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ABVC BioPharma

ABVC BioPharma Inc is a clinical-stage biopharmaceuticals company with an active pipeline of six drugs and one medical device (ABV-1701/Vitargus) under development. Its drug products focus on utilizing its licensed technology to conduct proof-of-concept trials through Phase II of the clinical development process. The firm specializes in botanically based solutions that deliver high efficacy with low toxicity for improved health outcomes.

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4462893-1&amp;h=1300208705&amp;u=https%3A%2F%2Fcorporate.dow.com%2Fen-us%2F&amp;a=Dow">Dow</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) announced today that, as a follow-up to the European asset actions first announced in April 2025, its Board of Directors has approved the shutdown of three upstream assets in Europe, in addition to certain corporate and other assets across the Company's global asset footprint:
&nbsp;
<ul>
<li>Packaging &amp; Specialty Plastics: Ethylene cracker in Böhlen, Germany; shutdown expected in 4Q27</li>
<li>Industrial Intermediates &amp; Infrastructure: Chlor-alkali &amp; vinyl (CAV) assets in Schkopau, Germany; shutdown expected in 4Q27</li>
<li>Performance Materials &amp; Coatings: Basics siloxanes plant in Barry, U.K.; shutdown expected mid-year 2026</li>
</ul>
The shutdown of upstream assets in Europe will right-size regional capacity, reduce merchant sale exposure, and remove higher-cost, energy-intensive portions of Dow's portfolio in the region. This will improve our ability to supply profitable derivative demand and optimize margins.
"Our industry in Europe continues to face difficult market dynamics, as well as an ongoing challenging cost and demand landscape," said <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4462893-1&amp;h=1264473883&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4365669-1%26h%3D928999966%26u%3Dhttps%253A%252F%252Fcorporate.dow.com%252Fen-us%252Fabout%252Fcompany%252Fleadership%252Fjim-fitterling.html%26a%3DJim%2BFitterling%23xd_co_f%3DNWU5MTc3MGItMzc0Ni00OGE5LTk4YzAtOTk2NGNjMmJhYjNl%7E&amp;a=Jim%C2%A0Fitterling">Jim&nbsp;Fitterling</a>, Dow chair and CEO. "Over the past decade, we have demonstrated Dow's commitment to operating with a best-owner mindset by taking proactive actions across higher-cost or non-strategic assets. Looking ahead, we remain committed to realizing the value of our incremental growth investments and enhancing profitability and cash flow through more than $6&nbsp;billion in near-term cash support."
In April 2025, the Company <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4462893-1&amp;h=1608642756&amp;u=https%3A%2F%2Fs23.q4cdn.com%2F981382065%2Ffiles%2Fdoc_financials%2F2025%2Fq1%2FDow-1Q25-Earnings-News-Release.pdf&amp;a=announced">announced</a>&nbsp;it had identified three assets in Europe for action across all of its operating segments. On June 30, 2025, Dow's Board of Directors approved restructuring actions to rationalize the Company's global asset footprint, including these three assets as part of its European review, and certain corporate and other assets.
Dow's actions to shut down these assets will result in an Operating EBITDA uplift beginning in 2026, ramping to 50% of the approximate $200&nbsp;million target by year-end 2027 with full delivery by 2029, with a cash outlay of approximately $500&nbsp;million over four years.
As a result of these actions, the Company will record charges ranging from $630&nbsp;million to $790&nbsp;million, for both non-cash items—such as asset write-downs and write-offs—and cash items, such as exit and disposal of assets, as well as severance and related benefit costs.
The shutdown of the assets is expected to begin in mid-2026 and is estimated to be complete by the end of 2027, with potential decommissioning and demolition to continue into 2029 as needed.
Approximately 800 Dow roles will be impacted as a result of these actions. These roles are in addition to the $1&nbsp;billion cost savings actions <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4462893-1&amp;h=4038991573&amp;u=https%3A%2F%2Fcorporate.dow.com%2Fen-us%2Fnews%2Fpress-releases%2Fdow-announces-targeted-actions-to-deliver--1b-in-cost-savings.html&amp;a=announced+in+January">announced in January</a>&nbsp;that included a workforce reduction of approximately 1,500 Dow roles globally.

News

Dow to Shut European Plants, Will Take Up to $790M Hit as It Eyes $200M Profit Boost by 2029, To Impact 800 Jobs

Wabtec To Acquire Frauscher In €675M Deal To Strengthen Digital Intelligence And Rail Signaling Portfolio

As President Donald Trump's Big Beautiful Bill is officially signed into law, the bill scraps the $7,500 Federal EV credit on all purchases of new electric vehicles in the U.S.
What Happened: As the incentives are axed, EVs across the board are set to become dearer after September 30, 2025, when the incentives end. On Saturday, Business Insider compiled <a href="https://www.businessinsider.com/all-the-evs-set-to-lose-the-federal-tax-credit-2025-7">a</a> list of vehicles set for a price hike from automakers like General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
As for the list of vehicles from GM, it includes EVs from GM like the Chevrolet Blazer, Equinox and Silverado, as well as luxury-focused EVs like the Cadillac Lyriq, Optiq and Vistiq.
Detroit-based automaker Ford's F-150 Lightning pickup truck will get costlier. 
Elon Musk's Tesla vehicles, like Model Y, Model X, the Cybertruck and the Model 3, are also going to cost more.
Why It Matters: The news comes as the new laws axe the federal EV credit, but also scrap the proposed $250 fee annual fee on all EVs. The law is another push in Trump's anti-EV stance.
The bill has caused a considerable stir, with Musk locking horns with Trump over the bill once again and vowing to <a href="https://www.benzinga.com/news/politics/25/07/46267705/elon-musk-says-america-first-filing-false-and-has-been-reported-to-the-election-commission">found a new political party</a> called the America Party.
However, Musk's decision has been met with criticism both from Trump, who called the idea <a href="https://www.benzinga.com/news/politics/25/07/46266957/trump-calls-america-party-a-train-wreck-blasts-elon-musk-for-going-completely-off-the-rails-president-says-system-not-designed-for-a-third-player">a "train wreck"</a> as well as experts, who suggest the move could be <a href="https://www.benzinga.com/markets/tech/25/07/46268694/elon-musks-america-party-plans-conflict-with-his-full-time-responsibilities-as-tesla-ceo-says-former-doge-advisor">detrimental to Tesla</a>.
Interestingly, Tesla stock <a href="https://www.benzinga.com/markets/tech/25/07/46267743/tesla-shares-fall-over-5-in-overnight-trading-as-elon-musk-jumps-back-into-politics">has fallen over 5%</a> in overnight trading following Musk's announcements regarding the party and his increasing involvement in politics.
<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="199" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07054250/TSLA-JUL-7-2025-2-1-1024x199.jpg" alt="" class="wp-image-974436" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07054250/TSLA-JUL-7-2025-2-1-1024x199.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07054250/TSLA-JUL-7-2025-2-1-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07054250/TSLA-JUL-7-2025-2-1-768x149.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07054250/TSLA-JUL-7-2025-2-1-1536x299.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07054250/TSLA-JUL-7-2025-2-1.jpg 1569w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla offers satisfactory Momentum while scoring well on the Growth and Quality metrics, but the stock offers poor Value. For more such insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46268433/teslas-full-self-driving-tech-under-fire-again-after-robotaxi-nearly-hits-parked-vehicle-report">Tesla&#8217;s Full Self-Driving Tech Under Fire Again After Robotaxi Nearly Hits Parked Vehicle: Report</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

STLA

TSLA

As Trump's 'Big, Beautiful Bill' Is Signed Into Law, These EVs From Tesla, GM And Ford Will Become More Expensive: Report

Apogee Therapeutics, Inc., (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APGE#NASDAQ">APGE</a>), a clinical-stage biotechnology company advancing optimized, novel biologics with potential for differentiated efficacy and dosing in the largest inflammatory and immunology (I&amp;I) markets, today announced positive 16-week data from Part A of the Phase 2 APEX clinical trial of APG777, a potential best-in-class anti-IL-13 antibody, in patients with moderate-to-severe atopic dermatitis (AD).
"With two out of every three patients treated with APG777 achieving EASI-75 response at Week 16 in the Phase 2 APEX Part A trial, APG777 demonstrated the highest EASI-75 response rate both on a topline and placebo-adjusted basis for any biologic in a global study to date, reinforcing its potential best-in-class profile for patients with moderate-to-severe atopic dermatitis," said Michael Henderson, M.D., Chief Executive Officer of Apogee. "APG777 has the potential to set a new standard of care by offering improved clinical responses with transformational quarterly or better maintenance dosing — benefitting patients, providers, and payers. Today's results bring us closer to that vision, and we believe further de-risks APG777's path to approval. In addition, I am excited for our two upcoming readouts to potentially even further improve on efficacy results — the accelerated APEX Part B testing higher exposures that is now expected to readout mid-2026, and the ongoing APG279 (IL-13 + OX40L) head-to-head trial against DUPIXENT expected to readout in the second half of 2026."
"Today's results from APEX Part A demonstrate strong efficacy results across all key endpoints," said Carl Dambkowski, M.D., Chief Medical Officer of Apogee. "In addition to these potentially best-in-class results, increased response rates were observed in patients with higher exposures, supporting our exposure-response hypothesis which we continue to further test in APEX Part B. Combined with a favorable safety profile, these findings reinforce APG777's potential to deliver meaningful and durable benefit to patients while significantly reducing dosing frequency compared with existing agents. On behalf of the entire Apogee team, I'd like to extend our gratitude to the patients and physicians for their support in the successful execution of this important trial."&nbsp;
APEX Phase 2 Part A Key 16-Week Results
The Phase 2 APEX clinical trial is a randomized, placebo-controlled study evaluating APG777 in patients with moderate-to-severe AD. Part A of the trial enrolled 123 adult patients who were randomized 2:1 to APG777 versus placebo and received an induction regimen dosing of 720mg at Weeks 0 and 2, followed by 360mg at Weeks 4 and 12. Patients benefiting from treatment continued maintenance dosing, evaluating 3- or 6-month dosing of APG777. The primary endpoint of Part A is mean percentage change in Eczema Area Severity Index (EASI) score from baseline at Week 16. Secondary endpoints include EASI-75, EASI-90, Validated Investigator Global Assessment (IGA) 0/1 and Itch Numeric Rating Scale (NRS) at Week 16.
Initial 16-week findings from APEX Part A include efficacy results, which compare favorably versus standard of care across endpoints as well as rapid onset of itch relief and lesion reduction, and a favorable safety profile consistent with its class:
<ul>
<li>The trial met its primary endpoint, with APG777 showing significantly greater least squares mean percent change from baseline at Week 16 with an EASI reduction of 71.0% compared to placebo of 33.8% (p &lt; 0.001). &nbsp;</li>
<li>Highest absolute and placebo-adjusted EASI-75 of any biologic with 66.9% of participants treated with APG777 achieving EASI-75 compared to 24.6% on placebo (p &lt; 0.001) 
<ul>
<li>Pre-specified sensitivity analysis showed consistent results in both moderate and severe patients</li>
<li>Additionally, an exposure-response relationship was observed, with patients in the two highest quartiles of exposures achieving the highest EASI-75 response at Week 16, 83.3% for quartile three and 89.5% for quartile four
<ul>
<li>APEX Part B is testing a higher dose of APG777, which is projected to achieve average exposures in line with the highest quartile of exposures from Part A</li>
</ul>
</li>
</ul>
</li>
<li>Additional key secondaries were in line with standard of care, including vIGA 0/1 and EASI-90
<ul>
<li>vIGA 0/1 of 34.9% compared to placebo of 17.3% (p &lt; 0.05)</li>
<li>EASI-90 of 33.9% compared to placebo of 14.7% (p &lt; 0.05)</li>
<li>Patients in the highest quartile of exposures achieved the highest response, 63.2% vIGA 0/1 and 63.2% EASI-90 at Week 16</li>
</ul>
</li>
<li>Treatment of patients with APG777 led to rapid onset of itch relief and achieved statistically significant reduction by Week 1
<ul>
<li>50.7% reduction of Itch NRS from baseline compared to 23.2% (p &lt; 0.01)</li>
</ul>
</li>
<li>APG777 was well tolerated with a safety profile consistent with other agents in the class
<ul>
<li>Serious treatment-emergent adverse events (TEAEs) were rare for APG777-exposed patients (1.2% vs. 2.4% in placebo)</li>
<li>Discontinuation rate due to AEs was low for APG777-exposed patients (2.4%)</li>
<li>The most common TEAEs (occurring in ≥5% of patients in either treatment group) were non-infective conjunctivitis, upper respiratory tract infection, and nasopharyngitis, the latter two numerically lower in APG777 treated patients</li>
<li>There were 0 injection site reactions in the APG777 group</li>
</ul>
</li>
</ul>

APGE

Apogee Therapeutics' APG777 Shows Results in Atopic Dermatitis Trial

Eshallgo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHGO#NASDAQ">EHGO</a>), a leading provider of integrated office solutions in China, today announced that its wholly owned subsidiary, Shanghai ESHALLGO Enterprise Development (Group) Co., Ltd. ("ESHALLGO Group"), has entered into a nationwide strategic partnership agreement (the "Agreement") with Tianjin Photonetco Electronic Technology Co., Ltd. ("Photonetco"), one of China's top three office equipment manufacturers.
The Agreement appoints EHGO as Photonetco's exclusive national strategic partner, underscoring a critical advancement in EHGO's efforts to expand within China's growing office equipment market.
According to Cognitive Market Research, China's office printer market alone is valued at over USD 5 billion as of 2024, and is expected to grow at a compound annual growth rate (CAGR) of 6% through 2031. When including office consumables, services, and broader enterprise integration, the total addressable market exceeds USD 10 billion, driven by national policies promoting domestic technology adoption, data security, and procurement independence among Chinese enterprises.
Under the agreement, Photonetco will provide EHGO with more than 10 custom-developed printer models, ranging from entry-level to enterprise-grade categories, and grant EHGO nationwide distribution rights for both hardware and consumables. EHGO will also gain access to Photonetco's comprehensive national after-sales service and maintenance network. In addition, Photonetco will support EHGO through professional technical training, authorized service station support, formal authorization documentation for EHGO and its affiliates, and the provision of promotional and marketing materials as needed to strengthen market development and brand promotion efforts.

EHGO

Eshallgo Secures Exclusive Deal With Top Chinese Printer Maker, Taps Into $10B Office Tech Market

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/06152238/AI-image-mdw02-created-in-MS-designer.jpeg-1024x585.jpeg" alt="" class="wp-image-15359" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/06152238/AI-image-mdw02-created-in-MS-designer.jpeg-1024x585.jpeg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/06152238/AI-image-mdw02-created-in-MS-designer.jpeg-300x172.jpeg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/06152238/AI-image-mdw02-created-in-MS-designer.jpeg-768x439.jpeg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/06152238/AI-image-mdw02-created-in-MS-designer.jpeg.jpeg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Credit: Image generated by AI
Some of the world's biggest cryptocurrency exchanges have started shifting their business on-chain, blending CEX stability with features only DEX users typically have access to.
A hybrid model is emerging that delivers blockchain benefits through a familiar TradFi UI: User-friendly in the front, blockchain-powered in the back. 
Will it be enough to de-risk DeFi for a mainstream finance audience?
<h1 class="wp-block-heading">Leaving the conventional brokerage model&nbsp;behind</h1>
Coinbase, Bybit, and Binance have all announced changes that weave Web3 protocols into their Web2 platforms.
Why would they want to risk venturing on-chain? Decentralized finance protocols can be notoriously difficult for end users, and there are long-standing concerns about security and regulatory oversight in this space.
The truth is that&nbsp;DeFi is growing too quickly to ignore, worth an estimated $20 billion last year and&nbsp;<a href="https://www.grandviewresearch.com/industry-analysis/decentralized-finance-market-report" target="_blank" rel="noreferrer noopener">forecast to reach $230 billion by 2030</a> — an annual CAGR of 50%.
<a href="https://www.grandviewresearch.com/industry-analysis/cryptocurrency-exchange-platform-market-report" rel="noreferrer noopener" target="_blank">Double-digit CAGR</a>&nbsp;is in the cards for CEXs too. But DeFi has almost double the momentum. They don't want to be left behind.
And that's a real risk. Centralized exchanges are basically modelled on conventional brokerages. They operate in ways that are familiar to everyday retail traders, but their technical infrastructure makes it hard to penetrate the on-chain space.
Recent announcements suggest the big CEXs are moving on from being matching platforms and evolving into deeply-integrated trading networks that fuse on-chain and off-chain benefits:
<h2 class="wp-block-heading">Coinbase Offers DEX Access Through Its&nbsp;CEX</h2>
On June 12, 2025, Coinbase announced it was integrating DEXs on its proprietary Base blockchain with its centralized exchange business, with plans in the pipeline to add DEXs from other blockchains.
For end users, the move opens up access to thousands of altcoins but without Ethereum's (ETH) gas fees, though Coinbase's trading fee structure still comes into play.
For big Base-built DEXs like&nbsp;<a href="https://x.com/AerodromeFi/status/1933246313682067730?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1933246313682067730%7Ctwgr%5E79e00aeb61d26ced5a04be1756a3ce082204c6b5%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fwww.techopedia.com%2Fcentralized-crypto-exD181hanges-move-onchain" target="_blank" rel="noreferrer noopener">Aerodrome</a>, having a direct link to the mainstream Coinbase exchange has been a major boost. Its AERO token&nbsp;<a href="https://coinmarketcap.com/currencies/aerodrome-finance/" target="_blank" rel="noreferrer noopener">has spiked</a>&nbsp;since the announcement.
It's not the first time Coinbase has tried to leverage its Web2 footprint on-chain. The exchange's wrapped token for Bitcoin, cbBTC, was bootstrapped using Coinbase as the primary rail to attract liquidity and users.
With direct access to Base's lending markets, cbBTC holders can now borrow USDC using Bitcoin (BTC) as collateral, without leaving the Coinbase app.
<h2 class="wp-block-heading">Binance Aims for Wallet&nbsp;Share</h2>
In May, Binance launched its&nbsp;<a href="https://www.binance.com/en/square/post/24440234006465" rel="noreferrer noopener" target="_blank">Alpha campaign</a>, a series of trading contests that reward users with "Alpha Points" that can be used to buy selected digital assets, which users receive later in the form of airdrops. It's meant to encourage support for new projects and build grassroots engagement.
The approach has many steps, but Binance appears to have its eye on growing wallet use and participation in its on-chain ecosystem. To use Alpha points, they have to be traded through Binance's keyless Binance Wallet. This could be a way to funnel more users into Binance's proprietary DeFi services via the BNB blockchain.
It seems to be working. PancakeSwap is the tool&nbsp;<a href="https://www.binance.com/en/support/announcement/detail/c6499e95c15e408ca44ca5f6db975d4d" rel="noreferrer noopener" target="_blank">enabling Alpha token trades</a>, and its&nbsp;<a href="https://defillama.com/dexs/pancakeswap" rel="noreferrer noopener" target="_blank">volumes have surged</a>&nbsp;since Alpha's May launch.
<h2 class="wp-block-heading">Bybit Launches a Hybrid&nbsp;Exchange</h2>
On June 15, 2025, Bybit&nbsp;<a href="https://x.com/byreal_io/status/1934085435212308789?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1934085435212308789%7Ctwgr%5E79e00aeb61d26ced5a04be1756a3ce082204c6b5%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fwww.techopedia.com%2Fcentralized-crypto-exD181hanges-move-onchain" rel="noreferrer noopener" target="_blank">announced</a>&nbsp;the launch of Byreal, a new Solana DEX that promises a hybrid exchange model that leverages centralized liquidity sources with decentralized execution. The combination should enable Byreal to route trades more profitably.
Positioned as an extension of Bybit rather than a new product, Byreal's design will see it route transactions via mechanisms called Concentrated Liquidity (CLMM) and Request for Quote (RFQ).
The idea is to unify liquidity sources and increase protection against MEV tactics by miners and validators. Execution is provided by market makers or liquidity providers, depending on the coin and conditions attached to the trade.
<h1 class="wp-block-heading">The take&nbsp;away</h1>
Three centralized exchanges, three on-chain strategies. Combined, they're loudly signalling that the on-chain economy has moved to a new phase of maturity. DeFi is demonstrating stability and security — two baseline requirements for regulated CEXs to integrate blockchain infrastructure into their technology stacks.
While the convergence gives big-name exchanges an on-chain presence, it also marks the start of a new model. We may be witnessing the birth of a crypto trading paradigm.

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

Cryptocurrency

Fintech news covering the emerging Financial Technology services sector

Fintech

Opinion

DEXs Are Quietly Turning Into CEXs. Here's What That Means For Traders

A former top executive at the Social Security Administration quietly floated an idea to park part of the program's $2.7 trillion trust fund in a short-term Treasury note that would automatically convert into an S&amp;P 500 index basket at maturity, but the proposal never really saw the light of day.
What Happened: Scott Coulter, who served as SSA chief information officer until spring, argued the hybrid debt-equity instrument could buy the program time by earning higher market returns than traditional special-issue bonds, according to an internal summary <a href="https://www.wsj.com/politics/policy/social-security-trust-insolvency-investments-f73c127c?gaa_at=eafs&amp;gaa_n=ASWzDAhXVvEEVlsG9pXe58j7ruDK_nXJIK0EwtgxHbSxU1FScgMuB4fhSqur-A8zIrQ%3D&amp;gaa_ts=686b7c7c&amp;gaa_sig=jerdUetjrn-XsqQ3RBbOOYT2KEmTFuBzqoSwVN0N0OMHcnbIIMtvTLN0qcW9VJDIWCudLqaYnUs7pxnxd5drqQ%3D%3D">seen</a> by The Wall Street Journal.
Coulter drafted the plan while acting as SSA's liaison to the Trump-backed Department of Government Efficiency. He proposed shifting only a slice of assets to limit risk, saying the note would give trustees an upside without violating the law's daily investment mandate. The trust fund currently invests exclusively in non-marketable Treasury securities.
See also: <a href="https://www.benzinga.com/personal-finance/management/25/07/46260419/social-security-trust-fund-remains-a-top-priority-for-the-trump-administration-assures-commissioner-bisignano-experts-arent-so-sure">Social Security Trust Fund &#8216;Remains A Top Priority For The Trump Administration,&#8217; Assures Commissioner Bisignano – Experts Aren&#8217;t So Sure</a>
Social Security Commissioner Frank Bisignano, who was confirmed for his role in May this year, shelved the idea. The former Fiserv chief told lawmakers that he&#8217;s more focused on fixing customer service first and integrating artificial intelligence tools. 
In a separate statement, Bisignano said <a href="https://www.benzinga.com/personal-finance/management/25/07/46260419/social-security-trust-fund-remains-a-top-priority-for-the-trump-administration-assures-commissioner-bisignano-experts-arent-so-sure">safeguarding the fund</a> "remains a top priority for the Trump administration."
Why It Matters: The non-partisan Committee for a Responsible Federal Budget warns that President Donald Trump's pending "One Big Beautiful Bill" would speed the depletion of the retirement reserve to 2032 by trimming taxes on benefits. Eliminating benefit taxes outright would <a href="https://www.benzinga.com/personal-finance/25/02/43831371/eliminating-social-security-income-taxes-would-cost-1-5-trillion-and-deplete-the-trust-fund-by-2032-who-wins-and-who-loses">drain $1.5 trillion more</a>, show estimates.
Treasury Secretary Scott Bessent has floated a broader <a href="https://www.youtube.com/watch?v=lSma9suyp24">fix</a> that involves pairing the program with a new sovereign wealth fund seeded by "baby bonds" for newborns. Any equity move, however, would need congressional approval and fresh borrowing to redeem existing bonds, an expensive step at today's rates, former trustee Charles Blahous noted while speaking to WSJ.
Read next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/07/46263553/social-security-administration-sends-unbelievable-email-on-trumps-big-beautiful-bill-report">Social Security Administration Sends &#8216;Unbelievable&#8217; Email On Trump&#8217;s &#8216;Big, Beautiful Bill&#8217;: Report</a></li>
</ul>
Image via Shutterstock

Financing

Former Social Security Executive Pitched S&P-Linked Treasury Plan To Extend Fund Solvency — Here's What Happened To It

Popular obesity treatments Wegovy and Zepbound are seeing price reductions, but patients still face significant barriers to sustained access despite strong market demand.
What Happened: The medications cost around $500 monthly for uninsured patients, while insured coverage remains inconsistent across plans. &#8220;Coverage is not the same as access,&#8221; said Beverly Tchang, a New York-based physician who advises both Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) and Eli Lilly and Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), reported <a href="https://apnews.com/article/wegovy-zepbound-obesity-drugs-coverage-access-142e234c16df4443e8f66c27d01f44e2#">the</a> Associated Press.
GLP-1 receptor agonists continue driving substantial revenue for both drugmakers. Zepbound generated $2.3 billion in U.S. first-quarter sales, while Wegovy contributed nearly $1.9 billion with approximately 200,000 weekly prescriptions domestically.
Insurance coverage varies dramatically by provider and plan type. Novo Nordisk reports that 85% of covered U.S. patients pay $25 or less monthly. However, most state Medicaid programs and Medicare exclude obesity coverage, forcing patients to shoulder hundreds in out-of-pocket costs monthly, according to the report.
See Also: <a href="https://www.benzinga.com/markets/large-cap/25/07/46269182/ai-assistants-could-break-amazons-60-billion-retail-media-business-warns-vc-its-not-just-search-at-google-its-search-everywhere">AI Assistants Could Break Amazon&#8217;s $60 Billion Retail Media Business, Warns VC: &#8216;It&#8217;s Not Just Search At Google — It&#8217;s Search Everywhere&#8217;</a>
Why It Matters: The regulatory landscape remains complex regarding compounded versions. Despite FDA determinations that drug shortages ended, compounding pharmacies continue selling cheaper alternatives under personalization exceptions.
Hims &amp; Hers Health Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) offers compounded semaglutide starting at $165 monthly, leading to legal challenges from Eli Lilly.
Recent pricing trends show that both companies reduced uninsured patient costs by several hundred dollars from initial launch prices. However, $500 monthly represents approximately 14% of the average U.S. per-capita income at $43,000 annually.
Long-term adherence data reveals persistence challenges that could impact market expansion. Real-world studies show only 8.1% of patients maintained GLP-1 obesity therapy after three years, though one-year persistence for Wegovy <a href="https://www.benzinga.com/news/health-care/25/06/46102213/us-adults-struggle-with-long-term-use-of-obesity-drugs-like-wegovy-data-shows">improved from 33.2% in 2021 to 62.7% in 2024</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/news/health-care/25/07/46268630/alphabet-backed-drug-discovery-firm-nears-human-trials-of-ai-developed-remedies-says-president-the-next-big-milestone-is">Alphabet-Backed Drug Discovery Firm Nears Human Trials Of AI-Developed Remedies, Says President: &#8216;The Next Big Milestone Is…&#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: Tobias Arhelger / Shutterstock.com

Health Care

Hims & Hers Health, Inc. Class A Common Stock

HIMS

Wegovy, Zepbound Prices Drop, But Most Patients Still Can't Afford Long-Term Use: 'Coverage Is Not The Same As Access,' Says Expert

Pony AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) and Dubai&#8217;s Roads and Transport Authority (RTA) announced on Monday that they recently held a <a target="_blank" href="https://www.benzinga.com/pressreleases/25/07/g46268614/pony-ai-inc-and-dubai-rta-co-reveal-robotaxi-introduction" rel="noreferrer noopener">robotaxi unveiling ceremony</a> in Dubai, formalizing their partnership to advance L4 autonomous mobility solutions.
Under the agreement, the collaboration will deploy&nbsp;Pony AI&#8217;s autonomous driving technology through a multi-phase rollout.
Initial supervised robotaxi trials will begin in late 2025, paving the way for the launch of fully driverless service later in the decade.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/06/46092236/pony-ai-rides-high-after-nasdaq-golden-dragon-china-index-inclusion" rel="noreferrer noopener">Pony.ai Rides High After Nasdaq Golden Dragon China Index Inclusion</a>
The strengthened alliance focuses on enhancing urban mobility efficiency, reducing traffic congestion, and establishing sustainable transportation models aligned with Dubai&#8217;s vision to transform the city&#8217;s urban travel landscape through autonomous mobility.
Pony AI has been actively expanding its global footprint, having already secured robotaxi operational permits in key markets including the U.S., China, South Korea, and Luxembourg.
<h2 class="wp-block-heading">Pony AI&#8217;s Recent Challenges And Strategic Moves</h2>
Pony.ai&#8217;s stock has seen a decline of over 15% year-to-date. The company has navigated challenges related to autonomous vehicle development, regulatory complexities, and geopolitical tensions between the U.S. and China, which have influenced investor sentiment regarding Chinese firms listed on U.S. exchanges.
Pony.ai has <a target="_blank" href="https://www.benzinga.com/25/05/45416148/pony-ai-shares-rise-after-report-of-confidential-hong-kong-ipo-to-fund-robotaxi-expansion" rel="noreferrer noopener">confidentially filed</a> for a Hong Kong IPO in a strategic move. This filing is intended to secure additional funding for expanding its autonomous mobility business, while seeking to minimize disruptions to its U.S.-listed stock. Pony.ai initially went public on Nasdaq on November 27, 2024, <a target="_blank" href="https://www.benzinga.com/node/42228125" rel="noreferrer noopener">raising approximately</a> $413 million in its U.S. IPO.
This potential Hong Kong listing aligns with the company&#8217;s increased focus on commercialization. Pony.ai aims to launch robotaxi services by mid-2025 and projects deploying 700 vehicles by year-end.
The company also reports a 70% reduction in development costs, suggesting improved efficiency in its latest autonomous systems. Executives anticipate reaching single-unit breakeven by the end of 2025, supported by these cost-cutting measures and scaling efforts.
Just days before the IPO filing, on May 13, 2025, one of Pony.ai&#8217;s fully autonomous vehicles <a target="_blank" href="https://www.benzinga.com/25/05/45416148/pony-ai-shares-rise-after-report-of-confidential-hong-kong-ipo-to-fund-robotaxi-expansion" rel="noreferrer noopener">caught fire</a> in Beijing. No injuries were reported in the incident.
Further expanding its international reach, Pony.ai strategically partnered with Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) to launch robotaxi operations in the Middle East.
Earlier, CTO Lou Tiancheng indicated to The Wall Street Journal that Pony.ai was approaching breakeven as it streamlined its operations.
<h2 class="wp-block-heading">Industry Outlook</h2>
The broader autonomous vehicle industry continues to evolve rapidly. Bank of America analyst Martyn Briggs <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46217099/autonomous-vehicles-best-stocks" rel="noreferrer noopener">recently noted</a> that autonomous vehicles have hit their &#8216;ChatGPT moment,&#8217; suggesting a pivotal point of accelerated development and adoption for the technology.
Price Action: PONY stock is trading higher by 0.70% to $12.95 premarket at last check Monday.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/46100456/tesla-robotaxi-scaling-growth-will-be-slow-in-near-term-goldman-sachs" target="_blank" rel="noreferrer noopener">Tesla Robotaxi Scaling Growth Will Be Slow In Near Term: Goldman Sachs</a></li>
</ul>
Image via Shutterstock

Asia

PONY

UBER

Pony.ai To Deploy Robotaxis In Dubai, Trials Begin Late 2025

<a href="https://www.reuters.com/business/energy/opec-set-complete-unwinding-voluntary-oil-output-cut-sept-sources-say-2025-07-07/" title="https://www.reuters.com/business/energy/opec-set-complete-unwinding-voluntary-oil-output-cut-sept-sources-say-2025-07-07/">https://www.reuters.com/business/energy/opec-set-complete-unwinding-voluntary-oil-output-cut-sept-sources-say-2025-07-07/</a>

Commodities

Markets

Reuters Reported Earlier OPEC+ Set To Approve 550K B/D Hike For Sept

Macro Economic Events

Econ #s

Economics

Mortgage Rate (GBP) For June 6.98% Vs. 7.09% Prior

Allot Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) (TASE: ALLT), a leading global provider of innovative security-as-a-service (SECaaS) and network intelligence solutions for communication service providers and enterprises, today announced that it has signed an agreement valued at tens of millions of dollars to provide an integrated network intelligence and cybersecurity solution to a Tier-1 telecom operator in EMEA for their converged mobile and fixed network. The multi-year agreement includes Allot Smart solutions for Traffic Management, Policy &amp; Charging Control, Network Visibility and Analytics and a set of cybersecurity services including DDoS attack protection, anti-botnet and reputation protection. The solution will be based on the recently launched SG Tera-III platform, the highest capacity multiservice gateway in the telecommunications market.

ALLT

Allot Lands Multi-Million Dollar Deal to Boost Cybersecurity for Major EMEA Telecom Operator

Russian President Vladimir Putin emphasized the historical bond between Russia and the United States during a recent interview, citing centuries of cooperation that began with America&#8217;s independence struggle.
What Happened: Putin told Russian television host Pavel Zarubin that the two nations &#8220;have always had, for a very long time, very good and special relations,&#8221; according <a href="https://tass.com/politics/1985945">to</a> Russian News Agency TASS. 
He specifically referenced Russia&#8217;s support during America&#8217;s Revolutionary War, stating &#8220;We supported their aspirations for independence from the UK. We actually supplied weapons. We helped them with money.&#8221;
The Russian leader also highlighted Moscow&#8217;s backing of the Union during the Civil War, noting, &#8220;Afterward, we supported the North during the North-South war.&#8221; Putin concluded, &#8220;So in this sense we found things that united us.&#8221;
The comments follow a July 3 phone call between Putin and President Donald Trump, where the Russian president congratulated the U.S. leader on Independence Day and discussed Moscow&#8217;s historical contribution to American statehood, according to the Kremlin.
The White House did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46268640/china-expresses-concern-to-eu-over-russias-potential-defeat-in-ukraine-conflict-amid-fears-that-trump-would-do-this-report">China Expresses Concern To EU Over Russia&#8217;s Potential Defeat In Ukraine Conflict Amid Fears That Trump Would Do &#8216;This&#8217;: Report</a>
Why It Matters: This diplomatic outreach comes amid complex U.S.-Russia relations. Trump has oscillated between praise and criticism of Putin, recently calling him &#8220;absolutely crazy&#8221; after Russian <a href="https://www.benzinga.com/25/05/45604616/trump-blasts-putin-as-absolutely-crazy-after-deadly-russian-airstrikes-on-ukraine-signals-possible-shift-toward-tougher-sanctions">airstrikes on Ukraine in May</a>. 
The president has also signaled the potential for tougher sanctions on Russia while simultaneously <a href="https://www.benzinga.com/25/05/45604616/trump-blasts-putin-as-absolutely-crazy-after-deadly-russian-airstrikes-on-ukraine-signals-possible-shift-toward-tougher-sanctions">pushing for ceasefire negotiations</a>.
Intelligence cooperation continues despite tensions. Russian spy chief Sergei Naryshkin and CIA Director John Ratcliffe have agreed to maintain direct communication channels, with their last known <a href="https://www.benzinga.com/news/politics/25/06/46163974/russian-spy-chief-and-cia-director-ratcliffe-agree-to-call-any-time-amid-tensions-report">conversation occurring in March</a>.
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46268414/as-elon-musks-rift-with-donald-trump-deepens-former-google-executive-says-maga-and-tech-world-cant-thrive-without-each-other">As Elon Musk&#8217;s Rift With Donald Trump Deepens, Former Google Executive Says MAGA And Tech World Can&#8217;t Thrive Without Each Other</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: miss.cabul / Shutterstock.com

Global

Russian President Vladimir Putin Reminds Historic 'Special Relations' With US Against The UK: 'We Found Things That United Us'

The S&amp;P 500 and Nasdaq 100 indices have formed a &#8220;golden cross&#8221; on their charts, indicating the possibility of a &#8220;long-term bull market,&#8221; according to the experts.
What Happened: According to an iShares MSCI World ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URTH#NYSE">URTH</a>) chart, tracking the MSCI World Index shared by Barchart, global stocks have formed a &#8220;Golden Cross&#8221; for the first time since January 2023.
This comes as 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 the Nasdaq 100 index, respectively, also formed &#8220;golden crosses&#8221; on their charts.
Last time, when URTH formed a golden cross, where the 50-day moving average surpasses the 200-day moving average, the returns rose to 43% over the next two years.
<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">Global Stocks just formed a Golden Cross for the first time since January 2023 &#x1f6a8; The last one sent prices soaring 43% over the next 2 years &#x1f4c8;&#x1f4c8; <a href="https://t.co/uEYq9lZZDC">pic.twitter.com/uEYq9lZZDC</a>
&mdash; Barchart (@Barchart) <a href="https://twitter.com/Barchart/status/1935138827716411718?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Historical data dating back to 1975 suggest that the formation of this positive technical indicator on the charts has led the S&amp;P 500 index 88% of the time higher over the next year.
The average return after a &#8220;golden cross&#8221; was 12.29% in the last 50 years, as per the data shared by Subu Trade.
<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 S&amp;P 500 has formed a &quot;Golden Cross&quot; (50 day moving average crossed above 200 day moving average). Here&#39;s every Golden Cross in the past 50 years, and what the S&amp;P did next: <a href="https://t.co/ARrLMwmsWp">pic.twitter.com/ARrLMwmsWp</a>
&mdash; Subu Trade (@SubuTrade) <a href="https://twitter.com/SubuTrade/status/1940071700609335571?ref_src=twsrc%5Etfw">July 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
A portfolio manager at Revere Asset Management, Connor Bates, shared QQQ&#8217;s chart and highlighted how the securities have trended upwards after the formation of this cross in the last five years/
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24QQQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$QQQ</a> Golden Cross. A look at what the markets did prior times in the past 5 years. <a href="https://t.co/E0OP3kRH2s">pic.twitter.com/E0OP3kRH2s</a>
&mdash; Connor Bates (@ConnorJBates_) <a href="https://twitter.com/ConnorJBates_/status/1937973364166922747?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meanwhile, Ed Yardeni of Yardeni Research said in his QuickTakes note that &#8220;those &#8216;golden crosses&#8217; tend to be bullish breakout patterns, indicating the possibility of a long-term bull market.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46267993/lockheed-martin-tops-defense-peers-in-capital-efficiency-but-market-isnt-impressed">Lockheed Martin Tops Defense Peers In Capital Efficiency — But Market Isn&#8217;t Impressed</a>
Why It Matters: According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, the SPY made a golden cross last week, and its current 50-day moving average of $587.15 was above its 200-day moving average of $582.68.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034141/SPY-Golden-Cross-Tech-Chart-1024x576.png" alt="" class="wp-image-974223" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034141/SPY-Golden-Cross-Tech-Chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034141/SPY-Golden-Cross-Tech-Chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034141/SPY-Golden-Cross-Tech-Chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034141/SPY-Golden-Cross-Tech-Chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034141/SPY-Golden-Cross-Tech-Chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Similarly, QQQ made a golden cross on June 23, and its current 50-day moving average of $515.59 was above the 200-day moving average of $503.23.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034158/QQQ-technical-glden-chart-1024x576.png" alt="" class="wp-image-974224" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034158/QQQ-technical-glden-chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034158/QQQ-technical-glden-chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034158/QQQ-technical-glden-chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034158/QQQ-technical-glden-chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034158/QQQ-technical-glden-chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
After the truncated trading week on Thursday, the SPY was up 0.79% at $625.34, while the QQQ advanced 0.98% to $556.22, according to Benzinga Pro data.
On Monday, the futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices were trading lower.
Read Next:
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</ul>
Photo courtesy: Shutterstock

Equities

URTH

Stocks Just Hit Rare Golden Cross For 1st Time Since 2023 — Here's What It Means For Investors

The United Arab Emirates authorities on Sunday dismissed reports circulating online that golden visas will be granted to digital currency investors.
What happened: The Federal Authority for Identity, Citizenship, Customs &amp; Port Security, the Securities and Commodities Authority, and the Virtual Assets Regulatory Authority said in a joint statement that the eligibility criteria for the so-called golden visas doesn't include digital currency investors.
"Eligible categories include real estate investors, entrepreneurs, exceptional talents, scientists and specialists, top students and graduates, humanitarian pioneers, and frontline workers," the statement read.
The three agencies urged the public and investors to be cautious and rely on official government websites and approved communication channels for reliable information.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46149584/why-crypto-investors-are-receiving-internal-revenue-service-warning-letters">Why Crypto Investors Are Receiving Internal Revenue Service Warning Letters</a>
Why It Matters: The clarification comes after Toncoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TON</a>), a cryptocurrency project tied to social messaging giant Telegram, announced a <a href="https://ton.org/en/golden-visa">program </a>that gives users who stake their TON tokens a chance to secure a 10-year Golden Visa to the Gulf country.
Toncoin said users will have to stake $100,000 in TON, which will remain locked for three years, and pay a $35,000 processing fee.&nbsp;
Interestingly, when Binance (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>) founder Changpeng Zhao inquired about the legitimacy of the news, TON Foundation CEO Max Crown said that it was &#8220;definitely real.&#8221;&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Definitely real. DM me. &#x1f680;
&mdash; Max Crown (@crownmax) <a href="https://twitter.com/crownmax/status/1941884239252754610?ref_src=twsrc%5Etfw">July 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The TON Foundation didn't immediately return Benzinga's request for comment.
Price Action:&nbsp; At the time of writing, TON was exchanging hands at $2.81, slipping 2.81% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Read Next:&nbsp;
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</ul>
Photo Courtesy: alfernec on Shutterstock

$BNB

$TON

Are Cryptocurrency Investors Eligible For UAE Golden Visa? Here's What Authorities Are Saying

As AI assistants reshape how consumers search, shop and interact online, they stand to fundamentally disrupt Amazon&#8217;s lucrative retail media business, according to venture capitalist Joe Marchese.
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/AMZN" target="_blank" rel="noreferrer noopener">AMZN stock here.</a>
What Happened: Speaking on the Risk Reversal podcast on Sunday, Marchese discussed the growing threats to retail media since the advent of ChatGPT and other similar tools.
Explaining the role of advertising and media in supporting online commerce, Marchese spoke about the dynamics of search and sponsored placements, and how that is &#8220;pure profit&#8221; for companies such as Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), which is expected to generate $60 billion in revenue through this medium in 2025, according <a href="https://www.warc.com/content/feed/amazon-retail-media-ad-revenue-to-hit-60bn-this-year/10620">to</a> research firm WARC Media.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46268037/after-microsoft-lays-off-9100-workers-xbox-executive-tells-fired-workers-to-turn-to-ai-for-mental-health-help">After Microsoft Lays Off 9,100 Workers, Xbox Executive Tells Fired Workers To Turn To AI For Mental Health Help</a>
This, however, is changing with the rise of ChatGPT and other AI assistants, since users no longer have to go through traditional search before making any purchase decisions.
&#8220;That doesn&#8217;t exist in a world where I just ask ChatGPT, ‘What are the best batteries to get? Okay, buy me those batteries,'&#8221; Marchese says.
Marchese warns that this disruption goes well beyond just Amazon and Google's search ads. &#8220;It's not just search at Google, it&#8217;s search everywhere,&#8221; he said.
Platforms such as DoorDash Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>), Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Instacart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>), with their up-and-coming retail media businesses, are just as vulnerable, according to Marchese.
&#8220;Every business that you think about,&#8221; he says, if they have an advertising business, which is a driver of profitability, then the extent to which it relies on people searching will determine just how much of a disruptor AI will be, since search doesn&#8217;t exist in the world of ChatGPT.
Why It Matters: More than a month ago, the CEO of Perplexity AI, Aravind Srinivas, said the same thing: &#8220;this is the first time in two decades that Google is extremely vulnerable,&#8221; citing its ultra-high-margin search advertising business as a <a href="https://www.benzinga.com/25/05/45536887/this-is-the-first-time-in-two-decades-that-google-is-extremely-vulnerableperplexitys-ceo-breaks-down-search-giants-margin-trap">strategic liability</a> in the ongoing AI arms race.
While AI is quickly emerging as a disruptor for one of Amazon&#8217;s most lucrative businesses, the company is successfully leveraging it to <a href="https://www.benzinga.com/markets/25/06/46003992/amazon-ceo-says-generative-ai-will-reduce-total-corporate-workforce">drive value for advertisers</a>, consumers and investors alike.
Recently, the company&#8217;s CEO, Andy Jassy, said that its AI offerings are currently being used by over 50,000 advertisers to plan, launch and optimize their campaigns on the platform. 
Price Action: Shares of Amazon were up 1.59% on Thursday, trading at $223.41, and are down 0.34% 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="146" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07040802/Screenshot-2025-07-07-at-1.37.49-PM-1024x146.png" alt="" class="wp-image-974264" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07040802/Screenshot-2025-07-07-at-1.37.49-PM-1024x146.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07040802/Screenshot-2025-07-07-at-1.37.49-PM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07040802/Screenshot-2025-07-07-at-1.37.49-PM-768x109.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07040802/Screenshot-2025-07-07-at-1.37.49-PM.png 1532w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Amazon ranks well on Growth, and has a favorable price trend in the short, medium and long terms. 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. 
<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="AI's Assault on Search and Commerce with Joe Marchese" width="500" height="281" src="https://www.youtube.com/embed/xx5jNBazixA?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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Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/topics/25/07/46266251/robert-kiyosaki-calls-ai-the-biggest-change-in-modern-history-he-warns-you-need-to-take-proactive-action-to-avoid-becoming-a-victim">Robert Kiyosaki Calls AI The &#8216;Biggest Change In Modern History.&#8217; He Warns You Need To Take Proactive Action To Avoid Becoming A &#8216;Victim&#8217;</a></li>
</ul>
Photo courtesy: Markus Mainka / Shutterstock.com

AMZN

CART

DASH

AI Assistants Could Break Amazon's $60 Billion Retail Media Business, Warns VC: 'It's Not Just Search At Google — It's Search Everywhere'

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

Earnings

Earnings Scheduled For July 7, 2025

Treasury Secretary Scott Bessent has cautioned that countries failing to negotiate&nbsp;a deal with the U.S.&nbsp;will face a return to higher tariff rates from August 1.
What Happened: During an interview with CNN on Sunday, Bessent echoed President Donald Trump&#8216;s comments from Friday, stating that the &#8220;reciprocal&#8221; tariffs, initially declared on April 2 and paused for 90 days a week later, will officially come into effect on Aug. 1.
Although the 90-day pause is scheduled to conclude on July 9, Bessent clarified that the new effective date does not represent a new deadline or an extension of the original timeline. He emphasized, &#8220;We&nbsp;are saying, this is when&nbsp;it&#8217;s&nbsp;happening. If you want to&nbsp;speed things up, have at&nbsp;it. If you want to&nbsp;go back to the old&nbsp;rate, that&#8217;s your choice.&#8221;
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<iframe loading="lazy" title="One-on-one with Treasury Secretary Scott Bessent" width="500" height="281" src="https://www.youtube.com/embed/ryyvAW52JhU?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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&#8220;On August 1st, you will boomerang back to your April 2nd tariff level,&#8221; stated the Treasury Secretary.
President Trump will reportedly be sending letters to trading partners, warning that if progress is not made, they will face their April 2 tariff level from August 1. Bessent suggested that this move could prompt &#8220;a lot of deals very&nbsp;quickly&#8221;.
In another interview with Fox News, the Treasury Secretary added that Trump&#8217;s strategy has created &#8220;maximum leverage&#8221; before the deadline to strike a deal and that this move will likely prompt a flurry of negotiations in the coming days and weeks.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/politics/25/07/46266316/donald-trumps-approval-rating-jumps-among-baby-boomers-heres-whats-driving-it" target="_blank" rel="noreferrer noopener">Donald Trump&#8217;s Approval Rating Jumps Among Baby Boomers — Here&#8217;s What&#8217;s Driving It</a>
Why It Matters: The looming tariff hike comes in the wake of President Trump&#8217;s earlier threats. On July 4, Trump announced that his administration would begin informing trading partners about <a href="https://www.benzinga.com/news/politics/25/07/46263399/trump-says-us-will-raise-tariffs-to-up-to-70-as-july-9-deadline-looms">new tariffs </a>on their exports starting from July 9, with tariffs scheduled to take effect on August 1. 
The new tariff levels could range from 10% to 70%, as part of Trump's strategy to favor straightforward agreements over complex negotiations.
Furthermore, on July 6, Trump threatened an additional 10% tariff <a href="https://www.benzinga.com/news/politics/25/07/46267477/trump-threatens-10-additional-tariff-on-all-brics-aligned-nations-says-tariff-letters-drop-at-noon-monday">on any country</a> aligning with BRICS' anti-American policies, escalating trade tensions as his July 9 deadline for comprehensive tariff restructuring approached. These developments underscore the U.S. administration&#8217;s aggressive stance on trade negotiations, with the potential to significantly impact global trade dynamics.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/tech/25/07/46267944/tiktok-to-roll-out-new-us-app-as-trump-says-we-pretty-much-have-a-deal-report" target="_blank" rel="noreferrer noopener">TikTok To Roll Out New US App As Trump Says &#8216;We Pretty Much Have A Deal:&#8217; Report</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.

Scott Bessent Says Tariff Rates Set To 'Boomerang Back' In August For Countries Failing To Strike A Deal

Former DOGE advisor and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) investor James Fishback says that Elon Musk's decision to found a political party undermines investor confidence in the EV giant.
What Happened: "My investment firm has decided to postpone next week&#8217;s public listing of our Azoria Tesla Convexity ETF," Fishback said in a post on social media platform X on Sunday.
The investor says that Musk's decision to found a political party creates a "conflict with his full-time responsibilities as CEO of Tesla." He also said that the endeavor takes Musk's focus away from Tesla's employees as well as the investors.
He hailed the EV giant as the "most compelling investment" in AI with Optimus humanoid robots, Full Self-Driving and Robotaxi. He also said Musk's decision to leave DOGE and focus back on Tesla "renewed shareholder confidence."
"Unlike his work with SpaceX or xAI, which complement Tesla's R&amp;D efforts in AI, automation, and engineering, a political party not only fails to complement Tesla's mission—it actively undermines it," Fishback said. 
He also shared a picture of a letter he wrote to the Chair of Tesla's Board of Directors, Robyn Denholm, encouraging a meeting of the board members in regards to Musk's obligations to Tesla.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Elon has gone too far. My investment firm (<a href="https://twitter.com/investazoria?ref_src=twsrc%5Etfw">@InvestAzoria</a>) has decided to postpone next week&#39;s public listing of our Azoria Tesla Convexity ETF. Our decision comes in direct response to <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@ElonMusk</a>'s announcement that he is launching a new national political party. This creates… <a href="https://t.co/d4pGCunY6l">pic.twitter.com/d4pGCunY6l</a>
&mdash; James Fishback (@j_fishback) <a href="https://twitter.com/j_fishback/status/1941694303278870923?ref_src=twsrc%5Etfw">July 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: The comments come in as Musk's decision has invited criticism from U.S. President Donald Trump, who called the America Party <a href="https://www.benzinga.com/news/politics/25/07/46266957/trump-calls-america-party-a-train-wreck-blasts-elon-musk-for-going-completely-off-the-rails-president-says-system-not-designed-for-a-third-player">a "train wreck"</a> in a post on Truth Social, which Trump owns.
Musk has also <a href="https://www.benzinga.com/news/politics/25/07/46267326/elon-musks-america-party-is-a-move-in-the-opposite-direction-says-dan-ives-analyst-gary-black-says-difficult-to-predict-impact-on-tesla-brand-short-term">been criticized by experts</a> like Wedbush Securities' analyst Dan Ives, who said Musk's decision was a "move in the opposite direction" for Tesla. Tesla's stock also <a href="https://www.benzinga.com/markets/tech/25/07/46267743/tesla-shares-fall-over-5-in-overnight-trading-as-elon-musk-jumps-back-into-politics">fell over 5%</a> during overnight trading following the row.
However, amidst this, Musk has rubbished reports of <a href="https://www.benzinga.com/news/politics/25/07/46267705/elon-musk-says-america-first-filing-false-and-has-been-reported-to-the-election-commission">an official filing</a> with the Federal Election Commission under the name America First, with Tesla CFO Vaibhav Taneja identified as the Treasurer.
<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="199" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07033124/TSLA-JUL-7-2025-3-1024x199.jpg" alt="" class="wp-image-974206" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07033124/TSLA-JUL-7-2025-3-1024x199.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07033124/TSLA-JUL-7-2025-3-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07033124/TSLA-JUL-7-2025-3-768x149.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07033124/TSLA-JUL-7-2025-3-1536x299.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07033124/TSLA-JUL-7-2025-3.jpg 1569w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla offers satisfactory Momentum while scoring well on the Growth and Quality metrics, but the stock offers poor Value. For more such insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46267553/elon-musks-tesla-must-embrace-lidar-to-scale-fsd-says-ross-gerber">Elon Musk's Tesla Must Embrace LiDAR To Scale FSD, Says Ross Gerber</a></li>
</ul>
Photo courtesy: Mijansk786 / Shutterstock.com

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