US Treasury 10 Year Note ETF (NASDAQ: UTEN)

Ultime notizie per US Treasury 10 Year Note ETF (NASDAQ:UTEN)

The Fund is a passively-managed exchange-traded fund that seeks investment results, before fees and expenses, that correspond generally to the price and yield performance of the Bloomberg US Treasury Bellwether 10Y Total Return USD Unhedged Index. Under normal market conditions, F/m Investments LLC seeks to achieve the Fund's investment objective by investing at least 80 percent of the Fund's net assets in the component securities of the Underlying Index, provided, however, that in the event that the most recently auctioned outstanding Treasury Note that matures closest to, but not beyond, 10 years from the rebalancing date is not included in the Underlying Index, then the Fund will invest at least 80 percent of its net assets in the most recently auctioned outstanding Treasury Note that matures closest to, but not beyond, 10 years from the rebalancing date. The Fund may enter into reverse repurchase agreements in amounts not exceeding one-third of the Fund's total assets.

US Treasury 10 Year Note ETF

MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) CEO James Litinsky discussed the significance of rare earths in the AI industry and how the U.S. can secure its position in the global AI race.
What Happened: On Wednesday, while speaking on the All-In podcast, Litinsky highlighted the critical role of rare earth magnets in powering the AI industry.
He explained that these magnets are essential for various AI components, including robots and drones. Litinsky also emphasized the importance of refining rare earth materials, a process that is both expensive and complex.
Litinsky, who took over MP Materials after its predecessor, Molycorp, went bankrupt, detailed the company&#8217;s journey to becoming the largest and only supplier and refiner of rare earth materials and magnet manufacturer in the U.S. 
He also discussed the recent $400 million public-private partnership with the U.S. Department of Defense and a significant deal with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
When asked why he chose to seek investment from the government instead of private markets, Litinsky pointed to Chinese mercantilism, which makes it difficult for private companies to compete.
He also discussed the need for talent in the industry, stating that MP Materials will need to hire a few thousand more people to meet its expansion plans.
See Also: <a href="https://benzinga.com/markets/macro-economic-events/25/07/46651859/trumps-new-eu-trade-deal-labeled-bad-news-by-economists-as-dow-futures-spike-over-150-points" target="_blank" rel="noopener">Trump&#8217;s New EU Trade Deal Labeled &#8216;Bad News&#8217; By Economists As Dow Futures Spike Over 150 Points</a>
Why It Matters: The significance of rare earth materials in the tech industry has been a hot topic recently. <a href="https://www.benzinga.com/markets/tech/25/07/46436493/nvidias-china-revenue-is-far-from-gone-but-it-outmaneuvered-us-for-rare-earth-in-exchange-for-ai-chips-says-craig-shapiro">China&#8217;s control over rare earth elements</a> has been a point of concern for the U.S., with the Asian nation leveraging this dominance to secure eased U.S. export controls on Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips.
However, companies like MP Materials are making significant strides to <a href="https://www.benzinga.com/markets/tech/25/07/46487121/apples-500-million-rare-earth-deal-with-mp-materials-pushes-deutsche-bank-to-triple-price-target-analyst-says-catalyst-priced-in">challenge China&#8217;s monopoly</a> on rare earth materials. MP Materials&#8217; recent deals with the Department of Defense and Apple have not only bolstered the company&#8217;s position but also sparked optimism among investors.
Price Action: MP Materials shares have declined 2.71% over the past five days but rose 1.90% in Monday's pre-market trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Winning the AI Race Part 3: Jensen Huang, Lisa Su, James Litinsky, Chase Lochmiller" width="500" height="281" src="https://www.youtube.com/embed/9WkGNe27r_Q?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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</figure>
Read Next: 
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<li><a href="https://benzinga.com/markets/tech/25/07/46651922/samsung-inks-decade-long-16-5-billion-chip-manufacturing-pact-with-mystery-tech-giant-as-it-fights-t" target="_blank" rel="noopener">Elon Musk Confirms Tesla As the Mystery Big-Tech That Signed $16.5 Billion Chip Contract With Samsung: &#8216;I Will Walk The Line Personally&#8217; To Boost Progress</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: YAKOBCHUK V on Shutterstock.com

Tech

AAPL

NVDA

MP Materials CEO James Litinsky Says US Can Beat China In AI Hardware Race—Backed By $400 Million Pentagon Deal To Secure Rare Earth Supply Chain

Wolfe Research analyst Chris Caso upgrades Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) from Peer Perform to Outperform and announces $230 price target.

News

Upgrades

Price Target

Analyst Ratings

Wolfe Research Upgrades Texas Instruments to Outperform, Announces $230 Price Target

CGI Unveils SpeedOps To Drive Agile, Efficient, And Resilient Operations Across Commercial And Public Sectors

Amazon.com&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) <a target="_blank" href="https://www.benzinga.com/topic/amazon" rel="noreferrer noopener">pricing dominance is crippling</a> PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) owned Temu&#8217;s efforts to rebuild its U.S. retail strategy after the Trump administration ended duty-free imports from China.
As Temu shifts toward sourcing from U.S. suppliers, it faces a significant hurdle: sellers won&#8217;t undercut Amazon on branded goods, fearing the loss of visibility and sales on the e-commerce giant&#8217;s platform.
Several U.S. vendors have warned Temu that it must offer materially different products, as Amazon aggressively matches or beats prices and controls the &#8220;buy box&#8221;, a critical driver of purchases, the Financial Times <a target="_blank" href="https://www.ft.com/content/f598af19-ae3b-4be5-b93b-6e5f6b2b5d06" rel="noreferrer noopener">reported</a> on Sunday.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46551942/amazons-ai-powered-cost-cuts-labor-gains-and-record-prime-day-drive-analysts-bullish-outlook" rel="noreferrer noopener">Amazon&#8217;s AI-Powered Cost Cuts, Labor Gains And Record Prime Day Drive Analyst&#8217;s Bullish Outlook</a>
Amazon&#8217;s ability to absorb losses to maintain low prices gives it an edge that smaller rivals like Temu can&#8217;t match without burning billions.
Temu&#8217;s pause in U.S. ad spending earlier this year, after dropping $1.4 billion on Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Facebook and Instagram in 2023, led to a sharp decline in engagement.
The number of monthly active users on its U.S. app plunged 54% between March and mid-July. Although it resumed advertising in late June, the platform remains defensive.
With limited control over pricing and increasing pressure from Amazon&#8217;s vast seller network, Temu is now exploring alternatives like off-brand or returned inventory, bulk discounting, and lower-fee seller incentives.
But unless its parent company, PDD, is willing to sustain steep losses, analysts say Temu must take a smarter, more differentiated approach to survive the U.S. market squeeze.
Beyond direct competition, Temu&#8217;s woes are compounded by evolving U.S. trade policy. The White House&#8217;s decision to terminate the &#8220;de minimis&#8221; rule, which previously permitted tariff-free imports valued under $800, has stripped Temu of a key cost advantage. This policy shift directly impacted Temu&#8217;s U.S. daily users, which plummeted by 58% in May, according to Sensor Tower data.
In response, Temu has significantly curtailed its U.S. ad spending and initiated a shift towards domestic fulfillment, marking China-shipped items as &#8220;out of stock&#8221; on its platform. This operational disruption exerted a tangible negative impact on PDD&#8217;s first-quarter results, with reported revenue falling short of analyst estimates and operating profit decreasing by 36% as profit margins contracted sharply.
The platform&#8217;s adjustments have been swift and substantial. Temu effectively <a target="_blank" href="https://www.benzinga.com/government/regulations/25/05/45189952/amazon-rival-pdd-holdings-temu-halts-china-to-us-shipments-amid-trumps-145-tariffs-actively-recruiting-us-sellers" rel="noreferrer noopener">halted direct shipments</a> from China to U.S. customers in May, a direct consequence of adjusting to the reintroduction of 145% tariffs and the termination of the duty-free import rule.
Currently, the platform primarily lists U.S.-shipped items, signaling a pronounced departure from its previous low-cost, China-centric supply model. Facing steep import duties, Temu briefly imposed surcharges ranging from 130% to 150% before transitioning to an &#8220;out of stock&#8221; designation for China-sourced goods.
The retailer is now aggressively recruiting U.S. sellers to maintain competitiveness, a strategy observed concurrently with rivals like Shein, which are reportedly raising prices to offset similar tariff pressures.
Despite these significant operational headwinds for Temu, PDD&#8217;s stock has demonstrated resilience, gaining over 22% year-to-date, in contrast to Amazon&#8217;s approximate 6% returns.
The ongoing recalibration of global supply chains and evolving trade policies underscore the dynamic and increasingly complex landscape for e-commerce enterprises.
Price Actions: AMZN stock is trading higher by 0.56% to $232.73 premarket at last check Monday. PDD is up 0.50%.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/07/46636565/apple-faces-existential-threat-if-it-fails-to-act-on-genai" target="_blank" rel="noreferrer noopener">Apple Faces Existential Threat If It Fails To Act On GenAI</a></li>
</ul>
Image via Shutterstock

Media

AMZN

How Amazon's Price War Is Crushing Temu's US Comeback

he permitting process for the all-weather public and industrial road will occur in 2025-2026 and further strengthens Nova's momentum as it advances the Estelle Project.
The proposed 78.5-mile long road will begin approximately 1.4 miles west of Alexander Creek and extend to the Whiskey Bravo airstrip and mineral exploration camp (Figure 1). Following the Skwentna River's northern edge before crossing to its southern side, the route is designed to allow year-round public access to lands that are currently difficult to reach except by air or water.
As a company deeply committed to advancing responsible exploration and unlocking Alaska's critical mineral potential, Nova Minerals sees this project as essential infrastructure for future development in the region. With this road in place, not only will essential logistics and access be significantly improved, but new opportunities are expected to also arise for Alaskan families, local businesses, and resource developers alike.
Highlights
<ul>
<li>The Alaska Industrial Development and Export Authority (AIDEA) has submitted its application to the U.S. Army Corps of Engineers for the permitting of the West Susitna Access Road, which will occur in 2025/2026.</li>
<li>The West Susitna Access Road is a critical infrastructure project, consisting of a 78.5-mile all-weather road for both public and industrial use (Figure 1). It is intended to support the Estelle Project and the surrounding region and is expected to lower barriers to resource development, substantially reduce the cost of mining in the West Susitna region, and enhance local access and economic opportunities.</li>
<li>The road will connect to a separate road project being led by the Alaska Department of Transportation &amp; Public Facilities (ADOT&amp;PF) that will extend 22-miles of new public and industry road surface west from the existing road system and will include a large bridge across the Susitna River.</li>
<li>The ADOT&amp;PF project is scheduled to begin construction in late 2025 and to be fully constructed by 2026/2027.</li>
<li>Pursuant to Executive Order 14153, the Governor of Alaska has requested that the Assistant Secretary of the Army for Civil Works render "all assistance" required to obtain the necessary approvals for the project.</li>
<li>Pursuant to Executive Order 14241, the Governor has also requested that the project be deemed a "priority project" and placed on an expediated permitting schedule, as well as emergency approval pursuant to section 2 of Executive Order 14156, as the project is important to Alaska, the Nation, and the future of the Nation's energy dominance and national security.</li>
</ul>

Commodities

Markets

General

Nova Minerals Announced That The Alaska Industrial Development And Export Authority Has Submitted Its Application To The U.S. Army Corps Of Engineers For The Permitting Of The West Susitna Access Road

The new hub will serve as a regional center for the integration and delivery of SuperX's core AI Server and HVDC products, with a projected annual capacity of 10,000 high-performance AI servers to meet accelerating demand in Japan.
SINGAPORE, July 28, 2025 /PRNewswire/ -- Super X AI Technology Limited (NASDAQ:<a href="https://www.benzinga.com/stock/SUPX#NASDAQ">SUPX</a>) ("the Company" or "SuperX"), a leading provider of AI infrastructure solutions, today announced a major strategic expansion of its global supply chain and service capabilities with the planned establishment of its first regional supply center in Japan by its wholly-owned subsidiary in Singapore, SuperX Industries Pte. Ltd. The Company has secured a lease for the facility, with operations expected to commence by the end of the second half of 2025.
The center is expected to be a key node for delivering SuperX's one-stop AI data center solutions to Japan and the surrounding region. SuperX's offerings encompass end-to-end services, from advanced solution design and planning to cost-effective product integration, rapid delivery, and operational support. The new facility in Japan will focus on the final assembly, system integration, and rigorous quality control of the Company's branded core products—including high-performance AI servers, high-voltage direct current (HVDC) power systems, and high-density liquid cooling solutions—to provide Japanese customers with accelerated delivery and localized support.

SUPX

Super X AI Technology Expands Global Supply Chain And Service Capabilities With Planned Establishment Of Regional Supply Center In Japan By Its Singapore Subsidiary

New Gold (TSX:<a class="ticker" href="https://www.benzinga.com/stock/NGD#TSX">NGD</a>) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $0.10 by 10 percent. This is a 450 percent increase over earnings of $0.02 per share from the same period last year. The company reported quarterly sales of $308.400 million which missed the analyst consensus estimate of $319.962 million by 3.61 percent. This is a 41.34 percent increase over sales of $218.200 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

TSX:NGD

New Gold Q2 Adj. EPS $0.11 Beats $0.10 Estimate, Sales $308.400M Miss $319.962M Estimate

New Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NGD#AMEX">NGD</a>) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $0.09 by 19.57 percent. This is a 450 percent increase over earnings of $0.02 per share from the same period last year. The company reported quarterly sales of $308.400 million which missed the analyst consensus estimate of $323.700 million by 4.73 percent. This is a 41.34 percent increase over sales of $218.200 million the same period last year.

New Gold Q2 Adj. EPS $0.11 Beats $0.09 Estimate, Sales $308.400M Miss $323.700M Estimate

HC Wainwright &amp; Co. analyst Raghuram Selvaraju assumes Ultragenyx Pharmaceutical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RARE#NASDAQ">RARE</a>) with a Buy rating and announces Price Target of $80.

Initiation

RARE

HC Wainwright & Co. Assumes Ultragenyx Pharmaceutical at Buy, Announces Price Target of $80

Artificial intelligence tools may accelerate task completion, but they don&#8217;t automatically boost productivity unless companies fundamentally redesign how work gets done, according to Ramine Tinati, lead at Accenture PLC&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) APAC Center for Advanced AI.
What Happened: Speaking at Fortune&#8217;s Brainstorm AI Singapore <a href="https://fortune.com/asia/2025/07/28/ai-might-make-workers-faster-not-more-productive/">conference</a> last week, Tinati challenged the post-ChatGPT corporate frenzy to integrate AI into workflows. 
&#8220;If you give employees a tool to do things faster, they do it faster. But are they more productive? Probably not, because they do it faster and then go for coffee breaks,&#8221; Tinati explained.
The comments highlight a critical disconnect between AI adoption and measurable business outcomes as companies pour billions into generative AI infrastructure. 
Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has committed over $100 billion to AI investments, while Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) allocated $80 billion for AI data centers <a href="https://www.benzinga.com/markets/tech/25/07/46460054/cathie-wood-says-ai-is-hurting-entry-level-jobs-offers-advice-to-jobseekers-here-is-her-advice-for-those-joining-the-workforce">despite cutting 9,000 jobs this year</a>.
Tinati emphasized that genuine productivity gains require &#8220;reinventing the work&#8221; rather than simply accelerating existing processes. He noted some Asian companies lag in AI adoption because &#8220;they don&#8217;t think about reinventing the work.&#8221;
Singapore&#8217;s Home Team Science and Tech Agency reported a 200% improvement in information extraction processes, according to Chief AI Officer Chee Wee Ang, according to the Fortune report. The government agency, which handles national security tech development, uses AI for tasks previously impossible, including responding to new crime types.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/07/46654181/alibaba-cloud-pioneer-says-he-doesnt-like-agi-asi-classifications-it-just-means-you-get-more-capability-thats-it" target="_blank" rel="noreferrer noopener">Alibaba Cloud Pioneer Says He Doesn't Like AGI, ASI Classifications: ‘It Just Means You Get More Capability. That's It'</a>
Why It Matters: The productivity debate intensifies as unemployment among recent college graduates climbed from 4% to 6.3%, according to ARK Invest CEO Cathie Wood, who cited AI&#8217;s <a href="https://www.benzinga.com/markets/tech/25/07/46460054/cathie-wood-says-ai-is-hurting-entry-level-jobs-offers-advice-to-jobseekers-here-is-her-advice-for-those-joining-the-workforce">disruptive impact on entry-level positions</a>. 
Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) CTO Shyam Sankar countered that AI creates &#8220;superpowers&#8221; for workers, making them &#8220;50 times more productive&#8221; rather than <a href="https://www.benzinga.com/markets/tech/25/07/46593814/palantirs-shyam-shankar-says-ai-wont-kill-jobs-itll-give-blue-collar-workers-superpowers-and-make-them-50x-more-productive">merely 50% more efficient</a>.
Amazon CEO Andy Jassy recently warned that AI will shrink corporate workforces, with former VP Ethan Evans stating the company &#8220;won&#8217;t keep everyone&#8221; despite new AI projects <a href="https://www.benzinga.com/markets/equities/25/06/46110289/amazon-ceo-andy-jassy-warns-of-ai-driven-workforce-reduction-amzn-wont-keep-everyone-says-ex-vp-ethan-evans-in-warning-to-employees">generating over 1,000 services in developmen</a>t.
The challenge extends beyond individual companies. Economist Craig Shapiro predicts AI could disrupt 25% of all jobs by 2030, a structural shift that traditional Federal Reserve <a href="https://www.benzinga.com/markets/tech/25/07/46460054/cathie-wood-says-ai-is-hurting-entry-level-jobs-offers-advice-to-jobseekers-here-is-her-advice-for-those-joining-the-workforce">interest rate tools cannot address</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/education/25/07/46652824/mark-cuban-says-its-not-the-students-at-fault-but-the-school-if-answers-can-be-generated-with-ai-kids-take-path-of-least-resistance" target="_blank" rel="noreferrer noopener">Mark Cuban Says It's Not The Students At Fault But The School If Answers Can Be Generated With AI: Kids Take ‘Path Of Least Resistance'</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: Shutterstock

MSFT

PLTR

AI Speeds Up Work—But Just Leads To Coffee Breaks, Says Accenture Exec Who Urges Reinventing Roles, Not Just Tools

<a href="https://www.infosys.com/">Infosys</a> (NSE: INFY) (BSE: INFY) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>), a global leader in digital services and consulting, today announced a strategic collaboration with <a href="https://apc01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.rwe.com%2Fen%2F&amp;data=05%7C02%7Cmelvin.alex%40infosys.com%7C1d9715f9f8a546d96c4008ddc2dcaa78%7C63ce7d592f3e42cda8ccbe764cff5eb6%7C0%7C0%7C638880975185382984%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=2bIZL6qgiI03eAIgMDCrzCfpq2FSyAS7D0465YavdNU%3D&amp;reserved=0">RWE,</a>&nbsp;a German multinational energy company, to drive automated digital workplace transformation and improve operational efficiency. Leveraging <a href="https://www.infosys.com/services/microsoft-cloud-business/offerings/workplace-suite.html">Infosys Workplace Suite,</a>&nbsp;an amalgamation of tools and accelerators that help enterprises drive adoption of Digital Workplace Services, the collaboration will implement solutions that automate processes and enable self-service options, supporting RWE's ongoing efforts to drive operational excellence.
&nbsp;
Infosys has collaborated with RWE as a trusted partner for over 12 years, supporting numerous modernization and business transformation initiatives. Leveraging this extensive experience and its expertise in complex digital workplace transformations, Infosys is working closely with RWE to modernize its workplace with a strong focus on user centricity and sustainability. Building on this extensive experience and its expertise in managing complex digital workplace transformations, Infosys will guide RWE towards a modern workplace, placing user centricity and sustainability at the heart of its approach. This transformation will use tools like migration factory for automated Office 365 migration, collaboration apps, business dashboards and reports, Azure-powered conversational bot, service request automation, and governance solutions. These tools will support RWE in streamlining business operations and enhancing the employee experience.

INFY

Infosys Teams Up With German Energy Giant RWE to Boost Efficiency With AI-Powered Workplace Tools

KKR, a leading global investment firm, announced today that it will launch its tender offer ("Tender Offer") for the common shares and share acquisition rights, etc. of Topcon Corporation ("Topcon" or the "Company"; TSE stock code 7732). The Tender Offer will be made through TK Co., Ltd. ("Offeror"), an entity owned by the investment funds managed by KKR. The Tender Offer will commence on July 29, 2025 and will run until September 9, 2025.
The Offeror will commence the Tender Offer to acquire all outstanding common shares and share acquisition rights (excluding treasury shares held by Topcon) with a tender offer price of JPY 3,300 per common share and JPY 193,400 per 7th Series Share Acquisition Right.1
Topcon is a global leader in the manufacturing of technology, leveraging its strengths in optical technology and precision measurement technology since its founding. Topcon is expanding its business globally with its unique DX solutions that combine advanced technologies such as IoT platforms and AI. Topcon is pursuing its long-term vision leading up to its 100th anniversary in 2032, and the Company has been implementing its "Mid-Term Management Plan 2025" covering the fiscal years 2023–2025. Under this plan, Topcon has pursued sustainable business growth and improved profitability by deepening its orientation towards customers, and as the next step, the Company aims to evolve into "New Topcon 2.0," a business structure that will further accelerate the competitiveness of the Topcon Group.

KKR Launches Bid to Buy All Shares of Japanese Tech Firm Topcon in $3.3K-Per-Share Offer

JP Morgan analyst Matthew Boss upgrades Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) from Neutral to Overweight and raises the price target from $64 to $93.

JP Morgan Upgrades Nike to Overweight, Raises Price Target to $93

Hedge fund manager Bill Smead of Smead Capital has revealed that his firm has fully exited its position in Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) last quarter, citing valuation concerns tied to Warren Buffett's impending departure from the firm.
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/BRK-B" target="_blank" rel="noreferrer noopener">BRK-B stock here.</a>
What Happened: On Saturday, Smead announced that his fund had sold the entirety of its Berkshire stake last quarter. &#8220;We sold the last of our Berkshire,&#8221; he said, while appearing on CNBC&#8217;s &#8220;The Exchange.&#8221; 
&#8220;The reason is, there was a premium associated with him [Warren Buffett] being deeply involved in most every aspect of the major investments,&#8221; Smead says, referring to Buffett announcing that he would be <a href="https://www.benzinga.com/news/management/25/05/45199066/berkshire-hathaway-stock-falls-following-buffetts-retirement-as-ceo">stepping down as CEO</a>, during the company&#8217;s 60th Annual Shareholders Meeting in May.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46648212/marjorie-taylor-greenes-berkshire-hathaway-investment-falters-after-she-bought-the-shares-at-april-lows-what-if-she-had-chosen-bitcoin-instead">Marjorie Taylor Greene&#8217;s Berkshire Hathaway Investment Falters After She Bought The Shares At April Lows — What If She Had Chosen Bitcoin Instead?</a>
Besides this, Smead believes that Berkshire&#8217;s inclusion among the largest stocks in the S&amp;P 500 may become a liability in a market reversal.
He says, &#8220;The cyclically adjusted PE ratio of Schiller broke the record lately… And over the following three- and five-year periods, the S&amp;P did not make any money.&#8221; He adds that at some point, this &#8220;momentum in the S&amp;P 500 index, which has been great for 15 years, will become momentum in the wrong direction.&#8221;
That shift, Smead warned, would disproportionately affect large-cap names. &#8220;When somebody sells their position in the S&amp;P 500, it&#8217;s mainly selling the 10 largest cap companies,&#8221; he says. &#8220;And Berkshire has been dancing around that top 10 regularly.&#8221;
Despite this, Smead expressed deep respect for Buffett and his late business partner, Charlie Munger. &#8220;I admire the man immensely. I am grateful and thankful that he has been so kind and taught us all,&#8221; he said.
Regarding the company&#8217;s future, Smead says, &#8220;this is going to be a wonderful conglomerate,&#8221; but adds that it is no longer &#8220;the closed-ended company where the greatest stock picker of all time is doing his work.&#8221;
Why It Matters: Since the company&#8217;s annual shareholders meeting on May 3, when Buffett announced that he would be stepping down, handing over the reins to Greg Abel as CEO, the stock has dropped 10.3%. 
Berkshire&#8217;s cash balance now stands at $347 billion, a part of which, according to recent reports, is aimed at making acquisitions in <a href="https://www.benzinga.com/trading-ideas/rumors/25/07/46557532/is-warren-buffetts-347-billion-cash-buying-railroads-heres-what-the-oracle-of-omaha-said">the railroad sector</a>. 
Price Action: Shares of Berkshire Hathaway&#8217;s Class B shares increased 0.72% on Friday, closing at $484.07, and is up 0.42% after hours.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28035838/Screenshot-2025-07-28-at-1.28.10-PM-1024x147.png" alt="" class="wp-image-1002789" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28035838/Screenshot-2025-07-28-at-1.28.10-PM-1024x147.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28035838/Screenshot-2025-07-28-at-1.28.10-PM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28035838/Screenshot-2025-07-28-at-1.28.10-PM-768x110.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28035838/Screenshot-2025-07-28-at-1.28.10-PM.png 1532w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Berkshire shares score high on Growth and Value according to Benzinga&#8217;s Edge Stock Rankings, and have a favorable price trend in the long run. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights on the stock, as well as the company. 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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</ul>
Photo Courtesy: Sergio Photone on Shutterstock.com

Equities

Berkshire Hathaway's Buffett Premium Is Fading, Says Hedge Fund Manager: 'We Sold The Last Of Our Berkshire'

Wang Jian, the founder of Alibaba Group Holding Ltd.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) cloud and AI unit, expressed that exorbitant salaries for AI talent are not essential for true innovation.
Check out the current price of <a href="https://www.benzinga.com/quote/BABA">BABA stock here</a>.&nbsp;
What Happened: In an interview with Bloomberg&#8217;s Annabelle Droulers, Jian, who established Alibaba Cloud in 2009, stated that the key to innovation lies in finding the right people rather than paying top dollar for talent.
He contrasted the approach of American tech giants, which he believes are overly focused on existing business success and average technology. Jian emphasized the importance of identifying the right talent for new business and true innovation.
Jian stated, &#8220;If it&#8217;s true innovation, that basically means talent.&#8221;
See Also: <a href="https://benzinga.com/news/politics/25/07/46650830/donald-trump-announces-15-tariff-trade-agreement-with-eu-ending-months-of-trade-uncertainty">Donald Trump Announces 15% Tariff Trade Agreement With EU, Ending Months Of Trade Uncertainty</a>
This perspective comes amid a trend of major tech companies offering substantial salaries to recruit top AI talent. Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) recently made headlines for its aggressive hiring strategy, including a $14.3 billion deal to <a href="https://www.benzinga.com/markets/tech/25/06/45919069/meta-invests-in-scale-ai-at-29-billion-valuation-taps-ceo-alexandr-wang-to-drive-internal-ai-push-as-part-of-deepening-partnership">acquire a 49% stake in Scale AI</a> and <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">$100 million signing bonuses</a> for OpenAI employees.
Why It Matters: Jian&#8217;s comments reflect a growing debate in the tech industry about the most effective approach to securing AI talent. Meta&#8217;s recent hiring spree, which has been compared to &#8220;mafioso&#8221; tactics, has sparked a <a href="https://www.benzinga.com/markets/tech/25/07/46623904/mark-zuckerbergs-mafioso-poaching-style-at-meta-sparks-ai-talent-war-sam-altman-says-bring-it-on">contentious talent war</a> in Silicon Valley.
Meanwhile, China&#8217;s AI industry is witnessing the launch of open-source AI models and consolidation among major tech players. This approach has led to China closing the gap with the US in the AI race, as noted by Nvidia&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

BABA

Alibaba Cloud Founder Says True Innovation Doesn't Need Expensive Hires As Mark Zuckerberg's Meta Rolls Out Hundred Million Dollar Packages

HC Wainwright &amp; Co. analyst Matthew Caufield maintains LENZ Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LENZ#NASDAQ">LENZ</a>) with a Buy and raises the price target from $38 to $48.

LENZ

HC Wainwright & Co. Maintains Buy on LENZ Therapeutics, Raises Price Target to $48

Acquisition combines NiCE's purpose-built CX AI platform, CXone Mpower, with the enterprise leader in conversational and agentic AI, enabling organizations to accelerate AI adoption in customer experience across the front and back office

NICE

NiCE To Acquire Cognigy For $955M To Advance Unified CX AI Platform And Accelerate AI-First Customer Experience

Equinox Gold Corp. (TSX:<a class="ticker" href="https://www.benzinga.com/stock/EQX#TSX">EQX</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQX#NYSE">EQX</a>) ("Equinox Gold" or the "Company") is pleased to provide an update from the exploration campaign at its producing El Limon Mine Complex ("El Limon") in Nicaragua. Initial results of the planned 100,000 metres of discovery and resource expansion diamond drilling at El Limon in 2025 have yielded the highest-grade gold mineralization discovered to date on the property, demonstrating significant potential to extend the mineralized corridor to both the north and west of the existing producing deposits.
El Limon Highlight Drill Results (see <a href="https://api.newsfilecorp.com/redirect/oPLeQCDRVJ">Figure 1</a> and <a href="https://api.newsfilecorp.com/redirect/OA3GNsDjyb">Table 1</a>)
<ul>
<li>36.77 grams per tonne gold ("g/t Au") over 6.9 metres estimated true width ("ETW") (EL-TMR-25-036)</li>
<li>13.93 g/t Au over 2.7 metres ETW (LIM-24-5088), 17.85 g/t Au over 3.2 metres ETW (EL-TMR-25-016)</li>
<li>22.18 g/t Au over 4.4 metres ETW (EL-TMR-25-031), 8.45 g/t Au over 3.2 metres ETW (EL-TMR-25-021)</li>
<li>13.47 g/t Au over 4.5 metres ETW (EL-TLV-25-1704), 4.55 g/t Au over 5.2 metres ETW (EL-BAB-25-150)</li>
<li>10.19 g/t Au over 6.0 metres ETW (EL-TLV-25-1706), 5.46 g/t Au over 5.0 metres ETW (EL-TLV-25-1705)</li>
<li>8.55 g/t Au over 14.6 metres ETW (EL-BAB-25-121), 27.39 g/t Au over 1.9 metres ETW (EL-TMR-25-041)</li>
<li>12.71 g/t Au over 3.7 metres ETW (EL-TLV-25-1710)</li>
</ul>

TSX:EQX

Equinox Strikes High-Grade Gold in Nicaragua, Best Results Yet at El Limon Mine

McEwen Enter LOI To Acquire Canadian Gold Corp. In All-Stock Deal, Gaining 100% Ownership Of High-Grade Tartan Mine

Sequans Communications S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>), a pioneer in adopting Bitcoin as its primary treasury reserve asset and a leading provider of cellular IoT semiconductor solutions, today announced the acquisition of an additional 755 bitcoins for approximately $88.5 million, at an average purchase price of $117,296 per bitcoin, inclusive of fees.
As of July 25, 2025, the company holds a total of 3,072 bitcoins, all acquired using the full net proceeds from the offering successfully completed on July 7, 2025. The total net investment in bitcoin amounts to approximately $358.5 million, reflecting an average acquisition price inclusive of fees of $116,690 per bitcoin.

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

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