Columbia Financial (NASDAQ:CLBK) Azioni

Columbia Financial

Columbia Financial Inc is a federally chartered savings bank that serves the financial needs of depositors and the local community as a community-minded, customer service-focused institution. It offers traditional financial services to businesses and consumers. It attracts deposits from the general public and uses those funds to originate a variety of loans, including multifamily and commercial real estate loans, commercial business loans, one-to-four family real estate loans, construction loans, home equity loans and advances, and other consumer loans, and also offers a broad range of insurance products, investment solutions, and wealth management services.

Columbia Financial Inc

Alibaba Group Holding&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Chairman, Joe Tsai, has announced that the tech giant plans to integrate artificial intelligence (AI) into its operations within the next three to five years.
What Happened: Tsai unveiled Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)&#8217;s future AI-driven strategy at AliDay, the company&#8217;s annual event for employees and their families. Tsai stated, &#8220;In the next three to five years, all of our businesses should be driven by AI,&#8221; <a href="https://www.scmp.com/tech/big-tech/article/3309905/ai-will-be-mainstay-alibabas-business-next-3-5-years-chairman-joe-tsai-says">reported</a> the South China Morning Post. Founder Jack Ma was also in attendance at the annual event.
Tsai views AI as a crucial tool to expand Alibaba&#8217;s user base across its e-commerce and other business sectors. During the two-day event, Tsai and Chief People Officer Jane Jiang Fang addressed several questions from the staff, including&nbsp;the impact of the U.S.-China&nbsp;trade war on the company and the country.
 Tsai expressed confidence in China&#8217;s position in the trade war, stating, &#8220;We&nbsp;have the upper hand in&nbsp;the trade war.&#8221; The Chairman explained that a significant portion of China&#8217;s exports to the U.S. includes high-tech products with intricate supply chains, unlike American exports like oil and soybeans, which are easier to replace.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45192498/bitcoins-key-level-is-96500-analyst-warns-but-heres-what-could-trigger-a-breakdown" target="_blank" rel="noreferrer noopener">Bitcoin&#8217;s Key Level Is $96,500, Analyst Warns, But Here&#8217;s What Could Trigger A Breakdown &#8211; Benzinga</a>
Why It Matters: This announcement comes after Alibaba&#8217;s recent launch of Qwen 3, its most advanced artificial intelligence model to date. The system features <a href="https://www.benzinga.com/25/04/45057716/alibabas-qwen-3-launch-takes-aim-at-deepseeks-disruption-and-baidus-ernie-turbo-models">hybrid reasoning </a>capabilities, blending traditional AI tasks with enhanced problem-solving skills. This move towards AI integration aligns with Alibaba&#8217;s ongoing efforts to stay at the forefront of technological innovation.
In February, the company announced a record capital expenditure of 380 billion yuan ($52.4 billion) over three years to boost computing resources and AI infrastructure.
Notably, the Chinese tech giant has begun allowing employees from its six major business groups to communicate through an internal website, aiming to foster synergies across its operations following a major restructuring two years ago.
Price Action:&nbsp;Alibaba ADRs slid 0.37% to close at $125.33 on Friday. On a year-to-date basis, the ADRs climbed 47.53%, according to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
According to Benzinga Edge Stock Rankings, Alibaba has a growth score of 73.51% and a momentum rating of 93.82.&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Click here to see how it compares to other leading</a>&nbsp;tech companies.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/25/05/45337285/marjorie-taylor-greene-frustrated-and-upset-with-team-trump-attempted-assassination-of-scott-bessent-jd-vanc" target="_blank" rel="noreferrer noopener">Marjorie Taylor Greene &#8216;Frustrated And Upset&#8217; With Team Trump, Attempted Assassination Of Scott Bessent, JD Vance Slams Jerome Powell And More: Top Political Updates</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Tech

General

BABA

Alibaba Asserts Chinese Tech Dominance, Vows Major AI Focus In Next 3-5 Years: 'We Have The Upper Hand In The Trade War'

BALL

Ball Corporation Launches €750M Senior Notes Offering Due 2032 For Corporate Financing And Strategic Flexibility

Future Fund LLC's Gary Black believes Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) as well as Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) will benefit from increased EV adoption as well as growth in Autonomous Driving.
What Happened: In a post on the social media platform X, the investor shared his thoughts on why he invested in both companies on Sunday. "We own both $UBER and $TSLA for different reasons,"
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We own both <a href="https://twitter.com/search?q=%24UBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UBER</a> and <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> for different reasons. Our investment thesis on <a href="https://twitter.com/search?q=%24UBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UBER</a> is that as autonomy becomes table stakes for remaining in the automobile business, many auto manufacturers will achieve and be granted deployment licenses for unsupervised autonomy. <a href="https://twitter.com/search?q=%24UBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UBER</a> with…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1921351661903020335?ref_src=twsrc%5Etfw">May 10, 2025</a></blockquote>
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Black said that as autonomous driving gathers steam, more companies would adopt the technology and be granted licenses to operate unsupervised robotaxis in the future. "$UBER with 170M MAUs will by 2026 year-end offer a driverless option that reduces the cost per mile from $2/mile to $1/mile," he said in the post.
"We see $UBER Non-GAAP EPS increasing from $3/share in 2025 to $8/share by 2030.&nbsp; Our UBER PT is $120." Black said.
He then talked about Tesla and how Elon Musk's EV giant could stand to gain from increased EV adoption throughout the globe. "We own $TSLA because as global EV adoption increases from its current 20% to 50% by 2030, TSLA deliveries should increase from 1.7M in 2025 to 5.0M by 2030," he shared.
Black also shared how autonomous driving could help boost sales before setting a $310 price target on Tesla stock. "We expect unsupervised autonomy to sell more Teslas and increase the FSD take rate from its current 15% to 33%." the investor said.
Why It Matters: The investor has been an advocate for autonomous vehicles. He had recently <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">doubled down </a>on Uber's growth as autonomous vehicles are steadily gaining pace in the U.S.
Black has also previously shared that Musk's company <a href="https://www.benzinga.com/news/25/05/45336172/tesla-bull-gary-black-reaffirms-elon-musks-company-best-positioned-to-capitalize-on-evs-and-autonomo">is "best positioned"</a> to&nbsp;
Capitalize on EV growth in the country. "As EV adoption and demand for autonomy increases, $TSLA remains the best positioned to capitalize on these two megatrends," he said.
Elsewhere, <a href="https://www.benzinga.com/25/05/45309828/gary-black-says-lyft-is-worthy-of-increased-investment-following-q1-earnings-call">the investor also hailed </a>Uber rival Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) as the ride-hailing service surprised analysts by beating expectations. The company revealed that it attained a $.01 EPS vs a projected -$.02 loss, at the Q1 earnings call last Thursday.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="191" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12020454/UBER-MAY-12-2025-1024x191.jpg" alt="" class="wp-image-911303" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12020454/UBER-MAY-12-2025-1024x191.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12020454/UBER-MAY-12-2025-300x56.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12020454/UBER-MAY-12-2025-768x143.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12020454/UBER-MAY-12-2025-1536x287.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12020454/UBER-MAY-12-2025.jpg 1651w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
UBER scores well on Momentum and Growth metrics and has a satisfactory score on the value metric. 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&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><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">Uber Could Outpace Elon Musk&#8217;s Tesla In Robotaxi Race, Says TSLA Bull Gary Black</a></li>
</ul>
Photo courtesy: DenPhotos / Shutterstock.com

Equities

Markets

LYFT

TSLA

UBER

Top Bull Gary Black Shares Why He Is Holding On To UBER And TSLA: 'Our investment Thesis On…'

<ul>
<li>Nokia to deploy its high-performance, energy-efficient Habrok Massive MIMO radios and Levante baseband solutions to boost the coverage and capacity of Optus's 5G network.&nbsp;</li>
<li>Partnership advances Optus's goal of providing faster speeds and improving service quality for regional communities and businesses.</li>
</ul>

Nokia Deploys Habrok And Levante Technology To Expand Optus 5G Reach Across Regional Australia With Improved Speed And Sustainability

<ul>
<li>Creates ~$1.5 billion revenue company in fast-growing collagen-based health, nutrition and food sectors</li>
<li>85% owned and consolidated by Darling Ingredients</li>
<li>Non-cash transaction, combining assets, capabilities</li>
<li>Strengthens foundation around serving food and pharma customers</li>
<li>Provides a platform for accelerated product development and growth</li>
<li>Creates an opportunity to unlock significant shareholder value</li>
</ul>

Darling Ingredients (85%) And Tessenderlo Group (15%) To Merge Collagen Units Into $1.5B Global Venture Nextida

<ul>
<li>ABCL575 is a novel, half-life extended anti-OX40L monoclonal antibody that is being developed for the treatment of moderate-to-severe atopic dermatitis (AD)</li>
<li>In preclinical studies, ABCL575 shows potent inhibition of inflammatory pathways, favorable in vivo pharmacokinetics (PK), and potential for less frequent dosing compared to a clinical benchmark</li>
</ul>

ABCL

Reported Friday, AbCellera's ABCL575 Matches Clinical Benchmark And Demonstrates Extended Half-Life In Preclinical AD Studies

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) to report quarterly earnings at 91 cents per share on revenue of $4.18 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Fox shares gained 1% to $47.20 in after-hours trading.</li>
<li>Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) reported first-quarter earnings of 23 cents per share, in-line with market estimates. The company reported $744.07 million in sales during the quarter. Hawaiian Electric shares rose 0.1% to $10.50 in the after-hours trading session.</li>
<li>Analysts are expecting NRG Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) to post quarterly earnings at $1.49 per share on revenue of $7.83 billion. The company will release earnings before the markets open. NRG Energy shares gained 1.4% to $121.03 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>After the closing bell, DaVita Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVA#NYSE">DVA</a>) is projected to post quarterly earnings at $1.95 per share on revenue of $3.21 billion. DaVita shares fell 0.4% to $143.15 in the after-hours trading session.</li>
<li>Analysts expect Southwest Gas Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWX#NYSE">SWX</a>) to report quarterly earnings at $1.50 per share on revenue of $1.50 billion. Southwest Gas shares fell 1.3% to $74.67 in after-hours trading.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45315727/top-3-industrials-stocks-that-may-collapse-in-may">Top 3 Industrials Stocks That May Collapse In May</a> </li>
</ul>
Photo via Shutterstock

Earnings

Trading Ideas

Fox, NRG Energy And 3 Stocks To Watch Heading Into Monday

LGIH

Reported Friday, LGI Homes Launches Northridge Community Near Buffalo, Minnesota, Expanding Affordable Housing Options In Montrose

DSVSF

Reported Friday, Newmont Reduces Stake In Discovery Silver With Sale Of 50.5M Shares Worth  C$124M, Drops Below 10% Ownership Threshold

Over the weekend, billionaire investor Mark Cuban shared a list of unfiled <a href="https://www.benzinga.com/general/education/24/10/41234173/how-mark-cuban-turned-broadcast-com-into-5-7b-sale-we-were-the-youtube-of-our-day">patent ideas from</a> Broadcast.com's early days, indicating they could have changed the course of internet history.
What Happened: Taking to X, formerly Twitter, Cuban shared "Potential Broadcast.com Patent Applications," dated Jan. 4, 1999.
The list includes 13 patent ideas that were considered by Broadcast.com's intellectual property lawyers but never filed.
"Just found the old list of patents our IP lawyers for Broadcast.com were going to file but never got around to under Yahoo," Cuban wrote. "Not saying they all would have been granted, but if you ever need prior art in this area, here you go lol."
See Also: <a href="https://www.benzinga.com/news/25/03/44433124/mark-cuban-breaks-down-the-no-1-red-flag-that-makes-him-want-to-look-for-a-way-out-on-shark-tank-rev">Mark Cuban Breaks Down The No. 1 Red Flag That Makes Him Want To Look For A Way Out On Shark Tank — Reveals Dumbest Pitches He&#8217;s Seen, From Tail Lightz To Original Man Candle</a>
Among the unfiled patents were:
<ul class="wp-block-list">
<li>Geographic IP Identification — a method to pinpoint a device's location by analyzing internet packet routes.</li>
<li>Reverse Auction — where buyers post what they want and sellers compete by offering lower prices.</li>
<li>Streaming Authentication Systems — extending early user authentication methods for audio streams.</li>
<li>Telephony-Based Content Publication — converting voicemail messages into multimedia content online.</li>
</ul>
After someone noted that Broadcast.com now leads to a blank page, Cuban responded by saying, "I tried to buy it back," adding, "Still willing to if anyone there cares!"
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I tried to buy it back. Still willing to if anyone there cares !
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1921610689300344918?ref_src=twsrc%5Etfw">May 11, 2025</a></blockquote>
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Why It's Important: Broadcast.com began as AudioNet in September 1995, founded by Christopher Jaeb. Not long after, entrepreneur Cuban made a significant investment in the company.
The platform was a pioneer in streaming internet sports radio, enabling fans to tune in to live broadcasts of games from outside their local areas.
In 1998, amid the height of the dot-com boom, Cuban and his team took Broadcast.com public. On its debut day, the stock surged by 250%, pushing the company's valuation to around $1 billion and Cuban's personal stake to approximately $300 million.
Just nine months post-IPO, Yahoo! revealed plans to acquire Broadcast.com for <a href="https://www.benzinga.com/general/education/21/04/20446634/this-day-in-market-history-mark-cuban-sells-broadcast-com-to-yahoo">$5.7 billion</a>. Cuban quickly sold off most of the Yahoo! shares he received from the deal, securing billionaire status by age 41.
In hindsight, selling to Yahoo! proved a smart move. When the dot-com bubble collapsed, Yahoo! shuttered Broadcast.com just three years later.
Adding another twist, Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) acquired Yahoo! in 2017 for $4.5 billion, less than what Yahoo! had paid solely for Broadcast.com.
Photo Courtesy: Kathy Hutchins On Shutterstock.com
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/04/44914220/mark-cuban-once-revealed-a-childhood-habit-that-his-automobile-upholsterer-father-was-happy-about-i-dont-understand-what-youre-doing-but-im-glad-youre-doing-it">Mark Cuban Once Revealed A Childhood Habit That His Automobile Upholsterer Father Was Happy About: &#8216;I Don&#8217;t Understand What You&#8217;re Doing, But I&#8217;m Glad You&#8217;re Doing It&#8217;</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.

Mark Cuban Reveals Lost Broadcast.com Patents That Could've Shaped Tech's Future — Still Willing To Buy It Back, 'If Anyone There Cares'

Mastercard's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) top product executive says shoppers are on the brink of abandoning web browsers for AI concierges that both discover and pay for goods.
What Happened: "We're convinced that we are on the eve of a paradigm shift in commerce," Mastercard&#8217;s Chief Product Officer Jorn Lambert told the Fortune Brainstorm Tech <a href="https://fortune.com/2025/05/11/online-shopping-ai-agents-fraud-mastercard-jorn-lambert/">crowd</a> last week.
Lambert said consumers already type "best running shoes" into ChatGPT instead of Google and then ask, "Once you've searched and discovered a product you want to buy, it's only natural that you then ask the AI agent to buy it on your behalf."
To keep that hand-off secure, Mastercard last week rolled out <a href="https://www.benzinga.com/news/large-cap/25/04/45075960/mastercard-bets-on-cross-border-payments-with-300-million-corpay-deal">Agent Pay</a>, an "agentic payments" program that registers trusted bots and wraps every transaction in cryptographic tokens.
The timing is strategic. Federal Trade Commission data show fraud losses tied to online shopping hit roughly $750 million in 2024, part of a record $12.5 billion in consumer swindles.
See also: <a href="https://www.benzinga.com/25/05/45340216/openais-ipo-ambitions-hang-in-the-balance-as-microsoft-negotiates-equity-report">OpenAI&#8217;s IPO Ambitions Hang In The Balance As Microsoft Negotiates Equity: Report</a>
Lambert argues AI agents can out-sniff bogus sellers better than humans by scoring every shipment and credential in milliseconds, potentially flipping commerce's weakest link into its strongest shield.
Now, whether consumers trust a bot with their wallet remains to be seen, but the payments giant is betting that safer, friction-free clicks beat a checkout page every time.
Why It Matters: The Mastercard executive&#8217;s comments arrive on the back of OpenAI&#8217;s <a href="https://www.benzinga.com/25/04/45058959/openai-launches-ad-free-shopping-search-in-chatgpt-heres-how-it-works">recent unveiling</a> of an upgrade to ChatGPT&#8217;s search functionality, enabling users to browse and shop for products directly within the chatbot.
The move comes as OpenAI <a href="https://www.benzinga.com/tech/24/12/42523020/chatgpt-search-goes-free-openai-challenges-googles-unbroken-search-dominance">seeks to challenge</a> 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>) dominance in search by offering a more user-centric alternative to Google&#8217;s ad-driven results.
Microsoft co-founder Bill Gates also envisions a future where AI agents shake up the way users <a href="https://www.benzinga.com/news/23/05/32522731/youll-never-go-to-amazon-bill-gates-predicts-ai-agents-will-replace-search-and-shopping-websites">shop and search online</a>, rendering the likes of Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Google search obsolete.
Photo Courtesy: Atthapon Niyom On Shutterstock.com
Read next: <a href="https://www.benzinga.com/government/regulations/25/05/45340465/bill-ackman-slams-subsidies-for-contributing-to-37-trillion-national-debt-hails-trumps-drug-price-order">Bill Ackman Slams Subsidies For Contributing To $37 Trillion National Debt, Hails Trump&#8217;s Drug Price Order</a>

AMZN

GOOG

GOOGL

Mastercard CFO Says Shoppers Ready To Abandon The Web Browser In Favor Of AI Agents: 'Paradigm Shift' Unfolding

Former Treasury Secretary Larry Summers and economist Peter Schiff have sharply criticized a reported $400 million gift of a Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 747-8 jumbo jet from Qatar&#8217;s royal family to President Donald Trump.
What Happened: Summers questioned on X why universities face scrutiny for accepting Qatari research gifts while the president can receive such a lavish present. &#8220;This feels like banana-republic-level corruption. I hope the IRS [Internal Revenue Service] remembers that payments for services rendered represent taxable income,&#8221; Summers wrote Sunday.
Summers was referring to a federal investigation into whether U.S. universities—including Georgetown, Texas A&amp;M, Cornell, and Rutgers—properly disclosed over $250,000 in gifts or contracts from foreign sources like China, Qatar, Russia, and Saudi Arabia. The probe was <a href="https://www.nytimes.com/2019/08/30/us/politics/universities-foreign-donations.html">reported</a> on by The New York Times
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Air Force One a gift from Qatar that goes personally to POTUS <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> after he leaves! Can someone explain why this is ok but universities are crime committing if they take gifts for science research from Qatar? Can't know till we know all facts but this feels like…
&mdash; Lawrence H. Summers (@LHSummers) <a href="https://twitter.com/LHSummers/status/1921649872471515293?ref_src=twsrc%5Etfw">May 11, 2025</a></blockquote>
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Schiff similarly criticized the arrangement, noting that &#8220;stock brokers can&#8217;t accept gifts worth over $100&#8221; while comparing the situation to monarchical privilege.
The Boeing-manufactured aircraft, described as a &#8220;flying palace,&#8221; will reportedly serve as Air Force One until Trump&#8217;s term ends, after which ownership will transfer to the Trump Presidential Library Foundation by January 2029.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump will get a $400 million Boeing 747-8, described as a flying palace, from the Qatar royal family, to use as Air Force One. After he leaves office ownership of the gift reverts to the Trump Library. Stock brokers can&#39;t accept gifts worth over $100. It&#39;s good to be the king.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1921629840047747094?ref_src=twsrc%5Etfw">May 11, 2025</a></blockquote>
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</figure>
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45339289/bitcoin-taps-105000-ethereum-steady-dogecoin-falls-as-us-announces-china-trade-deal-analyst-says-btc-in-for-a-price-discovery-uptrend-if-it-secures-a-weekly-close-above-this-lev">Bitcoin Taps $105,000, Ethereum Steady, Dogecoin Falls As US Announces China Trade Deal: Analyst Says BTC In For A &#8216;Price Discovery Uptrend&#8217; If It Secures A Weekly Close Above This Level</a>
Why It Matters: White House Press Secretary Karoline Leavitt defended the arrangement, stating the gift &#8220;complies with all applicable laws&#8221; and emphasizing the administration&#8217;s commitment to &#8220;full transparency.&#8221; Qatar&#8217;s media attaché confirmed the transfer is under consideration by <a href="https://www.benzinga.com/25/05/45338985/trump-reportedly-set-to-accept-flying-palace-from-qatar-white-house-says-lavish-gift-of-boeing-jumbo-jet-complies-with-all-applicable-laws">defense authorities in both countries</a>.
Trump defended the transaction on Truth Social, calling it &#8220;a very public and transparent transaction&#8221; that provides a temporary replacement for the aging 40-year-old Air Force One fleet while criticizing Democrats who &#8220;insist we pay, TOP DOLLAR, for the plane.&#8221;
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12022151/Screenshot-2025-05-12-at-11.50.59%E2%80%AFAM-1024x457.png" alt="" class="wp-image-911326" style="width:624px;height:auto" /><figcaption class="wp-element-caption">Source: President Donald Trump&#8217;s Truth Social account. </figcaption></figure>
The controversy emerges amid Boeing&#8217;s ongoing delays in delivering new Air Force One aircraft. Originally scheduled for 2024 delivery, the replacement <a href="https://www.benzinga.com/government/regulations/25/05/45277106/trumps-air-force-one-delayed-until-2027-as-boeing-struggles-with-trade-offs-air-force-official-tells-lawmakers">jets aren&#8217;t expected until 2027</a>. 
Photo courtesy: Rawpixel.com / Shutterstock.com
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/health-care/25/05/45339399/trump-says-prescription-drug-prices-set-to-drop-by-30-to-80-almost-immediately-thanks-to-most-favored-nation-plan-mark-cuban-urges-president-to-force-tran">Trump Says Prescription Drug Prices Set To Drop By 30% To 80% &#8216;Almost Immediately&#8217; Thanks To &#8216;Most Favored Nation&#8217; Plan, Mark Cuban Urges President To &#8216;Force Transparency&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Politics

Economics

Trump's $400 Million Boeing Jet Gift From Qatar Sparks Outcry From Larry Summers, Peter Schiff: 'Banana-Republic-Level Corruption'

Renowned investor Cathie Wood spotlighted an analyst&#8217;s views about the transformative potential of cryptocurrency and artificial intelligence in the financial services sector on Sunday.
What Happened: In an X post, Wood, the CEO of ARK Invest, recommended a podcast episode featuring Nikil Viswanathan, co-founder&nbsp;and CEO of web3 development&nbsp;platform Alchemy. 
In the podcast, Vishwanathan said, &#8220;Crypto&nbsp;is fundamentally the rails that&nbsp;AI is going to run&nbsp;on.&#8221; He explained the underlying gap that existed in how AI agents executing various services transact.
&#8220;AI cannot get a bank account. AI cannot walk into a branch. AI cannot have a cheque book,&#8221; Viswanathan added. He said that while individuals can give agents their own account, banks won&#8217;t allow the agents to use them.
&#8220;Even more than humans, crypto was made for AI,&#8221; he stated.
<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">If you would like to understand from a high level how crypto and AI are going to transform financial services and asset ownership over the next ten years, this podcast is one of the best we have done. Thank you <a href="https://twitter.com/nikil?ref_src=twsrc%5Etfw">@nikil</a> and Alchemy! <a href="https://t.co/cVCL99Wqmv">https://t.co/cVCL99Wqmv</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1921293629768761677?ref_src=twsrc%5Etfw">May 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45335892/decade-old-bitcoin-whale-emerges-transfers-207-51-million-btc-with-nearly-112000-profit" target="_blank" rel="noreferrer noopener">Decade-Old Bitcoin Whale Emerges, Transfers $207.51 Million BTC With Nearly 112,000% Profit</a>
Spiker Helms, an X user, questioned why the agents cannot utilize credit cards for transactions. In response, a blockchain enthusiast using the alias look black talk white argued that an AI agent cannot fill out details such as first name, last name, and date of birth to obtain a credit card.
Why It Matters: Wood&#8217;s bullish stance on cryptocurrency and AI isn&#8217;t new. In a recent interview, <a href="https://www.benzinga.com/25/05/45319531/cathie-wood">she stated that AI</a> would &#8220;disrupt the traditional world order&#8221; and replace search engines like Google.
As for cryptocurrency, she and her firm have consistently maintained a bullish outlook on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), the world&#8217;s leading cryptocurrency. She<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45335755/cathie-wood-stands-firm-on-bold-700000-bitcoin-prediction-for-investors-says-bull-case-in-the-1-5-million-range"> reaffirmed that BTC</a> would hit a minimum of $700,000 in the coming years, a surge of at least 580% from its current value.
Price Action:  At the time of writing, Bitcoin was exchanging hands at $103,963.03 up 0.01% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Photo Courtesy: aslysun on Shutterstock.com 
Read Next: 
<ul class="wp-block-list">
<li><a href="https://benzinga.com/economics/macro-economic-events/25/05/45339503/recession-odds-fall-below-50-on-polymarket-as-crypto-bettors-assess-the-us-china-trade-deal" target="_blank" rel="noreferrer noopener">Recession Odds Fall Below 50% On Polymarket As Crypto Bettors Digest US-China Trade Deal News</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

Cathie Wood Highlights Analyst's Take: 'More Than Humans, Crypto Was Made For AI'

Bhutan, the Himalayan kingdom known for its emphasis on Gross National Happiness, is strategically leveraging its abundant hydropower resources to fuel investments in green energy initiatives and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining, according to Ujjwal Deep Dahal, CEO of Druk Holdings and Investments, the nation&#8217;s sovereign wealth fund.
What Happened: Despite its modest size, with approximately $3 billion in assets under management compared to giants like Norway&#8217;s or Singapore&#8217;s Temasek (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TMSKF#OTC">TMSKF</a>), DHI aims for efficiency and targeted growth, the Fortune <a href="https://fortune.com/asia/2025/05/11/bhutan-sovereign-wealth-fund-bitcoin-green-energy/">reported</a> on Sunday. 
Dahal, in a recent interview, emphasized that &#8220;size does not matter,&#8221; highlighting the fund&#8217;s focus on strategic investments to diversify Bhutan&#8217;s economy and attract foreign capital.
Hydropower forms the cornerstone of Bhutan&#8217;s ambitious plans. With 2.5 gigawatts of current capacity and an additional 3 gigawatts under construction, the country intends to become a hub for green energy technologies, including pump storage and hydrogen power. Dahal believes Bhutan&#8217;s unique position allows for rapid testing and deployment of these technologies, with the potential for global scaling.
See Also: <a href="https://www.benzinga.com/markets/25/05/45339384/dow-futures-rally-over-400-points-as-us-china-come-to-agreement-in-geneva-trade-talks">Dow Futures Rally Over 400 Points As US, China &#8216;Come To Agreement&#8217; In Geneva Trade Talks</a>
Why It Matters: In a notable move, Bhutan has emerged as a <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44856786/bhutan-flexes-hydropower-for-bitcoin-mining-explores-sale-of-green-coins">significant holder of Bitcoin</a>, initiated through mining operations in 2019. Dahal contends that utilizing the nation&#8217;s green hydropower for crypto mining offsets carbon emissions associated with traditional mining methods. 
Dahal views Bitcoin as &#8220;a parallel to digital gold&#8221; and part of a broader strategy for alternative investments. Blockchain analytics platform Arkham estimates Bhutan&#8217;s Bitcoin holdings to be worth over $646 million as of April, <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44856786/bhutan-flexes-hydropower-for-bitcoin-mining-explores-sale-of-green-coins">surpassing even El Salvador&#8217;s reserves</a>.
Bhutan is also developing the Gelephu Mindfulness City, <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42892791/bhutans-special-administrative-region-announces-strategic-reserve-consisting-of-bitcoin-ethereum-bnb-coin-bhutan-is-open-to-other-cryptos-says-changpeng-cz-zhao">a special administrative region designed</a> to be an economic corridor connecting South and Southeast Asia. 
This zone aims to attract businesses in sectors like healthcare, technology, and green energy, fostering innovation and startup culture, according to Dahal. The city will also incorporate a strategic reserve of cryptocurrencies, including Bitcoin, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and Binance Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>), to bolster economic resilience.
Photo Courtesy: Framalicious On Shutterstock.com
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/05/45339289/bitcoin-taps-105000-ethereum-steady-dogecoin-falls-as-us-announces-china-trade-deal-analyst-says-btc-in-for-a-price-discovery-uptrend-if-it-secures-a-weekly-close-above-this-lev">Bitcoin Taps $105,000, Ethereum Steady, Dogecoin Falls As US Announces China Trade Deal: Analyst Says BTC In For A &#8216;Price Discovery Uptrend&#8217; If It Secures A Weekly Close Above This Level</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

$BNB

$ETH

TMSKF

Bitcoin Bet Just One Arrow In Bhutan's Quiver As It Hunts Gross National Happiness: Tiny Kingdom's Sovereign Wealth Fund Not Deterred By Size

<ul>
<li>Late-breaking results from the open-label compensated MASH cirrhosis (F4c) arm of the Phase 3 MAESTRO-NAFLD-1 trial presented at the EASL Congress</li>
<li>65% of patients with clinically significant portal hypertension (CSPH) at baseline moved into lower risk categories by year two</li>
<li>Patients achieved a mean 6.7 kPa reduction in liver stiffness, which was statistically significant compared to baseline</li>
</ul>

MDGL

Reported Saturday, Madrigal's Rezdiffra Shows Significant Two-Year Improvements In Liver Stiffness And Portal Hypertension Risk In MASH Cirrhosis Patients

With thoughtfully designed spaces and guest experiences focused on connection, Crowne Plaza remains a top choice for hybrid travellers in the Middle East

IHG's Crowne Plaza Sets New Standard in Work-Leisure Integration As Wellness And Tech Shape Travel In The Middle East

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

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

GWRE

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

PAAS

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

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

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