iShares Ethereum Trust - iShares Ethereum Trust ETF Option Alert: Dec 19 $19 Calls Sweep (15) near the Bid: 1200 vs 2870 OI

iShares Ethereum Trust - iShares Ethereum Trust ETF Option Alert: Dec 19 $19 Calls Sweep (15) near the Bid: 1200 @ $4.328 vs 2870 OI; Ref=$19.32699

iShares Ethereum Trust - iShares Ethereum Trust ETF Azioni (NASDAQ: ETHA)

iShares Ethereum Trust - iShares Ethereum Trust ETF (NASDAQ:ETHA) Azioni

iShares Ethereum Trust - iShares Ethereum Trust ETF

Ethan Allen Interiors Inc

<a href="https://ca.investing.com/news/stock-market-news/gilead-sciences-shares-hit-after-hiv-studies-placed-on-hold-by-fda-4058215" title="https://ca.investing.com/news/stock-market-news/gilead-sciences-shares-hit-after-hiv-studies-placed-on-hold-by-fda-4058215">https://ca.investing.com/news/stock-market-news/gilead-sciences-shares-hit-after-hiv-studies-placed-on-hold-by-fda-4058215</a>

Biotech

News

General

GILD

'FDA Places Clinical Hold On Gilead's HIV Treatment Trials Of GS-1720 And/Or GS-4182; Hold Due To Identification Of Safety Signal Of Decreases In CD4+T-Cell & Absolute Lymphocyte Counts In Subset Of Participants Getting Combo; Intend To Investigate And Pursue Potential Of Both Agents And Work With Regulatory Authorities To Resolve Issues' - Investing

Morgan Stanley analyst Toni Kaplan maintains Equifax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) with a Overweight and raises the price target from $295 to $305.

Price Target

Analyst Ratings

Morgan Stanley Maintains Overweight on Equifax, Raises Price Target to $305

Morgan Stanley analyst Erik Woodring reiterates Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a Overweight and maintains $235 price target.

Reiteration

AAPL

Morgan Stanley Reiterates Overweight on Apple, Maintains $235 Price Target

GOOG

GOOGL

MSFT

'OpenAI Taps Google In Unprecedented Cloud Deal Despite Ai Rivalry, Sources Say'- Reuters Exclusive

Palantir Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) on Tuesday announced <a href="https://www.benzinga.com/pressreleases/25/06/b45856029/fedrigoni-and-palantir-partner-to-accelerate-operational-transformation-with-ai" target="_blank" rel="noreferrer noopener">a multi-year partnership</a> with Fedrigoni, a global reference manufacturer of specialty papers for packaging and other creative applications, self-adhesive labels, graphic supports for visual communication and RFID. 
This strategic alliance accelerates Fedrigoni&#8217;s digital transformation by leveraging advanced AI capabilities and Palantir&#8217;s innovative solutions. Initially focused on stock optimization and demand forecasting, the partnership is expanding to support Fedrigoni&#8217;s comprehensive digital transformation objectives.
The collaboration between Fedrigoni and Palantir represents a pivotal step in enhancing operational efficiency and driving innovation across Fedrigoni&#8217;s global operations.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/06/45805623/palantir-ceo-warns-us-china-ai-race-will-have-one-winner-urges-west-to-keep-up" rel="noreferrer noopener">Palantir CEO Warns US-China AI Race Will Have One Winner, Urges West To Keep Up</a>
By utilizing Palantir&#8217;s AI technology, Fedrigoni seeks to improve its responsiveness to market dynamics and enhance its ability to anticipate and meet customer demands.
Fedrigoni is advised on this project by Avatar Investments, a preferred Partner of Palantir in Italy.
Palantir Technologies stock surged 471% in the last 12 months.
Reportedly, <a target="_blank" href="https://www.benzinga.com/news/contracts/25/05/45702431/palantir-stock-gains-as-trump-expands-companys-role-in-us-government-agencies" rel="noreferrer noopener">the Trump administration</a>&nbsp;has&nbsp;recently expanded&nbsp;the company&#8217;s&nbsp;work across the federal government.
Since Trump took charge, Palantir has received over $113 million in contracts (new and additional existing funds), excluding the $795 million Department of Defense contract.
Price Action:&nbsp;PLTR stock is down by 0.51% at $131.39 at last check Tuesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45855980/nvidias-grace-hopper-platform-powers-europes-fastest-ai-supercomputer" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s Grace Hopper Platform Powers Europe&#8217;s Fastest AI Supercomputer</a></li>
</ul>
Photo: Shutterstock

Tech

PLTR

Fedrigoni Taps Palantir To Boost Demand Responsiveness Dynamics With AI

Telsey Advisory Group analyst Cristina Fernandez maintains Academy Sports (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>) with a Outperform and maintains $60 price target.

Telsey Advisory Group Maintains Outperform on Academy Sports, Maintains $60 Price Target

<a href="https://www.bloomberg.com/news/articles/2025-06-10/world-bank-warns-2020s-face-weakest-global-growth-since-1960s">https://www.bloomberg.com/news/articles/2025-06-10/world-bank-warns-2020s-face-weakest-global-growth-since-1960s</a>

Economics

'World Bank Warns 2020s Face Weakest Global Growth Since 1960s'- Bloomberg

Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) is up 8% over the past 24 hours and multiple bullish technical indicators are fuelling speculation about an <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45354990/scottie-pippen-declares-altcoin-season-as-ethereum-xrp-dogecoin-shiba-inu-rally">upcoming altcoin season</a>.  
What Happened: In a <a href="https://www.youtube.com/watch?v=AZ82g5yTqpw">podcast</a> published on June 9, prominent crypto analyst Kevin argued that Ethereum is exhibiting rare and powerful technical setups that could signal the beginning of one of the strongest altcoin rallies in years. 
He pointed out that several monthly indicators are reaching levels &#8220;never seen before&#8221; in crypto history.
A key highlight was Ethereum's latest monthly demand candle, which Kevin compared to those that preceded major rallies in 2016, 2018, and 2020. &#8220;The one we just received may be the most textbook example yet,&#8221; he said, noting these formations often precede 4–12 months of sustained upside.
Kevin also emphasized that Ethereum's monthly RSI (Relative Strength Index) has yet to break the 70 mark in this cycle, a sign he believes indicates untapped upside. 
"You haven&#8217;t seen what Ethereum is capable of in this cycle," he said. "The real party starts when we break 70, and we're not even close yet."
Further strengthening the bullish case, Kevin pointed to the whale money flow indicator, which is rebounding from its most oversold point in history.
Ethereum&#8217;s monthly stochastic RSI is showing a sharp V-shaped recovery, which he described as &#8220;aggressive, aggressive strength.&#8221;
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45856845/bitcoin-xrp-dogecoin-up-2-eth-surges-7-amid-regulatory-tailwinds">Bitcoin, XRP, Dogecoin Up 2%, ETH Surges 7% Amid Regulatory Tailwinds</a>
Why It Matters: Kevin attributes Ethereum's setup to a combination of technical positioning, seasonal trends, and growing anticipation of a shift in monetary policy. 
ETH has now been consolidating against Bitcoin for 1,066 days, significantly longer than the 761 days seen in the previous cycle before altcoins began to outperform.
The Total 2 chart (which tracks all cryptocurrencies excluding Bitcoin and Ethereum) is also flashing bullish patterns. 
Kevin identified a macro ascending triangle formation that could push the market cap of altcoins to as high as $5.89 trillion, stating, "Everything is lining up beautifully."
Separately, Byzantine General noted that open interest in Ethereum derivatives has surged by $2 billion in the last day. Despite ETH trading at range highs, funding rates remain neutral, a setup that could lead to pain for short sellers.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> $2b OI increase since yesterday, but price is at the range high and funding rates are muted. Shorts are about to have a really bad time it seems. <a href="https://t.co/t3gQpd6kcj">pic.twitter.com/t3gQpd6kcj</a>
&mdash; Byzantine General (@ByzGeneral) <a href="https://twitter.com/ByzGeneral/status/1932378122034503977?ref_src=twsrc%5Etfw">June 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45718946/ethereum-books-record-institutional-inflows-xrp-sees-outflows-what-is-going-on">Ethereum Books Record Institutional Inflows, XRP Sees Outflows: What Is Going On?</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$ETH

ETH Surges 8%: 'You Haven't Seen What Ethereum Is Capable Of In This Cycle,' Analyst Warns

What do you do when a paycheck arrives in your bank account? Not having a plan for the money can result in impulsive purchases or unproductive assets that don't do much for your wealth. However, you can build wealth faster if you use each paycheck correctly, and financial guru Vincent Chan recently shared some strategies to <a href="https://www.tiktok.com/@vincentchanco/video/7512061085889908000?lang=en">maximize your cash</a>.
"It all starts with creating your money map," Chan explained in a recent TikTok.&nbsp;
Chan proceeded to describe the key components of a money map and how you can create one.
Don't Miss:
<ul class="wp-block-list">
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a></li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.30/share!</a></li>
</ul>
<h2 class="wp-block-heading">The Four C's Of Every Money Map</h2>
A money map lays out how you will spend your money, and Chan breaks it into four components. The first number is your capital. This number reflects your take-home pay after your job and side hustles.
After identifying your take-home pay, the next step is to identify your core expenses. These necessities include housing, groceries, utilities, healthcare, transportation, and other essentials. Chan believes you should set aside up to 60% of your income for this expense category.
Then, you put money into your choice buckets, otherwise known as discretionary spending. Chan suggests up to 20% of your take-home pay for this category. The compound bucket, the final component of the money map, should get at least 20% of your take-home pay.
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
<h2 class="wp-block-heading">You Don't Have To Follow The Exact Percentages</h2>
Chan's percentages only serve as a guide. Not everyone has to allocate 60% of their take-home pay toward living expenses and other essentials. If you can, it's optimal to invest well more than 20% of each paycheck and trim down on discretionary expenses.&nbsp;
However, other people may have tighter finances and only have the means to invest 10% of their paycheck each month. You can always adjust the percentages as your financial situation changes. The main benefit of this exercise is knowing where each dollar will go instead of winging your finances.
Itemizing your expenses can also help you decide on the right percentages. You may review your discretionary spending and realize that you can remove some expenses. This step will allow you to invest more money. You don't even have to do this forever. If you can temporarily boost the amount of each paycheck that you invest, the compounding returns will put you in a better position when you approach retirement.
See Also: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
<h2 class="wp-block-heading">Focus On Growing Your Income</h2>
A money map allows you to account for every dollar, but you can only cut costs for so long before it becomes unfeasible. If you want more money to invest and spend, you have to prioritize income growth.
A higher income gives you a higher ceiling. While you shouldn't spend every dollar you make, raising your income to $100,000 will give you more options than earning $50,000 per year. Working extra hours, asking for a raise, job hopping, and picking up a side hustle are some of the ways you can boost income. The latter two are more effective than the first two in the long run.
However, if you grow your income without addressing your personal finances, you risk falling behind on long-term goals. Making more money doesn't make you a better person or more capable of managing your finances. A higher salary simply makes you more of what you already are. Mastering the basics of personal finance will help you capitalize on higher paychecks when they arrive.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">You can invest today for just $0.30/share with a $1000 minimum.</a></li>
</ul>
Image: Shutterstock

Personal Finance

Vincent Chan Explains What You Should Do With Every Paycheck: 'It All Starts With Creating Your Money Map'

Wedbush analyst Daniel Ives reiterates Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a Outperform and maintains $270 price target.

Wedbush Reiterates Outperform on Apple, Maintains $270 Price Target

BWS Financial analyst Hamed Khorsand maintains Nebius Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBIS#NASDAQ">NBIS</a>) with a Buy and raises the price target from $60 to $80.

NBIS

BWS Financial Maintains Buy on Nebius Group, Raises Price Target to $80

Telsey Advisory Group analyst Dana Telsey maintains Designer Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBI#NYSE">DBI</a>) with a Market Perform and maintains $5 price target.

Telsey Advisory Group Maintains Market Perform on Designer Brands, Maintains $5 Price Target

Goldman Sachs remains bullish on Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) even after the stock slipped following its WWDC 2025 <a href="https://www.benzinga.com/markets/tech/25/06/45844424/apple-wwdc-2025-ios-26-announced-with-liquid-glass-design-new-apple-intelligence-features-and-more">keynote on Monday.</a>
The stock reaction was broadly in line with last year's 2% drop after WWDC 2024 as muted artificial intelligence updates and a delayed Siri overhaul disappointed investors hoping for a generative AI leap. 
Siri was mentioned just a handful of times in the keynote, a stark contrast to the 54 mentions during WWDC 2024. This omission fueled investor concerns over Apple's position in the generative AI race against Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). 
Still, Goldman Sachs remains bullish, with analyst Michael Ng reiterating a Buy rating and a $253 price target, implying a 25.6% upside from Monday's close.
<h3 class="wp-block-heading">Goldman: Apple Ecosystem Still Delivers Value</h3>
While the lack of AI breakthroughs was widely noted, Apple focused WWDC25 on refining its operating systems across all platforms, introducing a new visual standard known as Liquid Glass. The UI overhaul brings translucent, adaptive elements to iOS 26, iPadOS 26, macOS 26, watchOS 26, and visionOS 26.
Apple Intelligence updates were also rolled out. These included real-time translation for Messages, FaceTime, and calls, enhanced image creation tools through Genmoji and Image Playground, and new Visual Intelligence features that allow on-screen content to trigger contextual actions like creating calendar events or tracking purchases.
Ng said the updates were "in line with low investor expectations" and emphasized Apple's ability to retain user engagement across its ecosystem even in the absence of headline-grabbing innovations.
He added that the company's incremental software upgrades and design unification should position it well ahead of expected hardware refreshes, including foldable and ultra-thin iPhone models arriving between 2025 and 2027.
"We believe Apple continues to demonstrate best-in-class consumer hardware innovation with a growing foundation in Apple Intelligence," Ng said in his post-keynote report.
Ng highlighted the durability of Apple&#8217;s installed base and its ability to monetize users through services. 
He said these factors should &#8220;support Apple&#8217;s premium multiple&#8221; and mark an inflection point in the company&#8217;s Services business, which is expected to drive the majority of gross profit growth over the next five years.
Goldman forecasts fiscal 2025 revenue of $409 billion, up from $391 billion in 2024, and sees earnings per share rising from $7.16 in 2025 to $8.80 by 2027. The firm expects Apple&#8217;s free cash flow yield to reach 4.8% by 2027, with valuation compression bringing its price-to-earnings ratio down to 22.9x.
Read now: <a href="https://www.benzinga.com/general/education/25/05/45675595/apple-eyes-worst-month-vs-sp-500-since-2018-but-history-says-buy-the-dip-now">Apple Eyes Worst Month Vs. S&amp;P 500 Since 2018 — But History Says Buy The Dip Now</a>
Photo: Shutterstock<span class="author" style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246/0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ;">

Analyst Color

Large Cap

Goldman Sachs Stays Bullish On Apple Despite Post-WWDC25 Stock Dip, Sees 25% Upside

Wells Fargo analyst Mike Mayo maintains JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) with a Overweight and raises the price target from $300 to $320.

Wells Fargo Maintains Overweight on JPMorgan Chase, Raises Price Target to $320

JMP Securities analyst Nicholas Jones maintains IAC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>) with a Market Outperform and lowers the price target from $64 to $47.

JMP Securities Maintains Market Outperform on IAC, Lowers Price Target to $47

Eowyn Chen, CEO of Trust Wallet, emphasized that the path to mass adoption of Web3 lies in creating a seamless user experience where technology becomes <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45830833/crypto-at-point-of-no-return-says-fireblocks-ceo-and-heres-why-he-is-confident-about-it">invisible to users</a>.
In an interview with Benzinga, Chen highlighted that the key to widespread Web3 adoption is abstraction, ensuring users engage with applications without grappling with technical complexities.
"When we stop talking about technology, then it's where the fast adoption is happening," Chen said. "People don't feel the tech underneath there. Like when I'm browsing the internet, I don't say that this is through TCPIP, right? I don't even care about which chain or protocol that this is accessing through."
Chen stressed that the industry must move beyond technical jargon to focus on applications that deliver tangible value. 
She noted that current user experiences, such as key management and gas fees, are improving but are not the primary barrier. 
Instead, the lack of compelling use cases and the perception of crypto as speculative deter mainstream users. 
"Blaming on the user experiences is an easy way of saying scapegoat, but how do we fundamentally create values that actually brings benefits to people in the world that can appeal to different types of the needs will be very, very important," she said.
On what's still missing, Chen pointed to the need for applications that resonate with diverse user needs, particularly in underserved regions. 
She cited Trust Wallet's stablecoin yield feature, which allows users in financially unstable regions to earn yields on stablecoin assets, as an example of addressing real-world needs. 
"There are so many people of our users that are coming from the disadvantaged parts of the world that their financial systems might not be that stable," Chen explained. "So the value proposition for crypto for them is to access for stablecoin assets, like a US dollar backed assets."
Chen also addressed the role of account abstraction and smart wallets, expressing cautious optimism. 
While Trust Wallet has experimented with smart contract wallet features, adoption remains low due to high gas fees and underdeveloped use cases. 
Also Read: <a href="https://www.benzinga.com/markets/25/06/45806495/bitcoin-bull-run-on-the-brink-as-long-term-holders-accelerate-profit-taking-report">Bitcoin Bull Run On The Brink As Long-Term Holders Accelerate Profit-Taking: Report</a>
"The potentials of the smart wallet to unlock what will be the use cases hasn't been fully shown with the potential yet," she noted, urging developers to leverage these technologies to create innovative applications.
Regarding safety in self-custodial environments, Chen underscored that decentralization inherently enhances security by eliminating single points of failure. 
However, she acknowledged the challenge of balancing user experience with compliance, as centralized systems often provide simpler interfaces but compromise on decentralization. 
"It's more about user experiences as a sacrifice to security and decentralization is the balance between these two that we need to worry about," she said.
As wallets evolve to include features like staking and identity management, Chen emphasized the importance of simplicity in product design to avoid overcomplication. 
"Sometimes I think the space challenge is that technologists are using an engineering way to design a product, then you get a lot of jargon," she said, advocating for designs that assume no technical background from users.
Looking ahead, Chen envisions Web3 wallets integrating AI agents to manage tasks like yield optimization and trading strategies, transforming wallets into "trust agents" that empower users. "Our mission is to empower the people to be able to have control and explore opportunities," she said.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/06/45800794/anthony-scaramucci-says-sam-bankman-frieds-25-year-sentence-is-too-steep">Anthony Scaramucci Says Sam Bankman-Fried&#8217;s 25-Year Sentence Is &#8216;Too Steep&#8217;</a></li>
</ul>
Image: Shutterstock

Web3 Will Reach Mass Adoption When Tech Becomes Invisible, Says Trust Wallet CEO

On June&nbsp;10, 2025, Recursion Pharmaceuticals, Inc. ("Recursion" or the "Company"), announced a reduction in personnel and infrastructure aligned with the Company's previously announced streamlined operating strategy and post-integration employee transitions. Based on its revised expense profile and business plan, the Company now expects its projected cash runway to extend into the fourth quarter of 2027.
These changes are expected to result in a workforce reduction of approximately 20%. The Company estimates that it will incur approximately $11&nbsp;million in charges in connection with the workforce reduction, consisting of severance payments, employee benefits, and related costs, substantially all of which the Company expects to incur in the year ending December&nbsp;31, 2025. The Company now expects its cash burn excluding partnership inflows or one-time severance costs to be less than $450&nbsp;million in 2025 and less than $390&nbsp;million in 2026. The Company has the potential to receive over $100&nbsp;million in cash inflows from progress-based milestone payments from partners by the end of 2026.
The Company expects cash, cash equivalents and restricted cash for the quarter ending June&nbsp;30, 2025 to be above $500&nbsp;million compared to $509&nbsp;million as of the quarter ending March&nbsp;31, 2025. This estimate is based on impacts from streamlining of operations, receipt of a one-time $28&nbsp;million R&amp;D tax credit, partnership inflows and utilization of the Company's at-the-market offering program, offset by one-time severance payments

Management

RXRX

Recursion Pharmaceuticals Announces 20% Workforce Reduction And Infrastructure Streamlining To Extend Cash Runway Into Q4 2027, Expects $11M In Severance-Related Charges

DLTH

Duluth Reduced Its Workforce By 51 Employees, Or 3% Of Its Total Workforce, On June 4, 2025

Wells Fargo analyst Whit Mayo maintains Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>) with a Overweight and raises the price target from $48 to $52.

FITB

Wells Fargo Maintains Overweight on Fifth Third Bancorp, Raises Price Target to $52

<a href="https://www.globenewswire.com/Tracker?data=PzJwgMWfRzIw8ib2xCTxe8yItxXrEa6njQTP5AVeoxAu4fZwOuJJ5h8ZB2V55OOvRjx9eOtZrc6LK1KpgGJR3rWlgW7gMp87A6hoqPgUtLs=">Ernexa Therapeutics</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERNA#NASDAQ">ERNA</a>), developing innovative cell therapies for the treatment of advanced cancer and autoimmune disease, today announced a reverse stock split of its issued and outstanding shares of common stock, par value $0.005 per share (the "Common Stock"), at a ratio of 1-for-15, effective June 12, 2025 at 12:01 a.m. Eastern Time. The Company's Common Stock is expected to begin trading on a split-adjusted basis when the market opens on June 12, 2025, under the existing trading symbol "ERNA."
The Company is effecting the reverse split to regain compliance with the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). The new CUSIP number following the reverse stock split will be 114082 308.

Comments

iShares Ethereum Trust - iShares Ethereum Trust ETF

Unusual Options Activity for

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO