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The Pentagon has denied Wisconsin&#8217;s $18 million grant application for noise mitigation funding to address F-35 fighter jet noise affecting Madison residents, while simultaneously cutting Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45890410/lockheed-martin-stock-slides-wednesday-whats-going-on">aircraft orders in half amid broader defense budget reductions</a>.
What Happened: Rep. Mark Pocan (D-Wis.) expressed disappointment over the Office of Local Defense Community Cooperation&#8217;s decision to reject Wisconsin Department of Military Affairs&#8217; funding request. 
The grant would have provided sound insulation for over 160 homes near Truax Field, along with new windows and HVAC systems for residents impacted by elevated noise levels from F-35 operations.
Since F-35 deployment at Truax Field began in 2020, Pocan&#8217;s office has documented consistent resident complaints about noise levels and concerns over potential property damage and health impacts.
The congressman secured $50 million in fiscal 2021 appropriations for the Noise Mitigation Community Partnership Program specifically to address these Madison-area concerns.
See Also: <a href="https://www.benzinga.com/markets/market-summary/25/06/45918802/middle-east-tensions-rattle-markets-us-stock-futures-slide-oil-jumps-8-gold-surges-above-3400-after-israel-strikes-iran">Middle East Tensions Rattle Markets: US Stock Futures Slide, Oil Jumps 8%, Gold Surges Above $3,400 After Israel Strikes Iran</a>
Why It Matters: The grant denial coincides with Pentagon budget cuts that have <a href="https://www.benzinga.com/news/politics/25/06/45877736/lockheed-martin-hit-as-pentagon-slashes-air-forces-f-35-order-in-half-amid-budget-cuts">significantly impacted Lockheed Martin&#8217;s F-35 program</a>.
Defense Secretary Pete Hegseth&#8216;s directive mandates 8% annual spending reductions over five years, leading to the Air Force&#8217;s F-35A request being slashed from 48 to 24 aircraft for fiscal 2026.
Congressional procurement documents show the Air Force will request $3.5 billion for F-35 purchases plus $531 million for advance procurement, down from previous projections. The Navy&#8217;s request dropped to 12 carrier variants from 17, while Marine Corps orders fell by two aircraft.
Pocan has requested detailed explanations for the grant denial and demanded that Pentagon officials visit Madison to meet directly with affected residents.
LMT gained 2.33% during Thursday's regular session. According to Benzinga Edge Stock Rankings, the stock shows modest strength in momentum, growth, and quality factors. However, it scores poorly on valuation and exhibits a negative price trend over the short to long term. See the <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">full stock breakdown here</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="880" height="610" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13043512/image-216.png" alt="" class="wp-image-948660" style="width:374px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13043512/image-216.png 880w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13043512/image-216-300x208.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13043512/image-216-768x532.png 768w" sizes="(max-width: 880px) 100vw, 880px" /></a></figure>
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45919464/boeing-faces-fresh-turmoil-as-india-mulls-787-8-grounding-after-fatal-crash-ceo-kelly-cancels-paris-trip-report">Boeing Faces Fresh Turmoil As India Mulls 787-8 Grounding, Safety Review After Fatal Crash, CEO Kelly Cancels Paris Trip: Report</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.
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Lockheed Martin's F-35 Jets Spark Outcry In Madison As Pentagon Rejects $18 Million Noise Mitigation Grant

Scale AI founder Alexandr Wang says he will hold off on parenthood until children can be born into a world where brain-computer interfaces such as Elon Musk's Neuralink are routine.
What Happened: "When we get Neuralink and we get these other technologies, kids who are born with them are gonna learn how to use them in like crazy, crazy ways," Wang told The Shawn Ryan Show, calling the devices "superintelligence&#8221; for the next generation.
Wang argued that the first seven years of life offer unmatched "neuroplastic" potential and therefore the best window to fuse biology with silicon. "Your brain is more neuroplastic than at any other point in your life," he said, adding that early adopters will leverage interfaces in ways adults can't. Scientists at NIH define &#8216;neuroplasticity&#8217; as the brain&#8217;s ability to adapt and change.
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<iframe loading="lazy" title="Alexandr Wang - CEO, Scale AI &#x7C; SRS #208" width="500" height="281" src="https://www.youtube.com/embed/QvfCHPCeoPw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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His stance comes as Neuralink's first three human patients, one of whom can edit video by thought alone, drew headlines and scrutiny alike. Musk's coin-size implant is still in U.S. clinical trials, but he recently touted 100 days of "full recovery" for the inaugural participant even while acknowledging a signal-drop malfunction.
Rivals Synchron, backed by Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) co-founder Bill Gates and Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos, and Motif Neurotech have logged similar breakthroughs, suggesting commercial options could arrive before the decade's end.
See also: <a href="https://www.benzinga.com/markets/large-cap/25/06/45946614/boeing-projects-demand-for-43600-jets-over-next-20-years-asia-single-aisle-planes-to-lead-the-charge">Boeing Projects Demand For 43,600 Jets Over Next 20 Years—Asia, Single-Aisle Planes To Lead The Charge</a>
Why It Matters: Wang's timeline dovetails with his professional leap. Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), last week, agreed to buy a <a href="https://www.benzinga.com/news/topics/25/06/45939001/meta-in-talks-to-invest-over-10b-in-scale-ai-possibly-the-biggest-private-ai-deal-this-year">49% stake</a> in Scale AI for $15 billion and <a href="https://www.benzinga.com/markets/tech/25/06/45880561/meta-on-the-verge-of-a-15-billion-deal-with-scale-ai-report">tapped him</a> to help lead a "superintelligence" lab aimed at closing the gap with OpenAI and Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google.
A report earlier today revealed that Google has begun <a href="https://www.benzinga.com/markets/tech/25/06/45943342/google-microsoft-elon-musks-xai-reportedly-cut-ties-with-scale-ai-after-mark-zuckerbergs-meta-buys-stake">shifting its data-labeling contracts</a> to Scale AI's rivals after Meta bought a stake in the startup. The search giant had planned to pay Scale about $200 million for human-labeled training data this year, but it is now negotiating with alternative vendors. Microsoft and Elon Musk's xAI have also cooled their ties, leaving Scale's $870 million-a-year business vulnerable just as CEO Alexandr Wang heads to Meta.
Benzinga's Edge Stock&nbsp;Rankings&nbsp;show that Meta has a positive Price Trend in the Short, Medium and Long term. Here is how the stock is&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">ranked</a>&nbsp;on other metrics.
<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="141" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16094054/image-243-1024x141.png" alt="" class="wp-image-950803" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16094054/image-243-1024x141.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16094054/image-243-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16094054/image-243-768x106.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16094054/image-243.png 1376w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo Courtesy: Kemarrravv13 on Shutterstock.com Read next: <a href="https://www.benzinga.com/personal-finance/management/25/06/45948610/a-newlywed-tells-dave-ramsey-her-husbands-spending-is-a-problem-when-he-gets-paid-he-wants-to-get-his-hair-done">A Newlywed Tells Dave Ramsey Her Husband&#8217;s Spending Is A Problem—&#8217;When He Gets Paid, He Wants To Get His Hair Done&#8217;</a>

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Meta's 'Superintelligence' Lab Hire Alexandr Wang Says He'll Wait for Elon Musk's Neuralink Before Having Kids — Here's Why

Leading cryptocurrencies erased early gains Monday as President Donald Trump asked citizens of Tehran, Iran's capital, to "immediately" evacuate the city amid escalating Iran-Israel conflict.
<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>$106,721.09</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>-0.29%</td>
<td>$2,561.52</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>-1.29%</td>
<td>$0.1731</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin nearly hit $109,000 late evening, marking a sharp recovery from the downsides triggered due to the Iran-Israel war.&nbsp;&nbsp;
Investors have been on edge since the beginning of the hostilities between the two regional rivals. However, the<a href="https://www.benzinga.com/markets/equities/25/06/45952716/stock-market-today-sp500-rises-iran-israel-nasdaq-near-record-highs"> jitters were eased</a> after reports said that Iran wants to de-escalate tensions and return to negotiations.
But the optimism seems to have faded after Trump ordered residents of the Iranian capital, Tehran, <a href="https://www.benzinga.com/news/events/25/06/45964856/trump-asks-everyone-to-immediately-evacuate-tehran-odds-of-us-striking-iran-spike-on-crypto-betting-platform">to immediately evacuate</a>, sending stock futures and cryptocurrencies tumbling. Bitcoin fell below $107,000 on the news.
Ethereum saw a similar trajectory, rising to an intraday high of $2,680.09 only to fall below $2,500.
About $381 million was liquidated from the cryptocurrency market in the last 24 hours, with long liquidations accounting for $204 million.&nbsp;
Bitcoin&#8217;s Open Interest rose 2.91% after days of decline and flat movement. Over 60% of Binance traders with open BTC positions were positioned short, according to the long/short ratio, indicating expectations of further downside.
The "Greed" sentiment strengthened from 61 to 68, according to the Crypto Fear &amp; Greed Index.
Top Gainers (24 Hours)
<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>Pendle (PENDLE)</td>
<td>+10.20%</td>
<td>$4.02</td>
</tr>
<tr>
<td>Aerodrome Finance (AERO) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+9.07%</td>
<td>$0.7948</td>
</tr>
<tr>
<td>Uniswap (UNI)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+7.03%</td>
<td> $7.56 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.32 trillion, following an increase of 1.03% in the last 24 hours.
Stocks made a sharp recovery on Monday. The Dow Jones Industrial Average climbed 317.30 points, or 0.75%, to close at 42,515.09. The S&amp;P 500 spiked 0.94% to end at 6,033.11. The tech-focused Nasdaq Composite gained 1.52% to close at 19,701.21.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Cryptocurrency analyst and trader Rekt Capital highlighted Bitcoin&#8217;s six-week streak of holding $104,400 as support, a critical level following a breakout from a re-accumulation range
"To reiterate, this is a post-breakout retest in an effort to fully confirm the breakout from the re-accumulation range," Rekt Capital added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bitcoin has officially entered its 6 consecutive week of successfully retesting $104400 as support To reiterate, this is a post-breakout retest in an effort to fully confirm the breakout from the Re-Accumulation Range<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/WzBXbOKM7D">https://t.co/WzBXbOKM7D</a> <a href="https://t.co/aeF6Go9y1M">pic.twitter.com/aeF6Go9y1M</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1934717582835114177?ref_src=twsrc%5Etfw">June 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another widely followed cryptocurrency analyst, Michaël van de Poppe, noticed the <a href="https://www.benzinga.com/markets/equities/25/06/45956228/aggressive-stock-buying-on-oil-drop-and-israel-gaining-control-of-tehran-skies">pullback</a> in gold and oil prices.
"If, this week, if Gold breaks more south and sub $3,400, that would be a great signal for risk-on appetite," Van De Poppe predicted.
<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">A small update here. Gold corrects slightly, and also oil is coming down. <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> continues to go upwards, while <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> are outperforming. If, this week, if Gold breaks more south and sub $3,400, that would be a great signal for risk-on appetite. <a href="https://t.co/gMt8RKh8Fy">pic.twitter.com/gMt8RKh8Fy</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1934649672242802998?ref_src=twsrc%5Etfw">June 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: Yalcin Sonat On Shutterstock.com
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Bitcoin, Ethereum, Dogecoin Lose Early Gains After Trump's 'Immediately Evacuate' Warning Amid Iran-Israel Conflict: Analyst Sees 'Great' Signal For Risk-On Appetite If This Happens

Japan&#8217;s SoftBank Group Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) is reportedly looking to raise $4.9 billion via a sizable overnight stake sale.
What Happened: On Tuesday, it was revealed that the Japanese investment holding company would be raising these funds via an unregistered overnight block sale of its stake in T Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), according to a <a href="https://www.bloomberg.com/news/articles/2025-06-16/softbank-seeks-to-raise-4-9-billion-in-t-mobile-share-sale-mbzn3ujs">report</a> by Bloomberg News, which saw the terms of the deal.
SoftBank is offering 21.5 million shares in the telecom giant at a price range of $224 to $228 per share, representing a 3% discount to T-Mobile&#8217;s closing price on Monday, at $230.99.
The deal, when completed, is set to be the largest U.S. equity block sale since Toronto-Dominion Bank's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>) $13.1 billion <a href="https://www.benzinga.com/ma/25/01/42921113/deal-dispatch-td-bank-charles-schwab-eyenovia-smart-share-hit-auction-block">divestiture of its stake</a> in Charles Schwab Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) in February. It also adds to the growing wave of equity offerings by new and existing shares, reaching $91.4 billion so far in 2025, up from $75.9 billion last year.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45962262/jpmorgan-files-trademark-jpmd-crypto-trading-digital-asset-services">Dimon Called Crypto A &#8216;Ponzi Scheme&#8217;—Now JPMorgan Is Building JPMD To Trade It</a>
As of March 31, 2025, SoftBank held 85.4 million T-Mobile shares, equivalent to a 7.52% stake, which was originally acquired as part of Sprint Corp.&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/12/14912449/what-the-sprint-t-mobile-merger-trial-means-for-investors">$26.5 billion merger</a> with T-Mobile in 2020. SoftBank had acquired a majority stake in T-Mobile back in 2013.
Following the proposed transaction, SoftBank&#8217;s stake will shrink by 1.9 percentage points, leaving it with a roughly 5.6% stake in the company. 
The transaction is being managed by Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and neither SoftBank nor T-Mobile has immediately responded to Benzinga&#8217;s request for a comment.
Why It Matters: This move might prompt T-Mobile&#8217;s majority stakeholder, Deutsche Telekom AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DTEGY#OTC">DTEGY</a>), to vie for greater control of the company, something that it&#8217;s been pursuing for the <a href="https://www.benzinga.com/m-a/21/05/21199432/deutsche-telekom-eyeing-majority-stake-in-t-mobile-by-acquiring-softbanks-share-bloomberg">past several years</a>. 
SoftBank continues to pursue investment opportunities in the U.S., having led a <a href="https://www.benzinga.com/media/25/01/43374528/softbank-may-lead-openais-40-billion-funding-round-at-a-300-billion-valuation-despite-deepseek-disruption-report">$40 billion investment round</a> in OpenAI early this year.
The company&#8217;s CEO, Masayoshi Son, had earlier committed to <a href="https://www.benzinga.com/news/24/12/42505666/softbanks-masayoshi-son-to-reportedly-announce-100b-us-investment-during-meeting-with-trump">investing $100 billion</a> in the United States during a meeting with the then President-Elect Donald Trump at Mar-a-Lago late last year.
Price Action: T-Mobile shares were up 1.31% on Monday, ending the day at $230.99, but are down 3.89% after hours following news of the stake sale.
<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="143" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16220626/Screenshot-2025-06-17-at-7.36.11-AM-1024x143.png" alt="" class="wp-image-951496" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16220626/Screenshot-2025-06-17-at-7.36.11-AM-1024x143.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16220626/Screenshot-2025-06-17-at-7.36.11-AM-300x42.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16220626/Screenshot-2025-06-17-at-7.36.11-AM-768x108.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16220626/Screenshot-2025-06-17-at-7.36.11-AM.png 1528w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The company&#8217;s shares show strong Momentum, and rank well on Quality according to Benzinga&#8217;s Edge Stock Rankings, but only have a favorable price trend in the long term. See <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, the company, its peers, and competitors.
Photo Courtesy: Koshiro K on Shutterstock.com
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SoftBank Moves To Raise $4.9 Billion With Overnight T-Mobile Block Sale— Stock Drops 4% After Hours As Investors Digest Discount

On Monday, Cathie Wood-led Ark Invest made significant trades involving NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Circle Internet Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>), and DoorDash Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>). These trades reflect Ark&#8217;s strategic positioning amidst evolving market dynamics.
The Nvidia Trade saw Ark Invest&#8217;s flagship fund, ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>), acquiring 128,163 shares of Nvidia. This purchase comes in the wake of <a href="http://www.benzinga.com/markets/tech/25/06/45885805/nvidias-jensen-huang-sparks-quantum-stock-frenzy">recent comments</a> by CEO Jensen Huang about quantum computing&#8217;s potential, which has invigorated investor interest. Additionally, <a href="https://www.benzinga.com/markets/equities/25/06/45918580/nvidia-drops-china-from-guidance-after-2-5-billion-q1-revenue-hit-ceo-jensen-huang-says-hes-not-counting-on-us-lifting-export-controls-but-if-it-happens-it-will-be-a-great-bonus">Nvidia&#8217;s decision</a> to exclude China from its revenue forecasts due to U.S. export restrictions has been a pivotal move. For the day, Nvidia stock closed at $144.69. The Ark trade was valued at $18.54 million.
The Meta Platforms Trade involved ARKK selling 26,387 shares of the Mark Zuckerberg-led social media giant. Meta has been leading the &#8220;Magnificent Seven&#8221; stocks, delivering a nearly 19% return as of early June, according to <a href="https://www.benzinga.com/content/45886077/meta-pulls-ahead-of-the-mag-7-analysts-predict-a-breakout-year">analyst predictions</a>. This sale indicates Ark&#8217;s strategy to capitalize on Meta&#8217;s strong performance. Meta shares have risen over 17% since the year began. On Monday, the stock ended the day at $702.12. The value of the Ark trades was $18.52 million.
The Circle Trade saw Ark Invest reducing its stake in Circle Internet Group Inc. by selling 196,367 shares through ARKK and 92,310 shares via ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>). Circle&#8217;s stock has been on an <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45955267/circle-internet-group-crcl-stock-hits-new-highs-whats-going-on">upward trajectory</a> since its IPO. On Monday, the stock rose 13.1% to $151.06. Over a 24-hour period, the shares ranged between $145.88 to $165.60 with Circle shares hitting an all-time high. Based on the price action, the Ark trade was valued at $43.6 million.
The DoorDash Trade involved Ark&#8217;s ARKF, ARKW, and the ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) funds collectively purchasing 139,236 shares of DoorDash Inc.. DoorDash&#8217;s <a href="https://www.benzinga.com/news/restaurants/25/05/45707630/is-doordash-planning-to-gobble-up-europe-company-strikes-3-9-billion-deal-to-buy-uk-food-delivery-company-deliveroo">strategic expansion</a> into Europe through its acquisition of Deliveroo has been in the headlines. For the day, DoorDash stock closed at $221.73. The value of the Ark trade was $30.9 million.
See Also:&nbsp;<a href="https://benzinga.com/trading-ideas/long-ideas/25/06/45946608/top-3-materials-stocks-that-could-blast-off-this-month-3" target="_blank" rel="noreferrer noopener">Top 3 Materials Stocks That Could Blast Off This Month</a>
Other Key Trades:
<ul class="wp-block-list">
<li>Sold 118,767 shares of Magna International Inc. from ARKQ.</li>
<li>Sold 262,449 shares of UiPath Inc. from ARKQ.</li>
<li>Bought 215,830 shares of BWX Technologies Inc. from ARKK.</li>
</ul>
Photo Courtesy: ChrisStock82 on Shutterstock.com
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<li><a href="https://benzinga.com/markets/equities/25/06/45944854/irans-missile-stockpile-may-be-shrinking-as-strikes-on-israel-taper-off-says-think-tank-lmt-rtx-" target="_blank" rel="noreferrer noopener">Iran&#8217;s Missile Stockpile May Be Shrinking As Strikes On Israel Taper Off, Says Think Tank: LMT, RTX, GD In Focus</a></li>
</ul>
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>

ETFs

ARKK

ARKQ

ARKW

CRCL

DASH

NVDA

Cathie Wood's Monday Shuffle: Buys Nvidia, Sells Meta — Ark Also Dumps Hot Circle Stock

President Donald Trump asked citizens of Tehran, Iran&#8217;s capital, to &#8220;immediately&#8221; evacuate the city on Monday, as cryptocurrency bettors increased the likelihood that the U.S. would join Israel in the war against the Middle Eastern country.
What happened: Trump wrote in a post on Truth Social, "Iran should have signed the &#8216;deal' I told them to sign. What a shame, and waste of human life. Simply stated, IRAN CAN NOT HAVE A NUCLEAR WEAPON."
Trump then asked people to "immediately" evacuate the capital city of Tehran, home to around 10 million people.
<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">&quot;Iran should have signed the "deal" I told them to sign. What a shame, and waste of human life. Simply stated, IRAN CAN NOT HAVE A NUCLEAR WEAPON. I said it over and over again! Everyone should immediately evacuate Tehran!&quot; –President Donald J. Trump <a href="https://t.co/oniUSgsMWA">pic.twitter.com/oniUSgsMWA</a>
&mdash; The White House (@WhiteHouse) <a href="https://twitter.com/WhiteHouse/status/1934745869821370570?ref_src=twsrc%5Etfw">June 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Trump will also cut short his G7 summit "because of what's going on in the Middle East," said White House Press Secretary Karoline Leavitt.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">President Trump had a great day at the G7, even signing a major trade deal with the United Kingdom and Prime Minister Keir Starmer. Much was accomplished, but because of what's going on in the Middle East, President Trump will be leaving tonight after dinner with Heads of State.
&mdash; Karoline Leavitt (@PressSec) <a href="https://twitter.com/PressSec/status/1934755141082861736?ref_src=twsrc%5Etfw">June 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — &#8216;Gold Used To Be That Money, BTC Is The Challenger&#8217;</a>
Meanwhile, the likelihood that the U.S. will take military action against Iran before July jumped by 15 percentage points to <a href="https://polymarket.com/event/us-military-action-against-iran-before-july">44%</a> in the last 24 hours on the Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POL</a>)-based Polymarket.
More than $5.3 million has been wagered on the bet, and the market would resolve to "Yes" if the U.S. initiates a military action on Iranian soil, airspace, or maritime territory or against any Iranian embassies or consulates before June 30.
Why It Matters: Israel has been launching strikes on Iran since Thursday of last week, but the U.S. has stayed out of the conflict. 
While Iran has also launched missile attacks in response, their frequency has decreased as a result of Israel&#8217;s targeted strikes on<a href="https://www.benzinga.com/markets/equities/25/06/45944854/irans-missile-stockpile-may-be-shrinking-as-strikes-on-israel-taper-off-says-think-tank-lmt-rtx-"> Iran&#8217;s missile stockpile and launch capability</a>, reports suggested.
Previously, Trump <a href="https://www.benzinga.com/news/politics/25/06/45940864/trump-threatens-iran-with-unprecedented-us-military-action-in-case-of-attack-if-we-are-attacked-in-any-way-us-armed-forces-will-come-down-on-you-at-levels-never-seen-before">warned Iran that any attack on U.S. forces</a> or land would be met with an unprecedented military response.
Amid geopolitical tensions, Iranian lawmakers were <a href="https://www.benzinga.com/news/politics/25/06/45964516/iran-considers-bill-to-exit-nuclear-treaty-that-prevents-spread-of-atomic-weapons-israels-actions-affect-strategic-decisions">contemplating a legislative move</a> that could see the nation withdraw from the nuclear Non-Proliferation Treaty
Photo Courtesy: Joey Sussman on Shutterstock.com
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45942372/anthony-scaramucci-welcomes-philippe-laffonts-bitcoin-advocacy-after-billionaire-hedge-fund-manager-says-apex-crypto-has-become-central-to-investment-portfolios">Anthony Scaramucci Welcomes Philippe Laffont&#8217;s Bitcoin Advocacy After Billionaire Hedge Fund Manager Says Apex Crypto Has Become &#8216;Central&#8217; To Investment Portfolios</a></li>
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$POL

Trump Asks 'Everyone' To Immediately Evacuate Tehran, Odds Of US Striking Iran Spike On Crypto Betting Platform

Amid escalating tensions in the Middle East, Iranian lawmakers are contemplating a significant legislative move that could see the nation withdraw from the nuclear Non-Proliferation Treaty. This development, confirmed by the foreign ministry on Monday, comes as geopolitical strains with Israel intensify.
What Happened: Iranian lawmakers are drafting a bill that could lead Tehran to withdraw from the NPT, as stated by the foreign ministry on Monday. According to Reuters, this move comes amid heightened geopolitical tensions and accusations regarding Iran&#8217;s nuclear ambitions.
The NPT, which Iran joined in 1970, allows nations to develop civilian nuclear power while prohibiting the creation of nuclear weapons. However, Iran&#8217;s nuclear activities have been under scrutiny, with the International Atomic Energy Agency recently declaring Tehran in violation of its NPT commitments. Despite this, Iran maintains that its nuclear program is solely for peaceful purposes.
Iranian Foreign Ministry spokesperson&nbsp;Esmaeil Baghaei&nbsp;mentioned that the government must enforce parliamentary bills, but coordination with parliament is still in the early stages. He also noted that recent events, such as an attack by Israel, influence Iran&#8217;s strategic decisions. Israel, which is believed to have nuclear weapons, has accused Iran of nearing nuclear bomb development, a claim Iran denies.
The spokesperson said that Israel&#8217;s military action &#8220;naturally affect the strategic decisions of the state.&#8221;
Iranian President&nbsp;Masoud Pezeshkian&nbsp;reiterated that nuclear weapons contradict&nbsp;a religious edict by Supreme&nbsp;Leader&nbsp;Ayatollah Ali Khamenei. As of now, no final decision has been made by the Iranian parliament regarding leaving the NPT.
See Also: <a href="https://benzinga.com/news/social-media/25/06/45941129/elon-musk-criticized-for-linking-minnesota-assasination-to-far-left" target="_blank" rel="noreferrer noopener">Elon Musk Criticized for Linking Minnesota Assassination to &#8216;Far Left&#8217;</a>
Why It Matters: The potential withdrawal from the NPT by Iran comes on the heels of a <a href="https://www.benzinga.com/news/topics/25/06/45933856/iran-fires-ballistic-missiles-at-israel-tel-aviv-struck">series of military escalations</a> with Israel. Last week, Iran launched ballistic missiles at Israel, marking a significant escalation in hostilities. This was a direct response to Israeli air raids on Iranian targets.
Despite these tensions, there are signs of potential de-escalation. Iran has reportedly expressed a <a href="https://www.benzinga.com/markets/equities/25/06/45952716/stock-market-today-sp500-rises-iran-israel-nasdaq-near-record-highs">willingness to resume</a> negotiations over its nuclear program, provided the United States stays out of the conflict, according to a report from the Wall Street Journal. This development could ease geopolitical jitters that have recently impacted global markets.
Furthermore, the ongoing conflict has influenced global oil markets, with investors pouring into energy stocks, <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45948662/iran-israel-tensions-fuel-oil-rally-investors-are-piling-into-energy-etfs">anticipating continued volatility</a> in the region. The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) saw a significant influx of capital following the recent military actions. On Monday, XLE ended the day 0.3% lower at $87.84. Photo Courtesy: rarrarorro on Shutterstock.com
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<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
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>

Politics

General

Iran Considers Bill To Exit Nuclear Treaty That Prevents Spread Of Atomic Weapons: Israel's Actions Affect 'Strategic Decisions'

Biotech

RSLS

ReShape Lifesciences Will Be Issued US Patent Number 12,329,972 Tomorrow Titled "HIGH-FREQUENCY LOW DUTY CYCLE PATTERNS FOR NERUAL REGULATION (FOR TREATMENT OF GI CONDITIONS INCLUDING OBESITY & OTHER EATING DISORDERS, IBD, PANCREATITIS, DIABETES, AND HYPERTENSION)"

Disney (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Universal, the powerhouse studios behind Star Wars, Frozen, and Kung Fu Panda, have filed a major copyright lawsuit involving an <a href="https://www.benzinga.com/news/topics/25/06/45847032/ibm-acquires-ai-startup-seek-and-launches-500m-backed-watsonx-ai-labs-in-nyc-to-tackle-data-innovation-with-agentic-intelligence">AI startup</a>, described by <a href="https://www.entrepreneur.com/business-news/disney-universal-sue-ai-startup-midjourney-plagiarism/493100">Entrepreneur</a> as a potential first for <a href="https://www.benzinga.com/25/05/45651756/streaming-wars-heat-up-how-moonvalleys-123m-ai-bet-could-shape-hollywoods-future">Hollywood</a>. The case targets Midjourney, a text-to-image generator that allegedly enabled users to produce visuals featuring copyrighted characters owned by the studios.
Filed in the U.S. District Court in Los Angeles, the 110-page complaint accuses Midjourney of building a commercial enterprise off protected intellectual property. According to the lawsuit, the studios had issued cease-and-desist letters to Midjourney's counsel, demanding the unauthorized content be stopped.
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&#8220;Midjourney, which has attracted millions of subscribers and made $300 million last year alone, is focused on its own bottom line and ignored Plaintiffs' demands,&#8221; the filing reads. When those warnings were ignored, Disney and Universal moved forward with legal action. The lawsuit says that Midjourney&#8217;s paid plans reportedly range from $10 to $120 per month, contributing to its explosive financial growth since launching.
<h2 class="wp-block-heading">Midjourney&#8217;s Fast Growth Draws Major Legal Firepower</h2>
Founded in 2021, Midjourney has grown rapidly by offering AI-generated images within seconds, fueled entirely by user prompts. With just 11 full-time employees, the company <a href="https://www.midjourney.com/home">describes</a> itself as a small, self-funded operation. The lawsuit alleges its rapid expansion has come at the expense of long-established copyrights, turning beloved characters into AI fodder without authorization.
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
The lawsuit highlights a roster of well-known characters allegedly reproduced by Midjourney's platform. Disney's complaint cites the unauthorized use of Darth Vader from Star Wars, Elsa from Frozen, Lightning McQueen from Cars, and Homer Simpson from The Simpsons. Universal's claims include the depiction of Minions from Despicable Me, Po from Kung Fu Panda, Shrek, as well as Hiccup and Toothless from How to Train Your Dragon.
According to the filing, only the studios maintain legal rights to commercialize these characters and develop content or merchandise around them. One line in the complaint describes Midjourney as a "bottomless pit of plagiarism," accusing the startup of undermining the basic framework of U.S. copyright law. The studios are seeking a jury trial to establish boundaries around what generative AI platforms can legally create.
See Also: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>
<h2 class="wp-block-heading">Broader Battle Looms For AI And Copyright Control</h2>
In the filing, Disney and Universal frame the lawsuit as more than a defense of individual characters, describing Midjourney's business model as a direct threat to the creative economy and the broader U.S. film industry.
Calling the infringement "systematic, ongoing, and willful," the plaintiffs argue the damage is both substantial and irreparable, not just to their own properties but to the incentive system that fuels the $260 billion American motion picture economy.
The lawsuit arrives during a critical moment for AI litigation. Just one week prior, Reddit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) filed its own suit against Anthropic, alleging unauthorized use of its forum content for AI training purposes,<a href="https://www.wsj.com/tech/ai/reddit-lawsuit-anthropic-ai-3b9624dd"> The Wall Street Journal</a> reports. Getty Images (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETY#NYSE">GETY</a>) is also<a href="https://copyrightalliance.org/wp-content/uploads/2023/02/Getty-Images-v.-Stability-AI-Complaint.pdf"> pursuing</a> a multimillion dollar case against Stability AI for allegedly scraping over 12 million copyrighted visuals from its platform.
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<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">with $1,000 you can invest at just $0.30/share!</a></li>
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Image: Shutterstock

GETY

RDDT

Hollywood Showdown Begins: Disney And Universal Sue $300M AI Startup Midjourney For 'Bottomless Pit Of Plagiarism' In Blockbuster Case

SNSE

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

FGEN

RAPT

The Hartford Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) has outperformed the market over the past 5 years by 11.46% on an annualized basis producing an average annual return of 25.78%. Currently, The Hartford Insurance Gr has a market capitalization of $35.76 billion. 
Buying $1000 In HIG: If an investor had bought $1000 of HIG stock 5 years ago, it would be worth $3,054.11 today based on a price of $125.86 for HIG at the time of writing.
<h3>The Hartford Insurance Gr's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750117514_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 The Hartford Insurance Gr Stock In The Last 5 Years

Sea (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) has outperformed the market over the past 15 years by 2.29% on an annualized basis producing an average annual return of 14.33%. Currently, Sea has a market capitalization of $93.55 billion. 
Buying $100 In SE: If an investor had bought $100 of SE stock 15 years ago, it would be worth $732.36 today based on a price of $158.02 for SE at the time of writing.
<h3>Sea's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750116612_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 Sea 15 Years Ago Would Be Worth This Much Today

Quest Diagnostics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) has outperformed the market over the past 5 years by 299.46% on an annualized basis producing an average annual return of 313.78%. Currently, Quest Diagnostics has a market capitalization of $20.33 billion. 
Buying $100 In DGX: If an investor had bought $100 of DGX stock 5 years ago, it would be worth $109,220.16 today based on a price of $182.07 for DGX at the time of writing.
<h3>Quest Diagnostics's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750115712_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 Quest Diagnostics Stock In The Last 5 Years

As <a href="https://www.benzinga.com/news/25/05/45572052/trump-tariffs-hit-imports-for-sure-but-made-in-usa-purchases-also-didnt-escape-price-rise-gauntlet-s">new tariffs</a> take effect as part of President Donald Trump's trade policy, cybersecurity experts are sounding the alarm: scammers are seizing this moment of confusion to trick consumers into handing over money or sensitive personal information.&nbsp;
Here's what you need to know to protect yourself.
<h2 class="wp-block-heading">Why Tariff Confusion Creates a Perfect Scam Setup</h2>
Tariffs are essentially taxes on imported goods, usually paid by the companies bringing those products into the U.S. These businesses often pass the cost to consumers through higher prices. But that doesn't mean you should be paying tariffs directly — something scammers are counting on you not knowing.
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Scammers "will use the fact that people don't know a lot about tariffs," James Lee, president of the Identity Theft Resource Center, told <a href="https://www.cnbc.com/2025/05/19/tariff-scams-red-flags.html">CNBC</a>.&nbsp;
That lack of clarity, combined with recent changes in U.S. trade deals, creates the "perfect storm for cybercriminals," said Theresa Payton, CEO of Fortalice Solutions.
<a href="https://www.benzinga.com/media/25/05/45482008/mark-cuban-slams-viral-tiktok-scammers-for-faking-shark-tank-endorsements-to-sell-products-its-messed-up-i-hope-they-get-busted">Scammers</a> are using fake emails, texts, and social media posts to impersonate government agencies, retailers, and delivery services. Their goal? To trick you into believing you owe a tariff or qualify for bogus relief payments.
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
<h2 class="wp-block-heading">The Scams to Watch For</h2>
According to cybersecurity experts and media reports, here are the most common scam types emerging:
1. Fake Package Fees
You might get an email claiming that your package is being held until you <a href="https://www.benzinga.com/markets/equities/25/05/45560388/1-items-made-outside-china-heres-how-target-has-been-tariff-proofing-its-shelves-with-price-hikes-the-very-last-resort">pay a tariff</a>. It could look like it&#8217;s from the U.S. Customs and Border Protection or a delivery company and may have a link to pay on another website.
Steve Weisman, a law professor at Bentley University and creator of Scamicide.com, <a href="https://scamicide.com/2025/04/17/scam-of-the-day-april-17-2025-the-tariff-scams-are-coming/">explains</a> this could be a scam — even if someone shows up at your door pretending to be a delivery worker. Legitimate tariffs for personal deliveries are rare and usually handled at the time of purchase.
2. ‘Tariff Relief' Offers
Emails, texts, and ads on social media platforms have offered phony "tariff relief" payments, according to CNBC. Payton told CNBC that legitimate retailers are unlikely to encourage tariff avoidance and that these scams will have a sense of urgency that pressure consumers into accepting them. Clicking those links can lead to phishing websites or marketing traps that collect your private details. The FBI warns these offers are completely fake.
3. Spoofed Government or Retail Emails
Scammers are registering fake websites with names like "U.S. Tariffs" to make their messages seem legitimate. They may even use near-identical email addresses to mimic real agencies. Cybersecurity firm <a href="https://bfore.ai/imported-risk-cybercriminals-exploit-tariff-uncertainty/">BforeAI</a> tracked around 300 suspicious domain names tied to tariff scams in the first quarter of this year.
See Also: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
<h2 class="wp-block-heading">Three Red Flags to Avoid</h2>
Experts recommend looking out for these signs:
<ul class="wp-block-list">
<li>Unsolicited and urgent messages: Be skeptical of any message urging you to "pay now to avoid tariffs" or offering immediate "relief." Real businesses don't pressure you this way.</li>
<li>Unfamiliar links or emails: Double-check email addresses, spelling errors, and URLs. If anything looks off, don't click.</li>
<li>Lack of transparency: Legitimate charges should come with clear documentation, like the official <a href="https://www.cbp.gov/trade/programs-administration/entry-summary/cbp-form-7501">CBP Form 7501</a>. If details are vague or hidden, it's likely a scam.</li>
</ul>
<h2 class="wp-block-heading">How To Stay Safe</h2>
The <a href="https://www.bbb.org/article/tips/8767-bbb-tips-10-steps-to-avoid-scams">Better Business Bureau</a> and other watchdogs recommend the following steps:
<ul class="wp-block-list">
<li>Don't share personal or financial information with unknown senders.</li>
<li>Avoid clicking on unsolicited links or attachments.</li>
<li>Verify with the company or agency through their official website — not through the message you received.</li>
<li>Report suspected scams to the <a href="https://www.bbb.org/scamtracker">BBB's Scam Tracker</a> or the FTC.</li>
</ul>
Scammers are counting on confusion to do their dirty work. By staying alert and informed, you can avoid falling for these new tariff-related traps.
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Image: Shutterstock

Personal Finance

Trump's Tariffs Could Trigger New Cybersecurity Scams – Here's What You Should Watch Out For

In the world <a href="https://www.benzinga.com/general/sports-betting">of sports betting, </a>there are bets on one team winning, bets on player props and various other options, alongside what one 24-year-old has found fame from: parlaying multiple teams to win championships.
What Happened: An unemployed 24-year-old who doesn't consider himself a big sports bettor is on pace to win a huge six-figure profit from a $13 bet placed with sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), providing the potential opposite big win from <a href="https://www.benzinga.com/news/25/06/45936603/jay-z-loses-1-million-betting-on-nba-finals-how-the-indiana-pacers-spoiled-rappers-3-33-million-payd">Jay Z&#8217;s $1 million loss. </a>
Months ago, Drew Hirschman <a href="https://dknetwork.draftkings.com/2025/06/12/massive-270k-parlay-bet-on-draftkings-sportsbook-hinges-on-thunder-oilers-championships/#:~:text=Drew%20Hirschman%2C%2024%2C%20placed%20a,Cup%20to%20cash%20the%20ticket.">placed </a>a $13 wager with the sportsbook for the following teams to win championships in their respective leagues:
<ul class="wp-block-list">
<li>Los Angeles Dodgers (MLB): Done</li>
<li>New York Liberty (WNBA): Done</li>
<li>Philadelphia Eagles (NFL): Done</li>
<li>Edmonton Oilers (NHL): In process</li>
<li>Oklahoma City Thunder (NBA): In process</li>
</ul>
Three of the five legs are complete and amazingly enough, the other two teams find themselves in the championship series, mere games away from helping cash the huge parlay.
When the wager was made, it had less than a 0.01% chance of hitting. Cashout offers from DraftKings have shown that the odds of Hirschman winning the parlay have been above 30%.
The Oilers currently trail the Florida Panthers 3-2 in the best-of-seven Stanley Cup Finals. The Oklahoma City Thunder are tied 2-2 with the Indiana Pacers in the NBA Finals.
If the Oilers and Thunder win, the bet pays out $270,761.40, a huge profit from a $13 bet.
Hirschman has received cashout offers of up to $123,000 with the most recent public amount <a href="https://x.com/DKSportsbook/status/1933570132380402134">listed </a>at $107,591.51 before the Oilers lost game five on Saturday.
The bettor can likely take a cash out offer of less than $100,000, let the bet ride or hedge his bets by placing wagers on other outcomes to secure a payout no matter what happens.
Hirschman's bet has turned to DraftKings regularly profiling his parlay and doing video interviews. Bleacher Report (@br_betting) is flying him to game locations to make betting content.
Perhaps the craziest part of the parlay is the unlikeliest leg already hit. At the time of the bet, the Dodgers were +300 to win, the Liberty were +190 and the Eagles were +1700. The remaining legs had odds of +850 for the Thunder and +850 for the Thunder.
"I got home from work and I saw Saquon (Barkley) went to the Eagles and I'm a Giants fan and I was like, ‘This guy is too talented, this team is too good, I can't imagine they don't go on a deep run.' So, I did some crafting and came up with this," Hirschman <a href="https://nypost.com/2025/06/10/betting/recent-grad-has-life-changing-270000-bet-riding-on-oilers-thunder-championships/">told </a>the New York Post.
Read Also: <a href="https://www.benzinga.com/general/sports/25/05/45303072/draftkings-q1-earnings-highlights-revenue-miss-eps-miss-guidance-cut-after-bettors-beat-the-house">DraftKings Q1 Earnings Highlights: Revenue Miss, EPS Miss, Guidance Cut After Bettors Beat The House</a>
What's Next: Hirschman's entry into sports betting content could be something to watch as he looks for a new job.
"I am currently unemployed, looking for jobs. Living with my parents in Suffern (New York). This gives me a little gap where I don't have to feel too pressured," Hirschman told the New York Post.
The bettor said he hedged his bet a "bit" with Caesars Sportsbook, wagering more than $50,000 on other outcomes.
"I definitely emptied my bank accounts."
Hirschman said his dad is a "math guy" and helped come up with a plan and helped come up with the funds.
If the Oilers come back to win the seven game series and the Thunder win two more games against the Pacers, Hirschman's parlay will cash and provide over $200,000 in profit for the recent college graduate.
"Going to max out the 401k, max out the Roth. Add to the emergency fund. Going to have a little fun. Maybe a little vacation. Bring the boys out to dinner. Bring my family out to dinner."
Hirschman said his main goal if he wins is "don't blow it."
The Thunder and Pacers meet again for game five Monday night at 8:30 p.m. in a game that will air on Walt Disney Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) ABC.
Despite the series being tied, the Thunder remain huge favorites with odds of -450 to win the series with the Pacers listed at +350.
The Oilers are the wild card for Hirschman now with odds of +280 to win the series, needing to win game six to tie the series and a win in game seven to end Canada's <a href="https://www.benzinga.com/news/sports/25/06/45783102/canadas-32-year-stanley-cup-drought-could-end-in-2025-oilers-vs-panthers-odds-schedule-how-to-watch">32-year Stanley Cup drought</a>. Game 6 for the Stanley Cup finals airs Tuesday at 8 p.m. ET on TNT and truTV, along with streaming on Max, all units of Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>).
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45325816/unfavorable-sports-outcomes-have-negatively-affected-draftkings-outlook-analyst">Unfavorable Sports Outcomes Have Negatively Affected DraftKings&#8217; Outlook: Analyst</a></li>
</ul>
Photo: Man looking at computer via Shutterstock

Sports Betting

Sports

Media

DKNG

Unemployed 24-Year-Old Nervously Awaits Potential $270K Win From $13 Bet: Here's The NHL, NBA Teams Needed To Cash Out

Roper Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) has outperformed the market over the past 15 years by 4.22% on an annualized basis producing an average annual return of 16.26%. Currently, Roper Technologies has a market capitalization of $60.74 billion. 
Buying $1000 In ROP: If an investor had bought $1000 of ROP stock 15 years ago, it would be worth $9,380.76 today based on a price of $565.66 for ROP at the time of writing.
<h3>Roper Technologies's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750113912_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.

If You Invested $1000 In This Stock 15 Years Ago, You Would Have This Much Today

Shaquille O'Neal wasn't supposed to be a doctor. Not when he was a fifth grader throwing spit wads, fighting kids, and getting suspended with the warning from his father that he was on track to be "nothing in life." Not when he was getting mocked with names like "<a href="https://www.benzinga.com/personal-finance/management/25/06/45937159/a-geek-saved-my-life-shaq-says-he-was-a-bully-with-a-stutter-nicknamed-shaquille-sasquatch-and-thought-hed-never-be-smart-enough-to-succeed">Shaquille Sasquatch</a>" and struggling to pass a government class.
But somewhere between being called a "big dummy" and becoming a four-time NBA champion, Shaq made a decision—he wasn't just going to be a baller. He was going to be the one in the boardroom who knew exactly what was going on.
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But by 2015, <a href="https://youtu.be/Mza5tTgh9hA?si=3ruv5rkBbOQKkZoI">sitting across from journalist Graham Bensinger</a>, Shaq had a very different kind of flex.
"I go to a business meeting… they talk to my guy," Shaq said. "And I found that to be disrespectful. I'm making the final decision anyway."
He didn't like being underestimated—especially not in business.
That's when O'Neal, already a multimillionaire, went back to school. First, he earned his bachelor's degree in 2000. Then he chased a master's of business administration from the University of Phoenix. His reason? Simple. He wanted respect.
"Talk to me now about the terms… about the JV… all that stuff. Talk to me about it."
And then came the PhD.
"My mom comes and she set me up. She's like, ‘You know we don't have no doctors in the family.' So I'm like, okay, I'll be back."
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
It wasn't just a flex—though getting called "Dr. O'Neal" during a parent-teacher conference certainly didn't hurt.
"I'm looking at my son, <a href="https://www.benzinga.com/personal-finance/24/08/40658562/nba-legend-shaq-tells-his-kids-in-order-to-get-my-cheese-you-have-to-present-me-with-two-degrees">and my son's looking really proud</a>—not only is he proud that I'm the Shaqster… he's proud his daddy is a doctor."
Shaq's educational journey wasn't some PR stunt. It was a tactical move by a man who once felt too shy to even try, too scared to compete with the "smart kids." He credits a high school classmate—nicknamed McDougall—for tutoring him and showing him that school wasn't the enemy.
"That nerd saved my life," he said. "Now I'm a nerd and a geek."
He leaned into it. He started sitting in business meetings and setting up what he called the "Shaq Summit," a yearly gathering of his brand partners. Some companies came ready to walk away—until they saw the vision.
See Also: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
Now? Shaq's endorsements, partnerships, and investments rake in more annually than his NBA salary ever did. But it's never been about the money.
"What motivates me is just having fun," he said. "Being in partnership with somebody really motivates me."
He's even considering law school—not to practice law, but to own the room when he launches his own law firm one day.
"If I just buy a building and put my name on it… they're gonna talk over my head. But if I also have a law degree? I'm in charge."
From spitballs to subchapter S-corps, Shaquille O'Neal didn't just rewrite the script. He rewrote the résumé. And <a href="https://www.benzinga.com/25/05/45601247/shaq-owned-155-five-guys-but-had-no-clue-how-to-run-them-so-he-turned-to-a-mcdonalds-manager-who-hooked-him-up-during-his-nba-days-into-a-partner">Dr. O'Neal is just getting started</a>.
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<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>
<li>Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">invest with $1,000 at just $0.30/share.</a></li>
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Image: Shutterstock

'Don't Talk To My Agent—Talk To Me': NBA Legend Shaq Says He Got His PhD So Executives Would Stop Talking Over His Head in Business Meetings

Corcept Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORT#NASDAQ">CORT</a>) has outperformed the market over the past 20 years by 5.45% on an annualized basis producing an average annual return of 13.86%. Currently, Corcept Therapeutics has a market capitalization of $7.52 billion. 
Buying $100 In CORT: If an investor had bought $100 of CORT stock 20 years ago, it would be worth $1,438.13 today based on a price of $70.90 for CORT at the time of writing.
<h3>Corcept Therapeutics's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750113012_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.

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