Ascend Wellness Holdings Azioni (OTC: AAWH)

Ultime notizie per Ascend Wellness Holdings (OTC:AAWH) Azioni

Ascend Wellness Holdings Inc is a vertically integrated multi-state operator focused on adult-use or near-term adult-use cannabis states in limited licenses markets. The company's core business is the cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which it sells through company-owned retail stores and third-party licensed cannabis retail stores. It generates maximum revenue from the retail product segment.

ASCEND WELLNESS HOLDNGS A by Ascend Wellness Holdings, Inc.

Ascend Wellness Holdings Inc

The Future Fund LLC  managing partner, Gary Black and a long-term Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) bull, is challenging conventional wisdom among Tesla investors regarding the future of autonomous ride-hailing and Uber Technologies Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) position in the market.
What Happened: Black drew a compelling parallel between Uber&#8217;s potential shift to driverless vehicles and Netflix Inc.&#8216;s strategic pivot in 2007. 
In a post on X, Black wrote, &#8220;The best analogy to Uber is Netflix, which disrupted its own DVD delivery business in 2007 to embrace streaming &#8211; just as Uber will disrupt its own ride-hailing business to go driverless,&#8221; Black added. &#8220;Many Tesla faithful are missing this.&#8221;
Black has previously argued that ride-sharing companies like Uber and Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) stand to benefit significantly from autonomous technology, claiming that driverless operations could <a href="https://www.benzinga.com/25/05/45339797/gary-black-doubles-down-on-ubers-autonomy-upside-reflects-on-tesla-debates-i-was-right-on-volume-pr-and-robotaxis">reduce costs from $2 per mile to $1 per mile</a>. He emphasized that Uber&#8217;s existing network of 24 million active riders gives it a substantial competitive advantage.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The best analogy to <a href="https://twitter.com/search?q=%24UBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UBER</a> is <a href="https://twitter.com/search?q=%24NFLX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NFLX</a>, which disrupted its own DVD delivery business in 2007 to embrace streaming &#8211; just as <a href="https://twitter.com/search?q=%24UBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UBER</a> will disrupt its own ride-hailing business to go driverless. Many <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> faithful are missing this. <a href="https://t.co/Cy3cpQOhsA">pic.twitter.com/Cy3cpQOhsA</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1925083607300706577?ref_src=twsrc%5Etfw">May 21, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45536259/palantir-partners-with-sap-to-fuse-ontology-foundry-and-enterprise-dataceo-alex-karp-calls-it-extremely-valuable">Palantir Partners With SAP To Fuse Ontology, Foundry And Enterprise Data: CEO Alex Karp Calls It &#8216;Extremely Valuable&#8217;</a>
Why It Matters: Despite being a Tesla investor with a <a href="https://www.benzinga.com/25/05/45354683/tesla-probably-wont-make-money-on-ride-hailing-for-years-gary-black-says">$310 price target on the stock</a>, Black has become increasingly critical of certain Tesla narratives. He has challenged Tesla CEO Elon Musk&#8216;s <a href="https://www.benzinga.com/25/05/45339797/gary-black-doubles-down-on-ubers-autonomy-upside-reflects-on-tesla-debates-i-was-right-on-volume-pr-and-robotaxis">20 million vehicle delivery target for 2030</a>, with Wall Street consensus now closer to 3.9 million units.
Black warns that Tesla &#8220;can&#8217;t just create a network of 24M active riders&#8221; overnight and that <a href="https://www.benzinga.com/25/05/45283323/gary-black-thinks-uber-could-have-an-advantage-over-elon-musk-and-tesla-in-the-robotaxi-race">competition among multiple players in the driverless ride-hailing market</a> could mean Tesla &#8220;may not make money on ride-hailing for years.&#8221;
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/05/45536218/walmart-responds-to-trumps-eat-the-tariff-remark-worked-to-keep-our-prices-as-low-as-possible-and-we-wont-stop">Walmart Responds To Trump&#8217;s &#8216;Eat The Tariff&#8217; Remark: &#8216;&#8230;Worked To Keep Our Prices As Low As Possible And We Won&#8217;t Stop&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

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Opinion

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Tech

LYFT

TSLA

UBER

Gary Black Compares Uber's Shift To Driverless Cars With Netflix's 2007 Move From DVDs To Streaming, Says Tesla 'Faithful' Are Missing The Bigger Picture

Commission-free trading firm Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)&nbsp;proposed&nbsp;a federal framework to the U.S. Securities and Exchange Commission for tokenized&nbsp;real-world assets, according to a report dated Tuesday.
What Happened: Robinhood&#8217;s letter, addressed to SEC Chair Paul Atkins and Commissioner Hester Peirce, outlined a plan&nbsp;for a unified national framework&nbsp;for bringing real-world assets on-chain, <a href="https://www.forbes.com/sites/digital-assets/2025/05/20/breaking-robinhoods-rwa-proposal-could-bring-wall-street-onchain/">according</a> to Forbes.
Robinhood&#8217;s proposal suggested replacing the current fragmented, state-by-state compliance approach with a unified national framework. The proposal also stated that tokens representing assets, such as equities or government bonds, should&nbsp;be legally equivalent to the&nbsp;underlying asset, not classified as&nbsp;derivatives or synthetic products.
Robinhood also pushed for allowing broker-dealers like itself to custody and trade tokenized assets using existing regulatory guardrails, not separate, uncertain structures.
See Also:&nbsp;<a href="https://benzinga.com/25/05/45535042/recession-odds-tumble-on-kalshi-crypto-based-polymarket-as-trumps-tariff-concerns-subside" target="_blank" rel="noreferrer noopener">Recession Odds Slip Below 40% On Crypto Betting Marketplace As Trump Tariff Fears Fade After China Deal</a>
Why It Matters: Robinhood&#8217;s push for bringing real-world assets on blockchain rails is not new. Earlier in January, CEO&nbsp;Vlad Tenev <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43294972/robinhood-ceo-vlad-tenev-pushes-for-tokenization-to-unlock-private-companies-like-spacex-and-openai-for-more-investors">backed the tokenization</a> of private company shares, arguing that it would allow the general public to invest in these firms early in their development. 
Tenev <a href="https://www.benzinga.com/25/05/45127294/robinhood-plans-to-tokenize-private-companies-like-spacex-and-openai-seeks-regulatory-green-light">reaffirmed this vision</a> during the company&#8217;s first quarter earnings call earlier this month, stating that they have the technology to tokenize shares of firms such as SpaceX and OpenAI, but what is required is &#8220;comprehensive securities legislation.&#8221;
Real-world asset tokenization has emerged as one of the hottest cryptocurrency narratives in recent years. BlackRock, the world&#8217;s largest asset management firm, introduced BUIDL, a tokenized U.S. Treasury product built on Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), last year.
Anthony Moro, CEO of&nbsp;Provenance Blockchain Labs and a known industry expert,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41330879/tokenization-on-track-to-reach-trillion-dollar-market-by-2030-says-industry-expert" target="_blank" rel="noreferrer noopener">predicted tokenization to become a trillion-dollar market by 2030.</a>
Price Action: Shares of Robinhood dipped 0.71% in pre-market trading after closing 1% higher at $64.91 during Tuesday&#8217;s trading session, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Year-to-date, the stock has gained over 74%.
The stock exhibited high momentum and growth scores as of this writing.&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a>&nbsp;can help you see how other cryptocurrency-focused companies stack up on these metrics.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="508" height="188" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21051348/Screenshot-2025-05-21-144326.png" alt="" class="wp-image-922467" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21051348/Screenshot-2025-05-21-144326.png 508w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21051348/Screenshot-2025-05-21-144326-300x111.png 300w" sizes="(max-width: 508px) 100vw, 508px" /></figure>
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/cryptocurrency/25/05/45527096/bitcoin-whale-trader-up-over-20-million-in-unrealized-gains-on-700-million-btc-pepe-positions" target="_blank" rel="noreferrer noopener">Bitcoin Whale Trader Up Over $20 Million In Unrealized Gains On $700 Million BTC, Pepe Positions</a></li>
</ul>
Read Next:&nbsp;
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$ETH

HOOD

Robinhood Submits Proposal To SEC To Regulate Tokenized Assets As Brokerage Firm Seeks To Modernize Wall Street Rules

President Donald Trump's 1,000-page <a href="https://www.benzinga.com/government/regulations/25/05/45506863/trumps-big-beautiful-bill-advances-heres-who-wins-and-loses">"big, beautiful bill"</a> includes provisions that could increase tax credits for parents and introduce savings accounts for children.
What Happened: The proposed legislation includes a temporary bump to the child tax credit, increasing it by $500 to a total of $2,500 per child. It also raises the standard deduction for joint filers by $2,000, making it $32,000.
On top of these tax adjustments, the bill outlines a new savings program called "MAGA" accounts, short for "Money Accounts for Growth and Advancement."
Under this plan, the government would deposit $1,000 into accounts for children born between 2024 and 2028. Families would be able to contribute up to $5,000 every year, with restricted access until age 18 and full access by 30.
See Also: <a href="https://www.benzinga.com/markets/25/05/45535837/us-faces-death-by-a-thousand-cuts-as-national-debt-tops-36-trillion-cautions-deutsche-bank-the-drip-drip-drip-of-poor-fiscal-news-building-up">US Faces &#8216;Death By A Thousand Cuts&#8217; As National Debt Tops $36 Trillion, Cautions Deutsche Bank: &#8216;&#8230;The Drip, Drip, Drip Of Poor Fiscal News Building Up&#8230;&#8217;</a>
Why It Matters: The provisions would be beneficial for millions of households, but they come at a cost. The multitrillion-dollar package has generated widespread criticism for including cuts to safety net programs like Medicaid, food stamps, and clean energy subsidies.
While some Republicans are advocating for even more cuts, others are resisting reductions to healthcare.
"They literally are trying to take health care away from millions of Americans at this very moment in the dead of night," said House Democratic Leader Hakeem Jeffries. Internal GOP disagreements concerning state and local tax deductions have further complicated negotiations, according <a href="https://thehill.com/homenews/nexstar_media_wire/5310688-how-would-trumps-budget-bill-affect-the-child-tax-credit/">to </a>The Hill.
Sen. Bernie Sanders (I-Vt) called the bill <a href="https://www.benzinga.com/news/25/05/45482399/bernie-sanders-calls-trumps-big-beautiful-bill-a-death-sentence-says-it-delivers-235-billion-tax-bre">&#8220;disastrous,&#8221;</a> highlighting the $235 billion estate tax break to the wealthiest 0.2% of Americans. Economist Justin Wolfers compared the bill's approach to a <a href="https://www.benzinga.com/25/05/45535537/trumps-budget-agenda-is-reverse-robin-hood-economics-says-justin-wolferstakes-from-working-families-gives-to-the-rich">"pure reverse Robin Hood."</a>
Sen. Elizabeth Warren (D-Mass.) criticized Republicans for <a href="https://www.benzinga.com/25/05/45511553/elizabeth-warren-slams-republicans-for-dead-of-night-voting-strategy-on-trumps-big-beautiful-billwhy-hide">scheduling voting in late-night slots,</a> alleging that the reason is to "hide" the fact that the bill "rips away health care from babies, new moms, and seniors."
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45535042/recession-odds-tumble-on-kalshi-crypto-based-polymarket-as-trumps-tariff-concerns-subside">Recession Odds Slip Below 40% On Crypto Betting Marketplace As Trump Tariff Fears Fade After China Deal</a></li>
</ul>
Photo courtesy: Shutterstock

Health Care

Politics

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Trump's Tax Bill Expands Child Benefits With $2,500 Credit And $1,000 Savings Boost For Babies Born Through 2028

For the second quarter of 2025, the Company expects:
<ul>
<li>Deliveries of vehicles to be between 102,000 and 108,000, representing a year-over-year increase of approximately 237.7% to 257.5%. &nbsp;</li>
<li>Total revenues to be between RMB17.5 billion and RMB18.7 billion, representing a year-over-year increase of approximately 115.7% to 130.5%.</li>
</ul>

Guidance

XPEV

XPeng Expects Q2 Vehicle Deliveries Of 102K-108K, Up By 237.7%-257.5% YoY, Revenue Of RMB17.5B-RMB18.7B Vs. RMB16.85B Est.

Total deliveries of vehicles were 94,008 for the first quarter of 2025, representing an increase of 330.8% from 21,821 in the corresponding period of 2024. &nbsp;

XPeng's Q1 Vehicle Deliveries Surged 330.8% Year-Over-Year To 94,008 Units

Earnings

Earnings Beats

Earnings Misses

XPeng Q1 Adj. EPADS $(0.06) Beats $(1.32) Estimate, Sales $2.18B Miss $15.12B Estimate

Cadeler (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDLR#NYSE">CDLR</a>) reported quarterly earnings of $0.04 per share which met the analyst consensus estimate. This is a 161.54 percent increase over losses of $(0.07) per share from the same period last year. The company reported quarterly sales of $68.35 million which missed the analyst consensus estimate of $75.93 million by 9.97 percent. This is a 230.17 percent increase over sales of $20.70 million the same period last year.

CDLR

Cadeler Q1 EPS $0.04, Inline, Sales $68.35M Miss $75.93M Estimate

WeRide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) reported quarterly losses of $(0.18) per share. The company reported $9.98 million in sales this quarter.

WeRide Q1 EPS $(0.18) With Sales $9.98M; As Of March 31 Company Had $610.3M In Cash And Equivalents And Time Deposits

WeRide Reveals Plan To Boost Commercial Robotaxi Services To 15 Additional Cities Globally

U.S. Transportation Secretary Sean Duffy visited Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Gigafactory in Austin, Texas, where he was joined by CEO Elon Musk.
What Happened: "We're thrilled about the future of autonomous vehicles and Tesla, one of the great companies that are evolving this technology," Duffy said in a video on social media platform X, which showcased highlights from his visit to the factory on Tuesday.
<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">America is at the forefront of innovation.<a href="https://twitter.com/Tesla?ref_src=twsrc%5Etfw">@Tesla</a> is one of the many companies helping our country reach new heights. <a href="https://twitter.com/USDOT?ref_src=twsrc%5Etfw">@USDOT</a> will be right there all the way to make sure Americans stay safe. <a href="https://t.co/HsmZ85KZCO">pic.twitter.com/HsmZ85KZCO</a>
&mdash; Secretary Sean Duffy (@SecDuffy) <a href="https://twitter.com/SecDuffy/status/1924997829610680634?ref_src=twsrc%5Etfw">May 21, 2025</a></blockquote>
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"America is at the forefront of innovation. @Tesla is one of the many companies helping our country reach new heights. @USDOT will be right there all the way to make sure Americans stay safe." Duffy said in the post. The video also highlighted how autonomous driving could help reduce traffic accidents and fatalities.
In a separate video, the Secretary shared a conversation with Musk where they talked about the Department of Transportation's role in innovation in the American auto industry.
<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">Stopped by <a href="https://twitter.com/Tesla?ref_src=twsrc%5Etfw">@Tesla</a> Gigafactory in Austin with <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@ElonMusk</a> to see firsthand the future of autonomous vehicles. We need American companies to keep innovating so we can outcompete the rest of the world <a href="https://t.co/ygAqjZhhZG">pic.twitter.com/ygAqjZhhZG</a>
&mdash; Secretary Sean Duffy (@SecDuffy) <a href="https://twitter.com/SecDuffy/status/1924969885584462316?ref_src=twsrc%5Etfw">May 20, 2025</a></blockquote>
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Musk touched upon federal regulation for autonomous vehicles in the U.S. "It'd be wonderful for the United States to have a national set of rules for autonomous driving as opposed to 50 independent sets of rules on a state-by-state rules basis," Musk said.
Duffy echoed Musk's comments in the video. "You can't have 50 different rules for 50 different states. You need one standard," he said before sharing that the agency has asked AV companies to send in data so that the DOT can develop a single standard.
Why It Matters: Duffy's comments come in as the agency eased <a href="https://www.benzinga.com/25/04/45001024/trump-administration-announces-exemptions-for-autonomous-driving-companies-in-the-us-eases-self-driving-crash-report-requirements">some of the regulations</a> required for Domestic Autonomous Driving companies and provided them with some U.S. Safety Standards exemptions, previously reserved for imports.
House GOP Representatives also <a href="https://www.benzinga.com/tech/25/05/45277309/house-gop-representatives-want-to-axe-federal-ev-credit-amid-trumps-tax-cuts-report">proposed axing the Federal EV credit</a> currently offered on all EV purchases, which has been opposed by automakers who are in favor of gradually phasing out the credits instead of a blanket halt.
Elsewhere, Duffy also recently shared that the previous Biden administration had reportedly exceeded its legal capacity by <a href="https://www.benzinga.com/25/05/45514932/us-transportation-secretary-says-the-biden-administration-exceeded-legal-authority-to-include-evs-in-cafe-regulations-report">illegally using CAFE standards </a>as a "backdoor EV mandate."
TSLA scores well on Momentum, Growth, and Quality metrics, but offers poor Value. For more such 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> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link</a>.&nbsp;
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45245835/tesla-hands-out-free-1-year-supervised-fsd-trial-to-select-cybertruck-owners">Tesla Offers Free 1-Year Supervised FSD Trial To Select Cybertruck Owners Amid Elon Musk's Self Driving Push</a></li>
</ul>
Photo courtesy: Shutterstock

Transportation Secretary Sean Duffy Visits Elon Musk's Tesla Gigafactory In Austin, Hints At Possible Federal Autonomous Driving Regulations

WeRide Announces $100M Share Repurchase Program, Company Says It Remains Confident In Business Fundamentals And Long-Term Outlook

Perplexity AI CEO Aravind Srinivas believes search giant Google is currently at its most vulnerable since its founding over two decades ago, caught between its legacy dominance in search advertising and the fast-moving disruption of AI-native search.
What Happened: During the Sohn Investment Conference 2025 in New York last week, Srinivas did not hold back while saying, &#8220;This is the first time in two decades that Google is extremely vulnerable,&#8221; citing Alphabet Inc.&#8217;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>) heavy reliance on ultra-high-margin search advertising as a strategic liability in the current AI arms race.
While the company has diversified extensively over the years, across YouTube, Cloud, and even hardware, Srinivas argues that none of them are comparable in profitability. &#8220;YouTube is not a high-margin business… cloud is not a high-margin business… same thing with AI,&#8221; he said.
See Also: <a href="https://www.benzinga.com/markets/25/05/45535837/us-faces-death-by-a-thousand-cuts-as-national-debt-tops-36-trillion-cautions-deutsche-bank-the-drip-drip-drip-of-poor-fiscal-news-building-up">US Faces &#8216;Death By A Thousand Cuts&#8217; As National Debt Tops $36 Trillion, Cautions Deutsche Bank: &#8216;&#8230;The Drip, Drip, Drip Of Poor Fiscal News Building Up&#8230;&#8217;</a>
A former Google employee himself, Srinivas underscored the irony of it all, with the company having led the way with early AI breakthroughs, with acquisitions like DeepMind and DNNresearch, founded by Nobel Prize-winning luminaries, Demis Hassabis and Geoffrey Hinton, and yet Google was paralyzed by its own success.
&#8220;They can still be entrapped into this trap that they saw coming,&#8221; he says, referencing the classic innovator's dilemma.
The branding risk is also immense, Srinivas noted. &#8220;One out of ten mistakes at the scale of 10 billion daily queries is a billion mistakes a day,&#8221; he says. That level of failure in a public-facing AI product could erode Google's reputation, which was once, and probably still is, synonymous with trust and reliability.
Why It Matters: Two weeks ago, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) executive Eddy Cue disclosed that, for the first time, search volume on the company&#8217;s Safari browser, where Google remains the default search engine, had declined.
The revelation triggered a pullback in both Apple and Alphabet shares. Srinivas <a href="https://benzinga.com/markets/equities/25/05/45277969/ai-is-eating-search-google-rival-perplexity-ceo-arvind-srinivas-says-as-dan-nile-predicts-agents-to-take-future-share-amid-alphabet-apple-stock-fall">responded on X</a> with a blunt take, &#8220;AI is eating search.&#8221; The decline was widely interpreted as a sign that AI-native platforms like ChatGPT and Perplexity are beginning to chip away at traditional search traffic.
<figure class="wp-block-embed aligncenter 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">AI is eating search <a href="https://t.co/oVFHM0hO2S">pic.twitter.com/oVFHM0hO2S</a>
&mdash; Aravind Srinivas (@AravSrinivas) <a href="https://twitter.com/AravSrinivas/status/1920220641812492434?ref_src=twsrc%5Etfw">May 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">Fund manager Gene Munster recently compared Google with video rental service Redbox, saying that the search giant, too, might <a href="https://benzinga.com/25/05/45311557/gene-munster-warns-googles-search-grip-is-slipping-as-chatgpt-alters-user-behavior-doj-turns-up-the-heat">slowly fade into oblivion</a> over the next couple of years.</figcaption></figure>
Price Action: Alphabet shares were down 1.52% on Tuesday, ending at $165.32 per share, but are up 0.31% after hours, following its <a href="https://www.benzinga.com/markets/25/05/45509746/google-i-o-2025-a-big-deal-says-gene-munster-sundar-pichais-alphabet-has-no-choice-but-to-disrupt-itself-before-someone-else-does">Google I/O developer event</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="132" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21041600/Screenshot-2025-05-21-at-1.45.49-PM-1024x132.png" alt="" class="wp-image-922388" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21041600/Screenshot-2025-05-21-at-1.45.49-PM-1024x132.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21041600/Screenshot-2025-05-21-at-1.45.49-PM-300x39.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21041600/Screenshot-2025-05-21-at-1.45.49-PM-768x99.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21041600/Screenshot-2025-05-21-at-1.45.49-PM-1536x198.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21041600/Screenshot-2025-05-21-at-1.45.49-PM.png 1596w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Alphabet shares score high on Quality and Growth in Benzinga&#8217;s Edge Stock Rankings, it has a favorable price trend in the short term, but not in the medium and long terms. Check <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Aravind Srinivas and Sebastian Mallaby at Sohn 2025" width="500" height="281" src="https://www.youtube.com/embed/4sAXtTvczu0?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>
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Read More: 
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<li><a href="https://www.benzinga.com/news/25/05/45536187/dan-ives-calls-teslas-austin-robotaxi-launch-a-watershed-moment-maintains-bullish-views-on-tesla">Dan Ives Calls Tesla&#8217;s Austin Robotaxi Launch A &#8216;Watershed Moment,&#8217; Maintains Bullish Views On Tesla</a></li>
</ul>
Photo Courtesy: JHVEPhoto on Shutterstock.com

AAPL

GOOG

GOOGL

'This Is The First Time In Two Decades That Google Is Extremely Vulnerable:' Perplexity's CEO Breaks Down Search Giant's Margin Trap

<a href="https://www.wsj.com/business/medtronic-diabetes-company-fe0aeb3f" title="https://www.wsj.com/business/medtronic-diabetes-company-fe0aeb3f">https://www.wsj.com/business/medtronic-diabetes-company-fe0aeb3f</a>

Rumors

The Wall Street Journal Reported Medtronic to Separate Diabetes Business With Completion Expected Within 18 Months

President Donald Trump is currently considering a new executive order that would push U.S. agencies to let private equity firms tap into the country's huge <a href="https://www.benzinga.com/25/05/45298194/interested-in-the-new-super-funding-401k-opportunity-heres-how-to-know-if-you-qualify">401(k) savings</a> pool, which is worth almost $9 trillion.
What Happened: Trump's team is drafting an order that would direct regulators like the Labor Department, Treasury, and SEC to assess allowing 401(k) plans to invest in private capital markets.
According <a href="https://www.ft.com/content/aeda9848-67c1-482c-8ea3-f1063fa572ef">to</a> the Financial Times, this could include buyout funds, real estate deals, and other alternative assets. Trump had expressed support for similar access in his first term, but legal concerns over fiduciary liability delayed adoption.
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45532892/legendary-investor-jeremy-grantham-warns-of-50-stock-market-crash">Legendary Investor Jeremy Grantham Warns Of 50% Stock Market Crash</a>
Why It Matters: If the order is issued and retirement plan providers get the go-ahead, key private equity firms like Blackstone, KKR, and Apollo could obtain access to a new stream of capital from ordinary American workers. Long-term savers are likely to benefit from the potentially higher returns of private investments. However, steep fees, limited liquidity, and murky asset valuations may lead to challenges.
Existing rules restrict how much of a fund's portfolio can be tied up in private assets, but regulators have already indicated their inclination to relax those caps. SEC Chair Paul Atkins recently hinted that the agency may ease current limitations to give all investors wider exposure to alternative investments.
This report comes just as House Republicans have revised key parts of their&nbsp;<a href="https://www.benzinga.com/general/health-care/25/05/45345409/trumps-big-beautiful-bill-banks-on-huge-medicaid-cuts-as-its-cost-saving-centerpiece-see-who-risks-losing-coverage-under-the-gop-proposal" target="_blank" rel="noreferrer noopener">proposed spending cuts</a>&nbsp;targeting federal employee retirement benefits, <a href="https://www.benzinga.com/25/05/45512311/house-gop-retreats-on-retirement-cuts-after-backlash-grandfather-protections-restored-fers-changes-pushed-to-2028-in-latest-version-of-reconciliation-bill">softening some of the most controversial measures</a> in response to internal opposition and growing criticism from federal workers and advocacy groups.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45533976/mr-wonderful-kevin-o-leary-says-elizabeth-warren-taking-an-un-american-position-by-challenging-crypto-law-bill-has-nothing-to-do-with-trump">Mr Wonderful Kevin O&#8217; Leary Says Elizabeth Warren Taking An &#8216;Un American&#8217; Position By Challenging Crypto Law: &#8216;Bill Has Nothing To Do With Trump&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Trump Eyes Retirement Overhaul That Could Push Billions From 401(k)s Into High-Stakes Private Equity Funds: Report

Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.38 by 18.42 percent. This is a 9.76 percent increase over earnings of $0.41 per share from the same period last year. The company reported quarterly sales of $396.86 million which beat the analyst consensus estimate of $394.21 million by 0.67 percent. This is a 0.34 percent increase over sales of $395.50 million the same period last year.

Weibo Q1 Adj. EPS $0.45 Beats $0.38 Estimate, Sales $396.86M Beat $394.21M Estimate

On Tuesday, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk clapped back at Bill Gates after the Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) co-founder said that the tech mogul's cost-cutting efforts at USAID under President Donald Trump's Department of Government Efficiency (DOGE) could <a href="https://www.benzinga.com/25/05/45311187/the-picture-of-the-worlds-richest-man-killing-the-worlds-poorest-children-is-not-a-pretty-one-says-bill-gates-slamming-elon-musk-over-abrupt-usaid-cuts">endanger millions of lives</a>.
What Happened: During an onstage interview at the Qatar Economic Forum, Musk pushed back hard on Gates&#8217; accusation that he is "killing the world's poorest children" through what the Microsoft co-founder described as ill-advised U.S. development aid.
In response, Musk demanded proof. "I'd like him to show us any evidence whatsoever that this is true. It's false."
See Also: <a href="https://www.benzinga.com/media/25/05/45534314/elon-musk-just-got-grilled-on-doge-spending-hits-back-with-were-not-kings-here">Elon Musk Just Got Grilled On DOGE Spending, Hits Back With &#8216;We&#8217;re Not Kings Here&#8217;</a>
He also asked, "Who does Bill Gates think he is to make comments about the welfare of children, given that he frequented Jeffrey Epstein?" He was referring to Gates' multiple meetings with the late <a href="https://www.benzinga.com/news/25/03/44067638/elon-musk-claims-rival-billionaire-wants-to-destroy-trump-to-suppress-jeffrey-epstein-client-list">convicted sex offender</a>.
"I wouldn't want that guy to babysit my kids," Musk added.
Gates has repeatedly expressed regret over his association with Epstein, who was found dead in his jail cell in 2019, with the <a href="https://www.benzinga.com/news/19/08/14244993/reports-jeffrey-epstein-dies-by-suicide-in-jail">death ruled a suicide</a>. &#8220;I will say for the, you know, over hundredth time, yeah, I shouldn&#8217;t have had dinners with him,&#8221; Gates said in 2023.
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<iframe loading="lazy" title="ELON MUSK&#039;S full speech at QATAR ECONOMIC FORUM" width="500" height="281" src="https://www.youtube.com/embed/76nZJbiSTqQ?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>
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Why It's Important: DOGE has reportedly slashed more than 80% of USAID's programs, <a href="https://www.businessinsider.com/marco-rubio-announces-official-end-of-most-usaid-programs-2025-3">noted</a> Business Insider, citing Secretary of State Marco Rubio.
&nbsp;"We spent the weekend feeding USAID into the wood chipper," Musk posted on X in February earlier this year.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We spent the weekend feeding USAID into the wood chipper. Could gone to some great parties. Did that instead. <a href="https://t.co/0V35nacICW">https://t.co/0V35nacICW</a>
&mdash; Kekius Maximus (@elonmusk) <a href="https://twitter.com/elonmusk/status/1886307316804263979?ref_src=twsrc%5Etfw">February 3, 2025</a></blockquote>
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However, on Tuesday, Musk said that essential services had been preserved. &#8220;They haven&#8217;t all been cut. The parts of USAID that were found to be even slightly useful were transferred to the State Department, so no, they&#8217;ve not been deleted, they&#8217;ve simply been transferred to the State Department,&#8221; Musk stated.
Musk's role with DOGE has sparked <a href="https://benzinga.com/markets/25/05/45163408/doge-not-as-effective-as-id-like-says-elon-musk-calls-reform-really-difficult-like-changing-direction-of-a-fleet-of-supertankers">discussion since he took on the position</a>. Although there have been attempts to reduce expenses, Treasury data reportedly indicates that <a href="https://www.benzinga.com/25/04/44778750/musks-government-efficiency-push-falls-short-as-treasury-data-shows-spending-up-sharply-under-trumps-second-term-report">federal spending has actually risen by $154 billion</a> since President Trump returned to office.
During <a href="https://www.benzinga.com/news/earnings/25/04/44937440/tesla-q1-misses-estimates-as-tariff-pressures-weigh-on-outlook-lower-cost-evs-still-on-track">Tesla's first-quarter earnings</a> call last month, Musk announced plans to <a href="https://www.benzinga.com/25/05/45381782/elon-musk-vows-to-spend-less-time-in-white-house-doge-office-investors-warn-the-damage-is-done-and-teslas-troubles-are-far-from-over">scale back his involvement</a> with DOGE. The move comes as investors voice concerns that his political commitments may be diverting attention from Tesla's primary business.
Based on Benzinga Edge Stock Rankings, Tesla has a growth score of 45.44%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against other top-performing stocks</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21020534/Screenshot-2025-05-21-at-11.35.29%E2%80%AFAM.png" alt="" class="wp-image-922194" style="width:391px;height:auto" /></a></figure>
Photo Courtesy: Frederic Legrand &#8211; COMEO On Shutterstock.com
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<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

MSFT

Elon Musk Hits Back With Epstein Jab After Bill Gates Accused Him Of 'Killing The World's Poorest Children:' 'I'd Like Him To Show Us Any Evidence'

Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) reported quarterly earnings of $2.55 per share which beat the analyst consensus estimate of $1.96 by 30.1 percent. This is a 7.61 percent decrease over earnings of $2.76 per share from the same period last year. The company reported quarterly sales of $4.47 billion which beat the analyst consensus estimate of $4.30 billion by 4.00 percent. This is a 2.45 percent increase over sales of $4.37 billion the same period last year.

BIDU

Baidu Q1 Adj. EPS $2.55 Beats $1.96 Estimate, Sales $4.47B Beat $4.30B Estimate

iQIYI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) reported quarterly earnings of $0.04 per share which beat the analyst consensus estimate of $0.03 by 33.33 percent. This is a 66.67 percent decrease over earnings of $0.12 per share from the same period last year. The company reported quarterly sales of $990.30 million which beat the analyst consensus estimate of $973.69 million by 1.71 percent. This is a 9.97 percent decrease over sales of $1.10 billion the same period last year.

iQIYI Q1 Adj. EPS $0.04 Beats $0.03 Estimate, Sales $990.30M Beat $973.69M Estimate

Shares of Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) rose sharply in today's pre-market after the company posted stronger-than-expected earnings and sales <a href="https://www.benzinga.com/news/earnings/25/05/45531911/toll-brothers-shares-are-up-after-strong-q2-results-eps-beat-revenues-beat">results for the second quarter</a>.
The company reported quarterly earnings of $3.50 per share, which beat the analyst consensus estimate of $2.92 by 19.86%. Quarterly revenue came in at $2.71 billion, which beat the Street estimate of $2.48 billion.
Toll Brothers shares jumped 6.1% to $110.86 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>Biodesix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BDSX#NASDAQ">BDSX</a>) rose 73.6% to $0.47 in pre-market trading. Biodesix Form4 filing showed Jack Schuler bought 4,723,239 shares of stock at an average price of $0.28 per share.</li>
<li>CFSB Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFSB#NASDAQ">CFSB</a>) surged 74.7% to $13.75 in pre-market trading after Hometown Financial Group announced plans to acquire the company for a total transaction value of $44 million.</li>
<li>Edible Garden AG Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) gained 56.1% to $5.62 in pre-market trading. Edible Garden shares jumped over 80% on Tuesday after the company announced it has launched the initial phase of its Kick. Sports Nutrition product line on Amazon.</li>
<li>Digital Ally, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) jumped 47.2% to $0.0530 in pre-market trading after falling 5% on Tuesday.</li>
<li>Petros Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTPI#NASDAQ">PTPI</a>) surged 37.1% to $0.17 in pre-market trading after falling 6% on Tuesday.</li>
<li>Gelteq Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GELS#NASDAQ">GELS</a>) gained 14.6% to $1.96 in pre-market trading after dipping 9% on Tuesday.</li>
<li>GCL Global Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCL#NASDAQ">GCL</a>) climbed 14.6% to $2.48 in pre-market trading.</li>
<li>D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) gained 13% to $18.71 in pre-market trading. D-Wave Quantum shares jumped around 26% on Tuesday after the company announced it launched its Advantage2 quantum system to address problems in optimization, AI, and materials simulation.</li>
<li>Tuya Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TUYA#NYSE">TUYA</a>) rose 7% to $2.76 in pre-market trading after reporting upbeat first-quarter results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) shares fell 55% to $1.41 in pre-market trading amid reports that the company is preparing to file for bankruptcy within weeks.</li>
<li>LeddarTech Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDTC#NASDAQ">LDTC</a>) fell 41.4% to $0.3005 in pre-market trading after the company announced a reduction of its workforce through temporary layoffs of around 138 individuals, representing about 95% of its total workforce.</li>
<li>Siyata Mobile Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYTA#NASDAQ">SYTA</a>) fell 21.6% to $6.40 in today's pre-market trading after jumping 101% on Tuesday.</li>
<li>NOVONIX Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVX#NASDAQ">NVX</a>) fell 18.3% to $1.12 in pre-market trading.</li>
<li>BloomZ Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMZ#NASDAQ">BLMZ</a>) shares dipped 14% to $0.1310 in pre-market trading after gaining around 50% on Tuesday.</li>
<li>Neo-Concept International Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCI#NASDAQ">NCI</a>) shares tumbled 13% to $0.3700 in pre-market trading after climbing around 25% on Tuesday.</li>
<li>QXO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NYSE">QXO</a>) dipped 9% to $16.71 in pre-market trading after the company announced it launched a dual public offering of common stock and depositary shares representing series B convertible preferred stock.</li>
<li>Polyrizon Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLRZ#NASDAQ">PLRZ</a>) shares fell 7.7% to $0.0048 in pre-market trading after dipping 21% on Tuesday.</li>
<li>Akso Health Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AHG#NASDAQ">AHG</a>) declined 6.3% to $1.49 in pre-market trading after gaining 11% on Tuesday.</li>
<li>Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) fell 3.8% to $187.15 in pre-market trading. Palo Alto Networks posted better-than-expected earnings for its third quarter on Tuesday. The company also raised its full-year 2025 guidance.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/25/05/45535402/target-lowes-and-3-stocks-to-watch-heading-into-wednesday">Target, Lowe&#8217;s And 3 Stocks To Watch Heading Into Wednesday</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

Movers

Trading Ideas

BDSX

BLMZ

CFSB

DGLY

EDBL

GELS

LDTC

Nuveen California Dividend Advantage Municipal Fund 2

PANW

PLRZ

PTPI

QBTS

SYTA

TUYA

WOLF

Why Toll Brothers Shares Are Trading Higher By Over 6%; Here Are 20 Stocks Moving Premarket

After the Congressional Budget Office (CBO) released its estimates for the distributional effects of the <a href="https://www.benzinga.com/personal-finance/25/05/45485150/the-one-big-beautiful-bill-would-create-maga-savings-accounts-with-a-1000-gift-from-the-government-at-birth">One Big Beautiful Bill Act</a>, this economist questioned the Donald Trump administration about the inflating deficit and its inclination toward catering to the wealthiest Americans.
What Happened: The CBO documents highlighted that tax changes, including extending provisions of the 2017 tax act, would lead to an increase in the federal deficit by $3.8 trillion.
Meanwhile, it also underscored a $698 billion reduction in federal subsidies from changes to the Medicaid program and $267 billion less in federal spending for the Supplemental Nutrition Assistance Program (SNAP).
The document also stated, &#8220;Household resources would decrease by an amount equal to about 2 percent of income in the lowest decile (tenth) of the income distribution in 2027 and 4 percent in 2033, mainly as a result of losses of in-kind transfers, such as Medicaid and SNAP.&#8221;
On the other hand, resources would increase by an amount equal to 4% for households in the highest decile in 2027 and 2% in 2033, mainly because of &#8220;reductions in the taxes they owe.&#8221;
Craig Shapiro, the macro strategist at the Bear Traps Report, pointed this out and said that the proposed bill will &#8220;explode the deficit while enriching the highest decile of Americans at the expense of the lowest decile.&#8221;
&#8220;Another opportunity squandered and further proof that the Republican Party continues to cater to the wealthiest Americans time and time again,&#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">Nice job by the Admin and House Republicans getting ready to try to pass a &quot;Big Beautiful Bill&quot; that will explode the deficit while enriching the highest decile of Americans at the expense of the lowest decile. Another opportunity squandered and further proof that the… <a href="https://t.co/66cJwNwE8m">https://t.co/66cJwNwE8m</a>
&mdash; Craig Shapiro (@ces921) <a href="https://twitter.com/ces921/status/1925005561180942458?ref_src=twsrc%5Etfw">May 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45515900/mstrs-new-bitcoin-accounting-standard-to-drive-financial-swings-make-earnings-volatile-says-expert-after-lawsuit-hits-strategy">MSTR&#8217;s New Bitcoin Accounting Standard To Drive &#8216;Financial Swings,&#8217; Make Earnings &#8216;Volatile,&#8217; Says Expert After Lawsuit Hits Strategy</a>
Why It Matters: Meanwhile, economist Peter Schiff also chimed in with his opinions, stating that the tax cuts just boost GDP at the &#8220;expense of larger budget and trade deficits and higher inflation, and long-term interest rates.&#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">Tax cuts that boost spending on consumer goods rather than promote higher savings, capital investment, and increased productivity, do not grow the economy. They merely boost GDP at the expense of larger budget and trade deficits and higher inflation and long-term interest rates.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1924968734491373978?ref_src=twsrc%5Etfw">May 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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After being stalled by some Republican hard-liners on Friday, President Trump&#8217;s One Big Beautiful Bill Act was advanced by the House Budget Committee in a 17-16 party-line vote late Sunday night, with four Republicans voting present.
The Rules Committee will meet midweek to prepare for a floor vote by the end of the week.
Price Action: Here is the list of <a href="https://www.benzinga.com/government/regulations/25/05/45506863/trumps-big-beautiful-bill-advances-heres-who-wins-and-loses">publicly listed losers and winners</a> if the said bill is passed.
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 Tuesday. The SPY was down 0.34% to $592.85, while the QQQ declined 0.33% to $520.27, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
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Economics

Big Beautiful Bill Will 'Explode The Deficit,' And Make The Rich Richer: Congressional Budget Office Estimates 4% Income Fall For Lowest Decile Of Americans By 2033

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