PIMCO U.S. Treasury Index Fund PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (ARCA: PRFD)

Latest news for PIMCO U.S. Treasury Index Fund PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (ARCA:PRFD)

Fund invests least 80% of its assets in a diversified portfolio of preferred securities and Capital Securities. Capital Securities include securities issued by U.S. and non-U.S. financial institutions (including, but not limited to, banks and insurance companies) that can be used to satisfy their regulatory capital requirements. Preferred securities and Capital Securities may be represented by forwards or derivatives such as options, futures contracts or swap agreements. The total return sought by the Fund consists of income earned on the Funds investments, plus capital appreciation, if any, which generally arises from decreases in interest rates, foreign currency appreciation or improving credit fundamentals for a particular market sector or security.

Charles Schwab Corp.

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund

PIMCO U.S. Treasury Index Fund PIMCO Preferred and Capital Securities Active Exchange-Traded Fund

Sunlands Technology Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STG#NYSE">STG</a>) ("Sunlands" or the "Company"), a leader in China's adult online education market and China's adult personal interest learning market, today announced the full integration of DeepSeek, an advanced artificial intelligence (AI) model, into its operations. This marks a new phase in the company's technological transformation in the adult education sector. By leveraging DeepSeek's powerful reasoning capabilities and efficient learning mechanisms, Sunlands aims to drive innovation, empower core business functions, and optimize processes in key areas such as teaching and research, customer acquisition, and operational management, ultimately strengthening its leadership position in the industry.

News

Sunlands Integrates DeepSeek AI, Enhancing Adult Online Education in China

President Donald Trump reportedly issued a stringent warning to pharmaceutical companies, advising them to repatriate their manufacturing to the U.S. or face the possibility of tariffs.
What Happened: During a confidential meeting, Trump alerted drug companies about the impending tariffs, urging them to hasten the transfer of their overseas production to the U.S., reported <a href="https://www.bloomberg.com/news/articles/2025-02-21/trump-told-drugmakers-to-move-production-to-us-or-face-tariffs">Bloomberg</a> on Friday.
On Thursday, the CEO of Eli Lilly &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) David Ricks, CEO of Merck &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>) Robert Davis, CEO OF Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) Albert Bourla, and Stephen Ubl, head of the industry&#8217;s largest lobbying group met Trump at the White House. The executives aimed to persuade Trump to back efforts to limit a law permitting the federal government to negotiate specific drug prices and to support measures targeting middlemen whom the industry holds responsible for increasing out-of-pocket costs.
As per the Bloomberg report, Trump did not assure to advocate with Congress to alleviate a drug pricing program established under former President Joe Biden&#8216;s tenure, a relief that the pharmaceutical sector has been seeking.
Medicare officials confirmed on Friday that the next phase of the drug pricing negotiation program&nbsp;is due and would include Novo Nordisk&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) blockbuster weight loss drugs, Ozempic and Wegovy. 
Meanwhile, Trump stated that Health and Human Services Secretary Robert F. Kennedy Jr. and his nominee for leading Medicare and Medicaid, Mehmet Oz, are working to reduce drug prices.
SEE ALSO: <a href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43904842/dominos-gears-up-for-q4-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-analysts">Domino&#8217;s Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>
Why It Matters: Last week, Trump proposed to <a href="https://www.benzinga.com/25/02/43805852/trump-shakes-global-trade-with-25-auto-chip-and-pharma-tariffs-announcement-asian-stocks-pare-their-five-day-rally">impose a 25% tariff </a>on pharmaceuticals imported to the U.S. This latest move by Trump is not surprising given his previous confrontations with the pharmaceutical industry. During his first term, he even accused them at one point of &#8220;getting away with murder&#8221; with their drug pricing. 
ING Bank estimates that the U.S. imported nearly 36% of the drugs in 2024 with Ireland, Germany, and Switzerland being the top importers. Meanwhile, data from the Atlantic Council shows that U.S. imports of Chinese drugs surged 485% between 2020-2022.&nbsp;Following Trump&#8217;s latest warning to drugmakers to shift production in the U.S., Chinese biotech shares have taken a hit during their Asian trading session today. Shares of WuXi Biologics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/WXXWY#OTC">WXXWY</a>), WuXi AppTec (OTC:<a class="ticker" href="https://www.benzinga.com/stock/WUXAY#OTC">WUXAY</a>) and Pharmaron Beijing (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PHBBF#OTC">PHBBF</a>) witnessed significant declines. 
That being said, ING asserted that Trump&#8217;s call for expanding U.S. pharmaceutical manufacturing is justified, as a report from the Biden administration had indicated that capacity restrictions were the cause of drug shortages. However, a 2022 report by Washington University&nbsp;revealed that the capacity expansion would take between two to three years. 
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/news/25/02/43901182/bernie-sanders-warns-if-elon-musk-can-fire-hundreds-of-thousands-of-federal-employees-imagine-what-hell-do-to-private-sector-workers">Bernie Sanders Warns: If Elon Musk Can Fire Hundreds Of Thousands Of Federal Employees, Imagine What He&#8217;ll Do To Private Sector Workers</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.

Politics

Markets

PHBBF

WUXAY

WXXWY

Trump Reportedly Warns Big Pharma: Move Manufacturing To US Or Face Tariffs

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly preparing to launch new 13-inch and 15-inch MacBook Air models featuring <a href="https://in.benzinga.com/tech/25/02/43428732/apples-spring-2025-lineup-iphone-se-4-m4-macbook-air-and-more-expected-soon">M4 chips in March</a>.
What Happened: In his latest installment of the "Power On" newsletter, Bloomberg columnist Mark Gurman said that Apple has begun drawing down inventory of existing MacBook Air models in stores—an indication that new models are imminent.
The company has also begun readying its marketing, sales, and retail teams for the release.
While an earlier rumor suggested the M4 MacBook Air would be <a href="https://www.benzinga.com/24/12/42665141/top-apple-analyst-says-new-m4-macbook-air-could-be-available-sooner-than-expected">Apple's first hardware</a> launch of 2025, that title went to the iPhone 16e, <a href="https://in.benzinga.com/tech/25/02/43820197/apple-unveils-iphone-16e-with-a18-chip-ai-features-599-price-tag">which debuted last week</a>.
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.
Still, Gurman maintains that Apple will introduce the new MacBook Air lineup by March "at the latest," though the exact date remains unclear.
Why It Matters: Last month, Apple reported fiscal <a href="https://in.benzinga.com/news/earnings/25/01/43355688/apple-q1-earnings-revenue-beat-eps-beat-iphone-sales-slip-installed-base-climbs-to-all-time-high-our-best-quarter-ever">first-quarter revenue</a> of $124.3 billion, surpassing analyst expectations of $124.13 billion.
The tech giant posted adjusted earnings of $2.40 per share for the quarter, exceeding the projected $2.36 per share.
Mac revenue came in at $8.99 billion, an increase from $7.78 billion in the same period last year.
Price Action: In after-hours trading, Apple declined by 0.19%, settling at $245.08 at the time of publication, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
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:
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<li><a href="https://www.benzinga.com/25/02/43905357/apple-and-google-team-up-ios-184-leak-suggests-gemini-ai-could-soon-power-siris-smarter-responses">Apple May Soon Integrate Google&#8217;s Gemini In Siri, Shows iOS 18.4 Leak</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image via Shutterstock

Tech

AAPL

Apple's M4 MacBook Air Set For March Debut, Says Top Analyst — New 13-Inch And 15-Inch Models Reportedly Incoming

The hacker who <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43886224/bybit-founder-confirms-1-4-billion-ethereum-hack-blames-masked-transaction">carried out the biggest heist</a> in cryptocurrency history now holds more Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) than the blockchain's creator, Vitalik Buterin. 
What happened: North Korean state-backed Lazarus Group allegedly pilfered over $1.4 billion worth of ETH tokens after seizing control of the cold wallet of cryptocurrency exchange Bybit.&nbsp;
According to blockchain analytics firm Arkham Intelligence, the wallet tied to the hacker <a href="https://intel.arkm.com/explorer/entity/7fb57cc1-fd8e-449f-bd4b-025a5a461e53">held </a>437,700 ETH, worth $1.2 billion as of this writing, and accounted for 0.36% of Ethereum's total circulating supply. Notably, the hacker has begun to move portions of the hacked funds out.
Interestingly, Ethereum's co-founder Buterin owns far fewer ETH than the hacker.
As of this writing, the cryptocurrency mogul held about 240,081 ETH, worth $655.42 million, Arkham <a href="https://intel.arkm.com/explorer/entity/vitalik-buterin">data</a> showed. But that's not all.
The Ethereum Foundation, a non-profit dedicated to promoting and developing Ethereum-related technologies, held about 223,147 ETH, valued at $608 million.&nbsp;
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/general/entertainment/25/02/43905274/kanye-west-deletes-x-posts-on-potential-meme-coin-unfollows-changpeng-zhao-whats-he-upto">Kanye West Deletes X Posts On Potential Meme Coin, Unfollows Changpeng Zhao — What&#8217;s He Upto?</a>
Why It Matters: The massive breach sent shockwaves through the cryptocurrency market, igniting fears of a meltdown similar to the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42151412/bankrupt-crypto-exchange-ftx-to-commence-payments-to-customers-creditors-in-early-2025">FTX exchange implosion</a> in 2022.&nbsp;
Bybit started shoring up its reserves and announced Sunday that it has <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43905078/bybit-nears-recovery-after-crypto-heist-freezes-42-89-million-in-stolen-funds-secures-1-23-billion-in-eth-through-whales-and-loans">&#8220;fully closed&#8221; the ETH gap</a> through loans, whale deposits, and ETH purchases, returning to a 1:1 backing of its client assets.
Bybit has launched a recovery bounty program, offering up to 10% of the recovered funds as a reward to cybersecurity experts who assist in retrieving the stolen assets.&nbsp;
Price Action: At the time of writing, Ethereum was exchanging hands at $2,720.97, down 3.60% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/personal-finance/financial-advisors/25/02/43903229/advisors-remain-divided-on-crypto-but-sec-approvals-demand-are-shifting-views">Advisors Remain Divided On Crypto, But SEC Approvals, Demand Are Shifting Views</a></li>
</ul>
Image via Shutterstock

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

Cryptocurrency

$ETH

Would You Believe It? Bybit Hacker Now Holds More ETH Than Vitalik Buterin And The Ethereum Foundation

A new study from UC Riverside and Caltech has found that pollution from Big Tech's data centers has cost the U.S. public health system an estimated $5.4 billion over the past five years. Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) are among the biggest contributors.
What Happened: Data centers, which power artificial intelligence models and cloud computing, consume <a href="https://www.benzinga.com/partner/commodities/24/05/38814247/ai-data-center-power-requirements-increasing-demand-for-critical-materials-like-copper-and-ur">vast amounts of electricity</a>, much of it sourced from fossil fuels.
Air pollution linked to these energy demands has been tied to increased cases of cancer, asthma, and other illnesses, researchers found, <a href="https://www.ft.com/content/d595d5f6-79d1-47eb-b690-8597f09b39e7">reported</a> the Financial Times, citing the study.
In 2023 alone, public health costs from data center-related pollution were estimated at $1.5 billion, up 20% from the previous year.
Over the five years from 2019 to 2023, Google was responsible for the highest estimated health costs at $2.6 billion, followed by Microsoft at $1.6 billion and Meta at $1.2 billion.
Read Next:&nbsp;<a href="https://www.benzinga.com/tech/25/01/43221770/apples-ipad-turns-15-today-heres-a-throwback-to-when-steve-jobs-explained-called-it-the-third-category-after-phones-and-notebooks" target="_blank" rel="noreferrer noopener">Apple&#8217;s iPad Turns 15 Today: Here&#8217;s A Throwback To When Steve Jobs Explained Called It The ‘Third Category&#8217; After Phones And Notebooks</a>
In response to the report, Google, Microsoft, and Meta pushed back on the findings, arguing that the research overestimated their pollution levels.&nbsp;
Google told the publication that the estimates "promote an inaccurate emissions estimate generated under false pretenses." Microsoft pointed to its sustainability efforts, while Meta reiterated its commitment to "net zero greenhouse gas emissions."
Google, Microsoft, and Meta did not immediately&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The rapid expansion of AI infrastructure, fueled by Big Tech's multi-billion-dollar investments, is expected to further increase data center pollution, the report noted.
U.S. data centers accounted for 4% of the nation's electricity consumption in 2023, a figure that could rise to 12% by 2028, according to a Department of Energy-backed Berkeley Lab report.
"Unlike carbon emissions, the health impacts caused by a data center in one region cannot be offset by cleaner air elsewhere," said Shaolei Ren, associate professor at UC Riverside, underscoring the local impact of air pollution.
Ren suggested that tech companies could reduce the rising public health risk by building data centers in less populated areas. This would help minimize their impact.
Microsoft, Alphabet, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Meta <a href="https://in.benzinga.com/trading-ideas/long-ideas/25/02/43564458/big-techs-2025-ai-bill-is-320-billion-and-counting-can-investors-stomach-it">expect to spend over $320 billion</a> on AI this year, up from $151 billion in 2023 and $246 billion in 2024. Last month, OpenAI and SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) also announced &#8220;Stargate,&#8221; a $500 billion AI infrastructure project in the U.S.
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:
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<li><a href="https://www.benzinga.com/tech/25/02/43772135/ex-openai-chief-scientist-ilya-sutskevers-ai-startup-valued-at-30-billion-in-latest-funding-round-report" target="_blank" rel="noreferrer noopener">Ex-OpenAI Chief Scientist Ilya Sutskever&#8217;s AI Startup Valued At $30 Billion In Latest Funding Round: Report</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

AMZN

GOOG

MSFT

SFTBF

SFTBY

Google, Microsoft, And Meta Linked To $5.4 Billion In Health Costs As AI Data Centers Fuel Pollution Crisis In The US: Report

Alibaba Group Holding Ltd.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) has announced an investment of 380 billion yuan&nbsp;(nearly $53 billion) for its cloud computing and AI infrastructure, making it the largest private computing project to date.
What Happened: on Monday, Alibaba announced its plans to invest an amount that surpasses its total AI infrastructure spending over the past decade, <a href="https://www.scmp.com/tech/big-tech/article/3299858/alibaba-commits-us53-billion-ai-infrastructure-largest-private-computing-project?module=top_story&amp;pgtype=homepage">reported</a> South China Morning Post. This investment is on par with half of the initial $100 billion earmarked for the Stargate AI plan by the U.S. Alibaba stated that this commitment underscores its &#8220;focus on AI-driven growth and its role as a leading global cloud provider&#8221;.
CEO&nbsp;Eddie Wu Yongming, in the conference call last week, revealed that the intends to make significant investments in AI and cloud computing infrastructure over the next three years. However, he did not mention the amount of investment during the call.
SEE ALSO: <a href="https://www.benzinga.com/25/02/43905699/credit-spreads-flash-2007-warning-100-days-below-3-signals-potential-volatility-spike-economist-warns-of-investor-complacency">Economist Warns Junk Bond Spreads Are Flashing 2007 Crisis Warning Signs: &#8216;…Just Waiting To Catch Fire&#8217;</a>
Why It Matters: Alibaba&#8217;s latest earnings report revealed higher-than-anticipated profit and revenue for the December quarter, fueling investor enthusiasm. The Chinese tech giant&#8217;s AI endeavors garnered worldwide attention following reports that Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) had selected Alibaba as <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43655603/apple-finds-its-ai-wingman-in-alibaba-can-it-power-an-iphone-comeback-in-china">one of its AI partners </a>in mainland China for the Apple Intelligence feature on iPhones. Alibaba also stated that its upgraded Qwen 2.5 Max edition was a strong alternative for DeepSeek&#8216;s R1 model.
In a research note on Monday, Morgan Stanley stated that Alibaba "appears poised to capture the AI cloud opportunity" with its latest investment strategy. The analyst also expects Alibaba Cloud revenue to double in the next three years, to reach 240 billion yuan (nearly $33.10 billion) in 2028.
Meanwhile, equity strategists at UBS said on Thursday that they have replaced PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) with Alibaba in a model portfolio due to its exposure to AI and quantitative factors.
Besides Alibaba, other Chinese companies have also been investing in AI in a big way. ByteDance, the Chinese parent company of TikTok, allocated over 150 billion yuan ($20.69 billion) in capital expenditure for this year, with a significant portion expected to focus on AI, according to a previous Reuters report. 
The ADR of Alibaba Group surged more than 87% over the past year. 
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<li>READ MORE: <a href="https://www.benzinga.com/markets/equities/25/02/43905675/tesla-will-press-charges-against-vandalism-at-superchargers-as-brand-backlash-grows-over-elon-musks-political-ties">Elon Musk-Led Tesla&#8217;s Supercharger Vandalized With Nazi Symbols, EV Giant Says It &#8216;Will Press Charges&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BABA

BIDU

Citigourp Global Markets 2% Protected Notes Linked To The Djia

Alibaba To Invest A Massive $53 Billion In AI Infrastructure, Taking On Trump's Stargate AI Plan

Billionaire investor Steve Cohen, chairman and CEO of Point72 Asset Management, has turned bearish on U.S. markets for the first time in recent memory, citing concerns over trade policies, immigration restrictions, and federal spending cuts that could trigger a significant market correction.
What Happened: Speaking at the FII Priority Summit in Miami Beach <a href="https://youtu.be/7-ttACozP8s?feature=shared">on</a> Friday, Cohen warned that President Donald Trump&#8216;s aggressive tariff policies could fuel inflationary pressures and dampen consumer spending.
&#8220;Tariffs cannot be positive, okay? I mean, it&#8217;s a tax,&#8221; Cohen emphasized, adding that reduced immigration could constrain labor force growth compared to the past five years.
His comments come as markets show increasing signs of vulnerability. The S&amp;P 500 tracked by SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) recorded their steepest single-day losses since December, falling 1.7% and 2.1% respectively on Friday. 
Goldman Sachs strategist Scott Rubner has <a href="https://www.benzinga.com/markets/equities/25/02/43900064/top-analyst-warns-of-looming-stock-market-correction-as-sp-500-records-biggest-single-day-loss-since-december-we-could-see-it-trigger-a-larger-sell-off">identified additional risk factors</a>, including $2.7 trillion in expiring U.S. stock market derivatives.
See Also: <a href="https://www.benzinga.com/25/02/43904932/warren-buffett-favors-5-treasury-bills-over-buybacks-as-berkshire-hathaways-cash-pile-surges-the-rate-of-change-thats-most-telling-says-lawrence-mcdonald">Warren Buffett Favors 5% Treasury Bills Over Buybacks As Berkshire Hathaway&#8217;s Cash Pile Balloons To $334 Billion: &#8216;The Rate Of Change… That&#8217;s Most Telling,&#8217; Says Expert</a>
Why It Matters: Cohen specifically criticized the Department of Government Efficiency&#8217;s cost-cutting initiatives, spearheaded by Elon Musk, which aims to reduce federal spending by $2 trillion. &#8220;When that money has been coursing through the economy over many years, and now, potentially it will be reduced or stopped in many ways, has got to be negative for the economy,&#8221; Cohen said.
The hedge fund veteran projects U.S. economic growth will slow to 1.5% from 2.5% in the second half of the year. While he anticipates a &#8220;significant correction,&#8221; Cohen maintained that it &#8220;wouldn&#8217;t be a disaster.&#8221;
His outlook aligns with broader Wall Street concerns. Bank of America strategists recently warned of a potential 40% S&amp;P 500 plunge, drawing parallels to the dot-com bubble and citing dangerous market <a href="https://www.benzinga.com/markets/25/02/43759496/bank-of-america-foresees-possible-40-sp-500-plunge-due-to-growth-stock-bubble">concentration in top stocks</a>.
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</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.

Equities

Economics

Billionaire Investor Steve Cohen Warns Of 'Significant Correction' As Trump Tariffs, Immigration Crackdown, And Spending Cuts Shake Market Confidence: 'It's A Tax'

<h3>Companies Reporting Before The Bell</h3>
• Kosmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) is expected to report quarterly earnings at $0.00 per share on revenue of $416.02 million. 
• Lincoln Educational Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LINC#NASDAQ">LINC</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $110.85 million. 
• Summit Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) is projected to report earnings for its fourth quarter. 
• Clear Channel Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCO#NYSE">CCO</a>) is estimated to report quarterly earnings at $0.03 per share on revenue of $645.84 million. 
• BioCryst Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCRX#NASDAQ">BCRX</a>) is expected to report quarterly loss at $0.06 per share on revenue of $127.72 million. 
• Domino's Pizza (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NASDAQ">DPZ</a>) is expected to report quarterly earnings at $4.95 per share on revenue of $1.48 billion. 
• Gran Tierra Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GTE#AMEX">GTE</a>) is projected to report earnings for its fourth quarter. 
• Westlake Chemical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLKP#NYSE">WLKP</a>) is likely to report quarterly earnings at $0.37 per share on revenue of $1.08 billion. 
• Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) is estimated to report quarterly earnings at $1.18 per share on revenue of $2.96 billion. 
• Owens-Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) is likely to report quarterly earnings at $2.90 per share on revenue of $2.77 billion. 
• Fresh Del Monte Produce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDP#NYSE">FDP</a>) is expected to report quarterly earnings at $0.37 per share on revenue of $1.03 billion. 
• Kaspi.kz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSPI#NASDAQ">KSPI</a>) is estimated to report quarterly earnings at $3.35 per share on revenue of $1.52 billion. 
• Freightos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRGO#NASDAQ">CRGO</a>) is estimated to report quarterly loss at $0.09 per share on revenue of $6.46 million. 
• Azul (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZUL#NYSE">AZUL</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $1.01 billion. 
<h3>Companies Reporting After The Bell</h3>
• DMC Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOOM#NASDAQ">BOOM</a>) is likely to report quarterly loss at $0.29 per share on revenue of $140.50 million. 
• Ultra Clean Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) is estimated to report quarterly earnings at $0.44 per share on revenue of $559.19 million. 
• Clean Energy Fuels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLNE#NASDAQ">CLNE</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $99.87 million. 
• Goosehead Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $78.20 million. 
• Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $159.89 million. 
• Atlas Energy Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AESI#NYSE">AESI</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $281.61 million. 
• Hims &amp; Hers Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $469.68 million. 
• Beyond (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYON#NYSE">BYON</a>) is likely to report quarterly loss at $0.75 per share on revenue of $331.06 million. 
• Coterra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRA#NYSE">CTRA</a>) is projected to report quarterly earnings at $0.42 per share on revenue of $1.39 billion. 
• Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) is estimated to report quarterly earnings at $0.40 per share on revenue of $91.03 million. 
• Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) is likely to report quarterly loss at $0.27 per share on revenue of $130.25 million. 
• BWX Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWXT#NYSE">BWXT</a>) is likely to report quarterly earnings at $0.81 per share on revenue of $720.47 million. 
• SBA Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) is projected to report quarterly earnings at $2.22 per share on revenue of $684.39 million. 
• ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) is estimated to report quarterly earnings at $1.55 per share on revenue of $6.77 billion. 
• Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) is projected to report quarterly earnings at $0.18 per share on revenue of $142.03 million. 
• Artivion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AORT#NYSE">AORT</a>) is projected to report quarterly earnings at $0.04 per share on revenue of $101.15 million. 
• EverQuote (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $133.83 million. 
• Cannae Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNNE#NYSE">CNNE</a>) is projected to report quarterly loss at $0.29 per share on revenue of $105.90 million. 
• Veracyte (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCYT#NASDAQ">VCYT</a>) is estimated to report quarterly earnings at $0.26 per share on revenue of $116.68 million. 
• Primoris Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRIM#NYSE">PRIM</a>) is estimated to report quarterly earnings at $0.76 per share on revenue of $1.59 billion. 
• Realty Income (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/O#NYSE">O</a>) is estimated to report quarterly earnings at $1.06 per share on revenue of $1.35 billion. 
• Trip.com Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) is likely to report quarterly earnings at $0.54 per share on revenue of $1.69 billion. 
• HealthStream (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSTM#NASDAQ">HSTM</a>) is expected to report quarterly earnings at $0.14 per share on revenue of $73.55 million. 
• Myriad Genetics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYGN#NASDAQ">MYGN</a>) is estimated to report quarterly earnings at $0.03 per share on revenue of $213.34 million. 
• Archrock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AROC#NYSE">AROC</a>) is likely to report quarterly earnings at $0.29 per share on revenue of $326.77 million. 
• Topgolf Callaway Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MODG#NYSE">MODG</a>) is likely to report quarterly loss at $0.19 per share on revenue of $885.10 million. 
• Haverty Furniture Cos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HVT#NYSE">HVT</a>) is likely to report quarterly earnings at $0.22 per share on revenue of $182.09 million. 
• JBT Marel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBTM#NYSE">JBTM</a>) is estimated to report quarterly earnings at $1.85 per share on revenue of $488.74 million. 
• ProAssurance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRA#NYSE">PRA</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $274.56 million. 
• Inspirato (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPO#NASDAQ">ISPO</a>) is estimated to report quarterly loss at $1.09 per share on revenue of $58.34 million. 
• Quaker Houghton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWR#NYSE">KWR</a>) is projected to report quarterly earnings at $1.61 per share on revenue of $441.87 million. 
• Apartment Inv &amp; Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIV#NYSE">AIV</a>) is estimated to report quarterly loss at $0.12 per share on revenue of $53.10 million. 
• Navitas Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) is projected to report quarterly loss at $0.06 per share on revenue of $19.03 million. 
• Tempus AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) is projected to report quarterly loss at $0.15 per share on revenue of $200.55 million. 
• Addus HomeCare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADUS#NASDAQ">ADUS</a>) is expected to report quarterly earnings at $1.35 per share on revenue of $278.36 million. 
• Helios Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLIO#NYSE">HLIO</a>) is estimated to report quarterly earnings at $0.36 per share on revenue of $175.99 million. 
• Ziff Davis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZD#NASDAQ">ZD</a>) is likely to report quarterly earnings at $2.63 per share on revenue of $424.40 million. 
• Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) is estimated to report earnings for its fourth quarter. 
• Black Stone Minerals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSM#NYSE">BSM</a>) is expected to report quarterly earnings at $0.33 per share on revenue of $114.99 million. 
• LTC Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTC#NYSE">LTC</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $42.81 million. 
• Zoom Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) is projected to report quarterly earnings at $1.35 per share on revenue of $1.19 billion. 
• Douglas Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLOW#NYSE">PLOW</a>) is likely to report quarterly earnings at $0.31 per share on revenue of $155.23 million. 
• MediaAlpha (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAX#NYSE">MAX</a>) is expected to report quarterly earnings at $0.39 per share on revenue of $289.38 million. 
• SI-BONE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIBN#NASDAQ">SIBN</a>) is projected to report quarterly loss at $0.14 per share on revenue of $46.89 million. 
• Bridge Investment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRDG#NYSE">BRDG</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $83.69 million. 
• Tortoise Capital Series Trust Tortoise Power and Energy Infrastructure Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPZ#NYSE">TPZ</a>) is expected to report earnings for its fourth quarter. 
• Offerpad Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPAD#NYSE">OPAD</a>) is likely to report quarterly loss at $0.48 per share on revenue of $174.58 million. 
• Helix Energy Solns Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLX#NYSE">HLX</a>) is likely to report quarterly earnings at $0.09 per share on revenue of $311.66 million. 
• Public Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSA#NYSE">PSA</a>) is projected to report quarterly earnings at $4.22 per share on revenue of $1.18 billion. 
• Clearway Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWEN#NYSE">CWEN</a>) is expected to report earnings for its fourth quarter. 
• V2X (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVX#NYSE">VVX</a>) is projected to report quarterly earnings at $1.15 per share on revenue of $1.10 billion. 
• Veris Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRE#NYSE">VRE</a>) is expected to report quarterly earnings at $0.12 per share on revenue of $66.81 million. 
• GFL Environmental (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFL#NYSE">GFL</a>) is projected to report quarterly earnings at $0.23 per share on revenue of $1.98 billion. 
• Summit Hotel Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INN#NYSE">INN</a>) is projected to report quarterly earnings at $0.19 per share on revenue of $171.47 million. 
• Civitas Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIVI#NYSE">CIVI</a>) is estimated to report quarterly earnings at $1.88 per share on revenue of $1.29 billion. 
• Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) is expected to report quarterly loss at $0.44 per share on revenue of $4.54 billion. 
• Netstreit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTST#NYSE">NTST</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $43.47 million. 
• KBR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBR#NYSE">KBR</a>) is estimated to report quarterly earnings at $0.82 per share on revenue of $2.00 billion. 
• Viper Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNOM#NASDAQ">VNOM</a>) is projected to report quarterly earnings at $0.42 per share on revenue of $220.06 million. 
• Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) is likely to report quarterly earnings at $3.58 per share on revenue of $3.51 billion. 
• Apple Hospitality REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APLE#NYSE">APLE</a>) is likely to report quarterly earnings at $0.31 per share on revenue of $324.82 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

ADUS

AESI

AORT

APLE

AROC

AZUL

BCRX

BOOM

BRDG

BWXT

BYON

CHGG

CIVI

CLNE

CNNE

CRGO

CTRA

CWEN

EVER

FANG

FARO

GSHD

Hims & Hers Health, Inc. Class A Common Stock

HIMS

HLIO

HSTM

ISPO

JBTM

KSPI

LINC

MODG

MYGN

NTST

NVTS

OPAD

PLOW

PRIM

RIOT

SBAC

SIBN

SMMT

TCOM

TREX

UCTT

VCYT

VNOM

WLKP

Earnings Scheduled For February 24, 2025

Tesla Inc. CEO Elon Musk&#8216;s Starlink faces mounting competition in the satellite internet sector as China&#8217;s state-backed SpaceSail and Amazon.com Inc. founder Jeff Bezos&#8216; Project Kuiper advance their expansion plans.
What Happened: SpaceSail, a Shanghai-based company, has begun establishing its presence in international markets, signing an agreement to enter Brazil and launching operations in Kazakhstan, Reuters reported. 
The company aims to deploy 648 low-Earth orbit (LEO) satellites in 2025 and plans to expand to 15,000 by 2030, challenging Starlink&#8217;s current constellation of approximately 7,000 satellites.
 The competition intensifies as Brazil engages in talks with Project Kuiper and Canada&#8217;s Telesat, according to the report, which cited a Brazilian official source. This diversification reflects growing market demand for high-speed internet in remote areas and during natural disasters.
See Also: <a href="https://www.benzinga.com/markets/equities/25/02/43905413/trump-economy-as-egg-prices-soar-economist-mocks-shift-to-chickpeas">Trump Promised To Bring Food, Egg Prices Under Control Starting Day One, But They Are Still High: Expert Mocks Alternatives Being Suggested</a>
Why It Matters: Starlink&#8217;s effectiveness was recently demonstrated <a href="https://www.benzinga.com/general/space/25/02/43807232/trump-praises-elon-musks-starlink-rollout-says-spacex-rocket-recovery-is-like-you-grab-a-beautiful-little-babyclaims-us-russia-china-cant-compete">during Hurricane Helene in North Carolina</a>, where its emergency deployment provided crucial communication services. The Federal Communications Commission granted SpaceX and T-Mobile emergency approval to implement direct-to-cell technology in affected areas.
The satellite internet race has spurred significant technological advancement, with China publishing 2,449 LEO satellite-related patents in 2023, up from 162 in 2019. Antoine Grenier, global head of space at Analysys Mason, describes the current environment as a &#8220;wild west&#8221; where pioneers are positioning themselves before regulations tighten.
Read Next: 
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<li><a href="https://www.benzinga.com/25/02/43905699/credit-spreads-flash-2007-warning-100-days-below-3-signals-potential-volatility-spike-economist-warns-of-investor-complacency">Economist Warns Junk Bond Spreads Are Flashing 2007 Crisis Warning Signs: &#8216;…Just Waiting To Catch Fire&#8217;</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

SPACE

Elon Musk's Starlink Braces For Global Satellite War As China's SpaceSail And Jeff Bezos' Kuiper Expand

<ul>
<li>TAKHZYRO Solution for Injection in 2 mL Pre-Filled Pen is Now Approved to Facilitate Subcutaneous Administration in Adolescent (Aged 12 Years and Above) and Adult Patients with HAE.1</li>
<li>The Pre-Filled Pen Option is Designed to Allow for An Individualized Treatment Approach for Adolescent and Adult HAE Patients.</li>
<li>In the EU, TAKHZYRO is Approved for Routine Prevention of Recurrent HAE Attacks in Patients Aged 2 Years and Older.1</li>
</ul>

EMA Approves Takeda'sTAKHZYRO Pre-Filled Pen, Offering New Injection Option For HAE Patients Aged 12 And Older

After stellar <a href="https://www.benzinga.com/25/02/43900955/berkshire-hathaways-q4-profits-soar-71-warren-buffett-says-his-firm-has-paid-more-taxes-than-tech-titans-in-trillions">fourth-quarter</a> earnings, Warren Buffett, in his letter to shareholders revealed that Berkshire Hathaway Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) performance exceeded his expectations. However, another important takeaway from his letter was Berkshire&#8217;s increasing investments in Japan.
What Happened: Terming it as a &#8220;small but important exception&#8221; to Berkshire&#8217;s U.S.-based focus, Buffett highlighted the company&#8217;s growing investment in Japan.
Operationally similar to Berkshire, these Japanese companies own interests in a vast array of businesses, many based in Japan but others that operate throughout the world.
Buffett shared in his letter that Berkshire began purchasing shares in these five companies for almost six years, with the first one made in July 2019.
These companies include ITOCHU, Marubeni, Mitsubishi, Mitsui, and Sumitomo.
&#8220;We simply looked at their financial records and were amazed at the low prices of their stocks. As the years have passed, our admiration for these companies has consistently grown,&#8221; said Buffett.
These five companies demonstrate shareholder-friendly practices, according to Buffett. They increase dividends when appropriate, repurchase shares when advantageous, and maintain executive compensation programs that are significantly less excessive than those of their U.S. counterparts.
See Also: <a href="https://www.benzinga.com/markets/equities/25/02/43878703/institutional-investors-load-up-on-technology-and-financial-stocks-in-q4-while-reducing-positions-in-healthcare-sector-amid-political-uncertainty">Institutional Investors Load Up On Technology And Financial Stocks In Q4 While Reducing Positions In Healthcare Sector Amid Political Uncertainty</a>
Why It Matters: Stating that &#8220;it won't be long before Greg Abel replaces me as CEO and will be writing the annual letter,&#8221; Buffett added that both of them like these Japanese companies&#8217; capital deployment strategy, management, and attitude for their investors.
Additionally, Buffett said that he was committed to long-term investments in these companies, supporting their boards and keeping holdings below 10% of each company&#8217;s shares. However, with Berkshire approaching this limit, the five companies have agreed to relax the ceiling, allowing Berkshire to further increase its ownership.
Berkshire <a href="https://www.benzinga.com/25/02/43900955/berkshire-hathaways-q4-profits-soar-71-warren-buffett-says-his-firm-has-paid-more-taxes-than-tech-titans-in-trillions">reported</a> a 71% increase in operating earnings to $14.5 billion for the fourth quarter. Whereas, its cash reserves increased to a record $334.2 billion at the end of 2024, marking the 10th consecutive quarter of growth.
Price Action: Berkshire&#8217;s class B shares fell 0.64% on Friday, logging in a growth of 6.13% in 2025 and 17.01% over last year.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Friday. SPY declined 1.71% to $599.94, and QQQ plunged 2.07% to $526.12, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/02/43876325/quantum-computing-top-holders-in-q4-blackrock-vanguard-ubs-state-street-pour-money-in-rigetti-d-wave-ionq-qubt" target="_blank" rel="noreferrer noopener">Top Holders Of Quantum Computing Stocks In Q4: BlackRock, Vanguard, UBS, State Street Pour Money In Rigetti, D-Wave, IonQ, QUBT</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

Warren Buffett's Berkshire Boosts Bets On 5 Japanese Companies: Oracle Of Omaha Says Admiration 'Has Consistently Grown'

SVRE

Reported Friday, SaverOne Adjusts ADS Ratio To Meet Nasdaq's $1 Minimum Bid Price

On February 18, 2025, the Company received a notification letter (the "Letter") from the Nasdaq Listing Qualifications Staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that because it remains out of compliance with Listing Rule 5550(b)(1), which requires that the Company maintain stockholders' equity of at least $2,500,000 for continued listing, Nasdaq has scheduled the Company's securities for delisting from Nasdaq.

YOSH

Reported Friday, Yoshiharu To Appeal Nasdaq Decision, Aiming To Reverse Delisting Over Equity Issues

EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has started hiring for the start of production of its Cybercab vehicle aimed at autonomous driving, according to job listings on its website.
What Happened: The Tesla website shows 6 job listings in the manufacturing category for the Cybercab. The company is looking to hire maintenance technicians, a tool and die specialist, a launch equipment engineer, and a process engineer. All the jobs are based out of Austin, Texas.
Tesla unveiled a<a href="https://www.benzinga.com/news/24/10/41284847/tesla-reveals-two-seater-cybercab-that-drives-itself" target="_blank" rel="noreferrer noopener">&nbsp;Cybercab with no steering wheels or pedals</a>&nbsp;in October at an event in Los Angeles. The two-seat vehicle is meant for autonomous driving alone and is slated to start production in 2026 and join the company's <a href="https://www.benzinga.com/25/02/43620349/tesla-still-on-track-to-launch-autonomous-ride-hailing-in-austin-by-june-says-elon-musk">robotaxi fleet</a>, which, until then, will be composed of the company's Model 3 and Y vehicles.
Why It Matters: The Cybercab is an integral part of Tesla CEO Elon Musk&#8217;s push towards autonomous driving. The CEO is optimistic that the company&#8217;s full self-driving (FSD) driver assistance technology will enable autonomous driving in time. The software is currently in the development phase and requires active driver supervision.
Musk in October said that the Cybercab will not include a charging plug – it will instead use inductive charging. The vehicle, he then said, will be priced under $30,000. 
Tesla in January also said that preparations are underway across its existing factories for the launch of new products including more affordable models. The start of production of new models is slated for the first half of 2025. 
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>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/02/43905539/elon-musk-led-spacex-to-undertake-starships-8th-test-flight-on-friday">Elon Musk&#8217;s SpaceX To Undertake Starship&#8217;s 8th Test Flight On Friday</a></li>
</ul>
Photo courtesy: Tesla

TSLA

Tesla Begins Hiring For Cybercab Manufacturing As Elon Musk-Led EV Giant Prepares For Robotaxi Rollout

Reported Friday, Boston Scientific Prices €1.5B In Senior Notes, Consisting Of €850M 3.000% Due 2031 And €650M 3.250% Due 2034

<ul>
<li>New detailed data from the RELIEVE UCCD study support overall efficacy and safety of duvakitug in all pre-specified subgroups across the different doses</li>
<li>New endpoints presented include findings on clinical and endoscopic outcomes and histological- endoscopic mucosal improvement</li>
<li>Findings to form the basis for a Phase 3 program, anticipated to start in H2 2025</li>
</ul>

Small Business

TEVA

Reported Saturday, Teva and Sanofi Presented Phase 2b Data At ECCO 2025, Highlighting Duvakitug's Promise For Ulcerative Colitis And Crohn's Disease

SPHR

Reported Sunday, Optimum, MSG Networks Finalize Deal For MSG's Return On Optimum Platforms

As part of the transaction, KKR will acquire up to 54% of equity in HCG from CVC Asia V at a purchase price of INR 445 per share. Pursuant to the Securities and Exchange Board of India's ("SEBI") Takeover Regulations, an open offer will be conducted by KKR to purchase additional equity shares in HCG from public shareholders. Upon completion of the transaction, KKR is expected to hold an equity stake of between 54-77%.

Reported Sunday, KKR Invests $400M To Buy Majority Stake In Indian Cancer Care Provider HCG

New single cell and spatial innovations extend 10x Genomics' technology and performance leadership across all three platforms

Reported Sunday, 10x Genomics Unveils New Roadmap At AGBT, Boosting Tools For Mega-Scale Single Cell And Spatial Analysis

Findings support the development of a novel peptide vaccine targeting the immunosuppressive effects of Transforming Growth Beta (TGF-β) in solid tumors

IOBT

Reported Sunday, IO Biotech Unveils Preclinical Results For A Vaccine That Targets TGF-β in Tumors

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