Joby Aviation (NYSE:JOBY) 株価情報

Joby Aviation

Joby Aviation Inc is a transportation company developing an all-electric, vertical take-off and landing (eVTOL) air taxi for commercial passenger service. Its Joby eVTOL aircraft is designed to transport a pilot and up to four passengers or an expected payload of up to 1,000 pounds at speeds of up to 200 mph. The aircraft is optimized for urban routes, with a target range of up to 100 miles on a single charge. The company is also developing an app-based platform to build and operate an aerial ridesharing service powered by a network of eVTOL aircraft that it will manufacture and operate. It has one operating and reportable segment, namely flight services. Currently, the company generates all of its revenue from flight services provided to the Department of Defense in the United States.

Joby Aviation Inc

The activist investor who previously proposed a $6.9 billion buyout offer for&nbsp;Macy&#8217;s Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) is reportedly considering a new takeover bid. This comes nearly a year after Macy&#8217;s rejected the initial offer.
What Happened: Arkhouse, in collaboration with Brigade Capital Management, made the initial bid on July 15, 2024. Despite the offer being&nbsp;more than double Macy&#8217;s current&nbsp;share price, the retail giant declined the proposal.
Arkhouse&#8217;s managing partner, Gavriel Kahane, has expressed ongoing disappointment over the rejection. While he did not reveal the size of Arkhouse&#8217;s current stake in Macy&#8217;s, he did not rule out the possibility of a new takeover bid.
&#8220;Macy&#8217;s is still publicly traded,&nbsp;still mispriced, and still in&nbsp;desperate need of someone coming&nbsp;in to save shareholders,&#8221; Kahane&nbsp;<a href="https://finance.yahoo.com/news/macys-former-activist-investor-doesnt-rule-out-a-new-takeover-campaign-195904239.html?ncid=twitter_yfsocialtw_l1gbd0noiom&amp;guce_referrer=aHR0cHM6Ly90LmNvLw&amp;guce_referrer_sig=AQAAAKWl4jO1Sf9nIWTtzssZtwtgKxqJu_23q4rKCRMzgG1_T47nNXbmtEV24XXNxcytas2unRrXTjyVpLcU_OtKLHyNSF2T4qXBZGIYQevoIDzwoD9S9Tp82f852YNPYfOfYZmtOuby_7JHyGvF2IG_TyOPQ6hyPuCzHf3SBSHwGtbB&amp;guccounter=2">told </a>Yahoo Finance.
At the time of the initial bid, Macy&#8217;s CFO Adrian Mitchell found the offer &#8220;not compelling&#8221; in light of Macy&#8217;s potential. The company chose&nbsp;to focus on its turnaround&nbsp;strategy under CEO Tony Spring instead.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/04/38238422/proxy-fight-concludes-yet-macys-future-remains-in-the-balance-report">Proxy Fight Concludes, Yet Macy&#8217;s Future Remains In The Balance: Report</a>
Macy&#8217;s is scheduled&nbsp;to report its first quarter&nbsp;earnings next Wednesday. Wall Street predicts a 3.65% decline in same-store sales and adjusted earnings per share of $0.14, along with revenue of $4.44 billion.
Why It Matters: The potential new takeover bid by Arkhouse comes at a crucial time for Macy&#8217;s. The company is in the midst of a&nbsp;turnaround strategy under CEO Tony&nbsp;Spring, focusing on improving its financial performance. 
The rejection of the previous bid indicates Macy&#8217;s confidence in its potential and strategic plan. However, the ongoing interest from Arkhouse suggests that external parties still see value in the company and believe they can unlock it. 
The outcome of this situation could have significant implications for Macy&#8217;s future direction and shareholder value.
Image: Shutterstock/NYC Russ

News

Activist Investor Arkhouse Reconsiders Macy's Takeover Bid — Here's What Lies Ahead

These mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol class="wp-block-list">
<li>D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) shares jumped 53.47% after the company announced it launched its Advantage2 quantum system to address problems in optimization, <a href="https://www.benzinga.com//node/45518005" target="_blank" rel="noreferrer noopener">AI, and materials simulation</a>.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) stock gained 42.49% last week.</li>
<li>Advance Auto Parts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) stock increased 38.94%  after the company <a href="https://www.benzinga.com//node/45567507" target="_blank" rel="noreferrer noopener">reported first-quarter results</a>. Several analysts raised the <a href="https://www.benzinga.com/quote/aap/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Merus N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRUS#NASDAQ">MRUS</a>) stock rose 32.68% after the company disclosed interim clinical data as of a February 27, 2025, data cutoff from the ongoing phase 2 trial of the bispecific antibody petosemtamab in <a href="https://www.benzinga.com//node/45576972" target="_blank" rel="noreferrer noopener">combination with pembrolizumab</a>.</li>
<li>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) shares upped 29.56%, probably due to reports indicating that Trump will sign executive orders to ease regulatory <a href="https://www.benzinga.com//node/45590362" target="_blank" rel="noreferrer noopener">requirements for new reactors</a>.</li>
<li>Sibanye-Stillwater Limited ADS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBSW#NYSE">SBSW</a>) shares were up 29.26%.</li>
<li>BGM Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGM#NASDAQ">BGM</a>) stock gained 27.20% last week.</li>
</ol>
Photo via Shutterstock

Equities

Mid Cap

Movers

MRUS

OKLO

QBTS

SBSW

D-Wave Quantum And Advance Auto Parts Are Among Top 7 Mid-Cap Gainers Last Week (May 19-May 23): Are The Others In Your Portfolio?

Even billionaires have regrets—and for Warren Buffett, it wasn't a missed investment or market move. It was personal.
In his authorized biography, "The Snowball: Warren Buffett and the Business of Life," Buffett didn't shy away from reflecting on the <a href="https://www.cnbc.com/2008/09/26/warren-buffett-admits-regret-over-wifes-departure-in-new-biography-ny-daily-news.html">one decision he wishes he could undo</a>: letting his wife, Susan, leave their Omaha home.
"It was preventable. It shouldn't have happened. It was my biggest mistake," Buffett told biographer Alice Schroeder, who spent five years documenting his life with full access to his files, family, and inner circle. "Essentially, whatever I did in connection with Susie leaving would be the biggest mistake I ever made."
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</ul>
Published in 2008, "The Snowball" offered readers a rare look at Buffett beyond the shareholder letters and stock picks. While many expected an investing playbook, what they got was something closer to a confession booth.
"It was definitely 95% my fault—no question about that," Buffett said. "It may even have been 99% percent. I just wasn't attuned enough to her, and she'd always been perfectly attuned to me."
The Buffetts married in 1952 and had three children. But by 1977, <a href="https://www.dailymail.co.uk/news/article-2086406/Warren-Buffett-breaks-tears-mention-wife.html">after 25 years together</a>, Susan left Omaha for San Francisco. She wanted to pursue her own life—particularly a singing career—and perhaps needed more than a man consumed by balance sheets and annual reports.
"She felt less needed than I should have made her feel," Buffett admitted. "Your spouse starts coming second. She kept me together for a lot of years… She didn't want to be Mrs. Big… She loved me, and she still loves me, and we have an incredible relationship. But still… it shouldn't have happened. And it's totally my fault."
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a>
Despite the separation, the two never divorced. They remained close—so close, in fact, that Susan introduced Warren to Astrid Menks, the woman who would eventually <a href="https://www.benzinga.com/personal-finance/24/10/41380899/warren-buffetts-second-marriage-was-a-frugal-affair-with-a-discounted-ring-dinner-at-bonefish-gr">become his second wife</a>.
That introduction wasn't random. Susan and Astrid had become friends at The French Café in Omaha, where Susan occasionally performed and Astrid worked as a hostess. Knowing Warren's domestic blind spots, Susan asked Astrid to look after him. She moved in soon after. The setup was unconventional, but it worked—for all three of them.
The <a href="https://www.benzinga.com/24/12/42364120/warren-buffett-was-married-to-one-woman-lived-with-another-and-sent-christmas-cards-signed-by-all-3-daughter-says-not-a-bad-thing">trio even sent out joint holiday cards</a> signed, "Warren, Susan and Astrid."
After Susan's death in 2004, Warren and Astrid married in 2006. But even then, the legacy of Susan's presence in his life loomed large.
"She loved him and takes care of him. If Warren didn't have a cent, she'd be with him," his daughter <a href="https://www.nytimes.com/2006/09/01/business/01buffett.html">Susie Buffett told The New York Times in 2006</a>, speaking about Astrid's commitment. She also described the connection between her mother and Astrid: "Astrid and my mother were very close—really loved each other."
See Also: The team behind $6B+ in licensing deals is now building the next billion-dollar IP empire — <a href="https://www.benzinga.com/money/elf-labs-ym?v=123">invest early at $2.25/share.</a>
And of her parents' arrangement, she added, "Unconventional is not a bad thing. More people should have unconventional marriages."
Susan had once told her daughter that she didn't want to simply be known as the wife of a billionaire. "She basically wanted a room of her own," Susie said. "They were very connected in a very deep way. They didn't need to be in the same room."
In the end, Warren Buffett didn't lose Susan. He just lost the version of their relationship that looked traditional on paper. What they built instead was far more complicated—and in many ways, more enduring.
And yes, she introduced him to the woman who would become his partner after her death. It's not your standard love triangle, but nothing about Buffett's life—not even the romance—has ever followed the market.
Read Next:
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<li>Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>. </li>
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.30/share with a $1000 minimum.</a></li>
</ul>
Image: Shutterstock

Personal Finance

Warren Buffett Calls Letting First Wife Move Out His 'Biggest Mistake' — Admits It Was '99%' His Fault, Yet She Introduced Him to His Current Wife

<a href="https://www.benzinga.com/content/43388818/3-stocks-to-gain-from-trumps-family-caregiver-tax-credits">Caregiving is a growing reality</a> for many Americans, with financial, emotional, and professional impacts that are often long-lasting. As more adults take on the responsibility of caring for loved ones, new data reveals the scale of their challenges.
Edward Jones, in partnership with Morning Consult and Age Wave, <a href="https://www.edwardjones.com/us-en/why-edward-jones/news-media/press-releases/caregiver-support#_ftn1">surveyed</a> 3,100 U.S. adults. Here&#8217;s what they found: 
<ul class="wp-block-list">
<li>40% currently identify as family caregivers.</li>
<li>Nearly half of Americans (46%) are expected to become caregivers in the future.</li>
<li>56% of caregivers cite rising costs and inflation as top financial concerns.</li>
<li>95% have at least some level of concern about saving enough for retirement. </li>
<li>Over half (51%) say they've had to cut back on personal spending due to caregiving responsibilities.</li>
</ul>
See Also: <a href="https://www.benzinga.com/markets/25/04/45061911/kevin-oleary-urges-americans-to-rethink-retirement-goals-says-social-security-alone-wont-cut-it-throw-out-your-plan-for-freedom-at-55-or-even-65">Kevin O&#8217;Leary Urges Americans To Rethink Retirement Goals</a>
The emotional impact of caregiving is also notable. According to the report, 89% of caregivers view their role as emotionally significant, with 83% reporting stress and 77% experiencing burnout. Two-thirds say it's difficult to prioritize their own health while managing care for others.
Career impacts are also widespread. One in four caregivers (25%) have <a href="https://www.benzinga.com/money/retirement-planning-guide">left the workforce</a>, while 24% have reduced their hours. Some have taken on debt (22%) or drawn from retirement savings (16%) to cover caregiving costs. Despite these pressures, many caregivers report positive outcomes: 80% say caregiving has strengthened their relationships, and over 80% report feelings of fulfillment and appreciation.
The report notes that 57% of caregivers have not sought <a href="https://www.benzinga.com/money/financial-advisor-vs-financial-planner">professional financial advice</a>, but among those who have, 93% say it increased their confidence about the future. Most Americans—across political lines—support public policies to assist caregivers, including expanded retirement savings options and workplace benefits such as financial support or flexible schedules.
With caregiving needs expected to rise, the report highlights increasing demand for support systems, financial planning resources, and policy changes to better address the needs of caregivers across the country.
Now Read:
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<li><a href="https://www.benzinga.com/personal-finance/25/05/45585378/do-you-have-an-upper-class-nest-egg-heres-what-the-top-20-have-saved-for-retirement-hint-its-less-than-youd-think">Do You Have An &#8216;Upper Class&#8217; Nest Egg? Here&#8217;s What The Top 20% Have Saved For Retirement — Hint, It&#8217;s Less Than You&#8217;d Think</a></li>
</ul>
Image: Shutterstock

Financial Advisors

How Caregiving Is Reshaping Retirement And Spending Habits

Elon Musk, head of X and CEO of Tesla Inc, has announced his renewed commitment to work on xAI and Tesla technologies amidst recent operational difficulties.
What Happened: In response to a post on X about Saturday&#8217;s outages possibly linked to a data center fire in Oregon, Musk expressed his dedication to improving operations. 
He mentioned spending all his time at work and even sleeping in conference, server, or factory rooms. His post emphasized the need for major operational improvements, particularly in light of the recent uptime issues with XAI.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Back to spending 24/7 at work and sleeping in conference/server/factory rooms. I must be super focused on &#120143;/xAI and Tesla (plus Starship launch next week), as we have critical technologies rolling out. As evidenced by the &#120143; uptime issues this week, major operational…
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1926289580623380780?ref_src=twsrc%5Etfw">May 24, 2025</a></blockquote>
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Also Read: <a href="https://www.benzinga.com/general/social-media/25/01/42805588/elon-musk-announces-changes-to-x-over-negativity-concerns-too-much-negativity-is-being-pushed">Elon Musk Announces Changes to X Over Negativity Concerns: &#8216;Too Much Negativity Is Being Pushed&#8217;</a>
According to Musk, the failover redundancy, a critical aspect of operational stability, did not function as expected. This issue, he suggested, was a key factor in the recent outages.
Why It Matters: Musk&#8217;s post underscores the importance of the upcoming technologies from Tesla and XAI. His commitment to personally oversee these improvements indicates the critical nature of these projects. 
The recent outages and operational issues have highlighted the need for robust and reliable systems, particularly as these technologies continue to roll out.
Furthermore, Musk&#8217;s mention of the upcoming Starship launch next week suggests a busy schedule for the tech mogul. His decision to intensify his focus on these projects at this time underscores the significance of these initiatives for the future of Tesla and XAI.
Read Next
<a href="https://www.benzinga.com/news/24/02/37301290/elon-musk-is-still-attempting-to-defend-hateful-speech-amid-xs-growing-pains-and-public-backlash-rep" target="_blank" rel="noreferrer noopener">Elon Musk Is Still Attempting To Defend Hateful Speech Amid X's Growing Pains And Public Backlash</a>
Image: Shutterstock/JRdes

Tech

Elon Musk Commits To Intense Focus on X/xAI and Tesla: 'Back To Spending 24/7 at Work, Sleeping in Conference/Server/Factory Rooms'

These large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol class="wp-block-list">
<li>Fair Isaac Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>) shares declined 23.05% due to comments from Bill Pulte, director of the Federal Housing Finance Agency. He expressed concerns over the company's decision to raise its wholesale <a href="https://www.benzinga.com//node/45567740" target="_blank" rel="noreferrer noopener">royalty fees for credit scores.</a></li>
<li>Deckers Outdoor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) stock tumbled 21.00% after the company reported fourth-quarter earnings and <a href="https://www.benzinga.com//node/45591758" target="_blank" rel="noreferrer noopener">analysts downgraded the stock</a>.</li>
<li>Booz Allen Hamilton Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) shares plummeted 16.32% after it reported <a href="https://www.benzinga.com//node/45587393" target="_blank" rel="noreferrer noopener">fiscal fourth-quarter results</a>.</li>
<li>Copart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) shares decreased 15.93% after reporting a <a href="https://www.benzinga.com//node/45574729" target="_blank" rel="noreferrer noopener">third-quarter revenue miss</a>.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) stock declined 15.19% as the U.S. Food and Drug Administration's (FDA) ban on compounded drugs <a href="https://www.benzinga.com//node/45567780" target="_blank" rel="noreferrer noopener">with semaglutide takes effect</a>.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock fell 13.13%. the company announced that it is now taking orders for enterprise AI systems with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) RTX PRO 6000 <a href="https://www.benzinga.com//node/45490921" target="_blank" rel="noreferrer noopener">Blackwell Server Edition GPUs</a>.</li>
<li>Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) shares dipped 12.83% after it reported its fiscal first-quarter results and <a href="https://www.benzinga.com//node/45591957" target="_blank" rel="noreferrer noopener">analysts revised the price forecast</a>.</li>
<li>Burlington Stores, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) shares were down 12.73%. The stock fell on pin action with Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>), which issued second-quarter <a href="https://www.benzinga.com//node/45576055" target="_blank" rel="noreferrer noopener">EPS guidance below estimates</a>.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) stock fell 11.34% last week after Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) announced plans to monetize part of its stake in the autonomous vehicle company through a $1 billion <a href="https://www.benzinga.com/news/offerings/25/05/45393539/aurora-innovation-stock-drops-after-the-bell-whats-going-on" target="_blank" rel="noreferrer noopener">conver</a><a href="https://www.benzinga.com//node/45414625" target="_blank" rel="noreferrer noopener">t</a><a href="https://www.benzinga.com/news/offerings/25/05/45393539/aurora-innovation-stock-drops-after-the-bell-whats-going-on" target="_blank" rel="noreferrer noopener">ible note offering</a>.</li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) stock fell 11.25% last week after the House <a href="https://www.benzinga.com//node/45568107" target="_blank" rel="noreferrer noopener">passed a tax bill</a> to end clean energy credits.</li>
</ol>
Photo via Shutterstock

Large Cap

BURL

CPRT

DECK

FICO

FSLR

Hims & Hers Health, Inc. Class A Common Stock

HIMS

NVDA

ROST

SMCI

UBER

WDAY

Super Micro Computer, Hims & Hers And Aurora Innovation Are Among Top 10 Large-Cap Losers Last Week (May 19-May 23): Are The Others In Your Portfolio?

Anthropic chief executive Dario Amodei thinks that the first billion-dollar company staffed by exactly one human will appear as early as 2026.
What Happened: At the Anthropic's Code with Claude developer summit, Amodei was specifically asked when the first billion-dollar company with one human employee would happen, to which he confidently responded, &#8220;2026.&#8221; The answer intrigued a crowd of founders, betting that large-language-model agents can replace whole departments.
Amodei's one-person-unicorn claim landed moments after he unveiled Claude Opus 4 and Claude Sonnet 4, the firm's most powerful models yet. Anthropic, a startup backed by both 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 Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), says Opus 4 can sustain multi-hour coding sprints, reason across sprawling research briefs and even beat vintage Pokémon games.
See also: <a href="https://www.benzinga.com/general/entertainment/25/05/45581252/marvel-delays-robert-downey-jr-starrer-avengers-doomsday-and-secret-wars-to-december-2026-but-disney-has-a-summer-blockbuster-in-store">Marvel Delays Robert Downey Jr. Starrer &#8216;Avengers: Doomsday&#8217; And &#8216;Secret Wars&#8217; To December 2026, But Disney Has A Summer Blockbuster In Store</a>
Amodei also shrugged off concerns that hallucinations will derail lean startups, telling reporters the latest Claude family "probably hallucinate less than humans, but they hallucinate in more surprising ways," responding to a <a href="https://techcrunch.com/2025/05/22/anthropic-ceo-claims-ai-models-hallucinate-less-than-humans/">query</a> by TechCrunch. Still, according to a <a href="https://www.wired.com/story/anthropic-new-model-launch-claude-4/">report</a> by WIRED, Anthropic classed Opus 4 as an ASL-3 safety-level model and said it cut reward hacking behavior by 65 percent versus earlier releases, acknowledging the risks of handing so much autonomy to software.
Why It Matters: If Amodei is right, revenue-per-employee ratios could dwarf anything seen in the dot-com or mobile eras, upending how investors value headcount. The Anthropic CEO has already warned his own staff that AI will "change how they work" long before it replaces them, claims Bloomberg, mirroring the disruption he predicts for the wider labor market.
Amodei's forecast aligns with moves by rivals: OpenAI's <a href="https://www.benzinga.com/25/01/43186741/openai-debuts-operator-ai-agent-that-performs-web-tasks-but-early-error-has-sam-altman-scrambling-for-a-quick-fix">Operator agent</a> promises "hands-free" workflows, while Google just put its <a href="https://www.benzinga.com/tech/25/03/44487389/sundar-pichai-shows-off-googles-most-intelligent-ai-ever-with-a-dinosaur-video-game-that-even-you-could-make-with-a-simple-prompt">Gemini 2.5 Pro</a> model inside Chrome for end-to-end task automation. Venture backers see these rollouts as confirmation that an economy of &#8216;agents&#8217; is around the corner.
Photo Courtesy: Gorodenkoff on Shutterstock.com
Read next: <a href="https://www.benzinga.com/tech/25/05/45581375/microsoft-executive-says-companies-might-be-naming-ai-chiefs-but-they-risk-losing-momentum-in-the-artificial-intelligence-age-if-they-rely-on-individuals">Microsoft Executive Says Companies Might Be Naming &#8216;AI Chiefs&#8217; But They Risk Losing Momentum In The Artificial Intelligence Age If They Rely On Individuals</a>

AMZN

GOOG

GOOGL

Jeff Bezos-Backed Anthropic's CEO Says The First Billion Dollar Company Staffed By One Person Will Appear Next Year — Hallucinations Unlikely To Delay Lean Startups

<h2 class="wp-block-heading">Zinger Points:</h2>
<ul class="wp-block-list">
<li>Harvard's federal funding cuts now total $2.65 billion, with $450 million slashed last week</li>
<li>Eight Ivy League schools face collective cuts surpassing $11 billion</li>
<li>Thirteen universities sue National Science Foundation over research funding caps, citing risks to U.S. innovation</li>
</ul>
The Trump administration has intensified its campaign against elite academic institutions, slashing an additional $450 million in federal grants to Harvard University last week. This follows April's <a href="https://in.benzinga.com/25/04/44804541/trump-administration-halts-2-2-billion-in-harvard-grants-after-university-says-dont-dictate-what-we-can-teach-or-who-we-admit">halt of $2.2 billion</a> in funding after university leaders resisted administration demands over academic policies, bringing total cuts to $2.65 billion.
Harvard President Alan Garber <a href="https://www.harvard.edu/president/news/2025/our-research-enterprise/">said in a statement </a>that the federal government has frozen over $2 billion in awarded grants and begun terminating active research contracts, halting lifesaving projects and threatening years of work. The university has pledged $250 million in central funding to sustain mission-critical projects during a transitional period. While avoiding specifics, Harvard stated that financial constraints will require its schools to adjust research programs and identify necessary savings as it navigates the ongoing disruption in federal funding.&nbsp;
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<h2 class="wp-block-heading">The Ivy League Bloodbath</h2>
Harvard is not alone in facing these financial challenges. Eight other elite universities, including Columbia, Cornell, and the University of Pennsylvania, have collectively faced over $11 billion in federal funding reductions since January, <a href="https://www.npr.org/2025/04/25/nx-s1-5375033/trump-federal-grants-cuts-universities-could-mean">NPR</a> reported.&nbsp;
Massachusetts Institute of Technology President Sally Kornbluth has expressed concern that federal funding cuts could undermine U.S. technological leadership, emphasizing the need for sustained investment to maintain competitiveness. In a <a href="https://president.mit.edu/writing-speeches/response-proposed-cuts-nih">statement</a>, she highlighted potential disruptions to critical research in areas such as semiconductor materials and emerging pathogens, underscoring the importance of continued support for these vital fields.
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<h2 class="wp-block-heading">Legal Action and Market Impact</h2>
In response, Harvard amended its lawsuit against the administration last week, accusing officials of unconstitutional coercion over academic governance, the <a href="https://www.nytimes.com/2025/05/13/us/harvard-trump-lawsuit.html">New York Times</a> reported. Meanwhile, MIT and 12 other top universities—including Princeton, California Institute of Technology, and the University of Michigan—have filed a separate lawsuit challenging the National Science Foundation's decision to cap indirect research cost reimbursements at 15%, a move that could cost MIT alone an estimated $35 million annually. The universities contend that the new caps will severely undermine scientific research and threaten the nation&#8217;s innovation edge, Reuters reported.
These funding reductions signal a dramatic departure from the government-university partnership that powered U.S. innovation for decades. "This fractures the innovation pipeline that shaped entire industries," New York University finance professor Sabrina Howell told NPR, citing breakthroughs like GPS originating from federally funded research.
See Also: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
<h2 class="wp-block-heading">What's Next?</h2>
Oral arguments in Harvard's lawsuit are scheduled for July, while MIT's case against the NSF could set a precedent for more than 200 U.S. research institutions. <a href="https://president.columbia.edu/news/preserving-columbias-critical-research-capabilities">Columbia has announced</a> 180 layoffs, <a href="https://paw.princeton.edu/article/princeton-braces-budget-cuts-possible-layoffs">Princeton</a> is preparing for up to 10% budget cuts, and <a href="https://president.msu.edu/communications/2025/03182025_Federal-impact-update">Michigan State</a> has warned of significant research losses tied to National Institutes of Health funding.&nbsp;
As tensions mount, the outcome of these legal battles may determine how much influence future administrations wield over academic funding — and whether elite institutions can remain insulated from shifting political priorities.
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Image: Shutterstock

Trump Escalates War On Ivy League: Harvard Loses $450M More in Federal Grants

Jon Stewart recently expressed apprehension regarding President Donald Trump&#8216;s actions amidst ongoing lawsuits and tributes from media companies and billionaires.
What Happened: Stewart, on The Bill Simmons Podcast this week, depicted Trump as a &#8220;king&#8221; accepting &#8220;tributes&#8221; from media companies and billionaires. He expressed fear that Trump might opt to &#8220;burn our f&#8212;ing country down for the insurance money.&#8221;
Stewart&#8217;s remarks followed Trump&#8217;s lawsuit against the media house CBS, accusing the network of election interference due to the alleged deceptive editing of an interview with then-Vice President Kamala Harris. CBS has refuted any dishonest editing and is currently in mediation with Trump&#8217;s team.
This lawsuit has triggered significant changes within CBS, including the exit of &#8220;60 Minutes&#8221; producer Bill Owens. This development comes as CBS&#8217;s parent company, Paramount Global, is in the process of seeking approval for a merger with Skydance.
Also Read: <a href="https://www.benzinga.com/news/25/05/45601025/trumps-mar-a-lago-neighbor-lists-home-for-12-5-million-32-times-original-price">Trump&#8217;s Mar-a-Lago Neighbor Lists Home for $12.5 Million — 32 Times Original Price</a>
During the <a href="https://podcasts.apple.com/us/podcast/the-bill-simmons-podcast/id1043699613">podcast</a>, Stewart also highlighted&nbsp;the potential $50 million settlement&nbsp;from the CBS lawsuit, drawing parallels with other large amounts Trump has received, such as the&nbsp;$40 million deal between Amazon&nbsp;and First Lady Melania Trump&nbsp;for a documentary,&nbsp;and the $15 million ABC&nbsp;News paid to Trump in&nbsp;a defamation suit.
Stewart criticized&nbsp;media companies settling with the&nbsp;president, calling it an &#8220;awful precedent,&#8221; and expressed worry about what Trump&#8217;s subsequent actions might be.
Why It Matters: Stewart&#8217;s concerns reflect the growing unease among some sections of the public regarding the influence of media companies and billionaires on political figures. The potential implications of Trump&#8217;s lawsuits and the subsequent settlements could set a precedent for future interactions between media companies and political figures. 
Furthermore, the ongoing legal battles and their outcomes could have significant impacts on the media landscape and the political climate in the United States.
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Image: Shutterstock/Darwin Brandis

Politics

Jon Stewart: Trump Is a 'King' Accepting 'Tributes' From Billionaires

These large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol class="wp-block-list">
<li>IonQ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) stock jumped 30.58% after CEO Niccolo de Masi made bold statements <a href="https://www.benzinga.com//node/45576711" target="_blank" rel="noreferrer noopener">comparing the company&#8217;s trajectory</a> to that of Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).</li>
<li>United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) shares increased by 28.90%. Nippon Steel Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>) has pledged to invest $14 billion <a href="https://www.benzinga.com//node/45510183" target="_blank" rel="noreferrer noopener">in the company&#8217;s</a><a href="https://www.benzinga.com//node/45510183" target="_blank" rel="noreferrer noopener"> </a><a href="https://www.benzinga.com//node/45510183" target="_blank" rel="noreferrer noopener">operations</a>.</li>
<li>CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) shares escalated 27.95%, driven by recent developments <a href="https://www.benzinga.com//node/45570628" target="_blank" rel="noreferrer noopener">and analysts price revisions</a>.</li>
<li>Amer Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) shares rose 18.95% after the company reported first-quarter FY25 results, and analysts <a href="https://www.benzinga.com//node/45545012" target="_blank" rel="noreferrer noopener">boosted their forecast on the stock</a>.</li>
<li>Venture Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VG#NYSE">VG</a>) stock grew 16.34%.</li>
<li>GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares rose 16.10%, potentially driven by renewed retail enthusiasm and rising crypto market momentum, as Bitcoin (CRYPTO: BTC/USD) <a href="https://www.benzinga.com//node/45569674" target="_blank" rel="noreferrer noopener">hit a record high above $111,000</a>.</li>
<li>Korea Electric Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEP#NYSE">KEP</a>) stock upped 14.54%.</li>
<li>Cameco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) shares grew 14.47% on reports indicating Trump will sign executive orders to ease regulatory <a href="https://www.benzinga.com//node/45590362" target="_blank" rel="noreferrer noopener">requirements for new reactors</a>.</li>
<li>Ryanair Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) shares increased 12.06%.</li>
<li>Gold Fields Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) stock upped 11.87% as gold and silver prices gained following President Trump&#8217;s EU tariff threat.</li>
<li>Agnico Eagle Mines Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) stock rose 10.49% as gold and silver prices gained following President Trump&#8217;s EU tariff threat.</li>
</ol>
Image Via Shutterstock

CRWV

IONQ

NPSCY

RYAAY

GameStop, IonQ, And CoreWeave Are Among Top 11 Large-Cap Gainers Last Week (May 19-May 23): Are The Others In Your Portfolio?

The past week in tech has been a whirlwind of AI-related news. From Marc Andreessen&#8217;s optimistic outlook on AI&#8217;s economic potential to Mark Cuban&#8217;s skepticism about corporate adoption, the conversation around artificial intelligence is heating up. In the meantime, Oracle is making big investments in Nvidia&#8217;s AI chips, Alphabet is leveraging AI for Google Search dominance, Microsoft and Nvidia are deepening their supercomputing alliance, and Elon Musk&#8217;s Grok AI is raising eyebrows in government agencies. Here&#8217;s a recap of the top stories.
Andreessen&#8217;s AI Optimism Meets Cuban&#8217;s Corporate Realism&nbsp;&#8211; Venture capitalist&nbsp;Marc Andreessen&nbsp;has previously touted AI as a potential economic catalyst, a viewpoint that billionaire entrepreneur&nbsp;Mark Cuban&nbsp;has challenged, citing corporate resistance to freely allowing AI to flourish.&nbsp;<a href="https://www.benzinga.com/tech/25/05/45560085/marc-andreessen-once-predicted-that-ai-could-save-the-economy-but-mark-cuban-thinks-corporations-will-fight-to-keep-profits-high">Read the full article here.</a>
Oracle&#8217;s $40 Billion AI Investment &#8211; Tech giant Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) is reportedly planning to spend a whopping $40 billion on 400,000 of Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) GB200 AI &#8220;superchips&#8221; for a new data center in Texas, part of a massive AI infrastructure project. <a href="https://www.benzinga.com/markets/equities/25/05/45599854/oracle-to-spend-40-billion-on-nvidia-gb200-chips-for-openais-texas-data-center-report">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/25/05/45582499/gary-black-slams-teslas-unsupervised-autonomous-driving-ahead-of-austin-robotaxi-launch-i-have-warned" target="_blank" rel="noreferrer noopener">Gary Black Slams Tesla&#8217;s Unsupervised Autonomous Driving Ahead Of Austin Robotaxi Launch: &#8216;I Have Warned&#8230;&#8217;</a>
Alphabet&#8217;s AI-Driven Google Search Dominance &#8211; Analysts are optimistic about the potential impact of new products and features from Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) following the company&#8217;s I/O developer conference, seeing AI disruption as a tailwind for the tech giant. <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45548615/alphabet-well-positioned-for-google-search-dominance-analyst-says-can-navigate-the-shift-to-ai-search">Read the full article here.</a>
Microsoft and Nvidia&#8217;s Supercomputing Alliance &#8211; Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Nvidia Corp. are expanding their supercomputing partnership, with CEOs Satya Nadella and Jensen Huang touting a &#8220;40x speed-up&#8221; in Azure-powered AI infrastructure. <a href="https://www.benzinga.com/markets/equities/25/05/45510847/jensen-huang-satya-nadella-tout-40x-speed-up-in-azure-powered-ai-as-microsoft-nvidia-deepen-supercomputing-alliance">Read the full article here.</a>
Musk&#8217;s Grok AI Raises Privacy Concerns&nbsp;&#8211;&nbsp;Elon Musk&#8217;s&nbsp;AI chatbot, Grok, is reportedly being deployed across U.S. government agencies, raising concerns about potential privacy law breaches and conflicts of interest.&nbsp;<a href="https://www.benzinga.com/25/05/45599514/elon-musks-grok-ai-is-quietly-being-deployed-across-us-government-agencies-experts-warn-it-could-breach-privacy-laws-and-create-serious-conflicts-of-interest-report">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: jamesonwu1972 / Shutterstock.com

Media

MSFT

ORCL

Musk's Grok Scrutinized, Oracle Bets Big On Nvidia, Google Doubles Down On Search: This Week In Artificial Intelligence

As <a href="https://www.benzinga.com/news/25/05/45473268/elon-musk-calls-it-painful-and-difficult-why-teslas-full-self-driving-buyers-may-need-a-surprise-hardware-swap">self-driving cars</a> inch closer to the mainstream, one of the biggest unanswered questions isn't just how they'll navigate traffic—but how they'll reshape risk. If there's no driver behind the wheel, is it still "driver error"? And if the software crashes, will the insurer or the carmaker pick up the tab?
Earlier this month at the Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>, BRK.B)) annual shareholders meeting, that question was posed to Warren Buffett and Ajit Jain, the company's vice chairman of insurance.
"Wouldn't what we call <a href="https://www.benzinga.com/personal-finance/25/01/43030050/warren-buffett-says-insurance-is-the-most-important-business-and-the-engine-driving-berkshires-success-since-1967">auto insurance today </a>just become product liability for autonomous vehicles and autonomous software companies?" the attendee asked.
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Ajit answered first, laying it out clearly:
"There's no question that insurance for automobiles is going to change dramatically once self-driving cars become a reality," he said.&nbsp;
"Most of the insurance that is sold and bought revolves around operator errors… To the extent these new self-driving cars are more safe and are involved in fewer accidents, that insurance will be less required. Instead, it'll be substituted by, as you mentioned, product liability."
He confirmed that Geico and other insurers are already trying to prepare for the shift—from covering human mistakes to covering technology failures.
"We move from providing insurance for operator errors and be more ready to provide protection for product errors and errors and omissions in the construction of these automobiles," he said.
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Buffett followed up with a bigger-picture take on how Berkshire thinks about change—across all its businesses.
"We expect change in all our businesses," Buffett said. "If the game didn't change at all, it really wouldn't be very interesting."
He compared the need for change to sports: if every swing in baseball resulted in a home run, or every golf shot became a hole-in-one, the game wouldn't be worth playing. Challenges keep it engaging—and thinking through those challenges is part of what keeps companies and people sharp.
"Your brain would turn to mush if you didn't have a few problems now and then," he added.
Buffett acknowledged that while auto insurance will change, it's striking how little it has changed so far. He noted how transportation itself evolved drastically over the last two centuries, and no one really knows how it will look in the next hundred years.
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But while driving deaths have dropped dramatically—from six per 100 million miles driven to just over one—insurance costs have skyrocketed. He recalled walking into Geico's office in 1950 when the average policy cost was "around 40 bucks a year." Now? It's not unusual to see policies climb into the $2,000+ range—and higher in urban areas.
Jain chimed back in with one more important point: autonomous driving might reduce accidents overall, but it <a href="https://www.benzinga.com/personal-finance/25/01/43083417/charlie-munger-said-he-and-warren-buffett-skip-insurance-and-all-rich-should-too-i-can-so-easily-rebuild-a-house-that-would-burn-down">doesn't mean insurance will get cheaper</a>.
"The number of accidents will drop dramatically because of automatic driving," he said. "But on the other hand, the cost per repair every time there's an accident will go up very significantly because of the amount of technology that's going into the car."
So while Geico and others may sell fewer policies for human error, the cost of insuring the tech itself could be just as complex—if not more.
Buffett closed the conversation with a philosophical note about change and uncertainty:
"You deal with the world as it develops. You never reach an answer in this business—you reach a point of action that you take."
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<li>Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>. </li>
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Image: Midjourney

Warren Buffett Was Asked If Self-Driving Cars Will Shift Insurance To 'Product Liability' — 'There's No Question… It's Going to Change Dramatically'

President&nbsp;Donald Trump&nbsp;just fired a policy warning shot toward Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), reiterating that he expects the company to manufacture iPhones sold in the U.S. domestically, not in India or anywhere else. If not, he warns, a 25% tariff <a target="_blank" href="https://www.benzinga.com/government/regulations/25/05/45586328/itariff-threat-trump-turns-up-the-heat-but-apples-chart-still-holds-the-line" rel="noreferrer noopener">could be slapped on the tech giant</a>.
The U.S. Department of Transportation (DOT) is expected to declare that Corporate Average Fuel Economy or CAFE regulations implemented under the previous Biden administration exceeded <a target="_blank" href="https://www.benzinga.com/25/05/45514932/us-transportation-secretary-says-the-biden-administration-exceeded-legal-authority-to-include-evs-in-cafe-regulations-report" rel="noreferrer noopener">the government&#8217;s legal authority</a>.
Technology
Apple poached&nbsp;Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)-owned&nbsp;Google&#8217;s&nbsp;AI chief&nbsp;John Giannandrea. However, the tech giant is still struggling to catch up <a target="_blank" href="https://www.benzinga.com/media/25/05/45486193/why-is-apple-still-behind-on-ai-expert-dissects-reasons-behind-iphone-maker-lagging-likes-of-microsoft-and-amazon-despite-poaching-googles-ai-chief" rel="noreferrer noopener">in the artificial intelligence race</a>.
Apple&nbsp;reportedly plans to launch AI-powered smart glasses in late 2026 to compete with&nbsp;<a target="_blank" href="https://www.benzinga.com/media/25/05/45580078/apple-could-reportedly-launch-ai-smart-glasses-next-year-and-here-is-what-all-they-are-expected-to-do" rel="noreferrer noopener">Meta Platforms, Inc.&#8217;s</a><a target="_blank" href="https://www.benzinga.com/media/25/05/45580078/apple-could-reportedly-launch-ai-smart-glasses-next-year-and-here-is-what-all-they-are-expected-to-do" rel="noreferrer noopener">&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Ray-Bans</a>.
Meta&#8217;s&nbsp;Instagram is reportedly testing a new referral program that pays creators for driving traffic and sign-ups, <a target="_blank" href="https://www.benzinga.com/media/25/05/45510687/instagram-is-offering-creators-up-to-20000-to-bring-new-users-to-the-mark-zuckerberg-led-platform-heres-the-nitty-gritty" rel="noreferrer noopener">with&nbsp;payouts as high&nbsp;as $20,000</a>.
Meta CEO&nbsp;Mark Zuckerberg&nbsp;had once criticized the proprietary AirPods protocol of&nbsp;Apple, advocating for it to be <a target="_blank" href="https://www.benzinga.com/markets/25/05/45564798/mark-zuckerberg-once-vented-why-apple-airpods-have-no-competition-one-of-the-protocols-that-they-used" rel="noreferrer noopener">made accessible to competitors</a>.
Alphabet&#8216;s&nbsp;autonomous driving service&nbsp;Waymo&#8216;s CEO,&nbsp;Tekedra Mawakana,&nbsp;has shared her thoughts on the LiDAR vs Camera-based <a target="_blank" href="https://www.benzinga.com/tech/25/05/45585674/waymo-ceo-takes-aim-at-teslas-camera-only-approach-you-have-to-be-able-to-have-this-vision-thats-better-than-humans" rel="noreferrer noopener">system debate for autonomous driving</a>.
Alphabet&#8216;s Robotaxi&nbsp;Waymo&nbsp;has announced it reached the 10 million paid Robotaxi rides milestone, doubling its lifetime <a target="_blank" href="https://www.benzinga.com/25/05/45539621/tesla-robotaxi-rival-waymo-reaches-10-million-paid-rides-milestone-as-robotaxis-step-into-the-spotlight" rel="noreferrer noopener">total in a period of 5 months</a>.
A federal judge ruled that&nbsp;Google and AI startup&nbsp;Character.AI must face a wrongful death lawsuit filed by a Florida mother who claims the chatbot encouraged her <a target="_blank" href="https://www.benzinga.com/tech/25/05/45558772/google-and-character-ai-sued-after-teen-dies-following-interaction-with-game-of-thrones-themed-chatbot-judge-says-free-speech-defense-not-acceptable" rel="noreferrer noopener">teenage son to take his own life</a>.
Google's latest AI model is wowing the internet with near-realistic video generation—but for now, it&#8217;s locked <a target="_blank" href="https://www.benzinga.com/25/05/45560919/everyones-losing-their-minds-over-googles-veo-3-ai-videos-and-everyones-also-annoyed-they-cant-actually-use-it-yet-here-are-some-wild-examples-of-the-magic-this-model-can-create" rel="noreferrer noopener">behind an expensive subscription</a>.
Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO&nbsp;Jensen Huang&#8217;s&nbsp;return to his native Taiwan for Computex 2025 has sparked a wave of &#8220;Jensanity,&#8221; with fans treating the <a target="_blank" href="https://www.benzinga.com/media/25/05/45487329/nvidias-jensen-huang-gets-rockstar-welcome-in-taiwan-pop-up-merch-screaming-fans-and-jet-parking-drama" rel="noreferrer noopener">AI pioneer like a celebrity</a>.
David Sacks, a tech investor and White House AI advisor, said that he believes the science fiction world created by&nbsp;Isaac Asimov is about to become reality, after&nbsp;Nvidia CEO stated that humanoid robots could fill <a target="_blank" href="https://www.benzinga.com/tech/25/05/45511786/trump-ai-czar-says-sci-fi-future-imagined-by-issac-asimov-is-here-after-nvidia-ceo-jensen-huang-observes-world-needs-millions-of-new-workers" rel="noreferrer noopener">the significant global labor shortage</a>.
Automobiles &amp; Airlines
Future Fund LLC&#8216;s managing director,&nbsp;Gary Black,&nbsp;says that analysts may be expecting too much from&nbsp;Tesla Inc.‘s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a target="_blank" href="https://www.benzinga.com/25/05/45488706/gary-black-thinks-expectations-for-teslas-robotaxi-launch-are-too-high-currently-teslas-autonomy-cant" rel="noreferrer noopener">June Robotaxi launch in Austin</a>.
Rivian Automotive Inc.&#8216;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) software chief&nbsp;Wassym Bensaid&nbsp;praised the&nbsp;Tesla rival&#8217;s partnership with German Automaker&nbsp;Volkswagen AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) as the company <a target="_blank" href="https://www.benzinga.com/markets/25/05/45490934/rivians-software-chief-hails-volkswagen-partnership-says-german-automaker-gained-startup-dna-ahead-of-budget-ev-launch" rel="noreferrer noopener">prepares to launch its budget EV</a>.
Ford Motor Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) will reportedly let&nbsp;Nissan Motor Co. Ltd.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANF#OTC">NSANF</a>) use part of its flagship <a target="_blank" href="https://www.benzinga.com/25/05/45562915/ford-will-let-nissan-use-part-of-kentucky-battery-factory-could-this-be-a-scaling-back-on-ev-ambitions" rel="noreferrer noopener">Kentucky battery manufacturing plant</a>.
Tesla CEO&nbsp;Elon Musk&nbsp;returned to his&nbsp;Microsoft Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) roots, joining CEO&nbsp;Satya Nadella&nbsp;at "Build 2025" to&nbsp;announce the integration&nbsp;of&nbsp;xAI&#8217;s Grok&nbsp;into Azure — a full-circle moment for the tech billionaire <a target="_blank" href="https://www.benzinga.com/tech/25/05/45510245/elon-musk-was-once-a-microsoft-intern-now-his-company-is-bringing-grok-to-azure-incredibly-important-for-ai-to-be-grounded-in-reality-xai-ceo-tells-satya-nadella" rel="noreferrer noopener">who once interned at the software giant</a>.
Elon Musk&nbsp;has shared a major Neuralink update at the Qatar Economic Forum with the Neurotechnology company&#8217;s Brain-Chip Interface Blindsight <a target="_blank" href="https://www.benzinga.com/25/05/45538889/elon-musk-shares-major-neuralink-update-at-qatar-economic-forum" rel="noreferrer noopener">set for its maiden trial next year</a>.
Chinese EV giant&nbsp;BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) has launched its best-selling all-electric hatchback <a target="_blank" href="https://www.benzinga.com/markets/25/05/45560953/byds-europe-pivot-in-full-swing-with-new-26000-affordable-ev-amid-tesla-sales-slump" rel="noreferrer noopener">Seagull&#8217;s updated version in Europe</a>.
Southwest Airlines Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) has announced that all passengers will be required to keep portable chargers in plain sight <a target="_blank" href="https://www.benzinga.com/25/05/45541427/southwest-airlines-announces-passengers-must-keep-portable-chargers-in-plain-sight-amid-fears-of-lithium-battery-fires" rel="noreferrer noopener">when in use for safety reasons</a>.
Entertainment
Walt Disney Co.&nbsp;filed a lawsuit against&nbsp;YouTube, a subsidiary of&nbsp;Alphabet Inc.&#8217;s&nbsp;Google&nbsp;to stop the appointment of former&nbsp;ESPN&nbsp;executive&nbsp;Justin Connolly&nbsp;as its new global head of media and sports, alleging breach of contract, unfair competition and interference <a target="_blank" href="https://www.benzinga.com/news/legal/25/05/45579755/disney-sues-youtube-to-block-hiring-of-former-espn-executive-justin-connolly-amid-sports-streaming-turf-war" rel="noreferrer noopener">with a contractual relationship</a>.
Walt Disney Co.&#8217;s&nbsp;Marvel Studios&nbsp;has delayed the theatrical release of &#8220;Avengers: Doomsday&#8221; from May 1, 2026, to Dec. 18, 2026, while &#8220;Avengers: Secret Wars&#8221; will now debut on Dec. 17, 2027, <a target="_blank" href="https://www.benzinga.com/general/entertainment/25/05/45581252/marvel-delays-robert-downey-jr-starrer-avengers-doomsday-and-secret-wars-to-december-2026-but-disney-has-a-summer-blockbuster-in-store" rel="noreferrer noopener">instead of May 7, 2027</a>.
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Consumer Tech News (May 19-May 23): Trump Warns Apple Of 25% Tariff if Manufactured Overseas, Disney Sues YouTube & More

The past week was a whirlwind of events in the business world. From new safety policies at Southwest Airlines to the seizure of Boeing aircraft tires by Polish authorities, and even a visit to Tesla&#8217;s Gigafactory by the U.S. Transportation Secretary.
Let&#8217;s dive into the details.
Southwest Airlines&#8217; New Safety Policy
In a bid to prevent lithium battery fires mid-flight, Southwest Airlines has mandated that passengers keep their portable chargers in plain sight while in use. This policy change will take effect from May 28, 2025.
<a href="https://www.benzinga.com/25/05/45541427/southwest-airlines-announces-passengers-must-keep-portable-chargers-in-plain-sight-amid-fears-of-lithium-battery-">Read the full article here.</a>
Polish Seizure of Boeing Tires
Poland&#8217;s National Revenue Administration confiscated over 5 metric tons of tires for Boeing civilian aircraft. The seizure was due to suspicions of the tires being transported through Russia, which is currently under Western sanctions.
<a href="https://www.benzinga.com/news/25/05/45492795/polish-authorities-seize-boeing-aircraft-tires-citing-european-union-sanctions-on-russia-report">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/25/05/45559524/gary-black-calls-tesla-rival-baidus-apollo-go-autonomous-ride-leader-following-eleven-million-paid-robotaxi-rides-milestone" target="_blank" rel="noreferrer noopener">Gary Black Calls Tesla Rival Baidu&#8217;s Apollo Go &#8216;Autonomous Ride Hailing Leader&#8217; Following Eleven Million Paid Robotaxi Rides Milestone</a>
Transportation Secretary&#8217;s Visit to Tesla Gigafactory
U.S. Transportation Secretary Sean Duffy paid a visit to Tesla&#8217;s Gigafactory in Austin, Texas, where he was accompanied by CEO Elon Musk. Duffy expressed his excitement about the future of autonomous vehicles and Tesla&#8217;s role in this technology.
<a href="https://www.benzinga.com/25/05/45536915/transportation-secretary-sean-duffy-visits-elon-musks-tesla-gigafactory-in-austin-hints-at-possible-federal-auton">Read the full article here.</a>
Rivian&#8217;s Partnership with Volkswagen
Wassym Bensaid, the software chief at&nbsp;Rivian Automotive, lauded the company&#8217;s partnership with German Automaker Volkswagen AG. Bensaid believes that the partnership has infused Volkswagen with &#8220;start-up DNA&#8221;.
<a href="https://www.benzinga.com/markets/25/05/45490934/rivians-software-chief-hails-volkswagen-partnership-says-german-automaker-gained-startup-dna-ahead-of-budget-ev-launch">Read the full article here.</a>
Tesla&#8217;s Brand Damage
Cathie Wood, founder of ARK Investment Management LLC, acknowledged that Tesla has suffered brand damage due to CEO Elon Musk&#8217;s close ties with the Donald Trump administration and his activities with DOGE. However, she believes this damage is not long-term.
<a href="https://www.benzinga.com/tech/25/05/45511920/cathie-wood-says-brand-damage-has-happened-for-tesla-but-believes-it-isnt-long-term-tesla-will-have-a-lock">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Photo courtesy: Ken Wolter / Shutterstock.com

Southwest's New Policy, Polish Seizure Of Boeing Tires And Tesla's Brand Damage: This Week In Mobility

<a href="https://www.benzinga.com/25/05/45437126/us-and-saudi-arabia-deepen-critical-minerals-ties-with-rare-earth-agreement">Saudi Arabia</a> is making a bold move to become a global leader in artificial intelligence. The kingdom's new AI venture, Humain, backed by Saudi Arabia&#8217;s Public Investment Fund, has secured a deal with Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to receive 18,000 of its latest GB300 Blackwell chips, according to<a href="https://www.cnbc.com/2025/05/13/nvidia-blackwell-ai-chips-saudi-arabia.html"> CNBC</a>.
This partnership aims to build a 500-megawatt AI data center, marking a significant step in Saudi Arabia's Vision 2030 plan to diversify its <a href="https://www.benzinga.com/25/04/44852660/warren-buffett-said-the-economy-is-like-a-train-occasionally-they-get-derailed-and-crashes-like-2008-will-happen-but-america-cant-be-stopped">economy</a> and invest in cutting-edge technology, <a href="https://www.youtube.com/watch?v=GL6jU35oGsA&amp;t=2s&amp;ab_channel=FortuneMagazine">Fortune</a> reports.
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<h2 class="wp-block-heading">Nvidia's Blackwell Chips Power Saudi Arabia's AI Ambitions</h2>
The chip deal was announced on May 13 during the Saudi-U.S. Investment Forum in Riyadh, where Nvidia CEO Jensen Huang praised Saudi Arabia's long-term vision. &#8220;It is an incredible vision, indeed,&#8221; Huang said, referring to the country's plan to build a national AI infrastructure, according to CNBC.
Wedbush Securities analyst Dan Ives told <a href="https://fortune.com/2025/05/14/nvidia-ai-humain-saudi-arabia-front-of-the-line-wedbush-dan-ives/">Fortune</a> that the move places Saudi Arabia at &#8220;the front of the line&#8221; for global chip access, ahead of countries like China. He described the deal as a &#8220;watershed&#8221; moment in the ongoing global AI race.
Humain's data centers, powered by these chips, are expected to host Arabic-language large language models and multimodal AI tools capable of operating across voice, image, and text input. According to<a href="https://www.reuters.com/world/middle-east/saudi-arabia-launches-company-develop-artificial-intelligence-under-pif-2025-05-12/"> Reuters</a>, the aim is to create regionally specific models that can support smart city infrastructure, autonomous logistics, and defense technology.
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a>
<h2 class="wp-block-heading">Multibillion Dollar Collaborations Accelerate Regional Edge</h2>
In addition to Nvidia, other U.S. tech companies are forming strategic partnerships with Humain. Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) <a href="https://ir.amd.com/news-events/press-releases/detail/1250/amd-and-humain-form-strategic-10b-collaboration-to-advance-global-ai">announced</a> Tuesday that it committed to a $10 billion agreement to provide 500 megawatts of AI compute infrastructure. Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) have also <a href="https://newsroom.cisco.com/c/r/newsroom/en/us/a/y2025/m05/cisco-expands-partnership-with-saudi-arabia-to-power-the-ai-future.html">revealed</a> on Tuesday that they signed separate deals to support Humain's cloud and connectivity stack.&nbsp;&nbsp;
Amazon Web Services <a href="https://www.aboutamazon.com/news/company-news/amazon-aws-humain-ai-investment-in-saudi-arabia">announced</a> on May 13 a $5 billion plan to establish a dedicated AI Zone in Saudi Arabia, which includes the deployment of Amazon Bedrock and AWS SageMaker, giving Saudi AI researchers a full stack of tools to scale model training and application development.
The partnerships come as the Trump administration rolls back Biden-era semiconductor export rules. The Commerce Department has ended the &#8220;AI diffusion&#8221; restriction, which previously required special licenses to export advanced AI chips. The policy shift is designed to favor trusted allies while keeping U.S.-made technology away from geopolitical rivals like China, Fortune says.
See Also: Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs-ym?v=123">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000.</a>
<h2 class="wp-block-heading">Saudi Arabia's Push Reshapes Global AI Dynamics</h2>
Humain's rise signals a strategic redirection in the global AI ecosystem. While U.S.-based clients like Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>, GOOGL)) and Amazon still dominate Nvidia's distribution priorities, Fortune reports that Saudi Arabia now joins a short list of preferred global chip recipients, second only to the U.S.
Meanwhile, China has been restricted to using Nvidia's downgraded H20 chips, designed to comply with U.S. export controls but lacking the full performance of Blackwell processors. &#8220;China is the big loser,&#8221; Ives told Fortune, citing both the technology gap and increased trade complications as key disadvantages.
With support from top-tier U.S. tech firms and full government alignment, Saudi Arabia appears positioned to drive the next wave of AI development. As Humain builds out its infrastructure, the world is watching a new power center emerge in the global tech arena.
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$600B AI Opportunity: Nvidia's 18,000-Chip Deal With Saudi Arabia's Humain Puts Middle East 'Front Of The Line,' Says Wedbush's Dan Ives

The past week was a whirlwind of activity in the world of finance and cryptocurrency. From high-profile endorsements to controversial statements, the news cycle was dominated by big names and even bigger claims.
Here&#8217;s a quick recap of the top stories that made headlines.
Kevin O&#8217;Leary Challenges Elizabeth Warren&#8217;s Crypto Stance
Businessman and TV personality&nbsp;Kevin O&#8217;Leary&nbsp;took to social media to voice his disagreement with Senator&nbsp;Elizabeth Warren&nbsp;over the GENIUS Act. The act aims to establish the first U.S. regulatory framework for issuers of stablecoins, a move Warren opposes. O&#8217;Leary labeled her stance as &#8220;un-American&#8221;.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45533976/mr-wonderful-kevin-o-leary-says-elizabeth-warren-taking-an-un-american-position-by-challen">Read the full article here.</a>
Trump-Themed Crypto Contest Yields Big Profits
A recent investigation revealed that a Trump-themed cryptocurrency contest led to significant financial outcomes for participants. Some traders walked away with substantial profits, while others incurred significant losses, all in the pursuit of a private dinner with President&nbsp;Donald Trump.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45489390/crypto-traders-who-secured-a-dinner-with-donald-trump-walked-away-with-major-profits-says-">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/25/05/45556607/bitcoin-clocks-110000-ethereum-dogecoin-extend-gains-experienced-trader-peter-brandt-speculates-btc-to-enter-this-range-by-august-end" target="_blank" rel="noreferrer noopener">Bitcoin Clocks $110,000, Ethereum, Dogecoin Extend Gains: Well-Known Trader Peter Brandt Says BTC Could Gain Another 37% As Soon As August</a>
Anthony Pompliano Predicts Dollar Debasement
Bitcoin advocate&nbsp;Anthony Pompliano&nbsp;expressed his belief that America will not balance its budget, leading to a weaker dollar and a subsequent rise in the prices of financial assets. He stated that the odds of a U.S. balanced budget are now &#8220;near zero&#8221;.
<a href="https://www.benzinga.com/25/05/45558647/anthony-pompliano-says-dollar-debasement-will-skyrocket-asset-prices-says-it-is-now-clear-there-is-a-near-zero-percent-chance">Read the full article here.</a>
Trump&#8217;s Cardano Endorsement Surprises Founder
Cardano&nbsp;founder&nbsp;Charles Hoskinson&nbsp;was taken aback by President Donald Trump&#8217;s decision to include ADA/USD in his personal crypto holdings. Hoskinson called the endorsement a &#8220;pleasant surprise&#8221; that signals Washington&#8217;s changing stance on digital assets.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45543096/why-donald-trump-including-cardano-in-the-crypto-reserve-suprised-even-the-founder-nice-to-see-progress">Read the full article here.</a>
Robert Kiyosaki Foresees Bitcoin Hitting $250,000
Robert Kiyosaki, author of the best-selling book &#8220;Rich Dad Poor Dad,&#8221; predicts a significant surge in Bitcoin&#8217;s value, attributing it to a potential collapse of the central bank system. He expressed his belief that gold, silver, and Bitcoin will continue to appreciate.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45485038/robert-kiyosaki-predicts-bitcoin-to-reach-250000-buy-more-do-not-sell">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Photo courtesy: Shutterstock

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

Cryptocurrency

Kevin O'Leary Takes On Elizabeth Warren, Trump's Dinner Dates And Big Predictions: This Week In Crypto

If you've ever gone through a divorce — or know someone who has — you know the paperwork can feel endless. Between lawyers, court dates, and property settlements, it's easy to sign something just to move on.&nbsp;
But according to financial expert Dave Ramsey, there's one move divorcing men should never make without a second thought — and your lawyer might not be waving the red flag.
In a <a href="https://www.facebook.com/reel/992233353064311/?mibextid=rS40aB7S9Ucbxw6v">Facebook post from his official account last week</a>, Ramsey issued a no-nonsense warning:
"Most divorce attorneys make a huge legal error. I'm calling you boys and girls out."
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He's talking about the all-too-common situation where the wife keeps the house — often because she's raising the kids — and the husband signs over <a href="https://www.benzinga.com/personal-finance/25/03/44067520/should-we-deed-the-house-to-them-or-have-them-pay-rent-couple-seeks-dave-ramseys-advice-on-parents-moving-into-a-house-they-own">ownership through a quitclaim deed</a>. But while the man gives up his rights to the property, the mortgage in his name stays exactly where it is: on his credit report.
Ramsey breaks it down like this:
"Husband and wife get divorced. There's a $260,000 mortgage. Husband doesn't get to keep the house. Wife is gonna get the house because the kids are living in the house and the divorce attorney says, ‘Well, just part of the settlement is you're going to <a href="https://www.benzinga.com/money/what-is-a-quitclaim-deed">quitclaim your half of ownership</a> to her.' So he fills out a one-page quitclaim as part of the divorce decree — boom. But guess what? Husband still has a $260,000 mortgage."
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Fast-forward five years. The <a href="https://www.benzinga.com/real-estate/24/12/42361253/11-of-all-home-sales-are-to-unmarried-couples-who-are-choosing-monetary-stability-over-marriage-and-using-real-estate-to-do-it">man wants to remarry and buy a house</a>. But guess what?
"Can't do it. Still got a $260,000 mortgage in his ex-wife's name. She owns the property but he's still got the mortgage. Dumb."
Ramsey's advice? Make it clear in the divorce agreement that if one spouse is keeping the house, they need to either refinance and remove the other person's name — or sell it outright.
"You're getting a divorce and doing a quitclaim deed — force a refinance or force the sale of the house. One of the two."
He adds that this mistake happens constantly because divorce attorneys are just doing what's easy. "It's easy, but it's wrong," Ramsey says.
See Also: Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs-ym?v=123">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000.</a>
So what happens if the divorce decree says the husband must continue paying the mortgage — or the wife can't refinance on her own?
While Ramsey doesn't address that directly, here are a few common facts to consider:
<ul class="wp-block-list">
<li>A divorce decree does not remove someone from a mortgage. Only refinancing or paying it off can do that.</li>
<li>If one spouse stops making payments, <a href="https://www.bankrate.com/mortgages/what-to-know-about-divorce-and-mortgage/">the lender can go after whoever is still on the loan</a> — regardless of who lives there.</li>
<li>Courts may order one spouse to make payments, but that doesn't stop late payments from hurting both credit scores. </li>
</ul>
Bottom line? Don't assume signing over a house means you're free and clear. As Ramsey puts it, skipping the refinance is a "huge mistake" — and one that could quietly wreck your financial future long after the ink on the divorce papers dries.&nbsp;
Of course, not every divorce looks the same. What's possible depends on your specific agreement — and sometimes, your options are limited.
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<li>Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>. </li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.30/share!</a></li>
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Image: shutterstock

'She Owns The Property But He's Still Got The Mortgage' — Dave Ramsey Says This 'Huge Mistake' During A Divorce Could Haunt Men For Years

It was an eventful week for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with a slew of developments making headlines. From a major expansion in India to a strategic price hike in China, the tech giant has been making some bold moves. Here&#8217;s a quick recap of the top stories that unfolded over the weekend.
Apple Forges Ahead with $1.5 Billion India Expansion
Despite a warning from President Trump, Apple is reportedly advancing its supply chain expansion in India via its primary manufacturing partner, Foxconn, also known as Hon Hai Precision Industry Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNHAF#OTC">HNHAF</a>). Foxconn is planning to invest $1.5 billion in a new display module plant near Chennai, India, which will assemble screen components for iPhones. <a href="https://www.benzinga.com/news/global/25/05/45582261/despite-trumps-warning-to-tim-cook-apple-moves-ahead-with-1-5-billion-india-expansion-via-foxconn-to-boost-iphone-production-report">Read the full article here.</a>
Apple Raises iPhone Trade-In Prices in China
In a bid to boost sales in China, Apple has increased the trade-in prices for iPhones. This move comes amid intensifying competition from local rivals. The trade-in value for the iPhone 15 Pro Max has been raised to 5,700 Chinese yuan ($791), up from 5,625 yuan ($780.78).&nbsp;<a href="https://www.benzinga.com/markets/25/05/45585977/apple-raises-iphone-trade-in-prices-in-china-to-fend-off-huawei-xiaomi-amid-lagging-sales">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/25/05/45582499/gary-black-slams-teslas-unsupervised-autonomous-driving-ahead-of-austin-robotaxi-launch-i-have-warned" target="_blank" rel="noreferrer noopener">Gary Black Slams Tesla&#8217;s Unsupervised Autonomous Driving Ahead Of Austin Robotaxi Launch: &#8216;I Have Warned&#8230;&#8217;</a>
Apple Will Likely Absorb iPhone Tariff Rather Than Move Production to the US
Following President Trump&#8217;s demand for domestic manufacturing of iPhones or face a 25% tariff, top Apple analyst Ming-Chi Kuo stated that Apple is unlikely to relocate its assembly lines back to the U.S., even under political pressure. According to Kuo, it&#8217;s more profitable for Apple to absorb the tariff.&nbsp;<a href="https://www.benzinga.com/markets/25/05/45599817/apple-would-rather-absorb-a-25-iphone-tariff-than-move-production-to-the-us-says-analyst-no-guarantee-they-wont-face-repeated-tariff-threats-during-his-term">Read the full article here.</a>
Apple&#8217;s AI Smart Glasses Launch Expected Next Year
Apple is reportedly planning to launch AI-powered smart glasses in late 2026 to compete with Meta Platforms, Inc.&#8217;s Ray-Bans. The company has increased efforts to start mass production of prototypes by the end of this year with overseas suppliers.&nbsp;<a href="https://www.benzinga.com/media/25/05/45580078/apple-could-reportedly-launch-ai-smart-glasses-next-year-and-here-is-what-all-they-are-expected-to-do">Read the full article here.</a>
Apple Faces Threat from OpenAI&#8217;s Acquisition
Gene Munster, Managing Partner at Deepwater Asset Management, warned that OpenAI represents a serious competitive threat to Apple following the AI company's $6.5 billion acquisition of former Apple design chief Jony Ive‘s hardware startup.&nbsp;<a href="https://www.benzinga.com/markets/equities/25/05/45560144/apple-faces-first-serious-threat-in-20-years-as-openai-acquires-iphone-makers-former-design-chief-jony-ives-hardware-startup-says-gene-munster">Read the full article here.</a>
Read Next:
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<li><a href="https://benzinga.com/25/05/45536915/transportation-secretary-sean-duffy-visits-elon-musks-tesla-gigafactory-in-austin-hints-at-possible-federal-auton" target="_blank" rel="noreferrer noopener">Transportation Secretary Sean Duffy Visits Elon Musk&#8217;s Tesla Gigafactory In Austin, Hints At Possible Federal Autonomous Driving Regulations</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: jamesteohart / Shutterstock.com

HNHAF

Trump's 25% Tariffs, India Expansion, Trade-In Price Hike, And More: This Week In Appleverse

The past week has been a rollercoaster ride, with billionaires celebrating, banking moguls issuing warnings, and TV personalities pushing back. From the passing of President Donald Trump&#8217;s controversial tax package to the rising tensions over trade policy, the week was filled with significant developments.
Here&#8217;s a quick recap of the top stories.
Warren Accuses Bezos And Musk Of Celebrating Tax Package
Senator&nbsp;Elizabeth Warren&nbsp;(D-Mass.) criticized President Trump&#8217;s $3.8 trillion tax package, accusing billionaires&nbsp;Jeff Bezos&nbsp;and&nbsp;Elon Musk&nbsp;of celebrating its passing. The House approved the legislation with a narrow margin of 215-214. Warren referred to the bill as a &#8220;big tax handout for billionaires,&#8221; funded by stripping 14 million people of their health insurance.
<a href="https://www.benzinga.com/general/health-care/25/05/45582300/elizabeth-warren-says-jeff-bezos-and-elon-musk-are-popping-champagne-as-house-passes-trumps-b">Read the full article here.</a>
Dimon Predicts S&amp;P Earnings Could Fall To 0%
Jamie Dimon, CEO of&nbsp;JPMorgan Chase &amp; Co., warned that Wall Street&#8217;s expectations for S&amp;P 500 earnings growth could plummet from 12% to 0% due to the impact of tariffs. Dimon, who accurately predicted trouble before the 2008 Lehman Brothers collapse, suggested that equity valuations face downward pressure.
<a href="https://www.benzinga.com/markets/equities/25/05/45535142/jamie-dimon-who-flagged-trouble-before-2008-lehman-brothers-collapse-now-warns-sp-earnings-could-fall-to-0rougher-time-for-markets-says-dan-niles">Read the full article here.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/news/global/25/05/45579810/as-trump-xi-jinping-silence-drags-on-china-and-us-reopen-diplomatic-lines-amid-looming-trade-truce-deadline-and-tech-tensions" target="_blank" rel="noreferrer noopener">As Trump-Xi Jinping Silence Drags On, China And US Reopen Diplomatic Lines Amid Looming Trade Truce Deadline And Tech Tensions</a>
Trump&#8217;s $3.8 Trillion Bill Passes House
President Trump&#8217;s $3.8 trillion tax-and-spending package narrowly passed the House of Representatives, causing 30-year Treasury yields to spike to 5.15% — the highest level since October 2023. While the package promises immediate economic stimulus, market analysts warn of significant long-term fiscal consequences.
<a href="https://www.benzinga.com/news/25/05/45581297/trumps-big-beautiful-3-8-trillion-bill-squeaks-through-house-expert-says-it-will-boost-the-economy-in-the-sh">Read the full article here.</a>
O&#8217;Leary Rejects Trump&#8217;s Tariff Absorption Proposal
&#8220;Shark Tank&#8221; investor&nbsp;Kevin O&#8217;Leary&nbsp;dismissed President Trump&#8217;s suggestion that retailers should absorb the costs of tariffs. O&#8217;Leary argued that retailers like&nbsp;Walmart would not bear the financial burden of tariffs, highlighting growing tensions over trade policy.
<a href="https://www.benzinga.com/government/regulations/25/05/45512248/kevin-oleary-pushes-back-on-trumps-call-for-retailers-to-eat-the-tariffs-thats-not-going-t">Read the full article here.</a>
Federal Reserve Should Ignore Rising Yields, Says Shapiro
Following the jump in the 30-year Treasury yield over 5% after Moody's downgrade of the U.S. debt, economist&nbsp;Craig Shapiro&nbsp;suggested that the Federal Reserve should do &#8220;nothing at all&#8221; and let the bond vigilantes do the work.
<a href="https://www.benzinga.com/25/05/45510990/federal-reserve-should-do-nothing-at-all-about-the-rising-yields-says-craig-shapiro-let-the-bond-vigilantes-eat">Read the full article here.</a>
Photo courtesy: Shutterstock
Read Next:
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<li><a href="https://benzinga.com/25/05/45583737/paul-krugman-warns-of-emerging-market-style-crisis-in-us-housing-crash-dollar-plunge-and-stagflation-ahead" target="_blank" rel="noreferrer noopener">Paul Krugman Warns Of &#8216;Emerging-Market-Type&#8217; Crisis In US: Housing Crash, Dollar Plunge, And Stagflation Ahead?</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Economics

Bezos And Musk Celebrate, Dimon Warns And O'Leary Pushes Back: This Week In Economy

The week was abuzz with political and business news, with events that could potentially reshape the landscape of American education, economy, and technology. From the Trump administration&#8217;s controversial decision to revoke Harvard&#8217;s ability to enroll international students to the passage of a massive tax bill, the news cycle was anything but quiet. Here&#8217;s a recap of the major stories.
Harvard&#8217;s International Student Enrollment Revoked
The Trump administration announced on Thursday that it has terminated&nbsp;Harvard University&#8217;s&nbsp;ability to accept international students, impacting current students who must now transfer or risk losing their legal status. Homeland Security Secretary&nbsp;Kristi Noem&nbsp;accused the university of fostering violence, antisemitism, and coordinating with the Chinese Communist Party. Harvard, which had nearly 6,800 international students in the 2024-2025 academic year, called the move illegal and retaliatory.&nbsp;<a href="https://www.benzinga.com/25/05/45578777/trump-administration-revokes-harvards-ability-to-enroll-international-students-kristi-noem-alleges-coordination-with-chinese-communist-party">Read the full article here.</a>
Warren Criticizes Trump&#8217;s Tax Bill
Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.) criticized President Donald Trump‘s $3.8 trillion tax package after the House narrowly approved the legislation. She accused billionaires&nbsp;Jeff Bezos&nbsp;and&nbsp;Elon Musk&nbsp;of celebrating while millions face healthcare cuts.&nbsp;<a href="https://www.benzinga.com/general/health-care/25/05/45582300/elizabeth-warren-says-jeff-bezos-and-elon-musk-are-popping-champagne-as-house-passes-trumps-big-beautiful-bill-she-calls-a-handout-to-billionaires">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/politics/25/05/45537630/trump-claimed-qatar-gifted-him-a-400-million-jet-but-insiders-say-the-us-initiated-the-deal" target="_blank" rel="noreferrer noopener">Trump Said Qatar Gifted Him A $400 Million Jet, But Insiders Say The US Initiated The Deal &#8211; Benzinga</a>
Trump&#8217;s Tax Bill Passes House
The U.S. House of Representatives narrowly passed President Donald Trump‘s $3.8 trillion tax-and-spending package on Thursday. The legislation, which Trump called his "big, beautiful" tax bill, now heads to the Senate for approval before the July 4 recess.&nbsp;<a href="https://www.benzinga.com/news/25/05/45581297/trumps-big-beautiful-3-8-trillion-bill-squeaks-through-house-expert-says-it-will-boost-the-economy-in-the-short-term-but-worsen-deficits">Read the full article here.</a>
White House National Security Council Faces Staff Reductions
The White House National Security Council (NSC) has seen a substantial reduction in its workforce as part of President Donald Trump's strategy to trim down the council's size. The staff cuts affected personnel handling critical geopolitical issues, including Ukraine and Kashmir.&nbsp;<a href="https://www.benzinga.com/25/05/45599865/white-house-national-security-council-faces-staff-reductions-as-part-of-major-restructuring-report">Read the full article here.</a>
Musk&#8217;s AI Deployed in US Government Agencies
Elon Musk&#8217;s&nbsp;artificial intelligence chatbot, Grok, is reportedly being quietly used within U.S. government agencies under the direction of his Department of Government Efficiency (DOGE) team. The AI tool, developed by Musk&#8217;s company xAI, is being used to analyze federal data, prepare reports, and assist agency operations.&nbsp;<a href="https://www.benzinga.com/25/05/45599514/elon-musks-grok-ai-is-quietly-being-deployed-across-us-government-agencies-experts-warn-it-could-breach-privacy-laws-and-create-serious-conflicts-of-interest-report">Read the full article here.</a>
Read Next:
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<li><a href="https://benzinga.com/general/health-care/25/05/45582300/elizabeth-warren-says-jeff-bezos-and-elon-musk-are-popping-champagne-as-house-passes-trumps-b" target="_blank" rel="noreferrer noopener">Elizabeth Warren Says Jeff Bezos And Elon Musk &#8216;Are Popping Champagne&#8217; As House Passes Trump&#8217;s &#8216;Big, Beautiful Bill&#8217; She Calls A Handout To Billionaires</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: Joey Sussman / Shutterstock.com

Trump's Tax Bill, Harvard's International Student Ban, And Musk's AI In Government: This Week In Politics

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