Smith & Wesson Brands 株価情報 (NASDAQ: SWBI)

最新ニュース Smith & Wesson Brands (NASDAQ:SWBI) 株価情報

Smith & Wesson Brands

Smith & Wesson Brands Inc is a U.S.-based leader in firearm manufacturing. It operates under one reportable segment: Firearms, which includes firearms distribution and manufacturing services. The company manufactures handguns, long guns, sporting rifles, shooting gear, and suppressor products. The firm's brand portfolio consists of Smith and Wesson, M&P, Thompson/Center Arms, Performance Center, and Gemtech; which are used for defense, law enforcement, hunting, and sporting purposes. The company operates internationally, with the majority of income generated by the U.S. market from its handgun products.

Smith & Wesson Brands, Inc. - Common Stock

Smith & Wesson Brands Inc

News

FURY

Reported Earlier, Fury Gold To Acquire QPM After 88.7% Shareholder Approval, Final Court Order Pending

NB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBBK#NASDAQ">NBBK</a>) reported quarterly earnings of $0.35 per share which met the analyst consensus estimate. This is a 59.09 percent increase over earnings of $0.22 per share from the same period last year. The company reported $47.39 million in sales this quarter. This is a 12.47 percent increase over sales of $42.13 million the same period last year.

Earnings

NBBK

NB Bancorp Q1 Adj. EPS $0.35, Inline, Sales $47.39M Up From $42.13M YoY

The Social Security Administration (SSA) has announced the reinstatement of &#8220;National Social Security Month&#8221;, signaling a new approach to public outreach under the current Donald Trump administration.
The campaign, halted during the pandemic and shelved during the <a href="https://www.benzinga.com/25/04/44829975/joe-biden-calls-social-security-a-sacred-promise-slams-trump-administrations-efforts-to-damage-the-program-theyre-shooting-first-and-aiming-later">Biden years</a>, is a celebration of the "proud tradition of service to the American people" and is returning to help "all Americans access their benefits in office, over the phone, and online."
What Happened: On April 22, the SSA <a href="https://www.ssa.gov/news/press/releases/2025/#2025-04-22">declared</a> it will renew its observation of National Social Security Month every April. This year's campaign will go on till August 14, in commemoration of Social Security's 90th anniversary. The campaign was last held in 2019.
See Also: <a href="https://www.benzinga.com/personal-finance/25/04/44917637/calendar-glitch-brings-two-ssi-checks-in-may-but-theres-a-catch">Calendar Glitch Brings Two SSI Checks In May — But There&#8217;s A Catch</a>
Why It Matters: According to SSA leadership, the reinstatement indicates a significant alteration of agency priorities. "President Trump has promised to protect Americans' hard-earned Social Security benefits so that all eligible individuals can access them," said Acting Commissioner Lee Dudek.
He said that the Biden administration promoted a "radical and wasteful DEI and gender ideology" and that this was to blame for long delays and subpar service.
The SSA says in the same press release that it has removed bureaucratic obstacles and recalled remote workers to offices full-time. "The combined savings from all of these measures is estimated to be over $1 billion", it said.
In March, the SSA announced <a href="https://www.benzinga.com/25/03/44153127/will-social-securitys-restructuring-impact-your-monthly-benefits-heres-what-to-know">major staffing cuts</a> which, according to experts like former Social Security Commissioner Martin O&#8217;Malley, could lead to <a href="https://www.benzinga.com/government/25/04/44941777/social-security-payments-could-face-interruptions-in-may-warns-former-commissioner-martin-omalley-never-hoped-i-was-wrong-so-much-in-my-life">"interruption of benefits".</a>
Earlier this month, millions of Americans were plunged into panic as they received <a href="https://www.benzinga.com/government/regulations/25/04/44678599/millions-of-americans-panic-after-receiving-erroneous-social-security-suspension-notices-due-to-system-glitch-report">erroneous messages </a>about the suspension of benefits due to system glitches.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/25/04/44918028/dave-ramsey-tells-retirees-dont-count-on-it-or-dont-count-on-all-of-it-why-he-doubts-social-security">Dave Ramsey Tells Retirees &#8216;Don&#8217;t Count On it, Or Don&#8217;t Count On All Of It&#8217; — Why He Doubts Social Security&#8217;s Future</a></li>
</ul>
Photo courtesy: Shutterstock

Politics

Asset Sales

Personal Finance

National Social Security Month Returns Under Trump As SSA Cites $1 Billion In Savings, Vows To 'Serve The People'

PHAR

Pharming Group Announces That The National Institute For Health And Care Excellence (Nice) Has Issued Positive Final Guidance Recommending Joenja (Leniolisib) Within The National Health Service In England And Wales For The Treatment Of Activated Phosphoinositide 3-kinase Delta Syndrome (APDS)

Macro Economic Events

Econ #s

Economics

Germany Services Purchasing Managers Index Preliminary For April 48.8 Vs. 50.3 Est.; 50.9 Prior

Germany Manufacturing Purchasing Managers Index Preliminary For April 48.0 Vs. 47.5 Est.; 48.3 Prior

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) says the company plans to launch more affordable models this year amid rising pressure from global competitors.
What Happened: At the earnings call on Tuesday, the company shared that it was working out any ‘last-minute issues' with the product and that the production is reeling from the effects of the current ‘trade' and ‘global' issues.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">NEWS: Tesla says the more affordable models are launching this year, but they are working out last minute issues and that the ramp will be a little slower than they had hoped initially due to current trade/global issues.
&mdash; Sawyer Merritt (@SawyerMerritt) <a href="https://twitter.com/SawyerMerritt/status/1914805559968326134?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
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The company also shared that the planned affordable models will resemble the cars currently in Tesla's line-up. Tesla's current line-up includes the Model S, Model Y, Model 3, Model X, and the Cybertruck.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">NEWS: Tesla says the more affordable models that will be built in the coming months will resemble the form and shape of the cars that Tesla currently makes. &quot;The key is that they will be affordable and that you&#39;ll be able to buy one.&quot; Sounds like a stripped down Model Y.
&mdash; Sawyer Merritt (@SawyerMerritt) <a href="https://twitter.com/SawyerMerritt/status/1914816250275897604?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
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Why It Matters: While news of a more affordable Tesla model has been in the headlines for a while, it's worth noting that the company has recently <a href="https://www.benzinga.com/25/04/44888254/elon-musks-tesla-delays-launch-of-affordable-model-y-by-several-months-report">delayed the launch </a>of an affordable Model Y.
Elsewhere, Elon Musk also outlined an update on Tesla's <a href="https://www.benzinga.com/25/04/44941025/tesla-optimus-robot-hit-by-chinas-rare-earth-magnet-crackdown-elon-musk-says-thousands-may-be-ready-by-year-end-but-no-guarantees-when-you-have-a-complex-manufactured-product">Optimus line of humanoid robots</a>, which has been hit with disruptions following China's halt on the export of rare earth metals.&nbsp;&nbsp;
Tesla's earnings call looked back on what was a lackluster quarter for the company, with dwindling sales figures and increased criticism from investors for Musk's involvement with politics. However, the billionaire shared with investors that he will be rolling back on <a href="https://www.benzinga.com/25/04/44940401/elon-musk-says-hell-only-spend-day-or-two-per-week-on-government-matters-to-ensure-fraud-does-not-come-roaring-back-ceos-focus-to-shift-to-tesla-beginning-may">his DOGE commitments</a>.
Price Action: TSLA is currently trading at $237.97 on NASDAQ, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro data</a>.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/25/04/44919745/cybertruck-gets-a-down-to-earth-redesign-as-tesla-shifts-to-traditional-pickup-marketing-amid-poor-sales">Cybertruck Gets A Down-To-Earth Redesign As Tesla Shifts To Traditional Pickup Marketing Amid Poor Sales</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

General

TSLA

Tesla Says More Affordable Models Launching This Year: 'They Will Be Affordable And You'll Be Able To Buy One'

France Services Purchasing Managers Index Preliminary For April 46.8 Vs. 47.7 Est.; 47.9 Prior

Elon Musk, the CEO of&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), has leveled accusations against protestors at Tesla showrooms, stating they are funded by government waste and fraud.
What Happened:&nbsp;Musk made these statements during Tesla&#8217;s first quarter earnings call, suggesting that the protestors are beneficiaries of government programs that have faced cuts. He claimed that this is the real motive behind the protests, despite the lack of evidence supporting his assertions.
&#8220;They're &#8230;obviously not going to say admit that the reason that they're protesting is because they're receiving fraudulent money or or that they're the recipients of wasteful largesse,&#8221; said Musk. &#8220;The actual reason is that the the is that those receiving the waste and fraud wish to continue receiving it,&#8221; he added. 
The protests, dubbed the &#8220;Tesla Takedown,&#8221; have called on Tesla shareholders to sell their shares and urged vehicle owners to stop using their cars. Organizers have emphasized that the movement is peaceful and does not support any form of violence or property damage.
However, there have been instances of vandalism and arson targeting Tesla properties.&nbsp;Last month, a 36-year-old man from Nevada was arrested and faced 15 felony charges for vandalizing a Tesla collision center in Las Vegas and setting fire to five vehicles. Additionally, three other individuals in Colorado, South Carolina, and Oregon were charged for carrying out similar attacks on Tesla vehicles and charging stations.
In an earlier interview with Fox News, Musk accused the Democrats of being responsible for the protests, describing their actions as &#8220;deranged.&#8221;
SEE ALSO: <a href="https://benzinga.com/markets/cryptocurrency/25/04/44919811/dogecoin-shiba-inu-struggle-as-fartcoin-surges-past-1" target="_blank" rel="noreferrer noopener">Dogecoin, Shiba Inu Struggle As Fartcoin Surges Past $1</a>
Why It Matters: This development comes on the heels of Tesla&#8217;s Q1 earnings call, where the company reported a miss on both revenue and EPS estimates.&nbsp;The EV maker <a href="https://www.benzinga.com/news/earnings/25/04/44937440/tesla-q1-misses-estimates-as-tariff-pressures-weigh-on-outlook-lower-cost-evs-still-on-track">cited tariff pressures </a>and changing political sentiment as factors clouding its guidance.
Following the earnings call, Musk announced his decision to reduce his involvement with the Department of Government Efficiency (DOGE), limiting his government work to "a day or two per week." This move was praised by Wedbush Securities analyst Dan Ives, who called it the &#8216;most important call Musk has ever had&#8217;.&nbsp;Ives <a href="https://www.benzinga.com/markets/equities/25/04/44941183/dan-ives-calls-elon-musks-tesla-recommitment-most-important-call-hes-ever-had-as-ceo-scales-back-doge-role">viewed </a>Musk&#8217;s renewed focus on leading Tesla as a positive sign.
Meanwhile, Investors, including ex-Tesla bull Ross Gerber, are <a href="https://www.benzinga.com/markets/25/04/44941889/teslas-sweet-little-lies-hide-worst-performance-ever-elon-musks-robot-takeover-talk-is-just-a-smokescreen-says-ross-gerber">growing doubtful </a>of CEO Elon Musk&#8217;s bold forecasts after Tesla&#8217;s profits dropped 71% in Q1. Gerber, who has followed the company for 11 years, called it Tesla's worst performance yet.
Tesla stock climbed 4.60% to close at $237.97 on Tuesday, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. During the after-hours trading, the stock rose 5.39%.
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/25/04/44919745/tesla-shifts-cybertruck-marketing-strategy-to-appeal-to-traditional-pick-up-truck-customers-amid-poor-sales" target="_blank" rel="noreferrer noopener">Cybertruck Gets A Down-To-Earth Redesign As Tesla Shifts To Traditional Pickup Marketing Amid Poor Sales</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

​Elon Musk Hits Out At Tesla Protesters, Says They Profited From Government 'Waste And Fraud' He Cut Using DOGE: 'They're The Recipients Of Wasteful Largesse​'

France Manufacturing Purchasing Managers Index Preliminary For April 48.2 Vs. 47.9 Est.; 48.5 Prior

Famed GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) short seller, Andrew Left from Citron Research, revealed that he was long China as he discussed his three long positions on Tuesday.
What Happened: Left disclosed that he was long First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and he was also exposed to the Chinese economy and market via his investment in the iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>), according to a report <a href="https://www.foxbusiness.com/video/6371800731112">by</a> Fox Business.
He discussed how these stocks interested him:
<h4 class="wp-block-heading">First Solar</h4>
The U.S. recently <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44925565/first-solar-stock-jumps-as-u-s-finalizes-tariffs-on-southeast-asian-solar-panels">unveiled tariffs on solar imports</a> on Monday. This comes after a petitioner group, the American Alliance for Solar Manufacturing Trade Committee, accused Southeast Asian companies of shipping panels priced below their cost of production.
&#8220;I thought of the position when the tariff news came, I thought they are going to be the direct beneficiary of it. It&#8217;s weird that there was a kind of delayed reaction that Wall Street had today. First Solar makes their solar products in the U.S., and services the U.S.,&#8221; said Left
&#8220;They have been in constant price wars with Asian manufacturers who are dropping prices. Now, it&#8217;s true that they have sold out the capacity right now, but this will get them better pricing power in the future. This was the industry that was needed, especially for data centers,&#8221; added Left.
<h4 class="wp-block-heading">Amazon</h4>
Highlighting his rationale for being <a href="https://www.benzinga.com/wiim/25/04/44930397/amazon-com-shares-are-trading-higher-goldman-sachs-maintained-a-buy-rating-on-the-stock">long Amazon</a>, Left said, &#8220;It&#8217;s funny when Amazon was $235-$240, just five months ago. I kept saying &#8216;Oh my god, I can&#8217;t believe that I don&#8217;t own Amazon, I wish it goes lower.&#8217; Then it goes lower, and you start questioning, Should I buy it?&#8221;
&#8220;It is Amazon! If the consumer gets stretched, they will still go to Amazon for cheaper prices. If you want to look at dynamic prices, they will be able to navigate their way through tariffs the best, unlike the other competitors,&#8221; he said.
Left explained that &#8220;When you have market turbulence, and I go to sleep at night knowing that I own Amazon at $172, at one of the lowest PEs, I like the stock right here.&#8221;
<h3 class="wp-block-heading">iShares China Large-Cap ETF</h3>
When asked about being long China amid the ongoing tariff battle, he said that the Chinese markets have &#8220;held in&#8221; despite the turbulence.
&#8220;It&#8217;s been oversold for a while, China. There&#8217;s a lot of catch-up in that market, and the government has finally made a commitment in China to support their own market. They never made that kind of commitment three or four years ago,&#8221; he explained.
&#8220;Multiples in China are very low, it is a large economy. And hopefully, think of the catalyst of the potential trade deal with the U.S. Think of the impact on this market that hasn&#8217;t had repressed pricing for so long,&#8221; Left said.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44894251/sp-500-approaching-bubble-territory-us-stocks-remain-historically-overvalued-despite-recent-correction-says-market-researcher">S&amp;P 500 &#8216;Approaching Bubble Territory:&#8217; US Stocks Remain Historically Overvalued Despite Recent Correction, Says Market Researcher</a>
Why It Matters: Left is long Amazon despite a negative year-to-date performance of 21.36% and lower by 3.54% over a year.
Meanwhile, First Solar was down 27.41% YTD and 24.85% over one year. On the other hand, iShares China Large-Cap ETF was higher by 11.94% YTD and 34.92% over a year.
Benzinga Edge Stock Rankings indicate that AMZN has a weaker price trend over the short, medium, and long term. Its momentum ranking was moderate at the 43.90th percentile, whereas its value rankings, growth, and quality rankings were stronger; more details are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/report/AMZN"><img loading="lazy" decoding="async" width="1024" height="152" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23021348/Amazon-Edge-1024x152.png" alt="" class="wp-image-883337" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23021348/Amazon-Edge-1024x152.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23021348/Amazon-Edge-300x45.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23021348/Amazon-Edge-768x114.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23021348/Amazon-Edge.png 1218w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Benzinga Edge Stock Rankings shows that FSLR also has a weaker price trend over the short, medium, and long term. Its momentum ranking was very weak at the 18.27th percentile, whereas its value ranking was strong at 72.40th percentile, the details for which, along with other metrics, are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/report/FSLA"><img loading="lazy" decoding="async" width="1024" height="146" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23021313/FSLR-Edge-1024x146.png" alt="" class="wp-image-883336" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23021313/FSLR-Edge-1024x146.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23021313/FSLR-Edge-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23021313/FSLR-Edge-768x109.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23021313/FSLR-Edge.png 1210w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Thursday. The SPY was up 2.60% to $527.25, while the QQQ advanced 2.63% to $444.48, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44920880/expert-flags-never-before-observed-trio-falling-stocks-and-short-yields-bucking-rising-long-yields-nothing-is-normal-about-this">Wall Street Veteran Sounds Alarm On &#8216;Never Before&#8217; Seen Market Trio: Falling Stocks, Surging Long Yields, Sinking Short Rates</a></li>
</ul>
Photo courtesy: Markus Mainka / Shutterstock.com

Equities

Global

AMZN

FSLR

GameStop Short Seller Andrew Left Goes Long On China And These 2 US Stocks Amid Market Correction

MCQEF

Reported Earlier, Nomura Plans To Fully Acquire Stock Of Three Companies That Operate Macquarie's U.S. And European Public Asset Management Business For An All-cash Price Of $1.8B

<ul>
<li>Commercial Aviation's backlog reached US$10.0 billion</li>
<li>Executive Jets set a new US$7.6 billion backlog record</li>
<li>Defense &amp; Security held steady with a US$4.2 billion backlog</li>
<li>The backlog in Services &amp; Support totaled US$4.6 billion</li>
</ul>

Embraer-Empresa Brasileira De Aeronautica

Reported Earlier, Embraer Sets New Backlog Record In Q1 At $26.4B, Executive Jets Lead With 66% YoY Growth

RXRX

Reported Earlier, Recursion Unveils Preliminary Clinical Data For REC-4881 In FAP At Digestive Disease Week 2025

Instagram co-founder Kevin Systrom has testified against Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FB#NASDAQ">FB</a>) CEO Mark Zuckerberg, alleging that the latter intentionally impeded Instagram&#8217;s growth. This testimony supports the U.S. Federal Trade Commission&#8217;s ongoing monopoly trial, which could potentially result in the break-up of Meta.
What Happened: Systrom accused&nbsp;Meta of not providing adequate resources to Instagram post its acquisition in 2012, thereby limiting its growth potential, as <a href="https://www.ft.com/content/338314e8-8127-4de3-8b92-a85223856f6f">reported</a> by the&nbsp;Financial Times. The FTC&#8217;s case alleges that Meta deliberately curtailed Instagram&#8217;s growth to prevent a &#8220;network collapse&#8221; of Facebook.
Systrom further stated that Zuckerberg&#8217;s perception of Instagram as a threat to Facebook&#8217;s growth was a key factor behind the decision to withdraw several&nbsp;tools initially provided by Meta&nbsp;to aid Instagram&#8217;s growth. He also claimed that Meta&#8217;s failure to provide the necessary staff for Instagram&#8217;s growth was &#8220;one of the reasons&#8221; he left the company in 2018.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/25/04/44942218/bill-ackman-praises-treasury-secretary-scott-bessent-as-steady-hand-ahead-of-world-bank-imf-spring-meetings">Bill Ackman Praises Treasury Secretary Scott Bessent As &#8216;Steady Hand&#8217; Ahead Of World Bank-IMF Spring Meetings</a>
Meta has refuted these allegations, stating that &#8220;out-of-context&nbsp;and years-old documents about acquisitions&nbsp;that were reviewed by the&nbsp;FTC more than a decade&nbsp;ago will not obscure the&nbsp;realities of the competition we&nbsp;face or overcome the FTC's&nbsp;weak case.&#8221;
Why It Matters: The trial is ongoing, with Meta&#8217;s lawyer cross-examining Systrom, arguing that&nbsp;the social media company had&nbsp;helped drive growth at Instagram,&nbsp;which had just 13 staff&nbsp;and no revenue when it&nbsp;was acquired.
This trial follows a series of allegations against Meta. As the trial began, former FTC Chair Lina Khan accused <a href="https://www.benzinga.com/general/social-media/25/04/44799581/no-expiration-date-on-metas-antitrust-case-says-former-ftc-chair-ahead-of-trial">Meta of using monopoly power</a> to acquire smaller rivals like Instagram and WhatsApp. 
The FTC also alleged that Meta used a <a href="https://www.benzinga.com/25/04/44821791/meta-platforms-used-buy-or-bury-strategy-to-monopolize-social-media-ftc-says">&#8220;buy or bury&#8221; strategy</a> to monopolize social networking, highlighting a 2008 email from Zuckerberg stating it was "better to buy than compete". 
The FTC&#8217;s lawsuit claims that Meta has illegally built a &#8220;social networking monopoly&#8221; through years of &#8220;anticompetitive conduct.&#8221; If the government wins the case, <a href="https://www.benzinga.com/news/25/04/44888906/meta-faces-an-antitrust-lawsuit-ftc-says-company-holds-a-social-network-monopoly">Meta could be forced to sell off Instagram and WhatsApp</a>.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/04/44941025/tesla-optimus-robot-hit-by-chinas-rare-earth-magnet-crackdown-elon-musk-says-thousands-may-be-ready-by-year-end-but-no-guarantees-when-you-have-a-complex-manufactured-product">Tesla Optimus Robot Hit By China&#8217;s Rare Earths Crackdown — Elon Musk Says Thousands May Be Ready By Year-End, But No Guarantees</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Regulations

Social Media

Legal

Mark Zuckerberg Accused Of Starving Instagram's Growth By Co-Founder Kevin Systrom In A Testimony Supporting FTC Breakup Case

As U.S. tariffs on Chinese imports continue to soar, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) third-party sellers are reportedly shifting stock to Canada, betting that the trade war will soon end in their favor.
What Happened: These vendors, who sell everything from dog toys to electronics, have begun routing shipments from China to Canada, where they can store goods in duty-free zones for a limited period, <a href="https://www.ft.com/content/6114c580-70db-4de2-b19f-d4dbebd3214f">reported</a> the Financial Times on Tuesday.&nbsp;
Suppliers for brands like Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) are also reportedly adopting the same strategy, the report said, citing half a dozen sellers, logistics providers, and consultants.
The strategy of storing goods in Canada, which leverages tariff-free warehouses, tax breaks, and rebate programs, adds an estimated $500 to $600 per shipping container in extra expenses for sellers. Still, many view it as a calculated risk, hoping the U.S. will eventually ease the high tariffs on Chinese imports.
&nbsp;"If we trust the U.S. administration &#8230; [and] that's still a big if, this is the worst it's going to get. And so we're prepared to wait this out," one senior executive at a major third-party seller on Amazon and Walmart told the publication. "This is not going to last forever."
See Also:&nbsp;<a href="https://www.benzinga.com/general/entertainment/24/07/40056062/charlie-munger-once-said-that-in-his-entire-life-he-has-never-known-a-wise-person-who-didnt" target="_blank" rel="noreferrer noopener">Charlie Munger Once Said That In His Entire Life, He Has Never Known A Wise Person Who ‘Didn't Read All The Time — None, Zero:' Here Are Some Books That The Berkshire Hathaway Vice Chair Recommended — And Not All Are About Finance Either</a>
Why It's Important: Nathan Strang, director of ocean freight at Flexport, cautioned that storing inventory in Canada comes with added costs and may ultimately backfire if sellers still need to bring those products into the U.S. while tariffs on Chinese imports remain in effect, the report noted.
&#8220;It could wind up being an added expense on top of a tariff that you're going to have to pay anyway,&#8221; Strang told the publication.
On Tuesday, President Donald Trump announced plans to <a href="https://www.benzinga.com/markets/25/04/44942449/trump-pledges-substantial-cut-in-china-tariffs-but-refuses-to-make-it-zero-if-they-dont-make-a-deal-we-will-set-the-deal">significantly lower the steep tariffs</a> on Chinese imports, though he mentioned that "It won't be zero."
Trump had imposed a 145% import tax on goods from China, prompting Beijing to retaliate with a 125% tariff on American products.
Price Action: Amazon shares climbed 3.50% on Tuesday, while Walmart saw a 2.64% gain, <a href="https://pro.benzinga.com/dashboard">according to Benzinga Pro</a>.
Walmart holds a growth score of 54.86% in the Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against</a> Amazon and other major e-commerce players.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/WMT"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23030620/Screenshot-2025-04-23-at-12.36.15%E2%80%AFPM.png" alt="" class="wp-image-883437" /></a></figure>
Photo Courtesy: Hadrian on Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

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Amazon And Walmart Third-Party Sellers Reportedly Stash Products In Canada To Dodge Trump Tariffs — Risky Bet Or Bold Move?

Fintech company&nbsp;Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>), announced major changes to its self-custody Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) wallet Tuesday, focusing on improved safety, privacy, and usability.
What Happened: Co-founder Jack Dorsey took to X to share the upcoming improvements to Bitkey, the cryptocurrency wallet launched in December 2023.
The changes include providing stronger and more convenient transaction verification, the ability to reset a fingerprint after a security delay, and a new tab on the Bitkey mobile app called Bitkey Security Hub.
In terms of privacy, Block introduced the private wallet balances feature, which limits visibility into users&#8217; balances and transactions. Additionally, there will be the option of not revealing one&#8217;s home or billing address when purchasing a Bitkey gadget and picking it up in person.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">transaction verification, fingerprint reset, private wallet balances, private purchasing, and purchase it with bitcoin. a lot coming to <a href="https://twitter.com/BitkeyOfficial?ref_src=twsrc%5Etfw">@BitkeyOfficial</a> starting in may: <a href="https://t.co/eEb6fVJ2MG">https://t.co/eEb6fVJ2MG</a>
&mdash; jack (@jack) <a href="https://twitter.com/jack/status/1914701239578751057?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
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To improve usability, Block announced a configurable&nbsp;"delay and notify" time period, enabling users to set the recovery duration for lost keys based on their preferences. 
Dorsey said that the changes will be implemented beginning in May.
See Also: <a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"></a><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44891685/gary-black-shares-polymarket-data-says-trump-tariffs-have-pushed-odds-of-2025-recession-to-57">Gary Black Shares Polymarket Data, Says Trump Tariffs Have Pushed Odds Of 2025 Recession To 57%</a>
Why It Matters: A <a href="https://www.benzinga.com/money/custodial-vs-non-custodial-wallets">self-custody wallet</a>, also known as a non-custodial wallet, is meant to give a user full control over their private keys and, therefore, their cryptocurrency assets. Bitkey includes a mobile app, a hardware device, and a set of recovery tools in case the user loses their phone or their hardware.
These updates follow the recent launch of a <a href="https://www.benzinga.com/25/04/44727594/jack-dorseys-block-is-making-it-easy-for-companies-to-manage-their-bitcoin-treasuryheres-how">new dashboard</a> by&nbsp;Block to help companies manage their Bitcoin holdings effectively.
The dashboard, part of an open-source toolkit, includes a corporate holdings dashboard and a BTC-to-USD real-time price quote API, allowing firms to monitor the dollar value of their Bitcoin in real time.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $93,662.10, up 6.18% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Shares of Block rose 2.60% in after-hours trading after closing 3.70% higher at $54.33 during Wednesday's regular session.
The stock exhibited a very high growth score—a measure of the stock's combined historical expansion in earnings and revenue across multiple periods. For more interesting metrics like these, visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
Photo Courtesy: Frederic Legrand &#8211; COMEO on Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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President Donald Trump has declared a significant reduction in the high tariffs placed on Chinese goods, although they will not be completely abolished.
What Happened: At a White House press conference on Tuesday, Trump addressed earlier remarks made by Treasury Secretary Scott Bessent, who had reportedly characterized the high tariffs as &#8220;unsustainable&#8221; and stated that he expects &#8216;de-scalation&#8217; in U.S.-China tariffs.
Trump also assured that the final tariff rate with China would be &#8220;substantially&#8221; lower than the current 145%. &#8220;It won&#8217;t be that high, not going to be that high,&#8221; Trump said, <a href="https://www.youtube.com/watch?v=3y7qVfTmqqw">reported </a>The Associated Press. However, he emphasized, &#8220;It won&#8217;t be zero.&#8221;
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Previously, Trump had enforced a 145% import tax on Chinese goods, which China countered with a 125% tariff on U.S. goods. Bessent had anticipated a &#8220;de-escalation&#8221; in the ongoing trade war between the two economic powerhouses.
Although Trump did not directly comment on whether he found the current situation with China to be unsustainable, he expressed optimism about the future of U.S.-China relations. He stated, &#8220;We&#8217;re doing fine with China,&#8221; and pledged to be &#8220;very nice&#8221; to Chinese President&nbsp;Xi Jinping.
Trump further stated that the U.S. is not going to &#8216;play hardball&#8217; with China and that country would &#8216;have to&#8217; make a deal with the U.S. &#8220;If they don&#8217;t make a deal, we will set the deal,&#8221; asserted Trump. 
SEE ALSO:&nbsp;<a href="https://benzinga.com/25/04/44915713/charlie-munger-once-said-he-could-go-on-and-on-listing-why-he-wont-want-donald-trump-in-the-oval-office" target="_blank" rel="noreferrer noopener">Charlie Munger Once Predicted That Trump Could Be &#8216;Quite Decisive&#8217; But Still Didn&#8217;t Want Him To Be President: Here&#8217;s Why</a>
Why It Matters: This announcement comes after a series of events that have escalated the US-China trade conflict. Earlier, the White House stated that Trump had called upon China to initiate <a href="https://www.benzinga.com/25/04/44832771/the-ball-is-in-chinas-court-trump-says-as-white-house-awaits-beijings-call-china-needs-to-make-a-deal-with-us">negotiations</a>, stating that the &#8220;ball is in China&#8217;s court&#8221; and emphasizing China&#8217;s reliance on the American consumer.
Shortly after, China&#8217;s Ministry of Commerce <a href="https://www.benzinga.com/25/04/44891949/chinese-commerce-ministry-pledges-retaliation-against-countries-isolating-beijing-with-us-at-the-expense-of-chinas-interests">warned </a>against the U.S. using tariffs to coerce other countries into restricting economic and trade cooperation with China. Notably, the U.S. also <a href="https://www.benzinga.com/markets/equities/25/04/44916963/first-solar-stock-surges-over-7-in-pre-market-as-us-sets-up-to-3500-tariffs-on-chinese-owned-southeast-asian-solar-cells">imposed </a>up to 3,500% tariffs on most solar cells imported from Southeast Asia, a move that was seen as a counter to unfair trade practices by Chinese-owned companies.
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<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/25/04/44885628/mark-cuban-says-health-insurance-shouldnt-exist-you-dont-have-to-grab-every-nickel-when-its-the-health-of-th" target="_blank" rel="noreferrer noopener">Mark Cuban Says Health Insurance Shouldn&#8217;t Exist — &#8216;You Don&#8217;t Have to Grab Every Nickel When It&#8217;s the Health of the Entire Country at Stake&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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