GSR III Acquisition Corp. - Right 株価情報 (NASDAQ: GSRTR)

最新ニュース GSR III Acquisition Corp. - Right (NASDAQ:GSRTR) 株価情報

GSR III Acquisition Corp. - Right

Herc Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRI#NYSE">HRI</a>) reported first-quarter financial results before the market open on Tuesday. Here&#8217;s a rundown <a href="https://www.benzinga.com/pressreleases/25/04/b44917566/herc-holdings-reports-first-quarter-2025-results-and-affirms-2025-full-year-guidance">of the report</a>.
Q1 Earnings: Herc Holdings reported first-quarter revenue of $861 million, beating analyst estimates of $849.44 million, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. The company reported first-quarter adjusted earnings of $1.30 per share, down from $2.36 per share in the prior year&#8217;s quarter.
Total revenue was up 7% year-over-year, driven by record equipment rental revenue of $739 million, up 3% year-over-year. 
The company ended the quarter with $48 million in cash and cash equivalents. Including unused commitments under the ABL Credit Facility, Herc Holdings had $1.9 billion of liquidity as of March 31. 
&#8220;Our national account business is growing, fueled by federal and private funding for large construction projects like data centers, manufacturing onshoring and LNG facilities. At the same time, while facility maintenance, municipal, and infrastructure projects are supporting the local markets, other more interest-rate sensitive projects continue to be on hold, restricting overall local account growth,&#8221; said Larry Silber, president and CEO of Herc Holdings.
&#8220;Against this uneven backdrop, Herc&#8217;s diversified business model helps drive resiliency &#8230; And we remain on pace to outperform the overall equipment rental market again this year as Team Herc continues to identify opportunities to deliver value for our customers, while managing our fleet and capital strategically and with discipline.&#8221;
Outlook: Herc Holdings expects 2025 equipment rental revenue growth of 4% to 6%, excluding Cinelease. The sale process for the Cinelease studio entertainment business is ongoing. A transaction is expected to be completed in 2025.
The company anticipates full-year adjusted EBITDA of $1.575 billion to $1.65 billion, excluding Cinelease. 
HRI Price Action: <a href="http://benzinga.com/HRI">Herc Holdings shares</a> were down 7.88% at $102.71 at the time of publication Tuesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: <a href="https://www.shutterstock.com/g/jetcityimage">Jonathan Weiss</a>/Shutterstock.

Earnings

News

Guidance

Movers

Herc Holdings Stock Slides On Q1 Earnings: The Details

Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) is trading 2.85% higher at $142.17 on Tuesday, extending its recent streak of gains and continuing to <a href="https://www.benzinga.com/money/how-to-buy-solana#:~:text=Make%20Your%20Purchase&amp;text=To%20complete%20the%20transaction%2C%20head,you%20would%20like%20to%20purchase.">outpace much of the broader crypto market</a>.&nbsp;
The token is now up 7.15% over the past week and 6.5% over the past month as institutional flows and retail speculation converge to drive momentum.
<h2 class="wp-block-heading">Galaxy Digital Rotates Into Solana</h2>
One of the most talked-about catalysts this week is Galaxy Digital's strategic portfolio shift away from Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and into Solana. According to blockchain data, Galaxy transferred 65,600 ETH—worth approximately $105 million—to Binance and withdrew 752,240 SOL, valued around $98.4 million, over the last two weeks.
The move follows recent commentary from Standard Chartered, which flagged a "structural decline" in Ethereum and slashed its year-end target for the asset, according to CoinDesk. In contrast, Solana's network activity and investor engagement continue to trend upward.
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Solana has also overtaken Ethereum in key usage metrics. According to Dune Analytics, decentralized exchange (DEX) volume on Solana exceeded $500 billion in the last three months, compared to less than $400 billion on Ethereum. Active addresses on the network now stand above 220 million, outpacing Ethereum's 80 million.
<h2 class="wp-block-heading">Retail Mania and Memecoin Surge</h2>
Adding to the buzz, the memecoin wave on Solana has reignited thanks to <a href="https://www.benzinga.com/money/fartcoin-price-prediction">the unexpected surge of Fartcoin</a>, which now trades above $1 and boasts a market cap north of $1 billion.&nbsp;
Speculators have rushed in, with trading volume rising and leveraged bets increasing across Solana-based platforms. While memecoins often carry high volatility and short-lived hype cycles, the spike in activity has drawn more attention to Solana's ecosystem and helped drive up transactional volume and visibility.
<h2 class="wp-block-heading">Technical Setup and Outlook</h2>
From a technical perspective, Solana's break above $140 has opened the door for a potential retest of recent highs in the $145–$148 range. Momentum indicators are firming, and on-chain flow remains positive. Solana is one of the stronger altcoin players in this cycle, especially amid concerns over Ethereum's scalability and Layer-2 fragmentation.
With investor sentiment shifting and market structure favoring fast, high-throughput chains, Solana appears poised to maintain its current trajectory—provided broader market conditions remain supportive.
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<li>It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.masterworks.com/?ref=zdbimty&amp;utm_source=Benzinga&amp;utm_medium=affiliate&amp;utm_campaign=Benzinga+Newsgen">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%</a>. </li>
</ul>

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

Cryptocurrency

$ETH

$SOL

Solana Price Climbs As Galaxy Digital Swaps ETH For SOL And Memecoin Momentum Builds

XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) is trading marginally higher Tuesday, up 0.05% to $2.10. While the token has slipped 2.75% over the last seven days and 12.21% over the past month, <a href="https://www.benzinga.com/money/how-to-buy-ripple-xrp#:~:text=To%20purchase%20XRP%20on%20a,your%20assets%20as%20the%20custodian.">investor interest appears to be stabilizing</a>—especially among institutions betting on XRP's relative strength against Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
<h2 class="wp-block-heading">XRP Defies Retail Sell-Off With Strong Inflows</h2>
XRP investment products recorded $37.7 million in net inflows last week, according to CoinShares—placing the token just $1 million shy of Ethereum's year-to-date total and positioning it as one of the best-performing altcoins among institutional traders.
The resilience comes as <a href="https://www.benzinga.com/25/04/44837237/march-retail-sales-post-highest-surge-in-over-two-years-as-us-consumers-anticipate-tariff-jitters">stronger-than-expected U.S. retail sales figures</a> prompted $146 million in broader crypto outflows last week. The U.S. market, in particular, saw net outflows of $71 million, while Ethereum and Bitcoin products posted losses of $27 million and $6 million, respectively.
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XRP, by contrast, saw renewed momentum from the launch of Coinbase's XRP futures contracts and an uptick in network activity, with utilization approaching 70% late last week.
<h2 class="wp-block-heading">Technical Setup: XRP Range-Bound With Eyes on $2.18</h2>
Chart watchers are eyeing $2.18 as the next resistance level. XRP broke out briefly over the weekend, surging 4.3% in two hours to top $2.14 before retreating slightly. Support continues to hold at $2.06, with volume spikes confirming genuine buyer interest on dips.
Bollinger Bandwidth—a measure of market compression—has narrowed to its lowest level since October 2024 on the 4-hour chart, signaling volatility release. Whether that translates into a breakout or breakdown remains unclear, though rising long positions and a strengthening RSI suggest momentum is favoring bulls in the short term.
<h2 class="wp-block-heading">Macro Backdrop: Bitcoin's Strength Lends Altcoin Support</h2>
Bitcoin's surge above $88,000 continues to buoy sentiment across crypto, reinforcing its "digital gold" status amid global market instability. CoinDesk noted that BTC's breakout is lending support to assets like XRP, SOL, and ADA, which were previously weighed down by macro pressures and outflows from U.S.-based funds.
As <a href="https://www.benzinga.com/government/regulations/25/04/44903750/gold-price-soars-to-record-highs-eyes-best-2-month-rally-since-2011-on-blockbuster-etf-buying#:~:text=%22Gold%20has%20surged%20to%20new,banks%2C%22%20VanEck%20said%20Monday.">gold trades at record highs and the dollar weakens amid Trump tariff pressures</a>, digital assets are being viewed less as speculative trades and more as strategic hedges—further validating XRP's place in the current market rotation.
With XRP inflows accelerating and technical indicators flashing bullish signals, investors are watching for a decisive break above $2.18. A successful push through that level could set the stage for a move toward $2.29 in the coming sessions. A failure to maintain current support at $2.06, however, could lead to a retest of $1.99.
As institutional sentiment shifts and altcoin futures products gain traction, XRP's positioning as a high-liquidity, U.S.-accessible asset could give it an edge—especially if macro uncertainty continues to drive capital rotation across digital markets.
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<li>It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.masterworks.com/?ref=zdbimty&amp;utm_source=Benzinga&amp;utm_medium=affiliate&amp;utm_campaign=Benzinga+Newsgen">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%</a>. </li>
</ul>

$BTC

$XRP

XRP Holds Steady As Institutional Inflows Defy Broader Market Outflows

Shares of U.S.-listed Chinese companies, including Alibaba Group inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and PDD Holdings Inc.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) are trading higher Tuesday after U.S. Treasury Secretary Scott Bessent reportedly indicated a possible de-escalation in the ongoing <a href="https://www.benzinga.com/25/04/44915474/chinese-retail-investors-hodl-stocks-in-patriotic-response-to-us-trade-war">tariff conflict with China.</a>
What To Know: According to <a href="https://www.bloomberg.com/news/articles/2025-04-22/bessent-sees-de-escalation-with-china-situation-unsustainable?embedded-checkout=true">Bloomberg</a>, Bessent's comments were made during a private session at an event hosted by JPMorgan Chase &amp; Co. in Washington, held alongside the IMF and World Bank spring meetings. 
According to attendees, Bessent acknowledged that formal negotiations between the U.S. and China have not yet started but emphasized that he believes a deal is achievable. He did not provide a timeline or specifics on potential terms but made it clear that the current state of trade—where each country has imposed more than 125% in tariffs on many goods—is untenable.
The S&amp;P 500 index climbed as much as 2.9% by midday in New York trading.
Price Action: Alibaba shares were up 4.82% at $115.45, Nio shares were up 4.58% at $3.765 and Pdd holdings shares were up 4.78% at $98.88 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga Pro.</a>
Image Via Shutterstock.

BABA

Citigourp Global Markets 2% Protected Notes Linked To The Djia

Alibaba, Nio, PDD Shares Rise Amid Potential 'De-Escalation' Of China Trade Tensions: What's Going On?

Trading Ideas

TMDE

TMD Energy Shares Halted On Circuit Breaker To The Upside, Stock Now Up 37.5%

WIIM

BAFN

BBVA

CATY

EWBC

FCNCA

FITB

GGAL

HBCP

HSBC

INTR

SMBK

TBBK

WTFC

Shares of banking companies are trading higher amid Treasury Secretary Scott Bessent's remarks about trade de-escalation with China.

<a href="https://www.theinformation.com/briefings/northrop-grumman-taps-ex-microsoft-manager-lead-ai-programs" title="https://www.theinformation.com/briefings/northrop-grumman-taps-ex-microsoft-manager-lead-ai-programs">https://www.theinformation.com/briefings/northrop-grumman-taps-ex-microsoft-manager-lead-ai-programs</a>

Management

'Northrop Grumman Taps Ex-Microsoft Manager to Lead AI Programs' - The Information

CORRECTION: Barclays analyst Tom O'Malley downgrades Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) from Equal-Weight to Underweight and lowers the price target from $180 to $125.

Downgrades

Price Target

Analyst Ratings

CORRECTION: Barclays Downgrades Texas Instruments to Underweight, Lowers Price Target to $125

Chinese trade flows exhibited momentum in April despite President Donald Trump&#8217;s tariff war against <a target="_blank" href="https://www.benzinga.com/topic/chinese-stocks" rel="noreferrer noopener">its trading partners</a>.
Trump&#8217;s tariff relief on electronic products and pause of reciprocal tariffs against most countries posed a tailwind, signaling Asia suffered less trade disruption.
Chinese e-commerce juggernaut Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), the country&#8217;s tech barometer, trades higher on Tuesday.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/25/04/44874701/temu-and-shein-to-raise-prices-amid-us-tariffs-slash-ad-spend-on-apple-meta" rel="noreferrer noopener">Temu And Shein To Raise Prices Amid US Tariffs, Slash Ad Spend On Apple, Meta</a>
Electric vehicle companies, including NIO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), are also trading upwards Tuesday.
Temu parent PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) and Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) also rose on Tuesday after Treasury Secretary Scott Bessent reportedly said he expects de-escalation with China.
Chinese ports processed 6.3 million containers in the seven days through April 20,&nbsp;up by 10% from the same week last year, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-04-22/china-trade-immune-so-far-to-tariffs-with-growth-pickup-in-april?srnd=phx-technology&amp;sref=TBDibEcD" rel="noreferrer noopener">reported</a>, citing official data.
Additionally, Washington&#8217;s exemption on electronics from reciprocal tariffs provided some relief for Chinese exporters since the exclusion covers over $100 billion in goods from the country, Bloomberg cited&nbsp;Gerard DiPippo data.
Washington and Beijing have imposed levies over 100% on most of their bilateral commercial flows.
The Port of Los Angeles&nbsp;expects&nbsp;13 ships from Chinese ports to anchor this week, and over 120,000 containers from all origins will be overloaded this week, just below the level in the prior seven days.
Air freight also benefited,&nbsp;as U.S. shoppers stockpiled Temu and Shein products before the U.S. government&nbsp;ended an exemption.
However, it&#8217;s not all good for China, as Bloomberg cited Caixin Global as stating that the volume of cargo carried on the China-Europe train links&nbsp;declined by 10% in the first quarter.
Reportedly, China&#8217;s Xi Jinping could propose a plum deal to Europe as it proposed to tap the <a target="_blank" href="https://www.benzinga.com/news/global/25/04/44892820/xi-jinping-could-woo-europe-with-a-potential-china-deal-to-undercut-trumps-tariff-strategy-expert-warns" rel="noreferrer noopener">strained US-EU relations</a>.
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</ul>
Photo via Shutterstock

Topics

Media

BIDU

XPEV

Why Are US-Listed Chinese Stocks Trading Higher On Tuesday?

Investors are gearing up for Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) to release its quarterly results after<a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44930495/wall-street-rebounds-ahead-of-tesla-earnings-dow-adds-1000-points-bitcoin-hits-91000-whats-driving-markets-tuesday"> Tuesday's closing bell.&nbsp;</a>
A Benzinga poll finds that a majority of respondents think that the EV giant will miss consensus estimates for the quarter.&nbsp;&nbsp;
Read Next: <a href="https://www.benzinga.com/25/04/44925313/tesla-q1-earnings-preview-shareholders-analysts-want-answers-on-guidance-tariffs-fsd-and-more">Tesla Q1 Earnings Preview: Shareholders, Analysts Want Answers On Guidance, Tariffs, FSD And More</a>
Estimates: Analysts expect Tesla to report first-quarter revenue of $21.35 billion, up from $21.30 billion in last year&#8217;s first quarter, according to data <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0421">from Benzinga Pro.</a>
Analysts expect the company to report first-quarter earnings per share of 41 cents, down from 45 cents in last year&#8217;s first quarter. The company beat earnings per share estimates in the fourth quarter.
Tesla has missed analyst estimates for earnings per share in five of the last six quarters and six of the last 10 quarters overall.
What To Expect: Tesla sales are falling, especially in Europe and CEO Elon Musk&#8217;s focus could be elsewhere, said Jay Woods, Freedom Capital Markets chief global strategist.
&#8220;Tesla remains one of the most volatile and discussed stocks in the world. Elon Musk&#8217;s political bent has made this stock a lightning rod of discussion,&#8221; Woods said in a weekly newsletter.
Wedbush analyst Daniel Ives has argued that Musk should be focusing more time on Tesla and has also questioned how much "brand damage" has been done by the CEO's<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44933432/tesla-in-code-red-situation-as-analyst-flags-6-threats-tied-to-musks-government-role"> political involvement</a>.&nbsp;
Poll Results: Benzinga recently polled <a href="https://www.benzinga.com/premarket-prep">Premarket Playbook</a> viewers to predict Tesla's earnings results.&nbsp;
The poll results were:
<ul>
<li>Miss: 68%</li>
<li>Beat: 19%</li>
<li>Inline: 11%</li>
</ul>
The poll found more than half of respondents expect Tesla to miss analysts' estimates and only 19% see the company beating the consensus expectations. The remaining 11% of respondents said they see Tesla's Q1 results inline with analysts' estimates.&nbsp;
TSLA Price Action: Tesla stock was up 3.65% to $235.73 heading into Tuesday's closing bell, according to data from<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw"> Benzinga Pro.&nbsp;</a>
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</ul>
Image: Shutterstock

Large Cap

Exclusives

Tech

TSLA

Will Tesla Beat The Street? 68% Expect Something Markets May Not Be Ready For

JERSEY CITY, N.J., April 22, 2025 (GLOBE NEWSWIRE) -- Gotham FC, the preeminent top-tier professional women's soccer club in the New York region, announced on Tuesday the multi-year extension of its marquee partnership with <a href="https://www.globenewswire.com/Tracker?data=3UuSMqmyDFRtA7Mr_RJnfW6WFtIbb_KHCbujpF3yn3uzCNuupfpkFYJu1c2O0DoLuueKSQQk7MW5lbFwdfSCOw==">CarMax</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>), the nation's largest retailer of used cars. The renewed partnership continues the dynamic relationship between the two brands, deepening their shared commitment to community and the growth of women's sports.&nbsp;
As part of this renewed collaboration, CarMax will remain the front-of-kit sponsor of Gotham FC, with prominent logo placement on the club's kits. CarMax is also the presenting partner of the Gotham FC regular season and Fan Fest at Sports Illustrated Stadium in addition to regional game broadcasts on MSG Networks, the Gotham FC player of the match award, the CarMax Kids program and an original content series set to be released later this season.&nbsp;&nbsp;

Gotham FC Announces Multi-Year Extension Of Marquee Partnership With CarMax

Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are trading higher by 11.5% to 88 cents Tuesday afternoon. The stock is rebounding sharply amid a broad Wall Street rally, sparked by potential <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44930495/wall-street-rebounds-ahead-of-tesla-earnings-dow-adds-1000-points-bitcoin-hits-91000-whats-driving-markets-tuesday">easing of geopolitical concerns.</a>
What To Know: Tuesday&#8217;s market bounce followed Monday's sell-off, which was triggered by the Trump administration&#8217;s <a href="https://www.benzinga.com/government/regulations/25/04/44904179/wall-street-sinks-dollar-slides-as-trump-ramps-up-fed-attacks-whats-driving-markets-monday">pressure</a> on the Federal Reserve. On Tuesday, major indices all surged more than 2.5%, with the Nasdaq-100 gaining over 400 points.
Sentiment improved further after U.S. Treasury Secretary Scott Bessent <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44930495/wall-street-rebounds-ahead-of-tesla-earnings-dow-adds-1000-points-bitcoin-hits-91000-whats-driving-markets-tuesday">signaled</a> a potential easing in U.S.-China tensions.
Plug Power shares have also been volatile in recent sessions following last week&#8217;s launch of a major hydrogen liquefaction facility in Louisiana, developed in partnership with Olin Corporation. The company says the facility adds 15 metric tons of daily capacity and strengthens Plug's domestic supply chain.
Despite financial headwinds—<a href="https://www.benzinga.com/news/25/04/44614627/plug-power-stock-plagued-by-earnings-miss-cost-cuts-280m-capital-raise-in-march">including a fourth-quarter earnings miss</a>, a $280 million capital raise, and a sharp revenue guidance cut—CEO Andy Marsh remains bullish, taking 50% of his salary in company stock to signal confidence in the company's long-term outlook.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44933432/tesla-in-code-red-situation-as-analyst-flags-6-threats-tied-to-musks-government-rol">Tesla In &#8216;Code Red Situation&#8217; As Analyst Flags 6 Threats Tied To Musk&#8217;s Government Role</a>
<h2 class="wp-block-heading">How To Buy PLUG Stock</h2>
By now you're likely curious about how to participate in the market for Plug Power &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, PLUG has a 52-week high of $4.88 and a 52-week low of $0.76.

PLUG

Plug Power Stock Is Up 11% Tuesday: What's Going On?

Sen. Elizabeth Warren (D-MA) is raising concerns after President Donald Trump <a href="https://www.benzinga.com/25/04/44872241/trump-criticizes-fed-chair-powell-as-too-late-and-wrong-china-cuts-us-oil-imports-by-90-shifts-to-canada-over-tariffs-nvidia-follows-us-rules-on-china-sales-amid-trade-tensions-top-headlines-while-the-us-slept">once again criticized</a> Federal Reserve Chair Jerome Powell and hinted at firing him before the end of his term.
Speaking to <a href="https://www.youtube.com/watch?v=GApxUtKDnEM">CNBC</a> last week, Warren said that while the president cannot legally fire Powell, she wouldn't put anything past Trump. "This is a president who has shown himself willing to violate laws," she said. "If Chairman Powell can be fired by the president of the United States, it will crash the markets."
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<h2 class="wp-block-heading">Warren Warns of Financial Chaos</h2>
Warren, a <a href="https://www.benzinga.com/news/24/06/39325582/elizabeth-warren-slams-fed-chair-jerome-powell-on-tackling-violation-of-banks-insider-trading-policy">longtime critic</a> of Powell's decisions on interest rates and regulation, said it's still imperative that the Federal Reserve remain independent. "The infrastructure that keeps this stock market strong…is the idea that the big pieces move independent of the politics," she said. "If the New York Stock Exchange, if interest rates in the United States are subject to a president who just wants to wave his magic wand…then we are no different from a two-bit dictatorship."
Her comments came just hours after Trump on Thursday <a href="https://truthsocial.com/@realDonaldTrump/posts/114352766082542122">posted</a> on Truth Social that, "Powell&#8217;s termination cannot come fast enough!" Trump accused Powell of being &#8220;too late and wrong&#8221; on interest rates and blamed him for slowing the economy.
Later that day, Trump doubled down, <a href="https://www.youtube.com/watch?v=r925D_I5GtY">telling reporters</a>, &#8220;I don&#8217;t think he&#8217;s doing the job. He&#8217;s too late, always too late&#8230; If I want him out, he&#8217;ll be out of there real fast, believe me.&#8221;
Trending: <a href="https://www.benzinga.com/money/investing-in-the-midwest-why-multifamily-real-estate-is-a-winning-strategy">This investment company boasts a 33.85% internal rate of return (IRR) for its realized projects, allowing accredited investors to earn passive returns and avoid the headaches of being a landlord.</a>
<h2 class="wp-block-heading">A Pattern of Pay-to-Play?</h2>
Warren also accused Trump of using tariffs to reward allies and donors while hurting competitors. She pointed to Trump's <a href="https://www.benzinga.com/markets/equities/25/02/43876173/apple-ceo-tim-cook-reportedly-meets-trump-as-tariff-impact-looms-on-iphone-sales-and-companys-china-strategy">past interactions</a> with Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO Tim Cook and previous tariff decisions linked to countries where Trump had business interests.
"The problem is, nobody can trust the system," Warren said. "There's no independence, no fairness. It's all, whose palm did you grease?"
In a joint <a href="https://fm.cnbc.com/applications/cnbc.com/resources/editorialfiles/2025/04/16/Warren_Lawmakers_Letter_to_Trump_Administration_on_Corruption_and_Tariffs.pdf">letter</a> to Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, Warren and nearly 50 Senate Democrats criticized the unpredictability and favoritism in Trump's tariff policy. They called for more transparency around companies seeking tariff exemptions.
&#8220;We have not built a strong economy in America based on that kind of pay-to-play,&#8221; she said.
See Also: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.60 per share now</a>.
<h2 class="wp-block-heading">Fed Independence Goes Back Generations</h2>
Warren explained that the Fed's independence has been essential to American financial stability since the Civil War, when the Office of the Comptroller of the Currency was created in 1863 to ensure the integrity of the banking system during wartime.&nbsp;
She pointed out that, ever since, regulators have been kept financially and politically independent to avoid pressure from elected officials or wealthy donors.
&#8220;We need to preserve it not for the politics of the moment, but because overall, that's what keeps the system strong year after year, decade after decade.&#8221;
She warned that letting presidents interfere in monetary policy, especially by threatening job security, undermines that entire framework.&nbsp;
Powell has made it known that he does not believe the president has the authority to remove him. His term as Fed chair ends in May 2026.
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Image: Shutterstock

AAPL

Elizabeth Warren Says, 'If Trump Illegally Fires Fed Chair Powell, He'll Crash Our Markets, Cause More Economic Pain To American Families'

General

PhenixFIN On April 17, Parties To Credit Facility Amends Terms Of Credit Facility;  Credit Facility Increased By $12.5 Million To $100 Million; Credit Facility Term Extended To April 17, 2030

When the economy gets shaky and trust in banks starts to slip, people naturally look for alternatives. Lately, one of the most talked-about options isn't gold or real estate, but stablecoins.
At their core, stablecoins are digital currencies designed to keep a steady value. Unlike regular cryptocurrencies that can swing wildly in price, stablecoins are tied to assets like the U.S. dollar, making them a reliable store of value. That reliability is starting to matter more than ever.
Stablecoins are also unbound from the constraints that fiat currencies are exposed to. Imagine a freelancer getting paid from overseas — they often have to use remittance companies or crossborder payment services that either charge high fees or take days to settle. For them, stablecoins are a real lifeline. They're easy to use, don't require a bank account, and work around the clock, no matter where you are in the world.
What's more, there's no mountain of paperwork or approval process. Just download a digital wallet, and you&#8217;re in. That kind of open access is game-changing, especially for the billions of people still excluded from traditional banking systems.
USDT and USDC dominate the stablecoin space right now. Together, they move billions every day and are becoming more accessible across different blockchains. Another emerging class of stablecoins are yield-bearing stablecoins, led by Ethena and Level, that provide users with sustainable yield options in the face of widespread volatility.
Stablecoins are no longer just a crypto-native concept. They're rapidly entering the apps people already use every day. PayPal and Venmo now support stablecoin transfers. Nubank and Revolut are integrating stablecoins directly into their fintech interfaces. Even governments are taking notice—Thailand recently announced it will begin accepting stablecoins for certain forms of payment, signaling growing regulatory openness in Asia. This means users can now send global payments, remit funds across borders, and pay merchants without ever needing to understand how blockchain works.
For the first time, people can use borderless digital dollars inside products they already trust. Merchant adoption is accelerating too, Stripe supports stablecoin payments, and integrations with Apple Pay and Google Pay are on the horizon. With these channels in place, stablecoins are on the verge of becoming default digital money.
But while this benefits human users, it also lays the groundwork for something bigger: a fully AI-compatible currency layer.
Stablecoins started as a bridge between fiat and crypto. But their evolution, enabled by the rapid AI developments, could turn them into the coordination layer for the machine economy.
As autonomous AI agents increasingly participate in financial ecosystems, executing trades, managing supply chains, optimizing liquidity, they'll need access to currencies that are not only stable but programmable, interoperable, and instantly available across different asset classes and chains and backed by different types of assets.
AI manages volatility and uncertainty, but it thrives in stability, just like large language models become more effective when fed large clean datasets. Unlike human traders who might speculate on swings, AI agents are logic-driven. They prioritize efficiency, predictability, and risk minimization. That's why highly stable, on-chain currencies anchored in real-world value and verifiable in real time are quickly becoming critical infrastructure in the age of intelligent automation.
Having a stable, AI-compatible currency layer would mean entire industries will be able to transact autonomously with minimal exposure to volatility and using a wide variety of assets. AI agents could settle across jurisdictions without banking rails and real-world assets could be collateralized and algorithmically stabilized, unlocking new forms of programmable value.
Stablecoins are evolving into smarter, more flexible tools that could change how we interact with money, especially when the world feels anything but stable.

Opinion

The Quiet Rise Of The World's New Money Standard

Cryptocurrency markets are trading higher on Tuesday, with Bitcoin reclaiming $91,000 on the back of the <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44917155/xrp-leads-ethereum-bleeds-as-crypto-investment-products-see-6-million-in-inflows">strongest institutional ETF inflows</a> since January.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>$91,549.61</td>
<td>+5.4%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>$1,704.37</td>
<td>+8.5%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>$144.88</td>
<td>+7%</td>
</tr>
<tr>
<td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td>
<td>$2.16&nbsp;</td>
<td>+4.3%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>$0.1723</td>
<td>+9.8%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>$0.00001325</td>
<td>+7.4%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 80.2% and daily active addresses growing by 19.3%. Transactions greater than $100,000 are up from 5,571 to 8,839 in a single day. Exchanges netflows are down by 661.9%.</li>
<li>Coinglass data reports 108,998 traders were liquidated in the past 24 hours with the total liquidations at $348.20 million.</li>
<li>Glassnode data <a href="https://x.com/glassnode/status/1914689187736940885">shows</a> Bitcoin open interest increased from $28.5 billion to $30.7 billion over the past 24 hours.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44919277/xrp-solana-dogecoin-among-72-crypto-related-etfs-awaiting-sec-approval">XRP, Solana, Dogecoin Among 72 Crypto-Related ETFs Awaiting SEC Approval,</a></li>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44926052/bitcoin-reclaims-90000-is-digital-gold-heading-to-100000-next">Bitcoin Reclaims $90,000: Is &#8216;Digital Gold&#8217; Heading To $100,000 Next?</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44917155/xrp-leads-ethereum-bleeds-as-crypto-investment-products-see-6-million-in-inflows">XRP Leads, Ethereum Bleeds As Crypto Investment Products See $6 Million In Inflows</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44907123/ripple-coinbase-solana-among-crypto-firms-contributing-over-12m-to-trumps-inauguration-fund">Ripple, Coinbase, Solana Among Crypto Firms Contributing Over $12M To Trump&#8217;s Inauguration Fund</a></li>
</ul>
Top Gainers:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Fartcoin (CRYPTO: FARTCOIN)</td>
<td>$1.07</td>
<td>+23.2%</td>
</tr>
<tr>
<td>Curve DAO Token (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/crv/usd">CRV</a>) </td>
<td>$0.6896</td>
<td>+18.5%</td>
</tr>
<tr>
<td>Immutable (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">IMX</a>)</td>
<td>$0.5565</td>
<td>+18%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: Crypto trader ElonMoney warns that if Bitcoin fails to hold above $91,200 and slips below the 90-day Volume Weighted Average Price (VWAP), a drop toward the 7-day VWAP near $85,500 is likely.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> can't hold above 91,200 and drops back below the 90D VWAP, we're heading back down to test support at the 7D VWAP around 85,500. <a href="https://t.co/r5e6031tRI">pic.twitter.com/r5e6031tRI</a>
&mdash; elonmoney.hl (@0xelonmoney) <a href="https://twitter.com/0xelonmoney/status/1914740718658105821?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Crypto Chase <a href="https://x.com/Crypto_Chase/status/1914738989938221233">identifies</a> $93,500 as a potential distribution zone, noting that the recent sharp rally lacked liquidity sweeps or meaningful retests. 
He remains cautious, flagging the risk of a sudden reversal pointing out that up-only moves often precede down-only corrections, a pattern he's seen play out frequently in past cycles.
Analyst Benjamin Cowen <a href="https://x.com/intocryptoverse/status/1914728548243529792">highlighted</a> a classic Bitcoin pattern playing out around key moving average crosses: first a dump into the cross, followed by a countertrend rally once it completes. 
This familiar setup often serves as a shakeout before a short-term bounce trap late participant.
On-chain insights from CryptoQuant reveal that spot demand for Bitcoin continues to weaken, despite slowing its decline. 
The firm notes that demand momentum is now at its most negative level since October 2024, signaling underlying fragility. 
Without a turnaround in both demand and momentum, a sustained rally remains unlikely.
<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">Bitcoin spot demand is still falling, but not as fast. Demand momentum just hit its most negative level since Oct '24. Until both recover, sustained upside remains unlikely. <a href="https://t.co/qYx6pryfHC">pic.twitter.com/qYx6pryfHC</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1914747578173768134?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44928800/bitcoin-is-dependent-on-the-us-not-a-non-dollar-asset-peter-schiff-says">Bitcoin Is Dependent On The US, Not A &#8216;Non-Dollar Asset,&#8217; Peter Schiff Says</a></li>
</ul>
Image: Shutterstock

$CRV

$DOGE

$IMX

$SHIB

Bitcoin Reclaims $91,000, Ethereum, XRP, Dogecoin Ride The Rally – 'BTC Doing What It Always Does'

Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) shares are rallying Tuesday, nearing all-time highs on continued momentum from strong earnings late last week. Here&#8217;s a look at <a href="https://www.benzinga.com/markets/equities/25/04/44919712/netflix-shares-up-1-6-after-key-signal-even-as-s-p-500-drops-2-4">what&#8217;s going on</a>.
What To Know: Netflix stock has been on a tear this week as investors flock to the name as a <a href="https://www.benzinga.com/trading-ideas/25/04/44909012/how-to-trade-the-one-tariff-proof-tech-stock">safe haven</a> amid tariff uncertainty. Netflix is largely insulated from global tariffs as the company sells streaming subscriptions as opposed to physical goods, and strong earnings from last week appears to have sparked investor confidence. 
Netflix reported first-quarter revenue of $10.54 billion, beating analyst estimates of $10.52 billion. The company reported first-quarter adjusted earnings of $6.61 per share, beating estimates of $5.74 per share, according to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Total revenue was up 13% year-over-year, driven by membership growth and higher pricing. The streaming giant said results came in above company expectations due to higher-than-forecasted subscription and advertising revenue.
Netflix guided for 15% revenue growth in the second quarter, highlighting continued strong trends in memberships and advertising revenue. The company also forecasted second-quarter earnings of $7.03 per share versus estimates of $6.27 per share.
"We remain optimistic about our 2025 slate with a lineup that includes returning favorites, series finales, new discoveries and unexpected surprises designed to thrill our members," the company said last week. 
Check This Out: <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44930495/wall-street-rebounds-ahead-of-tesla-earnings-dow-adds-1000-points-bitcoin-hits-91000-whats-driving-markets-tuesday">Wall Street Rebounds Ahead Of Tesla Earnings, Dow Adds 1,000 Points, Bitcoin Hits $91,000: What&#8217;s Driving Markets Tuesday?</a>
Following the print, several analysts <a href="https://www.benzinga.com/general/entertainment/25/04/44905838/netflix-playing-offense-while-stock-plays-defense-6-analysts-on-q1-results-advertising-growth-ahead">raised price targets</a> on the streaming stock, ranging from $1,070 to $1,514 per share. 
JPMorgan analysts flagged Netflix as a defensive play for investors, but also noted that the company is &#8220;playing offense.&#8221; The analyst firm believes Netflix will continue to be a key beneficiary of the ongoing disruption of linear TV. 
Several analysts acknowledged Netflix&#8217;s limited exposure to tariffs, suggesting minimal impacts from macroeconomic uncertainty. Many firms also pointed to strong subscriber growth trends and the ability for the company to raise prices and drive stronger revenue growth through its ad-tier plan. 
&#8220;Mgmt confirmed they are not seeing a slowdown or pullback in ad spend given recent macro uncertainty,&#8221; Macquarie analyst Ross Compton said. 
<a href="http://benzinga.com/quote/nflx">Netflix shares</a> reached all-time highs of $1,064.50 in February. The stock is up about 8% over the past few trading sessions and is now within striking distance of the February highs. 
Netflix shares were up 4.8% at $1,035.26 at the time of publication Tuesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/general/entertainment/25/04/44905838/netflix-playing-offense-while-stock-plays-defense-6-analysts-on-q1-results-advertising-growth-ahead">Netflix &#8216;Playing Offense&#8217; While Stock Plays Defense: 6 Analysts On Q1 Results, Advertising Growth Ahead</a></li>
</ul>
Photo: FP Creative Stock/Shutterstock.

Analyst Color

NFLX

Netflix Stock Nears All-Time High: What's Going On?

Roche Holdings AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RHHBY#OTC">RHHBY</a>) announced on Tuesday that it will invest $50 billion in the U.S. over <a href="https://www.benzinga.com/topic/pharmaceuticals">the next five years.</a>
These investments further strengthen Roche's already significant U.S. footprint, which includes 13 manufacturing and 15 R&amp;D sites across the Pharmaceutical and Diagnostics Divisions.
The investment is expected to <a href="https://www.roche.com/media/releases/med-cor-2025-04-22" target="_blank" rel="noreferrer noopener">create</a> over 12,000 new jobs, including nearly 6,500 construction jobs and 1,000 jobs at new and expanded facilities.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/04/44724763/pharma-industry-faces-jitters-as-trump-hints-at-historic-tariffs-bofa-outlines-probable-timeline" rel="noreferrer noopener">Pharma Industry Faces Jitters As Trump Hints At Historic Tariffs, BofA Outlines Probable Timeline</a>
As part of this investment, Roche will increase its footprint of more than 25,000 employees in 24 sites across eight U.S. states. The investment will include: 
<ul>
<li>Expanded and upgraded US manufacturing and distribution capabilities for its innovative medicines and diagnostics portfolio in Kentucky, Indiana, New Jersey, Oregon, and California.</li>
<li>Gene therapy manufacturing facility in Pennsylvania.</li>
<li>A new 900,000-square-foot manufacturing center to support Roche's expanding portfolio of <a href="https://www.benzinga.com/general/biotech/25/04/44791986/whats-going-on-with-viking-therapeutics-structure-therapeutics-stock-on-monday" target="_blank" rel="noreferrer noopener">next-generation weight loss medicines</a>. The company says the location will be announced.</li>
<li>A new manufacturing facility for continuous glucose monitoring in Indiana.</li>
<li>A new R&amp;D center in Massachusetts for conducting artificial intelligence research and as a hub for new cardiovascular, renal, and metabolism R&amp;D efforts.</li>
<li>Significant expansion and upgrading of existing pharmaceuticals and diagnostics R&amp;D centers in Arizona, Indiana, and California.</li>
</ul>
Once all new and expanded manufacturing capacity comes online, Roche will export more medicines from the U.S. than it imports. The company says its diagnostics division already has an export surplus from the U.S. to other countries.
Earlier this month, Novartis AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>) unveiled a sweeping $23 billion investment plan to expand its manufacturing and research infrastructure in the U.S. <a href="https://www.benzinga.com/general/biotech/25/04/44761201/novartis-commits-23-billion-to-expand-us-manufacturing-over-five-years-despite-tariffs-uncertainties" target="_blank" rel="noreferrer noopener">over the next five years</a>.
The move is part of a broader strategy to ensure that all key Novartis medicines for U.S. patients are produced domestically.
Earlier this year, Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) announced its plans to invest more than <a href="https://www.benzinga.com/markets/equities/25/03/44433978/johnson-johnson-to-invest-55-billion-in-us-to-boost-manufacturing-drug-discovery" target="_blank" rel="noreferrer noopener">$55 billion in the U.S. over the next four years</a>, while Eli Lilly And Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) plans to double its U.S. drug manufacturing spending from $23 billion to <a href="https://www.benzinga.com/general/biotech/25/02/43982604/eli-lilly-doubles-capital-spending-on-us-drug-manufacturing-with-50-billion-target" target="_blank" rel="noreferrer noopener">$50 billion within five years</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/asset-sales/25/04/44929060/boeing-finalizes-10-55-billion-deal-to-divest-jeppesen-and-foreflight-assets" target="_blank" rel="noreferrer noopener">Boeing Finalizes $10.55 Billion Deal To Divest Jeppesen And ForeFlight Assets</a></li>
</ul>
Photo: Gorodenkoff/Shutterstock

Biotech

Health Care

RHHBY

Roche Plans $50 Billion US Investment Over 5 Years With 12,000 New Jobs

On Tuesday, Sapiens International Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPNS#NASDAQ">SPNS</a>) disclosed its plan to acquire Candela for an aggregate <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/n44915217/sapiens-acquires-candela-to-expand-its-footprint-in-apac-and-enhance-its-life-product-portfolio" rel="noreferrer noopener">cash consideration of&nbsp;$22 million</a>.
Candela offers an end-to-end insurance automation platform along with digital services and solutions in the APAC region.
The acquisition is intended to strengthen Sapiens' life insurance offerings and broaden its footprint across Asia-Pacific.
The deal is anticipated to close in the second quarter of 2025, pending regulatory approvals and closing conditions.
Candela's offerings complement Sapiens' Insurance Platform and Life Policy Administration Systems.
By integrating Candela's strengths in Business Process Modelling (BPM) and Case Management, Sapiens plans to enhance its life insurance solutions.
The acquisition will also allow for the integration of standardized workflows across third-party legacy systems, delivering a more streamlined and consistent experience for agents, customers, and administrators.
Roni Al-Dor, CEO and President at Sapiens, said, "We will continue to support Candela's customers and products, increasing value across the entire insurance lifecycle and supporting insurers' digital transformations with a comprehensive product proposition and a diverse range of service capabilities."
Amitabh Poddar, Business Head at Candela, added, "Integrating our intelligent automation solutions into Sapiens' leading insurance software platform will enhance our capabilities and provide even greater value to our customers."
Notably, Candela reported non-GAAP revenues of $8 million for the full year 2024. The transaction is expected to be accretive to Sapiens' profitability <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">beginning in the fourth quarter of 2025</a>.
The deal is expected in the second quarter of 2025 and Candela will operate as a wholly owned subsidiary of Sapiens.
The company disclosed the first quarter of<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener"> 2025 results on May 8, 2025</a>.
As of December 31, cash and cash <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43775499/sapiens-reports-fourth-quarter-2024-financial-results" rel="noreferrer noopener">equivalent stood at $163.7 million</a>.
Investors can gain exposure to the stock via ARK Israel Innovative Technology ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IZRL#BATS">IZRL</a>).
Price Action: SPNS shares are up 3.30% at $26.28 at the last check on Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/04/44911125/dan-loebs-bet-on-taiwan-semiconductor-looks-strong-as-q1-results-top-expectations" target="_blank" rel="noreferrer noopener">Dan Loeb's Bet On Taiwan Semiconductor Looks Strong As Q1 Results Top Expectations</a></li>
</ul>
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Sapiens Taps APAC Growth With $22 Million Candela Acquisition

Shares of retail and consumer discretionary stocks are trading higher following US Treasury Secretary Scott Bessent's reported remarks about trade de-escalation with China. De-escalation with China could reduce supply chain uncertainty and boost consumer sentiment.

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GSR III Acquisition Corp. - Right

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最新ニュース GSR III Acquisition Corp. - Right (NASDAQ:GSRTR) 株価情報

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