Cogent Biosciences (NASDAQ:COGT) Azioni

COGENT BIOSCIENCES INC

Cogent Biosciences

Cogent Biosciences Inc a biotechnology company focused on developing precision therapies for genetically defined diseases. It designs rational precision therapies that treat the underlying cause of disease and improve the lives of patients. Its program CGT9486, is a selective tyrosine kinase inhibitor designed to potently inhibit the KIT D816V mutation as well as other mutations in KIT exon 17. In the vast majority of cases, KIT D816V is responsible for driving Systemic Mastocytosis (SM), a serious disease caused by the unchecked proliferation of mast cells. Exon 17 mutations are also found in patients with advanced gastrointestinal stromal tumors (GIST), a type of cancer with dependence on oncogenic KIT signaling.

Cogent Biosciences Inc

Mohamed El-Erian, a prominent economist and former CEO of PIMCO, has voiced significant concerns regarding the Federal Reserve, asserting that it is &#8220;getting harder to convince people that the Fed is apolitical.&#8221;
What Happened: In a recent <a href="https://substack.com/inbox/post/166923226">Substack</a> post, El-Erian identifies three distinct political narratives that he believes threaten the central bank&#8217;s &#8220;institutional integrity and operational credibility.&#8221; 
The first narrative, according to El-Erian, involves speculation about President Donald Trump potentially appointing a &#8220;de facto shadow chair&#8221; to undermine the authority of current Fed Chair Jerome Powell. This suggests a direct challenge to the established leadership structure within the institution.
Secondly, El-Erian points to recent comments from two Republican-leaning Fed Governors who are reportedly &#8220;pushing for the July FOMC meeting to be &#8216;live,&#8217; implying a possible rate cut.&#8221; This public pressure from within the Fed itself could be perceived as politically motivated, impacting the perception of independent decision-making.
The third narrative posits that Chair Powell might be attempting to &#8220;obfuscate significant policy mistakes during his tenure,&#8221; meaning he was trying to hide, obscure, or make less clear the errors or misjudgments that he may have made.
El-Erian cites examples such as the &#8220;2021 surge in the inflation rate (which remains above target four years later) and the major 2023 bank supervision lapses.&#8221;
According to this view, Powell&#8217;s efforts to &#8220;cement his legacy as a defender of Fed independence&#8221; might ironically lead to policies that are &#8220;too tight for too long.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Three distinct political narratives are now circulating, each risking further erosion of the Federal Reserve&#39;s institutional integrity and operational credibility. The first involves the possible appointment by President Trump of a de facto &quot;shadow chair&quot; to undermine the…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1938312470646436057?ref_src=twsrc%5Etfw">June 26, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46112471/ross-gerber-touts-an-idea-to-cut-deficit-by-trillions-of-dollars-let-the-tax-cuts-e">Ross Gerber Touts An Idea To Cut Deficit By Trillions Of Dollars: ‘Let The Tax Cuts Expire And Full SALT Come Back'</a>
Why It Matters: El-Erian warns that &#8220;the longer these narratives persist, the greater the threats to an institution&#8221; that is not only grappling with complex policy choices but also in the process of revising its &#8220;monetary policy framework,&#8221; which &#8220;proved problematic shortly after its release in August 2020.&#8221;
His analysis underscores a growing challenge to the Fed&#8217;s crucial role in maintaining economic stability amidst increasing political scrutiny.
During his testimony to Congress, Federal Reserve Chair Powell signaled slower growth and hotter inflation after the central bank left interest rates unchanged.
President Trump, who has been pushing the Fed to cut rates, said that he could announce Powell&#8217;s successor by September, whose term ends later in May 2026, <a href="https://www.wsj.com/economy/central-banking/trump-next-federal-reserve-chair-powell-d3edcb9c?mod=hp_lead_pos1">reported</a> the Wall Street Journal. 
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, ended higher on Thursday. The SPY was up 0.78% at $611.87, while the QQQ advanced 0.94% to $546.22, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Friday, the futures of the S&amp;P 500, Dow Jones and Nasdaq 100 indices were trading higher.
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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: Domenico Fornas / Shutterstock.com

Federal Reserve

Mohamed El-Erian Flags Political Narratives Affecting Federal Reserve's 'Institutional Integrity And Operational Credibility'

Elon Musk says humanity can dodge a "population collapse" only if today's parents aim higher than two kids.
What Happened: The billionaire told his 221 million followers on X that "people who have kids do need to have 3 kids to make up for those who have 0 or 1," or birth-rate math will "collapse" society.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">People who have kids do need to have 3 kids to make up for those who have 0 or 1 kid or population will collapse <a href="https://t.co/Gx1N4sW59E">https://t.co/Gx1N4sW59E</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1938254253027717270?ref_src=twsrc%5Etfw">June 26, 2025</a></blockquote>
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Musk fired off the post after entrepreneur Mario Nawfal shared Fortune data showing scientists now peg the replacement rate at 2.7 children per woman, up from the long-accepted 2.1. By contrast, the United States sits at 1.66, and rich nations such as Italy (1.29) and Japan (1.30) are even lower.
The Tesla CEO has pounded this drum for years, warning that shrinking families <a href="https://www.benzinga.com/news/24/09/40744772/elon-musk-sounds-the-alarm-after-eu-birth-rates-hit-record-low-population-collapse-is-a-certainty">threaten economic growth</a>, innovation and even survival. Last fall, he told followers that Europe's plunging fertility made a "population collapse … a certainty." In March, he even confessed to declining birth rates as the one thought that "<a href="https://www.benzinga.com/news/25/03/44550912/elon-musk-reveals-the-one-thought-that-keeps-him-awake-at-night">keeps him awake at night</a>."
See also: <a href="https://www.benzinga.com/news/health-care/25/06/46132209/mark-cuban-calls-out-low-wage-employers-says-taxpayers-are-subsidizing-their-profits-pushes-name-and-shame-strategy-to-cut-medicaid-costs">Mark Cuban Calls Out Low-Wage Employers, Says Taxpayers Are &#8216;Subsidizing&#8217; Their Profits: Pushes &#8216;Name And Shame&#8217; Strategy To Cut Medicaid Costs</a>
Why It Matters: Demographers say the concern is real. CDC figures show America's fertility rate hit another record low in 2024. Globally, average fertility has fallen from about 5.3 births per woman in 1963 to under 2.5 today, according to Our World in Data. Italy's national statistics office <a href="https://www.istat.it/wp-content/uploads/2025/03/DEMOGRAPHIC-INDICATORS_YEAR-2024.pdf">reports</a> parts of Sardinia are already below one child per woman. Japan's 2024 handbook <a href="https://www.stat.go.jp/english/data/handbook/pdf/2024all.pdf">puts</a> its rate near 1.3, despite decades of pronatalist subsidies.
Economists at the International Monetary Fund <a href="https://www.imf.org/en/Publications/fandd/issues/2025/06/the-debate-over-falling-fertility-david-bloom">warn</a> that fewer babies can mean labor shortages, higher pension costs and slower growth unless countries boost productivity or immigration.
Musk, a father of 14, backs incentives for bigger families in aging nations such as Japan, South Korea and much of Europe. "The birth rate is very low in almost every country. And unless that changes, civilization will disappear," he said in March.
Photo Courtesy: Frederic Legrand &#8211; COMEO On Shutterstock.com
Read next: <a href="https://www.benzinga.com/personal-finance/financial-advisors/25/06/46131850/none-of-that-matters-kevin-oleary-says-you-might-have-to-sacrifice-your-marriage-your-dog-and-even-your-moms-love-to-succeed">&#8216;None Of That Matters&#8217; — Kevin O&#8217;Leary Says You Might Have To Sacrifice Your Marriage, Your Dog, And Even Your Mom&#8217;s Love To Succeed</a>

Health Care

General

TSLA

Elon Musk Says People 'Need To Have' 3 Kids To Avoid Population Collapse, Says This Is To Make Up For People Who Have One Or None

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Thursday.
U.S. stocks settled higher on Thursday, with the Dow Jones index gaining more than 400 points during the session.
Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) on Thursday reported better-than-expected earnings for the third quarter. Worthington Steel, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WS#NYSE">WS</a>) shares jumped more than 20% on Thursday as the company reported stronger-than-expected financial results for the fourth quarter.
On the economic front, the first-quarter GDP was revised downward to -0.5% from the previous -0.2% figure, primarily due to a widening goods trade deficit linked to weaker exports. Yet, other data released Thursday painted a more positive picture.
Factory orders in May soared by 16.4% month-over-month to $343.6 billion, marking the biggest increase since July 2014. That followed a revised 6.6% drop in April and smashed market expectations of an 8.5% gain. Weekly jobless claims fell by 10,000 to 236,000 in the week ending June 21, while economists had forecast no change — another sign of labor market resilience.
Most sectors on the S&amp;P 500 closed on a positive note, with communication services, consumer discretionary and energy stocks recording the biggest gains on Thursday. However, real estate and consumer staples stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 404 points to 43,386.84 on Thursday. The S&amp;P 500 rose 0.80% to 6,141.02, while the Nasdaq Composite climbed 0.97% to 20,167.91 during Thursday's session.
Investors are awaiting earnings results from Apogee Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) and Cineverse Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNVS#NASDAQ">CNVS</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 63, the index remained in the &#8220;Greed&#8221; zone on Thursday, versus a prior reading of 58.2.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next:<a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/46115042/top-2-tech-and-telecom-stocks-you-may-want-to-dump-in-june"> </a>
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/46115042/top-2-tech-and-telecom-stocks-you-may-want-to-dump-in-june">Top 2 Tech And Telecom Stocks You May Want To Dump In June</a> </li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

APOG

CNVS

Dow Jumps Over 400 Points Amid Upbeat Earnings: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

A young plumber named Camron called into &#8220;<a href="https://www.youtube.com/watch?v=PQQp_RhArtQ">The Ramsey Show</a>&#8221; with a tough question: Would it make him a bad husband to move away from his wife so he could start a business in his hometown?
He&#8217;s burned out in Portland, Oregon, and wants to return to Carson City, Nevada, where he already has his plumbing license, an LLC, and a network of contacts. His wife, however, is in graduate school to become a physician assistant and has about 18 months left, most of it clinical rotations that could send her across the country.
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<li>Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market.<a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment"> Back a bold new approach to cancer treatment with high-growth potential.</a></li>
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<h2 class="wp-block-heading">&#8220;She&#8217;s Not A Huge Fan Of The Idea&#8221;</h2>
Camron admitted his wife isn&#8217;t on board with the plan. &#8220;She&#8217;s not a huge fan of the idea,&#8221; he said. That alone was enough for co-host Ken Coleman to shut it down.
&#8220;You called, I&#8217;m going to shoot you really straight. That&#8217;s what you want, correct?&#8221; Coleman asked. &#8220;I think this is a horrible idea.&#8221;
Coleman gave three reasons. First, the relationship is key, and his wife is clearly not comfortable with the idea. Second, <a href="https://www.benzinga.com/markets/tech/25/06/45965931/geoffrey-hinton-says-be-a-plumber-if-you-want-to-have-a-safe-job-godfather-of-ai-says-everyone-doing-mundane-intellectual-labor-will-be-replaced">plumbers are in high demand</a> everywhere, so he could easily start a business where he lives now. And third, her future location is unknown, meaning he could set up in Carson City only for her to get a job somewhere far away.
&#8220;Starting the business somewhere else in your hometown to escape some difficult people is not the right solution,&#8221; Coleman said. &#8220;I just don&#8217;t think you&#8217;ve thought it through because I think there&#8217;s a lot of emotion there.&#8221;
He also emphasized that <a href="https://www.benzinga.com/news/24/04/38397890/how-i-escaped-the-corporate-rat-race-and-saved-myself-from-burnout-using-these-10-easy-stress-buster">burnout</a>, while real, shouldn&#8217;t drive a major life decision that could strain a marriage. Instead, Coleman suggested that Camron use his existing skills to build something locally, where he could stay close to his wife and still pursue self-employment.
Trending: This Jeff Bezos-backed startup will allow you to<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> become a landlord in just 10 minutes, with minimum investments as low as $100</a>.
<h2 class="wp-block-heading">&#8220;Suck It Up&#8221;</h2>
Then Camron mentioned something that made both hosts react even more strongly.
&#8220;How long have you guys been married?&#8221; co-host Rachel Cruze asked.
&#8220;Friday will be our one-year anniversary,&#8221; Camron replied.
&#8220;Oh dude, oh no. Don&#8217;t do this,&#8221; Cruze said. &#8220;This is an absolute nuclear no way.&#8221;
&#8220;Suck it up,&#8221; Coleman added.
Cruze explained that marriage, especially in its early years, requires unity and shared decisions. She pointed out that once his wife is finished with school, they can decide together where to live, and he can still <a href="https://www.benzinga.com/startups/24/07/39635675/mark-cuban-reminds-entrepreneurs-its-not-about-your-dream-because-the-market-doesnt-care">pursue his business dreams</a>. &#8220;Someone in the medical field and a plumber? Y&#8217;all are going to make a lot of money,&#8221; Cruze said.
She encouraged Camron to consider this short period as a foundation-building time. Instead of focusing on what he's missing in Portland, he could prepare for the future by gaining experience, <a href="https://www.benzinga.com/personal-finance/25/03/44066359/someone-asked-for-small-money-saving-habits-that-made-a-big-difference-and-the-responses-poured-">saving money</a>, and building stability as a couple.
Their bottom line of the call is to stay put, stick together, and start the business later, together.
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Image: Shutterstock

Personal Finance

Plumber Wants To Leave Portland, Oregon And His Wife Behind To Start A Business. He Asks 'The Ramsey Show,' Would That Make Me A Bad Husband?

The U.S. and China have finalized a trade understanding, building on an agreement reached last month in Geneva. Commerce Secretary Howard Lutnick confirmed the deal, which was signed two days ago, noting that the White House has immediate plans to secure agreements with ten other major trading partners.
What Happened: The accord with China codifies terms established during recent <a href="https://www.benzinga.com/news/macro-notification/25/06/45876366/howard-lutnick-says-us-and-china-reached-a-framework-to-implement-geneva-consensus-following-trump-xi-call-csi-300-index-gains">trade discussions</a> between Beijing and Washington. 
A key component of this agreement is China&#8217;s commitment to supply rare earths, critical materials used in a wide array of products, from wind turbines to jet engines.
&#8220;They're going to deliver rare earths to us,&#8221; Lutnick <a href="https://www.bloomberg.com/news/articles/2025-06-26/us-china-have-finalized-tariff-understanding-lutnick-says?srnd=homepage-asia">told</a> Bloomberg News in an interview, adding that once the deliveries commence, &#8220;we'll take down our countermeasures.&#8221; 
However, the Chinese Foreign Ministry in Beijing did not immediately respond to Benzinga&#8217;s inquiries.
This China agreement marks a significant milestone, especially after both nations previously <a href="https://www.benzinga.com/news/politics/25/06/45715447/xi-jinpings-china-dismisses-trumps-groundless-accusations-on-geneva-trade-deal-breach-vows-strong-retaliation">accused each other of violating</a> earlier &#8220;handshake accords.&#8221; Yet, its success hinges on future actions, particularly China&#8217;s export of rare earth materials. 
See Also: <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46112471/ross-gerber-touts-an-idea-to-cut-deficit-by-trillions-of-dollars-let-the-tax-cuts-e">Ross Gerber Touts An Idea To Cut Deficit By Trillions Of Dollars: &#8216;Let The Tax Cuts Expire And Full SALT Come Back&#8217;</a>
Why It Matters: Lutnick also informed Bloomberg Television that President Donald Trump is prepared to finalize a series of trade deals within the next two weeks, aligning with the president's July 9 deadline to reinstate higher tariffs that were paused in April.
&#8220;We're going to do top 10 deals, put them in the right category, and then these other countries will fit behind,&#8221; Lutnick stated.
While he didn&#8217;t specify which nations would be part of this initial wave, Trump had previously indicated nearing an agreement with India.
The President has also stated he might send &#8220;letters&#8221; dictating trade terms if agreements aren&#8217;t reached in time, with countries being sorted into &#8220;proper buckets&#8221; <a href="https://www.benzinga.com/25/05/45603240/trump-agrees-to-extend-50-tariffs-on-europe-until-july-9-it-was-my-privilege-to-do-so">by July 9</a>. 
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, ended higher on Thursday. The SPY was up 0.78% at $611.87, while the QQQ advanced 0.94% to $546.22, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Friday, the futures of the S&amp;P 500, Dow Jones and Nasdaq 100 indices were trading higher.
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Photo courtesy: miss.cabul / Shutterstock.com

Politics

Howard Lutnick Confirms US-China Trade Agreement, Reaffirms White House's Progress To Close Deals With 10 Other Trading Partners

U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu are reportedly working on a plan to end the ongoing war in Gaza and expand the Abraham Accords, with new countries joining the peace agreement.
What Happened: The plan, as reported by Israel Hayom, would require Israel to commit to supporting a future Palestinian state. This proposal was discussed during a phone call between Trump and Israeli Prime Minister Benjamin Netanyahu on Monday, <a href="https://www.timesofisrael.com/netanyahu-trump-said-working-on-plan-to-end-gaza-war-and-expand-abraham-accords/">stated </a>The Times Of Israel. 
The leaders have reportedly agreed to bring the Gaza war to an end within a two-week timeline, which would require Israel to cease its military operations and Hamas to release the remaining 50 hostages. Following this, the leadership of the Palestinian group would be exiled, and the governance of the war-ravaged region would be jointly undertaken by four Arab nations, including the UAE and Egypt.
The plan also includes provisions for the rehabilitation of the Gaza Strip, absorption of Gazans wishing to emigrate by several undisclosed countries and Israel&#8217;s backing for a future two-state solution contingent on reforms by the Palestinian Authority. In exchange, Washington would acknowledge Israeli sovereignty over certain areas of the West Bank.
Once the war ends and Israel reaffirms its commitment to a two-state solution, Saudi Arabia and Syria are expected to establish diplomatic ties with Israel under the Abraham Accords, with other Arab and Muslim countries likely to follow.
SEE ALSO: <a href="https://benzinga.com/news/health-care/25/06/46131597/bill-gates-says-he-knows-for-a-fact-that-more-children-will-die-due-to-us-health-aid-cuts-and-he" target="_blank" rel="noreferrer noopener">Bill Gates Says He Knows For A &#8216;Fact&#8217; That More Children Will Die Due To US Health Aid Cuts And He&#8217;s Taking The &#8216;Proof&#8217; To Congress</a>
Why It Matters: This development comes amid other significant events in the region. Trump recently urged Israel to cancel or pardon <a href="https://www.benzinga.com/news/politics/25/06/46108200/trump-calls-for-canceling-netanyahus-witch-hunt-corruption-trial-calls-it-a-travesty-of-justice">Netanyahu&#8217;s corruption</a> trial, calling it a &#8220;witch hunt.&#8221; This public support from Trump could have implications for the Israeli political landscape.
Meanwhile, U.S. Senator Elizabeth Warren recently <a href="https://www.benzinga.com/news/politics/25/06/46068097/elizabeth-warren-presses-marco-rubio-over-potential-500-million-usaid-diversion-to-controversial-gaza-foundation-report">raised concerns</a> about a proposal to redirect $500 million from USAID to the Gaza Humanitarian Foundation, a controversial organization. This proposal, if implemented, could have a significant impact on the humanitarian situation in Gaza.
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<li>READ MORE: <a href="https://www.benzinga.com/news/politics/25/06/46132996/marco-rubio-says-everything-under-the-mountains-is-in-bad-shape-rubbishes-claim-trump-strikes-only-bought-iran-time">Marco Rubio Says &#8216;Everything Under The Mountains Is In Bad&#8217; Shape, Rubbishes Claim Trump Strikes Only Bought Iran Time</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.

News

Trump And Israel's Netanyahu Working On Plan To End Gaza War, Expand Abraham Accords: Report

President Donald Trump&#8216;s tariffs on Chinese imports have increased Nike Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) costs by $1 billion. As part of their mitigation strategy, the athletic giant plans to start implementing price hikes in the fall of 2025.
Check out the current price of <a href="https://benzinga.com/quote/nke">NKE stock here</a>.
What Happened: The Beaverton-based company disclosed the substantial tariff impact during its fourth-quarter earnings call on Thursday, outlining a four-pronged approach to offset costs while maintaining brand positioning. 
Chief Financial Officer Matt Friend confirmed the company will implement a &#8220;surgical price increase&#8221; in the United States with phased rollouts starting in fall 2025.
The tariff headwinds are expected to pressure gross margins by approximately 75 basis points for fiscal 2026, with a greater impact in the first half.
Nike&#8217;s comprehensive mitigation strategy includes optimizing sourcing mix, partnering with suppliers and retail partners, implementing selective price increases, and evaluating corporate cost reductions. The company expects to fully offset the billion-dollar impact over time as these actions are implemented and annualized.
See Also: <a href="https://www.benzinga.com/news/health-care/25/06/46132209/mark-cuban-calls-out-low-wage-employers-says-taxpayers-are-subsidizing-their-profits-pushes-name-and-shame-strategy-to-cut-medicaid-costs">Mark Cuban Calls Out Low-Wage Employers, Says Taxpayers Are &#8216;Subsidizing&#8217; Their Profits: Pushes &#8216;Name And Shame&#8217; Strategy To Cut Medicaid Costs</a>
The tariff challenge comes as Nike reported mixed fourth-quarter results, with <a href="https://www.benzinga.com/markets/earnings/25/06/46128469/nike-q4-earnings-revenue-beat-eps-beat-headwinds-expected-to-moderate-moving-forward-company">revenue of $11.1 billion beating estimates</a> of $10.72 billion despite a 12% year-over-year decline. Earnings per share of $0.14 exceeded forecasts of $0.12 by 16.67%.
Why It Matters: Nike&#8217;s sourcing strategy will significantly shift production allocation. Currently, China represents roughly 16% of footwear imports into the United States, but the company expects this to decline to high single digits by fiscal 2026.
Friend emphasized that &#8220;manufacturing capacity and capability in China remains important to our global source base&#8221; despite elevated tariffs.
CEO Elliott Hill acknowledged the challenging environment while expressing confidence in Nike&#8217;s turnaround strategy. The company is implementing its &#8220;Sport Offense&#8221; reorganization to drive growth through sport-specific innovation and marketing while cleaning up marketplace inventory.
Price Action: Nike shares rose 2.81% on Thursday to $62.54 and jumped another 10.73% in after-hours trading following its fourth-quarter earnings release.
While Nike ranks low on Benzinga's Edge Stock Rankings overall, the stock is showing a favorable short-term price trend. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here for deeper insights into Nike and its competitors</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="880" height="646" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27031506/image-421.png" alt="" class="wp-image-964433" style="width:396px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27031506/image-421.png 880w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27031506/image-421-300x220.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27031506/image-421-768x564.png 768w" sizes="(max-width: 880px) 100vw, 880px" /></a></figure>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/earnings/25/06/46132025/nikes-vomero-18-quietly-became-a-100-million-franchise-in-90-days-as-ceo-says-its-time-to-turn-the-page-investor-gary-black-cheers-10-after-hours-rally">Nike&#8217;s Vomero 18 Quietly Became A $100 Million Franchise In 90 Days As CEO Says It&#8217;s &#8216;Time To Turn The Page&#8217; — Investor Gary Black Cheers 10% After-Hours Rally</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: TY Lim / Shutterstock.com

Equities

Nike Faces $1 Billion Trump Tariff Blow, Plans 'Surgical' Price Hikes Starting Fall 2025 To Offset Impact

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects Apogee Enterprises Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) to report quarterly earnings at 47 cents per share on revenue of $325.48 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Apogee Enterprises shares gained 3.1% to $40.89 in after-hours trading.</li>
<li>Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) reported better-than-expected fourth-quarter financial results for fiscal 2025 on Thursday after the market closed. The company reported fourth-quarter revenue of $11.1 billion, beating analyst estimates of $10.72 billion. The company reported fourth-quarter earnings of 14 cents per share, beating analyst estimates of 11 cents per share, according to Benzinga Pro. Nike shares jumped 10.9% to $69.35 in the after-hours trading session.</li>
<li>Analysts are expecting Cineverse Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNVS#NASDAQ">CNVS</a>) to post a loss of 7 cents per share on revenue of $14.29 million for the latest quarter. The company will release earnings after the markets close. Cineverse shares rose 5% to close at $4.18 on Thursday.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>American Outdoor Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOUT#NASDAQ">AOUT</a>) posted upbeat fourth-quarter results. American Outdoor Brands reported quarterly adjusted earnings of 13 cents per share, which beat the analyst consensus estimate for losses of 11 cents per share. Quarterly revenue came in at $61.94 million, beating the Street estimate of $48.46 million. American Outdoor Brands shares climbed 6.6% to $12.75 in after-hours trading.</li>
<li>Concentrix Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) posted mixed second-quarter results after Thursday&#8217;s closing bell. Concentrix reported quarterly earnings of $2.70 per share, which missed the analyst consensus estimate of $2.75. Quarterly revenue came in at $2.42 billion, which beat the Street estimate of $2.38 billion. Concentrix shares dipped 9% to $50.15 in the after-hours trading session.</li>
</ul>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/46115042/top-2-tech-and-telecom-stocks-you-may-want-to-dump-in-june">Top 2 Tech And Telecom Stocks You May Want To Dump In June</a> </li>
</ul>
Photo courtesy: Tupungato / Shutterstock.com

AOUT

CNXC

Nike, American Outdoor Brands And 3 Stocks To Watch Heading Into Friday

STLA

Reported Earlier, Stellantis North America Highlights Quality Gains In 2025 J.D. Power IQS As Customer Satisfaction Rises Across Brands

Reported Earlier, Ellington Financial Announces Estimated Book Value Of $13.41 Per Common Share As Of May 31, 2025

The Greenbrier Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) will release earnings results for the third quarter, after the <a href="https://www.benzinga.com/quote/GBX/earnings">closing bell on Tuesday, July 1.</a>
Analysts expect the Lake Oswego, Oregon-based company to report quarterly earnings at 99 cents per share, down from $1.06 per share in the year-ago period. Greenbrier projects to report quarterly revenue at $785.72 million, compared to $820.2 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On June 23, Greenbrier elected Stevan Bobb and Jeffrey Songer to Board of Directors.
Greenbrier shares gained 2.2% to close at $46.25 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/gbx/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Susquehanna analyst Bascome Majors maintained a Positive rating and cut the price target from $75 to $52 on April 8, 2025. This analyst has an accuracy rate of 62%.</li>
<li>B of A Securities analyst Ken Hoexter maintained an Underperform rating and raised the price target from $60 to $62 on Jan. 9, 2025. This analyst has an accuracy rate of 62%.</li>
<li>Stephens &amp; Co. analyst Justin Long maintained an Overweight rating and increased the price target from $62 to $65 on April 8, 2024. This analyst has an accuracy rate of 69%.</li>
</ul>
Considering buying GBX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/gbx/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="586" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26134925/image-418-1024x586.png" alt="" class="wp-image-963778" style="width:633px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26134925/image-418-1024x586.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26134925/image-418-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26134925/image-418-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26134925/image-418.png 1163w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/46093486/top-2-utilities-stocks-that-may-fall-off-a-cliff-in-q2">Top 2 Utilities Stocks That May Fall Off A Cliff In Q2</a> </li>
</ul>
Photo via Shutterstock

Earnings

Price Target

Markets

Analyst Ratings

Trading Ideas

Greenbrier Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Progress Software Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) will release earnings results for the second quarter, after the<a href="https://www.benzinga.com/quote/PRGS/earnings"> closing bell on Monday, June 30.</a>
Analysts expect the Burlington, Massachusetts-based company to report quarterly earnings at $1.30 per share, up from $1.09 per share in the year-ago period. Progress Software projects to report quarterly revenue of $237.23 million, compared to $175.08 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 31, Progress Software reported better-than-expected first-quarter financial results.
Progress Software shares gained 0.3% to close at $63.75 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/GBX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>DA Davidson analyst Lucky Schreiner maintained a Buy rating and cut the price target from $75 to $70 on April 14, 2025. This analyst has an accuracy rate of 65%.</li>
<li>Guggenheim analyst John Difucci reiterated a Buy rating with a price target of $83 on April 1, 2025. This analyst has an accuracy rate of 68%.</li>
<li>Wedbush analyst Daniel Ives reiterated an Outperform rating with a price target of $75 on April 1, 2025. This analyst has an accuracy rate of 81%.</li>
<li>Citigroup analyst Fatima Boolani maintained a Neutral rating and boosted the price target from $65 to $68 on Jan. 17, 2025. This analyst has an accuracy rate of 79%.</li>
<li>Jefferies analyst Brent Thill maintained a Hold rating and raised the price target from $65 to $70 on Jan. 6, 2025. This analyst has an accuracy rate of 78%</li>
</ul>
Considering buying PRGS stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/PRGS/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="567" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26130859/image-415-1024x567.png" alt="" class="wp-image-963688" style="width:654px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26130859/image-415-1024x567.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26130859/image-415-300x166.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26130859/image-415-768x425.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26130859/image-415.png 1107w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/46093486/top-2-utilities-stocks-that-may-fall-off-a-cliff-in-q2">Top 2 Utilities Stocks That May Fall Off A Cliff In Q2</a> </li>
</ul>
Photo via Shutterstock

PRGS

Progress Software Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Reported Earlier, Williams Prices $1.5B Public Offering Of Senior Notes In Two $750M Tranches Due 2030 And 2035

Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. An amount equal to $10.00 per unit will be deposited into a trust account upon the closing of the offering.

IPOs

FIGXU

Reported Earlier, FIGX Capital Acquisition Corp. Prices $131M Initial Public Offering Of 13.1M Units At $10 Per Unit

TRIN

Reported Earlier, Trinity Capital Prices Upsized $125M Offering Of 6.75% Unsecured Notes Due July 3, 2030

Reported Earlier, Andlauer Healthcare Group Receives Final Court Approval For C$55 Per Share Sale To UPS Affiliate

Future Fund LLC's Gary Black thinks that Elon Musk's Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) holds a key advantage over Robotaxi rivals 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 and Amazon.com Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Zoox.
What Happened: "The one advantage that $TSLA bears don't fully appreciate is that every TSLA robotaxi produced rolls out of the TSLA factory robotaxi-ready," the investor said in a post on social media platform X on Thursday.
He then outlined how Tesla's production capabilities differ from Zoox, Waymo and other autonomous rivals, which, in most cases, modify the vehicle to make it ready for autonomy after the vehicle is produced.
In contrast to Musk's EV giant, which produces autonomy-ready vehicles straight off the lot. "That scale advantage could be very significant," Black said in the post.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The one advantage that <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> bears don't fully appreciate is that every TSLA robotaxi produced rolls out of the TSLA factory robotaxi-ready. TSLA's mass production capability is very different from Waymo, Zoox, and every other manufacturer who make unsupervised autonomous…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1938293531287691641?ref_src=twsrc%5Etfw">June 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The investor's comments come as he <a href="https://www.benzinga.com/markets/tech/25/06/46088826/gary-black-calls-out-lack-of-constructive-feedback-on-teslas-robotaxi-launch">has raised questions</a> about the company's Robotaxi in the past on several occasions. Recently, Black said that investors need to stop focusing on <a href="https://www.benzinga.com/markets/tech/25/06/46110126/gary-black-weighs-in-on-tesla-vs-waymo-debate-says-investors-need-to-stop-focusing-on-efficacy">Robotaxi's efficacy</a> when compared to Waymo.
However, Tesla's <a href="https://www.benzinga.com/markets/tech/25/06/46066530/tesla-wants-to-keep-its-texas-self-driving-data-private-amid-austin-robotaxi-launch-report">Robotaxi launch in Austin</a> on Sunday invited a lot of praise from analysts and experts, with Wedbush Securities' Dan Ives calling it a <a href="https://www.benzinga.com/markets/tech/25/06/46049232/dan-ives-hails-very-impressive-robotaxi-ride-in-austin-predicts-55-upside-for-tesla-stock-as-golden-age-begins">"golden age"</a> for the company, while Piper Sandler analysts think the launch could lead to <a href="https://www.benzinga.com/markets/tech/25/06/46108079/tslas-robotaxi-could-disrupt-auto-industry-says-piper-sandler-contrasts-goldmans-cautious-view-tesla-will-likely-win">disruption in the auto industry</a>.
Despite the praise, there have been concerns about robotaxis, specifically, the FSD or Full Self-Driving tech that's at the helm of the Robotaxi business model.&nbsp;
Recently, the NHTSA said it was going to review incidents of possible <a href="https://www.benzinga.com/markets/tech/25/06/46067027/tesla-robotaxi-faces-nhtsa-scrutiny-over-traffic-violations-during-austin-launch">traffic law violations</a> during the Robotaxi launch, including speeding and driving in the wrong lane.
This comes as Tesla is already facing a <a href="https://www.benzinga.com/markets/tech/25/06/46068107/elon-musks-tesla-faces-wrongful-death-lawsuit-over-model-s-crash-which-claimed-3-lives-plaintiffs-call-cars-design-defective-and-unreasonably-dangerous">wrongful death lawsuit</a> over a fatal Model S crash in New Jersey in 2024. The plaintiffs in the case called the vehicle's design "unreasonably dangerous and flawed."
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="203" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27015139/TSLA-JUN-27-2025-1-1024x203.jpg" alt="" class="wp-image-964325" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27015139/TSLA-JUN-27-2025-1-1024x203.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27015139/TSLA-JUN-27-2025-1-300x59.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27015139/TSLA-JUN-27-2025-1-768x152.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27015139/TSLA-JUN-27-2025-1-1536x304.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27015139/TSLA-JUN-27-2025-1.jpg 1564w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla scores well on Momentum, Quality and Growth metrics, but 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 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/markets/tech/25/06/46048103/teslas-robotaxi-rollout-sparks-expansion-buzz-elon-musks-company-says-fsd-can-be-deployed-anywhere-after-austin-launch">Tesla&#8217;s Robotaxi Rollout Sparks Expansion Buzz: Elon Musk&#8217;s Company Says FSD &#8216;Can Be Deployed Anywhere&#8217; After Austin Launch</a></li>
</ul>
Photo courtesy: Ken Wolter / Shutterstock.com

Tech

AMZN

GOOG

GOOGL

Tesla Robotaxi Has A Major Advantage Over Rivals Waymo And Zoox, Says Gary Black: '...Could Be Very Significant'

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) announced on Thursday new terms allowing developers in the European Union to communicate and promote external purchase offers, marking a significant compliance step under the Digital Markets Act.
What Happened: The tech giant&#8217;s updated terms enable developers to direct users to alternative payment channels, including websites, alternative app marketplaces, or other apps, accessible both within apps through web views or outside the application entirely. 
This represents Apple&#8217;s latest attempt to address EU regulatory pressure <a href="https://www.benzinga.com/markets/equities/24/06/39451832/apple-faces-eu-antitrust-probe-for-breaking-digital-rules-tim-cooks-company-may-face-fine-up-to-">following months of antitrust scrutiny</a>.
Under the new framework, developers can implement actionable links allowing customers to complete purchases through alternative payment processors. However, these transactions will be subject to new fee structures, including initial acquisition fees, store services fees and, for certain arrangements, the Core Technology Commission (CTC).
&#8220;The CTC reflects value Apple provides developers through ongoing investments in the tools, technologies, and services that enable them to build and share innovative apps with users,&#8221; Apple stated in developer documentation released Thursday.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46132309/google-faces-legal-setback-in-japan-pixel-7-series-sales-blocked-amid-patent-dispute-with-south-korean-phone-maker">Google Faces Legal Setback In Japan: Pixel 7 Series Sales Blocked Amid Patent Dispute With South Korean Phone Maker</a>
The changes come after the European Commission imposed requirements under the Digital Markets Act, which aims to break the dominance of large technology platforms. Brussels previously accused Apple of stifling competition on its app store, with the company facing potential <a href="https://www.benzinga.com/markets/equities/24/06/39451832/apple-faces-eu-antitrust-probe-for-breaking-digital-rules-tim-cooks-company-may-face-fine-up-to-">fines up to 10% of global annual revenue</a> for DMA violations.
Apple plans to transition to a single business model across the EU by Jan. 1, 2026, moving from the current Core Technology Fee structure to the Core Technology Commission for digital goods and services transactions. 
Why It Matters: The regulatory action follows Apple&#8217;s February 2024 <a href="https://www.benzinga.com/news/24/02/37195770/big-tech-in-trouble-apple-to-receive-hefty-fine-for-alleged-eu-law-breach">settlement of a €500 million European Commission</a> fine related to music streaming services, stemming from a 2019 Spotify complaint alleging anticompetitive practices in app store policies.
Beginning with iOS 18.6 and iPadOS 18.6, Apple will provide updated user experiences for installing alternative marketplaces or apps from developer websites in the EU. 
For qualifying transactions, Apple will charge a 2% initial acquisition fee within six months of app installation, plus store services fees ranging from 5% to 13% depending on service tier selection. Apps exceeding one million annual installs will remain subject to the €0.50 Core Technology Fee per install.
Apple is currently underperforming in Benzinga's Edge Stock Rankings, showing weak scores and negative price trends across all key metrics. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here for a detailed breakdown of the stock's performance</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 decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27021240/Screenshot-2025-06-27-at-11.38.12%E2%80%AFAM.png" alt="" class="wp-image-964359" style="width:564px;height:auto" /></a></figure>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/earnings/25/06/46132025/nikes-vomero-18-quietly-became-a-100-million-franchise-in-90-days-as-ceo-says-its-time-to-turn-the-page-investor-gary-black-cheers-10-after-hours-rally">Nike&#8217;s Vomero 18 Quietly Became A $100 Million Franchise In 90 Days As CEO Says It&#8217;s &#8216;Time To Turn The Page&#8217; — Investor Gary Black Cheers 10% After-Hours Rally</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: jamesteohart / Shutterstock.com

AAPL

Apple Opens EU App Store To External Payments To Avoid Fines Under Digital Markets Act, But Adds New Fees

U.S. Secretary of State Marco Rubio said Wednesday that U.S. air strikes on Iran's nuclear sites have pushed Tehran "much further away" from a bomb, countering a leaked Defense Intelligence Agency estimate that the setback might last only months.
What Happened: Speaking alongside President Donald Trump at a NATO summit, Rubio <a href="https://www.whitehouse.gov/articles/2025/06/experts-agree-irans-nuclear-facilities-have-been-obliterated/">argued</a> the decisive blow was the destruction of a "conversion facility," the plant that turns gaseous uranium into the solid forms needed to forge a weapon's core. "Everything underneath that mountain is in bad shape," he told reporters. "They are way behind today compared to where they were just seven days ago because of what President Trump did."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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&mdash; Marco Rubio (@marcorubio) <a href="https://twitter.com/marcorubio/status/1938376311690735692?ref_src=twsrc%5Etfw">June 26, 2025</a></blockquote>
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Conversion, according to the Nuclear Threat Initiative, is the <a href="https://www.nti.org/education-center/facilities/uranium-conversion-facility-ucf/?utm_source=chatgpt.com">hinge</a> of the fuel cycle. Without it, enriched uranium cannot be cast into metal or fuel plates for an explosive device. Iran's main facility at Esfahan historically produced both uranium hexafluoride gas and uranium metal under IAEA safeguards.
Rubio dismissed suggestions that the strike <a href="https://www.benzinga.com/news/25/06/46086403/us-attack-on-iranian-nuclear-sites-reportedly-set-tehran-back-only-a-few-months-white-house-calls-assessment-flat-out-wrong">merely bought time</a>. "That story is a false story and really shouldn't be re-reported because it doesn't accurately reflect what's happening," he said, rejecting the DIA's preliminary finding that Iran might replace damaged equipment within the year.
See also: <a href="https://www.benzinga.com/news/politics/25/06/46107752/trump-announces-iran-nuclear-talks-following-us-strikes-that-severely-damaged-iranian-nuclear-program">Trump Announces Iran Nuclear Talks Following US Strikes That &#8216;Severely Damaged&#8217; Iranian Nuclear Program</a>
Why It Matters: Trump repeated that Iran's sites were "obliterated," echoing a White House essay that branded contrary press coverage "fake news." Yet the DIA leak, first reported by CNN and <a href="https://www.theguardian.com/world/2025/jun/24/iran-strikes-nuclear-sites-report">detailed</a> by The Guardian, said Tehran had removed most enriched material before the bombing.
Independent analysts urged caution. The Arms Control Association <a href="https://www.armscontrol.org/blog/2025-06-25/irans-nuclear-facilities-status-updates">noted</a> Esfahan was hit only in a second round of strikes and that some conversion lines may be repairable. Markets are already gaming the fallout. Crypto bettors on Polymarket sharply <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46066361/us-iran-nuclear-deal-in-2025-crypto-bettors-on-polymarket-see-strong-chance-after-trumps-ceasefire-announcement">raised the odds</a> of a 2025 U.S.–Iran nuclear deal after the cease-fire announcement. Meanwhile, Trump&#8217;s comparison of the American strikes on Iran to the bombings of Hiroshima and Nagasaki in 1945 <a href="https://www.benzinga.com/news/politics/25/06/46131078/trumps-comparison-of-us-strikes-on-iran-to-hiroshima-and-nagasaki-atomic-bombings-sparks-outrage-in-japan-unacceptable">sparked criticism</a> from Japanese officials.
Approval ratings for Trump have also <a href="https://www.benzinga.com/news/politics/25/06/46129934/trump-approval-ratings-drop-after-attack-on-iran-tie-for-worst-since-second-term-started">taken a beating</a> in the lead-up and aftermath of the attack on Iran, according to a new Morning Consult poll.
Photo Courtesy: Maxim Elramsisy on Shutterstock.com
Read next: <a href="https://www.benzinga.com/news/topics/25/06/46090389/palantirs-defense-chief-says-iran-nuclear-program-set-back-significantly-by-us-strikes-but-intel-split-on-how-long">Palantir&#8217;s Defense Chief Says Iran Nuclear Program &#8216;Set Back Significantly&#8217; By US Strikes—But Intel Split On How Long</a>

Marco Rubio Says 'Everything Under The Mountains Is In Bad' Shape, Rubbishes Claim Trump Strikes Only Bought Iran Time

Trevor Wells, growth marketing manager at cryptocurrency exchange Gemini, highlighted on Thursday various rewards the firm&#8217;s Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) credit card offers, which co-founder Cameron Winklevoss described as &#8220;insane.&#8221;
What Happened: Wells shared his calculations on X, breaking down the potential returns from a Bitcoin credit card offer. 
He stated that if one spends $3,000 within the first 90 days, they&#8217;ll get $200 in BTC back. If they sign up using a referral link (like from a friend), they get an extra $50, and they also earn 1% back on a minimum purchase of $30.
Adding it all up, it amounted to $280 back when a user spends $3,000, which is about 9.3% back in Bitcoin.
The numbers cheered Winklevoss, who stated, &#8220;insane in the membrane.&#8221; <a href="https://twitter.com/chev0r/status/1938384317341974901?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1938384762973847682%7Ctwgr%5Ef4a70ac8a813a51537b78fd7cbb9edce2377a42b%7Ctwcon%5Es3_&amp;ref_url=https%3A%2F%2Feditorial.benzinga.com%2Fwp-admin%2Fpost.php%3Fpost%3D964242action%3Dedit" target="_blank" rel="noreferrer noopener"></a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">insane in the membrane <a href="https://t.co/R3xVmnbx05">https://t.co/R3xVmnbx05</a>
&mdash; Cameron Winklevoss (@cameron) <a href="https://twitter.com/cameron/status/1938384762973847682?ref_src=twsrc%5Etfw">June 26, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/24/12/42514226/shiba-inu-burn-rate-surges-3609-as-dogecoin-whales-move-5-8-billion-doge-what-is-going-on" target="_blank" rel="noreferrer noopener">Shiba Inu Burn Rate Surges 3,609% As Dogecoin Whales Move 5.8 Billion DOGE: What Is Going On?</a>
Why It Matters:&nbsp;Gemini launched the Mastercard Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45512252/want-a-tesla-cybertruck-geminis-new-bitcoin-credit-card-could-be-your-ticket">powered card last month</a>, offering no annual fees and no fees on foreign purchases. That said, selling or converting crypto rewards would entail fees.
The card is not without its drawbacks. The crypto rewards cannot be used to pay off the credit card balance, <a href="https://www.cnbc.com/select/gemini-credit-card-review/">according </a>to a CNBC report.
Moreover, the card cannot be directly used to buy cryptocurrency on the Gemini exchange, <a href="https://www.bitdegree.org/crypto/gemini-credit-card-review#:~:text=Certain%20transactions%20are%20not%20eligible,on%20the%20Gemini%20exchange%20itself.">according </a>to a review done by the Web3 learning platform BitDegree.
The market has begun to heat up, with fellow cryptocurrency exchange Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) launching its own credit card earlier this month, which also <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45919626/coinbase-ceo-brian-armstrong-teases-crypto-credit-card-powered-by-american-express-bitcoin-cashbacks-offered-but-heres-the-catch">promised cashback rewards</a> in Bitcoin.
Earlier in March, Zebec Network, a payments protocol based on Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), <a href="https://www.benzinga.com/content/44528207/solana-based-zebec-network-launches-crypto-debit-card-with-mastercard">launched its crypto debit card</a>, Zebec Carbon, in collaboration with Mastercard.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $107,460.21, down 0.34% in the last 24 hours, 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>.
As of this writing, the Coinbase stock ranked high on the Growth and Momentum metrics, but lagged in Value. To find similar details about the top cryptocurrency-related equities on Wall Street, head to <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>.
<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="557" height="407" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27012957/image-420.png" alt="" class="wp-image-964304" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27012957/image-420.png 557w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27012957/image-420-300x219.png 300w" sizes="(max-width: 557px) 100vw, 557px" /></a></figure>
 Photo: Wirestock Creators on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/25/06/46107772/tim-draper-says-this-will-be-the-fate-of-bitcoin-and-the-dollar-in-5-years-billionaire-highlights-apps-bui" target="_blank" rel="noreferrer noopener">Tim Draper Says This Will Be The Fate Of Bitcoin And The Dollar In 5 Years — Billionaire Highlights Apps Built On BTC That Matter</a></li>
</ul>

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Cameron Winklevoss Is Touting 'Insane In The Membrane' Gemini Card Offers, But The Bitcoin Rewards Game Is Still In Its Infancy

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