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Sonim Technologies

Sonim Technologies Inc is a provider of ultra-rugged mobile devices, including phones and accessories designed specifically for task workers physically engaged in their work environments, often in mission-critical roles. The company sells mobile phones, accessories, and solutions to AT&T, T-Mobile, and Verizon in the Canada, and to Bell, Rogers, and Telus and Rogers, Telstra in Australia. The products include rugged mobile phones that can attach to both public and private wireless networks, industrial-grade accessories that meet the requirements of specific applications and software applications, and cloud-based tools that provide management and deployment services to customers. The company generates revenue from discounts, price protection, and customer incentives.

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TSMC y otras acciones destacaron en el premercado tras reportar ganancias récord. Descubre los mayores ganadores y perdedores.

Acciones de Taiwan Semiconductor (TSM) suben alrededor del 5%; 20 acciones en movimiento en el premercado de EE.UU.

Sonim Technologies Inc

SONM (BEP-20)

On Wednesday, Cathie Wood-led Ark Invest increased its exposure to NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>). These trades come amid ongoing challenges in the semiconductor industry, particularly with U.S. sanctions affecting chip sales to China.
The Nvidia Trade saw Ark Invest&#8217;s ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) acquiring 4,731 shares of NVIDIA. The stock closed at $102.71, marking a 3.86% increase from the previous day. The total value of this trade amounted to approximately $485,921.This purchase reflects Ark&#8217;s confidence in NVIDIA&#8217;s potential, even as Chinese tech giants like Alibaba and Tencent <a href="https://www.benzinga.com/25/04/44963176/chinese-tech-firms-led-by-alibaba-hoard-nvidia-ai-chips-amid-us-sanctions">stockpile NVIDIA&#8217;s AI chips</a> due to U.S. sanctions. These chips, specifically the H20 models, were designed to meet U.S. regulatory requirements, yet the looming threat of shipment restrictions has led to a surge in demand from Chinese companies.
The AMD Trade involved Ark&#8217;s ARKQ ETF purchasing 1,808 shares of Advanced Micro Devices. AMD&#8217;s stock saw a 4.79% rise, closing at $90.39. This acquisition, valued at around $163,425, comes as Ark continues to bolster its position in the semiconductor sector. On Tuesday, Ark had <a href="https://www.benzinga.com/25/04/44940763/ark-invests-bold-moves-nvidia-amd-airbnb-and-microsoft-in-focus">scooped up AMD shares</a> worth $2.14 million while picking Nvidia stock worth $1.09 million. Both these companies face U.S. export restrictions targeting China.
Other Key Trades:
<ul>
<li>Sold 182 Microsoft (MSFT) shares through ARKW</li>
<li>Sold 40,015 shares of UiPath Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) from ARKF ETF and 8,273 shares through ARKW.</li>
<li>Bought 104,048 shares of Nurix Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIX#NASDAQ">NRIX</a>) through ARKG.</li>
<li>Sold 147,820 shares of Adaptive Biotechnologies Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>) in ARKG ETF.</li>
<li>Purchased 80,661 shares of 10X Genomics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXG#NASDAQ">TXG</a>) via ARKG ETF.</li>
</ul>
Benzinga Edge Stock Rankings show AMD has a Momentum in the 12th percentile and Growth in the 66th percentile. Wondering how Nvidia is placed? <a href="https://www.benzinga.com/25/04/44940763/ark-invests-bold-moves-nvidia-amd-airbnb-and-microsoft-in-focus">Click here</a> for the full picture.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/25/04/44940763/ark-invests-bold-moves-nvidia-amd-airbnb-and-microsoft-in-focus"><img loading="lazy" decoding="async" width="792" height="107" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23211526/Screenshot-2025-04-24-at-10.15.09.png" alt="" class="wp-image-885449" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23211526/Screenshot-2025-04-24-at-10.15.09.png 792w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23211526/Screenshot-2025-04-24-at-10.15.09-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23211526/Screenshot-2025-04-24-at-10.15.09-768x104.png 768w" sizes="(max-width: 792px) 100vw, 792px" /></a></figure>
Photo Courtesy: T. Schneider on Shutterstock.com
Read Next: <a href="https://benzinga.com/25/04/44942774/elon-musk-slams-tesla-protesters-says-they-benefited-from-government-waste-and-fraud-he-believes-to-have-cut-via-" target="_blank" rel="noreferrer noopener">​</a>
<ul>
<li><a href="https://benzinga.com/25/04/44942774/elon-musk-slams-tesla-protesters-says-they-benefited-from-government-waste-and-fraud-he-believes-to-have-cut-via-" target="_blank" rel="noreferrer noopener">Elon Musk Hits Out At Tesla Protesters, Says They Profited From Government &#8216;Waste And Fraud&#8217; He Cut Using DOGE: &#8216;They&#8217;re The Recipients Of Wasteful Largesse​&#8217;</a></li>
</ul>
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>

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PATH

Cathie Wood Buys More NVIDIA And AMD Stock As Chinese Tech Giants Stockpile Chips Amid Looming US Export Curbs

In his final letter as Amazon.com's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) CEO, Jeff Bezos left more than business advice — he delivered a message that speaks to anyone fighting to stay authentic in a world built for conformity.
What Happened: Bezos, who <a href="https://www.benzinga.com/news/21/07/21849808/jeff-bezos-is-officially-no-longer-the-amazon-ceo">stepped down as Amazon's CEO</a> in 2021 after founding the company nearly three decades earlier, used his final annual shareholder letter to share a powerful parting thought.
Drawing inspiration from evolutionary biologist Richard Dawkins, he explained that survival — in biology, business, and life — requires active resistance against becoming "normal."
Quoting Dawkins&#8217; The Blind Watchmaker, Bezos highlighted the effort living things must exert to remain distinct from their environments.
See Also: <a href="https://www.benzinga.com/tech/25/04/44804849/amazon-founder-jeff-bezos-once-made-his-grandmother-cry-trying-to-show-off-his-math-skills-that-day-his-grandfather-gave-him-a-life-changing-piece-of-wisdom">Amazon Founder Jeff Bezos Once Made His Grandmother Cry Trying To Show Off His Math Skills — That Day, His Grandfather Gave Him A Life-Changing Piece Of Wisdom</a>
"If living things didn't work actively to prevent it, they would eventually merge into their surroundings and cease to exist as autonomous beings," the passage read.
Bezos turned that biological insight into a broader metaphor: "The world wants you to be typical — in a thousand ways, it pulls at you. Don't let it happen," he wrote. "You have to pay a price for your distinctiveness, and it's worth it."
Why It's Important: Although Bezos stepped down as CEO in 2021, he has returned to a prominent role at Amazon, now dedicating 95% of his time to advancing its artificial intelligence initiatives.
In December 2024, at the DealBook Summit, Bezos revealed this development, saying, "My heart is in Amazon, my curiosity is in Amazon, and my fears are there, and my love is there."
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.
Bezos currently has a net worth of $202 billion, <a href="https://www.bloomberg.com/billionaires/">according</a> to Bloomberg&#8217;s Billionaire Index. He started Amazon at the age of 30, and today his company has a market capitalization of $1.9 trillion, making it one of the eight companies that have crossed the trillion-dollar mark.
Amazon currently holds a consensus price target of $251.98, based on evaluations from 45 analysts. Recent projections from Stifel, Telsey Advisory Group, and Goldman Sachs average $234.33, indicating a potential upside of 29.54%, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
According to <a href="https://www.benzinga.com/quote/AMZN">Benzinga's proprietary Edge Rankings</a>, Amazon has a momentum score of 43.90% and a growth score of 94.14%. For deeper insights into stock trends and growth opportunities, you might want to <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">explore a subscription to Benzinga Edge</a>.
Bezos also owns the <a href="https://www.benzinga.com/general/space/24/09/40697380/bezos-vs-musk-battle-heads-to-space-how-amazon-founder-is-taking-tesla-ceo-on-more-directly">space exploration company</a> and Elon Musk-led SpaceX rival Blue Origin. The space company Bezos founded in 2000 has never publicly revealed its valuation.
However, Bezos stated last year that he believes Blue Origin will eventually surpass Amazon in size. "I think it's going to be the best business that I've ever been involved in, but it's going to take a while," Bezos stated at the New York Times' DealBook Summit.
In August 2013, he purchased The Washington Post for <a href="https://www.benzinga.com/news/25/03/44371691/trump-praises-jeff-bezos-recent-moves-with-washington-post-hes-trying-to-do-a-real-job">$250 million</a>, committed $2 billion toward social initiatives in 2018, and pledged $10 billion in February 2020 to combat climate change.
Photo Courtesy: Lev Radin 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>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/24/05/38955435/jeff-bezos-reveals-how-customer-feedback-led-to-amazons-sell-everything-strategy-i-wish-you-sold-win" target="_blank" rel="noreferrer noopener">Jeff Bezos Reveals How Customer Feedback Led To Amazon's ‘Sell Everything' Strategy: ‘I Wish You Sold Windshield Wiper Blades…'</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

AMZN

Jeff Bezos' Final CEO Letter Isn't Just About Amazon — It Is A Clarion Call For Resisting Normality: 'The World Wants You To Be Typical…Don't Let It Happen'

Retirement. It's one of those things everyone knows they should be planning for. But it's also one of those things that's easy to push off—until suddenly you're staring down 70 and wondering where the time and the money went.
That's exactly where one caller found himself in when he phoned into "The Ramsey Show" and laid it all out. In a <a href="https://www.facebook.com/daveramsey/videos/889543906069188/?mibextid=rS40aB7S9Ucbxw6v">video posted to Facebook</a>, 65-year-old Rick wanted to know if he could retire comfortably at 72. But the math wasn't exactly on his side.
"I'm 65 years old, and I'm wondering if I'll be okay to retire in seven years," Rick said, kicking off a conversation that quickly turned into a financial intervention.
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<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
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He told Dave Ramsey he had $110,000 in his 401(k) and just $5,000 in his emergency fund. On the debt side, things were heavier: he still owed $136,000 on his house, $30,000 on his truck, and—surprise—$22,000 on solar panels he thought he bought "outright." Ramsey corrected that last part, noting it was actually a solar loan. And to make things tighter, Rick was still paying $10,000 a year in alimony, though that would be ending soon.
His income? A solid $100,000 a year.
"You don't have any money," Ramsey told him. "You're $500,000 or $600,000 behind—I would get more radical."
That radical plan started with one major priority: wiping out the $52,000 in consumer debt—fast.
"What I would do if I were in your shoes is I would get those two debts paid off immediately," Ramsey said. "It's an emergency."
Trending: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. <a href="https://www.benzinga.com/money/masterworks">See which asset class has outpaced the S&amp;P 500 (1995-2024) – and with near-zero correlation.</a>
Ramsey told him to <a href="https://www.benzinga.com/personal-finance/24/12/42726864/dave-ramsey-thinks-social-security-is-a-mathematical-disaster-but-still-says-it-makes-more-sense-to-take-it-at-62-almost-every-time">stop contributing to his 401(k) temporarily</a> and focus completely on paying off the truck and solar loan within 12 months. And yes, that meant extreme budgeting. "Beans and rice, rice and beans," Ramsey said. "You have no life until you get that done."
He even suggested Rick <a href="https://www.benzinga.com/personal-finance/25/04/44752907/dave-ramsey-says-if-you-want-to-know-what-driving-a-new-car-really-costs-open-your-car-window-once-a-week-and-toss-out-a-100-bill">ditch the truck altogether</a> if necessary. "That is job one, or sell the stupid truck—one of the two." Rick pushed back, saying it was his only vehicle and selling it wasn't an option. But Ramsey wasn't having it. He told him, "You don't need a $30,000 truck." That's when Rick clarified, "Actually, it's a $60,000 truck—I only owe $30,000." Ramsey didn't flinch. He said if that's the case, Rick could sell it and get a $30,000 truck—or even a $10,000 one instead.
See Also: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.60 per share now</a>.
Once debt-free, Ramsey laid out the next phase: keep living frugally, get the house paid off in three years, and then start investing again. He recommended contributing 15% of income into retirement accounts and "loading up good mutual funds."
By 72, if Rick followed the plan, Ramsey estimated he'd have $400,000 to $500,000 saved—and a paid-off home. Not exactly yacht money, but a far cry from where he was headed if he did nothing.
Moral of the story? Procrastination is expensive. But with seven years, a six-figure income, and some serious belt-tightening, <a href="https://www.benzinga.com/money/smartasset">retirement isn't off the table</a>. Just don't wait until 65 to start thinking about it, unless you want to live on "beans and rice" as Ramsey would suggest.&nbsp;
Read Next:
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<li><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></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>
Image: Shutterstock

Personal Finance

65-Year-Old With $110K Saved Asks If He Can Retire in 7 Years — Dave Ramsey Says 'You Have No Money' and Tells Him to Stop 401(k) Contributions

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 21.59% on an annualized basis producing an average annual return of 31.33%. Currently, MercadoLibre has a market capitalization of $108.49 billion. 
Buying $100 In MELI: If an investor had bought $100 of MELI stock 10 years ago, it would be worth $1,563.70 today based on a price of $2139.92 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/2025/1745450118_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

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

It might sound like science fiction, but JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon says younger generations will soon live to 120.&nbsp;
In an interview with Maria Bartiromo on <a href="https://www.foxbusiness.com/media/jamie-dimon-warns-recession-now-a-likely-outcome-us-economy">Fox News</a>, Dimon laid out an unexpectedly hopeful forecast for Gen Z and Gen Alpha, citing massive technological progress, inheritance windfalls, and a shorter workweek made possible by artificial intelligence.&nbsp;
<h2 class="wp-block-heading">$124 Trillion May Be Coming Their Way</h2>
Dimon pointed to what he calls one of the biggest opportunities in history: the Great Wealth Transfer. According to <a href="https://www.cerulli.com/reports/us-high-net-worth-and-ultra-high-net-worth-markets-2024">Cerulli Associates&#8217; 2024 report </a>on the U.S. high-net-worth and ultra-high-net-worth markets, approximately $124 trillion in wealth is projected to transfer through 2048.&nbsp;
Don't Miss:
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<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a></li>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
</ul>
Still, a Feb. 16–March 1, 2024 survey by <a href="https://www.citizensbank.com/learning/great-wealth-transfer-survey.aspx">Citizens Bank </a>found that only 41% of Gen Z respondents expect to receive any inheritance within the next five years, highlighting that the gains may not be widespread.
Despite that, the sheer size of this transfer could dramatically alter the financial future for many Americans in their 20s and 30s.
<h2 class="wp-block-heading">AI Could Reshape Life And Work</h2>
During a 2023 appearance on <a href="https://www.bloomberg.com/news/articles/2023-10-02/dimon-sees-ai-giving-a-3-1-2-day-workweek-to-the-next-generation">Bloomberg TV</a>, Dimon predicted artificial intelligence could extend human life spans well into the triple digits. "They're probably going to live to 120," he said of Gen Z, adding that AI will likely "cure some cancers."
Dimon also suggested the five-day workweek may become a thing of the past. With widespread AI integration in industries including finance and healthcare, future workers might only clock in 3.5 days a week, Dimon said.
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
In fact, JPMorgan Chase has already begun using AI to boost efficiency across operations—its engineers have reported productivity gains of up to 20% thanks to an in-house coding assistant, according to <a href="https://www.reuters.com/technology/artificial-intelligence/jpmorgan-engineers-efficiency-jumps-much-20-using-coding-assistant-2025-03-13/">Reuters</a>.
<h2 class="wp-block-heading">Gen Z Is Making Lifestyle Trade-Offs</h2>
While Dimon's outlook is rosy, many Gen Z adults are still grappling with today's financial hurdles.&nbsp;
According to the <a href="https://rochsociety.com/gen-z-dog-ownership-statistics/">Rochester Society</a>, rising living costs have prompted many to postpone homeownership and opt for pets instead of kids, with average pet expenses reaching $178 a month per household.
They're also turning down job offers due to high commuting costs and depending on possible inheritance for long-term planning. That said, these short-term tradeoffs may fade once the generational wealth shift takes hold.
See Also: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.60 per share now</a>.
<h2 class="wp-block-heading">Dimon's Advice Get Off TikTok, Start Reading</h2>
Dimon's success—<a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0000019617/000001961725000056/jpm-20250121.htm">he made $39 million</a> in total compensation in 2024—didn't come without old-school habits.&nbsp;
Speaking in the same interview, he said, "If you don't take care of your mind, your body, your spirit, your soul, your friends, your family, you're not going to have a great life."
He's repeatedly encouraged young people to ditch social media like TikTok and Facebook, calling them "a total stupid waste of time," according to <a href="https://www.businessinsider.com/jamie-dimon-tiktok-facebook-total-stupid-waste-of-time-2024-9">Business Insider</a>. Instead, Dimon urged younger generations to learn from everybody, regardless of political ideology, and to keep reading and growing.&nbsp;
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<li>With high-demand properties in the Midwest, Bam Capital has delivered 2.46x equity multiples in just over 3 years. No losses. No missed payments. <a href="https://www.benzinga.com/money/investing-in-the-midwest-why-multifamily-real-estate-is-a-winning-strategy">Learn more about becoming an investor today</a>. </li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
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Image: Shutterstock

'They're Probably Going To Live To 120' – JPMorgan's Jamie Dimon Says Gen Z Should Stop Worrying And Start Building A Better Future

Amphenol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) has outperformed the market over the past 20 years by 10.33% on an annualized basis producing an average annual return of 18.26%. Currently, Amphenol has a market capitalization of $86.17 billion. 
Buying $1000 In APH: If an investor had bought $1000 of APH stock 20 years ago, it would be worth $28,864.10 today based on a price of $71.15 for APH at the time of writing.
<h3>Amphenol's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745449233_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.

Here's How Much $1000 Invested In Amphenol 20 Years Ago Would Be Worth Today

Amentum Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMTM#NYSE">AMTM</a>) shares gained <a target="_blank" href="https://www.benzinga.com/topic/why-its-moving" rel="noreferrer noopener">on Wednesday</a>. The company disclosed that it reached a definitive deal to sell its Rapid Solutions hardware and product business to Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) for a cash <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44946385/amentum-announces-agreement-to-divest-its-rapid-solutions-product-business-for-360-million" rel="noreferrer noopener">transaction valued at $360 million</a>.
The company&#8217;s Rapid Solutions business specializes in ISR, advanced communications, and tactical systems aimed at critical national security challenges.
As part of the deal, roughly 230 Rapid Solutions employees will move to Lockheed Martin.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/03/44423418/amentum-faces-growth-slump-as-government-cuts-spending-analyst-expects-merger-to-boost-margins" rel="noreferrer noopener">Amentum Faces Growth Slump As Government Cuts Spending, Analyst Expects Merger To Boost Margins</a>
The transaction is projected to close in the second half of 2025 and is expected to result in around $325 million in <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">after-tax proceeds for Amentum</a>.
Adam Harrison, Senior Vice President of Strategy and Corporate Development, said, &#8220;The divestiture of Rapid Solutions sharpens Amentum&#8217;s focus on mission critical services and reinforces our position as a global pure-play provider of advanced engineering and technology-enabled solutions.&#8221;&nbsp;
As of March 31, Lockheed Martin had cash and <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/n44918859/lockheed-martin-reports-first-quarter-2025-financial-results" rel="noreferrer noopener">cash equivalent of $1.80 billion</a>.
Amentum plans to release results for the second quarter of <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">the FY25 on May 7, 2025</a>.
Last week, Amentum won a $247.6 million contract from the U.S. Department of Defense (DOD)&nbsp;Air Combat Command (ACC),&nbsp;Acquisition Management and Integration Center (AMIC),&nbsp;Counternarcotics and <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44787142/amentum-secures-247-million-global-counter-threat-finance-contract" rel="noreferrer noopener">Global Threats (CN&amp;GT)&nbsp;Division</a>.
Investors can gain exposure to the stock via&nbsp;Invesco Exchange-Traded Fund Trust II Invesco S&amp;P SmallCap 600 Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWJ#NYSE">RWJ</a>).
Price Action: AMTM shares closed higher by 3.13% to $19.75 on Wednesday.
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Mid Cap

Asset Sales

AMTM

Amentum Offloads Hardware Unit To Focus On Critical Services, Inks $360 Million Deal With Lockheed Martin

For adults who grew up in the 1980s and 1990s, a movie being made about a former toy store could become one of their <a href="https://www.benzinga.com/general/entertainment/24/12/42750888/top-anticipated-2025-movies-for-big-screen-success-and-stocks-investors-should-watch">most anticipated movies</a> to watch in theaters.
What Happened: Former toy retailer Toys &#8216;R&#8217; Us is getting the movie treatment with a live-action film inspired by "Night at the Museum."
The "Night at the Museum" film franchise saw characters from the past come to life after the museum closed, which means we could be getting a live-action film of toys coming to life after the toy store closed, or in a way a live-action "Toy Story" movie.
Story Kitchen and Toys "R" Us Studios are teaming up on the film efforts, according to a Variety <a href="https://variety.com/2025/film/news/toys-r-us-live-action-movie-story-kitchen-1236375189/">report</a>.
"Toys ‘R' Us is a cultural touchstone that continues impacting the child in all of us today," Story Kitchen co-founders Dmitri M. Johnson and Mike Goldberg said. "As ‘80s kids who considered Toys ‘R' Us one of the most magical places on Earth, we're honored to partner to create a film that will capture the spirit of adventure, creativity and nostalgia that Toys ‘R' Us represents."
The modern film is described as being similar to "Night at the Museum" along with films like "Back to the Future and "Big." Movies like "Jumanji" and "Barbie," which also brought toys to the big screen, are also used in the description of the future film.
"It will be as boundless as play itself, evoking the electric sense of wonder that is the essence of Toys ‘R' Us," Toys &#8220;R&#8221; Us Studios President Kim Miller Olko said.
Story Kitchen is well known for its work on video game adaptations for TV and film including "Sonic the Hedgehog." The studio is also working on the "Tomb Raider" franchise for Netflix and Amazon MGM Studios project and "Toejam &amp; Earl" for Amazon MGM Studios.
Read Also:<a href="https://www.benzinga.com/general/entertainment/25/04/44828976/minecraft-box-office-success-could-see-more-adaptations-elon-musk-wants-this-video-game-movie-next"> &#8216;Minecraft&#8217; Box Office Success Could See More Adaptations: Elon Musk Wants This Video Game Movie Next</a>
Why It's Important: No film partner was named for the Toys &#8216;R&#8217; Us film. Variety reports that Story Kitchen has a first-look TV deal with Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and a first-look deal with DreamWorks Animation, which is a Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) unit, for animated film.
As a live-action film, Story Kitchen could look to partner with one of its current partners or shop around depending on demand for the film rights. &nbsp;
Toys &#8216;R&#8217; Us was founded in 1957 and was one of the largest toy retailers in the U.S. and world until Walmart sought to take its title for toy shopping in the early 1990s. Toys &#8216;R&#8217; Us declared bankruptcy in 2017.
Now owned by WHP Global, Toys &#8216;R&#8217; Us stores within stores <a href="https://www.benzinga.com/news/21/08/22577648/macys-brings-back-toys-r-us-brand-to-us-market">can be found</a> inside Macy's Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) locations. The retailer's baby segment Babies &#8216;R&#8217; Us was also brought back to life through a partnership with Kohl's Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) in 2024.
The film could draw interest in more retail partnerships in the future.
Read Next: 
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<li><a href="https://www.benzinga.com/general/entertainment/25/04/44903063/star-wars-highlights-tv-new-movie-with-ryan-gosling-fortnite-collab-will-the-force-be-with-disney-stock">Star Wars Highlights TV, New Movie With Ryan Gosling, Fortnite Collab: Will The Force Be With Disney Stock?</a></li>
</ul>
Photo: <a href="https://www.shutterstock.com/g/Andrei+Stanescu">Sundry Photography</a> via Shutterstock

Entertainment

CMCSA

I Don't Want To Grow Up, There's A Toys 'R' Us Movie Coming — And It's Live Action

Digital Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>) has outperformed the market over the past 20 years by 4.57% on an annualized basis producing an average annual return of 12.49%. Currently, Digital Realty Trust has a market capitalization of $51.05 billion. 
Buying $100 In DLR: If an investor had bought $100 of DLR stock 20 years ago, it would be worth $1,062.30 today based on a price of $151.59 for DLR at the time of writing.
<h3>Digital Realty Trust's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745448313_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 This Stock 20 Years Ago Would Be Worth This Much Today

Words matter—especially when you have nearly 400 million subscribers and every sentence you say can be clipped, twisted, and turned into a headline. MrBeast, <a href="https://www.benzinga.com/media/25/02/43996522/mrbeast-lost-millions-on-amazons-beast-games-now-hes-looking-to-raise-hundreds-of-millions-to-take-his-brand-to-the-next-level">aka Jimmy Donaldson</a>, woke up to find that one of his interviews had been reduced to a quote he says he never actually said: "Life is so much easier when you're broke."
The quote made its rounds after a post from Kotaku, which slapped the line front and center on a viral article and Facebook post. Cue outrage, confusion, and a flurry of angry replies—including one vile, hate-filled message shown in a screenshot MrBeast shared on X last month.
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<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
</ul>
But here's the thing: he never said it. At least not like that.
"A news site lied and said I said ‘life is so much easier when you're broke' which I didn't say," <a href="https://x.com/MrBeast/status/1895849826979651873">MrBeast posted to X on March 1</a>. "Now I'm waking up to millions of people believing the lie and hating me. Being famous is so much fun," he added, with a thumbs-up emoji so dry you could sand wood with it.
In a <a href="https://x.com/MrBeast/status/1895852639898005977">follow-up post that same day</a>, he continued: "Here's what I actually said, such a shame that only a small % of the people that saw the slanderous article will see this. Sigh."
So, what did he actually say?
In the clip, MrBeast begins, "Life is so much easier…" then pauses before continuing, "Bro, if you don't travel constantly, life is so much easier." It wasn't about being broke. It was about being burnt out.
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
The full interview dove into his 15-hour workdays, health struggles, and the pressure that comes with being one of the <a href="https://www.benzinga.com/news/25/04/44794639/ironically-because-of-all-the-new-tariffs-its-now-way-cheaper-to-make-our-chocolate-bars-outside-the-us-says-mrbeast">most recognizable faces on the internet</a>. He even mentioned he has less than a million dollars in his bank account—hardly the typical millionaire mindset headline bait would suggest.
Kotaku did go back and update the headline. The article now reads: "MrBeast: Life Is ‘Easy' When You ‘Wake Up In Your Own Bed' And ‘Work 15 Hours' (Update)"—a noticeably different message.
Still, the damage had been done. The original post, amplified by Kotaku's huge reach, spread like wildfire. A flood of replies—some genuinely upset, others just trolling—rolled in before the correction.
The whole thing is a sharp reminder that when you're internet-famous, one misquote can shape public perception in seconds. And getting the truth out? That's the part that's never quite as viral.
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<li>Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.60 per share now</a>.</li>
<li>With high-demand properties in the Midwest, Bam Capital has delivered 2.46x equity multiples in just over 3 years. No losses. No missed payments. <a href="https://www.benzinga.com/money/investing-in-the-midwest-why-multifamily-real-estate-is-a-winning-strategy">Learn more about becoming an investor today</a>. </li>
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Image: Shutterstock

'Now Millions Hate Me' — MrBeast Says Article Twisted His Words, Falsely Quoted Him as Saying 'Life's Easier When You're Broke'

Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) has outperformed the market over the past 10 years by 1.48% on an annualized basis producing an average annual return of 11.21%. Currently, Allison Transmission has a market capitalization of $7.62 billion. 
Buying $100 In ALSN: If an investor had bought $100 of ALSN stock 10 years ago, it would be worth $278.57 today based on a price of $89.42 for ALSN at the time of writing.
<h3>Allison Transmission's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745447421_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.

ALSN

Here's How Much You Would Have Made Owning Allison Transmission Stock In The Last 10 Years

<a href="https://www.benzinga.com/topic/chinese-stocks" target="_blank" rel="noreferrer noopener">U.S.-listed China stocks</a> rose on Wednesday, spurred by optimism over Beijing&#8217;s softening trade tensions with Washington following the latest comments from the Trump administration.
Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), and&nbsp;Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) maintained their rally Wednesday.
Electric vehicle companies, including&nbsp;NIO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>),&nbsp;Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and&nbsp;XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), also noted strong upward momentum.
President Donald Trump hinted at a substantial reduction in tariff rates as he proposed to treat China fairly as its trading partner, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-04-23/chinese-stocks-in-hong-kong-rally-on-bets-trade-tensions-to-ease?sref=TBDibEcD" rel="noreferrer noopener">reports</a> on Wednesday.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/25/04/44874701/temu-and-shein-to-raise-prices-amid-us-tariffs-slash-ad-spend-on-apple-meta" rel="noreferrer noopener">Temu And Shein To Raise Prices Amid US Tariffs, Slash Ad Spend On Apple, Meta</a>
On Tuesday, Treasury Secretary Scott Bessent&nbsp;acknowledged during an investor summit the impracticability and mutual challenges of a tariff war with China.
Trump&#8217;s&nbsp;hint of retaining Federal Reserve Chair Jerome Powell also buoyed the spirits.
Additionally, Chinese trade flows <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/04/44935325/why-are-us-listed-chinese-stocks-trading-higher-on-tuesday" rel="noreferrer noopener">exhibited momentum in</a> April despite President Donald Trump&#8217;s tariff war against&nbsp;its trading partners.
Trump&#8217;s tariff relief on electronic products and pause of reciprocal tariffs against most countries posed a tailwind.
Separate reports indicated that China&#8217;s&nbsp;Xi Jinping&nbsp;is eyeing Europe as a key trading partner as it proposes to tap the&nbsp;strained U.S.-EU relations.
Investors can gain exposure to the stock rally via China ETFs trading in the U.S., including iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) and KraneShares Trust KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>).
Price Action: BABA stock gained 2.57% on Wednesday. PDD was up 2.08, BIDU up 2.88%.
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Photo via Shutterstock

Government

Regulations

BABA

BIDU

KWEB

Citigourp Global Markets 2% Protected Notes Linked To The Djia

XPEV

US-Listed China Stocks Surge As Trump Hints At Tariff Cuts and Softening Trade Tensions

Shares of Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) spiked in Wednesday&#8217;s after-hours session before pulling back. Here&#8217;s a look at <a href="https://www.benzinga.com/topic/automakers">what&#8217;s going on</a>.
What Happened: According to a Financial Times <a href="https://www.ft.com/content/fa0f6749-729e-41ca-917b-7b534041f6f8">report</a>, President Donald Trump is expected to relax tariffs on automakers following &#8220;intense&#8221; lobbying from industry executives in recent weeks. 
The report, which cites two people with knowledge of the matter, indicates Trump could exempt car parts, steel and aluminum from tariffs imposed on imports from China.
Automakers will reportedly still face 25% duties on all imports of foreign-made cars, as well as separate 25% tariffs on parts set to go into effect on May 3.
The news comes after various executives from the auto industry raised concerns that tariffs would drive up vehicle prices, force job losses and impact supply chains.
Related Link: <a href="https://www.benzinga.com/25/04/44963440/tesla-takedown-says-protests-are-working-hitting-ev-company-where-it-hurts-the-companys-bottom-line">Tesla Takedown Says Protests Are Working: Hitting Where It Hurts, &#8216;The Company&#8217;s Bottom Line&#8217;</a>
Stellantis chair John Elkann reportedly warned last week that the automobile industry was being &#8220;put at risk&#8221; due to the Trump administration&#8217;s trade policies. Another executive in the space reportedly said that tariffs were jeopardizing the health of the entire industry. 
Trump slapped sweeping reciprocal tariffs on a slew of nations at the beginning of the month, before announcing a 90-day pause for most countries. Trade partners still face 10% baseline tariffs during the 90-day pause period. 
Shares of Ford, GM and Stellantis all jumped in extended trading Wednesday before pulling back. Ford traded up to around $10, but was down 0.36% after hours, trading at $9.73 at last check. 
GM shares traded up to around the $48.40 level, but were down 0.70% after the close, trading at $45.50 at the time of publication. Stellantis was the only automaker holding onto gains, last up 0.95% after hours, trading at $9.01. Stellantis traded as high as $9.30 in after-hours trading Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
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Photo: Tada Images/Shutterstock.

Global

After-Hours Center

STLA

Auto Stocks See Brief Spike In After-Hours Trading Wednesday As Trump Plans To Ease Tariffs On Automakers

Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) has outperformed the market over the past 20 years by 3.7% on an annualized basis producing an average annual return of 11.63%. Currently, Kroger has a market capitalization of $51.81 billion. 
Buying $1000 In KR: If an investor had bought $1000 of KR stock 20 years ago, it would be worth $9,131.26 today based on a price of $71.60 for KR at the time of writing.
<h3>Kroger's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745446511_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.

Here's How Much $1000 Invested In Kroger 20 Years Ago Would Be Worth Today

Citizens &amp; Northern (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZNC#NASDAQ">CZNC</a>) reported quarterly earnings of $0.41 per share which missed the analyst consensus estimate of $0.44 by 6.82 percent. This is a 17.14 percent increase over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $26.98 million which missed the analyst consensus estimate of $27.70 million by 2.59 percent. This is a 4.93 percent increase over sales of $25.72 million the same period last year.

Earnings

Earnings Misses

CZNC

Citizens & Northern Q1 EPS $0.41 Misses $0.44 Estimate, Sales $26.98M Miss $27.70M Estimate

Southwest Airlines Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) reported first-quarter financial results after the market close on Wednesday. Here&#8217;s a rundown <a href="https://www.benzinga.com/quote/LUV">of the report</a>.
<ul>
<li>Q1 Revenue: $6.43 billion, versus <a href="https://www.benzinga.com/calendars/earnings">estimates</a> of $6.40 billion</li>
</ul>
<ul>
<li>Q1 EPS: Loss of 13 cents, versus estimates for a loss of 18 cents</li>
</ul>
First-quarter operating revenue increased 1.6% year-over-year. The company said passenger revenue increased 1.7% year-over-year. Revenue per available seat mile (RASM) increased 3.5% year-over-year. Growth was primarily driven by yield improvements from revenue management actions and capacity moderation.
The company ended the quarter $8.3 billion in cash, cash equivalents and short-term investments, resulting in a net cash position of $1.6 billion, which includes debt. Southwest returned $857 million to shareholders in the first quarter in dividends and share repurchases and said it expects to repurchase the remaining $1.5 billion under its buyback by the end of July. 
&#8220;While the broader economic environment has been dynamic, we remain focused on executing our transformational plan. On costs, we beat our previously adjusted&nbsp;guidance&nbsp;and are on track to achieve the increased cost reduction plan targets announced last month. We ran a stellar operation in&nbsp;first quarter, leading the industry in&nbsp;ontime performance and improving on almost every operating metric, year-over-year,&#8221; said Bob Jordan, president and CEO of Southwest Airlines.
Don&#8217;t Miss: <a href="https://www.benzinga.com/general/gaming/25/04/44966332/las-vegas-sands-stock-down-slightly-after-mixed-q1-results-eps-beat-revenue-misses">Las Vegas Sands Stock Down Slightly After Mixed Q1 Results: EPS Beat, Revenue Misses</a>
Outlook: Southwest Airlines pulled its full-year 2025 and 2026 EBIT guidance, citing &#8220;current macroeconomic uncertainty.&#8221;
The company said it expects second-quarter unit revenues to be flat to down&nbsp;4%. Capacity is expected to grow between 1% and 2% year-over-year in the second quarter. Southwest expects cost per available seat mile excluding fuel (CASM-X) to increase 3.5% to 5.5% year-over-year in the second quarter, driven primarily by inflationary pressures.
The company expects full-year 2025 capacity to be up roughly 1%, versus prior expectations of 1% to 2%. Southwest continues to expect 2025 capital spending to be in the range of&nbsp;$2.5 billion&nbsp;to&nbsp;$3 billion.
&#8220;We expect to introduce basic economy and bag fees for most fare products next month and remain on track to begin selling assigned and extra legroom seats in&nbsp;third quarter&nbsp;2025 for operation beginning in&nbsp;first quarter&nbsp;of next year,&#8221; Jordan said. 
Southwest Airlines executives will further discuss the quarter on a call with investors and analysts at 12:30 p.m. ET Thursday afternoon. 
LUV Price Action: <a href="http://benzinga.com/quote/LUV">Southwest Airlines shares</a> were down after-hours 3.61% at $24.60 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Courtesy of Southwest Airlines.

Guidance

Travel

Southwest Airlines Tosses Out Profit Guidance Amid 'Macroeconomic Uncertainty,' Shares Slide Despite Better-Than-Expected Q1 Results

First Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBNC#NASDAQ">FBNC</a>) reported quarterly earnings of $0.84 per share which beat the analyst consensus estimate of $0.78 by 7.69 percent. This is a 37.7 percent increase over earnings of $0.61 per share from the same period last year. The company reported quarterly sales of $105.78 million which beat the analyst consensus estimate of $105.37 million by 0.39 percent. This is a 14.77 percent increase over sales of $92.17 million the same period last year.

Earnings Beats

FBNC

First Bancorp Q1 Adj. EPS $0.84 Beats $0.78 Estimate, Sales $105.78M Beat $105.37M Estimate

D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) shares are trading higher on Wednesday following the completion of its Advantage2 quantum computer's physical assembly at Davidson Technologies<a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44945155/d-wave-and-davidson-technologies-near-installation-completion-of-alabamas-first-on-site-annealing-" rel="noreferrer noopener"> headquarters in Huntsville, Alabama.</a>
This development marks a critical phase in D-Wave's collaboration with Davidson and advances Alabama's position as a key player in the U.S. quantum infrastructure ecosystem.
With physical assembly wrapped up, the system is now undergoing calibration and performance testing to prepare it for secure operational deployment.
Once live, the Advantage2 will become Alabama's first on-premises annealing quantum system, focused on real-world optimization problems in national security and defense applications.
Also Read: <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/25/04/44948932/goldman-sachs-backs-copper-tariff-trade-if-trump-slaps-25-duty-on-us-imports" rel="noreferrer noopener">Goldman Sachs Backs &#8216;Copper Tariff Trade&#8217; If Trump Slaps 25% Duty On US Imports</a>
The installation will be formally unveiled at a private ribbon-cutting ceremony on April 23, with state and federal leaders in attendance alongside executives from both companies.
Dr. Alan Baratz, CEO of D-Wave, emphasized the importance of the system for defense-focused quantum innovation, stating the machine will support the creation of applied quantum solutions in secure environments.
&#8220;The installation of an Advantage2 system will enable Davidson to explore and develop real-world quantum applications — particularly in optimization — for some of the U.S. government&#8217;s most complex problems and then deploy those applications in a secure environment,&#8221; Baratz said.
Dale Moore, president and CEO of Davidson, called the installation a "step-change" in deploying quantum tools for precision defense tasks, underlining the significance of having such technologies onsite to drive mission outcomes.
This milestone is part of a long-term agreement between the two firms, with Davidson investing in research and hybrid quantum-classical approaches for defense-relevant use cases such as space system oversight, autonomous coordination, and logistics optimization.
Tommy Battle, mayor of Huntsville, praised the project for cementing the city's place in the national innovation landscape and broadening its role in advanced tech development for both government and private sectors.
The Advantage2 will complete final testing in the coming weeks, after which it will be operationalized under national security protocols with collaborative initiatives across the defense sector already in planning.
QBTS Price Action: D-Wave Quantum shares are trading higher by 13.60% to $7.10 at publication on Wednesday.
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</ul>

General

QBTS

What's Going On With D-Wave Quantum Stock Today?

Columbia Banking System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>) reported quarterly earnings of $0.67 per share which beat the analyst consensus estimate of $0.64 by 4.69 percent. This is a 3.08 percent increase over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $491.37 million which beat the analyst consensus estimate of $482.85 million by 1.77 percent. This is a 3.73 percent increase over sales of $473.72 million the same period last year.

COLB

Columbia Banking System Q1 Adj. EPS $0.67 Beats $0.64 Estimate, Sales $491.37M Beat $482.85M Estimate

Viking Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>) released its first-quarter results after Wednesday's closing bell. Here's a look at the details<a href="https://www.benzinga.com/pressreleases/25/04/n44964150/viking-therapeutics-reports-first-quarter-2025-financial-results-and-provides-corporate-update"> from the report.&nbsp;</a>
The Details:&nbsp;Viking Therapeutics reported quarterly losses of&nbsp;41 cents&nbsp;per share, which missed the analyst consensus estimate of&nbsp;losses of 34 cents.
The company said the increase in the quarterly net loss was primarily due to the increase in research and development expenses and general and administrative expenses compared to the same period in 2024.
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Research and development expenses were $41.4 million for the first quarter, compared to $24.1 million for the same period in 2024. The increase was primarily due to increased expenses related to manufacturing for the company&#8217;s drug candidates, clinical studies, stock-based compensation and salaries and benefits, partially offset by decreased expenses related to pre-clinical studies.
General and administrative expenses were $14.1 million for the first quarter compared to $10 million for the same period in 2024. The increase was primarily due to increased expenses related to legal and patent services, stock-based compensation and insurance, partially offset by a decrease in salaries and benefits.
As of March 31, 2025, Viking held cash, cash equivalents and short-term investments of $852 million, compared to $903 million as of the end of 2024.
&#8220;In the first quarter of 2025, Viking continued to build on the strong momentum achieved in 2024,&#8221; stated Brian Lian, Ph.D., CEO of Viking.
&#8220;Throughout the first quarter we continued to ramp up activities in support of the initiation of Phase 3 trials with the subcutaneous formulation of VK2735, which are on track to begin later this quarter. In addition, during the first quarter, we not only announced the initiation of the Phase 2 VENTURE-Oral Dosing trial evaluating the tablet formulation of VK2735, but also the completion of enrollment in this study,&#8221; Lian added.
VKTX Price Action: According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Viking Therapeutics stock was down 1.12% after hours at $25.50 on Wednesday.&nbsp;&nbsp;
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