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AIM ImmunoTech Inc is an immuno-pharma company focused on the research and development of therapeutics to treat multiple types of cancers, viral diseases, and immune-deficiency disorders, and to treat cancers for which there are currently inadequate or unmet therapies. Its flagship products are Ampligen (rintatolimod) and Alferon N Injection (Interferon alfa). Ampligen is a double-stranded RNA (dsRNA) molecule being developed for globally important cancers, viral diseases, and disorders of the immune system. Ampligen is approved for commercial sale in the Argentine Republic for the treatment of severe Chronic Fatigue Syndrome (CFS).

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On Wednesday, Cathie Wood&#8217;s Ark Invest made significant trades, with the most prominent being in Beam Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAM#NASDAQ">BEAM</a>), GitLab Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>), Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), Roblox Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), Kratos Defense and Security Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>), Cloudflare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>), CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) and Avidxchange Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVDX#NASDAQ">AVDX</a>).
The BEAM Trade: Ark Invest&#8217;s ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>) purchased 349,264 shares of Beam Therapeutics. The biotech company&#8217;s stock has been on the radar of many investors due to its innovative approach to genetic medicines.
The value of this trade, based on the day&#8217;s closing price, is approximately $6.25 million.
The GTLB Trade: GitLab also saw significant buying activity from Ark Invest. The ARKK and ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>) bought a combined total of 227,698 shares of the software company. GitLab has been gaining traction in the tech industry with its single application for the entire software development lifecycle. The total value of this trade is around $9.88 million.
The PLTR Trade: In contrast to the buying activity in BEAM and GTLB, Ark Invest sold shares of Palantir Technologies across its ARKK, ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>), and ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>).
This move comes after <a href="https://www.benzinga.com/25/05/45242668/cathie-wood-sells-41-million-worth-of-palantir-shares-following-post-earnings-plunge">Palantir&#8217;s stock faced pressure</a>, despite surpassing first-quarter earnings expectations, and amid a brewing controversy surrounding the company's alleged involvement in a surveillance program.
The total shares sold amounted to 53,829, with a value of around $7.34 million.
Other Key Trades:
<ul class="wp-block-list">
<li>Roblox Corp: Ark Invest sold 98,362 shares via the ARKK ETF.</li>
<li>Kratos Defense and Security Solutions Inc: Ark Invest sold a combined total of 83,378 shares across the ARKQ and ARKX ETFs.</li>
<li>Cloudflare Inc: Ark Invest sold 5,193 shares via the ARKW ETF.</li>
<li>CrowdStrike Holdings Inc: Ark Invest sold 1,969 shares via the ARKW ETF.</li>
<li>CoreWeave Inc: Ark Invest sold 12,728 shares via the ARKW ETF.</li>
<li>Avidxchange Holdings Inc: Ark Invest sold 96 shares via the ARK Fintech Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#BATS">ARKF</a>).</li>
</ul>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: ChrisStock82 / Shutterstock.com

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Cathie Wood's Ark Invest Continues To Offload Palantir, Loads Up On Beam Therapeutics, GitLab

Leading cryptocurrencies dipped on Wednesday despite lower-than-expected inflation and the new trade deal announcement with China.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:30 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-1.18%</td>
<td>$108,619.39</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.53%</td>
<td>$2,772.61</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-2.71%</td>
<td>$0.1928</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin reached a high of $110,384.22 in the early trading hours before falling to the $108,000 region by late evening.
Ethereum's rally also got halted as the second-largest cryptocurrency took a U-turn after cruising to $2,877.63.&nbsp;
Meanwhile, ETH's market dominance hit 9.8%, the highest since the end of February. BTC's share remained steady at 63.3%.
About $293 million was liquidated from the cryptocurrency market in the last 4 hours, with $198 million in bullish long bets wiped out.
Bitcoin's Open Interest fell further by 1.62% in the last 24 hours. The majority of Binance traders with open BTC positions remained short, according to the Long/Short ratio.
"Greed" sentiment continued to dominate the market, according to the Crypto Fear &amp; Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:30 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kaia (KAIA)</td>
<td>+14.84%</td>
<td>$0.1649</td>
</tr>
<tr>
<td>Vaulta (A) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+3.24%</td>
<td>$0.6171</td>
</tr>
<tr>
<td>AB (AB)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.88%</td>
<td>$0.01158 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.41 trillion, following a decline of 1.46% in the last 24 hours.
Stocks pulled back on Wednesday. The S&amp;P 500 slipped 0.27% to end at 6,022.24. The tech-heavy Nasdaq Composite lost 0.50% to close at 19,615.88. The Dow Jones Industrial Average ended on the flatline, down 1.1 points to 42,865.77.
The Consumer Price Index <a href="https://www.benzinga.com/markets/economic-data/25/06/45881899/inflation-resumes-climb-in-may-but-tariffs-have-yet-to-hit-consumers">rose 2.4% in May</a>, undercutting the 2.5% projected by economists. The softer numbers boosted expectations for Federal Reserve rate cuts later this year. According to the CME FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>, traders priced in a 61% chance of a 25 basis point cut during September's FOMC meeting.
In other news, Trump <a href="https://www.benzinga.com/news/25/06/45882971/wall-street-eyes-record-highs-as-trump-seals-china-deal-soft-inflation-eases-tariff-jitters">declared a new trade agreement</a> with China following two days of negotiations in London.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Cryptocurrency analyst and trader Ali Martinez said Bitcoin needs to hold above $108,300 to maintain "bullish momentum," and losing it could trigger a drop to $107,000.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> needs to hold above $108,300 to maintain bullish momentum. Losing this level could trigger a drop to $107,000! <a href="https://t.co/67FsmlFtar">pic.twitter.com/67FsmlFtar</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1932921521145852008?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Blockchain analytics firm Santiment has noticed that retail sentiment has turned bullish as Bitcoin teases all-time highs.
"There are more than double the amount of positive BTC comments vs. negative across social media, the highest ratio since Trump was elected over 7 months ago," Santiment stated.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f60d; With Bitcoin teasing its $112K all-time high the past couple days, retail has gotten bullish. There are more than double the amount of positive <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> comments vs. negative across social media, the highest ratio since Trump was elected over 7 months ago. <a href="https://t.co/kdb4ZtDwIq">pic.twitter.com/kdb4ZtDwIq</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1932835175638942171?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
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Photo Courtesy: Wit Olszewski on Shutterstock.com

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Bitcoin, Ethereum, Dogecoin Fail To Cheer Softer Inflation, China Trade Deal: Analyst Says BTC Needs To Hold Above This Level To Maintain 'Bullish Momentum'

The White House just unveiled a sweeping set of executive actions aimed at bolstering the future of America&#8217;s defense and aviation.
What Happened: On Wednesday, President Donald Trump signed three executive orders aimed at revitalizing the country&#8217;s stalled aerospace ambitions, targeting the domestic production of drones, supersonic jets, and even electric vertical takeoff and landing (eVTOL) aircraft.
The orders, announced by the White House Office of Science and Technology Policy (OSTP), are designed to slash regulatory red tape, bolster U.S. supply chains, and accelerate real-world deployment of next-generation aviation.
&#8220;Decades of regulatory gridlock have grounded advancements in drones, flying cars, and supersonic flight in the U.S.&#8221; said OSTP Director Michael Kratsios, while adding that &#8220;President Trump's actions will unleash a new era of American aviation dominance, fostering innovation, driving economic growth, and protecting our national security.&#8221;
See Also: <a href="https://www.benzinga.com/news/legal/25/06/45895643/disney-universal-studios-sue-ai-image-generator-midjourney-for-copyright-infringement">Disney, Universal Studios Sue AI-Image Generator Midjourney For Copyright Infringement</a>
Among the key provisions of the orders include routine beyond-line-of-sight drone operations, that is allowing drones to fly beyond the visual range of operators. Followed by a pilot program for eVTOL aircraft for EMS, cargo, and defense logistics, alongside the repealing of longstanding rules that block supersonic flight testing.
The White House believes this regulatory overhaul will &#8220;empower our domestic drone economy to assist with critical infrastructure, emergency response, and long-distance cargo and medical delivery.&#8221;
The orders also address the growing security threats posed by criminal and foreign drone activity. According to the fact sheet, the administration will prioritize &#8220;real-time detection and identification of drones to safeguard national security.&#8221;
Why It Matters: This comes just a week after another Presidential executive order was signed, creating the &#8220;eVTOL Integration Pilot Program&#8221; (ePIPP), which establishes a <a href="https://www.benzinga.com/content/45892255/government-mandate-sends-evtol-stocks-flying">clearer regulatory runway</a> for the sector.
The move marks a significant pivot in U.S. aviation policy and has since led to a rally in several U.S. defense and aviation stocks. Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>), which develops eVTOL aircraft, was up 6.94% on Wednesday following the announcement, with Joby Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) following suit with 2.01% gains.
Drone maker, AeroVironment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) was down 0.05% during the day, but is up 0.78% after hours, owing to the same, while New Horizon Aircraft Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOVR#NASDAQ">HOVR</a>), another eVTOL company, was up by an impressive 19.64% during the day, and another 4.48% after hours.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stocks / ETFs</td>
<td class="has-text-align-center" data-align="center">Last 30 Days</td>
<td class="has-text-align-center" data-align="center">Year-To-Date</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Archer Aviation Inc. </td>
<td class="has-text-align-center" data-align="center">+34.03%</td>
<td class="has-text-align-center" data-align="center">+27.17%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Joby Aviation Inc. </td>
<td class="has-text-align-center" data-align="center">+37.38%</td>
<td class="has-text-align-center" data-align="center">+19.04%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">AeroVironment Inc.</td>
<td class="has-text-align-center" data-align="center">+13.40%</td>
<td class="has-text-align-center" data-align="center">+21.14%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">New Horizon Aircraft Ltd. </td>
<td class="has-text-align-center" data-align="center">+168%</td>
<td class="has-text-align-center" data-align="center">+22.94%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">SPDR S&amp;P Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XAR#NYSE">XAR</a>)</td>
<td class="has-text-align-center" data-align="center">+10.27%</td>
<td class="has-text-align-center" data-align="center">+20.08%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Global X Robo Global Robotics &amp; Automation ETF (ASX: ROBO)</td>
<td class="has-text-align-center" data-align="center">+4.37%</td>
<td class="has-text-align-center" data-align="center">-2.23%</td>
</tr>
</tbody>
</table>
</figure>
Recently, JPMorgan analyst Bill Peterson pegged the eVTOL market to be worth $1 trillion down the line, saying that the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45655078/joby-archer-flying-cars-on-a-1-trillion-runway-but-still-not-cleared-for-takeoff">dream was still alive</a>, &#8220;just not quite ready for boarding&#8221; right away, citing certification as a &#8220;heavy lift.&#8221; As a result, these orders should accelerate things for the industry going forward.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11222754/Screenshot-2025-06-12-at-7.57.41-AM-1024x147.png" alt="" class="wp-image-946908" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11222754/Screenshot-2025-06-12-at-7.57.41-AM-1024x147.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11222754/Screenshot-2025-06-12-at-7.57.41-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11222754/Screenshot-2025-06-12-at-7.57.41-AM-768x110.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11222754/Screenshot-2025-06-12-at-7.57.41-AM.png 1520w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Shares of Archer Aviation rank in the 98th percentile on Momentum, with a favorable price trend in the short, medium, and long term, according to Benzinga&#8217;s Edge Stock Rankings. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here to see how it compares</a> with Joby Aviation and New Horizon Aircraft, alongside other peers and competitors.
Read More: 
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45896715/meta-tiktok-challenge-eus-digital-services-act-fees-call-them-absurd-discriminatory-and-based-on-flawed-calculations">Meta, TikTok Challenge EU&#8217;s Digital Services Act Fees, Call Them &#8216;Absurd,&#8217; &#8216;Discriminatory&#8217; And Based On Flawed Calculations</a></li>
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Image Via Shutterstock

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Trump Launches Aviation Overhaul: Archer, Joby, New Horizon, AeroVironment Rally As US Targets Drone, eVTOL, Supersonic Comeback

On Wednesday, Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and ByteDance-owned TikTok challenged the <a href="https://www.benzinga.com/government/24/02/37010420/meta-takes-legal-stand-challenges-eu-fee-as-it-battles-regulatory-scrutiny">European Union's supervisory fees</a> under the Digital Services Act, arguing that the fee calculations are flawed and unfairly inflate their charges.
What Happened: The two companies brought their case before the General Court of the EU, arguing that the supervisory fees imposed <a href="https://www.benzinga.com/news/24/01/36678747/amazon-apple-meta-and-other-big-tech-companies-receive-data-requests-from-eu">under the Digital Services Act</a> (DSA) are disproportionate and based on incorrect calculations, reported Reuters.
The fee, which amounts to 0.05% of a company's global net income, is intended to cover the European Commission's costs of overseeing compliance with the law.
Meta's lawyer, Assimakis Komninos, argued that the fee calculation, which uses the group's overall revenue rather than individual subsidiaries' income, was opaque and "led to completely implausible and absurd results."
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45807465/dan-ives-calls-musk-trump-feud-a-twilight-zone-moment-but-bullish-on-tesla-and-autonomous-future-not-good-for-either-side" target="_blank" rel="noreferrer noopener">Dan Ives Calls Musk-Trump Feud A ‘Twilight Zone Moment&#8217; But Bullish On Tesla And Autonomous Future: ‘Not Good For Either Side&#8217;</a>
He also said that Meta still does not fully understand how the fee was calculated, the report added.
TikTok's lawyer, Bill Batchelor, criticized the method as "inaccurate" and "discriminatory," claiming that the user count was inflated by double-counting users who switch between devices.
TikTok also argued that the fee unfairly includes costs for other platforms and exceeds the legally mandated fee cap.
In defense, Commission lawyer Lorna Armati stated that group profits were the correct reference point for calculating the fee, arguing that the companies had adequate information to understand the methodology and that the Commission's approach complied with legal standards, the report said.
The court is expected to rule on the matter next year
Why It&#8217;s Important: Apart from Meta and TikTok, the EU had identified 20 major online platforms and two prominent online search engines — including Alphabet Inc.&#8217;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>) Google, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and others — as subject to this levy under the European Commission's designation.
The annual fee is determined based on each company's average number of monthly active users and its financial results from the previous year, particularly whether it posted a profit or a loss.
Price Action: Meta shares declined by 1.18% on Wednesday and slipped a further 0.43% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings indicate a positive trend for META across short, medium and long-term timeframes. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">More detailed performance data is available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11215937/Screenshot-2025-06-12-at-7.27.45%E2%80%AFAM.png" alt="" class="wp-image-946899" /></a></figure>
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
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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.
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Meta, TikTok Challenge EU's Digital Services Act Fees, Call Them 'Absurd,' 'Discriminatory' And Based On Flawed Calculations

U.S. recession odds slipped further on Polymarket as a slew of bullish events lifted investor sentiment Wednesday.
What happened: Odds in favor of the betting contract titled &#8220;US recession in 2025?&#8221; were 23% as of this writing, a considerable drop from the all-time high of 66% recorded in early May.
As of this writing, bookmakers have invested over $6.76 million on the bet. The outcome resolves to &#8220;Yes&#8221; if the economy experiences another quarter of negative growth or if the National Bureau of Economic Research declares a recession before January 1, 2026.
Note that Polymarket, based on Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POL</a>), is not available to U.S. residents due to regulatory restrictions. The prediction platform allows users to bet on events using cryptocurrency.
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/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — &#8216;Gold Used To Be That Money, BTC Is The Challenger&#8217;</a>
Why It Matters: The dip in recession likelihood comes after President Donald Trump <a href="https://www.benzinga.com/news/25/06/45882971/wall-street-eyes-record-highs-as-trump-seals-china-deal-soft-inflation-eases-tariff-jitters">finalized a trade agreement with China</a>, following two days of negotiations in London.&nbsp;
Additionally, the Consumer Price Index came softer than expected in May, calming investor jitters about tariff-induced inflation.
Notably, the recession odds <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45125164/recession-odds-reach-all-time-high-after-negative-q1-gdp-numbers-but-crypto-betto">hit a record high</a> after the first-quarter GDP contracted. However,<a href="https://www.benzinga.com/25/05/45535042/recession-odds-tumble-on-kalshi-crypto-based-polymarket-as-trumps-tariff-concerns-subside"> tariff de-escalation</a> between the U.S. and China, which included a 90-day truce and a subsequent trade agreement in Geneva, helped to reverse the trend.
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Image via Shutterstock

Econ #s

$POL

US Recession Odds Tumble To 23% On Crypto Betting Market After Trump Confirms China Trade Deal, Softer Inflation Numbers

Last week, during a podcast, Sundar Pichai, CEO of Alphabet Inc. (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>), shared his insights on leadership, admitting that while he gets frustrated and angry, he has learned that losing his temper isn't productive and that silence can often be more effective.
What Happened: In a conversation with Lex Fridman, Pichai acknowledged that frustration and anger are normal emotions but underscored the importance of controlling them for effective leadership.
He explained, "I do get angry. I do get frustrated. I have the same emotions all of us do in the context of work and everything," adding, "But have there been times I lose it? Yeah. Maybe less often than others, and maybe over the years less and less so, because I find it's not needed to achieve what you need to do."
Drawing from his love for soccer, Pichai said, "In soccer… people often talk about man management," meaning how great coaches know how to get the best out of individual players.
See Also:&nbsp;<a href="https://in.benzinga.com/25/02/43487551/sundar-pichai-acknowledges-deepseeks-ai-advancementsbut-says-googles-gemini-still-leads-in-cost-performance-and-latency" target="_blank" rel="noreferrer noopener">Sundar Pichai Downplays DeepSeek Threat — Google's Gemini Still Leads In Cost, Performance, And Latency</a>
He elaborated, noting people often want to do well on their own and sometimes yelling at them isn&#8217;t productive because they already feel bad when they mess up. On the other hand, some people may need direct feedback.&nbsp;
Pichai also shared that sometimes silence can be a powerful tool.
"People can sometimes see that you're unhappy without you saying it, and so sometimes the silence can deliver that message even more," he stated.
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.Play
<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="Do leaders have to be assh&#x2A;les? &#x7C; Sundar Pichai and Lex Fridman" width="500" height="281" src="https://www.youtube.com/embed/_aAf_AcaOT4?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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Why It's Important: The conversation was made public just days before Pichai celebrated his 53rd birthday. Born in 1972, Pichai developed an early interest in technology after his father brought home a rotary phone.
He earned a degree in metallurgy from IIT Kharagpur, followed by a master's at Stanford and an MBA from Wharton.
After stints at Applied Materials and McKinsey, he joined Google in 2004, contributing to products like Google Chrome. Rising through the ranks, he became CEO of Google and later Alphabet.
Under his leadership, Alphabet, now valued at $2.16 trillion, has advanced in AI, voice tech and cloud computing. As of early 2025, Pichai's net worth is over $1.3 billion, <a href="https://www.thestreet.com/personalities/sundar-pichai-net-worth">according</a> to The Street.
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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</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Sundar Pichai &#x7C; Photo courtesy: Rokas Tenys / Shutterstock.com

Success Stories

Sundar Pichai Says He Gets Frustrated, Angry, But Realized Losing His Temper Doesn't Lead To Productivity Because Sometimes 'Silence Can Deliver' More: Here's What He Learned Because Of Soccer

Vercept, a Seattle-based <a href="https://www.benzinga.com/news/25/05/45642134/alation-just-bought-numbers-station-an-18-person-ai-startup-born-at-stanford-backed-by-intel-ceo-lip-bu-tan-and-tableaus-mark-nelson">AI startup</a>, has secured $16 million in seed funding to develop Vy, a computer vision-powered Mac application designed to automate digital workflows with a single natural language command,<a href="https://www.geekwire.com/2025/seattle-startup-backed-by-former-google-ceo-lands-16m-to-automate-repetitive-tasks-on-a-computer/"> GeekWire</a> reports.
The company was founded by a group of former leaders from the Allen Institute for AI, and according to GeekWire, its backers include some of the most prominent names in tech, such as former Google CEO <a href="https://www.benzinga.com/tech/25/04/44892275/eric-schmidt-warns-china-is-going-to-win-ai-race-unless-washington-fights-with-funding-and-instills-american-values-at-the-core">Eric Schmidt</a>, Google DeepMind chief scientist Jeff Dean, Dropbox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>) co-founder Arash Ferdowsi, and Cruise founder Kyle Vogt.
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</ul>
The round was led by San Francisco-based venture firm Fifty Years, with participation from Point Nine and the AI2 Incubator, which was Vercept's first institutional investor, GeekWire says.
Vy Uses Vision AI To Mimic Human Computer Interaction
Vercept's flagship product, Vy, uses artificial intelligence to "see" and interpret screens the way a human does, allowing it to replicate complex workflows after observing them once, GeekWire reports.
According to the company&#8217;s<a href="https://vercept.com/about"> website</a>, Vercept was founded with the goal of radically rethinking how people interact with technology, aiming to replace the maze of menus and code-heavy workflows with a seamless, intuitive interface that feels like an extension of the user's mind.
The company describes its mission as enabling users to do more with less effort, tackling tasks that were once considered too technical or time-consuming to attempt. Users can perform any digital task, such as filling out forms, organizing invoices, or creating content, while Vy records the actions, and then it automates those same tasks using natural language commands.
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
Unlike traditional robotic process automation tools, GeekWire says that Vy does not require pre-built application programming interfaces, connectors, or hardcoded steps to engage with software. Vercept CEO Kiana Ehsani told GeekWire that the product is a &#8220;unified paradigm for interacting with the computer.&#8221;
<h2 class="wp-block-heading">Founding Team Brings Elite AI Pedigree</h2>
Ehsani previously led robotics and embodied AI projects at Ai2, while other Vercept co-founders include Oren Etzioni, the founding CEO of Ai2, and Matt Deitke, who worked on prominent AI projects like Molmo, ProcTHOR, and Objaverse, GeekWire reports.
Luca Weihs, another co-founder, was a research manager and infrastructure lead at Ai2, focusing on AI agents and reinforcement learning. According to GeekWire, Ross Girshick, a pioneer in combining deep learning and computer vision, also joined the founding team after stints at Meta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) AI and Ai2.
See Also: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
<h2 class="wp-block-heading">Early Use Cases Hint At Broad Market Fit</h2>
Vy has already found traction with a wide range of early adopters, from students using it to manage assignments to businesses automating administrative workflows. In one example, GeekWire reports that individuals with disabilities have integrated Vy with speech-to-text systems, allowing them to remotely operate computers and complete digital tasks independently.
While user growth and revenue figures were not disclosed, Ehsani told GeekWire that the reception to Vy has exceeded expectations. Vercept currently employs eight full-time staff members.
As major tech players like OpenAI, Google, and Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) explore generative AI tools for task automation, GeekWire says that Vercept is differentiating itself with a visual-first solution that requires no technical setup or custom coding.
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<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.30/share!</a></li>
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Image: Midjourney

AMZN

Vercept Raises $16M With Google Legend And Dropbox Co-Founder Backing To Build Future Of Workflows With Vision-Based Mac App Called Vy

VLCN

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

ERNA

Insmed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSM#NASDAQ">INSM</a>) has outperformed the market over the past 10 years by 4.43% on an annualized basis producing an average annual return of 15.51%. Currently, Insmed has a market capitalization of $17.70 billion. 
Buying $100 In INSM: If an investor had bought $100 of INSM stock 10 years ago, it would be worth $425.63 today based on a price of $97.20 for INSM at the time of writing.
<h3>Insmed's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749684615_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

INSM

$100 Invested In Insmed 10 Years Ago Would Be Worth This Much Today

Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Comcast Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) Universal Studios on Wednesday filed a copyright lawsuit against Midjourney, an AI-powered <a href="https://www.benzinga.com/news/24/08/40500831/midjourney-opens-web-experience-to-all-amid-controversy-over-unauthorized-use-of-artists-work">image generation service. </a>
What Happened: The companies submitted the lawsuit in a federal court in Los Angeles and accused Midjourney of unauthorized use and distribution of the studios' most famous characters, according to a Reuters report. 
The lawsuit called Midjourney&#8217;s platform a "bottomless pit of plagiarism." 
Read Next: <a href="https://www.benzinga.com/markets/tech/25/06/45885805/nvidias-jensen-huang-sparks-quantum-stock-frenzy?utm_source=articleShare">Nvidia&#8217;s Jensen Huang Sparks Quantum Stock Frenzy</a>
The companies alleged that Midjourney unlawfully copied and distributed countless images featuring characters such as Darth Vader from "Star Wars," Elsa from "Frozen" and the Minions from "Despicable Me," among others.
Disney and Universal claimed they had previously asked Midjourney to stop infringing on their copyrighted works or, at least, to implement technical measures to prevent such use, but the company reportedly ignored these requests. 
Instead, the studios argued, Midjourney continued to release improved versions of its service, resulting in higher-quality infringing images. The lawsuit was filed by seven corporate entities representing the Disney and Universal film units that owned or managed the copyrights for these characters.
Disney and Universal are seeking a preliminary injunction to block Midjourney from copying their works or offering its image and video generation services without protections against copyright infringement. The studios are also pursuing unspecified damages.
Read Next: <a href="https://www.benzinga.com/news/space/25/06/45840240/trump-musk-feud-fuels-spacex-rivals-space-stock-countdown?utm_source=article">Trump, Musk Feud Fuels SpaceX Rivals: Space Stock Countdown</a>
Why It Matters: Midjourney was also named in a <a href="https://www.benzinga.com/general/24/02/37398914/the-4-700-artist-ai-controversy-artists-accuse-midjourney-and-other-ai-firms-of-unauthorized-use-in">separate 2023 lawsuit</a>, which remains ongoing.
The suit claimed several AI image generators, including Midjourney, had used the works of over 4,700 artists, including well-known names such as Norman Rockwell and Wes Anderson, to train their systems without consent or compensation.
The controversy gained traction after artist Jon Lam shared the "Midjourney Style List" on social media, sparking debate about the lack of regulation in the AI-generated art space. 
The list, reportedly disclosed by Midjourney's founder in a public forum, fueled artists' frustrations over being excluded from the profits made by AI platforms that monetize their styles through subscription services. 
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</ul>
Image: Shutterstock

CMCSA

Disney, Universal Studios Sue AI-Image Generator Midjourney For Copyright Infringement

Comfort Systems USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) has outperformed the market over the past 5 years by 51.36% on an annualized basis producing an average annual return of 65.31%. Currently, Comfort Systems USA has a market capitalization of $17.52 billion. 
Buying $100 In FIX: If an investor had bought $100 of FIX stock 5 years ago, it would be worth $1,268.06 today based on a price of $496.64 for FIX at the time of writing.
<h3>Comfort Systems USA's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749683712_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Comfort Systems USA Stock In The Last 5 Years

Financial radio host Dave Ramsey has spoken with many couples who want to get out of debt. He often starts by figuring out how they got into debt, and this <a href="https://www.youtube.com/watch?v=9AOzKp_MlFE">recent conversation</a> on "The Ramsey Show" was no different.&nbsp;
A couple with more than $200,000 in debt asked Ramsey if they should sell their house to pay off the debt. However, as the call unfolded, it became clear that selling the house wasn't the solution.
"The problem is not the credit card debt," Ramsey stated.
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The couple has $50,000 in credit card debt, $115,000 in student loan debt, and a $48,000 home equity loan. It would be better if the credit card debt was zero, but the couple's habits were a bigger red flag for Ramsey than their current financial situation.
<h2 class="wp-block-heading">Lifestyle Creep Can Destroy Anyone's Finances</h2>
Ramsey asked for the couple's age, and the wife mentioned that she is 48 years old. This discovery prompted Ramsey to inquire about why they owed $115,000 on student loans. It turns out the couple made minimum payments on their debt and lived above their means.
Doing that for one year is bad enough, but if you do it for more than 20 years, you can end up in serious debt. The couple currently finds themselves in this situation. Their annual household income jumped to $8,000 per month a few years ago, but that didn't translate into lower debt. The couple just spent more money.
This chain of bad money habits adds more validation to Ramsey's assertion that credit card debt isn't the problem. In fact, the couple later revealed that the home equity line of credit was used as a debt consolidation loan to reduce their credit card debt. Selling the house can solve the couple's current debt, but it would keep their bad money habits intact.
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<h2 class="wp-block-heading">Make Short-Term Sacrifices For Long-Term Gains</h2>
Ramsey was pretty clear about what it would take for the couple to correct their course. He suggested that they live like broke people. That includes no dining or vacations for at least three years. He said the couple shouldn't be in a restaurant unless one of them is working in it.
He also suggested that the couple look for ways to earn additional money. While $8,000 per month is an above-average household income, the couple is far behind on their debt. If all goes well, the couple will be in their early 50s by the time they pay off their debt. Then, they have to save for retirement.
Ramsey suggested tackling the debt aggressively. He advocated that the couple pay off $2,000 per month toward debt repayment and quickly boost that number to $5,000 per month as the couple increases their earnings with raises, side hustles, and other methods.&nbsp;&nbsp;
See Also: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
<h2 class="wp-block-heading">Turn Cost Savings Into A Game</h2>
Ramsey also told the couple to cut up their credit cards and make a game out of how much debt they can pay and how little they can buy. TikTok has some of these challenges, such as "No Spend January" and "No Buy February."&nbsp;
Participating in these types of challenges each month can help the couple curtail their out-of-control discretionary spending. Then, they can pay off debt quicker, have more motivation to build on the initial momentum, and keep their house.&nbsp;
It requires a long-term financial commitment to get out of debt and change bad money habits that have been keeping you down. Ramsey offered the roadmap, and it&#8217;s up to the couple to follow it.
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</ul>
Image: Shutterstock

Personal Finance

Dave Ramsey Presents A Roadmap For A High-Spending Couple That's More Than $200,000 In Debt: 'The Problem Is Not The Credit Card Debt'

Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) has outperformed the market over the past 15 years by 7.5% on an annualized basis producing an average annual return of 19.35%. Currently, Alphabet has a market capitalization of $2.15 trillion. 
Buying $1000 In GOOGL: If an investor had bought $1000 of GOOGL stock 15 years ago, it would be worth $14,163.28 today based on a price of $177.19 for GOOGL at the time of writing.
<h3>Alphabet's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749682814_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Alphabet Stock In The Last 15 Years

Scottie Scheffler has taken the golf world by storm <a href="https://www.benzinga.com/general/sports-betting/24/07/39940590/scottie-scheffler-gold-medalist-golfer-looks-to-turn-2024-pga-tour-success-into-a-2024-oly">in recent years</a> and enters the 2025 US Open as the heavy betting favorite. The golfer shared a unique story about his Venmo account ahead of the tournament.
What Happened: Scheffler has made bettors <a href="https://www.benzinga.com/news/22/04/26569375/scottie-scheffler-wins-the-masters-how-much-a-100-bet-on-the-golfer-paid-out-and-how-one-bettor-made">plenty of money</a> in recent years with his top form on the golf course, which includes several major tournament wins.
Those who bet on Scheffler are also the reason why the golfer no longer has a Venmo account, the financial app to send money to other people owned by PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>).
When asked about being the betting favorite for this year's U.S. Open, June 12-15 at the Oakmont Country Club in Oakmont, Pennsylvania, Scheffler got real with the difference between him and fan expectations.
"I think everybody hears from fans whether they have a financial benefit. That's why I had to get rid of my Venmo," Scheffler <a href="https://x.com/GolfDigest/status/1932550169527984156">said</a>, as shared by Golf Digest.
Scheffler said that it wasn't a good feeling after he lost to get requests from fans.
"I was either getting paid by people or people were requesting a bunch of money when I didn't win."
Scheffler said he received a "couple of bucks" here and there when he would win, but the requests would always outnumber the payments when he was on the losing end.
The golfer said he doesn't pay attention to betting odds and starting Thursday, all the golfers in the U.S. Open are at par and playing against the golf course.
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Betting Odds: The U.S. Open kicks off Thursday and coverage will be provided by Comcast Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) via television on USA and NBC and streaming on Peacock. Thursday's opening round kicks off at 6:30 a.m. ET and goes to 8 p.m. ET with Sunday's coverage going from 9 a.m. to 7 p.m. ET.
Scheffler begins his round Thursday at 1:25 p.m. ET.
At sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), Scheffler is the betting favorite at +275, significantly ahead of Bryson DeChambeau (+75O), Jon Rahm (+1,200) and Rory McIlroy (+1,200), who round out the top four picks.
According to <a href="https://x.com/DavidPurdum/status/1932817555623719110">ESPN</a>, there have been more bets on Scheffler winning than all other golfers combined at ESPN Bet, which is operated by PENN Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>).
Scheffler, being a heavy favorite, puts him in similar company to Tiger Woods. The golfer has been the favorite or co-favorite for 11 consecutive major golf tournaments, which is the third-largest streak in the past 40 years as <a href="https://www.actionnetwork.com/golf/tiger-territory-scottie-schefflers-historic-odds-at-2025-u-s-open">reported </a>by Action Network. Scheffler trails only two streaks by Woods for the longest streak.
Scheffler has had odds of +275 or lower five times and won two of those five tournaments.
On the current PGA Tour <a href="https://www.pgatour.com/player/46046/scottie-scheffler/results">season</a>, Scheffler has three wins from 12 events, nine top 10 finishes, 12 top 25 finishes and made the cut in all 12 tournaments.
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Scottie Scheffler Is The US Open Betting Favorite: Just Don't Ask Him For A Refund On Venmo If He Loses

Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) has outperformed the market over the past 10 years by 2.59% on an annualized basis producing an average annual return of 13.67%. Currently, Danaher has a market capitalization of $143.13 billion. 
Buying $1000 In DHR: If an investor had bought $1000 of DHR stock 10 years ago, it would be worth $3,607.97 today based on a price of $200.00 for DHR at the time of writing.
<h3>Danaher's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749681018_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Danaher 10 Years Ago Would Be Worth Today

Everyone's got their own definition of "rich." For some, it's never checking price tags. For others, it's <a href="https://www.benzinga.com/personal-finance/25/04/45056962/bill-gates-says-hes-happier-as-a-billionaire-than-if-he-were-middle-class-you-dont-need-a-billionbut-freedom-from-worry-is-a-blessing">just not stressing over bills</a>. But when it comes to hard numbers—income and net worth—there's a pretty clear line between being comfortable and being among the country's financial elite.
So what does it really take to land in the top <a href="https://www.benzinga.com/personal-finance/25/05/45483329/are-you-rich-or-just-upper-middle-class-heres-the-net-worth-and-income-it-takes-to-be-considered-wealthy">10%, 5%, or even the 1% of earners</a> in America?
<h2 class="wp-block-heading">The Top 10% Club</h2>
You might be surprised to learn that you don't need to be a millionaire to crack the top 10%. An individual bringing in around $132,000 a year is already there, according to data from the <a href="https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2023">Social Security Administration</a>. For households, it's a bit higher—closer to $216,000. Not chump change, but still within reach for high-earning professionals or dual-income families.
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<h2 class="wp-block-heading">Top 5%: A Big Jump</h2>
To move up a tier, you're looking at a household income of around $352,000. That's more than three times the U.S. median income and enough to be considered truly upper class in most areas. Even here, geography matters—a $352,000 salary in Mississippi goes a lot further than the same number in New York or California.
<h2 class="wp-block-heading">Top 1%: Where the Air Gets Thin</h2>
Now for the real high-flyers. To join the top 1% nationally, you'll typically need to earn between $750,000 and $800,000 a year. Some states set the bar even higher—Connecticut's threshold is a jaw-dropping $955,000. Meanwhile, in West Virginia, the top 1% line is around $375,000.
But income is only half the story.
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
<h2 class="wp-block-heading">What About Net Worth?</h2>
Income fluctuates. Net worth builds over time—and it's what really determines long-term wealth.
According to the <a href="https://www.federalreserve.gov/econres/scfindex.htm">2022 Survey of Consumer Finances</a> by the Federal Reserve, households in the top 10% typically have a net worth between $970,000 and $1.9 million. To reach the top 5%, you'll need somewhere between $1.2 million and $2.7 million. And if you're aiming for the top 1%? That starts at a hefty $11.6 million and climbs from there.
<h2 class="wp-block-heading">What Americans Think It Takes To Be Rich</h2>
Interestingly, most people aim much lower according to the <a href="https://www.aboutschwab.com/schwab-modern-wealth-survey-2024">Charles Schwab Modern Wealth Survey</a>. Millennials believe $2.2 million qualifies as rich, while Gen Z says just $1.2 million. Boomers peg it closer to $2.8 million.
There's also a difference between feeling "comfortable" and "rich." The average American says they'd feel financially comfortable with a net worth around $778,000—well below any of these top-tier thresholds.
See Also: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
<h2 class="wp-block-heading">So, Are You Rich?</h2>
If you're pulling in six figures and saving steadily, you may not be in the 1% yet—but you're likely ahead of the game. Rich, it turns out, <a href="https://www.benzinga.com/money/are-you-rich">is more than just a number</a>—it's a moving target, and where you live matters almost as much as what you earn.
Still curious where you land? A good rule of thumb: if you're wondering whether you're rich, you probably don't feel it yet—but that doesn't mean you're not getting close.
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<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">You can invest today for just $0.30/share with a $1000 minimum.</a></li>
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Image: Shutterstock

Think You're Rich? Here's the Income and Net Worth It Actually Takes To Join the Top 1%, 5%, and 10%

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