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GDEV

GDEV Inc is a gaming and entertainment holding company that oversees a portfolio of studios focused on developing and publishing live-service games across a range of platforms and genres. Its portfolio includes studios specializing in mobile, browser, and PC games, as well as captivating IPs spanning various genres.

Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Isomorphic Labs says its first artificial-intelligence-designed medicines are nearly ready for human testing.
What Happened: Isomorphic Labs President Colin Murdoch <a href="https://fortune.com/2025/07/06/deepmind-isomorphic-labs-cure-all-diseases-ai-now-first-human-trials/">spoke</a> to Fortune in an interview recently where he said, &#8220;There are people sitting in our office in King's Cross, London, collaborating with AI to design drugs for cancer right now.&#8221;
"The next big milestone is actually going out to clinical trials, starting to put these things into human beings," Murdoch added. "We're staffing up now. We're getting very close." Isomorphic, spun out of Google DeepMind in 2021, grew from AlphaFold, the program that predicts protein shapes with near-lab accuracy.
Murdoch said AlphaFold's latest version can simulate how candidate compounds bind to DNA and proteins, letting chemists iterate faster and more precisely. In 2024, Isomorphic <a href="https://www.benzinga.com/news/24/01/36528778/googles-ai-spin-off-isomorphic-labs-strikes-big-pharma-deals-paving-the-way-for-future-of-drug-disco">struck research pacts</a> with Novartis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>) and Eli Lilly (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) and, in April this year, raised $600 million led by Thrive Capital to build what Murdoch calls a "world-class drug design engine."
See also: <a href="https://www.benzinga.com/markets/tech/25/07/46268414/as-elon-musks-rift-with-donald-trump-deepens-former-google-executive-says-maga-and-tech-world-cant-thrive-without-each-other">As Elon Musk&#8217;s Rift With Donald Trump Deepens, Former Google Executive Says MAGA And Tech World Can&#8217;t Thrive Without Each Other</a>
"We're trying to do all these things: speed them up, reduce the cost, but also really improve the chance that we can be successful," he said.
Why It Matters: Rivals are rushing to the clinic as well. Recursion Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) expects seven programs to begin or read out human studies next year. On the other hand, Hong Kong-based Insilico Medicine earlier this year announced positive takeaways from <a href="https://www.clinicaltrialsarena.com/news/insilico-announces-positive-results-from-phase-i-trials-of-ai-designed-ism5411/?cf-view">trials</a> of its AI-designed drug meant for the treatment of inflammatory bowel disease (IBD).
Investor interest is surging. Recursion shares <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45822228/recursion-pharmaceuticals-stock-surges-on-breakthrough-ai-model-launch-with-mit">jumped</a> 18% last month after unveiling an open-source binding-prediction model developed with MIT. Chipmakers are piling in, too. AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) just <a href="https://www.benzinga.com/25/01/42874399/amd-invests-20m-in-absci-to-boost-ai-drug-discovery">invested $20 million</a> in Absci to challenge Nvidia's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/markets/large-cap/25/06/45910197/nvidia-just-partnered-with-a-weight-loss-giant-but-its-not-about-pills">BioNeMo platform</a> in AI drug discovery.
Alphabet shares score high on Quality and Growth in Benzinga's Edge Stock Rankings and has a favorable price trend in the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Check&nbsp;here&nbsp;for deeper insights into the stock</a>.
<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="152" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07032034/goog-edge-1024x152.png" alt="" class="wp-image-974192" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07032034/goog-edge-1024x152.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07032034/goog-edge-300x45.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07032034/goog-edge-768x114.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07032034/goog-edge.png 1386w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo Courtesy: JHVEPhoto on Shutterstock.com
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</ul>

Health Care

General

GOOG

GOOGL

NVDA

RXRX

Alphabet-Backed Drug Discovery Firm Nears Human Trials Of AI-Developed Remedies, Says President: 'The Next Big Milestone Is…'

News

ELLO

Ellomay Reported 9-Year Power Purchase Agreement With Statkraft Covering 75% Capacity of Three Operating Italian Solar Plants Totaling 38MW

LGIH

Reported Thursday, LGI Homes June 2025 Closings Of 457 Homes And Q2 Total Of 1,323 Homes

Reported Thursday, ORIX USA Entered Agreement To Acquire Majority Stake In Hilco Global, With CEO Jeffrey Hecktman To Remain In Leadership

Reported Thursday, Quantum-Si Priced $50M Registered Direct Offering For 29,940,119 Common Shares At $1.67 Each, To A Single Institutional Investor

CMCSA

Reported Thursday, Comcast Announced Westlake Fiber Expansion To Deliver Xfinity And Comcast Business Services Across Palm Beach County

Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) FSD or Full-Self Driving Technology once again finds itself in the spotlight as a Robotaxi, while on FSD, nearly drove into a parked vehicle in Austin, Texas.
What Happened: The incident took place when a Tesla Model Y drove into a parked vehicle as it tried to navigate its way out of the area after dropping off its passenger, a video posted by YouTuber Dirty Tesla showcased <a href="https://youtu.be/N2l2KcwBXZ8?si=qUN8bwT1tHAorgOk&amp;t=292">on</a> Friday.
The vehicle did not cause serious injury or damage as the safety driver placed within the Robotaxi intervened just as the car was about to hit the parked vehicle, the YouTuber said.
Why It Matters: The news comes as Tesla has been under scrutiny for its FSD tech by the NHTSA, or the National Highway Traffic Safety Administration, over <a href="https://www.benzinga.com/markets/tech/25/06/46067027/tesla-robotaxi-faces-nhtsa-scrutiny-over-traffic-violations-during-austin-launch">possible traffic violations</a>.
Experts like Gerber Kawasaki's co-founder Ross Gerber have also <a href="https://www.benzinga.com/markets/tech/25/07/46267553/elon-musks-tesla-must-embrace-lidar-to-scale-fsd-says-ross-gerber">criticized the FSD tech</a> for its use of cameras instead of more advanced components like LiDAR, which autonomous taxi rival Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo uses.
Tesla shares <a href="https://www.benzinga.com/markets/tech/25/07/46267743/tesla-shares-fall-over-5-in-overnight-trading-as-elon-musk-jumps-back-into-politics">fell 5% overnight</a> as CEO Elon Musk found a new political party amid the billionaire's feud with U.S. President Donald Trump over the latter's tax policies.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="199" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07022732/TSLA-JUL-7-2025-2-1024x199.jpg" alt="" class="wp-image-974103" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07022732/TSLA-JUL-7-2025-2-1024x199.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07022732/TSLA-JUL-7-2025-2-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07022732/TSLA-JUL-7-2025-2-768x149.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07022732/TSLA-JUL-7-2025-2-1536x299.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07022732/TSLA-JUL-7-2025-2.jpg 1569w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla offers satisfactory Momentum while scoring well on the Growth and Quality metrics, but the stock offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Photo courtesy: Ken Wolter / Shutterstock.com

Tech

TSLA

Tesla's Full Self-Driving Tech Under Fire Again After Robotaxi Nearly Hits Parked Vehicle: Report

&#8220;Shark Tank&#8221; investor Kevin O&#8217;Leary is calling on U.S. policymakers to reverse export restrictions on artificial intelligence chips, arguing that blocking sales to adversaries like China could backfire by allowing competitors to establish their semiconductor ecosystems.
What Happened: Speaking on &#8220;The Diary of a CEO&#8221; podcast, O&#8217;Leary drew parallels between Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) strategy under Steve Jobs and the current AI chip battle involving Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). He described the chip as the &#8220;queen bee&#8221; that creates value through a surrounding community of programmers and developers.
&#8220;The computer, the chip is the queen bee,&#8221; O&#8217;Leary said. &#8220;But it has no value without the honeybees, which are the programmers around it that form a community that spend all of their energy writing code that works with the queen bee.&#8221;
O&#8217;Leary warned that current U.S. export controls on advanced semiconductors to China and Russia represent &#8220;bad policy&#8221; that could allow adversaries to develop competing platforms.
He specifically cited concerns about Huawei Technologies gaining ground while American companies like Nvidia face restricted market access.
&#8220;The minute you shut down a market and your adversary sends their queen bee in, which is Huawei, we can&#8217;t let that happen,&#8221; O&#8217;Leary stated. He suggested keeping adversaries &#8220;one generation behind&#8221; in chip technology rather than completely cutting off access.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46268037/after-microsoft-lays-off-9100-workers-xbox-executive-tells-fired-workers-to-turn-to-ai-for-mental-health-help">After Microsoft Lays Off 9,100 Workers, Xbox Executive Tells Fired Workers To Turn To AI For Mental Health Help</a>
Why It Matters: The comments come as the Trump administration considers new restrictions on AI chip exports to Malaysia and Thailand to prevent indirect supply routes to China. A draft Commerce Department <a href="https://www.benzinga.com/markets/asia/25/07/46266218/us-plans-to-restrict-ai-chip-exports-to-malaysia-thailand-to-curb-diversion-to-china">rule aims to curb semiconductor smuggling</a> through Southeast Asian intermediaries.
Nvidia has already removed China from its revenue guidance after export controls cost the company $2.5 billion in first-quarter revenue. CEO Jensen Huang told CNN that the <a href="https://www.benzinga.com/markets/equities/25/06/45918580/nvidia-drops-china-from-guidance-after-2-5-billion-q1-revenue-hit-ceo-jensen-huang-says-hes-not-">company will no longer include China</a> in forecasts due to ongoing restrictions.
Recent intelligence reports suggest that Chinese AI company DeepSeek has found workarounds to access large volumes of Nvidia&#8217;s H100 chips <a href="https://www.benzinga.com/markets/tech/25/06/46062695/nvidia-deepseek-ai-chips-us-china-military-news">despite export bans</a>. A senior State Department official told Reuters that DeepSeek supports China&#8217;s military and intelligence operations.
O&#8217;Leary&#8217;s advocacy reflects broader concerns among tech investors about losing global AI leadership. The veteran entrepreneur, who <a href="https://www.benzinga.com/personal-finance/entrepreneurship/25/07/46265862/kevin-oleary-says-youll-never-be-free-if-you-remain-an-employee-but-theres-actually-nothing-wrong-with-it-heres-why">sold his educational software company</a> SoftKey to Mattel for $3.7 billion in 1999, emphasized that restricting chip sales could ultimately benefit competitors.
&#8220;You create the hive with the queen in the middle,&#8221; O&#8217;Leary explained. &#8220;You convince every bee around to make the honey, which is the software, and that is the AI in this case.&#8221;
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<li><a href="https://www.benzinga.com/markets/equities/25/07/46268015/indian-billionaire-mukesh-ambanis-50-50-joint-venture-with-larry-finks-blackrock-raises-2-1-billion-in-debut-fund-offering">Indian Billionaire Mukesh Ambani&#8217;s 50-50 Joint Venture With Larry Fink&#8217;s BlackRock Raises $2.1 Billion In Debut Fund Offering</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: Kathy Hutchins / Shutterstock.com

AAPL

Steve Jobs Knew The Chip Was The Queen Bee—Kevin O'Leary Says US Must Let Nvidia Spread Its Hive: 'Convince Every Bee Around To Make The Honey'

As Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk continues to slam Donald Trump's "Big Beautiful Bill," the All-In Podcast panelists, including David Friedberg and Chamath Palihapitiya, caution that escalating tensions between MAGA and Silicon Valley could destabilize both political and technological progress.
What Happened: On the July 4 episode of the All-In Podcast, the panel dissected the growing rift between Musk and Trump, sparked by the Tesla CEO&#8217;s criticism of the tax and spending package that <a href="https://www.benzinga.com/markets/equities/25/05/45536595/big-beautiful-bill-will-explode-the-deficit-and-make-the-rich-richer-congressional-budget-office-estimates-4-income-fall-for-lowest-decile-of-americans-by-2033">adds $3.8 trillion to the deficit</a>.
Friedberg, who was one of the early Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) executives, defended Musk's frustration, saying, "We are in a debt-death spiral and they [critics of the bill] are absolutely correct. So I don&#8217;t think that Elon is off the reservation when he makes those comments."
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/07/46267553/elon-musks-tesla-must-embrace-lidar-to-scale-fsd-says-ross-gerber" target="_blank" rel="noreferrer noopener">Elon Musk's Tesla Must Embrace LiDAR To Scale FSD, Says Ross Gerber</a>
He spoke about the importance of government efficiency reforms Musk once pushed through the Department of Government Efficiency (DOGE), noting, "Elon's right with respect to the spending."
Friedberg warned, however, that mutual dependence between MAGA and tech is crucial. "I don't think MAGA can exist successfully without tech alignment. I don't think tech can exist without MAGA."
"I don&#8217;t think that these two can exist in isolation and in conflict with one another," he stated.
Chamath Palihapitiya downplayed the feud, suggesting the alliance would hold. "I think the reality is that when push comes to shove, I think that they agree on more things and they probably disagree."
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Why It's Important: On Saturday, Musk announced on X, "Today, the America Party is formed to give you back your freedom." The tech mogul also criticized the big beautiful bill's fiscal consequences, arguing that the U.S. had become "a one-party system, not a democracy."
<a href="https://www.benzinga.com/news/politics/25/07/46266957/trump-calls-america-party-a-train-wreck-blasts-elon-musk-for-going-completely-off-the-rails-president-says-system-not-designed-for-a-third-player">Trump fired back on</a> Truth Social, ridiculing the idea of a Musk-led third party, calling it a "train wreck." The President said that the system isn't built for third parties and they only bring "Disruption &amp; Chaos."
Musk was one of Trump's largest donors for the 2024 campaign and had headed DOGE before <a href="https://www.benzinga.com/news/politics/25/05/45708460/elon-musks-175-billion-in-doge-cut-falls-far-short-of-the-billionaires-goal-expect-to-achieve-over-time-the-trillion-dollars-of-savings-says-tesla-ceo">stepping down in May</a>.
Benzinga's Edge Stock Rankings indicate that TSLA continues to show a strong upward trend in the short, medium and long term. While its growth ranking is solid, its value score is relatively weaker. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance insights are available here</a>.
<figure class="wp-block-image size-full"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07025915/Screenshot-2025-07-07-at-9.52.07%E2%80%AFAM-1.png" alt="" class="wp-image-974159" /></figure>
Photo Courtesy: RKY Photo on Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46258669/tesla-made-2-76-billion-from-zev-credits-in-2024-in-us-but-trumps-tax-bill-just-killed-this-revenue-stream" target="_blank" rel="noreferrer noopener">Tesla Made $2.76 Billion From ZEV Credits In 2024 In US But Trump's Tax Bill Just Killed This Revenue Stream</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

As Elon Musk's Rift With Donald Trump Deepens, Former Google Executive Says MAGA And Tech World Can't Thrive Without Each Other

The Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) ecosystem announced Sunday a partnership with token launchpad DegenSafe, aiming to bring a safer alternative to memecoin deployment and protect traders&#8217; interests.
What Happened:&nbsp;Shiba Inu&#8217;s official X handle quoted DegenSafe&#8217;s post on its new product, saying, &#8220;From meme coins to mechanics, we&#8217;re reshaping what Web3 can be. DegenSafe is only the beginning.&#8221;
DegenSafe is marketing itself as a <a href="https://degensafe.fun/#contact">reliable</a> token launching platform, offering to put in place adequate protections to ensure that retail traders who chase new launches don&#8217;t get scammed. This includes having a trust score for every project, a rug protection fund and a design that blocks snipers and bots.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">SHIB isn't just watching the space evolve — we're engineering the next phase. From memecoins to mechanics, we're reshaping what Web3 can be.<a href="https://twitter.com/degensafefun?ref_src=twsrc%5Etfw">@degensafefun</a> is just the beginning. &#x1f449; <a href="https://t.co/Y3bcYbPC75">https://t.co/Y3bcYbPC75</a> <a href="https://t.co/tm5O4zVmJf">https://t.co/tm5O4zVmJf</a>
&mdash; Shib (@Shibtoken) <a href="https://twitter.com/Shibtoken/status/1941966269101551874?ref_src=twsrc%5Etfw">July 6, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/news/politics/25/07/46266316/donald-trumps-approval-rating-jumps-among-baby-boomers-heres-whats-driving-it" target="_blank" rel="noreferrer noopener">Donald Trump&#8217;s Approval Rating Jumps Among Baby Boomers — Here&#8217;s What&#8217;s Driving It</a>
Why It Matters:&nbsp;Interestingly, DegenSafe pitched itself as an alternative to Pump.fun, the Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45775027/pump-funs-1b-token-plan-risks-undermining-solana-defi-fueling-meme-coin-scams-experts-warn">token launchpad</a> that has birthed several popular tokens in recent months, including the billion-dollar Fartcoin (CRYPTO: FARTCOIN).
Pump.fun&#8217;s increasing dominance in meme coin issuance has <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45775027/pump-funs-1b-token-plan-risks-undermining-solana-defi-fueling-meme-coin-scams-experts-warn">fueled concerns from some experts</a>, who believe it risks concentrating liquidity, destabilizing the Solana ecosystem, and encouraging fraudulent activity. The Shiba Inu community, led by mysterious lead Shytoshi Kusama, has been trying to position it as a <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42936962/shytoshi-kusama-outlines-treat-tokens-usefulness-ahead-of-launch-optimistic-whales-buy-up-shiba-inu">serious decentralized blockchain project.</a> Decentralized exchange ShibaSwap, Layer-2 chain Shibarium and the virtual space, Shib: The Metaverse are some of the pieces of technology that the ecosystem has developed in recent years.
Price Action:  At the time of writing, SHIB was exchanging hands at $0.00001181, up 3.14% 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>.
Photo Courtesy: Digital Pixel on Shutterstock.com Read Next: 
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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$SOL

Shiba Inu Partners With New Token Lanchpad To Take On Solana-Based Rival That Birthed Fartcoin: 'Just The Beginning'

Reported Thursday, Humana's CenterWell To Acquire The Villages Health Assets Amid Strategic Bankruptcy Filing

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<tbody>
<tr>
<td colspan="5" rowspan="1">Revenues for June 2025</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Period</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">Y/Y Change</td>
<td colspan="1" rowspan="1">Y/Y (%)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">June</td>
<td colspan="1" rowspan="1">18,823,070</td>
<td colspan="1" rowspan="1">17,548,413</td>
<td colspan="1" rowspan="1">1,274,657</td>
<td colspan="1" rowspan="1">7.26%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Jan.-June</td>
<td colspan="1" rowspan="1">116,616,614</td>
<td colspan="1" rowspan="1">111,431,389</td>
<td colspan="1" rowspan="1">5,185,225</td>
<td colspan="1" rowspan="1">4.65%</td>
</tr>
</tbody>
</table>
</figure>

Reported Friday, United Microelectronics Reported June 2025 Sales Growth Of 7.26% YoY

Reported Friday, Autozi Internet Technology Receives Nasdaq Notice For Minimum Bid Price Non-Compliance, Has Until December 29 To Regain Compliance

<figure class="table"> 
<table>
<tbody>
<tr>
<td>2Q 2025</td>
<td>2Q 2024</td>
<td>1H 2025</td>
<td>1H 2024</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>China Market</td>
<td>318,719</td>
<td>207,552</td>
<td>501,784</td>
<td>317,667</td>
</tr>
<tr>
<td>International Markets</td>
<td>31,371</td>
<td>48,610</td>
<td>51,619</td>
<td>67,634</td>
</tr>
<tr>
<td>Total</td>
<td>350,090</td>
<td>256,162</td>
<td>553,403</td>
<td>385,301</td>
</tr>
</tbody>
</table>
</figure>
 In the second quarter of 2025, NIU sold 350,090 units, including e-motorcycles, e-mopeds, e-bicycles, kick-scooters and e-bikes. Sales in the China and international markets were 318,719 and 31,371 units, respectively.

Reported Friday, Niu Technologies Sells 350,090 Units In Q2 And 553,403 Units In H1 2025, Driven By Strong China Demand And Premium Product Performance

Professional gamblers and tax advisers are warning that a little-noticed line in Senate Republicans' 900-page "One Big Beautiful Bill" could make bettors pay income tax even when they break even.
What Happened: According to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-07-02/one-big-beautiful-bill-gamblers-raise-alarm-over-1-1-billion-tax-hike?sref=MTy2GeXk">report</a>, the measure caps gambling-loss write-offs at 90%, a change congressional scorekeepers say will raise $1.1 billion over the next decade.
Page 38 of the bill's Joint Committee on Taxation draft <a href="https://www.congress.gov/119/meeting/house/118260/documents/HMKP-119-WM00-20250513-SD002.pdf">amends</a> Internal Revenue Code Section 165(d) so "losses from wagering transactions shall be deductible only to the extent of 90% of such losses," leaving the final 10% fully taxable.
Until now, gamblers could offset winnings dollar-for-dollar with documented losses. A Senate GOP aide said the limit "aligns wagering with other itemized deductions," but critics call it a stealth tax hike.
"I've spoken to many clients and they're very concerned," Las Vegas CPA Zachary Zimbile said to Bloomberg. "Add a 10% penalty and it eats a lot of their profit."
Rep. Dina Titus (D-NV.), co-chair of the Congressional Gaming Caucus, vowed to draft a fix, saying the language punishes people who are trying to do the right thing by reporting gambling on their taxes.
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46267477/trump-threatens-10-additional-tariff-on-all-brics-aligned-nations-says-tariff-letters-drop-at-noon-monday">Trump Threatens 10% &#8216;Additional&#8217; Tariff On All BRICS-Aligned Nations, Says Tariff Letters Drop At Noon Monday</a>
Why It Matters: Gamblers flooded X and betting forums urging lawmakers to scrap the cap. In a video posted to X, professional poker player Phil Galford explained that a gambler who won $5.2 million in a year and lost $5 million, for a net income of $200,000, would pay taxes on actual winnings plus 10% of the losses.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This new amendment to the One Big Beautiful Bill Act would end professional gambling in the US and hurt casual gamblers, too. You could pay more in tax than you won. Contact your representative quickly. <a href="https://t.co/U5yToBZDcQ">pic.twitter.com/U5yToBZDcQ</a>
&mdash; Phil Galfond (@PhilGalfond) <a href="https://twitter.com/PhilGalfond/status/1940198538493010316?ref_src=twsrc%5Etfw">July 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
"You would make $200,000 during the year," he said. However, "you would pay tax as if you made $700,000, meaning in almost everybody's case you would pay more tax than you made during the year. Completely untenable. You can't be a professional gambler in the U.S. if this goes through."
Online heavyweights such as FanDuel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>), DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) and Kalshi have driven a surge in legal gambling just as lawmakers advance a tougher tax regime on bettors. Americans wagered a record $72 billion in 2024, 7.5% more than in 2023, across sports books, casino floors and digital platforms.
Photo Courtesy: MAYA LAB on Shutterstock.com
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INGM

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APGE

Reported Sunday, Apogee Therapeutics To Report Part A 16-Week Data From Phase 2 APEX Trial of APG777 In Moderate-To-Severe Atopic Dermatitis On July 7, 2025

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Reported Sunday, Valaris Secures $760M In Combined Backlog With 940-Day And 914-Day Drillship Contracts For DS-16 And DS-18

As Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) reels from sweeping layoffs affecting <a href="https://www.benzinga.com/markets/tech/25/07/46226585/microsoft-cuts-9000-jobs-in-second-2025-layoff">9,100 employees</a>, an Xbox executive's suggestion to use AI chatbots for emotional support has ignited fierce backlash online.
What Happened: Last week, Matt Turnbull, a leader at Xbox Game Studios, posted on LinkedIn that laid-off workers could turn to tools like ChatGPT and Copilot to cope with job loss and navigate their next steps.
"At a time when mental energy is scarce, these tools can help get you unstuck faster, calmer and with more clarity," Turnbull wrote.
He also shared prompt suggestions, such as asking AI to act as a career coach, improve resumes, or help reframe imposter syndrome.
His post drew immediate criticism and was later deleted. The backlash was swift across social media platforms, with people calling the advice tone-deaf, particularly in light of Microsoft's <a href="https://www.benzinga.com/25/01/42801720/microsoft-to-invest-80-billion-in-ai-data-centers-for-fiscal-2025">ongoing $80 billion investment</a> in AI infrastructure.
See Also:&nbsp;<a href="https://www.benzinga.com/news/education/25/06/45983347/jensen-huang-gave-12-6-million-to-charity-then-nvidias-stock-made-it-billions" target="_blank" rel="noreferrer noopener">Jensen Huang Gave $12.6 Million To Charity, Then Nvidia&#8217;s Stock Made It Billions</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The new Severance season is insanely good Matt Turnbull, Executive Producer at Xbox Game Studios Publishing &#8211; after the Microsoft layoffs <a href="https://t.co/MdCbrCQ28F">pic.twitter.com/MdCbrCQ28F</a>
&mdash; Ysqander (@Ysqander) <a href="https://twitter.com/Ysqander/status/1941117997722263903?ref_src=twsrc%5Etfw">July 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<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">Matt Turnbull is insane to ask people going through a hard mental crisis to talk to AI. I like AI, but with the reports that AI has been helping a psychosis among people with mental health issues, it is terribly irresponsible.
&mdash; iamglory (@iamglory) <a href="https://twitter.com/iamglory/status/1942067169103376403?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<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">Matt Turnbull really told the people who got fired over A.I. to use that same A.I. to find a job &#x1f937; To keep feeding the A.I. info as they got fired for it. <a href="https://t.co/XxnNTB0sGW">https://t.co/XxnNTB0sGW</a> <a href="https://t.co/N3K1Rbwh7h">pic.twitter.com/N3K1Rbwh7h</a>
&mdash; shmeef (@shmeef_) <a href="https://twitter.com/shmeef_/status/1941212937676521684?ref_src=twsrc%5Etfw">July 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: The layoffs impact under <a href="https://www.benzinga.com/markets/equities/25/07/46240607/microsoft-slashes-9000-jobs-while-mark-zuckerbergs-meta-poaches-20-million-worth-of-ai-talent-from-openai-investor-warns-of-jealousy-envy-and-helplessness-among-tech-workers-in-silic">4% of Microsoft's global workforce</a>, spanning various teams and regions. Within its gaming division — which includes Candy Crush owner King — Microsoft cut 200 jobs, continuing its workforce downsizing after shedding 6,000 roles in May.
In June, Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) cut about 140 jobs (1% of its workforce), <a href="https://www.benzinga.com/markets/tech/25/07/46199580/microsoft-rivian-intel-slash-jobs-in-june-tech-layoff-spree">mainly in manufacturing</a>.
Bumble, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>) announced it would lay off around 240 employees (30% of its staff) to boost efficiency and fund new product development.
Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google reduced its smart TV division by 25% (about 75 jobs) to shift resources toward AI projects.
Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) plans to cut 15–20% of its Foundry division and exit its automotive business to become more efficient.
Benzinga's Edge Stock Rankings show that MSFT maintains a strong upward trend over the short, medium and long term. Its momentum score remains robust, though its value ranking is comparatively weaker. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">You can find more detailed performance data here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07020417/Screenshot-2025-07-07-at-11.32.42%E2%80%AFAM.png" alt="" class="wp-image-974074" /></a></figure>
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo Courtesy: katuSka on Shutterstock.com
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After Microsoft Lays Off 9,100 Workers, Xbox Executive Tells Fired Workers To Turn To AI For Mental Health Help

Jio BlackRock Asset Management raised more than $2.1 billion across three cash and debt mutual fund schemes in its maiden offering, marking a significant milestone for the joint venture between Indian billionaire Mukesh Ambani&#8216;s Jio Financial Services and BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>).
What Happened: The three-day debut attracted investments from over 90 institutional investors and more than 67,000 retail investors, according to Reuters. The joint venture received its mutual fund license in May, enabling the launch of these initial schemes.
Jio BlackRock <a href="https://www.benzinga.com/markets/equities/24/10/41366648/blackrock-in-talks-to-deepen-ties-with-mukesh-ambani-for-private-credit-venture">represents a 50-50 partnership</a> between Jio Financial Services, a subsidiary of Reliance Industries Ltd., and U.S.-based BlackRock. The venture aims to capitalize on India&#8217;s underutilized financial investment market, where mutual fund assets represent only 16% of GDP compared to <a href="https://www.benzinga.com/news/23/07/33409437/billionaire-mukesh-ambanis-asset-management-venture-dangles-300m-proposal-to-lure-blackrock-back-to">the global average of 63%</a>.
BlackRock&#8217;s return to India&#8217;s asset management sector comes after the firm previously exited a joint venture with DSP Group in 2018. The new partnership leverages BlackRock&#8217;s investment management expertise with Jio Financial&#8217;s <a href="https://www.benzinga.com/news/23/07/33409437/billionaire-mukesh-ambanis-asset-management-venture-dangles-300m-proposal-to-lure-blackrock-back-to">technological capabilities and local market knowledge</a>.
See Also:&nbsp;<a href="https://www.benzinga.com/news/politics/25/07/46267477/trump-threatens-10-additional-tariff-on-all-brics-aligned-nations-says-tariff-letters-drop-at-noon-monday" target="_blank" rel="noreferrer noopener">Trump Threatens 10% ‘Additional' Tariff On All BRICS-Aligned Nations, Says Tariff Letters Drop At Noon Monday</a>
Why It Matters: Jio Financial Services, which separated from Reliance Industries in 2023, has been expanding its financial services footprint. In October, the company received Reserve Bank of India <a href="https://www.benzinga.com/markets/equities/24/10/41592891/jio-receives-rbi-nod-to-function-as-online-payment-aggregator">authorization to operate</a> as an online payment aggregator through its subsidiary Jio Payment Solutions.
The companies initially announced <a href="https://www.benzinga.com/news/23/07/33409437/billionaire-mukesh-ambanis-asset-management-venture-dangles-300m-proposal-to-lure-blackrock-back-to">plans to invest $150 million each</a> in the asset management venture. BlackRock Chairman and CEO Larry Fink has identified the <a href="https://www.benzinga.com/news/23/07/33409437/billionaire-mukesh-ambanis-asset-management-venture-dangles-300m-proposal-to-lure-blackrock-back-to">partnership as crucial for expanding the firm&#8217;s global presence </a>in high-growth markets.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Tada Images / Shutterstock.com

Equities

Indian Billionaire Mukesh Ambani's 50-50 Joint Venture With Larry Fink's BlackRock Raises $2.1 Billion In Debut Fund Offering

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Earnings

GDEV Announces Unaudited Results for the Third quarter and the First Nine Months of 2024

Management

GDEV Aligns Leadership as Founder and CEO Andrey Fadeev Appointed Chairperson of the Board

Dividends

GDEV Declares One-Time, Nonrecurring Special Cash Dividend of $3.31 Per Share

GDEV Provides Clarification In Respect Of Previously Announced Special Cash Dividend

GDEV announces results for the fourth quarter and full year 2024

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