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RYAN SPECIALTY HOLDINGS INC

Ryan Specialty Hldgs

Ryan Specialty Holdings Inc is a service provider of specialty products and solutions for insurance brokers, agents, and carriers. It provides distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.

Ryan Specialty Holdings, Inc. Class A Common Stock

Ryan Specialty Holdings Inc

Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares

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RYANAIR HLDGS PLC ORD NEW by Ryanair Holdings Plc

On Tuesday, at Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google I/O 2025, Sergey Brin admitted his past <a href="https://www.benzinga.com/news/23/03/31376205/what-went-wrong-with-google-glass-enterprise-inside-look-at-the-discontinued-ar-project">missteps with Google Glass</a>.
What Happened: During a surprise interview, Brin said that he "made a lot of mistakes with Google Glass," adding that he didn't know much about the consumer electronics supply chains or the difficulties involved in building smart glasses at a reasonable price point, <a href="https://techcrunch.com/2025/05/20/googles-sergey-brin-i-made-a-lot-of-mistakes-with-google-glass/">reported</a> TechCrunch.
Brin then said he is glad that the Sundar Pichai-led company is pursuing the product innovation again with "great partners who are helping us build this."
The Google co-founder also revealed that he's come out of retirement to actively work on Gemini efforts and has been helping the team with multiple projects, including the Veo 3 <a href="https://www.benzinga.com/24/12/42307366/googles-veo-video-generator-arrives-on-cloud-how-quora-and-mondelez-are-using-ai-for-creative-content">video model</a>.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/05/45486639/sundar-pichai-reveals-google-parent-once-super-intensely-debated-about-buying-netflix-in-a-world-of-butterfly-effects" target="_blank" rel="noreferrer noopener">Sundar Pichai Reveals Google-Parent Once Super Intensely Debated About Buying Netflix: ‘In A World Of Butterfly Effects…'</a>
"Anybody who's a computer scientist should not be retired right now," he stated, adding, "They should be working on AI."
Why It's Important: Google is now working with partners like Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) and Xreal Inc. and has decided to invest up to $150 million in eyewear brand Warby Parker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRBY#NYSE">WRBY</a>).
Earlier on Tuesday, <a href="https://www.benzinga.com/markets/25/05/45509746/google-i-o-2025-a-big-deal-says-gene-munster-sundar-pichais-alphabet-has-no-choice-but-to-disrupt-itself-before-someone-else-does">at the I/O event</a>, Google and Xreal also unveiled Project Aura — the first eyewear to run Android XR. The Pichai-led company also said that it is partnering with Samsung on a separate smart glasses project and plans to release reference hardware later this year, <a href="https://www.bloomberg.com/news/articles/2025-05-20/xreal-and-google-debut-project-aura-ar-glasses-to-rival-meta-s-orion-glasses?srnd=undefined&amp;sref=9hGJlFio">reported</a> Bloomberg.
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Xreal CEO Chi Xu said in an interview that Samsung's device is Google&#8217;s answer to Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Vision Pro. Similarly, Xreal's Android XR glasses aim to compete with Meta Platforms, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) <a href="https://www.benzinga.com/news/24/09/41084112/mark-zuckerberg-says-orion-is-probably-going-to-be-the-next-major-platform-after-phones-metas-new-ar">augmented reality glasses</a>.&nbsp;
Project Aura glasses are expected to launch between late 2025 and early 2026 and will be priced significantly lower than competitors like Meta and Samsung, likely under $600, the report noted, citing Xu.
Price Action: Alphabet Inc.'s Class A shares fell by 1.54% on Tuesday, with Class C shares down 1.52%. Apple shares slipped 0.92%, while Meta declined 0.52% during the same session, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Per Benzinga Edge Stock Rankings, Alphabet has a growth score of 66.81%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares to other companies</a> like Apple and Meta.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20234830/Screenshot-2025-05-21-at-9.18.24%E2%80%AFAM.png" alt="" class="wp-image-922112" /></a></figure>
Photo Courtesy: Hattanas On Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Sergey Brin Comes Out Of Retirement To Work On Gemini, Admits He Made A 'Lot Of Mistakes' With Google Glass As Alphabet Ramps Up To Compete With Meta And Apple

America's full retirement age (FRA) for claiming 100 percent of Social Security rises to 67 in 2025, capping a four-decade phase-in that permanently trims checks for anyone filing earlier and rewards those who delay until 70.
Workers who understand the new timetable and the penalties for jumping the gun can still lock in higher benefits despite warnings that the system's main trust fund could run short by 2033.
<h3 class="wp-block-heading">Why FRA Hit 67</h3>
The two-year age hike was baked into the Social Security Amendments of 1983, signed by President Ronald Reagan to shore up a program now paying nearly 74 million Americans. Beginning next year, every new retiree born in 1960 or later must reach 67 to collect an unreduced benefit. Those born in 1959 reach their FRA — 66 years, 10 months — in November.
<h3 class="wp-block-heading">The Cost Of Claiming Early</h3>
You can still file at 62, but doing so slashes the monthly check by up to 30 percent. You get lower benefits if you claim before that retirement age. Every month you claim early, you get a reduction. Wait until 70 and delayed-retirement credits lift payments roughly 8 percent a year, pushing the maximum 2025 benefit above $5,100.
See also: <a href="https://www.benzinga.com/25/05/45514426/spain-cracks-down-on-airbnb-asks-to-remove-over-65000-listings-amid-housing-crisis-no-more-excuses-enough-with-protecting-those">Spain Cracks Down On Airbnb, Asks To Remove Over 65,000 Listings Amid Housing Crisis: &#8216;No More Excuses. Enough With Protecting Those&#8230;&#8217;</a>
<h3 class="wp-block-heading">Medicare Still Turns On At 65</h3>
Turning 65 remains pivotal because it opens the Medicare door, a milestone that "is in many ways more important than the full retirement age," says Gal Wettstein of Boston College's Center for Retirement Research <a href="https://www.usatoday.com/story/money/2024/12/18/social-security-2025-retirement-age-benefits/77067663007/">tells</a> USA Today. Retirees who claim Social Security early yet exit the workforce before 65 must budget for private coverage until Medicare starts.
<h3 class="wp-block-heading">Planning Beyond 2025</h3>
Delaying even a few months can recoup thousands over a lifetime, advisors note, and online calculators at SSA.gov let users test break-even ages. Policymakers warn time is short: the OASI trust fund is projected to pay full benefits <a href="https://www.benzinga.com/personal-finance/24/09/40817544/report-warns-of-16-500-annual-social-security-benefit-cut-for-dual-income-couples-by-2033">only through 2033</a>, after which incoming taxes would cover 79 percent, making personal savings and <a href="https://www.benzinga.com/25/05/45298194/interested-in-the-new-super-funding-401k-opportunity-heres-how-to-know-if-you-qualify">401(k) catch-ups</a> more critical.
Read next: <a href="https://www.benzinga.com/tech/25/05/45513883/larry-ellison-once-said-to-be-the-next-steve-jobs-you-need-that-obsessive-compulsive-personality-combined-with-picassos-aesthetic-and-edisons-inventiveness">Larry Ellison Once Said, To Be &#8216;The Next Steve Jobs,&#8217; You Need &#8216;That Obsessive Compulsive Personality&#8217; Combined With &#8216;Picasso&#8217;s Aesthetic and Edison&#8217;s Inventiveness&#8217;</a>

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Social Security Full Retirement Age Shift Could See Your Check Chopped By 30% — What Everyone Born In 1960 Or Later Must Know

China has threatened legal action against any individual or organization assisting with or implementing U.S. semiconductor restrictions, escalating tensions in the ongoing tech rivalry between the world&#8217;s two largest economies.
What Happened: China&#8217;s commerce ministry said there could be &#8220;corresponding legal liabilities&#8221; for those involved in U.S. measures it characterized as &#8220;discriminatory restrictive measures&#8221; against Chinese firms, Reuters reported. 
The warning comes after the U.S. published guidance last week cautioning companies against using Ascend AI chips from Huawei Technologies.
The dispute highlights growing friction as both nations compete for dominance in advanced technology. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang recently criticized U.S. chip export controls as &#8220;exactly wrong for America,&#8221; revealing his company wrote off $5.5 billion in inventory and lost <a href="https://www.benzinga.com/25/05/45513246/nvidia-ceo-jensen-huang-says-chinese-ai-researchers-are-world-class-and-us-companies-are-hiring-a-whole-bunch-of-them">approximately $15 billion in sales</a> due to these restrictions.
&#8220;China&#8217;s doing fantastic, 50% of the world&#8217;s AI researchers are Chinese and you&#8217;re not going to hold them back,&#8221; Huang said at Computex 2025, arguing American companies should be allowed to compete in China to &#8220;offset the trade deficit.&#8221;
See Also: <a href="https://www.benzinga.com/general/space/25/05/45532125/l3harris-stock-moves-higher-after-being-named-in-golden-dome-missile-defense-system">L3Harris Stock Moves Higher After Being Named In &#8216;Golden Dome&#8217; Missile Defense System</a>
Why It Matters: The technology standoff has intensified since April, when China imposed retaliatory tariffs up to 125% on U.S.-made chips, while <a href="https://www.benzinga.com/25/04/44770461/intel-on-slump-as-china-hits-us-made-chips-with-tariffs-amd-and-taiwan-semiconductor-rise-on-exemption-boost">exempting Taiwan-manufactured semiconductor</a>s. This policy benefits companies like Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) that outsource to Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), while potentially harming U.S.-based fabricators like Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) co-founder Bill Gates recently noted that export bans have <a href="https://www.benzinga.com/news/25/05/45342962/bill-gates-slams-trumps-tariffs-we-told-china-to-make-their-own-chips-and-theyre-making-great-progress-warns-its-a-bad-time-to-inte">only accelerated China&#8217;s self-reliance efforts</a>. &#8220;We made clear to them that they needed to make their own chips, and they&#8217;re making great progress on doing that,&#8221; Gates told CNN.
China&#8217;s ministry urged the U.S. to &#8220;abide by international economic and trade rules&#8221; and respect other countries&#8217; technological development rights.
Image Via Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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China Warns Of Legal Retaliation Against US Chip Sanctions, Threatens Lawsuits For Aiding 'Discriminatory' Tech Crackdown

Leading cryptocurrencies moved sideways on Tuesday as investors waited for Bitcoin&#8217;s breakout to new highs.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+0.61%</td>
<td>$106,779.14</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+0.17%</td>
<td>$2,534.18</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+0.18%</td>
<td>$0.2263</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin tapped $107,000 late evening before pulling back slightly to the $106,000 region. The apex cryptocurrency was just 2.51% shy of its all-time high of $109,114.88.
Ethereum dipped to $2,440 in the early morning but recouped the losses overnight.
May has been a success for these blue-chip currencies. While Bitcoin increased by more than 14% this month, Ethereum rebounded with a 40% gain following months of decline.
Over $212 million in upside bets were liquidated from the cryptocurrency market in the last 24 hours, while $90 million in shorts were erased.
About $557 million in Bitcoin shorts could be liquidated if the apex cryptocurrency rallies to $109,000.
Bitcoin&#8217;s Open Interest increased by 1.87% in the last 24 hours and by more than 10% in the last week to $74.48 billion, suggesting that fresh money was being injected into derivatives.
The market maintained the "Greed" sentiment, according to the Crypto Fear and Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 10:30 p.m. ET)</td>
</tr>
<tr>
<td>Official Trump (TRUMP)</td>
<td>+10.46%</td>
<td>$14.17</td>
</tr>
<tr>
<td>FARTCOIN (Fartcoin)</td>
<td>+7.18%</td>
<td>$0.7403</td>
</tr>
<tr>
<td>Curve DAO Token (CRV)</td>
<td>+4.64%</td>
<td>$0.7165</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.37 trillion, following a marginal increase of 0.44% in the last 24 hours.
Stocks retraced on Tuesday. The Dow Jones Industrial Average slid 114.83 points, or 0.27%, to end at 42,677.24. The S&amp;P 500 snapped its six-day winning streak, closing 0.39% lower at 5,940.46. The tech-heavy Nasdaq Composite dipped 0.38% to end at 19,142.71.
Major averages have rallied substantially over the last six weeks, with the S&amp;P 500 recovering 19.22% from its April lows.&nbsp;
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: On-chain analytics firm Santiment drew attention to the surge in capital inflows into Bitcoin exchange-traded funds lately.
"Over the past 5 weeks, there has been a net inflow of $6.63 billion across BTC ETFs. This is historically a bullish sign for future price movement," Santiment added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f4c8; Bitcoin ETF&#39;s are seeing massive inflows, a trend that began in mid-April. Over the past 5 weeks, there has been a net inflow of $6.63B across <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> ETF&#39;s. This is historically a bullish sign for future price movement.<a href="https://twitter.com/santimentfeed?ref_src=twsrc%5Etfw">@santimentfeed</a> ETF Dashboard &#x1f449; <a href="https://t.co/4xSKM9RmAg">https://t.co/4xSKM9RmAg</a> <a href="https://t.co/V4EXRoHG96">pic.twitter.com/V4EXRoHG96</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1924857440475959736?ref_src=twsrc%5Etfw">May 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Cryptocurrency analyst and investor Reed Carson anticipated a "big move" after analyzing Bitcoin's 4-hour chart.
"Since April bottom, BTC has formed ascending channel and each time a breakout has happened to the upside," Carson stated. "First breakout pumped BTC above $93,000, the second breakout pumped BTC to $105,000 and the upcoming one will send BTC above its previous ATH."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> 4-hr candle is clearly telling the next big move. And it&#39;ll be to the upside. Since April bottom, BTC has formed ascending channel and each time a breakout has happened to the upside. First breakout pumped BTC above $93K, second breakout pumped BTC $105K and the upcoming… <a href="https://t.co/BMvDnvxmC0">pic.twitter.com/BMvDnvxmC0</a>
&mdash; Reed Carson (@reed_carss) <a href="https://twitter.com/reed_carss/status/1924896656337862664?ref_src=twsrc%5Etfw">May 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: Igor Faun On Shutterstock.com
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Bitcoin Taps $107,000 Again, Ethereum, Dogecoin Flat: Analyst Says 'Massive' ETF Inflows A Bullish Sign For Future BTC Price Movement

Silicon carbide component manufacturer&nbsp;Wolfspeed Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) is preparing to file for&nbsp;prepackaged Chapter 11 bankruptcy protection in the coming weeks.
What Happened: Facing mounting debt and failed out-of-court restructuring talks with key creditors, the company is reportedly pursuing bankruptcy options, according to a <a href="https://www.wsj.com/articles/wolfspeed-prepares-to-file-for-bankruptcy-within-weeks-7bd98040">report</a> from the Wall Street Journal on Tuesday, citing sources familiar with the matter.
The company, which was expected to benefit from U.S. government efforts to expand domestic semiconductor production through the 2022 CHIPS Act, has struggled to address its $6.5 billion debt, including a $575 million balloon payment due in May 2026.
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45532892/legendary-investor-jeremy-grantham-warns-of-50-stock-market-crash">Legendary Investor Jeremy Grantham Warns Of 50% Stock Market Crash</a>
Wolfspeed is aiming for a bankruptcy plan that would have the support of the majority of its creditors. This comes after rejecting a debtholder restructuring deal in March, following pushback from Apollo Global Management LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>). 
The deal involved converting some of its convertible debt holdings and loans into equity, which would have diluted Apollo&#8217;s position.
Apollo, which owns $1.5 billion of Wolfspeed&#8217;s debt, sits on top of the company&#8217;s credit stack and has the right to approve any new secured financing deal. It also has a make-whole provision in its agreement, which essentially shields the PE firm from losses in the event of a bankruptcy, according <a href="https://www.sec.gov/Archives/edgar/data/895419/000119312523174504/d462549d8k.htm">to</a> Wolfspeed&#8217;s SEC filings. 
Wolfspeed had previously said it was exploring restructuring or bankruptcy options after difficulties refinancing its debt threatened its ability to access up to $750 million in taxpayer funds through the CHIPS Act. That funding was contingent on the successful refinancing of convertible notes maturing in 2026, 2028, and 2029.
Both Wolfspeed and Apollo have yet to respond to Benzinga&#8217;s requests for a comment on this matter. The story will be updated once we hear back.
Why It Matters: During its <a href="https://www.benzinga.com/news/earnings/25/05/45303071/wolfspeed-stock-slides-after-q3-revenues-miss-estimates-heres-what-to-know">third quarter results</a> two weeks ago, Wolfspeed outlined plans to strengthen its capital structure and improve its path to profitability.
The company recently hired an ex-Micron executive, Robert Feurle, as <a href="https://www.benzinga.com/25/03/44515658/wolfspeed-names-ex-micron-exec-feurle-as-ceo-to-revive-struggling-chipmaker">its new CEO</a>, who comes with several decades of semiconductor experience, to help in its turnaround efforts.
Price Action: Wolfspeed&#8217;s shares were down 10.32% on Tuesday, ending the day at $3.13 per share, and are down 60.38% after hours. The stock is down 52.79% year-to-date.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="131" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20224506/Screenshot-2025-05-21-at-8.14.53-AM-1024x131.png" alt="" class="wp-image-922075" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20224506/Screenshot-2025-05-21-at-8.14.53-AM-1024x131.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20224506/Screenshot-2025-05-21-at-8.14.53-AM-300x38.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20224506/Screenshot-2025-05-21-at-8.14.53-AM-768x98.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20224506/Screenshot-2025-05-21-at-8.14.53-AM-1536x197.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20224506/Screenshot-2025-05-21-at-8.14.53-AM.png 1594w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The stock fares poorly in Benzinga&#8217;s Edge Stock Rankings with low scores across the board, and an unfavorable price trend in the short, medium, and long term. You can find deeper insights on the stock <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>.
Photo Courtesy: T. Schneider on Shutterstock.com
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WOLF

Wolfspeed Reportedly Prepping Bankruptcy Filing After Snubbing Debt Deals, Buckling Under $6.5 Billion Burden—Stock Plunges Over 60%

On Tuesday, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk found himself in a heated discussion with CNBC's David Faber regarding his involvement in federal spending cuts under President Donald Trump&#8217;s administration.
What Happened: The conversation, part of CNBC&#8217;s &#8220;Power Lunch,&#8221; initially centered on Tesla and autonomous vehicles but soon shifted to Musk&#8217;s role with the Department of Government Efficiency, <a href="https://thehill.com/policy/technology/5310122-elon-musk-tensions-cnbc-interview/">reported</a> The Hill.
Faber questioned Musk about the tangible impact of DOGE&#8217;s cost-cutting efforts, highlighting the criticism Musk has faced.
Musk responded, &#8220;We are advisers. We are not—we're not kings here.&#8221;
See Also: <a href="https://www.benzinga.com/tech/25/05/45510245/elon-musk-was-once-a-microsoft-intern-now-his-company-is-bringing-grok-to-azure-incredibly-important-for-ai-to-be-grounded-in-reality-xai-ceo-tells-satya-nadella">Elon Musk Was Once A Microsoft Intern — Now His Company Is Bringing Grok To Azure: &#8216;Incredibly Important For AI To Be Grounded In Reality,&#8217; xAI CEO Tells Satya Nadella</a>
The tech mogul then interrupted Faber, saying, &#8220;So why are you attacking this? Given that we've made so much progress?&#8221;
Faber then said that he was simply asking questions, not attacking. The exchange began when Faber mentioned Musk&#8217;s initial goal of cutting $1 trillion in federal spending, which Musk admitted was not immediately feasible, the report said.
Musk said that DOGE has managed to cut nearly $160 billion in spending, though Faber noted discrepancies in reported figures. Musk explained the methodology behind the numbers, while Faber suggested alternative budget strategies.
Why It Matters: Musk&#8217;s involvement with DOGE has been a topic of debate since his appointment. Despite efforts to cut costs, <a href="https://www.benzinga.com/25/04/44778750/musks-government-efficiency-push-falls-short-as-treasury-data-shows-spending-up-sharply-under-trumps-second-term-report">federal spending has reportedly increased</a> by $154 billion since President Trump&#8217;s return to office, according to Treasury data.
Earlier this month, Musk shared mixed sentiments about his first 100 days in office, noting some progress within the DOGE while also <a href="https://benzinga.com/markets/25/05/45163408/doge-not-as-effective-as-id-like-says-elon-musk-calls-reform-really-difficult-like-changing-direction-of-a-fleet-of-supertankers">recognizing its limitations</a>. &#8220;We haven't been as effective as I'd like.&#8221;
Last month, during <a href="https://www.benzinga.com/news/earnings/25/04/44937440/tesla-q1-misses-estimates-as-tariff-pressures-weigh-on-outlook-lower-cost-evs-still-on-track">Tesla's first quarter earnings</a> call, Musk announced <a href="https://www.benzinga.com/25/05/45381782/elon-musk-vows-to-spend-less-time-in-white-house-doge-office-investors-warn-the-damage-is-done-and-teslas-troubles-are-far-from-over">plans to reduce his time at DOGE</a>. This decision comes amid investor concerns that his political role has distracted from Tesla&#8217;s core operations.
Price Action: Tesla shares edged up 0.51% on Tuesday, ending the session at $343.82. The stock saw a marginal after-hours gain of 0.015%, based on <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
According to Benzinga Edge Stock Rankings, Tesla holds a growth score of 45.44%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare it with other leading stocks</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="438" height="277" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20223429/Screenshot-2025-05-21-at-11.34.05.png" alt="" class="wp-image-922066" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20223429/Screenshot-2025-05-21-at-11.34.05.png 438w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20223429/Screenshot-2025-05-21-at-11.34.05-300x190.png 300w" sizes="(max-width: 438px) 100vw, 438px" /></a></figure>
Shutterstock/Joshua Sukoff
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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.

Government

TSLA

Elon Musk Just Got Grilled On DOGE Spending,  Hits Back With 'We're Not Kings Here'

U.S. stock markets experienced a downturn today, with the Nasdaq dropping over 75 points or nearly 0.4% to 19,142.71. The Dow Jones Industrial Average decreased by 0.27% to 42,677.24, while the S&amp;P 500 fell by 0.39% to 5,940.46.
Despite the overall market decline, these stocks captured the spotlight among retail traders and investors throughout the day.
Toll Brothers Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) saw a decline of 1.45%, closing at $104.51. The stock reached an intraday high of $106.27 and a low of $103.62, with a 52-week range of $86.67 to $169.52. In the after-hours trading, the shares shot up nearly 5.1% to $109.81. The homebuilder reported <a href="https://www.benzinga.com/news/earnings/25/05/45531911/toll-brothers-shares-are-up-after-strong-q2-results-eps-beat-revenues-beat">strong second-quarter results</a>, with earnings per share of $3.50, surpassing the consensus estimate of $2.92. Revenue also exceeded expectations, coming in at $2.71 billion compared to the anticipated $2.48 billion.
D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) surged 25.93%, closing at $16.56. The stock hit an intraday high of $17.59 and a low of $14.60, with a 52-week range of $0.75 to $17.59. The quantum computing company announced the release of its <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45518005/d-wave-quantum-stock-is-surging-tuesday-heres-why">advanced Advantage2 system</a>, designed for real-world applications in optimization and AI. This announcement drove significant investor interest.
See Also:&nbsp;<a href="https://benzinga.com/25/05/45511553/elizabeth-warren-slams-republicans-for-dead-of-night-voting-strategy-on-trumps-big-beautiful-billwhy-hide" target="_blank" rel="noreferrer noopener">Elizabeth Warren Slams Republicans For &#8216;Dead Of Night&#8217; Voting Strategy On Trump&#8217;s &#8216;Big, Beautiful Bill&#8217;—&#8217;Why Hide?&#8217;</a>
Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) edged up 0.09%, closing at $194.48. The stock&#8217;s intraday high was $194.93, with a low of $192.66, and a 52-week range of $142.01 to $208.39. The cybersecurity firm reported <a href="https://www.benzinga.com/news/earnings/25/05/45530408/palo-alto-reports-q3-earnings-raises-fy25-guidance-shares-slide">third-quarter revenue</a> of $2.29 billion, slightly above the consensus estimate of $2.28 billion. Adjusted earnings per share were 80 cents, beating the expected 77 cents.
Warby Parker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRBY#NYSE">WRBY</a>) jumped 15.63%, closing at $20.34. The stock reached an intraday high of $22.15 and a low of $17.39, with a 52-week range of $12.46 to $28.68. The eyewear company announced a <a href="https://www.benzinga.com/news/25/05/45528349/warby-parker-wrby-stock-explodes-on-google-partnership-whats-going-on">strategic partnership</a> with Google, involving up to $150 million in support for AI-powered smart glasses development. This collaboration sparked investor excitement.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose 0.51%, closing at $343.82. The stock&#8217;s intraday high was $354.99, with a low of $341.63, and a 52-week range of $167.42 to $488.54. CEO Elon Musk reaffirmed his commitment to leading the company, providing stability amid recent challenges. He also noted that Tesla has &#8220;already turned around&#8221; following a difficult first quarter. For more insights, view the <a href="https://www.benzinga.com/news/25/05/45519469/tesla-stock-rises-after-musk-reaffirms-leadership-and-business-rebound">full article</a>.
Benzinga Edge Stock Rankings indicate that the trending stock TOL has a strong price trend in the short term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Find out how it compares on other metrics</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="448" height="278" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20222131/Screenshot-2025-05-21-at-11.21.08.png" alt="" class="wp-image-922063" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20222131/Screenshot-2025-05-21-at-11.21.08.png 448w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20222131/Screenshot-2025-05-21-at-11.21.08-300x186.png 300w" sizes="(max-width: 448px) 100vw, 448px" /></a></figure>
Photo Courtesy: Phongphan On Shutterstock.com
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

PANW

QBTS

Toll Brothers, D-Wave Quantum, Palo Alto Networks, Warby Parker, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Businessman and television personality Kevin O&#8217;Leary deemed Sen.&nbsp;Elizabeth Warren&#8217;s&nbsp;(D-Mass.) opposition to the stablecoin legislation &#8220;un-American&#8221; on Tuesday.
What Happened:&nbsp;O&#8217;Leary&nbsp;took to X to express his disagreement with&nbsp;the Democratic lawmaker&nbsp;over the GENIUS Act that aims to establish the first U.S. regulatory framework for issuers of stablecoins.
The &#8220;Shark&#8221; dismissed Warren&#8217;s criticism of the bill as a &#8220;Trump product,&#8221; arguing that it is crucial for&nbsp;the future of U.S. financial&nbsp;dominance.
&#8220;This bill has nothing to do with Trump. This is about a digital payment system that establishes the U.S. dollar as the default currency around the world for price discovery on every commodity on earth,&#8221; O&#8217;Leary&nbsp;said.
He accused Warren of taking an &#8220;un-American&#8221; position and one that could lead to other fiat currencies challenging the dollar&#8217;s dominance.
&#8220;She's confusing politics with progress, and this time, it could cost America dearly,&#8221; O&#8217;Leary&nbsp;added. &#8220;That's not just wrong. It's dangerous.
Warren&#8217;s office didn&#8217;t immediately return Benzinga&#8217;s request for comment.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Elizabeth Warren is at it again&#8230; She's confusing politics with progress, and this time, it could cost America dearly. Her latest rant? She's calling stablecoin legislation a &quot;Trump product.&quot; That's not just wrong. It's dangerous. This bill has nothing to do with Trump or meme… <a href="https://t.co/rZmlNBXL18">pic.twitter.com/rZmlNBXL18</a>
&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href="https://twitter.com/kevinolearytv/status/1924629991754760310?ref_src=twsrc%5Etfw">May 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45527096/bitcoin-whale-trader-up-over-20-million-in-unrealized-gains-on-700-million-btc-pepe-positions" target="_blank" rel="noreferrer noopener">Bitcoin Whale Trader Up Over $20 Million In Unrealized Gains On $700 Million BTC, Pepe Positions</a>
Warren had previously urged Congress to vote against the bill, citing concerns that it would enable President Donald Trump&#8217;s &#8220;crypto corruption&#8221; and threaten
Why It Matters: Warren had <a href="https://www.benzinga.com/25/05/45509721/elizabeth-warren-urges-congress-to-vote-against-genius-act-citing-potential-for-trumps-corruptionanthony-scaramucci-warns-democrats-against-political-suicide">urged Congress to vote</a> against the bill, citing concerns that it would enable Trump&#8217;s &#8220;crypto corruption,&#8221; threaten national security and give criminals easy access to money.
The bone of contention is the Trump family-backed&nbsp;USD1, currently available on Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and BNB Chain (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>). The stablecoin <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45160707/eric-trump-says-world-libertys-stablecoin-will-be-used-to-close-a-2-billion-deal-dollar-token-to-also-get-integrated-with-justin-suns-tron-blockchain">was chosen to close</a> a $2 billion deal between Abu Dhabi investment firm MGX and cryptocurrency exchange Binance.
Despite Warren&#8217;s opposition, the <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45510057/senate-crypto-bill-passes-key-vote-genius-act-moves-toward-final-passage">Senate voted in favor of advancing the GENIUS Act</a> on Monday, paving the way for the bill&#8217;s final passage.
Photo Courtesy: Sheila Fitzgerald On Shutterstock.com
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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.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Politics

$BNB

Mr Wonderful Kevin O' Leary Says Elizabeth Warren Taking An 'Un American' Position By Challenging Crypto Law: 'Bill Has Nothing To Do With Trump'

The Securities and Exchange Commission leveled fraud charges against cryptocurrency firm Unicoin and its top three executives Tuesday for misleading investors and raising over $100 million in the process.
What Happened: The SEC stated in a press release that Unicoin and&nbsp;its CEO and Board Chairman&nbsp;Alex Konanykhin&nbsp;lured investors with false promises. The company had claimed that its tokens were backed by valuable real estate assets. However, the SEC alleges that these assets were significantly less valuable than Unicoin had stated.
Mark Cave, Associate Director in&nbsp;the SEC's Division of Enforcement, stated, &#8220;the majority of the company's&nbsp;sales of rights certificates were&nbsp;illusory.&#8221; In addition to this, Unicoin and Konanykhin are accused of violating&nbsp;federal securities laws by engaging&nbsp;in unregistered offers and sales&nbsp;of rights certificates.
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Photo Courtesy: alfernec 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.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Crypto Company Unicoin, Executives Face SEC Fraud Charges Over Deceptive Claims

On Tuesday, Cathie Wood-led Ark Invest made notable trades, prominently acquiring shares of Taiwan Semiconductor Manufacturing Co. Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>). This strategic move involved significant purchases across multiple Ark ETFs, reflecting a strong belief in TSMC&#8217;s future potential.
The TSM Trade: Ark Invest&#8217;s acquisition of TSMC shares on Tuesday was substantial, with the ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) purchasing 27,099 shares and the ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>) acquiring 16,172 shares. On Tuesday, Taiwan Semiconductor stock was largely unmoved at $193.45. The Ark trades were valued at $8.4 million. Earlier, on Monday, Ark had <a href="https://www.benzinga.com/25/05/45509626/cathie-woods-monday-moves-ark-bets-on-nvidia-supplier-tsmc-sells-6-5-million-of-mark-zuckerbergs-meta-shares">picked up $3.83 million worth</a> of TSMC stock.
TSMC&#8217;s <a href="https://www.benzinga.com/media/25/05/45515826/taiwan-semiconductor-qualcomm-mediatek-team-up-to-power-next-gen-mobile-and-ai-chips">ongoing collaborations</a> with Qualcomm and other original design manufacturers in Taiwan further highlight its pivotal role in advancing next-generation mobile and AI chips. Qualcomm&#8217;s chief, Cristiano Amon, emphasized the importance of TSMC in their supply chain ahead of the Computex trade show. This partnership is expected to solidify TSMC&#8217;s position as a leader in the semiconductor industry.
Other Key Trades:
<ul class="wp-block-list">
<li>Sold 1,300 shares of UiPath Inc. (PATH) from the ARK Fintech Innovation ETF (ARKF).</li>
<li>Bought 84,478 shares of Nextdoor Holdings Inc (KIND) through the ARK Next Generation Internet ETF (ARKW).</li>
<li>Acquired 839 shares of Blade Air Mobility Inc (BLDE) via the ARK Space Exploration &amp; Innovation ETF (ARKX).</li>
</ul>
TSMC ranks 82nd in Momentum and also on Growth, according to Benzinga Edge Stock Rankings. For a fuller analysis of the stock, <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">click here</a>.
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Photo Courtesy: Ira Lichi On Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

ARKK

ARKW

Cathie Wood Just Spent $8.4 Million On This Top Chip Stock (And It's Not NVIDIA)

The Senate has passed a bill aimed at removing federal taxes on tips, marking a key victory for President Donald Trump and his administration&#8217;s agenda.
What Happened: The Senate approved a bill on Tuesday that aims to remove federal taxes on tips, as reported by&nbsp;<a href="https://thehill.com/homenews/senate/5310424-senate-no-tax-on-tips/">The Hill</a>. This legislative move, supported by Democrats, fulfills a key campaign promise of&nbsp;President Trump.
Sen.&nbsp;Jacky Rosen&nbsp;(D-Nev.) introduced the bill, expecting opposition. However, Sen.&nbsp;Ted Cruz&nbsp;(R-Texas) did not block it, allowing it to pass through unanimous consent. Rosen highlighted the significance of this bill for Nevada, emphasizing the financial relief it offers to hospitality and service workers facing rising costs.
Cruz praised Trump&#8217;s &#8220;political genius&#8221; in removing taxes on tips.
See Also: <a href="https://benzinga.com/25/05/45513154/trump-tariffs-triggered-price-surgeimports-hit-first-but-made-in-usa-goods-caught-in-the-crossfire-harvard-study-" target="_blank" rel="noreferrer noopener">Trump Tariffs Hit Imports For Sure, But Made In USA Purchases Also Didn&#8217;t Escape Price Rise Gauntlet, Shows Harvard Study</a>
Trump initially proposed the idea&nbsp;during a campaign stop in&nbsp;Nevada, a state with a high number of tipped workers. Cruz acknowledged the efforts of Nevada senators Rosen and&nbsp;Catherine Cortez Masto&nbsp;(D-Nev.), noting that about 25% of Nevada&#8217;s workforce depends on tips.
The bill, known as the No Tax on Tips Act, will now proceed to the House, where it is anticipated to pass one way or another either as another legislation advanced on Monday. Cruz expressed confidence that the bill will soon become law, offering a new tax deduction of up to $25,000 for tips.
Why It Matters: On Monday, a broader legislative package, dubbed by Trump as &#8220;<a href="https://www.benzinga.com/government/regulations/25/05/45506863/trumps-big-beautiful-bill-advances-heres-who-wins-and-loses">One, Big Beautiful Bill</a>, advanced in the congress. That bill seeks to extend The Tax Cuts and Jobs Act (TCJA) of 2017 and eliminate federal taxes on tips and overtime pay.
While the tax exemption on tips is seen as a boon for service workers, it could have significant fiscal implications. A report by the Committee for a Responsible Federal Budget (CRFB) suggests that the tax-free tips proposal might <a href="https://www.benzinga.com/economics/macro-economic-events/24/06/39350922/trumps-tax-free-tips-proposal-may-inflate-federal-deficit-by-up-to-250b-report">increase the federal deficit</a> by up to $250 billion over the next decade. 
This potential deficit increase is comparable to the projected revenue loss from the extension of the 2017 tax cuts for small businesses and pass-through companies, which are set to expire soon. The proposal is also viewed as a strategic move to garner support from younger voters, particularly in states like Nevada, where a significant portion of the workforce relies on tips.
Photo Courtesy: MargJohnsonVA on Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

General

Trump's No Tax On Tips Agenda Gets A Boost As Senate Approves Bill, Ted Cruz Praises President's 'Political Genius' For Backing The Idea

<ul class="wp-block-list">
<li>Morgan Stangely has estimated that generative AI revenue could surpass $1.1 trillion by 2028</li>
<li>In an effort to capitalize on that growth, tech companies like OpenAI, Meta, and Alphabet have been rushing their products to market</li>
<li>Now, tech experts are warning that in doing so these companies have been sacrificing the safety and security of their products</li>
</ul>
Tech experts are concerned that safety is taking a backseat to profit potential in AI development, <a href="https://www.cnbc.com/2025/05/14/meta-google-openai-artificial-intelligence-safety.html">CNBC</a> reports.&nbsp;&nbsp;
In the early days of AI, research was a priority for companies like Meta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>, GOOGL)), and OpenAI, but the release of ChatGPT in late 2022 changed that, according to the outlet. As the groundbreaking chatbot proved hugely popular and financially lucrative, other major companies took note and began rushing their own AI platforms to market.
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In March, <a href="https://www.morganstanley.com/insights/articles/genai-revenue-growth-and-profitability">Morgan Stanley</a> estimated that generative AI revenue could surpass $1.1 trillion by 2028, making it a huge market with lots of potential for growth. And in an effort to stay competitive, many companies are now cutting corners when it comes to the rigorous safety testing of their AI models before they are released to the public, industry experts told CNBC.
James White, chief technology officer at CalypsoAI, told CNBC that new AI models are sacrificing security for response quality, meaning they're less likely to reject malicious kinds of prompts. "The models are getting better, but they're also more likely to be good at bad stuff," said White. "It's easier to trick them to do bad stuff."
White, whose company runs safety and security audits of popular models from Meta, Google, OpenAI among others, says that this shift is readily apparent at companies like Meta and Alphabet.
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a>&nbsp;
According to insiders who spoke to CNBC, Meta has deprioritized its AI research unit, the Fundamental Artificial Intelligence Research unit, in favor of Meta GenAI. Similarly, Alphabet has lumped its research group, Google Brain, in with its DeepMind division, which leads the development of new AI products.&nbsp;
Other experts readily agree with White, telling CNBC that as employees face increasingly shortened development timelines, they are left with the idea that they can't afford to fall behind when it comes to getting new models and products to market. Under this sort of pressure, they spend less time on security and more time on proficiency.
Google's Gemini 2.5 model, which was released in March, is a perfect example of this. According to CNBC, for weeks after its release, Gemini 2.5 was missing its model card, a common tool for AI transparency that shares information about how the model works, its limitations, and any potential dangers.
See Also: The team behind $6B+ in licensing deals is now building the next billion-dollar IP empire — <a href="https://www.benzinga.com/money/elf-labs-ym?v=123">invest early at $2.25/share.</a>
In a memo obtained by CNBC a month before Gemini 2.5's release, Google co-founder Sergey Brin told DeepMind and Gemini staffers that "the final race to AGI is afoot." "We have all the ingredients to win this race but we are going to have to turbocharge our efforts," he said, noting that Google needed to speed up the process of AI testing and cut out the habit of "minor tweaking and overfitting" products.
"We can't keep building nanny products," Brin wrote. "Our products are overrun with filters and punts of various kinds."&nbsp;
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'The Models Are Getting Better, But They're Also More Likely To Be Good At Bad Stuff,' Tech Experts Sound The Alarm As AI Charges On

AIFU

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

Agnico Eagle Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) has outperformed the market over the past 20 years by 3.61% on an annualized basis producing an average annual return of 11.91%. Currently, Agnico Eagle Mines has a market capitalization of $56.63 billion. 
Buying $100 In AEM: If an investor had bought $100 of AEM stock 20 years ago, it would be worth $974.63 today based on a price of $112.65 for AEM at the time of writing.
<h3>Agnico Eagle Mines's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1747784724_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Agnico Eagle Mines 20 Years Ago Would Be Worth This Much Today

Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) has outperformed the market over the past 10 years by 1.86% on an annualized basis producing an average annual return of 12.76%. Currently, Lowe's Companies has a market capitalization of $129.71 billion. 
Buying $100 In LOW: If an investor had bought $100 of LOW stock 10 years ago, it would be worth $332.35 today based on a price of $231.74 for LOW at the time of writing.
<h3>Lowe's Companies's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1747783812_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 10 Years Ago, You Would Have This Much Today

MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) has outperformed the market over the past 10 years by 13.73% on an annualized basis producing an average annual return of 24.63%. Currently, MSCI has a market capitalization of $44.20 billion. 
Buying $100 In MSCI: If an investor had bought $100 of MSCI stock 10 years ago, it would be worth $903.81 today based on a price of $571.21 for MSCI at the time of writing.
<h3>MSCI's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1747782914_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MSCI

$100 Invested In This Stock 10 Years Ago Would Be Worth This Much Today

Le Monde, one of France's most prestigious newspapers, has entered into a partnership with Perplexity, a fast-growing U.S.-based <a href="https://www.benzinga.com/25/03/44557415/perplexity-ceo-aravind-srinivas-shuts-down-financial-rumors-on-reddit-says-ai-search-startup-has-no-plans-of-ipoing-before-2028">AI search startup</a> backed by <a href="https://www.benzinga.com/personal-finance/25/04/44947341/37-year-old-investor-goes-all-in-on-nvidia-at-101-calls-it-a-buy-in-super-cheap-moment-reddit-had-a-lot-to-say-about-this-bold-move">Nvidia</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). The deal reflects a growing trend of legacy media aligning with emerging tech firms to adapt to changing information consumption habits, according to<a href="https://www.reuters.com/technology/frances-le-monde-enters-into-content-partnership-with-ai-startup-perplexity-2025-05-14/"> Reuters</a>.
Perplexity, known for its real-time search engine that combines generative AI with citation-based results, will gain access to Le Monde's content. In return, the French publisher will leverage Perplexity's AI infrastructure to build new tools and explore fresh distribution channels, Reuters says.
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This agreement comes as AI companies face mounting scrutiny over how they train their models, and as publishers push for compensation and transparency,<a href="https://www.reuters.com/legal/litigation/tech-companies-face-tough-ai-copyright-questions-2025-2024-12-27/"> Reuters</a> reports.
<h2 class="wp-block-heading">Nvidia-Backed Perplexity Expands Media Footprint With Le Monde, L.A. Times, And The Independent</h2>
The partnership is part of Perplexity's broader effort to integrate reliable journalism into its search platform. The startup has already signed deals with over a dozen publishers, including the Los Angeles Times and the U.K.'s Independent, Reuters says. These collaborations aim to ensure that the AI-generated answers on Perplexity's platform are rooted in high-quality, verifiable content.
According to Reuters, these partnerships also include an ad revenue-sharing model designed to benefit the content providers whose work powers Perplexity's responses. The AI search engine&#8217;s new Publishers' Program is setting a precedent for how AI companies can support quality journalism while scaling innovation, a Perplexity<a href="https://www.perplexity.ai/hub/blog/introducing-the-perplexity-publishers-program"> blog post</a> says.
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a>&nbsp;
Announced with a slate of high-profile media partners including Time, Der Spiegel, Fortune and Entrepreneur, the initiative offers revenue sharing for publishers whose content is cited in Perplexity's AI-generated answers. The model includes advertising through a "related questions" feature, giving brands the ability to insert follow-up queries and creating new monetization streams for participating outlets, the company said.
According to Perplexity, the program also provides partners with free access to its online large language model application programming interfaces, allowing them to build custom answer engines using only their own content. Publisher staff will receive complimentary access to Enterprise Pro, Perplexity's privacy-enhanced research tool, for one year. The broader goal is to equip media companies with tools to expand reach, drive engagement, and retain control over how their work is surfaced in the AI ecosystem.
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<h2 class="wp-block-heading">AI-Powered Journalism Or Legal Minefield? Publishers Navigate A Delicate Dance</h2>
While partnerships like the one with Le Monde represent a collaborative path forward, not all media organizations are on board. Several AI companies are currently facing legal action from news outlets who accuse them of using copyrighted content without permission during model training, Reuters reports. The lawsuits reflect the growing tension between innovation and ownership, especially as generative AI tools continue to blur the lines between original content and synthesized responses.
According to Reuters, Le Monde CEO Louis Dreyfus emphasized that the agreement with Perplexity was not just about content licensing. &#8220;At Le Monde, we have continued to explore new partnerships with leading AI players to enlarge our audience, expand our development capacities, and to build new sources of revenues,&#8221; he said.
As AI reshapes how information is discovered and consumed, deals like this one between Le Monde and Perplexity may set the tone for the future. With strong backing, rising adoption, and a growing list of media collaborators, Perplexity aims to build the future of how the world reads, learns, and connects with verified truth.
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Le Monde Partners With Perplexity AI In Major Move To Monetize Journalism As Nvidia-Backed Startup Rivals ChatGPT And Google Search

MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) has outperformed the market over the past 10 years by 22.39% on an annualized basis producing an average annual return of 33.29%. Currently, MercadoLibre has a market capitalization of $130.76 billion. 
Buying $100 In MELI: If an investor had bought $100 of MELI stock 10 years ago, it would be worth $1,769.73 today based on a price of $2579.21 for MELI at the time of writing.
<h3>MercadoLibre's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1747782020_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MELI

Here's How Much $100 Invested In MercadoLibre 10 Years Ago Would Be Worth Today

Legendary value investor Jeremy Grantham is sounding the alarm on the current state of U.S. financial markets and says a 50% drop in the stock <a href="https://www.benzinga.com/news/management/25/05/45508514/jpmorgan-ceo-jamie-dimon-warns-huge-deficits-complacent-central-banks-could-lead-to-stagflation">market is possible.&nbsp;</a>
What To Know: In a recent <a href="https://www.youtube.com/watch?v=NggoHOE8uQM">interview </a>with Wealthtrack, Grantham pointed to three factors that are creating distortion in the stock market: the lingering effects of the massive COVID-19 stimulus, the rapid rise of artificial intelligence and ongoing tariff wars.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/large-cap/25/05/45524565/nvidias-1-trillion-comeback-shows-deepseek-no-longer-spooks-wall-street?utm_source=articleShare">Nvidia&#8217;s $1 Trillion Comeback Shows DeepSeek No Longer Spooks Wall Street&nbsp;</a>
Grantham said the COVID-19 response injected trillions into the economy and fuelled speculative excesses among retail investors.&nbsp;
Meanwhile, the AI boom has propelled a handful of giant tech companies — the so-called Magnificent Seven —  to outsized gains and skewed market dynamics. 
The trade war adds another layer of unpredictability, leaving economists and investors alike struggling to forecast economic outcomes.&nbsp;
Grantham said traditional metrics used to measure the market, like total market capitalization versus the GDP, are pointing to a significantly overvalued market that could be vulnerable to a major decline. 
"The market could easily go down by 50% and be well within its historical boundary. That would not be a colossal low," Grantham said.&nbsp;
Expert Ideas: Given the risks of a correction, Grantham advised investors to shift focus toward value stocks and non-U.S. equities. He also suggested prioritizing high-quality companies with low debt and strong profit margin and highlighted climate and resource-related sectors as undervalued.&nbsp;
Grantham's bottom line: investors should prepare for volatility in the currently overvalued market and the exact timing of a market correction remains impossible to predict.&nbsp;
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Image: Shutterstock

Opinion

Legendary Investor Jeremy Grantham Warns Of 50% Stock Market Crash

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CORRECTION: Toll Brothers Q2 Adj. EPS $3.50 Beats $2.83 Estimate, Sales $2.739B Beat $2.48B Estimate

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