Jonathan Raa | Nurphoto | Getty ImagesPresident Donald Trump has two crypto-focused dinners on the calendar this month — one aimed at deep-pocketed political donors, the other at meme coin millionaires. Both are poised to help him rake in millions.The first event, a $1.5 million-per-plate fundraiser set for Monday, is among the most expensive ticketed dinners in presidential history. The second, on May 22, offers access to Trump’s inner circle not for cash — but for holders of the $TRUMP token.Hosted by MAGA Inc., the “Crypto & AI Innovators Dinner” on May 5 features special guest David Sacks — who…
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As the Trump administration slashes support to research institutions and threatens to freeze federal funding to universities like Harvard and Columbia, European leaders are offering financial help to U.S.-based researchers and hoping to benefit from what they are calling a “gigantic miscalculation.”“Nobody could imagine a few years ago that one of the great democracies of the world would eliminate research programs on the pretext that the word ‘diversity’ appeared in its program,” President Emmanuel Macron of France said on Monday.He was speaking at the Sorbonne University in Paris during an event called Choose Europe for Science that was organized by…
The recent pullback in Wendy’s shares could provide an enticing entry point for investors, according to JPMorgan. On Monday, the Wall Street investment bank upgraded shares of the burger chain to overweight from neutral, even while lowering its price target by $2 to $15. That still implies more than 19% upside from Friday’s close. The call comes as the fast food company’s shares have slumped in recent months, falling more than 36% in the past six months and more than 23% this year, underperforming the S & P 500, which has declined more than 1% and more than 3% in…
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023.Adam Jeffery | CNBCBill Ackman’s Pershing Square has agreed to invest $900 million in real estate company Howard Hughes, the companies announced Monday, as the billionaire hedge fund manager looks to follow in the footsteps of Warren Buffett.The deal involves Pershing Square buying 9 million newly issued shares of Howard Hughes for a total cost of $900 million. The purchase price of $100 per share is 48% above where the stock closed Friday, and puts Pershing’s stake in the company…
Friedrich Merz, leader of the Christian Democratic Union (CDU), signs the coalition contract between the CDU, the CDU’S Bavarian sister party, the Christian Social Union (CSU), and the German Social Democrats (SPD) on May 05, 2025 in Berlin, Germany.Maja Hitij | Getty Images News | Getty ImagesIncoming German Chancellor Friedrich Merz on Monday vowed reforms and new investments as the country’s centrist parties signed a coalition agreement and announced additional members of the cabinet.”Tomorrow you will get … a government that is determined to move Germany forwards with reforms and investment,” Merz said Monday ahead of the agreement being signed…
Check out the companies making headlines before the bell. Berkshire Hathaway — Warren Buffett’s conglomerate saw shares fall more than 1% in premarket after hitting a record high Friday. The decline came after Berkshire’s operating earnings fell 14% in the first quarter , driven by a 48.6% plunge in insurance-underwriting profit. Buffett also surprised shareholders by announcing at Saturday’s annual meeting his intention to step down as CEO by the end of the year. The board voted unanimously on Sunday to make Greg Abel president and CEO on Jan. 1, 2026 and for Buffett, 94, to remain as chairman. Streamers…
Here are Monday’s biggest calls on Wall Street: Jefferies reiterates Tesla as hold Jefferies said it’s standing by its hold rating on the stock. “TSLA is now regaining some tech initiative with June’s Robotaxi launch in Austin, but its edge may be scalability over technology as AV initiatives accelerate elsewhere. Having returned to a $1trn valuation, the shares give TSLA the benefit of the doubt on 152/107x 2025/26 PE.” Mizuho upgrades Bloom Energy to outperform from neutral Mizuho said in its upgrade of Bloom Energy that it sees an attractive risk/reward for the energy company. “We upgrade to Outperform as…
People watch as Berkshire Hathaway chairman Warren Buffett is seen on a screen speaking at the Berkshire Hathaway Inc annual shareholders’ meeting, in Omaha, Nebraska, U.S., May 3, 2025. Brendan McDermid | ReutersBerkshire Hathaway shares are hanging on solidly Monday as investors process Warren Buffett’s surprise announcement to step down and envision a new path for the conglomerate after his legendary 60-year run.Buffett, 94, picked the very last moment at Berkshire’s annual meeting in Omaha, Nebraska, to tell his loyal shareholders that it’s time for Greg Abel, vice chairman of non-insurance operations, to replace him as CEO. The board voted unanimously…
Hinge Health co-founders Gabriel Mecklenburg (left) and Daniel Perez (right).Courtesy of Hinge HealthAt digital physical therapy startup Hinge Health, CEO Daniel Perez used to recognize hard-working employees with the “Cockroach Award,” a distinction that brought with it a “cockroach squad” t-shirt and a cash payout.References to the insect were abundant at the company’s old headquarters in London, where a picture of a cockroach was prominently displayed on the wall. For much of Hinge’s 10-year history, the cockroach was the unofficial mascot. Staffers named it Flossy after the viral dance move “the floss.”Perez relishes the symbolism. In his determination to build…
It was Paris in the late 1950s, and Jean-Claude Silbermann knew where the Surrealists met every evening from 5 to 6 p.m. He waited outside Le Musset, a cafe between the Palais Royal and the Louvre, until André Breton — the writer and poet who led the fluctuating, anarchic group — emerged with about 15 of his acolytes.“I didn’t know how to do anything. I hadn’t even written any poems,” Silbermann, now 90, said. “It was ridiculous, but I went straight over to him and said: ‘You are André Breton. I am Jean-Claude Silbermann. I’m a Surrealist.” At the time,…
