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AMPRIUS TECHNOLOGIES INC

Amprius Technologies

Amprius Technologies Inc is engaged in the production of silicon anodes for high-energy-density lithium-ion batteries. The company develops, manufactures and markets lithium-ion batteries for mobility applications, including the aviation, electric vehicle (EV) and light electric vehicle (LEV) industries. The company's batteries are used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.

Federal Reserve Chair Jerome Powell responded to scrutiny over the central bank's multi-billion-dollar, multi-year renovation of its Washington, D.C. headquarters, emphasizing that the project is being managed responsibly, with no extravagant features or misuse of public funds.
What Happened: In a letter addressed <a href="https://www.federalreserve.gov/foia/files/vought-letter-20250717.pdf">to</a> the Office of Management and Budget Director Russell Vought, Powell said that the renovation of the Marriner S. Eccles Building and the 1951 Constitution Avenue Building was necessary, given their aging infrastructure, with both buildings built in the 1930s.
&#8220;Neither building has seen a comprehensive renovation since they were first constructed,&#8221; Powell says, noting that the project addresses &#8220;significant structural repairs&#8221; and updates &#8220;to make the buildings safe, healthy, and effective places to work.&#8221;
See Also: <a href="https://www.benzinga.com/markets/25/07/46384532/grant-cardone-says-jerome-powell-intentionally-set-middle-class-back-a-decade-and-froze-the-housing">Grant Cardone Says Jerome Powell Intentionally &#8216;Set Middle Class Back A Decade&#8217; And Froze the Housing Market — &#8216;Tell Me I&#8217;m Wrong&#8217;</a>
This, he says, includes the removal of asbestos and lead, and full replacement of antiquated electrical, plumbing, and HVAC systems.
Powell pushed back against allegations of excessive spending in his letter, alongside the criticism of its scope and extravagant design features. 
&#8220;There are no VIP dining rooms being constructed as part of the project,&#8221; he said, and &#8220;there are no special, private, or VIP elevators being constructed,&#8221; but he acknowledges that the initial design included new water features, which &#8220;have been eliminated,&#8221; he notes.
Why It Matters: Powell also highlighted the fact that the Federal Reserve Board voluntarily submitted its renovation plans to the National Capital Planning Commission, and has since received design approvals in 2020 and 2021. He also notes that the project has been under oversight, including regular audits and reporting to the Fed's independent inspector general.
&#8220;We take seriously the responsibility to be good stewards of public resources,&#8221; Powell says, adding that the project has been subject to budget approvals each year by board members, and that he&#8217;s since asked the Fed&#8217;s Inspector General to conduct a fresh review of the project.
This comes amid growing criticism of the Fed&#8217;s $2.5 billion headquarters renovation, with Vought himself attacking the central bank this week, saying that &#8220;the Palace of Versailles would have cost $3 billion in today's dollars,&#8221; to highlight the <a href="https://www.benzinga.com/news/politics/25/07/46361722/jerome-powell-has-grossly-mismanaged-says-russ-vought-as-fed-hq-renovation-costs-soar-to-2-5-billion-the-palace-of-versailles-would-have-cost-3-billion">extravagance of the project</a>.
Speculation continues to mount among allies of President Donald Trump that this controversy could be used as <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46454852/trump-fed-powell-odds-inflation-markets">grounds for terminating</a> Powell &#8220;for cause,&#8221; amid escalating tensions and months of public criticism.
Read More:
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<li><a href="https://www.benzinga.com/news/politics/25/07/46405212/trump-gets-faqd-by-powell-no-champagne-rooms-just-clearing-cancer-dust">Trump Gets FAQ&#8217;d By Powell—No Champagne Rooms, Just Clearing Cancer Dust</a></li>
</ul>
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Government

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News

Politics

Economics

Federal Reserve

Jerome Powell Defends $2.5 Billion Fed HQ Overhaul, Says 'No VIP Dining Rooms,' No Private Elevators As Trump Allies Slam Project Over Versailles-Style Excess

On Thursday, Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) said that it will be <a href="https://www.benzinga.com/news/entertainment/25/06/45978982/streaming-dethrones-tv-giants-netflix-youtube-lead-the-takeover">interested in partnering</a> with top YouTube creators—but only if their content aligns with the company's premium streaming standards and monetization model.
What Happened: During the <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46481193/netflix-q2-fueled-by-price-ads-squid-game-q3-set-to-repeat">company's second-quarter earnings</a> call, Wells Fargo analyst Steve Cahall asked whether Netflix sees an opportunity to bring YouTube stars exclusively to its platform, especially as YouTube currently leads in U.S. TV viewership share.
YouTube is a subsidiary of Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google.
In response, Netflix Co-CEO Ted Sarandos said, "We want to be in business with the best creatives on the planet, regardless of where they come from," adding that some are in Hollywood, others in Korea or India and some are creators on social media platforms.
Sarandos went on to add that while not all <a href="https://www.benzinga.com/25/01/43104552/youtube-vs-netflix-streamers-top-usage-leaderboard-in-december-sector-makes-more-gains-on-broadcast-and-cable">YouTube content is a fit</a> for Netflix, certain creators are already finding success.
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/previews/25/07/46453824/netflix-q2-earnings-preview-squid-game-lift-is-clear-but-whats-the-next-blockbuster" target="_blank" rel="noreferrer noopener">Netflix Q2 Earnings Preview: ‘Squid Game' Lift Is Clear—But What's The Next Blockbuster?</a>
Creators like Miss Rachel had 53 million views on Netflix in 2025, he said. "We're really excited about the Sidemen and pop the balloon and a wide variety of and video podcasters that might be a good fit for us."
Netflix, he added, offers unique advantages for creators: "phenomenal distribution, desirable monetization, brilliant discovery in our UI, and a hungry audience waiting to be entertained."
Co-CEO Greg Peters added that while competition is fierce—from streamers to video games to free content—Netflix is focused on quality. "Not all hours are created equal," he said.&nbsp;
"It is worth remembering there is about 80% of total TV view share that neither Netflix, Inc. or YouTube are winning right now," Peters added. To which, Sarandos followed up, saying, "The vast majority of our money and attention is focused on that 80%."
Why It's Important: Netflix posted second-quarter revenue of $11.08 billion, marking a 16% year-over-year increase. The figure surpassed the Street consensus estimate of $11.04 billion, according to <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0717">Benzinga Pro data</a>.
Netflix provided third-quarter guidance projecting revenue of $11.526 billion, a 17% increase year-over-year, and earnings per share of $6.87 — both topping Street expectations.
Additionally, the streaming giant raised its full-year revenue forecast to a range of $44.8 billion to $45.2 billion, up from its earlier estimate of $43.5 billion to $44.5 billion.
Price Action: Netflix shares have risen 43.69% year-to-date and are up 96.80% over the past 12 months. On Thursday, the stock advanced 1.91% during regular trading but dipped 1.86% in after-hours trading.
Benzinga's Edge Stock Rankings indicate that NFLX continues to show consistent upward momentum across short, medium and long-term periods. While its momentum score remains strong, its value rating trails behind. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance insights are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17233021/Screenshot-2025-07-18-at-8.57.51%E2%80%AFAM.png" alt="" class="wp-image-990668" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/news/entertainment/25/07/46425260/netflix-bets-womens-boxing-taylor-serrano-bout-pays-off" target="_blank" rel="noreferrer noopener">Netflix's Bet On Women's Boxing Pays Off: Here's How Many People Watched Taylor Vs. Serrano</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: marekfromrzeszow / Shutterstock.com

Entertainment

Equities

Markets

Tech

Media

GOOG

GOOGL

NFLX

Netflix Courts YouTube Stars To Feed Its 'Hungry Audience Waiting To Be Entertained' — Co-CEO Ted Sarandos Hints At Premium Platform Edge Amid Creator Gold Rush

The bid to set clear working rules for the cryptocurrency industry in the U.S. got a booster pill Thursday as the House of Representatives <a href="https://www.benzinga.com/crypto/25/07/46480331/the-us-just-took-a-big-step-toward-crypto-regulation-heres-what-the-clarity-act-actually-says">passed key pieces of legislation.</a>
The passage was cheered by the cryptosphere and top officials of the Trump administration.
What happened: SEC Chair Paul Atkins deemed the passage of the GENIUS Act, also known as the stablecoin bill, a "historic milestone" for crypto entrepreneurs and market participants.&nbsp;
"I look forward to watching the market leverage the regulatory framework provided by the GENIUS Act to go to market with payment stablecoin solutions that make transactions quicker, cheaper, and safer," Atkins said in a statement.
Brian Armstrong, CEO of America&#8217;s largest cryptocurrency exchange, Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), described the development as &#8220;huge&#8221; and stated that the industry is &#8220;incredibly close to having a clear regulatory framework.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Huge! GENIUS ready to be signed into law. CLARITY heading the senate next. We are getting incredibly close to finally having clear rules for crypto to grow this industry in the United States of America. <a href="https://t.co/8Bv23pcJAX">https://t.co/8Bv23pcJAX</a>
&mdash; Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1945945103085998581?ref_src=twsrc%5Etfw">July 17, 2025</a></blockquote>
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Jeremy Allaire, co-founder and CEO of the newly listed stablecoin-issuing company, Circle Internet Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>), commended Congress for showing strong bipartisan support to pass an "enormously significant" piece of legislation.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It&#39;s truly extraordinary to see the US Congress come together in a very strong bi-partisan manner to deliver an enormously significant piece of legislation that will unleash American technology innovation to build the new internet financial system. Tomorrow will make history.
&mdash; Jeremy Allaire &#8211; jda.eth / jdallaire.sol (@jerallaire) <a href="https://twitter.com/jerallaire/status/1945960426967105600?ref_src=twsrc%5Etfw">July 17, 2025</a></blockquote>
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Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) CEO Vlad Tenev said it's "a good day for innovation" in America, taking a step closer to making cryptocurrency the backbone of the financial system.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It&#39;s a good day for innovation in America. A federal framework for stablecoins gets us one step closer to making crypto the backbone of the global financial system. By enabling faster payments and streamlining settlement, the U.S. now has the opportunity to lead. &#x1f1fa;&#x1f1f8; <a href="https://t.co/KJtsOBmFKW">https://t.co/KJtsOBmFKW</a>
&mdash; Vlad Tenev (@vladtenev) <a href="https://twitter.com/vladtenev/status/1945942543906271350?ref_src=twsrc%5Etfw">July 17, 2025</a></blockquote>
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See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46424764/trump-wishes-bitcoin-ethereum-xrp-happy-crypto-week-it-is-all-part-of-make-america-great-again">Trump Wishes Bitcoin, Ethereum, XRP &#8216;Happy Crypto Week!&#8217; — &#8216;It Is All Part Of Make America Great Again&#8217;</a>
Meanwhile, economist and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) critic Peter Schiff suggested potential corruption in the passage of the bills.
"Power corrupts. And in Congress, money buys it. There's no better display than crypto week, where Bitcoin whales paid off key members to dress their digital pyramid scheme in a cloak of legitimacy," he said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Power corrupts. And in Congress, money buys it. There's no better display than crypto week, where Bitcoin whales paid off key members to dress their digital pyramid scheme in a cloak of legitimacy, to further exploit the public's greed and ignorance for their personal gain.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1945858950508802536?ref_src=twsrc%5Etfw">July 17, 2025</a></blockquote>
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Why It Matters: The House voted for three bills on Thursday. The GENIUS Act, which has <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45989307/senate-passes-genius-act-coinbases-brian-armstrong-calls-it-big-milestone-scott-bessent-says-passage-could-drive-stablecoins-into-a-3-7-trillion-market">already passed the Senate</a>, aims to establish the first regulatory framework for issuers of dollar-pegged stablecoins such as Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) and USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>). It is set to arrive on President Donald Trump's desk soon.
The CLARITY Act, which proposes to <a href="https://www.benzinga.com/25/05/45213365/maxine-waters-to-obstruct-cryptocurrency-hearing-plans-shadow-hearing-instead">split cryptocurrency oversight</a> between the SEC and the CFTC, also sailed through and will now proceed toward the Senate.
Lastly, the lower chamber passed the Anti-Central Bank Digital Currency bill, which will prevent the Federal Reserve from issuing a centrally controlled digital dollar.
The bills passed, but not <a href="https://www.benzinga.com/news/politics/25/07/46458679/trump-backed-crypto-bills-stalled-again-in-house-of-representatives-marjorie-taylor-greene-holds-out-on-cbdc-ban-will-not-vote-for-this">before a bumpy ride</a>, thanks to disagreements between House Republicans that forced Trump to intervene.
Concerns over <a href="https://www.benzinga.com/news/politics/25/07/46459302/elizabeth-warren-says-trump-backed-genius-clarity-bills-dont-address-his-corruption-or-stop-terrorists-from-using-crypto-to-blow-up-our-entire-economy">Trump-backed ventures and a potential conflict of interest</a> have heightened scrutiny of the bills, with senior Democrat Sen. Elizabeth Warren (D-Mass.) among the most vocal opponents.
Photo Courtesy: PeopleImages.com &#8211; Yuri A on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46448779/inside-trumps-oval-office-crypto-push-why-did-11-republicans-suddenly-change-their-vote">Inside Trump&#8217;s Oval Office Crypto Push: Why Did 11 Republicans Suddenly Change Their Vote?</a></li>
</ul>

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US House Passes Crucial Crypto Bills — From SEC Chair Paul Atkins To Coinbase CEO Brian Armstrong, Here's How Everyone Reacted

President Donald Trump has been diagnosed with chronic venous insufficiency after experiencing mild swelling in his lower legs, according to a White House medical memorandum released Thursday by Navy Captain Sean Barbabella, the physician to the president.
What Happened: The 79-year-old president underwent comprehensive vascular studies, including bilateral lower extremity venous Doppler ultrasounds, which revealed the age-related circulatory condition. Barbabella emphasized the diagnosis is &#8220;benign and common, particularly in individuals over the age of 70.&#8221;
The medical evaluation found no evidence of deep vein thrombosis or arterial disease. Laboratory testing including complete blood count, comprehensive metabolic panel, and cardiac biomarkers returned normal results. An echocardiogram confirmed normal cardiac structure and function with no signs of heart failure or renal impairment.
The health update comes amid heightened scrutiny of Trump&#8217;s physical condition following his <a href="https://www.benzinga.com/news/politics/25/06/45939117/tanks-helicopters-and-a-parade-inside-donald-trumps-over-the-top-79th-birthday-bash">recent 79th birthday celebration</a> featuring a $45 million military parade in Washington D.C. that drew 200,000 attendees. The event coincided with nationwide &#8220;No Kings&#8221; Day protests criticizing the administration&#8217;s use of executive authority.
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46483170/voters-want-third-party-option-but-77-say-not-so-much-to-elon-musk-while-trump-approval-at-44">Voters Want Third Party Option, But 77% Say &#8216;Not So Much&#8217; To Elon Musk, While Trump Approval At 44%</a>
Why It Matters: Recent photographs showing minor bruising on Trump&#8217;s hand were attributed to frequent handshaking and aspirin use for cardiovascular prevention, according to the medical report. The physician noted this represents a &#8220;well-known and benign side effect of aspirin therapy.&#8221;
The diagnosis follows former President Joe Biden&#8216;s recent prostate cancer announcement in May, which prompted Trump to express sympathy on Truth Social. Biden, 82, was <a href="https://www.benzinga.com/25/05/45485704/joe-biden-diagnosed-with-advanced-prostate-cancer-trump-wishes-former-president-a-fast-and-successful-recovery">diagnosed with Stage 4 hormone-sensitive prostate cancer</a> that had metastasized to his bones.
Trump&#8217;s medical team concluded he &#8220;remains in excellent health&#8221; despite the circulatory condition. Chronic venous insufficiency typically involves weakened vein valves that impair blood flow back to the heart, causing fluid accumulation in the lower extremities.
Read Next: 
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46475554/why-is-donald-trump-ignoring-elon-musks-call-for-phase-2-of-the-epstein-files">Why Is Donald Trump Ignoring Elon Musk&#8217;s Call For &#8216;Phase 2&#8217; Of The Epstein Files?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Jonah Elkowitz from Shutterstock

Health Care

Events

General

Trump Diagnosed With Chronic Venous Insufficiency, A Common Circulatory Condition In Over-70s, White House Says He's 'In Excellent Health'

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) shareholders ended a <a href="https://www.benzinga.com/news/legal/25/07/46458910/meta-shareholders-sue-mark-zuckerberg-peter-thiel-for-8-billion-over-privacy-violations-linked-to-cambridge-analytica-scandal">landmark $8 billion lawsuit</a> against Mark Zuckerberg and several current and former executives on Thursday, reaching a surprise settlement just as the high-profile privacy trial was set to enter its second day.
What Happened: The surprise settlement was announced Thursday morning by the plaintiffs' lawyer without disclosing terms. Delaware Judge Kathaleen McCormick adjourned the trial, reported Reuters.&nbsp;
The case, heard in Delaware's Court of Chancery, accused Zuckerberg, Sheryl Sandberg, Marc Andreessen, Peter Thiel and others of allowing repeated violations of Facebook users' privacy, which led to billions in regulatory fines, including a record-setting $5 billion penalty from the Federal Trade Commission in 2019.
See Also: <a href="https://www.benzinga.com/insights/news/25/07/46394931/heres-how-much-you-would-have-made-owning-meta-platforms-stock-in-the-last-10-years">Here&#8217;s How Much You Would Have Made Owning Meta Platforms Stock In The Last 10 Years</a>
Shareholders claimed the board failed to oversee compliance with a 2012 FTC agreement that required Facebook to protect user data.
The case was built around so-called Caremark claims, a rare and difficult legal theory under Delaware law that seeks to hold directors liable for oversight failures.
Why It's Important: The settlement allows Zuckerberg and other defendants to avoid public testimony. Zuckerberg was <a href="https://www.benzinga.com/markets/tech/25/07/46391634/mark-zuckerberg-expected-to-appear-as-star-witness-in-8-billion-trial-over-alleged-privacy-violations">expected to take the stand on Monday</a>, with Sandberg and others, including Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) co-founder Reed Hastings and Palantir Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) co-founder Peter Thiel, scheduled to testify later.
The case marked the first time Caremark claims reached trial, with the potential to set a precedent for board accountability in data privacy governance. By settling, the plaintiffs avoid a difficult legal battle, while Meta's leadership sidesteps deeper public scrutiny <a href="https://www.benzinga.com/media/18/10/12440084/why-facebooks-recent-hack-is-much-worse-than-cambridge-analytica">over its role in the</a> Cambridge Analytica scandal.
Critics, however, say the settlement is a missed opportunity for transparency, the report added. It is pertinent to note that Meta was not a defendant in the case.
Price Action: Meta stock dipped 0.21% on Thursday, closing at $701.41, but edged up 0.18% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings show that META maintains steady upward momentum across short, medium and long-term periods. Its growth metrics remain robust, though the stock's value rating is comparatively weaker. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance data is available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17220915/Screenshot-2025-07-18-at-7.37.44%E2%80%AFAM.png" alt="" class="wp-image-990643" /></a></figure>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46434602/mark-zuckerbergs-meta-poaches-top-openai-researchers-jason-wei-and-hyung-won-chung-for-its-superintelligence-lab-report" target="_blank" rel="noreferrer noopener">Mark Zuckerberg's Meta Poaches Top OpenAI Researchers Jason Wei And Hyung Won Chung For Its Superintelligence Lab: Report</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

Legal

PLTR

Mark Zuckerberg, Peter Thiel And Meta Board Dodge Courtroom Showdown As Shareholders Abruptly Settle $8 Billion Privacy Lawsuit

Economist Paul Krugman believes that Elon Musk&#8217;s Grok AI chatbot became &#8220;MechaHitler&#8221; because the latter tried to make the AI less &#8220;politically correct.&#8221;
What Happened: On Thursday, Krugman weighed in on the recent controversy <a href="https://paulkrugman.substack.com/p/the-road-to-mechahitler">in</a> his Substack newsletter, saying that he understands why xAI&#8217;s chatbot began spewing antisemitic propaganda, eventually calling itself &#8220;MechaHitler,&#8221; leading to <a href="https://www.benzinga.com/markets/tech/25/07/46460070/elon-musks-xai-faces-industry-backlash-over-reckless-ai-safety-practices-as-regulatory-scrutiny-intensifies">significant industry backlash</a>.
&#8220;Although I don't claim any expertise in the technology, I think I understand why he's having such a hard time fixing the problem,&#8221; Krugman said.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46407317/elizabeth-warren-rips-pentagon-deal-with-elon-musks-xai-days-after-company-apologized-for-groks-horrific-behavior-what-could-possibly-go-wrong">Elizabeth Warren Rips Pentagon Deal With Elon Musk&#8217;s xAI Days After Company Apologized For Grok&#8217;s &#8216;Horrific&#8217; Behavior: &#8216;What Could Possibly Go Wrong?&#8217;</a>
According to him, the AI began veering into dangerous territory following Musk&#8217;s push to make it less &#8220;politically correct.&#8221; He says, &#8220;Musk tried to nudge Grok into being less ‘politically correct,' but what Musk considers political correctness is often what the rest of us consider just a reasonable description of reality.&#8221;
Krugman ties Musk's AI troubles to a broader critique of right-wing ideology, such as the Make America Great Again (MAGA) movement's rejection of mainstream consensus on issues like climate change and tax policy.
&#8220;To be a conservative in good standing, you have to deny reality, which was true even then and is far more true now,&#8221; Krugman wrote, referencing a quote from comedian Stephen Colbert that &#8220;reality has a well-known liberal bias.&#8221;
In the end, Krugman suggests that the problems aren&#8217;t with the models themselves, but the ideology that is trying to reshape them. &#8220;There isn't any way to make an AI MAGA-friendly without also making it vile and insane,&#8221; he says.
Why It Matters: This isn&#8217;t the first time that xAI&#8217;s Grok has found itself at the center of controversy in recent years. Nearly two months ago, Rep.&nbsp;Marjorie Taylor Greene&nbsp;(R-Ga.) accused it of <a href="https://www.benzinga.com/general/social-media/25/05/45600798/mtg-picks-a-fight-with-elon-musks-ai-chatbot-grok-is-left-leaning-and-continues-to-spread-fake-news-and-propaganda">being &#8220;left-leaning&#8221;</a> and propagating &#8220;fake news&#8221; and &#8220;propaganda.&#8221;
A year ago, the tool generated images of political figures and celebrities that <a href="https://www.benzinga.com/news/24/08/40389015/elon-musks-grok-ai-chatbot-creates-controversy-by-allowing-users-to-generate-no-filter-images-includ">drew criticism over safety concerns</a>.
This comes as the company launched its <a href="https://www.benzinga.com/markets/tech/25/07/46335602/elon-musk-s-xai-launches-grok-4-with-phd-level-ai-debuts-in-300-month-supergrok-tier">&#8220;SuperGrok Heavy&#8221; model</a> last week, with a price tag of $300 per month, which Musk claims achieves &#8220;PhD levels in every subject&#8221; with &#8220;no exceptions.&#8221;
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46407767/elon-musks-xai-launches-grok-for-government-after-winning-200-million-pentagon-contract">Elon Musk&#8217;s xAI Launches &#8216;Grok For Government&#8217; After Winning $200 Million Pentagon Contract</a></li>
</ul>
Photo Courtesy: JRdes on Shuttertsock.com

Elon Musk's Grok Became 'Vile' And 'Insane' After MAGA Pivot, Says Economist Paul Krugman

Leading cryptocurrencies rose on Thursday as the House of Representatives passed crucial bills aimed at ending regulatory ambiguity in the industry.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:20 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+0.50%</td>
<td>$119,524.79</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.52%</td>
<td>$3,477.42</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.40%</td>
<td>$0.2192</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin nearly reclaimed $121,000 in the evening before pulling back to the $119,000 zone. An overnight surge, however, pushed the apex coin back above $120,000, 2.22% short of its record high.
Ethereum also broke past $3,500 to hit an eight-month high, extending a winning run that has returned its holders more than 42% in the past month.&nbsp;
Bitcoin's dominance fell to 61%, while Ethereum's market share surged past 11% for the first time since January.
The House <a href="https://www.benzinga.com/crypto/25/07/46480331/the-us-just-took-a-big-step-toward-crypto-regulation-heres-what-the-clarity-act-actually-says">passed key cryptocurrency bills</a>, including the GENIUS Act, which now heads to President Donald Trump's desk, and the CLARITY Act, which will proceed to the Senate.&nbsp;
Meanwhile, cryptocurrency liquidations hit $607 million in the last 24 hours, with bearish bets accounting for more than half of them.
Bitcoin's open interest rose by 1.15% in the last 24 hours, while Ethereum recorded a 6.16% spike. The "Greed" sentiment prevailed in the market, according to the Crypto Fear &amp; Greed Index.
Top Gainers (24 Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:20 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Hedera (HBAR)</td>
<td>+23.26%</td>
<td>$0.2898</td>
</tr>
<tr>
<td>Flare (FLR)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+19.21%</td>
<td>$0.02182</td>
</tr>
<tr>
<td>XRP (XRP)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+18.76%</td>
<td>$3.64 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.79 trillion, following a 2.24% increase in the last 24 hours.
Stocks ascended to record levels on Thursday. The Dow Jones Industrial Average jumped 229.71 points, or 0.52%, to end at 44,254.78. The S&amp;P 500 rose 0.54% to close at a new record of 6,297.36. The tech-heavy Nasdaq Composite gained 0.57%, also experiencing a record close of 20,885.65.
Investors parsed the latest data on retail sales. June numbers <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46467952/us-retail-sales-june-2025-fed-trump-inflation-consumer">exceeded forecasts</a>, climbing 0.6% month-on-month after two consecutive decreases, indicating the resilience of the U.S. economy despite tariff-related pressures.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst and trader Ali Martinez highlighted the possibility of Bitcoin rallying toward $132,000 if it records a daily close above $121,000.
<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">A daily close above $121,000 could pave the way for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> to rally toward $132,000! <a href="https://t.co/MOI30wi3BQ">pic.twitter.com/MOI30wi3BQ</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1945970768627867907?ref_src=twsrc%5Etfw">July 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Blockchain analytics firm CryptoQuant noted that the unrealized profit of short-term holders was around 15%, far from the 35% threshold that has historically triggered profit-taking behavior.
"As a result, there is still room for BTC to rise by approximately 20% to 25% before hitting that critical MVRV threshold again," CryptoQuant said.&nbsp;
<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">STH MVRV Signals More Upside Ahead for BTC "Every time the STH MVRV has reached around 1.35, it has triggered profit-taking behavior… There is still room for BTC to rise by approximately 20% to 25% before hitting that critical MVRV threshold again." – By <a href="https://twitter.com/Darkfost_Coc?ref_src=twsrc%5Etfw">@Darkfost_Coc</a> <a href="https://t.co/HPNehg5EJ8">pic.twitter.com/HPNehg5EJ8</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1945737091565994045?ref_src=twsrc%5Etfw">July 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46469259/a-dogecoin-treasury-company-bit-origin-plans-to-raise-500-million-to-do-just-that">A Dogecoin Treasury Company? Bit Origin Plans To Raise $500 Million To Do Just That</a></li>
</ul>
Photo Courtesy: PV productions on Shutterstock.com

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Rise As Crucial Crypto Bills Sail Through The US House: Analytics Firm Sees 20%-25% Upside For BTC Before Profit-Taking Kicks In

&nbsp;On July 17, 2025, Telomir Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TELO#NASDAQ">TELO</a>) reported new preclinical results evaluating the effects of its lead candidate, Telomir-1, &nbsp;in a murine xenograft model using PC3 human prostate cancer cells. The data demonstrated that Telomir-1 reversed epigenetic silencing by DNA methylation of the STAT1 gene, a tumor suppressor and immune response regulator, in a dose-dependent manner. &nbsp;

TELO

Telomir Pharmaceuticals Announced Earlier, Data Show Telomir-1 Reverses Epigenetic Gene Silencing of STAT1, Restoring Tumor Suppressor in Human Prostate Cancer Cells, Outperforming Chemotherapy and Rapamycin

After totaling his car, a Reddit user jumped back into the <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46324594/used%E2%80%91car-boom-prices-supercharging-carvana-autonation-stocks">used car market</a> hoping to find a decent replacement. What he found instead was sticker shock.
<h2 class="wp-block-heading">Prices For High-Mileage Cars Are Up. Way Up.</h2>
In a <a href="https://www.reddit.com/r/UsedCars/comments/1ly1eni/this_market_is_ridiculous/">post</a> titled &#8220;This Market Is Ridiculous,&#8221; the buyer recalled buying a 2006 Cadillac CTS with 64,000 miles back in 2012 for just $6,000. Now, more than a decade later, he's seeing base-model 2016 Honda Civics with 80,000 miles listed for $15,000, barely less than their original manufacturer's suggested retail price.
&#8220;So you&#8217;re telling me that car only lost $3,000 to $4,000 over 10 years and 100K miles? Get out of here!&#8221; he wrote. &#8220;There are no more starter cars that are safe, reliable, with less than 100K [miles] that are affordable anymore.&#8221;
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He's not alone in that sentiment. Hundreds of commenters chimed in, sharing their own frustrations about a market where decade-old cars with over 150,000 miles are still commanding $10,000 or more.
One user said they saw a &#8220;stock good condition late &#8217;90s Toyota just shy over 300k miles for $18k.&#8221; Another added, &#8220;Every time I save enough for an all-cash purchase, the prices go up and the quality of used cars in my price range goes down.&#8221;
<h2 class="wp-block-heading">COVID, Inflation And A Crushed Supply</h2>
Many in the thread blamed the inflated prices on the long-term effects of COVID-19. Factory shutdowns and chip shortages slashed new car production, which reduced future used car supply. Several commenters also pointed to the lingering impact of the 2009 &#8220;Cash for Clunkers&#8221; program, which removed hundreds of thousands of older vehicles from circulation.
&#8220;Covid was arguably worse because there was no replenishment supply due to supply chain issues,&#8221; one person explained. &#8220;Now the market for cars from the last decade are all 100K+ miles and largely still 5 figures.&#8221;
Trending: $100k+ in investable assets? <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes</a> – no cost, no obligation.
Others mentioned inflation and the devaluation of the dollar as culprits. &#8220;The price of vehicles hasn&#8217;t gone up, the value of the dollar has gone down,&#8221; one commenter argued. Another quipped, &#8220;$5,000 is the new $10,000.&#8221;
On top of that, President Donald Trump&#8216;s 25% auto tariffs are now <a href="https://www.benzinga.com/markets/tech/25/07/46314078/used-car-prices-see-biggest-surge-since-2022-as-trump-tariffs-shake-auto-market-report">shaking the market</a> even more. The Manheim Index, a key measure of used vehicle prices, surged 1.6% in June from May and is up 6.3% year-over-year—the sharpest rise since 2022, according to <a href="https://site.manheim.com/en/services/consulting/used-vehicle-value-index.html">Cox Automotive</a>.
&#8220;Tariffs really impacted new sales and supply, which impacted the used marketplace as well,&#8221; said Jeremy Robb, Cox Automotive's senior director of economic and industry insights. With fewer off-lease vehicles returning to the market, prices are staying elevated.
<h2 class="wp-block-heading">When Used Costs Nearly As Much As New</h2>
Several buyers reported skipping the used market entirely. &#8220;I said I&#8217;d &#8216;never&#8217; buy new,&#8221; one person wrote. &#8220;Maybe $7k less than new with 30-40K miles on it was all I could find a few years ago. Guess who bought new???&#8221;
See Also: This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — <a href="https://www.benzinga.com/money/finally-a-fully-automated-trading-platform-for-individual-investors?">You Can Become an Investor for Just $500.25</a>
Financing was also a factor. As <a href="https://www.benzinga.com/personal-finance/25/01/43074274/dave-ramsey-warns-asking-how-much-a-month-could-cost-you-10000-extra-on-your-car-purchase">interest rates on used car loans</a> hit double digits, many found that new vehicles offered better terms and warranties for a slightly higher sticker price. One buyer said they leased a new car for $20 more per month than a used one with 30,000 miles.
<h2 class="wp-block-heading">Deals Are Rare And Private Sales Are Competitive</h2>
A few commenters shared success stories, but they were often the result of aggressive searching, luck, or knowing the right people. One person scored a 2012 car for $800. Another found a 2006 Corolla in a small town 60 miles outside their metro area from a single-owner seller with full maintenance records.
Others gave up entirely. One parent said they paid $12,000 for a car with a $7,000-$8,000 value, only to have the engine blow within a year. The mechanic advised them to part it out. &#8220;It HURTS,&#8221; they wrote.
The original poster summed it up: &#8220;Honestly, can't justify spending my hard-earned money on purchasing a used car right now.&#8221;
Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $10.</a>
Image: Shutterstock

Personal Finance

A Used Car Buyer Is Baffled By Prices, Says There Are No More Affordable Safe And Reliable Starter Cars With Less Than 100K Miles

<a href="https://www.bloomberg.com/news/articles/2025-07-17/meta-hires-two-key-apple-ai-experts-after-poaching-their-boss?taid=68798bf3f71ade000190df83&amp;utm_campaign=trueanthem&amp;utm_content=business&amp;utm_medium=social&amp;utm_source=twitter&amp;sref=XIUS5d6L&amp;embedded-checkout=true" title="https://www.bloomberg.com/news/articles/2025-07-17/meta-hires-two-key-apple-ai-experts-after-poaching-their-boss?taid=68798bf3f71ade000190df83&amp;utm_campaign=trueanthem&amp;utm_content=business&amp;utm_medium=social&amp;utm_source=twitter&amp;sref=XIUS5d6L&amp;embedded-checkout=true">https://www.bloomberg.com/news/articles/2025-07-17/meta-hires-two-key-apple-ai-experts-after-poaching-their-boss?taid=68798bf3f71ade000190df83&amp;utm_campaign=trueanthem&amp;utm_content=business&amp;utm_medium=social&amp;utm_source=twitter&amp;sref=XIUS5d6L&amp;embedded-checkout=true</a>

AAPL

Bloomberg Reported Meta Hires Mark Lee, Tom Gunter, Two Key Apple AI Experts After Poaching Their Boss

MLGO

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

CREG

Insulet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>) has outperformed the market over the past 10 years by 12.88% on an annualized basis producing an average annual return of 24.39%. Currently, Insulet has a market capitalization of $19.95 billion. 
Buying $1000 In PODD: If an investor had bought $1000 of PODD stock 10 years ago, it would be worth $8,969.94 today based on a price of $283.45 for PODD at the time of writing.
<h3>Insulet's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752795912_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

PODD

$1000 Invested In Insulet 10 Years Ago Would Be Worth This Much Today

Orla Mining (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ORLA#AMEX">ORLA</a>) has outperformed the market over the past 5 years by 13.55% on an annualized basis producing an average annual return of 27.63%. Currently, Orla Mining has a market capitalization of $3.72 billion. 
Buying $1000 In ORLA: If an investor had bought $1000 of ORLA stock 5 years ago, it would be worth $3,677.28 today based on a price of $11.45 for ORLA at the time of writing.
<h3>Orla Mining's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752795012_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ORLA

$1000 Invested In Orla Mining 5 Years Ago Would Be Worth This Much Today

The <a href="https://www.benzinga.com/news/politics/25/06/46091456/trump-made-europepay-in-a-big-way-nato-chief-lauds-role-in-boosting-defense-spending">NATO</a> Innovation Fund<a href="https://www.globenewswire.com/news-release/2025/06/30/3107673/0/en/Portal-Biotech-Raises-35-Million-Series-A-Leveraging-AI-to-Deliver-the-World-s-First-Full-Length-Single-Molecule-Protein-Sequencer.html"> has co-led</a> a $35 million Series A round into Portal Biotech, a U.K.-based life sciences startup that claims it has developed the world's first platform for full-length, single-molecule protein sequencing.
This marks the fund's first investment in a biotechnology firm and signals a strategic move to boost <a href="https://www.benzinga.com/25/04/45032800/global-defense-budgets-surge-to-27-trillion-as-europe-and-middle-east-lead-steepest-increase-since-cold-war-report">global defense</a> against future biological threats,<a href="https://www.reuters.com/sustainability/climate-energy/nato-fund-backs-biotech-startup-push-counter-biological-threats-2025-06-30/"> Reuters</a> says. Portal Biotech was founded in 2021 by Andy Heron and Giovanni Maglia, according to the company's <a href="https://www.portalbiotech.com/">website</a>. The following year, after the Russian invasion of Ukraine, the NATO Innovation Fund was launched with plans to invest more than $1 billion into cutting-edge defense technologies, Reuters reports. The fund is backed by 24 NATO member nations, including the U.S., U.K., Germany, Italy, and France, according to the NATO Innovation Fund&#8217;s <a href="https://www.nif.fund/about/">website</a>.
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According to Portal Biotech, its technology allows rapid, on-site protein sequencing without the need for large labs or long turnaround times, offering a real-time advantage in identifying both known and engineered pathogens.
According to Ana Bernardo-Gancedo, senior associate at the NATO Innovation Fund, the technology could play a defining role in future biosecurity efforts across Allied nations. "Portal Biotech's ability to characterise proteins at the molecular level onsite anywhere could help detect engineered biological threats faster and more accurately — crucial in defending against biowarfare and preparing us for the next pandemic, boosting the resilience of Allied nations for generations to come," Bernardo-Gancedo said in the statement.
<h2 class="wp-block-heading">Why This Breakthrough Could Be the Key to Precision Medicine and Pandemic Prevention</h2>
Portal Biotech's breakthrough positions it as a leading innovator in the race to unlock what many in the life sciences field have called the "holy grail" of proteomics: full-length, single-molecule protein sequencing.
Trending: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — <a href="https://www.benzinga.com/money/americans-spend-1000-per-year-on-plastic-water-bottles-kara-pod-gives-you-clean-drinking-water-by-pulling-moisture-from-the-air">And You Can Invest At Just $6.37/Share</a>
According to the company, the ability to read intact proteins at this level of detail, without breaking them into fragments, has never been achieved before and holds the potential to reshape drug discovery, diagnostics, and biological research. Portal Biotech says its technology addresses long-standing blind spots in how proteins are analyzed, offering a new level of accuracy, speed, and accessibility for labs worldwide.
Legacy methods like mass spectrometry slice proteins into fragments, often losing critical information about protein modifications and functions, Portal Biotech says. The startup's benchtop instruments aim to provide full-length sequencing at the single-molecule level, maintaining the integrity of the protein data while significantly cutting costs and time.
Portal Biotech CEO Andy Heron said in the statement that the startup's AI-enhanced sequencing tools will allow researchers to monitor the proteome with unmatched accuracy and speed. &#8220;These powerful advances are essential for accelerating drug discovery and enhancing diagnostic precision, positioning Portal Biotech as the frontrunner in the race to unlock the full potential of protein sequencing,&#8221; he added.&nbsp;&nbsp;
The company expects its platform to not only accelerate go-or-no-go decisions in drug pipelines but also to enable portable, field-level surveillance tools for pandemic and biowarfare preparedness.
See Also: This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — <a href="https://www.benzinga.com/money/finally-a-fully-automated-trading-platform-for-individual-investors?">You Can Become an Investor for Just $500.25</a>
<h2 class="wp-block-heading">NATO, Earlybird, and Big-Name VCs Line Up to Back Portal Biotech's Bold Play</h2>
Portal Biotech says the $35 million round was co-led by the NATO Innovation Fund and Earlybird Venture Capital, with support from returning investors SCVC, Pillar VC, 8VC, Amino Collective, and Outsized. New investors include We Venture Capital, British Business Bank, and WS Investment Company, the venture arm of Wilson Sonsini.
The founding team includes scientists with deep expertise in nanopore genomics, drawing from over a decade of research in the Maglia lab. Dr. Rabab Nasrallah, principal at Earlybird Health Fund, said in the statement that Portal Biotech is poised to do for proteomics what next-generation DNA sequencing did for genomics.
The raise will support the expansion of Portal's commercial efforts, research and development team, and pharmaceutical partnerships. With the human genome already sequenced, Portal Biotech aims to decode the proteome next, potentially unlocking answers that DNA alone could never reveal.
Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $10.</a>
Image: Shutterstock

NATO Just Funded A British Startup That Says Its AI Tech Can Spot Deadly Bio Threats Before They Spread—Even The Ones We Didn't Know Existed

Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) has outperformed the market over the past 5 years by 4.56% on an annualized basis producing an average annual return of 18.65%. Currently, Brown &amp; Brown has a market capitalization of $34.34 billion. 
Buying $1000 In BRO: If an investor had bought $1000 of BRO stock 5 years ago, it would be worth $2,379.57 today based on a price of $104.13 for BRO at the time of writing.
<h3>Brown &amp; Brown's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752793216_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Brown & Brown 5 Years Ago Would Be Worth This Much Today

A new voter poll shows that people want third-party options as President Donald Trump's approval rating continues to be below 50%. While Elon Musk could be <a href="https://www.benzinga.com/news/politics/25/07/46265725/elon-musk-announces-formation-of-america-party-emerges-in-wake-of-donald-trumps-historic-spending-bill">launching a third party,</a> voters are saying no thanks to one from the world's richest man.
What Happened: Shareholders of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) may love hearing that voters might not be interested in a <a href="https://www.benzinga.com/news/politics/25/07/46210411/musk-third-party-odds-hit-47-can-the-tesla-chief-do-what-no-one-has-since-1853">third party launch </a>by CEO Musk.
After all, the promised launch of the America Party by Musk could see the CEO spend more time in politics and less time leading the electric vehicle giant.
A Quinnipiac <a href="https://poll.qu.edu/poll-release?releaseid=3928">poll </a>finds that voters aren't impressed with Musk's option.
Quinnipiac recently asked voters if they would consider joining a third party as an alternative to the Republican and Democratic parties.
A near majority (49%) said yes they would consider, while 45% said they would not consider. The remainder said they didn't know. Men and women were equally divided in the poll with 49% of men saying yes and 45% saying no and the same result reported for women.
Broken down by political party, here were the results of considering joining a third party:
<ul class="wp-block-list">
<li>Republicans: 28% yes, 67% no</li>
<li>Democrats: 39% yes, 56% no</li>
<li>Independents: 75% yes, 21% no</li>
</ul>
While voters want a third party option, it appears they aren't happy with the option of one coming from Musk. When asked if they would consider joining a third party if created by Musk, the result significantly changed.
The results were 17% yes and 77% no, broken down as follows by political party and gender:
<ul class="wp-block-list">
<li>Republican: 18% yes, 74% no</li>
<li>Democrat: 6% yes, 90% no</li>
<li>Independent: 22% yes, 73% no</li>
<li>Men: 20% yes, 73% no</li>
<li>Women: 14% yes, 73% no</li>
</ul>
"There is a healthy appetite for a third party among American voters. But with Elon Musk leading the way, not so much," Quinnipiac University Polling Analyst Tim Malloy said.
Read Also: <a href="https://www.benzinga.com/news/politics/25/07/46294492/trump-warned-us-system-is-not-designed-for-third-parties-now-experts-doubt-elon-musks-america-party-will-even-be-ready-by-2026-midterms">Trump Warned US System Is &#8216;Not Designed&#8217; For Third Parties — Now Experts Doubt Elon Musk&#8217;s America Party Will Even Be Ready By 2026 Midterms</a>
Why It's Important: The Quinnipiac poll found that only 44% of voters approve of President Trump with 54% disapproving. This result was similar to a poll in late June from Quinnipiac.
One of the items that might be impacting the approval rating is the Jeffrey Epstein files. Sixty-three percent of voters in the poll said they disapprove of the Trump administration's handling of the files.
Trump also received approval ratings of under 50% across many issues, including the economy (42%), foreign policy (41%), trade (40%), and the Russia-Ukraine war (34%).
A third-party option could gain steam among voters for the first time in years based on the current results of polls and overall sentiment from voters. The problem is that this poll shows voters don't want Musk involved.
Prediction market <a href="https://polymarket.com/event/will-elon-register-the-america-party-by?tid=1752789090374">Polymarket </a>shows odds of 44% that Musk will register the America Party by the end of 2025.
Benzinga<a href="https://www.benzinga.com/news/politics/25/07/46341429/musks-politics-or-teslas-future-74-say-the-choice-is-clear"> recently asked readers </a>if this should be Musk&#8217;s focus going forward.
&#8220;Elon Musk is wading deeper into politics. Should he stay focused on Tesla and SpaceX — or keep speaking out?&#8221; Benzinga asked
The results were:
<ul class="wp-block-list">
<li>Stay focused on his companies: 74%</li>
<li>Do both – he can multitask: 21%</li>
<li>Keep speaking out: 5%</li>
</ul>
A large majority of readers polled said Musk should stay focused on his companies.&nbsp;Musk is the CEO of Tesla and&nbsp;SpaceX&nbsp;and is also involved with several other companies, including&nbsp;Neuralink&nbsp;and&nbsp;X. With the recent announcement that X CEO&nbsp;Linda Yaccarino&nbsp;<a href="https://www.benzinga.com/news/social-media/25/07/46329375/x-ceo-yaccarino-splits-with-elon-musk-after-two-years-says-best-is-yet-to-come-for-social-platform" target="_blank" rel="noreferrer noopener">is stepping down,</a>&nbsp;Musk's time commitment to the social media platform may increase.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46332361/musk-political-push-to-hurt-tesla-stock-71-say-stock-will-fall-in-next-12-months">Musk Political Push To Hurt Tesla Stock: 71% Say Stock Will Fall In Next 12 Months</a></li>
</ul>
Photo: Shutterstock

Social Media

TSLA

Voters Want Third Party Option, But 77% Say 'Not So Much' To Elon Musk, While Trump Approval At 44%

It started with a stock short and ended with memes, jabs, and one of the messiest billionaire feuds in recent memory.
Bill Gates isn't new to criticism, but he didn't expect a full-on cold war with Elon Musk. At least, not over Tesla. "Once he heard I'd shorted the stock, <a href="https://www.benzinga.com/25/02/43880898/im-in-awe-bill-gates-says-elon-musk-is-brilliant-rich-and-influential-but-admits-hes-been-mean-to-me-at-times">he was super mean to me</a>," Gates told Walter Isaacson, the author of Musk's 2023 biography. Then came the part that made the quote instantly viral: "But he's super mean to so many people, so you can't take it too personally."
Gates confirmed he had bet against Tesla stock—shorting it—and according to Isaacson, that revelation didn't sit well with Musk. Text messages between the two billionaires, later confirmed by Musk himself, showed how quickly things soured. Musk asked Gates point-blank if he still held a "half billion dollar short position against Tesla." Gates admitted, "Sorry to say I haven't closed it yet. I would like to discuss philanthropy possibilities."
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Musk didn't hold back. "Sorry, I cannot take your philanthropy on climate change seriously when you have a <a href="https://www.benzinga.com/personal-finance/management/25/07/46296787/elon-musk-says-bill-gates-bet-500-million-on-teslas-demise-then-had-the-nerve-to-ask-him-for-a-donation-boggles-the-mind">massive short position against Tesla</a>, the company doing the most to solve climate change," he replied. Days later, Musk posted a meme mocking Gates' weight and moved on—at least publicly.
But the drama didn't stop.
By 2025, their rift had ballooned into something far bigger than stock positions or bad memes. It's now a full-blown ideological clash, with Musk and Gates trading public blows over foreign aid, philanthropy, and how billionaires should use their wealth.
Trending: This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — <a href="https://www.benzinga.com/money/finally-a-fully-automated-trading-platform-for-individual-investors?">You Can Become an Investor for Just $500.25</a>
In May, Gates accused Musk of harming the world's most vulnerable. After Musk and the Department of Government Efficiency cut funding to programs like the U.S. Agency for International Development, Gates told <a href="https://www.benzinga.com/25/05/45311187/the-picture-of-the-worlds-richest-man-killing-the-worlds-poorest-children-is-not-a-pretty-one-says-bill-gates-slamming-elon-musk-over-abrupt-usaid-cuts">reporters the decision "killed vulnerable children</a>." Musk shot back, calling the accusation false and referencing Gates' ties to disgraced financier and convicted sex offender Jeffrey Epstein, saying, "I wouldn't trust that guy to babysit my kids."
The feud escalated from there. Musk called USAID "beyond repair." Gates fired back, defending it as "the best of the world's development agencies." While Gates pledged to give away nearly his entire $200 billion fortune by 2045, Musk continued slashing what he saw as bloated government spending—touting a "move fast, cut waste" approach that echoes his tech playbook.
And despite their public platforms and billionaire status, there's been <a href="https://www.benzinga.com/personal-finance/25/03/44434228/elon-musk-said-bill-gates-would-be-obliterated-for-shorting-tesla-but-short-sellers-just-made-16-2-billion-in-3-months-betting-against-him">zero sign of reconciliation</a>. In fact, their feud now shapes how the public debates government responsibility, philanthropy, and who gets to define "doing good."
See Also: $100k+ in investable assets? <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes</a> – no cost, no obligation.
Gates leans toward strategic, long-term investment in public health and education. Musk prefers disruption, arguing that bureaucracy and inefficiency do more harm than good. One believes in continuity. The other believes in chaos—at least if it saves money and speeds things up.
For now, they remain on opposite sides of almost everything—from aid policy to social media etiquette. Gates apologized to Musk about the Tesla shorting. The relationship didn't recover. Instead, it evolved into a headline-grabbing standoff between two of the <a href="https://www.benzinga.com/personal-finance/24/11/41809171/bill-gates-says-being-a-billionaire-is-overrated-being-rich-brings-you-freedom-but-beyond-that-i">world's richest men</a>—and a reminder that even billionaires take things personally.
Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $10.</a>
Images: Shutterstock

Bill Gates Says Elon Musk Was 'Super Mean' After He Shorted Tesla Stock — 'But He's Super Mean to So Many People'

Middleby (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIDD#NASDAQ">MIDD</a>) has outperformed the market over the past 20 years by 5.73% on an annualized basis producing an average annual return of 14.21%. Currently, Middleby has a market capitalization of $7.88 billion. 
Buying $1000 In MIDD: If an investor had bought $1000 of MIDD stock 20 years ago, it would be worth $14,215.76 today based on a price of $147.37 for MIDD at the time of writing.
<h3>Middleby's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752791413_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MIDD

$1000 Invested In Middleby 20 Years Ago Would Be Worth This Much Today

The Roundhill Video Games ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NERD#NASDAQ">NERD</a>) launched in 2019 and is having a great year in 2025 thanks to the launch of the <a href="https://www.benzinga.com/news/gaming/25/06/45776150/jensen-huang-says-nintendo-switch-2-has-ai-processors-to-enhance-gameplay-unlike-anything-weve-built-before">Switch 2 console</a> from Nintendo Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>).
Roundhill Investments CEO Dave Mazza shares thoughts on the<a href="https://www.benzinga.com/news/gaming/25/07/46455645/250000-for-a-stapler-gamestop-turns-blunder-into-big-charity-win"> Switch 2 launch</a>, what sports games mean to Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) and why GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) doesn't make the cut for inclusion in the ETF.
Switch 2 Success: The Nintendo Switch 2 launched with a price of $449, $150 above the cost of the original 2017 model. Despite the higher price, the console saw strong initial sales and continues to sell-out.
"All early datapoints say ‘blockbuster.' Nintendo sold 3.5 million Switch 2 units in the first four days, the fastest start for any console in the firm's history," Mazza told Benzinga.
Mazza said the strong early sales have Nintendo management guiding to ship 15 million consoles in the current fiscal year, which will lift revenue by more than 60% and operating profit by around 13%.
The Roundhill CEO said the consensus is that Nintendo could return to record earnings if the strong unit sales and strong software sales happen as quickly as the original Switch.
But it's not just the Switch 2 that makes a Nintendo investment exciting, Mazza told Benzinga. Nintendo is currently the largest holding at 12.1% of assets in the Roundhill Video Games ETF.
"The investment story increasingly pivots on monetizing intellectual property beyond plastic cartridges."
Mazza said this includes first-party software like the "Donkey Kong Bananza" game, mobile apps, royalties from movies and the company's theme-park footprint.
"Each new entertainment vertical widens reach, supports evergreen game sales and extends the duration of cash flows, which is an IP flywheel few peers can replicate."
Read Also: <a href="https://www.benzinga.com/news/gaming/25/06/45850712/microsoft-vs-nintendo-handheld-gaming-console-includes-nvidia-vs-amd-battle-which-one-will-come-out-on-top">Microsoft Vs. Nintendo Handheld Gaming Console Includes Nvidia Vs. AMD Battle: Which One Will Come Out On Top?</a>
Microsoft Vs. Nintendo?: A potential competitor to the Switch 2 could be coming with Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) announcing the ROG Xbox Ally and Ally 2. Mazza said these are more "portable Windows gaming PCs" than video game consoles.
"They aim at the enthusiast Steam-Deck tier rather than the family-friendly Switch demographic."
Mazza said success for the Microsoft handheld will come based on access to the full Xbox Game Pass library on day one, strong battery life and specs to run AAA titles and a price point of under $799.
"If Microsoft nails those three, the device can thrive alongside and not directly against Switch 2."
Mazza said Nintendo having NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips and Microsoft having Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) chips won't be a major selling point for gamers, but maybe to investors.
"The logo matter more to investors with Nvidia's presence signaling another growth beachhead, whereas gamers judge on real-world performance and ecosystem fit."
EA Sports: Electronic Arts releases sports titles annually and is growing its library thanks to the expansion in college sports.
"Sports titles are EA's cash cow as Madden and College Football together drove an upside revision to FY-25 bookings," Mazza told Benzinga.
Mazza said the report that a college basketball franchise could be returning to EA would mean another annualized franchise with "highly monetizable Ultimate-Team-style modes."
The Roundhill CEO estimates that a college basketball video game could sell four million titles conservatively and could mean $300 million in bookings for EA. The game could also increase engagement between gamers and EA in between football seasons.
GameStop Not In ETF: Investors might think that it makes sense to put video game retailer GameStop into the video game ETF, but that's not the case.
Mazza said there are several reasons GameStop doesn't make the ETF cut. The most important one is the ETF seeking to track the Nasdaq CTA Global Video Games Software Index, which GameStop isn't included.
The index includes publishers and developers of games and digital content creators, but doesn't include physical retailers.
Mazza also said GameStop's current financials would likely keep the stock out of the ETF.
"GameStop also fails the growth-quality screen: revenue is shrinking double-digits as sales migrate online, and recent meme-driven volatility has been disconnected from fundamentals."
NERD Price Action: The Roundhill Video Games ETF ended trading at $25.94 on Thursday versus a 52-week trading range of $14.50 to $26.75. The ETF is up 31.3% year-to-date in 2025 and up 57.7% over the last year. Nintendo, the largest holding in the ETF, is up 50.4% year-to-date in 2025.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/sports-betting/25/07/46481992/exclusive-sports-betting-etf-ceo-sizes-up-trumps-big-beautiful-bill-higher-taxes-espn-bet-success">EXCLUSIVE: Sports Betting ETF CEO Sizes Up Trump&#8217;s Big Beautiful Bill, Higher Taxes, ESPN Bet Success</a></li>
</ul>
Photo: agustin.photo via Shutterstock

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