에 대한 최신 뉴스 Nauticus Robotics (NASDAQ:KITT) 주식

Nauticus Robotics

Nauticus Robotics Inc develops fully electric autonomous robotic solutions for subsea applications. The company's business model includes using robotic systems for service, selling vehicles and components, and licensing related software to both the commercial and defense business sectors. The company's addressable markets include upstream, midstream, and downstream oil and gas, defense, offshore renewables, seafloor telecommunications, aquaculture, port security, oceanographic research, and subsea mining.

Nauticus Robotics Inc

Southside Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBSI#NASDAQ">SBSI</a>) reported quarterly earnings of $0.71 per share which beat the analyst consensus estimate of $0.68 by 4.41 percent. This is unchanged from the same period last year. The company reported quarterly sales of $64.08 million which missed the analyst consensus estimate of $67.31 million by 4.81 percent. This is a 1.59 percent increase over sales of $63.07 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

News

SBSI

Southside Bancshares Q1 EPS $0.71 Beats $0.68 Estimate, Sales $64.08M Miss $67.31M Estimate

Economist&nbsp;Peter Schiff&nbsp;took potshots at the private gala dinner invitation to top holders of Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) meme coin, equating it to corruption charges against Joe Biden&#8217;s son, Hunter Biden.
What Happened: In an X post on Monday, Schiff jabbed Donald Trump Jr., suggesting that he partnered with President Donald Trump&#8217;s cryptocurrency donors and insiders to launch &#8220;The Executive Branch.&#8221;
&#8220;Hunter Biden is already being outdone by Donald Trump Jr&#8230;.&#8221;
&#8220;For a mere $500,000, members buy exclusive access to Trump&#8217;s cabinet, where they can get drinks and tariff exemptions,&#8221; Schiff said. 
Schiff went a step further, suggesting that Trump Jr. outdid Hunter Biden in malpractice. Notably, Biden was found guilty of federal tax evasion and felony gun charges but<a href="https://www.benzinga.com/24/12/42258387/biden-grants-full-and-unconditional-pardon-to-hunter-i-hope-americans-will-understand"> received a full and unconditional pardon</a> from his father last year
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Hunter Biden is already being outdone by Donald Trump Jr., who has partnered with his father&#39;s mega crypto donors and key insiders to launch &quot;The Executive Branch.&quot; For a mere $500K, members buy exclusive access to Trump&#39;s cabinet, where they can get drinks and tariff exemptions.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1916930125456937069?ref_src=twsrc%5Etfw">April 28, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/45017261/bitcoin-mining-costs-jump-to-137000-per-coin-when-accounting-for-non-cash-expenses-coinshares" target="_blank" rel="noreferrer noopener">Bitcoin Mining Costs Jump To $137,000 Per Coin When Accounting For Non-Cash Expenses: CoinShares </a>
Why It Matters: Schiff&#8217;s taunt was most likely aimed at the invitation to the top 220 TRUMP meme coin holders to a <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44959727/trump-token-price-explodes-60-following-announcement-of-private-dinner-with-donald-trump">private dinner with POTUS</a>, which has sparked charges of corruption.
While Sen. Jon Ossoff (D-Ga.) <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45027557/trumps-memecoin-dinner-event-sparks-impeachment-call-from-democratic-senator-says-potus-is-selling-access-to-those-who-enrich-him">deemed selling access in exchange for payments</a> an impeachable offense, Sen. Elizabeth Warren (D-Mass.) requested that the U.S. Office of Government Ethics intervene in the matter.
The project, 80% of whose supply is controlled by an affiliate of the&nbsp;Trump Organization,&nbsp;states that TRUMP is not a political initiative or investment opportunity but an expression of support for Trump's ideals.
Interestingly, the team behind the project updated its terms and policies later to indicate that&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45012922/trump-meme-coin-surges-15-as-organizers-clarify-participation-rules-for-gala-dinner" target="_blank" rel="noreferrer noopener">Trump may not attend the gala dinner</a>&nbsp;and that the event may be cancelled or rescheduled at their discretion.
Schiff, on the other hand, has been a vocal critic of Trump&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43200132/peter-schiff-trumps-crypto-order-is-an-easy-way-to-pay-off-donors">pro-cryptocurrency policies</a>, claiming that they are a thinly veiled attempt to pay off donors who supported his political campaign last year.
Read Next:&nbsp;
<ul>
<li><a href="https://benzinga.com/markets/cryptocurrency/24/10/41262941/if-you-invested-1-000-in-dogecoin-when-rapper-meek-mill-grabbed-some-doge-heres-how-much-y" target="_blank" rel="noreferrer noopener">If You Invested $1,000 In Dogecoin When Rapper Meek Mill ‘Grabbed Some Doge,' Here's How Much You'd Have Today Meek Mill&#8217;s Bad Timing Buying Dogecoin: How Much Is It Possibly Worth?</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
Image Via Shutterstock

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

Cryptocurrency

Politics

Markets

$TRUMP

Peter Schiff Calls Out 'TRUMP' Coin Gala Invite: 'Hunter Biden Is Already Being Outdone'

To commemorate his first 100 days back in office, President Donald Trump will host more than two dozen top executives and CEO&#8217;s at the White House this week to highlight a range of investments from some of the biggest companies in the world.
What Happened: Leaders from NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>), Hyundai Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>), Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), and SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) are expected to be present at the "Investing in America" event on Wednesday, according to White House officials who spoke to Reuters. 
Trump intends to showcase recent investments in sectors like healthcare, defense, artificial intelligence, and consumer goods.
In January, Trump announced a private-sector pledge of up to $500 billion toward <a href="https://www.benzinga.com/news/25/01/43400191/openais-100-billion-texas-stargate-data-center-will-reportedly-employ-just-57-people-with-57600-annual-salaries">AI infrastructure</a> with support from OpenAI, SoftBank, and Oracle.
See Also: <a href="https://www.benzinga.com/25/04/45059552/goldman-sachs-reportedly-tells-countries-want-a-deal-keep-trump-happy">Want a Trade Deal? Keep Trump Happy, Goldman Sachs Reportedly Tells Countries</a>
Why It Matters: The event comes amid <a href="https://www.benzinga.com/markets/equities/25/04/44970516/boeing-adjusts-strategy-amid-trump-tariff-fallout-ceo-kelly-ortberg-says-wont-build-aircraft-for-customers-who-will-not-take-them-as-china-halts-deliveries">rising concerns </a>from industries dealing with tariff-induced disturbances. While Trump repeatedly <a href="https://www.benzinga.com/25/04/44811525/trump-hypes-500b-nvidia-investment-in-us-ai-supercomputers-golden-age-of-america-begins">called on global companies</a> to expand U.S. operations, automakers and manufacturers have expressed concerns over policy clarity and regulatory consistency. 
"I need clarity, and then I need consistency," said GM CEO Mary Barra last week, according to Reuters.
Despite the ambiguity, recent investments —like <a href="https://www.whitehouse.gov/articles/2025/03/more-investment-more-jobs-and-more-money-in-americans-pockets/">Hyundai's $21 billion U.S. commitment</a> and a new $5.8 billion steel plant in Louisiana — are being presented as proof of economic optimism. 
According to Reuters, White House spokesperson Kush Desai said, "Trillions in historic investment commitments since President Trump was elected from industry leaders including TSMC, Apple, and Roche demonstrate resounding confidence in the U.S. economy and dollar under this administration."
Still, with many companies waiting for more definitive trade policies before planning expansions, Trump's pitch this week will show how far investor confidence can hold amid the changing landscape. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/global/25/04/45047432/trump-says-i-run-the-country-and-the-world-yet-polls-plummet">Trump Says &#8216;I Run The Country And The World,&#8217; Yet Polls Plummet</a></li>
</ul>
Image Via Shutterstock

Equities

HYMTF

NVDA

SFTBF

Nvidia, Johnson & Johnson, Hyundai, Toyota, SoftBank CEOs To Join Trump At White House As He Touts Investment Surge In First 100 Days: Report

Shares of Leggett &amp; Platt, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) rose sharply in pre-market trading after the company reported better-than-expected first-quarter EPS results and <a href="https://www.benzinga.com/quote/LEG/earnings">raised its FY25 EPS guidance</a>.
Leggett &amp; Platt reported quarterly earnings of 24 cents per share which beat the analyst consensus estimate of 22 cents per share. The company reported quarterly sales of $1.02 billion which met the analyst consensus estimate.
Leggett &amp; Platt shares jumped 14.8% to $8.35 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Wearable Devices Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLDS#NASDAQ">WLDS</a>) rose 55% to $1.86 in pre-market trading after dipping around 25% on Monday.</li>
<li>LogicMark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGMK#NASDAQ">LGMK</a>) surged 46.5% to $0.0189 in pre-market trading after jumping 48% on Monday.</li>
<li>Bon Natural Life Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BON#NASDAQ">BON</a>) surged 43.2% to $0.0931 in pre-market trading after gaining 13% on Monday. Bon Natural Life recently announced it won a $12 million 24-month supply agreement to develop apple polyphenol-infused health solutions.</li>
<li>Tevogen Bio Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>) gained 29.1% to $1.21 in pre-market trading after the company reaffirmed its oncology pipeline revenue forecast, projecting $1 billion in its launch year and a cumulative five-year estimate of $10 billion to $14 billion.</li>
<li>AGM Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGMH#NASDAQ">AGMH</a>) gained 28.6% to $0.1724 in pre-market trading after jumping 175% on Monday.</li>
<li>Odyssey Marine Exploration, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMEX#NASDAQ">OMEX</a>) jumped 17.4% to $1.55 in pre-market trading after dipping over 12% on Monday.</li>
<li>Algoma Steel Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTL#NASDAQ">ASTL</a>) gained 15.5% to $5.90 in pre-market trading ahead of quarterly earnings.</li>
<li>Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) gained 14.1% to $4.71 in pre-market trading after jumping 26% on Monday.</li>
<li>Evolv Technologies Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVLV#NASDAQ">EVLV</a>) rose 12.3% to $4.67 in pre-market trading following better-than-expected quarterly results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Incannex Healthcare Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IXHL#NASDAQ">IXHL</a>) shares fell 65.8% to $0.2086 in pre-market trading after declining around 3% on Monday.</li>
<li>First Commonwealth Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCF#NYSE">FCF</a>) shares dipped 21.5% to $12.01 in pre-market trading ahead of quarterly earnings.</li>
<li>National Energy Services Reunited Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NESR#NASDAQ">NESR</a>) shares fell 21.3% to $5.00 in pre-market trading.</li>
<li>Intelligent Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTJ#NASDAQ">INTJ</a>) fell 14.1% to $0.5792 in pre-market trading after dipping 12% on Monday.</li>
<li>PTL Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTLE#NASDAQ">PTLE</a>) shares tumbled 14% to $1.17 in pre-market trading after gaining around 9% on Monday.</li>
<li>Ultra Clean Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) fell 10.3% to $20.00 in pre-market trading after the company reported worse-than-expected first-quarter financial result and issued second-quarter guidance below estimates.</li>
<li>Hope Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOPE#NASDAQ">HOPE</a>) declined 9.5% to $9.02 in pre-market trading.</li>
<li>NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) dipped 7.7% to $181.18 in pre-market trading after the company reported first-quarter financial results and issued second-quarter EPS guidance with its midpoint below estimates. The company announced CEO Kurt Sievers will retire at the end of 2025.</li>
<li>Syndax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDX#NASDAQ">SNDX</a>) fell 7.5% to $12.42 in pre-market trading. Syndax Pharmaceuticals will report its first quarter financial results and provide a business update on Monday, May 5.</li>
<li>Sanmina Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANM#NASDAQ">SANM</a>) fell 5.8% to $76.00 in today's pre-market trading. Sanmina posted upbeat results for its second quarter, but issued weak forecast for the third quarter. The company said it sees third-quarter adjusted earnings of $1.35 to $1.45 per share, versus market estimates of $1.53 per share. It also expects sales of $1.925 billion to $2.025 billion for the current quarter, versus market projections of $2.06 billion.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/25/04/45038052/top-2-industrials-stocks-that-may-fall-off-a-cliff-this-quarter">Top 2 Industrials Stocks That May Fall Off A Cliff This Quarter</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

Movers

Trading Ideas

AGMH

ASTL

EVLV

HOPE

INTJ

IXHL

LGMK

NESR

NXPI

OMEX

PTLE

SANM

SNDX

TVGN

UCTT

WLDS

WOLF

Why Leggett & Platt Shares Are Trading Higher By Around 15%; Here Are 20 Stocks Moving Premarket

General

Aurora Mobile's Subsidiary SendCloud Partners With Chinese Cross-Border B2B Marketplace DHgate To Boost Customer Communication

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) said that the company expects the first units of the Semi to enter production by the end of the year.
What Happened: Dan Priestley, the head of Tesla's Semi Program, said that the Giga factory in Nevada can produce 50,000 units annually, Reuters reported on Tuesday.
"First units are set to be on the line by the end of this year, and we&#8217;ll be ramping the factory throughout 2026," he said in the report.
Why It Matters: News of the Semi production comes in as Tesla's plans to scale the truck's <a href="https://www.benzinga.com/25/04/44831422/donald-trumps-145-tariffs-on-china-could-disrupt-teslas-cybercab-semi-production-report">production were disrupted</a> by U.S. President Donald Trump's tariffs on China.
Elon Musk's EV giant was ready to ‘absorb' the costs of the imports when tariffs were at 34%, but the plan has since become unfeasible due to the 145% tariffs on Chinese goods.
The company has also committed to <a href="https://www.benzinga.com/news/24/05/38936949/tesla-semi-fleet-grows-as-pepsico-takes-delivery-of-another-50-ev-trucks">delivering Semi trucks</a> to PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>). Tesla had previously delivered over 50 EV Semi Trucks to PepsiCo last year.
Elsewhere, Musk has reiterated that the company is on track to release its robotaxi, a ride-hailing service that utilizes Tesla's FSD technology, in June. The company has already begun services in <a href="https://www.benzinga.com/tech/25/04/44972108/tesla-quietly-launched-robotaxi-service-for-employees-before-june-debut-now-reports-1500-completed-trips">a limited rollout r</a>estricted to company employees in Austin and the San Francisco Bay Area, and has already completed 1,500 trips.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="205" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29050018/TSLA-1-1024x205.jpg" alt="" class="wp-image-892382" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29050018/TSLA-1-1024x205.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29050018/TSLA-1-300x60.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29050018/TSLA-1-768x154.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29050018/TSLA-1-1536x307.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29050018/TSLA-1.jpg 1646w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla scores well on Momentum and Quality metrics, and has satisfactory Growth. However, the stock scores poorly on the Value metric. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/insider-trades/25/04/45059696/airbnb-billionaire-joe-gebbia-buys-over-1-million-worth-of-tsla-stock-ahead-of-elon-musks-robotaxi-launch-in-june">Airbnb Billionaire Joe Gebbia Buys Over $1 Million Worth Of TSLA Stock Ahead Of Elon Musk&#8217;s Robotaxi Launch In June</a></li>
</ul>
Image via Shutterstock

Tech

TSLA

Tesla's First Batch Of Semi Trucks To Roll Out From Nevada Plant By Late 2025, Despite Disruption From Trump's 145% Tariffs

Smithfield Foods Posts Q1 Revenue Increase Of  9.5% To $3.77B And An Adjusted EPS Of $0.58

Soft drinks giant, Coca-Cola Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) playbook for global scale and distribution is back in focus amid growing geopolitical uncertainties. 
What Happened: Last week, JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) analysts raised their price target for Coca-Cola Co. to $78 per share by the end of 2025, up from $74 previously, citing the company&#8217;s resilience amid growing tensions and uncertainties surrounding tariffs. The move came ahead of Coca-Cola's first-quarter earnings report.
The analysts, led by Andrea Teixeira, maintained their &#8220;Overweight&#8221; rating on the stock, highlighting the company's strong defensive qualities and describing it as a &#8220;port in a storm,&#8221; according <a href="https://www.cnbc.com/2025/04/21/jpmorgan-says-coca-cola-is-a-port-in-a-storm-as-staple-outperforms-market.html">to</a> a report by CNBC.
See More: <a href="https://benzinga.com/trading-ideas/25/04/44772209/3-big-brand-stocks-to-lean-on-during-tariff-troubles">3 Big Brand Stocks To Lean On During Tariff Troubles</a>
According to Teixeira, Coca-Cola's broad geographic reach, with the U.S. accounting for just 17% of its total volumes, helps the company offset slowdowns in some regions with stronger-than-expected performance in others.
While she acknowledged that Coca-Cola is not completely immune to tariffs or a potential global economic slowdown, she argued the company is &#8220;relatively more defensive&#8221; due to its strong organic sales growth. She also noted that the direct impact of tariffs is largely limited to the juice, which is sourced both locally and internationally.
Teixeira notes that the 25% tariffs on steel and aluminum will have an impact if the company&#8217;s bottlers offset the cost by passing it on to the consumers. &#8220;The company helps bottlers manage through the impacts through its cross-enterprise procurement team, and also can <a href="https://benzinga.com/news/25/02/43759161/coca-cola-warns-trumps-tariffs-could-force-it-to-use-more-plastic-if-aluminium-cans-become-more-expensive-we-can-shift-to-pet">emphasize different package types</a> if there is cost pressure on aluminum,&#8221; she adds.
Why It Matters: Coca-Cola&#8217;s resilience to geopolitical uncertainties has been built over several decades of careful supply-chain and distribution planning, which involves working with several local bottling partners in each country it operates in. 
Early this year, the company&#8217;s CEO, James Quincey, said, &#8220;we are predominantly a local business when it comes to making each of the beverages.&#8221; 
&#8220;The vast majority of everything that&#8217;s consumed in the U.S. is made in the U.S. Similarly, we&#8217;re in virtually every country around the world. And so while it&#8217;s a global business, it&#8217;s very local,&#8221; he added, while speaking with analysts during the company&#8217;s fourth quarter earnings release.
Just last week, it was reported that the company is <a href="https://benzinga.com/markets/equities/25/04/44892858/coca-cola-escapes-new-tariff-costs-with-us-based-production-while-pepsicos-irish-supply-faces-10-levy">escaping the tariffs</a> imposed by President Donald Trump, since all of its concentrates are made within the United States. This was in sharp contrast to PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>), which imports a bulk of its concentrates from Ireland, which is now subject to 10% tariffs.
Price Action: The company&#8217;s stock was down 0.17% on Monday, and is down 0.13% in after-hours trading, ahead of the company&#8217;s first quarter earnings on Tuesday. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="134" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29034225/Screenshot-2025-04-29-at-1.12.07-PM-1024x134.png" alt="" class="wp-image-892230" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29034225/Screenshot-2025-04-29-at-1.12.07-PM-1024x134.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29034225/Screenshot-2025-04-29-at-1.12.07-PM-300x39.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29034225/Screenshot-2025-04-29-at-1.12.07-PM-768x101.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29034225/Screenshot-2025-04-29-at-1.12.07-PM-1536x202.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29034225/Screenshot-2025-04-29-at-1.12.07-PM.png 1616w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Coca-Cola&#8217;s stock shows strong momentum, but scores weak on growth quality and value. It does, however, show strong price trends in the short, medium, and long terms. For more such insights, consider signing up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/04/45058659/dominos-is-fine-with-doordash-eyes-full-national-rollout-for-q2-ceo-says-pizza-giants-strategy-is-to-meet-customers-where-they-are">Domino&#8217;s Is &#8216;Fine&#8217; With DoorDash, Eyes Full National Rollout For Q2: CEO Says Pizza Giant&#8217;s Strategy Is To &#8216;Meet Customers Where They Are&#8217;</a></li>
</ul>
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Analyst Ratings

Coca-Cola's 200-Country Playbook Gets A Thumbs-Up From JPMorgan Analysts Amid Trump Tariffs

Geoffrey Hinton, known as the &#8220;Godfather of AI,&#8221; has joined a growing chorus of experts and former employees urging regulators to block OpenAI's controversial <a href="https://www.benzinga.com/news/24/09/41038183/openais-restructure-from-non-profit-to-potential-150b-for-profit-sam-altman-could-get-equity">restructuring plans</a>.
What Happened: On Monday, Hinton took to X, formerly Twitter, expressing support for efforts to halt OpenAI's transition to a more profit-driven structure. 
"I like OpenAI's mission of ‘ensure that artificial general intelligence benefits all of humanity,' and I'd like to stop them from completely gutting it," he wrote.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I like OpenAI's mission of &#39;ensure that artificial general intelligence benefits all of humanity", and I'd like to stop them from completely gutting it. I've signed on to a new letter to <a href="https://twitter.com/AGRobBonta?ref_src=twsrc%5Etfw">@AGRobBonta</a> &amp; <a href="https://twitter.com/DE_DOJ?ref_src=twsrc%5Etfw">@DE_DOJ</a> asking them to halt the restructuring. (1/2)
&mdash; Geoffrey Hinton (@geoffreyhinton) <a href="https://twitter.com/geoffreyhinton/status/1916915980246389120?ref_src=twsrc%5Etfw">April 28, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://in.benzinga.com/media/25/03/44566020/arm-aims-for-50-data-center-cpu-market-share-by-2025-challenging-intel-and-amd" target="_blank" rel="noreferrer noopener">Arm Aims for 50% Data Center CPU Market Share by 2025, Challenging Intel and AMD</a>
The AI expert has <a href="https://www.benzinga.com/news/legal/25/04/44975360/geoffrey-hinton-ex-openai-insiders-and-top-ai-experts-sound-alarm-on-openais-restructuring-warn-it-could-strip-public-of-oversight-betray-agi-mission">signed an open letter addressed</a> to California Attorney General Rob Bonta and Delaware Attorney General Kathy Jennings. The letter calls on regulators to intervene in OpenAI's plan to remove the nonprofit's controlling role over the company's direction.
"AGI is the most important and potentially dangerous technology of our time," Hinton added in a follow-up post. "OpenAI was right that this technology merits strong structures and incentives to ensure it is developed safely, and is wrong now in attempting to change these structures and incentives."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">AGI is the most important and potentially dangerous technology of our time. OpenAI was right that this technology merits strong structures and incentives to ensure it is developed safely, and is wrong now in attempting to change these structures and incentives. We&#39;re urging the…
&mdash; Geoffrey Hinton (@geoffreyhinton) <a href="https://twitter.com/geoffreyhinton/status/1916916200442912980?ref_src=twsrc%5Etfw">April 28, 2025</a></blockquote>
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The letter, hosted on NotForPrivateGain.org, is backed by <a href="https://www.benzinga.com/news/legal/25/04/44975360/geoffrey-hinton-ex-openai-insiders-and-top-ai-experts-sound-alarm-on-openais-restructuring-warn-it-could-strip-public-of-oversight-betray-agi-mission">more than 30 signatories</a>, including former OpenAI researchers, academics, and ethics leaders.
It argues that OpenAI's restructuring "would eliminate crucial governance safeguards" and violate the nonprofit's responsibility to prioritize public interest.
Why It's Important: OpenAI, which created ChatGPT, remains a leading force in artificial intelligence development.
The concerns raised by Hinton <a href="https://www.benzinga.com/tech/25/03/44066117/elon-musk-battles-openai-over-move-to-for-profit-model-and-experts-are-pushing-back">align with a lawsuit filed</a> by Elon Musk, whose company, xAI, is now a direct competitor of OpenAI.
Critics say its shift toward a for-profit model—reportedly necessary to <a href="https://www.benzinga.com/25/04/44580172/openai-finalizes-historic-40-billion-funding-round-valuing-company-at-300-billion-with-backing-from-softbank-and-microsoft">secure a $40 billion investment</a> from SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>)—risks undermining its original mission to develop AGI safely and ethically.
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), which has poured close to $14 billion into OpenAI, could <a href="https://www.benzinga.com/24/12/42712824/elon-musks-legal-battle-against-openais-for-profit-transition-joined-by-non-profit-encode">face major consequences</a> if regulators move to block the proposed restructuring.
OpenAI maintains that its nonprofit will remain intact and likened its new structure to public benefit corporations like Anthropic.
Read Next:
<ul>
<li><a href="https://benzinga.com/25/03/44554189/openai-and-microsoft-back-mcp-standard-in-major-shift-toward-interoperable-ai-agents-that-can-think-click-and-navigate-the-web-but-google-ceo-sundar-pichai-appears-to-be-mulling-over-it-in-shakespearean-fashion-to-mcp-or-not-to-mcp" target="_blank" rel="noreferrer noopener">OpenAI And Microsoft Back MCP Standard For Web-Surfing AI Agents; Google&#8217;s Sundar Pichai Asks A Shakespearean Question</a></li>
</ul>
Image Via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

MSFT

SFTBY

'Godfather Of AI' Geoffrey Hinton Backs Elon Musk In Fight Against OpenAI's Restructuring: 'I'd Like To Stop Them From Completely Gutting It'

With U.S. stock futures trading slightly higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) to report quarterly earnings at $2.66 per share on revenue of $43.21 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. GM shares gained 0.3% to $47.39 in after-hours trading.</li>
<li>Analysts are expecting The Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) to post quarterly earnings at 72 cents per share on revenue of $11.17 billion. The company will release earnings before the markets open. Coca-Cola shares fell 0.1% to $71.70 in after-hours trading.</li>
<li>Sanmina Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANM#NASDAQ">SANM</a>) posted upbeat results for its second quarter, but issued weak forecast for the third quarter. The company said it sees third-quarter adjusted earnings of $1.35 to $1.45 per share, versus market estimates of $1.53 per share. It also expects sales of $1.925 billion to $2.025 billion for the current quarter, versus market projections of $2.06 billion. Sanmina shares dipped 7.1% to $75.02 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Novartis AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>) posted better-than-expected earnings for its first quarter and increased its guidance for 2025. Novartis shares rose 0.02% to $112.65 in the after-hours trading session.</li>
<li>Analysts expect Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) to post quarterly earnings at 48 cents per share on revenue of $8.83 billion after the closing bell. Starbucks shares gained 0.3% to $84.18 in the after-hours trading session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/25/04/45038052/top-2-industrials-stocks-that-may-fall-off-a-cliff-this-quarter">Top 2 Industrials Stocks That May Fall Off A Cliff This Quarter</a> </li>
</ul>
Photo via Shutterstock

SBUX

General Motors, Coca-Cola And 3 Stocks To Watch Heading Into Tuesday

The CNN Money Fear and Greed index some easing in the overall fear level, while the index remained in the &#8220;Fear&#8221; zone on Monday.
U.S. stocks settled mostly higher on Monday, with the S&amp;P 500 recording gains for the fifth straight session. Major indices also recorded gains last week, with the S&amp;P 500 adding 4.6% and the Nasdaq jumping 6.7%. The Dow also notched a weekly gain of 2.5%.
Roper Technologies, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) reported better-than-expected earnings for its first quarter and raised its forecast. Domino's Pizza, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NASDAQ">DPZ</a>) reported stronger-than-expected earnings for its first quarter on Monday.
On the economic data front, the Dallas Fed's general business activity index for Texas manufacturing dipped 19.5 points to a reading of -35.8 in April.
Most sectors on the S&amp;P 500 closed on a positive note, with real estate, energy and utilities stocks recording biggest gains on Monday. However, consumer staples and information technology stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 114 points to 40,227.59 on Monday. The S&amp;P 500 gained 0.06% to 5,528.75, while the Nasdaq Composite fell 0.10% at 17,366.13 during Monday's session.
Investors are awaiting earnings results from General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), The Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) and Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) today.
At a current reading of 36.3, the index remained in the &#8220;Fear&#8221; zone on Monday, versus a prior reading of 35.4.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based
&nbsp;on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/45038052/top-2-industrials-stocks-that-may-fall-off-a-cliff-this-quarter">Top 2 Industrials Stocks That May Fall Off A Cliff This Quarter</a> </li>
</ul>
Photo via Shutterstock

S&P 500 Gains For 5th Session: Investor Fear Eases, But Greed Index Remains In 'Fear' Zone

In a move that could potentially disrupt Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) sales model, Democratic lawmakers in New York are pushing to end the automaker&#8217;s direct sales exemption. This comes as a response to CEO Elon Musk&#8216;s support for the Trump administration.
What Happened: State Senator Patricia Fahy, a co-sponsor of a bill currently in the state legislature, is questioning Tesla&#8217;s unique exemption from the 2014 ban on automakers selling directly to customers. Fahy asked, &#8220;Why should we give them a monopoly?&#8221;
Fahy also criticized Musk&#8217;s association with an administration that she claims is &#8220;killing all the grant funding&nbsp;for electric vehicle infrastructure, killing&nbsp;wind energy, killing anything that&nbsp;might address climate change.&#8221; The proposed bill stems from the tense relationship between the Democratic Party and Musk under the Biden administration.
New York Democrats are pushing for an audit of a deal that gave Musk's company nearly $1 billion in benefits for a Buffalo plant, with a bill that could enable the state to reclaim the subsidies. Officials also want pension funds to divest from Tesla.
Tesla did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment.
If the bill is approved, Tesla customers in New York may need to travel out of state to receive their cars, reported Fortune. This could significantly impact Tesla, especially as the company faces growing competition from rivals like Rivian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Lucid (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), and Volkswagen&#8217;s upcoming Scout.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/global/25/04/45047432/trump-says-i-run-the-country-and-the-world-yet-polls-plummet" target="_blank" rel="noreferrer noopener">Trump Says &#8216;I Run The Country And The World,&#8217; Yet Polls Plummet</a>
Why It Matters:&nbsp;Tesla&#8217;s right to sell cars directly is also under challenge in several other states, including Washington, Florida, Colorado, Illinois, South Carolina, and Rhode Island.
This development comes on the heels of Tesla&#8217;s recent <a href="https://www.benzinga.com/content/44978897/tesla-earnings-miss-but-musk-refocuses-and-bulls-react">earnings </a>miss. Despite missing both revenue and earnings expectations, the market response was surprisingly positive, with Tesla&#8217;s stock opening higher the following day. Investors reacted positively to Musk&#8217;s promise of dedicating more time to his company than to DOGE.
However, Tesla has been facing challenges on other fronts. The automaker&#8217;s<a href="https://www.benzinga.com/25/02/43765071/teslas-california-sales-hit-four-year-low-amid-political-concerns-researcher-says-left-leaning-customers-are-turning-away-from-ev-giant"> sales in California</a> hit a four-year low, with left-leaning customers reportedly turning away due to Musk&#8217;s political actions. If the proposed New York bill passes, it could further complicate Tesla&#8217;s sales strategy and impact its market position.
Meanwhile, State Senator Jacob Ashby, a Republican from Colonie, criticized Ms. Fahy's bill as misguided, stating that "government should not be picking winners and losers on this."
Tesla holds a momentum rating of 92.80% and a quality rating of 94.16%, according to&nbsp;<a href="https://www.benzinga.com/quote/TSLA" target="_blank" rel="noreferrer noopener">Benzinga&#8217;s Proprietary Edge Rankings</a>. For an in-depth report on more stocks and insights into growth opportunities,&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks?utm_campaign=partner_feed&amp;utm_source=yahooFinance&amp;utm_medium=partner_feed&amp;utm_content=real_estate&amp;nid=44918922" target="_blank" rel="noreferrer noopener">sign</a>&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks?utm_campaign=partner_feed&amp;utm_source=yahooFinance&amp;utm_medium=partner_feed&amp;utm_content=real_estate&amp;nid=44918922" target="_blank" rel="noreferrer noopener">up for Benzinga Edge.</a>
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/media/25/04/45058299/elon-musks-starlink-empire-gets-new-challenger-in-shape-of-jeff-bezos-amazon-project-kuiper-deploys-first-o" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Starlink Empire Gets New Challenger In Shape Of Jeff Bezos&#8217; Amazon: Project Kuiper Deploys First Operational Satellites</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

LCID

RIVN

New York Democrats Propose Bill To End Tesla's Direct-To-Customer Sales Model: 'Why Should We Give Them A Monopoly'

Economist Jeffrey Sachs compared President Donald Trump&#8217;s tariff logic to blaming shopkeepers for a maxed-out credit card.
What Happened: Arguing at Turkey's Antalya Diplomacy Forum, Sachs said, &#8220;If you take your credit card and you go shopping and you run up a large credit card debt, you're running a trade deficit with all those shops. Now, it would be pretty strange if you then blamed all the shop owners for having sold you all those things.&#8221;
Sachs added that the United States "is outspending its national income," not being "cheated" by trading partners. The Columbia professor's quip lands as Trump's new duties, some as high as 145 percent, roil markets and stoke fears of higher consumer prices.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Jeffrey Sachs on tariffs: &quot;If you take your credit card and you go shopping and you run up a large credit card debt, you're running a trade deficit with all those shops. Now, it would be pretty strange if you then blamed all the shop owners for having sold you all those things.&quot; <a href="https://t.co/Qrar2pIsNt">pic.twitter.com/Qrar2pIsNt</a>
&mdash; unusual_whales (@unusual_whales) <a href="https://twitter.com/unusual_whales/status/1916583378088001715?ref_src=twsrc%5Etfw">April 27, 2025</a></blockquote>
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See also: <a href="https://www.benzinga.com/markets/equities/25/04/45058829/jim-cramer-dismisses-recession-panic-says-tariffs-may-sting-but-too-many-jobs-for-economy-to-derail">Jim Cramer Dismisses Recession Panic: Says Tariffs May Sting, But Too &#8216;Many Jobs&#8217; For Economy To &#8216;Derail&#8217;</a>
Sachs told delegates that a trade deficit reflects domestic overspending, not foreign perfidy: "It would be pretty strange if you blamed all the shop owners for having sold you things." He mocked Trump's grasp of macroeconomics, saying the former president "never made it to the second day" of an international-finance course where such identities are taught.
Why It Matters: Investors are already bracing for sticker shock as tariffs bite. Surveys this week found that a majority of <a href="https://www.benzinga.com/markets/equities/25/04/45027881/trumps-approval-plummets-as-tariffs-bite-americans-expect-skyrocketing-prices-and-shrinking-wallets">Americans expect prices</a> to "skyrocket" if Trump's trade war deepens.​ That said, analysts note the White House has twice eased duties after spikes in Treasury yields signaled market stress.​ Cathie Wood likewise called the levies "tax increases that hurt growth," though she <a href="https://www.benzinga.com/markets/25/04/45000154/cathie-wood-warns-trumps-tariffs-are-tax-increases-that-hurt-growth-but-says-innovation-will-thrive-in-the-turmoil">predicted</a> Trump ultimately wants all barriers negotiated down.
Factory-floor fallout is spreading: Chinese manufacturers are idling plants and <a href="https://www.benzinga.com/markets/equities/25/04/45032435/trump-tariffs-prompt-suspension-of-chinese-factory-operations-and-shift-to-new-markets">hunting new buyers</a>, while U.S. automakers expect <a href="https://www.benzinga.com/25/04/45059191/donald-trump-will-reduce-impact-on-us-auto-industry-by-alleviating-some-auto-tarrifs-report">partial tariff relief</a> to blunt cost shocks. Meanwhile, recession chatter intensifies as consumer confidence slips and <a href="https://www.benzinga.com/personal-finance/25/04/44611151/recession-fears-surge-what-consumers-and-cfos-expect-how-it-could-impact-bitcoin-and-the-crypto-market">CFOs flag</a> weaker spending momentum.​
Image via Shutterstock
Read next: <a href="https://www.benzinga.com/general/education/25/04/45059231/mark-zuckerberg-says-theres-going-to-have-to-be-a-reckoning-about-college-degrees-and-whether-theyre-truly-worth-it-anymore">Mark Zuckerberg Says &#8216;Reckoning&#8217; For College Degrees Is Nearing As Student Debt Balloons: &#8216;You&#8217;re Starting Off In This Big Hole&#8217;</a>

Government

Regulations

Jeffrey Sachs Compares Trump's Tariff Logic To Maxing A Credit Card And Blaming The Store, Says US Simply 'Outspending Its National Income'

Swedbank (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SWDBY#OTC">SWDBY</a>) reported quarterly earnings of $0.68 per share. This is a 5.56 percent decrease over earnings of $0.72 per share from the same period last year. The company reported $1.62 billion in sales this quarter. This is a 6.78 percent decrease over sales of $1.74 billion the same period last year.

SWDBY

Swedbank Q1 EPS $0.68 Down From $0.72 YoY, Sales $1.62B Down From $1.74B YoY

ACGL

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CECO

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ESRT

ETWO

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Laboratory Corporation Of America Holdings

LOGI

LXFR

Earnings Scheduled For April 29, 2025

Tech investor Chamath Palihapitiya highlighted the rising dominance of stablecoins in the global financial system Tuesday, deeming them one of the hottest cryptocurrency narratives besides Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What Happened: As part of his deep dive into the stablecoin market, Palihapitiya noted that stablecoins&#8217; weekly transaction volumes have exceeded that of Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>).
These findings were corroborated by a recent report by asset management firm Bitwise, which <a href="https://s3.us-east-1.amazonaws.com/static.bitwiseinvestments.com/Research/Bitwise-Crypto-Market-Review-Q1-2025.pdf">showed </a>stablecoin transaction volumes overtaking the payments giant by 2024. In 2020, stablecoin volumes were 11% of total VISA volumes.
The dominance led Palihapitiya to call dollar-backed stablecoins, including Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) and USD Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>), the &#8220;second killer app&#8221; in the cryptocurrency space, next to Bitcoin.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Deep Dive: A Primer on Stablecoins Last year, Visa announced the launch of the Visa Tokenized Asset Platform, a new infrastructure designed to help banks issue and manage stablecoins and tokenized deposits. This week, Stripe began testing a stablecoin pilot, aiming to help… <a href="https://t.co/pYpRcA7hEG">pic.twitter.com/pYpRcA7hEG</a>
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1916970964983972070?ref_src=twsrc%5Etfw">April 28, 2025</a></blockquote>
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Palihapitiya outlined some key developments in the stablecoin market that influenced its growth trajectory. He mentioned Visa&#8217;s&nbsp;launch of the Visa Tokenized&nbsp;Asset Platform, Stripe&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38460707/stripe-makes-a-crypto-comeback-accepts-stablecoins-for-online-payments">stablecoin pilot</a>, and Mastercard&#8217;s&nbsp;new <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44935132/the-quiet-rise-of-the-worlds-new-money-standard">features </a>that allow consumers&nbsp;to spend stablecoins.
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/45058619/arizona-moving-to-convert-up-to-10-of-its-treasury-to-bitcoin-legislature-clears-bills-paving-way-for-strategic-crypto-reserve" target="_blank" rel="noreferrer noopener">Arizona Moving To Convert Up to 10% Of Its Treasury To Bitcoin: Legislature Clears Bills Paving Way For Strategic Crypto Reserve </a>
Why It Matters: The rise of dollar-backed stablecoins has been a hot topic in the cryptocurrency world. According to a&nbsp;multinational bank, Standard Chartered, the <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44812762/stablecoins-to-surge-to-2-trillion-by-2028-says-standard-chartered-heres-what-it-means-for-the-dollar">total value</a> of the stablecoin market is expected to surge from $230 billion today to $2 trillion by the end of 2028, potentially generating $1.6 trillion in additional demand for U.S. Treasury bills.
None other than President Donald Trump has <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44420122/donald-trump-calls-for-stablecoin-legislation-lauds-bitcoin-reserve-biden-got-a-fraction-of-their-value">called on Congress to pass stablecoin legislation</a>, emphasizing the need for clear rules to foster innovation in the cryptocurrency sector. 
The SEC has already stated that stablecoins fully backed by physical U.S. dollars or low-risk, short-term liquid instruments and redeemable at a 1:1 ratio with the U.S. dollar <a href="https://www.benzinga.com/content/44656762/sec-says-certain-stablecoins-qualify-as-non-securities-under-new-guidelines">will be classified as &#8220;non-securities</a>.&#8221;
Price Action: Shares of VISA closed 0.70% higher at $337.51 during Monday&#8217;s regular trading session. The stock exhibited good momentum and quality scores as of this writing. To know more about these metrics and more, check out <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="505" height="188" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29032855/Screenshot-2025-04-29-125817.png" alt="" class="wp-image-892206" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29032855/Screenshot-2025-04-29-125817.png 505w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29032855/Screenshot-2025-04-29-125817-300x112.png 300w" sizes="(max-width: 505px) 100vw, 505px" /></figure>
Read Next:&nbsp;
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<li><a href="https://benzinga.com/markets/cryptocurrency/25/04/45039243/xrp-is-the-top-altcoin-bet-10x-research" target="_blank" rel="noreferrer noopener">XRP Is The Top Altcoin Bet: 10x Research</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
Photo Courtesy: creativeneko on Shutterstock.com

$BTC

$USDC

$USDT

Chamath Palihapitiya Says Stablecoins Are Crypto's 'Second Killer App' After Bitcoin, As Volumes Surpass Visa

Uber Technologies Inc. is rescinding remote work privileges and making in-office attendance mandatory, following months of other tech giants issuing <a href="https://www.benzinga.com/markets/25/04/44971069/google-to-remote-workers-return-to-office-3-days-a-week-or-take-a-buyout-report">similar directives</a>. The new development was announced internally on Monday and is part of a company-wide push to modify operations under CEO Dara Khosrowshahi.
What Happened: From June, Uber employees will have to work from the office three days a week. Currently, only two days are mandatory. This rule will be applicable for workers who had previously been granted remote status. In a memo viewed <a href="https://www.cnbc.com/2025/04/28/uber-raises-in-office-requirement-to-3-days-claws-back-remote-workers.html">by</a> CNBC, Khosrowshahi said, "I want to emphasize that ‘good' is not going to be good enough — we need to be great." 
Tuesday through Thursday have been designated as mandatory in-office days. The company is also phasing out most new fully remote recruits and reconsidering work-from-home arrangements it had granted earlier.
Uber did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/news/global/25/04/44877914/from-s-o-paulo-to-sofia-the-emerging-region-hiring-boom-powering-americas-remote-workforce">From São Paulo to Sofia: The Emerging‑Region Hiring Boom Powering America&#8217;s Remote Workforce</a>
Why It Matters: With this move, Uber&#8217;s leadership has underlined its belief that in-person work improves performance. "Being in the office fuels collaboration, sparks creativity, and increases velocity," Khosrowshahi wrote. 
Corporate giants are <a href="https://www.benzinga.com/25/03/44300682/jamie-dimon-doubles-down-on-work-from-home-criticism-where-did-you-get-your-amazon-packages">scaling back flexibility to manage productivity</a> and investor apprehensions after pandemic-era overexpansion. Uber&#8217;s leadership team has said that attendance will be tracked, both at the team and individual levels.
Apart from the RTO move, Uber also changed its eligibility criteria for its one-month paid sabbatical from five to eight years of service. This decision generated speedy internal criticism. "This isn't ‘doing the right thing' for your employees," one staffer posted on the company's Q&amp;A forum, as per CNBC. Khosrowshahi and Chief People Officer Nikki Krishnamurthy are scheduled to address employee doubts and queries concerns at an all-hands meeting on Tuesday.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/education/25/04/44858177/uber-ceo-dara-khosrowshahi-says-the-two-college-courses-are-absolute-necessity-for-c-suite-aspiring-leaders">Uber CEO Dara Khosrowshahi Says The Two College Courses Are &#8216;Absolute Necessity&#8217; For C-Suite-Aspiring Leaders</a></li>
</ul>
Image Via Shutterstock

UBER

Uber Orders Employees Back To Office 3 Days A Week: Good 'Is Not Going To Be Good Enough,' Says CEO Dara Khosrowshahi

<ul>
<li>JetCool's SmartSense Coolant Distribution Unit (CDU) liquid-to-liquid solutions support hyperscale, enterprise, and colocation applications</li>
<li>Supported by Flex's advanced manufacturing capabilities and services to enable customers to rapidly scale liquid cooling infrastructure</li>
<li>Flex will highlight the CDU at the 2025 OCP EMEA Summit in booth A18</li>
</ul>

FLEX

Flex Expands JetCool Portfolio With In-Rack SmartSense CDU Delivering Up To 300kW Per Rack

In summary:
<ul>
<li>We urge shareholders not to be misled by the Vivo group's attempts to relitigate an unappealable verdict by the Privy Council, rewrite history, and paint a fictitious picture of the last few years' events, while simultaneously attempting to line their own pockets at your expense.</li>
<li>It is our fiduciary duty to vigorously defend against the hostile actions and lawsuits by the Vivo group so that we may ensure fairness for all shareholders, restore integrity and trust, and position SINOVAC for the future.</li>
<li>We are confident we will prevail, and we want to emphasize that we are urgently working to make things right as soon as possible to mitigate against further chaos and litigation, after what we have all endured over the last seven years.</li>
</ul>

SINOVAC Board Responds To Vivo Capital's Legal Threats, Defends $55/Share Special Dividend For Common Shareholders

NTRS

Northern Trust Inks Service Agreement With Ecosystem Certification Organization (ECO) To Provide Recordation And Settlement Services For Digital Carbon Credit Units Issued To Project Developers Under The Natural Forest Standard (NFS)

Press Releases

"Market Movers: CTOR, CTNT, PNPN.V, KITT, SHIM – More Stocks Inside to Watch"

Leidos and Nauticus Robotics Forge Subsea Strategic Alliance

Nauticus Robotics Announces Movement of Second Aquanaut Vehicle into the Acceptance Testing Phase

Nauticus Robotics Regains Compliance with Nasdaq Listing Standards

Commodities

Nauticus Robotics Announces Intent to Acquire SeaTrepid International

Stocks Under $3 for March 2025: PNPN.V, GV, KITT, TRNR, PRSO, Lead the Charge

Nauticus Robotics Announces Early Closure of SeaTrepid International Acquisition

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