Bright Minds Biosciences Bolsa (NASDAQ: DRUG)

Últimas noticias sobre Bright Minds Biosciences (NASDAQ:DRUG) Bolsa

Bright Minds Biosciences

Bright Minds Biosciences Inc is focused on developing novel transformative treatments for neuropsychiatric disorders, epilepsy, and pain. The company has a portfolio of next-generation serotonin agonists designed to target neurocircuit abnormalities that are responsible for difficult to treat disorders such as resistant epilepsy, treatment resistant depression, PTSD, and pain. The company's drugs have been designed to potentially retain the powerful therapeutic aspects of psychedelic and other serotonergic compounds, while minimizing the side effects, thereby creating superior drugs to first-generation compounds, such as psilocybin.

Bright Minds Biosciences Inc. - common stock

Bright Minds Biosciences Inc

DRUG FREE SOLUTION INC by Drug Free Solution Inc.

Drug Free Solution Inc

Drugs Made In America Acquisition Corp. - Ordinary Shares

Drugs Made In America Acquisition Corp

Drugs Made In America Acquisition Corp. - Units

Drugs Made In America Acquisition Corp. - Rights

A <a href="https://www.benzinga.com/media/25/05/45541908/supermicro-eyes-texas-mississippi-for-ai-server-growth-as-microsoft-amazon-increase-spending">boom in artificial intelligence infrastructure</a> is raising environmental concerns in Texas, according to a new report from the Environmental Integrity Project (EIP).
With more than 100 new gas-fired power proposals under review, the state faces a notable uptick in air pollution, even as clean energy alternatives remain underutilized.
What Happened: The EIP report, published Wednesday, lays down the environmental risks created by a series of proposed gas power plants designed to supply electricity to <a href="https://www.benzinga.com/personal-finance/entrepreneurship/25/05/45705941/openai-secures-11-6b-for-texas-data-center-expansion-reducing-microsoft-dependence">data centers</a>, which require <a href="https://www.benzinga.com/markets/equities/25/06/45816468/ai-data-centers-are-eating-electricity-and-these-3-energy-stocks-could-be-the-biggest-winners-says-analyst">staggering amounts of energy</a>.
The Hill reports that more than 30 of these projects have already received permits, which the report claims were granted without much scrutiny. The facilities are mostly located around major urban hubs like Houston, the I-35 corridor, and West Texas oilfields.
Once developed to scale, these plants could emit pollution on par with 27 million additional vehicles, essentially doubling Texas' current fleet.
"To meet its increasing demand for electricity, Texas should be encouraging more clean energy instead of feeding public subsidies to dirty fossil fuels," said Jen Duggan, executive director of the Environmental Integrity Project.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45855959/amazon-to-invest-20-billion-in-2-pennsylvania-data-centers-governor-josh-shapiro-says-the-state-will-lead-on-us-china-ai-battle">Amazon To Invest $20 Billion In 2 Pennsylvania Data Centers, Governor Josh Shapiro Says The State Will &#8216;Lead&#8217; On US-China AI &#8216;Battle&#8217;</a>
Why It Matters: The emissions from these gas plants are likely to include cancer-linked chemicals such as benzene, ozone and nitrogen oxides that aggravate asthma, and PM 2.5, which are fine particles that reach deep into the lungs as per the report.
Despite their size, the EIP alleges that Texas regulators have misclassified at least three large facilities as minor polluters under the Clean Air Act, which exempts them from using the most advanced pollution controls.
Driven by crypto mining, data center expansion and oilfield operations, the state's energy demand is rising. Earlier this year, Texas lawmakers failed to pass legislation that would curb renewable energy growth.
"Everything is supposed to be bigger in Texas, but there's no need to go big with gas plant pollution when there are cleaner alternatives," said Adrian Shelley, Texas director at Public Citizen. "Texas is already number one in clean energy, which helps save the electric grid and reduce consumer costs, so we should rely on clean energy to increase our supply of electricity."
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45875791/trumps-ai-czar-david-sacks-dismisses-ai-chip-smuggling-fears-warns-over-regulation-could-hand-ai-dominance-to-china-we-talk-about-these-chips-like-they-could-be-smuggled-in-the-back-of-a">Trump&#8217;s AI Czar David Sacks Dismisses AI Chip Smuggling Fears, Warns Over-Regulation Could Hand AI Dominance To China: &#8216;We Talk About These Chips Like They Could Be Smuggled In The Back Of A Briefcase&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Politics

AI Data Centers Drive Gas Power Boom In Texas, Raising Pollution Risk Equal To 27 Million Cars: Report

The World Bank has significantly reduced&nbsp;its 2025 global growth forecast, pointing to the escalating trade tensions and policy uncertainty, particularly due to the wide-ranging tariffs imposed by U.S. President Donald Trump.
What Happened: The World Bank&#8217;s latest economic prospects report projects a global GDP growth of 2.3%, down from the 2.7% anticipated in January, <a href="https://www.scmp.com/news/world/article/3313910/world-bank-warns-slowest-global-growth-1960s-amid-trump-tariffs-trade-tensions?module=top_story&amp;pgtype=homepage">reported</a>&nbsp;South China Morning Post. According to Indermit Gill, the World Bank Group's chief economist, this marks the weakest performance in 17 years outside of global recessions. 
Fragmented trade relations and elevated policy uncertainty have weakened global growth and inflation outlooks for both this year and the next. &#8220;Without&nbsp;a swift course correction, the&nbsp;harm to living standards could&nbsp;be deep,&#8221; Gill cautioned.
The World Bank projects that by 2027, global GDP growth will average just 2.5% for the 2020s—its slowest pace since the 1960s. This bleak outlook follows Trump's April decision to impose a 10% tariff on imports from nearly all of the U.S.&#8217;s trading partners.
The World Bank suggested that developing countries could boost GDP growth by reducing tariffs for all trade partners and expanding trade deals to cover broader cross-border regulations.
"If the right policy actions are taken, this problem can be made to go away with limited long-term damage,&#8221; stated Gill.
SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45852346/elon-musk-recently-said-yes-to-impeaching-trump-and-the-odds-of-that-happening-in-2025-rose" target="_blank" rel="noreferrer noopener">Elon Musk Recently Said &#8216;Yes&#8217; To Impeaching Trump And The Odds Of That Happening In 2025 Rose On This Crypto Betting Market</a>
Why It Matters:&nbsp;The World Bank&#8217;s revised forecast comes amid ongoing trade tensions and policy uncertainty, which have been exacerbated by the tariffs imposed by the Trump administration. This development could have significant implications for global markets and economies, potentially leading to increased volatility and reduced investor confidence.
Earlier in 2025, Trump&nbsp;<a href="https://www.benzinga.com/markets/25/04/45124644/trump-blames-gdp-contraction-on-biden-overhang-nothing-to-do-with-the-tariffs">deflected blame</a>&nbsp;for the U.S. economy&#8217;s 0.3% contraction in the first quarter onto his predecessor, Joe Biden despite clear evidence indicating otherwise. This contraction was the first for the country in three years.
However, some experts, such as Tom Lee, co-founder and research head at Fundstrat Global Advisors, remain optimistic about the market&#8217;s future despite the recent volatility. Lee&nbsp;<a href="https://www.benzinga.com/25/05/45432465/tom-lee-says-economists-predicting-a-recession-with-certainty-are-dead-wrong-in-my-30-years-ive-never-seen-an-economist">identified key indicators</a>&nbsp;suggesting that the worst market decline may have passed and predicted a significant upside for stocks by 2026. 
Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) and SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) climbed 4.7% and 3.15% on a year-to-date basis.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/health-care/25/06/45845078/mercks-cholesterol-lowering-drug-hits-primary-goal-in-two-pivotal-trials" target="_blank" rel="noreferrer noopener">Merck&#8217;s Cholesterol Lowering Drug Hits Primary Goal In Two Pivotal Trials</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

<path d="M12.668 10.667C12.668 9.95614 12.668 9.46258 12.6367 9.0791C12.6137 8.79732 12.5758 8.60761 12.5244 8.46387L12.4688 8.33399C12.3148 8.03193 12.0803 7.77885 11.793 7.60254L11.666 7.53125C11.508 7.45087 11.2963 7.39395 10.9209 7.36328C10.5374 7.33197 10.0439 7.33203 9.33301 7.33203H6.5C5.78896 7.33203 5.29563 7.33195 4.91211 7.36328C4.63016 7.38632 4.44065 7.42413 4.29688 7.47559L4.16699 7.53125C3.86488 7.68518 3.61186 7.9196 3.43555 8.20703L3.36524 8.33399C3.28478 8.49198 3.22795 8.70352 3.19727 9.0791C3.16595 9.46259 3.16504 9.95611 3.16504 10.667V13.5C3.16504 14.211 3.16593 14.7044 3.19727 15.0879C3.22797 15.4636 3.28473 15.675 3.36524 15.833L3.43555 15.959C3.61186 16.2466 3.86474 16.4807 4.16699 16.6348L4.29688 16.6914C4.44063 16.7428 4.63025 16.7797 4.91211 16.8027C5.29563 16.8341 5.78896 16.835 6.5 16.835H9.33301C10.0439 16.835 10.5374 16.8341 10.9209 16.8027C11.2965 16.772 11.508 16.7152 11.666 16.6348L11.793 16.5645C12.0804 16.3881 12.3148 16.1351 12.4688 15.833L12.5244 15.7031C12.5759 15.5594 12.6137 15.3698 12.6367 15.0879C12.6681 14.7044 12.668 14.211 12.668 13.5V10.667ZM13.998 12.665C14.4528 12.6634 14.8011 12.6602 15.0879 12.6367C15.4635 12.606 15.675 12.5492 15.833 12.4688L15.959 12.3975C16.2466 12.2211 16.4808 11.9682 16.6348 11.666L16.6914 11.5361C16.7428 11.3924 16.7797 11.2026 16.8027 10.9209C16.8341 10.5374 16.835 10.0439 16.835 9.33301V6.5C16.835 5.78896 16.8341 5.29563 16.8027 4.91211C16.7797 4.63025 16.7428 4.44063 16.6914 4.29688L16.6348 4.16699C16.4807 3.86474 16.2466 3.61186 15.959 3.43555L15.833 3.36524C15.675 3.28473 15.4636 3.22797 15.0879 3.19727C14.7044 3.16593 14.211 3.16504 13.5 3.16504H10.667C9.9561 3.16504 9.46259 3.16595 9.0791 3.19727C8.79739 3.22028 8.6076 3.2572 8.46387 3.30859L8.33399 3.36524C8.03176 3.51923 7.77886 3.75343 7.60254 4.04102L7.53125 4.16699C7.4508 4.32498 7.39397 4.53655 7.36328 4.91211C7.33985 5.19893 7.33562 5.54719 7.33399 6.00195H9.33301C10.022 6.00195 10.5791 6.00131 11.0293 6.03809C11.4873 6.07551 11.8937 6.15471 12.2705 6.34668L12.4883 6.46875C12.984 6.7728 13.3878 7.20854 13.6533 7.72949L13.7197 7.87207C13.8642 8.20859 13.9292 8.56974 13.9619 8.9707C13.9987 9.42092 13.998 9.97799 13.998 10.667V12.665ZM18.165 9.33301C18.165 10.022 18.1657 10.5791 18.1289 11.0293C18.0961 11.4302 18.0311 11.7914 17.8867 12.1279L17.8203 12.2705C17.5549 12.7914 17.1509 13.2272 16.6553 13.5313L16.4365 13.6533C16.0599 13.8452 15.6541 13.9245 15.1963 13.9619C14.8593 13.9895 14.4624 13.9935 13.9951 13.9951C13.9935 14.4624 13.9895 14.8593 13.9619 15.1963C13.9292 15.597 13.864 15.9576 13.7197 16.2939L13.6533 16.4365C13.3878 16.9576 12.9841 17.3941 12.4883 17.6982L12.2705 17.8203C11.8937 18.0123 11.4873 18.0915 11.0293 18.1289C10.5791 18.1657 10.022 18.165 9.33301 18.165H6.5C5.81091 18.165 5.25395 18.1657 4.80371 18.1289C4.40306 18.0962 4.04235 18.031 3.70606 17.8867L3.56348 17.8203C3.04244 17.5548 2.60585 17.151 2.30176 16.6553L2.17969 16.4365C1.98788 16.0599 1.90851 15.6541 1.87109 15.1963C1.83431 14.746 1.83496 14.1891 1.83496 13.5V10.667C1.83496 9.978 1.83432 9.42091 1.87109 8.9707C1.90851 8.5127 1.98772 8.10625 2.17969 7.72949L2.30176 7.51172C2.60586 7.0159 3.04236 6.6122 3.56348 6.34668L3.70606 6.28027C4.04237 6.136 4.40303 6.07083 4.80371 6.03809C5.14051 6.01057 5.53708 6.00551 6.00391 6.00391C6.00551 5.53708 6.01057 5.14051 6.03809 4.80371C6.0755 4.34588 6.15483 3.94012 6.34668 3.56348L6.46875 3.34473C6.77282 2.84912 7.20856 2.44514 7.72949 2.17969L7.87207 2.11328C8.20855 1.96886 8.56979 1.90385 8.9707 1.87109C9.42091 1.83432 9.978 1.83496 10.667 1.83496H13.5C14.1891 1.83496 14.746 1.83431 15.1963 1.87109C15.6541 1.90851 16.0599 1.98788 16.4365 2.17969L16.6553 2.30176C17.151 2.60585 17.5548 3.04244 17.8203 3.56348L17.8867 3.70606C18.031 4.04235 18.0962 4.40306 18.1289 4.80371C18.1657 5.25395 18.165 5.81091 18.165 6.5V9.33301Z"></path>
<path d="M10.9153 1.83987L11.2942 1.88772L11.4749 1.91507C13.2633 2.24201 14.4107 4.01717 13.9749 5.78225L13.9261 5.95901L13.3987 7.6719C13.7708 7.67575 14.0961 7.68389 14.3792 7.70608C14.8737 7.74486 15.3109 7.82759 15.7015 8.03323L15.8528 8.11819C16.5966 8.56353 17.1278 9.29625 17.3167 10.1475L17.347 10.3096C17.403 10.69 17.3647 11.0832 17.2835 11.5098C17.2375 11.7517 17.1735 12.0212 17.096 12.3233L16.8255 13.3321L16.4456 14.7276C16.2076 15.6001 16.0438 16.2356 15.7366 16.7305L15.595 16.9346C15.2989 17.318 14.9197 17.628 14.4866 17.8408L14.2982 17.9258C13.6885 18.1774 12.9785 18.1651 11.9446 18.1651H7.33331C6.64422 18.1651 6.08726 18.1657 5.63702 18.1289C5.23638 18.0962 4.87565 18.031 4.53936 17.8867L4.39679 17.8203C3.87576 17.5549 3.43916 17.151 3.13507 16.6553L3.013 16.4366C2.82119 16.0599 2.74182 15.6541 2.7044 15.1963C2.66762 14.7461 2.66827 14.1891 2.66827 13.5V11.667C2.66827 10.9349 2.66214 10.4375 2.77569 10.0137L2.83722 9.81253C3.17599 8.81768 3.99001 8.05084 5.01397 7.77639L5.17706 7.73928C5.56592 7.66435 6.02595 7.66799 6.66632 7.66799C6.9429 7.66799 7.19894 7.52038 7.33624 7.2803L10.2562 2.16995L10.3118 2.08792C10.4544 1.90739 10.6824 1.81092 10.9153 1.83987ZM7.33136 14.167C7.33136 14.9841 7.33714 15.2627 7.39386 15.4746L7.42999 15.5918C7.62644 16.1686 8.09802 16.6134 8.69171 16.7725L8.87042 16.8067C9.07652 16.8323 9.38687 16.835 10.0003 16.835H11.9446C13.099 16.835 13.4838 16.8228 13.7903 16.6963L13.8997 16.6465C14.1508 16.5231 14.3716 16.3444 14.5433 16.1221L14.6155 16.0166C14.7769 15.7552 14.8968 15.3517 15.1624 14.378L15.5433 12.9824L15.8079 11.9922C15.8804 11.7102 15.9368 11.4711 15.9769 11.2608C16.0364 10.948 16.0517 10.7375 16.0394 10.5791L16.0179 10.4356C15.9156 9.97497 15.641 9.57381 15.2542 9.31253L15.0814 9.20999C14.9253 9.12785 14.6982 9.06544 14.2747 9.03225C13.8477 8.99881 13.2923 8.99807 12.5003 8.99807C12.2893 8.99807 12.0905 8.89822 11.9651 8.72854C11.8398 8.55879 11.8025 8.33942 11.8646 8.13772L12.6556 5.56741L12.7054 5.36331C12.8941 4.35953 12.216 3.37956 11.1878 3.2178L8.49054 7.93948C8.23033 8.39484 7.81431 8.72848 7.33136 8.88967V14.167ZM3.99835 13.5C3.99835 14.2111 3.99924 14.7044 4.03058 15.0879C4.06128 15.4636 4.11804 15.675 4.19854 15.833L4.26886 15.959C4.44517 16.2466 4.69805 16.4808 5.0003 16.6348L5.13019 16.6905C5.27397 16.7419 5.46337 16.7797 5.74542 16.8028C5.97772 16.8217 6.25037 16.828 6.58722 16.8311C6.41249 16.585 6.27075 16.3136 6.1712 16.0215L6.10968 15.8194C5.99614 15.3956 6.00128 14.899 6.00128 14.167V9.00296C5.79386 9.0067 5.65011 9.01339 5.53741 9.02737L5.3587 9.06057C4.76502 9.21965 4.29247 9.66448 4.09601 10.2412L4.06085 10.3584C4.00404 10.5705 3.99835 10.8493 3.99835 11.667V13.5Z"></path>
<path d="M12.6687 5.83304C12.6687 5.22006 12.6649 4.91019 12.6394 4.70413L12.6062 4.52542C12.4471 3.93179 12.0022 3.45922 11.4255 3.26272L11.3083 3.22757C11.0963 3.17075 10.8175 3.16507 9.99974 3.16507H8.0554C7.04558 3.16507 6.62456 3.17475 6.32982 3.26175L6.2097 3.30374C5.95005 3.41089 5.71908 3.57635 5.53392 3.78616L5.45677 3.87796C5.30475 4.0748 5.20336 4.33135 5.03392 4.91702L4.83763 5.6221L4.45677 7.01761C4.24829 7.78204 4.10326 8.31846 4.02318 8.73929C3.94374 9.15672 3.94298 9.39229 3.98119 9.56448L4.03587 9.75784C4.18618 10.1996 4.50043 10.5702 4.91771 10.7901L5.05052 10.8477C5.20009 10.9014 5.40751 10.9429 5.72533 10.9678C6.15231 11.0012 6.70771 11.002 7.49974 11.002C7.71076 11.002 7.90952 11.1018 8.0349 11.2715C8.14465 11.4201 8.18683 11.6067 8.15404 11.7862L8.13548 11.8623L7.34447 14.4326C7.01523 15.5033 7.71404 16.6081 8.81126 16.7813L11.5095 12.0606L11.5827 11.9405C11.8445 11.5461 12.2289 11.2561 12.6687 11.1094V5.83304ZM17.3318 8.33304C17.3318 8.97366 17.3364 9.43432 17.2615 9.82327L17.2234 9.98538C16.949 11.0094 16.1821 11.8233 15.1872 12.1621L14.9861 12.2237C14.5624 12.3372 14.0656 12.3321 13.3337 12.3321C13.0915 12.3321 12.8651 12.4453 12.7204 12.6348L12.6638 12.7198L9.74388 17.8301C9.61066 18.0631 9.35005 18.1935 9.08372 18.1602L8.70579 18.1123C6.75379 17.8682 5.49542 15.9213 6.07396 14.041L6.60033 12.3272C6.22861 12.3233 5.90377 12.3161 5.62083 12.294C5.18804 12.26 4.79914 12.1931 4.44701 12.0391L4.29857 11.9668C3.52688 11.5605 2.95919 10.8555 2.72533 10.0205L2.68333 9.85257C2.58769 9.42154 2.62379 8.97768 2.71654 8.49026C2.80865 8.00634 2.97082 7.41139 3.17357 6.668L3.55443 5.27249L3.74583 4.58011C3.9286 3.94171 4.10186 3.45682 4.40404 3.06546L4.53685 2.9053C4.85609 2.54372 5.25433 2.25896 5.70189 2.07425L5.93626 1.99222C6.49455 1.82612 7.15095 1.83499 8.0554 1.83499H12.6667C13.3558 1.83499 13.9128 1.83434 14.363 1.87112C14.8208 1.90854 15.2266 1.98789 15.6033 2.17972L15.821 2.30179C16.317 2.6059 16.7215 3.04226 16.987 3.56351L17.0535 3.70608C17.1977 4.04236 17.2629 4.40311 17.2956 4.80374C17.3324 5.25398 17.3318 5.81094 17.3318 6.50003V8.33304ZM13.9978 10.9961C14.3321 10.9901 14.5013 10.977 14.6413 10.9395L14.7585 10.9033C15.3353 10.7069 15.7801 10.2353 15.9392 9.64163L15.9724 9.46292C15.998 9.25682 16.0017 8.94657 16.0017 8.33304V6.50003C16.0017 5.78899 16.0008 5.29566 15.9695 4.91214C15.9464 4.6301 15.9086 4.44069 15.8572 4.2969L15.8015 4.16702C15.6475 3.86478 15.4133 3.6119 15.1257 3.43558L14.9997 3.36526C14.8418 3.28477 14.6302 3.228 14.2546 3.19729C14.0221 3.1783 13.7491 3.17109 13.4118 3.168C13.6267 3.47028 13.7914 3.81126 13.8904 4.18069L13.9275 4.34378C13.981 4.62163 13.9947 4.93582 13.9978 5.3262V10.9961Z"></path>
<path d="M9.75122 4.09203C9.75122 3.61482 9.21964 3.35044 8.84399 3.60277L8.77173 3.66039L6.55396 5.69262C6.05931 6.14604 5.43173 6.42255 4.7688 6.48461L4.48267 6.49828C3.52474 6.49851 2.74829 7.27565 2.74829 8.23363V11.7668C2.74829 12.7248 3.52474 13.501 4.48267 13.5012C5.24935 13.5012 5.98874 13.7889 6.55396 14.3069L8.77173 16.3401L8.84399 16.3967C9.21966 16.6493 9.75122 16.3858 9.75122 15.9084V4.09203ZM17.2483 10.0002C17.2483 8.67623 16.9128 7.43233 16.3235 6.34691L17.4924 5.71215C18.1849 6.9875 18.5784 8.4491 18.5784 10.0002C18.5783 11.5143 18.2033 12.9429 17.5413 14.1965C17.3697 14.5212 16.9675 14.6453 16.6428 14.4739C16.3182 14.3023 16.194 13.9001 16.3655 13.5754C16.9288 12.5086 17.2483 11.2927 17.2483 10.0002ZM13.9182 10.0002C13.9182 9.1174 13.6268 8.30445 13.135 7.64965L14.1985 6.85082C14.8574 7.72804 15.2483 8.81952 15.2483 10.0002L15.2336 10.3938C15.166 11.3044 14.8657 12.1515 14.3918 12.8743L14.3069 12.9797C14.0889 13.199 13.7396 13.2418 13.4709 13.0657C13.164 12.8643 13.0784 12.4528 13.2795 12.1457L13.4231 11.9084C13.6935 11.4246 13.8643 10.8776 13.9075 10.2942L13.9182 10.0002ZM13.2678 6.71801C13.5615 6.49772 13.978 6.55727 14.1985 6.85082L13.135 7.64965C12.9144 7.35599 12.9742 6.93858 13.2678 6.71801ZM16.5911 5.44555C16.9138 5.27033 17.3171 5.38949 17.4924 5.71215L16.3235 6.34691C16.1483 6.02419 16.2684 5.62081 16.5911 5.44555ZM11.0813 15.9084C11.0813 17.5226 9.22237 18.3912 7.9895 17.4202L7.87231 17.3205L5.65552 15.2873C5.33557 14.9941 4.91667 14.8313 4.48267 14.8313C2.7902 14.8311 1.41821 13.4594 1.41821 11.7668V8.23363C1.41821 6.54111 2.7902 5.16843 4.48267 5.1682L4.64478 5.16039C5.02003 5.12526 5.37552 4.96881 5.65552 4.71215L7.87231 2.67992L7.9895 2.58031C9.22237 1.60902 11.0813 2.47773 11.0813 4.09203V15.9084Z"></path>
<path d="M12.0303 4.11328C13.4406 2.70317 15.7275 2.70305 17.1377 4.11328C18.5474 5.52355 18.5476 7.81057 17.1377 9.2207L10.8457 15.5117C10.522 15.8354 10.2868 16.0723 10.0547 16.2627L9.82031 16.4395C9.61539 16.5794 9.39783 16.7003 9.1709 16.7998L8.94141 16.8916C8.75976 16.9582 8.57206 17.0072 8.35547 17.0518L7.59082 17.1865L5.19727 17.5859C5.05455 17.6097 4.90286 17.6358 4.77441 17.6455C4.67576 17.653 4.54196 17.6555 4.39648 17.6201L4.24707 17.5703C4.02415 17.4746 3.84119 17.3068 3.72559 17.0957L3.67969 17.0029C3.59322 16.8013 3.59553 16.6073 3.60547 16.4756C3.61519 16.3473 3.6403 16.1963 3.66406 16.0537L4.06348 13.6602C4.1638 13.0582 4.22517 12.6732 4.3584 12.3096L4.45117 12.0791C4.55073 11.8521 4.67152 11.6346 4.81152 11.4297L4.9873 11.1953C5.17772 10.9632 5.4146 10.728 5.73828 10.4043L12.0303 4.11328ZM6.67871 11.3447C6.32926 11.6942 6.14542 11.8803 6.01953 12.0332L5.90918 12.1797C5.81574 12.3165 5.73539 12.4618 5.66895 12.6133L5.60742 12.7666C5.52668 12.9869 5.48332 13.229 5.375 13.8789L4.97656 16.2725L4.97559 16.2744H4.97852L7.37207 15.875L8.08887 15.749C8.25765 15.7147 8.37336 15.6839 8.4834 15.6436L8.63672 15.5811C8.78817 15.5146 8.93356 15.4342 9.07031 15.3408L9.2168 15.2305C9.36965 15.1046 9.55583 14.9207 9.90527 14.5713L14.8926 9.58301L11.666 6.35742L6.67871 11.3447ZM16.1963 5.05371C15.3054 4.16304 13.8616 4.16305 12.9707 5.05371L12.6074 5.41602L15.833 8.64258L16.1963 8.2793C17.0869 7.38845 17.0869 5.94456 16.1963 5.05371Z"></path>
<path d="M4.58301 1.7832C4.72589 1.7832 4.84877 1.88437 4.87695 2.02441C4.99384 2.60873 5.22432 3.11642 5.58398 3.50391C5.94115 3.88854 6.44253 4.172 7.13281 4.28711C7.27713 4.3114 7.38267 4.43665 7.38281 4.58301C7.38281 4.7295 7.27723 4.8546 7.13281 4.87891C6.44249 4.99401 5.94116 5.27746 5.58398 5.66211C5.26908 6.00126 5.05404 6.43267 4.92676 6.92676L4.87695 7.1416C4.84891 7.28183 4.72601 7.38281 4.58301 7.38281C4.44013 7.38267 4.31709 7.28173 4.28906 7.1416C4.17212 6.55728 3.94179 6.04956 3.58203 5.66211C3.22483 5.27757 2.72347 4.99395 2.0332 4.87891C1.88897 4.85446 1.7832 4.72938 1.7832 4.58301C1.78335 4.43673 1.88902 4.3115 2.0332 4.28711C2.72366 4.17203 3.22481 3.88861 3.58203 3.50391C3.94186 3.11638 4.17214 2.60888 4.28906 2.02441L4.30371 1.97363C4.34801 1.86052 4.45804 1.78333 4.58301 1.7832Z"></path> 
<path d="M3.502 16.6663V13.3333C3.502 12.9661 3.79977 12.6683 4.16704 12.6683H7.50004L7.63383 12.682C7.93691 12.7439 8.16508 13.0119 8.16508 13.3333C8.16508 13.6547 7.93691 13.9227 7.63383 13.9847L7.50004 13.9984H5.47465C6.58682 15.2249 8.21842 16.0013 10 16.0013C13.06 16.0012 15.5859 13.711 15.9551 10.7513L15.9854 10.6195C16.0845 10.3266 16.3785 10.1334 16.6973 10.1732C17.0617 10.2186 17.3198 10.551 17.2745 10.9154L17.2247 11.2523C16.6301 14.7051 13.6224 17.3313 10 17.3314C8.01103 17.3314 6.17188 16.5383 4.83208 15.2474V16.6663C4.83208 17.0335 4.53411 17.3311 4.16704 17.3314C3.79977 17.3314 3.502 17.0336 3.502 16.6663ZM4.04497 9.24935C3.99936 9.61353 3.66701 9.87178 3.30278 9.8265C2.93833 9.78105 2.67921 9.44876 2.72465 9.08431L4.04497 9.24935ZM10 2.66829C11.9939 2.66833 13.8372 3.46551 15.1778 4.76204V3.33333C15.1778 2.96616 15.4757 2.66844 15.8428 2.66829C16.2101 2.66829 16.5079 2.96606 16.5079 3.33333V6.66634C16.5079 7.03361 16.2101 7.33138 15.8428 7.33138H12.5098C12.1425 7.33138 11.8448 7.03361 11.8448 6.66634C11.8449 6.29922 12.1426 6.0013 12.5098 6.0013H14.5254C13.4133 4.77488 11.7816 3.99841 10 3.99837C6.93998 3.99837 4.41406 6.28947 4.04497 9.24935L3.38481 9.16634L2.72465 9.08431C3.17574 5.46702 6.26076 2.66829 10 2.66829Z"></path>
<path d="M15.2793 7.5293C15.539 7.2696 15.961 7.2696 16.2207 7.5293C16.4804 7.78899 16.4804 8.211 16.2207 8.4707L10.4707 14.2207C10.211 14.4804 9.78896 14.4804 9.52926 14.2207L3.77926 8.4707L3.6943 8.36621C3.52379 8.10808 3.55199 7.75656 3.77926 7.5293C4.00653 7.30203 4.35804 7.27383 4.61617 7.44434L4.72067 7.5293L9.99996 12.8086L15.2793 7.5293Z"></path>

News

Markets

World Bank Slashes Global Growth Forecast To Lowest Since 1960s Amid Trump Tariffs: 'If The Right Policy Actions Are Taken...'

Oxford Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) will release earnings results for the first quarter, after the <a href="https://www.benzinga.com/quote/OXM/earnings">closing bell on Wednesday, June 11.</a>
Analysts expect the Atlanta, Georgia-based company to report quarterly earnings at $1.82 per share, down from $2.66 per share in the year-ago period. Oxford Industries projects to report quarterly revenue at $384.77 million, compared to $398.18 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 27, Oxford Industries posted weaker-than-expected earnings for the fourth quarter.
Oxford Industries shares fell 0.5% to close at $54.74 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/oxm/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating with a price target of $52 on June 5, 2025. This analyst has an accuracy rate of 60%.</li>
<li>Citigroup analyst Paul Lejuez maintained a Sell rating and cut the price target from $52 to $47 on April 7, 2025. This analyst has an accuracy rate of 64%.</li>
</ul>
Considering buying OXM stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/OXM/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="570" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11042842/image-153-1024x570.png" alt="" class="wp-image-945759" style="width:635px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11042842/image-153-1024x570.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11042842/image-153-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11042842/image-153-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11042842/image-153.png 1163w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45858699/top-2-tech-and-telecom-stocks-you-may-want-to-dump-in-q2">Top 2 Tech And Telecom Stocks You May Want To Dump In Q2</a> </li>
</ul>
Photo via Shutterstock

Earnings

Price Target

Analyst Ratings

Trading Ideas

Oxford Industries Likely To Report Lower Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

<h3>Companies Reporting Before The Bell</h3>
• Victoria's Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) is projected to report quarterly earnings at $0.09 per share on revenue of $1.35 billion. 
• SailPoint (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIL#NASDAQ">SAIL</a>) is expected to report quarterly loss at $0.01 per share on revenue of $225.16 million. 
• Vera Bradley (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRA#NASDAQ">VRA</a>) is expected to report quarterly loss at $0.12 per share on revenue of $53.48 million. 
• Cognyte Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNT#NASDAQ">CGNT</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $94.22 million. 
• J.Jill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JILL#NYSE">JILL</a>) is expected to report quarterly earnings at $0.87 per share on revenue of $156.77 million. 
• WisdomTree International LargeCap Dividend Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOL#NYSE">DOL</a>) is projected to report quarterly earnings at $0.84 per share on revenue of $1.50 billion. 
• Chewy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) is likely to report quarterly earnings at $0.34 per share on revenue of $3.08 billion. 
<h3>Companies Reporting After The Bell</h3>
• Oxford Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) is projected to report quarterly earnings at $1.82 per share on revenue of $384.77 million. 
• Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) is expected to report quarterly earnings at $1.64 per share on revenue of $15.58 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CGNT

CHWY

WisdomTree Trust International LargeCap Dividend

JILL

ORCL

SAIL

VSCO

Earnings Scheduled For June 11, 2025

On Tuesday, investor Ross Gerber criticized Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) CEO David Zaslav for his leadership, calling the company's <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45845734/warner-bros-discoverys-long-predicted-split-is-now-official">planned split into two independent public companies</a> a result of a series of poor decisions.
What Happened: Chris Bakke, the founder of Laskie, which was later acquired by Twitter, took to X and said that McKinsey &amp; Company had been paid millions for advising WBD on various decisions over the years.
He said McKinsey billed WBD $55 million in 2022 to advise on a potential merger with Discovery. Then, from 2022 to 2025, McKinsey charged $37 million for advising on rebranding HBO Max multiple times (first to Max, then back to HBO Max).
In 2025, McKinsey charged an additional $63 million to recommend that Warner Bros. and Discovery be separated again, Bakke stated.
Gerber, CEO and co-founder of Gerber Kawasaki, shared Bakke's post, criticizing Zaslav's leadership and stating that Zaslav has "created zero value" despite being one of the highest-paid CEOs.
&#8220;Zaslav is one of the highest paid CEOs in the world. He's created zero value with this garbage merger and one bad decision after the next,&#8221; he posted.
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/03/44350512/apples-ai-crisis-reaches-boiling-point-ahead-of-top-100-executive-retreat-tim-cook-and-key-execs-called-out-over-siri-failure-by-top-analyst" target="_blank" rel="noreferrer noopener">Apple&#8217;s AI Crisis Reaches Boiling Point Ahead Of Top 100 Executive Retreat — Tim Cook And Key Execs Called Out Over Siri Failure By Top Analyst</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Zaslav is one of the highest paid CEOs in the world. He's created zero value with this garbage merger and one bad decision after the next. <a href="https://twitter.com/search?q=%24wbd&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$wbd</a> <a href="https://t.co/MMymWIRsyO">https://t.co/MMymWIRsyO</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1932540950741746133?ref_src=twsrc%5Etfw">June 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: On Monday, Warner Bros. Discovery Inc. <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45872075/why-warner-bros-discovery-wbd-stock-is-volatile-today">announced plans to split</a> into two separate companies by mid-2026, one focusing on streaming and studios and the other on global television networks.
CEO Zaslav is set to oversee the streaming and studios division, which encompasses HBO, Warner Bros. film properties and Max. Meanwhile, CFO Gunnar Wiedenfels will take on the role of CEO for the newly formed network unit, which includes CNN, Discovery and TNT Sports.
Last month, Warner Bros. Discovery released its <a href="https://www.benzinga.com/25/05/45298158/warner-bros-stock-falls-as-weak-studio-ad-sales-weigh-on-q1-despite-streaming-gains">fiscal first-quarter earnings</a>, reporting a 9% year-over-year revenue decline (excluding foreign exchange) to $8.98 billion, falling short of the $9.60 billion analyst estimate.
The company also closed the quarter with 122.3 million subscribers, up from 99.6 million a year earlier.
Streaming revenue rose 9% ex-FX to $2.66 billion, while distribution revenue climbed 8% ex-FX, driven by a 23% jump in subscribers fueled by Max's global expansion and new domestic distribution agreements.
According to Benzinga's Edge Stock Rankings, WBD continues to show solid price momentum in the short and long term, though it trends downward over the medium term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance data is available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11035338/Screenshot-2025-06-11-at-12.50.31%E2%80%AFPM.png" alt="" class="wp-image-945719" /></a></figure>
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&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.

Equities

Ross Gerber Calls Out Warner Bros. Discovery CEO David Zaslav, Saying He's Created 'Zero Value' After The Conglomerate Announced Plans To Split Into Two Companies By 2026

Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) will release earnings results for the fourth quarter, after the closing <a href="https://www.benzinga.com/quote/orcl/earnings">bell on Wednesday, June 11.</a>
Analysts expect the Austin, Texas-based company to report quarterly earnings at $1.64 per share, up from $1.63 per share in the year-ago period. Oracle projects to report quarterly revenue at $15.59 billion, compared to $14.29 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
The company has missed revenue estimates in two straight quarters and missed estimates in seven of the past 10 quarters overall.
Oracle shares gained 0.2% to close at $177.48 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/orcl/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Citigroup analyst Tyler Radke maintained a Neutral rating and raised the price target from $160 to $186 on June 9, 2025. This analyst has an accuracy rate of 71%.</li>
<li>Morgan Stanley analyst Keith Weiss maintained an Equal-Weight rating and increased the price target from $160 to $175 on June 9, 2025. This analyst has an accuracy rate of 76%.</li>
<li>Jefferies analyst Brent Thill maintained a Buy rating and increased the price target from $190 to $200 on June 9, 2025. This analyst has an accuracy rate of 77%.</li>
<li>BMO Capital analyst Keith Bachman maintained a Market Perform rating and increased the price target from $175 to $200 on June 9, 2025. This analyst has an accuracy rate of 83%.</li>
<li>Guggenheim analyst John Difucci reiterated a Buy rating with a price target of $220 on June 5, 2025. This analyst has an accuracy rate of 70%.</li>
</ul>
Considering buying ORCL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/ORCL/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="586" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11041513/image-152-1024x586.png" alt="" class="wp-image-945739" style="width:612px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11041513/image-152-1024x586.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11041513/image-152-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11041513/image-152-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11041513/image-152.png 1138w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45858699/top-2-tech-and-telecom-stocks-you-may-want-to-dump-in-q2">Top 2 Tech And Telecom Stocks You May Want To Dump In Q2</a> </li>
</ul>
Photo via Shutterstock

Oracle Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Vision Marine Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) ("Vision Marine" or the "Company"), a pioneer in high-voltage electric marine propulsion systems, today announced a major milestone in its U.S. scale-up strategy: the expansion of its longstanding partnership with Octillion Power Systems, a top-tier U.S.-based lithium-ion battery manufacturer, to produce Vision-branded high-voltage battery packs dedicated exclusively to the American market.
&nbsp;
Under the terms of the agreement, Octillion will assemble Vision Marine's new proprietary 45.36 kWh battery packs at its state-of-the-art facility in Nevada, aiding in fast, cost-efficient distribution across North America. These batteries are designed to support both Vision Marine's OEM integrations and consumer-facing electric boat offerings, delivering increased power, extended range, and improved performance-while reducing total system cost and simplifying logistics.
This renewed and enhanced partnership establishes a partial U.S. supply chain for Vision Marine's proprietary E-Motion&#x2122; 180E electric outboard system, unlocking key efficiencies. In addition to supporting factory integration with third-party manufacturers, the partnership provides a reliable and consistent battery supply for Vision Marine's direct-to-consumer electric boat sales, including those produced under formal production agreements with multiple established boat manufacturers. These vessels are sold through Vision Marine's channels while retaining the original manufacturer's branding, enabling broad market reach without altering brand identity.

VMAR

Vision Marine Expands US Battery Production With Octillion To Power Next-Gen Electric Boats

The Pentagon slashed its Air Force F-35 fighter jet request from 48 to 24 aircraft, delivering a significant blow to Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) amid sweeping defense budget cuts.
What Happened: A Defense Department procurement document sent to Congress this week reduced the Air Force&#8217;s F-35A request by half from last year&#8217;s forecast. The service now plans to request $3.5 billion for the aircraft plus $531 million for advance procurement of materials, <a href="https://www.bloomberg.com/news/articles/2025-06-11/pentagon-slashes-in-half-its-request-for-air-force-f-35s?ref=biztoc.com">reported</a> Bloomberg.
The cut reflects compliance with Defense Secretary Pete Hegseth&#8217;s directive to reduce projected military spending by 8% annually over five years. Hegseth&#8217;s February memo ordered senior Pentagon officials to <a href="https://www.benzinga.com/25/02/43836832/trump-administration-orders-sweeping-pentagon-cuts-defense-sector-stocks-on-watch">develop budget reduction plans</a> by Feb. 24, exempting nuclear weapons modernization, missile defense, submarines and drone programs while leaving manned aircraft unprotected.
The Navy will request $1.95 billion for 12 carrier-variant F-35s, down from 17 approved this fiscal year, plus $401.5 million for advance procurement. The Marines plan to seek $1.78 billion for 11 planes, reduced by two from current funding levels, with an additional $113.7 million for materials.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/45876964/elon-musk-took-a-113-billion-hit-over-trumps-doge-mission-calls-it-worth-it">Elon Musk Took A $113 Billion Hit Over Trump&#8217;s DOGE Mission: Calls It &#8216;Worth It&#8217;</a>
Why It Matters: The F-35 program has faced mounting criticism under President Trump. Elon Musk said in December that &#8220;some idiots are still building manned fighter jets like the F-35&#8221; in an age of drones. Right-wing influencer Laura Loomer called the program &#8220;a scandal that&#8217;s quietly draining our nation&#8217;s resources while compromising our military readiness.&#8221;
The F-35 represents a roughly $2 trillion commitment, including $1.5 trillion for decades of support and $485 billion for development and procurement of 2,456 jets. Approximately 967 have been contracted, with 747 delivered. The Air Force originally planned to acquire 1,763 F-35As.
The cuts align with broader <a href="https://www.benzinga.com/markets/equities/25/04/44755181/pentagon-slashes-5-1-billion-in-accenture-deloitte-booz-allen-contracts-thats-a-lot-of-consulting">Pentagon cost-reduction efforts</a>, including $5.1 billion in terminated consulting contracts with firms like Accenture PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) and Booz Allen Hamilton Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>). Congressional supporters of Lockheed Martin may attempt to restore funding as the budget moves through legislative review. 
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/06/45876953/cathie-woods-ark-invest-projects-2-5-trillion-valuation-for-elon-musks-spacex-by-2030-7x-growth-through-mars-starlink-optimus">Cathie Wood&#8217;s ARK Invest Projects $2.5 Trillion Valuation For Elon Musk&#8217;s SpaceX By 2030—7x Growth Through Mars, Starlink, Optimus</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: MC MEDIASTUDIO / Shutterstock.com

Lockheed Martin Hit As Pentagon Slashes Air Force's F-35 Order In Half Amid Budget Cuts

Defense tech giant Anduril Industries will pursue a public offering, as CEO Palmer Luckey confirmed the company&#8217;s initial public offering plans during an interview.
What Happened: &#8220;We are definitely going to be a publicly traded company,&#8221; Luckey <a href="https://www.youtube.com/watch?v=1rOfG7XBUuI">told</a> CNBC. He emphasized that Anduril is &#8220;running this company to be the shape of a publicly traded company,&#8221; citing the necessity for public status to compete for massive defense contracts.
Luckey specifically referenced potential trillion-dollar programs like the F-35 Joint Strike Fighter, stating, &#8220;there&#8217;s not really a path to a company like Anduril winning things in the shape of let&#8217;s say a trillion dollar F-35 joint strike fighter contract as a private company.&#8221;
The IPO confirmation comes as Anduril <a href="https://www.benzinga.com/markets/market-summary/25/06/45810158/anduril-raises-2-5-billion-at-30-5-billion-valuation-doubling-in-a-year-as-defense-contracts-grow">reaches new valuation heights</a>. The Southern California-based defense contractor recently raised $2.5 billion at a $30.5 billion valuation, more than doubling from last year&#8217;s $14 billion mark. Founders Fund, backed by billionaire Peter Thiel, led the round with a record $1 billion commitment.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45876224/youtube-contributed-55-billion-to-us-gdp-new-report-reveals-the-creator-economy-is-just-getting-started-says-ceo-neal-mohan" target="_blank" rel="noreferrer noopener">YouTube Contributed $55 Billion To US GDP, New Report Reveals: ‘The Creator Economy Is Just Getting Started,' Says CEO Neal Mohan</a>
Why It Matters: Anduril specializes in autonomous defense systems, including drones, battlefield software, and AI-powered military wearables. The company operates Arsenal-1, its Columbus, Ohio, manufacturing facility designed for rapid mass production of aerial and maritime drones.
Recent partnerships underscore Anduril&#8217;s market positioning. The company partnered with Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) to develop AI-enabled combat headsets and <a href="https://www.benzinga.com/markets/equities/24/12/42640010/palantir-and-anduril-reportedly-lead-consortium-partner-with-spacex-and-openai-to-compete-against-traditional-defense-contractors-in-850-billion-us-military-market">joined a consortium</a> with Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) targeting the $850 billion U.S. defense budget. 
The group includes discussions with SpaceX and OpenAI to challenge traditional contractors like Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>).
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/macro-notification/25/06/45876366/howard-lutnick-says-us-and-china-reached-a-framework-to-implement-geneva-consensus-following-trump-xi-call-csi-300-index-gains" target="_blank" rel="noreferrer noopener">Howard Lutnick Says US And China ‘Reached A Framework' To Implement Geneva Consensus Following Trump-Xi Call — CSI 300 Index Gains</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Tada Images / Shutterstock.com

IPOs

PLTR

Anduril CEO Palmer Luckey Confirms IPO Plans To Compete For Trillion-Dollar Defense Contracts: 'We Are Definitely Going To Be A Publicly Traded...'

On Wednesday, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX CEO Elon Musk said he regretted some of his posts about Donald Trump.
What Happened: Musk took to his social media platform, X, formerly Twitter, and said, "I regret some of my posts about President Donald Trump last week. They went too far."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I regret some of my posts about President <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> last week. They went too far.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1932695486684950962?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Tensions between Musk and Trump escalated last week after Musk publicly criticized the president's administration over what he called the "<a href="https://www.benzinga.com/news/25/05/45635854/elon-musk-disappointed-with-trumps-big-beautiful-bill-says-it-undermines-the-work-that-the-doge-team-is-doing">One Big Beautiful Bill</a>."
In retaliation, Trump threatened to cancel billions of dollars in federal contracts awarded to Musk's companies, including SpaceX and Tesla.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45807465/dan-ives-calls-musk-trump-feud-a-twilight-zone-moment-but-bullish-on-tesla-and-autonomous-future-not-good-for-either-side" target="_blank" rel="noreferrer noopener">Dan Ives Calls Musk-Trump Feud A ‘Twilight Zone Moment' But Bullish On Tesla And Autonomous Future: ‘Not Good For Either Side'</a>
The situation intensified when Musk made a provocative social media post suggesting <a href="https://www.benzinga.com/news/politics/25/06/45828121/elon-musks-bombshell-about-donald-trump-in-epstein-docs-heres-the-truth-behind-the-claim">Trump was linked to the</a> Jeffrey Epstein files. Trump was reportedly angered by the implication, as well as Musk's statement that his 2024 victory was partly due to Musk's support and political donations.
Musk <a href="https://www.benzinga.com/news/politics/25/06/45829511/elon-musk-scrubs-his-social-media-of-trump-related-posts-amid-public-feud">later deleted some of the posts</a>, including the one linking Trump to Epstein, and stated he would "apologize profusely as soon as there is a full dump of the Epstein files."
Earlier, it was also reported that <a href="https://www.benzinga.com/news/politics/25/06/45829416/trump-allegedly-calling-people-to-claim-elon-musk-has-serious-drug-problem-big-time-drug-addict">Trump has been calling Musk</a> a "big-time drug addict" in private discussions.
The White House did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
Why It's Important: Last week, Tesla shares plunged 14.3% to $284.70 on Thursday—its second-largest percentage drop in over a year—<a href="https://www.benzinga.com/markets/25/06/45827390/musk-vs-trump-tesla-suffers-record-152b-one-day-crash-as-ceo-warns-tariffs-will-cause-a-recession-up">wiping out $152 billion</a> in market value, the biggest single-day loss in company history.
The sharp decline was a result of the intensifying feud between Musk and Trump.
However, despite these tensions, Dan Ives, managing director at Wedbush Securities, maintained his bullish stance on Tesla.&nbsp;
"I still believe they're allies and it <a href="https://www.benzinga.com/markets/tech/25/06/45827094/dan-ives-weighs-in-on-musk-trump-drama-says-stock-reaction-overblown-i-still-believe-theyre-allies">doesn't change my view</a> that the regulatory road map is going to be more greenlighted for Tesla," he stated then, adding, "I don't think that this is the beginning of a dark storm between Musk and Trump."
Price Action: Tesla shares dipped 0.30% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga&#8217;s Edge Stock Rankings show an upward trajectory for Tesla 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">Additional 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/2025/06/11034537/Screenshot-2025-06-11-at-12.56.48%E2%80%AFPM.png" alt="" class="wp-image-945707" /></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

Government

TSLA

Elon Musk Says He 'Regrets' War Of Words With Trump: 'Went Too Far'

President Donald Trump will sign a resolution that will nix the California EV mandate on Thursday.
What Happened: Trump will sign a resolution of disapproval that bars the mandate, which has been adopted by 11 other states in the U.S and aims to phase out ICE-powered vehicles by 2035, Reuters reported on Tuesday.
The White House has invited several officials from the Automotive industry on Thursday to witness the signing, the report suggests. Trump will also sign a resolution that requires heavy-duty trucks in the state to be zero-emission vehicles.
California Governor Gavin Newsom has vowed to challenge the resolution in court, which he says could add over $45 billion to California residents.
Why It Matters: The news could prove to be a relief for several automakers in the U.S. Recently, General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) sent out a company-wide email to employees, which reiterated the company's <a href="https://www.benzinga.com/25/05/45488137/general-motors-wants-to-overturn-californias-aggressive-ev-mandate-as-demand-slows-in-the-us-report">stance on the mandate</a>.
"Emissions standards that are not aligned with market realities pose a serious threat to our business by undermining consumer choice and vehicle affordability," GM said.
House GOP representatives want to axe the <a href="https://www.benzinga.com/tech/25/05/45277309/house-gop-representatives-want-to-axe-federal-ev-credit-amid-trumps-tax-cuts-report">$7500 Federal EV credit</a>, as part of the Big, Beautiful Bill, which has been met with criticism from automakers who propose a more gradual phasing out instead.
The U.S. EV market has also seen a 10.6% YoY growth in Q1 2025 sales, where Elon Musk's Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) remained a market leader. Musk had criticized Trump's Big Beautiful Bill, but the White House said it would be <a href="https://www.benzinga.com/news/politics/25/06/45764422/white-house-says-trump-is-sticking-to-the-big-beautiful-bill-despite-elon-musks-sharp-criticism-it-doesnt-change-the-presidents-opinion">sticking to its guns</a>.
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/25/06/45852837/trump-says-he-wont-ditch-tesla-model-s-or-starlink-as-feud-with-elon-musk-cools-i-wish-him-well">Trump Says He Won&#8217;t Ditch Tesla Model S Or Starlink As Feud With Elon Musk Cools: &#8216;I Wish Him Well&#8217;</a></li>
</ul>
Photo courtesy: Joey Sussman / Shutterstock.com

Trump To Sign Resolution Barring California EV Mandate Adopted By 11 Other States: Report

SailPoint, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIL#NASDAQ">SAIL</a>) will release its first-quarter financial results before the opening bell on <a href="https://www.benzinga.com/quote/SAIL/earnings">Wednesday, June 11</a>.
Analysts expect the Austin, Texas-based company to report a quarterly loss at 1 cent per share. SailPoint projects quarterly revenue of $225.16 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 26, SailPoint reported fourth-quarter fiscal 2025 revenue growth of 18% year-on-year to $240.12 million, compared to analyst consensus estimates of $235.26 million.
SailPoint shares gained 2.5% to close at $19.65 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/sail/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Barclays analyst Saket Kalia maintained an Overweight rating and cut the price target from $27 to $23 on June 3, 2025. This analyst has an accuracy rate of 79%.</li>
<li>Mizuho analyst Gregg Moskowitz maintained a Neutral rating and lowered the price target from $25 to $24 on May 15, 2025. This analyst has an accuracy rate of 73%.</li>
<li>Morgan Stanley analyst Keith Weiss maintained an Equal-Weight rating and cut the price target from $26 to $25 on April 16, 2025. This analyst has an accuracy rate of 76%.</li>
<li>Wells Fargo analyst Andrew Nowinski initiated coverage on the stock with an Equal-Weight rating and a price target of $16 on April 14, 2025. This analyst has an accuracy rate of 70%</li>
<li>RBC Capital analyst Matthew Hedberg initiated coverage on the stock with an Outperform rating and a price target of $27 on March 10, 2025. This analyst has an accuracy rate of 75%.</li>
</ul>
Considering buying SAIL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/sail/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="601" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11034249/image-150-1024x601.png" alt="" class="wp-image-945704" style="width:624px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11034249/image-150-1024x601.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11034249/image-150-300x176.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11034249/image-150-768x451.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11034249/image-150.png 1087w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45858699/top-2-tech-and-telecom-stocks-you-may-want-to-dump-in-q2">Top 2 Tech And Telecom Stocks You May Want To Dump In Q2</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

Top Wall Street Forecasters Revamp SailPoint Expectations Ahead Of Q1 Earnings

Veteran short seller Jim Chanos on Tuesday blasted the financial instruments employed by Michael Saylor&#8217;s company, Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), to sustain its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) play.
What happened: In an X post, Chanos argued that Saylor wants investors to value Strategy not only based on the net asset value of its Bitcoin holdings at market prices, i.e., NAV, but also to apply a multiple to the change in that NAV.
"It's like claiming that your house, which increased in market value last year from $450,000 to $500,000, is actually worth $1.5 million, because you also have to put a 20x multiple on the $50,000 increase," Chanos said.
<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">This is of course, complete financial gibberish. Mr. Saylor wants you to value his business based not only on the net value of his Bitcoin holdings (NAV) at market, but additionally with a multiple on the change in that NAV! Because now he can leverage his balance sheet, lol. <a href="https://t.co/DOiEe4aJXn">https://t.co/DOiEe4aJXn</a>
&mdash; James Chanos (@RealJimChanos) <a href="https://twitter.com/RealJimChanos/status/1932497480547250574?ref_src=twsrc%5Etfw">June 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The sharp reaction followed Saylor&#8217;s criticism of Chanos&#8217; long Bitcoin, short Strategy position during a Bloomberg interview.
"I don't think he understands what our business model is," Saylor said. "What he still doesn't understand is that we are not a holding company or a closed-end trust, we are an operating company."
Saylor argued that, unlike trusts, Strategy can employ corporate maneuvers, such as selling preferred stock, to neutralize strategies such as those recommended by Chanos.
He said that if the premium to the value of Bitcoin holdings declines significantly, the company will issue preferred stock and buy back the common stock. "And if the stock rallies up, he's going to get liquidated and wiped out."
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — &#8216;Gold Used To Be That Money, BTC Is The Challenger&#8217;</a>
Chanos deemed these remarks as "complete financial gibberish," noting that Saylor's policies haven't changed Strategy's NAV significantly since the company pivoted to a Bitcoin standard in 2020.
Why It Matters: Chanos revealed an <a href="https://www.benzinga.com/short-sellers/25/05/45483508/jim-chanos-goes-long-bitcoin-short-microstrategy-in-arbitrage-bet-against-retail-speculation">arbitrage opportunity</a> in shorting Strategy&#8217;s stock while buying Bitcoin last month, suggesting that the stock&#8217;s premium over Bitcoin&#8217;s value is not justified.
For context, a NAV premium refers to the difference between Strategy's market capitalization and the value of its Bitcoin holdings. It is seen as a gauge of investor sentiment toward Bitcoin and the company's approach. As of this writing, the <a href="https://www.strategy.com/notes">NAV </a>stood at 1.87.
Strategy has led Bitcoin&#8217;s corporate adoption, <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45837005/strategy-buys-another-110-million-in-bitcoin-now-holds-582000-btc">building its reserve</a> with proceeds from common stock, preferred stock, and convertible bond issuances. The firm held a stash worth $63.4 billion as of this writing, <a href="https://bitcointreasuries.net/">according </a>to bitcointreasuries.net.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $109,486.50, down 0.10% 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>.&nbsp;
Shares of MSTR were up 0.33% in after-hours trading after closing 0.24% lower at $391.18 during Tuesday&#8217;s regular trading session.
MSTR demonstrated a very high momentum score—a measure of the stock's relative strength based on its price movement patterns and volatility over multiple timeframes—as of this writing. To find out how MSTR compares against other cryptocurrency-related stocks on different metrics, visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="882" height="634" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11032752/image-149.png" alt="" class="wp-image-945689" style="width:615px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11032752/image-149.png 882w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11032752/image-149-300x216.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11032752/image-149-768x552.png 768w" sizes="(max-width: 882px) 100vw, 882px" /></a></figure>
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45739199/american-politicians-dont-believe-bitcoin-can-co-exist-peacefully-with-the-dollar-says-this-popular-btc-maximalist-heres-why">American Politicians Don&#8217;t Believe Bitcoin Can &#8216;Co-Exist Peacefully&#8217; With The Dollar, Says This Popular BTC Maximalist: Here&#8217;s Why</a></li>
</ul>
Photo courtesy: PJ McDonnell / Shutterstock.com

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

Cryptocurrency

Short Sellers

$BTC

MSTR

Michael Saylor Says Jim Chanos Doesn't Understand Strategy's Model, Criticizes Long Bitcoin, Short MSTR Trade—Short Seller Hits Back With 'Financial Gibberish' Remark

Sen. Josh Hawley (R-Mo.) and Peter Welch (D-Vt.) have proposed legislation to raise the federal minimum wage from its current rate of $7.25 to $15 per hour.
What Happened: The Higher Wages for American Workers Act, introduced by Senators Hawley and Welch on Tuesday, aims to increase the federal minimum wage to $15 per hour and tie future increases to inflation. Currently, the inflation-adjusted federal minimum wage is at its lowest level since the 1940s. This proposal is part of Hawley&#8217;s wider &#8220;Pro-Worker Framework for the 119th Congress,&#8221; which includes strengthening protections for union jobs and collective bargaining.
&#8220;For&nbsp;decades, working Americans have seen&nbsp;their wages flatline. One major&nbsp;culprit of this is the&nbsp;failure of&nbsp;the federal minimum wage to&nbsp;keep up with the economic&nbsp;reality facing hardworking Americans every&nbsp;day,&#8221; said Senator Hawley.
If enacted this year, the bill would raise the federal minimum wage to $15 per hour beginning in January 2026, with future increases tied to inflation. 
Senator Hawley&#8217;s support for raising the federal minimum wage marks a break from the Republican Party&#8217;s traditional opposition, reflecting a broader shift during the Donald Trump era as the GOP embraces more populist policies to appeal to working-class voters.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/macro-economic-events/25/06/45855937/jeremy-siegel-backs-ted-cruzs-plan-to-end-fed-interest-payments-on-excess-reserves-" target="_blank" rel="noreferrer noopener">Jeremy Siegel Backs Ted Cruz&#8217;s Plan To End Fed Interest Payments On &#8216;Excess Reserves,&#8217; Potentially Saving $2 Trillion In Deficits: &#8216;Not A Trivial Concern&#8217;</a>
Why It Matters: This move follows Hawley&#8217;s previous efforts to support working-class Americans. In April 2025, Hawley proposed a substantial tax cut aimed at those earning less than $80,000 annually. This proposal, which aimed to make standard income tax breaks refundable against payroll taxes, was touted as a potential &#8220;historic&#8221; <a href="https://www.benzinga.com/25/04/44831978/senator-josh-hawley-proposes-historic-tax-cuts-for-americans-earning-below-80k-annually-republicans-should-fix-this-now">tax reduction </a>for working families across the country. 
Earlier this year, he teamed up with Sen. Bernie Sanders (I-VT) to introduce legislation to cap credit card interest rates at 10%. In recent weeks, Hawley has been urging his party against cuts to <a href="https://www.benzinga.com/25/05/45369487/josh-hawley-slams-gop-identity-crisis-over-medicaid-calls-proposed-cuts-morally-wrong-and-politically-suicidal">Medicaid benefits</a> in Trump&#8217;s &#8216;Big, Beautiful Bill.&#8217;
The proposed minimum wage increase is another step in Hawley&#8217;s ongoing efforts to address financial hardship and high living costs faced by many Americans. Notably, In January, Scott Bessent as a Treasury Secretary nominee, had opposed raising the minimum wage rate on a federal level citing it as a state or regional issue. 
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/sports/25/06/45829858/shaq-settled-on-angel-reese-for-reebok-endorsement-due-to-budget-constraints-i-had-to-deal-with-something-i-never-had-to-deal-with" target="_blank" rel="noreferrer noopener">Shaq Settled on Angel Reese for Reebok Endorsement Due to Budget Constraints: &#8216;I Had To Deal With Something I Never Had To Deal With&#8217; &#8211; Benzinga</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

<path d="M12.668 10.667C12.668 9.95614 12.668 9.46258 12.6367 9.0791C12.6137 8.79732 12.5758 8.60761 12.5244 8.46387L12.4688 8.33399C12.3148 8.03193 12.0803 7.77885 11.793 7.60254L11.666 7.53125C11.508 7.45087 11.2963 7.39395 10.9209 7.36328C10.5374 7.33197 10.0439 7.33203 9.33301 7.33203H6.5C5.78896 7.33203 5.29563 7.33195 4.91211 7.36328C4.63016 7.38632 4.44065 7.42413 4.29688 7.47559L4.16699 7.53125C3.86488 7.68518 3.61186 7.9196 3.43555 8.20703L3.36524 8.33399C3.28478 8.49198 3.22795 8.70352 3.19727 9.0791C3.16595 9.46259 3.16504 9.95611 3.16504 10.667V13.5C3.16504 14.211 3.16593 14.7044 3.19727 15.0879C3.22797 15.4636 3.28473 15.675 3.36524 15.833L3.43555 15.959C3.61186 16.2466 3.86474 16.4807 4.16699 16.6348L4.29688 16.6914C4.44063 16.7428 4.63025 16.7797 4.91211 16.8027C5.29563 16.8341 5.78896 16.835 6.5 16.835H9.33301C10.0439 16.835 10.5374 16.8341 10.9209 16.8027C11.2965 16.772 11.508 16.7152 11.666 16.6348L11.793 16.5645C12.0804 16.3881 12.3148 16.1351 12.4688 15.833L12.5244 15.7031C12.5759 15.5594 12.6137 15.3698 12.6367 15.0879C12.6681 14.7044 12.668 14.211 12.668 13.5V10.667ZM13.998 12.665C14.4528 12.6634 14.8011 12.6602 15.0879 12.6367C15.4635 12.606 15.675 12.5492 15.833 12.4688L15.959 12.3975C16.2466 12.2211 16.4808 11.9682 16.6348 11.666L16.6914 11.5361C16.7428 11.3924 16.7797 11.2026 16.8027 10.9209C16.8341 10.5374 16.835 10.0439 16.835 9.33301V6.5C16.835 5.78896 16.8341 5.29563 16.8027 4.91211C16.7797 4.63025 16.7428 4.44063 16.6914 4.29688L16.6348 4.16699C16.4807 3.86474 16.2466 3.61186 15.959 3.43555L15.833 3.36524C15.675 3.28473 15.4636 3.22797 15.0879 3.19727C14.7044 3.16593 14.211 3.16504 13.5 3.16504H10.667C9.9561 3.16504 9.46259 3.16595 9.0791 3.19727C8.79739 3.22028 8.6076 3.2572 8.46387 3.30859L8.33399 3.36524C8.03176 3.51923 7.77886 3.75343 7.60254 4.04102L7.53125 4.16699C7.4508 4.32498 7.39397 4.53655 7.36328 4.91211C7.33985 5.19893 7.33562 5.54719 7.33399 6.00195H9.33301C10.022 6.00195 10.5791 6.00131 11.0293 6.03809C11.4873 6.07551 11.8937 6.15471 12.2705 6.34668L12.4883 6.46875C12.984 6.7728 13.3878 7.20854 13.6533 7.72949L13.7197 7.87207C13.8642 8.20859 13.9292 8.56974 13.9619 8.9707C13.9987 9.42092 13.998 9.97799 13.998 10.667V12.665ZM18.165 9.33301C18.165 10.022 18.1657 10.5791 18.1289 11.0293C18.0961 11.4302 18.0311 11.7914 17.8867 12.1279L17.8203 12.2705C17.5549 12.7914 17.1509 13.2272 16.6553 13.5313L16.4365 13.6533C16.0599 13.8452 15.6541 13.9245 15.1963 13.9619C14.8593 13.9895 14.4624 13.9935 13.9951 13.9951C13.9935 14.4624 13.9895 14.8593 13.9619 15.1963C13.9292 15.597 13.864 15.9576 13.7197 16.2939L13.6533 16.4365C13.3878 16.9576 12.9841 17.3941 12.4883 17.6982L12.2705 17.8203C11.8937 18.0123 11.4873 18.0915 11.0293 18.1289C10.5791 18.1657 10.022 18.165 9.33301 18.165H6.5C5.81091 18.165 5.25395 18.1657 4.80371 18.1289C4.40306 18.0962 4.04235 18.031 3.70606 17.8867L3.56348 17.8203C3.04244 17.5548 2.60585 17.151 2.30176 16.6553L2.17969 16.4365C1.98788 16.0599 1.90851 15.6541 1.87109 15.1963C1.83431 14.746 1.83496 14.1891 1.83496 13.5V10.667C1.83496 9.978 1.83432 9.42091 1.87109 8.9707C1.90851 8.5127 1.98772 8.10625 2.17969 7.72949L2.30176 7.51172C2.60586 7.0159 3.04236 6.6122 3.56348 6.34668L3.70606 6.28027C4.04237 6.136 4.40303 6.07083 4.80371 6.03809C5.14051 6.01057 5.53708 6.00551 6.00391 6.00391C6.00551 5.53708 6.01057 5.14051 6.03809 4.80371C6.0755 4.34588 6.15483 3.94012 6.34668 3.56348L6.46875 3.34473C6.77282 2.84912 7.20856 2.44514 7.72949 2.17969L7.87207 2.11328C8.20855 1.96886 8.56979 1.90385 8.9707 1.87109C9.42091 1.83432 9.978 1.83496 10.667 1.83496H13.5C14.1891 1.83496 14.746 1.83431 15.1963 1.87109C15.6541 1.90851 16.0599 1.98788 16.4365 2.17969L16.6553 2.30176C17.151 2.60585 17.5548 3.04244 17.8203 3.56348L17.8867 3.70606C18.031 4.04235 18.0962 4.40306 18.1289 4.80371C18.1657 5.25395 18.165 5.81091 18.165 6.5V9.33301Z"></path>
<path d="M10.9153 1.83987L11.2942 1.88772L11.4749 1.91507C13.2633 2.24201 14.4107 4.01717 13.9749 5.78225L13.9261 5.95901L13.3987 7.6719C13.7708 7.67575 14.0961 7.68389 14.3792 7.70608C14.8737 7.74486 15.3109 7.82759 15.7015 8.03323L15.8528 8.11819C16.5966 8.56353 17.1278 9.29625 17.3167 10.1475L17.347 10.3096C17.403 10.69 17.3647 11.0832 17.2835 11.5098C17.2375 11.7517 17.1735 12.0212 17.096 12.3233L16.8255 13.3321L16.4456 14.7276C16.2076 15.6001 16.0438 16.2356 15.7366 16.7305L15.595 16.9346C15.2989 17.318 14.9197 17.628 14.4866 17.8408L14.2982 17.9258C13.6885 18.1774 12.9785 18.1651 11.9446 18.1651H7.33331C6.64422 18.1651 6.08726 18.1657 5.63702 18.1289C5.23638 18.0962 4.87565 18.031 4.53936 17.8867L4.39679 17.8203C3.87576 17.5549 3.43916 17.151 3.13507 16.6553L3.013 16.4366C2.82119 16.0599 2.74182 15.6541 2.7044 15.1963C2.66762 14.7461 2.66827 14.1891 2.66827 13.5V11.667C2.66827 10.9349 2.66214 10.4375 2.77569 10.0137L2.83722 9.81253C3.17599 8.81768 3.99001 8.05084 5.01397 7.77639L5.17706 7.73928C5.56592 7.66435 6.02595 7.66799 6.66632 7.66799C6.9429 7.66799 7.19894 7.52038 7.33624 7.2803L10.2562 2.16995L10.3118 2.08792C10.4544 1.90739 10.6824 1.81092 10.9153 1.83987ZM7.33136 14.167C7.33136 14.9841 7.33714 15.2627 7.39386 15.4746L7.42999 15.5918C7.62644 16.1686 8.09802 16.6134 8.69171 16.7725L8.87042 16.8067C9.07652 16.8323 9.38687 16.835 10.0003 16.835H11.9446C13.099 16.835 13.4838 16.8228 13.7903 16.6963L13.8997 16.6465C14.1508 16.5231 14.3716 16.3444 14.5433 16.1221L14.6155 16.0166C14.7769 15.7552 14.8968 15.3517 15.1624 14.378L15.5433 12.9824L15.8079 11.9922C15.8804 11.7102 15.9368 11.4711 15.9769 11.2608C16.0364 10.948 16.0517 10.7375 16.0394 10.5791L16.0179 10.4356C15.9156 9.97497 15.641 9.57381 15.2542 9.31253L15.0814 9.20999C14.9253 9.12785 14.6982 9.06544 14.2747 9.03225C13.8477 8.99881 13.2923 8.99807 12.5003 8.99807C12.2893 8.99807 12.0905 8.89822 11.9651 8.72854C11.8398 8.55879 11.8025 8.33942 11.8646 8.13772L12.6556 5.56741L12.7054 5.36331C12.8941 4.35953 12.216 3.37956 11.1878 3.2178L8.49054 7.93948C8.23033 8.39484 7.81431 8.72848 7.33136 8.88967V14.167ZM3.99835 13.5C3.99835 14.2111 3.99924 14.7044 4.03058 15.0879C4.06128 15.4636 4.11804 15.675 4.19854 15.833L4.26886 15.959C4.44517 16.2466 4.69805 16.4808 5.0003 16.6348L5.13019 16.6905C5.27397 16.7419 5.46337 16.7797 5.74542 16.8028C5.97772 16.8217 6.25037 16.828 6.58722 16.8311C6.41249 16.585 6.27075 16.3136 6.1712 16.0215L6.10968 15.8194C5.99614 15.3956 6.00128 14.899 6.00128 14.167V9.00296C5.79386 9.0067 5.65011 9.01339 5.53741 9.02737L5.3587 9.06057C4.76502 9.21965 4.29247 9.66448 4.09601 10.2412L4.06085 10.3584C4.00404 10.5705 3.99835 10.8493 3.99835 11.667V13.5Z"></path>
<path d="M12.6687 5.83304C12.6687 5.22006 12.6649 4.91019 12.6394 4.70413L12.6062 4.52542C12.4471 3.93179 12.0022 3.45922 11.4255 3.26272L11.3083 3.22757C11.0963 3.17075 10.8175 3.16507 9.99974 3.16507H8.0554C7.04558 3.16507 6.62456 3.17475 6.32982 3.26175L6.2097 3.30374C5.95005 3.41089 5.71908 3.57635 5.53392 3.78616L5.45677 3.87796C5.30475 4.0748 5.20336 4.33135 5.03392 4.91702L4.83763 5.6221L4.45677 7.01761C4.24829 7.78204 4.10326 8.31846 4.02318 8.73929C3.94374 9.15672 3.94298 9.39229 3.98119 9.56448L4.03587 9.75784C4.18618 10.1996 4.50043 10.5702 4.91771 10.7901L5.05052 10.8477C5.20009 10.9014 5.40751 10.9429 5.72533 10.9678C6.15231 11.0012 6.70771 11.002 7.49974 11.002C7.71076 11.002 7.90952 11.1018 8.0349 11.2715C8.14465 11.4201 8.18683 11.6067 8.15404 11.7862L8.13548 11.8623L7.34447 14.4326C7.01523 15.5033 7.71404 16.6081 8.81126 16.7813L11.5095 12.0606L11.5827 11.9405C11.8445 11.5461 12.2289 11.2561 12.6687 11.1094V5.83304ZM17.3318 8.33304C17.3318 8.97366 17.3364 9.43432 17.2615 9.82327L17.2234 9.98538C16.949 11.0094 16.1821 11.8233 15.1872 12.1621L14.9861 12.2237C14.5624 12.3372 14.0656 12.3321 13.3337 12.3321C13.0915 12.3321 12.8651 12.4453 12.7204 12.6348L12.6638 12.7198L9.74388 17.8301C9.61066 18.0631 9.35005 18.1935 9.08372 18.1602L8.70579 18.1123C6.75379 17.8682 5.49542 15.9213 6.07396 14.041L6.60033 12.3272C6.22861 12.3233 5.90377 12.3161 5.62083 12.294C5.18804 12.26 4.79914 12.1931 4.44701 12.0391L4.29857 11.9668C3.52688 11.5605 2.95919 10.8555 2.72533 10.0205L2.68333 9.85257C2.58769 9.42154 2.62379 8.97768 2.71654 8.49026C2.80865 8.00634 2.97082 7.41139 3.17357 6.668L3.55443 5.27249L3.74583 4.58011C3.9286 3.94171 4.10186 3.45682 4.40404 3.06546L4.53685 2.9053C4.85609 2.54372 5.25433 2.25896 5.70189 2.07425L5.93626 1.99222C6.49455 1.82612 7.15095 1.83499 8.0554 1.83499H12.6667C13.3558 1.83499 13.9128 1.83434 14.363 1.87112C14.8208 1.90854 15.2266 1.98789 15.6033 2.17972L15.821 2.30179C16.317 2.6059 16.7215 3.04226 16.987 3.56351L17.0535 3.70608C17.1977 4.04236 17.2629 4.40311 17.2956 4.80374C17.3324 5.25398 17.3318 5.81094 17.3318 6.50003V8.33304ZM13.9978 10.9961C14.3321 10.9901 14.5013 10.977 14.6413 10.9395L14.7585 10.9033C15.3353 10.7069 15.7801 10.2353 15.9392 9.64163L15.9724 9.46292C15.998 9.25682 16.0017 8.94657 16.0017 8.33304V6.50003C16.0017 5.78899 16.0008 5.29566 15.9695 4.91214C15.9464 4.6301 15.9086 4.44069 15.8572 4.2969L15.8015 4.16702C15.6475 3.86478 15.4133 3.6119 15.1257 3.43558L14.9997 3.36526C14.8418 3.28477 14.6302 3.228 14.2546 3.19729C14.0221 3.1783 13.7491 3.17109 13.4118 3.168C13.6267 3.47028 13.7914 3.81126 13.8904 4.18069L13.9275 4.34378C13.981 4.62163 13.9947 4.93582 13.9978 5.3262V10.9961Z"></path>
<path d="M9.75122 4.09203C9.75122 3.61482 9.21964 3.35044 8.84399 3.60277L8.77173 3.66039L6.55396 5.69262C6.05931 6.14604 5.43173 6.42255 4.7688 6.48461L4.48267 6.49828C3.52474 6.49851 2.74829 7.27565 2.74829 8.23363V11.7668C2.74829 12.7248 3.52474 13.501 4.48267 13.5012C5.24935 13.5012 5.98874 13.7889 6.55396 14.3069L8.77173 16.3401L8.84399 16.3967C9.21966 16.6493 9.75122 16.3858 9.75122 15.9084V4.09203ZM17.2483 10.0002C17.2483 8.67623 16.9128 7.43233 16.3235 6.34691L17.4924 5.71215C18.1849 6.9875 18.5784 8.4491 18.5784 10.0002C18.5783 11.5143 18.2033 12.9429 17.5413 14.1965C17.3697 14.5212 16.9675 14.6453 16.6428 14.4739C16.3182 14.3023 16.194 13.9001 16.3655 13.5754C16.9288 12.5086 17.2483 11.2927 17.2483 10.0002ZM13.9182 10.0002C13.9182 9.1174 13.6268 8.30445 13.135 7.64965L14.1985 6.85082C14.8574 7.72804 15.2483 8.81952 15.2483 10.0002L15.2336 10.3938C15.166 11.3044 14.8657 12.1515 14.3918 12.8743L14.3069 12.9797C14.0889 13.199 13.7396 13.2418 13.4709 13.0657C13.164 12.8643 13.0784 12.4528 13.2795 12.1457L13.4231 11.9084C13.6935 11.4246 13.8643 10.8776 13.9075 10.2942L13.9182 10.0002ZM13.2678 6.71801C13.5615 6.49772 13.978 6.55727 14.1985 6.85082L13.135 7.64965C12.9144 7.35599 12.9742 6.93858 13.2678 6.71801ZM16.5911 5.44555C16.9138 5.27033 17.3171 5.38949 17.4924 5.71215L16.3235 6.34691C16.1483 6.02419 16.2684 5.62081 16.5911 5.44555ZM11.0813 15.9084C11.0813 17.5226 9.22237 18.3912 7.9895 17.4202L7.87231 17.3205L5.65552 15.2873C5.33557 14.9941 4.91667 14.8313 4.48267 14.8313C2.7902 14.8311 1.41821 13.4594 1.41821 11.7668V8.23363C1.41821 6.54111 2.7902 5.16843 4.48267 5.1682L4.64478 5.16039C5.02003 5.12526 5.37552 4.96881 5.65552 4.71215L7.87231 2.67992L7.9895 2.58031C9.22237 1.60902 11.0813 2.47773 11.0813 4.09203V15.9084Z"></path>
<path d="M12.0303 4.11328C13.4406 2.70317 15.7275 2.70305 17.1377 4.11328C18.5474 5.52355 18.5476 7.81057 17.1377 9.2207L10.8457 15.5117C10.522 15.8354 10.2868 16.0723 10.0547 16.2627L9.82031 16.4395C9.61539 16.5794 9.39783 16.7003 9.1709 16.7998L8.94141 16.8916C8.75976 16.9582 8.57206 17.0072 8.35547 17.0518L7.59082 17.1865L5.19727 17.5859C5.05455 17.6097 4.90286 17.6358 4.77441 17.6455C4.67576 17.653 4.54196 17.6555 4.39648 17.6201L4.24707 17.5703C4.02415 17.4746 3.84119 17.3068 3.72559 17.0957L3.67969 17.0029C3.59322 16.8013 3.59553 16.6073 3.60547 16.4756C3.61519 16.3473 3.6403 16.1963 3.66406 16.0537L4.06348 13.6602C4.1638 13.0582 4.22517 12.6732 4.3584 12.3096L4.45117 12.0791C4.55073 11.8521 4.67152 11.6346 4.81152 11.4297L4.9873 11.1953C5.17772 10.9632 5.4146 10.728 5.73828 10.4043L12.0303 4.11328ZM6.67871 11.3447C6.32926 11.6942 6.14542 11.8803 6.01953 12.0332L5.90918 12.1797C5.81574 12.3165 5.73539 12.4618 5.66895 12.6133L5.60742 12.7666C5.52668 12.9869 5.48332 13.229 5.375 13.8789L4.97656 16.2725L4.97559 16.2744H4.97852L7.37207 15.875L8.08887 15.749C8.25765 15.7147 8.37336 15.6839 8.4834 15.6436L8.63672 15.5811C8.78817 15.5146 8.93356 15.4342 9.07031 15.3408L9.2168 15.2305C9.36965 15.1046 9.55583 14.9207 9.90527 14.5713L14.8926 9.58301L11.666 6.35742L6.67871 11.3447ZM16.1963 5.05371C15.3054 4.16304 13.8616 4.16305 12.9707 5.05371L12.6074 5.41602L15.833 8.64258L16.1963 8.2793C17.0869 7.38845 17.0869 5.94456 16.1963 5.05371Z"></path>
<path d="M4.58301 1.7832C4.72589 1.7832 4.84877 1.88437 4.87695 2.02441C4.99384 2.60873 5.22432 3.11642 5.58398 3.50391C5.94115 3.88854 6.44253 4.172 7.13281 4.28711C7.27713 4.3114 7.38267 4.43665 7.38281 4.58301C7.38281 4.7295 7.27723 4.8546 7.13281 4.87891C6.44249 4.99401 5.94116 5.27746 5.58398 5.66211C5.26908 6.00126 5.05404 6.43267 4.92676 6.92676L4.87695 7.1416C4.84891 7.28183 4.72601 7.38281 4.58301 7.38281C4.44013 7.38267 4.31709 7.28173 4.28906 7.1416C4.17212 6.55728 3.94179 6.04956 3.58203 5.66211C3.22483 5.27757 2.72347 4.99395 2.0332 4.87891C1.88897 4.85446 1.7832 4.72938 1.7832 4.58301C1.78335 4.43673 1.88902 4.3115 2.0332 4.28711C2.72366 4.17203 3.22481 3.88861 3.58203 3.50391C3.94186 3.11638 4.17214 2.60888 4.28906 2.02441L4.30371 1.97363C4.34801 1.86052 4.45804 1.78333 4.58301 1.7832Z"></path> 
<path d="M3.502 16.6663V13.3333C3.502 12.9661 3.79977 12.6683 4.16704 12.6683H7.50004L7.63383 12.682C7.93691 12.7439 8.16508 13.0119 8.16508 13.3333C8.16508 13.6547 7.93691 13.9227 7.63383 13.9847L7.50004 13.9984H5.47465C6.58682 15.2249 8.21842 16.0013 10 16.0013C13.06 16.0012 15.5859 13.711 15.9551 10.7513L15.9854 10.6195C16.0845 10.3266 16.3785 10.1334 16.6973 10.1732C17.0617 10.2186 17.3198 10.551 17.2745 10.9154L17.2247 11.2523C16.6301 14.7051 13.6224 17.3313 10 17.3314C8.01103 17.3314 6.17188 16.5383 4.83208 15.2474V16.6663C4.83208 17.0335 4.53411 17.3311 4.16704 17.3314C3.79977 17.3314 3.502 17.0336 3.502 16.6663ZM4.04497 9.24935C3.99936 9.61353 3.66701 9.87178 3.30278 9.8265C2.93833 9.78105 2.67921 9.44876 2.72465 9.08431L4.04497 9.24935ZM10 2.66829C11.9939 2.66833 13.8372 3.46551 15.1778 4.76204V3.33333C15.1778 2.96616 15.4757 2.66844 15.8428 2.66829C16.2101 2.66829 16.5079 2.96606 16.5079 3.33333V6.66634C16.5079 7.03361 16.2101 7.33138 15.8428 7.33138H12.5098C12.1425 7.33138 11.8448 7.03361 11.8448 6.66634C11.8449 6.29922 12.1426 6.0013 12.5098 6.0013H14.5254C13.4133 4.77488 11.7816 3.99841 10 3.99837C6.93998 3.99837 4.41406 6.28947 4.04497 9.24935L3.38481 9.16634L2.72465 9.08431C3.17574 5.46702 6.26076 2.66829 10 2.66829Z"></path>
<path d="M15.2793 7.5293C15.539 7.2696 15.961 7.2696 16.2207 7.5293C16.4804 7.78899 16.4804 8.211 16.2207 8.4707L10.4707 14.2207C10.211 14.4804 9.78896 14.4804 9.52926 14.2207L3.77926 8.4707L3.6943 8.36621C3.52379 8.10808 3.55199 7.75656 3.77926 7.5293C4.00653 7.30203 4.35804 7.27383 4.61617 7.44434L4.72067 7.5293L9.99996 12.8086L15.2793 7.5293Z"></path>

Josh Hawley, Peter Welch Propose Raising Federal Minimum Wage To $15 By 2026, Tied To Inflation

A federal appeals court allowed President Donald Trump&#8216;s sweeping tariffs to remain in effect Tuesday while reviewing the lower court decisions that blocked the duties on constitutional grounds.
What Happened: The U.S. Court of Appeals for the <a href="https://www.reuters.com/world/us/trump-tariffs-may-remain-effect-while-appeals-proceed-us-appeals-court-decides-2025-06-11/">Federal Circuit granted a temporary stay</a>, preserving Trump&#8217;s &#8220;Liberation Day&#8221; tariffs on most trading partners and separate duties on Canada, China and Mexico. The court scheduled oral arguments for July 31 and ordered the full 11-member panel to hear the case due to its &#8220;exceptional importance.&#8221;
The decision reverses two lower-court rulings that struck down the tariffs. On May 28, the U.S. Court of International Trade ruled unanimously that <a href="https://www.benzinga.com/news/25/05/45660322/trump-tariffs-struck-down-by-federal-court-major-blow-to-white-houses-trade-strategy-report">Trump exceeded his authority</a> by using the International Emergency Economic Powers Act (IEEPA) to impose the duties. The three-judge panel stated the Constitution grants Congress, not the president, the power to levy tariffs.
A separate federal district court in Washington blocked the emergency tariff authority, with Judge Rudolph Contreras writing that IEEPA &#8220;does not grant Trump the authority to impose or adjust tariffs without approval from Congress.&#8221;
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45876652/trump-family-backed-bitcoin-mining-firm-acquires-23-million-worth-of-btc-signals-more-accumulation-in-the-future">Trump Family-Backed Bitcoin Mining Firm Acquires $23 Million Worth Of BTC, Signals More Accumulation In The Future</a>
Why It Matters: The <a href="https://www.benzinga.com/news/legal/25/06/45719301/trump-rails-against-court-rulings-blocking-his-tariffs-says-us-could-be-held-hostage-by-foreign-nations">tariffs generate approximately $200 billion</a> annually and include 10% across-the-board duties, 20% on Chinese imports, and 25% on non-USMCA goods from Canada and Mexico. The fluctuating nature has created market volatility and supply chain disruptions for companies managing production and pricing strategies.
Trump cited fighting fentanyl trafficking and addressing trade deficits as justification for the tariffs under IEEPA, historically used for sanctions rather than trade duties. Jeffrey Schwab, attorney for affected small businesses, said, &#8220;every court to rule on the merits so far has found these tariffs unlawful.&#8221;
Goldman Sachs analysts noted Trump could reimpose similar tariffs &#8220;within days&#8221; <a href="https://www.benzinga.com/news/25/05/45688655/trump-administration-mulls-global-tariffs-of-about-15-for-150-days-under-existing-trade-laws-report">using Section 122 trade law</a>, which allows 15% tariffs for 150 days without congressional approval. The ruling has no impact on tariffs levied under traditional legal authority, such as steel and aluminum duties.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45876375/elon-musk-says-tesla-robotaxi-rides-begin-june-22-in-austin-full-self-driving-to-enable-home-delivery-by-june-28-were-being-super-paranoid">Elon Musk Says Tesla Robotaxi Rides Begin June 22 In Austin, Full Self-Driving To Enable Home Delivery By June 28: &#8216;We&#8217;re Being Super Paranoid&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Rawpixel.com / Shutterstock.com

Appeals Court Allows Trump's Tariffs To Remain In Effect While It Reviews The Lower Court's Decision

Markel Launches InsurtechRisk+ To Offer Comprehensive Cyber, D&O, Crime, And Tech Liability Cover For Global Insurtech Firms

LOGI

Logitech Unveils Flip Folio: Magnetically-Stowable Bluetooth Keyboard Case For iPad Pro And iPad Air

CSGS

eSIM Go Taps CSG Ascendon to Simplify And Scale Digital Connectivity Offerings For Fintechs, Airlines, And Niche Markets

IREN

IREN Prices Upsized $500M Offering Of 3.50% Convertible Senior Notes Due 2029 With 30% Conversion Premium

Consideration composed of a $350m up-front payment and up to $1.0bn in development, regulatory and commercial milestones, along with mid-single to low double-digit royalties on Global Net Sales

Reported Earlier, Philochem Licenses Global Rights To Prostate Cancer Radiopharmaceutical OncoACP3 To RayzeBio, A Bristol-Myers Squibb Company, In Deal Worth Up To $1.35B

Press Releases

Bright Minds Biosciences and Firefly Neuroscience to Collaborate After the BREAKTHROUGH Study: A Phase 2 Trial of BMB-101 in Absence Epilepsy and Developmental Epileptic Encephalopathy for Full Analysis of EEG Data

Bright Minds Biosciences Closes US$35 Million Non-Brokered Private Placement

Health Care

Bright Minds Biosciences to Present Data at the American Epilepsy Society 2024 Annual Meeting

Management

Bright Minds Biosciences Appoints Pharmaceutical Leader, Stephen Collins, M.D., Ph.D., as Chief Medical Officer

Bright Minds Biosciences to Participate at Three Healthcare Conferences in March

Bright Minds Biosciences Expands Scientific Advisory Board to Include Renowned Leaders in Epilepsy Research

Bright Minds Biosciences to Host Virtual R&D Day on May 20, 2025; Program Highlights Include an Overview of Absence Seizures and the BMB-101 Phase 2 Study

Comments

Bright Minds Biosciences

Noticias

Últimas noticias sobre Bright Minds Biosciences (NASDAQ:DRUG) Bolsa

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL