La catena delle opzioni mostra i dati chiave delle opzioni azionarie di BiomX a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per BiomX..

BiomX (AMEX:PHGE) Azioni, Catena delle Opzioni

BiomX Inc is a clinical-stage microbiome company based in Israel. The company is engaged in developing both natural and engineered phage cocktails designed to target and destroy harmful bacteria that affect the appearance of the skin, as well as harmful bacteria in chronic diseases, such as inflammatory bowel disease, colorectal cancer, and primary sclerosing cholangitis. BX004 is its therapeutic phage product candidate under development for chronic pulmonary infections caused by Pseudomonas aeruginosa, or P. aeruginosa, a main contributor to morbidity and mortality in patients with CF.

BiomX Inc

BiomX Inc Warrants (13/12/2023)

<ul>
<li>An entity partly controlled by Eric Trump may be selling its Ethereum holdings despite his infamous buy the dip post in February.</li>
<li>The reported sale has sparked a flurry of reactions online.</li>
<li>Eric&#8217;s father is partially responsible for the hit to his fledgling career as a market punter.</li>
</ul>
Two months ago, Eric Trump took to X to make a post that has become a meme in cryptocurrency circles.
&#8220;In my opinion, it&#8217;s a great time to add ETH. You can thank me later,&#8221; he <a href="https://x.com/EricTrump/status/1886541132903133230?t=sEcPCKaJk4KxTdyxVOD5RA&amp;s=19">wrote</a>. At the time, the asset had just fallen below the psychologically important $3,000 price level and appeared to be struggling to make a comeback as it traded near $2,900.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44652091/if-you-had-invested-in-ethereum-when-eric-trump-said-its-a-great-time-youd-be-down-39">As has been frequently reported</a>, this comeback did not materialize despite Eric&#8217;s recommendation, and now, with a further 48% decline, he may be eating his own words.
Don't Miss:
<ul>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> this is your last chance to become an investor for $0.80 per share.</a></li>
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a></li>
</ul>
<h2 class="wp-block-heading">World Liberty Financial Cutting Ethereum Losses?</h2>
An entity partly controlled by Eric may be selling its Ethereum holdings despite his infamous buy the dip post in February.
On Wednesday, crypto smart money tracker Lookonchain <a href="https://x.com/lookonchain/status/1909782070618210423?t=RXunFUn_fdUrt7EU8T6Vxw&amp;s=19">flagged</a> a transaction from an address <a href="https://intel.arkm.com/explorer/address/0x77a56647fba0eb60abb7395574Cded565F6F94F6">labeled</a> World Liberty Financial on Arkham Intelligence. It suggested that the decentralized finance project taken over by a Trump family firm partly controlled by Eric was dumping its Ethereum holdings at a loss.
Specifically, the address sold nearly 5,500 ETH for $8 million at an average price of $1,465 per coin. The reported sale comes at a potential 55% loss to World Liberty Financial, which accumulated 67,498 coins for $210 million at an average price of $3,259, a stash now $125 million in the red.
Trending: It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
Neither World Liberty Financial nor Arkham Intelligence immediately responded to requests for comment by Benzinga.&nbsp;
The Lookonchain report has sparked a flurry of reactions online, with many unable to avoid pointing out the irony in light of Eric&#8217;s February statements.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Well, did you? <a href="https://t.co/en7jAdQJU3">https://t.co/en7jAdQJU3</a> <a href="https://t.co/a05G7rgc0T">pic.twitter.com/a05G7rgc0T</a>
&mdash; CryptoAmsterdam (@damskotrades) <a href="https://twitter.com/damskotrades/status/1909873435829817642?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The situation is perhaps made more ironic by the fact that Eric&#8217;s father, President Donald Trump, is partially responsible for the hit to his fledgling career as a market punter.
See Also: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.55 per share now</a>.
<h2 class="wp-block-heading">Trump Tariffs Weighing On Markets</h2>
Over the past few weeks, President Trump has implemented <a href="https://www.benzinga.com/government/regulations/25/04/44618089/trumps-tariffs-surprise-triggers-carnage-magnificent-7-set-to-wipe-out-nearly-700-billion-in-market-value">aggressive tariff policies</a> that have culminated in a trade war that has seen the U.S. <a href="https://www.benzinga.com/markets/equities/25/04/44704005/trumps-104-tariff-on-chinese-imports-sends-stock-futures-plunging-dow-falls-over-500-points">place a 104% tariff on China</a>, with the latter <a href="https://www.benzinga.com/25/04/44708618/china-retaliates-with-massive-84-tariff-hike-on-us-goods-amid-escalating-trade-war">retaliating with a levy of 84%</a>.
The resulting uncertainty has tanked global markets, including the cryptocurrency market. The S&amp;P 500 is flirting with bear market territory, at one point dropping as much as 20% below its all-time high. The Nasdaq is firmly in bear market territory at 22% below its February record. Bitcoin, the cryptocurrency market leader, has fallen as much as 32% below its January all-time high.
As such, a near-term reversal in Eric&#8217;s fortunes will likely hinge on a shift in his father&#8217;s policies, which seems unlikely.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/money/vatom-adv">Invest in the Future of Digital Engagement. Own a Piece of the $100 Billion Metaverse Today for Just $500.</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>

Personal Finance

Trump Family Now Reportedly Selling Ethereum At A Loss 2 Months After Eric Said 'It's A Great Time To Add ETH'

The Tesla Cybertruck may be polarizing among adults, but it <a href="https://www.benzinga.com/markets/25/03/44346155/trumps-tesla-shoutout-falls-flat-no-spike-in-orders-or-inventory-movement">is a hit among children</a>.
What Happened: Children are enamored with the Cybertruck, the brainchild of Elon Musk and his company Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). The vehicle has been at the center of public opinion, with some owners facing vandalism and negative reactions due to its association with Musk and his controversial stances.
However, for kids, the Cybertruck is a source of fascination. The truck&#8217;s distinctive and rare design is a head-turner, especially for a demographic that finds excitement in the unique and the extraordinary. Parents have noted their children&#8217;s obsession with the vehicle, with some kids even creating Cybertruck-themed art.
According to a report <a href="https://www.businessinsider.com/tesla-cybertruck-kids-love-elon-musk-2025-4">by</a> Insider, despite Musk&#8217;s controversial image, children are intrigued by the billionaire who makes rockets and cool-looking cars. The concept that Musk is a controversial figure due to his political opinions and role in DOGE is not something easily explained to a small child.
At the same time, trying to explain why Elon Musk is considered controversial—whether due to his political views or involvement with DOGE—isn't exactly something you can easily break down for a young child.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/09/40971831/putin-ally-who-unveiled-tesla-cybertruck-with-machine-gun-last-month-now-says-elon-musk-remotely-dis" target="_blank" rel="noreferrer noopener">Putin Ally Who Unveiled Tesla Cybertruck With Machine Gun Last Month Now Says Elon Musk ‘Remotely Disabled' The Militarized EV</a>
Even parents who are not fans of Musk or the Cybertruck have observed their children&#8217;s fascination with the vehicle. The market has responded with a variety of Cybertruck-themed toys and books, further fueling the interest among kids.
Not long ago, Musk was widely seen as an inspiring, uncontroversial figure in STEM—someone kids could look up to. But his growing involvement in politics, especially around the 2024 election, and his continued promotion of Dogecoin, have shifted public perception. 
As noted in Nate Silver&#8216;s Silver <a href="https://www.natesilver.net/p/elon-musk-polls-popularity-nate-silver-bulletin">Bulletin</a>, Musk's favorability took a significant hit last summer, flipping from positive to negative. Today, he&#8217;s facing record-low approval, with 53.5% of respondents viewing him unfavorably.
Why It Matters: While the Cybertruck may be a symbol of controversy for adults, for children, it represents a cool-looking car that sparks their imagination and curiosity. 
This fascination among the younger generation could potentially translate into a future consumer base for Tesla. As these children grow up, their early interest in the Cybertruck could influence their vehicle purchases in the future. 
Furthermore, the market response in creating Cybertruck-themed toys and books indicates a potential for ancillary revenue streams tied to the vehicle&#8217;s design and popularity.
Read Next
<a href="https://www.benzinga.com/news/25/03/44348055/anti-musk-protester-vandalizes-tesla-cybertruck-with-swastika-shocking-jewish-owner">Anti-Musk Protester Vandalizes Tesla Cybertruck With Swastika, Shocking Jewish Owner</a>
Shutterstock: Iv-olga

News

Tech

TSLA

Elon Musk's Cybertruck Is Controversial, But Kids Love It

A 52-year-old man recently called into "The Ramsey Show" to discuss the $12,000 in credit card debt that he has accumulated on 27 credit cards. Host Dave Ramsey specializes in helping people get out of debt, and he told the caller to take <a href="https://www.youtube.com/watch?v=4PqkWwmPQTI">drastic action</a>.
"Chop them all up. Every one of them," Ramsey said of the credit cards. Ramsey explained that the caller should cut up his credit cards.&nbsp;
It may sound dramatic, but the caller has to get focused like his life depends on it. That's how Ramsey sees it. Getting your finances right creates more opportunities, but being in credit card debt for too long makes it much harder to invest money and build the long-term wealth that you need to retire when you are ready.
Don't Miss:
<ul>
<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 $0.26/share!</a></li>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> this is your last chance to become an investor for $0.80 per share.</a></li>
</ul>
Ramsey also shared some strategies for getting out of credit card debt. While these suggestions specifically cater to the caller, anyone can use these tactics to trim their credit card balances.&nbsp;
<h2 class="wp-block-heading">Stop The Bleeding</h2>
Ramsey first recommends that the caller stop the bleeding by not using his credit cards anymore. Ramsey believes that the caller can get out of debt in a few months, and it is plausible. The caller has $12,000 in credit card debt and earns $200,000 per year.&nbsp;
Ramsey tried to pinpoint if the caller had any vices that resulted in the debt despite having a high salary. The caller mentioned a $4,000 electric lawn mower but was reluctant to give any information. It came out later in the call that the 52-year-old man provides financial support for his ex. The caller said he gives $15,000 in support to his ex each year, but Ramsey assumed it was more. He told the caller to stop giving money to the ex and focus exclusively on the children.
Trending: <a href="https://www.benzinga.com/money/arrived-private-credit-fund">Bezos' Favorite Real Estate Platform Launches A Way To Ride The Ongoing Private Credit Boom</a>
<h2 class="wp-block-heading">Write A Detailed Budget</h2>
Ramsey also told the caller to write a detailed budget. This advice was especially useful since the caller had a fuzzy idea of how he was spending his money. It's possible that the caller knows how he is allocating money but wants to keep some of that information private.
A clear budget defines how you will spend your money. However, it also establishes how you will not spend money. Ramsey said that if it's not on your budget, you can't spend money on it. While sticking to a budget requires discipline, it's very rewarding. The caller should be able to pay off $12,000 quickly if he minimizes expenses and maintains a $200,000 annual salary.&nbsp;
Ramsey alluded to this by saying that the real problem is that the caller has no idea where the money is going. Knowing how you spend money can give you the necessary clarity to make key changes in your finances that translate into lower debt.
See Also: <a href="https://www.benzinga.com/money/suze-orman-retirement-bucket">&#8216;Which Bucket Do I Draw From First?&#8217; Suze Orman Explains To 67-Year-Old The Best Order For Tapping Into Her Retirement Accounts</a>
<h2 class="wp-block-heading">Build Up The Bank Accounts</h2>
The caller mentioned that he has no money in his savings or checking accounts. While he makes a good salary, having nothing in your bank accounts or investments makes you more vulnerable when you are ready to retire.
Some people realize this fact in their 60s and 70s when it is more difficult to switch course. Once the caller gets out of credit card debt, he should make it a priority to build up his bank accounts. That way, he can start accumulating a nest egg instead of having limited options when he retires.
Ramsey believes in having an emergency fund that can cover three to six months of living expenses. Then, the caller can decide to continue building the emergency fund or put the extra cash into assets.&nbsp;
Read Next:
<ul>
<li>It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a></li>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
</ul>

A 52-Year-Old Man Who Owes Money On 27 Credit Cards Gets An Ultimatum From Dave Ramsey: 'Chop Them All Up. Every One Of Them'

<ul>
<li>JAN3 CEO Samson Mow believes that Tether is set to surpass Ethereum in market capitalization.</li>
<li>The gap in the market capitalization of Tether and Ethereum has been rapidly narrowing.</li>
<li>Tether is not the only asset that has been tipped to flip Ethereum.</li>
</ul>
Once gushed over and tipped to usurp Bitcoin because of its programmability, Ethereum now faces what at least one analyst <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44356017/standard-chartered-lowers-ethereum-price-target-to-4000-heres-why-a-coinbase-blockchain-is-to-blame">has dubbed a &#8220;midlife crisis.&#8221;</a> Amid a lack of a definitive investment thesis, its native token, ETH, has grossly underperformed the competition.
Now, the would-be Bitcoin usurper risks ceding ground to an unlikely contender.
Don't Miss:
<ul>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> this is your last chance to become an investor for $0.80 per share.</a></li>
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a></li>
</ul>
<h2 class="wp-block-heading">Tether Closing In On Ethereum?</h2>
JAN3 CEO Samson Mow believes that Tether is set to surpass Ethereum in market capitalization.
&#8220;Tether will flip Ethereum this year,&#8221; Mow <a href="https://x.com/Excellion/status/1886858954028015644?t=io3TGfVilUVYGnr-cKa9xw&amp;s=19">asserted</a> in an X post on Feb. 4 as Tether hit $140 billion in market capitalization.
On Wednesday, he shared this view again, <a href="https://x.com/Excellion/status/1909851227820523922?t=s-hbvCr_O9FjHNac4q06Pg&amp;s=19">adding</a> &#8220;Getting closer,&#8221; as he showed a screenshot of market capitalization rankings that showed only a $32 billion gap between Ethereum and Tether, with market capitalizations of $175.62 billion and $143.91 billion, respectively planets away from Bitcoin&#8217;s $1.52 trillion.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Getting closer. <a href="https://t.co/pkF4ZJNgwi">https://t.co/pkF4ZJNgwi</a> <a href="https://t.co/mkipPl3Jif">pic.twitter.com/mkipPl3Jif</a>
&mdash; Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1909851227820523922?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Trending: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.55 per share now</a>.
While Mow&#8217;s prediction of Tether overtaking Ethereum in the cryptocurrency asset rankings is likely driven by some level of schadenfreude as a Bitcoin maximalist, he is not the only one considering the possibility. The idea has taken root in the cryptocurrency subreddit.
One Redditor <a href="https://www.reddit.com/r/CryptoCurrency/s/443y5hxzwh">stressed</a> the possibility by highlighting the decline in several key Ethereum metrics even as USDT adoption grows.
&#8220;ETH dominance is near multi-year lows. DeFi TVL is stagnating, NFT volumes are down, and gas fees are no longer a meaningful moat. Tether, ironically, has become the most used asset across chains. If ETH can&#8217;t reclaim narrative dominance soon, a USDT flippening could signal a deeper shift in crypto capital flows-away from smart contract risk and toward dollar-denominated stability,&#8221; the Redditor wrote.
Another Redditor, in a more highly engaged <a href="https://www.reddit.com/r/CryptoCurrency/s/fql9GfWHDu">post</a>, highlighted the narrowing gap between Ethereum and Tether, describing it as &#8220;The Flippening nobody wanted to see.&#8221;
But Tether may not be the only asset in the running to flip Ethereum.
See Also: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
<h2 class="wp-block-heading">Standard Chartered Backs XRP</h2>
On Tuesday, Standard Chartered Head of Digital Assets Research Geoffrey Kendrick backed XRP, the native token of the XRP Ledger associated with blockchain payments firm Ripple, <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44708153/xrp-will-overtake-ethereum-by-2028-standard-chartered">to eventually surpass Ethereum</a>.
&#8220;By the end of 2028 we see XRP&#8217;s market cap overtaking Ethereum&#8217;s. That will make XRP the second largest (non-stablecoin) Digital Asset at that time,&#8221; Kendrick wrote.
The view comes from the firm expecting XRP to benefit from an anticipated rise in the adoption of cryptocurrencies for cross-border payments and a potential tokenization push from Ripple. On the other hand, the firm has tipped Ethereum to continue to underperform the market amid perceived value extraction by Layer 2 chains.&nbsp;
At the time, Kendrick argued that a reversal in Ethereum&#8217;s outlook would require a shift in policy from the Ethereum Foundation.
&#8220;Only a proactive change of commercial direction from the Ethereum Foundation &#8211; such as taxing layer 2s &#8211; could achieve that now, in our view. We see this as unlikely,&#8221; he wrote.
Read Next:
<ul>
<li>Have $200K saved?<a href="https://www.benzinga.com/money/have-200k-saved-heres-how-to-turn-it-into-lasting-wealth"> Here's how to turn it into lasting wealth</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>

Will Tether Flip Ethereum This Year? JAN3 CEO Samson Mow Says Yes As Market Cap Gap Narrows

In the midst of a wider cryptocurrency market recovery, the burn rate of Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) has seen a dramatic increase of 580%.
What Happened: A significant rise in the burn rate and price of the Shiba Inu token, despite a decrease in volume.&nbsp;Data from blockchain tracking firm&nbsp;Shibburn indicates a 580.28% increase in SHIB&#8217;s&nbsp;burn rate over the last&nbsp;day.
This surge coincides with a 4.27% increase in the overall crypto market capitalization. SHIB&#8217;s price has also followed this upward trend, rising by 5.89% during the same period.
The SHIB team reportedly burned 16,607,692 SHIB in the last 24 hours, a 590.19% increase from the previous day. This token burning strategy is designed&nbsp;to reduce the circulating supply&nbsp;and create scarcity.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">HOURLY SHIB UPDATE<a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> Price: $0.0000122 (1hr 0.08% ▲ &#x7C; 24hr 5.46% ▲ ) Market Cap: $7,187,116,903 (5.68% ▲) Total Supply: 589,252,243,610,998 TOKENS BURNT Past 24Hrs: 16,607,692 (580.28% ▲) Past 7 Days: 79,148,012 (-57.86% ▼)
&mdash; Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1910784968483115202?ref_src=twsrc%5Etfw">April 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
However, despite the daily increase, SHIB&#8217;s weekly burn rate has seen a significant decline. The data shows&nbsp;a 57.86% drop compared to&nbsp;the previous week. The&nbsp;sudden jump in the burn&nbsp;rate is speculated to be a move by the SHIB team&nbsp;to restore investor confidence and&nbsp;fuel bullish momentum.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44348135/shiba-inus-burn-rate-soars-removing-505-million-tokens-from-circulation">Shiba Inu&#8217;s Burn Rate Soars, Removing 505 Million Tokens From Circulation</a>
Despite the increase in SHIB&#8217;s burn rate and price, its trading volume remains low, which has raised&nbsp;concerns among investors. <a href="https://coinmarketcap.com/currencies/shiba-inu/">Data </a>from&nbsp;CoinMarketCap shows a significant slump of 21.54% in SHIB&#8217;s trading volume as of April 11.
Why It Matters: The increase in SHIB&#8217;s burn rate comes at a time when the cryptocurrency market is experiencing a rebound. This could be a strategic move by the SHIB team to capitalize on the market&#8217;s upward trend and stimulate further growth. 
However, the decrease in trading volume could be a cause for concern, as it may indicate a lack of investor interest or confidence in the token. 
The SHIB team&#8217;s decision to increase the burn rate could be an attempt to counteract this and stimulate demand by creating scarcity.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42935252/shiba-inu-burns-skyrocket-by-300-amid-calls-for-larger-burns-from-shib-army" target="_blank" rel="noreferrer noopener">Shiba Inu Burns Skyrocket by 300% Amid Calls for Larger Burns From SHIB Army</a>
Image via Shutterstock

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

Cryptocurrency

Markets

$SHIB

Shiba Inu's Burn Rate Skyrockets 580% as Cryptocurrency Market Rebounds

At 35, Aubrey Bertram was looking forward to a major financial milestone: erasing more than $247,000 in student loan debt. But with just 29 months left until forgiveness, her progress has come to a halt.
According to <a href="https://www.nbcnews.com/business/personal-finance/35-year-old-was-29-months-away-getting-247804-student-debt-forgiven-no-rcna199358">NBC News</a>, Bertram, a staff attorney at nonprofit land conservation organization Wild Montana, was working toward loan cancellation through the Public Service Loan Forgiveness program. She had carefully mapped out her career to qualify for the program, which forgives remaining federal student loan balances for government and nonprofit workers after 10 years of qualifying payments.
Now, like millions of other borrowers, she's stuck in limbo.
Don't Miss:
<ul>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> this is your last chance to become an investor for $0.80 per share.</a></li>
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a></li>
</ul>
<h2 class="wp-block-heading">Loan Forgiveness Timeline Put on Pause</h2>
Bertram had enrolled in the Biden-era SAVE plan — Saving on a Valuable Education — which was designed to lower monthly payments and offer a clearer path to forgiveness. But legal challenges led by Republican states resulted in a federal court <a href="https://www.benzinga.com/government/24/07/39849095/appeals-court-blocks-bidens-save-student-loan-debt-relief-plan">blocking the SAVE plan</a> last year.&nbsp;
Unlike the pause during the COVID-19 pandemic, this current forbearance doesn't count toward forgiveness under PSLF or other income-driven repayment plans. That means time is passing, but Bertram and others like her aren't getting any closer to their debt being wiped away.
"In the end, we may see borrowers lose over a year of monthly payments to count toward forgiveness," said Elaine Rubin of Edvisors, an organization that helps students understand college financing.
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
<h2 class="wp-block-heading">What Borrowers Can Do Now</h2>
While SAVE is frozen, the <a href="https://www.benzinga.com/general/education/25/03/44444175/trump-orders-steps-to-dismantle-department-of-education-what-it-means-for-student-loans">U.S. Department of Education</a> has reopened applications for several older IDR plans. These include:
<ul>
<li>Income-Based Repayment, IBR </li>
<li>Pay As You Earn, PAYE</li>
<li>Income-Contingent Repayment, ICR</li>
<li></li>
</ul>
However, there's a catch. Scott Buchanan, executive director of the Student Loan Servicing Alliance, told NBC News that automatic forgiveness after 20 or 25 years may not apply to these plans under current legal interpretations. Still, borrowers in these plans can continue to make progress toward PSLF if they qualify.
Additionally, past payments made under one IDR plan can count toward forgiveness in another — for example, switching from ICR to IBR — as long as eligibility criteria are met.
See Also: Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
<h2 class="wp-block-heading">Staying Put or Switching Plans?</h2>
Bertram has chosen to stay in the SAVE forbearance for now, despite the fact that it isn't helping her move toward forgiveness. She's concerned that switching to another plan could result in even more uncertainty.
"You're constantly being jerked around by political rhetoric," Bertram said. "I just hope I'm student-debt free before I'm 40."
<h2 class="wp-block-heading">How to Evaluate Your Options</h2>
If you&#8217;re one of the many borrowers affected by the freeze, experts suggest reviewing your options with care. Tools from the Department of Education and nonprofit resources can help estimate monthly payments under different plans. PSLF-eligible borrowers should confirm that their employer qualifies and keep detailed records of payments.
The legal landscape for <a href="https://www.benzinga.com/personal-finance/25/02/43622327/u-s-student-loan-debt-hits-2-19-trillion-heres-why-experts-say-borrowers-shouldnt-panic-yet">student debt</a> is changing rapidly. For borrowers like Bertram, the hope is that stability — and forgiveness — will arrive sooner rather than later.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/money/arrived-private-credit-fund">Bezos' Favorite Real Estate Platform Launches A Way To Ride The Ongoing Private Credit Boom</a></li>
<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 $0.26/share!</a></li>
</ul>

She Was 29 Months From Erasing $247K In Student Debt – Now Her Forgiveness Is Frozen

Adaptive Security, a New York-based cybersecurity firm, has successfully raised $43 million in a Series A funding round. According to<a href="https://www.msn.com/en-us/money/smallbusiness/why-openai-and-andreessen-horowitz-just-bet-43-million-on-this-little-known-startup/ar-AA1Cmvds"> Inc.</a>, this round was co-led by <a href="https://www.benzinga.com/25/04/44580172/openai-finalizes-historic-40-billion-funding-round-valuing-company-at-300-billion-with-backing-from-softbank-and-microsoft">OpenAI</a>&#8216;s Startup Fund and <a href="https://www.benzinga.com/startups/24/08/40221033/peter-thiel-launched-j-d-vances-venture-capital-career-but-a-former-colleague-says-he-was-rarely-in">venture capital</a> firm Andreessen Horowitz, marking OpenAI&#8217;s inaugural investment in the cybersecurity sector.
Other participants included Abstract Ventures, Eniac Ventures, CrossBeam Ventures, and K5, along with executives from companies such as Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>, GOOGL)), Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>), Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), Plaid, and Paxos.
Don't Miss:
<ul>
<li>Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.55 per share now</a>.</li>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> this is your last chance to become an investor for $0.80 per share.</a></li>
</ul>
<h2 class="wp-block-heading">A Strategic $43M Investment in Cyber Defense</h2>
Adaptive Security was founded after its creators recognized the growing threat of AI-enabled cyber attacks. The startup is creating a new AI-native defense platform that will enable enterprises to proactively detect, protect against, and respond to advanced threats, such as deep fake social engineering.
The program uses AI to scan and flag fraudulent-looking messages by assigning them risk levels and alerting company security teams. Adaptive Security also preemptively tests employees with simulated phishing attacks via AI-generated emails, text messages, and voice calls, offering personalized training if they fall for the simulated phishing attempts.
Brian Long, co-founder and CEO of Adaptive Security, emphasized the company&#8217;s mission on the startup&#8217;s official site: &#8220;Adaptive's mission is to protect people from AI-powered cyber attacks. Over the next decade, we will work tirelessly to stay one step ahead of attackers with enhanced features, new products, and scale to every business globally.&#8221;
Trending: ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a>
This investment is all the more notable as it involves OpenAI, a pioneer in AI research and deployment. This collaboration shows a broader recognition in the industry when it comes to the importance of strong cybersecurity measures, especially since the pace of development around AI increased. Adaptive Security&#8217;s platform is designed to stay one step ahead of malicious actors who use AI increasingly to carry out sophisticated cyber attacks.
Adaptive Security was publicly launched in January and has since signed over 100 customers, <a href="https://techcrunch.com/2025/04/03/openai-just-made-its-first-cybersecurity-investment/">TechCrunch</a> wrote. According to Inc., some of the early adopters include Podium, First State Bank, the Dallas Mavericks, and BMC.
Word of how well this pilot project went spread, and that was a big factor in attracting OpenAI&#8217;s attention and subsequent investment. The fresh capital will be used to expand the engineering team, whose goal is to enhance the platform to better defend against new AI-powered cyber attacks.
See Also: <a href="https://www.benzinga.com/money/vatom-adv">Invest in the Future of Digital Engagement. Own a Piece of the $100 Billion Metaverse Today for Just $500.</a>
<h2 class="wp-block-heading">What the Investment Means for Adaptive Security's Future</h2>
Cybersecurity is undergoing a paradigm shift with cybercriminals using generative AI to enhance the scale and sophistication of their attacks. Such advanced threats are often beyond traditional security solutions.
Adaptive Security&#8217;s ingenious approach addresses this gap by identifying and handling threats and by strengthening the human element within organizations through specific training and simulations.
Having Andreessen Horowitz on board also proves the startup can set a new bar in the cybersecurity sector. Adaptive Security&#8217;s mission aligns with the venture capital firm's commitment to paving the way for impactful technology portfolio startups. Together, these two forces can drive the development and deployment of the solutions that will protect businesses from the next generation of cyber threats. ​
Read Next:
<ul>
<li><a href="https://www.benzinga.com/money/how-a-10k-bet-on-health-care-originals-could-have-skyrocketed-your-portfolio">With Shares Starting at Just $1.52, This Could be Your Chance to Invest in the Future of Healthcare.</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>

GOOG

SHOP

WDAY

OpenAI And Andreessen Horowitz Lead $43M Round For Cybersecurity Startup Taking On AI Scammers, Deepfakes, And Voice Spoofs

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas" target="_blank" rel="noreferrer noopener"> many investors' favorite stocks</a> over the last week — here's a look at some of our top stories.
President Donald Trump's hold on global tariffs but imposition of a 145% levy on Chinese imports led to significant market volatility and eroding confidence in the dollar and Treasuries this week. The 30-year Treasury yield briefly reached 5%, indicating the return of bond vigilantes — investors selling bonds in reaction to policy decisions.
Despite the turmoil, certain stocks have outperformed. For instance, Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) have shown resilience amid the market's fluctuations, demonstrating robust fundamentals and strategic positioning that appeal to investors even during uncertain times.
Overall, while the broader market faces challenges from escalating trade tensions and policy uncertainties, select companies continue to thrive, highlighting the importance of strategic agility and strong fundamentals in navigating volatile economic landscapes.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.
The Bulls
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44696168/apple-is-a-buying-opportunity-again-as-key-valuation-level-flashes-green-bank-of-america-says">"Apple Is A ‘Buying Opportunity' Again As Key Valuation Level Flashes Green, Bank Of America Says"</a>, by Piero Cingari, reports that Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) shares have dropped 17% since April 2, more than double the S&amp;P 500's decline in the same period, and Bank of America analyst Wamsi Mohan views this as a buying opportunity, citing historical data showing average gains of 17% one year after Apple's P/E ratio compresses under 25x.
<a href="https://www.benzinga.com/news/buybacks/25/04/44674899/broadcom-stock-jumps-on-10-billion-buyback-authorization">"Broadcom Stock Jumps On $10 Billion Buyback Authorization"</a>, by Adam Eckert, reports that Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) shares rose after the company authorized a $10 billion share repurchase program through the end of 2025, reflecting confidence in its semiconductor and infrastructure software businesses.
<a href="https://www.benzinga.com/25/04/44683383/marvell-plays-ai-hardball-divestiture-sparks-155-upside-says-analyst">"Marvell Plays AI Hardball: Divestiture Sparks 155% Upside, Says Analyst"</a>, by Surbhi Jain, reports that Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) sold its automotive Ethernet business to Infineon Technologies AG for $2.5 billion, prompting JPMorgan analyst Harlan Sur to reaffirm an Overweight rating and set a $130 price target — implying a 155% upside — as the company intensifies its focus on AI and cloud data center growth.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/news/earnings/25/04/44701164/aehr-test-systems-stock-climbs-after-q3-results-details">Aehr Test Systems Stock Climbs After Q3 Results: Details</a>
<a href="https://www.benzinga.com/government/regulations/25/04/44752313/health-care-technology-stocks-surge-after-fda-announces-plans-to-phase-out-animal-testing-requirements">Health Care Technology Stocks Surge After FDA Announces Plans To Phase Out Animal Testing Requirements</a>
<a href="https://www.benzinga.com/news/large-cap/25/04/44725578/technology-stocks-outperform-after-trumps-tariff-pause-microchip-technology-amd-lead-sector-higher">Technology Stocks Outperform After Trump's Tariff Pause: Microchip Technology, AMD Lead Sector Higher</a>
The Bears
<a href="https://www.benzinga.com/news/global/25/04/44741043/nike-stock-tumbles-as-us-china-trade-war-intensifies-what-you-need-to-know">"Nike Stock Tumbles As US-China Trade War Intensifies: What You Need To Know"</a>, by Adam Eckert, reports that Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) shares fell 10.3% to $53.18 amid escalating U.S.-China trade tensions, as the company's reliance on imports from China, Vietnam, and Indonesia exposes it to new tariffs, including a 145% rate on Chinese goods.
<a href="https://www.benzinga.com/news/global/25/04/44725016/us-steel-stock-tumbles-as-trump-says-we-dont-want-to-see-it-go-to-japan">"US Steel Stock Tumbles As Trump Says ‘We Don't Want To See It Go To Japan'"</a>, by Adam Eckert, reports that United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) shares fell over 11% in after-hours trading after Trump expressed opposition to the company's acquisition by Nippon Steel, stating, "We don't want to see it go to Japan."
<a href="https://www.benzinga.com/25/04/44684590/microns-meltdown-tariff-surcharge-adds-salt-to-the-stocks-slide">"Micron's Meltdown: Tariff Surcharge Adds Salt To The Stock's Slide"</a>, by Surbhi Jain, reports that Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) shares plunged over 22% in five trading days as the company imposed a tariff-related surcharge on U.S. customers, exacerbating bearish technical signals with the stock trading below key moving averages and nearing oversold RSI levels.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/trading-ideas/technicals/25/04/44695368/death-cross-alert-alphabet-stock-drops-the-signal-bears-pick-it-up">Death Cross Alert: Alphabet Stock Drops The Signal, Bears Pick It Up</a>
<a href="https://www.benzinga.com/25/04/44715119/pfizer-stock-is-sliding-wednesday-whats-going-on">Pfizer Stock Is Sliding Wednesday: What's Going On?</a>
<a href="https://www.benzinga.com/25/04/44748974/death-cross-meets-tax-threat-tsms-chip-dip-has-more-than-just-technicals-to-blame">TSMC Triggers Death Cross As Trump Tariff Threats Add To Investor Concerns</a>
Keep up with all the latest breaking news and trading ideas by following <a href="https://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener">Benzinga</a><a href="http://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener"> on X</a>.
Image created using artificial intelligence via Midjourney.

AAPL

AEHR

AMZN

AVGO

GOOGL

MCHP

MRVL

Benzinga Bulls And Bears: Apple, Nike, US Steel — And The Markets Ride Out Ongoing Volatility

On Friday, China's General Administration of Customs implemented a new rule that determines the country of origin for semiconductor products based on the location of wafer fabrication — not where the chips are designed, developed, or packaged.
What Happened: As a result of this development, chips designed by U.S.-based companies like Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) but manufactured by foundries in Taiwan, such as Taiwan Semiconductor Manufactoring Co. Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and United Microelectronics Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>), will be exempt from <a href="https://www.benzinga.com/markets/25/04/44756353/xi-jinping-says-there-are-no-winners-in-tariff-war-as-china-slaps-125-tariffs-on-us-goods-urges-trump-to-immediately-correct-wrongdoings">China's 125% retaliatory tariffs</a> on U.S. imports, <a href="https://www.tomshardware.com/tech-industry/chinas-new-semiconductor-rule-spares-taiwan-fabs-punishes-intel-globalfoundries-and-texas-instruments">reported</a> Tom's Hardware.
However, this rule delivers a blow to U.S. chipmakers like Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), GlobalFoundries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>), and Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), which fabricate their chips domestically.
Products from these companies will now face the full brunt of China&#8217;s import tariffs, dramatically impacting their competitiveness in the Chinese market.
See Also: <a href="https://www.benzinga.com/tech/25/04/44630304/qualcomm-expands-ai-ambitions-with-acquisition-of-vinais-generative-ai-division">Qualcomm Expands AI Ambitions With Acquisition of VinAI&#8217;s Generative AI Division</a>
The China Semiconductor Industry Association (CSIA) issued a notice clarifying that the "country of origin" for all chips — packaged or unpackaged — will be based solely on where the wafers were processed.
Because China considers Taiwan part of its own territory, chips produced in Taiwanese fabs are not subject to the punitive tariffs, even if designed and sold by American firms.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BIG: &quot;China Semiconductor Industry Association Issues Urgent Notice on Rules for Determining the &#39;Country of Origin&#39; of Semiconductor Products&quot; The China Semiconductor Industry Association has issued an urgent notice regarding the rules for determining the &quot;country of origin&quot; of… <a href="https://t.co/41JJL0fdg5">pic.twitter.com/41JJL0fdg5</a>
&mdash; Ray Wang (@rwang07) <a href="https://twitter.com/rwang07/status/1910532580861935953?ref_src=twsrc%5Etfw">April 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: This change effectively divides U.S. semiconductor firms into winners and losers. Designers like Nvidia, AMD, Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), and Qualcomm benefit from outsourcing production to Taiwan, which keeps their products tariff-free and their access to China intact.
Meanwhile, chipmakers with U.S.-based fabrication operations—such as Intel's fabs in Arizona and Oregon and GlobalFoundries' Fab 8 in New York—are now disadvantaged.
The rule bolsters China's geopolitical stance by treating Taiwan as a domestic supplier and incentivizes more outsourcing to Taiwanese and Chinese foundries, the report noted.
It may also redirect chip business away from U.S. fabs, pushing global firms to avoid sourcing from the U.S. to sidestep tariffs.
In a note released Thursday, Goldman Sachs economists, led by Andrew Tilton, warned that the abrupt hike in U.S. tariffs on Chinese imports — raised to 125% as of April 9 — could significantly impact China's economy and put as many as 20 million export-related jobs at risk.
Qualcomm has a growth score of 60.95, according to Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against</a> companies like Nvidia, AMD, TSMC, Intel, and others.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/quote/QCOM"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/12020305/Screenshot-2025-04-12-at-11.32.55%E2%80%AFAM.png" alt="" class="wp-image-868815" style="width:420px;height:auto" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/25/03/44392577/qualcomm-makes-a-renewed-push-into-handheld-gaming-unveils-3-new-snapdragon-g-series-gaming-chipsets">Qualcomm Makes A Renewed Push Into Handheld Gaming, Unveils 3 New Snapdragon G-Series Gaming Chipsets</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

INTC

NVDA

QCOM

Trump Tariff Wars: China's New Rule To Exempt Nvidia, Qualcomm And Others From Levies, But These Chip Companies Will Be Hit With 125% Tariffs

Robert F. Kennedy Jr., the nation&#8217;s top health official, questioned whether society should bear the cost of healthcare for individuals who engage in unhealthy habits, such as smoking or consuming doughnuts.
What Happened: In an interview <a href="https://www.cbsnews.com/news/rfk-jr-sweeping-cuts-health-programs-employees-exclusive-interview/">with</a> CBS News, Kennedy asked, "If you're smoking three packs of cigarettes a day, should you expect society to pay when you get sick?"
He emphasized that while Americans have the freedom to make such choices, the question remains whether society should cover the resulting health care costs.
Public health experts expressed concern, suggesting Kennedy&#8217;s remarks could imply limiting access to health care based on personal behavior.
See Also: <a href="https://www.benzinga.com/25/04/44777097/gm-halts-electric-van-production-in-ontario-amid-sluggish-sales-1200-employees-affected">GM Halts Electric Van Production In Ontario Amid Sluggish Sales: 1,200 Employees Affected</a>
Meanwhile, the Department of Health and Human Services (DHHS) clarified that Kennedy aims to empower individuals with better health options, not to shame them.
His comments, they said, reflect a broader strategy to align public health outcomes with smart incentives.
Amid these discussions, Kennedy&#8217;s department has faced criticism for recent layoffs affecting programs aimed at reducing smoking, raising questions about the impact on public health efforts.
Why It Matters: This debate comes on the heels of <a href="https://www.benzinga.com/markets/25/03/44550801/rfk-jr-spreading-misinformation-and-lies-fdas-top-vaccine-official-walks-out-sparking-debate-on-safety-an">RFK Jr.&#8217;s previous controversies</a> surrounding health policies. Recently, Peter Marks, the FDA&#8217;s top vaccine official, resigned due to Kennedy&#8217;s stance on vaccine misinformation.
Marks was integral in the COVID-19 vaccine rollout, and his departure has sparked concerns about the politicization of health decisions.
Additionally, Kennedy has been proactive in addressing health issues by <a href="https://www.benzinga.com/markets/equities/25/03/44209953/rfk-jr-takes-on-food-giants-calls-meeting-with-pepsico-and-general-mills">engaging</a> with major food companies. In March, he called a meeting with executives from PepsiCo Inc. and General Mills Inc., urging them to address their role in public health challenges.
Earlier in February, a media report stated that the Trump administration is <a href="https://www.benzinga.com/25/02/43999106/trumps-officials-to-re-consider-modernas-590-million-bird-flu-vaccine-funding-hhs-cites-biden-administrations-failed-oversight">planning to reconsider</a> $590 million in funding for Moderna Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) bird flu vaccine, with RFK Jr.&#8217;s HHS slamming the Biden administration for a lack of oversight.
Read Next:
<ul>
<li><a href="https://benzinga.com/25/04/44774499/wall-street-panic-extends-to-main-street-as-us-china-trade-war-escalates-bond-vigilantes-make-a-comeback-this-wee">Wall Street Panic Extends To Main Street As US-China Trade War Escalates, Bond Vigilantes Make A Comeback: This Week In Markets</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Health Care

Politics

MRNA

RFK Jr Asks If Taxpayer-Funded Healthcare Should Be Accessible To People Smoking 'Three Packs A Day'

Amid the ongoing legal tussle between Elon Musk and Sam Altman-led OpenAI, a group of former OpenAI employees has stepped forward to support Musk in his fight against the company&#8217;s transition to a for-profit model.
What Happened: A group of 12 former OpenAI employees has thrown their support behind Musk in his <a href="https://www.benzinga.com/tech/24/12/42257564/musk-goes-to-court-to-block-openais-for-profit-transition">legal battle against the AI startup</a>&#8216;s shift to a for-profit model, CNBC <a href="https://www.cnbc.com/2025/04/11/ex-openai-staffers-back-musks-case-against-move-to-for-profit-entity.html">reported</a> on Friday.
These ex-staffers, who were part of OpenAI from 2018 to 2024, have requested a California district court to allow them to express their concerns about the company&#8217;s transformation. The filing was made by Lawrence Lessig, representing the group, to bolster Musk&#8217;s case.
In a post on his social media platform X, Musk acknowledged the amicus brief filed by former OpenAI staffers.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Indeed <a href="https://t.co/LdC869Ky7N">https://t.co/LdC869Ky7N</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1910861637264822608?ref_src=twsrc%5Etfw">April 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The request aims to support <a href="https://www.benzinga.com/tech/25/03/44066117/elon-musk-battles-openai-over-move-to-for-profit-model-and-experts-are-pushing-back">Musk&#8217;s efforts to prevent OpenAI</a>, which he co-founded in 2015 as a nonprofit, from becoming a for-profit entity. The filing claims that such a change would violate the organization&#8217;s mission.
See Also: <a href="https://www.benzinga.com/25/04/44776810/we-just-have-to-hope-we-have-enough-time-to-recover-retirees-reeling-after-market-drops-hit-their-nest-eggs">&#8216;We Just Have To Hope We Have Enough Time To Recover&#8217;: Retirees Reeling After Market Drops Hit Their Nest Eggs</a>
OpenAI has commercialized products like ChatGPT and is overseen by a nonprofit parent. The company has faced challenges in restructuring due to Musk&#8217;s opposition, who recently<a href="https://www.benzinga.com/25/02/43609104/elon-musk-co-founded-openai-now-hes-bidding-974b-to-take-back-the-company"> offered $97.4 billion to acquire OpenAI</a>, an offer that was rejected.
OpenAI&#8217;s hybrid structure includes a capped-profit limited partnership, with the original nonprofit as the controlling shareholder. The filing argues that the shift to a for-profit model breaches the trust of employees and stakeholders.
The case has seen various developments, including a federal court blocking Musk&#8217;s attempt to stop the transition and<a href="https://benzinga.com/25/04/44726544/elon-musk-faces-legal-backlash-as-sam-altman-led-openai-countersues-over-harassing-tactics-and-bid-for-control-musk-has-tried-every-tool-available-to-harm-openai"> OpenAI filing a countersuit against Musk</a> earlier this week.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The legal battle between Musk and OpenAI has been escalating. In March 2025,<a href="https://benzinga.com/tech/25/03/44066117/elon-musk-battles-openai-over-move-to-for-profit-model-and-experts-are-pushing-back"> Musk opposed OpenAI&#8217;s move</a> to a for-profit model, arguing it could impact the control of AI technology.
OpenAI&#8217;s CEO, Sam Altman, aims to separate the revenue-generating business from its nonprofit parent to attract investments and provide returns to shareholders.
Earlier, in February 2025, Musk&#8217;s $97.4 billion takeover bid was reportedly not received by OpenAI&#8217;s board, which Altman described as &#8220;another one of his tactics.&#8221;
OpenAI, in its countersuit, accused Musk of using harassment tactics to disrupt its growth plans, including his unsolicited bid for control.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/media/25/04/44756971/former-openai-cto-mira-murati-targets-record-breaking-2-billion-seed-round-for-new-ai-startup">Former OpenAI CTO Mira Murati Targets Record-Breaking $2 Billion Seed Round For New AI Startup</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Ex-OpenAI Staffers Support Elon Musk's Legal Battle Against Sam Altman-Led AI Startup's For-Profit Shift

Investor and TV personality Kevin O&#8217;Leary has voiced his disapproval of President Donald Trump&#8216;s tariff strategy against China, citing potential economic and political repercussions.
What Happened: O&#8217;Leary has openly criticized President Trump&#8217;s approach to the ongoing tariff war with China. In a recent post on X, O&#8217;Leary expressed concerns over the economic and political implications of the tariffs.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Let's be honest—this tariff war? It's Trump going all-in. He's got 18 months before the midterms, and if this gamble doesn't pay off, it's not just the markets that crash—it's his political capital. China can't hang in this forever. Time for leadership, not chaos. Sit down. Make… <a href="https://t.co/uh6EEAB6LT">pic.twitter.com/uh6EEAB6LT</a>
&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href="https://twitter.com/kevinolearytv/status/1910759473049727267?ref_src=twsrc%5Etfw">April 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According to O&#8217;Leary, Trump is taking a significant risk with the tariff strategy, which could have severe consequences for both the markets and his political standing if it fails. With 18 months until the midterms, O&#8217;Leary suggests that the stakes are high for Trump.
See Also:&nbsp;<a href="https://benzinga.com/markets/equities/25/04/44728524/adam-schiff-and-elizabeth-warren-call-for-investigation-into-possible-insider-trading-by-trump-allies-as-markets-surge-after-90-day-tariff-pause-it-sure-looks-like-corruption" target="_blank" rel="noreferrer noopener">Adam Schiff And Elizabeth Warren Call For Investigation Into Possible Insider Trading By Trump Allies As Markets Surge After 90-Day Tariff Pause</a>
O&#8217;Leary highlighted the impact of the <a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty">125% tariffs on China&#8217;s</a> economy, noting that the country&#8217;s factories are struggling with nowhere to ship their goods. He emphasized the potential unrest among unemployed workers in China, despite President&nbsp;Xi Jinping&nbsp;not facing electoral pressure.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Let's cut the fluff—this is economic warfare. China's got factories with nowhere to ship, and 125% tariffs are choking them out. You think unemployed workers stay quiet? Xi's not on a ballot, but he's playing with fire. The U.S. is the buyer of last resort—and when that stops,… <a href="https://t.co/BVpcdjGN7u">pic.twitter.com/BVpcdjGN7u</a>
&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href="https://twitter.com/kevinolearytv/status/1910738079549169996?ref_src=twsrc%5Etfw">April 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He further pointed out that the U.S. serves as the &#8220;buyer of last resort,&#8221; and if American demand halts, it could lead to broader economic consequences.
O&#8217;Leary urged for a resolution, stating that the current situation is unsustainable and advocating for leadership and negotiation to end the economic standoff.
Why It Matters: O&#8217;Leary&nbsp;has been vocal about his views on tariffs and market volatility. Recently, he called for a&nbsp;<a href="https://www.benzinga.com/markets/equities/25/04/44711364/kevin-oleary-calls-for-hefty-400-us-tariffs-on-china-they-dont-play-by-the-rules">400% tariff on China</a>, arguing that the existing tariffs are insufficient.
He criticized China&#8217;s trade practices, claiming they don&#8217;t adhere to international rules and often engage in technology theft.
O&#8217;Leary&#8217;s concerns about volatility are well-documented. He has stated, &#8220;I hate volatility and I don&#8217;t like it when the market corrects,&#8221; but acknowledges that market corrections are a regular occurrence, typically ranging from 15% to 20% over time.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44777097/gm-halts-electric-van-production-in-ontario-amid-sluggish-sales-1200-employees-affected">GM Halts Electric Van Production In Ontario Amid Sluggish Sales: 1,200 Employees Affected</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Global

Kevin O'Leary Says Xi Jinping Is 'Playing With Fire:' 'If This Gamble Doesn't Pay Off…'

Ray Dalio, founder of Bridgewater Associates, expressed concerns about a potential recession despite President Donald Trump <a href="https://www.benzinga.com/25/04/44729384/trump-pauses-tariffs-after-yields-surge-bond-vigilantes-hit-another-homerun-experts-point-to-bond-market-panic-for-reversal">pausing reciprocal tariffs</a>.
What Happened: According to <a href="https://fortune.com/2025/04/11/ray-dalio-recession-changing-monetary-order/">a</a> report by Fortune, Dalio shared his views on Bloomberg Television on Thursday, following Trump&#8217;s announcement of a 90-day grace period for trade negotiations.
Trump&#8217;s decision to halt reciprocal tariffs did not alleviate worries, as he imposed a 10% blanket tax on other nations and duties on China.
Dalio highlighted the likelihood of a recession, defined as two consecutive quarters of negative GDP growth, but emphasized broader concerns about financial, political, and geopolitical dynamics.
As tensions between the U.S. and China escalate, with<a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty"> Trump imposing a 145% tariff</a> and<a href="https://www.benzinga.com/markets/25/04/44756353/xi-jinping-says-there-are-no-winners-in-tariff-war-as-china-slaps-125-tariffs-on-us-goods-urges-trump-to-immediately-correct-wrongdoings"> China retaliating with a 125% tariff</a>, the trade war has intensified.
Moody&#8217;s Chief Economist, Mark Zandi, told Fortune that U.S.-China trade could nearly halt, increasing recession risks.
See Also: <a href="https://benzinga.com/news/25/04/44728509/dave-ramsey-says-putting-a-lid-on-government-spending-could-spur-quick-recovery-but-wants-america-to-get-an-">Dave Ramsey Says Putting A Lid On Government Spending Could Spur Quick Recovery, But Wants America To Get An Extra Job</a>
Dalio noted the ongoing bond market sell-off is a consequence of Trump&#8217;s tariffs, as investors abandon bonds and stocks.
Analysts from Bank of America suggested the bond market turmoil prompted Trump&#8217;s tariff pause, particularly concerning the 10-year Treasury. Despite some stock market relief, bond market distress persists, with a slowdown appearing more probable than a recession.
Why It Matters: The concerns raised by Ray Dalio come in the wake of his previous warnings about the economic impact of escalating tariffs.
Earlier,<a href="https://www.benzinga.com/markets/25/04/44728417/ray-dalio-praises-trumps-tariff-reversal-urges-us-china-deal-and-deficit-reduction"> Dalio praised Trump&#8217;s decision</a> to pause tariffs, except on China, calling it a &#8220;better way&#8221; to handle trade imbalances. He urged a U.S.-China trade deal and deficit reduction, suggesting that China could appreciate the renminbi against the U.S. dollar by selling dollar assets and easing fiscal policies.
Dalio has also cautioned about &#8220;abrupt, unconventional changes&#8221; in markets due to the &#8220;tariff machine,&#8221;<a href="https://www.benzinga.com/general/market-summary/25/04/44623855/ray-dalio-warns-of-abrupt-unconventional-changes-in-markets-heres-how-the-tariff-machine-affects-currency-monetary-and-fiscal-policies"> which affects currency, monetary, and fiscal policies</a>. He emphasized that while the first-order effects of tariffs are visible, the second-order effects could lead to significant market volatility.
In a broader context,<a href="https://www.benzinga.com/25/03/44511006/ray-dalio-sees-history-repeating-warns-of-debt-crisis-trump-era-politics-and-a-shifting-global-order"> Dalio has warned of a looming debt crisis</a> and a shifting global order amid Trump&#8217;s hardline trade policies. He has expressed concerns about the potential for a debt crisis and the implications of changing global political dynamics.
Read Next:
<ul>
<li><a href="https://benzinga.com/25/04/44774499/wall-street-panic-extends-to-main-street-as-us-china-trade-war-escalates-bond-vigilantes-make-a-comeback-this-wee">Wall Street Panic Extends To Main Street As US-China Trade War Escalates, Bond Vigilantes Make A Comeback: This Week In Markets</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Economics

Ray Dalio, Who Predicted The 2008 Financial Crisis, Warns About Recession As US-China Tariff War Escalates

Despite <a href="https://www.benzinga.com/markets/25/04/44756353/xi-jinping-says-there-are-no-winners-in-tariff-war-as-china-slaps-125-tariffs-on-us-goods-urges-trump-to-immediately-correct-wrongdoings">growing concerns about renewed trade</a> tensions between Washington and Beijing, one analyst says the drama may be more performative than policy-driven.
What Happened: Marko Papic, chief strategist at BCA Research, downplayed the long-term impact of escalating U.S.-China tariff rhetoric, suggesting that the latest threats may be largely symbolic and unlikely to result in sustained economic disruption.
"As the kids would say — just for the LOLz," Papic said in an interview with CNBC on Friday, referencing what he sees as political posturing from both sides.
His comments come after China's finance ministry accused the U.S. of "bullying" and warned that aggressive tariff policies could make America look like a "joke" on the global stage.
Papic acknowledged that markets are reacting to fears of a policy-induced slowdown, particularly in sectors like commodities, but said those concerns may be exaggerated. "It's not like this is a great financial crisis," he noted.
He's also not convinced that these trade policies— tariffs and bringing manufacturing back—will actually work or happen as planned. "When was the last time any U.S. policymaker actually referred to them [tariffs] as revenue raisers?"
See Also: <a href="https://www.benzinga.com/25/04/44667862/oil-crashes-to-60-per-barrel-as-recession-fears-grow" target="_blank" rel="noreferrer noopener">Oil Crashes To $60 Per Barrel As Global Recession Fears Grow&nbsp;</a>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Commodity market will look through further tariff pain, says BCA&#039;s Marko Papic" width="500" height="281" src="https://www.youtube.com/embed/GkBg_irvOrk?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It Matters: On Friday, Xi Jinping sharply raised tariffs on U.S. goods from 84% to a record 125%. This came after President Donald Trump hiked tariffs on Thursday, pushing the cost of Chinese imports to at least 145%. This jump results from a new 125% retaliatory tariff layered on top of <a href="https://www.benzinga.com/25/04/44757476/asia-mixed-europe-slides-as-china-tariff-hike-escalates-tensions-gold-soars-dollar-hits-two-year-low-global-markets-today-while-us-slept">existing 20% duties</a>.
While these measures respond to Trump's tariffs, China itself isn't shielded from the fallout. Goldman Sachs has lowered its <a href="https://www.benzinga.com/government/regulations/25/04/44740040/chinas-growth-outlook-dims-as-trumps-125-tariffs-put-millions-of-jobs-at-risk-goldman-warns">growth forecast for the country</a> and warned that up to 20 million export-related jobs could be at risk. The investment bank, however, attributed this outlook not only to U.S. tariffs but also to broader global economic uncertainty.
A <a href="https://www.benzinga.com/news/global/25/04/44762211/10-companies-with-exposure-to-trumps-china-tariff-war-ford-tesla-apple-disney-and-more">Strategy Risks report has identified</a> major U.S. public companies most overexposed to China, evaluating them across categories like Business Fundamentals, Partnerships and Politics, Regional Issues, Supply Chain, and Capacity.
Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) topped the list, scoring high across all areas, especially in Regional Issues tied to human rights concerns and Supply Chain vulnerabilities.
Carrier Global Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) leads China's commercial HVAC market with extensive operations, while Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) relies <a href="https://www.benzinga.com/25/04/44706383/apple-airlifts-iphones-from-india-and-china-in-72-hour-race-to-beat-trumps-tariffs-as-stock-sinks-amid-us-china-trade-panic">heavily on Chinese manufacturing</a> for most of its products, placing it squarely in the crosshairs of ongoing trade tensions.
Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) U.S. energy division risks soaring costs from tariffs on Chinese battery cells, potentially doubling Powerwall and Megapack production expenses. Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) is facing cost pressures from tariffs on key ingredients like sucralose, which may impact profitability.
Cummins, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) maintains deep ties to China through joint ventures and clean energy initiatives. RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), with thousands of Chinese suppliers, has admitted that decoupling is unfeasible.
Honeywell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) has begun adding surcharges due to tariff-related supply disruptions. Walt Disney Co.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) CEO has raised alarms about the broader impact of tariffs, and Caterpillar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) is confronting shrinking competitiveness as Chinese buyers turn to alternative suppliers.
Ford boasts a solid growth score of 78.49%, according to Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against</a> Apple, Tesla, Disney, and other major companies.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/F"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11231023/Screenshot-2025-04-12-at-8.40.16%E2%80%AFAM.png" alt="" class="wp-image-868750" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44695907/elon-musk-calls-trump-trade-advisor-peter-navarro-dumber-than-sack-of-bricks-defends-tesla-as-the-most-american-made-cars" target="_blank" rel="noreferrer noopener">Elon Musk Calls Trump Trade Advisor Peter Navarro ‘Dumber Than Sack Of Bricks,' Defends Tesla As ‘Most American-Made Cars'&nbsp;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Government

Media

CARR

Trump And Xi Jinping's Tariff Threats May Be 'Just For The LOLz,' Says Analyst: 'It's Not Like This Is A Great Financial Crisis'

General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) has decided to pause the production of its electric commercial vans at its Ontario plant due to sluggish sales.
What Happened: The production halt is not linked to recent auto tariffs, according to a report by Reuters. GM has said that it is making adjustments to balance inventory with demand.
This move will temporarily affect 1,200 workers at the CAMI Assembly plant, as confirmed by the union Unifor.
The layoffs will commence on April 14, with workers expected to return in May for limited production.
Production is set to resume in October 2025 after retooling for the 2026 model. However, the plant will operate on a single shift, resulting in indefinite layoffs for nearly 500 workers, according to Unifor.
See Also: <a href="https://benzinga.com/news/25/04/44757196/bernie-sanders-warns-the-job-you-have-today-aint-going-to-be-here-in-10-or-15-years-as-ai-and-robotics-threa">Bernie Sanders Warns: &#8216;The Job You Have Today Ain&#8217;t Going To Be Here In 10 Or 15 Years,&#8217; As AI And Robotics Threaten US Workforce</a>
Lana Payne, Unifor National President, described the decision as a &#8220;crushing blow&#8221; to families dependent on the plant. Canadian Prime Minister Mark Carney and Conservative leader Pierre Poilievre expressed their support for affected workers, emphasizing efforts to protect the auto sector.
Why It Matters: The decision by GM to halt production comes amid broader challenges in the automotive industry, including the impact of tariffs and fluctuating demand.
The Trump administration&#8217;s 25% tariffs on the auto sector could<a href="https://www.benzinga.com/25/04/44756759/new-research-shows-donald-trumps-25-tariffs-could-cost-auto-companies-108billion-report"> cost the industry over $108 billion</a>. Although these tariffs were not a direct factor in GM&#8217;s decision, they have contributed to an environment of uncertainty.
Additionally, a Goldman Sachs analysis highlights that both tariff issues and weaker consumer demand are<a href="https://www.benzinga.com/25/04/44746593/goldman-sachs-hits-the-brakes-auto-tariffs-slumping-demand-may-shake-up-ford-tesla-rivian-lear-visteon"> affecting U.S. auto sales</a> and global production forecasts.
Furthermore, <a href="https://benzinga.com/markets/equities/25/04/44642355/trumps-25-auto-tariffs-spark-stellantis-layoffs-gm-expansion-uaws-shawn-fain-calls-job-cuts-completely-unnecessary">recent layoffs</a> at Stellantis NV and GM&#8217;s own expansion plans reflect the varied responses by automakers to these economic pressures.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="957" height="141" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11232908/GM.jpg" alt="" class="wp-image-868755" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11232908/GM.jpg 957w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11232908/GM-300x44.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11232908/GM-768x113.jpg 768w" sizes="(max-width: 957px) 100vw, 957px" /></a></figure>
General Motors holds a momentum rating of 62.11% and a growth rating of 50.73%, according to<a href="https://www.benzinga.com/quote/gm"> Benzinga's Proprietary Edge Rankings</a>. The Benzinga Growth metric evaluates a stock&#8217;s historical earnings and revenue expansion across multiple timeframes, prioritizing both long-term trends and recent performance. For an in-depth report on more stocks and insights into growth opportunities,<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> sign up for Benzinga Edge.</a>
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44776882/cathie-woods-ark-invest-offloads-uipath-prime-medicine-and-repare-therapeutics">Cathie Wood&#8217;s Ark Invest Offloads Uipath, Prime Medicine, And Repare Therapeutics</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

GM Halts Electric Van Production In Ontario Amid Sluggish Sales: 1,200 Employees Affected

On Friday, April 11, 2025, Cathie Wood-led Ark Invest executed notable trades, shedding shares in UiPath Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>), Prime Medicine Inc. (NGM: PRME), and Repare Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPTX#NASDAQ">RPTX</a>).
The PATH Trade
Ark Invest&#8217;s ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) fund sold 4,256 shares of UiPath Inc. Based on the closing price of $10.87 on the day of the trade, the total value of the transaction amounts to approximately $46,280.32.
UiPath&#8217;s stock saw a slight increase of 2.26% on the day.
The PRME Trade
Prime Medicine Inc. was another company that Ark Invest decided to reduce its stake in. The ARKK fund sold 83,510 shares of PRME. With the stock closing at $1.33 on the day of the trade, the value of the sold shares is around $111,068.30.
Interestingly, PRME&#8217;s stock experienced a significant surge of 13.68% on the trade day.
See Also:<a href="https://www.benzinga.com/news/management/25/04/44774273/jpmorgan-ceo-jamie-dimon-expects-sp-500-growth-forecast-to-be-cut"> JPMorgan CEO Jamie Dimon Expects S&amp;P 500 Growth Forecast To Be Cut</a>
The RPTX Trade
Ark Invest&#8217;s Ark Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) fund offloaded shares of Repare Therapeutics Inc. The fund sold 130,611 shares of RPTX. Given the closing price of $0.9 on the trade day, the total value of the transaction is approximately $117,549.90. The stock&#8217;s price remained unchanged on the day of the trade.
These trades come in the wake of <a href="https://www.benzinga.com/25/04/44753971/cathie-woods-thursday-plays-healthcare-ai-and-crypto-ark-scoops-up-tempus-ai-and-coinbase-stock-amid-trump-tariff-crash">Ark Invest&#8217;s previous transactions</a>, which featured prominent purchases of Tempus AI Inc and Coinbase Global Inc stocks amid a sharp market selloff triggered by economic uncertainty and a 145% China tariff announcement by the Trump administration.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/personal-finance/25/04/44774554/analyst-says-recession-chance-higher-than-50-musks-doge-cuts-to-knock-out-gdp-were-getting-closer-to-recession">Analyst Says Recession Chance Higher Than 50%, Musk&#8217;s DOGE Cuts to &#8216;Knock Out&#8217; GDP — &#8216;We&#8217;re &#8216;Getting Closer to Recession&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Equities

ARKG

ARKK

PATH

PRME

RPTX

Cathie Wood's Ark Invest Offloads UiPath, Prime Medicine, And Repare Therapeutics

For retirees like Paula, 68, from New Jersey, the recent market plunge brought more than just numbers on a screen — it reignited old fears about outliving savings. "I'm just kind of stunned, and with so much money in the market, we just sort of have to hope we have enough time to recover," Paula told <a href="https://www.nbcnews.com/business/business-news/retirees-stunned-market-turmoil-tariffs-shrinks-401ks-rcna199753">NBC News</a>. Like many Americans who rely on 401(k) investments for <a href="https://www.benzinga.com/personal-finance/25/02/43895999/making-over-100000-a-year-heres-how-big-your-retirement-nest-egg-should-be-in-your-40s-50s-and-60s-if-you-want-to-retire-rich">retirement income</a>, she's now grappling with uncertainty about what lies ahead.
Last week saw U.S. stock markets tumble in reaction to sweeping new tariffs introduced by President Donald Trump. On Friday, the S&amp;P 500 dropped 6%, Nasdaq sank 5.8%, and the Dow lost over 2,200 points — marking one of the steepest declines since the pandemic crash in 2020. Combined with Thursday's losses, the market saw its largest two-day drop in history, with $6.6 trillion in value wiped out.&nbsp;
Don't Miss:
<ul>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> this is your last chance to become an investor for $0.80 per share.</a></li>
<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 $0.26/share!</a></li>
</ul>
<h2 class="wp-block-heading">&#8216;I Can't Stay Retired If This Continues&#8217;</h2>
Victor Fettes, 54, retired a week before the downturn. He told NBC News he lost $58,000 in just two days. "If that continues, I can't stay retired," he said. For those like Fettes, the timing couldn't be worse. <a href="https://www.benzinga.com/personal-finance/25/03/44348164/why-millions-of-americans-are-tapping-their-401k-savings-early">Retirement plans</a> that felt solid just days earlier are now under review.
Financial planner Brian Duffy told <a href="https://www.youtube.com/watch?v=WHt-hmrMg4A">KOMO-TV News</a> in Seattle that emotional reactions are common when markets dip — especially for those close to retirement. "Generally, those who are most emotional are unsure if they are prepped for retirement," he said. "Do not make long-term decisions on short-term news."
<h2 class="wp-block-heading">The Impact of Tariffs on Your 401(k)</h2>
The value of a 401(k) is closely tied to the <a href="https://www.benzinga.com/general/market-summary/25/04/44660779/sp-500-dow-jones-on-course-to-mimic-rare-consecutive-losses-not-seen-since-the-great-depression-whats-driving-the-fear">performance of the stock market</a>. And when the market drops suddenly, so do retirement account balances. Treasury Secretary Scott Bessent told NBC's "Meet the Press" on Sunday that, "Americans who want to retire right now, Americans who have put away for years in their savings accounts, I think they don&#8217;t look at the day-to-day fluctuations of what&#8217;s happening. And you know, in fact, most Americans don&#8217;t have everything in the market."
Trending: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.55 per share now</a>.
Bessent added that 401(k) plans often include a mix of stocks and bonds, like the popular "60/40" allocation — 60% stocks and 40% bonds.&nbsp;
While some in Washington suggest the downturn is temporary and that long-term investors shouldn't worry, many retirees don't have decades left to wait for a recovery.&nbsp;
<h2 class="wp-block-heading">Reevaluating Plans and Spending</h2>
Some Americans are hitting pause on their spending plans. Paula told NBC News that she and her partner are holding off on home renovations. Others are concerned about the impact on property values, particularly if they plan to sell. Mark Johnson, a 42-year veteran lobbyist from Washington, said the market turbulence made him question whether he should delay his upcoming retirement.
"What will this do to the value of my home which I plan to put on the market next month?" he asked KOMO News. Johnson had mapped out a post-retirement road trip in his RV to visit all 50 state capitals — but now wonders if he'll need to push back those plans.
See Also: It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
<h2 class="wp-block-heading">Expert Advice: Don't Panic, Rebalance Instead</h2>
Brad Clark, CEO of Solomon Financial, and other financial experts say the most important move right now is not to panic. Instead, this could be a good time to revisit your portfolio strategy.
"If you're near retirement, consider rebalancing — don't just go to cash," Clark told Time magazine. The common mantra of "sell high, buy low" still applies, but it's important to consult a financial advisor before making major changes.
Duffy said something similar, emphasizing that while recessions can feel long, they typically last 12 to 14 months. In contrast, bull markets can stretch out over several years. Keeping a long-term perspective is key — even if retirement is just around the corner.
For retirees and those nearing the milestone, the recent market volatility has created a wave of <a href="https://www.benzinga.com/personal-finance/25/03/44494260/dave-ramsey-reveals-how-to-rebound-from-financial-setbacks-if-youre-over-40-and-feeling-behind-its-not-too-late-but-youd-better-get-serious">financial unease</a>. Some are adjusting their plans, others are holding steady and hoping the market rebounds.
Read Next:
<ul>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a></li>
</ul>

'We Just Have To Hope We Have Enough Time To Recover': Retirees Reeling After Market Drops Hit Their Nest Eggs

<ul>
<li>CNN reports that casual dining chains are in crisis, as evidenced by a 0.9% drop in sales over 2024</li>
<li>One contributing factor to the decline is rising prices, which have gone up by 34% over the last five years</li>
<li>Meanwhile, fast-casual restaurants have seen a 0.6% increase in sales, and fast food restaurants have seen a 1% increase in sales</li>
</ul>
Casual dining chains, a staple of the American restaurant industry, are facing a crisis, according to <a href="https://www.cnn.com/2025/04/04/business/hooters-red-lobster-tgi-fridays/index.html">CNN</a>. Four well-known establishments—TGI Fridays, Red Lobster, Hooters and Buca di Beppo— have iled for bankruptcy in the last few months. And several others, like Applebee's, Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>), Outback Steakhouse, Bonefish Grill, Red Robin Gourmet Burger.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>), and Cracker Barrel Old Country Store Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>), have seen a sharp drop in sales.&nbsp;
This downturn, CNN reports, is due to a number of factors, including hiking prices, shrinking incomes, and general mismanagement.
Don't Miss:
<ul>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> this is your last chance to become an investor for $0.80 per share.</a></li>
<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
</ul>
Chains like Red Robin and TGI Fridays have long been favorites among lower and middle-income families who want a sit-down dinner without a several-hundred-dollar price tag. But as disposable incomes shrink and the threat of a recession increases, CNN says, these diners find themselves less willing to spring for a full meal out. Instead, they're opting to cook at home or visit fast food and fast casual chains like McDonald&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) and Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>).&nbsp;
Data from the <a href="https://fred.stlouisfed.org/series/CUUR0000SEFV">US Bureau of Labor Statistics</a> also shows that restaurant prices have increased 34% since 2019, outpacing the overall growth of inflation. This has undoubtedly played a role in the 0.9% drop in sales at casual dining chains in 2024, that CNN reports, as well as the 0.6% and 1% increases at fast casual and fast food chains, respectively, where prices are already more affordable.
Trending: 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 $0.26/share!</a>
But shrinking incomes and rising prices aren't the only reasons these dining institutions are struggling. Strategy mistakes and a reluctance to invest in location and service updates have also marred the chains' once-bright futures. For example, Hooters' racy atmosphere and reputation have become less appealing to diners over the few years, contributing to decreased sales. One of its prospective buyers recently told <a href="https://www.bloomberg.com/news/features/2025-03-27/hooters-bankruptcy-founders-to-welcome-families-end-bikini-nights?embedded-checkout=true">Bloomberg</a> it intends to give the establishment a family-friendly makeover. Only time will tell if the revamp will be enough or too little, too late.&nbsp;
Clarence Otis Jr., a former CEO of Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>), told CNN the struggling chains "got dated in terms of their menu offering, the look and feel of the restaurants, and how they reach consumers."&nbsp;
See Also: It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
While many chain restaurants are struggling, a few have managed to find the right recipe. Chili's, Olive Garden, and Texas Roadhouse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXRH#NASDAQ">TXRH</a>) are all seeing rising profits, thanks to their investments in labor and facilities and their dedication to keeping prices low, according to CNN.&nbsp;
Chili's, CNN says, has invested $400 million into their restaurants, simplifying the menu, adding more staff, and renovating existing locations. As a result, it's gone viral on social media apps like TikTok and has increased sales by 31% over the last quarter, its third consecutive quarter of double-digit sales growth.&nbsp;
"There's a widening gap between winners and losers in the casual dining category," and "brands that are investing in labor and the quality of guest experience are winning," Raymond James analyst Brian Voccaro told CNN.&nbsp;
Read Next:
<ul>
<li><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.</li>
<li><a href="https://www.benzinga.com/money/arrived-private-credit-fund">Bezos' Favorite Real Estate Platform Launches A Way To Ride The Ongoing Private Credit Boom</a></li>
</ul>

Comments

BiomX

BiomX (PHGE) Opzioni

No option chain data available. Please try again later

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO