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CirTran Corp offers diversified expertise in manufacturing, marketing, distribution, and technology services in a wide variety of consumer products, including tobacco products, and medical devices. The company operates under the brand name HUSTLER and it sells products like condoms, electronic cigarettes, electronic cigars, cigars, hookahs, hookah tobacco, energy drinks, water beverages and others.

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EVEX

Eve Air Mobility And Future Flight Global Sign LOI for Up To 54 eVTOLs To Transform Urban Air Travel In Brazil And the United States

In a significant development, the Senate <a href="https://www.benzinga.com/markets/cryptocurrency/25/06/45972264/senate-advances-stablecoin-bill-a-defining-moment-for-crypto-market-regulation">passed the GENIUS Act</a> on Tuesday, a bill establishing the country&#8217;s first regulatory framework for dollar-pegged stablecoins.&nbsp;
Prominent names tied to the cryptocurrency industry soon took to social media to celebrate the passage.
What happened: Brian Armstrong, CEO of America's largest cryptocurrency exchange, Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), called it a "big milestone."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Big milestone! <a href="https://t.co/hQtX7IylvN">https://t.co/hQtX7IylvN</a>
&mdash; Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1935153738324545537?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote>
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Paolo Ardoino, CEO of the world's largest stablecoin-issuing company, Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>), wrote "GENIUS" in a post, alongside the emojis of the U.S. national flag and the national bird, the bald eagle.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">GENIUS &#x1f9e0;&#x1f985;&#x1f1fa;&#x1f1f8;
&mdash; Paolo Ardoino &#x1f916; (@paoloardoino) <a href="https://twitter.com/paoloardoino/status/1935094673141281222?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
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Jeremy Allaire, co-founder and CEO of the newly listed stablecoin company, Circle Internet Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>), said that "history was being made" and the legislation would help "drive U.S. economic and national competitiveness" in the years to come.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">History is being made, as the US Senate passes the GENIUS Act, taking us one step closer to breakthrough legislation being signed into law that will drive US economic and national competitiveness for decades to come.
&mdash; Jeremy Allaire &#8211; jda.eth / jdallaire.sol (@jerallaire) <a href="https://twitter.com/jerallaire/status/1935093204572893663?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
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Interestingly, Treasury Secretary Scott Bessent, who has <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45897485/treasury-secretary-scott-bessent-sees-stablecoin-market-surging-past-2-trillion-as-senate-a">strongly backed the GENIUS Act</a>, said that its passage could help stablecoins grow into a $3.7 trillion market by the end of the decade.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Recent reporting projects that stablecoins could grow into a $3.7 trillion market by the end of the decade. That scenario becomes more likely with passage of the GENIUS Act. A thriving stablecoin ecosystem will drive demand from the private sector for US Treasuries, which back…
&mdash; Treasury Secretary Scott Bessent (@SecScottBessent) <a href="https://twitter.com/SecScottBessent/status/1935027160374210573?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
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While the bill passed with bipartisan support in a 68-30 vote, a section of Democrats voted against it, citing the involvement of President Donald Trump and his family with the space.
Sen. Peter Welch (D-Vt.) said the bill allows the President and his family to continue owning, issuing, and profiting off stablecoins.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The GENIUS Act prohibits members of Congress and their families from profiting off stablecoins, but Republicans wrote a carveout into the legislation to make sure at least one person can profit. President Trump. I just voted against it.
&mdash; Senator Peter Welch (@SenPeterWelch) <a href="https://twitter.com/SenPeterWelch/status/1935087298162438280?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
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Sen. Dick Durbin (D-Ill.) said that in the absence of an amendment process, the bill would enable crypto scams "at the expense of unsuspecting Americans."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Today, I voted NO on the GENIUS Act. With no amendment process, this bill will allow crypto ATM scams to continue at the expense of unsuspecting Americans. Conveniently, it also allows the President and his family to continue owning, issuing, and profiting off of stablecoins.
&mdash; Senator Dick Durbin (@SenatorDurbin) <a href="https://twitter.com/SenatorDurbin/status/1935100630764605486?ref_src=twsrc%5Etfw">June 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/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — &#8216;Gold Used To Be That Money, BTC Is The Challenger&#8217;</a>
Why It Matters: Despite early bipartisan momentum, the bill failed a <a href="https://www.benzinga.com/content/45327068/scott-bessent-slams-48-49-senate-snub-will-genius-act-failure-cost-u-s-crypto-crown">procedural vote</a> on May 8 after Senate Democrats abruptly pulled support over national security concerns, AML provisions, and last-minute resistance from key lawmakers.
The bill passed the closure vote last month despite vehement opposition by Sen. Elizabeth Warren (D-Mass.), who <a href="https://www.benzinga.com/25/05/45509721/elizabeth-warren-urges-congress-to-vote-against-genius-act-citing-potential-for-trumps-corruptionanthony-scaramucci-warns-democrats-against-political-suicide">alleged</a> that the legislation would "turbocharge" Trump's corruption, citing the family-backed USD1 stablecoin.
The bill now heads to the House for further debate before it reaches Trump's desk for approval.
Photo Courtesy: ddRender on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45988475/us-military-action-on-iran-odds-rise-on-crypto-betting-site-polymarket-as-trump-demands-unconditional-surrender">US Military Action On Iran? Odds Rise On Crypto Betting Site Polymarket As Trump Demands &#8216;Unconditional Surrender&#8217;</a></li>
</ul>

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$USDT

COIN

Senate Passes GENIUS Act—Coinbase's Brian Armstrong Calls It 'Big Milestone,' Scott Bessent Says Passage Could Drive Stablecoins Into A $3.7 Trillion Market

Elon Musk&#8216;s X Corp filed a federal lawsuit Tuesday against New York state, challenging the constitutionality of legislation requiring social media platforms to disclose content moderation practices for hate speech and extremism.
What Happened: The lawsuit targets the Stop Hiding Hate Act, which X claims violates First Amendment protections by forcing disclosure of &#8220;highly sensitive and controversial speech&#8221; policies, reported Reuters. The Manhattan federal court filing argues the law subjects platforms to potential lawsuits and fines up to $15,000 per violation daily.
&#8220;Deciding what content is acceptable on social media platforms engenders considerable debate among reasonable people about where to draw the correct proverbial line,&#8221; X stated in court documents. &#8220;This is not a role that the government may play.&#8221;
The law, authored by state Senator Brad Hoylman-Sigal and Assemblymember Grace Lee with Anti-Defamation League support, was signed by Governor Kathy Hochul in December. It requires platforms to report progress on eliminating hate speech, disinformation, harassment, and foreign political interference, according to the report.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45988833/iran-says-whatsapp-a-tool-for-israeli-surveillance-meta-hits-back-calling-it-false-reports" target="_blank" rel="noreferrer noopener">Iran Says WhatsApp A Tool For Israeli Surveillance — Meta Hits Back, Calling It ‘False Reports'</a>
Why It Matters: X&#8217;s legal challenge follows similar <a href="https://www.benzinga.com/markets/equities/24/04/38477389/elon-musk-take-fight-for-free-speech-abroad-feuds-with-australia-and-brazil-over-content-restric">content moderation disputes globally</a>. The platform faces ongoing tensions with Brazil over account restrictions and recently settled with California over nearly identical disclosure requirements in February.
Musk, who acquired <a href="https://www.benzinga.com/government/24/09/40781224/elon-musk-to-be-summoned-by-uk-parliament-over-role-of-social-media-platform-x">Twitter for $44 billion in October 2022</a> and rebranded it as X, eliminated many content moderation policies while positioning himself as a &#8220;free speech absolutist.&#8221; Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock has faced pressure repeatedly in the past amid concerns over Musk&#8217;s X-related activities.
The complaint references legislative sponsors&#8217; criticism of X&#8217;s &#8220;disturbing record&#8221; on content moderation that &#8220;threatens the foundations of our democracy.&#8221; 
X based its constitutional challenge on a 2023 federal appeals court <a href="https://www.benzinga.com/news/24/09/40722358/elon-musks-x-triumphs-in-appeal-over-california-law-on-content-moderation-policies-congrats-for-defe">decision that partially blocked California&#8217;s similar law</a> over free speech concerns. The legislators expressed confidence that their law would withstand judicial scrutiny, stating Musk&#8217;s resistance demonstrates the legislation&#8217;s necessity.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45988475/us-military-action-on-iran-odds-rise-on-crypto-betting-site-polymarket-as-trump-demands-unconditional-surrender" target="_blank" rel="noreferrer noopener">US Military Action On Iran? Odds Rise On Crypto Betting Site Polymarket As Trump Demands ‘Unconditional Surrender'</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

TSLA

Elon Musk's X Sues New York Over 'Stop Hiding Hate' Act, Calls Disclosure Mandate A Violation Of Free Speech

Macro Economic Events

Econ #s

Economics

U.K. Consumer Price Index (MoM) For May 0.2% Vs. 0.2% Est.; 1.2% Prior

U.K. Consumer Price Index (YoY) For May 3.4% Vs. 3.3% Est.; 3.5% Prior

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) will shut down production at the Texas Gigafactory, which manufactures the Cybertruck and the Model Y, over the Independence Day weekend.
What Happened: The planned shutdown would begin on June 30, which was decided after a meeting with workers at the factory. All production activities would begin the following week, Business Insider reported <a href="https://www.businessinsider.com/tesla-model-y-cybertruck-production-pause-july-4-2025-6">on</a> Tuesday.
The report suggests that the halt would help Tesla carry out some maintenance work on its production line. This is the third such halt of production lines in the past year at Elon Musk's EV giant.
The company has told the employees that they can use their paid time off or come in for voluntary training and cleaning during the production shutdown, the report said.
Why It Matters: News of the production shutdown comes as Tesla is gearing up to roll out the Robotaxi in <a href="https://www.benzinga.com/markets/tech/25/06/45942936/elon-musks-cybercab-ambitions-just-got-a-boost-as-nhtsa-eases-regulations-for-autonomous-vehicles">Austin on June 22</a>, with CEO Elon Musk saying that Tesla vehicles would drive right up to customers' houses starting June 28.
Tesla is a key player in the U.S. autonomous driving sector, as the company, with recent data suggesting that the company's <a href="https://www.benzinga.com/markets/tech/25/06/45966726/tesla-vehicle-production-cost-1-7-that-of-waymo-elon-musks-ev-giant-closer-to-full-autonomy-than-competition-report">cost for the robotaxi</a> is 1/7 that of Robotaxi rival Alphabet Inc.'s (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>) Waymo.
However, despite developments in the self-driving taxi sector as well as autonomous driving as a whole, Tesla is still dealing with<a href="https://www.benzinga.com/markets/tech/25/06/45969242/elon-musk-has-a-new-problem-byd-beats-tesla-in-global-ev-sales-amid-europe-expansion"> falling sales figures </a>throughout the globe.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="206" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18012007/TSLA-JUN-18-2025-1024x206.jpg" alt="" class="wp-image-953280" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18012007/TSLA-JUN-18-2025-1024x206.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18012007/TSLA-JUN-18-2025-300x60.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18012007/TSLA-JUN-18-2025-768x155.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18012007/TSLA-JUN-18-2025-1536x309.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18012007/TSLA-JUN-18-2025.jpg 1549w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla scores well on Momentum, Quality and Growth metrics. However, the stock offers poor Value. 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</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:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45965638/amid-trumps-anti-ev-push-senate-republicans-propose-tax-bill-to-axe-7500-ev-credit">Amid Trump's Anti-EV Push, Senate Republicans Propose Tax Bill To Axe $7500 EV Credit</a></li>
</ul>
Photo courtesy: Ken Wolter / Shutterstock.com

Tech

GOOG

GOOGL

Tesla Will Shut Down Production At The Texas Gigafactory Over The 4th Of July Weekend

Steve Jobs earned a reputation for merciless standards, yet sometimes his demand for perfection came wrapped in jaw-dropping generosity.
What Happened: Ron Givens, Apple's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) director of quality from 1981 to 1986, recalled the day a secretary shuffled in late. Jobs stormed over to ask why, and she admitted her car had died that morning.
"That afternoon, he walks into her office, tosses a set of keys to a brand-new Jaguar and says, ‘Here, don't be late anymore,'" Givens told WRAL in an <a href="https://www.wral.com/story/10230791/">interview</a> back in 2011. A Jaguar XJ cost roughly $35,000 in 1981, about $123,000 in today's dollars when adjusted for inflation, making the spur-of-the-moment gift an extraordinary employee perk.
The story illustrates the paradox of Apple's co-founder, who was a boss employees feared, yet one who could motivate "out of your socks," as Givens put it. Jobs, then 26, lived and breathed the company, prowling hallways to grill engineers on pixel placement one minute and springing surprises the next.
See also: <a href="https://www.benzinga.com/markets/equities/25/06/45968913/bill-gates-once-scoffed-spend-all-day-with-a-guy-who-just-picks-stocks-before-discovering-that-the-stock-picker-had-a-masterminds-blueprint-for-w">Bill Gates Once Scoffed, &#8216;Spend All Day With A Guy Who Just Picks Stocks?&#8217;—Before Discovering That The &#8216;Stock Picker&#8217; Had A Mastermind&#8217;s Blueprint For Winning In Business</a>
Givens, two decades older, said he often thought Jobs's ideas were "stupid" until their brilliance clicked later. Back in 2011, he said he still kept a $1,000 Steuben-glass apple Jobs had handed him unannounced.
Why It Matters: Steve Jobs ran Apple with icy precision, insisting on "<a href="https://www.benzinga.com/news/management/25/05/45190886/steve-jobs-warned-the-difference-between-good-and-great-software-engineers-is-50to1-admitted-firing-non-performers-was-very-painful-yet-necessary">only A players</a>" and admitting that firing weaker talent, though "very painful," was necessary to maintain high standards. His late-night demands could left teams exhausted, and Pixar's Pete Docter later said Jobs's <a href="https://www.benzinga.com/markets/tech/25/06/45943213/steve-jobs-shared-this-work-habit-with-elon-musk-and-jeff-bezos-says-pixar-exec-but-vows-never-to-repeat-it">3 am phone calls</a> were a work trait he would "never repeat."
Elon Musk openly praises that edge, agreeing with Jobs that a CEO's chief duty is "recruiting exceptional talent" rather than hand-holding staff, and he echoes Jobs's view that "the greatest people are <a href="https://www.benzinga.com/tech/24/11/42253830/elon-musk-agrees-with-steve-jobs-on-the-most-important-job-of-a-ceo-heres-what-the-legendary-apple-co-founder-had-to-say">self-managing</a>."
Not every leader wants the full Jobs playbook. Bill Gates once called comparing Musk to the "genius" Jobs a "<a href="https://www.benzinga.com/personal-finance/25/04/44780772/bill-gates-said-its-a-gross-oversimplification-to-compare-elon-musk-to-genius-steve-jobs-you-wouldnt-walk-into-a-room-and-confu">gross oversimplification</a>," warning that charisma can mask managerial chaos.
Photo Courtesy: rnkadsgn on Shutterstock.com
Read next: <a href="https://www.benzinga.com/markets/tech/25/06/45940555/naval-ravikant-says-elon-musks-a-purist-recalling-why-he-likely-never-speaks-to-bill-gates" target="_blank" rel="noreferrer noopener">Naval Ravikant Says Elon Musk's A ‘Purist' Recalling Why He Likely Never Speaks To Bill Gates</a>

AAPL

Steve Jobs Once Gave A Secretary A Brand New Jaguar Out Of The Blue, Here Is Why The Apple Co-Founder Was So Generous

The Israel Defense Forces launched coordinated strikes against Iranian nuclear and weapons facilities near Tehran using more than 50 fighter jets, escalating Middle East tensions that have already boosted defense sector equities and oil prices.
What Happened: The IDF confirmed Tuesday it targeted a uranium centrifuge production site in Tehran designed to expand Iran&#8217;s nuclear enrichment capabilities. 
Intelligence Directorate guidance enabled precision strikes on multiple weapons manufacturing facilities producing ground-to-ground and surface-to-air missile components.
&#8220;The Iranian regime enriches uranium intended for nuclear weapons development,&#8221; the IDF stated, emphasizing that civilian nuclear programs don&#8217;t require such enrichment levels. 
The operation specifically targeted raw materials and assembly components for missiles Iran has launched toward Israel.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">צה&quot;ל תקף הלילה אתר ייצור צנטריפוגות ומספר אתרי ייצור אמצעי לחימה של המשטר האיראני יותר מ-50 מטוסי קרב של חיל האוויר, בהכוונה מודיעינית מדויקת של אגף המודיעין, השלימו בשעות האחרונות סדרת תקיפות של מטרות צבאיות במרחב טהראן. במסגרת המאמץ הנרחב לפגוע בתכנית לפיתוח הנשק הגרעיני… <a href="https://t.co/RNAAvSChgl">pic.twitter.com/RNAAvSChgl</a>
&mdash; צבא ההגנה לישראל (@idfonline) <a href="https://twitter.com/idfonline/status/1935189614563639665?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45988833/iran-says-whatsapp-a-tool-for-israeli-surveillance-meta-hits-back-calling-it-false-reports">Iran Says WhatsApp A Tool For Israeli Surveillance — Meta Hits Back, Calling It &#8216;False Reports&#8217;</a>
Why It Matters: Defense contractors rallied in after-hours trading following the strikes. Israel&#8217;s Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) rose 1.12% after hours, while RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) climbed 0.72%.
The broader defense sector saw after-hours gains, with Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) rising 1.06% and Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) up 0.60%. Defense-focused ETFs also advanced, as the iShares U.S. Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITA#NYSE">ITA</a>) added 0.38%, while the Global X Defense Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHLD#NYSE">SHLD</a>) gained 0.39%
President Donald Trump <a href="https://www.benzinga.com/markets/market-summary/25/06/45988507/trump-demands-irans-uncoditional-surrender-stock-futures-remain-steady-defense-shares-trade-higher-in-after-hours-trading">dismissed ceasefire speculation</a>, telling reporters aboard Air Force One he seeks &#8220;a real end&#8221; to Iran&#8217;s nuclear program with Tehran abandoning it &#8220;entirely.&#8221; His Truth Social posts called for Iran&#8217;s &#8220;unconditional surrender&#8221; while threatening Iran&#8217;s Supreme Leader.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45988475/us-military-action-on-iran-odds-rise-on-crypto-betting-site-polymarket-as-trump-demands-unconditional-surrender">US Military Action On Iran? Odds Rise On Crypto Betting Site Polymarket As Trump Demands &#8216;Unconditional Surrender&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Global

ESLT

iShares Dow Jones US Aerospace & Defense Index Fund

KTOS

SHLD

Israel Says It Struck Iranian Centrifuge Site, Missile Factories Near Tehran With Over 50 Jets To Disrupt Weapons Program

Anthony Scaramucci, founder and CEO of SkyBridge Capital, tapped into the ongoing debate about political integrity Tuesday by quoting former President Harry Truman.
What happened: In an X post, Scaramucci remembered words of the 33rd president of the U.S., which go like,
"I could never lend myself to any transaction, however respectable, that would commercialize on the prestige and dignity of the office of the presidency. Show me a man that gets rich by being a politician, and I&#8217;ll show you a crook."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"I could never lend myself to any transaction, however respectable, that would commercialize on the prestige and dignity of the office of the presidency Show me a man that gets rich by being a politician, and I&#39;ll show you a crook." Harry Truman, President of the United States
&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1935080432875221445?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Notably, Truman was one of the <a href="https://www.benzinga.com/general/entertainment/22/05/27383372/9-poorest-presidents-of-all-time">poorest U.S. presidents</a>, having started as a near-bankrupt clothes salesman in Missouri before serving a total of 18 years in Washington, D.C.&nbsp;
Soon, X users converged on the post, making comparisons to rich politicians, including President Donald Trump, <a href="https://www.benzinga.com/general/entertainment/22/05/27403957/who-are-the-9-richest-presidents-of-all-time">who is the wealthiest U.S. president ever</a>, and Nancy Pelosi.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/SpeakerPelosi?ref_src=twsrc%5Etfw">@SpeakerPelosi</a> has entered the chat!
&mdash; Publius X (@Mrodgerss232) <a href="https://twitter.com/Mrodgerss232/status/1935081884100198796?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Scaramucci didn't immediately return Benzinga's request to throw more light on his post.
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/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — &#8216;Gold Used To Be That Money, BTC Is The Challenger&#8217;</a>
Why It Matters: Scaramucci has been a <a href="https://www.benzinga.com/news/25/04/44658808/scaramucci-on-tariffs-there-is-stupid-and-then-there-is-donald-trump-stupid">known critic of Trump's policies</a>, and even if not explicitly named, the post could imply a critique of the president.
In the past, Scaramucci blasted the launch of Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) memecoin as&nbsp; <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43076714/scaramucci-criticizes-donald-trumps-meme-coin-launch-idi-amin-level-corruption">&#8220;Idi Amin-level corruption&#8221;</a> and also flagged concerns around cryptocurrency ventures backed by Trump's family.
According to the president's latest financial disclosure, the family-backed cryptocurrency venture World Liberty Financial yielded him $57.4 million last year, <a href="https://www.benzinga.com/news/politics/25/06/45939551/trump-made-57-4-million-from-family-crypto-firm-plus-big-bucks-from-branded-guitars-sneakers-and-watches">positioning it as one of his primary sources of income</a>.
Moreover, his sons Eric Trump&nbsp;and&nbsp;Donald Trump Jr.&nbsp;unveiled a &#8220;<a href="https://www.benzinga.com/news/25/06/45987984/donald-trump-wants-you-to-use-his-new-47-mobile-plan-with-a-499-gold-phone-made-in-america">made in America&#8221; Trump-branded mobile phone</a> venture during an event earlier this week, with the gold version of the phone costing $499 and monthly plans at $47.45.
Photo Courtesy: Al Teich On Shutterstock.com
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Anthony Scaramucci Quotes Harry Truman To Take A Sly Dig At Trump's Recent Ventures? — 'Show Me A Man That Gets Rich By Being A Politician…'

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Trade Balance For May -637.6B Vs. -893.0B Est.; -115.6B (Revised) Prior

Reported Earlier, Japan Exports (YoY) For May -1.7% Vs. -3.8% Est.; 2.0% Prior

Reported Earlier, Japan Adjusted Trade Balance -0.31T Vs. -0.37T Est.; -0.35T (Revised) Prior

President Donald Trump announced Tuesday he will extend the June 19 deadline for ByteDance to divest TikTok&#8216;s U.S. assets by 90 days, marking the third reprieve from a congressionally mandated ban despite mounting legal challenges.
What Happened: White House Press Secretary Karoline Leavitt confirmed Trump will sign an executive order this week extending the deadline to mid-September, reported Reuters. 
&#8220;President Trump does not want TikTok to go dark,&#8221; she said, adding the administration will use the next three months to ensure a sale closes with data security assurances for American users.
The extension comes as a proposed deal to spin off TikTok&#8217;s U.S. operations into a majority U.S.-owned entity remains stalled. 
The transaction, which would serve TikTok&#8217;s 170 million American users, was put on hold after China indicated it would not approve the divestment following Trump&#8217;s announcement of <a href="https://www.benzinga.com/news/global/25/04/44881637/president-trump-hints-at-cooling-tariff-war-with-china-says-tiktok-divestment-will-be-postponed-until-trade-issues-are-settled">steep tariffs on Chinese goods</a>.
Trump acknowledged the Chinese approval requirement Tuesday aboard Air Force One. &#8220;Probably have to get China approval but I think we&#8217;ll get it. I think President Xi will ultimately approve it,&#8221; he said when asked about the extension.
See Also: <a href="https://www.benzinga.com/markets/market-summary/25/06/45988507/trump-demands-irans-uncoditional-surrender-stock-futures-remain-steady-defense-shares-trade-higher-in-after-hours-trading">Trump Demands Iran&#8217;s &#8216;Unconditional Surrender&#8217; — Stock Futures Remain Steady, Defense Shares Trade Higher In After-Hours Trading</a>
Why It Matters: The original law required TikTok to cease operations by January 19 unless ByteDance completed divesting U.S. assets or demonstrated significant progress toward a sale. Trump <a href="https://www.benzinga.com/news/global/25/04/44881637/president-trump-hints-at-cooling-tariff-war-with-china-says-tiktok-divestment-will-be-postponed-until-trade-issues-are-settled">first extended the deadline to early April</a>, then to June 19, citing the app&#8217;s role in helping him with young voters during the 2024 election.
The ongoing tariff dispute with China, which saw duties on Chinese goods rise to 145%, has complicated negotiations as both <a href="https://www.benzinga.com/news/global/25/04/44881637/president-trump-hints-at-cooling-tariff-war-with-china-says-tiktok-divestment-will-be-postponed-until-trade-issues-are-settled">countries navigate trade tensions</a>.
In March, Trump indicated a willingness to reduce tariffs on China to <a href="https://www.benzinga.com/general/social-media/25/04/44856624/tiktoks-us-policy-chief-steps-down-as-bidding-war-heats-up-after-trump-extends-deadline-report">facilitate the ByteDance divestment deal</a>. However, the broader trade relationship remains uncertain as formal negotiations have yet to gain significant momentum.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: XanderSt / Shutterstock.com

Trump Extends TikTok Divestment Deadline Again, Says 'Xi Will Ultimately Approve' The Deal Amid Stalled US Spinoff Talks

Senate Republicans have released their version of the House of Representatives' tax bill, with the $250 annual fee on EVs removed.
What Happened: The House version of the bill included the $250 fee on EVs as well as a $100 fee on Hybrids. However, Senate Republicans have chosen not to include those in their version, Politico reported <a href="https://www.eenews.net/articles/the-ev-and-hybrid-fee-is-dead-for-now/">on</a> Tuesday.
The report suggested that the Senate version killed the fee, which would've increased annually with inflation because it was "too onerous to execute."
However, the report also says that the senators could try to bring back the fee in some other form.
Why It Matters: The <a href="https://www.benzinga.com/markets/tech/25/06/45965638/amid-trumps-anti-ev-push-senate-republicans-propose-tax-bill-to-axe-7500-ev-credit">Senate had released</a> its version of the bill, which included the House-approved plan to axe the $7500 Federal EV credit offered on all EV purchases. It also axes the $4000 credit on used EVs.
This comes in as U.S. President Donald Trump recently <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45911368/trump-signs-resolutions-to-overturn-californias-ev-mandate-report">signed a resolution</a> that barred California from adopting its EV mandate, which aimed to make ICE-powered vehicles obsolete in favor of EVs and Hybrids.
Amid this, Trump also admitted that he<a href="https://www.benzinga.com/news/politics/25/06/45943245/trump-says-he-was-amazed-that-tesla-ceo-elon-musk-endorsed-him-despite-his-anti-ev-stance"> was "amazed" </a>by Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk's endorsement of his campaign despite knowing Trump's stance on EVs.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Photo courtesy: Shutterstock

Senate Republicans Axe $250 Annual Fee On EVs, $100 Fee On Hybrids In Tax Bill Proposal: Report

Meta Platforms, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) instant messaging service, WhatsApp, is pushing back against allegations by the Iranian government that it is being used by Israel to identify and target individuals.
What Happened: On Tuesday, Iran's state-run news agency IRIB reported that authorities warned <a href="https://www.benzinga.com/24/12/42679787/hardline-iran-turning-soft-reformist-government-lifts-whatsapp-google-play-ban-promises-this-path-will-continue">citizens to stop using</a> WhatsApp, Telegram and other "location-based applications," asserting that they are tools for Israeli surveillance, <a href="https://edition.cnn.com/world/live-news/israel-iran-attacks-06-17-25-intl-hnk">reported</a> CNN.
In response, a WhatsApp spokesperson issued a statement expressing concern.
"We're concerned these false reports will be an excuse for our services to be blocked at a time when people need them the most," the spokesperson said.
The company underscored that it does not track users' precise locations and that all communications are secured.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45988600/mark-zuckerbergs-meta-dangled-100-million-signing-bonuses-to-openai-team-members-says-sam-altman-happy-none-of-our-best-people-took-them">Mark Zuckerberg&#8217;s Meta Dangled &#8216;$100 Million Signing Bonuses&#8217; To OpenAI Team Members, Says Sam Altman: Happy &#8216;None&#8217; Of Our Best People Took Them</a>
"All of the messages you send to family and friends on WhatsApp are end-to-end encrypted, meaning no one except the sender and recipient has access to those messages, not even WhatsApp," the spokesperson said.
The platform also stated that WhatsApp does not provide mass user data to any government and pointed to Meta's public transparency reports detailing rare instances of lawful information requests, the report added.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Meta&#8217;s platforms have previously faced restrictions from Iran's government during times of civil unrest.
In 2022, during widespread protests <a href="https://www.benzinga.com/news/22/11/29694537/iran-issues-first-death-sentence-amid-anti-regime-riots-un-says-stop-sentencing-peaceful-protesters">over the death of 22-year-old</a> Mahsa Amini in police custody, Meta reported that Iranian authorities had heavily restricted access to Instagram to limit the flow of protest-related information, <a href="https://www.cbsnews.com/news/meta-concerned-iran-telling-citizens-stop-using-whatsapp/">reported</a> CBS News.
Israel launched airstrikes on Friday aimed at Iranian nuclear sites, key scientists and senior military officials. In response, Iran fired dozens of ballistic missiles.
Since then, both countries have exchanged multiple rounds of missile attacks. The Israeli military reports at least 24 deaths and many injuries in Israel, while Tehran states that over 224 people have died in Iran since the strikes began, the report added.
According to the internet watchdog group NetBlocks, internet usage in Iran dropped by 75% on Tuesday amid the growing conflict.
<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">&#x26a0;&#xFE0F; Confirmed: Analysis of telemetry shows a significant reduction in internet traffic in <a href="https://twitter.com/hashtag/Iran?src=hash&amp;ref_src=twsrc%5Etfw">#Iran</a>; the incident comes amid an escalating conflict with Israel and is likely to limit the public&#39;s ability to access information at a critical time &#x1f4c9; <a href="https://t.co/WOqfHTdxc0">pic.twitter.com/WOqfHTdxc0</a>
&mdash; NetBlocks (@netblocks) <a href="https://twitter.com/netblocks/status/1935012084938330209?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action: On Tuesday, Meta fell 0.70% during regular market hours and dipped another 0.38% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings reflect a sustained positive trend for META 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 performance data is available 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/2025/06/18002545/Screenshot-2025-06-18-at-8.48.07%E2%80%AFAM-1.png" alt="" class="wp-image-953244" /></a></figure>
Photo Courtesy: BigTunaOnline on Shutterstock.com Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Media

Iran Says WhatsApp A Tool For Israeli Surveillance — Meta Hits Back, Calling It 'False Reports'

Cryptocurrency behemoth&nbsp;Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)&nbsp;is seeking&nbsp;the SEC&#8217;s approval to offer &#8220;tokenized equities&#8221; to its customers, according to a report on Tuesday.
What Happened: Paul Grewal, the chief legal&nbsp;officer of Coinbase, said in a Reuters interview that the concept is a &#8220;huge priority&#8221; for the company. However, he did not disclose whether an official request had been submitted&nbsp;to the SEC or when&nbsp;a potential product launch might&nbsp;occur.
&#8220;With&nbsp;a no action letter, an&nbsp;issuer of a tokenized equity&nbsp;or a platform that wishes&nbsp;to offer secondary trading in&nbsp;those equities can have some&nbsp;confidence, some comfort, that the&nbsp;SEC has adopted its view&nbsp;of why this product is&nbsp;compliant,&#8221; Grewal said.
The SEC didn&#8217;t immediately return Benzinga&#8217;s request for comment.
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/24/09/41078941/if-you-invested-100-in-shiba-inu-when-the-coin-launched-heres-how-much-youd-have-now" target="_blank" rel="noreferrer noopener">If You Invested $100 In Shiba Inu When The Coin Launched, Here&#8217;s How Much You&#8217;d Have Now </a>
This move by Coinbase comes in the wake of similar efforts by other companies. Last month, Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) <a href="https://www.benzinga.com/25/05/45537142/robinhoods-push-to-bring-wall-street-on-blockchainbrokerage-firm-submits-proposal-to-sec-to-regulate-tokenized-assets">proposed a federal framework</a> to the SEC for tokenized real-world assets. 
Currently, tokenized equities are not&nbsp;available for trading in the&nbsp;U.S., but firms&nbsp;are experimenting with the concept.&nbsp;Rival cryptocurrency exchange Kraken announced&nbsp;last month <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45571765/kraken-to-launch-247-tokenized-stock-trading-for-global-users-via-solana">that it is&nbsp;launching tokens of U.S. equities</a>,&nbsp;called xStocks, via Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), which will be&nbsp;available in select markets outside&nbsp;the U.S.
Price Action: Shares of Coinbase fell 0.35% in after-hours trading after closing 2.95% lower at $253.85 during Tursday&#8217;s regular trading session, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. 
As of this writing, COIN ranked high on growth, an indicator of a stock&#8217;s combined historical expansion in earnings and revenue across multiple periods.&nbsp;But does it perform better than Robinhood stock? Visit&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a> to find out.
<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 loading="lazy" decoding="async" width="423" height="186" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18002428/image-270.png" alt="" class="wp-image-953242" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18002428/image-270.png 423w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18002428/image-270-300x132.png 300w" sizes="(max-width: 423px) 100vw, 423px" /></a></figure>
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Photo Courtesy: Mehaniq On Shutterstock.com
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>

$SOL

HOOD

Coinbase Eyes SEC Nod For Blockchain-Based Stocks— Legal Head Paul Grewal Says It's A 'Huge Priority'

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) issued a rebuttal to Democratic lawmakers Monday, rejecting allegations of mass surveillance and comparing criticism to &#8220;collaboration with Nazi Germany and South Africa&#8217;s apartheid regime.&#8221;
What Happened: The data analytics company responded to a congressional letter triggered by a New York Times report claiming the Trump administration was using Palantir to compile American citizen data. 
&#8220;Palantir is not building a master database. Palantir is neither conducting nor enabling mass surveillance of American citizens,&#8221; the company stated, emphasizing its 20-year government partnership record.
Chad Wahlquist, Palantir&#8217;s Forward Deployed Architect, defended the company&#8217;s data practices on social media, highlighting the platform&#8217;s &#8220;transparent lineage&#8221; capabilities. He explained that Palantir&#8217;s software automatically captures data provenance and transformation records, creating auditable trails for every data interaction.
&#8220;Every time you build, secure, transform, combine, or action data, provenance and lineage are captured automatically,&#8221; Wahlquist wrote, comparing the process to journalism&#8217;s &#8220;5 W&#8217;s&#8221; principle.
<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">Don't trust me&#8230;..learn to find the truth. There is a growing lack of trust in information and data. I have spent my entire career seeking truth through data, and I'd like to unpack why it matters and share a few anecdotes that make this complex topic more approachable.… <a href="https://t.co/jWqPlwv09c">https://t.co/jWqPlwv09c</a>
&mdash; Chad Wahlquist (@chadwahl) <a href="https://twitter.com/chadwahl/status/1934952550135914515?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/06/45983526/trump-wants-an-end-not-a-ceasefire-for-the-israel-iran-war-what-that-means-for-etfs">Trump Wants &#8216;An End, Not a Ceasefire&#8217; For The Israel-Iran War: What That Means For ETFs</a>
Why It Matters: The congressional inquiry follows reports that federal agencies, including Health and Human Services and the Social Security Administration, use Palantir&#8217;s Foundry platform for data analysis.
Palantir emphasized its current military support role, stating &#8220;thousands of U.S. soldiers are relying on our platforms to protect America,&#8221; while software enables &#8220;lifesaving decisions at hospitals&#8221; and the CDC&#8217;s measles outbreak response.
The company&#8217;s defense comes as shares hit new all-time highs, climbing 452% over 12 months. Recent catalysts include a $795 million Defense Department <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45955030/palantir-technologies-pltr-stock-hits-a-new-all-time-high-whats-going-on">contract and partnerships with companies</a> like Fedrigoni. 
According to&nbsp;Benzinga's Edge Stock Rankings, Palantir shows strong Short-, Medium-, and Long-Term Price Trends. Here's&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">how the stock performs across other key metrics</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="890" height="644" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17234549/image-269.png" alt="" class="wp-image-953214" style="width:414px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17234549/image-269.png 890w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17234549/image-269-300x217.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17234549/image-269-768x556.png 768w" sizes="(max-width: 890px) 100vw, 890px" /></a></figure>
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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.
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Palantir Rejects Surveillance Claims After Being Compared To Nazi Collaborators, Touts PLTR's 'Transparent Lineage'

Alphabet Inc.'s (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>) self-driving taxi service, Waymo, has announced it will serve multiple new areas in California.
What Happened: The company took to social media platform X to announce the expansion of its services on Tuesday. "Starting today in SF, with new areas coming to LA later this week," Waymo said in the post.
Areas in the Bay Area include Brisbane, South SF, Millbrae, Burlingame and San Bruno, as well as Menlo Park in Silicon Valley. While in Los Angeles, the service would now be available in the Inglewood and Silverlake areas.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Ride to more places in the Bay and LA. &#x2728; Starting today in SF, with new areas coming to LA later this week. Download the Waymo One app to see our new service areas. <a href="https://t.co/delkMqkO4k">pic.twitter.com/delkMqkO4k</a>
&mdash; Waymo (@Waymo) <a href="https://twitter.com/Waymo/status/1935012059806061025?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
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Why It Matters: The expansion comes after Waymo <a href="https://www.benzinga.com/markets/tech/25/06/45853688/tesla-robotaxi-rival-waymo-suspends-services-in-downtown-la-following-vandalism-during-anti-ice-protests" target="_blank" rel="noopener">temporarily ceased operations </a>in Downtown Los Angeles following the Anti-ICE protests, which led to vandalism of the Waymo fleet, with over five autonomous taxis damaged.
Despite this, Waymo remains a key player in the U.S. Robotaxi race, having recently reached the <a href="https://www.benzinga.com/25/05/45539621/tesla-robotaxi-rival-waymo-reaches-10-million-paid-rides-milestone-as-robotaxis-step-into-the-spotlight" target="_blank" rel="noopener">10 million paid autonomous rides</a> milestone.
Elsewhere, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is gearing up to launch its own Robotaxi service in Austin on June 22 as <a href="https://www.benzinga.com/markets/tech/25/06/45966726/tesla-vehicle-production-cost-1-7-that-of-waymo-elon-musks-ev-giant-closer-to-full-autonomy-than-competition-report">Elon Musk's Cybercab ambitions</a> begin to take shape.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="189" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17232824/GOOGL-JUN-18-2025-1024x189.jpg" alt="" class="wp-image-953201" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17232824/GOOGL-JUN-18-2025-1024x189.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17232824/GOOGL-JUN-18-2025-300x55.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17232824/GOOGL-JUN-18-2025-768x142.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17232824/GOOGL-JUN-18-2025-1536x284.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17232824/GOOGL-JUN-18-2025.jpg 1558w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Alphabet scores well on Quality and Growth metrics, while offering satisfactory Value and 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:
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<li><a href="https://www.benzinga.com/25/05/45511328/ross-gerber-slams-teslas-fsd-technology-ahead-of-robotaxi-launch-maintains-bearish-views-on-elon-musks-company-after-dumping-10-stake-in-q1-2025">Ross Gerber Slams Tesla&#8217;s FSD Technology Ahead Of Robotaxi Launch, Maintains Bearish Views On Elon Musk&#8217;s EV Giant After Dumping 10% Stake in Q1</a></li>
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Photo courtesy: Sundry Photography / Shutterstock.com

Tesla Robotaxi Rival Waymo Expands Services In California Amid US Autonomous Vehicle Push

Billionaire entrepreneur Elon Musk is once again raising concerns regarding the U.S. fiscal outlook, warning of dire consequences as interest on Federal debt balloons to unsustainable levels.
What Happened: On Tuesday, in a post on X, Musk warned that the United States was teetering on the edge of &#8220;de facto bankruptcy&#8221; as federal debt surpasses $37 trillion, and interest payments on this debt now accounting for 25% of all tax revenue.
Quoting a post by popular X account, Wall Street Mav, Musk says that &#8220;if this continues,&#8221; then all tax revenues will eventually go toward servicing the national debt, with &#8220;nothing left for anything else.&#8221;
See Also: <a href="https://www.benzinga.com/news/politics/25/06/45988135/bernie-sanders-slams-israels-illegal-attack-on-iran-says-absolutely-imperative-that-the-united-states-not-be-dragged-into-this-war">Bernie Sanders Slams Israel&#8217;s &#8216;Illegal&#8217; Attack On Iran, Says &#8216;Absolutely Imperative That The United States Not Be Dragged Into This War&#8217;</a>
The quoted post highlights the gravity of the situation, stating that of the $5 trillion in total U.S. Government revenue, interest payments now account for $1.2 trillion, while the government continues to spend $7 trillion annually, resulting in persistent and ever-growing deficits.
Economist Peter Schiff responded to Musk&#8217;s post, saying that the U.S. is already bankrupt, and that it&#8217;s &#8220;just a matter of time before it&#8217;s obvious to our creditors.&#8221; Schiff then warns that following this, &#8220;interest rates will skyrocket to the point&#8221; where debt servicing costs will exceed total tax revenue. 
&#8220;The Fed will unleash runaway inflation in an attempt to prevent that from happening,&#8221; Schiff said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We already are bankrupt. It&#39;s just a matter of time before it&#39;s obvious to our creditors. Then interest rates will skyrocket to the point that interest on the national debt exceeds total tax revenue. The Fed will unleash run-away inflation in an attempt to prevent that from…
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1934738331772047584?ref_src=twsrc%5Etfw">June 16, 2025</a></blockquote>
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Why It Matters: Last month, Deutsche Bank's&nbsp;Jim Reid warned that the U.S. faces &#8220;death by a thousand cuts,&#8221; and gradual erosion of confidence if <a href="https://www.benzinga.com/markets/25/05/45535837/us-faces-death-by-a-thousand-cuts-as-national-debt-tops-36-trillion-cautions-deutsche-bank-the-drip-drip-drip-of-poor-fiscal-news-building-up?utm_source=chatgpt.com">the fiscal situation</a> is not rectified. 
Musk, who until recently headed the Trump administration&#8217;s Department of Government Efficiency, or DOGE, called out the <a href="https://www.benzinga.com/news/politics/25/06/45757029/elon-musk-slams-congressional-spending-bill-as-a-disgusting-abomination">GOP&#8217;s Budget Reconciliation Bill</a>, for its tax cuts and &#8220;massive, outrageous, pork-filled&#8221; spending package, referring to it as a &#8220;disgusting abomination.&#8221;
Recently, JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon <a href="https://www.benzinga.com/markets/economic-data/25/05/45704089/jamie-dimon-warns-of-bond-market-crisis-caused-by-us-debt-binge-youre-going-to-panic">warned regulators and market participants</a> of a looming dislocation, saying that &#8220;You're going to see a crack in the bond market.&#8221;  Photo courtesy: Joshua Sukoff / Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45988475/us-military-action-on-iran-odds-rise-on-crypto-betting-site-polymarket-as-trump-demands-unconditional-surrender">US Military Action On Iran? Odds Rise On Crypto Betting Site Polymarket As Trump Demands &#8216;Unconditional Surrender&#8217;</a></li>
</ul>

Elon Musk Warns US Faces 'De Facto' Bankruptcy If $37 Trillion Debt Not Tackled, Peter Schiff Says, 'We Are Already Bankrupt'

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) reportedly offered $100 million compensation <a href="https://www.benzinga.com/news/topics/25/05/45711103/metas-llama-ai-team-suffers-talent-exodus-as-top-researchers-join-2b-mistral-ai-backed-by-andreessen-horowitz-and-salesforce">packages to lure top</a> OpenAI talent but CEO Sam Altman says the company's best people are staying put because they believe more in achieving AGI.
What Happened: Speaking on a podcast with his brother, Jack Altman, which was released on Tuesday, Altman confirmed recent reports that <a href="https://www.benzinga.com/news/24/03/37928164/mark-zuckerberg-reportedly-woos-ai-talent-from-googles-deepmind-with-personal-emails-meta-ceo-offers">Meta tried to recruit</a> researchers from his company and 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 DeepMind as part of its AI talent push.
The offers, Altman said, included nine-figure compensation deals.
Also Read:&nbsp;<a href="https://www.benzinga.com/media/25/05/45680165/meta-hits-1-billion-monthly-ai-users-eyes-future-with-subscriptions" target="_blank" rel="noreferrer noopener">Meta Hits 1 Billion Monthly AI Users, Eyes Future With Subscriptions</a>
"They [Meta] started making these giant offers to a lot of people on our team," Altman said. "Like $100 million signing bonuses, more than that [compensation] per year."
"I'm really happy that, at least so far, none of our best people have decided to take them up on that," the OpenAI CEO added.
He went on to say that OpenAI staffers believe the company has a better shot at achieving artificial general intelligence (AGI) and that Meta's approach—focusing on compensation over mission—won't foster the kind of innovation necessary for success.
"We&#8217;re set up such that if we succeed at that and a lot of people on our research team believe we will or we have a good chance at it, then everybody will do great financially," Altman said.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
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Why It's Important: Despite offering million-dollar salaries, Meta is reportedly facing a <a href="https://www.benzinga.com/markets/tech/25/06/45899037/metas-mark-zuckerberg-is-losing-top-ai-talent-to-openai-and-anthropic-even-as-it-shells-out-millions-in-salaries-report">talent exodus from its AI division</a>, with employees increasingly moving to rivals like OpenAI and Anthropic.
According to the 2025 SignalFire State of Talent Report, the demand for AI talent is surging, and companies are struggling to retain skilled workers. Anthropic stands out with an industry-leading 80% retention rate, DeepMind retains 78% of its staff, while OpenAI and Meta lag behind at 67% and 64%, respectively.
Last week, it was announced that Meta has <a href="https://www.benzinga.com/markets/tech/25/06/45919069/meta-invests-in-scale-ai-at-29-billion-valuation-taps-ceo-alexandr-wang-to-drive-internal-ai-push-as-part-of-deepening-partnership">made a strategic minority investment</a> in Scale AI, valuing the company at over $29 billion. As part of the partnership, Scale AI&#8217;s founder Alexandr Wang will join Meta to support its AI efforts while remaining on Scale's board.
Price Action: Meta shares have gained 16.35% so far this year. On Tuesday, the stock declined 0.70% during regular trading and slipped an additional 0.38% after hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings indicate a continued upward trend for META 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'">Further performance details 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/2025/06/17232010/Screenshot-2025-06-18-at-8.48.07%E2%80%AFAM.png" alt="" class="wp-image-953193" /></a></figure>
 Photo Courtesy: Primakov on Shutterstock.com Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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>
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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.

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