Qualigen Therapeutics Azioni (NASDAQ: QLGN)

Ultime notizie per Qualigen Therapeutics (NASDAQ:QLGN) Azioni

Qualigen Therapeutics

Qualigen Therapeutics Inc is a early-clinical-stage therapeutics company focused on developing treatments for adult and pediatric cancer. The company's business consists of one early-clinical-stage therapeutic program (QN-302) and one preclinical therapeutic program. The company's lead program, QN-302, is an investigational small molecule G-quadruplexes (G4)-selective transcription inhibitor with strong binding affinity to G4s prevalent in cancer cells.

Qualigen Therapeutics, Inc. - Common Stock

Qualigen Therapeutics Inc

Dating app giant Tinder, Hinge, and Match.com&#8217;s parent company, Match Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>), missed estimates but announced restructuring plans spearheaded by new CEO Spencer Rascoff during its first quarter earnings call.
What Happened: Rascoff unveiled a strategy focused on unifying the company&#8217;s diverse portfolio of brands, integrating artificial intelligence across its platforms, and prioritizing product innovation to spur growth.
However, layoffs were also the primary part of the company&#8217;s plan.
&#8220;We&#8217;ve also taken some hard, but appropriate steps today to sharpen our focus, including a planned 13% reduction of our workforce, as well as closing a number of open roles and further tightening operating expenses,&#8221; he said.
He explained that the deep integration of artificial intelligence with Tinder aimed at attracting a younger, Gen Z audience. These include &#8220;Double Date,&#8221; allowing users to pair up with friends, and &#8220;The Game Game,&#8221; a voice-based experience using AI for flirting practice.
Rascoff highlighted that Hinge continues to be a strong performer in the &#8220;intentioned dating&#8221; category.
The app saw a 23% year-over-year increase in direct revenue, driven by user growth and the successful launch of an AI-powered recommendation algorithm that has boosted matches and contact exchanges.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45251508/warren-buffett-falls-behind-nancy-pelosi-in-stock-market-returns-over-the-last-11-years-heres-what-data-shows">Warren Buffett Falls Behind Nancy Pelosi In Stock Market Returns Over The Last 11 Years: Here&#8217;s What Data Shows</a>
Why It Matters: While the company&#8217;s <a href="https://www.benzinga.com/25/05/45296499/match-group-stock-falls-after-q1-revenue-decline-and-tinder-weakness-prompt-restructuring-plan">total revenue</a> of $831.2 million slightly surpassed the analyst consensus estimate of $827.5 million, representing a 3% year-over-year decline, its GAAP earnings per share of $0.44 missed the expected $0.45.
The number of paying users also fell by 5% to 14.2 million compared to the same period last year.
Looking ahead, Match Group reaffirmed its full-year 2025 total revenue guidance but noted potential headwinds from macroeconomic conditions and foreign exchange rate volatility.
MTCH shares were lower by 15.76% on a year-to-date basis and 10.17% over a year. On Thursday, the shares closed 9.58% lower.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Thursday. The SPY ended 0.70% higher at $565.06, while the QQQ advanced 1.03% to $488.29, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Benzinga Edge Stock Rankings shows that MTCH had a weaker price trend over the short, medium, and long term. Its momentum ranking was weak at 34.53th percentile, whereas its value ranking was poor at 32.16th percentile; the details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/MTCH"><img loading="lazy" decoding="async" width="1024" height="151" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09033019/Edge-MTCH-1024x151.png" alt="" class="wp-image-909640" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09033019/Edge-MTCH-1024x151.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09033019/Edge-MTCH-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09033019/Edge-MTCH-768x114.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09033019/Edge-MTCH.png 1204w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Photo by Koshiro K via Shutterstock

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MTCH

Tinder Parent Match Group Cuts 13% Of Workforce After Earnings Miss, Taps Gen Z Features Like 'Double Date' To Spark Growth

Gogo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGO#NASDAQ">GOGO</a>) will release earnings results for the first quarter, before the opening <a href="https://www.benzinga.com/quote/gogo/earnings">bell on Friday, May 9</a>.
Analysts expect the Broomfield, Colorado-based company to report quarterly earnings at 8 cents per share, down from 16 cents per share in the year-ago period. Gogo projects to report quarterly revenue at $214.44 million, compared to $104.32 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Gogo, last month, appointed Oakleigh Thorne as Executive Chairman.
Gogo shares gained 0.5% to close at $7.57 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/GOGO/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Roth MKM analyst Scott Searle maintained a Buy rating and cut the price target from $15.5 to $13 on March 17, 2025. This analyst has an accuracy rate of 70%.</li>
<li>Morgan Stanley analyst Simon Flannery maintained an Equal-Weight rating and slashed the price target from $12 to $11 on Sept. 3, 2024. This analyst has an accuracy rate of 66%.</li>
<li>JP Morgan analyst Philip Cusick maintained a Neutral rating and cut the price target from $11 to $10 on Aug. 8, 2024. This analyst has an accuracy rate of 63%.</li>
</ul>
Considering buying GOGO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="574" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09033807/image-95-1024x574.png" alt="" class="wp-image-909648" style="width:619px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09033807/image-95-1024x574.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09033807/image-95-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09033807/image-95-768x431.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09033807/image-95.png 1116w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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GOGO

Gogo Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

After posting record earnings on Thursday, D-Wave Quantum Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) management highlighted its progress in enabling energy-efficient measures to enhance blockchain hashing using quantum computing.
What Happened: CEO Alan Baratz highlighted the inference of its recent research paper titled Blockchain with Proof of Quantum Work.
The study showed that quantum computation can be used to generate and validate blockchain hashes. Hashes are unique &#8220;digital fingerprints&#8221; of data, which makes it easy to detect tampering.
The CEO said that &#8220;using quantum computation for hashing and proof of work could potentially require a fraction of the electricity used by classical resources alone and reduce electricity costs by up to a factor of 1000.&#8221;
He explained that blockchain &#8220;security and efficiency&#8221; can be increased by adding quantum to traditional blockchain computation.
&#8220;D-Wave scientists deployed the blockchain architecture across four of its cloud-based annealing quantum computers in Canada and the United States, performing distributed quantum computing for the first time,&#8221; he said during the earnings call.
Baratz said that D-Wave was eyeing &#8220;potential partnerships&#8221; after being approached by interested &#8220;blockchain-focused organizations.&#8221;
See Also: <a href="https://www.benzinga.com/government/regulations/25/05/45283497/federal-reserve-will-be-the-last-to-cut-says-expert-anticipating-4-cuts-in-2025-a-thaw-in-us-china-trade-dispute-is-good-news">Federal Reserve &#8216;Will Be The Last To Cut&#8217; Rates, Says Expert Who Still Expects Four Cuts In 2025</a>
Why It Matters: Its <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45294899/d-wave-quantum-stock-is-soaring-thursday-whats-going-on">first quarter</a> saw a more than sixfold increase in the company&#8217;s revenue of $15 million on a year-over-year basis.
Revenue surged on the back of the sale of its Advantage quantum computer to a key research center and wider use of its hybrid offerings.
It reported a loss of 2 cents per share, beating estimates for a loss of 7 cents per share, according to Benzinga Pro. The gross margin zoomed by 92% in the said quarter, with a gross profit of $13.9 million.
QBTS shares were up by 8.43% on a year-to-date basis and 695.42% over a year. On Thursday, the shares closed 51.23% higher.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Thursday. The SPY ended 0.70% higher at $565.06, while the QQQ advanced 1.03% to $488.29, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Benzinga Edge Stock Rankings shows that QBTS had a weaker price trend over the short term but a strong price trend across the medium and long term. Its momentum ranking was solid at 99.70th percentile, whereas its value ranking was very poor at 3.12th percentile; the details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/QBTS"><img loading="lazy" decoding="async" width="1024" height="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09024246/QBTS-edge-1024x147.png" alt="" class="wp-image-909554" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09024246/QBTS-edge-1024x147.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09024246/QBTS-edge-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09024246/QBTS-edge-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09024246/QBTS-edge.png 1215w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/05/45251508/warren-buffett-falls-behind-nancy-pelosi-in-stock-market-returns-over-the-last-11-years-heres-what-data-shows">Warren Buffett Falls Behind Nancy Pelosi In Stock Market Returns Over The Last 11 Years: Here&#8217;s What Data Shows </a></li>
</ul>
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Quantum Computing Aids Energy Efficiency For Blockchain Hashing: 'Require A Fraction Of The Electricity Used By Classical Resources,' Says D-Wave CEO

&nbsp;
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Apr</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Mar</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Apr</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Sequential</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(NT$ Million)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">52,211</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">53,748</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">45,820</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">-2.9&nbsp;%</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">+13.9&nbsp;%</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Apr</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Mar</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Apr</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Sequential</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(US$ Million)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">1,590</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">1,638</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">1,430</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">-2.9&nbsp;%</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">+11.2&nbsp;%</td>
</tr>
</tbody>
</table>
</figure>
Net revenues for ATM assembly, testing and material business are as follows:
ATM NET REVENUES (UNAUDITED)
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Apr</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Mar</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Apr</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Sequential</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(NT$ Million)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">31,312</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">31,198</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">25,188</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">+0.4&nbsp;%</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">+24.3&nbsp;%</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Apr</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Mar</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Apr</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Sequential</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(US$ Million)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">953</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">951</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">786</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">+0.3&nbsp;%</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">+21.3&nbsp;%</td>
</tr>
</tbody>
</table>
</figure>

ASE Technology Reported April 2025 Revenue Of $1.59B, Up 11.2% YoY

Afya (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFYA#NASDAQ">AFYA</a>) reported quarterly earnings of R$3.20 per share which beat the analyst consensus estimate of R$2.75 by 16.36 percent. The company reported quarterly sales of R$936.36 million which beat the analyst consensus estimate of R$926.52 million by 1.06 percent.&nbsp;

AFYA

Afya Q1 Adj. EPS R$3.20 Beats R$2.75 Estimate, Sales R$936.36M Beat R$926.52M Estimate

Essent Group Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) will release earnings results for the first quarter, before the <a href="https://www.benzinga.com/quote/ESNT/earnings">opening bell on Friday, May 9</a>.
Analysts expect the Hamilton, Bermuda-based company to report quarterly earnings at $1.65 per share, down from $1.70 per share in the year-ago period. Essent Group projects to report quarterly revenue at $310.79 million, compared to $298.36 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Feb. 14, Essent Group posted weaker-than-expected earnings for the fourth quarter.
Essent Group shares rose 0.6% to close at $58.72 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/esnt/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Keefe, Bruyette &amp; Woods analyst Bose George maintained an Outperform rating and cut the price target from $71 to $65 on April 8, 2025. This analyst has an accuracy rate of 73%.</li>
<li>JP Morgan analyst Richard Shane upgraded the stock from Neutral to Overweight with a price target of $60 on April 8, 2025. This analyst has an accuracy rate of 68%.</li>
<li>RBC Capital analyst Scott Heleniak reiterated an Outperform rating with a price target of $67 on Feb. 18, 2025. This analyst has an accuracy rate of 81%.</li>
<li>Goldman Sachs analyst Ryan Nash maintained a Neutral rating and slashed the price target from $68 to $60 on Nov. 5, 2024. This analyst has an accuracy rate of 66%.</li>
<li>BTIG analyst Mark Palmer maintained a Buy rating and raised the price target from $61 to $64 on Aug. 5, 2024. This analyst has an accuracy rate of 79%.</li>
</ul>
Considering buying ESNT stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="605" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09032243/image-94-1024x605.png" alt="" class="wp-image-909626" style="width:598px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09032243/image-94-1024x605.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09032243/image-94-300x177.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09032243/image-94-768x454.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09032243/image-94.png 1077w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>
Photo via Shutterstock

ESNT

Top Wall Street Forecasters Revamp Essent Group Expectations Ahead Of Q1 Earnings

MARA Holdings Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) CEO Fred Thiel reiterated the company&#8217;s commitment to its Bitcoin holding strategy on Thursday, emphasizing the potential benefits for its stockholders.
What Happened: During the first quarter earnings call, Thiel said MARA held a &#8220;distinguishing&#8221; position in the market, allowing shareholders to gain from its Bitcoin HODL play as well as pure-play mining activities. 
&#8220;What MARA is doing is a twin turbocharge strategy,&#8221; Thiel said. &#8220;And then when you drive a twin turbo engine, you see the benefit of both the sides.&#8221;
Thiel also noted that the decision to pivot to a &#8220;full HODL&#8221; strategy was based on careful market conditions and macroeconomic factors analysis, which he believed would yield long-term benefits for MARA stockholders.
&#8220;So I think we&#8217;re going to continue to see things move up in Bitcoin longer term, which is why we are still in very much a full HODL position,&#8221; he added.
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/22/12/30062542/tether-enables-binance-to-convert-3b-usdt-from-tron-to-ethereum" target="_blank" rel="noreferrer noopener">Tether Enables Binance To Convert 3B USDT From Tron To Ethereum</a>
Why It Matters: MARA adopted a&nbsp;<a href="https://www.benzinga.com/news/earnings/25/05/45303574/mara-holdings-stock-dips-after-worse-than-expected-q1-report">buy-and-hold strategy</a> in July of 2024, retaining all Bitcoin it mines and periodically making strategic open market purchases. In March, the firm revealed plans to raise up to <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44558783/mara-holdings-joins-gamestop-metaplanet-in-bitcoin-reserve-push-with-2-billion-stock-sale">$2 billion&nbsp;through a stock offering</a> to expand its Bitcoin treasury.
As of this writing, MARA was the second-largest corporate holder of Bitcoin, amassing a stockpile of 48,237 BTC, worth $4.97 billion, <a href="https://bitcointreasuries.net/">according </a>to Bitcointreasuries.net. Michael Saylor&#8217;s Strategy Inc. (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) remains the market leader, having over $57 billion in Bitcoin.
MARA reported&nbsp;<a href="https://www.benzinga.com/news/earnings/25/05/45303574/mara-holdings-stock-dips-after-worse-than-expected-q1-report">worse-than-expected first-quarter</a> financials after market close, with revenue and earnings missing analyst estimates. 
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $103,197.90, up 4.22% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Shares of MARA dipped 1.82% in after-hours trading after closing 7.20% higher during Thursday&#8217;s regular session.
MSTR reported low momentum and growth scores as of this writing. To find out how Strategy and other Bitcoin-holding firms stack up on these parameters, visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
Photo Courtesy: OlegD On Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45277600/trumps-crypto-policy-like-a-large-buffet-says-anthony-scaramucci-you-have-to-eat-everything-at-the-table">Anthony Scaramucci Compares Trump&#8217;s Crypto Policy To Mar-A-Lago Buffet: &#8216;You Have To Eat Everything At The Table&#8217;</a></li>
</ul>

$BTC

MARA

MARA CEO Fred Thiel Underscores Company's 'Twin Turbocharge Strategy' Of Bitcoin HODL And Mining: 'You See The Benefit Of Both The Sides'

As the electric vehicle manufacturer is finalizing plans to launch operations in the third-largest car market in the world, Prashanth Menon, the Country Head for India for Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), has reportedly resigned after nine years with the CEO Elon Musk-led company.
What Happened: Menon, who oversaw operations in India as Chairman of Tesla India Motors and Energy Pvt. for more than four years, was instrumental in the company&#8217;s establishment of a local office in Pune in 2021 and the purchase of its first retail leases in Mumbai and Delhi earlier this year, according to sources <a href="https://www.bloomberg.com/news/articles/2025-05-08/tesla-tsla-india-head-resigns-just-as-carmaker-plans-launch-in-delhi-mumbai">cited</a> by Bloomberg.
The resignation comes right before Tesla&#8217;s anticipated arrival in India. No immediate successor has been named, and the report states that Tesla&#8217;s operations in India will be temporarily managed by its China teams.
Tesla did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment. 
See Also: <a href="https://www.benzinga.com/25/05/45308441/risk-appetite-hits-record-high-0dte-options-hit-67-of-total-volumes2-million-average-contracts-in-q1">A Sign Of &#8216;Skyrocketing&#8217; Risk Appetite? One-Day Option Trades Explode In Popularity</a>
Why It Matters: In order to create more favorable conditions for Tesla&#8217;s entry, India is currently negotiating a trade agreement with the United States that could <a href="https://www.benzinga.com/tech/25/04/44833951/elon-musk-led-teslas-model-y-spotted-testing-in-mumbai-ahead-of-india-debut">reduce auto import tariffs</a>, which were previously as high as 110%. India recently lowered its 110% tariff to 15% on EVs costing more than $35,000.
Tesla has made progress in its plans to grow in India by securing retail space and hiring more locals. The report claims that the company has also begun to reimburse early Model 3 reservations dating back to 2016, seemingly in preparation for the release of newer models.
Amid trade tensions between the United States and China, Tesla is investigating semiconductor supply chains in India in addition to its retail operations. According to reports, the <a href="https://www.benzinga.com/tech/25/04/44892799/teslas-india-play-deepens-as-elon-musks-ev-giant-explores-alternate-semiconductor-supply-chains-amid-us-china-trade-war">company has discussed</a> chip supplies with Tata Electronics, CG Semi, and Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).
Photo Courtesy: Tada Images On Shutterstock.com
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/health-care/25/05/45310176/10x-genomics-ceo-calls-nih-the-foundational-jewel-of-biomedical-progress-says-40-to-50-of-revenue-supported-by-academic-and-government-research-funding-pulls-full-year-rev">10x Genomics CEO Calls NIH The &#8216;Foundational Jewel&#8217; Of Biomedical Progress, Says 40% To 50% Of Revenue Supported By Academic And Government Research Funding — Pulls Full Year Revenue Guidance</a></li>
</ul>

TSLA

Tesla's India Country Head Resigns As Elon Musk-Led Company Finalizes Launch Plans In World's Third-Largest Auto Market: Report

Suzano (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUZ#NYSE">SUZ</a>) reported quarterly earnings of $0.87 per share. This is a 2806.67 percent increase over earnings of $0.03 per share from the same period last year. The company reported $1.97 billion in sales this quarter. This is a 3.19 percent increase over sales of $1.91 billion the same period last year.

Suzano Q1 EPS $0.87 Up From $0.03 YoY, Sales $1.97B Up From $1.91B YoY

In a bold move against the United States&#8217; tariff policy, the European Union (EU) is preparing to present its case at the World Trade Organization (WTO). The EU is also proposing countermeasures worth €95 billion ($107.4 billion).
What Happened: The European Commission is planning to challenge the U.S.&#8217;s&nbsp;&#8220;reciprocal&#8221; tariff policy and duties&nbsp;on cars and car parts at the WTO.&nbsp;The Commission has also launched a public consultation on potential countermeasures affecting €95 billion worth of US imports, to be enacted if a trade deal with Washington fails to materialize, <a href="https://www.cnbc.com/2025/05/08/european-union-dispute-against-us-tariffs-world-trade-organization.html">CNBC</a>&nbsp;reported on Thursday.
The proposed countermeasures span a wide range of agricultural and industrial goods, including alcoholic beverages such as bourbon and tequila. The EU is currently negotiating to prevent President Donald Trump from imposing a 20% reciprocal tariff on all U.S. imports from the bloc, as well as a 25% tariff on imported vehicles and the same rate on steel and aluminum.
The list of countermeasures, released on Thursday by the EU, includes numerous aircraft and vehicle components, potentially affecting US companies like&nbsp;Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>). 
"It is the unequivocal view of the EU that these [U.S.] tariffs blatantly violate fundamental WTO rules," the European Commission stated.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45282706/bitcoin-close-to-100000-ethereum-xrp-dogecoin-pump-as-trump-touts-trade-deal-with-the-uk" target="_blank" rel="noreferrer noopener">Bitcoin Close To $100,000, Ethereum, XRP, Dogecoin Pump As Trump Touts Trade Deal With The UK &#8211; Benzinga</a>
Why It Matters: The EU&#8217;s proposed countermeasures come in the wake of&nbsp;threats to <a href="https://www.benzinga.com/markets/25/04/44784857/eu-threatens-additional-taxes-on-us-tech-giants-amid-ongoing-tariff-war-we-are-developing-retaliatory-measures-says-von-der-leyen">impose additional </a>taxes on U.S. tech giants&nbsp;like Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) if the ongoing tariff negotiations fail. This move also follows U.S. Vice President JD Vance&#8216;s recent&nbsp;comments <a href="https://www.benzinga.com/markets/25/05/45278156/jd-vance-softens-tone-says-us-and-europe-are-on-same-team-calls-divide-talk-completely-ridiculous-ahead-of-eu-tariff-response">emphasizing unity</a> between the U.S. and Europe, a significant shift from his previous stance.
Despite the ongoing tariff turbulence, the U.K. has become the first country to secure&nbsp;a trade arrangement with the&nbsp;U.S. President Donald Trump has expressed his intent to strike a deal with Europe, even though he claims&nbsp;that the EU treats the&nbsp;US &#8220;unfairly&#8221; in trade matters.
At the same time, EC President Ursula von der Leyen stated, "The EU remains fully committed to finding negotiated outcomes with the U.S. We believe there are good deals to be made for the benefit of consumers and businesses on both sides of the Atlantic."
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/25/05/45308288/bitcoin-closing-in-on-104000-ethereum-dogecoin-rally-on-trade-deal-optimism-analytics-firm-highlights-the-double-edged-sword-amid-bullish-sentiment" target="_blank" rel="noreferrer noopener">Bitcoin Closing In On $104,000, Ethereum, Dogecoin Soar On Trade Deal Optimism: Analytics Firm Says Bullish Sentiment A &#8216;Double-Edged Sword&#8217; &#8211; Grayscale Bitcoin Mini Trust (BTC) Common units of fracti</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors

Economics

GOOG

GOOGL

US 'Blatant' Tariffs Spark EU Backlash As Bloc Plans WTO Challenge, Proposes $107 Billion in Countermeasures

Plains All American Pipeline, L.P. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) will release earnings results for the first quarter, before the <a href="https://www.benzinga.com/quote/PAA/earnings">opening bell on Friday, May 9.</a>
Analysts expect the Houston, Texas-based company to report quarterly earnings at 45 cents per share, up from 41 cents per share in the year-ago period. Plains All American Pipeline projects to report quarterly revenue at $14 billion, compared to $11.99 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 26, Plains All American Pipeline announced that Harry Pefanis will retire as President of Plains effective June 1.
Plains All American Pipeline shares rose 1.4% to close at $16.94 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/PAA/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Barclays analyst Theresa Chen maintained an Underweight rating and cut the price target from $19 to $18 on April 10, 2025. This analyst has an accuracy rate of 76%.</li>
<li>Morgan Stanley analyst Robert Kad maintained an Equal-Weight rating and raised the price target from $19 to $23 on March 25, 2025. This analyst has an accuracy rate of 73%.</li>
<li>Raymond James analyst Justin Jenkins maintained a Strong Buy rating and increased the price target from $23 to $24 on Jan. 28, 2025. This analyst has an accuracy rate of 78%.</li>
<li>Wells Fargo analyst Michael Blum downgraded the stock from Overweight to Equal-Weight and slashed the price target from $22 to $20 on Dec. 18, 2024. This analyst has an accuracy rate of 64%.</li>
<li>UBS analyst Shneur Gershuni maintained a Buy rating and raised the price target from $21 to $22 on July 2, 2024. This analyst has an accuracy rate of 79%.</li>
</ul>
Considering buying PAA stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="574" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09031134/image-93-1024x574.png" alt="" class="wp-image-909601" style="width:551px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09031134/image-93-1024x574.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09031134/image-93-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09031134/image-93-768x431.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09031134/image-93.png 1102w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>
Photo via Shutterstock

Plains All American Pipeline Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

On Thursday, Instagram CEO Adam Mosseri's testimony revealed how TikTok's <a href="https://benzinga.com/25/04/44821791/meta-platforms-used-buy-or-bury-strategy-to-monopolize-social-media-ftc-says">explosive rise forced</a> the Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)-owned app into a fight for survival.
What Happened: Mosseri testified in the Federal Trade Commission's <a href="https://www.benzinga.com/tech/25/04/45112477/exclusive-if-meta-is-forced-to-divest-instagram-whatsapp-or-facebook-43-pick-this-standout">antitrust case against Meta</a>, where the U.S. government claims the tech giant has illegally monopolized the social networking market.
The trial detailed how, when Mosseri took over Instagram in 2018, the app was facing worrisome drops in user engagement, largely due to competition from ByteDance-owned TikTok. By 2019, internal estimates showed that 23% of Instagram's declining U.S. time spent could be attributed directly to TikTok.
"We can't explain it all, but what's clear at this point is that we need to adapt, and do so quickly," Mosseri wrote to his team in March 2020.
In his testimony at DC courts, Instagram&#8217;s boss said, "You're either growing, or you're slowly dying."
Instagram's comeback came largely through improving its Reels product with better AI-driven recommendations. But TikTok remains "the fiercest competition that we have faced," the report noted.
Interestingly, in his testimony, Mosseri noted that while TikTok used to offer a passive, lean-back viewing experience, it has now become "every bit as participatory as we are," even rolling out features to strengthen friend connections.
Why It's Important: The testimony comes at a pivotal moment as the FTC argues that Meta's dominance in personal social networking — a market that includes apps like Instagram and Snapchat by Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) — is stifling competition.
Meta has argued against the <a href="https://www.benzinga.com/general/social-media/24/11/42177636/meta-heads-to-trial-over-instagram-whatsapp-acquisitions">antitrust allegations</a>, highlighting competition from TikTok and YouTube, which is owned by Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>).
While Meta has claimed in court that entertainment has eclipsed social connections in its business, Mosseri's comments on Thursday highlight that friend-based engagement remains a key differentiator for Instagram, the report said.
Price Action: Meta&#8217;s shares slipped 0.015% in after-hours trading, settling at $597.92, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
The company holds a momentum score of 82.95% and a growth score of 76.10%, as per Benzinga's exclusive Edge Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Click here to see how Meta stacks up against</a>&nbsp;Snapchat, Alphabet and others.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/META"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09025934/Screenshot-2025-05-09-at-12.29.28%E2%80%AFPM.png" alt="" class="wp-image-909582" /></a></figure>
Photo Courtesy: Koshiro K On Shutterstock.com
Read More:
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<li><a href="https://benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-f" target="_blank" rel="noreferrer noopener">‘Most People Don&#8217;t Have The Balls To Do It,&#8217; Says Mark Cuban, Praising Musk For Going ‘All In&#8217; With His Own Money For His Startups</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Legal

Tech

Media

SNAP

Instagram CEO Adam Mosseri Testimony Reveals TikTok Led To Worrisome Engagement Drop For Meta's Platform: 'You're Either Growing, Or You're Slowly Dying'

Reported Earlier, Newell Brands Upsizes And Prices $1.25B 8.50% Senior Notes Due 2028 To Fully Redeem 2026 Notes

Reported Earlier, Super League Enterprise Announces Proposed Public Offering, Plans To Use Proceeds For Working Capital And Debt Reduction

WTFC

Reported Earlier, Wintrust Financial Prices $425M Public Offering Of 17M Depositary Shares At $25 Each, Backed By 7.875% Series F Preferred Stock

Reported Earlier, ONE Gas Prices $197.5M Public Offering Of 2.5M Shares

Proceeds intended to support Hims &amp; Hers' global expansion through organic growth and strategic acquisitions, while also fueling deeper investment in AI, diagnostics, and personalized treatments to scale access and meet rising demand for high-quality, personalized care

Hims & Hers Health, Inc. Class A Common Stock

HIMS

Reported Earlier, Hims & Hers Prices Upsized $870M Notes Due 2030 To Fuel Global Growth And AI-Driven Healthcare Expansion

During its first-quarter earnings call on Thursday, 10x Genomics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXG#NASDAQ">TXG</a>) withdrew its full-year guidance, opting instead to provide quarterly forecasts. 
What Happened: The company cited policy uncertainty stemming from recent U.S. government budget cuts for academic research as the reason for the shift.
&#8220;Approximately 40% to 50% of our revenue is supported by U.S. academic and government research funding,&#8221; CEO Serge Saxonov said as he announced the decision to move to quarterly guidance.
He says, &#8220;The U.S. policy changes have introduced increased uncertainty into purchasing behavior for many of our customers,&#8221; adding that the company is &#8220;highly exposed to ongoing uncertainty.&#8221; 
See More: <a href="https://www.benzinga.com/25/05/45305930/elon-musk-said-bill-gates-has-no-clue-after-gates-claimed-electric-trucks-may-never-be-practical-because-they-cant-cover-long-distances">Elon Musk Said Bill Gates &#8216;Has No Clue&#8217; After Gates Claimed Electric Trucks May &#8216;Never Be Practical&#8217; Because They Can&#8217;t Cover Long Distances</a>
Saxonov noted that in the face of actual and looming budget cuts, many of their customers have become hesitant to commit to new projects.
Saxonov did not hold back on his critique of the recent federal actions, which he says are undermining America&#8217;s leadership. He said, &#8220;We are indeed on the threshold of a golden age, but we are shooting ourselves in the foot, right when we should be pressing on the accelerator.&#8221;
Saxonov also called the National Institutes of Health (NIH) &#8220;the foundational jewel of biomedical progress&#8221; and warned that the broader U.S. research enterprise is at risk. 
&#8220;Our university system is the global engine of scientific discovery and the envy of the world,&#8221; he said. &#8220;Current funding challenges risk fundamentally dismantling their ability to support research,&#8221; an outcome he described as &#8220;a tragedy.&#8221;
Why It Matters: Since the funding cuts were announced, the NIH has issued several <a href="https://benzinga.com/25/03/44200499/national-institutes-of-health-terminates-some-research-grants-amid-political-and-policy-shift">grant termination letters</a>, with hundreds more expected in the coming months.
France and the European Union have seized on the uncertainty to <a href="https://benzinga.com/25/05/45193766/france-and-eu-lure-us-researchers-with-nearly-567-million-incentives-amid-trumps-academic-funding-cuts">attract American researchers</a>, announcing more than $500 million in incentives in recent months to lure talented researchers to their respective nations. 
10x Genomics reported $155 million in revenue during its first quarter, up 9.92% year-over-year, with a loss of $34.35 million, or $0.28 per share, down from $59.9 million, or $0.50 per share a year ago.
Price Action: The stock was up 3.85% on Thursday, and is up another 4.28% after hours following its first quarter results. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="135" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09015823/Screenshot-2025-05-09-at-11.28.13-AM-1024x135.png" alt="" class="wp-image-909495" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09015823/Screenshot-2025-05-09-at-11.28.13-AM-1024x135.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09015823/Screenshot-2025-05-09-at-11.28.13-AM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09015823/Screenshot-2025-05-09-at-11.28.13-AM-768x101.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09015823/Screenshot-2025-05-09-at-11.28.13-AM-1536x203.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09015823/Screenshot-2025-05-09-at-11.28.13-AM.png 1590w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
According to Benzinga Edge Stock Rankings, the stock scores poorly and has an unfavorable price trend in the short, medium, and long term. For more insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a>. 
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Health Care

10x Genomics CEO Calls NIH The 'Foundational Jewel' Of Biomedical Progress, Says 40% To 50% Of Revenue Supported By Academic And Government Research Funding — Pulls Full Year Revenue Guidance

OpenAI chief Sam Altman told a Senate Commerce panel that the artificial-intelligence boom "will be at least as big as the internet, maybe bigger," a shift so profound that even its architects "can't quite wrap our heads around" where it leads.
What Happened: Pressed by Sen. John Fetterman about the so-called singularity — the moment machines outstrip human intelligence — Altman replied, "I am incredibly excited about the rate of progress, but I also am cautious … I feel small next to it," calling AI "among the biggest, maybe the biggest technological revolutions humanity will have ever produced."
He stressed that society will adapt, "figure how to use these tools to do things we could never do before," yet must approach the new era "with humility and some caution."
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For Altman, the path remains thrilling but opaque: "These are going to be tools capable of things we can't quite wrap our heads around … some people call that singularity … it feels like a new era of human history."
See also: <a href="https://www.benzinga.com/personal-finance/25/05/45301579/elon-musk-says-we-didnt-come-up-with-the-name-tesla-bought-it-for-75k-after-sending-the-nicest-guy-to-camp-out-at-the-owners-doorstep">Elon Musk Says &#8216;We Didn&#8217;t Come Up With The Name Tesla&#8217;—Bought It For $75K After Sending &#8216;The Nicest Guy&#8217; To Camp Out At The Owner&#8217;s Doorstep</a>
Why It Matters: The remarks came during a hearing on U.S. competitiveness in AI that also featured executives from Microsoft, AMD and CoreWeave, according to Reuters, urging lighter regulation and heavy infrastructure spending to keep pace with China. According to a <a href="https://www.washingtonpost.com/politics/2025/05/08/openai-ceo-sam-altman-congress-senate-testify-ai/3f52b0b6-2c34-11f0-a724-3bc879c9f843_story.html">separate report</a> by The Washington Post, lawmakers of both parties echoed those fears while probing skyrocketing power demands from data centers and the risk of AI-generated deepfakes.
Altman's uncertainty highlights a broader debate over super-intelligence once <a href="https://www.theguardian.com/technology/article/2024/jun/29/ray-kurzweil-google-ai-the-singularity-is-nearer">championed</a> by futurists like Ray Kurzweil and, more recently, <a href="https://www.benzinga.com/25/04/44856587/former-google-ceo-predicts-that-ais-sprint-toward-super-intelligence-could-put-a-smartest-human-in-every-pocket-by-2031">flagged</a> by ex-Google chief Eric Schmidt, who predicted AI could put a "smartest human in every pocket" by 2031.
Former OpenAI employees <a href="https://www.benzinga.com/government/24/07/39912332/senators-press-sam-altman-for-safety-transparency-at-openai-vulnerable-ai-is-not-acceptable">warned last year</a> that the company was sidelining safety, a worry that soon echoed in Washington. Five senators wrote to Altman at the time demanding details on how the firm plans to keep its powerful AI models in check. The lawmakers flagged alleged retaliation against internal whistleblowers and pressed Altman to prove safety remains a priority as OpenAI partners with the U.S. government. 
Their letter joined a growing chorus of experts, including co-founder Elon Musk, who say <a href="https://www.benzinga.com/news/23/05/32270606/elon-musks-latest-warning-the-eerie-consequences-of-a-society-completely-dependent-on-technology">unchecked AI</a> could carry grave risks for humanity.
Sam Altman &#x7C; Photo courtesy: jamesonwu1972 / Shutterstock.com
Read next: <a href="https://www.benzinga.com/tech/25/05/45309175/nvidia-modifies-h20-chip-for-china-after-us-restrictions-block-sales-aims-to-deliver-new-version-by-july-report">Nvidia Modifies H20 Chip For China After US Restrictions Block Sales, Aims To Deliver New Version By July: Report</a>

Sam Altman Says 'Can't Wrap Our Heads Around' The Size Of The AI Revolution, Calls For 'Humility And Caution' To Guide The Future

Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) reported first-quarter 2025 earnings, where the company highlighted significant progress in its advertising business, securing brand campaigns with major players like Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), Crypto.com, and Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>).
What Happened: CEO Chris Pawlowski expressed optimism, stating, &#8220;While it is still very early, I can now confidently say we are starting to see traction [in advertising].&#8221; He specifically noted the successful completion of a campaign with Netflix and ongoing campaigns with Crypto.com and Chevron, spanning various media formats on the platform.
The company also reported a 34% year-over-year revenue growth, driven by audience monetization. Despite this, the platform maintained over 50 million monthly active users for the seventh consecutive quarter, with an 87% user retention rate from the previous quarter.
See Also: <a href="https://www.benzinga.com/news/earnings/25/05/45308042/monsters-ceo-we-dont-always-win-on-hedging-as-aluminum-tariffs-bite-into-q2-margins">Monster&#8217;s CEO: &#8216;We Don&#8217;t Always Win&#8217; On Hedging—As Aluminum Tariffs Bite Into Q2 Margins</a>
Why It Matters: Rumble&#8217;s Chief Financial Officer, Brandon Alexandroff, noted a 14% improvement in adjusted EBITDA loss to $22.7 million compared to the previous year, reiterating the goal of reaching EBITDA breakeven in 2025. 
Looking ahead, Rumble aims to launch its &#8220;RumbleWallet&#8221; in the third quarter of 2025, intending to compete with platforms like Coinbase in the cryptocurrency space and facilitate international monetization. The company is also exploring crypto exchange partnerships.
Price Action: Rumble&#8217;s stock closed at $7.78 on Thursday, up 2.37% for the day. In after-hours trading, the stock rose further to $7.95, gaining an additional 2.19%. Year to date, however, the stock is down 37.26%.
Rumble shows positive momentum and strong long-term price trends, but the stock lags in growth metrics and short- to medium-term performance, according to Benzinga Edge Stock Ranking. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Sign up to learn more</a>.
Photo Courtesy: Tada Images On Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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