Kore Group Holdings (OTC:KORGW) Stock, Quote.Headers.trade-ideas

Kore Group Holdings Inc provides Internet of Things (IoT) solutions and services. In addition to providing critical services to customers globally, it enables them to manage, deploy, and scale their IoT applications and use cases. It offers connectivity services, location-based services, device solutions, and managed and professional services for the development and support of IoT technology for the Machine-to-Machine market. It derives revenue from IoT Connectivity services, IoT Solutions services, SIMs (IoT Connectivity), and IoT devices (IoT Solutions). Geographically, the company generates a majority of its revenue from the United States and the rest from other countries.

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Kore Group Holdings Inc

In his upcoming memoir, Microsoft co-founder and philanthropist Bill Gates suggests that he may be neurodivergent, stating that if he were a child today, he would likely be diagnosed on the autism spectrum.
What Happened: As revealed in an excerpt published by The Wall Street Journal, Gates provided a glimpse into his childhood. He discussed the challenges his parents faced in understanding and supporting their &#8220;complicated son.&#8221;
"If I were growing up today, I probably would be diagnosed on the autism spectrum. During my childhood, the fact that some people's brains process information differently from others wasn't widely understood," Gates <a href="https://www.wsj.com/arts-culture/bill-gates-memoir-410d7ff5">wrote</a>. He noted that the term "neurodivergent" would be coined in the 1990s.
"My parents had no guideposts or textbooks to help them grasp why their son became so obsessed with certain projects, missed social cues and could be rude and inappropriate without seeming to notice his effect on others," he added. 
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Despite his well-documented&nbsp;success as a tech entrepreneur, Gates attributed much of his achievements to luck, including his birth to his parents and the fortuitous timing of his childhood coinciding with the computer revolution. 
"To be born in the rich U.S. is a big part of a winning birth-lottery ticket, as is being born white and male in a society that advantages white men," Gates added.
He also recognized the &#8220;unearned privilege&#8221; of being a white male in the U.S., a sentiment shared by Warren Buffett in a recent&nbsp;letter to Berkshire Hathaway shareholders.
Gates is not the only business leader to credit neurodivergence for their success.&nbsp;Billionaire Elon Musk&nbsp;and Richard Branson of Virgin Group have made similar acknowledgements.
Why It Matters: Bill Gates&#8217; revelation about his possible neurodivergence adds to the growing conversation about the role of neurodiversity in the business world. By sharing his personal experience, Gates is helping to challenge stereotypes and promote understanding of neurodivergent individuals. His story underscores the importance of supportive environments in nurturing the potential of those who think differently.
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Bill Gates: 'I Would Probably Be Diagnosed on the Autism Spectrum' if Growing Up Today

Access to telehealth and hospital-at-home care has been a lifeline for many older Americans. However, recent changes to <a href="https://www.benzinga.com/personal-finance/24/11/41852616/doctors-3-medicare-pay-cut-could-it-lead-to-fewer-providers-accepting-medicare-patients">Medicare coverage</a> could disrupt these services in 2025, leaving beneficiaries uncertain about their options. Here's what you need to know about the potential restrictions and their impact.
During the COVID-19 pandemic, <a href="https://www.benzinga.com/personal-finance/24/12/42728529/suze-orman-warns-medicare-doesnt-cover-everything-why-you-need-2000-for-drugs-and-1676-for-hospital-costs-in-2025#google_vignette">Medicare</a> relaxed its rules to expand coverage of telehealth and hospital-at-home services. This allowed beneficiaries to receive virtual care when travel and in-person visits were a larger health risk. Congress and the Biden administration extended this coverage through December 2024, and a recent spending bill signed into law provides an additional three-month extension, ending the coverage in March 2025.&nbsp;
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If the waivers are not extended again, Medicare will revert to its pre-pandemic restrictions, limiting telehealth services to primarily rural areas and requiring in-person visits before virtual appointments will be covered.&nbsp;
Telehealth has become an essential tool for older adults and those with mobility challenges or who don't have convenient access to nearby health care providers. It allows patients to manage chronic conditions, attend follow-up appointments and receive mental health services without leaving their homes.&nbsp;
Jackie Gehert, vice president of clinical informatics at Epic Research, told Chief Healthcare Executive that telehealth has been "able to give the care that otherwise may have otherwise been done in the exam room setting and actually give that care in a way that&#8217;s not only more convenient, but maybe even gets to a diagnosis or a plan of care faster than it might have taken if you had to wait for an in-person visit."
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Hospital-at-home programs provide acute care in a patient's home and have proved effective. These services often result in quicker recovery times and fewer readmissions than traditional hospital stays. According to Fortune, Medicare currently supports about 380 hospital systems that offer hospital-at-home programs. Without an extension of the waivers, many of these programs could end, disrupting patient care and halting new program development.
The cost of extending telehealth waivers has sparked debate in Congress. The Congressional Budget Office estimates that a two-year extension of telehealth services would cost Medicare approximately $4 billion. While hospital-at-home programs are budget-neutral, telehealth has become a target for cost-cutting measures, particularly under an administration focused on <a href="https://www.benzinga.com/personal-finance/24/11/42234255/trump-says-dr-oz-will-cut-waste-and-fraud-in-medicare-experts-are-skeptical-but-what-does-this-mean-for-your-health-care-costs">reducing Medicare spending</a>.
If the waivers are not extended, older adults may face significant barriers to care. Telehealth services for mental health appointments will require in-person visits first and Medicare will no longer cover hospital-at-home services. Providers often schedule appointments months in advance and are already grappling with the uncertainty.
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Rachel Jenkins, senior associate director of federal relations at the American Hospital Association (AHA), told Fortune, "A three-month extension doesn't provide stability to the program, which is certainly key for our members."
Health care systems may hesitate to invest in new programs without a long-term commitment from Medicare.
While telehealth and hospital-at-home coverage advocates are optimistic about another extension, it's not certain whether President Donald Trump and Congress will decide to extend this Medicare coverage beyond March.
Medicare beneficiaries should stay informed and discuss alternative care options with their providers as March grows closer.&nbsp;
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Personal Finance

Medicare's At-Home Care And Telehealth Restrictions In 2025 Could Limit Access To Affordable Healthcare – Here's What You Need To Know

The past week has been a rollercoaster for the electric vehicle (EV) industry. With President Trump&#8217;s inauguration, the market has been on edge, anticipating potential changes to the EV tax credit. Meanwhile, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk has been stirring up excitement with updates on Tesla&#8217;s Full Self-Driving (FSD) technology. Let&#8217;s dive into the top stories of the week.
Trump&#8217;s Potential EV Tax Credit Changes
Tesla researcher Troy Teslike outlined three potential scenarios for the $7,500 tax credit currently available for new EV purchases under the Trump administration. These possibilities range from restricting the tax credit&#8217;s reach to fewer EV models or customers to immediate eligibility criteria changes and potential cancellation of the tax credit within six months.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43082006/tesla-researcher-says-it-will-help-ev-giants-annual-deliveries-if-trump-does-not-change-ev-tax-credit-eligibility-criteria-immediately">Read the full article here.</a>
Trump&#8217;s EV Policy Impact on Rivian and Lucid
Shares of Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) and Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) took a hit following President Trump&#8217;s announcement of significant EV policy changes. According to the technical analysis of daily moving averages from <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, Rivian's stock is under short-term pressure with longer-term support. Whereas, Lucid's stock is undergoing a period of consolidation.
<a href="https://www.benzinga.com/general/market-summary/25/01/43156862/tesla-rivals-rivian-lucid-fall-sharply-after-donald-trump-revokes-bidens-ev-targets-freezes-infra-funding-heres-what-technical-analysis-says">Read the full article here.</a>
Musk&#8217;s Promise: Tesla FSD-Equipped Vehicles to Reverse Soon
Musk has hinted that all of Tesla&#8217;s FSD-equipped vehicles will soon be able to reverse by themselves. While the FSD currently allows for lane changes with active driver supervision, not all versions enable the car to reverse into a parking spot.
<a href="https://www.benzinga.com/25/01/43080259/all-tesla-fsd-equipped-vehicles-can-reverse-by-itself-soon-says-elon-musk">Read the full article here.</a>
Black Questions Musk&#8217;s Take on EV Credit Removal
Managing partner of The Future Fund LLC, Gary Black, has raised concerns about the impact of Trump&#8217;s planned elimination of the $7,500 EV tax credit on Tesla&#8217;s sales. This comes after Tesla&#8217;s sales dropped significantly in France and Germany following the removal of EV incentives in those countries.
<a href="https://www.benzinga.com/news/global/25/01/43088582/gary-black-questions-elon-musks-take-on-ev-credit-removal-after-tesla-sales-drop-in-europe-not-sure-how-the-math-works">Read the full article here.</a>
Inside Trump&#8217;s $1.5 Million Beast
Upon his inauguration, Donald Trump once again rode in the Presidential state car, a custom Cadillac nicknamed &#8220;The Beast&#8221;. This heavily armored vehicle, which weighs about 20,000 pounds, comes equipped with a refrigerator of the president&#8217;s blood type and doors as heavy as those on a Boeing 757 jet.
<a href="https://www.benzinga.com/tech/25/01/43079572/trumps-armored-presidential-limo-inside-the-1-5-million-beast-packed-with-cutting-edge-features">Read the full article here.</a>
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<li><a href="https://www.benzinga.com/25/01/43214741/rivian-ceo-warns-legacy-automakers-against-underinvesting-in-evs-in-light-of-policy-shift-big-miscalculation-for-long-term">Rivian CEO Warns Legacy Automakers Against Underinvesting In EVs In Light Of Trump&#8217;s Policy Shift: &#8216;Big Miscalculation For Long Term&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/anan-ashraf" target="_blank" rel="noopener">Anan Ashraf.</a>

LCID

RIVN

Trump's EV Policy Shakes Market, Tesla's Upcoming FSD Upgrade, And Inside Trump's $1.5M Beast: This Week In Mobility

These eight mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) shares escalated 72.60% after the company announced on Friday it signed an MoU with Rpower <a href="https://www.benzinga.com//node/43061545" target="_blank" rel="noreferrer noopener">to provide clean energy for data centers</a>.</li>
<li>Tempus AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) stock jumped 47.91%  after former House Speaker Nancy Pelosi disclosed a new <a href="https://www.benzinga.com//node/43097979" target="_blank" rel="noreferrer noopener">position in the technology company</a>.</li>
<li>Himax Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIMX#NASDAQ">HIMX</a>) shares surged 49.52%.</li>
<li>Super Group (SGHC) Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGHC#NYSE">SGHC</a>) shares jumped 38.11% after the company announced that it expects fourth-quarter and FY24 revenue <a href="https://www.benzinga.com//node/43124235" target="_blank" rel="noreferrer noopener">to exceed analyst estimates</a>. Also, Canaccord Genuity analyst Michael Graham upgraded the stock from Hold to Buy and raised the <a href="https://www.benzinga.com/quote/sghc/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $5 to $10</a>.</li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) stock rose 37.92% amid recent reports of Santee Cooper seeking buyers to revive nuclear reaction construction in South Carolina.</li>
<li>WNS (Holdings) Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WNS#NYSE">WNS</a>) shares increased 36.30% after the company reported better-than-expected third-quarter <a href="https://www.benzinga.com//node/43154487" target="_blank" rel="noreferrer noopener">results and strong guidance</a>. Analysts raised the price <a href="https://www.benzinga.com/quote/wns/analyst-ratings" target="_blank" rel="noreferrer noopener">forecast on the stock</a>.</li>
<li>Guardant Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GH#NASDAQ">GH</a>) shares were up 26.53% after the company announced Medicare coverage for its Guardant Reveal for surveillance <a href="https://www.benzinga.com//node/43110223" target="_blank" rel="noreferrer noopener">testing in colorectal cancer patients</a>.</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) stock upped 25.48% amid strength in tech and AI stocks as investors assess the new <a href="https://www.benzinga.com//node/43119243" target="_blank" rel="noreferrer noopener">administration&#8217;s policies and AI efforts</a>.</li>
</ol>
Image via Shutterstock
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<li><a href="https://www.benzinga.com/25/01/43218543/electronic-arts-rivian-and-walgreens-are-among-top-11-large-cap-losers-last-week-jan-20-jan-24-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Electronic Arts, Rivian And Walgreens Are Among Top 13 Large Cap Losers Last Week (Jan 20-Jan 24): Are The Others In Your Portfolio?</a></li>
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OKLO

RGTI

SGHC

Okla And Rigetti Computing Are Among Top 8 Mid Cap Gainers Last Week (Jan 20-Jan 24): Are The Others In Your Portfolio?

Microsoft cofounder and America's largest<a href="https://www.benzinga.com/real-estate/24/05/38671114/bill-gates-harvests-113-million-in-nebraska-farmland-takes-out-700-million-in-loans"> private farmland owner Bill Gates</a> ranks 43rd on the 2025 Land Report 100 with 275,000 acres, but his influence extends far beyond agriculture.
In June 2024, Gates made headlines by breaking ground on what he described as "the most advanced nuclear facility in the world." Situated on 44 acres in<a href="https://www.benzinga.com/startups/24/09/40669041/bill-gates-is-bringing-the-most-advanced-nuclear-facility-in-the-world-to-a-small-city-with-only-2-0"> Kemmerer, Wyoming</a>, the TerraPower Natrium reactor represents a significant leap in nuclear innovation, according to the Land Report.
Gates highlighted the reactor's sodium-cooled design on his Gates Notes blog, stating it "will bring safe, next-generation nuclear technology to life in Wyoming. It's a huge milestone for the local economy, America's energy independence and the fight against climate change."
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Nuclear energy advocates emphasize that modern advancements have significantly reduced risks associated with meltdowns, such as the Three Mile Island incident. Instead, the new technologies promise a clean and sustainable energy source that could play a pivotal role in mitigating climate change.
Gates, a longtime proponent of nuclear energy, traces his commitment to a scientific paper he read nearly two decades ago outlining the transformative potential of Natrium reactor technology.
"The design was far safer than any existing plant, with the temperatures held under control by the laws of physics instead of human operators who can make mistakes," Gates wrote on his blog. "It would have a shorter construction timeline and be cheaper to operate. And it would be reliable, providing dependable power throughout the day and night.
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"As I looked at the plans for this new reactor, I saw how rethinking nuclear power could overcome the barriers that had hindered it – and revolutionize how we generate power in the U.S. and around the world."
Gates founded TerraPower in 2008, inspired by the groundbreaking scientific report he had read a few years earlier. The company's innovative theories and designs took a significant step toward becoming reality in 2024 when the U.S. Nuclear Regulatory Commission (NRC) accepted TerraPower's construction permit application for review.
"This step may sound bureaucratic but is, in fact, a huge deal and the first time something like this has happened with a commercial nonlight water reactor in more than 40 years," Gates wrote.
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He elaborated that the NRC review process, which is expected to take a couple of years, is critical for moving forward. Once approved, construction on the actual nuclear reactor can begin.
Meanwhile, TerraPower will continue building the nonnuclear components of the facility.
"Construction will begin (in 2025) on the so-called ‘energy island,' which is where the steam turbines and other machinery that actually generate power will sit," Gates wrote. "The plant hopefully will come online in 2030."
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Real Estate

From Farmland To Fusion – Bill Gates' Vision For Clean Energy Takes Shape In Wyoming

These thirteen large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>FTAI Aviation Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>) shares tumbled 26.18% after the company announced <a href="https://www.benzinga.com//node/43103333" target="_blank" rel="noreferrer noopener">it may delay its FY24 10-K filing</a>.</li>
<li>Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) stock dipped 17.57% after the company reported preliminary third-quarter results, including a slowdown in the Global Football franchise. Multiple analysts <a href="https://www.benzinga.com//node/43157791" target="_blank" rel="noreferrer noopener">downgraded the stock</a>.</li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) stock fell 11.86%, probably due to continued weakness following President Trump&#8217;s inauguration as investors assess the new <a href="https://www.benzinga.com//node/43146459" target="_blank" rel="noreferrer noopener">administration&#8217;s pro-fossil fuel policies</a>.</li>
<li>Rivian Automotive, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) stock fell 11.57%, probably due to continued weakness after President Donald <a href="https://www.benzinga.com//node/43147598" target="_blank" rel="noreferrer noopener">Trump revoked Biden&#8217;s EV mandate</a>.</li>
<li>Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) shares decreased 9.93% after the company reported worse-than-expected <a href="https://www.benzinga.com//node/43186252" target="_blank" rel="noreferrer noopener">fourth-quarter financial results</a>.</li>
<li>Astera Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) stock fell 9.66% last week after Morgan Stanley <a href="https://www.benzinga.com/quote/ALAB/analyst-ratings" target="_blank" rel="noreferrer noopener">downgraded it</a> from Overweight to Equal-Weight while maintaining its $142 price forecast.</li>
<li>CF Industries Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CF#NYSE">CF</a>) stock dived 9.41% after <a href="https://www.benzinga.com/quote/cf/analyst-ratings" target="_blank" rel="noreferrer noopener">several analysts downgraded the stock</a>.</li>
<li>Tetra Tech, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>) shares declined 9.38%.</li>
<li>Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) shares declined 9.24%.</li>
<li>J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) stock lost 8.72% last week. Raymond James analyst Patrick Tyler Brown maintained the stock with an Outperform rating but <a href="https://www.benzinga.com/quote/JBHT/analyst-ratings" target="_blank" rel="noreferrer noopener">lowered the price forecast</a> from $200 to $190.</li>
<li>Cheniere Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNG#NYSE">LNG</a>) shares were down 8.59%.</li>
<li>United Microelectronics Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) stock lost 8.37% after the company reported <a href="https://www.benzinga.com//node/43095433" target="_blank" rel="noreferrer noopener">worse-than-expected Q4 financial results</a> and issued Q1 expectations for ASP to decline by mid-single digits. Citigroup <a href="https://www.benzinga.com/quote/UMC/analyst-ratings" target="_blank" rel="noreferrer noopener">downgraded the stock</a> to sell.</li>
<li>Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) stock fell 8.20% after the U.S. Justice Department filed a lawsuit against the <a href="https://www.benzinga.com//node/43104245" target="_blank" rel="noreferrer noopener">company over opioid prescriptions</a>.</li>
</ol>
Image via Shutterstock
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</ul>

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EXPE

FSLR

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TTEK

Electronic Arts, Rivian And Walgreens Are Among Top 13 Large Cap Losers Last Week (Jan 20-Jan 24): Are The Others In Your Portfolio?

Elon Musk told a far-right rally in Germany that the nation&#8217;s citizens should take pride in their heritage and let go of the guilt associated with Germany&#8217;s fascist past.
What Happened: On Saturday Musk made a surprise appearance at a rally for Germany's Alternative für Deutschland (AfD) party. He addressed the rally via video, four weeks ahead of the country&#8217;s elections.
Musk, who has been publicly supporting the party for weeks, used his social media platform X to circulate the video.
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&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1883184095402004708?ref_src=twsrc%5Etfw">January 25, 2025</a></blockquote>
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The video features Musk urging&nbsp;German voters and AfD supporters&nbsp;to disregard the European Union, shun multiculturalism, and take pride in their country. 
He was quoted as saying, &#8220;I think there is too much focus on past guilt [in Germany], and we need to move beyond that. Children should not feel guilty for the sins of their parents – their great-grandparents even.&#8221;
Also Read: <a href="https://www.benzinga.com/news/global/25/01/43074232/elon-musk-sparks-controversy-with-hard-right-make-europe-great-again-post">Elon Musk Sparks Controversy With Hard-Right &#8216;Make Europe Great Again!&#8217; Post</a>
Musk&#8217;s comments came shortly after he was accused of making a fascist salute at a Washington event following President Donald Trump&#8216;s second inauguration.
Musk suggested that voters should opt for &#8220;self-determination for Germany&#8221; and less influence &#8220;from Brussels.&#8221;
Why It Matters: Musk&#8217;s remarks have stirred controversy, given the historical context of Germany&#8217;s past. His support for the far-right AfD party and his call for Germans to discard guilt over their ancestors&#8217; actions have raised eyebrows. 
The AfD party is known for its nationalist and anti-immigration stance, and Musk&#8217;s endorsement could potentially influence the upcoming elections. 
Furthermore, his comments on the European Union and multiculturalism could have implications for Germany&#8217;s international relations and internal social dynamics.
Musk&#8217;s statements carry significant weight and could potentially impact his businesses&#8217; operations in Germany and the European Union. The reactions to his remarks, both domestically and internationally, will be closely watched in the coming weeks.
Read Next
<a href="https://www.benzinga.com/news/global/24/12/42732904/elon-musk-blasted-as-intrusive-and-presumptuous-for-trying-to-influence-german-elections-toward-far-right-party">Elon Musk Blasted As &#8216;Intrusive And Presumptuous&#8217; For &#8216;Trying To Influence&#8217; German Elections Toward Far-Right Party</a>
Image: Shutterstock

Politics

Elon Musk's Shocking Remarks To Far-Right German Party: 'Too Much Focus on Past Guilt'

As the weekend wraps up, we&#8217;ve seen a flurry of activity in the tech sector. From leadership changes at Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to skyrocketing shares at Rigetti Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), and the unveiling of a new AI agent by OpenAI, there&#8217;s plenty to catch up on. Let&#8217;s dive into the top stories.
Apple Reinforces Siri with Veteran Kim Vorrath
Apple has made a significant move to bolster its AI and Siri capabilities. The tech giant has tapped Kim Vorrath, a seasoned executive with a rich history at Apple, to take a senior leadership role in its AI and machine learning division. Vorrath, who was instrumental in the launch of Vision Pro software, will now collaborate closely with AI chief John Giannandrea. This move underscores Apple&#8217;s commitment to enhancing its AI development.
<a href="https://www.benzinga.com/25/01/43215468/apple-shakes-up-ai-division-taps-veteran-kim-vorrath-to-bolster-siri">Read the full article here.</a>
Rigetti Computing Shares Soar on Project Stargate Announcement
Rigetti Computing saw its shares surge by 42% following President Donald Trump&#8217;s announcement of a new $500 billion AI investment initiative, Project Stargate. The project has secured $100 billion for immediate investment from backers including Oracle Corp., OpenAI, Nvidia, and SoftBank Capital, with an additional $400 billion expected over the next four years.
<a href="https://www.benzinga.com/25/01/43196106/rigetti-computing-quantum-stargate">Read the full article here.</a>
OpenAI Unveils &#8216;Operator&#8217; AI Agent Amid Early Glitches
OpenAI, the parent company of ChatGPT, has released a &#8220;research preview&#8221; of a new AI agent named &#8220;Operator.&#8221; The agent, designed to autonomously perform web tasks, is initially available in the U.S. for subscribers of OpenAI's $200 per month ChatGPT Pro tier. Despite some early errors, the company is working on quick fixes. <a href="https://www.benzinga.com/25/01/43186741/openai-debuts-operator-ai-agent-that-performs-web-tasks-but-early-error-has-sam-altman-scrambling-for-a-quick-fix">Read the full article here.</a>
Elon Musk Questions Project Stargate&#8217;s Funding
Shortly after the announcement of the ambitious $500 billion Project Stargate, Tesla Inc. CEO Elon Musk cast doubt on the project&#8217;s funding. Musk claimed that lead investor SoftBank Group has "well under $10B secured," contradicting the project&#8217;s grand unveiling at a White House briefing.
<a href="https://www.benzinga.com/markets/equities/25/01/43121798/elon-musk-says-project-stargate-doesnt-actually-have-the-money-after-trump-announces-500-billion-ai-investment-led-by-softbank-oracle-and-openai">Read the full article here.</a>
OpenAI&#8217;s Sam Altman Expresses Support for Trump
OpenAI CEO Sam Altman has publicly voiced his support for President Donald Trump, a surprising shift given his previous praise for LinkedIn co-founder Reid Hoffman&#8217;s efforts to prevent Trump&#8217;s re-election. Altman confessed that his views on Trump have evolved and that he regrets not thinking more critically about the president in the past.
<a href="https://www.benzinga.com/25/01/43153571/openais-sam-altman-flip-flops-on-trump-as-500-billion-stargate-ai-project-is-announced-years-after-praising-reid-hoffman-for-stopping-his-re-election">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43215315/wedbush-hikes-target-price-on-oklo-to-45-on-hopes-of-ai-raising-power-demand">Sam Altman-Backed Oklo Stock Gets Price Target Hike From Wedbush On Hopes Of AI Raising Power Demand</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

AAPL

Elon Musk Questions Stargate Funding, Sam Altman's Flip Flop On Trump, OpenAI's Operator: This Week In AI

These twelve large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) stock rose 30.62%. HC Wainwright &amp; Co. analyst Mitchell Kapoor reiterated the company with a Buy and<a href="https://www.benzinga.com/quote/smmt/analyst-ratings" target="_blank" rel="noreferrer noopener"> maintained a $44 price forecast</a>.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) shares surged 23.21% after the company announced launch support for <a href="https://www.benzinga.com//node/43170776" target="_blank" rel="noreferrer noopener">Firefly Aerospace&#8217;s Blue Ghost Million 1</a>.</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) stock increased 22.66% after the company announced it was awarded a tender to supply its mRNA COVID-19 vaccine in the European Union,<a href="https://www.benzinga.com//node/43196950" target="_blank" rel="noreferrer noopener"> Norway and North Macedonia</a>.</li>
<li>Twilio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) shares were up 18.84% after the company issued fourth-quarter earnings guidance above estimates and a year-over-year revenue increase. Multiple analysts raised <a href="https://www.benzinga.com//node/43194564" target="_blank" rel="noreferrer noopener">their price forecasts on the stock</a>.</li>
<li>Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) stock upped 16.38% after the company reported better-than-<a href="https://www.benzinga.com//node/43132552" target="_blank" rel="noreferrer noopener">expected fourth-quarter results</a>.</li>
<li>Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) shares gained 16.05% last week following <a href="https://www.benzinga.com//node/43114866" target="_blank" rel="noreferrer noopener">better-than-expected Q4 financial results</a>. Multiple analysts <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings" target="_blank" rel="noreferrer noopener">raised their price forecasts</a> following the report.</li>
<li>Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) shares upped 15.08% last week after the company <a href="https://www.benzinga.com//node/43122667" target="_blank" rel="noreferrer noopener">introduced generative AI</a> and intelligent agents to revolutionize Oracle Fusion cloud sales and customer processes.</li>
<li>Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) shares rose 14.97%.</li>
<li>JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) stock gained 14.96% last week after Trump skipped China&#8217;s tariff threats. China&#8217;s stock also got a boost amid its efforts to get insurers to invest in stocks and support markets.</li>
<li>Guidewire Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) shares rose 14.57% after Goldman Sachs initiated coverage on the stock with a Buy rating and announced a price forecast of $210. The company is also set to <a href="https://www.benzinga.com//node/43148643" target="_blank" rel="noreferrer noopener">join the S&amp;P MidCap 400</a>.</li>
<li>Wipro Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WIT#NYSE">WIT</a>) stock gained 14.24% after the company reported <a href="https://www.benzinga.com//node/43054648" target="_blank" rel="noreferrer noopener">better-than-expected Q3 financial results</a> and announced an interim dividend.</li>
<li>Palantir Technologies Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) stock escalated 14.07%, probably after President Trump announced <a href="https://www.benzinga.com//node/43157322" target="_blank" rel="noreferrer noopener">Project Stargate</a>, a $500 billion AI infrastructure investment.</li>
</ol>
Image via Shutterstock

CIEN

GWRE

IBKR

MRNA

NFLX

ORCL

PLTR

RKLB

SMMT

TWLO

Netflix, Palantir And Moderna Are Among Top 12 Large Cap Gainers Last Week (Jan 20-Jan 24): Are The Others In Your Portfolio?

Assets managed by advisers continued to grow in 2023, hitting a record $31.3 trillion, according to a <a href="https://www.planadviser.com/total-number-advisers-stagnated-cerulli-reports/">new report from Cerulli Associates</a>. However, the number of advisers managing all that money has not been growing nearly as fast. Over the last ten years, the report indicates the number of registered advisers has increased by just 0.2%.
This shortage of manpower and abundance of work hasn&#8217;t so far affected client satisfaction scores. 80% of clients say they are happy with their adviser. But dig a little deeper and the manpower shortage may be affecting what kind of advisors people seek out.
According to the report, independent RIAs have increased their market share (by assets managed) from 12% to 16% over the last decade. Copmanies managing more than $500 million are growing especially fast, and now have 67% of the industry&#8217;s managed assets. Almost half of those firms are considering acquiring other advisers.
For broker/dealers with advisers, this is an issue. 68% of advisers say they have trouble learning or using their own broker/dealer&#8217;s technology. At the same time, the report indicates that 71% of new advisers strike out in the first five years of work. This suggests that to win back market share from independent RIAs, who appear more appealing to clients, broker/dealers must invest more heavily in training, mentoring, and technology for new advisers.
On the other hand, independent advisers may want to double down on their use of technology, knowing that one of their competitive advantages lies in nimbler, easier to use, and more client-friendly systems.
Another competitive advantage the report identifies is in offering financial planning services for investors. Currently, only 48% of advisers provide such services, demand is high and Cerulli expects that number to hit 55% next year. Advisers who get ahead of the pack may find this a key differentiator against their competitors.

Financial Advisors

How The Adviser Shortage Creates An Opening For Independent RIAs

The week in the world of cryptocurrency was nothing short of eventful. From sarcastic speculations about President Biden&#8217;s Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) strategy to President Trump&#8217;s executive order on crypto, the week was rife with significant developments. The inauguration of President Trump also saw the crash of Trump-themed memecoins, while a whale investor made a massive purchase of the Trump memecoin. Meanwhile, Elon Musk&#8217;s Martian dreams for Dogecoin were grounded amid lawsuits against his Department of Government Efficiency.
Peter Schiff&#8217;s Bitcoin Banter
Noted economist Peter Schiff humorously speculated on whether President Joe Biden would sell some of the state-owned Bitcoin ahead of Donald Trump&#8217;s presidential inauguration. Schiff&#8217;s comments came in the context of President-elect Trump&#8217;s reported plans to declare cryptocurrency a national priority and create a national Bitcoin reserve.
<a href="https://www.benzinga.com/25/01/43078360/peter-schiff-gets-sarcastic-wonders-whether-biden-will-sell-some-bitcoin-on-last-day-of-presidency">Read the full article here.</a>
Trump&#8217;s Crypto Moves
President Donald Trump signed executive orders on digital assets, aiming to bolster U.S. leadership in the crypto industry. The order establishes a Presidential Working Group on Digital Asset Markets, chaired by White House ‘AI &amp; Crypto Czar' David Sacks. The group will develop a federal regulatory framework for digital assets and stablecoins.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43177482/trump-signs-executive-order-on-crypto-bitcoin-reserve-to-be-evaluated">Read the full article here.</a>
Trump Memecoin Mayhem
The official meme coins of President Donald Trump and First Lady Melania Trump tanked on Monday, eroding billions in investors&#8217; wealth. The Official Trump (TRUMP) token sank over 30%, while the Official Melania (MELANIA) coin plummeted over 54% in the last 24 hours.
<a href="https://www.benzinga.com/25/01/43088840/donald-and-melania-trump-memecoins-crash-after-presidential-inaugurationfirst-couples-crypto-wealth-plunges-36">Read the full article here.</a>
Whale Investor&#8217;s Trump Coin Purchase
A trader bought over $5 million worth of Official Trump memecoin just minutes after President Trump said he knows little about it. The purchase, which came after the coin fell over 33%, was one of the biggest single purchases since the coin's launch.
<a href="https://www.benzinga.com/25/01/43120439/whale-investor-makes-one-of-the-biggest-purchases-of-trump-memecoin-minutes-after-president-says-i-dont-know-much-about-it">Read the full article here.</a>
Musk&#8217;s Martian Dreams Grounded
Elon Musk&#8217;s optimism about his Department of Government Efficiency at Donald Trump&#8217;s presidential inauguration did not lift Dogecoin, which plummeted amid lawsuits against the agency. Musk expressed his gratitude to the American people for voting for Trump and assured them of a secure future.
<a href="https://www.benzinga.com/trading-ideas/movers/25/01/43088336/elon-musk-says-doge-to-mars-but-memecoin-fails-to-get-a-liftoff-amid-department-of-government-efficiency-lawsuits">Read the full article here.</a>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

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

Cryptocurrency

Markets

$BTC

Bitcoin Banter, Trump's Crypto Moves, Memecoin Mayhem, And Musk's Martian Dreams: This Week In Crypto

As we move further into 2025,&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is making headlines, but not all for the right reasons. The tech giant has had a turbulent start to the year, with its stock performance causing concern among investors. Meanwhile, the company is making significant changes in its AI division and facing rumors about its upcoming iPhone 17. Let&#8217;s dive into the key stories that shaped Apple&#8217;s week.
Apple Stock Nears Critical Level
Apple&#8217;s shares are nearing a significant level that could signal further losses, according to analysts. The company&#8217;s stock has plummeted by 11% since the start of the year, making it the weakest performer in the &#8216;Magnificent 7&#8217; group. This downturn is in stark contrast to the S&amp;P 500, which has seen a 4% gain, reaching a new record high. This is Apple&#8217;s most challenging start to the year since 2008.
<a href="https://www.benzinga.com/markets/equities/25/01/43215545/apple-stock-nears-critical-level-amid-worst-start-start-to-the-year-since-2008-when-you-get-names-starting-to-flirt-with-ityou-kind-of-lose-confidence">Read the full article here.</a>
AI Division Shakeup
Apple has appointed Kim Vorrath, a veteran executive, as a senior leader in its artificial intelligence and machine learning division. This move is seen as Apple's effort to infuse more rigor into its AI development, indicating the company's recognition of AI's significance for its future. However, its AI-powered news notification summaries will be paused in iOS 18.3 following criticism over their lack of accuracy.
<a href="https://www.benzinga.com/25/01/43215468/apple-shakes-up-ai-division-taps-veteran-kim-vorrath-to-bolster-siri">Read the full article here.</a>
iPhone 17 Dynamic Island Rumors
Apple analyst Ming-Chi Kuo contradicted earlier rumors about the iPhone 17‘s Dynamic Island, suggesting that it will remain largely unchanged.
<a href="https://www.benzinga.com/25/01/43215414/apples-iphone-17-dynamic-island-to-remain-largely-unchanged-despite-prior-rumors-says-top-analyst">Read the full article here.</a>
Steve Jobs&#8217; 1981 PC Prediction
In 1981, Apple co-founder Steve Jobs expressed skepticism about the home market for personal computers. Just three years later, Apple unveiled the Macintosh, a device that not only changed computing but also set the stage for the tech giant&#8217;s dominance in consumer tech.
<a href="https://www.benzinga.com/tech/25/01/43214225/apple-co-founder-steve-jobs-in-1981-said-homes-werent-ready-for-personal-computers-three-years-later-cupertino-launched-the-macintosh-and-made-history">Read the full article here.</a>
Smarter Mail for Mac
Apple is reportedly bringing its AI smarts to the Mac's Mail app with the upcoming macOS 15.4 update. The new Mail app will make it easier for users struggling with email overload by sorting emails into neat categories and prioritizing urgent ones.
<a href="https://www.benzinga.com/25/01/43080333/apples-making-your-macs-mail-much-smarter-heres-whats-coming">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43215315/wedbush-hikes-target-price-on-oklo-to-45-on-hopes-of-ai-raising-power-demand">Sam Altman-Backed Oklo Stock Gets Price Target Hike From Wedbush On Hopes Of AI Raising Power Demand</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Apple's Rough Start To 2025, Stock Woes, AI Shakeups, And More: This Week In Appleverse

As the week comes to a close, the financial world has been buzzing with a flurry of news. From the White House to Wall Street, major developments have been shaping the economic landscape. Here&#8217;s a quick recap of the top stories that made headlines this week.
Trump&#8217;s &#8216;Drill, Baby, Drill&#8217; Era Begins
In his return to the White House, President Donald Trump wasted no time in declaring a national energy emergency. During his inauguration speech, he reaffirmed his commitment to fossil fuels, pledging to "drill, baby, drill" and revoke the electric vehicle mandate. Companies like Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) and Gulfport Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPOR#NYSE">GPOR</a>) could see significant impacts from these policy shifts.
<a href="https://www.benzinga.com/government/regulations/25/01/43097430/trumps-drill-baby-drill-era-begins-oil-prices-tumble-us-energy-stocks-edge-up">Read the full article here.</a>
Netflix Raises Prices Amid Inflation Concerns
Streaming giant Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) announced a 16% price increase for its standard streaming plan, sparking concerns about persistent inflation risks. The price hikes coincided with Netflix's robust fourth-quarter earnings report, which showed a significant increase in revenue and subscriber growth.
<a href="https://www.benzinga.com/markets/equities/25/01/43119464/netflix-raises-prices-16-peter-schiff-warns-of-escalating-inflation-risks-ahead-of-trump-policies">Read the full article here.</a>
Coffee Prices Soar, Starbucks Could Face Margin Squeeze
Arabica coffee futures have soared to multi-decade highs, increasing investor concerns about Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) margins and pressuring the company&#8217;s valuation multiple. With average coffee price inflation expected to be 75.5% for Q1 2025, the coffee giant could face significant challenges.
<a href="https://www.benzinga.com/news/global/25/01/43135622/coffee-prices-soar-to-record-highs-could-starbucks-face-margin-squeeze">Read the full article here.</a>
Trump Outlines Economic Reset At Davos
Four days into his second term, President Donald Trump addressed the World Economic Forum 2025, outlining an aggressive economic agenda that promises corporate tax cuts, deregulation, energy expansion and a hardline stance on global trade. His America-first approach could have significant implications for companies like Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>).
<a href="https://www.benzinga.com/news/global/25/01/43170854/trump-outlines-economic-reset-at-davos-5-things-you-need-to-know">Read the full article here.</a>
Powell &amp; Co. Will Wait
With Jerome Powell keeping his cards close to the chest, investors hoping for a quick rate cut might need to sit tight. According to Kevin Flanagan, Head of Fixed Income Strategy at WisdomTree, the latest numbers simply don&#8217;t &#8220;rise to the threshold&#8221; for an early rate cut.
<a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43101541/exclusive-powell-co-will-wait-wisdomtree-expert-says-on-why-investors-need-smarter-bond-strategy">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43215468/apple-shakes-up-ai-division-taps-veteran-kim-vorrath-to-bolster-siri">Apple Shakes Up AI Division, Taps Veteran Kim Vorrath To Bolster Siri</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Economics

GPOR

SBUX

WTBN

Trump's Energy Agenda, Skyrocketing Coffee Prices, Davos Highlights, And Powell's Wait-And-See Approach: This Week In Economics

The past week has been a whirlwind of activity, with significant developments in the corn industry, cryptocurrency, artificial intelligence, and electric vehicles. Here&#8217;s a quick recap of the top stories that made headlines.
RFK Jr. Pledge Could Shatter Corn Industry
Health and Human Services Secretary-designate Robert F. Kennedy Jr. has pledged to ban high fructose corn syrup (HFCS) and seed oils, causing alarm among corn farmers, especially in key regions like western Ohio. HFCS, a sweetener found in many processed foods, is a significant product of the corn industry. Kennedy&#8217;s stance against HFCS, which he links to health issues like obesity and diabetes, could potentially disrupt the industry.
<a href="https://www.benzinga.com/markets/equities/25/01/43076874/rfk-jr-pledge-could-shatter-corn-industry-farmers-brace-for-impact">Read the full article here.</a>
Trump Signs Executive Order On Crypto
President Donald Trump has signed executive orders to strengthen U.S. leadership in the crypto industry and halt progress on central bank digital currencies. The order establishes a Presidential Working Group on Digital Asset Markets, which will include key figures such as the Secretary of the Treasury and the Chairman of the Securities and Exchange Commission. The group&#8217;s task is to develop a federal regulatory framework for digital assets and stablecoins.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43177482/trump-signs-executive-order-on-crypto-bitcoin-reserve-to-be-evaluated">Read the full article here.</a>
Trump Reverses Biden&#8217;s AI Policies
On his first day in office, President Trump revoked former President Joe Biden's comprehensive executive order on artificial intelligence. The move was part of a broader action that reversed 78 Biden-era executive actions and aligns with Trump&#8217;s campaign promise to de-regulate industry.
<a href="https://www.benzinga.com/news/large-cap/25/01/43106379/trump-reverses-bidens-ai-policies-on-day-1-what-it-means-for-tech-giants-nvidia-amd-alphabet">Read the full article here.</a>
Elizabeth Warren Lists Changes For Elon Musk&#8217;s DOGE Department
Senator Elizabeth Warren has presented strategies to tech mogul Elon Musk on how the newly formed Department of Government Efficiency could potentially cut government spending. Among her recommendations were renegotiating better deals for Department of Defense contracts and preventing the military from doing civilian jobs.
<a href="https://www.benzinga.com/government/regulations/25/01/43182640/elizabeth-warren-lists-changes-for-elon-musks-doge-department-urges-guantanamo-closure-due-to-hundreds-of-millions-in-annual-costs">Read the full article here.</a>
Tesla&#8217;s Chinese Rivals Surge Over Lack Of Tariff Announcement
Shares of EV startup Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) fell in premarket trading after President Trump revoked a 2021 executive order by former President Biden that aimed to ensure half of new vehicles sold in the U.S. by 2030 are electric. Trump, however, did not impose any tariffs on Beijing causing shares of U.S.-listed Chinese EV startups to rise.
<a href="https://www.benzinga.com/markets/25/01/43091254/teslas-chinese-rivals-li-xpeng-nio-surge-while-rivian-declines-in-pre-market-as-trump-revokes-bidens-ev-target">Read the full article here.</a>
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Photo courtesy: Shutterstock
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/anan-ashraf" target="_blank" rel="noopener">Anan Ashraf.</a>

RFK Jr.'s Corn Pledge, Trump's Crypto And AI Moves, Warren's DOGE Recommendations, And More: This Week In Politics

Gen X is feeling the squeeze like never before. Stuck between aging parents who need care and kids who still need support, many are finding their finances stretched to the limit. And it's not just about money – time, stress and an uncertain future.
Take Erika Gilles, 57, as an example. After her 78-year-old mother, Karen Proctor, was hospitalized last year, Gilles' life turned upside down. "It's totally absorbed all of my time," she told Business Insider. "I don't think I'm ever going to retire."
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Her mother's <a href="https://www.benzinga.com/topic/medicare">Medicare </a>didn't cover long-term care, leaving Gilles scrambling for affordable options. She managed to find an assisted living facility, but they had to apply for a state subsidy to help cover the costs. If that doesn't come through, they may need to sell her mother's home in Arizona.
A $600 Billion Problem
Gilles isn't alone. Millions of Americans are in similar situations. <a href="https://press.aarp.org/2024-5-16-US-Workforce-Report-70-Caregivers-Difficulty-Balancing-Career-Caregiving-Responsibilities">According to AARP, </a>unpaid caregivers provided $600 billion of labor last year. That's a staggering number. But for many families, caregiving isn't optional.
A survey from Carewell found that 75% of adults caring for both a parent and a child are struggling to save for retirement. More than 60% live paycheck to paycheck. This financial stress creates a domino effect as younger generations sacrifice their financial stability to care for aging relatives.
"The bigger issue is you can create almost a cycle of poverty," Marc Cohen, a gerontology professor at the University of Massachusetts Boston, said to BI. "The costs are borne communally."
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Why Isn't Medicare Helping?
Here's the kicker: Medicare doesn't cover most long-term care needs, such as assisted living or home health care. Medicaid helps, but with strict eligibility requirements and long waitlists, it's not enough.
"People find out late in life that they don't have any protection against these costs," Cohen explained.
Lisa McCracken from the National Investment Center for Seniors Housing &amp; Care said affordability is the biggest challenge. &#8220;Particularly in the middle market, it's a major concern," she told BI.
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A Way Forward?
Experts say the government needs to step in. Cohen suggests a public long-term care insurance program funded by payroll taxes, similar to Social Security. Washington State has already started something like this with WA Cares, which provides $36,500 in benefits per person, indexed to inflation.
Gilles wants to see more done. "They've got to provide more support to families going through this," she said. "It's got to be more affordable or they need to provide more resources."
For Gen X, the message is clear: this crisis isn't going away. And for many, retirement is looking less like a goal and more like a pipe dream.
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'I Don't Think I'm Ever Going To Retire' – How Gen X Is Getting Squeezed Between Kids, Aging Parents And $600 Billion In Unpaid Care

Microsoft has a new way to determine which employees it can't afford to lose and it's <a href="https://www.benzinga.com/news/24/11/41736493/microsoft-co-founder-bill-gates-says-everyone-in-future-will-have-a-utilitarian-ai-agent-that-will-h">all about AI.</a> An internal document viewed by Business Insider sheds light on how managers are working to keep top AI talent in the fold – and it involves some big questions and even bigger paychecks.
Here's what's going on.
AI Talent Gets Special Treatment
Microsoft managers can request retention bonuses for employees they see as irreplaceable. To do that, they fill out a form answering questions like, "What harm is done if the employee leaves Microsoft?"
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Sounds intense, right? But there's a twist. The document now includes a new section specifically about AI.
Managers are asked to explain whether the employee is a "critical AI talent" and how their departure could hurt the company's <a href="https://www.benzinga.com/news/24/12/42438799/bill-gates-predicts-ai-in-the-workforce-will-lead-to-so-much-leisure-time-but-itll-create-a-what-do-we-do-with-all-that-time-problem">AI initiatives.</a> It's clear that AI is Microsoft's top priority and they're not messing around when it comes to keeping the best and brightest.
Why the Focus on AI?
AI is the name of the game right now. Companies like Google, OpenAI and Meta are racing to dominate the space and the talent competition is fierce.
It's not just about snagging the brightest minds – it's about keeping them. Losing an engineer who knows the ins and outs of AI could mean setbacks worth millions.
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Microsoft seems to know this. According to BI, Microsoft's AI employees earn much more than their colleagues. Engineers in the AI group reportedly make 48% more than the average software engineer at the company.&nbsp;
A Strategic Move
The updated retention form was prepared for a specific group inside Microsoft, though it's unclear if the same AI-focused questions are being used across the company.
A Microsoft spokesperson told BI that these forms aren't standardized. Different teams can tweak them based on what matters most to their work.
But the inclusion of AI in this document hints at a larger trend. The stakes in the AI talent wars are sky-high and Microsoft isn't about to lose its edge.
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The Bigger Picture
This move comes as AI reshapes the tech world. From generative AI tools to advanced models, the industry is evolving fast. And companies like Microsoft are betting big.
The takeaway? If you're an AI expert, you're in demand. If you're not, maybe it's time to improve your machine learning skills.
For now, Microsoft's strategy is simple: Keep the talent, no matter the cost. After all, in the race for AI dominance, every brain counts.
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'What Harm Is Done If They Leave?' – Microsoft's Secret Document Reveals AI Retention Strategies

The <a href="https://www.benzinga.com/24/12/42545204/marjorie-taylor-greene-pushes-to-sell-off-usps-amid-doge-momentum-we-need-to-privatize-ive-been-saying-it-for-years">United States Postal Service</a> (USPS) is offering employees a voluntary early retirement incentive to address overstaffing in its facilities. This incentive includes lump-sum payments equaling up to $15,000. According to the Federal News Network, Postmaster General Louis DeJoy is employing this opportunity to improve the organization&#8217;s efficiencies as part of a broader strategy.&nbsp;
A spokesperson for USPS told the Federal News Network that the retirement incentive is available for certain employees within the National Postal Mail Handlers Union (NPMHU) and the American Postal Workers Union (APWU).&nbsp;
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A memorandum of understanding (MOU) between USPS and the APWU went out to employees, stating that eligible full-time employees will receive $10,000 on Aug. 15, 2025 and the remaining $5,000 on Aug. 28, 2026. Certain part-time employees may also be eligible for prorated amounts.&nbsp;
Not every full-time employee can volunteer for this incentive. There are certain qualifications one must meet, including:&nbsp;
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<li>Being at least 50 years old with at least 20 years of creditable federal service OR any age with at least 25 years of creditable federal service</li>
<li>At least five years of creditable civilian service</li>
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The offer is available until March 7, 2025 and those who volunteer to retire must do so by April 30, 2025 – even if they already had a set retirement date for later this year, according to the MOU.
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Certain exclusions also apply. Employees with pending removal notices or those retiring due to disability won't be eligible for the incentive. Also, employees who reapply for USPS positions within two years may be required to repay the incentive.&nbsp;
Since DeJoy assumed office in 2020, the USPS has faced significant workforce reductions. During his tenure, the USPS cut about 20,000 jobs and reduced the total number of work hours by 45 million, according to Federal News Network. At the same time, the USPS converted 190,000 noncareer employees to career positions, offering them better benefits and pay.&nbsp;
The APWU and NPMHU have expressed support for the voluntary retirement incentive, seeing it as a collaborative effort with USPS to address <a href="https://www.benzinga.com/personal-finance/24/11/42250885/gen-zers-are-being-fired-just-months-after-getting-hired-employers-cite-lack-of-motivation-poor-communication-and-unprofessional-behavior">workforce challenges</a>. However, concerns remain about the broader implications of workforce reductions. Republican lawmakers have criticized converting noncareer employees to career positions, citing increased labor costs. USPS reported a <a href="https://www.benzinga.com/news/24/12/42496990/trump-eyes-privatization-of-postal-service-amid-9-5-billion-loss">$9.5 billion net loss</a> for fiscal year 2024, intensifying scrutiny of its financial decisions.
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This isn't USPS's first attempt at voluntary workforce reductions. In 2013, the agency offered a similar $15,000 incentive to APWU employees. More recently, nonunion employees at USPS headquarters were offered early retirement opportunities in 2021, albeit without additional financial incentives.
As USPS continues to navigate financial and operational changes, the success of this buyout program could set a precedent for future workforce restructuring efforts. Eligible employees have until early March to decide and their choices will likely shape USPS's ability to balance cost savings with service quality.
For more information, employees are encouraged to review the detailed guidelines provided by USPS and consult with their union representatives.
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USPS Offers $15K Buyouts In Overstaffed Facilities: Unions And Critics Weigh In

President Donald Trump has ended security protection for Dr. Anthony Fauci, the <a href="https://www.benzinga.com/25/01/43193866/trumps-tariff-hikes-could-stoke-consumer-inflation-jitters-challenge-fed-goldman-sachs-warns" target="_blank" rel="noreferrer noopener">White House&#8217;s former top medical advisor</a>.
Fauci, who faced significant threats during his leadership of the U.S. response to the Covid-19 pandemic, had been under constant security detail, <a target="_blank" href="https://www.bbc.com/news/articles/cvg49jz7v8no" rel="noreferrer noopener">reports</a> BBC.
Trump defended his decision, stating that it is standard practice for government officials not to retain security protection indefinitely once they leave office.
Alongside Fauci, Trump also removed security protections for several other former officials, including former Secretary of State Mike Pompeo and National Security Adviser John Bolton, who had received threats from Iran.
When asked if he felt responsible for the safety of the officials, Trump responded by stating that they had earned substantial amounts of money and could afford their own security. BBC quoted Trump saying, &#8220;They can hire their own security too.&#8221;
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In Fauci&#8217;s case, following the revocation, he arranged for private security at his own expense, BBC reports.
This decision comes after increasing criticism from Republican figures, including Sen. Rand Paul (R-Ky.) who had publicly called for Fauci&#8217;s security detail to be revoked, citing concerns about the costs involved.
The protocol for former officials&#8217; security is based on an assessment of threats by intelligence agencies.
While former U.S. presidents and their spouses are entitled to lifetime security protection, others, including former government officials, are subject to evaluations of their security needs.
Fauci, who served as head of the National Institute of Allergy and Infectious Diseases for over 40 years, was a prominent figure in the nation&#8217;s Covid-19 response and faced intense political scrutiny throughout the pandemic.
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General

Trump Ends Anthony Fauci's Security Protection: 'They Can Hire Their Own Security'

Rep. Alexandria Ocasio-Cortez (D-N.Y.) publicly denounced the stock trading activities of lawmakers, pointing out an apparent inconsistency among Democrats.
What Happened: Ocasio-Cortez and Jon Stewart voiced their disapproval of Congress members owning and trading stocks during a conversation on Stewart&#8217;s &#8220;The Weekly Show&#8221; podcast on Friday.
During the podcast, Ocasio-Cortez highlighted what she sees as a &#8220;hypocrisy&#8221; within her own party regarding this issue.
According to Ocasio-Cortez, Democrats need to ensure their actions align with their words, and she pointed to insider trading in Congress as a stark example of this hypocrisy. 
"There needs to be Democrats who walk the walk and talk the talk. There is an insane amount of hypocrisy, and the hypocrisy is what gets exploited to use the cynicism and wherever there's a hypocritical window. For example, I think one of the most biggest examples of this is insider trading in Congress," Ocasio-Cortez said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f440; AOC Openly Admits Democrats in Congress Are Doing Insider Trading Wild… <a href="https://t.co/I4CBRCgvA6">pic.twitter.com/I4CBRCgvA6</a>
&mdash; Chief Nerd (@TheChiefNerd) <a href="https://twitter.com/TheChiefNerd/status/1882594371457171829?ref_src=twsrc%5Etfw">January 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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"It's so crazy. I mean, like, it's the end of the thing. Like, people think that everyday people are stupid. I'm like, ‘Do you all really think that people don't see this s&#x2A;&#x2A;&#x2A;?&#8217;" Ocasio-Cortez added. 
Stewart agreed with her, noting that the positions lawmakers hold on committees give them access to insider information that could potentially enhance their trading portfolios.
"And then we're supposed to act like money only corrupts Republicans?" Ocasio-Cortez said.
Both Ocasio-Cortez and Stewart took issue with the idea that the public is unaware of these practices. Their remarks come in the wake of increasing demands for a prohibition on lawmakers trading stocks.
Why It Matters: The issue of lawmakers trading stocks has been a contentious topic for some time. Critics argue that it creates a conflict of interest and provides an unfair advantage to those in power. 
The recent comments by Ocasio-Cortez and Stewart bring this issue back into the spotlight, potentially prompting further discussion and action on the matter. 
As public figures with significant influence, their stance could sway public opinion and pressure lawmakers to reconsider their position on this issue.
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Image: Shutterstock

AOC Says Democrats in Congress Are Doing Insider Trading: 'People Think That Everyday People Are Stupid'

Former Trump White House adviser Anthony Scaramucci has cast doubt on President Donald Trump&#8216;s true commitment to the Make America Great Again (MAGA) agenda.
What Happened: During an interaction on MSNBC, Scaramucci boldly suggested that Trump&#8217;s loyalty to the MAGA cause is not as steadfast as it appears. 
He proposed that Trump&#8217;s interests lie more with the billionaires in his circle than with ardent MAGA supporters like Steve Bannon.
&#8220;There's a fight for the core of MAGA. And the really interesting part about it is Trump himself is not MAGA. Just take a look at what he did. He's got the billionaires lined up right behind his family. The people that are in his government that supposedly represent MAGA were behind them. And trust me, I know him. He's a very detail-oriented guy that way in terms of aesthetics,&#8221; Scaramucci said. &nbsp;
During <a href="https://www.msnbc.com/">the </a>interview, Scaramucci further elaborated, stating that Trump&#8217;s actions, such as rallying billionaires to support his family, were calculated. 
He interprets this as an attempt by Trump to depict these billionaires as subservient to him, a move that Scaramucci sees as a departure from the fundamental MAGA values.
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Scaramucci also noted that Trump&#8217;s focus on personal gains and attention seems to take precedence over his interest in the congressional midterms. 
&#8220;Does anybody here think that he cares about what happens in the congressional midterms? And I can tell you right now, he marginally does, but not really, because everything is about him. So look at it through the following prism. Am I getting a lot of attention or am I making a lot of money? And that's that's Donald Trump. And the way to beat him is to get to the normal people that are currently apathetic about the situation and bring them into the swimming pool with us,&#8221; he added. 
These comments from Scaramucci hint at a widening rift within the Trump camp, with varying perspectives on the true nature of the MAGA movement.
Why It Matters: Scaramucci&#8217;s remarks add to the ongoing debate about the true intentions behind the MAGA movement and Trump&#8217;s commitment to it. 
If Scaramucci&#8217;s claims hold weight, it could potentially lead to further divisions within the Trump camp and the MAGA movement as a whole. 
This could have significant implications for the future of the movement and its influence on American politics.
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Image: Shutterstock

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