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The Fund invests at least 80 percent of its total assets in the securities of the Indxx Cybersecurity Index (Underlying Index) and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the Underlying Index. The Fund will also invest, under normal circumstances, at least 80 percent of its net assets, plus borrowings for investment purposes (if any), in Cybersecurity Companies (as defined below), and in ADRs and GDRs based on such securities. The Fund's 80 percent investment policies are non-fundamental and require 60 days prior written notice to shareholders before they can be changed. The Fund may lend securities representing up to one-third of the value of the Funds total assets (including the value of the collateral received).

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President Donald Trump faced criticism from Jewish leaders and lawmakers on Friday after using a term historically associated with antisemitic stereotypes during a <a href="https://www.benzinga.com/markets/tech/25/07/46263734/trump-says-we-pretty-much-have-a-deal-as-he-reveals-us-will-resume-tiktok-deal-talks-with-china-soon" target="_blank" rel="noreferrer noopener">rally in Iowa the night before</a>.
While speaking about estate taxes, Trump referred to lenders as &#8220;Shylocks and bad people,&#8221; a comment that drew swift backlash, The New York Times <a target="_blank" href="https://www.nytimes.com/2025/07/04/us/politics/jewish-trump-shylock-slur-adl.html" rel="noreferrer noopener">reports</a>.
When questioned about the remark afterward, the president claimed he was unaware that the word carried antisemitic connotations.
Also Read: <a target="_blank" href="http://benzinga.com/news/politics/25/07/46263553/social-security-administration-sends-unbelievable-email-on-trumps-big-beautiful-bill-report" rel="noreferrer noopener">Social Security Administration Sends &#8216;Unbelievable&#8217; Email On Trump&#8217;s &#8216;Big, Beautiful Bill&#8217;: Report</a>
The term &#8220;Shylock&#8221; originates from Shakespeare&#8217;s &#8220;The Merchant of Venice&#8221; and has long been condemned for promoting damaging Jewish stereotypes, the Times adds.
Rep. Dan Goldman (D-NY) took to social media to call out the president&#8217;s language, labeling it &#8220;blatant and vile antisemitism&#8221; and accusing Trump of intentional provocation.
Goldman emphasized that genuine opposition to antisemitism requires denouncing it across the political spectrum.
Rep. Jerry Nadler (D-NY) called the term &#8220;one of the most recognizable antisemitic slurs in the English language.&#8221;
He said that the comment demonstrated how antisemitism within Trump&#8217;s administration is systemic, not isolated, and pointed directly to the president as the source.
The Anti-Defamation League condemned the remark as well, stating that invoking &#8220;Shylock&#8221; reinforces age-old prejudices linking Jewish identity to greed. The organization called the language &#8220;extremely offensive and dangerous,&#8221; The Times adds.
Trump, who has previously stated that combating antisemitism is a priority of his administration, has taken steps like pulling federal funding from universities over alleged antisemitic activity and revoking visas for demonstrators supporting Palestinian causes.
Still, critics argue that his pattern of rhetoric undermines those efforts.
Parallels were drawn to a 2014 incident when then-Vice President Joe Biden apologized for using the same slur during a speech, the report reads.
Biden&#8217;s prompt acknowledgment of the mistake stood in contrast to Trump&#8217;s claim of ignorance.
Public scrutiny continues to grow over the administration&#8217;s language and actions as Jewish organizations and lawmakers call for more consistent accountability.
Trump&#8217;s comment has reignited debate over the boundaries between free expression and the propagation of harmful stereotypes.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/07/46259795/everyone-talked-about-nvidia-apple-and-tesla-but-this-one-tech-stock-has-left-them-all-behind-in-2025" target="_blank" rel="noreferrer noopener">Everyone Talked About Nvidia, Apple And Tesla, But This One Tech Stock Has Left Them All Behind In 2025</a></li>
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Image: Shutterstock

Markets

General

Trump Hit With Backlash Over Use of Antisemitic Slur at Iowa Rally

A caller to &#8220;<a href="https://www.youtube.com/watch?v=otAjwRukr_Y">The Ramsey Show</a>&#8221; recently shared a hard lesson learned about gambling and debt with hosts George Kamel and Jade Warshaw. Her decision to <a href="https://www.benzinga.com/25/05/45523239/graham-stephan-explains-why-auto-loans-are-the-biggest-scam-in-america-its-scary">skip car payments</a> and try her luck at the casino backfired in a big way, resulting in a repossession and a remaining debt of over $19,000.
<h2 class="wp-block-heading">She Tried To Flip Car Payments Into Gambling Winnings</h2>
&#8220;Instead of making my payments, I was thinking I can go to the casino and double it to make payments and things like that,&#8221; the caller said. But it didn't work out. The car was repossessed and later sold for about $3,500, leaving her responsible for the large remaining balance on the loan.
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<li>Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. </a></li>
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Adding to the confusion, she began receiving toll road bills tied to the vehicle even after it was sold. &#8220;I did reach out to toll road. They did get confirmation that the car was sold,&#8221; she explained, noting she never received advance notice of the sale.
The woman, who is in Dave Ramsey's <a href="https://www.benzinga.com/personal-finance/24/06/39316291/dave-ramsey-tells-americans-if-you-retire-broke-its-your-fault-explains-how-to-retire-with-1-mil">Baby Step 1 with $1,000 saved</a>, said the gambling addiction played a central role in the situation. She&#8217;s taken steps to address it, including cutting off online ads and distractions, but admitted, she hasn&#8217;t been to Gamblers Anonymous.
<h2 class="wp-block-heading">George And Jade Urged A Settlement Approach</h2>
Kamel emphasized that fixing the financial issue won't matter if the <a href="https://www.benzinga.com/25/03/44113652/sports-betting-isnt-just-a-little-hobby-says-dave-ramsey-he-believes-its-an-addiction-thats-ruining-families-the-house-always-wins">gambling problem</a> isn't resolved: &#8220;I just want to make sure that we&#8217;ve resolved the root problem here before we just fix the repo.&#8221;
Trending: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — <a href="https://www.benzinga.com/money/meet-the-company-seeking-to-give-americans-energy-independence-and-learn-how-you-can-become-an-early-investor">Now Raising at $3/Share</a>
When asked how much she owed in total debt, she replied, &#8220;That's all I have for now.&#8221; Her income is $4,000 a month, and her only major monthly expense is $1,300 for rent, which includes utilities. With minimal transportation costs and no dependents, she believes she can save up enough to offer a lump-sum settlement.
Kamel recommended that she negotiate a payoff amount, such as $7,000, and get the terms in writing. &#8220;This is everything I have. Would you be willing to settle in full for this amount?&#8221; he suggested she say when reaching out to the lender.
He also warned, &#8220;Don&#8217;t give them access to your checking account. Get it all in writing, and instead do like a cashier&#8217;s check or a money order.&#8221;
See Also: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — <a href="https://www.benzinga.com/money/americans-spend-1000-per-year-on-plastic-water-bottles-kara-pod-gives-you-clean-drinking-water-by-pulling-moisture-from-the-air">And You Can Invest At Just $6.37/Share</a>
Warshaw reminded her to make sure the debt is officially marked as paid in full in writing to avoid future issues. If successful, this would leave her completely debt-free.
&#8220;I figured I can do it,&#8221; the caller said, adding that with her children now adults, she doesn't have the same financial responsibilities she once did.
<h2 class="wp-block-heading">Emotional And Financial Toll</h2>
While the financial loss is steep, Kamel and Warshaw pointed out the emotional cost as well. &#8220;It's heartbreaking to watch,&#8221; Kamel said of <a href="https://www.benzinga.com/25/05/45545468/average-new-car-loan-payment-is-750-and-costs-are-rising-suze-orman-urges-families-to-consider-if-they-could-get-by-with-one-less-car">car repossession</a> videos. &#8220;I feel like the emotional toll on that is just as painful as the financial toll,&#8221; Warshaw added.
Read Next: Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
Image: Shutterstock

Personal Finance

A Dave Ramsey Caller Skipped Her Car Payments To Gamble And Double The Money. The Plan Failed, And Now She's $19,000 In Debt With No Car

In the latest development in their ongoing feud, Elon Musk and Steve Bannon have each predicted severe legal repercussions for the other.
What Happened: Bannon has suggested that Musk, a naturalized U.S. citizen, should be deported.
During the war of words on X, Musk, in turn, predicted that Bannon — who previously served a four-month sentence for contempt of Congress — could face a longer prison term.
Bannon has expressed criticism of Musk&#8217;s plans to establish a new political party. He questioned the legitimacy of a &#8220;non-American&#8221; starting an America Party and suggested that Musk, who was born in South Africa, &#8220;may be here illegally.&#8221;
Musk responded by predicting that Bannon would return to prison for a long time, stating, &#8220;He&nbsp;has a lifetime of crime&nbsp;to pay for.&#8221; He did not specify the crimes that could potentially land Bannon back in prison.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The fat, drunken slob called Bannon will go back to prison and this time for a long time. He has a lifetime of crime to pay for.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1941211464683123048?ref_src=twsrc%5Etfw">July 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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During the 2024 election cycle, Musk reportedly spent approximately $291 million, notably to support Trump, according to OpenSecrets.org. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Prison for Bannon
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1941404131186573727?ref_src=twsrc%5Etfw">July 5, 2025</a></blockquote>
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However, the two had a falling out over President Donald Trump's signature "big beautiful bill." Musk had stated that he would form his new party as an alternative to both Republicans and Democrats if the bill passed, which it did.
Also Read: <a href="https://www.benzinga.com/news/25/01/42935180/steve-bannon-targets-elon-musk-pledges-to-expel-him-from-maga-movement-he-is-a-truly-evil-guy">Steve Bannon Targets Elon Musk, Pledges To Expel Him From MAGA Movement: &#8216;He Is a Truly Evil Guy&#8217;</a>
Bannon, who headed Trump's 2016 campaign and served as chief strategist early in Trump's first administration, was pardoned by Trump in 2021 in a fraud case.
Despite this, Musk&nbsp;implied that more legal trouble&nbsp;may be heading Bannon's way.
Why It Matters: This feud between Musk and Bannon, two influential figures in their respective fields, has the potential to impact their future endeavors. 
Musk&#8217;s plans for a new political party could be affected by Bannon&#8217;s accusations, while Bannon&#8217;s legal future could be influenced by Musk&#8217;s predictions. 
The feud also highlights the ongoing tensions within the political landscape, reflecting the broader divisions within American society.
Read Next
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Image: Shutterstock

Musk Says Steve Bannon Will 'Go to Prison for a Long Time' After Deportation Jab: 'He Has Lifetime of Crime To Pay For'

During a segment of "The Ramsey Show," the personal finance expert, Dave Ramsey, explained why real estate can outperform stocks in terms of returns, if investors are willing to deal with the added time, complexity and risk involved.
What Happened: On the show, a caller named Jason from Oklahoma asked Ramsey whether investing in real estate offers better value than the stock market, especially in the then-current economic environment where stock prices seem disconnected from company earnings.
"It just seems like the price of a lot of stocks is completely irrelevant to the company's earnings," the caller said. "If I buy a rental property, for example, it actually generates cash, whereas the only value you get from a stock is when you sell it."
See Also: <a href="https://www.benzinga.com/news/25/05/45485070/the-stock-market-is-shooting-through-the-roof-says-dave-ramsey-but-claims-the-medias-silent-they-want-you-addicted-to-fear">&#8216;The Stock Market Is Shooting Through The Roof,&#8217; Says Dave Ramsey. But Claims The Media&#8217;s Silent—&#8217;They Want You Addicted To Fear&#8217;</a>
Ramsey acknowledged that well-managed real estate investments often yield higher internal rates of return (IRR), thanks to three income streams: appreciation, rental cash flow and tax benefits like depreciation.
However, he warned that higher returns don't come free. "It involves more hassle, more of your time—even if you hire a management company," he said.
He went on to note that real estate outperforms "mainly because it's an imperfect market," where buyers and sellers often don't have the same information, making it easier to find undervalued deals.
Ramsey contrasted this with the stock market, which he described as a more efficient and passive investment vehicle, especially when using mutual funds. "You have zero hassle factor … buying a mutual fund and throwing it in the drawer and forget it," he said.
Responding to the caller's concern that the stock market feels like a "casino," Ramsey pushed back, saying, "No, it's not a casino. A casino is a game of chance. With stocks, you can analyze growth, profit margins, management and trends."
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<iframe loading="lazy" title="Real Estate vs. Stock Market - Which One Will Make Me More Money?" width="500" height="281" src="https://www.youtube.com/embed/9QbwphRMZnA?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>
</div>
</figure>
Why It's Important: In January earlier this year, during a podcast, Ramsey predicted a <a href="https://www.benzinga.com/real-estate/25/01/43108825/im-afraid-in-a-good-way-dave-ramsey-bullish-on-2025-real-estate-says-its-going-to-be-a-booming-market-created-by-pent-up-demand">"booming" real estate market</a> in 2025 due to pent-up demand after a sluggish period. However, despite his optimistic views, Ramsey cautioned that 2025 might not be the best time to buy, as overheated markets could lead to overpaying.
According to Celebrity Net Worth, Ramsey currently has a net worth of $200 million. Of his $200 million net worth, $150 million comes from his real estate holdings.
Born in 1960 in Tennessee to real estate developer parents, Ramsey started selling property while studying finance and real estate at the University of Tennessee. By 1986, he had built a $4 million real estate portfolio but filed for bankruptcy in 1988 after new banking regulations led to his loans being recalled.
He began giving financial advice through his church. In 1992, Ramsey became a radio host, eventually creating "The Dave Ramsey Show" (now "The Ramsey Show").
Photo Courtesy: II.studio on Shutterstock.com
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/05/45171326/wealth-isnt-built-by-chasing-trends-or-reacting-to-headlines-dave-ramsey-says-he-doesnt-panic-when-the-stock-market-dips">&#8216;Wealth Isn&#8217;t Built By Chasing Trends Or Reacting To Headlines&#8217;—Dave Ramsey Says He Doesn&#8217;t &#8216;Panic When The Stock Market Dips&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Dave Ramsey Says Real Estate Can Outperform Stocks, But Warned That Higer Returns 'Don't Come Free'

Legendary investor Warren Buffett has been fascinated with the stock market <a href="https://www.benzinga.com/general/education/24/08/40652464/warren-buffett-celebrates-94th-birthday-with-1-trillion-market-cap-milestone-a-look-back-at-hig">from a young age</a>, which could be one of the reasons why he's so good at <a href="https://www.benzinga.com/general/education/25/01/42832123/warren-buffett-beats-sp-500-in-2024-how-oracle-of-omahas-returns-compare-over-past-20-years">outperforming the market </a>and other investors.
 What Happened:&nbsp;The&nbsp;Berkshire Hathaway Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) CEO&nbsp;bought three shares of Cities Service preferred at the&nbsp;age of 11.
The legendary investor told&nbsp;Charlie Rose&nbsp;in an April 2022<a href="https://charlierose.com/videos/31221" target="_blank" rel="noreferrer noopener">&nbsp;interview</a>&nbsp;that he spent every penny he had&nbsp;saved on&nbsp;the investment, which&nbsp;came after researching American companies.
"I knew more when I was 11 than I know now," Buffett said, laughing.
Despite being 92&nbsp;years old, Buffett recalls perfectly that he spent $114.75 on March 11, 1942, for the transaction.
Buffett later read "The Intelligent Investor" by&nbsp;Benjamin Graham&nbsp;and said it changed his thoughts on investing. Buffett from that point forward stopped buying stocks and instead bought companies. The investor has a 10-to-20-year long-term outlook on purchases.
Surprisingly enough, Buffett told Rose he hopes that stocks he buys go down in the short term, so he can buy more.
You may not be a billionaire like Warren Buffett, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/46157351/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-71">check out five stocks flying under the radar that deserve your attention.</a>
What's Next:&nbsp;As the CEO of Berkshire Hathaway, Buffett says he has the most interesting job in the world. He told listeners that choosing what you do and who you work with are important.
He reflected on meeting his investing partner, Charlie Munger, in May 1959. "We've never had an argument," Buffett said of the late Berkshire vice chairman.
Buffett added that while many think this&nbsp;is impossible, it's true. The duo supported each other whether they agreed with a decision&nbsp;or not, he said.&nbsp;
Buffett doesn't plan on moving on from Berkshire Hathaway anytime soon and said there is a successor planned, but they're not warming up yet.
Buffett gets up each morning a few minutes before 7 a.m. CT so he can catch the news and turn on CNBC.
The legendary investor said he looks at what prices are doing, including in Europe and Japan, before the market opens at 8:30 a.m. Omaha, Nebraska time.
"Time is the most precious thing you've got."
Buffett said you can always look back and say you could have done better, but he has no regrets. Buffett praises being born in the United States and all the great opportunities he's had in his life.
"It's given me everything," he acknowledged.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/education/25/05/45602754/warren-buffett-investment-success-3-simple-rules-to-copy-oracle-of-omaha">Warren Buffett Investment Success: 3 Simple Rules To Copy Oracle Of Omaha</a></li>
</ul>
This article was previously published by Benzinga and has been updated.
Photo: Shutterstock

Education

Why Warren Buffett Says Stocks Aren't What He's Really Buying

As the feud between SpaceX CEO Elon Musk and U.S. President Donald Trump heats up, the Trump administration announced it will provide funding for NASA's Artemis Program to the moon, as well as <a href="https://www.benzinga.com/news/space/25/07/46241328/elon-musk-calls-for-retiring-international-space-station-after-trumps-tax-bill-allocates-over-1-25-billion-to-it-its-time-to-focus-on-mars">allocate $1.25 billion</a> to the International Space Station.
The announcements could come as a blow to the billionaire's Mars ambitions, which Musk has been a vocal advocate for. He has shared his desire to <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">colonize the Red Planet</a> on several occasions and SpaceX's <a href="https://www.benzinga.com/news/space/25/06/46135182/elon-musks-spacex-says-starship-debris-recovery-hindered-by-trespassing-unauthorized-parties-seeks-help-from-mexican-authorities">Starship rocket</a> is at the forefront of his plans.
However, amid the uncertainty, an old video has resurfaced on social media where Musk had said that he was in talks with Hollywood superstar Tom Cruise about possibly making a "Mission: Impossible" movie in space.
Making the Impossible Possible
The billionaire shared the information when asked by a reporter about what celebrity he would want to take to space. "Tom Cruise has said he wants to do Mission: Impossible in space," Musk said.
When asked if there were any concrete plans, Musk said that the pair had had discussions, but he wasn't sure "where his [Cruise] mind's at."
Musk then shared how SpaceX's Starship rocket was designed to be able to "build a permanent Moon base" as well as "a city on Mars." However, the road to Mars may not be as simple as it looks.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tom Cruise and Elon Musk had discussions about making &quot;Mission Impossible&quot; films in Space, using SpaceX facilities. <a href="https://t.co/bLkWERaPd2">pic.twitter.com/bLkWERaPd2</a>
&mdash; SMX &#x1f1fa;&#x1f1f8; (@iam_smx) <a href="https://twitter.com/iam_smx/status/1940733109328364015?ref_src=twsrc%5Etfw">July 3, 2025</a></blockquote>
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Musk vs Trump and its fallout
While SpaceX regularly collaborates with NASA and recently sent its Dragon rocket to the International Space Station as part of <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">the Ax-4 mission</a>, Musk has encountered some troubles in helping his Mars plans to take flight.
It began following a <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45805173/musk-vs-trump-tesla-suffers-record-152b-one-day-crash-as-ceo-warns-tariffs-will-cause-a-recession">public falling-out</a> between Musk and Trump over the latter's tax bill. Musk had <a href="https://www.benzinga.com/news/space/25/06/45808621/after-threatening-to-scrap-dragon-spacecraft-amid-tussle-with-trump-musk-backs-down-following-social-media-plea-good-advice">threatened to withdraw</a> and decommission the Dragon spacecraft, which is a crucial element in NASA's space program. Musk later withdrew his threat.
Shortly after, Trump's initial pick for the NASA administrator role, Jared Isaacman, was removed from his position. Trump said that he had removed Isaacman due to his <a href="https://www.benzinga.com/cannabis/25/06/45715861/donald-trump-withdraws-jared-isaacmans-nomination-for-nasa-administrator-says-new-nominee-would-put-america-first-in-space">‘prior political associations</a>' as Isaacman had reportedly donated funds to a Democratic candidate from the Democrats in the past.
This proved to be a blow for Musk as Isaacman shared the billionaire's ambition for Mars. He had told the U.S. Senate that "We will prioritize sending American astronauts to Mars."
The road ahead
While it may seem like Musk's Mars ambitions are going ahead full steam, things could not be as simple as they seem. With his troubles with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), as <a href="https://www.benzinga.com/markets/tech/25/07/46259057/ross-gerber-gary-black-weigh-in-on-tesla-cybertrucks-poor-sales-a-very-sad-result">sales dwindle</a> and <a href="https://www.benzinga.com/markets/tech/25/06/46067027/tesla-robotaxi-faces-nhtsa-scrutiny-over-traffic-violations-during-austin-launch">Robotaxi facing scrutiny</a> from the NHTSA, Musk's plate could be full right now with his earthly commitments.
As <a href="https://www.benzinga.com/news/25/07/46252278/after-trump-warns-elon-musk-to-close-up-shop-china-rallies-behind-worlds-richest-man-theres-no-need">tensions rise between Musk and Trump</a>, with the two having exchanged more jibes at each other publicly, it looks like Musk's plans to put humanity on Martian soil could be delayed.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/46186733/elon-musk-staging-a-political-comeback-tesla-ceo-sparks-america-party-buzz-as-he-slams-trumps-insane-spending-bill">Elon Musk Staging A Political Comeback? Tesla CEO Sparks &#8216;America Party&#8217; Buzz As He Slams Trump&#8217;s &#8216;Insane Spending Bill&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

SPACE

TSLA

Elon Musk And Tom Cruise Once Planned On Making A Movie In Space Using SpaceX Rockets

Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the <a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and deserve attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/46157351/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-71">EXCLUSIVE: June&#8217;s 20 Most-Searched Tickers On Benzinga Pro — Where Do CoreWeave, Nvidia, Apple Stock Rank?</a>
Here&#8217;s a look at the Benzinga Stock Whisper Index for the week ending July 4:
US Foods Holding Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>): The food service distributor saw increased interest from readers during the shortened holiday week. JPMorgan maintained a Neutral rating on the stock while <a href="https://www.benzinga.com/quote/USFD/analyst-ratings">raising the price target </a>from $82 to $85. US Foods shares trade near all time highs with momentum coming from the earnings report <a href="https://www.benzinga.com/25/05/45297979/whats-going-on-with-us-foods-stock-on-thursday">back in May.</a> The company missed Street estimates for earnings per share and revenue, while reporting a 4.5% year-over-year sales increase and increased gross profits and total case volume. The company's net income was up 40% year-over-year in the first quarter. After a strong quarterly report and a June defense agency contract award win, the company could be one to watch.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0703"><img loading="lazy" decoding="async" width="999" height="497" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165727/Screenshot-486.png" alt="" class="wp-image-972632" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165727/Screenshot-486.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165727/Screenshot-486-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165727/Screenshot-486-768x382.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Franco-Nevada Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>): Interest has been rising in gold and precious metals stocks in recent weeks. This week's Stock Whisper Index sees a precious metals company make it, but one of a different nature. Unlike past stocks that mine the metals that have made the list, Franco-Nevada is a gold-focused royalty and streaming company. The company does not operate mines or conduct exploration, instead owning a portfolio of royalties and streams. Franco-Nevada has a history of increasing its dividend and could be viewed as a safer bet in the sector than some of the other companies. UBS maintained a Buy rating and <a href="https://www.benzinga.com/quote/FNV/analyst-ratings">raised the price target</a> from $205 to $210.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0703"><img loading="lazy" decoding="async" width="997" height="496" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165742/Screenshot-487.png" alt="" class="wp-image-972633" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165742/Screenshot-487.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165742/Screenshot-487-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165742/Screenshot-487-768x382.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Johnson Controls International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>): The commercial HVAC and building management company saw strong interest from readers during the week, which comes with analysts increasing their price target on the stock in recent months. Johnson Controls shares recently hit new all time highs with the stock up 35% year-to-date in 2025. Investors could be getting ready for upcoming third-quarter financial results, which are expected in late July. The company has beaten analyst estimates for earnings per share and revenue in two straight quarters. The strong recent earnings momentum along with an increased share buyback plan could see shares continue to take out new highs.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0703"><img loading="lazy" decoding="async" width="995" height="505" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165757/Screenshot-488.png" alt="" class="wp-image-972634" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165757/Screenshot-488.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165757/Screenshot-488-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165757/Screenshot-488-768x390.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Northrop Grumman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>): One of the largest defense contractors, Northrop Grumman saw increased interest from readers during the week with tensions in the Middle East<a href="https://www.benzinga.com/markets/equities/25/06/46045651/northrop-grumman-jumps-5-overnight-as-b-2-bombers-return-to-missouri-after-36-hour-iran-strike-trump-says-job-well-done"> remaining heightened.</a> The company manufactures the B2 bomber and is involved in several other top defense weapons used. Investors are likely anticipating the company's second-quarter financial results later this month with analysts forecasting earnings per share to grow to $6.70 and revenue to decline to $10.11 billion. The company has beaten analyst estimates for earnings per share in nine of the last 10 quarters and for revenue in seven of the last 10 quarters. Northrop Grumman could be a winner if tension escalates in the Middle East and potentially thanks to increased defense spending by the US and other nations.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0703"><img loading="lazy" decoding="async" width="999" height="503" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165811/Screenshot-489.png" alt="" class="wp-image-972635" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165811/Screenshot-489.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165811/Screenshot-489-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165811/Screenshot-489-768x387.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>): The biotech best known for its work on HIV and Hepatitis drugs recently<a href="https://www.benzinga.com/news/fda/25/06/46023093/fda-approves-gileads-game-changing-twice-yearly-shot-to-prevent-hiv-transmission-critics-slam-28k-price-tag"> received FDA approval</a> for Yeztugo, the first and only twice-yearly option in the US for pre-exposure prophylaxis to reduce the risk of HIV in adults. While the company received approval there are questions over how much the drug will be priced at with Gilead working with insurers to increase coverage options. High pricing of the drug could cause pushback against the company, while also helping boost revenue and earnings. Gilead is set to report quarterly financial results in August and could provide an update on the drug. The company has beaten analyst estimates in five straight quarters and beaten analyst revenue estimates in nine of the last 10 quarters.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0703"><img loading="lazy" decoding="async" width="1001" height="494" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165827/Screenshot-490.png" alt="" class="wp-image-972636" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165827/Screenshot-490.png 1001w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165827/Screenshot-490-300x148.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03165827/Screenshot-490-768x379.png 768w" sizes="(max-width: 1001px) 100vw, 1001px" /></a></figure>
Stay tuned for next week's report, and follow Benzinga Pro for all the latest headlines and <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0703" target="_blank" rel="noreferrer noopener">top market-moving stories here.</a>
Read the latest Stock Whisper Index reports here:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45827517/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-68" target="_blank" rel="noreferrer noopener">June 6</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45938888/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-69" target="_blank" rel="noreferrer noopener">June 13</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/46043300/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-70" target="_blank" rel="noreferrer noopener">June 20</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/46157351/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-71">June 27</a></li>
</ul>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46236448/exclusive-2025s-first-half-most-searched-tickers-on-benzinga-pro-where-do-nvidia-tesla-apple-stock-rank">EXCLUSIVE: 2025&#8217;s First Half Most-Searched Tickers On Benzinga Pro — Where Do Nvidia, Tesla, Apple Stock Rank?</a></li>
</ul>

Long Ideas

Exclusives

Trading Ideas

GILD

USFD

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas" target="_blank" rel="noreferrer noopener"> many investors' favorite stocks</a> over the last week — here's a look at some of our top stories.
Markets closed out a holiday‑shortened week with the S&amp;P 500 and Nasdaq 100 reaching fresh record highs. The rally was powered by unexpectedly strong job growth, robust factory orders, and a surprise U.S.-Vietnam trade deal that lifted sentiment.
Under the Vietnam deal, the U.S. will impose a 20% tariff on Vietnamese exports and 40% on transshipped goods, while offering U.S. companies tariff‑free access to Vietnam's domestic market — a strategic win ahead of the July 9 tariff deadline.
With June payrolls beating forecasts (+147,000 jobs, unemployment at 4.1%) and industrial orders surging, markets concluded the week on a confident note. Still, rate‑cut odds dropped sharply as the job strength reduced the case for a July Fed cut.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.

The Bulls
<a href="https://www.benzinga.com/trading-ideas/movers/25/07/46236303/datadog-stock-surges-on-sp-500-inclusion">"Datadog stock surges on S&amp;P 500 inclusion"</a>, by Adam Eckert, reports that Datadog Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) jumped more than 9% after being named to replace Juniper Networks in the S&amp;P 500, a move expected to trigger increased institutional buying and index-tracking fund inflows.
<a href="https://www.benzinga.com/trading-ideas/movers/25/07/46250801/sharplink-gaming-sbet-stock-is-trending-today-whats-going-on">"SharpLink Gaming stock is trending today: what's going on?"</a>, by Adam Eckert, reports that SharpLink Gaming Inc. (NASDAQ: SBET) shares rose about 6% mid‑day on Thursday after the company highlighted its Ethereum treasury strategy — staking its ETH reserves into protocols, earning 102 ETH in late June, and announcing it will ring the Nasdaq closing bell in celebration of the move.
<a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46204827/stock-of-the-day-bank-of-america-breaks-out">"Stock of the Day: Bank of America breaks out"</a>, by Mark Putrino, reports that Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) appears to have broken through a key resistance level — suggesting rising demand may be propelling the stock into a sustained upward trend.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/news/space/25/07/46210595/650-later-rocket-lab-ceo-isnt-one-bit-worried">650% Later, Rocket Lab CEO Isn't One Bit Worried</a>
<a href="https://www.benzinga.com/markets/tech/25/07/46260998/apple-store-stock-performance-july-analysis">Apple's App Store Just Had A Blowout Quarter — And That Might Be The Signal Bulls Needed</a>
<a href="https://www.benzinga.com/trading-ideas/movers/25/07/46246380/iren-stock-is-rising-thursday-whats-going-on">IREN Stock Is Rising Thursday: What's Going On?</a>

The Bears
<a href="https://www.benzinga.com/markets/guidance/25/07/46209736/centene-withdraws-2025-guidance-shares-dive">"Centene withdraws 2025 guidance, shares dive"</a>, by Adam Eckert, reports that Centene Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>) stock plunged over 21% after it pulled its full-year 2025 guidance — citing a preliminary actuarial review showing a $1.8 billion reduction in risk adjustment revenue and a projected $2.75 EPS hit — triggering a sell‑off across the health insurance sector.
<a href="https://www.benzinga.com/trading-ideas/movers/25/07/46235023/lucid-reports-q2-production-delivery-numbers-shares-stall">"Lucid reports Q2 production, delivery numbers, shares stall"</a>, by Adam Eckert, reports that Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) produced 3,863 vehicles in Q2 and delivered 3,309, both record highs year‑over‑year but short of Wall Street estimates, causing shares to stall despite continued progress in scaling production and demand.
<a href="https://www.benzinga.com/markets/tech/25/07/46242782/why-qualcomms-stock-isnt-soaring-like-its-rivals">"Why Qualcomm's stock isn't soaring like its rivals"</a>, by Anusuya Lahiri, reports that Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) has delivered modest 6% year‑to‑date gains — trailing the PHLX Semiconductor Index's 13% and Nvidia's 43% — due to its heavy reliance on handset markets and slower diversification into AI and data‑center chips.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/trading-ideas/movers/25/07/46222916/centenes-guidance-withdrawal-spooks-sector-oscar-health-stock-falls">Centene's Guidance Withdrawal Spooks Sector, Oscar Health Stock Falls</a>
<a href="https://www.benzinga.com/trading-ideas/movers/25/07/46220830/united-health-stock-is-sliding-today-whats-going-on">United Health Stock Is Sliding Today: What's Going On?</a>
<a href="https://www.benzinga.com/trading-ideas/movers/25/07/46252812/webull-stock-is-sliding-after-the-close-whats-going-on">Webull Stock Is Sliding After The Close: What's Going On?</a>

Keep up with all the latest breaking news and trading ideas by following <a href="https://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener">Benzinga</a><a href="http://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener"> on X</a>.
Image created using artificial intelligence via Midjourney.

AAPL

BULL

DDOG

IREN

LCID

OSCR

QCOM

RKLB

SBET

Benzinga Bulls And Bears: Datadog, Centene, Lucid — And US Makes Surprise Trade Deal With Vietnam

Venture capitalist Marc Andreessen says Steve Jobs' legendary success stemmed from his refusal to tolerate mediocrity, even if it meant being one of "the most disagreeable people in the history of humankind."
What Happened: Speaking on the "A16z Podcast," Andreessen described the late Apple Inc. co-founder as someone who would argue over "the shape of a glass on the table in front of you," <a href="https://www.businessinsider.com/steve-jobs-marc-andreessen-apple-elon-musk-disagreeable-genius-2025-7">reported</a> Business Insider.
He said Jobs' relentless pursuit of perfection wasn't personal — it was foundational to his genius.
"It was where a lot of the genius came from," Andreessen said. "He was just not going to take the status quo for granted under any circumstances."
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/07/46256702/sundar-pichai-next-trumps-next-big-tech-payday-could-be-from-youtube-after-settling-lawsuits-with-meta-and-x-productive-discussions-underway" target="_blank" rel="noreferrer noopener">Sundar Pichai Next? Trump's Next Big Tech Payday Could Be From YouTube After Settling Lawsuits With Meta And X: ‘Productive Discussions' Underway</a>
Andreessen, who met Jobs in the 1990s, said books tend to portray him as either a saint or a tyrant, but in reality, "the truth was in the middle."
"If you brought him first-class work… he was the best manager and CEO you were ever going to work with," Andreessen added.
He compared Jobs' approach to that of Tesla Inc. CEO Elon Musk, pointing out that both used "first principles thinking," a method of breaking down problems to their core elements.
Jobs' exacting standards created an environment where "the best people in the world are going to love being here because they&#8217;re surrounded by the best people in the world," he said.
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: Jobs is credited with <a href="https://www.benzinga.com/news/24/05/39036830/when-apple-plunged-into-severe-losses-steve-jobs-used-these-3-simple-strategies-to-save-cupertino-fr">saving the company from</a> near bankruptcy in the 1990s. At a time when Apple was struggling with massive losses and dwindling cash reserves, Jobs returned in 1997 and led a strategic turnaround.
He secured a $150 million investment from Microsoft Corporation, streamlined the product line and launched iconic products like the iPod, iPhone, MacBook and iPad, transforming Apple into one of the world's most valuable companies.
On Aug. 24, 2011, Jobs resigned as Apple's CEO, just six weeks before he <a href="https://www.benzinga.com/news/23/08/34022798/this-day-in-apple-history-steve-jobs-resigned-as-ceo-12-years-ago-and-handed-reins-to-tim-cook">sadly passed away</a> following a nearly decade-long fight with pancreatic cancer.
Today, Apple's market capitalization is at $3.189 trillion.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46188260/satya-nadella-says-microsofts-ai-orchestrator-beats-human-doctors-on-tough-diagnoses-what-this-means-for-the-future-of-healthcare" target="_blank" rel="noreferrer noopener">Satya Nadella Says Microsoft's AI ‘Orchestrator' Beats Human Doctors On Tough Diagnoses — What This Means For The Future of Healthcare</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Kemarrravv13/ Shutterstock

Marc Andreessen Says Steve Jobs Wasn't A Saint Or A Monster: Just A Genius Who Refused To Accept Mediocrity And Made Everyone Better

President Donald Trump has said that he has signed letters to 12 countries, detailing the tariff rates they would face on exports to the United States. 
What Happened: According to a Reuters report, these &#8220;take it or leave it&#8221; offers are set to be dispatched on Monday. Trump did not disclose the countries involved.
The U.S. President had previously indicated that the letters would be dispatched on Friday, a national holiday in the U.S. However, the date has now been postponed. The letters outline the tariff levels that would apply to the countries&#8217; exports to the U.S.
See Also: <a href="https://benzinga.com/markets/equities/24/09/40800872/wall-street-falls-ahead-of-trump-harris-debate-bank-stocks-tumble-oil-plummets-to-65-on-weaker-d">Wall Street Falls Ahead Of Trump-Harris Debate, Bank Stocks Tumble, Oil Plummets To $65 On Weaker Demand Outlook: What&#8217;s Driving Markets Tuesday? &#8211; Benzinga</a>
Trump announced a 10% base tariff rate in April, with additional rates for most countries, some as high as 50%. However, all rates except the 10% base were suspended for 90 days to allow for further negotiations.
This period ends on July 9, with Trump suggesting that the tariffs could be increased to as high as 70%, with most taking effect on August 1.
Trump and his administration initially planned to negotiate tariff rates with numerous countries, but have since shifted to sending out letters, a process the President finds easier. The only trade deals reached so far are with the U.K. and Vietnam.
Why It Matters: This move by the Trump administration is part of a larger strategy to favor straightforward agreements over complex negotiations.
Trump had earlier announced that the U.S. would raise tariffs to up to 70% as the July 9 deadline approached. Negotiations with countries such as <a href="https://www.benzinga.com/news/politics/25/07/46263399/trump-says-us-will-raise-tariffs-to-up-to-70-as-july-9-deadline-looms">Indonesia, South Korea, the European Union, and Switzerland</a> were reaching critical stages.
The U.S. stock market has been reacting to these developments, with the announcement of a trade deal with Vietnam <a href="https://www.benzinga.com/markets/equities/25/07/46240810/us-stocks-likely-to-open-higher-as-trump-announces-vietnam-trade-deal-sp-500s-golden-cross-reason-to-expect-better-than-average-returns-says-expert">leading to a rise in stock futures</a>.
The Trump administration&#8217;s shift in strategy has also been evident in its <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46188192/trump-administration-reportedly-scales-back-ambitions-for-comprehensive-trade-deals-before-tariff-deadline">decision to favor narrower agreements</a> to avoid the reimposition of U.S. tariffs.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46259176/trumps-decision-to-end-tax-free-loophole-for-low-value-goods-from-china-leads-to-a-sharp-decline-in-air-cargo-shipments">Trump&#8217;s Decision To End Tax-Free Loophole For Low-Value Goods From China Leads To A Sharp Decline In Air Cargo Shipments</a></li>
</ul>
Photo courtesy: Shutterstock

Macro Notification

Trump to Send 'Take It Or Leave It' Tariff Letters To 12 Countries On Monday: Report

On Friday, billionaire entrepreneur Mark Cuban acknowledged that he and the other Shark Tank investors missed a major opportunity by not backing the Tree T-Pee, a water-saving farming invention pitched over a decade ago.
What Happened: The product, developed by Florida farmer Johnny Georges, was introduced in Season 5 of Shark Tank as a plastic containment system that conserves water by directing it straight to the roots of young trees.
In his pitch, Georgess said that the Tree T-Pee could reduce annual water usage per tree from 25,000 gallons to just 800.
Although Georges impressed the panel with his authenticity and mission-driven approach, most sharks declined to invest due to low profit margins.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/05/45433850/mr-wonderful-kevin-oleary-says-youre-literally-giving-away-money-to-billers-by-not-doing-this-one-simple-thing-and-hes-been-doing-it-for-decades" target="_blank" rel="noreferrer noopener">Mr Wonderful Kevin O&#8217;Leary Says You&#8217;re Literally Giving Away Money To Billers By Not Doing This One Simple Thing — And He&#8217;s Been Doing It For Decades</a>
Kevin O'Leary, for instance, raised concerns about scalability and the lack of pricing flexibility. However, guest shark John Paul DeJoria stepped in with a $150,000 offer for 20% equity, moved by Georges' dedication to farmers.
Now, over a decade later, the company is reportedly thriving with an estimated valuation of around $100 million, <a href="https://thetecheducation.com/tree-t-pee-net-worth-2022-how-much-money-does-tree-t-pee-make/">according</a> to The Tech Education.
Responding to a resurfaced clip from the episode on X, formerly Twitter, one social media user criticized the sharks' predatory behavior and praised George's values.
In response, Cuban replied, "That was a mistake. We blew it on this one. But I know I learned a lot in hindsight."
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.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">That was a mistake. We blew it on this one. But I know I learned a lot in hindsight
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1941263089632260358?ref_src=twsrc%5Etfw">July 4, 2025</a></blockquote>
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Why It's Important: According to the Bloomberg Billionaire <a href="https://www.bloomberg.com/billionaires/profiles/mark-cuban/">Index</a>, Cuban has a net worth of $8.53 billion. He co-founded Broadcast.com, an internet streaming service that he sold to Yahoo! for $4.8 billion in 1999.
Cuban, who joined Shark Tank as a guest in season 2 and became a full-time Shark in season 3, announced in 2023 that he'll leave the show after season 16. While he feels ready to move on, Cuban also said he'll deeply miss the cast and crew he's worked with over the years.
In a <a href="https://people.com/why-is-mark-cuban-leaving-shark-tank-11736058">conversation</a> with People, Cuban explained that he's leaving Shark Tank to spend more time with his kids, saying he wants to be present during important family moments and has no regrets about his decision.
Earlier this year, Cuban <a href="https://www.cnbc.com/2025/05/20/mark-cuban-exits-shark-tank-a-look-at-his-investing-strategy.html">told</a> CNBC Make It that he's invested roughly $33 million during his time on Shark Tank, earning up to $35 million in cash returns and holding mark-to-market equity valued at no less than $250 million.
While he pledged around $61.9 million across over 200 deals on air, not every agreement shown closes afterward, according to Shark Tank Insights.
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&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.
Photo courtesy: Shutterstock

Mark Cuban Admits 'We Blew It' On Tree T-Pee Deal — Says Passing On Water-Saving Invention Was A Major Mistake In Shark Tank History: 'I Learned A Lot In Hindsight'

Rep. Tom Suozzi (D-N.Y.) has come under scrutiny for selling up to $50,000 in Global Industrial Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIC#NYSE">GIC</a>) stock without prior disclosure.
What Happened: This transaction occurred just before a significant tariff announcement by President Donald Trump, according to a report <a href="https://fortune.com/2025/07/04/democratic-rep-tom-suozzis-stock-sale-loophole-congressional-disclosure/">by</a> Fortune.
Suozzi&#8217;s stock sale was not publicly disclosed due to a loophole in federal law, which has since been addressed by Congress to prevent similar incidents. Suozzi&#8217;s office stated that he adhered to the rules in place when he last filed his financial disclosures in 2024.
His Chief of Staff, Matt Fried, confirmed that Suozzi complied with House Ethics rules.
The congressman&#8217;s stock dealings have attracted attention amid a push by a bipartisan group in Congress to prohibit lawmakers from trading stocks. They argue that the current financial disclosure law, the STOCK Act, is being misused.
See Also: <a href="https://benzinga.com/crypto/25/07/46261889/bitcoins-fourth-of-july-journey-from-revolutionary-vision-to-wall-streets-darling">Bitcoin&#8217;s Fourth of July Journey: From Revolutionary Vision To Wall Street&#8217;s Darling &#8211; Benzinga</a>
Suozzi, now a member of the House Committee on Ways and Means, supports the Bipartisan Restoring Faith in Government Act of 2025, which aims to restrict stock trading by Congress members. He co-sponsored the bill in May.
Why It Matters: The issue of stock trading by lawmakers has been a contentious topic, with several recent reports highlighting questionable transactions.
For instance, <a href="https://www.benzinga.com/insights/government/25/07/46261136/congressional-trading-report-rep-scott-franklin-bought-over-27k-in-accenture-stock">Rep. Scott Franklin</a> recently purchased Accenture stock valued between $27,027 and $405,000, while <a href="https://www.benzinga.com/insights/government/25/06/46076472/congressional-trading-report-rep-robert-bresnahan-sold-over-36k-in-3m-stock">Rep. Robert Bresnahan</a> sold 3M stock valued between $36,008 and $190,000.
These transactions, along with Suozzi&#8217;s, underscore the ongoing debate about the ethical implications of congressional stock trading and the need for stricter regulations.
In May, congressional stock trades were closely monitored, but<a href="https://www.benzinga.com/content/46041903/congresss-may-stock-trades-what-they-know-that-you-dont"> no major red flags were raised</a>.
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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: Ron Adar / Shutterstock.com

Democratic Congressman Tom Suozzi's Stock Sale Used A Disclosure Loophole: Report

On Friday, President Donald Trump said the U.S. is <a href="https://www.benzinga.com/markets/tech/25/06/45988862/trump-extends-tiktok-divestment-deadline-again-says-xi-will-ultimately-approve-the-deal-amid-stalled-us-spinoff-talks">poised to resume negotiations</a> with China as early as Monday or Tuesday over a potential deal involving TikTok's U.S. operations.
What Happened: Speaking to reporters on Air Force One, Trump said that the U.S. "pretty much" has a deal in place for the ByteDance-owned video app, reported Reuters.
"I think we&#8217;re gonna start Monday or Tuesday&#8230; talking to China, perhaps President Xi or one of his representatives," Trump said. "We pretty much have a deal."
When asked how confident he was about Beijing&#8217;s cooperation, Trump responded, "I&#8217;m not confident, but I think so. President Xi and I have a great relationship and I think it&#8217;s good for them. I think the deal is good for China and it&#8217;s good for us."
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/07/46199580/microsoft-rivian-intel-slash-jobs-in-june-tech-layoff-spree?utm_source=articleShare" target="_blank" rel="noreferrer noopener">Microsoft, Rivian, Intel Slash Jobs In June Tech Layoff Spree</a>
Why It's Important: TikTok's fate has become a high-stakes issue at the intersection of national security, data privacy and U.S.-China trade tensions.
The original plan — which involved spinning off TikTok's U.S. assets into a new, American-controlled company — had stalled earlier this year after Trump announced sweeping tariffs on Chinese imports.
In response, China signaled it would block any forced divestment, <a href="https://www.benzinga.com/markets/tech/25/06/45988862/trump-extends-tiktok-divestment-deadline-again-says-xi-will-ultimately-approve-the-deal-amid-stalled-us-spinoff-talks">delaying the deal's progress</a>.
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Last month, Trump extended the deadline for TikTok's Chinese parent company, ByteDance, to divest U.S. operations until Sept. 17. The president said a final deal would likely require China&#8217;s sign-off.
Before the widespread tariffs were announced in April, a deal appeared likely, with a group of U.S. investors — including Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) and the venture capital firm Andreessen Horowitz — <a href="https://www.benzinga.com/25/01/43198088/tiktok-ban-sparks-divide-oracle-backs-trump-while-apple-google-play-it-safe">showing interest</a>.
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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ORCL

Trump Says 'We Pretty Much Have A Deal' As He Reveals US Will Resume TikTok Deal Talks With China Soon

Shaquille O&#8217;Neal, the former Los Angeles Lakers star, wants a $50 million payout from the team following its recent sale. O&#8217;Neal, who was a key player in the Lakers&#8217; success, believes he is entitled to a share of the $10 billion sale due to his contributions to the team&#8217;s victories.
What Happened: O&#8217;Neal, a four-time NBA champion, spent the majority of his career with the Lakers, winning three titles with the team. After his departure, the Lakers continued their success, with Kobe Bryant leading the team to back-to-back championships between 2008 and 2010.
The Lakers were recently sold to TWG Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWO#NASDAQ">TWO</a>) CEO Mark Walter for $10 billion, with the potential for the deal to increase. O&#8217;Neal, who was never a stakeholder, jokingly asked for a $50 million check during a recent podcast episode, citing his contributions to the team&#8217;s victories alongside Bryant and Magic Johnson.
O&#8217;Neal&#8217;s request comes after he revealed a career-defining regret in his autobiography, where he admitted to not following the advice of his coach, Phil Jackson, which could have potentially extended his career. O&#8217;Neal also disclosed that he was $80,000 in debt before playing his first NBA game, following a $1 million endorsement deal.
See Also: <a href="https://benzinga.com/25/04/44888232/trumps-top-economic-adviser-kevin-hassett-says-white-house-is-exploring-options-to-fire-fed-chair-jerome-powell-the-president-and-his-team-will-continue-to-study">Trump&#8217;s Top Economic Adviser Kevin Hassett Says White House Is Exploring Options To Fire Fed Chair Jerome Powell: &#8216;The President And His Team Will Continue To Study&#8217; &#8211; Benzinga</a>
Why It Matters: This demand for a $50 million payout is the latest in a series of financial revelations from O&#8217;Neal. Despite his successful basketball career and lucrative endorsements, O&#8217;Neal has been open about his <a href="https://www.benzinga.com/personal-finance/management/25/06/45827895/shaq-buys-a-kid-with-size-19-feet-10-pairs-of-shoes-after-hearing-hes-squeezing-into-whatever-mom-can-afford-he-had-to-do-same-for-3-years">financial struggles</a>, including his debt before his NBA debut.
This demand for a share of the Lakers&#8217; sale could be seen as a reflection of O&#8217;Neal&#8217;s financial journey, as he continues to navigate the complexities of<a href="https://www.benzinga.com/markets/25/04/44780032/shaqs-financial-wisdom-its-not-what-you-make-its-what-you-keep-and-whats-in-his-wallet-might-surprise-you"> wealth and success</a>.
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Sports

Shaquille O'Neal Wants $50 Million From Lakers Following $10 Billion Sale

Melinda French Gates has indicated that despite initially trying to save her marriage, it was Bill Gates's confirmed infidelity that ultimately pushed her to end their decades-long relationship.
What Happened: Speaking on Elizabeth Day's "How to Fail" podcast that was posted on YouTube earlier this week, French Gates opened up about the personal turmoil she endured before deciding to divorce the Microsoft Corporation co-founder.
"When that voice would come—and it would come at different times because of things that had happened outside the marriage that I would later come to learn about—I kept pushing it away," she said.
French Gates explained that she and Bill had a solid foundation and deep professional alignment through the Gates Foundation, which decided to separate even more difficult. 
See Also: <a href="https://www.benzinga.com/general/education/25/04/44838040/melinda-french-gates-talks-about-navigating-panic-attacks-and-personal-reinvention-after-microsoft">Melinda French Gates Talks About Navigating Panic Attacks And Personal Reinvention After Microsoft</a>
"I believed in that work," she said. "It wasn't just two of us involved, it was five of us," referring to <a href="https://www.benzinga.com/tech/25/05/45162723/bill-gates-daughter-phoebe-says-mom-melinda-gave-tough-love-advice-after-investors-questioned-motherhood-plans-get-up-or-get-out-the-game">their three children</a>: Jennifer, Rory and Phoebe Gates.
Still, after learning of Gates's infidelity—something he publicly acknowledged later—she said she could no longer ignore the truth. "At some point, I had to turn towards it and I just knew it and I knew it in my soul," she said.
Despite the emotional weight of the divorce, French Gates reflected on the love they once shared. "It's two people who've come together, hopefully in love — and in my case, I would definitely say that — so then the pulling it apart later is really hard."
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Why It's Important: The couple, once considered a philanthropic power duo, finalized their divorce in 2021 after 27 years of marriage.
In 2022, on the first anniversary of their divorce announcement, the Microsoft co-founder addressed allegations of an affair, admitting he "made mistakes" and taking responsibility for causing pain to his family, <a href="https://www.theguardian.com/us-news/2022/may/03/bill-gates-affair-allegations-divorce-melinda-french">reported</a> The Guardian.
He described the divorce as sad and said they are moving forward while continuing to work together. He declined to share more details about the affair.
According to the Bloomberg Billionaires <a href="https://www.bloomberg.com/billionaires/">Index</a>, French Gates has an estimated net worth of $16.6 billion, whereas Bill's net worth stands at $124 billion.
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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: Jack Gruber-USA TODAY via Imagn

Melinda French Gates Tried To Hold It Together For The Family And Foundation—But Indicates Bill Gates's Infidelity Left Her No Choice

Billionaire entrepreneur Mark Cuban said that he believes artificial intelligence (AI) could lead to the creation of the world&#8217;s first trillionaire.
What Happened: Cuban, aged 66, predicted this during<a href="https://www.cnbc.com/2025/07/03/mark-cuban-the-worlds-first-trillionaire-could-use-ai-to-get-there.html"> the</a> "High Performance" podcast by CNBC on Sunday. He highlighted that the future trillionaire will likely be someone who innovatively harnesses AI.
He remarked, "We haven't seen the best, or the craziest, of what [AI] is going to be able to do." He also speculated that this groundbreaking innovation might emerge from an unexpected source, noting, "Not only do I think it'll create a trillionaire, but it could be just one dude in the basement."
Chipotle Mexican Grill Inc. CEO Scott Boatwright recently pointed out AI&#8217;s effectiveness in cutting down hiring time by 75%, according to Fortune. Cuban compared AI&#8217;s potential to the early days of personal computers and smartphones, predicting it will become essential.
See Also:<a href="https://www.benzinga.com/personal-finance/entrepreneurship/25/06/45938396/mark-cuban-talks-about-his-struggles-during-his-first-company-i-didnt-take-a-vacation-for7-years"> Mark Cuban Talks About His Struggles During His First Company: &#8216;I Didn&#8217;t Take A Vacation For…7 Years&#8217;</a>
Despite AI&#8217;s promising future, Cuban acknowledged potential challenges, including job displacement and environmental impacts. He encouraged people to engage with AI tools like ChatGPT to better understand and improve them, emphasizing the importance of familiarizing oneself with this rapidly evolving technology.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
"I'm not saying that all of a sudden, there are going to be robots that are smarter than people &#8230; But we'll find ways to make our lives better," Cuban added.
Why It Matters: Mark Cuban has long been a vocal advocate for technological innovation. His insights into AI&#8217;s potential to create unprecedented wealth come amid a broader conversation about the transformative power of technology.
Cuban&#8217;s entrepreneurial journey, which began with the founding of MicroSolutions at age 24, underscores his belief in hard work and innovation as keys to success. He has previously shared his struggles, including<a href="https://www.benzinga.com/personal-finance/entrepreneurship/25/06/45938396/mark-cuban-talks-about-his-struggles-during-his-first-company-i-didnt-take-a-vacation-for7-years"> not taking a vacation for seven years</a> while building his first company.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Mark Cuban Predicts AI Will Create The First Trillionaire And 'It Could Just Be One Dude In The Basement'

The US Air Force has decided to halt a project with SpaceX, the aerospace company led by Elon Musk. The project, which involved testing hypersonic rocket cargo deliveries from a remote Pacific atoll, has been suspended due to environmental concerns.
What Happened: The US Air Force has put a stop to its plans with SpaceX to conduct hypersonic rocket cargo delivery tests from the Johnston Atoll, a remote Pacific atoll. According to a Reuters report, this decision comes in the wake of concerns raised by biologists and experts about the potential harm to the seabird population that nests at the wildlife refuge on the atoll.
The project, which aimed to test landing rocket re-entry vehicles designed to deliver up to 100 tons of cargo to any location on Earth within approximately 90 minutes, was expected to be a game-changer in military logistics. However, the environmental impact of the project has led to its suspension.
See Also: <a href="https://benzinga.com/news/25/07/46262296/trumps-big-beautiful-bill-offers-seniors-a-6-000-bonus-tax-deduction-heres-how-you-qualify-for-the-b">Trump&#8217;s &#8216;Big, Beautiful Bill&#8217; Offers Seniors A $6,000 &#8216;Bonus&#8217; Tax Deduction: Here&#8217;s How You Qualify For The Benefit &#8211; Benzinga</a>
The Air Force had initially planned to conduct an environmental assessment of the project, but the publication of a draft assessment was delayed due to opposition from environmental groups.
Why It Matters: This suspension raises questions on the $13.5 billion U.S. Space Force contract to launch some of the Pentagon's most <a href="https://www.benzinga.com/25/04/44655959/elon-musks-spacex-jeff-bezos-blue-origin-and-boeing-lockheeds-ula-bag-13-5-billion-pentagon-launch-contracts">sensitive satellites </a>through 2029. SpaceX received this project alongside United Launch Alliance and Jeff Bezos' Blue Origin to modernize its military capabilities.
SpaceX has also been in the news for its ambitious plans, including <a href="https://www.benzinga.com/news/space/25/06/46182689/elon-musk-wants-you-to-stream-rocket-launches-heres-how-to-get-breathtaking-live-views-of-earth">live streaming rocket launches</a> and <a href="https://www.benzinga.com/news/space/25/07/46241328/elon-musk-calls-for-retiring-international-space-station-after-trumps-tax-bill-allocates-over-1-25-bil">calling for the retirement of the International Space Station</a>.
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US Air Force Suspends SpaceX Cargo Rocket Project In Pacific Over Ecological Concerns

Much has been made of the multitude of ways Gen Z is reshaping the culture in corporate America. From their <a href="https://www.upwork.com/research/future-workforce-index-2025">preference for freelance roles</a> to their <a href="https://www.forbes.com/sites/danpontefract/2024/09/28/conscious-unbossing-why-gen-z-is-steering-clear-of-middle-management/">aversion to management positions</a>, the generation is changing the way offices look and feel.
Now, <a href="https://www.businessinsider.com/overshare-work-office-hr-communication-coworkers-employees-gen-z-internet-2025-6">Business Insider</a> is drawing attention to another way this new generation is affecting the workplace: oversharing.
While most agree that it&#8217;s a good thing that workplaces are becoming more human and empathetic, there is also recognition that Gen Z often crosses the line from being authentic to being unfiltered.
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<li>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>. </li>
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In some ways, Business Insider says, the fault lies with companies that have encouraged employees to "bring their whole selves to work." This ideology was intended to build connections and loyalty, and to blur the lines between company time and private life.&nbsp;
&#8220;I don&#8217;t think workplaces and the culture more broadly are doing a good job of giving people guidance about how to preserve boundaries and why it might actually be in their best interest to preserve some boundaries at work,&#8221; <a href="https://www.askamanager.org/">Ask a Manager</a> columnist and owner Alison Green said.
Institute for Life at Work founder Constance Noonan Hadley agrees. Many people, especially younger employees, "don&#8217;t know how to behave in what we consider traditionally professional ways&#8221; at work, she told the outlet. &#8220;I think perhaps people have misunderstood that whole idea of just full, unfettered self-expression.&#8221;&nbsp;
Trending: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. <a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment">Back a bold new approach to cancer treatment with high-growth potential.</a>
There's a spectrum of consequences that come with oversharing, these experts agree. On the one end, you risk becoming an annoyance for managers and co-workers, while on the other end, you may cause real harm to the company and your own professional reputation.&nbsp;
Chronic oversharing may lead those in positions of power to feel that you aren't trustworthy, or that you're too unstable or preoccupied to handle your workload.&nbsp;
&#8220;How you present yourself at work does really have an impact on your growth, your influence, and honestly, job security, being able to progress up to the top,&#8221; director of global talent at Bansk Beauty, Sasha Leatherbarrow, told Business Insider. &#8220;If you are the office gossip, how many times do you see C-suite sitting in the office gossiping? You don&#8217;t.&#8221;
See Also: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — <a href="https://www.benzinga.com/money/meet-the-company-seeking-to-give-americans-energy-independence-and-learn-how-you-can-become-an-early-investor">Become an Investor in This $41.3M Clean Energy Brand Today</a>
Finding the right balance between being open and oversharing can be difficult. The experts who spoke to Business Insider felt that sharing some personal information is necessary to bond and establish trust.&nbsp;
The best way to determine whether or not you're sharing too much? Ask yourself how you'd feel if the roles were reversed, and a co-worker was sharing these things with you. &#8220;You don&#8217;t need to overshare; you just need to read the room,&#8221; Leatherbarrow said. &#8220;We want personality, not personal drama.&#8221;
Read Next: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
Image: Shutterstock

The Oversharing Phenomenon: Why Gen Z Struggles With Boundaries In The Workplace

OpenAI CEO Sam Altman expressed disappointment with the Democratic Party, saying it no longer aligns with the pro-innovation values he once shared, leaving him "politically homeless."
What Happened: Altman, 40, posted on X on Friday, celebrating America while sharing his frustrations with today's political climate. 
"I am extremely proud to be an American," he wrote, adding, "I firmly believe this is the greatest country ever on Earth," before criticizing Democrats for veering away from a culture of entrepreneurship.
"I believe in techno-capitalism. We should encourage people to make tons of money and then also find ways to widely distribute wealth and share the compounding magic of capitalism," Altman said.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46199580/microsoft-rivian-intel-slash-jobs-in-june-tech-layoff-spree?utm_source=articleShare" target="_blank" rel="noreferrer noopener">Microsoft, Rivian, Intel Slash Jobs In June Tech Layoff Spree</a>
"One doesn't work without the other; you cannot raise the floor and not also raise the ceiling for very long."
Altman, whose <a href="https://www.benzinga.com/markets/tech/25/06/45852700/openai-surges-past-10-billion-in-annualized-revenue-amid-record-chatgpt-use-leaves-rivals-like-amazon-backed-anthropic-behind">AI company powers</a> ChatGPT, lamented that the Democrats once embraced those ideals but "have moved somewhere else at this point."&nbsp;
"So now I am politically homeless," he said.
He also criticized anti-billionaire rhetoric, saying, "I'd rather hear from candidates about how they are going to make everyone have the stuff billionaires have instead of how they are going to eliminate billionaires."
<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">I'm not big on identities, but I am extremely proud to be American. This is true every day, but especially today—I firmly believe this is the greatest country ever on Earth. The American miracle stands alone in world history. I believe in techno-capitalism. We should encourage…
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1941151234775511328?ref_src=twsrc%5Etfw">July 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: According <a href="https://www.forbes.com/profile/sam-altman/">to</a> Forbes, Altman currently has an estimated net worth of $1.7 billion. He dropped out of Stanford University in 2005 to launch the social mapping startup Loopt, which he sold in 2012 for $43 million and used the proceeds to establish his own venture fund.
Around that period, Altman also became a partner at the startup accelerator Y Combinator, eventually serving as its president from 2014 to 2019.
In 2019, he stepped down from YC to take on the role of CEO at OpenAI, although he was <a href="https://www.benzinga.com/news/23/11/35916508/openai-drama-timeline-all-the-twists-and-turns-starring-sam-altman">briefly ousted and reinstated</a> in 2023.
Read Next:
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<li><a href="https://www.benzinga.com/markets/large-cap/25/07/46223791/elon-musks-stupid-actions-will-be-teslas-nail-in-the-coffin-ross-gerber-warns?utm_source=articleShare" target="_blank" rel="noreferrer noopener">Elon Musk's ‘Stupid' Actions Will Be Tesla's ‘Nail In The Coffin,' Ross Gerber Warns</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.
Photo courtesy: jamesonwu1972 / Shutterstock.com

OpenAI CEO Sam Altman Says Democrats Lost The Plot As They No Longer Support Innovation Or Entrepreneurship: 'Now I Am Politically Homeless'

The Social Security Administration (SSA) has come under scrutiny for distributing an email that inaccurately describes the impact of President Donald Trump&#8217;s new tax legislation on Social Security benefits.
What Happened: The email, which has been shared by several beneficiaries, claims that the new tax law will eliminate federal income taxes on Social Security benefits for the majority of recipients, offering immediate financial relief to seniors, according <a href="https://www.nbcnews.com/politics/trump-administration/social-security-administration-sends-misleading-email-lauding-trumps-n-rcna216990">to</a> a report by NBC News on Friday.
"The bill ensures that nearly 90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits, providing meaningful and immediate relief to seniors who have spent a lifetime contributing to our nation's economy," the email stated, as per the report.
This message was also posted on the SSA&#8217;s website on Thursday.
Contrary to the email&#8217;s claims, the legislation, which<a href="https://www.benzinga.com/news/politics/25/07/46263434/trump-signs-sweeping-tax-and-spending-bill-that-cbo-says-will-add-3-3-trillion-to-us-deficit-cut-health-coverage-for-11-8-million-americans"> Trump has signed</a>, does not abolish these taxes. The bill, passed through budget reconciliation, is unable to modify Social Security. However, it does introduce temporary tax deductions for seniors.
See Also: <a href="https://benzinga.com/news/politics/25/07/46258994/trumps-big-beautiful-bill-hands-5-billion-win-to-big-pharma-report">Trump&#8217;s &#8216;Big, Beautiful Bill&#8217; Hands $5 Billion Win To Big Pharma: Report</a>
Trump&#8217;s Council of Economic Advisers has stated that these new deductions will alleviate the tax burden on Social Security benefits for most seniors. Despite this, Trump has repeatedly made the false claim that the legislation eliminates these taxes.
Critics, including former SSA officials and congressional Democrats, have condemned the email as misleading and politically motivated. Former SSA official Jeff Nesbit described the email as &#8220;unbelievable&#8221; and &#8220;unconscionable,&#8221; emphasizing that such political statements are unprecedented for the agency.
Why It Matters: According to projections by the Congressional Budget Office, the bill will significantly increase the federal deficit and reduce health coverage for millions of Americans.
The bill, celebrated by Trump as a historic victory, is part of a broader economic strategy that includes raising tariffs on imports, as detailed in Trump&#8217;s recent announcement about <a href="https://www.benzinga.com/news/politics/25/07/46263399/trump-says-us-will-raise-tariffs-to-up-to-70-as-july-9-deadline-looms">new tariffs set to take effect</a> soon.
Economist Justin Wolfers has criticized Trump&#8217;s economic policies, describing them as the largest redistribution of wealth from the poor to the rich in American history.
He highlights that the tax cuts primarily benefit the wealthy, with the <a href="https://www.benzinga.com/markets/25/06/45937660/trumps-one-big-beautiful-bill-is-the-largest-redistribution-from-poor-to-rich-in-american-history-sa">Congressional Budget Office</a> projecting significant gains for high-income households by 2027, while lower-income households face a decline.
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<li><a href="https://www.benzinga.com/news/politics/25/07/46263434/trump-signs-sweeping-tax-and-spending-bill-that-cbo-says-will-add-3-3-trillion-to-us-deficit-cut-health-coverage-for-11-8-million-americans">Trump Signs Sweeping Tax And Spending Bill That CBO Says Will Add $3.3 Trillion To US Deficit, Cut Health Coverage For 11.8 Million Americans</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

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