Establishment Labs Hldgs Bolsa (NASDAQ: ESTA)

Establishment Labs Hldgs (NASDAQ:ESTA) Bolsa

Establishment Labs Hldgs

Establishment Labs Holdings Inc is a medical technology company engaged in offering medical devices and aesthetic products. It is involved in the designing, manufacturing, and marketing of silicone-filled breast and body-shaping implants. The company markets its products under Motiva implants Brand. It distributes its products to medical distributors; and physicians, hospitals, and clinics in the form of direct sales. Its geographical segments are Europe, Latin America, Asia-Pacific/Middle East, and Others.

Establishment Labs Holdings Inc. - Common Shares

Establishment Labs Holdings Inc

<ul>
<li>Files voluntary petitions for chapter 11 with support of key financial stakeholders</li>
<li>Continues to service and manage customers' solar and storage systems in the ordinary course of business at this time</li>
<li>Receives interim Court approval on "First Day Motions" to enable continued operations</li>
<li>Enters into Asset Purchase Agreement with ATLAS SP Partners and Solar Power System Purchase Agreement with Lennar Homes, LLC to secure new capital to support operations</li>
</ul>

News

NOVA

Reported Earlier, Sunnova Enters Chapter 11 To Facilitate Value-Maximizing Asset Sale, Continues Customer Service Without Disruption

Tarun Anand, KPMG&#8217;s Blockchain and Digital Asset Consultant, said stablecoins, real-world asset tokenization and decentralized physical infrastructure networks will be the key cryptocurrency narratives to watch out for in the next few years.
What Happened: In an exclusive chat with Benzinga at the recently held Consensus 2025 event, Anand shared his insights on the future of blockchain technology and cryptocurrency.
&#8220;I think the next 1-2 years, it&#8217;s going to be a story of stablecoins. Then real world assets,&#8221; Anand predicted. &#8220;After that I think we&#8217;re going to be moving into seeing how decentralized physical infrastructure networks, or DePIN, can really transform telecommunications.&#8221;
Anand added, &#8220;Keep an eye out for&nbsp;DePIN in the next five&nbsp;years.&#8221;
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<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">See Also:&nbsp;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>
Anand also expressed confidence that KPMG as a company had the ability to provide &#8220;institutional-grade&nbsp;services to traditional players—banks and&nbsp;asset managers—apart from native Web3 companies.
&#8220;We&#8217;re definitely uniquely positioned to provide what I think the Web3 ecosystem needs to gain retail and full corporate adoption,&#8221; Anand stated.
Why It Matters: Dollar-backed stablecoins, like Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) and Circle (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>), have been a hot topic in the cryptocurrency world. According to a&nbsp;multinational bank,&nbsp;Standard Chartered, the&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44812762/stablecoins-to-surge-to-2-trillion-by-2028-says-standard-chartered-heres-what-it-means-for-the-dollar" target="_blank" rel="noreferrer noopener">total value</a>&nbsp;of the stablecoin market is expected to surge from $254 billion today to $2 trillion by the end of 2028, potentially generating $1.6 trillion in additional <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45604556/scott-bessent-forecasts-stablecoins-increasing-appetite-for-us-treasuries-by-trillions-promises-highest-regulatory-standards-for-dollar-pegged-cryptos">demand for U.S. Treasury bills</a>.
Anand&#8217;s predictions come at a time when <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45510057/senate-crypto-bill-passes-key-vote-genius-act-moves-toward-final-passage">the Senate has advanced the GENIUS Act</a> in the Senate. The legislation, aimed at regulating stablecoins, has passed a key procedural hurdle and is moving towards final passage.
In other news, stablecoin issuer Circle Internet Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>) <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45852973/circle-ipo-success-suggests-markets-open-to-new-listings-especially-from-crypto-businesses-says-spac-king-chamath-palihapitiya">has made a blockbuster debut</a> on Wall Street, surging a whopping 271% from its IPO price.
Meanwhile, the tokenization of real-world assets, or RWAs, has also sparked interest, with major businesses such as Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) <a href="https://www.benzinga.com/25/05/45537142/robinhoods-push-to-bring-wall-street-on-blockchainbrokerage-firm-submits-proposal-to-sec-to-regulate-tokenized-assets">proposing a government framework</a> and Ripple Labs <a href="https://www.benzinga.com/25/05/45610417/xrp-blockchain-chosen-to-power-dubai-government-backed-real-estate-tokenization-platform">striking high-profile partnerships </a>to offer such services.
DePIN, on the other hand, uses blockchain technology to <a href="https://www.benzinga.com/money/what-is-depin">create and manage physical infrastructure</a>, like wireless networks. <a href="https://defillama.com/narrative-tracker">According </a>to DeFiLlama, the total market cap of DePIN protocols was $19.25 billion as of this writing while RWA&#8217;s accounted for over $41 billion.
Photo Courtesy: Skorzewiak on Shutterstock.com
Read Next:&nbsp;
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<li><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-on-this-crypto-betting-market" 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></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Exclusives

Markets

$USDC

$USDT

HOOD

USDT

Circle Stock Has Popped 271% Since NYSE Debut, Now A KPMG Consultant Says This Is The Next Big Thing After Stablecoins

BITF

RIOT

Reported Earlier, Riot Platforms Discloses 14.3% Beneficial Ownership In Bitfarms Following Sale Of 1.75M Common Shares

Tom Homan, a senior official at the Immigration and Customs Enforcement (ICE), also known as the Border Czar, has addressed President Donald Trump&#8216;s comments regarding the possible arrest of California Governor Gavin Newsom.
What Happened: In a recent interview with CBS News, Homan addressed Trump&#8217;s statement about arresting Newsom. He stated that the comment was taken &#8216;out of context&#8217; and that there are currently &#8216;no intentions&#8217; and no grounds to arrest the governor.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tom Homan, President Trump's border czar, tells <a href="https://twitter.com/CBSNews?ref_src=twsrc%5Etfw">@CBSNews</a> there are no plans to arrest California Gov. Gavin Newsom, despite what the president said. As protests continue in Los Angeles following large-scale immigration raids, he says anyone who interferes with ICE officers could… <a href="https://t.co/fQcLRGjNz6">pic.twitter.com/fQcLRGjNz6</a>
&mdash; CBS Evening News (@CBSEveningNews) <a href="https://twitter.com/CBSEveningNews/status/1932226459902378450?ref_src=twsrc%5Etfw">June 10, 2025</a></blockquote>
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&#8220;They haven&#8217;t crossed a line yet, but like any other U.S. citizen if you cross that line I don&#8217;t care who they are. The governor, the mayor, whatever &#8212; when you commit a crime against ICE officers, we will seek prosecution,&#8221; Homan said.
When questioned if Newsom had done anything to obstruct ICE officers, Homan referred the matter to the Department of Justice (DOJ), stating that it would be their duty to investigate and prosecute any potential crimes.
SEE ALSO: <a href="https://benzinga.com/crypto/cryptocurrency/25/06/45830833/crypto-at-point-of-no-return-says-fireblocks-ceo-and-heres-why-he-is-confident-about-it" target="_blank" rel="noreferrer noopener">Crypto At &#8216;Point Of No Return,&#8217; Says Fireblocks CEO And Here&#8217;s Why He Is Confident About It</a>
Why It Matters: This clarification comes after Trump <a href="https://www.benzinga.com/news/politics/25/06/45851810/trump-supports-arrest-of-california-governor-gavin-newsom-as-us-deploys-700-marines-to-los-angeles">voiced his support</a> for the potential arrest of Newsom amid the ongoing protests against his immigration policies in Los Angeles. The U.S. military has deployed approximately 700 Marines to the city to protect federal property and personnel. This move has sparked a legal battle, with California filing a lawsuit against the Trump administration, claiming that the deployment violates federal law and state sovereignty.
Newsom has been a vocal critic of the Trump administration&#8217;s immigration policies, going as far as to <a href="https://www.benzinga.com/news/politics/25/06/45831188/gavin-newsom-to-sue-trump-administration-over-national-guard-deployment-dares-border-czar-homan-to-arrest-him">challenge </a>the federalization of the California National Guard without the state&#8217;s consent. The <a href="https://www.benzinga.com/markets/tech/25/06/45830565/multiple-waymo-vehicles-set-on-fire-during-los-angeles-anti-ice-protests-elon-musk-says-this-is-not-ok">protests </a>in Los Angeles have also turned violent, with reports of vandalism and arson, including the destruction of Alphabet&#8216;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>) Waymo robotaxis.
Amid this tumultuous situation, Homan&#8217;s clarification provides some insight into the potential legal actions that could unfold in the coming days.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/crypto/cryptocurrency/25/06/45852222/bitcoin-crosses-110000-ethereum-and-dogecoin-also-surge-amid-us-china-trade-optimism-analyst-says-eth-building-up-next-big-breakout" target="_blank" rel="noreferrer noopener">Bitcoin Crosses $110,000, Ethereum And Dogecoin Also Surge Amid US-China Trade Optimism: Analyst Says ETH Building Up &#8216;Next Big Breakout&#8217; &#8211; Grayscale Bitcoin Mini Trust (BTC) Common units of fractiona</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.

GOOG

GOOGL

Border Czar Tom Homan Says 'No Intention' To Arrest Gavin Newsom  Despite Trump's Remarks: 'They Haven't Crossed A Line Yet'

With U.S. stock futures trading mixed this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects Core &amp; Main Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNM#NYSE">CNM</a>) to report quarterly earnings at 53 cents per share on revenue of $1.85 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Core &amp; Main shares fell 0.3% to $59.14 in after-hours trading.</li>
<li>Calavo Growers Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) posted downbeat results for its second quarter. The company reported quarterly earnings of 40 cents per share, which missed the analyst consensus estimate of 53 cents per share. The company reported quarterly sales of $190.55 million, which missed the analyst consensus estimate of $201.48 million. Calavo Growers shares tumbled 14.7% to $23.61 in the after-hours trading session.</li>
<li>Analysts are expecting The J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) to post quarterly earnings at $2.24 per share on revenue of $2.18 billion. The company will release earnings before the markets open. Smucker shares fell 0.1% to $111.70 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>Casey&#8217;s General Stores Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) posted better-than-expected earnings for its fourth quarter on Monday. The company reported quarterly earnings of $2.63 per share, which beat the analyst consensus estimate of $2.01 per share. Casey&#8217;s shares surged 10.6% to $485.99 in the after-hours trading session.</li>
<li>Analysts expect United Natural Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) to post quarterly earnings at 21 cents per share on revenue of $7.78 billion before the opening bell. United Natural Foods shares gained 2.5% to $26.60 in after-hours trading.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/news/25/06/45835438/top-3-financial-stocks-that-may-collapse-in-june">Top 3 Financial Stocks That May Collapse In June</a> </li>
</ul>
Photo courtesy: Andriy Blokhin / Shutterstock.com

Pre-Market Outlook

Trading Ideas

CASY

CVGW

UNFI

JM Smucker, United Natural Foods And 3 Stocks To Watch Heading Into Tuesday

Brand Engagement Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNAI#NASDAQ">BNAI</a>) reported quarterly losses of $(0.09) per share which beat the analyst consensus estimate of $(0.14) by 35.71 percent. This is a 66.67 percent increase over losses of $(0.27) per share from the same period last year. The company reported $10.00 thousand in sales this quarter. This is a 79.92 percent decrease over sales of $49.79 thousand the same period last year.

Earnings

Earnings Beats

BNAI

Brand Engagement Network Q1 EPS $(0.09) Beats $(0.14) Estimate, Sales $10.00K Down From $49.79K YoY

On Monday, the U.S. Secretary of Health and Human Services, Robert F. Kennedy Jr., decided to fire all 17 members of the Advisory Committee on Immunization Practices, a panel that plays a key role in shaping U.S. vaccine policy.
What Happened: In an <a href="https://www.wsj.com/opinion/rfk-jr-hhs-moves-to-restore-public-trust-in-vaccines-45495112">op-ed</a> published in the Wall Street Journal, Kennedy said that this clean sweep was necessary in order to &#8220;re-establish public confidence in vaccine science.&#8221; He argued that the current panel had become a &#8220;rubber stamp for any vaccine&#8221; and was compromised by &#8220;persistent conflicts of interest.&#8221;
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45852346/elon-musk-recently-said-yes-to-impeaching-trump-and-the-odds-of-that-happening-in-2025-rose-on-this-crypto-betting-market">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>
Kennedy, who has been a vocal anti-vaccine activist even before becoming the country&#8217;s top health official, hasn&#8217;t mentioned who will be appointed to the panel, but has said that the panel would convene within two weeks in Atlanta, according to a <a href="https://apnews.com/article/kennedy-cdc-acip-vaccines-3790c89f45b6314c5c7b686db0e3a8f9">report</a> from the Associated Press.
The ACIP advises the CDC on immunization schedules and insurance coverage guidance, and its recommendations thus carry immense sway on pharma and biotech stocks, especially those with a sizable vaccine portfolio.
Since the announcement was made, most stocks in the sector are in the red in after-hours trade,
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<td class="has-text-align-center" data-align="center">Stock / ETF</td>
<td class="has-text-align-center" data-align="center">1 Day</td>
<td class="has-text-align-center" data-align="center">After Hours</td>
<td class="has-text-align-center" data-align="center">Year-To-Date</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>)</td>
<td class="has-text-align-center" data-align="center">+2.66%</td>
<td class="has-text-align-center" data-align="center">-0.29%</td>
<td class="has-text-align-center" data-align="center">-9.92%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Eli Lilly And Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>)</td>
<td class="has-text-align-center" data-align="center">+0.50%</td>
<td class="has-text-align-center" data-align="center">+0.15%</td>
<td class="has-text-align-center" data-align="center">-0.56%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) </td>
<td class="has-text-align-center" data-align="center">+2.48%</td>
<td class="has-text-align-center" data-align="center">-0.85%</td>
<td class="has-text-align-center" data-align="center">-33.00%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">BioNTech SE ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>)</td>
<td class="has-text-align-center" data-align="center">+0.44%</td>
<td class="has-text-align-center" data-align="center">-0.26%</td>
<td class="has-text-align-center" data-align="center">-5.49%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">iShares US Pharmaceuticals ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHE#NYSE">IHE</a>)</td>
<td class="has-text-align-center" data-align="center">+0.24%</td>
<td class="has-text-align-center" data-align="center">-2.47%</td>
<td class="has-text-align-center" data-align="center">+1.26%</td>
</tr>
</tbody>
</table>
</figure>
Why It Matters: Kennedy has taken several steps against vaccination mandates in recent weeks, starting with the <a href="https://www.benzinga.com/25/05/45624037/robert-f-kennedy-jr-says-cdc-drops-covid-vaccine-for-healthy-pregnant-women-kids">removal of COVID vaccines</a> from the recommended immunization schedule for healthy pregnant women and children.
Around the same time, the Trump administration <a href="https://www.benzinga.com/government/regulations/25/05/45663794/hhs-cancels-590m-moderna-bird-flu-vaccine-deal-casting-uncertainty-over-pandemic-preparedness-effort">terminated a $600 million contract</a> with Moderna for developing an mRNA-based bird flu vaccine, which was part of former President Joe Biden&#8217;s pandemic preparedness efforts. 
Dr. Matthew Ferrari of the Pennsylvania State University <a href="https://www.benzinga.com/news/health-care/25/06/45810364/rfk-jr-champions-medical-freedom-while-curtailing-access-say-public-health-experts">criticized the health secretary</a>, saying that &#8220;If you restrict access, you necessarily restrict choice,&#8221; referring to the removal of COVID vaccines from the CDC schedule.
Price Action: The iShares U.S. Pharmaceuticals ETF tracks several of the heavyweights across pharma and biotech. On Monday, the fund was up 0.24%, trading at $66.45 per share, but is now down 2.47% after hours.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="191" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10010026/Screenshot-2025-06-10-at-10.30.08-AM-1024x191.png" alt="" class="wp-image-944102" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10010026/Screenshot-2025-06-10-at-10.30.08-AM-1024x191.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10010026/Screenshot-2025-06-10-at-10.30.08-AM-300x56.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10010026/Screenshot-2025-06-10-at-10.30.08-AM-768x143.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10010026/Screenshot-2025-06-10-at-10.30.08-AM.png 1178w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The ETF is ranked in the 45th percentile according to Benzinga&#8217;s Edge Stock Rankings, and has a favorable price trend in the short term, but not so much in the medium and long term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock, as well as its alternatives. 
Photo Courtesy: Joshua Sukoff on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45852973/circle-ipo-success-suggests-markets-open-to-new-listings-especially-from-crypto-businesses-says-spac-king-chamath-palihapitiya">Circle IPO Success Suggests Markets Open To New Listings, Especially From Crypto Businesses, Says SPAC King Chamath Palihapitiya</a></li>
</ul>

Government

BNTX

iShares Dow Jones US Pharmaceuticals Index Fund

MRNA

Robert Kennedy Jr Axes Entire CDC Vaccine Panel To 'Restore Public Trust' — Pfizer, Moderna, Other Biotech Stocks Drop In After-Hours Trading

Reported Earlier, KKR And WEAVE LIVING Deepen Japan Residential Venture With Acquisitions Across Minato And Central Tokyo

XMTR

Xometry Prices $225M Convertible Senior Notes Due 2030 With 0.75% Interest And 30% Conversion Premium

Nokia Cloud Platform Adopts 5th Gen AMD EPYC Processors To Power High-Performance, Energy-Efficient 5G Infrastructure

Elon Musk's artificial intelligence venture xAI is reportedly <a href="https://www.benzinga.com/general/social-media/25/03/44404525/elon-musk-paid-high-price-for-twitter-but-after-years-of-declining-value-x-is-once-again-worth-44-billion">seeking to raise $5 billion</a> through loans and bonds with the help of Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), amid lingering debt concerns from his Twitter acquisition and a political split with Donald Trump.
What Happened: Morgan Stanley has begun marketing a $5 billion debt package for xAI, offering investors two options: a floating-rate loan priced at 97 cents on the dollar with a rate of 700 basis points over the SOFR benchmark, or a fixed-rate loan and bond deal at 12%, reported Reuters, citing sources familiar with the matter.
According to the report, the offering is a "best efforts" deal, meaning Morgan Stanley will not guarantee the full raise or commit its own capital—an approach reflecting caution amid uncertain macroeconomic and political conditions.
The bank held investor meetings last week to present preliminary financials for xAI, the report added.
Morgan Stanley did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
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>
Why It's Important: The decision to avoid financial commitment may stem from the $13 billion debt Morgan Stanley and other banks underwrote in <a href="https://www.benzinga.com/markets/mutual-funds/24/09/41103959/elon-musk-bought-x-for-44b-now-fidelity-values-social-media-network-below-10b">Musk's 2022 Twitter buyout</a>, which they were unable to offload for over two years, the report said.
That debt was only sold earlier this year after X's operating performance improved and investor interest returned.
The $5 billion raise also comes as <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45852346/elon-musk-recently-said-yes-to-impeaching-trump-and-the-odds-of-that-happening-in-2025-rose-on-this-crypto-betting-market">Musk's political ties with President Trump</a> have deteriorated, creating uncertainty around the federal support his companies may receive.
xAI is also reportedly pursuing $20 billion in equity funding at a valuation between $120 billion and $200 billion, the report noted, citing people familiar with the matter.
Benzinga's Edge Stock Rankings show a positive outlook for Morgan Stanley over the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">For a deeper look at the metrics, click 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/2025/06/10013610/Screenshot-2025-06-10-at-11.01.41%E2%80%AFAM.png" alt="" class="wp-image-944126" /></a></figure>
Photo Courtesy: JRdes on Shuttertsock.com
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<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

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Elon Musk's xAI Seeks $5 Billion Via Morgan Stanley Amid Trump Rift And 2022 Twitter Debt Hangover: Report

Macro Economic Events

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U.K. Unemployment Rate For April 4.6% Vs. 4.6% Est.; 4.5% Prior

U.K. Employment Change 3M/3M (MoM) For April 89K Vs. 112K Prior

U.K. Claimant Count Change For May 33.1K Vs. 9.5K Est.; -21.2K (Revised) Prior

U.K. Average Earnings Index +Bonus For April 5.3% Vs. 5.5% Est.; 5.6% (Revised) Prior

VIRT

Virtu Financial And Limina Launch Strategic TradeOPS Collaboration, Onboard First Joint Client Cliens

CEVA

Elliptic Labs Integrates AI Virtual Smart Sensor Platform With Ceva's NeuPro-Nano NPU For Smarter Edge Devices

<ul>
<li>Guidance confirmed for clinical milestones for MP0533 and MP0712 in H2 2025</li>
<li>Cash reach now anticipated to extend into 2028</li>
</ul>

MOLN

Molecular Partners To Cut Up To 40 Jobs In Strategic Review, Extends Cash Runway Into 2028

MAG Silver Files Management Circular Ahead Of July 10 Vote On $2.1B Pan American Acquisition Deal

President Donald Trump's sweeping tax-and-spending bill would seed a $1,000 "Trump Account" for every U.S. baby born from Jan. 1, 2025, through Jan. 1, 2029, giving parents a new, stock-indexed nest egg they could add to, but not touch, until the child turns 18.
What Happened: If parents do nothing, the Treasury would open the account at birth with a $1,000 federal deposit, reveals a White House press release. Families could contribute up to $5,000 a year and foundations could give more because gifts from tax-exempt entities do not count against the cap.
Sen. Ted Cruz (R-TX), who <a href="https://www.benzinga.com/general/education/25/05/45404380/sen-ted-cruz-wants-to-give-americans-1000-at-birth-to-invest-bill-ackman-says-hes-been-a-fan-of-this-idea-for-years">drafted the idea</a> before it got a Trump rebrand, calls the starter stake "transformative" because it puts even non-investors "in the game." Supporters argue the plan mirrors state-level "baby bond" initiatives such as Connecticut's 2023 trust, and borrows from Sen. Cory Booker's (D-NJ) Democratic plan to narrow the wealth gap with federally seeded children's accounts.
Earnings would be taxed as long-term capital gains if spent on college, training, or a first home and would be penalized if used for other purposes, according to the Cruz proposal. A Milken Institute paper by former SEC commissioner Michael Piwowar and economist Robert Shapiro estimates the $1,000 seed could average $8,000 in 20 years, $69,000 in 40 and $574,000 in 60, assuming historical stock returns.
See also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45852628/peter-schiff-left-unfazed-as-bitcoin-spikes-above-110000-doesnt-agree-his-legacy-is-destroyed-ill-eventually-be-proven-right">Peter Schiff Left Unfazed As Bitcoin Spikes Above $110,000, Doesn&#8217;t Agree His Legacy Is Destroyed: &#8216;I&#8217;ll Eventually Be Proven Right&#8217;</a>
Why It Matters: The House folded the provision into a 1,100-page package Trump touts as his "<a href="https://www.benzinga.com/25/05/45558613/house-advances-trumps-sweeping-one-big-beautiful-bill-after-key-medicaid-tax-and-border-security-changes">big, beautiful bill</a>." It now heads to the Senate, where Republicans must trim spending or rely on budget-reconciliation rules to secure 51 votes. Business lobbyists, including Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) have pledged to match worker contributions, but fiscal hawks warn the program's $3-billion-a-year cost could rise if participation is high.
Some advisers applaud the concept yet question the design. Russell Investments CEO Zach Buchwald <a href="https://www.planadviser.com/know-gops-proposed-trump-accounts/">told</a> PlanAdvisor the measure "misses a critical piece" by skipping dedicated retirement features. Zach Teutsch, managing partner at Values Added Financial, told Yahoo Finance the account <a href="https://finance.yahoo.com/news/trumps-new-maga-accounts-are-getting-a-thumbs-down-from-financial-experts-220242429.html">looks</a> "ill-considered" beside 529 college plans or Roth IRAs, which offer tax-free withdrawals.
Handing every newborn $1,000 to invest in stocks both violates the Constitution, <a href="https://x.com/PeterSchiff/status/1932150389199311193">argues</a> economist Peter Schiff. He says Washington should cut today's deficit instead of adding debt that children will have to repay tomorrow.
Photo Courtesy: Phil Mistry on Shutterstock.com
Donald Trump &#x7C; Photo courtesy: Joey Sussman / Shutterstock.com
Read next: <a href="https://www.benzinga.com/markets/tech/25/06/45852700/openai-surges-past-10-billion-in-annualized-revenue-amid-record-chatgpt-use-leaves-rivals-like-amazon-backed-anthropic-behind">OpenAI Surges Past $10 Billion In Annualized Revenue Amid Record ChatGPT Use, Leaves Rivals Like Amazon-Backed Anthropic Behind</a>

Equities

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DELL

UBER

Trump Account Promises $1000 For Every Kid — But Not Everyone Thinks Its The Smartest Idea Out There

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Establishment Labs to Present at Citi's 2025 Unplugged Medtech and Life Sciences Access Day

Establishment Labs to Present at TD Cowen's 45th Annual Health Care Conference

Establishment Labs Reports Fourth Quarter and Full Year 2024 Financial Results and Reaffirms 2025 Guidance

Establishment Labs® Announces Meghan Trainor as Brand Partner Following Her Breast Augmentation with Motiva Implants®

Establishment Labs Notes Presentation of 5-Year Results from Motiva U.S. IDE Study at The Aesthetic MEET 2025

Establishment Labs Provides Preliminary First Quarter Results and Announces an Investor Day on June 12

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