Ultime notizie per Outfront Media (NYSE:OUT) Azioni

Outfront Media

Outfront Media Inc is a real estate investment trust involved in the ownership of advertising space on its portfolio of billboards and transit displays. The Company generates revenue in the form of rental income by allowing other companies to advertise on its properties and structures under short-term contracts. Outfront Media segments its operations into the United States and International units. Although it also owns assets in Canada and Latin America, the company derives the vast majority of its revenue from billboard advertising agreements in the U.S. Roughly half of the U.S. division's revenue comes from its displays in the New York City and Los Angeles markets. Outfront Media's customers include entities within the retail, television, healthcare, and entertainment industries.

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U.S. stock futures were slightly higher on Thursday after a mixed close on Wednesday. Futures of major benchmark indices were trading higher.
The stocks were higher following President Donald Trump&#8216;s announcement of a <a href="https://www.benzinga.com/news/politics/25/07/46239985/peter-schiff-warns-americans-will-suffer-and-vietnamese-will-enjoy-after-trumps-trade-deal-with-hanoi">deal with Vietnam</a> on Thursday in A Truth Social post.
The Nasdaq and New York Stock Exchange will close at 1 p.m. ET on Thursday and stay closed all day Friday. The U.S. bond market will also have an early close at 2 p.m. ET on July 3rd and remain closed on July 4th.
The 10-year Treasury bond yielded 4.25% and the two-year bond was at 3.76%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 74.7% likelihood of the Federal Reserve keeping the current interest rates unchanged in its July meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.02%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.02%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.07%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.48%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were slightly higher in premarket on Thursday. The SPY was up 0.12% at $621.17, while the QQQ advanced 0.17% to $551.72, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Materials, information technology, and energy stocks led the gains on Wednesday, driving U.S. stocks mostly higher and pushing the S&amp;P 500 to a record high, buoyed by President Donald Trump&#8217;s announcement of a new trade agreement with Vietnam.
Conversely, health care and utilities stocks bucked the trend, finishing the session lower.
On the economic front, the ADP National Employment Report revealed a contraction of 33,000 jobs in the private sector for June 2025, marking the first monthly decline since March 2023.
In corporate news, The Greenbrier Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) shares surged 21% on Wednesday following the release of their stronger-than-expected third-quarter results.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.94%</td>
<td>20,393.13</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.47%</td>
<td>6,227.42</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.024%</td>
<td>44,484.42</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.31%</td>
<td>2,226.38</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Ryan Detrick from Carson Research highlighted &#8220;another bullish sign&#8221; in a recent X post. He pointed out that the S&amp;P 500 index saw a golden cross on Wednesday, July 2.
&#8220;This happens when the faster 50-day MA moves above the slower 200-day MA,&#8221; he explained.
Detrick added that &#8220;All things considered, this is yet another reason to expect better than average returns going forward.&#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">Yesterday saw a Golden Cross for the S&amp;P 500. This happens when the faster 50-day MA moves above the slower 200-day MA. All things considered, this is yet another reason to expect better than average returns going forward. <a href="https://t.co/8BwArsug7P">pic.twitter.com/8BwArsug7P</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1940536802605256720?ref_src=twsrc%5Etfw">July 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
However, the senior global strategist at Wells Fargo, Scott Wren, said that &#8220;Our feel is that stocks are ahead of themselves, and we are looking to trim positions in overvalued markets and sectors.&#8221;
Wren explained that most market strategists don't want to see the kind of market volatility the S&amp;P 500 Index has experienced over the past four months.
&#8220;But just when a bit of panic set into the minds of some investors, stocks turned seemingly on a dime and in less than three months gained back all that was lost and then some, setting a new record high to close out last week's trading.&#8221;
He also reiterated that Wells Fargo believes the Wall Street consensus is overly optimistic on the tariff outlook and thus the growth rate in calendar-year 2025.
&#8220;Investors could choose to hold those funds or reinvest in sectors more favorable in our work, which include Technology, Financials, Energy, Utilities, and Communications Services. But stocks are not cheap, and investors might also choose to hold those funds to reinvest if the downside volatility we expect develops,&#8221; he added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a> 
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Thursday and Friday:
<ul class="wp-block-list">
<li>Initial jobless claims data for the week ended June 28, along with June&#8217;s employment, unemployment, hourly wages, and May&#8217;s trade deficit data, will all be out by 8:30 a.m. ET.</li>
<li>June&#8217;s S&amp;P final U.S. services PMI will be released by 9:45 a.m., whereas ISM services data and May&#8217;s factory orders data will be out by 10:00 a.m. ET.</li>
<li>Markets will be closed on Friday, July 4, for Independence Day.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Franklin Covey Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FC#NYSE">FC</a>) dropped 7.82% after reporting downbeat results for the third quarter and lowering its FY2025 sales guidance after the closing bell on Wednesday.</li>
<li>Xponential Fitness Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPOF#NYSE">XPOF</a>) surged 18.63% after the company disclosed in a Form 8 filing that the SEC concluded its investigation without action.</li>
<li>Banzai International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) declined 3.96% after announcing a 1-for-10 reverse stock split.</li>
<li>FIEE Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MINM#NASDAQ">MINM</a>) zoomed 47.94% after entering into an asset purchase agreement with Suzhou Yixuntong to acquire intellectual property and fixed assets for $1.4 million.</li>
<li>National Beverage Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIZZ#NASDAQ">FIZZ</a>) was 0.16% lower after posting in-line earnings for its fourth quarter, while sales topped estimates.</li>
<li>Global Interactive Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GITS#NASDAQ">GITS</a>) skyrocketed 223.31% after it detailed events like CEO ousting, other leadership changes, a strategic divestiture, and unusual stock volatility in a recent filing.</li>
<li>Mira Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRA#NASDAQ">MIRA</a>) advanced by 33.87% after the announcement of Mira-55, a synthetic analog of marijuana, providing pain relief comparable to morphine.</li>
<li>Theratechnologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THTX#NASDAQ">THTX</a>) gained 32.20% after entering into a definitive agreement to be acquired by CB Biotechnology, an affiliate of Future Pak, in a deal valued at up to $254 million.</li>
<li>Xponential Fitness Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPOF#NYSE">XPOF</a>) climbed 20.24% after the U.S. Securities and Exchange Commission concluded its investigation without any action.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 0.92% to hover around $66.83 per barrel.
Gold Spot US Dollar fell 0.13% to hover around $3,352.75 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.03% at the 96.8050 level.
Asian markets ended on a mixed note on Thursday, as India's S&amp;P BSE Sensex, Hong Kong's Hang Seng, and Australia's ASX 200 indices fell. While South Korea's Kospi, Japan's Nikkei 225, and China&#8217;s CSI 300 indices rose. European markets were mixed in early trade.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/07/46239376/nvidia-intel-broadcom-micron-amd-and-other-chipmakers-stand-to-benefit-as-trumps-tax-bill-increases-incentives-to-make-semiconductors-in-us">Nvidia, Intel, Broadcom, Micron, AMD And Other Chipmakers Stand To Benefit As Trump&#8217;s Tax Bill Increases Incentives To Make Semiconductors In US</a></li>
</ul>
Photo courtesy: Shutterstock

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US Stocks Likely To Open Higher As Trump Announces Vietnam Trade Deal: S&P 500's Golden Cross 'Reason To Expect Better Than Average Returns,' Says Expert

Shares of Datadog Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) rose sharply in pre-market trading followed the company's <a href="https://www.benzinga.com/markets/equities/25/07/46238464/datadog-stock-surges-11-after-hours-after-making-sp-500-debut">announcement of its inclusion in the S&amp;P 500 index.</a>
S&amp;P Dow Jones announced on July 2, 2025, Datadog is set to join the S&amp;P 500.Datadog will officially replace Juniper Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>), acquired by Hewlett-Packard Enterprise (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>), in the index. This change will be effective before the market opens on July 9, 2025.
Datadog shares surged 10.6% to $149.24 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>Global Interactive Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GITS#NASDAQ">GITS</a>) surged 217.7% to $5.18 in pre-market trading after gaining over 16% on Wednesday.</li>
<li>FiEE, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MINM#NASDAQ">MINM</a>) gained 38.2% to $3.69 in pre-market trading after the company entered into an asset purchase agreement with Suzhou Yixuntong to acquire intellectual property and fixed assets for $1.4 million.</li>
<li>Theratechnologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THTX#NASDAQ">THTX</a>) climbed 32.2% to $3.12 in pre-market trading after the company agreed to be acquired by CB Biotechnology for $3.01 per share plus contingent value right.</li>
<li>MIRA Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRA#NASDAQ">MIRA</a>) rose 30.7% to $1.62 in pre-market trading. After the announcement of Mira-55, a synthetic analog of marijuana, providing pain relief comparable to morphine, the stock value of MIRA Pharmaceutical exploded, signaling an aggressive investor buying.</li>
<li>reAlpha Tech Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) jumped 26.9% to $0.41 in pre-market trading after the company announced the launch of its AI-powered loan officer assistant.</li>
<li>Aebi Schmidt Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEBI#NASDAQ">AEBI</a>) gained 26.6% to $14.15 in pre-market trading after dipping over 86% on Wednesday.</li>
<li>Xponential Fitness Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPOF#NYSE">XPOF</a>) gained 20.6% to $9.00 in pre-market trading after the company disclosed in a Form 8 filing that the SEC concluded its investigation without action.</li>
<li>Bitfarms Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BITF#NASDAQ">BITF</a>) gained 10% to $1.11 in pre-market trading after jumping around 20% on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>Fly-E Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYE#NASDAQ">FLYE</a>) shares tumbled 25.8% to $0.58 in pre-market trading. Fly-E Group shares fell around 20% on Wednesday after the company announced a 1-for-5 reverse stock split.</li>
<li>Gibo Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIBO#NASDAQ">GIBO</a>) fell 25% to $0.089 in pre-market trading after gaining around 9% on Wednesday.</li>
<li>Inovio Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INO#NASDAQ">INO</a>) dipped 23.4% to $1.64 in pre-market trading after the company announced a proposed public offering.</li>
<li>Sonnet BioTherapeutics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONN#NASDAQ">SONN</a>) dipped 15.5% to $3.50 in pre-market trading after gaining 243% on Wednesday.</li>
<li>La Rosa Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRHC#NASDAQ">LRHC</a>) declined 14% to $0.069 in pre-market trading. La Rosa Holdings shares dipped 37% on Wednesday after the company announced an 80-for-1 reverse stock split effective July 7.</li>
<li>Nuwellis Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUWE#NASDAQ">NUWE</a>) fell 12.6% to $0.19 in pre-market trading following a 5% decline on Wednesday.</li>
<li>BioNexus Gene Lab Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGLC#NASDAQ">BGLC</a>) fell 11.4% to $6.04 in pre-market trading after dipping over 38% on Wednesday.</li>
<li>Mogo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOGO#NASDAQ">MOGO</a>) declined 11% to $2.29 in pre-market trading. Mogo shares jumped 112% on Wednesday after the company announced a $50 million bitcoin treasury authorization.</li>
<li>Noah Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOAH#NYSE">NOAH</a>) shares fell 7.3% to $11.69 in pre-market trading.</li>
<li>Borr Drilling Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BORR#NYSE">BORR</a>) fell 4.7% to $2.01 in pre-market trading after the company announced a $100 million offering of approximately 50 million shares.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46218519/jim-cramer-gives-utilities-stock-a-week-says-doge-not-done-clobbering-booz-allen">Jim Cramer Gives Utilities Stock &#8216;A Week,&#8217; Says DOGE &#8216;Not Done Clobbering&#8217; Booz Allen</a> </li>
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Photo via Shutterstock

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Why Datadog Shares Are Trading Higher By Over 10%; Here Are 20 Stocks Moving Premarket

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has reportedly halted production of its Optimus line of humanoid robots.
What Happened: Tesla has halted purchases of raw materials as it redesigns the hardware and software of its Optimus robot, according to sources in the company's Chinese supply chain, Chinese media outlet LatePost reported <a href="https://www.latepost.com/news/dj_detail?id=3060">on</a> Wednesday (Translated from Chinese).
The report suggests that Tesla had purchased enough materials to produce 1,200 robots and produced over 1,000 units, much lower than Elon Musk's target of 5,000.
Tesla did not immediately respond to<a href="http://pro.benzinga.com/dashboard"> Benzinga's</a> request for comment.
The halt comes as Tesla reportedly told the suppliers the company would need at least two months to determine the production and purchase plan as it determines the redesigns to Optimus, the Chinese supply chain sources said.
The redesigns come as Ashok Elluswamy took over the reins of the Optimus line, the report said. Currently, according to the sources, the Optimus robots carrying batteries in the battery workshop are proving to be less efficient than the workers.
Tesla told the suppliers that some of the joint motors overheat and the battery life is relatively short, the report said, as Tesla provided feedback to its suppliers.
Why It Matters: The report comes even as Wedbush Securities' Dan Ives reiterated Tesla's lead in <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">the robotics segment</a>. Ives said that the sector has a chance to be bigger than the company's autonomous driving tech due to its scale.
Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang had earlier said that the Optimus robot could be the <a href="https://www.benzinga.com/media/25/05/45664231/teslas-optimus-may-be-the-first-humanoid-robot-to-achieve-high-volume-and-tech-scale-says-nvidia-ceo-jensen-huang-likely-to-be-the-next-multi-trillion-dollar-industry">first humanoid robot</a> to achieve the tech scale and high volume needed to further the robotics sector. &#8220;I think this is likely to be the next multi-trillion-dollar industry,&#8221; Huang said. 
However, Palantir Technologies Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) Peter Thiel says Musk's vision of <a href="https://www.benzinga.com/markets/tech/25/07/46188592/peter-thiel-says-elon-musk-vision-of-a-billion-humanoid-robots-in-ten-years-makes-all-the-hand-wringing-over-deficits-look-unthought-through">a billion humanoid robots</a> in a decade in the U.S. seems not "thought through."
The production for Optimus had hit a snag earlier in the year as China's <a href="https://www.benzinga.com/25/04/44941025/tesla-optimus-robot-hit-by-chinas-rare-earth-magnet-crackdown-elon-musk-says-thousands-may-be-ready-by-year-end-but-no-guarantees-when-you-have-a-complex-manufactured-product">crackdown on rare earth metals</a> exports posed supply chain issues for Tesla and its robotics ambitions.
<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="198" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03050040/TSLA-JUL-3-2205-3-1024x198.jpg" alt="" class="wp-image-971686" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03050040/TSLA-JUL-3-2205-3-1024x198.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03050040/TSLA-JUL-3-2205-3-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03050040/TSLA-JUL-3-2205-3-768x148.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03050040/TSLA-JUL-3-2205-3-1536x297.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03050040/TSLA-JUL-3-2205-3.jpg 1554w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla offers satisfactory Momentum and Quality, while scoring well on the Growth metric, but the stock offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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<li><a href="https://www.benzinga.com/news/topics/25/05/45710538/elon-musk-says-humanoid-robots-will-start-impacting-countries-gdps-in-4-to-5-years-robot-cars-even-sooner-in-just-1-to-2-years">Elon Musk Says Humanoid Robots Will Start Impacting Countries&#8217; GDPs In 4 To 5 Years. &#8216;Robot Cars&#8217; Even Sooner—In Just 1 To 2 Years</a></li>
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Photo courtesy: Shutterstock

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Elon Musk's Tesla Has Halted The Production Of Its Humanoid Robot Optmius Amid Redesign Plans: Report

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) <a href="https://www.benzinga.com/markets/tech/25/07/46226585/microsoft-cuts-9000-jobs-in-second-2025-layoff">cut 9,000 jobs in its second 2025 layoff round</a> while Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and OpenAI ignite a talent war with compensation packages reaching $20 million annually, creating stark contrasts in Silicon Valley&#8217;s artificial intelligence landscape.
What Happened: The layoffs affect less than 4% of Microsoft&#8217;s workforce across diverse teams and regions as the company maintains cost controls while <a href="https://www.benzinga.com/markets/tech/25/07/46226585/microsoft-cuts-9000-jobs-in-second-2025-layoff">investing $80 billion in AI data centers</a> this fiscal year. Microsoft&#8217;s gaming division, including Candy Crush parent King, eliminated 200 positions, marking the company&#8217;s continued workforce reduction following 6,000 cuts in May.
Meanwhile, Meta&#8217;s aggressive talent acquisition has sparked unprecedented compensation inflation. Deedy Das, an AI investor at Menlo Ventures, <a href="https://www.businessinsider.com/in-silicon-valley-it-is-the-summer-of-fomo-2025-6">told</a> Business Insider that three machine-learning engineers at OpenAI and Anthropic received offers between $8 million and $20 million annually from Meta. &#8220;There&#8217;s a ton of ripple effects I&#8217;m hearing in the Valley,&#8221; Das said, describing widespread &#8220;jealousy, envy, and helplessness&#8221; among tech workers not receiving such packages.
The bidding war intensified after Meta recruited Scale CEO Alexandr Wang in a $14.3 billion deal and poached six star researchers from OpenAI for its new Meta Superintelligence Labs. 
OpenAI CEO Sam Altman claimed Meta offered $100 million signing bonuses, though Meta CTO Andrew Bosworth <a href="https://www.benzinga.com/markets/tech/25/06/46157544/meta-exec-dismisses-openais-sam-altmans-claims-of-100-million-signing-bonuses-sam-is-just-being-dishonest-here">dismissed these claims as dishonest during a company meeting</a>.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46239998/dan-ives-hails-teslas-better-than-expected-q2-deliveries-says-fireworks-come-early-for-elon-musk-led-ev-giant">Dan Ives Hails Tesla&#8217;s Better Than Expected Q2 Deliveries, Says &#8216;Fireworks Come Early&#8217; For Elon Musk-Led EV Giant</a>
Why It Matters: Roy Bahat of Bloomberg Beta noted the talent shortage drives extreme valuations, with only approximately 2,000 researchers capable of building foundational AI models globally. &#8220;In my 20 years in tech, I have never seen as clearly defined a market for extraordinary talent,&#8221; Bahat said.
The competition extends to universities, where companies pressure Ph.D. interns to abandon studies. &#8220;They&#8217;re pressuring them to drop out of school,&#8221; said Bill Aulet of MIT&#8217;s Martin Trust Center for Entrepreneurship. Companies argue AI advances are happening so rapidly that graduation delays could cost career-defining opportunities.
Microsoft&#8217;s <a href="https://www.benzinga.com/markets/tech/25/07/46226585/microsoft-cuts-9000-jobs-in-second-2025-layoff">third quarter revenue of $70.07 billion</a>, up 13% year-over-year, and Azure&#8217;s 33% growth demonstrate continued AI demand despite workforce reductions. 
Read Next: 
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46239208/soham-parekh-accused-of-fooling-yc-startups-while-working-4-jobs-at-once-suhail-doshi-says-he-faked-his-resume-lied-about-his-location">Soham Parekh Accused Of Fooling YC Startups While Working 4 Jobs At Once: Suhail Doshi Says He Faked His Resume, Lied About His Location</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Tada Images / Shutterstock.coma

MSFT

Microsoft Slashes 9,000 Jobs While Mark Zuckerberg's Meta Poaches $20 Million Worth Of AI Talent From OpenAI: Investor Warns Of 'Jealousy, Envy, And Helplessness' Among Tech Workers In Silicon Valley

Macro Economic Events

Econ #s

Economics

U.K. Services Purchasing Managers Index For June 52.8 Vs. 51.3 Est.; 50.9 Prior

U.K. Composite Purchasing Managers' Index For June 52.0 Vs. 50.7 Est.; 50.3 Prior

Eurozone Services Purchasing Managers Index For June 50.5 Vs. 50.0 Est.; 49.7 Prior

HCOB Eurozone Composite Purchasing Managers Index For June 50.6 Vs. 50.2 Est.; 50.2 Prior

Germany Services Purchasing Managers Index For June 49.7 Vs. 49.4 Est.; 47.1 Prior

France Services Purchasing Managers Index For June 49.6 Vs. 48.7 Est.; 48.9 Prior

Memecoins are leading cryptocurrency gains early Thursday morning, after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) nearly topped $110,000.
What happened: Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based Bonk rallied over 21% to become the market's most profitable cryptocurrency in the last 24 hours.
The dog-themed coin's trading volume exploded 336% to nearly $560 million in the last 24 hours, suggesting high buying pressure. Open interest exploded 40% in the last 24 hours, <a href="https://www.coinglass.com/BitcoinOpenInterest">according</a> to Coinglass.&nbsp;
Widely followed cryptocurrency trader Bluntz projected Bonk to surge by "at least" 100%-130%, but did not provide a specific time frame.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">really not too sure about ath&#39;s but pretty confident <a href="https://twitter.com/search?q=%24bonk&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$bonk</a> is going atleast 100-130% higher <a href="https://t.co/1MXgGXRM9W">pic.twitter.com/1MXgGXRM9W</a>
&mdash; Bluntz (@Bluntz_Capital) <a href="https://twitter.com/Bluntz_Capital/status/1940584173921861885?ref_src=twsrc%5Etfw">July 3, 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/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46149584/why-crypto-investors-are-receiving-internal-revenue-service-warning-letters">Why Crypto Investors Are Receiving Internal Revenue Service Warning Letters</a>
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 4:50 a.m. ET)</td>
</tr>
<tr>
<td>Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>)</td>
<td>+21.75%</td>
<td>$0.00001734</td>
</tr>
<tr>
<td>Fartcoin (FARTCOIN)</td>
<td>+16.58%</td>
<td>$1.24</td>
</tr>
<tr>
<td>Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>)</td>
<td>+15.51%</td>
<td>$0.9347</td>
</tr>
</tbody>
</table>
</figure>
Fartcoin, another Solana-based memecoin, lifted over 16%, with trading volume soaring 55% in the last 24 hours. Dogwifhat spiked 15% over the previous day.
The three memecoins were among the top five biggest gainers in the past 24 hours, reflecting the memecoin frenzy.
Their returns overshadowed meme titans like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), which advanced 7.78% and 6.33%, respectively.
The overall memecoin market surged 8.85% to $57.23 billion, with trading volume rising by 60%.
The market has erupted after Bitcoin<a href="https://www.benzinga.com/crypto/25/07/46238265/bitcoin-nearly-hits-110000-ethereum-dogecoin-also-spike-amid-etf-buzz-analyst-says-door-open-for-118000-btc-rally"> nearly broke $110,000</a> on Wednesday on surging institutional interest and trade deal optimism.
Benzinga Note: Investing in meme coins is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46230381/xrp-spikes-3-as-ripple-applies-for-us-banking-license">XRP Spikes 3% As Ripple Applies For US Banking License</a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46148904/donald-trump-says-bitcoin-takes-a-lot-of-pressure-off-the-dollar"> </a></li>
</ul>
Photo Courtesy: alfernec on Shutterstock

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

Cryptocurrency

Movers

$BONK

$BTC

$DOGE

$SHIB

$SOL

$WIF

Dogecoin Up 8%, But These Two Dog-Themed Coins Are Leading The Advance Early Thursday Morning

The Republican-controlled U.S. House on Thursday advanced President Donald Trump&#8216;s comprehensive tax and spending megabill by a narrow 219-213 vote, marking a critical legislative victory after internal GOP divisions nearly derailed the measure.
What Happened: The procedural vote to begin final debate represents a significant win for Republican leadership seeking to deliver on Trump&#8217;s second-term policy agenda ahead of his self-imposed July 4 deadline, <a href="https://www.cnbc.com/2025/07/03/trump-megabill-house-vote.html">reported</a> CNBC. House Speaker Mike Johnson (R-La.) spent hours corralling his razor-thin majority after several Republican members initially refused to support the measure.
The 887-page legislation <a href="https://www.benzinga.com/news/25/07/46240012/obama-warns-16-million-americans-could-lose-health-care-as-gop-pushes-trumps-big-beautiful-bill-with-deep-medicaid-cuts">combines $4.5 trillion in tax cuts</a> over 10 years with substantial spending reductions targeting federal health and nutrition programs. The package extends the 2017 Tax Cuts and Jobs Act while implementing $1 trillion in Medicaid cuts and $295 billion in reductions to the Supplemental Nutrition Assistance Program over a decade.
Former President Barack Obama warned on Wednesday that &#8220;more than 16 million Americans are at risk of losing their health care&#8221; due to proposed Medicaid <a href="https://www.benzinga.com/news/25/07/46240012/obama-warns-16-million-americans-could-lose-health-care-as-gop-pushes-trumps-big-beautiful-bill-with-deep-medicaid-cuts">funding cuts and expanded work requirements</a>. 
See Also:&nbsp;<a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46238927/dollar-supremacy-under-threat-despite-a-slowing-china-absolutely-says-this-economist-beijing-is-the-largest-trading-partner-for-half-the-world-and-theyve" target="_blank" rel="noreferrer noopener">Dollar Supremacy Under Threat Despite A Slowing China? ‘Absolutely,' Says This Economist — Beijing Is The Largest Trading Partner For Half The World And They've ‘Arrived'</a>
Why It Matters: The House received the revised bill from the Senate late Tuesday after Vice President JD Vance cast the tie-breaking vote in the upper chamber.
Trump criticized Republican holdouts on social media, posting late Wednesday that delays were &#8220;COSTING YOU VOTES!!!&#8221; and calling the measure &#8220;the Largest Tax Cuts in History.&#8221; Rep. Marjorie Taylor Greene (R-Ga.) publicly supported the bill, calling it &#8220;the One Big Beautiful Bill&#8221; and emphasizing its border security provisions.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">1,000%!!! And also why I'm easily voting YES on the One Big Beautiful Bill!! Passing the great tax policies, border policies, and border security policies in the bill are exactly what I campaigned for along with President Trump!! <a href="https://t.co/G1zlBlJcqt">https://t.co/G1zlBlJcqt</a>
&mdash; Rep. Marjorie Taylor Greene&#x1f1fa;&#x1f1f8; (@RepMTG) <a href="https://twitter.com/RepMTG/status/1940612736280605166?ref_src=twsrc%5Etfw">July 3, 2025</a></blockquote>
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The legislation <a href="https://www.benzinga.com/news/25/07/46240012/obama-warns-16-million-americans-could-lose-health-care-as-gop-pushes-trumps-big-beautiful-bill-with-deep-medicaid-cuts">allocates $350 billion for defense and immigration enforcement</a> while expanding work requirements for able-bodied adults receiving federal assistance. Recipients must log 80 hours monthly of work, study, or volunteering to maintain Medicaid coverage.
Following Thursday&#8217;s procedural vote, the House will conduct final passage voting before sending the measure to Trump&#8217;s desk for signature into law.
Read Next:
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</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Rawpixel.com / Shutterstock.com

Politics

Trump's 'Big Beautiful Bill' Advances As House GOP Squeezes Out 219-213 Win

Tripadvisor Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>) experienced a surge after activist investor Starboard Value acquired a 9% stake in the company.
What Happened: According to a Reuters report, Starboard Value, a prominent hedge fund, has secured a stake of over 9% in the travel services company.
Tripadvisor&#8217;s stock closed at $14.99 on Wednesday, marking an 8.07% rise from Tuesday&#8217;s close. The stock also recorded 4% rise in premarket trading on Thursday.
See Also: <a href="https://benzinga.com/news/politics/25/07/46217895/scott-bessent-says-senators-not-threatened-by-elon-musks-words-bill-advancing-under-trumps-leadersh">Scott Bessent Says Senators Not &#8216;Threatened&#8217; By Elon Musk&#8217;s Words, Bill Advancing Under Trump&#8217;s Leadership &#8216;More Than Anybody&#8217;s Checkbook&#8217;</a>
Why It Matters: Starboard Value has a history of influencing companies in which it invests. Earlier this year, the hedge fund <a href="https://www.benzinga.com/25/02/43443889/starboard-value-pushes-becton-dickinson-to-divest-life-sciences-unit">pushed Becton Dickinson to divest its life sciences unit</a>, a move that significantly impacted the company&#8217;s operations.
Given Starboard Value&#8217;s track record, its investment in Tripadvisor could potentially lead to strategic changes within the company, further impacting its stock value and market position.
Price Action: Starboard Value&#8217;s new stake in Tripadvisor Inc. led to an 8.07% increase in its closing price on July 2, reaching $14.99 according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data. The company is up 1.49% year-to-date and down by nearly 15% in the last 12 months.
Benzinga's Edge Stock Rankings: With a high Growth score of 93.60, Tripadvisor shows a strong growth potential, indicating optimism about future earnings or revenue expansion. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to know more</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="870" height="163" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03042823/Screenshot-2025-07-03-135807.png" alt="" class="wp-image-971620" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03042823/Screenshot-2025-07-03-135807.png 870w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03042823/Screenshot-2025-07-03-135807-300x56.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03042823/Screenshot-2025-07-03-135807-768x144.png 768w" sizes="(max-width: 870px) 100vw, 870px" /></a></figure>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Tero Vesalainen / Shutterstock.com

TRIP

Tripadvisor Shares Jump As Starboard Value Acquires Over 9% Stake

OPRA

Opera Launches Built-In Translation with Opera Translate In Opera One And Opera GX, Supporting Over 40 Languages

XPRO

Expro Introduces Standalone Catwalk Sensor System To Strengthen Risk Reduction On Slingshot Pipe Handling Rigs

Nasdaq Confirms So-Young Regains Compliance As ADSs Maintain $1.00 Closing Bid Price For 10 Consecutive Days

CNBC commentator Jim Cramer pointed out that three tech behemoths, Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Meta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), have closed the first half of the year at record highs, surpassing their &#8216;Magnificent Seven&#8217; counterparts.
What Happened:&nbsp;Cramer, on Tuesday, pointed out that these companies, which he referred to as the &#8220;M-N-Ms,&#8221; have outperformed their peers, CNBC&nbsp;<a href="https://www.cnbc.com/2025/07/01/jim-cramer-says-microsoft-meta-and-nvidia-pulled-ahead-of-the-mag-7.html">reported</a>. He attributed their success to specific developments that occurred during the year.
Microsoft, despite disappointing Wall Street with its Azure cloud business growth in January, managed to turn things around by the end of April, reporting a 33% growth in the segment.
Nvidia, the AI titan, had a shaky start to the year due to competition fears from Chinese startup DeepSeek. Despite a subsequent drop in April due to U.S. government restrictions on its sales in China, the company bounced back strongly in the following months. Cramer attributed this to &#8220;semiconductor&nbsp;superiority and persistent demand from&nbsp;the hyperscalers.&#8221;
Meta, on the other hand, experienced a decline in its stock value at the beginning of the year, in line with the broader trend of growth stocks. However, the company&#8217;s strong advertising abilities, as evidenced by its April earnings, turned the tide.
"Not FANG. Not Magnificent Seven. Just M-N-Ms," stated Cramer. "The sole survivors of a brutal quarter from what used to be the most captivating group in the market,&#8221; he added. 
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/large-cap/25/07/46212089/jeff-bezos-sells-737-million-worth-of-amazon-stock-just-days-after-lavish-venetian-wedding" target="_blank" rel="noreferrer noopener">Jeff Bezos Sells $737 Million Worth Of Amazon Stock Just Days After Lavish Venetian Wedding</a>
Why It Matters:&nbsp;Despite the initial setbacks, these companies have managed to bounce back and achieve record highs. This is indicative of the resilience and adaptability of these tech giants in the face of challenges, a quality that is crucial in the ever-evolving tech industry.
Additionally, the success of Microsoft, Nvidia, and Meta is reflective of the overall performance of the tech sector. Despite concerns of a potential &#8220;tech wreck&#8221; earlier in the year, the sector has shown remarkable strength, as evidenced by the&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/46180484/nvidia-palantir-tech-stocks-to-buy-q3-2025-sectors">historic gains</a>&nbsp;made by tech darlings in the second quarter of 2025.
Furthermore, the continued growth and innovation in the AI sector, which has been a significant factor in the success of companies like Nvidia and Microsoft, have led Wedbush&#8217;s Dan Ives to predict that these companies are on track to achieve a&nbsp;<a href="https://www.benzinga.com/markets/tech/25/07/46188671/nvidia-microsoft-on-track-to-achieve-4-trillion-market-cap-says-analyst-dan-ives-tech-bull-market-is-still-early">$4 trillion market cap</a>&nbsp;in the near future.
However, it&#8217;s worth noting that even amid this success, companies like Microsoft have had to make tough decisions, such as&nbsp;<a href="https://www.benzinga.com/markets/tech/25/07/46226585/microsoft-cuts-9000-jobs-in-second-2025-layoff">laying off</a> thousands of employees&nbsp;in a bid to control costs.
On a year-to-date basis, shares of Meta, Microsoft and Nvidia surged 19.08%, 17.32% and 13.69%, respectively as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. 
<ul class="wp-block-list">
<li>READ MORE: <a href="https://www.benzinga.com/markets/equities/25/07/46239376/nvidia-intel-broadcom-micron-amd-and-other-chipmakers-stand-to-benefit-as-trumps-tax-bill-increases-incentives-to-make-semiconductors-in-us">Nvidia, Intel, Broadcom, Micron, AMD And Other Chipmakers Stand To Benefit As Trump&#8217;s Tax Bill Increases Incentives To Make Semiconductors In US </a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

'Not FANG. Not Magnificent Seven. Just M-N-Ms:' Jim Cramer Floats New Tech Acronym For These Stocks That Outpaced Peers

<h3>Companies Reporting Before The Bell</h3>
<h3>Companies Reporting After The Bell</h3>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Earnings Scheduled For July 3, 2025

Sean &#8220;Diddy&#8221; Combs was acquitted Wednesday of three federal sex-trafficking and racketeering charges but convicted on two prostitution-related counts — a mixed verdict that marks a partial legal victory while keeping him in custody ahead of sentencing.
What Happened: The verdict, delivered by Manhattan jurors after 13 hours of deliberation, represents a partial vindication for Combs, whose entertainment empire has faced mounting legal scrutiny since September 2024. The 54-year-old music executive was cleared of racketeering conspiracy charges that could have resulted in life imprisonment, according <a href="https://www.washingtonpost.com/entertainment/music/2025/07/02/diddy-trial-verdict-sex-trafficking-racketeering-release/">to</a> the Washington Post.
U.S. District Judge Arun Subramanian denied Combs&#8217; $1 million bail request, citing his history of domestic violence despite defense arguments that acquittal on the most serious charges warranted release. The judge noted that &#8220;domestic violence is violence&#8221; in his ruling.
The prosecution&#8217;s case centered on allegations that Combs operated a criminal enterprise through his business network, including Bad Boy Records, <a href="https://www.benzinga.com/news/legal/25/07/46211886/diddy-jury-deadlocked-on-racketeering-conspiracy-charge-as-verdicts-reached-on-sex-trafficking-counts-jurors-to-return-wednesday">which he founded in 1993</a>. The label achieved significant commercial success with 13 chart-topping albums between 1997 and 2022.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46239208/soham-parekh-accused-of-fooling-yc-startups-while-working-4-jobs-at-once-suhail-doshi-says-he-faked-his-resume-lied-about-his-location">Soham Parekh Accused Of Fooling YC Startups While Working 4 Jobs At Once: Suhail Doshi Says He Faked His Resume, Lied About His Location</a>
Why It Matters: Defense attorney Marc Agnifilo argued prosecutors overreached with the racketeering charges, telling the court his client &#8220;has been given his life back by this jury.&#8221; The acquittal on sex-trafficking charges undermines the government&#8217;s theory that Combs coerced romantic partners into sexual acts.
Key testimony came from former girlfriend Casandra &#8220;Cassie&#8221; Ventura, whose 2023 lawsuit against Combs resulted in a $20 million settlement and triggered the federal investigation, according to the report. Ventura&#8217;s attorney, Douglas Wigdor, stated after the verdict that his client &#8220;has left an indelible mark on both the entertainment industry and the fight for justice.&#8221;
Combs faces sentencing on October 3 for the two prostitution-related convictions, each carrying potential sentences of up to 10 years. Federal prosecutors have indicated they will seek more than four years&#8217; imprisonment.
President Donald Trump previously indicated he would consider a pardon for Combs if he believed the music producer was treated unfairly, though rapper Curtis &#8220;50 Cent&#8221; Jackson has stated <a href="https://www.benzinga.com/cannabis/25/06/45713681/50-cent-says-hell-personally-ask-trump-not-to-pardon-diddy-if-disgraced-rapper-is-convicted-donald-doesnt-take-well-to-disrespect">he would personally urge Trump against such clemency</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: lev radin / Shutterstock.com

Entertainment

Legal

Diddy Found Guilty On 2 Counts, Not Guilty On 3: Sex Trafficking Charges Dropped, But Prison Still Looms

Former President Barack Obama warned Wednesday that more than 16 million Americans risk losing their health coverage as House Republicans struggle to advance President Donald Trump&#8216;s sweeping tax and spending package that includes significant cuts to Medicaid funding.
What Happened: &#8220;More than 16 million Americans are at risk of losing their health care because Republicans in Congress are rushing to pass a bill that would cut federal funding for Medicaid and weaken the Affordable Care Act,&#8221; Obama said in a social media statement. &#8220;If the House passes this bill, it will increase costs and hurt working class families for generations to come.&#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">More than 16 million Americans are at risk of losing their health care because Republicans in Congress are rushing to pass a bill that would cut federal funding for Medicaid and weaken the Affordable Care Act. If the House passes this bill, it will increase costs and hurt…
&mdash; Barack Obama (@BarackObama) <a href="https://twitter.com/BarackObama/status/1940500920959488540?ref_src=twsrc%5Etfw">July 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The former president urged Americans to &#8220;call your representative today and tell them to vote no on this bill,&#8221; as House Speaker Mike Johnson (R-La.) worked through the night to secure enough votes for passage by Trump&#8217;s July 4 deadline, according <a href="https://apnews.com/article/big-beautiful-bill-trump-tax-cuts-3b525482be43fdf956366cebd84dcaac">to</a> the Associated Press report.
The legislation, dubbed Trump&#8217;s &#8220;Big Beautiful Bill,&#8221; would <a href="https://www.benzinga.com/news/financing/25/07/46215083/how-trumps-big-beautiful-bill-impacts-snap-medicaid-taxes-and-student-loans">implement a $1 trillion Medicaid cut over 10 years</a> while expanding work requirements for able-bodied adults ages 19-64, including parents of children 14 and older.
Recipients would need to log 80 hours monthly of work, study, or volunteering to maintain coverage.
See Also: <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46238927/dollar-supremacy-under-threat-despite-a-slowing-china-absolutely-says-this-economist-beijing-is-the-largest-trading-partner-for-half-the-world-and-theyve">Dollar Supremacy Under Threat Despite A Slowing China? &#8216;Absolutely,&#8217; Says This Economist — Beijing Is The Largest Trading Partner For Half The World And They&#8217;ve &#8216;Arrived&#8217;</a>
Why It Matters: The Congressional Budget Office projects that <a href="https://www.benzinga.com/news/financing/25/07/46215083/how-trumps-big-beautiful-bill-impacts-snap-medicaid-taxes-and-student-loans">approximately 12 million more Americans</a> would become uninsured by 2034 from the Medicaid provisions alone.
States would face increased administrative burdens, conducting eligibility verification twice yearly and income checks every six months.
The 887-page bill also targets the Supplemental Nutrition Assistance Program with $295 billion in <a href="https://www.benzinga.com/news/financing/25/07/46215083/how-trumps-big-beautiful-bill-impacts-snap-medicaid-taxes-and-student-loans">cuts over a decade</a>, representing the deepest food-aid reduction in modern history.
Work requirements would expand to able-bodied adults without small children until age 64, up from 54 under current law.
House Republicans faced significant resistance from their own caucus Wednesday night, with several members refusing to vote on the procedural measure.
Trump criticized the delay in a midnight social media post, warning holdouts about &#8220;COSTING YOU VOTES!!!&#8221;
The package includes $4.5 trillion in tax cuts over 10 years, with provisions for deducting tips and overtime pay, plus a temporary $6,000 deduction for seniors earning under $75,000 annually.
Defense and immigration enforcement would receive $350 billion in new funding, according to the AP report.
Read Next: 
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<li><a href="https://www.benzinga.com/news/events/25/07/46238524/pentagon-says-us-strikes-set-back-irans-nuclear-program-by-2-years-after-b-2-bombers-hit-fordo-natanz-and-esfahan">Pentagon Says US Strikes Set Back Iran&#8217;s Nuclear Program By 2 Years After B-2 Bombers Hit Fordo, Natanz And Esfahan</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Gregory Reed / Shutterstock.com

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