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The Trusts investment objective is to seek to track the performance of ether, as measured by the performance of the Fidelity Ethereum Reference Rate (the Index), adjusted for the Trusts expenses and other liabilities.

Fidelity Ethereum Fund

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

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Jamie Dimon, el CEO del gigante bancario JPMorgan, ha reconocido la importancia de las criptomonedas basadas en contratos inteligentes, en marcado contraste con su postura sobre Bitcoin (CRYPTO: BTC).

Jamie Dimon reconoce el valor de las criptomonedas con contratos inteligentes, sigue rechazando Bitcoin

ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

GBTC

IBIT

El gigante de la banca de inversión Goldman Sachs (NYSE:GS) adquirió más acciones de los fondos cotizados en bolsa (ETF) de Bitcoin (CRYPTO: BTC) y Ethereum (CRYPTO: 

Goldman Sachs apuesta fuerte por Bitcoin y Ethereum: sus tenencias superan los 2.000M$

En un signo de cautela por parte de los inversores, los ETF de Bitcoin (CRYPTO: BTC) al contado experimentaron modestas entradas netas el 15 de 

ETF de Bitcoin: Entradas modestas indican cambio de sentimiento en el mercado

Billionaire David Tepper&#8216;s hedge fund Appaloosa Management L.P. made significant changes to its portfolio in the first quarter of 2025 as it reduced its holding in the Jensen Huang-led tech giant Nvidia Corp.
What Happened: The hedge fund made crucial changes in its holdings during the quarter that ended March 31, 2025 according to its 13F filings.
This included offloading 56% of its stake in Nvidia, reducing the value of its holdings to $32.514 million at the end of the first quarter.
Meanwhile, the firm completely exited its competitor Advanced Micro Devices Inc., offloading all of its 1.2 million shares in the company.
It also added two new key positions in the first quarter, which included an addition of 75,000 shares of Jack Dorsey&#8216;s Block Inc. valued at $4.074 million and 130,000 shares of Broadcom Inc. valued at $21.765 million.
When looking at other Magnificent 7 stocks in its portfolio, the fund held no common stocks of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
However, Appaloosa offloaded shares of Microsoft Corp. and Amazon.com Inc. during the said quarter, and added Alphabet Inc. and Meta Platforms Inc. to its portfolio.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Company</td>
<td>Holdings (as of Dec. 31)</td>
<td>Holdings (as of March 31)</td>
<td>Change (in %)</td>
<td>Value (as of March 31)</td>
</tr>
<tr>
<td>Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>680,001</td>
<td>300,000</td>
<td>-56%</td>
<td>$32.514 million</td>
</tr>
<tr>
<td>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td>
<td>1,200,000</td>
<td>0</td>
<td>-100%</td>
<td>0</td>
</tr>
<tr>
<td>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td>
<td>0</td>
<td>130,000</td>
<td>New</td>
<td>$21.765 million</td>
</tr>
<tr>
<td>Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>)</td>
<td>0</td>
<td>75,000</td>
<td>New</td>
<td>$4.074 million</td>
</tr>
<tr>
<td>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>970,000</td>
<td>510,000</td>
<td>-47%</td>
<td>$191.448 million</td>
</tr>
<tr>
<td>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td>2,600,000</td>
<td>2,510,000</td>
<td>-3%</td>
<td>$477.552 million</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</td>
<td>1,881,963</td>
<td>2,010,000</td>
<td>7%</td>
<td>$314.022 million</td>
</tr>
<tr>
<td>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>490,000</td>
<td>550,000</td>
<td>12%</td>
<td>$316.998 million</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/46068345/blackrock-bets-big-on-defense-companies-amid-escalating-geopolitical-tensions-palantir-lockheed-martin-northrop-grumman-among-stocks-in-focus" target="_blank" rel="noreferrer noopener">BlackRock Bets Big On Defense Companies Amid Escalating Geopolitical Tensions: Palantir, Lockheed Martin, Northrop Grumman Among Stocks In Focus</a>
Why It Matters: As the Magnificent 7 stocks have an exposure to artificial intelligence (AI) and weigh the heaviest in the S&amp;P 500 index, Appaloosa&#8217;s move to reduce its holdings raises questions about the fund&#8217;s plans.
However, Block and Broadcom do add exposure to blockchain and AI in Appaloosa&#8217;s portfolio, a fund known for specializing in distressed debt.
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Wednesday. The SPY was up 0.056% at $607.12, while the QQQ rose 0.26% to $541.16, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Thursday, the futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices were trading higher.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/46108861/microsoft-is-playing-chess-and-others-are-playing-checkers-dan-ives-says-msft-could-be-a-5-trill">Microsoft Is &#8216;Playing Chess, And Others Are Playing Checkers:&#8217; Dan Ives Says MSFT Could Be A $5 Trillion Company In 18 Months</a></li>
</ul>
Photo courtesy: Jack Hong / Shutterstock.com

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NVDA

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Billionaire David Tepper Dumps Nvidia, Slashes 'Magnificent 7' Holdings — But Bets Big On These 2 AI And Blockchain Plays

House Republicans want to let Americans swipe their Health Savings Account cards at the front desk of their local gym, but the Senate isn't sweating the idea yet.
What Happened: Under the <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45564489/trumps-big-tax-bill-clears-the-house-30-year-yields-jump-to-515-as-bond-market-freaks">House-passed</a> "One Big Beautiful Bill Act," up to $500 a year, $1,000 for couples, spent on memberships or fitness classes such as weight training, swimming, or spin would qualify as a medical expense, making those dollars tax-free.
Currently, HSA holders typically require a doctor's letter stating they have obesity, heart disease, or another qualifying condition before their plan will reimburse a gym fee. The House provision would scrap that paperwork, a change the fitness industry says would drive longer contracts and more personal-training packages, according to a recent <a href="https://www.washingtonpost.com/business/2025/06/25/hsa-gym-membership-wellness/">report</a> by The Washington Post.
The non-partisan Joint Committee on Taxation pegs the 2026-34 revenue hit at $10.5 billion.
See also: <a href="https://www.benzinga.com/news/politics/25/06/46108200/trump-calls-for-canceling-netanyahus-witch-hunt-corruption-trial-calls-it-a-travesty-of-justice">Trump Calls For Canceling Netanyahu&#8217;s &#8216;Witch-Hunt&#8217; Corruption Trial, Calls It A &#8216;Travesty Of Justice&#8217;</a>
Why It Matters: But the Senate Finance Committee has since stripped every HSA expansion — including the gym benefit — from their draft, forcing lobbyists to mount a late-game push before a floor vote expected as early as next week. Any final measure must reconcile the two versions before Republicans' self-imposed July 4 deadline to reach President Donald Trump's desk.
Fitness chains see money on the line. Jennifer Garrett, senior director at 24 Hour Fitness, told The Washington Post that members who use HSAs tend to pay for a year in advance, or &#8220;purchase personal training," boosting revenue for the California-based company. Industry allies range from the National Football League to local YMCAs, which already partner with services like TrueMed to secure doctor letters for clients.
Consumer advocates call the change preventive care, but fiscal hawks call it a niche perk that <a href="https://www.benzinga.com/news/health-care/25/05/45692784/20-million-more-americans-could-gain-hsa-access-under-trumps-big-beautiful-bill-but-it-wont-be-cheap">widens a tax break</a> used mostly by higher-income households. If the House language survives, the nation's 39 million <a href="https://www.benzinga.com/money/benefits-of-a-health-savings-account">HSA account holders</a> who stashed $55 billion tax-free last year could soon get a built-in discount on their New Year's resolution.
Read next: <a href="https://www.benzinga.com/news/politics/25/06/46109077/eric-trump-shelves-plan-to-bring-trump-branded-property-in-israels-tel-aviv-amid-ongoing-regional-tensions-report">Eric Trump Shelves Plan To Bring Trump-Branded Property In Israel&#8217;s Tel Aviv Amid Ongoing Regional Tensions: Report</a>
Image via Shutterstock

Tax Free Gym Visits And Swimming Lessons For Americans? House-Approved HSA Expansion Could Make It Happen, But Senate Isn't That Keen

Prenetics Global Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRE#NASDAQ">PRE</a>), a leading consumer health sciences company, announced today at a special event at Wimbledon House that IM8, its premium supplements brand co-founded by David Beckham, has partnered with world No. 1 tennis star Aryna Sabalenka as its newest global ambassador and shareholder. The announcement comes just days before the start of Wimbledon on June 30th, where Sabalenka will be competing as one of the tournament favorites.
 &nbsp;
The partnership marks a significant milestone for both Sabalenka and IM8, as this represents the first time the tennis champion has endorsed a supplement brand. The collaboration was born organically after Sabalenka experienced remarkable benefits from using IM8's Daily Ultimate Essentials, which is NSF Certified for Sport&#xAE;, since the beginning of 2025.
Sabalenka, who is preparing for Wimbledon after an impressive first half of 2025 that saw her claim three prestigious titles in Brisbane, Miami, and Madrid, has reported significant improvements in energy, endurance, digestion, and cognitive focus since incorporating IM8 into her daily routine. Her entire team, including her tennis coaches and personal trainer, have also become regular users of the product.

Prenetics Global Teams Up with Aryna Sabalenka as IM8 Brand Ambassador and Shareholder

<h3>Companies Reporting Before The Bell</h3>
• HIVE Digital Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) is projected to report quarterly loss at $0.11 per share on revenue of $31.47 million. 
• Orion Energy Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OESX#NASDAQ">OESX</a>) is projected to report quarterly loss at $0.03 per share on revenue of $21.08 million. 
• Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) is expected to report quarterly earnings at $1.40 per share on revenue of $157.90 million. 
• Walgreens Boots Alliance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) is projected to report quarterly earnings at $0.34 per share on revenue of $36.72 billion. 
• McCormick &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>) is estimated to report quarterly earnings at $0.66 per share on revenue of $1.66 billion. 
• Acuity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) is estimated to report quarterly earnings at $4.49 per share on revenue of $1.16 billion. 
<h3>Companies Reporting After The Bell</h3>
• Origin Agritech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEED#NASDAQ">SEED</a>) is likely to report earnings for its first quarter. 
• Aethlon Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEMD#NASDAQ">AEMD</a>) is estimated to report earnings for its fourth quarter. 
• Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) is expected to report quarterly earnings at $0.12 per share on revenue of $10.70 billion. 
• American Outdoor Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOUT#NASDAQ">AOUT</a>) is projected to report quarterly loss at $0.11 per share on revenue of $48.46 million. 
• Concentrix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) is estimated to report quarterly earnings at $2.75 per share on revenue of $2.38 billion. 
• Enerpac Tool Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAC#NYSE">EPAC</a>) is projected to report quarterly earnings at $0.47 per share on revenue of $162.20 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

AEMD

AOUT

CNXC

EPAC

HIVE

OESX

SEED

Earnings Scheduled For June 26, 2025

Nvidia Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO&nbsp;Jensen Huang&nbsp;has revealed that the company&#8217;s next major growth opportunity lies in robotics, aside from artificial intelligence (AI).
What Happened:&nbsp;At Nvidia&#8217;s annual shareholders meeting on Wednesday, Huang identified robotics as the company&#8217;s second-largest market for potential growth, following AI,&nbsp;<a href="https://www.cnbc.com/2025/06/25/nvidia-shareholder-meeting-2025-robots.html">reported</a>&nbsp;CNBC.
"We have many growth opportunities across our company, with AI and robotics the two largest, representing a multitrillion-dollar growth opportunity,"&nbsp;stated Huang. 
He stated that the first significant commercial application for this technology would be self-driving cars. Despite its current relatively small size, the robotics division has seen a 72% annual increase, with&nbsp;$567 million in quarterly sales,&nbsp;accounting for nearly 1% of the&nbsp;company&#8217;s total revenue.
While Nvidia&#8217;s sales have surged thanks to strong demand for its data center GPUs, Huang expects the robotics sector to drive further growth—requiring the company's AI chips for software training, along with additional chips used in autonomous vehicles and robots. Huang said Nvidia is shifting its identity toward being an "AI infrastructure" or "computing platform" provider. "We stopped thinking of ourselves as a chip company long ago," Huang says.
Huang pointed to Nvidia's Drive platform—its suite of chips and software for autonomous vehicles—currently in use by Mercedes-Benz. The company has also recently launched AI models for humanoid robots, known as Cosmos.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46107638/mark-zuckerbergs-meta-beats-lawsuit-over-ai-training-on-books-judge-finds-no-meaningful-evidence-on-market-dilution" target="_blank" rel="noreferrer noopener">Mark Zuckerberg's Meta Beats Lawsuit Over AI Training On Books, Judge Finds ‘No Meaningful Evidence On Market Dilution'</a>
Why It Matters: Nvidia&#8217;s stock has been performing exceptionally well, reaching a record high on Wednesday, with the company&#8217;s market cap now standing at approximately $3.75 trillion. This makes Nvidia&nbsp;the most valuable company in&nbsp;the world, ahead of&nbsp;Microsoft&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
This announcement comes on the heels of Nvidia&#8217;s recent rebound from a 17% drop in January, which was initially sparked by fears that China&#8217;s DeepSeek AI could challenge Nvidia&#8217;s <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46098276/nvidia-stock-soars-near-record-high-whats-driving-the-rally">market dominance</a>. The stock&#8217;s recovery has been fueled by a significant easing in U.S.-China trade tensions and a stellar first-quarter earnings report on May 28.
Moreover, despite generating almost <a href="https://www.benzinga.com/markets/tech/25/06/46058862/nvidia-intel-chip-stocks-ai-valuation-revenue">four times</a> as much revenue as&nbsp;Intel&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) on an annualized basis, Nvidia trades at less than half of Intel&#8217;s forward price-to-earnings ratio. 
According to Benzinga Edge Stock Rankings, Nvidia has a growth score of 98.65% and a momentum rating of 70.43%. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here </a>to see how it compares to other leading tech companies.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://www.benzinga.com/markets/25/06/46009990/nvidia-stock-could-rise-another-38-making-jensen-huang-led-ai-giant-a-nearly-5-trillion-company-says">Nvidia Stock Could Rise Another 38%, Making Jensen Huang-Led AI Giant A Nearly $5 Trillion Company, Says Barclays</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.

INTC

Nvidia's Next 'Multitrillion Dollar' Opportunity? Jensen Huang Sees Great Potential Here: 'Stopped Thinking Of Ourselves As A Chip Company Long Ago'

Alvotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALVO#NASDAQ">ALVO</a>, ALVO SDB, the "Company"))), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced that its lenders under the Company's existing senior secured term loan facility, including GoldenTree Asset Management (collectively, the "Lenders"), have agreed to reduce the rate of interest on its existing senior secured term loan facility (the "Facility"). The agreement will lower Alvotech's interest payments in the first 12 months by an estimated US$8.2 million. This is an outcome of Alvotech's sustained operational improvements and strengthened financial performance over the past year.
"Since last year, we have shown significant revenue growth, operating profits and positive adjusted EBITDA, and we expect to be able to fund future growth based on milestone and product revenue. Being able to reduce our cost of capital demonstrates great confidence, by a group of experienced healthcare investors, in Alvotech's leadership, our pipeline progress and prospects for near-term product launches." said Joel Morales, Chief Financial Officer of Alvotech.
The Facility was funded in July 2024 and matures in July 2029. It originally consisted of two tranches: a $900 million first-out term loan tranche (the "first tranche"), with an interest rate of SOFR plus 6.5% per annum, and a $65 million second-out term loan tranche (the "second tranche"), with an interest rate of SOFR plus 10.5% per annum. In conjunction with this transaction, certain of the Lenders have agreed to increase the first tranche to include the second tranche, creating one single tranche going forward, further simplifying Alvotech's capital structure. The interest rate for this Facility will be SOFR plus 6.0% per annum, and all interest will be payable in cash. Following this transaction, the balance of the Facility is approximately $1,081 million and the Company's cash balance was approximately $152 million, as of June 25, 2025.

ALVO

Alvotech Secures Interest Rate Reduction on $1.1B Loan, Saving $8.2M in First-Year Payments

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.iff.com&amp;esheet=54282247&amp;newsitemid=20250626427440&amp;lan=en-US&amp;anchor=IFF&amp;index=1&amp;md5=0db764702d605eb4aee3402b59c01b45">IFF</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IFF#NYSE">IFF</a>)—a global leader in flavors, fragrances, food ingredients, health, and biosciences—announced the launch of <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.iff.com%2Ffood-beverage%2Ffood-bioscience%2Fcultures%2Fdairy-cultures%2Fchoozit-lift-lets-craft-the-future%2F&amp;esheet=54282247&amp;newsitemid=20250626427440&amp;lan=en-US&amp;anchor=CHOOZIT%26%23174%3B+LIFT&amp;index=2&amp;md5=76814795ef0868b75a090f6fea84f829">CHOOZIT&#xAE; LIFT</a>, a first-of-its-kind <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fbioscience.iff.com%2Fsolutions%2Ffood-and-beverages%2Fdairy%2Fcheese-cultures&amp;esheet=54282247&amp;newsitemid=20250626427440&amp;lan=en-US&amp;anchor=culture&amp;index=3&amp;md5=f7f5bcdb6a16df9b090c5cc564ef4e61">culture</a> developed to transform the production of semi-hard cheeses for significant <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.iff.com%2Fsustainability%2F&amp;esheet=54282247&amp;newsitemid=20250626427440&amp;lan=en-US&amp;anchor=sustainability&amp;index=4&amp;md5=eff55df0ef84eccc37a3ce7e30a16c20">sustainability</a> and business benefits. Leveraging the company's extensive <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.iff.com%2Fscience%2Finnovations%2F&amp;esheet=54282247&amp;newsitemid=20250626427440&amp;lan=en-US&amp;anchor=bioscience&amp;index=5&amp;md5=d3fd796ea43b1065ef4e067ed6a17a7d">bioscience</a> expertise, the solution combines advanced strain design with practical <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.iff.com%2Ffood-beverage%2Fdairy%2F&amp;esheet=54282247&amp;newsitemid=20250626427440&amp;lan=en-US&amp;anchor=cheesemaking&amp;index=6&amp;md5=a06d521350046cc3a65883f2cc62596d">cheesemaking</a> knowledge to eliminate the curd washing step from the process entirely. In doing so, this novel culture helps reduce water and energy use in production while maintaining the high quality of the final products to meet consumer expectations.

IFF's New CHOOZIT LIFT Culture Cuts Water and Energy Use in Cheese Making While Maintaining Quality

Apollo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) today announced that funds managed by its affiliates (the "Apollo Funds") have agreed to sell their interest in MAFTEC Group Co., Ltd. ("MAFTEC" or the "Company"), a Japan based global leader in ultra-high temperature heat insulating solutions serving the automotive and industrial end-markets, to funds managed by Advantage Partners.
MAFTEC was formed through the separation of Mitsubishi Chemical's Thermal and Emission Control Materials business, which was acquired by the Apollo Funds in March 2022. As a strategic partner, the Apollo team played a pivotal role in supporting the design and launch of the MAFTEC&#x2122;&nbsp;product suite, which helped to form the Company's foundation in the marketplace and drove significant EBITDA expansion over the past three years.

Asset Sales

Apollo to Sell Stake in MAFTEC, a Leader in Heat Insulating Solutions for Automotive and Industrial Markets

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Satya Nadella called Palantir Technologies Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) Forward Deployed Engineer model &#8220;fantastic&#8221; at a Y Combinator event, prompting industry debate about the data analytics company&#8217;s unique approach to product development.
What Happened: Chad Wahlquist, Forward Deployed Architect at Palantir, responded to Nadella&#8217;s comments on X, rejecting misconceptions about the FDE model. &#8220;Many mistakenly believe the FDE model is just a new name for a change management consulting model. False,&#8221; Wahlquist wrote.
The FDE approach places engineers directly with customers to build products at the point of need rather than relying on traditional consulting methodologies. 
&#8220;FDEs build the product customers need, when they need it, at the edge,&#8221; Wahlquist explained. &#8220;The feedback loop from FDEs experiencing customer pain at the edge and turning it into product allows us to cycle and build the right product much faster.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Many mistakenly believe the FDE model is just a new name for a change management consulting model. False. FDEs build the product customers need, when they need it, at the edge. The feedback loop from FDEs experiencing customer pain at the edge and turning it into product allows… <a href="https://t.co/n5Z4d9W14P">https://t.co/n5Z4d9W14P</a>
&mdash; Chad Wahlquist (@chadwahl) <a href="https://twitter.com/chadwahl/status/1937994139280551978?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
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</figure>
This methodology differs significantly from traditional enterprise software sales cycles. Where companies like Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) and Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) rely on lengthy relationship-building processes, Palantir embeds technical experts directly with <a href="https://www.benzinga.com/markets/equities/25/06/45738764/garry-tan-says-founders-must-build-with-customers-to-compete-with-giants-like-salesforce-oracle-you-cant-farm-this-out">clients using its Foundry platform</a>.
Y Combinator CEO Garry Tan, who worked at Palantir from 2005 to 2007, previously outlined how FDEs sit with clients like FBI agents <a href="https://www.benzinga.com/markets/equities/25/06/45738764/garry-tan-says-founders-must-build-with-customers-to-compete-with-giants-like-salesforce-oracle-you-cant-farm-this-out">investigating domestic terrorism</a>, observing actual workflows. &#8220;Instead of the next meeting being reviewing 50 pages of sales documentation, it&#8217;s literally like &#8216;Okay we built it,'&#8221; Tan said on the Lightcone Podcast.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46107638/mark-zuckerbergs-meta-beats-lawsuit-over-ai-training-on-books-judge-finds-no-meaningful-evidence-on-market-dilution">Mark Zuckerberg&#8217;s Meta Beats Lawsuit Over AI Training On Books, Judge Finds &#8216;No Meaningful Evidence On Market Dilution&#8217;</a>
Why It Matters: The model&#8217;s effectiveness has attracted attention from major financial institutions. JPMorgan Chase &amp; Co. CEO Jamie Dimon recalled his 2012 encounter with Palantir: &#8220;I remember sitting down with the Palantir people and going through this AI thing saying holy Christ this is this is unbelievable.&#8221; 
JPMorgan subsequently established its own AI department and <a href="https://www.benzinga.com/markets/tech/25/06/45897537/jamie-dimon-recalls-first-palantir-meeting-holy-christ-this-is-unbelievable-jpmorgan-now-has-600-ai-use-cases-2-billion-annual-investment-on-ai">now invests $2 billion annually in artificial intelligence</a> across 600 active use cases.
Palantir shares have surged over 492% in the past 12 months, reaching new all-time highs near $143. The company recently raised 2025 revenue guidance to $3.89-3.90 billion while projecting adjusted free <a href="https://www.benzinga.com/markets/equities/25/06/45738764/garry-tan-says-founders-must-build-with-customers-to-compete-with-giants-like-salesforce-oracle-you-cant-farm-this-out">cash flow between $1.6-1.8 billion</a>. Recent catalysts include a $795 million Defense Department contract and commercial partnerships.
According to&nbsp;Benzinga&#8217;s Edge Stock Rankings, Palantir shows strong Short-, Medium-, and Long-Term Price Trends. Here&#8217;s&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">how the stock performs across other key metrics</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 decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26032154/Screenshot-2025-06-26-at-12.50.39%E2%80%AFPM.png" alt="" class="wp-image-962683" style="width:434px;height:auto" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/news/politics/25/06/46106134/bernie-sanders-shares-first-thing-he-would-do-as-president-and-it-could-be-a-jab-at-elon-musk" target="_blank" rel="noreferrer noopener">Bernie Sanders Shares First Thing He Would Do As President — And It Could Be A Jab At Elon Musk</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: slyellow / Shutterstock.com

ORCL

PLTR

Microsoft CEO Satya Nadella Praises Palantir's FDE Model As 'Fantastic'—Insiders Say It's Not Consulting, It Builds 'The Product Customers Need'

Health Secretary Robert F. Kennedy Jr.'s newly reconstituted vaccine advisory panel is facing criticism from medical experts and former federal officials after its first meeting strayed sharply from established scientific review norms.
What Happened: On Wednesday, the Advisory Committee on Immunization Practices reconvened under controversy, just weeks after Kennedy dismissed all 17 previous members of the committee and replaced them with his appointees, according to Reuters.
Criticism has since intensified after the panel&#8217;s agenda was abruptly changed only one day before the meeting, while adding a presentation on thimerosal, a vaccine preservative whose alleged risks have been repeatedly debunked by mainstream science. 
The presentation was delivered by Lyn Redwood, former leader of Children&#8217;s Health Defense, an anti-vaccine organization originally founded by Kennedy himself.
The reconstituted panel is already seeing a fallout, with Dr. Michael Ross, one of the newly appointed members, resigning unexpectedly before the first meeting was held. Two other Centers for Disease Control and Prevention staff members also left amid the chaos.
At least half of Kennedy&#8217;s appointees have publicly questioned vaccine safety in the past, leading organizations such as the American Academy of Pediatrics, a non-voting participant of these meetings, to skip, citing a lack of scientific credibility and procedural transparency. The organization plans to publish its evidence-based childhood vaccine schedules instead.
The panel&#8217;s chair, Dr. Martin Kulldorff, stated that the committee would review individual vaccines, as well as the cumulative effects and scheduling of childhood immunizations.
The committee also postponed a key vote on an RSV vaccine intended for children, further heightening uncertainty around upcoming vaccine recommendations.
Why It Matters: The overhaul of the CDC's vaccine schedules stands to have a significant impact on pharma companies, especially those with exposure to childhood vaccines. 
For instance, Pfizer Inc. and Moderna Inc., with their Respiratory Syncytial Virus (RSV) vaccines, stand to see some headwinds due to the committee postponing its vote on the vaccine.
Similarly, Merck &amp; Co. Inc., having reported $540 million in revenue during its <a href="https://www.benzinga.com/general/biotech/25/04/44983460/mercks-q1-earnings-beat-wall-street-adjusts-2025-profit-outlook-as-tariffs-may-result-in-incremental-cost-of-200-million">first quarter results</a> from its <a href="https://www.benzinga.com/trading-ideas/long-ideas/19/04/13514693/nyc-mandates-measles-vaccinations-merck-is-the-exclusive-manufacturer">measles-mumps-rubella (MMR) vaccine</a> series, could see a material impact as a result of the vaccine advisory committee&#8217;s stance.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Company</th>
<th>Potential Impact</th>
<th class="has-text-align-center" data-align="center">YTD Performance</th>
</tr>
</thead>
<tbody>
<tr>
<td>Merck &amp; Co Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>)</td>
<td>Outsized exposure to childhood vaccination schedules, with its MMR series.</td>
<td class="has-text-align-center" data-align="center">-19.66%</td>
</tr>
<tr>
<td>Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>)</td>
<td>Delays in the approval of its RSV vaccines</td>
<td class="has-text-align-center" data-align="center">-8.83%</td>
</tr>
<tr>
<td>Moderna (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>)</td>
<td>RSV vaccine delays, along with the dropped COVID-19 vaccine mandate for pregnant women.</td>
<td class="has-text-align-center" data-align="center">-36.05%</td>
</tr>
</tbody>
</table>
</figure>
Price Action: Merck shares were down 0.81% on Wednesday, trading at $79.67, with the stock trading up 0.04% 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="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26030246/Screenshot-2025-06-26-at-12.32.31-PM-1024x147.png" alt="" class="wp-image-962643" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26030246/Screenshot-2025-06-26-at-12.32.31-PM-1024x147.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26030246/Screenshot-2025-06-26-at-12.32.31-PM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26030246/Screenshot-2025-06-26-at-12.32.31-PM-768x110.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26030246/Screenshot-2025-06-26-at-12.32.31-PM.png 1536w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Merck scores well on Growth in Benzinga&#8217;s Edge Stock Rankings, with a favorable price trend in the short term. How does it compare with Pfizer and Moderna? Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> to find out.
Read Next:
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<li><a href="https://www.benzinga.com/news/politics/25/06/46106134/bernie-sanders-shares-first-thing-he-would-do-as-president-and-it-could-be-a-jab-at-elon-musk" target="_blank" rel="noreferrer noopener">Bernie Sanders Shares First Thing He Would Do As President — And It Could Be A Jab At Elon Musk</a></li>
</ul>
Photo courtesy: lev radin / Shutterstock.com

Politics

MRNA

RFK Jr. Overhauls CDC Vaccine Panel, Sparking Expert Backlash, Boycott From Top Medical Group

Warren Buffett&#8216;s Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) is reportedly no longer enjoying the &#8220;Buffett premium&#8221; that once made its stock a hot commodity, according to analysts.
What Happened: Investors have historically been willing to pay a premium for Berkshire Hathaway&#8217;s stock due to Buffett&#8217;s credibility and history of successful investments. However, this premium is now in question, <a href="https://www.marketwatch.com/story/the-vanishing-buffett-premium-has-berkshire-hathaway-lost-the-oracle-of-omahas-aura-38cd10ed">MarketWatch</a> reported.
Though not precisely measurable, the &#8220;Buffett premium&#8221; is often assessed by comparing the stock's market value to its intrinsic value or price-to-book ratio.
Investors seem to be growing reluctant to pay a premium for Berkshire's stock, with Class B shares trading at 1.5 times book value as of Monday close—down from a recent high of about 1.7 times on May 2, the last trading day before the company's annual shareholder meeting, as per MarketWatch data. 
Since Buffett revealed his intention to step down as CEO by year-end and hand over the reins to Greg Abel, Berkshire's Class B shares have fallen nearly 5%. In contrast, the S&amp;P 500 has risen nearly 3% during the same timeframe.
Wellington-Altus Private Wealth&#8216;s Chief Market Strategist, Jim Thorn, commented, &#8220;It&#8217;s completely natural that the premium would be reduced until the market really gets a full handle on what Berkshire Hathaway looks like in this new environment, with Greg Abel solely at the helm.&#8221;
Thorn also reasoned that Buffett&#8217;s retirement announcement may not be the only reason. The market is growing &#8216;more comfortable&#8217; in President Donald Trump&#8216;s economic policies, viewing them as potentially less inflationary and possibly even addressing the deficit. 
Greggory Warren, a senior stock analyst at Morningstar, told MarketWatch that Buffett had the &#8220;luxury&#8221; from shareholders largely ignoring the numbers and not paying close attention to how Berkshire's returns have actually performed over the past 10 to 15 years.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/politics/25/06/46094069/iran-breaks-silence-says-nuclear-facilities-badly-damaged-by-us-strikes" target="_blank" rel="noreferrer noopener">Iran Breaks Silence, Says Nuclear Facilities &#8216;Badly Damaged&#8217; By US Strikes</a>
Why It Matters: The &#8220;Buffett premium&#8221; has been a significant factor in Berkshire Hathaway&#8217;s stock valuation for many years. However, with the impending change in leadership and shifts in market psychology, investors are re-evaluating the stock&#8217;s worth.
Buffett&#8217;s departure as CEO, announced in May, has been linked to the <a href="https://www.benzinga.com/news/management/25/05/45199066/berkshire-hathaway-stock-falls-following-buffetts-retirement-as-ceo">stock&#8217;s decline</a>. However, the company&#8217;s new CEO, Abel, has assured that the company&#8217;s investment philosophy will remain unchanged.
Despite the recent underperformance, Berkshire Hathaway has a solid balance sheet and a diversified portfolio, making&nbsp;it less sensitive to economic&nbsp;cycles and higher interest rates.&nbsp;The company&#8217;s future performance under Abel&#8217;s leadership, as well as the potential for changes in the company&#8217;s financial strategy, will be closely watched by investors.
Buffett&#8217;s investment approach, which focuses&nbsp;on corporate fundamentals, cash flow,&nbsp;and the intrinsic value of&nbsp;a company, has been&nbsp;<a href="https://www.benzinga.com/general/education/25/05/45684308/warren-buffett-net-worth-soars-in-2025-oracle-of-omaha-worth-as-much-as-jensen-huang-phil-knight-mark-cuban-combined">questioned in today&#8217;s market</a>, which favors growth stocks. Abel&#8217;s approach and potential changes to the company&#8217;s financial strategy will be crucial in determining the stock&#8217;s future performance.
On a year-to-date basis, the Berkshire Hathaway Class B shares climbed 7.78%, outperforming the S&amp;P 500&#8217;s 3.8% gain during the same period. 
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/politics/25/06/46107353/trump-says-democrats-have-crossed-the-line-with-zohran-mamdani-bernie-sanders-elizabeth-warren-back" target="_blank" rel="noreferrer noopener">Trump Says Democrats Have &#8216;Crossed The Line&#8217; With Zohran Mamdani — Bernie Sanders, Elizabeth Warren Back New York Mayoral Candidate&#8217;s &#8216;Grassroots&#8217; Support</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.

'Buffett Premium' Fading Away? The Oracle Of Omaha's Retirement Casts Shadow On Berkshire Hathaway's Stock Value: Report

Anthony Pompliano's newly launched company, ProCap BTC, LLC, leapfrogged GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings after bagging another big BTC stash on Wednesday.
What happened: In an X post, well-known entrepreneur and investor Pompliano highlighted data from a Bitcoin holdings tracking site that placed his firm above the video game retailer.
ProCap bought 1,208 BTC at an average price of $105,977, following a purchase of 3,724 BTC a day earlier. Its reserve has swelled to 4,932 BTC, worth $532 million at current prices. GameStop's treasury had 4,710 BTC, worth $508 million, as of this writing.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We now hold more bitcoin than Gamestop. The race is on to acquire as many bitcoin as possible.<a href="https://twitter.com/search?q=%24CCCM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$CCCM</a> <a href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GME</a> <a href="https://t.co/Z2RdDl1nYi">pic.twitter.com/Z2RdDl1nYi</a>
&mdash; Anthony Pompliano &#x1f32a; (@APompliano) <a href="https://twitter.com/APompliano/status/1937877415671316923?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Procap climbed to 13th place in the list, although considerably behind MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), which hopped on the Bitcoin treasury bandwagon much earlier.
Michael Saylor's Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) was sitting pretty at the top with 592,345 BTC, worth nearly $64 billion.
"The race is on to acquire as many Bitcoin as possible," Pompliano said in the post.
See Also:<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46043263/crypto-friendly-startup-bank-circles-stock-surge-and-more-this-week-in-crypto"> </a><a href="https://www.benzinga.com/news/25/06/46108786/fannie-and-freddie-directed-to-consider-crypto-mortgages-by-us-housing-regulator-but-michael-saylor-thinks-its-only-bitcoin-that-has-entered-the-american-dream">Fannie And Freddie Directed To Consider Crypto Mortgages By US Housing Regulator, But Michael Saylor Thinks It&#8217;s Only Bitcoin That Has &#8216;Entered The American Dream&#8217;</a>
Why It Matters: Pompliano's firm started buying BTC within 24 hours of announcing a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46087988/anthony-pompliano-says-companies-following-michael-saylors-playbook-may-have-raised-large-s">$1 billion business combination</a> and over $750 million in fundraising, claiming a unique structure that allows it to buy the leading cryptocurrency immediately after raising funds.
The company is set to merge with Columbus Circle Capital I Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCCM#NASDAQ">CCCM</a>) as part of a special purpose acquisition deal and go public under the name ProCap Financial, Inc.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $107,894.79, up 1.38% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Shares of CCCM were up 1.57% in after-hours trading after sliding 5.09% to $10.82 during Wednesday's regular trading session.
Looking for the best cryptocurrency stocks for your portfolio?&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a>&nbsp;can help identify the high-performing ones across Momentum, Quality, Growth, and Value categories.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/crypto/25/06/46107611/bitcoin-tops-this-key-level-as-institutions-pile-on-ethereum-dogecoin-rangebound-analyst-says-buying-btc-now-is-like-buying-it-for-20000-in-2020">Bitcoin Tops This Key Level As Institutions Pile On, Ethereum, Dogecoin Rangebound: Analyst Says Buying BTC Now Is Like Buying It For $20,000 In 2020</a></li>
</ul>
Photo: Shutterstock

CCCM

MARA

MSTR

RIOT

Anthony Pompliano's Company May Have Bought More Bitcoin Than GameStop, But Michael Saylor's Strategy And MARA Still Reign Supreme

Nippon Steel Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>) completed its acquisition of United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>), with President Donald Trump securing unprecedented &#8220;golden share&#8221; powers that grant the U.S. government veto authority over key corporate decisions.
What Happened: The $14 billion transaction transforms U.S. Steel into a wholly owned subsidiary of Nippon Steel North America, according to U.S. Securities and Exchange Commission filings. U.S. Steel shares ceased trading on the New York Stock Exchange last week, with delisting effective June 30.
Trump&#8217;s approval came through a National Security Agreement signed June 13 between the companies and the U.S. Treasury and Commerce departments. 
The golden share mechanism gives the current president veto power over U.S. Steel&#8217;s name changes, headquarters relocation from Pittsburgh, production shifts overseas, facility closures, and material acquisitions of competing U.S. businesses.
The structure ensures future presidents will inherit these oversight powers, creating permanent government influence over the iconic steelmaker&#8217;s strategic decisions. According <a href="https://www.cnbc.com/2025/06/18/us-steel-ceases-trading-on-the-nyse-as-japans-nippon-finalizes-takeover.html">to</a> CNBC, under the NSA terms, U.S. Steel&#8217;s board majority and CEO must remain U.S. citizens, while the company stays incorporated domestically.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46107638/mark-zuckerbergs-meta-beats-lawsuit-over-ai-training-on-books-judge-finds-no-meaningful-evidence-on-market-dilution">Mark Zuckerberg&#8217;s Meta Beats Lawsuit Over AI Training On Books, Judge Finds &#8216;No Meaningful Evidence On Market Dilution&#8217;</a>
Why It Matters: Nippon Steel committed $11 billion in U.S. investments by 2028, including $1 billion for a new greenfield facility. The companies pledged to protect over 100,000 jobs while <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45961309/us-steel-stock-soars-as-nippon-steel-partnership-gets-green-light-from-white-house">maintaining domestic production capacity</a>.
The deal reverses Biden administration opposition, which blocked the acquisition in January, citing national security concerns. Trump initially opposed the takeover during his 2024 campaign but ordered a fresh review after taking office in January.
U.S. Steel stock <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45961309/us-steel-stock-soars-as-nippon-steel-partnership-gets-green-light-from-white-house">surged 5.10% to $54.85 on approval news</a>, with trading volume exceeding 14 million shares compared to the 100-day average of 8.55 million shares. The company&#8217;s shares reached $54.97 before the trading suspension.
The transaction required <a href="https://www.benzinga.com/m-a/25/06/45960965/us-steel-stock-rallies-after-trump-approves-nippon-steel-deal">multiple regulatory clearances</a>, including the Department of Justice antitrust review. Trump simultaneously doubled steel import tariffs to 50% to protect domestic production while approving the foreign acquisition.
Read Next: 
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<li><a href="https://www.benzinga.com/news/25/06/46108786/fannie-and-freddie-directed-to-consider-crypto-mortgages-by-us-housing-regulator-but-michael-saylor-thinks-its-only-bitcoin-that-has-entered-the-american-dream">Fannie And Freddie Directed To Consider Crypto Mortgages By US Housing Regulator, But Michael Saylor Thinks It&#8217;s Only Bitcoin That Has &#8216;Entered The American Dream&#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: T. Schneider / Shutterstock.com

NPSCY

Trump Gets 'Golden Share' In $14 Billion US Steel Deal, But Control Shifts To Federal Agencies Under Future Presidents

OpenAI and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) are reportedly in a dispute over a contractual clause <a href="https://www.benzinga.com/markets/tech/25/06/46093513/sam-altman-crushes-openai-microsoft-feud-rumors-hails-really-wonderfully-good-bond-with-satya-nadella">regarding access</a> to Artificial General Intelligence (AGI).
What Happened: The two companies are at odds over a provision in their partnership agreement that would limit Microsoft's access to AGI once OpenAI achieves it, reported Reuters (<a href="https://www.theinformation.com/articles/openai-microsoft-duel-agi-high-stakes-negotiation">via</a> The Information).
Microsoft has requested that OpenAI remove the clause, but the company has reportedly refused.
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>
In response to the ongoing talks, both companies gave a joint statement to the publication, saying, &#8220;We have a long-term, productive partnership that has delivered amazing AI tools for everyone. Talks are ongoing and we are optimistic we will continue to build together for years to come.&#8221;
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&#8217;s Important: Previously, during a New York Times podcast interview, OpenAI CEO Sam Altman <a href="https://www.benzinga.com/markets/tech/25/06/46093513/sam-altman-crushes-openai-microsoft-feud-rumors-hails-really-wonderfully-good-bond-with-satya-nadella">addressed rumors of tension</a> with Microsoft, confirming the tech giant remains supportive and that he had a "super nice call" with Satya Nadella.
While he acknowledged some friction, he said that the partnership has been mutually beneficial.
Last month, it was reported that OpenAI plans to <a href="https://www.benzinga.com/25/05/45244190/microsoft-faces-fresh-revenue-hit-as-openai-plans-to-reduce-payouts-by-2030-report">reduce the share of revenue</a> it pays to Microsoft from 20% to 10% by 2030, according to internal financial projections shared with investors.
Earlier this month, OpenAI also confirmed that its <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">annualized revenue run rate</a> has doubled to $10 billion, up from $5.5 billion at the end of 2024. This figure excludes Microsoft licensing and large one-time deals, focusing on recurring revenue.
ChatGPT now has 500 million weekly active users as of March.
Benzinga's Edge Stock Rankings show a positive outlook for Microsoft 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">Additional detailed metrics are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26031255/Screenshot-2025-06-26-at-12.41.13%E2%80%AFPM.png" alt="" class="wp-image-962664" /></a></figure>
Photo Courtesy: Ascannio On Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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OpenAI And Microsoft Reportedly At Odds Over Access To Artificial General Intelligence: 'Talks Are Ongoing And We Are Optimistic'

Japan's chief trade negotiator, Ryosei Akazawa, said that the country cannot accept U.S. President Donald Trump's 25% auto tariffs as trade talks continue with the seventh round set to take place in Washington.
What Happened: "We have repeatedly explained to the U.S. that Japan's automobile industry has made an enormous contribution to the U.S. economy," Akazawa said, according to Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-06-26/japan-can-t-accept-us-s-25-car-tariffs-akazawa-reiterates">on</a> Thursday.
Akazawa added that the country wants to explain this "clearly" to the Trump administration and "seek understanding," between the two countries.
Japanese automotive companies produce over 3.3 million vehicles annually in the U.S. and export about 300,000 of these vehicles to other countries, the report suggests.
"In any case, we consider the 25% automobile tariff to be unacceptable," Akazawa said. He also said that Japan ships 1.67 million vehicles to the U.S. However, Japanese automobile manufacturers invested over $60 billion in the country and created over 2.3 million local jobs.
Why It Matters: Akazawa's comments follow Trump's <a href="https://www.benzinga.com/markets/tech/25/06/45942264/trump-to-meet-japanese-prime-minister-shigeru-ishiba-to-discuss-auto-tariffs-at-g7-report">scheduled meeting</a> with Japanese Prime Minister Shigeru Ishiba over the tariffs, among other issues, at the G7 summit. However, the planned meeting could not take place as Trump left the summit early due to the <a href="https://www.benzinga.com/news/politics/25/06/46107752/trump-announces-iran-nuclear-talks-following-us-strikes-that-severely-damaged-iranian-nuclear-program">Israel-Iran conflict</a>.
Tariffs have affected several manufacturers in the U.S., as most recently, Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) announced it will be <a href="https://www.benzinga.com/markets/tech/25/06/46041326/toyota-to-increase-us-vehicle-prices-by-over-200-starting-july-amid-trumps-auto-tariffs-report">hiking vehicle prices by $200</a> starting in July. This comes in as Trump had earlier suggested he <a href="https://www.benzinga.com/markets/tech/25/06/45919154/trump-says-he-may-hike-auto-tariffs-again-to-boost-domestic-production-the-higher-you-go-they-build-a-plant-here">may hike auto tariffs</a> in a bid to boost domestic production. 
Elsewhere, Sen. Elizabeth Warren (D-Mass) warned that Trump's "dumb trade war" was <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46107536/elizabeth-warren-blames-trumps-dumb-trade-war-for-feds-grim-outlook-the-president-is-standing-in-the-way-of-lower-rates-and-lower-costs">standing in the way</a> of lower costs for the country. "Chair Powell confirmed Trump&#8217;s dumb trade war is driving the Fed&#8217;s forecast of higher inflation," she said.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Photo courtesy: Rawpixel.com / Shutterstock.com

Japan's Top Trade Negotiator Calls Trump's 25% Auto Tariffs 'Unacceptable' Amid Ongoing Talks

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Comedian and podcaster Joe Rogan and Sen. Bernie Sanders (I-VT) spoke openly in their latest conversation on &#8220;<a href="https://www.youtube.com/watch?v=mYVzme2fybU">The Joe Rogan Experience</a>,&#8221; diving deep into the realities of low wages, automation, corporate greed, and the future of human purpose in a tech-driven world.
<h2 class="wp-block-heading">Three Hours Of Work For A Sandwich?</h2>
&#8220;When it comes to labor, when it comes to minimum wage, I think you and I are in agreement,&#8221; Rogan told Sanders. "The minimum wage in this country is ridiculous," Rogan continued, echoing a frustration felt by millions of Americans about the low federal minimum wage. "It's insane," he said. "How do you live off $7?"
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He referenced a viral video of someone buying a $25 sub and added, "Imagine you have to work three and a half hours just to pay for a sandwich. That's insane. How do you eat dinner, how do you eat lunch, how do you eat breakfast?"
Sanders, a longtime advocate for wage reform, agreed. &#8220;We are <a href="https://www.benzinga.com/news/politics/25/06/45877457/josh-hawley-peter-welch-propose-raising-federal-minimum-wage-to-15-by-2026-tied-to-inflation">trying to raise the minimum wage</a> to $17 an hour,&#8221; he said. &#8220;It&#8217;s going to be real difficult to live off of 17 bucks an hour, but at least you could get a sandwich in under two hours of work,&#8221; Rogan quipped.
In a January Senate <a href="https://www.youtube.com/watch?v=LDnRYsVgXcs">hearing</a>, Sanders <a href="https://www.benzinga.com/personal-finance/25/01/43234188/bernie-sanders-the-7-25-federal-minimum-wage-is-shameful-in-2025-america">called the current federal minimum wage</a> of $7.25 &#8220;shameful,&#8221; stating that millions of Americans are struggling to survive on what he called &#8220;starvation wages.&#8221;
Despite repeated attempts, Congress has failed to pass legislation to raise the federal minimum wage. Sanders continues to push for a federal standard, arguing that it's essential to protect all American workers.
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
<h2 class="wp-block-heading">Tech, Wages And The Future Of Work</h2>
The pair also discussed how technology has not resulted in better lives for workers. Sanders noted that real wages are actually <a href="https://www.benzinga.com/news/25/05/45394734/bernie-sanders-says-american-workers-are-angry-because-wages-havent-kept-up-they-are-lower-today-than-they-were-52-years-ago">lower now than they were 52 years ago</a>, despite massive gains in productivity.
Rogan agreed, saying it's now virtually impossible for one income to support a family. &#8220;That&#8217;s a giant issue,&#8221; he said.
Both also warned about artificial intelligence and automation. &#8220;There are signs advertising from AI companies saying &#8216;Don't hire humans,'&#8221; Sanders said with Rogan adding, &#8220;That&#8217;s demonic.&#8221;
<h2 class="wp-block-heading">What&#8217;s The Solution?</h2>
Sanders proposed <a href="https://www.benzinga.com/markets/tech/25/06/46089330/bernie-sanders-slams-job-cuts-says-ai-should-give-workers-more-time-off-instead-of-throwing-you-out-on-the-street">shortening the workweek to 32 hours</a> without reducing pay. &#8220;Instead of throwing you out on the street, I&#8217;m going to reduce your workweek,&#8221; he said. He argued that workers should share in the gains of technology.
Rogan worried about meaning and purpose in an <a href="https://www.benzinga.com/news/25/04/45029827/mechanize-raises-eyebrows-and-millions-tech-giants-and-famous-investors-rally-behind-ai-startup-aiming-to-fully-automate-the-global-workforce">automated world</a>. &#8220;Even if people have universal basic income, they don&#8217;t have meaning,&#8221; he said. Sanders agreed, saying, &#8220;You want to be a <a href="https://www.benzinga.com/news/25/03/44478242/joe-rogan-is-worried-about-people-who-just-want-a-good-job-and-support-their-families-when-thats-taken-away-from-people">productive member of society</a>.&#8221;
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<h2 class="wp-block-heading">Healthcare, Food And Education</h2>
Sanders then emphasized the importance of health care as a human right with Rogan agreeing, &#8220;Imagine if you were a diabetic and now you don&#8217;t have access to insulin because you lost your job.&#8221;
They criticized the food industry for selling addictive, harmful products. Rogan pointed out that companies sell healthier versions of the same products in Canada. &#8220;They look kind of plain,&#8221; he joked, &#8220;they don't have that bright pop to them that cancer gives you.&#8221;
<h2 class="wp-block-heading">A Call For Bold Change</h2>
&#8220;We are the wealthiest country in the history of the world,&#8221; Sanders said. &#8220;With all of this artificial intelligence and robotics, we are going to be wealthier. We&#8217;re not in the 1820s, where people had to work 100 hours a week to grow food to eat. You&#8217;re not in the 1920s, you&#8217;re in 2025. So, how do we utilize it to create a decent standard of living for all people?&#8221;
Rogan agreed. &#8220;If you really love America, you want more people to have a chance.&#8221;
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'The Minimum Wage In This Country Is Ridiculous,' Says Joe Rogan, Asks, 'How Do You Live Off $7?'

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The Trump family&#8217;s plans to manage a luxury hotel in Tel Aviv, Israel, have reportedly been thrown into uncertainty following missile strikes by Iran. The potential deal, which could see the Trumps&#8217; name added to the city&#8217;s skyline, has raised ethical and security concerns.
What Happened: Eric Trump, President Donald Trump&#8216;s second son, had initiated preliminary talks with the owners of a hotel in the Sarona district of Tel Aviv. The Sarona district is home to the Israel Defense Forces headquarters. The proposed deal would enable the Trump Organization to manage the property and add the Trump name to the city&#8217;s skyline, <a href="https://www.nytimes.com/2025/06/25/us/politics/israel-hotel-trump-destination-target.html">reported</a> The New York Times.
Despite the ceasefire announcement, the Trump Organization may reconsider its plans due to the ongoing regional tensions. &#8220;Israel has always been a market we would love to explore, but we have no plans at this time and any discussions have been strictly preliminary,&#8221; Eric commented.
However, the publication learned that Eric Trump hoped to finalize at least one agreement in Israel before the end of the year.
The potential deal underscores ethical and security concerns over the Trump Organization's global expansion, which blurs personal and presidential interests. Regardless of the Tel Aviv project&#8217;s outcome, the company has already secured deals in key Middle Eastern nations. SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/25/06/46107611/bitcoin-tops-this-key-level-as-institutions-pile-on-ethereum-dogecoin-rangebound-analyst-says-buying-btc-now-is-like-buying-it-for-20000-in-2020" target="_blank" rel="noreferrer noopener">Bitcoin Tops This Key Level As Institutions Pile On, Ethereum, Dogecoin Rangebound: Analyst Says Buying BTC Now Is Like Buying It For $20,000 In 2020 &#8211; Grayscale Bitcoin Mini Trust (BTC) Common units</a>
Why It Matters: The Trump Organization&#8217;s potential venture in Israel comes at a critical time in the region. On Wednesday, President Trump <a href="https://www.benzinga.com/news/politics/25/06/46107752/trump-announces-iran-nuclear-talks-following-us-strikes-that-severely-damaged-iranian-nuclear-program">announced</a> nuclear talks with Iran following U.S. air strikes that severely damaged Tehran&#8217;s nuclear capabilities.
These developments have significant implications for the stability of the region and the potential risks associated with the Trump Organization&#8217;s business interests.
Earlier in the year, the Trump administration had proposed a controversial plan to assume control over Gaza, which was met with immediate global&nbsp;<a href="https://www.benzinga.com/news/global/25/02/43514257/trump-administration-softens-gaza-takeover-proposal-as-middle-east-allies-reject-plan">backlash</a>. The administration later dialed back elements of the proposal, emphasizing a more limited role in the plan. These events underscore the complex and interconnected nature of U.S. foreign policy and business interests in the Middle East.
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Eric Trump Shelves Plan To Bring Trump-Branded Property In Israel's Tel Aviv Amid Ongoing Regional Tensions: Report

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