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Skillful Craftsman

Skillful Craftsman Education Technology Ltd provides online education and technology services in China. The services comprises of two aspects - Online vocational training and Virtual simulation experimental training. It covers a wide range of subjects, including mechanics, electronics, auto repair and construction. Majority of its revenues are generated from the People's Republic of China.

Skillful Craftsman Education Technology Limited - Ordinary Share

Skillful Craftsman Education Technology Ltd

In a recent post on Truth Social, President Donald Trump claimed that the United States played a significantly larger role in winning both World Wars than its allies.
What Happened: Trump stated on the Truth Social <a href="https://truthsocial.com/@realDonaldTrump/posts/114435902192931017">post</a>,&nbsp;&#8220;Many of our allies and&nbsp;friends are celebrating May 8th&nbsp;as Victory Day, but we&nbsp;did more than any other&nbsp;Country, by far, in producing&nbsp;a victorious result on World&nbsp;War II.&#8221;
The former President&#8217;s remarks have drawn criticism, with detractors arguing that they overlook the substantial sacrifices and pivotal roles played by other Allied nations including the Soviet Union and the United Kingdom.
Historians have highlighted that the victory in WWII was achieved through cooperation, shared sacrifice, and a multinational alliance.
Trump&#8217;s post, which garnered over&nbsp;14,000 likes on Truth Social,&nbsp;also suggested&nbsp;renaming May 8th as Victory&nbsp;Day for World War II&nbsp;and November 11th&nbsp;as Victory Day for World&nbsp;War I. 
Also Read: <a href="https://www.benzinga.com/news/25/05/45184463/donald-trumps-support-tanks-early-in-second-term-poll-numbers-paint-grim-picture">Donald Trump&#8217;s Support Tanks Early in Second Term — Poll Numbers Paint Grim Picture</a>
&#8220;I am hereby renaming May 8th as Victory Day for World War II and November 11th as Victory Day for World War I. We won both Wars, nobody was close to us in terms of strength, bravery, or military brilliance. We are going to start celebrating our victories again!&#8221; Trump said.
Critics caution that such rhetoric could potentially strain diplomatic relations and oversimplify a multifaceted global conflict.
Why It Matters:&nbsp;This is not the first&nbsp;instance of Trump&#8217;s remarks on history or alliances causing controversy. During his tenure as President, he often had disagreements&nbsp;with NATO leaders and accused&nbsp;allies of not fulfilling their defence spending obligations. 
His recent comments on WWII victory could potentially reignite debates on international alliances and the shared history of global conflicts. 
Read Next
<a href="https://www.benzinga.com/news/25/04/45027947/trumps-second-term-viewed-as-chaotic-and-scary-by-majority-of-voters" target="_blank" rel="noreferrer noopener">Trump's Second Term Viewed as ‘Chaotic' and ‘Scary' by Majority of Voters</a>

News

Politics

Donald Trump Downplays Allies' Roles in World Wars, Credits US for Victories: 'We Won Both Wars, Nobody Was Close To Us'

President Donald Trump says that his administration will strip Harvard University of its tax-exempt status, intensifying an <a href="https://www.benzinga.com/25/04/44804541/trump-administration-halts-2-2-billion-in-harvard-grants-after-university-says-dont-dictate-what-we-can-teach-or-who-we-admit" target="_blank" rel="noreferrer noopener">ongoing confrontation with the Ivy League institution</a>.
&#8220;We are going to be taking away Harvard&#8217;s Tax Exempt Status. It&#8217;s what they deserve,&#8221; Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/114437989795464761" target="_blank" rel="noreferrer noopener">posted</a> on X.
The move marks a significant escalation in his campaign to pressure elite universities over alleged discriminatory practices and campus unrest.
The president&#8217;s declaration follows weeks of growing tension between the administration and Harvard, which Trump has accused of harboring antisemitism and violating the public interest, <a href="https://www.cnbc.com/2025/05/02/trump-harvard-tax-exempt-revoke.html" target="_blank" rel="noreferrer noopener">reports</a> CNBC.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/25/05/45183831/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-63" rel="noreferrer noopener">Benzinga&#8217;s &#8216;Stock Whisper&#8217; Index: 5 Stocks Investors Secretly Monitor But Don&#8217;t Talk About Yet</a>
Trump&#8217;s administration has previously taken steps to financially target the university, including freezing $2.2 billion in federal grants in April.
In April, he warned that losing tax-exempt status was a real possibility if schools did not make structural changes that would enable greater federal oversight.
&#8220;Perhaps Harvard should lose its Tax Exempt Status and be Taxed as a Political Entity if it keeps pushing political, ideological, and terrorist inspired/supporting &#8220;Sickness?&#8221; Remember, Tax Exempt Status is totally contingent on acting in the PUBLIC INTEREST,&#8221; Trump <a target="_blank" href="https://truthsocial.com/@realDonaldTrump/posts/114342374504628520" rel="noreferrer noopener">posted </a>on X on April 15.
Harvard swiftly filed a legal complaint, calling the decision an &#8220;unprecedented and improper&#8221; abuse of federal authority, the report reads.
In addition, the Department of Homeland Security has begun revoking visas for international students at Harvard, raising further alarm across the academic sector.
Trump has tied Harvard&#8217;s tax benefits to its compliance with &#8220;public interest,&#8221; stating that institutions failing that standard should lose their federal privileges.
The Treasury Department has reportedly instructed the IRS to evaluate the legality of revoking Harvard&#8217;s nonprofit status, while Homeland Security officials have raised concerns about the university&#8217;s visa sponsorships.
However, CNBC added that a spokesperson for Harvard warned that such punitive actions would jeopardize the school&#8217;s educational mission and could destabilize higher education across the country.
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Image: Shutterstock

Equities

Markets

General

Trump: Harvard's Not a School, It's a 'Political Entity' That Should Be Taxed

Anthony Scaramucci, who is known for his short stint as the White House communications director under Donald Trump, has opened up about his professional setbacks, including a significant loss due to a fraudulent act by Sam Bankman-Fried.
What Happened: Scaramucci&#8217;s professional journey has been marked by several setbacks. He was first dismissed from his job at&nbsp;Goldman Sachs, and later from the White House. 
However, the most substantial setback came when he discovered that his business partner, Sam Bankman-Fried, was involved in fraudulent activities.
"I think the worst day I had professionally was discovering that Sam Bankman-Fried was a fraud. I mean, getting fired from the White House, okay—it's politics. I'm a big boy, you know, get over it, it'll be fine. But when he got exposed as a fraud, that was a blow to me because I trusted the guy. I liked him," Scaramucci <a href="https://fortune.com/2025/04/14/anthony-scaramucci-worst-day-of-his-career-sam-bankman-fried-fired-trump-white-house/">told</a> Fortune. 
Also Read: <a href="https://www.benzinga.com/news/25/04/44778667/scaramucci-foresees-global-retaliation-against-trumps-trade-policies-it-will-break-him">Scaramucci Foresees Global Retaliation Against Trump&#8217;s Trade Policies: &#8216;It Will Break Him&#8217;</a>
"The assets turned out to be extremely valuable, but he's going to be in jail for a very, very long period of time because he had a bad set of morals. He probably didn't have a good guidance system," he added. 
In 2021, Scaramucci and Bankman-Fried became business partners when the latter purchased Scaramucci&#8217;s early investment, the crypto exchange LedgerX. Scaramucci sold a 30% stake&nbsp;of his investment management firm,&nbsp;SkyBridge Capital, to Bankman-Fried, who was later found guilty of fraud.
Despite a significant loss from&nbsp;his $10 million investment in&nbsp;FTX and a legal battle to regain his company stake, Scaramucci has shown remarkable resilience. He emphasizes the importance of integrity and learning from mistakes, stating, &#8220;You&nbsp;can never play the victim&nbsp;in life.&#8221;
Why It Matters: Scaramucci&#8217;s experience serves as a cautionary tale for investors in the volatile cryptocurrency market. Despite his past experience with Bankman-Fried, Scaramucci remains open to new investment opportunities, including in cryptocurrency. 
He continues to seize opportunities, launching a podcast, writing a new book, and maintaining an active social media presence. His resilience and ability to bounce back from setbacks offer valuable lessons for investors and entrepreneurs alike.
Read Next
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Image: Shutterstock

Scaramucci Calls Sam Bankman-Fried Revelation Worst Day of His Career: 'I Trusted the Guy, I Liked Him'

<ul>
<li>Donald Trump Jr.'s new private social club held a launch party Saturday</li>
<li>Several big names were in attendance, including founding members Cameron and Tyler Winklevoss, Secretary of State Marco Rubio, and Attorney General Pam Bondi</li>
<li>Executive Branch, which is set to open in Washington D.C. next year, will be the second most expensive private club in the country, with membership fees of $500,000</li>
</ul>
Donald Trump Jr.'s new members-only social club, called Executive Branch, held a launch party on Saturday, <a href="https://www.cnbc.com/2025/04/28/donald-trump-jr-private-members-club-executive-branch.html">CNBC</a> reports. In attendance were several founding members, including Cameron Winklevoss and Tyler Winklevoss, founders of cryptocurrency exchange Gemini, and newly appointed crypto czar David Sacks.
Executive Branch was founded by Donald Trump Jr. alongside Alex and Zach Witkoff, the sons of billionaire investor and U.S. Special Envoy to the Middle East Steve Witkoff, and Omeed Malik and Christopher Buskirk of 1789 Capital. Donald Trump Jr. was named a partner of the investment firm in 2024.
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Sources told CNBC that the club will open at a location in the Georgetown neighborhood of Washington D.C., sometime next year. Invited members will be required to pay a $500,000 membership fee, as well as annual dues, which have not been disclosed.
The club is the latest in a string of private membership clubs that have opened across the country in the past five years. Similar spaces offer exclusive restaurants and bars, meeting rooms, gyms, and spas.&nbsp;
Executive Branch will be the second most expensive club in the country, according to CNBC, falling just behind President Donald Trump's Mar-a-Lago Resort. Membership fees at the Florida club were raised to $1 million last summer.
Trending: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
Insiders told CNBC that Executive Branch will have a select and smaller membership than its competitors. "We don't want members of the media or just a lot of lobbyists joining," said one person close to the club. "We want people to feel comfortable having conversations in privacy."&nbsp;
On top of paying the hefty fees, prospective members will have to be heavily vetted and approved by the founders, CNBC reports. Membership will only be offered following a referral and close screening process.
Those with knowledge of the club told CNBC that they expect it will play a similar role during this administration that the Trump International Hotel played during the last Trump administration, becoming a social hub for administration officials, Republican congressional leaders, foreign dignitaries, lobbyists, and business leaders.
Several government officials and members of the cabinet attended the launch party, including Secretary of State Marco Rubio, Securities and Exchange Commission Chair Paul Atkins, Attorney General Pam Bondi, Federal Trade Commission Chair Andrew Ferguson, Federal Communications Commission Chair Brendan Carr, Director of National Intelligence Tulsi Gabbard, FBI Deputy Director Dan Bongino and Mehmet Oz, administrator of the Centers for Medicare and Medicaid Services, were all in attendance CNBC reported. Several tech founders and CEOs were also on hand for the festivities, the report added.
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Image: Shutterstock

Personal Finance

Donald Trump Jr.'s New Private Social Club Counts Winklevoss Twins, Crypto Czar David Sacks As Founding Members

President&nbsp;Donald Trump&nbsp;is expected to soon sign into law the "Take It Down Act," a sweeping bipartisan measure that targets the spread of nonconsensual, sexually&nbsp;explicit <a target="_blank" href="https://www.benzinga.com/media/25/04/45057271/donald-trump-set-to-sign-landmark-take-it-down-act-as-congress-targets-deepfake-images-and-videos" rel="noreferrer noopener">deepfake images&nbsp;and videos online</a>.
Trump&nbsp;will provide some relief to U.S. manufacturers by reportedly easing some duties imposed on foreign parts in<a target="_blank" href="https://www.benzinga.com/25/04/45059191/donald-trump-will-reduce-impact-on-us-auto-industry-by-alleviating-some-auto-tarrifs-report" rel="noreferrer noopener"> domestically manufactured vehicles</a>.
Republicans in the U.S. House of Representatives advanced a reform proposed by Rep.&nbsp;Sam Graves&nbsp;(R-MO), which tabled a <a target="_blank" href="https://www.benzinga.com/25/05/45127530/house-republicans-advance-rep-sam-gravess-proposal-to-charge-250-annual-fee-on-evs-report" rel="noreferrer noopener">$250 annual fee on all EVs</a>.
Earnings Results
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) reported first-quarter revenue of $42.31 billion, beating analyst estimates of $41.39 billion and earnings of $6.43 per share, easily beating <a href="https://www.benzinga.com/news/earnings/25/04/45117948/meta-q1-earnings-eps-beat-revenue-up-16-ai-approaches-1-billion-monthly-actives-capital-expenditures-forecast-raised" target="_blank" rel="noreferrer noopener">analyst estimates of $5.21 per share</a>.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reported fiscal second-quarter revenue of $95.36 billion, beating analyst&nbsp;estimates of $94.53 billion and earnings of $1.65 per share, beating analyst <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45152493/apple-reports-strong-q2-earnings-revenue-beat-eps-beat-installed-base-hits-all-time-high-across-all-segments-100-billion-buyback-and-more" rel="noreferrer noopener">estimates of $1.63 per share</a>.
Smartphones &amp; Applications
Apple is reportedly considering a shift of iPhone assembly to India. However, a renowned analyst has expressed skepticism about the potential effectiveness of this move in mitigating <a target="_blank" href="https://www.benzinga.com/25/04/45032214/analyst-questions-apples-reported-iphone-shift-to-india-amid-china-tariff-pressures-doesnt-solve-all-the-problems" rel="noreferrer noopener">the impact of China tariffs</a>.
Apple CEO Tim Cook said that the tech giant expects a $900 million cost impact in <a href="https://www.benzinga.com/tech/25/05/45156890/apple-ceo-tim-cook-warns-of-900-million-tariff-impact-in-june-quarter-expects-majority-of-iphones-sold-in-us-to-be-made-in-india" target="_blank" rel="noreferrer noopener">the June quarter due to tariffs</a>.
As Washington cranks up&nbsp;the tariff pressure,&nbsp;Apple&nbsp;may have already played its smartest card: doubling down on India for assembly and investing <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/45039357/apples-india-game-plan-looks-smarter-as-tariff-heat-rises-analyst-highlights-4-stocks-that-could-benefit" rel="noreferrer noopener">deeper into U.S. component suppliers</a>.
U.S. District Judge&nbsp;Yvonne Gonzalez Rogers&nbsp;found&nbsp;Apple and one of its top executives in contempt of court, accusing them of deliberately evading a 2021 injunction meant to curb the&nbsp;tech giant&#8217;s <a target="_blank" href="https://www.benzinga.com/25/05/45126668/apple-lied-under-oath-judge-says-tim-cook-ignored-internal-warnings-in-epic-games-case-fallout-this-is-an-injunction-not-a-negotiation" rel="noreferrer noopener">control&nbsp;over&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/05/45126668/apple-lied-under-oath-judge-says-tim-cook-ignored-internal-warnings-in-epic-games-case-fallout-this-is-an-injunction-not-a-negotiation" rel="noreferrer noopener">App Store</a><a target="_blank" href="https://www.benzinga.com/25/05/45126668/apple-lied-under-oath-judge-says-tim-cook-ignored-internal-warnings-in-epic-games-case-fallout-this-is-an-injunction-not-a-negotiation" rel="noreferrer noopener">&nbsp;payments</a>.
Following a U.S. court ruling that found&nbsp;Apple violated the spirit of an injunction against&nbsp;anti-steering practices,&nbsp;Epic Games, backed by&nbsp;Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), has offered to bring&nbsp;Fortnite&nbsp;back to the&nbsp;App Store&nbsp;if the tech giant <a target="_blank" href="https://www.benzinga.com/news/legal/25/04/45123864/apple-ordered-to-ease-app-store-rules-in-us-epic-games-ceo-tim-sweeney-proposes-peace-deal-saying-well-return-fortnite-and-drop-all-litigation-only-if" rel="noreferrer noopener">fulfills this one condition</a>.
Spotify Technologies&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) defended its $11.99 Premium plan while signaling that future price hikes could be <a target="_blank" href="https://www.benzinga.com/general/entertainment/25/04/45090328/spotify-defends-11-99-price-tag-but-executive-says-raising-prices-is-now-part-of-our-toolbox-can-music-escape-the-inflation-gauntlet" rel="noreferrer noopener">part of its long-term strategy</a>.
Technology
Alibaba Group Holdings Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) introduced&nbsp;Qwen 3,&nbsp;its most advanced <a target="_blank" href="https://www.benzinga.com/25/04/45057716/alibabas-qwen-3-launch-takes-aim-at-deepseeks-disruption-and-baidus-ernie-turbo-models" rel="noreferrer noopener">artificial intelligence model yet.</a>
Meta&nbsp;has announced the launch of a standalone AI app that will compete with the likes of&nbsp;OpenAI's&nbsp;ChatGPT,&nbsp;<a target="_blank" href="https://www.benzinga.com/tech/25/04/45075691/meta-launches-ai-app-to-compete-with-chatgpt-gemini-grok" rel="noreferrer noopener">Google's</a><a target="_blank" href="https://www.benzinga.com/tech/25/04/45075691/meta-launches-ai-app-to-compete-with-chatgpt-gemini-grok" rel="noreferrer noopener">&nbsp;Gemini&nbsp;and xAI's Grok</a>.
Alphabet Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) CEO&nbsp;Sundar Pichai&nbsp;revealed ongoing talks with&nbsp;Apple to integrate the company&#8217;s Gemini AI into iPhones, amid federal regulators' push to rein in&nbsp;<a target="_blank" href="https://www.benzinga.com/news/legal/25/05/45128130/google-aims-for-gemini-ai-deal-with-apple-this-year-says-sundar-pichai-amid-dojs-bid-to-curb-search-monopoly" rel="noreferrer noopener">Google&#8217;s&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/legal/25/05/45128130/google-aims-for-gemini-ai-deal-with-apple-this-year-says-sundar-pichai-amid-dojs-bid-to-curb-search-monopoly" rel="noreferrer noopener">dominance in online search</a>.
Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO&nbsp;Jensen Huang&nbsp;told U.S. lawmakers that&nbsp;export restrictions on AI chips&nbsp;may be helping China&#8217;s&nbsp;Huawei Technologies&nbsp;gain a competitive foothold in the <a target="_blank" href="https://www.benzinga.com/25/05/45157365/nvidia-ceo-jensen-huang-warns-us-lawmakers-that-export-bans-are-backfiring-fueling-huaweis-rise-in-global-ai-chip-race" rel="noreferrer noopener">global artificial intelligence race</a>.
Automobiles &amp; Defense
Pershing Square&#8216;s&nbsp;Bill Ackman&nbsp;has hailed&nbsp;Amazon.com Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder&nbsp;Jeff Bezos-backed&nbsp;Slate Auto as the company recently <a target="_blank" href="https://www.benzinga.com/markets/25/04/45033046/bill-ackman-hails-jeff-bezos-backed-tesla-rival-slate-auto-says-it-will-be-a-big-success" rel="noreferrer noopener">revealed its $20,000 EV truck</a>.
Tesla&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Chinese division is developing an affordable version of the <a target="_blank" href="https://www.benzinga.com/markets/asia/25/04/45032179/tesla-reportedly-developing-a-cheaper-model-y-e80-variant-with-fewer-features-in-china" rel="noreferrer noopener">popular Model Y crossover SUV</a>.
Ross Gerber&nbsp;has called out&nbsp;Tesla&#8216;s&nbsp;rumored Model Y E80, which is slated to be a more affordable <a target="_blank" href="https://www.benzinga.com/25/04/45033764/tesla-bull-ross-gerber-slams-rumored-affordable-model-y-e80-just-4-wheels-and-you" rel="noreferrer noopener">version of the new Model Y</a>.
Tesla said that the company expects the first units of the Semi to enter <a target="_blank" href="https://www.benzinga.com/tech/25/04/45060435/teslas-first-batch-of-semi-trucks-to-roll-out-from-nevada-plant-by-late-2025-despite-disruption-from-trumps-145-tariffs" rel="noreferrer noopener">production by the end of the year.</a>
Tesla is ramping up the production of its Semi Truck as the company reportedly added over 1,000 Workers <a target="_blank" href="https://www.benzinga.com/tech/25/04/45092570/tesla-adds-1000-workers-at-nevada-gigafactory-to-fuel-elon-musks-semi-truck-ambitions-report" rel="noreferrer noopener">to its Nevada Giga factory</a>.
Dan Ives&nbsp;refuses to acknowledge&nbsp;Alphabet&#8216;s&nbsp;and&nbsp;Toyota Motor Corp&#8216;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) partnership&nbsp;as a threat to&nbsp;<a target="_blank" href="https://www.benzinga.com/25/05/45126638/tesla-will-own-the-autonomous-market-dan-ives-says-shrugging-off-waymo-toyota-agreement" rel="noreferrer noopener">Tesla</a><a target="_blank" href="https://www.benzinga.com/25/05/45126638/tesla-will-own-the-autonomous-market-dan-ives-says-shrugging-off-waymo-toyota-agreement" rel="noreferrer noopener">&#8216;s&nbsp;Robotaxi ambitions</a>.
Elon Musk&#8216;s space-based internet service provider,&nbsp;Starlink, could reportedly face delays in its plans to expand into India <a target="_blank" href="https://www.benzinga.com/general/space/25/04/45037304/elon-musks-india-ambitions-face-regulatory-hurdles-amid-uncertainty-around-starlink-license-report" rel="noreferrer noopener">due to regulatory requirements</a>.
Future Fund&#8216;s noted investor,&nbsp;Gary Black, has raised questions over&nbsp;Tesla marketing strategy as&nbsp;Elon Musk&nbsp;says his brand can be the "most <a target="_blank" href="https://www.benzinga.com/markets/equities/25/04/45063886/elon-musk-wants-tesla-to-be-most-valuable-company-in-the-world-but-top-investor-doubts-ev-giants-rise-without-apple-style-marketing-strategy" rel="noreferrer noopener">valuable company" in the world</a>.&nbsp;
Airbus SE&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSF#OTC">EADSF</a>) has agreed to take over assets owned by&nbsp;Spirit Aerosystems Holdings Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>) in a boost to the <a target="_blank" href="https://www.benzinga.com/25/04/45035715/airbus-finalizes-deal-with-spirit-to-take-over-assets-paving-way-for-boeing-acquisition" rel="noreferrer noopener">manufacturer&#8217;s acquisition by&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/04/45035715/airbus-finalizes-deal-with-spirit-to-take-over-assets-paving-way-for-boeing-acquisition" rel="noreferrer noopener">Boeing Co. </a><a target="_blank" href="https://www.benzinga.com/25/04/45035715/airbus-finalizes-deal-with-spirit-to-take-over-assets-paving-way-for-boeing-acquisition" rel="noreferrer noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>)</a>.
Stellantis&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) parent company of Dodge and Jeep, will debut a solid-state <a target="_blank" href="https://www.benzinga.com/tech/25/04/45061846/stellantis-announces-breakthrough-solid-state-battery-with-factorial-energy-company-says-technology-will-debut-in-2026-demo-fleet" rel="noreferrer noopener">battery in the Charger EV</a>.&nbsp;
Stellantis&nbsp;will reportedly move some of its production activities into the U.S. as the company grapples with <a target="_blank" href="https://www.benzinga.com/markets/25/05/45133236/chrysler-jeep-owner-stellantis-to-move-some-auto-production-into-the-us-to-avoid-tariffs" rel="noreferrer noopener">uncertainty caused by U.S. auto tariffs</a>.
General Motors Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) recalled over 877,000 vehicles with the 6.2-liter V8 engine due to possible defects. The company has also issued a stop-sale <a target="_blank" href="https://www.benzinga.com/markets/25/04/45065511/general-motors-recalls-877000-trucks-and-suvs-due-to-faulty-engine" rel="noreferrer noopener">order for the affected models</a>.
Mercedes-Benz Group&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGAF#OTC">MBGAF</a>) pulled its 2025 earnings guidance, citing uncertainty over U.S. <a target="_blank" href="https://www.benzinga.com/25/04/45095342/mercedes-benz-pulls-annual-earnings-guidance-as-sales-decline-and-tariff-uncertainty-looms" rel="noreferrer noopener">President&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/04/45095342/mercedes-benz-pulls-annual-earnings-guidance-as-sales-decline-and-tariff-uncertainty-looms" rel="noreferrer noopener">Donald Trump</a><a target="_blank" href="https://www.benzinga.com/25/04/45095342/mercedes-benz-pulls-annual-earnings-guidance-as-sales-decline-and-tariff-uncertainty-looms" rel="noreferrer noopener">&#8216;s tariffs</a>.
As Chinese EV giant&nbsp;BYD Co., Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) is gearing up to expand its presence in Europe, satellite images show the company&#8217;s facility in <a target="_blank" href="https://www.benzinga.com/25/04/45097773/satellite-images-put-tesla-rival-byds-hungarian-factory-capable-of-producing-200k-units-annually-in-the-spotlight" rel="noreferrer noopener">Hungary taking shape</a>.
Ford Motor Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) has announced it will delay the planned hike in prices for its vehicles until it sees how the<a target="_blank" href="https://www.benzinga.com/25/05/45129156/jim-farley-says-ford-will-delay-price-hike-to-see-how-competitors-react-to-tariffs-extends-employee-pricing-through-july" rel="noreferrer noopener"> competitors respond to auto tariffs</a>.
Artificial Intelligence (AI)
Mark Zuckerberg said that&nbsp;Meta&#8217;s artificial intelligence future will cater to both billions of free users and a group willing to pay <a target="_blank" href="https://www.benzinga.com/25/04/45093311/not-everyone-needs-a-thousand-ai-engineers-but-for-those-who-do-zuckerberg-says-meta-will-gladly-build-it-for-a-price" rel="noreferrer noopener">big for powerful digital agents</a>.
Meta CEO&nbsp;Mark Zuckerberg&nbsp;predicts that the future of AI won&#8217;t follow the "winner takes most" model seen <a target="_blank" href="https://www.benzinga.com/tech/25/05/45125414/mark-zuckerberg-doesnt-believe-that-ai-market-will-follow-searchs-winner-takes-most-model-meta-ceo-predicts-multiple-specialized-ais-for-work-and-play" rel="noreferrer noopener">in the search engine industry</a>.
OpenAI&nbsp;CEO&nbsp;Sam Altman&nbsp;acknowledged that the last few updates to the&nbsp;GPT-4o&nbsp;model made its personality <a target="_blank" href="https://www.benzinga.com/25/04/45030694/openai-ceo-sam-altman-says-gpt-4o-personality-tweaks-made-it-annoying-fixes-coming-this-week" rel="noreferrer noopener">"too sycophant-y and annoying."</a>
OpenAI&nbsp;unveiled an upgrade to&nbsp;ChatGPT&#8217;s&nbsp;search functionality, enabling users to browse and shop for <a target="_blank" href="https://www.benzinga.com/25/04/45058959/openai-launches-ad-free-shopping-search-in-chatgpt-heres-how-it-works" rel="noreferrer noopener">products directly within the chatbot</a>.
Geoffrey Hinton, known as the "Godfather of AI," has joined a growing chorus of experts and former employees urging regulators to block&nbsp;<a target="_blank" href="https://www.benzinga.com/tech/25/04/45060194/godfather-of-ai-geoffrey-hinton-backs-elon-musk-in-fight-against-openais-restructuring-id-like-to-stop-them-from-completely-gutting-it" rel="noreferrer noopener">OpenAI&#8217;s</a><a target="_blank" href="https://www.benzinga.com/tech/25/04/45060194/godfather-of-ai-geoffrey-hinton-backs-elon-musk-in-fight-against-openais-restructuring-id-like-to-stop-them-from-completely-gutting-it" rel="noreferrer noopener">&nbsp;controversial&nbsp;restructuring plans</a>.

Large Cap

Tech

AAPL

AMZN

BABA

BYDDF

EADSF

GOOG

MERCEDES BENZ GROUP AG by Mercedes Benz Group AG

MBGAF

NVDA

SPOT

STLA

TCEHY

TSLA

Consumer Tech News (Apr 28-May 2): Trump May Ease Auto Part Tariffs,  House Republicans Tabled $250 Charge On EV & More

President Donald Trump&#8216;s intensifying trade war with China is stirring up dissatisfaction among young Americans.
What Happened: Trump&#8217;s tariffs on Chinese goods are causing disruptions for young Americans who depend on affordable Chinese products and services. These tariffs have resulted in a 145% surge in the price of many imported goods, impacting everything from fast fashion to tech gadgets.
As per the report <a href="https://www.bloomberg.com/news/articles/2025-05-03/young-americans-sours-on-trump-s-china-tariffs-despite-election-year-bump?srnd=homepage-americas&amp;sref=TBDibEcD">by</a> Bloomberg, the escalating trade war is triggering a negative response among young voters, who were instrumental in Trump&#8217;s election success. 
A recent <a href="https://d3nkl3psvxxpe9.cloudfront.net/documents/econTabReport_pXJ0PxA.pdf">poll</a> by YouGov/Economist indicates that 57% of Americans aged 18 to 29 disapprove of Trump&#8217;s job performance, marking a 14-point drop since he assumed office.
The trade dispute could also influence the future of popular social media app TikTok, which was on the verge of securing a deal to continue its operations in the US before the tariffs disrupted the talks.
Also Read: <a href="https://www.benzinga.com/news/earnings/25/05/45184120/warren-buffett-warns-tariffs-could-backfire-on-economy-says-trade-should-not-be-a-weapon-its-a-big-mistake-i-dont-think-its-wise">Warren Buffett Warns Tariffs Could Backfire on Economy, Says, &#8216;Trade Should Not Be A Weapon. It&#8217;s A Big Mistake, I Don&#8217;t Think It&#8217;s Wise&#8217;</a>
Young consumers like Chelsea Hollins, a 26-year-old content creator and college student, are voicing their discontent. &#8220;Everybody is mad,&#8221; Hollins stated. &#8220;That&#8217;s all that I see on my timeline.&#8221;
Despite the mounting criticism, the White House still has the option to backtrack on its tariffs. However, the tariffs imposed on China could have enduring political implications for the GOP in the upcoming congressional midterms.
Why It Matters: The escalating trade war with China and the resulting tariffs are not only impacting the economy but also the political landscape. The dissatisfaction among young Americans, who played a pivotal role in Trump&#8217;s election, could potentially influence future elections. 
The tariffs&#8217; impact on popular services like TikTok further highlights the wide-reaching consequences of this trade dispute. 
The White House&#8217;s decision on whether to continue or reverse these tariffs could have significant implications for the GOP in the forthcoming congressional midterms.
Read Next
<a href="https://www.benzinga.com/general/market-summary/25/04/45029647/experts-say-new-tariffs-could-spark-higher-prices-and-shortages-within-weeks">Experts Say New Tariffs Could Spark Higher Prices and Shortages Within Weeks</a>

Young Americans Express Discontent Over Trump's China Tariffs

Elon Musk&#8216;s first wife Justine Wilson recently shed light on the complexities of their marriage and the challenges she faced <a href="https://www.benzinga.com/general/entertainment/24/07/39657381/elon-musks-mother-recounts-time-her-children-used-to-ask-for-food-she-couldnt-afford-after-">being married to the CEO of Tesla Inc.</a>
What Happened: In a recent interview, Wilson gave an insight into her life with Musk, to whom she was married from 2000 to 2008. The pair, who first crossed paths&nbsp;at Queen&#8217;s University in Ontario,&nbsp;Canada, share six children.
Wilson highlighted the pressure she felt as Musk&#8217;s business pursuits expanded, leading her to feel like a &#8220;trophy wife,&#8221; compelled to fit into a certain Hollywood stereotype. 
She also brought up a car accident that marked a significant shift in their relationship, expressing her apprehension of Musk&#8217;s reaction over their safety, <a href="https://www.indy100.com/politics/elon-musk-justine-wilson-trophy-wife-interview-2671642611#">reports</a> Indy100.
After their divorce, Musk started seeing British actor Talulah Riley, who he married in 2010 and divorced two years later. They got remarried in 2013 but divorced again in 2016. 
Also Read:&nbsp;<a href="https://www.benzinga.com/general/social-media/25/03/44209885/elon-musks-ex-wife-spills-the-truth-about-what-it-really-takes-to-be-a-billionaire-there-is-no-roadmap-no-blueprint-for-this" target="_blank" rel="noreferrer noopener">Elon Musk's Ex-Wife Spills The Truth About What It Really Takes To Be A Billionaire: ‘There Is No Roadmap, No Blueprint For This'</a>
The revelations by Wilson provide a rare glimpse into the personal life of one of the world&#8217;s most influential tech moguls. Musk&#8217;s personal life has often been under scrutiny due to his high-profile relationships and his outspoken nature. 
The insights shared by Wilson add another layer to the public&#8217;s understanding of the Tesla CEO.
Read Next
<a href="https://www.benzinga.com/news/25/04/45029504/elon-musks-ex-wives-missed-out-on-his-billion-dollar-wealth-heres-why">Elon Musk&#8217;s Ex-Wives Missed Out on His Billion-Dollar Wealth — Here&#8217;s Why</a>
Image: Shutterstock

Entertainment

Musk's Ex-Wife Opens Up About Why Life With Elon Was So Difficult

Barstool Sports founder Dave Portnoy isn't buying President Donald Trump's latest attempt to pin a shaky stock market and economic slowdown on former President Joe Biden.
After Trump claimed in a Truth Social <a href="https://truthsocial.com/@realDonaldTrump/posts/114427089568235019">post</a> that the current stock market dip is still &#8220;Biden's Stock Market,&#8221; Portnoy fired back. &#8220;What's that old expression? Don't piss down my back and tell me it's raining? Well that applies here,&#8221; he wrote on <a href="https://x.com/stoolpresidente/status/1917607515270901952">X</a> on Wednesday.&nbsp;
&#8220;The stock market is a direct reflection of Trump's first 100 days in office. Doesn't mean it won't get better and that we don't need to be patient, but this is his market not Biden's.&#8221;
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<h2 class="wp-block-heading">Trump Keeps Pointing at Biden</h2>
Following a <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/45100047/recession-odds-spike-wall-street-tumbles-as-q1-gdp-surprisingly-contracts-be-patient-trump-responds">0.3% drop in U.S. GDP</a> for Q1 2025—the first contraction in three years—Trump <a href="https://www.benzinga.com/markets/25/04/45124644/trump-blames-gdp-contraction-on-biden-overhang-nothing-to-do-with-the-tariffs">blamed the results on Biden</a>. &#8220;This is Biden,&#8221; he <a href="https://youtu.be/1QBwJsxN0OQ?si=-u2bcue3Y_rDKqcU&amp;t=6474">said</a> on Wednesday at a Cabinet meeting, adding that even Q2 results should partly fall on his predecessor because &#8220;it doesn't just happen on a daily or an hourly basis.&#8221;
In the same Truth Social post, Trump argued that the U.S. economy was still weighed down by the &#8220;Biden overhang&#8221; and that his own policies, especially tariffs, would soon spark a boom. &#8220;Companies are starting to move into the USA in record numbers,&#8221; he posted. &#8220;Our country will boom, but we have to get rid of the Biden ‘Overhang.' This will take a while, has NOTHING TO DO WITH TARIFFS.&#8221;
But economists say otherwise. The Commerce Department <a href="https://www.bea.gov/data/gdp/gross-domestic-product">attributed</a> the GDP dip to a surge in imports from companies trying to beat Trump's upcoming tariffs. A drop in government spending also played a role. Market analysts note that Trump's policies are already affecting economic behavior.
Trending: Donald Trump just announced a $500 billion AI infrastructure deal — <a href="https://www.benzinga.com/money/seize-a-share-while-you-still-can-in-the-2-trillion-entertainment-market-with-elf-labs-at-just-2-25-share">here's how you can invest in the entertainment market's next big disruptor at $2.25 per share</a>.
<h2 class="wp-block-heading">Executives Cashed Out, Portnoy Stayed In</h2>
While tech and finance insiders were unloading stocks before the market dropped, Portnoy stuck it out and lost big.
As Benzinga previously <a href="https://www.benzinga.com/news/25/04/45028996/in-response-to-zuckerberg-and-dimon-stock-sell-offs-dave-portnoy-says-he-didnt-unload-anything-got-smoked-like-everybody-else">reported</a>, Meta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg sold 1.1 million shares for $733 million, Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) CEO Safra Catz sold $705 million in stock, and JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon sold $234 million—all before Trump's tariff announcements sent markets into a nosedive.
Portnoy, on the other hand, <a href="https://x.com/stoolpresidente/status/1914429319499165931">wrote</a> to his X followers mid-April, "I did NOT unload any stock. Got smoked like everybody else." He initially estimated a $7 million hit but later revised it to $20 million, around 15% of his net worth.
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>
Still, Portnoy isn't jumping ship. On his livestream, he called Trump &#8220;a smart guy&#8221; and said he's going to see how the tariff game plays out.
&#8220;I'm going to roll with him and see how it plays out,&#8221; he said.
<h2 class="wp-block-heading">From Credit to Blame</h2>
Trump is now trying to distance himself from weak economic data, but just last year, he was eager to take credit for market gains under Biden. On Jan. 29, 2024, while still a presidential candidate, Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/111840568643216314">posted</a> on Truth Social in all caps: "THIS IS THE TRUMP STOCK MARKET BECAUSE MY POLLS AGAINST BIDEN ARE SO GOOD THAT INVESTORS ARE PROJECTING THAT I WILL WIN."
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<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>
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Image: Shutterstock

ORCL

'Don't Piss Down My Back And Tell Me It's Raining,' Says Dave Portnoy—'This Is Trump's Market, Not Biden's'

These mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Pony AI Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) shares were up 48.36% after the company reportedly said it is getting closer to profitability and can build its <a href="https://www.benzinga.com//node/45049945" target="_blank" rel="noreferrer noopener">autonomous driving system for less</a>.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) stock rocketed 45.32% after the company announced a collaboration with Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) to offer a bundled package of all dose <a href="https://www.benzinga.com//node/45074872" target="_blank" rel="noreferrer noopener">strengths of Wegovy on its platform</a>. B of A Securities analyst raised the price <a href="https://www.benzinga.com/quote/hims/analyst-ratings" target="_blank" rel="noreferrer noopener">forecast from $22 to $26</a>.</li>
<li>ODDITY Tech Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODD#NASDAQ">ODD</a>) shares surged 42.96% after the company reported better-than-expected first-quarter financial results, raised its FY25 guidance, and issued <a href="https://www.benzinga.com//node/45111584" target="_blank" rel="noreferrer noopener">second-quarter guidance above estimates</a>. Analysts raised price <a href="https://www.benzinga.com/quote/ODD/analyst-ratings" target="_blank" rel="noreferrer noopener">forecasts on the stock</a>.</li>
<li>Metsera, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTSR#NASDAQ">MTSR</a>) stock escalated by 38.42% last week.</li>
<li>CG Oncology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGON#NASDAQ">CGON</a>) stock increased 29.86% after the company announced that cretostimogene grenadenorepvec monotherapy data was presented at the American <a href="https://www.benzinga.com//node/45043205" target="_blank" rel="noreferrer noopener">Urological Association Annual Meeting</a>. Some analysts initiated coverage/ <a href="https://www.benzinga.com/quote/cgon/analyst-ratings" target="_blank" rel="noreferrer noopener">boosted the price forecast</a>.</li>
<li>Kiniksa Pharmaceuticals, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNSA#NASDAQ">KNSA</a>) shares upped 29.42% after raising <a href="https://www.benzinga.com//node/45063476" target="_blank" rel="noreferrer noopener">its FY25 sales guidance</a>.</li>
<li>Kingsoft Cloud Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) stock rose 27.34%.</li>
<li>Frontdoor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTDR#NASDAQ">FTDR</a>) shares were up 25.44% last week after the company reported better-than-expected first-quarter financial results and raised its FY25 <a href="https://www.benzinga.com//node/45130988" target="_blank" rel="noreferrer noopener">sales outlook</a>.</li>
<li>ATI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) stock increased 25.39% after it reported better-than-expected quarterly financial results and raised its <a href="https://www.benzinga.com//node/45130989" target="_blank" rel="noreferrer noopener">FY25 adjusted EPS guidance</a>.</li>
<li>Perdoceo Education Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRDO#NASDAQ">PRDO</a>) stock rose 23.72% after it <a href="https://www.benzinga.com//node/45149554" target="_blank" rel="noreferrer noopener">reported first-quarter results</a>.</li>
<li>iRhythm Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRTC#NASDAQ">IRTC</a>) stock jumped 23.71% after it reported better-than-expected first-quarter results and <a href="https://www.benzinga.com//node/45149802" target="_blank" rel="noreferrer noopener">raised its FY25 sales guidance</a>.</li>
</ol>
Photo by Tada Images via Shutterstock

Mid Cap

Movers

CGON

FTDR

Hims & Hers Health, Inc. Class A Common Stock

HIMS

IRTC

KNSA

MTSR

PONY

PRDO

Pony AI, Hims & Hers And Frontdoor Are Among Top 11 Mid-Cap Gainers Last Week (Apr 28-May 2): Are The Others In Your Portfolio?

&#8220;You cannot just assume that more data and more compute means smarter AI,&#8221; said Yann LeCun, Meta's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) chief AI scientist, during a keynote on April 28 at the National University of Singapore.&nbsp;
LeCun pushed back on what he described as the "religion of scaling," arguing that AI progress will stall unless systems are taught to understand the physical world — not just crunch more data.
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<h2 class="wp-block-heading">Why Bigger Isn't Always Smarter</h2>
LeCun's criticism challenges the current industry belief that scaling — boosting the number of parameters, the size of the dataset, and the compute— is the surest path to better AI.&nbsp;
"The mistake is that very simple systems, when they work for simple problems, people extrapolate them to think that they&#8217;ll work for complex problems," he said. Meta has historically leaned into scaling, but LeCun believes smarter AI won't emerge from brute force alone.
The idea that "model performance depends most strongly on scale," as outlined in the <a href="https://arxiv.org/abs/2001.08361">2020 paper</a> &#8220;Scaling Laws for Neural Language Models&#8221; by researchers at OpenAI and DeepMind, has guided substantial investments into scaling up model architectures and training data.
Trending: Donald Trump just announced a $500 billion AI infrastructure deal — <a href="https://www.benzinga.com/money/seize-a-share-while-you-still-can-in-the-2-trillion-entertainment-market-with-elf-labs-at-just-2-25-share">here's how you can invest in the entertainment market's next big disruptor at $2.25 per share</a>.
<h2 class="wp-block-heading">LeCun Says Today's AI Struggles With Ambiguity</h2>
LeCun argued that recent breakthroughs appear impressive only because the tasks were relatively easy.&nbsp;
"When you deal with real-world problems with ambiguity and uncertainty, it's not just about scaling anymore," he said at an event in Singapore. He compared modern large language models to a child&#8217;s brain: they're trained on roughly the amount of information stored in the visual cortex of a four-year-old.
As LeCun put it on a <a href="https://www.youtube.com/watch?v=SGSOCuByo24&amp;ab_channel=LexFridman">"Lex Fridman"</a> podcast in 2019, the key difference is that "world models" can predict how the environment evolves based on an action — a critical step toward actual reasoning.&nbsp;
"The extra component of a world model is something that can predict how the world is going to evolve as a consequence of an action you might take," he said.
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>
<h2 class="wp-block-heading">Industry Leaders Are Starting to Shift</h2>
LeCun isn't the only prominent AI voice rethinking scale. During the <a href="https://www.google.com/search?q=Alexandr+Wang+on+the+Cerebral+Valley+AI+Summit&amp;oq=Alex&amp;gs_lcrp=EgZjaHJvbWUqCAgBEEUYJxg7MgYIABBFGDkyCAgBEEUYJxg7MgcIAhAuGIAEMgoIAxAuGLEDGIAEMgoIBBAAGLEDGIAEMhAIBRAuGIMBGNQCGLEDGIAEMhAIBhAuGIMBGNQCGLEDGIAEMgYIBxBFGD3SAQg1OTg4ajBqN6gCALACAA&amp;sourceid=chrome&amp;ie=UTF-8#fpstate=ive&amp;vld=cid:8bde0f29,vid:HM7wnQwpJ0w,st:0">Cerebral Valley AI Summit</a> in November, Alexandr Wang, CEO of Scale AI, called scaling "the biggest question in the industry." Meanwhile, Aidan Gomez, CEO of Cohere, labeled it "the dumbest" way to improve AI models in a February TechCrunch Disrupt session.
There's also a data ceiling problem. According to an Epoch AI<a href="https://epoch.ai/blog/will-we-run-out-of-data-limits-of-llm-scaling-based-on-human-generated-data"> study</a>, most high-quality public data has already been used to train existing large models, meaning returns from future scaling may diminish.
<h2 class="wp-block-heading">Understanding The World Is The Next Big Leap</h2>
LeCun's alternative? Teach machines like humans — with physical intuition, common sense, and an ability to learn new tasks quickly.&nbsp;
"We need AI systems that can learn new tasks really quickly," he said last week. "They need to understand the physical world — not just text and language but the real world — have some level of common sense, and abilities to reason and plan, have persistent memory."
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<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.30/share!</a></li>
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Image: Shutterstock

Meta Chief AI Scientist Yann LeCun Slams AI Hype: 'Scaling Systems More' Won't Make Them Smarter – 'We Need AI That Understands The World'

The week was abuzz with news from the tech world, with artificial intelligence (AI) taking center stage. From potential policy changes affecting AI chip exports to the impact of AI on workloads and coding, the stories were as diverse as they were intriguing. Here&#8217;s a quick recap of the top stories.
Trump Administration Eyes AI Chip Restrictions
The Trump administration is reportedly contemplating significant changes to the Biden-era restrictions on AI chip exports. The proposed overhaul targets the Framework for Artificial Intelligence Diffusion, a rule issued by the U.S. Commerce Department under former President Joe Biden. The changes could potentially tighten access to&nbsp;NVIDIA&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;H100 chips.&nbsp;<a href="https://www.benzinga.com/25/04/45090935/trump-administration-targets-biden-era-ai-chip-curbs-could-scrap-country-tiers-and-tighten-access-to-nvidias-h100-chips-report">Read the full article here.</a>
Nvidia Designs New AI Chips for Chinese Tech Giants
In response to tightened U.S. export restrictions on its H20 chip,&nbsp;NVIDIA is reportedly developing redesigned AI chips. The company has informed key Chinese customers, including&nbsp;Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), ByteDance, and Tencent Holdings, of its plans to create new AI chip designs that comply with U.S. export regulations.&nbsp;<a href="https://www.benzinga.com/25/05/45182565/nvidia-designing-new-ai-chips-for-alibaba-bytedance-tencent-after-warning-us-export-ban-on-h20-could-cost-the-company-55-billion-report">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/markets/25/05/45162929/tim-cook-tells-commerce-secretary-lutnick-how-apple-could-bring-iphone-manufacturing-to-us" target="_blank" rel="noreferrer noopener">Tim Cook Tells Commerce Secretary Lutnick How Apple &#8216;Could&#8217; Bring iPhone Manufacturing To US</a>
AI Tools: A Boon or a Bane for Workers?
A recent study has found that generative AI tools, such as ChatGPT, may not be delivering the productivity benefits they promised. Instead, they could be leading to extra work for some workers. The study examined data from 25,000 Danish workers across professions prone to automation.&nbsp;<a href="https://www.benzinga.com/general/education/25/05/45160023/ai-was-supposed-to-save-time-but-many-workers-are-ending-up-with-more-tasks-study">Read the full article here.</a>
Meta&#8217;s Ambitious Revenue Projections for Generative AI Products
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)&nbsp;has projected that its generative AI products could potentially generate revenue ranging from $460 billion to $1.4 trillion by 2035. This information was revealed in recently unsealed court documents related to the Kadrey v. Meta Platforms Inc. case.&nbsp;<a href="https://www.benzinga.com/markets/25/05/45160454/mark-zuckerbergs-meta-targets-1-4-trillion-revenue-from-generative-ai-by-2035-court-filing-reveals">Read the full article here.</a>
AI&#8217;s Growing Role in Coding at Microsoft
Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)&nbsp;CEO Satya Nadella revealed that AI now writes up to 30% of the tech giant's code. This marks a significant shift in software development, indicating how AI tools are reshaping the way tech companies build their products.&nbsp;<a href="https://www.benzinga.com/tech/25/04/45093643/ai-is-reshaping-coding-at-microsoft-says-nadella-30-of-code-now-ai-generated">Read the full article here.</a>
Read Next:&nbsp;<a href="https://benzinga.com/markets/25/05/45183000/warren-buffetts-right-hand-man-greg-abel-is-quietly-taking-over-day-to-day-leadership-at-berkshire-hathaway-gotten-much-more-involved-in-capital-allocation-decisions" target="_blank" rel="noreferrer noopener">Warren Buffett&#8217;s Right-Hand Man Greg Abel Is Quietly Taking Over Day-To-Day Leadership At Berkshire Hathaway: &#8216;Gotten Much More Involved In Capital Allocation Decisions&#8217; </a>
Image Via Shutterstock
 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/navdeep-yadav" target="_blank" rel="noopener">Navdeep Yadav.</a>

MSFT

Nvidia Reportedly Designs New AI Chips For Chinese Tech Giants, Meta Targets $1.4 Trillion Revenue From Generative AI By 2035 And More: Top AI Updates This Week

<a href="https://www.benzinga.com/news/25/04/44865115/figure-ai-shakes-silicon-valley-with-39-5b-valuation-200000-robots-promised-by-2029-beating-out-spacex-and-openai">Figure AI</a>, the robotics company aiming to build the first commercially viable humanoid worker, <a href="https://www.prnewswire.com/news-releases/figure-raises-675m-at-2-6b-valuation-and-signs-collaboration-agreement-with-openai-302074897.html">recently announced</a> it secured a staggering $675 million in funding from some of the biggest names in tech and venture capital, including <a href="https://www.benzinga.com/news/25/04/44821570/bezos-bets-big-slate-auto-quietly-raises-111m-series-a-to-build-25k-ev-truck-eyes-2026-launch-in-indianapolis">Jeff Bezos</a>, Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), OpenAI, and Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
Now valued at $2.6 billion, the San Jose, California-based startup is in talks with United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) to integrate its <a href="https://www.benzinga.com/tech/25/04/44894239/humanoid-robots-make-history-in-beijing-half-marathon-completes-race-in-under-3-hours">humanoid robots</a> into the global shipping giant's logistics infrastructure, according to<a href="https://www.bloomberg.com/news/articles/2025-04-28/ups-in-talks-with-startup-figure-ai-to-deploy-humanoid-robots"> Bloomberg</a>.
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<h2 class="wp-block-heading">UPS in Talks to Introduce Humanoid Robots to Its Network</h2>
Figure AI was founded in 2022 by serial entrepreneur Brett Adcock, who previously launched Vettery and Archer Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>). Adcock&#8217;s<a href="https://www.brettadcock.com/bio"> bio</a> says that his goal is to create a fully autonomous humanoid robot that can safely, efficiently, and intelligently perform a wide range of physical tasks that are currently repetitive, physically draining, or simply undesirable for human workers.
According to Bloomberg, the company's latest model, Figure 02, features integrated cabling, a torso battery, and real-time computing power using Nvidia RTX GPU-based modules. It's outfitted with 6 RGB cameras, directional microphones, speakers, and a custom-built conversational AI developed in collaboration with OpenAI. Figure 02 also boasts 16 degrees of freedom in its redesigned hands, which allow it to lift and maneuver up to 55 pounds. These capabilities are being actively tested in real-world settings, including on the factory floor at BMW.
Trending: Donald Trump just announced a $500 billion AI infrastructure deal — <a href="https://www.benzinga.com/money/seize-a-share-while-you-still-can-in-the-2-trillion-entertainment-market-with-elf-labs-at-just-2-25-share">here's how you can invest in the entertainment market's next big disruptor at $2.25 per share</a>.
While both UPS and rival FedEx (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) have incorporated autonomous systems like sorting and ground robots into their operations, neither has implemented humanoid robots until now.
Bloomberg<a href="https://www.bloomberg.com/news/articles/2024-02-23/bezos-nvidia-join-openai-microsoft-in-funding-humanoid-robot-startup-figure-ai"> reported</a> last year that UPS and Figure AI began discussions in 2023 and resumed them in early 2025 as Figure&#8217;s latest model reached new performance milestones. If an agreement is finalized, UPS will become one of the first global logistics companies to pilot humanoid labor at an industrial scale.
This move comes as UPS is undergoing a significant restructuring in response to declining package volumes, particularly from major clients like Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and economic pressures stemming from international tariffs. According to<a href="https://www.reuters.com/markets/us/ups-reports-fall-first-quarter-revenue-2025-04-29/"> Reuters</a>, UPS plans to cut 20,000 jobs and close 73 facilities by June, aiming to save $3.5 billion through workforce reductions, automation, and asset sales. These measures are part of UPS's strategy to adapt to shifting market dynamics and enhance operational efficiency.
See Also: <a href="https://www.benzinga.com/money/this-ai-imaging-technology-has-been-used-in-more-than-500-surgeries-now-you-can-be-part-of-the-ai-imaging-revolution">Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</a>
<h2 class="wp-block-heading">CEO Brett Adcock&#8217;s Vision for Robotic Integration</h2>
Adcock believes humanoid robots are the next frontier in workforce transformation. He said in a <a href="https://www.prnewswire.com/news-releases/figure-raises-675m-at-2-6b-valuation-and-signs-collaboration-agreement-with-openai-302074897.html">statement</a> that Figure&#8217;s vision is &#8220;to bring humanoid robots into commercial operations as soon as possible. AI and robotics are the future, and I am grateful to have the support of investors and partners who believe in being at the forefront."
Figure's mission has always been about filling the gap where human labor is in short supply or at risk. The startup<a href="https://www.figure.ai/"> says</a> it is building toward a future where robots can work side-by-side with humans, or even independently, across warehouses, manufacturing floors, and homes.
Figure AI is not alone in the humanoid race since competitors like Optimus, created by Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Agility Robotics' Digit are also vying to dominate this emerging sector. However, with backing from the world's top AI labs, chipmakers, and billionaires, Figure AI is showing that humanoid labor is no longer a sci-fi dream but a near-future solution to real-world industrial problems.
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Image: Shutterstock

ACHR

INTC

UPS Explores Humanoid Robots As Figure AI Secures $675M From Jeff Bezos, OpenAI, And Intel, Targeting $9B Revenue By 2029

These large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>) shares tumbled 19.90% after the company reported <a href="https://www.benzinga.com//node/45152696" target="_blank" rel="noreferrer noopener">worse-than-expected financial results</a>. Analysts slashed <a href="https://www.benzinga.com/quote/xyz/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast on the stock</a>.</li>
<li>Lineage, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LINE#NASDAQ">LINE</a>) shares fell 18.93% after reporting worse-than-expected <a href="https://www.benzinga.com//node/45093641" target="_blank" rel="noreferrer noopener">first-quarter sales results</a>. Some analysts lowered the <a href="https://www.benzinga.com/quote/line/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Becton, Dickinson and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDX#NYSE">BDX</a>) stock dipped 17.70%  after the company cut FY25 EPS guidance despite a hike in sales outlook. The company also missed <a href="https://www.benzinga.com//node/45140102" target="_blank" rel="noreferrer noopener">second-quarter revenue estimates</a>. Analysts cut <a href="https://www.benzinga.com/quote/bdx/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast on the stock</a>.</li>
<li>Coca-Cola (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NASDAQ">COKE</a>) shares decreased 16.36%  after the company reported a year-over-year decrease in <a href="https://www.benzinga.com//node/45116927" target="_blank" rel="noreferrer noopener">first-quarter financial results</a>.</li>
<li>Westlake Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) stock fell 14.50% after the company reported worse-than-expected <a href="https://www.benzinga.com//node/45161312" target="_blank" rel="noreferrer noopener">first-quarter sales results</a>.</li>
<li>Pilgrim&#8217;s Pride Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) stock dived 13.84% after the company reported worse-than-expected <a href="https://www.benzinga.com//node/45118399" target="_blank" rel="noreferrer noopener">first-quarter financial results</a>.</li>
<li>Ecopetrol S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EC#NYSE">EC</a>) shares declined 12.27% probably amid a drop in oil and natural gas prices following a decline in U.S. first-quarter GDP, which could weigh on demand outlook.</li>
<li>Alamos Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) shares were down 11.59% after the company reported <a href="https://www.benzinga.com//node/45119634" target="_blank" rel="noreferrer noopener">first-quarter results below estimates</a>. The stock may also be down amid a drop in gold spot price.</li>
<li>YPF Sociedad Anonima (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YPF#NYSE">YPF</a>) stock fell 9.09%.</li>
<li>Targa Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>) stock dived 8.87% after the company reported <a href="https://www.benzinga.com//node/45128247" target="_blank" rel="noreferrer noopener">earnings for the first quarter</a>.</li>
</ol>
Photo via Shutterstock

Trading Ideas

COKE

FSLR

LINE

TRGP

Block, Becton Dickinson And Pilgrim's Pride Are Among Top 10 Large-Cap Losers Last Week (Apr 28-May 2): Are The Others In Your Portfolio?

The weekend was a whirlwind of news, with Elon Musk&#8217;s reactions to Ray Dalio&#8217;s warning about U.S. decline and his mixed feelings about his first 100 days in office. Major U.S. retailers are pushing Chinese suppliers to resume shipments, while the Nasdaq has made a significant comeback.
Here&#8217;s a quick recap of the top stories.
Tesla CEO Responds To Dalio&#8217;s Warning
Billionaire investor Ray Dalio recently warned about the future of the United States, predicting a breakdown in the global order and the end of America&#8217;s dominant economic role. Tesla CEO Elon Musk responded by suggesting that China, not the U.S., is now the world&#8217;s true consumption powerhouse.
<a href="https://www.benzinga.com/news/25/04/45063781/elon-musk-reacts-after-ray-dalio-warns-of-us-decline-says-china-has-already-surpassed-america-as-global-consumption-leader">Read the full article here.</a>
Musk&#8217;s Mixed Feelings About DOGE
Elon Musk has expressed mixed feelings about his first 100 days in office, acknowledging progress in the Department of Government Efficiency (DOGE) but admitting limitations due to an "entrenched set of interests".
<a href="https://www.benzinga.com/markets/25/05/45163408/doge-not-as-effective-as-id-like-says-elon-musk-calls-reform-really-difficult-like-changing-direction-of-a-fleet-of-supertankers">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/news/25/04/45110267/a-worker-says-weve-been-sold-a-lie-work-like-a-dog-until-65-just-to-enjoy-maybe-10-15-years-of-freedom" target="_blank" rel="noreferrer noopener">A Worker Says We&#8217;ve Been Sold A Lie—&#8217;Work Like A Dog Until 65+ Just To Enjoy Maybe 10-15 Years Of Freedom&#8217;</a>
US Retailers Push Chinese Suppliers
Major U.S. retailers, including Walmart Inc., Home Depot Inc., and Target Corporation, have reportedly asked Chinese suppliers to resume shipments, with tariffs to be absorbed by the American retailers.
<a href="https://www.benzinga.com/markets/equities/25/04/45037102/walmart-home-depot-target-push-chinese-suppliers-to-resume-shipments-agree-to-absorb-tariffs-report">Read the full article here.</a>
Musk Targets Fed&#8217;s Renovation Spending
Elon Musk called for the Department of Government Efficiency (DOGE) to investigate the Federal Reserve's $2.5 billion headquarters renovation spending, escalating his scrutiny of the central bank.
<a href="https://www.benzinga.com/government/regulations/25/05/45160426/elon-musk-targets-feds-2-5-billion-headquarters-renovation-as-doge-scrutiny-of-central-bank-intensifies-thats-an-eyebrow-raiser">Read the full article here.</a>
Nasdaq&#8217;s Remarkable Recovery&nbsp;
The Nasdaq has staged a remarkable turnaround in April, transforming from what was initially dubbed the "worst April for the stock market since the Great Depression" to posting gains for the month.
<a href="https://www.benzinga.com/markets/equities/25/04/45032188/tom-lee-backs-scott-bessent-white-house-put-theory-as-nasdaq-flips-from-worst-april-start-since-great-depression-to-major-comeback">Read the full article here.</a>
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</ul>
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/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Image via Shutterstock

Economics

Media

Elon Musk Reacts After Ray Dalio Warns Of US Decline, US Retailers Push Chinese Suppliers To Resume Shipments And More: This Week In Economics

A federal rule that aimed to wipe medical debt <a href="https://www.benzinga.com/money/how-to-read-a-credit-report">off credit reports</a> is now on shaky ground — and it could be scrapped before it even takes effect. The policy, introduced during the Biden administration, was designed to prevent medical bills from dragging down credit scores or influencing lending decisions. But now, that effort may be undone.
The Consumer Financial Protection Bureau (CFPB), the agency behind the rule, recently changed course and joined trade groups in asking a judge to vacate the regulation. According to a USA TODAY <a href="https://www.usatoday.com/story/money/2025/05/01/trump-asks-court-to-end-biden-medical-debt-rule/83394901007/">report</a>, the agency argued that the rule exceeded its legal authority, surprising consumer advocates who expected the CFPB to defend its own policy. Originally set to take effect in March, the rule was already paused by a federal court and may now be permanently shelved.
Supporters of the rule say removing medical debt from credit reports is a commonsense reform that protects people from being penalized for unavoidable and often unexpected healthcare costs. About 15 million Americans currently have medical debt listed on their credit reports, which can make it harder to get approved for loans, <a href="https://www.benzinga.com/money/credit-cards">credit cards</a>, or even rental housing. Critics of the reversal warn this move could keep struggling families stuck in a cycle of bad credit caused by something as common as an emergency room visit or surgery.
On the flip side, credit industry groups argued the rule would restrict lenders from seeing the full picture of a borrower's financial situation. They believe access to complete information — including medical debt — helps lenders make more informed decisions and benefits borrowers in the long run.
The debate comes as credit reporting practices are already evolving. In recent years, the major credit bureaus voluntarily removed certain types of medical debt, including paid bills and debts under $500. Still, a large chunk of unpaid medical bills remains, and without a clear federal rule, it's up to the courts and individual lenders to decide how that information is used.
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</ul>
Photo: Shutterstock

Financial Advisors

Medical Debt Rule On The Brink: Who Is Impacted?

These large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Duolingo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>) shares rose 27.39% after the company reported better-than-expected financial results and raised <a href="https://www.benzinga.com//node/45149547" target="_blank" rel="noreferrer noopener">its FY25 sales guidance</a>. Several analysts <a href="https://www.benzinga.com/quote/duol/analyst-ratings" target="_blank" rel="noreferrer noopener">boosted the price forecast</a>.</li>
<li>CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) shares increased 24.15%.</li>
<li>Tenet Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) stock escalated 21.24% after the company reported better-than-expected financial results and raised <a href="https://www.benzinga.com//node/45061907" target="_blank" rel="noreferrer noopener">its FY25 adjusted EPS guidance</a>. Many analysts <a href="https://www.benzinga.com/quote/thc/analyst-ratings" target="_blank" rel="noreferrer noopener">boosted the price forecast</a>.</li>
<li>Carrier Global Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) stock upped 19.10% after it reported better-than-expected first-quarter financial results<a href="https://www.benzinga.com//node/45135625" target="_blank" rel="noreferrer noopener"> and raised its FY25 guidance</a>.</li>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) stock upped 18.90%. Akeso, Inc. announced the Chinese Health Authorities, the National Medical Products Administration (NMPA) approved ivonescimab for a second indication based on the results of the Phase 3 <a href="https://www.benzinga.com//node/45046531" target="_blank" rel="noreferrer noopener">trial, HARMONi-2 or AK112-303</a>.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) stock upped 18.31% last week after the company announced it launched its commercial self-driving <a href="https://www.benzinga.com//node/45128218" target="_blank" rel="noreferrer noopener">trucking service in Texas</a>.</li>
<li>Arista Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) shares were up 16.83% after Rosenblatt upgraded the stock from Sell to Neutral and raised its <a href="https://www.benzinga.com/quote/anet/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $55 to $85</a>.</li>
<li>Trane Technologies plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>) stock grew 14.83% after the company reported better-than-expected financial results and raised its FY25 GAAP EPS and <a href="https://www.benzinga.com//node/45108290" target="_blank" rel="noreferrer noopener">sales guidance above estimates</a>. Many analysts <a href="https://www.benzinga.com/quote/tt/analyst-ratings" target="_blank" rel="noreferrer noopener">boosted the price forecast</a>.</li>
<li>DexCom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) shares escalated 13.90% f<a href="https://www.benzinga.com//node/45149628" target="_blank" rel="noreferrer noopener">ollowing strong quarterly sales</a>. Many analysts <a href="https://www.benzinga.com/quote/dxcm/analyst-ratings" target="_blank" rel="noreferrer noopener">revised the price forecast</a>.</li>
<li>XPO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) shares increased 13.81%  after the company reported better-than-expected <a href="https://www.benzinga.com//node/45099967" target="_blank" rel="noreferrer noopener">first-quarter EPS results</a>. Many analysts <a href="https://www.benzinga.com/quote/xpo/analyst-ratings" target="_blank" rel="noreferrer noopener">revised the price forecast</a>.</li>
</ol>
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ANET

CARR

CRWV

DUOL

DXCM

EXAS

SMMT

Duolingo, CoreWeave And DexCom Are Among Top 10 Large-Cap Gainers Last Week (Apr 28-May 2): Are The Others In Your Portfolio?

The week was a whirlwind for&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with a series of news stories that painted a mixed picture for the tech giant. From tariff impacts to potential manufacturing shifts, easing App Store rules, and AI-enabled iPhone sales, the company made headlines on multiple fronts.
Apple Braces for $900 Million Tariff Impact&nbsp;&#8211; During the company&#8217;s fiscal second-quarter earnings call, CEO Tim Cook revealed that Apple is anticipating a $900 million cost impact in the June quarter due to tariffs. Cook also stated that the majority of iPhones sold in the U.S. during this period will be manufactured in India, with Vietnam serving as the production hub for most iPads, Macs, Apple Watches, and AirPods sold in the U.S.&nbsp;<a href="https://www.benzinga.com/tech/25/05/45156890/apple-ceo-tim-cook-warns-of-900-million-tariff-impact-in-june-quarter-expects-majority-of-iphones-sold-in-us-to-be-made-in-india">Read the full article here.</a>
Tim Cook Discusses Potential iPhone Manufacturing Shift to the U.S.&nbsp;&#8211; In a conversation with U.S. Commerce Secretary Howard Lutnick, Cook reportedly identified a key factor that could lead to iPhone manufacturing moving to the United States.&nbsp;<a href="https://www.benzinga.com/news/25/05/45179104/tim-cook-tells-commerce-secretary-lutnick-how-apple-could-bring-iphone-manufacturing-to-us">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/25/05/45179100/were-spending-1541-eating-out-and-956-on-groceries-a-month-says-one-couple-now-theyre-wondering-is-that-normal" target="_blank" rel="noreferrer noopener">&#8216;We&#8217;re Spending $1,541 Eating Out And $956 On Groceries A Month,&#8217; Says One Couple. Now They&#8217;re Wondering, Is That Normal?</a>
Apple Ordered to Ease App Store Rules&nbsp;&#8211; Following a U.S. court ruling against Apple&#8217;s anti-steering practices, Epic Games, backed by Tencent Holdings, proposed a peace deal. The deal involves Epic Games returning Fortnite to the App Store if Apple stops collecting commissions on purchases made outside its App Store and ceases blocking developers from linking to alternative payment methods.&nbsp;<a href="https://www.benzinga.com/news/legal/25/04/45123864/apple-ordered-to-ease-app-store-rules-in-us-epic-games-ceo-tim-sweeney-proposes-peace-deal-saying-well-return-fortnite-and-drop-all-litigation-only-if">Read the full article here.</a>
Apple Executive Accused of Lying Under Oath&nbsp;&#8211; U.S. District Judge Yvonne Gonzalez Rogers accused Apple and one of its top executives of deliberately evading a 2021 injunction meant to curb the company&#8217;s control over App Store payments. Rogers stated that Apple&#8217;s vice president of Finance, Alex Roman, &#8220;outright lied under oath&#8221; about when the company decided to impose a 27% commission on certain web-based purchases made through iPhone apps.&nbsp;<a href="https://www.benzinga.com/25/05/45126668/apple-lied-under-oath-judge-says-tim-cook-ignored-internal-warnings-in-epic-games-case-fallout-this-is-an-injunction-not-a-negotiation">Read the full article here.</a>
AI-Enabled iPhone Sales Surge Despite Siri Struggles&nbsp;&#8211; Despite facing scrutiny over delays in rolling out key Apple Intelligence and Siri features, CEO Tim Cook stated that the company&#8217;s AI-powered iPhones are already giving Apple a noticeable sales edge.&nbsp;<a href="https://www.benzinga.com/markets/equities/25/05/45161269/despite-reports-about-apples-ai-and-siri-struggles-tim-cook-says-iphone-16-demand-surged-in-ai-enabled-countries">Read the full article here.</a>
Read Next:&nbsp;<a href="https://benzinga.com/25/05/45176607/bitcoin-ethereum-xrp-dogecoin-relatively-flat-low-volume-weekend-can-change-things-but-well-see" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Hold Steady As Bulls Eye Further Gains &#8211; Benzinga</a>
Photo Courtesy: hanohiki via Shutterstock.com
 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/navdeep-yadav" target="_blank" rel="noopener">Navdeep Yadav.</a>

Apple Braces For $900 Million Tariff Impact, Tim Cook Discusses Potential iPhone Manufacturing Shift To US With Lutnick And More: This Week In Appleverse

<a href="https://www.benzinga.com/news/25/04/44821570/bezos-bets-big-slate-auto-quietly-raises-111m-series-a-to-build-25k-ev-truck-eyes-2026-launch-in-indianapolis">Slate Auto</a>, the Jeff Bezos-backed EV startup making headlines for its stripped-back, deeply customizable approach, has raised over $111 million to bring its first vehicle, the &#8220;Blank Slate,&#8221; to market by the end of 2026.
The startup is taking a different approach to electric vehicle design, stripping away traditional features in favor of simplicity. Its modular, paint-free, screen-free EV pickup has ignited curiosity for its affordability and customization stance, and now, with hundreds of millions in funding and over 400 employees, Slate Auto is scaling up for production in Indiana,<a href="https://techcrunch.com/2025/04/24/bezos-backed-slate-auto-debuts-analog-ev-pickup-truck-that-is-decidedly-anti-tesla/"> TechCrunch</a> writes.
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<h2 class="wp-block-heading">A Truck That Starts With Less So You Can Build More</h2>
Slate Auto's vehicle enters the market with a dramatically different philosophy,<a href="https://www.businessinsider.com/slate-auto-truck-ev-electric-truck-photos-price-details-revealed-2025-4"> Business Insider</a> writes. Priced around $25,000, the truck comes without traditional paint or even power windows, but that's entirely intentional.
The design strips out traditional cost centers to maximize affordability while inviting consumers to build up the vehicle as their needs and budget evolve. Slate <a href="https://www.slate.auto/en/news">said</a> it is launching with over 100 available accessories, including modular kits that transform the truck from a two-seater pickup into a five-passenger SUV.
Instead of a single, fixed model, buyers start with a platform that can be reshaped through &#8220;starter packs&#8221; bundled customization options that include tech, comfort, or utility upgrades. According to TechCrunch, the base model offers a 150-mile range with a 52.7kWh battery and 1,400-pound payload capacity. A larger battery is optional, pushing the range up to 240 miles. Drivers can opt for entertainment screens, upgraded speakers, racks, light kits, and even branded tailgate wraps as aftermarket add-ons.
Trending: Donald Trump just announced a $500 billion AI infrastructure deal — <a href="https://www.benzinga.com/money/seize-a-share-while-you-still-can-in-the-2-trillion-entertainment-market-with-elf-labs-at-just-2-25-share">here's how you can invest in the entertainment market's next big disruptor at $2.25 per share</a>.
Slate has also launched Slate University, a digital DIY learning hub offering how-to videos, installation support, and resources to help owners modify their vehicles on their own terms.
CEO Chris Barman, a longtime auto industry executive with roots at Chrysler, says Slate is offering more than a truck. "We are building the affordable vehicle that has long been promised but never been delivered," Barman<a href="https://www.youtube.com/watch?v=ZWVhkgMIo6I&amp;ab_channel=InsideEVs"> said</a> at Slate's unveiling on April 24 in Long Beach, California.
<h2 class="wp-block-heading">Major Backers Signal A Shift In EV Strategy</h2>
Slate Auto's $111 million Series A fundraising round is backed by high-profile investors, including Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Bezos via his private family office, and Mark Walter, CEO of Guggenheim Partners and majority owner of the L.A. Dodgers.
According to<a href="https://techcrunch.com/2025/04/08/inside-the-ev-startup-secretly-backed-by-jeff-bezos/"> TechCrunch</a>, Walter has played a hands-on role in guiding Slate's early strategy through his existing manufacturing network. Other investors include early backers of Re:Build Manufacturing, where Slate Auto was initially incubated.
With this strategic funding in place, Slate joins a growing class of EV startups shifting their focus away from expensive, feature-heavy vehicles toward more scalable, accessible options for first-time EV buyers,<a href="https://www.businessinsider.com/slate-auto-ceo-jeff-bezos-backed-ev-startup-cheap-pickup-2025-4"> as Business Insider</a> reported.
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>
According to<a href="https://www.theverge.com/news/658223/slate-factory-electric-truck-location-indiana"> The Verge</a>, Slate will begin production of its truck in a retooled facility located in Warsaw, Indiana. The move places Slate among a rising number of EV companies committing to domestic production as a means to stabilize supply chains and reduce costs, Business Insider<a href="https://www.businessinsider.com/slate-auto-electric-pickup-truck-indiana-factory-location-2025-4"> reported</a>.
Over 40 of job listings posted on<a href="https://www.linkedin.com/company/slateauto/jobs/"> LinkedIn</a> show that the company is actively hiring across engineering, operations, and customer experience roles in preparation for its 2026 launch window.
<h2 class="wp-block-heading">A Bet On Personalization, Simplicity, And Mass Appeal</h2>
While many EV startups have struggled to reach scale with premium offerings, Business Insider says that Slate is flipping that model entirely. Instead of building high-end vehicles and slowly lowering prices, the company is starting with affordability and betting that personalization and low barriers to entry will drive long-term loyalty.
The company's bold decision to deliver a truly modular EV has already separated it from competitors like Rivian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), and from now-defunct challengers like Fisker and Canoo, which struggled with the capital-intensive path to production. Slate Auto's vision of &#8220;personal, not premium&#8221; could represent a long-overdue shift in how electric vehicles are imagined, built, and sold in the U.S.
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RIVN

Slate Auto Secures $111M From Jeff Bezos And Guggenheim's Mark Walter To Build $20K Electric Truck, Challenging Tesla's Market Dominance

The weekend was a whirlwind of activity in the financial world, with a particular focus on cryptocurrencies. From Peter Schiff&#8217;s surprising preference for Dogecoin over Bitcoin to Riot Platforms&#8217; Q1 results, there was no shortage of intriguing developments. Let&#8217;s dive into the top stories.
Peter Schiff Prefers Dogecoin Over Bitcoin
Known for his criticism of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Peter Schiff has made headlines by expressing a preference for Dogecoin, a meme-based cryptocurrency, over the leading digital currency. Schiff&#8217;s stance on Bitcoin has always been critical, questioning its value and the investment rationale of its holders.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45127948/peter-schiffs-bitcoin-rejection-is-no-surprise-but-the-economist-once-called-dogecoin-a-superior-cryptocurrency">Read the full article here.</a>
Riot Platforms&#8217; Q1 Results
Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) reported its Q1 financial results after market close on Thursday. The company saw a significant increase in total revenue from $79.3 million in the prior year&#8217;s quarter, primarily driven by a $71.5 million increase in Bitcoin mining revenue.
<a href="https://www.benzinga.com/trading-ideas/movers/25/05/45154528/bitcoin-miner-riot-platforms-reports-q1-results-shares-slide">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/45111384/shiba-inu-burn-rate-skyrockets-2094-what-is-going-on" target="_blank" rel="noreferrer noopener">Shiba Inu Burn Rate Skyrockets 2,094%: What Is Going On?</a>
Classover Holdings&#8217; $400 Million Equity Deal
Classover Holdings Inc. announced a $400 million equity purchase facility agreement with Solana Strategies Holdings. The funds will support working capital, acquisitions, and a new treasury strategy centered around Solana tokens.
<a href="https://www.benzinga.com/trading-ideas/movers/25/05/45151295/classover-holdings-kidz-announces-400-million-equity-deal-to-back-solana-based-treasury-strategy-whats-going-on">Read the full article here.</a>
SoFi Reintroduces Crypto
SoFi Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) plans to reintroduce cryptocurrency investing by the end of 2025, following a major shift in the regulatory environment under the Trump administration. SoFi had previously discontinued its crypto investment services in late 2023 due to heightened federal scrutiny of digital assets.
<a href="https://www.benzinga.com/news/management/25/04/45084982/sofi-brings-crypto-back-after-trump-policy-changes">Read the full article here.</a>
World Liberty&#8217;s Stablecoin In $2 Billion Deal
Eric Trump announced that the Trump family-backed stablecoin USD1 will be used to close a $2 billion deal with cryptocurrency exchange Binance. The announcement was made at the Token2049 cryptocurrency conference in Dubai.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45160707/eric-trump-says-world-libertys-stablecoin-will-be-used-to-close-a-2-billion-deal-dollar-token-to-also-get-integrated-with-justin-suns-tron-blockchain">Read the full article here.</a>
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</ul>
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/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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World Liberty's Stablecoin In $2 Billion Deal, SoFi Reintroduces Crypto And Riot Platforms' Q1 Results: This Week In Crypto

The week has been a whirlwind of political and financial news. From Elon Musk&#8217;s mixed feelings about his role in the Department of Government Efficiency (DOGE) to the impeachment proceedings against President Donald Trump, there&#8217;s a lot to unpack. Let&#8217;s dive into the top stories of the week.
Musk&#8217;s DOGE Struggles
Elon Musk, CEO of&nbsp;Tesla Inc., has expressed his concerns about the effectiveness of his role in DOGE. Musk described his initial tenure as &#8220;very, very intense,&#8221; praising his team&#8217;s efforts but also acknowledging the challenges posed by an &#8220;entrenched set of interests.&#8221;&nbsp;<a href="https://www.benzinga.com/markets/25/05/45163408/doge-not-as-effective-as-id-like-says-elon-musk-calls-reform-really-difficult-like-changing-direction-of-a-fleet-of-supertankers">Read the full article here.</a>
Impeachment Proceedings Against Trump
Rep. Shri Thanedar (D-Mich.) has initiated impeachment proceedings against&nbsp;President Donald Trump. The impeachment articles include accusations related to various actions by the incumbent that Thanedar claims undermine democracy. However, the impeachment articles face slim chances in the Republican-controlled House.&nbsp;<a href="https://www.benzinga.com/25/04/45056899/michigan-democrat-files-impeachment-articles-against-trump-over-real-damage-to-democracy-enough-is-enough">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/tech/25/04/45057119/anthony-scaramucci-once-purchased-1200-worth-of-microsoft-stock-for-his-son-in-1992-and-then-forgot-about-it-three-decades-later-it-quietly-turned-into-a-small-fortune-that-he-didn" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Once Purchased $1,200 Worth Of Microsoft Stock For His Son In 1992 And Then Forgot About It — Three Decades Later, It Quietly Turned Into A Small Fortune</a>
Trump&#8217;s First 100 Days
President Trump has now been back in the White House for 100 days. This article provides a comprehensive look at where Trump stands with his election promises, voter polls, signing of laws and executive orders, and the stock market after his first 100 days.&nbsp;<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/04/45069781/trumps-first-100-days-what-he-delivered-where-he-fell-short-how-markets-reacted">Read the full article here.</a>
AOC&#8217;s Inquiry into Congressional Stock Trading
Rep. Alexandria Ocasio-Cortez (D-N.Y.) has used the recent tariff-driven market swings to renew her push for a ban on congressional stock trading. She and other Democrats are calling for transparency and legislative reform to address what they view as systemic ethical risks.&nbsp;<a href="https://www.benzinga.com/news/legal/25/04/45056354/alexandria-ocasio-cortez-askshow-much-did-majorie-taylor-greene-make-when-she-bought-the-dip">Read the full article here.</a>
Musk&#8217;s Scrutiny of Federal Reserve Spending
Elon Musk has called for DOGE to investigate the Federal Reserve's $2.5 billion headquarters renovation spending. This move escalates his scrutiny of the central bank as he prepares to reduce his role in the government efficiency initiative.&nbsp;<a href="https://www.benzinga.com/government/regulations/25/05/45160426/elon-musk-targets-feds-2-5-billion-headquarters-renovation-as-doge-scrutiny-of-central-bank-intensifies-thats-an-eyebrow-raiser">Read the full article here.</a>
Read Next:&nbsp;<a href="https://benzinga.com/25/05/45179100/were-spending-1541-eating-out-and-956-on-groceries-a-month-says-one-couple-now-theyre-wondering-is-that-normal" target="_blank" rel="noreferrer noopener">&#8216;We&#8217;re Spending $1,541 Eating Out And $956 On Groceries A Month,&#8217; Says One Couple. Now They&#8217;re Wondering, Is That Normal?</a>
 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/navdeep-yadav" target="_blank" rel="noopener">Navdeep Yadav.</a> 
Image via Shutterstock

Trump's First 100 Days, Michigan Democrat Files For President's Impeachment, Elon Musk's Scrutiny Of Federal Reserve Spending And More: This Week In Politics

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