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Ruanyun Edai Technology Inc is primarily engaged in providing online academic exercise question banks with A.I. capabilities, online classes and homework, and on-demand lectures and evaluations that cover all K-12 subject fields and grade levels.

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Peter Schiff has been one of the most outspoken critics of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), questioning the apex cryptocurrency's value proposition and investment rationale of those holding it.&nbsp;
The dislike has been to such an extent that he once termed Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), a meme-based cryptocurrency, as superior to Bitcoin.
What happened: In an X post in February 2021, Schiff traded his guns on Bitcoin advocates who <a href="https://www.benzinga.com/markets/cryptocurrency/21/02/19505772/elon-musks-dogecoin-tweets-worry-crypto-community-situation-seriously-damaging">expressed concern</a> over tech billionaire Elon Musk&#8217;s social media promotion of Dogecoin
One of the critics was Galaxy Digital CEO Mike Novogratz, who dubbed Dogecoin a <a href="https://www.cnbc.com/2021/02/10/elon-musk-dogecoin-tweets-disconcerting-bitcoin-bull-nic-carter-says.html">"joke"</a> and a risk-laden investment in contrast to Bitcoin, which had a "real purpose," per a CNBC report.
Schiff found these arguments ironical, noting that there was no distinction between Bitcoin and Dogecoin.
"In fact, Dogecoin, despite its being started as a joke, is arguably the superior cryptocurrency," Schiff stated.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">All of those Bitcoin bugs, like <a href="https://twitter.com/novogratz?ref_src=twsrc%5Etfw">@novogratz</a> criticizing <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> for promoting Dogecoin can&#39;t see the irony that there is no substantive difference between <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> and <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a>. In fact, Dogecoin, despite its being started as a joke, is arguably the superior crypto currency!
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1358773452975599619?ref_src=twsrc%5Etfw">February 8, 2021</a></blockquote>
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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/25/05/45125478/nayib-bukele-led-el-salvador-will-continue-to-buy-bitcoin-says-minister-on-imf-requirement">El Salvador Committed To Buy Bitcoin Despite IMF Requirement, Says Minister— &#8216;Important Project&#8217; Started By Nayib Bukele</a>
Notably, this happened during Dogecoin&#8217;s historic bull run, which eventually propelled it to an all-time high of $0.7376. That level has yet to be surpassed.&nbsp;
While Bitcoin was also pumping, its returns paled in comparison to Dogecoin, which exploded 843% in the first three months of 2021.
Seeing the outperformance, Schiff said, "Dogecoin is eating Bitcoin" in an April 2021 post.
"All the Bitcoin pumpers who claim Bitcoin is better than gold because its price has risen more than gold&#8217;s must now concede that Dogecoin is better than Bitcoin," he added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">So far in 2021 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> has lost 97% of its value verses <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a>. The market has spoken. Dogecoin is eating Bitcoin. All the Bitcoin pumpers who claim Bitcoin is better than gold because its price has risen more than gold&#39;s must now concede that Dogecoin is better than Bitcoin.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1383134331946827776?ref_src=twsrc%5Etfw">April 16, 2021</a></blockquote>
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Why It Matters: Schiff's views on Bitcoin have been controversial, and many of the coin supporters have accused him of doing engagement farming by repeatedly mentioning the coin in his X posts.&nbsp;
His critics <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38781124/peter-schiff-says-he-gets-a-kick-out-of-fanatics-accusing-him-of-secretly-owning-bitcoin-t">believe he secretly owns Bitcoin</a>, in contrast to the overtly critical positions he takes on social media. The economist has consistently denied this claim.
Interestingly, a 2010 interview shows him saying <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37687164/bitcoin-critic-peter-schiff-regrets-missing-out-on-btc-investment-in-early-days-i-would-ha">he wished he had brought Bitcoin</a> because of its profit potential.
Price Action: At the time of writing, Bitcoin was exchanging hands at $95,039.58, up 0.37% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/05/45127052/el-erians-monthly-asset-performance-table-highlights-oils-20-loss-bitcoin-and-golds-gain">Bitcoin, Gold Shine In April While Stocks, Oil Suffer— Mohamed El-Erian Flags Diverging Market Trends</a></li>
</ul>
Image Via Shutterstock

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

Cryptocurrency

News

Markets

$BTC

$DOGE

Peter Schiff's Bitcoin Rejection Is No Surprise—But The Economist Once Called Dogecoin A 'Superior' Cryptocurrency

One of the Netherlands' most valuable modern artworks is being restored after a child accidentally scratched it at Depot Boijmans Van Beuningen in Rotterdam. The Rothko, valued between $50 million and $60 million, is now at the center of fresh debate over the risk of exhibiting high-value art in open-access spaces. 
What Happened: A child reportedly under the age of five brushed a hand against Grey, Orange on Maroon, No. 8 (1960), creating visible scratches in the lower unvarnished paint layer, The Independent <a href="https://www.the-independent.com/news/world/rothko-painting-damage-rotterdam-gallery-b2741531.html">reported</a>. The museum called it an "unguarded moment," and the artwork has now been removed from public view and sent to a conservation lab.
See Also: <a href="https://www.benzinga.com/personal-finance/25/03/44551074/warren-buffett-once-said-he-could-hire-10000-people-to-paint-his-face-and-it-might-be-the-most-brutal-economic-truth-youll-hear-all-day">Warren Buffett Once Said He Could Hire 10,000 People to Paint His Face—And It Might Be the Most Brutal Economic Truth You&#8217;ll Hear All Day</a>
Why It Matters: Rothko's works frequently sell for multimillion-dollar sums at auction. In 2012, Orange, Red, Yellow (1961) sold for $86.9 million at Christie's in New York. A few months later, another piece sold for $75.1 million.
While the recent incident was not a case of intentional vandalism, the financial repercussions are considerable. Art crime expert Arthur Brand <a href="https://abcnews.go.com/International/child-accidentally-damages-50-million-rothko-rotterdam-museum/story?id=121317352">told</a> ABC News that the estimated cost of restoring the work could range from $50,000 to $150,000, based on past instances.
In 2012, a different Rothko painting suffered damages at the Tate Modern in London, requiring 18 months and $250,000 to restore. Even minor surface damage to masterpieces like the Rothko can lower market value.
Despite the accident, the Dutch museum remains steadfast in its open-access principles, stating that such spaces inspire public engagement with art.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/05/45126370/elon-musk-will-remain-tesla-ceo-for-at-least-5-years-says-dan-ives-as-company-calls-replacement-rumors-absolutely-false">Elon Musk Will Remain Tesla CEO For &#8216;At Least 5 Years,&#8217; Says Dan Ives As Company Calls Replacement Rumors &#8216;Absolutely False&#8217;</a></li>
</ul>
Image Via Shutterstock

Global

General

Rothko Masterpiece Worth $60 Million Scratched By Child At Dutch Museum — $150K Estimated Restoration Cost Sparks Debate Over Open-Access Art

WestPark Capital analyst Curtis Shauger reiterates Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) from Hold to Hold.

Reiteration

Analyst Ratings

MSFT

WestPark Capital Reiterates Hold on Microsoftto Hold

Shares of Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) rose sharply in pre-market trading after the company posted <a href="https://in.benzinga.com/news/earnings/25/04/45117948/meta-q1-earnings-eps-beat-revenue-up-16-ai-approaches-1-billion-monthly-actives-capital-expenditures-forecast-raised">upbeat results for its first quarter.</a>
The company reported first-quarter earnings of $6.43 per share, easily beating analyst estimates of $5.21 per share. Meta expects second-quarter revenue to be in the range of $42.5 billion to $45.5 billion versus Benzinga Pro estimates of $44.06 billion.
Meta shares jumped 6.1% to $582.50 in pre-market trading
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>NanoVibronix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAOV#NASDAQ">NAOV</a>) rose 81.8% to $5.20 in pre-market trading after dipping around 23% on Wednesday.</li>
<li>LogicMark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGMK#NASDAQ">LGMK</a>) surged 48.8% to $0.0259 in pre-market trading after gaining over 6% on Wednesday.</li>
<li>Pineapple Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAPL#NYSE">PAPL</a>) gained 27.8% to $0.2750 in pre-market trading.</li>
<li>E2open Parent Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) surged 27.4% to $2.51 in pre-market trading. E2open Parent Holdings shares fell 6% on Wednesday after the company reported worse-than-expected fourth-quarter sales results.</li>
<li>Interactive Strength Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) jumped 19.1% to $0.7695 in pre-market trading after the company issued shareholder update on 2025 developments.</li>
<li>Alset Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEI#NASDAQ">AEI</a>) gained 9.5% to $1.04 in pre-market trading.</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) rose 8.2% to $427.72 in pre-market trading after the company reported better-than-expected third-quarter financial results.</li>
<li>Arista Networks Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) gained 7.7% to $88.61 in pre-market trading.</li>
<li>Schneider National, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNDR#NYSE">SNDR</a>) gained 7% to $23.00 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>biote Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTMD#NASDAQ">BTMD</a>) shares dipped 46% to $1.80 in pre-market trading. biote will provide first quarter financial results after the closing bell on Wednesday, May 7.</li>
<li>Super Group (SGHC) Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGHC#NYSE">SGHC</a>) shares fell 23.3% to $6.22 in pre-market trading.</li>
<li>Coya Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COYA#NASDAQ">COYA</a>) shares fell 20.3% to $5.25 in pre-market trading after gaining 8% on Wednesday.</li>
<li>NextNav Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>) fell 18.5% to $10.12 in pre-market trading.</li>
<li>Potbelly Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBPB#NASDAQ">PBPB</a>) fell 13.6% to $7.00 in pre-market trading. Potbelly will hold a conference call to discuss first quarter results on May 7.</li>
<li>Vestis Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) shares tumbled 13.2% to $7.60 in pre-market trading. Vestis will report its fiscal second quarter earnings results after the closing bell on Tuesday, May 6.</li>
<li>Reservoir Media, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RSVR#NASDAQ">RSVR</a>) declined 13.2% to $6.51 in pre-market trading.</li>
<li>Zhengye Biotechnology Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZYBT#NASDAQ">ZYBT</a>) dipped 11.1% to $8.10 in pre-market trading.</li>
<li>Confluent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) fell 10.3% to $21.35 in pre-market trading as the company reported first-quarter financial results.</li>
<li>QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) fell 5.3% to $140.57 in today's pre-market trading as the company reported second-quarter financial results.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/media/25/04/45098332/jim-cramer-this-tech-stock-is-not-great-not-bad-alaska-air-can-still-go-lower">Jim Cramer: This Tech Stock Is &#8216;Not Great, Not Bad&#8217;, Alaska Air Can Still Go Lower</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

Trading Ideas

ANET

BTMD

CFLT

COYA

ETWO

LGMK

NAOV

PAPL

PBPB

QCOM

RSVR

SGHC

SNDR

TRNR

VSTS

ZYBT

Why Meta Shares Are Trading Higher By Around 6%; Here Are 20 Stocks Moving Premarket

Piper Sandler analyst Clarke Jeffries maintains PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) with a Neutral and lowers the price target from $202 to $180.

Price Target

Piper Sandler Maintains Neutral on PTC, Lowers Price Target to $180

Piper Sandler analyst Arvind Ramnani maintains Clearwater Analytics Hldg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWAN#NYSE">CWAN</a>) with a Overweight and lowers the price target from $36 to $28.

CWAN

Piper Sandler Maintains Overweight on Clearwater Analytics Hldg, Lowers Price Target to $28

<a href="https://www.bloomberg.com/news/articles/2025-05-01/elon-musk-says-doge-should-definitely-examine-federal-reserve-costs" title="https://www.bloomberg.com/news/articles/2025-05-01/elon-musk-says-doge-should-definitely-examine-federal-reserve-costs">https://www.bloomberg.com/news/articles/2025-05-01/elon-musk-says-doge-should-definitely-examine-federal-reserve-costs</a>

Federal Reserve

Bloomberg Reported Elon Musk Said DOGE Should Definitely Examine Federal Reserve Costs

Management

Susan Morris Named CEO of Albertsons Companies Effective May 1

Piper Sandler analyst Brent Bracelin maintains Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) with a Overweight and raises the price target from $435 to $475.

Piper Sandler Maintains Overweight on Microsoft, Raises Price Target to $475

NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang has urged American policymakers on Thursday to fully embrace artificial intelligence as a long-term strategic priority that demands national investment in workforce development.
What Happened: Huang, speaking at Hill &amp; Valley Forum in Washington, DC, said, "To lead, the U.S. must embrace the technology, invest in reskilling, and equip every worker to build with it."
Huang stressed the importance of understanding competitive advantages in the AI race, noting that &#8220;50% of the world&#8217;s AI researchers are Chinese&#8221; — a factor he says must &#8220;play into how we think about the game.&#8221; 
Huang compared today&#8217;s AI revolution to previous industrial transformations, arguing that the United States succeeded historically because it &#8220;applied steel, applied energy faster than any country,&#8221; rather than worrying about labor displacement.
&#8220;This is an infinite game,&#8221; Huang said. 
<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">AI is an infinite game. To lead, the U.S. must embrace the technology, invest in reskilling, and equip every worker to build with it. NVIDIA CEO Jensen Huang explains to policymakers in Washington, DC: <a href="https://t.co/d0xJPu9GdN">pic.twitter.com/d0xJPu9GdN</a>
&mdash; NVIDIA Newsroom (@nvidianewsroom) <a href="https://twitter.com/nvidianewsroom/status/1917727997861261695?ref_src=twsrc%5Etfw">April 30, 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/25/05/45126308/eli-lilly-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-analysts">Eli Lilly Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a> Why It Matters: Huang&#8217;s comments come amid escalating U.S.-China tensions over AI chip exports. Recently, Nvidia faced new export restrictions <a href="https://www.benzinga.com/markets/25/04/44858727/jensen-huang-in-china-for-talks-as-us-tightens-nvidia-chip-restrictions-report">affecting its H20 processor</a> sales to China, which the company estimates will reduce earnings by $5.5 billion.
During his <a href="https://www.benzinga.com/tech/25/03/44390580/nvidia-just-unveiled-a-humanoid-ai-brain-which-allows-robots-to-think-slow-jensen-huang-says-this-could-very-well-likely-be-the-largest-industry-of-all">recent GTC 2025 keynote</a>, Huang unveiled Groot N1, a foundation model for humanoid robots, addressing what he describes as a looming global labor shortage. &#8220;By the end of this decade, the world is going to be at least 50 million workers short,&#8221; he said, suggesting robots could fill these gaps.
Despite supply constraints for Nvidia&#8217;s in-demand Blackwell chips, Huang remains optimistic, telling Fox Business Network that &#8220;demand is just incredible&#8221; as the company works to scale production. He predicts AI will eventually handle &#8220;20, 30, 40% of <a href="https://www.benzinga.com/tech/24/11/42145635/nvidia-ceo-jensen-huang-calls-ai-a-miracle-say-it-cant-do-100-of-our-jobs?utm_source=chatgpt.com">100% of the jobs</a> in the world,&#8221; emphasizing the importance of workforce adaptation. Read More: 
<ul>
<li><a href="https://www.benzinga.com/25/05/45125965/how-microsoft-plans-to-thrive-during-a-recession-satya-nadella-explains-the-role-of-cloud-solutions-in-weathering-economic-storms">Microsoft Plans To Leverage A &#8216;Malleable Resource&#8217; To Thrive In A Recession, Satya Nadella Explains</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Fintech news covering the emerging Financial Technology services sector

Fintech

Government

Entrepreneurship

Tech

NVDA

Nvidia CEO Jensen Huang Sounds Alarm As 50% Of AI Researchers Are Chinese, Urges America To Reskill Amid 'Infinite Game'

Republicans in the U.S. House of Representatives advanced a reform proposed by Rep. Sam Graves (R-MO), which tabled a $250 annual fee on all EVs.
What Happened: The House Transportation and Infrastructure Committee advanced the proposal, but dropped the $20 yearly fee charged to all owners, including Internal Combustion Engine or ICE car owners, from the proposal in the U.S., Reuters reported on Thursday.
The committee approved the bill following a 36-30 vote. The bill also includes a $100 fee on Hybrid vehicles. The report suggests that this fee would save up to $50 billion over the next decade.
The fees would go to the Highway Trust Fund, which usually collects fees through gasoline taxes that EV owners do not pay. "For far too long, EVs have operated on our nation's roads without paying into the system. It's time these roadway users pay their share for the use of the road." Graves said to the committee.
Why It Matters: The decision to impose a $250 fee on EV owners comes as the sector is seeing increased adoption among drivers in the U.S.<a href="https://www.benzinga.com/25/04/44755934/us-q1-ev-sales-data-shows-106-yoy-growth-tesla-experiences-decline-but-still-dominates-domestic-ev-sales"> EV sales were up 10.6% </a>in Q1 2025, when compared to the last quarter.
The $250 fee on EVs coincides with the Trump administration's decision to <a href="https://www.benzinga.com/25/04/45059191/donald-trump-will-reduce-impact-on-us-auto-industry-by-alleviating-some-auto-tarrifs-report">reportedly ease some </a>of the tariffs imposed on the auto industry, which could provide some relief to the sector in the U.S.
As tariffs cast uncertainty over the sector, EV manufacturers like Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), which is the leader in the segment, are <a href="https://www.benzinga.com/25/04/44942792/tesla-q1-earnings-call-company-says-more-affordable-models-launching-this-year">releasing cheaper models</a> to boost sales.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/05/45126370/elon-musk-will-remain-tesla-ceo-for-at-least-5-years-says-dan-ives-as-company-calls-replacement-rumors-absolutely-false">Elon Musk Will Remain Tesla CEO For &#8216;At Least 5 Years,&#8217; Says Dan Ives As Company Calls Replacement Rumors &#8216;Absolutely False&#8217;</a></li>
</ul>
Image Via Shutterstock

Politics

TSLA

House GOP Advances Sam Graves' Proposal To Impose $250 Annual Fee On EVs, Spares Gas-Powered Cars

On the eve of International Workers&#8217; Day, a new report from Oxfam depicts the stark reality of growing global income inequality: average CEO pay has increased by 50% in real terms since 2019, while worker wages have seen a negligible rise. 
What Happened: The report, released in collaboration with the International Trade Union Confederation (ITUC), advocates for widespread reforms to address what it describes as a system rigged in favor of the ultra-rich.
Oxfam&#8217;s review of nearly 2,000 companies across 35 countries shows that global CEO compensation averaged $4.3 million in 2024. This figure is up from $2.9 million five years earlier, after adjusting for inflation. 
On the contrary, the average worker's pay increased by 0.9% in the same period. The report is based on data from the S&amp;P Capital IQ database and comprises full executive packages with bonuses and stock options.
Recently, another analysis showed that only 19 U.S. households, including those of Tesla Inc. CEO Elon Musk, Berkshire Hathaway Inc. CEO Warren Buffett, and Amazon.com Inc. founder Jeff Bezos, <a href="https://www.benzinga.com/news/global/25/04/45061885/elon-musk-warren-buffett-jeff-bezos-and-16-us-households-gained-1-trillion-in-2024-an-amount-larger-than-switzerlands-entire-economy">added $1 trillion to their net worth in 2024.</a>
See Also: <a href="https://www.benzinga.com/markets/25/05/45125581/dr-doom-sees-us-potential-growth-at-4-by-2030-despite-possibility-of-trump-tariffs-triggering-a-brief-recession-exceptional-growth-around-the-corner">&#8216;Dr Doom&#8217; Sees US Potential Growth At 4% By 2030 Despite Possibility Of Trump Tariffs Triggering A Brief Recession: &#8216;Exceptional Growth&#8217; Around The Corner?</a>
Why It Matters: "Year after year, we see the same grotesque spectacle: CEO pay explodes while workers&#8217; wages barely budge. This isn't a glitch in the system —it's the system working exactly as designed, funnelling wealth ever upwards while millions of working people struggle to afford rent, food, and healthcare," said Oxfam International Executive Director Amitabh Behar. 
Oxfam notes that billionaires acquired $206 billion in new wealth in just the past year—almost $23,500 per hour, which is more than the average annual income globally.
The report spotlights other threats to worker livelihoods, like the <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/45107728/trump-labels-market-decline-bidens-stock-market-as-he-distances-tariffs-from-downturn">impact of newly imposed U.S. tariffs.</a> "For so many workers worldwide, President [Donald] Trump's reckless use of tariffs means a push from one cruel order to another: from the frying pan of destructive neoliberal trade policy to the fire of weaponized tariffs. These policies will not only hurt working families in the US, but especially harm workers trying to escape poverty in some of the world's poorest countries," said Behar.
To address this situation, Oxfam and ITUC are advocating for an income tax rate of at least 75% on those earning at the highest levels.
This report comes in the heels of an interview where <a href="https://www.benzinga.com/25/04/45037541/trumps-proposed-millionaires-tax-ignites-political-firestorm-within-republicans-doing-so-would-be-political-death-caution-experts">Trump backed the idea of increasing taxes on millionaires</a>, leading to pushback from the more conservative circles in the GOP.
Read Next: 
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<li><a href="https://www.benzinga.com/tech/25/04/45096452/mark-zuckerberg-denies-tilt-towards-donald-trump-says-big-tech-must-work-with-whoever-is-in-power-describes-last-decade-as-painful-maturation-process">Mark Zuckerberg Denies Tilt Towards Donald Trump, Says Big Tech Must Work With &#8216;Whoever&#8217; Is In Power, Describes Last Decade As &#8216;Painful Maturation Process&#8217;</a></li>
</ul>
Image Via Shutterstock

AMZN

CEO Pay Surges 50% Since 2019 As Worker Wages Stall — Oxfam Calls For 75% Tax On Super-Rich Ahead Of International Workers' Day

Macro Economic Events

Econ #s

Economics

U.K. Manufacturing Purchasing Managers Index For April 45.4 Vs. 44.0 Est.; 44.9 Prior

Semiconductor giant Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) made a bold bet on its future, involving diversification across lucrative new verticals, with AI as the foundational enabler for this expansion over the course of this decade.
What Happened: During its <a href="https://benzinga.com/news/earnings/25/04/45115978/qualcomm-beats-q2-expectations-on-earnings-revenue-ceo-highlights-focus-on-critical-factors-we-can-control">second quarter earnings</a> call on Wednesday, Qualcomm reported $6.9 billion in handset chip sales, out of $10.8 billion in total revenue. The company plans to change this by doubling down on four different non-handset verticals, targeting $22 billion in sales from them by 2029.
&#8220;We remain focused on driving the next wave of AI smartphones and growing our non-handset revenues to $22 billion by fiscal 2029,&#8221; the company&#8217;s CEO, Christiano Amon, said during the call.
Qualcomm outlined four key growth verticals, each with revenue targets for 2029. Leading the list was its personal computing segment, where it aims to generate $4 billion in sales by the end of the decade through its Snapdragon platform, with 100 device designs expected to be commercialized by 2026.
See More: <a href="https://www.benzinga.com/25/05/45125965/how-microsoft-plans-to-thrive-during-a-recession-satya-nadella-explains-the-role-of-cloud-solutions-in-weathering-economic-storms">Microsoft Plans To Leverage A &#8216;Malleable Resource&#8217; To Thrive In A Recession, Satya Nadella Explains</a>
The automotive segment follows, with Qualcomm targeting $8 billion in sales by 2029. Extended Reality (XR) and Industrial IoT are projected to contribute $2 billion and $4 billion, respectively. Altogether, these segments are expected to bring in $18 billion, with the remaining $4 billion coming from consumer and networking IoT, edge networking, and AI software.
AI is at the center of Qualcomm's growth strategy, as the company advances on-device AI for mobile and PCs, followed by powering intelligent cockpit and ADAS systems in vehicles via its Snapdragon platform. Its recent acquisition of Edge Impulse further supports this push, enabling developers to build industrial AI solutions across a range of edge use cases.
&#8220;As AI accelerates the next phase of digital transformation, EdgeImpulse, combined with our AI hub, creates a true world-class industrial development platform for the age of intelligence,&#8221; Amon said during the call.
Why It Matters: Qualcomm has made a <a href="https://benzinga.com/tech/25/04/44630304/qualcomm-expands-ai-ambitions-with-acquisition-of-vinais-generative-ai-division">series of acquisitions</a> in recent months to strengthen its AI capabilities. The most recent was MoviaAI, acquired last month, just weeks after the company announced its purchase of Edge Impulse in March. 
The company&#8217;s diversification push comes on the heels of a <a href="https://benzinga.com/etfs/specialty-etfs/25/02/43888012/apples-in-house-modem-chip-sparks-qualcomm-concerns-3-etfs-with-key-exposure">major shift in its customer base</a>. Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), its largest client, recently unveiled its own in-house modem chip. Qualcomm executives said they expect to supply just 20% of Apple's modem chips by 2026, a development that has raised concerns among investors.
Price Action: Despite beating estimates on its second quarter results, Qualcomm shares are down 5.69% in pre-market trade. 
<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/2025/05/01031956/Screenshot-2025-05-01-at-12.49.39-PM-1024x139.png" alt="" class="wp-image-896301" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01031956/Screenshot-2025-05-01-at-12.49.39-PM-1024x139.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01031956/Screenshot-2025-05-01-at-12.49.39-PM-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01031956/Screenshot-2025-05-01-at-12.49.39-PM-768x104.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01031956/Screenshot-2025-05-01-at-12.49.39-PM-1536x208.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01031956/Screenshot-2025-05-01-at-12.49.39-PM.png 1592w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Qualcomm&#8217;s price trend is unfavorable in the short, medium, and long term. For more such insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a>. 
Read More: 
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<li><a href="https://www.benzinga.com/markets/25/05/45125581/dr-doom-sees-us-potential-growth-at-4-by-2030-despite-possibility-of-trump-tariffs-triggering-a-brief-recession-exceptional-growth-around-the-corner">&#8216;Dr Doom&#8217; Sees US Potential Growth At 4% By 2030 Despite Possibility Of Trump Tariffs Triggering A Brief Recession: &#8216;Exceptional Growth&#8217; Around The Corner?</a></li>
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Image Via Shutterstock

Earnings

AAPL

Qualcomm Plans $22 Billion In 'Non-Handset' Revenue By 2029—With AI As Its Trojan Horse

Financial services company, Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), is working towards allowing its 25 million predominantly small, retail customers access to private company shares. 
What Happened: During its <a href="https://benzinga.com/news/earnings/25/04/45118133/robinhood-q1-earnings-highlights-record-trading-volumes-transaction-based-revenues-up-77-gold-subscribers-up-90">first quarter earnings</a> call on Wednesday, Robinhood CEO Vlad Tenev told investors that expanding retail access to private markets was one of its &#8220;top policy priorities.&#8221;
&#8220;We believe it's actually quite crazy that customers can't invest in private companies, given that private companies are staying private longer,&#8221; Tenev said. He pointed to companies like OpenAI and SpaceX, which are valued at hundreds of billions, while still remaining private, noting, &#8220;Those gains are accruing to a smaller and smaller group of insiders.&#8221;
See More: <a href="https://www.benzinga.com/markets/equities/25/05/45126618/sell-in-may-adage-challenged-as-sp-500-posts-gains-in-9-of-last-10-yearsrecent-data-suggests-seasonal-strategy-may-be-outdated">&#8216;Sell In May&#8217; Might Have Rung True Once Upon A Time On Wall Street, But The Popular Adage Rings Hollow Today</a>
Tenev said Robinhood already has the technology in place to enable this access, referring to the tokenization of private company shares. &#8220;What's needed is comprehensive securities legislation,&#8221; he said, adding that current accredited investor rules also need to be reconsidered, as they &#8220;shut out north of 80% of the public currently.&#8221;
The company is currently involved in active discussions on this issue, and there is a willingness among lawmakers and the administration regarding this, according to Tenev, who is confident about making progress.
Why It Matters: Recently, Tenev <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43294972/robinhood-ceo-vlad-tenev-pushes-for-tokenization-to-unlock-private-companies-like-spacex-and-openai-for-more-investors">penned an op-ed</a> for The Washington Post pushing for tokenization, arguing that this would unlock value for companies, investors, and crypto technology. 
Robinhood has been steadily working to <a href="https://benzinga.com/25/03/44530226/robinhood-launches-ai-investment-tool-cortex-to-expand-market-analysis-access-a-premium-research-assistant-right-in-your-pocket">bridge the gap</a> between retail and institutional investors, with its latest step in that direction being the launch of its Cortex AI tool.
It has since also come out with its roboadvisor service, <a href="https://www.benzinga.com/content/44779568/robinhood-strategies-could-be-a-game-changer-for-young-investors">Robinhood Strategies</a>, particularly aimed at younger investors, and offering active portfolio monitoring services with annual fees of 0.25% of assets managed, capped at $250 per year.
Price Action: The stock was down 0.53% on Wednesday, but is up 1.45% pre-market, following the company&#8217;s beat on consensus estimates during its first quarter earnings.
<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/2025/05/01040048/Screenshot-2025-05-01-at-1.30.33-PM-1024x137.png" alt="" class="wp-image-896353" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01040048/Screenshot-2025-05-01-at-1.30.33-PM-1024x137.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01040048/Screenshot-2025-05-01-at-1.30.33-PM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01040048/Screenshot-2025-05-01-at-1.30.33-PM-768x103.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01040048/Screenshot-2025-05-01-at-1.30.33-PM-1536x205.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01040048/Screenshot-2025-05-01-at-1.30.33-PM.png 1616w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
According to Benzinga Edge Stock Rankings, Robinhood scores well on momentum and growth, with a favorable price trend in the short, medium, and long term. For more such insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a>. 
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<li>Read More: <a href="https://www.benzinga.com/markets/equities/25/05/45126778/short-seller-jim-chanos-slams-trumps-reindustrialization-hopes-says-3-per-hour-apple-supplier-foxconn-workers-were-too-expensive-questions-if-those-jobs">Short Seller Jim Chanos Slams Trump&#8217;s Reindustrialization Hopes: Says $3-Per-Hour Apple Supplier Foxconn Workers Were &#8216;Too Expensive&#8217; — Questions If &#8216;Those Jobs Are Coming Back&#8217;</a></li>
</ul>
Image Via Shutterstock

Short Sellers

HOOD

Robinhood Wants To Offer Access To Private Companies Like SpaceX, OpenAI To 25M Retail Investors, CEO Calls Status Quo 'Crazy'

AAMI

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ACCO

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AGCO

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AMWL

APLE

APTV

ARDX

ARVN

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AXTI

BBAI

BIIB

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BPMC

BRFH

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CART

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COHN

COHU

COLM

COMM

COOK

CRAI

CTRE

CUBE

CWST

DBRG

DINO

DSGR

DUOL

DXCM

ECVT

ELME

Earnings Scheduled For May 1, 2025

Economist Mohamed A. El-Erian on Wednesday highlighted gains for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and gold in April, contrasting with the declines in the stock market
What Happened: El-Erian, the Chief Economic Advisor at&nbsp;Allianz, took to X detailing the year-to-date performance of major asset classes.
Since the start of the year, the Dow Jones Industrial Average and S&amp;P 500 have dropped 4.41% and 5.31%, respectively, while gold has gained 24.48%. 
April was a significant down month for stocks. President Donald Trump&#8217;s aggressive tariff measures threw markets into a spiral, forcing the Dow and S&amp;P 500 to fall 3.15% and 1.14%, respectively, during the month. 
Crude oil also endured pressures, with year-to-date losses at 18.84% at the end of April.
In contrast, Bitcoin and gold were among the few winners of the month, rising 13.73% and 3.9%, respectively. Year-to-date, however, the apex cryptocurrency has barely increased, while gold has jumped 24.48%.
<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">Please see below for the usual monthly table of performance for major assets/asset classes. While April was a down month for most, their initial large losses were largely offset by the end of the month. Of the losers, oil led the way with an almost 20% loss. A few assets… <a href="https://t.co/9xYpB0nhBA">pic.twitter.com/9xYpB0nhBA</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1917723645532893304?ref_src=twsrc%5Etfw">April 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/45111384/shiba-inu-burn-rate-skyrockets-2094-what-is-going-on" target="_blank" rel="noreferrer noopener">Shiba Inu Burn Rate Skyrockets 2,094%: What Is Going On?</a>
Why It Matters: These numbers come in the wake of the <a href="https://in.benzinga.com/economics/macro-economic-events/25/04/45098824/tariffs-hit-hard-as-us-economy-shrinks-for-first-time-since-2022">U.S. economy&#8217;s contraction</a> in the first quarter of 2025, marking its first negative growth reading since the second quarter of 2022. This contraction, precipitated by newly imposed trade tariffs, has stoked recession fears.
Notably, Bitcoin was not immune to the macroeconomic pressures as it hit a bottom of $76,000 earlier this month. However, the apex cryptocurrency <a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty">rebounded sharply</a> after Trump announced a 90-day pause on tariffs on countries that have not retaliated&nbsp;against U.S. trade measures.
Price Action: At the time of writing, Bitcoin was exchanging hands at $94,974.24, up 0.19% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Spot gold traded at $3,235.26 an ounce, down 1.63%.
Read Next:&nbsp;
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<li><a href="https://benzinga.com/25/04/45090666/nuclear-armed-india-pakistan-heading-for-war-polymarket-bettors-think-yes-amid-pak-ministers-imminent-attack-rema" target="_blank" rel="noreferrer noopener">Nuclear-Armed India, Pakistan Heading For Conflict Again? Polymarket Bettors Think Yes Amid Pak Minister&#8217;s &#8216;Imminent&#8217; Attack Remark</a></li>
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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>
Image Via Shutterstock

Commodities

Bitcoin, Gold Shine In April While Stocks, Oil Suffer— Mohamed El-Erian Flags Diverging Market Trends

Thousands of people are expected to take to the streets across the country on Thursday for May Day demonstrations, to highlight what organizers say are consolidated <a href="https://www.benzinga.com/personal-finance/25/04/44850551/this-fight-is-only-beginning-unions-resist-trump-executive-order-ending-collective-bargaining-rights-for-more-than-1-million-workers">attacks on labor rights</a> and <a href="https://www.benzinga.com/tech/25/04/44882049/peter-thiels-palantir-bags-30-million-order-from-ice-for-immigrant-tracking-system">immigrant communities</a> under the President Donald Trump administration. The movement is led by a coalition called May Day Strong, grounded in a legacy of worker-led protests across the globe on May 1.
What Happened: Demonstrations to protest policies that are "defunding our schools, privatizing public services, attacking unions, and targeting immigrant families with fear and violence" are scheduled in more than 1000 cities nationwide.
"This is a war on working people," reads a statement on the May Day Strong events page. "We are reclaiming our power from corporate elites, and we will not be intimidated by Trump, Musk, or their billionaire backers. They&#8217;ve ruled for too long."
The White House did not immediately respond to Benzinga's request for comment.
See Also: <a href="https://www.benzinga.com/25/04/45037541/trumps-proposed-millionaires-tax-ignites-political-firestorm-within-republicans-doing-so-would-be-political-death-caution-experts">Trump&#8217;s Proposed Millionaires Tax Draws Fierce GOP Pushback: &#8216;Doing So Would Be Political Death,&#8217; Experts Caution</a>
Why It Matters: This year's protests are expected to surpass previous years in size and scope. Georgetown University labor historian Joseph McCartin <a href="https://www.npr.org/2025/04/30/nx-s1-5382560/may-day-protests-history-trump">told</a> NPR that the broad geographic reach and diversity of participants could make this the most extensive May Day mobilization in U.S. history.
Internationally commemorated as a day for labor solidarity, May Day has always had a tense relationship with the U.S. political landscape. Many Presidents have attempted to rebrand the day, including Eisenhower's "Law Day" and Trump's "Loyalty Day," but activists continue to reclaim the it as a platform for worker rights and immigrant justice.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/25/04/45124644/trump-blames-gdp-contraction-on-biden-overhang-nothing-to-do-with-the-tariffs">Trump Blames GDP Contraction On Biden &#8216;Overhang&#8217;: &#8216;Nothing To Do With The Tariffs&#8217;</a></li>
</ul>
Image via Shutterstock

Nationwide May Day Protests To Condemn Trump Administration's Actions As A 'War On Working People'

Palantir Technologies Inc.‘s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) CEO Alex Karp told a heckler on Wednesday at the Hill &amp; Valley Forum that Silicon Valley must defend its right to debate and "not become a product of an ideology," arguing that true strength comes from open discourse.
What Happened: "If your argument is that strong, why will you not let the other side talk?" he asked, saying, &#8220;The obvious solution to war is to have the West have the strongest, most precise, deadly weapons possible… so that we can minimize unnecessary innocent deaths.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24PLTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PLTR</a> CEO Alex Karp's response to a Palestinian protestor at The Hill &amp; Valley Forum <a href="https://t.co/lyAfGScf0s">pic.twitter.com/lyAfGScf0s</a>
&mdash; Brett Krieger (@BrettKrieger12) <a href="https://twitter.com/BrettKrieger12/status/1917573757440319909?ref_src=twsrc%5Etfw">April 30, 2025</a></blockquote>
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Karp pointed to his new book, The Technological Republic, co-authored with Nicholas Zamiska, which urges a tighter alliance between government and tech to secure Western liberal democracy and maintain a competitive edge over rival powers. He criticized protesters for shutting down debate, warning that those "unwittingly part of an evil force" allow themselves to be weaponized by extremist causes. Karp called on his peers to "fight back" by hosting robust discussions on AI governance, export controls, and the ethics of lethal autonomy.
See also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45126342/sam-altmans-crypto-project-unveils-ai-spotting-gizmo-brings-world-to-the-us">Sam Altman&#8217;s Crypto Project Unveils AI-Spotting Gizmo, Brings &#8216;World&#8217; To The US</a>
Karp warned that ceding control of advanced AI to adversaries risks a future where free expression is crushed under "hierarchical disparity," making the West's commitment to open debate its greatest strategic asset.
Why It Matters: Karp&#8217;s comments come days after Palantir's expanding government presence. The&nbsp;<a href="https://www.benzinga.com/government/regulations/25/04/44972877/palantir-teams-up-with-google-to-supercharge-fedstart-bringing-ai-tools-to-us-government-agencies-on-secure-cloud" target="_blank" rel="noreferrer noopener">company recently partnered&nbsp;</a>with&nbsp;Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)&nbsp;Google Public Sector to enable government agencies to access software applications on Google Cloud's accredited infrastructure with enhanced security compliance.
Palantir CTO Shyam Sankar also recently said President Trump's April executive orders — which make commercial off-the-shelf technology the default for federal procurement and empower agencies to use rapid acquisition tools like Other Transaction Authority — could save billions and <a href="https://www.benzinga.com/government/regulations/25/04/45062012/palantirs-shyam-sankar-backs-trumps-executive-orders-to-prioritize-commercial-tech-in-federal-contracts-the-default-is-commercial-and-this-time-it-has-teeth">broaden contracts</a> to innovative firms.
Price Action: PLTR closed 2.03% higher at $118.44 on Wednesday, despite broader&nbsp;<a href="https://www.benzinga.com/economics/macro-economic-events/25/04/45100047/recession-odds-spike-wall-street-tumbles-as-q1-gdp-surprisingly-contracts-be-patient-trump-responds" target="_blank" rel="noreferrer noopener">market weakness</a>. The relative strength was likely driven by continued momentum following a wave of new defense deals and investor interest ahead of its upcoming&nbsp;<a href="https://www.benzinga.com/government/regulations/25/04/45062012/palantirs-shyam-sankar-backs-trumps-executive-orders-to-prioritize-commercial-tech-in-federal-contracts-the-default-is-commercial-and-this-time-it-has-teeth" target="_blank" rel="noreferrer noopener">earnings report on May 5</a>.
Photo Courtesy: Hiroshi-Mori-Stock On Shutterstock.com
Read next: <a href="https://www.benzinga.com/markets/equities/25/05/45126370/elon-musk-will-remain-tesla-ceo-for-at-least-5-years-says-dan-ives-as-company-calls-replacement-rumors-absolutely-false">Elon Musk Will Remain Tesla CEO For &#8216;At Least 5 Years,&#8217; Says Dan Ives As Company Calls Replacement Rumors &#8216;Absolutely False&#8217;</a>

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Palantir CEO Alex Karp Says Don't Become 'A Product Of An Ideology' As He Urges Silicon Valley To 'Fight Back' With Open Debate On AI And Defense

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Ruanyun Edai Technology

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Ruanyun Edai Technology (NASDAQ:RYET) Stock, Rapport sur les intérêts à découvert

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BENZINGA MONDIAL