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Baldwin Insurance

The Baldwin Insurance

The Baldwin Insurance Group Inc is a United States-based insurance distribution firm. Its products include Business Insurance, Benefits Consulting, Reinsurance, Specialty MGA, Embedded Insurance., Personal insurance, etc.

The impact of the <a href="https://www.benzinga.com/markets/tech/25/07/46512850/microsoft-sounds-alarm-on-active-cyberattacks-targeting-sharepoint-thousands-of-us-government-servers-may-be-at-risk">serious flaw</a> in Microsoft Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) SharePoint servers has reached more than 400 organizations worldwide.
What Happened: Dutch cybersecurity firm Eye Security, which detected an early wave of attacks, reported a sixfold increase in victims within a few days, <a href="https://www.bloomberg.com/news/articles/2025-07-23/tally-of-microsoft-victims-surges-as-hackers-race-to-capitalize">reported</a> Bloomberg.&nbsp;
Among those breached is the U.S. National Nuclear Security Administration, the agency responsible for maintaining America's nuclear arsenal, the report said. The National Institutes of Health was also impacted.
South Africa's National Treasury also confirmed malware was found in its network and is working with Microsoft to resolve the issue.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45810135/walmart-microsoft-disney-slash-jobs-as-trump-tariffs-ai-push-corporate-america-into-layoff-mode" target="_blank" rel="noreferrer noopener">Walmart, Microsoft, Disney Slash Jobs As Trump Tariffs, AI Push Corporate America Into Layoff Mode</a>
Eye Security co-owner Vaisha Bernard warned that the real number of victims "might be much higher as there can be many more hidden ways to compromise servers that do not leave traces."
In a previous emailed statement, Microsoft directed <a href="https://pro.benzinga.com/dashboard">Benzinga</a> to a blog which stated that the tech giant is aware of ongoing attacks targeting on-premises SharePoint Server users by exploiting vulnerabilities that were only partially fixed in the July Security Update.
Why It's Important: On Tuesday, Microsoft <a href="https://www.benzinga.com/markets/large-cap/25/07/46585711/microsoft-warns-of-active-exploits-targeting-sharepoint-vulnerabilities">attributed the attacks</a> to Chinese state-backed hacker groups, including "Linen Typhoon," "Violet Typhoon" and "Storm-2603."
The breach has come amid ongoing geopolitical tension between the U.S. and China. U.S. Treasury Secretary Scott Bessent confirmed the attacks would be on the agenda during next week's trade talks in Stockholm, the report added.
Price Action: On Wednesday, Microsoft shares rose by 0.12% during regular trading and added another 0.12% in after-hours trading, according to <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0717">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings indicate that MSFT continues to demonstrate strong momentum over the short, medium and long term. However, despite its robust momentum, the stock&#8217;s value rating remains comparatively low. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More performance insights can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23232642/Screenshot-2025-07-24-at-8.40.48%E2%80%AFAM.png" alt="" class="wp-image-998186" /></a></figure>
Photo courtesy: Tada Images / Shutterstock.coma
Read More:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46050532/mark-zuckerbergs-maga-pivot-driven-by-elon-musk-envy-image-goals-say-betrayed-meta-insiders-report" target="_blank" rel="noreferrer noopener">Mark Zuckerberg's MAGA Pivot Driven By Elon Musk Envy, Image Goals, Say ‘Betrayed' Meta Insiders: Report</a></li>
</ul>

News

MSFT

Microsoft Breach Widens Sixfold In Days—NIH, South Africa's Treasury Among 400 Hit: Chinese State Hackers Reportedly To Blame

Opendoor Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NASDAQ">OPEN</a>) surged 6.55% in after-hours trading on Wednesday, following a nosedive earlier in the day. Here&#8217;s all <a href="https://www.benzinga.com/quote/GPRO">you need to know</a>.
Check out<a href="https://www.benzinga.com/quote/OPEN"> how OPEN stock is trading</a>
What Happened: Opendoor&#8217;s stock, which had been on a bull run, dropped by <a href="https://www.google.com/finance/quote/OPEN:NASDAQ?sa=X&amp;ved=2ahUKEwjEpKLlt9SOAxV5XGwGHd7_H3kQ3ecFegQIPRAb">20.49% to $2.29</a> in the regular trading session, but after a 6.55% rebound later in the after-hours session, the stock is valued at $2.44. The swing is driven by retail investor hype and viral buzz across and <a href="https://www.benzinga.com/markets/small-cap/25/07/46459498/opendoor-is-the-next-carvana-stock-surges-43-on-activist-investors-take-on-company-ill-saddle-up">notable backing</a> from Eric Jackson, founder of EMJ Capital.
The stock of the Arizona-based digital real estate company had been on a remarkable rally, gaining over 75% in the past week, driven by retail investor interest and social media hype.
See Also: <a href="https://benzinga.com/markets/market-summary/25/07/46563227/trump-trade-deal-with-japan-sends-toyota-mazda-stock-soaring-nikkei-rises-sharply">Trump Trade Deal With Japan Sends Toyota, Mazda Stock Soaring, Nikkei Rises Sharply</a>
Why It Matters: The sudden drop in Opendoor&#8217;s stock price during the regular session comes amid a broader trend of meme stock volatility. Earlier this week, <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46576039/krispy-kreme-enters-meme-stock-frenzy-with-hot-glazed-hype">Krispy Kreme</a> joined the meme stock frenzy, with its stock soaring by 34.4% in premarket trading on Wednesday.
The rollercoaster ride of Opendoor&#8217;s stock has been a subject of much discussion. The stock had experienced a <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46547846/opendoor-investor-who-ignited-500-rally-gives-you-his-100-bagger-playbook">breathtaking drop</a> on Monday, only to climb again on Tuesday. The stock was also <a href="https://www.benzinga.com/trading-ideas/25/07/46546379/opendoor-technologies-shares-halted-on-circuit-breaker-to-the-upside-stock-now-up-14-6">halted on a circuit breaker</a> to the upside, after a 14.6% increase, and then resumed trading.
Despite the recent volatility, Opendoor&#8217;s stock had been on a strong upward trajectory, with a <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46544461/meme-stock-traders-pounce-on-familiar-targets-as-opendoor-technologies-stock-continues-to-rip">gain of over 480%</a> in the past month, largely driven by retail traders.
&nbsp;Price Action: After a dip of 20.49% Opendoor stock closed at $2.29 during <a href="https://www.benzinga.com/quote/OPEN">regular trading hours</a> on July 23.
With a strong Momentum in the 92nd percentile, Benzinga&#8217;s Edge Stock Rankings indicate that OPEN has a Value score of 73.19. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Know how</a> its momentum lines up with well-known names like Ross Stores Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) and Zillow Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</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 loading="lazy" decoding="async" width="853" height="145" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23231855/Screenshot-2025-07-24-084836.png" alt="" class="wp-image-998181" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23231855/Screenshot-2025-07-24-084836.png 853w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23231855/Screenshot-2025-07-24-084836-300x51.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23231855/Screenshot-2025-07-24-084836-768x131.png 768w" sizes="(max-width: 853px) 100vw, 853px" /></a></figure>
Read Next: <a href="https://benzinga.com/markets/commodities/25/07/46552248/peter-schiff-says-golds-about-to-explode-and-bitcoin-will-foot-the-bill">Peter Schiff Says Gold&#8217;s About To Explode—And Bitcoin Will Foot The Bill</a>
Photo Courtesy: Around the World Photos from Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.Photo:

Equities

Markets

OPEN

ROST

Opendoor Stock Surges 6.55% After Hours Amid Meme Mania

Leading cryptocurrencies diverged from stocks on Wednesday as investors parsed tariff-related developments ahead of the Aug. 1 deadline.
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<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 10:25 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>-0.32%</td>
<td>$118,916.47</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>-2.71%</td>
<td>$3,642.88</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>-8.69%</td>
<td>$0.2436</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Overnight, Bitcoin's price rebounded from its intraday low of $117,391.39 to near $119,000. Trading activity dropped, with volumes down by more than 13% in the last 24 hours.&nbsp;
Ethereum followed a similar trajectory, rising from $3,532 to more than $3,600 overnight.
Cryptocurrency liquidations reached $735 million in the last 24 hours, with long-position traders facing the brunt of the losses. A rally to $121,000, however, could erase over $580 million in Bitcoin shorts.
Bitcoin's open interest fell 2.19% in the last 24 hours to $84.26 billion. Interestingly, over 50% of Binance traders with open BTC positions were betting on further declines, according to the Long/Short ratio. 
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 10:25 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Story (IP)</td>
<td>+6.21%</td>
<td>$5.34</td>
</tr>
<tr>
<td>KuCoin Token (KCS)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+0.77%</td>
<td>$12.14</td>
</tr>
<tr>
<td>Conflux (CFX)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+0.55%</td>
<td>$0.1701 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.95 trillion, following a modest jump of 0.78% from the previous day.
Stocks notched higher in Wednesday's trading. The Dow Jones Industrial Average climbed 507.85 points, or 1.14%, ending at 45,010.29. The S&amp;P 500 lifted 0.78% to end at a new record close of 6,358.91. The tech-heavy Nasdaq Composite spiked 0.61% to end at 21,020.02.
Tariff-related developments were high on investors' radar. A report indicated that the <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46581998/stellantis-shares-surge-on-u-s-eu-tariff-deal-prospects-whats-going-on">U.S. and the EU are nearing an agreement</a> on a new trade deal before the Aug. 1 deadline.&nbsp;
Earlier in the week, President Donald Trump <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46581558/trump-just-announced-a-trade-deal-with-japan-why-this-automotive-stock-is-rallying">finalized</a> a long-anticipated trade agreement with Japan.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: On-chain analytics firm Santiment noted a significant drop in retail Bitcoin sentiment following its recent highs.
"The dust has settled from the July 14th $123,077 all-time high, and traders have shown signs of doubt," Santiment added. "If this trend continues, it could lead to another quick ATH."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f92b; Bitcoin retail has been quiet, with few calls for higher price levels. The dust has settled from the July 14th $123,077 all-time high, and traders have shown signs of doubt. &#x1f517; If this trend continues, it could lead to another quick ath. Track it here: <a href="https://t.co/y6cJO1fAo9">https://t.co/y6cJO1fAo9</a> <a href="https://t.co/CIHE9E5XHO">pic.twitter.com/CIHE9E5XHO</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1948050309311598665?ref_src=twsrc%5Etfw">July 23, 2025</a></blockquote>
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Investor and entrepreneur Ted Pillows said that Ethereum is yet to enter the "banana zone" and anticipated a sideways accumulation before it breaks above $4,100.
"Once that happens, you&#8217;ll see the most violent rally," Pillows projected.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> is yet to enter the banana zone. &#x1f680; Right now, it&#39;s going through a correction after pulling a 70% rally. I think there&#39;ll be some sideways accumulation before ETH breaks above $4,100. Once that happens, you&#39;ll see the most violent rally. <a href="https://t.co/6h01P1qGKz">pic.twitter.com/6h01P1qGKz</a>
&mdash; Ted (@TedPillows) <a href="https://twitter.com/TedPillows/status/1948030945019506974?ref_src=twsrc%5Etfw">July 23, 2025</a></blockquote>
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Photo Courtesy: PeopleImages.com &#8211; Yuri A on Shutterstock.com
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
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<li><a href="https://editorial.benzinga.com/wp-admin/edit.php?post_type=post">How Trump&#8217;s GENIUS Act Could Supercharge Tether&#8217;s USDT</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$DOGE

$ETH

Bitcoin Consolidates Amid Trump's Tariff Moves; Ethereum, Dogecoin Fall: Analyst Foresees 'Violent' ETH Rally Once It Breaks This Level

Leading analysts react to Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) second-quarter earnings call, flagging a range of concerns regarding the company and its current direction.
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/TSLA" target="_blank" rel="noreferrer noopener">TSLA stock here.</a>
What Happened: On Wednesday, soon after the call, Gene Munster, a managing partner at Deepwater Asset Management, posted on X, noting that the stock was &#8220;down almost 4.3%, compared to flat at the start of the call.&#8221; Munster adds that &#8220;There was no single trigger for the sell-off. It was a steady decline throughout the call.&#8221;
Munster highlighted several red flags in the call, starting with the absence of &#8220;clear metrics about what to expect this quarter from Austin,&#8221; referring to the company&#8217;s robotaxis that were rolled out in the city.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46592191/elon-musks-tesla-sits-on-284-million-bitcoin-windfall-in-q2-refuses-to-cash-out">Elon Musk&#8217;s Tesla Sits On $284 Million Bitcoin Windfall In Q2, Refuses to Cash Out</a>
He further expressed concerns that Tesla would need to &#8220;fund autonomy from the balance sheet until it reaches scale,&#8221; which he said &#8220;raise[s] questions about what profits will look like over the next year.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">TSLA call just ended. The stock is now down almost 4.3 %, compared to flat at the start of the call. There was no single trigger for the sell off. It was a steady decline throughout the call. Some factors that may have played a part: 1. No clear metrics about what to expect…
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1948150998742032475?ref_src=twsrc%5Etfw">July 23, 2025</a></blockquote>
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Investor and podcaster Amit Kukreja posted on X, saying that the call confirmed that &#8220;the affordable model is a smaller model Y,&#8221; fueling concerns of cannibalization.
He also highlights CEO Elon Musk&#8217;s warnings of hiccups for the next four quarters, &#8220;before material unit economic changes from robotaxi.&#8221;
&#8220;If you're a bull, there is nothing that new, if you are a bear, you probably continue to be bearish," he says, calling Tesla &#8220;rangebound until meaningful earnings growth.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">so… what did everyone think about the <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> call &#x1f976; &#8211; back to prices from last week, down 5% &#8211; elon confirmed the affordable model is a smaller model Y &#8211; optimus 1M/year target now is 2030 &#8211; said that next 4 quarters will have hiccups before material unit economic changes from… <a href="https://t.co/cnC0Sr2OH7">pic.twitter.com/cnC0Sr2OH7</a>
&mdash; amit (@amitisinvesting) <a href="https://twitter.com/amitisinvesting/status/1948166112836726788?ref_src=twsrc%5Etfw">July 23, 2025</a></blockquote>
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The Editor-in-Chief of Electrek, Fred Lambert, however, had a rather blunt critique of the call. &#8220;What a shit show of a $TSLA call,&#8221; he says, adding that he is &#8220;pretty sure&#8221; that there was &#8220;a lie per minute.&#8221;
He also warned that Musk gave &#8220;a ton of ammunition&#8221; to the lawyers and shareholders who are currently suing him for breach of fiduciary duty &#8220;in the xAI/Tesla case,&#8221; he says.
Lambert also says that the company&#8217;s much-touted autonomous taxi business &#8220;will not be a giant profit center,&#8221; and that scaling in this space would be expensive, with fierce competition.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">What a shit show of a <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> call. I&#39;m pretty sure there was a lie per minute. Elon also gave a ton of ammunition to the lawyers of the shareholders suing him for breach of fiduciary duty in the xAI/Tesla case. The next few quarters are going to be hard with or without Elon.…
&mdash; Fred Lambert (@FredericLambert) <a href="https://twitter.com/FredericLambert/status/1948149231073526066?ref_src=twsrc%5Etfw">July 23, 2025</a></blockquote>
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Why It Matters: Tesla released its <a href="https://www.benzinga.com/markets/earnings/25/07/46587882/tesla-q2-earnings-highlights-revenue-and-earnings-fall-short-new-models-still-set-for-2025-2026">second-quarter results</a> on Wednesday, reporting $22.5 billion in revenue, down 12% year-over-year, and missing consensus estimates at $22.8 billion. The company reported a profit of $0.40 per share, again missing Street estimates at $0.42. 
Price Action: The company&#8217;s shares were up 0.14% on Wednesday, trading at $332.56, but are down 4.44% after hours, following the earnings call.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="759" height="110" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23222247/Screenshot-2025-07-24-at-11.21.42.png" alt="" class="wp-image-998147" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23222247/Screenshot-2025-07-24-at-11.21.42.png 759w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23222247/Screenshot-2025-07-24-at-11.21.42-300x43.png 300w" sizes="(max-width: 759px) 100vw, 759px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Tesla shares score well on Growth, but lag on other fronts. They have a favorable price trend in the short, medium and long terms. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock. 
Photo Courtesy: Josiah True on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46572391/elon-musks-tesla-recorded-one-crash-every-6-69-million-miles-driven-ev-maker-says-ahead-of-q2-earnings">Elon Musk&#8217;s Tesla Recorded &#8216;One Crash&#8217; Every 6.69 Million Miles Driven, EV Maker Says Ahead Of Q2 Earnings</a></li>
</ul>

Earnings

Large Cap

Tech

TSLA

Tesla Stock Drops After-Hours, Analysts Lament Lack Of 'Clear Metrics,' Balance Sheet Pressure And Legal Risks: Elon Musk Gave 'Ton Of Ammunition' To Lawyers Suing Him

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>) may have delivered a <a href="https://www.benzinga.com/markets/earnings/25/07/46587283/alphabet-q2-earnings-revenue-eps-beat-estimates-google-parent-raises-capex-outlook-due-to-strong-and-growing-cloud-demand">blowout second quarter</a>, but longtime tech analyst Gene Munster says its future still hinges on how it navigates the AI revolution.
What Happened: On Wednesday, Munster, managing partner at Deepwater Asset Management, took to X, formerly Twitter, following the earnings call.
"GOOG call is wrapped up. Message from management: Search is rock solid, and AI is working with new revenue opportunities down the road," he wrote.
Munster, who had been bearish on Google stock over concerns that AI could disrupt its dominance, added, "That risk is still on the table, but Search was so strong that investors will likely come back to the stock over the next few months."
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45827474/google-co-founder-larry-page-predicted-a-machine-that-would-understand-everything-on-the-web-has-that-25-year-old-pipe-dream-finally-turned-into-reality">Google Co-Founder Larry Page Predicted A Machine That Would &#8216;Understand Everything On The Web,&#8217; Has That 25-Year Old Pipe Dream Finally Turned Into Reality?</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">GOOG call is wrapped up. Message from management: Search is rock solid, and AI is working with new revenue opportunities down the road. My take: I've been negative on GOOG over the past six months because of the long-term AI shift. That risk is still on the table, but Search was…
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1948133933628940697?ref_src=twsrc%5Etfw">July 23, 2025</a></blockquote>
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</figure>
Why It's Important: Alphabet reported second-quarter revenue of $96.43 billion and earnings of $2.31 per share, <a href="https://www.benzinga.com/earnings">beating analyst expectations</a> of $93.72 billion and $2.16, respectively.
Google Search brought in $54.19 billion in revenue, up from $48.51 billion year-over-year.
In April, during the tech giant's <a href="https://www.benzinga.com/25/04/44999838/can-google-adapt-like-amazon-or-will-it-face-ebays-fate-gene-munsters-candid-take-on-the-search-giants-path-forward-in-the-age-of-ai">first-quarter earnings</a>, Munster compared Google's crossroads to eBay's failure to adapt, warning that if the search giant doesn't evolve its results page and business model fast enough, it could face long-term stagnation—even amid short-term success.
Later in May, Munster warned that <a href="https://www.benzinga.com/25/05/45311557/gene-munster-warns-googles-search-grip-is-slipping-as-chatgpt-alters-user-behavior-doj-turns-up-the-heat">Alphabet's dominance in search</a> is under threat due to an antitrust lawsuit and the rapid rise of generative AI, particularly OpenAI's ChatGPT.
He likened Google&#8217;s situation to Redbox's slow disruption and eventual decline, stressing that Google must quickly adapt and build a product users want while still being able to monetize it effectively.
Price Action: In after-hours trading, Alphabet Inc.&#8217;s Class A shares climbed 1.82% to $193.70, while Class C shares advanced 1.72% to $194.80, per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings indicate that GOOG continues to show strong upward momentum over the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">More detailed performance metrics are 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/2025/07/23215735/Screenshot-2025-07-24-at-7.26.05%E2%80%AFAM.png" alt="" class="wp-image-998135" /></a></figure>
Read next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/media/25/05/45687166/apple-may-see-fewer-searches-in-safari-but-google-ceo-sundar-pichai-insists-ai-is-fueling-overall-query-growth-far-from-a-zero-sum-game" target="_blank" rel="noreferrer noopener">Apple May See Fewer Searches In Safari, But Google CEO Sundar Pichai Insists AI Is Fueling Overall Query Growth: ‘Far From A Zero-Sum Game'</a></li>
</ul>
Photo Courtesy: JHVEPhoto on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

GOOG

GOOGL

Gene Munster Says AI Risk Is 'Still On The Table' For Google Despite Blowout Q2 Earnings, But Admits Search Was 'Strong' For Alphabet: 'Investors Will Likely Come Back'

Electric vehicle behemoth Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) reported Wednesday unrealized gains of over $280 million on its cryptocurrency holdings in the second quarter, thanks to a 30% jump in Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) price.
What Happened: Tesla&#8217;s balance sheet showed $1.235 billion in digital assets, up nearly 30% from the last quarter, according to the company&#8217;s earnings report released after the closing bell.
This resulted in gains of $284 million on its cryptocurrency investments, a marked turnaround from the <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44940871/elon-musk-led-tesla-reports-125-million-in-unrealized-losses-on-bitcoin-after-top-crypto-d">$125 million losses</a> it suffered in the previous quarter.
The Elon Musk-led tech titan does not publish a breakdown of its cryptocurrency holdings. However, on-chain analytics firm Arkham Intelligence <a href="https://intel.arkm.com/explorer/entity/tesla">reports</a> that the entirety of their stockpile is made up of Bitcoin, worth almost $1.370 billion at the time of writing. Its hoard of 11,509 BTC remained unchanged from the last quarter.
Bitcoin closed the second quarter up approximately 30%, reversing the declines from the first quarter.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46149584/why-crypto-investors-are-receiving-internal-revenue-service-warning-letters">Why Crypto Investors Are Receiving Internal Revenue Service Warning Letters</a>
Why It Matters: Tesla's Bitcoin journey began in January 2021, when it first acquired $1.5 billion worth of the leading cryptocurrency.&nbsp;
The firm <a href="https://www.benzinga.com/markets/cryptocurrency/21/04/20806183/tesla-says-will-continue-to-accumulate-bitcoin-believes-in-long-term-value-of-the-crypto">previously accepted Bitcoin as a payment option</a> for vehicles before ending the practice due to concerns about the energy consumption used in Bitcoin mining.
Earlier this week, on-chain sleuths <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46563036/elon-musks-spacex-moves-its-bitcoin-for-first-time-in-3-years-analytics-firm-notes-over-150-million-worth-of-coins-moved-to-fresh-address">detected a $150 million Bitcoin</a> transfer from a wallet tied to Musk's space technology company SpaceX after more than three years.
Meanwhile, the company reported a <a href="https://www.benzinga.com/news/earnings/25/04/44937440/tesla-q1-misses-estimates-as-tariff-pressures-weigh-on-outlook-lower-cost-evs-still-on-track">revenue and earnings drop</a> in the second quarter, both of which missed analysts' expectations.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $119,062, down 0.41% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Shares of Tesla dipped 4.41%in after-hours trading after closing up 0.14% at $332.56&nbsp;during Wednesday&#8217;s regular trading session.&nbsp;
TSLA recorded a high Growth score as of this writing. Want to see how it compares to other &#8220;Mag 7&#8221; stocks? Go to <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.&nbsp;
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="443" height="202" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23213121/image-346.png" alt="" class="wp-image-998111" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23213121/image-346.png 443w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23213121/image-346-300x137.png 300w" sizes="(max-width: 443px) 100vw, 443px" /></a></figure>
Photo Courtesy: Ink Drop on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46360502/raoul-pal-says-no-one-realizes-insane-incoming-demand-for-blockspace-predicts-crypto-will-become-100-trillion-asset-within-a-decade-as-bitcoin-smashes-118000">Raoul Pal Says No One Realizes &#8216;Insane&#8217; Incoming Demand For Blockspace, Predicts Crypto Will Become $100 Trillion Asset Within A Decade As Bitcoin Smashes $118,000</a></li>
</ul>

Elon Musk's Tesla Sits On $284 Million Bitcoin Windfall In Q2, Refuses to Cash Out

The U.S. stock market witnessed a positive session today, with the Dow Jones index climbing over 500 points, or 1.1% to 45,010.29. The NASDAQ saw a rise of 0.6% to 21,020.02, while the S&amp;P 500 increased by almost 0.8% to 6,358.91.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock edged up by 0.14% to close at $332.56, after hitting an intraday high of $336.20 and a low of $328.67. The stock&#8217;s 52-week range is between $182 and $488.54. The Elon Musk-led company reported <a href="https://www.benzinga.com/markets/earnings/25/07/46587882/tesla-q2-earnings-highlights-revenue-and-earnings-fall-short-new-models-still-set-for-2025-2026">second-quarter revenue</a> of $22.5 billion, falling short of the consensus estimate of $22.8 billion, marking a 12% decline year-over-year. The company&#8217;s automotive revenue declined by 16% year-over-year.
Alphabet Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)
Alphabet&#8217;s Class C shares decreased by 0.31%, closing at $191.51, with a high of $193.36 and a low of $190.18. The stock&#8217;s 52-week range is $142.66 to $208.70. The Google parent <a href="https://www.benzinga.com/markets/earnings/25/07/46587283/alphabet-q2-earnings-revenue-eps-beat-estimates-google-parent-raises-capex-outlook-due-to-strong-and-growing-cloud-demand">surpassed analyst</a> expectations with second-quarter revenue of $96.43 billion and earnings of $2.31 per share, driven by strong cloud demand.
Chipotle Mexican Grill Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>)
Chipotle&#8217;s stock rose by 0.76% to $52.78, reaching a high of $53.03 and a low of $52.16. Its 52-week range is $44.46 to $66.74. The stock fell 9.8% in the after-hours session. Chipotle reported <a href="https://www.benzinga.com/markets/earnings/25/07/46588301/chipotle-q2-earnings-revenue-miss-eps-in-line-2025-comparable-sales-now-expected-to-be-about-flat-shares-tumble">second-quarter revenue</a> of $3.06 billion, missing analyst estimates of $3.11 billion, and adjusted earnings of 33 cents per share, aligning with expectations.
International Business Machines Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>)
IBM&#8217;s shares saw a slight increase of 0.02% to $282.01, with an intraday high of $288.08 and a low of $281.44. The 52-week range is $181.81 to $296.16. The shares slid 5.2% in the after-hours session. IBM posted <a href="https://www.benzinga.com/markets/earnings/25/07/46587952/ibm-shares-slide-after-q2-results-eps-beat-revenues-beat">quarterly earnings</a> of $2.80 per share, surpassing the consensus estimate, with revenue also beating expectations at $16.977 billion.
NVIDIA Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
Nvidia&#8217;s stock surged by 2.25% to close at $170.78, with a high of $171.26 and a low of $167.97. Its 52-week range is $86.63 to $174.24. Elon Musk&#8217;s AI startup, xAI, <a href="https://www.benzinga.com/markets/tech/25/07/46571093/elon-musk-wants-50-million-ai-brains-nvidia-still-sets-the-standard">aims to utilize</a> Nvidia&#8217;s H100 GPUs, which are the industry standard for AI compute, highlighting Nvidia&#8217;s prominent role in the AI sector.
Benzinga's Edge Stock Rankings show Tesla has a Momentum in the 59th percentile and Value in the 10th percentile. Find out <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">how this stock ranks</a> on other metrics.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="448" height="282" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23210507/Screenshot-2025-07-24-at-10.04.54.png" alt="" class="wp-image-998100" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23210507/Screenshot-2025-07-24-at-10.04.54.png 448w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/23210507/Screenshot-2025-07-24-at-10.04.54-300x189.png 300w" sizes="(max-width: 448px) 100vw, 448px" /></a></figure>
Photo Courtesy: Mizkit on Shutterstock.com
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Read Next: 
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<li><a href="https://benzinga.com/markets/earnings/25/07/46565953/lockheed-martin-confirms-talks-with-us-over-trumps-175-billion-golden-dome-missile-shield-ceo-ja" target="_blank" rel="noreferrer noopener">Lockheed Martin Confirms Talks With US Over Trump&#8217;s $175 Billion &#8216;Golden Dome&#8217; Missile Shield — CEO James Taiclet Says No Contracts Yet, LMT Is &#8216;All In&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

NVDA

Tesla, Alphabet, Chipotle, IBM, And Nvidia: Why These 5 Stocks Are On Investors' Radars Today

Nutex Health Inc. ("Nutex Health" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUTX#NASDAQ">NUTX</a>), a physician-led, integrated healthcare delivery system comprised of 24 state-of-the-art micro hospitals and hospital outpatient departments (HOPDs) in 11 states and primary care-centric, risk-bearing physician networks, today provided the following response to a misleading short attack.
The Company is aware of the allegations made in a recent short seller report that attempts to call into question the Company's collection process. As previously disclosed, Nutex Health has developed a robust internal process to code, bill and, if necessary after a federally mandated negotiation period, submit eligible medical claims to independent dispute resolution.
The Company strongly disagrees with the allegations in the report and believes it is without merit. Further, the Company believes the report contains misrepresentations and conveys a misunderstanding of Nutex Health's business.&nbsp;

Short Sellers

Trading Ideas

NUTX

Nutex Health Responds To Short Seller Allegations, Says 'Strongly Disagrees With The Allegations In The Report And Believes It Is Without Merit; Believes The Report Contains Misrepresentations And Conveys A Misunderstanding Of Nutex Health's Business"

Orla Mining Ltd. (TSX:<a class="ticker" href="https://www.benzinga.com/stock/OLA#TSX">OLA</a>, NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORLA#NYSE">ORLA</a>) ("Orla" or the "Company") reports that an uncontrolled material movement event occurred today on the pit wall at its Camino Rojo Oxide Mine in Zacatecas, Mexico.
The event occurred along the temporary north wall of the open pit, which included ore material expected to be mined as part of the ultimate open pit. There were no injuries or equipment damage as a result of the material movement, which was detected early by the pit monitoring systems. The event was caused by significant rain. There was no environmental damage resulting from the incident; however, rainwater diversion channels will need to be re-established to prevent further material subsidence in the pit.
While the main access throughout the pit was not affected, mining in the pit has been temporarily suspended. Pit access has been restricted to the necessary technical and operating personnel to support the appropriate geotechnical assessments required for safe remediation and resumption of mining activities. Crushing and stacking of stockpiled material onto the heap leach will continue in the interim. The Company is currently assessing any potential impact of the pit wall event on its full-year production guidance for Camino Rojo.
The relevant authorities are being notified as appropriate, and Orla is implementing appropriate remediation measures. The safety of all personnel remains the Company's top priority as it undertakes a comprehensive analysis to ensure the ongoing stability of mining operations.&nbsp;

ORLA

TSX:OLA

Orla Mining Temporarily Halts Pit Operations At Camino Rojo Mine After Rain-Induced Wall Collapse; No Injuries Or Equipment Damage Reported

<a href="https://www.globenewswire.com/Tracker?data=pKrRIkPO0PxRRz3oNtnq-Vnrfg_s0dqOOnx97WZeueGatXY44FOdFbi7zDhd5a5w81glJuYCecRvC7PVcutlHxkoiisda2kv2PfzNysaTAM=">Palisade Bio, Inc.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PALI#NASDAQ">PALI</a>) ("Palisade" or the "Company"), a clinical-stage biopharmaceutical company focused on developing and advancing novel therapeutics for patients living with autoimmune, inflammatory, and fibrotic diseases, today announced an agreement between the Company and several accredited investors to exercise certain existing warrants (the "Existing Warrants") to purchase up to an aggregate of 4,318,905 shares of common stock. The Existing Warrants had adjusted exercise prices of $1.40 and were issued by the Company on May 10, 2022; February 1, 2024; May 6, 2024; and December 13, 2024, with each exercise occurring at a reduced exercise price of $0.9047 per share.
Ladenburg Thalmann&nbsp;&amp; Co. Inc. acted as the exclusive placement agent for this transaction.
The shares of common stock issuable upon exercise of the Existing Warrants are registered pursuant to registration statements which were filed and declared effective by the Securities and Exchange Commission (the "SEC"). The gross proceeds to the Company from the exercise of the Existing Warrants are expected to be approximately $3.9 million prior to deducting placement agent fees and estimated offering expenses.
In consideration for the immediate exercise of the Existing Warrants for cash, the exercising holders will receive new unregistered warrants (the "Replacement Warrants") to purchase shares of common stock in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the "1933 Act"). The Replacement Warrants will be exercisable, beginning on the effective date of stockholder approval, into an aggregate of up to 8,637,810 shares of common stock, at an exercise price of $0.9047 per share, and a term of exercise equal to five years from the date of shareholder approval.
The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

Offerings

PALI

Palisade Bio Raises $3.9M Through Exercise Of 4.3M Warrants At $0.9047/Share; Issues 8.6M New Warrants At Same Price

Sonder Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOND#NASDAQ">SOND</a>) reported quarterly earnings of $4.55 per share. This is a 144.61 percent increase over losses of $(10.20) per share from the same period last year. The company reported $161.078 million in sales this quarter. This is a 1.94 percent decrease over sales of $164.264 million the same period last year.

SOND

Sonder Holdings Q4 EPS $4.55 Up From $(10.20) YoY, Sales $161.078M Down From $164.264M YoY

McGraw Hill, Inc. ("McGraw Hill"), a leading global provider of information solutions for education, today announced the pricing of its initial public offering of 24,390,000 shares of its common stock (the "Common Stock") at a public offering price of $17.00 per share. The shares of McGraw Hill's Common Stock are expected to begin trading on the New York Stock Exchange under the ticker symbol "MH" on July 24, 2025, and the offering is expected to close on July 25, 2025, subject to customary closing conditions. McGraw Hill will receive proceeds of approximately $385,697,545 million after deducting underwriting discount and commissions and estimated offering expenses and intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its term loan credit facility.
In addition, the selling stockholder identified in the registration statement has granted the underwriters a 30-day option to purchase up to an additional 3,658,500 shares (solely to cover over-allotments, if any) of McGraw Hill's Common Stock at the initial public offering price, less underwriting discounts and commissions. McGraw Hill will not receive any proceeds from the sale of shares by the selling stockholder if the underwriters exercise their option to purchase additional shares of Common Stock.

IPOs

McGraw Hill Announces Pricing Of $385,697,545 Initial Public Offering Of 24.39M Shares Of Common Stock At A Price Of $17/Share

Four Corners Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCPT#NYSE">FCPT</a>), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of an Ethos Veterinary Health property for $3.7 million. Ethos Veterinary Health is a network of over 140 specialty and emergency veterinary hospitals across North America. The property is located in a strong retail corridor in New York and is corporate-operated under a triple net lease with approximately five years of term remaining. The transaction was priced at a 7.5% cap rate on rent as of the closing date and exclusive of transaction costs.

FCPT

FCPT Acquires Ethos Veterinary Property In New York For $3.7M

Northfield Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFBK#NASDAQ">NFBK</a>) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.22 by 10.6 percent. This is a 71.43 percent increase over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $34.396 million which beat the analyst consensus estimate of $33.165 million by 3.71 percent. This is a 19.90 percent increase over sales of $28.687 million the same period last year.

Earnings Beats

NFBK

Northfield Bancorp Q2 EPS $0.24 Beats $0.22 Estimate, Sales $34.396M Beat $33.165M Estimate

TORONTO, July 23, 2025 /PRNewswire/ - Franco-Nevada Corporation ("Franco-Nevada" or the "Company") (TSX:<a class="ticker" href="https://www.benzinga.com/stock/FNV#TSX">FNV</a>) &amp; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) is pleased to announce that its wholly-owned subsidiary has acquired an existing 1.0% net smelter return royalty (the "Royalty") on AngloGold Ashanti plc's ("AngloGold") Arthur Gold Project (previously the Expanded Silicon Project) from Altius Minerals Corporation ("Altius") for $250 million in cash, plus a contingent cash payment of $25 million payable subject to the achievement of certain conditions as described below. The Arthur Gold Project is one of the largest and fastest growing new gold discoveries in the United States. The ongoing drill program expanded the resource by 20% year over year, taking the most recently stated gold Mineral Resource base to 3.4 million ounces of Indicated Mineral Resources and 12.9 million ounces of Inferred Mineral Resources.
"We are pleased to acquire this existing Royalty on the Arthur Gold Project, which is one of the most exciting new gold discoveries in Nevada," said Paul Brink, President &amp; CEO of Franco-Nevada. "AngloGold, a tier-1 operator, has been rapidly growing the resource base at Arthur since its initial discovery in 2018. This acquisition will further add to our portfolio of Nevada royalties, and we look forward to the long-term growth potential of the asset and the overall district as AngloGold continues to advance the project."
Transaction Highlights
<ul>
<li>Royalty on a Tier-1 gold asset in Nevada: The Royalty applies to a substantial land package in the Beatty District of Nevada covering the vast majority of the existing Mineral Resource of the Arthur Gold Project (including both Merlin and Silicon deposits) within a base area of interest with no step-downs or buydown provisions, providing the potential for decades of stable gold cash flow once in production. The ongoing arbitration will determine the extent of the expanded royalty footprint, which is expected to expand by several multiples upon the area encompassed by the base area of interest to include substantially all of the existing Mineral Resource of the Arthur Gold Project and providing further exposure to the large and highly prospective land package1.</li>
<li>Extensive Mineral Endowment with Exploration Potential:&nbsp;The Arthur Gold Project has a large and rapidly growing Mineral Resource base across the Merlin and Silicon deposits for a total of 3.4 Moz of gold Indicated Mineral Resources (122 Mt at 0.87 g/t Au) and 12.9 Moz of gold Inferred Mineral Resources (391 Mt at 1.03 g/t Au). The project is one of Nevada's most exciting new discoveries with Mineral Resources having grown rapidly since first discovery in 2018 and the maiden Resource estimate in 2021. AngloGold has completed 430 km of drilling as of year-end 2024, inclusive of 132 km of drilling completed in 2024 with two reverse circulation and seven diamond core rigs.</li>
<li>Project Advancing Under Strong Operator:&nbsp;AngloGold is currently focused on advancing a PFS for the project with expected completion by the end of 2025 or early 2026. The Arthur Gold Project is envisioned as a large oxide project with both heap leach and milling operations. The project is a Tier-1 opportunity for AngloGold. In addition to completing a PFS, key priorities for AngloGold in 2025 include advancing further infill drilling, a potential upgrade in resources to reserves, and executing strategic land and water rights acquisitions.</li>
</ul>
Key Transaction Terms
<ul>
<li>Franco-Nevada has acquired the 1.0%&nbsp;NSR royalty from Altius for $250 million, with a further $25 million in cash payable dependent upon the final award outcome of an ongoing arbitration process between Altius and AngloGold that confirms that the full extent of the royalty beyond the base area of interest is substantially consistent with that of Altius' interpretation of a partial award of the arbitration tribunal that it reported on earlier this year.</li>
<li>The transaction was structured as an asset sale and Franco-Nevada will deplete the full purchase price on a units of production basis for tax depletion purposes.</li>
<li>Funding of the transaction was completed with cash on hand, and a $175 million draw from the Company's $1 billion corporate credit facility.</li>
<li>Altius holds the remaining 0.5% NSR royalty, with respect to which Franco-Nevada has been granted certain pre-emptive rights on a sale by Altius.</li>
</ul>

TSX:FNV

Franco-Nevada Acquires 1% Royalty On AngloGold's Arthur Gold Project In Nevada For $250M

A woman named Nicole recently called into &#8220;<a href="https://www.youtube.com/watch?v=Uu_vuNYAUN8">The Ramsey Show</a>&#8221; with hosts George Kamel and Ken Coleman, and her story raised a lot of eyebrows.&nbsp;
Nicole and her husband live in New York City and earn a combined household income of about $350,000 a year. Despite that, she admitted they are <a href="https://www.benzinga.com/personal-finance/financial-advisors/25/05/45166652/dave-ramsey-tells-couple-with-300000-income-they-are-broke-people-refuses-to-help-heres-why">living paycheck to paycheck</a> and somehow racked up $55,000 in credit card debt.
&#8220;I really didn&#8217;t have any credit card debt,&#8221; she said. &#8220;Then as soon as I started working, I started spending and now we&#8217;re about $55,000 in credit card debt and I don&#8217;t know how to get out of it.&#8221;
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<h2 class="wp-block-heading">High Income, Higher Spending</h2>
Nicole is a registered nurse and her husband is a firefighter. She brings in about $100,000, and he earns between $230,000 and $250,000 depending on overtime. But when Kamel asked her what caused her to feel like $350,000 wasn&#8217;t enough, Nicole didn't have a clear answer.
&#8220;Every month we&#8217;re just down to like 50 cents left in our account,&#8221; she said.&nbsp;
That didn&#8217;t sit well with the hosts. &#8220;Where is $30,000 going every month, even in New York City? I mean, even Congress would have a hard time spending all this money,&#8221; Kamel said.
Nicole said they own their home and listed basic expenses like groceries, household bills and mortgage payments. Their mortgage is $3,000. She estimated household expenses are around $7,000 monthly, and they pay $2,000 in credit card minimums.
Then there&#8217;s her husband&#8217;s job. Nicole explained that he pays about $1,000 a month just to work, between gas and &#8220;house tax,&#8221; a shared expense at the firehouse to cover meals and supplies. That stunned the hosts.
Trending: This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — <a href="https://www.benzinga.com/money/finally-a-fully-automated-trading-platform-for-individual-investors?">You Can Become an Investor for Just $500.25</a>
&#8220;What kind of job costs you $1,000 a month to work there?&#8221; Kamel asked.&nbsp; &#8220;It&#8217;s not a fraternity that he signed up for. It&#8217;s a job.&#8221;
She also has $30,000 in student loans and a $27,000 car loan, pushing their total debt over $110,000. Despite all of this, Nicole said, &#8220;Both of us, we don&#8217;t shop. We just do basics. We&#8217;re just living basically.&#8221;
&#8220;I don&#8217;t know anyone who lives basically making $350,000 who still goes $60,000 into credit card debt,&#8221; Kamel said. &#8220;I just don&#8217;t believe that.&#8221;
<h2 class="wp-block-heading">A Way Out</h2>
The hosts emphasized that the problem isn't income, it's lack of control. They walked Nicole through the importance of making a strict, <a href="https://www.benzinga.com/money/how-to-create-a-budget">written monthly budget</a>.
See Also: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $10.</a>
&#8220;You&#8217;re going to list out your income for the month&#8230; then you&#8217;re going to list all of your expenses beneath that,&#8221; Kamel said. &#8220;Every single extra dollar is going to be going toward your smallest debt.&#8221;
Nicole said she has already made some progress. &#8220;So far, I&#8217;ve <a href="https://www.benzinga.com/money/best-ways-to-pay-off-credit-card-debt">paid off</a> three of the credit cards since I started listening to you guys,&#8221; she said.
Kamel encouraged her: &#8220;Making $350,000, you can knock out 120 grand in debt really quickly.&#8221;
But it's going to take sacrifice. &#8220;You guys have to get really good at saying no. No to more debt, no to eating out, no to the luxuries that you&#8217;re used to. You&#8217;re going to feel like you&#8217;re living in college again.&#8221;
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 Earns $350,000 But Still Lives Paycheck To Paycheck—How Do You Even Rack Up $55K In Credit Card Debt On That Income?

The Justice Department has uncovered Donald Trump&#8217;s name in documents related to the late financier Jeffrey Epstein. This revelation came during a routine briefing in May, when Attorney General Pam Bondi informed Trump at the White House. The documents reportedly contain unverified information about numerous individuals who had socialized with Epstein.
What Happened: The mention of Trump&#8217;s name does not imply any wrongdoing, the Wall Street Journal <a href="https://www.wsj.com/politics/justice-department-told-trump-name-in-epstein-files-727a8038">reported</a> on Wednesday. The Justice Department decided against releasing further documents due to sensitive content, including child pornography. The decision was publicly announced on July 7 through a memo on their website.
Bondi and Deputy Attorney General&nbsp;Todd Blanche&nbsp;stated that&nbsp;nothing in the files warranted&nbsp;further investigation. They also mentioned plans to meet with&nbsp;Ghislaine Maxwell&nbsp;for additional information. Maxwell, convicted in 2021 for aiding Epstein&#8217;s trafficking, is seeking to overturn her conviction.
See Also: <a href="https://benzinga.com/news/politics/25/07/46508771/gen-x-voters-boost-donald-trumps-approval-rating-heres-whats-driving-it" target="_blank" rel="noreferrer noopener">Gen X Voters Boost Donald Trump's Approval Rating — Here's What's Driving It &#8211; Benzinga</a>
Trump&#8217;s spokesman,&nbsp;Steven Cheung, dismissed the report as &#8220;fake news.&#8221; The decision not to release the files has sparked backlash from Trump&#8217;s political base, with some supporters feeling betrayed. The administration has faced internal disagreements over the handling of the Epstein documents.
Bondi and Blanche told the Journal that the Trump briefing was &#8220;part of our routine&#8221; and that they had made the president &#8220;aware of the findings.&#8221;
Why It Matters: The Justice Department&#8217;s decision not to release further documents has been met with public backlash, prompting <a href="https://www.benzinga.com/news/politics/25/07/46565257/pam-bondi-orders-doj-to-meet-with-jeffrey-epstein-associate-ghislaine-maxwell-as-house-gop-prepares-for-her-testimony">renewed interest</a> in the Epstein case. Under Bondi&#8217;s direction, Deputy Attorney General Blanche has reached out to Maxwell to discuss her potential cooperation with prosecutors. This move signifies a shift in the DOJ&#8217;s approach, as no previous administration had inquired about her willingness to meet with the government.
Additionally, the DOJ, backed by Trump, has <a href="https://www.benzinga.com/news/politics/25/07/46507142/trump-backed-doj-motion-seeks-release-of-jeffrey-epstein-maxwell-grand-jury-transcripts">moved to unseal grand jury testimony</a> related to Epstein, highlighting the public&#8217;s persistent interest in the case. This motion followed criticism over the administration&#8217;s handling of Epstein-related documents, with Bondi previously promising to release all pertinent documents before retracting her statement.
Elon Musk has <a href="https://www.benzinga.com/markets/tech/25/07/46488532/elon-musk-attacks-trump-for-calling-jeffrey-epstein-case-a-hoax-then-defends-him-against-birthday-letter-leak">criticized Trump</a> for calling the Epstein case a &#8220;hoax,&#8221; further fueling the controversy surrounding the case.
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Photo Courtesy: Rawpixel.com on Shutterstock.com
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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Trump's Name Reportedly Found In Epstein Files By Justice Department, Pam Bondi Says President Was Made 'Aware Of The Findings'

AECOM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>) has outperformed the market over the past 5 years by 10.98% on an annualized basis producing an average annual return of 25.56%. Currently, AECOM has a market capitalization of $15.01 billion. 
Buying $100 In ACM: If an investor had bought $100 of ACM stock 5 years ago, it would be worth $308.88 today based on a price of $113.42 for ACM at the time of writing.
<h3>AECOM's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1753313416_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.

If You Invested $100 In This Stock 5 Years Ago, You Would Have This Much Today

LendingTree Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) shares are moving higher in extended trading Wednesday after the company provided preliminary results <a href="https://www.benzinga.com/pressreleases/25/07/n46587032/lendingtree-provides-preliminary-second-quarter-results-and-revised-2025-guidance">for the second quarter</a>.
What To Know: After the market close on Wednesday, LendingTree updated expectations for the second and third quarters and raised its full-year outlook. 
LendingTree now expects second-quarter revenue of $250 million, above previous guidance of $241 million to $248 million. The company anticipates second-quarter adjusted EBITDA of $31.8 million, above prior guidance of $29 to $31 million.
LendingTree also introduced preliminary third-quarter revenue guidance of $273 million to $281 million. Third-quarter adjusted EBITDA is expected to be in the range of $34 million to $36 million.
The company also updated its full-year 2025 revenue outlook to a range of $1 billion to $1.05 billion, up from prior guidance of $955 million to $995 million. LendingTree expects full-year adjusted EBITDA to be between $119 million and $126 million. The company previously guided for full-year adjusted EBITDA of $116 million to $124 million. 
&#8220;Our business is generating strong financial performance, with all three of our segments producing double-digit year-over-year revenue growth in the&nbsp;second quarter,&#8221;&nbsp;said Doug Lebda, chairman and CEO of LendingTree.
&#8220;We believe the momentum in our business, combined with a focus on disciplined execution, will drive ongoing improvement in financial results.&#8221;&nbsp;
TREE Price Action: <a href="http://benzinga.com/quote/TREE">LendingTree shares</a> were up 11.5% in after-hours, trading at $45.78 at the time of publication on Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
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Photo: Shutterstock.

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ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) has outperformed the market over the past 5 years by 9.24% on an annualized basis producing an average annual return of 23.82%. Currently, ONEOK has a market capitalization of $50.63 billion. 
Buying $100 In OKE: If an investor had bought $100 of OKE stock 5 years ago, it would be worth $291.47 today based on a price of $81.06 for OKE at the time of writing.
<h3>ONEOK's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1753312516_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.

$100 Invested In ONEOK 5 Years Ago Would Be Worth This Much Today

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