Unity Biotechnology (NASDAQ:UBX) Stock

UNITY BIOTECHNOLOGY INC

Unity Biotechnology

Unity Biotechnology Inc designs therapeutics that prevent, halt, and reverse various diseases of aging. The company focuses on clearing senescent cells, and creating senolytic medicines. Its medicines target vulnerabilities to senescent cells to clear those cells from the human body while leaving normal cells unaffected. The firm focuses on age-associated diseases such as osteoarthritis, eye diseases, and pulmonary diseases. Its drug candidates include, UBX1325 is being developed for age-related diseases of the eye, including diabetic macular edema, or DME, UBX2089, which is a circulating hormone which is produced in the kidneys and choroid plexus of the brain, which is being researched for multiple neurology indications, and UBX2050.

Unity Biotechnology Inc

UBIX.Network

U-BX Technology Ltd

UpBots

Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) will release its first-quarter earnings results before the opening <a href="https://www.benzinga.com/quote/FL/earnings">bell on Thursday, May 29</a>.
Analysts expect the New York-based company to report quarterly earnings at 11 cents per share, versus a year-ago loss of 5 cents per share in the year-ago period. According to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, Foot Locker projects to report quarterly revenue at $1.88 billion, compared to $1.9 billion a year earlier.
On May 15, Foot Locker disclosed a definitive deal to be acquired by Dick's Sporting Goods Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>), which values Foot Locker's equity at around $2.4 billion and its enterprise at about $2.5 billion.
Foot Locker shares closed at $23.90 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/fl/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Citigroup analyst Paul Lejuez maintained a Neutral rating and raised the price target from $20 to $24 on May 16, 2025. This analyst has an accuracy rate of 65%.</li>
<li>Baird analyst Jonathan Komp maintained a Neutral rating and boosted the price target from $14 to $24 on May 16, 2025. This analyst has an accuracy rate of 67%.</li>
<li>Barclays analyst Adrienne Yih downgraded the stock from Overweight to Equal-Weight and raised the price target from $14 to $24 on May 16, 2025. This analyst has an accuracy rate of 64%.</li>
<li>Needham analyst Tom Nikic downgraded the stock from Buy to Hold with a price target of $24 on May 15, 2025. This analyst has an accuracy rate of 61%.</li>
<li>JP Morgan analyst Matthew Boss upgraded the stock from Underweight to Neutral and increased the price target from $16 to $24 on May 15, 2025. This analyst has an accuracy rate of 67%</li>
</ul>
Considering buying FL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="556" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29045412/image-374-1024x556.png" alt="" class="wp-image-931099" style="width:604px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29045412/image-374-1024x556.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29045412/image-374-300x163.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29045412/image-374-768x417.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29045412/image-374.png 1108w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Photo via Shutterstock

Earnings

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Pre-Market Outlook

Markets

Analyst Ratings

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Foot Locker Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

C3.ai Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) said that it was positioning itself to tap the $47 billion growing market of AI agents by 2030. The company also highlighted key achievements that were made in collaboration with its &#8220;army of partners.&#8221;
What Happened: The enterprise AI application pure-play announced strong fourth-quarter and full fiscal year 2025 results, revealing its Agentic AI solutions business is already annualizing at an impressive $60 million in recurring revenue.
Speaking during the company&#8217;s fourth quarter earnings call, Chairman and CEO Tom Siebel expressed strong confidence in C3.ai&#8217;s advantageous position.
&#8220;We have today, I think, over 100 Agentic AI solutions deployed out there in defense, in intelligence, in state government, in local government, in manufacturing, in oil and gas, in paper and pulp, and this is a large and rapidly growing business,&#8221; Siebel stated.
He added, &#8220;As of the fourth quarter, this is about a $60 million ARR business. We have, depending on how you count, someplace between 20 and 100 Agentic AI solutions out there in production, in the hands of happy customers.&#8221;
Siebel also said that the company was setting its sights squarely on the burgeoning Agentic AI market, a segment projected to reach a staggering $47.1 billion by 2030, according to Gartner. &#8220;We are well positioned to capitalize on this trend through our production ready solutions,&#8221; he said.
Furthermore, C3.ai highlighted its unique market position, with Siebel stating, &#8220;We&#8217;re the only enterprise AI application pure play that&#8217;s out there. We&#8217;re selling, I think, today in over 600 accounts as of today that we&#8217;re jointly selling with Microsoft.&#8221;
Citing its &#8220;army of partners,&#8221; Siebel highlighted the growth it has achieved because of them.
The robust partner ecosystem, including deepened alliances with Microsoft Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Azure, Amazon.com Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) AWS, Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Cloud, McKinsey&#8216;s QuantumBlack, and a new strategic alliance with PwC, collectively drove 73% of agreements in the past year.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45611941/quantum-computing-stocks-in-focus-pure-play-vs-large-caps-heres-a-look-at-the-valuations" target="_blank" rel="noreferrer noopener">Quantum Computing Stocks In Focus: Pure Play Vs. Large Caps – Here's A Look At The Valuations</a>
Why It Matters: <a href="https://www.benzinga.com/news/earnings/25/05/45657936/c3-ai-stock-jumps-after-q4-results-top-estimates">C3.AI beat analyst estimates</a> on both the top and bottom lines for the fourth quarter. Its fourth quarter revenue came in at $108.7 million, versus estimates of $107.73 million, whereas it reported an adjusted loss of 18 cents, versus estimates of a 20-cent loss.
The company expects first-quarter revenue in the range of $100 million to $109 million, versus the estimates of $105 million. Its fiscal-year 2026 revenue is in the range of $447.5 million to $484.5 million, versus estimates of $467.19 million.
C3.ai shares dropped 3.76% on Wednesday and rose 12.42% in after-hours. It was 33.60% lower on a year-to-date basis and down 3.76% over a year.
Benzinga Edge Stock Rankings shows that C3.ai had a stronger price trend over the short and medium term but a weaker trend over the long term. Its momentum ranking was poor, and its value ranking was moderate at the 52.69th percentile. The details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="138" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29040032/AI-EDGE-1024x138.png" alt="" class="wp-image-931024" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29040032/AI-EDGE-1024x138.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29040032/AI-EDGE-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29040032/AI-EDGE-768x103.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29040032/AI-EDGE.png 1210w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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, fell on Wednesday. The SPY was down 0.58% to $587.73, while the QQQ declined 0.44% to $518.91, 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/general/market-summary/25/05/45604787/cathie-wood-reiterates-profound-ai-application-in-healthcare-as-researchers-discover-cancer-survival-outcomes-by-facial-photograph-analysis-here-are-the-stocks-that-could-benefit" target="_blank" rel="noreferrer noopener">Cathie Wood Reiterates ‘Profound' AI Application In Healthcare As Researchers Discover ‘Cancer Survival Outcomes' By Facial Photograph Analysis: Here Are The Stocks That Could Benefit</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. 
Photo courtesy: Poetra.RH / Shutterstock.com

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Futures

AMZN

GOOG

GOOGL

MSFT

C3.ai Eyes $47 Billion Agentic AI Market By 2030 With $60 Million ARR: 'We Are Well Positioned To Capitalize,' Says CEO

In the wake of a difficult phase at Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), a group of leading pension funds is urging CEO Elon Musk to commit at least 40 hours a week to the automaker. 
What Happened:  A group of major pension funds, managing approximately $950 billion in assets, has sent a letter to Tesla&#8217;s chair, Robyn Denholm, urging for corporate governance reforms to address the current turmoil at the electric vehicle manufacturer, <a href="https://www.ft.com/content/6b528d41-7b0b-43d5-8eac-8bba4c9dcb96">reported</a> the Financial Times.
The letter, signed by 12 long-term institutional investors, which include the New York City Comptroller and the American Federation of Teachers, highlights the need for Musk&#8217;s full-time commitment to Tesla. This demand is seen as a significant escalation in the investors&#8217; efforts to bring about change at the company.
The letter states, &#8220;The current crisis at Tesla puts into sharp focus the long-term problems at the company stemming from the CEO's absence, which is amplified by a Board that appears largely uninterested and unwilling to act in the best interest of all Tesla shareholders by demanding Musk's full-time attention on Tesla.&#8221;
The letter further urged Tesla&#8217;s board to create a succession plan for top executives&nbsp;and appoint a new director&nbsp;who is &#8220;truly independent…with no personal ties to&nbsp;other board members&#8221;.
The pension funds also proposed that Musk&#8217;s new compensation plan should require him to dedicate&nbsp;at least 40 hours a&nbsp;week to Tesla. They worry that his&nbsp;leadership roles at four private&nbsp;companies and his foundation could distract him from his responsibilities at Tesla.
SEE ALSO: <a href="https://benzinga.com/25/05/45659590/bernie-sanders-says-trump-just-announced-hes-reduced-drug-prices-by-85-dares-you-to-go-to-the-pharmacy-and-tell-t" target="_blank" rel="noreferrer noopener">Bernie Sanders Says, &#8216;Trump Just Announced He&#8217;s Reduced Drug Prices By 85%,&#8217; Dares You To Go To The Pharmacy And &#8216;Tell Them Trump Sent You&#8217;</a>
Why It Matters: Despite holding only 0.25% of Tesla&#8217;s shares, the investors&#8217; move underscores the impact of Musk&#8217;s controversial political stance on the company. In May, <a href="https://www.benzinga.com/markets/25/05/45124373/tesla-board-explored-replacing-elon-musk-as-tesla-ceo-a-month-ago-report">reports surfaced</a> that Tesla&#8217;s board had considered replacing Musk as CEO due to significant financial setbacks. However, Musk and Chair Robyn Denholm denied these claims.
The pension funds&#8217; demand for Musk&#8217;s full-time commitment to Tesla underscores the crucial role he plays in the company&#8217;s success and stability. Last week, Musk wrote on X, "Back to spending 24/7 at work and sleeping in conference/server/factory rooms. I must be super focused on X/xAI and Tesla . . . as we have critical technologies rolling out." However, he did not mention the exact amount of time he plans to dedicate to Tesla. 
On Wednesday, Musk announced the end of his role as Special Government Employee leading the Department of Government Efficiency (DOGE), sparking a 2.9% increase in <a href="https://www.benzinga.com/25/05/45661836/tesla-stock-gains-215-after-hours-as-elon-musk-ends-doge-government-role">Tesla&#8217;s stock</a> in overnight trading. This move was seen as a positive sign of Musk&#8217;s renewed focus on Tesla&#8217;s operations. Despite a recent surge, Tesla&#8217;s shares remain 26.5% below their December peak.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/25/05/45646876/fox-news-host-roasts-trumps-mornings-wake-up-watch-cable-news-create-chaos-watch-the-futures-tank" target="_blank" rel="noreferrer noopener">Fox News Host Roasts Trump&#8217;s Mornings: &#8216;Wake Up, Watch Cable News, Create Chaos, Watch The Futures Tank&#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.

Tech

General

TSLA

Tesla Institutional Investors Demand Elon Musk's 40 Hours A Week Commitment Amid Company 'Crisis,' Urge Succession Plan For Top Execs

Business Outlook
For the second quarter of 2025, the Company expects:
<ul>
<li>Deliveries of vehicles to be between 123,000 and 128,000 vehicles, representing a year-over-year increase of 13.3% to 17.9%.</li>
<li>Total revenues to be between RMB32.5 billion (US$4.5 billion) and RMB33.8 billion (US$4.7 billion), representing a year-over-year increase of 2.5% to 6.7%.</li>
</ul>

Guidance

Li Auto Expects Q2 Revenue Of RMB32.5B ($4.5B)-RMB33.8B ($4.7M) Vs RMB32.94B Est, Q2 Deliveries Of 123K-128K, Up By 13.3%-17.9% YoY

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Wednesday.
U.S. stocks settled lower on Wednesday, with the Dow Jones falling more than 200 points during the session. After a sharp Tuesday rally fueled by optimism over improved U.S.-EU trade ties, Wall Street stalled as rising Treasury yields reasserted pressure.
Macy&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) on Wednesday revised its annual outlook on initial and current tariffs, some moderation in consumer discretionary spending, and a heightened competitive promotional landscape. Abercrombie &amp; Fitch Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) reported better-than-expected first-quarter earnings on Wednesday.
On the economic data front, the composite manufacturing index in the US Fifth District rose to -9 in May compared to -13 in April.
All sectors on the S&amp;P 500 closed on a negative note, with utilities, materials and energy stocks recording the biggest losses on Wednesday.
The Dow Jones closed lower by around 245 points to 42,098.70 on Wednesday. The S&amp;P 500 fell 0.56% to 5,888.55, while the Nasdaq Composite declined 0.51% at 19,100.94 during Wednesday's session.
Investors are awaiting earnings results from Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>), Hormel Foods Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) and Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) today.
At a current reading of 64.5, the index remained in the &#8220;Greed&#8221; zone on Wednesday, versus a prior reading of 65.3.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based 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.
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</ul>
Photo via Shutterstock

DELL

Dow Dips More Than 200 Points; Investor Sentiment Declines, But Fear & Greed Index Remains In 'Greed' Zone

<ul>
<li>Total deliveries for the first quarter of 2025 were 92,864 vehicles, representing a 15.5% year-over-year increase. &nbsp;</li>
</ul>
<figure class="table"> 
<table>
<tbody>
<tr>
<td>2025 Q1</td>
<td>2024 Q4</td>
<td>2024 Q3</td>
<td>2024 Q2</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Deliveries</td>
<td>92,864</td>
<td>158,696</td>
<td>152,831</td>
<td>108,581</td>
</tr>
<tr>
<td>2024 Q1</td>
<td>2023 Q4</td>
<td>2023 Q3</td>
<td>2023 Q2</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Deliveries</td>
<td>80,400</td>
<td>131,805</td>
<td>105,108</td>
<td>86,533</td>
</tr>
</tbody>
</table>
</figure>
<ul>
<li>As of March 31, 2025, in China, the Company had 500 retail stores in 150 cities, 502 servicing centers and Li Auto-authorized body and paint shops operating in 225 cities, and 2,045 super charging stations in operation equipped with 11,038 charging stalls.</li>
</ul>

Li Auto Reported Q1 Deliveries Of 92.864K Vehicles, Up By 15.5% YoY

Li Auto Q1 EPS $0.13 Down From $0.17 YoY, Sales $3.57B Up From $3.55B YoY

<h3>Companies Reporting Before The Bell</h3>
• Li Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) is expected to report earnings for its first quarter. 
• SpartanNash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPTN#NASDAQ">SPTN</a>) is expected to report quarterly earnings at $0.43 per share on revenue of $2.86 billion. 
• Hamilton Lane (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLNE#NASDAQ">HLNE</a>) is likely to report quarterly earnings at $1.17 per share on revenue of $170.69 million. 
• Kohl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) is expected to report quarterly loss at $0.22 per share on revenue of $3.06 billion. 
• Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) is expected to report quarterly earnings at $0.39 per share on revenue of $142.11 million. 
• Build-A-Bear Workshop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBW#NYSE">BBW</a>) is likely to report quarterly earnings at $0.87 per share on revenue of $118.90 million. 
• Caleres (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAL#NYSE">CAL</a>) is expected to report quarterly earnings at $0.37 per share on revenue of $622.05 million. 
• Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) is projected to report quarterly earnings at $0.14 per share on revenue of $1.89 billion. 
• Futu Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) is likely to report earnings for its first quarter. 
• American Woodmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMWD#NASDAQ">AMWD</a>) is likely to report quarterly earnings at $1.42 per share on revenue of $426.24 million. 
• Bath &amp; Body Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) is estimated to report quarterly earnings at $0.47 per share on revenue of $1.42 billion. 
• BRP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOOO#NASDAQ">DOOO</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $1.23 billion. 
• Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) is expected to report quarterly earnings at $1.09 per share on revenue of $8.82 billion. 
• Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) is projected to report quarterly earnings at $1.43 per share on revenue of $2.53 billion. 
• Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) is projected to report quarterly earnings at $0.34 per share on revenue of $2.90 billion. 
• Royal Bank of Canada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RY#NYSE">RY</a>) is likely to report quarterly earnings at $2.25 per share on revenue of $11.20 billion. 
• Canadian Imperial Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) is projected to report quarterly earnings at $1.34 per share on revenue of $5.01 billion. 
• Aurora Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) is projected to report earnings for its first quarter. 
• Diana Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DSX#NYSE">DSX</a>) is expected to report earnings for its first quarter. 
• Roivant Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIV#NASDAQ">ROIV</a>) is estimated to report quarterly loss at $0.16 per share on revenue of $62.17 million. 
• Sound Point Meridian Capital, Inc. Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPMC#NYSE">SPMC</a>) is expected to report quarterly earnings at $0.60 per share on revenue of $20.48 million. 
• Destination XL Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXLG#NASDAQ">DXLG</a>) is projected to report quarterly loss at $0.06 per share on revenue of $103.50 million. 
• Alarum Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAR#NASDAQ">ALAR</a>) is projected to report quarterly earnings at $0.01 per share on revenue of $7.31 million. 
• BOS Better Online Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOSC#NASDAQ">BOSC</a>) is estimated to report earnings for its first quarter. 
<h3>Companies Reporting After The Bell</h3>
• Universal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVV#NYSE">UVV</a>) is estimated to report earnings for its fourth quarter. 
• Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) is expected to report quarterly earnings at $4.21 per share on revenue of $62.85 billion. 
• American Eagle Outfitters (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) is estimated to report quarterly earnings at $0.11 per share on revenue of $1.08 billion. 
• Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) is projected to report quarterly earnings at $1.67 per share on revenue of $23.15 billion. 
• Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) is likely to report quarterly earnings at $0.39 per share on revenue of $374.15 million. 
• Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) is likely to report quarterly earnings at $5.77 per share on revenue of $2.81 billion. 
• Red Robin Gourmet Burgers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) is estimated to report quarterly loss at $0.51 per share on revenue of $388.55 million. 
• PagerDuty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>) is projected to report quarterly earnings at $0.19 per share on revenue of $118.98 million. 
• NGL Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGL#NYSE">NGL</a>) is projected to report earnings for its fourth quarter. 
• Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) is likely to report quarterly earnings at $0.43 per share on revenue of $3.41 billion. 
• Zscaler (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) is expected to report quarterly earnings at $0.76 per share on revenue of $667.15 million. 
• NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) is expected to report quarterly earnings at $1.90 per share on revenue of $1.72 billion. 
• Ambarella (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) is expected to report quarterly earnings at $0.04 per share on revenue of $84.01 million. 
• UiPath (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) is expected to report quarterly earnings at $0.10 per share on revenue of $332.81 million. 
• Cooper Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) is likely to report quarterly earnings at $0.93 per share on revenue of $995.81 million. 
• Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) is estimated to report quarterly earnings at $0.61 per share on revenue of $1.88 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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ULTA

Earnings Scheduled For May 29, 2025

With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) to report quarterly earnings at $1.31 per share on revenue of $9.22 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Best Buy shares gained 5.7% to $75.60 in pre-market trading.</li>
<li>Analysts are expecting Hormel Foods Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) to post quarterly earnings at 34 cents per share on revenue of $2.91 billion. The company will release earnings before the markets open. Hormel Foods shares fell 0.5% to close at $30.04 on Wednesday.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) reported first-quarter revenue of $44.1 billion, up 69% year-over-year and up 12% from the fourth quarter. The revenue beat a Street consensus estimate of $43.2 billion. Nvidia reported adjusted earnings of 81 cents per share in the first quarter. Nvidia said it sees econd-quarter revenue of $45.0 billion, +/- 2%. The guidance includes the loss of $8.0 billion in H20 revenue due to the export controls. Nvidia shares gained 5% to $141.61 in the pre-market trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>After the markets close, Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) is projected to report quarterly earnings at 80 cents per share on revenue of $13.15 billion. Dell shares gained 2.4% to $116.50 in pre-market trading.</li>
<li>Analysts expect Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) to report quarterly earnings at $4.24 per share on revenue of $63.19 billion after the closing bell. Costco shares fell 0.5% to close at $1,013.14 on Wednesday.</li>
</ul>
Check This Out:
<ul class="wp-block-list">
<li> <a href="https://www.benzinga.com/markets/25/05/45641430/jim-cramer-says-this-quantum-computing-stock-is-so-high-and-too-speculative">Jim Cramer Says This Quantum Computing Stock Is &#8216;So High&#8217; And &#8216;Too Speculative&#8217;</a> </li>
</ul>
Photo via Shutterstock

NVDA

Nvidia, Best Buy And 3 Stocks To Watch Heading Into Thursday

Kevin O'Leary is on a mission to make AI fluency essential for business leaders—and he's hiring trainers to make it happen.
What Happened: On Wednesday, O&#8217;Leary, fondly known as &#8220;Mr Wonderful,&#8221; shared a video on X, announcing that he&#8217;s hiring professionals to train CEOs on how to use artificial intelligence tools across all areas of business. 
"Mastering AI tools is the new literacy," he wrote. "If you can teach it, you'll have job security for life."
In the video, the "Shark Tank" investor explained that his firm is launching a platform called Wonder Engine to streamline AI solutions for marketing, sales, customer service and more.&nbsp;
"We're choosing amongst all the offerings and creating a package," O'Leary said. "But we need more people to train everybody how to use Wonder Engine."
See Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45548615/alphabet-well-positioned-for-google-search-dominance-analyst-says-can-navigate-the-shift-to-ai-search" target="_blank" rel="noreferrer noopener">Alphabet ‘Well Positioned' For Google Search Dominance: Analyst Says Can ‘Navigate The Shift To AI Search'</a>
<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'm hiring people right now to teach AI to CEOs. Why? Because mastering AI tools is the new literacy. If you can teach it, you'll have job security for life. <a href="https://t.co/ieqHTaJG9D">pic.twitter.com/ieqHTaJG9D</a>
&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href="https://twitter.com/kevinolearytv/status/1927895415677972934?ref_src=twsrc%5Etfw">May 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: O'Leary's remarks signal a growing shift in business culture—AI is no longer just for engineers.
As automation tools become <a href="https://www.benzinga.com/tech/25/05/45613320/ai-is-gutting-entry-level-jobs-and-gen-z-is-paying-the-price-warns-linkedins-aneesh-raman">essential in day-to-day operations</a>, those who can teach and implement them may be some of the most in-demand professionals in the years ahead.
According to data from Statista, the global artificial intelligence (AI) market is projected to reach a value of $244.22 billion in 2025. The market is expected to expand at a compound annual growth rate (CAGR) of 26.6% between 2025 and 2031, eventually reaching a market volume of approximately $1.01 trillion by the end of the forecast period.
Among global markets, the U.S. is poised to lead with an estimated AI market size of $73.98 billion in 2025.
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) are currently the two most valuable companies in the world by market capitalization, a status largely fueled by their strong positions in the rapidly growing AI sector.
Microsoft deepened its AI footprint <a href="https://www.benzinga.com/media/25/05/45634446/microsoft-pulls-ahead-in-ai-race-with-key-partnerships-across-openai-nvidia-and-elon-musks-xai">through a major partnership</a> with OpenAI, embedding advanced AI tools across its cloud services, productivity software and search engine.
Nvidia, meanwhile, <a href="https://www.benzinga.com/news/25/05/45602111/600b-ai-opportunity-nvidias-18000-chip-deal-with-saudi-arabias-humain-puts-middle-east-front-of-the-line-says-wedbushs-dan-ives">supplies the high-performance GPUs</a> that power nearly all modern AI systems, making its hardware essential to the global AI infrastructure.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45599346/why-googles-demis-hassabis-disagrees-with-co-founder-sergey-brin-on-when-agi-will-arrive-and-sets-a-much-higher-bar" target="_blank" rel="noreferrer noopener">Why Google&#8217;s Demis Hassabis Disagrees With Co-Founder Sergey Brin On When AGI Will Arrive: ‘I Have Quite A High Bar&#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.

Kevin O'Leary Wants To Teach Every CEO How To Use AI And He's Hiring People To Do It: 'You'll Have Job Security For Life'

Japan&#8217;s education minister has called on the country&#8217;s universities to welcome international students from Harvard University following the Donald Trump administration&#8217;s <a href="https://www.benzinga.com/25/04/44804541/trump-administration-halts-2-2-billion-in-harvard-grants-after-university-says-dont-dictate-what-we-can-teach-or-who-we-admit">suspension of $2.2 billion in federal grants</a> to the institution.
What Happened: Education Minister Toshiko Abe announced the initiative on Tuesday, citing growing concerns from Japanese students in the United States. &#8220;We will continue to monitor the situation closely and do everything we can to ensure that these eager, talented young people can continue their studies,&#8221; Abe stated during a press conference, <a href="https://www.asahi.com/ajw/articles/15798671">reported</a> The Asahi Shimbun.
The move comes as Harvard faces the potential displacement of thousands of international students, including 110 Japanese students and 150 researchers.
The Trump administration suspended funding after Harvard rejected demands to eliminate diversity, equity, and inclusion programs and implement ideological <a href="https://www.benzinga.com/personal-finance/25/05/45602347/trump-escalates-war-on-ivy-league-harvard-loses-450m-more-in-federal-grants">screening of international students</a>.
Harvard President Alan Garber <a href="https://www.benzinga.com/personal-finance/25/05/45602347/trump-escalates-war-on-ivy-league-harvard-loses-450m-more-in-federal-grants">defended the university&#8217;s position</a>, stating, &#8220;No government should dictate what private universities can teach, whom they can admit and hire.&#8221; The standoff has put nearly $9 billion in federal funding at risk for Harvard and other institutions, including Columbia, Cornell, and Northwestern.
See Also: <a href="https://www.benzinga.com/25/05/45663035/salesforce-declares-multitrillion-dollar-opportunity-with-digital-labor-revolution-jim-cramer-says-crm-is-doing-exciting-things">Salesforce Declares &#8216;Multitrillion Dollar Opportunity&#8217; With Digital Labor Revolution: Jim Cramer Says CRM Is Doing &#8216;Exciting Things&#8217;</a>
Why It Matters: The University of Tokyo announced its support plan on Monday, offering temporary enrollment for displaced Harvard students, <a href="https://www.asahi.com/ajw/articles/15795529">according</a> to The Asahi Shimbun. The program mirrors Tokyo&#8217;s 2022 initiative that supported 20 Ukrainian students fleeing Russia&#8217;s invasion. Students will audit classes and receive completion certificates for future credit transfers.
A federal judge temporarily blocked the Trump administration&#8217;s international student ban on May 23, though the case remains under judicial review. The education ministry plans to coordinate support through the Japan Student Services Organization and will release details of participating universities&#8217; assistance programs.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/market-summary/25/05/45604787/cathie-wood-reiterates-profound-ai-application-in-healthcare-as-researchers-discover-cancer-survival-outcomes-by-facial-photograph-analysis-here-are-the-stocks-that-could-benefit" target="_blank" rel="noreferrer noopener">Cathie Wood Reiterates ‘Profound' AI Application In Healthcare As Researchers Discover ‘Cancer Survival Outcomes' By Facial Photograph Analysis: Here Are The Stocks That Could Benefit</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: f11photo on Shutterstock.com

Education

Politics

Global

Japan's Education Minister Calls On Universities To Take In Displaced Harvard Students After Trump Ban: University Of Tokyo Leads Effort

Futu Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) reported quarterly earnings of $2.02 per share. This is a 96.12 percent increase over earnings of $1.03 per share from the same period last year. The company reported quarterly sales of $603.43 million which beat the analyst consensus estimate of $591.92 million by 1.94 percent. This is a 82.16 percent increase over sales of $331.27 million the same period last year.

Earnings Beats

Futu Holdings Q1 Adj. EPS $2.02 Up From $1.03 YoY, Sales $603.43M Beat $591.92M Estimate

Gerber Kawasaki's CEO and Co-Founder, Ross Gerber, has said he hasn't dumped his Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) position and that his firm still holds the EV giant's shares despite Tesla insider trades and Gerber's <a href="https://www.benzinga.com/25/05/45511328/ross-gerber-slams-teslas-fsd-technology-ahead-of-robotaxi-launch-maintains-bearish-views-on-elon-musks-company-after-dumping-10-stake-in-q1-2025">bearish views</a> on the company.
What Happened: "I have not sold all our tesla stock and we continue to hold 235k shares for clients as per our 13f filings," Gerber said in a post on the social media platform X on Wednesday.
<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">I have not sold all our tesla stock and we continue to hold 235k shares for clients as per our 13f filings. We've continued lowering our exposure to tesla as we have over the last few years. We are not exiting the position for many reasons. <a href="https://twitter.com/search?q=%24tsla&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$tsla</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1927843018570084845?ref_src=twsrc%5Etfw">May 28, 2025</a></blockquote>
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However, the investor reiterated that his firm has continued to sell its Tesla position over the years. "We've continued lowering our exposure to tesla as we have over the last few years," Gerber said before adding that he's not exiting his position "for several reasons."
Why It Matters: Gerber's comments come in as experts like ARK Investment's Cathie Wood <a href="https://www.benzinga.com/25/05/45660989/cathie-wood-ditches-5-6m-more-tesla-while-elon-musk-quits-government-role-doubles-down-on-ai-stock-under-attack-b">sold over $5.6 million worth</a> of Tesla shares ahead of the company's Robotaxi launch in Austin.
Wood's decision follows <a href="https://www.benzinga.com/news/insider-trades/25/05/45651670/tesla-insider-sales-increase-ahead-of-robotaxi-launch-kimbal-musk-ira-ehrenpreis-sell-190m">major insider trades </a>at Tesla, which saw notable board members, including Elon Musk's brother, Kimbal Musk, selling over $31.1 million worth of Tesla stock.
However, Tesla is going full steam ahead despite the trades and is reportedly <a href="https://www.benzinga.com/tech/25/05/45662671/tesla-targets-june-12-for-robotaxi-launch-in-austin-elon-musk-says-company-ramped-up-fsd-testing-a-month-ahead-of-schedule">targeting June 12 </a>for its Robotaxi launch. Musk says that the company has ramped up unsupervised FSD testing on public roads in Austin "a month ahead of schedule."
Musk's decision to leave his role with the Trump administration and DOGE has been met <a href="https://www.benzinga.com/25/05/45661836/tesla-stock-gains-215-after-hours-as-elon-musk-ends-doge-government-role">with positive reception</a>, as Tesla stock surged in value following the billionaire&#8217;s announcement.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="191" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29031820/TSLA-MAY-29-2025-1024x191.jpg" alt="" class="wp-image-930960" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29031820/TSLA-MAY-29-2025-1024x191.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29031820/TSLA-MAY-29-2025-300x56.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29031820/TSLA-MAY-29-2025-768x143.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29031820/TSLA-MAY-29-2025-1536x286.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29031820/TSLA-MAY-29-2025.jpg 1650w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla scores well on Momentum, Growth, and Quality metrics, but offers poor Value. 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!
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:
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<li><a href="https://www.benzinga.com/markets/equities/25/05/45557873/tesla-bull-dan-ives-thinks-elon-musks-ev-giant-could-be-entering-a-golden-era-says-2-trillion-market-cap-on-the-table">Tesla Bull Dan Ives Thinks Elon Musk&#8217;s EV Giant Could Be Entering A &#8216;Golden Era,&#8217; Says 2 Trillion Market Cap &#8216;On The Table&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Despite Bearish Views, Ross Gerber Says Tesla Stake Remains: 'We've Continued Lowering Our Exposure'

The United States has imposed new export restrictions on China, requiring licenses for semiconductor design software, chemicals, and other critical materials as tensions escalate between the world&#8217;s two largest economies.
What Happened: The Commerce Department notified companies over recent days about expanded controls affecting electronic design automation (EDA) software, butane and ethane chemicals, machine tools, and aviation equipment, Reuters reported, citing sources. 
The restrictions target strategic chokepoints to limit China&#8217;s access to products essential for key technology sectors.
Major EDA software providers Cadence Design Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) and Synopsys Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) face significant exposure. Cadence shares plunged 10.7% following the news, while Synopsys dropped 9.6% before recovering 3.5% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>. 
&#8220;We are aware of the reporting and speculations, but Synopsys has not received a notice from BIS,&#8221; CEO Sassine Ghazi told analysts, referring to the Commerce Department&#8217;s Bureau of Industry and Security, the report noted. The company maintained its 2025 revenue forecast despite market volatility.
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45662786/boeing-ceo-kelly-ortberg-targets-year-end-certification-for-737-max-7-max-10-amid-faa-scrutiny-says-variants-are-very-important-to-customers-and-backlog">Boeing CEO Kelly Ortberg Targets Year-End Certification For 737 MAX-7, MAX-10 Amid FAA Scrutiny, Says Variants Are &#8216;Very Important&#8217; To Customers And Backlog</a>
Why It Matters: The Commerce Department confirmed it is &#8220;reviewing exports of strategic significance to China&#8221; and has &#8220;suspended existing export licenses or imposed additional license requirements while the review is pending.&#8221; Officials indicated license requests will be evaluated case-by-case basis rather than implementing an outright ban.
The timing reflects President Donald Trump&#8216;s <a href="https://www.benzinga.com/markets/25/05/45661128/ross-gerber-blasts-trump-for-destroying-nvidias-china-business-gene-munster-says-forget-about-the-china-curbs-because-the-chip-giants-co">continued pressure on China</a> following his January inauguration. Investor Ross Gerber criticized the approach, stating Trump is &#8220;basically destroying&#8221; Nvidia Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) China business. 
However, Deepwater Asset Management&#8216;s Gene Munster urged investors to focus on core AI growth, noting Nvidia&#8217;s business remains &#8220;on fire&#8221; despite Chinese restrictions.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/tech/25/05/45662671/tesla-targets-june-12-for-robotaxi-launch-in-austin-elon-musk-says-company-ramped-up-fsd-testing-a-month-ahead-of-schedule">Tesla Targets June 12 For Robotaxi Launch In Austin, Elon Musk Says Company Ramped Up FSD Testing &#8216;A Month Ahead Of Schedule&#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.
Photo courtesy: Shutterstock

CDNS

SNPS

US Escalates Tech War With China, New Export Curbs To Hit Cadence, Synopsys As EDA Software, Chemicals And Tools Face License Requirements: Report

Telegram CEO Pavel Durov revealed a partnership with Elon Musk&#8216;s xAI, which will see the integration of the Grok AI chatbot into the messaging platform.
What Happened: Durov disclosed on Wednesday that xAI, a startup by Musk, will pay Telegram $300 million for the integration of its Grok AI chatbot, <a href="https://www.cnbc.com/2025/05/28/elon-musk-xai-telegram-grok.html">CNBC</a> reported. This partnership, according to Durov, will significantly bolster Telegram&#8217;s financial standing.
As part of the agreement, Telegram will also receive 50% of the revenue generated from xAI subscriptions sold on its platform. The implementation of the Grok AI technology is expected to be available to Telegram users this summer.
Despite the announcement, Musk later stated on X that &#8220;No deal has been signed,&#8221; to which Durov responded, &#8220;True. Agreed in principle, but formalities are pending.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">No deal has been signed
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1927839555828220165?ref_src=twsrc%5Etfw">May 28, 2025</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">True. Agreed in principle, but formalities are pending.
&mdash; Pavel Durov (@durov) <a href="https://twitter.com/durov/status/1927848037126140042?ref_src=twsrc%5Etfw">May 28, 2025</a></blockquote>
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This development follows the March merger of Musk&#8217;s xAI with X, which valued the AI company at $80 billion and the social media platform at $33 billion.
Meanwhile, Telegram, the Dubai-based messaging platform, recently crossed one billion monthly users and plans to raise at least $1.5 billion through a bond issuance. The app enjoys significant popularity in countries like Russia and Ukraine, where it is extensively used by government officials and military personnel. 
SEE ALSO: <a href="https://benzinga.com/25/05/45659590/bernie-sanders-says-trump-just-announced-hes-reduced-drug-prices-by-85-dares-you-to-go-to-the-pharmacy-and-tell-t" target="_blank" rel="noreferrer noopener">Bernie Sanders Says, &#8216;Trump Just Announced He&#8217;s Reduced Drug Prices By 85%,&#8217; Dares You To Go To The Pharmacy And &#8216;Tell Them Trump Sent You&#8217;</a>
Why It Matters: The integration of the Grok AI chatbot into Telegram is a significant move in the AI industry. This development follows Musk&#8217;s <a href="https://www.benzinga.com/general/social-media/25/02/43535256/palantir-adds-elon-musks-ai-chatbot-grok-to-aip">addition </a>of Grok to Palantir&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) AIP platform in February, further solidifying the chatbot&#8217;s presence in the tech industry.
Meanwhile, the use of Musk&#8217;s AI technology in government agencies, as <a href="https://www.benzinga.com/25/05/45599514/elon-musks-grok-ai-is-quietly-being-deployed-across-us-government-agencies-experts-warn-it-could-breach-privacy-laws-and-create-serious-conflicts-of-interest-report">reported </a>in May, has raised concerns about potential breaches of privacy laws and conflicts of interest. On the other hand, Rep. Marjorie Taylor Greene (R-Ga.) has criticized Elon Musk's AI chatbot, Grok, alleging that it spreads "fake news and propaganda."
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/25/05/45661076/peter-schiff-challenges-jd-vances-bitcoins-safe-haven-assertion-urges-him-to-implement-policies-that-reduce-the-n" target="_blank" rel="noreferrer noopener">JD Vance Said Bitcoin Created Wealth, Peter Schiff Says It Did No Such Thing: &#8216;What Has Happened Is A Massive Transfer Of &#8230;&#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.

PLTR

Elon Musk Says No Deal 'Signed' After Telegram's Pavel Durov Announces $300 Million Partnership With xAI: 'Agreed In Principle, But...'

For the second quarter of 2025, the Company expects the total revenue to be between RMB87.5 million and RMB90.5 million, representing year-over-year growth of approximately 10% to 14%.
 &nbsp;

Aurora Mobile Expects Q2 Revenue Of RMB87.5M-RMB90.5M, Up By 10%-14% YoY

After reporting a better-than-expected first quarter, American lifestyle retailer Abercrombie &amp; Fitch Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) management hinted at absorbing the tariff impact and announced plans to open 100 new &#8220;physical experiences&#8221; in 2025.
What Happened: Company CEO Fran Horowitz highlighted during the earnings call that the firm&#8217;s global supply chain and sourcing teams are working hard to drive efficiency across the supply chain.
&#8220;All of this work will have clear impact and, based on our current assumptions on tariffs, we are not planning broad-based ticket increases,&#8221; said Horowitz, hinting at tariff absorption without any price hikes.
The CFO, Robert Ball, also highlighted that the company was looking to mitigate its average unit retail price to avoid price increases.
&#8220;For AUR specifically, we are currently assuming no AUR mitigation in our outlook as we do not anticipate broad-based ticket price increases,&#8221; he said.
Adding that, &#8220;Net of expected mitigation efforts, the assumed tariffs carry a cost impact of around $50 million for 2025, impacting our full year operating margin outlook by 100 basis points.&#8221;
Furthermore, Horowitz highlighted that they expect to add 100 new &#8220;physical experiences&#8221; on the store&#8217;s front.
Ball added, &#8220;We expect to deliver around 100 new experiences, including 60 new stores and 40 right-sizes or remodels. We also expect to be net store openers, with our 60 new stores outpacing around 20 anticipated closures.&#8221;
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45611941/quantum-computing-stocks-in-focus-pure-play-vs-large-caps-heres-a-look-at-the-valuations">Quantum Computing Stocks In Focus: Pure Play Vs. Large Caps – Here's A Look At The Valuations</a>
Why It Matters: <a href="https://www.benzinga.com/news/earnings/25/05/45643292/abercrombie-fitch-shares-surge-but-lowers-outlook-despite-q1-beat-due-to-tariffs">Abercrombie &amp; Fitch&#8217;s first quarter</a> earnings of $1.59 per share beat estimates of $1.40, and its revenue rose 8% year-over-year to $1.10 billion, topping the consensus of $1.08 billion.
The company expects second-quarter net sales growth in the range of 3% to 5% and EPS of $2.10-$2.30 vs the consensus of $2.53.
It revised FY25 guidance for net sales growth from 3% to 5% to 3% to 6% and EPS from $10.40 to $11.40 to $9.50 to $10.50.
ANF shares surged 14.67% on Wednesday. It was 42.27% lower on a year-to-date basis and down 53.30% over a year.
Benzinga Edge Stock Rankings shows that ANF had a stronger price trend over the short term but a weaker trend over the medium and long term. Its momentum ranking was poor, and its value ranking was solid at the 85.77th percentile. The details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="146" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29030939/ANF-Edge-1024x146.png" alt="" class="wp-image-930942" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29030939/ANF-Edge-1024x146.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29030939/ANF-Edge-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29030939/ANF-Edge-768x109.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29030939/ANF-Edge.png 1210w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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, fell on Wednesday. The SPY was down 0.58% to $587.73, while the QQQ declined 0.44% to $518.91, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/market-summary/25/05/45604787/cathie-wood-reiterates-profound-ai-application-in-healthcare-as-researchers-discover-cancer-survival-outcomes-by-facial-photograph-analysis-here-are-the-stocks-that-could-benefit">Cathie Wood Reiterates ‘Profound' AI Application In Healthcare As Researchers Discover ‘Cancer Survival Outcomes' By Facial Photograph Analysis: Here Are The Stocks That Could Benefit</a></li>
</ul>
Photo courtesy: Chris Redan / Shutterstock.com

Abercrombie & Fitch Absorbs Tariff Impact, No Price Hike Despite $50 Million Cost: Plans To Open 100 New 'Physical Experiences' In 2025

The White House has reportedly chosen to withdraw $400 million in funding that was set aside for states to upgrade their unemployment insurance systems. 
What Happened: Congress originally designated these funds as part of the $1.9 trillion coronavirus relief package passed in 2021. The goal was to upgrade state unemployment systems, which had been overwhelmed during the pandemic, leading to significant fraud and delays in payments to beneficiaries, <a href="https://www.axios.com/2025/05/28/unemployment-states-fraud-labor">reported</a> Axios.
Last week, the Labor Department informed Congress that the grants are being discontinued. The Department&#8217;s report revealed that about 28% of the funds allocated to states—amounting to $219 million—were dedicated to promoting equity. Axios mentioned that &#8220;equity&#8221; in this case refers to efforts aimed at making the unemployment insurance system more accessible and easier to navigate, rather than necessarily in the context of DEI.
&#8220;When I left in December, states had spent about $100 million of the $219 million specifically for equity but only $2 million of the $204 million for IT,&#8221; mentioned Andrew Stettner, who led the modernization efforts during the Biden administration.
Stettner stated that 18 states are presently working on updates to their systems. He warned that pulling this aid now could be disastrous for states just starting these projects.
The Labor Department defended the decision by telling Axios that the grants were &#8220;squandered&#8221; on &#8220;bureaucratic and wasteful projects that focused on equitable access rather than advancing access for all Americans in need.&#8221;
SEE ALSO:<a href="https://benzinga.com/25/05/45661076/peter-schiff-challenges-jd-vances-bitcoins-safe-haven-assertion-urges-him-to-implement-policies-that-reduce-the-need-to-hedge" target="_blank" rel="noreferrer noopener"> JD Vance Said Bitcoin Created Wealth, Peter Schiff Says It Did No Such Thing: &#8216;What Has Happened Is A Massive Transfer Of …&#8217; </a>
Why It Matters: This decision by the Trump administration is a part of its goal to cut fraud and wasteful spending. Elon Musk, <a href="https://www.benzinga.com/25/05/45660989/cathie-wood-ditches-5-6m-more-tesla-while-elon-musk-quits-government-role-doubles-down-on-ai-stock-under-attack-by-short-sellers">who stepped down</a> on Wednesday, was spearheading these initiatives under the Department of Government Efficiency (DOGE).
During his time, DOGE claimed to save $160 billion by eliminating wasteful government spending. However, a recent analysis by the nonpartisan nonprofit agency, Partnership for Public Service (PSP), revealed that DOGE&#8217;s actions could <a href="https://www.benzinga.com/25/05/45661836/tesla-stock-gains-215-after-hours-as-elon-musk-ends-doge-government-role">cost taxpayers</a> up to $135 billion this fiscal year. 
The analysis included costs related to paid leave for federal employees, rehiring of wrongly dismissed workers, and lost productivity. The figure does not account for the costs of defending multiple lawsuits against DOGE&#8217;s actions or the estimated loss in tax collections resulting from IRS staff reductions. 
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/trading-ideas/movers/25/05/45661506/bitcoin-dogecoin-dip-ethereum-gains-as-court-strikes-down-trumps-tariffs-analyst-anticipates-btc-all-time-high-in-a-couple-of-days-if-this-happens" target="_blank" rel="noreferrer noopener">Bitcoin, Dogecoin Dip, Ethereum Gains As Court Strikes Down Trump&#8217;s Tariffs: Analyst Anticipates BTC All-Time High &#8216;In A Couple Of Days&#8217; If This Happens </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.

Trump Administration Axes $400 Million In State Unemployment System Upgrades, Calls It 'Wasteful': Report

Aurora Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) reported quarterly losses of $(0.00) per share. This is a 95 percent increase over losses of $(0.04) per share from the same period last year. The company reported $12.30 million in sales this quarter. This is a 37.65 percent increase over sales of $8.94 million the same period last year.

Aurora Mobile Q1 Adj. EPADS $(0.00) Up From $(0.04) YoY, Sales $12.30M Up From $8.94M YoY

Leading economists are breathing a sigh of relief after a federal court struck down President Donald Trump&#8217;s &#8220;Liberation Day&#8221; tariffs on Wednesday.
What Happened: Economists and legal experts at The Cato Institute, a libertarian think-tank, have come out in support of the ruling by the U.S. Court of International Trade, with a three-judge bench unanimously stating that Trump's use of the International Emergency Economic Powers Act (IEEPA) to justify tariffs overstepped constitutional limits.
The institute&#8217;s Chair of Constitutional Studies, Ilya Somin, who was one of the co-counsels for the plaintiffs in the case, said &#8220;It's great to see the court ruled unanimously against this power grab,&#8221; while adding that the decision makes it clear that &#8220;the President was wrong to claim a virtually unlimited power to impose tariffs.&#8221;
Somin, a professor at the Antonin Scalia Law School at George Mason University, noted <a href="https://reason.com/volokh/2025/05/28/we-won-our-tariff-case/">in</a> a column in Reason magazine that two of the three judges on the panel, Judges Timothy Reif and Jane Restani, were appointed by Republican presidents Ronald Reagan and Donald Trump, respectively.
See Also: <a href="https://www.benzinga.com/25/05/45661563/one-in-four-americans-are-functionally-jobless-the-true-unemployment-metric-thats-raced-to-its-highest-in-months">One In Four Americans Are &#8216;Functionally Jobless&#8217; — The &#8216;True&#8217; Unemployment Metric That&#8217;s Peaked In Recent Months</a>
Economists and legal experts at Cato hailed the decision as a necessary check on executive authority and a much-needed lifeline for import-reliant industries in the country.
The institute&#8217;s Vice President of General Economics, Scott Lincicome, described the ruling as a &#8220;huge and immediate relief&#8221; for 1,000s of American businesses, that were faced with &#8220;potentially crippling new costs&#8221; as a result of the tariffs, through &#8220;no fault of their own.&#8221;
Linciome argues that this gives America&#8217;s foreign trade partners more leverage to re-negotiate the trade agreements that the &#8220;Trump administration broke.&#8221; He also hopes that the ruling stands on appeal, so that &#8220;we can put this costly and embarrassing episode behind us,&#8221; he says.
<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">Statement on today&#39;s tariff ruling from <a href="https://twitter.com/IlyaSomin?ref_src=twsrc%5Etfw">@ilyasomin</a>, who&#39;s the B. Kenneth Simon Chair in Constitutional Studies at the <a href="https://twitter.com/CatoInstitute?ref_src=twsrc%5Etfw">@CatoInstitute</a> and a professor of law at GMU. He&#39;s also co-counsel for the plaintiffs in VOS Selections v. Trump, one of the cases decided in the ruling. /1
&mdash; Cato on Law (@CatoOnLaw) <a href="https://twitter.com/CatoOnLaw/status/1927894429446152419?ref_src=twsrc%5Etfw">May 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Other economists have since weighed in on the ruling, including Justin Wolfers, a professor at the University of Michigan, and a prominent critic of Trump&#8217;s tariffs. 
Wolfers said most of Trump's tariffs were ruled illegal &#8220;because they were based on nonsense,&#8221; calling the court's decision the second-best possible off-ramp for the U.S. economy. The best outcome, he said, would be if Congress reclaimed the tariff authority granted to it by the Constitution.
<figure class="wp-block-embed aligncenter 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">Most of Trump&#39;s tariffs were just ruled illegal (because they were based on nonsense). This is the second best possible off-ramp for the U.S. economy. The best would be if Congress were to take back the power the Constitution gave it. <a href="https://t.co/m2qaPZttZ3">https://t.co/m2qaPZttZ3</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1927908778516574263?ref_src=twsrc%5Etfw">May 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The ruling has led to a <a href="https://www.benzinga.com/25/05/45661057/us-stock-futures-spike-retail-stocks-wmt-amzn-shop-tgt-surge-higher-as-court-blocks-trump-tariffs-nikkei-opens-higher">rally in U.S. stock futures</a>, with the Dow rallying over 400 points. Stocks that are most exposed to foreign trade, such as retailers, witnessed a spike in after-hours trading following the verdict. 
This comes in response to the <a href="https://www.benzinga.com/25/04/44616760/donald-trump-sets-reciprocal-tariffs-on-key-trade-partners-in-historic-policy-shock">aggressive tariffs imposed</a> by Trump nearly two months ago, aimed at correcting the nation&#8217;s expanding trade deficit, which he referred to as &#8220;our declaration of economic independence.&#8221;
The markets <a href="https://www.benzinga.com/markets/equities/25/04/44655719/trump-tariffs-erode-5-trillion-in-market-cap-in-2-days-as-china-retaliates-jerome-powell-warns-of-inflation">witnessed a steep selloff</a> soon after Trump&#8217;s so-called &#8220;Liberation Day,&#8221; wiping out $5 trillion in market capitalization within two days.
The administration&#8217;s <a href="https://www.benzinga.com/markets/equities/25/05/45596317/trumps-trade-spat-with-europe-and-apple-revives-tariff-risks-for-s-p-500">subsequent back-and-forth</a> on the tariffs has resulted in 2025 fast becoming the year of &#8220;extreme market uncertainty,&#8221; with no clarity still in sight. 
Photo Courtesy: bella1105 on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45661836/tesla-stock-gains-215-after-hours-as-elon-musk-ends-doge-government-role">Tesla Stock Gains 2.9% In Overnight Trade As Elon Musk Ends DOGE Government Role</a></li>
</ul>

Government

Trump Wrong To Claim 'Unlimited Power' To Impose Tariffs, Says Legal Scholar, Economists Also Breathe Sigh Of Relief After Tariffs Blocked By Court

Management

Press Releases

UNITY Biotechnology Announces Appointment of Federico Grossi, M.D., Ph.D., as Chief Medical Officer

UNITY Biotechnology Reports Granting of New Employment Inducement Award

UNITY Biotechnology, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results and Business Updates

UNITY Biotechnology Appoints Industry Leader and Ophthalmology Expert Yehia Hashad, M.D., to the Board of Directors

Health Care

UNITY Biotechnology to Host Virtual Investor Event to Discuss 24- and 36-Week Data from the Phase 2b ASPIRE Study of UBX1325 in Patients with Diabetic Macular Edema (DME) on March 24, 2025

UNITY Biotechnology Announces Topline Results from the ASPIRE Phase 2b Study in Diabetic Macular Edema

UNITY Biotechnology, Inc. Reports First Quarter 2025 Financial Results and Business Updates

UNITY Biotechnology Announces Publication in NEJM Evidence Highlighting the Potential of Senolytic Therapeutics to Provide Long-Term Improvements in Vision in DME

UNITY Biotechnology to Present at the ARVO 2025 Annual Meeting

UNITY Biotechnology Announces Complete 36-Week Results from the ASPIRE Phase 2b Study of UBX1325 in Diabetic Macular Edema and Provides Corporate Updates

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