Wheels Up Experience (NYSE:UP) Bolsa

Wheels Up Experience

Wheels Up Experience Inc is a provider of on-demand private aviation in the United States. It is pioneering data and technology-driven solutions that connect consumers to safety-vetted and verified private aircraft. It connects private flyers to aircraft, and one another, through an open platform that enables life's most important experiences. Its offering is delivered through a mix of programmatic and charter options that strategically utilize its owned and leased aircraft fleet and an "asset-light" charter model to deliver a greater range of global travel alternatives. The company operates in a single operating and reportable segment, private aviation services. Geographically the company generates the majority of its revenue from the United States.

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The week was rife with significant developments in the tech world, particularly in the realm of artificial intelligence (AI). From SoftBank Group&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) announcement of a massive AI data center in Japan to Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) struggle in the AI race, the stories were as diverse as they were impactful. Here&#8217;s a quick round-up of the top stories.
SoftBank&#8217;s $676 Million AI Data Center
On Friday,&nbsp;SoftBank Group revealed plans to acquire assets from Sharp Corp to build a large-scale AI data center. The investment firm will spend approximately $676 million on the project, which aligns with its strategic partnership with OpenAI. The AI data center, set to begin operations in 2026, will be built on a vast area of land and buildings at the Sharp Sakai Factory.
<a href="https://www.benzinga.com/media/25/03/44327422/softbank-to-build-676-million-ai-data-center-in-japan-linked-to-openai-partnership">Read the full article here.</a>
Block&#8217;s AI Performance Boost with Nvidia
Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>), led by CEO Jack Dorsey, became the first U.S. company to deploy Nvidia Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) new AI clusters. Dorsey expects the implementation to be 30 times more powerful than current ones, thanks to Nvidia's DGX SuperPOD with GB200 systems.
<a href="https://www.benzinga.com/markets/equities/25/03/44299872/jack-dorseys-block-first-us-company-to-deploy-nvidias-ai-cluster-predicts-30x-performance-boost">Read the full article here.</a>
Sam Altman&#8217;s AI Warning
OpenAI CEO Sam Altman, speaking at a private Morgan Stanley event, warned that AI will be deflationary. He also highlighted that the biggest constraint for OpenAI isn&#8217;t data or demand, but GPUs.
<a href="https://www.benzinga.com/25/03/44297444/sam-altman-warns-ai-will-be-deflationary-but-says-openais-biggest-constraint-isnt-data-or-demand-its-gpus">Read the full article here.</a>
Nvidia&#8217;s Valuation Drop
Despite impressive Q4 earnings,&nbsp;Nvidia&#8217;s stock has seen a significant drop in 2025. The chipmaker&#8217;s valuation is now 41% cheaper compared to November 2022, when ChatGPT was launched, and 85% cheaper from its record high valuations in July 2023.
<a href="https://www.benzinga.com/25/03/44298732/nvidia-valuation-drops-after-2025-rout-ai-chipmakers-price-declines-41-from-its-peak-when-chatgpt-was-launched">Read the full article here.</a>
Apple&#8217;s AI Race Fumble
Apple&#8217;s shares are under significant selling pressure, with the company struggling in the AI race. The stock is down 10.85% year-to-date, 8.22% in the past month, and 1.56% on Friday alone.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44284821/apple-stock-takes-a-bite-out-of-investors-as-siri-fumbles-ai-race">Read the full article here.</a>
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Photo courtesy: Shutterstock
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/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

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Softbank's AI Data Center, Block's AI Boost, Altman's Warning, Nvidia's Valuation Drop, And Apple's Fumble: This Week In Artificial Intelligence

A small business owner recently took to Reddit to vent about an employee who couldn't understand why his hours were being cut. The reason was indeed &#8220;because of the tariffs,&#8221; but the employee was baffled.
&#8220;He asked, condescendingly, why Canada and China having to pay us an extra tax would slow down sales on the consumer end,&#8221; the business owner wrote. &#8220;Said it shouldn't make a difference on packaging.&#8221;
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The <a href="https://www.reddit.com/r/smallbusiness/comments/1j9c3an/does_anybody_else_have_that_employee_or_those/">post</a> titled, &#8220;Does anybody else have that employee, or those employees, who just can't grasp the impact of the tariffs?&#8221; shared on r/smallbusiness, quickly gained traction, sparking a heated discussion about tariffs, economic literacy, and the real-world consequences of policy decisions. Many commenters expressed frustration over how common it is for people to misunderstand tariffs and taxes in general.
<h2 class="wp-block-heading">Who Really Pays the Price?</h2>
For years, some politicians have claimed that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42383874/expert-slams-trumps-tariff-policies-as-completely-and-utterly-wrong-but-says-we-dont-think-they-are-going-to-do-anything">tariffs are a tax on foreign countries</a>. But business owners and economists alike know that's not how it works. <a href="https://www.benzinga.com/markets/equities/25/03/44070257/warren-buffett-calls-tariffs-an-act-of-war-warns-they-function-as-a-tax-on-goods-amid-market-turmoil">Tariffs are a tax on imports</a>, which means U.S. businesses pay more for the goods they bring in. Those higher costs then get passed on to consumers or result in businesses cutting expenses—like labor.
&#8220;I had just placed a few orders at increased pricing, so I gave him the most top-to-bottom explanation I could,&#8221; the Reddit poster continued. &#8220;He was shocked that tariffs were just an extra tax on us and that the U.S. doesn't just have the capability to produce EVERYTHING.&#8221;
That realization hit hard. &#8220;At the end, he said that's not what he thought when he voted for them.&#8221;
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<h2 class="wp-block-heading">A Broader Issue</h2>
The post resonated with many small business owners who have struggled to explain basic economic concepts to employees, customers, and even fellow business owners.
&#8220;The amount of time I have spent explaining how <a href="https://www.benzinga.com/personal-finance/24/01/42757069/i-dont-care-what-tax-bracket-youre-in-suze-orman-insists-youd-be-crazy-to-have-anything-other-than-a-roth-retirement-account">tax brackets</a> work to people and their inability to grasp the concept is astonishing,&#8221; one commenter wrote.
Another chimed in: &#8220;Most people don't even understand their own income taxes. Corporate taxes and international business are way outside of their comfort zone.&#8221;
Others pointed out that financial education in schools is lacking, leaving many Americans ill-equipped to understand economic policies that affect them.&nbsp;
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"> this is your last chance to become an investor for $0.80 per share.</a>
<h2 class="wp-block-heading">Real-World Consequences</h2>
Tariffs aren't just abstract political debates—they have tangible effects on businesses and workers. Several small business owners in the thread shared how tariffs have disrupted their supply chains, raised costs, and led to layoffs.
One business owner in the solar industry said <a href="https://www.benzinga.com/markets/equities/25/03/44269301/trumps-25-tariffs-on-steel-and-aluminum-imports-take-effect-eu-retaliates-us-steel-nucor-century-aluminum-and-other-domestic-stocks-cheer">tariffs on aluminum and steel</a> have made <a href="https://www.benzinga.com/partner/tech/25/02/43943892/from-tariffs-to-funding-freezes-solar-installs-are-getting-pricier-save-up-to-4000-with-monalee-befo">solar panel installations significantly more expensive</a>. &#8220;The average residential system now costs an extra $2,000,&#8221; they wrote. &#8220;Tried to explain it to [my manager], and he argued that customers shouldn't be paying the price for tariffs. Don't really have much of a choice when our material prices go up 20%+.&#8221;
Another commenter shared that their company had to lay off nearly half its staff due to declining sales and uncertainty caused by tariffs. &#8220;Our domestic sales have <a href="https://www.benzinga.com/news/25/02/43949339/consumer-confidence-plummets-in-february-sharp-decline-marks-third-consecutive-monthly-drop">fallen off a cliff</a> since the third quarter. At least 65% month to month. International sales are far worse.&#8221;
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<h2 class="wp-block-heading">Misinformation and Frustration</h2>
A recurring theme in the discussion was frustration over how tariffs are portrayed in politics and the media. Many commenters blamed politicians for spreading misinformation about who actually pays tariffs.
&#8220;The number of people who couldn't even be bothered to Google ‘How do tariffs work?' in the fall is astounding,&#8221; one user commented.
Another pointed out that even high-ranking officials seem confused about tariffs. &#8220;My own congresswoman does not understand how tariffs work, which is ridiculous.&#8221;
Some argued that the confusion isn't accidental. &#8220;Almost all the politicians understand. They just know it's better for them to play dumb,&#8221; one commenter suggested.
<h2 class="wp-block-heading">A Lesson in Economics</h2>
For the small business owner who started the discussion, the experience has been eye-opening—but also exhausting. &#8220;I'm sick of explaining tariffs and wish that people were better at doing their own research,&#8221; he admitted.
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'Wait, Tariffs Are Just A Tax On Us?'—Employee Shocked As Small Business Owner Cuts His Hours 'Because Of The Tariffs'

The week was a rollercoaster ride in the world of cryptocurrency. From a trader&#8217;s devastating $5 million loss in meme coins to the nearing conclusion of the Ripple-SEC lawsuit, the crypto space was buzzing with activity. The introduction of the Bitcoin Act of 2025 in the House of Representatives and Binance CEO&#8217;s optimism about pro-crypto policies also made headlines. Let&#8217;s dive into the details.
Trader&#8217;s $5 Million Loss In Meme Coins
A trader, known only as 0xforeverblind, turned nothing into a whopping $5 million during the crypto bull run, only to lose it all in meme coins. Despite his initial success, the trader&#8217;s investments in meme coins like Popcat, Gigachad, Mumu The Bull, and Retardio collapsed by 90-95%, leading to his massive loss.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44260478/i-lost-everything-trader-turns-0-into-5-million-loses-it-all-with-meme-coins-that-were-supposed-to-become-the-next-dogecoin-shiba-inu">Read the full article here.</a>
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Ripple-SEC Lawsuit Nears Conclusion
The long-standing legal battle between the SEC and&nbsp;Ripple Labs&nbsp;over the alleged $1.3 billion unregistered XRP sale may soon come to an end. The key point of contention is whether XRP's utility and trading status align more with a commodity, like Ethereum, rather than a security.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44314642/ripple-sec-lawsuit-nears-end-will-xrp-be-classified-as-commodity-like-ethereum">Read the full article here.</a>
Bitcoin Act of 2025 Introduced
U.S. Congressman Nick Begich introduced the Bitcoin Act of 2025 in the House. The bill proposes acquiring 1 million BTC over five years, with a 20-year holding period, without taxpayer funding. The bill acknowledges Senator Cynthia Lummis for her advocacy of Bitcoin and financial innovation.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44261690/bitcoin-act-of-2025-introduced-in-the-house-of-representatives">Read the full article here.</a>
Binance CEO Optimistic About Pro-Crypto Policies
Binance CEO Richard Teng expressed optimism about the pro-cryptocurrency policies introduced by U.S. President Donald Trump. Teng believes this shift marks a turning point for the industry, which faced significant challenges during Joe Biden&#8217;s tenure.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44300120/binance-ceo-richard-teng-hails-donald-trumps-bitcoin-reserve-xrp-ethereum-solana-digital-asset-stockpile">Read the full article here.</a>
Strategy Files For $21B To Fund Bitcoin Acquisition
Strategy Inc. announced that it has filed to offer up to $21 billion in preferred stock to raise funds for Bitcoin purchases. The sales agreement involves issuing 8.00% Series A perpetual strike preferred stock with a par value of $0.001 per share.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44220378/strategy-files-for-21b-in-preferred-stock-to-fund-bitcoin-acquisition">Read the full article here.</a>
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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/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

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

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Crypto Trader's $5 Million Loss, Ripple-SEC Lawsuit, Bitcoin Act Of 2025: This Week In Crypto

It was a busy week for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a series of events that kept the tech giant in the spotlight. From a secretive court hearing in the UK to the launch of a Metallica concert experience for its Vision Pro headset, Apple made headlines for various reasons. Let&#8217;s dive into the major stories.
<h3 class="wp-block-heading">Apple&#8217;s Secret Court Hearing In The UK</h3>
On Friday, a private court hearing believed to be an appeal by Apple against a UK government demand for backdoor access to its encrypted cloud systems took place in London. The public and media were not allowed to attend the hearing, which reportedly centered on a controversial &#8220;technical capability notice&#8221; issued to Apple by the British government.
<a href="https://www.benzinga.com/news/legal/25/03/44344993/apple-reportedly-fights-uk-governments-unacceptable-encryption-order-behind-closed-doors-no-press-or-public-allowed">Read the full article here.</a>
<h3 class="wp-block-heading">Metallica Concert Experience On Vision Pro</h3>
Apple is hoping to rekindle interest in its struggling Vision Pro headset with a virtual concert featuring Metallica. The immersive 25-minute concert, filmed with 14 ultra-high-resolution 180-degree cameras and powered by Spatial Audio, will be available to Vision Pro users.
<a href="https://www.benzinga.com/25/03/44270009/apple-doubles-down-on-vision-pro-with-metallica-concert-experience-but-can-rock-legends-save-a-3499-headset-thats-already-being-scaled-back">Read the full article here.</a>
<h3 class="wp-block-heading">iPhone 16e Outperforms iPhone SE</h3>
The newly released iPhone 16e has seen strong initial sales, outperforming the third-generation iPhone SE by 60% in its first three days. However, analysts predict that this won&#8217;t be enough to counterbalance Apple&#8217;s declining sales in China this year.
<a href="https://www.benzinga.com/25/03/44345384/apples-new-iphone-16e-outsells-iphone-se-by-60-but-analysts-say-it-wont-stop-china-sales-from-sliding-in-2025">Read the full article here.</a>
<h3 class="wp-block-heading">Apple Stock Under Pressure</h3>
Apple&#8217;s stock is facing significant selling pressure, with shares down 10.85% year-to-date, 8.22% in the past month, and 1.56% on Friday alone.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44284821/apple-stock-takes-a-bite-out-of-investors-as-siri-fumbles-ai-race">Read the full article here.</a>
<h3 class="wp-block-heading">Major Overhaul For iPhones After iOS 19</h3>
Apple is reportedly planning one of the most dramatic software overhauls in its history. The upcoming iOS 19 is expected to transform the iPhone&#8217;s interface, featuring significant updates in icons, menus, apps, system buttons, and windows. The design is said to be loosely based on the Vision Pro's visionOS interface.
<a href="https://www.benzinga.com/markets/equities/25/03/44240980/iphones-after-ios-19-will-feature-a-very-different-look-heres-whats-apple-might-change">Read the full article here.</a>
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</ul>
Photo courtesy: Shutterstock
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/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Apple's Secretive UK Court Hearing, Metallica Concert On Vision Pro, iPhone 16e, And Major Overhaul In Store: This Week In Appleverse

The past week was a rollercoaster ride for the markets, with recession fears, record gold prices, and escalating trade wars dominating headlines. The Nasdaq and S&amp;P 500 hit six-month lows, while gold soared to new heights.
Meanwhile, China imposed tariffs on its largest U.S. import, soybeans, and other agricultural products, causing a stir in the market. Amidst all this, there was a glimmer of hope as tech stocks and Bitcoin rebounded following Ukraine&#8217;s acceptance of a U.S.-backed ceasefire proposal with Russia.
Recession Fears Drive Markets Lower
The Nasdaq 100 and S&amp;P 500, tracked by SPDR S&amp;P 500, saw significant declines this week, with tech giants like Tesla, Inc. and Palantir Technologies, Inc. leading the downward trend. President Donald Trump&#8217;s acknowledgment of a potential U.S. recession in a Fox News interview added to the market&#8217;s concerns.
<a href="https://www.benzinga.com/general/market-summary/25/03/44227856/nasdaq-sp-500-hit-6-month-lows-as-recession-fears-grow-whats-driving-markets-monday">Read the full article here.</a>
Also Read:&nbsp;<a href="https://www.benzinga.com/25/03/44195821/taiwan-semiconductor-chief-says-us-expansion-driven-by-ai-and-smartphone-boom-warns-of-supply-shortage" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Chief Says US Expansion Not Driven By Political Pressure, But AI Boom, Warns of Supply Shortage</a>
Gold Hits Record Highs Amid Trade War Fears
Gold continued its strong rise, hitting a fresh record as investors sought safe havens amidst mounting trade tensions and economic uncertainty. Spot gold, tracked by the SPDR Gold Trust, traded at $2,969 per ounce, marking its third consecutive session of gains.
<a href="https://www.benzinga.com/government/regulations/25/03/44308014/gold-hits-record-highs-as-trade-war-fears-fuel-safe-haven-demand-mining-stocks-soar">Read the full article here.</a>
China Imposes Tariffs On Major US Agricultural Imports
In retaliation to President Donald Trump&#8217;s additional 10% levy on Chinese imports, China imposed tariffs on major U.S. agricultural imports, including soybeans. This move is likely to impact many agricultural product manufacturers, suppliers, and related businesses, such as Bunge Global and Archer-Daniels Midland.
<a href="https://www.benzinga.com/25/03/44217379/china-hits-soybeans-with-tariffs-its-largest-us-import-along-with-other-agri-products-here-a-list-of-stocks-and-etfs-that-could-be-impacted">Read the full article here.</a>
Markets Bounce Back As Ukraine Accepts Ceasefire Proposal
Markets rebounded as Ukraine signaled its readiness to accept a U.S.-backed proposal for a 30-day ceasefire with Russia. This development was seen as a step towards de-escalation, triggering a relief rally in riskier assets like stocks and cryptocurrencies.
<a href="https://www.benzinga.com/25/03/44260839/tech-stocks-bitcoin-strongly-rebound-as-ukraine-backs-us-proposal-for-30-day-ceasefire-with-russia">Read the full article here.</a>
Warren Buffett&#8217;s Take On Tariffs
Legendary investor Warren Buffett characterized tariffs as "an act of war" and a consumer tax. His comments came amidst market turmoil following President Donald Trump&#8217;s implementation of 25% tariffs on Canadian and Mexican imports.
<a href="https://www.benzinga.com/markets/equities/25/03/44070257/warren-buffett-calls-tariffs-an-act-of-war-warns-they-function-as-a-tax-on-goods-amid-market-turmoil">Read the full article here.</a>
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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/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Economics

Recession Fears, Gold Records, And Trade Wars: This Week In Economics

As the week drew to a close, the business world was buzzing with a series of impactful stories. From Elon Musk&#8217;s concerns over tariffs to escalating trade tensions and the looming threat of a government shutdown, there was no shortage of headlines to keep investors on their toes.
Tesla, SpaceX Raise Tariff Concerns
Both Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX, led by Elon Musk, have voiced concerns over tariffs. They warn that retaliatory measures could negatively impact their respective industries. In letters to U.S. Trade Representative Jamison Greer, the companies urged for a consideration of the broader economic impacts when shaping trade strategies.
<a href="https://www.benzinga.com/tech/25/03/44342569/tesla-spacex-warn-tariffs-could-harm-us-innovation-and-industry">Read the full article here.</a>
Canada&#8217;s Retaliatory Tariffs Draw Criticism
Canada&#8217;s introduction of retaliatory tariffs against the U.S. has drawn criticism from Commerce Secretary Howard Lutnick. The move comes in response to the Trump administration&#8217;s recent trade measures targeting Canadian exports. Lutnick expressed dissatisfaction with Canada&#8217;s approach in an interview ahead of a meeting with Canadian officials.
<a href="https://www.benzinga.com/25/03/44344906/canadas-retaliatory-tariffs-against-us-draw-commerce-secretary-howard-lutnicks-ire-who-thinks-they-are-tone-deaf-the-british-didnt-respond-the-m">Read the full article here.</a>
Trump Optimistic About Russia-Ukraine Ceasefire
President Donald Trump expressed optimism that Russia and Ukraine could soon reach a ceasefire agreement. However, concerns remain on both sides about the proposed ceasefire.
<a href="https://www.benzinga.com/news/global/25/03/44333033/trump-boasts-very-good-chance-of-russia-ukraine-ceasefire-but-zelenskyy-says-putin-broke-deals-25-times-before">Read the full article here.</a>
Schumer Warns of Government Shutdown Impact
Senate Democratic Leader Sen. Chuck Schumer expressed concerns about a potential government shutdown. He warned that such an event could significantly empower Donald Trump and suggested that Elon Musk supports a shutdown to dismantle essential government programs.
<a href="https://www.benzinga.com/25/03/44320221/chuck-schumer-says-a-government-shutdown-will-give-trump-the-keys-to-the-city-state-and-country-and-elon-musk-the-chance-to-destroy-government-services">Read the full article here.</a>
AOC Responds to Shutdown Debate
Alexandria Ocasio-Cortez (D-N.Y.) responded to House Speaker Mike Johnson&#8217;s claim that Democrats were responsible for the looming government shutdown. She countered by emphasizing that Republicans control the House, Senate, and White House and stated that if Republicans need Democrats, they need to negotiate with Democrats.
<a href="https://www.benzinga.com/25/03/44293219/aoc-claps-back-at-mike-johnson-as-senate-moves-closer-to-government-shutdown-if-you-need-democrats-then-you-need-to-negotiate">Read the full article here.</a>
Read Next:
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Photo courtesy: Shutterstock
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/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Politics

TSLA

Elon Musk's Tariff Concerns For Tesla And Space, Trade Tensions, And Government Shutdown Threats: This Week In Politics

Elon Musk shared a throwback on X, recalling a 2009 lunch where legendary investor Charlie Munger told a table full of people that <a href="https://www.benzinga.com/startups/25/02/43531005/elon-musk-recalls-a-lunch-where-charlie-munger-listed-all-the-reasons-tesla-would-fail-made-me-quite-sad-but-i-told-him-i-agreed">Tesla was destined to fail</a>. Musk, always blunt about Tesla's early struggles, admitted at the time that the odds were stacked against the company.&nbsp;
But despite Munger's doubts, Musk pushed forward. Years later, even Munger had to admit that Tesla's success was nothing short of a "minor miracle."
Yet, for all his skepticism about Tesla, Munger wasn't against all electric vehicles. In fact, he was one of the biggest advocates for BYD, a Chinese EV and battery manufacturer that Berkshire Hathaway backed. Munger raved about BYD's achievements, calling it his "best investment" shortly before his death in 2023.
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<h2 class="wp-block-heading">The Genius Who Overestimates Himself</h2>
Munger's views on Musk were always a mix of admiration and caution. At the 2014 Daily Journal shareholders meeting, he acknowledged Musk's intelligence but also pointed out his tendency to push the limits of reality.
"He's a genius, and I don't use that word lightly," Munger said. "He's also one of the boldest men who ever came down the pike. So put me down as saying I've always been afraid of the guy whose IQ is 190 and he thinks it's 250." He elaborated,&nbsp; "I like to think there's a little of that risk with Elon. He is a certified genius."
By 2020, Munger hadn't changed his stance much. At the Daily Journal shareholders meeting that year, he made it clear that while he wouldn't bet against Musk, he wasn't buying Tesla stock either. "My thoughts are two," Munger said. "I would never buy [Tesla], and I would never sell it short."
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>
Then came his now-famous warning: "Never underestimate the man who overestimates himself."
Munger acknowledged that Musk's confidence bordered on delusion—but sometimes, those delusional thinkers change the world.
<h2 class="wp-block-heading">Munger Loved BYD but Snubbed Tesla</h2>
If Munger was so skeptical of Tesla, why was he all-in on BYD? In short, he saw BYD as a company with strong fundamentals, disciplined leadership, and a clear business strategy.&nbsp;
At the <a href="https://buffett.cnbc.com/video/2009/05/02/afternoon-session---2009-berkshire-hathaway-annual-meeting.html">2009 Berkshire Hathaway annual meeting</a>—the same year as his notorious lunch with Musk—Munger marveled at BYD's rapid ascent, labeling it "unbelievable."
"They went into the automobile business with zero experience, very little capital, and they still created the best-selling model in China. This is not normal. This is a damn miracle," he said.
Munger saw BYD as a disciplined company that methodically built itself up, while Tesla, in his eyes, was fueled by Musk's relentless overconfidence.
See Also: <a href="https://www.benzinga.com/money/elon-musk-told-the-u-n-if-they-could-show-a-plan-for-ending-world-hunger-hed-donate-6-billion-i-will-sell-tesla-stock-right-now-and-do-it">Elon Musk Told The U.N. If They Could Show A Plan For Ending World Hunger He'd Donate $6 Billion – ‘I Will Sell Tesla Stock Right Now And Do It'</a>
<h2 class="wp-block-heading">The Legacy of Munger's Tesla Criticism</h2>
Tesla has had its ups and downs since that 2009 lunch. It defied the odds to become a global powerhouse, but in 2025, it's facing a sharp decline. Tesla's stock has dropped nearly 50% since mid-December, with analysts pointing to a mix of factors, including Musk's divisive political stances, declining global sales, and increased competition in the EV market. Some investors, like Ross Gerber, believe the company could face further struggles, while others see long-term opportunities in Tesla's robotaxi ambitions and AI-driven projects.
Munger remained consistent in his skepticism of Tesla throughout his life. His stance wasn't necessarily about Tesla's technology—it was <a href="https://www.benzinga.com/news/25/01/42976301/charlie-munger-said-his-family-only-owns-3-stocks-damn-right-theyre-rich-because-diversification-is-for-know-nothing-investors">about his investment philosophy</a>, which prioritized stable, disciplined companies over high-risk ventures led by larger-than-life personalities.
While <a href="https://www.benzinga.com/25/03/44266805/trump-turns-white-house-into-tesla-showroom-says-elon-musk-was-treated-very-unfairly-heres-the-car-he-picked-for-himself">Tesla's future</a> remains uncertain, Munger's perspective on Musk—a genius who overestimates himself—continues to be a defining lens through which many view the billionaire today.
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Personal Finance

Charlie Munger Called Elon Musk a 'Certified Genius' Who Exaggerates His IQ—But Warned: 'Never Underestimate the Man Who Overestimates Himself'

Canadian musician Grimes has openly expressed her disapproval of Elon Musk <a href="https://www.benzinga.com/news/24/09/40866970/new-book-reveals-elon-musks-twitter-buy-fumble-and-mix-up-over-grimes-baby-name">for publicly displaying their four-year-old son</a>.
What Happened: Grimes voiced her discontent with Musk&#8217;s actions. In a post on X, she criticized Musk for his public display involving their child.
&#8220;I unfortunately do not control the internet and cannot wipe this from the internet. I have tried begging the public and my kids dad to keep them offline, and I&#8217;ve tried legal recourse. I follow you here I&#8217;ve seen young ppl destroyed by the internet too. The state of my children&#8217;s lives being public is of grave concern to me and I think about how to solve this every day. It&#8217;s insane to me that there&#8217;s no way to deal with this,&#8221; she wrote in the post. 
Grimes was responding to a post on X, when a user questioned what she was doing to safeguard her children from misinformation.
<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">I unfortunately do not control the internet and cannot wipe this from the internet. I have tried begging the public and my kids dad to keep them offline, and I&#39;ve tried legal recourse. I follow you here I&#39;ve seen young ppl destroyed by the internet too. The state of my…
&mdash; 
</blockquote></div></figure>

Entertainment

Social Media

Grimes Slams Elon Musk for Putting Their Children in Spotlight: 'I've Tried Begging Public And My Kids' Dad To Keep Them Offline'

U.S. forces, in collaboration with Iraqi intelligence and security services, successfully killed a high-profile leader of ISIS in a precision <a target="_blank" href="https://www.benzinga.com/news/global/25/02/43424035/trump-unleashes-airstrikes-on-isis-in-somalia-we-will-find-you-and-we-will-kill-you" rel="noreferrer noopener">airstrike on Thursday in western Iraq.</a>
Abdallah Makki Muslih al-Rifai, known by his alias &#8220;Abu Khadijah,&#8221; was one of the most dangerous terrorists in Iraq and globally, CNN <a target="_blank" href="https://edition.cnn.com/2025/03/14/middleeast/iraq-syria-isis-killed-intl-hnk/index.html" rel="noreferrer noopener">reports</a>.
&#8220;Today the fugitive leader of ISIS in Iraq was killed,&#8221; President Donald Trump <a target="_blank" href="https://truthsocial.com/@realDonaldTrump/posts/114164024901387974" rel="noreferrer noopener">posted </a>on his social media handle Truth Social. &#8220;He was relentlessly hunted down by our intrepid warfighters. His miserable life was terminated, along with another member of ISIS, in coordination with the Iraqi Government and the Kurdish Regional Government. PEACE THROUGH STRENGTH!,&#8221; Trump adds.
As the &#8220;deputy caliph&#8221; of ISIS, he was a key figure in the organization, overseeing global operations, logistics, and financial matters, CNN adds.
Also Read: <a href="https://www.benzinga.com/personal-finance/25/03/44328962/1-9-billion-federal-scam-2-trillion-in-federal-waste-the-latest-findings-from-doge-as-elon-musk-says-money-is-poorly-spent">$1.9 Billion Federal Scam, $2 Trillion in Federal Waste: The Latest Findings from DOGE as Elon Musk Says &#8220;Money Is Poorly Spent&#8221;</a>
The strike took place in Al Anbar province, where both Abu Khadijah and another ISIS operative were found dead at the scene, wearing unexploded suicide vests and carrying multiple weapons. U.S. Central Command, or CENTCOM, confirmed that Abu Khadijah&#8217;s identity was confirmed through DNA collected from a previous raid where he narrowly escaped capture.
Iraqi Prime Minister Mohammed Shia al-Sudani hailed the operation, calling it a significant blow to ISIS, which continues to operate in multiple regions despite losing control over large swaths of territory in Iraq and Syria years ago.
&#8220;The Iraqis continue their remarkable victories against the forces of darkness and terrorism,&#8221; he <a target="_blank" href="https://x.com/mohamedshia/status/1900539298392273087" rel="noreferrer noopener">posted </a>on X.
The U.S. and Iraqi forces&#8217; joint effort marks a major victory in the fight against terrorism.
Despite a decline in ISIS territorial control, the group remains active and poses a continuing threat, as evidenced by a deadly attack in Moscow in March 2024.
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Equities

Markets

General

Top ISIS Leader Killed In US-Iraqi Strike — 'Relentlessly Hunted Down by Our Intrepid Warfighters,' Says Trump

Recent moves by President Donald Trump have raised questions about the future stability of the U.S. economy and <a href="https://www.benzinga.com/news/25/02/43758634/mary-trump-warns-dni-gabbard-could-lead-to-catastrophic-outcome-a-known-russian-asset-defender-of-murderous-dictator-assad">programs</a>, and sparked new commentary from a familiar critic.
What Happened: These concerns were highlighted in an analysis by Mary Trump, the President&#8217;s niece and vocal critic.
In a Cubstack <a href="https://www.marytrump.org/p/watch-what-he-does">post</a>, Mary Trump scrutinized the President&#8217;s recent policy decisions. She expressed apprehension about the potential impacts on the U.S. economy and social security programs.
She drew attention to Trump&#8217;s recent interviews, where he defended his budget plan and dismissed concerns over potential economic slowdown. She criticized his lack of detailed plans and his dismissal of the potential impacts on social security, healthcare, and retirement savings.
She also noted that Trump&#8217;s policies, including his tariffs and trade disruptions, could lead to rising consumer prices and economic slowdown. 
She cited warnings from companies like&nbsp;Target Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>),&nbsp;Walmart Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), and&nbsp;Chipotle Mexican Grill, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) that they would&nbsp;pass these costs on to&nbsp;consumers.
Moreover, she highlighted the potential impacts of Trump&#8217;s policies on global alliances and U.S. credibility. She noted that&nbsp;China is positioning itself to&nbsp;replace the U.S. as a stable global leader in response to Trump&#8217;s tariffs and antagonism towards key economic partners.
Also Read: <a href="https://www.benzinga.com/news/25/02/43900927/mary-trump-slams-uncle-trump-and-his-corrupt-fascist-regime-are-aligned-with-the-agenda-of-vladimir-putin-and-moscow">Mary Trump Slams Uncle: &#8216;Trump and His Corrupt Fascist Regime Are Aligned With the Agenda of Vladimir Putin and Moscow&#8217;</a>
&#8220;Even if you don&#8217;t care about helping other people, there is still a benefit to the United States in the form of soft power. If you help other countries, particularly developing nations, they become loyal to you. They become, by virtue of our aid, spokespeople for America. That is soft power. We don&#8217;t have that anymore. China is going after that as well. The Trump regime is weakening us on every single front,&#8221; she wrote in the post. 
Lastly, she criticized Trump&#8217;s decision to halt&nbsp;military aid to and intelligence&nbsp;sharing with Ukraine, which she argued has emboldened Russia and weakened Ukraine&#8217;s position on the battlefield.
Why It Matters: The concerns raised by Mary Trump echo the sentiments of many economic analysts and policy experts. The potential impacts of Trump&#8217;s policies on the U.S. economy, social security programs, and global alliances are significant.
Rising consumer prices could affect the purchasing power of American consumers, while disruptions in global alliances could impact U.S. standing in the global economy.
Furthermore, the halt in military aid and intelligence sharing with Ukraine could have far-reaching implications for global security. As such, these concerns warrant close attention and scrutiny.
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Image: Shutterstock

Mary Trump Slams Uncle: 'The Trump Regime Is Weakening Us on Every Single Front'

President Donald Trump has filed an emergency appeal with the U.S. Supreme Court, requesting it to limit the authority of lower-court judges who issue nationwide <a target="_blank" href="https://www.benzinga.com/news/25/03/44203241/powell-stresses-patience-as-fed-navigates-market-uncertainty-trade-turmoil" rel="noreferrer noopener">injunctions blocking federal policies.</a>
The appeal, centered on his controversial executive order attempting to end birthright citizenship, seeks to curtail what the administration views as an overreach of district courts&#8217; powers, POLITICO <a target="_blank" href="https://www.politico.com/news/2025/03/13/trump-supreme-court-nationwide-injunctions-00229431" rel="noreferrer noopener">reports</a>.
According to the American Immigration Council, birthright citizenship is the principle that grants <a target="_blank" href="https://www.americanimmigrationcouncil.org/topics/birthright-citizenship" rel="noreferrer noopener">automatic citizenship</a> to individuals upon birth, either through ancestry or place of birth.
In the U.S., it is based on &#8216;jus soli&#8216;, meaning citizenship is granted to anyone born on U.S. soil, regardless of their parents&#8217; immigration status, with some exceptions. The U.S. also has &#8216;jus sanguinis&#8216;, granting citizenship to children born abroad to U.S. citizens. While birthright citizenship is common in the Americas, it is less prevalent in other parts of the world.
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Trump&#8217;s acting solicitor general, Sarah Harris, argues that federal district judges should only issue injunctions within their own jurisdiction, not nationwide, contending that this would allow the Executive Branch to function properly without interference from multiple courts, POLITICO adds.
The appeal focuses on injunctions issued by judges in Maryland, Massachusetts, and Washington state, blocking Trump&#8217;s executive order that seeks to deny U.S. citizenship to children born on U.S. soil to undocumented immigrants.
Although Trump&#8217;s administration is not yet challenging the constitutionality of the order, it argues that nationwide injunctions are becoming a growing problem, citing 15 injunctions against Trump policies in February alone, the report reads.
Beyond the birthright citizenship case, the Trump administration&#8217;s filing also takes aim at state-led lawsuits, particularly those filed by Democratic attorneys general, which have challenged various federal policies.
The administration seeks to limit states&#8217; ability to bring such politically charged lawsuits.
The Supreme Court&#8217;s decision could have far-reaching implications, potentially reshaping the scope of judicial power and influencing future legal battles over federal policies.
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Could Trump's Birthright Citizenship Battle Reshape Judicial Power?

<a href="https://www.benzinga.com/markets/25/03/44242181/elon-musk-admits-juggling-between-tesla-doge-is-difficult-says-running-businesses-with-great-difficulty-as-tsla-stock-plunges-50-in-3-months">Elon Musk</a> has no patience for nonsense. If you're not saying something valuable, he'll simply leave—mid-conversation, no apologies. That's according to "Shark Tank" investor Kevin O'Leary, who recently shared his blunt take on Musk's relentless focus.
In a <a href="https://x.com/kevinolearytv/status/1898025859279417623">post on X last week</a>, O'Leary compared Musk to another legendary figure: Steve Jobs. Both, he said, operate on a different wavelength—one where distractions are cut ruthlessly, and efficiency is king.
O'Leary broke it down like this: "Signal" is the time spent advancing your goals. "Noise" is everything else—distractions, useless meetings, pointless small talk. Waste too much time on the latter, and you lose. Simple as that.
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According to O'Leary, both tech visionaries Jobs and Musk mastered this balance.&nbsp;
It's not personal. It's about efficiency.
<h2 class="wp-block-heading">‘We Don't Do Market Research at Apple'</h2>
O'Leary, <a href="https://www.benzinga.com/startups/24/04/38319759/kevin-oleary-says-working-for-steve-jobs-was-brutal-he-was-not-a-nice-guy-but-oleary-still-admires-h">who worked with Jobs at Apple</a>, shared a story to illustrate this mindset. Every quarter, he and other executives would meet at Apple's headquarters. Jobs, he said, was brutally focused.
"Steve was not a nice guy," O'Leary recalled. During one meeting, a product manager working on "Oregon Trail" suggested spending $2 million on market research to determine which product features would be best. Jobs shut her down instantly.
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"We don't do market research at Apple," Jobs told her. "Nobody knows what they want until I tell them what they want. Then they buy it because I said so."
The woman left the meeting in tears. O'Leary was stunned.
"I told him, ‘Steve, you're an a&#x2A;&#x2A;hole.'"
Jobs didn't care. Instead, he fired back: "Are you making a boatload of money? Are we growing share faster than anybody else? Shut up and go to work."
O'Leary called Jobs "85% signal, 15% noise"—meaning he still let some distractions slip through. But the results? Unmatched.
<h2 class="wp-block-heading">Musk Is ‘100% Signal'—And Doesn't Care What You Think</h2>
Then there's Musk. O'Leary says he's never met <a href="https://www.benzinga.com/startups/25/01/43335267/some-employees-survive-but-a-whole-lot-dont-says-elon-musks-biographer-about-his-demon-mode-in-which-hes-coldly-brutal-to-people">anyone more laser-focused</a>.
"One other guy that is 100% signal, and I've never met anybody like him, is Elon Musk. No noise. 100% signal," he said.
Musk doesn't just cut out distractions—he eliminates them entirely. "Walks away from you if you're boring him in a conversation," O'Leary said. "Doesn't give a sh&#x2A;t."
That kind of mindset might come off as arrogant, but O'Leary sees it differently: It's what makes Musk and Jobs exceptional.
Both built <a href="https://www.benzinga.com/personal-finance/25/03/44267293/kevin-o-leary-says-hed-have-turned-down-investing-in-tesla-if-elon-musk-pitched-the-company-on-shark-tank-i-would-say-youre-crazy">world-changing companies</a> by ignoring distractions, cutting through the noise, and making decisions with absolute confidence. And in Musk's case, if you can't keep up? He's already moved on.
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Kevin O' Leary Says Elon Musk Will Walk Away Mid Conversation If He Gets Bored, He 'Doesn't Give A Sh*t'—'I've Never Met Anybody Like Him'

Radio host Charlamagne tha God took aim at the Democratic leadership on Friday, calling for Senate Minority Leader Chuck Schumer and <a href="https://www.benzinga.com/25/03/44345850/benzinga-bulls-and-bears-docusign-magnificent-7-palantir-and-tariffs-keep-roiling-markets" target="_blank" rel="noreferrer noopener">House Minority Leader</a><a href="https://www.benzinga.com/25/03/44345850/benzinga-bulls-and-bears-docusign-magnificent-7-palantir-and-tariffs-keep-roiling-markets" target="_blank" rel="noreferrer noopener"> Hakeem Jeffries</a><a href="https://www.benzinga.com/25/03/44345850/benzinga-bulls-and-bears-docusign-magnificent-7-palantir-and-tariffs-keep-roiling-markets" target="_blank" rel="noreferrer noopener"> to step down</a>.
Speaking on his radio <a href="https://www.youtube.com/watch?v=ZPOLcswIUTg" target="_blank" rel="noreferrer noopener">show</a> The Breakfast Club, Charlamagne criticized the Democratic Party for what he described as &#8220;inaction&#8221; and ineffective messaging.
His comments came amid internal turmoil within the party, which intensified following Schumer&#8217;s controversial decision to vote in favor of a GOP-backed spending bill, <a href="https://thehill.com/homenews/media/5196697-charlamagne-tha-god-schumer-jeffries-democrats/" target="_blank" rel="noreferrer noopener">reports</a> The Hill.
&#8220;The party of inaction, the Democrats, have failed to protect the interest of the American people,&#8221; he said, adding, &#8220;Dems don&#8217;t just have a messaging problem. They got a leadership problem,&#8221; he continued. &#8220;The Chuck Schumers of the world, the Hakeem Jeffries, they should all step down.&#8221;
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The bill passed in the Senate on Friday evening with a 54-46 vote, including support from Sen. Jeanne Shaheen (D-N.H.) and Democratic-caucusing Sen. Angus King (I-Maine).
This sparked outrage among House Democrats, who had already voted against the bill earlier in the week, with many, including Rep. Alexandria Ocasio-Cortez (D-N.Y.), expressing a sense of betrayal, The Hill adds.
Schumer defended his decision, calling the funding stopgap a &#8220;bad bill,&#8221; but argued that passing it was preferable to a government shutdown under former President Donald Trump&#8216;s influence.
Despite his rationale, Charlamagne questioned Schumer&#8217;s logic, suggesting that Democrats should have presented an alternative funding measure instead of backing a bill they deemed inadequate, The Hill reports.
In response to the leadership crisis, Charlamagne called for primary challenges against any Democratic lawmaker not aligning with the party&#8217;s values and fighting for the American people.
Schumer, on the other hand, insisted that his leadership remains in sync with the party, despite growing discontent among progressives.
Charlamagne&#8217;s remarks reflect broader frustrations within the party as Democrats continue to regroup after their disappointing losses in the 2022 elections.
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Movers

Charlamagne Tha God Slams Schumer and Jeffries: 'They Should All Step Down'

A lawsuit has been lodged against&nbsp;JPMorgan Chase &amp; Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) by its employees, who claim that the company&#8217;s prescription drug plan, overseen by&nbsp;CVS Health Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), consented&nbsp;to pay exorbitant prices for&nbsp;medications.
What Happened: According to a report, the lawsuit alleges that JPMorgan mishandled health benefits. One example cited in the case shows the plan paying over&nbsp;$6,000 for a multiple sclerosis&nbsp;drug that could be purchased for approximately $30 at retail pharmacies. 
The plaintiffs, which&nbsp;include one current and two&nbsp;former employees, contend that this &#8220;systematic mismanagement&#8221; resulted in &#8220;grossly inflated&#8221; medication costs for those enrolled in the plan.
According to the report <a href="https://www.bloomberg.com/news/articles/2025-03-13/jpmorgan-employee-lawsuit-says-bank-overpaid-for-prescription-drugs?sref=TBDibEcD">by</a> Bloomberg, this lawsuit is part of an emerging pattern of similar cases against major employers such as Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) and Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>).
These cases are examining the role of employers in the escalating healthcare costs in the US and&nbsp;the profits of pharmacy benefit&nbsp;managers like CVS.
Also Read: <a href="https://www.benzinga.com/news/25/01/43076952/heres-the-jaw-dropping-total-jpmorgan-chase-paid-to-fight-legal-battles-over-two-years">Here&#8217;s The Jaw-Dropping Total JPMorgan Chase Paid To Fight Legal Battles Over Two Years</a>
The lawsuit alleges that JPMorgan&nbsp;breached its fiduciary duties under&nbsp;the Employee Retirement Income Security&nbsp;Act, which regulates large employers&#8217; benefit plans. The case also highlights instances where JPMorgan&#8217;s&nbsp;plan from CVS Health had&nbsp;significantly&nbsp;higher prices than what patients&nbsp;would pay without insurance.
As of now, JPMorgan has not responded to requests for comment, and a CVS spokesperson declined to comment. The case,&nbsp;Seth Stern et al v.&nbsp;JPMorgan Chase &amp; Co. et al, 25-cv-02097, has been&nbsp;filed in the Southern District&nbsp;of New York.
Why It Matters:&nbsp;This lawsuit underscores the ongoing debate about the role of employers and pharmacy benefit managers in the rising costs of healthcare in the US. 
The outcome of this case could potentially influence how other companies manage their employee health benefits, particularly in relation to prescription drug costs. 
It also raises questions about the transparency and fairness of pricing in the pharmaceutical industry.
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Allegations of Inflated Prescription Drug Costs Spark Employee Lawsuit Against JPMorgan

In the escalating trade war initiated by President Donald Trump,&nbsp;Boeing Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) may face significant challenges, potentially tipping the scales in favor of its European competitor,&nbsp;Airbus SE&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>).
What Happened: The increased tariffs imposed by Trump could lead to a price hike of $40 million for a Boeing 787 in a worst-case scenario. This information comes from&nbsp;AerCap Holdings N.V.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AER#NYSE">AER</a>) CEO Aengus Kelly. 
As a major aircraft leasing company, AerCap would be significantly impacted by such price increases.
"In an absolute worst case scenario, say, a 25% increase across the board on tariffs, a tit-for-tat from both sides — a Boeing 787, the price will go up by $40 million. No one's going to want to pay that," Kelly <a href="https://www.youtube.com/watch?v=YbPWery3vbg">told</a> CNBC in a recent interview.
Boeing, a leading manufacturer in Mexico, could face increased costs on imported parts due to the tariffs. Last week, CEO Kelly Ortberg alerted employees about the potential cost increase&nbsp;on parts like landing gear&nbsp;imported from Canada.
Trump&#8217;s&nbsp;25% tariffs on steel and&nbsp;aluminum have already prompted retaliation from Europe, with potential further rebuttals on the horizon. This could result in Boeing&#8217;s aircraft becoming&nbsp;more expensive in key European&nbsp;markets.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/09/40681758/boeing-shares-dip-in-pre-market-as-32k-workers-plan-companys-first-strike-in-16-years" target="_blank" rel="noreferrer noopener">Boeing Shares Dip In Pre-Market As 32K Workers Plan Company's First Strike In 16 Years</a>
Conversely, Airbus may have some protection against U.S. tariffs due to its&nbsp;facilities in Alabama, Mississippi, and&nbsp;Florida. CEO Guillaume Faury indicated that the company might&nbsp;prioritize deliveries to non-U.S. customers&nbsp;if tariffs disrupt its operations.
According to Kelly, the worst-case scenario could see most airlines turning&nbsp;to Airbus for their new&nbsp;aircraft, potentially giving Airbus control of 75% to&nbsp;80% of the global market.
However, he cautioned, it's still too early to fully grasp the impact of the tariffs.
Why It Matters: The escalating trade war and the resulting tariffs could significantly alter the dynamics of the global aircraft market. Boeing, already grappling with the fallout from the 737 Max crisis, could face further setbacks due to increased costs. 
On the other hand, Airbus could potentially gain a significant advantage, especially if it can navigate the tariff landscape more effectively. 
The outcome of this situation could have far-reaching implications for the global aviation industry.
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EADSY

Trade War May Boost Airbus Over Boeing — AerCap CEO Says 'No One's Going To Want To Pay That'

Mark Cuban wants to hire former U.S. Digital Service employees for his <a href="https://www.benzinga.com/general/social-media/25/03/44211144/mark-cuban-reveals-the-thing-he-respects-most-about-elon-musk-what-hes-been-able-to-accomplish-is-insane-its-incredible">upcoming business venture</a>.
What Happened: Cuban is currently reviewing business proposals&nbsp;from former and current employees&nbsp;of&nbsp;the General Services Administration (GSA)&nbsp;and the White House. 
The goal is to back potential companies and help their workforce leverage the skills they gained while serving as federal government contractors, <a href="https://www.politico.com/news/2025/03/12/mark-cuban-doge-technology-services-00227218">reports</a> Politico.
The new venture by Cuban aims to hire ex-members of the U.S. Digital Service, a federal agency&#8217;s internal IT consulting group, which was renamed as the Department of Government Efficiency (DOGE) by an executive order from President Donald Trump and placed under the control of Elon Musk. On February, 21 Digital Service employees chose to resign instead of aiding DOGE in cutting down federal expenditures, including through widespread layoffs.
"I think it's possible to out-Elon Elon, because the people he will bring in don't know what they don't know," Cuban told the outlet.
"A couple have a real chance to turn into small companies that can leverage their expertise," Cuban added, referring to some of the workers.
Cuban also intends to bring on board former employees of the 18F unit within the GSA, a unit tasked with updating and creating crucial tech services for the government. This unit was disbanded on March 1.
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Despite the financial hurdles previously encountered by 18F, Cuban is confident that his new firm will need to generate income from the private sector, along with federal funding. Until a more supportive federal government is established, the company may&nbsp;have to rely on state&nbsp;and local contracts, as suggested by a former 18F employee.
Thomas Shedd, a former Tesla engineer now leading Technology Transformation Services, told staff that 18F "was not and has not been fully cost coverable."
"Despite the losses the team was incurring, 18F with their recent hourly prices were on the very high end of the technology consulting market," Shedd said.
Why It Matters: Cuban&#8217;s move to hire former Tesla and government employees underlines the value of their unique skill sets, honed in both private and public sectors. 
This venture could potentially bridge the gap between government and private sector technology initiatives, fostering innovation and efficiency. 
The focus on generating private sector revenue also indicates a strategic approach to maintaining financial stability, even amidst changing government policies.
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Mark Cuban Wants to 'Out-Elon' Musk by Hiring US Digital Service Veterans

Elon Musk, the CEO of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), is under fire from investors who are concerned about his lack of focus on the company.
What Happened: Musk&#8217;s attention seems to have shifted from Tesla to his role in President Donald Trump&#8216;s Department of Government Efficiency (DOGE).
Musk, a staunch&nbsp;supporter of Trump, assumed the role of&nbsp;a senior White House adviser&nbsp;after Trump&#8217;s inauguration. Since Trump took office, protests have been held&nbsp;at Tesla showrooms and facilities&nbsp;across the U.S. 
These protests have ranged from peaceful demonstrations to violent acts of vandalism targeting the company&#8217;s facilities, individual vehicles, and Superchargers. Musk&#8217;s remarks on foreign politics have sparked controversy in Europe, resulting in attacks on Tesla vehicles and facilities and a decline in sales in most countries.
As per the report <a href="https://qz.com/elon-musk-donald-trump-tesla-stock-sales-ev-doge-1851769331">by</a> Quartz, Wedbush Securities analyst Dan Ives has pointed out that Tesla investors&#8217; patience is running thin due to Musk&#8217;s noticeable absence from Tesla&#8217;s factories or manufacturing facilities over the last two months.
"In a nutshell the word ‘balance' has been missing with Elon Musk and his ability to run Tesla as CEO, while instead focusing all of his energy and time driving his [Department of Government Efficiency] initiative within the Trump Administration," Ives told the outlet. 
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"Tesla investors are seeing patience wear thin as Musk is not reading the room. there has been "little to no sign of Musk at any Tesla factory or manufacturing facility in the last two months," he added.
Despite the criticism, several high-profile conservatives, including Fox News host Sean Hannity, have shown their support for Tesla by purchasing new vehicles and encouraging their followers to do the same.
On Wednesday, Tesla&#8217;s stock rose nearly 4% in pre-market trading, following a nearly&nbsp;4% increase the previous day.&nbsp;However, the&nbsp;stock was down more&nbsp;than 35% year-to-date.
Musk pledged on Tuesday&nbsp;that Tesla would double its&nbsp;vehicle production in the U.S.&nbsp;over the next two years.&nbsp;However, the specifics of this plan, including potential new investments, remain unclear.
Why It Matters: Investor confidence is a critical factor in a company&#8217;s success, and the current criticism Musk is facing could potentially impact Tesla&#8217;s performance. His involvement in the Trump administration and the resulting protests and vandalism could further affect the company&#8217;s reputation and sales. 
The uncertainty surrounding Musk&#8217;s commitment to Tesla and the lack of clarity on his plan to double vehicle production adds to the growing concerns among investors.
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Tesla's Biggest Bull Frustrated With Elon Musk's Focus On DOGE Over Company: 'Patience Wearing Thin'

Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) has put a halt on its share buyback program.
What Happened: From&nbsp;February 10 to March 5,&nbsp;Berkshire Hathaway&nbsp;refrained from repurchasing any shares. 
A report <a href="https://www.barrons.com/articles/berkshire-stock-buyback-drought-warren-buffett-e34f73be">from</a> Barron's, citing the company&#8217;s proxy statement released on Friday, confirmed that there were approximately 1.438 million shares outstanding as of March 5, indicating no buybacks during this period.
This comes as the company&#8217;s stock is nearing an all-time high, marking the longest period without buybacks since CEO&nbsp;Warren Buffett&nbsp;was granted extended repurchase authority in 2018.
Despite the absence of buybacks,&nbsp;Berkshire&#8217;s stock has continued to perform robustly, outpacing the S&amp;P 500 this year. 
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Investors are&nbsp;drawn to the company&#8217;s diverse&nbsp;earnings base and defensive appeal,&nbsp;bolstered&nbsp;by over $300 billion in&nbsp;cash and equivalents.
According to <a href="https://www.benzinga.com/pro/">Benzinga</a> Pro, on Friday, Berkshire's Class A shares increased by 1.9% to $771,250, nearing a record high, while Class B shares rose 2% to $514.60.
The stock&nbsp;has seen a gain of approximately 13% this year, significantly surpassing the S&amp;P 500's 4% decline.
Why It Matters: Analysts estimate that Berkshire's intrinsic value is&nbsp;close to its current stock&nbsp;price. If the share price remains high,&nbsp;the company may continue to&nbsp;abstain from&nbsp;stock buybacks throughout the year,&nbsp;as per Barron&#8217;s. 
This could potentially impact the company&#8217;s future financial strategies and investor sentiment.
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Earnings

Berkshire Hathaway Pauses Buybacks With Stock Near All-Time High

SpaceX has denied that its Starlink satellite unit aims to take over Verizon Communication's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) $2.4 billion telecommunications contract with the Federal Aviation Administration, amid speculation about <a href="https://www.benzinga.com/markets/25/03/44276820/elon-musk-reportedly-pledges-100-million-to-trump-linked-political-groups-amid-billion-dollar-losses-in-his-net-worth">Elon Musk&#8217;s influence in the Trump administration</a>.
&#8220;Starlink is a possible partial fix to an aging system. There is no effort or intent for Starlink to &#8216;take over&#8217; any existing contract,&#8221; SpaceX <a href="https://x.com/SpaceX/status/1897376764105478206">posted on X last week</a>. The company said it is &#8220;working with L3Harris and the FAA&#8221; on potential &#8220;infrastructure upgrade for aviation safety.&#8221;
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The clarification came before Transportation Secretary Sean Duffy&#8216;s criticism of Verizon&#8217;s implementation pace. &#8220;Verizon is not moving fast enough,&#8221; Duffy said at a Tuesday press conference, <a href="https://www.reuters.com/business/media-telecom/usdot-says-verizon-not-moving-fast-enough-24-billion-faa-contract-2025-03-11/">according to Reuters</a>. &#8220;I can&#8217;t wait 10 years&#8230; The American people can&#8217;t wait 10 years or 12 years to lay fiber.&#8221;
Verizon responded that it is &#8220;open and willing to work with companies that may offer complementary services&#8221; and has solutions &#8220;ready to be deployed.&#8221;
The FAA is currently testing Starlink systems at several locations while noting that modernizing air traffic control will require &#8220;multiple technologies and companies.&#8221; <a href="https://www.reuters.com/business/aerospace-defense/faa-says-agency-needs-multiple-technologies-us-air-traffic-system-2025-03-05/">According to Reuters</a>, testing includes three Starlink terminals at an Alaska facility to improve weather information access for pilots, with additional evaluations underway in Oklahoma City and Atlantic City, New Jersey.&nbsp;
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The Government Accountability Office has urged immediate action on aging air traffic control systems, noting one-third are unsustainable, <a href="https://www.reuters.com/business/aerospace-defense/faa-says-agency-needs-multiple-technologies-us-air-traffic-system-2025-03-05/">according to Reuters</a>. It has prompted discussions about the Verizon contract, which Reuters reported is under FAA review.
Some Democrats have suggested the contract might be redirected to Starlink, citing Musk&#8217;s relationship with President Donald Trump and his role leading the Department of Government Efficiency.&nbsp;
Musk has previously criticized the FAA&#8217;s current telecommunications infrastructure.
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However, Duffy indicated no single company would provide the complete solution. &#8220;It&#8217;s not going to be one company. We&#8217;re going to need a lot of companies to buy in and help build up the system,&#8221; Duffy said.
Verizon, which met with senior FAA officials last week according to Reuters sources, maintains it &#8220;remains best positioned&#8221; to provide the needed technological enhancements.
The FAA has said it has not made any decision on the contract&#8217;s future, while Duffy plans to request &#8220;tens of billions of dollars&#8221; from Congress for air traffic control reform.
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Musk's Starlink Says It's Not Taking Over $2.4 Billion FAA Contract—But Testing Is Underway

President Donald Trump&#8216;s publicity stunt for Elon Musk-owned Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has not resulted in a sales uptick, as per the latest inventory check and new order delivery timelines in the U.S.
What Happened: A high-profile Tesla event in front of the White House this week has not yet had a positive effect on the company&#8217;s sales.
According to a report <a href="https://electrek.co/2025/03/14/trump-tesla-commercial-not-helping-inventory-check/">by</a> Electrek, despite being only four days since the event took place, it seems to have had minimal impact on Tesla&#8217;s sales, based on inventory checks and new order delivery timelines.
This event took place a day after Tesla&#8217;s stock took a 15% dive, significantly impacting Musk&#8217;s wealth.
Musk, a substantial financial backer of Trump, is reportedly considering another $100 million donation to Trump, leading to speculation about a potential reciprocal arrangement.
As of March 14, Tesla&#8217;s U.S. inventory showed no significant changes since the day of Trump&#8217;s ad. The Model 3 and Cybertruck inventories remained stable, with the only noticeable change being a decrease in the Model Y inventory by about 800 units.
Also Read: <a href="https://www.benzinga.com/news/25/03/44209536/trump-vs-musk-federal-workers-unconvinced-hell-take-action-if-they-dont-cut-elon-will-comments-show-whos-really-in-charge">Trump vs Musk? Federal Workers Unconvinced He&#8217;ll Take Action: &#8216;If They Don&#8217;t Cut, Elon will, Comments Show Who&#8217;s Really In Charge&#8217;</a>
On March 11, the day of the White House event, Tesla's U.S. inventory included 1,136 Model 3s, 2,332 Model Ys, and 1,010 Cybertrucks, according to Troy Teslike. As of March 14, the inventory stood at 1,435 Model 3s, 1,500 Model Ys, and 1,006 Cybertrucks. While Model 3 listings increased slightly, overall inventory levels remained relatively stable, showing no significant impact from the event.
However, attributing this decrease to Trump&#8217;s ad might be hasty, as Tesla has been aggressively discounting the old generation Model Y to make way for the new generation. 
While the event may have helped Tesla clear some old Model Y units, it&#8217;s highly unlikely that it spurred new orders for the new Model Y.
Why It Matters: The lack of a sales boost following the event raises questions about the effectiveness of such high-cost publicity stunts.
It also highlights the challenges Tesla faces in driving sales amid market volatility and the transition to new vehicle models. 
The situation underscores the importance of strategic marketing and product positioning in the highly competitive auto industry.
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Trump's Tesla Shoutout Falls Flat — No Spike in Orders or Inventory Movement

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