La vendita allo scoperto per Crinetics Pharmaceuticals dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Crinetics Pharmaceuticals. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Crinetics Pharmaceuticals (NASDAQ:CRNX) Azioni, Report sulle vendite allo scoperto

CRINETICS PHARMACEUTICALS IN

Crinetics Pharmaceuticals

Crinetics Pharmaceuticals Inc is a clinical-stage pharmaceutical company focused on the discovery, development, and commercialization of novel therapeutics for rare endocrine diseases and endocrine-related tumors. Its products include Paltusotine and Atumelnant.

Crinetics Pharmaceuticals, Inc. - Common Stock

Crinetics Pharmaceuticals Inc

The U.S. and China are engaged in renewed trade negotiations following a sharp escalation in tariffs — with the U.S. imposing duties of up to 145% on Chinese goods and China responding with 125% tariffs on American imports. These moves have disrupted global supply chains and heightened economic tensions.
Recent talks, held in Geneva and described by U.S. officials as a potential "reset," aim to reduce tariffs and reestablish more stable trade terms. While no formal agreement has been reached, both sides have shown cautious willingness to compromise, with discussions reportedly exploring tariff reductions and market access.
Despite the diplomatic tone, deep-rooted differences remain, particularly around technology, subsidies, and market transparency. The outcome of these talks will be critical not just for U.S.–China relations, but for global trade stability in the months ahead.
Chris Pereira, chief of the American Ecosystem Institute and Founder &amp; CEO of iMpact, a leading communications and business consulting firm, recently spoke with Benzinga to share his insights on the ongoing U.S.–China trade war and its broader implications.
With over two decades of experience in China, he is widely recognized as a leading China expert, educator, and media commentator. Chris has advised hundreds of companies on branding, public relations, and international expansion, and is frequently sought for his expert analysis on U.S.–China trade relations and ongoing tariff negotiations. He is a regular speaker at universities and global forums offering deep insights on China's evolving role in global business, geopolitics, and the future of technology.
Here&#8217;s an excerpt from the interview with Chris.
Chris, with your deep experience in facilitating cross-border business, how do you see the current U.S.–China trade tensions reshaping global supply chains?
The current tensions are accelerating a structural shift in global supply chains that was already underway. Rather than a complete decoupling, we&#8217;re seeing a strategic rebalancing — diversification, not divorce. Chinese firms are increasingly building parallel operations outside mainland China, especially in Southeast Asia and the Middle East, while many multinationals are adopting a &#8220;China+1&#8221; strategy. This allows them to manage geopolitical risks without walking away from the scale and sophistication of China's manufacturing ecosystem. As someone who works daily with Chinese firms looking to expand abroad, I can say the push to go global is more determined than ever — but it&#8217;s also more pragmatic and nuanced.
Also Read: <a href="https://www.benzinga.com/news/global/25/05/45335581/trump-proposes-major-cut-in-china-tariffs-signaling-shift-in-trade-war">Trump Proposes Major Cut in China Tariffs, Signaling Shift in Trade War</a>
Given the latest tariff measures from both sides, what kind of strategic adjustments are you seeing among Chinese firms looking to expand internationally?
We're seeing a shift from opportunistic overseas ventures to more deeply localized, strategic investments. Chinese companies are becoming more sophisticated about compliance, branding, and building trust in foreign markets. They're investing in local teams, legal frameworks, and strategic partnerships — not just shipping products, but embedding themselves in local ecosystems and building true connection overseas. At iMpact, we're helping clients establish operations in the U.S., Europe, and ASEAN that are designed to be as locally integrated as possible, and not just overseas arms of a Chinese parent company. The geopolitical headwinds have made international expansion harder — but also more urgent and more professional.
How are American companies operating in China responding to the shifting regulatory and geopolitical landscape? Are they adapting, exiting, or doubling down?
The answer really depends on the industry. For sectors deeply tied to national security or critical tech — semiconductors, for instance — we're seeing a cautious pullback. But in sectors like automotive, consumer goods, restaurants, and healthcare, many U.S. firms are doubling down. They understand that despite the noise, China remains one of the world's most dynamic and complex markets. Smart companies are investing in localization, strengthening compliance, and de-risking their China operations without abandoning them. I would say it&#8217;s more of a recalibration than an exodus.&nbsp;
Do you think the current trade dynamics signal a longer-term decoupling between the U.S. and China, or are we still looking at cyclical tensions?
We're in a phase of strategic competition that is structural — not just cyclical — but that doesn't mean a full decoupling is inevitable. In fact, I believe a significant decoupling to be highly unlikely. The U.S. and China remain deeply economically intertwined, and complete disengagement would be mutually damaging. What we&#8217;re likely to see is selective decoupling in politically sensitive sectors, alongside continued engagement in areas where interests align. Businesses, not governments, often drive the practical realities of integration, and many firms on both sides are finding creative ways to keep doors open, even in a more fragmented world.
How do these tensions impact innovation and tech collaboration between the two nations — especially in areas like AI, semiconductors, and green tech?
There&#8217;s no question that the geopolitical rivalry is putting up new barriers to collaboration in core technologies. Semiconductors are the most obvious flashpoint, with both sides erecting walls to protect national interests. But in fields like AI and green tech, as well as bio-pharm, there's still enormous potential for cross-border learning — albeit in more cautious, less open forms. The race to decarbonize, for instance, is a global challenge where innovation should ideally transcend borders. Likewise for healthcare advancements &#8211; no one wants to see politics hinder cancer research, for example. While government policies may limit direct collaboration, informal knowledge sharing, global talent flows, and private-sector R&amp;D partnerships still offer bridges.
From your perspective, what role can thought leaders and business facilitators like yourself play in fostering productive dialogue and mitigating geopolitical risk?
We act as translators — not of language, but of cultural context, values, and intentions. We support communication cross-culturally, and also assist with project execution. At iMpact, we're not just helping Chinese firms expand abroad — we're helping them build trust, tell their story authentically, and operate with transparency in environments that may view them with skepticism. I believe that people like myself, who understand both sides deeply, have a responsibility to lower the temperature, challenge stereotypes, and create spaces for genuine dialogue. The private sector can't solve geopolitics, but we can shape how it impacts lives, businesses, and the future of innovation.
Read Next
<a href="https://www.benzinga.com/markets/25/05/45185792/young-americans-express-discontent-over-trumps-china-tariffs" target="_blank" rel="noreferrer noopener">Young Americans Express Discontent Over Trump's China Tariffs</a>

News

Global

US And China Remain Deeply Economically Intertwined, And Complete Disengagement Would Be Mutually Damaging, Says Chris Pereira

An annual report shows that the unpaid work mothers do in the home and around could be worth the equivalent of a six-figure salary.
Here's the details.
Mom's Unpaid Work: This<a href="https://www.benzinga.com/topic/mothers-day"> Mother's Day </a>might be the perfect time to buy a gift or make something for a mom or mother figure to show how much they're appreciated, especially for the work they've done over the years that goes unpaid.
A stay-at-home mom could earn the equivalent of an annual survey of $145,235 according to the <a href="https://www.insure.com/life-insurance/the-mothers-day-index.html">annual </a>Insure.com Mother's Day Index. The 2025 salary figure is up 4% from last year.
"Stay-at-home mothers juggle multiple jobs behind the scenes without compensation," Insure.com Managing Editor Nupur Gambhir said. "The Mother's Day Index is our way of recognizing some of the economic value of caregivers – their extraordinary workload would easily earn them six figures in the job market."
The annual survey uses data from the U.S. Bureau of Labor Statistics and hourly rates to come up with the salary based on the number of hours a mother typically performs each task.
Read Also: <a href="https://www.benzinga.com/personal-finance/25/04/45121496/nearly-4-million-factory-jobs-are-coming-but-gen-z-would-rather-work-in-the-trades-than-the-assembly-line">Nearly 4 Million Factory Jobs Are Coming — But Gen Z Would Rather Work In The Trades Than The Assembly Line</a>
Salary Breakdown: The Mother's Day Index highlights over a dozen jobs that a mom does each week. Many of these jobs saw rises in their average hourly rate over the last year, helping to boost the amount of money a mom should be paid.
Here is the breakdown of how many hours and how much a mom would earn for each of the tracked job duties.
<ul class="wp-block-list">
<li>Accountant/Auditor: 0.5 hours per week, $1,169 annual wage</li>
<li>Baker: 3 hours per week, $435 annual wage</li>
<li>Chauffeurs: 9 hours per week, $8,794 annual wage</li>
<li>Childcare Worker: 40 hours per week, $33,134 annual wage</li>
<li>Cook: 14 hours per week, $12,478 annual wage</li>
<li>Elementary School Teacher: 20 hours per week, $24,156 annual wage</li>
<li>Hairdresser: 0.5 hours per week, $543 annual wage</li>
<li>Judge: 3 hours per week, $10,320 annual wage</li>
<li>Landscaping: 1 hour per week, $1,022 annual wage</li>
<li>Laundry Workers: 4 hours per week, $3,268 annual wage</li>
<li>Licensed Nurse: 2 hours per week, $740 annual wage</li>
<li>Maids/Housekeeping: 10 hours per week, $9,043 annual wage</li>
<li>Meeting &amp; Convention: 8 hours per week, $2,003 annual wage</li>
<li>Mental Health Counselor: 5 hours per week, $5,584 annual wage</li>
<li>Social Service Specialist: 40 hours per week, $13,459 annual wage</li>
<li>Other Designers: 5 hours per week, $1,500 annual wage</li>
<li>Other Teachers: 10 hours per week, $13,768 annual wage</li>
<li>Personal Care Aides: 3 hours per week, $2,624 annual wage</li>
<li>Private Detective: 5 hours per week, $1,186 annual wage</li>
</ul>
Add it all up and it's a total of 183 hours per week on average and the equivalent to an annual salary of $145,235. Not bad for a role that's mostly unpaid for.
Note that not all the job duties above are for all 52 weeks of the year and are based on averages. The roles of chauffeur, childcare worker, cook, hairdresser, judge, landscaping, laundry, maid and personal care aide are all based on 50 weeks or more in a year, showing the non-stop demand for a mother's work.
Some of these jobs and unpaid duties also come on top of full-time jobs for moms.
The Mother's Day Index 2025 shows how thankful people should be for their moms or people doing the daily and weekly duties listed above.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/24/05/38777913/i-forgot-to-bring-a-mothers-day-gift-for-my-mom-so-i-planned-these-5-surprises-to-make-her-day-extra">I Forgot To Bring A Mother&#8217;s Day Gift For My Mom — So I Planned These 5 Surprises To Make Her Day Extra Special</a></li>
</ul>

How Much Would A Mom Make A Year If Paid For Home Responsibilities? Here's The Six-Figure Answer

These mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol class="wp-block-list">
<li>Pony AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) shares jumped 72.40%  after the company inked a strategic deal with Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) to deploy Pony.ai&#8217;s <a href="https://www.benzinga.com//node/45225030" target="_blank" rel="noreferrer noopener">robotaxis onto the Uber platform</a>.</li>
<li>Dave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAVE#NASDAQ">DAVE</a>) shares increased 59.68% after the company reported strong first-quarter results and<a href="https://www.benzinga.com//node/45280986" target="_blank" rel="noreferrer noopener"> raised its FY25 sales guidance</a>. Several analysts <a href="https://www.benzinga.com/quote/dave/analyst-ratings" target="_blank" rel="noreferrer noopener">boosted the price forecast</a>.</li>
<li>Sezzle Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEZL#NASDAQ">SEZL</a>) stock escalated 56.29%  after the company reported better-than-expected first quarter results and <a href="https://www.benzinga.com//node/45266202" target="_blank" rel="noreferrer noopener">raised its FY25 guidance</a>.</li>
<li>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) shares were up 57.65% after the company reported a year-over-year increase in first-quarter adjusted EPS results and<a href="https://www.benzinga.com//node/45267567" target="_blank" rel="noreferrer noopener"> better-than-expected sales results</a>.</li>
<li>D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) stock rose 40.20% after the company posted record first-quarter 2025 financial results and highlighted major technical milestones <a href="https://www.benzinga.com//node/45294899" target="_blank" rel="noreferrer noopener">in commercial quantum computing</a>. Needham analyst Quinn Bolton maintained a Buy rating and raised the <a href="https://www.benzinga.com/quote/qbts/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $8.5 to $13</a>.</li>
<li>Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) stock increased 31.62% after the company reported better-than-expected first-quarter earnings and increased <a href="https://www.benzinga.com//node/45320549" target="_blank" rel="noreferrer noopener">its share repurchase program.</a></li>
<li>Oscar Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>) stock rose 29.62% after the company reported better-than-expected financial results and issued FY25<a href="https://www.benzinga.com//node/45246795" target="_blank" rel="noreferrer noopener"> sales guidance above estimates</a>.</li>
<li>Bitdeer Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) shares gained 28.71% after the company reported an April Bitcoin production increase of 45.6% to <a href="https://www.benzinga.com//node/45313832" target="_blank" rel="noreferrer noopener">166 BTC on Sealminer deployment</a>.</li>
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) stock gained 28.67% last week after reporting better-than-expected <a href="https://www.benzinga.com//node/45268589" target="_blank" rel="noreferrer noopener">Q1 financial results</a>. The stock also reacted to a report suggesting Republican lawmakers support tax credits in former President Biden&#8217;s Inflation Reduction Act legislation.</li>
</ol>
Image Via Shutterstock

Mid Cap

Movers

BTDR

DAVE

LYFT

OSCR

PONY

QBTS

SEZL

UBER

Pony AI, Lyft And Sunrun Are Among Top 9 Mid-Cap Gainers Last Week (May 5-May 9): Are The Others In Your Portfolio?

These large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol class="wp-block-list">
<li>argenx SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) shares tumbled 15.40% after the <a href="https://www.benzinga.com//node/45275849" target="_blank" rel="noreferrer noopener">company reported first-quarter results</a>.</li>
<li>Vertex Pharmaceuticals Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) shares dipped 15.20% after it reported lower-than-expected first-quarter 2025 earnings, and analysts <a href="https://www.benzinga.com//node/45236530" target="_blank" rel="noreferrer noopener">revised the price forecasts</a>.</li>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) stock fell 14.12%.</li>
<li>MakeMyTrip Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) shares dived 12.96%.</li>
<li>Regeneron Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) shares fell 12.85%. The U.S. Food and Drug Administration (FDA) announced its intent to expand the use of unannounced inspections at foreign manufacturing facilities that produce foods, essential medicines, and other medical products intended <a href="https://www.benzinga.com//node/45234032" target="_blank" rel="noreferrer noopener">for American consumers and patients</a>.</li>
<li>Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) shares dived 11.97% after reporting <a href="https://www.benzinga.com//node/45299460" target="_blank" rel="noreferrer noopener">first-quarter results</a>, but issuing a weaker-than-expected Q2 sales outlook.</li>
<li>BioNTech SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>) stock was down 11.60% after the <a href="https://www.benzinga.com//node/45205736" target="_blank" rel="noreferrer noopener">company reported quarterly results</a>. Analysts revised the price <a href="https://www.benzinga.com/quote/bntx/analyst-ratings" target="_blank" rel="noreferrer noopener">forecast on the stock</a>.</li>
<li>Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) stock declined 11.33% after the company reported third-quarter results and <a href="https://www.benzinga.com//node/45322588" target="_blank" rel="noreferrer noopener">analysts revised the price forecast</a>.</li>
<li>FNF Group of Fidelity National Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) stock declined 10.98% after the company <a href="https://www.benzinga.com//node/45266700" target="_blank" rel="noreferrer noopener">reported first-quarter results</a>.</li>
<li>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) stock fell 10.81% last week in reaction to an executive order from the Trump administration to boost <a href="https://www.benzinga.com//node/45233995" target="_blank" rel="noreferrer noopener">domestic drug manufacturing</a>.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) stock declined 10.57% after the company reported its<a href="https://www.benzinga.com//node/45300096" target="_blank" rel="noreferrer noopener"> first-quarter financial results</a>. Analysts revised the stock&#8217;s price forecast.</li>
<li>DoorDash, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) shares decreased 10.52% after announcing downbeat first-quarter sales, and <a href="https://www.benzinga.com//node/45264549" target="_blank" rel="noreferrer noopener">analysts revised the price forecast</a>.</li>
</ol>
Photo by Jonathan Weiss via Shutterstock

Earnings

Equities

Large Cap

AFRM

ARGX

BNTX

DASH

MMYT

REGN

SMMT

VRTX

Eli Lilly, Affirm And Regeneron Are Among Top 12 Large-Cap Losers Last Week (May 5-May 9): Are The Others In Your Portfolio?

The first $100,000 is the hardest. Once you reach this milestone, compounding starts to work in your favor and push you toward other financial goals.
A Redditor knew this detail when asking for advice in the Dividends subreddit. The original poster has $100,000 invested in the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) and stated that you're <a href="https://www.reddit.com/r/dividends/comments/1kfwo5g/100k_invested_in_voo_now_what/">"basically a millionaire"</a> once you hit this threshold.
"Now what?" the Redditor asked.
Although reaching the six-figure mark is a great feat, many commenters encouraged the Redditor to keep going and stay invested.
Don't Miss:
<ul class="wp-block-list">
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.30/share with a $1000 minimum.</a></li>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> this is your last chance to become an investor for $0.80 per share.</a></li>
</ul>
<h2 class="wp-block-heading">Forget About It For 30 Years</h2>
Multiple commenters told the Redditor to forget about their portfolio for the next 30 years.
"Forget about that account for 30 years," one of the top comments suggested.
Assuming an annualized 8% return, the $100,000 balance will turn into $1 million after 30 years. That's true even if the Redditor doesn't contribute another dollar to their portfolio. It demonstrates how returns can stack on top of each other and boost total returns.
The Redditor doesn't have to make any flashy moves to reach a $1 million portfolio, assuming that the 8% annualized return remains intact.&nbsp;
Trending: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
<h2 class="wp-block-heading">Continue To Invest</h2>
Although the Redditor is off to a great start, most commenters encouraged the Redditor to keep going. Investing more money will give the Redditor more choices in the future. Retirement will be more doable when the time arrives, and one commenter suggested that the Redditor can "pass it down to his family."
Another Redditor said that wealth building doesn't end once you reach $100,000. While this benchmark makes it easier to build your net worth, regular portfolio contributions will get you there even faster.
"You keep investing; job's far from done&#8230;I assume you want to hit a million faster, so you are going to need to continue to add to that money and make it grow."
It's impossible to predict how your financial situation will change in the next 10-15 years. Saving and investing money now will leave you better prepared for worst-case scenarios while setting you up for best-case scenarios.
See Also: <a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a>
<h2 class="wp-block-heading">Keep Your Foot On The Pedal</h2>
One commenter questioned the notion that your wealth "explodes after $100k" and encouraged the original poster to continue investing. The commenter suggested only taking your foot off the pedal after you are halfway to your financial independence number.
Another commenter suggested that the Redditor continue with their current money habits. The same money habits that helped the Redditor end up with a $100,000 portfolio can result in a $200,000 portfolio sooner.&nbsp;
Momentum is a strong force, and you can reach your financial goals sooner if you continue. However, if the Redditor decides to rest, they risk losing all of the momentum. It's hard to get an object at rest to move, but once something is in motion, it's easier to continue on that path.
The Redditor has an opportunity to grow their portfolio. Compounding is a nice bonus, but the Redditor should continue to make regular investments.
Read Next:
<ul class="wp-block-list">
<li>Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs-ym?v=123">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000.</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.30/share!</a></li>
</ul>
Image: Shutterstock

Personal Finance

'Now What?' — Investor With $100K In VOO Wonders What's Next After Constantly Hearing The First Hurdle Is The Hardest

In the latest cryptocurrency market update, Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) has seen a significant surge, nearly touching $0.23,&nbsp;its highest price in months. Concurrently, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is inching closer to its all-time high.
What Happened: Over the past week, Dogecoin has experienced a nearly 27% increase, reaching a current price of $0.225. This includes a&nbsp;9% rise in the last&nbsp;24 hours alone. According to CoinGecko <a href="https://www.coingecko.com/en/coins/dogecoin">data</a>, this is the highest peak for Dogecoin since March 2.
Along with the price surge, open interest on Dogecoin has also escalated&nbsp;to its highest level since&nbsp;mid-February, as per CoinGlass. The current open interest stands at $2.52 billion, representing&nbsp;the total value of futures&nbsp;contracts yet to be settled.
Despite these increases, the figures are still notably below their respective peaks. Dogecoin hit its highest at $0.73 in 2021 and has not approached that level since, peaking only&nbsp;as high as $0.48 in&nbsp;recent months. DOGE open interest reached a high of $5.5 billion in January, but fell to&nbsp;as low as $1.3 billion&nbsp;due to a recent price dip.
As per reports, Dogecoin is not&nbsp;the only meme coin to&nbsp;witness substantial gains this week. Other&nbsp;meme coins like Moo Deng&nbsp;(MOODENG) and Peanut the Squirrel&nbsp;(PNUT) have seen even larger increases,&nbsp;with MOODENG nearly tripling in&nbsp;price this week.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44348233/unprecedented-400-surge-in-dogecoin-network-activity-a-bullish-move">Unprecedented 400% Surge in Dogecoin Network Activity: A Bullish Move?</a>
Bitcoin remains a key focus&nbsp;for traders,&nbsp;with the leading cryptocurrency by&nbsp;market cap reclaiming&nbsp;a $100,000 price earlier this&nbsp;week and nearly touching $104,000 on Friday. Currently,&nbsp;Bitcoin is priced at $103,518—down&nbsp;just&nbsp;5% from its all-time high&nbsp;of $108,786 set back in&nbsp;January on President Donald Trump&#8216;s inauguration&nbsp;day.
Due to the market upswing, daily&nbsp;crypto market liquidations topped $1.1&nbsp;billion as of Friday morning,&nbsp;with Ethereum responsible for most&nbsp;of the damage—and short traders&nbsp;feeling the most pain.
Why It Matters: The recent surge in Dogecoin and other meme coins highlights the volatile nature of the cryptocurrency market. Despite the significant gains, these coins are still far from their respective peaks, indicating the potential for further growth or decline. 
The rise in open interest suggests increased trading activity and investor interest in these coins. The overall market sentiment, driven by factors such as network upgrades and political events, continues to influence the price movements of these cryptocurrencies.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42804970/dogecoin-to-hit-one-dollar-milestone-this-year-says-this-analyst" target="_blank" rel="noreferrer noopener">Dogecoin To Hit One Dollar Milestone This Year, Says This Analyst</a>
Image: Shutterstock

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

Cryptocurrency

Markets

$BTC

$DOGE

Dogecoin Rockets Up 27% While Bitcoin Climbs Toward All-Time High

The past weekend was a rollercoaster ride for the financial world. From China&#8217;s potential strategy to bypass trade talks with the U.S., to Warren Buffett&#8216;s disappointment over the depreciating U.S. dollar, and the bold economic predictions by Cathie Wood, there was no shortage of intriguing developments. Here&#8217;s a quick recap of the top stories.
China&#8217;s Potential Trade Strategy: Economist Craig Shapiro, the macro strategist at Bear Traps Report, suggests that China might employ &#8220;geopolitical game theory&#8221; to avoid trade talks with the U.S. By selling its U.S. stocks and bonds, China could potentially force the U.S. to retract tariffs without any negotiations. 
<a href="https://www.benzinga.com/25/05/45254558/china-could-sell-its-us-holdings-without-having-to-give-in-says-expert-risk-asset-prices-are-trumps-achilles-heel">Read the full article here.</a>
Buffett&#8217;s Dollar Disappointment: During the 2025 Berkshire Hathaway Annual Meeting, Buffett expressed his concern over the depreciating U.S. dollar. He stated that no one would want to hold assets in a currency that was falling in value, indicating his worry about the future of the U.S. currency. 
<a href="https://www.benzinga.com/general/market-summary/25/05/45218040/warren-buffett-expresses-disappointment-over-dollar-depreciation-dont-want-to-own-assets-in-a-currency-that-is-really-going-to-hell">Read the full article here.</a>
See Also: <a href="https://benzinga.com/government/regulations/25/05/45330282/fed-stays-put-trump-touts-uk-trade-deal-bitcoin-booms-past-100k-stagflation-fears-rise-this-week-in-markets" target="_blank" rel="noreferrer noopener">Fed Stays Put, Trump Touts UK Trade Deal, Bitcoin Booms Past $100K, Stagflation Fears Rise: This Week In Markets &#8211; Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial in</a>
Trade War Impact: Despite ongoing trade tensions between the U.S. and China, experts anticipate minimal impact on future economic growth and corporate earnings. This consensus comes after the U.S. and China agreed to hold high-level trade talks in Switzerland. 
<a href="https://www.benzinga.com/25/05/45245315/trade-war-will-not-impact-growth-or-earnings-ahead-says-expert-as-china-us-hint-at-initiating-negotiations">Read the full article here.</a>
Cathie Wood&#8217;s Economic Prediction: Cathie Wood, the CEO and CIO of ARK Investment Management, predicts an end to the prolonged &#8220;rolling recession&#8221; that has gripped the U.S. economy for the past three years. She anticipates a productivity-led economic boom and a healthy, broader-based bull market.
<a href="https://www.benzinga.com/markets/futures/25/05/45220427/cathie-wood-bucks-consensus-predicts-economic-boom-and-broad-bull-market-the-opportunity-is-now">Read the full article here.</a>
Peter Schiff&#8217;s Take on Trump&#8217;s Tariff: Economist Peter Schiff criticized President Donald Trump&#8216;s proposed 100% tariff on foreign-produced movies, suggesting that Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) subscribers would ultimately bear the cost. 
<a href="https://www.benzinga.com/general/education/25/05/45187710/peter-schiff-says-trumps-100-tariff-on-foreign-films-pointless-without-targeting-streamingwarns">Read the full article here.</a>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://benzinga.com/25/05/45312871/china-says-we-have-no-fear-ahead-of-crucial-us-trade-talks-in-switzerland-as-trump-signals-potential-tariff-reduc" target="_blank" rel="noreferrer noopener">China Says &#8216;We Have No Fear&#8217; Ahead Of Crucial US Trade Talks In Switzerland As Trump Signals Potential Tariff Reductions</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Economics

NFLX

Warren Buffett Expresses Disappointment Over Dollar Depreciation, Peter Schiff's Take On Trump's Tariff And More: This Week In Economics

These large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol class="wp-block-list">
<li>The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) stock jumped 31.34% after the company reported better-than-expected first-quarter financial results, and <a href="https://www.benzinga.com//node/45321575" target="_blank" rel="noreferrer noopener">analysts revised the price forecast</a>.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) shares escalated 27.29% following strong <a href="https://www.benzinga.com//node/45321220" target="_blank" rel="noreferrer noopener">first-quarter earnings results</a>.</li>
<li>Insulet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>) stock rose 20.88% after the company reported better-than-expected financial results and raised its FY25 sales guidance above estimates. Also, the company issued<a href="https://www.benzinga.com//node/45321429" target="_blank" rel="noreferrer noopener"> Q2 sales guidance above estimates</a>.</li>
<li>Ubiquiti Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UI#NYSE">UI</a>) shares increased 20.64% after the company reported better-<a href="https://www.benzinga.com//node/45313954" target="_blank" rel="noreferrer noopener">than-expected financial results</a>.</li>
<li>FTAI Aviation Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>) shares increased 19.10%. Stifel analyst Frank Galanti upgraded the company from Hold to Buy and maintained the <a href="https://www.benzinga.com/quote/ftai/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast at $123</a>.</li>
<li>UL Solutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ULS#NYSE">ULS</a>) stock was up 17.24% after Wells Fargo maintained an Overweight rating on the stock and raised its <a href="https://www.benzinga.com/quote/uls/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $65 to $77</a>.</li>
<li>Rockwell Automation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>) stock grew 16.22% after the company reported better-than-expected <a href="https://www.benzinga.com//node/45251607" target="_blank" rel="noreferrer noopener">second-quarter results</a>. Analysts boosted <a href="https://www.benzinga.com/quote/rok/analyst-ratings" target="_blank" rel="noreferrer noopener">the company&#8217;s price forecast</a>.</li>
<li>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) shares rose 15.49% after the company <a href="https://www.benzinga.com//node/45316027" target="_blank" rel="noreferrer noopener">reported fourth-quarter results</a>. <a href="https://www.benzinga.com/quote/mchp/analyst-ratings" target="_blank" rel="noreferrer noopener">Analysts revised the price forecast</a>.</li>
<li>Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) stock jumped 14.54% after better-than-expected second-quarter financial results and the announcement of a new international <a href="https://www.benzinga.com//node/45263841" target="_blank" rel="noreferrer noopener">theme park project in Abu Dhabi</a>. Analysts raised <a href="https://www.benzinga.com//node/45293256" target="_blank" rel="noreferrer noopener">the stock&#8217;s price forecast</a>.</li>
<li>Aramark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARMK#NYSE">ARMK</a>) stock escalated 14.06% <a href="https://www.benzinga.com//node/45224441" target="_blank" rel="noreferrer noopener">after the second-quarter FY25 earnings</a>.</li>
<li>Toast, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>) shares increased 13.41% after the company reported first-quarter results and <a href="https://www.benzinga.com//node/45324198" target="_blank" rel="noreferrer noopener">analysts revised the price forecast</a>.</li>
</ol>
Photo via Shutterstock

ARMK

FTAI

Hims & Hers Health, Inc. Class A Common Stock

HIMS

MCHP

PODD

TOST

The Trade Desk, Walt Disney, And Hims & Hers Health Are Among Top 11 Large-Cap Gainers Last Week (May 5-May 9): Are The Others In Your Portfolio?

A Reddit user recently shared a concerning <a href="https://www.reddit.com/r/collapse/comments/1kgvfey/massive_slowdown_at_her_jobtariffs_are_hitting/">post</a> about the rapidly worsening situation at a third-party logistics warehouse where his wife has worked for over five years.&nbsp;
The warehouse, which handles shipping for various online stores, is reportedly struggling to keep up as new tariffs <a href="https://www.benzinga.com/markets/25/04/45008049/shoes-toys-apparel-and-earbuds-may-disappear-from-shelves-first-as-us-china-trade-war-disrupts-supply-chains-retail-experts-warn">disrupt supply chains</a> and send costs soaring.
<h2 class="wp-block-heading">Major Disruptions</h2>
According to the poster, the warehouse has seen a dramatic <a href="https://www.benzinga.com/25/04/45026616/trumps-trade-war-causes-sharp-decline-in-us-imports-from-china">slowdown in shipments</a>. "Stuff's not coming in anymore. Like shipments just… stopped," the user wrote, explaining that the warehouse is getting half the trucks they used to, with containers that were supposed to land weeks ago simply &#8220;disappearing.&#8221;
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The tariffs reaching 145% on a wide range of imports from China are making it too expensive for many businesses to keep importing low-cost goods like gadgets, clothes, and household items. &#8220;All that &#8216;<a href="https://www.benzinga.com/25/05/45190742/meta-google-snap-set-to-lose-billions-in-ad-revenue-from-chinese-sellers-as-trump-closes-de-minimis-loophole-repo">under $800 ships free</a>&#8216; rule? Dead.&#8221;
The post detailed how the warehouse's clients, mostly small e-commerce brands, are slashing orders or pulling out altogether. Many are unable to afford the increased costs or have simply chosen to shift operations to Europe, where importing remains more viable. "One client's moving ops to Europe cause it's cheaper to serve customers there now," the user noted.
The impact has been severe. Managers at the warehouse are reportedly &#8220;cutting shifts, canceling overtime, and even talking layoffs.&#8221;&nbsp;
Trending: The team behind $6B+ in licensing deals is now building the next billion-dollar IP empire — <a href="https://www.benzinga.com/money/elf-labs-ym?v=123">invest early at $2.25/share.</a>
<h2 class="wp-block-heading">Broader Effects</h2>
The situation isn't limited to just one warehouse. Other commenters chimed in with similar stories from across the logistics sector. One person working in a different 3PL facility said their company is trying to clear out as much stock as possible before shipments completely dry up, fearing mass layoffs within weeks.
On the other hand, ports in Canada are feeling the strain, with one commenter in Saint John, New Brunswick, describing a massive surge in container traffic as U.S.-bound goods are redirected. "Our port is busier than it has ever been, and our existing infrastructure is about maxed out," they wrote, noting that containers are piling up because of the increased volume.
<h2 class="wp-block-heading">Economic Domino Effect</h2>
Others highlighted the broader economic ripple effects, noting that layoffs in warehousing and logistics could quickly spill over into local economies, hitting everything from retail to service jobs.&nbsp;
"Warehouse worker gets laid off and now that family cuts back on buying things, even basics like clothes or holding off on car repairs or eating out," one user warned. "Now the local economy takes a hit… It can quickly become a death spiral."
See Also: Shark Tank's Kevin O'Leary called Missing Ring his biggest mistake — Don't repeat history—<a href="https://www.benzinga.com/money/big-tech-has-spent-billions-acquiring-ai-smart-home-startups-one-company-stands-to-benefit-and-has-already-made-10-million">invest in RYSE at just $1.90/share.</a>
Small businesses, particularly those dependent on Chinese imports, also seem to be on the brink. One small business owner said their glass jar costs had tripled in the past month due to the tariffs, forcing them to rethink their entire packaging strategy at a time when cash flow is already tight.
<h2 class="wp-block-heading">Market Disconnect</h2>
Some commenters pointed out that the stock market seems out of touch with what&#8217;s really happening in the economy. Wall Street continues to <a href="https://www.benzinga.com/markets/equities/25/05/45177116/wall-street-roars-back-from-april-tariff-sell-off-which-sectors-are-still-underwater">rally on optimistic headlines</a> about potential U.S.-China talks, so the market is essentially floating on "hopium," disconnected from the <a href="https://www.benzinga.com/25/05/45273459/no-trump-shuts-down-tariff-rollback-buzz-ahead-of-china-talks">harsh reality</a> on the ground. As one commenter put it, "The entire market is floated on hopium, zero basis in reality."
With new tariffs hitting so many corners of the economy, it's becoming increasingly evident that the impacts won't be short-lived. From warehouse slowdowns to broader supply chain disruptions, the strain is starting to show across multiple sectors.
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<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.30/share with a $1000 minimum.</a></li>
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Image: Shutterstock

'This Is Bad. Like Actually Bad'—A Man Describes The Crisis At A Big Fulfillment Warehouse: Tariffs Are Hitting Way Harder Than We Thought

As the weekend wraps up, we reflect on a week filled with intriguing developments in the tech and finance world. From the potential disruption of search engine giants to the call for artificial intelligence education by leading CEOs, the week was anything but dull. Let&#8217;s dive into the top stories that made headlines.
1. AI Threatens to Disrupt Search Giants
The week kicked off with news of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) stocks taking a hit. This came after reports that Apple is considering alternatives to its profitable search partnership with Google. The twist in the tale? The potential disruptor is none other than artificial intelligence. Apple&#8217;s Senior Vice President of Services, Eddy Cue, revealed during a U.S. antitrust trial that the company is actively exploring the integration of an AI-powered search engine into Safari. 
<a href="https://www.benzinga.com/markets/equities/25/05/45277969/ai-is-eating-search-google-rival-perplexity-ceo-arvind-srinivas-says-as-dan-nile-predicts-agents-to-take-future-share-amid-alphabet-apple-stock-fall">Read the full article here.</a>
2. CEOs Advocate for AI Education
In a remarkable show of unity, over 250 CEOs from Fortune 500 companies, including Satya Nadella, Michael Dell, Lisa Su, and Alex Karp, have urged state education leaders and policymakers to prioritize AI and computer science education for all K-12 students. This call to action was part of Unlock8, a national campaign led by Code.org and CSforALL. 
<a href="https://www.benzinga.com/25/05/45284261/satya-nadella-michael-dell-lisa-su-alex-karp-among-250-ceos-demanding-ai-education-for-all-k-12-students-in-open-letter-the-united-states-is-falling-behind">Read the full article here.</a>
See Also: <a href="https://benzinga.com/tech/25/05/45316899/tesla-fired-this-employee-for-creating-website-that-criticized-the-billionaire-elon-musk-report" target="_blank" rel="noreferrer noopener">Tesla Fired Employee Who Created Website Criticizing Billionaire Elon Musk: Report</a>
3. Palantir Stock Takes a Hit
Despite reporting better-than-expected earnings, Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) saw its stock tumble by 9.25% in after-hours trading. Analysts remain divided on the future of Palantir, with some remaining bullish while others express concerns about a lack of institutional interest. 
<a href="https://www.benzinga.com/25/05/45213810/palantir-stock-drops-925-after-earnings-beat-dan-ives-stays-bullish-but-jefferies-brent-thill-says-institutions-still-arent-interested">Read the full article here.</a>
4. SMCI Forecasts Strong Q4 Revenue
Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) issued a strong fourth-quarter revenue outlook, despite third-quarter revenue falling short of initial forecasts. The company expects a surge in demand for AI infrastructure solutions, particularly those powered by Nvidia Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Blackwell GPUs. 
<a href="https://www.benzinga.com/25/05/45245696/smci-issues-strong-q4-revenue-outlook-expects-nvidias-blackwell-to-fuel-growth">Read the full article here.</a>
5. AMD&#8217;s Market Position Strongest Ever, Says Analyst
Nvidia rival Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) reported better-than-expected quarterly results, with CEO Lisa Su calling it an &#8220;outstanding start to 2025.&#8221; Analysts have highlighted AMD&#8217;s market share gains as one of the strongest in the computing markets, recommending the stock&#8217;s near-term price weakness as a buying opportunity.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45264199/amd-market-position-is-the-best-in-the-companys-history-says-analyst">Read the full article here.</a>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://benzinga.com/25/05/45316899/elon-musks-tesla-fired-this-employee-for-creating-website-that-criticized-the-billionaire-report" target="_blank" rel="noreferrer noopener">Tesla Fired This Employee For Creating A Website That Criticized The Billionaire Elon Musk: Report</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Tech

AAPL

GOOG

GOOGL

NVDA

PLTR

SMCI

AI Threatens To Disrupt Search Giants, Nvidia Rival AMD's Market Position Strongest Ever And More: This Week In Artificial Intelligence

President&nbsp;Donald Trump&nbsp;said he would consider pushing back the June 19 deadline for ByteDance to sell TikTok&#8216;s U.S. operations&nbsp;if&nbsp;a deal is not finalized&nbsp;in time. This marks the third time he&#8217;s granted a reprieve to the short video app <a target="_blank" href="https://www.benzinga.com/markets/25/05/45187434/trump-open-to-extending-tiktok-deadline-says-he-has-warm-spot-for-the-app" rel="noreferrer noopener">used by over 170 million Americans</a>.
The&nbsp;Donald Trump&nbsp;administration is planning to terminate the Energy Star program, which certifies <a target="_blank" href="https://www.benzinga.com/general/25/05/45245867/trump-administration-plans-to-end-energy-star-program-that-helped-americans-save-500-billion-in-energy-costs-report" rel="noreferrer noopener">energy-efficient home appliances</a>.
Earnings Release
Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) reported fourth-quarter&nbsp;earnings of&nbsp;$1.58&nbsp;per share, which beat the analyst consensus estimate of&nbsp;$1.09. Quarterly revenue clocked in at $1.8 billion, beating the <a target="_blank" href="https://www.benzinga.com/general/gaming/25/05/45238060/electronic-arts-stock-climbs-after-better-than-expected-q4-report" rel="noreferrer noopener">consensus estimate of&nbsp;$1.56 billion</a>.
Technology
The U.S. Department of Justice proposed that&nbsp;Google, owned by&nbsp;Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), be&nbsp;required to divest two major&nbsp;components of its advertising empire: the&nbsp;AdX&nbsp;advertising exchange and the&nbsp;DoubleClick <a target="_blank" href="https://www.benzinga.com/25/05/45215631/google-faces-potential-ad-business-split-as-doj-pushes-for-adx-and-dfp-divestiture" rel="noreferrer noopener">for Publishers</a><a target="_blank" href="https://www.benzinga.com/25/05/45215631/google-faces-potential-ad-business-split-as-doj-pushes-for-adx-and-dfp-divestiture" rel="noreferrer noopener">&nbsp;(DFP) ad server</a>.
Warren Buffett, 94, announced that he plans to step down as CEO of Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) by the end of the year, bringing to a close one of the most celebrated <a target="_blank" href="https://www.benzinga.com/25/05/45187070/warren-buffett-retires-after-decades-of-dominancefrom-tim-cook-to-mark-cuban-worlds-top-business-leaders-react-to-the-investment-icons-exit" rel="noreferrer noopener">careers in corporate America</a>.
Microsoft Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is officially shutting down Skype after more than two decades of service, encouraging users to migrate to&nbsp;Microsoft Teams, its modern <a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45187948/skype-is-officially-retiring-today-if-youd-invested-1000-when-microsoft-bought-it-in-2011-heres-what-youd-be-sitting-on-now" rel="noreferrer noopener">communication and collaboration platform</a>.
Microsoft co-founder&nbsp;Bill Gates&nbsp;spoke about the disruption in international climate cooperation in the wake of <a target="_blank" href="https://www.benzinga.com/media/25/05/45216185/bill-gates-says-trumps-climate-rollbacks-may-have-slowed-progress-but-microsoft-co-founder-doesnt-think-thats-a-permanent-thing-as-americas-commitment-to-clean-energy" rel="noreferrer noopener">President&nbsp;</a><a target="_blank" href="https://www.benzinga.com/media/25/05/45216185/bill-gates-says-trumps-climate-rollbacks-may-have-slowed-progress-but-microsoft-co-founder-doesnt-think-thats-a-permanent-thing-as-americas-commitment-to-clean-energy" rel="noreferrer noopener">Donald Trump</a><a target="_blank" href="https://www.benzinga.com/media/25/05/45216185/bill-gates-says-trumps-climate-rollbacks-may-have-slowed-progress-but-microsoft-co-founder-doesnt-think-thats-a-permanent-thing-as-americas-commitment-to-clean-energy" rel="noreferrer noopener">&#8216;s campaign</a>.
Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO&nbsp;Mark Zuckerberg&nbsp;has become the world&#8217;s second-richest person, overtaking&nbsp;Amazon.com, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) <a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45213068/mark-zuckerberg-overtakes-jeff-bezos-to-become-worlds-second-richest-person-as-meta-stock-soars" rel="noreferrer noopener">founder&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45213068/mark-zuckerberg-overtakes-jeff-bezos-to-become-worlds-second-richest-person-as-meta-stock-soars" rel="noreferrer noopener">Jeff Bezos</a>.
Meta-owned&nbsp;WhatsApp&nbsp;has secured a $168 million jury verdict against&nbsp;NSO Group, the Israeli firm behind the controversial&nbsp;Pegasus&nbsp;spyware, <a target="_blank" href="https://www.benzinga.com/25/05/45245661/metas-whatsapp-wins-168-million-verdict-against-pegasus-spyware-maker-nso-group-for-2019-hack" rel="noreferrer noopener">over a 2019 hacking incident</a>.
Smartphones
Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly planning a significant shift in its iPhone release strategy, beginning with the&nbsp;<a target="_blank" href="https://www.benzinga.com/media/25/05/45187563/apple-plans-major-iphone-launch-overhaul-with-biannual-release-schedule-starting-2026-report" rel="noreferrer noopener">iPhone 18</a><a target="_blank" href="https://www.benzinga.com/media/25/05/45187563/apple-plans-major-iphone-launch-overhaul-with-biannual-release-schedule-starting-2026-report" rel="noreferrer noopener">&nbsp;series in 2026</a>.
Apple has expressed apprehension over the potential financial consequences of a contempt ruling in favor of&nbsp;Epic Games. The tech giant has warned that this <a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45277610/apple-warns-of-hundreds-of-millions-to-billions-dollar-losses-over-epic-games-ruling-seeks-stay-amid-app-store-shakeup" rel="noreferrer noopener">ruling could lead to "substantial" financial losses</a>.
Automobiles &amp; Semiconductors
Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) reportedly has over 10,000 units of the Cybertruck in its domestic inventory as the company grapples with poor sales and <a target="_blank" href="https://www.benzinga.com/markets/25/05/45216453/tesla-has-over-10000-units-of-unsold-cybertrucks-in-its-us-inventory-amid-poor-sales-report" rel="noreferrer noopener">an aging line-up of vehicles</a>.
Tesla will no longer sell the range extender battery pack for its Cybertruck. The range extender would have let the <a target="_blank" href="https://www.benzinga.com/25/05/45281224/tesla-ditches-16000-cybertruck-range-extender-as-sales-dwindle-in-the-us" rel="noreferrer noopener">vehicle achieve a range of over 500 miles</a>.
Future Fund LLC&#8216;s&nbsp;Gary Black&nbsp;criticized&nbsp;Elon Musk&#8216;s EV giant&nbsp;Tesla over the company&#8217;s lack of<a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45252004/gary-black-says-tesla-should-be-educating-non-ev-owners-as-market-leader-tsla-never-acted-like-a-true" rel="noreferrer noopener"> communication and poor marketing strategy</a>.
ARM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) executives reassured investors that the company's business model protects it from direct tariff impacts amid growing U.S.-China trade tensions, according to its <a target="_blank" href="https://www.benzinga.com/25/05/45277764/arm-says-tariffs-cant-touch-its-business-as-ai-boom-fuels-record-revenue-cant-run-ai-without-arm-ceo-rene-haas-says" rel="noreferrer noopener">fourth quarter of 2025 earnings call</a>.
Artificial Intelligence (AI)
ChatGPT-parent&nbsp;OpenAI&nbsp;said that it will retain its nonprofit parent&#8217;s control over&nbsp;its for-profit operations, scaling back a plan to transition fully to a public benefit corporation amid mounting <a target="_blank" href="https://www.benzinga.com/markets/25/05/45213089/openai-reverses-course-as-sam-altman-says-nonprofit-will-remain-in-control-amid-elon-musks-lawsuit-and-investor-pushback" rel="noreferrer noopener">legal pressure and investor concerns</a>.
OpenAI&nbsp;reportedly plans to cut the share of revenue it pays to&nbsp;Microsoft by at least half <a target="_blank" href="https://www.benzinga.com/25/05/45244190/microsoft-faces-fresh-revenue-hit-as-openai-plans-to-reduce-payouts-by-2030-report" rel="noreferrer noopener">by the end of the decade</a>.
OpenAI&nbsp;is reportedly negotiating with a senior technology executive to <a target="_blank" href="https://www.benzinga.com/media/25/05/45276129/openai-reportedly-reshaping-leadership-taps-senior-executive-to-run-divisions-beyond-sam-altmans-ai-focus" rel="noreferrer noopener">take on a major leadership role</a>.

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Consumer Tech News (May 5-May 9): Google Faces Divestiture Demand From US DoJ, Microsoft Pulls Plug On Skype, Tesla Axes Cybertruck Range Extender & More

Business professor Scott Galloway's viral call to deny Social Security checks to the wealthiest retirees — "a $1.2 trillion transfer from young people … to the wealthiest generation in history," he says — has reignited a decades-old debate over "means testing."
<h4 class="wp-block-heading">What Galloway Proposes</h4>
On his "Prof G" podcast the NYU professor argued that 10%–30% of affluent seniors should <a href="https://www.benzinga.com/personal-finance/25/02/44057450/scott-galloway-urges-means-testing-for-social-security-i-make-16m-a-year-i-shouldnt-get-a-check?utm_source=chatgpt.com">forfeit benefits</a> because "current workers fund the checks." He framed Social Security as an "uphill wealth transfer," adding, "Every year we effect a $1.2 trillion transfer from young people … to the wealthiest generation in history." According to MSNBC&#8217;s Ryan Teague Beckwith, the idea, long known as <a href="https://www.msnbc.com/top-stories/latest/social-security-scott-galloway-project-47-rcna205591">means testing</a>, resurfaces whenever Congress confronts the program's 2034 solvency deadline.
See also: <a href="https://www.benzinga.com/25/05/45313302/melinda-french-gates-calls-200-billion-gates-foundation-endowment-fantastic-pledges-personal-funds-for-gender-equality-ready-to-set-more-of-an-agenda-here-in-the-united-states">Melinda French Gates Calls $200 Billion Gates Foundation Endowment For Global Health &#8216;Fantastic,&#8217; Pledges Personal Funds For Gender Equality: &#8216;&#8230;Ready To Set More Of An Agenda Here In The United States&#8217;</a>
<h4 class="wp-block-heading">Why Analysts Push Back</h4>
Social Security's administrative tab has stayed below 1% of total outlays since 1989, just 0.5% last year, precisely because every worker and retiree is treated the same. Adding income screens would require new paperwork, audits and appeals. The program's near-universal popularity — 79% of Americans oppose any benefit cuts — also stems from that universality, pollsters tell Pew Research. 
<h4 class="wp-block-heading">Perverse Incentives</h4>
Research by the Center on Budget and Policy Priorities on existing clawbacks shows some seniors already dial down work to avoid earnings cliffs, and broader means testing could magnify that distortion. Analysts argue that eroding worker-benefit symmetry would "destroy the political logic" that kept the program safe for 90 years.
<h4 class="wp-block-heading">The Second-Best Reality</h4>
The Social Security program's universal, earned-benefit ethos helps shield it from political attacks: a 2017 poll commissioned by the National Committee, 79% of likely voters (including Democrats, Republicans and Independents) favor boosting benefits while having wealthier Americans pay in at the same rate as lower earners — making it, in political terms, the least-bad option.
Image via Shutterstock
Read next: <a href="https://www.benzinga.com/general/health-care/25/05/45222153/social-security-halves-overpayment-clawbacks-after-outcry-but-advocates-say-50-cut-still-stings">Social Security Halves Overpayment Clawbacks After Outcry, But Advocates Say 50% Cut Still Stings</a>

Financial Advisors

Scott Galloway Wants To Cut Checks For Rich Retirees But Critics Say His 'Fix' Could Break Social Security

The past week has been a whirlwind of political and business news. From President Donald Trump&#8216;s personal calls to CEOs to an attempted assassination of Treasury Secretary Scott Bessent, there&#8217;s a lot to unpack. Let&#8217;s dive into the top stories of the week.
Trump&#8217;s Direct Line to CEOs
President Donald Trump has taken a hands-on approach to dealing with CEOs who make business decisions he disagrees with. A recent example was his call to Amazon&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder, Jeff Bezos, regarding planned tariff disclosures on the e-commerce giant&#8217;s site. Trump recounted the call during an interview on NBC&#8217;s &#8220;Meet the Press,&#8221; where he shared that Bezos immediately dropped the idea after their conversation. 
<a href="https://www.benzinga.com/politics/25/05/45193684/donaldtrump-vows-to-call-up-ceos-who-make-business-moves-that-displease-him-explains-why-he-phoned-jeffb">Read the full article here.</a>
Attempted Assassination of Scott Bessent
A Massachusetts man, Ryan English, has been arrested and charged with the attempted assassination of Treasury Secretary Scott Bessent. English was apprehended on Capitol grounds, armed with two Molotov cocktails and a knife. The Department of Justice revealed that English had originally planned to target Mike Johnson and Pete Hegseth. 
<a href="https://www.benzinga.com/25/05/45306673/scott-bessent-attempted-assassination-charged-massachusetts-man-originally-planned-to-target-mike-johnson-and-pet">Read the full article here.</a>
See Also: <a href="https://benzinga.com/news/25/03/44211508/mark-cuban-once-questioned-whether-donald-trump-is-really-a-billionaire" target="_blank" rel="noreferrer noopener">Mark Cuban Once Questioned Whether Donald Trump Is Really a Billionaire, Here's What He Said &#8211; Benzinga</a>
Rep. Marjorie Taylor Greene&#8217;s Frustration
Rep. Marjorie Taylor Greene (R-Ga.) has expressed her dissatisfaction with the current direction of U.S. foreign and domestic policies. In a post on X, she voiced concerns about the U.S.&#8217;s potential involvement in a war with Iran and the recent U.S.-Ukraine minerals deal. She also criticized the Trump administration for becoming disconnected from its base. 
<a href="https://www.benzinga.com/news/25/05/45188098/rep-marjorie-taylor-greene-frustrated-and-upset-with-the-trump-administration-questions-us-foreign-policy-yo">Read the full article here.</a>
JD Vance Criticizes Jerome Powell
Vice President JD Vance has openly criticized Federal Reserve Chair Jerome Powell for his handling of economic issues. During an interview with Fox News, Vance echoed President Trump&#8217;s criticisms, labeling Powell as a "nice guy" but wrong about almost everything, particularly concerning inflation and trade agreements. 
<a href="https://www.benzinga.com/25/05/45307792/jd-vance-says-trump-is-right-about-jerome-powell-the-fed-chair-a-nice-guy-but-wrong-about-almost-everything">Read the full article here.</a>
GOP Warns Against Staff Cuts at Social Security
House Republicans have warned newly confirmed Social Security Administration Commissioner Frank Bisignano against further staff reductions. In a letter led by Rep. Nicole Malliotakis (R-NY), the GOP emphasized that while government efficiency is important, it should not come at the expense of Americans who depend on Social Security benefits. 
<a href="https://www.benzinga.com/news/25/05/45281537/gop-warns-trump-appointed-social-security-chief-frank-bisignano-against-further-staff-cuts-citing-risks-to-s">Read the full article here.</a>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://benzinga.com/25/05/45306673/scott-bessent-attempted-assassination-charged-massachusetts-man-originally-planned-to-target-mike-johnson-and-pet" target="_blank" rel="noreferrer noopener">Scott Bessent Attempted Assassination: Charged Massachusetts Man Originally Planned To Target Mike Johnson And Pete Hegseth</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Politics

Marjorie Taylor Greene 'Frustrated And Upset' With Team Trump, Attempted Assassination Of Scott Bessent, JD Vance Slams Jerome Powell And More: Top Political Updates

<a href="https://truthsocial.com/@realDonaldTrump/114487190752990599">https://truthsocial.com/@realDonaldTrump/114487190752990599</a>
<a href="https://truthsocial.com/@realDonaldTrump/114483405683675564" title="https://truthsocial.com/@realDonaldTrump/114483405683675564">https://truthsocial.com/@realDonaldTrump/114483405683675564</a>
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Macro Economic Events

INDA

President Trump On Saturday Announced Ceasefire Between India and Pakistan; Said "will work with you both to see if, after a "thousand years," a solution can be arrived at concerning Kashmir."

Elon Musk&#8216;s previous comments on immigrants and entitlement programs were fact-checked by experts while also drawing a comprehensive response from an economics professor.
What Happened: Musk, during an interview in March with Fox Business Network, made contentious remarks suggesting that eradicating waste and fraud in entitlement spending could save between $600 billion and $700 billion each year.
He further alleged that Democrats lure and keep illegal immigrants by paying them to come to the U.S., thereby converting them into voters. These comments sparked a reaction from Geoffrey Sanzenbacher, who felt compelled to issue a <a href="https://crr.bc.edu/the-truth-about-immigrants-medicare-and-social-security/">formal response</a>.
Notably, he did not mention Musk&#8217;s name but referred to him as a &#8220;prominent car manufacturer and space enthusiast.&#8221;
Sanzenbacher, an economics professor and research fellow at Boston College&#8216;s Center for Retirement Research, gave a response based on two premises. Firstly, he stated that unauthorized immigrants are ineligible for Medicare and Social Security benefits.
His research shows little evidence of fraud, and many unauthorized immigrants contribute payroll taxes without receiving benefits, thus supporting the financial stability of these programs.
Second, Sanzenbacher addressed how increasing authorized immigration could impact the financial health of Social Security and Medicare. Research shows that immigrants are generally net contributors to these programs—they pay taxes into the system, their children become participants, and they typically incur lower healthcare costs than U.S.-born individuals.
SEE ALSO:&nbsp;<a href="https://benzinga.com/general/health-care/25/05/45246462/trump-administration-quietly-disbands-key-infection-control-committee-weeks-before-notifying-" target="_blank" rel="noreferrer noopener">Trump Administration Quietly Disbands Key Infection Control Committee Weeks Before Notifying Members, Halting Updates To National Health Guidelines Amid Rising Disease Threats</a>
Why It Matters:&nbsp;Musk&#8217;s comments on <a href="https://www.benzinga.com/25/03/44384003/elon-musk-says-democrats-are-paying-illegal-immigrants-through-entitlement-spending-experts-say-hes-wrong">entitlement programs</a> and immigration have been a subject of controversy and debate. It drew sharp criticism from experts like the SSA Inspector General and the SSA head under the Biden administration.
In February 2025, Musk also sparked a debate on Social Security <a href="https://www.benzinga.com/news/25/02/43774570/elon-musk-sparks-debate-on-social-security-data-after-report-finds-millions-of-alive-centenarians-in-america">data accuracy</a>. He has been vocal about inefficiencies in federal spending, criticizing the Treasury&#8217;s payment system and suggesting that it results in over $2 trillion <a href="https://www.benzinga.com/personal-finance/25/03/44328962/1-9-billion-federal-scam-2-trillion-in-federal-waste-the-latest-findings-from-doge-as-elon-musk-says-money-is-poorly-spent">in waste</a> each year.
While Sanzenbacher stated that he does not endorse unrestricted immigration due to potential impacts on wages and labor shortages, he refutes the idea that immigrants come to the U.S. to exploit entitlements, stating, &#8220;If&nbsp;anything, these programs take advantage&nbsp;of them.&#8221;
The economics professor also called Musk&#8217;s argument about immigrants taking advantage of these systems &#8220;complete fiction.&#8221;
READ MORE:
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<li><a href="https://benzinga.com/25/05/45244989/lucid-group-q1-2025-earnings-tesla-rival-announces-58-increase-in-deliveries-plans-to-introduce-a-mid-size-platfo" target="_blank" rel="noreferrer noopener">Tesla-Rival Lucid Announces 58% Increase In Deliveries, Plans To Introduce Mid-Size Platform In 2026</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.

Elon Musk Got Schooled By An Economics Professor Over His Remarks On Medicare, Social Security As Immigration Lure: 'Complete Fiction'

<a href="https://truthsocial.com/@realDonaldTrump/114486066663976973" title="https://truthsocial.com/@realDonaldTrump/114486066663976973">https://truthsocial.com/@realDonaldTrump/114486066663976973</a>

President Trump In Truth Social Post On Saturday Said "A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner..."

This week brought a flurry of activity to the cryptocurrency market. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) breached the $100,000 milestone, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) also saw significant gains. Meanwhile, former White House Communications Director Anthony Scaramucci shared his thoughts on President Donald Trump&#8216;s foray into the crypto world, and Dogecoin hinted at a potential trend reversal. Here&#8217;s a closer look at these stories.
Bitcoin Nears $104,000 &#8211; The cryptocurrency market experienced a sharp rally on Thursday following a trade deal between the Trump administration and the United Kingdom. Bitcoin, the leading cryptocurrency, nearly hit $104,000 in a volatile trading session, marking a significant increase from its three-month wait at the $100,000 milestone. Trading volume for the cryptocurrency also rose by 59% in the last 24 hours. <a href="https://www.benzinga.com/25/05/45308288/bitcoin-closing-in-on-104000-ethereum-dogecoin-rally-on-trade-deal-optimism-analytics-firm-highlights-the-double-edged-sword-amid-bullish-sentiment">Read the full article here.</a>
Scaramucci Grades Trump&#8217;s Crypto Moves &#8211; Anthony Scaramucci, former White House Communications Director, expressed concern over President Trump&#8217;s increasing involvement in the cryptocurrency industry. Speaking at the Financial Times Digital Asset Summit, Scaramucci criticized Trump-related crypto ventures, including a Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based meme coin and a stablecoin backed by his son Eric Trump, as potential distractions that could hinder the development of sound digital asset policies. <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45253032/anthony-scaramucci-gives-donald-trump-b-or-a-on-crypto-but-warns-presidential-meme-coin-de">Read the full article here.</a>
See Also: <a href="https://benzinga.com/markets/cryptocurrency/25/05/45282706/bitcoin-close-to-100000-ethereum-xrp-dogecoin-pump-as-trump-touts-trade-deal-with-the-uk" target="_blank" rel="noreferrer noopener">Bitcoin Close To $100,000, Ethereum, XRP, Dogecoin Pump As Trump Touts Trade Deal With The UK &#8211; Benzinga</a>
Dogecoin Teases Trend Reversal &#8211; After a period of relatively quiet price action, Dogecoin may be preparing for a trend reversal. Crypto trader Trader Tardigrade identified a potential &#8220;Diamond Bottom&#8221; pattern on the daily chart, a classic signal of a downtrend ending and an uptrend beginning. <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45233324/dogecoin-teases-diamond-bottom-reversal-is-a-breakout-imminent">Read the full article here.</a>
MARA Holdings Reports Drop in Bitcoin Production &#8211; Shares of MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) traded lower after the company reported a 15% month-over-month decrease in Bitcoin mining in April. The company mined 705 Bitcoin in April, down from 829 in March and slightly lower than the 706 Bitcoin produced in February. <a href="https://www.benzinga.com/25/05/45193859/mara-holdings-says-bitcoin-production-fell-15-last-month-shares-move-lower-with-earnings-on-the-horizon-whats-going-on">Read the full article here.</a>
Buffett&#8217;s Berkshire vs. Bitcoin &#8211; Warren Buffett, who recently announced his retirement as CEO of Berkshire Hathaway Inc., has built a significant investment legacy over the years. However, Bitcoin, the asset he once referred to as &#8216;rat poison,&#8217; has delivered returns at a faster rate than Berkshire Hathaway since its listing. <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45280752/warren-buffetts-berkshire-delivered-a-16000-gain-since-listing-but-bitcoin-the-asset-he-called-rat-poison-turned-pennies-into-fortunes-faster">Read the full article here.</a>
Read Next: <a href="https://benzinga.com/markets/cryptocurrency/25/05/45316050/bitcoin-ethereum-xrp-dogecoin-lead-crypto-rally" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Continue Surging &#8211; Benzinga</a>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

$ETH

$SOL

MARA

Anthony Scaramucci On Trump's Crypto Moves, Bitcoin Nears $104K And More: This Week In Crypto

Shoppers could soon find empty shelves just as summer kicks into high gear. Retailers are facing dwindling inventories, with only 6–8 weeks of supply left, according to the<a href="https://www.washingtonpost.com/opinions/2025/04/29/trump-china-tariffs-damage"> Washington Post.</a>
"Things will become scarce during the big summer holidays," Rita McGrath, a management professor at Columbia Business School, told the <a href="https://nypost.com/2025/04/21/business/mom-and-pop-business-face-highest-risk-of-shortages-from-trump-trade-war-with-china-with-possibility-of-empty-shelves-by-summer/">New York Post</a> in an interview last month.&nbsp;&nbsp;
<h2 class="wp-block-heading">Tariffs Set Off Shipping Freefall</h2>
In late April, importers scrambled to get goods into the country ahead of new tariffs announced by President Donald Trump's administration.&nbsp;
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On April 2, <a href="https://www.youtube.com/watch?v=riXtBAi5Kk4">Trump announced</a> a 54% tariff targeting Chinese imports, before sharply increasing it to 145% on April 9. The short 90-day delay in implementation was granted to key trading partners—including Canada, Mexico, and the European Union—but not to China—putting major pressure on American importers relying on Chinese goods.
According to <a href="https://www.vizionapi.com/blog/tariff-shockwave-us-import-bookings-collapse-after-q1-surge">Vizion</a>, an API-based shipment tracking platform, bookings from China to the U.S. fell by 44.49% year-over-year for the week of April 14. This sudden decrease has resulted in numerous &#8220;blank sailings,&#8221; where scheduled cargo ships are canceled due to lack of demand.
<h2 class="wp-block-heading">Small Retailers Brace For Inventory Crunch</h2>
Jonathan Gold, vice president for supply chain and customs policy at the National Retail Federation,&nbsp; said in an <a href="https://nrf.com/media-center/press-releases/import-cargo-levels-to-drop-sharply-amid-new-tariffs-and-uncertainty">April 9 statement</a> that small- and medium-sized retailers would be the first to face inventory shortages. "Small businesses, in particular, could be hit hardest as tariffs continue rattling global supply chains," he said.
Trending: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
Descartes, a provider of logistics and supply chain management solutions, <a href="https://www.descartes.com/resources/knowledge-center/global-shipping-report-strong-march-imports-despite-escalating-tariffs">reported in March</a>, that China accounted for 32% of U.S. container imports, with top categories including furniture, plastics, and bedding. China&#8217;s <a href="https://www.descartes.com/resources/knowledge-center/global-shipping-report-july-2024-us-container-imports-break-2.5m-TEU-mark">share in July was 40%</a>, with consumer-oriented goods like furniture and plastics leading the imports.
Up to 80% of businesses that rely on Chinese imports could face bankruptcy under the new tariff structure, warned Flexport CEO Ryan Petersen during an appearance on "<a href="https://www.youtube.com/watch?v=-dgHWv-Dh6Q">The Prof G Pod" </a>with Scott Galloway.
<h2 class="wp-block-heading">Blank Sailings Surge As Imports Stall</h2>
Shipping companies are slashing departures. The <a href="https://www.joc.com/article/trans-pacific-blank-sailings-set-to-rise-after-china-bookings-drop-sharply-5984166">Journal of Commerce</a> reported on April 21 that blank sailings were set to spike as orders dry up. Freight company HLS Group also logged at least 80 canceled sailings from China.
See Also: <a href="https://www.benzinga.com/money/mark-cubans-advice-for-lotto-winners">Many are surprised by Mark Cuban's advice for lotto winners: Cash or annuity?</a>
<h2 class="wp-block-heading">Shoppers Could See Shortages Soon</h2>
The ripple effects may be felt quickly. The <a href="https://nypost.com/2025/04/21/business/mom-and-pop-business-face-highest-risk-of-shortages-from-trump-trade-war-with-china-with-possibility-of-empty-shelves-by-summer/">New York Post</a> reported McGrath predicted shortages could surface within weeks for goods that cannot be stockpiled, like seasonal products.&nbsp;
In a February interview with <a href="https://www.logisticsmgmt.com/article/qa_anne_reinke_president_ceo_of_the_intermodal_association_of_north_america">Logistics Management</a>, Anne Reinke, president of the Intermodal Association of North America, warned that while recent tariff reprieves may ease pressure temporarily, they won&#8217;t prevent looming supply disruptions across the intermodal network.
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<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.30/share with a $1000 minimum.</a></li>
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'Things Will Become Scarce During The Big Summer Holidays' – What Experts Say Is Coming With 8 Weeks Of Supply Left

You've heard the saying: all press is good press. It's a favorite line in Hollywood, politics—and apparently, Silicon Valley boardrooms. Fortunately, Elon Musk seems to agree. The <a href="https://www.benzinga.com/startups/25/01/43101102/elon-musk-the-richest-man-in-the-world-is-estimated-to-earn-over-23-million-every-single-hour-of-the-day-heres-how-hes-spending-it">world's richest man</a> has never been one to sweat the headlines, even when they've taken aim at Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
And lately, they've been taking aim a lot.
But if Musk is rattled, he's not showing it. In fact, he's been through worse—and came out smiling.
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In a <a href="https://youtu.be/u5w_VkAx6tc?si=Y-FiPNEMfw6t5DE8">2022 interview with "Tesla Owners Silicon Valley"</a>, Musk reflected on years of relentless bad press. He recalled that from around 2017 through 2019, the media ran a "non-stop hate stream." "It was like, hate. Like Tesla's a fraud. Tesla's a failure. Fraudulent failure." Then he added, "I remember… for like three years straight the headlines would just be trashing Tesla all over and over and over again. And our sales went up."
"So I guess keep trashing us," he added. "At the end of the day, people were like, ‘Oh yeah, I just kept reading about Tesla. I can't remember what the article was about, but I know I <a href="https://www.benzinga.com/markets/equities/25/03/44414187/elon-musks-tesla-recalls-over-46000-cybertrucks-due-to-safety-concerns">read about Tesla 17 times</a>.' He acknowledged there's "some truth" to the old saying that "all press is good press."
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Tesla has faced a rough 2025. On March 10, its shares plunged 15%, marking its worst single-day performance since September 2020. This sharp fall wiped out over $800 billion in market capitalization from Tesla's December peak.&nbsp;
Sales have slumped and Musk's political controversies—have sparked protests and <a href="https://www.benzinga.com/news/25/03/44550250/elon-musks-father-says-tesla-vandalism-and-protests-are-just-free-publicity-claims-all-the-stocks-have-come-down-not-just-tesla">even vandalism at Tesla dealerships</a>. To top it off, rumors swirled that Tesla's board wanted Musk replaced, although Musk and the board quickly <a href="https://x.com/Tesla/status/1917812113315074055">shut those down as "absolutely false."</a>
Musk, regardless, is determined not to fail. Back <a href="https://youtu.be/23GzpbNUyI4?si=URDV-gyQH-0gtR3w">in a 2012 "60 Minutes" interview</a>, when asked about overcoming failures, he famously said: "I don't ever give up. I'd have to be dead or completely incapacitated."
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Today, despite sagging numbers, Tesla's stock did climb from the recent lows. Investors are betting on a turnaround—and Musk has pledged to focus more on Tesla moving forward.
It's a familiar story in Musk's entrepreneurial playbook: critics pile on, markets wobble, and Musk doubles down. Whether it's building rockets, boring tunnels, or selling electric cars, he's thrived on defying expectations. Even if those expectations come wrapped in negative headlines.
As Musk himself put it, bad press might just keep the brand in the spotlight. Keep the stories coming. Musk's not giving up—and he's betting Tesla's customers won't either.
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Elon Musk Says For 3 Years Straight, Headlines Would 'Trash' Tesla And Sales Went Up But All Press Is Good Press — 'So I Guess Keep Trashing Us'

It must be one of the great ironies of wealth: the richer you are, the more free stuff you get. Celebrities get gifting suites. Athletes get free gear. And billionaires? Apparently, <a href="https://www.benzinga.com/personal-finance/25/04/45056962/bill-gates-says-hes-happier-as-a-billionaire-than-if-he-were-middle-class-you-dont-need-a-billionbut-freedom-from-worry-is-a-blessing">they get free Big Macs</a>.
That's right—Bill Gates, <a href="https://www.forbes.com/real-time-billionaires/">worth well over $100 billion</a>, has a McDonald's "gold card" granting him free meals for life anywhere in the world. And while it may sound like a recent social media stunt, the story behind Gates' golden ticket actually stretches back almost two decades—and involves his good friend, Warren Buffett.
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We likely first heard about these elusive McDonald's cards in 2007, when Buffett casually revealed his own <a href="https://www.cnbc.com/2007/10/29/whats-in-warren-buffetts-wallet.html">during a CNBC interview</a>. Pulling out his wallet, the Berkshire Hathaway CEO flashed his McGold card and joked, "Bill Gates has one. His is good throughout the world, I guess. Mine is only good in Omaha, but I never leave Omaha so mine is just as good as his!"
Buffett, a well-documented McDonald's enthusiast, is known for ordering sausage McMuffins for&nbsp; breakfast and "splurging" on bacon egg and cheese biscuits <a href="https://www.benzinga.com/personal-finance/24/10/41230382/warren-buffett-lets-the-stock-market-decide-his-mcdonalds-breakfast-order-when-its-up-he-spends-">when the market is up</a>. He didn't elaborate much more about the elusive card at the time. But the idea of billionaires eating for free sparked plenty of curiosity.
For years, Gates never publicly confirmed his McGold status. That changed in January, when he <a href="https://www.tiktok.com/t/ZTjDVkhT1/">appeared in a TikTok clip</a> with celebrity chef and social media star Nick DiGiovanni. In the lighthearted video, DiGiovanni asked, "Bill, is it true you have a McDonald's gold card?"
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Gates didn't just say yes—he whipped it out.
The card read:
"Be our guest Bill Gates — Entitled to a complimentary meal at any McDonald's"
Signed by Michael R. Quinlan, McDonald's Chairman and CEO during <a href="https://www.historyoasis.com/post/mcdonalds-ceo-history">the late 1980s and 1990s</a>. That little detail suggests Gates' card was issued somewhere between 1987 and 1999.
As for how he got it? Gates explained: "They actually sent it to me. My friend Warren Buffett got one before I did. But then a few months later, they sent one to me. But I tend not to use it since I can afford to buy the food."
Still, it's a lifelong perk, he added—and confirmed he's "a quarter pounder with cheese guy." When asked how many other golden cards might be floating around, Gates smiled and said, "Hopefully for them, not too many."
DiGiovanni tried his luck asking to borrow it, but Gates—clearly in a playful mood—declined, "Rules are pretty clear." Instead, he handed the chef a $50 gift certificate.
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As for the McGold cards themselves, their exact number remains a mystery. The few confirmed holders include Gates, Buffett, and actor Rob Lowe. Most cbards are hyper-local, valid only in specific cities or franchises. Gates' global pass makes his especially rare. McDonald's has occasionally offered McGold Cards through limited-time contests—most recently in December 2022, when a sweepstakes awarded twelve cards allowing winners two free meals a week for fifty years.
But for billionaires like Gates and Buffett, it seems the real value lies more in the novelty than the free fries. Gates even once told a <a href="https://news.mit.edu/2010/gates-visit-0422">2010 MIT audience</a>, "I still haven't found any burgers at any price that are better than McDonald's." He added that after a person reaches a certain net worth, adding more wealth "doesn't mean much. Success becomes all about how you're going to give it back."
So while Gates could dine at the fanciest restaurants on Earth, sometimes nothing beats the taste—or the nostalgia—of a simple cheeseburger. Apparently, even billionaires think the Golden Arches are golden for a reason.
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Billionaire Bill Gates Has A 'McGold Card' That Gives Him Free McDonald's Meals For Life, Anywhere In The World — But Says 'I Tend Not To Use It'

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