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Wheels Up Experience

Wheels Up Experience Inc is a provider of on-demand private aviation in the United States. It is pioneering data and technology-driven solutions that connect consumers to safety-vetted and verified private aircraft. It connects private flyers to aircraft, and one another, through an open platform that enables life's most important experiences. Its offering is delivered through a mix of programmatic and charter options that strategically utilize its owned and leased aircraft fleet and an "asset-light" charter model to deliver a greater range of global travel alternatives. The company operates in a single operating and reportable segment, private aviation services. Geographically the company generates the majority of its revenue from the United States.

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Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, showed reluctance Wednesday to support a candidate against Zohran Mamdani in the New York City mayoral race, suggesting that the city must &#8220;learn the hard way&#8221; the consequences of Marxist and socialist ideologies.
What happened: In a heavily worded post on X, Winklevoss, whose company is headquartered in &#8220;The Big Apple,&#8221; noted the city's apparent willingness to embrace "anarchy and socialism."
"It&#8217;s what the people of NYC have been asking for for years and it looks like it&#8217;s what they are about to get. Trying to fight against this tide seems like throwing good money after bad," he said.
Winklevoss said the younger generation of New Yorkers is unaware of the historical failures of socialism and Marxism.&nbsp;
He drew attention to the <a href="https://www.britannica.com/topic/rock-New-York-City-1980s-overview-1371332">crack and crime epidemic</a> of the late 1980s and early 1990s, which was high during Mayor Edward I. Koch&#8217;s years and peaked during Mayor David Dinkins&#8217;s administration. He blamed the complacency of rich New Yorkers of Wall Street and their failure to counter ideological shifts.
"It appears things will have to get worse in NYC before they get better," Winklevoss remarked. "Sometimes the only way to learn something is to learn it the hard way."
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/25/06/46043263/crypto-friendly-startup-bank-circles-stock-surge-and-more-this-week-in-crypto">Crypto-Friendly Startup Bank, Circle&#8217;s Stock Surge And More: This Week In Crypto</a>
Why It Matters: Mamdani, the 33-year-old progressive state representative, <a href="https://www.benzinga.com/news/politics/25/06/46087359/zohran-mamdani-leads-nyc-mayoral-primary-a">emerged victorious</a> in the New York City Democratic mayoral primary after former Governor Andrew Cuomo conceded defeat.
His victory has sparked <a href="https://www.benzinga.com/news/politics/25/06/46107353/trump-says-democrats-have-crossed-the-line-with-zohran-mamdani-bernie-sanders-elizabeth-warren-back-new-york-mayoral-candidates-grassroots-suppo">strong political reactions</a>. While President Donald Trump dubbed his elevation as emblematic of the radical left taking over the Democratic Party, Sen. Elizabeth Warren (D-Mass.) said Mamdani's focus on public welfare would make life affordable for New Yorkers.
If elected, Mamdani would become New York's first Muslim mayor, marking a historic shift in America's financial capital.
Photo Courtesy: Ron Adar on Shutterstock.com
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News

Politics

Markets

No Point 'Fighting Against The Tide' By Opposing Zohran Mamdani, Says Gemini Co-Founder Cameron Winklevoss: 'Things Will Have To Get Worse In NYC Before They Get Better'

Investment firm Piper Sandler says that Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Robotaxi launch could disrupt the auto industry.
Check out the current price of <a href="https://benzinga.com/quote/tsla">TSLA stock here</a>.
What Happened: The firm reiterated its bullish views on Tesla stock, citing the company's work in self-driving software, Yahoo Finance reported <a href="https://finance.yahoo.com/news/teslas-robotaxi-launch-could-drive-industry-disruption-and-market-share-gain-analysts-say-133937404.html">on</a> Wednesday.
"Tesla is still the most transformative company in autos. Over time, Tesla will likely win.&#8221; Piper Sandler analyst Alexander Potter said.
The investment firm also said that as self-driving technology grows, the auto industry could face disruption in the form of lower volumes sold, more fleet utilization and a move to "service-based revenue models," the report said, which could lead to Tesla gaining ground.
Why It Matters: The bullish stance from Piper Sandler is in contrast to investment bank Goldman Sachs' views, as analysts for the firm maintained that the company's Robotaxi growth will be slow in the near term, citing delays to FSD availability, among other factors.
Analysts are also raising concerns about the company&#8217;s Robotaxi plans, with Future Fund LLC's managing director, Gary Black, slamming the "lack of constructive feedback" <a href="https://www.benzinga.com/markets/tech/25/06/46088826/gary-black-calls-out-lack-of-constructive-feedback-on-teslas-robotaxi-launch">on the Robotaxi launch</a> for Tesla, which he said was still lagging in <a href="https://www.benzinga.com/markets/tech/25/06/46087567/uber-nears-all-time-high-as-waymo-partnership-expands-to-atlanta-gary-black-calls-it-low-risk-while-tesla-lags-in-supervised-autonomy">supervised autonomy</a>.
Besides analysts, regulators are also scrutinizing the EV giant's rollout as the NHTSA said it was investigating and reviewing <a href="https://www.benzinga.com/markets/tech/25/06/46067027/tesla-robotaxi-faces-nhtsa-scrutiny-over-traffic-violations-during-austin-launch">incidents of traffic violations</a> committed by the Robotaxis during the Austin launch.
<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="203" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25235707/TSLA-JUN-26-2025-1024x203.jpg" alt="" class="wp-image-962447" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25235707/TSLA-JUN-26-2025-1024x203.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25235707/TSLA-JUN-26-2025-300x59.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25235707/TSLA-JUN-26-2025-768x152.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25235707/TSLA-JUN-26-2025-1536x304.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25235707/TSLA-JUN-26-2025.jpg 1561w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla scores well on Momentum, Quality and Growth metrics, but 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&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Photo courtesy: Tada Images / Shutterstock.com

Tech

TSLA

TSLA's Robotaxi Could Disrupt Auto Industry, Says Piper Sandler, Contrasts Goldman's Cautious View: 'Tesla Will Likely Win'

Jeff Bezos' space company, Blue Origin, has reportedly sought to capitalize on the <a href="https://www.benzinga.com/markets/tech/25/06/45880543/trump-musk-feud-likely-a-planned-strategy-says-morgan-stanley-calling-musk-and-politics-inseparable-while-staying-bullish-on-tesla">fallout between</a> President Donald Trump and Elon Musk to secure more government contracts.
What Happened: Following the dramatic split between President Trump and SpaceX CEO Musk earlier this month, Blue Origin executives have been in talks with the Trump administration, <a href="https://www.wsj.com/business/jeff-bezos-trump-blue-origin-9f5ac75b">reported</a> the Wall Street Journal, citing people familiar with the matter.
Bezos himself reportedly spoke with Trump at least twice and Blue Origin CEO Dave Limp met with Trump's chief of staff.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/46107353/trump-says-democrats-have-crossed-the-line-with-zohran-mamdani-bernie-sanders-elizabeth-warren-back-new-york-mayoral-candidates-grassroots-suppo">Trump Says Democrats Have &#8216;Crossed The Line&#8217; With Zohran Mamdani — Bernie Sanders, Elizabeth Warren Back New York Mayoral Candidate&#8217;s &#8216;Grassroots&#8217; Support</a>
As per the report, the conversations focused on persuading the administration to allocate more government contracts to Blue Origin, which has struggled to compete with SpaceX's <a href="https://www.benzinga.com/25/04/44655959/elon-musks-spacex-jeff-bezos-blue-origin-and-boeing-lockheeds-ula-bag-13-5-billion-pentagon-launch-contracts">dominance in the space industry</a>.
Last summer, Blue Origin executives expressed concerns over Musk's close ties to Trump and the potential impact on their access to <a href="https://www.benzinga.com/news/space/25/06/45840240/trump-musk-feud-fuels-spacex-rivals-space-stock-countdown">lucrative government contracts</a>, the report added.
White House and Blue Origin did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Why It&#8217;s Important: The rift between Trump and Musk began in early June after Musk criticized Trump-backed legislation and hinted at a potential new political party.
In response, Trump suggested that Musk's businesses could suffer if his companies lose government subsidies and contracts.&nbsp;
Although relations between Musk and Trump have reportedly improved, the White House has initiated a <a href="https://www.benzinga.com/news/politics/25/06/45942949/white-house-orders-scrutiny-of-spacex-contracts-even-as-trump-musk-relationship-warms-report">review of SpaceX's contracts</a> with NASA and the Department of Defense, according to Reuters.
In December last year, <a href="https://www.benzinga.com/24/12/42453807/spacex-hits-350-billion-valuation-in-insider-share-sale-ceo-elon-musk-says-no-investors-wanted-to-sell-shares">SpaceX's valuation</a> reached $350 billion following an agreement between the company and its investors to buy $1.25 billion worth of insider shares.
Photo Courtesy: JennLShoots on Shutterstock.com
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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.

Media

Jeff Bezos And Blue Origin Engaged With Trump Administration For Government Contracts Amid Elon Musk's Rift With The President: Report

Hinge founder Justin McLeod says Silicon Valley's push to offer artificial-intelligence &#8220;friends&#8221; risks worsening, not curing, the loneliness crisis and likened Mark Zuckerberg's vision of AI companionship to eating junk food.
What Happened: &#8220;He [Zuckerberg] said we're going to give them AI chatbots. That he believes that AI chatbots can become your friends. I think that's honestly an extraordinarily reductive view of what a friendship is," McLeod <a href="https://www.theverge.com/decoder-podcast-with-nilay-patel/687683/hinge-ceo-justin-mcleod-dating-app-ai-relationships-tinder">told</a> Nilay Patel on The Verge's Decoder podcast.
&#8220;The most rewarding parts of being in a friendship are being able to be there for someone else, to risk and be vulnerable, to share experiences with other conscious entities,&#8221; he added.
The remarks directly challenged Zuckerberg, who <a href="https://www.youtube.com/watch?t=3771&amp;v=rYXeQbTuVl0&amp;feature=youtu.be">told</a> podcaster Dwarkesh Patel last month that "the average person has demand for meaningfully more" friends and suggested AI avatars could fill the gap.
McLeod called that premise "playing with fire," warning that always-available bots will "ultimately, just like junk food, make people feel less healthy and more drained over time. It will displace the human relationships that people should be cultivating out in the real world.&#8221;
See also: <a href="https://www.benzinga.com/markets/tech/25/06/46093513/sam-altman-crushes-openai-microsoft-feud-rumors-hails-really-wonderfully-good-bond-with-satya-nadella">Sam Altman Crushes OpenAI-Microsoft Feud Rumors, Hails &#8216;Really Wonderfully Good&#8217; Bond With Satya Nadella</a>
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), which has rolled out AI characters across Facebook, Instagram and a standalone Meta AI app, says nearly a billion users now interact with its assistants each month.
Why It Matters: That said, the McLeod isn't anti-algorithm. Hinge already uses machine learning to coach users on photos and profile prompts, and McLeod said future tools will feel "much closer to a personal matchmaking service," producing curated lists of compatible matches and nudging daters before a first meeting. He compared such coaching to a trainer at the gym — for guidance, not a replacement.
Meta's been pushing hard on the AI front over the past year, including <a href="https://www.benzinga.com/media/25/03/44191670/meta-ai-assistant-may-get-paid-subscriptions-ads-llama-4-upgrade-in-the-works">additions</a> to its AI search assistant and a more recent institution of a &#8216;<a href="https://www.benzinga.com/markets/tech/25/06/45878991/mark-zuckerberg-is-handpicking-a-superintelligence-team-to-lead-metas-agi-race-after-llama-4-letdown-report">Superintelligence</a>&#8216; lab. It is also worth noting that the company had earlier tried <a href="https://www.benzinga.com/news/23/09/34969768/mark-zuckerberg-wants-you-to-have-your-own-jarvis-ai-is-coming-to-instagram-messenger-and-whatsapp">celebrity chatbots</a> that were shuttered after mixed reviews.
Photo Courtesy: Harmony Video Production on Shutterstock.com
Read next: <a href="https://www.benzinga.com/news/politics/25/06/46087132/elizabeth-warren-says-the-tax-break-for-mark-zuckerbergs-meta-is-so-bountiful-under-trumps-big-beautiful-bill-that-35-copay-from-each-american-wont-still">Elizabeth Warren Says The Tax Break For Mark Zuckerberg&#8217;s Meta Is So Bountiful Under Trump&#8217;s &#8216;Big Beautiful Bill&#8217; That $35 Copay From Each American Won&#8217;t Still Match It</a>

Mark Zuckerberg Suggested AI Avatars Could Be Your Friends, Hinge Founder Justin McLeod Says Meta CEO Is 'Playing With Fire'

Renowned television host Jim Cramer is cheering a potential mega merger between energy giants Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) and BP PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>), seeing it as a catalyst for a broader surge in deal-making activity.
What Happened: On Wednesday, Cramer posted on X, forecasting an imminent wave of mergers and acquisitions, especially in the energy sector, calling it an &#8220;M&amp;A wave,&#8221; kick-started by Shell and BP. 
Cramer&#8217;s optimism comes amid market chatter triggered by <a href="https://www.wsj.com/business/energy-oil/shell-in-early-talks-to-acquire-rival-bp-2233591a">a</a> Wall Street Journal report suggesting that Shell was actively considering acquiring BP, creating one of the largest energy corporations in the world, which he believes would be the &#8220;most bullish thing that can happen in this market.&#8221;
See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/46071005/top-2-energy-stocks-which-could-rescue-your-portfolio-this-quarter">Top 2 Energy Stocks Which Could Rescue Your Portfolio This Quarter</a>
The host of CNBC&#8217;s Mad Money further believes that there's minimal antitrust scrutiny or political pushback in the energy sector right now, especially relative to big tech, which could make large-scale mergers easier to execute.
Shell, however, has since explicitly denied any talks of a merger being underway, with a spokesperson telling Reuters on Wednesday that &#8220;no talks are taking place&#8221; and that this was all just &#8220;further market speculation.&#8221;
The spokesperson went on to say, &#8220;As we have said many times before, we are sharply focused on capturing the value in Shell through continuing to focus on performance, discipline and simplification.&#8221;
BP, meanwhile, has remained tight-lipped, with the company&#8217;s representatives repeatedly declining to comment on the speculation.
Neither BP nor Shell immediately responded to Benzinga&#8217;s requests for a comment on this matter. The story will be updated as soon as we receive a response.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Here we go. The M&amp;A wave.. Shell might buy BP. This would e the start&#8230; It&#39;s all because there is no important governmental review. It&#39;s the most bullish thing that can happen in this market. Listen to our Investing Conference: Buy .. well why not listen!!!
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1937900530489049192?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
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Why It Matters: Talks surrounding BP&#8217;s <a href="https://www.benzinga.com/25/05/45205962/bp-stock-jumps-on-report-of-possible-acquisition-by-shell">acquisition by Shell</a> have been ongoing for quite some time, with Bloomberg having reported on it over a month ago.
If the <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46098937/shell-in-talks-to-acquire-bp-in-mega-merger-report">$80 billion deal</a> goes through, it is expected to create a European oil and gas behemoth that could rival American giants, the likes of Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>).
Price Action: Shares of BP were up 1.64% on Wednesday, trading at $30.32, and up 0.59% after hours, while Shell was down 1.00% during the day, before inching up 0.15% after hours, following the company&#8217;s denial of any such merger.
<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="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25234631/Screenshot-2025-06-26-at-9.16.16-AM-1024x147.png" alt="" class="wp-image-962437" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25234631/Screenshot-2025-06-26-at-9.16.16-AM-1024x147.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25234631/Screenshot-2025-06-26-at-9.16.16-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25234631/Screenshot-2025-06-26-at-9.16.16-AM-768x110.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25234631/Screenshot-2025-06-26-at-9.16.16-AM.png 1530w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Shell has a fairly average score on Benzinga&#8217;s Edge Stock Rankings, but has a favorable price trend in the short, medium and long term. How does it compare with BP? Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> to find out, along with deeper insights. 
Photo courtesy: katz / Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46014138/shell-ceo-warns-of-huge-impact-on-global-trade-if-the-strait-of-hormuz-is-blocked-amid-israel-iran-conflict-we-need-to-set-actions-for-a-new-reality">Shell CEO Warns Of &#8216;Huge Impact On Global Trade&#8217; If The Strait Of Hormuz Is Blocked Amid Israel-Iran Conflict: &#8216;We Need To Set Actions For A New Reality&#8217;</a></li>
</ul>

Government

SHEL

Jim Cramer Predicts 'M&A Wave' Even As Shell Denies BP Merger Deal: TV Host Says This Is The 'Most Bullish Thing' That Can Happen In This Market

Billionaire investor Tim Draper predicted Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) complete dominance over the dollar within the next five years on Wednesday, driven by what he sees as unprecedented innovation on the network.
What Happened: In an X post, Draper, a renowned venture capitalist and long-time Bitcoin advocate, highlighted the asset&#8217;s increasing market share and how innovations from other platforms have gradually migrated to Bitcoin.
&#8220;There is a gravitational pull toward Bitcoin,&#8221; he said. &#8220;All the innovation that started in altcoins (smart contracts, blockchain applications, ordinals) is moving to Bitcoin.&#8221;
He likened this phenomenon to Microsoft Corp. NASDAQ: MSFT) dominance in the operating system era, where applications like Excel and Word became standard with the tech giant, although the idea emanated from early startups.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitcoin recently hit 61% market share, up from 40% after the first boom-bust cycle and 50% after the last one. There is a gravitational pull toward Bitcoin. All the successful innovations on other platforms are being now ported to Bitcoin. This matters so much more than people…
&mdash; Tim Draper (@TimDraper) <a href="https://twitter.com/TimDraper/status/1937541293460324513?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/46077689/polymarket-reportedly-looking-to-raise-200-million-at-1b-valuation" target="_blank" rel="noreferrer noopener">Polymarket Reportedly Looking To Raise $200 Million At $1B Valuation </a>
Draper highlighted five key applications being built on Bitcoin: <a href="https://www.benzinga.com/money/what-is-defi">decentralized finance or DeFi</a>, smart contracts, <a href="https://www.benzinga.com/money/what-are-bitcoin-ordinals">Ordinals</a>, <a href="https://in.benzinga.com/markets/cryptocurrency/24/05/38574629/exclusive-runes-could-transform-our-understanding-of-bitcoin-experts-tell-benzinga">Runes</a>, and <a href="https://www.benzinga.com/25/04/44915034/bitcoin-sidekick-stacks-pushes-weekly-gains-to-25-as-apex-crypto-breaks-out-of-sideways-action">layer&nbsp;2 solutions</a>.
He said that entrepreneurs and programmers are favoring Bitcoin and predicted the asset to become &#8220;infinite&#8221; against the dollar in the next five years.
&#8220;When people ask what Bitcoin will be worth in 5 years, I say it will be worth one bitcoin. It may be infinite against the dollar as the dollar continues to inflate into nothingness.&#8221;
Why It Matters: While Bitcoin indeed has seen innovations, it&#8217;s worth noting that Ethereum continues to be the largest smart contract platform and a major player in the DeFi space. 
According to <a href="https://defillama.com/chains">DeFiLlama</a>, Ethereum has over $61 billion in total value locked as of this writing, head and shoulders above Bitcoin&#8217;s $6.38 billion. 
For many market observers, Bitcoin is still <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44628685/bitcoin-is-a-realistic-global-reserve-asset-experts-say">regarded as a store of value asset</a> and a digital money that can be used for transactions.
Meanwhile, a new report detailed Bitcoin&#8217;s transformation from a speculative digital experiment into a sophisticated macroeconomic asset. It highlights Bitcoin&#8217;s growing institutional maturity, structural liquidity, and macro alignment, positioning it as a serious contender on the global stage.
Price Action: At the time of writing, Bitcoin was exchanging hands at $107,888.62, up 1.26% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Photo Courtesy: Bukhta Yurii On Shutterstock.com
Read Next:&nbsp;
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<li><a href="EXCLUSIVE: Bitcoin Is HIVE's War Chest - Who Needs Bankers?">EXCLUSIVE: Bitcoin Is HIVE&#8217;s War Chest &#8211; Who Needs Bankers?</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

$BTC

Tim Draper Says This Will Be The Fate Of Bitcoin And The Dollar In 5 Years — Billionaire Highlights Apps Built On BTC That Matter

President Donald Trump said on Wednesday the United States will hold nuclear talks with Iran next week, following devastating U.S. air strikes that intelligence officials say &#8220;severely damaged&#8221; Tehran&#8217;s nuclear capabilities.
What Happened: Speaking at a NATO summit in The Hague, Trump credited Sunday&#8217;s bunker-busting bomb attacks with bringing a swift <a href="https://www.benzinga.com/news/events/25/06/46068524/israel-says-iran-broke-trump-ceasefire-orders-high-intensity-strikes-on-tehran">resolution to the 12-day Israel-Iran conflict</a>, Reuters reported. &#8220;It was very severe. It was obliteration,&#8221; Trump said, dismissing Defense Intelligence Agency assessments that Iran&#8217;s nuclear program may only be delayed by months.
Central Intelligence Agency Director John Ratcliffe confirmed the strikes &#8220;severely damaged&#8221; Iran&#8217;s nuclear program, citing &#8220;credible evidence&#8221; that key facilities were destroyed and would require years to rebuild. Israel&#8217;s nuclear agency assessed that the damage has set back Iran&#8217;s weapons development &#8220;by many years.&#8221;
The weekend operation involved <a href="https://www.benzinga.com/news/topics/25/06/46090389/palantirs-defense-chief-says-iran-nuclear-program-set-back-significantly-by-us-strikes-but-intel-split-on-how-long">seven B-2 stealth bombers</a> from Northrop Grumman Corp. targeting facilities at Fordow, Natanz, and Isfahan. Mike Gallagher, defense chief at Palantir Technologies Inc., said the strikes demonstrated capabilities &#8220;no other country in the world&#8221; possesses.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46107638/mark-zuckerbergs-meta-beats-lawsuit-over-ai-training-on-books-judge-finds-no-meaningful-evidence-on-market-dilution">Mark Zuckerberg&#8217;s Meta Beats Lawsuit Over AI Training On Books, Judge Finds &#8216;No Meaningful Evidence On Market Dilution&#8217;</a>
Why It Matters: Markets <a href="https://www.benzinga.com/markets/equities/25/06/46071676/dan-ives-says-iran-israel-ceasefire-could-be-most-bullish-outcome-yet-for-wall-street-even-as-both-sides-break-truce">responded positively to ceasefire prospects</a>. Wedbush Securities analyst Dan Ives called the Iran-Israel ceasefire &#8220;the most bullish outcome&#8221; for Wall Street, predicting 2-3% market gains. The SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) traded higher in the regular session on Wednesday.
Trump said he&#8217;s confident that Iran will pursue diplomatic reconciliation, although he provided no details on the venue or participants for next week&#8217;s talks. &#8220;I&#8217;ll tell you, the last thing they want to do is enrich anything right now. They want to recover,&#8221; Trump said, referring to uranium enrichment activities.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46107536/elizabeth-warren-blames-trumps-dumb-trade-war-for-feds-grim-outlook-the-president-is-standing-in-the-way-of-lower-rates-and-lower-costs">Elizabeth Warren Blames Trump&#8217;s &#8216;Dumb Trade War&#8217; For Fed&#8217;s Grim Outlook: The President Is &#8216;Standing In The Way Of Lower Rates And Lower Costs&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Maxim Elramsisy / Shutterstock.com

Trump Announces Iran Nuclear Talks Following US Strikes That 'Severely Damaged' Iranian Nuclear Program

World Liberty Financial, a crypto venture backed by former U.S. President Donald Trump, is set to release a stablecoin audit and launch a new application.
What Happened: The Trump family, which has a 75% claim on the venture&#8217;s net revenues, has been the subject of criticism due to potential conflicts of interest with the president&#8217;s involvement in crypto, reported Reuters.
Zak Folkman, the co-founder of the platform, said the audit would be carried out &#8220;within days.&#8221; Folkman revealed that the app would make it seamless for lay investors to use cryptocurrencies.
World Liberty Financial, which raised $550 million by selling so-called governance tokens, was taken over by the Trump family in January. The family now has a claim on 75% of net revenues from token sales and 60% from World Liberty operations once the core business gets going.
The venture is planning to release a stablecoin audit and a new application, despite not having launched a public platform and having a small staff, according to the Reuters report. The Trump family&#8217;s large share of the project&#8217;s revenues and the non-tradeable nature of the governance tokens make<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46025145/saks-stablecoin-bill-treasury-buying-trump-ties-cloud-push"> World Liberty </a>unusually centralized for the industry.
See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/06/45833498/bitcoin-ethereum-xrp-dogecoin-start-the-week-green-ahead-of-us-china-trade-talks">Bitcoin, Ethereum, XRP, Dogecoin Start The Week Green Ahead Of US-China Trade Talks &#8211; Benzinga</a>
Why It Matters: The Trump family&#8217;s involvement in the crypto industry has been a subject of much debate. The family&#8217;s business also reportedly retained an attorney to serve as an ethics adviser to &#8220;avoid any perceived conflicts of interest.&#8221;
Trump has been a vocal supporter of the crypto industry, even <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46009971/trump-cheers-incredible-stablecoin-bill-passed-by-senate-get-it-to-my-desk-asap-no-delays">lauding the Senate's passing of the stablecoin legislation</a> in June. The legislation, known as the <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45192914/us-stablecoin-legislation-will-transform-crypto-says-sui-foundations-christian-thompson">GENIUS Act</a>, establishes a regulatory framework for dollar-pegged cryptocurrencies, also known as stablecoins, in the U.S.
According to Reuters, despite drawing criticism from his political opponents and some government ethics experts, citing conflicts of interest and influence peddling, the Trump family&#8217;s investments in World Liberty tie the personal fortunes of a sitting U.S. president to an asset class that sits at the outer edges of both risk and regulation.
Notwithstanding the controversy, the Trump family&#8217;s crypto ventures have been lucrative, quickly gaining hundreds of millions of dollars. The family&#8217;s business also took a minority stake in a newly-formed bitcoin producer called <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45949846/trump-medias-bitcoin-investment-plan-gets-sec-nod-unlocking-2-3-billion-in-capital">American Bitcoin</a> in June.
Photo Courtesy: Kirill Aleksandrovich on Shutterstock.com
Read Next: <a href="https://benzinga.com/general/education/24/11/42125880/if-you-bought-1-worth-of-bitcoin-at-launch-heres-how-much-youd-have-today-2">If You Bought $1 Worth Of Bitcoin At Launch, Here&#8217;s How Much You&#8217;d Have Today &#8211; Benzinga</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump Family-Backed World Liberty Financial Plans To Launch A New App That Will Make It Easy For Lay Investors To Use Crypto

On Wednesday, Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) scored a legal victory as a federal judge ruled that the company&#8217;s use of <a href="https://www.benzinga.com/general/entertainment/23/07/33158772/sarah-silverman-and-other-authors-allege-openai-meta-wield-ai-tech-to-steal-info">copyrighted books</a> to train its AI models is protected under the fair use doctrine.
What Happened: A lawsuit filed by 13 authors, including Sarah Silverman, claimed Meta illegally used their copyrighted works to train AI models.
However, U.S. District Judge Vince Chhabria sided with Meta, granting summary judgment and stating that the company's actions fell under fair use, <a href="https://techcrunch.com/2025/06/25/federal-judge-sides-with-meta-in-lawsuit-over-training-ai-models-on-copyrighted-books/">reported</a> TechCrunch.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45988600/mark-zuckerbergs-meta-dangled-100-million-signing-bonuses-to-openai-team-members-says-sam-altman-happy-none-of-our-best-people-took-them" target="_blank" rel="noreferrer noopener">Mark Zuckerberg&#8217;s Meta Dangled ‘$100 Million Signing Bonuses&#8217; To OpenAI Team Members, Says Sam Altman: Happy ‘None&#8217; Of Our Best People Took Them</a>
&#8220;The plaintiffs presented no meaningful evidence on market dilution at all,&#8221; Judge Chhabria said. He went on to say that while the case was narrowly focused, AI model training can be deemed transformative, meaning Meta's models didn't simply replicate the authors' works.
Judge Chhabria added that this decision doesn't make all AI model training legal, but pointed out that the plaintiffs failed to make sufficient arguments about market harm.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It&#8217;s Important: The decision follows a <a href="https://www.benzinga.com/markets/tech/25/06/46088008/elon-musk-agrees-google-had-all-the-tools-but-still-lost-the-ai-race-to-openai-echoes-social-media-post-having-the-pieces-isnt-the-same-as-playing-the-game">similar ruling in favor</a> of Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) backed Anthropic, another AI company.&nbsp;
However, multiple other lawsuits are ongoing against tech firms accused of using different types of copyrighted content for AI training.
This includes The New York Times's <a href="https://www.benzinga.com/news/24/02/37121678/openai-lawsuit-judge-calls-sarah-silverman-other-authors-copyright-infringement-claim-insufficient">case against</a> OpenAI and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) over the use of its news articles, while Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Comcast Corp's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) Universal Studios have taken legal action against Midjourney for <a href="https://www.benzinga.com/news/legal/25/06/45895643/disney-universal-studios-sue-ai-image-generator-midjourney-for-copyright-infringement">allegedly training AI models</a> on movies and television content.
Price Action: Meta shares declined by 0.49% in Wednesday's regular trading and edged up by 0.017% in after-hours trading, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings show a steady upward trajectory for META over short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">Additional performance insights can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25225004/Screenshot-2025-06-26-at-8.18.07%E2%80%AFAM.png" alt="" class="wp-image-962394" /></a></figure>
Photo Courtesy: Skorzewiak on Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Legal

AMZN

CMCSA

MSFT

Mark Zuckerberg's Meta Beats Lawsuit Over AI Training On Books, Judge Finds 'No Meaningful Evidence On Market Dilution'

Bitcoin advanced while other blue-chip cryptocurrencies moved sideways on Wednesday&nbsp;as corporations continued to accumulate the apex digital asset.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 10:00 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>+1.20%</td>
<td>$107,692.70</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>-0.11%</td>
<td>$2,457.58</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>-0.78%</td>
<td>$0.1641</td>
</tr>
</tbody>
</table>
</figure>
What Happened: The leading cryptocurrency gained momentum, reclaiming $108,000 after more than a week&#8217;s absence. The trading volume popped 3.43% to $50 billion over the last 24 hours.
Anthony Pompliano&#8217;s Bitcoin treasury company ProCap BTC, LLC, bought another 1,208 BTC at an average price of $105,977, taking its total holdings to 4,932 BTC, worth $531.4 million. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We have purchased another 1,208 bitcoin. The average price was ~ $105,977 per bitcoin. We now hold a total of 4,932 bitcoin. We believe bitcoin is the new hurdle rate. If you can't beat it, you have to buy it. Full press release here: <a href="https://t.co/wHHhrYDpJD">https://t.co/wHHhrYDpJD</a> <a href="https://t.co/LJpwuoyvCe">pic.twitter.com/LJpwuoyvCe</a>
&mdash; Anthony Pompliano &#x1f32a; (@APompliano) <a href="https://twitter.com/APompliano/status/1937994001199575233?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Ethereum consolidated in the $2,400 range before gaining traction overnight to exceed $2,450. Trading volume remained tepid for the second-largest cryptocurrency.
More than $200 million was liquidated from the cryptocurrency market in the last 24 hours, with nearly $102 million in bearish shorts wiped out.
Meanwhile, Bitcoin&#8217;s open interest surged nearly 5% in the last 24 hours. A rise in open interest, combined with a price rise, is typically interpreted as a bullish signal.
The market's "Greed" sentiment strengthened from 66 to 74, 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 10:00 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Pi (PI)</td>
<td>+12.86%</td>
<td>$0.6228</td>
</tr>
<tr>
<td>Kaspa (KAS) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+4.64%</td>
<td>$0.0781</td>
</tr>
<tr>
<td>Bitget Token (BGB)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.92%</td>
<td>$4.45 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.30 trillion, following a modest increase of 0.67% in the last 24 hours.
Stocks were a mixed bag on Wednesday. The Dow Jones Industrial Average dropped 106.59 points, or 0.25%, to end at 42,982.43. The S&amp;P 500 was barely changed, ending the session at 6,092.16. The tech-heavy Nasdaq Composite rose 0.31% to end at 19,973.55.
Artificial intelligence darling NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) surged 4.33% to <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46098276/nvidia-stock-soars-near-record-high-whats-driving-the-rally#:~:text=According%20to%20data%20from%20Benzinga,52%2Dweek%20low%20of%20%2486.62.">close at a record high</a> on Wednesday, becoming the world's most valuable company.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: On-chain analytics firm Santiment highlighted a divergence in trader behavior for Bitcoin and Ethereum.
"With BTC pushing crypto&#8217;s recovery, traders are shorting (expecting a slight pullback). Meanwhile, ETH has been trailing, and traders are longing in hopes it will catch up," Santiment stated.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f4ca; Traders are pushing Bitcoin&#39;s &amp; Ethereum&#39;s funding rates in 2 directions. With <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> pushing crypto&#39;s recovery, traders are shorting (expecting a slight pullback). Meanwhile, <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> has been trailing, and traders are longing in hopes it will catch up. &#x1f517; <a href="https://t.co/TDl4zmxxnD">https://t.co/TDl4zmxxnD</a> <a href="https://t.co/miBpxw5oNi">pic.twitter.com/miBpxw5oNi</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1937923598695514430?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Widely followed cryptocurrency analyst Cas Abbé likened Bitcoin&#8217;s current price action at $108,000 to its $20,000 level in 2020.
"In 2020-21 cycle, BTC pumped 3x in just 3 months," Abbé said. "I&#8217;m not saying that BTC will pull a 3x, but there will be a similar parabolic move.
The analyst projected BTC to soar 50%-80% in the next 3-4 months before a blow-off top.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Buying <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> now is like buying BTC at $20K in 2020. I&#39;m not saying that BTC will pull a 3x, but there will be a similar parabolic move. In 2020-21 cycle, BTC pumped 3x in just 3 months. This time, I&#39;m expecting 50%-80% move within 3-4 months before a blow-off top. Make no… <a href="https://t.co/xYd5tcFgXn">pic.twitter.com/xYd5tcFgXn</a>
&mdash; Cas Abbé (@cas_abbe) <a href="https://twitter.com/cas_abbe/status/1937791511422271522?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: PeopleImages.com &#8211; Yuri A on Shutterstock.com
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46094408/how-bitcoin-is-maturing-to-a-global-liquidity-asset-report">How Bitcoin Is Maturing To A Global Liquidity Asset: Report</a></li>
</ul>

Movers

Trading Ideas

$DOGE

$ETH

NVDA

Bitcoin Tops This Key Level As Institutions Pile On, Ethereum, Dogecoin Rangebound: Analyst Says Buying BTC Now Is Like Buying It For $20,000 In 2020

Sen. Elizabeth Warren (D-Mass.) is placing the blame for the Federal Reserve&#8217;s increasingly grim economic outlook on President Donald Trump&#8217;s trade and tariff policies.
What Happened: On Wednesday, Warren posted on X, citing Fed Chair Jerome Powell&#8217;s recent Congressional testimony to argue that Trump's tariffs are driving inflation and obstructing the Federal Reserve&#8217;s much-needed monetary policy relief package.
&#8220;Chair Powell confirmed Trump's dumb trade war is driving the Fed's forecast of higher inflation,&#8221; she said, adding that &#8220;The Fed now sees slower growth AND higher prices not just this year, but for the next two years,&#8221; as a result of the administration&#8217;s tariff policies.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/46068097/elizabeth-warren-presses-marco-rubio-over-potential-500-million-usaid-diversion-to-controversial-gaza-foundation-report">Elizabeth Warren Presses Marco Rubio Over Potential $500 Million USAID Diversion To Controversial Gaza Foundation: Report</a>
Warren concludes that &#8220;Donald Trump is standing in the way of lower rates and lower costs for Americans,&#8221; while sharing a video snippet of Powell&#8217;s testimony on the matter.
In the snippet, Warren is seen asking pointed questions to Powell, starting with &#8220;What has changed in the last six months,&#8221; which has led the Fed to forecast higher inflation and unemployment rates, alongside lower economic growth than it did in December. 
Powell responded by acknowledging the role of tariffs in the Fed's updated outlook, saying that &#8220;Some of it is just taking signal from new data reports, and some of it is the possible effects in the short term of tariffs,&#8221; while adding that the Fed does not comment on the wisdom of trade policy.
&#8220;Our forecasts are very similar to what outside forecasts are,&#8221; he noted.
Warren seized on this to double down on her criticism of Trump, saying that &#8220;Donald Trump has become President, and the economy is headed down.&#8221;
She adds that the Fed sees no longer-term boost to the economy, or a drop in inflation from all of this, so &#8220;in other words,&#8221; she says, &#8220;no upside to Trump&#8217;s chaotic tariff war or his other economic policies.&#8221;
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Chair Powell confirmed Trump's dumb trade war is driving the Fed's forecast of higher inflation. The Fed now sees slower growth AND higher prices not just this year, but for the next two years. Donald Trump is standing in the way of lower rates and lower costs for Americans. <a href="https://t.co/EFqYkJI0Wv">pic.twitter.com/EFqYkJI0Wv</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1937914752304398651?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Warren, a long-time critic of the Trump administration, has come out against the latter&#8217;s economic policies over the past couple of months.
This week, she railed against the &#8220;One Big, Beautiful Bill,&#8221; which she says <a href="https://www.benzinga.com/news/politics/25/06/46087132/elizabeth-warren-says-the-tax-break-for-mark-zuckerbergs-meta-is-so-bountiful-under-trumps-big-beautiful-bill-that-35-copay-from-each-american-wont-still">offers big tax breaks</a> for companies like Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
She&#8217;s also repeatedly made calls for Congress to block Trump&#8217;s ability to <a href="https://www.benzinga.com/25/04/44782880/elizabeth-warren-says-congress-can-end-trumps-red-light-green-light-tariff-chaos-and-heres-the-plan">impose new tariffs</a> by nullifying the legal justification he is using to do so.
Last week, she warned that &#8220;The Fed is getting boxed out by the President's chaotic economic policies,&#8221; while adding that <a href="https://www.benzinga.com/news/politics/25/06/46010639/elizabeth-warren-says-americans-deserve-lower-interest-rates-but-trumps-reckless-tariffs-stand-in-the-way-the-fed-is-getting-boxed-out">Americans deserved</a> lower costs and interest rates, but were being held back by Trump and his &#8220;reckless tariffs.&#8221;
Photo courtesy: Sheila Fitzgerald / Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/personal-finance/management/25/06/46013443/elizabeth-warren-challenges-plan-to-bring-private-equity-into-401ks-citing-transparency-and-fee-concerns">Elizabeth Warren Challenges Plan To Bring Private Equity Into 401(k)s, Citing Transparency And Fee Concerns</a></li>
</ul>

Federal Reserve

Elizabeth Warren Blames Trump's 'Dumb Trade War' For Fed's Grim Outlook: The President Is 'Standing In The Way Of Lower Rates And Lower Costs'

Zohran Mamdani's <a href="https://www.benzinga.com/news/politics/25/06/46102335/democratic-party-implodes-as-maga-revolts-can-musk-yang-build-third-party">victory in the Democratic primary</a> for New York City mayor is sparking heated political reactions, with President Donald Trump condemning the win as a sign that the Democratic Party has veered too far left.
What Happened: On Tuesday evening, Mamdani, a first-term New York state lawmaker, declared victory after former Governor Andrew Cuomo conceded.
Following this, Trump took to Truth Social, criticizing <a href="https://www.benzinga.com/news/politics/25/06/46087359/zohran-mamdani-leads-nyc-mayoral-primary-andrew-cuomo-concedes-race">Mamdani's rise</a> as emblematic of the radical left taking over the Democratic Party. Trump mocked his appearance and credentials.
He also criticized the support Mamdani received from influential progressives, including Rep. Alexandria Ocasio-Cortez (D-N.Y.).
Read Also:&nbsp;<a href="https://www.benzinga.com/news/legal/25/03/44094049/cuomos-mayoral-bid-shakes-up-nyc-race-drawing-major-power-brokers-and-critics-alike" target="_blank" rel="noreferrer noopener">Cuomo's Mayoral Bid Shakes Up NYC Race, Drawing Major Power Brokers And Critics Alike</a>
&#8220;It's finally happened, the Democrats have crossed the line,&#8221; Trump posted, adding, &#8220;He looks TERRIBLE, his voice is grating, he's not very smart.&#8221;
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25214416/Screenshot-2025-06-26-at-7.14.11%E2%80%AFAM-1024x625.png" alt="" class="wp-image-962353" /><figcaption class="wp-element-caption">Source: Truth Social</figcaption></figure>
U.S. Senator Elizabeth Warren (D-Mass) took to X, formerly Twitter, and praised his campaign. &#8220;His focus on government serving the people—not billionaires—will make life more affordable for NYC,&#8221; she stated.
<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">Zohran&#39;s inspiring campaign showed what grassroots movements can achieve when we fight for bold policies. His focus on government serving the people—not billionaires—will make life more affordable for NYC. I strongly support <a href="https://twitter.com/ZohranKMamdani?ref_src=twsrc%5Etfw">@ZohranKMamdani</a>. He'll be a fantastic mayor! <a href="https://t.co/NmcdJlxOBj">https://t.co/NmcdJlxOBj</a>
&mdash; Elizabeth Warren (@ewarren) <a href="https://twitter.com/ewarren/status/1937951513021976791?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Senator Bernie Sanders (I-VT) also took to X and echoed Warren's sentiments, calling Mamdani's victory "extraordinary" and highlighting his successful challenge to the political and economic establishment.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Congratulations to Zohran Mamdani and his thousands of grassroots supporters for their extraordinary campaign. You took on the political, economic and media Establishment- and you beat them. Now it's on to victory in the general election.
&mdash; Bernie Sanders (@BernieSanders) <a href="https://twitter.com/BernieSanders/status/1937709522023227803?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
However, Senator Lindsey Graham (R-S.C.) sharply criticized the New York City Democratic Party. &#8220;You have just nominated for mayor — of one of the greatest cities in the world — a self-described socialist and a man who has defended calls for a &#8216;global intifada,'&#8221; he posted.
<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">Congratulations to the NYC Democrat Party for continuing to prove that the Democrat brand is becoming increasingly more radical. You have just nominated for mayor — of one of the greatest cities in the world — a self-described socialist and a man who has defended calls for a… <a href="https://t.co/AXMH9qh8vy">https://t.co/AXMH9qh8vy</a>
&mdash; Lindsey Graham (@LindseyGrahamSC) <a href="https://twitter.com/LindseyGrahamSC/status/1938025890488762603?ref_src=twsrc%5Etfw">June 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Graham also encouraged NYPD officers and FDNY firefighters to consider relocating to South Carolina.
<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">To NYPD officers and FDNY firefighters: if you're looking for a better place to serve where you'll be respected and appreciated, come to South Carolina!<a href="https://t.co/JDrsmDpxkW">https://t.co/JDrsmDpxkW</a>
&mdash; Lindsey Graham (@LindseyGrahamSC) <a href="https://twitter.com/LindseyGrahamSC/status/1937998105640644669?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: Mamdani declared victory in the Democratic mayoral primary Tuesday night from a Queens rooftop bar, shortly after Cuomo conceded. The final result, however, remains pending until ranked-choice votes are tallied on July 1, <a href="https://apnews.com/article/nyc-mayoral-democratic-primary-zohran-mamdani-f87ea9d5b649cea8335ca7df6399c1f0">reported</a> the Associated Press.
Positioning himself as a progressive alternative to Cuomo's law-and-order focus, Mamdani campaigned on bold proposals to ease the cost of living — including free child care and bus service, a rent freeze for regulated apartments and expanded affordable housing, funded by higher taxes on the wealthy, the report added.
Mamdani's vocal advocacy for Palestinian rights became a flashpoint in the mayoral race, with opponents — including Cuomo — attempting to portray his sharp critiques of Israel as antisemitic, the report said.
Photo: Ron Adar / Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/news/politics/25/06/45807476/mark-cuban-check-marks-elon-musks-idea-of-a-new-political-party-that-represents-the-middle" target="_blank" rel="noreferrer noopener">Mark Cuban Check Marks Elon Musk's Idea Of A New Political Party That Represents ‘The Middle'</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump Says Democrats Have 'Crossed The Line' With Zohran Mamdani — Bernie Sanders, Elizabeth Warren Back New York Mayoral Candidate's 'Grassroots' Support

On Wednesday, major U.S. indices ended the day mixed, with the Nasdaq rising 0.3% to 19,973.55. The S&amp;P 500 closed unchanged at 6,092.16, while the Dow Jones Industrial Average declined 0.25% to 42,982.43.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
NVIDIA Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
The stock closed up 4.33% at $154.31, after hitting an intraday high of $154.45 and a low of $149.26. The 52-week range stands between $86.62 and $154.45. After a plunge in January due to fears over China&#8217;s DeepSeek AI, Nvidia has not only recouped the losses but is now <a href="https://www.benzinga.com/markets/tech/25/06/46081553/nvidia-stock-forecast-trump-china-golden-cross-ai">flashing a powerful technical signal</a> that has historically preceded massive rallies. 
Micron Technology, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)
Micron&#8217;s stock ended the day down 0.52% at $127.25, with an intraday high of $127.50 and a low of $125.62. The 52-week range is $61.54 to $144.07. In the after-hours trading, the shares rose 0.9% to $128.45. The company reported <a href="https://www.benzinga.com/markets/earnings/25/06/46104401/micron-q3-earnings-revenue-eps-beat-estimates-data-center-revenue-guidance-ai-demand">third-quarter revenue</a> of $9.3 billion, beating the consensus estimate of $8.87 billion. 
See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/06/46067898/trumps-crypto-ventures-have-been-lucrative-but-adam-schiff-says-he-is-bringing-in-a-law-to-" target="_blank" rel="noreferrer noopener">Trump&#8217;s Crypto Ventures Have Been &#8216;Lucrative,&#8217; But Adam Schiff Says He Is Bringing In A Law To End &#8216;Corruption In Plain Sight&#8217;</a>
Super Micro Computer, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)
Super Micro&#8217;s stock surged 8.80% to close at $46.61. The stock hit an intraday high of $46.93 and a low of $43.12. The 52-week range is $17.25 to $96.33. The company <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46099726/super-micro-computer-smci-stock-is-surging-today-whats-going-on">announced the pricing</a> of its $2 billion convertible senior notes due 2030, which led to a recovery from a near 10% drop on Monday. 
BP PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>)
BP&#8217;s stock rose 1.64% to close at $30.32 in New York, with an intraday high of $32.94 and a low of $29.58. The 52-week range is $25.22 to $37.39. The oil company is reportedly in early-stage talks for a <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46098937/shell-in-talks-to-acquire-bp-in-mega-merger-report">historic merger</a> with Shell PLC. 
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock slid 3.79% to close at $327.55, after hitting an intraday high of $343 and a low of $320.40. The 52-week range stands between $182 and $488.54. The Elon Musk-led company reported its fifth consecutive month of <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46100260/tesla-stock-is-sliding-wednesday-whats-going-on-3">declining sales</a> in the European market. 
Benzinga&#8217;s Edge Stock Rankings show that Nvidia checks out on Short, Medium and Long Price Trends. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Find out here</a> about how rival AMD fares.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="439" height="276" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25220108/Screenshot-2025-06-26-at-11.00.49.png" alt="" class="wp-image-962363" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25220108/Screenshot-2025-06-26-at-11.00.49.png 439w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25220108/Screenshot-2025-06-26-at-11.00.49-300x189.png 300w" sizes="(max-width: 439px) 100vw, 439px" /></a></figure>
Photo: Thapana_Studio via Shutterstock
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/06/46107133/cathie-wood-doubles-down-on-shopify-buys-the-dip-dumps-4-6-million-worth-of-robinhood-stock-at-peak">Cathie Wood Doubles Down On Shopify, Buys The Dip — Dumps $4.6 Million Worth Of Robinhood Stock At Peak</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>

Equities

SMCI

Nvidia, Micron Technology, Super Micro Computer, BP And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Asset management giant&nbsp;Invesco filed for a cryptocurrency exchange-traded fund focused on Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) on Wednesday, expanding its offerings beyond Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What Happened: The proposed Invesco Galaxy Solana ETF, filed in collaboration with the Michael Novogratz-founded firm Galaxy Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLXY#NASDAQ">GLXY</a>), is slated to be listed on the Cboe BZX exchange under the ticker &#8220;QSOL,&#8221; according to an S-1 filing with the SEC.
Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) has been appointed as the administrator and cash custodian of the ETF, while Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) will be responsible for holding all of the trust&#8217;s SOL. 
Earlier this month, several&nbsp;companies seeking to launch Solana&nbsp;ETFs updated&nbsp;their filings with the SEC&nbsp;to address the regulator&#8217;s queries, according to Reuters. Bloomberg analyst&nbsp;James Seyffart&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45876315/solana-spikes-4-as-report-signals-possible-green-light-for-etf-analyst-sets-approval-odds-a">suggested </a>that the SEC "may act early" on spot Solana ETFs.
Invesco and Galaxy Digital already operate the Invesco Galaxy Bitcoin ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BTCO#BATS">BTCO</a>). Check out <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a> for the latest figures on its momentum and growth metrics, as well as how it compares to other Bitcoin ETFs.
Price Action:&nbsp; At the time of writing, SOL traded at $144.21, down 1.18%% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45960180/solana-treasury-firms-cantor-fitzgerald">Read Next:&nbsp;</a>
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45960180/solana-treasury-firms-cantor-fitzgerald">Solana Treasury Firms Get Cantor Vote Of Confidence: &#8216;We Expect Developer Growth To Continue&#8217;</a></li>
</ul>
Photo Courtesy: alfernec on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

ETFs

$SOL

Invesco Galaxy Bitcoin ETF Invesco Galaxy Bitcoin ETF

BTCO

COIN

GLXY

Michael Novogratz's Galaxy And Invesco File To Launch Solana ETF: What You Should Know About QSOL

Cathie Wood-led Ark Invest made notable trades on Wednesday, focusing on Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) and Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>). 
The Shopify Trade: Ark Invest made significant purchases of Shopify shares across multiple ETFs, including ARK Fintech Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#BATS">ARKF</a>), ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>), and ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>). The firm acquired a total of 36,058 shares of Shopify. This move aligns with Ark&#8217;s continued interest in high-growth technology and e-commerce sectors, as seen in their recent trades. On Wednesday, Shopify shares ended the day at $113.89, making the Ark transactions worth $4.11 million.
It should be noted that a day earlier, Ark <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/06/46086884/cathie-wood-drops-6-5-million-on-shop-and-abnb-betting-you-wont-stop-shopping-or-traveling">purchased $3.9 million</a> worth of Shopify shares through multiple ETFs as well. Shopify's first-quarter earnings beat analyst expectations, posting 26.8% year-over-year revenue growth despite shrinking gross margins.
The Robinhood Trade: In a contrasting move, Ark Invest sold 55,949 shares of Robinhood through ARKK. This decision comes as Robinhood&#8217;s stock trends upward, <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46102635/whats-going-on-with-robinhood-stock-today-4">reaching all-time highs</a>. The stock reached a 52-week high of $85.55 on Wednesday. For the day, Robinhood shares closed at $82.75, making the Ark transaction at $4.63 million. 
The company is expected to release its June trading metrics soon, following its annual shareholder meeting. Despite geopolitical tensions, Robinhood&#8217;s platform has shown resilience, with no major shifts in retail trading behavior, as highlighted by CEO Vlad Tenev. The executive noted that recent geopolitical tensions haven&#8217;t <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46097909/robinhood-ceo-highlights-retail-investor-interest-in-nvidia-tesla-despite-middle-east-tensions-barely-a-blip">shaken the confidence of retail traders</a> and money has continued to flow into artificial intelligence, cryptocurrencies and financial technology segments.
Other Key Trades:
<ul class="wp-block-list">
<li>Toast Inc. (TOST): Ark Invest purchased 7,970 shares for ARKF and 13,983 shares for ARKW.</li>
<li>Beam Therapeutics Inc. (BEAM): Acquired 89,345 shares for ARKK.</li>
<li>Veracyte Inc. (VCYT): Bought 50,736 shares for ARKK.</li>
<li>Twist Bioscience Corp. (TWST): Added 11,770 shares for ARKK.</li>
<li>CRISPR Therapeutics AG (CRSP): Purchased 5,955 shares for ARKK.</li>
</ul>
Benzinga's Edge Stock Rankings indicate Robinhood has Momentum in the 98th percentile. How does rival Coinbase compare? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Find out here.</a>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="445" height="278" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25211245/Screenshot-2025-06-26-at-10.12.28.png" alt="" class="wp-image-962331" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25211245/Screenshot-2025-06-26-at-10.12.28.png 445w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25211245/Screenshot-2025-06-26-at-10.12.28-300x187.png 300w" sizes="(max-width: 445px) 100vw, 445px" /></a></figure>
Photo Courtesy: Ira Lichi On Shutterstock.com
Read Next: 
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<li><a href="https://benzinga.com/crypto/cryptocurrency/25/06/46067898/trumps-crypto-ventures-have-been-lucrative-but-adam-schiff-says-he-is-bringing-in-a-law-to-" target="_blank" rel="noreferrer noopener">Trump&#8217;s Crypto Ventures Have Been &#8216;Lucrative,&#8217; But Adam Schiff Says He Is Bringing In A Law To End &#8216;Corruption In Plain Sight&#8217;</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>

ARKF

ARKK

ARKW

HOOD

SHOP

Cathie Wood Doubles Down On Shopify, Buys The Dip — Dumps $4.6 Million Worth Of Robinhood Stock At Peak

Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos is reportedly taking <a href="https://www.benzinga.com/news/23/05/32615218/jeff-bezos-the-wealthiest-groom-ever-prepares-for-a-massive-prenup-to-protect-his-138-billion-in-his">extra precautions</a> with his $233 billion net worth ahead of his upcoming wedding to Lauren Sanchez, after his $38 billion divorce from MacKenzie Scott.
What Happened: Bezos, whose wealth makes him the third richest person globally, according to the Bloomberg Billionaires <a href="https://www.bloomberg.com/billionaires/">Index</a>, has ensured his assets are legally protected with a prenuptial agreement as he prepares to marry Sanchez.
Following his <a href="https://www.benzinga.com/personal-finance/25/02/43916092/mackenzie-scott-gave-away-19-billion-of-her-38-billion-divorce-settlement-from-jeff-bezos-in-5-years-her-current-net-worth-may-shock-you">2019 divorce from Scott</a>, which was one of the most expensive in history, Bezos is reportedly keen on avoiding a similar financial loss.
Bezos and Sanchez initially planned to marry in <a href="https://www.benzinga.com/general/entertainment/24/12/42639012/inside-jeff-bezos-600m-wedding-to-lauren-sanchez-luxe-decor-stars-and-romance">Aspen during the winter of 2024</a>.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/46087635/bernie-sanders-slams-jeff-bezos-lavish-wedding-plans-demands-end-to-oligarchy-amazon-founder-pays-1-1-tax-takes-500-million-yacht-to-venice-while-kids-go-hungry">Bernie Sanders Slams Jeff Bezos&#8217; Lavish Wedding Plans, Demands &#8216;End&#8217; To Oligarchy: Amazon Founder Pays 1.1% Tax, Takes $500 Million Yacht To Venice While Kids Go Hungry</a>
However, delays related to finalizing a legal agreement reportedly postponed the wedding, with Bezos&#8217; legal team allegedly insisting he not proceed until the prenup was in place, <a href="https://www.hollywoodreporter.com/lifestyle/lifestyle-news/jeff-bezos-lauren-sanchez-wedding-inside-guide-1236293622/">reported</a> The Hollywood Reporter, citing an insider.
Previously, Bezos had strongly denied there were ever plans for an Aspen wedding, posting his rebuttal on X.
<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">Furthermore, this whole thing is completely false — none of this is happening. The old adage "don't believe everything you read" is even more true today than it ever has been. Now lies can get ALL the way around the world before the truth can get its pants on. So be careful out… <a href="https://t.co/wz2SWp6wBZ">https://t.co/wz2SWp6wBZ</a>
&mdash; Jeff Bezos (@JeffBezos) <a href="https://twitter.com/JeffBezos/status/1870833626079752672?ref_src=twsrc%5Etfw">December 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
While the exact terms of Bezos and Sanchez's prenuptial agreement remain confidential, legal experts suggest it likely includes standard components such as asset division, spousal support and inheritance provisions.
Divorce attorney Robert Cohen, who is not involved in the case, <a href="https://fortune.com/2025/06/23/jeff-bezos-prenup-wedding-lauren-sanchez-mackenzie-scott/">told</a> Fortune that the agreement aims to limit Sanchez's claims to Bezos' wealth while protecting his four children from a previous marriage.
Financial planner Chris Chen told the publication that strategies like setting up irrevocable trusts may be used to safeguard the children's financial future while still offering Sanchez a generous settlement.
Bezos' legal team is also expected to ensure the prenup is legally enforceable across all jurisdictions where he owns property or might marry — including Florida, California, Texas, D.C. and Hawaii.
Bezos' assets, including his $500 million yacht, Blue Origin and The Washington Post, are likely to be included in the terms, the report noted.
Why It&#8217;s Important: The prenuptial agreement comes after <a href="https://www.benzinga.com/personal-finance/24/03/37892348/jeff-bezos-ex-wife-mackenzie-scott-had-an-excruciating-job-making-and-selling-sandwiches-to-pay-">Bezos' previous divorce</a>, where Scott received over $38 billion in Amazon shares. Scott played a key role in Amazon's early development and continues to be a significant figure.
<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 href="https://t.co/OJWn3OOLS6">pic.twitter.com/OJWn3OOLS6</a>
&mdash; MacKenzie Scott (@mackenziescott) <a href="https://twitter.com/mackenziescott/status/1113851260040503296?ref_src=twsrc%5Etfw">April 4, 2019</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
On Wednesday, Bezos and his fiancée, journalist Sanchez, arrived in Venice to begin a multi-day celebration filled with exclusive VIP events, despite facing <a href="https://www.benzinga.com/news/entertainment/25/06/46062022/protests-rock-jeff-bezos-gondola-want-to-rent-venice-for-a-wedding-pay-more-tax">backlash from local residents</a>, reported Reuters.
Citing a source familiar with the plans, the report said that the festivities are set to begin Thursday evening with an outdoor reception at the Madonna dell&#8217;Orto.
The exact date and location of the wedding remain undisclosed, fueling speculation that the couple may have already exchanged vows in a private ceremony in the U.S., the report added.
Photo Courtesy: Loredana Sangiuliano on Shutterstock.com
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/46087132/elizabeth-warren-says-the-tax-break-for-mark-zuckerbergs-meta-is-so-bountiful-under-trumps-big-beautiful-bill-that-35-copay-from-each-american-wont-still" target="_blank" rel="noreferrer noopener">Elizabeth Warren Says The Tax Break For Mark Zuckerberg's Meta Is So Bountiful Under Trump's ‘Big Beautiful Bill' That $35 Copay From Each American Won't Still Match It</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.

Entertainment

Jeff Bezos' First Marriage Ended In A $38 Billion Divorce — Now, As The Amazon Founder Plans To Marry Lauren Sanchez, He's Reportedly Ring-Fencing His $233 Billion Fortune

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AYRO

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 11.81% on an annualized basis producing an average annual return of 26.32%. Currently, The Hartford Insurance Gr has a market capitalization of $35.23 billion. 
Buying $1000 In HIG: If an investor had bought $1000 of HIG stock 5 years ago, it would be worth $3,235.06 today based on a price of $124.00 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/2025/1750892521_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

Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) has outperformed the market over the past 5 years by 14.69% on an annualized basis producing an average annual return of 29.2%. Currently, Applied Industrial Techs has a market capitalization of $8.62 billion. 
Buying $1000 In AIT: If an investor had bought $1000 of AIT stock 5 years ago, it would be worth $3,654.41 today based on a price of $224.60 for AIT at the time of writing.
<h3>Applied Industrial Techs's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750891524_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 $1000 Invested In Applied Industrial Techs 5 Years Ago Would Be Worth Today

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