Ultime notizie per Vistra (NYSE:VST) Azioni

VISTRA CORP

Vistra

Vistra Energy is one of the largest power producers and retail energy providers in the US. Following the 2024 Energy Harbor acquisition, Vistra owns 41 gigawatts of nuclear, coal, natural gas, solar, and energy storage assets. The proposed Lotus Partners acquisition would add 2.6 GW of natural gas generation. Its retail electricity business serves 5 million customers in 20 states, including almost a third of all Texas electricity consumers. Vistra emerged from the Energy Future Holdings bankruptcy as a stand-alone entity in 2016. It acquired Dynegy in 2018.

Charging,Bull,Is,A,Bronze,Sculpture,That,Stands,On,Broadway,

Equities

Market Summary

News

Broad U.S. Equity ETFs

Futures

Markets

ETFs

General

AAPL

AMZN

GOOGL

NVDA

I rendimenti degli investimenti di Nancy Pelosi hanno superato quelli di Warren Buffett e Berkshire Hathaway negli ultimi 11 anni.

Nancy Pelosi meglio di Warren Buffett? Ecco come ha battuto l&#39;Oracolo di Omaha

Data center shutterstock_2525761293

Tech

Media

ANET

AVGO

CARR

CRWV

CSCO

MSFT

Visione ottimista sulle infrastrutture tech. L&#39;host di Mad Money cita big tech e indica settori ciclici pronti al rialzo con tregua dei dazi.

Jim Cramer controcorrente: &#34;Il boom AI non rallenta&#34;, ecco i titoli su cui punta

Hedge Funds

BBWI

CPAY

Scopri quali sono le 5 migliori azioni del portafoglio di Dan Loeb

Vistra Corp

Vasta Platform Limited - Class A Ordinary Shares

Vasta Platform Ltd

VISION TECHNOLOGY CORP by Vision Technology Corp.

Vision Technology Corp

Vast Renewables Ltd

Vast Renewables Ltd Warrants (01/07/2028)

VNV Global AB

Verastem Inc

VISTA OUTDOOR INC COM

Vestis Corp

VAST RENEWABLES LTD by Vast Renewables Limited

Vestum AB

HC Wainwright &amp; Co. analyst Scott Buck reiterates Transcat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNS#NASDAQ">TRNS</a>) with a Buy and maintains $116 price target.

Price Target

Reiteration

Analyst Ratings

TRNS

HC Wainwright & Co. Reiterates Buy on Transcat, Maintains $116 Price Target

Rocket Lab Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) announced Wednesday that the European Space Agency (ESA) chose it to <a href="https://www.benzinga.com/pressreleases/25/06/b46089628/rocket-lab-to-launch-electron-mission-for-european-space-agencys-next-generation-navigation-system">launch a dedicated Electron mission</a> for the first time, marking a key step in Europe&#8217;s future LEO-based navigation system.
Rocket Lab will launch two &#8220;Pathfinder A&#8221; satellites, developed by Thales Alenia Space and GMV, from its Launch Complex 1 by December 2025. 
These satellites will enter a 510km low Earth orbit to test LEO-PNT (Low Earth Orbit Positioning, Navigation, and Timing), a new method for delivering location and timing services.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/06/45901809/rocket-lab-launches-fourth-mission-for-japans-iqps" rel="noreferrer noopener">Rocket Lab Launches Fourth Mission For Japan&#8217;s iQPS</a>
ESA aims to evaluate how satellites in low Earth orbit can complement the existing Galileo and EGNOS systems in medium and geostationary orbits.
Rocket Lab previously supported European clients, including a whole IoT constellation for Kinéis and a wildfire detection satellite for OroraTech. Its Electron vehicle began flying European missions in 2021.
In a separate update, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/b46083542/rocket-lab-executes-responsive-reschedule-of-electron-manifest-to-launch-next-mission-in-two-days-" rel="noreferrer noopener">the company announced</a> a rapid turnaround in its Electron launch schedule. It is preparing to launch its next mission for geospatial analytics firm HawkEye 360 in just two days from Launch Complex 1 in New Zealand.
Scheduled for no earlier than Thursday, June 26 UTC, the mission, titled &#8216;Get The Hawk Outta Here&#8217;, will fly ahead of a previously planned launch that was delayed for additional system checks. This swift pivot demonstrates Rocket Lab&#8217;s agility in maintaining a demanding, back-to-back launch cadence.
The mission will carry four satellites for HawkEye 360, including three microsats under Cluster 12 to geolocate global radio frequency signals, and Kestrel-0A, an experimental satellite to test future RF capabilities.
As the third of four planned Electron launches from Launch Complex 1 this month, the mission highlights Rocket Lab&#8217;s operational flexibility and commitment to serving diverse small satellite missions.
Rocket Lab stock surged 606% in the last 12 months. The company <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45981509/rocket-labs-next-launch-in-4-days-is-rklb-ready-for-liftoff" rel="noreferrer noopener">just&nbsp;added&nbsp;two</a> new missions to its 2025 Electron launch manifest.
Rocket Lab has now secured a demand for over 20 launches in 2025. With a flawless mission success rate so far this year, CEO&nbsp;Peter Beck&nbsp;is betting big on scaling launch cadence.
Multiple analysts lifted price targets on Rocket Lab following <a target="_blank" href="https://www.benzinga.com/news/space/25/06/46002335/rocket-lab-stock-is-on-investor-radars-whats-going-on" rel="noreferrer noopener">the company&#8217;s acquisition</a> of high-performance optical systems&nbsp;producer Geost.
Rocket Lab said the acquisition positioned the company as a provider of end-to-end national security space solutions and strengthened its position for achieving the U.S. Department of Defense&#8217;s goals for resilient, proliferated space architectures, like the proposed&nbsp;Golden Dome architecture.
Price Action: RKLB shares are trading lower by 1.46% to $32.97 premarket at last check Wednesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/06/46090054/why-blackberry-shares-are-trading-higher-by-around-15-here-are-20-stocks-moving-premarket">Why BlackBerry Shares Are Trading Higher By Around 15%; Here Are 20 Stocks Moving Premarket</a></li>
</ul>
Photo by Emagnetic via Shutterstock

RKLB

Europe's Navigation Future Takes Flight With Rocket Lab Electron

Elon Musk's commercial space exploration company SpaceX launched its new Dragon spacecraft on its debut as part of <a href="https://www.benzinga.com/news/space/25/06/45943559/spacex-ax-4-launch-set-after-june-19-following-propellant-leak-delay">the Ax-4 mission</a> to the International Space Station on Tuesday.
However, the mission is also significant for India as the mission marks the first time in over 40 years that an Indian astronaut has been sent to space since 1984's Soviet Interkosmos mission, which took Indian Air Force Officer and Astronaut Rakesh Sharma to space.
Indian Astronaut Shubhanshu Shukla is a part of the 4-person crew, led by Axiom Space's Director of Human Spaceflight Peggy Whitson. The crew also includes Sławosz Uznański-Wiśniewski and Tibor Kapu. The mission comes in despite Musk's calls to <a href="https://www.benzinga.com/news/space/25/06/45923417/elon-musk-sounds-alarm-over-international-space-station-says-it-should-be-de-orbited-within-2-years">deorbit the International Space Station</a> over safety concerns.
<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">Falcon 9 launches Ax-4, Dragon's 18th human spaceflight mission <a href="https://t.co/gVnDUJFrvH">pic.twitter.com/gVnDUJFrvH</a>
&mdash; SpaceX (@SpaceX) <a href="https://twitter.com/SpaceX/status/1937803691047952437?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The crew will spend over two weeks at the ISS before coming back down to Earth after conducting over 60 experiments in Space. The mission was originally supposed to launch on June 12, but a propellant leak forced SpaceX and Axiom Space to <a href="https://www.benzinga.com/news/space/25/06/45878837/spacexs-ax-4-astronaut-mission-to-iss-delayed-over-propellant-leak-new-launch-date-yet-to-be-announced">delay the launch</a>.
A Look Back At India's Space Ventures
India has had an active space program for a while, with the country's Space Agency, ISRO, or Indian Space Research Organization, having conducted multiple successful space missions.
The country launched the Chandrayaan-1, the country's maiden lunar probe, in 2008. It was the first Spacecraft developed entirely by the country. It was inserted into the lunar orbit on November 8, 2008. ISRO launched Chandrayaan-2, which crashed on the lunar surface in 2019, as well as Chandrayaan-3, which landed on the Moon's surface in 2023.
Besides this, the country also launched the Mars Orbiter Mission, where ISRO launched its first probe towards the planet Mars in 2013. The probe has been orbiting the Red Planet since 2014, and the agency lost contact with the probe in April 2022.
The mission was India's first interplanetary spaceflight and made ISRO only the fourth Agency to send a rover to Mars.
The country also plans on launching its first-ever human space flight vehicle, the Gaganyaan-1. The spacecraft is slated to launch in 2027 and will serve as the basis of ISRO's Human Space Flight Programme.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/space/25/06/46012079/elon-musks-spacex-suffers-major-setback-as-starship-rocket-explodes-in-static-fire-test">Elon Musk&#8217;s SpaceX Suffers Major Setback As Starship Rocket Explodes In Static Fire Test</a></li>
</ul>
Photo courtesy: Shutterstock

SPACE

India May Have Been To Mars And Moon, But An Indian Hasn't Been In Space For 41 Years: Elon Musk Just Changed That

Mike Gallagher, Head of Defense at Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), said Iran&#8217;s nuclear program has been &#8220;set back significantly&#8221; following weekend U.S. military strikes on three Iranian nuclear facilities, though intelligence assessments remain conflicted over the operation&#8217;s long-term impact.
What Happened: Speaking <a href="https://www.cnbc.com/video/2025/06/24/palantirs-mike-gallagher-enforcing-a-ceasefire-will-require-a-greater-investment-of-american-power.html">on</a> CNBC, Gallagher cited early reports indicating substantial damage to Iran&#8217;s nuclear infrastructure. &#8220;The early reports indicate we&#8217;ve set back the program significantly,&#8221; said Gallagher, a former Wisconsin congressman who joined Palantir as its defense chief.
The assessment comes amid <a href="https://www.benzinga.com/news/25/06/46086403/us-attack-on-iranian-nuclear-sites-reportedly-set-tehran-back-only-a-few-months-white-house-calls-assessment-flat-out-wrong">conflicting intelligence reports</a> about Operation Midnight Hammer&#8217;s effectiveness. While the White House maintains the strikes were an &#8220;overwhelming success,&#8221; a Defense Intelligence Agency assessment suggests the damage may only delay Iran&#8217;s nuclear ambitions by &#8220;a few months, tops,&#8221; according to sources cited by CNN.
Seven B-2 stealth bombers from Northrop Grumman Corp. <a href="https://www.benzinga.com/markets/equities/25/06/46045651/northrop-grumman-jumps-5-overnight-as-b-2-bombers-return-to-missouri-after-36-hour-iran-strike-trump-says-job-well-done">conducted the 36-hour mission</a> targeting facilities at Fordow, Natanz, and Isfahan. The operation involved over 125 aircraft and guided missile submarines in what Gallagher described as demonstrating capabilities &#8220;no other country in the world&#8221; possesses.
Gallagher emphasized the strikes&#8217; broader deterrent effect, particularly regarding China. &#8220;I do think this has had a positive effect on deterrence in Indo-Pacific Command,&#8221; he said, drawing parallels to similar dynamics during Trump&#8217;s first administration.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/46087359/zohran-mamdani-leads-nyc-mayoral-primary-andrew-cuomo-concedes-race">Zohran Mamdani Leads NYC Mayoral Primary, Andrew Cuomo Concedes Race: &#8216;He Deserved It. He Won&#8217;</a>
Why It Matters: The former congressman noted that Iran&#8217;s enriched uranium stockpile reportedly remained intact, having been moved before the strikes. However, he highlighted the loss of Iranian nuclear scientists, stating Israel allegedly eliminated eight of 13 top Iranian nuclear experts, making program reconstruction more difficult.
President Donald Trump announced a ceasefire between Israel and Iran on Monday, though reports of renewed hostilities <a href="https://www.benzinga.com/news/events/25/06/46068524/israel-says-iran-broke-trump-ceasefire-orders-high-intensity-strikes-on-tehran">have raised durability concerns</a>. 
Palantir shares have surged 483% over 12 months, with the company <a href="https://www.benzinga.com/markets/equities/25/06/45988762/palantir-rejects-surveillance-claims-after-being-compared-to-nazi-collaborators-touts-pltrs-transparent-lineage">securing over $113 million in new federal contracts</a> since Trump&#8217;s inauguration, including a $795 million Defense Department agreement.
According to&nbsp;Benzinga's Edge Stock Rankings, Palantir shows strong Short-, Medium-, and Long-Term Price Trends. Here's&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">how the stock performs across other key metrics</a>. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"></a>
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="890" height="644" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25053305/image-374.png" alt="" class="wp-image-961246" style="width:449px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25053305/image-374.png 890w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25053305/image-374-300x217.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25053305/image-374-768x556.png 768w" sizes="(max-width: 890px) 100vw, 890px" /></a></figure>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46089330/bernie-sanders-slams-job-cuts-says-ai-should-give-workers-more-time-off-instead-of-throwing-you-out-on-the-street">Bernie Sanders Slams Job Cuts, Says AI Should Give Workers More Time Off: &#8216;Instead Of Throwing You Out On The Street&#8230;&#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: slyellow / Shutterstock.com

PLTR

Palantir's Defense Chief Says Iran Nuclear Program 'Set Back Significantly' By US Strikes—But Intel Split On How Long

On Tuesday, June 24, U.S. markets closed higher as investors responded positively to a ceasefire between Israel and Iran and awaited signals from the Federal Reserve. The Nasdaq 100 reached a record close, and the S&amp;P 500 neared its previous peak.
Tech shares led the rally, while energy stocks slipped on lower oil prices. Fed Chair Powell emphasized a cautious approach to rate cuts, with weakening consumer confidence adding to expectations for future easing.
In economic data, the U.S. current account deficit jumped 44% to $450.2 billion in Q1, above the prior $312 billion and slightly above forecasts. Meanwhile, home price growth slowed, with the S&amp;P Case-Shiller Index rising 3.4% in April, down from 4.1% in March.
Most S&amp;P 500 sectors ended higher on Tuesday, led by tech, communication services, and financials. Energy stocks declined, bucking the trend.
The Dow rose 1.19% to 43,089.02, the S&amp;P 500 was up 1.11% to 6,092.18, and the Nasdaq gained 1.43% to 19,912.53.
<h2 class="wp-block-heading">Asia Markets Today</h2>
On Wednesday, Japan&#8217;s Nikkei 225 closed 0.40% higher at 38,946.00, led by gains in the Real Estate, Banking, and Textile sectors.
Australia&#8217;s S&amp;P/ASX 200 was up 0.04% at 8,559.20, led by gains in the Financials, Consumer Discretionary and Utilities sectors.
India&#8217;s Nifty 50 was up 0.80% at 25,244.05, and the Nifty 500 gained 0.79% to 23,295.80.
China&#8217;s Shanghai Composite was up 1.01% at 3,455.97, and Shanghai Shenzhen CSI 300 rose 1.44% to 3,960.07.
Hong Kong&#8217;s Hang Seng closed the session 1.23% higher at 24,474.67.
<h2 class="wp-block-heading">Eurozone at 05:45 AM ET</h2>
The European STOXX 50 index was down 0.13%.
Germany&#8217;s DAX index declined 0.33%.
France&#8217;s CAC 40 slid 0.06%.
U.K.&#8217;s FTSE 100 index traded lower by 0.01%.
<h2 class="wp-block-heading">Commodities at 05:45 AM ET</h2>
Crude Oil WTI was trading higher by 1.27% at $65.19/bbl, and Brent was up 1.12% at $66.92/bbl.
Oil prices rose over 1% as U.S. demand remained firm, and a fragile ceasefire eased supply fears. Expectations of Fed rate cuts also supported the market&#8217;s demand outlook.
Natural gas fell 0.03% to $3.654.
Gold traded higher by 0.11% to $3,337.12, Silver slid 0.21% to $35.658, and Copper gained 0.24% to $4.8840.
Gold prices inched higher Wednesday as a weaker dollar offered support, offsetting pressure from easing geopolitical tensions after the Israel-Iran ceasefire. Other metals also rose slightly on a softer dollar.
<h2 class="wp-block-heading">U.S. Futures</h2>
At 05:45 AM ET, the Dow Jones futures fell 0.07%, the S&amp;P 500 declined 0.02%, and the Nasdaq 100 was up 0.06%.
<h2 class="wp-block-heading">Forex</h2>
At 05:45 AM ET, the U.S. Dollar Index gained 0.12% to 98.10, USD/JPY was up 0.50% to 145.66, and USD/AUD slid 0.08% to 1.5398.
The dollar hovered near a four-year low against the euro as easing oil prices and a shaky Middle East truce reduced inflation fears, boosting rate-cut hopes and risk appetite.
Photo via Shutterstock

Asia

Emerging Markets

Eurozone

Commodities

Forex

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Asia Up, Europe Markets Slip, Dollar Under Pressure On Increased Risk Appetite - Global Markets Today While US Slept

U.S. futures were flat on Wednesday after a positive day of trading on Tuesday. Futures of major benchmark indices were slightly positive.
Investors hoped the ceasefire between Iran and Israel would hold and help calm geopolitical tensions. President Donald Trump declared Tuesday that a ceasefire between the two adversaries was back in effect, even as reports of renewed hostilities raised doubts about its durability.
&#8220;Israel is not going to attack Iran. All planes will turn around and head home, while doing a friendly ‘Plane Wave&#8217; to Iran,&#8221; Trump posted on Truth Social, adding, &#8220;<a href="https://www.benzinga.com/news/politics/25/06/46072859/trump-says-israel-is-not-going-to-attack-iran-after-ceasefire-violation-turn-around-and-head-home">the Ceasefire is in effect!</a>&#8220;
The 10-year Treasury bond yielded 4.29% and the two-year bond was at 3.79%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 79,3% likelihood of the Federal Reserve keeping the current interest rates unchanged in its July meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.01%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.06%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.10%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.11%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Tuesday. The SPY was up 0.069% at $607.20, while the QQQ advanced 0.14% to $540.51, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Information technology, communication services, and financial stocks led the gains on Tuesday, propelling U.S. stocks higher, with the Dow Jones index climbing over 500 points.
However, energy stocks bucked the overall market trend, closing the session lower.
Separately, TD Synnex Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) reported better-than-expected earnings for the second quarter, and Nano Labs Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) shares surged 36% after announcing a $500 million convertible notes private placement for its BNB treasury strategy.
On the economic front, the U.S. current account deficit widened by 44.3% to $450.2 billion in the first quarter, exceeding market estimates, while the S&amp;P CoreLogic Case-Shiller Home Price Index saw a smaller 3.4% year-over-year increase in April.
The Dow Jones index ended 507 points or 1.19% higher at 43,089.02, whereas the S&amp;P 500 index rose 1.11% to 6,092.18. Nasdaq Composite advanced 1.43% to 19,912.53, and the small-cap gauge, Russell 2000, gained 1.34% to end at 2,161.21.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.43%</td>
<td>19,912.53</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>1.11%</td>
<td>6,092.18</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>1.19%</td>
<td>43,089.02</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.34%</td>
<td>2,161.21</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Jurrien Timmer of Fidelity Investments said in a series of X posts that the S&amp;P 500 index was rangebound as it flirts with the all-time high and is heavily dependent on the movement of the Magnificent 7 stocks.
&#8220;The correction this year held at the 2021 high, and so far the recovery has been bounded by the 2025 high. That seems like a reasonable range to me,&#8221; he said.
He also predicted that the 20% &#8216;V&#8217; shaped recovery in the index from April lows could turn &#8220;to an M from here.&#8221; He pointed out that &#8220;there are only a few historical analogs left in which the market continues to make new highs so soon after drawing down 20%.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The V-shaped recovery in April has brought the S&amp;P 500 index back to within 2% of its all-time highs, while the MSCI EAFE index is making consistent new highs. As the chart shows below, there are only a few historical analogs left in which the market continues to make new highs… <a href="https://t.co/Fu0E5Z4MQJ">pic.twitter.com/Fu0E5Z4MQJ</a>
&mdash; Jurrien Timmer (@TimmerFidelity) <a href="https://twitter.com/TimmerFidelity/status/1937511169318637675?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Talking about the market breadth, he highlighted that the market has narrowed again, with only half of the stocks in the S&amp;P 500 trading above their various moving averages.
Meanwhile, he said the Magnificent 7, which led the downside in March and April, has led the upside in May but remains below its all-time high set in December. &#8220;Given the degree of concentration of these companies, wherever the Mag 7 goes, so goes the index as a whole.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Mag 7, which led the downside in March and April, has led the upside in May but remains below its all-time high set in December. Given the degree of concentration of these companies, wherever the Mag 7 goes, so goes the index as a whole. <a href="https://t.co/0tvvI9y4aZ">pic.twitter.com/0tvvI9y4aZ</a>
&mdash; Jurrien Timmer (@TimmerFidelity) <a href="https://twitter.com/TimmerFidelity/status/1937512081429004339?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Talking about the ongoing tensions in the Middle East, Ed Yardeni said, &#8220;Any day with a ceasefire in the Middle East is a good day for stocks.&#8221;
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Wednesday:
<ul class="wp-block-list">
<li>May&#8217;s new home sales will be released at 10:00 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>General Mills Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) was up 0.094% in premarket on Wednesday as analysts expect it to report quarterly earnings of 71 cents per share on revenue of $4.59 billion, before the opening bell.</li>
<li>Paychex Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) advanced 0.27% as analysts expect it to report quarterly earnings of $1.19 per share on revenue of $1.42 billion, before the opening bell.</li>
<li>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) was 0.657% higher as analysts expect it to report quarterly earnings of $1.59 per share on revenue of $8.86 billion after the closing bell.</li>
<li>Winnebago Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) fell 0.13% as analysts expect it to report quarterly earnings of 79 cents per share on revenue of $774.81 million, before the opening bell.</li>
<li>AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) rose 1.41% after upbeat results. It sees fiscal 2027 adjusted EPS in a range of $2.80 to $3, versus the $3.72 estimate, and revenue in a range of $1.9 billion to $2 billion, versus the $1.98 billion estimate.</li>
<li>Worthington Enterprises Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) jumped 11.39% after reporting better-than-expected fourth-quarter financial results. The company reported quarterly earnings of $1.06 per share, which beat the analyst consensus estimate of 84 cents per share.</li>
<li>Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) gained 2.98% as it is set to release its month-to-date trading metrics for June this Thursday, according to an update on the company's investor relations website.</li>
<li>Quantumscape Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>) surged 30.25% after its Cobra separator process entered into baseline production.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.87% to hover around $64.93 per barrel.
Gold Spot US Dollar rose 0.03% to hover around $3,323.71 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.24% at the 98.0900 level.
Asian markets ended higher on Wednesday as Australia's ASX 200, Japan's Nikkei 225, China&#8217;s CSI 300, South Korea's Kospi, Hong Kong's Hang Seng, and India's S&amp;P BSE Sensex indices advanced. European markets were mixed in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/46068345/blackrock-bets-big-on-defense-companies-amid-escalating-geopolitical-tensions-palantir-lockheed-martin-northrop-grumman-among-stocks-in-focus">BlackRock Bets Big On Defense Companies Amid Escalating Geopolitical Tensions: Palantir, Lockheed Martin, Northrop Grumman Among Stocks In Focus</a></li>
</ul>
Photo courtesy: godongphoto / Shutterstock.com

AVAV

HOOD

PAYX

US Stocks Likely To Edge Higher As Iran-Israel Ceasefire Holds: Micron Technology, General Mills In Focus Ahead Of Earnings

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.nextracker.com&amp;esheet=54281976&amp;newsitemid=20250625294414&amp;lan=en-US&amp;anchor=Nextracker&amp;index=1&amp;md5=d56bf7d0927a01a730bc75f096b338bb">Nextracker</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>), a global leader in advanced solar energy solutions, today announced that its <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.nextracker.com%2Fnx-horizon-solar-tracker&amp;esheet=54281976&amp;newsitemid=20250625294414&amp;lan=en-US&amp;anchor=NX+Horizon%26%238482%3B+solar+trackers&amp;index=2&amp;md5=3347a71a5bda74ca84c681ebf8da5af1">NX Horizon&#x2122; solar trackers</a> will power one of Europe's largest solar projects, the 550 MW "Oricheio PPC Ptolemaida" solar PV park in Western Macedonia. Owned by Greek PPC Renewables (PPCR), a wholly owned subsidiary of utility PPC Group, the project was constructed by engineering procurement and construction (EPC) company Terna SA by repurposing the land of a former coal mine with high-performance solar energy infrastructure to generate clean, lower-cost electricity. Now in its final stage of construction, Oricheio PPC Ptolemaida is the largest single solar power project in Greece and is estimated to provide nearly 1.8% of the country's electricity per year when fully operational.

Nextracker To Power One of Europe's Largest Solar Projects on Former Greek Coal Mine

<ul>
<li>The BRUKINSA tablets have been shown to be bioequivalent to the BRUKINSA capsules based on the results of two single-dose, open-label, randomized Phase 1 crossover studies in healthy subjects. The recommended dose of BRUKINSA remains – 320 mg daily. The BRUKINSA tablets are 160 mg each, allowing patients to halve their daily pill intake and take two tablets daily. The new tablet formulation maintains BRUKINSA's dosing flexibility by providing patients and prescribers with the option of once- or twice-daily dosing and is designed to simplify management of dose reductions as per label recommendation. Additionally, the BRUKINSA tablets are smaller than the capsules and have a film coat, which makes them easier to swallow.</li>
<li>Today's announcement follows the U.S. Food and Drug Administration (FDA) approval of the new tablet formulation of BRUKINSA for all five approved indications earlier this month. In the U.S., BRUKINSA is the leader in new patient starts for chronic lymphocytic leukemia (CLL) across all lines of therapy, and for the first time, has become the overall BTK inhibitor market share leader.1</li>
</ul>

Biotech

Large Cap

Health Care

The Committee For Medicinal Products For Human Use Of The European Medicines Agency Issued A Positive Opinion Recommending Approving A New Film-coated Tablet Formulation Of BeOne Medicines' Brukinsa (Zanubrutinib) For All Approved Indications

STEC

Santech Holdings Says Total Revenues From Continuing Operations For The Six Months Ended December 31, 2024 Decreased To Nil From $17.4M YoY

<a href="https://www.globenewswire.com/Tracker?data=HDtEWk54r0OhSPTmZxzQhbihFXVAOlDizQAhsLAWmZdn2-lk-VUNETADvgCvTbAVW937XGiLG2tCvT6l4gH_Ow==">Aclarion, Inc</a>., ("Aclarion" or the "Company") (NASDAQ:<a href="https://www.benzinga.com/stock/ACON#NASDAQ">ACON</a>, ACONW)), a healthcare technology company that is leveraging biomarkers and proprietary augmented intelligence (AI) algorithms to help physicians identify the location of chronic low back pain, today announced the first patient enrollment in the CLARITY (Chronic&nbsp;Low bAck pain&nbsp;Randomized&nbsp;Independent&nbsp;Trial studY) trial evaluating Nociscan's clinical and economic value in spine surgery. The first patient was enrolled at the <a href="https://www.globenewswire.com/Tracker?data=Jy7d2HXHTb7E0LCHvjAOQNLpsrVak3ysKve7MEj1rLhSk7oTy5l-Uik_asg6cqZgXtcWfnlj3a36isxhzNvwDKu3wQn3o13eKnTWsZMGJNE=">Texas Back Institute</a>.
"Texas Back Institute has a long history of advancing spine care through clinical trial research," said Alexander Satin, MD, board-certified orthopedic spine surgeon and principal investigator for the CLARITY trial. "We have followed the advancements from Aclarion and their Nociscan platform.&nbsp;The CLARITY trial will allow us to observe patient-specific critical pain biomarker data and the relationship with surgical outcomes. Our physicians and research leaders have extensive experience treating patients with chronic low back pain and we are pleased to participate in this important trial, including enrollment of the first patient."
The CLARITY trial is a prospective, randomized multi-center study evaluating patients who are scheduled to undergo surgical treatment of 1- or 2- level discogenic low back pain. The study will enroll 300 patients at multiple high-volume sites across the US and all patients will receive a Nociscan prior to surgery. The study will be randomized at a 1:1 ratio of surgeons blinded-to-Nociscan and unblinded-to-Nociscan to guide the surgical treatment (Fusion / TDR). The primary endpoint is change in back pain as measured on a 100mm VAS Back at 12 months compared to baseline, with several secondary endpoints collected. The principal investigator for the trial is Dr. Nicholas Theodore of Johns Hopkins Medicine. Other sites that have been activated include Northwestern Medicine, Advocate Aurora Research Institute, Keck Medicine at USC and UHealth - University of Miami Health System and University of Miami Miller School of Medicine.
Chronic low back pain is a global healthcare problem with approximately 266 million people worldwide suffering from degenerative spine disease and low back pain. Aclarion's Nociscan solution is the first evidence-supported SaaS platform to noninvasively help physicians distinguish between painful and nonpainful discs in the lumbar spine. Nociscan objectively quantifies chemical biomarkers demonstrated to be associated with disc pain and has the potential to drive better surgical outcomes.

ACON

Aclarion Launches Major US Trial to Test AI Tool That Could Improve Spine Surgery for Chronic Back Pain

BYD Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC BYDDF), the Chinese electric vehicle (EV) leader, has reportedly cut back on production at its Chinese facilities due to concerns over profitability, slowing sales, and rising inventory levels.
What Happened: BYD has reduced shifts at some of its Chinese factories and halted plans to install new production lines, Reuters reported. This move indicates a potential slowdown in BYD&#8217;s rapid sales growth, which had previously allowed it to surpass Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) as the world&#8217;s largest EV manufacturer.
As per the report, the company has canceled night shifts and decreased production at some factories by at least a third of their capacity. It has also put a hold on plans to set up new production lines. These measures have been implemented at a minimum of four factories, according to sources who requested anonymity.
Despite offering significant price reductions in China, BYD is still grappling with increasing inventory levels. This has led to a slowdown in the company&#8217;s sales growth, with production growth dropping to 13% and 0.2% year-on-year in April and May, respectively.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46087914/teslas-europe-sales-slide-for-5th-straight-month-elon-musk-led-ev-giants-market-share-shrinks-to-1-3">Tesla&#8217;s Europe Sales Slide For 5th Straight Month: Elon Musk-led EV Giant&#8217;s Market Share Shrinks To 1.3%</a>
BYD, which sold 4.27 million cars last year, primarily in China, aims to achieve a nearly <a href="https://www.benzinga.com/markets/tech/25/06/45969242/elon-musk-has-a-new-problem-byd-beats-tesla-in-global-ev-sales-amid-europe-expansion">30% increase </a>in sales to 5.5 million this year.&nbsp;
Why It Matters: BYD&#8217;s decision to slow down production comes after the company faced criticism for triggering a price war in the Chinese EV market after offloading with its aggressive discounts. This led to a significant drop in BYD&#8217;s stock, which fell over 5% on the Hong Kong exchange, following a 15% plunge, as reported by <a href="https://www.benzinga.com/news/topics/25/06/45715047/byds-aggressive-pricing-triggers-ev-rat-race-stock-tumbles-authorities-voice-concern">Benzinga</a> on June 2.
Despite these setbacks, BYD managed to <a href="https://www.benzinga.com/markets/tech/25/06/45969242/elon-musk-has-a-new-problem-byd-beats-tesla-in-global-ev-sales-amid-europe-expansion">overtake Tesla in global EV sales</a> for the first time in 2024, according to the International Council on Clean Transportation.&nbsp;
The recent production slowdown at BYD&#8217;s Chinese facilities may indicate a potential shift in the company&#8217;s momentum.&nbsp;
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45969242/elon-musk-has-a-new-problem-byd-beats-tesla-in-global-ev-sales-amid-europe-expansion">Elon Musk Has A New Problem: BYD Beats Tesla In Global EV Sales Amid Europe Expansion</a></li>
</ul>
Photo courtesy: Tada Images / Shutterstock.com

BYDDF

BYDDY

TSLA

BYD Scales Back Production Amid Profit Concerns, Rising Inventory in China

Shares of BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) rose sharply in today's pre-market trading following <a href="https://www.benzinga.com/markets/earnings/25/06/46084802/blackberry-stock-climbs-after-better-than-expected-q1-report-details">first-quarter results</a>.
BlackBerry reported quarterly earnings of two cents per share, which beat the analyst consensus estimate of zero cents. Quarterly revenue of $121.7 million beat the Street estimate of $112.18 million.
The company raised its fiscal 2026 revenue guidance from a range of $504 million to $534 million to a new range of between $508 million and $538 million, versus the $513.51 million estimate.
BlackBerry shares jumped 14.7% to $4.96 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>NaaS Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) surged 40.6% to $1.08 in pre-market trading after gaining 4% on Tuesday.</li>
<li>QuantumScape Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>) gained 31.1% to $5.66 in pre-market trading after the company achieved a key 2025 milestone by successfully integrating its advanced Cobra separator process into baseline cell production.</li>
<li>Beeline Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNE#NASDAQ">BLNE</a>) gained 27.5% to $1.81 in pre-market trading after jumping 29% on Tuesday.</li>
<li>Liminatus Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIMN#NASDAQ">LIMN</a>) rose 22.5% to $32.70 in pre-market trading after jumping over 33% on Tuesday.</li>
<li>Genius Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNS#NYSE">GNS</a>) jumped 20.8% to $0.8152 in pre-market trading after gaining more than 30% on Tuesday.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) climbed 14.6% to $26.30 in pre-market trading.</li>
<li>Impact BioMedical Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBO#NYSE">IBO</a>) gained 13.2% to $0.9566 in pre-market trading after dipping 48% on Tuesday. Impact BioMedical recently announced a limited merger and share exchange agreement with Dr Ashleys.</li>
<li>UP Fintech Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) rose 14.2% to $9.30 in pre-market trading.</li>
<li>Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) gained 10.5% to $66.44 in pre-market trading as the company reported better-than-expected fourth-quarter financial results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>XTI Aerospace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTIA#NASDAQ">XTIA</a>) shares tumbled 31.2% to $1.92 in pre-market trading after the company announced the pricing of $16 million public offering.</li>
<li>Torrid Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAAS#NASDAQ">MAAS</a>) shares fell 29.2% to $3.61 in pre-market trading.</li>
<li>FAST TRACK GROUP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTRK#NASDAQ">FTRK</a>) dipped 19.2% to $2.01 in pre-market trading after dipping 60% on Tuesday.</li>
<li>OneMedNet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONMD#NASDAQ">ONMD</a>) declined 14.3% to $0.5850 in pre-market trading. OneMedNet shares jumped over 100% on Tuesday after the company entered into private placement agreements with accredited investors raising approximately $3.7 million in gross proceeds.</li>
<li>InspireMD, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSPR#NASDAQ">NSPR</a>) dipped 12.1% to $2.19 in pre-market trading after the company received FDA premarket application approval for CGuard Prime Carotid Stent System.</li>
<li>Greenlane Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) fell 11.2% to $0.0079 in pre-market trading. Greenlane announced a 1-for-750 reverse stock split, effective on June 26.</li>
<li>XTL Biopharmaceuticals Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTLB#NASDAQ">XTLB</a>) declined 11.1% to $1.16 in pre-market trading after gaining 28% on Tuesday.</li>
<li>Allot Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) fell 9% to $8.75 in pre-market trading after the company announced the pricing of underwritten public offering of ordinary shares.</li>
<li>Cidara Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDTX#NASDAQ">CDTX</a>) fell 6.6% to $43.75 in pre-market trading after the company announced the pricing of upsized public offering of common stock.</li>
<li>FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) fell 5.4% to $216.85 in pre-market trading following soft first-quarter guidance.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/46072226/top-3-real-estate-stocks-you-may-want-to-dump-in-june"> </a>
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/46072226/top-3-real-estate-stocks-you-may-want-to-dump-in-june">Top 3 Real Estate Stocks You May Want To Dump In June</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

Movers

Trading Ideas

ALLT

BLNE

CDTX

FTRK

GNLN

LIMN

Highest Performances Holdings Inc. - American Depository Shares

MAAS

NAAS

NSPR

ONMD

TIGR

XTIA

XTLB

Why BlackBerry Shares Are Trading Higher By Around 15%; Here Are 20 Stocks Moving Premarket

The White House&#8217;s deputy chief of staff,&nbsp;Stephen Miller, known for shaping the Trump administration&#8217;s stringent immigration policies, reportedly owns a significant amount of stock in ICE contractor&nbsp;Palantir Technologies Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>).
What Happened: Miller&#8217;s financial disclosures reportedly indicate that he holds up to $250,000 worth of shares in Palantir, a company that plays a crucial role in the operations of U.S. immigration officials. The investment is held in a brokerage account belonging to one of Miller&#8217;s children, raising concerns about potential conflicts of interest. The financial filings were <a href="https://www.pogo.org/investigations/stephen-miller-conflicts-of-interest">obtained </a>by the watchdog group Project on Government Oversight, which revealed the revisions as recent as June 4. 
Since the Obama era, Palantir's technology has enabled ICE to consolidate data sources to more effectively identify immigrants for arrest and deportation, with ICE calling its services "Mission Critical."
The investigation also found 11 other officials with Palantir stock holdings, though none as substantial as Miller's, the report said. Don Fox, a former acting head and former general counsel of the Office of Government Ethics, told the watchdog, "He could easily become involved in policy matters that have a direct and predictable impact on Palantir.&#8221;
Meanwhile, Homeland Security spokesperson Tricia McLaughlin dismissed the report as "very silly,&#8221; reported The Independent, while the White House said Miller has assured ethics officials he will continue to recuse himself from any matters that could affect his stock holdings.
The White House did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
SEE ALSO: <a href="https://benzinga.com/pressreleases/25/06/g46054422/blackpoint-cyber-appoints-gagan-singh-to-chief-executive-officer-and-names-jon-murchison-executive" target="_blank" rel="noreferrer noopener">Blackpoint Cyber Appoints Gagan Singh to Chief Executive Officer and Names Jon Murchison Executive Chairman &#8211; Benzinga</a> 
Why It Matters: In April, Palantir secured nearly a $30 million<a href="https://www.benzinga.com/tech/25/04/44882049/peter-thiels-palantir-bags-30-million-order-from-ice-for-immigrant-tracking-system"> contract </a>with the U.S. Immigration and Customs Enforcement (ICE) to enhance its immigration enforcement tools, focusing on tracking visa overstays and self-deportations through a system called ImmigrationOS. This deal was an expansion of an existing agreement.
Palantir has also been under scrutiny for its role in the Trump administration&#8217;s immigration policies. In June, the company&nbsp;<a href="https://www.benzinga.com/markets/equities/25/06/45988762/palantir-rejects-surveillance-claims-after-being-compared-to-nazi-collaborators-touts-pltrs-transparent-lineage">rejected allegations</a> of mass surveillance&nbsp;and compared the criticism to collaboration with Nazi Germany and South Africa&#8217;s apartheid regime. The company has been vocal about its commitment to transparency and ethical data use.
Palantir has had a very successful run on Wall Street this year. On a year-to-date basis, the stock surged 90.49%, while over the past year, it gained 483.18%, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://www.benzinga.com/news/topics/25/06/46010921/palantirs-head-of-defense-says-xi-jinping-is-decoupling-from-us-warns-america-risks-losing-leverage-if-china-tech-shift-goes-unchecked">Palantir&#8217;s Head Of Defense Says &#8216;Xi Jinping Is Decoupling From Us&#8217; — Warns America Risks Losing Leverage If China Tech Shift Goes Unchecked</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
 
<ul class="wp-block-list">
<li></li>
</ul>

Trump Advisor Stephen Miller Reportedly Holds Stake Worth Millions In ICE Contractor Palantir: 'He Could Easily...Have A Direct And Predictable Impact'

Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) Verizon Business,&nbsp;Thames Freeport, and Nokia Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) on Wednesday announced a <a href="https://www.benzinga.com/pressreleases/25/06/g46087422/verizon-business-wins-multisite-private-5g-contract-fueling-a-multibillion-dollar-regeneration-pro" target="_blank" rel="noreferrer noopener">partnership to deploy</a> Verizon Private 5G Networks across multiple key logistics, manufacturing, and innovation sites along the River Thames Estuary in U.K.&nbsp;
Verizon Private 5G Networks will serve as the technology foundation for a multiyear,&nbsp;multibillion-dollar&nbsp;operational transformation and economic revival for the region, one of the busiest maritime logistics hubs in U.K.
The Private 5G Networks buildout provides a scalable, long-term connectivity foundation for advanced data, AI, edge computing, and IoT infrastructure deployments to transform port and manufacturing operations.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/25/04/44930091/t-mobiles-long-game-five-year-price-lock-takes-a-jab-at-verizon" rel="noreferrer noopener">T-Mobile&#8217;s Long Game: Five-Year Price Lock Takes A Jab At Verizon</a>
Thames Freeport has already created 1,400 jobs and plans to reach 5,000 by 2030, focusing on high-skilled training for local communities, the company said in a press release.
The Verizon Private 5G Networks will enable advanced data and application capabilities for AI-driven data analytics, predictive maintenance, process automation, autonomous vehicle control, safety monitoring, and real-time logistics orchestration.
Nokia is the network&#8217;s sole hardware and software provider, which will incorporate the Nokia Digital Automation Cloud (DAC) platform and Nokia MX Industrial Edge (MXIE).
The Verizon Private 5G Networks will be deployed to DP World London Gateway, DP World Logistics Park, Port of Tilbury, and Ford Dagenham.
The move marks Verizon&#8217;s attempt to unlock value beyond U.S. The stock is up just 4% in the last 12 months as it grappled with weaker subscriber numbers due to competition from AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) and T-Mobile US (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>).
Verizon reported&nbsp;<a target="_blank" href="https://www.benzinga.com/25/04/44920917/verizon-struggles-with-subscriber-losses-from-price-increases-competition-and-lower-government-support" rel="noreferrer noopener">fiscal&nbsp;first-quarter</a> revenue growth of 1.5% year-over-year, reaching $33.49 billion, topping the&nbsp;analyst consensus estimate of $33.24 billion. Adjusted EPS of $1.19 topped the&nbsp;analyst&nbsp;consensus estimate of $1.15.
Total wireless service revenue was $20.8 billion, up 2.7% Y/Y.
Postpaid phone net losses were 289,000 versus 114,000 net losses Y/Y driven by price hikes, rival promotional offers, and lesser government support. Verizon attributed some of the loss to lower spending by some federal agencies.
Verizon reiterated a 2.0%-2.8% growth in wireless service revenue. It reaffirmed an adjusted EPS of $4.59-$4.73 versus consensus of $4.67.
Price action:&nbsp;On Tuesday, Verizon shares edged up 0.64%, closing the session at $42.63.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/earnings/25/04/44947739/att-adds-324-thousand-postpaid-subscribers-in-q1-outpaces-verizons-289-thousand-loss" target="_blank" rel="noreferrer noopener">AT&amp;T Adds 324 Thousand Postpaid Subscribers In Q1, Outpaces Verizon&#8217;s 289 Thousand Loss</a></li>
</ul>
Photo by Karolis Kavolelis via Shutterstock

TMUS

Verizon Teams Up With Nokia To Bring High-Tech 5G Boost To Busy British Ports

PONY

Pony.ai Says It Is Added To Nasdaq Golden Dragon China Index On June 23 As Sole Autonomous Driving Firm

Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares are inching higher in Wednesday's pre-market trading, fueled by progress on its planned spot exchange-traded fund tracking the price of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
What happened: NYSE Arca, a subsidiary of the New York Stock Exchange, submitted a proposed rule change to the SEC to list and trade shares of the Truth Social Bitcoin and Ethereum ETF.
The 19b-4 filing stated that the trust is a passive investment vehicle that seeks to reflect the price performance of the two largest cryptocurrencies by market value.&nbsp;
The trust's sponsor is Yorkville America Digital, LLC, with Foris DAX Trust Company, LLC, a Crypto.com affiliate, serving as the custodian.
The 19b-4 filing, a mandatory second step to list any ETF on Wall Street, follows the <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45953644/truth-social-etf-filing-bitcoin-ethereum">S-1 registration statement</a> filed by Trump Media last week.&nbsp;
The ETF will hold the assets in a 3:1 ratio, meaning that 75% of its assets will be invested in Bitcoin and 25% in Ether.
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: Trump Media, the parent company of Truth Social, was co-founded and <a href="https://in.benzinga.com/25/03/44268596/trumps-net-worth-plummets-by-nearly-300m-as-djt-stock-drops-to-its-lowest-since-october">majority-owned by</a> President Donald Trump.
The company has found a liking for Bitcoin, the world's largest cryptocurrency. It announced a private offering worth $2.3 billion<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"> to create a Bitcoin reserve</a>, replicating an approach <a href="https://www.benzinga.com/crypto/25/06/46089173/michael-saylor-offers-btc-credit-model-as-bill-pulte-pushes-crypto-for-fannie-mae-freddie-mac-could-bitcoin-soon-count-toward-mortgage-qualification#:~:text=His%20post%20has%20ignited%20hope,loan%20duration%2C%20and%20collateral%20coverage.">popularized</a> by Michael Saylor's Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>). The Bitcoin purchased would be held on its balance sheet alongside cash and cash equivalents.
The investment plan received a green light from the SEC last week.
Price Action:&nbsp; Shares of Trump Media were up 1.10% in pre-market trading after closing 1.79% higher at $18.21 during Friday's trading session, 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>. Year-to-date, the stock has plunged 46.60% in value.
The DJT stock exhibited low Momentum and Value scores as of this writing. Visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> to filter out the best-performing stocks in these metrics.
<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="560" height="406" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25051209/image-373.png" alt="" class="wp-image-961216" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25051209/image-373.png 560w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25051209/image-373-300x218.png 300w" sizes="(max-width: 560px) 100vw, 560px" /></a></figure>
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46087988/anthony-pompliano-says-companies-following-michael-saylors-playbook-may-have-raised-large-sums-but-they-arent-able-to-buy-bitcoin-yet-explains-why-procap-is-differ">Anthony Pompliano Says Companies Following Michael Saylor&#8217;s Playbook May Have Raised &#8216;Large Sums&#8217; But They Aren&#8217;t Able To Buy Bitcoin Yet, Explains Why ProCap Is Different </a></li>
</ul>
Image Via Shutterstock

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

Cryptocurrency

$BTC

$ETH

MSTR

Trump Media Stock Edges Higher Pre-Market After NYSE Files To List Truth Social Bitcoin And Ethereum ETF Shares

Tom Lee, head of research at Fundstrat Global Advisors, predicts that Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) (formerly MicroStrategy) could deliver superior returns compared to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) itself as the cryptocurrency rallies.
What Happened: &#8220;As Bitcoin goes up, MicroStrategy very likely goes up a lot more,&#8221; Lee said in a Wealthion interview reposted on X.
MicroStrategy transformed from a software company into one of the world&#8217;s largest corporate Bitcoin holders through an aggressive debt-fueled acquisition strategy. The company now holds 592,100 Bitcoin worth approximately $60 billion, <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46045511/strategys-michael-saylor-signals-no-halt-to-bitcoin-purchases-despite-plunge-below-100000-peter-schiff-asks-who-else-is-buying-the-dip">generating an unrealized gain of 43%</a> according to recent filings.
Lee explained the company&#8217;s innovative financing approach allows it to issue convertible bonds at &#8220;almost no interest cost&#8221; to purchase additional Bitcoin. This strategy has created a premium valuation mechanism where MicroStrategy trades based on its Bitcoin holdings rather than its legacy software business performance.
<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">Tom Lee says, &quot;As Bitcoin goes up, MicroStrategy very likely goes up a lot more.&quot; &#x1f680; <a href="https://t.co/jGcyfkL058">pic.twitter.com/jGcyfkL058</a>
&mdash; Bitcoin News (@BitcoinNews21M) <a href="https://twitter.com/BitcoinNews21M/status/1937428797050990789?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The Tyson Corner-based company recently completed a $1 billion Bitcoin purchase funded through its new Stride preferred stock offering, bringing its total cryptocurrency treasury near 600,000 coins. Executive Chairman Michael Saylor targets raising $84 billion through 2027 under the company&#8217;s &#8220;42/42&#8221; plan for <a href="https://www.benzinga.com/crypto/25/06/45990339/michael-saylors-strategy-nears-600000-bitcoin-after-1-billion-buy-funded-by-high-yield-ipo-says-td-cowen-sees-very-safe-upside">continued Bitcoin acquisitions</a>.
See Also: <a href="https://www.benzinga.com/crypto/25/06/46087264/bitcoin-ethereum-dogecoin-inch-higher-as-investors-hope-trump-brokered-iran-israel-ceasefire-holds-analyst-says-btc-needs-a-daily-close-over-108403-for-upside-to-continue">Bitcoin, Ethereum, Dogecoin Inch Higher As Investors Hope &#8216;Trump-Brokered&#8217; Iran-Israel Ceasefire Holds: Analyst Says BTC Needs A Daily Close Over $108,403 For Upside To Continue</a>
Why It Matters: TD Cowen analysts rate the securities &#8220;very safe,&#8221; noting MicroStrategy holds $63 billion in underlying Bitcoin value against $11.6 billion in total debt plus preferred stock. The firm maintains a &#8220;buy&#8221; <a href="https://www.benzinga.com/crypto/25/06/45990339/michael-saylors-strategy-nears-600000-bitcoin-after-1-billion-buy-funded-by-high-yield-ipo-says-td-cowen-sees-very-safe-upside">rating with a $590 price target</a> on MSTR shares.
Lee previously projected Bitcoin could <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45727395/tom-lee-predicts-bitcoin-to-hit-250000-by-end-of-2025-3m-long-term">reach $250,000 by end-2025</a>, citing supply scarcity with 95% of coins already mined while 95% of the world doesn&#8217;t own Bitcoin. 
Price Action: Bitcoin currently trades at $106,582, up 1.67% in 24 hours, with a market capitalization exceeding $2.1 trillion. MicroStrategy shares closed at $377.02, gaining 2.68% Tuesday and advancing 25.67% year-to-date.
MSTR currently shows a very high momentum score, reflecting strong price action and volatility across multiple timeframes. Explore Benzinga Edge Stock Rankings to <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">find similar high-momentum stocks for your portfolio</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="882" height="628" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25044202/image-372.png" alt="" class="wp-image-961174" style="width:553px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25044202/image-372.png 882w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25044202/image-372-300x214.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25044202/image-372-768x547.png 768w" sizes="(max-width: 882px) 100vw, 882px" /></a></figure>
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/06/46075421/crypto-is-macroeconomically-insignificant-yanis-varoufakis-in-2023-why-the-2023-warnings-s" target="_blank" rel="noreferrer noopener">‘Crypto Is Macroeconomically Insignificant': Yanis Varoufakis In 2023: Why The 2023 Warnings Still Resonate In 2025</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: Mamun_Sheikh / Shutterstock.com

Tom Lee Says MicroStrategy Could Outpace Bitcoin Gains: 'Goes Up A Lot More' As BTC Rallies

Consumer tech giant Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) decades-long relationship with Taiwanese contract manufacturer Foxconn is undergoing a quiet but significant transition in recent months.
Check out the current price of&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/aapl" rel="noreferrer noopener">AAPL stock here</a>.
What Happened: On the ChinaTalk podcast <a href="https://podcasts.apple.com/us/podcast/apple-in-china/id1289062927?i=1000714353237">on</a> Tuesday, journalist and author of the book Apple in China, Patrick McGee, highlighted the shift in Apple&#8217;s expansive global supply chain, which is now increasingly leaning towards Luxshare, a Chinese manufacturer.
Once mainly known for supplying Apple with its cables and other accessories, that manufacturer is now taking on some of the most complex and valuable products in the tech giant&#8217;s value chain, such as the Vision Pro.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46068152/whats-next-for-apple-chamath-palihapitiya-fires-back-dont-think-they-have-any-chance-of-anything-dismisses-glasses-and-ai-hopes">What&#8217;s Next For Apple — Chamath Palihapitiya Fires Back: &#8216;Don&#8217;t Think They Have Any Chance Of Anything,&#8217; Dismisses Glasses And AI Hopes</a>
According to McGee, this reflects a broader pivot inside Apple toward politically favored Chinese manufacturers, often referred to as the &#8220;red supply chain.&#8221; Luxshare is known for its close ties to the Chinese government and offers Apple the kind of manufacturing compliance and speed that few others can match.
&#8220;That's the rise of the red supply chain in action,&#8221; he says.
According to McGee, this is more than just a supply chain realignment. It&#8217;s a strategic recalibration in the face of rising geopolitical tension between the U.S. and China. 
&#8220;Apple thought they were wearing the pants in this relationship for the first two decades,&#8221; he says, before realizing that they were, in fact, &#8220;lured in by the siren call of an emerging superpower.&#8221;
Here, McGee is referring to the fact that Apple&#8217;s business decision for the sake of efficiency has, over the years, turned into a strategic vulnerability, with China now holding immense leverage in the relationship.
Foxconn's hold has loosened just as Luxshare and other Chinese firms, backed by favorable policy and massive state support, have scaled into national champions. &#8220;Luxshare is China-born, China-backed,&#8221; McGee added.
Why It Matters: A month ago, McGee said that Apple has <a href="https://www.benzinga.com/25/05/45510862/apple-unwittingly-powered-the-rise-of-huawei-xiaomi-oppo-and-vivo-says-apple-in-china-authorindia-pivot-a-decade-too-late">unwittingly powered the rise</a> of its own competitors, Oppo,&nbsp;Vivo,&nbsp;Huawei, and&nbsp;Xiaomi. &#8220;The reason their technology is so good is Apple trained all of their suppliers,&#8221; he said.
This comes as the company begins <a href="https://www.benzinga.com/markets/equities/25/05/45637672/apple-ramps-up-india-manufacturing-as-us-iphone-imports-surge-76-in-april-while-shipments-from-china-plunge">ramping up output in India</a>, as geopolitical tensions continue to flare between the United States and China. 
Recently, the company <a href="https://www.benzinga.com/markets/25/05/45599817/apple-would-rather-absorb-a-25-iphone-tariff-than-move-production-to-the-us-says-analyst-no-guarantee-they-wont-face-repeated-tariff-threats-during-his-term">deployed $1.5 billion</a> in a display production module in Chennai, through Foxconn, despite receiving pushback from President Donald Trump on the matter.
Price Action: Apple shares were down 0.60% on Tuesday, trading at $200.30, and are up 0.36% after hours.
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25042707/Screenshot-2025-06-25-at-1.56.55-PM-1024x147.png" alt="" class="wp-image-961126" style="width:920px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25042707/Screenshot-2025-06-25-at-1.56.55-PM-1024x147.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25042707/Screenshot-2025-06-25-at-1.56.55-PM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25042707/Screenshot-2025-06-25-at-1.56.55-PM-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25042707/Screenshot-2025-06-25-at-1.56.55-PM.png 1528w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Apple isn&#8217;t faring too well in Benzinga&#8217;s Edge Stock Rankings, with low scores and unfavorable price trends across the board. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock.
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46045144/openai-scrubs-jony-ive-deal-from-website-after-trademark-lawsuit-threatens-6-5-billion-io-products-acquisition">OpenAI Scrubs Jony Ive Deal From Website After Trademark Lawsuit Threatens $6.5 Billion IO Products Acquisition</a></li>
</ul>
Photo courtesy: jamesteohart / Shutterstock.com

Government

From Cables To Vision Pro: How Luxshare Is Replacing Foxconn In Apple's Ecosystem

OpenAI CEO Sam Altman dismissed a <a href="https://www.benzinga.com/markets/tech/25/06/46045144/openai-scrubs-jony-ive-deal-from-website-after-trademark-lawsuit-threatens-6-5-billion-io-products-acquisition">trademark lawsuit filed by</a> hardware startup Iyo as &#8220;silly&#8221; and &#8220;disappointing&#8221; after a judge ordered ChatGPT-parent to remove references to its collaboration with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) designer Jony Ive.
What Happened: Iyo, a startup led by Jason Rugolo, sued OpenAI for trademark infringement earlier this month, claiming the company's use of the name "io" for a new venture with Ive could confuse consumers and damage its brand.
The lawsuit follows OpenAI's May announcement that it was teaming up with Ive to launch an AI hardware project reportedly <a href="https://www.benzinga.com/tech/25/05/45640879/openais-sam-altman-says-6-5b-deal-with-jony-ive-to-build-ai-companions-could-add-1-trillion-in-company-value-report">valued at $6.4 billion</a>.
A federal judge granted Iyo a temporary restraining order barring OpenAI and its affiliates from using the name "io."
OpenAI has since removed the announcement from its website, replacing it with a note that says the page is "temporarily down due to a court order following a trademark complaint."
See Also:&nbsp;<a href="https://benzinga.com/analyst-stock-ratings/analyst-color/25/06/45888833/mcdonalds-just-got-hammered-by-weight-loss-drugs-twice" target="_blank" rel="noreferrer noopener">McDonald&#8217;s Just Got Hammered By Weight-Loss Drugs — Twice</a>
Altman posted emails from Rugolo on X, suggesting Iyo had previously pushed for OpenAI to invest or buy the company. This lawsuit is "silly, disappointing and wrong," Altman wrote.
<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">jason rugolo had been hoping we would invest in or acquire his company iyo and was quite persistent in his efforts. we passed and were clear along the way. now he is suing openai over the name. this is silly, disappointing and wrong. <a href="https://t.co/k5oKHGLw0s">pic.twitter.com/k5oKHGLw0s</a>
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1937606794362388674?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Rugolo responded on X, stating, "I won&#8217;t fight you guys in public, and honestly just think it&#8217;s super bad form for someone like you to be coming after me like this."
In another post, he said his communications with Altman date back to 2022, when he first pitched his startup to Apollo Projects. "This particular email from Sam was probably the worst email I&#8217;ve ever received in my professional life," he posted 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">sam and i have shared emails going back to 2022 when i pitched iyO to his personal firm apollo projects. this particular email from sam was probably the worst email i&#39;ve ever received in my professional life. when an investor you pitched everything to, especially such a…
&mdash; jason rugolo (@jasonRugolo) <a href="https://twitter.com/jasonRugolo/status/1937774113843740957?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&#8217;s Important: The $6.5 billion acquisition represented <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45550033/openai-teams-up-with-iphone-designer-jony-ive-as-chatgpt-maker-makes-push-into-hardware-apple-shares-slide">OpenAI's boldest move</a> yet into the AI hardware space. Ive, celebrated for his work on iconic devices like the iPhone and MacBook, is at the center of the effort.
After the acquisition was announced, Gene Munster, managing partner at Deepwater Asset Management, remarked that OpenAI now represents the most significant competitive challenge Apple has <a href="https://www.benzinga.com/news/25/05/45599511/apple-faces-first-serious-threat-in-20-years-as-openai-acquires-iphone-makers-former-design-chief-jo">faced in the past two decades</a>.
Benzinga Edge Stock Rankings show an upward trend for Apple's stock in the short term, but a downward trajectory over the medium and long term. While the company scores high on quality metrics, it continues to exhibit weak growth and momentum, and its valuation remains notably low. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here for more details</a>.
<figure class="wp-block-image aligncenter 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/2025/06/25043732/Screenshot-2025-06-25-at-2.04.38%E2%80%AFPM.png" alt="" class="wp-image-961159" /></a></figure>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45489038/us-stocks-likely-to-open-lower-after-moodys-downgrade-bear-market-isnt-fully-recovered-yet-but-it-is-close-says-expert" target="_blank" rel="noreferrer noopener">US Stocks Likely To Open Lower After Moody's Downgrade: ‘Bear Market Isn't Fully Recovered Yet, But It Is Close,' Says Expert</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: jamesonwu1972 / Shutterstock.com

Sam Altman Slams Trademark Lawsuit Over 'io' As 'Silly' And 'Disappointing' After OpenAI Scrubs Jony Ive Deal From Website Under Judge's Order

Alvotech, a global biotech company specializing in the development and manufacturing of biosimilar medicines for patients worldwide, Kashiv Biosciences LLC ("Kashiv"), a fully integrated biopharmaceutical company headquartered in New Jersey, US, and Advanz Pharma Holdco Limited ("Advanz Pharma"), a UK-headquartered global pharmaceutical company with a strategic focus on specialty, hospital, and rare disease medicines, today announced positive topline results from a confirmatory efficacy study comparing AVT23 (ADL-018), a proposed biosimilar to Xolair&#xAE; (omalizumab), with the reference biologic.

ALVO

Alvotech, Kashiv, And Advanz Pharma Report Top Line Results For Xolair Biosimilar AVT23 In Confirmatory Efficacy Study

Press Releases

Vistra Connects Two Utility-Scale Solar Facilities to Grid and Extends Operations of Baldwin Power Plant in Response to Reliability Concerns in MISO

Vistra Announces Expansion of its Board of Directors with the Appointment of Rob Walters

Vistra to Report Full Year and Fourth Quarter 2024 Results on Feb. 27, 2025

Dividends

Vistra Declares Dividend on Common Stock and Series A Preferred Stock

Earnings

Vistra Reports Fourth Quarter and Full-Year 2024 Results

Vistra to Report First Quarter Results on May 7, 2025

Vistra Declares Dividend on Common Stock, Series B Preferred Stock and Series C Preferred Stock

Vistra Reports First Quarter 2025 Results

Vistra to Acquire Natural Gas Assets, Building on Industry-Leading Generation Portfolio to Better Serve Customers

Thermal Coal's Price Drops To Four-Year Low

AleAnna

Central Puerto S.A. American Depositary Shares (each represents ten Common Shares)

Comments

Vistra

Notizie

Ultime notizie per Vistra (NYSE:VST) Azioni

Le persone guardano anche

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO