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ONEWATER MARINE INC-CL A

OneWater Marine

OneWater Marine Inc is a recreational marine retailer in the United States. The company operates in two segments: Dealership and Distribution. The Dealership segment is involved in selling new and pre-owned boats. It also arranges financing and insurance products, provides repairs and maintenance services, offers marine-related parts and accessories, and supplies slip and storage accommodations at certain locations. The Distribution segment focuses on the manufacturing, assembly, and distribution of marine-related products. These products are supplied to distributors, box retailers, and online retailers through a network of warehouses and distribution centers. The company generates the majority of its revenue from the Dealership segment.

An AI-powered impersonation of Secretary of State Marco Rubio has raised alarm at the U.S. State Department after attempts were made to deceive several high-ranking officials.
What Happened: An unknown actor used artificial intelligence to impersonate Rubio, creating a Signal account under the name "marco.rubio@state.gov," <a href="https://edition.cnn.com/2025/07/08/politics/marco-rubio-artificial-intelligence-impersonation">reported</a> CNN, citing a cable.&nbsp;
The impersonator contacted at least five individuals, including three foreign ministers, a U.S. governor and a member of Congress, aiming to gain "access to information or accounts."
The cable warned U.S. diplomats globally of "two distinct campaigns" in which cyber actors were posing as State Department officials using email and messaging apps.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/07/46301582/metas-ai-empire-grows-fueled-by-openai-deepmind-apple-defectors" target="_blank" rel="noreferrer noopener">Meta's AI Empire Grows — Fueled By OpenAI, DeepMind, Apple Defectors</a>
"The actor likely aimed to manipulate targeted individuals using AI-generated text and voice messages," the cable noted.
The State Department confirmed awareness of the incident and said it is investigating.
"The department takes seriously its responsibility to safeguard its information and continuously takes steps to improve the department's cybersecurity posture to prevent future incidents," a spokesperson said Tuesday.
Why It's Important: This AI-driven impersonation comes amid rising cyber threats linked to foreign adversaries. The cable also detailed a second Russia-linked campaign that involved phishing attempts targeting Gmail accounts of scholars, activists and journalists.
Cybersecurity researchers, including Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google's Threat Intelligence Group and the University of Toronto's Citizen Lab, say these targeted operations reflect <a href="https://www.benzinga.com/news/22/09/28983422/googles-study-claims-russia-resorting-to-cyberattacks-against-ukraine">growing sophistication</a> by state-linked hackers like Russia's APT29.
The FBI is investigating related incidents, including past impersonations of other senior U.S. officials. The State Department advised external partners to report any impersonation attempts to the FBI's Internet Crime Complaint Center, the report said.
Last year, an AI-generated voice <a href="https://www.benzinga.com/news/24/01/36731683/ai-biden-impersonation-shakes-up-new-hampshire-primary-sparks-vote-skipping-scandal">impersonating former President</a> Joe Biden was used in a robocall that told New Hampshire voters not to cast their ballots in the state's primary election.
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46258669/tesla-made-2-76-billion-from-zev-credits-in-2024-in-us-but-trumps-tax-bill-just-killed-this-revenue-stream" target="_blank" rel="noreferrer noopener">Tesla Made $2.76 Billion From ZEV Credits In 2024 In US But Trump's Tax Bill Just Killed This Revenue Stream</a></li>
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Photo Courtesy: Maxim Elramsisy on Shutterstock.com
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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Marco Rubio Impersonator Used AI To Contact 3 Foreign Ministers With The Intent To Gain 'Access To Information' — State Department Reacts

Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.) and former Treasury Secretary Lawrence Summers are voicing their concerns on the provisions of the recently passed &#8220;One Big, Beautiful Bill,&#8221; warning of significant consequences for working American families. 
What Happened: On Tuesday, in a post on X, Warren criticized Republicans for backing the bill, saying they now &#8220;own the fact&#8221; that 17 million people are projected to lose health care coverage.
She added that the cuts will lead to higher grocery prices, rising student loan payments, and increased utility bills. &#8220;We will never let Republicans forget they chose Trump over the American people,&#8221; Warren said.
See Also: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46300815/solar-stocks-get-a-reprieve-as-trumps-big-beautiful-bill-lands-softer-than-feared">Solar Stocks Get A Reprieve As Trump&#8217;s &#8216;Big Beautiful Bill&#8217; Lands Softer Than Feared</a>
The bill that passed with Vice President JD Vance&#8217;s <a href="https://www.benzinga.com/news/politics/25/07/46211326/one-big-beautiful-bill-passes-senate-with-jd-vances-tie-breaking-vote-trump-says-its-going-to-go-very-nicely-in-the-house">tie-breaking vote</a> in the Senate last week proposes cuts worth $930 billion on the Medicaid health&nbsp;program and food aid for&nbsp;low-income Americans, alongside the green energy incentives instituted by former President Joe Biden. It is also set to increase the Federal Government&#8217;s debt ceiling by $5 trillion.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Every single Republican now owns the fact that: 17 million people will lose health care; the cost of groceries will go up; student loan payments will go up; and utility bills will go up. We will never let Republicans forget they chose Trump over the American people.
&mdash; Elizabeth Warren (@ewarren) <a href="https://twitter.com/ewarren/status/1942678996942004662?ref_src=twsrc%5Etfw">July 8, 2025</a></blockquote>
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Summers, a Democrat who served under Presidents Bill Clinton and Barack Obama, echoed Warren's criticism. &#8220;The cruelty of the cuts in OBBB [One Big, Beautiful Bill] is matched only by their stupidity,&#8221; he says, warning that reductions in Medicaid would shift unreimbursed care costs to hospitals, which would then get passed on to patients.
He says that this would lead to delayed treatments, which would then be more expensive, emphasizing the broader inflationary consequences of the policy, while sharing a link to his New York Times column on the same.
In a New York Times <a href="https://www.nytimes.com/2025/07/08/opinion/trump-bill-medicaid-cuts.html">column</a> titled &#8220;This law made me ashamed of my country,&#8221; Summers paints a grimmer picture on the bill, calling it &#8220;the most brutal rollback of the American social safety net in modern history.&#8221;
He warned that the $1 trillion Medicaid cut could lead to more than 100,000 avoidable deaths over a decade, citing peer-reviewed studies and comparisons to Reagan-era welfare reductions. &#8220;I don't remember any past Fourth of July when I've felt more ashamed of my country,&#8221; he says.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The cruelty of the cuts in OBBB is matched only by their stupidity. Medicaid beneficiaries will lose, but so will the rest of us. The cost of care that is no longer reimbursed by Medicaid will instead be borne by hospitals and passed onto paying patients, only at higher levels,…
&mdash; Lawrence H. Summers (@LHSummers) <a href="https://twitter.com/LHSummers/status/1942569299337437274?ref_src=twsrc%5Etfw">July 8, 2025</a></blockquote>
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Why It Matters: Sen.&nbsp;Bernie Sanders&nbsp;(I-VT.) <a href="https://www.benzinga.com/news/politics/25/06/46160881/bernie-sanders-slams-trumps-big-beautiful-bill-as-a-gift-for-billionaires-the-most-dangerous-piece-of-legislation-in-modern-history">slammed the bill</a> as &#8220;the most dangerous piece of legislation in the modern history of our country,&#8221; while adding that its provisions were a &#8220;gift to the billionaire class.&#8221;
The bill has come under criticism from several Republican leaders as well, with Rep.&nbsp;Thomas Massie&nbsp;(R-Ky.) warning that its passage could lead to the <a href="https://www.benzinga.com/markets/economic-data/25/06/46165307/us-credit-rating-would-fall-if-trumps-big-beautiful-bill-is-approved-says-thomas-massie-heres-what-it-means-for-americans">downgrading of U.S. debt</a> to BBB status, signaling financial distress.
GOP senators,&nbsp;Ron Johnson&nbsp;(R-Wis.) and&nbsp;Rand Paul&nbsp;(R-Ky.) have similarly warned&nbsp;<a href="https://www.benzinga.com/news/25/05/45604917/gop-senators-threaten-to-block-trumps-tax-and-spending-bill-over-deficit-medicaid-cuts-and-debt-ceiling-hike" target="_blank" rel="noreferrer noopener">against the bill</a>, saying that it could fuel deficits and inflation.
Even President Donald Trump&#8217;s former ally, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO, Elon Musk, described the bill as a &#8220;massive, outrageous, pork-filled&#8221; spending package, referring to it as a <a href="https://www.benzinga.com/news/politics/25/06/45757029/elon-musk-slams-congressional-spending-bill-as-a-disgusting-abomination">&#8220;disgusting abomination</a>&#8221; a month ago.
Photo Courtesy: Shutterstock/Sheila Fitzgerald
Read More:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46270052/as-trumps-big-beautiful-bill-is-signed-into-law-these-evs-from-tesla-gm-and-ford-will-become-more-expensive">As Trump&#8217;s &#8216;Big, Beautiful Bill&#8217; Is Signed Into Law, These EVs From Tesla, GM And Ford Will Become More Expensive: Report</a></li>
</ul>

Bonds

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Markets

TSLA

Elizabeth Warren Says GOP Chose Trump Over American People, Slams 'Big Beautiful Bill' For Potentially Ushering Health Care Cuts, Price Hikes

Personal finance broadcaster Dave Ramsey says marital honesty beats any bank balance, scolding a caller who admitted hiding "millions of dollars" from his wife because she "spends too much."
What Happened: "You've been married to her five years … She didn't know you've got any money. That's deception," Ramsey <a href="https://www.youtube.com/watch?v=iUJz4SaC1zo">told</a> the man on The Ramsey Show.
The caller, raised in California after being born in South Korea, said, "I'm the saver and she's the spender," and feared revealing their net worth would "scare" her. Ramsey asked bluntly, "Are you from another culture?&#8221; explaining, &#8220;Because in Anglo-America, what you just described is pretty whacked."
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When the man insisted different money personalities justified secrecy, Ramsey cut him off: "Honey, you're not listening … You have actively deceived your wife." He added that the husband's real motive was fear.
See also: <a href="https://www.benzinga.com/personal-finance/entrepreneurship/25/07/46266500/mark-cuban-says-his-children-struggle-with-the-downsides-of-his-wealth-not-that-they-want-to-be-poor-but-it-sets-an-expectation">Mark Cuban Says His Children Struggle With the Downsides of His Wealth: &#8216;Not That They Want To Be Poor, But It Sets An Expectation&#8217;</a>
Ramsey, married 43 years, said relational wealth outweighs financial riches. "I value a quality marriage and relationship going into my old age … I value that more than money. You don't, so I'm having trouble connecting with you." 
He warned delay will only deepen the breach: "The longer you put this off, the worse this is going to get. This is a weird thing you've done and you need to own that."
Why It Matters: Ramsey's firm stance mirrors advice he's given other callers who tried to hide windfalls or inheritances. Deception is not healthy, he told a woman <a href="https://www.benzinga.com/personal-finance/25/02/43901721/if-you-do-what-im-talking-about-dave-ramsey-reacts-to-a-caller-who-wants-to-hide-inheritance-from-her-husband-of-50-years">shielding cash from her husband</a>.
The finance guru <a href="https://www.facebook.com/daveramsey/posts/if-youre-married-my-money-and-your-money-doesnt-exist-its-our-money-and-thats-th/1268763677946577/">urges</a> married couples to ditch the "my money" versus "your money" mindset and pool their income in a single account so they operate as one financial team. He says couples who budget together, assign every dollar a purpose and set shared goals, replace mistrust and hidden spending with unity and purpose.
Ramsey also recommends scheduling weekly money check-ins, arguing that regular communication removes financial surprises and defuses conflict before it starts. When spouses combine accounts, talk openly, and chase mutual dreams, he insists they not only win with money but also strengthen their marriage.
Read next: <a href="https://www.benzinga.com/news/politics/25/07/46291070/trump-manages-inflation-like-boss-running-a-protection-racket-says-craig-shapiro-you-can-jawbone-walmart-but-not-the-rent">Trump Manages Inflation Like &#8216;Boss Running A Protection Racket,&#8217; Says Craig Shapiro: &#8216;You Can Jawbone Walmart, But Not The Rent&#8217;</a>
Photo Courtesy: Mumemories on Shutterstock.com

Financial Advisors

Personal Finance

Dave Ramsey Values A Quality Marriage And Relationship Over Money, He Once Schooled A Caller Who Hid Money From Wife That 'Spends Too Much'

Leading cryptocurrencies recovered and stocks traded flat on Tuesday as President Donald Trump stated that the Aug. 1 deadline for tariffs remains unchanged.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 10:30 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+0.90%</td>
<td>$108,766.98</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+3.02%</td>
<td>$2,602.05</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.08%</td>
<td>$0.1702</td>
</tr>
</tbody>
</table>
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What Happened: Bitcoin rallied to an intraday high of $109,198.97, recouping losses from Monday&#8217;s sell-off. Ethereum broke above $2,600 but failed to sustain the rally
Institutional interest continued to grow, as iShares Bitcoin Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>)&nbsp;<a href="https://www.benzinga.com/crypto/25/07/46291817/blackrocks-bitcoin-etf-just-overtook-michael-saylors-mstr-now-holds-nearly-700000-btc">surpassed&nbsp;</a>Strategy Inc.‘s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) BTC holdings.
Over $115 million was liquidated from the cryptocurrency market in the last 24 hours, with short position traders losing more. A further $260 million in Bitcoin perpetuals risked liquidation if the apex cryptocurrency rose to $111,000.
Bitcoin's open interest rose marginally by 0.52%. Notably, the majority of top traders on Binance were positioned short as of this writing.
The "Greed" sentiment persisted in the market, according to the Crypto Fear &amp; Greed Index.
Top Gainers (24 Hours)
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<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 10:30 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Cronos (CRO)</td>
<td>+18.22%</td>
<td>$0.09489</td>
</tr>
<tr>
<td>Zcash (ZEC)&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+9.25%</td>
<td>$42.14</td>
</tr>
<tr>
<td>SPX6900 (SPX)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+7.61%</td>
<td>$1.33 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.37 trillion, following a 1.16% increase in the last 24 hours.
Stocks were a mixed bag on Tuesday. The Dow Jones Industrial Average fell 165.60 points, or 0.37%, to end at 44,240.76. The S&amp;P 500 was little changed, closing 0.07% lower at 6,225.52. The tech-focused Nasdaq Composite gained 0.03% to end at 20,418.46.
Trump stated via Truth Social that the Aug. 1 deadline for tariffs remains <a href="https://truthsocial.com/@realDonaldTrump/posts/114818149310161097">unchanged</a>, and no extensions will be given. He also <a href="https://www.benzinga.com/markets/equities/25/07/46305321/copper-price-surges-trump-tariffs-stocks-july-2025">announced a 50% tariff</a> on copper imports, pushing the industrial metal to record highs.
Tuesday&#8217;s sideways movement came after markets fell on Monday after Trump&#8217;s announcement of <a href="https://www.benzinga.com/markets/equities/25/07/46281204/wall-street-today-trump-tariffs-japan-south-korea-stocks-drop">sweeping 25% tariffs</a> on all imports from Japan and South Korea beginning Aug. 1.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Blockchain analytics firm Santiment highlighted a surge in bullish retail crowd sentiment as Bitcoin sits above $108,500.
"Be cautious while crowd FOMO is pouring in, as it can often lead to short-term corrections," Santiment remarked.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f92a; Bitcoin traders are leaning very bullish once again with crypto&#39;s top coin&#39;s market value sitting just above $108.5K. Be cautious while crowd FOMO is pouring in, as it can often lead to short-term corrections. &#x1f517; Link to keep tabs on <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> sentiment: <a href="https://t.co/NU755XSgel">https://t.co/NU755XSgel</a> <a href="https://t.co/cl8B0bsevy">pic.twitter.com/cl8B0bsevy</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1942601534224666849?ref_src=twsrc%5Etfw">July 8, 2025</a></blockquote>
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Widely followed technical analyst and trader Urkel said Bitcoin's path to $120,000-$130,000 will be smoother once it breaks above a "silly little wall" around $112,000.
"Just needs a big push," the analyst added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Once <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> breaks through this silly little wall, there&#39;s not much in the way of a move to $120,000-130,000 next. Just needs a big push. <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://t.co/XnlK5bzvi9">pic.twitter.com/XnlK5bzvi9</a>
&mdash; Urkel (@SteveUrkelDude) <a href="https://twitter.com/SteveUrkelDude/status/1942607886351536507?ref_src=twsrc%5Etfw">July 8, 2025</a></blockquote>
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Photo Courtesy: Miha Creative on Shutterstock.com
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/07/46298016/kulr-technologys-bitcoin-bet-deepens-with-coinbase-credit">KULR Technology&#8217;s Bitcoin Bet Deepens With Coinbase Credit</a></li>
</ul>

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Bitcoin, Ethereum, Dogecoin Recover Even As Trump Reiterates August Tariff Deadline: Analyst Sees Move To $120,000-$130,000 If BTC Breaks Above This 'Silly Wall'

ProKidney (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROK#NASDAQ">PROK</a>) Class A stock experienced a surge of 8.58% in its after-hours trading, continuing its climb of over 500% during regular trading on Tuesday.
What Happened: Following the release of positive results from its Phase 2 trial, the after-hours trading of ProKidney stock saw an increase of 8.58%, reaching $4.05 on Tuesday.&nbsp;
The stock, which closed at $3.73 on Tuesday, experienced a <a href="https://www.benzinga.com/markets/equities/25/07/46311256/prokidney-soundhound-ai-quantumscape-intel-and-nvidia-why-these-5-stocks-are-on-investors-radars-today">staggering 515% surge</a> during the day. The trading volume also saw an increase, with 39.8 million shares traded compared to the average volume of 1.12 million.
See Also: <a href="https://benzinga.com/crypto/25/07/46289348/bitcoin-stalls-but-riot-platforms-outperforms-with-14-spike-over-30-days-mining-stock-leaves-mara-and-mstr-trailing">Bitcoin Stalls, But Riot Platforms Outperforms With 14% Spike Over 30 Days — Mining Stock Leaves MARA And MSTR Trailing &#8211; Benzinga</a>
ProKidney, a company focused on chronic kidney disease, reported positive topline results from the Phase 2 REGEN-007 trial of Rilparencel in patients with CKD and diabetes, leading to a surge in trading volume and the subsequent increase in stock value.
Why It Matters: The recent surge in ProKidney stock value is a direct result of the company&#8217;s positive trial results. This development has not only caused an<a href="https://www.benzinga.com/news/health-care/25/07/46295164/why-is-penny-stock-prokidney-stock-trading-higher-on-tuesday"> increase in trading volume</a> but also elevated the stock&#8217;s value, making it noteworthy in the market.
Earlier in June, another company, Mineralys Therapeutics, also reported <a href="https://www.benzinga.com/news/health-care/25/06/45973605/mineralys-therapeutics-investigational-drug-shows-benefit-in-hypertensive-patients-with-chronic-kidney-disease-stock-jumps">positive trial results</a> for its investigational drug for CKD. These developments indicate a growing interest and potential in the CKD market.
Price Action: According to <a href="https://www.benzinga.com/quote/prok">Benzinga Pro</a> data, PROK soared over 500% to $3.73 on Tuesday, with an additional 8.58% gain after-hours, reaching $4.05.&nbsp;&nbsp;&nbsp;
According to Benzinga Edge Stock Rankings, ProKidney stock has Momentum in the 3rd 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-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="903" height="182" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08222951/Screenshot-2025-07-09-075047.png" alt="" class="wp-image-977415" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08222951/Screenshot-2025-07-09-075047.png 903w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08222951/Screenshot-2025-07-09-075047-300x60.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08222951/Screenshot-2025-07-09-075047-768x155.png 768w" sizes="(max-width: 903px) 100vw, 903px" /></a></figure>
Read Next: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46214331/cipher-mining-stock-is-up-over-6-in-wednesdays-pre-market-whats-going-on">Cipher Mining Stock Is Up Over 6% In Wednesday&#8217;s Pre-Market: What&#8217;s Going On? &#8211; Benzinga</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Melnikov Dmitriy on Shutterstock.com
Photo courtesy: <a href="http://shutterstock.com">Shutterstock.com</a>

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PROK

ProKidney Stock Shoots Up Over 8% After Hours After Staggering 515% Rally On Wednesday

Jeff Williams, Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) longtime chief operating officer and a key figure once rumored to be Tim Cook's <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/09/34524884/did-apples-wonderlust-event-confirm-clear-succession-plan-for-tim-cook-munster-thin">potential successor</a>, will retire later this year.
What Happened: On Tuesday, in a press release, Apple announced that Williams will transition COO duties to Sabih Khan later this month.
The outgoing COO joined Apple in 1998 and helped architect the company's health strategy and build the supply chain.
&#8220;Apple wouldn't be what it is without him,&#8221; said Tim Cook, adding, &#8220;He's helped to create one of the most respected global supply chains in the world; launched Apple Watch and overseen its development.&#8221;
See Also: <a href="https://www.benzinga.com/tech/25/05/45338324/apples-2027-vision-foldable-iphones-smart-glasses-and-ai-innovations">Apple&#8217;s 2027 Vision: Foldable iPhones, Smart Glasses, And AI Innovations</a>
The incoming COO, Khan, a 29-year Apple veteran who currently serves as SVP of operations, will report to Cook. Williams will remain at Apple temporarily to oversee the design team until retirement.
Price Action: AAPL shares inched up 0.072% in after-hours trading, after posting a 0.029% gain during regular hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings show that AAPL is trending upward in the short term but downward over the medium and long term. Its quality score remains strong, though its value rating is comparatively weaker. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">You can find more detailed performance data 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/2025/07/08221657/Screenshot-2025-07-09-at-7.44.42%E2%80%AFAM.png" alt="" class="wp-image-977397" /></a></figure>
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Photo Courtesy: Prathmesh T on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

Jeff Williams, Once Tipped As Tim Cook's Successor, To Retire From Apple

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder and executive chairman, Jeff Bezos, has continued his selling spree in the company, offloading a fresh tranche of $666 million this week.
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/AMZN" target="_blank" rel="noreferrer noopener">AMZN stock here.</a>
What Happened: According to a Form 4 filing submitted to the U.S. Securities and Exchange Commission on Tuesday, Bezos disposed of roughly 2.97 million shares in the e-commerce giant, across two transactions dated July 3 and July 7, at average prices of $223.73 and $223.92 per share, respectively.
The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted in March 2025, which is essentially designed to allow corporate insiders to sell shares at predetermined times and volumes, without raising concerns of insider trading.
See Also: <a href="https://www.benzinga.com/personal-finance/management/25/07/46225954/sold-his-soul-the-devil-is-smiling-rosie-odonnell-blasts-jeff-bezos-50-million-wedding-oprah-and-his-fake-fembot-wife-in-sca">&#8216;Sold His Soul… The Devil Is Smiling&#8217; — Rosie O&#8217;Donnell Blasts Jeff Bezos&#8217; $50 Million Wedding, Oprah, and His &#8216;Fake Fembot Wife&#8217; in Scathing Rant</a>
Following the transaction, Bezos still holds over 902 million shares in Amazon, or just under 10% of its total outstanding shares, worth $197 billion at current market prices.
This comes just weeks after Bezos tied the knot with long-time partner, Lauren Sánchez, in a star-studded <a href="https://www.benzinga.com/news/events/25/06/46136092/jeff-bezos-lauren-sanchez-wedding-draws-star-studded-guest-list-to-venice-here-are-the-celebs-who-showed-up-so-far">$50 million wedding</a> in Venice two weeks ago. 
Why It Matters: Over a week ago, Bezos <a href="https://www.benzinga.com/markets/large-cap/25/07/46212089/jeff-bezos-sells-737-million-worth-of-amazon-stock-just-days-after-lavish-venetian-wedding">sold another tranche</a> of the company&#8217;s shares, worth $737 million, as part of the same pre-arranged trading plan.
According to a 10-Q filing made in May, Bezos <a href="https://www.benzinga.com/news/insider-trades/25/05/45175915/jeff-bezos-to-unload-almost-5-billion-in-amazon-stock-filing">plans to sell shares</a> worth $5 billion in the company, through May of 2026, aimed at funding his space exploration company, Blue Origin, alongside other ventures and charitable organizations. 
Bezos&#8217; net worth currently stands at $240 billion, according <a href="https://www.bloomberg.com/billionaires/profiles/jeffrey-p-bezos/">to</a> the Bloomberg Billionaires Index, with his holdings in Amazon making up a significant chunk of it. The rest comes from his ownership of Blue Origin, which has been marked on a cost-of-investment basis.
Price Action: Shares of Amazon were down 1.84% on Tuesday, trading at $219.36, and are up 0.13% 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/2025/07/08215956/Screenshot-2025-07-09-at-7.29.40-AM-1024x148.png" alt="" class="wp-image-977373" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08215956/Screenshot-2025-07-09-at-7.29.40-AM-1024x148.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08215956/Screenshot-2025-07-09-at-7.29.40-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08215956/Screenshot-2025-07-09-at-7.29.40-AM-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08215956/Screenshot-2025-07-09-at-7.29.40-AM.png 1536w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, the stock scores well on Growth, ranked at the 96th percentile, and has a favorable 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: Lev Radin on Shutterstock.com
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Large Cap

Insider Trades

AMZN

Jeff Bezos Offloads Nearly $666 Million In Amazon Stock — Adds To Post-Wedding Sell-Off Streak

El Salvador President Nayib Bukele called Democrats &#8220;salty&#8221; on Tuesday, reacting to a proposed bill by party senators that calls for sanctions on the Central American nation.
What Happened: The&nbsp;El Salvador Accountability Act of 2025 was introduced last month by Senators&nbsp;Chris Van Hollen&nbsp;(D-Md.), Sen.&nbsp;Tim Kaine&nbsp;(D-Va.) and Alex Padilla&nbsp;(D-Calif.). 
The legislation&nbsp;seeks to impose property-blocking and visa sanctions on Bukele and other Salvadoran officials &#8220;who have engaged in international human rights violations or worked to deprive individuals residing in the U.S. of their rights under the U.S. Constitution. It also calls for opposing any financial assistance or loans to the El Salvador government.
The bill also sought to probe El Salvador&#8217;s Bitcoin policy, described as a &#8220;mechanism for gross corruption, graft, and sanctions evasion.&#8221;
Bukele laughed at the allegations, stating that Democrats &#8220;are just salty.&#8221;
<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">HAHAHAHAHAHAHA the Dems are just salty… <a href="https://t.co/O6CLtZuV46">https://t.co/O6CLtZuV46</a>
&mdash; Nayib Bukele (@nayibbukele) <a href="https://twitter.com/nayibbukele/status/1942699740636012982?ref_src=twsrc%5Etfw">July 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/07/46299634/ftx-bitcoin-recovery-might-be-one-in-a-million-most-people-never-get-lost-crypto-back">FTX Bitcoin Recovery Might Be One In A Million. Most People Never Get Lost Crypto Back</a>
Why It Matters: El Salvador&#8217;s commitment to Bitcoin has been steadfast, with the country deeming it an &#8220;important project&#8221; initiated by Bukele. 
El Salvador has doubled down on Bitcoin ever since adopting it as a legal tender in 2021. The country introduced a plan&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37763988/pro-bitcoin-president-nayib-bukele-says-el-salvador-will-purchase-btc-daily-until-king-cry" target="_blank" rel="noreferrer noopener">to buy one Bitcoin every day</a>, until it becomes unaffordable with fiat currencies. Its&nbsp;<a href="https://bitcoin.gob.sv/" target="_blank" rel="noreferrer noopener">stockpile</a>&nbsp;has risen to 6,232.18 BTC as of this writing, worth over $678 million at prevailing prices.
However, Bukele admitted last year that Bitcoin uptake in the country <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40644084/el-salvador-president-nayib-bukele-says-bitcoin-uptake-hasnt-been-a-resounding-success-we-">had not been as successful</a> as anticipated.
Price Action: At the time of writing, Bitcoin was exchanging hands at $108,803.25, up 0.55% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.&nbsp;
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Photo Courtesy: Joey Sussman on Shutterstock.com
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

Democrats Are 'Just Salty,' Says Nayib Bukele: El Salvador's President Laughs At Senate Bill Calling For Sanctions On His Bitcoin-Friendly Nation

Mark Zuckerberg-led Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has reportedly acquired a <a href="https://www.benzinga.com/24/07/39867045/metas-34-year-to-date-surge-and-a-5-stake-in-essilorluxottica-transform-ray-ban-smart-glasses-and-re">minority stake</a> in EssilorLuxottica (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ESLOF#OTC">ESLOF</a>).
What Happened: Meta has acquired nearly 3% of EssilorLuxottica, the French-Italian eyewear giant behind brands such as Ray-Ban and Oakley, <a href="https://www.bloomberg.com/news/articles/2025-07-08/meta-invests-3-5-billion-in-essilorluxottica-in-ai-glasses-push">reported</a> Bloomberg on Tuesday, citing people familiar with the matter.
The stake is worth approximately €3 billion ($3.52 billion) at current market prices and comes amid Meta's growing ambitions in the <a href="https://www.benzinga.com/25/01/43114842/meta-expands-ai-wearables-with-oakley-smart-glasses-camera-equipped-earbuds-in-development">wearable tech space</a>.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46301582/metas-ai-empire-grows-fueled-by-openai-deepmind-apple-defectors">Meta&#8217;s AI Empire Grows — Fueled By OpenAI, DeepMind, Apple Defectors</a>
As per the report, Meta could increase its stake to as much as 5% over time.
Meta did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Why It's Important: Last month, it was reported that Meta and EssilorLuxottica plan to <a href="https://www.benzinga.com/markets/large-cap/25/06/45987099/meta-teams-up-with-oakley-prada-for-next-gen-ai-smart-glasses">release new AI smart glasses</a> under the Oakley and Prada brands.
This comes after the popularity of the Ray-Ban Meta smart glasses, which launched in 2023 and have reportedly sold millions of units. In October 2024, it was reported that Ray-Ban and Meta's smart glasses have <a href="https://www.benzinga.com/news/24/10/41458752/metas-smart-glasses-dominate-ray-ban-stores-ai-features-still-missing">become the best-selling product</a> in 60% of Ray-Ban stores across Europe, the Middle East and Africa.
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.
Meanwhile, Meta rival Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reportedly has at <a href="https://www.benzinga.com/markets/tech/25/06/46161059/apple-has-the-potential-to-crush-metas-ray-ban-smart-glasses-says-ming-chi-kuo-but-the-tech-giant-has-been-surprisingly-slow">least seven headsets and smart glasses</a> in development. This includes Vision Pro M5 models, Vision Air, XR glasses and a display accessory, with some expected to launch starting in 2027.
Price Action: Meta shares rose 0.044% in after-hours trading, following a 0.32% gain during regular market hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga&#8217;s Edge Stock Rankings indicate that META shows a strong upward trend in the short, medium and long term. While its growth score remains high, its value rating is relatively lower. <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/2025/07/08213814/Screenshot-2025-07-09-at-7.06.22%E2%80%AFAM.png" alt="" class="wp-image-977355" /></a></figure>
Photo Courtesy: Skorzewiak on Shutterstock.com
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>.
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ESLOF

Mark Zuckerberg-Led Meta Acquires Nearly 3% Of Ray-Ban, Oakley Parent EssilorLuxottica In $3.5 Billion Deal: Report

U.S. major indices ended mixed on Tuesday, as the Dow Jones Industrial Average slipped nearly 0.4% to 44,240.76 and the S&amp;P 500 edged down 0.1% to 6,225.52, while the Nasdaq posted a slight gain of 0.03% to close at 20,418.46.
These are the top stocks that gained the attention of retail traders and investors throughout the day: ProKidney Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROK#NASDAQ">PROK</a>) closed the day with a significant gain of 515.00%, trading at $3.73. The stock hit an intraday high of $4.92 and a low of $1.02, with a 52-week range of $0.46 to $4.92. The stock jumped another 8.6% in after-hours trading. The surge in trading volume was due to the company&#8217;s <a href="https://www.benzinga.com/news/health-care/25/07/46295164/why-is-penny-stock-prokidney-stock-trading-higher-on-tuesday">announcement of positive topline results</a> from the Phase 2 REGEN-007 trial of rilparencel in patients with chronic kidney disease and diabetes.
SoundHound AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) saw its stock soar by 11.69%, closing at $12.71. The stock reached an intraday high of $13.42 and a low of $11.90, with a 52-week range of $3.94 to $24.98. Despite a year-to-date plunge of over 35% after Nvidia Corp&#8217;s exit from the company earlier this year, the <a href="https://www.benzinga.com/markets/tech/25/07/46303589/why-is-soundhound-stock-soaring-tuesday">stock experienced a rally</a>. 
QuantumScape Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>) jumped 16.69% to close at $8.18. The stock had an intraday high of $8.44 and a low of $6.65, with a 52-week range of $3.40 to $9.52. The stock&#8217;s upward momentum appears to be a <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46308440/quantumscape-qs-stock-jumps-15-on-massive-volume-whats-driving-the-rally">delayed reaction</a> to a key production announcement from late June.
Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares rose by 7.23%, closing at $23.59. The stock hit an intraday high of $23.78 and a low of $22.13, with a 52-week range of $17.66 to $37.16. Investors responded positively to the company's ongoing global restructuring efforts and a recent <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46307195/whats-going-on-with-intel-stock-today-2">price target hike from Citigroup</a>.
Nvidia Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) saw a modest gain of 1.11%, closing at $160. The stock reached an intraday high of $160.22 and a low of $158.39, with a 52-week range of $86.63 to $160.98. The company strengthened its partnership with OpenAI, which confirmed it has no plans to deploy Alphabet Inc.&#8217;s in-house artificial intelligence chips at scale.
Benzinga's Edge Stock Rankings indicate Intel checks out on Short and Medium Price Trends but falls short on the Long Price Trend. Here is how Nvidia compares on <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">these parameters</a>. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"></a>
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Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Photo Courtesy: Who is Danny on Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

INTC

NVDA

SOUN

Prokidney, Soundhound AI, Quantumscape, Intel, And Nvidia: Why These 5 Stocks Are On Investors' Radars Today

"Wishing for the 1950s past is a bad mistake," warned LinkedIn co-founder Reid Hoffman in a May 14 <a href="https://www.possible.fm/podcast/">&nbsp;"Possible" podcast</a>, where he and co-host Aria Finger argued that artificial intelligence examiners will overhaul higher-education assessments.&nbsp;
The veteran investor said professors clinging to decades-old curricula risk irrelevance as AI tools powered by dynamic questioning enter lecture halls, pushing universities toward tougher, real-time oral exams.
<h2 class="wp-block-heading">AI Forces A Faster Study Sprint</h2>
Generative AI has already vaulted into student toolkits. A <a href="https://www.hepi.ac.uk/2025/02/26/student-generative-ai-survey-2025/">survey</a> published in February by the<a href="https://www.hepi.ac.uk/2025/02/26/student-generative-ai-survey-2025/"> Higher Education Policy Institute</a> and digital publisher Kortext found 92% of U.K. undergraduates use such tools—up from 66% a year earlier—while 88% have inserted AI-generated text directly into assignments.
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"I could spend 30 hours writing an essay, or I could spend 90 minutes with my ChatGPT, Claude, Pi—whatever—prompting and generating something for that," Hoffman said, arguing that such shortcuts undermine the "whole point" of college: learning. He predicted AI-enabled tools will continue to spread until professors embed the technology into assessments rather than try to ban it.
Colleges are already adjusting. Academic integrity firm<a href="https://guides.turnitin.com/hc/en-us/articles/28294949544717-AI-writing-detection-model"> Turnitin</a> revised its AI-writing detector to hide scores below 20% to curb false positives and focus faculty on serious violations.
A March <a href="https://cssl.osu.edu/documents/2025-student-life-survey-generative-ai-tagged.pdf">survey</a> at Ohio State University that explored how students use generative AI found that 73% of undergraduates use generative AI into weekly study routines. "You can't ignore the new tool," Hoffman said, adding that an AI examiner able to ask follow-up questions "will be harder to fake than the pre-AI times."
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
<h2 class="wp-block-heading">Why Hoffman Backs AI-Oral Exams</h2>
Enforcement still lags. In early April, the <a href="https://www.thetimes.co.uk/article/ai-cheats-slip-under-radar-as-few-university-students-penalised-56kpcv6pp">Times of London</a> reported that fewer than 1 in 400 Russell Group students faced discipline for AI cheating last year despite 90% admitting tool usage, underscoring the gap Hoffman expects AI-proctored orals to close.
Because oral questioning demands mastery across "the whole zoom" of a course, Hoffman urged departments to convert some multiple-choice finals into viva-voce sessions overseen by large-language models.&nbsp;
<h2 class="wp-block-heading">Pilot Programs Show What's Coming Next</h2>
Pilots are underway. In January, <a href="https://ai.asu.edu/openAI">Arizona State University and OpenAI</a> launched a campus-wide challenge inviting faculty to embed ChatGPT Enterprise into lessons. Meanwhile, Georgia Tech's <a href="https://iac.gatech.edu/news/item/676992/school-modern-languages-pilots-assistant-language-instruction-created-alum">language-instruction pilot </a>using the Spirant Assistant has been discontinued. According to Britta Kallin, associate professor and German program director at Georgia Tech, the program was halted because the computer scientist overseeing Spirant AI determined it was too costly to maintain and develop.
Hoffman closed the episode by reminding educators their mission remains to prepare graduates to thrive alongside intelligent agents. "The most central thing is preparing students to be capable, healthy, happy participants in the new world," he said.&nbsp;
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Image: Shutterstock

'Wishing For The 1950s Past Is A Bad Mistake' — LinkedIn Co-Founder Reid Hoffman Says AI Will Disrupt Professors Who Refuse To Evolve

The much-awaited preliminary report on the devastating Air India crash, involving a Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) airplane, in June, which claimed 260 lives, is expected to be released by the end of this week.
What Happened: The report, potentially illuminating the circumstances surrounding the most deadly aviation disaster of the past ten years, is being compiled by Indian investigators. However, the exact release date and the extent of information it will contain are yet to be confirmed, Reuters reported on Tuesday.
The Boeing 787 Dreamliner, bound for London, crashed shortly after departing from Ahmedabad, resulting in the death of all but one of the 242 passengers and 19 individuals on the ground.
The investigation into the crash of Air India flight 171 is primarily centered around&nbsp;the engine fuel control switches,&nbsp;following an examination of the Boeing 787&#8217;s flight and voice data recorders. Anonymous sources have stated that the black box data does not definitively determine whether the crash was caused by incorrect, accidental, or deliberate actions.
The Aircraft Accident Investigation Bureau of India, which is leading the investigation in accordance with international rules, has not yet responded to requests for comment. The investigation has been characterized by a scarcity of information, with only one press conference held by the Indian government, where no questions were allowed.
The crash has significantly impacted the Tata Group&#8217;s attempts to rehabilitate Air India&#8217;s image and overhaul its fleet after purchasing the airline&nbsp;from the government in 2022.&nbsp;The incident has also heightened safety concerns within India&#8217;s civil aviation sector, which is relying on a surge in aviation to support broader development objectives.
See Also: <a href="https://benzinga.com/news/24/09/40956691/spacex-ceo-elon-musk-rains-criticism-at-wrong-person-in-his-ongoing-tirade-against-faa" target="_blank" rel="noreferrer noopener">SpaceX CEO Elon Musk Rains Criticism At Wrong Person In His Ongoing Tirade Against FAA </a>
Why It Matters: The crash of the Boeing 787 Dreamliner in June was a <a href="https://www.benzinga.com/markets/equities/25/06/45899174/boeing-dreamliner-carrying-over-200-passengers-crashes-shortly-after-takeoff-near-indias-ahmedabad-ba-stock-falls-over-5-in-thursday-pre-market">significant blow</a> to India&#8217;s aviation industry. The <a href="https://www.benzinga.com/news/events/25/06/46131852/boeing-787-dreamliner-black-box-recovered-data-under-scrutiny-to-provide-insights-into-fatal-air-india-crash">recovery of the black box data</a> was a crucial step in the investigation, providing potential insights into the cause of the disaster. 
However, the investigation faced controversy when <a href="https://www.benzinga.com/news/politics/25/06/46133937/boeing-787-dreamliner-crash-india-shuts-door-on-un-aviation-expert-probing-plane-accident">India denied a UN Aviation investigator</a> the opportunity to join the probe. 
The outcome of this report could have far-reaching implications for the future of India&#8217;s aviation industry and the reputation of Boeing.
Price Action: On Tuesday, Boeing stock closed 0.05% lower at $218.52 and was largely unchanged in the after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro.</a>
Benzinga's Edge Stock Rankings show Boeing checks out on Short, Medium and Long Price Trends. Here is how the stock <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">ranks on other parameters.</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="438" height="280" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08202506/Screenshot-2025-07-09-at-9.24.51.png" alt="" class="wp-image-977299" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08202506/Screenshot-2025-07-09-at-9.24.51.png 438w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08202506/Screenshot-2025-07-09-at-9.24.51-300x192.png 300w" sizes="(max-width: 438px) 100vw, 438px" /></a></figure>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Air India Boeing 787 Dreamliner Crash Report Expected On Friday As Investigation Centers On Engine Fuel Control Switches: Report

Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) predicted Air Jordan would make only $3 million in sales over its first three to four years. Instead, the line <a href="https://www.inc.com/jeff-haden/how-much-has-michael-jordan-been-paid-for-his-nike-jordan-brand-partnership-not-nearly-enough.html">brought in about $126 million</a> in its first year. That breakout success vaulted NBA great Michael Jordan into retail legend and reshaped Nike's future.
Jordan Brand now earns billions yearly, keeping the Jumpman logo central to modern sneaker culture. That journey started with one risky contract and a shoe the NBA tried to ban.
<h2 class="wp-block-heading">Rookie Deal Reshapes Sneakers</h2>
In October 1984, after meeting at Nike's headquarters in Beaverton, Oregon, <a href="https://www.espn.com/blog/playbook/dollars/post/_/id/2918/how-nike-landed-michael-jordan?">Nike signed</a> Jordan to a five-year endorsement deal worth $500,000 annually.
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<li>$100k+ in investable assets? <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes</a> – no cost, no obligation.</li>
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"Nike&#8217;s expectation was at the end of year four they hoped to sell $3 million of Air Jordans," agent David Falk said in <a href="https://www.cbssports.com/nba/news/the-last-dance-story-behind-michael-jordan-nearly-choosing-adidas-over-nike-explained-in-doc/">ESPN's documentary</a>, "The Last Dance." Jordan had favored Adidas, yet his mother, Deloris, persuaded him to hear Nike's pitch.
The contract included a signature shoe, unheard of for a rookie, plus stock options and royalties on every pair sold. Nike backed the launch with posters, television spots, and campus tours that cast the 21-year-old guard as both hero and rebel. By season's end, Air Jordan revenue hit $126 million, smashing every forecast and proving a player could anchor an entire product family.
<h2 class="wp-block-heading">Banned Shoe Fuels Buzz</h2>
"The NBA threw them out of the game. Fortunately, the NBA can't keep you from wearing them," teased a <a href="https://www.youtube.com/watch?v=f5QbV-wnhtY">Nike ad</a> after the league cited uniform rules and fined Jordan $5,000 each game for wearing the red-and-black Air Jordan 1, which debuted on April 1, 1985.
Trending: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. <a href="https://www.benzinga.com/money/masterworks">See which asset class has outpaced the S&amp;P 500 (1995-2024) – and with near-zero correlation.</a>
The controversy sparked demand. <a href="https://www.espn.com/espn/sportsbusiness/news/story?id=1920101">Retailers moved</a> 450,000 pairs within a month at $65 each, ESPN added. Rappers, playground players, and director Spike Lee amplified the buzz, making the sneakers status symbols beyond sport.&nbsp;
Analysts later called the launch the first modern "drop," where scarcity and story fuel instant sell-outs. That momentum helped Nike secure future athlete lines, from Charles Barkley in 1992 to LeBron James in 2003, each modeled on Jordan's template.
<h2 class="wp-block-heading">Jumpman Revenue Soars</h2>
Jordan Brand became a standalone Nike division in 1997 and still powers earnings today. For the quarter that ended May. 31, Nike <a href="https://investors.nike.com/investors/news-events-and-reports/investor-news/investor-news-details/2025/NIKE-Inc--Reports-Fiscal-2025-Fourth-Quarter-and-Full-Year-Results/default.aspx">posted </a>$11.1 billion in revenue. Jordan Brand recorded $7.27 for the full fiscal year, following a 16% year-over-year decline.&nbsp;
<a href="https://www.forbes.com/sites/justinbirnbaum/2023/10/02/michael-jordan-joins-forbes-400-worth-3-billion/">Forbes</a> reported Jordan's net worth at about $3 billion, driven by royalties exceeding $150 million a year. Hype stays sharp.<a href="https://sneakernews.com/2025/04/23/travis-scott-jordan-jumpman-jack-bright-cactus-fz8117-102-release-date/"> Sneaker News</a> reported the Travis Scott x Jordan Jumpman Jack "Bright Cactus" sold out on April 30 at $200.<a href="https://www.gq.com/story/air-jordan-1-low-chicago-2025-release"> GQ</a> wrote that the Air Jordan 1 Low "Chicago" returns this holiday season for $140.&nbsp;
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Image: Shutterstock

Nike Expected $3 Million In Sales — Air Jordan Made $126 Million In Year One And Became A Global Icon

Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) has outperformed the market over the past 15 years by 1.59% on an annualized basis producing an average annual return of 13.83%. Currently, Canadian Pacific Kansas has a market capitalization of $75.36 billion. 
Buying $100 In CP: If an investor had bought $100 of CP stock 15 years ago, it would be worth $706.37 today based on a price of $80.71 for CP at the time of writing.
<h3>Canadian Pacific Kansas's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752018312_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Canadian Pacific Kansas 15 Years Ago Would Be Worth This Much Today

WIIM

COGT

COGT stock has given up its prior loss. Cogent Biosciences shares were trading lower after the company announced a proposed $150 million public offering of common stock.

Honeywell Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) has outperformed the market over the past 20 years by 1.7% on an annualized basis producing an average annual return of 10.13%. Currently, Honeywell Intl has a market capitalization of $155.64 billion. 
Buying $1000 In HON: If an investor had bought $1000 of HON stock 20 years ago, it would be worth $6,880.36 today based on a price of $241.95 for HON at the time of writing.
<h3>Honeywell Intl's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752017414_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Honeywell Intl 20 Years Ago Would Be Worth This Much Today

Murphy USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUSA#NYSE">MUSA</a>) has outperformed the market over the past 5 years by 15.12% on an annualized basis producing an average annual return of 29.65%. Currently, Murphy USA has a market capitalization of $8.18 billion. 
Buying $1000 In MUSA: If an investor had bought $1000 of MUSA stock 5 years ago, it would be worth $3,603.84 today based on a price of $413.36 for MUSA at the time of writing.
<h3>Murphy USA's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752016511_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MUSA

Here's How Much You Would Have Made Owning Murphy USA Stock In The Last 5 Years

Kevin &#8220;Mr. Wonderful&#8221; O&#8217;Leary, never one to back down from a challenge, finds himself in the thick of one of the most complex international business sagas in recent memory: the potential sale of TikTok&#8216;s <a href="https://www.benzinga.com/markets/tech/25/07/46267944/tiktok-to-roll-out-new-us-app-as-trump-says-we-pretty-much-have-a-deal-report">U.S. operations.&nbsp;</a>
The outspoken investor has publicly declared his intent to lead a syndicate to acquire the popular app, but as he laid out in a social media post on Monday, the path to a deal is a minefield of geopolitical and technical challenges.
Read Next: <a href="https://www.benzinga.com/news/politics/25/07/46308025/get-ready-for-800-hours-of-blackouts-trumps-doe-warns?utm_source=articleShare">Get Ready For 800 Hours Of Blackouts, Trump&#8217;s DOE Warns</a>&nbsp;
The Details: O'Leary wrote in the post that the heart of the issue is the lack of a willing seller as any potential deal <a href="https://www.benzinga.com/news/social-media/25/07/46265991/donald-trump-announces-upcoming-talks-with-china-on-tiktok-we-pretty-much-have-a-deal">requires the approval </a>of both President Donald Trump and Chinese President Xi Jinping.&nbsp;
"We don&#8217;t have a seller yet. However the syndicate ends up, we don&#8217;t know. This is a complicated deal. Two factors to consider: Number one, we need Xi and Trump to agree they&#8217;re gonna be a buyer and a seller. That&#8217;s number one," O'Leary wrote.&nbsp;
<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">We don&#39;t have a seller yet. However the syndicate ends up, we don&#39;t know. This is a complicated deal. Two factors to consider: Number one, we need Xi and Trump to agree they&#39;re gonna be a buyer and a seller. That&#39;s number one. Number two, we need to figure out a way to take care… <a href="https://t.co/cpQEQHvo66">pic.twitter.com/cpQEQHvo66</a>
&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href="https://twitter.com/kevinolearytv/status/1942277484541812957?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The second major obstacle is TikTok's algorithm itself, the investor said.&nbsp;
"Number two, we need to figure out a way to take care of Sen. Cotton&#8217;s concerns around the algorithm and many others who are not going to give an indemnification for using the original algorithm. We have to solve for that too," O'Leary wrote. 
U.S. Sen. Tom Cotton (R-Ark.) and other legislators have raised national security concerns, insisting that any sale must guarantee a complete separation from Chinese technology and influence. They fear the algorithm could be used for data harvesting or to push foreign propaganda to its 170 million American users. 
Despite these roadblocks, O&#8217;Leary remains characteristically confident.&nbsp;
&#8220;My bet, not to sound arrogant, is I will be there at the table at the end,&#8221; he wrote in the post.&nbsp;
The world will watch to see if Mr. Wonderful can navigate the intricate web of politics and technology to pull off this &#8220;legacy opportunity&#8221; deal.&nbsp;
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Photo: Shutterstock

Social Media

General

Kevin O'Leary Torpedoes Trump's TikTok Deal Claim: 'We Don't Have A Seller'

If building wealth feels impossible, you're not alone — especially when you're just getting started. But according to late billionaire investor Charlie Munger, the key to getting rich isn't chasing millions or betting big on the next hot stock. It starts with a single, stubborn goal: get your hands on $100,000.
"I don't care what you have to do," Munger said back in the late 1990s. "If it means walking everywhere and not eating anything that wasn't purchased with a coupon, find a way to get your hands on $100,000."
He admitted that it's a brutal milestone. "The first $100,000 is a b&#x2A;tch, but you gotta do it," he said.
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To be clear, Munger wasn't talking about letting it sit in a checking account. He meant invested — put to work, compounding over time. Once you cross that threshold, he argued, wealth starts to build on itself. You don't need to hustle harder—you just need to be consistent, stay invested, and let the math do the heavy lifting.
And he wasn't wrong.
For someone earning an average income and managing to invest $10,000 per year, it could take close to eight years to hit that six-figure target if they're earning around 7% annually—roughly in line with long-term stock market returns. But after that, something shifts. With $100,000 invested and compounding, earning just 7% per year could turn into $200,000 in just over 10 years. Stay the course, and it could snowball to more than $1.4 million in 40 years.
That's the power Munger was talking about. Not magic. Just compound interest—amplified by time, discipline, and not losing your nerve.
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It's also psychological. Many <a href="https://youtu.be/U1mcmB4oQU0?si=sPi-By0iu3o5DoQg">financial experts agree the $100K mark</a> is not just the hardest financially, but mentally. It's the point where habits are formed, consistency gets tested, and lifestyle choices often have to be reconsidered. Hitting that first benchmark means cutting back, avoiding shortcuts, and often working harder for longer than feels fair. And that's exactly why Munger emphasized it.
The challenge is even steeper today. <a href="https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=100,000.00&amp;year1=199801&amp;year2=202505">Adjusted for inflation</a>, $100,000 in the late '90s would be closer to $190,000 today. But the principle still holds. Getting to your first six figures is a financial boot camp—one that trains you for everything that follows.
Munger didn't just toss out this advice casually. He lived it. Alongside Warren Buffett, he built one of the most successful investing empires in American history—by focusing on fundamentals, patience, and math over hype and shortcuts.
So is Munger right? Absolutely. Whether it takes five years or fifteen, getting that first $100,000 invested is still the hardest — and most important — step to building real wealth. The rest may not be easy, but it's a lot smoother once the compounding kicks in.
See Also: <a href="https://www.benzinga.com/money/mark-cubans-advice-for-lotto-winners">Many are surprised by Mark Cuban's advice for lotto winners: Cash or annuity?</a>
And as Munger said, no matter how hard it is: "You gotta do it."
For those still trying to hit that milestone, there are a few consistent patterns seen among people who make it happen. While everyone's situation is different, some tend to build toward that first $100,000 through a mix of high savings rates, side income, or long-term investing in low-fee index funds that have historically mirrored the S&amp;P 500's average return of around 7% annually. Others explore <a href="https://www.benzinga.com/personal-finance/25/02/43887869/80-year-old-with-250000-nest-egg-asks-dave-ramsey-where-to-keep-it-safe-he-suggests-this-investment-for-peace-but-it-doesnt-pay-much">interest-bearing accounts like CDs</a>, which at times have offered yields between 4% and 5%, though they lack the compounding growth potential of equities over longer time horizons.
Munger himself famously said the Munger <a href="https://www.benzinga.com/personal-finance/management/25/06/45984919/charlie-munger-only-owned-3-stocks-and-called-diversification-a-strategy-for-people-who-know-nothing-am-i-securely-rich-damn-right-i-am">family only held about three stocks</a>—emphasizing concentration, not chasing dozens of investments. His philosophy was less about outsmarting the market and more about sticking to what you understand and holding firm.
In the end, whether it's slow, boring, or brutally hard, the <a href="https://www.benzinga.com/personal-finance/25/02/43539942/are-you-rich-heres-what-americans-think-you-need-to-be-considered-wealthy-2">$100,000 goal isn't just about the number</a>—it's about proving you can do hard things consistently. And once that's done, as Munger promised, it gets better.
Read Next: Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O&#8217;Reilly and Rudy Giuliani are using this platform to <a href="https://www.benzinga.com/money/american-hartford-gold">create customized gold IRAs to help shield their savings from inflation and economic turbulence.&nbsp;</a>
Image: Shutterstock

Charlie Munger Said If You Want To Get Rich, The Secret Is To 'Get Your Hands On $100,000' —It's The Hardest Milestone, But 'You Gotta Do It'

American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) has outperformed the market over the past 20 years by 3.93% on an annualized basis producing an average annual return of 12.36%. Currently, American Tower has a market capitalization of $103.32 billion. 
Buying $100 In AMT: If an investor had bought $100 of AMT stock 20 years ago, it would be worth $1,030.35 today based on a price of $220.70 for AMT at the time of writing.
<h3>American Tower's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752015618_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning American Tower Stock In The Last 20 Years

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ONEW

Advance Auto Parts

Asbury Automotive Group

AutoNation

ARKO

Autozi Internet Technology (Global) Ltd. - Class A Ordinary Shares

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Cango Inc. American Depositary Shares, each representing two (2) Class A Ordinary Shares

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OneWater Marine

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Ultime notizie per OneWater Marine (NASDAQ:ONEW) Azioni

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BENZINGA NEL MONDO