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Pakistan&#8217;s finance ministry unveiled plans Sunday to assign 2000 megawatts of electricity&nbsp;to power Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining and&nbsp;artificial intelligence data centers.
What Happened: The move is part of the South Asian nation&#8217;s strategy to harness its excess electricity for mining operations—a way through which new BTC are brought into circulation, as reported by Reuters.
The initiative is being led by the&nbsp;Pakistan Crypto Council, a government-backed regulatory body tasked with promoting blockchains and digital assets within the country. According to the finance ministry, the goal is to leverage surplus electricity to create high-tech job opportunities and attract foreign investment.
Why It Matters: Pakistan&#8217;s energy sector has long struggled with difficulties such as excessive electricity pricing and excess producing capacity, <a href="https://www.dawn.com/news/1899477">according </a>to Dawn, Pakistan&#8217;s largest English newspaper.
Miners help stabilize a power system by turning on their activities <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43119210/bitcoin-miners-helped-texas-avoid-18-billion-energy-costs-report">when there is excess capacity of electricity</a>, and substantially reducing them when there is a need for increased utilization under adverse weather conditions.
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45567337/ripple-eyes-11b-circle-takeover-as-xrp-faces-whale-shorts-and-market-doubts" target="_blank" rel="noreferrer noopener">Ripple Plans $11B Circle Acquisition Amid Whale Shorts and XRP Market Tension</a>
Pakistan has been making concerted efforts to spread its wings in the cryptocurrency space. Last month, it&nbsp;roped in&nbsp;Changpeng Zhao, the co-founder of the world's largest cryptocurrency exchange Binance, as the strategic advisor of the Pakistan Crypto Council.
The body also signed a pact with World Liberty Financial, a cryptocurrency platform <a href="https://www.benzinga.com/25/05/45312897/did-trump-backed-world-liberty-financial-bought-35-million-in-eth-heres-what-on-chain-data-says">backed</a> by President Donald Trump, to &#8220;accelerate&#8221; blockchain innovation in the Asian country.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Founder of Binance, CZ, joins the Pakistan Crypto Council as Strategic Advisor. With <a href="https://twitter.com/Bilalbinsaqib?ref_src=twsrc%5Etfw">@bilalbinsaqib</a> as CEO and the Finance Minister chairing the Council, we are opening Pakistan's next chapter in digital finance. This is just the beginning. &#x1f1f5;&#x1f1f0; <a href="https://t.co/0D0tDqJ4jn">pic.twitter.com/0D0tDqJ4jn</a>
&mdash; Pakistan Crypto Council (@cryptocouncilpk) <a href="https://twitter.com/cryptocouncilpk/status/1911765800165290193?ref_src=twsrc%5Etfw">April 14, 2025</a></blockquote>
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Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $109,336.25, up 1.08% 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: PalSand on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/cryptocurrency/25/03/44450232/white-house-says-gold-reserves-may-be-used-to-purchase-bitcoin" target="_blank" rel="noreferrer noopener">White House Says Gold Reserves May Be Used to Purchase Bitcoin</a></li>
</ul>

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

Cryptocurrency

News

Markets

$BTC

Bitcoin Gets Official Push As This South Asian Nation Assigns 2000 MW Surplus Energy For Mining

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) isn't a company usually associated with national security, but it is in the crosshairs of President Donald Trump, now an expert has given his take on the situation. What Happened: On Friday, Ming-Chi Kuo, an analyst at TF Securities, took to X, formerly Twitter, and outlined three key reasons why <a href="https://www.benzinga.com/markets/25/05/45599817/apple-would-rather-absorb-a-25-iphone-tariff-than-move-production-to-the-us-says-analyst-no-guarantee-they-wont-face-repeated-tariff-threats-during-his-term">Trump persistently targets</a> Apple in public.
First, he noted, Trump knows that pressuring a global brand like Apple guarantees widespread media attention. "Forcing Apple, the world&#8217;s most famous company, and its iconic iPhone to adopt ‘Made in America' policies generates maximum exposure."
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45601063/4-a-month-gene-munster-unpacks-trumps-iphone-tariff-math-says-market-appears-to-be-miscalculating-the-impact">$4 A Month? Gene Munster Unpacks Trump&#8217;s iPhone Tariff Math &#8211; Says &#8216;Market Appears To Be Miscalculating the Impact&#8217;</a>
Second, Apple rarely pushes back publicly, making it a low-risk target. "Apple is reluctant to openly contest Trump's statements or mount significant opposition," Kuo added, stating that it makes it easier for Trump to apply pressure without facing serious backlash.
Finally, Kuo explained that Trump benefits regardless of Apple's response.&nbsp;
"If Apple moves iPhone assembly back to the U.S., Trump can promote it as a major &#8216;Made in America&#8217; achievement and key policy win."
On the other hand, if Apple negotiates a deal to avoid tariffs, Trump still gains leverage — and he can always reignite pressure later, Kuo stated.
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.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Apple is a consumer electronics company whose current products and services have no significant connection to national security, so why is it persistently and publicly targeted by Trump? 1. Pressuring high-profile targets amplifies publicity. Forcing Apple, the world&#39;s most…
&mdash; 郭明錤 (Ming-Chi Kuo) (@mingchikuo) <a href="https://twitter.com/mingchikuo/status/1926246831559716989?ref_src=twsrc%5Etfw">May 24, 2025</a></blockquote>
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Why It's Important: Earlier on Friday, Trump demanded that iPhones sold in the U.S. must be manufactured domestically, or the company <a href="https://www.benzinga.com/25/05/45584696/trump-threatens-tim-cook-to-manufacture-iphones-in-the-us-or-face-at-least-25-tariffs">could face a 25% tariff</a>.
Trump's remarks were a direct response to Apple's expanding footprint in India, where its major supplier, Foxconn, also known as Hon Hai Precision Industry Co. Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNHAF#OTC">HNHAF</a>), is constructing a $1.5 billion <a href="https://www.benzinga.com/news/global/25/05/45582261/despite-trumps-warning-to-tim-cook-apple-moves-ahead-with-1-5-billion-india-expansion-via-foxconn-to-boost-iphone-production-report">display module facility near</a> Chennai, India.
Following this, Kuo said that Apple would likely find it more financially viable to absorb a 25% tariff on U.S. iPhone sales than to relocate its iPhone assembly operations back to the U.S.
Price Action: Apple shares declined 3.02% during Friday's regular session but edged up 0.30% in after-hours trading, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Benzinga Edge Stock Rankings assigned Apple a growth score of 33.12%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares to other leading stocks</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 decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/25222246/Screenshot-2025-05-24-at-10.41.55%E2%80%AFAM-1.png" alt="" class="wp-image-927179" /></a></figure>
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>.
Photo Courtesy: Joey Sussman on Shutterstock.com
Read Next:
<ul class="wp-block-list">
<li><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">As Apple Faces Pressure After Trump Told Tim Cook To Avoid Manufacturing In India, Expert Warns iPhone Maker&#8217;s &#8216;Value-Added Growth Is In Danger&#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.

Tech

AAPL

HNHAF

Trump's Targeting Of Apple Isn't Random — Analyst Says It's A Calculated Move For Maximum Political Gain

Over 42 million Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) tokens were pulled out of circulation Sunday, putting additional deflationary pressure on the popular dog-themed meme coin.
What happened: The burn rate blasted 1866% in the last 24 hours, resulting in a supply squeeze of 42.122 million SHIB tokens, <a href="https://www.shibburn.com/">according </a>to Shibburn, the coin's official burn tracker.
As per the latest available data, over 137 million SHIB were burned in the last week, reflecting an increase of 13.78%.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">HOURLY SHIB UPDATE<a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> Price: $0.00001415 (1hr 0.46% ▲ &#x7C; 24hr -2.08% ▼ ) Market Cap: $8,330,462,667 (-2.14% ▼) Total Supply: 589,251,364,169,654 TOKENS BURNT Past 24Hrs: 19,053,604 (789.34% ▲) Past 7 Days: 137,291,310 (13.78% ▲)
&mdash; Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1926730029284634865?ref_src=twsrc%5Etfw">May 25, 2025</a></blockquote>
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Coin burning involves sending a cryptocurrency to an unusable wallet address to remove it from circulation. This is done to create scarcity and boost its demand and market value over time.
As of this writing, about 410.748 trillion SHIBs have been burned, with the circulating supply at 584.485 trillion.
Interestingly, transactions on Shiba Inu's Layer-2 blockchain, Shibarium—a major contributor to the burn activity—sharply declined over the week, as <a href="https://www.shibariumscan.io/stats">indicated </a>by Shibariumscan.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45556899/from-amazon-to-warren-buffetts-berkshire-hathawaybitcoin-is-now-bigger-than-these-wall-street-titans">From Warren Buffett&#8217;s Berkshire Hathaway To Jeff Bezos&#8217; Amazon — Bitcoin Is Now Outshining These Wall Street Titans</a>
Meanwhile, large SHIB transactions, valued at over $100,000, fell 43% in the last 24 hours, <a href="https://app.intotheblock.com/">according </a>to IntoTheBlock. Daily active addresses declined 21%, suggesting tepid on-chain activity.
On the technical front, the Bull Bear Power indicator, which measures the strength of buyers and sellers, flashed a &#8220;Buy&#8221; signal for SHIB, <a href="https://in.tradingview.com/symbols/SHIBUSD/technicals/">according </a>to TradingView. Conversely, the Moving Average Convergence Divergence indicator, which compares two exponential moving averages of price, flashed "Sell."
Price Action:&nbsp; At the time of writing, SHIB was exchanging hands at $0.00001453, up 2.01% 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>. The coin was rising on Sunday evening following Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45603526/bitcoin-ethereum-rise-dogecoin-dips-after-trump-says-he-will-delay-50-tariffs-on-eu-analyst-sees-good-signs-for-btc-in-the-coming-week">rise on tariff-related developments</a>.
Photo Courtesy: CryptoFX on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45557864/jamie-dimon-is-no-fan-of-bitcoin-but-trumps-crypto-czar-made-an-attempt-to-change-the-jpmorgan-ceos-mind-using-this-narrative">Jamie Dimon Is No Fan Of Bitcoin, But Trump&#8217;s Crypto Czar Made An Attempt To Change the JPMorgan CEO&#8217;s Mind Using This Narrative</a></li>
</ul>

$SHIB

Shiba Inu's Burn Rate Torches 1866%—What's Going On?

Leading cryptocurrencies rose slightly on Sunday after President Donald Trump delayed tariffs on European Union imports by over a month.
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<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+1.18%</td>
<td>$109,221.97</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+0.95%</td>
<td>$2,555.88</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.05%</td>
<td>$0.2253</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin jumped to an intraday high of $109,775.28 overnight, lifting Ethereum and the broader market by a few notches. The second-largest cryptocurrency sailed past $2,550.
The rise comes after Trump agreed <a href="https://www.benzinga.com/25/05/45603240/trump-agrees-to-extend-50-tariffs-on-europe-until-july-9-it-was-my-privilege-to-do-so">to delay the 50% tariffs on European Union imports</a> until July 9 from June 1, following a call with European Commission President Ursula von der Leyen.
Stocks and cryptocurrencies <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45591125/can-trumps-50-eu-tariff-threat-stop-bitcoins-rally">were pulled lower Friday</a> after Trump threatened to impose 50% levies on one of its biggest trading partners. Bitcoin's red-hot rally was halted, and it fell as low as $107,500.
Over $200 million was liquidated from the cryptocurrency market in the last 24 hours, with longs accounting for $114 million.
Ethereum&#8217;s dominance increased to 1.68%, while altcoins&#8217; share of the market dropped below 28%.
Bitcoin&#8217;s Open Interest rose 1.96% in the last 24 hours to $76 billion, following a decline from the highs of $80 billion on tariff developments.
Over 58% of Binance traders with open BTC positions were short on the leading cryptocurrency, suggesting further downsides could be on the way.
The cryptocurrency market retained the &#8220;Greed&#8221; sentiment, as indicated by the Crypto Fear and Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Hyperliquid (HYPE)</td>
<td>+12.36%</td>
<td>$39.09</td>
</tr>
<tr>
<td>Zcash (ZEC)</td>
<td>+11.46%</td>
<td>$54.73</td>
</tr>
<tr>
<td>EOS (EOS)</td>
<td>+4.66%</td>
<td>$0.7677</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.42 trillion, following a modest increase of 0.52% in the last 24 hours.
Stock futures climbed as well. The Dow Jones Industrial Average Futures rose 304 points, or 0.73%, as of 8:40 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 gained 0.86%, while Nasdaq 100 Futures added 1.03%.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Cryptocurrency analyst Cas Abbé noted a bullish pennant formation for Bitcoin. A bullish pennant is a continuation chart pattern, indicating resumption of an uptrend after a pause or consolidation period.
"It bounced back nicely from the support level, which is a good sign," Abbé said. "I think the next week will be good for BTC. I can smell a new ATH again."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> is forming a bullish penant here. It bounced back nicely from support level, which is a good sign. Despite $1B long position closing and low liquidity volume, bears didn&#39;t take BTC down. I think the next week will be good for BTC. I can smell a new ATH again. <a href="https://t.co/4cQhrlINIb">pic.twitter.com/4cQhrlINIb</a>
&mdash; Cas Abbé (@cas_abbe) <a href="https://twitter.com/cas_abbe/status/1926564050697064911?ref_src=twsrc%5Etfw">May 25, 2025</a></blockquote>
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Abbé also commented on ETH&#8217;s prospects, stating that the asset was trying to reclaim the Gaussian Channel.
The Gaussian Channel uses statistical principles to determine the upper and lower limits of an asset&#8217;s price movements.
&#8220;Since 2020, ETH has only reclaimed this channel twice. And both times, ETH pumped hard,&#8221; the analyst said. &#8220;If ETH reclaims this again, I&#8217;m certain of $4,000 ETH by Q3 2025.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> is trying to reclaim the 2W Gaussian Channel. Since 2020, ETH has only reclaimed this channel twice. And both times, ETH pumped hard. In 2020, ETH pumped from $300 to $4,000 In 2024, ETH pumped from $2.4K to $4.1K If ETH reclaims this again, I&#39;m certain of $4K ETH by Q3… <a href="https://t.co/RbanLk2ETc">pic.twitter.com/RbanLk2ETc</a>
&mdash; Cas Abbé (@cas_abbe) <a href="https://twitter.com/cas_abbe/status/1926640505229586738?ref_src=twsrc%5Etfw">May 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: alfernec on Shutterstock.com
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/05/45602729/trump-makes-light-of-assassination-attempt-at-exclusive-memecoin-investor-dinner-that-brings-back-some-not-such-good-memories">Trump Makes Light Of Assassination Attempt At Exclusive Memecoin Investor Dinner: &#8216;That Brings Back Some Not-Such-Good Memories&#8217;</a></li>
</ul>

Movers

Trading Ideas

$DOGE

$ETH

Bitcoin, Ethereum Rise, Dogecoin Dips After Trump Says He Will Delay 50% Tariffs On EU: Analyst Sees 'Good' Signs For BTC In The Coming Week

A mysterious metallic sphere that reportedly fell from the sky near Buga, Colombia, in March has captured global attention, with some speculating it could be of <a href="https://www.benzinga.com/general/space/24/10/41274083/ufos-and-aliens-elon-musk-dismisses-rumors-billionaire-will-immediately-post-on-x-if-he-sees-eviden">extraterrestrial origin</a>. The orb, seen floating erratically before crashing, is now being studied by researchers in Mexico.
What Happened: In a viral video, researcher Jose Luis Velazquez described the object as a multilayered sphere with "no welds or joints," adding that X-rays revealed three distinct layers with different densities—an unusual feature for a typical man-made object, <a href="https://www.foxnews.com/us/scientists-discover-mysterious-sphere-colombia-sparking-ufo-speculation">reported</a> Fox News.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8; BREAKING &#8211; Radiologist Examines UFO Sphere That Crashed in Buga, Colombia<a href="https://twitter.com/hashtag/Ufotwitter?src=hash&amp;ref_src=twsrc%5Etfw">#Ufotwitter</a> <a href="https://t.co/TFeJ8OPmhE">pic.twitter.com/TFeJ8OPmhE</a>
&mdash; T R U T H P O L E (@Truthpolex) <a href="https://twitter.com/Truthpolex/status/1919724949326926027?ref_src=twsrc%5Etfw">May 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
However, not all experts are convinced. Julia Mossbridge, a physicist and founder of the Mossbridge Institute, offered a more grounded explanation.
"It looks to me like a really cool art project," she told the publication, advising against jumping to conclusions too quickly.
See Also:&nbsp;<a href="https://www.benzinga.com/news/25/05/45578275/disney-taps-formula-1s-global-fanbase-to-supercharge-brand-reach-among-young-viewers" target="_blank" rel="noreferrer noopener">Disney Taps Formula 1&#8217;s Global Fanbase To Supercharge Brand Reach Among Young Viewers</a>
Why It's Important: In 2023, a NASA report concluded that most unidentified anomalous phenomena (UAPs), commonly referred to as UFOs, are likely attributable to balloons, aircraft, or sunlight reflections, rather than <a href="https://www.benzinga.com/news/23/09/34599857/nasa-debunks-alien-theories-categorizes-ufos-as-balloons-planes-or-solar-glints">evidence of extraterrestrial life</a>.
However, last year, former Pentagon official Luis Elizondo accused the U.S. government of <a href="https://www.benzinga.com/government/24/08/40481291/ex-pentagon-official-slams-us-government-for-withholding-crucial-ufo-information-in-new-memoir">concealing key information</a> about UFOs. In his book "Imminent," he claimed senior Defense Department officials repeatedly obstructed his team&#8217;s investigations into the phenomena.
In 2024, a Pentagon report also stated that there is no evidence that the U.S. government or private companies have reverse-engineered alien technology or that there are any confirmed sightings of UFOs with alien origin, <a href="https://thehill.com/policy/defense/4519018-pentagon-report-ufos-alien-visits/">reported</a> The Hill.
Photo Courtesy: Raggedstone on Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://benzinga.com/trading-ideas/movers/25/04/45029805/what-caused-sam-altman-founded-world-network-token-to-soar-57-in-a-week" target="_blank" rel="noreferrer noopener">What Caused Sam Altman-Founded World Network Token To Soar 57% in a Week? What Caused Sam Altman-Founded World Network Token To Soar 57% in a Week?</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

General

Colombian 'UFO Sphere' Goes Viral — Experts Split On Whether It's Alien Artifact Or Elaborate Art Project

Editor&#8217;s Note: The headline in this story has been corrected for clarity.
Donald Trump&nbsp;announced on Sunday that he received a call from&nbsp;Ursula von der Leyen, the&nbsp;President of the European Commission,&nbsp;requesting an extension on the&nbsp;impending 50% tariff deadline. The original deadline was set for June 1, but Trump agreed to extend it to July 9, 2025. 
What Happened: Trump stated on Truth Social that the Commission President assured him that negotiations would commence swiftly. Trump expressed his willingness to grant the extension, describing it as his &#8220;privilege to do so.&#8221; The call comes amid heightened tensions over trade between the U.S. and the European Union.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="610" height="275" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/25201509/Screenshot-2025-05-26-at-9.14.52.png" alt="" class="wp-image-927126" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/25201509/Screenshot-2025-05-26-at-9.14.52.png 610w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/25201509/Screenshot-2025-05-26-at-9.14.52-300x135.png 300w" sizes="(max-width: 610px) 100vw, 610px" /></figure>
Photo Courtesy: Shutterstock.com
Von der Leyen said on X that she had a &#8220;good call&#8221; with Trump. &#8220;The EU and US share the world's most consequential and close trade relationship.&#8221; She had requested time until July 9 to reach a &#8220;good deal.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Good call with <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a>. The EU and US share the world's most consequential and close trade relationship. Europe is ready to advance talks swiftly and decisively. To reach a good deal, we would need the time until July 9.
&mdash; Ursula von der Leyen (@vonderleyen) <a href="https://twitter.com/vonderleyen/status/1926729529436913794?ref_src=twsrc%5Etfw">May 25, 2025</a></blockquote>
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Trump&#8217;s decision to extend the deadline follows his previous threat to impose a 50% tariff on all European Union imports, a move that has already caused significant concern in European markets. On Friday, European stocks experienced a broad selloff as fears of a potential trade war loomed. Trump has criticized the EU for what he perceives as unfair trade practices, including &#8220;powerful Trade Barriers&#8221; and &#8220;ridiculous Corporate Penalties.&#8221;
See Also:&nbsp;<a href="https://benzinga.com/markets/equities/25/05/45601008/satellite-imagery-uncovers-serious-damage-to-north-koreas-newest-warship" target="_blank" rel="noreferrer noopener">Satellite Imagery Uncovers Serious Damage To North Korea&#8217;s Newest Warship</a>
Why It Matters: The extension of the tariff deadline is significant as it provides a temporary reprieve for European markets, which have been under pressure due to the looming threat of increased tariffs. The potential 50% tariff on EU imports has raised concerns about a <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45585283/trump-tariff-threat-hits-europe-stocks-sink-as-50-duties-loom">transatlantic trade war</a>, which could have far-reaching implications for global economic growth.
Furthermore, the tariff uncertainty continues to impact the U.S. markets, with the&nbsp;S&amp;P 500&nbsp;facing renewed risks. Trump&#8217;s trade policies have been a source of <a href="https://www.benzinga.com/markets/equities/25/05/45596317/trumps-trade-spat-with-europe-and-apple-revives-tariff-risks-for-s-p-500">volatility for Wall Street</a>, and the extension may offer temporary relief but does not eliminate the underlying risks associated with the ongoing trade spat.
Photo courtesy: Rawpixel.com / Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://benzinga.com/news/25/05/45602729/trump-makes-light-of-assassination-attempt-at-exclusive-memecoin-investor-dinner-that-brings-back-some-not-such-good-memories" target="_blank" rel="noreferrer noopener">Trump Makes Light Of Assassination Attempt At Exclusive Memecoin Investor Dinner: &#8216;That Brings Back Some Not-Such-Good Memories&#8217; &#8211; Benzinga</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

Economics

Trump Agrees To Delay 50% Tariffs On Europe Until July 9: 'It Was My Privilege To Do So' (Corrected)

A college senior&#8217;s frustration over her professor's behind-the-scenes use of artificial intelligence has sparked debate about transparency, fairness, and the changing dynamics of higher education in the age of <a href="https://www.benzinga.com/tech/25/03/44468019/openai-says-its-making-chatgpt-voice-assistant-sound-more-like-a-human-and-it-wont-interrupt-as-much">ChatGPT</a>.
<h2 class="wp-block-heading">Student Files Complaint After Noticing AI Red Flags</h2>
Ella Stapleton, a business major at Northeastern University, noticed something unusual in her professor's lecture materials. The notes included strange errors, a reference to "ChatGPT" in the bibliography, and AI-generated images that appeared distorted — some even showing people with extra limbs.
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That was enough to prompt Stapleton to dig deeper. When she confirmed that her professor had been using <a href="https://www.benzinga.com/tech/25/05/45495742/nvidia-unveils-ai-tools-for-humanoid-robots-launches-next-tech-era">AI tools</a> without informing students, she filed a formal complaint and requested a tuition refund of more than $8,000 — the amount she paid for the course.
"He's telling us not to use it, and then he's using it himself," Stapleton told <a href="https://www.nytimes.com/2025/05/14/technology/chatgpt-college-professors.html">The New York Times</a>, referring to what she viewed as a double standard.
<h2 class="wp-block-heading">Professor Acknowledges Use of AI Tools</h2>
The professor, Rick Arrowood, admitted to using several AI platforms to help develop his lecture materials, including ChatGPT, the AI search engine Perplexity, and presentation generator Gamma. He told the Times that he now realizes he should have taken a closer look at the materials before sharing them with students.
"In hindsight&#8230;I wish I would have looked at it more closely," Arrowood said. He added that professors should be transparent about AI use and thoughtful about how it&#8217;s integrated into teaching. "If my experience can be something people can learn from, then, OK, that's my happy spot."
After a series of meetings, Northeastern University decided not to approve Stapleton's refund request.
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<h2 class="wp-block-heading">University and Student Policies Around AI Use</h2>
In a statement to <a href="https://fortune.com/2025/05/15/chatgpt-openai-northeastern-college-student-tuition-fees-back-catching-professor/">Fortune</a>, Northeastern Vice President for Communications Renata Nyul said the university supports the use of AI to improve teaching, research, and operations. However, the school expects responsible use: "The university provides an abundance of resources to support the appropriate use of AI and continues to update and enforce relevant policies enterprise-wide."
Northeastern's policy requires both students and faculty to provide proper attribution when using AI-generated content in any submitted work. It also emphasizes the importance of checking AI output for accuracy.
The situation highlights a shift in the conversation around <a href="https://www.benzinga.com/general/education/25/04/45005327/trump-pushes-ai-education-in-schools-rolling-back-obama-era-policies-and-cracking-down-on-foreign-funds-ai-seems-to-be-where-its-at">AI in education</a>. Early concerns focused on students using generative AI to shortcut their assignments. Now, it's students who are raising flags about how professors are using the same technology.
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<h2 class="wp-block-heading">Generational Gap in AI Use</h2>
Data from a Tyton Partners <a href="https://tytonpartners.com/time-for-class-2024/">survey</a> shows that students are still leading the charge in AI adoption. About 59% of students reported using generative AI tools regularly, compared to roughly 40% of instructors and administrators.
But the student backlash at Northeastern shows that it's not just about access or usage — it's about trust. Students are beginning to question what they're paying for and whether professors are delivering on the promise of a human-led learning experience.
As colleges continue to explore how AI fits into the classroom, the question may no longer be whether AI should be used, but how transparently and responsibly it should be integrated.
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Image: Shutterstock

Personal Finance

'He's Telling Us Not To Use AI — Then Using It Himself': Student Demands $8,000 Tuition Refund After Discovering Professor's ChatGPT Use

Sometimes, you have to downsize to cut costs. It's pretty common for retirees to reduce their costs to give their nest eggs more mileage. However, cutting costs can also make people comfortable with staying low instead of pushing toward challenges.
That's why a Redditor is concerned that <a href="https://www.reddit.com/r/personalfinance/comments/1kp46to/brother_wants_to_finance_an_rv_to_live_in_because/">her brother wants to finance an RV</a> because rent is too high. The brother is married with kids, and this decision can reduce costs while giving him ownership of an asset. However, the Redditor isn't sure if it's a good idea.
"My gut tells me this is a poverty trap," the Redditor explained.
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Other Redditors jumped into the comments to share their thoughts about financing an RV.
<h2 class="wp-block-heading">RV Living Is Getting More Common</h2>
RV living has been growing since the pandemic due to its affordability and flexibility. The Personal Finance Reddit community suggested getting an RV that's a few years old to save on costs. New RVs are more expensive, and they have higher insurance and maintenance costs as well.&nbsp;
However, the brother will have to buy an RV that is less than 10 years old. Most long-term RV parks will not let you park your RV there if it is more than 10 years old.&nbsp;
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<h2 class="wp-block-heading">You Are The Average Of The Five People You Spend Time With</h2>
Living in an RV may be a poverty trap if the brother doesn't have the goal of owning a house in the future. Having a bigger goal can inspire you to work harder and put yourself in a better community.
While each RV community is different, he may get comfortable with owning an RV and scrape by with that setup. We don't know about the brother's level of ambition or the people he surrounds himself with. However, if he isn't surrounded by ambitious people, he is unlikely to become more ambitious than he currently is.
This mentality can also help the brother when the RV inevitably needs repairs or breaks down. RVs don't last forever, and RV parks can boost their rents at any time. Most RVs can last for 100,000 to 300,000 miles, with a range of 10 to 30 years.&nbsp;
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<h2 class="wp-block-heading">Living In An RV Can Be A Tremendous Move If You Do It Right</h2>
Although RV living has risks, it can be a great idea if you approach it with the right mentality. One Redditor explained in the comments that they know doctors and nurses who have lived in RVs for two to five years to save money. Then, they were able to become debt-free and buy their dream home.
The doctors and nurses in this example could have bought a smaller home instead of living in an RV. However, they now have much larger homes in more desirable locations. Doctors and nurses aren't the only ones to capitalize on the RV living costs.
The original poster mentioned that the brother has that type of plan. RV living as a short-term solution can bolster your finances and set you up for a better lifestyle in the future.
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A Redditor Is Concerned About Their Brother Financing An RV Because Rent Is Too High: 'My Gut Tells Me This Is A Poverty Trap'

A recent <a href="https://x.com/BowTiedBroke/status/1924428452641259679">post on X</a> sparked discussion about the current state of Airbnb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) that featured a detailed list of checkout chores shared by a guest.
&#8220;Here is one more reason why many crappy Airbnb's aren't doing so well this year,&#8221; the post read, alongside a list of checkout instructions that included tasks like starting the dishwasher, stripping sheets, placing towels in specific baskets, reattaching TV remotes with Velcro, and returning split air unit remotes to their holders.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Here is one more reason why many crappy Airbnb's aren't doing so well this year. <a href="https://t.co/lzTM983cQh">pic.twitter.com/lzTM983cQh</a>
&mdash; BowTiedBroke (@BowTiedBroke) <a href="https://twitter.com/BowTiedBroke/status/1924428452641259679?ref_src=twsrc%5Etfw">May 19, 2025</a></blockquote>
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On the other hand, Airbnb's first-quarter revenue <a href="https://www.benzinga.com/general/travel/25/05/45154143/airbnb-narrowly-beats-q1-earnings-revenue-estimates-says-business-model-can-adapt-to-consumer-uncertainty-teases-big-announcement">increased 6% year-over-year</a> to $2.27 billion, beating analyst estimates of $2.26 billion. So it seems that the company as a whole is doing just fine, even though people are complaining about their experiences.&nbsp;
<h2 class="wp-block-heading">The Main Complaint? Do Chores, Pay Fees</h2>
The post received a wide range of reactions, with a recurring theme: guests are tired of being asked to do housework while still paying cleaning fees as high as $350.
&#8220;No one wants to do all this AND pay a $350 cleaning fee. Get real,&#8221; one reply said.
Another user echoed the sentiment: &#8220;Please work for free during your stay AND pay for cleaning fees.&#8221; One comment joked, &#8220;What I really want out of a vacation is going to a hotel but then getting fined $500 for not mowing the grass.&#8221;
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<h2 class="wp-block-heading">Not Everyone Agrees</h2>
Some pushed back, saying the list wasn't that unreasonable. &#8220;This particular list is reasonable and most of it comes with picking up after oneself and respecting a space one does not own,&#8221; one person wrote.
A property manager from the Dominican Republic explained, &#8220;In my opinion, these are reasonable requests from hosts. Cleaning up after some guests is challenging, so we request specific preparations before departure due to quick turnarounds for new guests.&#8221;
But the original poster responded, &#8220;The issue is, most of these in the [U.S.] charge a $350 cleaning fee to the guest on top of having a 20 bullet point list for things the guest needs to do.&#8221;
<h2 class="wp-block-heading">Hotels Are Winning People Back</h2>
Many say they've gone back to staying in hotels. &#8220;Hotels are back in fashion for this exact reason. Are they more expensive? Sure. But you don&#8217;t lift a finger and no additional fees,&#8221; one reply stated.
&#8220;Back to free breakfast, fresh sheets daily, and the AC so cold the coils freeze up,&#8221; another added.
One person summed up the frustration: &#8220;The cold hard truth for Airbnb hosts is if you want hotel rates you gotta provide hotel service.&#8221;
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<h2 class="wp-block-heading">What Works: Less Is More</h2>
Some hosts shared their approach to keeping things simple. &#8220;We only tell guests to put used towels on the bathroom floor. That's it,&#8221; one said.
Another added, &#8220;I don't charge a cleaning fee and I ask guests to leave towels on the floor and that's it. Rarely does the place get left messy. I treat people like adults. The laundry list of chores is such a turnoff.&#8221;
Another person suggested a better system: &#8220;These instructions should be mandatory transparent before booking. No additional instructions with to-do lists allowed after booking.&#8221;
<h2 class="wp-block-heading">Still Useful, But for Specific Cases</h2>
Plenty of replies agreed Airbnb still makes sense—but only in certain scenarios. &#8220;Airbnbs are cool for something that is 1+ month or 1+ week with a big group,&#8221; one person said. Another listed three use cases: big groups, unique stays, or rural areas with no hotels.
But for regular travelers, the math no longer adds up. As one commenter put it, &#8220;What makes these requests far from reasonable are the non-negotiable $350 cleaning charges tacked onto your bill.&#8221;
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ABNB

Someone Shared An Airbnb Checkout Chore List Saying, 'One More Reason Why Many Crappy Airbnb's Aren't Doing So Well This Year'

In a powerful demonstration of their growing market influence, retail traders stepped in aggressively on Monday following Moody&#8217;s credit downgrade late Friday afternoon, reversing what could have been a significant market decline.
<h2 class="wp-block-heading">Record-Breaking Retail Activity</h2>
Individual investors purchased a net <a href="https://x.com/Barchart/status/1924616777608073323">$4.1 billion in US stocks</a> by 12:30 pm ET, setting a new record for that time of day. This surge in buying came after the S&amp;P 500 fell nearly 1% on the Moody&#8217;s news. By afternoon, the index had completely recovered, trading roughly flat—a testament to retail traders&#8217; impact as they comprised 36% of total trading volume.
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The buying was concentrated in retail favorites, with Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Palantir (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) recording inflows of $675 million and $439 million respectively.
<h2 class="wp-block-heading">The &#8220;Never Again&#8221; Mentality</h2>
&#8220;There is almost an unwavering commitment from retail to never make that mistake again,&#8221; <a href="https://x.com/TicTocTick/status/1924613503182373201">noted</a> Frank Monkam of Buffalo Bayou Commodities, referring to lessons learned from previous market downturns when selling during dips meant missing substantial recoveries.
<h2 class="wp-block-heading">Shifting Market Dynamics</h2>
This event highlights several important trends:
<h2 class="wp-block-heading">Retail Resilience</h2>
Individual investors are demonstrating remarkable commitment to equities, having learned that temporary downturns often represent buying opportunities.
<h2 class="wp-block-heading">&#8220;Buy the Dip&#8221; in Action</h2>
The swift response to the market decline shows retail investors executing the &#8220;buy the dip&#8221; strategy with increasing confidence.
<h2 class="wp-block-heading">Retail vs. Institutional Divergence</h2>
While retail traders jumped into the market enthusiastically, institutional investors—traditionally considered &#8220;smart money&#8221;—largely remained on the sidelines, representing a potential shift in market dynamics.
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<h2 class="wp-block-heading">Market Implications</h2>
The immediate impact was clear in the market&#8217;s quick recovery, but longer-term implications could be significant:
Stocks may experience heightened volatility as retail buying momentum counteracts negative news-driven selling. If economic indicators remain positive, with improvements in corporate and consumer balance sheets and falling inflation, institutional investors may return to the market, potentially fueling a stronger bull run.
Most importantly, this event provides further evidence that retail participation is increasingly important in defining market resilience and recovery patterns.
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<h2 class="wp-block-heading">What This Means for You</h2>
As an individual investor, consider:
<ol class="wp-block-list">
<li>Market reactions create opportunities: Major news events can trigger institutional selling that creates temporary buying opportunities.</li>
<li>Collective retail power matters: The combined actions of retail investors can now meaningfully impact market direction.</li>
<li>Strategic patience pays off: Viewing market dips as potential buying opportunities rather than reasons to panic may benefit long-term returns.</li>
<li>Risk management remains essential: While &#8220;buying the dip&#8221; worked in this instance, maintain appropriate diversification and risk management for your personal financial situation.</li>
</ol>
As retail participation continues to reshape market dynamics, stay attentive to both the opportunities and risks in this evolving landscape.
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PLTR

TSLA

Record $4.1 Billion Retail Buying Spree: What This Market Recovery Means For Your Portfolio

A history of beating the S&amp;P 500 has turned Warren Buffett into one of the greatest investors of all time and helped boost the strong returns for conglomerate Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) <a href="https://www.benzinga.com/general/education/25/01/42832123/warren-buffett-beats-sp-500-in-2024-how-oracle-of-omahas-returns-compare-over-past-20-years">over the years.</a>
With the announcement that Buffett will <a href="https://www.benzinga.com/25/05/45184410/warren-buffett-to-step-down-as-berkshire-hathaway-ceo-by-end-of-year-asks-board-to-confirm-greg-abel-as-successor">be stepping down</a> as CEO of Berkshire Hathaway at the end of 2025, here's a look at three of the "Oracle of Omaha's" investment principles.
Own Stocks for Long Term: One Warren Buffett investing principle is to buy and hold stocks.
Buffett&nbsp;<a href="https://www.benzinga.com/general/education/24/08/40652464/warren-buffett-celebrates-94th-birthday-with-1-trillion-market-cap-milestone-a-look-back-at-hig">bought&nbsp;his first stock </a>at the age of 11 at $38 a share. Buffett sold the stock at $40 for a gain on his purchase.
The share would climb to over $200 later, and he cites&nbsp;that as when he learned a lesson on patience in investing.
"If you aren't thinking about owning a stock for 10 years, don't even think about owning it for 10 minutes."
Buffett bought shares of&nbsp;Coca-Cola&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), one of his largest holdings, back in 1988.
"Our favorite holding period is forever," he has said.
Read Also: <a href="https://www.benzinga.com/25/04/44928468/warren-buffett-believer-in-american-companies-critical-of-tariffs-the-tooth-fairy-doesnt-pay-em">Warren Buffett, Believer In American Companies, Is Critical Of Tariffs: &#8216;The Tooth Fairy Doesn&#8217;t Pay &#8216;Em&#8217;</a>
Buy What You Know:&nbsp;Buffett&nbsp;<a href="https://www.benzinga.com/top-stories/20/08/17294671/a-look-at-berkshire-hathaways-top-9-holdings-on-warren-buffetts-90th-birthday" target="_blank" rel="noreferrer noopener">invested</a>&nbsp;in Coca-Cola as a fan and consumer of the product.
When Buffett&nbsp;<a href="https://www.cnbc.com/2017/09/28/warren-buffett-describes-a-moment-when-he-was-20-that-changed-his-life.html" target="_blank" rel="noreferrer noopener">became a student</a>&nbsp;of renowned investor Benjamin Graham, he wanted to learn more about a company called GEICO that Graham was chairman of.
Buffett took a train ride to GEICO headquarters and was let in by a janitor. Buffett had a meeting with Lorimer Davison, the only person working that day.
Davison, who would become the CEO of GEICO, answered Buffett&#8217;s questions and gave him the knowledge needed to later invest in the insurance company.
Buy Stocks at Reasonable Prices:&nbsp;Buffett&nbsp;<a href="https://www.gurufocus.com/news/250105/warren-buffetts-simple-formula-for-picking-stocks" target="_blank" rel="noreferrer noopener">believes</a>&nbsp;in investing in companies that have reasonable valuations and are profitable.
Buffett&#8217;s&nbsp;principles say to invest in companies that have easily understood business models,&nbsp;predictable and proven earnings, and an economic moat:&nbsp;"Never invest in a business you cannot understand."
In 2016, <a href="https://www.benzinga.com/general/education/25/05/45208955/warren-buffetts-giant-berkshire-portfolio-top-10-includes-banks-oil-and-apple">Buffett invested in</a>&nbsp;Apple Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;after years of shying away from the technology sector.
Buffett believed Apple&#8217;s business was the best in the world and the valuation was right to start a position. Apple is now the largest stock holding by value in the Berkshire Hathaway portfolio.
While Buffett's investing principle is to buy and hold stocks forever, he is willing to sell them if valuations are not in line with what he sees going forward.
Buffett bought airline stocks, an industry he avoided for years as unprofitable, and then sold them in early 2020 during the pandemic. Buffett believed it would take years for the airline industry to recover and that there could be an oversupply of planes.
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This article was previously published by Benzinga and has been updated.
Image created using artificial intelligence via Midjourney.

Education

Management

Warren Buffett Investment Success: 3 Simple Rules To Copy Oracle Of Omaha

On Thursday at a private dinner for investors in the $TRUMP memecoin, President Donald Trump joked about the attempt on his life. The event, which took place at Trump&#8217;s Virginia golf club, has been the subject of criticism from both political sides.
What Happened: During the event, Trump made light of the July 2024&nbsp;attempt on his life in&nbsp;Butler, Pennsylvania, after a balloon popped in the audience. The crowd responded with laughter and chants reminiscent of the incident.
The dinner was closed to the public and press, and took place amidst critique of the crypto-venture, which many view as a blatant scheme for Trump&#8217;s enrichment. The footage of the event was obtained <a href="https://www.mediaite.com/media/news/leaked-video-trump-does-shock-assassination-joke-at-crypto-memecoin-gala/">by</a> Mediaite.
"My ear!" Trump quipped in reference to the shot that grazed him during his rally. "That was amazing, very strange noise. That brings back some not-such-good memories."
White House Press Secretary&nbsp;Karoline Leavitt&nbsp;defended the event, stating that Trump was attending during his &#8220;personal time&#8221; and not&nbsp;in his capacity as head&nbsp;of state. 
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However, attendees reported dissatisfaction with the service and Trump&#8217;s lack of engagement with the majority of guests, who paid&nbsp;an average of $1.7 million&nbsp;per seat.
Trump&#8217;s joke about the assassination attempt was not the only one he made during the evening, as he also made light&nbsp;of former President Joe Biden.
Why It Matters: The event has raised eyebrows due to its secretive nature and the high cost of attendance. 
Critics argue that the $TRUMP memecoin venture is a clear attempt by the former president to enrich himself, while supporters see it as a legitimate investment opportunity. 
The fact that Trump chose to joke about a serious event such as an assassination attempt has also drawn criticism, further fueling the controversy surrounding the dinner.
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Trump Makes Light Of Assassination Attempt At Exclusive Memecoin Investor Dinner: 'That Brings Back Some Not-Such-Good Memories'

The tech industry could witness a shift in power as OpenAI, under the leadership of CEO Sam Altman, acquires Jony Ive&#8217;s startup, io, for a staggering $6.5 billion. Ive, a key player in Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) design history, will now be directing design at OpenAI.
Bloomberg's&nbsp;Mark Gurman,&nbsp;in his&nbsp;<a href="https://www.bloomberg.com/news/newsletters/2025-05-25/how-jony-ive-openai-deal-will-impact-apple-new-details-on-apple-s-ios-redesign-mb3lwu45?srnd=undefined&amp;sref=TBDibEcD">latest</a>&nbsp;weekly "Power On" shared that Apple&#8217;s stronghold in the tech industry is being challenged. 
The tech giant, which has been grappling to make significant progress in artificial intelligence, is seeing an exodus of talent, including high-ranking executives and engineers. This comes at a time when competitors like Google and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) are making strides in generative AI.
Jony Ive, Apple&#8217;s former designer who played a pivotal role in the design of the&nbsp;iPhone and other iconic products, has now joined the ranks of a competitor. OpenAI has acquired Ive&#8217;s io startup for a whopping $6.5 billion. Ive will now be in charge of design at OpenAI, which includes the development of new hardware devices.
While Apple&#8217;s annual Worldwide Developers Conference on June 9 will showcase redesigned versions of Apple&#8217;s operating systems, no major AI breakthroughs are anticipated. The OpenAI deal is a wake-up call for Apple, which seems to be stuck in a legacy world.
Also Read: <a href="https://www.benzinga.com/tech/25/05/45338324/apples-2027-vision-foldable-iphones-smart-glasses-and-ai-innovations">Apple&#8217;s 2027 Vision: Foldable iPhones, Smart Glasses, And AI Innovations</a>
Despite these hurdles, Apple&#8217;s iOS ecosystem continues to be the most cohesive in the tech world. However, the tech landscape is evolving, and AI is fast becoming as fundamental&nbsp;as the multitouch display was&nbsp;two decades ago. Apple&#8217;s past triumphs don&#8217;t assure its future, and the company is evidently struggling to adapt.
Apple is developing&nbsp;smart glasses for next year,&nbsp;but this device will be an add-on&nbsp;to the iPhone, not a&nbsp;substitute. 
The pressure is mounting for Apple to pioneer the next computing era, which entails revitalizing&nbsp;the Apple Intelligence platform, launching&nbsp;innovative new hardware, and creating the next iPhone before its competitors.
The acquisition of Ive&#8217;s startup by OpenAI signals a significant shift in the tech industry. With Apple&#8217;s key talent moving to competitors and the company&#8217;s struggle to make substantial progress in AI, its dominance is under threat. 
The tech landscape is evolving rapidly, and companies that fail to adapt risk being left behind. This development underscores the importance of AI in shaping the future of the tech industry.
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MSFT

OpenAI's Acquisition Of Jony Ive's Startup Poses Threat To Apple's Dominance

Abu Dhabi-based tech firm Group 42 <a href="https://www.g42.ai/resources/news/g42-and-igenius-join-forces-deploy-europes-largest-ai-compute-cluster">said</a> Tuesday that it is partnering with Italian artificial intelligence startup <a href="https://www.benzinga.com/25/04/44936972/vertiv-nvidia-igenius-launch-ai-supercomputer-project-in-italy">iGenius</a> to build what it calls Europe's "largest" <a href="https://www.benzinga.com/news/22/11/29750995/nvidia-microsoft-team-up-to-build-landmark-cloud-ai-computer">AI computer</a> deployment.
The $1 billion project, called Colosseum, will be developed over five years using Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) technology, and is expected to transform Italy into a key hub for AI innovation,&nbsp; <a href="https://www.reuters.com/world/middle-east/italy-uae-announce-deal-artificial-intelligence-hub-2025-05-16/">Reuters</a> reports.
The agreement is part of a broader $40 billion investment commitment from the United Arab Emirates to Italy,<a href="https://www.governo.it/sites/governo.it/files/UAE-ITA-Joint-Statement-20250224_0.pdf"> announced</a> during a bilateral summit in February in Rome. Prime Minister Giorgia Meloni called the partnership a "key milestone" in reshaping Italy's economic and technological future.
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<h2 class="wp-block-heading">A Billion-Dollar Colosseum Of Code in Italy</h2>
Colosseum, the name of the new data center, will be housed in southern Italy and aims to establish the region as a powerhouse for AI development. G42, backed by Abu Dhabi's sovereign wealth fund Mubadala and U.S. private equity giant Silver Lake, will lead financing for the initial buildout, Reuters reports.
According to Reuters, Italian Industry Minister Adolfo Urso highlighted the project during Investopia's conference in Milan on May 16, pointing to &#8220;strong chances&#8221; that the facility will be located in the Apulia region.&nbsp;
The supercomputer will rely on advanced Nvidia systems, which have become the gold standard for training large-scale language models and generative AI technologies, according to <a href="https://www.bigdatawire.com/2024/12/11/nvidia-touts-lower-time-to-first-train-with-dgx-cloud-on-aws/">BigDataWire</a>. Specifically, Colosseum will deploy approximately 80 of Nvidia&#8217;s GB200 NVL72 servers, each equipped with 72 Blackwell chips,<a href="https://www.reuters.com/technology/artificial-intelligence/italian-startup-igenius-nvidia-build-major-ai-system-2024-12-05/"> Reuters</a> says. With this infrastructure, Colosseum is expected to support everything from scientific research and healthcare applications to smart city planning and real-time industrial optimization.
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<h2 class="wp-block-heading">A Strategic Pivot Toward AI Dominance</h2>
The AI initiative is one of over 40 new deals signed between the UAE and Italy as part of a comprehensive strategic partnership. The broader package includes collaborations in energy, defense, telecommunications, and cybersecurity, <a href="https://www.reuters.com/world/europe/uae-plan-40-billion-investments-italy-pm-meloni-says-2025-02-24/">Reuters</a> reports.
Eni (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/E#NYSE">E</a>), Italy's energy giant, signed parallel agreements with G42 and other UAE firms to power data centers using natural gas plants equipped with carbon capture technology. Meanwhile, Italian defense manufacturer Leonardo signed a follow-up deal with the UAE's EDGE Group focused on joint production and technology transfer, according to Reuters.
Meloni emphasized that this realignment reflects Italy's focus on strategic sectors. Reuters says the prime minister called the UAE's financial commitment a &#8220;historic&#8221; opportunity to drive growth and reshape Italy's international role.
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&#8220;It is a historic day, another milestone in our relationship. The choice we made was to focus this partnership on strategic axes, such as artificial intelligence, data centers, space research, renewable energy, and rare earths,&#8221; Meloni said during the Italy-United Arab Emirates Business Forum, according to Reuters.
<h2 class="wp-block-heading">Nvidia, Mubadala, And Silver Lake Signal Serious Stakes</h2>
Support from Nvidia, Mubadala, and Silver Lake underscores the scale and strategic weight behind the Colosseum project. According to Reuters, Charlie Boyle, vice president and general manager of DGX systems at Nvidia, said Colosseum will be one of the largest deployments of Nvidia&#8217;s flagship servers globally.
G42's links to Abu Dhabi's royal family and its growing role in the AI ecosystem reinforce the significance of the partnership, Reuters says. As Italy works to establish itself as a leading force in European AI, the Colosseum project could become a key asset in that strategic push.
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NVDA

Abu Dhabi–Backed G42 And iGenius Team Up To Build Europe's Most Powerful AI Supercomputer Using Nvidia Chips In Italy

The world was undeniably once in love with Harry Potter. <a href="https://www.benzinga.com/tech/25/05/45428241/elon-musks-grok-ai-got-asked-how-many-times-has-hbo-changed-its-name-leaves-user-stunned-with-racially-charged-response">HBO</a> hopes that it still is, despite its author&#8217;s contentious opinions.
The books have sold 230 million copies in the U.S. and 600 million worldwide, making it the bestselling book series of all time, according to U.S. publisher<a href="https://www.scholastic.com/newsroom/all-news/press-release/scholastic-marks-25-year-anniversary-of-the-publication-of-j-k--.html"> Scholastic</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>).<a href="https://www.the-numbers.com/movies/franchises"> The Numbers</a> show the film franchise having grossed over $9.5 billion.
Now, however, the Potter brand has become a lightning rod for debate due to its author, J.K. Rowling&#8216;s<a href="https://www.theguardian.com/books/2025/apr/18/jk-rowling-harry-potter-gender-critical-campaigner"> divisive views</a> on transgender women. As HBO casts for the new <a href="https://www.benzinga.com/general/entertainment/24/12/42257593/harry-potters-ron-weasley-cursed-with-2-3m-tax-bill-after-losing-lawsuit">Harry Potter</a> series, executives have been forced to defend their decision to promote Rowling&#8217;s most famous creation further.
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<h2 class="wp-block-heading">HBO Has Been In Business With Rowling For 25 Years</h2>
&#8220;The decision to be in business with J.K. Rowling is not new for us. We&#8217;ve been in business for 25 years,&#8221; HBO&#8217;s chief content officer, Casey Bloys, said recently on<a href="https://puck.news/podcasts/the-town/"> &#8220;The Town&#8221; podcast</a>. According to<a href="https://variety.com/2025/film/news/john-lithgow-jk-rowling-backlash-hbo-harry-potter-series-1236379724/"> Variety</a>, HBO and the new cast members have already faced criticism for being involved with Rowling.
On the podcast, Bloys was asked if he feared Rowling&#8217;s trans views could affect the show&#8217;s success. &#8220;We already have a show on HBO from her called ‘C.B. Strike' that we do with the BBC,&#8221; he responded, &#8220;It&#8217;s pretty clear that those are her personal, political views. She&#8217;s entitled to them. ‘Harry Potter' is not secretly being infused with anything. And if you want to debate her, you can go on Twitter.&#8221;
<h2 class="wp-block-heading">Rowling Actively Involved In the Harry Potter Reboot</h2>
Rowling&#8217;s role in the new reboot is far from passive. Last year, Bloys<a href="https://variety.com/2024/tv/news/harry-potter-hbo-series-jk-rowling-transphobia-1236215642/"> told reporters</a> that Rowling was &#8220;very, very involved in the process of selecting&#8221; showrunner Francesca Gardiner and director Mark Mylod for the new series.
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&#8220;We are proud to once again tell the story of Harry Potter — the heartwarming books that speak to the power of friendship, resolve and acceptance,&#8221; an<a href="https://variety.com/2024/tv/news/harry-potter-hbo-series-jk-rowling-transphobia-1236215642/"> HBO statement</a> said. &#8220;J.K. Rowling has a right to express her personal views. We will remain focused on the development of the new series, which will only benefit from her involvement.&#8221;
<h2 class="wp-block-heading">Heavy Investment</h2>
HBO is investing heavily in the new series, which it expects to enjoy the same success as its other top-rated shows. &#8220;You know we make shows at this scale with ‘House of the Dragon,' ‘Game of Thrones,'" Bloys told<a href="https://deadline.com/2025/03/harry-potter-tv-series-max-release-date-cast-1235323284/"> Deadline</a> in March. &#8220;I imagine it will be that scale or higher. The shorter answer is whatever it takes to make a quality show.&#8221;
Deadline reported that &#8220;House of the Dragon&#8221; cost nearly<a href="https://deadline.com/2022/08/house-of-the-dragon-hbo-biggest-marketing-campaign-1235096571/"> $200 million with an additional $100 million</a> spent on a marketing campaign for its debut season — the most ever in HBO&#8217;s history.
HBO is clearly hoping for a big return on their investment with Harry Potter. &#8220;We&#8217;ve not been shy about our excitement around Harry Potter,&#8221; David Zaslav, CEO of HBO parent Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>), told said on the company&#8217;s<a href="https://ir.wbd.com/news-and-events/events-and-presentations/event-details/2025/Warner-Bros-Discovery-Fourth-Quarter-2024-Earnings-Call/default.aspx"> Q4</a> <a href="https://www.rev.com/transcripts/warner-bros-discovery-q4-2023-earnings-conference-call-transcript">earnings call</a> in 2023. &#8220;I was in London a few weeks ago with Casey [Bloys] and Channing [Dungey, chair of Warner Bros Television] and we spent some real time with J.K. and her team,&#8221; he said. &#8220;Both sides are just thrilled to be reigniting this franchise. Our conversations were great.&#8221;
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<h2 class="wp-block-heading">Continued Public Appetite For All Things Potter</h2>
The success of the &#8220;Harry Potter and The Cursed Child&#8221; stage production saw Rowling&#8217;s production company earn $10.5 million in 2023, according to Deadline. <a href="https://www.forbes.com/sites/carolinereid/2024/12/30/harry-potter-enchants-theatergoers-as-london-stage-show-sells-more-than-3-million-tickets/">Forbes</a> reported that the London stage show has sold over 3 million tickets, and the Broadway and Chicago shows has grossed over <a href="https://dctheaterarts.org/2023/01/02/broadway-productions-of-harry-potter-and-the-cursed-child-and-chicago-set-new-records/#:~:text=In%20March%20of%202020%2C%20the%20highly%20acclaimed,over%20$250%20million%20since%20opening%20in%202018.&amp;text=It%20also%20set%20a%20new%20single%20performance,of%20Wednesday%2C%20December%2028%2C%202022%2C%20at%20$159%2C106.20.">$250 million</a> to date, showing the continued appetite for Potter-related entertainment.
According to the<a href="https://www.thetimes.com/sunday-times-rich-list/profile/article/jk-rowling-net-worth-sunday-times-rich-list-695xd7kzn"> Times of London&#8217;s</a> &#8220;Rich List&#8221;, Rowling is a billionaire and would be wealthier had she not given away £200 million ($267 million) of her fortune in philanthropy.&nbsp;
Bloys told Deadline he expects the HBO series to arrive in late 2026 or early 2027.
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SCHL

HBO Execs Defend Their Association With J.K. Rowling As New Harry Potter Series Starts Casting. There's A Lot At Stake

High-profile crypto entrepreneur Justin Sun has added a $100,000 Trump-branded watch to his collection of prized possessions. This extravagant gift was presented to him during a special dinner with President Donald Trump.
Sun, the founder of&nbsp;Tron, was among the top 220 supporters of Trump&#8217;s meme coin, $TRUMP. His support earned him an invitation to an exclusive dinner with the president on May 22, where he was presented with the luxury timepiece, reports <a href="https://www.businessinsider.com/everything-you-should-know-about-justin-sun-trump-watch-crypto-2025-5">the </a>Insider. 
Sun, a 34-year-old billionaire with a net worth of around $8.5 billion as per Forbes, is known for his high-profile investments and acquisitions. In 2017, he established Tron, a blockchain firm committed to creating a decentralized internet infrastructure. Tron&#8217;s network currently serves over 308 million users and has facilitated more than 10.4 billion transactions.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43579082/think-tank-calls-for-doj-probe-into-trump-meme-coin-over-possible-anti-bribery-violations">Think Tank Calls for DOJ Probe Into TRUMP Meme Coin Over Possible Anti-Bribery Violations</a>
In 2022, Sun became a member of&nbsp;the Global Advisory Board of&nbsp;the cryptocurrency exchange&nbsp;HTX. His investment portfolio also includes a significant stake in the art world, marked by a $6.2 million acquisition of&nbsp;Maurizio Cattelan&#8217;s conceptual artwork titled&nbsp;&#8220;Comedian&#8221;,&nbsp;a banana duct-taped to a&nbsp;wall.
Despite facing legal issues with&nbsp;the Securities and Exchange Commission&nbsp;(SEC) over accusations of fraud and improper registration of crypto asset securities, Sun remains an influential figure in the crypto and art industries. 
He recently&nbsp;invested an additional $45 million&nbsp;in World Liberty Financial, a venture supported&nbsp;by Trump and his family.
Justin Sun&#8217;s acquisition of the Trump watch underscores his continued influence and financial prowess in the crypto and art worlds, despite legal challenges. 
His recent investments, including the $45 million in World Liberty Financial, indicate his ongoing commitment to high-profile ventures and his confidence in the potential of the crypto market.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43076714/scaramucci-criticizes-donald-trumps-meme-coin-launch-idi-amin-level-corruption" target="_blank" rel="noreferrer noopener">Scaramucci Criticizes Donald Trump's Meme Coin Launch: ‘Idi Amin-Level Corruption'</a>
Image: Shutterstock/Kirill Aleksandrovich

Crypto Mogul Justin Sun Dines With Trump, Then Flexes $100K Watch — What's The Deal?

A 78-year-old South Florida woman named Carolyn is now the face of a crisis quietly growing in one of the country's most expensive regions: senior homelessness.
In a powerful <a href="https://youtu.be/bPjsPaQ0W8M?si=R0oErRr0Pt-pUNe8">segment aired last week by South Florida's WSVN-TV</a>, the longtime resident shared how she's been living in her car for nearly two months because her Social Security check doesn't stretch far enough to cover rent.
Her car, a 22-year-old sedan she calls "my baby," is packed with essentials. Her clothes hang neatly in the back seat. In the trunk, she stores her silks — dry-clean-only garments she hasn't been able to afford to care for in a long time. "I'm a neat freak," she said. "This is my dry cleaning — my silks — which I can't afford right now."
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Carolyn sleeps in the driver's seat, upright, with her legs crunched for hours. "My ankles and legs are swollen from having to sit all the time," she said. She gets by on just one meal a day — "I eat one meal a day for $2.02," she said — and stretches it further with a free senior drink. "I buy a jug of water. It's cheaper," she added.
With no housing, her gym membership through Medicare has become her lifeline. "I do go shower and do my makeup, my hair," she said, still holding on to dignity despite the circumstances.
Her only income is Social Security. Over the years, she's sold off many of her belongings, but the rising cost of living left her without options. "I look at it as a journey," she said, trying to stay hopeful. "I've had many journeys in my life."
Carolyn's story struck a nerve with Cassandra Ratliff, the <a href="https://www.pompanobeachfl.gov/residents/homeless-resources">housing and social services manager</a> for the City of Pompano Beach. "It could be my aunt. It could be my mother," Ratliff said. "It just breaks my heart just how humble Carolyn is."
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Ratliff is now helping Carolyn find permanent housing. For now, the city has temporarily placed her in a hotel after her car started leaking during a recent downpour.
According to Ron Book, chairman of the Miami-Dade Homeless Trust, elderly people living on the streets are especially at risk. "We know if you put vulnerable elderly on the street, they're going to die earlier," he said.
And the numbers are climbing. In 2019, seniors aged 65 and older made up 8% of <a href="https://www.myflfamilies.com/sites/default/files/2024-07/Council%202024%20Annual%20Homelessness%20Report.pdf">Miami-Dade County's homeless population</a>. By 2024, it had jumped to 14%. If trends continue, that number could hit 22% by 2030.
While average rent in Florida has dipped slightly — down $151 from last year, according to <a href="https://www.zillow.com/rental-manager/market-trends/fl/">Zillow — it still sits at $2,349</a>, far outpacing what many seniors can afford. The average monthly Social Security retirement benefit in <a href="https://www.ssa.gov/policy/docs/quickfacts/stat_snapshot/">April was $1,999</a>, leaving a gap too wide for many to bridge.
"The face of homelessness has changed," Book warned. "I want people in our community to think about their mothers and their grandmothers and their grandfathers being homeless for the first time."
See Also: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
Carolyn echoed the same sobering thought: "It can happen to anyone. Don't think it can't — because I never thought about it."
Despite everything, she's trying to use her voice to help others. "Other people may need somebody to be their spokesperson," she said. "This is the only thing I ever felt ashamed of in my life. And I truly felt ashamed. But this is the right thing to do."
Even while sleeping in her car and surviving on a budget that barely covers food, Carolyn hasn't lost her humor or resilience. "She's falling apart — like me," she joked about her old car.
Now, with a temporary roof over her head and a caseworker fighting for her, Carolyn is hoping this new chapter leads to something better — not just for herself, but for <a href="https://www.benzinga.com/news/25/05/45484392/grant-cardone-proposes-no-property-taxes-for-65-and-over-says-it-would-provide-relief-to-social-security-and-protect-seniors-homes">others silently suffering the same way</a>.
And there are likely many more. According to the <a href="https://www.census.gov/quickfacts/fact/table/FL/PST045224">U.S. Census Bureau</a>, about 22% of Florida's nearly 23 million residents are 64 or older, giving it the third-highest senior population in the country. As that number grows, so does the urgency — because Carolyn's story isn't rare. It's a warning.
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78-Year-Old Florida Woman On Social Security Has Been Living In Her Car For Months Because She Can't Afford Rent: 'I Eat One Meal A Day For $2.02'

Tech entrepreneur Elon Musk fondly recalled his infamous decision to briefly swap the Twitter logo for the Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) meme, a move that triggered a significant surge in the meme coin&#8217;s value. Musk later renamed Twitter &#8220;X.&#8221;
What Happened: On Saturday, Musk responded to a post on X from &#8220;DogeDesigner&#8221; who brought up the memorable event from two years prior. He wrote, &#8220;That was awesome.&#8221;
In April 2023, Musk had momentarily replaced the Twitter logo with the well-known Doge meme, the inspiration behind&nbsp;the original meme cryptocurrency DOGE, and its unofficial mascot.
<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">&#x1f602; that was awesome
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1926190193503052046?ref_src=twsrc%5Etfw">May 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/21/12/23525663/best-of-2021-elon-musk-responds-to-benzinga-report-lots-of-spacex-tesla-workers-own-dogeco">Elon Musk Responds To Benzinga Report: &#8216;Lots Of&#8217; SpaceX, Tesla Workers Own Dogecoin; He Doesn&#8217;t Own Floki, Shiba Inu</a>
The logo switch, which was in place for roughly a week, resulted in a substantial rise in DOGE&#8217;s price. The meme coin&#8217;s value increased by nearly 8%, followed by a swift additional 30% gain. 
This was perceived by the Dogecoin community as Musk&#8217;s attempt to incorporate his favored meme coin DOGE into Twitter.
Why It Matters:&nbsp;Musk&#8217;s playful antics on Twitter have often had a significant impact on cryptocurrency markets, particularly DOGE. 
His decision to replace the Twitter logo with the Doge meme not only demonstrated his influence on social media but also highlighted the volatile nature of meme coins and their susceptibility to external factors. 
This event serves as a reminder of the power of high-profile individuals in shaping market trends and the potential for social media platforms to influence cryptocurrency values.
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Social Media

Elon Musk Reflects on Twitter's Dogecoin Logo Swap: 'That Was Awesome'

HC Wainwright &amp; Co. analyst Raghuram Selvaraju downgraded the rating on UroGen Pharma Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URGN#NASDAQ">URGN</a>) <a href="https://www.benzinga.com/quote/URGN/analyst-ratings" target="_blank" rel="noreferrer noopener">from Buy to Neutral.</a>
Selvaraju points out that the FDA&#8217;s Oncologic Drugs Advisory Committee voted 5-4 against the benefit-risk profile of UroGen&#8217;s investigational therapy UGN-102 (mitomycin for intravesical solution), intended for patients with recurrent low-grade, intermediate-risk non-muscle-invasive bladder cancer (LG-IR-NMIBC).
According to the analyst, the narrow negative vote significantly lowers the likelihood of UGN-102 receiving timely approval.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/25/04/45047962/urogen-pharma-touts-four-year-response-with-urothelial-cancer-drug-study-highlights-potential-for-bladder-cancer-candidates" rel="noreferrer noopener">UroGen Pharma Touts Four-Year Response With Urothelial Cancer Drug Study, Highlights Potential For Bladder Cancer Candidates</a>
Selvaraju notes that if UGN-102 does receive FDA approval next month — with the only condition being a post-marketing randomized, controlled trial — this scenario would warrant a reassessment of their current rating on the stock.
Selvaraju notes that UroGen concluded the first quarter of 2025 with approximately $200 million in cash, cash equivalents and marketable securities.
According to the analyst, this financial position should be adequate to sustain operations through late 2026, even if UGN-102 fails to secure regulatory approval.
For 2026, the analyst now forecasts a net loss of $2.14 per share, a notable shift from his earlier projection of 27 cents in earnings for the year.
Selvaraju highlights that UroGen is advancing development on UGN-103 and UGN-104, next-generation mitomycin-based formulations for UGN-102 and JELMYTO, respectively.
These candidates combine the company&#8217;s RTGel delivery platform with a novel mitomycin formulation licensed from medac GmbH.
The Phase 3 UTOPIA trial evaluating UGN-103 in patients with low-grade, intermediate-risk non-muscle-invasive bladder cancer is currently enrolling.
Selvaraju anticipates that enrollment will wrap up by mid-2025, with top-line data expected shortly after. If results are positive, a regulatory submission could occur in 2026, potentially leading to FDA approval by 2027.
URGN Price Action: Urogen shares closed at $4.19 on Friday.
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UroGen Pharma Stock Receives Downgrade As Analyst Cites FDA Panel Setback For Key Bladder Cancer Drug

Citadel CEO Ken Griffin says the secret to building any enterprise boils down to one blunt commandment: learn to sell.
What Happened: Speaking to MBA candidates at Stanford University's Graduate School of Business, the billionaire hedge-fund founder <a href="https://youtu.be/GuF14oKon8A?t=616">recalled</a> visiting an early backer and spotting a gift-shop plaque that read, &#8220;If we're all going to eat, someone has to sell.&#8221;
The $10 tchotchke, he told students, became his career's &#8220;wake-up moment.&#8221; &#8220;You're always selling,&#8221; Griffin said. &#8220;And if you don't like to sell, here's my advice: Get over it.&#8221;
Griffin, now worth roughly $44 billion according to Forbes, urged Gen Z entrepreneurs to exploit their youth. &#8220;When you're in your 20s, what's your worst-case scenario? It's not that bad,&#8221; he said. &#8220;I really deduced that in my 20s, I would take risks in my career. Why not? I have nothing to lose.&#8221; Rejections, he added, are inevitable but invaluable.
The 56-year-old financier also laid out the three traits he prizes in new hires: "intellect, aptitude and communication." Adaptability, he said, separates future founders from also-rans. "The entrepreneurs of any moment in time are the people that have the skill set that is relevant to solve the problems of that moment in time."
See also: <a href="https://www.benzinga.com/25/05/45587151/charlie-munger-said-someone-mailed-him-a-50k-saying-ill-pay-to-work-for-you-he-sent-it-back-but-admired-the-gutsy-move">Charlie Munger Said Someone Mailed Him A $50K, Saying &#8216;I&#8217;ll Pay To Work For You&#8217; — He Sent It Back But Admired The Gutsy Move</a>
Griffin credited his own hedge fund's longevity to collaboration. "Citadel is a team sport," he said. "I am so fortunate to have extraordinarily strong partners that help to create resilience because everyone has a down day, a down week, a down month."
Why It Matters: That team approach has paid off: Citadel has generated about <a href="https://www.benzinga.com/general/24/02/37181785/citadel-is-the-most-successful-hedge-fund-in-history-here-are-its-top-investment-picks">$74 billion in net gains</a> since 1990, making it the most profitable hedge fund on record.
Stalwarts from Silicon Valley to Wall Street keep hammering the same point. Mark Cuban tells founders to <a href="https://www.benzinga.com/news/25/03/44348106/mark-cuban-reveals-the-key-personality-trait-you-need-to-succeed">sell to customers</a> rather than being sold to by them and reminds them that sales numbers don't lie, a mantra he says kept him rich long after his first millions rolled in.
Jeff Bezos lived that lesson in 1995, burning through 60 rejection-filled meetings before persuading 22 believers to buy 20 percent of Amazon for $1 million; he still calls that grind "the <a href="https://www.benzinga.com/news/25/05/45184305/jeff-bezos-says-the-hardest-thing-was-landing-amazons-first-million-says-he-warned-potential-backers">hardest thing</a> I've ever done".
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Photo courtesy: viewimage / Shutterstock.com

Success Stories

Citadel Head Ken Griffin Says His Career's 'Wake Up Moment' Proved Everyone's 'Always Selling:' And If You Don't Like It, 'Get Over It'

Press Releases

Cool Company Ltd. - Increase in Share Capital

Cool Company Ltd. Announces Fourth Quarter, Full Year 2024 Earnings Release Date

Industry Leaders Presenting at Capital Link's 19th Annual International Shipping Forum - Monday March 31, 2025, New York City

Cool Company Ltd. Q4 2024 Business Update

Gas & Tankers Shipping Industry Leaders Presenting at Capital Link's 19th Annual International Shipping Forum - Monday, March 31, 2025, New York City

REMINDER: Gas & Tankers Shipping Industry Leaders Presenting at Capital Link's 19th Annual International Shipping Forum - Monday, March 31, 2025, New York City

Cool Company Ltd.: Granting of Restricted Stock Units to Primary Insiders

Cool Company Ltd.: Announcement of Filing of Form 20-F Annual Report

Cool Company Ltd. Announces First Quarter 2025 Earnings Release Date

Cool Company Ltd. Q1 2025 Business Update

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