ADC Therapeutics (NYSE:ADCT) Bolsa

ADC Therapeutics

ADC Therapeutics SA is a commercial-stage oncology-focused biotechnology company. It is involved in the development of antibody-drug conjugates for patients suffering from hematological malignancies and solid tumors. The company's FDA-approved and marketed product, ZYNLONTA (loncastuximab tesirine), is a CD19-directed antibody and alkylating agent conjugate indicated for the treatment of adult patients with relapsed or refractory large B-cell lymphoma after two or more lines of systemic therapy. In addition, it also has various other product candidates in its pipeline, such as ADCT-602, Claudin-6, PSMA, NaPi2b, and ASCT2. Geographically, the company generates maximum revenue from the United States, followed by Europe, the Middle East and Africa (EMEA).

ADC Therapeutics SA

On Sunday, Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) <a href="https://www.benzinga.com/general/entertainment/25/01/42759975/squid-game-season-3-everything-you-need-to-know-about-the-thrilling-finale-coming-in-2025">celebrated the finale</a> of "Squid Game" with a parade and star-studded fan event in Seoul, South Korea.
What Happened: A massive Squid Game parade took to the streets of Seoul, featuring towering character installations and figurines from the show, <a href="https://www.koreaherald.com/article/10520053">reported</a> The Korean Herald.
The procession began around 7:50 p.m. and traveled from Gwanghwamun to Seoul Plaza.
Fans lined the streets to see the show's iconic characters, including the giant Young-hee doll, a massive piggy bank representing the prize money and O and X signs symbolizing the show's infamous voting system.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45830549/pierre-ferragu-takes-apple-to-task-for-dismissing-the-ai-revolution-has-its-head-in-the-sand" target="_blank" rel="noreferrer noopener">Pierre Ferragu Takes Apple To Task For Dismissing The AI Revolution: ‘Has Its Head In The Sand'</a>
Following the parade, a fan event kicked off with a media facade projecting iconic Squid Game symbols onto the Seoul Metropolitan Library. Cast members from all three seasons, including Lee Jung-jae ( who played Seong Gi-hun aka Player 456) and Jung Ho-yeon (Player 067), participated in a live discussion, offering behind-the-scenes stories, the report said.
Director Hwang Dong-hyuk also shared emotional reflections, revealing that while the ending was bittersweet, he felt a sense of relief after completing such a monumental project.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: The third and final season of ‘Squid Game' returned to Netflix on June 27.
The first season of Squid Game premiered on Sept. 17, 2021. Within its first month, the show drew in hundreds of <a href="https://www.benzinga.com/general/entertainment/24/08/40112559/squid-game-season-2-ignites-august-buzz-with-netflixs-christmas-lineup-including-nfl-games">millions of households globally</a>, with Netflix revealing that viewers streamed a staggering 1.65 billion hours of the series during those initial four weeks.
Set in South Korea, the story follows 456 financially desperate contestants who enter a covert competition to win a massive cash prize of 45.6 billion Korean won — roughly $38.5 million.
The participants soon discover that the seemingly innocent children's games they must play are deadly and failure means death — only one person can survive.
To this day, Squid Game remains Netflix's top-performing show, racking up over 2.2 billion viewing hours and attracting more than 265 million viewers.
The second season debuted on Dec. 26, 2024, attracting 68 million viewers in its first week, <a href="https://www.benzinga.com/24/12/42751367/netflix-posts-record-debut-with-squid-game-season-2-heres-how-many-people-watched-show">setting a new record</a> for a Netflix series launch.
Benzinga's Edge Stock Rankings show that Netflix's stock continues to trend upward in the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">You can find more detailed performance data here</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/2025/06/30050131/Screenshot-2025-06-30-at-2.29.51%E2%80%AFPM.png" alt="" class="wp-image-966529" /></a></figure>
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Faiz Zaki / Shutterstock.com

Entertainment

Tech

NFLX

Netflix's Squid Game Finale Takes Over Seoul With Massive Parade, Star-Studded Fan Event

The 14th Dalai Lama will address a major three-day gathering of Buddhist religious figures this week ahead of his 90th birthday, as followers await details about his succession in a move that could escalate U.S.-China tensions and impact global market sentiment.
What Happened: Beijing views the Dalai Lama, who fled Tibet in 1959 after a failed uprising against Chinese rule, as a separatist and claims authority to choose his successor. The Dalai Lama, according to Reuters, has stated his successor will be born outside China and urged followers to reject anyone chosen by Beijing.
The religious conference, being held for the first time since 2019, will feature more than 100 Tibetan Buddhist leaders and a video statement from the Dalai Lama. Hollywood actor Richard Gere will attend the gathering in Dharamshala, India, according to organizers.
See Also: <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46163141/trump-says-hell-skip-trade-deals-set-global-tariffs-with-a-letter-pay-a-25-tariff-or-20-or-40-or-50">Trump Says He&#8217;ll Skip Trade Deals, Set Global Tariffs With A Letter: &#8216;Pay A 25% Tariff, Or 20%, Or 40 Or 50%&#8217;</a>
Why It Matters: A bipartisan congressional delegation headed by Rep.&nbsp;Michael McCaul&nbsp;(R-Texas) and including Rep.&nbsp;Nancy Pelosi&nbsp;(D-Calif.), the former Speaker of the House of Representatives,&nbsp;<a href="https://www.benzinga.com/news/24/06/39393913/nancy-pelosis-visit-to-dalai-lama-tibetan-parliament-in-exile-angers-china-ahead-of-biden-signing-ke">visited the Dalai Lama in June 2024</a> to discuss legislation pressuring China on the Tibet dispute.
&#8220;China is trying to grab this institution for its political purpose,&#8221; said Dolma Tsering Teykhang, deputy speaker of the Tibetan parliament-in-exile, highlighting the geopolitical stakes that could affect Sino-American relations and global trade dynamics.
The Dalai Lama established the Gaden Phodrang Foundation in 2015 to oversee succession protocols, ending a 368-year tradition of combined spiritual and temporal leadership by transferring political authority to democratically elected officials in 2011.
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</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: 360b / Shutterstock.com

Politics

Dalai Lama To Deliver Major Address On 90th Birthday As China Tracks Succession Moves

VinFast Auto India, the Indian subsidiary of global electric vehicle leader VinFast, announces a strategic service collaboration signing with myTVS, a leading automotive service provider in the country. As part of its commitment to enhancing customer experience, VinFast aims to establish 120 Extended Service Workshops by partnering with potential service providers to boost its aftersales operations across India.

News

VinFast Partners With myTVS To Strengthen After-Sales Service Network In India

Leading macro strategist, Craig Shapiro, is warning that President Donald Trump&#8217;s proposal to lean more in favor of short-term Treasury bills could have major ramifications for the U.S. Dollar.
What Happened: On Sunday, in a post on X, Shapiro warned against Trump&#8217;s intention to avoid issuing 10-year treasury notes that currently trade at high interest rates, opting instead for shorter-term Treasury bills with substantially lower interest rates.
The post is referring to Trump&#8217;s interview with Fox News&#8217; &#8220;Sunday Morning Futures,&#8221; where he said, &#8220;I don't want to have to pay for 10-year debt at a higher rate,&#8221; when talking about the $9 trillion in US debt that is set to mature this year.
Shapiro highlighted the implications of such a shift, warning that leaning towards short-term debt issuance could destabilize the long-term U.S. fiscal outlook. 
See Also: <a href="https://www.benzinga.com/markets/bonds/25/06/46094241/bond-bulls-look-to-brazil-india-indonesia-as-emerging-market-debt-rallies">Bond Bulls Look To Brazil, India, Indonesia As Emerging Market Debt Rallies</a>
&#8220;If this bills-over-bonds issuance dynamic really happens, you can kiss the $ goodbye,&#8221; he says, bringing attention to the kind of impact this is set to have on the U.S. Dollar.
Shapiro then asks his followers if they&#8217;ve got gold and Bitcoin in store for such an eventuality, highlighting the broader flight-to-safety sentiments among investors, alongside the hedging potential of these assets at the time of currency debasement.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">TRUMP: DON&#39;T WANT TO HAVE TO PAY FOR 10YR DEBT AT A HIGHER RATE If this bills over bonds issuance dynamic really happens, you can kiss the $ goodbye. Got gold / bitcoin?
&mdash; Craig Shapiro (@ces921) <a href="https://twitter.com/ces921/status/1939331562085998715?ref_src=twsrc%5Etfw">June 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Early this year, before the Trump administration came to power, Charles Gasparino, a New York Post columnist, had criticized former Treasury Secretary Janet Yellen for the same approach.
Gasparino warned that Yellen&#8217;s preference for rolling over short-term bonds instead of issuing long-term debt had &#8220;masked the severity&#8221; of the <a href="https://www.benzinga.com/news/25/01/42808340/janet-yellens-short-term-debt-strategy-sparks-warnings-for-trump-administration-your-costs-explode-and-buyers-could-balk-says-expert">federal deficit problem</a>, while setting up a potential crisis for the incoming administration. 
<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">Side note to my column; a few weeks ago I wrote about the other ticking time bomb&#8211;Yellen papering the deficit by rolling over short term debt <a href="https://t.co/YzR4LKRTgV">https://t.co/YzR4LKRTgV</a>. It&#39;s worth noting that the severity of the debt problem has been masked because Yellen didn&#39;t issue 10-year…
&mdash; Charles Gasparino (@CGasparino) <a href="https://twitter.com/CGasparino/status/1875919713106038969?ref_src=twsrc%5Etfw">January 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
&#8220;You can&#8217;t do that forever,&#8221; he said, noting that &#8220;traders will demand much higher rates to issue long-term debt, which will blow out interest rates on credit cards, mortgages, etc,&#8221; which he says could result in a recession, or worse, in a post on X. 
Price Action: U.S. 10-Year Treasuries trade at 4.253%, the 30-Year at 4.81%, while the 2-Year note offers a yield of 3.27%, at the time of writing this.
Read More:
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<li><a href="https://www.benzinga.com/personal-finance/financial-advisors/25/06/46159576/is-the-bond-market-panic-overblown-and-being-driven-by-inexperienced-investors-morgan-stanley-thinks-so">Is The Bond Market Panic Overblown And Being Driven By Inexperienced Investors? Morgan Stanley Thinks So</a></li>
</ul>
Photo courtesy: Shutterstock

Bonds

Trump's 'Bills Over Bonds' Strategy Can Spell Doom For The Dollar, Warns Craig Shapiro: 'Got Gold, Bitcoin?'

Florida Sen.&nbsp;Rick Scott&nbsp;(R) and several Republican colleagues have proposed an amendment to President Donald Trump&#8216;s healthcare bill that could significantly cut Medicaid spending.
What Happened: The amendment, if passed, would restrict&nbsp;the expansion of Medicaid under&nbsp;the&nbsp;Affordable Care Act, also known&nbsp;as ObamaCare,&nbsp;<a href="https://thehill.com/homenews/senate/5376222-scott-pushes-medicaid-reduction/">reported</a>&nbsp;The Hill on&nbsp;Sunday. This could lead to an additional $313 billion cut in Medicaid spending by blocking able-bodied adults without dependent children in Medicaid expansion states from receiving the enhanced 9-to-1 Federal Medical Assistance Percentage (FMAP).
A preliminary analysis by the Congressional Budget Office (CBO) estimated that the Senate bill would cut Medicaid spending by $930 billion, even without Scott's proposed amendment. If the amendment is adopted, it could slash future Medicaid spending by an additional $1.24 trillion. Scott's office claims the amendment alone would save $313 billion over the next decade.
Scott, along with&nbsp;Sen. Mike Lee&nbsp;(R-Utah) and&nbsp;Sen. Ron Johnson&nbsp;(R-Wis.), have been actively persuading&nbsp;Republican colleagues to vote for&nbsp;the amendment. Senate Majority Leader&nbsp;John Thune&nbsp;(R-S.D.) has pledged his support for the amendment.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/politics/25/06/46160509/irans-top-diplomat-to-un-says-uranium-enrichment-to-continue-an-inalienable-right" target="_blank" rel="noreferrer noopener">Iran&#8217;s Top Diplomat To UN Says Uranium Enrichment To Continue: An &#8216;Inalienable Right&#8217;</a>
Why It Matters: The proposed Medicaid cut is part of a broader Republican effort to reform healthcare spending. The move comes amid growing concerns about the sustainability of Medicaid and other social welfare programs, particularly in light of the recent&nbsp;<a href="https://www.benzinga.com/personal-finance/management/25/06/46014120/social-security-and-medicare-funds-could-run-dry-earlier-than-expected-new-report-shows">warnings</a>&nbsp;that the Social Security and Medicare funds could run dry earlier than expected.
Earlier this year, House Speaker&nbsp;Mike Johnson&nbsp;(R-La.)&nbsp;<a href="https://www.benzinga.com/news/politics/25/06/45716936/speaker-mike-johnson-says-4-8-million-wont-lose-medicaid-unless-they-choose-to-do-so-calls-gop-cuts-an-important-and-frankly-heroic-thing">defended</a>&nbsp;the GOP&#8217;s proposed Medicaid cuts, arguing that those who lose Medicaid will do so by personal choice. However, the proposed cuts have also sparked&nbsp;<a href="https://www.benzinga.com/personal-finance/25/03/44098458/if-a-bill-is-put-in-front-of-me-that-guts-benefits-i-will-not-vote-for-it-gop-faces-internal-divide-over-medicaid-cuts">internal divisions</a>&nbsp;within the Republican party, with some members warning that drastic reductions could harm millions of Americans who rely on the program.
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<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/equities/25/06/46109576/buffett-premium-fading-away-the-oracle-of-omahas-retirement-casts-shadow-on-berkshire-hathaways-stock-value-report" target="_blank" rel="noreferrer noopener">&#8216;Buffett Premium&#8217; Fading Away? The Oracle Of Omaha&#8217;s Retirement Casts Shadow On Its Stock Value: Report &#8211; Benzinga</a></li>
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 Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Senate Republicans Propose $313 Billion Cut In Medicaid Spending In Trump's 'Big, Beautiful Bill'

Council brings together leading academics from MIT, Stanford and Georgetown to advise on AI-human workforce design, identify labor market shifts, and guide Upwork's AI-powered evolution

UPWK

Upwork Taps Top Economists From MIT, Stanford, And Georgetown To Shape Future Of AI-Driven Work

Globavend Expands E-Commerce Logistics Presence Through Strategic Alliance With Leading Beauty Retailer Strawberrynet

UniFirst Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) will release earnings results for the third quarter, before the <a href="https://www.benzinga.com/quote/UNF/earnings">opening bell on Wednesday, July 2.</a>
Analysts expect the Wilmington, Massachusetts-based company to report quarterly earnings at $2.09 per share, down from $2.20 per share in the year-ago period. UniFirst projects to report quarterly revenue of $614.5 million, compared to $603.33 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On April 8, Unifirst disclosed a new $100 million share repurchase authorization.
UniFirst shares gained 0.2% to close at $186.32 on Friday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/UNF/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Barclays analyst Manav Patnaik downgraded the stock from Equal-Weight to Underweight and cut the price target from $180 to $152 on April 4, 2025. This analyst has an accuracy rate of 78%.</li>
<li>UBS analyst Joshua Chan maintained a Neutral rating and raised the price target from $194 to $196 on April 3, 2025. This analyst has an accuracy rate of 63%.</li>
<li>Baird analyst Andrew Wittmann maintained a Neutral rating and cut the price target from $218 to $197 on April 3, 2025. This analyst has an accuracy rate of 78%.</li>
<li>JP Morgan analyst Andrew Steinerman maintained an Underweight and raised the price target from $170 to $175 on June 27, 2024. This analyst has an accuracy rate of 78%.</li>
</ul>
Considering buying UNF stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/UNF/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="570" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30045745/image-431-1024x570.png" alt="" class="wp-image-966526" style="width:523px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30045745/image-431-1024x570.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30045745/image-431-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30045745/image-431-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30045745/image-431.png 1132w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Earnings

Price Target

Markets

Analyst Ratings

Trading Ideas

UniFirst Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

CME Group Unveils FX Tape+ To Deliver Centralized Reference Pricing From Transparent FX Marketplaces

Treasury holdings as of June 30, 2025:
<ul>
<li>Hyperliquid (HYPE): 79,775 tokens</li>
<li>Solana (SOL): 6,629 tokens</li>
<li>Sui (SUI): 356,129 tokens</li>
</ul>

LGHL

LGHL Reaches Strategic Milestone With $5M In Combined HYPE, Solana, And Sui Acquisitions For Multi-Chain Treasury Strategy

Carnival plc Announces Private Offering Of €1B New Senior Unsecured Notes Due 2031; Proceeds To Refinance Secured Term Loan Facilities

<ul>
<li>Approval based on Phase III SACHI Trial results which showed a 66% reduced risk of progression or death as compared to&nbsp;platinum-based chemotherapy&nbsp;—</li>
<li>The only all-oral combination treatment option for these patients&nbsp;</li>
<li>&nbsp;Consistent benefit regardless of first-line EGFR inhibitor&nbsp;therapy&nbsp;—</li>
</ul>

HUTCHMED Receives China NMPA Approval For ORPATHYS In Combination With TAGRISSO For Treatment Of EGFRm NSCLC Patients With MET Amplification After Progression On EGFR Inhibitor Therapy

SpaceX and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk&#8216;s vision for Mars as a political project was reportedly thwarted in 2024 due to concerns about AI and political interference, according to a conversation revealed by Peter Thiel.
What Happened:&nbsp;Peter Thiel, the co-founder of PayPal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), disclosed a conversation he had with Elon Musk in 2024 in an <a href="https://www.nytimes.com/2025/06/26/opinion/peter-thiel-antichrist-ross-douthat.html">interview </a>with The New York Times on Thursday.
Elon Musk reportedly told Thiel &#8220;There's nowhere to go&#8221; after the PayPal co-founder said he wanted to leave the U.S. if Donald Trump doesn&#8217;t become the President. 
&#8220;It was about two hours&nbsp;after we had dinner and&nbsp;I was home that I&nbsp;thought of: &#8220;Wow, Elon, you&nbsp;don&#8217;t&nbsp;believe in going to Mars&nbsp;anymore,&#8221; Thiel said. 
Thiel claimed that Demis Hassabis&nbsp;CEO of Google&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) DeepMind,&nbsp; warned Musk that his AI could follow humans to Mars. This revelation reportedly led to Musk&#8217;s silence and a shift in his perspective on the Mars project.
According to Thiel, it took Musk until 2024 to fully process the implications of this conversation. He began to view Mars not just as a scientific endeavor, but as a political project that could be influenced by external factors like AI and government policies.
&#8220;2024 is the year where&nbsp;Elon stopped believing in Mars&nbsp;— not as a silly&nbsp;science tech project, but as&nbsp;a political project,&#8221; stated Thiel.
&#8220;And in 2024 Elon came to believe that if you went to Mars, the socialist U.S. government, the woke A.I. would follow you to Mars.&#8221;
SpaceX did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/politics/25/06/46160509/irans-top-diplomat-to-un-says-uranium-enrichment-to-continue-an-inalienable-right" target="_blank" rel="noreferrer noopener">Iran&#8217;s Top Diplomat To UN Says Uranium Enrichment To Continue: An &#8216;Inalienable Right&#8217;</a>
Why It Matters: Despite Theil&#8217;s claims, reports in May indicated that Musk&#8217;s SpaceX was <a href="https://www.benzinga.com/government/regulations/25/05/45606144/after-fiery-setbacks-elon-musks-spacex-doubles-down-on-starship-for-bold-2026-mars-push-report">intensifying efforts</a>&nbsp;to prepare its experimental Starship rocket for a potential Mars mission in 2026.
Moreover, Musk has long been an advocate for Mars colonization, citing it as humanity&#8217;s &#8220;life insurance&#8221; policy. In a separate interview in May 2025, Musk warned that Earth&nbsp;<a href="https://www.benzinga.com/startups/25/05/45480331/elon-musk-says-earth-only-has-10-of-its-life-left-before-its-incinerated-by-the-sun-calls-colonizing-mars-humanitys-life-insurance-polic">only has 10% of its life left</a>&nbsp;before it&#8217;s &#8220;incinerated&#8221; by the sun, making Mars colonization essential for humanity&#8217;s survival.
Despite his concerns about AI, Musk has also invested in several AI startups, including DeepMind, following a warning from Hassabis about the <a href="https://www.benzinga.com/news/topics/25/05/45710311/elon-musk-called-ai-an-existential-risk-for-human-civilization-yet-he-invested-early-in-deepmind-after-this-warning-from-co-founder-demis-hassabis">dangers </a>of advanced AI to human civilization. This apparent contradiction in Musk&#8217;s actions and beliefs raises questions about the future of his Mars ambitions.
<ul class="wp-block-list">
<li>READ MORE:<a href="https://www.benzinga.com/news/space/25/06/46090664/india-may-have-been-to-mars-and-moon-but-an-indian-hasnt-been-in-space-for-41-years-elon-musk-just-changed-that"> India May Have Been To Mars And Moon, But An Indian Hasn&#8217;t Been In Space For 41 Years: Elon Musk Just Changed That</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.

SPACE

GOOG

GOOGL

PYPL

TSLA

Elon Musk Stopped Believing In Mars Dream As A 'Political Project' In 2024, Says Peter Thiel Amid 'Woke AI' And 'Socialist Government' Fears

The landmark trade agreement between President Donald Trump and British Prime Minister Keir Starmer officially took effect Monday, delivering immediate tariff relief for the United Kingdom&#8217;s automotive and aerospace exports to the United States.
What Happened: The deal reduces U.S. tariffs on UK cars from 27.5% to 10%, creating a quota system allowing up to 100,000 British vehicles annually at the reduced rate. 
This represents significant savings for manufacturers, with the British government estimating hundreds of millions in annual cost reductions that could protect hundreds of thousands of jobs.
The aerospace sector secured even greater benefits. U.S. tariffs on UK aircraft parts and engines, previously at 10%, were eliminated. This directly benefits companies like Rolls-Royce Holdings Plc, <a href="https://www.benzinga.com/politics/25/05/45293839/trump-starmer-strike-us-uk-trade-deal-steel-cars-beef">which supplies engines</a> to Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>).
&#8220;British car manufacturers can now export to the U.S. at a significantly reduced 10% tariff rate &#8211; down from 27.5% &#8211; and aerospace goods will see 10% tariffs removed, saving sectors hundreds of millions each year,&#8221; said Business and Trade Secretary Jonathan Reynolds.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/46162859/trump-threatens-to-cut-federal-funding-for-nyc-if-zohran-mamdani-doesnt-do-the-right-thing-as-future-mayor-if-he-does-get-in-im-going-to-be-president">Trump Threatens To Cut Federal Funding For NYC If Zohran Mamdani Doesn&#8217;t Do The &#8216;Right Thing&#8217; As Future Mayor: &#8216;If He Does Get In, I&#8217;m Going To Be President&#8230;&#8217;</a>
Why It Matters: The agreement has drawn <a href="https://www.benzinga.com/25/05/45314561/trumps-uk-trade-deal-draws-criticism-from-ford-gm-stellantis-this-hurts-american-automakers-suppliers-and-auto-workers">criticism from major U.S. automakers</a> in May. The American Automotive Policy Council, representing General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), and Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), argued the deal creates unfair competition. &#8220;It will now be cheaper to import a UK vehicle with very little U.S. content than a USMCA-compliant vehicle from Mexico or Canada that is half American parts,&#8221; the group stated.
University of Michigan economist Justin Wolfers called the luxury car exemptions &#8220;politically insane,&#8221; noting that high-end brands like Bentley and Aston Martin effectively <a href="https://www.benzinga.com/25/05/45342313/trumps-uk-trade-carveouts-baffles-economist-justin-wolfers-bentley-rolls-royce-exemption-is-politically-insane">dodge tariffs while basic commodities face duties</a>.
The UK becomes the only country to secure such preferential treatment under Trump&#8217;s tariff regime. The deal also eliminates the 50% global tariff on UK steel and aluminum, with commitments to work toward zero tariffs on core steel products.
This marks the first major trade breakthrough since Trump paused global tariffs for 90-day negotiations in April. 
Read Next: 
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Joshua Sukoff / Shutterstock.com

STLA

Trump–Starmer Trade Deal Kicks In: UK Luxury Cars Get 10% Tariff, Rolls-Royce Engines Fly Duty-Free Into US

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Friday.
U.S. stocks settled higher on Friday, with the S&amp;P 500 surging to fresh records during the session as investors responded to easing trade tensions and geopolitical risks with robust buying.
President Donald Trump said the U.S. is in the process of finalizing multiple trade agreements, suggesting that four to five deals are either completed or close to completion ahead of a key July 9 deadline. Sentiment was further lifted after Commerce Secretary Howard Lutnick confirmed a new U.S.-China trade accord that includes tariff reductions and safeguards for rare earth imports.
Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) jumped 15% on Friday after reporting quarterly earnings that crushed Wall Street expectations. Boeing Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) advanced 6% following a bullish analyst note from RedBurn Atlantic.
Most sectors on the S&amp;P 500 closed on a positive note, with communication services, consumer discretionary and industrials stocks recording the biggest gains on Friday. However, energy and health care stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 432 points to 43,819.27 on Friday. The S&amp;P 500 rose 0.52% to 6,173.07 with the index gaining as much as 0.76% to a high of 6,187.68 earlier during the session, while the Nasdaq Composite climbed 0.52% to 20,273.46 during Friday's session.
Investors are awaiting earnings results from Progress Software Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) and Quantum Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 64.6, the index remained in the &#8220;Greed&#8221; zone on Friday, versus a prior reading of 62.7.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Photo courtesy: Shutterstock

Pre-Market Outlook

PRGS

QMCO

S&P Hits Record High Amid Easing Trade Tensions: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) continues to solidify its position as a frontrunner in monetizing artificial intelligence (AI), driving substantial gains for investors, explains Nigam Arora as he raises his price target on the Windows maker.
What Happened: According to a <a href="https://blog.thearorareport.com/msft-250627/">recent note</a> from the Arora Report, Microsoft, currently trading at $494.24, has seen an astounding 1403% gain since the company&#8217;s original long position on the stock at $32.88.
Microsoft&#8217;s strategic initiatives, including the integration of Copilot into Office, Dynamics, and Teams, are significantly deepening subscription revenues, explains Arora. The rollout of Copilot Plus PCs is further set to boost on-device AI capabilities, expanding the company&#8217;s reach.
Azure, Microsoft&#8217;s cloud computing arm, remains a compelling growth driver, exhibiting double-digit growth that is currently outstripping competitors and maintaining healthy margins. The recent breakout in MSFT&#8217;s stock technicals further reinforces this positive momentum.
Despite certain risks, the commentary points to a strong conviction in Microsoft&#8217;s continued upward trajectory.
The Arora Report has raised its target zone for MSFT to an ambitious $713 – $726, suggesting an expected gain of approximately 44% from current levels.
For new investors, the report advises a cautious approach, recommending limiting initial positions and planning to scale up if the stock experiences a dip.
Existing holders are encouraged to maintain their positions, capitalizing on Microsoft&#8217;s leading role in the AI revolution.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/46108861/microsoft-is-playing-chess-and-others-are-playing-checkers-dan-ives-says-msft-could-be-a-5-trillion-company-in-18-months">Microsoft Is &#8216;Playing Chess, And Others Are Playing Checkers:&#8217; Dan Ives Says MSFT Could Be A $5 Trillion Company In 18 Months</a>
Why It Matters: However, the Arora Report&#8217;s comprehensive 360-degree analysis also highlights crucial risks.
The intensifying competition in the cloud computing space from Amazon.com Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) AWS and Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) subsidiary Google&#8217;s Cloud platform presents a notable challenge.
Furthermore, potential supply constraints on advanced chips, vital for AI infrastructure, could impede growth. The increasing scrutiny and tightened regulation of cloud platforms and AI technologies also pose regulatory hurdles that Microsoft must navigate.
Price Action: MSFT shares ended 0.30% lower at $495.94 apiece on Friday. It has risen by 18.48% on a year-to-date basis and 8.58% over the past year.
Benzinga Edge Stock Rankings shows that MSFT had a stronger price trend over the short, medium, and long term. Its momentum ranking was solid; however, its value ranking was poor at the 13.24th percentile. The details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="154" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30030311/MSFT-Edge-new-latest-1024x154.png" alt="" class="wp-image-966348" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30030311/MSFT-Edge-new-latest-1024x154.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30030311/MSFT-Edge-new-latest-300x45.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30030311/MSFT-Edge-new-latest-768x115.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30030311/MSFT-Edge-new-latest.png 1165w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></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, ended higher on Friday. The SPY was up 0.50% at $614.91, while the QQQ advanced 0.34% to $548.09, according to Benzinga Pro data.
After hitting a fresh record on Friday, the futures of the S&amp;P 500, Nasdaq 100, and Dow Jones indices were trading higher on Monday.
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Tada Images / Shutterstock.coma

Equities

AMZN

MSFT

Microsoft Stock Could Soar 44% On AI Boom, Analyst Says — But There's A Catch

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects Progress Software Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) to report quarterly earnings at $1.30 per share on revenue of $237.52 million after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Progress Software shares gained 0.4% to $64.00 in after-hours trading.</li>
<li>Exicure Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) posted earnings of 49 cents per share, versus a year-ago loss of 48 cents per share. Exicure shares gained 2.6% to $6.04 in the after-hours trading session.</li>
<li>Analysts are expecting Quantum Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) to post a loss at $1.17 per share on revenue of $65.95 million for the latest quarter. The company will release earnings after the markets close. Quantum shares rose 0.1% to $9.05 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>Venus Concept Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) shares rose sharply in after-hours trading after Madryn Asset Management increased its stake in the company to 85.5%. Venus Concept shares jumped 43.6% to $3.13 in the after-hours trading session.</li>
<li>IGC Pharma, Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IGC#AMEX">IGC</a>) reported a quarterly loss of 1 cent per share, versus market estimates of a loss of 2 cents per share. The company reported quarterly sales of $330,000, which beat the analyst consensus estimate of $305,000. IGC Pharma shares fell 0.3% to close at $0.3090 on Friday.</li>
</ul>
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Photo courtesy: mariakray / Shutterstock.com

VERO

XCUR

Progress Software, Exicure And 3 Stocks To Watch Heading Into Monday

JVSA

Reported Friday, Hotel101 Global To Begin Nasdaq Trading As "HBNB" Following JVSPAC Merger Approval, To Begin Trading On July 1, 2025

<h3>Companies Reporting Before The Bell</h3>
<h3>Companies Reporting After The Bell</h3>
• Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) is expected to report quarterly earnings at $1.30 per share on revenue of $237.23 million. 
• Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) is projected to report earnings for its fourth quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Scheduled For June 30, 2025

Reported Friday, SBC Medical Group Holdings Joins Russell 3000 Index Following 2025 Indexes Reconstitution

Press Releases

ADC Therapeutics Announces Preclinical Data Highlighted at the American Association for Cancer Research Annual Meeting 2025

ADC Therapeutics to Host First Quarter 2025 Financial Results Conference Call on May 14, 2025

ADC Therapeutics Announces Presentation of LOTIS-7 Clinical Trial Data at the European Hematology Association 2025 Congress (EHA2025) and the 18th International Conference on Malignant Lymphoma (ICML)

ADC Therapeutics Reports First Quarter 2025 Financial Results and Provides Operational Update

ADC Therapeutics to Present at Upcoming Investor Conferences

ADC Therapeutics Makes Grants to New Employees Under Inducement Plan

ADC Therapeutics Announces Updated Data from LOTIS-7 Clinical Trial Presented at the European Hematology Association 2025 Congress

ADC Therapeutics Announces $100 Million Private Placement Extending Expected Cash Runway into 2028

ADC Therapeutics Announces Updated ZYNLONTA® Investigator-Initiated Trial Data in R/R Marginal Zone Lymphoma Presented at 18th International Conference on Malignant Lymphoma (ICML)

Small Cap

Opinion

The $900 Billion Question: Who Will Deliver the Next Cancer Breakthrough?

ADCT

CTOR

ONCY

OSTX

TEVA

TEVJF

TSX:ONC

RBC Capital

Guggenheim

HC Wainwright & Co.

Stephens & Co.

ADC Telecom

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