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Bill Gates, the co-founder of Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), has recommended a new book that explores the intersection of artificial intelligence and education.
What Happened: Gates recently took to social media to endorse &#8220;Brave New Words: How AI Will Revolutionize Education (And Why That&#8217;s a Good Thing)&#8221; by Sal Khan, the CEO of the education nonprofit Khan Academy. 
The book delves into the potential of AI to transform the education sector, offering a vision of how AI can be used to enhance learning opportunities for all students.
"If you're passionate about education, you need to read this book," Gates wrote on social media platform X. "Sal offers a compelling vision for harnessing AI to expand opportunity for all."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If you&#39;re passionate about education, you need to read this book. Sal offers a compelling vision for harnessing AI to expand opportunity for all. <a href="https://t.co/5QwCp1ar0G">https://t.co/5QwCp1ar0G</a>
&mdash; Bill Gates (@BillGates) <a href="https://twitter.com/BillGates/status/1790451224686342500?ref_src=twsrc%5Etfw">May 14, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/05/38907748/days-after-facing-lawsuit-for-drug-use-musk-says-he-would-take-cocaine-if-it-boosted-long-term-produ?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Days After Facing Lawsuit For Drug Use, Musk Says He Would Take Cocaine If It Boosted &#8216;Long-Term Productivity</a>&#8216;
Why It Matters: Gates&#8217; endorsement of Khan&#8217;s book underscores the growing role of AI in education. This development aligns with the broader trend of AI&#8217;s increasing influence across various sectors, including education, as highlighted in a recent book by Mustafa Suleyman, the co-founder of Google&#8216;s DeepMind AI lab. Suleyman, who recently joined Microsoft, described his experience at Microsoft as &#8220;<a href="https://www.benzinga.com/news/24/05/38664730/googles-deepmind-co-founder-mustafa-suleyman-shares-his-exciting-first-month-at-microsoft-truly-tran">truly transformational</a>,&#8221; emphasizing the company&#8217;s strong AI culture.
However, the recent <a href="https://www.benzinga.com/news/24/05/38906742/amid-mass-exodus-from-openais-ai-safety-team-insider-says-trust-collapsing-bit-by-bit-in-ceo-sam-alt">mass exodus</a> from OpenAI&#8217;s AI safety team due to a loss of faith in the company&#8217;s leadership raises concerns about the ethical implications of AI&#8217;s rapid advancement. This issue was also highlighted by OpenAI CEO Sam Altman, who described the current AI capabilities as &#8220;<a href="https://www.benzinga.com/news/24/05/38633003/openai-ceo-sam-altman-shares-what-killer-app-for-ai-would-look-like-says-chatgpt-is-incredibly-dumb">incredibly dumb</a>&#8221; compared to what&#8217;s coming next.
Read Next: <a href="https://www.benzinga.com/news/24/05/38909886/bidens-campaign-shuts-down-trumps-challenge-for-additional-debates-the-debate-about-debates-is-over?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden&#8217;s Campaign Shuts Down Trump&#8217;s Challenge For Additional Debates: &#8216;The Debate About Debates Is Over, No More Games&#8217;</a>
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Bill Gates Recommends A New Book On AI And Education: 'You Need To Read This'

Tesla, Inc&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/38016222/its-like-magic-says-elon-musk-as-teslas-supervised-fsd-opens-to-rave-reviews-on-one-month-free-t" rel="noreferrer noopener">Full Self-Driving technology</a>, which the electric vehicle maker promotes as FSD (Supervised), has gained a raving fan from across the Atlantic. Following a ride in a Tesla vehicle equipped with the technology in Los Angeles, former U.K. Prime Minister Boris Johnson was visibly impressed.
What Happened:&nbsp;Johnson had a first-hand experience with Tesla&#8217;s FSD on Friday when he drove around LA streets in a self-driving car, along with his wife and 10-month-old baby, the former head of the U.K. government&nbsp;<a target="_blank" href="https://www.dailymail.co.uk/debate/article-13430805/BORIS-JOHNSON-Tesla-ride-wife-baby-hair-raising-roads-Los-Angeles-convinced-driverless-cars-future.html" rel="noreferrer noopener">said</a>&nbsp;in his Daily Mail column. He acknowledged that this was something unheard of or incredulous some 10 years back.
&#8220;We are about to be conveyed in a new type of car, so preposterous, so audacious, so revolutionary that ten years ago I would have refused to believe that it was possible. Maybe on some test track; maybe in lab conditions – but I never expected to see it in the heavy traffic of a major urban&nbsp;centre,&#8221; he said.
Johnson noted that the car had dozens of tiny cameras, concealed in the car&#8217;s sleek white bodywork and a neural system, which he called an &#8220;electronic brain.&#8221;
Quite astonished at the &#8220;phantom&#8221; driving, Johnson said, &#8220;I am sitting at the wheel, but not touching it, and though my feet are near the pedals, I am not using them – and oh my word, the steering wheel is twiddling itself.&#8221;
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/money/best-electric-vehicle-stocks" rel="noreferrer noopener">Best EV Stocks</a>
&#8220;Now it's indicating, giving way, floating across the traffic with all the delicacy and tact of a living chauffeur. It's so human, I gasp, so smooth.&#8221;
Johnson also described how the self-driving vehicle navigated through different scenarios on the road. As they approached a &#8220;very tricky&#8221; crossroads, where five roads met, he was&nbsp;apparently&nbsp;worried about the technology malfunctioning. The Tesla representative, who traveled with the ex-prime minister, reassured the passengers.
To Johnson&#8217;s delight, the vehicle turned in the intended direction. &#8220;With impeccable good manners, giving all other vehicles plenty of notice, we turn left, and I become so relaxed that I&nbsp;am able to&nbsp;take in the boldness of Tesla's plan,&#8221; he said.
Johnson also contrasted&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38373389/tesla-ceo-elon-musk-takes-swipe-at-waymo-says-cybertruck-might-be-needed-for-robotaxis-in-san-franci" rel="noreferrer noopener">Tesla with the&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/04/38373389/tesla-ceo-elon-musk-takes-swipe-at-waymo-says-cybertruck-might-be-needed-for-robotaxis-in-san-franci" rel="noreferrer noopener">Waymo</a>&nbsp;driverless vehicles operating on LA streets. While Waymo&#8217;s cars could only navigate a small part of the city as they were programmed for those streets, Tesla&#8217;s, armed with cameras and neural networks, can go anywhere once fully licensed and approved, he said.
A Tesla representative told Johnson that the vehicle was five or six times safer than a human driver.&nbsp;
Johnson recounted an incident where a pedestrian slowly walked in front of the vehicle. &#8220;Instinctively I reach for the wheel; my toe twitches for the brake; but I need not have worried,&#8221; he said. He noted that the car had the man under observation, indicated by a &#8220;tiny human figurine that appeared on the electronic streetscape on the dashboard.&#8221;
Passing the verdict on the driverless car after the 45-minute drive, Johnson said the car passed with flying colors.
New Feature Coming?&nbsp;However, he recounted a moment of mild confusion when they parked in front of the Waldorf Astoria hotel and the car did not respond to the uniformed doorman&#8217;s waving. The Tesla representative explained that the tech doesn&#8217;t yet recognize the gesture and that it would be fixed in the next iteration, which is due to roll out next month.
Boris shared his previous experience with the Tesla brand way back in 2009 with a Lotus-shaped Roadster. &#8220;It conked out on the M40, and I was left with some skepticism about the future of the brand,&#8221; he said.
&#8220;Well, I am not making that mistake again. It seems outlandish now. It seems bonkers. But I have seen enough to know it's going to happen, and that sooner or later there will be a tipping point.&#8221;
Why It Matters:&nbsp;Tesla has a lot riding on&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38351810/tesla-fsd-is-now-nearly-50-cheaper-than-when-elon-musk-called-it-very-low-just-under-a-year-ago" rel="noreferrer noopener">the FSD tech</a>, given its core EV business is facing slowing demand and intense competition. Also, the technology is core to the&nbsp;robotaxi&nbsp;service the company plans to unveil on Aug. 8. To shore up profitability, which has been dented due to repeated price cuts, the company is eyeing the &#8220;razor-razor blade&#8221; strategy — undercutting competition with reduced prices for its EVs and making up for the hit by selling high-margin recurring FSD revenue.
FSD is now available for outright purchase at $8,000, or a $99 monthly subscription. The company is also in negotiations to launch the tech in China.
The FSD graduated from beta testing to FSD (Supervised) in late March, and the company made it available for its users across North America for a free one-month trial.&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/38805961/elon-musks-tesla-faces-fsd-uptake-challenge-as-only-2-of-free-trial-users-subscribe-gary-black-t" rel="noreferrer noopener">The take rate</a>, however, following the end of the free trial was subpar.
Tesla ended Friday&#8217;s session up 1.50% at $177.46, according to&nbsp;<a target="_blank" href="https://benzinga.grsm.io/register174" rel="noreferrer noopener">data from Benzinga Pro</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38910415/make-tesla-great-again-elon-musk-concurs-with-steps-to-transform-ev-maker-into-top-global-compan">Make Tesla Great Again? Elon Musk Concurs With Steps To Transform EV Maker Into Top Global Company</a>
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'Oh My Word:' Tesla FSD Wows Boris Johnson As It Drives His Family Around 'Hair-Raising' LA Roads; Ex-UK Leader Reveals New Feature In Works

Hurray! Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) Pizza Week is finally here, reminding us of the time when this prized digital currency was used for the first time for commercial purposes. But do you know that the Bitcoin spent on two Papa John&#8217;s pizzas that day could purchase you ultra-luxury products owned by billionaires today?&nbsp;
What Happened: An event immortalized in the cryptocurrency realm, Laszlo Hanyecz, a Florida-based programmer, <a href="https://bitcointalk.org/index.php?topic=137.0">disclosed </a>on a Bitcoin Forum on May 22, 2010 that he "successfully traded" 10,000 Bitcoins for pizza.
According to the conversation on the Forum, 1 Bitcoin was worth $0.0041 on the historical day, taking the total purchase amount to $41. Seems a long time ago, isn&#8217;t it?
Why It Matters: Cut to May 2024 and Bitcoin has exploded since its early days. It is the largest digital currency in terms of market cap as of this writing, with 1 Bitcoin worth more than $67,000, 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>.
That takes the total worth of 10,000 Bitcoins to nearly a whopping $670 million.
So, if our dear friend Laszlo had resisted using up his Bitcoin holdings to pay for Pizzas that day, he could have easily purchased Amazon.com Inc. founder Jeff Bezos' <a href="https://www.benzinga.com/general/entertainment/23/05/32618155/jeff-bezos-500m-superyacht-is-so-big-it-has-a-support-boat-with-a-helipad-crane-and-storage">superyacht ‘Koru</a>.' The $500-million sailing boat made waves last year due to its humongous size and high operating costs.&nbsp;
Interestingly, Hanyecz would still have been left with $170 million, more than enough to buy the entire fleet of Tesla Inc. CEO Elon Musk's <a href="https://www.benzinga.com/news/23/12/36275133/elon-musks-high-flying-year-heres-how-many-hours-the-billionaire-spent-flying-in-his-private-jets-th">private planes</a>, which are valued at over $100 million.
These events help in understanding Bitcoin's stupendous growth trajectory over the last decade, making the fortunes of several of its loyal enthusiasts who stuck with the asset through the highs and lows of the market.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38910906/bitcoin-dogecoin-ethereum-retrace-on-profit-taking-by-retail-investors-analyst-predicts-pa">Bitcoin, Dogecoin, Ethereum Retrace On Profit-Taking By Retail Investors: Analyst Predicts Parabolic Rise For King Crypto Following Consolidation Phase</a>

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Bitcoin Pizza Week: Crypto Spent On 2 Yummy Pies 14 Years Ago Could Now Buy Jeff Bezos' Yacht And Elon Musk's Jet Fleet — With Spare Change!

Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) <a href="https://www.benzinga.com/topic/iphone-16">iPhone </a><a href="https://www.benzinga.com/topic/iphone-16">16 Pro Max</a> is expected to feature a battery with increased energy density and a stainless steel housing, according to a new supply chain report.
What Happened: According to Apple analyst Ming-Chi Kuo, the top-tier iPhone 16 Pro Max's battery will have a higher energy density than current models, potentially leading to a longer battery life.
Apple could opt for a smaller battery size while maintaining the same battery life, resulting in weight savings. The report also indicates that Apple plans to replace the aluminum battery housing used in current iPhones with a stainless steel version.
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However, the shift to stainless steel, which is less efficient at dissipating heat and heavier than aluminum, is seen as a surprising move. One possible explanation for this change is Apple&#8217;s desire to comply with the European Union&#8217;s (EU) pressure to make DIY battery replacement easier.
See Also: <a href="https://www.benzinga.com/news/24/05/38906742/amid-mass-exodus-from-openais-ai-safety-team-insider-says-trust-collapsing-bit-by-bit-in-ceo-sam-alt?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amid &#8216;Mass Exodus&#8217; From OpenAI&#8217;s AI Safety Team, Insider Says &#8216;Trust Collapsing Bit By Bit&#8217; In CEO Sam Altman</a>
Despite Kuo&#8217;s change in employment and the increase in speculative reports, this particular report is based on supply-chain information, albeit with some uncertainty.
Why It Matters: The <a href="https://www.benzinga.com/news/24/04/38086575/iphone-16-rumors-roundup-everything-we-know-about-apples-next-flagship">iPhone 16 series</a> is expected to be released in September, featuring larger screens, a revamped design, and improved performance, among other upgrades.
New rumors suggested that the <a href="https://www.benzinga.com/news/24/03/37951355/is-iphone-16-pro-going-retro-new-leak-hints-at-comeback-of-iphone-6s-vibes-from-9-years-ago">iPhone 16 Pro and iPhone 16 Pro Max</a> would come in new color variants, including &#8216;space black&#8217; and &#8216;rose.&#8217; This was seen as a nod to the color options of the iPhone 6s, released nine years ago.
More recently, Kuo predicted that the iPhone 16 Pro models would <a href="https://www.benzinga.com/news/24/05/38911673/apples-iphone-16-pro-models-to-ditch-blue-for-rose-titanium-analyst-ming-chi-kuo-predicts-new-color">introduce a new color option</a>, &#8216;rose titanium,&#8217; replacing the current &#8216;blue&#8217; color option.
Apple is also inching closer to a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38788422/apples-potential-partnership-with-openai-opens-up-revenue-opportunities-says-tech-b">potential partnership with OpenAI</a> sparking optimism about new AI features in its devices.
Price Action: Apple's stock closed 0.02% up on Friday at $189.87, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Check out more of&nbsp;Benzinga&#8217;s&nbsp;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: <a href="https://www.benzinga.com/news/24/05/38873639/elon-musk-reacts-after-doge-designer-says-meta-would-be-trillionaires-by-now-if-they-had-a-dollar-fo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Doge Designer Says Meta &#8216;Would Be Trillionaires By Now&#8217; If They Had A Dollar For Every Child Safety Investigation</a>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.
Photo by Thai Nguyen on Unsplash

AAPL

iPhone 16 Pro Max May Get Battery Boost And Stainless Steel Upgrade, Says Top Apple Analyst

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LONDON,&nbsp;May 20, 2024&nbsp;/PRNewswire/ --&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4169794-1&amp;h=1829251033&amp;u=https%3A%2F%2Fclarivate.com%2F&amp;a=Clarivate+Plc" target="_blank">Clarivate Plc</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLVT#NYSE">CLVT</a>), a leading global provider of transformative intelligence, launched the first publicly available version of Trademark Watch Analyzer today at the 2024 International Trademark Association Annual Meeting. As the next-generation trademark protection solution enhanced by artificial intelligence (AI) and cloud technology, this solution combines Clarivate global trademark and case law data, in-house IP expertise, and cutting-edge AI technology. It will provide faster and more accurate answers to critical business questions by automating key trademark watching tasks and intelligently prioritizing result sets.

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Clarivate Debuts AI-Enhanced Solution To Accelerate Trademark Watching At INTA 2024

A mammoth transfer of more than a billion worth of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), accomplished by paying a fraction in fees, grabbed the market's attention, leading to discussions around the nature of the transfer.
What Happened: In a social media post on X, well-known Bitcoin influencer Vivek highlighted a transaction showing the movement of 16,445.82 units of Bitcoin, worth $1.1 billion at current market prices.&nbsp;
The fascinating bit was that the transfer was performed by paying just around $7.30 as transaction fees.
The sheer size of the transfer left on-chain observers in awe, with Vivek predicting it to be a purchase by a nation-state.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Someone just bought $1.1 Billion worth of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> Another Nation State Buying? &#x1f440; <a href="https://t.co/M4291bL74v">pic.twitter.com/M4291bL74v</a>
&mdash; Vivek&#x26a1;&#xFE0F; (@Vivek4real_) <a href="https://twitter.com/Vivek4real_/status/1792230467669737480?ref_src=twsrc%5Etfw">May 19, 2024</a></blockquote>
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Another popular cryptocurrency analyst, MartyParty, informed that the withdrawal was from cryptocurrency exchange Binance, possibly going to a new buyer, or cold storage as a safety measure.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">$1.1b Bitcoin 16445 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> moved off <a href="https://twitter.com/binance?ref_src=twsrc%5Etfw">@binance</a> Either a new buyer or a move to cold storage. Watching. bc1q9uvsx2l3z3634edgyesjsg3yalkd4xeg3gc6kc<a href="https://t.co/fIdBXMR3vr">https://t.co/fIdBXMR3vr</a> <a href="https://t.co/BcEst9IbIF">pic.twitter.com/BcEst9IbIF</a>
&mdash; MartyParty (@martypartymusic) <a href="https://twitter.com/martypartymusic/status/1792337597387387327?ref_src=twsrc%5Etfw">May 19, 2024</a></blockquote>
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Why It Matters: Typically, such mammoth transfers, when executed using the traditional finance system, cost an order of magnitude higher.&nbsp;
According to a <a href="https://www.coinbase.com/blog/crypto-could-help-save-billions-of-dollars-remittance-fees">report </a>by Coinbase, crypto international money transfers were found to be 96% cheaper than the legacy process of sending money abroad.&nbsp;
Apart from the cost advantages, crypto transfers could also cut settlement time significantly. While it may take anything between 1-10 days before the recipient gets the money through traditional transfers, the average wait time for crypto transfers was just 10 minutes.&nbsp;
Price Action: At the time of writing, Bitcoin was exchanging hands at $67,180.06, an increase of 0.02% 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>.&nbsp;
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38911373/peter-schiff-says-bitcoin-is-dead-long-live-silver-but-is-it-really-true">Peter Schiff Says &#8216;Bitcoin Is Dead, Long Live Silver&#8217; But Is It Really True?</a>

Bitcoin Worth $1B Transferred By Just Paying $7.30 In Fees: Can Traditional Banking Carry Out Such A Feat?

SpaceX CEO Elon Musk met with Sri Lankan President Ranil Wickremesinghe during <a href="https://www.benzinga.com/news/24/05/38890509/looking-forward-spacex-ceo-elon-musk-blasts-off-to-indonesia-in-debut-visit-for-starlink-launch">his visit to Indonesia</a> over the weekend, in what the President termed a &#8220;fruitful discussion.&#8221;
What Happened: Wickremesinghe was on an official visit to Indonesia for the 10th World Water Forum and Musk was there to launch SpaceX&#8217;s Starlink satellite internet services in the country. The two met and had a fruitful discussion, the President said.
&#8220;We had a fruitful discussion on a variety of interesting topics. Starlink's expansion could be particularly transformative for countries like Sri Lanka, providing a lifeline to essential services and information,&#8221; Wickremesinghe wrote. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It was an honor to meet
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1792417065850286338?ref_src=twsrc%5Etfw">May 20, 2024</a></blockquote>
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&#8220;It was an honor to meet,&#8221; Musk responded, while adding that it was a &#8220;good meeting.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Good meeting
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1792103408763322582?ref_src=twsrc%5Etfw">May 19, 2024</a></blockquote>
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Sri Lanka is among the many countries where Starlink is expected to &#8220;come soon,&#8221; as per SpaceX. In Southeast Asia, Starlink services are currently available in Indonesia, Malaysia, and the Philippines. 
Starlink is currently available in 99 countries, territories, or markets around the globe.
Why It Matters: On Sunday, Musk along with Indonesian Health Minister&nbsp;Budi Gunadi Sadikin, introduced the <a href="https://www.benzinga.com/news/24/05/38911195/tesla-ceo-elon-musk-gets-praise-for-launching-starlink-services-in-worlds-largest-archipelagic-natio">Starlink&nbsp;service for the nation's health&nbsp;sector</a>.&nbsp;The service&nbsp;was reportedly launched at three Indonesian&nbsp;health centers,&nbsp;including two in Bali and&nbsp;one on the remote island&nbsp;of Aru in Maluku.
It is the billionaire entrepreneur&#8217;s first in-person visit to the country.
"Bringing connectivity to remote communities radically improves access to education&nbsp;and economic opportunities,&#8221; Musk said about the launch.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/general/entertainment/24/05/38907094/rapper-kid-rock-drives-in-to-live-concert-in-texas-on-custom-cybertruck-resembling-general-">Kid Rock Drives Into Live Concert In Texas On Custom Cybertruck Resembling General Lee</a>
<a href="https://x.com/RW_UNP"></a>Photo by Angga Budhiyanto on Shutterstock

SPACE

SpaceX CEO Elon Musk, Sri Lankan President Explore Starlink Opportunities In 'Fruitful' Indonesia Meeting: 'Could Be Particularly Transformative...'

Business Outlook
NIU expects revenues of the second quarter 2024 to be in the range of RMB 912 million to RMB 995 million, representing a year-over-year increase of 10% to 20%.

Earnings

Guidance

NIU Expects Q2 Revenues Of RMB 912M To RMB 995M, Representing YoY Increase Of 10% To 20%

Niu Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIU#NASDAQ">NIU</a>) reported quarterly losses of $(0.10) per share. This is a 9.09 percent increase over losses of $(0.11) per share from the same period last year. The company reported $69.90 million in sales this quarter. This is a 15.06 percent increase over sales of $60.75 million the same period last year.

Niu Technologies Q1 EPS $(0.10) Up From $(0.11) YoY, Sales $69.90M Up From $60.75M YoY

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is reportedly attempting to address grievances from European leasing companies following repeated retail price cuts and slow service.
What Happened: The automaker has been offering unofficial discounts on new car purchases and working to resolve service and repair complaints, Reuters reported on Monday. This comes after fleet managers and leasing firms reported that Tesla had previously ignored these issues.
Retail price cuts were intended to boost sales amid declining global demand for electric vehicles and rising competition from Chinese EV makers like BYD and Nio. However, these cuts negatively impacted the residual values of Tesla&#8217;s fleet customers in Europe, where fleet purchases make up nearly half of auto sales.
Richard Knubben, director general of Leaseurope, said, &#8220;Tesla is now actively telling our members: We can give you discounts and compensate you.&#8221; 
However, he expressed skepticism about whether these discounts would be sufficient.
Tesla is yet to respond to the queries sent by <a href="http://pro.benzinga.com">Benzinga</a>.
Tim Albertsen, CEO of Ayvens, noted that while Tesla&#8217;s service has improved, the falling resale values have been damaging. Bart Beckers, Deputy CEO of Arval, a unit of BNP Paribas, mentioned that Tesla&#8217;s price cuts were detrimental, leading Arval to consider other EV manufacturers.
Fleet customers are crucial, especially in Europe, where leasing and rental-car company purchases accounted for 44% of Tesla&#8217;s sales last year in the U.K. and 15 EU countries. Tesla&#8217;s first-quarter fleet sales in these regions fell 2.3%, while the market rose 3.5%.
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38910114/elon-musk-counts-amazing-president-joe-biden-among-tesla-naysayers-who-wish-to-see-the-ev-maker-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Counts &#8216;Amazing&#8217; President Joe Biden Among Tesla &#8216;Naysayers&#8217; Who Wish To See The EV Maker Go Ba</a>
Despite these challenges, some fleet customers remain satisfied. Fiona Howarth, CEO of Octopus Electric Vehicles, praised Tesla&#8217;s pioneering role in the EV market. However, Lorna McAtear, fleet manager at National Grid, highlighted ongoing issues with Tesla&#8217;s service and repair costs, noting that the company is considering dropping Tesla from its fleet.
Why It Matters: The issues Tesla is facing with European fleet customers <a href="https://www.benzinga.com/news/24/05/38783121/tesla-cybertrucks-are-filling-up-in-used-car-markets-but-would-you-pay-these-steep-prices">come on the heels of similar challenges</a> in other markets. For instance, the resale market for Tesla&#8217;s Cybertruck has been volatile. Initially, used Cybertrucks were listed at a premium, but the market has since seen a significant downturn. Resale values plummeted, causing <a href="https://www.benzinga.com/news/24/03/37888605/cyberflop-teslas-electric-truck-resale-market-reportedly-crashes-after-early-hype-for-anyone-paying">resellers to struggle</a> to turn a profit.
Price Action: Tesla stock closed at $177.55 on Friday, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/news/24/05/38864517/tesla-ai-manager-who-resigned-doesnt-see-ceo-elon-musks-capacity-eroding-to-retain-talent-amid-layof?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla AI Manager Who Resigned Doesn&#8217;t See CEO Elon Musk&#8217;s &#8216;Capacity Eroding&#8217; To Retain Talent Amid Layoff</a>
Photo via Shutterstock
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 Engineered by Benzinga Neuro, Edited by 
 <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</a> 
 
 
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 The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. 
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General

Tesla Price Cuts Backfiring? European Rental Companies Fume As EV Giant's Used Car Values Plummet, Service Leaves Bad Taste

New Cloud-Scale Interop Lab in Taiwan accelerates time-to-market for PCIe 6.x AI servers optimized with recently launched Aries 6 Smart DSP Retimers
Astera Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced expanded PCIe&reg; 6.x testing capabilities in its&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.asteralabs.com%2Finterop%2F&amp;esheet=54001805&amp;newsitemid=20240519095633&amp;lan=en-US&amp;anchor=Cloud-Scale+Interop+Lab&amp;index=1&amp;md5=62aff7f106fb4ce65ab929ceaab9d4c5">Cloud-Scale Interop Lab</a>&nbsp;to enable seamless interoperability between&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.asteralabs.com%2Fproducts%2Faries%2Fpcie-cxl-smart-dsp-retimers%2F&amp;esheet=54001805&amp;newsitemid=20240519095633&amp;lan=en-US&amp;anchor=Aries+6+PCIe%2FCXL+Smart+DSP+Retimers&amp;index=2&amp;md5=3030fd4db8d723c72fae49ce7254b160">Aries 6 PCIe/CXL Smart DSP Retimers</a>&nbsp;and a broad range of PCIe 6.x hosts and endpoints. This paves the way for AI platform developers to design high-bandwidth, low-latency PCIe 6.x connectivity with confidence, reduce overall development time, and deploy at scale.

ALAB

Astera Labs Enhances PCIe 6.x Interoperability With Expanded Testing Capabilities In Taiwan

<ul>
<li>The Company is offering to purchase up to 33,500,000 Ordinary Shares (including Ordinary Shares represented by ADSs) representing approximately&nbsp;12 percent&nbsp;of the Company&#39;s issued ordinary share capital as at 16 May 2024 (being the latest practicable date before publication of this announcement (&quot;Latest Practicable Date&quot;)) at a fixed price of 250 pence per Ordinary Share (equivalent to &pound;25.00 per ADS) (the &quot;Tender Price&quot;) up to a maximum aggregate amount of&nbsp;$100 million. The maximum amount of&nbsp;$100 million&nbsp;will be translated into a pounds sterling amount on the Ordinary Share Closing Date, and that pounds sterling amount shall determine the maximum number of shares to be accepted for payment in the Tender Offer.</li>
<li>The Tender Price represents a premium of&nbsp;25 percent&nbsp;to PureTech&#39;s trailing volume weighted average price per Ordinary Share over the three days prior to 19 March 2024, the date of the Company&#39;s initial announcement of the Tender Offer proposals and a premium of&nbsp;12.6 percent&nbsp;to the closing price of 222 pence per Ordinary Share on the Latest Practicable Date.</li>
</ul>

PRTC

PureTech Health Announces Launch of $100M Tender Offer At Premium Price of 250 Pence Per Share

Trip.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) is set to release earnings results for its first quarter, after the <a href="https://www.benzinga.com/quote/TCOM/earnings">closing bell on Monday.</a>
Analysts expect the Singapore-based company to report quarterly earnings at 57 cents per share, up from 43 cents per share in the year-ago period. Trip.com is expected to post revenue of $1.61 billion, up from $1.28 billion a year ago, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Feb. 21, Trip.com reported better-than-expected fourth-quarter financial results.
Trip.com shares gained 0.7% to close at $56.83 on Friday.
Benzinga readers can access the latest analyst ratings on the A<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">nalyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Benchmark analyst Fawne Jiang reiterated a Buy rating with a price target of $55 on April 17. This analyst has an accuracy rate of 69%.</li>
<li>TD Cowen analyst Kevin Kopelman reiterated an Outperform rating and raised the price target from $45 to $53 on March 7. This analyst has an accuracy rate of 68%.</li>
<li>Barclays analyst Jiong Shao maintained an Overweight rating and boosted the price target from $56 to $60 on Feb. 23. This analyst has an accuracy rate of 62%.</li>
<li>Mizuho analyst James Lee maintained a Buy rating and boosted the price target from $55 to $60 on Feb. 22. This analyst has an accuracy rate of 78%.</li>
<li>Nomura Instinet analyst Jialong Shi downgraded the stock from Buy to Neutral on Nov. 21, 2023. This analyst has an accuracy rate of 77%.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38893741/jim-cramer-recommends-buying-this-sports-betting-companys-stock-i-think-its-terrific">Jim Cramer Recommends Buying This Sports Betting Company&#8217;s Stock: &#8216;I Think It&#8217;s Terrific</a>&#8216;

Price Target

Trading Ideas

TCOM

Trip.com Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

TKOMF

TKOMY

Tokio Marine Holdings Fiscal 2023 EPS $2.396 Up From $1.256 YoY, Sales $50.03B Up From $44.544B YoY

Editor's note: This story has been updated with additional details.
Iranian state news agency IRINN and semi-official news agency Mehr News reported that there were &#8220;no survivors&#8221; at the crash site of the helicopter carrying President Ebrahim Raisi.
What Happened: Raisi, a former hardline judiciary chief, became Iran&#8217;s eighth president in 2021 after a historically uncompetitive presidential election. As a former prosecutor and judge, he oversaw a period of intensified repression of dissent, according to human rights monitors, <a href="https://edition.cnn.com/middleeast/live-news/raisi-iran-president-helicopter-crash/index.html">according</a> to CNN.
Raisi was seen as a close ally of Iran&#8217;s Supreme Leader, Ayatollah Ali Khamenei, and was widely believed to be his potential successor.
The <a href="https://www.benzinga.com/news/24/05/38909714/iranian-presidents-helicopter-crashes-in-mountainous-terrain-official-says-leaders-life-at-risk">helicopter crash</a> occurred while Raisi was returning from a visit to the border with Azerbaijan. The aircraft crashed in mountainous terrain amid heavy fog, with the lives of Raisi and his foreign minister reportedly &#8220;at risk.&#8221;
Earlier, Hamas expressed &#8220;great concern&#8221; following the crash of a helicopter carrying Iranian President Ebrahim Raisi and other officials on Sunday. The details of the crash remain unclear, and Hamas showed &#8220;solidarity&#8221; with the president and the Iranian people.
&#8220;In this painful incident, we express our full solidarity with the Islamic Republic of Iran, its leadership, government, and people, and we ask Allah Almighty to protect and ensure the safety of the Iranian President and his accompanying delegation, and to keep all harm away from the brotherly Iranian people,&#8221; the Hamas statement reads.
According to a statement from China&#8217;s Ministry of Foreign Affairs, China expressed deep concern over the &#8220;hard landing&#8221; of the helicopter carrying Iran&#8217;s President Ebrahim Raisi.
"Following closely reports that the helicopter carrying the Iranian President and the foreign minister has been forced to land unexpectedly," European Council President&nbsp;Charles Michel&nbsp;said on the social media platform X.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Following closely reports that the helicopter carrying the Iranian President and the foreign minister has been forced to land unexpectedly and their condition not yet clear. Together with EU member states and partners, we are monitoring the situation closely.
&mdash; Charles Michel (@CharlesMichel) <a href="https://twitter.com/CharlesMichel/status/1792215176889983158?ref_src=twsrc%5Etfw">May 19, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/05/38907930/anthony-scaramucci-labels-donald-trumps-hush-money-trial-as-obligatory-loyalty-test-for-republicans?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Labels Donald Trump&#8217;s Hush Money Trial As &#8216;Obligatory Loyalty Test&#8217; For Republicans, Says &#8216;It&#8217;ll Never Be Enough For Donald Trump&#8217;</a>
Why It Matters: The helicopter crash comes at a time of heightened tension in the region. Just last month, Iran&#8217;s President was in Pakistan to <a href="https://www.benzinga.com/news/24/04/38352545/irans-president-ebrahim-raisi-lands-in-pakistan-amid-tensions-seeks-to-repair-bilateral-relations-an">mend bilateral relations</a> amid military actions that had strained the two countries&#8217; ties. 
The visit was seen as a significant step towards normalizing relations, although the ultimate authority on state matters, including nuclear policy, lies with Iran's Supreme Leader Khamenei.
Earlier in April, Iran&#8217;s state-aligned media reported that the <a href="https://www.benzinga.com/news/24/04/38328453/iran-says-nuclear-facilities-safe-after-israeli-strike-us-confirms-escalation">nuclear facilities in Isfahan province</a> were safe following an Israeli strike. The attack, which was confirmed by a U.S. official, was not believed to have targeted nuclear installations.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38910114/elon-musk-counts-amazing-president-joe-biden-among-tesla-naysayers-who-wish-to-see-the-ev-maker-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Counts &#8216;Amazing&#8217; President Joe Biden Among Tesla &#8216;Naysayers&#8217; Who Wish To See The EV Maker Go Bankrupt</a>
Image Via Shutterstock 
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.

President Raisi, Who Was Seen As Ayatollah's Successor To Be Iran's Supreme Leader, Confirmed Dead By State Media (UPDATED)

Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly working on an <a href="https://www.benzinga.com/news/24/03/37764878/apple-loses-motion-to-dismiss-lawsuit-claiming-airtags-are-weapon-of-stalkers-determination-cannot-b">upgraded version of its popular</a> AirTag item tracker and plans to launch it in 2025.
What Happened: In his latest weekly &#8220;Power On&#8221; newsletter, Bloomberg columnist Mark Gurman revealed that the new AirTag, internally known as B589, is currently in the testing phase with Apple&#8217;s manufacturing partners in Asia. 
The device is expected to feature an upgraded chip for improved location tracking. &#8220;Personally, I'd like a louder speaker, better battery life and a version optimized for wallets,&#8221; Gurman said.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/38873639/elon-musk-reacts-after-doge-designer-says-meta-would-be-trillionaires-by-now-if-they-had-a-dollar-fo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Doge Designer Says Meta &#8216;Would Be Trillionaires By Now&#8217; If They Had A Dollar For Every Child Safety Investigation</a>
Previously, tech analyst, Ming-Chi Kuo also indicated a possible <a href="https://www.benzinga.com/news/23/10/35322031/ming-chi-kuo-says-airtag-2-mass-production-might-get-pushed-to-2025-heres-everything-we-know">postponement in the mass production</a> of AirTag 2 until 2025. Earlier Kuo also mentioned that AirTag will be integrated with the Vision Pro headset as a component of the spatial computing ecosystem. However, the specific workings of this integration are still unclear.
In January 2024, it was reported that the decision to delay the launch of the next-generation AirTag to 2025 was because of an&nbsp;<a href="https://www.benzinga.com/news/24/01/36527121/apples-next-gen-airtag-launch-said-to-be-delayed-because-theres-simply-a-lot-of-unsold-original-ones">overstock of the first-generation product</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.
Why It Matters: First introduced in April 2021, Apple&#8217;s AirTags have <a href="https://www.benzinga.com/news/23/08/34161298/airtag-to-the-rescue-apples-tracker-aids-nashville-cops-in-swift-car-thief-capture">quickly gained widespread popularity</a> as a tool designed to help users locate lost personal items such as luggage at airports, among other uses.
However, over the years, worries have arisen regarding the misuse of AirTags for stalking. In October 2023, a&nbsp;<a href="https://www.benzinga.com/news/23/10/35237271/apple-airtags-are-stalkers-weapon-of-choice-dozens-of-victims-allege-in-a-new-class-action-lawsuit">class-action lawsuit</a>&nbsp;was filed by victims alleging that the AirTag was being used as a &#8220;weapon of choice&#8221; by stalkers. 
Victims claim that the low cost of the device, priced at just $29, and the extensive prevalence of iPhones, make AirTags an appealing tool for stalkers. Despite Apple&#8217;s implementation of an alert system to notify individuals about being tracked by an unknown AirTag, victims contend that it fails to offer sufficient protection.
Meanwhile, last week it was announced that Apple and Google are collaborating to <a href="https://www.benzinga.com/markets/equities/24/05/38801095/apple-google-announce-unwanted-bluetooth-tracking-prevention-collaboration-what-you-need-to-know">prevent unwanted Bluetooth tracking</a>. 
The announcement outlines operating system-level support for notifications regarding unwanted trackers, spanning both Apple and Android devices with iOS 17.5 and Android 6.0+. Users will be alerted with an &#8220;Item Found Moving With You&#8221; notification if the system detects a Bluetooth device accompanying them over a period.
Photo by Ugis Riba on Shutterstock
Check out more of&nbsp;Benzinga&#8217;s&nbsp;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:&nbsp;<a href="https://www.benzinga.com/news/24/05/38909116/openais-new-model-gpt-4o-elon-musks-high-regard-for-ilya-sutskever-and-microsofts-china-move-this-we?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI&#8217;s New Model GPT-4o, Elon Musk&#8217;s High Regard For Ilya Sutskever And Microsoft&#8217;s China Move: This Week In Artificial Intelligence</a>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Upgraded Apple AirTag With Advanced Chip And Superior Location Tracking Set for 2025 Launch, Says Mark Gurman

EV giant Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is now offering incentives including free supercharging miles to boost <a href="https://www.benzinga.com/news/24/05/38893924/tesla-faces-stiff-price-competition-in-china-from-latest-entrants-nios-onvo-l60-and-xiaomi-su7" target="_blank" rel="noreferrer noopener">vehicle uptake in China</a>, in addition to lowering prices.
What Happened: New customers who order a Tesla car from May 20 to June 20 will get 5,000 kilometers of free supercharging miles, Tesla said in a poster shared on Weibo. However, the offer is limited to the first 140 customers. 
For old customers, if they choose to replace two Goodyear tires at a Tesla-operated service center, they will get 600 kilometers of free supercharging and 1,200 kilometers of supercharging on replacing all four tires.
Why It Matters:&nbsp;China is Tesla&#8217;s second biggest market after the U.S. The EV maker has a gigafactory in Shanghai that produces the Model 3 and Model Y, both for sale in China and for export.&nbsp;
Data released by the China Passenger Car Association earlier this month showed that the&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/38775830/teslas-ongoing-austerity-measures-rivian-apple-partnership-buzz-biden-administrations-clampdown-" rel="noreferrer noopener">company sold 62,617 made-in-China EVs in April,</a>&nbsp;down 18% year-over-year, including the 30,746 units exported.&nbsp;
Last month, Tesla cut prices on Model 3 and Y in China&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38348232/tesla-aggressively-cuts-prices-ahead-of-q1-report-ev-maker-lowers-model-3-y-prices-in-china-by-u" rel="noreferrer noopener">by as much as 6%.</a>&nbsp;While the Model 3 rear-wheel drive now starts at 231,900 yuan in the country, the Model Y starts at 249,900 yuan.&nbsp;
For the first quarter of 2024, Tesla also reported a&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38068997/elon-musk-dwells-on-wokeness-geopolitics-population-crisis-but-mostly-stays-silent-on-teslas-gloomy" rel="noreferrer noopener">fall in global deliveries</a>. The company sold 386,810 vehicles, marking an 8.5% year-on-year decline.
Read More:&nbsp;<a href="https://www.benzinga.com/news/24/05/38907041/tesla-bull-gary-black-expects-ceo-elon-musks-56b-pay-package-to-be-reinstated-should-eliminate-any-p" target="_blank" rel="noreferrer noopener">Tesla Bull Gary Black Expects CEO Elon Musk's $56B Pay Package To Be Reinstated; ‘…Should Eliminate Any Possibility Of Elon Leaving'</a>
Photo via Shutterstock

Asia

Tesla Tries To Boost China Sales With Free Supercharging Miles After Price Cuts

Presented by Professor Richard J. Thompson, MD, King&#39;s College London, United Kingdom
Patients with PFIC showed significant and sustained improvements in pruritus severity, serum bile acid (sBA) levels, total bilirubin and growth following up to two years of LIVMARLI treatment. Similar improvements in pruritus and sBA were seen in patients originally randomized to placebo who received LIVMARLI in the open-label study.
Abstract 594:&nbsp;Maralixibat Leads to Significant Reductions in Bilirubin for Patients with Progressive Familial Intrahepatic Cholestasis: Data from the MARCH Trial
Presented by Lorenzo D&#39;Antiga, MD, Papa Giovanni XXIII Hospital, Bergamo, Italy
Patients treated with LIVMARLI experienced significant decreases in both total and direct bilirubin compared to placebo.&nbsp;40%&nbsp;of the patients with abnormal bilirubin at baseline treated with LIVMARLI achieved normalization versus none in the placebo group. Further, these reductions in bilirubin were consistent with reductions in sBAs.
Abstract 600: Maralixibat Impact on Concomitant Medication Use for the Treatment of Cholestatic Pruritus in Alagille Syndrome: Real-World Experience
Presented by Jolan Terner-Rosenthal, PhD, Mirum Pharmaceuticals, Inc., Foster City, California, USA
Real-world evidence from 116 patients treated with LIVMARLI for at least one year showed that more than one-third of patients were able to discontinue &ge;1 concomitant antipruritic medication, and one in five patients discontinued &ge;2 medications. Reductions in concomitant medication usage were seen across all medication types and suggest that LIVMARLI may reduce the polypharmacy burden within the first year of treatment.
Other presentations featured during ESPGHAN include:
Abstract 592:&nbsp;Maralixibat Leads to Significant Improvements in Cholestatic Pruritus for Children with Progressive Familial Intrahepatic Cholestasis Without a Genetic Diagnosis: Data from the MARCH Trial
Presented by Professor Richard J. Thompson, MD, King&#39;s College, London, United Kingdom​
Abstract 599:&nbsp;Maralixibat Leads to Improvements in Cholestatic Pruritus for Children with Progressive Familial Intrahepatic Cholestasis Due to MDR3 Deficiency: Data From the MARCH/MARCH-ON Trials
Presented by Professor Richard J. Thompson, MD, King&#39;s College, London, United Kingdom
Abstract 595:&nbsp;Improvements in Pruritus with Maralixibat are Associated with Improved Quality of Life for Patients with Progressive Familial Intrahepatic Cholestasis: Data From the MARCH Trial
Presented by Douglas B. Mogul, MD, PhD, Mirum Pharmaceuticals, Inc., Foster City, California, USA
Abstract 597:&nbsp;Maralixibat Can Improve Cholestatic Pruritus in Children with Progressive Familial Intrahepatic Cholestasis Who Previously Underwent a Surgical Biliary Diversion: Data From the MARCH/MARCH-ON Trials

MIRM

Reported Saturday, Mirum Pharmaceuticals' LIVMARLI Data Presented At ESPGHAN, Featuring Key Findings On ALGS And PFIC

Taiwan&#8217;s newly elected president Lai Ching-te urged China to cease military and political threats.
What Happened: In his speech, Lai emphasized that peace is the only option and called for respect for Taiwan&#8217;s democratic choice. He reiterated the need for dialogue with China, which considers Taiwan its territory and has not ruled out using force.
&#8220;I also want to urge China to stop intimidating Taiwan politically and militarily, and to take on the global responsibility with Taiwan to work hard on maintaining peace and stability across the Taiwan Strait and in the region, to ensure the world is without the fear of war breaking out,&#8221; he said.
&#8220;Taiwan makes no concessions on democracy and freedom.&#8221;
China has labeled Lai a &#8220;separatist&#8221; and has increased military activities near Taiwan since his election. Lai stressed the importance of Taiwan&#8217;s determination to defend itself against potential threats.
He received applause for stating that Taiwan and China are &#8220;not subordinate to each other.&#8221; Taiwan&#8217;s defense ministry reported Chinese aircraft crossing the Taiwan Strait&#8217;s median line.
See Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/05/38901984/silver-rockets-to-11-year-highs-copper-hits-record-peak-gold-approaches-historic-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Silver Rockets To 11-Year Highs, Copper Hits Record Peak, Gold Approaches Historic Close: Mining Stocks&#8217; Wild Ride</a>
Former U.S. officials, international lawmakers, and leaders from countries with diplomatic ties to Taiwan attended the ceremony. U.S. Secretary of State Antony Blinken congratulated Lai and expressed hopes for continued cooperation.
Why It Matters: Lai Ching-te&#8216;s inauguration comes at a critical time for Taiwan, a global semiconductor powerhouse. Lai, who served as vice president during Tsai Ing-wen&#8216;s second term, has vowed to uphold Taiwan&#8217;s de facto independence and bolster its defenses against China. Thousands gathered in Taipei for the ceremony, where Lai accepted congratulations from international delegations, including representatives from the U.S., Japan, and Europe. <a href="https://www.benzinga.com/news/24/05/38911256/lai-ching-te-inaugurated-as-next-president-of-chip-powerhouse-taiwan">Read more</a>.
Just days before Lai&#8217;s inauguration, mainland China extended an olive branch by offering an investment package aimed at fostering economic cooperation. The coastal city of Fuzhou announced plans for industrial cooperation parks and cross-strait trade distribution centers. These initiatives are part of China&#8217;s broader strategy to promote exchange and cooperation with Taiwan. <a href="https://www.benzinga.com/news/24/05/38894961/china-woos-taiwan-with-investment-package-ahead-of-presidential-inauguration-as-xi-jinping-eyes-peac">Read more</a>.
Read Next: <a href="https://www.benzinga.com/news/24/05/38909395/biden-advisor-defends-china-tariffs-silver-hits-11-year-high-jamie-dimon-warns-of-inflationary-force?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Advisor Defends China Tariffs, Silver Hits 11-Year High, Jamie Dimon Warns Of Inflationary Forces: Top Economic News This Week</a>
Image by Presidential Office Building, Taiwan via Flickr
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'Stop Intimidating Taiwan:' Newly Elected President Urges China To Work Together For Peace

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) to report quarterly earnings at 35 cents per share on revenue of $3.84 billion before the opening bell, according to data from Benzinga Pro. Li Auto shares rose 0.6% to $25.03 in after-hours trading.</li>
<li>Analysts are expecting Zoom Video Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) to post quarterly earnings at $1.20 per share on revenue of $1.13 billion. The company will release earnings after the markets close. Zoom Video shares rose 0.1% to $64.24 in after-hours trading.</li>
<li>Wix.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) posted upbeat results for its first quarter and raised its 2024 forecast on Monday. Wix.com shares rose 0.9% to $136.94 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a> 
<ul>
<li>After the markets close, Nordson Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) is projected to projected to post quarterly earnings at $2.31 per share on revenue of $661.41 million. Nordson shares gained 0.4% to close at $271.65 in after-hours trading.</li>
<li>Analysts expect Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) to post quarterly earnings at $1.25 per share on revenue of $1.97 billion after the closing bell. Palo Alto shares rose 0.2% to $318.50 in after-hours trading.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38893741/jim-cramer-recommends-buying-this-sports-betting-companys-stock-i-think-its-terrific">Jim Cramer Recommends Buying This Sports Betting Company&#8217;s Stock: &#8216;I Think It&#8217;s Terrific</a>&#8216;

Pre-Market Outlook

NDSN

PANW

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The More Things Stay The Same

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