First Trust Exchange-Traded Fund VI First Trust New Constructs Core Earnings Leaders ETF (ARCA: FTCE)

Dernières nouvelles pour First Trust Exchange-Traded Fund VI First Trust New Constructs Core Earnings Leaders ETF (ARCA:FTCE)

First Trust Exchange-Traded Fund VI First Trust New Constructs Core Earnings Leaders ETF

Technology

Consumer Cyclical

Healthcare

Financial Services

Industrials

Consumer Defensive

Energy

Real Estate

Basic Materials

Utilities

Other

Communication Services

The Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the total return performance of the Index. The Fund will generally employ a full replication strategy, meaning that it will normally invest in all of the securities comprising the Index in proportion to their weightings in the Index. The Index is determined, composed and calculated by Bloomberg Index Services Limited (BISL or the Index Provider). The Index Provider reserves the right to make exceptions when applying the methodology if the need arises to ensure that the Index continues to achieve its objective. In addition, the Index Provider may revise Index policy covering rules for selecting companies, treatment of dividends, share counts or other matters. First Trust Advisors L.P., the Fund's investment advisor, maintains no discretion with regard to the compilation and composition of the Index or any changes thereto.

Yum Brands Inc.

Apple Inc

Nvidia Corp.United States -Information Technology

Ford Motor Credit

Broadcom Inc

Oracle Ord

Mastercard Inc

Intl. Bus. Machines Corp.

Walt Disney Co

AT&T Inc.

Chevron Corp

General Motors Co. ( gm )

Spotify Technology SA

Eli Lilly And Company

First Trust New Constructs Core Earnings Leaders ETF

President Donald Trump defended Qatar&#8217;s offer of a Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 747-8 jumbo jet reportedly valued at $400 million, dismissing critics and declaring that &#8220;only a fool would not accept this gift on behalf of our Country.&#8221;
What Happened: Former Republican presidential contender Nikki Haley swiftly criticized the arrangement, warning that &#8220;accepting gifts from foreign nations is never a good practice&#8221; and &#8220;threatens intelligence and national security.&#8221; 
Haley highlighted Qatar&#8217;s ties to terrorist organizations, adding that such an arrangement &#8220;implies the President and U.S. can be bought.&#8221;
<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">Accepting gifts from foreign nations is never a good practice. It threatens intelligence and national security. Especially when that nation supports a terrorist organization and allows those terrorist regimes to live on its soil. Regardless of how beautiful the plane may be, it…
&mdash; Nikki Haley (@NikkiHaley) <a href="https://twitter.com/NikkiHaley/status/1922266032976363701?ref_src=twsrc%5Etfw">May 13, 2025</a></blockquote>
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In a statement on Truth Social, Trump emphasized the aircraft would be given to the U.S. Air Force, not to him personally, serving as a temporary Air Force One until delayed replacements arrive. 
&#8220;Why should our military, and therefore our taxpayers, be forced to pay hundreds of millions of dollars when they can get it for free&#8230;,&#8221; Trump wrote.

<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14052252/Screenshot-2025-05-14-at-2.52.00%E2%80%AFPM-1024x697.png" alt="" class="wp-image-914682" style="width:539px;height:auto" /><figcaption class="wp-element-caption">Source: President Donald Trump&#8217;s post on Truth Social </figcaption></figure>
Billionaire investor Bill Ackman, CEO of Pershing Square, <a href="https://x.com/BillAckman/status/1922398382737240093">questioned</a> the inconsistency, asking why it was inappropriate for the Department of Defense to accept a plane from Qatar while &#8220;elite universities accept billions from Qatar.&#8221; 
Ackman later clarified he opposed both practices. &#8220;And both have national security implications,&#8221; he added. 
<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">To be clear, I am opposed to both.
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1922398382737240093?ref_src=twsrc%5Etfw">May 13, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/25/05/45399438/smci-rated-outperform-by-raymond-james-amid-dominance-in-branded-ai-server-market">SMCI Stock In &#8216;Sweet Spot,&#8217; Says Raymond James — Sets $41 Price Target As AI Revenue Hits 70%</a>
Why It Matters: Former Treasury Secretary Larry Summers compared the situation to <a href="https://www.benzinga.com/25/05/45364595/trumps-qatar-plane-a-reckless-disregard-for-national-security-says-jack-reed-betrayl-of-trust-in-protecting-us-sovereignty">&#8220;banana-republic-level corruption&#8221;</a> on social media, suggesting potential tax implications and questioning why universities face scrutiny for accepting Qatari research funds while the president receives a lavish gift.
White House Press Secretary Karoline Leavitt defended the arrangement, stating the gift &#8220;<a href="https://www.benzinga.com/25/05/45340930/trumps-400-million-boeing-jet-gift-from-qatar-sparks-outcry-from-larry-summers-peter-schiff-banana-republic-level-corruption">complies with all applicable laws</a>&#8221; and emphasizing the administration&#8217;s commitment to &#8220;full transparency.&#8221; According to sources cited by ABC News, the aircraft would transfer to the Trump Presidential Library Foundation by January 2029 after Trump&#8217;s term ends.
Sen. Jack Reed (D-R.I.), <a href="https://www.benzinga.com/25/05/45364595/trumps-qatar-plane-a-reckless-disregard-for-national-security-says-jack-reed-betrayl-of-trust-in-protecting-us-sovereignty">ranking member</a> on the Senate Armed Services Committee, warned of &#8220;counterintelligence risks&#8221; from using a foreign-donated plane. 
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

News

Politics

Opinion

As Nikki Haley Slams Trump's $400 Million Boeing Jet Gift From Qatar, Bill Ackman Cites National Security Implications: 'Only A Fool Would Not Accept This,' Says President

Astronautics company, Intuitive Machines Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>), unveiled plans for its Near Space Network Services (NSNS) program, highlighting a strategic pivot toward recurring, high-margin revenue from lunar orbit infrastructure.
What Happened: During its <a href="https://benzinga.com/25/05/45378821/intuitive-machines-q1-earnings-revenue-up-14-im-3-mission-remains-on-track-company-affirms-fy25-guidance">first quarter earnings</a> call on Tuesday, the company positioned its satellite-based relay and navigation network as a cornerstone of its long-term growth model.
&#8220;The Lunar Data Satellite constellation portion of NSNS is designed to provide secure and continuous connectivity for navigation, command, and control of spacecraft,&#8221; CEO Stephen Altemus says, adding that it will be used to serve a &#8220;wide array of customers while driving higher margin recurring revenue streams.&#8221;
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45399940/warren-buffett-shows-how-patience-pays-98-of-his-160-billion-wealth-came-after-turning-65-thanks-the-power-of-compound-interest">Warren Buffett Shows How Patience Pays: 98% Of His $160 Billion Wealth Came After Turning 65, Thanks The Power Of &#8216;Compound Interest&#8217;</a>
Altemus says that its customers include NASA, from which it has already secured an $18 million task order under its Commercial Lunar Payload Services (CLPS) program. He also expects this infrastructure to be used by &#8220;future commercial customers operating on or around the Moon.&#8221;
The company&#8217;s CFO, Peter McGrath, said during the call that, &#8220;We're building the assets, they're capital assets that we own. And then we're going to be selling them as a service.&#8221; 
He then compared the NSNS business model to commercial satellite networks like Globalstar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>) or Iridium Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>), citing its potential to generate stable, service-based revenue.
The company expects to launch its first NSNS data relay satellite alongside its IM-3 lunar delivery mission in the first half of 2026.
Why It Matters: Intuitive has been dubbed one of the <a href="https://benzinga.com/general/space/25/01/42828631/exclusive-rocket-lab-intuitive-machines-redwire-or-ast-spacemobile-33-of-readers-pick-this-space-stock-for-2025">leading space stocks</a> to watch as the industry scales new heights, as the company carves out a niche for itself in Lunar exploration, becoming a critical partner for NASA&#8217;s Artemis Program. 
During its <a href="https://benzinga.com/25/05/45378821/intuitive-machines-q1-earnings-revenue-up-14-im-3-mission-remains-on-track-company-affirms-fy25-guidance">first quarter results</a> on Tuesday, Intuitive reported $62.5 million in revenue, up 14% from the prior quarter, with $272.34 million in order backlog towards the end of the quarter. 
Price Action: The stock was up 22.42% on Tuesday, trading at $11.63 per share, and is up 2.75% after hours.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="137" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14050902/Screenshot-2025-05-14-at-2.38.45-PM-1024x137.png" alt="" class="wp-image-914660" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14050902/Screenshot-2025-05-14-at-2.38.45-PM-1024x137.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14050902/Screenshot-2025-05-14-at-2.38.45-PM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14050902/Screenshot-2025-05-14-at-2.38.45-PM-768x103.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14050902/Screenshot-2025-05-14-at-2.38.45-PM-1536x205.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14050902/Screenshot-2025-05-14-at-2.38.45-PM.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
For more insights on the stock's score, sign up for&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</a>.
Read More: 
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<li><a href="https://www.benzinga.com/25/05/45400104/elon-musk-says-mohammed-bin-salman-and-trump-were-impressed-with-tesla-optimus-as-the-humanoid-robot-danced-to-ymca">Elon Musk Says Mohammed Bin Salman And Trump Were &#8216;Impressed&#8217; With Tesla Optimus As The Humanoid Robot Danced To &#8216;YMCA&#8217;</a></li>
</ul>
Image Via Shutterstock

Earnings

Equities

SPACE

Markets

GSAT

IRDM

LUNR

Intuitive Machines Plans 'Higher-Margin Recurring Revenue Streams' By Putting Satellites Around The Moon—Scores $18 Million NASA Task Order

RKLB

Rocket Lab Completes Two Earth Return Missions in Two Months, Supports Varda Space's W-3 Capsule Recovery on May 14

BlackRock Canada Declares May 2025 Cash Distributions for TSX- and Cboe-Listed Monthly iShares ETFs, Including XIU And  ETF XRB

The recent trade agreement between the&nbsp;U.K.&nbsp;and the&nbsp;U.S.&nbsp;has been met with disapproval from&nbsp;China, potentially adding more complexity to London&#8217;s ongoing efforts to rebuild its relations with Beijing.
What Happened: The trade pact, which imposes strict security measures on Britain&#8217;s steel and pharmaceutical sectors, is the first of its kind since the U.S. introduced &#8220;reciprocal tariffs&#8221; last month. China&#8217;s foreign ministry expressed that it is a &#8220;fundamental principle&#8221; that agreements between nations should not be aimed at other countries, <a href="https://www.ft.com/content/52f7be1c-e708-4b01-b486-7f189a52c842">reported</a> the Financial Times.
This situation puts London in a delicate position between the two economic powers and may further complicate the U.K. government&#8217;s efforts to rebuild ties with China. Beijing cautioned countries against trade deals with the U.S. that could harm Chinese interests, concerned that President Trump may use such agreements to push China out of supply chains.
"Co-operation between states should not be conducted against or to the detriment of the interests of third parties,"&nbsp; the Chinese foreign ministry told the publication. 
Meanwhile, Zhang Yansheng, a senior researcher at the China Academy of Macroeconomic Research, saw this as Washington&#8217;s attempt to &#8220;isolate&#8221; China. According to him, "This type of poison pill clause is actually worse than the tariffs." Yansheng urges China to discuss the matter with the U.K. without any retaliation.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45384934/dogecoin-shiba-inu-surge-over-25-in-7-days-what-is-going-on" target="_blank" rel="noreferrer noopener">Dogecoin, Shiba Inu Surge Over 25% In 7 Days: What Is Going On? &#8211; Benzinga</a>
Why It Matters: This development follows the&nbsp;<a href="https://www.benzinga.com/politics/25/05/45293839/trump-starmer-strike-us-uk-trade-deal-steel-cars-beef">US-UK trade deal</a>&nbsp;that was sealed earlier this month, aimed at cutting tariffs, boosting industrial ties and securing billions in new market access. The trade agreement also entails reductions in punitive U.S. tariffs on U.K. car and steel exports, though it stops short of fully eliminating the baseline 10% tariff on British goods. Tariff relief for British products depends on the outcome of Section 232 investigations, which assess how certain imports affect U.S. national security.
However, the deal <a href="https://www.benzinga.com/25/05/45314561/trumps-uk-trade-deal-draws-criticism-from-ford-gm-stellantis-this-hurts-american-automakers-suppliers-and-auto-workers">drew criticism</a> from American automakers, including&nbsp;Ford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), who feared it could harm the U.S. auto industry. 
Furthermore, Chinese President Xi Jinping on Tuesday <a href="https://www.benzinga.com/markets/25/05/45374966/xi-jinping-warns-bullying-and-hegemony-will-only-result-in-self-isolation-in-first-remarks-since-us-china-tariff-suspension">warned </a>that &#8220;bullying and hegemony will only result in self-isolation,&#8221; in his first remarks since the 90-day U.S.-China tariff suspension. This statement indirectly referred to the U.S. and could be seen as a cautionary message to other nations, including the U.K.
In response to China&#8217;s criticism U.K. government stated, &nbsp;"trade and investment with China remain important to the U.K." and that it would continue &#8220;to engage pragmatically in areas that are rooted in U.K. and global interests".
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/25/05/45314762/charlie-munger-was-once-asked-why-warren-buffett-was-so-much-richer-and-replied-he-got-an-earlier-start-before-adding-why-was-albert-einstein-poorer-than-i-was" target="_blank" rel="noreferrer noopener">Charlie Munger Was Once Asked Why Warren Buffett Was So Much Richer — He Replied, &#8216;He Got An Earlier Start,&#8217; Then Added, &#8216;Why Was Albert Einstein Poorer Than I Was?&#8217; &#8211; Benzinga</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.

STLA

China Slams UK-US Trade Pact, Finds It 'Against' Its Interests: 'This Type Of Poison Pill Clause Is Actually Worse Than The Tariffs'

Shares of Everus Construction Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECG#NYSE">ECG</a>) rose sharply in today's pre-market trading after the company<a href="https://www.benzinga.com/quote/ECG"> posted better-than-expected first-quarter results.</a>
Everus Construction Group reported quarterly earnings of 72 cents per share which beat the analyst consensus estimate of 43 cents per share. The company reported quarterly sales of $826.63 million which beat the analyst consensus estimate of $676.35 million.
Everus Construction shares jumped 14.7% to $59.00 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>HWH International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) rose 84.2% to $2.21 in pre-market trading after gaining 4% on Tuesday.</li>
<li>Innovative Eyewear, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUCY#NASDAQ">LUCY</a>) surged 54.1% to $3.05 in pre-market trading as the company posted a narrower-than-expected quarterly loss.</li>
<li>La Rosa Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRHC#NASDAQ">LRHC</a>) gained 40.2% to $0.1963 in pre-market trading.</li>
<li>Allurion Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALUR#NASDAQ">ALUR</a>) jumped 31% to $3.09 in pre-market trading.</li>
<li>DevvStream Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DEVS#NASDAQ">DEVS</a>) gained 30.2% to $0.7422 in pre-market trading after the company signed a MoU with Fayafi Investment Holding to explore creation of &#8220;Fayafi x DevvStream Green Ventures.&#8221;</li>
<li>WEBUY GLOBAL LTD. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBUY#NASDAQ">WBUY</a>) surged 21.9% to $8.84 in pre-market trading after dipping more than 18% on Tuesday.</li>
<li>FingerMotion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNGR#NASDAQ">FNGR</a>) climbed 16.4% to $5.10 in pre-market trading after gaining 24% on Tuesday.</li>
<li>DBV Technologies S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBVT#NASDAQ">DBVT</a>) gained 16.3% to $12.78 in pre-market after gaining 8% on Tuesday.</li>
<li>Absci Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABSI#NASDAQ">ABSI</a>) gained 13.9% to $3.37 in pre-market trading after the company reported better-than-expected quarterly financial results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>Polyrizon Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLRZ#NASDAQ">PLRZ</a>) shares fell 44.2% to $0.0159 in pre-market trading after dipping 92% on Tuesday.</li>
<li>TEN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XHLD#NASDAQ">XHLD</a>) fell 35.3% to $0.89 in pre-market trading after jumping 112% on Tuesday.</li>
<li>Accelerate Diagnostics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXDX#NASDAQ">AXDX</a>) fell 33% to $0.0590 in today's pre-market trading after tumbling 34% on Tuesday.</li>
<li>X3 Holdings Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) shares dipped 24.2% to $1.60 in pre-market trading after gaining 88% on Tuesday.</li>
<li>Actelis Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) fell 21.3% to $0.63 in pre-market trading after posting weak quarterly sales.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) shares fell 16.7% to $6.11 in pre-market trading after Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) announced plans to sell some of its Aurora Innovation stake in a senior notes offering.</li>
<li>Abpro Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABP#NASDAQ">ABP</a>) dipped 16.2% to $0.1719 in pre-market trading.</li>
<li>GRAIL, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAL#NASDAQ">GRAL</a>) shares tumbled 14.1% to $36.86 in pre-market trading after reporting weak quarterly sales.</li>
<li>American Eagle Outfitters, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) declined 13.8% to $10.96 in pre-market trading after the company guided first-quarter revenue down and withdrew FY25 guidance.</li>
<li>Allot Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) fell 8.1% to $7.79 in pre-market trading after gaining 8% on Tuesday.</li>
</ul>
Now Read This:
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<li> <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45375319/jim-cramer-ok-harrow-recommends-buying-this-energy-stock">Jim Cramer Is &#8216;OK&#8217; With Harrow, Recommends Buying This Energy Stock</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

Movers

Trading Ideas

ABSI

ALLT

ALUR

ASNS

AXDX

DBVT

DEVS

FNGR

GRAL

LRHC

LUCY

PLRZ

UBER

WBUY

XHLD

XTKG

Why Everus Construction Group Shares Are Trading Higher By Around 15%; Here Are 20 Stocks Moving Premarket

Chinese e-commerce company, JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) is shaking up China&#8217;s food delivery market with its bold zero-commission model, while taking aim at the global meal delivery scene as well.
What Happened: During its <a href="https://www.benzinga.com/news/earnings/25/05/45385027/jd-com-clocks-strong-q1-retail-and-logistics-growth-fueled-by-cash-burn">first quarter earnings call</a> on Tuesday, JD.com&#8217;s CEO, Sandy Xu said that the company has rapidly scaled its food delivery operation, now approaching 20 million daily orders just months after launch.
The business, she stressed, is not a standalone service but deeply integrated into JD's broader retail ecosystem, allowing the company to pursue sustainable scale without charging high commissions and fees. 
See Also: <a href="https://www.benzinga.com/government/regulations/25/05/45399804/robert-kennedy-jr-cheers-fda-plan-to-ban-fluoride-supplements-for-children-calls-move-long-overdue">Robert Kennedy Jr. Cheers FDA Plan To Ban Fluoride Supplements For Children, Calls Move &#8216;Long Overdue&#8217;</a>
JD's pricing strategy is rooted in what Xu called the company's long-standing &#8220;$0.35 principle,&#8221; a philosophy set by its founder, Liu Qiangdong, which prioritizes modest margins over aggressive markups. 
We insist on &#8220;taking only reasonable profit,&#8221; Xu says, adding that the company&#8217;s decision to lower commission rates and boost traffic for high-quality merchants is designed to help sellers focus on food quality over platform costs. &#8220;This is a positive cycle,&#8221; she says. 
Why It Matters: This approach stands in stark contrast with DoorDash Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>), Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), and GrubHub, which have come under scrutiny for the high commissions they charge restaurants, resulting in <a href="https://www.benzinga.com/news/20/04/15794004/uber-eats-grubhub-others-sued-for-hiking-fees-charged-to-restaurants-for-deliveries-during-pandemic">them being sued</a> over the years.
Uber recently filed a <a href="https://benzinga.com/25/02/43764119/uber-files-a-lawsuit-action-against-doordash-over-anticompetitive-conduct-underhanded-tactics-have-cost-uber-millions-of-dollars-in-revenue">lawsuit against DoorDash</a>, accusing the rival delivery platform of engaging in underhanded tactics and anti-competitive practices that it claims have driven up costs for both restaurants and consumers.
During its <a href="https://www.benzinga.com/news/earnings/25/05/45385027/jd-com-clocks-strong-q1-retail-and-logistics-growth-fueled-by-cash-burn">first quarter</a>, JD reported $41.5 billion in revenue, up 15.8% year-over-year, and beating consensus estimates at $40.2 billion. It posted a profit of $1.16 per share, compared to estimates at $1.05.
Price Action: The stock was up 3.33% on Tuesday, trading at $37.25 per share on the Nasdaq, but is down 2.42% after hours, following its first quarter results.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="137" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14041521/Screenshot-2025-05-14-at-1.45.07-PM-1024x137.png" alt="" class="wp-image-914589" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14041521/Screenshot-2025-05-14-at-1.45.07-PM-1024x137.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14041521/Screenshot-2025-05-14-at-1.45.07-PM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14041521/Screenshot-2025-05-14-at-1.45.07-PM-768x103.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14041521/Screenshot-2025-05-14-at-1.45.07-PM-1536x205.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14041521/Screenshot-2025-05-14-at-1.45.07-PM.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
For more insights on JD.com&#8217;s stock score and price trends, sign up for&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</a>.
Read More: 
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<li><a href="https://www.benzinga.com/markets/25/05/45399081/alphabets-value-could-skyrocket-to-3-7-trillion-with-googles-big-bang-breakup-over-isolated-spin-offs-says-analyst">Alphabet&#8217;s Value Could Skyrocket To $3.7 Trillion With Google&#8217;s &#8216;Big Bang Breakup&#8217; Over &#8216;Isolated Spin-Offs,&#8217; Says Analyst</a></li>
</ul>
Image Via Shutterstock

Restaurants

DASH

'Only Reasonable Profits:' JD.com Takes Aim At Global Food Delivery Economics With Zero-Commission Model—Revives Founder's '$0.35 Principle'

<a href="https://www.wsj.com/business/autos/baidu-eyes-european-debut-for-driverless-taxi-5276eea6" title="https://www.wsj.com/business/autos/baidu-eyes-european-debut-for-driverless-taxi-5276eea6">https://www.wsj.com/business/autos/baidu-eyes-european-debut-for-driverless-taxi-5276eea6</a>

Tech

BIDU

The Wall Street Journal Reported Tuesday, Baidu To Start Testing Robotaxis in Switzerland by End-2025, Partnering With PostAuto; Turkey Robotaxi Tests Also Planned

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk revealed that both Saudi Crown Prince Mohammed bin Salman and U.S. President Donald Trump were impressed by the company&#8217;s Optimus humanoid robot during a demonstration in Riyadh, where the robot danced to &#8220;YMCA.&#8221;
What Happened: &#8220;We just showed several of our Tesla Optimus robots to His Highness and President Trump, and I think they were very impressed,&#8221; Musk said at a Saudi economic forum. &#8220;In fact, one of our robots did the Trump dance, which I thought was pretty cool.&#8221;
The &#8220;Trump dance&#8221; refers to a signature dance move Trump has performed at rallies, often to the song &#8220;YMCA.&#8221;
The demonstration comes as Tesla officially begins selling its vehicles in Saudi Arabia, with a launch event showcasing its global lineup, including the <a href="https://www.benzinga.com/25/04/44728787/tesla-to-make-saudi-arabia-debut-amid-infrastructure-challenges?utm_source=chatgpt.com">Cybercab and Optimus robots</a>. 
The expansion marks a significant shift in <a href="https://www.benzinga.com/25/04/44728787/tesla-to-make-saudi-arabia-debut-amid-infrastructure-challenges?utm_source=chatgpt.com">relations between Musk and Saudi Arabia&#8217;s Public Investment Fund</a>, which were previously strained during Tesla&#8217;s &#8220;funding secured&#8221; controversy in 2018.
See Also: <a href="https://www.benzinga.com/news/earnings/25/05/45398341/how-to-earn-500-a-month-from-cisco-stock-ahead-of-q3-earnings">How To Earn $500 A Month From Cisco Stock Ahead Of Q3 Earnings</a>
Musk predicted a future where humanoid robots would become ubiquitous, comparing them to &#8220;personal C-3PO or R2-D2&#8221; assistants from Star Wars. &#8220;My prediction for humanoid robots is that ultimately there will be tens of billions,&#8221; he said. &#8220;I think everyone will want to have their own personal robot.&#8221;
The billionaire entrepreneur emphasized the economic potential of robotics, suggesting they could create &#8220;an economy 10 times the size of the current global economy&#8221; and lead to &#8220;universal high income.&#8221;
Why It Matters: Despite Musk&#8217;s optimism, Tesla faces challenges in Optimus production. During the company&#8217;s recent earnings call, Musk acknowledged supply chain constraints, including <a href="https://www.benzinga.com/news/25/04/44998310/tesla-optimus-robot-hit-by-chinas-rare-earths-crackdown-elon-musk-says-thousands-may-be-ready-by-yea?utm_source=chatgpt.com">China&#8217;s new export restrictions on rare earth magnets</a> essential for the robot&#8217;s actuators.
The Saudi expansion aligns with the kingdom&#8217;s ambitious plans to <a href="https://www.benzinga.com/25/04/44728787/tesla-to-make-saudi-arabia-debut-amid-infrastructure-challenges?utm_source=chatgpt.com">produce 500,000 battery-powered vehicles</a> by 2030. 
Image Via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/05/45398101/microsoft-to-cut-6000-jobs-in-global-restructuring-joins-meta-and-amazon-in-trimming-workforce-amid-ai-driven-shift">Microsoft To Cut 6,000 Jobs Globally Amid AI-Driven Shift, Says Changes Necessary To &#8216;Best Position The Company For Success&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

TSLA

Elon Musk Says Mohammed Bin Salman And Trump Were 'Impressed' With Tesla Optimus As The Humanoid Robot Danced To 'YMCA'

ADCT

AEVA

AFCG

ARCO

ATER

AYTU

BCDA

BITF

BNGO

The Beachbody Company, Inc. Class A Common Stock

BODI

BOOT

BRTX

BZAI

CAAS

CANG

CCAP

CDXS

CELC

CLBT

CLSD

CREX

CSCO

CSPI

CSWC

CTSO

DAVA

DERM

DRIO

DYAI

EGAN

ELVA

EPSN

EWCZ

FIHL

FOSL

GCTS

GLBE

GROV

GWRS

HWKN

IBTA

ICCC

INVZ

IREN

ISSC

ITRG

JACK

KARO

KITT

KMDA

KRNT

LAZR

LDTC

LIEN

LIQT

LOCL

LUCD

LUXE

LVLU

MDXH

MGRM

MMYT

NEXN

NSYS

NTWK

NVGS

NYXH

ONCY

PDSB

PYPD

RCAT

RDCM

REKR

RELI

RSKD

SBLK

SCPH

SDHC

SDOT

SDST

SGML

SHIM

Earnings Scheduled For May 14, 2025

According to the recent data shared by Creative Planning, Inc., the &#8216;Oracle of Omaha,&#8217; Warren Buffett earned 98% of his current net worth after turning 65 years old.
What Happened: The 94-year-old veteran investor Buffett has a net worth of $160 billion according to Bloomberg&#8217;s Billionaire Index.
Peter Mallouk, the president and CEO of Creative Planning, shared data showcasing that the ace investor&#8217;s net worth stood at $3 billion nearly 34 years ago, when he was just 65.
His wealth has compounded by nearly 5,233% since then to $160 billion as of May 14. This shows that he earned 98% of his wealth after the age of 65.
Mallouk also quoted Buffett, highlighting that the growth in his wealth was possible through the power of compounding.
&#8220;My life has been a product of compound interest,&#8221; Buffett once said.
<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">Incredible stat: 98% of Warren Buffett&#39;s current net worth of $160 billion came after he turned 65. &quot;My life has been a product of compound interest.&quot; Warren Buffett <a href="https://t.co/w3LkerFZlY">pic.twitter.com/w3LkerFZlY</a>
&mdash; Peter Mallouk (@PeterMallouk) <a href="https://twitter.com/PeterMallouk/status/1922277145713557530?ref_src=twsrc%5Etfw">May 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45399288/kevin-oleary-lauds-robinhoods-acquisition-of-wonderfi-will-transform-cross-border-trading-">Kevin O&#8217;Leary Lauds Robinhood&#8217;s Acquisition Of WonderFi Will &#8216;Transform Cross-Border Trading:&#8217; &#8216;No More Outrageous Bank Fees&#8217;</a>
Why It Matters: Buffett holds his investments via the holding company, Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), which is headquartered in Omaha, Nebraska.
Known to be one of the best portfolio managers of all time, Buffett, via Berkshire, holds major investments in Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>).
BRK has returned 13.47% this year so far, while SPY is up 0.13%. This, as Berkshire is sitting on a cashpile worth $348 billion as of the first quarter of 2025.
Price Action: As of Tuesday, BRK closed -0.47% lower at $511.88 apiece. 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, ended on a positive note on Tuesday. The SPY was up 0.66% to $586.84, while the QQQ advanced 1.52% to $515.59, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Wednesday, the futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices were trading slightly above the flatline.
Read Next:
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</ul>
Image Via Shutterstock

Market Summary

Broad U.S. Equity ETFs

Futures

ETFs

General

AAPL

Warren Buffett Shows How Patience Pays: 98% Of His $160 Billion Wealth Came After Turning 65, Thanks The Power Of 'Compound Interest'

U.S. Health Secretary Robert Kennedy Jr. praised the Food and Drug Administration&#8217;s decision to begin removing fluoride supplements for children from the market, calling the move &#8220;long overdue.&#8221;
What Happened: The FDA announced on Tuesday that it&#8217;s initiating a process to eliminate these supplements, primarily given to children at high risk of dental cavities. The agency stated these products lack FDA approval and have been shown to alter the gut microbiome.
&#8220;Ending the use of ingestible fluoride is long overdue,&#8221; Kennedy said. Since taking office, Kennedy <a href="https://www.benzinga.com/news/24/11/41704387/robert-kennedy-jr-says-he-will-advise-all-us-water-systems-to-remove-fluoride-on-day-1-of-trump-admi">has opposed adding fluoride to tap water</a>, claiming, without conclusive scientific consensus, that U.S. fluoridation levels are linked to various health issues, including cancer.
The FDA has set October 31 as its target date for completing safety reviews and taking appropriate action following a public comment period.
See Also:<a href="https://www.benzinga.com/markets/equities/25/05/45397896/roger-federer-backed-on-holding-jumps-12-as-dtc-sales-soar-sneaker-price-hikes-coming-to-offset-tariffs-and-fuel-premium-growth"> Roger Federer-Backed On Holding Jumps 12% As DTC Sales Soar —Sneaker Price Hikes Coming To Offset Tariffs And Fuel Premium Growth</a>
Why It Matters: Dental health organizations promptly contested the move. American Dental Hygienists&#8216; Association President Erin Haley-Hitz said, according to Reuters, &#8220;There is no scientific evidence that fluoride at the recommended low levels affects gut microbiota.&#8221; She warned that removing fluoride resources could worsen oral health disparities in underserved communities.
The American Dental Association reaffirmed its support for community water fluoridation, citing studies showing it reduces tooth decay by over 25% in both children and adults, even with fluoride available from other sources like toothpaste.
This federal action follows Utah&#8217;s landmark decision in May to become the first U.S. state to ban fluoride in public water systems. Kennedy previously stated plans to direct the Centers for Disease Control and Prevention to stop recommending community fluoridation nationwide.
President Donald Trump, who appointed Kennedy as Health Secretary after winning the 2024 election, had earlier expressed support for Kennedy&#8217;s fluoride removal initiatives, stating last year, &#8220;<a href="https://www.benzinga.com/news/24/11/41704387/robert-kennedy-jr-says-he-will-advise-all-us-water-systems-to-remove-fluoride-on-day-1-of-trump-admi?utm_source=chatgpt.com">it sounds OK to me.</a>&#8220;
Image Via Shutterstock
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Regulations

Health Care

Robert Kennedy Jr. Cheers FDA Plan To Ban Fluoride Supplements For Children, Calls Move 'Long Overdue'

CLVT

Clarivate Announced The Incorporation Of Pathway Maps In OFF-X, A Cutting-edge Translational Safety Intelligence Solution

Prominent financial analyst Gordon Johnson has ignited discussion on social media, suggesting that a potential &#8220;Liberation Day 2.0&#8221; – an event triggering a significant equity market downturn – could be imminent.
What Happened: The CEO and Founder at GLJ Research, LLC, Johnson&#8217;s comments come as the yield on the 30-year U.S. Treasury note edges closer to the critical 5% mark, coinciding with a weakening U.S. dollar.
In a series of posts on X, Johnson engaged with another financial commentator, Capital Flows, regarding the interpretation of rising interest rates. While acknowledging the argument that higher 30-year yields could signal increased U.S. growth and inflation, Johnson questioned the concurrent decline of the Dollar Index.
&#8220;If rates are rising, while the DXY is falling, is that not indicative of stagflation, and money leaving the US?&#8221; Johnson queried. He also challenged the comparison of rising German 30-year yields, attributing it to a &#8220;repricing of risk&#8221; following the new government, given Germany&#8217;s relatively low debt-to-GDP ratio.
Johnson then drew parallels to a past market event. He pointed to the confluence of factors, including the previous administration&#8217;s trade policies with China and the current Republican party&#8217;s proposed budget, which he says would lead to a &#8220;$4tn increase in deficit.&#8221;
According to Johnson, these factors have contributed to the surge in yields to levels that previously prompted former Treasury official Scott Bessent to implement &#8220;Liberation Day 1.0,&#8221; an action that significantly spooked the stock market.
<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">4/5&#8230; do you not think Liberation Day 2.0 is coming&#8230; &amp; soon (i.e., an event that will crash equities)? That is, the bond mkt has shown it can break the Trump admin. at around a 5% yield on the 30yr; and guess what&#8230; we&#39;re nearly there. So, you think, with &gt;$8tn in&#8230; <a href="https://t.co/aVabn0ScoG">pic.twitter.com/aVabn0ScoG</a>
&mdash; Gordon Johnson (@GordonJohnson19) <a href="https://twitter.com/GordonJohnson19/status/1922454433884979701?ref_src=twsrc%5Etfw">May 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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His concern centers on the idea that the bond market previously demonstrated its power to pressure the prior administration when 30-year yields approached 5%. And that is when the Donald Trump-led administration announced a 90-day pause in reciprocal tariffs.
With yields nearing that threshold again, Johnson questioned whether current Treasury officials can allow equity markets to continue their upward trajectory, pushing Treasury yields higher and potentially jeopardizing the refinancing of the over $8 trillion in US debt due in 2025.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45399288/kevin-oleary-lauds-robinhoods-acquisition-of-wonderfi-will-transform-cross-border-trading-no-more-outrageous-bank-fees">Kevin O&#8217;Leary Lauds Robinhood&#8217;s Acquisition Of WonderFi Will &#8216;Transform Cross-Border Trading:&#8217; &#8216;No More Outrageous Bank Fees&#8217;</a>
Why It Matters: As of the publication of this piece, the 30-year Treasury yielded 4.91%, while the 10-year yields were at 4.46% and the 2-year Treasuries yielded 3.99%.
After Tuesday, the S&amp;P 500 index turned positive for the year, up 0.31% year-to-date. Meanwhile, Dow Jones was still down -0.59% YTD, and Nasdaq 100 was up 1.06%.
The Dollar Index spot was 0.07% lower at the 100.9300 level. Whereas, 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, ended on a positive note on Tuesday. The SPY was up 0.66% to $586.84, while the QQQ advanced 1.52% to $515.59, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45367861/ed-yardeni-revises-recession-odds-to-25-after-the-rally-bumps-sp-500-year-end-target-to-6500">Ed Yardeni Slashes Recession Odds To 25% After US Stocks Rally, Lifts S&amp;P 500 Year-End Target To 6,500</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Bob Korn via Shutterstock

Analyst Color

Macro Economic Events

Macro Notification

Bonds

Treasuries

Economics

Analyst Ratings

Gordon Johnson Warns Of Potential 'Liberation Day 2.0' As 30-Year Treasury Yields Approach 5% Amid Dollar Weakness

Institutional digital asset prime broker FalconX has formed a strategic partnership with Standard Chartered (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SCBFF#OTC">SCBFF</a>), strengthening connections between traditional banking and the rapidly expanding cryptocurrency market as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) trades near record highs.
What Happened: The collaboration, announced Wednesday, initially provides FalconX with access to Standard Chartered&#8217;s comprehensive banking services and extensive currency pairs, enhancing cross-border settlement capabilities for institutional clients.
&#8220;We are pleased to partner with Standard Chartered, one of the most forward-thinking global banks in digital asset adoption,&#8221; said Matt Long, General Manager for APAC &amp; Middle East at FalconX. &#8220;This relationship strengthens our ability to deliver robust banking and FX solutions to clients who rely on us to operate in crypto markets.&#8221;
See Also: <a href="https://www.benzinga.com/markets/bonds/25/05/45396490/peter-schiff-says-trade-truce-aside-the-world-is-losing-confidence-in-dollar-and-in-us-ability-to-put-fiscal-house-in-order">Peter Schiff Says Trade Truce Aside, The World Is &#8216;Losing Confidence&#8217; In Dollar And In US Ability To Put &#8216;Fiscal House In Order&#8217;</a>
Why It Matters: The partnership comes as Bitcoin continues its upward trajectory, trading above $103,000 after reaching <a href="https://www.benzinga.com/25/05/45396450/bitcoin-ethereum-dogecoin-pop-on-softer-inflation-analyst-says-cocktail-for-bitcoins-ballistic-rise-was-in-the-works">new all-time highs in recent weeks</a>. 
Standard Chartered&#8217;s Head of Digital Assets Research, Geoffrey Kendrick, recently revised his Bitcoin price forecast, suggesting his earlier $120,000 <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45281333/bitcoin-120000-price-target-may-be-too-low-says-standard-chartered-i-apologize">second quarter target may prove too conservative</a>.
&#8220;The dominant story for Bitcoin has changed again,&#8221; Kendrick noted in a client note earlier this month. &#8220;It is now all about flows.&#8221;
Luke Boland, Head of Fintech for ASEAN, South Asia &amp; GCNA at Standard Chartered, emphasized the bank&#8217;s commitment to the digital asset space: &#8220;As institutional demand for digital assets continues to grow, we&#8217;re proud to provide the banking infrastructure that enables firms like FalconX to deliver world-class trading and financing solutions.&#8221;
Price Action: Bitcoin is trading at $103,652. The cryptocurrency has gained 0.94% in the past 24 hours and is up 11.13%, year to date.
Photo Courtesy: MOZCO Mateusz Szymanski On Shutterstock.com
Read Next: 
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<li><a href="https://www.benzinga.com/25/05/45396450/bitcoin-ethereum-dogecoin-pop-on-softer-inflation-analyst-says-cocktail-for-bitcoins-ballistic-rise-was-in-the-works">Bitcoin, Ethereum, Dogecoin Pop As Inflation Numbers Softer Despite Trump Tariffs: Analyst Says Cocktail For BTC&#8217;s &#8216;Ballistic&#8217; Rise In The Works</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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

Cryptocurrency

$BTC

SCBFF

Standard Chartered Partners With FalconX To Fuel Institutional Crypto Access As Bitcoin Soars Past $103K

French authorities are on the hunt for armed men who attempted to kidnap a woman, believed to be the daughter of a cryptocurrency&nbsp;tycoon, on Tuesday.
What Happened: Three men in a van&nbsp;arrived in a busy street in Central Paris with the intent to kidnap the woman, <a href="https://www.leparisien.fr/faits-divers/tentative-denlevement-en-plein-paris-jai-vu-des-hommes-encagoules-et-armes-senfuir-13-05-2025-DM4IRACBTVCOPBAX7OUWAHVT7E.php">reported </a>Le Parisien, a French daily newspaper. 
The&nbsp;woman, who is the daughter&nbsp;of a cryptocurrency company&#8217;s CEO, was saved by her partner, who intervened and was subsequently assaulted by the kidnappers. The shocking incident was caught on camera
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45335756/cathie-wood-stands-firm-on-bold-700000-bitcoin-prediction-for-investors-says-bull-case-in-the-1-5-million-range" target="_blank" rel="noreferrer noopener">Cathie Wood Stands Firm on Bold $700,000 Bitcoin Prediction for Investors, Says ‘Bull Case in the $1.5 Million Range&#8217;</a>
The kidnappers, clad in black and wearing balaclavas, escaped the scene in their vehicle, leaving behind a fake handgun. The vehicle was later found abandoned a few streets away. The couple&#8217;s two-year-old child, who was present during the incident, was also affected by the tear gas used by the kidnappers, according to the report.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Le Parisien is reporting that the relatives of a &quot;cryptocurrency tycoon&quot; escaped a terrifying kidnapping attempt in Paris today. The incident was captured on camera; you can see one attacker dropping a handgun as a man fights him. <a href="https://t.co/mPql1gdyMU">pic.twitter.com/mPql1gdyMU</a>
&mdash; Jameson Lopp (@lopp) <a href="https://twitter.com/lopp/status/1922274586558644471?ref_src=twsrc%5Etfw">May 13, 2025</a></blockquote>
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</figure>
The Paris prosecutor&#8217;s office has handed over the investigation to the Brigade de Répression du Banditisme (Brigade for the Suppression of Banditry), a special police unit within the French Ministry of the Interior. The unit had recently investigated another kidnapping involving the father of a young online poker player and cryptocurrency entrepreneur.
France 24 <a href="https://www.france24.com/en/france/20250513-armed-gang-tries-to-kidnap-crypto-ceo-s-daughter-grandson-in-central-paris">reported </a>that woman is the daughter of the CEO and co-founder of Paymium, a French cryptocurrency exchange allowing users to trade Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), among other popular tokens.
This failed kidnapping incident comes days after French police rescued a man kidnapped in an attempt to force his cryptocurrency millionaire son to pay a ransom, <a href="https://www.france24.com/en/live-news/20250504-kidnapped-dad-of-crypto-firm-boss-released-in-french-police-raid">according </a>to France 24.
Earlier in January, David Balland, co-founder of the leading French cryptocurrency company Ledger, and his partner were kidnapped and held to ransom, <a href="https://www.reuters.com/world/co-founder-french-crypto-firm-freed-after-kidnapping-2025-01-23/">reported </a>Reuters. The two were eventually set free.
Photo Courtesy: BigNazik 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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Cryptocurrency Tycoon's Daughter Escapes Kidnapping Attempt: Viral Video Captures Terrifying Ordeal

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