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Waterdrop

Waterdrop Inc is a technology platform dedicated to insurance and healthcare service. The Company is mainly engaged in operating an independent third-party insurance platform dedicated to providing insurance and healthcare service. The Company's main businesses are the insurance marketplace, medical crowdfunding, and mutual aid. The insurance marketplace business is collaborated with insurance carriers to offer health and life insurance products to ensure a smooth and friendly user experience throughout the process from underwriting to claim services. The medical crowdfunding business enabled people with medical costs.

Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A Ordinary Shares)

Waterdrop Inc

WEEDHIRE INTL INC by WeedHire International, Inc.

WeedHire International Inc

2025 Outlook
(i) Overall Performance: We expect our EBITDA to grow in line with our medium-term outlook of between 4-8%. The outlook for FY25 reflects our current assessment of inflation and other macroeconomic conditions.
(ii) Net Finance Costs: Net pension interest expenses and accretion expenses are expected to be in the range of 190 to 220 million USD per quarter, depending on currency and interest rate fluctuations. We expect the average gross debt coupon in FY25 to be approximately 4%.
(iii) Effective Tax Rate (ETR): We expect the normalized ETR in FY25 to be in the range of 26% to 28%. The ETR outlook does not consider the impact of potential future changes in legislation.
(iv) Net Capital Expenditure: We expect net capital expenditure of between 3.5 and 4.0 billion USD in FY25.

Earnings

News

Guidance

AB InBev Expects FY25 EBITDA Growth Of 4-8% Amid Stable Macro Outlook, Targets $3.5B–4BIn Net Capital Expenditure

OpenAI is reportedly negotiating with a senior technology executive to take on a major leadership role.
What Happened: OpenAI is in talks to bring in a senior tech executive to oversee several of the company's divisions, reported Reuters (<a href="https://www.theinformation.com/articles/openai-talks-hire-senior-executive-major-leadership-role">via</a> The Information).
The move is part of a larger leadership shake-up at the artificial intelligence firm, sources familiar with the matter told the publication.
See Also:&nbsp;<a href="https://benzinga.com/news/25/04/45090231/elon-musk-says-will-come-as-a-surprise-to-most-as-chinas-economy-surpasses-us-and-eu-amid-rising-tariffs-and" target="_blank" rel="noreferrer noopener">Elon Musk Says Will Come As A ‘Surprise To Most&#8217; As China&#8217;s Economy Surpasses US And EU Amid Rising Tariffs And Growing Recession Fears</a>
While OpenAI CEO Sam Altman is expected to continue leading the company's research and infrastructure teams — the critical units driving AI development — much of the rest of the organization would fall under the supervision of the new executive, the report said.
OpenAI did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Why It's Important: Earlier this week, it was reported that OpenAI has told investors it plans to <a href="https://www.benzinga.com/25/05/45244190/microsoft-faces-fresh-revenue-hit-as-openai-plans-to-reduce-payouts-by-2030-report">decrease the share of revenue</a> it allocates to Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
The report surfaced after it was announced that OpenAI&#8217;s nonprofit parent organization will <a href="https://www.benzinga.com/markets/25/05/45213089/openai-reverses-course-as-sam-altman-says-nonprofit-will-remain-in-control-amid-elon-musks-lawsuit-and-investor-pushback">maintain control</a> of the company.
Photo Courtesy: Primakov On Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

Media

MSFT

OpenAI Reportedly Reshaping Leadership, Taps Senior Executive To Run Divisions Beyond Sam Altman's AI Focus

Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) is seeking FDA approval for the pill version of its obesity drug, Wegovy. The company recently highlighted early data that shows safety and efficacy figures that are similar to its injectables.
What Happened: On Wednesday, during Novo&#8217;s <a href="https://benzinga.com/25/05/45252150/novo-nordisk-expects-fda-decision-for-oral-wegovy-by-end-of-2025-reports-mixed-q1-earnings">first quarter earnings</a> call, the company highlighted its upcoming oral weight loss drug, which CEO Lars Fruergaard calls &#8220;Wegovy in a pill,&#8221; and is currently under review by the U.S. Food and Drug Administration.
&#8220;If approved, this will be the first oral GLP-1 treatment for obesity in the United States,&#8221; Fruergaard said, adding that being first to market with a &#8220;known molecule, known efficacy, known safety&#8221; positions the company well in what he described as a smaller, but meaningful, segment of the market.
See More: <a href="https://www.benzinga.com/markets/equities/25/05/45275248/uber-ceo-dara-khosrowshahi-says-average-waymo-in-austin-is-busier-than-99-of-human-drivers">Uber CEO Dara Khosrowshahi Says &#8216;Average Waymo In Austin Is Busier Than 99%&#8217; Of Human Drivers</a>
Martin Lange, executive vice president of development at Novo, said the 25-milligram oral formulation &#8220;demonstrates an overall efficacy and safety profile similar to once-weekly injectable semaglutide 2.4 milligram.&#8221;
During the trial, adults struggling with obesity, who received 25 milligrams of oral semaglutide experienced &#8220;16.6% average weight loss,&#8221; Lange says, with one-third of participants experiencing weight loss of &#8220;20% of more.&#8221; Lange added that the FDA review is expected to conclude by late 2025 or early 2026.
Why It Matters: The company saw a <a href="https://benzinga.com/25/05/45252150/novo-nordisk-expects-fda-decision-for-oral-wegovy-by-end-of-2025-reports-mixed-q1-earnings">big surge in Wegovy sales</a> during the first quarter, at $2.63 billion, up 85% year-over-year, as it gears up to launch the oral version of its drug.
This comes amid analyst predictions that rival Eli Lilly And Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) oral weight loss drugs can <a href="https://www.benzinga.com/general/biotech/25/04/44934811/eli-lilly-positioned-to-dominate-obesity-market-with-oral-option-analyst-initiates-with-confidence">take share away</a> from Novo&#8217;s Semaglutide. 
During its first quarter, Novo Nordisk generated $10.9 billion in sales, missing consensus estimates at $11.64 billion, with a profit of $0.92 per share, beating estimates at $0.90. 
Price Action: The stock was up 1.90% on Wednesday, but is down 2.38% after hours following the company&#8217;s first quarter earnings release.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="137" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08011053/Screenshot-2025-05-08-at-10.40.38-AM-1024x137.png" alt="" class="wp-image-907057" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08011053/Screenshot-2025-05-08-at-10.40.38-AM-1024x137.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08011053/Screenshot-2025-05-08-at-10.40.38-AM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08011053/Screenshot-2025-05-08-at-10.40.38-AM-768x103.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08011053/Screenshot-2025-05-08-at-10.40.38-AM-1536x205.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08011053/Screenshot-2025-05-08-at-10.40.38-AM.png 1588w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
According to Benzinga Edge Stock Rankings, Novo Nordisk has an unfavorable price trend in the short, medium, and long term. For more insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a>.
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Read More: <a href="https://www.benzinga.com/markets/25/05/45274831/trump-tariff-pressure-reportedly-opens-global-doors-for-elon-musks-starlink-as-nations-rush-to-show-goodwill">Trump Tariff Pressure Reportedly Opens Global Doors For Elon Musk&#8217;s Starlink As Nations Rush To Show &#8216;Goodwill&#8217;</a>

Health Care

Markets

Novo Nordisk Says Its 'Wegovy In A Pill' Delivers Big: '16.6% Average' Weight Loss, Over 20% For One-Third Of Adults Struggling With Obesity

Pharming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAR#NASDAQ">PHAR</a>) reported quarterly sales of $79.10 million which beat the analyst consensus estimate of $67.73 million by 16.78 percent. This is a 42.30 percent increase over sales of $55.59 million the same period last year.

PHAR

Pharming Q1 Sales $79.10M Beat $67.73M Estimate, Adj. Net Loss $7.1M

argenx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) reported quarterly earnings of $2.58 per share which beat the analyst consensus estimate of $2.25 by 14.67 percent. This is a 348.08 percent increase over losses of $(1.04) per share from the same period last year. The company reported quarterly sales of $807.31 million which beat the analyst consensus estimate of $795.84 million by 1.44 percent. This is a 102.70 percent increase over sales of $398.28 million the same period last year.

Earnings Beats

ARGX

argenx Q1 EPS $2.58 Beats $2.25 Estimate, Sales $807.31M Beat $795.84M Estimate

Anheuser-Busch InBev (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>) reported quarterly earnings of $0.81 per share which beat the analyst consensus estimate of $0.74 by 9.46 percent. This is a 8 percent increase over earnings of $0.75 per share from the same period last year. The company reported quarterly sales of $13.63 billion which missed the analyst consensus estimate of $13.78 billion by 1.09 percent. This is a 6.32 percent decrease over sales of $14.55 billion the same period last year.

Earnings Misses

Anheuser-Busch InBev Q1 Adj. EPS $0.81 Beats $0.74 Estimate, Sales $13.63B Miss $13.78B Estimate

Macro Economic Events

Econ #s

Economics

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan 10-Year JGB Auction 1.274% Vs. 1.405% Prior

Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) revealed during its first quarter of 2025 earnings call that autonomous vehicles from Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo unit are outperforming human drivers in terms of utilization rates in their Austin, Texas deployment.
What Happened: &#8220;The average Waymo in Austin is busier than 99% of Austin drivers as defined by the number of trips per day,&#8221; CEO Dara Khosrowshahi told investors during Wednesday&#8217;s call, indicating the company&#8217;s strategic bet on autonomous technology is yielding early operational advantages.
The rideshare giant <a href="https://www.benzinga.com/news/earnings/25/05/45252907/uber-sees-strong-trip-growth-but-warns-on-us-rideshare-pressure-in-2025-outlook">reported first-quarter earnings</a> per share of $0.83, while revenue was $11.53 billion.
Uber&#8217;s deployment in Austin currently involves approximately 100 Waymo vehicles, with plans to expand. The autonomous fleet is showing &#8220;very high utilization,&#8221; with consumers giving the service positive ratings. This performance comes as Uber has announced five autonomous driving partnerships in recent months spanning the U.S., Europe, and the Middle East.
&#8220;We are going to continue to increase the vehicle count in Austin, and we&#8217;re super excited for expansion in Atlanta as well,&#8221; Khosrowshahi added.
See Also: <a href="https://www.benzinga.com/markets/25/05/45274831/trump-tariff-pressure-reportedly-opens-global-doors-for-elon-musks-starlink-as-nations-rush-to-show-goodwill">Trump Tariff Pressure Reportedly Opens Global Doors For Elon Musk&#8217;s Starlink As Nations Rush To Show &#8216;Goodwill&#8217;</a>
Why It Matters: The company achieved a record adjusted EBITDA of $1.9 billion, up 35% year-over-year, while delivering strong trip growth of 19% for the third consecutive quarter. Monthly active users increased 14% to 170 million.
CFO Prashant Raja highlighted that insurance costs, a persistent headwind for the mobility sector, are moderating with March CPI for insurance showing 7% year-over-year growth, &#8220;the lowest we&#8217;ve seen in almost three years.&#8221;
Uber expects consistent top-line growth with improving margins for the remainder of 2025, focusing on what Khosrowshahi described as their &#8220;multiyear growth framework&#8221; across mobility, delivery, and newer market expansions.
Price Action: Uber stock closed at $83.65 on Tuesday, down 2.54% for the day. In after-hours trading, the stock edged up 0.14% to $83.77. Year to date, Uber shares have gained 32.42%.
Uber is showing stronger momentum compared to rival Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>), but trails on certain growth metrics, according to Benzinga Edge Stock Rankings. The stock maintains a positive price trend in the short and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Sign up to learn more</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/general/health-care/25/05/45245367/novo-nordisks-weight-loss-blockbuster-faces-setback-from-us-compounding-surge-forecast-trimmed">Novo Nordisk&#8217;s Weight Loss Blockbuster Faces Setback From US Compounding Surge, Forecast Trimmed</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: DenPhotos / Shutterstock.com

Equities

GOOG

GOOGL

LYFT

UBER

Uber CEO Dara Khosrowshahi Says 'Average Waymo In Austin Is Busier Than 99%' Of Human Drivers

Ethereum's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) widely anticipated Pectra upgrade failed to have an immediate impact, with the second-largest cryptocurrency barely moving after its activation Wednesday.
What happened: ETH was up 0.96%, while trading volume rose scarcely by 0.52% over the last 24 hours.
According to IntoTheBlock, daily active addresses <a href="https://app.intotheblock.com/">decreased </a>by 0.25% in the last 24 hours, indicating a lukewarm response to the upgrade that brings significant changes to the Ethereum ecosystem.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45246100/bitcoin-to-hit-100000-soon-polymarket-bettors-are-putting-big-money-on-it">Bitcoin To Hit $100,000 Soon? Polymarket Bettors Are Putting Big Money On It</a>
However, in a note shared with Benzinga, analysts at cryptocurrency payment company B2BINPAY declared the upgrade a tailwind and a "strong" fundamental catalyst for ETH.
"Investors should be ready for potential price resistance in the $1,900–$2,000 range, where previous rejections have occurred in the beginning of April," the analytics team said. "Still, strong "tailwinds" from its internal network upgrade and improving global conditions could help the price break through the critical resistance zone and consolidate over $2,000."
Pectra introduces <a href="https://www.benzinga.com/25/05/45260729/ethereums-pectra-upgrade-goes-live-reshapes-wallet-logic-and-raises-security-and-bandwidth-concerns">sweeping changes across the Ethereum protocol</a>, most notably increasing the amount of ETH one can stake from 32 to 2,048.
Other significant changes include the ability to pay network transaction fees in stablecoins rather than ETH.
"While these changes are geared towards bolstering Ethereum&#8217;s infrastructure, short-term price movements may remain subdued due to market anticipation of the Federal Reserve&#8217;s interest rate decision," Grigore Roșu, founder &amp; CEO of Pi Squared, told Benzinga earlier today.
Price Action:  At the time of writing, ETH was exchanging hands at $1,862.80, up 2.2% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the cryptocurrency was down 43.90%
Photo Courtesy: VPLAB On Shutterstock.com
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

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$ETH

Ethereum Flat After Pectra Upgrade, But Analyst Foresees Overhaul 'Tailwind' That Could Take ETH Above $2,000

On Wednesday, Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) CEO Bob Iger acknowledged that Marvel Studios stretched itself too thin by producing too much content for streaming.
What Happened: Speaking on Disney's <a href="https://www.benzinga.com/25/05/45251203/disney-rides-strong-subscriber-growth-and-movie-hits-lifts-forecast-with-1-billion-streaming-goal">second-quarter 2025 earnings</a> call, Iger admitted that Marvel's heavy focus on producing content for Disney+ led to creative strain and diluted quality.
"We all know that in our zeal to flood our streaming platform with more content that we turned to all of our creative engines, including Marvel, and had them produce a lot more," Iger said, adding, "We've also learned over time that quantity does not necessarily beget quality."
To address this, Iger said Disney is now <a href="https://www.benzinga.com/general/entertainment/25/03/44518045/disney-assembles-avengers-x-men-fantastic-four-in-upcoming-marvel-movie">consolidating Marvel's efforts</a> and refocusing on theatrical films over Disney+ series. He highlighted "Thunderbolts" as the first example of this new approach.
See Also:&nbsp;<a href="https://benzinga.com/25/04/45003790/mark-cuban-slams-amazon-for-ripping-off-american-sellers-as-tariffs-are-predicted-to-boost-ecommerce-brands-profi" target="_blank" rel="noreferrer noopener">Mark Cuban Slams Amazon For ‘Ripping Off American Sellers&#8217; As Trump Tariffs Are Predicted To Boost Ecommerce Brands&#8217; Profits</a>
Why It's Important: Thunderbolts brought in <a href="https://www.benzinga.com/media/25/05/45199354/disney-marvels-thunderbolts-opens-to-162-million-globally">$76 million at the domestic box office</a> during its opening weekend across 4,330 theaters, with an additional $86.1 million earned internationally. The film was produced on a budget of roughly $180 million.
Since acquiring Marvel for $4 billion in 2009, Disney has seen a massive return on investment. All four Avengers films now sit among the 15 highest-grossing movies of all time. As of August 2024, Marvel has reportedly contributed an estimated $13.2 billion in value to Disney.
Last year, at San Diego Comic-Con, Marvel stunned fans with the unexpected announcement that Robert Downey Jr. would return to the MCU—not as Iron Man, but as the legendary villain Doctor Doom. Avengers: Doomsday is scheduled to hit theaters on May 1, 2026.
Disney released its fiscal second-quarter 2025 earnings on Wednesday, reporting a 7% year-over-year revenue increase to $23.62 billion, surpassing analyst expectations of $23.14 billion. The strong performance was fueled by gains in the company's Entertainment and Experiences segments.&nbsp;
Price Action: Disney shares dipped 0.088% in after-hours trading, settling at $102 at the time of writing, following a 10.76% surge during regular trading hours on Wednesday, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Benzinga Edge Stock Rankings assigns Disney a solid growth score of 63.28%, highlighting the company's strong market momentum. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against other stocks</a>.
Photo Courtesy: Miguel Lagoa On Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Entertainment

Bob Iger Admits Marvel Lost Focus By Making Too Much Content, Saying 'Quantity Does Not Necessarily Beget Quality' — Here's What Disney Plans To Do Now

Countries facing U.S. tariffs are reportedly increasingly granting licenses and approvals to Elon Musk's Starlink — the satellite internet arm of SpaceX — as part of efforts to smooth trade relations with the Donald Trump administration.
What Happened: For example, just weeks after Trump announced a 50% tariff on goods from Lesotho, the small African nation approved Starlink's first-ever satellite internet license, set to last 10 years, <a href="https://www.washingtonpost.com/business/2025/05/07/elon-musk-starlink-trump-tariffs/?utm_campaign=wp_main&amp;utm_source=facebook,twitter&amp;utm_medium=social">reported</a> the Washington Post.&nbsp;
According to internal State Department cables obtained by the publication, Lesotho hoped the decision would "demonstrate goodwill and intent to welcome U.S. businesses" as it negotiated trade deals.
Lesotho isn't alone. Countries like India, Cambodia, Somalia, Bangladesh, Pakistan, Vietnam, and the Democratic Republic of Congo have also made <a href="https://www.benzinga.com/markets/25/03/44487526/elon-musks-starlink-gains-green-light-in-vietnam-to-begin-satellite-internet-service-trial">moves to accommodate</a> Starlink, often during or after trade talks.
See Also: <a href="https://www.benzinga.com/general/space/25/05/45163320/as-elon-musks-spacex-adds-28-starlinks-research-flags-climate-impact-from-deorbiting-satellites">As Elon Musk&#8217;s SpaceX Adds 28 Starlinks, Research Flags Climate Impact From Deorbiting Satellites</a>
In India, two sources familiar with the matter told the publication that <a href="https://www.benzinga.com/general/space/25/03/44244377/elon-musks-spacex-partners-with-airtel-to-launch-starlink-in-india-weeks-after-pm-narendra-modis-us-visit">Starlink approvals</a> were sped up in part because local officials believed it would help cement a broader trade deal with Washington.
While the U.S. government has not explicitly demanded regulatory favors for Starlink in exchange for lower tariffs, the cables show that Secretary of State Marco Rubio has instructed diplomats worldwide to advocate for American satellite companies, with Starlink often named directly, the report added.
This is part of the administration's efforts to counter Chinese and Russian telecom providers.
&#8220;The only consideration in the Trump administration's trade negotiations with other countries is what's best for the American people — which includes American companies succeeding at home and abroad,&#8221; White House spokesperson Kush Desai told the publication. &#8220;President Trump will not tolerate any conflicts of interest, and every administration official is following ethical guidelines set by their respective agencies.&#8221;
Why It's Important: Musk has contributed $277 million to Trump's campaign and other Republican candidates during last year's election cycle.
The Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO also holds a position within the administration, overseeing the Department of Government Efficiency Service, although he has indicated plans to <a href="https://www.benzinga.com/news/management/25/05/45140155/musk-shifts-focus-back-to-tesla-says-doge-will-endure-without-him-is-buddha-needed-for-buddhism">step back from his day-to-day management role</a>.
Starlink has reached 5 million customers as of March. The explosive growth of Starlink has played a major role in propelling SpaceX's valuation to an estimated $350 billion as of December 2024, making it the most valuable privately held company in the world.
Despite this surge, some industry analysts remain cautious, questioning whether the company's sky-high <a href="https://www.benzinga.com/25/04/44731833/starlinks-challenges-poses-threat-to-the-high-valuation-of-elon-musks-spacex-report">valuation can be sustained</a> over the long term.
Read Next:
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<li><a href="https://benzinga.com/25/04/44710082/trumps-liberation-day-tariffs-wipe-out-174-billion-from-the-net-worth-of-worlds-top-10-billionaires-including-war" target="_blank" rel="noreferrer noopener">Trump's Tariff Turmoil Topples Ultra-Rich's Wealth — $174B Wiped Out From Fortunes Of World's Top 10 Billionaires, Including Elon Musk, Warren Buffett And Mark Zuckerberg</a></li>
</ul>
Photo Courtesy: RossHelen On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

TSLA

Trump Tariff Pressure Reportedly Opens Global Doors For Elon Musk's Starlink As Nations Rush To Show 'Goodwill'

On Wednesday, Cathie Wood&#8216;s Ark Invest made notable trades involving Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), and Tempus AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>). These trades reflect Ark&#8217;s ongoing strategy to adjust its portfolio in response to market dynamics and company performance.
The Nvidia Trade saw Ark Invest making significant purchases of the Jensen-Huang-led tech giant. shares across its ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>), ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>), ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>), and ARK Fintech Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#BATS">ARKF</a>). NVIDIA, a leader in AI and graphics processing, has been experiencing a surge in its stock value, partially driven by <a href="https://www.benzinga.com/news/earnings/25/04/45121790/nvidia-stock-surges-after-hours-whats-going-on">strong earnings</a> from tech giants like Microsoft Corp and Meta Platforms Inc. On Wednesday, Ark Invest acquired 64,838 shares in ARKK, 11,464 shares in ARKQ, and 19,645 shares in ARKW. The firm also picked up 11,714 shares through ARKF. With NVIDIA&#8217;s stock closing at $117.06, the total value of these purchases is approximately $12.6 million. 
The AMD Trade involved Ark Invest buying shares of the chipmaker across multiple ETFs, including ARKK, ARKQ, ARKW, and ARKX. AMD has been gaining traction in the data center and AI chip markets, buoyed by a <a href="https://www.benzinga.com/markets/equities/25/05/45244462/amazon-acquires-844-million-stake-in-amd-amid-ai-chip-expansion">recent strategic investment</a> from Amazon.com Inc. On Wednesday, Ark Invest purchased 74,648 shares in ARKK, 13,198 shares in ARKQ, 22,617 shares in ARKW, and 4,118 shares in ARKX. With AMD&#8217;s stock closing at $100.36, the total value of these acquisitions is approximately $11.5 million. 
The Palantir Trade saw Ark Invest reducing its stake in the Alex Karp-led company across several ETFs, including ARKF, ARKK, ARKQ, ARKW, and ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>). Despite Palantir&#8217;s strong first-quarter earnings, its stock has <a href="https://www.benzinga.com/25/05/45242668/cathie-wood-sells-41-million-worth-of-palantir-shares-following-post-earnings-plunge">faced downward pressure</a>. On Wednesday, Ark Invest sold 12,217 shares in ARKF, 270,498 shares in ARKK, 23,914 shares in ARKQ, 3,731 shares in ARKX, and 40,980 shares in ARKW. With Palantir&#8217;s stock closing at $110.48, the total value of these sales is approximately $38.8 million. Notably, Wood had <a href="https://www.benzinga.com/25/05/45242668/cathie-wood-sells-41-million-worth-of-palantir-shares-following-post-earnings-plunge">sold $41 million</a> worth of Palantir shares on Tuesday. Palantir is now Ark's fifth-largest holding, making up 6.62% of the portfolio with a total value of $324.4 million.
The Tempus AI Trade involved Ark Invest purchasing shares of the company through its ARKK ETF. Tempus AI, a company focused on precision medicine, recently reported strong first-quarter results, leading to a surge in its stock price. On Wednesday, Ark Invest acquired 75,020 shares of Tempus AI. With the stock closing at $58.76, the total value of this purchase is approximately $4.4 million. Tempus AI&#8217;s performance has been promising, with the company&#8217;s <a href="https://www.benzinga.com/general/health-care/25/05/45238450/tempus-ai-q1-earnings-revenue-beat-eps-beat-raised-fy-guidance-shares-surge">first-quarter revenue</a> coming in at $255.74 million, beating estimates of $248.13 million.
Other Key Trades:
<ul>
<li>Ark Invest bought shares of CRISPR Therapeutics AG in ARKK and ARKG.</li>
<li>Ark Invest sold shares of Arcturus Therapeutics Holdings Inc. in ARKG.</li>
<li>Ark Invest acquired shares of GitLab Inc. in ARKK.</li>
</ul>
AMD or Nvidia? Make decisions like that easier by getting the full picture. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here</a> to check out Benzinga Edge Stock Rankings
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="438" height="281" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07221135/Screenshot-2025-05-08-at-11.11.15.png" alt="" class="wp-image-906946" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07221135/Screenshot-2025-05-08-at-11.11.15.png 438w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07221135/Screenshot-2025-05-08-at-11.11.15-300x192.png 300w" sizes="(max-width: 438px) 100vw, 438px" /></a></figure>
Photo Courtesy: viewimage on Shutterstock.com
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<li><a href="https://benzinga.com/markets/cannabis/21/06/21541737/exclusive-jordan-tishler-md-talks-about-medical-cannabis-success-rates-side-effects-and-that-it-" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Jordan Tishler, MD Talks About Medical Cannabis, Success Rates, Side Effects And That It Should Be A Specialty Field Of Its Own &#8211; Benzinga</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

ARKF

ARKK

ARKQ

ARKW

ARKX

NVDA

PLTR

Cathie Wood Strengthens AI Chip Holdings With Nvidia And AMD Purchases, Reduces Palantir Position By Another $38.8 Million

Leading cryptocurrencies traded sideways on Wednesday, as the Federal Reserve <a href="https://www.benzinga.com/government/regulations/25/05/45266366/powell-flags-sharp-tariff-shock-elevated-uncertainty-fed-sticks-to-wait-and-see-mode">warned of macroeconomic dangers</a> from President Donald Trump&#8217;s tariff moves.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:00 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+0.53%</td>
<td>$98,018.94</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.89%</td>
<td>$1,830.59</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.88%</td>
<td>$0.1721</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin encountered tough resistance in the mid-$97,000s throughout the day before breaking the barrier overnight and recovering $98,000 for the first time since Feb. 21.
Bitcoin's market dominance rose to a yearly high of 64.4%, signaling continued capital rotation from other assets to the apex cryptocurrency.
Ethereum recovered after falling to an intraday low of $1,788.69 in a turbulent trading session that saw volume soar up to 220%.
Over $184 million was liquidated from the cryptocurrency market in the last 24 hours, with bearish bets accounting for the majority.
Bitcoin's Open Interest dropped marginally by 0.78% in the last 24 hours. Interestingly, over 63% of the Bitcoin derivatives traders on Binance bet against the leading cryptocurrency.
The "Greed" sentiment prevailed in the market, according to the Crypto Fear and Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Eos (EOS)</td>
<td>+16.78%</td>
<td>$0.8168</td>
</tr>
<tr>
<td>Stacks (STX)</td>
<td>+9.62%</td>
<td>$0.892</td>
</tr>
<tr>
<td>Zcash (ZEC)</td>
<td>+5.10%</td>
<td>$40.32</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3 trillion, following a 0.20% contraction in the last 24 hours.
Stocks staged a pullback on Wednesday. The Dow Jones Industrial Average rose 284.97 points, or 0.70%, to end at 41,113.97. The S&amp;P 500 gained 0.43% to close at 5,631.28, while the tech-focused Nasdaq Composite spiked 0.27%, ending at 17,738.16.
Fed Chair Jerome Powell flagged concerns that Trump's tariff measures could lead to higher inflation, weaker growth, and a rise in unemployment. This came after the central bank&#8217;s widely predicted decision to maintain interest rates at 4.25%-4.50%.
Additionally, shares of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) climbed late in the day on reports that the Trump administration plans to <a href="https://www.benzinga.com/news/global/25/05/45269811/chip-stocks-rise-as-trump-reportedly-plans-to-roll-back-biden-era-ai-export-curbs">scrap Biden-era AI chip curbs</a>.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Cryptocurrency analyst Rekt Capital stated that the altseason, which occurs when altcoins outperform Bitcoin in price gains, would begin once Bitcoin dominance hits the 71% ceiling, about 6% away from current value.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Dominance If history repeats, the real Altseason everybody is waiting for would begin once Bitcoin Dominance rejects from 71% (red) And right now, 71% is only ~6% away<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Altseason?src=hash&amp;ref_src=twsrc%5Etfw">#Altseason</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/29vBkhA5aj">pic.twitter.com/29vBkhA5aj</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1920102471851995590?ref_src=twsrc%5Etfw">May 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Cryptocurrency expert and trader Michaël van de Poppe expressed optimism in Ethereum&#8217;s short-term prospects, stating that the cryptocurrency was holding above a &#8220;crucial&#8221; level.
"I think we&#8217;ll be about to witness a big breakout to $2,100 in the coming 1-2 weeks," the analyst said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> is hodling above the crucial level and starts to bounce upwards. I think we&#39;ll be about to witness a big breakout to $2,100 in the coming 1-2 weeks. <a href="https://t.co/p10vYV6ueX">pic.twitter.com/p10vYV6ueX</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1920059784788918717?ref_src=twsrc%5Etfw">May 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: alfernec on Shutterstock.com
Read Next:    
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Movers

Trading Ideas

$DOGE

Bitcoin Taps $98,000, Ethereum, Dogecoin Steady As Fed Chair Jerome Powell Raises Trump Tariff-Induced Concerns: Analyst Says ETH Holding Above 'Crucial Level' And Begins Its 'Bounce Upwards'

Amazon.com, Inc. founder Jeff Bezos has long admired Sony Group Corporation's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) mission to transform Japan's reputation for quality, and its legacy has also delivered impressive long-term gains for investors.
What Happened: In a 2012 interview with host Charlie Rose, Bezos highlighted Sony's postwar mission as a rare example of a company setting a purpose bigger than itself.
"Right after World War II, Akio Morita — the guy who founded Sony — set as the mission for Sony that they were going to make Japan known for quality," Bezos said.
"You have to remember, this was a time when Japan was known for cheap, copycat products. And Morita didn't say, ‘We're going to make Sony known for quality.' He said, ‘We're going to make Japan known for quality.' He chose a mission for Sony that was bigger than Sony."
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45187948/skype-is-officially-retiring-today-if-youd-invested-1000-when-microsoft-bought-it-in-2011-heres-what-youd-be-sitting-on-now">Skype Is Officially Retiring Today — If You&#8217;d Invested $1,000 When Microsoft Bought It In 2011, Here&#8217;s What You&#8217;d Be Sitting On Now</a>
Bezos explained that this philosophy inspired Amazon's own mission to become "Earth's most customer-centric company," aiming for impact far beyond its own bottom line.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Founder Jeff Bezos discusses Amazon Business Model Mission" width="500" height="375" src="https://www.youtube.com/embed/mk0qTPqaFcw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It's Important: Sony was founded on May 7, 1946, in Tokyo, Japan, by engineer Masaru Ibuka and physicist Akio Morita. As of today, May 7, 2025, the company marks its 79th anniversary.
Originally named Tokyo Tsushin Kogyo K.K., Sony started by repairing radios and soon became a global pioneer in electronics, entertainment, and gaming.
If you had invested $1,000 in Sony stock exactly 40 years ago, on May 7, 1985, you would now hold an investment worth approximately $21,203, accounting for all the adjustments.
What&#8217;s Next: Today, Sony's semiconductor division remains the world's largest image sensor supplier, providing key components for devices like Apple Inc.'s iPhones — though this may change, as reports suggest Cupertino plans to switch to Samsung Electronics' camera sensors as early as 2026.
Still, in 2024, Sony marked a major milestone, announcing it had <a href="https://www.benzinga.com/markets/emerging-markets/24/12/42552200/sony-semiconductor-hits-20-billion-image-sensor-shipments-plans-expansion">shipped over 20 billion image sensors</a>, doubling its total in just five years since reaching 10 billion units in May 2019.
The company behind PlayStation is expected to report its fourth-quarter earnings on May 13, 2025. In its previous earnings <a href="https://www.benzinga.com/25/02/43700230/sony-q3-earnings-beats-expectations-raises-outlook-as-ps5-sales-and-streaming-revenues-climb">report for the third quarter</a>, Sony posted strong results.
The company's total sales grew 18% compared to the same period last year, reaching $28.97 billion (4.41 trillion yen), higher than analysts&#8217; expectations of $23.78 billion.
During the same quarter, Sony&#8217;s music business grew strongly, with revenue rising 14% to ¥481.7 billion and profit (operating income) jumping 28% to ¥97.4 billion. The company's film and TV segment also did well, with revenue up 9% to ¥398.2 billion.&nbsp;
Sony, which was listed on the New York Stock Exchange in 1970, currently has a market capitalization of $155 billion, making it the 99th most valuable company in the world by market cap. Over the past year, Sony shares have surged by 53.21%, and they are up 18.63% year-to-date, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Photo Courtesy: Lev Radin on Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Sony Group Corporation American Depositary Shares

SONY

Jeff Bezos Once Admired How Sony Set Out To Change Japan's Image After World War II — And If You'd Put $1,000 Into The Company's Stock 40 Years Ago, Here's How Much You'd Have Today

She embodies the American nightmare, "Shark Tank" investor Kevin O'Leary said of Rep. Alexandria Ocasio-Cortez (D-NY) during an April 25 appearance on CNN's "<a href="https://www.youtube.com/shorts/PUCX1IQypgQ">NewsNight</a>."
O&#8217;Leary argued that AOC&#8217;s views on wealth and capitalism contrast with what he considers the American dream, which he believes should be exemplified by leaders like Elon Musk and Mark Zuckerberg. The conversation quickly made its way to social media, reigniting a fierce debate around capitalism and economic aspiration in the U.S.
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<h2 class="wp-block-heading">&#8216;The American Dream Is Our No. 1 Export&#8217;</h2>
O&#8217;Leary expanded on his message in an <a href="https://www.instagram.com/reel/DI6l_uypsx5">Instagram reel</a> posted two days later, saying, &#8220;The ambassador of America, the CEO, the president—they have to embody the American dream. That&#8217;s their number one job.&#8221;
He stressed that this responsibility shapes how the world sees the U.S. &#8220;Our number one export is not technology or energy. It&#8217;s the American dream. People come to America to achieve the American dream,&#8221; he added.
He emphasized that public figures should reflect ideals of growth and success, not opposition to wealth-building. His remarks targeted what he sees as the dangers of anti-capitalist sentiment among political leaders.
Trending: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
<h2 class="wp-block-heading">AOC&#8217;s $39.95 Shirt And 82% Margin</h2>
Though critical, O&#8217;Leary acknowledged the business savvy behind AOC&#8217;s own brand. He referenced her popular &#8220;Tax the Rich&#8221; T-shirts, priced at $39.95, saying during the Instagram clip, &#8220;I buy her T-shirts. She has an 82% margin on that, proving that inside of every socialist is a capitalist trying to get out.&#8221;
Her remarks drew attention to the contradiction he sees in leveraging capitalist tools—like merchandise—for a message that challenges wealth accumulation.&nbsp;
<h2 class="wp-block-heading">Musk And Zuckerberg As Capitalist Role Models</h2>
O&#8217;Leary also pointed to entrepreneurs like Musk, CEO of Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Zuckerberg, who leads Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) as prime examples of the American dream realized. In a January &#8220;NewsNight&#8221;<a href="https://transcripts.cnn.com/show/cnap/date/2025-01-15/segment/01"> interview</a>, he said, &#8220;Zuck was a college student once. Look what he&#8217;s created. Musk may be the most successful entrepreneur in history.&#8221;
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Musk and Zuckerberg were praised by O'Leary not just for their wealth but for their broader impact—job creation, tax contributions, and technological innovation. &#8220;We should be celebrating this,&#8221; O&#8217;Leary added.
<h2 class="wp-block-heading">A New Generation With A New Dream</h2>
While O&#8217;Leary defends traditional capitalist values, younger Americans appear to be shifting priorities. <a href="https://static1.squarespace.com/static/633f0603fdaa7311ba384d21/t/6797d9c1641c8612e8a46b1a/1738004946123/CSS_AmericanDreamReport.pdf">A recent study</a> from the University of California, Los Angeles, found that today&#8217;s workers are less focused on amassing wealth and more concerned with financial security, work-life balance, and mental health.
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<li>Donald Trump just announced a $500 billion AI infrastructure deal — <a href="https://www.benzinga.com/money/seize-a-share-while-you-still-can-in-the-2-trillion-entertainment-market-with-elf-labs-at-just-2-25-share">here's how you can invest in the entertainment market's next big disruptor at $2.25 per share</a>.</li>
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Image: Shutterstock

Personal Finance

Kevin O'Leary Slams Anti-Capitalist Views – 'AOC Embodies The American Nightmare' While Musk And Zuckerberg Represent 'Hope'

Fortuna Silver Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) reported quarterly earnings of $0.20 per share which missed the analyst consensus estimate of $0.21 by 4.76 percent. This is a 122.22 percent increase over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $290.10 million which missed the analyst consensus estimate of $291.00 million by 0.31 percent. This is a 44.40 percent increase over sales of $200.90 million the same period last year.

Fortuna Silver Mines Q1 Adj. EPS $0.20 Misses $0.21 Estimate, Sales $290.10M Miss $291.00M Estimate

The Company Intends to Request a Review of the Delisting Determination
CRANBURY, N.J., May 7, 2025 /PRNewswire/ -- Palatin Technologies, Inc. ("Palatin" or the "Company"), a biopharmaceutical company developing first-in-class medicines targeting the melanocortin receptor system, today announced that it has received a notice from the NYSE American LLC ("NYSE American") stating that the NYSE Regulation has determined to commence proceedings to delist Palatin's common stock. The notice, issued under Section 1003(f)(v) of the NYSE American Company Guide, cites the low selling price of Palatin's common stock as the basis for delisting.

Palatin Technologies Announces Transition To OTC Pink Market Under Ticker Symbol "PTNT" Beginning On May 8, 2025.

First Majestic Silver (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AG#NYSE">AG</a>) reported quarterly earnings of $0.05 per share which missed the analyst consensus estimate of $0.06 by 16.67 percent. This is a 183.33 percent increase over losses of $(0.06) per share from the same period last year. The company reported quarterly sales of $243.90 million which beat the analyst consensus estimate of $241.00 million by 1.20 percent. This is a 130.06 percent increase over sales of $106.01 million the same period last year.

First Majestic Silver Q1 Adj. EPS $0.05 Misses $0.06 Estimate, Sales $243.90M Beat $241.00M Estimate

President Donald Trump stated, on Wednesday, that he has no intention of easing the 145% tariff on Chinese imports.
What Happened:  During an Oval Office press session, he was asked about the possibility of reducing tariffs, to which he replied, "No,&#8221; <a href="https://thehill.com/homenews/administration/5288978-trump-says-he-wont-soften-china-tariffs-ahead-of-trade-talks/">reported</a> The Hill.
In April, the Trump administration announced reciprocal tariff exemptions on electronics, including phones and computers, from China and other countries. However, when questioned about extending these exemptions to products like car seats, Trump dismissed the idea, emphasizing simplicity in tariff policies.
His remarks were made during the swearing-in ceremony for David Perdue, the new U.S. ambassador to China. The comments come just days before a <a href="https://www.benzinga.com/25/05/45242461/donald-trumps-trade-war-sparks-first-major-us-china-talks-scott-bessent-jamieson-greer-to-meet-chinese-delegation-in-geneva">planned meeting with Chinese officials</a>, Treasury Secretary Scott Bessent, and U.S. Trade Representative Jamieson Greer.
Overseas leaders had suggested that U.S. senior leadership was open to negotiating tariffs, but Trump refuted this claim, urging them to review their records. 
&#8220;They said we initiated? Well, I think they ought to go back and study their files,&#8221; said Trump, according to the report.
He reiterated that any reduction in tariffs would require China's cooperation in halting fentanyl imports, a drug linked to a national emergency declared by the White House.
See Also: <a href="https://benzinga.com/news/earnings/25/05/45175522/this-week-in-cannabis-maryland-opens-lounges-dea-wavers-retail-trends-shift-and-more" target="_blank" rel="noreferrer noopener">This Week In Cannabis: Maryland Opens Lounges, DEA Wavers, Retail Trends Shift And More</a>
Why It Matters: The upcoming trade talks in Geneva, Switzerland, mark a significant moment in the ongoing U.S.-China trade conflict. This will be the first major face-to-face discussion since the trade war began, involving Bessent and Greer meeting with senior Chinese officials. The talks are crucial as they could potentially reshape the economic landscape between the two nations.
Amidst these developments,&nbsp;<a href="https://www.benzinga.com/25/05/45246445/china-warns-us-not-to-use-coercion-and-extortion-tactics-ahead-of-first-major-trade-talks-in-geneva-says-it-will-never-accept-it-if-americans-use-dialogue-as-smokescreen">China has issued a warning</a>&nbsp;to the U.S. against using coercion tactics during the negotiations, emphasizing that any dialogue should not serve as a &#8220;smokescreen&#8221; for extortion. This highlights the tension and high stakes involved in the discussions.
Furthermore, <a href="https://www.benzinga.com/25/05/45245680/trump-to-reportedly-lower-china-tariffs-to-60-in-coming-weeks-predicts-investment-strategist-could-be-the-last-big-upside-catalyst-for-a-while">speculation about potential tariff reductions</a> has been circulating, with some analysts predicting a decrease to 60% in the coming weeks. 
However, Trump&#8217;s recent statements suggest that any such move would be contingent on significant concessions from China, particularly regarding the fentanyl crisis, according to The Hill report.
Photo Courtesy: Joshua Sukoff On Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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'No' — Trump Shuts Down Tariff Rollback Buzz Ahead of China Talks

LandBridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LB#NYSE">LB</a>) reported quarterly sales of $43.95 million which beat the analyst consensus estimate of $43.77 million by 0.41 percent.

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