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HUTCHMED (China)

HUTCHMED (China) Ltd is an biopharmaceutical company engaged in the discovery, development, and commercialization of targeted therapies and immunotherapies for the treatment of cancer and immunological diseases. The company has a portfolio of several cancer drug candidates currently in clinical studies around the world and extensive commercial infrastructure in its home market of China. The company operates in two reportable segments Oncology/Immunology, and Other Ventures.

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HUTCHMED (China) Ltd

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Economist&nbsp;Peter Schiff&nbsp;said in a recent interview that he would admit being wrong about Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) if the world wakes up to a &#8220;hyper Bitcoinization&#8221; scenario.
What Happened: During an interview that aired Monday, Schiff was asked about what it would take for him to drop his long-standing skepticism and start buying into the apex cryptocurrency.
&#8220;I haven&#8217;t bought it yet, and it&#8217;s gone from practically nothing to $100,000. So if that hasn&#8217;t convinced me, what&#8217;s going to convince me?&#8221; the Bitcoin skeptic replied.
For the sake of argument, Schiff then envisioned a Bitcoin utopia. &#8220;I suppose what everybody is saying is one day we&#8217;re going to wake up in hyper Bitcoinization and Bitcoin is going to be money. There won&#8217;t be any more dollars or any more euros or any more yen.&#8221;
He added that if he woke up in such a world where everything, from insurance to bonds, is priced in Bitcoin, he would have to admit that he was wrong about Bitcoin.
&#8220;i guess if I wake up in that world, I&#8217;d have to admit that I was wrong.&#8221;
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&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1932501397473554551?ref_src=twsrc%5Etfw">June 10, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/06/45869863/what-institutional-grade-fund-management-can-teach-crypto-investors-on-closing-the-gap-bet" target="_blank" rel="noreferrer noopener">How Retail Crypto Traders Can Amplify Returns By Leveraging Institutional Ideas</a>
&#8220;I just don&#8217;t believe that that&#8217;s ever going to happen because we&#8217;re no closer to that now than we were 10 years ago,&#8221; Schiff was quick to add. He said Bitcoin is being used more for &#8220;gambling&#8221; than as a medium of exchange.
Why It Matters: Schiff&#8217;s views on Bitcoin have been a topic of debate in the cryptocurrency community. He has consistently claimed that the leading cryptocurrency <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40818582/gold-bull-peter-schiff-claims-bitcoin-lacks-intrinsic-value-and-is-destined-to-fail">lacks intrinsic value</a> and is&nbsp;destined to fail.
Earlier this year, he referred to Bitcoin as a "digital risk" and predicted that the financial turmoil of 2025 could&nbsp;<a href="https://in.benzinga.com/25/04/44754349/bitcoins-final-crash-peter-schiff-predicts-2025-crisis-will-end-what-2008-created" target="_blank" rel="noreferrer noopener">mark</a> its end.
Interestingly, Schiff said in a recent podcast that his teachings on economics inadvertently&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45738505/peter-schiff-says-it-was-his-economic-teachings-that-made-people-want-to-buy-bitcoin-an-unintended-consequence#:~:text=Peter%20Schiff%20Says%20It%20Was,'An%20Unintended%20Consequence'%20%2D%20Benzinga" target="_blank" rel="noreferrer noopener">led many to invest in Bitcoin</a>, despite his advice against it. He added that many Bitcoin 2025 conference attendees cited him as the reason they purchased the apex cryptocurrency.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $109,592.46, up 0.30% 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>.&nbsp; 
Read Next:&nbsp;
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<li><a href="https://benzinga.com/crypto/cryptocurrency/25/06/45875825/will-trumps-national-guard-deployment-in-los-angeles-be-blocked-cryptocurrency-bettors-see-strong-chance-as-gavin-newsom-approaches-court" target="_blank" rel="noreferrer noopener">Will Trump&#8217;s National Guard Deployment In Los Angeles Be Blocked? Cryptocurrency Bettors See Strong Chance As Gavin Newsom Approaches Court</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
Image Via Shutterstock/Frame Stock Footage

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

Cryptocurrency

Markets

$BTC

Peter Schiff Says He'd Admit He Was Wrong On Bitcoin If He Wakes Up In A World Where...

Several Chinese automakers, including Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rivals BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) and Xpeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), have pledged to settle supplier dues within 60 days.
What Happened: Authorities in China brought in regulations in March, requiring companies to settle payments with suppliers within 60 days, which kicked into effect on June 1, Reuters reported on Wednesday.
The report suggests that China's Iron and Steel Association released a statement outlining that the price war has put tremendous pressure on the sector as payments remain unsettled for months and manufacturers ask for price cuts up to 10%.
The association also called upon the manufacturers to take inspiration from Japanese auto manufacturers who "leave a certain amount of profit for suppliers and ensure product quality and innovation," the report said.
Why It Matters: The news comes as several mainstream Chinese automakers compete in the <a href="https://www.benzinga.com/25/01/42761825/ev-price-war-heats-up-as-chinese-automakers-extend-subsidies">EV price war</a>, which has engulfed the Chinese domestic car market for a while.
Recently, the Chinese Communist Party's (CCP) newspaper, The People's Daily, <a href="https://www.benzinga.com/news/topics/25/06/45715047/byds-aggressive-pricing-triggers-ev-rat-race-stock-tumbles-authorities-voice-concern">voiced concerns</a> about the ongoing "rat race" among car makers in the country while pointing out that the aggressive pricing could hurt supply chains.
The comments from the CCP come in as a BYD dealer in China's Shandong province <a href="https://www.benzinga.com/25/05/45666513/a-major-byd-dealer-in-china-shut-down-its-operations-as-ev-giant-expands-into-europe-report">closed down 20 outlets</a>, citing changes to the automaker's dealership rules. The company has closed down dealerships across 4 cities.
Despite this, the EV price war shows no sign of relenting as BYD recently released the <a href="https://www.benzinga.com/markets/tech/25/06/45855643/tesla-rival-byd-launches-15000-seal-06-sedan-as-chinas-ev-price-war-heats-up">Seal 06 EV Sedan</a>, available for $15,000. The sedan undercuts rival Tesla's cheapest offering in China, the Model 3, by almost half.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45855123/teslas-model-y-tops-china-suv-sales-chart-in-may-with-over-24700-cars-sold">Tesla&#8217;s Model Y Tops China SUV Sales Chart In May With Over 24,700 Cars Sold</a></li>
</ul>
Photo courtesy: Tada Images / Shutterstock.com

Tech

BYDDF

BYDDY

TSLA

XPEV

Tesla Rivals BYD, Xpeng Pledge Faster Supplier Payments Amid EV Price War In China: Report

Most AI-powered service tools stop at answering questions. Freddy now goes further by getting work done. At its flagship <a href="https://www.globenewswire.com/Tracker?data=FtsifBuj-NX9pbNewvii-zk70aATpZH8Kl4S6Afy44O-gcjYz5aJejnf9Ndlc6DbtMnymziraTKNmJAW5TRCZsDenV-QT9s3V8KrRYSgyBFkaX8UbQFWgaoVhDlx053-nzDOfPbrH_vWDt1raxT6q7YMA1b7CkrGiFxr56zKd7v1vELVzaHVWEkrSuXH0WsxSDqxdePyOGckwvuxKGUsCg==">Refresh</a> event, <a href="https://www.globenewswire.com/Tracker?data=VMfZz5yATZpA8hkJHUhNIGOWpEP0GPLYIzrT0ZceZqhT3QJDutb59r3xyYLdp3MaMclEK6r_u774dE1iGTcvMm9PJfmvwUM21MOezRxYwsU9gGg7oab6nRn2l4Yq0418ErNSAmW8H-9I3zt80Cdhq3WepVn5SBHz_h95B9OJqew=">Freshworks</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>) unveiled the next generation of its <a href="https://www.globenewswire.com/Tracker?data=RjWi9MrFuwQZvzcf9_1ZpLZJ4amC6rrwln0WXylknNf8-R8IKbFxdS4S-PMpGWZSpTkBF8fnoctReOsdcrMDzt7mFAQoRP22TMVLXSemKkZX6JEUjPn7UnFhbUJGjGf78RAfWJ7mG0hWxZj6G-eFTum5XEtZ7OOQidSLl3XpUKqGfMhYepjsNzd0NDmHHduXElVIcRq_lncotZRrywJJ44rTVqClDFRxczzPa54FDK4=">Freddy Agentic AI Platform</a>, a connected, intelligent, continuously learning system of AI agents that don't just reply to service questions, but can resolve them. Whether it's processing an insurance claim, updating a payroll record, or booking a new shipment, Freddy AI now takes action across the applications businesses already use.
The company also introduced the <a href="https://www.globenewswire.com/Tracker?data=RjWi9MrFuwQZvzcf9_1ZpOiI4CsPKmdafUDrlDuostvaHDjrHESr7cmBPjaD-ODVz5VsKLG9JHADZiilw6jXdZDOUGt8pB5Nv8c9j4k8ixh3Pux031ECy8uUMyHdS8pWEjuIeQKnQE1_QnvbncLVc1gM5e0JCJeFJOhJrMhnduB30QAPnGi9Yt34QW721ZWrMPWM_FveKGRNWBNaQ_jVbQ==">Freddy AI Agent Studio</a>, a no-code platform that simplifies the creation and deployment of autonomous AI agents, making it easier for businesses to scale customer support. Freddy AI Agent Studio helps relieve service teams of endless ticket handoffs, delayed resolutions, and frustrated users due to outdated automations. New, easy to deploy AI agents can think, reason and act to resolve many customer queries from start to finish, giving human agents more time to handle more complex customer challenges.

FRSH

Freshworks Launches No-Code Freddy Agent Studio to Help Businesses Automate Customer Support Tasks Faster

Warren Buffett, in a conversation that dates back decades, mentioned that the happiest part of running 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>) is that he "tap-dance[s] to work" every morning and rarely confronts the single task he despises, which is firing someone.
What Happened: Speaking to University of Washington business students during a joint Q&amp;A with Microsoft's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Bill Gates in 1998, Buffett outlined his frank yardstick for success and the lone blemish on an otherwise dream job.
"I get to do what I like to do every single day of the year and I get to do it with people I like," he said, before conceding, "the only thing in my job that I don't like — and this just happens every three or four years — is that occasionally I have to fire somebody." "Everything else," he added, "is tremendous fun."
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Buffett urged students not to postpone passion. Waiting, he warned, is "a little like saving up s&#x2A;x for your old age." Instead, "work for an organization of people you admire, because it will turn you on," he said.
See also: <a href="https://www.benzinga.com/markets/tech/25/06/45855559/chipotle-ceo-says-ai-is-fueling-rapid-expansion-as-company-aims-to-open-nearly-1-restaurant-every-day-in-2025">Chipotle CEO Says AI Is Fueling Rapid Expansion As Company Aims To Open Nearly 1 Restaurant Every Day In 2025</a>
Buffett <a href="https://www.benzinga.com/news/25/03/44065860/warren-buffetts-unconventional-career-advice-dont-save-your-passion-for-later-its-like-saving-up-sex-for-your-old-age?utm_source=chatgpt.com">reiterated that mantra</a> at a lecture he gave at the University of Georgia in 2001, responding to a student's query about their post-graduation employment. His takeaway for young professionals is stark: find bosses you admire, colleagues who inspire and work that makes you &#8220;lie on your back and paint the ceiling.&#8221;
Why It Matters: Speaking of advice to students, Buffett <a href="https://www.benzinga.com/personal-finance/25/03/44527315/warren-buffett-told-students-how-he-got-rich-without-raising-a-dime-then-said-youre-already-living-better-than-john-d-rockefeller">told MBA students</a> in 2008 that he built his fortune by saving $120 for his first three shares at age 11, parlaying it into $9,800 by age 20, and eventually betting three-quarters of his net worth on GEICO because investing simply thrilled him. 
Four years later, he scolded another roomful of MBAs, calling most business-school finance courses "<a href="https://www.benzinga.com/general/education/25/05/45432012/warren-buffett-once-said-business-schools-teach-the-silliest-stuffand-this-is-what-he-and-charlie-munger-would-do-instead-to-train-the-next-generation-of-leaders">the silliest stuff</a>" and urging faculty to drop the math fads in favor of just two subjects: valuing a business and thinking rationally about markets. Together, the anecdotes strip the mystique from formal credentials and spotlight disciplined curiosity, long hours of groundwork, and genuine enjoyment as Buffett's real edge.
At Berkshire's 2025 annual meeting, Buffett <a href="https://www.benzinga.com/news/25/05/45185944/warren-buffett-shares-surprising-advice-for-young-investors-and-its-not-about-stocks-who-you-associate-with-is-just-enormously-important">pressed the lesson</a> further. Choose colleagues who raise your standards and pursue work you would do for free, he said. He warned investors that careers drift toward the character of their companions, so they should surround themselves with people who make them better and avoid employers that push dubious conduct. In Buffett's formula, passion fuels persistence, and ethical associations shape both professional triumphs and the broader measure of a life well lived.
Read next: <a href="https://www.benzinga.com/markets/tech/25/06/45855054/nvidias-jensen-huang-once-called-huawei-chinas-most-formidable-tech-company-but-ceo-ren-zhengfei-says-its-chips-still-lag-behind-us-rivals">Nvidia&#8217;s Jensen Huang Once Called Huawei China&#8217;s Most Formidable Tech Company, But CEO Ren Zhengfei Says Its Chips Still Lag Behind US Rivals</a>
Photo Courtesy: Photo Agency On Shutterstock

Equities

Management

MSFT

Warren Buffett Once Spoke About 'The Only Thing' He Didn't Like About His Job: '...Occasionally I Have To Fire Somebody'

A <a href="https://www.benzinga.com/media/25/05/45541908/supermicro-eyes-texas-mississippi-for-ai-server-growth-as-microsoft-amazon-increase-spending">boom in artificial intelligence infrastructure</a> is raising environmental concerns in Texas, according to a new report from the Environmental Integrity Project (EIP).
With more than 100 new gas-fired power proposals under review, the state faces a notable uptick in air pollution, even as clean energy alternatives remain underutilized.
What Happened: The EIP report, published Wednesday, lays down the environmental risks created by a series of proposed gas power plants designed to supply electricity to <a href="https://www.benzinga.com/personal-finance/entrepreneurship/25/05/45705941/openai-secures-11-6b-for-texas-data-center-expansion-reducing-microsoft-dependence">data centers</a>, which require <a href="https://www.benzinga.com/markets/equities/25/06/45816468/ai-data-centers-are-eating-electricity-and-these-3-energy-stocks-could-be-the-biggest-winners-says-analyst">staggering amounts of energy</a>.
The Hill reports that more than 30 of these projects have already received permits, which the report claims were granted without much scrutiny. The facilities are mostly located around major urban hubs like Houston, the I-35 corridor, and West Texas oilfields.
Once developed to scale, these plants could emit pollution on par with 27 million additional vehicles, essentially doubling Texas' current fleet.
"To meet its increasing demand for electricity, Texas should be encouraging more clean energy instead of feeding public subsidies to dirty fossil fuels," said Jen Duggan, executive director of the Environmental Integrity Project.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45855959/amazon-to-invest-20-billion-in-2-pennsylvania-data-centers-governor-josh-shapiro-says-the-state-will-lead-on-us-china-ai-battle">Amazon To Invest $20 Billion In 2 Pennsylvania Data Centers, Governor Josh Shapiro Says The State Will &#8216;Lead&#8217; On US-China AI &#8216;Battle&#8217;</a>
Why It Matters: The emissions from these gas plants are likely to include cancer-linked chemicals such as benzene, ozone and nitrogen oxides that aggravate asthma, and PM 2.5, which are fine particles that reach deep into the lungs as per the report.
Despite their size, the EIP alleges that Texas regulators have misclassified at least three large facilities as minor polluters under the Clean Air Act, which exempts them from using the most advanced pollution controls.
Driven by crypto mining, data center expansion and oilfield operations, the state's energy demand is rising. Earlier this year, Texas lawmakers failed to pass legislation that would curb renewable energy growth.
"Everything is supposed to be bigger in Texas, but there's no need to go big with gas plant pollution when there are cleaner alternatives," said Adrian Shelley, Texas director at Public Citizen. "Texas is already number one in clean energy, which helps save the electric grid and reduce consumer costs, so we should rely on clean energy to increase our supply of electricity."
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45875791/trumps-ai-czar-david-sacks-dismisses-ai-chip-smuggling-fears-warns-over-regulation-could-hand-ai-dominance-to-china-we-talk-about-these-chips-like-they-could-be-smuggled-in-the-back-of-a">Trump&#8217;s AI Czar David Sacks Dismisses AI Chip Smuggling Fears, Warns Over-Regulation Could Hand AI Dominance To China: &#8216;We Talk About These Chips Like They Could Be Smuggled In The Back Of A Briefcase&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Politics

AI Data Centers Drive Gas Power Boom In Texas, Raising Pollution Risk Equal To 27 Million Cars: Report

The World Bank has significantly reduced&nbsp;its 2025 global growth forecast, pointing to the escalating trade tensions and policy uncertainty, particularly due to the wide-ranging tariffs imposed by U.S. President Donald Trump.
What Happened: The World Bank&#8217;s latest economic prospects report projects a global GDP growth of 2.3%, down from the 2.7% anticipated in January, <a href="https://www.scmp.com/news/world/article/3313910/world-bank-warns-slowest-global-growth-1960s-amid-trump-tariffs-trade-tensions?module=top_story&amp;pgtype=homepage">reported</a>&nbsp;South China Morning Post. According to Indermit Gill, the World Bank Group's chief economist, this marks the weakest performance in 17 years outside of global recessions. 
Fragmented trade relations and elevated policy uncertainty have weakened global growth and inflation outlooks for both this year and the next. &#8220;Without&nbsp;a swift course correction, the&nbsp;harm to living standards could&nbsp;be deep,&#8221; Gill cautioned.
The World Bank projects that by 2027, global GDP growth will average just 2.5% for the 2020s—its slowest pace since the 1960s. This bleak outlook follows Trump's April decision to impose a 10% tariff on imports from nearly all of the U.S.&#8217;s trading partners.
The World Bank suggested that developing countries could boost GDP growth by reducing tariffs for all trade partners and expanding trade deals to cover broader cross-border regulations.
"If the right policy actions are taken, this problem can be made to go away with limited long-term damage,&#8221; stated Gill.
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:&nbsp;The World Bank&#8217;s revised forecast comes amid ongoing trade tensions and policy uncertainty, which have been exacerbated by the tariffs imposed by the Trump administration. This development could have significant implications for global markets and economies, potentially leading to increased volatility and reduced investor confidence.
Earlier in 2025, Trump&nbsp;<a href="https://www.benzinga.com/markets/25/04/45124644/trump-blames-gdp-contraction-on-biden-overhang-nothing-to-do-with-the-tariffs">deflected blame</a>&nbsp;for the U.S. economy&#8217;s 0.3% contraction in the first quarter onto his predecessor, Joe Biden despite clear evidence indicating otherwise. This contraction was the first for the country in three years.
However, some experts, such as Tom Lee, co-founder and research head at Fundstrat Global Advisors, remain optimistic about the market&#8217;s future despite the recent volatility. Lee&nbsp;<a href="https://www.benzinga.com/25/05/45432465/tom-lee-says-economists-predicting-a-recession-with-certainty-are-dead-wrong-in-my-30-years-ive-never-seen-an-economist">identified key indicators</a>&nbsp;suggesting that the worst market decline may have passed and predicted a significant upside for stocks by 2026. 
Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) and SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) climbed 4.7% and 3.15% on a year-to-date basis.
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<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/health-care/25/06/45845078/mercks-cholesterol-lowering-drug-hits-primary-goal-in-two-pivotal-trials" target="_blank" rel="noreferrer noopener">Merck&#8217;s Cholesterol Lowering Drug Hits Primary Goal In Two Pivotal Trials</a></li>
</ul>
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World Bank Slashes Global Growth Forecast To Lowest Since 1960s Amid Trump Tariffs: 'If The Right Policy Actions Are Taken...'

Oxford Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) will release earnings results for the first quarter, after the <a href="https://www.benzinga.com/quote/OXM/earnings">closing bell on Wednesday, June 11.</a>
Analysts expect the Atlanta, Georgia-based company to report quarterly earnings at $1.82 per share, down from $2.66 per share in the year-ago period. Oxford Industries projects to report quarterly revenue at $384.77 million, compared to $398.18 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 27, Oxford Industries posted weaker-than-expected earnings for the fourth quarter.
Oxford Industries shares fell 0.5% to close at $54.74 on Tuesday.
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/oxm/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating with a price target of $52 on June 5, 2025. This analyst has an accuracy rate of 60%.</li>
<li>Citigroup analyst Paul Lejuez maintained a Sell rating and cut the price target from $52 to $47 on April 7, 2025. This analyst has an accuracy rate of 64%.</li>
</ul>
Considering buying OXM stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/OXM/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="570" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11042842/image-153-1024x570.png" alt="" class="wp-image-945759" style="width:635px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11042842/image-153-1024x570.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11042842/image-153-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11042842/image-153-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11042842/image-153.png 1163w" 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/25/06/45858699/top-2-tech-and-telecom-stocks-you-may-want-to-dump-in-q2">Top 2 Tech And Telecom Stocks You May Want To Dump In Q2</a> </li>
</ul>
Photo via Shutterstock

Earnings

Price Target

Analyst Ratings

Trading Ideas

Oxford Industries Likely To Report Lower Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

<h3>Companies Reporting Before The Bell</h3>
• Victoria's Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) is projected to report quarterly earnings at $0.09 per share on revenue of $1.35 billion. 
• SailPoint (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIL#NASDAQ">SAIL</a>) is expected to report quarterly loss at $0.01 per share on revenue of $225.16 million. 
• Vera Bradley (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRA#NASDAQ">VRA</a>) is expected to report quarterly loss at $0.12 per share on revenue of $53.48 million. 
• Cognyte Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNT#NASDAQ">CGNT</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $94.22 million. 
• J.Jill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JILL#NYSE">JILL</a>) is expected to report quarterly earnings at $0.87 per share on revenue of $156.77 million. 
• WisdomTree International LargeCap Dividend Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOL#NYSE">DOL</a>) is projected to report quarterly earnings at $0.84 per share on revenue of $1.50 billion. 
• Chewy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) is likely to report quarterly earnings at $0.34 per share on revenue of $3.08 billion. 
<h3>Companies Reporting After The Bell</h3>
• Oxford Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) is projected to report quarterly earnings at $1.82 per share on revenue of $384.77 million. 
• Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) is expected to report quarterly earnings at $1.64 per share on revenue of $15.58 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CGNT

CHWY

WisdomTree Trust International LargeCap Dividend

JILL

ORCL

SAIL

VSCO

Earnings Scheduled For June 11, 2025

On Tuesday, investor Ross Gerber criticized Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) CEO David Zaslav for his leadership, calling the company's <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45845734/warner-bros-discoverys-long-predicted-split-is-now-official">planned split into two independent public companies</a> a result of a series of poor decisions.
What Happened: Chris Bakke, the founder of Laskie, which was later acquired by Twitter, took to X and said that McKinsey &amp; Company had been paid millions for advising WBD on various decisions over the years.
He said McKinsey billed WBD $55 million in 2022 to advise on a potential merger with Discovery. Then, from 2022 to 2025, McKinsey charged $37 million for advising on rebranding HBO Max multiple times (first to Max, then back to HBO Max).
In 2025, McKinsey charged an additional $63 million to recommend that Warner Bros. and Discovery be separated again, Bakke stated.
Gerber, CEO and co-founder of Gerber Kawasaki, shared Bakke's post, criticizing Zaslav's leadership and stating that Zaslav has "created zero value" despite being one of the highest-paid CEOs.
&#8220;Zaslav is one of the highest paid CEOs in the world. He's created zero value with this garbage merger and one bad decision after the next,&#8221; he posted.
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/03/44350512/apples-ai-crisis-reaches-boiling-point-ahead-of-top-100-executive-retreat-tim-cook-and-key-execs-called-out-over-siri-failure-by-top-analyst" target="_blank" rel="noreferrer noopener">Apple&#8217;s AI Crisis Reaches Boiling Point Ahead Of Top 100 Executive Retreat — Tim Cook And Key Execs Called Out Over Siri Failure By Top Analyst</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Zaslav is one of the highest paid CEOs in the world. He's created zero value with this garbage merger and one bad decision after the next. <a href="https://twitter.com/search?q=%24wbd&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$wbd</a> <a href="https://t.co/MMymWIRsyO">https://t.co/MMymWIRsyO</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1932540950741746133?ref_src=twsrc%5Etfw">June 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: On Monday, Warner Bros. Discovery Inc. <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45872075/why-warner-bros-discovery-wbd-stock-is-volatile-today">announced plans to split</a> into two separate companies by mid-2026, one focusing on streaming and studios and the other on global television networks.
CEO Zaslav is set to oversee the streaming and studios division, which encompasses HBO, Warner Bros. film properties and Max. Meanwhile, CFO Gunnar Wiedenfels will take on the role of CEO for the newly formed network unit, which includes CNN, Discovery and TNT Sports.
Last month, Warner Bros. Discovery released its <a href="https://www.benzinga.com/25/05/45298158/warner-bros-stock-falls-as-weak-studio-ad-sales-weigh-on-q1-despite-streaming-gains">fiscal first-quarter earnings</a>, reporting a 9% year-over-year revenue decline (excluding foreign exchange) to $8.98 billion, falling short of the $9.60 billion analyst estimate.
The company also closed the quarter with 122.3 million subscribers, up from 99.6 million a year earlier.
Streaming revenue rose 9% ex-FX to $2.66 billion, while distribution revenue climbed 8% ex-FX, driven by a 23% jump in subscribers fueled by Max's global expansion and new domestic distribution agreements.
According to Benzinga's Edge Stock Rankings, WBD continues to show solid price momentum in the short and long term, though it trends downward over the medium term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance data is available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11035338/Screenshot-2025-06-11-at-12.50.31%E2%80%AFPM.png" alt="" class="wp-image-945719" /></a></figure>
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Ross Gerber Calls Out Warner Bros. Discovery CEO David Zaslav, Saying He's Created 'Zero Value' After The Conglomerate Announced Plans To Split Into Two Companies By 2026

Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) will release earnings results for the fourth quarter, after the closing <a href="https://www.benzinga.com/quote/orcl/earnings">bell on Wednesday, June 11.</a>
Analysts expect the Austin, Texas-based company to report quarterly earnings at $1.64 per share, up from $1.63 per share in the year-ago period. Oracle projects to report quarterly revenue at $15.59 billion, compared to $14.29 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
The company has missed revenue estimates in two straight quarters and missed estimates in seven of the past 10 quarters overall.
Oracle shares gained 0.2% to close at $177.48 on Tuesday.
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/orcl/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Citigroup analyst Tyler Radke maintained a Neutral rating and raised the price target from $160 to $186 on June 9, 2025. This analyst has an accuracy rate of 71%.</li>
<li>Morgan Stanley analyst Keith Weiss maintained an Equal-Weight rating and increased the price target from $160 to $175 on June 9, 2025. This analyst has an accuracy rate of 76%.</li>
<li>Jefferies analyst Brent Thill maintained a Buy rating and increased the price target from $190 to $200 on June 9, 2025. This analyst has an accuracy rate of 77%.</li>
<li>BMO Capital analyst Keith Bachman maintained a Market Perform rating and increased the price target from $175 to $200 on June 9, 2025. This analyst has an accuracy rate of 83%.</li>
<li>Guggenheim analyst John Difucci reiterated a Buy rating with a price target of $220 on June 5, 2025. This analyst has an accuracy rate of 70%.</li>
</ul>
Considering buying ORCL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/ORCL/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="586" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11041513/image-152-1024x586.png" alt="" class="wp-image-945739" style="width:612px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11041513/image-152-1024x586.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11041513/image-152-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11041513/image-152-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11041513/image-152.png 1138w" 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/25/06/45858699/top-2-tech-and-telecom-stocks-you-may-want-to-dump-in-q2">Top 2 Tech And Telecom Stocks You May Want To Dump In Q2</a> </li>
</ul>
Photo via Shutterstock

Oracle Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Vision Marine Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) ("Vision Marine" or the "Company"), a pioneer in high-voltage electric marine propulsion systems, today announced a major milestone in its U.S. scale-up strategy: the expansion of its longstanding partnership with Octillion Power Systems, a top-tier U.S.-based lithium-ion battery manufacturer, to produce Vision-branded high-voltage battery packs dedicated exclusively to the American market.
&nbsp;
Under the terms of the agreement, Octillion will assemble Vision Marine's new proprietary 45.36 kWh battery packs at its state-of-the-art facility in Nevada, aiding in fast, cost-efficient distribution across North America. These batteries are designed to support both Vision Marine's OEM integrations and consumer-facing electric boat offerings, delivering increased power, extended range, and improved performance-while reducing total system cost and simplifying logistics.
This renewed and enhanced partnership establishes a partial U.S. supply chain for Vision Marine's proprietary E-Motion&#x2122; 180E electric outboard system, unlocking key efficiencies. In addition to supporting factory integration with third-party manufacturers, the partnership provides a reliable and consistent battery supply for Vision Marine's direct-to-consumer electric boat sales, including those produced under formal production agreements with multiple established boat manufacturers. These vessels are sold through Vision Marine's channels while retaining the original manufacturer's branding, enabling broad market reach without altering brand identity.

VMAR

Vision Marine Expands US Battery Production With Octillion To Power Next-Gen Electric Boats

The Pentagon slashed its Air Force F-35 fighter jet request from 48 to 24 aircraft, delivering a significant blow to Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) amid sweeping defense budget cuts.
What Happened: A Defense Department procurement document sent to Congress this week reduced the Air Force&#8217;s F-35A request by half from last year&#8217;s forecast. The service now plans to request $3.5 billion for the aircraft plus $531 million for advance procurement of materials, <a href="https://www.bloomberg.com/news/articles/2025-06-11/pentagon-slashes-in-half-its-request-for-air-force-f-35s?ref=biztoc.com">reported</a> Bloomberg.
The cut reflects compliance with Defense Secretary Pete Hegseth&#8217;s directive to reduce projected military spending by 8% annually over five years. Hegseth&#8217;s February memo ordered senior Pentagon officials to <a href="https://www.benzinga.com/25/02/43836832/trump-administration-orders-sweeping-pentagon-cuts-defense-sector-stocks-on-watch">develop budget reduction plans</a> by Feb. 24, exempting nuclear weapons modernization, missile defense, submarines and drone programs while leaving manned aircraft unprotected.
The Navy will request $1.95 billion for 12 carrier-variant F-35s, down from 17 approved this fiscal year, plus $401.5 million for advance procurement. The Marines plan to seek $1.78 billion for 11 planes, reduced by two from current funding levels, with an additional $113.7 million for materials.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/45876964/elon-musk-took-a-113-billion-hit-over-trumps-doge-mission-calls-it-worth-it">Elon Musk Took A $113 Billion Hit Over Trump&#8217;s DOGE Mission: Calls It &#8216;Worth It&#8217;</a>
Why It Matters: The F-35 program has faced mounting criticism under President Trump. Elon Musk said in December that &#8220;some idiots are still building manned fighter jets like the F-35&#8221; in an age of drones. Right-wing influencer Laura Loomer called the program &#8220;a scandal that&#8217;s quietly draining our nation&#8217;s resources while compromising our military readiness.&#8221;
The F-35 represents a roughly $2 trillion commitment, including $1.5 trillion for decades of support and $485 billion for development and procurement of 2,456 jets. Approximately 967 have been contracted, with 747 delivered. The Air Force originally planned to acquire 1,763 F-35As.
The cuts align with broader <a href="https://www.benzinga.com/markets/equities/25/04/44755181/pentagon-slashes-5-1-billion-in-accenture-deloitte-booz-allen-contracts-thats-a-lot-of-consulting">Pentagon cost-reduction efforts</a>, including $5.1 billion in terminated consulting contracts with firms like Accenture PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) and Booz Allen Hamilton Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>). Congressional supporters of Lockheed Martin may attempt to restore funding as the budget moves through legislative review. 
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<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/06/45876953/cathie-woods-ark-invest-projects-2-5-trillion-valuation-for-elon-musks-spacex-by-2030-7x-growth-through-mars-starlink-optimus">Cathie Wood&#8217;s ARK Invest Projects $2.5 Trillion Valuation For Elon Musk&#8217;s SpaceX By 2030—7x Growth Through Mars, Starlink, Optimus</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: MC MEDIASTUDIO / Shutterstock.com

Lockheed Martin Hit As Pentagon Slashes Air Force's F-35 Order In Half Amid Budget Cuts

Defense tech giant Anduril Industries will pursue a public offering, as CEO Palmer Luckey confirmed the company&#8217;s initial public offering plans during an interview.
What Happened: &#8220;We are definitely going to be a publicly traded company,&#8221; Luckey <a href="https://www.youtube.com/watch?v=1rOfG7XBUuI">told</a> CNBC. He emphasized that Anduril is &#8220;running this company to be the shape of a publicly traded company,&#8221; citing the necessity for public status to compete for massive defense contracts.
Luckey specifically referenced potential trillion-dollar programs like the F-35 Joint Strike Fighter, stating, &#8220;there&#8217;s not really a path to a company like Anduril winning things in the shape of let&#8217;s say a trillion dollar F-35 joint strike fighter contract as a private company.&#8221;
The IPO confirmation comes as Anduril <a href="https://www.benzinga.com/markets/market-summary/25/06/45810158/anduril-raises-2-5-billion-at-30-5-billion-valuation-doubling-in-a-year-as-defense-contracts-grow">reaches new valuation heights</a>. The Southern California-based defense contractor recently raised $2.5 billion at a $30.5 billion valuation, more than doubling from last year&#8217;s $14 billion mark. Founders Fund, backed by billionaire Peter Thiel, led the round with a record $1 billion commitment.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45876224/youtube-contributed-55-billion-to-us-gdp-new-report-reveals-the-creator-economy-is-just-getting-started-says-ceo-neal-mohan" target="_blank" rel="noreferrer noopener">YouTube Contributed $55 Billion To US GDP, New Report Reveals: ‘The Creator Economy Is Just Getting Started,' Says CEO Neal Mohan</a>
Why It Matters: Anduril specializes in autonomous defense systems, including drones, battlefield software, and AI-powered military wearables. The company operates Arsenal-1, its Columbus, Ohio, manufacturing facility designed for rapid mass production of aerial and maritime drones.
Recent partnerships underscore Anduril&#8217;s market positioning. The company partnered with Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) to develop AI-enabled combat headsets and <a href="https://www.benzinga.com/markets/equities/24/12/42640010/palantir-and-anduril-reportedly-lead-consortium-partner-with-spacex-and-openai-to-compete-against-traditional-defense-contractors-in-850-billion-us-military-market">joined a consortium</a> with Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) targeting the $850 billion U.S. defense budget. 
The group includes discussions with SpaceX and OpenAI to challenge traditional contractors like Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>).
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<li><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" target="_blank" rel="noreferrer noopener">Howard Lutnick Says US And China ‘Reached A Framework' To Implement Geneva Consensus Following Trump-Xi Call — CSI 300 Index Gains</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: Tada Images / Shutterstock.com

IPOs

PLTR

Anduril CEO Palmer Luckey Confirms IPO Plans To Compete For Trillion-Dollar Defense Contracts: 'We Are Definitely Going To Be A Publicly Traded...'

On Wednesday, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX CEO Elon Musk said he regretted some of his posts about Donald Trump.
What Happened: Musk took to his social media platform, X, formerly Twitter, and said, "I regret some of my posts about President Donald Trump last week. They went too far."
<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">I regret some of my posts about President <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> last week. They went too far.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1932695486684950962?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Tensions between Musk and Trump escalated last week after Musk publicly criticized the president's administration over what he called the "<a href="https://www.benzinga.com/news/25/05/45635854/elon-musk-disappointed-with-trumps-big-beautiful-bill-says-it-undermines-the-work-that-the-doge-team-is-doing">One Big Beautiful Bill</a>."
In retaliation, Trump threatened to cancel billions of dollars in federal contracts awarded to Musk's companies, including SpaceX and Tesla.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45807465/dan-ives-calls-musk-trump-feud-a-twilight-zone-moment-but-bullish-on-tesla-and-autonomous-future-not-good-for-either-side" target="_blank" rel="noreferrer noopener">Dan Ives Calls Musk-Trump Feud A ‘Twilight Zone Moment' But Bullish On Tesla And Autonomous Future: ‘Not Good For Either Side'</a>
The situation intensified when Musk made a provocative social media post suggesting <a href="https://www.benzinga.com/news/politics/25/06/45828121/elon-musks-bombshell-about-donald-trump-in-epstein-docs-heres-the-truth-behind-the-claim">Trump was linked to the</a> Jeffrey Epstein files. Trump was reportedly angered by the implication, as well as Musk's statement that his 2024 victory was partly due to Musk's support and political donations.
Musk <a href="https://www.benzinga.com/news/politics/25/06/45829511/elon-musk-scrubs-his-social-media-of-trump-related-posts-amid-public-feud">later deleted some of the posts</a>, including the one linking Trump to Epstein, and stated he would "apologize profusely as soon as there is a full dump of the Epstein files."
Earlier, it was also reported that <a href="https://www.benzinga.com/news/politics/25/06/45829416/trump-allegedly-calling-people-to-claim-elon-musk-has-serious-drug-problem-big-time-drug-addict">Trump has been calling Musk</a> a "big-time drug addict" in private discussions.
The White House did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
Why It's Important: Last week, Tesla shares plunged 14.3% to $284.70 on Thursday—its second-largest percentage drop in over a year—<a href="https://www.benzinga.com/markets/25/06/45827390/musk-vs-trump-tesla-suffers-record-152b-one-day-crash-as-ceo-warns-tariffs-will-cause-a-recession-up">wiping out $152 billion</a> in market value, the biggest single-day loss in company history.
The sharp decline was a result of the intensifying feud between Musk and Trump.
However, despite these tensions, Dan Ives, managing director at Wedbush Securities, maintained his bullish stance on Tesla.&nbsp;
"I still believe they're allies and it <a href="https://www.benzinga.com/markets/tech/25/06/45827094/dan-ives-weighs-in-on-musk-trump-drama-says-stock-reaction-overblown-i-still-believe-theyre-allies">doesn't change my view</a> that the regulatory road map is going to be more greenlighted for Tesla," he stated then, adding, "I don't think that this is the beginning of a dark storm between Musk and Trump."
Price Action: Tesla shares dipped 0.30% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga&#8217;s Edge Stock Rankings show an upward trajectory for Tesla across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance metrics are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11034537/Screenshot-2025-06-11-at-12.56.48%E2%80%AFPM.png" alt="" class="wp-image-945707" /></a></figure>
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

Government

Elon Musk Says He 'Regrets' War Of Words With Trump: 'Went Too Far'

President Donald Trump will sign a resolution that will nix the California EV mandate on Thursday.
What Happened: Trump will sign a resolution of disapproval that bars the mandate, which has been adopted by 11 other states in the U.S and aims to phase out ICE-powered vehicles by 2035, Reuters reported on Tuesday.
The White House has invited several officials from the Automotive industry on Thursday to witness the signing, the report suggests. Trump will also sign a resolution that requires heavy-duty trucks in the state to be zero-emission vehicles.
California Governor Gavin Newsom has vowed to challenge the resolution in court, which he says could add over $45 billion to California residents.
Why It Matters: The news could prove to be a relief for several automakers in the U.S. Recently, General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) sent out a company-wide email to employees, which reiterated the company's <a href="https://www.benzinga.com/25/05/45488137/general-motors-wants-to-overturn-californias-aggressive-ev-mandate-as-demand-slows-in-the-us-report">stance on the mandate</a>.
"Emissions standards that are not aligned with market realities pose a serious threat to our business by undermining consumer choice and vehicle affordability," GM said.
House GOP representatives want to axe the <a href="https://www.benzinga.com/tech/25/05/45277309/house-gop-representatives-want-to-axe-federal-ev-credit-amid-trumps-tax-cuts-report">$7500 Federal EV credit</a>, as part of the Big, Beautiful Bill, which has been met with criticism from automakers who propose a more gradual phasing out instead.
The U.S. EV market has also seen a 10.6% YoY growth in Q1 2025 sales, where Elon Musk's Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) remained a market leader. Musk had criticized Trump's Big Beautiful Bill, but the White House said it would be <a href="https://www.benzinga.com/news/politics/25/06/45764422/white-house-says-trump-is-sticking-to-the-big-beautiful-bill-despite-elon-musks-sharp-criticism-it-doesnt-change-the-presidents-opinion">sticking to its guns</a>.
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/25/06/45852837/trump-says-he-wont-ditch-tesla-model-s-or-starlink-as-feud-with-elon-musk-cools-i-wish-him-well">Trump Says He Won&#8217;t Ditch Tesla Model S Or Starlink As Feud With Elon Musk Cools: &#8216;I Wish Him Well&#8217;</a></li>
</ul>
Photo courtesy: Joey Sussman / Shutterstock.com

Trump To Sign Resolution Barring California EV Mandate Adopted By 11 Other States: Report

SailPoint, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIL#NASDAQ">SAIL</a>) will release its first-quarter financial results before the opening bell on <a href="https://www.benzinga.com/quote/SAIL/earnings">Wednesday, June 11</a>.
Analysts expect the Austin, Texas-based company to report a quarterly loss at 1 cent per share. SailPoint projects quarterly revenue of $225.16 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 26, SailPoint reported fourth-quarter fiscal 2025 revenue growth of 18% year-on-year to $240.12 million, compared to analyst consensus estimates of $235.26 million.
SailPoint shares gained 2.5% to close at $19.65 on Tuesday.
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/sail/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Barclays analyst Saket Kalia maintained an Overweight rating and cut the price target from $27 to $23 on June 3, 2025. This analyst has an accuracy rate of 79%.</li>
<li>Mizuho analyst Gregg Moskowitz maintained a Neutral rating and lowered the price target from $25 to $24 on May 15, 2025. This analyst has an accuracy rate of 73%.</li>
<li>Morgan Stanley analyst Keith Weiss maintained an Equal-Weight rating and cut the price target from $26 to $25 on April 16, 2025. This analyst has an accuracy rate of 76%.</li>
<li>Wells Fargo analyst Andrew Nowinski initiated coverage on the stock with an Equal-Weight rating and a price target of $16 on April 14, 2025. This analyst has an accuracy rate of 70%</li>
<li>RBC Capital analyst Matthew Hedberg initiated coverage on the stock with an Outperform rating and a price target of $27 on March 10, 2025. This analyst has an accuracy rate of 75%.</li>
</ul>
Considering buying SAIL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/sail/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="601" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11034249/image-150-1024x601.png" alt="" class="wp-image-945704" style="width:624px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11034249/image-150-1024x601.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11034249/image-150-300x176.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11034249/image-150-768x451.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11034249/image-150.png 1087w" 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/25/06/45858699/top-2-tech-and-telecom-stocks-you-may-want-to-dump-in-q2">Top 2 Tech And Telecom Stocks You May Want To Dump In Q2</a> </li>
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Photo via Shutterstock

Pre-Market Outlook

Top Wall Street Forecasters Revamp SailPoint Expectations Ahead Of Q1 Earnings

Veteran short seller Jim Chanos on Tuesday blasted the financial instruments employed by Michael Saylor&#8217;s company, Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), to sustain its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) play.
What happened: In an X post, Chanos argued that Saylor wants investors to value Strategy not only based on the net asset value of its Bitcoin holdings at market prices, i.e., NAV, but also to apply a multiple to the change in that NAV.
"It's like claiming that your house, which increased in market value last year from $450,000 to $500,000, is actually worth $1.5 million, because you also have to put a 20x multiple on the $50,000 increase," Chanos said.
<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">This is of course, complete financial gibberish. Mr. Saylor wants you to value his business based not only on the net value of his Bitcoin holdings (NAV) at market, but additionally with a multiple on the change in that NAV! Because now he can leverage his balance sheet, lol. <a href="https://t.co/DOiEe4aJXn">https://t.co/DOiEe4aJXn</a>
&mdash; James Chanos (@RealJimChanos) <a href="https://twitter.com/RealJimChanos/status/1932497480547250574?ref_src=twsrc%5Etfw">June 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The sharp reaction followed Saylor&#8217;s criticism of Chanos&#8217; long Bitcoin, short Strategy position during a Bloomberg interview.
"I don't think he understands what our business model is," Saylor said. "What he still doesn't understand is that we are not a holding company or a closed-end trust, we are an operating company."
Saylor argued that, unlike trusts, Strategy can employ corporate maneuvers, such as selling preferred stock, to neutralize strategies such as those recommended by Chanos.
He said that if the premium to the value of Bitcoin holdings declines significantly, the company will issue preferred stock and buy back the common stock. "And if the stock rallies up, he's going to get liquidated and wiped out."
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>
Chanos deemed these remarks as "complete financial gibberish," noting that Saylor's policies haven't changed Strategy's NAV significantly since the company pivoted to a Bitcoin standard in 2020.
Why It Matters: Chanos revealed an <a href="https://www.benzinga.com/short-sellers/25/05/45483508/jim-chanos-goes-long-bitcoin-short-microstrategy-in-arbitrage-bet-against-retail-speculation">arbitrage opportunity</a> in shorting Strategy&#8217;s stock while buying Bitcoin last month, suggesting that the stock&#8217;s premium over Bitcoin&#8217;s value is not justified.
For context, a NAV premium refers to the difference between Strategy's market capitalization and the value of its Bitcoin holdings. It is seen as a gauge of investor sentiment toward Bitcoin and the company's approach. As of this writing, the <a href="https://www.strategy.com/notes">NAV </a>stood at 1.87.
Strategy has led Bitcoin&#8217;s corporate adoption, <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45837005/strategy-buys-another-110-million-in-bitcoin-now-holds-582000-btc">building its reserve</a> with proceeds from common stock, preferred stock, and convertible bond issuances. The firm held a stash worth $63.4 billion as of this writing, <a href="https://bitcointreasuries.net/">according </a>to bitcointreasuries.net.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $109,486.50, down 0.10% 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>.&nbsp;
Shares of MSTR were up 0.33% in after-hours trading after closing 0.24% lower at $391.18 during Tuesday&#8217;s regular trading session.
MSTR demonstrated a very high momentum score—a measure of the stock's relative strength based on its price movement patterns and volatility over multiple timeframes—as of this writing. To find out how MSTR compares against other cryptocurrency-related stocks on different metrics, visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image 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="882" height="634" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11032752/image-149.png" alt="" class="wp-image-945689" style="width:615px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11032752/image-149.png 882w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11032752/image-149-300x216.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11032752/image-149-768x552.png 768w" sizes="(max-width: 882px) 100vw, 882px" /></a></figure>
Read Next:&nbsp;
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<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>
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Photo courtesy: PJ McDonnell / Shutterstock.com

Short Sellers

MSTR

Michael Saylor Says Jim Chanos Doesn't Understand Strategy's Model, Criticizes Long Bitcoin, Short MSTR Trade—Short Seller Hits Back With 'Financial Gibberish' Remark

Sen. Josh Hawley (R-Mo.) and Peter Welch (D-Vt.) have proposed legislation to raise the federal minimum wage from its current rate of $7.25 to $15 per hour.
What Happened: The Higher Wages for American Workers Act, introduced by Senators Hawley and Welch on Tuesday, aims to increase the federal minimum wage to $15 per hour and tie future increases to inflation. Currently, the inflation-adjusted federal minimum wage is at its lowest level since the 1940s. This proposal is part of Hawley&#8217;s wider &#8220;Pro-Worker Framework for the 119th Congress,&#8221; which includes strengthening protections for union jobs and collective bargaining.
&#8220;For&nbsp;decades, working Americans have seen&nbsp;their wages flatline. One major&nbsp;culprit of this is the&nbsp;failure of&nbsp;the federal minimum wage to&nbsp;keep up with the economic&nbsp;reality facing hardworking Americans every&nbsp;day,&#8221; said Senator Hawley.
If enacted this year, the bill would raise the federal minimum wage to $15 per hour beginning in January 2026, with future increases tied to inflation. 
Senator Hawley&#8217;s support for raising the federal minimum wage marks a break from the Republican Party&#8217;s traditional opposition, reflecting a broader shift during the Donald Trump era as the GOP embraces more populist policies to appeal to working-class voters.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/macro-economic-events/25/06/45855937/jeremy-siegel-backs-ted-cruzs-plan-to-end-fed-interest-payments-on-excess-reserves-" target="_blank" rel="noreferrer noopener">Jeremy Siegel Backs Ted Cruz&#8217;s Plan To End Fed Interest Payments On &#8216;Excess Reserves,&#8217; Potentially Saving $2 Trillion In Deficits: &#8216;Not A Trivial Concern&#8217;</a>
Why It Matters: This move follows Hawley&#8217;s previous efforts to support working-class Americans. In April 2025, Hawley proposed a substantial tax cut aimed at those earning less than $80,000 annually. This proposal, which aimed to make standard income tax breaks refundable against payroll taxes, was touted as a potential &#8220;historic&#8221; <a href="https://www.benzinga.com/25/04/44831978/senator-josh-hawley-proposes-historic-tax-cuts-for-americans-earning-below-80k-annually-republicans-should-fix-this-now">tax reduction </a>for working families across the country. 
Earlier this year, he teamed up with Sen. Bernie Sanders (I-VT) to introduce legislation to cap credit card interest rates at 10%. In recent weeks, Hawley has been urging his party against cuts to <a href="https://www.benzinga.com/25/05/45369487/josh-hawley-slams-gop-identity-crisis-over-medicaid-calls-proposed-cuts-morally-wrong-and-politically-suicidal">Medicaid benefits</a> in Trump&#8217;s &#8216;Big, Beautiful Bill.&#8217;
The proposed minimum wage increase is another step in Hawley&#8217;s ongoing efforts to address financial hardship and high living costs faced by many Americans. Notably, In January, Scott Bessent as a Treasury Secretary nominee, had opposed raising the minimum wage rate on a federal level citing it as a state or regional issue. 
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<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/sports/25/06/45829858/shaq-settled-on-angel-reese-for-reebok-endorsement-due-to-budget-constraints-i-had-to-deal-with-something-i-never-had-to-deal-with" target="_blank" rel="noreferrer noopener">Shaq Settled on Angel Reese for Reebok Endorsement Due to Budget Constraints: &#8216;I Had To Deal With Something I Never Had To Deal With&#8217; &#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.

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Josh Hawley, Peter Welch Propose Raising Federal Minimum Wage To $15 By 2026, Tied To Inflation

A federal appeals court allowed President Donald Trump&#8216;s sweeping tariffs to remain in effect Tuesday while reviewing the lower court decisions that blocked the duties on constitutional grounds.
What Happened: The U.S. Court of Appeals for the <a href="https://www.reuters.com/world/us/trump-tariffs-may-remain-effect-while-appeals-proceed-us-appeals-court-decides-2025-06-11/">Federal Circuit granted a temporary stay</a>, preserving Trump&#8217;s &#8220;Liberation Day&#8221; tariffs on most trading partners and separate duties on Canada, China and Mexico. The court scheduled oral arguments for July 31 and ordered the full 11-member panel to hear the case due to its &#8220;exceptional importance.&#8221;
The decision reverses two lower-court rulings that struck down the tariffs. On May 28, the U.S. Court of International Trade ruled unanimously that <a href="https://www.benzinga.com/news/25/05/45660322/trump-tariffs-struck-down-by-federal-court-major-blow-to-white-houses-trade-strategy-report">Trump exceeded his authority</a> by using the International Emergency Economic Powers Act (IEEPA) to impose the duties. The three-judge panel stated the Constitution grants Congress, not the president, the power to levy tariffs.
A separate federal district court in Washington blocked the emergency tariff authority, with Judge Rudolph Contreras writing that IEEPA &#8220;does not grant Trump the authority to impose or adjust tariffs without approval from Congress.&#8221;
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45876652/trump-family-backed-bitcoin-mining-firm-acquires-23-million-worth-of-btc-signals-more-accumulation-in-the-future">Trump Family-Backed Bitcoin Mining Firm Acquires $23 Million Worth Of BTC, Signals More Accumulation In The Future</a>
Why It Matters: The <a href="https://www.benzinga.com/news/legal/25/06/45719301/trump-rails-against-court-rulings-blocking-his-tariffs-says-us-could-be-held-hostage-by-foreign-nations">tariffs generate approximately $200 billion</a> annually and include 10% across-the-board duties, 20% on Chinese imports, and 25% on non-USMCA goods from Canada and Mexico. The fluctuating nature has created market volatility and supply chain disruptions for companies managing production and pricing strategies.
Trump cited fighting fentanyl trafficking and addressing trade deficits as justification for the tariffs under IEEPA, historically used for sanctions rather than trade duties. Jeffrey Schwab, attorney for affected small businesses, said, &#8220;every court to rule on the merits so far has found these tariffs unlawful.&#8221;
Goldman Sachs analysts noted Trump could reimpose similar tariffs &#8220;within days&#8221; <a href="https://www.benzinga.com/news/25/05/45688655/trump-administration-mulls-global-tariffs-of-about-15-for-150-days-under-existing-trade-laws-report">using Section 122 trade law</a>, which allows 15% tariffs for 150 days without congressional approval. The ruling has no impact on tariffs levied under traditional legal authority, such as steel and aluminum duties.
Read Next:
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Rawpixel.com / Shutterstock.com

Appeals Court Allows Trump's Tariffs To Remain In Effect While It Reviews The Lower Court's Decision

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