Piaggio & C. (OTC:PGGCY) Stock, Quote.Headers.trade-ideas

Piaggio & C. SpA is an Italian manufacturer of motor vehicles with international operations. The product portfolio consists of scooters, mopeds, and motorcycles marketed under the Aprilia, Piaggio, Vespa, Moto Guzzi, Gilera, Derbi, and Scarabeo brands, as well as three- and four-wheeler light vehicles, marketed under the Ape, and Porter brands. Piaggio's sales are mainly in Europe, the Middle East, Africa; the Americas; and India, but are also in the Asia-Pacific region. The firm's manufacturing units are located in Italy, India, and Vietnam.

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Jack Ma&#39;s Ant Group Explores ChatGPT-Style Services, Cisco Launches Power-Efficient AI Chips, YouTube Preps For Shopping Channel Debut In South Korea: Today&#39;s Top Stories

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Piaggio Unveils Vespa&#39;s Disney Mickey Mouse Edition: Tribute to Disney&#39;s 100th Anniversary

PIAGGIO & C SPA UNSP/ADR by Piaggio & C Spa Pontedera

Piaggio & C. SpA

Morgan Stanley analyst Craig Hettenbach downgrades Hims &amp; Hers Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) from Overweight to Equal-Weight and raises the price target from $42 to $60.

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Price Target

Analyst Ratings

Hims & Hers Health, Inc. Class A Common Stock

HIMS

Morgan Stanley Downgrades Hims & Hers Health to Equal-Weight, Raises Price Target to $60

Entertainment

Mega Matrix Announces "From Lost Heiress to Royal Highness" Drama Is Now Streaming On FlexTV

The shares of Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) are trading 5.38% higher in Tuesday&#8217;s pre-market amid reports of a deal with Broadcom Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
What Happened: The Wall Street Journal<a href="https://www.benzinga.com/markets/25/02/43761300/intel-could-be-split-in-two-as-broadcom-and-tsmc-explore-deals-trump-white-house-resists-foreign-ownership-report"> reported on Saturday </a>that Broadcom and Taiwan Semiconductor Manufacturing are contemplating bids for portions of the struggling chipmaker. The report states that Broadcom has been exploring Intel&#8217;s chip design and marketing operations, while TSMC, a contract chipmaker, has considered acquiring <a href="https://www.benzinga.com/markets/25/02/43685791/taiwan-semiconductor-could-be-the-lifeline-intel-needs-as-rumors-swirl-of-a-us-backed-joint-venture">some or all of Intel&#8217;s chip manufacturing facilities</a> through an investor consortium or a different arrangement.
Intel stock has been rising after a previous report stated that the <a href="https://in.benzinga.com/markets/equities/25/02/43753533/trump-administration-unlikely-to-support-tsmcs-control-of-intels-us-chip-factories-report">Trump administration is hopeful of TSMC</a> buying a 20% stake in Intel&#8217;s foundry services business as part of its Made in America plans. The investment could come in the form of a cash infusion or the provision of technology.
SEE ALSO: <a href="https://www.benzinga.com/25/02/43773352/stanley-druckenmiller-ditches-broadcom-ups-ante-on-big-tech">Billionaire Investor Stanley Druckenmiller Dumps Broadcom, Bets Big On Tesla, Amazon And Other Big Tech Stocks In Q4</a>
Why It Matters:&nbsp;Intel&#8217;s financial struggles have resulted in large-scale layoffs and dividend suspension. Despite a 16.7% year-to-date gain, Intel&#8217;s shares have plummeted&nbsp;nearly 47% over the past year&nbsp;amid worries over the chipmaker&#8217;s unclear turnaround strategy and its struggle to gain a larger share of the profitable AI market.
Investors turned optimistic after Vice President JD Vance at a recent AI conference in Paris stated that the Trump administration plans to implement measures ensuring AI chips are designed and produced in the U.S. 
The struggling chipmaker is currently looking for a new CEO and is working towards launching new products and achieving stable production using the 18A manufacturing process technology node.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/markets/25/02/43769996/what-does-warren-buffett-know-that-we-dont-investors-are-paying-attention">What Does Warren Buffett Know That We Don&#8217;t? Investors Are Paying Attention</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

INTC

Intel Jumps Over 5% In Tuesday Pre-Market As Deal Talks With Broadcom And TSMC Surface

Shares of GCL Global Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCL#NASDAQ">GCL</a>) rose sharply in today&#8217;s pre-<a href="https://www.benzinga.com/quote/GCL">market trading</a>.
GCL and RF Acquisition Corp. disclosed the successful completion of their business combination.
GCL Global shares jumped 107.1% to $6.13 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Energy Focus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFOI#NASDAQ">EFOI</a>) rose 70% to $2.21 in pre-market trading after gaining over 5% on Friday.</li>
<li>GlycoMimetics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLYC#NASDAQ">GLYC</a>) shares jumped 53.1% to $0.4442 in pre-market trading. GlycoMimetics and Crescent amended merger agreement.</li>
<li>Aditxt, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTX#NASDAQ">ADTX</a>) gained 30.1% to $0.0915 in pre-market trading after reporting financial and operational results for third quarter of fiscal year 2025.</li>
<li>Pagaya Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>) gained 23.3% to $18.95 in pre-market trading. Pagaya Technologies, last week, reported better-than-expected quarterly financial results.</li>
<li>TNL Mediagene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNMG#NASDAQ">TNMG</a>) gained 21.4% to $2.99 in pre-market trading after declining around 4% on Friday.</li>
<li>H&amp;E Equipment Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEES#NASDAQ">HEES</a>) gained 21.2% to $106.00 in pre-market trading.</li>
<li>Cloudastructure Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSAI#NASDAQ">CSAI</a>) shares climbed 18.7% to $22.61 in pre-market trading after dipping 49% on Friday.</li>
<li>Aptose Biosciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APTO#NASDAQ">APTO</a>) gained 17.8% to $0.2120 in pre-market. Aptose, last week, entered into $25 million committed equity facility and enters at-the-market distributions.</li>
<li>Grab Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NYSE">GRAB</a>) rose 14.3% to $5.60 in pre-market trading. Soros Fund Management dissolved share stake in Grab Holdings.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>ReShape Lifesciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RSLS#NASDAQ">RSLS</a>) shares fell 60.4% to $0.9199 in pre-market trading after the company reported the pricing of upsized $6.0 million public offering.</li>
<li>Design Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGN#NASDAQ">DSGN</a>) shares fell 50.7% to $2.01 in pre-market trading.</li>
<li>Northern Technologies International Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTIC#NASDAQ">NTIC</a>) dipped 37.5% to $7.00 in pre-market trading.</li>
<li>Matrix Service Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTRX#NASDAQ">MTRX</a>) fell 30.2% to $10.61 in pre-market trading.</li>
<li>European Wax Center, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWCZ#NASDAQ">EWCZ</a>) fell 27.7% to $5.31 in today's pre-market trading.</li>
<li>INLIF Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INLF#NASDAQ">INLF</a>) fell 26.4% to $12.02 in pre-market trading after jumping 81% on Friday.</li>
<li>MGO Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) shares tumbled 25.2% to $0.5370 in pre-market trading. MGO Global&#8217;s stockholders approved business combination with Heidmar.</li>
<li>National Energy Services Reunited Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NESR#NASDAQ">NESR</a>) declined 23.7% to $7.20 in pre-market trading.</li>
<li>LiveWire Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVWR#NASDAQ">LVWR</a>) fell 22.5% to $2.02 in pre-market trading.</li>
<li>Emerald Holding, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EEX#NYSE">EEX</a>) shares dipped 10.7% to $3.9100 in pre-market trading.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/02/43730195/top-3-defensive-stocks-that-may-collapse-in-q1">Top 3 Defensive Stocks That May Collapse In Q1</a></li>
</ul>

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Why GCL Global Holdings Shares Are Trading Higher By Around 107%; Here Are 20 Stocks Moving Premarket

Keefe, Bruyette &amp; Woods analyst Ryan Krueger maintains Brighthouse Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>) with a Market Perform and raises the price target from $60 to $66.

Brighthouse Financial, Inc. - Common Stock

Keefe, Bruyette & Woods Maintains Market Perform on Brighthouse Finl, Raises Price Target to $66

Establishes a new Global Capability Center in India to drive growth and deliver future-ready capabilities and services powered by Infosys Topaz

DLAKF

INFY

Infosys Partners With Lufthansa Group To Accelerate Digitalization, AI, And Sustainability In The Aviation Sector

NOAH

Noah's Wealth Management Platform ARK Releases H1 2025 CIO Report

Aurora Mobile's JPush Integrates DeepSeek To Enhance User Engagement

Macro Economic Events

Econ #s

Economics

Eurozone ZEW Economic Sentiment For February 24.2 Vs. 24.3 Est.; 18.0 Prior

Germany ZEW Economic Sentiment For February 26.0 Vs. 19.9 Est.; 10.3 Prior

BEST

Logistics Firm BEST Secures Shareholders' Authorization Of Merger Agreement

Germany ZEW Current Conditions For February -88.5 Vs. -90.0 Est.; -90.4 Prior

Former U.S. Secretary of Labor Robert Reich has called out the tax reduction plans of the Donald Trump-led administration in an X post, terming them as an &#8220;absolutely shameless giveaway,&#8221; that could shoot up the deficit by $4.6 trillion.
What Happened: The possible tax cuts for rich individuals and lower corporate tax rates are likely to widen the U.S. trade deficit, which the Trump 2.0 administration would most likely fund from the tariffs imposed on its trading partners.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump wants to extend his tax cuts for rich individuals, which would add $4.6T to the deficit. But he wants to go even further, cutting the corporate tax rate to 15%. It&#39;s yet another absolutely shameless giveaway. <a href="https://t.co/mkAWOFkkUd">pic.twitter.com/mkAWOFkkUd</a>
&mdash; Robert Reich (@RBReich) <a href="https://twitter.com/RBReich/status/1891623719304339516?ref_src=twsrc%5Etfw">February 17, 2025</a></blockquote>
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The data from the Center For American Progress Action Fund or CAPAF shows that cutting the corporate tax rate down to 15% would save all sectors and companies billions of dollars in tax.
<ul>
<li>Top 100 U.S. Companies: Can expect a total annual tax cut of $48 billion despite reporting $1.1 trillion in profits in their 2023 annual report.</li>
</ul>
<ul>
<li>Top 10 U.S. Companies: Reported more than $520 billion in profits according to their 2023 annual report can expect an annual tax cut of $23 billion. These include firms like Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Comcast Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), and JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>).</li>
</ul>
<ul>
<li>Oil: The five largest U.S. oil companies, including Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), Marathon Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>), Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>), and Valero Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>) will receive an estimated $2.2 billion annual tax cut, despite over $80 billion in profits.</li>
</ul>
<ul>
<li>Pharma: The five largest U.S. drug makers, Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>), Merck &amp; Co Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>), Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>), AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) and Bristol-Myers Squibb Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) will receive an estimated $3.1 billion annual tax cut, despite over $50 billion in profits.</li>
</ul>
<ul>
<li>Banking: The five largest Wall Street banks, JPMorgan Chase, Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) and Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) will receive an estimated $4.1 billion annual tax cut, despite nearly $113 billion in profits.</li>
</ul>
<ul>
<li>Grocery: The five largest grocery companies, Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>), Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>), Albertsons Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>), Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) and Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) will receive an estimated $1.7 billion annual tax cut, despite over $29 billion in profits.</li>
</ul>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43763438/trump-acting-like-a-mafia-don-says-this-economist-as-uncertainty-mounts-businesses-hold-back-in-fear-of-unforeseen-economic-shifts">Trump &#8216;Acting Like A Mafia Don,&#8217; Says This Economist As Uncertainty Mounts, Businesses Hold Back In Fear Of Unforeseen Economic Shifts</a>
Why It Matters: Trump has threatened all its trading partners with &#8220;reciprocal tariffs,&#8221; while already having implemented 25% on steel and aluminum imports.
According to economists like Craig Shapiro, who is a macro strategist at the Bear Traps Report, tariffs are the "<a href="https://www.benzinga.com/25/02/43587245/tariffs-are-the-only-way-to-fund-tax-cuts-without-deficit-expansion-argues-expert-as-it-takes-center-stage-in-donald-trumps-economic-plan">only way</a>" to fund tax cuts without expanding the federal deficit. 
Shapiro likened Trump&#8217;s governance to that of a &#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43763438/trump-acting-like-a-mafia-don-says-this-economist-as-uncertainty-mounts-businesses-hold-back-in-fear-of-unforeseen-economic-shifts">Mafia Don</a>,&#8221; saying businesses are now uncertain about the economy&#8217;s direction. He noted fading &#8220;initial euphoria&#8221; and a &#8220;wait-and-see&#8221; approach from business leaders due to unclear policies, tariffs, trade agreement uncertainty, and fluctuating government spending. &#8211;
Price Action: On Friday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) which track the S&amp;P 500 and Nasdaq 100 indices, closed mixed. SPY fell 0.0049% to a value of $609.7, and QQQ was up by 0.42% to end at a value of $538.15, according to Benzinga Pro data.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/02/43773441/ahead-of-gamestops-bitcoin-purchase-plans-blackrock-morgan-stanley-goldman-sachs-and-other-billion-dollar-funds-load-up-on-gme-stock-in-q4">Ahead Of GameStop&#8217;s Bitcoin Purchase Plans, BlackRock, Morgan Stanley, Goldman Sachs, And Other Billion Dollar Funds Load Up On GME Stock In Q4</a></li>
</ul>
Photo courtesy: Shutterstock

Government

Macro Notification

ABBV

CMCSA

COST

Trump's Tax Cut Could Add $4.6 Trillion To Deficit, With $48 Billion Tax Relief For Top 100 Firms: Robert Reich

U.K. Labour Productivity For Q3 -2.4% Vs. -0.8% Est.; -0.9% (Revised) Prior

If the Company cannot regain compliance by August 11, 2025, Nasdaq will issue a delisting determination. At that time, the Company may appeal such determination to a hearings panel of Nasdaq.
The Company intends to monitor the closing bid price of its Ordinary Shares and may, if appropriate, consider implementing available options to regain compliance with the Minimum Bid Price Requirement, including a reverse stock split (i.e., a share consolidation).

Globavend Secures Additional 180-Day Nasdaq Compliance Extension To Meet $1.00 Minimum Bid Price Requirement

Goldman Sachs analyst John Mackay initiates coverage on Venture Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VG#NYSE">VG</a>) with a Buy rating and announces Price Target of $29.

Initiation

Goldman Sachs Initiates Coverage On Venture Global with Buy Rating, Announces Price Target of $29

Fund manager Gary Black on Monday advised Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) investors to &#8220;limit the emotion&#8221; tied to the product and look at the stock analytically.
What Happened: &#8220;I love Starbucks but I wouldn&#8217;t own Starbucks stock,&#8221; Black said while urging Tesla investors who like the company&#8217;s products to look at the EV giant&#8217;s stock analytically with a &#8220;strong dose of discipline.&#8221;
According to The Future Fund Managing Partner, falling in love with the company&#8217;s product which causes them to fall for the stock is one of the biggest mistakes made by investors.
Relying on company management&#8217;s forecast on production instead of demand is another key mistake that many make, he said. &#8220;They rely on management's forecasts about production rather than demand, and assume winner take all and fail to consider likely competitive responses,&#8221; Black said in a post on social media platform X.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The two biggest mistakes I see investors make are: 1/ they fall in love with a product that causes them to fall in love with the stock; and 2/ They rely on management's forecasts about production rather than demand, and assume winner take all and fail to consider likely…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1891638760959349093?ref_src=twsrc%5Etfw">February 18, 2025</a></blockquote>
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Why It Matters: Black, however, is optimistic for Tesla himself. 
The company needs to show growth in delivery volumes while also demonstrating the superior capability of its full self-driving (FSD) driver assistance software, failing which the profit-earnings ratio will drop, Black said in another post. However, the fund manager is optimistic that the introduction of a new and cheaper Tesla vehicle in the first half with a new form factor will expand its total addressable market.
Black opined that the vehicle <a href="https://www.benzinga.com/markets/equities/25/01/43293219/teslas-30k-ev-risks-being-a-nothing-burger-says-gary-black-warns-of-cannibalization-without-a-new-compact-design">ought to be a hatchback</a> priced between $25,000 to $30,000 to expand the company&#8217;s market. <a href="https://www.benzinga.com/news/global/24/12/42259206/tesla-investor-gary-black-says-price-cuts-alone-wont-do-it-for-tesla-emphasizes-the-need-for-new-models-to-drive-2025-growth">Without a different form factor</a>, the new vehicle will only destroy earnings, he said. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/02/43772576/tesla-to-start-delivering-shanghai-made-refreshed-model-ys-next-week">Tesla&#8217;s Refreshed Model Y Rolls Off Shanghai Gigafactory, Deliveries To Start &#8216;Soon&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Analyst Color

TSLA

Tesla Bull Advises EV Giant Investors To Limit Emotion Tied To The Product: 'I Love Starbucks But I Wouldn't Own SBUX Stock'

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk, who serves on the Department of Government Efficiency (DOGE) under the President Donald Trump administration sparked a discussion about Social Security Administration (SSA) data accuracy on Tuesday, sharing statistics showing millions of Americans over 100 years old listed as alive in the system.
What Happened: University of Michigan economics professor Justin Wolfers provided context, citing a July 2023 SSA Inspector General audit report that identified approximately 18.9 million number holders born before 1920 without death information in their records.
The audit report revealed that 98% of these cases receive no payments, with the anomaly largely attributed to pre-electronic record-keeping era deaths. The SSA has declined previous recommendations to update these records, citing implementation costs between $5-10 million and limited benefit to current programs.
&#8220;Should government databases be cleaner? It&#8217;s a cost-benefit question,&#8221; Wolfers noted on X, suggesting the issue might not be a major concern given the low rate of active payments.
Musk, who shared age distribution data showing over 4.7 million individuals aged 100-109 in the system, responded with humor, referencing the &#8220;Twilight&#8221; vampire series and suggesting supernatural explanations for the longevity statistics.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">One thing I&#39;ve learned to do when I have questions about social security number holders who are age 100 or older is to look up the SSA Inspector General audit report, &quot;Numberholders Age 100 or Older Who Did Not Have Death Information on the Numident.&quot;<a href="https://t.co/AdWTV8eIPV">https://t.co/AdWTV8eIPV</a> <a href="https://t.co/PdCtdCIlsG">https://t.co/PdCtdCIlsG</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1891516202612060438?ref_src=twsrc%5Etfw">February 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/25/02/43771492/chuck-schumer-blasts-trump-faa-layoffs-after-delta-plane-overturns-on-landing-in-toronto-president-fired-safety-specialists">Chuck Schumer Blasts Trump FAA Layoffs After Delta Plane Overturns On Landing In Toronto: President Fired &#8216;Safety Specialists&#8217;</a>
Why It Matters: The discussion comes amid broader concerns about federal data management. The SSA has defended its position, arguing that updating non-beneficiary records would divert resources from current operations. The agency maintains that other entities can independently assess presumed death based on age.
The debate highlights ongoing challenges in modernizing legacy government systems while balancing resource allocation and operational priorities. Despite the apparent discrepancies, the audit confirms that actual improper payments remain minimal among these historical records.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/02/43771666/bitcoin-dogecoin-weak-ethereum-rebounds-amid-muted-investor-sentiment-eth-moving-to-cold-wallets-at-shocking-pace-a-positive-for-price-action-in-the-long-term">Bitcoin, Dogecoin Weak, Ethereum Rebounds Amid Muted Investor Sentiment: ETH Moving To Cold Wallets At &#8216;Shocking Pace&#8217; A Positive For Price Action In The Long-Term</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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