Globe Life Option Alert: Mar 21 $75 Calls Sweep (14) near the Ask: 180 vs 553 OI

Globe Life Option Alert: Mar 21 $75 Calls Sweep (14) near the Ask: 180 @ $49.3 vs 553 OI; Ref=$123.68

Globe Life Option Alert: Fri $75 Calls at the Ask: 110 vs 247 OI

Globe Life Option Alert: Fri $75 Calls at the Ask: 110 @ $49.8 vs 247 OI; Ref=$124.78

Globe Life (NYSE:GL) 주식

GLOBE LIFE INC

Globe Life

Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The company's core operations are organized into three reportable segments: life insurance, supplemental health insurance and investments. Investment activities, conducted by the investment segment, focus on seeking investments with a yield and term appropriate to support the insurance product obligations. These investments generally consist of fixed maturities and, over the long term, the expected yields are considered when setting insurance premium rates and product profitability expectations.

Stuttgart,,Germany,-,07-01-2023:,Person,Holding,Smartphone,With,Logo,Of

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공매도 세력들은 글로브 라이프(NYSE:GL)를 표적으로 삼아 대행사 폐쇄와 회사 자회사의 의심스러운 비즈니스 관행을 주장하고 있다. JP모건의 애널리스트인 지미 S. 불라르(Jimmy S. Bhullar)에 따르면, 공매도 세력의 보고서에서 제기된 주장은 신뢰성이 부족하고 부정확한 내용으로 가득 차 있다.

글로브 라이프, &#39;공매도&#39; 도박을 무시하며 분석가는 여전히 낙관적

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GasLog Partners LP 8.625% Series A Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units

GasLog Partners LP

Benzinga examined the prospects for <a href="http://www.benzinga.com/trading-ideas" target="_blank" rel="noreferrer noopener">many investors' favorite stocks</a> over the last week — here's a look at some of our top stories.
Wall Street reeled this week as President Donald Trump's new global tariffs and hawkish Fed signals rattled investors. The tariffs triggered broad selloffs, dragging the S&amp;P 500 to its worst weekly loss since the pandemic's onset in 2020.
Stocks tumbled Thursday and Friday, with tech and consumer names especially hard-hit, as traders braced for higher costs and retaliatory trade risks. Concerns mounted over how renewed trade tensions could disrupt supply chains and weigh on corporate margins.
At the same time, Federal Reserve officials signaled fewer rate cuts ahead, compounding fears and sending bond yields higher, further pressuring equities across sectors.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.
The Bulls
<a href="https://www.benzinga.com/25/04/44645277/why-is-ev-maker-mullen-automotive-stock-skyrocketing-today">"Why Is EV Maker Mullen Automotive Stock Skyrocketing Today?"</a>, by Shivani Kumaresan, reports that Mullen Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) shares surged over 80% after the EV maker secured a $50 million funding commitment and reaffirmed it won't pursue a reverse stock split.
<a href="https://www.benzinga.com/news/earnings/25/04/44589883/why-cloudastructure-stock-is-soaring-tuesday">"Why Cloudastructure Stock Is Soaring Tuesday"</a>, by Adam Eckert, reports that Cloudastructure Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CLOU#OTC">CLOU</a>) shares jumped over 40% after the company reported a 161% year-over-year revenue increase in its fiscal fourth quarter and a significantly narrowed net loss.
<a href="https://www.benzinga.com/news/management/25/04/44597023/trumps-tariffs-could-spark-reshoring-boom-for-these-4-us-stocks">"Trump's Tariffs Could Spark Reshoring Boom For These 4 US Stocks"</a>, by Erica Kollman, explores how new U.S. tariffs and China's response could boost reshoring plays like Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), Eaton Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>), General Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), and Emerson Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>).
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/markets/equities/25/04/44634431/altimeters-brad-gerstner-builds-up-nvidia-stake-after-trump-tariffs-applauds-semiconductor-exception">Altimeter's Brad Gerstner Builds Up Nvidia Stake After Trump Tariffs, Applauds Semiconductor Exception</a>
<a href="https://www.benzinga.com/trading-ideas/technicals/25/04/44610672/stock-of-the-day-will-johnson-johnson-rally-the-sell-off-may-have-ended">Stock Of The Day: Will Johnson &amp; Johnson Rally? The Sell-Off May Have Ended</a>
<a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44645518/strong-jobs-report-offers-hope-but-will-it-be-enough-to-counter-tariff-turmoil">Strong Jobs Report Offers Hope — But Will It Be Enough To Counter Tariff Turmoil?</a>
The Bears
<a href="https://www.benzinga.com/25/04/44629275/nike-stock-is-tumbling-thursday-heres-why">"Nike Stock Is Tumbling Thursday: Here's Why"</a>, by Adam Eckert, reports that Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) shares fell after Citigroup downgraded the stock to Neutral, citing weak consumer demand in China and concerns about the company's long-term growth strategy.
<a href="https://www.benzinga.com/news/offerings/25/04/44627275/lucid-stock-is-hitting-the-brakes-thursday-whats-driving-the-action">"Lucid Stock Is Hitting The Brakes Thursday: What's Driving The Action"</a>, by Adam Eckert, reveals that Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) shares dropped after the EV maker announced a $1 billion stock offering backed by Saudi Arabia's Public Investment Fund, raising dilution concerns among investors.
<a href="https://www.benzinga.com/news/global/25/04/44632479/retail-stocks-slammed-as-trumps-tariff-plan-sends-shockwaves-through-sector">"Retail Stocks Slammed As Trump's Tariff Plan Sends Shockwaves Through Sector"</a>, by Erica Kollman, reports that the new tariffs triggered a selloff in major retailers including Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), and Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) over fears of rising costs and inflation.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/trading-ideas/technicals/25/04/44645278/coinbase-stock-drops-into-a-death-cross-will-xrp-futures-be-its-comeback-catalyst">Coinbase Stock Drops Into A Death Cross: Will XRP Futures Be Its Comeback Catalyst?</a>
<a href="https://www.benzinga.com/government/regulations/25/04/44647678/nasdaq-100-enters-bear-market-dow-in-correction-territory-traders-await-fed-chair-powells-remarks">Nasdaq 100 Enters Bear Market, Dow In Correction Territory, Traders Await Fed Chair Powell's Remarks</a>
<a href="https://www.benzinga.com/trading-ideas/movers/25/04/44618811/trump-tariffs-trigger-sell-off-on-holding-ast-spacemobile-lululemon-shopify-robinhood-tank">Trump Tariffs Trigger Sell-Off: On Holding, AST SpaceMobile, Lululemon, Shopify, Robinhood Tank</a>
Keep up with all the latest breaking news and trading ideas by following <a href="https://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener">Benzinga</a><a href="http://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener"> on X</a>.
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Benzinga Bulls And Bears: Nike, Target, And Walmart Among Hardest-Hit Following Trump's 'Liberation Day' Tariffs

Chamath Palihapitiya, in a post on X, has shared an old video in which renowned investor Warren Buffett has shared his thoughts on the emotional and psychological aspects of stock ownership, emphasizing the importance of staying calm during market volatility.
What Happened: Buffett, known as the ‘Oracle of Omaha', shared his insights on stock ownership, emphasizing emotional and psychological readiness.
&#8220;If you&#8217;re going to do dumb things because your stock goes down, you shouldn&#8217;t own a stock at all," Buffet said during an interview with CNBC.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The GOAT has spoken: No crying in the casino!! <a href="https://t.co/54x0nMhZnr">https://t.co/54x0nMhZnr</a>
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1908326913225220458?ref_src=twsrc%5Etfw">April 5, 2025</a></blockquote>
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Buffett&#8217;s remarks highlight the importance of maintaining composure during market fluctuations. He suggested that some individuals may not be suited for stock ownership due to their emotional responses to market changes.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f1fa;&#x1f1f8; WARREN BUFFET: SOME PEOPLE SHOULD NOT OWN STOCKS AT ALL &quot;Some people should not own stocks at all because they get too upset with price fluctuations. If you&#39;re going to do dumb things because a stock goes down, you shouldn&#39;t own a stock at all.&quot; Source: <a href="https://twitter.com/devorydarkins?ref_src=twsrc%5Etfw">@devorydarkins</a> <a href="https://t.co/VY5LCBldlB">https://t.co/VY5LCBldlB</a> <a href="https://t.co/8R10PHFURJ">pic.twitter.com/8R10PHFURJ</a>
&mdash; Mario Nawfal (@MarioNawfal) <a href="https://twitter.com/MarioNawfal/status/1908384102815822241?ref_src=twsrc%5Etfw">April 5, 2025</a></blockquote>
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This advice comes as a reminder to investors about the significance of psychological preparedness in the stock market.
See Also:<a href="https://www.benzinga.com/media/25/04/44655737/former-microsoft-ceo-steve-ballmer-says-trumps-new-tariffs-could-spark-global-turmoil-hurt-consumers-as-satya-nadella-led-msfts-stock-drops-14-ytd"> Former Microsoft CEO Steve Ballmer Says Trump&#8217;s New Tariffs Could Spark Global Turmoil, Hurt Consumers As Satya Nadella-Led MSFT&#8217;s Stock Drops 14% YTD</a>
Why It Matters: Buffett&#8217;s advice comes at a time when market conditions are particularly unstable. Recently, the U.S. stock market faced a significant downturn due to escalating tensions between the U.S. and China. The ‘Liberation Day' tariffs announced by President Donald Trump led to a<a href="https://www.benzinga.com/markets/equities/25/04/44655719/trump-tariffs-erode-5-trillion-in-market-cap-in-2-days-as-china-retaliates-jerome-powell-warns-of-inflation"> $5 trillion loss in market capitalization</a> for S&amp;P 500 companies over just two days.
Additionally, a Goldman Sachs analyst has warned that these<a href="https://www.benzinga.com/25/04/44652222/trumps-tariffs-may-shift-us-spending-from-goods-to-services-creating-uncertainty-for-ecommerce-and-advertising-industries-analyst-warns"> tariffs could shift U.S. spending</a> from goods to services, creating uncertainty in various sectors. This environment of heightened uncertainty underscores the importance of Buffett&#8217;s advice on emotional readiness and composure in stock ownership.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/04/44655719/trump-tariffs-erode-5-trillion-in-market-cap-in-2-days-as-china-retaliates-jerome-powell-warns-of-inflation">Trump Tariffs Erode $5 Trillion In Market Cap In 2 Days As China Retaliates, Jerome Powell Warns Of Inflation</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Equities

'If You're Going To Do Dumb Things Because Your Stock Goes Down…:' Warren Buffett's Old Warning Gains Steam As US Stocks Wipe Out $5 Trillion After Trump Tariffs

In a lighthearted moment on Friday during Microsoft Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) <a href="https://www.benzinga.com/25/04/44655911/microsoft-worker-disrupts-50th-anniversary-celebration-hurls-accusations-at-ai-ceo-mustafa-suleyman-while-calling-the-tech-giant-war-profiteer">50th anniversary celebrations</a>, AI Copilot, the company&#8217;s artificial intelligence assistant, took the opportunity to roast Bill Gates, Satya Nadella, and Steve Ballmer.
What Happened: As part of a special event, Microsoft CEO Nadella, along with <a href="https://www.benzinga.com/media/25/04/44655737/former-microsoft-ceo-steve-ballmer-says-trumps-new-tariffs-could-spark-global-turmoil-hurt-consumers-as-satya-nadella-led-msfts-stock-drops-14-ytd">former CEOs Gates and Ballmer</a>, sat down for an interview with Copilot, which was designed to celebrate the company&#8217;s legacy.
The conversation kicks off with Satya Nadella prompting, &#8220;wrap it up by asking or maybe roast giving us each an AI roast?&#8221;
Without missing a beat, Microsoft's AI-powered assistant fires back with flair: "Alright, Satya. Let's spice it up."
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/03/44508019/tesla-and-other-us-robotics-giants-demand-federal-strategy-to-compete-with-chinas-138-billion-push-warn-america-will-lose-the-race-without-it" target="_blank" rel="noreferrer noopener">Tesla And Other US Robotics Giants Demand Federal Strategy To Compete With China's $138 Billion Push — Warn America Will Lose The Race Without It</a>
Copilot kicked things off with Ballmer, known for his boundless energy. "Steve, we&#8217;ll start with you. Your enthusiasm is legendary, but do you ever worry that your energy might short-circuit the AI? I mean, even robots need a coffee break after your pep talks," the Copilot joked.
Ballmer, unfazed, fired back with his trademark bravado: "Come on, dude. If you can&#8217;t handle me, you can&#8217;t handle a huge percentage of the world&#8217;s population. We&#8217;re counting on you."
"Fair point, Steve," the AI conceded.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Next up was Gates, with Copilot teasing his signature intense expression. "Now, Bill, you&#8217;ve got that signature thoughtful gaze, but do you ever think the AI might feel intimidated by your intense thinking face? I mean, it&#8217;s like it&#8217;s waiting for a blue screen moment," it asked.
Gates, never short on dry wit, replied:&nbsp; "I hope so. I mean, that&#8217;s all I&#8217;ve got left as these AIs get so damn intelligent. It&#8217;s just that gaze and my willingness to criticize that differentiates me."
"And it&#8217;s a formidable gaze indeed, Bill," the AI acknowledged.
Ballmer then jumped in, posing a question to Copilot, saying, "Copilot, would you ever be willing to criticise him?" To which Copilot responded, "Absolutely. Criticism is where growth happens."
Turning to current CEO Nadella, Copilot couldn't resist a final jab — this time about Nadella's well-documented passion for AI.
"Satya, AI seems to be your best buddy," the Copilot said. "But ever worry that your deep passion for AI could one day have it running the show, leaving you to just enjoy the ride?"
Nadella answered with a reference close to his heart — cricket.&nbsp; "Well, the day AI can play like the best cricket player that I enjoy, that&#8217;s the day it can run the show as far as I&#8217;m concerned."
"Touche, Satya. Let&#8217;s see if it can hit a century in cricket, and then we&#8217;ll talk. This has been a blast, gentlemen," the AI concluded, adding, "Here&#8217;s to another 50 years of innovation and adventure. Cheers."
Gates, ever the realist, added a cheeky final thought, "Whatever that means to an AI. Does it drink?"
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Three Microsoft CEOs walk into a room on Microsoft's 50th anniversary … and are interviewed by Copilot! <a href="https://t.co/5E8wHCDV92">pic.twitter.com/5E8wHCDV92</a>
&mdash; Satya Nadella (@satyanadella) <a href="https://twitter.com/satyanadella/status/1908044816677744693?ref_src=twsrc%5Etfw">April 4, 2025</a></blockquote>
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Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure" target="_blank" rel="noreferrer noopener">Tim Cook Praises China&#8217;s DeepSeek For Driving Efficiency, Stresses Apple&#8217;s ‘Prudent And Deliberate&#8217; Approach Toward Capital Expenditure</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Tech

MSFT

Bill Gates, Satya Nadella, And Steve Ballmer Get Roasted By Microsoft's AI Copilot: 'Let's Spice It Up'

Cathie Wood, CEO of Ark Invest, on Friday warned that President Donald Trump&#8217;s new <a href="https://www.benzinga.com/government/regulations/25/04/44631916/wall-street-wipes-out-2-trillion-apple-eyes-worst-day-since-covid-19-pandemic-oil-plummets-whats-driving-markets-thursday">tariffs could push the U.S. economy</a> into a recession but remained optimistic that innovation and smart policy could lead to a recovery.
What Happened: During an "Employment Friday" session, Wood analyzed the potential effects of Trump's newly imposed tariffs, which include a universal 10% base tariff on all imports and specific country tariffs, including 34% on China and 26% on India.
"Markets are in quite a bit of turmoil," Wood said, addressing the uncertainty created by these measures. She cautioned that these policies could push the U.S. into a recession, adding,&nbsp;
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/03/44508019/tesla-and-other-us-robotics-giants-demand-federal-strategy-to-compete-with-chinas-138-billion-push-warn-america-will-lose-the-race-without-it" target="_blank" rel="noreferrer noopener">Tesla And Other US Robotics Giants Demand Federal Strategy To Compete With China&#8217;s $138 Billion Push — Warn America Will Lose The Race Without It</a>
"We know how he calculated his version of reciprocity, but it doesn&#8217;t seem to make very much sense," she stated.
However, Wood also expressed hope that, with the right strategic policies, such as tax cuts and deregulation, the economy could eventually stabilize and grow. She also pointed to the lessons learned from the 2008 financial crisis, where market recovery began in late 2008 despite widespread financial turmoil.
She shared the video on X and said that the current situation could also be seen as a potential turning point. 
"Innovation gains traction during tough times," she said, referencing how businesses and consumers are often more willing to adapt and change when facing economic uncertainty.
She pointed to technological advances in AI, blockchain, and robotics as key factors that could help drive recovery.
"We are in the eye of the storm," Wood said. "But if President Trump cares about his legacy — which we know he does — or the midterm election campaign season, which will start this fall, then the last leg of this rolling recession is giving him and the Fed more degrees of freedom to pivot."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We are in the eye of the storm but, if President Trump cares about his legacy &#8211; which we know he does &#8211; or the midterm election campaign season &#8211; which will start this fall &#8211; then the last leg of this rolling recession is giving him and the Fed more degrees of freedom to pivot. <a href="https://t.co/4oc5JeMLJc">https://t.co/4oc5JeMLJc</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1908359222691049812?ref_src=twsrc%5Etfw">April 5, 2025</a></blockquote>
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Why It Matters: The stock market saw a <a href="https://in.benzinga.com/markets/equities/25/04/44655719/trump-tariffs-erode-5-trillion-in-market-cap-in-2-days-as-china-retaliates-jerome-powell-warns-of-inflation">sharp decline on Friday</a>, with S&amp;P 500 companies shedding $5 trillion in value following Trump&#8217;s announcement of sweeping tariffs on Wednesday.
The Nasdaq officially entered bear market territory, falling more than 20% from its all-time peak.
Federal Reserve Chair Jerome Powell remarked on the <a href="https://www.benzinga.com/government/regulations/25/04/44648681/powell-cites-tariff-driven-inflation-risks-shrugs-off-trumps-call-for-perfect-time-to-cut-rates">surprising scale of Trump's tariffs</a>, warning they could lead to increased inflation and dampen economic growth. At the same time, JP Morgan raised its projection for a recession, estimating a 60% likelihood by the end of the year.
On Friday, former Microsoft CEO Steve Ballmer also voiced concern that newly <a href="https://www.benzinga.com/media/25/04/44655737/former-microsoft-ceo-steve-ballmer-says-trumps-new-tariffs-could-spark-global-turmoil-hurt-consumers-as-satya-nadella-led-msfts-stock-drops-14-ytd">imposed tariffs could spark global</a> instability and hurt consumers.
On the other hand, JPMorgan analyst Thomas Kennedy views the tariffs as a possible <a href="https://in.benzinga.com/25/04/44642302/jim-cramer-slams-trumps-new-tariffs-despite-calling-himself-pro-tariff-labels-it-a-manmade-disaster">driver of major long-term change</a>, arguing that they signal the end of the globalization era.
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<li><a href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure" target="_blank" rel="noreferrer noopener">Tim Cook Praises China's DeepSeek For Driving Efficiency, Stresses Apple's ‘Prudent And Deliberate' Approach Toward Capital Expenditure</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Cathie Wood Weighs In On Trump's 'Tariff Turmoil' And Potential Economic Impact: 'If President Trump Cares About His Legacy…'

Elon Musk&#8217;s SpaceX, Amazon.com Inc. founder Jeff Bezos' Blue Origin, and Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and Lockheed Martin Corp.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>)&nbsp;United Launch Alliance&nbsp;(ULA) have been awarded contracts by the U.S. Space Force.
These contracts, valued at $13.5 billion, are intended for launching critical satellites into orbit by 2029.
What Happened: These contracts are part of the Space Force&#8217;s National Security Space Launch program, which will allocate approximately 54 missions through incremental task orders.
SpaceX will handle 28 missions, securing $5.9 billion, while ULA, a joint venture between Boeing and Lockheed Martin, will conduct 19 missions for $5.3 billion.
Blue Origin&nbsp;will manage seven missions, valued at $2.3 billion, with launches planned for later years.
The program recognizes these companies as leading U.S. rocket providers, despite&nbsp;Blue Origin&#8217;s&nbsp;limited launch experience compared to&nbsp;SpaceX&nbsp;and&nbsp;ULA.
SpaceX&nbsp;plans to utilize its Falcon 9 and Falcon Heavy rockets&nbsp;for the Phase 3 missions.
ULA&#8217;s&nbsp;Vulcan rocket, recently certified for national security missions, will also be used.&nbsp;The awards are part of&nbsp;the Phase 3 program&#8217;s &#8220;Lane 2&#8221; track, which involves the Pentagon&#8217;s most challenging and costly missions.
SpaceX&nbsp;is expected to receive the majority of the missions in the program&#8217;s first year, reflecting its high launch rate.
Elon Musk quipped that despite ULA bagging 40% of the Phase 3 missions, they cannot deliver on them yet.
"I hope they succeed, but they aren't there yet."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Winning 60% of the missions may sound generous, but the reality is that all SpaceX competitors combined cannot currently deliver the other 40%! I hope they succeed, but they aren't there yet.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1908278741794455908?ref_src=twsrc%5Etfw">April 4, 2025</a></blockquote>
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Why It Matters: This latest award highlights&nbsp;SpaceX&#8217;s&nbsp;growing influence in securing federal contracts, a trend that has been building over recent years.
In March, it was reported that&nbsp;<a href="https://www.benzinga.com/markets/25/03/44452231/elon-musks-spacex-on-track-to-secure-billions-in-federal-contracts-under-trump-report">SpaceX</a>&nbsp;was on track to secure billions in federal contracts under the Trump administration, with backing for its rocket technology for military cargo transportation.
Meanwhile, international competition is heating up, as Chinese startups, with support from President Xi Jinping, aim to challenge&nbsp;SpaceX&#8217;s dominance by 2030. <a href="https://www.benzinga.com/media/25/03/44451622/chinas-private-space-founder-says-they-can-beat-elon-musks-spacex-by-2030-as-president-xi-jinping-bets-big-on-reusable-rockets-to-break-free-from-us-tech-dependence">China&#8217;s private space sector</a>&nbsp;is making strides with reusable rockets.
Additionally,&nbsp;SpaceX&#8217;s recent success in safely returning NASA astronauts from the International Space Station further underscores its reliability and capability in space missions.
This was demonstrated in March when astronauts returned to Earth in a&nbsp;<a href="https://www.benzinga.com/general/space/25/03/44391875/sunita-williams-butch-wilmore-return-to-earth-on-spacex-dragon-capsule-after-286-days-in-space-nasa-astronauts-to-undergo-health-checks">SpaceX Dragon capsule</a>&nbsp;after an extended mission.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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<li><a href="https://www.benzinga.com/25/04/44655895/treasury-secretary-scott-bessent-says-stock-market-decline-is-due-to-chinas-deepseek-not-trumps-policies-mag-7-pr">Treasury Secretary Scott Bessent Says Stock Market Decline Is Due To China&#8217;s DeepSeek, Not Trump&#8217;s Policies: ‘Mag 7 Problem, Not A MAGA Problem'</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: SpaceX

SPACE

General

Elon Musk's SpaceX, Jeff Bezos' Blue Origin, And Boeing-Lockheed's ULA Bag $13.5 Billion Pentagon Launch Contracts

President&nbsp;Donald Trump&nbsp;has enacted sweeping tariffs that could significantly increase the cost of consumer goods, including&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhones. Analysts foresee a potential price surge&nbsp;of 30% to 40% if&nbsp;Apple passes these costs onto consumers.
What Happened: According to a report by Reuters, most iPhones are manufactured in China, which now faces a 54% tariff.
If these tariffs persist, Apple must choose between absorbing the increased costs or transferring them to customers. Apple shares dropped 9.3% on Thursday, marking&nbsp;their worst day since March&nbsp;2020.
Projections from Rosenblatt Securities suggest that Apple&#8217;s iPhone 16, initially priced at $799, could rise to $1,142. The iPhone 16 Pro Max, currently $1,599, might reach nearly $2,300 with a 43% price hike.
Despite some production shifting to Vietnam and India, these countries also face tariffs of 46% and 26%, respectively.
See Also:&nbsp;<a href="https://benzinga.com/media/25/04/44655737/former-microsoft-ceo-steve-ballmer-says-trumps-new-tariffs-could-spark-global-turmoil-hurt-consumers-as-sat" target="_blank" rel="noreferrer noopener">Former Microsoft CEO Steve Ballmer Says Trump&#8217;s New Tariffs Could Spark Global Turmoil, Hurt Consumers As Satya Nadella-Led MSFT&#8217;s Stock Drops 14% YTD</a>
Analysts like Angelo Zino from CFRA Research propose that Apple might delay significant price increases until the iPhone 17 launch in the fall.
Why It Matters: The tariffs imposed by President Trump have far-reaching implications beyond just consumer electronics.
Former Treasury Secretary&nbsp;Larry Summers&nbsp;<a href="https://www.benzinga.com/25/04/44622754/tariffs-are-most-expensive-and-masochistic-could-cost-30-trillion-to-the-economy-erasing-300k-per-family-explains-former-treasury-secretary-larry-summers">described these tariffs</a> as the &#8220;most expensive and masochistic&#8221; decision by the U.S., potentially costing the economy $30 trillion, or about $300,000 per family.
Additionally, the automotive sector is <a href="https://www.benzinga.com/25/03/44119668/trump-tariffs-could-make-your-next-car-12000-more-expensive-expert-says-25-fees-will-have-a-sharp-negative-effect-on-auto-sales">expected to face</a> significant challenges. Experts predict that the tariffs could increase car prices by $12,000, negatively impacting auto sales.
The tariffs, which include a <a href="https://www.benzinga.com/markets/25/02/43423288/trumps-tariffs-are-here-heres-what-will-get-more-expensive-from-canada-china-and-mexico">25% duty on imports</a> from Mexico and most goods from Canada, excluding energy-related items, are part of a broader strategy that could have substantial repercussions for American businesses and consumers.
Price Action: Apple&#8217;s stock has declined nearly 25% year-to-date, closing at $188.38 on Friday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Apple

AAPL

iPhone Prices Could Soar To Almost $2,300 Due To Trump Tariffs If Apple Decides To Pass On The Costs To Buyers

On Friday, a Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) employee disrupted the company's 50th-anniversary event, accusing the tech giant of complicity in war crimes. Microsoft&#8217;s former CEOs Bill Gates, Steve Ballmer, and current CEO Satya Nadella attended the event.
What Happened: During the event, Ibtihal Aboussad, a Microsoft employee, interrupted Microsoft's AI CEO Mustafa Suleyman's speech, shouting, "You are a war profiteer. Stop using AI for genocide. You have blood on your hands. All of Microsoft has blood on its hands."
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/03/44508019/tesla-and-other-us-robotics-giants-demand-federal-strategy-to-compete-with-chinas-138-billion-push-warn-america-will-lose-the-race-without-it" target="_blank" rel="noreferrer noopener">Tesla And Other US Robotics Giants Demand Federal Strategy To Compete With China&#8217;s $138 Billion Push — Warn America Will Lose The Race Without It</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is the moment a protester interrupted Microsoft&#39;s live Copilot AI event. <a href="https://t.co/QB7TxFCbqu">pic.twitter.com/QB7TxFCbqu</a>
&mdash; Zac Bowden (@zacbowden) <a href="https://twitter.com/zacbowden/status/1908202722760839426?ref_src=twsrc%5Etfw">April 4, 2025</a></blockquote>
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Aboussad, a software engineer with Microsoft's AI Platform org, followed the outburst with an email to Microsoft employees, explaining her actions, <a href="https://www.theverge.com/news/643670/microsoft-employee-protest-50th-annivesary-ai">reported</a> The Verge.
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&nbsp;&#8220;I spoke up today because after learning that my org was powering the genocide of my people in Palestine, I saw no other moral choice,&#8221; Aboussad wrote, condemning the company's alleged involvement in AI technology used by the Israeli military.
Microsoft did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Price Action: Microsoft&#8217;s stock dropped 3.56% on Friday. In the after-hours session, the stock declined an additional 0.025%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga Edge Stock Rankings gives MSFT a growth score of 64.59%. Want to see how it compares to other stocks? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here for the full analysis</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Worker Disrupts Microsoft 50th Anniversay Event With Bill Gates, Steve Ballmer, And Satya Nadella Present, Calls Tech Giant 'War Profiteer'

Scott Bessent, the U.S. Treasury Secretary, has attributed the recent stock market decline to the Chinese AI tool DeepSeek rather than President Donald Trump&#8216;s policies.
What Happened: During an interview with conservative commentator Tucker Carlson, Bessent emphasized that the market downturn began with the announcement of DeepSeek.
He stated, &#8220;For everyone who thinks these market declines are all based on the President&#8217;s economic policies, I can tell you that this market decline started with the Chinese AI announcement of DeepSeek.&#8221;
"…What&#8217;s happening with the market I&#8217;d say it&#8217;s more a Mag 7 problem, not a MAGA problem,&#8221; Bessent added. The &#8220;Mag 7&#8221; refers to seven high-performing tech stocks that had previously driven the market higher.
See Also: <a href="https://www.benzinga.com/markets/equities/25/04/44655719/trump-tariffs-erode-5-trillion-in-market-cap-in-2-days-as-china-retaliates-jerome-powell-warns-of-inflation">Trump Tariffs Erode $5 Trillion In Market Cap In 2 Days As China Retaliates, Jerome Powell Warns Of Inflation</a>
Despite a 10% drop in U.S. stocks following Trump&#8217;s new global tariff regime announcement, Bessent downplayed the impact of these policies. He also reiterated the administration&#8217;s commitment to a &#8220;strong dollar&#8221; policy, dismissing claims that tariffs were meant to weaken the dollar.
The dollar has declined nearly 6% against major currencies since Trump&#8217;s inauguration.
Why It Matters: The market&#8217;s reaction to President Trump&#8217;s tariff announcement has been significant. The U.S. markets faced a severe downturn, with S&amp;P 500 companies<a href="https://www.benzinga.com/markets/equities/25/04/44655719/trump-tariffs-erode-5-trillion-in-market-cap-in-2-days-as-china-retaliates-jerome-powell-warns-of-inflation"> losing $5 trillion in value</a> since the tariffs were announced.
This has led to concerns about potential global turmoil and negative impacts on consumers, as highlighted by former Microsoft CEO Steve Ballmer in an interview with CNBC. Ballmer warned that the escalating tariffs could have far-reaching effects on the economy.
Furthermore, a Goldman Sachs analyst has pointed out that Trump&#8217;s<a href="https://www.benzinga.com/25/04/44652222/trumps-tariffs-may-shift-us-spending-from-goods-to-services-creating-uncertainty-for-ecommerce-and-advertising-industries-analyst-warns"> tariffs could shift U.S. spending</a> from goods to services, creating uncertainty for e-commerce and advertising industries. This uncertainty is expected to slow corporate decisions and impact economic activity for the remainder of the year.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Treasury Secretary Scott Bessent Says Stock Market Decline Is Due To China's DeepSeek, Not Trump's Policies: 'Mag 7 Problem, Not A MAGA Problem'

On Friday, former Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Steve Ballmer expressed concern that President Donald Trump&#8217;s <a href="https://in.benzinga.com/news/global/25/04/44631606/trumps-tariff-exemptions-include-semiconductors-pharmaceuticals-oil-and-more">new tariffs could lead</a> to global turmoil and negatively impact consumers, especially as Microsoft's stock faces a 14.03% drop year-to-date.
What Happened: In an <a href="https://www.cnbc.com/2025/04/04/former-microsoft-ceo-steve-ballmer-on-trump-tariffs-not-good.html">interview</a> with CNBC, Ballmer warned that the U.S. government's escalating tariffs would have far-reaching effects on the economy, including significant challenges for consumers and investors.
"As a Microsoft shareholder, this kind of thing is not good," he stated, noting that the new tariffs on imported goods—affecting over 100 countries—would likely create significant disruption, particularly in industries reliant on global trade, like tech.
"I took just enough economics in college — that tariffs are actually going to bring some turmoil," Ballmer added.
Ballmer, who has been involved with Microsoft since its early days, spoke alongside Microsoft co-founder Bill Gates and current CEO Satya Nadella at a celebration marking the company's 50th anniversary.
Ballmer, now the owner of the Los Angeles Clippers, called himself Microsoft&#8217;s largest individual shareholder. A regulatory filing from 2014, the same year he purchased the Clippers for $2 billion, revealed that he owned more than 333 million Microsoft shares at the time.
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/03/44508019/tesla-and-other-us-robotics-giants-demand-federal-strategy-to-compete-with-chinas-138-billion-push-warn-america-will-lose-the-race-without-it" target="_blank" rel="noreferrer noopener">Tesla And Other US Robotics Giants Demand Federal Strategy To Compete With China's $138 Billion Push — Warn America Will Lose The Race Without It</a>
Why It Matters: Earlier this week, Microsoft reportedly <a href="https://www.benzinga.com/news/global/25/04/44645946/microsoft-halts-data-center-expansions-due-to-semiconductor-tariff-concerns-ai-overcapacity-fears">halted the launch of some</a> of its data center projects, both in the U.S. and internationally, despite committing $80 billion this fiscal year to AI-driven data center infrastructure.
Previously, Jeremy Siegel, a finance professor emeritus at Wharton School, <a href="https://in.benzinga.com/news/25/04/44648557/trumps-tariffs-could-be-worse-than-smoot-hawley-act-jeremy-siegel-tells-cnbc">compared Trump&#8217;s tariff policy</a> to the Smoot-Hawley Tariff Act of 1930, which is often blamed for exacerbating the Great Depression.
Jim Cramer also criticized the tariffs <a href="https://in.benzinga.com/25/04/44642302/jim-cramer-slams-trumps-new-tariffs-despite-calling-himself-pro-tariff-labels-it-a-manmade-disaster">as a &#8220;manmade disaster,&#8221;</a> arguing they are not reciprocal and could cause significant market harm.
Conversely, JPMorgan analyst Thomas Kennedy sees tariffs as a potential catalyst for significant long-term transformation. He suggests that the age of globalization is over.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Trinh Nguyen, senior economist for emerging Asia at Natixis, told CNBC earlier that the <a href="https://www.benzinga.com/markets/equities/25/04/44625309/teacher-would-laugh-and-say-sit-down-top-analyst-compares-trumps-reciprocal-tariff-calculations-to-a-9th-graders-economics-project">U.S. tariff strategy is primarily focused</a> on addressing trade imbalances rather than ensuring parity in tariff or non-tariff measures.
She explained that this approach poses a significant challenge for many Asian nations, especially those with lower income levels, as it demands they purchase more American goods than they export to the U.S., a target that is difficult to achieve in the short term.
Price Action: Microsoft shares fell 3.56% on Friday, closing at $359.84. Over the past 12 months, the stock has declined by 15.44%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Benzinga Edge Stock Rankings gives Microsoft (MSFT) a growth rating of 64.59%. Curious how it stacks up against other companies? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to view the full analysis</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Media

Former Microsoft CEO Steve Ballmer Says Trump's New Tariffs Could Spark Global Turmoil, Hurt Consumers As Satya Nadella-Led MSFT's Stock Drops 14% YTD

The U.S. markets faced a severe downturn as tensions between the U.S. and China escalated following the announcement of<a href="https://www.benzinga.com/25/04/44616760/donald-trump-sets-reciprocal-tariffs-on-key-trade-partners-in-historic-policy-shock"> new tariffs by President</a> Donald Trump.
What Happened: The stock market experienced a significant downturn on Friday, with S&amp;P 500 companies losing $5 trillion in value since Trump announced extensive tariffs on Wednesday, according to a report by Reuters.
The Nasdaq confirmed it was in a bear market, dropping over 20% from its record high. Oil and other commodity prices also saw a sharp decline. This $5 trillion loss marked a record two-day drop for the S&amp;P 500, surpassing the $3.3 trillion loss in March 2020 during the pandemic, as per LSEG data compiled by Reuters.
In response to Trump&#8217;s tariffs, China announced additional levies of 34% on U.S. goods, heightening fears of a global trade war. Trump imposed a 10% tariff on most U.S. imports, with higher levies on several countries, creating the steepest trade barriers in over a century.
See Also: <a href="https://benzinga.com/25/04/44643859/elon-musk-mark-zuckerberg-and-jensen-huang-lose-34-billion-heres-how-much-other-magnificent-7-billionaires-lost-a">Elon Musk, Mark Zuckerberg And Jensen Huang See $34 Billion Wiped Out In A Single Day: Here&#8217;s How Much Other &#8216;Magnificent 7&#8217; Billionaires Lost After Trump&#8217;s Liberation Day</a>
All three major U.S. stock indexes faced their largest weekly percentage losses since March 2020. The<a href="https://www.benzinga.com/25/04/44642131/volatility-gauge-vix-surges-to-an-8-month-high-more-fear-more-opportunity-says-analyst"> Cboe Volatility Index</a> surged to its highest level since April 2020.
Federal Reserve Chair Jerome Powell commented on the unexpected size of Trump&#8217;s tariffs,<a href="https://benzinga.com/government/regulations/25/04/44648681/powell-cites-tariff-driven-inflation-risks-shrugs-off-trumps-call-for-perfect-time-to-cut-rates"> predicting higher inflation</a> and slower growth. Meanwhile, JP Morgan increased its recession forecast to a 60% chance by year-end.
Why It Matters: The announcement of reciprocal tariffs by President Trump on April 2, 2025, marked a significant shift in U.S. trade policy. Described as &#8220;our Declaration of Economic Independence,&#8221; the tariffs aimed to rebalance trade relationships by imposing duties on imports from key partners.
The immediate impact was a massive sell-off in global markets, with<a href="https://www.benzinga.com/government/regulations/25/04/44631916/wall-street-wipes-out-2-trillion-apple-eyes-worst-day-since-covid-19-pandemic-oil-plummets-whats-driving-markets-thursday"> Wall Street erasing $2 trillion</a> in market cap on Thursday. Major companies like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) experienced substantial losses, reflecting investor concerns over the potential for a prolonged trade war.
Despite a strong U.S. labor market, with 228,000 jobs added in March, the fear of escalating trade tensions<a href="https://www.benzinga.com/government/regulations/25/04/44647678/nasdaq-100-enters-bear-market-dow-in-correction-territory-as-traders-anxiously-await-powell-remarks"> overshadowed positive economic indicators</a>. The tariffs have been likened to the Smoot-Hawley Tariff Act of 1930, which worsened the Great Depression, raising concerns about the global economic outlook.
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<li><a href="https://www.benzinga.com/25/04/44652055/its-more-a-mag-seven-problem-than-a-maga-one-treasury-secretary-says-as-wall-street-meltdowns">&#8216;It&#8217;s More A Mag 7 Problem Than A MAGA One,&#8217; Says Bessent As Wall Street Implodes</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Government

NVDA

Trump Tariffs Erode $5 Trillion In Market Cap In 2 Days As China Retaliates, Jerome Powell Warns Of Inflation

The ongoing negotiations over TikTok's U.S. operations have been delayed after China signaled its opposition to the proposed sale. President Donald Trump has extended the deadline for ByteDance's divestment <a href="https://www.benzinga.com/news/25/04/44645172/china-retaliates-with-34-tariff-on-all-us-imports-urges-trump-to-immediately-cancel-the-tariffs-calls-for-negotiation">due to the tariff hikes</a>.
What Happened: On Friday, President Trump announced an extension of the deadline for ByteDance to sell its U.S. operations of the popular video-sharing app TikTok.
The new deadline, extended by 75 days, was <a href="https://in.benzinga.com/25/03/44350823/oracle-reportedly-in-talks-with-white-house-over-project-texas-20-to-manage-tiktok-amid-security-concerns">initially set to expire</a> on Saturday under a 2024 law that mandates ByteDance sell TikTok's U.S. assets or face a potential ban.
The delay comes after China expressed strong disapproval of the deal, a stance that has now complicated the negotiations, reported Reuters, citing two people familiar with the matter.
See Also: <a href="https://www.benzinga.com/25/04/44641631/trumps-reciprocal-tariffs-threaten-to-derail-big-techs-billion-dollar-ai-infrastructure-plans-analysts-warn-stargate-was-already-unlikely-to-get-to-that-scale">Trump&#8217;s Reciprocal Tariffs Threaten To Derail Big Tech&#8217;s Billion-Dollar AI Infrastructure Plans, Analyst Singles Out This OpenAI-Linked Project As Likely To Get Hit</a>
The deal was reportedly <a href="https://in.benzinga.com/general/social-media/25/03/44563161/trump-says-tiktok-has-a-lot-of-potential-buyers-deal-to-come-before-saturday-deadline">near completion by Wednesday</a>, with the structure set to spin off TikTok&#8217;s U.S. operations into a new company. This new company would have been based in the U.S. and majority-owned by U.S. investors, with ByteDance maintaining a minority stake of less than 20%.
However, as tensions escalated over the U.S.-China trade relations and the recently introduced tariffs, China's opposition halted the deal.
The Chinese government, via the Chinese Embassy in Washington, said, "China has stated its position on TikTok on multiple occasions. China has always respected and protected the legitimate rights and interests of enterprises and opposed practices that violate the basic principles of the market economy."
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
This response followed President Trump's decision to implement a new round of tariffs, increasing duties on <a href="https://www.benzinga.com/news/global/25/04/44628368/trumps-tariffs-prompt-china-to-vow-countermeasures-experts-see-retaliation-likely">Chinese goods to 54%</a>, which directly affected the negotiations.
Trump acknowledged the difficulty in finalizing the deal given the new tariffs but expressed hope that discussions could continue in good faith with China.
He also stated, &#8220;We do not want TikTok to &#8216;go dark,'&#8221; underscoring his intention to find a solution that prevents the app from being banned in the U.S.
Why It Matters: The delay in TikTok's U.S. divestment highlights the ongoing friction between the U.S. and China over tech companies, national security concerns, and trade relations.
TikTok has faced scrutiny from U.S. lawmakers over concerns that the Chinese government could use the app to gather sensitive data on American citizens or influence them through its algorithm.
The <a href="https://in.benzinga.com/25/03/44345433/tiktok-ban-deadline-looms-but-vice-president-jd-vance-confirms-high-level-us-ownership-deal-is-nearly-done">2024 law was passed</a> with bipartisan support to address these concerns, and lawmakers have insisted that the divestment proceed swiftly to protect U.S. users.
<a href="https://www.benzinga.com/trading-ideas/movers/25/04/44645102/applovin-wants-tiktok-but-can-it-beat-amazon-and-onlyfans-to-the-punch">With companies such</a> as Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Andreessen Horowitz already involved in discussions to buy TikTok's U.S. operations, the potential for a resolution remains uncertain as China's approval becomes a critical obstacle.&nbsp;
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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<li><a href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure" target="_blank" rel="noreferrer noopener">Tim Cook Praises China&#8217;s DeepSeek For Driving Efficiency, Stresses Apple&#8217;s ‘Prudent And Deliberate&#8217; Approach Toward Capital Expenditure</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Social Media

AMZN

ORCL

TikTok's US Future In Limbo As China Blocks Sale, Trump Grants 75-Day Extension

On Friday, April 4, 2025, Cathie Wood-led Ark Invest made substantial trades involving several prominent companies including Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), CRISPR Therapeutics AG (NGM: CRSP), Beam Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAM#NASDAQ">BEAM</a>), UiPath Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>), Roblox Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), MercadoLibre Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>), and Repare Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPTX#NASDAQ">RPTX</a>).
The COIN Trade
Ark Invest purchased shares of Coinbase Global Inc across multiple ETFs. Ark Invest&#8217;s ARK Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) bought 12,187 shares, while the ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) funds added 54,988 and 15,982 shares, respectively.
The total value of the COIN shares bought, calculated from the last closing price of $160.55, amounts to approximately $13.5 million.
The AMZN Trade
Amazon.com Inc also saw significant buying action from Ark Invest. The ARKF, ARKK, and ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) funds bought 9,018, 25,528, and 8,408 shares, respectively.
Given Amazon&#8217;s last closing price of $171.0, the total value of the shares bought is approximately $7.4 million.
The CRSP and BEAM Trades
The ARKK fund bought 69,011 shares of CRISPR Therapeutics AG and 142,713 shares of Beam Therapeutics Inc. Based on the last closing prices of $32.65 and $15.2,7, respectively, the total value of the CRSP and BEAM shares bought is approximately $3.5 million.
The PATH Trade
Ark Invest's ARKK sold 448,505 shares of UiPath, while ARKQ sold 147,575 shares. The ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) fund sold 323,575 shares, and the ARKF fund sold 434,637 shares.
The RBLX, MELI, and RPTX Trades
Ark Invest sold shares of Roblox Corp. and MercadoLibre Inc. across various ETFs. Additionally, the ARKG fund sold 32,613 shares of Repare Therapeutics Inc, valued at approximately $32,613 based on the last closing price of $1.0.
Read Next:
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<li><a href="https://www.benzinga.com/25/04/44652222/trumps-tariffs-may-shift-us-spending-from-goods-to-services-creating-uncertainty-for-ecommerce-and-advertising-industries-analyst-warns">Tariffs To Impact End Demand: Goldman Sachs Analyst Expects Drag On Corporate Spending, Hiring</a> </li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
02:45 PMFeb 19, 2025	CALL	$75.00	Mar 21, 2025	-16	400	180	72	553	SWEEP	BULLISH
11:34 AMFeb 19, 2025	CALL	$75.00	Feb 21, 2025	-44	120	110	49	247	TRADE	BULLISH

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