Nuvation Bio (NYSE:NUVB) Azioni

NUVATION BIO INC

Nuvation Bio

Nuvation Bio Inc is a biopharmaceutical company tackling unmet needs in oncology by developing differentiated and novel therapeutic candidates. Its product candidate, taletrectinib, is an oral, potent, central nervous system-active, selective, next-generation c-ros oncogene 1 (ROS1) inhibitor specifically designed for the treatment of patients with ROS1+ non-small cell lung cancer (NSCLC). In addition, its clinical-stage pipeline includes differentiated, novel oncology product candidates such as Safusidenib, NUV-1511, and NUV-868 in their different stages of development. The company generates revenue through out-licensing collaborative agreements with its customers located in China and Japan.

Nuvation Bio Inc

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) made a historic move above $112,000 on Wednesday, sparking a broader market rally. But is it the beginning of a record-breaking rally or a short-lived spike before corrections?&nbsp;&nbsp;
What happened: The apex cryptocurrency<a href="https://www.benzinga.com/crypto/25/07/46334779/bitcoin-breaks-112000-ethereum-dogecoin-surge-amid-growing-institutional-interest-nvidia-driven-tech-rally-experienced-trader-peter-brandt-says-i-am-long-btc"> briefly crossed</a> $112,000 in the afternoon before pulling back to the early $111,000s later in the day.
Entrepreneur and cryptocurrency market commentator Anthony Pompliano deemed Bitcoin as the "new hurdle rate," suggesting that it has crossed the benchmark required to be considered a viable investment.
&#8220;If you can&#8217;t beat it, you have to buy it,&#8221; Pompliano said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitcoin is the new hurdle rate. If you can&#39;t beat it, you have to buy it.
&mdash; Anthony Pompliano &#x1f32a; (@APompliano) <a href="https://twitter.com/APompliano/status/1943093812982685809?ref_src=twsrc%5Etfw">July 9, 2025</a></blockquote>
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Regarding the outlook, widely followed cryptocurrency analyst and trader CryptoBusy said that once the breakout above the $112,000 resistance is confirmed, $120,000 will be "imminent."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f7e0; BITCOIN: Once we confirm above the $112,000 resistance, $120K is imminent for <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>! Just don&#39;t drop any negative fundamentals that could affect the market! <a href="https://t.co/xqwbZXOgKE">pic.twitter.com/xqwbZXOgKE</a>
&mdash; CryptoBusy (@CryptoBusy) <a href="https://twitter.com/CryptoBusy/status/1943143584221532254?ref_src=twsrc%5Etfw">July 10, 2025</a></blockquote>
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On the other hand, Crypto Analyst, another cryptocurrency-focused X account with a significant following, predicted a price correction to $100,000 in the next few days.
They also warned of a potential 20-50% drop in altcoins due to a rise in Bitcoin dominance, possibly to 71%.
"Be extra careful longing and buying now," the analyst added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">What is next ? Here is what to expect …. &#x2705;this pump is over and the top is in . Could go slightly higher but <a href="https://twitter.com/search?q=%24btc&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$btc</a> will correct to $100k in a few days . &#x1f6a8;$btc dominance is oversold and will pump to 71%.<a href="https://twitter.com/search?q=%24alts&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$alts</a> will dump 20-50% in the next few days . &#x1f6a8;&#x1f6a8;be extra careful longing… <a href="https://t.co/l3wb3KmgZl">https://t.co/l3wb3KmgZl</a> <a href="https://t.co/hBMqaT4fGb">pic.twitter.com/hBMqaT4fGb</a>
&mdash; Crypto Analyst (@CryptoA40672341) <a href="https://twitter.com/CryptoA40672341/status/1943117653213864353?ref_src=twsrc%5Etfw">July 10, 2025</a></blockquote>
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Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $111,040.96, up 2.26% 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>. Year-to-date, the asset has risen over 17%.
Photo Courtesy: Rido on Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46317095/bitcoin-miners-rake-in-55k-daily-despite-heat-driven-hashrate-dip-heres-their-secret">Bitcoin Miners Rake In $55K Daily Despite Heat-Driven Hashrate Dip — Here&#8217;s Their Secret</a></li>
</ul>

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

Cryptocurrency

News

Markets

$BTC

Bitcoin Hits Historic High Above $112,000, Noted Investor Says 'If You Can't Beat It, You Have To Buy It'

As shares of project management tool Asana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) continue to languish near their all-time lows, the company&#8217;s founder and CEO, Dustin Moskovitz, is signaling confidence by aggressively acquiring its shares.
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/ASAN" target="_blank" rel="noreferrer noopener">ASAN stock here</a>.
What Happened: According <a href="https://investors.asana.com/node/11136/html">to</a> a Form 4 filed with the Securities and Exchange Commission (SEC) last week, Moskovitz acquired 450,000 shares in the company across two transactions on July 1 and July 2, worth a total of $6.1 million, as part of a pre-arranged Rule 10b5-1 trading plan, adopted on September 2024. 
Moskovitz, best known as one of the co-founders of Facebook, now referred to as Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), before he started Asana, has been buying shares in the project management platform he heads, hand over fist, in recent months, with year-to-date acquisitions at over $14 million.
See Also: <a href="https://www.benzinga.com/news/topics/25/07/46266251/robert-kiyosaki-calls-ai-the-biggest-change-in-modern-history-he-warns-you-need-to-take-proactive-action-to-avoid-becoming-a-victim">Robert Kiyosaki Calls AI The &#8216;Biggest Change In Modern History.&#8217; He Warns You Need To Take Proactive Action To Avoid Becoming A &#8216;Victim&#8217;</a>
With his direct and indirect holdings now exceeding 56 million shares, Moskovitz remains Asana's largest shareholder, wielding significant voting power.
Why It Matters: This comes as Asana shares remain down by 26.5% year-to-date, and 89.78% from its all-time high in 2021, helping shore up confidence in the stock.
During its <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45758525/asana-stock-climbs-on-mixed-q1-earnings-earnings-beat-revenues-miss">first quarter earnings</a> results a month ago, Asana reported $187 million in revenue, ahead of consensus estimates at $185 million. Earnings came in at $0.05 per share, well ahead of analyst estimates at $0.02 per share, as the company witnessed strong growth in customers spending $100,000 or more annually. 
Senior analyst, Patrick Walravens, at JMP Securities, currently <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45775121/asana-posts-first-ever-positive-operating-margin-signs-largest-heal-in-history">holds the high-end</a> of the Street&#8217;s price target for the stock at $22 per share, representing a 50% upside from current levels. 
Walravens cited the company&#8217;s first-ever positive operating margins during the first quarter for his decision. Analysts, however, continue to caution investors regarding macro uncertainties that could impact the stock going forward. 
Price Action: Shares of Asana were down 1.29% on Wednesday, trading at $14.58, and are up 1.85% after hours.
<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="148" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10011040/Screenshot-2025-07-10-at-10.40.29-AM-1024x148.png" alt="" class="wp-image-979318" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10011040/Screenshot-2025-07-10-at-10.40.29-AM-1024x148.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10011040/Screenshot-2025-07-10-at-10.40.29-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10011040/Screenshot-2025-07-10-at-10.40.29-AM-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10011040/Screenshot-2025-07-10-at-10.40.29-AM.png 1532w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The company scores poorly across the board in Benzinga&#8217;s Edge Stock Rankings, with an unfavorable price trend in the short, medium and long terms. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock. 
Photo Courtesy: FellowNeko from Shutterstock
Read More: 
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46263522/googles-ai-overviews-features-sparks-new-antitrust-battle-with-european-publishers-report">Google&#8217;s AI Overviews Features Sparks New Antitrust Battle With European Publishers: Report</a></li>
</ul>

Mid Cap

Tech

ASAN

This Tech CEO Is Buying His Company's Shares 'Hand Over Fist' As Analysts See 50% Upside From Current Levels

PCAPU

Reported Earlier, ProCap Units To Begin Separate Trading On Nasdaq As Class A Shares Under 'PCAP' And Warrants Under 'PCAPW' Starting July 11

INTC

MBLY

Reported Earlier, Mobileye Prices Secondary Offering Of 50M Class A Shares At $16.50 Each, With Intel Unit As Selling Stockholder

<ul>
<li>Adobe becomes the Premier League's Official Creativity Partner, giving fans new ways to share their passion with exclusive templates and create custom badges and kits for Fantasy Premier League with Adobe Express – powered by Firefly's commercially safe generative AI.</li>
<li>As Official Digital Fan Experience Partner, Adobe fuels the Premier League's data-driven playbook with Adobe Experience Platform to deliver personalised experiences for 1.8B global fans.</li>
<li>Together, Adobe and the Premier League are reimagining the fan experience, bringing them closer to the action, however they watch, wherever they are.</li>
</ul>

ADBE

Adobe And Premier League Launch Multi-Year Partnership To Transform Digital Fan Engagement With AI And Personalised Content

PONY

Pony.ai Advances Toward Large-Scale Commercialization With Mass Production And Testing Of Multiple Gen-7 Robotaxi Models

Kraft Heinz Signs Deal To Divest Latina Factory And Five Italian Brands To Italy's NewPrinces As Part Of Portfolio Acceleration Strategy; Deal Terms Not Disclosed

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects Conagra Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) to post quarterly earnings at 58 cents per share on revenue of $2.83 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Conagra Brands shares gained 0.8% to $20.55 in after-hours trading.</li>
<li>AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) posted better-than-expected earnings for its first quarter, while sales missed estimates. The company raised its FY2026 adjusted EPS guidance from $5.50-$6.10 to $5.75-$6.25. AZZ shares gained 0.1% to $101.00 in the after-hours trading session.</li>
<li>Analysts are expecting Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) to post quarterly earnings at $2.05 per share on revenue of $15.45 billion for the latest quarter. The company will release earnings before the markets open. Delta Air shares gained 0.6% to $50.99 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>Kraft Heinz Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) agreed to sell its infant and specialty food business in Italy to NewPrinces S.p.A. Kraft Heinz shares gained 0.2% to $26.50 in after-hours trading.</li>
<li>Analysts expect Helen of Troy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>) to post quarterly earnings at 90 cents per share on revenue of $398.20 million before the opening bell. Helen of Troy shares gained 1.3% to $31.40 in after-hours trading.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46316741/top-3-risk-off-stocks-that-may-rocket-higher-in-q3">Top 3 Risk Off Stocks That May Rocket Higher In Q3</a></li>
</ul>
Photo courtesy: Angel DiBilio / Shutterstock.com

Pre-Market Outlook

HELE

Conagra Brands, Delta Air Lines And 3 Stocks To Watch Heading Into Thursday

IFF Expands Singapore Innovation Center With Multi-Sensory Facility To Enhance Real-World Product Development

Elon Musk&#8216;s artificial intelligence startup xAI has launched Grok 4, positioning it as the world&#8217;s most powerful AI model according to benchmarks that show it outperforming OpenAI&#8216;s ChatGPT, Google&#8216;s Gemini, and Anthropic&#8216;s Claude.
What Happened: The new model debuts through SuperGrok Heavy, a premium subscription tier starting at $300 monthly that provides enhanced rate limits and early access to new features.
 The launch comes as xAI <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">seeks to raise $5 billion</a> through Morgan Stanley while navigating tensions between Musk and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) board members over his divided attention due to the Tesla CEO&#8217;s political activities.
Musk claimed Grok 4 achieves &#8220;PhD levels in every subject&#8221; with &#8220;no exceptions&#8221; when handling academic questions. The model demonstrated superior performance on ARC-AGI benchmarks, scoring 66.6% on version 1 and 15.9% on the more challenging version 2 tests.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Introducing Grok 4, the world&#39;s most powerful AI model. Watch the livestream now: <a href="https://t.co/59iDX5s2ck">https://t.co/59iDX5s2ck</a>
&mdash; xAI (@xai) <a href="https://twitter.com/xai/status/1943158495588815072?ref_src=twsrc%5Etfw">July 10, 2025</a></blockquote>
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These results significantly exceed competing models, with OpenAI&#8217;s o3 achieving 60.8% on ARC-AGI v1 and 6.5% on v2. Anthropic&#8217;s Claude Opus 4 reached 35.7% and 8.6% respectively, while Google&#8217;s Gemini 2.5 Pro scored 41.0% and 4.9%.
The benchmark measures artificial general intelligence capabilities through reasoning tasks, with Grok 4&#8217;s performance suggesting substantial advancement in AI reasoning abilities. However, the model operates at higher computational costs per task compared to competitors.
Wedbush Securities analyst Dan Ives recently called for the company&#8217;s board to facilitate a potential merger between Tesla and xAI, arguing it could create an &#8220;AI stalwart&#8221; supporting Tesla&#8217;s robotaxi and <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46305934/musk-tells-tesla-analyst-dan-ives-to-shut-up-but-hes-not-backing-down-this-is-the-time-for-a-plan">humanoid robotics initiatives</a>.
Musk previously stated that autonomous and robotics will &#8220;overwhelmingly dominate&#8221; Tesla&#8217;s future financial success.
See Also: <a href="https://www.benzinga.com/crypto/25/07/46335091/elon-musk-says-they-arrested-and-killed-peanut-the-squirrel-but-didnt-try-to-file-charges-in-epstein-client-list-pnut-token-soars-5">Elon Musk Says They &#8216;Arrested&#8217; And &#8216;Killed&#8217; Peanut The Squirrel But Didn&#8217;t Try To File Charges In Epstein Client List — PNUT Token Soars 5%</a>
Why It Matters: The Grok 4 launch occurs amid xAI&#8217;s broader expansion, including its Memphis supercomputer facility that recently r<a href="https://www.benzinga.com/markets/tech/25/07/46257227/elon-musks-xai-secures-permit-to-burn-natural-gas-for-grok-supercomputer-in-memphis-amid-clean-air-act-lawsuit-pollution-complaints">eceived permits for natural gas turbine operations</a> despite community opposition.
The company reportedly plans to deploy one million GPUs sourced primarily from Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>).
xAI&#8217;s valuation has <a href="https://www.benzinga.com/news/social-media/25/06/45738963/elon-musks-xai-targets-113-billion-valuation-with-300-million-share-sale-report">surged to $113 billion following its March acquisition</a> of social media platform X, formerly Twitter.
The company recently completed a $300 million share sale and continues pursuing $20 billion in equity funding at valuations potentially reaching $200 billion.
Musk&#8217;s focus on xAI development comes as Tesla faces autonomous vehicle competition and mounting pressure from shareholders regarding his time allocation across multiple companies. He recently withdrew from his Department of Government Efficiency role.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46335021/nvidia-sometimes-feels-like-americas-only-bargaining-chip-in-trade-standoff-with-china-says-jim-cramer-own-it-dont-trade-it">Nvidia Sometimes Feels Like America&#8217;s Only Bargaining Chip In Trade Standoff With China, Says Jim Cramer: &#8216;Own It, Don&#8217;t Trade It&#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: JRdes / Shutterstock.com

NVDA

TSLA

Elon Musk 's xAI Launches Grok 4 With 'PhD-Level' AI, Debuts In $300/Month 'SuperGrok' Tier

Major investors in Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) have urged the company's Board of Directors to hold the annual shareholders meeting as tensions rise between CEO Elon Musk and President Donald Trump.
Check out the current price of <a href="https://benzinga.com/quote/tsla">TSLA stock here</a>.
What Happened: A group of 27 major Tesla investors, including U.S. state treasurers, pension funds and governance experts, have asked the company to set a date for the meeting in a letter, Reuters reported on Wednesday.
The group expressed concerns about Musk's political ambitions, the feud with Trump, as well as declining sales figures, in the letter.&nbsp;
Under Texas law, the investors can move a court to require the Board to hold the meeting if the company hasn't done so in 13 months, the report suggests.
The EV giant had said in April that it would be filing its annual proxy statement, which is a statement from the company addressed to shareholders ahead of the investor meeting, later than expected, as the BoD hadn't decided on a date for the meeting, the report said.
Why It Matters: The news comes as Tesla sales have been dwindling for some time, with the number of units sold reaching <a href="https://www.benzinga.com/markets/tech/25/07/46189042/elon-musk-led-teslas-european-woes-worsen-with-sales-down-over-60-in-sweden-and-denmark">double-digit drops</a> in multiple markets.
The <a href="https://www.benzinga.com/news/politics/25/07/46216023/after-trump-warns-elon-musk-to-close-up-shop-china-rallies-behind-worlds-richest-man-theres-no-need-to-keep-putting-up-with-it">growing tensions</a> between Musk and Trump, following the Trump administration's Big, Beautiful Bill, which enforces sweeping budget cuts and <a href="https://www.benzinga.com/markets/tech/25/07/46289556/trumps-tax-bill-axes-the-7500-ev-credit-heres-how-you-can-still-claim-it">officially ends the $7,500 EV credit</a>, have seen Tesla stock tumble.
This coincides with Musk's <a href="https://www.benzinga.com/news/politics/25/06/46186733/elon-musk-staging-a-political-comeback-tesla-ceo-sparks-america-party-buzz-as-he-slams-trumps-insane-spending-bill">return to politics</a>, something for which he has been heavily criticized by Trump <a href="https://www.benzinga.com/markets/tech/25/07/46288776/ross-gerber-slams-joke-tesla-board-as-elon-musk-returns-to-politics-dan-ives-says-musk-cannot-start-own-political-party-and-remain-ceo">as well as industry experts</a>, who expressed concerns over Musk's commitment to Tesla following his announcement of the "America Party" political party.
<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="207" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10003624/TSLA-JUL-10-2025-1024x207.jpg" alt="" class="wp-image-979282" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10003624/TSLA-JUL-10-2025-1024x207.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10003624/TSLA-JUL-10-2025-300x61.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10003624/TSLA-JUL-10-2025-768x155.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10003624/TSLA-JUL-10-2025-1536x311.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10003624/TSLA-JUL-10-2025.jpg 1547w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla offers poor Momentum and Value, while scoring well on the Growth metric and offering satisfactory Quality. 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&#8217;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/news/space/25/07/46312510/elon-musks-spacex-insider-share-sale-could-push-valuation-to-400-billion-starlink-is-the-rocket-fuel">Elon Musk's SpaceX Insider Share Sale Could Push Valuation To $400 Billion—Starlink Is The Rocket Fuel</a></li>
</ul>
Photo courtesy: VTT Studio / Shutterstock.com

Tesla Investors Call For Shareholder Meeting Amid Elon Musk–Trump Feud, Declining Sales: Report

After being publicly <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46305934/musk-tells-tesla-analyst-dan-ives-to-shut-up-but-hes-not-backing-down-this-is-the-time-for-a-plan">told to "shut up"</a> by Elon Musk, longtime Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) bull Dan Ives said that the tech mogul is entitled to his opinion.
What Happened: Ives, a tech analyst at Wedbush Securities and one of <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45841922/tesla-remains-the-most-undervalued-ai-play-dan-ives">Tesla's most vocal supporters</a>, appeared on Bloomberg News.
During the conversation, he was asked about Musk's now viral reaction to Ives&#8217; call for Tesla&#8217;s board to create 25% voting control for the billionaire, set boundaries to ensure Musk spends a certain amount of time at the EV giant and oversight of his political endeavors.&nbsp;
In response, Ives said that following Musk's remark, he was sent hundreds of "shut up, Dan" memes, but "that's cool."
"To me, I just actually view it more as like he has his right to an opinion. I disagree. I&#8217;m a huge supporter of him and Tesla, but I&#8217;m more focused on it creating dialogue," Ives said.
See Also: <a href="https://www.benzinga.com/markets/asia/25/07/46314532/elon-musk-led-tesla-records-9-surge-in-june-model-y-sales-in-china">Elon Musk-Led Tesla Records 9% Surge in June Model Y Sales In China</a>
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<iframe loading="lazy" title="Tesla bull Dan Ives responds to Elon Musk's viral tweet" width="500" height="281" src="https://www.youtube.com/embed/YzcJnhVhfeE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Earlier, Ives told CNBC that he's not going stop pressing the issue just because Musk doesn't agree. He went on to say that Tesla shareholders' patience is running thin and Musk is still the company's greatest asset.
Why It's Important: Earlier this month, after Musk announced his "America Party," Ives called it the <a href="https://www.benzinga.com/news/politics/25/07/46267326/elon-musks-america-party-is-a-move-in-the-opposite-direction-says-dan-ives-analyst-gary-black-says-difficult-to-predict-impact-on-tesla-brand-short-term">opposite of what investors want</a>.
&#8220;Musk diving deeper into politics and now trying to take on the Beltway establishment is exactly the opposite direction that most Tesla investors want him to take during this crucial period for Tesla,&#8221; he said at the time.
Ives has also maintained his bullish stance on Tesla, projecting a $500 price target and a <a href="https://www.benzinga.com/markets/equities/25/07/46192638/tesla-is-one-of-the-two-best-physical-ai-plays-says-dan-ives-as-he-expects-2-trillion-in-valuation-were-not-even-factoring-optimus">$2 trillion valuation</a>. He previously called Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Tesla the top physical AI plays in the market right now.
Tesla currently has an average price target of $309.36, based on the estimates of 28 analysts. The three latest updates — from Mizuho, Guggenheim and Wedbush set an average target of $350, suggesting a potential upside of 18.16%.
Price Action: TSLA shares edged up 0.11% in after-hours trading after falling 0.65% during regular market hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings indicate that TSLA is trending downward in the short term but shows an upward trend over the medium and long term. While its growth score remains strong, its value rating is relatively weaker. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~: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-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09232233/Screenshot-2025-07-10-at-8.48.52%E2%80%AFAM.png" alt="" class="wp-image-979199" /></a></figure>
Photo Courtesy: Frederic Legrand &#8211; COMEO on Shutterstock.com
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</ul>

Elon Musk Asked Dan Ives To 'Shut Up' And The Tesla Bull Says 'That's Cool': Here's Why

On Wednesday, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) briefly hit <a href="https://www.benzinga.com/markets/tech/25/07/46326271/nvidia-breaks-4-trillion-barrier-benzinga-poll-predicted-it-first">$4 trillion market</a> cap. Meanwhile, its rival Silicon Valley startup Groq is reportedly aiming to raise fresh capital at a $6 billion valuation to fulfill a major Saudi contract.
What Happened: Groq has spoken to investors about raising between $300 million and $500 million to support its expansion efforts, particularly tied to a $1.5 billion agreement with Saudi Arabia to deliver advanced AI inference chips, reported Reuters (<a href="https://www.theinformation.com/articles/nvidia-challenger-groq-discusses-6-billion-valuation">via</a> The Information).
The startup told potential investors it expects to generate around $500 million in revenue this year from its contracts in the Gulf nation.
Read Also:&nbsp;<a href="https://www.benzinga.com/general/social-media/24/03/37879478/humble-beginnings-like-nvidia-reddit-was-founded-inside-a-restaurant" target="_blank" rel="noreferrer noopener">Humble Beginnings: Like NVIDIA, Reddit Was Founded Inside A Restaurant</a>
Groq's chips are designed to process and execute commands of pre-trained AI models with high speed and efficiency — a direct challenge to Nvidia.
Why It's Important: In May, it was reported that Saudi Arabia's sovereign wealth <a href="https://www.benzinga.com/tech/25/05/45402126/mohammed-bin-salman-launches-saudi-ai-firm-humain-led-by-ex-aramco-digital-ceo-as-trump-hails-golden-era-with-600-billion-in-us-deals">fund-backed AI firm</a>, HUMAIN, has chosen Groq to handle its inference operations.
HUMAIN, backed by Saudi Arabia's Public Investment Fund and chaired by Crown Prince Mohammed bin Salman, was created to unify the nation's AI investments into one company offering AI services, data centers, cloud solutions and an Arabic large language model.
In its last funding round in August 2023, Groq raised $640 million at a $2.8 billion valuation from investors including Cisco Investments, Samsung Catalyst Fund and BlackRock Private Equity Partners.
Earlier this month, Groq opened its first European data center in Helsinki, Finland, to support its global expansion and meet growing AI demand in Europe.
Photo Courtesy: YAKOBCHUK V on Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Media

Nvidia Rival Groq Reportedly Eyes $6 Billion Valuation, Cisco And Samsung-Backed Company Looks To Double Valuation Amid Surging AI Chip Demand

Pop Culture Group Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPOP#NASDAQ">CPOP</a>) experienced a surge of 42.25% in its stock value during <a href="https://www.google.com/finance/quote/CPOP:NASDAQ?sa=X&amp;ved=2ahUKEwjvr6uvrrGOAxVDyzgGHcSnKXEQ3ecFegQIMxAb">after-hours trading</a> on Wednesday. This comes after the company successfully completed a private placement, raising $30.5 million.
What Happened: Pop Culture Group, a China-based company focused on developing and hosting hip-hop and other entertainment events, completed a private placement on July 4, 2025. The company entered into subscription agreements with ten non-U.S. investors for the sale of 50 million Class A ordinary shares at $0.50 and 10 million Class B ordinary shares at $0.55. The transaction was finalized on July 8, 2025, generating gross proceeds of <a href="https://www.stocktitan.net/sec-filings/CPOP/6-k-pop-culture-group-co-ltd-current-report-foreign-issuer-4440cb419460.html">$30.5 million</a>.
See Also: <a href="https://benzinga.com/crypto/25/07/46211872/bitcoin-ethereum-dogecoin-mirror-tech-stocks-sell-off-as-trumps-big-beautiful-bill-passes-senate-analyst-spots-rare-warning-for-btc">Bitcoin, Ethereum, Dogecoin Mirror Tech Stocks Sell-Off As Trump&#8217;s &#8216;Big Beautiful Bill&#8217; Passes Senate: Analyst Spots &#8216;Rare Warning&#8217; For BTC</a>
These newly issued shares are exempt from U.S. registration requirements as all subscribers certified that they are not &#8220;U.S. persons&#8221; under Rule 902(k) of Regulation S. The company has not disclosed a specific allocation for the proceeds, leaving management with sole discretion over their use. The company&#8217;s Form 6-K filing, apart from the capital raise, contains no financial statements, operational updates, or earnings data.
Why It Matters: The completion of the private placement has had an impact on Pop Culture&#8217;s stock value, with a 42.45% surge in after-hours trading. This development follows several other <a href="https://www.benzinga.com/news/25/03/44434139/pop-culture-group-co-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency">notable events</a> for Pop Culture Group in 2025.
In February, the company&#8217;s shares <a href="https://www.benzinga.com/wiim/25/02/44005240/pop-culture-group-shares-are-trading-higher-after-the-company-announced-it-closed-the-acquisition-fo">rose</a> after it closed the acquisition for the equity interest in Xiamen Hand In Hand Network Technology.
In May, the company&#8217;s stock <a href="https://www.benzinga.com/news/earnings/24/05/38735624/why-pop-culture-group-stock-is-up">increased</a> following the release of an interim financial report showing an increase in overall operational performance.
Earlier this month, the company&#8217;s stock was among the <a href="https://www.benzinga.com/insights/movers/25/07/46242765/12-communication-services-stocks-moving-in-thursdays-pre-market-session">12 Communication Services Stocks</a> Moving In Thursday&#8217;s Pre-Market Session.
Price Action: According to <a href="https://www.benzinga.com/quote/CPOP">Benzinga Pro</a> data, CPOP closed at 13.93% higher at 0.70 per share.
Benzinga Edge Stock Rankings highlights Pop Culture Group has a strong Values core of 88.86. Here is<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> how the stock fares </a>on other parameters.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="865" height="157" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10000516/Screenshot-2025-07-10-093454.png" alt="" class="wp-image-979240" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10000516/Screenshot-2025-07-10-093454.png 865w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10000516/Screenshot-2025-07-10-093454-300x54.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10000516/Screenshot-2025-07-10-093454-768x139.png 768w" sizes="(max-width: 865px) 100vw, 865px" /></a></figure>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: vectorfusionart on Shutterstock.com 
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Entertainment

Equities

CPOP

Pop Culture Group Shares Explode 42% After-Hours: What's Going On

President Donald Trump has announced he is appointing Transportation Secretary Sean Duffy as the interim NASA Administrator.
What Happened: The president took to social media platform Truth Social on Wednesday to make the announcement. "I am pleased to announce that I am directing our GREAT Secretary of Transportation, Sean Duffy, to be Interim Administrator of NASA," he said.
He outlined how Duffy had done a "TREMENDOUS" job in his role with the U.S. government, "creating a state-of-the-art Air Traffic Control System," he said. He lauded Duffy for making America's roads and bridges "efficient and beautiful again."
"He will be a fantastic leader of the ever more important Space Agency, even if only for a short period of time," Trump said in the post.
The announcement comes as over 2,145 senior employees are set to depart the space agency, mostly from the high-ranked GS-13 to GS-15 designations, reserved for personnel with specialized skills, Politico reported <a href="https://www.politico.com/news/2025/07/09/nasa-staff-departures-00444674">on</a> Wednesday.
The departure follows proposed budget cuts for NASA that would see over 5,000 personnel cut from the workforce and budget slashed by 25%, the report suggests.
<figure class="wp-block-image aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="680" height="544" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09232435/Trump-truth-social-2.jpg" alt="" class="wp-image-979201" style="width:402px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09232435/Trump-truth-social-2.jpg 680w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09232435/Trump-truth-social-2-300x240.jpg 300w" sizes="(max-width: 680px) 100vw, 680px" /></figure>
Source: Truth Social
Why It Matters: The news comes as Trump had previously appointed and later <a href="https://www.benzinga.com/cannabis/25/06/45715861/donald-trump-withdraws-jared-isaacmans-nomination-for-nasa-administrator-says-new-nominee-would-put-america-first-in-space">withdrawn Jared Isaacman&#8216;s nominatio</a>n for the administrator position, citing Isaacman's previous political associations.
Trump's removal of Isaacman served as a point of contention between him and <a href="https://www.benzinga.com/news/politics/25/07/46266957/trump-calls-america-party-a-train-wreck-blasts-elon-musk-for-going-completely-off-the-rails-president-says-system-not-designed-for-a-third-player">SpaceX CEO Elon Musk</a>, who is a close associate of Isaacman. It's worth noting that Isaacman shared Musk's vision to visit Mars. &#8220;We will prioritize sending American astronauts to Mars,&#8221; Isaacman had said in the U.S. Senate.
Elsewhere, the U.S. government allocated over $1.25 billion towards the operations of the International Space Station, despite Musk's repeated calls <a href="https://www.benzinga.com/news/space/25/07/46241328/elon-musk-calls-for-retiring-international-space-station-after-trumps-tax-bill-allocates-over-1-25-billion-to-it-its-time-to-focus-on-mars">to de-orbit the ISS</a>, citing safety concerns.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Photo courtesy: Pandora Pictures / Shutterstock.com

SPACE

Trump Appoints Transportation Secretary Sean Duffy As Interim NASA Administrator

Perplexity AI launched its Comet web browser on Wednesday, following Alphabet Inc.&#8217;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>) Google Chrome&#8217;s rejection of the startup&#8217;s offer to become a default search engine option, according to CEO Aravind Srinivas.
What Happened: &#8220;I reached out to Chrome to offer Perplexity as a default search engine option a long time ago. They refused. Hence we decided to build Perplexity Comet browser,&#8221; Srinivas wrote on X Wednesday.
The move escalates competition in the browser market, where Google Chrome maintains a dominant market share. Perplexity&#8217;s entry comes as the San Francisco-based company, backed by Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), <a href="https://www.benzinga.com/news/financing/25/05/45358069/perplexitys-14-billion-valuation-ignites-google-search-engine-shakeup">carries a $14 billion valuation</a> from its latest funding round, up from $9 billion in November.
Comet positions itself as an artificial intelligence-powered browser that transforms browsing into &#8220;thinking,&#8221; according to Perplexity&#8217;s announcement. The browser integrates conversational AI capabilities, allowing users to ask questions directly without traditional search navigation. The company describes the shift as moving &#8220;from navigation to cognition.&#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">I reached out to Chrome to offer Perplexity as a default search engine option a long time ago. They refused. Hence we decided to build <a href="https://twitter.com/PerplexityComet?ref_src=twsrc%5Etfw">@PerplexityComet</a> browser.
&mdash; Aravind Srinivas (@AravSrinivas) <a href="https://twitter.com/AravSrinivas/status/1942993484341776729?ref_src=twsrc%5Etfw">July 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/etfs/specialty-etfs/25/07/46335141/elon-musk-is-the-most-productive-human-being-on-earth-says-ark-invests-cathie-wood-facts-are-facts">Elon Musk Is The &#8216;Most Productive Human Being On Earth,&#8217; Says Ark Invest&#8217;s Cathie Wood: &#8216;Facts Are Facts&#8217;</a>
Why It Matters: The browser launch follows mounting speculation about potential acquisition targets for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). Wedbush Securities analyst Dan Ives called a Perplexity acquisition &#8220;a no-brainer&#8221; for Apple, citing the tech giant&#8217;s need to <a href="https://www.benzinga.com/markets/equities/25/07/46216283/dan-ives-urges-apple-to-make-a-move-saying-that-perplexity-acquisition-is-a-no-brainer-its-a-matter-of-when-and-not-if">strengthen its AI capabilities</a> amid criticism of Siri and delayed Apple Intelligence features.
Perplexity&#8217;s search engine provides inline citations and sources, differentiating it from traditional search results. 
The startup&#8217;s revenue continues growing, with CEO Srinivas stating &#8220;no plans of IPOing before 2028&#8221; during a Reddit discussion <a href="https://www.benzinga.com/25/03/44557415/perplexity-ceo-aravind-srinivas-shuts-down-financial-rumors-on-reddit-says-ai-search-startup-has-no-plans-of-ipoing-before-2028">addressing financial stability concerns</a>. Major investors include Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos and SoftBank Group Corp.
Comet launches initially for Perplexity Max subscribers, with invite-only access rolling out through summer. The browser represents Perplexity&#8217;s boldest challenge to Google&#8217;s web ecosystem as AI search competition intensifies across the technology sector.
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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: Shutterstock

AAPL

AMZN

GOOG

GOOGL

Google Rejected Perplexity's Request To Become A Default Search Engine Option On Chrome: AI Startup Fires Back With 'Comet' Browser

Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.)&nbsp;urged Congress to implement stricter regulations on digital assets on Wednesday, citing concerns over President Donald Trump&#8217;s &#8220;superhighway of crypto corruption.&#8221; 
What Happened: During a Senate Banking, Housing, and Urban Affairs Committee hearing, Warren cautioned that any cryptocurrency regulation should not have &#8220;massive unintended consequences.&#8221;
&#8220;President Trump has made it impossible to have a conversation about cryptocurrency legislation that doesn't address his most successful grift yet,&#8221; the senior Democrat said.
Warren cited a recent New York Times <a href="https://www.nytimes.com/interactive/2025/07/02/business/donald-trump-wealth-net-worth.html">report </a>that found crypto to be the most significant source of Trump&#8217;s wealth.
&#8220;If Congress is going to ratify a sweeping crypto regulatory regime, it is critical we shut down the President's superhighway of crypto corruption,&#8221; Warren said.
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If Congress is going to ratify a sweeping crypto regulatory regime, it is critical we shut down the President's superhighway of crypto corruption. <a href="https://t.co/B0KmMO57MY">pic.twitter.com/B0KmMO57MY</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1943029556027212035?ref_src=twsrc%5Etfw">July 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
During the hearing, Warren sought insights from legal scholar and former chief White House ethics lawyer Richard W. Painter on the potential impacts of&nbsp;a new federal regulatory framework&nbsp;for the Trump family&#8217;s cryptocurrency ventures.
&#8220;It will make him very&nbsp;rich. Richer than he already&nbsp;is,&#8221; Painter said, when asked about the impact on the Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) meme coin.
Warren further inquired about who would have&nbsp;the power to appoint and&nbsp;dismiss regulators implementing new rules governing crypto holdings if the bill passes. Painter responded, &#8220;The President of the United&nbsp;States.&#8221;
The White House didn&#8217;t immediately return Benzinga&#8217;s request for comment.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46298615/trump-medias-new-crypto-blue-chip-etf-filing-comes-with-a-twist">Trump Media&#8217;s New &#8216;Crypto Blue Chip ETF&#8217; Filing Comes With A Twist</a>
Why It Matters: This investigation follows&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45399468/elizabeth-warren-calls-out-trump-linked-stablecoin-as-a-national-security-risk-hes-cashing-in-on-foreign-crypto-deals">Warren&#8217;s previous criticism</a>&nbsp;of the Trump family&#8217;s involvement in the stablecoin space, which she labeled a potential threat to national security and a conduit for corruption. She specifically expressed concerns about the dollar-pegged cryptocurrency USD1
Warren&nbsp;<a href="https://www.benzinga.com/25/05/45509721/elizabeth-warren-urges-congress-to-vote-against-genius-act-citing-potential-for-trumps-corruptionanthony-scaramucci-warns-democrats-against-political-suicide">urged Congress to vote against</a>&nbsp;the GENIUS Act, also known as the stablecoin bill, because it would enable Trump's "crypto corruption." The bill eventually passed the Senate.
Moreover, Trump reported incomes<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45966444/donald-trump-jr-says-his-father-doesnt-touch-the-family-backed-crypto-company-despite-disclosure-of-57-million-income" target="_blank" rel="noreferrer noopener">&nbsp;exceeding $57 million</a>&nbsp;from&nbsp;World Liberty Financial, the firm behind USD1, in his latest disclosure, leading to further scrutiny of his cryptocurrency ventures.
Photo Courtesy: Sheila Fitzgerald On Shutterstock.com
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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>

Politics

$TRUMP

Elizabeth Warren Says Critical That Trump's 'Superhighway Of Crypto Corruption' Be Shut Down

Melinda French Gates says she will not bankroll her daughter's new fashion-tech venture, arguing that the startup must prove itself the same way any "real business" does.
What Happened: "She got capitalized not because of my contacts, not because of me," the billionaire philanthropist <a href="https://fortune.com/2025/07/08/melinda-french-gates-reveals-shes-refusing-to-fund-her-gen-z-daughters-new-startup-despite-being-worth-nearly-31-billion/">told</a> the Power of Women's Sports Summit, according to Fortune. "I wouldn't put money into it," she added, insisting her daughter learn how to navigate the sting of rejection on her own.
The stance echoes ex-husband Bill Gates' long-held pledge that their three children will inherit "<a href="https://www.benzinga.com/25/04/44579813/bill-gates-declares-that-his-children-would-inherit-less-than-1-of-his-fortune-i-am-not-asking-them-to-run-microsoft">less than 1%</a>" of his fortune and must "make their own way."
French Gates, whose net worth exceeds $30 billion, told the audience a real venture must attract outside backers and become resilient through rejection See Also: <a href="https://www.benzinga.com/personal-finance/management/25/07/46316239/f1s-293m-10-day-haul-lands-apple-its-first-box-office-smash-giving-formula-1-huge-u-s-visibility">F1&#8217;s $293M 10-Day Haul Lands Apple Its First Box Office Smash, Giving Formula 1 Huge U.S. Visibility</a>
Though French Gates did not name which daughter, 22-year-old Phoebe Gates <a href="https://www.benzinga.com/news/25/05/45184302/bill-gates-daughter-launches-phia-a-850k-ai-powered-fashion-app-with-backing-from-kris-jenner-and-desiree-gruber">recently launched Phia</a>, an AI-powered platform that compares prices from 40,000 retailers. Phia's seed round, roughly $850,000 so far, came from Soma Capital, a Stanford social-impact grant and angel investors, not family money. Celebrity backers such as Kris Jenner have since joined.
Why It Matters: French Gates said the tough-love approach is especially critical for women in tech, where just <a href="https://ff.co/women-funding-statistics-2025/">2.3% of global venture capital</a> went to all-female founding teams last year. "It is very, very hard to get your business funded if you're a woman," she warned.
Tennis legend Billie Jean King, seated beside her, agreed, saying, &#8220;To your point, like your daughter has figured out how to get this first business started — that's amazing. I don't think it'll ever fail—she'll get feedback from every situation.
Phoebe Gates has embraced that mantra, telling a podcast recently that investor skepticism about her age and future motherhood left her in tears <a href="https://www.benzinga.com/tech/25/05/45162723/bill-gates-daughter-phoebe-says-mom-melinda-gave-tough-love-advice-after-investors-questioned-motherhood-plans-get-up-or-get-out-the-game">until her mom advised</a>, "Get up or get out of the game, sis."
Photo Courtesy: ibragimova on Shutterstock.com
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Startups

Melinda French Gates Reveals Why She Won't Fund Her Daughter's Startup, Says Others Should Back It If Its A 'Real Business'

IGC Pharma Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGC#NYSE">IGC</a>) witnessed a surge of 69.40%&nbsp; in its stock value during after-hours trading on Wednesday.
What Happened: The stock of IGC Pharma, a company involved in the development of cannabinoid-based therapies for Alzheimer&#8216;s disease, <a href="https://www.google.com/finance/quote/IGC:NYSEAMERICAN?sa=X&amp;ved=2ahUKEwieuY3jmbGOAxWKbmwGHX-XCkcQ3ecFegQINRAb">rose by 69.40%</a> to $0.62. This surge followed the closing price of $0.37 on Wednesday.
See Also: <a href="https://benzinga.com/markets/macro-economic-events/25/07/46312778/scott-bessent-never-made-time-for-japans-trade-negotiator-says-economist-yet-the-us">Scott Bessent Never &#8216;Made Time&#8217; For Japan&#8217;s Trade Negotiator, Says Economist, Yet The US Ally Got Hit With Trump Tariffs — How Should Tokyo Make Sense Of This?</a>
IGC Pharma&#8217;s stock has been on a rollercoaster ride recently. The company&#8217;s stock value had dropped to $0.32 on Tuesday, but it has now rebounded in after-hours trading.
Why It Matters: IGC Pharma has been making significant strides in its field. In June, the company highlighted its fiscal year 2025 with <a href="https://www.benzinga.com/general/biotech/25/06/46167742/igc-pharma-highlights-fiscal-year-2025-with-clinical-progress-and-alzheimers-drug-development-adv">clinical progress and Alzheimer&#8217;s drug development advances</a>. This included the presentation of a scientific poster titled &#8220;Genetic Toxicity Evaluation Of Melatonin In The Bacterial Reverse Mutation Assay,&#8221; at the 2025 <a href="https://investor.igcpharma.com/igc-pharma-presents-genetic-toxicology-safety-data-on-api-in-igc-ad1-at-the-2025-genetic-toxicology-association-meeting/">Genetic Toxicology Association Annual Meeting</a>.
IGC Pharma also <a href="https://www.benzinga.com/insights/earnings/25/06/46140110/insights-ahead-igc-pharmas-quarterly-earnings">beat analyst estimates in its fourth-quarter earnings, reporting an earnings</a> per share of $(0.01) and sales of $330 million, which beat the $305 million estimate. 
Earlier in July, IGC Pharma was also <a href="https://www.benzinga.com/insights/movers/25/07/46332784/12-health-care-stocks-moving-in-wednesdays-after-market-session">listed among the top health care stocks</a> that were moving in the after-market session. This indicates that the company has been attracting investor attention.
Price Action: IGC Pharma shares closed the Wednesday market session 14.02% higher at $0.37 per share- <a href="https://www.benzinga.com/quote/IGC">Benzinga Pro Data</a>
Benzinga Edge Stock Rankings shows IGC stock has Momentum in the 20th percentile. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance details 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 loading="lazy" decoding="async" width="857" height="163" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09224248/Screenshot-2025-07-10-081230.png" alt="" class="wp-image-979160" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09224248/Screenshot-2025-07-10-081230.png 857w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09224248/Screenshot-2025-07-10-081230-300x57.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09224248/Screenshot-2025-07-10-081230-768x146.png 768w" sizes="(max-width: 857px) 100vw, 857px" /></a></figure>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: kikpokemon on Shutterstock.com
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Biotech

Health Care

 IGC

Massive 69.4% Surge for IGC Pharma in After-Hours Trading: Here's Why

Investor Cathie Wood, the CEO of Ark Invest, offered one of her most emphatic endorsements yet of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO, Elon Musk, calling him &#8220;the most productive human being on earth and in space in history.&#8221;
What Happened: On Wednesday, Wood shared a post on X, crediting Musk for &#8220;harnessing breakthroughs in AI, robotics, and energy storage,&#8221; which she says makes him the most productive human. 
&#8220;Facts are facts,&#8221; she says, while sharing an earlier post by former Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) CTO, Balaji Srinivasan, who praised Musk&#8217;s rare ability to build complex hardware companies such as Tesla and SpaceX, at scale, while juggling several other ventures across AI, brain-computer interfaces, and tunneling technology.
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46307371/musk-vs-trump-tesla-ceo-is-down-87-billion-in-2025-but-still-worth-49x-more-than-trump-media-trump-coin">Musk Vs. Trump: Tesla CEO Is Down $87 Billion In 2025 But Still Worth 49X More Than Trump Media &amp; Trump Coin</a>
&#8220;Hardware is hard,&#8221; Srinivasan said in his post, since &#8220;even one serious bug can destroy your company,&#8221; leading him to laud the fact that Musk accomplished all this amid crises, regulatory pressure, and personal chaos, while comparing him to the likes of Srinivasa Ramanujan and Michael Jordan.
<figure class="wp-block-embed aligncenter 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">Harnessing breakthroughs in AI, robotics, and energy storage, <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> is the most productive human being on earth and in space in history. Facts are facts. <a href="https://t.co/o3EvzTl26o">https://t.co/o3EvzTl26o</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1943110385667617199?ref_src=twsrc%5Etfw">July 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Wood has been a longtime Tesla bull and an ardent Musk supporter, with shares of the EV giant being Ark Invest&#8217;s biggest holding across its family of ETFs, accounting for 7.56% of its total assets under management, or $916 million.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">ETF</td>
<td class="has-text-align-center" data-align="center">Weight</td>
<td class="has-text-align-center" data-align="center">Market Value</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Performance</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Ark Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>)</td>
<td class="has-text-align-center" data-align="center">9.38%</td>
<td class="has-text-align-center" data-align="center">$628.7 Million</td>
<td class="has-text-align-center" data-align="center">+27.21%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>) </td>
<td class="has-text-align-center" data-align="center">6.81%</td>
<td class="has-text-align-center" data-align="center">$140.0 Million</td>
<td class="has-text-align-center" data-align="center">+37.48%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>)</td>
<td class="has-text-align-center" data-align="center">10.67%</td>
<td class="has-text-align-center" data-align="center">$109.0 Million</td>
<td class="has-text-align-center" data-align="center">+16.60%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Combined</td>
<td class="has-text-align-center" data-align="center">7.56%</td>
<td class="has-text-align-center" data-align="center">$916.7 Million</td>
<td class="has-text-align-center" data-align="center">-21.99%</td>
</tr>
</tbody>
</table>
</figure>
Analyst Dan Ives of Wedbush Securities believes Tesla is &#8220;the most undervalued AI play,&#8221; while maintaining an &#8220;Outperform&#8221; rating on the stock, with a <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45841922/tesla-remains-the-most-undervalued-ai-play-dan-ives">Price Target of $500</a>, representing a 68.9% upside from current levels. 
The <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">consensus price target</a> for the stock now stands at $309, or an upside of 4.4% from its current levels.
Price Action: Shares of Tesla were down 0.65% on Wednesday, trading at $295.88, and are up 0.11% after hours. 
<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="149" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09225703/Screenshot-2025-07-10-at-8.26.54-AM-1024x149.png" alt="" class="wp-image-979170" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09225703/Screenshot-2025-07-10-at-8.26.54-AM-1024x149.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09225703/Screenshot-2025-07-10-at-8.26.54-AM-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09225703/Screenshot-2025-07-10-at-8.26.54-AM-768x112.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09225703/Screenshot-2025-07-10-at-8.26.54-AM.png 1524w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Tesla scores high on Growth and has a favorable price trend in the medium and long terms, but not in the short term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock, its peers and competitors.
Photo courtesy: Mijansk786 / Shutterstock.com
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</ul>

Large Cap

ARKK

ARKQ

ARKW

COIN

Elon Musk Is The 'Most Productive Human Being On Earth,' Says Ark Invest's Cathie Wood: 'Facts Are Facts'

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Nuvation Bio Announces National Comprehensive Cancer Network® Adds Taletrectinib (IBTROZI™) as Preferred Option to Clinical Practice Guidelines in Oncology for Advanced ROS1+ Non-Small Cell Lung Cancers

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