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Creative Media

Creative Media & Community Trust Corp is formed to invest in, own, and operate Class A and creative office investments in improving urban communities throughout the United States. It operates through segments such as office, hotel and multifamily properties and lending. The Office segment includes rental of office space and other tenant services, including tenant reimbursements, parking, and storage space rental. The Hotel segment relates to operations of hotel properties whereas, the lending segment refers to income from the yield and other related fee income earned on its loans receivable. The lending segment includes income recognized from the sale of government guaranteed portion of loans receivable, income from the yield on its loans receivable and other related fee income earned.

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Conoce las acciones que lideran el premercado tras movimientos clave: Check-Cap sube un 52,2% gracias a nueva patente.

Las acciones de Check-Cap suben un 52%; 20 acciones que se están moviendo antes de la apertura del mercado

Creative Media & Community Trust Corp

Macro Economic Events

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Econ #s

Economics

Germany Producer Price Index (MoM) For June 0.1% Vs. 0.1% Est.; -0.2% Prior

Telomir Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TELO#NASDAQ">TELO</a>) experienced an increase of 138.84% in its stock value during after-hours trading on Thursday, noting a regular trading session surge of 5.22% to reach $1.21.
What Happened: The surge in stock value followed the announcement of promising data regarding the <a href="https://finance.yahoo.com/sec-filing/TELO/0001641172-25-020042_1971532/">company&#8217;s lead candidate</a>, Telomir-1. The data indicated that Telomir-1 could reverse epigenetic gene silencing, restoring the tumor suppressor in <a href="https://www.benzinga.com/news/25/07/46483853/telomir-pharmaceuticals-announced-earlier-data-show-telomir-1-reverses-epigenetic-gene-silencing-of">human prostate cancer cells</a>. This performance surpassed that of chemotherapy and rapamycin.
Check out how&nbsp;<a href="https://www.benzinga.com/quote/TELO">TROL stock is trading here</a>.
See Also: <a href="https://benzinga.com/crypto/25/07/46484730/bitcoin-ethereum-dogecoin-rise-as-crucial-crypto-bills-sail-through-the-us-house-analytics-firm-sees-20-25-upside-for-btc-before-profit-taking-kicks-in">Bitcoin, Ethereum, Dogecoin Rise As Crucial Crypto Bills Sail Through The US House: Analytics Firm Sees 20%-25% Upside For BTC Before Profit-Taking Kicks In</a>
Why It Matters: The company has been making significant strides in its research and development efforts. In June, Telomir Pharmaceuticals announced that its <a href="https://www.benzinga.com/news/health-care/25/06/45994523/exclusive-telomir-pharmaceuticals-says-preclinical-drug-candidate-prevents-premature-aging-in-patient-derived-cells-from-children-with-progeria">preclinical drug</a> candidate prevented premature aging in patient-derived cells from children with progeria, a rare genetic disorder.&nbsp;
Earlier in June, the company&#8217;s lead candidate, Telomir-1, showed promising signs in an animal study for <a href="https://www.benzinga.com/news/health-care/25/06/45789712/exclusive-telomir-pharmaceuticals-lead-drug-shows-promising-signs-in-animal-study-for-rare-premature-aging-disorder">Werner Syndrome</a>, another rare, premature aging disorder. The drug demonstrated the ability to increase telomere length, reverse body weight and muscle loss, and reset cellular aging markers in the animal model.
These consistent positive results have likely contributed to the increase in Telomir Pharmaceuticals&#8217; stock value.
Price Action: TELO stock closed at $1.21 during <a href="https://www.benzinga.com/quote/TELO">regular trading hours</a>, marking a 5.22% increase from the previous close on Thursday.
Benzinga's Edge Stock Rankings indicate, negative price trend across all time frames. Know how the stock fares on <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">other parameters here</a>.
<figure class="wp-block-image size-full is-resized"><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/2025/07/18014439/Screenshot-2025-07-18-at-11.13.08%E2%80%AFAM.png" alt="" class="wp-image-990787" style="width:539px;height:auto" /></a></figure>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46485457/amazon-slashes-roles-in-aws-cloud-unit-as-ceo-andy-jassy-says-ai-will-reduce-the-need-for-certain-roles-report">Amazon Slashes Roles In AWS Cloud Unit As CEO Andy Jassy Says AI Will Reduce The Need For Certain Roles: Report</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: Gsign76 / Shutterstock.com

Equities

Markets

TELO

Telomir Pharma Skyrockets Nearly 139% After-Hours As Cancer Drug Shows Breakthrough Results, Beats Chemo In Human Cell Tests

The Trump administration will impose 93.5% tariffs on imports of Chinese Graphite, a crucial element in the production of Lithium-ion batteries, which could have wide-scale implications.
What Happened: The U.S. Commerce Department will impose the anti-dumping tariffs after it concluded that the material was "unfairly subsidized", Bloomberg reported <a href="https://www.bloomberg.com/news/articles/2025-07-17/us-set-to-impose-93-5-tariff-on-key-battery-material-from-china">on</a> Thursday.
The new tariffs would stack up on the existing tariffs imposed on Graphite, taking the total tariff to over 160%, according to American Active Anode Material Producers, a trade group cited in the report.
The group had earlier filed petitions with federal agencies, calling for investigations into Chinese companies that were possibly violating "anti-dumping laws," the report suggests.
The tariffs could add to supply chain issues faced by automakers, as Beijing currently <a href="https://www.benzinga.com/markets/equities/25/06/45787521/us-auto-suppliers-urge-immediate-action-to-tackle-chinas-rare-earths-restrictions-amid-serious-real-time-risks">imposes restrictions</a> on the export of some critical materials used in EV battery production.
An expert cited in the report said the tariff would add over $7 per Kilowatt-hour in costs for producing EV batteries. Elon Musk's Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has pushed against the tariffs, claiming that the domestic supply chain isn't developed enough to not rely on Chinese imports, the report suggests.
Why It Matters: The news comes as Trump's tariffs could pose new challenges for the auto industry, as the administration recently ended <a href="https://www.benzinga.com/markets/tech/25/07/46289556/trumps-tax-bill-axes-the-7500-ev-credit-heres-how-you-can-still-claim-it">the $7,500 EV credit</a> as part of the <a href="https://www.benzinga.com/news/politics/25/07/46283137/trump-vs-bezos-how-big-beautiful-bill-may-wreck-20k-ev-dream">Big Beautiful Bill law</a>.
Trump had also announced last month in a press briefing that he could impose new, hiked <a href="https://www.benzinga.com/markets/tech/25/06/45919154/trump-says-he-may-hike-auto-tariffs-again-to-boost-domestic-production-the-higher-you-go-they-build-a-plant-here">tariffs on automakers</a> as well, in a bid to boost domestic production. "The higher you go, the more likely it is they build a plant here," Trump said.&nbsp;
The administration's tariffs have also impacted the used car market, with the average used car price surging to a new single-largest high since August 2022, according to data released by Cox Automotive.
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:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46270052/as-trumps-big-beautiful-bill-is-signed-into-law-these-evs-from-tesla-gm-and-ford-will-become-more-expensive">As Trump's ‘Big, Beautiful Bill' Is Signed Into Law, These EVs From Tesla, GM And Ford Will Become More Expensive: Report</a></li>
</ul>
Image Via Shutterstock

TSLA

Trump Administration To Impose 93.5% Tariffs On Key Battery Material Imports From China: Report

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has reportedly laid off several employees within its Amazon Web Services (AWS) cloud division, as the company continues to restructure amid the growing impact of generative artificial intelligence.
What Happened: At least several hundred employees in AWS were let go, reported Reuters, citing two sources familiar with the matter. While Amazon confirmed the layoffs, it declined to disclose the exact number of affected workers.
"We've made the difficult business decision to eliminate some roles across particular teams in AWS," an Amazon spokesperson told the publication. "These decisions are necessary as we continue to invest, hire, and optimize resources to deliver innovation for our customers."
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/04/45090992/mark-zuckerberg-warns-of-serious-disadvantage-as-chinas-data-center-blitz-could-let-deepseek-leapfrog-us-ai-labs" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Warns Of ‘Serious Disadvantage&#8217; As China&#8217;s Data-Center Blitz Could Let DeepSeek Leapfrog US AI Labs</a>
Employees in multiple teams, including the "specialists" group—who work closely with clients to develop cloud solutions and promote services—were impacted, the report said.
Several workers told the publication they received termination emails and had their systems deactivated on Thursday morning.
Why It's Important: The cuts follow Amazon CEO Andy Jassy's comments that the increasing use of AI would reduce the need for certain roles.
Amazon is also among a growing list of tech giants, including Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), to announce <a href="https://www.benzinga.com/markets/tech/25/06/46076895/microsofts-layoffs-news-july-2025-ai-investment-80-billion">job reductions in 2025</a>.
Last month, <a href="https://www.benzinga.com/markets/tech/25/06/45807611/amazon-cuts-jobs-in-kindle-goodreads-divisions-terms-it-a-difficult-decision">Amazon laid off fewer than 100</a> employees in its Books division, including at Goodreads and Kindle, as part of ongoing efforts to streamline operations. The move followed job cuts across other units like devices and services, Wondery, and its stores and communications teams.
Price Action: Amazon shares rose 0.31% during Thursday's regular session and added another 0.21% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings show that Amazon continues to exhibit a strong upward trend across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed 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/2025/07/18003337/Screenshot-2025-07-18-at-10.02.21%E2%80%AFAM.png" alt="" class="wp-image-990711" /></a></figure>
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Tech

AMZN

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Amazon Slashes Roles In AWS Cloud Unit As CEO Andy Jassy Says AI Will Reduce The Need For Certain Roles: Report

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan National Consumer Price Index (MoM) For June 0.1% Vs. 0.3% Prior

Reported Earlier, Japan National Core Consumer Price Index (YoY) For June 3.3% Vs. 3.4% Est.; 3.7% Prior

President Donald Trump is planning to issue an executive order that will allow cryptocurrencies to be included in U.S. retirement plans, according to a report published Thursday.
What Happened: The executive order is expected to be signed this week, the Financial Times <a href="https://www.ft.com/content/07906211-5ab8-4917-bcad-5397c0bc3170">reported</a>, citing three sources familiar with Trump&#8217;s plans, allowing 401(k) plans to diversify their&nbsp;investments beyond traditional stocks and&nbsp;bonds.
The proposed investments span a wide range of asset classes, including digital assets, metals,&nbsp;and funds focused on corporate&nbsp;takeovers, private loans,&nbsp;and infrastructure deals. 
The executive&nbsp;order will&nbsp;instruct regulatory agencies to&nbsp;identify and address the remaining barriers that prevent such alternative investments from being&nbsp;included in professionally managed funds&nbsp;used by 401 (k) savers.
The White House didn&#8217;t immediately return Benzinga&#8217;s request for confirmation.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46454852/trump-fed-powell-odds-inflation-markets">Trump-Powell Feud Heats Up: Odds Of Fed Chair Ouster Spike</a>
Why It Matters: This report follows the <a href="https://www.benzinga.com/25/05/45661911/bitcoin-in-retirement-plans-labor-department-rescinds-biden-era-guidance-on-401k-crypto-inclusion">Labor Department&#8217;s decision</a> in May to lift restrictions that previously discouraged the inclusion of cryptocurrencies, such as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), in 401(k) retirement plans. 
The Department rescinded a Biden-era guidance that had urged plan fiduciaries to exercise "extreme care" before adding cryptocurrency to investment menus, going back to its "historically neutral" position on such investments.
The Wall Street Journal, meanwhile, also reported that&nbsp;Trump was preparing to sign an&nbsp;<a href="https://www.benzinga.com/news/25/07/46463579/trump-set-to-sign-executive-order-to-unlock-401-k-access-for-private-equity-giants-like-blackstone-a">executive order</a>&nbsp;allowing for private equity investments in 401(k) plans.
A 401(k) is a retirement savings plan sponsored by an employer that allows employees to save and invest a portion of their salary before taxes are taken out.
Americans held $12.2 trillion in all employer-based DC retirement plans on March 31, of which $8.7 trillion was held in 401(k) plans, <a href="https://www.ici.org/print/pdf/node/836811">according </a>to the&nbsp;Investment Company Institute.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46424764/trump-wishes-bitcoin-ethereum-xrp-happy-crypto-week-it-is-all-part-of-make-america-great-again">Trump Wishes Bitcoin, Ethereum, XRP &#8216;Happy Crypto Week!&#8217; — &#8216;It Is All Part Of Make America Great Again&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo Courtesy: Tada Images on Shutterstock.com
<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

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

Cryptocurrency

$BTC

$ETH

Trump Plans Executive Order To Add Crypto To 401(k) Menus—$8.7 Trillion Retirement Market Poised For Bitcoin, Ethereum And Takeover Funds: Report

Billionaire investor Chamath Palihapitiya, a prominent figure in the tech industry, has criticized the underwhelming performance of artificial intelligence systems in large corporations. He also took the opportunity to promote his product, the &#8216;Software Factory&#8217; developed by 8090 Solutions Inc., as a reliable alternative.
What Happened: On Thursday, in a post on X, Palihapitiya pointed out the dissatisfaction among major corporations with their AI systems and proof of concepts (POCs) for the year 2025. He stated that despite high expectations, this year has been a &#8220;year of letdowns&#8221; for these systems.
He then shifted the focus to his product, the &#8216;Software Factory&#8217; developed by 8090, which is set to be released on Sep. 1. He highlighted the product&#8217;s reliability, contrasting it with flashy yet unreliable AI POCs. Palihapitiya also announced that the &#8216;Software Factory&#8217; will be available to a select group of alpha users starting in August, encouraging them to test its limits.
Palihapitiya&#8217;s post is a direct response to a user&#8217;s comment about the disappointing performance of AI systems in large corporations.
See Also: <a href="https://benzinga.com/news/topics/25/07/46483073/bill-gates-says-elon-musk-was-super-mean-after-he-shorted-tesla-stock-but-hes-super-mean-to-so-many-people" target="_blank" rel="noopener">Bill Gates Says Elon Musk Was &#8216;Super Mean&#8217; After He Shorted Tesla Stock — &#8216;But He&#8217;s Super Mean to So Many People&#8217;</a>
<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">"2025 was supposed to be the year of agents. so far it's been the year of letdowns." That line kind of says it all. Everyone's been let down by agent POCs this year. Stuff that looks cool in a demo but falls apart the second you try to use it reliably in/for production. I… <a href="https://t.co/81q0yst8Qi">https://t.co/81q0yst8Qi</a>
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1945820402409693445?ref_src=twsrc%5Etfw">July 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: The tech industry has been abuzz with the potential of AI systems to revolutionize the workplace. Companies like Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) have been investing heavily in AI technology, with the recent launch of the <a href="https://www.benzinga.com/markets/tech/25/07/46463102/amazons-bedrock-agentcore-platform-hints-at-future-of-work-ai-agents-that-think-code-and-collaborate">Amazon Bedrock AgentCore</a>, a service that allows businesses to create a network of interconnected AI agents.
Similarly, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has been at the forefront of this trend, with the introduction of the <a href="https://www.benzinga.com/tech/25/04/44991419/nvidia-powers-next-gen-adaptive-digital-ai-agents-for-cisco-nasdaq-and-meta">NeMo microservices</a>, which help enterprise IT quickly build AI teammates that tap into data flywheels to scale employee productivity.
In December, Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google introduced a new prototype called &#8220;Project Mariner,&#8221; an AI-powered Chrome extension based on its Gemini 2.0 technology. The tool runs directly in users&#8217; browsers and is designed to automate complex online tasks by understanding and reasoning across websites.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://benzinga.com/news/topics/25/07/46476163/elon-musk-promised-us-trillions-in-cuts-now-we-are-down-to-9-billion-says-fox-news-host" target="_blank" rel="noopener">Elon Musk Promised Us Trillions In Cuts. Now, We Are Down To $9 Billion,&#8217; Says Fox News Host</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 Shutterstock

Startups

GOOG

GOOGL

NVDA

Chamath Palihapitiya Slams AI Agent Hype As 'Year Of Letdowns'—Touts 8090's Software Factory As No-Gimmick Alternative

Former OpenAI vice president Peter Deng says the secret to shipping hit products is assembling "a team of Avengers," not a squad of interchangeable generalists.
What Happened: Speaking on Lenny's Podcast in June, Deng said leaders should "think about your team as a product and what are the various pieces you need to really stretch the gamut of what you&#8217;re thinking about."
He likened recruiting to an RPG where "everyone has different sliders and you have to create this super team where everyone actually spikes in different ways."
Deng, now a general partner at Felicis Ventures, <a href="https://www.benzinga.com/news/23/06/32667653/who-is-peter-deng-the-new-head-of-consumer-product-at-openai">helped craft</a> ChatGPT Enterprise, Facebook Messenger and Uber Reserve before leaving OpenAI earlier this year. Across those launches, he said the standout groups paired wildly different "superpowers," a pattern he believes beats homogeneous crews every time.
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<iframe loading="lazy" title="From ChatGPT to Instagram to Uber: The quiet architect behind the world's most popular products" width="500" height="281" src="https://www.youtube.com/embed/8TpakBfsmcQ?start=2&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46463253/elon-musks-tesla-achieving-full-autonomy-would-be-good-for-society-but-bad-for-insurance-companies-says-warren-buffett-if-accidents-get-reduced">Elon Musk&#8217;s Tesla Achieving Full Autonomy Would Be &#8216;Good For Society&#8217; But Bad For Insurance Companies, Says Warren Buffett: &#8216;If Accidents Get Reduced…&#8217;</a>
&#8220;The teams that I&#8217;ve helped build are — the most successful ones are a team of Avengers that are just very different, have very different superpowers,&#8221; he says. &#8220;You know you&#8217;re getting the best outcome when everyone&#8217;s pulling and obsessing over a different thing,&#8221; Deng adds.
Why It Matters: The ex‑OpenAI product chief scouts two traits above all — autonomy and a "growth mindset." "In six months, if I'm telling you what to do, I hired the wrong person," Deng explains, arguing that self‑directed staff drive higher standards.
The Avengers model Deng talks about echoes broader Silicon Valley moves to <a href="https://www.reddit.com/r/ExperiencedDevs/comments/18h1b0t/the_tech_industry_currently_favors_specialized/">swap</a> "full‑stack" generalists for deep specialists as AI workloads splinter into safety, alignment and enterprise verticals. Deng contends that mix is what kept pace at Meta and OpenAI.
While Deng recommends managers and CEOs have a mix of team players, in a 1995 interview, Apple co-founder Steve Jobs said the single biggest lever in tech is staffing teams <a href="https://www.benzinga.com/news/management/25/05/45190886/steve-jobs-warned-the-difference-between-good-and-great-software-engineers-is-50to1-admitted-firing-non-performers-was-very-painful-yet-necessary">exclusively with "A players,"</a> insisting the performance gap between good and great software talent can reach 50‑to‑1. Tesla CEO Elon Musk has since <a href="https://www.benzinga.com/news/24/03/38013068/tesla-ceo-elon-musk-reacts-to-apple-co-founder-steve-jobs-on-finding-top-talent-you-build-up-these-p">endorsed Jobs's mantra</a>, adding that only a tight roster of top‑tier performers can consistently outclass much larger teams of average contributors.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46463826/elon-musk-changed-his-number-became-unreachable-after-trump-feud-reveals-speaker-mike-johnson-i-sent-him-a-long-text-message-and-then">Elon Musk Changed His Number, Became Unreachable After Trump Feud, Reveals Speaker Mike Johnson: &#8216;I Sent Him A Long Text Message, And Then&#8230;&#8217;</a></li>
</ul>
Image via Shutterstock

Entrepreneurship

Management

Success Stories

Ex‑OpenAI Product Chief Says The Key To Building Success Is Gathering 'A Team Of Avengers,' Reveals Two Traits To Look Out For

The Future Fund LLC's Managing Director, Gary Black, thinks Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) can benefit from the rapid advancement in autonomous driving technology.
Check out the current price of<a href="https://benzinga.com/quote/uber"> UBER stock here</a>.
What Happened: "Uber continues to outperform Tesla as the autonomous race heats up," the investor said in a post on social media platform X on Thursday.
The investor said that Uber benefits the most with the development of autonomous driving technology as it could allow the company to "eliminate the cost of a driver from the cost of ridership, which could lower the price by half and significantly expand TAM [Total addressable market]."
The investor also shared his thoughts on Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Robotaxi efforts. "Mastering unsupervised autonomy could allow it [Tesla] to expand its robotaxi fleet," Black said before adding that Elon Musk's EV giant possesses the scale to "undercut all ride-hailing competitors."
To do that, however, Tesla would need to achieve 99.99% autonomous driving efficacy, which Black said meant 1 critical disengagement per 10,000 miles or "once a year."
Black also acknowledged that investors remained skeptical of Robotaxis since it still operates in Austin with a safety driver.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24UBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UBER</a> continues to outperform <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> (YTD <a href="https://twitter.com/search?q=%24UBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UBER</a> +51%, TSLA -21%) as the race for autonomy heats up. The investment thesis for <a href="https://twitter.com/search?q=%24UBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UBER</a> is that UBER benefits most as autonomous tech advances since it allows UBER to eliminate the cost of a driver from the cost of ridership, which… <a href="https://t.co/xmoEU7g3Pj">pic.twitter.com/xmoEU7g3Pj</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1945962122359259351?ref_src=twsrc%5Etfw">July 17, 2025</a></blockquote>
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Why It Matters: The comments come as Uber recently signed a deal with Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) to develop <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46470514/lucid-stock-is-trading-higher-thursday-whats-going-on">a global robotaxi program</a> for the ride-hailing platform.
Uber had also recently partnered with Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo to <a href="https://www.benzinga.com/markets/tech/25/06/46087567/uber-nears-all-time-high-as-waymo-partnership-expands-to-atlanta-gary-black-calls-it-low-risk-while-tesla-lags-in-supervised-autonomy">expand its services</a> in the city of Atlanta. Uber had also invested in the <a href="https://www.benzinga.com/markets/large-cap/25/06/45855580/uber-softbank-backed-wayve-to-test-self-driving-cars-on-public-roads-in-uk">autonomous driving company</a> Wayve.
Elsewhere, Tesla is also expanding its <a href="https://www.benzinga.com/markets/tech/25/07/46361254/elon-musks-robotaxi-push-expands-to-phoenix-as-tesla-seeks-arizona-approval">Robotaxi serviceable area</a> as the company targets Phoenix, Arizona, according to officials from the city's local government.
Uber scores well on Momentum and Growth metrics while offering satisfactory Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46030504/uber-expands-ai-services-countries-businesses-train-smarter-ai-agents">Uber Collected Tons Of User Data For Years, Will License It To 30 Countries For AI</a></li>
</ul>
Photo courtesy: JHVEPhoto / Shutterstock

LCID

UBER

Gary Black Thinks Uber 'Benefits Most' As Autonomous Driving Technology Develops, Says Tesla Could Undercut Other Ride-Hailing Companies By 'Mastering Unsupervised Autonomy'

Federal Reserve Chair Jerome Powell responded to scrutiny over the central bank's multi-billion-dollar, multi-year renovation of its Washington, D.C. headquarters, emphasizing that the project is being managed responsibly, with no extravagant features or misuse of public funds.
What Happened: In a letter addressed <a href="https://www.federalreserve.gov/foia/files/vought-letter-20250717.pdf">to</a> the Office of Management and Budget Director Russell Vought, Powell said that the renovation of the Marriner S. Eccles Building and the 1951 Constitution Avenue Building was necessary, given their aging infrastructure, with both buildings built in the 1930s.
&#8220;Neither building has seen a comprehensive renovation since they were first constructed,&#8221; Powell says, noting that the project addresses &#8220;significant structural repairs&#8221; and updates &#8220;to make the buildings safe, healthy, and effective places to work.&#8221;
See Also: <a href="https://www.benzinga.com/markets/25/07/46384532/grant-cardone-says-jerome-powell-intentionally-set-middle-class-back-a-decade-and-froze-the-housing">Grant Cardone Says Jerome Powell Intentionally &#8216;Set Middle Class Back A Decade&#8217; And Froze the Housing Market — &#8216;Tell Me I&#8217;m Wrong&#8217;</a>
This, he says, includes the removal of asbestos and lead, and full replacement of antiquated electrical, plumbing, and HVAC systems.
Powell pushed back against allegations of excessive spending in his letter, alongside the criticism of its scope and extravagant design features. 
&#8220;There are no VIP dining rooms being constructed as part of the project,&#8221; he said, and &#8220;there are no special, private, or VIP elevators being constructed,&#8221; but he acknowledges that the initial design included new water features, which &#8220;have been eliminated,&#8221; he notes.
Why It Matters: Powell also highlighted the fact that the Federal Reserve Board voluntarily submitted its renovation plans to the National Capital Planning Commission, and has since received design approvals in 2020 and 2021. He also notes that the project has been under oversight, including regular audits and reporting to the Fed's independent inspector general.
&#8220;We take seriously the responsibility to be good stewards of public resources,&#8221; Powell says, adding that the project has been subject to budget approvals each year by board members, and that he&#8217;s since asked the Fed&#8217;s Inspector General to conduct a fresh review of the project.
This comes amid growing criticism of the Fed&#8217;s $2.5 billion headquarters renovation, with Vought himself attacking the central bank this week, saying that &#8220;the Palace of Versailles would have cost $3 billion in today's dollars,&#8221; to highlight the <a href="https://www.benzinga.com/news/politics/25/07/46361722/jerome-powell-has-grossly-mismanaged-says-russ-vought-as-fed-hq-renovation-costs-soar-to-2-5-billion-the-palace-of-versailles-would-have-cost-3-billion">extravagance of the project</a>.
Speculation continues to mount among allies of President Donald Trump that this controversy could be used as <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46454852/trump-fed-powell-odds-inflation-markets">grounds for terminating</a> Powell &#8220;for cause,&#8221; amid escalating tensions and months of public criticism.
Read More:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46405212/trump-gets-faqd-by-powell-no-champagne-rooms-just-clearing-cancer-dust">Trump Gets FAQ&#8217;d By Powell—No Champagne Rooms, Just Clearing Cancer Dust</a></li>
</ul>
Image via Shutterstock

Government

Politics

Federal Reserve

Jerome Powell Defends $2.5 Billion Fed HQ Overhaul, Says 'No VIP Dining Rooms,' No Private Elevators As Trump Allies Slam Project Over Versailles-Style Excess

On Thursday, Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) said that it will be <a href="https://www.benzinga.com/news/entertainment/25/06/45978982/streaming-dethrones-tv-giants-netflix-youtube-lead-the-takeover">interested in partnering</a> with top YouTube creators—but only if their content aligns with the company's premium streaming standards and monetization model.
What Happened: During the <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46481193/netflix-q2-fueled-by-price-ads-squid-game-q3-set-to-repeat">company's second-quarter earnings</a> call, Wells Fargo analyst Steve Cahall asked whether Netflix sees an opportunity to bring YouTube stars exclusively to its platform, especially as YouTube currently leads in U.S. TV viewership share.
YouTube is a subsidiary of Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google.
In response, Netflix Co-CEO Ted Sarandos said, "We want to be in business with the best creatives on the planet, regardless of where they come from," adding that some are in Hollywood, others in Korea or India and some are creators on social media platforms.
Sarandos went on to add that while not all <a href="https://www.benzinga.com/25/01/43104552/youtube-vs-netflix-streamers-top-usage-leaderboard-in-december-sector-makes-more-gains-on-broadcast-and-cable">YouTube content is a fit</a> for Netflix, certain creators are already finding success.
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/previews/25/07/46453824/netflix-q2-earnings-preview-squid-game-lift-is-clear-but-whats-the-next-blockbuster" target="_blank" rel="noreferrer noopener">Netflix Q2 Earnings Preview: ‘Squid Game' Lift Is Clear—But What's The Next Blockbuster?</a>
Creators like Miss Rachel had 53 million views on Netflix in 2025, he said. "We're really excited about the Sidemen and pop the balloon and a wide variety of and video podcasters that might be a good fit for us."
Netflix, he added, offers unique advantages for creators: "phenomenal distribution, desirable monetization, brilliant discovery in our UI, and a hungry audience waiting to be entertained."
Co-CEO Greg Peters added that while competition is fierce—from streamers to video games to free content—Netflix is focused on quality. "Not all hours are created equal," he said.&nbsp;
"It is worth remembering there is about 80% of total TV view share that neither Netflix, Inc. or YouTube are winning right now," Peters added. To which, Sarandos followed up, saying, "The vast majority of our money and attention is focused on that 80%."
Why It's Important: Netflix posted second-quarter revenue of $11.08 billion, marking a 16% year-over-year increase. The figure surpassed the Street consensus estimate of $11.04 billion, 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>.
Netflix provided third-quarter guidance projecting revenue of $11.526 billion, a 17% increase year-over-year, and earnings per share of $6.87 — both topping Street expectations.
Additionally, the streaming giant raised its full-year revenue forecast to a range of $44.8 billion to $45.2 billion, up from its earlier estimate of $43.5 billion to $44.5 billion.
Price Action: Netflix shares have risen 43.69% year-to-date and are up 96.80% over the past 12 months. On Thursday, the stock advanced 1.91% during regular trading but dipped 1.86% in after-hours trading.
Benzinga's Edge Stock Rankings indicate that NFLX continues to show consistent upward momentum across short, medium and long-term periods. While its momentum score remains strong, its value rating trails behind. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance insights are available 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/2025/07/17233021/Screenshot-2025-07-18-at-8.57.51%E2%80%AFAM.png" alt="" class="wp-image-990668" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/news/entertainment/25/07/46425260/netflix-bets-womens-boxing-taylor-serrano-bout-pays-off" target="_blank" rel="noreferrer noopener">Netflix's Bet On Women's Boxing Pays Off: Here's How Many People Watched Taylor Vs. Serrano</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: marekfromrzeszow / Shutterstock.com

Entertainment

Media

NFLX

Netflix Courts YouTube Stars To Feed Its 'Hungry Audience Waiting To Be Entertained' — Co-CEO Ted Sarandos Hints At Premium Platform Edge Amid Creator Gold Rush

The bid to set clear working rules for the cryptocurrency industry in the U.S. got a booster pill Thursday as the House of Representatives <a href="https://www.benzinga.com/crypto/25/07/46480331/the-us-just-took-a-big-step-toward-crypto-regulation-heres-what-the-clarity-act-actually-says">passed key pieces of legislation.</a>
The passage was cheered by the cryptosphere and top officials of the Trump administration.
What happened: SEC Chair Paul Atkins deemed the passage of the GENIUS Act, also known as the stablecoin bill, a "historic milestone" for crypto entrepreneurs and market participants.&nbsp;
"I look forward to watching the market leverage the regulatory framework provided by the GENIUS Act to go to market with payment stablecoin solutions that make transactions quicker, cheaper, and safer," Atkins said in a statement.
Brian Armstrong, CEO of America&#8217;s largest cryptocurrency exchange, Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), described the development as &#8220;huge&#8221; and stated that the industry is &#8220;incredibly close to having a clear regulatory framework.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Huge! GENIUS ready to be signed into law. CLARITY heading the senate next. We are getting incredibly close to finally having clear rules for crypto to grow this industry in the United States of America. <a href="https://t.co/8Bv23pcJAX">https://t.co/8Bv23pcJAX</a>
&mdash; Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1945945103085998581?ref_src=twsrc%5Etfw">July 17, 2025</a></blockquote>
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Jeremy Allaire, co-founder and CEO of the newly listed stablecoin-issuing company, Circle Internet Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>), commended Congress for showing strong bipartisan support to pass an "enormously significant" piece of legislation.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It&#39;s truly extraordinary to see the US Congress come together in a very strong bi-partisan manner to deliver an enormously significant piece of legislation that will unleash American technology innovation to build the new internet financial system. Tomorrow will make history.
&mdash; Jeremy Allaire &#8211; jda.eth / jdallaire.sol (@jerallaire) <a href="https://twitter.com/jerallaire/status/1945960426967105600?ref_src=twsrc%5Etfw">July 17, 2025</a></blockquote>
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Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) CEO Vlad Tenev said it's "a good day for innovation" in America, taking a step closer to making cryptocurrency the backbone of the financial system.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It&#39;s a good day for innovation in America. A federal framework for stablecoins gets us one step closer to making crypto the backbone of the global financial system. By enabling faster payments and streamlining settlement, the U.S. now has the opportunity to lead. &#x1f1fa;&#x1f1f8; <a href="https://t.co/KJtsOBmFKW">https://t.co/KJtsOBmFKW</a>
&mdash; Vlad Tenev (@vladtenev) <a href="https://twitter.com/vladtenev/status/1945942543906271350?ref_src=twsrc%5Etfw">July 17, 2025</a></blockquote>
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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/25/07/46424764/trump-wishes-bitcoin-ethereum-xrp-happy-crypto-week-it-is-all-part-of-make-america-great-again">Trump Wishes Bitcoin, Ethereum, XRP &#8216;Happy Crypto Week!&#8217; — &#8216;It Is All Part Of Make America Great Again&#8217;</a>
Meanwhile, economist and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) critic Peter Schiff suggested potential corruption in the passage of the bills.
"Power corrupts. And in Congress, money buys it. There's no better display than crypto week, where Bitcoin whales paid off key members to dress their digital pyramid scheme in a cloak of legitimacy," he said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Power corrupts. And in Congress, money buys it. There's no better display than crypto week, where Bitcoin whales paid off key members to dress their digital pyramid scheme in a cloak of legitimacy, to further exploit the public's greed and ignorance for their personal gain.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1945858950508802536?ref_src=twsrc%5Etfw">July 17, 2025</a></blockquote>
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Why It Matters: The House voted for three bills on Thursday. The GENIUS Act, which has <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45989307/senate-passes-genius-act-coinbases-brian-armstrong-calls-it-big-milestone-scott-bessent-says-passage-could-drive-stablecoins-into-a-3-7-trillion-market">already passed the Senate</a>, aims to establish the first regulatory framework for issuers of dollar-pegged stablecoins such as Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) and USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>). It is set to arrive on President Donald Trump's desk soon.
The CLARITY Act, which proposes to <a href="https://www.benzinga.com/25/05/45213365/maxine-waters-to-obstruct-cryptocurrency-hearing-plans-shadow-hearing-instead">split cryptocurrency oversight</a> between the SEC and the CFTC, also sailed through and will now proceed toward the Senate.
Lastly, the lower chamber passed the Anti-Central Bank Digital Currency bill, which will prevent the Federal Reserve from issuing a centrally controlled digital dollar.
The bills passed, but not <a href="https://www.benzinga.com/news/politics/25/07/46458679/trump-backed-crypto-bills-stalled-again-in-house-of-representatives-marjorie-taylor-greene-holds-out-on-cbdc-ban-will-not-vote-for-this">before a bumpy ride</a>, thanks to disagreements between House Republicans that forced Trump to intervene.
Concerns over <a href="https://www.benzinga.com/news/politics/25/07/46459302/elizabeth-warren-says-trump-backed-genius-clarity-bills-dont-address-his-corruption-or-stop-terrorists-from-using-crypto-to-blow-up-our-entire-economy">Trump-backed ventures and a potential conflict of interest</a> have heightened scrutiny of the bills, with senior Democrat Sen. Elizabeth Warren (D-Mass.) among the most vocal opponents.
Photo Courtesy: PeopleImages.com &#8211; Yuri A on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46448779/inside-trumps-oval-office-crypto-push-why-did-11-republicans-suddenly-change-their-vote">Inside Trump&#8217;s Oval Office Crypto Push: Why Did 11 Republicans Suddenly Change Their Vote?</a></li>
</ul>

$USDC

$USDT

COIN

HOOD

US House Passes Crucial Crypto Bills — From SEC Chair Paul Atkins To Coinbase CEO Brian Armstrong, Here's How Everyone Reacted

President Donald Trump has been diagnosed with chronic venous insufficiency after experiencing mild swelling in his lower legs, according to a White House medical memorandum released Thursday by Navy Captain Sean Barbabella, the physician to the president.
What Happened: The 79-year-old president underwent comprehensive vascular studies, including bilateral lower extremity venous Doppler ultrasounds, which revealed the age-related circulatory condition. Barbabella emphasized the diagnosis is &#8220;benign and common, particularly in individuals over the age of 70.&#8221;
The medical evaluation found no evidence of deep vein thrombosis or arterial disease. Laboratory testing including complete blood count, comprehensive metabolic panel, and cardiac biomarkers returned normal results. An echocardiogram confirmed normal cardiac structure and function with no signs of heart failure or renal impairment.
The health update comes amid heightened scrutiny of Trump&#8217;s physical condition following his <a href="https://www.benzinga.com/news/politics/25/06/45939117/tanks-helicopters-and-a-parade-inside-donald-trumps-over-the-top-79th-birthday-bash">recent 79th birthday celebration</a> featuring a $45 million military parade in Washington D.C. that drew 200,000 attendees. The event coincided with nationwide &#8220;No Kings&#8221; Day protests criticizing the administration&#8217;s use of executive authority.
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46483170/voters-want-third-party-option-but-77-say-not-so-much-to-elon-musk-while-trump-approval-at-44">Voters Want Third Party Option, But 77% Say &#8216;Not So Much&#8217; To Elon Musk, While Trump Approval At 44%</a>
Why It Matters: Recent photographs showing minor bruising on Trump&#8217;s hand were attributed to frequent handshaking and aspirin use for cardiovascular prevention, according to the medical report. The physician noted this represents a &#8220;well-known and benign side effect of aspirin therapy.&#8221;
The diagnosis follows former President Joe Biden&#8216;s recent prostate cancer announcement in May, which prompted Trump to express sympathy on Truth Social. Biden, 82, was <a href="https://www.benzinga.com/25/05/45485704/joe-biden-diagnosed-with-advanced-prostate-cancer-trump-wishes-former-president-a-fast-and-successful-recovery">diagnosed with Stage 4 hormone-sensitive prostate cancer</a> that had metastasized to his bones.
Trump&#8217;s medical team concluded he &#8220;remains in excellent health&#8221; despite the circulatory condition. Chronic venous insufficiency typically involves weakened vein valves that impair blood flow back to the heart, causing fluid accumulation in the lower extremities.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46475554/why-is-donald-trump-ignoring-elon-musks-call-for-phase-2-of-the-epstein-files">Why Is Donald Trump Ignoring Elon Musk&#8217;s Call For &#8216;Phase 2&#8217; Of The Epstein Files?</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: Jonah Elkowitz from Shutterstock

Health Care

Events

General

Trump Diagnosed With Chronic Venous Insufficiency, A Common Circulatory Condition In Over-70s, White House Says He's 'In Excellent Health'

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) shareholders ended a <a href="https://www.benzinga.com/news/legal/25/07/46458910/meta-shareholders-sue-mark-zuckerberg-peter-thiel-for-8-billion-over-privacy-violations-linked-to-cambridge-analytica-scandal">landmark $8 billion lawsuit</a> against Mark Zuckerberg and several current and former executives on Thursday, reaching a surprise settlement just as the high-profile privacy trial was set to enter its second day.
What Happened: The surprise settlement was announced Thursday morning by the plaintiffs' lawyer without disclosing terms. Delaware Judge Kathaleen McCormick adjourned the trial, reported Reuters.&nbsp;
The case, heard in Delaware's Court of Chancery, accused Zuckerberg, Sheryl Sandberg, Marc Andreessen, Peter Thiel and others of allowing repeated violations of Facebook users' privacy, which led to billions in regulatory fines, including a record-setting $5 billion penalty from the Federal Trade Commission in 2019.
See Also: <a href="https://www.benzinga.com/insights/news/25/07/46394931/heres-how-much-you-would-have-made-owning-meta-platforms-stock-in-the-last-10-years">Here&#8217;s How Much You Would Have Made Owning Meta Platforms Stock In The Last 10 Years</a>
Shareholders claimed the board failed to oversee compliance with a 2012 FTC agreement that required Facebook to protect user data.
The case was built around so-called Caremark claims, a rare and difficult legal theory under Delaware law that seeks to hold directors liable for oversight failures.
Why It's Important: The settlement allows Zuckerberg and other defendants to avoid public testimony. Zuckerberg was <a href="https://www.benzinga.com/markets/tech/25/07/46391634/mark-zuckerberg-expected-to-appear-as-star-witness-in-8-billion-trial-over-alleged-privacy-violations">expected to take the stand on Monday</a>, with Sandberg and others, including Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) co-founder Reed Hastings and Palantir Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) co-founder Peter Thiel, scheduled to testify later.
The case marked the first time Caremark claims reached trial, with the potential to set a precedent for board accountability in data privacy governance. By settling, the plaintiffs avoid a difficult legal battle, while Meta's leadership sidesteps deeper public scrutiny <a href="https://www.benzinga.com/media/18/10/12440084/why-facebooks-recent-hack-is-much-worse-than-cambridge-analytica">over its role in the</a> Cambridge Analytica scandal.
Critics, however, say the settlement is a missed opportunity for transparency, the report added. It is pertinent to note that Meta was not a defendant in the case.
Price Action: Meta stock dipped 0.21% on Thursday, closing at $701.41, but edged up 0.18% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings show that META maintains steady upward momentum across short, medium and long-term periods. Its growth metrics remain robust, though the stock's value rating is comparatively weaker. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance data is available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17220915/Screenshot-2025-07-18-at-7.37.44%E2%80%AFAM.png" alt="" class="wp-image-990643" /></a></figure>
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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.
Image via Shutterstock

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PLTR

Mark Zuckerberg, Peter Thiel And Meta Board Dodge Courtroom Showdown As Shareholders Abruptly Settle $8 Billion Privacy Lawsuit

Economist Paul Krugman believes that Elon Musk&#8217;s Grok AI chatbot became &#8220;MechaHitler&#8221; because the latter tried to make the AI less &#8220;politically correct.&#8221;
What Happened: On Thursday, Krugman weighed in on the recent controversy <a href="https://paulkrugman.substack.com/p/the-road-to-mechahitler">in</a> his Substack newsletter, saying that he understands why xAI&#8217;s chatbot began spewing antisemitic propaganda, eventually calling itself &#8220;MechaHitler,&#8221; leading to <a href="https://www.benzinga.com/markets/tech/25/07/46460070/elon-musks-xai-faces-industry-backlash-over-reckless-ai-safety-practices-as-regulatory-scrutiny-intensifies">significant industry backlash</a>.
&#8220;Although I don't claim any expertise in the technology, I think I understand why he's having such a hard time fixing the problem,&#8221; Krugman said.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46407317/elizabeth-warren-rips-pentagon-deal-with-elon-musks-xai-days-after-company-apologized-for-groks-horrific-behavior-what-could-possibly-go-wrong">Elizabeth Warren Rips Pentagon Deal With Elon Musk&#8217;s xAI Days After Company Apologized For Grok&#8217;s &#8216;Horrific&#8217; Behavior: &#8216;What Could Possibly Go Wrong?&#8217;</a>
According to him, the AI began veering into dangerous territory following Musk&#8217;s push to make it less &#8220;politically correct.&#8221; He says, &#8220;Musk tried to nudge Grok into being less ‘politically correct,' but what Musk considers political correctness is often what the rest of us consider just a reasonable description of reality.&#8221;
Krugman ties Musk's AI troubles to a broader critique of right-wing ideology, such as the Make America Great Again (MAGA) movement's rejection of mainstream consensus on issues like climate change and tax policy.
&#8220;To be a conservative in good standing, you have to deny reality, which was true even then and is far more true now,&#8221; Krugman wrote, referencing a quote from comedian Stephen Colbert that &#8220;reality has a well-known liberal bias.&#8221;
In the end, Krugman suggests that the problems aren&#8217;t with the models themselves, but the ideology that is trying to reshape them. &#8220;There isn't any way to make an AI MAGA-friendly without also making it vile and insane,&#8221; he says.
Why It Matters: This isn&#8217;t the first time that xAI&#8217;s Grok has found itself at the center of controversy in recent years. Nearly two months ago, Rep.&nbsp;Marjorie Taylor Greene&nbsp;(R-Ga.) accused it of <a href="https://www.benzinga.com/general/social-media/25/05/45600798/mtg-picks-a-fight-with-elon-musks-ai-chatbot-grok-is-left-leaning-and-continues-to-spread-fake-news-and-propaganda">being &#8220;left-leaning&#8221;</a> and propagating &#8220;fake news&#8221; and &#8220;propaganda.&#8221;
A year ago, the tool generated images of political figures and celebrities that <a href="https://www.benzinga.com/news/24/08/40389015/elon-musks-grok-ai-chatbot-creates-controversy-by-allowing-users-to-generate-no-filter-images-includ">drew criticism over safety concerns</a>.
This comes as the company launched its <a href="https://www.benzinga.com/markets/tech/25/07/46335602/elon-musk-s-xai-launches-grok-4-with-phd-level-ai-debuts-in-300-month-supergrok-tier">&#8220;SuperGrok Heavy&#8221; model</a> last week, with a price tag of $300 per month, which Musk claims achieves &#8220;PhD levels in every subject&#8221; with &#8220;no exceptions.&#8221;
Read More: 
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46407767/elon-musks-xai-launches-grok-for-government-after-winning-200-million-pentagon-contract">Elon Musk&#8217;s xAI Launches &#8216;Grok For Government&#8217; After Winning $200 Million Pentagon Contract</a></li>
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Photo Courtesy: JRdes on Shuttertsock.com

Elon Musk's Grok Became 'Vile' And 'Insane' After MAGA Pivot, Says Economist Paul Krugman

Leading cryptocurrencies rose on Thursday as the House of Representatives passed crucial bills aimed at ending regulatory ambiguity in the industry.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:20 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>+0.50%</td>
<td>$119,524.79</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>+2.52%</td>
<td>$3,477.42</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>+1.40%</td>
<td>$0.2192</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin nearly reclaimed $121,000 in the evening before pulling back to the $119,000 zone. An overnight surge, however, pushed the apex coin back above $120,000, 2.22% short of its record high.
Ethereum also broke past $3,500 to hit an eight-month high, extending a winning run that has returned its holders more than 42% in the past month.&nbsp;
Bitcoin's dominance fell to 61%, while Ethereum's market share surged past 11% for the first time since January.
The House <a href="https://www.benzinga.com/crypto/25/07/46480331/the-us-just-took-a-big-step-toward-crypto-regulation-heres-what-the-clarity-act-actually-says">passed key cryptocurrency bills</a>, including the GENIUS Act, which now heads to President Donald Trump's desk, and the CLARITY Act, which will proceed to the Senate.&nbsp;
Meanwhile, cryptocurrency liquidations hit $607 million in the last 24 hours, with bearish bets accounting for more than half of them.
Bitcoin's open interest rose by 1.15% in the last 24 hours, while Ethereum recorded a 6.16% spike. The "Greed" sentiment prevailed in the market, according to the Crypto Fear &amp; Greed Index.
Top Gainers (24 Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:20 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Hedera (HBAR)</td>
<td>+23.26%</td>
<td>$0.2898</td>
</tr>
<tr>
<td>Flare (FLR)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+19.21%</td>
<td>$0.02182</td>
</tr>
<tr>
<td>XRP (XRP)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+18.76%</td>
<td>$3.64 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.79 trillion, following a 2.24% increase in the last 24 hours.
Stocks ascended to record levels on Thursday. The Dow Jones Industrial Average jumped 229.71 points, or 0.52%, to end at 44,254.78. The S&amp;P 500 rose 0.54% to close at a new record of 6,297.36. The tech-heavy Nasdaq Composite gained 0.57%, also experiencing a record close of 20,885.65.
Investors parsed the latest data on retail sales. June numbers <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46467952/us-retail-sales-june-2025-fed-trump-inflation-consumer">exceeded forecasts</a>, climbing 0.6% month-on-month after two consecutive decreases, indicating the resilience of the U.S. economy despite tariff-related pressures.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst and trader Ali Martinez highlighted the possibility of Bitcoin rallying toward $132,000 if it records a daily close above $121,000.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A daily close above $121,000 could pave the way for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> to rally toward $132,000! <a href="https://t.co/MOI30wi3BQ">pic.twitter.com/MOI30wi3BQ</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1945970768627867907?ref_src=twsrc%5Etfw">July 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Blockchain analytics firm CryptoQuant noted that the unrealized profit of short-term holders was around 15%, far from the 35% threshold that has historically triggered profit-taking behavior.
"As a result, there is still room for BTC to rise by approximately 20% to 25% before hitting that critical MVRV threshold again," CryptoQuant said.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">STH MVRV Signals More Upside Ahead for BTC "Every time the STH MVRV has reached around 1.35, it has triggered profit-taking behavior… There is still room for BTC to rise by approximately 20% to 25% before hitting that critical MVRV threshold again." – By <a href="https://twitter.com/Darkfost_Coc?ref_src=twsrc%5Etfw">@Darkfost_Coc</a> <a href="https://t.co/HPNehg5EJ8">pic.twitter.com/HPNehg5EJ8</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1945737091565994045?ref_src=twsrc%5Etfw">July 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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Photo Courtesy: PV productions on Shutterstock.com

$DOGE

Bitcoin, Ethereum, Dogecoin Rise As Crucial Crypto Bills Sail Through The US House: Analytics Firm Sees 20%-25% Upside For BTC Before Profit-Taking Kicks In

&nbsp;On July 17, 2025, Telomir Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TELO#NASDAQ">TELO</a>) reported new preclinical results evaluating the effects of its lead candidate, Telomir-1, &nbsp;in a murine xenograft model using PC3 human prostate cancer cells. The data demonstrated that Telomir-1 reversed epigenetic silencing by DNA methylation of the STAT1 gene, a tumor suppressor and immune response regulator, in a dose-dependent manner. &nbsp;

Telomir Pharmaceuticals Announced Earlier, Data Show Telomir-1 Reverses Epigenetic Gene Silencing of STAT1, Restoring Tumor Suppressor in Human Prostate Cancer Cells, Outperforming Chemotherapy and Rapamycin

After totaling his car, a Reddit user jumped back into the <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46324594/used%E2%80%91car-boom-prices-supercharging-carvana-autonation-stocks">used car market</a> hoping to find a decent replacement. What he found instead was sticker shock.
<h2 class="wp-block-heading">Prices For High-Mileage Cars Are Up. Way Up.</h2>
In a <a href="https://www.reddit.com/r/UsedCars/comments/1ly1eni/this_market_is_ridiculous/">post</a> titled &#8220;This Market Is Ridiculous,&#8221; the buyer recalled buying a 2006 Cadillac CTS with 64,000 miles back in 2012 for just $6,000. Now, more than a decade later, he's seeing base-model 2016 Honda Civics with 80,000 miles listed for $15,000, barely less than their original manufacturer's suggested retail price.
&#8220;So you&#8217;re telling me that car only lost $3,000 to $4,000 over 10 years and 100K miles? Get out of here!&#8221; he wrote. &#8220;There are no more starter cars that are safe, reliable, with less than 100K [miles] that are affordable anymore.&#8221;
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He's not alone in that sentiment. Hundreds of commenters chimed in, sharing their own frustrations about a market where decade-old cars with over 150,000 miles are still commanding $10,000 or more.
One user said they saw a &#8220;stock good condition late &#8217;90s Toyota just shy over 300k miles for $18k.&#8221; Another added, &#8220;Every time I save enough for an all-cash purchase, the prices go up and the quality of used cars in my price range goes down.&#8221;
<h2 class="wp-block-heading">COVID, Inflation And A Crushed Supply</h2>
Many in the thread blamed the inflated prices on the long-term effects of COVID-19. Factory shutdowns and chip shortages slashed new car production, which reduced future used car supply. Several commenters also pointed to the lingering impact of the 2009 &#8220;Cash for Clunkers&#8221; program, which removed hundreds of thousands of older vehicles from circulation.
&#8220;Covid was arguably worse because there was no replenishment supply due to supply chain issues,&#8221; one person explained. &#8220;Now the market for cars from the last decade are all 100K+ miles and largely still 5 figures.&#8221;
Trending: $100k+ in investable assets? <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes</a> – no cost, no obligation.
Others mentioned inflation and the devaluation of the dollar as culprits. &#8220;The price of vehicles hasn&#8217;t gone up, the value of the dollar has gone down,&#8221; one commenter argued. Another quipped, &#8220;$5,000 is the new $10,000.&#8221;
On top of that, President Donald Trump&#8216;s 25% auto tariffs are now <a href="https://www.benzinga.com/markets/tech/25/07/46314078/used-car-prices-see-biggest-surge-since-2022-as-trump-tariffs-shake-auto-market-report">shaking the market</a> even more. The Manheim Index, a key measure of used vehicle prices, surged 1.6% in June from May and is up 6.3% year-over-year—the sharpest rise since 2022, according to <a href="https://site.manheim.com/en/services/consulting/used-vehicle-value-index.html">Cox Automotive</a>.
&#8220;Tariffs really impacted new sales and supply, which impacted the used marketplace as well,&#8221; said Jeremy Robb, Cox Automotive's senior director of economic and industry insights. With fewer off-lease vehicles returning to the market, prices are staying elevated.
<h2 class="wp-block-heading">When Used Costs Nearly As Much As New</h2>
Several buyers reported skipping the used market entirely. &#8220;I said I&#8217;d &#8216;never&#8217; buy new,&#8221; one person wrote. &#8220;Maybe $7k less than new with 30-40K miles on it was all I could find a few years ago. Guess who bought new???&#8221;
See Also: 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>
Financing was also a factor. As <a href="https://www.benzinga.com/personal-finance/25/01/43074274/dave-ramsey-warns-asking-how-much-a-month-could-cost-you-10000-extra-on-your-car-purchase">interest rates on used car loans</a> hit double digits, many found that new vehicles offered better terms and warranties for a slightly higher sticker price. One buyer said they leased a new car for $20 more per month than a used one with 30,000 miles.
<h2 class="wp-block-heading">Deals Are Rare And Private Sales Are Competitive</h2>
A few commenters shared success stories, but they were often the result of aggressive searching, luck, or knowing the right people. One person scored a 2012 car for $800. Another found a 2006 Corolla in a small town 60 miles outside their metro area from a single-owner seller with full maintenance records.
Others gave up entirely. One parent said they paid $12,000 for a car with a $7,000-$8,000 value, only to have the engine blow within a year. The mechanic advised them to part it out. &#8220;It HURTS,&#8221; they wrote.
The original poster summed it up: &#8220;Honestly, can't justify spending my hard-earned money on purchasing a used car right now.&#8221;
Read Next: 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>
Image: Shutterstock

Personal Finance

A Used Car Buyer Is Baffled By Prices, Says There Are No More Affordable Safe And Reliable Starter Cars With Less Than 100K Miles

<a href="https://www.bloomberg.com/news/articles/2025-07-17/meta-hires-two-key-apple-ai-experts-after-poaching-their-boss?taid=68798bf3f71ade000190df83&amp;utm_campaign=trueanthem&amp;utm_content=business&amp;utm_medium=social&amp;utm_source=twitter&amp;sref=XIUS5d6L&amp;embedded-checkout=true" title="https://www.bloomberg.com/news/articles/2025-07-17/meta-hires-two-key-apple-ai-experts-after-poaching-their-boss?taid=68798bf3f71ade000190df83&amp;utm_campaign=trueanthem&amp;utm_content=business&amp;utm_medium=social&amp;utm_source=twitter&amp;sref=XIUS5d6L&amp;embedded-checkout=true">https://www.bloomberg.com/news/articles/2025-07-17/meta-hires-two-key-apple-ai-experts-after-poaching-their-boss?taid=68798bf3f71ade000190df83&amp;utm_campaign=trueanthem&amp;utm_content=business&amp;utm_medium=social&amp;utm_source=twitter&amp;sref=XIUS5d6L&amp;embedded-checkout=true</a>

AAPL

Bloomberg Reported Meta Hires Mark Lee, Tom Gunter, Two Key Apple AI Experts After Poaching Their Boss

Press Releases

CMCT Declares Preferred Stock Dividends

CMCT Announces Reverse Stock Split

Creative Media & Community Trust Announces Date for Its Fourth Quarter 2024 Earnings Release and Conference Call

Creative Media & Community Trust Corporation Reports 2024 Fourth Quarter Results

CMCT Announces Full Repayment of Credit Facility

Creative Media & Community Trust Announces Date for Its First Quarter 2025 Earnings Release and Conference Call

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