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A Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) whale that had been dormant for over ten years has sprung into action, transferring a massive $207.51 million worth of Bitcoin.
What Happened: The Bitcoin whale shifted 2,186 BTC to another wallet. This Bitcoin stash was first received by the dormant wallet in July 2013 when BTC was priced&nbsp;at $85. At the time&nbsp;of this recent transaction,&nbsp;Bitcoin was trading at $94,929,&nbsp;indicating a price increase of about 111,581% over nearly 142 months.
According to the report <a href="https://bitinfocharts.com/bitcoin/address/1NWPS2fWw6FMeJEjg6DMMpYxQyB4TKpVsb">by </a>BitInfoCharts, the whale also transferred a smaller Bitcoin stash that it received on two separate occasions in 2014. 
In March&nbsp;2014, the wallet received 82&nbsp;BTC when Bitcoin was trading around $612, and in November 2014, it received 75 BTC when Bitcoin was approximately $377.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44348215/bitcoin-whale-takes-332-million-short-position-heres-where-it-gets-liquidated">Bitcoin Whale Takes $332 Million Short Position, Here&#8217;s Where It Gets Liquidated</a>
During its period of inactivity, the wallet also received small amounts of Bitcoin, suggesting that it may have been a target of dusting attacks. These attacks aim to de-anonymize a cryptocurrency user by sending small&nbsp;amounts of Bitcoin to an&nbsp;address to monitor the user&#8217;s holdings and transaction activities.
Why It Matters: The sudden activity of this ancient Bitcoin whale is significant in the cryptocurrency market. It highlights the potential for large, dormant accounts to suddenly become active and make substantial transactions. This can have a considerable impact on Bitcoin&#8217;s price and market dynamics. 
The whale&#8217;s massive profit also underscores the substantial price appreciation of Bitcoin over the past decade, reinforcing its status as a lucrative investment. 
The dusting attacks on the wallet further emphasize the ongoing security and privacy concerns in the cryptocurrency space.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44065728/crypto-analyst-predicts-195-bitcoin-rally-says-bull-market-not-over-yet" target="_blank" rel="noreferrer noopener">Crypto Analyst Predicts 195% Bitcoin Rally, Says Bull Market Not Over Yet</a>
Image: Shutterstock/nuttapon averuttaman

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

News

Markets

$BTC

Decade-Old Bitcoin Whale Emerges, Transfers $207.51 Million BTC With Nearly 112,000% Profit

In a recent reaffirmation of her bullish stance, ARK Invest CEO Cathie Wood has once again predicted that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) will hit a minimum of $700,000 in the coming years.
What Happened: Speaking at a recent interview, Wood reiterated ARK&#8217;s forecast of a minimum 580% surge in Bitcoin&#8217;s current value by 2030. 
She <a href="https://www.youtube.com/watch?v=mVsSn5EBFlE">detailed</a>, &#8220;We&nbsp;have always had a 2030&nbsp;target, the base case in&nbsp;the $700,000 to $750,000 range,&nbsp;the bull case in the&nbsp;$1.5 million range.&#8221;
Wood highlighted three primary factors propelling this audacious Bitcoin price prediction. These encompass Bitcoin&#8217;s potential to seize a share from gold or expand the store-of-value market, institutions starting to invest in Bitcoin, and emerging market use cases.
See Also:&nbsp;<a href="https://benzinga.com/news/legal/25/05/45333754/tesla-poised-to-gain-as-texas-declares-dexit-passing-bills-to-shield-companies-from-shareholder-lawsui" target="_blank" rel="noreferrer noopener">Tesla Poised To Gain As Texas Declares &#8216;Dexit,&#8217; Passing Bills To Shield Companies From Shareholder Lawsuits After Elon Musk&#8217;s Pay Battle</a>
In addition to her Bitcoin forecast, Wood also shared her views on the current economic situation. She stated that the US is in a recession but anticipates it to end soon, following&nbsp;more clarity around President Trump's&nbsp;tariff negotiations. She is optimistic that this will trigger considerable economic growth, partly driven by advancements in artificial intelligence (AI).
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44889289/this-crypto-analyst-predicts-bitcoin-could-soar-137-under-perfect-market-conditions">This Crypto Analyst Predicts Bitcoin Could Soar 137% Under Perfect Market Conditions</a>
"I just put out a letter talking about the rolling recession we've been in for the last three years, since the Fed jacked up rates. We got a negative quarter in the first quarter, and potentially in the second quarter as well. And I think more and more people are getting concerned about an extended recession, and amid all the uncertainty, we actually think we're at the end of this rolling recession, and that we are moving into a period, after all of this uncertainty, of much greater productivity,&#8221; Wood added. 
&#8220;I&nbsp;think we're going to see a lot more productivity driven growth, which means inflation is going to be much lower than expected, which is going to be very capital friendly," she shared. 
At the time of writing, Bitcoin was trading at $102,811, marking a 2.4% increase&nbsp;in the last 24 hours.
Why It Matters: Wood&#8217;s prediction is significant as it reflects the growing confidence in Bitcoin&#8217;s potential to disrupt traditional financial markets. The forecast also underscores the increasing institutional interest in Bitcoin as a viable investment. 
Furthermore, Wood&#8217;s comments on the economic climate highlight the potential role of Bitcoin and AI in driving economic growth post-recession.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44065728/crypto-analyst-predicts-195-bitcoin-rally-says-bull-market-not-over-yet" target="_blank" rel="noreferrer noopener">Crypto Analyst Predicts 195% Bitcoin Rally, Says Bull Market Not Over Yet</a>
Shutterstock/Rcc_Btn

Cathie Wood Stands Firm on Bold $700,000 Bitcoin Prediction for Investors, Says 'Bull Case in the $1.5 Million Range'

A recent shift in how the <a href="https://www.benzinga.com/news/25/05/45281537/gop-warns-trump-appointed-social-security-chief-frank-bisignano-against-further-staff-cuts-citing-risks-to-services-as-baby-boomers-age">Social Security Administration</a> handles benefit overpayments may offer partial relief — but it still comes with serious consequences. Effective April 25, the SSA began withholding up to 50% of monthly Title II benefits, such as retirement, disability, or survivor payments, from those who received overpayments.&nbsp;
While that's a step back from the <a href="https://www.benzinga.com/personal-finance/25/03/44368080/ssa-to-seek-100-recovery-on-social-security-overpayments-heres-what-this-means-for-your-benefits">previously announced 100% clawback</a>, experts say the new policy can still leave retirees and other beneficiaries in financial distress.
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<h2 class="wp-block-heading">Why Are Benefits Being Withheld?</h2>
Overpayments happen when the SSA sends out more money than a person is actually owed. This can occur for several reasons, including agency errors or delays in processing information — like changes to a beneficiary's income, living situation, or marital status.
When the SSA determines that an overpayment has occurred, it sends a notice asking for full and immediate repayment. If the beneficiary doesn't respond within roughly 90 days — by requesting a waiver, a reconsideration, or a lower repayment rate — the SSA begins automatically withholding funds.
According to an <a href="https://secure.ssa.gov/apps10/reference.nsf/lnx/04252025032443PM">emergency message</a> from the SSA, the new policy sets a default withholding rate of 50% for all new overpayment notices beginning April 25. This means half of a beneficiary's monthly check may be withheld until the debt is paid off — unless they take action.
Trending: The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?
<h2 class="wp-block-heading">Relief from 100%, But Still Not Easy</h2>
The SSA's decision follows backlash against a previous plan to withhold 100% of benefits for overpaid recipients. That plan, <a href="https://www.ssa.gov/news/press/releases/2025/#2025-03-07-a">announced</a> earlier this year, would have left some individuals without any income at all. Critics, including advocacy organizations and lawmakers, called the full clawback "draconian."
While the reduced rate is seen as progress, it's far from a full solution.
"If you're relying on your benefits to pay your rent or your mortgage and buy food, losing half of that income is going to be devastating and can still result in people becoming homeless," Kate Lang, director of federal income security at Justice in Aging, told <a href="https://www.cnbc.com/2025/05/05/social-security-overpayment-withholding-rate-change.html">CNBC</a>.
Richard Fiesta, executive director of the Alliance for Retired Americans, told CNBC the change still risks causing "immediate economic hardship" for many, particularly when the overpayment was not the beneficiary's fault.
See Also: <a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a>
<h2 class="wp-block-heading">Can You Dispute the Overpayment?</h2>
Yes — but it's not always straightforward. <a href="https://www.benzinga.com/personal-finance/25/03/44292349/if-i-were-a-beneficiary-id-be-setting-aside-some-money-right-now-former-ssa-commissioner-warns-t">Beneficiaries</a> can request a reconsideration, a waiver, or a lower withholding rate. However, responses can vary depending on the SSA employee handling the case.
"There are thousands of employees that individual beneficiaries are going to be dealing with to ask for a waiver or ask to negotiate a different repayment rate," Lang said. "And those employees have a lot of discretion in what they decide."&nbsp;
Plus, long wait times for SSA appointments can make it harder for people to respond in time.
<h2 class="wp-block-heading">What to Do If You Receive an Overpayment Notice</h2>
If you get a notice, act quickly. According to the SSA, you typically have about 90 days to challenge it before the SSA begins withholding up to 50% of your monthly benefit.
Experts recommend contacting the SSA as soon as possible to explore your options. You may be able to reduce the withholding rate or avoid repayment altogether if you weren't at fault for the overpayment.
<h2 class="wp-block-heading">Bottom Line</h2>
While the SSA's decision to cut the withholding rate from 100% to 50% may sound like good news, the fallout could still be serious for many retirees. Stay informed, respond quickly to any overpayment notice, and don't hesitate to ask for help if you need it.
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Image: Shutterstock

Personal Finance

You Could Still Lose Half Your Benefits: Social Security Reduces Overpayment Withholding Rate, Experts Warn Of Fallout

When it comes to managing money, Suze Orman says understanding debt is a critical first step — especially for anyone hoping to improve their financial health. On a recent episode of her "<a href="https://omny.fm/shows/suze-ormans-women-and-money/suze-school-the-actions-you-need-to-take-now-with-your-money">Women &amp; Money</a>" podcast, Orman made a clear distinction between "good" debt and "bad" debt — and explained how to handle both.
<h2 class="wp-block-heading">What's the Difference Between Good Debt and Bad Debt?</h2>
According to Orman, bad debt "is where you are paying for your present day desires, but your costs are going to be your future day needs."&nbsp;
The most common example? Credit card debt. It typically comes with high interest rates and can snowball if not addressed quickly.
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<a href="https://www.benzinga.com/25/05/45256709/approaching-retirement-suze-ormans-2025-plan-for-safe-high-earning-cash">Orman</a> says good debt, on the other hand, includes borrowing that may help you build your financial future. This could be a mortgage, a student loan, or even a car loan — as long as it&#8217;s used wisely. For instance, if a car is necessary to commute to work and the loan is reasonable, it may be considered a strategic expense.
<h2 class="wp-block-heading">How to Know If a Car Loan Is Worth It</h2>
Even though a car loan can sometimes be a form of good debt, Orman urges caution. "Remember, if you buy a new car, the second you drive it off the lot, it goes down a good 20% or more in value," she said.
To decide whether a <a href="https://www.benzinga.com/news/25/03/44309975/suze-orman-warns-against-this-costly-car-buying-mistake-are-you-kidding-me-thats-just-spending-on-a-want-not">car loan is affordable</a>, Orman offers a simple rule: if you can&#8217;t pay it off in three years, the car may be too expensive. Stretching payments over five, six, or seven years? That could turn a necessary expense into bad debt.
Trending: Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
<h2 class="wp-block-heading">Tackling Credit Card Debt — No Matter Your Credit Score</h2>
If you're dealing with high-interest credit card debt, Orman recommends a few different strategies based on your credit score.
For people with good credit (a FICO score of 680 or higher), she suggests looking into 0% balance transfer offers. Some credit cards offer up to 21 months with no interest, which can give you time to pay down your debt faster without extra charges.
If your score is lower, balance transfers may not be an option. In that case, Orman offers a structured plan:
<ol class="wp-block-list">
<li>List all credit cards by interest rate, from highest to lowest.</li>
<li>Write down the current minimum payment due for each card — and commit to always paying at least that much going forward.</li>
<li>Total your minimum payments. Add 20% to this number.</li>
<li>Apply that extra 20% to the card with the highest interest rate.</li>
<li>Once a card is paid off, roll the full amount you were paying on that card to the next highest-interest card — and repeat until you're debt-free.</li>
</ol>
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<h2 class="wp-block-heading">A Final Tip: Don't Close Those Paid-Off Cards</h2>
After you&#8217;ve paid off your credit cards, it may be tempting to close them — but Orman cautions against that. Closing credit cards lowers your available credit limit, which can hurt your FICO score. Instead, Orman urges listeners to consider keeping the accounts open and using them occasionally to maintain a positive credit history.
<a href="https://www.benzinga.com/news/25/04/44889438/survey-unveils-american-misconceptions-about-credit-card-debt-management">Managing debt</a> is about more than making payments — it's about making smart decisions that protect your future. Orman's message is clear: learn the difference between good and bad debt, and take action today.
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Image: Shutterstock

'There Is Good Debt And There Is Bad Debt' - Suze Orman Breaks Down Credit Cards, Car Loans, Student Debt, And Mortgages

Decades after Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) walked away from Morris Chang's pitch to co-invest in Taiwan Semiconductor Manufacturing Co. Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), the Taiwanese chip giant has skyrocketed past Intel in market value.
What Happened: In a 2014 <a href="https://www.youtube.com/watch?v=wEh3ZgbvBrE&amp;ab_channel=StanfordOnline">lecture</a> at Stanford University, Chang, the founder of TSMC, shared the remarkable backstory of how he secured funding for what would become the world's largest dedicated chip foundry.
At the time, Chang was tasked with piecing together financing, with the Taiwanese government promising up to 50% of the initial investment — if Chang could secure the other half from private investors, ideally a major global tech partner.
Chang approached several industry giants, including Intel, Toshiba, Hitachi, and Sony. While Intel initially showed some interest, the conversations ultimately ended in rejection.
See Also: <a href="https://www.benzinga.com/tech/25/03/44298588/lip-bu-tan-got-high-praise-from-tsmc-founder-morris-chang-for-saving-cadence-from-pretty-big-trouble-will-the-magic-work-at-the-new-intel">Lip-Bu Tan Got High Praise From TSMC Founder Morris Chang For Saving Cadence From &#8216;Pretty Big Trouble&#8217; — Will The Magic Work At The &#8216;New&#8217; Intel</a>
Chang recalled how Intel's then-executive Craig Barrett met with him twice but eventually said no, saying the company wasn't interested.
"The only company that appeared to be genuinely interested was Philips," Chang recounted. While he had hoped for a stronger technology partner, Chang settled for Philips, which invested 28%. With the Taiwanese government's 48% and additional funds from local investors, TSMC was officially launched in 1987.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Fast forward to today, and the contrast between TSMC and Intel's fortunes couldn't be starker.
As of May 2025, TSMC boasts a market capitalization of $908.78 billion, ranking as the world's 11th most valuable company, while Intel lags far behind with a market cap of $91.60 billion, sitting at 206th place globally.
TSMC, which <a href="https://www.benzinga.com/insights/options/25/02/43886929/taiwan-semiconductor-options-trading-a-deep-dive-into-market-sentiment">went public as an ADR</a> in the U.S. in 1997, now controls over 60% of the global chip foundry market. It counts powerhouse clients like Apple Inc., Advanced Micro Devices, and Nvidia Corporation, leveraging process technologies and benefiting from the fabless chip model that has reshaped the semiconductor landscape.
Meanwhile, Intel has <a href="https://www.benzinga.com/markets/equities/24/12/42378342/intel-stock-is-where-it-was-27-years-ago-how-the-worlds-leading-chipmaker-lost-the-plot-thrice">struggled to maintain</a> its former dominance. Over the past five years, Intel's stock has fallen more than 64% (whereas TSMC has gained BY 231.17%), losing ground not only in its traditional x86 stronghold but also in emerging areas like smartphone chips and AI, where Nvidia has surged ahead.
At Intel's first-quarter 2025 earnings call, new CEO Lip-Bu Tan admitted, "Clearly, there are no quick fixes," as the company works through a <a href="https://www.benzinga.com/markets/25/04/45000866/intel-stock-has-fallen-nearly-64-in-5-years-now-ceo-lip-bu-tan-says-clearly-there-are-no-quick-fixes-but-investors-should-stay-tuned">multi-year transformation</a> plan aimed at regaining competitiveness in AI, GPUs, and edge computing.
But the bigger story today is how TSMC has far outpaced Intel's market value and global influence.
With TSMC sitting atop the global semiconductor supply chain and Intel working hard to stage a turnaround, the once-dismissed foundry model now stands as a defining force in the future of chips.
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</ul>
Photo Courtesy: jamesonwu1972 On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Tech

INTC

Morris Chang Once Talked About How Intel Turned Down His Vision For TSMC — Fast Forward To Today And The Taiwanese Chipmaker Has Outgrown Intel In Market Value By Hundreds Of Billions

President Donald Trump has expressed a readiness to drastically cut&nbsp;U.S. tariffs on Chinese imports,&nbsp;hinting at a potential 80% tariff as the new rate.
What Happened: President Trump is considering a significant reduction in tariffs on Chinese goods. This move is interpreted as an effort to advance in the ongoing trade war, sparked by Trump&#8217;s &#8220;Liberation Day&#8221; announcement.
The existing tariffs have notably influenced Wall Street and have sparked worries about a possible U.S. recession. They have also negatively impacted Trump&#8217;s approval ratings.
Trump,&nbsp;in a <a href="https://truthsocial.com/@realDonaldTrump/posts/114477628854583525">post </a>on Truth&nbsp;Social, proposed that an 80% tariff on China seemed fitting. This would substantially lower&nbsp;the import tax on Beijing's&nbsp;goods from the current 145%. &#8220;80% Tariff on China seems right! Up to Scott B,&#8221; Trump wrote. 
He also alluded&nbsp;to Treasury Department Secretary Scott&nbsp;Bessent&#8217;s role in the decision.
The U.S. and China are&nbsp;set to engage in trade talks&nbsp;in Switzerland this weekend, with&nbsp;Bessent spearheading the discussions. Trump&#8217;s suggested tariff reduction comes as Beijing has been hesitant&nbsp;to negotiate a deal with&nbsp;the U.S., despite the potential harm to its own economy.
Also Read: <a href="https://www.benzinga.com/markets/25/05/45185792/young-americans-express-discontent-over-trumps-china-tariffs">Young Americans Express Discontent Over Trump&#8217;s China Tariffs</a>
In another <a href="https://truthsocial.com/@realDonaldTrump/posts/114477610338144415">post</a> on Friday, Trump said, &#8220;CHINA SHOULD OPEN UP ITS MARKET TO USA — WOULD BE SO GOOD FOR THEM!!! CLOSED MARKETS DON'T WORK ANYMORE!!!"
Trump&#8217;s economic management has seen approval ratings fall below 50% in most polls, stirring unease among Republicans with the midterm elections just over a year away.
Despite the ongoing trade disputes, the prospect of U.S.-China talks has been received positively by markets, with Germany's DAX, Paris's CAC 40,&nbsp;and the U.K.'s FTSE 100&nbsp;all recording gains.
Why It Matters: The proposed tariff reduction signifies a potential shift in the U.S.-China trade war. The current tariffs have not only impacted Wall Street but also raised concerns about a U.S. recession and affected Trump&#8217;s approval ratings. 
The move could potentially ease these concerns and improve the economic outlook. However, the success of this proposal largely depends on the upcoming trade talks in Switzerland and Beijing&#8217;s willingness to negotiate a deal.
Read Next
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Shutterstock/Valery Evlakhov

Politics

Global

Trump Proposes Major Cut in China Tariffs, Signaling Shift in Trade War

Function Health, the rapidly growing health-tech startup on a mission to help people live 100 healthy years, announced in a <a href="https://www.prnewswire.com/news-releases/function-health-acquires-ezra-introduces-499-full-body-mri-scan-302446016.html">statement</a> on Monday a game-changing acquisition that's already turning heads in Silicon Valley and <a href="https://www.benzinga.com/personal-finance/25/04/44636477/ai-wont-steal-hollywoods-magic-says-mark-cuban-the-best-will-get-even-better-but-ai-cant-replace-that-feel">Hollywood</a> alike.
The Austin-based company, known for offering over 160 advanced lab tests through its membership platform, has officially acquired Ezra, a New York startup offering full-body MRI scans powered by AI, according to<a href="https://www.cnbc.com/2025/05/05/function-health-mri-ezra.html"> CNBC</a>.
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<h2 class="wp-block-heading">A Landmark Deal Backed by Celebrities</h2>
The deal, revealed in the company's statement, signals a major move in the consumer longevity space. According to<a href="https://www.fiercehealthcare.com/health-tech/startup-pockets-53m-personalized-health-testing-backed-celeb-investors-matt-damon-pedro"> Fierce Healthcare</a>, the startup is backed by big-name celebrities including Matt Damon, Pedro Pascal, <a href="https://in.benzinga.com/news/25/02/43496334/sounds-like-murderville-both-mark-cuban-and-kevin-hart-passed-on-a-startup-that-grew-into-a-giant-leaving-them-regretting-it">Kevin Hart</a>, Jay Shetty, Zac Efron, Blake Griffin, Colin Kaepernick, and investor Ari Emanuel.
Function is now rolling out a 22-minute full-body MRI for just $499, with the company saying in its statement that it&#8217;s a third of the price of Ezra's previous $1,500 scan. Function co-founder and CEO Jonathan Swerdlin told CNBC, "What labs aren't covering, scans can see, and what scans couldn't touch on, labs cover."
<h2 class="wp-block-heading">Tech-Powered Scans That Spot Trouble Before You Feel It</h2>
Ezra's scans are designed to catch disease before symptoms ever surface. From cancers to degenerative spine issues, silent strokes to liver disease, the AI-enhanced imaging adds a crucial layer to Function's preventive arsenal. According to Ezra founder Emi Gal, who lost his mother to late-stage cancer and started Ezra to change that reality, the goal has always been to find disease early enough to make a difference, CNBC reports.
Trending: Donald Trump just announced a $500 billion AI infrastructure deal — <a href="https://www.benzinga.com/money/seize-a-share-while-you-still-can-in-the-2-trillion-entertainment-market-with-elf-labs-at-just-2-25-share">here's how you can invest in the entertainment market's next big disruptor at $2.25 per share</a>.
Function is keeping Gal on board to continue leading the MRI division. "Over the past six years my team and I have helped countless people find cancer, many of whom are now cancer-free," Gal said in the startup&#8217;s statement. "We are now scaling this to millions together with Function."
According to<a href="https://radiologybusiness.com/topics/healthcare-management/mergers-and-acquisitions/whole-body-mri-firm-ezra-acquired-celebrity-backed-longevity-startup-function-health"> Radiology Business</a>, the scans will be immediately available to Function's nearly 200,000 members at almost 100 partner sites, including Longhorn Imaging, Princeton Radiology, and Rayus. Plans are already in motion to scale that to 1,000 locations nationwide.
Function has also integrated Ezra's proprietary AI stack: Ezra Flash AI for image quality, Ezra AI for interpreting scans, and Ezra Reporter to simplify radiology language. Together, these tools compress scan time from 60 minutes to just 22, and slash the cost to a fraction of what competitors charge, Radiology Business reports.
See Also: Shark Tank's Kevin O'Leary called Missing Ring his biggest mistake — Don't repeat history—<a href="https://www.benzinga.com/money/big-tech-has-spent-billions-acquiring-ai-smart-home-startups-one-company-stands-to-benefit-and-has-already-made-10-million">invest in RYSE at just $1.90/share.</a>
<h2 class="wp-block-heading">The Future of Health Is Member-Owned, Not Hospital-Defined</h2>
Function Health is built around a single idea: health should be in your hands. Co-founder and Chief Medical Officer Mark Hyman calls it the most meaningful venture of his career, a platform rooted in P4 medicine: predictive, preventive, personalized, and participatory. The aim is to give people the data they need to act early, rather than waiting for symptoms to become emergencies, according to<a href="https://time.com/7176591/function-health-startup-blood-tests-preventive-medicine/"> Time</a>.
Instead of relying on reactive systems and fragmented care, members gain access to centralized, real-time insights drawn from lab tests, full-body imaging, and AI interpretation. Hyman believes this breaks the old model where people had to ask doctors and insurers for permission to understand their own bodies. As he told Time, &#8220;The only way to do that is to have your own data, and not be limited by what you get at your doctor's.&#8221;
The company is also aggressively scaling. After raising $53 million in a Series A round led by Andreessen Horowitz&#8216;s Bio + Health fund, with additional backing from Draft Ventures, G9 Ventures, Wisdom.vc, and 53 Stations, Fierce Healthcare reports, Function is seeking $200 million more to fuel growth, according to CNBC.
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Image: Shutterstock

Function Health Acquires Ezra, Launches $499 Full-Body MRI Scan Backed By Matt Damon, Pedro Pascal, And Kevin Hart

<ul class="wp-block-list">
<li>Kohl's fired CEO Ashley Buchanan on May for cause</li>
<li>The dismissal came after an investigation uncovered unethical and undisclosed conflicts of interest</li>
<li>Michael Bender will be serving as interim CEO, while the company searches for a new leader</li>
</ul>
Kohl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) dismissed its newly installed CEO on May 1, citing "undisclosed conflicts of interest," the company <a href="https://investors.kohls.com/news/news-details/2025/Kohls-Announces-CEO-Transition-Process/default.aspx">said</a>.
Ashley Buchanan had been in the position for just four months before the company discovered&nbsp; allegedly unethical behavior. According to the retailer, an outside investigation found that Buchanan "violated company policies by directing the company to engage in vendor transactions that involved undisclosed conflicts of interest." As a result, he was terminated "for cause," a rebuke that carries serious weight in these circles.
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A <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0000885639/365c9d9d-e961-486a-b5b8-6d41e9a073a6.pdf">regulatory filing</a> with the Securities and Exchange Commission disclosed a few more details about what the company said it discovered. "Mr. Buchanan had directed that the Company conduct business with a vendor founded by an individual with whom Mr. Buchanan has a personal relationship on highly unusual terms favorable to the vendor and that he also caused the Company to enter into a multi-million dollar consulting agreement wherein the same individual was a part of the consulting team," the filing said.&nbsp;
The filing also said Mr. Buchanan did not disclose this relationship as required under the company's code of ethics, which amounted to his dismissal with cause.
Trending: Donald Trump just announced a $500 billion AI infrastructure deal — <a href="https://www.benzinga.com/money/seize-a-share-while-you-still-can-in-the-2-trillion-entertainment-market-with-elf-labs-at-just-2-25-share">here's how you can invest in the entertainment market's next big disruptor at $2.25 per share</a>.
Buchanan joined Kohl's in January. During his short tenure, he was unable to do so, with sales continuing to decline by 4.3%, according to the company's <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0000885639/365c9d9d-e961-486a-b5b8-6d41e9a073a6.pdf">preliminary Q1 earnings report</a> released on April 30. However, Kohl's said that his dismissal was not related to the company's performance.
In a note on <a href="https://www.linkedin.com/posts/neilretail_retail-retailnews-kohls-activity-7323727677897457664-yOX7?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAABoQOeEBkp9GEG7YuyNwG3VYshXFjSm2NTs">LinkedIn</a>, Neil Saunders, the managing director of GlobalData Retail, wrote that the "disruption and distraction" of Buchanan's firing "is the last thing that Kohl&#8217;s needs as it tries to turn itself around. Kohl&#8217;s needs stability. It currently has chaos."
Chair Michael Bender will serve as interim CEO until a successor is named, according to Kohl&#8217;s.&nbsp;
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Image: Shutterstock

Kohl's Dismisses CEO Over 'Undisclosed Conflicts Of Interest'

On a recent episode of The Ramsey Show, a woman phoned in to talk about her boyfriend's approach to finance that raised some red flags: "I've been dating a lovely young man… and his response [to retirement savings] was that 401(k)s are a scam." Hosts Dave Ramsey and George Kamel, as usual, had a lot to say about that.
What Happened: The caller <a href="https://www.youtube.com/watch?v=Y324f44rQuk">shared</a> that while she saves sincerely with a <a href="https://www.benzinga.com/money/what-is-a-401k">401(k)</a> and Roth IRA, her 32-year-old boyfriend, who immigrated from Albania six years ago, disregards retirement accounts completely. Ramsey responded: "What he&#8217;s saying is&#8230; I'm immature and I don't want to think about the future."
Ramsey went on to acknowledge that fear or cultural experience might be impacting the boyfriend's position. "If he is truly scared of this product… then you can deal with fear," Kamel added. They advised the caller to approach the situation like teaching someone to ride a bike: begin with training wheels, then build confidence step by step.
See Also: <a href="https://www.benzinga.com/markets/25/04/45061911/kevin-oleary-urges-americans-to-rethink-retirement-goals-says-social-security-alone-wont-cut-it-throw-out-your-plan-for-freedom-at-55-or-even-65">Kevin O&#8217;Leary Urges Americans To Rethink Retirement Goals, Says Social Security Alone Won&#8217;t Cut It: &#8216;Throw Out Your Plan For Freedom At 55 Or Even 65&#8217;</a>
Why It Matters: Ramsey did not mince his words, highlighting the long-term relational and financial risks of not having a 401(k). "You&#8217;re going to live with someone who&#8217;s going to do no planning for the future, which guarantees your future sucks."
He <a href="https://www.benzinga.com/personal-finance/25/01/42988489/im-watching-my-retirement-savings-erode-away-61-year-old-panics-over-his-investments-but-dave-ramsey-tells-him-shut-up-and-invest">shared stories</a> of other callers who had a similar perspective and then ended up with decades of regret. "I <a href="https://www.benzinga.com/personal-finance/25/05/45181755/58-year-old-with-no-retirement-says-his-ex-left-him-broke-and-hes-sick-of-working-dave-ramsey-says-he-can-build-a-500k-nest-egg-in-10-years">meet 57-year-old Americans who have no vision</a>&#8230; and they end up retiring and trying to live on Social Security and griping because <a href="https://www.benzinga.com/personal-finance/25/01/43086362/retiring-with-zero-money-and-a-nice-paid-for-house-is-not-a-plan-dave-ramsey-tells-59-year-old-with-no-retirement-savings">all the opportunity is gone</a>", he said.
For this woman, the path forward with her boyfriend would be to "honor their questions," said Kamel. "Don't always try to explain them away… get with a third party" like a financial advisor. &nbsp;Ramsey then added: "I love you—don't marry this guy. He ain't worth it," if his mindset does not shift.
Ramsey has previously advocated for a similar approach, highlighting the importance of tackling debt, <a href="https://www.benzinga.com/personal-finance/financial-advisors/25/05/45187836/dave-ramsey-blasts-budget-slackers-who-bail-on-401ks-during-market-turmoil-shortterm-temper-tantrums">putting extra cash&nbsp;into a 401(k)&nbsp;</a>and Roth IRA, and investing in broad‑based mutual funds that compound over decades.
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Photo courtesy: Shutterstock

General

Dave Ramsey Tells Woman Whose Boyfriend Thinks 401(k)s Are A Scam: 'Don't Marry This Guy, He Ain't Worth It,' Calling Him An 'Immature' Man Who Doesn't 'Want To Think About The Future'

President Donald Trump has declared a ceasefire agreement between India and Pakistan. This announcement comes amidst escalating tensions between the two nuclear-armed nations.
What Happened: Early on Saturday morning, President Trump made a casual announcement about the ceasefire agreement between India and Pakistan. 
&#8220;After a long night of talks mediated by the United States, I am pleased to announce that India and Pakistan have agreed to a FULL AND IMMEDIATE CEASEFIRE. Congratulations to both Countries on using Common Sense and Great Intelligence. Thank you for your attention to this matter!,&#8221; Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/114483405683675564">posted </a>on Truth Social.
The announcement followed a series of escalating military actions between India and Pakistan. Earlier on Saturday, India had launched missiles at Pakistani airbases, which led to retaliation from Pakistan. 
This announcement was made mere hours after the conflict seemed to be intensifying.
Also Read: <a href="https://www.benzinga.com/25/05/45241770/india-fires-missiles-into-pakistani-territory-trump-hopes-fighting-between-nuclear-rivals-ends-very-quickly">India Fires Missiles Into Pakistani Territory, Trump Hopes Fighting Between Nuclear Rivals &#8216;Ends Very Quickly&#8217;</a>
U.S. Secretary of State Marco Rubio also confirmed the ceasefire on his social media, commending the governments of India and Pakistan for their &#8220;wisdom, prudence, and statesmanship in choosing the path of peace.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Over the past 48 hours, <a href="https://twitter.com/VP?ref_src=twsrc%5Etfw">@VP</a> Vance and I have engaged with senior Indian and Pakistani officials, including Prime Ministers Narendra Modi and Shehbaz Sharif, External Affairs Minister Subrahmanyam Jaishankar, Chief of Army Staff Asim Munir, and National Security Advisors Ajit…
&mdash; Secretary Marco Rubio (@SecRubio) <a href="https://twitter.com/SecRubio/status/1921175185836708140?ref_src=twsrc%5Etfw">May 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: The ceasefire agreement is significant as it comes at a time when tensions between India and Pakistan were escalating at an alarming rate. 
The conflict, which had its roots of Pakistan providing a safe haven for terrorists, had led to a series of military actions that threatened to destabilize both the countries. 
The successful mediation by the United States, as announced by President Trump, has brought a temporary halt to the conflict, potentially averting a major crisis. 
The impact of this ceasefire on the long-term relations between the two countries remains to be seen.

Trump Makes India-Pakistan Ceasefire Declaration In Casual Manner: 'Thank You For Your Attention To This Matter!'

Each week,&nbsp;Benzinga's Stock Whisper Index&nbsp;uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the&nbsp;<a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and deserve attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Read Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/25/05/45171636/exclusive-aprils-20-most-searched-tickers-on-benzinga-pro-where-do-tesla-apple-palantir-nvidia-stocks-rank" target="_blank" rel="noreferrer noopener">EXCLUSIVE: April's 20 Most-Searched Tickers On Benzinga Pro — Where Do Tesla, Apple, Palantir, Nvidia Stocks Rank?</a>
Here&#8217;s a look at the Benzinga Stock Whisper Index for the week ending May 9:
Mastercard Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>): The payment processing and credit card company saw strong interest from Benzinga readers during the week, which comes after the company reported<a href="https://www.benzinga.com/25/05/45142357/mastercard-raises-guidance-for-fy25-after-upbeat-q1-results-and-surge-in-global-card-issuance"> first-quarter financial results.</a> Mastercard reported quarterly revenue of $7.25 billion and earnings per share of $3.73. Both figures beat Street estimates, continuing a streak of both figures beating estimates for more than 10 straight quarters. Among the highlights in the quarter was cross-border volume that was up 15% year-over-year. The company announced a partnership with Corpay in the quarter that will further help with cross-border payment solutions. JPMorgan analyst Tien-tsin Huang<a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45175986/mastercards-cross-border-surge-and-pricing-actions-drive-analyst-optimism"> reiterated an Overweight rating </a>on the stock after earnings. The analyst said the company showed stability despite headwinds.
The stock was up around 2% during the week as seen on the <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0509">Benzinga Pro chart </a>below with the stock up 25% over the last year.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0509"><img loading="lazy" decoding="async" width="1003" height="499" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171621/Screenshot-407.png" alt="" class="wp-image-910772" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171621/Screenshot-407.png 1003w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171621/Screenshot-407-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171621/Screenshot-407-768x382.png 768w" sizes="(max-width: 1003px) 100vw, 1003px" /></a></figure>
Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>): The retailer saw increased interest from readers during the week, which comes with April comparable monthly sales reported and as the company prepares for third-quarter financial results. The company reported <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45298451/jpmorgan-sees-more-upside-for-costco-as-us-sales-e-commerce-outperform">April monthly sales</a> of $21.2 billion, up 7% year-over-year. Comparable store sales were up 5.2% year-over-year in U.S. locations during the month, while overall same store sales increased 4.4% year-over-year. Analysts expect the company to post third-quarter revenue of $63.0 billion, up from $58.5 billion. The company has missed revenue estimates in six of the last 10 quarters. Increased attention to the stock could indicate more optimism for the next report with macro concerns and tariffs leading to an increase in bulk shopping during recent months.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0509"><img loading="lazy" decoding="async" width="993" height="497" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171635/Screenshot-408.png" alt="" class="wp-image-910773" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171635/Screenshot-408.png 993w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171635/Screenshot-408-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171635/Screenshot-408-768x384.png 768w" sizes="(max-width: 993px) 100vw, 993px" /></a></figure>
Vimeo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMEO#NASDAQ">VMEO</a>): The video software company saw increased interest from readers during the week, as shares declined after first-quarter results. The company beat analyst estimates for both revenue and earnings per share in the quarter. Vimeo has beaten analyst estimates for earnings per share in nine of the last 10 quarters and for revenue in more than 10 straight quarters. In the earnings <a href="https://investors.vimeo.com/static-files/a5ef9d3e-4831-4360-90b3-102c2254419b">report</a>, the company highlighted price increases and strength of self-serve bookings. Vimeo Enterprise also was highlighted with revenue up 32% year-over-year. The company also said it was investing for growth and <a href="https://www.benzinga.com/25/04/44647916/vimeo-launches-creator-focused-streaming-platform-with-ai-monetization-tools">highlighted new AI tools</a> and the new Vimeo Streaming product.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0509"><img loading="lazy" decoding="async" width="995" height="501" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171649/Screenshot-409.png" alt="" class="wp-image-910774" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171649/Screenshot-409.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171649/Screenshot-409-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171649/Screenshot-409-768x387.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Alamos Gold Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>): Alamos Gold reappears on the Stock Whisper Index for a <a href="https://www.benzinga.com/trading-ideas/25/04/44883576/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-61">second straight month</a> with gold stocks continuing to see strong interest from readers. The company reported first-quarter financial results on April 30 with revenue and earnings per share missing analyst estimates. The company has beaten estimates in these figures in eight and seven of the last 10 quarters respectively. Alamos <a href="https://www.alamosgold.com/news-and-events/default.aspx#news--widget">produced </a>125,000 ounces of gold in the quarter, which was at the low end of company guidance. The company said it continues to work towards stronger production with an aim of a run rate of one million ounces per year in the coming years.
"Nearly all of this growth is in Canada, it's all lower cost, and it's all fully funded providing one of the strongest outlooks in our sector," Alamos Gold CEO John McCluskey said after the quarterly results when talking of future growth.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0509"><img loading="lazy" decoding="async" width="1001" height="496" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171703/Screenshot-410.png" alt="" class="wp-image-910775" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171703/Screenshot-410.png 1001w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171703/Screenshot-410-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171703/Screenshot-410-768x381.png 768w" sizes="(max-width: 1001px) 100vw, 1001px" /></a></figure>
Accenture Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>): The IT services company saw strong interest from readers during the week on the heels of two acquisition announcements. On May 6, the company announced it was <a href="https://newsroom.accenture.com/news/2025/accenture-acquires-ascendient-learning-to-expand-learning-and-certification-capabilities-with-instructor-led-training-and-industry-recognized-credentials">acquiring </a>Ascendient Learning to expand its learning and certification capabilities. The company said the acquisition expands the number of certification offerings, enhances instructor-led training and adds upskilling programs. On May 8, the company announced the <a href="https://newsroom.accenture.com/news/2025/accenture-to-acquire-yumemi-to-accelerate-the-launch-of-innovative-and-influential-digital-products">acquisition </a>of Japanese digital services company Yumemi. The company said the acquisition will enhance capabilities to design and launch products for clients. Yumemi has designed digital products for more than 600 companies since its founding in 2000. Accenture is expected to report third-quarter financial results in June. The company has beaten analyst estimates for earnings per share in nine of the last 10 quarters and beaten revenue estimates in seven of the last 10 quarters.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0509"><img loading="lazy" decoding="async" width="993" height="494" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171719/Screenshot-411.png" alt="" class="wp-image-910776" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171719/Screenshot-411.png 993w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171719/Screenshot-411-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09171719/Screenshot-411-768x382.png 768w" sizes="(max-width: 993px) 100vw, 993px" /></a></figure>
Stay tuned for next week's report, and follow Benzinga Pro for all the latest headlines and <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0509" target="_blank" rel="noreferrer noopener">top market-moving stories here.</a>
Read the latest Stock Whisper Index reports here:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/04/44651693/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">April 4</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/25/04/44883576/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-61" target="_blank" rel="noreferrer noopener">April 18</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/25/04/45029510/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-62" target="_blank" rel="noreferrer noopener">April 25</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/25/05/45183831/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-63">May 2</a></li>
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Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

<ul class="wp-block-list">
<li>President Donald Trump proposed a 100% tariff on foreign films on Monday</li>
<li>The announcement, which was made on TruthSocial, came after a meeting with "special ambassador" to Hollywood Jon Voight</li>
<li>Reactions from industry professionals have been mixed, as studios and executives are unsure how the tariffs would be imposed</li>
</ul>
President Donald Trump on Monday announced his intention to introduce a 100% tariff on foreign films.
"The Movie Industry in America is DYING a very fast death. Other Countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States. Hollywood, and many other areas within the U.S.A., are being devastated. This is a concerted effort by other Nations and, therefore, a National Security threat. It is, in addition to everything else, messaging and propaganda! Therefore, I am authorizing the Department of Commerce, and the United States Trade Representative, to immediately begin the process of instituting a 100% Tariff on any and all Movies coming into our Country that are produced in Foreign Lands. WE WANT MOVIES MADE IN AMERICA, AGAIN!," the Truth Social post <a href="https://truthsocial.com/@realDonaldTrump/posts/114452117143235155">said</a>.&nbsp;
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Trump has not detailed how that tariff would be imposed. According to the <a href="https://www.wipo.int/pressroom/en/stories/ip_and_film.html">World Intellectual Property Organization</a>, movies are intellectual property, not goods. It's unclear whether they could be subject to the types of levies he's imposed on other material items. However, the U.S. Trade Representative has <a href="https://ustr.gov/issue-areas/services-investment/services">established guidelines</a> for non-tariff trade barriers on some services that could be applied in this instance.
In recent years, many foreign locales have offered large tax breaks for studios to shoot movies and TV series outside Hollywood. A survey from <a href="https://prodpro.com/blog/2025-tv-film-outlook-report/">ProdPro</a> found that the top five preferred production locations by studio executives in 2025 through 2026 were all outside the U.S. In response, California's Gov. Gavin Newsom proposed <a href="https://www.gov.ca.gov/2024/10/27/governor-newsom-proposes-historic-expansion-of-film-tv-tax-credit-program/">a massive tax credit</a> in October that would bring film production back to Hollywood.&nbsp;
However, some veteran studio executives and producers told <a href="https://www.reuters.com/business/media-telecom/us-media-stocks-fall-trump-threatens-100-tariff-foreign-made-films-2025-05-05/">Reuters</a> they had concerns about the proposed plan.&nbsp;
Trending: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
Producer Todd Garner raised questions about whether the tariffs would stifle creativity or lower production quality. "How would you make &#8216;Saving Private Ryan&#8217; in the U.S.? In Shreveport? Or a globe-trotting &#8216;Mission: Impossible?,'&#8221; he said.&nbsp;
Others see the plan in a different, more positive light. Duncan Crabtree-Ireland, the executive director of the SAG-AFTRA actors' union told Reuters, "We look forward to learning more about the specifics of the plan announced by the president and to advancing a dialogue to achieve our common goals."
Trump's decision to impose tariffs on foreign films came after a meeting on Monday with actor Jon Voight, one of the president's "special ambassadors" appointed to address Hollywood issues. Voight later <a href="https://x.com/Variety/status/1919566653983019227?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1919566653983019227%7Ctwgr%5Ead448539d7b1aaa469b6cd40e8347c626b1b7cac%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fvariety.com%2F2025%2Fbiz%2Fnews%2Fjon-voight-steven-paul-trump-plan-hollywood-1236387372%2F">posted a video</a> about the meeting. Sitting in front of a U.S. flag, he said that he'd met with entertainment leaders who helped him come up with a set of tax provisions aimed at helping "movie and television production and our beloved theaters that are so important to the American family experience."
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Image: Shutterstock

Trump Calls Hollywood's Decline A 'National Security Threat,' Orders A 100% Tariff On Foreign Films

Benzinga examined the prospects for <a href="http://www.benzinga.com/trading-ideas" target="_blank" rel="noreferrer noopener">many investors' favorite stocks</a> over the last week — here's a look at some of our top stories.
U.S. markets experienced a notable upswing this week, driven by President Donald Trump's announcement of a trade agreement with the United Kingdom. The deal includes reductions in tariffs on UK automobiles, steel, and aluminum, and grants the UK access to the U.S. beef market. This development spurred optimism for potential future trade agreements and contributed to a rally in equities, with the S&amp;P 500 and Nasdaq posting gains. Additionally, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) surpassed the $100,000 mark, reflecting increased investor confidence and a shift toward riskier assets.
Despite the positive market response, concerns about the broader economic outlook persist. The Federal Reserve opted to maintain current interest rates, citing uncertainties related to the new tariff policies and their potential impact on inflation and employment. Analysts warn of the risk of stagflation — a combination of stagnant economic growth and high inflation—especially as the effects of the tariffs become more pronounced.
Looking ahead, high-level trade discussions between U.S. and Chinese officials are scheduled, aiming to address ongoing tensions and possibly adjust existing tariffs. Investors are closely monitoring these developments, as outcomes could significantly influence market dynamics and economic forecasts in the coming months.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.

The Bulls
<a href="https://www.benzinga.com/25/05/45259042/ibm-thinks-big-ai-delivers-bigger-why-bulls-are-charging-toward-300">"IBM Thinks Big, AI Delivers Bigger – Why Bulls Are Charging Toward $300"</a>, by Surbhi Jain, reports that International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) shares have climbed 48% over the past year and 13% year-to-date, driven by strong technical indicators and a bullish AI strategy, prompting Wedbush analyst Dan Ives to reiterate an Outperform rating with a $300 price target.
<a href="https://www.benzinga.com/25/05/45295534/novavax-reports-q1-profit-as-revenue-surges-to-over-600-million-and-lower-costs-raises-2025-forecasts">"Novavax reports Q1 profit as revenue surges to over $600 million and lower costs, raises 2025 forecasts"</a>, by Vandana Singh, reports that Novavax Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) posted a Q1 profit of $2.93 per share on $667 million in revenue — driven by $603 million from terminated advance purchase agreements — while raising its 2025 revenue forecast to $975 million-$1.025 billion and noting ongoing discussions with the FDA for full approval of its COVID-19 vaccine.
<a href="https://www.benzinga.com/25/05/45297555/hims-hers-stocks-100-surge-is-squeezing-shorts-and-it-might-just-be-getting-started">"Hims &amp; Hers stock's 100% surge is squeezing shorts—and it might just be getting started"</a>, by Surbhi Jain, reports that Hims &amp; Hers Health Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) shares have doubled over the past month, fueled by strong Q1 earnings, a partnership with Novo Nordisk to offer Wegovy, and a high short interest of 33% of float, suggesting a classic short squeeze may be underway.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/government/regulations/25/05/45298562/chipmakers-enter-bullish-seasonal-window-5-stocks-that-could-outperform">Chipmakers Enter Bullish Seasonal Window: 5 Stocks That Could Outperform</a>
<a href="https://www.benzinga.com/25/05/45291509/nvidia-broadcom-amd-surge-as-trump-reshapes-ai-chip-export-rules-to-ease-market-pressure">Nvidia, Broadcom, AMD Gain As Trump Reshapes AI Chip Export Rules To Ease Market Pressure</a>
<a href="https://www.benzinga.com/news/earnings/25/05/45268589/sunrun-stock-rallies-after-strong-q1-report-details">Sunrun Stock Rallies After Strong Q1 Report: Details</a>

The Bears
<a href="https://www.benzinga.com/news/earnings/25/05/45268429/arm-holdings-stock-plunges-after-q4-results-heres-why">"Arm Holdings Stock Plunges After Q4 Results: Here's Why"</a>, by Erica Kollmann, reports that Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) shares fell nearly 9% after the company beat Q4 expectations with $1.24 billion in revenue and $0.55 EPS but issued weaker-than-expected guidance for fiscal 2026, citing uncertainty in licensing deals and global trade tensions.
<a href="https://www.benzinga.com/25/05/45272331/super-micro-slides-as-ai-server-delays-nvidia-supply-limits-weigh-on-analyst-ratings">"Super Micro slides as AI server delays, Nvidia supply limits weigh on analyst ratings"</a>, by Anusuya Lahiri, reports that Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares fell 5% after the company missed Q3 revenue and EPS expectations and issued a cautious Q4 outlook, attributing delays to customers awaiting NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Blackwell GPUs and facing supply constraints, leading analysts to lower forecasts amid concerns over AI server demand and margin pressures.
<a href="https://www.benzinga.com/25/05/45261806/sarepta-therapeutics-stock-sinks-on-gloomy-forecast-analysts-cut-price-forecasts">"Sarepta Therapeutics stock sinks on gloomy forecast, analysts cut price forecasts"</a>, by Vandana Singh, reports that Sarepta Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>) shares fell after the company posted a deeper-than-expected Q1 loss and cut its 2025 forecast due to Elevidys rollout delays, despite beating revenue estimates.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/news/earnings/25/05/45239188/arista-networks-shares-fall-after-mixed-q1-results-eps-beat-revenues-miss-q2-guidance-below-estimates">Arista Networks Shares Fall After Mixed Q1 Results: EPS Beat, Revenues Miss, Q2 Guidance Below Estimates</a>
<a href="https://www.benzinga.com/news/earnings/25/05/45270996/cleveland-cliffs-stock-falls-on-q1-earnings-miss-steelmaker-idles-6-facilities-taking-decisive-action-to-streamline-our-operations">Cleveland-Cliffs Stock Falls On Q1 Earnings Miss, Steelmaker Idles 6 Facilities: ‘Taking Decisive Action To Streamline Our Operations'</a>
<a href="https://www.benzinga.com/news/earnings/25/05/45302422/coinbase-q1-earnings-highlights-revenue-eps-miss-2025">Coinbase Slips On Q1 Miss, Highlights SEC ‘Win' And Strategic Bitcoin Reserve Executive Order</a>

Keep up with all the latest breaking news and trading ideas by following <a href="https://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener">Benzinga</a><a href="http://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener"> on X</a>.
Image created using artificial intelligence via Midjourney.

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Benzinga Bulls And Bears: IBM, Novavax, Arm Holdings — And UK Trade Deal Boosts Markets

The week was a whirlwind for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a series of major announcements and controversies. From Steve Jobs&#8216; resurfaced interview about the importance of hiring top-notch software engineers, to changes in iPhone release strategy, and a privacy lawsuit settlement, the tech giant was in the headlines throughout the week. Here&#8217;s a recap of the top stories.
Steve Jobs on the Importance of Hiring A-Players
In a 1995 interview that recently resurfaced, the late Jobs, then chief of NeXT Computer, emphasized the significance of hiring only the best software engineers. Jobs stated that the difference between good and great software engineers is a staggering 50-to-1. He admitted that letting go of non-performers was a painful but necessary process. 
<a href="https://www.benzinga.com/news/management/25/05/45190886/steve-jobs-warned-the-difference-between-good-and-great-software-engineers-is-50to1-admitted-firi">Read the full article here.</a>
Major Overhaul in iPhone Launch Strategy
Apple is reportedly planning a significant shift in its iPhone release strategy starting with the iPhone 18 series in 2026. According to unnamed supply chain sources, high-end models like the iPhone 18 Pro and iPhone 18 Pro Max will be released in the fall, followed by more affordable models in the spring of 2027. 
<a href="https://www.benzinga.com/media/25/05/45187563/apple-plans-major-iphone-launch-overhaul-with-biannual-release-schedule-starting-2026-report">Read the full article here.</a>
See Also: <a href="https://benzinga.com/markets/equities/25/05/45277610/apple-warns-of-hundreds-of-millions-to-billions-dollar-losses-over-epic-games-ruling-seeks-stay-" target="_blank" rel="noreferrer noopener">Apple Warns Of &#8216;Hundreds Of Millions To Billions&#8217; Dollar Losses Over Epic Games Ruling, Seeks Stay Amid App Store Shakeup</a>
Apple&#8217;s $95 Million Privacy Lawsuit Settlement
Apple users who believe Siri may have secretly recorded private conversations now have a chance to get compensated. Eligible consumers have started receiving emails titled &#8220;Lopez Voice Assistant Class Action Settlement,&#8221; informing them that they may be entitled to part of the settlement. 
<a href="https://www.benzinga.com/25/05/45188438/think-siri-spied-on-you-iphone-users-are-being-invited-to-claim-share-of-apples-95-million-privacy-lawsuit-settlement">Read the full article here.</a>
Apple&#8217;s Work Culture vs Google&#8217;s Perks
Tony Fadell, the inventor of the iPod, compared Apple&#8217;s hard-edged work culture with Google&#8217;s plush perks. He stated that at Apple, you couldn&#8217;t hide, and everyone was critical, whereas Google&#8217;s perks could smother urgency and innovation. <a href="https://www.benzinga.com/25/05/45276193/ipod-creator-tony-fadell-says-apples-hard-edged-ethic-beats-googles-20-time-culture-you-could-hide-everyone-was-critical">Read the full article here.</a>
Warren Buffett Praises Tim Cook&#8217;s Leadership
Warren Buffett, during the final Berkshire Hathaway Inc. annual shareholders meeting with him at the helm, publicly acknowledged Apple CEO Tim Cook for his significant role in shaping Berkshire&#8217;s financial performance in recent years. 
<a href="https://www.benzinga.com/25/05/45187521/buffett-tips-his-hat-to-tim-cooks-leadership-at-apple-he-has-made-berkshire-a-lot-more-money-than-ive-ever-made">Read the full article here.</a>
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<li><a href="https://benzinga.com/25/05/45316899/elon-musks-tesla-fired-this-employee-for-creating-website-that-criticized-the-billionaire-report" target="_blank" rel="noreferrer noopener">Tesla Fired This Employee For Creating Website That Criticized The Billionaire Elon Musk: Report</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

AAPL

Warren Buffett Says 'Tim Cook Has Made Berkshire A Lot More Money,' Apple's $95 Million Privacy Lawsuit Settlement And More: Top Appleverse Updates

JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon has emerged as a critical voice on President Donald Trump&#8216;s tariff policies, acknowledging legitimate concerns while cautioning against excessive measures that could isolate the U.S. economy.
What Happened: &#8220;I thought it was too large, too big and too aggressive when it started,&#8221; Dimon <a href="https://www.youtube.com/watch?v=lG0pOnTWJEY">told</a> Fox in an interview released Thursday, describing Trump&#8217;s initial tariff approach as part of a &#8220;master plan to get people to the table.&#8221;
Despite these reservations, the Wall Street veteran defended the administration&#8217;s fundamental goal. &#8220;It&#8217;s ok to say if it&#8217;s unfair [and] we want to fix it,&#8221; Dimon stated, suggesting the White House is justified in addressing perceived trade imbalances.
See Also: <a href="https://www.benzinga.com/government/regulations/25/05/45331065/the-trade-desk-ceo-slams-google-amazons-walled-gardens-imagine-what-we-can-do-in-a-fair-market">The Trade Desk CEO Slams Google, Amazon&#8217;s &#8216;Walled Gardens&#8217;: &#8216;Imagine What We Can Do In A Fair Market&#8217;</a>
Why It Matters: Dimon&#8217;s comments come amid <a href="https://www.benzinga.com/markets/25/05/45333895/gop-megadonor-ken-griffin-warns-trump-tariffs-are-terrifying-says-government-is-picking-winners-and-losers-amid-soaring-trade-deficit">escalating market concerns about tariff impacts</a>. Citadel founder Ken Griffin recently warned that the policies had &#8220;unleashed an era of crony capitalism,&#8221; while JPM itself raised recession odds to 60% from 40%, citing supply-chain disruptions. Major ports report Chinese shipments have &#8220;essentially ceased.&#8221;
The banking executive, <a href="https://www.benzinga.com/personal-finance/25/04/44968496/theyre-probably-going-to-live-to-120-jpmorgans-jamie-dimon-says-gen-z-should-stop-worrying-and-start-building-a-better-future">who earned $39 million in 2024</a>, has maintained that tariffs would likely prove only &#8220;modestly inflationary&#8221; with potential to deliver &#8220;good stuff&#8221; for the economy. 
Regarding the recent U.K.-U.S. trade agreement, Dimon welcomed progress while noting it represents just a preliminary step. &#8220;Any progress is good,&#8221; he said, also expressing satisfaction with improving relations with China, Japan and Taiwan.
When asked what advice he would offer Trump, Dimon recommended: &#8220;Keep doing what you&#8217;re doing now&#8221; on border security, while encouraging focus on immigration reform, pro-growth policies, deregulation and tax reform. On tariffs, he advised: &#8220;Just make progress now, country by country, tariff by tariff.&#8221;
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Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Economics

Jamie Dimon Says Trump's Tariffs Were 'Too Aggressive,' Warns US Risks Going It Alone Without Measured Trade Strategy

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) remains a stock to hold for the long term despite recent market volatility, with the potential to reach a $1 trillion valuation, according to Will McGough, Director of Investments at Prime Capital Financial.
What Happened: McGough maintains his buy recommendation on the artificial intelligence software company even after its shares have surged 55% this year, pushing its market cap to $281 billion, now exceeding Salesforce, which generates 10 times more revenue, <a href="https://www.cnbc.com/2025/05/09/palantir-may-grow-to-a-trillion-dollar-market-value-investor-says.html">reported</a> CNBC.
&#8220;I think you own for the ride to a trillion-dollar market cap knowing it&#8217;s going to be extremely volatile,&#8221; McGough said. 
The bullish outlook aligns with Wedbush Securities analyst Dan Ives, who recently <a href="https://www.benzinga.com/markets/equities/25/05/45216263/pltr-stock-falls-9-19-in-premarket-trading-but-this-analyst-remains-bullish-predicts-1-trillion-valuation-in-3-years">raised his price target</a> from $120 to $140 while calling Palantir &#8220;the Messi of AI&#8221; and &#8220;a core name in the AI Revolution.&#8221; Ives similarly projected a trillion-dollar valuation within three years, citing the company&#8217;s success with its AIP product and multi-million dollar deals pipeline.
See Also: <a href="https://www.benzinga.com/markets/25/05/45333895/gop-megadonor-ken-griffin-warns-trump-tariffs-are-terrifying-says-government-is-picking-winners-and-losers-amid-soaring-trade-deficit">GOP Megadonor Ken Griffin Warns Trump Tariffs Are &#8216;Terrifying,&#8217; Says Government Is Picking &#8216;Winners And Losers&#8217; Amid Soaring Trade Deficit</a>
Why It Matters: Palantir&#8217;s lofty valuation metrics remain controversial, trading at 520 times trailing earnings, almost 200 times forward earnings and 90 times revenue. The disparity has created a stark divide between institutional skeptics and retail investors who have driven the stock up over 400% in the past year.
The data analytics firm reported <a href="https://www.benzinga.com/etfs/specialty-etfs/25/05/45229767/pltr-focused-etfs-down-whats-really-behind-palantirs-plunge-the-numbers-dont-tell-the-full-story">impressive first-quarter results</a>, with revenue beating expectations at $883.86 million, up 39% year-over-year. U.S. commercial revenue specifically surged 71%, while CEO Alex Karp described a &#8220;tectonic shift&#8221; in software adoption.
Price Action: Palantir closed at $117.30 on Friday, down 1.55% for the day. In after-hours trading, the stock dipped another 0.49% to $116.72. Year to date, Palantir shares have surged 56%.
Palantir Technologies shows strong growth and momentum, but ranks low on valuation metrics, according to Benzinga Stock Edge Rankings. PLTR shares exhibit a positive price trend across both short- and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Check the detailed report here</a>.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45333766/ethereum-dogecoin-and-other-altcoins-may-erase-4-years-suffering-in-just-months-says-michael-van-de-poppe-amid-historic-bullish-divergence">Ethereum, Dogecoin And Other Altcoins May Erase &#8216;4 Years Suffering&#8217; In Just Months, Says Michael Van De Poppe Amid Historic Bullish Divergence</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

EXPE

LYFT

PLTR

PLTR Stock Remains Long-Term Buy Despite Sky-High Valuation, Says Prime Capital's McGough—Joins Dan Ives In Predicting $1 Trillion Market Cap Amid AI Surge

Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) CEO David Risher&#8216;s leadership strategy, shaped by his decade working under tech titans Bill Gates and Jeff Bezos, has propelled the ride-sharing <a href="https://www.benzinga.com/25/05/45309828/gary-black-says-lyft-is-worthy-of-increased-investment-following-q1-earnings-call">company to record performance in 2024</a>.
What Happened: Risher, who joined Lyft as CEO in 2023, credits a specific lesson from Gates that&#8217;s proven transformative: focus more on weaknesses than strengths.
&#8220;From Microsoft, I learned how to compete&#8230; From Amazon, I learned how to obsess over customers,&#8221; Risher wrote in his 2023 letter to employees. This approach has yielded impressive results, with Lyft posting record-high annual ride numbers last year.
In a March 2024 interview <a href="https://www.foxbusiness.com/lifestyle/lessons-learned-lyft-ceo-draws-industry-titans-jeff-bezos-bill-gates">with</a> Fox Business, Risher described a &#8220;revealing&#8221; moment watching Gates at a 1990s executive conference. When asked about Microsoft Excel&#8217;s future, Gates responded: &#8220;I don&#8217;t spend any of my time thinking about Excel because I know that right now we&#8217;ve got around 60% market share, and I know that&#8217;s going to go to 80 or 90&#8230; I don&#8217;t have to worry about that.&#8221;
This insight showed Risher that Gates created more value by focusing on areas needing improvement rather than successful products.
See Also: <a href="https://www.benzinga.com/markets/25/05/45333895/gop-megadonor-ken-griffin-warns-trump-tariffs-are-terrifying-says-government-is-picking-winners-and-losers-amid-soaring-trade-deficit">GOP Megadonor Ken Griffin Warns Trump Tariffs Are &#8216;Terrifying,&#8217; Says Government Is Picking &#8216;Winners And Losers&#8217; Amid Soaring Trade Deficit</a>
Why It Matters: At Lyft, Risher has applied this philosophy by personally identifying weaknesses in the company&#8217;s business model. &#8220;Every six weeks or so, I open my Lyft Driver app and hit the road,&#8221; he wrote in an April shareholder letter, noting this hands-on approach helps him understand driver experiences and customer frustrations.
Following rider complaints about surge pricing, Risher directed his team to increase driver supply and develop a feature allowing riders to lock in prices during frequent commute periods.
&#8220;By the end of 2024, we could see that these were the right investments when drivers chose us at record rates,&#8221; Risher wrote, attributing the company&#8217;s success to addressing shortcomings.
The strategy appears to be working. Lyft recently <a href="https://www.benzinga.com/25/05/45309828/gary-black-says-lyft-is-worthy-of-increased-investment-following-q1-earnings-call">reported first-quarter of 2025 earnings</a> of 1 cent per share versus an expected 1-cent loss, with rides growing 16% year-over-year to 218.4 million. The company&#8217;s board also authorized an increased share repurchase program totaling $750 million.
&#8220;I&#8217;ve never met a great leader who isn&#8217;t curious about the details,&#8221; Risher noted, emphasizing that successful leadership requires diving into troubled areas rather than avoiding them.
Price Action: Lyft stock closed at $16.65 on Friday, up 28.08% for the day. In after-hours trading, the stock inched up another 0.30% to $16.70. Year to date, Lyft shares have gained 21.98%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Lyft CEO Says He Learnt 'How To Compete' From Bill Gates And 'How To Obsess Over Customers' From Jeff Bezos —Now His Focus On Weaknesses Over Strengths Drives Record Rides, Earnings Beat, And 28% Stock Surge In Single Session

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has reportedly instructed workers on Model Y and Cybertruck production lines at its Austin factory to stay home during Memorial Day week, marking an unusually extended break as the automaker grapples with declining deliveries.
What Happened: Workers, who are paid hourly, were notified earlier this week that they could either use paid time off or report for cleaning and training duties, but wouldn&#8217;t work on production lines. Employees indicated production schedules have been increasingly inconsistent since February, with many sent home early multiple times, three employees <a href="https://www.businessinsider.com/tesla-model-y-cybertruck-workers-stay-home-memorial-day-2025-5">told</a> Business Insider.
The production pause follows Tesla&#8217;s <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44607859/teslas-deliveries-slide-in-q1-amid-production-setbacks-political-backlash">first-quarter delivery decline</a> of 13% year-over-year and comes amid mounting inventory concerns. The company produced nearly 26,000 more vehicles than it delivered in the first quarter, despite already reducing production by approximately 100,000 units compared to the previous quarter.
Tesla did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/25/05/45333895/gop-megadonor-ken-griffin-warns-trump-tariffs-are-terrifying-says-government-is-picking-winners-and-losers-amid-soaring-trade-deficit">GOP Megadonor Ken Griffin Warns Trump Tariffs Are &#8216;Terrifying,&#8217; Says Government Is Picking &#8216;Winners And Losers&#8217; Amid Soaring Trade Deficit</a>
Why It Matters: &#8220;If the ship of America goes down, Tesla will go with it,&#8221; CEO Elon Musk warned <a href="https://www.benzinga.com/news/25/05/45332420/if-the-ship-of-america-goes-down-tesla-will-go-with-it-elon-musk-says-hes-refocusing-on-tesla-after-71-profit-drop">during an April earnings call</a> after the company reported a 71% plunge in net income to $409 million. Tesla&#8217;s core automotive revenue tumbled 20% to $14 billion.
Cybertruck has faced particular challenges, with <a href="https://www.benzinga.com/markets/25/05/45216453/tesla-has-over-10000-units-of-unsold-cybertrucks-in-its-us-inventory-amid-poor-sales-report">reports suggesting over 10,000 units remain unsold</a>. The company has delivered fewer than 50,000 Cybertrucks as of March, according to a voluntary recall notice.
The company has introduced discounts on the refreshed Model Y launched in January and released a cheaper variant this week as it attempts to stimulate demand.
Price Action: Tesla&#8217;s stock closed at $298.26 on Friday, up 4.72% for the day. In after-hours trading, the stock rose slightly to $299.29, gaining an additional 0.35%. Year to date, Tesla shares are down 21.36%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>. 
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Image Via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

TSLA

Tesla Workers Told To Stay Home As Elon Musk's EV Giant Extends Memorial Day Break Following 13% Delivery Drop And Surging Inventory: Report

Citadel founder Ken Griffin is sounding the alarm on President Donald Trump&#8216;s tariff policies, warning they have &#8220;unleashed an era of crony capitalism&#8221; where the government picks &#8220;winners and losers&#8221; in the economy.
What Happened: &#8220;Tariffs open the doors to crony capitalism,&#8221; Griffin <a href="https://www.politico.com/news/2025/05/08/griffin-trump-tariffs-milken-wall-street-00335374">told</a> Politico at the Milken Institute&#8217;s Global Conference. &#8220;I thought that would play out over the course of years. It&#8217;s terrifying to watch this play out over the course of weeks.&#8221;
The hedge fund billionaire&#8217;s criticism reflects growing concerns among Wall Street executives that the escalating trade war could derail economic growth despite the administration&#8217;s promises of prosperity. His comments come as the U.S. grapples with a <a href="https://www.benzinga.com/government/regulations/25/05/45317301/5-treasury-yields-could-force-trump-to-slash-tariffs-in-q2-says-bofas-hartnett">record $140 billion trade deficit in March</a>.
Griffin, a longtime GOP megadonor, expressed particular concern about the administration&#8217;s selective exemptions for certain industries. The dollar&#8217;s recent decline, he noted, will soon weaken American consumer purchasing power.
&#8220;Whether it&#8217;s a flat-screen TV or a new laptop, your dollar is just not going to go as far,&#8221; Griffin said. &#8220;This starts unfolding in the next couple weeks.&#8221;
See Also: <a href="https://www.benzinga.com/government/regulations/25/05/45330282/fed-stays-put-trump-touts-uk-trade-deal-bitcoin-booms-past-100k-stagflation-fears-rise-this-week-in-markets">Fed Stays Put, Trump Touts UK Trade Deal, Bitcoin Booms Past $100K, Stagflation Fears Rise: This Week In Markets</a>
Why It Matters: Bank of America&#8216;s chief investment strategist Michael Hartnett predicts tariffs may be reduced this quarter, warning that Treasury yields above 5% could jeopardize the deficit-financed growth strategy. JPMorgan Chase recently raised its recession odds to 60% from 40%, <a href="https://www.benzinga.com/government/regulations/25/05/45317301/5-treasury-yields-could-force-trump-to-slash-tariffs-in-q2-says-bofas-hartnett">citing supply-chain disruptions</a>.
The impact is already being felt across sectors. Ford Motor Co. CEO Jim Farley announced tariffs could cost the automaker $1.5 billion, forcing the company to withdraw its earnings guidance. Major ports report Chinese shipments have &#8220;essentially ceased,&#8221; with retailers facing five to seven weeks of <a href="https://www.benzinga.com/tech/25/05/45217767/ford-ceo-jim-farley-says-trumps-tariffs-could-cost-ford-1-5-billion-pulls-its-earnings-guidance">inventory before shortages emerge</a>.
Despite these concerns, some Trump allies remain optimistic. Former presidential adviser Gary Cohn told Milken Conference attendees, &#8220;We&#8217;ve lived through depressions. We&#8217;ve lived through recessions&#8230; Every time, when we thought it was really bad, it got a lot better.&#8221;
For Griffin, who has previously criticized Trump, the risk is clear: &#8220;We all want to see the president succeed&#8230; There&#8217;s that fine line between constructive criticism and just being toxic.&#8221;
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