Fundstrat Granny Shots US Large Cap ETF (ARCA: GRNY)

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The Fund, an actively-managed exchange-traded fund (ETF), seeks to achieve its investment objective by investing in U.S. large capitalization equity securities. The term granny shot is a basketball term that refers to an older, unconventional manner of shooting free throws. For the Fund, this term refers to the unique proprietary research process of Fund strat Capital, LLC (the Sub-Adviser).

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Fundstrat Granny Shots US Large Cap ETF

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Tom Lee compara Robinhood con Morgan Stanley para la generación joven, destacando su expansión en cripto y su diseño intuitivo.

Robinhood, el nuevo Morgan Stanley para la generación joven con enfoque en criptomonedas

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Amazon Web Services are launching a $6 million initiative to attract 30 U.S. startups to build AI applications using Meta&#8217;s open-source Llama model, positioning the partnership as a strategic counter to OpenAI&#8216;s closed-source dominance.
What Happened: The program offers each selected startup $200,000 in AWS cloud computing credits and six months of technical support from both companies&#8217; engineers. AWS Vice President Jon Jones <a href="https://edition.cnn.com/2025/07/16/tech/meta-aws-llama-ai-startups-partnership">told</a> CNN the initiative aims to &#8220;empower founders to build transformative AI using Llama models,&#8221; with applications opening this summer.
For Meta, the collaboration comes as CEO Mark Zuckerberg pours billions into AI development, recently creating a superintelligence team and offering compensation packages up to $300 million <a href="https://www.benzinga.com/news/24/03/37926522/mark-zuckerbergs-shiny-new-300m-diesel-powered-mega-yacht-casts-a-big-question-mark-on-his-climate-h">over four years to poach top researchers</a> from competitors, including OpenAI. 
The company hired OpenAI researchers Jason Wei and Hyung Won Chung for its AI lab, following Zuckerberg&#8217;s strategy to make Llama the <a href="https://www.benzinga.com/markets/tech/25/07/46434602/mark-zuckerbergs-meta-poaches-top-openai-researchers-jason-wei-and-hyung-won-chung-for-its-superintelligence-lab-report">industry standard for AI development</a>.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46460070/elon-musks-xai-faces-industry-backlash-over-reckless-ai-safety-practices-as-regulatory-scrutiny-intensifies">Elon Musk&#8217;s xAI Faces Industry Backlash Over &#8216;Reckless&#8217; AI Safety Practices As Regulatory Scrutiny Intensifies</a>
The partnership highlights the industry&#8217;s fundamental divide between open-source and closed-source AI models. While OpenAI&#8217;s ChatGPT and Anthropic&#8217;s Claude remain proprietary, Meta&#8217;s Llama provides free access to its underlying code. Zuckerberg argues open-source AI is &#8220;necessary for a positive AI future&#8221; and will democratize the technology&#8217;s benefits.
Why It Matters: AWS customers already use Llama for financial technology tools and customer relationship management systems for auto dealerships. The initiative could generate long-term revenue for Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) if startups continue using AWS services beyond the six-month program.
The timing coincides with Meta facing an $8 billion <a href="https://www.benzinga.com/news/legal/25/07/46458910/meta-shareholders-sue-mark-zuckerberg-peter-thiel-for-8-billion-over-privacy-violations-linked-to-cambridge-analytica-scandal">shareholder lawsuit over</a> Cambridge Analytica privacy violations and intense competition from ByteDance&#8217;s Swan mixed reality goggles. Meta has invested $16 billion in Reality Labs and plans additional data center <a href="https://www.benzinga.com/markets/tech/25/07/46425393/metas-metaverse-dreams-tested-by-new-bytedance-swan-goggles">investments to support its AI ambitions.</a>
&#8220;Startups are some of the most creative forces in tech,&#8221; said Ash Jhaveri, Meta&#8217;s vice president of AI partnerships. The program will select participants based on their technical capabilities and potential solution impact.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/large-cap/25/07/46458652/tim-cooks-new-job-is-keeping-trump-happy-says-economist-justin-wolfers-innovation-takes-a-back-seat-to-political-favoritism" target="_blank" rel="noreferrer noopener">Tim Cook's New Job Is Keeping Trump ‘Happy,' Says Economist Justin Wolfers: ‘Innovation Takes A Back Seat To Political Favoritism'</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: Skorzewiak on Shutterstock.com

Tech

AMZN

Meta, AWS Roll Out $6 Million Startup Program To Counter OpenAI, Make Llama The Go-To AI Model For Builders

Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFAI#NASDAQ">FFAI</a>) ("Faraday Future", "FF" or the "Company"), a California-based global shared intelligent electric mobility ecosystem company, announced today the final ultimate user experience, a glamper's car, out of eight in its 7-day countdown for the Global Initial Launch of the FX Super One MPV &amp; Super EAI F.A.C.E. &amp; FF EAI Embodied AI Agent 6 x 4 Architecture, that will take place in Los Angeles on July 17. The event will include a livestream option beginning at 7:30 pm PT through the FF app and FF.com for those interested in seeing the global reveal of the FX Super One MPV.

News

Faraday Future Intelligent Electric Inc. - Class A Common Stock

FFAI

Faraday Future Teases 'Glamper's Car' as It Gears Up for FX Super One Global Launch Event Tonight

Anthony Scaramucci, the founder of SkyBridge Capital and a vocal cryptocurrency backer, cautioned that the election of Zohran Mamdani as New York City&#8217;s mayor could lead to an exodus of the city&#8217;s wealthy, potentially causing significant economic strain.
What Happened: Speaking with the TheStreet&nbsp;Roundtable, Scaramucci expressed his concern about the potential impact of the Democratic nominee. 
&#8220;The aura of him will cause a flight from the city,&#8221; Scaramucci, a New Yorker himself, said. &#8220;It&#8217;ll cause happy feet, rich people to leave the city." 
Scaramucci said that&nbsp;New York&nbsp;has already lost "half a million&#8217; of the super-rich people since 2017 and predicted another 150,000 to 200,000 wealthy residents would leave if Mamdani wins.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f4fd;&#xFE0F;EXCLUSIVE: In a conversation with <a href="https://twitter.com/JamesCHeckman?ref_src=twsrc%5Etfw">@JamesCHeckman</a> and <a href="https://twitter.com/alpGasimov?ref_src=twsrc%5Etfw">@alpGasimov</a> , Anthony <a href="https://twitter.com/Scaramucci?ref_src=twsrc%5Etfw">@Scaramucci</a> warns NYC mayoral nominee <a href="https://twitter.com/ZohranKMamdani?ref_src=twsrc%5Etfw">@ZohranKMamdani</a> could drive out crypto capital and high earners. <a href="https://t.co/dPZzQq5MAt">pic.twitter.com/dPZzQq5MAt</a>
&mdash; Roundtable Network (@RTB_io) <a href="https://twitter.com/RTB_io/status/1945528693876572288?ref_src=twsrc%5Etfw">July 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Notably, a <a href="https://fiscalpolicy.org/wp-content/uploads/2023/12/FPI-Who-is-Leaving-Full-Report-Dec-2023.pdf">study</a> by the Fiscal Policy Institute found that the high-earner migration out of New York during the COVID years, i.e, 2020-2022, was temporary, primarily driven by work-from-home.
&#8220;While New York lost 2,400 millionaire households over the past three years (2020-2022), New York gained 17,500 millionaire households in the same period due to a strong economy and rising wages,&#8221; the report read.
The report also ruled out &#8220;statistically significant evidence&#8221; of tax migration in New York.
See Also:&nbsp;<a href="https://benzinga.com/crypto/25/07/46458867/bitcoin-ethereum-dogecoin-climb-amid-trump-powell-turbulence-analyst-says-btc-could-reach-3-trillion-market-cap-by-year-end-if-this-happens" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Climb Amid Trump-Powell Turbulence: Analyst Says BTC Could Reach $3 Trillion Market Cap By Year-End If This Happens &#8211; Grayscale Bitcoin Mini Trust (BTC) Common units of fra</a>
Why It Matters:&nbsp;Mamdani, the 33-year-old progressive state representative,&nbsp;<a href="https://www.benzinga.com/news/politics/25/06/46087359/zohran-mamdani-leads-nyc-mayoral-primary-a" target="_blank" rel="noreferrer noopener">emerged victorious</a>&nbsp;in the New York City Democratic mayoral primary. His proposals have sparked significant debate among the rich New Yorkers, particularly the proposal to raise income taxes on those earning $1 million a year or more by 2%, according to Reuters.
Billionaire entrepreneur Mark Cuban, who is also a vocal pro-cryptocurrency advocate,<a href="https://www.benzinga.com/news/politics/25/07/46412005/mark-cuban-refers-to-zohran-mamdani-as-trump-101-drawing-parallels-between-their-election-campaigns-this-guy-is-telling-me-hes-going-to-walk-on-water"> likened Mamdani&#8217;s campaign approach to &#8220;Trump 101</a>,&#8221; noting that both politicians center their campaigns on issues that resonate with voters, regardless of the feasibility of their promises.
Mamdani has <a href="https://www.benzinga.com/news/politics/25/06/46107353/trump-says-democrats-have-crossed-the-line-with-zohran-mamdani-bernie-sanders-elizabeth-warren-back-new-york-mayoral-candidates-grassroots-suppo">found support</a> from Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.) and Sen. Bernie Sanders&nbsp;(I-VT) for his focus on public welfare.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/topics/25/07/46262154/optics-over-results-new-yorks-zohran-mamdani-proposed-government-owned-grocery-stores-but-what-do-people-really-think-about-them">Optics Over Results? New York&#8217;s Zohran Mamdani Proposed Government-Owned Grocery Stores, But What Do People Really Think About Them</a></li>
</ul>
Photo courtesy: Ron Adar / Shutterstock.com

Politics

Anthony Scaramucci Says Zohran Mamdani As NYC Mayor Will Cause 'Happy Feet, Rich People To Leave The City'

U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) will release earnings results for the second quarter, before the <a href="https://www.benzinga.com/quote/USB/earnings">opening bell on Thursday, July 17</a>.
Analysts expect the Minneapolis, Minnesota-based company to report quarterly earnings at $1.07 per share. It reported 97 cents per share in the previous year. U.S. Bancorp is also projected to report quarterly revenue of $7.07 billion. Compare that to $6.84 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On July 1, U.S. Bancorp raised its quarterly cash dividend from 50 cents to 52 cents per share.
U.S. Bancorp shares slipped 0.02% to close at $45.68 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/USB/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Truist Securities analyst John McDonald maintained a Hold rating and raised the price target from $48 to $50 on July 9, 2025. This analyst has an accuracy rate of 68%.</li>
<li>Raymond James analyst Michael Rose upgraded the stock from Outperform to Strong Buy and increased the price target from $51 to $57 on July 7, 2025. This analyst has an accuracy rate of 69%.</li>
<li>Morgan Stanley analyst Betsy Graseck maintained an Overweight rating and raised the price target from $50 to $51 on July 3, 2025. This analyst has an accuracy rate of 61%.</li>
<li>Citigroup analyst Keith Horowitz maintained a Buy rating and increased the price target from $55 to $59 on July 2, 2025. This analyst has an accuracy rate of 78%.</li>
<li>Goldman Sachs analyst Richard Ramsden maintained a Neutral rating and raised the price target from $41 to $46 on June 10, 2025. This analyst has an accuracy rate of 71%</li>
</ul>
Considering buying USB stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/USB/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="574" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17030705/image-207-1024x574.png" alt="" class="wp-image-989089" style="width:582px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17030705/image-207-1024x574.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17030705/image-207-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17030705/image-207-768x431.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17030705/image-207.png 1143w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46439944/jim-cramer-takes-a-pass-on-this-money-losing-utilities-stock">Jim Cramer &#8216;Takes A Pass&#8217; On This Money-Losing Utilities Stock</a> </li>
</ul>
Photo via Shutterstock

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Trading Ideas

Top Wall Street Forecasters Revamp U.S. Bancorp Expectations Ahead Of Q2 Earnings

A former Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) bear has decided to alter his stance on the company&#8217;s stock.
What Happened: Mizuho Securities analyst Gregg Moskowitz and his team have upgraded their rating on Palantir&#8217;s stock from underperform to neutral on Wednesday, <a href="https://www.marketwatch.com/story/this-former-palantir-bear-changed-his-tune-on-the-stock-heres-why-e69e441e">reported</a> MarketWatch. 
The analysts recognized the company's surge in business activity, especially within its commercial and government segments, which they admitted to previously underestimating.
Moskowitz and his team highlighted the company&#8217;s &#8220;recent execution and momentum&#8221; as &#8220;stunning,&#8221; which could potentially lead to a fifth consecutive quarter of revenue growth acceleration. Despite their concerns about the stock&#8217;s high valuation, the analysts recognize Palantir&#8217;s uniqueness and potential for future growth.
See Also: <a href="https://benzinga.com/trading-ideas/dividends/25/07/46439642/how-to-earn-500-a-month-from-pepsico-stock-ahead-of-q2-earnings" target="_blank" rel="noopener">PepsiCo: Earn $500 A Month In Dividends Ahead Of Q2 Earnings</a>
Palantir&#8217;s stock is currently trading at an enterprise-value-to-sales multiple of 97 times and 77 times, based on 2025 and 2026 projections, respectively. Analysts also expect the company's government revenue to maintain strong year-over-year growth of over 40%.
Despite their upgrade, the Mizuho team remains cautious, stating that there are &#8220;many more compelling names to own in software at these levels.&#8221; Their target price for Palantir&#8217;s stock stands at $135, below the approximately $150 level at which the stock was trading early Wednesday, suggesting a downside of over 10%.
Why It Matters: The shift in the analysts&#8217; stance comes amidst a period of significant developments for Palantir. The company&#8217;s stock has <a href="https://www.benzinga.com/markets/tech/25/07/46189000/palantir-is-building-the-next-aws-says-top-exec-urges-startups-to-build-on-pltr-to-tackle-more-valuable-problems-than-amazon-solved">seen a surge of over 400%</a> in the past year, driven by its expanding commercial business in the U.S. and its increasing adoption of artificial intelligence platforms.
One of the key drivers of this growth has been Palantir&#8217;s <a href="https://www.benzinga.com/markets/equities/25/07/46459262/palantir-supercharges-ask-att-genai-engine-helps-100000-employees-to-fix-code-cut-costs-and-rewrite-the-network">GenAI engine</a>, which has been instrumental in helping companies like AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) to fix code, cut costs, and rewrite their network.
This has led to a growing urgency around internal data integration, further fueling Palantir&#8217;s growth.
Price Action: Palantir (PLTR) shares slipped 0.13% in after-hours trading, after rising 1.57% during the regular session on Wednesday. So far this year, the stock has surged 100.70%, and over the past 12 months, it&#8217;s up an impressive 434.76%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/07/46447572/did-he-learn-nothing-trader-who-lost-100m-returns-with-high-leverage-bets-on-bitcoin" target="_blank" rel="noopener">Did He Learn Nothing? Trader Who Lost $100M Returns With High-Leverage Bets On Bitcoin</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: Shutterstock

PLTR

Ex-Palantir Bear Turns Neutral As Mizuho Calls Growth 'Stunning' Despite Valuation Worries

Former Vice President Mike Pence says presidents were never meant to levy tariffs on their own, insisting "it wasn't the founders' intention" for the White House to tax every trading partner, a fight now headed for the Supreme Court.
What Happened: Appearing on CBS's "The Takeout," Pence <a href="https://www.youtube.com/watch?v=jRNkYQjPxCU">reminded</a> host Major Garrett that the Boston Tea Party arose over duties set without colonial consent, then cited Article I, Section 8, which assigns all taxes and tariffs to Congress.
&#8220;You might remember that it was tariffs on tea that went into the Boston Harbor that helped initiate the American Revolution,&#8221; said Pence in a post on X on Wednesday.
Pence's advocacy group, Advancing American Freedom, has filed an amicus brief arguing that President Donald Trump's blanket import levies violate the non-delegation doctrine and the power of the purse. He had <a href="https://www.benzinga.com/25/05/45687265/trumps-former-vp-mike-pence-urges-congress-to-take-immediate-steps-to-reclaim-its-constitutional-authority-on-tariffs">earlier urged lawmakers</a> on X to "take immediate steps to reclaim their constitutional authority on tariffs."
<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">&quot;You might remember that it was tariffs on tea that went into the Boston Harbor that helped initiate the American Revolution&#8230; Article 1 section 8 says that taxes and excises, or tariffs, are to be initiated in the Congress of the United States.&quot; -AAF Founder and VP <a href="https://twitter.com/Mike_Pence?ref_src=twsrc%5Etfw">@Mike_Pence</a>… <a href="https://t.co/zBO920M9PI">pic.twitter.com/zBO920M9PI</a>
&mdash; Advancing American Freedom (@AmericanFreedom) <a href="https://twitter.com/AmericanFreedom/status/1945651602746216918?ref_src=twsrc%5Etfw">July 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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The case, V.O.S. Selections v. United States, challenges Trump's use of the International Emergency Economic Powers Act (IEEPA) to impose baseline 10% duties, plus surcharges up to 60% on Chinese goods. 
See Also: <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46341297/cato-institute-ncla-urge-appeals-court-to-reject-trump-tariffs-citing-unauthorized-use-of-statute-report">Cato Institute, NCLA Urge Appeals Court To Reject Trump Tariffs Citing Unauthorized Use Of Statute: Report</a>
In May, the U.S. Court of International Trade unanimously struck down most of those tariffs, ruling the president had exceeded statutory limits. An appeals panel quickly <a href="https://www.benzinga.com/news/legal/25/06/45877448/appeals-court-allows-trumps-tariffs-to-remain-in-effect-while-it-reviews-the-lower-courts-decision">stayed the injunction</a>, keeping the levies in place while the Justice Department seeks high-court review.
Why It Matters: Pence contrasted the current approach with his own time in office, when tariffs were applied "case by case" under Section 232, which requires a national-security probe before duties take effect.
By the Depression era, he noted, Congress had begun "shuffling off" trade powers to the executive, flexibility lawmakers now regret as duties ripple through supply chains.
Pence, in a separate television interview last week, said Trump&#8217;s escalating tariff war risks &#8220;<a href="https://www.benzinga.com/news/politics/25/07/46360429/mike-pence-says-trumps-tariff-escalations-with-us-allies-are-like-dismissing-your-front-line-in-a-football-game">dismissing your front line</a> in a football game&#8221; by alienating U.S. allies just as Washington tries to force economic concessions from Beijing.
Photo Courtesy: Gino Santa Maria on Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46460051/china-says-it-will-regulate-phenomenon-of-irrational-competition-amid-ev-price-war-report">China Says It Will Regulate &#8216;Phenomenon Of Irrational Competition&#8217; Amid EV Price War: Report</a></li>
</ul>

Mike Pence Says It Was Tariffs On Tea That Led To The American Revolution, Reiterates Only Congress Can Impose Such Levies

The Donald Trump administration is currently battling to control the narrative amidst the ongoing controversy over undisclosed files related to the late financier and convicted sex offender, Jeffrey Epstein.
What Happened:&nbsp;The administration is dealing with the fallout from its decision to withhold documents concerning Epstein. It had earlier indicated that the documents held major revelations about Epstein and his purported network of clients.
To manage the damage, the White House is considering various strategies, including the release of new documents, the appointment of a special prosecutor and the preparation of executive actions on pedophilia, two White House sources told Reuters.
The Trump administration&#8217;s decision to backtrack on this promise has incited anger among some of Trump&#8217;s most ardent supporters.
Many conservative influencers and hard-right media figures remain unconvinced by a recent Justice Department memo that concluded there was no &#8220;incriminating&#8221; client list or evidence that Epstein may have blackmailed prominent people.
Trump and his inner circle have also contacted prominent MAGA-aligned influencers, urging them to shift their criticism of the administration's handling of the Epstein investigation toward emphasizing broader priorities of the America First movement.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/large-cap/25/07/46449975/rivian-unseats-lucid-draftkings-ousts-plug-power-in-russell-1000-shake-up" target="_blank" rel="noreferrer noopener">Rivian Unseats Lucid, DraftKings Ousts Plug Power In Russell 1000 Shake-Up &#8211; Benzinga</a>
Why It Matters: The Epstein controversy is exposing divisions within Trump&#8217;s coalition and challenging his grip on the right-wing narrative, amid growing dissatisfaction among his base over U.S. actions in Iran and support for Ukraine.
Despite the administration&#8217;s efforts to restore unity, the intra-party friction is proving to be damaging. The controversy surrounding the Epstein case has also reignited long-standing suspicions within Trump&#8217;s base about Epstein&#8217;s connections to influential figures.
This comes after&nbsp;<a href="https://www.benzinga.com/news/politics/25/07/46409029/trumps-remarks-on-hesitation-to-release-epstein-files-were-omitted-from-initial-2024-fox-interview-you-dont-want-to-affect-peoples-lives-if-its-phony-stuff-in-th">Trump&#8217;s hesitation</a>&nbsp;to release the Epstein files was omitted from a 2024 Fox News interview. The controversy was further inflamed when&nbsp;<a href="https://www.benzinga.com/news/politics/25/07/46434857/mike-johnson-blocking-the-epstein-files-says-eric-swalwell-are-you-for-real-mini-mike">House Speaker Mike Johnson was accused</a>&nbsp;of &#8220;blocking the Epstein files&#8221; by Rep. Eric Swalwell. 
Amid the controversy, FBI Director&nbsp;<a href="https://www.benzinga.com/news/politics/25/07/46386186/kash-patel-says-the-conspiracy-theories-just-arent-true-says-hell-serve-his-role-as-long-as-trump-wants-him-to-amid-epstein-list-controversy">Kash Patel denied</a>&nbsp;conspiracy theories about the Epstein files and pledged to serve &#8220;as long as&#8221; President Donald Trump wants him on the job.
READ MORE: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46433619/mike-johnson-breaks-ranks-with-trump-on-the-very-delicate-subject-of-epstein-im-for-transparency">Mike Johnson Breaks Ranks With Trump On The &#8216;Very Delicate Subject&#8217; Of Epstein: &#8216;I&#8217;m For Transparency&#8217;</a></li>
</ul>
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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.

Trump Administration Weighs Special Prosecutor, Releasing New Epstein Documents To Contain MAGA Backlash: Report

Kopin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOPN#NASDAQ">KOPN</a>) stock is trending on Thursday, following the establishment of its comprehensive Environmental, Social, and Governance (ESG) framework.
Check out how&nbsp;<a href="https://www.benzinga.com/quote/KOPN">KOPN stock is trading here</a>.
What Happened: The share price of Kopin Corp, a leading provider of wearable technologies, increased by 6.7% in <a href="https://www.google.com/finance/quote/KOPN:NASDAQ?sa=X&amp;ved=2ahUKEwib4JzEmsOOAxXuxDgGHWPzO9wQ3ecFegQIPBAb">after-hours trading</a> on Thursday. This surge followed a 15.48% increase during regular trading hours, reaching $1.94 per share.
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The surge in Kopin Corporation&#8217;s stock value comes shortly after the company&#8217;s announcement of its comprehensive <a href="https://www.businesswire.com/news/home/20250710727537/en/Kopin-Corporation-Announces-Commitment-to-Environmental-Social-and-Governance-ESG-Initiatives">Environmental, Social, and Governance (ESG) framework</a>. This initiative, launched on July 10, underlines the company&#8217;s commitment to sustainability, ethical business practices, and corporate social responsibility.
CEO of Kopin Corporation, Michael Murray, stated, "Our commitment to ESG is not just about compliance—it is about fostering long-term value for our stakeholders, reducing our environmental footprint, and ensuring ethical business operations."
Why It Matters: This surge in stock price comes on the heels of several recent developments at Kopin Corp. In June, the company achieved hardware and software milestones in the development of its <a href="https://www.benzinga.com/news/25/06/45744476/kopin-achieves-hardware-and-software-milestones-in-neuraldisplay-prototype-development">NeuralDisplay prototype</a>. This breakthrough was expected to have a positive impact on the company&#8217;s future prospects.
Earlier in May, the company was included in the broad market <a href="https://www.benzinga.com/news/25/05/45641704/kopin-set-to-join-broad-market-russell-2000-index-at-conclusion-of-2025-russell-indexes-reconstituti">Russell 2000 index</a> at the conclusion of the 2025 Russell Indexes reconstitution. This was expected to have a significant impact on the company&#8217;s financials and stock performance.
However, the company&#8217;s<a href="https://www.benzinga.com/news/earnings/25/05/45393173/kopin-q1-gaap-eps-0-02-misses-0-01-estimate-sales-10-54m-miss-11-41m-estimate"> first quarter performance</a> was not as expected. In May, Kopin&#8217;s first-quarter GAAP earnings per share ($0.02) missed the ($0.01) estimate, and the sales of $10.54 million also missed the $11.41 million estimate. This news had a negative impact on the company&#8217;s stock performance at the time.
Despite the first quarter results, the recent developments at Kopin Corp have been largely positive, and the after-hours stock price surge is indicative of the market&#8217;s confidence in the company&#8217;s future prospects.
Price in Action: According to <a href="https://www.benzinga.com/quote/KOPN">Benzinga Pro</a> data, Kopin Corp stock closed at $1.94, up 15.48% on Wednesday.
Benzinga's Edge Stock Rankings highlight that KOPN has strong Momentum in the 90th percentile. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Track the performance of other players</a> in this segment.
<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 loading="lazy" decoding="async" width="865" height="151" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17025423/Screenshot-2025-07-17-122409.png" alt="" class="wp-image-989067" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17025423/Screenshot-2025-07-17-122409.png 865w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17025423/Screenshot-2025-07-17-122409-300x52.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17025423/Screenshot-2025-07-17-122409-768x134.png 768w" sizes="(max-width: 865px) 100vw, 865px" /></a></figure>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: T.Dallas on Shutterstock.com

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After-Hours Center

General

KOPN

Kopin Corp Trending Amid Recent ESG Framework Announcement,  Stock Spikes 6.7% After Hours

VSAT

Viasat Leads UK Space Collaboration With SSTL And MDA Space To Advance ESA's Moonlight Mission For Lunar Connectivity

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has filed for a new trim level for the Model 3 sedan in China as the EV giant's sales rebound in the country following a <a href="https://www.benzinga.com/markets/asia/25/07/46289899/tesla-china-sales-plunge-over-75-in-first-week-of-july-despite-strong-q2-deliveries">poor start to July</a>.
Check out the current price of<a href="https://benzinga.com/quote/tsla"> TSLA stock here</a>.
What Happened: China's Ministry of Industry and Information Technology recently released documents showcasing the Model 3+ trim, CnEVPost reported <a href="https://cnevpost.com/2025/07/16/tesla-files-for-model-3-plus-china/">on</a> Wednesday.
Inclusion of the Model 3+ trim in the catalog released by the ministry is seen as the final regulatory step before it can be sold in the Chinese market, the report suggests.
The new trim will feature a single motor and ternary batteries, which offer higher energy density compared to an LFP battery.
The battery tech could lend the Model 3+ a range of almost 500 miles on a single charge. Dimensionally, the sedan remains the same as the regular Model 3, the report suggests.
Why It Matters: The news comes in as Elon Musk's company experienced an <a href="https://www.benzinga.com/markets/tech/25/07/46409821/tesla-rebounds-in-china-with-12-3k-weekly-registrations-highest-2nd-week-ever">uptick in sales figures</a> during the second week of July, recording over 12.3k new insured registrations in China.
Tesla also recently launched its India chapter with <a href="https://www.benzinga.com/markets/tech/25/07/46407991/elon-musks-tesla-to-sell-model-y-from-70000-in-india-launches-first-showroom-in-mumbai">a showroom in Mumbai</a>. The company will sell the Model Y SUV in the country for $70,000 for the base RWD trim.
Elsewhere, <a href="https://www.benzinga.com/markets/tech/25/07/46436501/ev-prices-drop-2-8-in-june-as-incentives-surge-amid-tumbling-tesla-sales">Tesla sales have declined</a> 6% in the U.S., data released by experts shows. However, the automaker remains the segment leader in EVs with a 44% total market share in the U.S.
<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="201" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17022240/TSLA-JUL-17-2025-1024x201.jpg" alt="" class="wp-image-989017" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17022240/TSLA-JUL-17-2025-1024x201.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17022240/TSLA-JUL-17-2025-300x59.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17022240/TSLA-JUL-17-2025-768x151.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17022240/TSLA-JUL-17-2025-1536x301.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17022240/TSLA-JUL-17-2025.jpg 1546w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla offers Satisfactory Momentum and Quality, while scoring well on the Growth metric, but offering 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&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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Photo courtesy: Shutterstock

TSLA

Elon Musk-Led Tesla Files For Model 3+ Trim In China With 500-Mile Range Amid Surge In Sales: Report

DEFT

DeFi Technologies Expands European Presence As Valour Lists HBAR And ICP Staking ETPs On SIX Swiss Exchange

Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) delivered better-than-expected <a href="https://www.benzinga.com/markets/earnings/25/07/46440395/johnson-johnson-lifts-annual-forecast-after-strong-cancer-drugs-medtech-performance">second quarter results</a>, with the management hinting at leveraging tariff delays to maintain its outlook; however, CNBC&#8217;s Jim Cramer credited the performance to lower tariffs.
Check out the current price of <a href="https://www.benzinga.com/quote/JNJ">JNJ stock here</a>.
What Happened: Cramer in an X post said "tariffs will be lower than thought" as the key driver for JNJ&#8217;s stock performance after the earnings, spotlighting oncology, MedTech, and neuro gains. However, JNJ executives paint a different picture.
Insights from JNJ's Executive Vice President John Reed during the earnings call reaffirmed JNJ's full-year operating margin guidance of a 300 basis point improvement, crediting efficiency programs and nonrecurring charges rather than a significant tariff reduction.
Initially projecting a $400 million tariff impact for 2025, Reed noted this cost now pertains exclusively to the MedTech business, with plans to reinvest savings into pipeline acceleration.
"We continue to monitor future tariff impacts," he added, signaling ongoing uncertainty amid U.S. trade policy shifts under the Donald Trump administration, which has hinted at <a href="https://www.benzinga.com/markets/equities/25/07/46364024/trump-threatens-200-pharma-tariffs-but-analyst-says-this-stock-is-immune-and-expected-to-benefit-from-levies">200% tariffs</a> on pharmaceuticals.
Additionally, CFO Joe Wolk <a href="https://www.bloomberg.com/news/articles/2025-07-16/j-j-beats-sales-expectations-while-trump-threatens-tariffs">told</a> Bloomberg that a slow tariff ramp-up, potentially starting late July with levies up to 200% if manufacturing doesn't shift to the U.S., offers strategic breathing room, not relief, given the time needed for biopharma facilities. 
This comes as President Trump announced last week that the <a href="https://www.benzinga.com/markets/equities/25/07/46364024/trump-threatens-200-pharma-tariffs-but-analyst-says-this-stock-is-immune-and-expected-to-benefit-from-levies">pharma tariffs</a>, part of a Section 232 investigation launched in April, are expected to be detailed by month&#8217;s end, with a grace period of &#8220;about a year, year and a half&#8221; before implementation.
The delay shows "there's an understanding you can't put up a biopharmaceutical manufacturing facility overnight," Wolk told Bloomberg. "As long as those conversations continue to occur, I think we're in a pretty good position."
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46438576/nvidia-is-on-a-march-to-5-trillion-market-capitalization-says-dan-ives-as-he-predicts-bullish-environment-for-tech-and-crypto-very-strong-second-half">Nvidia Is &#8216;On A March To $5 Trillion&#8217; Market Capitalization, Says Dan Ives As He Predicts Bullish Environment For Tech And Crypto: &#8216;Very Strong Second Half&#8217;</a>
Why It Matters: JNJ reported a <a href="https://www.benzinga.com/markets/earnings/25/07/46440395/johnson-johnson-lifts-annual-forecast-after-strong-cancer-drugs-medtech-performance">second-quarter</a> adjusted earnings of $2.77 per share, down 1.8% year over year, beating the consensus of $2.68. Its revenue of $23.74 billion was up 5.8% year over year, beating the consensus of $22.85 billion.
The company expects adjusted earnings of $10.80-$10.90, up from prior guidance of $10.50-$10.70, compared to the consensus of $10.62. It also raised sales guidance from $91 billion-$91.8 billion to $93.2 billion-$93.6 billion versus $91.4 billion.
Price Action: JNJ advanced 6.19% on Wednesday, and it was up 14.41% in 2025 and 5.24% over the past year.
Benzinga Edge Stock Rankings shows that JNJ had a weaker price trend over the medium and long term but a stronger trend over the short term. Its momentum ranking was moderate, and its value ranking was poor at the 25.05th percentile. The details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="154" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17021123/JNJ-Edge--1024x154.png" alt="" class="wp-image-988997" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17021123/JNJ-Edge--1024x154.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17021123/JNJ-Edge--300x45.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17021123/JNJ-Edge--768x116.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17021123/JNJ-Edge-.png 1161w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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, ended higher on Wednesday. The SPY was up 0.33% at $624.22, while the QQQ advanced 0.10% to $557.29, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pr</a>o data.
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Photo courtesy: Shutterstock

Johnson & Johnson Credits Tariff Delays For Strong Earnings, While Jim Cramer Pegs It On 'Lower Than Thought' Levies

PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) will release earnings results for the second quarter, before the opening <a href="https://www.benzinga.com/quote/PEP/earnings">bell on Thursday, July 17.</a>
Analysts expect the soft drink and snack company to report quarterly earnings at $2.03 per share. It reported $2.28 per share in the previous year. PepsiCo is also projected to report quarterly revenue of $22.3 billion. Compare that to $22.5 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On July 15, PepsiCo and Cargill announced a strategic collaboration to advance regenerative agriculture practices across 240,000 acres from 2025 through 2030.
PepsiCo shares gained 1.2% to close at $135.35 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/GBX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>B of A Securities analyst Bryan Spillane maintained a Neutral rating and cut the price target from $150 to $145 on July 11, 2025. This analyst has an accuracy rate of 62%.</li>
<li>Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and slashed the price target from $150 to $140 on April 25, 2025. This analyst has an accuracy rate of 62%.</li>
<li>Morgan Stanley analyst Dara Mohsenian maintained an Equal-Weight rating and slashed the price target from $168 to $153 on April 25, 2025. This analyst has an accuracy rate of 71%.</li>
<li>Deutsche Bank analyst Steve Powers maintained a Buy rating and cut the price target from $184 to $178 on Jan. 22, 2025. This analyst has an accuracy rate of 68%.</li>
<li>TD Cowen analyst Robert Moskow maintained a Hold rating and lowered the price target from $183 to $160 on Jan. 8, 2025. This analyst has an accuracy rate of 67%</li>
</ul>
Considering buying PEP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="575" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17025522/image-206-1024x575.png" alt="" class="wp-image-989069" style="width:604px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17025522/image-206-1024x575.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17025522/image-206-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17025522/image-206-768x431.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17025522/image-206.png 1125w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Photo via Shutterstock

PepsiCo Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

LSCC

Lattice And Mitsubishi Electric Partner To Power Next-Gen CNC Systems With Low Power CertusPro-NX FPGAs For Industrial Automatio

ARMN

Reported Earlier, Aris Mining And Colombia's Energy Ministry Sign MOU To Formalize Artisanal And Small-Scale Gold Mining Near Marmato

Reported Earlier, Blue Rock Village In Vallejo Receives $91M Refinance Backed By Freddie Mac, Arranged By Walker & Dunlop

Guidance

Taiwan Semiconductor Expects Q3 Revenue Of $31.8B-$33B Vs $32.65B Est, Gross Margin Of 55.5%-57.5% And Operating Margin Of 45.5%-47.5%

Buybacks

OCFC

Reported Earlier, OceanFirst Financial Authorizes 2025 Stock Repurchase Program For Up To 3M Shares, Representing 5% Of Outstanding Stock

BITF

RIOT

Reported Earlier, Riot Platforms Lowers Bitfarms Stake To 9.85% From 10.29% With Open Market Sale Of Over 2.4M Shares

Reported Earlier, OFS Capital Prices $60M Offering of 7.50% Notes Due 2028; Proceeds To Redeem Portion Of 2026 Notes

Press Releases

Fundstrat Capital LLC together with Tidal Global Financial announces the listing of The Fundstrat Granny Shots US Large Cap ETF, on NYSE, Arca, under the ticker GRNY

NYSE Content Advisory: Pre-Market update + Tech earnings begin

Tom Lee's Fundstrat Granny Shots ETF (GRNY) Surpasses $1 Billion in AUM Six Months After Launch

Mutual Funds

Fundstrat Capital's GRNY ETF Surpasses $1.5 Billion in AUM, Posts 13.40% Return Since Inception

JETS

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