El interés en corto de Wing Yip Food Holdings da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de Wing Yip Food Holdings. Los datos de interés en corto se actualizan cada dos semanas.

Wing Yip Food Holdings (NASDAQ:WYHG) Bolsa, Informe de interés en corto

Wing Yip Food Holdings

Wing Yip Food Holdings Group Ltd is a meat producer. The main categories of products are cured meat products, including cured pork sausages, cured pork meat and other cured meat products, such as cured chicken, cured duck and cured fish; snack products, including ready-to-eat sausages, jerky, duck necks, duck feet and claypot rice; and frozen meat products, including frozen sausages, frozen beef patties and frozen chicken breast fillets.

Wing Yip Food Holdings Group Limited - American Depositary Shares

Wing Yip Food Holdings Group Ltd

<ul>
<li>Participants achieved an average weight loss of 20.2% with Zepbound vs. 13.7% with Wegovy</li>
<li>In key secondary endpoints,&nbsp;Zepbound was superior to Wegovy across all weight reduction targets and waist circumference reduction</li>
</ul>

News

Reported Earlier, Zepbound (Tirzepatide) Outperforms Wegovy In Head-To-Head Study, Delivering Over 20% Average Weight Loss Over 72 Weeks

GWRE

Reported Earlier, Guidewire And Mitsui Direct Announce Strategic Cloud Migration To Drive Claims Innovation And Digital Growth

PAAS

Reported Earlier, Pan American Silver To Acquire MAG Silver In $2.1B Deal, Adding Strategic Stake In Tier-One Juanicipio Silver Mine

Billionaire investor and the CEO of Pershing Square, Bill Ackman, flagged the contribution of various subsidies to the mounting U.S. debt and appreciated President Donald Trump for proposing an order to cut the drug prices, quoting his earlier suggestion.
What Happened: In an X post, Ackman highlighted that the U.S. has subsidized the world in trade, defense, drugs, and NGOs, contributing to the $37 trillion national debt.
However, he appreciated Trump, calling him the &#8220;first president in history to rectify the situation,&#8221; after he announced in a Truth Social post that he would be signing an executive order on Monday, cutting the drug prices in the U.S.
<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">The United States has subsidized the world on trade, defense, drugs, ‘NGOs,' and more. Our global subsidy has contributed to our $37 trillion of national debt. President <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> is the first president in history to rectify the situation. He deserves enormous credit for… <a href="https://t.co/qlkdMr5aQ1">https://t.co/qlkdMr5aQ1</a>
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1921707786766885017?ref_src=twsrc%5Etfw">May 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Ackman also shared his post dated March 8 and said, Trump &#8220;must have liked my idea,&#8221; where he penned his suggestions regarding the drug prices and pharma industry.
According to his old post, the best way to reduce drug prices in the U.S. was to make it illegal for drug companies to sell the same drugs abroad for lower prices.
&#8220;This will force a globally negotiated price that will be lower than the prices that U.S. consumers pay now and higher than what foreigners pay now,&#8221; he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The best way to reduce drug prices in the U.S. is to make it illegal for drug companies to sell the same drugs abroad for lower prices than they sell them for here. This will force a globally negotiated price that will be lower than the prices that U.S. consumers pay now and…
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1765934089473802369?ref_src=twsrc%5Etfw">March 8, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/government/regulations/25/05/45314812/mark-cuban-slams-memecoins-says-they-set-a-bad-example-for-new-crypto-investors">Mark Cuban Slams Memecoins, Says They Set A &#8216;Bad Example&#8217; For New Crypto Investors</a>
Why It Matters: Trump, in a Truth Social post, said that he will sign an executive order on Monday at 9:00 a.m. ET, which will lead the prescription drug and pharmaceutical prices to drop by 30% to 80%.
&#8220;They will rise throughout the World in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA! I will be instituting a MOST FAVORED NATION'S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World,&#8221; he added.
Trump also believes that healthcare costs in the U.S. will be reduced after this move, and it would save &#8220;trillions of dollars.&#8221;
<figure class="wp-block-image size-full"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12022209/Screenshot-2025-05-12-at-11.51.46%E2%80%AFAM.png" alt="" class="wp-image-911327" /></figure>
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Friday. The SPY was down 0.13% to $564.34, while the QQQ declined 0.066% to $487.97, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Monday, the futures of S&amp;P 500, Dow Jones and Nasdaq 100 were trading higher ahead of the pre-open.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/government/regulations/25/05/45311562/mohamed-el-erian-flags-adverse-implications-for-domestic-industries-as-chinas-exports-rise-8-despite-21-drop-in-us-shipments">Mohamed El-Erian Flags &#8216;Adverse Implications&#8217; For Domestic Industries As China&#8217;s Exports Rise 8% Despite 21% Drop In US Shipments</a></li>
</ul>
Photo: Leonard Zhukovsky/Shutterstock

Equities

Government

Market Summary

Regulations

Broad U.S. Equity ETFs

Futures

Politics

Markets

ETFs

General

Bill Ackman Slams Subsidies For Contributing To $37 Trillion National Debt, Hails Trump's Drug Price Order

ADXN

INDV

Addex Therapeutics Announces Milestone As Indivior Completes Preclinical Phase Of GABAB Positive Allosteric Modulator Program

This update follows an earlier recommendation from the U.S. Advisory Committee on Immunization Practices (ACIP) to include a precaution related to the use of IXCHIQ&#xAE; in persons aged 65 and over and a similar decision by the European Medicines Agency (EMA) to temporarily suspend the use of the vaccine for individuals over 65 years old pending investigation.

VALN

Valneva's IXCHIQ Use In Elderly Paused By FDA And CDC Amid Ongoing Review Of Serious Adverse Events

Caledonia Mining (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CMCL#AMEX">CMCL</a>) reported quarterly earnings of $0.58 per share. This is a 117.47 percent increase over earnings of $0.27 per share from the same period last year. The company reported $56.20 million in sales this quarter. This is a 45.87 percent increase over sales of $38.53 million the same period last year.

Earnings

CMCL

Caledonia Mining Q1 Adj. EPS $0.58 Up From $0.27 YoY, Sales $56.20M Up From $38.53M YoY

OpenAI is reportedly in high-stakes negotiations with Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to revise the terms of their multibillion-dollar partnership.
What Happened: A key sticking point of the negotiation is how much equity Microsoft will receive in the <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">restructured OpenAI entity</a> in exchange for its more than $13 billion investment to date, reported the Financial Times, <a href="https://www.ft.com/content/8d9e5149-7e4f-4886-a035-9d200204972a">citing</a> multiple sources.
Talks also involve revising an existing contract, signed when Microsoft first invested $1 billion in 2019, that governs access to OpenAI's intellectual property and outlines a revenue-sharing arrangement.
See Also:&nbsp;<a href="https://www.benzinga.com/25/04/44778760/netflix-debuts-openai-backed-search-engine-that-lets-you-discover-movies-and-tv-shows-based-on-emotions-not-just-titles" target="_blank" rel="noreferrer noopener">Netflix Debuts OpenAI-Backed Search Engine That Lets You Discover Movies And TV Shows Based On Emotions, Not Just Titles</a>
As per the report, Microsoft may be willing to relinquish some of its equity in exchange for extended access to OpenAI's future technologies beyond 2030, when the current agreement expires.
Why It's Important: Last week, it was reported that OpenAI 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">cut the revenue share it pays</a> to Microsoft by at least half by 2030.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
OpenAI has also named Instacart CEO Fidji Simo to the <a href="https://www.benzinga.com/news/management/25/05/45277888/openai-taps-instacart-ceo-fidji-simo-as-chief-of-applications-sam-altman-to-focus-on-research-compute-and-safety-amid-superintelligence-push">newly established position</a> of CEO of Applications, where she will report directly to Sam Altman, as the AI giant reshapes its leadership in anticipation of future advancements in artificial intelligence.
Price Action: Per <a href="http://pro.benzinga.com/">Benzinga Pro</a>, Microsoft shares have risen 1.35% over the past five days.
According to Benzinga Edge Stock Rankings, MSFT holds a strong growth score of 65.30%, highlighting its solid 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 top-performing stocks</a>.
Photo Courtesy: Ascannio On Shutterstock.com
Read Next:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/25/04/44891778/nvidia-not-acting-in-us-interests-says-chamath-palihapitiya-questions-how-alibaba-or-deepseek-are-one-step-ahead" target="_blank" rel="noreferrer noopener">Nvidia Not Acting In US Interests, Says Chamath Palihapitiya — Questions, How Alibaba Or DeepSeek Are One Step Ahead</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

Media

MSFT

OpenAI's IPO Ambitions Hang In The Balance As Microsoft Negotiates Equity: Report

Investing legend Peter Lynch warned investors that "the sucker's going up is not a good reason" to buy a stock, chastising traders who chase high-flyers without understanding the businesses behind them.
What Happened: Lynch's caution, which came in a rare CNBC <a href="https://www.youtube.com/watch?v=U-6fv09KCDw">interview</a>, carries weight. He steered Fidelity's Magellan Fund to an average 29.2% annual return from 1977 to 1990, a run that more than doubled the S&amp;P 500 and turned $20 million into $14 billion. The Boston native also popularized the motto &#8220;invest in what you know,&#8221; reminding savers that only a handful of "<a href="https://www.benzinga.com/markets/25/05/45338212/peter-lynchs-market-advice-if-you-have-lot-of-stocks-some-will-do-mediocre-some-will-do-okay-if-one-or-two-go-up-big-time-you-produce-a-fabulous-result">ten-baggers</a>" can offset inevitable losers.
In the April 2023 interview, Lynch lamented that many shoppers &#8220;are careful when they buy a refrigerator," yet will drop thousands on a tip heard &#8220;on the bus,&#8221; skipping even a cursory balance-sheet check. His fix requires a clear, fact-based thesis on why earnings, not momentum, should lift a stock.
See also: <a href="https://www.benzinga.com/25/05/45339953/apple-exec-says-iphone-users-are-ditching-google-search-now-chamath-palihaptiya-urges-the-tech-giant-to-stop-waiting-for-data-and-start-fighting-models-like-chatgpt">Apple Executive Says iPhone Users Are Ditching Google — Now Chamath Palihaptiya Urges The Search Giant To Stop Waiting For Data And Start Fighting Models Like ChatGPT</a>
He still hunts for companies "either in <a href="https://www.benzinga.com/news/25/03/44211455/peter-lynchs-evergreen-market-advice-if-you-cant-find-growth-companies-in-innings-three-through-five-look-at-turnarounds">turnaround mode</a> or poised to grow," singling out off-price retailer TJX, chip titan Nvidia, and earlier success stories Panera and Family Dollar as examples of the kind of "something different" narratives worth researching, though he stopped short of recommending any outright.
Even the maestro has regrets. &#8220;Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) was not that hard to understand. I mean, how dumb was I?&#8221; he admitted, adding that Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) became a &#8220;huge stock&#8221; after he passed. Still, Lynch insists his <a href="https://www.benzinga.com/markets/25/03/44067613/peter-lynchs-four-step-stock-market-guide-buy-what-you-know-read-presentations-know-market-cycle-and-summ">1989 playbook</a> holds up: turn over more rocks than the crowd, stay patient, and never let a chart do the thinking.
Why It Matters: Lynch isn&#8217;t the only one who believes in truly understanding a business through and through before investing in it. Warren Buffett, for one, likes to <a href="https://www.benzinga.com/markets/25/03/44067982/heres-how-warren-buffett-made-billions-from-an-industry-he-didnt-understand">pore over</a> annual reports like most people scroll social media.
Peter Lynch, like Buffett, also believes in locking in on prospects for the long run. In his book &#8216;Learn to Earn&#8217;, Lynch advocates for a twenty-year <a href="https://www.benzinga.com/markets/25/04/44780176/peter-lynchs-advice-for-successful-investors-stick-with-your-stocks-no-matter-what-ignore-so-called-smart-advice">investment horizon</a> as the ideal timeframe for stock market success. This span, he says, provides sufficient time to bounce back from market slumps and amass profits.
Photo Courtesy: Mameraman on Shutterstock.com
Read next: <a href="https://www.benzinga.com/25/05/45339966/bitcoin-creator-satoshi-nakamotos-estimated-wealth-crosses-bill-gates-amid-apex-cryptos-sharp-rebound">Bill Gates Left Behind By Satoshi Nakamoto: Bitcoin Creator&#8217;s Wealth Now Eclipses That Of Microsoft Co-Founder Amid Crypto&#8217;s Sharp Rebound</a>

AAPL

NVDA

Peter Lynch Once Lamented People Are 'Careful' When They Buy A Fridge But Will 'Drop Thousands' On A Stock Tip They Heard On A Bus

Macro Economic Events

Econ #s

Economics

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Current Account n.s.a. For March 3.678T Vs. 3.678T Est.; 4.061T Prior

Reported Earlier, Japan Adjusted Current Account For March 2.72T Vs. 2.42T Est.; 2.91T (Revised) Prior

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) pseudonymous creator, Satoshi Nakamoto's estimated fortune has surged sharply, surpassing that of tech billionaire Bill Gates.
What happened: As of this writing, the wallet linked to Satoshi owned about $113.8 billion in Bitcoin, <a href="https://intel.arkm.com/explorer/entity/satoshi-nakamoto">according </a>to blockchain analytics firm Arkham.&nbsp;
Notably, the wealth of Microsoft co-founder Gates was <a href="https://www.forbes.com/real-time-billionaires/#50efce393d78">estimated </a>at $112.9 billion, according to Forbes&#8217; Real-Time Billionaires list. Had Satoshi been ranked here, they would be the 12th-wealthiest person in the world.
It is collectively believed that Satoshi owns roughly 1.1 million Bitcoin, making up 5% of the coin's circulating supply.
Currently, Tesla and SpaceX CEO Elon Musk is ranked first on this super-rich list, with an eye-popping fortune of $395.6 billion. Theoretically, for Satoshi to become the world's wealthiest, Bitcoin's price has to hit $360,000 or above, which is currently an unrealistic expectation.
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/25/05/45275169/ethereum-stagnant-after-pectra-upgrade-but-analyst-deems-the-overhaul-tailwind-that-could-power-eth-above-2000">Ethereum Flat After Pectra Upgrade, But Analyst Foresees Overhaul &#8216;Tailwind&#8217; That Could Take ETH Above $2,000</a>
Why It Matters: Nakamoto&#8217;s true identity is yet to be revealed and is a subject of intense speculation since the <a href="https://www.benzinga.com/money/who-is-satoshi-nakamoto">inception</a> of Bitcoin in 2009. <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41242615/peter-todd-is-satoshi-nakamoto-bitcoin-core-developer-denies-hbo-documentary-claims-im-not">Various figures</a>, including Bitcoin Core developers Peter Todd, Len Sassaman, and Nick Szabo have been linked to the mysterious personality over the years.
A documentary <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41179372/satoshi-nakamoto-about-to-be-unveiled-bitcoin-creators-identity-focal-point-of-upcoming-hb">titled </a>‘Money Electric: The Bitcoin Mystery" aired last year, <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41242615/peter-todd-is-satoshi-nakamoto-bitcoin-core-developer-denies-hbo-documentary-claims-im-not">claiming that Todd was Satoshi</a>. Todd was quick to deny the claim.
The surge in Satoshi&#8217;s wealth coincided with <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45339289/bitcoin-taps-105000-ethereum-steady-dogecoin-falls-as-us-announces-china-trade-deal-analyst-says-btc-in-for-a-price-discovery-uptrend-if-it-secures-a-weekly-close-above-this-lev">Bitcoin&#8217;s sharp recovery</a> induced by U.S.-China trade deal optimism.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $103,987.78, up 0.28% 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>. Over the last year, the coin has gained over 70%.
Photo Courtesy: Szabolcs Magyar On Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45277600/trumps-crypto-policy-like-a-large-buffet-says-anthony-scaramucci-you-have-to-eat-everything-at-the-table">Anthony Scaramucci Compares Trump&#8217;s Crypto Policy To Mar-A-Lago Buffet: &#8216;You Have To Eat Everything At The Table&#8217;</a></li>
</ul>

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

Cryptocurrency

$BTC

Bill Gates Left Behind By Satoshi Nakamoto: Bitcoin Creator's Wealth Now Eclipses That Of Microsoft Co-Founder Amid Crypto's Sharp Rebound

In the latest episode of the All-In Podcast, venture capitalist Chamath Palihapitiya and fellow co-hosts reacted to a revelation from Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) executive Eddy Cue stating that the tech giant witnessed a decline in its search volume last month—something that hasn't happened in 20 years.
What Happened: In the podcast, which was recorded on Thursday, Jason Calacanis mentioned Cue's statement, which the Apple executive made during his testimony for Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google.
"For the first time ever in over 20 — I think we've been at this for 22 years — last month, our search volume actually went down," Cue testified, citing the growing popularity of ChatGPT and Perplexity AI as emerging alternatives.
The news sent shockwaves through the tech sector. In the five days, Alphabet's class A shares declined by 6.27% while class C shares decreased by 6.24%, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
See Also:&nbsp;<a href="https://www.benzinga.com/25/04/44778760/netflix-debuts-openai-backed-search-engine-that-lets-you-discover-movies-and-tv-shows-based-on-emotions-not-just-titles" target="_blank" rel="noreferrer noopener">Netflix Debuts OpenAI-Backed Search Engine That Lets You Discover Movies And TV Shows Based On Emotions, Not Just Titles</a>
Calacanis then asked Palihapitiya if this is the time to panic. In response, the "SPAC King" called it a moment of reckoning.
He acknowledged that Google's Gemini remains one of the most impressive models in many domains, especially general information and chat. However, he said that the company is no longer enjoying its once-dominant 99% search market share.
Instead of waiting for more concrete data, Palihapitiya urged Google to assume a significant share erosion, potentially dropping to 75% within two years, and begin planning accordingly.
That planning, he said, should include aggressively positioning Gemini as the primary user-facing interface for Google.
But doing so, he warned, requires "taste and courage." Otherwise, Google risks being caught flat-footed while rivals like Apple, OpenAI and Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) quietly implement changes and only announce them after they've already made an impact.
That reactive mindset, he cautioned, could demoralize Google&#8217;s talented teams and leave the company trailing in an industry where momentum matters.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Fed Hesitates on Tariffs, The New Mag 7, Death of VC, Google&#039;s Value in a Post-Search World" width="500" height="281" src="https://www.youtube.com/embed/g6HSFCQQ6O0?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>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Last month, Alphabet reported <a href="https://www.benzinga.com/25/04/44995955/alphabet-q1-earnings-highlights-google-search-youtube-cloud-show-robust-momentum">first-quarter revenue</a> of $90.23 billion, a 12% increase year-over-year that exceeded Wall Street's estimate of $89.2 billion. A major contributor to this growth was Google Search, which generated $50.7 billion in revenue, up from $46.2 billion in the same quarter last year.
As of March 2025, Google held a 79.1% share of the global desktop search engine market. While it still maintains a significant lead over its rivals, this marks the lowest market share the company has seen on desktop platforms in more than 20 years, according to Statista.
The German database company also noted that in January 2025, Google commanded 93.82% of the global mobile search engine market.
Photo Courtesy: JHVEPhoto on Shutterstock.com
Read Next: <a href="https://benzinga.com/markets/25/04/44891778/nvidia-not-acting-in-us-interests-says-chamath-palihapitiya-questions-how-alibaba-or-deepseek-are-one-step-ahead">Nvidia Not Acting In US Interests, Says Chamath Palihapitiya — Questions, How Alibaba Or DeepSeek Are One Step Ahead</a>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

GOOG

GOOGL

Apple Executive Says iPhone Users Are Ditching Google — Now Chamath Palihaptiya Urges The Search Giant To Stop Waiting For Data And Start Fighting Models Like ChatGPT

Fund manager and long-term Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) bull, Gary Black, is weighing in on the long-running debates surrounding the EV giant, the industry&#8217;s future, and trends such as autonomy and driverless ridesharing.
What Happened: On Sunday, in a long post on X, Black outlined how his past views on the electric vehicle maker have been validated in recent years, despite the pushback from Tesla&#8217;s investor community at the time, whom he dubs as the &#8220;TSLA faithful.&#8221;
&#8220;For years I argued TSLA would never hit 20 million deliveries by 2030,&#8221; Black says, referring to CEO Elon Musk's long-term volume target. &#8220;I was told Elon said they would, to which I asked, why do you listen to management?&#8221; 
He noted that Wall Street's current consensus figures for 2030 are now closer to 3.9 million units, and added that many Tesla bulls themselves have since pivoted to downplaying EV delivery volumes as a core valuation metric. 
See Also: <a href="https://www.benzinga.com/markets/25/05/45338228/chinas-ev-market-surges-past-us-and-europe-chinas-elon-musk-shares-two-stats-that-explain-why">China&#8217;s EV Market Surges Past US and Europe—&#8217;China&#8217;s Elon Musk&#8217; Shares Two Stats That Explain Why</a>
In his post, Black also criticized the company&#8217;s reluctance to embrace traditional advertising and public relations, arguing that as the market leader, it has to communicate the benefits of EVs to ICE (Internal Combustion Engine) vehicle owners to pave the way for broader adoption.
<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">Over the years I've had numerous debates with <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> faithful who have rejected my takes, only to come back later to admit I was right: 1/ 50% volume growth target &#8211; For years I argued that TSLA would never get to 20M vehicle deliveries by 2030 (25% industry share) and was told…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1921171877260677289?ref_src=twsrc%5Etfw">May 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
On pricing, Black points out that Tesla&#8217;s margin-eroding price cuts in 2023 and 2024 failed to generate any meaningful volume growth, just as he had predicted. He also warns that further price moves with newer models could face similar outcomes.
Turning to autonomy, Black challenged the notion that Tesla is far ahead. &#8220;Here we are today with Waymo, AMZN, and Baidu all operating autonomous robotaxi networks,&#8221; he says, while Tesla has yet to receive a single deployment license. 
&#8220;Don't malign me for trying to inject some realism into the TSLA story,&#8221; Black says, as he turns his attention towards the growing claims from among the &#8220;faithful,&#8221; who now believe that Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and LYFT Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) are set to go bankrupt with Tesla&#8217;s advances in autonomous driving.
In a follow-up Tweet, Black claimed that these ridesharing companies are set to benefit the most as autonomous mobility takes flight, as going driverless &#8220;reduces the cost per mile from $2/mile to $1/mile.&#8221; Black, whose firm holds a stake in both Tesla and Uber, maintains the latter&#8217;s price target at $120, representing an upside of 45%.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We own both <a href="https://twitter.com/search?q=%24UBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UBER</a> and <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> for different reasons. Our investment thesis on <a href="https://twitter.com/search?q=%24UBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UBER</a> is that as autonomy becomes table stakes for remaining in the automobile business, many auto manufacturers will achieve and be granted deployment licenses for unsupervised autonomy. <a href="https://twitter.com/search?q=%24UBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UBER</a> with…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1921351661903020335?ref_src=twsrc%5Etfw">May 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Despite being a long-time investor in Tesla, Black has been a vocal critic of the company in recent years, having regularly highlighted the <a href="https://www.benzinga.com/markets/equities/25/05/45214525/gary-black-flags-47-projected-drop-in-teslas-april-europe-sales-predicts-6-decline-in-2025-deliv">brand&#8217;s alarming sales</a> data this year, following Musk&#8217;s growing political involvement.
He has also repeatedly criticized the company's lack of marketing, calling it its &#8220;Achilles' heel,&#8221; a weakness he says not only affects sales but also leaves the <a href="https://benzinga.com/markets/equities/25/04/45091479/teslas-marketing-skills-remain-its-achilles-heel-says-gary-black-as-robotaxi-valuations-ignore-market-limitsfull-uber-lyft-profits-still-fall-short-of-2000-target">company at a disadvantage</a> with regulators.
Black, however, remains <a href="https://www.benzinga.com/news/25/05/45336172/tesla-bull-gary-black-reaffirms-elon-musks-company-best-positioned-to-capitalize-on-evs-and-autonomo">bullish on the company</a> in the long run, having stated recently that &#8220;Long term we like the $TSLA story,&#8221; and that &#8220;As EV adoption and demand for autonomy increases, $TSLA remains the best positioned to capitalize on these two megatrends.&#8221;
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stocks / ETFs</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Returns</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td class="has-text-align-center" data-align="center">-21.36%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>)</td>
<td class="has-text-align-center" data-align="center">+31.09%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">LYFT Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>)</td>
<td class="has-text-align-center" data-align="center">+21.98%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Fidelity Electric Vehicles and Future Transpo ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FDRV#BATS">FDRV</a>)</td>
<td class="has-text-align-center" data-align="center">+2.73%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">iShares Self-Driving EV and Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDRV#NYSE">IDRV</a>)</td>
<td class="has-text-align-center" data-align="center">+4.51%</td>
</tr>
</tbody>
</table>
</figure>
Price Action: Tesla shares were up 4.72% on Friday, and are up 0.35% after hours.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="134" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/11232101/Screenshot-2025-05-12-at-8.50.43-AM-1024x134.png" alt="" class="wp-image-911215" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/11232101/Screenshot-2025-05-12-at-8.50.43-AM-1024x134.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/11232101/Screenshot-2025-05-12-at-8.50.43-AM-300x39.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/11232101/Screenshot-2025-05-12-at-8.50.43-AM-768x101.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/11232101/Screenshot-2025-05-12-at-8.50.43-AM-1536x201.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/11232101/Screenshot-2025-05-12-at-8.50.43-AM.png 1604w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Tesla shares score well on momentum and quality, but fall short on growth and value. How does it compare with Uber, Lyft or Rivian, for that matter? Sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a> to find out. 
Photo Courtesy: G.Tbov On Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/health-care/25/05/45339399/trump-says-prescription-drug-prices-set-to-drop-by-30-to-80-almost-immediately-thanks-to-most-favored-nation-plan-mark-cuban-urges-president-to-force-tran">Trump Says Prescription Drug Prices Set To Drop By 30% To 80% &#8216;Almost Immediately&#8217; Thanks To &#8216;Most Favored Nation&#8217; Plan, Mark Cuban Urges President To &#8216;Force Transparency&#8217;</a></li>
</ul>

Fidelity Electric Vehicles and Future Transportation ETF

FDRV

IDRV

LYFT

TSLA

UBER

Gary Black Doubles Down On Uber's Autonomy Upside, Reflects Debates With Tesla Faithful: 'I Was Right'

Prominent economists offered mixed reactions Sunday as markets rallied following announcement of a tentative U.S.-China trade agreement reached during weekend talks in Geneva, with futures surging on optimism despite limited details of the actual terms.
What Happened: Mohamed El-Erian, Chief Economic Advisor at Allianz, highlighted the importance of the talks, noting they &#8220;will shed light on three major aspects: China&#8217;s appetite for pain, America&#8217;s fear of &#8217;empty shelves,&#8217; and how each country prioritizes longer-term trade policy objectives.&#8221;
El-Erian emphasized the deal&#8217;s significance extends beyond bilateral relations, writing on Substack that &#8220;the longer the US retains prohibitive tariffs on China, the greater the likelihood that other countries will be forced to impose their tariffs on Beijing to protect against dumping.&#8221;
<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">An interesting week ahead for the global economy and markets, including on account of China-US tariff talks, the follow-up to the Federal Reserve policy meeting, and data: The outcome of this weekend's China-US tariff talks in Switzerland will be assessed in terms of what it…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1921319822274523284?ref_src=twsrc%5Etfw">May 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Economist Peter Schiff expressed skepticism, writing on X: &#8220;If the deal includes major reductions in tariffs, the only thing that could reduce our trade deficit would be a substantial upward revaluation of the RMB [Renminbi] .&#8221;
<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">Stock futures are up and gold is down on optimism regarding a U.S./China trade deal, despite no terms having been released. If the deal includes major reductions in tariffs, the only thing that could reduce our trade deficit would be a substantial upward revaluation of the RMB.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1921718934086045845?ref_src=twsrc%5Etfw">May 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/general/health-care/25/05/45339399/trump-says-prescription-drug-prices-set-to-drop-by-30-to-80-almost-immediately-thanks-to-most-favored-nation-plan-mark-cuban-urges-president-to-force-tran">Trump Says Prescription Drug Prices Set To Drop By 30% To 80% &#8216;Almost Immediately&#8217; Thanks To &#8216;Most Favored Nation&#8217; Plan, Mark Cuban Urges President To &#8216;Force Transparency&#8217;</a>
Why It Matters: U.S. Treasury Secretary Scott Bessent praised the &#8220;substantial progress&#8221; between the two countries, while Trade Ambassador Jamieson Greer <a href="https://www.benzinga.com/markets/25/05/45339384/dow-futures-rally-over-400-points-as-us-china-come-to-agreement-in-geneva-trade-talks">noted the speed with which negotiators</a> &#8220;were able to come to [an] agreement&#8221; addressing what he termed a &#8220;national emergency&#8221; — the $1.2 trillion trade deficit.
Markets <a href="https://www.benzinga.com/markets/25/05/45339384/dow-futures-rally-over-400-points-as-us-china-come-to-agreement-in-geneva-trade-talks">responded positively</a>, with S&amp;P 500 Futures rising 1.35% to 5,754.50, while recession odds on prediction market Polymarket fell below 50% for <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45339503/recession-odds-fall-below-50-on-polymarket-as-crypto-bettors-assess-the-us-china-trade-deal">the first time in weeks</a>. The dollar strengthened, trading up 0.26% at 100.67.
Chinese Vice Commerce Minister Li Chenggang called the outcome &#8220;good news for the world,&#8221; with both sides promising to release complete details Monday.
Photo Courtesy: Dilok Klaisataporn On Shutterstock.com
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/05/45339289/bitcoin-taps-105000-ethereum-steady-dogecoin-falls-as-us-announces-china-trade-deal-analyst-says-btc-in-for-a-price-discovery-uptrend-if-it-secures-a-weekly-close-above-this-lev">Bitcoin Taps $105,000, Ethereum Steady, Dogecoin Falls As US Announces China Trade Deal: Analyst Says BTC In For A &#8216;Price Discovery Uptrend&#8217; If It Secures A Weekly Close Above This Level</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Mohamed El-Erian Warns US-China Deal Reveals 'America's Fear Of Empty Shelves' As Markets Rally On Trade Optimism, Peter Schiff Skeptical Without Renminbi Revaluation

Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) executive chairman Michael Saylor on Sunday posted a cute AI-generated video of his child persona discussing Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) optimistic outlook with cryptocurrency journalist Laura Shin.
What happened:&nbsp; In the video, Saylor's kid version responds to a question from Shin's kid version about whether Strategy would ever sell Bitcoin during market downturns.
<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">It&#39;s going up forever, Laura.<a href="https://t.co/WntuywFtlO">pic.twitter.com/WntuywFtlO</a>
&mdash; Michael Saylor (@saylor) <a href="https://twitter.com/saylor/status/1921354094683254957?ref_src=twsrc%5Etfw">May 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The child, in Saylor&#8217;s voice, dismisses the idea of selling Bitcoin, calling the apex cryptocurrency a "technically superior" asset to major fiat currencies, including the dollar.&nbsp;
"The point is if if you have the superior asset, it&#8217;s going up forever, Laura," the junior Saylor said.
In case you were wondering, the AI interaction mimicked their actual March 2021 interaction.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Michael Saylor: Bitcoin is the "Superior Asset" &amp; it's going up "FOREVER Laura"" width="500" height="281" src="https://www.youtube.com/embed/zTPoRDrtc0s?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>
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/25/05/45275169/ethereum-stagnant-after-pectra-upgrade-but-analyst-deems-the-overhaul-tailwind-that-could-power-eth-above-2000">Ethereum Flat After Pectra Upgrade, But Analyst Foresees Overhaul &#8216;Tailwind&#8217; That Could Take ETH Above $2,000</a>
Why It Matters: Saylor's advocacy came while the Bitcoin market was <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45339289/bitcoin-taps-105000-ethereum-steady-dogecoin-falls-as-us-announces-china-trade-deal-analyst-says-btc-in-for-a-price-discovery-uptrend-if-it-secures-a-weekly-close-above-this-lev">experiencing a significant upturn</a>, regaining its $100,000 threshold and proceeding toward all-time highs.
Positive macroeconomic events, such as the U.S.-China trade agreement, have contributed to the rebound.
It's worth reminding that Saylor's firm, Strategy, is the largest corporate holder of Bitcoin, sitting on a stockpile worth $57.6 billion as of this writing, <a href="https://bitcointreasuries.net/">according </a>to bitcointreasuries.net.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $103,765.15, up 0.09% 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>. 
Shares of Strategy closed 0.40% higher at $416.03 during Friday's regular session. 
MSTR demonstrated a very high momentum score—a measure of the stock's relative strength based on its price movement patterns and volatility over multiple timeframes—as of this writing. If you want to know which other Bitcoin-buying companies possess a high momentum, visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
Shutterstock/Quality Stock Arts
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="513" height="181" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/11231659/Screenshot-2025-05-12-084449.png" alt="" class="wp-image-911211" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/11231659/Screenshot-2025-05-12-084449.png 513w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/11231659/Screenshot-2025-05-12-084449-300x106.png 300w" sizes="(max-width: 513px) 100vw, 513px" /></figure>
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45277600/trumps-crypto-policy-like-a-large-buffet-says-anthony-scaramucci-you-have-to-eat-everything-at-the-table">Anthony Scaramucci Compares Trump&#8217;s Crypto Policy To Mar-A-Lago Buffet: &#8216;You Have To Eat Everything At The Table&#8217;</a></li>
</ul>

MSTR

Michael Saylor Harnesses AI To Drive Home An Important Message On Bitcoin: 'It's Going Up Forever'

Odds that the U.S. would plunge into recession in 2025 dipped below 50% on decentralized prediction market Polymarket after the U.S. announced a trade deal with China on Sunday.
What Happened:&nbsp; Bets in favor of a betting <a href="https://polymarket.com/event/us-recession-in-2025">contract</a> titled &#8220;US recession in 2025?&#8221; dropped from 52% to 49% over the last 24 hours on the Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POL</a>)-based platform.
As of this writing, bookmakers have wagered over $5 million on the bet. The outcome resolves to "Yes" if the economy experiences another quarter of negative growth or if the National Bureau of Economic Research declares a recession before January 1, 2026.
Polymarket, which allows users to buy "Yes" and "No" shares in USD Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>), is not<a href="https://www.benzinga.com/24/11/41838037/will-polymarket-return-to-the-us-after-getting-trump-victory-right-ceo-says-its-part-of-the-plan"> available to U.S. residents</a> due to regulatory restrictions.
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/25/05/45275169/ethereum-stagnant-after-pectra-upgrade-but-analyst-deems-the-overhaul-tailwind-that-could-power-eth-above-2000">Ethereum Flat After Pectra Upgrade, But Analyst Foresees Overhaul &#8216;Tailwind&#8217; That Could Take ETH Above $2,000</a>
Why It Matters: The dip in probability comes after the White House announced a <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45339289/bitcoin-taps-105000-ethereum-steady-dogecoin-falls-as-us-announces-china-trade-deal-analyst-says-btc-in-for-a-price-discovery-uptrend-if-it-secures-a-weekly-close-above-this-lev">trade deal between the U.S. and China</a> in Geneva following high-level talks between the two countries.
President Donald Trump also said that&nbsp; <a href="https://www.benzinga.com/news/global/25/05/45337811/trump-announces-total-reset-as-us-china-trade-talks-aim-to-end-tariff-war">&#8220;great progress&#8221; was made</a> during the talks and that a "total reset" could be expected.
In response, <a href="https://www.benzinga.com/markets/25/05/45339384/dow-futures-rally-over-400-points-as-us-china-come-to-agreement-in-geneva-trade-talks">stock futures spiked</a>, with the Dow Jones Futures rallying over 400 points Sunday night.
Trump's sweeping tariff measures have caused turbulence in financial markets, spurred macroeconomic uncertainty and threatened product shortages.
The economy<a href="https://www.benzinga.com/economics/macro-economic-events/25/04/45100047/recession-odds-spike-wall-street-tumbles-as-q1-gdp-surprisingly-contracts-be-patient-trump-responds"> shrank by 0.3% in the first quarter</a>, marking the first quarterly contraction since the second quarter of 2022.
Photo Courtesy: Dilok Klaisataporn On Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45277600/trumps-crypto-policy-like-a-large-buffet-says-anthony-scaramucci-you-have-to-eat-everything-at-the-table">Anthony Scaramucci Compares Trump&#8217;s Crypto Policy To Mar-A-Lago Buffet: &#8216;You Have To Eat Everything At The Table&#8217;</a></li>
</ul>

$POL

$USDC

Recession Odds Fall Below 50% On Polymarket As Crypto Bettors Digest US-China Trade Deal News

On Sunday, President Donald Trump vowed to <a href="https://www.benzinga.com/markets/25/04/44945973/trump-administration-considers-lowering-us-drug-prices-to-international-levels-report">slash prescription drug prices</a> through a sweeping executive order.
What Happened: Trump took to Truth Social and announced plans to sign a new executive order. Under what he called a "most favored nation" pricing policy, the President said the executive order will ensure that "the United States will pay the same price as the Nation that pays the lowest price anywhere in the World."
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="612" height="966" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/11221440/Screenshot-2025-05-12-at-11.14.22.png" alt="" class="wp-image-911175" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/11221440/Screenshot-2025-05-12-at-11.14.22.png 612w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/11221440/Screenshot-2025-05-12-at-11.14.22-190x300.png 190w" sizes="(max-width: 612px) 100vw, 612px" /></figure>
Screenshot From President Donald Trump&#8217;s Truth Social Account
He added that prescription drug prices would drop "almost immediately, by 30% to 80%," and called the move "one of the most consequential Executive Orders in our Country's history."
In response, a user on X, formerly Twitter, expressed skepticism, saying, "It would be nice if Trump&#8217;s super important post about drug prices was really achievable. I think all Democrats would agree&#8230; But like most things Trump brags about, they are pie-in-the-sky promises that can&#8217;t and won&#8217;t actually materialize."
See Also: &nbsp;<a href="https://benzinga.com/news/25/04/44935195/elizabeth-warren-says-if-trump-illegally-fires-fed-chair-powell-hell-crash-our-markets-cause-more-economic-p" target="_blank" rel="noreferrer noopener">Elizabeth Warren Says, ‘If Trump Illegally Fires Fed Chair Powell, He'll Crash Our Markets, Cause More Economic Pain To American Families'</a>
That's where <a href="https://www.benzinga.com/markets/25/04/44866755/mark-cuban-says-this-trump-healthcare-order-could-save-hundreds-of-billions">billionaire entrepreneur</a> and Cost Plus Drugs founder Mark Cuban stepped in. Cuban acknowledged the ambition of Trump's plan but highlighted a more attainable path forward.
"I don't know if he can force the price, but he can force transparency, and that will help," Cuban wrote.
<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 dont know if he can force the price , but he can force transparency , and that will help. He did it w hospitals Force transparency of contracts, pricing , rebates , claims and a lot could change Biggest thing he could do is encourage brand pharma to sell to cost plus drugs… <a href="https://t.co/vkz3Q2IFkn">https://t.co/vkz3Q2IFkn</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1921710702743417149?ref_src=twsrc%5Etfw">May 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: Last month, Trump issued a <a href="https://benzinga.com/government/regulations/25/04/44851905/trumps-new-order-targets-drug-pricing-transparency-and-medicare-cost-reduction">multi-part executive order</a> targeting drug pricing transparency and Medicare cost reduction.
Earlier this month, he signed <a href="https://www.benzinga.com/news/25/05/45232993/trump-orders-fda-to-fast-track-us-drug-production-as-tariff-threat-looms-on-imported-medicines-cites">another executive order directing</a> the Food and Drug Administration to expedite approvals for domestic pharmaceutical manufacturing facilities.
The Invesco Pharmaceuticals ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PJP#NYSE">PJP</a>) and iShares U.S. Pharmaceuticals ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHE#NYSE">IHE</a>) rose 2.61% and 2.81%, respectively, over the past month.
Price Action: In after-hours trading, Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) was up 0.20%, while Eli Lilly and Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) and Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) increased by 0.32% and 0.13%, respectively. Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) also saw a modest gain of 0.12%, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Photo Courtesy: PeopleImages.com &#8211; Yuri A On Shutterstock.com
Read Next:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/cryptocurrency/25/04/44930938/dogecoin-jumps-7-shiba-inu-up-4-is-a-major-meme-rally-brewing" target="_blank" rel="noreferrer noopener">Dogecoin Jumps 7%, Shiba Inu Up 4%: Is A Major Meme Rally Brewing?</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Health Care

iShares Dow Jones US Pharmaceuticals Index Fund

Trump Says Prescription Drug Prices Set To Drop By 30% To 80% 'Almost Immediately' Thanks To 'Most Favored Nation' Plan, Mark Cuban Urges President To 'Force Transparency'

U.S. stock futures rose Sunday evening after weekend trade talks in Geneva signaled potential de-escalation in the ongoing trade war with China.
The S&amp;P 500 Futures are up 1.35%, trading at 5,754.50, Nasdaq Futures are trading at 20,515.25, up 1.88%, and finally Dow Jones Futures are up 1.01%, trading at 41,740.
On the other side of the Pacific, Japan&#8217;s Nikkei 225 index opened higher, and is trading at 37,611.66, up 0.29% at the time of writing this, led by real estate, tech exports, and semiconductor stocks, as fresh optimism on trade talks helped spur sentiments.
The White House announced progress on the deal in a post on X on Sunday. Treasury Secretary Scott Bessent hailed the &#8220;substantial progress&#8221; made between the two countries in what he called &#8220;very important trade talks.&#8221;
U.S. Trade Ambassador Jamieson Greer pointed out the quickness with which U.S. and China &#8220;were able to come to agreement.&#8221; He expressed confidence that the deal that was struck would help the U.S. with the &#8220;national emergency&#8221; that was the massive $1.2 trillion trade deficit.
<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">BREAKING: U.S. Announces China Trade Deal in Geneva <a href="https://t.co/JjgvYAvAGe">pic.twitter.com/JjgvYAvAGe</a>
&mdash; The White House (@WhiteHouse) <a href="https://twitter.com/WhiteHouse/status/1921623939060519353?ref_src=twsrc%5Etfw">May 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See More: <a href="https://www.benzinga.com/25/05/45338985/trump-reportedly-set-to-accept-flying-palace-from-qatar-white-house-says-lavish-gift-of-boeing-jumbo-jet-complies-with-all-applicable-laws">Trump Reportedly Set To Accept &#8216;Flying Palace&#8217; From Qatar, White House Says Lavish Gift Of Boeing Jumbo Jet Complies With &#8216;All Applicable Laws&#8217;</a>
The U.S. Dollar Index (DXY) continued its rally on Sunday evening, up 0.26%, trading at 100.67, following hopes of trade deals and the Fed&#8217;s decision last week to keep <a href="https://www.benzinga.com/25/05/45314594/asia-markets-mixed-eurozone-gains-oil-rises-on-trade-deal-hopes-global-markets-today-while-us-slept">interest rates steady</a>.
On Sunday, the Chinese delegation also announced that both sides had reached an &#8220;important consensus&#8221; during the ongoing trade talks in Geneva. While neither side has released any details yet, Chinese Vice Commerce Minister Li Chenggang was quoted as saying that the outcome would be &#8220;good news for the world,&#8221; according to a report by Reuters.
According to Bessent and Greer, the details of this &#8220;substantial progress&#8221; will be announced on Monday.
Investors on Monday will also be closely watching the earnings of NRG Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>), Monday.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>), and DaVita Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVA#NYSE">DVA</a>). Fed Governor Adriana Kugler&#8217;s speech early in the day, alongside the monthly U.S. Federal Budget, will be monitored. 
Photo Courtesy: Tomas Ragina On Shutterstock.com
Read More: <a href="https://www.benzinga.com/news/global/25/05/45337811/trump-announces-total-reset-as-us-china-trade-talks-aim-to-end-tariff-war">Trump Announces &#8216;Total Reset&#8217; as US-China Trade Talks Aim to End Tariff War</a>

MNDY

Dow Futures Rally Over 400 Points As US, China 'Come To Agreement' In Geneva Trade Talks

Leading cryptocurrencies held on to gains Sunday as the U.S. announced a trade deal with China.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+0.65%</td>
<td>$105,015.33</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>+0.33%</td>
<td>$2,536.90</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>-4.10%</td>
<td>$0.2364</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin tapped $105,000 for the first time since the last week of January, while Ethereum consolidated between the mid-$2,400s and the early $2,500s.
Ethereum's market dominance topped 9%, while Bitcoin's market share narrowed to 62%.
Over $333 million was liquidated from the cryptocurrency market in the last 24 hours, with bullish leveraged bets accounting for $216 million.
Nearly $720 million in Bitcoin shorts risked liquidation if the apex cryptocurrency reclaimed its all-time high of $109,000.
Bitcoin's Open Interest rose 1.81% in the last 24 hours, although over 60% of Binance traders with an open BTC position were positioned short.
The market remained "Greedy" according to the Crypto Fear and Greed Index, implying a potential surge in buying pressure.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Pi (PI)</td>
<td>+49.64%</td>
<td>$1.15</td>
</tr>
<tr>
<td>Four (FORM)</td>
<td>+8.61%</td>
<td>$2.59</td>
</tr>
<tr>
<td>Kaspa (KAS)</td>
<td>+6.89%</td>
<td>$0.1184</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.34 trillion, following a 0.60% dip in the last 24 hours.
Stock futures spiked Sunday overnight. The Dow Jones Industrial Average Futures rose 436 points, or 1.06%, as of 8:36 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 lifted 1.34%, while Nasdaq 100 Futures gained 1.76%.
The rally came after President Donald Trump said <a href="https://www.benzinga.com/news/global/25/05/45337811/trump-announces-total-reset-as-us-china-trade-talks-aim-to-end-tariff-war">"great progress" was made</a> during the high-level trade talks between the U.S. and China in Geneva and signaled a "total reset."&nbsp;
Infact, the White House announced progress on the trade deal in a post on X.
<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">BREAKING: U.S. Announces China Trade Deal in Geneva <a href="https://t.co/JjgvYAvAGe">pic.twitter.com/JjgvYAvAGe</a>
&mdash; The White House (@WhiteHouse) <a href="https://twitter.com/WhiteHouse/status/1921623939060519353?ref_src=twsrc%5Etfw">May 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
This week, investors will await the consumer price index reading for April, allowing them to gauge the impact of trade tensions on the economy and inflation.
Stocks also climbed on Wednesday. The Dow Jones Industrial Average rose 254.48 points, or 0.62%, to end at 41,368.45. The S&amp;P 500 lifted 0.58% to close at 5,663.94, while the tech-heavy Nasdaq Composite gained 1.07% to finish at 17,928.14.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Cryptocurrency analyst and trader Rekt Capital identified $104,500 as a significant level for Bitcoin, with a weekly close above it paving the way for a &#8220;price discovery uptrend.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Are you ready for Price Discovery Uptrend 2? Bitcoin is a Weekly Close above ~$104500 away from breakout<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/os0jw3oS1O">https://t.co/os0jw3oS1O</a> <a href="https://t.co/joZSavPQ6h">pic.twitter.com/joZSavPQ6h</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1921550395559538839?ref_src=twsrc%5Etfw">May 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another widely followed trader, Roman, said Ethereum's weekly growth chart painted a "solid recovery."&nbsp;
"I'd like to see a bit more continuation before a pullback. Will consider opening up alt spot positions once again if this occurs," Roman added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> 1W Not gonna lie, looking like a solid recovery as we're back above diagonal and horizontal resistance. I'd like to see a bit more continuation before a pullback. Will consider opening up <a href="https://twitter.com/search?q=%24alt&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$alt</a> spot positions once again if this occurs. This next weekly close is important! <a href="https://t.co/74O0AHrU3v">pic.twitter.com/74O0AHrU3v</a>
&mdash; Roman (@Roman_Trading) <a href="https://twitter.com/Roman_Trading/status/1921713585547268394?ref_src=twsrc%5Etfw">May 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: Yalcin Sonat on Shutterstock.com
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45335892/decade-old-bitcoin-whale-emerges-transfers-207-51-million-btc-with-nearly-112000-profit">Decade-Old Bitcoin Whale Emerges, Transfers $207.51 Million BTC With Nearly 112,000% Profit</a></li>
</ul>

Movers

Trading Ideas

$DOGE

$ETH

Bitcoin Taps $105,000, Ethereum Steady, Dogecoin Falls As US Announces China Trade Deal: Analyst Says BTC In For A 'Price Discovery Uptrend' If It Secures A Weekly Close Above This Level

Press Releases

Wing Yip Food Holdings Group Limited Announces Pricing of Initial Public Offering

Wing Yip Food Holdings Group Limited Announces Closing of Initial Public Offering

Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of Wing Yip Food Holdings Group Limited

IPOs

D. Boral Capital Acted as Joint Bookrunner to Wing Yip Food Holdings Group Limited (Nasdaq: WYHG) in connection with its $8.2 Million Initial Public Offering

Comments

Wing Yip Food Holdings

Interés en corto

Wing Yip Food Holdings (NASDAQ:WYHG) Bolsa, Informe de interés en corto

La gente también mira

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL