U Power (NASDAQ:UCAR) Stock

U Power

U Power Ltd is involved in the provision of vehicle sourcing services. It is principally engaged in the provision of new energy vehicles development and sales; battery swapping stations manufactory and sales; battery swapping services and sourcing services. The company as a broker engaged in sales of vehicles between automobile wholesalers and buyers, including small and medium-sized vehicle dealers and individual customers located in lower-tier cities in China.

U Power Limited - Class A Ordinary Shares

U Power Ltd

Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) has teamed up with leading video game developer Riot Games to become the exclusive cryptocurrency exchange for&nbsp;Valorant and League of Legends esports global&nbsp;events, according to a Tuesday announcement.
What Happened: The collaboration is set to commence with the VCT Masters Toronto, Riot Games confirmed on its website.
Coinbase is expected to bring a range of fan-facing enhancements, including&nbsp;custom segments, event activations, hospitality&nbsp;promotions and giveaways for Valorant&nbsp;and LoL Esports fans.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We&#39;re happy to welcome <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw">@coinbase</a> as an official partner for LoL Esports and VALORANT Esports global events! <a href="https://t.co/7GQ8gDC4Ms">https://t.co/7GQ8gDC4Ms</a>
&mdash; LoL Esports (@lolesports) <a href="https://twitter.com/lolesports/status/1919791736156475783?ref_src=twsrc%5Etfw">May 6, 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/24/12/42490266/bitcoin-to-180000-ethereum-over-6000-solana-to-500-vanecks-2025-crypto-predictions" target="_blank" rel="noreferrer noopener">Bitcoin To $180,000, Ethereum Over $6,000, Solana To $500: VanEck&#8217;s 2025 Crypto Predictions</a>
Riot Games runs LoL esports leagues and the Valorant Champions Tour, selling corporate sponsorships, goods, and streaming rights for its leagues. The company is wholly owned by Chinese&nbsp;conglomerate&nbsp;Tencent Holdings ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>).
Price Action:&nbsp; Shares of Coinbase were up 1.58% in after-hours trading after closing 1.26% lower at $196.89 during Tuesday&#8217;s regular trading session, 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>. The stock&#8217;s price has plummeted 20.70% year-to-date.
Meanwhile, Tencent shares rose 0.09% in after-hours trading after closing 1.47% higher at $64.89 on Tuesday.
COIN scored very high on growth score—a measure of a stock&#8217;s combined historical expansion in earnings and revenue across multiple time periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> will help you locate similar high-growth stocks for your portfolio.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="503" height="187" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07010438/image-60.png" alt="" class="wp-image-904738" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07010438/image-60.png 503w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07010438/image-60-300x112.png 300w" sizes="(max-width: 503px) 100vw, 503px" /></figure>
Photo Courtesy: Camilo Concha On Shutterstock.com
Read Next: 
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<li><a href="https://benzinga.com/markets/cryptocurrency/25/05/45191302/corporations-will-pour-330-billion-into-bitcoin-by-2029-bernstein" target="_blank" rel="noreferrer noopener">Corporations Will Pour $330 Billion Into Bitcoin By 2029: Bernstein</a></li>
</ul>

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

Cryptocurrency

News

Markets

COIN

TCEHY

Coinbase Stock Trades Higher After-Hours Amid Partnership With League Of Legends, Valorant Developer Riot Games

OpenAI reportedly plans to cut the share of revenue it pays to Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) by at least half by the end of the decade.
What Happened: OpenAI has informed investors that it will reduce the percentage of revenue it shares with Microsoft, its largest backer, reported Reuters on Tuesday (<a href="https://www.theinformation.com/articles/openai-plans-slash-revenue-share-microsoft-restructuring">via</a> The Information).
Currently, OpenAI has an agreement to share 20% of its revenue with Microsoft through 2030. However, internal financial projections shared with investors suggest that figure will drop to just 10% by the end of the decade, the report said, citing private documents.
See Also:&nbsp;<a href="https://benzinga.com/news/25/04/45090231/elon-musk-says-will-come-as-a-surprise-to-most-as-chinas-economy-surpasses-us-and-eu-amid-rising-tariffs-and" target="_blank" rel="noreferrer noopener">Elon Musk Says Will Come As A ‘Surprise To Most' As China's Economy Surpasses US And EU Amid Rising Tariffs And Growing Recession Fears</a>
An OpenAI spokesperson told The Information, "We continue to work closely with Microsoft, and look forward to finalizing the details of this recapitalization in the near future."
OpenAI and Microsoft did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Why It's Important: The latest development comes a day after OpenAI's nonprofit parent <a href="https://www.benzinga.com/markets/25/05/45213089/openai-reverses-course-as-sam-altman-says-nonprofit-will-remain-in-control-amid-elon-musks-lawsuit-and-investor-pushback">decided to retain control</a> over the company.
In January, Microsoft revised certain terms of its agreement with OpenAI following the announcement of a separate joint venture involving Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) and Japan's SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) to <a href="https://www.benzinga.com/general/market-summary/25/01/43184963/nvidia-microsoft-or-oracle-which-among-these-stargate-ai-project-beneficiaries-are-the-least-expensive-to-own">invest up to $500 billion</a> in new AI data centers across the U.S.
Microsoft has stated that its agreement with OpenAI includes reciprocal revenue-sharing provisions and that the core components of their partnership are set to remain active through the end of the contract in 2030, the report said.
Microsoft received a robust growth score of 64.83% from Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare its performance with other major tech firms</a> such as Oracle and SoftBank.
Read Next:
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<li><a href="https://benzinga.com/25/04/45071155/mild-recession-is-best-case-outcome-jpmorgan-ceo-jamie-dimon" target="_blank" rel="noreferrer noopener">JPMorgan CEO Jamie Dimon Warns Recession Is Best-Case Outcome Of Trump Trade War</a></li>
</ul>
Photo Courtesy: Hamara On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

Media

MSFT

ORCL

SFTBF

SFTBY

OpenAI To Slash Microsoft Revenue Share By 2030: Report

Financial Outlook The Company confirms the following guidance on its future results:
<ul>
<li>Product sales expected to grow to €170-180 million in 2025, driving positive cash-flows for the overall commercial business</li>
<li>Total revenues expected to reach €180-190 million in 2025</li>
<li>Total R&amp;D investments expected between €90 - €100 million in 2025, which will be partially offset by grant fundings and anticipated R&amp;D tax credits</li>
<li>Continued stringent focus on cash management supporting sufficient cash runway to reach key inflection points; targeting more than 50% lower operating cash burn in 2025</li>
</ul>

Earnings

Guidance

VALN

Valneva Reaffirms 2025 Outlook: Sales Revenue Projected At €170M-€180M, Total Revenue To Reach €180M-€190M; R&D Investments Of €90M-€100M

Valneva (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VALN#NASDAQ">VALN</a>) reported quarterly sales of $51.23 million which beat the analyst consensus estimate of $40.20 million by 27.44 percent. This is a 44.02 percent increase over sales of $35.57 million the same period last year.

Valneva Q1 Sales $51.23M Beat $40.20M Estimate, Net Loss $9.675M

Financial Outlook
Our Q2'25 and full-year 2025 guidance reflect the recent trends in our marketplace.
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Q2 2025</td>
<td>FY 2025</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Revenue</td>
<td>$105 - $109 million</td>
<td>$425 - $438 million</td>
</tr>
<tr>
<td>y/y growth</td>
<td>11% - 15% y/y growth</td>
<td>9% - 12% y/y growth</td>
</tr>
<tr>
<td>Adjusted EBITDA(1)</td>
<td>$20.0 - $22.0 million</td>
<td>$84 - $90 million</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

FVRR

Fiverr 2025 Outlook: Expects Revenue Of $425M-$438M Vs. $418.66M Est., (Prior $422M-$438M) And Adj. EBITDA Of $84M-$90M

Financial Outlook
Our Q2'25 and full-year 2025 guidance reflect the recent trends in our marketplace.
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Q2 2025</td>
<td>FY 2025</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Revenue</td>
<td>$105 - $109 million</td>
<td>$425 - $438 million</td>
</tr>
<tr>
<td>y/y growth</td>
<td>11% - 15% y/y growth</td>
<td>9% - 12% y/y growth</td>
</tr>
<tr>
<td>Adjusted EBITDA(1)</td>
<td>$20.0 - $22.0 million</td>
<td>$84 - $90 million</td>
</tr>
</tbody>
</table>
</figure>

Fiverr Q2 Outlook: Expects Revenue Of $105M-$109M Vs. $94.663M Est., And Adj. EBITDA Of $20M-$22M

Fiverr International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FVRR#NYSE">FVRR</a>) reported quarterly earnings of $0.64 per share which beat the analyst consensus estimate of $0.59 by 8.47 percent. This is a 23.08 percent increase over earnings of $0.52 per share from the same period last year. The company reported quarterly sales of $107.18 million which beat the analyst consensus estimate of $106.06 million by 1.06 percent. This is a 14.61 percent increase over sales of $93.52 million the same period last year.

Earnings Beats

Fiverr International Q1 Adj. EPS $0.64 Beats $0.59 Estimate, Sales $107.18M Beat $106.06M Estimate

Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) remains committed to its $45,000 starting price for the upcoming R2 electric vehicle despite mounting concerns over global trade tensions and tariffs, CEO RJ Scaringe confirmed during the <a href="https://www.benzinga.com/news/earnings/25/05/45236756/rivian-q1-earnings-double-beat-record-gross-profit-delivery-estimates-lowered-on-tariff-concerns">company&#8217;s first-quarter of 2025 earnings call</a>.
What Happened: &#8220;We&#8217;re not planning changes in our $45,000 starting price. This is important for us,&#8221; Scaringe said, addressing investor concerns about the impact of recent tariffs on EV components. The company expects per-unit tariff impacts of approximately $2,000 for 2025.
Rivian reported <a href="https://www.benzinga.com/news/earnings/25/05/45236756/rivian-q1-earnings-double-beat-record-gross-profit-delivery-estimates-lowered-on-tariff-concerns">better-than-expected first-quarter results</a> with an Earnings Per Share of -$0.41. Revenue reached $1.24 billion, exceeding the street consensus estimate of $1 billion. The company achieved positive gross profit for the second consecutive quarter at $26 million.
See Also: <a href="https://www.benzinga.com/25/05/45242668/cathie-wood-sells-41-million-worth-of-palantir-shares-following-post-earnings-plunge">Cathie Wood Sells $41 Million Worth Of Palantir Shares Following Post-Earnings Plunge</a>
Why It Matters: Despite the strong financial performance, Rivian revised its 2025 delivery guidance downward to 40,000-46,000 vehicles, citing increased price sensitivity in the EV market and a challenging consumer backdrop.
The R2, scheduled for production in the first half of 2026, represents Rivian&#8217;s strategic move into a more affordable market segment. The company has begun validation builds of the R2 prototype and confirmed that its Normal, Illinois, facility expansion remains on schedule, with a planned production shutdown for approximately one month in the second half of 2025 for R2 integration.
CFO Claire McDonough emphasized that R2 will be &#8220;truly transformative for our growth and profitability,&#8221; noting that the company expects &#8220;a faster path to profitability as compared to R1.&#8221;
Price Action: Rivian stock closed at $13.50 on Tuesday, down 0.37% for the day, and fell another 1.56% in after-hours trading to $13.29. Year to date, the stock is up 1.89%.
According to Benzinga Stock Edge Rankings, Rivian shows stronger growth metrics than rivals Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), though it trails Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>). RIVN also exhibits a positive price trend from the short to long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Sign up to learn more</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/05/45242697/bitcoin-ethereum-dogecoin-spike-as-scott-bessents-gears-up-for-trade-talks-with-china-key-btc-stakeholders-moving-in-the-right-direction-towards-100000-target-says-ana">Bitcoin, Ethereum, Dogecoin Spike As Scott Bessent&#8217;s Gears Up For Trade Talks With China: Key BTC Stakeholders &#8216;Moving In The Right Direction&#8217; Towards $100,000 Target, Says Analytics Firm</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: Michael Berlfein via Shutterstock

Equities

LCID

RIVN

TSLA

Rivian Holds Firm On $45K Price For Upcoming R2 Despite Tariff Pressures: CEO RJ Scaringe Says It's 'Important For Us' As EV Maker Tops Q1 Estimates

On Tuesday, Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) CEO Lisa Su said the company is focusing on keeping global customers tied to U.S. AI technologies amid new government rules.
What Happened: During AMD's <a href="https://www.benzinga.com/news/earnings/25/05/45237261/amd-q1-earnings-revenue-eps-beat-driven-by-expanding-data-center-ai-momentum-chipmaker-expects-strong-growth-in-2025">first-quarter earnings</a> call, Su addressed questions about the company's long-term outlook for AI chip sales.
Bank of America Securities analyst Vivek Arya asked Su how much of AMD's nearly $500 billion total addressable market (TAM) for AI accelerators is linked to China, given increasing U.S. export restrictions.
He also pressed her on the potential impact of new U.S. government rules on the diffusion of AI technologies, which are set to take effect May 15.
In response, Su said the company had already accounted for China-related limits in its TAM estimates.
See Also:&nbsp;<a href="https://benzinga.com/25/04/45003790/mark-cuban-slams-amazon-for-ripping-off-american-sellers-as-tariffs-are-predicted-to-boost-ecommerce-brands-profi" target="_blank" rel="noreferrer noopener">Mark Cuban Slams Amazon For ‘Ripping Off American Sellers' As Trump Tariffs Are Predicted To Boost Ecommerce Brands' Profits</a>
"We always expected that there would be some amount of what&#8217;s called limitation on sort of leading edge GPUs going into China," Su said. "So that was factored into our TAM expectation when we talked about $500 billion. I don't think that dramatically changes the TAM."
However, Su underscored that the upcoming AI diffusion rules pose a more delicate challenge.
"We're very actively working with the government as they're thinking through these rules, and it's a very fine balance that we have to have," she said. Su stressed AMD's commitment to making sure U.S. AI companies, including her own, remain the world's primary technology platforms.
"We want to ensure that the rest of the world can really use us as the primary platform," she stated.
Why It's Important: Earlier, it was reported that the Donald Trump administration is <a href="https://www.benzinga.com/25/04/45090935/trump-administration-targets-biden-era-ai-chip-curbs-could-scrap-country-tiers-and-tighten-access-to-nvidias-h100-chips-report">considering a major revision</a> to the Artificial Intelligence Diffusion, which divides countries into three tiers. Officials are now exploring a shift toward a global licensing system based on bilateral agreements.
They are also weighing stricter controls by lowering the exemption threshold for chip purchases. Currently, orders below the equivalent of 1,700 Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) H100 chips do not require an export license and only mandate a notification to authorities.
AMD posted first-quarter revenue of $7.44 billion, surpassing analyst expectations of $7.13 billion. Year-over-year, total revenue rose 36%.
For the second quarter, AMD projects revenue of around $7.4 billion, with a possible variance of $300 million. This outlook exceeds the current analyst forecast of $7.24 billion.
The company also expects a non-GAAP gross margin of 43% for the second quarter, factoring in an <a href="https://www.benzinga.com/government/regulations/25/04/44844097/amd-flags-800-million-risk-from-new-us-chip-export-rules-as-china-tariffs-add-pressure">estimated $800 million in inventory</a>-related charges tied to new export control regulations, as previously disclosed.
Price Action: AMD shares rose 1.72% in after-hours trading, reaching $100.32 at the time of writing, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
According to Benzinga Edge Stock Rankings, AMD holds a growth score in the 66th percentile. Curious how other chipmakers like Nvidia compare? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to view the full rankings</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/AMD"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07000247/Screenshot-2025-05-07-at-9.32.43%E2%80%AFAM.png" alt="" class="wp-image-904707" /></a></figure>
Photo Courtesy: jamesonwu1972 On Shutterstock.com
Read Next: 
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<li><a href="https://benzinga.com/trading-ideas/movers/25/04/45029805/what-caused-sam-altman-founded-world-network-token-to-soar-57-in-a-week" target="_blank" rel="noreferrer noopener">What Caused Sam Altman-Founded World Network Token To Soar 57% in a Week? What Caused Sam Altman-Founded World Network Token To Soar 57% in a Week?</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

NVDA

AMD Always Expected Restrictions On Cutting Edge GPU Exports To China, Says Lisa Su — Working With Trump Administration To Keep US AI Tech Dominant

New Hampshire became the&nbsp;first U.S. state to establish a Strategic Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) Reserve on Tuesday, allowing public funds to be invested in the apex cryptocurrency and other digital assets.
What Happened: Dennis Porter, the founder of the&nbsp;Satoshi Action Fund, revealed in an X post that House Bill 302 was signed into law by the New Hampshire Governor Kelly Ayotte.
The new law authorizes&nbsp;the state treasurer to invest&nbsp;public funds in precious metals and digital assets with a&nbsp;market cap exceeding $500 billion. At present, only Bitcoin qualifies under this criterion. The state can invest in Bitcoin directly or through an exchange-traded product.
Notably, the law limits the investments to 5% of the available public funds.
See Also:&nbsp;<a href="https://benzinga.com/trading-ideas/movers/25/05/45242697/bitcoin-ethereum-dogecoin-spike-as-scott-bessents-gears-up-for-trade-talks-with-china-key-bt" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Spike As Scott Bessent&#8217;s Gears Up For Trade Talks With China: Key BTC Stakeholders &#8216;Moving In The Right Direction&#8217; Towards $100,000 Target, Says Analytics Firm</a>
The Satoshi Action Fund is a nonprofit organization that advocates for&nbsp;pro-Bitcoin legislation across the U.S.
<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">STRATEGIC BITCOIN RESERVE IS LAW! <a href="https://t.co/30zXx9srfJ">pic.twitter.com/30zXx9srfJ</a>
&mdash; Dennis Porter (@Dennis_Porter_) <a href="https://twitter.com/Dennis_Porter_/status/1919789205258916120?ref_src=twsrc%5Etfw">May 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
This development comes in the wake of <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45222346/florida-presses-pause-on-bitcoin-reserve-bill-heres-what-happened">Florida&#8217;s decision to pull back</a> from a similar proposal. The Florida Legislature withdrew House Bill 487, which would have allowed state-managed public funds to be invested in Bitcoin. 
Before this, the Arizona governor vetoed a bill that would have allowed up to 10% of certain state funds to be allocated to digital assets like Bitcoin.
Price Action: At the time of writing, Bitcoin was exchanging hands at $96,484.51, up 2.19% 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.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Photo Courtesy: Wit Olszewski On Shutterstock.com
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</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

$BTC

Bitcoin Reserve Bill Signed Into Law By New Hampshire Governor: Granite State Move Makes It A Pioneer

Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) led the cryptocurrency market gainers list on Tuesday, as the broader market rallied on hopeful trade deal developments.
What happened: The proof-of-work coin surged over 11% in the last 24 hours, hitting levels not seen since Mar. 28. The trading volume jumped 41% to $805 million, making it one of the most traded cryptocurrencies over 24 hours.
The coin moved sideways during the morning hours but erupted during the afternoon, surging to an intraday high of $93.18 by late evening.
LTC's rally outperformed market heavyweights Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), which rose 2.45% and 1.62%, respectively.
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/25/05/45213365/maxine-waters-to-obstruct-cryptocurrency-hearing-plans-shadow-hearing-instead">Maxine Waters Plans Walkout From Crypto Hearing, Will Host &#8216;Shadow Hearing&#8217; Opposing Trump Family Ventures: Report</a>
The rally also galvanized LTC's derivatives market, with Open Interest surging 9.77% to $606 million, the highest in more than two months, <a href="https://www.coinglass.com/BitcoinOpenInterest">according </a>to Coinglass.
Why It Matters: The upsurge was part of a larger cryptocurrency upswing following the announcement that Treasury Secretary Scott Bessent <a href="https://www.benzinga.com/25/05/45242461/donald-trumps-trade-war-sparks-first-major-us-china-talks-scott-bessent-jamieson-greer-to-meet-chinese-delegation-in-geneva">will meet with Chinese officials</a> for trade negotiations.
Additionally, it <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45188301/litecoin-defies-bitcoin-ethereum-dip-ahead-of-sec-etf-decision-a-delay-is-more-likely-says-expert">marked a sharp reversal</a> from the dip after the SEC delayed a decision on a Litecoin exchange-traded fund application.
Analysts have previously stated that LTC could be the <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43047964/litecoin-surges-12-after-analyst-says-altcoin-most-likely-to-have-next-etf-after-bitcoin-ethereum">first altcoin ETF of 2025</a>, with Polymarket bettors expecting a <a href="https://polymarket.com/event/litecoin-etf-approved-in-2025">76%</a> chance of approval as of this writing.
Price Action:  At the time of writing, LTC was exchanging hands at $91.86, up 11.84% 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>.
Photo Courtesy: Wit Olszewski on Shutterstock.com
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45214067/two-dormant-bitcoin-whales-move-325-million-after-a-decade-whats-going-on">Two Dormant Bitcoin Whales Move $325 Million After A Decade: What&#8217;s Going On?</a></li>
</ul>

Movers

Trading Ideas

$ETH

$LTC

Litecoin Beats Bitcoin, Ethereum To Top Crypto Gainers List—Open Interest Hits A Two-Month High

Once a dominant force in the weight-loss industry, WW International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WW#NASDAQ">WW</a>), formerly known as WeightWatchers, is feeling pressure from the disruptive rise of anti-obesity drugs, and is now staring at a bankruptcy process to reorganize its finances. 
What Happened: In a press release on Tuesday, the company announced that it has voluntarily initiated a "pre-packaged" Chapter 11 bankruptcy filing in Delaware. It aims to complete the court-supervised reorganization process within 45 days, &#8220;if not sooner.&#8221;
It plans to eliminate $1.15 billion in debt on its books through this process, helping &#8220;position WeightWatchers for long-term growth and success,&#8221; as it transitions into a telehealth services provider.
See More: <a href="https://www.benzinga.com/25/05/45242461/donald-trumps-trade-war-sparks-first-major-us-china-talks-scott-bessent-jamieson-greer-to-meet-chinese-delegation-in-geneva">Scott Bessent To Meet Chinese Officials For Crucial Trade Talks In Switzerland: Trump Administration</a>
The company says that it will remain fully operational during this reorganization process, and that there will be no impact on its members or the plans they rely on. 
WW International&#8217;s CEO, Tara Comonte, says, &#8220;The decisive actions we're taking today, with the overwhelming support of our lenders and noteholders, will give us the flexibility to accelerate innovation, reinvest in our members, and lead with authority in a rapidly evolving weight management landscape.&#8221;
Once <a href="https://www.benzinga.com/news/earnings/24/02/37379284/weightwatchers-stock-falls-after-q4-results-oprah-winfrey-exits">backed by talk show host</a> Oprah Winfrey, it has been under increasing pressure in recent years amid the rising popularity of GLP-1 drugs like Wegovy and Ozempic, manufactured by Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>), which many consumers see as a more convenient alternative to counting points and calories, according to a <a href="https://edition.cnn.com/2025/05/06/business/weight-watchers-bankruptcy">report</a> by CNN.
Why It Matters: The move to file for bankruptcy comes amid investor Bruce Galloway building a 3% stake in the company two weeks ago, before urging the management not to file for bankruptcy, in a letter addressed to Comonte.
&#8220;We believe [that] if the company files Chapter 11, this will significantly impair the shareholders and be an extreme breach of the Board and Management's fiduciary duty and responsibility,&#8221; he said, before suggesting that the company pursue an out-of-court restructuring by offering equity to debt holders, citing the recent example of Regis Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGS#NASDAQ">RGS</a>).
The company has made several efforts over the years to stay relevant in this rapidly changing weight-loss landscape, with the <a href="https://www.benzinga.com/news/small-cap/23/03/31244013/looking-to-shed-some-pounds-weightwatchers-to-offer-weight-loss-drugs-like-ozempic">most prominent one</a> being its acquisition of telehealth provider, Sequence, which can prescribe popular weight-loss drugs such as Wegovy, Ozempic, and Trulicity. 
It also <a href="https://www.benzinga.com/news/25/04/45073094/weightwatchers-integrates-with-eli-lilly-to-expand-access-to-zepbound-stock-skyrockets-110">entered into a partnership</a> with Eli Lilly &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) recently, in order to give its members access to the latter&#8217;s weight-loss drug, Zepbound. 
Price Action: The stock was up 11.20% on Tuesday, but is down nearly 57% after hours, following the company&#8217;s announcement to file for bankruptcy.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="133" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06223429/Screenshot-2025-05-07-at-8.04.12-AM-1024x133.png" alt="" class="wp-image-904659" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06223429/Screenshot-2025-05-07-at-8.04.12-AM-1024x133.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06223429/Screenshot-2025-05-07-at-8.04.12-AM-300x39.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06223429/Screenshot-2025-05-07-at-8.04.12-AM-768x100.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06223429/Screenshot-2025-05-07-at-8.04.12-AM-1536x200.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06223429/Screenshot-2025-05-07-at-8.04.12-AM.png 1596w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Despite its woes, WW International has a favorable price trend in the short term, according to Benzinga Edge Stock Rankings. For more 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>.
Photo Courtesy: Jonathan Weiss On Shutterstock.com
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<li><a href="https://www.benzinga.com/personal-finance/25/05/45240439/ive-made-no-sacrifice-warren-buffett-has-given-away-60-billion-but-says-giving-time-is-more-admirable-ive-done-little-of-that">&#8216;I&#8217;ve Made No Sacrifice&#8217; — Warren Buffett Has Given Away $60 Billion But Says Giving Time Is More &#8216;Admirable&#8217;: &#8216;I&#8217;ve Done Little Of That&#8217;</a></li>
</ul>

Despite Bruce Galloway's Pushback On Bankruptcy, WeightWatchers Enters Chapter 11; Says Members Won't Be Affected

As tensions rise over U.S. chip restrictions, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang warns that cutting off access to China's booming AI market could hurt not just the company, but American jobs and innovation.
What Happened: Speaking with CNBC on Tuesday, Huang addressed the company's <a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker">$5.5 billion write-off tied</a> to U.S. restrictions on chip sales to China, a critical market for artificial intelligence.
"The world's dynamic today. You've just got to stay agile," Huang said.
See Also:&nbsp;<a href="https://benzinga.com/news/25/04/45090231/elon-musk-says-will-come-as-a-surprise-to-most-as-chinas-economy-surpasses-us-and-eu-amid-rising-tariffs-and" target="_blank" rel="noreferrer noopener">Elon Musk Says Will Come As A ‘Surprise To Most&#8217; As China&#8217;s Economy Surpasses US And EU Amid Rising Tariffs And Growing Recession Fears</a>
He went on to add that China is projected to become a $50 billion AI market within the next two to three years and represents a huge opportunity.
"It would be a tremendous loss not to be able to address it as an American company. It&#8217;s going to bring back revenues. It&#8217;s going to bring back taxes. It&#8217;s going to create lots of jobs here in the United States," the Nvidia CEO stated.
Huang then said that the company will remain flexible and responsive to government policies, stating that it will support whatever is in the nation's best interest. "We'll stay agile and keep moving on."
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Nvidia CEO Jensen Huang: It would be a tremendous loss not to be able to address China&#039;s AI market" width="500" height="281" src="https://www.youtube.com/embed/hgpWi0JlRGA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It's Important: Last week, it was reported that <a href="https://www.benzinga.com/25/05/45182565/nvidia-designing-new-ai-chips-for-alibaba-bytedance-tencent-after-warning-us-export-ban-on-h20-could-cost-the-company-55-billion-report">Nvidia notified key Chinese clients</a> — including Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), ByteDance, and Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) — that it is developing new AI chip models specifically designed to meet U.S. export requirements.
Huang has also warned U.S. lawmakers that export restrictions on AI chips could be giving Huawei Technologies a <a href="https://www.benzinga.com/25/05/45157365/nvidia-ceo-jensen-huang-warns-us-lawmakers-that-export-bans-are-backfiring-fueling-huaweis-rise-in-global-ai-chip-race">competitive advantage</a> in the global AI race.
<a href="https://www.benzinga.com/25/05/45160136/nvidia-blasts-anthropic-for-backing-stricter-chip-bans-on-china-focus-on-innovation-than-tell-tall-tales">Nvidia also criticized</a> AI startup Anthropic for pushing for tougher U.S. export limits on AI chips to China.
Price Action: On Tuesday, Nvidia shares slipped 0.25% during the regular hours, closing at $113.54. In the after-hours trading, it gained 0.85%, reaching $114.50, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Nvidia also earned a strong growth score of 94.67% from Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against</a> other top tech players like Alibaba and Tencent.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/NVDA"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06224937/Screenshot-2025-05-07-at-8.19.31%E2%80%AFAM.png" alt="" class="wp-image-904677" /></a></figure>
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Photo Courtesy: jamesonwu1972 on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BABA

Nvidia CEO Jensen Huang Says Losing Access To China's Potential $50 Billion AI Market Would Be A 'Tremendous Loss'

Leading cryptocurrencies spiked Tuesday on news that Treasury Secretary Scott Bessent <a href="https://www.benzinga.com/25/05/45242461/donald-trumps-trade-war-sparks-first-major-us-china-talks-scott-bessent-jamieson-greer-to-meet-chinese-delegation-in-geneva">will meet Chinese officials for trade talks</a>.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+2.82%</td>
<td>$97,197.36</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.03%</td>
<td>$1,834.96</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.90%</td>
<td>$0.1737</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Following days of consolidation, Bitcoin recaptured $97,000 in the evening, reaching an intraday high of $97,625.81.
The rally also catalyzed Ethereum, pushing the second-largest cryptocurrency within touching distance of $1,850.
Over $326 million was liquidated from the cryptocurrency market in the last 24 hours, with nearly equal amounts of longs and shorts erased.
Speculative interest in Bitcoin soared, as evidenced by the 5% jump in Open Interest in the last 24 hours.
Meanwhile, the percentage of derivatives traders placing bullish long bets on Bitcoin increased to 53%, according to the Long/Short Ratio.
The market sentiment remained in the "Greed" zone, according to the Crypto Fear and Greed Index, suggesting a spike in buying pressure.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. ET)</td>
</tr>
<tr>
<td>Litecoin (LTC)</td>
<td>+11.58%</td>
<td>$93.03</td>
</tr>
<tr>
<td>Pudgy Penguins (PENGU)</td>
<td>+8.17%</td>
<td>$0.0117</td>
</tr>
<tr>
<td>Worldcoin (WLD)</td>
<td>+7.69%</td>
<td>$0.9398</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3 trillion, following a 2% increase in the last 24 hours.
Stocks closed the second straight session in the red. The Dow Jones Industrial Average fell 389.83 points, or 0.95%, to end at 40,829.00. The S&amp;P 500 lost 0.77% to close at 5,606.91, while the tech-heavy Nasdaq Composite slid 0.74%, ending at 17,689.66.
The Fed's decision on interest rates is expected to come Wednesday, with traders pricing in a 97% chance that the 4.25%-4.50% range will remain unchanged, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according </a>to the CME FedWatch tool.
Meanwhile, stock futures spiked Tuesday overnight after the Donald Trump administration confirmed that Bessent will meet Chinese officials for trade negotiations this weekend in Geneva.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Blockchain analytics firm Santiment said Bitcoin's key stakeholders were "moving in the right direction" to justify the $100,000 target in the near future.
"Wallets with the highest correlation with crypto&#8217;s overall market health (10-10K BTC wallets) have accumulated a combined 81,338 more BTC (+0.61% of their holdings) during these past 6 weeks of volatility," the firm added.
<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">&#x1f433; As May progresses, Bitcoin&#39;s key stakeholders are mostly moving in the right direction if you&#39;re rooting for $100K <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> in the near future. Wallets with the highest correlation with crypto&#39;s overall market health (10-10K BTC wallets) have accumulated a combined 81,338 more… <a href="https://t.co/4DKhOwROgx">pic.twitter.com/4DKhOwROgx</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1919872169674461354?ref_src=twsrc%5Etfw">May 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Cryptocurrency analyst Michaël van de Poppe noticed Bitcoin's "solid" chart and expected the apex cryptocurrency to go further north.
"I think we&#8217;ll continue the grind on Bitcoin upwards, the key factor here is whether Gold starts to correct after FOMC tomorrow, indicating that there&#8217;s the start of the business cycle," Van De Poppe 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">A pretty solid chart on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>, which bounces back upwards. I think we&#39;ll continue the grind on Bitcoin upwards, the key factor here is whether Gold starts to correct after FOMC tomorrow indicating that there&#39;s the start of the business cycle. <a href="https://t.co/PGjLqgZ8Ow">pic.twitter.com/PGjLqgZ8Ow</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1919760190175367654?ref_src=twsrc%5Etfw">May 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: Yalcin Sonat On Shutterstock.com
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$DOGE

Bitcoin, Ethereum, Dogecoin Spike As Scott Bessent's Gears Up For Trade Talks With China: Key BTC Stakeholders 'Moving In The Right Direction' Towards $100,000 Target, Says Analytics Firm

On Tuesday, Cathie Wood&#8216;s Ark Invest made significant trades, notably selling shares of Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>). This move comes after Palantir&#8217;s stock faced pressure despite surpassing <a href="https://www.benzinga.com/news/earnings/25/05/45208000/palantir-q1-earnings-revenue-beat-eps-in-line-customer-count-up-39-company-raises-guidance-citing-surging-and-ferocious-growth">first-quarter earnings</a> expectations.
The Palantir Trade saw Ark Invest&#8217;s ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>) sell 376,874 shares of the AI-focused company. The trade was valued at $41.03 million. On Tuesday, Palantir shares closed 12.05% lower at $108.86.
This decision followed Palantir&#8217;s recent earnings report, which, despite exceeding analyst predictions, led to a stock decline. The stock&#8217;s drop is attributed to <a href="https://www.benzinga.com/25/05/45228456/whats-going-on-with-palantir-stock-tuesday">high investor expectations</a>. Palantir&#8217;s shares have surged 332% over the past year and 45% year-to-date, yet the post-earnings dip highlights market volatility.
Analysts remain divided on Palantir&#8217;s future. Some view it as a <a href="https://www.benzinga.com/25/05/45232694/palantir-stock-shows-momentum-with-q1-results-ai-opportunity-analyst-says-generation-tech-name-worth-1-trillion-in-future">key player in the AI sector</a>, predicting a potential $1 trillion market cap within three years. However, others, like Jefferies&#8217; Brent Thill, <a href="https://www.benzinga.com/25/05/45213810/palantir-stock-drops-925-after-earnings-beat-dan-ives-stays-bullish-but-jefferies-brent-thill-says-institutions-still-arent-interested">express skepticism</a> about institutional interest, emphasizing its retail-driven nature.
Palantir remains Ark&#8217;s second-largest holding, accounting for approximately 8.14% of the firm&#8217;s portfolio by weight, with a total value of $421.65 million.
Other Key Trades:
<ul>
<li>Personalis Inc. — Ark Invest&#8217;s ARKG ETF acquired 318,741 shares.</li>
<li>Guardant Health Inc. — 237,374 shares were purchased by ARKK.</li>
<li>Twist Bioscience Corp. — ARKK bought 283,186 shares.</li>
<li>Natera Inc. — 55,623 shares were added to ARKK.</li>
<li>GitLab Inc. — 30,107 shares were acquired by ARKK.</li>
</ul>
Want to know about other buzzing AI Stocks? Benzinga Edge Stock Rankings has you covered. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here</a> to find out more.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="433" height="271" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06210703/Screenshot-2025-05-07-at-10.06.47.png" alt="" class="wp-image-904617" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06210703/Screenshot-2025-05-07-at-10.06.47.png 433w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06210703/Screenshot-2025-05-07-at-10.06.47-300x188.png 300w" sizes="(max-width: 433px) 100vw, 433px" /></a></figure>
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Photo Courtesy: Ira Lichi On Shutterstock.com
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ARKK

PLTR

Cathie Wood Sells $41 Million Worth Of Palantir Shares Following Post-Earnings Plunge

On Tuesday, the Donald Trump administration announced that Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will <a href="https://www.benzinga.com/25/05/45160145/china-says-door-is-open-for-talks-while-it-is-assessing-us-trade-proposal-but-warns-coercion-and-extortion-wont-work">meet with senior Chinese</a> officials this weekend in Geneva, Switzerland.&nbsp;
What Happened: The gathering marks the first major face-to-face discussions between the two countries since the trade conflict began, <a href="https://apnews.com/article/trump-china-trade-switzerland-bessent-2a3335ed92989dc4b3a74ea550b79b3f?user_email=97d05b29432d778bbb1ffb8f16f2769451bf1d6125981f71ceccbe18ec8d01d8&amp;utm_medium=APNews_Alerts&amp;utm_source=Sailthru_AP&amp;utm_campaign=NewsAlert_May06_2025_06:55PM&amp;utm_term=AP%20News%20Alerts">reported</a> the Associated Press.
The Chinese Commerce Ministry confirmed that Vice Premier He Lifeng will represent Beijing during the talks.
The meetings are set to take place amid a backdrop of mounting tariffs, with the U.S. imposing duties of up to 145% on Chinese imports and China retaliating with tariffs of 125% on American goods.
In addition to their Chinese counterparts, Bessent and Greer are also scheduled to meet with Swiss President Karin Keller-Sutter, according to their offices, the report noted.
See Also: <a href="https://www.benzinga.com/media/25/05/45216185/bill-gates-says-trumps-climate-rollbacks-may-have-slowed-progress-but-microsoft-co-founder-doesnt-think-thats-a-permanent-thing-as-americas-commitment-to-clean-energy">Bill Gates Says Trump&#8217;s Climate Rollbacks May Have Slowed Progress, But Microsoft Co-Founder Doesn&#8217;t Think &#8216;That&#8217;s a Permanent Thing&#8217;</a>
Why It&#8217;s Important: In a note published Monday, veteran Wall Street investor Ed Yardeni said he's <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45192936/wall-street-veteran-investor-lowers-recession-risk-as-us-china-trade-war-cools">lowering his estimated probability</a> of a U.S. recession to 35%, down from 45% at the end of March.
The revised outlook, which returns to early March levels, signals increased optimism that tensions over tariffs between the U.S. and China may ease.
Last month, Morgan Stanley economists forecasted that the U.S. and China would initiate negotiations and steadily <a href="https://www.benzinga.com/markets/25/04/45065482/us-china-to-ease-tariffs-gradually-after-complex-talks-says-morgan-stanley-but-cuts-chinas-growth-outlook">reduce tariffs on Chinese imports</a> to 60% by the end of the second quarter. However, they do not anticipate a return to pre-Jan. 25 tariff levels.
The Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) has fallen 5.65% year-to-date, while the SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) is down 4.42%, as uncertainty over the U.S.-China trade war weighs on investor sentiment.
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Photo Courtesy: Tomas Ragina on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Economics

Scott Bessent To Meet Chinese Officials For Crucial Trade Talks In Switzerland: Trump Administration

Seattle-based startup EdgeRunner AI has announced the completion of a $12 million Series A funding round, aimed at advancing its development of offline <a href="https://www.benzinga.com/news/25/04/45047467/goodfire-lands-50m-from-anthropic-silicon-valley-giants-to-open-the-black-box-of-ai-before-it-rewrites-us-first">AI</a> agents tailored for military applications.
The company<a href="https://www.edgerunnerai.com/news/edgerunner-raises-17-5m-to-develop-air-gapped-on-device-ai-for-the-warfighter"> announced</a> last week that the funding round was led by Madrona, with participation from HP Tech Ventures, Four Rivers Ventures, and Alumni Ventures. This investment brings the company&#8217;s total funding to $17.5 million.
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<h2 class="wp-block-heading">How EdgeRunner Is Empowering Soldiers With On-Device Intelligence</h2>
EdgeRunner AI specializes in creating domain-specific AI agents that operate entirely on-device, eliminating the need for internet connectivity. These agents are designed to assist <a href="https://www.benzinga.com/25/02/44001823/china-us-to-begin-military-talks-signaling-possible-de-escalation-beijing-urges-america-first-in-nuclear-disarmament">military</a> personnel in decision-making processes, particularly in roles such as logistics and maintenance. By running AI models locally, the technology ensures low latency, reduced cloud costs, and enhanced data privacy, according to<a href="https://www.geekwire.com/2025/seattle-startup-edgerunner-ai-raises-12m-to-help-military-use-ai-without-the-internet/"> GeekWire</a>.
&#8220;We&#8217;re building the J.A.R.V.I.S. to your Ironman, but we&#8217;re starting with the warfighters first, because they need it,&#8221; co-founder and CEO Tyler Xuan Saltsman told GeekWire. Saltsman brings eight years of experience as an Army officer and logistician, along with roles at Amazon Web Services and Stability AI. Co-founder and Chief Operating Officer Colton Malkerson has a background in enterprise sales at Stability AI and experience within the U.S. government.
According to the company&#8217;s statement, the startup has entered into a Cooperative Research and Development Agreement with the U.S. Air Force Research Laboratory to develop AI agents customized for the&nbsp; Air Force&#8217;s unique occupational specialties. Additionally, EdgeRunner AI has been designated as an &#8220;awardable&#8221; vendor for the Department of Defense&#8217;s Tradewinds Solutions Marketplace, making its platform available to support critical missions across the Pentagon.&nbsp;
Trending: Donald Trump just announced a $500 billion AI infrastructure deal — <a href="https://www.benzinga.com/money/seize-a-share-while-you-still-can-in-the-2-trillion-entertainment-market-with-elf-labs-at-just-2-25-share">here's how you can invest in the entertainment market's next big disruptor at $2.25 per share</a>.
<h2 class="wp-block-heading">Strategic Backing and Industry Recognition Fuel EdgeRunner AI's Climb in Defense Tech</h2>
EdgeRunner AI's momentum is backed by a powerful roster of investors, a coalition of respected firms that brings not only capital but also strategic expertise in scaling breakthrough technologies.
Matt McIlwain, managing director at Madrona, has taken a board seat at EdgeRunner, GeekWire said. In a Madrona <a href="https://www.madrona.com/edgerunner-ai-air-gapped-on-device-agents/">statement</a> last week, McIlwain emphasized the precision of EdgeRunner's approach, calling it "domain-specific, highly intentional, and built to deliver value under the most difficult conditions."&nbsp;
EdgeRunner AI has also been recognized by<a href="https://www.cbinsights.com/research/report/artificial-intelligence-top-startups-2025/"> CB Insights</a>, being named to its AI 100 list, which highlights the most promising private AI companies globally. The company <a href="https://www.edgerunnerai.com/news/edgerunner-ai-featured-at-intel-vision-2025">said</a> it has showcased its technology at Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)'s Vision event, highlighting its advancements in on-device AI for defense. According to a<a href="https://www.linkedin.com/posts/edgerunner-ai_nvidia-aisummit-edgeai-activity-7249776420149735424-NjU_"> LinkedIn</a> post, it also participated in the Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) AI Summit in October, further signaling its rising influence in the military technology landscape.
See Also: Shark Tank's Kevin O'Leary called Missing Ring his biggest mistake — Don't repeat history—<a href="https://www.benzinga.com/money/big-tech-has-spent-billions-acquiring-ai-smart-home-startups-one-company-stands-to-benefit-and-has-already-made-10-million">invest in RYSE at just $1.90/share.</a>
<h2 class="wp-block-heading">EdgeRunner AI Eyes Expansion as Demand Grows for Secure Tech Solutions</h2>
With the new funding, EdgeRunner AI plans to expand its team and invest further in product development. The company said in its statement last week that it aims to enhance its platform&#8217;s capabilities, ensuring that military personnel have access to reliable AI tools, even in environments with limited or no internet connectivity.
EdgeRunner is actively hiring across engineering, operations, and customer experience roles in preparation for its next phase of development, according to its <a href="https://www.edgerunnerai.com/careers/">website</a>.
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INTC

EdgeRunner AI Raises $12M Series A With Support From HP, Madrona, And Alumni Ventures To Advance Air-Gapped AI For Defense

India has launched missile strikes into Pakistani-controlled territory. The strikes resulted in at least eight deaths, as confirmed by Pakistani security officials on Tuesday.
What Happened: India fired missiles into Pakistani-controlled territory, causing multiple casualties. The Indian government claimed that the strikes were aimed at militant infrastructure, <a href="https://apnews.com/live/india-pakistan-attack-pahalgam-kashmir">reported</a> AP News.
The missile strikes come in the wake of a deadly attack on tourists in the disputed Kashmir region last month, which led to a severe strain in India-Pakistan relations. India has accused Pakistan of supporting the massacre, which resulted in the death of 26 men, mostly Indian Hindus — an accusation Pakistan vehemently denies.
Pakistan&#8217;s military spokesperson confirmed that six locations were hit by the missile strikes, resulting in eight deaths and 38 injuries. The Indian Defense Ministry, on the other hand, stated that&nbsp;at least nine sites were&nbsp;targeted, all of which were allegedly planning terrorist attacks against India.
In retaliation to the strikes, Pakistan&#8217;s Prime Minister&nbsp;Shehbaz Sharif&nbsp;stated, &#8220;Pakistan&nbsp;has every right to give&nbsp;a robust response to this&nbsp;act of war imposed by&nbsp;India, and a strong response&nbsp;is indeed being given.&#8221; The Indian army reported&nbsp;that Pakistan fired artillery along&nbsp;the de facto border in&nbsp;Bhimber Gali in India-controlled Kashmir.
The U.S. secretary of state, Marco Rubio, expressed his hope for a swift end to the conflict and pledged to continue engaging with both Indian and Pakistani leadership towards a peaceful resolution.
President Donald Trump said on Tuesday that the conflict "ends very quickly" and labeled it "a shame."
Photo Courtesy: xbrchx on Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

General

India Fires Missiles Into Pakistani Territory, Trump Hopes Fighting Between Nuclear Rivals 'Ends Very Quickly'

Some people surprise their spouses with flowers. Others go big with vacations or jewelry.
But when you're Mark Zuckerberg, you think bigger. Like, 7 feet tall and made of turquoise and silver bigger.
The Meta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO famously <a href="https://www.benzinga.com/general/entertainment/24/08/40411578/meta-ceo-mark-zuckerberg-commissions-statue-of-wife-priscilla-chan-sparks-online-buzz-bring">commissioned a towering sculpture of his wife</a>, Priscilla Chan, last August. At the time, the internet did what it does best—<a href="https://www.instagram.com/p/C-naZ9NvQNu/?igsh=MXZrcm9lZHVlNWhqNQ==">memed it into oblivion</a>. Avatar comparisons, jokes about what he must've done wrong, and memes telling women to "get a man who builds you a statue" filled social feeds.
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Now, almost a year later, Zuckerberg finally revealed what Priscilla actually thought of the gesture.
In an interview last week on the "<a href="https://youtu.be/zbfOkhrgxH0?si=rE5daEOfvVQ55Lul">This Past Weekend w/ Theo Von" podcast</a>, Zuckerberg admitted, "I don't think she was that happy with it." He added, "She doesn't want a sculpture of her in the front lawn—that's weird."
Still, he noted, "She's a good sport about it."
<h2 class="wp-block-heading">Not Exactly a "Magical Date"</h2>
When Theo Von asked if Zuckerberg had ever taken his wife on a "magical" dream date that <a href="https://www.benzinga.com/25/04/45093311/not-everyone-needs-a-thousand-ai-engineers-but-for-those-who-do-zuckerberg-says-meta-will-gladly-build-it-for-a-price">most people could only imagine</a>, the billionaire shrugged off the idea.
"She's pretty simple on this stuff," he explained. "I think most of the—you know, I like doing, I like making things."
And "making things" is exactly what led to the statue.
"I've always admired Daniel Arsham," Zuckerberg said, referring to the well-known pop sculptor. "We worked with him to make this sculpture of Priscilla because I thought it was cool."
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Why not a statue of himself? Zuckerberg was quick to shut that down.
"I'm not going to make a sculpture of myself. That's crazy, right? Like, who the [bleep] does that?"
So instead, Priscilla became the "target of my creative energy," he said.
<h2 class="wp-block-heading">‘This Is the Thing I Did Wrong'</h2>
The memes that followed the statue's unveiling didn't go unnoticed.
"There's all these memes online where people are like, ‘Wow, I wonder what Zuckerberg did wrong that he had to make a sculpture of his wife,'" he told Von. "And I'm like, no, you guys are totally missing this. This is the thing I did wrong."
Zuckerberg joked that if he ever did do something serious, people would have to wait and see what kind of over-the-top apology art he'd dream up next.
"She doesn't want a sculpture of her in the front lawn. It's like—that's weird," he repeated.
Still, he said Priscilla appreciated the effort. "I think she thinks it's sweet… There's a lot of more destructive things I could be doing with my creative energy."
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<h2 class="wp-block-heading">His Creativity Doesn't Stop at Statues</h2>
The statue wasn't Zuckerberg's only grand gesture. He also mentioned he once designed a <a href="https://www.benzinga.com/personal-finance/25/04/45124694/mark-zuckerberg-says-his-wife-wanted-a-minivan-so-he-designed-a-porsche-hes-pretty-sure-should-exist-and-made-it-a-his-and-hers-set">custom Porsche minivan for Priscilla</a>.
"I like cars, but I'm not going to design a supercar for myself," he explained. "Let's design a sweet minivan for my wife."
According to Zuckerberg, "trying to be creative and show her some creativity" is his version of romance.
As for that massive sculpture? At least the DoorDash drivers know exactly where to leave the food.
"Just set it by the sculpture," Zuckerberg laughed.
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Personal Finance

'That's Weird'—Mark Zuckerberg Gifted His Wife A 7-Foot-Tall Turquoise Statue Of Herself, But Says, 'I Don't Think She Was That Happy With It'

The agreement entered into is between WeightWatchers and holders of approximately 72% of the outstanding principal amount of the Company's term loan facility, revolving credit facility, and 4.5% senior secured notes, who have committed their support for the Transaction. To effectuate the Transaction, WeightWatchers has voluntarily initiated "pre-packaged" chapter 11 cases in the United States Bankruptcy Court for the District of Delaware (the "Court"). The Company expects to move through this process swiftly, with the goal of emerging from the court-supervised reorganization process in approximately 45 days, if not sooner.

Financing

WeightWatchers Files For 'Pre-Packaged' Chapter 11 Bankruptcy Aiming For Swift 45-Day Court-Supervised Reorganization

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