Ultime notizie per Atento (OTC:ATTOF) Azioni

Atento SA is a provider of customer relationship management (CRM) and business process outsourcing (BPO) services & solutions in Latin America. It offers a range of front and back-end services, including sales, customer care, collections, back-office, and technical support services. Atento provides its services and solutions through digital channels, which include SMS, email, chats, social media and apps, and others, as well as through voice and in-person. Its geographical segments are Brazil, America, and EMEA (Europe, the Middle East, and Africa).

Atento SA

News

INVA

Basilea And Innoviva Launch Zevtera In U.S. As First MRSA-Active Antibiotic Approved For Staph Bacteremia In Over A Decade

CRUS

Reported Earlier, Cirrus Logic And Compal Team Up to Launch AI-Powered Audio Tech That Tackles Laptop Rattle and Distortion

After the long-term 30-year Treasury yield jumped over 5% intraday on Monday following <a href="https://www.benzinga.com/news/econ-s/25/05/45479078/moodys-downgrades-us-credit-rating-over-debt-deficit-concerns">Moody&#8217;s downgrade</a> of the U.S. debt, this economist suggested that the Federal Reserve shouldn&#8217;t worry and let the bond vigilantes do the work.
What Happened: Craig Shapiro, the macro strategist at Bear Traps Report, said that the Federal Reserve should do &#8220;nothing at all.&#8221;
The best way for the central bank to deal with the higher yields was &#8220;Let the bond vigilantes eat.&#8221;
The term &#8220;bond vigilantes&#8221; was coined in the 1980s by economist Ed Yardeni to describe bond market investors who protest against government fiscal or monetary policies they believe will lead to inflation.
President Donald Trump proposed tax cuts in the &#8216;Big, Beautiful Bill,&#8217; which increases the probability of an inflated fiscal deficit, making bond investors wary of the bill.
When it comes to government spending and the dependability of U.S. Treasury bonds, investors concerned about long-term stability view deficit-expanding policies unfavorably.
Thus, Shapiro reiterated that bond vigilantes could handle the unforeseen effects of the bill by selling off bonds in response to the deficit increase fueled by tax cuts.
<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 for the Fed to &quot;deal&quot; with higher yields is to do nothing at all. Let the bond vigilantes eat
&mdash; Craig Shapiro (@ces921) <a href="https://twitter.com/ces921/status/1924428417304297773?ref_src=twsrc%5Etfw">May 19, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Yardeni highlighted that the Moody&#8217;s downgrade of the U.S. long-term credit rating from Aaa to Aa1, was an additional trigger for the bond market sell-off.
&#8220;While the bond market may be just starting to anticipate a bout of higher inflation in coming months, it got hit on Friday with Moody&#8217;s downgrade of the credit rating of US government debt. In addition, bond investors are closely and nervously monitoring budget talks in Washington,&#8221; he said.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45490762/charlie-munger-once-said-the-first-rule-of-compounding-is-to-never-interrupt-it-unnecessarily-now-his-wisdom-rings-true-as-the-sp-500-surges-220-over-10-years">Charlie Munger Once Said, &#8216;The First Rule Of Compounding Is To Never Interrupt It Unnecessarily&#8217; — Now His Wisdom Rings True As The S&amp;P 500 Surges 220% Over 10 Years</a>
Why It Matters: Despite spiking intraday on Monday, the Treasuries ended the day unchanged.
Kathy Jones, the chief fixed income strategist at Schwab Center for Financial Research, explained that the downgrade didn&#8217;t matter as much as the fiscal path that the government was heading on.
&#8220;Treasury yields back to unchanged. Moody&#8217;s didn&#8217;t tell us anything we didn&#8217;t already know, but the downgrade highlights the unsustainable fiscal path,&#8221; she said.
<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">Treasury yields back to unchanged. Moody&#39;s didn&#39;t tell us anything we didn&#39;t already know, but the downgrade highlights the unsustainable fiscal path. But dollar continues lower. The mix of policies &#8211; tariffs, re-shoring, shrinking trade deficit, and tax cuts expanding deficit… <a href="https://t.co/B8qslfqH4Z">pic.twitter.com/B8qslfqH4Z</a>
&mdash; Kathy Jones (@KathyJones) <a href="https://twitter.com/KathyJones/status/1924535833769464174?ref_src=twsrc%5Etfw">May 19, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Moody's projects the U.S. debt-to-GDP ratio to rise from nearly 100% in 2025 to approximately 130% by 2035. In a statement released in late March, Moody's noted that even under favorable economic conditions, the affordability of U.S. debt remains significantly weaker compared to other Aaa-rated and highly-rated sovereign nations.
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, rose on Monday. The SPY was up 0.11% to $594.85, while the QQQ advanced 0.096% to $522.01, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Tuesday, the futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices were trading slightly lower.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45487788/trumps-drug-price-order-hits-pbms-hardest-cvs-cigna-unh-in-focus-as-experts-highlight-racket-and-pricing-distorti" target="_blank" rel="noreferrer noopener">Trump's Drug Price Order Hits PBMs Hardest: CVS, Cigna, UNH In Focus As Experts Highlight ‘Racket,' Pricing Distortion</a></li>
</ul>
Photo courtesy: Domenico Fornas / Shutterstock.com

Analyst Color

Market Summary

Economics

Federal Reserve

Markets

Federal Reserve Should Do 'Nothing At All' About The Rising Yields, Says Craig Shapiro: 'Let The Bond Vigilantes Eat'

HLIT

Reported Earlier, Harmonic And Cignal TV Expand Partnership To Enable Scalable, Reliable Cloud-Based Video Delivery In The Philippines

Macro Economic Events

Econ #s

Germany Producer Price Index (MoM) For April -0.6% Vs. -0.3% Est.; -0.7% Prior

Reported Earlier, Ryman Hospitality Upsizes Stock Offering To 2.6M Common Shares At $96.20/Share To Help Fund JW Marriott Desert Ridge Acquisition

Reported Earlier, GF Expands Singapore Operations Through R&D Partnership With A*STAR To Strengthen AI-Era Semiconductor Supply Chain

According to author and journalist Patrick McGee, the decades-long reliance on China has not only exposed Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to growing geopolitical uncertainties but has also helped elevate its rivals.
What Happened: While discussing his new book, Apple In China, on CNBC&#8217;s &#8220;Squawk Box&#8221; on Monday, McGee says the tech giant inadvertently became the largest supporter of Beijing's &#8220;Made in China 2025&#8221; initiative, a policy launched by Chinese Premier Xi Jinping in 2015, aimed at achieving self-sufficiency in advanced manufacturing.
McGee says Apple only came to recognize its role in advancing Beijing's industrial ambitions midway through the last decade. 
See Also: <a href="https://www.benzinga.com/markets/25/05/45510198/scott-bessent-says-us-will-continue-trading-with-china-while-strategically-reshoring-semiconductors-steel-and-pharmaceuticals-to-protect-national-security">Scott Bessent Says US Will &#8216;Continue Trading With China&#8217; While Strategically Reshoring Semiconductors, Steel, and Pharmaceuticals To Protect National Security</a>
Around 2015 and 2016, they realized &#8220;we are actually the biggest supporter of this,&#8221; he says, &#8220;Our investment is more than double the Marshall Plan, adjusted for inflation, each year in China,&#8221; referring to the multi-billion-dollar U.S. economic aid to Western Europe after World War 2.
According to McGee, Apple has invested roughly $55 billion annually into Chinese factories owned by third parties. The company supplied wages for workers, training, and equipment. 
This was eventually repurposed by local smartphone giants, Oppo, Vivo, Huawei, and Xiaomi, he says, with Apple&#8217;s own supplier development efforts helping push Chinese smartphone makers to over 50% of the global market share. &#8220;The reason their technology is so good is Apple trained all of their suppliers,&#8221; McGee says.
McGee argues that Apple missed key opportunities in the early 2010s to diversify its supply chain, opting instead for aggressive stock buybacks. &#8220;If they were instead spending $50 billion a year building resiliency in the supply chain, they'd be in a better position,&#8221; he says.
Now, as Apple shifts manufacturing to India, McGee warned the move comes "a decade too late." While he supports the strategy, he cautioned that India could follow a similar path. &#8220;What if [Narendra] Modi takes India in a very authoritarian direction? That's a risk, for sure,&#8221; he says.
Why It Matters: Apple has been at the center of the trade and tariff storm in recent months, with Rosenblatt analyst&nbsp;Barton Crockett saying that &#8220;Trump tariffs could blow up Apple,&#8221; citing the company&#8217;s <a href="https://benzinga.com/analyst-ratings/analyst-color/25/04/44632659/trump-tariffs-could-blow-up-apple-analyst-estimates-39-5-billion-impact">heavy exposure to China</a>.
According to tech analyst Dan Ives of Wedbush Securities, Apple could <a href="https://www.benzinga.com/25/05/45464834/apple-iphone-production-in-us-not-feasible-says-tech-bull-after-donald-trump-tells-tim-cook-to-stay-out-of-india">ramp up iPhone assembly</a> production in India by 60 to 65% by fall, which he refers to as its &#8220;best case scenario,&#8221; while adding that producing in the U.S. is just &#8220;not feasible.&#8221;
Apple CEO Tim Cook recently confirmed during the company&#8217;s first quarter earnings call that &#8220;the majority of iPhones sold in the U.S. will have India as their country of origin.&#8221;
This, too, however, has <a href="https://www.benzinga.com/markets/equities/25/05/45489614/as-apple-faces-pressure-after-trump-told-tim-cook-to-avoid-manufacturing-in-india-expert-warns-iphone-makers-value-added-growth-is-in-danger">taken an uncertain turn</a>, with President Donald Trump telling Cook that he doesn&#8217;t want him building in India. 
Price Action: Apple shares were down 1.17% on Monday, trading at $208.78, and are up 0.06% after hours. The stock is down 14.38% year-to-date.
<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="138" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20013506/Screenshot-2025-05-20-at-11.04.53-AM-1024x138.png" alt="" class="wp-image-920636" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20013506/Screenshot-2025-05-20-at-11.04.53-AM-1024x138.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20013506/Screenshot-2025-05-20-at-11.04.53-AM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20013506/Screenshot-2025-05-20-at-11.04.53-AM-768x103.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20013506/Screenshot-2025-05-20-at-11.04.53-AM-1536x206.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20013506/Screenshot-2025-05-20-at-11.04.53-AM.png 1592w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Apple is ranked in the 76th percentile on quality, but fares poorly on Momentum, Growth, and Value. It also has an unfavorable price trend in the short, medium, and long term. You can <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">check here</a> for deeper insights and metrics on 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"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Apple inadvertently became the largest supporter of &#039;Made in China 2025&#039;, says author Patrick McGee" width="500" height="281" src="https://www.youtube.com/embed/3F65mYgdRx4?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>
Photo Courtesy: Prathmesh T on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/05/45510439/jim-cramer-recommends-bitcoin-as-a-hedge-for-investors-rattled-by-moodys-downgrade-but-says-fear-is-what-must-be-tamed">Jim Cramer Recommends Bitcoin As A Hedge For Investors Rattled By Moody&#8217;s Downgrade But Says, &#8216;Fear Is What Must Be Tamed&#8217;</a></li>
</ul>

Equities

Tech

AAPL

Apple Unwittingly Powered The Rise of Rivals Huawei And Xiaomi, Says 'Apple In China' Author — India Pivot Also Fraught With This Peril

<ul>
<li>Engagement marks a key step in FF's global strategy to drive AI electric mobility innovation through compelling strategic acquisitions.</li>
<li>Global President Jerry Wang to present at the Emerging Growth Conference on Thursday, May 22, expanding FF's investor outreach by actively participating in relevant conferences and events.</li>
</ul>

Faraday Future Intelligent Electric Inc. - Class A Common Stock

FFAI

Reported Earlier, FF China Begins Strategic Push Into AI And AIEV Acquisitions With Support From Leading Financial Advisor

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) are significantly expanding their supercomputing partnership, with both the company&#8217;s CEOs highlighting a &#8220;40x speed-up&#8221; in Azure-powered artificial intelligence infrastructure during Microsoft&#8217;s Build 2025.
What Happened: Microsoft CEO Satya Nadella and Nvidia CEO Jensen Huang revealed that their collaborative AI supercomputing efforts have reached full production with the new Grace Blackwell architecture, representing dramatic performance improvements over previous generations.
&#8220;We are ramping and scaling and building the largest AI supercomputer in the world in Azure,&#8221; Huang said, noting that the companies&#8217; joint innovations across the entire technology stack have yielded &#8220;40x speed-up over Hopper&#8221; in just two years.
The partnership leverages Nvidia&#8217;s new FP4 Tensor Core architecture, liquid cooling technology, and advanced NVLink capabilities that connect Grace and Blackwell processors coherently. These hardware innovations combine with new CUDA algorithms and Microsoft&#8217;s Azure infrastructure to deliver unprecedented AI performance gains.
Huang emphasized the importance of regular hardware upgrades to maximize performance benefits: &#8220;When technology is moving 40 times per generation and it&#8217;s 40 times every two years, you really want to upgrade every year.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/markets/25/05/45510198/scott-bessent-says-us-will-continue-trading-with-china-while-strategically-reshoring-semiconductors-steel-and-pharmaceuticals-to-protect-national-security" target="_blank" rel="noreferrer noopener">Scott Bessent Says US Will ‘Continue Trading With China' While Strategically Reshoring Semiconductors, Steel, and Pharmaceuticals To Protect National Security</a>
Why It Matters: Both executives highlighted how software optimization continues to benefit even older hardware generations. &#8220;Hopper on Hopper has been 40x over the last two years,&#8221; Huang noted, attributing improvements to new techniques like &#8220;in-flight batching and speculative decoding.&#8221;
The alliance extends beyond AI training to accelerating diverse computing workloads. &#8220;Our two teams are working on accelerating data processing by 20x, 50x, transcoding video, image processing, models of all kinds,&#8221; Huang said.
Nadella summarized the partnership&#8217;s goal as delivering more &#8220;tokens per dollar per watt&#8221; to help &#8220;the world flourish&#8221; through advanced computing technologies that neither company could achieve independently.
<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="Conversation with NVIDIA CEO Jensen Huang: Satya Nadella at Microsoft Build 2025" width="500" height="281" src="https://www.youtube.com/embed/pBRXRApBQog?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>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/05/45510197/bitcoin-ethereum-dogecoin-rally-as-senate-advances-key-crypto-bill-analyst-says-btc-could-touch-a-fresh-all-time-high-in-coming-days" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Rally As Senate Advances Key Crypto Bill: Analyst Says BTC Could Touch A Fresh All-Time High In Coming Days</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: jamesonwu1972 / Shutterstock.com

MSFT

NVDA

Jensen Huang, Satya Nadella Tout '40x Speed-Up' In Azure-Powered AI As Microsoft, Nvidia Deepen Supercomputing Alliance

Widely followed cryptocurrency analyst Willy Woo predicted Monday that stablecoin issuing company Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) would become the top holder of U.S. treasuries once Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) hits $1 million a piece.
What Happened: Woo reacted to an X post showcasing Tether's growing demand for U.S. Treasuries, which was surging ahead of many sovereign nations.
&#8220;The crazy thing is when BTC hits $1 million, Tether will likely be the #1 holder of U.S. treasuries,&#8221; Woo projected.
Dollar-pegged coins like USDT act as a bridge between the volatile cryptocurrency market and the traditional financial world. A rising Bitcoin price can signal increased interest in the broader cryptocurrency market, leading to a surge in demand for stablecoins.
<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 crazy thing is when BTC hits $1M, Tether will likely be the #1 holder of US treasuries. <a href="https://t.co/w0akbmYpMC">https://t.co/w0akbmYpMC</a>
&mdash; Willy Woo (@woonomic) <a href="https://twitter.com/woonomic/status/1924365547011248535?ref_src=twsrc%5Etfw">May 19, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Tether backs its $151 billion stablecoin by holding reserves of cash and cash equivalents, more than 80% of which is made up of U.S. treasuries.
Tether&#8217;s exposure to U.S. treasuries approached $120 billion, the firm <a href="https://tether.io/news/tether-approaching-120b-in-u-s-treasuries-confirms-quarterly-operating-profit-over-1b-and-strengthens-global-usdt-demand-in-q1-2025/">said </a>in its first quarter attestation&nbsp;report released earlier this month. This makes the firm a bigger holder of U.S. sovereign debt than Germany and the United Arab Emirates, according to data from the Treasury Department. Last year, Tether ranked as the <a href="https://www.benzinga.com/25/03/44433988/tether-is-now-too-big-to-fail-says-anthony-pompliano-citing-its-growing-role-in-us-treasury-markets">seventh-largest</a> buyer of U.S. Treasury bills.
While the company regularly publishes attestations of its reserves, critics have argued that only a full audit by a major global firm can verify the quality and stability of its backing.
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45510057/senate-crypto-bill-passes-key-vote-genius-act-moves-toward-final-passage" target="_blank" rel="noreferrer noopener">Arthur Hayes Forecasts Bitcoin Will Hit $200,000 In Next Bull Run, Anticipates Revival Of Fortunes For This &#8216;Hated&#8217; Coin</a>
Why It Matters: Woo&#8217;s prediction comes in the wake of the <a href="https://in.benzinga.com/markets/cryptocurrency/25/05/45510057/senate-crypto-bill-passes-key-vote-genius-act-moves-toward-final-passage">advancement of the GENIUS Act</a>, also known as the stablecoin bill, in the Senate. This legislation could potentially impact the role of stablecoins like Tether in the financial ecosystem.
Senator&nbsp;Bill Hagerty&nbsp;(R-Tenn.), the bill sponsor, stated that the legislation would ensure the U.S. dollar&#8217;s dominance and trigger demand for U.S. treasuries in the future.
Photo: DIAMOND VISUALS/Shutterstock
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/cryptocurrency/25/05/45498737/altcoin-rotation-is-coming-expert-says-will-eth-xrp-dogecoin-benefit" target="_blank" rel="noreferrer noopener">Altcoin Rotation Is Coming, Expert Says: Will ETH, XRP, Dogecoin Benefit?</a></li>
</ul>
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>

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

Cryptocurrency

$BTC

$USDT

Bitcoin's Rise To $1 Million Will Make Tether The Largest Holder Of US Treasuries, Says Popular Analyst

Meta Platforms, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Instagram is reportedly testing a new referral program that pays creators for driving traffic and sign-ups, with <a href="https://www.benzinga.com/news/24/04/38085248/instagram-creators-can-now-earn-upto-30k-in-a-month-with-reels-photo-carousels-and-more-as-meta-revi">payouts as high</a> as $20,000.
What Happened: Instagram has launched an invite-only referral program, called "Referrals," aimed at U.S.-based creators, <a href="https://www.businessinsider.com/instagram-paying-creators-hundreds-dollars-drive-traffic-new-sign-ups-2025-5">reported</a> Business Insider on Monday.
The limited-time test rewards eligible creators for getting people to visit Instagram or sign up for a new account through links <a href="https://benzinga.com/25/03/44132618/meta-tiktok-and-snapchat-push-back-against-youtubes-exemption-from-australias-social-media-ban-for-children-under-16">shared off the platform</a>, such as on TikTok, YouTube, a subsidiary of Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Substack, Discord or personal websites.
See Also: <a href="https://www.benzinga.com/tech/25/05/45484235/facebook-vs-orkut-one-became-meta-with-a-1-6-trillion-market-cap-the-other-was-shut-down-by-google-heres-why">Facebook Vs. Orkut: One Became Meta With A $1.6 Trillion Market Cap, The Other Was Shut Down By Google: Here&#8217;s Why</a>
There are two payment tiers:
<ul class="wp-block-list">
<li>Some creators can earn $100 for every new eligible user who signs up via their referral link.</li>
<li>Others can earn $100 for every 1,000 eligible visits to the app generated through their shared links.</li>
</ul>
Payouts are capped at $20,000, and the six-week pilot will run from May through June, the report said. Meta has partnered with a third-party provider, Glimmer, to facilitate payments.
Meta did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
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&#8217;s Important: This isn't Meta's first creator payout strategy. Earlier this year, it offered bonuses between $2,500 and $50,000 to lure TikTok creators to post exclusive content on Instagram.
ByteDance-owned TikTok also introduced a referral program last year that offered users shopping discounts and other financial perks for getting their friends to join the app, the report added (<a href="http://theinformation.com/articles/tiktoks-latest-growth-hack-buying-new-users-with-discounts?shared=bb799cc79cbdf6a9">via</a> The Information).
The initiative also comes as Meta faces scrutiny in a <a href="https://www.benzinga.com/markets/equities/25/05/45462261/meta-asks-judge-to-dismiss-ftc-antitrust-case-mid-trial-says-instagram-whatsapp-deals-didnt-create-monopoly">high-profile antitrust case</a> brought by the Federal Trade Commission.
Price Action: Meta's stock dipped slightly by 0.0030% in after-hours trading, closing at $640.41, based on <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
According to Benzinga Edge Stock Rankings, META displayed a strong price trend across short, medium, and long-term periods. It held a solid momentum ranking in the 87th percentile, while its value ranking was moderately placed in the 76th percentile. Additional metric details <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="444" height="283" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20010719/Screenshot-2025-05-20-at-14.07.00.png" alt="" class="wp-image-920622" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20010719/Screenshot-2025-05-20-at-14.07.00.png 444w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20010719/Screenshot-2025-05-20-at-14.07.00-300x191.png 300w" sizes="(max-width: 444px) 100vw, 444px" /></a></figure>
Photo Courtesy: Poetra.RH on Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/05/45421526/mark-zuckerberg-once-set-up-a-facebook-account-for-brooklyn-nine-nine-star-andy-samberg-then-persona" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Once Set Up A Facebook Account For Brooklyn Nine-Nine Star Andy Samberg, Then Personally Played Tech Support When Things Went A Bit Haywire</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Media

GOOGL

Instagram Is Offering Creators Up To $20,000 To Bring New Users To The Mark Zuckerberg-Led Platform — Here's The Nitty-Gritty

Shares of Chinese electric vehicle battery giant Contemporary Amperex Technology Co. Ltd. (CATL) jumped 12.5% in their Hong Kong trading debut Tuesday after raising $4.6 billion in the world&#8217;s largest listing this year.
What Happened: The Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) supplier opened at HK$296 ($37.83) per share, significantly above its HK$263 ($33.61) subscription price, Reuters reported.
CATL&#8217;s institutional tranche was oversubscribed 15.2 times while retail investors oversubscribed by 151 times, demonstrating strong market confidence despite U.S.-China trade tensions.
&#8220;The Hong Kong stock listing means our wider integration into the global capital market and a new starting point for us to promote the global zero-carbon economy,&#8221; CATL Founder and Chairman Robin Zeng said at the listing ceremony.
See Also: <a href="https://www.benzinga.com/markets/25/05/45510198/scott-bessent-says-us-will-continue-trading-with-china-while-strategically-reshoring-semiconductors-steel-and-pharmaceuticals-to-protect-national-security">Scott Bessent Says US Will &#8216;Continue Trading With China&#8217; While Strategically Reshoring Semiconductors, Steel, and Pharmaceuticals To Protect National Security</a>
Why It Matters: CATL, which commands a 38% global EV battery market share, plans to use the proceeds primarily for constructing a factory in Hungary to supply European automakers, including Bayerische Motoren Werke AG ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>), Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), and Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>).
The company&#8217;s first quarter 2025 net profit rose 32.9% year-on-year to 14 billion yuan ($1.91 billion), its <a href="https://www.benzinga.com/markets/asia/25/02/43613949/tesla-supplier-catl-eyes-5-billion-hong-kong-listing-amid-us-sanctions-market-revival-report">fastest growth pace in nearly two years</a>.
U.S. investors with offshore accounts participated despite CATL&#8217;s January inclusion on a U.S. Defense Department list of companies allegedly working with China&#8217;s military, a designation CATL is contesting as &#8220;false.&#8221;
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/05/45510197/bitcoin-ethereum-dogecoin-rally-as-senate-advances-key-crypto-bill-analyst-says-btc-could-touch-a-fresh-all-time-high-in-coming-days">Bitcoin, Ethereum, Dogecoin Rally As Senate Advances Key Crypto Bill: Analyst Says BTC Could Touch A Fresh All-Time High In Coming Days</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Kittyfly / Shutterstock.com

Global

BMWYY

STLA

TSLA

VWAGY

Tesla Supplier CATL Soars 12.5% In $4.6 Billion Hong Kong IPO

BW LPG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWLP#NYSE">BWLP</a>) reported quarterly earnings of $0.30 per share. This is a 71.96 percent decrease over earnings of $1.07 per share from the same period last year. The company reported $862.07 million in sales this quarter. This is a 16.95 percent decrease over sales of $1.04 billion the same period last year.

Earnings

BWLP

BW LPG Q1 EPS $0.30 Down From $1.07 YoY, Sales $862.07M Down From $1.04B YoY

Jim Cramer says if Moody's U.S. debt downgrade has you nervous, probably just grab some gold or Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) instead, if you must. 
<div aria-setsize="-1" class="c-virtual_list__item" tabindex="-1" role="listitem" id="C06S461L7PZ-1747715386.316349-thread-list-Thread_input" data-qa="virtual-list-item" data-item-key="input" style="box-sizing: inherit; width: 343px; position: absolute; top: 509px;">
<div class="p-threads_footer__input_container p-threads_footer__input_container--sticky_composer" data-qa="reply_container" style="box-sizing: inherit; min-height: 114px; margin: 12px 16px 0px;">
<div style="box-sizing: inherit;"></div>
<div class="p-threads_footer__input p-message_input_unstyled p-message_input_unstyled--attachments-visible p-message_input_unstyled--dark" role="group" aria-label="composer" style="box-sizing: inherit;">
<div class="p-message_input__input_container_unstyled c-wysiwyg_container c-wysiwyg_container--theme_dark c-wysiwyg_container--with_footer c-wysiwyg_container--theme_dark_bordered c-wysiwyg_container--double_decker c-basic_container c-basic_container--size_medium" style="box-sizing: inherit; background-color: rgba(var(--sk_foreground_min_solid,248,248,248),1); border-width: 1px; border-radius: 8px; position: relative; border-color: rgb(86, 88, 86); --max-lines: 16;">
<div class="c-basic_container__body" style="box-sizing: inherit; display: grid; position: relative; grid-template: &quot;context context context&quot; &quot;formatting formatting formatting&quot; &quot;input input input&quot; minmax(0px, 100%) &quot;attachments attachments attachments&quot; &quot;suggested_replies suggested_replies suggested_replies&quot; &quot;ai_feedback_footer ai_feedback_footer ai_feedback_footer&quot; &quot;broadcast_controls broadcast_controls broadcast_controls&quot; &quot;prefix toolbar_buttons suffix&quot; / auto minmax(0px, 1fr) auto;">
<div role="toolbar" aria-orientation="horizontal" aria-label="Formatting" class="c-wysiwyg_container__formatting" data-qa="wysiwyg-container_formatting-enabled" style="box-sizing: inherit; background: rgba(var(--sk_foreground_min_solid,248,248,248),1); cursor: text; border-top-left-radius: 8px; border-top-right-radius: 8px; width: 309px; display: flex; padding: 4px; grid-area: formatting;">
<div class="p-texty_sticky_formatting_bar" style="box-sizing: inherit; flex-grow: 1; position: relative;">
<div style="box-sizing: inherit; overflow: visible; width: 0px;">
<div class="p-composer__body p-composer__body--visible p-composer__body--unstyled" style="box-sizing: inherit; display: flex; width: 0px;"><button class="c-button-unstyled c-icon_button c-icon_button--size_small p-composer__button p-composer__button--composer_ia p-composer__selection_button p-composer__button--sticky p-composer__button--no_pointer_events c-icon_button--default" data-qa="bold-composer-button" role="button" tabindex="0" aria-label="Bold" data-format="bold" aria-disabled="false" aria-pressed="false" delay="500" data-sk="tooltip_parent" type="button" ><svg data-g2s="true" data-qa="bold" aria-hidden="true" viewbox="0 0 20 20" class=""> 
<path fill="currentColor" fill-rule="evenodd" d="M4 2.75A.75.75 0 0 1 4.75 2h6.343a3.91 3.91 0 0 1 3.88 3.449A2 2 0 0 1 15 5.84l.001.067a3.9 3.9 0 0 1-1.551 3.118A4.627 4.627 0 0 1 11.875 18H4.75a.75.75 0 0 1-.75-.75V9.5a.8.8 0 0 1 .032-.218A.8.8 0 0 1 4 9.065zm2.5 5.565h3.593a2.157 2.157 0 1 0 0-4.315H6.5zm4.25 1.935H6.5v5.5h4.25a2.75 2.75 0 1 0 0-5.5" clip-rule="evenodd"></path>
<path fill="currentColor" fill-rule="evenodd" d="M7 2.75A.75.75 0 0 1 7.75 2h7.5a.75.75 0 0 1 0 1.5H12.3l-2.6 13h2.55a.75.75 0 0 1 0 1.5h-7.5a.75.75 0 0 1 0-1.5H7.7l2.6-13H7.75A.75.75 0 0 1 7 2.75" clip-rule="evenodd"></path>
<path fill="currentColor" fill-rule="evenodd" d="M11.721 3.84c-.91-.334-2.028-.36-3.035-.114-1.51.407-2.379 1.861-2.164 3.15C6.718 8.051 7.939 9.5 11.5 9.5l.027.001h5.723a.75.75 0 0 1 0 1.5H2.75a.75.75 0 0 1 0-1.5h3.66c-.76-.649-1.216-1.468-1.368-2.377-.347-2.084 1.033-4.253 3.265-4.848l.007-.002.007-.002c1.252-.307 2.68-.292 3.915.16 1.252.457 2.337 1.381 2.738 2.874a.75.75 0 0 1-1.448.39c-.25-.925-.91-1.528-1.805-1.856m2.968 9.114a.75.75 0 1 0-1.378.59c.273.64.186 1.205-.13 1.674-.333.492-.958.925-1.82 1.137-.989.243-1.991.165-3.029-.124-.93-.26-1.613-.935-1.858-1.845a.75.75 0 0 0-1.448.39c.388 1.441 1.483 2.503 2.903 2.9 1.213.338 2.486.456 3.79.135 1.14-.28 2.12-.889 2.704-1.753.6-.888.743-1.992.266-3.104" clip-rule="evenodd"></path></svg></button></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>

What Happened: The "Mad Money" host framed the metals-and-crypto pairing as the simplest hedge against Washington's ever-swelling tab, <a href="https://www.cnbc.com/2025/05/19/jim-cramer-tells-investors-to-tame-their-market-fears.html">reported</a> CNBC. Cramer reminded viewers that the market also swooned after S&amp;P's 2011 and Fitch's 2023 downgrades, only to recover. "Fear is what must be tamed, if you want to be a good investor," he said Monday.
Reading Friday's <a href="https://www.benzinga.com/25/05/45492889/americas-credit-strength-just-got-cut-again-should-you-panic">late-day notice</a> as a sell signal is "a mistake," he warned. "You are being given an early warning to invest more, not more aggressively, but more of what you can save. That's the real hedge if you're worried about the government's creditworthiness, not the ‘get out now.'"
Cramer added a sharp jab at perennial doomsayers: "The people who write these are either fools who know nothing or incredibly shrewd short sellers who really need to spread fear because of their business model."
See also: <a href="https://www.benzinga.com/markets/25/05/45510198/scott-bessent-says-us-will-continue-trading-with-china-while-strategically-reshoring-semiconductors-steel-and-pharmaceuticals-to-protect-national-security">Scott Bessent Says US Will &#8216;Continue Trading With China&#8217; While Strategically Reshoring Semiconductors, Steel, and Pharmaceuticals To Protect National Security</a>
His suggested hedges have already caught a bid: spot gold <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45501637/stocks-mixed-treasury-bonds-slip-on-moodys-us-downgrade-whats-driving-markets-monday">rose early</a> on Monday, and Bitcoin above $105,000 after a Senate vote advanced a <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45510057/senate-crypto-bill-passes-key-vote-genius-act-moves-toward-final-passage">stablecoin bill</a>.
Why It Matters: U.S. markets mostly shrugged off Moody's cut to America's last triple-A badge. The S&amp;P 500 hovered at Friday's close, the Dow eked out gains for a sixth straight session, and small-caps lagged. Thirty-year Treasury yields spiked above 5% before buyers yanked them back to 4.95%, while the dollar index slipped 0.6% and energy shares led the day's modest losers as crude dipped and natural-gas prices sank 6%.
Beyond the immediate price action, the downgrade rekindled worries that chronic U.S. borrowing could chip away at the dollar's <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45497403/is-the-dollars-global-reserve-role-at-risk-after-moodys-downgrade">reserve-currency crown</a>. Meanwhile, economist Peter Schiff took Treasury Secretary Scott Bessent to task for <a href="https://www.benzinga.com/government/regulations/25/05/45491632/peter-schiff-slams-scott-bessent-for-ignoring-trumps-tax-cuts-in-moodys-downgrade-blaming-biden-instead-its-only-lagging-in-that-moodys-should-have-acted-sooner">pinning the blame</a> solely on former President Joe Biden, insisting that Trump-era tax cuts and bipartisan spending excess paved Moody's path to the axe.
Price Action: At the time of writing, Bitcoin traded 2.12% higher at $105,647.95. Spot Gold was seen 0.52% lower at $3,212.29. June 2025 Gold COMEX Futures were down 0.54% at $3,216.20.
Photo courtesy: katz / Shutterstock.com
Read next: <a href="https://www.benzinga.com/tech/25/05/45510245/elon-musk-was-once-a-microsoft-intern-now-his-company-is-bringing-grok-to-azure-incredibly-important-for-ai-to-be-grounded-in-reality-xai-ceo-tells-satya-nadella">Elon Musk Was Once A Microsoft Intern — Now His Company Is Bringing Grok To Azure: &#8216;Incredibly Important For AI To Be Grounded In Reality,&#8217; xAI CEO Tells Satya Nadella</a>

Commodities

Jim Cramer Recommends Bitcoin As A Hedge For Investors Rattled By Moody's Downgrade But Says, 'Fear Is What Must Be Tamed'

Reported Earlier, People's Bank of China Loan Prime Rate 3.00% Vs. 3.00% Est.; 3.10% Prior

Reported Earlier, China Loan Prime Rate 5Y For May 3.50% Vs. 3.50% Est.; 3.60% Prior

Australia Interest Rate Decision For May 3.85% Vs. 3.85% Est.; 4.10% Prior

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk returned to his Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) roots on Monday, joining CEO Satya Nadella at &#8220;Build 2025&#8221; to <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45505379/whats-going-on-with-microsoft-stock">announce the integration</a> of xAI's Grok into Azure — a full-circle moment for the tech billionaire who once interned at the software giant.
What Happened: Speaking for a brief chat at Microsoft's annual developer conference, Nadella welcomed Musk, recalling his early connection to the company.
"I know you started off as an intern at Microsoft. You were a Windows developer and of course, you're a big PC gamer still," Nadella said.
Musk reflected on those early days, saying, "I had one of the early IBM PCs with MS-DOS… I programmed video games in DOS, and then later in Windows. Remember Windows 3.1?"
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/25/05/45398101/microsoft-to-cut-6000-jobs-in-global-restructuring-joins-meta-and-amazon-in-trimming-workforce-amid-ai-driven-shift" target="_blank" rel="noreferrer noopener">Microsoft To Cut 6,000 Jobs Globally Amid AI-Driven Shift, Says Changes Necessary To ‘Best Position The Company For Success'</a>
The conversation quickly turned to AI, as the two tech leaders introduced Grok&#8217;s integration with Microsoft's Azure cloud platform.
Musk shared insights into Grok 3.5 — xAI's newest model, highlighting its foundation in physics-based reasoning."It&#8217;s incredibly important for an AI model to be grounded in reality… I've not seen anyone break the laws of physics."
Musk also highlighted Grok's real-world applications in Tesla, SpaceX and customer service, where its performance has already shown promise. "You can yell at it, and it's still going to be very nice," he joked.
Nadella added, "Cracking the physics of intelligence is perhaps the real goal for us to be able to use AI at scale."
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.
<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://t.co/jsYuNR7VdH">pic.twitter.com/jsYuNR7VdH</a>
&mdash; Kekius Maximus (@elonmusk) <a href="https://twitter.com/elonmusk/status/1924597562167984242?ref_src=twsrc%5Etfw">May 19, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: Microsoft has become one of the earliest major cloud providers to offer managed access to Grok. Through its Azure AI Foundry platform, Microsoft will make both Grok 3 and Grok 3 Mini available with the same service-level guarantees it provides for its other products.
Customers will also receive billing directly from Microsoft, consistent with how other AI models are offered on the platform.
However, according to The Verge, this unexpected decision may stir controversy due to Microsoft's strong partnership with ChatGPT creator OpenAI. The report also noted that Nadella has <a href="https://www.benzinga.com/media/25/05/45463922/satya-nadella-once-bet-big-on-chatgpt-maker-openai-now-hes-reportedly-embracing-rivals-like-deepseek-and-building-cheaper-ai-models-to-future-proof-microsoft">been advocating within the company</a> to bring Grok onboard, aiming to position Microsoft as the go-to platform for hosting the most widely used AI models.
Interestingly, Musk has previously taken pot shots at the partnership between Microsoft and OpenAI — the AI company he co-founded in 2015 but exited in 2018. He has repeatedly said that Microsoft holds <a href="https://www.benzinga.com/news/24/03/37864558/elon-musk-draws-attention-to-satya-nadellas-words-in-lawsuit-if-openai-disappeared-tomorrow-we-have">too much influence over OpenAI</a>.
In 2023, <a href="https://www.benzinga.com/news/23/05/32439672/satya-nadella-says-elon-musks-claims-about-microsoft-controlling-openai-factually-not-correct">Nadella pushed back on Musk's allegation</a>, saying that Microsoft holds a non-controlling stake and describing the relationship as a strong commercial partnership.
Price Action: On Monday, Microsoft stock rose by 1.01%, closing at $458.87. It saw a slight additional uptick of 0.028% in after-hours trading, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
Benzinga Edge Stock Rankings give Microsoft a growth score of 65.72%. <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 major stocks</a> like Tesla.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19231826/Screenshot-2025-05-20-at-8.48.18%E2%80%AFAM.png" alt="" class="wp-image-920561" /></a></figure>
Shutterstock/Joshua Sukoff
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;
<ul class="wp-block-list">
<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>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Elon Musk Was Once A Microsoft Intern — Now His Company Is Bringing Grok To Azure: 'Incredibly Important For AI To Be Grounded In Reality,' xAI CEO Tells Satya Nadella

Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) announced Monday it has secured exclusive global rights, excluding China, to 3SBio Inc.&#8216;s bispecific antibody SSGJ-707 in a deal potentially worth up to $6 billion.
The agreement includes a $1.25 billion upfront payment to the Chinese biopharmaceutical company, with additional milestone payments of up to $4.8 billion. Pfizer will also make a $100 million equity investment in 3SBio upon closing, expected in the third quarter of 2025.
SSGJ-707, which targets PD-1 and VEGF pathways simultaneously, is currently in clinical trials for non-small cell lung cancer, metastatic colorectal cancer, and gynecological tumors in China. 3SBio plans to initiate Phase 3 trials there in 2025.
The transaction gives Pfizer manufacturing and commercialization rights globally except China, with an option for Chinese market rights. If approved, Pfizer will produce the drug substance in North Carolina and the drug product in Kansas, while paying 3SBio tiered double-digit royalties on sales.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45496095/novavax-scores-key-fda-win-shares-jump-19-as-sanofi-milestone-unlock">Novavax Scores Key FDA Win, Shares Jump 19% As Sanofi Unlocks Milestone Payment</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: ShU studio/Shutterstock

Comments

Atento

Notizie

Ultime notizie per Atento (OTC:ATTOF) Azioni

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO