Edgewise Therapeutics Stock (NASDAQ: EWTX)

Dernières nouvelles pour Edgewise Therapeutics (NASDAQ:EWTX) Stock

Edgewise Therapeutics

Edgewise Therapeutics Inc is a clinical-stage biopharmaceutical company. It is focused on the discovery, development and commercialization of innovative treatments for severe, rare muscle disorders. It is developing orally bioavailable, small molecule therapies for musculoskeletal diseases.

Edgewise Therapeutics, Inc. - Common Stock

Edgewise Therapeutics Inc

Koninklijke Ahold Delhaiz (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ADRNY#OTC">ADRNY</a>) reported quarterly earnings of $0.74 per share. This is a 6.33 percent decrease over earnings of $0.79 per share from the same period last year. The company reported $24.84 billion in sales this quarter. This is a 0.24 percent increase over sales of $24.78 billion the same period last year.

Earnings

News

ADRNY

Koninklijke Ahold Delhaiz Q4 Adj. EPS $0.74 Down From $0.79 YoY, Sales $24.84B Up From $24.78B YoY

With U.S. stock futures trading slightly lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) to report quarterly earnings at 93 cents per share on revenue of $97.19 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. CVS Health shares gained 1.3% to close at $55.00 on Tuesday.</li>
<li>Pitney Bowes Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBI#NYSE">PBI</a>) reported better-than-expected earnings for its fourth quarter and named Bob Gold as its new CFO. The company also said it sees FY2025 adjusted earnings of $1.10 to $1.30 per share on sales of $1.950 billion to $2.000 billion. Pitney Bowes shares jumped 9.8% to $9.60 in the after-hours trading session.</li>
<li>Analysts are expecting The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) to post quarterly earnings at 78 cents per share on revenue of $6.66 billion. The company will release earnings before the markets open. Kraft Heinz shares gained 0.2% to $29.65 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) reported worse-than-expected earnings for its fourth quarter and issued weak revenue guidance for the first quarter. The company said it sees first-quarter sales of $575.000 million to $590.000 million versus market estimates of $600.20 million. Zillow shares dipped 6.3% to $80.90 in the after-hours trading session.</li>
<li>Analysts expect Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) to post quarterly earnings at 91 cents per share on revenue of $13.87 billion after the closing bell. Cisco shares gained 0.1% to $62.49 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43623929/wall-streets-most-accurate-analysts-spotlight-on-3-utilities-stocks-delivering-high-dividend-yields-6">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Utilities Stocks Delivering High-Dividend Yields</a></li>
</ul>

Pre-Market Outlook

Markets

Trading Ideas

CSCO

CVS Health, Kraft Heinz And 3 Stocks To Watch Heading Into Wednesday

Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) announced that it has captured 12% of the U.S. e-commerce market share, expanding from its origins as a platform for small businesses.
What Happened: During its <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43636620/shopifys-revenue-growth-outpaces-estimates-but-paypal-related-margin-impact-raises-questions-analyst">fourth quarter of 2024 earnings call</a>, the e-commerce giant revealed this milestone alongside a strategic push into enterprise-level commerce. As of June 2022, Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) dominated the U.S. e-commerce market with a 37.8% share, according <a href="https://www.statista.com/statistics/274255/market-share-of-the-leading-retailers-in-us-e-commerce/">to</a> Statista.
The company&#8217;s enterprise momentum has accelerated notably, with major brands including Reebok, Champion, Warner Music Group, and David&#8217;s Bridal joining the platform in the fourth quarter. Shopify President Harley Finkelstein highlighted a dramatic shift in enterprise interest, noting that &#8220;pretty much every retailer and every major brand on the planet is now looking to Shopify,&#8221; a marked change from just 12 months ago.
See Also: <a href="https://www.benzinga.com/markets/equities/25/02/43647866/robinhood-director-baiju-bhatt-sells-5-million-in-options-ahead-of-q4-earnings">Robinhood Director Baiju Bhatt Sells $5 Million In Options Ahead Of Q4 Earnings</a>
Why It Matters: A key competitive advantage has emerged in Shopify&#8217;s implementation speed, with the platform capable of launching major brands in three months compared to the traditional 12-18-month timeline. This efficiency is complemented by a significant cost advantage, with Ernst &amp; Young reporting that Shopify&#8217;s architecture enables a 22% lower cost of ownership for enterprise retailers.
The company has strengthened its enterprise position through strategic partnerships with major system integrators including WPP, EY, IBM, and Oracle, who are building dedicated Shopify implementation practices. 
Shopify has a <a href="https://www.benzinga.com/quote/SHOP/analyst-ratings">consensus price target</a> of $100.69 from 35 analysts, with a high of $175 and a low of $65. Recent ratings from Citigroup, RBC Capital, and Wedbush average $143.33, implying a 16.11% upside.
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12012129/Screenshot-2025-02-12-at-11.50.48%E2%80%AFAM-1024x385.png" alt="" class="wp-image-777834" style="width:785px;height:auto" /></figure>
Price Action: Shopify stock closed at $123.59 on Tuesday, up 3.08%. After-hours, it dipped 0.11% to $123.45. Year to date, shares have gained 14.94%, rising 38.68% over the past year, according to <a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/02/43646506/dan-ives-says-palantir-could-be-next-oracle-or-salesforce-as-ai-boom-drives-massive-software-spending-highlights-8-10x-multiplier-effect">Dan Ives Says Palantir Could Be Next Oracle Or Salesforce As AI Boom Drives Massive Software Spending, Highlights 8-10x Multiplier Effect</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.

Equities

AMZN

SHOP

Shopify Secures 12% Of US E-Commerce Pie As Reebok, Champion, And Warner Music Join Platform

SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) reported quarterly losses of $(0.83) per share. This is a 138.07 percent decrease over earnings of $2.18 per share from the same period last year. The company reported $12.03 billion in sales this quarter. This is a 0.16 percent increase over sales of $12.01 billion the same period last year.

SFTBF

SFTBY

SoftBank Group Q3 EPS $(0.83) Down From $2.18 YoY, Sales $12.03B Up From $12.01B YoY

Warner Bros Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) and Jinjiang International have unveiled plans to establish a &#8220;Harry Potter Studio Tour&#8221; in Shanghai. This venture is part of a broader renovation project, with the opening slated for 2027.
What Happened: Warner Bros and Chinese conglomerate Jinjiang International have decided to construct a &#8220;Harry Potter Studio Tour&#8221; in Shanghai, reported Reuters. The planned theme park will give visitors a glimpse into the making of the Harry Potter movies and recreate memorable scenes in an area spanning over 53,000 square meters. However, the project is yet to receive regulatory approval.
This will be the third &#8220;Harry Potter Studio Tour&#8221; by Warner Bros globally, joining the existing locations in London and Tokyo, but is likely to be nearly four times bigger than the London park inaugurated in 2012. 
Although foreign films account for only a small portion of China&#8217;s total box office due to strict quotas and a strong preference for local productions, the Harry Potter series remains hugely popular in the country.
The tour is designed to give visitors an immersive experience, highlighting the magic of filmmaking, the brilliant designs, and the unique creativity behind the Harry Potter films, while offering an in-depth exploration of the magical world of Harry Potter.
SEE ALSO: <a href="https://www.benzinga.com/general/entertainment/25/01/43017986/warner-bros-discovery-analyst-says-dtc-strength-wont-offset-joker-folie-a-deux-flop-nba-rights-concerns">Warner Bros. Discovery Analyst Says DTC Strength Won&#8217;t Offset &#8216;Joker: Folie A Deux&#8217; Flop, NBA Rights Concerns</a>
Why It Matters:&nbsp;This move comes in the wake of&nbsp;<a href="https://www.benzinga.com/24/12/42468724/warner-bros-discovery-restructures-with-focus-on-streaming-and-tv-divisions-stock-shoots-up">Warner Bros. Discovery&#8217;s restructuring plan</a>, approved in December 2024. The new corporate structure divided Warner Bros. Discovery into two distinct operating divisions: Global Linear Networks and Streaming &amp; Studios. 
The latter division, which includes film and entertainment studios, is responsible for managing its intellectual property portfolio. The upcoming &#8220;Harry Potter Studio Tour&#8221; in Shanghai is a part of this division aimed at leveraging the company&#8217;s intellectual property to expand its global footprint.
Warner Bros. has been growing the Harry Potter franchise beyond films, exploring ventures such as the Fantastic Beasts spin-off, theater productions, studio tours, video games, and a new TV series set to debut on Max in 2026.
As per a company filing in October, Warner Bros&#8217; Harry Potter studio tour near London surpassed £100 million (approximately $124 million) in profit for the year ended December 2022 while generating over 100 new jobs to meet the growing demand for the attraction.
READ MORE: <a href="https://www.benzinga.com/general/entertainment/25/02/43520895/disney-cuts-content-budget-by-1-billion-as-it-pushes-for-efficiency-house-of-mouse-says-too-early-to-revise-guidance-despite-earnings-beat">Disney Cuts Content Budget By $1 Billion As It Pushes For Efficiency: House Of Mouse Says Too Early To Revise Guidance Despite Earnings Beat</a>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Entertainment

Warner Bros Announces Shanghai Harry Potter Studio Tour—Set To Be Four Times Larger Than London's

As DoorDash Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) user base exploded to 42 million monthly active users with order frequency at an all-time high, its grocery and retail vertical saw stellar growth along with the aforementioned metrics in the <a href="https://www.benzinga.com/general/restaurants/25/02/43641832/doordash-shares-climb-after-solid-q4-results-total-orders-grew-19-gov-increased-21">fourth quarter</a>.
What Happened: DoorDash&#8217;s customers were ordering from all categories, explained the company CFO Ravi Inukonda during its earnings call. &#8220;We are the fastest growing in the U.S., we&#8217;ve gained share in new verticals through the year,&#8221; he said.
Emphasizing the grocery segment penetration Inukonda added &#8220;There are several countries where new verticals and grocery penetration in the international portfolio is actually higher than what we&#8217;re seeing in the U.S.&#8221;
DoorDash highlighted its current 42 million monthly active users are growing in double-digits and the record order frequency at an &#8220;all-time high&#8221; indicates strong user engagement and platform stickiness. 
Furthermore, talking about DashPass subscriptions co-founder and CEO, Tony Xu said that they have over 100 million customers, who order with the brand annually and its DashPass and Wolt+ subscribers were only in &#8220;the tens of millions.&#8221;
&#8220;So we have a large fraction of our customer base within our own ecosystem that are not subscribers. So that&#8217;s the first thing we have to go and solve,&#8221; added Xu.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/02/43616409/warren-buffetts-berkshire-hathaway-loads-up-on-sirius-xm-amid-price-target-cuts-company-pays-dividend-but-better-off-in-t-bills-says-expert">Warren Buffett&#8217;s Berkshire Hathaway Loads Up On Sirius XM Amid Price Target Cuts: Company Pays Dividend ‘But Better Off In T-Bills,&#8217; Says Expert </a>
Why It Matters: DoorDash&#8217;s fourth-quarter earnings per share met <a href="https://www.benzinga.com/general/restaurants/25/02/43641832/doordash-shares-climb-after-solid-q4-results-total-orders-grew-19-gov-increased-21">expectations</a> at $0.33, while revenue beat estimates at $2.87 billion. Total orders rose to 685 million, up 19% year-over-year. Marketplace GOV, which stands total dollar value of orders completed in the company&#8217;s marketplaces, increased by 21% to $21.3 billion.
The company anticipates its adjusted EBITDA, as a percentage of Marketplace GOV, will grow sequentially throughout the year, increasing from the first quarter to the second quarter, and again from the second quarter to the third quarter. CFO added that DoorDash was &#8220;very confident with the outlook for the full-year.&#8221;
Price Action: The shares rose by 0.24% to $193.09 apiece on Tuesday and advanced by 5.71% in after-hours, whereas the exchange-traded fun tracking Nasdaq 100 index, Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.24%.
DASH shares have gained 13.15% on a year-to-date basis, whereas it was up by 63.03% over the last year.
The average price target among 33 <a href="https://www.benzinga.com/quote/DASH/analyst-ratings">analysts tracked by Benzinga</a> is $180.94 with a ‘buy' rating. The estimates range from $115 to $225 apiece. Recent ratings from Benchmark, JMP Securities, and UBS suggest a $206.67 target, implying a potential upside of 1.25%.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/DASH/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="385" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12014648/DoorDash-ANR-1024x385.png" alt="" class="wp-image-777866" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12014648/DoorDash-ANR-1024x385.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12014648/DoorDash-ANR-300x113.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12014648/DoorDash-ANR-768x289.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12014648/DoorDash-ANR.png 1060w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/25/02/43647586/coca-cola-won-overall-share-from-pepsi-maaza-crosses-1-billion-milestone-analyst-says-never-seen-fundamentals-this-good-amid-strong-2025-outlook">Coca-Cola &#8216;Won Overall Share&#8217; From Pepsi: Analyst Says &#8216;Never Seen Fundamentals This Good,&#8217; Amid Strong 2025 Outlook </a></li>
</ul>
Photo courtesy: Shutterstock

Earnings Beats

Market Summary

Broad U.S. Equity ETFs

ETFs

General

DASH

DoorDash Surges To 42M Monthly Users As Grocery And Retail Sales Soar Amid Record Order Frequency

The Company's revenues for the year ended December 31, 2024 are expected to increase by approximately 45% and are expected to amount to approximately $900,000, compared to revenues of approximately $620,000 in the year ended December 31, 2023.
As of December 31, 2024, the Company had cash and cash equivalents of approximately $4.2 million, compared to approximately $7.4 million on December 31, 2023.

PRZO

Reported Earlier, ParaZero Announces Preliminary 2024 Results: Revenue Jumps 45% YoY To $900K, Cash Reserves At $4.2M

<ul>
<li>The venture between Ericsson and global telecom operators is announcing a strategic partnership with Infobip to expand the reach of advanced network APIs.</li>
</ul>

ERIC

Ericsson-Backed Aduna Partners With Infobip To Empower Developers With Advanced Network APIs

MXCT

MaxCyte And TG Therapeutics Sign Strategic Platform License To Advance Autoimmune Cell Therapies

Broadridge enables Upvest to streamline shareholder interactions with enhanced transparency, further enabling the democratization and digitization of corporate governance

Broadridge Expands Partnership With Upvest To Streamline Proxy Voting And Shareholder Communication

INDV

Indivior Updates On SUBLOCADE Label Changes: FDA Approval Delayed Despite No Pending Concerns

Program expansion will increase collaboration with small and medium-sized businesses

Collins Aerospace Launches 2025 Edition Of 'Powered by Collins Initiative' At Aero India, Focusing On Deep Tech SMEs

Bioceres Crop Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOX#NASDAQ">BIOX</a>) reported quarterly sales of $106.500 million which missed the analyst consensus estimate of $129.500 million by 17.76 percent. This is a 24.09 percent decrease over sales of $140.300 million the same period last year.

Earnings Misses

BIOX

Bioceres Crop Solutions Q2 Sales $106.500M Miss $129.500M Estimate, Net Income $0.6M Down From $1.2M YoY

A widely followed cryptocurrency trader plans to hold onto their Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) until Mar. 24, anticipating a significant pump in the value of the world&#8217;s largest meme cryptocurrency.
What Happened: Chandler, noted for analyzing chart patterns and forecasting the next moves for cryptocurrencies, shared their investment strategy for Dogecoin.
&#8220;March 24 is the 0.236 Fib Time Zone. Historically, it has shown nice pumps in both Bitcoin and DOGE,&#8221; the trader stated. 
Chandler had previously predicted that the &#8220;best time&#8221; to sell DOGE is&nbsp;a week or two after&nbsp;it crosses the 0.236&nbsp;Fib time zone.
<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">March 24 is the 0.236 Fib Time Zone. Historically, it has shown nice pumps in both <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> and <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a>.<a href="https://t.co/6l4bBXQkAE">https://t.co/6l4bBXQkAE</a>
&mdash; Chandler&#x26a1;&#xFE0F; (@ChandlerCharts) <a href="https://twitter.com/ChandlerCharts/status/1889121808827207888?ref_src=twsrc%5Etfw">February 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Fibonacci time zones are vertical lines that show probable swing highs, lows, or reversal points on a chart. They are time-based indicators, and the vertical lines correspond to the Fibonacci sequence.
Ali Martinez, another influential cryptocurrency analyst, projected that a surge in key on-chain indicators like daily active addresses, transactions, and whale activity could &#8220;signal&#8221; the start of a fresh DOGE rally.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> activity has been steady, with daily active addresses, transactions, and whale movements at key levels. A surge in these metrics could signal the start of a new leg up! <a href="https://t.co/dBCd6FrG5b">pic.twitter.com/dBCd6FrG5b</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1889562329177604341?ref_src=twsrc%5Etfw">February 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/02/43584910/man-who-accidentally-lost-his-775-million-bitcoin-stash-expresses-desire-to-buy-the-landfill-site">Man Whose $775 Million Bitcoin Fortune Lies Buried In A Landfill Now Wants To Buy The Trash Heap</a>
Why It Matters: The bullish projections, however, contrasted with bearish signals from certain popular technical indicators.
The Moving Average Convergence Divergence, which compares two exponential moving averages of price, flashed a &#8220;Sell&#8221; signal for DOGE, according to&nbsp;<a href="https://in.tradingview.com/symbols/DOGEUSD/technicals/" target="_blank" rel="noreferrer noopener">data&nbsp;</a>from TradingView.
Furthermore, nearly all of its exponential and simple moving averages suggested a &#8220;Strong Sell.&#8221; 
Things looked bearish in the derivatives market as well. More than 50% of DOGE futures traders held short positions as of this writing, <a href="https://docs.google.com/document/d/1IKEBmWfCbvgmBdmYOcbaDteOMGJ0d8exHRmUAAumE2c/edit?tab=t.0">according </a>to Coinglass.
Price Action: At the time of writing, DOGE was exchanging hands at $0.2523, down 6% 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.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Year-to-date, the coin has plunged over 22%.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43581896/analyst-who-nailed-2021-crypto-collapse-now-says-worst-of-bitcoin-could-come-in-next-few-weeks">Analyst Who Nailed 2021 Crypto Collapse Now Says Worst Of Bitcoin Could Come In Next Few Weeks</a></li>
</ul>

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

Cryptocurrency

$DOGE

Hold Dogecoin Until March 24, Says Top Crypto Trader Expecting 'Nice Pumps:' But Look Out For These 'Sell' Signals

The US automotive industry is appealing to Washington lawmakers to gradually phase out electric-vehicle (EV) tax credits over several years, rather than abruptly ending them.
What Happened: Automakers such as General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) are among those advocating for the continuation of certain EV incentives included in the Inflation Reduction Act passed under the administration of former President Joe Biden, reported <a href="https://www.bloomberg.com/news/articles/2025-02-12/us-carmakers-push-for-ev-tax-credits-to-be-phased-out-over-years">Bloomberg</a>. They propose a three-year phase-out period for these incentives to give them enough time to reduce battery and EV costs so that they can sell EVs at a lower cost without government support.
Now President Donald Trump&#8216;s administration is contemplating the removal of policies favoring EVs, which could put these investments at risk. The automakers are also apprehensive about potential new tariffs that could significantly affect US car manufacturers.
GM CEO Mary Barra met with Trump recently and talked about tariffs and the potential impact of administrative policies on the U.S. auto industry. Meanwhile, Ford CEO Jim Farley told Bloomberg, "We've already sunk capital. And many of those jobs will be at risk if the IRA is repealed, [if] big parts of it [are] repealed."
The IRA extends consumer tax credits for EV buyers and subsidies for U.S. battery manufacturers for ten years. Automakers are striving to retain as many of these incentives as possible.
However, this push for credits contrasts with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk&#8216;s stance, as he has advocated for the elimination of EV subsidies.
SEE ALSO: <a href="https://www.benzinga.com/startups/25/02/43572782/gm-ceo-on-trumps-trade-threats-we-can-adjust-to-anything-automaker-braces-for-25-tariffs-on-popular-cars-made-in-mexico-and-canada">GM CEO on Trump&#8217;s Trade Threats: &#8216;We Can Adjust to Anything&#8217;—Automaker Braces for 25% Tariffs on Popular Cars Made in Mexico And Canada</a>
Why It Matters: The industry asserts that thousands of jobs are reliant on EVs and numerous EV and battery factories are situated in Republican states, forming the U.S. &#8220;Battery Belt&#8221;. These automakers have invested billions in constructing EV and battery manufacturing facilities in the U.S., backed by IRA subsidies. The U.S. has already allocated $200 billion to generate 200,000 electric vehicle-related jobs in 12 states, the American EV Jobs Alliance portal indicates.
With President Trump in office and Elon Musk pushing for government cost-cutting, the EV tax credit faces the risk of significant reductions.
Furthermore, a new wave of tariffs threatens to <a href="https://www.benzinga.com/25/02/43591152/tariffs-trade-wars-teslas-dilemma-is-the-ev-boom-hitting-a-roadblock">disrupt the auto industry</a>, with US automakers caught in the middle. If tariffs on Canadian and Mexican auto imports are reinstated, car prices could increase by up to $3,000, according to Bloomberg. Tesla and other EV manufacturers are also resisting steep new tariffs on Chinese graphite, a critical battery component. These trade tensions could fuel cost inflation across the industry, threatening EV adoption.
Moreover, some EVs depend completely on tax credits to stay competitive. Hence, rolling back this incentive could force such car manufacturers to either absorb significant losses or discontinue the models altogether.
While the shares of General Motors have gained more than 18% over the year, Ford Motor stock has plunged over 29% in the same period. 
<ul>
<li>READ MORE: <a href="https://in.benzinga.com/startups/25/02/43644403/elon-musk-you-cant-stop-the-advent-of-electric-cars-says-ev-success-is-as-inevitable-as-cars-replacing-horses">Elon Musk: &#8216;You Can&#8217;t Stop The Advent Of Electric Cars&#8217;—Says EV Success Is As Inevitable As Cars Replacing Horses</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.

TSLA

Tesla Rivals Call For Gradual Elimination Of EV Tax Credits: 'Many Of Those Jobs Will Be At Risk'

The appeal seeks review of the International Trade Commission (ITC) decision to reverse the Administrative Law Judge's (ALJ) prior determination that Voltage's LYNX trunk bus products infringe Shoals' '153 Patent.
In the filing, Shoals requests that the Federal Circuit Court of Appeals review and overturn the ITC's interpretation of the Shoals '153 Patent. The review would be on a "de novo" basis, meaning the court will review the interpretation without deferring to the ITC's latest determination. A favorable appeal should result in the Federal Circuit either finding infringement or remanding the case to the ITC to apply the ALJ's interpretation of the ‘153 Patent. Shoals is confident that under the proper interpretation, the ALJ's initial determination finding that Voltage did in fact violate Section 337 of the Tariff Act of 1930 by importing infringing LYNX trunk bus products into the United States, will be upheld.

SHLS

Reported Earlier, Shoals Technologies Appeals ITC Reversal To Federal Circuit, Secures New ITC Investigation Against Voltage

Fuel supply agreement strengthens reliability, lowers costs, and powers growth

Reported Earlier, Entergy Texas Joins Forces With Kinder Morgan, Golden Pass LNG To Secure Reliable Energy Supply For Southeast Texas

On Tuesday, Apple Inc. quietly rolled out a purchase migration feature, allowing users to consolidate purchases made on a secondary account into their primary one.&nbsp;
What Happened: The change was detailed in a newly published support document, which outlines the exact process and requirements for migrating purchases.
Who Can Use It: The feature is not available to users in the EU, U.K., or India. Family Sharing must be turned off. The primary account must have made at least one purchase or download for migration to be possible. For users who meet all the required conditions, the "Migrate Purchases" option will appear in the device settings.
See Also: <a href="https://www.benzinga.com/24/12/42384578/iphone-charging-cables-arent-all-safe-how-hackers-turn-them-into-tools-of-espionage">Not All iPhone Charging Cables Are Safe: Here&#8217;s How Hackers Turned Them Into Tools Of Espionage</a>
How To Migrate Purchases
Step I: Open the Settings app on an iPhone or iPad and tap on your Apple Account name at the top.
Step II: Select &#8220;Media &amp; Purchases&#8221;
Step III: Tap &#8220;View Account&#8221; and sign in if required
Step IV: Scroll down and select &#8220;Migrate Purchases&#8221;
Step V: Follow the on-screen instructions to complete the transfer
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The feature is designed for users who have been using separate Apple Accounts for different services—such as one for iCloud and another for buying apps, media, and subscriptions.
While Apple's Family Sharing has long allowed purchases to be shared among different accounts, this new feature lets users fully transfer their purchased content to a single Apple Account, eliminating the need to manage multiple Apple IDs for purchases.
Users have long been waiting for this feature.
<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">In the category of I thought this would never, ever happen: Apple is finally. Yes, finally, allowing users to (kind-of) merge their Apple IDs. <a href="https://t.co/oXsX46vqZP">https://t.co/oXsX46vqZP</a>
&mdash; Mark Gurman (@markgurman) <a href="https://twitter.com/markgurman/status/1889458466613281098?ref_src=twsrc%5Etfw">February 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The move also comes as Apple continues refining its Apple Account system, rebranding it <a href="https://www.benzinga.com/news/23/11/35960221/apple-id-hack-and-phone-number-change-leave-users-without-icloud-no-help-from-iphone-maker">from Apple ID</a> to &#8220;Apple Account&#8221; <a href="https://www.benzinga.com/25/01/42907928/apples-alarm-issue-persists-ios-18-fails-to-fix-the-longstanding-problem-leaving-users-oversleeping">with iOS 18</a>.
Image via Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41061167/ios-18-includes-apples-new-passwords-app-with-end-to-end-encryption-heres-how-you-use-it" target="_blank" rel="noreferrer noopener">iOS 18 Includes Apple's New Passwords App with End-to-End Encryption: Here's How You Use It</a></li>
</ul>
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.

Tech

Apple ID Switching No Longer Needed — Here's How To Migrate Your Apps, Music, Or Subscriptions

Zurn Elkay has agreed to repurchase from the underwriters 1,636,905(or approximately $55,000,000) of such shares of common stock at a price per share equal to the price per share paid by the underwriter to the selling stockholder in the offering. The underwriters will have a 30-day option to purchase up to an additional 1,162,500 shares of common stock from the selling stockholder. The selling stockholder will receive all of the net proceeds from the offering. No shares are being sold by Zurn Elkay in the offering.

Reported Earlier, Zurn Elkay Water Solutions Prices $271.25M Public Offering Of 7.75M Common Shares At $35/Share By Former Elkay Stockholder

Snap estimates that the net proceeds from the offering will be approximately $1,475.0 million, after deducting the initial purchasers' discounts and commissions and estimated expenses payable by Snap. Snap intends to use the net proceeds from the offering to repurchase an aggregate principal amount of (i) $45.3 million of its outstanding convertible senior notes due 2026, or the 2026 notes, (ii) $797.4 million of its outstanding convertible senior notes due 2027, or the 2027 notes, and (iii) $800.0 million of its outstanding convertible senior notes due 2028, or the 2028 notes, for an aggregate repurchase price of $1,445.1 million. Snap intends to use the remaining net proceeds from the offering for general corporate purposes, including working capital, operating expenses, capital expenditures, acquisitions of complementary businesses, or other repurchases of Snap's securities.

SNAP

Reported Earlier, Snap Prices $1.5B Upsized 6.875% Senior Notes Due 2033

J.P. Morgan analyst Tessa Romero has maintained their bullish stance on EWTX stock, giving a Buy rating yesterday. Tessa Romero's rating is based o...

Buy Rating for Edgewise Therapeutics Driven by Promising CANYON Trial Results

Evercore ISI analyst Cory Kasimov raised the firm's price target on Edgewise Therapeutics (EWTX) to $50 from $45 and keeps an Outperform rating on ...

Edgewise Therapeutics price target raised to $50 from $45 at Evercore ISI

Edgewise: Remains A Buy After Latest Becker Muscular Dystrophy Data

There's a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Vir Biotechnology (VIR – Research Report), Edgewise ...

Analysts Offer Insights on Healthcare Companies: Vir Biotechnology (VIR), Edgewise Therapeutics (EWTX) and Avadel Pharmaceuticals (AVDL)

Truist Financial analyst Srikripa Devarakonda maintained a Buy rating on Edgewise Therapeutics (EWTX – Research Report) today. The company's shares...

Truist Financial Remains a Buy on Edgewise Therapeutics (EWTX)

Paul Matteis, an analyst from Stifel Nicolaus, has initiated a new Hold rating on Edgewise Therapeutics (EWTX). Paul Matteis has given his Hold rat...

Cautious Hold Rating for Edgewise Therapeutics Amid Uncertain Differentiation and Efficacy

Stifel initiated coverage of Edgewise Therapeutics (EWTX) with a Hold rating and $30 price target The firm says that while Edgewise has "very inter...

Edgewise Therapeutics initiated with a Hold at Stifel

Edgewise Therapeutics ( ($EWTX) ) just unveiled an update. On January 8, 2025, Edgewise Therapeutics announced the promotion of Behrad Derakhshan t...

Edgewise Therapeutics Promotes Derakhshan to COO Role

Edgewise rated as a new Hold at Stifel on a balanced risk-reward setup

Baron Health Care Fund Q4 2024 Shareholder Letter

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Press Releases

Edgewise Therapeutics to Host Webcast Event to Discuss Top-Line Data from Phase 1 trial in Healthy Subjects and Phase 2 CIRRUS-HCM Trial in Patients with Obstructive Hypertrophic Cardiomyopathy (HCM) on Thursday, September 19 at 8:30 am Eastern Time

Edgewise Therapeutics Announces Positive Top-Line Data from Phase 1 Trial in Healthy Subjects and Phase 2 CIRRUS-HCM Trial in Patients with Obstructive Hypertrophic Cardiomyopathy (HCM)

Edgewise Therapeutics to Present on Sevasemten (EDG-5506) for Becker Muscular Dystrophy (Becker) at the 29th International Annual Congress of the World Muscle Society

Edgewise Therapeutics Reports Third Quarter 2024 Financial Results and Recent Business Highlights

Edgewise Therapeutics to Present at the Piper Sandler 36th Annual Healthcare Conference on December 3, 2024

Edgewise Provides Statement Regarding Company's Relationship with Dr. Han Phan at Rare Disease Research

Edgewise Therapeutics Announces Positive Topline Results from the CANYON Phase 2 Trial of Sevasemten in Individuals with Becker Muscular Dystrophy (Becker)

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