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GrafTech International Ltd

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Soon capable of running 1 quintillion FP64 operations per second, JUPITER is on track to be Europe's first exascale supercomputer. The system enables faster simulation, training and inference of the largest AI models — including for climate modeling, quantum research, structural biology, computational engineering and astrophysics — empowering European enterprises and nations to drive scientific discovery and innovation.
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News

NVDA

NVIDIA Says Jupiter Supercomputer, Powered By The NVIDIA Grace Hopper Platform In Europe, Is Delivering More Than 2X Speedup For High-performance Computing And AI Workloads Compared With The Next-fastest System

The recent immigration raids in Los Angeles have put the spotlight on the popular hardware store chain&nbsp;Home Depot&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), leading to protests and potential business implications.
What Happened: The federal immigration raids in Los Angeles have targeted Home Depot, among other locations. The raids, which took place at a Home Depot in the Westlake neighborhood and other locations, resulted in the arrest of numerous individuals, including day laborers hired by Home Depot&#8217;s customers, <a href="https://www.latimes.com/business/story/2025-06-09/home-depot-in-the-crosshairs-of-immigrations-raids">reported</a> The Los Angeles Times.
Many of these customers—ranging from homeowners to contractors—frequently depend on undocumented workers for construction and home repair work. The raids have triggered protests, including clashes between demonstrators and authorities at a Home Depot in Paramount, a largely Latino suburb in the south of Los Angeles.
Additional raids were conducted on Monday at Home Depot locations in Whittier and Huntington Park, as speculation about further operations spread across social media.
A Home Depot spokesperson confirmed on Monday to the publication that the company was not informed about the raids beforehand and was not involved in the operations. The Atlanta-based retail giant is now dealing with the repercussions of these raids, which could potentially impact customer traffic.
SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45852346/elon-musk-recently-said-yes-to-impeaching-trump-and-the-odds-of-that-happening-in-2025-rose" target="_blank" rel="noreferrer noopener">Elon Musk Recently Said &#8216;Yes&#8217; To Impeaching Trump And The Odds Of That Happening In 2025 Rose On This Crypto Betting Market</a>
Why It Matters: This situation presents a significant challenge for the Atlanta-based chain, which has previously been politically targeted because of its co-founder&nbsp;Bernie Marcus, a Republican megadonor. The company has distanced itself from the co-founder&#8217;s political affiliations ever since. 
Home Depot has been in the news for various reasons. The company&nbsp;<a href="https://www.benzinga.com/news/earnings/25/05/45518559/home-depot-flags-tariff-and-supply-chain-risks-in-risk-statement-but-does-not-revise-outlook">reported its </a>first-quarter 2025 results&nbsp;in May, with sales rising 9.4% year over year to $39.86 billion. However, adjusted earnings per share fell 3% to $3.56, missing the $3.60 estimate. Despite this, the company reaffirmed its full-year outlook.
The company also&nbsp;highlighted its <a href="https://www.benzinga.com/25/05/45536279/home-depot-accelerates-supply-chain-diversification-shifts-sourcing-away-from-single-countries-management-sees-limited-impact-from-tariffs">supply chain </a>diversification strategy&nbsp;during its earnings call, estimating a &#8220;limited&#8221; tariff impact.
Despite reporting a mixed quarter, the Home Depot management remained confident about its diversification strategies during its first quarter earnings call on Tuesday. The recent immigration raids and protests could potentially impact the company&#8217;s operations and customer base.
Benzinga's Edge Rankings place Home Depot in the 48th percentile for momentum and the 37th percentile for growth, reflecting its moderate performance. Check the detailed report <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>.&nbsp;
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10050344/Screenshot-2025-06-10-at-2.33.39%E2%80%AFPM.png" alt="" class="wp-image-944349" /></a></figure>
On a year-to-date basis, the stock declined 5.99%, according to data from <a href="http://pro.benzinga.com">Benzinga Pro.</a>
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45851993/mr-wonderful-kevin-oleary-says-he-was-once-told-by-a-ceo-to-shut-up-and-that-leveled-up-his-negotiat" target="_blank" rel="noreferrer noopener">Mr Wonderful, Kevin O&#8217;Leary, Says He Was Once Told By A CEO To &#8216;Shut Up&#8217; And That Leveled Up His Negotiation Skills — Fellow &#8216;Shark&#8217; Mark Cuban Also Flexes This Superpower</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

Home Depot Targeted In Immigration Raids Amid LA Protests, Threatening Customer Traffic

NTWK

NETSOL Technologies Announced UK-Based Charles And Dean Has Expanded Its Adoption Of NETSOL's Transcend Marketplace By Selecting An End-to-end Multi-channel Origination Portal

As part of the settlement, Mullen has transferred full, unencumbered ownership of its manufacturing facility located at 12900 McKinley Highway in Mishawaka, Indiana, to GEM. The transfer satisfies a federal court judgment in GEM's favor. This settlement will resolve all related claims without further litigation and enables the Company to focus on forward-looking operational priorities.

MULN

Mullen Automotive, GEM Yield Bahamas Limited And GEM Global Yield LLC Finalized A Settlement Resolving All Outstanding Legal Disputes Between Parties

Memecoins led cryptocurrency market gains Tuesday morning, as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) regained $110,000 in an overnight surge.
What happened: Dogwifhat popped over 16% to become the most successful cryptocurrency in the last 24 hours. The Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based token's trading volume soared 132% to $588.66 million. The rally helped WIF erase its weekly losses.
The cryptocurrency's Open Interest lifted 18.84% in the last 24 hours, <a href="https://www.coinglass.com/LongShortRatio">according </a>to Coinglass. Additionally, over 62% of Binance derivatives traders with an open WIF position placed bullish bets on the memecoin, according to the Long/Short ratio.
Meanwhile, the Relative Strength Index, used to determine if the asset is overbought or oversold, flashed a &#8220;Neutral&#8221; signal for the coin, <a href="https://in.tradingview.com/symbols/WIFUSDT/technicals/">according </a>to TradingView. The Bull Bear Power Indicator also gave a "Neutral" reading.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>24-Hour Gains +/-</td>
<td>Price (Recorded at 4:22 a.m. ET)</td>
</tr>
<tr>
<td>Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>)</td>
<td>+16.32%</td>
<td>$1.03</td>
</tr>
<tr>
<td>Fartcoin (FARTCOIN)</td>
<td>+14.94%</td>
<td>$1.23</td>
</tr>
</tbody>
</table>
</figure>
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>
Fartcoin, another Solana-based memecoin, jumped nearly 15% to become the third-biggest cryptocurrency gainer in the last 24 hours.. Trading volume jumped 73% to $256.5 million, suggesting high liquidity and investor preference.
The frivolously named cryptocurrency registered a 14.86% jump in 24-hour Open Interest, sailing to an all-time high of $721.70 million.
Both WIF and FARTCOIN outgained meme heavyweights, such as Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) could only gain 5.06% and 4.20%. respectively, over the previous day.
The memecoin upsurge followed Bitcoin's&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45852222/bitcoin-crosses-110000-ethereum-and-dogecoin-also-surge-amid-us-china-trade-optimism-analyst-says-eth-building-up-next-big-breakout" target="_blank" rel="noreferrer noopener">sharp rally</a>&nbsp;on Monday, where it spiked above $110,000 after a two-week gap. This surge followed trade talks between the U.S. and Chinese officials, which could have stoked investor optimism.
Benzinga Note: Investing in meme coins is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45739199/american-politicians-dont-believe-bitcoin-can-co-exist-peacefully-with-the-dollar-says-this-popular-btc-maximalist-heres-why">American Politicians Don&#8217;t Believe Bitcoin Can &#8216;Co-Exist Peacefully&#8217; With The Dollar, Says This Popular BTC Maximalist: Here&#8217;s Why</a></li>
</ul>
Image Via Shutterstock

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

Cryptocurrency

Movers

Trading Ideas

$BTC

$DOGE

$SHIB

$SOL

$WIF

Dogecoin, Shiba Inu Climb But These Emerging Memecoins Are Leading Crypto Gains Tuesday Morning

Sen. Elizabeth Warren (D-Mass.) is <a href="https://www.benzinga.com/news/politics/25/06/45764421/elizabeth-warren-warns-ai-provision-in-trumps-big-beautiful-bill-could-enable-rent-hikes-this-policy-violates-the-senates-budget-rules">speaking against</a> President Donald Trump's "big, beautiful bill" for targeting the Consumer Financial Protection Bureau (CFPB).
What Happened: In a post on X, Warren shared her plan to challenge the proposed CFPB funding cuts included in the GOP's reconciliation bill. According <a href="https://www.axios.com/2025/06/05/elizabeth-warren-reconciliation-cfpb-cuts">to</a> Axios, the bill entails provisions to eliminate the bureau's ability to draw funds from the Federal Reserve. Warren called this an &#8220;outrageous attempt to shut down the CFPB and attack American consumers.&#8221;
On X, she wrote: "Republicans are trying to gut the Consumer Financial Protection Bureau through funding cuts in Trump's big ugly bill. This agency has returned $21 billion to Americans who got cheated. I'm fighting back."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Republicans are trying to gut the Consumer Financial Protection Bureau through funding cuts in Trump's big ugly bill. This agency has returned $21 billion to Americans who got cheated. I'm fighting back. <a href="https://t.co/WHGv9P1kWA">https://t.co/WHGv9P1kWA</a>
&mdash; Elizabeth Warren (@ewarren) <a href="https://twitter.com/ewarren/status/1931418457943265465?ref_src=twsrc%5Etfw">June 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<a href="https://www.benzinga.com/news/25/06/45850340/elizabeth-warren-demands-probe-into-alleged-student-loan-data-breach-amid-push-to-dismantle-educatio">See Also: Elizabeth Warren Demands Probe Into Alleged Student Loan Data Breach Amid Push To Dismantle Education Department</a>
Why It Matters: Senate Republicans are pushing the bill using the budget reconciliation process, which allows only items directly tied to federal spending and enables passage with a simple majority of 51 votes. Provisions that do not meet those criteria are at risk of removal.
Warren, who was a special adviser to the CFPB during the Obama administration, intends to use this same process to challenge the CFPB cuts, arguing that dismantling a federal agency in this manner is against reconciliation rules.
The GOP plan would lower the CFPB's current access to Federal Reserve funding, which is currently set at 12%, to zero. While the bureau could still request appropriations from Congress, such a change would drastically alter its independence.
Established in 2011 after the financial crisis, the CFPB has since returned over $21 billion to American consumers through enforcement actions, according to its official website.
Last month, reports indicated that the Trump administration is planning to <a href="https://www.benzinga.com/news/25/04/44881570/trump-administration-to-lay-off-nearly-90-of-cfpb-employees-in-major-downsizing-report">let nearly 90% of its staff go</a> as part of a larger initiative to&nbsp;<a href="https://www.benzinga.com/personal-finance/25/03/44353947/trumps-cfpb-overhaul-leaves-consumers-exposed-heres-what-it-means-for-your-money" target="_blank" rel="noreferrer noopener">scale back</a>&nbsp;the agency&#8217;s role in monitoring consumer financial protections.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/06/45810221/elizabeth-warren-slams-trump-and-musk-led-policies-forcing-13-5-million-seniors-to-take-2-million-extra-trips-to-access-social-security-services-some-never-will-collect-their-checks">Elizabeth Warren Slams Trump And Musk-Led Policies Forcing 13.5 Million Seniors To Take 2 Million Extra Trips To Access Social Security Services: &#8216;Some Never Will&#8217; Collect Their Checks</a></li>
</ul>
Photo courtesy: Sheila Fitzgerald / Shutterstock.com

Politics

Elizabeth Warren Calls Trump's Tax Bill 'Ugly' For Targeting CFPB: Says It Returned $21 Billion To Cheated Americans

The Trump administration has expressed its readiness to contemplate alterations to the Medicare program, contingent on the Senate&#8217;s discovery of any fraudulent activities or misuse.
What Happened: White House National Economic Council director Kevin Hassett clarified the administration&#8217;s position on Medicare in a CBS&#8217;s &#8220;Face the Nation&#8221; <a href="https://www.cbsnews.com/news/kevin-hassett-medicare-trump-big-beautiful-bill-face-the-nation/?ref=biztoc.com">interview</a> on Sunday. Hassett stated that while Medicare is not a target in the budget proposal, the administration would consider changes if the Senate uncovers any program abuse.
Dismissing rumors of Medicare cuts as &#8220;a big fake news story,&#8221; Hassett emphasized that any identified abuse in the Medicare provision by the Senate would be reviewed.
Hassett also noted that he has observed substantial waste, fraud, and abuse in Medicaid and if similar issues are detected in Medicare, they would be promptly addressed.
&#8220;If somebody finds waste, fraud and abuse in Medicare, then of course we would look at it,&#8221; Hassett said. &#8220;But there have been a lot of false stories about Medicare being on the table, and it&#8217;s totally not on the table.&#8221;
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/25/06/45853487/border-czar-tom-homan-says-no-intention-to-arrest-gavin-newsom-despite-trumps-remarks-they-havent-crossed-a-" target="_blank" rel="noreferrer noopener">Border Czar Tom Homan Says &#8216;No Intention&#8217; To Arrest Gavin Newsom Despite Trump&#8217;s Remarks: &#8216;They Haven&#8217;t Crossed A Line Yet&#8217;</a>
Why It Matters: This statement comes as Senate Republicans examine the House-approved budget bill—referred to by President Donald Trump as the &#8220;One Big Beautiful Bill&#8221;—which includes significant tax cuts, border security provisions, and changes to Medicaid and food assistance programs.
The Trump administration&#8217;s budget proposal has been a topic of intense debate. The bill, which includes&nbsp;<a href="https://www.benzinga.com/news/politics/25/06/45717492/medicaid-cut-concerns-are-totally-ridiculous-says-trumps-budget-chief-russell-vought-quips-i-love-elon-while-countering-musks-criticism">Medicaid cuts</a>&nbsp;and other significant changes, has sparked concerns about the future of healthcare for millions of Americans. The clarification from Hassett provides some insight into the administration&#8217;s stance on Medicare and the potential for adjustments based on Senate findings.
For more context, House Speaker&nbsp;Mike Johnson&nbsp;has defended the bill, arguing that those who lose Medicaid will do so by personal choice. His comments came amid projections that 4.8 million people could lose Medicaid coverage under the new spending bill. Meanwhile, Office of Management and Budget Director&nbsp;Russell Vought&nbsp;dismissed fears about Medicaid cuts as &#8220;ridiculous,&#8221; stating that the Senate would likely vote in favor of a substantially similar bill.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/politics/25/06/45828121/elon-musks-bombshell-about-donald-trump-in-epstein-docs-heres-the-truth-behind-the-claim" target="_blank" rel="noreferrer noopener">Elon Musk Drops Bombshell About Donald Trump in Epstein Docs—Here's The Truth Behind The Claim &#8211; Benzinga</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.

White House's Kevin Hassett Says Trump Administration Will 'Look At' Medicare Changes If Senate Finds Abuse, Calls Cuts Report 'Fake'

SHEN

Shenandoah Says Unit Glo Fiber Has Opened A New Williamsburg, Virginia Retail Store For Ultra-fast Fiber Internet Service

Core &amp; Main, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNM#NYSE">CNM</a>) will release its first-quarter financial results before the opening <a href="https://www.benzinga.com/quote/CNM/earnings">bell on Tuesday, June 10</a>.
Analysts expect the Saint Louis, Missouri-based company to report quarterly earnings at 54 cents per share, up from 49 cents per share in the year-ago period. Core &amp; Main projects quarterly revenue of $1.85 billion, compared to $1.74 billion a year earlier, according to data from Benzinga Pro.
On March 25, Core &amp; Main reported fourth-quarter earnings of 33 cents per share, missing the consensus of 36 cents.
Core &amp; Main shares fell 0.6% to close at $59.33 on Monday.
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/cnm/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>JP Morgan analyst Stephen Tusa maintained an Overweight rating and increased the price target from $54 to $56 on May 27, 2025. This analyst has an accuracy rate of 66%.</li>
<li>RBC Capital analyst Mike Dahl maintained an Outperform rating and cut the price target from $62 to $60 on March 26, 2025. This analyst has an accuracy rate of 73%.</li>
<li>Baird analyst David Manthey maintained an Outperform rating and lowered the price target from $66 to $65 on March 26, 2025. This analyst has an accuracy rate of 76%.</li>
<li>Wells Fargo analyst Sam Reid maintained an Overweight rating and raised the price target from $62 to $65 on Feb. 4, 2025. This analyst has an accuracy rate of 64%.</li>
<li>Citigroup analyst Anthony Pettinari maintained a Neutral rating and raised the price target from $43 to $56 on Jan. 6, 2025. This analyst has an accuracy rate of 76%</li>
</ul>
Considering buying CNM stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/CNM/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="578" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10044846/image-131-1024x578.png" alt="" class="wp-image-944326" style="width:648px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10044846/image-131-1024x578.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10044846/image-131-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10044846/image-131-768x433.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10044846/image-131.png 1102w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next:
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<li> <a href="https://www.benzinga.com/news/25/06/45835438/top-3-financial-stocks-that-may-collapse-in-june">Top 3 Financial Stocks That May Collapse In June</a> </li>
</ul>
Photo via Shutterstock

Earnings

Price Target

Pre-Market Outlook

Analyst Ratings

Top Wall Street Forecasters Revamp Core & Main Expectations Ahead Of Q1 Earnings

TSMC ((TWSE: 2330, NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) today announced its net revenue for May 2025: On a consolidated basis, revenue for May 2025 was approximately NT$320.52 billion, a decrease of 8.3 percent from April 2025 and an increase of 39.6 percent from May 2024. Revenue for January through May 2025 totaled NT$1,509.34 billion, an increase of 42.6 percent compared to the same period in 2024.

Taiwan Semiconductor Reported a 39.6% Growth In May Revenue Reaching NT$320.5B ($10.7B)

Economist Peter Schiff is criticizing the Trump administration&#8217;s latest proposal for the federal government to give newborns in the U.S. $1,000 to invest in the stock market.
What Happened: On Monday, Schiff called out the proposal on X, arguing that it is &#8220;unconstitutional&#8221; and &#8220;a bad idea,&#8221; saying that &#8220;rather than taking on more debt that those babies will grow up to repay, it's better to reduce deficit spending now, so they don't have to pay for it later.&#8221;
<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">The Federal Government giving newborns $1,000 to invest in the stock market isn't only unconstitutional, it's a bad idea. Rather than taking on more debt that those babies will grow up to repay, it's better to reduce deficit spending now, so they don't have to pay for it later.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1932150389199311193?ref_src=twsrc%5Etfw">June 9, 2025</a></blockquote>
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In a series of follow-up posts in response to replies on his original post, Schiff refers to this proposal as a &#8220;gimmick,&#8221; one that takes focus away from the greater harm being done to newborns with the &#8220;Big, Beautiful Bill.&#8221;
See Also: <a href="https://www.benzinga.com/news/health-care/25/06/45853393/robert-kennedy-jr-axes-entire-cdc-vaccine-panel-to-restore-public-trust-pfizer-moderna-other-biotech-stocks-drop-in-after-hours-trading">Robert Kennedy Jr Axes Entire CDC Vaccine Panel To &#8216;Restore Public Trust&#8217; — Pfizer, Moderna, Other Biotech Stocks Drop In After-Hours Trading</a>
<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">It&#39;s just a gimmick that takes the focus away from the greater harm they are doing to newborns with the Big, Beautiful Bill.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1932157015314583593?ref_src=twsrc%5Etfw">June 9, 2025</a></blockquote>
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When questioned on the constitutionality of the proposal, Schiff says, &#8220;The Constitution doesn&#8217;t authorize the Federal government to set up and fund investment accounts for newborns.&#8221; He, however, acknowledges that &#8220;if state governments want to do this, nothing in the Constitution prohibits it.&#8221;
<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">The Constitutional doesn&#39;t authorizes the Federal government to set up and fund investment accounts for newborns. The Constitution must grant a power to Congress or the President to either to have it. If state governments want to do this nothing in the Constitution prohibits it.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1932156776520331760?ref_src=twsrc%5Etfw">June 9, 2025</a></blockquote>
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Why It Matters: Schiff has been a vocal critic of President Donald Trump&#8217;s &#8220;One Big, Beautiful Bill,&#8221; recently having backed <a href="https://www.benzinga.com/news/politics/25/06/45762787/peter-schiff-backs-musks-furious-attack-on-trumps-disgusting-budget-bill-slams-gop-hypocrisy-so-glad-hopefully-elon-can-persuade-trump-to-veto-it">Elon Musk&#8217;s takedown</a> of the bill as a &#8220;disgusting abomination.&#8221;
 &#8220;I&#8217;m so glad Elon is willing to call out the hypocrisy in the Republican party. He is a man of principle. The Big, Beautiful Bill is a fraud,&#8221; he said.
He&#8217;s far from the only one, with Craig Shapiro, a macro strategist at The Bear Traps Report, <a href="https://www.benzinga.com/markets/equities/25/05/45536595/big-beautiful-bill-will-explode-the-deficit-and-make-the-rich-richer-congressional-budget-office-estimates-4-income-fall-for-lowest-decile-of-americans-by-2033">recently saying that</a> the bill will &#8220;explode the deficit while enriching the highest decile of Americans at the expense of the lowest decile.&#8221;
When it comes to the &#8220;Baby Bond&#8221; proposal, however, there have been <a href="https://www.benzinga.com/personal-finance/25/05/45485150/the-one-big-beautiful-bill-would-create-maga-savings-accounts-with-a-1000-gift-from-the-government-at-birth">certain pockets of support</a>, with Democratic Senator, Sen.&nbsp;Dick Durbin&nbsp;(D-IL)&nbsp;offering faint praise by saying &#8220;Even a stopped watch is right twice a day,&#8221; even as he criticized the rest of the GOP&#8217;s proposal. 
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/45853888/bill-gates-quietly-visits-white-house-amid-trump-musk-feud-urges-marco-rubio-to-reverse-usaid-cuts-report">Bill Gates Quietly Visits White House Amid Trump-Musk Feud, Urges Marco Rubio To Reverse USAID Cuts: Report</a></li>
</ul>
Photo courtesy: Rawpixel.com / Shutterstock.com

Economics

Economist Peter Schiff Criticizes Trump's $1,000 Baby Account Proposal: Calls It 'Unconstitutional' And 'A Bad Idea' That Will Only Saddle Them With More Debt

Broad Arrow Auctions, a Hagerty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HGTY#NYSE">HGTY</a>) company, continues its European expansion with the announcement of The Zürich Auction, held in partnership with Auto Zürich, on Saturday, 1 November 2025.
Broad Arrow's Zürich Auction will feature approximately 60 highly desirable collector cars sourced globally and will be the culminating event of the Auto Zürich show, which takes place at Messe Zürich between 30 October and 2 November 2025. The inaugural Zürich Auction will be held at The Dolder Grand, the world-famous five-star hotel overlooking Lake Zürich.

HGTY

Hagerty's Broad Arrow to Host High-End Collector Car Auction in Zürich This November

Charlie Munger once warned that "smart men go broke three ways: liquor, ladies and leverage." Venture capitalist Chamath Palihapitiya admits that the leverage he piled on during the pandemic bull run "almost broke" him.
What Happened: Palihapitiya posted the admission on X while quoting the late Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) vice chair.
<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">This is so true. In 2020-2022, I tried leverage. It almost broke me. I will tell the full story soon but, in my experience, liquor and ladies are pedestrian compared to leverage. <a href="https://t.co/ghj3yrBFmb">https://t.co/ghj3yrBFmb</a>
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1931740081964060997?ref_src=twsrc%5Etfw">June 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Palihapitiya, once dubbed the "SPAC King," <a href="https://www.benzinga.com/news/22/08/28574965/end-of-slump-chamath-palihapitiyas-spac-nearly-doubles-following-business-combination-with-video-gam?utm_source=chatgpt.com">raised billions</a> through blank-check companies in 2020-21 and often bought stakes with borrowed cash. Many deals collapsed when tech valuations slid and interest rates jumped, forcing him to shut two vehicles and return funds to shareholders in 2023.
See also: <a href="https://www.benzinga.com/markets/bonds/25/06/45853241/elon-musks-xai-seeks-5-billion-via-morgan-stanley-amid-trump-rift-and-2022-twitter-debt-hangover-report">Elon Musk&#8217;s xAI Seeks $5 Billion Via Morgan Stanley Amid Trump Rift And 2022 Twitter Debt Hangover: Report</a>
Financial planners say leverage, typically via margin loans or derivatives, magnifies gains but can erase equity in a sell-off. In 2022, the UK gilt crisis and U.S. tech rout triggered forced liquidations when yields spiked and collateral shrank, according to a research note from Return Stacked. As of May 2025, margin debt remains elevated even after three straight monthly declines, Advisor Perspectives data show, highlighting investor appetite for borrowed bets.
Why It Matters: Munger's aphorism has long guided Berkshire's conservative stance on borrowings. In his 2010 annual letter, Warren Buffett <a href="http://Why It Matters: Munger's aphorism has long guided Berkshire's conservative stance on borrowings. In his 2010 annual letter, Warren Buffett <a href="https://www.benzinga.com/personal-finance/24/12/42702543/warren-buffett-says-borrowed-money-can-make-you-very-rich-or-be-lethal-warning-it-can-even-bring-an-entire-country-to-its-knees" title="https://www.benzinga.com/personal-finance/24/12/42702543/warren-buffett-says-borrowed-money-can-make-you-very-rich-or-be-lethal-warning-it-can-even-bring-an-entire-country-to-its-knees">https://www.benzinga.com/personal-finance/24/12/42702543/warren-buffett-says-borrowed-money-can-make-you-very-rich-or-be-lethal-warning-it-can-even-bring-an-entire-country-to-its-knees</a>, "History tells us leverage all too often produces zeros, even when very smart people employ it."">told Berkshire employees, "History tells us leverage all too often produces zeros, even when very smart people employ it."
Buffett and the late Munger had always prioritized financial stability over short-term gains and that approach is echoed in Berkshire Hathaway&#8217;s current strategy. The <a href="https://www.benzinga.com/personal-finance/25/04/44618898/warren-buffett-said-cash-is-always-a-bad-investment-and-you-dont-need-excessive-amounts-but-hes-sitting-on-record-334-billion-cash-pil">company currently sits</a> on a record-shattering $334.2 billion in cash, more than the company&#8217;s stock portfolio, which shrank to $272 billion last year.
Palihapitiya, meanwhile, promised to detail his near-miss "soon," but warned followers that debt can ruin fortunes faster than any other temptation.
Photo Courtesy: Kent Sievers via Shutterstock.com
Read next: <a href="https://www.benzinga.com/news/25/06/45853487/border-czar-tom-homan-says-no-intention-to-arrest-gavin-newsom-despite-trumps-remarks-they-havent-crossed-a-line-yet">Border Czar Tom Homan Says &#8216;No Intention&#8217; To Arrest Gavin Newsom Despite Trump&#8217;s Remarks: &#8216;They Haven&#8217;t Crossed A Line Yet&#8217;</a>

Financing

Charlie Munger's Warning On Liquor, Ladies And Leverage 'So True,' Says Chamath Palihapitiya: 'It Almost Broke Me'

Wayve and Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) today announced a first-ever plan to develop and launch public-road trials of Level 4 (L4) fully autonomous vehicles in London. This announcement marks the UK as the largest market where Uber has announced an intention to pilot autonomous vehicles. These trials will combine Wayve's industry-leading Embodied AI platform with Uber's global mobility network, marking a significant step forward in bringing autonomous vehicles to the streets of Europe at scale.
Wayve and Uber partner to launch autonomous driving trials in the UK
This opportunity has been enabled by the UK Secretary of State for Transport's announcement today of an accelerated framework for self-driving commercial pilots, a crucial step towards making the UK a world leader in this technology. Wayve and Uber will collaborate with the UK Government and Transport for London on the permitting and regulatory approval process prior to launch.
London and other UK cities represent complex driving environments, with significantly different road layouts and traffic laws compared to locations in the US, where a majority of global L4 testing has until now been conducted. The lessons learnt from the UK will therefore be a major step forward in the development of L4 technology for deployment in cities around the world.

UBER

Uber Teams With Wayve to Launch First Fully Driverless Car Trials on London Streets

Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) highly anticipated Robotaxi launch in Austin on June 12 has received a major boost as Elon Musk's EV giant has officially been named as an Autonomous Vehicle operator by the city.
What Happened: The company has officially been incorporated into the list by the local government, according to a listing on the official DMV website on Monday.
The listing suggests that Tesla's autonomous vehicles are still in the testing phase in Austin. Other AV companies include robotaxi rivals like 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, as well as Amazon.com Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Zoox.
<figure class="wp-block-image aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10032724/Austin-tesla-robotaxi--1024x458.jpg" alt="" class="wp-image-944259" style="width:650px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10032724/Austin-tesla-robotaxi--1024x458.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10032724/Austin-tesla-robotaxi--300x134.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10032724/Austin-tesla-robotaxi--768x343.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10032724/Austin-tesla-robotaxi--1536x687.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10032724/Austin-tesla-robotaxi--2048x916.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: The City Of Austin
It's also worth noting that Waymo is the only company listed among Austin's AV operators that isn't in the testing phase. Waymo's listing shows the company is already in its deployment phase instead.
Why It Matters: The update comes as Musk shared that Tesla was already conducting Unsupervised Full Self-Driving or FSD testing in Austin a <a href="https://www.benzinga.com/tech/25/05/45662671/tesla-targets-june-12-for-robotaxi-launch-in-austin-elon-musk-says-company-ramped-up-fsd-testing-a-month-ahead-of-schedule">month ahead of schedule</a>.
However, the company's robotaxi plans have been <a href="https://www.benzinga.com/markets/equities/25/05/45402695/teslas-robotaxi-plans-under-federal-scrutiny-ahead-ff-austin-launch-as-elon-musk-vows-nationwide-rollout-by-year-end">under federal scrutiny</a> as the National Highway Traffic Safety Administration seeks to understand how the FSD tech would handle fog, sun glare, rain, and other low-visibility situations.
Elsewhere, Waymo has <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">suspended its robotaxi service</a> in Downtown Los Angeles after 5 of the company's autonomous fleet vehicles were vandalized during the anti-ICE protests in the city.
<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="220" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10032905/TSLA-JUN-10-2025-1-1024x220.jpg" alt="" class="wp-image-944263" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10032905/TSLA-JUN-10-2025-1-1024x220.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10032905/TSLA-JUN-10-2025-1-300x64.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10032905/TSLA-JUN-10-2025-1-768x165.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10032905/TSLA-JUN-10-2025-1-1536x329.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10032905/TSLA-JUN-10-2025-1.jpg 1553w" 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>
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45764059/ross-gerber-says-tesla-has-lot-of-work-to-do-on-fsd-ahead-of-robotaxi-launch-waymos-are-way-better">Ross Gerber Says Tesla Has &#8216;Lot Of Work To Do&#8217; On FSD Ahead Of Robotaxi Launch: &#8216;Waymos Are Way Better&#8217;</a></li>
</ul>
Photo courtesy: Ken Wolter / Shutterstock.com

Tech

AMZN

GOOG

GOOGL

TSLA

Elon Musk's Tesla Officially Named AV Operator In Austin Ahead Of Robotaxi Launch

<h3>Companies Reporting Before The Bell</h3>
• Academy Sports (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>) is expected to report quarterly earnings at $0.89 per share on revenue of $1.37 billion. 
• United Natural Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $7.79 billion. 
• JM Smucker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) is projected to report quarterly earnings at $2.25 per share on revenue of $2.19 billion. 
• Designer Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBI#NYSE">DBI</a>) is estimated to report quarterly loss at $0.06 per share on revenue of $732.82 million. 
• Core &amp; Main (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNM#NYSE">CNM</a>) is likely to report quarterly earnings at $0.54 per share on revenue of $1.85 billion. 
<h3>Companies Reporting After The Bell</h3>
• Dave &amp; Buster's Enter (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>) is expected to report quarterly earnings at $1.01 per share on revenue of $565.00 million. 
• MIND Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIND#NASDAQ">MIND</a>) is likely to report quarterly earnings at $0.08 per share on revenue of $10.10 million. 
• GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) is projected to report quarterly earnings at $0.04 per share on revenue of $754.23 million. 
• PetMed Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PETS#NASDAQ">PETS</a>) is projected to report quarterly loss at $0.06 per share on revenue of $48.19 million. 
• Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) is projected to report quarterly loss at $0.11 per share on revenue of $314.34 million. 
• GitLab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $213.21 million. 
• 17 Education &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YQ#NASDAQ">YQ</a>) is projected to report earnings for its first quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

GTLB

MIND

PETS

PLAY

SFIX

UNFI

Earnings Scheduled For June 10, 2025

The American Pharmacists Association announced Monday it will withhold endorsement of the Centers for Disease Control and Prevention&#8217;s updated immunization schedule that removed COVID-19 vaccine recommendations for pregnant women and healthy children.
What Happened: The CDC modified its guidance last month, stating COVID-19 vaccines remain optional for healthy children when parents and physicians determine necessity, reported Reuters. Health Secretary Robert F. Kennedy Jr., who oversees the CDC, Food and Drug Administration and National Institutes of Health, announced the policy changes before official website updates.
&#8220;COVID-19 vaccination during pregnancy has been proven safe and effective. Additionally, this vaccine is not associated with any fertility issues in either women or men,&#8221; the pharmacists&#8217; association stated. The group emphasized that pregnancy represents a high-risk condition requiring COVID-19 vaccination recommendations.
Kennedy&#8217;s <a href="https://www.benzinga.com/government/regulations/25/05/45688464/rfk-jr-drops-covid-vaccine-recommendation-for-healthy-kids-but-experts-warn-of-major-risks">announcement bypassed the traditional CDC Advisory Committee</a> for Immunization Practices review processes. The policy shift follows FDA changes<a href="https://www.benzinga.com/news/25/05/45661031/robert-f-kennedy-jr-says-cdc-drops-covid-vaccine-for-healthy-pregnant-women-children"> limiting annual boosters to Americans over 65</a> and high-risk populations while requiring new clinical trials for healthy adults under 65.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45853504/circle-stock-has-popped-271-since-nyse-debut-now-a-kpmg-consultant-says-this-is-the-next-big-thing-after-stablecoins">Circle Stock Has Popped 271% Since NYSE Debut, Now A KPMG Consultant Says This Is The Next Big Thing After Stablecoins</a>
Why It Matters: The FDA recently advised vaccine manufacturers that fall 2025 formulations should target monovalent JN.1-lineage variants, preferentially using the LP.8.1 strain. Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) submitted its Spikevax 2025-2026 formula application targeting the LP.8.1 variant Friday.
Novavax Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) received limited FDA approval for its Nuvaxovid vaccine, authorized for individuals 65 and older and those 12 and up with underlying medical conditions. The approval triggered a $175 million milestone payment from partner Sanofi SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>).
The policy changes create uncertainty for vaccine manufacturers and healthcare investors as the <a href="https://www.benzinga.com/government/regulations/25/05/45537919/fda-limits-annual-covid-19-boosters-to-high-risk-americans-demands-new-trials-for-healthy-adults-in-policy-shift-under-rfk-jr">administration implements stricter clinical trial</a> requirements. Previous guidance under the Biden administration recommended additional COVID-19 boosters for healthy children despite limited clinical data supporting repeat booster strategies in pediatric populations.
Read Next:
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<li><a href="https://www.benzinga.com/news/25/06/45853487/border-czar-tom-homan-says-no-intention-to-arrest-gavin-newsom-despite-trumps-remarks-they-havent-crossed-a-line-yet">Border Czar Tom Homan Says &#8216;No Intention&#8217; To Arrest Gavin Newsom Despite Trump&#8217;s Remarks: &#8216;They Haven&#8217;t Crossed A Line Yet&#8217;</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: JHVEPhoto / Shutterstock.com

Health Care

MRNA

NVAX

American Pharmacists Association Withholds Endorsement Of CDC's Revised COVID-19 Vaccine Guidance

Officials from the Trump administration expect China to lift restrictions on exports of rare earth alloys, minerals, and magnets, as trade negotiations between Washington and Beijing continue in London.
What Happened: "The purpose of the meeting today is to make sure that they're serious, but to literally get handshakes and get this thing behind us," U.S. National Economic Council Director Kevin Hassett told CNBC <a href="https://www.cnbc.com/2025/06/09/china-and-us-trade-officials-to-hold-talks-in-london-.html">on</a> Monday.
Hassett added that the U.S. delegation, led by Treasury Secretary Scott Bessent, anticipates a brief meeting and expects that "Any export controls from the U.S. will be eased, and the rare earths will be released in volume," after the &#8220;handshake,&#8221; he said.
Trade talks between the two delegations are underway in London and will resume on Tuesday. After the initial discussions, U.S. President Donald Trump told reporters from the White House: "We are doing well with China. China's not easy. I'm only getting good reports."
Why It Matters: The potential easing of rare earth export restrictions could bring relief to the global automotive industry, which has <a href="https://www.benzinga.com/markets/tech/25/06/45833037/auto-industry-struggles-as-supply-chain-issues-threaten-production-amid-chinas-export-curbs-on-rare-earth-minerals-report">struggled to secure supplies since China's curbs</a> took effect.
China controls more than 70% of global rare-earth mining and over 90% of rare-earth alloy and magnet production, making any restriction a <a href="https://www.benzinga.com/markets/tech/25/06/45763345/amid-us-china-trade-war-global-automakers-warn-beijings-curbs-on-rare-earth-metals-could-significantly-impact-production">significant threat to worldwide vehicle manufacturing</a>.
However, China has granted <a href="https://www.benzinga.com/markets/tech/25/06/45826735/china-grants-temporary-rare-earth-licenses-to-us-automakers-suppliers">temporary export licenses</a> to the suppliers of the Detroit Big Three automanufacturers, offering a rare silver lining amid the broader trade war tensions.
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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</ul>
Photo courtesy: Shutterstock

Trump Says He's Getting 'Good Reports' As Scott Bessent-Led Delegation Expects Beijing To Remove Rare Earth Export Curbs

CONSOLIDATED NET REVENUES (UNAUDITED)
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">May</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Apr</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">May</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Sequential</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(NT$ Million)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">49,027</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">52,211</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">47,493</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">-6.1&nbsp;%</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">+3.2&nbsp;%</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">May</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Apr</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">May</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Sequential</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(US$ Million)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">1,587</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">1,590</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">1,467</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">-0.2&nbsp;%</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">+8.1&nbsp;%</td>
</tr>
</tbody>
</table>
</figure>

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