Grayscale Ethereum Trust (ETH) Common units of fractional undivided beneficial interest (ARCA: ETHE)

Dernières nouvelles pour Grayscale Ethereum Trust (ETH) Common units of fractional undivided beneficial interest (ARCA:ETHE)

The Trust holds ETH and, from time to time on a periodic basis, issues Creation Baskets in exchange for deposits of ETH. As a passive investment vehicle, the Trust's investment objective is for the value of the Shares (based on ETH per Share) to reflect the value of ETH held by the Trust, determined by reference to the Index Price, less the Trust's expenses and other liabilities.

Grayscale Ethereum Trust (ETH)

Grayscale Ethereum Trust (ETH) Common units of fractional undivided beneficial interest

ETHEMA HEALTH CORPORATION by Ethema Health Corporation

Ethema Health Corp

Ethena - United States Dollar

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Ethena USDe - United States Dollar

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News

ARBE

Arbe-Powered LRR615 Imaging Radar Debuts In China Via Hirain, Offering High Sensitivity And Low False Alarm Rate

On Wednesday, following Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <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">first-quarter earnings report</a>, longtime investor and Future Fund managing partner Gary Black voiced skepticism over the company's strategy to offer lower-priced EVs.
What Happened: In a post on X, formerly Twitter, Black expressed concern that these upcoming affordable models will simply be decontented versions of the existing Model 3 and Model Y, rather than entirely new vehicles that could expand Tesla's total addressable market (TAM).
Black stated that Tesla CFO Vaibhav Taneja said during the call that these vehicles would be "within the [existing] form factor," which reinforced his view that the models may not attract new buyers but instead cannibalize sales of more expensive versions.
Black also criticized Tesla CEO Elon Musk's <a href="https://www.benzinga.com/tech/25/04/44941657/elon-musk-equates-car-ownership-in-future-to-riding-a-horse-while-using-a-flip-phone-pierre-ferragu-says-teslas-iphone-moment-hinges-on-full-autonomy">analogy comparing Tesla's EV strategy</a> to Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) disruption of Nokia Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>).
See Also:&nbsp;<a href="https://benzinga.com/markets/equities/25/04/44862552/ford-recalls-nearly-150000-vehicles-over-brake-and-powertrain-issues-nhtsa" target="_blank" rel="noreferrer noopener">Ford Recalls Nearly 150,000 Vehicles Over Brake And Powertrain Issues: NHTSA</a>
He argued that without truly new vehicle types, Tesla risks repeating its 2023-2024 pattern, when price cuts led to steep earnings estimate revisions with little volume growth.
A user on X said that cheap base models don't usually sell well because buyers prefer lightly used, better-equipped versions. The user predicted that the same might happen with Tesla, too.
In response, Black said analysts are currently expecting Tesla's sales declines to ease in the second quarter and even turn positive in the fourth quarter. However, if the affordable car flops or gets delayed, then Tesla's full-year 2025 deliveries could drop even more.
&#8220;Without the new more affordable car, TSLA [deliveries] would likely be revised to -5% to -8% YoY,&#8221; he stated.
<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">After reviewing yesterday's <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> conference call transcript, we remain skeptical of TSLA's plans to introduce more affordable vehicles, which appear to be scaled down versions of existing M-Y and M-3 trims, rather than new form factors that allow <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> to enter new segments… <a href="https://t.co/UnAgncb6yG">pic.twitter.com/UnAgncb6yG</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1915109198129451458?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: Tesla reported first-quarter revenue of $19.34 billion, marking a 9% decline from the same period last year and falling short of Wall Street's consensus estimate of $21.35 billion.
The EV giant noted that it will revisit its 2025 guidance during the second-quarter update. Despite the revenue miss, Tesla said it maintains sufficient liquidity to support both its current product roadmap and long-term plans for capacity expansion.
Tesla also reaffirmed that its more affordable vehicle models are still on schedule to enter production in the first half of 2025. Additionally, the company announced that volume production of its autonomous Robotaxi, dubbed the Cybercab, is slated to begin in 2026.
Price Action: Tesla shares climbed 5.37% on Wednesday, ending the session at $250.74. However, the stock is still down 33.89% year-to-date, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
According to Benzinga Edge Stock Rankings, Tesla holds a growth score of 67.63%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares with other</a> companies in the sector.
Read Next:
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<li><a href="https://benzinga.com/25/04/44855242/charlie-munger-once-highlighted-how-warren-buffetts-lifelong-learning-made-berkshire-hathaways-success-possible-and-the-crucial-lesson-you-can-take-from-it" target="_blank" rel="noreferrer noopener">Charlie Munger Once Said Warren Buffett Is A ‘Learning Machine' And That's What Lies Beneath Berkshire Hathaway's Success From One Decade To Another</a></li>
</ul>
Photo Courtesy: Trygve Finkelsen on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

Tech

AAPL

TSLA

Tesla's New Cheaper Cars Might Not Be The Game Changer Investors Hoped For, Warns Gary Black — Here's Why He Thinks They Could Hurt More Than Help

Autoliv Becomes Official Mobility Safety Partner Of Formula E To Promote Automotive And EV Safety Innovation

Key scientific achievements expand the pipeline of high value molecular glue degraders for unmet medical needs
Performance-based and program-based payments of in total US$ 75 m to Evotec

Evotec Deepens CELMoDs Alliance With Bristol Myers Squibb As Molecular Glue Degrader Pipeline Expands

Outlook 2025
In response to macro headwinds and uncertainty around trade tariffs, the Company is optimizing its 2025 spending plan and will employ its portfolio optionality. Mitigating actions around capex, portfolio, costs and other cash initiatives are expected to offset over €2 bln of negative scenario effects.&nbsp;
<ul>
<li>FY gross capex expected to be below €8.5 bln, down from an initial guidance of around €9 bln; net capex is seen below €6 bln from an initial guidance of 6.5-7 bln.</li>
<li>At a revised scenario of 65 $/bbl for the Brent price, 40 €/MWh for the TTF gas spot price, 3.5 $/bbl for the Standard Eni Refining margin and a EUR vs USD exchange rate of 1.1, the FY Group's CFFO before working capital adjustments is expected to be at €11 bln. This reflects a better outcome than the changes to the reference scenario imply.&nbsp;</li>
<li>Oil and gas production is still expected at 1.7 mln boe/d, assuming a FY Brent price of 65 $/bbl.&nbsp;</li>
<li>FY GGP proforma adjusted EBIT is confirmed at €0.8 bln with an upside to over €1 bln in the event of positive negotiation outcomes and supportive market scenario.&nbsp;</li>
<li>Enilive and Plenitude: o FY proforma adjusted EBITDA respectively of around €1 bln and above €1.1 bln; o End of year installed renewable capacity projected at more than 5.5 GW (Plenitude @100%); biorefinery capacity at 1.65 MTPA plus 1 MTPA under construction.</li>
</ul>

Earnings

Guidance

Eni Outlook 2025: Plans To Offset Over €2B In Headwinds By Cutting 2025 Capex, Streamlining Portfolio, And Tightening Costs Amid Tariff Uncertainty

FY 2025 Guidance Unchanged The Company's guidance for FY 2025 under U.S. GAAP is unchanged. Guidance assumes no material change in exchange rates for key currencies compared with FY 2024 average rates, notably USD/GBP and USD/EUR. Guidance also assumes no material change to Medicaid eligibility policy and/or other changes to Federal funding levels due to executive actions. Guidance also does not include any potential impacts from tariffs imposed by the U.S. government or any retaliatory tariffs that may be imposed by other countries. FY 2025 Net Revenue (NR) $955m to $1,025m (-17% at the mid-point vs. FY 2024) SUBLOCADE NR $725m to $765m (-1% at the mid-point vs. FY 2024) OPVEE NR $10m to $15m SUBOXONE Film Market Share Accelerated NR decline in FY 2025 reflecting increased generic competitive activity and the potential impact from a fifth buprenorphine/ naloxone sublingual film generic in the U.S. market Non-GAAP Gross Margin Low to mid-80s % range Non-GAAP SG&amp;A ($525m) to ($535m) Non-GAAP R&amp;D ($85m) to ($90m) Non-GAAP Operating Income $185m to $225m

INDV

Indivior Reaffirms 2025 Guidance: Expects Net Revenue Of $995M-$1.025B Vs. $1.046B Est.; Sees Adj. Gross Profit Of $185M-$225M

Eni (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/E#NYSE">E</a>) reported quarterly earnings of $0.76 per share. This is a 27.21 percent decrease over earnings of $1.04 per share from the same period last year. The company reported $23.74 billion in sales this quarter. This is a 4.67 percent decrease over sales of $24.91 billion the same period last year.

Eni Q1 Adj. EPADS $0.76 Down From $1.04 YoY, Sales $23.74B Down From $24.91B YoY

A new biography on Elon Musk sheds light on the billionaire entrepreneur&#8217;s Icarus moment. Hubris Maximus, by Washington Post technology reporter Faiz Siddiqui, uncovers &#8220;The Shattering of Elon Musk&#8221; across three distinct periods in recent years.
What Happened: On Wednesday, Siddiqui offered a brief glimpse of his upcoming book on Musk, discussing his opinions on CNBC&#8217;s &#8220;Squawk Box.&#8221;
Siddiqui says that his book depicts the Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO in three distinct phases, starting with the controversial <a href="https://www.benzinga.com/news/23/01/30588579/elon-musk-tweets-funding-secured-in-2018-how-much-would-1-000-in-tesla-stock-be-worth-now">&#8220;funding secured&#8221; tweet</a> in 2018, which prompted a Securities and Exchange Commission investigation, followed by the COVID-19 era, and then the acquisition of Twitter, or as it&#8217;s now called, X.
See More: <a href="https://www.benzinga.com/personal-finance/25/04/44965461/elon-musks-ex-wife-jumped-into-a-random-thread-to-answer-what-it-takes-to-be-a-billionaire-her-message-the-world-doesnt-care-what-you-want">Elon Musk&#8217;s Ex-Wife Jumped Into a Random Thread To Answer What It Takes To Be a Billionaire — Her Message: The World Doesn&#8217;t Care What You Want</a>
The book describes a pattern that Siddiqui notices with Musk, which often involves a big event, such as the acquisition of Twitter, resulting in public backlash, followed by a quiet period, and then reinvention, with Musk moving on to something else.
According to Siddiqui, his book depicts several instances of individuals who &#8220;fiercely&#8221; and &#8220;devotedly&#8221; believed in Musk&#8217;s promises, and while they still support his goals, they were &#8220;disappointed in the man.&#8221;
Unlike Icarus, the author doesn&#8217;t believe that Musk has, or is going to, crash and burn. What&#8217;s &#8220;shattered&#8221; is essentially the &#8220;veneer on Elon,&#8221; Siddiqui says. &#8220;Elon was unimpeachably our Tony Stark,&#8221; he says, but he doesn&#8217;t think that&#8217;s true anymore, thanks to the tech mogul&#8217;s &#8220;Hubris,&#8221; or exaggerated pride. 
Why It Matters: Recently, Musk&#8217;s behavior and <a href="https://benzinga.com/general/health-care/25/01/42935746/is-elon-musks-mental-health-a-cause-for-concern-biographer-thinks-so">mental health issues</a> came under scrutiny when his biographer, Seth Abramson, voiced his fears.
Musk himself has <a href="https://www.benzinga.com/general/biotech/24/03/37797951/elon-musk-on-ketamine-and-investors-value-if-there-is-something-im-taking-i-should-keep-taking-it">acknowledged and defended</a> his use of prescription Ketamine to treat occasional depressive episodes, adding that the drug has been beneficial for investors in his companies.
Back in 2017, when asked if he was bipolar by a user on Twitter, Musk replied, &#8220;Yeah,&#8221; before adding, &#8220;Maybe not medically [though].&#8221; Around the same time, he tweeted about experiencing &#8220;greater highs, terrible lows, and unrelenting stress,&#8221; hinting at bipolar disorder.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The reality is great highs, terrible lows and unrelenting stress. Don&#39;t think people want to hear about the last two.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/891710778205626368?ref_src=twsrc%5Etfw">July 30, 2017</a></blockquote>
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</figure>
Despite recent turbulence, many investors and analysts continue to express confidence in Elon Musk's leadership and long-term vision. 
On Wednesday, <a href="https://www.benzinga.com/25/04/44955303/tesla-stock-is-ripping-higher-wednesday-whats-driving-the-action">Tesla shares rallied</a> after Musk announced he would scale back his involvement in the Department of Government Efficiency starting in May, a market reaction that came in spite of the company's weak first-quarter results.
Analyst Dan Ives of Wedbush Securities <a href="https://www.benzinga.com/25/04/44945402/wedbushs-dan-ives-raises-teslas-price-target-to-350-as-musk-promises-to-significantly-reduce-doge-time">raised his target</a> for Tesla to $350, a 40% upside from current levels, merely on news of Musk&#8217;s return as a full-time CEO. This comes despite a range of challenges and headwinds now facing the EV giant. This &#8220;removes the black clouds over Tesla,&#8221; Ives said, as he will be &#8220;laser-focused&#8221; on Tesla again. 
Price Action: Tesla shares rallied 5.37% on Wednesday, following the company&#8217;s much-anticipated first quarter earnings, which was released on Tuesday.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="139" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24011533/Screenshot-2025-04-23-at-1.16.03-PM-1-1024x139.png" alt="" class="wp-image-885620" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24011533/Screenshot-2025-04-23-at-1.16.03-PM-1-1024x139.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24011533/Screenshot-2025-04-23-at-1.16.03-PM-1-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24011533/Screenshot-2025-04-23-at-1.16.03-PM-1-768x104.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24011533/Screenshot-2025-04-23-at-1.16.03-PM-1-1536x208.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24011533/Screenshot-2025-04-23-at-1.16.03-PM-1.png 1592w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
According to Benzinga Edge Stock Rankings, Tesla scores well across most metrics besides value. The price trend, however, remains unfavorable in the short, medium, and long term. For more such insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a> today!
Photo Courtesy: Shutterstock.com
Read More: <a href="https://www.benzinga.com/news/global/25/04/44967548/teslas-energy-division-shines-but-etf-risks-mount-amid-broader-challenges">Tesla&#8217;s Energy Division Shines, But ETF Risks Mount Amid Broader Challenges</a>

Elon Musk Was Our Tony Stark Until He Wasn't: Tesla CEO's Icarus Moment Chronicled In New Book

Indivior (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDV#NASDAQ">INDV</a>) reported quarterly earnings of $0.41 per share which beat the analyst consensus estimate of $0.24 by 70.83 percent. This is a 10.81 percent increase over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $266.00 million which beat the analyst consensus estimate of $262.35 million by 1.39 percent. This is a 6.34 percent decrease over sales of $284.00 million the same period last year.

Earnings Beats

Indivior Q1 Adj. EPS $0.41 Beats $0.24 Estimate, Sales $266.00M Beat $262.35M Estimate

The 3iQ Solana Staking ETF (SOLQ.U) has logged impressive gains since its debut a week ago, with Cathie Wood-led Ark Invest emerging as a major buyer.
What happened: The exchange-traded fund exposes investors to the price moves of Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), the sixth-largest cryptocurrency by market capitalization, while also generating passive rewards through staking.
The investment vehicle began trading on the Toronto Stock Exchange on April 16 and has since gained around 18% in value.&nbsp;
The ETF has <a href="https://www.benzinga.com/25/04/44880757/cathie-woods-pours-another-4-95-million-into-solana-staking-etf-dumps-bitcoin-etf-again">drawn the interest of Ark</a>, the asset management firm led by experienced investor Wood.
Ark Fintech Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#BATS">ARKF</a>) holds about 482,680 shares of the ETF, amounting to a stake worth $5.43 million, according to Ark's latest reported holdings.
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>
Notably, the underlying asset SOL has also surged, gaining 13% in the last seven days.&nbsp;The Open Interest has surged 20% over the week to $5.63 billion, <a href="https://www.coinglass.com/BitcoinOpenInterest">according</a> to Coinglass.
While U.S. regulators&nbsp;<a href="https://www.benzinga.com/25/04/44850735/solana-price-falls-but-holds-key-support-as-canadian-etf-approval-institutional-buying-offer-support" target="_blank" rel="noreferrer noopener">have yet to approve any Solana ETFs</a>, asset managers including&nbsp;VanEck,&nbsp;Bitwise, and&nbsp;Grayscale&nbsp;have filed applications.&nbsp; The odds of their approval in 2025 <a href="https://polymarket.com/event/solana-etf-approved-in-2025">stood </a>at 73% on Polymarket, a cryptocurrency-based betting platform.
Price Action: At the time of writing, SOL was exchanging hands at $148.78, down 1.52% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the cryptocurrency has fallen 21.38%. Shares of the Solana Staking ETF closed 4.17% higher at $11.73 during Wednesday&#8217;s trading session.
Meanwhile, the ARKF ETF exhibited a high momentum score as of this writing. Visit&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a>&nbsp;to check out how other Ark ETFs perform on this metric.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="722" height="198" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24012604/Screenshot-2025-04-24-105547.png" alt="" class="wp-image-885630" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24012604/Screenshot-2025-04-24-105547.png 722w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24012604/Screenshot-2025-04-24-105547-300x82.png 300w" sizes="(max-width: 722px) 100vw, 722px" /></figure>
Photo: Lee Wa Da/Shutterstock
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44890965/shiba-inu-team-issues-major-anti-scam-alert-heres-what-you-need-to-know">Shiba Inu Team Issues Major Anti-Scam Alert: Here&#8217;s What You Need To Know</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$SOL

ARKF

Solana Staking ETF Surges 18% In Debut Week—Here's How Much Cathie Wood's Ark Invest Has Parked In It

<ul>
<li>Investment is in addition to the ongoing partnership as shared previously, including continuing the development of BCMA targeting ANKET&#xAE; program in autoimmune indications, and more</li>
</ul>

IPHA

Innate Pharma Confirms €15M Capital Increase Backed By Sanofi To Advance ANKET® Autoimmune Pipeline

Regarding the tariff situation, there could be some short-term disruption. We will continue to utilize the flexibility of our global manufacturing network to minimize impact of the evolving tariff landscape. Based on what we see today, we currently expect a EUR 20 to 30 million impact to our comparable operating profit in the second quarter from the current tariffs. Given the lack of visibility, we have not taken an assumption related to tariffs in the second half of 2025.

Nokia Stated That Tariffs May Cut Q2 Comparable Operating Profit By €20M–€30M; No Assumptions Made For H2 2025 Due To Ongoing Uncertainty

Only 15 percent of Americans, ages 18 to 29, think the nation is headed the right way, deepening what researchers call a generational crisis of confidence.
What Happened: The <a href="https://iop.harvard.edu/youth-poll/50th-edition-spring-2025">spring</a> Harvard Youth Poll of 2,096 respondents, aged between 18 and 29 years, found 51 percent believe the country is on the wrong track and 31 percent are unsure. Just 3 percent declined to answer. Trust in Washington is equally sparse, with only 19 percent saying the federal government "does the right thing" most of the time, while fewer than one in three trust Congress, the president, or the Supreme Court.
President Joe Biden still fares better than his successor on the question of who presided over sunnier times. 41 percent say the nation was better off under Biden, compared with 25 percent for former president-turned-incumbent Donald Trump.
Trump's approval rating among young people stands at 31 percent, virtually unchanged from the same point in his first term. Trust in congressional Democrats has tumbled to 23 percent, down from 42 percent in early 2019.
See also: <a href="https://www.benzinga.com/markets/equities/25/04/44970416/scott-bessents-china-de-escalation-scoop-delivered-to-wall-street-early-at-closed-door-event-2-2-trillion-in-gains-later-questions-arise-if-retail-investors-were">Scott Bessent&#8217;s China &#8216;De-Escalation&#8217; Scoop Delivered To Wall Street Early At Closed-Door Event — $2.2 Trillion In Gains Later Questions Arise If Retail Investors Were &#8216;Cheated&#8217;</a>
Pollsters tested nine items from Trump's 2025 agenda; none topped 35 percent support. The most popular, creating a <a href="https://www.benzinga.com/startups/24/11/42069236/trump-tasked-elon-musk-to-oversee-government-efficiency-heres-how-musk-has-streamlined-costs-at-his-own-companies">Department of Government Efficiency</a>, drew barely a third of young Americans. Tariffs, abolishing the Education Department, and pardons for Jan. 6 rioters each mustered backing from two in 10 or fewer.
Why It Matters: Data from the Harvard Youth Poll coincides with the release of a new Reuters/Ipsos survey, which finds approval of Trump's handling of the economy and inflation has <a href="https://www.benzinga.com/markets/25/04/44948841/trump-economic-approval-rating-drops-to-37-as-market-selloff-erodes-public-support-poll">slid to 37 percent</a>, down from 42 percent recorded just after his Jan. 20 inauguration. Together, the polls paint a picture of mounting public unease as Trump nears his 100-day mark.
Other gauges echo the turbulence. <a href="https://www.benzinga.com/news/25/04/44890428/trumps-gallup-approval-stands-at-45-topping-same-point-in-first-presidency-but-hes-down-16-in-economist-survey">Gallup</a> put Trump's overall approval at 45 percent in April — up from 41 percent at the same point in his first term — while an Economist/YouGov survey reported a 16-point plunge since January. An <a href="https://www.benzinga.com/news/global/25/03/44183107/trumps-approval-rating-48-voters-disapprove-of-handling-of-russia-ukraine-war-55-think-world-war-to-happen">Emerson College poll</a> in March showed a steadier 49 percent rating, even as opinions split over his handling of the Russia-Ukraine war. However, the latest Reuters/Ipsos figures suggest a sustained downward trend tied to economic anxieties and jittery financial markets.
Photo Courtesy: Joshua Sukoff on Shutterstock.com
Read next: <a href="https://www.benzinga.com/markets/equities/25/04/44970516/boeing-adjusts-strategy-amid-trump-tariff-fallout-ceo-kelly-ortberg-says-wont-build-aircraft-for-customers-who-will-not-take-them-as-china-halts-deliveries">Boeing Adjusts Strategy Amid Trump Tariff Fallout, CEO Kelly Ortberg Says Won&#8217;t &#8216;Build Aircraft For Customers Who Will Not Take Them&#8217; As China Halts Deliveries</a>

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Trump Fails To Impress America's Young, Shows Poll As They Still Favor Biden — Only 15% Think US On Right Track

Guidance confirmed&nbsp;
<ul>
<li>In 2025, sales are anticipated to grow by a mid-to-high single-digit percentage at CER5 . Sanofi confirms the expectation of a strong rebound in business EPS with growth at a low double-digit percentage at CER (before share buyback)6&nbsp;</li>
<li>Sanofi intends to complete a share buyback program in 2025 of €5 billion of which 72% was already repurchased</li>
</ul>

Sanofi Reaffirms 2025 Guidance: Sales To Grow Mid-To-High Single Digits (CER), Business EPS To Rise Low Double Digits (CER)

<ul>
<li>Dassault Systèmes' 3DEXPERIENCE platform will be used across Airbus, company-wide, for all future generations of civil and military aircraft and helicopters</li>
<li>More than 20,000 users from every business area and the value chain will collaborate and use Dassault Systèmes' virtual twins to improve efficiency, shorten development cycles and reduce costs</li>
<li>This is a key milestone in the digital transformation of Airbus' ways of working and the preparation of the next generation of aerospace products</li>
</ul>

DASTY

European Aeronautic Defence And Space Unsponsored

EADSY

Dassault Systèmes And Airbus Expand Strategic Partnership To Power Next-Gen Aircraft With 3DEXPERIENCE Platform

Sanofi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) reported quarterly earnings of $0.94 per share which missed the analyst consensus estimate of $0.95 by 0.95 percent. This is a 2.99 percent decrease over earnings of $0.97 per share from the same period last year. The company reported quarterly sales of $10.41 billion which beat the analyst consensus estimate of $9.77 billion by 6.51 percent. This is a 8.43 percent decrease over sales of $11.36 billion the same period last year.

Earnings Misses

Sanofi Q1 Adj. EPS $0.94 Misses $0.95 Estimate, Sales $10.41B Beat $9.77B Estimate

Treasury Secretary Scott Bessent voiced support for fossil fuel development in emerging economies, criticizing the push for renewables-only energy solutions as unrealistic for countries facing basic economic challenges.
What Happened: &#8220;Energy abundance sparks economic abundance,&#8221; Bessent wrote Wednesday on X. &#8220;Developing countries can&#8217;t afford the luxury belief that all energy must be renewable energy.&#8221;
Speaking at the Institute of International Finance Global Outlook Forum during the IMF World Bank Spring Meetings, Bessent emphasized that people in developing nations are &#8220;simply trying to put food on the table—not virtue signal to their friends and colleagues.&#8221;
Bessent called for an &#8220;all-of-the-above approach&#8221; that includes both fossil fuels and renewables where feasible. He stressed that affordable baseload generation, often from gas and other fossil fuels, must be the priority for developing economies to avoid the intermittency problems seen in countries like South Africa.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Energy abundance sparks economic abundance. That's why we must pursue an all-of-the-above approach to energy development. This means investing in fossil fuels—and where it makes sense, renewables. But here, let me be clear: Developing countries can't afford the luxury belief… <a href="https://t.co/hncuCTWcoB">pic.twitter.com/hncuCTWcoB</a>
&mdash; Treasury Secretary Scott Bessent (@SecScottBessent) <a href="https://twitter.com/SecScottBessent/status/1915095828353708307?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<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" target="_blank" rel="noreferrer noopener">Tesla Q1 Misses Estimates As Tariff Pressures Weigh On Outlook, Lower-Cost EVs Still On Track</a>
Why It Matters: His comments align with President Donald Trump&#8216;s broader pivot toward fossil fuel promotion. While some oil and gas executives have criticized Trump&#8217;s &#8220;drill, baby, drill&#8221; agenda as creating uncertainty, the administration has <a href="https://www.benzinga.com/markets/commodities/25/03/44522105/oil-and-gas-executives-rebuke-trumps-drill-baby-drill-agenda-we-want-more-stability">pushed forward with fossil fuel-friendly policies</a>.
The administration has already moved to cut nearly $10 billion in clean energy funding that would impact projects with Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Occidental Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), <a href="https://www.benzinga.com/markets/25/04/44882365/trumps-energy-department-mulls-cutting-billions-in-clean-energy-funds-threatening-exxon-occidental-projects">according to recent reports</a>.
These policy shifts mark a significant reversal from previous climate-focused agendas. U.S. oil production reached 13.5 million barrels per day in March, up from 12.8 million in December, reflecting the administration&#8217;s <a href="https://www.benzinga.com/markets/commodities/25/04/44903411/trumps-2025-energy-policy-a-resurgence-of-fossil-fuel">emphasis on domestic energy production</a>.
Read Next:
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Photo Courtesy: Maxim Elramsisy on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

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Scott Bessent Backs Fossil Fuels For Developing Nations, Treasury Secretary Slams Renewables-Only Push As 'Luxury Belief' Amid Trump's 'Drill, Baby, Drill' Agenda

OUTLOOK
The outlook provided below reflects the acquisition of Infinera.
<figure class="table"> 
<table>
<tbody>
<tr>
<td> &nbsp;</td>
<td>Full Year 2025</td>
</tr>
<tr>
<td>Comparable operating profit(1)</td>
<td>EUR 1.9 billion to EUR 2.4 billion</td>
</tr>
<tr>
<td>Free cash flow(1)</td>
<td>50% to 80% conversion from comparable operating profit</td>
</tr>
</tbody>
</table>
</figure>
1Please refer to Alternative performance measures section in Nokia Corporation Interim Report for Q1 2025 for a full explanation of how these terms are defined.
The outlook and all of the underlying outlook assumptions described below are forward-looking statements subject to a number of risks and uncertainties as described or referred to in the Risk Factors section later in this report.
Along with Nokia's official outlook targets provided above, Nokia provides the below additional assumptions that support the group level financial outlook.
<figure class="table"> 
<table>
<tbody>
<tr>
<td> &nbsp;</td>
<td>Full year 2025</td>
<td>Comment</td>
</tr>
<tr>
<td>Group Common and Other operating expenses</td>
<td>approximately EUR 400 million</td>
<td> &nbsp;</td>
</tr>
<tr>
<td>Comparable financial income and expenses</td>
<td>Positive EUR 50 to 150 million</td>
<td> &nbsp;</td>
</tr>
<tr>
<td>Comparable income tax rate</td>
<td>~25%</td>
<td> &nbsp;</td>
</tr>
<tr>
<td>Cash outflows related to income taxes</td>
<td>EUR 500 million (update)</td>
<td>Mainly reflecting evolving regional mix and the inclusion of Infinera</td>
</tr>
<tr>
<td>Capital Expenditures</td>
<td>EUR 650 million (update)</td>
<td>Reflecting the inclusion of Infinera</td>
</tr>
<tr>
<td>Recurring gross cost savings</td>
<td>EUR 400 million</td>
<td>Related to ongoing cost savings program and not including Infinera-related synergies</td>
</tr>
<tr>
<td>Restructuring and associated charges related to cost savings programs</td>
<td>EUR 250 million</td>
<td>Related to ongoing cost savings program and not including Infinera-related synergies</td>
</tr>
<tr>
<td>Restructuring and associated cash outflows</td>
<td>EUR 400 million</td>
<td>Related to ongoing cost savings program and not including Infinera-related synergies</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

Nokia 2025 Guidance: Expects €1.9B–€2.4B Comparable Operating Profit, Free Cash Flow At 50%–80%; Flags Unexpected Charge In Mobile Networks

Alphabet Inc.'s (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>) Google is reportedly telling <a href="https://www.benzinga.com/news/23/06/32773735/after-meta-google-issues-notice-to-bring-employees-back-to-office">some remote employees</a> to adopt a hybrid schedule or accept a voluntary exit package as part of a broader cost-cutting effort.
What Happened: Several teams within Google have notified remote workers that their jobs may be at risk if they do not begin working from the office at least three days per week, <a href="https://www.cnbc.com/2025/04/23/google-teams-are-including-remote-workers-in-their-cuts.html">reported</a> CNBC, citing internal documents.&nbsp;
The directive applies even to employees who were previously approved for fully remote work.
Units including Google Technical Services and People Operations are enforcing stricter in-office requirements. Workers living within 50 miles of a Google office must now follow a hybrid schedule or face job elimination.
In some cases, the company is offering one-time relocation payments to employees who agree to move closer to an office.
Google spokesperson Courtenay Mencini said the policy is being implemented at the team level rather than across the company.&nbsp;
"In-person collaboration is an important part of how we innovate and solve complex problems," she said in a statement to the publication.
Google did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
See Also:&nbsp;<a href="https://benzinga.com/markets/equities/25/04/44862552/ford-recalls-nearly-150000-vehicles-over-brake-and-powertrain-issues-nhtsa" target="_blank" rel="noreferrer noopener">Ford Recalls Nearly 150,000 Vehicles Over Brake And Powertrain Issues: NHTSA</a>
Why It&#8217;s Important: The shift follows voluntary exit programs announced earlier this year, affecting groups such as Android, Chrome, Fitbit, and Nest, where remote status was reportedly a factor in restructuring decisions.
Last year in October, during a town hall meeting, Google had assured employees it would not adopt the strict return-to-office policy implemented by Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
Meanwhile, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has reportedly introduced updated performance management policies, which include a two-year rehire ban for employees <a href="https://www.benzinga.com/25/04/44917739/microsoft-cracks-down-on-underperformers-with-new-policies-including-two-year-rehire-ban-report">deemed underperforming</a>.
Price Action: Alphabet Inc. Class A shares ended Wednesday at $155.35, gaining 2.56%, and edged up another 0.30% in after-hours trading. Class C shares closed at $157.72, up 2.48%, with a further after-hours increase of 0.43%, based on <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Per Benzinga Edge Stock Rankings, Alphabet currently holds a growth score of 64.44%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares</a> to other companies in the sector.
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Photo Courtesy: JHVEPhoto On Shutterstock.com
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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Nokia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) reported quarterly earnings of $0.03 per share which missed the analyst consensus estimate of $0.04 by 20 percent. This is a 68 percent decrease over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $4.62 billion which beat the analyst consensus estimate of $4.41 billion by 4.64 percent. This is a 8.94 percent decrease over sales of $5.07 billion the same period last year.

Nokia Q1 Adj. EPS $0.03 Misses $0.04 Estimate, Sales $4.62B Beat $4.41B Estimate

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