L'intérêt à découvert pour Herc Holdings donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Herc Holdings. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Herc Holdings (NYSE:HRI) Stock, Rapport sur les intérêts à découvert

Herc Holdings

Herc Hldgs

Herc Holdings Inc is an equipment rental company that was spun out of Hertz Global in 2016. It is currently the equipment rental company (4% market share) in North America, after United Rentals and Sunbelt Rentals, with a fleet size of $6.4 billion. It serves commercial and residential construction customers, the environmental sector, industrial entities, and entertainment production companies. During much of its 50-year-plus history, the company has rented equipment such as aerial lifts to its customers for intermittent use. More recently, it has broadened its catalog to include a host of specialty items. Separately, Herc Holdings' prepares now to incorporate long-term rentals to industrial customers where Herc maintains its own staff at the customer site.

Herc Holdings Inc

Horiba Ltd

MCQEF

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

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

News

Embraer-Empresa Brasileira De Aeronautica

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

RXRX

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

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

Equities

Regulations

Social Media

Legal

Markets

Tech

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

As U.S. tariffs on Chinese imports continue to soar, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) third-party sellers are reportedly shifting stock to Canada, betting that the trade war will soon end in their favor.
What Happened: These vendors, who sell everything from dog toys to electronics, have begun routing shipments from China to Canada, where they can store goods in duty-free zones for a limited period, <a href="https://www.ft.com/content/6114c580-70db-4de2-b19f-d4dbebd3214f">reported</a> the Financial Times on Tuesday.&nbsp;
Suppliers for brands like Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) are also reportedly adopting the same strategy, the report said, citing half a dozen sellers, logistics providers, and consultants.
The strategy of storing goods in Canada, which leverages tariff-free warehouses, tax breaks, and rebate programs, adds an estimated $500 to $600 per shipping container in extra expenses for sellers. Still, many view it as a calculated risk, hoping the U.S. will eventually ease the high tariffs on Chinese imports.
&nbsp;"If we trust the U.S. administration &#8230; [and] that's still a big if, this is the worst it's going to get. And so we're prepared to wait this out," one senior executive at a major third-party seller on Amazon and Walmart told the publication. "This is not going to last forever."
See Also:&nbsp;<a href="https://www.benzinga.com/general/entertainment/24/07/40056062/charlie-munger-once-said-that-in-his-entire-life-he-has-never-known-a-wise-person-who-didnt" target="_blank" rel="noreferrer noopener">Charlie Munger Once Said That In His Entire Life, He Has Never Known A Wise Person Who ‘Didn't Read All The Time — None, Zero:' Here Are Some Books That The Berkshire Hathaway Vice Chair Recommended — And Not All Are About Finance Either</a>
Why It's Important: Nathan Strang, director of ocean freight at Flexport, cautioned that storing inventory in Canada comes with added costs and may ultimately backfire if sellers still need to bring those products into the U.S. while tariffs on Chinese imports remain in effect, the report noted.
&#8220;It could wind up being an added expense on top of a tariff that you're going to have to pay anyway,&#8221; Strang told the publication.
On Tuesday, President Donald Trump announced plans to <a href="https://www.benzinga.com/markets/25/04/44942449/trump-pledges-substantial-cut-in-china-tariffs-but-refuses-to-make-it-zero-if-they-dont-make-a-deal-we-will-set-the-deal">significantly lower the steep tariffs</a> on Chinese imports, though he mentioned that "It won't be zero."
Trump had imposed a 145% import tax on goods from China, prompting Beijing to retaliate with a 125% tariff on American products.
Price Action: Amazon shares climbed 3.50% on Tuesday, while Walmart saw a 2.64% gain, <a href="https://pro.benzinga.com/dashboard">according to Benzinga Pro</a>.
Walmart holds a growth score of 54.86% in the Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against</a> Amazon and other major e-commerce players.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/WMT"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23030620/Screenshot-2025-04-23-at-12.36.15%E2%80%AFPM.png" alt="" class="wp-image-883437" /></a></figure>
Photo Courtesy: Hadrian on Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/personal-finance/24/07/39842841/charlie-munger-said-getting-rich-is-harder-than-ever-but-heres-the-beauty-of-it-you-only-have-to" target="_blank" rel="noreferrer noopener">Charlie Munger Said Getting Rich Is Harder Than Ever, But Here&#8217;s ‘The Beauty Of It&#8217; — You Only Have To Do It Once</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Media

AMZN

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

Fintech company&nbsp;Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>), announced major changes to its self-custody Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) wallet Tuesday, focusing on improved safety, privacy, and usability.
What Happened: Co-founder Jack Dorsey took to X to share the upcoming improvements to Bitkey, the cryptocurrency wallet launched in December 2023.
The changes include providing stronger and more convenient transaction verification, the ability to reset a fingerprint after a security delay, and a new tab on the Bitkey mobile app called Bitkey Security Hub.
In terms of privacy, Block introduced the private wallet balances feature, which limits visibility into users&#8217; balances and transactions. Additionally, there will be the option of not revealing one&#8217;s home or billing address when purchasing a Bitkey gadget and picking it up in person.
<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">transaction verification, fingerprint reset, private wallet balances, private purchasing, and purchase it with bitcoin. a lot coming to <a href="https://twitter.com/BitkeyOfficial?ref_src=twsrc%5Etfw">@BitkeyOfficial</a> starting in may: <a href="https://t.co/eEb6fVJ2MG">https://t.co/eEb6fVJ2MG</a>
&mdash; jack (@jack) <a href="https://twitter.com/jack/status/1914701239578751057?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
To improve usability, Block announced a configurable&nbsp;"delay and notify" time period, enabling users to set the recovery duration for lost keys based on their preferences. 
Dorsey said that the changes will be implemented beginning in May.
See Also: <a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"></a><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44891685/gary-black-shares-polymarket-data-says-trump-tariffs-have-pushed-odds-of-2025-recession-to-57">Gary Black Shares Polymarket Data, Says Trump Tariffs Have Pushed Odds Of 2025 Recession To 57%</a>
Why It Matters: A <a href="https://www.benzinga.com/money/custodial-vs-non-custodial-wallets">self-custody wallet</a>, also known as a non-custodial wallet, is meant to give a user full control over their private keys and, therefore, their cryptocurrency assets. Bitkey includes a mobile app, a hardware device, and a set of recovery tools in case the user loses their phone or their hardware.
These updates follow the recent launch of a <a href="https://www.benzinga.com/25/04/44727594/jack-dorseys-block-is-making-it-easy-for-companies-to-manage-their-bitcoin-treasuryheres-how">new dashboard</a> by&nbsp;Block to help companies manage their Bitcoin holdings effectively.
The dashboard, part of an open-source toolkit, includes a corporate holdings dashboard and a BTC-to-USD real-time price quote API, allowing firms to monitor the dollar value of their Bitcoin in real time.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $93,662.10, up 6.18% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Shares of Block rose 2.60% in after-hours trading after closing 3.70% higher at $54.33 during Wednesday's regular session.
The stock exhibited a very high growth score—a measure of the stock's combined historical expansion in earnings and revenue across multiple periods. For more interesting metrics like these, visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
Photo Courtesy: Frederic Legrand &#8211; COMEO on Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

Trading Ideas

$BTC

Jack Dorsey Says Major Changes Coming To Block's Self-Custody Bitcoin Wallet: What To Expect

SSNC

Reported Earlier, SS&C Expands Asia-Pacific Presence With Fund Administration Mandate From Aquilius Investment Partners

President Donald Trump has declared a significant reduction in the high tariffs placed on Chinese goods, although they will not be completely abolished.
What Happened: At a White House press conference on Tuesday, Trump addressed earlier remarks made by Treasury Secretary Scott Bessent, who had reportedly characterized the high tariffs as &#8220;unsustainable&#8221; and stated that he expects &#8216;de-scalation&#8217; in U.S.-China tariffs.
Trump also assured that the final tariff rate with China would be &#8220;substantially&#8221; lower than the current 145%. &#8220;It won&#8217;t be that high, not going to be that high,&#8221; Trump said, <a href="https://www.youtube.com/watch?v=3y7qVfTmqqw">reported </a>The Associated Press. However, he emphasized, &#8220;It won&#8217;t be zero.&#8221;
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<iframe loading="lazy" title="Trump says he won&#039;t &#039;play hardball&#039; with China during tariff negotiations" width="500" height="281" src="https://www.youtube.com/embed/3y7qVfTmqqw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Previously, Trump had enforced a 145% import tax on Chinese goods, which China countered with a 125% tariff on U.S. goods. Bessent had anticipated a &#8220;de-escalation&#8221; in the ongoing trade war between the two economic powerhouses.
Although Trump did not directly comment on whether he found the current situation with China to be unsustainable, he expressed optimism about the future of U.S.-China relations. He stated, &#8220;We&#8217;re doing fine with China,&#8221; and pledged to be &#8220;very nice&#8221; to Chinese President&nbsp;Xi Jinping.
Trump further stated that the U.S. is not going to &#8216;play hardball&#8217; with China and that country would &#8216;have to&#8217; make a deal with the U.S. &#8220;If they don&#8217;t make a deal, we will set the deal,&#8221; asserted Trump. 
SEE ALSO:&nbsp;<a href="https://benzinga.com/25/04/44915713/charlie-munger-once-said-he-could-go-on-and-on-listing-why-he-wont-want-donald-trump-in-the-oval-office" target="_blank" rel="noreferrer noopener">Charlie Munger Once Predicted That Trump Could Be &#8216;Quite Decisive&#8217; But Still Didn&#8217;t Want Him To Be President: Here&#8217;s Why</a>
Why It Matters: This announcement comes after a series of events that have escalated the US-China trade conflict. Earlier, the White House stated that Trump had called upon China to initiate <a href="https://www.benzinga.com/25/04/44832771/the-ball-is-in-chinas-court-trump-says-as-white-house-awaits-beijings-call-china-needs-to-make-a-deal-with-us">negotiations</a>, stating that the &#8220;ball is in China&#8217;s court&#8221; and emphasizing China&#8217;s reliance on the American consumer.
Shortly after, China&#8217;s Ministry of Commerce <a href="https://www.benzinga.com/25/04/44891949/chinese-commerce-ministry-pledges-retaliation-against-countries-isolating-beijing-with-us-at-the-expense-of-chinas-interests">warned </a>against the U.S. using tariffs to coerce other countries into restricting economic and trade cooperation with China. Notably, the U.S. also <a href="https://www.benzinga.com/markets/equities/25/04/44916963/first-solar-stock-surges-over-7-in-pre-market-as-us-sets-up-to-3500-tariffs-on-chinese-owned-southeast-asian-solar-cells">imposed </a>up to 3,500% tariffs on most solar cells imported from Southeast Asia, a move that was seen as a counter to unfair trade practices by Chinese-owned companies.
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<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/25/04/44885628/mark-cuban-says-health-insurance-shouldnt-exist-you-dont-have-to-grab-every-nickel-when-its-the-health-of-th" target="_blank" rel="noreferrer noopener">Mark Cuban Says Health Insurance Shouldn&#8217;t Exist — &#8216;You Don&#8217;t Have to Grab Every Nickel When It&#8217;s the Health of the Entire Country at Stake&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Economics

General

Trump Pledges 'Substantial' Cut In China Tariffs, But Refuses To Make It 'Zero:' 'If They Don't Make A Deal, We Will Set The Deal'

Nuveen Insured California Premium Fund Ii

Reported Earlier, Northann Corp. Receives Filing Delinquency Notice From NYSE For Missing 10-K Deadline

Operations
<ul>
<li>Maintained exceptional production from Sangomar of 78 Mbbl/day (Woodside equity interest) produced in the quarter.</li>
<li>Quarterly production of 49.1 MMboe (546 Mboe/day), down 4% from Q4 2024 due to weather impacts at NWS and unplanned outages at Pluto, partially offset by higher production at Shenzi and Atlantis. Quarterly production increased 9% from Q1 2024 due to the addition of Sangomar production.</li>
<li>Quarterly revenue of $3,315 million, down 5% from Q4 2024 primarily due to lower production and lower oil-linked prices. Quarterly revenue increased 13% from Q1 2024 due to Sangomar start-up in July 2024 and high gas hub-linked prices.</li>
<li>Sold 25.4% of produced LNG at prices linked to gas hub indices in the quarter (9.4% of total equity production).</li>
</ul>

Earnings

Reported Earlier, Woodside Energy Q1 Revenue $3.315B Up From $2.945B YoY; Quarterly Production 49.1 MMboe (+9% YoY)

ABUS

Arbutus Biopharma To Present Key Hepatitis B Data, Including Late-Breaker, At EASL Congress 2025

Billionaire investor Bill Ackman, CEO of Pershing Square Capital Management, commended Treasury Secretary Scott Bessent on Tuesday as markets struggle with trade policy uncertainty.
What Happened: Bessent, &#8220;is a steady hand on the wheel guiding us on a windy road that will get our country where we need to go. Thank you Scott,&#8221; Ackman wrote on X, responding to Bessent&#8217;s announcement about participating in the 2025 World Bank Group-IMF Spring Meetings taking place April 21-26 in Washington, D.C.
Ackman&#8217;s &#8220;windy road&#8221; metaphor likely references the volatile financial landscape shaped by trade tensions. His support follows his earlier praise for the President Donald Trump <a href="https://www.benzinga.com/news/global/25/04/44723751/billionaire-investor-bill-ackman-praises-trumps-tariff-pause-thank-you-on-behalf-of-all-americans">administration&#8217;s 90-day tariff pause</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">.<a href="https://twitter.com/SecScottBessent?ref_src=twsrc%5Etfw">@SecScottBessent</a> is a steady hand on the wheel guiding us on a windy road that will get our country where we need to go. Thank you Scott. <a href="https://t.co/B5jT8rP2ay">https://t.co/B5jT8rP2ay</a>
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1914862616721174613?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote>
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The endorsement comes as markets face significant pressure. Fundstrat&#8217;s Tom Lee urged Bessent and Commerce Secretary Howard Lutnick to expedite trade agreements for a positive &#8220;policy shock&#8221; to markets after <a href="https://www.benzinga.com/25/04/44915795/tom-lee-urges-bessent-and-lutnick-to-put-points-on-the-board-for-a-positive-policy-shock-to-the-stock-market">U.S. equities shed $1.4 trillion in value on Monday</a>.
&#8220;White House needs to put points on the board,&#8221; Lee stated, emphasizing the urgency for concrete trade deals. Markets have declined substantially, with the Nasdaq 100, S&amp;P 500, and Dow Jones indexes dropping over 10% from recent peaks.
See Also: <a href="https://www.benzinga.com/25/04/44941025/tesla-optimus-robot-hit-by-chinas-rare-earth-magnet-crackdown-elon-musk-says-thousands-may-be-ready-by-year-end-but-no-guarantees-when-you-have-a-complex-manufactured-product">Tesla Optimus Robot Hit By China&#8217;s Rare Earths Crackdown — Elon Musk Says Thousands May Be Ready By Year-End, But No Guarantees</a>
Why It Matters: Complicating matters, Trump recently criticized Federal Reserve Chairman Jerome Powell, calling him &#8220;Mr. Too Late&#8221; and raising concerns about Fed independence. White House economic adviser Kevin Hassett acknowledged the administration was &#8220;continuing to study&#8221; <a href="https://www.benzinga.com/news/25/04/44935195/elizabeth-warren-says-if-trump-illegally-fires-fed-chair-powell-hell-crash-our-markets-cause-more-economic-pain-to-american-families">whether Powell could be removed</a>.
Ackman previously attributed recent market volatility to &#8220;forced selling&#8221; by highly leveraged traders rather than economic fundamentals, cautioning against <a href="https://www.benzinga.com/government/regulations/25/04/44759639/bill-ackman-blames-forced-selling-by-leveraged-traders-for-market-chaos-investors-are-reading-too-much-into-short-term-market-movements">over-interpreting short-term market movements</a>.
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 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) showed modest rebounds on Tuesday.
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?tblci=GiAShVRBa42nCBtWlx7IMC67Vo2BcWpr85L5I7snseW6sCCN1VcolqTZ7-yIiJzNATDviEo" 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>
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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.
Photo courtesy: Maxim Elramsisy / Shutterstock.com

Politics

Bill Ackman Praises Treasury Secretary Scott Bessent As 'Steady Hand' Ahead Of World Bank-IMF Spring Meetings

Tariffs and trade policy shifts Recent tariffs and other trade restrictions imposed or considered to be imposed by the US and other countries have significantly increased uncertainty about trade conditions in markets where the Group is present, as well as in relation to global and regional supply chains. The situation is fast-changing and complex to assess, and no predictions can be made on future developments, potential impacts on the Group or whether trade restrictions may impact the Group more severely than main competitors. However, the introduction of tariffs, retaliatory tariffs or other trade restrictions on our vehicles, parts, and other products and materials could disrupt existing supply chains, impose additional costs on our business or that of our suppliers, create sudden disadvantages for Group operations compared to competitors having different supply chains, and could generally make our products more expensive for customers and/or less competitive.&nbsp;
Recent developments in global trade policies have also increased the risk of a broader economic slowdown. Such developments could negatively impact global demand and lead to increased costs for e.g. raw materials, components, transport and energy. A prolonged period of trade uncertainty may also negatively affect investment levels and customer purchasing behavior, particularly in Group key markets. The Group will endeavor to adapt to changes in market conditions as they may evolve, but the introduction of trade restrictions and changes in trade policies could, individually or in combination, have a material adverse effect on the Groupʼs business and financial performance.

VLVLY

Volvo Aims To Adapt To Evolving Trade Policies; However, Rising Tariffs And Uncertainty May Adversely Impact Costs, Demand, And Competitiveness

Volvo (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VLVLY#OTC">VLVLY</a>) reported quarterly earnings of SEK 4.86 per share which missed the analyst consensus estimate of SEK 5.51 by 11.8 percent. This is a 29.77 percent decrease over earnings of SEK 6.92 per share from the same period last year. The company reported quarterly sales of SEK 121.80 billion which missed the analyst consensus estimate of SEK 125.67 billion by 3.08 percent. This is a 7.16 percent decrease over sales of SEK 131.20 billion the same period last year.

Earnings Misses

Volvo Q1 2025 GAAP EPS SEK 4.86 Misses SEK 5.51 Estimate, Sales SEK 121.80B Miss SEK 125.67B Estimate

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The CNN Money Fear and Greed index showed further easing in overall fear level, while the index remained in the &#8220;Extreme Fear&#8221; zone on Tuesday.
U.S. stocks settled higher on Tuesday, with the Dow Jones index jumping more than 1,000 points during the session.
3M Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) reported better-than-expected first-quarter 2025 results. Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) reported upbeat fiscal first-quarter results Tuesday.
Shares of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) gained over 5% in after-hours trading on Tuesday after the company posted financial results for its first quarter.
On the economic data front, the U.S. Redbook Index rose by 7.4% year-over-year in the week ending April 19.
All sectors on the S&amp;P 500 closed on a positive note, with financial, consumer discretionary, and communication services stocks recording the biggest gains on Tuesday.
The Dow Jones closed higher by around 1,017 points to 39,186.98 on Tuesday. The S&amp;P 500 jumped 2.51% to 5,287.76, while the Nasdaq Composite surged 2.71% to 16,300.42 during Tuesday's session.
Investors are awaiting earnings results from Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>), GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), and AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 24.4, the index remained in the &#8220;Extreme Fear&#8221; zone on Tuesday, versus a prior reading of 21.6.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based&nbsp;on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/25/04/44920101/top-2-tech-and-telecom-stocks-you-may-want-to-dump-this-quarter">Top 2 Tech And Telecom Stocks You May Want To Dump This Quarter</a> </li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

TSLA

Dow Jumps Over 1,000 Points Amid Upbeat Earnings: Greed Index Remains In 'Extreme Fear' Zone

Investors, including former Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) bull Ross Gerber, appear increasingly skeptical of CEO Elon Musk's ambitious projections following the electric vehicle maker's rough first-quarter results, which saw profits plunge 71% year over year.
What Happened: On Tuesday evening, Gerber posted a cryptic message on X, saying, &#8220;This song is perfect,&#8221; alongside a link to Michael Franti and Spearhead's 2006 track Sweet Little Lies on Apple Music.
<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">This song is perfect. <a href="https://t.co/a2UXKa5nVO">https://t.co/a2UXKa5nVO</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1914820741117436045?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See More: <a href="https://www.benzinga.com/25/04/44941025/tesla-optimus-robot-hit-by-chinas-rare-earth-magnet-crackdown-elon-musk-says-thousands-may-be-ready-by-year-end-but-no-guarantees-when-you-have-a-complex-manufactured-product">Tesla Optimus Robot Hit By China&#8217;s Rare Earths Crackdown — Elon Musk Says Thousands May Be Ready By Year-End, But No Guarantees</a>
In a separate post, Gerber said that in the 11 years that he&#8217;s been covering the company, this is the worst performance he&#8217;s seen. &#8220;I get Elon will tell everyone about trillions of TAM [total addressable market] and robots taking over the world… anything to get you not to look at the facts,&#8221; he says.
<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">I've done Tesla calls for 11 years. This is the worst performance I've seen in Tesla's history. I get Elon will tell everyone about trillions of TAM and robots taking over the world… anything to get you not to look at the facts. As Elon darts off to xAI after he announces he is…
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1914692869073592478?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Some analysts, however, are finding silver linings in Tesla's latest results. Gary Black, managing partner at The Future Fund, said on X that the company's "earnings quality was fairly high" this quarter, pointing out that, unlike previous periods, profits weren't heavily propped up by sales of zero-emission vehicle (ZEV) credits.
Black also says that Tesla's operating, other operating, and non-operating expenses were significantly higher during the quarter, further reinforcing his point of earnings quality being fairly high.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">2/ <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> earnings quality was fairly high: Unlike prior quarters, TSLA's P&amp;L did not get much of a boost from sale of ZEV credits ($595M), SG&amp;A (6.5% of Rev), and Other expense lines (Other operating expense -$94M, Other non-operating expense -$119M), which came in worse than…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1914787926262546711?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Analysts and even investors who were previously bullish on the company have voiced their concerns regarding Musk&#8217;s time away from the company.
This includes Dan Ives of Wedbush Securities, who on Tuesday said, &#8220;Musk <a href="https://benzinga.com/analyst-ratings/analyst-color/25/04/44933432/tesla-in-code-red-situation-as-analyst-flags-6-threats-tied-to-musks-government-role">needs to leave the govt</a>, take a step back on DOGE, and get back to being CEO of Tesla full-time in our view.&#8221;
Musk, who&#8217;s been spearheading the U.S. Government&#8217;s Department of Government Efficiency said during the earnings call on Tuesday that he will be <a href="https://benzinga.com/25/04/44940401/elon-musk-says-hell-only-spend-day-or-two-per-week-on-government-matters-to-ensure-fraud-does-not-come-roaring-back-ceos-focus-to-shift-to-tesla-beginning-may">spending significantly less time</a> on DOGE, starting from May, allowing him to focus more on Tesla. 
<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/2025/04/23013059/Screenshot-2025-04-23-at-11.00.41-AM-1024x139.png" alt="" class="wp-image-883292" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23013059/Screenshot-2025-04-23-at-11.00.41-AM-1024x139.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23013059/Screenshot-2025-04-23-at-11.00.41-AM-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23013059/Screenshot-2025-04-23-at-11.00.41-AM-768x104.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23013059/Screenshot-2025-04-23-at-11.00.41-AM-1536x208.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23013059/Screenshot-2025-04-23-at-11.00.41-AM.png 1592w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Tesla scores well across all metrics, besides Value, but the price trend is unfavorable in 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: Around the World Photos On Shutterstock.com
Read More: <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">Elon Musk Equates Car Ownership In Future To Riding A Horse While Using A Flip Phone — Pierre Ferragu Says Tesla&#8217;s &#8216;iPhone Moment&#8217; Hinges On Full Autonomy</a>

Analyst Ratings

Tesla's 'Sweet Little Lies' Hide 'Worst Performance' Ever? Elon Musk's Robot Takeover Talk Is Just A Smokescreen, Says Ross Gerber

<ul>
<li>VERAXA's Novel BiTAC Platform has the Potential to Deliver Multiple Next-Generation Solid Tumor Cancer Therapies, Including Novel Antibody-Drug Conjugate ("ADC") and Bispecific T-cell Engager ("TCE") Candidates, with Strong and Differentiated Clinical Profiles</li>
<li>Company Pursuing Multiple Strategic Partnerships and Licensing Opportunities in 2025 and 2026</li>
<li>Transaction Values VERAXA at a Pre-money Equity Value of $1.3 Billion</li>
<li>Actively Working with Existing and New VERAXA Investors to Raise a Crossover Financing Round, which is Expected to Close Ahead of the Business Combination, Alongside up to $253 Million in Cash Held in Trust</li>
<li>Business Combination is Expected to be Completed in the Fourth Quarter of 2025</li>
<li>A Joint Investor Presentation Providing an Overview of the Proposed Transaction can be Viewed: <a href="https://dealroadshow.com/e/VER2025">https://dealroadshow.com/e/VER2025</a></li>
</ul>

VACH

VERAXA Biotech to Merge With Voyager In $1.3B Business Combination, Launching Nasdaq-Listed Oncology Company

<ul>
<li>Innate to regain its rights on CD123 targeting ANKET&#xAE; SAR443579 (SAR'579) /IPH6101 currently in development for AML</li>
<li>Potential investment of up to €15M by Sanofi in Innate Pharma through a capital increase, subject to market conditions</li>
<li>Sanofi to continue development of BCMA targeting ANKET&#xAE; program in autoimmune indications</li>
<li>Innate still eligible for more than €1 billion R&amp;D and commercial milestones</li>
</ul>

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