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BTC Digital Ltd is a crypto asset technology company based in the U.S. with a focus on bitcoin mining. The company also generates revenue through mining machine resale and rental business operations. Geographically, the financial assets of the company is located in the United States, Singapore, Hong Kong and the PRC.

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BTC Digital Ltd Warrants (31/03/2025)

Piper Sandler analyst Yasmeen Rahimi initiates coverage on Tvardi Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVRD#NASDAQ">TVRD</a>) with a Overweight rating and announces Price Target of $78.

News

Price Target

Initiation

Analyst Ratings

TVRD

Piper Sandler Initiates Coverage On Tvardi Therapeutics with Overweight Rating, Announces Price Target of $78

Even as May&#8217;s inflation print was better-than-expected, it snapped a four-month falling streak and rose slightly, hinting that firms absorbed some tariff-induced price hikes.
What Happened: &#8220;Surprisingly, new and used vehicle prices declined in May, despite many expecting an increase in prices from tariffs,&#8221; said the chief economist at LPL Financial, Jeffrey Roach.
According to him, prices for apparel and autos, &#8220;both highly sensitive to trade conditions, declined in May.&#8221; Apparel prices also declined in April, indicating that these companies likely &#8220;absorbed tariff costs.&#8221;
&#8220;But don't expect that to continue,&#8221; he added.
Comerica Wealth Management&#8217;s CIO, Eric Teal, reiterated Roach&#8217;s point and explained that tariffs have not yet shown up in consumer prices. &#8220;But a lot depends on the absorption rate of U.S. companies and foreign suppliers.&#8221;
Teal believed that the majority of the tariffs would eventually get passed to the consumer, &#8220;but companies are cautious at this juncture about passing along the price increase.&#8221;
Similarly, the chief economist at Comerica Bank, Bill Adams, said, &#8220;CPI cool in May, but price increases are still likely to accelerate in the second half of the year.&#8221;
Here&#8217;s how automotive and apparel companies have performed in 2025 under the tariff pressures and fear of price increases.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Automobile Stocks</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>-13.93%</td>
<td>84.12%</td>
</tr>
<tr>
<td>Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>)</td>
<td>-5.44%</td>
<td>-11.20%</td>
</tr>
<tr>
<td>General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>)</td>
<td>-2.92%</td>
<td>2.07%</td>
</tr>
<tr>
<td>Honda Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>)</td>
<td>2.50%</td>
<td>-10.91%</td>
</tr>
<tr>
<td>Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>)</td>
<td>10.47%</td>
<td>-11.75%</td>
</tr>
<tr>
<td>Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>)</td>
<td>22.40%</td>
<td>54.98%</td>
</tr>
</tbody>
</table>
</figure>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Apparel Stocks</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>Urban Outfitters Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>)</td>
<td>21.80%</td>
<td>58.49%</td>
</tr>
<tr>
<td>Citi Trends Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>)</td>
<td>28.29%</td>
<td>51.16%</td>
</tr>
<tr>
<td>Stitch Fix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>)</td>
<td>-1.95%</td>
<td>14.57%</td>
</tr>
<tr>
<td>Carter&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRI#NYSE">CRI</a>)</td>
<td>-40.07%</td>
<td>-50.35%</td>
</tr>
<tr>
<td>American Eagle Outfitters Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>)</td>
<td>-40.98%</td>
<td>-51.67%</td>
</tr>
<tr>
<td>Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>)</td>
<td>-14.33%</td>
<td>-32.63%</td>
</tr>
<tr>
<td>Skechers USA Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>)</td>
<td>-7.00%</td>
<td>-16.00%</td>
</tr>
<tr>
<td>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)</td>
<td>-32.24%</td>
<td>-18.57%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45886571/gary-blacks-2021-tsla-stock-exit-dodged-a-30-drop-can-valuation-discipline-outsmart-teslas-2025-">Gary Black&#8217;s 2021 TSLA Stock Exit Dodged A 30% Drop: Can Valuation Discipline Outsmart Tesla&#8217;s 2025 Robotaxi Hype</a>
Why It Matters: Contrary to the aforementioned views, the CIO at Northlight Asset Management, Chris Zaccarelli, believed that lower-than-expected numbers across the board and a trade deal with China that was agreed to in London would help &#8220;the narrative around tariff-induced inflation should subside.&#8221;
However, &#8220;we are still cautious, but many of the risks that were present in early April appear to be receding at this time,&#8221; Zaccarelli added.
On the other hand, Jamie Cox also believed that the disinflation trend should be intact in the coming months. &#8220;Shelter and energy are going to keep the disinflation trend intact &#8211; prices are moving down in two of the largest categories, so investors should expect further declines in inflation in the coming months,&#8221; he said.
Price Action: 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 index and Nasdaq 100 index, respectively, fell on Wednesday. The SPY was down 0.29% at $601.36, while the QQQ declined 0.34% to $532.41, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
The futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices fell on Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45892385/sp-500-bull-run-tends-to-be-choppy-in-3rd-year-ongoing-31-month-old-bull-market-could-have-more-">S&amp;P 500 Bull Run Tends To Be &#8216;Choppy&#8217; In 3rd Year: Ongoing 31-Month-Old Bull Market Could Have More Legs: &#8216;Better Times Are Coming,&#8217; Says Ryan Detrick </a></li>
</ul>
Photo courtesy: Shutterstock

Equities

CTRN

LULU

SFIX

TSLA

URBN

Automotive And Apparel Companies 'Absorbed Tariff Costs' Amid Better Than Expected May CPI Print: 'But Don't Expect That To Continue,' Says Expert

Baird analyst David Manthey initiates coverage on QXO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NYSE">QXO</a>) with a Outperform rating and announces Price Target of $32.

Baird Initiates Coverage On QXO with Outperform Rating, Announces Price Target of $32

General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) CFO Paul Jacobson says the company's <a href="https://www.benzinga.com/markets/large-cap/25/06/45876062/gms-4-billion-bet-on-us-auto-manufacturing-backs-hardworking-americans-amid-trump-tariffs-push">$4 billion investment</a> in its manufacturing units will help the Detroit-based automaker rebalance production amid U.S. President Donald Trump's tariff uncertainty.
What Happened: "&#8230;As we look at our landscape, as we look at the world around us, whether it&#8217;s the tariff situation, EV adoption, there&#8217;s a real opportunity to rebalance some of our manufacturing," Jacobson said while speaking <a href="https://finance.yahoo.com/news/gms-4-billion-us-plant-investment-will-allow-production-rebalance-in-light-of-tariffs-slowing-ev-adoption-214137972.html">to</a> Yahoo Finance.
The company had earlier said it would be moving some models like the Chevrolet Blazer and the Equinox out of its Mexico production facility and into the U.S. in 2027.
Jacobson also outlined a slowdown in EV demand in the U.S. and how the company's Orion plant is transitioning to produce full-size SUVs as well as pickup trucks. "It&#8217;s clear that EV demand has slowed a bit, so we&#8217;re able to fill that back at Factory Zero and really convert Orion to a much better-utilized plant for full-size SUVs," he said.
The CFO also said that GM's peak exposure to Trump's tariffs, as well as the impact of the tariffs, would come up in Q2 2025.
&nbsp;Why It Matters: The news comes in as GM has invested <a href="https://www.benzinga.com/tech/25/05/45640639/general-motors-to-invest-888-million-in-ny-v-8-engine-plant-despite-surge-in-ev-market-share">over $888 million </a>in its V-8 engine plant in Buffalo, New York, which marks the company's single largest investment in engine production.
The investment as well as rebalancing also coincides with GM's push for California to reverse <a href="https://www.benzinga.com/news/politics/25/06/45877556/trump-to-sign-resolution-barring-california-ev-mandate-adopted-by-11-other-states-report">its EV mandate</a>, which the company said does not align with market realities.
However, despite the push for ICE vehicles, GM still holds<a href="https://www.benzinga.com/25/05/45581386/gm-ev-sales-surge-in-the-us-amid-5-billion-blow-from-donald-trumps-automotive-tariffs"> a 14.4% EV market share</a> in the U.S. and is the second-largest EV maker in the country behind Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
Elsewhere, suppliers for the big three automakers in Detroit, including GM, <a href="https://www.benzinga.com/markets/tech/25/06/45826735/china-grants-temporary-rare-earth-licenses-to-us-automakers-suppliers">received temporary licenses</a> to export critical rare earth minerals and alloys from China, in what could prove to be a major boost for the company amid trade tensions.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="199" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12041154/GM-JUN-12-2025-1024x199.jpg" alt="" class="wp-image-947231" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12041154/GM-JUN-12-2025-1024x199.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12041154/GM-JUN-12-2025-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12041154/GM-JUN-12-2025-768x149.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12041154/GM-JUN-12-2025-1536x298.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12041154/GM-JUN-12-2025.jpg 1572w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
GM scores well on Value, Growth and Quality metrics, while also offering satisfactory momentum. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/45854131/trump-says-hes-getting-good-reports-as-scott-bessent-led-delegation-expects-beijing-to-remove-rare-earth-export-curbs">Trump Says He&#8217;s Getting &#8216;Good Reports&#8217; As Scott Bessent-Led Delegation Expects Beijing To Remove Rare Earth Export Curbs</a></li>
</ul>
Photo courtesy: Jonathan Weiss / Shutterstock.com

Tech

General Motors CFO Says $4 Billion Investment Will Allow Company To Rebalance Production Amid Trump Tariffs

An Air India Boeing 787-8 Dreamliner by Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) crashed on Thursday near the Ahmedabad airport, with 242 passengers on board. The flight was en route to London Gatwick from Ahmedabad.
What Happened:&nbsp;The Air India flight, AI171, met with a tragic fate during takeoff from the Sardar Vallabhbhai Patel International Airport in Ahmedabad on Thursday.
The passenger aircraft, a Boeing 787 Dreamliner with a capacity of 300, crashed in the Meghani area of the city. Thick smoke was seen rising from Dharpur near Meghaninagar, suggesting a major fire likely caused by the substantial fuel load carried for the long-haul flight to London. Emergency response units and fire brigade teams have been deployed to the scene.
Boeing did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment.
<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">Flight AI171, operating Ahmedabad-London Gatwick, was involved in an incident today, 12 June 2025. At this moment, we are ascertaining the details and will share further updates at the earliest on <a href="https://t.co/Fnw0ywg2Zt">https://t.co/Fnw0ywg2Zt</a> and on our X handle (<a href="https://t.co/Id1XFe9SfL">https://t.co/Id1XFe9SfL</a>). -Air India…
&mdash; Air India (@airindia) <a href="https://twitter.com/airindia/status/1933086483142902226?ref_src=twsrc%5Etfw">June 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45898426/michael-saylor-shrugs-off-quantum-computing-threat-to-bitcoin-warns-companies-like-microsoft-google-more-vulnerable-youll-see-it-coming-a-mile-away" target="_blank" rel="noreferrer noopener">Michael Saylor Shrugs Off Quantum Computing Threat To Bitcoin, Warns Companies Like Microsoft, Google More Vulnerable: &#8216;You&#8217;ll See It Coming A Mile Away&#8217; </a>
<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">We are following reports of a crash of Air India flight <a href="https://twitter.com/hashtag/AI171?src=hash&amp;ref_src=twsrc%5Etfw">#AI171</a> from Ahmedabad to London. We received the last signal from the aircraft at 08:08:51 UTC, just seconds after take off. The aircraft involved is a Boeing 787-8 Dreamliner with registration VT-ANB… <a href="https://t.co/EmKKISJldF">pic.twitter.com/EmKKISJldF</a>
&mdash; Flightradar24 (@flightradar24) <a href="https://twitter.com/flightradar24/status/1933086087682904336?ref_src=twsrc%5Etfw">June 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: This incident adds to the recent challenges faced by Boeing. In 2024, a Boeing 737-800 operated by South Korea's <a href="https://www.benzinga.com/markets/equities/24/12/42716905/boeing-in-spotlight-after-fatal-737-800-crash-in-south-korea-stock-declined-28-amid-deepening-2024-challenges">JejuAir crashed</a>, killing 179 of 181 passengers. This raised serious questions about Boeing&#8217;s safety record and led to a 30% stock decline in the same year.
In May, the U.S. Department of Justice (DoJ) moved to dismiss a <a href="https://www.benzinga.com/markets/equities/25/05/45689735/us-justice-department-seeks-to-dismiss-boeings-fraud-charges-on-737-max-crashes-that-killed-over-300">criminal fraud</a> charge against Boeing, linked to two fatal 737 MAX plane crashes that claimed 346 lives. This decision followed an agreement between Boeing and the Justice Department.
In January 2013, the entire global fleet of Boeing 787 Dreamliners was grounded following a series of safety incidents linked to the aircraft&#8217;s lithium-ion batteries. The U.S. Federal Aviation Administration (FAA) responded by issuing an emergency airworthiness directive, requiring airlines to prove the safety of the batteries before resuming operations. Aviation authorities in Europe, Japan, and other regions quickly followed suit, grounding all Dreamliners operated by eight airlines worldwide. Boeing, while standing by the integrity of the 787, worked with regulators and airlines to develop technical solutions, including redesigning the battery system and adding fireproof containment, before the aircraft was cleared to return to service about three months later
During Thursday&#8217;s pre-market trading session, shares of Boeing declined 5.58%. On a year-to-date basis, it surged 24.51%.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/analyst-stock-ratings/initiation/25/06/45881612/this-coinbase-global-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-wednesday" target="_blank" rel="noreferrer noopener">This Coinbase Global Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday</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.

Markets

Boeing Dreamliner Carrying Over 200 Passengers Crashes Shortly After Takeoff Near India's Ahmedabad: BA Stock Falls Over 5% In Thursday Pre-Market

<a href="https://www.indiatoday.in/india/story/ahmedabad-plane-crash-live-updates-air-india-flight-boeing-london-passengers-death-casualties-rescue-2739697-2025-06-12" title="https://www.indiatoday.in/india/story/ahmedabad-plane-crash-live-updates-air-india-flight-boeing-london-passengers-death-casualties-rescue-2739697-2025-06-12">https://www.indiatoday.in/india/story/ahmedabad-plane-crash-live-updates-air-india-flight-boeing-london-passengers-death-casualties-rescue-2739697-2025-06-12</a>

INDA

Air India Flight AI171, Boeing 787-8 Dreamliner Bound For London, Crashes After Takeoff From Ahmedabad Airport On Thursday With 242 On Board

Piper Sandler analyst Brent Bracelin maintains Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) with a Neutral and raises the price target from $130 to $190.

ORCL

Piper Sandler Maintains Neutral on Oracle, Raises Price Target to $190

Following Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) <a href="https://www.benzinga.com/markets/tech/25/06/45846510/apple-wwdc-2025-from-live-translation-to-genmoji-visual-ai-and-chatgpt-integration-here-are-the-new-apple-intelligence-features">WWDC 2025</a>, Dan Ives, global head of technology research at Wedbush Securities, said the tech giant &#8216;might be forced&#8217; to pursue a merger or acquisition with an AI platform like Perplexity, or one of several others—<a href="https://www.benzinga.com/news/14/05/4542648/the-reasons-behind-apples-reported-acquisition-of-beats">similar to its 2014 acquisition</a> of Beats—to remain competitive in AI and meet growing consumer demands.
What Happened: During an interview with DW Business on Tuesday, Ives discussed Apple's current position in the AI race, highlighting the <a href="https://www.benzinga.com/tech/25/03/44068020/apples-ai-crisis-falling-behind-in-the-ai-race">company's lag behind competitors</a> like 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, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and AI startups like OpenAI.
He highlighted that Apple's iOS ecosystem could provide an advantage, but the company needs to act quickly to leverage AI.
Read Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/06/45887072/whats-going-on-with-gamestop-stock-wednesday-2" target="_blank" rel="noreferrer noopener">What's Going On With GameStop Stock Wednesday?</a>
He also noted that consumers need reasons to upgrade, especially when AI advancements are becoming a key driver in technology. Without a strong AI offering, Apple risks falling behind in a critical area that's shaping the future of tech.
&#8220;On one hand, you have a golden install base in the world &#8230; you got to monetize on AI,&#8221; he said, adding, &#8220;Right now they&#8217;re way behind and I think that&#8217;s a concern for investors and I&#8217;d say even from a consumer perspective. You need reasons to upgrade.&#8221;
When asked about the argument that AI isn't yet aligned with Apple's brand, Ives suggested that Apple must participate in AI or risk being left behind.
&#8220;I do think maybe culturally in some of their standards &#8230; but look, the reality is they&#8217;re going to have to accelerate this because it&#8217;s the biggest technology innovation in the last 40-50 years and Apple can&#8217;t be on the outside looking in,&#8221; he stated.
Perplexity did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment on whether the AI firm is open to acquisition. 
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<iframe loading="lazy" title="Apple falls behind in AI race &#x7C; DW News" width="500" height="281" src="https://www.youtube.com/embed/WZ1nCdj-1DU?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Why It's Important: Apple&#8217;s new iOS 26 design, &#8220;Liquid Glass,&#8221; introduced at WWDC 2025, is also <a href="https://www.benzinga.com/markets/tech/25/06/45852236/steve-jobs-would-have-fired-everyone-apples-liquid-glass-in-ios-26-gets-roasted-online-dan-ives-calls-wwdc-2025-a-yawner">facing significant backlash</a> online. The translucent, fluid interface spans across various elements like buttons and the Control Center, aiming to enhance user experience.
Despite Apple touting its innovation, people on social media, including investor Ross Gerber, have expressed strong disapproval, with some saying Steve Jobs would not have approved.
Previously, Ives also characterized the event as highlighting &#8220;slow and steady improvements,&#8221; but ultimately dismissed it as &#8220;a yawner.&#8221;
On the other hand, Gene Munster of Deepwater Asset Management said Apple isn&#8217;t yet ready to reveal its more advanced AI efforts but has time to catch up.
He noted the most important WWDC 2025 announcement was the Foundation Model framework, which enables easier on-device integration of Apple Intelligence for developers.
Price Action: Apple shares have declined 18.48% year-to-date and are down 6.71% over the past 12 months, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings reflect a downward trend for Apple across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance metrics can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12042159/Screenshot-2025-06-12-at-1.37.32%E2%80%AFPM.png" alt="" class="wp-image-947244" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45889800/dow-jones-breaks-43000-palantir-hits-new-record-highs-whats-driving-markets-wednesday" target="_blank" rel="noreferrer noopener">Dow Jones Breaks 43,000, Palantir Hits New Record Highs: What's Driving Markets Wednesday?</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Prathmesh T on Shutterstock.com

AAPL

GOOG

GOOGL

MSFT

Apple May End Up Acquiring Perplexity Like It Did With Beats In 2014, Says Dan Ives—Consumers Need 'Reasons To Upgrade' As iPhone Maker Falls 'Way Behind' In AI Race

Despite offering salaries in millions annually,&nbsp;Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is reportedly witnessing a talent drain in its AI division, with employees migrating to competitors&nbsp;OpenAI&nbsp;and&nbsp;Anthropic&nbsp;amid the rising demand for AI expertise.
What Happened: The demand for AI talent is soaring as companies invest billions in AI infrastructure. Despite offering lucrative compensation, Meta, along with other Big Tech companies, is struggling to retain its AI staff, who are being drawn to rivals like OpenAI and Anthropic, <a href="https://www.signalfire.com/blog/signalfire-state-of-talent-report-2025" target="_blank" rel="noopener">accord</a><a href="https://www.signalfire.com/blog/signalfire-state-of-talent-report-2025">ing </a>to<a href="https://www.signalfire.com/blog/signalfire-state-of-talent-report-2025"> </a>The SignalFire State of Talent Report &#8211; 2025, dated May 20.
The report indicates that Anthropic, with an 80% retention rate, is leading the pack. This figure significantly outperforms the industry&#8217;s high turnover rate. Anthropic has excelled at recruiting senior researchers and engineers from top AI talent hubs, including Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Stripe, besides Meta.
Meta did not immediately respond to Benzinga&#8217;s request for comment 
The SignalFire research suggests that Anthropic&#8217;s unique culture, which encourages &#8220;unconventional thinkers&#8221; and offers employees genuine autonomy and flexible work options, could be a key factor in its successful retention rate. Employees say Anthropic fosters open intellectual debate and grants researchers significant autonomy, attracting AI talent who feel constrained by bureaucracy at other companies.
DeepMind is close behind with a 78% retention rate, while OpenAI and Meta are on par with a 67% and 64% retention rate, respectively.
Deedy Das, a venture capitalist at Menlo Ventures and former Google Search staffer, pointed out on X on Tuesday that Meta offers compensation exceeding $2 million per year. Nevertheless, he noted that the company is still losing AI talent to rivals—something he personally observed happen three times in just one week.
<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">Meta is currently offering $2M+/yr in offers for AI talent and still losing them to OpenAI and Anthropic. Heard ~3 such cases this week. The AI talent wars are absolutely ridiculous. Today, Anthropic has the highest ~80% retention 2 years in and is the #1 (large) company top AI… <a href="https://t.co/YSv5UNV5H2">pic.twitter.com/YSv5UNV5H2</a>
&mdash; Deedy (@deedydas) <a href="https://twitter.com/deedydas/status/1932259456836129103?ref_src=twsrc%5Etfw">June 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
 SEE ALSO:&nbsp;<a href="https://benzinga.com/analyst-stock-ratings/initiation/25/06/45881612/this-coinbase-global-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-wednesday" target="_blank" rel="noreferrer noopener">This Coinbase Global Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday</a>
Why It Matters: This talent drain comes at a time when Meta&#8217;s CEO Mark Zuckerberg, is <a href="https://www.benzinga.com/markets/tech/25/06/45878991/mark-zuckerberg-is-handpicking-a-superintelligence-team-to-lead-metas-agi-race-after-llama-4-letdown-report">personally spearheading</a> efforts to recruit a &#8220;superintelligence&#8221; team of around 50 experts to work on artificial general intelligence (AGI). This move was in response to the company&#8217;s setbacks in AI innovation.
Notably, in early April, Joelle Pineau, the Vice President of AI research at Meta, decided to <a href="https://www.benzinga.com/25/04/44602810/metas-ai-chief-announces-departure-while-mark-zuckerberg-doubles-down-on-ai-investments">step down</a> and leave the company.
It is&nbsp;also reported that Meta is contemplating a $15 billion investment in <a href="https://www.benzinga.com/markets/tech/25/06/45880561/meta-on-the-verge-of-a-15-billion-deal-with-scale-ai-report">data-labelling</a> startup Scale AI, which would give Meta a 49% ownership in Scale AI. This proposed deal underscores the importance Meta places on AI innovation and talent acquisition.
However, the ongoing talent exodus to rivals like OpenAI and Anthropic raises questions about Meta&#8217;s ability to achieve its ambitious AI goals at a critical point, as the company plans to spend $65 billion on AI infrastructure in 2025. 
Meta holds a momentum rating of 86.41% and a growth rating of 92.74%, according to Benzinga's Proprietary <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Edge Rankings</a>. The Benzinga Growth metric evaluates a stock&#8217;s historical earnings and revenue expansion across multiple timeframes, prioritizing both long-term trends and recent performance.
Meta stock surged 15.84% on a year-to-date basis.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/crypto/25/06/45896961/bitcoin-ethereum-dogecoin-fail-to-cheer-softer-inflation-china-trade-deal-analyst-says-btc-needs-to-hold-above-this-level-to-maintain-bullish-momentum" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Fail To Cheer Softer Inflation, China Trade Deal: Analyst Says BTC Needs To Hold Above This Level To Maintain &#8216;Bullish Momentum&#8217; &#8211; Grayscale Bitcoin Mini Trust (BTC) Common</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.

AMZN

Meta's Mark Zuckerberg Is Losing Top AI Talent To OpenAI And Anthropic Even As It Shells Out Millions In Salaries: Report

Uxin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) reported quarterly losses of $(0.03) per share. This is a 71 percent increase over losses of $(0.10) per share from the same period last year. The company reported $69.48 million in sales this quarter. This is a 74.33 percent increase over sales of $39.86 million the same period last year.

Earnings

UXIN

Uxin Q1 Adj. EPS $(0.03) Up From $(0.10) YoY, Sales $69.48M Up From $39.86M YoY

In March, President Donald Trump touted a new visa for foreign nationals ready to pay $5 million for a pathway to U.S. citizenship. Applications have opened this week, with global investors waiting for their shot by signing up via The TrumpCard.gov, a new website specially launched for this visa.
What Happened: Showcasing a shining gold card featuring Trump&#8217;s face, the landing page asks potential applicants for their region, name, and whether they are applying as an individual or on behalf of a business.
Visitors have the chance to opt for one of eight geographic zones, including Asia, Europe, the Caribbean and so on. Signing up on the website does not guarantee that the applicant will receive the card.
Trump announced the launch on June 11 via Truth Social, posting in all caps: "FOR FIVE MILLION $DOLLARS, THE TRUMP CARD IS COMING!"
<figure class="wp-block-image aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="731" height="597" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12025030/image-176.png" alt="" class="wp-image-947110" style="width:350px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12025030/image-176.png 731w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12025030/image-176-300x245.png 300w" sizes="(max-width: 731px) 100vw, 731px" /></figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45896929/trump-launches-aviation-overhaul-archer-joby-new-horizon-aerovironment-rally-as-us-targets-drone-evtol-supersonic-comeback">Trump Launches Aviation Overhaul: Archer, Joby, New Horizon, AeroVironment Rally As US Targets Drone, eVTOL, Supersonic Comeback</a>
Why It Matters: The Trump Card plan seems to bypass Congress, relying on existing frameworks while promising future clarification.
In February, when Trump first announced the initiative, he floated the idea that the United States might &#8220;<a href="https://www.benzinga.com/personal-finance/25/03/44237846/trump-proposes-special-a-gold-card-for-wealthy-immigrants-that-costs-5-million-says-selling-enough-could-wipe-out-americas-national-debt">sell maybe a million of these cards</a>, maybe more than that.&#8221; He noted that if each Trump Card is priced at $5 million, selling a million could generate $5 trillion in revenue.
&#8220;And if you sell 10 million of the cards, that&#8217;s a total of $50 trillion,&#8221; he added. &#8220;We have $35 trillion in debt. That&#8217;ll be nice, so we&#8217;ll see.&#8221;
Trump insisted this is not citizenship-for-cash, but a "sophisticated" version of a green card. The concept parallels the existing EB-5 investor visa, which enables foreigners to obtain a green card by investing up to $1.05 million in job-creating projects.
Trump said this new card will draw high-value individuals who, in his words, "will be spending a lot of money, and paying a lot of taxes and employing a lot of people."
The Trump Card has drawn mixed reactions from various sectors. While many in the <a href="https://www.benzinga.com/real-estate/25/03/44210225/trumps-gold-card-visa-program-is-causing-panic-in-real-estate-circles-heres-why">real estate circles derided the potential loss of the EB-5 investor visa</a>, which has typically been a source of foreign capital for developers, Real estate mogul Grant Cardone called it a <a href="https://www.benzinga.com/startups/25/03/44082721/grant-cardone-trumps-gold-card-is-a-smart-way-to-attract-money-and-bring-in-more-conservative-voters">&#8220;smart way to attract money</a> and bring in more conservative voters.&#8221;
Billionaire Mark Cuban expressed his support for the Trump card, provided they are <a href="https://www.benzinga.com/25/03/44070799/mark-cuban-supports-trumps-new-gold-card-scheme-if-sold-to-corporations-for-employee-citizenship-have-a-look-at-the-listed-companies-with-most-number-of-immigrants">sold to corporations</a> that hire immigrants.
In late March, Commerce Secretary Howard Lutnick said he sold 1,000 of these cards in a single week, and indicated that <a href="https://www.benzinga.com/news/25/03/44519944/elons-building-me-the-software-right-now-commerce-secretary-howard-lutnick-says-he-sold-1k-trump-cards-for-5m-each-in-one-day">Elon Musk was involved with the development of the required software</a>.
At the time, Lutnick said the program would be <a href="https://www.benzinga.com/personal-finance/25/03/44524589/president-trumps-golden-visa-will-be-ready-in-2-weeks-commerce-secretary-lutnick-says-1000-have-already-been-sold">launched in the coming two weeks,</a> but that timeline was not maintained.
Read Next:
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<li><a href="https://www.benzinga.com/crypto/25/06/45896615/us-recession-odds-tumble-to-23-on-crypto-betting-market-after-trump-confirms-china-trade-deal-softer-inflation-numbers">US Recession Odds Tumble To 23% On Crypto Betting Market After Trump Confirms China Trade Deal, Softer Inflation Numbers</a></li>
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Photo courtesy: Rawpixel.com / Shutterstock.com

Politics

Pay $5 Million, Get The 'Trump Card:' New Visa Program Now Accepting Applications

On Wednesday, President Donald Trump's legal battle to reverse his felony conviction entered a new stage as his attorneys asked a federal appeals court to move his hush money case out of New York's state system.
The hearing marks the most notable development since Trump was sentenced earlier this year, becoming the first U.S. president with a <a href="https://www.benzinga.com/news/25/01/42916780/donald-trump-receives-unconditional-discharge-in-new-york-hush-money-case-will-enter-white-house-as-convicted-felon">criminal conviction.</a>
What Happened: The appeal was heard in Manhattan by a three-judge panel, NPR <a href="https://www.npr.org/2025/06/11/nx-s1-5428246/trump-continues-to-appeal-historic-criminal-case-hush-money-stormy-daniels">reports</a>. It stems from Trump's effort to transfer his case to federal court under a law that allows such shifts if the charges relate to official duties performed in office.
The offense in question is falsifying records to hide a payment to adult entertainment star Stormy Daniels. It took place during Trump's 2016 campaign, but his lawyers argue that trial evidence, including testimony from ex-White House officials, justifies federal jurisdiction.
"Everything about this cries out for a federal court room," said Jeffrey Wall, Trump's counsel and former acting solicitor general. The hearing took more than an hour, exceeding the 20 minutes originally scheduled. Trump did not appear in court.
See Also: &nbsp;<a href="https://www.benzinga.com/news/politics/25/06/45897986/trump-hints-at-possible-reconciliation-with-elon-musk-but-admits-feeling-disappointed-i-have-no-hard-feelings">Trump Hints At Possible Reconciliation With Elon Musk, But Admits Feeling Disappointed: &#8216;I have no hard feelings…&#8217;</a>
Why It Matters: This unusual appeal is relying on the Federal Officer Removal Statute, originally intended to protect federal officials from hostile state courts. Trump's team says the law applies now because testimony came from his time in office. Notably, the Department of Justice submitted an amicus brief in support of his argument, which is considered to be an extraordinary move.
Opposing counsel Steven Wu of the Manhattan DA's office countered that the law is meant to determine venue before a trial begins, not after sentencing. "The point is not to divert a case into federal court during the appellate process," Wu argued.
Judge Myrna Pérez acknowledged the novelty of the situation, saying, "It seems to me that we got a very big case that created a whole new world of presidential immunity, and that the boundaries are not clear at this point."
Trump was <a href="https://www.benzinga.com/24/12/42521426/trumps-hush-money-conviction-upheld-amid-presidential-immunity-controversy-alvin-bragg-says-overwhelming-evidence-of-guilt">convicted on 34 counts</a> related to covering up a hush payment made in 2016, just before taking office for a second term. He was sentenced to an unconditional discharge, meaning no jail time or fines, but the conviction remains on record.
&#8220;I would just like to explain that I was treated very, very unfairly,&#8221; Trump said during his sentencing. With federal judges now listening arguments from both sides, the outcome could ultimately land before the U.S. Supreme Court.
This is Trump's second attempt to move the hush money trial to federal court. The earlier attempt was <a href="https://www.benzinga.com/news/24/09/40699789/judge-rejects-trumps-attempt-to-move-hush-money-trial-to-federal-court-citing-lack-of-good-cause">denied in September 2024</a>.
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45897431/gary-black-says-musks-apology-should-repair-relations-with-trump-weighs-in-on-cybercab-production-elon-likely-realized-that-tesla-needs-help">Gary Black Says Musk&#8217;s Apology Should &#8216;Repair&#8217; Relations With Trump, Weighs In On Cybercab Production: &#8216;Elon Likely Realized That Tesla Needs Help&#8217;</a></li>
</ul>
Photo courtesy: Joey Sussman / Shutterstock.com

Trump Hush Money Case Returns To Spotlight As Appeals Court Weighs Move From State To Federal Courtroom

President Donald Trump and Vice President JD Vance intensified pressure on Federal Reserve Chairman Jerome Powell to cut interest rates by a full percentage point Wednesday, following the release of cooler-than-expected May inflation data that showed consumer prices rising just 0.1% monthly.
What Happened: Vance labeled the Fed&#8217;s reluctance to cut rates as &#8220;monetary malpractice&#8221; in a post on X, echoing Trump&#8217;s aggressive stance. &#8220;The president has been saying this for a while, but it&#8217;s even more clear: the refusal by the Fed to cut rates is monetary malpractice,&#8221; Vance wrote.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The president has been saying this for a while, but it&#39;s even more clear: the refusal by the Fed to cut rates is monetary malpractice. <a href="https://t.co/HqUjWxwcHs">https://t.co/HqUjWxwcHs</a>
&mdash; JD Vance (@JDVance) <a href="https://twitter.com/JDVance/status/1932784894830145637?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Trump simultaneously posted on Truth Social: &#8220;CPI JUST OUT. GREAT NUMBERS! FED SHOULD LOWER ONE FULL POINT. WOULD PAY MUCH LESS INTEREST ON DEBT COMING DUE. SO IMPORTANT!!!&#8221;
The Bureau of Labor Statistics <a href="https://www.bls.gov/news.release/cpi.nr0.htm">reported</a> May CPI increased 2.4% annually, up from April&#8217;s 2.3% but below economists&#8217; expectations. Core CPI, excluding volatile food and energy prices, rose 2.8% year-over-year, also below the forecasted 2.9%.
The latest employment <a href="https://www.bls.gov/news.release/empsit.nr0.htm">data</a> showed 139,000 jobs added in May, exceeding the 130,000 consensus estimate but representing slower growth than April&#8217;s revised 147,000 gain.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45898118/victorias-secret-expects-50-million-tariff-hit-in-2025-cfo-scott-sekella-says-q4-to-bear-largest-dollar-hit">Victoria&#8217;s Secret Expects $50 Million Tariff Hit In 2025 — CFO Scott Sekella Says Q4 To Bear Largest Dollar Hit</a>
Why It Matters: Fed officials face mounting pressure as tariff-driven inflation concerns clash with cooling labor markets. Chicago Fed President Austan Goolsbee warned that Trump&#8217;s <a href="https://www.benzinga.com/top-stories/25/05/45590626/feds-goolsbee-warns-tariff-shock-may-delay-rate-cuts-worst-situation-for-central-bank">fluctuating trade policies create stagflation risks</a> &#8211; the &#8220;central bank&#8217;s worst situation&#8221; for monetary policy decisions.
Economists remain divided on Fed strategy, with some advocating immediate July cuts while others support the &#8220;wait and see&#8221; approach until tariff impacts fully materialize. <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45832125/as-trump-flames-powell-for-holding-back-on-rate-cuts-economists-divided-on-feds-approach">CME Group&#8217;s FedWatch tool shows</a> 99.9% probability of unchanged rates at the June meeting, though September cut odds exceed 60%.
The pressure campaign reflects Trump&#8217;s pattern of <a href="https://www.benzinga.com/markets/25/05/45125413/trump-slams-stubborn-federal-reserve-for-not-cutting-interest-rates-they-want-to-be-cute">criticizing Powell</a>, previously calling the Fed &#8220;stubborn&#8221; and claiming superior knowledge of interest rate policy. Read Next:
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<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45898040/scott-bessent-signals-willingness-to-extend-tariff-pause-for-good-faith-negotiations-trump-thinks-not-a-necessity">Scott Bessent Signals Willingness To Extend Tariff Pause For &#8216;Good Faith&#8217; Negotiations, Trump Thinks Not A &#8216;Necessity&#8217;</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: Joshua Sukoff / Shutterstock.com

Trump And JD Vance Push Fed To Slash Interest Rates After Mild Inflation Report, Calling Current Policy 'Monetary Malpractice'

<h3>Companies Reporting Before The Bell</h3>
• America's Car-Mart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRMT#NASDAQ">CRMT</a>) is expected to report quarterly earnings at $0.86 per share on revenue of $343.50 million. 
• Lovesac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) is estimated to report quarterly loss at $0.84 per share on revenue of $136.05 million. 
• Global X Guru Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GURU#NYSE">GURU</a>) is likely to report quarterly loss at $0.05 per share on revenue of $8.42 million. 
• Uxin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) is estimated to report earnings for its first quarter. 
• Yiren Digital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YRD#NYSE">YRD</a>) is expected to report earnings for its first quarter. 
• Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is expected to report quarterly loss at $0.15 per share on revenue of $88.87 million. 
• Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) is likely to report earnings for its first quarter. 
<h3>Companies Reporting After The Bell</h3>
• RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) is projected to report quarterly loss at $0.07 per share on revenue of $818.57 million. 
• Nano Dimension (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNDM#NASDAQ">NNDM</a>) is likely to report earnings for its first quarter. 
• Zedge (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ZDGE#AMEX">ZDGE</a>) is expected to report quarterly earnings at $0.02 per share on revenue of $6.74 million. 
• Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) is projected to report quarterly earnings at $4.97 per share on revenue of $5.80 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ADBE

CRMT

GURU

HOFT

LOVE

NNDM

TOUR

ZDGE

Earnings Scheduled For June 12, 2025

Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is doubling down on its entertainment business with a high-stakes movie, &#8220;F1,&#8221; featuring the renowned Formula 1 driver&nbsp;Lewis Hamilton.
What Happened:&nbsp;Apple CEO Tim Cook, in an interview with &nbsp;<a href="https://variety.com/2025/film/news/f1-apple-movie-strategy-tim-cook-lewis-hamilton-1236424270/">Variety</a>&nbsp;on Wednesday, highlighted that the same technology used in the film is incorporated into the latest iPhone model. &#8220;..just like we leverage the best of Apple across iPhones and across our services, we try to leverage the best of Apple TV+,&#8221; stated Cook. 
Apple&#8217;s investment in &#8220;F1&#8221; marks a significant milestone in its expansion into film and TV production over the past six years.&nbsp;The film is a product of&nbsp;Apple Original Films, Pitt's Plan&nbsp;B, Jerry Bruckheimer Films and Hamilton's Dawn Apollo banner, with Warner Bros. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMD#NYSE">WMD</a>) handling worldwide theatrical distribution. 
Directed by &#8220;Top Gun: Maverick&#8221; filmmaker Joseph Kosinski, the film has received substantial investment in cutting-edge camera technology to vividly capture the high-intensity world of auto racing. 
Tim Cook says the company&#8217;s content efforts, like its involvement in Formula 1 and camera technology, aren't aimed at boosting iPhone sales directly. Instead, he views Apple TV+ as a standalone business that benefits from the company's broader strengths, much like its other products and services. 
"I don't have it in my mind that I'm going to sell more iPhones because of it," explained Cook. 
Apple is teaming up with Lewis Hamilton on a documentary about his life and may also bid for U.S. Formula 1 TV rights starting in 2026.
SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/25/06/45896961/bitcoin-ethereum-dogecoin-fail-to-cheer-softer-inflation-china-trade-deal-analyst-says-btc-needs-to-hold-above-this-level-to-maintain-bullish-momentum" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Fail To Cheer Softer Inflation, China Trade Deal: Analyst Says BTC Needs To Hold Above This Level To Maintain &#8216;Bullish Momentum&#8217; &#8211; Grayscale Bitcoin Mini Trust (BTC) Common</a>
Why It Matters:&nbsp;Apple&#8217;s foray into film production comes as the company has been making significant strides in expanding its streaming service, Apple TV+. Despite&nbsp;<a href="https://www.benzinga.com/markets/25/03/44430524/apple-tv-bleeding-over-1-billion-yearly-as-streaming-war-heats-up-report">reported losses</a>&nbsp;exceeding $1 billion annually, Apple has continued to invest heavily in content.
The company has also been seeking to expand its user base, with a recent move to make the&nbsp;Apple TV+ app available on <a href="https://www.benzinga.com/25/02/43885302/apple-expands-apple-tv-to-android-eyes-subscription-growth-and-ecosystem-expansion-analyst-says">Android devices</a>. The &#8220;F1&#8221; film and potential bid for Formula 1 TV rights align with this strategy, potentially drawing in new subscribers and bolstering the Apple ecosystem.
Furthermore, the advanced camera technology used in the film, which is also incorporated into the latest iPhone model, could serve to showcase Apple&#8217;s tech capabilities. This comes amid&nbsp;criticism of the <a href="https://www.benzinga.com/markets/tech/25/06/45852236/steve-jobs-would-have-fired-everyone-apples-liquid-glass-in-ios-26-gets-roasted-online-dan-ives-calls-wwdc-2025-a-yawner">company&#8217;s recent</a> iOS 26 design, dubbed &#8220;Liquid Glass&#8221;.
Benzinga's Edge Rankings place Apple in the 77th percentile for quality and the 9th percentile for value, reflecting its mixed performance. Check the detailed report <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>.&nbsp;
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12040101/Screenshot-2025-06-12-at-1.30.56%E2%80%AFPM.png" alt="" class="wp-image-947214" /></a></figure>
On a year-to-date basis, Apple declined 18.48%, according to data from <a href="http://pro.benzinga.com">Benzinga Pro.</a>
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45831309/why-jeff-bezos-might-emerge-as-the-biggest-winner-in-the-trump-musk-feud" target="_blank" rel="noreferrer noopener">Why Jeff Bezos Might Emerge As The Biggest Winner In The Trump-Musk Feud</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.

Tim Cook Explains Why Apple's 'F1' Movie Bet With Lewis Hamilton Serves More Than Just iPhone Sales

OpenAI is reportedly seeking to <a href="https://www.benzinga.com/25/04/44580172/openai-finalizes-historic-40-billion-funding-round-valuing-company-at-300-billion-with-backing-from-softbank-and-microsoft">raise $40 billion in funding</a>, with major investments from Saudi Arabia's Public Investment Fund (PIF), India's Reliance Industries and the existing shareholder UAE's MGX.
What Happened: Each investor could contribute at least several hundred million dollars, reported Reuters, <a href="https://www.theinformation.com/articles/openai-discussed-raising-money-saudi-arabia-indian-investors">via</a> The Information.
The Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) backed startup is seeking additional funding to support its model development and its ambitious infrastructure project, Stargate, with the financing round being led by SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>).
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/04/45090992/mark-zuckerberg-warns-of-serious-disadvantage-as-chinas-data-center-blitz-could-let-deepseek-leapfrog-us-ai-labs" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Warns Of ‘Serious Disadvantage&#8217; As China&#8217;s Data-Center Blitz Could Let DeepSeek Leapfrog US AI Labs</a>
OpenAI is also in talks with other major investors, including Coatue and Founders Fund, aiming to raise at least $100 million from each of these firms. The company is reportedly planning an additional $17 billion in funding for 2027, the report added.
Why It&#8217;s Important: Earlier this week, it was reported that <a href="https://www.benzinga.com/markets/tech/25/06/45852700/openai-surges-past-10-billion-in-annualized-revenue-amid-record-chatgpt-use-leaves-rivals-like-amazon-backed-anthropic-behind">OpenAI&#8217;s annualized revenue</a> run rate has nearly doubled to $10 billion, up from $5.5 billion at the end of 2024, excluding Microsoft licensing and one-time deals.
The growth is driven by strong adoption of ChatGPT, which had 500 million weekly active users as of March.
Benzinga's Edge Stock Rankings suggest a positive outlook for Microsoft over the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional detailed metrics are available here</a>.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12032758/Screenshot-2025-06-12-at-12.56.40%E2%80%AFPM.png" alt="" class="wp-image-947167" /></a></figure>
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Svet foto / Shutterstock.com

SFTBF

SFTBY

OpenAI Looks To Raise $40 Billion From Global Investors Including Saudi Arabia's PIF, India's Reliance Industries To Accelerate AI Models And Stargate: Report

Leading Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) advocate Michael Saylor is not too worried about quantum computing&#8217;s potential threat to the network&#8217;s security.
What Happened: During an interview <a href="https://www.youtube.com/watch?v=OBSKfSCfRt0">with</a> Bloomberg that aired Tuesday, the Strategy co-founder was asked about the possibility of quantum computing breaking Bitcoin&#8217;s cryptography.
&#8220;I don&#8217;t&nbsp;worry about it,&#8221; Saylor replied. &#8220;Microsoft and&nbsp;Google market their quantum projects,&nbsp;but they would never sell&nbsp;a quantum computer that cracked&nbsp;cryptography because it would destroy&nbsp;their own companies.&#8221;
Saylor said that while powerful computers may pose a threat to modern cryptography in the next 10-20 years or so, companies like&nbsp;Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Google [Alphabet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)], and&nbsp;JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) will be more vulnerable.
&#8220;When&nbsp;it is a threat, all&nbsp;of these organizations will upgrade&nbsp;their cryptography protocols to be&nbsp;quantum-resistant,&#8221; he predicted. &#8220;You will see it coming a mile away, and every other digital entity in the world is more vulnerable to that idea or threat than Bitcoin.
Benzinga reached out to Microsoft and Google for comment on the claims made by Saylor.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Strategy Buys Another $110 Million of Bitcoin &#x7C; Bloomberg Crypto 6/10/2025" width="500" height="281" src="https://www.youtube.com/embed/OBSKfSCfRt0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/24/11/41703454/analyst-says-this-crypto-could-explode-by-up-to-3-765-and-it-is-not-bitcoin-or-solana" target="_blank" rel="noreferrer noopener">Analyst Says This Crypto Could Explode By Up To 3.765%, And It Is Not Bitcoin Or Solana</a>
Why It Matters:&nbsp;Saylor&#8217;s optimism comes despite growing concerns about the vulnerability of Bitcoin to quantum computing.&nbsp;A study by&nbsp;Google last month suggested&nbsp;that quantum computers could crack RSA encryption, similar to the <a href="https://www.benzinga.com/money/what-is-cryptography" target="_blank" rel="noreferrer noopener">Elliptic Curve Cryptography algorithm</a> used in securing Bitcoin, 20 times faster than expected.
Concerns over&nbsp;<a href="https://www.benzinga.com/24/12/42455205/will-googles-new-willow-chip-break-bitcoin-some-dismiss-it-as-fantasy-while-others-flag-risk-that-isnt-immediate" target="_blank" rel="noreferrer noopener">Bitcoin's cryptography</a>&nbsp;have been mounting since the release of Google's next-generation quantum chip, &#8220;Willow," last year. &nbsp;The chip can solve a standard benchmark computation in under five minutes, a task that would take the world&#8217;s fastest supercomputers 10 septillions, or 10^25, years to solve.
While some experts<a href="https://www.benzinga.com/24/12/42455205/will-googles-new-willow-chip-break-bitcoin-some-dismiss-it-as-fantasy-while-others-flag-risk-that-isnt-immediate" target="_blank" rel="noreferrer noopener">&nbsp;ruled out immediate dangers</a>, others advocated for proactive measures to prepare for the threat, such as switching to quantum-resistant algorithms.
A&nbsp;study led by the University of Kent&#8217;s School of Computing&nbsp;estimated that a protocol update to protect Bitcoin from quantum computing threats <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42546731/bitcoin-could-require-over-300-days-of-downtime-to-prepare-it-for-the-quantum-era-shows-study-amid-google-willow-chip-concern">would require taking the cryptocurrency offline for about 76 days</a>, provided 100% of the bandwidth is committed to the process.
Price Action:&nbsp; Interestingly, quantum computing stocks such as Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) and <a href="NASDAQ: RGTI">Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>)</a> have been on a tear lately. 
QUBT closed 25% higher at $18.97 on Wednesday, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;Over the month, the stock has surged 108%. Similarly, RGTI rallied 11.3% to $12.51 on Wednesday.
QUBT demonstrated a very high momentum score as of this writing. To check out how other quantum computing stocks stack up, visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="561" height="341" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12032256/image-178.png" alt="" class="wp-image-947157" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12032256/image-178.png 561w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12032256/image-178-300x182.png 300w" sizes="(max-width: 561px) 100vw, 561px" /></figure>
Read Next:&nbsp;
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<li><a href="https://benzinga.com/analyst-ratings/analyst-color/24/07/39712837/bitcoin-to-hit-200k-in-2025-analysts-say-core-scientific-iren-energy-will-outperfor" target="_blank" rel="noreferrer noopener">Bitcoin To Hit $200K In 2025: Analysts Say Core Scientific, Iren Energy Will Outperform</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
Image Via Shutterstock

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

Cryptocurrency

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QUBT

RGTI

Michael Saylor Shrugs Off Quantum Computing Threat To Bitcoin, Warns Companies Like Microsoft, Google More Vulnerable: 'You'll See It Coming A Mile Away'

Health Secretary Robert F. Kennedy Jr. named eight new members to the CDC&#8217;s Advisory Committee on Immunization Practices on Wednesday, including several anti-vaccine proponents, after <a href="https://www.benzinga.com/news/health-care/25/06/45853393/robert-kennedy-jr-axes-entire-cdc-vaccine-panel-to-restore-public-trust-pfizer-moderna-other-biotech-stocks-drop-in-after-hours-trading">dismissing all 17 existing advisers</a>.
What Happened: The reconstituted panel includes Robert Malone, a prominent mRNA vaccine opponent aligned with Kennedy&#8217;s Make America Healthy Again movement, and Retsef Levi, who has called for the immediate withdrawal of mRNA vaccines, citing serious harm risks, according to a Reuters report.
The committee advises the CDC on immunization schedules after FDA approval, directly influencing insurance coverage and vaccine policy.
Kennedy justified the overhaul to &#8220;re-establish public confidence in vaccine science,&#8221; claiming prior Biden-appointed members had conflicts of interest without providing specific evidence. The new eight-member committee represents the minimum allowed under ACIP&#8217;s founding charter. See Also:<a href="https://www.benzinga.com/markets/equities/25/06/45897549/jim-cramer-says-america-wont-be-truly-liberated-until-it-strikes-rare-earth-deals-with-other-countries-us-doesnt-have-the-cards"> Jim Cramer Says America Won&#8217;t Be &#8216;Truly Liberated&#8217; Until It Strikes Rare-Earth Deals With Other Countries: US Doesn&#8217;t &#8216;Have The Cards&#8217;</a>
Why It Matters: Kennedy previously fired the entire 17-member panel Monday through a Wall Street Journal op-ed, arguing it had become a &#8220;rubber stamp for any vaccine.&#8221;
The Trump administration simultaneously terminated a $600 million Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) contract for mRNA bird flu vaccine development and removed COVID-19 vaccines from recommended schedules for <a href="https://www.benzinga.com/news/health-care/25/06/45810364/rfk-jr-champions-medical-freedom-while-curtailing-access-say-public-health-experts">healthy pregnant women and children</a>. Kennedy&#8217;s broader <a href="https://www.benzinga.com/government/regulations/25/03/44519638/us-department-of-health-and-human-services-aligns-with-trumps-executive-order-to-cut-10k-jobs-save-18-billion">healthcare restructuring eliminated</a> 10,000 HHS positions to save $1.8 billion annually.
Market reaction was mixed, with Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) and Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) shares declining marginally while Novavax Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) rose in after-hours trading. Earlier this year, <a href="https://www.benzinga.com/markets/25/03/44550801/rfk-jr-spreading-misinformation-and-lies-fdas-top-vaccine-official-walks-out-sparking-debate-on-safety-and-public-trust">FDA&#8217;s top vaccine official</a>, Peter Marks, resigned after condemning Kennedy&#8217;s &#8220;misinformation and lies.&#8221;
The new panel will attend the June 25 ACIP meeting, originally scheduled to deliberate flu shots and 2025-26 COVID-19 booster recommendations. Critics argue Kennedy&#8217;s &#8220;medical freedom&#8221; messaging contradicts policies that restrict vaccine access. Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45897537/jamie-dimon-recalls-first-palantir-meeting-holy-christ-this-is-unbelievable-jpmorgan-now-has-600-ai-use-cases-2-billion-annual-investment-on-ai">Jamie Dimon Recalls First Palantir Meeting: &#8216;Holy Christ, This Is Unbelievable—&#8217; JPMorgan Now Has 600 AI Use Cases, $2 Billion Annual Investment On AI</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: lev radin / Shutterstock.com

Health Care

MRNA

NVAX

RFK Jr. Appoints Vaccine Critics To CDC Vaccine Panel After Firing Entire Advisory Committee: Report

<ul>
<li>Ericsson On-Demand delivers a significant shift in how core network services are deployed, managed and scaled</li>
<li>Provisions core services in minutes, allowing Communication Service Providers (CSPs) to scale effortlessly and pay only for what is used</li>
<li>Combines telecom-grade reliability with public cloud flexibility, for smaller core deployments</li>
</ul>

ERIC

Ericsson And Google Cloud Launch AI-Powered On-Demand Platform To Deliver Carrier-Grade 5G Core as-a-Service For CSPs

Nokia and Elisa modernize network for Advanced 5G era
<ul>
<li>Nokia to supply Advanced 5G (5.5G) ready solutions from its industry-leading AirScale portfolio supporting AI applications.</li>
<li>Continued partnership will see Elisa and Nokia deploy cloud-native Voice Core solution to drive deployment of new 5G Advanced services and improve operational efficiencies.</li>
<li>Elisa to deploy Nokia data center fabric network automation solution for faster time to market and better service availability.</li>
</ul>

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