Frontier Comms Parent Inc 주식 (NASDAQ: FYBR)

Frontier Comms Parent Inc (NASDAQ:FYBR) 주식

Frontier Communications

Frontier Communications Parent Inc is a communications and technology provider offering broadband services. The company provides voice services, including data-based voice over Internet protocol (VoIP) and unified communications as a service (UCaaS), as well as long-distance and voice messaging services, to consumer and business customers in all its markets.

benzinga_deal_dispatch2

News

Markets

AMPS

BLCO

BTBT

FYBR

LBPH

LSPD

MSGM

NVAX

PDCO

SNDR

TCEHY

UBSFF

USAP

새로이 등장한 블록 치과용품 제조업체인 패터슨 컴퍼니즈(NASDAQ:PDCO)가 주주 가치를 높이기 위해 매각 또는 합병을 포함한 전략적 옵션을 모색 중이라고 목요일 발표했다. 이 회사는 거래 과정을 2분기 재무 보고서의 일환으로 공개했다.

딜 디스패치: 유비소프트는 매각 협상 중, 패터슨은 매각 탐색 중, 프로마의 레카로 인수 등

Deal Dispatch

Asset Sales

PRPH

WOLF

뉴 온 더 블록 아리 엠마누엘(Ari Emanuel)의 스포츠 및 엔터테인먼트 대기업인 엔데버 그룹 홀딩스(NYSE:EDR)는 마이애미 오픈 및 마드리드 오픈 테니스 토너먼트를 포함한 IMG 테니스 자산 매각 가능성을 검토하고 있다. IMG의 다른 자산 대부분은 UFC(얼티밋 파이팅 챔피언십) 및 WWE(월드 레슬링 엔터테인먼트)의 모회사인 TKO 그룹 홀딩스(NYSE:TKO)와의 목요일에 발표된 거래에 포함되었다.

딜 디스패치: UFC, WWE 모회사 TKO가 불 라이딩 인수; 엔데버가 테니스 자산 매각 검토 등

Verizon Communications Inc. (VZ)

SPDR Series Trust SPDR Portfolio S&P Sector Neutral Dividend ETF

SPDG

버라이즌 커뮤니케이션스(NYSE:VZ)는 이전에 발표한 자발적 퇴사 프로그램으로 인해 3분기에 17억~19억 달러의 퇴직금 충당금을 책정할 것으로 예상한다.

버라이즌은 3분기에 직원 해고 및 자산 매각을 위해 최대 19억 달러의 비용 책정 예상

Frontier Communications Parent, Inc. - Common Stock

Frontier Communications Parent Inc

The past week has been a rollercoaster ride for the financial world. From the Federal Reserve&#8217;s unchanged interest rates to Mark Cuban&#8217;s probing questions about the U.S. economic shift, the week was filled with significant events.
Let&#8217;s dive into the top stories that made headlines.
Fed&#8217;s Powell Revives &#8216;Transitory&#8217; Inflation Talk&nbsp;
The Federal Reserve, led by Chairman Jerome Powell, left interest rates unchanged at 4.25%-4.50% this week. Despite the Fed&#8217;s projection of two rate cuts in 2025, the latest dot plot reflects lower growth and higher inflation, sparking concerns about stagflation. Economists are questioning the Fed&#8217;s confidence in easing inflation, warning of potential policy missteps and rising recession risks.
<a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44406928/economists-react-to-powell-we-are-now-seeing-the-stag-and-the-flation">Read the full article here.</a>
Mark Cuban Questions Motives Behind Economic Shift
 Amid the ongoing U.S. economic overhaul, billionaire Mark Cuban has raised questions about the interests of those in charge. He contrasted the difference between turning around a corporation and a country, calling the 330 million citizens the directors of the corporation. Cuban&#8217;s comments came in response to a post that praised the current economic churn and criticized DOGE for being too timid.
<a href="https://www.benzinga.com/25/03/44431190/billionaire-mark-cuban-questions-motives-behind-national-turnaround-efforts-asks-who-will-be-worse-off-in-the-us-economic-shift">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/global/25/03/44430545/80-tesla-vehicles-damaged-at-dealership-in-hamilton-a-series-of-mischief-says-police" target="_blank" rel="noreferrer noopener">80 Tesla Vehicles Damaged At Dealership In Hamilton: ‘A Series Of Mischief,' Says Police</a>
Treasury Secretary Scott Bessent: A &#8216;Deficit Hawk&#8217;
 In a recent podcast episode, Treasury Secretary Scott Bessent discussed President Donald Trump&#8217;s economic plan and the importance of lowering debt and deficit. Despite identifying himself as a &#8220;deficit hawk,&#8221; Bessent admitted that he sometimes needs to coax Republicans not to cut spending &#8220;all at once.&#8221;
<a href="https://www.benzinga.com/25/03/44396136/treasury-secretary-scott-bessent-calls-himself-a-deficit-hawk-but-has-to-coax-gop-against-aggressive-cuts-says-he-is-completely-aligned-with-elon-musk-on-doge">Read the full article here.</a>
Ray Dalio Warns of Imminent Debt Crisis
Bridgewater Associates founder Ray Dalio has raised concerns about the U.S.&#8217;s national debt, predicting an imminent crisis. Dalio pointed out a severe imbalance between supply and demand, noting that the debt-to-GDP ratio has reached 122%, surpassing the nation&#8217;s economic output. He warned that the U.S. might soon face difficulties selling its debt.
<a href="https://www.benzinga.com/25/03/44345022/ray-dalio-has-a-chilling-warning-for-president-trump-debt-crisis-is-imminent-and-an-issue-of-paramount-importance">Read the full article here.</a>
Canada&#8217;s Retaliatory Tariffs Draw Criticism
In response to the Trump administration&#8217;s recent trade measures, Canada has introduced retaliatory tariffs against the U.S. Commerce Secretary Howard Lutnick criticized Canada&#8217;s &#8220;tone deaf&#8221; approach ahead of a meeting with Canadian officials.
<a href="https://www.benzinga.com/news/global/25/03/44344906/canadas-retaliatory-tariffs-against-us-draw-commerce-secretary-howard-lutnicks-ire-who-thinks-they-are-tone-deaf-the-british-didnt-respond-the-mexicans-didnt-respond">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://in.benzinga.com/news/25/03/44275192/perhaps-ray-dalio-has-different-data-but-grok-thinks-elon-musk-publicly-corrects-the-legendary-investor-over-china">&#8216;Perhaps Ray Dalio Has Different Data, But Grok Thinks…&#8217;—Elon Musk Publicly Corrects The Legendary Investor Over China</a></li>
</ul>
Photo courtesy: Shutterstock
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/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Economics

Jerome Powell's Stagflation Fears, Mark Cuban's Economic Queries, And Ray Dalio's Debt Warning: This Week In Economics

The past week has been a whirlwind of news, with the Trump administration making headlines on multiple fronts. From a shake-up in the education sector to controversial deportation practices, the administration&#8217;s actions have sparked widespread discussion. Let&#8217;s dive into the top stories of the week.
Trump Dismantles Department of Education
President Donald Trump has signed an executive order aimed at dismantling the U.S. Department of Education. The order also transfers federal student loan servicing to the Small Business Administration. Trump&#8217;s order instructs Education Secretary Linda McMahon to facilitate the dissolution of the Department of Education and return educational authority to the states.
<a href="https://www.benzinga.com/general/education/25/03/44444175/trump-orders-steps-to-dismantle-department-of-education-what-it-means-for-student-loans">Read the full article here.</a>
Revised Terms for Access to Ukraine&#8217;s Resources
The Trump administration is pushing for revised terms to access Ukraine's critical minerals and energy assets. This move is part of a larger strategy to secure a peace agreement with Russia. The U.S. is persuading Kyiv to agree to comprehensive terms about the ownership and control of a joint investment fund.
<a href="https://www.benzinga.com/25/03/44435337/trump-administration-pushes-for-revised-terms-to-access-ukraines-critical-resources-amid-peace-talks-report">Read the full article here.</a>
Trump Administration&#8217;s Deportation Practices Under Scrutiny
A federal judge has criticized the Trump administration for its handling of Venezuelan deportation flights. The administration has been accused of not providing sufficient details about the flights and failing to respond adequately to a court order.
<a href="https://www.benzinga.com/25/03/44428767/trump-administration-failed-to-respond-to-court-order-on-deportation-flights-explain-non-compliance-by-tuesday-says-judge">Read the full article here.</a>
Bill Gates Warns of Global Health Funding Gaps
Microsoft Corp. co-founder, Bill Gates, has urged the Trump administration to maintain funding for international health initiatives. Gates warned that his foundation cannot compensate for the potential shortfall caused by cuts to the U.S. Agency for International Development (USAID).
<a href="https://www.benzinga.com/25/03/44392153/bill-gates-cautions-trump-administration-his-foundation-cannot-bridge-global-health-funding-gaps-amid-usaid-cuts-reports">Read the full article here.</a>
US-EU Tensions Escalate
French MEP Raphael Glucksmann has criticized the Trump administration&#8217;s stance on U.S.-European relations. Glucksmann&#8217;s comments came in response to a statement made by White House spokesperson Karoline Leavitt, leading to an escalation in tensions between the U.S. and EU.
<a href="https://www.benzinga.com/25/03/44389618/trump-press-secretary-blasted-by-french-mep-over-statue-of-liberty-reaction-if-hundreds-of-thousands-of-young-americans-had-not-landed-on-our-beaches">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44447865/jamie-dimon-reveals-he-will-remain-jpmorgans-ceo-for-few-more-years-jokes-he-wont-swear-this-time">Jamie Dimon Reveals He Will Remain JPMorgan&#8217;s CEO For &#8216;Few More Years,&#8217; Jokes He Won&#8217;t Swear This Time</a></li>
</ul>
Photo courtesy: Shutterstock
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/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Politics

Global

Trump's Education Overhaul, Ukraine Resource Access, Deportation Controversy, And US-EU Tensions: This Week In Politics

For 20 years, one Redditor dedicated themselves to a frugal lifestyle, prioritizing financial security over luxury. Now, at 51 and facing a cancer diagnosis, they wonder: Was it all worth it?
<h2 class="wp-block-heading">A Lifetime of Sacrifices</h2>
In a now-viral <a href="https://www.reddit.com/r/Frugal/comments/1j1bsyv/i_have_been_frugal_the_last_20_years_and_now_i_am/">post</a> on the r/Frugal subreddit, user Bib_fortune shared their dilemma. Thanks to decades of careful budgeting, they own their home outright and have solid savings and investments. But their frugality came at a cost: driving old, unreliable cars and skipping out on the finer things in life. Meanwhile, their sister—who struggles with money—has always enjoyed new cars, expensive clothes, and a seemingly lavish lifestyle.
&#8220;I always thought my life choices were the right ones, thinking of the future&#8230; until I was diagnosed with cancer four months ago,&#8221; they wrote.
Don't Miss:
<ul>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> this is your last chance to become an investor for $0.80 per share.</a></li>
<li>This Startup Is On The Brink Of A Huge Disruption To The $654 Billion Industry – <a href="https://www.benzinga.com/money/venhub-adv">Invest In It Before It Fulfills 800 Pre-Orders</a></li>
</ul>
Now, with an uncertain prognosis, they're questioning whether their sacrifices were worth it. &#8220;If I die in three years, my sister will be rewarded with my estate (don&#8217;t get me wrong, I love my sister, but [it] is not my life goal to support her lifestyle).&#8221;
<h2 class="wp-block-heading">Should They Finally Indulge?</h2>
One thing on their mind is <a href="https://www.benzinga.com/news/large-cap/24/12/42427200/amazon-autos-buy-your-next-car-online-its-just-a-click-away">buying a brand-new car</a>—something they've never done. But they worry that splurging now might be for the wrong reasons. &#8220;I am considering buying a brand-new car&#8230; but at the same time, I think I would be doing it for the wrong reasons.&#8221;
Redditors quickly chimed in with advice, and the overwhelming consensus was that this was exactly what they'd been saving for.
&#8220;<a href="https://in.benzinga.com/news/25/03/44408726/got-laid-off-so-i-went-all-in-on-living-frugally-redditor-shares-how-they-saved-big-and-why-these-tips-may-be-more-important-than-ever">Frugality has its rewards</a>. One is deciding when and how to spend it,&#8221; one user responded. &#8220;Your cancer may not take you that fast, but you have time to enjoy yourself. Go for it.&#8221;
Trending: ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a>
Another echoed that sentiment, emphasizing that the <a href="https://www.benzinga.com/personal-finance/25/01/42771996/this-is-unhinged-a-reddit-user-asks-others-for-extreme-acts-of-frugality-they-witnessed-and-the-replies-are-shockingly-entertaining">key to frugality</a> isn't just saving but also knowing when to enjoy what you've saved. &#8220;I think this is [what] people miss about being frugal. I just spent ~$1000 in Key West for my 40th. I regret nothing. Had I spent $1000 at a casino? I would have regretted it.&#8221;
Many urged the OP to take a balanced approach. &#8220;I don't think you have to overhaul your entire life. Just get the things you like, e.g., a nice car, a trip somewhere, and some nice clothes, etc.&#8221;
<h2 class="wp-block-heading">What's Money For?</h2>
This post sparked a larger discussion about the purpose of money. Many Redditors shared their own experiences of learning to balance financial responsibility with enjoying life.
One user reflected on how frugality allowed them to live stress-free: &#8220;So many people with luxury things <a href="https://www.benzinga.com/personal-finance/25/02/43947512/dave-ramsey-baffled-by-family-living-paycheck-to-paycheck-on-600000-a-year-why-do-you-need-18000-a-month-to-run-your-household">live &#8216;paycheck to paycheck&#8217;</a> and have panic attacks in their BMW while wearing that expensive watch. Peace and safety are priceless and you now have the luxury to do anything you want within reason.&#8221;
Another pointed out the importance of intentional spending: &#8220;I do and have a lot of things that die-hard frugal people would never consider frugal, but it's really about being intentional with my money.&#8221;
Some encouraged the OP to shift focus from material goods to meaningful experiences. &#8220;Where is one place that you have always wanted to go? Or something that you always wanted to do? Instead of a car, how about an experience?&#8221;
Others reminded them that life is unpredictable. &#8220;Nothing is promised to us &#8230; and how to balance saving for the future and spending for now is something we just have to make our best guess at.&#8221;
See Also: This platform is reshaping how you invest in private companies —<a href="https://www.benzinga.com/money/kingscrowd-adv"> and you can be a part of it for $0.18 per share</a>
<h2 class="wp-block-heading">What's Next?</h2>
While many agreed that the OP deserved to enjoy the fruits of their labor, they also emphasized responsible enjoyment. &#8220;Maybe instead of a new car, finance one 2-3 years old with lower mileage,&#8221; one suggested.
Another recommended focusing on comfort, especially during treatment. &#8220;Spend your money as you see fit. Enjoy a new car. Focus on making yourself comfortable for your journey ahead.&#8221;
The Redditor clarified that they don't have a terminal diagnosis—yet. &#8220;I have been through surgery and chemo, but the odds of recurrence are high&#8230;&#8221;
With that in mind, users suggested they reassess their will to ensure their money goes where they want it to. If she doesn&#8217;t want her sister to inherit everything, she can donate to charity or set up a scholarship.
Read Next:
<ul>
<li>It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>

'If I Die…'—A Redditor Lived Frugally For 20 Years To Secure Their Future. Now, A Cancer Diagnosis Is Making Them Question Everything

Mark Cuban may have sold most of his stake in the Dallas Mavericks, but back when he was running things day to day, he had some intense moments. In a 2024 &#8220;Club Shay Shay&#8221; <a href="https://www.youtube.com/watch?v=0DAVdTTgGcU">interview</a>, Cuban reflected on one of those raw moments when he lit into his team after a lackluster performance.
<h2 class="wp-block-heading">Calling Out the Team</h2>
Cuban, known for his hands-on approach as an owner, recalled a game where he felt the players weren't putting in the effort. He unleashed on the players in the locker room.
"I walked into the locker room and I started pointing at different guys—&#8217;Yo, did you get your paycheck this week? Yeah? Did you get your paycheck this week?&#8217;" Cuban recounted. "And I went around to all of them. &#8216;You get your paycheck this week?&#8217; They all said yes. I said, &#8216;Then motherf&#x2A;&#x2A;&#x2A;&#x2A;&#x2A;&#x2A; play like you got your paycheck because you all aren&#8217;t doing s&#x2A;&#x2A;&#x2A;"
Despite his best efforts to fire up the team, Cuban admitted that they lost that game.
Don't Miss:
<ul>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> this is your last chance to become an investor for $0.80 per share.</a></li>
<li>This Startup Is On The Brink Of A Huge Disruption To The $654 Billion Industry – <a href="https://www.benzinga.com/money/venhub-adv">Invest In It Before It Fulfills 800 Pre-Orders</a></li>
</ul>
<h2 class="wp-block-heading">A Passionate, Involved Owner</h2>
Cuban bought the Mavericks in 2000 for $285 million after seeing empty seats at the team's home opener and thinking, &#8220;We&#8217;re undefeated. We should have a good team. And I&#8217;m like, &#8216;I can do better than this,'&#8221; Cuban recalled on the &#8220;Life in Seven Songs&#8221; <a href="https://www.lifeinsevensongs.com/turns-out-mark-cuban-is-an-emotional-guy/">podcast</a>. He quickly became one of the NBA's most engaged owners, often sitting courtside, arguing with referees, and making bold moves to improve the franchise.
His efforts paid off. Under Cuban's ownership, the Mavericks won their first NBA championship in 2011, led by Dirk Nowitzki. He also revolutionized the way NBA teams invested in facilities, player care, and fan experiences.
<h2 class="wp-block-heading">Selling the Mavericks and Rewarding Loyalty</h2>
In December 2023, Cuban <a href="https://www.benzinga.com/general/sports/25/01/42803678/mark-cuban-on-selling-dallas-mavericks-stake-i-didnt-want-my-kids-feeling-the-pressure-of-walking-into-my-spot">sold the majority stake</a> of the team to casino billionaire Miriam Adelson and her son-in-law, Patrick Dumont, in a deal valuing the franchise at $3.5 billion. He retained a 27% stake.
Trending: Hasbro, MGM, and Skechers Trust This AI Marketing Firm — <a href="https://www.benzinga.com/money/rad-intel">Invest Pre-IPO from $0.55 per share</a>.
Part of his <a href="https://www.benzinga.com/general/education/24/10/41302910/why-mark-cuban-stepped-back-from-mavericks-ownership-his-kids-dont-need-all-that-abuse">motivation for selling</a> was to be more with his family.
"There's a lot of pressure for them," Cuban said about his kids, who were aged 15, 18 and 21 at the time. "When you're having a bad season, your kids are on social media. I just don't want them to put up with all that abuse."
However, before walking away from the owner's chair, Cuban made sure to take care of the people who helped build the team. He <a href="https://www.benzinga.com/personal-finance/24/12/42341972/mark-cuban-hands-out-35m-in-bonuses-to-mavericks-employees-it-was-life-changing-money">handed out $35 million in bonuses</a> to long-serving Mavericks employees, describing it as "life-changing money" for those who had been with him for 20 years or more.
<h2 class="wp-block-heading">A Legacy Beyond Basketball</h2>
Even though Cuban is no longer the face of the Mavericks, his impact on NBA ownership, player experience, and franchise management will last for years. He continues focusing on business ventures, including Cost Plus Drugs, a company aiming to <a href="https://www.benzinga.com/personal-finance/25/02/43435413/mark-cubans-cost-plus-marketplace-now-sells-over-6000-medicines-saving-customers-between-40-60-by-cutting-out-the-middle-man">lower prescription medication prices</a>, and potential casino development in Texas.
Read Next:
<ul>
<li>This platform is reshaping how you invest in private companies —<a href="https://www.benzinga.com/money/kingscrowd-adv"> and you can be a part of it for $0.18 per share</a></li>
<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
</ul>

Mark Cuban Recalls How He Went Off On Mavericks Players—'Did You Get Your Paycheck? Because You All Aren't Doing S***'

The cannabis industry saw major developments this week across regulation, corporate earnings and consumer trends. The Centers for Disease Control and Prevention (CDC) introduced a federal cannabis strategy while France moved to ban raw flower in medical cannabis sales. Uruguay made an unexpected regulatory appointment and Spain's top medical cannabis advocacy group shut down in protest of restrictive policies.
On the business side, High Tide reported record revenue but faced margin concerns, while SNDL reached break-even free cash flow despite weakness in its liquor segment. Charlotte's Web continued its mainstream retail expansion, while Agrify doubled down on THC beverages. Edible Brands launched Edibles.com, bringing its consumer trust into the hemp industry and Poseidon-backed Herb Haus prepared to open a social equity dispensary in New Jersey.
Consumer trends continued to shift, with three in four young adults now substituting cannabis for alcohol at least weekly. Meanwhile, Curaleaf and Fab 5 Freddy teamed up to train 175 new cannabis workers and Ted Cruz and Elon Musk stirred conversation with jokes about smoking weed on air.
<h2 class="wp-block-heading">Regulatory And Policy Updates</h2>
<h3 class="wp-block-heading">CDC Unveils Federal Cannabis Strategy</h3>
The Centers for Disease Control and Prevention (CDC) released a cannabis strategic plan, outlining a public health approach to cannabis use in the U.S., as first reported by <a href="https://www.greenstate.com/news/cdc-cannabis-strategic-plan/">Green State&#8217;s Rachelle Gordon</a>. The plan highlights concerns over rising THC potency and increased cannabis consumption, while also acknowledging potential benefits.
The strategy focuses on monitoring trends, expanding research, supporting healthcare providers and increasing public awareness. The CDC will also examine cannabis use in key populations, including pregnant women, adolescents and workers in safety-sensitive jobs. While largely focused on risk management, the plan represents a shift toward a more research-driven federal stance on cannabis.
<h3 class="wp-block-heading">France Proposes Medical Cannabis Rules, Excludes Raw Flower</h3>
France submitted its proposed medical cannabis regulations to the European Commission, favoring single-use cartridges while banning raw flower sales. The government argues that restricting flower will prevent overlap with recreational use, though critics note that Germany and the Netherlands allow vaporized flower for medical patients.
The regulation would allow tamper-proof cannabis cartridges for fast-acting relief while tightening controls on cultivation, import and distribution. The move places France among the most restrictive medical cannabis markets in Europe, contrasting with broader reforms elsewhere.
<h3 class="wp-block-heading">Uruguay Names New Cannabis Regulator In Unexpected Move</h3>
Uruguay appointed Martín Rodríguez as the new director of the Institute for Regulation and Control of Cannabis (IRCCA) after Daniel Radío declined the position, reported <a href="https://elplanteo.com/ircca-uruguay-nuevo-director/">El Planteo</a>. Rodríguez, who led IRCCA from 2015 to 2019, is seen as an industry insider with a track record in cannabis regulation.
The appointment shifts control to the ruling Frente Amplio party, raising speculation over potential regulatory changes. Uruguay's legal cannabis market has cut illicit trade by 50% and the new leadership could shape its next phase.
<h3 class="wp-block-heading">Spain's Leading Medical Cannabis Group Shuts Down</h3>
After a decade of advocacy, Spain's Observatorio Español del Cannabis Medicinal (OECM) announced its closure. Founder Carola Pérez blamed government inaction and restrictive policies, particularly the refusal to legalize raw flower or full-spectrum oils for patients.
While Spain grants cultivation licenses for export, domestic patients are limited to expensive pharmaceuticals like Sativex and Epidiolex. The OECM's closure is seen as a setback for patient access, even as the country finalizes long-awaited medical cannabis regulations.
<h2 class="wp-block-heading">Benzinga Cannabis Capital Conference Returns To Chicago</h2>
The Benzinga Cannabis Capital Conference is set to return to Chicago on June 8 to June 10, 2025, bringing together top investors, executives and industry leaders. The event will feature exclusive networking opportunities, market insights and discussions on the future of cannabis investing and business strategy. Attendees will hear directly from some of the most influential voices shaping the cannabis landscape. For more details and registration, visit <a href="https://www.bzcannabis.com/">bzcannabis.com</a>.
<h2 class="wp-block-heading">Market And Earnings Updates</h2>
<h3 class="wp-block-heading">High Tide Reports Record Revenue But Faces Margin Pressure</h3>
High Tide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HITI#NASDAQ">HITI</a>) reported CA$142.46 million ($99.76 million) in first-quarter revenue, an 11% increase year-over-year. The company now has 5.66 million Cabana Club members, including 85,500 paying Elite members, up 13% quarter-over-quarter.
Despite revenue growth, gross margins fell to 24.9%, the lowest in company history, prompting Beacon Securities to lower its 12-month price target from CA$6.25 to CA$5.75 despite maintaining a &#8220;Buy&#8221; rating. Management expects margins to stabilize as the company expands its Canna Cabana store count, with plans to open between 20 and 30 locations in 2025.
<h3 class="wp-block-heading">SNDL Achieves Break-Even Free Cash Flow Amid Cannabis Growth</h3>
SNDL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDL#NASDAQ">SNDL</a>) posted fourth-quarter revenue of CA$257.68 million, up 3.7% year-over-year, exceeding analysts&#8217; estimates of CA$248.10 million. Full-year revenue reached CA$920.4 million, a 1.3% increase from 2023.
The company's cannabis operations saw a 42.4% sales jump, driven by provincial board and business-to-business distribution. However, SNDL's liquor retail segment struggled, with sales down 3.4% year-over-year. Same-store sales in the cannabis segment rose 6.3% in the quarter and 3.5% for the year.
Despite a fourth-quarter operating loss of CA$76.1 million, SNDL achieved positive free cash flow of CA$11.6 million in the quarter and CA$8.9 million for the full year. CEO Zach George noted that the company exceeded its commitment to reaching break-even free cash flow while continuing to invest in expansion.
<h2 class="wp-block-heading">Industry And Business Developments</h2>
<h3 class="wp-block-heading">Edible Brands Enters The Hemp Market With Edibles.com</h3>
Edible Brands, the parent company of Edible Arrangements, launched Edibles.com, an e-commerce marketplace focused on hemp-derived products. The platform, led by former Theory Wellness CMO Thomas Winstanley, aims to bring Edible Brands&#8217; reputation for quality to the fast-growing hemp industry.
The platform launched in Texas on March 20 and plans rapid expansion into Florida and Georgia. Select products will be available for nationwide shipping where legally permitted.
<h3 class="wp-block-heading">Poseidon Backs New Jersey Social Equity Dispensary</h3>
Poseidon Investment Management has financed Herb Haus, a social equity dispensary in Carlstadt, New Jersey. The dispensary is strategically located near MetLife Stadium and the Meadowlands Sports Complex, aiming to serve a high-traffic customer base.
Founder Joe Kanegieser secured a social equity license and was selected for the New Jersey Economic Development Authority&#8217;s Cannabis Equity Grant Program. With New Jersey's cannabis sales growing 25% in 2024, Herb Haus is positioned for success in the state's expanding market.
<h2 class="wp-block-heading">Consumer Trends And Cultural Shifts</h2>
<h3 class="wp-block-heading">Young Adults Increasingly Replacing Alcohol With Cannabis</h3>
A Bloomberg Intelligence report found that 74% of consumers aged 18-24 substitute cannabis for alcohol at least weekly. The trend is reshaping the beverage industry, with major cannabis operators like Trulieve and Curaleaf expanding THC-infused drink offerings.
A YouGov poll reinforced the shift, showing that a majority of Americans now believe regular alcohol consumption is more harmful than cannabis use.
<h3 class="wp-block-heading">Fab 5 Freddy, B-Noble And Curaleaf Support Free Cannabis Job Training</h3>
Curaleaf (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTC">CURLF</a>) partnered with Green Book Academy and B-Noble to train 175 aspiring cannabis workers free of charge. The program provided hands-on training, resume workshops and industry networking. Hip-hop legend Fab 5 Freddy made a surprise appearance, emphasizing the importance of education in cannabis career development.
<h3 class="wp-block-heading">Elon Musk And Ted Cruz Joke About Smoking Weed On Air</h3>
During a recent podcast, Ted Cruz and Elon Musk joked about smoking cannabis live, referencing Musk's infamous 2018 interview with Joe Rogan. The exchange, reported on <a href="https://www.benzinga.com/general/entertainment/25/03/44427511/elon-musk-ted-cruz-joke-about-cannabis-on-podcast-should-i-pull-out-a-joint-to-boost-ratings">Benzinga</a>, reignited conversations about cannabis normalization in politics and business.
With 4/20 approaching, industry watchers are speculating whether Musk will once again make headlines around the topic.
<h3 class="wp-block-heading">Grassland Movie Spotlights Cannabis Incarceration</h3>
Grassland, a new social justice drama, is now available for pre-order on Apple TV. Starring Mía Maestro, Quincy Isaiah, Jeff Kober and Ravi Cabot-Conyers, the film explores the human impact of cannabis incarceration in the U.S. during the 2008 economic recession.
The story follows a single mother running an illegal cannabis business to support her family, only to face potential exposure when her son befriends the new neighbors—including a police officer. The film's official trailer has just dropped, offering a gripping look at the challenges of cannabis criminalization.
Stay tuned for more <a href="http://www.benzinga.com/cannabis">cannabis news</a> on Benzinga.

Cannabis

Earnings

Latin America

Eurozone

AGFY

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

CWBHF

GTBIF

HITI

SNDL

This Week In Cannabis: The CDC's Federal Weed Strategy, Edible Arrangements' New Biz, Global News, Earnings, Musk And More

Three months after saying that a one-size-fits-all federal minimum wage &#8220;wouldn't work,&#8221; President Donald Trump has rolled back a key wage rule <a href="https://www.benzinga.com/news/25/03/44277188/a-poverty-sentence-heres-why-some-say-losing-a-federal-job-is-worse-than-being-fired-in-the-private-sector">affecting federal contractors</a>. The move cancels an executive order from then-President Joe Biden that required contractors to pay their workers at least $17.75 per hour.
<h2 class="wp-block-heading">Trump&#8217;s Take on Federal Wages</h2>
Back on Dec. 8, during an <a href="https://www.nbcnews.com/meet-the-press/video/trump-says-he-would-consider-raising-the-federal-minimum-wage-226490437864">appearance</a> on NBC News&#8217; &#8220;Meet the Press,&#8221; Trump said, "It would be nice to have just a minimum wage for the whole country, but it wouldn't work because you have places where it's very inexpensive to live." He argued that a federal minimum wage could have &#8220;very little effect&#8221; in some areas due to lower living costs.
Don't Miss:
<ul>
<li>Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.55 per share now</a>.</li>
<li>This startup is on the brink of a huge disruption to a $654 billion industry – <a href="https://www.benzinga.com/money/venhub-adv">invest in it for under $10 before it's too late</a>.</li>
</ul>
His comments fueled debate over whether the U.S. should have a federal wage floor at all. But as of 2023, only about 1.1% of American workers actually earn the <a href="https://www.benzinga.com/personal-finance/25/01/43234188/bernie-sanders-the-7-25-federal-minimum-wage-is-shameful-in-2025-america">federal minimum of $7.25 an hour</a>, according to the <a href="https://www.bls.gov/opub/reports/minimum-wage/2023/">Bureau of Labor Statistics</a>. The vast majority earn more, thanks to higher state minimums and market conditions.
<h2 class="wp-block-heading">Biden&#8217;s $17.75 Minimum Wage for Contractors Repealed</h2>
On March 15, Trump formally repealed Biden's 2021 order that had gradually raised the minimum wage for federal contract workers to $17.75 per hour by this past January. That order replaced an earlier rule from President Barack Obama, who had bumped the contractor minimum to $10.10 in 2014 with periodic increases.
Biden's order also removed an exemption for seasonal recreational businesses on federal land—a carveout Trump had supported during his first term. With the repeal, many federal contractors will now fall back to the Obama-era rate of $13.30 or to the base federal minimum of $7.25 per hour, unless higher state minimum wages apply.
Trending: This platform is reshaping how you invest in private companies —<a href="https://www.benzinga.com/money/kingscrowd-adv"> and you can be a part of it for $0.18 per share</a>
<h2 class="wp-block-heading">Millions of Workers Could See Pay Changes</h2>
According to <a href="https://www.reuters.com/legal/government/trump-nixes-1775-minimum-wage-federal-contractors-adopted-by-biden-2025-03-20/">Reuters</a>, roughly 20% of the U.S. workforce is employed by companies with federal contracts. Critics of Biden&#8217;s rule, including some Republicans and business groups, said the $17.75 wage made it harder for small businesses to compete and didn't fit low-cost areas.
But advocates say the change could hurt low-wage workers. &#8220;The federal minimum wage has become largely irrelevant,&#8221; Chad Gammon, a certified financial planner, told <a href="https://www.gobankingrates.com/money/economy/trump-federal-minimum-wage-doesnt-work-what-happen-to-earnings-if-eliminated/">GOBankingRates</a>. He pointed out that the federal rate hasn't budged since 2009. Others warn the rollback may reduce worker protections.
The repeal also wipes out Biden-era rules that favored federal contractors who stayed neutral in union drives or joined registered apprenticeship programs. Trump didn't give a&nbsp; reason for the changes, but they align with his stated goal of <a href="https://www.benzinga.com/25/02/43701025/analyst-optimistic-about-banks-trumps-pro-business-agenda-should-drive-customer-acitivity">trimming regulations</a> he sees as unnecessary or burdensome.
Read Next:
<ul>
<li>The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. <a href="https://www.benzinga.com/money/masterworks">See which asset class has outpaced the S&amp;P 500 (1995-2024) – and with near-zero correlation.</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>

Trump Said 3 Months Ago Federal Minimum Wages Don't Work—Now He's Slashed Biden's $17.75 Minimum For Federal Contractors To State Minimums

Former Dallas Mavericks owner Mark Cuban has voiced his shock over the recent trade of Luka Dončić to the<a href="https://www.benzinga.com/tech/25/03/44067809/mark-cuban-shares-two-things-hed-do-at-12-to-succeed-and-they-work-for-everyone"> Los Angeles Lakers</a>.
What Happened: Cuban, currently a minority owner of the Mavericks, expressed his astonishment over the team&#8217;s decision to trade their 26-year-old superstar, Luka Dončić. 
This disclosure was made during an episode of&nbsp;the &#8220;Your Mom&#8217;s House&#8221; <a href="https://www.youtube.com/watch?v=lUwmA0lOWwM">podcast</a>.
The Mavericks&#8217; move to trade Dončić for the older and more injury-prone Anthony Davis, along with Max Christie and a future first-round draft pick, has left fans and analysts puzzled. 
The trade has significantly bolstered the Lakers&#8217; position in the Western Conference, while the Mavericks are grappling with injuries and are in danger of missing the postseason.
Cuban disclosed that he had no sway over the decision, stating,&nbsp;&#8220;If I had any influence&#8230;&#8221;&nbsp;before trailing off. He further clarified that he no longer oversees basketball operations and that his voice holds no weight under the new ownership.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/25/02/43581429/mark-cubans-400k-bet-on-teen-founder-comes-with-an-unexpected-invitation-i-want-my-daughters-to-meet-you-and-learn-from-you" target="_blank" rel="noreferrer noopener">Mark Cuban&#8217;s $400K Bet On Teen Founder Comes With An Unexpected Invitation: ‘I Want My Daughters To Meet You, And Learn From You&#8217;</a>
&#8220;The majority owner, Patrick Dumont decided that he was comfortable with Nico Harrison, which is his choice. You can&#8217;t totally argue with him because we went to the Finals, but yeah it was his choice and he made his choice. I&#8217;m just a fan now. When I originally sold the team, that&#8217;s what was supposed to happen, and initially it was. And then over time it was &#8216;OK in Nico we trust,&#8217; so here we are,&#8221; Cuban said. 
The former majority owner also shared his reaction upon hearing about the trade, stating,&nbsp;&#8220;I was just as dumbfounded as everybody else. It&#8217;s just brutal, it&#8217;s painful not matter how you look at it. It&#8217;s like talking about a pet dying, I&#8217;m in mourning kind of, still. But they paid me to buy the circus, so I just look at my bank account and feel better.&#8221;&nbsp;
Despite his disagreement with the decision, Cuban recognized that it was not his call to make.
Why It Matters: While Cuban may feel blindsided by the situation, his past actions as majority owner, including appointing Nico Harrison as the team&#8217;s general manager and selling his majority stake to Patrick Dumont and Miriam Adelson, have played a part in shaping&nbsp;the current state of the&nbsp;Mavericks.
Read Next
<a href="https://www.benzinga.com/news/25/03/44348044/mark-cuban-reveals-what-hed-do-as-a-gen-zer-to-get-ahead-even-while-sleeping-if-i-was-16-18-20-21-starting-today-i-would-spend-every-waking-minute-learning-it">Mark Cuban Reveals What He&#8217;d Do As A Gen Zer to Get Ahead—Even While Sleeping: &#8216;If I Was 16, 18, 20, 21 Starting Today, I Would Spend Every Waking Minute Learning It&#8217;</a>

Sports

Mark Cuban Stunned By Dončić Trade: 'I Was Just As Dumbfounded As Everybody Else'

The power outage at London&#8217;s Heathrow Airport resulted in substantial flight disruptions, potentially causing airlines <a href="https://www.benzinga.com/news/global/25/03/44431360/londons-heathrow-airport-shuts-down-due-to-major-power-outage-caused-by-a-fire-over-1300-flights-expected-to-be-impacted">to lose millions of dollars</a>.
What Happened: The outage forced LHR to close, resulting in flight cancellations and diversions. This left thousands of passengers stranded, with some finding themselves in cities like Tokyo, Mumbai, and Dallas.
Although the airport announced that flights would resume later on Friday, reorganizing airline networks continues to be a significant hurdle.&nbsp;
According to the report <a href="https://www.businessinsider.com/heathrow-airport-power-outage-ccould-cost-airlines-millions-2025-3">by</a> Insider, Ronan Murphy, a director at Alton Aviation Consultancy, estimates that airlines could face losses ranging from $80 to $100 million due to the costs of rerouting passengers and providing accommodations.
&#8220;If you think about load factor, let&#8217;s say 75% full on average, that&#8217;s 220,000 people, give or take, that are affected. That could be $100 million-plus of revenue for one day,&#8221; Murphy told the outlet.
Also Read: <a href="https://www.benzinga.com/news/24/11/42152136/debt-piles-up-and-losses-mount-spirit-airlines-finally-files-for-bankruptcy-after-struggling-to-stay-afloat">Debt Piles Up And Losses Mount – Spirit Airlines Finally Files For Bankruptcy After Struggling To Stay Afloat</a>
&#8220;I think it&#8217;s a good thing it&#8217;s sort of pre-Easter in a bit of a March lull moment. If this is the&nbsp;middle of July, it would be an absolute disaster. You could have another 300 or 400 flights,&#8221; he said. 
As Heathrow reopens, airlines such as&nbsp;United Airlines&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and&nbsp;British Airways&nbsp;are striving to mitigate the impact and restart operations.&nbsp;British Airways CEO Sean Doyle&nbsp;referred to the situation as &#8220;unprecedented.&#8221;
Heathrow, ranked as the world&#8217;s fifth-busiest airport, had around 1,300 flights scheduled for&nbsp;Friday, with a capacity of&nbsp;290,930 seats. The&nbsp;New York-JFK to London Heathrow&nbsp;route, one of the world&#8217;s busiest, is expected to be among the most affected.
Why It Matters: The power outage at Heathrow Airport underscores the vulnerability of global airline networks to unexpected disruptions. Despite the significant interruption, travel expert Mike Arnot remains hopeful, noting that large airlines usually&nbsp;have spare capacity and can&nbsp;utilize their alliance partners to manage such situations. 
However, the incident serves as a reminder of the need for robust contingency plans in the aviation industry, particularly at high-traffic airports like Heathrow.
Read Next
<a href="https://www.benzinga.com/news/21/08/22500444/here-is-what-richard-branson-did-to-raise-money-for-his-pandemic-battered-global-business">Here Is What Richard Branson Did To Raise Money For His Pandemic-Battered Global Business</a>
Image: Shutterstock

Heathrow Power Outage May Lead To Millions in Losses for Airlines

During a high-level meeting at the White House, President Donald Trump hosted UAE National Security Advisor Sheikh Tahnoon bin Zayed, marking a significant step in strengthening economic relations between <a target="_blank" href="https://www.benzinga.com/content/44272280/3-stocks-investing-650-billion-in-the-u-s-should-you-invest" rel="noreferrer noopener">the United States and the United Arab Emirates.</a>
Sheikh Tahnoon, visiting Washington at the direction of UAE President Sheikh Mohamed bin Zayed, was accompanied by an extensive delegation, including heads of major UAE Sovereign Wealth Funds and corporations, per a <a target="_blank" href="https://ae.usembassy.gov/thanks-to-president-trump-uae-announces-significant-investments-in-u-s-economy/#:~:text=Following%20the%20meeting%2C%20the%20UAE,%2C%20energy%2C%20and%20American%20manufacturing." rel="noreferrer noopener">statement </a>from the U.S. Embassy &amp; Consulate in the United Arab Emirates.
The key highlight of the meeting was the announcement of a 10-year, $1.4 trillion investment framework, signaling the UAE's commitment to substantially increasing its investments in the U.S. economy.
These investments will focus on critical sectors such as artificial intelligence infrastructure, energy, semiconductors, and American manufacturing.
This landmark agreement aims to bolster U.S. leadership in technology and infrastructure, with the UAE committing to invest significantly in the next-generation data centers, energy solutions, and advanced technology development.
Also Read: <a target="_blank" href="https://www.benzinga.com/personal-finance/25/03/44438885/charlie-munger-told-a-20-year-old-that-getting-rich-through-investing-is-damn-near-impossible-and-you-might-need-10-million-in-the-bank" rel="noreferrer noopener">Charlie Munger Told a 20-Year-Old That Getting Rich Through Investing Is &#8216;Damn Near Impossible&#8217; — And You Might Need $10 Million in the Bank</a>
In addition to the broader framework, several UAE-based companies made significant announcements. For instance, Abu Dhabi-based MGX, BlackRock, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)
, and Global Infrastructure Partners welcomed NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and xAI into the AI Infrastructure Partnership, aimed at mobilizing up to $100 billion for data center and energy infrastructure.
Meanwhile, XRG, owned by ADNOC, committed to supporting U.S. natural gas production with a major investment in a LNG export facility in Texas.
Sheikh Tahnoon also <a target="_blank" href="https://www.uae-embassy.org/news/tahnoon-bin-zayed-meets-donald-trump-discusses-strategic-partnership-prospects" rel="noreferrer noopener">praised </a>President Trump for his leadership, which he believes has stimulated foreign direct investment and fostered robust economic partnerships between the two nations.
As part of his official visit to the U.S., Sheikh Tahnoon met with Scott Bessent, U.S. Secretary of the Treasury, to discuss areas of economic and financial cooperation between the UAE and the U.S. and explore ways to strengthen them to serve the interests of both countries.
Both parties expressed their commitment to further strengthen the strategic partnership, particularly in advanced technology, energy, and infrastructure sectors.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/25/03/44448890/dave-portnoy-slams-career-politicians-who-never-had-a-real-job-going-from-college-straight-to-politics-is-fake-life" target="_blank" rel="noreferrer noopener">Dave Portnoy Slams Career Politicians Who Never Had A Real Job—&#8217;Going From College Straight To Politics Is Fake Life&#8217;</a></li>
</ul>

Equities

General

MSFT

NVDA

UAE Pledges $1.4 Trillion Investment In US Tech, Energy, And Manufacturing: Trump And Sheikh Tahnoon Strengthen Strategic Ties

President Donald Trump recently took to his social media handle about falling egg prices, claiming they are &#8216;WAY DOWN&#8217; from the<a href="https://www.benzinga.com/personal-finance/25/03/44147801/egg-prices-hit-record-4-95-per-dozen-agriculture-secretary-blames-overregulation-for-skyrocketing-cost" target="_blank" rel="noreferrer noopener"> &#8220;Biden inspired prices&#8221; just weeks ago</a>.
In a <a target="_blank" href="https://truthsocial.com/@realDonaldTrump/posts/114198370343993836" rel="noreferrer noopener">post </a>on&nbsp;Truth Social, he added, &#8220;Groceries and Gasoline are down, also.&#8221;
Meanwhile, the Trump administration has announced plans to import millions of eggs from Turkey and South Korea in an effort to <a href="https://www.benzinga.com/personal-finance/25/03/44147801/egg-prices-hit-record-4-95-per-dozen-agriculture-secretary-blames-overregulation-for-skyrocketing-cost" target="_blank" rel="noreferrer noopener">alleviate the rising cost of eggs in the U.S.</a>
BBC <a target="_blank" href="https://www.bbc.com/news/articles/c743g135vj9o" rel="noreferrer noopener">reports </a>that Agriculture Secretary Brooke Rollins confirmed that the U.S. is negotiating with other countries for egg supplies, with officials expecting the short-term importation to reach &#8220;hundreds of millions of eggs.&#8221;
The bird flu crisis, which started in 2022, has caused severe disruptions to the egg supply, contributing to a 65% surge in egg prices over the past year. Prices are projected to rise another 41% in 2025, BBC adds.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/25/03/44226602/walmart-ceo-says-consumers-changing-spending-due-to-inflation-egg-prices-the-money-runs-out-before-the-month-is-gone-people-are-buying-smaller-pack-sizes" rel="noreferrer noopener">Walmart CEO Says Consumers Changing Spending Due To Inflation, Egg Prices: &#8216;The Money Runs Out Before The Month Is Gone … People Are Buying Smaller Pack Sizes&#8217;</a>
To combat the crisis, the U.S. Department of Agriculture unveiled a $1 billion plan aimed at addressing the bird flu outbreak.
The plan includes measures such as $500 million for biosecurity efforts, $100 million for vaccine research, and $400 million for farmer relief programs.
Rollins told&nbsp;reporters at the White House that the U.S. will return to sourcing eggs domestically once the egg-laying industry is fully restocked, BBC notes.
The administration&#8217;s plan also includes free consulting services for commercial egg farms to help prevent future outbreaks. While some countries, including Poland and Lithuania, have also been contacted for possible egg exports, the goal is to restore U.S. egg production to full capacity as soon as possible.
As the bird flu continues to affect the poultry industry, the administration aims to stabilize egg prices while addressing the ongoing supply shortages.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/03/44448912/bear-market-in-diversification-eases-as-investors-seek-alternative-assets" target="_blank" rel="noreferrer noopener">Bear Market in Diversification Eases as Investors Seek Alternative Assets</a></li>
</ul>

Trump Claims Egg Prices Are 'WAY DOWN' As US Plans Imports From Turkey and South Korea

Wall Street is buzzing with increasing speculation about a recession, as economists identify several indicators suggesting an <a href="https://www.benzinga.com/25/03/44448437/benzinga-bulls-and-bears-tesla-nvidia-fedex-and-the-market-digests-the-feds-rate-decision">impending economic downturn</a>.
What Happened: According to a report, Goldman Sachs&nbsp;has raised its likelihood of a recession in&nbsp;the next 12 months from&nbsp;15% to 20%. A March survey by&nbsp;Bank of America&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) showed that 55% of fund managers perceive&nbsp;a global recession triggered by&nbsp;a trade war as the&nbsp;primary&nbsp;tail risk for the market.
Consumer expectations of a recession in the upcoming year have also risen to a nine-month peak, according to the latest Consumer Confidence Survey by the Conference Board, <a href="https://www.businessinsider.com/recession-2025-warning-economy-outlook-growth-slowdown-debt-stocks-rates-2025-3">reports</a> Insider.
Economist David Rosenberg foresees a downturn in the next few months, highlighting several warning signs of a faltering economy.
Rosenberg points out several alarming signs including US households battling to keep up with inflation, an increased debt load, struggling small- and mid-cap stocks, and declining corporate earnings guidance. 
Rosenberg stated, &#8220;If the past is prescient, the recession which nobody believes will rear its ugly head will materialize as early as July.&#8221;
Also Read: <a href="https://www.benzinga.com/markets/25/03/44211421/us-economy-teetering-recession-may-be-looming-as-bond-market-reacts-to-trump-policies">US Economy Teetering? Recession May Be Looming As Bond Market Reacts To Trump Policies</a>
Households are increasingly unable to handle emergency expenses, with&nbsp;the latest Survey of Consumer&nbsp;Expectations from the New York&nbsp;Fed indicating that only 63% of US households could manage a sudden $2,000 bill. 
This is the lowest percentage since Q4 2015, as per an analysis by&nbsp;Apollo Global Management&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>). Moreover, total household debt increased by $93 billion in Q4, hitting a record $18 trillion. 
Small- and mid-cap stocks are also struggling, with the iShares S&amp;P Small-cap 600 Value ETF down 16% from its November peak and the S&amp;P MidCap 400 down 13% from its November high.
Companies like&nbsp;Walmart&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>),&nbsp;Target&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), and&nbsp;FedEx&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) have reduced their guidance for the year, with approximately 70% of companies attributing potential negative outlooks this year to&nbsp;uncertainty around new policies and&nbsp;tariffs.
Finally, bond investors are factoring in a higher risk of companies defaulting&nbsp;in the coming years. Credit&nbsp;spreads have significantly increased in the past month, indicating investors&#8217; anticipation of a higher risk of corporate borrowers struggling to repay debt.
Read Next
<a href="https://www.benzinga.com/markets/25/02/43756824/market-instability-looms-in-trumps-second-term-warns-paul-tudor-jones-theres-no-room-for-mistakes" target="_blank" rel="noreferrer noopener">Market Instability Looms in Trump's Second Term, Warns Paul Tudor Jones: ‘There's No Room for Mistakes'</a>

Mid Cap

Recession Fears Escalate as Economists Identify Warning Signs: 'Will Materialize as Early as July'

Warren Buffett has made his annual March Madness bracket challenge for Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) employees <a href="https://www.benzinga.com/news/25/03/44211240/warren-buffett-on-debt-and-donald-trumps-money-moves-trump-never-went-right">easier to win this year</a>.
What Happened: The grand prize of $1 million is up for grabs for those who can accurately predict the&nbsp;winners of 30 out of&nbsp;the 32 first-round games of&nbsp;the NCAA&#8217;s March Madness men&#8217;s&nbsp;basketball tournament.
This year&#8217;s challenge offers a more attainable goal compared to last year, when employees had to perfectly predict the outcomes of all 32 first-round games.
Buffett, now 94 years old,&nbsp;<a href="https://www.wsj.com/sports/march-madness-tournament-bracket-warren-buffett-05f94416">told</a> The Wall Street Journal, "I'm getting older. I want to give away a million dollars to somebody while I'm still around as chairman."
Additionally, the challenge includes a $250,000 prize for the employee who predicts the most correct outcomes, should the grand prize go unclaimed. 
Also Read: <a href="https://www.benzinga.com/markets/25/01/42803589/warren-buffetts-advice-for-overpriced-stocks-zip-up-your-wallet-take-a-vacation-and-come-back-in-a-few-years-to-buy-stocks-at-cheap-prices" target="_blank" rel="noreferrer noopener">Warren Buffett's Advice for Overpriced Stocks: ‘Zip up Your Wallet, Take a Vacation, and Come Back in a Few Years To Buy Stocks at Cheap Prices'</a>
"You'd like to think one of them had a chance of winning every four years. That's what we've been kind of fumbling our way toward," he added. 
In 2016, Buffett offered a $1 million annual prize for an employee&#8217;s lifetime if they could perfect the&nbsp;bracket for the first two&nbsp;rounds. However, the grand prize remained unclaimed.
Why It Matters: Despite the eased conditions, winning the challenge is still a daunting task. The NCAA estimates the odds of accurately predicting every game&#8217;s outcome at a staggering 1 in 9.2 quintillion. 
Nonetheless, the revised rules have certainly increased the chances for Berkshire Hathaway employees to walk away with a significant cash prize, reflecting Buffett&#8217;s desire to reward his staff while he still holds the chairman&#8217;s position.
Read Next
<a href="https://www.benzinga.com/news/25/03/44065860/warren-buffetts-unconventional-career-advice-dont-save-your-passion-for-later-its-like-saving-up-sex-for-your-old-age">Warren Buffett&#8217;s Unconventional Career Advice: &#8216;Don&#8217;t Save Your Passion For Later, It&#8217;s Like Saving Up Sex For Your Old Age&#8217;</a>

Management

Warren Buffett Eases Conditions for $1 Million March Madness Challenge: 'I Want To Give Away a Million Dollars to Somebody While I'm Still Around'

NBA legend&nbsp;Shaquille O&#8217;Neal&nbsp;reportedly made a $250,000 &#8220;accidental&#8221; investment in tech giant&nbsp;Google, which has now grown exponentially, contributing significantly to his current net worth.
What Happened: O&#8217;Neal, better known as Shaq, invested $250,000 in Google, which he later described as an &#8220;accident.&#8221; This investment has played a substantial role in boosting his estimated&nbsp;net worth of $500 million. 
While his NBA career earnings form a part of his wealth, his post-career investments account for a significant portion.
According to a report <a href="https://www.businessinsider.com/shaq-google-investment-regrets-not-buying-more-2020-3">by </a>Insider, in the book A-List Angels: How a Band of Actors, Artists, and Athletes Hacked Silicon Valley, author Zack O&#8217;Malley Greenburg recounted his conversations with Shaquille O&#8217;Neal about his investment strategy, including his early decision to invest in Google.
Don't Miss:
<ul>
<li>Hasbro, MGM, and Skechers Trust This AI Marketing Firm — <a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=562&amp;aff_id=1">Invest Pre-IPO from $0.55 per share</a>.</li>
<li>This startup is on the brink of a huge disruption to a $654 billion industry – <a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=558&amp;aff_id=1">invest in it for under $10 before it's too late</a>.</li>
</ul>
Shaq made the investment in Google during the company&#8217;s early days and only realized&nbsp;the success of his investment&nbsp;upon&nbsp;reading about it in a&nbsp;newspaper. &#8220;The newspaper told me&nbsp;how much I made and&nbsp;I couldn&#8217;t believe it,&#8221; O&#8217;Neal said.
Greenburg recounts that Shaq was playing with some children at a restaurant when he happened to meet their father, who was a prominent investor.
&#8220;He said, &#8216;Shaq, I like you, I got something for you. It was presented to me, I knew it was gonna hit,&#8221; O&#8217;Neal said.
&#8220;And I said, &#8216;Wow, I&#8217;ll try it.&#8217; My only regret is that I wish I would have bought more,&#8221; he added
Although the exact timing of O&#8217;Neal&#8217;s investment is not known, if he had invested $250,000 and held onto all&nbsp;his shares, they would have&nbsp;been worth approximately $16.5 million on the date of Google&#8217;s 20th anniversary of its initial public offering.
Why It Matters: Shaq&#8217;s investment story serves as a testament to the potential of tech investments. His &#8220;accidental&#8221; investment in Google, one of the world&#8217;s largest tech companies, has yielded significant returns, demonstrating the power of strategic investment, even if unintentional. 
Read Next:
<ul>
<li>The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. <a href="https://masterworks.536u.net/XmneKy">See which asset class has outpaced the S&amp;P 500 (1995-2024) – and with near-zero correlation.</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=531&amp;aff_id=1">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>

Shaq Accidentally Invested $250,000 In This Company, Now Its Value Is Skyrocketing: 'My Only Regret, I Wish I Would Have Bought More'

Elon Musk posted a controversial statement on social media, claiming that transgender individuals, particularly those undergoing hormone treatments, are more likely to be violent due to <a href="https://www.benzinga.com/25/03/44447891/donald-trump-white-houses-elon-musk-ev-company-cheerleading-sparks-ethics-firestormeven-as-stock-tanks-and-teslatakedown-protests-grow" target="_blank" rel="noreferrer noopener">&#8220;extreme emotional volatility.&#8221;</a>
His comments appeared to be in response to recent attacks on Tesla, Inc.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), suggesting that transgender individuals <a href="https://www.benzinga.com/25/03/44394560/elon-musks-tesla-targeted-with-arson-attacks-in-las-vegas-kansas-city-report" target="_blank" rel="noreferrer noopener">could be responsible for the incidents</a>.
&#8220;What are the statistics on trans violence? The probability of a trans person being violent appears to be vastly higher than non-trans,&#8221; Musk <a href="https://x.com/elonmusk/status/1902738447124545797" target="_blank" rel="noreferrer noopener">posted</a> on X.
The post came on the same day that Musk&#8217;s estranged daughter, Vivian Jenna Wilson, who is trans, criticized him in an <a href="https://www.teenvogue.com/story/vivian-jenna-wilson-elon-musk-trans-youth" target="_blank" rel="noreferrer noopener">interview</a> with Teen Vogue. In the interview, Wilson called Musk a &#8220;pathetic man-child&#8221; and expressed deep frustration with her father.
Don't Miss:
<ul>
<li>Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.55 per share now</a>.</li>
<li>This startup is on the brink of a huge disruption to a $654 billion industry – <a href="https://www.benzinga.com/money/venhub-adv">invest in it for under $10 before it's too late</a>.</li>
</ul>
&#8220;I haven&#8217;t talked to him since 2020. That was almost half a decade ago at this point,&#8221; Wilson said.
Wilson also condemned Musk&#8217;s controversial actions, including his performance of what she described as a &#8220;Nazi salute&#8221; during Donald Trump&#8217;s inauguration — a gesture Musk has denied was intentional.
She expressed further concern about the growing hostility toward marginalized groups under the second Trump administration.
&#8220;Obviously, it&#8217;s not just trans people that are affected by the current administration,&#8221; Wilson said, highlighting her contributions for&nbsp;&#8220;more advocacy on that front, since the current administration has kind of been like a wrecking ball in that regard.&#8221;
Recent efforts to remove LGBTQ+ identities, race, and immigration status from communications about sex trafficking, are in the limelight, with experts warning that these changes would endanger vulnerable populations, especially minors, The Guardian <a href="https://www.theguardian.com/law/2025/mar/21/anti-trafficking-race-lgbt-immigration-demographics" target="_blank" rel="noreferrer noopener">reports</a>.
A Pew Research Center <a href="https://www.pewresearch.org/short-reads/2025/02/26/most-lgbtq-adults-expect-trumps-policies-to-affect-gay-lesbian-bisexual-and-trans-people-negatively/" target="_blank" rel="noreferrer noopener">survey</a> revealed that 78% of LGBTQ+ adults expect the second Trump administration to negatively impact the transgender community.
Read Next:
<ul>
<li>The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. <a href="https://masterworks.536u.net/XmneKy">See which asset class has outpaced the S&amp;P 500 (1995-2024) – and with near-zero correlation.</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=531&amp;aff_id=1">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>
Image: Shutterstock

TSLA

Elon Musk Suggests Trans People at Fault for Tesla Attacks as Estranged Trans Daughter Calls Him 'Pathetic'

Former White House Communications Director, Anthony Scaramucci, has suggested that the EU should counter President Donald Trump&#8216;s tariff strategy by reducing their own <a href="https://www.benzinga.com/news/25/03/44211446/anthony-scaramucci-slams-donald-trump-hes-going-to-put-us-into-a-recession-frankly">tariffs on U.S. imports to zero</a>.
What Happened: In a recent podcast, Scaramucci put forth this strategy. Rather than retaliating against&nbsp;Trump&#8217;s 25% tariffs on EU&nbsp;steel and aluminium imports with their own tariffs, Scaramucci proposed that the EU should &#8220;outgame&#8221; Trump by playing his game and reducing their tariffs to zero.
Scaramucci, who served as Trump&#8217;s spokesman for a brief period in 2017, urged ministers and officials in Brussels to consider this alternative approach. He drew parallels with Ronald Reagan&#8216;s 1981 strategy of eliminating Pershing missiles in West Germany if the Soviet Union reciprocated in East Germany.
&#8220;I would caution ministers and people in Brussels. If you want to outgame Trump, play his game, lower your tariffs. Ronald Reagan in 1981 went with a zero option. He said he would zero-out the Pershing missiles in West Germany if the Soviet Union did the same thing in East Germany, and so play his game. Cut your tariffs to zero,&#8221; he <a href="https://www.newstalk.com/podcasts/highlights-from-the-pat-kenny-show/anthony-scaramucci-on-trump-tariffs-and-much-more">said</a> in the interview. 
Speaking about Trump&#8217;s potential efforts to&nbsp;bring back taxes&nbsp;and jobs created by US&nbsp;tech and pharma multinationals in Ireland, Scaramucci expressed doubt about Trump&#8217;s ability to dismantle Ireland&#8217;s FDI sector, which provides employment to 300,000 people.
Also Read: <a href="https://www.benzinga.com/news/25/03/44348205/scaramucci-sees-trouble-ahead-for-musk-trump-relationship-everyone-flames-out-with-trump">Scaramucci Sees Trouble Ahead for Musk-Trump Relationship: &#8216;Everyone Flames Out With Trump&#8217;</a>
&#8220;He was opining about the genius of your country with the tax engineering to get the multinationals over here, but he didn&#8217;t say, hey, and I&#8217;m going to fix it. Hey, I&#8217;m going to change it,&#8221; Scaramucci added.
While acknowledging that Trump has previously lauded Ireland&#8217;s success in&nbsp;attracting US firms with its&nbsp;low corporation tax, Scaramucci expressed skepticism that Trump could significantly impact this, even with a proposed 15% corporate tax rate.
Scaramucci concluded by stating that Trump lacks a mechanism to disrupt Ireland&#8217;s corporation tax regime, despite any potential threats he may have made to Taoiseach Micheál Martin.
Why It Matters: Scaramucci&#8217;s proposed strategy could potentially change the dynamics of the ongoing tariff war between the EU and the US. By adopting a zero-tariff approach, the EU could potentially &#8220;outgame&#8221; Trump and force a reconsideration of the current US tariff strategy. 
This could have significant implications for international trade and economic relations between the two regions.
Read Next
<a href="https://www.benzinga.com/news/25/03/44211446/anthony-scaramucci-slams-donald-trump-hes-going-to-put-us-into-a-recession-frankly" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Slams Donald Trump: ‘He's Going To Put Us Into A Recession, Frankly'</a>
Image: Shutterstock

Scaramucci Slams Trump, Advises EU to Counter Levies With Zero-Tariff Strategy

In the face of ongoing market disruption in 2025, Wall Street&#8217;s diversification-focused professionals are witnessing a change in investment trends. 
What Happened: With the tariff war in full swing, investors are shifting their focus from American equities to alternative assets such as gold, corporate debt, and a Treasury index that has seen a nearly 3% rise this year. 
As reported <a href="https://www.bloomberg.com/news/articles/2025-03-21/wall-street-s-bear-market-in-diversification-is-finally-easing?srnd=homepage-americas&amp;sref=TBDibEcD">by</a> Bloomberg, the trading landscape is undergoing a transformation, marking a much-anticipated return to normalcy for proponents of diversification strategies.
Despite the promotion of cross-asset products by some of the industry&#8217;s leading minds, the steady rise in US shares since the financial crisis has largely overshadowed these strategies.
Currently, the S&amp;P 500 is mired&nbsp;in a correction, ending another&nbsp;week of uncertainty with a 0.5% increase. However, previously dormant investment vehicles, ranging&nbsp;from leveraged quant portfolios to&nbsp;options-hedged products, are gaining momentum. An exchange-traded fund (ETF) that diversifies bets across&nbsp;asset classes, including commodities and&nbsp;bonds, has surged over 5% since the start of the year, outperforming the S&amp;P 500 by approximately 9 percentage points.
Also Read: <a href="https://www.benzinga.com/markets/24/12/42497093/stock-market-predictions-for-2025-a-mixed-bag-of-expectations">Stock Market Predictions for 2025: A Mixed Bag Of Expectations</a>
Meb Faber, founder of Cambria Funds, commented,&nbsp;"It feels a long time&nbsp;coming." His global asset-allocation ETF (GAA) has risen 3% this year, potentially marking its best performance relative to the S&amp;P 500 since its inception. 
However, the continuation of this trend remains uncertain. US stocks have lagged behind&nbsp;the global portfolio in Cambria's&nbsp;model twice since the global&nbsp;financial crisis, only to bounce back amidst improving economic sentiment, reports the outlet. 
Given the stretched valuations of US equities and an uncertain growth outlook, investors are being encouraged to explore a broad range of strategies, including&nbsp;both bullish and bearish equity&nbsp;wagers.&nbsp;Pete Hecht, head of the&nbsp;North America portfolio solutions group&nbsp;at AQR Capital Management, advised,&nbsp;"I would say investors need&nbsp;to lean on diversification even&nbsp;more than normal."
Why It Matters: The shift towards diversification strategies and alternative assets reflects an evolving investment landscape. As traditional equities continue to face uncertainty, investors are seeking more balanced portfolios to mitigate risk. 
This trend could potentially reshape Wall Street&#8217;s approach to investment, emphasizing the importance of diversification in an increasingly volatile market.
Read Next
<a href="https://www.benzinga.com/news/stock-split/25/03/44067742/21-trillion-wealth-creating-stocks-are-still-undervalued-three-big-bargains-to-buy-now">$21 Trillion Wealth-Creating Stocks Are Still Undervalued — Three Big Bargains To Buy Now</a>

Bear Market in Diversification Eases as Investors Seek Alternative Assets

Dave Portnoy is pulling no punches when it comes to his opinion on career politicians. The Barstool Sports founder recently voiced his frustration, saying that lawmakers who have never worked in the private sector are out of touch with reality.
<h2 class="wp-block-heading">Portnoy's Take on Politicians Without Private-Sector Experience</h2>
Portnoy took to X to express his belief that politicians should be required to have real-world job experience before holding office. "I firmly believe it should be illegal for any politician to never have 1 job in the private sector. Going directly from college to politics is fake life," he <a href="https://x.com/stoolpresidente/status/1902071296923402587">wrote</a>.
<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 firmly believe it should be illegal for any politician to never have 1 job in the private sector. Going directly from college to politics is fake life. <a href="https://t.co/sskV8bjHBS">pic.twitter.com/sskV8bjHBS</a>
&mdash; Dave Portnoy (@stoolpresidente) <a href="https://twitter.com/stoolpresidente/status/1902071296923402587?ref_src=twsrc%5Etfw">March 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Don't Miss:
<ul>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> this is your last chance to become an investor for $0.80 per share.</a></li>
<li>This Startup Is On The Brink Of A Huge Disruption To The $654 Billion Industry – <a href="https://www.benzinga.com/money/venhub-adv">Invest In It Before It Fulfills 800 Pre-Orders</a></li>
</ul>
His post included a clip of Sen. Chuck Schumer (D-NY) speaking on "The View," where the senate minority leader criticized those who oppose government regulations and taxes. "And you know what their attitude is? I made my money all by myself. How dare your government take my money from me?<a href="https://www.benzinga.com/25/02/43850974/its-an-american-duty-to-not-pay-our-taxes-robert-kiyosaki-proudly-says-hes-1-2-billion-in-debt-because-it-legally-leaves-him-tax-free"> I don't want to pay taxes</a>. Or, I built my company with my bare hands. How dare your government tell me how I should treat my customers, my, the land and water that I own, or my employees." He went on to say that this group of people seeks to "decimate the entire federal government" to benefit the wealthiest Americans.
"They hate government. Government's a barrier to people, a barrier to stop them from doing things. They want to destroy it. We are not letting them do it, and we're united," Schumer said.
Trending: This platform is reshaping how you invest in private companies —<a href="https://www.benzinga.com/money/kingscrowd-adv"> and you can be a part of it for $0.18 per share</a>
<h2 class="wp-block-heading">Portnoy Reveals Government Job Offer</h2>
Interestingly, <a href="https://www.benzinga.com/news/25/03/44303325/how-do-you-run-tesla-when-youre-working-on-doge-24-7-dave-portnoy-says-he-was-offered-a-government-job-but-hed-have-to-give-up-barstool-2">Portnoy revealed recently</a> that he was recently approached about a potential government role but turned it down. "I got a call, I don't know, a couple of months ago… and it was like, ‘Hey, would you have any interest, Dave, in joining the Department of Commerce, the Commerce Secretary under Lupnick [sic], or the guy working under him?'" he shared.
However, there was a catch—he would have had to step away from running Barstool Sports. "A caveat of joining the government is somebody would have to run Barstool. You can't run Barstool and work for the government," he explained. Portnoy said officials told him to let them know if he was interested, but they never followed up.
<h2 class="wp-block-heading">Where Should the Line Be Drawn?</h2>
Portnoy's remarks raise an ongoing debate about the intersection of business and politics. Should politicians be required to have private-sector experience? And should business leaders be allowed to <a href="https://www.benzinga.com/news/25/03/44283540/elon-musks-father-warned-in-november-that-if-elon-had-to-step-away-from-his-companies-for-government-duties-it-could-be-a-big-concern">hold government positions while running major companies</a>?
Read Next:
<ul>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
<li>It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a></li>
</ul>

Dave Portnoy Slams Career Politicians Who Never Had A Real Job—'Going From College Straight To Politics Is Fake Life'

China is considering the restriction of certain <a href="https://www.benzinga.com/news/global/24/12/42257504/trump-threatens-brics-nations-with-100-tariffs">exports to the U.S.</a> in the face of an intensifying economic offensive by President Donald Trump&#8216;s administration.
What Happened: Advisers to the Chinese government have indicated that Beijing is mulling over the implementation of voluntary export restraints (VERs). 
This tactic, previously employed by Japan in the 1980s to ward off increased import duties from the U.S., could potentially aid China in deflecting criticism regarding its &#8220;economic imbalances&#8221;, particularly in sectors such as electric vehicles and batteries.
According to a report <a href="https://www.wsj.com/economy/trade/china-explores-limiting-its-own-exports-to-mollify-trump-dcd347b7?mod=hp_lead_pos1">by</a> The Wall Street Journal, despite the imposition of new tariffs by Trump, amounting to a cumulative 20%, there have been no negotiations between Beijing and Washington.
Nevertheless, concerns over China&#8217;s market-distorting practices were voiced by Treasury Secretary Scott Bessent in a conversation&nbsp;with Chinese Vice Premier He&nbsp;Lifeng last month.
"The insistence of the Trump administration on using tariffs as a tool of trade policy might make China receptive to voluntary export restraints," Doug Irwin, economics professor at Dartmouth College told the Journal.
Also Read: <a href="https://www.benzinga.com/news/global/25/02/43423781/trumps-trade-tariffs-to-close-e-commerce-loophole-favoring-chinese-online-retailers">Trump&#8217;s Trade Tariffs to Close E-Commerce Loophole Favoring Chinese Online Retailers</a>
According to advisers, China may propose&nbsp;export restraints on EVs and&nbsp;batteries in return for investment&nbsp;opportunities in the U.S. This proposition could potentially be appealing to Trump, who has demonstrated a willingness to accept&nbsp;more Chinese investment in the&nbsp;U.S.
The outlet also highlighted that while Beijing is contemplating export restraints, it has no plans to alter its manufacturing-centric policy. 
Instead, it perceives this as a negotiation tactic with the Trump administration that could assist China in enhancing its value chain.
Why It Matters: The potential implementation of VERs by China could mark a significant shift in the ongoing trade war between the two economic superpowers. 
By voluntarily limiting exports, China could potentially mitigate the impact of U.S. tariffs and negotiate better terms for its investments in the U.S.
This move could also signal a strategic shift in China&#8217;s approach to dealing with trade disputes, moving away from retaliatory tariffs towards more nuanced negotiation tactics. 
However, the success of this strategy will largely depend on the Trump administration&#8217;s response and willingness to negotiate.
Read Next
<a href="https://www.benzinga.com/news/24/11/42154276/us-confronts-chinese-cyber-espionage-threat-worst-telecom-hack-in-our-nations-history">US Confronts Chinese Cyber-Espionage Threat: &#8216;Worst Telecom Hack In Our Nation&#8217;s History&#8217;</a>
Image: Shutterstock

China Ponders Export Limitations to Quell Trump's Trade Onslaught

Joe Rogan is raising alarms about the growing influence of artificial intelligence and the evolving role of government in people's lives. In a recent <a href="https://www.youtube.com/watch?v=xsqbdBiidWE">conversation</a> with Josh Waitzkin on &#8220;The Joe Rogan Experience,&#8221; he explored what the future could look like as AI begins to reshape society, work and identity.
<h2 class="wp-block-heading">AI Could Change What It Means To Be Human</h2>
Waitzkin, a former chess prodigy and martial artist, argued that humanity is facing an unprecedented challenge. As <a href="https://www.benzinga.com/news/global/25/01/43149854/ai-ai-agents-will-create-unprecedented-opportunities-and-profound-risks-world-economic-forum-says">AI becomes more powerful</a>, people will need to adapt rapidly or risk being left behind. &#8220;We need to create the ability to reinvent ourselves, to be creative, to adapt,&#8221; he said. He compared our current position to a beginner in jiu-jitsu, completely outmatched by a skilled opponent.
Don't Miss:
<ul>
<li>Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.55 per share now</a>.</li>
<li>This startup is on the brink of a huge disruption to a $654 billion industry – <a href="https://www.benzinga.com/money/venhub-adv">invest in it for under $10 before it's too late</a>.</li>
</ul>
Rogan agreed and warned of a future where people become overly reliant on technology and government, losing the drive to create or push themselves. He believes we're drifting away from the democratic ideal where government is an extension of the people's will. "The government is now your provider. It's not just for the people, by the people. It's not representative of the people. It is now your provider," he said. "That's a very strange relationship to have."
He explained that this shift could result in a society where citizens no longer see themselves as active participants in shaping their future, but as passive recipients of state-controlled resources. That, Rogan argues, poses a deep psychological risk. If your rent, food, and healthcare are all provided by the state, and you never have to earn it or contribute meaningfully to your community, where does your sense of purpose come from?
Rogan emphasized that this isn't just a political concern, but a human one. It messes with identity. People need struggle, they need purpose and they need to build things. &#8220;If that's gone and now all of a sudden they just have a check, who are they?&#8221;
Trending: This platform is reshaping how you invest in private companies —<a href="https://www.benzinga.com/money/kingscrowd-adv"> and you can be a part of it for $0.18 per share</a>
<h2 class="wp-block-heading">A &#8216;Psychological Famine&#8217; Is Coming</h2>
The two discussed the impact of <a href="https://www.benzinga.com/personal-finance/25/02/43994419/i-dont-think-were-going-to-have-a-choice-elon-musk-predicts-universal-income-will-eventually-be-high-but-fears-people-will-feel">universal basic income</a> if widespread job loss becomes a reality. Rogan worries that many people, stripped of work and purpose, won't know how to find meaning. "What do you do to give yourself meaning if you're not the type of person that seeks out difficult things?" he asked.
He described a potential scenario where millions become dependent on government checks, addicted to <a href="https://www.benzinga.com/news/24/09/40914747/jpmorgan-ceo-jamie-dimon-thinks-social-media-platforms-like-tiktok-and-facebook-are-a-total-stupid-w">dopamine hits from social media</a>, and stuck in lives lacking direction. "Throughout history, the times have been very cruel to people who weren&#8217;t prepared. I worry about it almost like an intellectual famine, you know, like a psychological famine that people will be deprived of the thing that they have rested their hat upon, like their identity," Rogan said.
Waitzkin emphasized the importance of embracing change with a &#8220;beginner&#8217;s mind.&#8221; He said the pace of change will only accelerate, and people must train themselves to shift with it. &#8220;We want to be strapped to the front of the freight train as reality is unfolding and adapting to the new realities,&#8221; he said.
See Also: Many are using retirement income calculators to check if they&#8217;re on pace — <a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv">here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
<h2 class="wp-block-heading">Older Fears Resurface: AI As Government?</h2>
In a November <a href="https://www.youtube.com/watch?v=t5_EdPRLHuE">episode</a> with the &#8220;Triggernometry&#8221; podcast hosts Francis Foster and Konstantin Kisin, <a href="https://www.benzinga.com/startups/24/11/41754889/joe-rogan-fears-ai-could-be-used-to-create-really-objective-government-deciding-we-dont-need-corpora">Rogan revisited one of his recurring concerns</a>: the idea of AI running governments. He floated a scenario where an objective AI makes decisions without bias, ego or emotion. "Why don't we use AI for government and have a really objective government that doesn't have greed, lust, desire or the need for power?" he asked.
But he cautioned that such objectivity could go too far. A purely rational AI might decide the biggest problem is humanity itself. That, he said, is the risk of letting a machine run things without a moral compass.
Rogan and Waitzkin believe the future will be filled with breakthroughs and disruption. AI might improve lives, but only if humans prepare themselves mentally and emotionally. Waitzkin summed it up: the ability to constantly reinvent yourself might be the most valuable skill of the 21st century.
Read Next:
<ul>
<li>The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. <a href="https://www.benzinga.com/money/masterworks">See which asset class has outpaced the S&amp;P 500 (1995-2024) – and with near-zero correlation.</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>

Joe Rogan Says There's A 'Bizarre Connection' Between The Government And The People. It's No Longer 'Just For The People, By The People'

Elon Musk has issued a public threat to Pentagon employees suspected of leaking information about an alleged briefing on sensitive materials involving a potential U.S. war with China.
What Happened: The New York Times published a story suggesting Musk was to be briefed by the Pentagon on potential military plans involving China. This information was allegedly leaked by Pentagon employees.
After the story was published, both Pentagon officials and President Donald Trump confirmed the planned meeting but denied any discussions about China. &#8220;China will not even be mentioned or discussed,&#8221; Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/114198186465713235">stated</a> on his Truth Social platform, dismissing the media reports as &#8220;lies.&#8221;
Musk supported Trump&#8217;s statement, reposting the President&#8217;s comments and labeling the New York Times as &#8220;pure propaganda.&#8221; He also warned the alleged leakers at the Pentagon, stating, &#8220;They will be found.&#8221;
<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">The New York Times is pure propaganda. Also, I look forward to the prosecutions of those at the Pentagon who are leaking maliciously false information to NYT. They will be found. <a href="https://t.co/xANvLMOH5j">pic.twitter.com/xANvLMOH5j</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1902977556329931052?ref_src=twsrc%5Etfw">March 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The New York Times <a href="https://www.benzinga.com/markets/25/03/44431437/trump-debunks-reports-of-elon-musks-briefing-on-us-china-war-strategy-china-will-not-even-be-mentioned">report</a> suggested that such a briefing would expand Musk&#8217;s role within the federal bureaucracy, raising questions about potential conflicts of interest given his business dealings in China and his role as a major government contractor with SpaceX.
Also Read: <a href="https://www.benzinga.com/news/25/03/44209536/trump-vs-musk-federal-workers-unconvinced-hell-take-action-if-they-dont-cut-elon-will-comments-show-whos-really-in-charge">Trump vs Musk? Federal Workers Unconvinced He&#8217;ll Take Action: &#8216;If They Don&#8217;t Cut, Elon will, Comments Show Who&#8217;s Really In Charge&#8217;</a>
Why It Matters: The controversy surrounding the alleged leak highlights the sensitive nature of information within the Pentagon and the potential implications of such leaks. 
Musk&#8217;s threat to the leakers underscores the seriousness of the situation and the potential consequences for those involved.
Furthermore, the incident raises questions about Musk&#8217;s role within the government and his potential conflicts of interest. As a major government contractor and a business figure with significant ties to China, the implications of Musk being briefed on potential military plans are significant. 
This controversy may impact Musk&#8217;s role within the government and his relationship with China, potentially affecting his business interests and the operations of SpaceX.
Read Next
<a href="https://www.benzinga.com/news/25/03/44067638/elon-musk-claims-rival-billionaire-wants-to-destroy-trump-to-suppress-jeffrey-epstein-client-list" target="_blank" rel="noreferrer noopener">Elon Musk Claims Rival Billionaire Wants to ‘Destroy' Trump To Suppress Jeffrey Epstein Client List</a>
Image: Shutterstock

Elon Musk Warns Pentagon Leakers Following Exposé on Alleged Secret China War Briefing: 'They Will Be Found'

Press Releases

Frontier Releases New Study That Reveals Fiber Deployment Can Boost the U.S. Economy by Over $3 Trillion

Legal

Johnson Fistel Investigates the Proposed Merger of Frontier Communications; Is $38.50 a Fair Price?

Frontier Offers Customers Netflix Premium Plan Just in Time for the Holiday Season

Frontier to Report Fourth-Quarter and Full-Year 2024 Earnings on Feb. 20, 2025

Frontier Reports Fourth-Quarter and Full-Year 2024 Results

ATN International

Chunghwa Telecom

Frontier Comms Parent Inc

IHS Holding

Shenandoah Telecommunications Co - Common Stock

Shenandoah

Sunrise Communications AG - American Depositary Shares representing Class A shares

Sunrise Communications

AT&T

Telefonica

Telecom Argentina

Telkom Indonesia

Telefonica Brasil S.A. American Depositary Shares (Each representing One Common Share)

Comments

Frontier Comms Parent Inc

뉴스

파트너 / 기고자

벤징가 글로벌