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IOVANCE BIOTHERAPEUTICS INC

Iovance Biotherapeutics

Iovance Biotherapeutics Inc is a clinical-stage biopharmaceutical company, pioneering a transformational approach to treating cancer by harnessing the human immune system's ability to recognize and destroy diverse cancer cells using therapies personalized for each patient. The company is preparing for potential U.S. regulatory approvals and commercialization of the first autologous T-cell therapy to address a solid tumor cancer. its objective is to be the leader in innovating, developing, and delivering tumor-infiltrating lymphocyte, or TIL, therapies for patients with solid tumor cancers.

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On Monday, former OpenAI researcher Andrej Karpathy shared a practical breakdown of ChatGPT's various model versions, helping users understand which one to use based on their specific needs.
What Happened: In a post on X, formerly Twitter, Karpathy said many users remain confused about ChatGPT versions like GPT-4o, GPT-4 and "o3."
"o3 is the obvious best thing for important/hard things. It is a reasoning model that is much stronger than 4o and if you are using ChatGPT professionally and not using o3 you&#8217;re ngmi," he said.
He explained that GPT-4o, <a href="https://www.benzinga.com/news/24/05/38809935/openai-just-dropped-gpt-4o-and-these-10-examples-show-it-could-completely-change-ai-chatbot-game">OpenAI's latest model</a>, is ideal as a "daily driver" for easy-to-moderate tasks. "o4 is only available as mini for now, and is not as good as o3, and I&#8217;m not super sure why it&#8217;s out right now."
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/05/45486639/sundar-pichai-reveals-google-parent-once-super-intensely-debated-about-buying-netflix-in-a-world-of-butterfly-effects" target="_blank" rel="noreferrer noopener">Sundar Pichai Reveals Google-Parent Once Super Intensely Debated About Buying Netflix: ‘In A World Of Butterfly Effects…&#8217;</a>
Karpathy offered a quick reference:
<ul class="wp-block-list">
<li>Use 4o for simple questions (~40% of his use)</li>
<li>Use o3 for complex, high-stakes queries (~40%)</li>
<li>Use GPT-4.1 for casual coding (~10%)</li>
<li>Use the "Deep Research" toggle—powered by o3—for deep dives (~10%)</li>
</ul>
He added that this guidance only applies within ChatGPT, as he also uses Anthropic's Claude, 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 Gemini, xAI's Grok and Perplexity for other tasks.
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.
<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">An attempt to explain (current) ChatGPT versions. I still run into many, many people who don&#39;t know that: &#8211; o3 is the obvious best thing for important/hard things. It is a reasoning model that is much stronger than 4o and if you are using ChatGPT professionally and not using o3… <a href="https://t.co/1bQz0frqIc">pic.twitter.com/1bQz0frqIc</a>
&mdash; Andrej Karpathy (@karpathy) <a href="https://twitter.com/karpathy/status/1929597620969951434?ref_src=twsrc%5Etfw">June 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: OpenAI is reportedly <a href="https://www.benzinga.com/cannabis/25/06/45714044/amazon-and-google-backed-ai-startup-anthropic-reportedly-hits-3-billion-in-annualized-revenue-wheres-chatgpt-parent-openai-at">expected to generate</a> over $12 billion in total revenue by the end of 2025, up from $3.7 billion in 2024.
While the Sam Altman-led company hasn&#8217;t revealed revenue specifically from its enterprise segment, a Reuters report noted that paying seats for its ChatGPT Enterprise offering rose to 3 million in May, up from 2 million in February.
Photo Courtesy: Primakov 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>.
Read Next:
<ul class="wp-block-list">
<li><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' As China's Data-Center Blitz Could Let DeepSeek Leapfrog US AI Labs</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

GOOG

GOOGL

ChatGPT User? Former OpenAI Researcher Andrej Karpathy Breaks Down Which Version Works Best For Each Task

Y Combinator CEO Garry Tan believes startup founders can learn critical lessons from Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) forward-deployed engineers (FDEs) to compete against enterprise software giants.
What Happened: Speaking on the Lightcone Podcast, Tan outlined how the FDE model developed at Palantir, where he served as an employee and co-created the company logo from 2005 to 2007. &#8220;You can&#8217;t farm this out,&#8221; Tan said, emphasizing that founders must directly engage with customers like FDEs do.
The FDE concept emerged from Palantir&#8217;s recognition that Fortune 500 companies and government agencies lacked technical expertise at decision-making levels. Co-founders Peter Thiel, Alex Karp, and Stefan Cohen identified multi-billion-dollar problems in organizations drowning in data without understanding how to extract value.
Tan explained how FDEs sit directly with clients, like FBI agents investigating domestic terrorism, observing their actual workflows. &#8220;What&#8217;s funny is like literally it&#8217;s like Word documents and Excel spreadsheets,&#8221; Tan said, describing how FDEs convert manual processes into clean software solutions.
Traditional enterprise software companies send salespeople who rely on relationships and lengthy sales cycles lasting months or years. Palantir&#8217;s approach places engineers directly with customers using Foundry, their core data visualization platform. &#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.
See Also: <a href="https://www.benzinga.com/markets/large-cap/25/06/45733245/looking-for-summer-seasonal-gains-here-are-10-sp-500-stocks-that-historically-rallied-in-june">Looking For Summer Seasonal Gains? Here Are 10 S&amp;P 500 Stocks That Historically Rallied In June</a>
Why It Matters: This methodology enables rapid feedback cycles within days rather than months, allowing smaller companies to compete against established players 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>). Y Combinator partner Jared Friedman noted that Palantir FDEs have become successful YC founders, crediting their training.
Palantir recently raised 2025 revenue guidance to $3.89-3.90 billion while projecting adjusted free cash flow between $1.6-1.8 billion. The company&#8217;s market cap currently stands at $310 billion, with analysts projecting potential <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45716400/pharma-bro-martin-shkreli-sees-10-trillion-potential-in-palantir-but-cautions-one-bad-quarter-and-its-down-50">trillion-dollar valuations within three years</a>.
Tan emphasized that beating enterprise giants requires engineers who combine technical skills with empathy and product design capabilities. &#8220;You show them something that they&#8217;ve never seen before and make them feel super heard,&#8221; he said.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="State-Of-The-Art Prompting For AI Agents" width="500" height="281" src="https://www.youtube.com/embed/DL82mGde6wo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
PLTR stock has surged over 500% in the past year. According to Benzinga Edge Stock Rankings, the stock demonstrates strong growth and momentum but carries a weak valuation rating. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">View the full stock breakdown here</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="884" height="640" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234855/image-12.png" alt="" class="wp-image-935910" style="width:580px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234855/image-12.png 884w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234855/image-12-300x217.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234855/image-12-768x556.png 768w" sizes="(max-width: 884px) 100vw, 884px" /></a></figure>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45738505/peter-schiff-says-it-was-his-economic-teachings-that-made-people-want-to-buy-bitcoin-an-unintended-consequence">Peter Schiff Says It Was His Economic Teachings That Made People Want To Buy Bitcoin: &#8216;An Unintended Consequence&#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: slyellow / Shutterstock.com

Equities

ORCL

PLTR

Garry Tan Says Founders Must Build With Customers To Compete With Giants Like Salesforce, Oracle: 'You Can't Farm This Out'

Wedbush Securities' managing director, Dan Ives, has reiterated his bullish views on Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock following CEO Elon Musk&#8217;s exit from the Department of Government Efficiency (DOGE) and the Trump administration.
What Happened: Ives shared that Musk's return to Tesla is crucial for the EV giant's robotics and AI vision, stating that it represents 90% of the company's future value, in an interview with Yahoo Finance <a href="https://finance.yahoo.com/video/tesla-regained-biggest-asset-musk-201926865.html">on</a> Monday.
"The brand damage, I believe, is now contained and most of that is in the rearview mirror with him at the Trump administration," Ives said before adding that the focus is now on rebounding sales in Europe, the U.S. and China.
Ives also predicted that Tesla sales will see a rebound in China in the second half of the year, a "stabilization" in Europe, as well as a rebound in the U.S. sometime in Q3 2025.
Referring to Tesla's surge in value, Ives chalked it up to the CEO's recommitment to Tesla. "Once Musk recommitted to Tesla, days in the White House were done, Tesla got back its biggest asset."
Ives also said that Musk's return coincides with the biggest era in the company's history and <a href="https://www.benzinga.com/markets/equities/25/05/45557873/tesla-bull-dan-ives-thinks-elon-musks-ev-giant-could-be-entering-a-golden-era-says-2-trillion-market-cap-on-the-tablehttps://www.benzinga.com/markets/equities/25/05/45557873/tesla-bull-dan-ives-thinks-elon-musks-ev-giant-could-be-entering-a-golden-era-says-2-trillion-market-cap-on-the-table">reiterated a $2 trillion market cap</a> for Tesla.
Why It Matters: Ives' comments are in line with the investor's bullish views on Tesla, despite several experts offloading Tesla positions, including <a href="https://www.benzinga.com/tech/25/05/45665076/gary-blacks-future-fund-sells-remaining-tesla-stock-reitrates-310-price-target-tslas-valuation-has-become-disconnected">Future Fund LLC's Gary Black</a>.
The company is proceeding with the <a href="https://www.benzinga.com/tech/25/05/45662671/tesla-targets-june-12-for-robotaxi-launch-in-austin-elon-musk-says-company-ramped-up-fsd-testing-a-month-ahead-of-schedule">June 12 Robotaxi launch</a> in Austin. Musk said that the company had been testing Unsupervised FSD in Austin in the buildup to the robotaxi launch "a month ahead of schedule."
Tesla sales continue to decline across multiple markets worldwide, with data showing that the company's sales <a href="https://www.benzinga.com/markets/eurozone/25/06/45736798/tesla-sales-hit-3-year-low-in-this-european-nation-despite-musks-claims-of-no-demand-problem">fell 67% year-over-year in France</a>, marking a three-year low for the automaker.
<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="184" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234404/TSLA-JUN-3-2025-1024x184.jpg" alt="" class="wp-image-935904" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234404/TSLA-JUN-3-2025-1024x184.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234404/TSLA-JUN-3-2025-300x54.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234404/TSLA-JUN-3-2025-768x138.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234404/TSLA-JUN-3-2025-1536x277.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234404/TSLA-JUN-3-2025.jpg 1649w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla scores well on Momentum, Growth, and Quality metrics, but 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&#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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<li><a href="https://www.benzinga.com/markets/equities/25/06/45737979/cathie-wood-sells-tesla-stock-as-chinese-rivals-gain-ground-ark-dumps-palantir-amid-privacy-concerns">Cathie Wood Sells Tesla Stock As Chinese Rivals Gain Ground — Ark Dumps Palantir Amid Privacy Concerns</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

TSLA

Elon Musk Is Tesla's 'Biggest Asset,' Says Dan Ives As He Reiterates His $2 Trillion Market Cap For TSLA Stock

Veteran investor, Arthur Richards Rule IV, better known as Rick Rule, is the latest expert to sound the alarm on the long-term stability of the U.S. Dollar, warning that decades of unchecked federal spending and unfunded liabilities could erode the greenback&#8217;s purchasing power over the next decade.
What Happened: Speaking with Kitco News over the weekend, Rule says that the U.S. Government&#8217;s $30 trillion on-balance-sheet debt is only the beginning. 
He highlights the $100 trillion in unfunded promises, such as Medicare, Social Security, and federal pensions, which takes the total liability burden far higher, and closer to the nation&#8217;s total household net worth at $141 trillion. This only leaves a $11 trillion buffer against household wealth, which he believes is closing quickly.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45738435/elizabeth-warren-says-trump-approved-the-largest-meat-company-in-world-to-be-listed-on-nyse-ignoring-corruption-and-bribery-history-demands-answers">Elizabeth Warren Says Trump &#8216;Approved&#8217; The Largest Meat Company In World To Be Listed On NYSE Ignoring Corruption And Bribery History, Demands Answers</a>
Both categories of liabilities are growing by around $2 trillion per year, Rule says. At that pace, the remaining margin will disappear within five years, raising questions about long-term solvency.
Rule believes that the country, at its current fiscal state, can no longer service its obligations such as social security, Medicare, and pensions, while adding that "the only viable path is to allow the dollar to decline." &#8220;I believe because of this $100 trillion in unfunded entitlement liabilities that the U.S. dollar will lose 75% of its purchasing power over 10 years,&#8221; he says, pointing to the 1970s as precedent, when U.S. inflation wiped out 75% of the dollar's purchasing power in a single decade. The period also saw gold prices rise nearly 30-fold.
Speaking on gold, Rule made a very bullish case for the yellow metal, saying that he doesn&#8217;t own gold because he thinks it can get to $3,500 an ounce, he says, &#8220;I own gold because I'm afraid it's going to $12,000,&#8221; because &#8220;arithmetically, it makes absolute sense.&#8221;
Rule says that &#8220;the system isn't solvent. It's just liquid, for now,&#8221; warning investors relying on traditional portfolios and government bonds will find themselves eroded by this silent inflation. 
&#8220;As purchasing power quietly deteriorates, people will either adapt or pay the price,&#8221; he concludes. &#8220;You can't paper over arithmetic forever.&#8221;
Why It Matters: Other leading market experts have echoed similar concerns regarding U.S. assets, while reaffirming their conviction in gold.
Investor Chamath Palihapitiya recently <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45686648/chamath-palihapitiya-says-this-old-fashioned-asset-is-among-safe-trades-if-the-possibility-of-quantum-computing-cracking-bitcoin-is-even-remotely-true">called gold</a> the &#8220;only safe trade&#8221; on news of quantum computers capable of cracking Bitcoin&#8217;s encryption.
Leading hedge funds and financial institutions such as Bridgewater Associates, BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), and the Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) have all made a beeline to <a href="https://www.benzinga.com/etfs/specialty-etfs/25/05/45457712/move-over-miners-hedge-funds-are-the-new-gold-diggers-ray-dalio-blackrock-goldman-sachs-others-stake-claims-in-gld">increase their exposure</a> to gold, citing similar concerns of hyper-borrowing by the U.S.
Price Action: The spot price of Gold stands at $3,362.37, up 2.21% on Monday. The SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), which tracks the price of gold, is up 26.99% year-to-date.
Photo Courtesy: wedmoments.stock On Shutterstock.com Read More: 
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45738505/peter-schiff-says-it-was-his-economic-teachings-that-made-people-want-to-buy-bitcoin-an-unintended-consequence">Peter Schiff Says It Was His Economic Teachings That Made People Want To Buy Bitcoin: &#8216;An Unintended Consequence&#8217;</a></li>
</ul>
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<iframe loading="lazy" title="‘U.S. Dollar Will Lose 75% of Value'- Here&#039;s What To Buy &#x7C; Rick Rule" width="500" height="281" src="https://www.youtube.com/embed/n7JvCDVnwk0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Commodities

Forex

Economics

Dollar To Lose 75% of Its Buying Power In Next 10 Years? Rick Rule Says If 1970's Are An Indicator It Could Happen

Just weeks after announcing its <a href="https://www.benzinga.com/markets/equities/25/05/45398101/microsoft-to-cut-6000-jobs-in-global-restructuring-joins-meta-and-amazon-in-trimming-workforce-amid-ai-driven-shift">largest round of layoffs</a> in years, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has decided to eliminate hundreds of additional jobs.
What Happened: On Monday, more than 300 Microsoft employees were told that their roles had been cut, <a href="https://www.bloomberg.com/news/articles/2025-06-02/microsoft-layoffs-continue-with-hundreds-more-cut">reported</a> Bloomberg, citing a Washington state notice.&nbsp;
A Microsoft spokesperson confirmed this development to the publication, saying, "We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace."
These layoffs follow the roughly 6,000 cuts Microsoft announced last month.
Also Read:&nbsp;<a href="https://www.benzinga.com/tech/25/05/45602719/openais-acquisition-of-jony-ives-startup-poses-threat-to-apples-dominance" target="_blank" rel="noreferrer noopener">OpenAI's Acquisition Of Jony Ive's Startup Poses Threat To Apple's Dominance</a>
As per the report, while the specific roles affected have not been determined, previous layoffs primarily impacted software engineers.
The tech giant had about 228,000 full-time employees as of June 2024, out of which 55% were based in the U.S.
Why It's Important: Microsoft is currently the most valuable company in the world with a $3.43 trillion market capitalization.
The cuts come as Microsoft and other tech giants like Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) <a href="https://www.benzinga.com/25/05/45250949/tech-layoffs-get-the-headlines-but-its-uncle-sam-doge-whos-bleeding-workers-in-2025">double down on artificial intelligence</a>, investing billions while trimming non-AI-related headcount.
Previously, Microsoft CEO Satya Nadella said that <a href="https://www.benzinga.com/tech/25/04/45093643/ai-is-reshaping-coding-at-microsoft-says-nadella-30-of-code-now-ai-generated">20% to 30% of the company's code</a> base is now being written with the help of AI.
Price Action: Microsoft shares rose 0.35% during Monday's regular trading session but slipped 0.26% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
According to Benzinga's Edge Stock Rankings, Microsoft shows a favorable price trend across the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">You can explore more detailed metrics 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/2025/06/02233140/Screenshot-2025-06-03-at-9.00.40%E2%80%AFAM.png" alt="" class="wp-image-935890" /></a></figure>
Photo courtesy: Tada Images / Shutterstock.coma
Read More:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-f" target="_blank" rel="noreferrer noopener">‘Most People Don't Have The Balls To Do It,' Says Mark Cuban, Praising Musk For Going ‘All In' With His Own Money For His Startups</a></li>
</ul>

MSFT

Microsoft Fires Hundreds More Workers Amid AI-Fueled Growth, Calls It Positioning The Company For 'Success'

Peter Schiff&nbsp;said Monday that his teachings on economics inadvertently led many to invest in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), despite his advice against it.
What Happened: Schiff shared&nbsp;his experience at the Bitcoin&nbsp;2025 conference on his YouTube podcast. He stated that many attendees credited him as the reason they bought the leading cryptocurrency. 
&#8220;Everybody was telling me, almost to a person, that I was the reason that they bought Bitcoin and they credit me, even though that was not my intention,&#8221; the staunch Bitcoin critic said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f534; Gold Bull In a Bitcoin Conference &#8211; Ep 1029<a href="https://t.co/VTyQOq3Xjy">https://t.co/VTyQOq3Xjy</a>
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1929586324396249414?ref_src=twsrc%5Etfw">June 2, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45718946/ethereum-books-record-institutional-inflows-xrp-sees-outflows-what-is-going-on" target="_blank" rel="noreferrer noopener">Ethereum Books Record Institutional Inflows, XRP Sees Outflows: What Is Going On? &#8211; Benzinga</a>
&#8220;But the reason people were telling me they bought Bitcoin was because I taught them about economics. They learned economics from me, they learned about sound money they began to question the Fed,&#8221; Schiff added.
According to Schiff, David Bailey, who runs the conference, also credited the Bitcoin skeptic for his decision to buy Bitcoin.
&#8220;It wasn&#8217;t my intention. It&#8217;s kind of like a government program. It was an unintended consequence,&#8221; Schiff said.
Why It Matters: Schiff&#8217;s participated in the Bitcoin 2025 conference, <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45610082/peter-schiff-says-hes-the-one-who-best-understands-bitcoin-gets-ready-to-wow-participants-at-crypto-conference-with-modest-booth">intending to present &#8220;contrarian opinions&#8221;</a> on the apex cryptocurrency.&nbsp;
During the conference, Strategy co-founder Michael Saylor took a dig at the economist while highlighting Bitcoin&#8217;s superiority over all assets, including gold. Schiff then challenged Saylor to a <a href="https://www.benzinga.com/markets/25/05/45709839/michael-saylor-says-bitcoin-is-engineered-to-outperfom-and-going-to-go-faster-than-gold-peter-schiff">one-on-one debate </a>over gold versus Bitcoin.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $105,702.39, up 0.92% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.&nbsp;
Photo Courtesy: PalSand on Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://benzinga.com/news/topics/25/06/45711949/sam-bankman-frieds-early-release-schiff-vs-vance-bitcoins-fall-and-trumps-meme-coin-dinner-this-week-in-crypto" target="_blank" rel="noreferrer noopener">Sam Bankman-Fried&#8217;s Early Release, Schiff Vs Vance, Bitcoin&#8217;s Fall, And Trump&#8217;s Meme Coin Dinner: This Week In Crypto </a></li>
</ul>

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

Cryptocurrency

$BTC

Peter Schiff Says It Was His Economic Teachings That Made People Want To Buy Bitcoin: 'An Unintended Consequence'

Mark Cuban says the highest-return wager he ever made wasn't a gamble he took investing on an obscure startup, or courtside tickets — but on himself.
What Happened: In a 2020 Men's Health <a href="https://www.youtube.com/watch?v=aMiXAqUPqao&amp;t=212s">video</a>, the billionaire behind the Dallas Mavericks recalls teaching himself to code because "if I put in the effort, I can learn almost anything," adding that the slog "has paid dividends for the rest of my life."
Cuban told viewers that when money is scarce, effort is cheap — and compound interest on knowledge never stops. "Some of the best investments I ever made were investing in myself, first and foremost," he said, urging newcomers to out-learn the competition because "most people don't put in the time to keep up and learn."
He is hardly alone. Warren Buffett <a href="https://www.benzinga.com/general/education/24/10/41418702/warren-buffetts-words-of-wisdom-benzinga-readers-pick-their-favorite-oracle-of-omaha-quote">calls self-improvement</a> "by far the best investment you can make," advice he repeated in a 2019 Yahoo Finance interview and countless shareholder meetings. Virgin Group founder Richard Branson <a href="https://www.linkedin.com/posts/rbranson_train-people-well-enough-so-they-can-leave-activity-7094663480783327232-WDuo/">says</a> leaders should "train people well enough so they can leave, treat them well enough so they don't want to," linking personal growth to corporate loyalty.
See also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/05/45690080/michael-saylor-says-bitcoin-is-engineered-to-outperfom-and-going-to-go-faster-than-gold-peter-schiff-says-he-still-refuses-to-debate">Michael Saylor Says Bitcoin Is &#8216;Engineered To Outperfom&#8217; And &#8216;Going To Go Faster Than Gold:&#8217; Peter Schiff Says &#8216;He Still Refuses To Debate&#8230;&#8217;</a>
Ray Dalio, fellow billionaire and the founder of Bridgewater Associates, meanwhile, emphasizes personal growth through a <a href="https://www.benzinga.com/news/24/06/39127870/ray-dalios-blueprint-for-success-billionaire-investor-lists-out-5-step-guide-to-attain-your-goals">system of clear goals</a>, problem identification, root cause diagnosis, and relentless execution.
Why It Matters: Cuban's habit of self-funding growth shows up elsewhere, too. He <a href="https://www.benzinga.com/personal-finance/25/02/43885487/billionaire-mark-cuban-said-the-first-step-to-getting-rich-is-giving-things-up-drink-water-eat-mac-and-cheese-and-save-every-penny?utm_source=chatgpt.com">advises</a> would-be millionaires to "become an expert in something" before chasing risk assets and to keep cash handy for opportunistic buys.
The investor who <a href="https://www.benzinga.com/25/05/45510105/mark-cuban-is-done-with-shark-tank-but-here-are-5-investments-on-the-show-that-made-him-some-serious-money">recently ended</a> his long run on Shark Tank, also <a href="https://www.benzinga.com/personal-finance/25/01/42932626/billionaire-mark-cuban-on-college-costs-pick-the-cheapest-school-you-can-find-its-about-learning-not-prestige">encourages everyone</a> to go to college, even if they eventually decide to drop out. Cuban highlights the practical skills that can be gained in college, such as accounting, finance and marketing, which are invaluable even if you don&#8217;t finish your degree. He claims to have applied these lessons to build two successful companies, including Broadcast.com, which sold to Yahoo for $5.7 billion.
Photo Courtesy: Kathy Hutchins On Shutterstock.com
Read next: <a href="https://www.benzinga.com/markets/equities/25/05/45690847/costco-outruns-tariffs-with-supply-chain-agility-price-cuts-its-about-lowering-the-prices-as-soon-as-we-can">Costco Outruns Tariffs With Supply Chain Agility, Price Cuts: &#8216;It&#8217;s About Lowering The Prices As Soon As We Can&#8217;</a>

Education

General

Mark Cuban Says Doing This One Thing Paid Him 'Dividends' For The Rest Of His Life, Shark Suggests Doing It When Money Is Scarce

Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.) is once again calling out corruption in the Trump Administration, following a questionable decision made by the U.S. Securities and Exchange Commission.
What Happened: On Monday, Warren shared a video on X questioning the SEC&#8217;s recent approval of Brazilian meat processing company&nbsp;JBS SA&#8217;s&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/JBSAY#OTC">JBSAY</a>) listing on the New York Stock Exchange, despite its history of corruption, price fixing, and safety violations.
&#8220;JBS and its subsidiaries have been fined hundreds of millions of dollars for bribery, for price fixing, for safety violations, you name it,&#8221; Warren said.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/45734749/after-4-months-elon-musk-learned-what-every-american-already-knows-says-ross-gerber-no-one-in-government-wants-to-cut-any-budget">After 4 Months, Elon Musk Learned What Every American Already Knows, Says Ross Gerber: &#8216;No One In Government Wants To Cut Any Budget&#8217;</a>
She then highlighted the company&#8217;s connection with the Trump administration, bringing attention to the fact that JBS&#8217; subsidiary, Pilgrim&#8217;s Pride, contributed $5 million to President Donald Trump&#8217;s inauguration fund, the single-largest donation. 
&#8220;And can you guess which company made the single largest donation to Trump's inauguration? Pilgrim's Pride, which is owned by JBS,&#8221; while noting that the figure was higher than the contributions made by Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) combined.
&#8220;After a decade of trying and failing to get the green light to go public, suddenly Trump's SEC gives them the go-ahead,&#8221; she says. &#8220;That sounds pretty fishy to me.&#8221;
Warren said she has sent a letter to the CEOs of JBS and Pilgrim's Pride demanding answers. &#8220;We've got to fight back against shady corporate deals and stand up for the Americans who actually play by the rules,&#8221; she said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Donald Trump just approved the largest meat company in the world to be listed on the New York Stock Exchange—completely ignoring its history of corruption and bribery. Why? Maybe because they donated $5M to his inauguration. I&#39;m pressing for answers. <a href="https://t.co/t0NwZRsDRt">pic.twitter.com/t0NwZRsDRt</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1929593472169730236?ref_src=twsrc%5Etfw">June 2, 2025</a></blockquote>
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JBS SA did not immediately respond to <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga&#8217;s</a> request for comments. Why It Matters: JBS SA&#8217;s owner, Joesley Batista, is known to have <a href="https://www.benzinga.com/analyst-ratings/analyst-color/17/05/9487244/brazil-is-no-stranger-to-corruption-what-trump-and-the-u">recorded a conversation</a> with former Brazilian President Michel Temer where the latter is seen encouraging the continuous bribery of a jailed politician. The recording was presented to prosecutors as part of a plea bargain.
Temer replaced President Dilma Rousseff as the leader of Brazil. Rousseff was impeached for criminal administrative misconduct.
JBS shareholders approved the company&#8217;s proposal for a dual listing during its Extraordinary General Meeting held two weeks ago. Its shares are expected to begin trading in Brazil&#8217;s São Paulo Stock Exchange (B3), as well as the New York Stock Exchange, on June 9 and 12, respectively, according <a href="https://jbsfoodsgroup.com/articles/jbs-shareholders-approve-dual-listing">to</a> a press release. 
Warren has been a vocal critic of the Trump administration&#8217;s business dealings in recent weeks, having called for a probe into billionaire Elon Musk&#8217;s Starlink receiving <a href="https://www.benzinga.com/cannabis/25/06/45715155/elizabeth-warren-calls-it-textbook-corruption-once-again-asks-for-probe-into-elon-musk-cashing-in-on-trump-tariffs">favorable operating permits</a> while leveraging Trump&#8217;s tariffs and trade talks with nations across the globe.
Photo: Shutterstock/Sheila Fitzgerald
Read More:
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<li><a href="https://www.benzinga.com/news/politics/25/06/45737741/chuck-schumer-says-if-taco-trump-is-already-folding-on-iran-the-american-people-need-to-know-one-day-he-sounds-tough-the-next-day-hes-backing-off">Chuck Schumer Says If &#8216;TACO Trump&#8217; Is Already Folding On Iran The American People Need To Know: &#8216;One Day, He Sounds Tough, The Next Day He&#8217;s Backing Off&#8217;</a></li>
</ul>

Politics

AAPL

AMZN

JBSAY

Elizabeth Warren Says Trump 'Approved' The Largest Meat Company In World To Be Listed On NYSE Ignoring Corruption And Bribery History, Demands Answers

Shareholders of Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) rejected a proposal to consider adding Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to the company&#8217;s balance sheet.
What Happened: A proposal for a &#8220;Bitcoin Treasury Assessment&#8221; garnered only&nbsp;3.92 million votes in favor, reflecting about 0.1% of the total. A whopping 4.98 billion votes, or 95% of the total, were cast against the proposal during the company&#8217;s annual shareholders meeting, according to a May 28 regulatory filing.
&#8220;The shareholders did not approve the shareholder proposal regarding Bitcoin treasury assessment,&#8221; a statement from the filing read
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45616666/dogecoin-shiba-inu-and-other-meme-coins-are-entry-points-to-crypto-ecosystem-report" target="_blank" rel="noreferrer noopener">Dogecoin, Shiba Inu And Other Meme Coins Are Entry Points To Crypto Ecosystem: Report</a>
The proposal was introduced in January by Ethan Peck, who <a href="https://www.benzinga.com/general/market-summary/25/01/42967576/meta-investors-push-mark-zuckerberg-to-replace-72b-cash-with-bitcoin-to-combat-inflation-heres-what-it-means-for-investors">recommended that Meta allocate</a>&nbsp;a portion of its $72&nbsp;billion cash and cash equivalents&nbsp;to the "inflation-resistant store of value" Bitcoin.
Why It Matters: Peck is a deputy director at the National Center for Public Policy Research&#8217;s, a U.S.-based conservative think tank, which submitted similar Bitcoin investment proposals to Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
While Microsoft <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42421374/microsoft-shareholders-reject-proposal-to-explore-bitcoin-investment">shareholders have rejected the proposal</a>, Amazon stakeholders have yet to vote on it.
This development comes in the <a href="https://www.benzinga.com/25/05/45687085/mark-zuckerberg-urged-by-investor-to-add-bitcoin-to-firms-reserves-you-have-done-step-oneyou-have-named-your-goat-btc">wake of an appeal</a> by Matt Cole, CEO of Strive Asset Management, to Meta to consider adding Bitcoin to its reserves. Cole made this public call at the Bitcoin 2025 conference in Las Vegas.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $106,134.28, up 0.89% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.&nbsp;
Shares of Meta were up 0.10% in after-hours trading after closing 3.62% higher at $670.90 during Monday&#8217;s regular trading session.
The stock scored well on Momentum, Growth and Quality metrics as of this writing. Check out <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> to see how other &#8216;Mag 7&#8217; stocks compare.
<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 loading="lazy" decoding="async" width="501" height="191" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02223019/Screenshot-2025-06-03-080002.png" alt="" class="wp-image-935856" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02223019/Screenshot-2025-06-03-080002.png 501w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02223019/Screenshot-2025-06-03-080002-300x114.png 300w" sizes="(max-width: 501px) 100vw, 501px" /></a></figure>
Photo Courtesy: Skorzewiak on Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://benzinga.com/cannabis/25/06/45714519/ross-ulbricht-the-silk-road-founder-pardoned-by-trump-soon-after-his-inauguration-receives-a-whopping-31" target="_blank" rel="noreferrer noopener">Ross Ulbricht, The Silk Road Founder Pardoned By Trump Soon After His Inauguration, Receives A Whopping $31 Million Worth Of Bitcoin In Donation Wallet</a></li>
</ul>
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>

Meta Platforms Shareholders Say No To Mark Zuckerberg-Led Social Media Titan Putting Bitcoin On The Balance Sheet

U.S. stocks closed higher on Monday, with the Dow Jones Industrial Average inching up 0.08% to 42,305.48, the S&amp;P 500 advancing 0.4% to 5,935.94, and the Nasdaq climbing nearly 0.7% to 19,242.61. These are the top stocks that gained the attention of retail traders and investors throughout the day:
Applied Digital Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>)
Applied Digital&#8217;s shares surged by 48.46%, closing at $10.14. The stock hit an intraday high of $10.54 and a low of $8.03, with a 52-week range of $3.01 to $12.48. The shares rose nearly 3.5% in the after-hours trading. The company announced <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45721501/applied-digital-stock-surges-on-ai-data-center-deal-with-coreweave-what-you-need-to-know">long-term lease agreements</a> with CoreWeave Inc., spanning approximately 15 years. These agreements will provide 250 megawatts of critical IT load to support CoreWeave&#8217;s AI and high-performance computing infrastructure at Applied Digital&#8217;s North Dakota data center.
Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)
Meta Platforms saw a 3.62% increase, closing at $670.90. The stock&#8217;s intraday high was $673.26, with a low of $644.26, and a 52-week range of $442.65 to $740.89. The company is reportedly preparing to <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45732479/whats-going-on-with-meta-shares-today-2">launch a fully automated ad creation system</a> powered by AI by the end of 2026. This initiative is part of CEO Mark Zuckerberg&#8217;s strategy to enhance AI capabilities and revolutionize ad creation and delivery.
See Also:&nbsp;<a href="https://benzinga.com/news/politics/25/06/45716383/trump-administration-shuts-down-66-million-food-stamp-fraud-and-bribery-scheme-arrests-usda-employee-and-5-others" target="_blank" rel="noreferrer noopener">Trump Administration Shuts Down A $66 Million Food Stamp Fraud And Bribery Scheme, Arrests USDA Employee And 5 Others &#8211; Benzinga</a>
Alphabet Inc. (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>)
Alphabet&#8217;s Class A stock declined by 1.6%, closing at $169.03. The stock reached a high of $169.87 and a low of $167.39, with a 52-week range of $140.53 to $207.05. The Company&#8217;s Class C shares closed 1.4% lower at $170.37. Despite concerns about Google Search&#8217;s value, Goldman Sachs analysts believe Alphabet is <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45726507/alphabet-set-to-gain-from-google-ai-innovation-underappreciated-youtube-goldman-sachs">strategically positioned</a> for the AI era, particularly with its Google AI and YouTube offerings.
Lyra Therapeutics, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYRA#NASDAQ">LYRA</a>)
Lyra Therapeutics experienced a remarkable 310.75% jump, closing at $20.25. The stock&#8217;s intraday high was $37.50, with a low of $8.65, and a 52-week range of $3.81 to $37.50. The surge followed the release of <a href="https://www.benzinga.com/news/health-care/25/06/45719649/why-is-lyra-therapeutics-stock-surging-over-400-on-monday">positive results</a> from the ENLIGHTEN 2 Phase 3 trial of LYR-210, which showed significant improvement in treating Chronic Rhinosinusitis. The stock gained 4.9% in after-hours trading.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares fell by 1.09%, closing at $342.69. The stock recorded an intraday high of $348.02 and a low of $333.33, with a 52-week range of $167.42 to $488.54. The company is facing increased competition from Chinese electric vehicle makers, including BYD, Li Auto, Nio, and Xpeng, all of which reported strong&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/06/45729188/tesla-stock-is-trading-lower-today-whats-going-on">delivery numbers</a>&nbsp;for May.
<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 loading="lazy" decoding="async" width="441" height="279" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02215402/Screenshot-2025-06-03-at-10.53.47.png" alt="" class="wp-image-935818" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02215402/Screenshot-2025-06-03-at-10.53.47.png 441w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02215402/Screenshot-2025-06-03-at-10.53.47-300x190.png 300w" sizes="(max-width: 441px) 100vw, 441px" /></a></figure>
Benzinga&#8217;s Edge Stock Rankings show that Meta has a positive Price Trend in the Short, Medium and Long terms. Here is how the stock is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">ranked</a> on other metrics.
Photo Courtesy: Billion Photos on Shutterstock.com
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45737979/cathie-wood-sells-tesla-stock-as-chinese-rivals-gain-ground-ark-dumps-palantir-amid-privacy-concerns">Cathie Wood Sells Tesla Stock As Chinese Rivals Gain Ground — Ark Dumps Palantir Amid Privacy Concerns</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

APLD

LYRA

Applied Digital Corp, Meta Platforms, Alphabet, Lyra Therapeutics, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) co-founder Steve Jobs' widow, Laurene Powell Jobs, seems to have endorsed a <a href="https://www.benzinga.com/tech/25/05/45602719/openais-acquisition-of-jony-ives-startup-poses-threat-to-apples-dominance">mysterious AI hardware</a> device being developed by Jony Ive and OpenAI CEO Sam Altman.
What Happened: In a Financial Times interview that was published on Monday, Ive reflected on his years designing the iPhone and its ripple effects on society.
"Many of us would say we have an uneasy relationship with technology at the moment," he said, referring to the harmful effects of technology like social media addiction.&nbsp;
The former Apple design chief said that his work on the AI-powered device with Altman is driven by a sense that "humanity deserves better."
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/05/45664231/teslas-optimus-may-be-the-first-humanoid-robot-to-achieve-high-volume-and-tech-scale-says-nvidia-ceo-jensen-huang-likely-to-be-the-next-multi-trillion-dollar-industry" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Optimus May Be The First Humanoid Robot To Achieve High Volume And Tech Scale, Says Nvidia CEO Jensen Huang: ‘… Likely To Be The Next Multi-Trillion Dollar Industry&#8217;</a>
"If you make something new, if you innovate, there will be consequences unforeseen … While some of the less positive consequences were unintentional, I still feel responsibility. And the manifestation of that is a determination to try and be useful."
Powell Jobs, who has remained close to Ive since Steve Jobs&#8217; passing in 2011, praised the collaboration and has invested in both his LoveFrom design firm and the io hardware startup behind the new device.
"If it wasn't for Laurene… there wouldn't be LoveFrom," Ive said. The AI hardware project, currently <a href="https://www.benzinga.com/tech/25/05/45640879/openais-sam-altman-says-6-5b-deal-with-jony-ive-to-build-ai-companions-could-add-1-trillion-in-company-value-report">valued at $6.5 billion</a>, is being acquired by OpenAI.
Powell Jobs expressed cautious optimism, noting that while technology has "dark uses," she's inspired watching ideas go from a thought to drawings, to prototypes and then something you think can't get any better, but then seeing the next version.
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.
"Just watching something brand new be manifested, it's a wondrous thing to behold," she stated.
When asked if this new device will rival Apple&#8217;s offerings, she said, "I'm still very close to the leadership team in Apple. They're really good people and I want them to succeed also."
Before meeting Steve Jobs, Powell Jobs built her career in finance and is now estimated to be worth $11.4 billion.
Why It's Important: Previously, Ive referred to smartphones and laptops as "<a href="https://www.benzinga.com/25/05/45638355/headline-apples-former-design-chief-jony-ive-called-phones-and-laptops-legacy-platforms-google-ceo-sundar-pichai-said-pulling-out-a-black-glass-rectangle-wont-make-sense-forever-though-new-age-devices-havent-really-taken-off-yet">legacy products</a>," implying that they no longer define the future of computing.
Earlier, Gene Munster cautioned that OpenAI poses the first major competitive <a href="https://www.benzinga.com/news/25/05/45599511/apple-faces-first-serious-threat-in-20-years-as-openai-acquires-iphone-makers-former-design-chief-jo">threat to Apple in 20 years</a> following the AI startup's acquisition of Ive's hardware startup.
Apple has been <a href="https://www.benzinga.com/tech/25/05/45602719/openais-acquisition-of-jony-ives-startup-poses-threat-to-apples-dominance">struggling to make meaningful advancements</a> in AI. The tech giant is also experiencing a wave of departures, including senior executives and engineers.
This talent drain comes as rivals like 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 and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) continue to push forward in the generative AI race.
Price Action: Apple shares climbed 0.42% during Monday's regular trading session, as per <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
According to Benzinga Edge Stock Rankings, <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Apple holds a growth score of 32.97%. Click here to compare it with other major players such</a> as Alphabet and Microsoft.
<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/2025/06/02220533/Screenshot-2025-06-03-at-7.33.17%E2%80%AFAM.png" alt="" class="wp-image-935831" /></a></figure>
Photo Courtesy: charnsitr on Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Steve Jobs' Widow Is Backing Jony Ive's Mystery AI Device Even Though She's Still 'Very Close' To Apple Leadership: 'If It Wasn't For Laurene…'

Leading cryptocurrencies climbed on Monday, despite rising trade tensions between the U.S. and China.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+0.72%</td>
<td>$106,306.77</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+3.49%</td>
<td>$2,622.12</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.51%</td>
<td>$0.1968</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin surpassed $106,000 overnight, after fluctuating between $104,000 and $105,000 throughout the day. Trading volume jumped 30% from the previous day.
Similarly, Ethereum broke past $2,600 in the late evening rally, with volume rising by over 43% in the last 24 hours. The spike comes after co-founder Vitalik Buterin said that the blockchain&#8217;s base layer <a href="https://www.benzinga.com/crypto/25/06/45716370/ethereums-l1-will-be-scaled-by-10x-over-the-next-year-says-vitalik-buterin">will be scaled by 10x</a> in about a year.
Bitcoin's market dominance narrowed to 63.8%, while Ethereum's share of the market widened to 9.5%
More than $200 million was liquidated from the cryptocurrency market in the last 24 hours, with bearish bets accounting for 62% of the total liquidations.
Moreover, nearly $363 million in shorts risked liquidation if BTC rallied to $108,000.
Ethereum's Open Interest jumped 7.22% in the last 24 hours, reaching a new all-time high of $36.46 billion. More than 60% of Binance traders with open ETH positions were long at the time of writing.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. ET)</td>
</tr>
<tr>
<td>SPX6900 (SPX)</td>
<td>+10.46%</td>
<td>$1.13</td>
</tr>
<tr>
<td>dogwifhat (WIF)</td>
<td>+9.25%</td>
<td>$0.9525</td>
</tr>
<tr>
<td>Sky (SKY)</td>
<td>+8.91%</td>
<td>$0.07279</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.34 trillion, following an increase of 1.08% in the last 24 hours.
Stocks edged up on the first trading day of June. The Dow Jones Industrial Average rose 35.41 points, or 0.08%, to end at 42,305.48. The S&amp;P 500 rose 0.41% to close at 5,935.94, while the tech-focused Nasdaq Composite spiked 0.67% to end at 19,242.61.
Investors continued to monitor developments around the U.S.-China trade dispute. China rejected President Donald Trump&#8217;s<a href="https://www.benzinga.com/news/politics/25/06/45715447/xi-jinpings-china-dismisses-trumps-groundless-accusations-on-geneva-trade-deal-breach-vows-strong-retaliation"> allegations of violating the Geneva trade pact</a>. Instead, it accused the U.S. of imposing &#8220;discriminatory restrictive&#8221; policies, such as limiting AI chip exports.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Blockchain analytics firm Santiment observed that cryptocurrency traders were being cautious about Bitcoin.
"Bitcoin mentions across social media show 1.3 bullish comments for every 1 bearish comment. This reflects the crowd&#8217;s high association between BTC and the stock market, with its success highly contingent on a healthy American economy," Santiment stated.
On the other hand, there was euphoria for Ethereum, with 3 bullish comments for every 1 bearish comment, likely due to its 41% surge last month.
<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">&#x1f1fa;&#x1f1f8; As Jerome Powell speaks on the state of U.S. inflation, we are seeing two very different stories between Bitcoin and Ethereum. &#x1fae3; Bitcoin mentions across social media show 1.3 bullish comments for every 1 bearish comment. This reflects the crowd&#39;s high association between… <a href="https://t.co/O6NLKKiEBk">pic.twitter.com/O6NLKKiEBk</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1929612375822582204?ref_src=twsrc%5Etfw">June 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Cryptocurrency analyst and trader Michaël van de Poppe noted a "hidden bullish divergence" for ETH, signaling a potential upward breakout.&nbsp;
"It&#8217;s still taking a lot of time, but happy to be seeing the consolidation while still being up a lot from the low in April," Van De Poppe said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Good signs, a hidden bullish divergence on <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> signalling that we&#39;re ready for a breakout upwards. It&#39;s still taking a lot of time, but happy to be seeing the consolidation, while still being up a lot from the low in April. <a href="https://t.co/oS4N6tExx2">pic.twitter.com/oS4N6tExx2</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1929611221541486649?ref_src=twsrc%5Etfw">June 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: Quality Stock Arts on Shutterstock.com
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45731315/expert-applauds-secs-protocol-staking-clarity-boosting-crypto-innovation">Expert Applauds SEC&#8217;s Protocol Staking Clarity, Boosting Crypto Innovation</a></li>
</ul>

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Rise As China Counters Trump's Trade Deal Breach Claim: Analyst Says BTC Success Riding On Health Of US Economy

When a big inheritance lands in your lap, your instincts may tell you to start making "smart" moves—buy the house, hire the advisor, set up the portfolio. But <a href="https://www.benzinga.com/personal-finance/25/05/45485339/mom-asks-suze-orman-did-we-create-a-monster-23-year-old-daughter-has-250k-saved-but-refuses-to-pay-for-dates-or-family-outings">Suze Orman</a> has one word for you: don't.
On an April episode of her "Women &amp; Money" podcast, Orman gave a sobering but powerful message to anyone facing the emotional chaos that often comes with a sudden windfall. The <a href="https://omny.fm/shows/suze-ormans-women-and-money/suze-school-revisiting-recognizing-financial-advisor-abuse?in_playlist=podcast">episode focused on a 57-year-old woman</a> who had just lost her husband and was trying to figure out what to do with a $7 million life insurance payout.
"She was left to the tune of $7 million," Orman said. "Now this woman has never dealt with $7 million in her life."
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And Orman's advice?
"You are to do nothing other than <a href="https://www.benzinga.com/personal-finance/25/04/44715539/suze-orman-says-when-sentiment-is-this-fearful-its-not-the-time-to-sell-but-if-youll-need-the-money-in-5-years-it-shouldnt-be-in-the-market">keep this money safe and sound</a>," she said. "Except obviously pay off debts and things like that, but nothing besides that. For at least six months, one year or two years after suffering the loss of a loved one."
Orman's reasoning is deeply rooted in psychology—and experience.
"You may feel like you are making the right decisions and that you know what you're doing when it comes to money that you've never handled before, but I'm here to tell you," she said. "You are not in your body. You will get taken advantage of possibly, but you will not be doing that which you should be doing with this money."
The woman, a mother of four—ages 21, 18, 16, and 12—was three months into grieving her husband when she initially reached out to Orman. At that time, Orman carefully guided her to place the full $7 million into a treasury money market account through a reputable brokerage firm, where she'd earn around 4%–5% interest with minimal risk. The instructions were crystal clear:
"You are to do nothing. Do not touch this money. You are just going to let it sit there," she said.&nbsp;
Trending: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
But that didn't last.
Months later, a financial advisor from that very brokerage firm contacted her and convinced her to split up $2.4 million into two annuities—$1.5 million in one, $900,000 in another—and planned to invest the rest in stocks and bonds, leaving only $1.5 million in the money market account.
Orman was livid.
"Nothing upsets me more than that," she said, referring to advisors who act in their own financial interest before a grieving client is emotionally ready. "We all deserve to know what to do with money, to be taken care of, to not have some financial adviser do things with people's money when they're not ready to do it just 'cause this person may make more money or his firm may make more money."
So what should you do if you suddenly come into a large sum of money, whether from an inheritance, lottery win, or sale of a business?
See Also: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
According to Orman: slow down. Park the money somewhere safe, like a treasury-backed money market account. Let the dust settle before you make life-altering decisions—especially ones driven by outside "experts" with a commission in the balance.
Financial planners often say one of the worst times to make big decisions is after a major emotional event. Behavioral economists call it "decision fatigue." Grief only amplifies it.
That said, <a href="https://www.benzinga.com/personal-finance/25/04/44616088/dave-ramsey-caller-tells-him-following-advice-to-pay-off-house-didnt-work-because-now-she-has-no-credit-but-he-says-that-was-the-point">there's a valid counterpoint</a>: waiting too long to make any moves can expose your money to inflation risk, market shifts, or—ironically—bad advice from friends and family. The key is balance. Take Orman's <a href="https://www.benzinga.com/25/05/45498403/what-is-your-emotional-money-score-suze-ormans-20-questions-to-determine-if-you-are-in-control-of-your-money-or-if-its-in-control-of-you">advice as a mandate</a> to protect your money until you're mentally ready, not a reason to ignore it completely.
Because <a href="https://www.benzinga.com/money/are-you-rich">$7 million is a lot</a>. But peace of mind? That's priceless.
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Image: Shutterstock

Personal Finance

57-Year-Old Inherits $7 Million After Husband's Unexpected Death — Suze Orman Tells Her 'Do Not Touch This Money' For At Least 6 Months

On Monday, Cathie Wood-led Ark Invest made significant trades, notably offloading shares of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>).
The Tesla Trade: Ark Invest sold 1,594 shares of the Elon Musk-led company. For the day, Tesla shares closed at $342.69, making the trade, carried out through the ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>), worth $546,247.
This move comes as Tesla faces <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45729188/tesla-stock-is-trading-lower-today-whats-going-on">stiff competition</a> from Chinese electric vehicle rivals, which reported strong delivery numbers for May. Tesla&#8217;s competitors, including BYD, Li Auto, Nio, and Xpeng, saw sales growth in China last month, putting pressure on Tesla&#8217;s market position.
The PLTR Trade: Ark Invest also offloaded 17,467 shares of Palantir Technologies. This decision comes amidst <a href="https://www.benzinga.com/markets/equities/25/06/45715850/trump-administration-silently-employs-palantir-to-gather-personal-data-of-each-american-raising-privacy-data-misuse-concerns-report">concerns over privacy</a> and potential misuse of personal data. As reported by Benzinga, the Trump administration has been discreetly working with Palantir to gather personal data of American citizens from various federal agencies. Despite these concerns, former hedge fund manager Martin Shkreli <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45716400/pharma-bro-martin-shkreli-sees-10-trillion-potential-in-palantir-but-cautions-one-bad-quarter-and-its-down-50">expressed bullish views</a> on Palantir but cautioned investors about the stock's inherent volatility in an interview.
The Ark trade was made through ARKK. On Tuesday, Palantir stock closed at $132.04. The sale of shares was worth $2.31 million.
Other Key Trades:
<ul class="wp-block-list">
<li>Ark Invest purchased 25,447 shares of eToro Group Ltd. (ETOR).</li>
<li>Ark Invest bought 51,903 shares of Illumina Inc. (ILMN).</li>
<li>Ark Invest sold 278,792 shares of Adaptive Biotechnologies Corp. (ADPT).</li>
<li>Ark Invest bought 335,140 shares of 10X Genomics Inc. (TXG) through multiple ETFs.</li>
<li>Ark Invest sold 55,419 shares of Roblox Corp. (RBLX).</li>
</ul>
<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 loading="lazy" decoding="async" width="440" height="279" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02212214/Screenshot-2025-06-03-at-10.21.59.png" alt="" class="wp-image-935791" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02212214/Screenshot-2025-06-03-at-10.21.59.png 440w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02212214/Screenshot-2025-06-03-at-10.21.59-300x190.png 300w" sizes="(max-width: 440px) 100vw, 440px" /></a></figure>
Benzinga's Edge Stock Rankings indicate that Tesla scores high on Momentum, Growth, Quality And Value. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Find out</a> how Palantir compares.
Photo Courtesy: ChrisStock82 on Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

ARKK

Cathie Wood Sells Tesla Stock As Chinese Rivals Gain Ground — Ark Dumps Palantir Amid Privacy Concerns

Investor Kevin O'Leary has dismissed France's shorter workweek as "the stupidest idea I have ever heard." However, several other leaders and tech executives believe artificial intelligence could soon make it a reality.
What Happened: O'Leary, known as "Mr. Wonderful" on Shark Tank, took to X, formerly Twitter, on Sunday and criticized the push for a reduced workweek.&nbsp;
" I think we should let the French go to a two-day work week and then kick their a&#x2A;&#x2A; internationally," said O'Leary.
He then said that the concept of the work week already doesn't work anymore because of the digital economy. "I look at my staff, 40% of them work remotely all around the world."
See Also: <a href="https://www.benzinga.com/news/topics/25/05/45709843/barack-obama-once-said-work-life-balance-isnt-always-possible-if-you-want-to-be-successful-you-can-have-it-all-but-you-cant-have-it-all-at-once">Barack Obama Once Said Work-Life Balance Isn&#8217;t Always Possible If You Want To Be Successful: &#8216;You Can Have It All—But You Can&#8217;t Have It All At Once&#8217;</a>
"It&#8217;s project-based. Can you get it done by the 15th of June? Yes, I can. I don&#8217;t care when you do it, f- four-day, three-day, five-day," he concluded.
<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">That&#39;s the stupidest idea I have ever heard. I think we should let the French go to a two-day work week and then kick their ass internationally. There&#39;s no such thing as a work week anymore anyways on a digital economy. I look at my staff, 40% of them work remotely all around the… <a href="https://t.co/jElB5lzLBK">pic.twitter.com/jElB5lzLBK</a>
&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href="https://twitter.com/kevinolearytv/status/1929204207250452926?ref_src=twsrc%5Etfw">June 1, 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: Earlier, Senator Bernie Sanders (I-Vt.) <a href="https://www.benzinga.com/news/24/03/37681980/bernie-sanders-is-back-with-his-4-day-workweek-plan-with-no-pay-cut-not-a-radical-idea">introduced legislation</a> advocating for a four-day, 32-hour workweek in the U.S., without any cuts to workers&#8217; pay.
He said that although American workers are now more than 400% more productive than they were in the 1940s, many are putting in longer hours while earning comparatively less.
Billionaire Steve Cohen and Zoom CEO Eric Yuan previously expressed their belief that AI will enable shorter weeks by <a href="https://www.benzinga.com/24/09/41041598/zoom-ceo-eric-yuan-predicts-4-day-work-weeks-enabled-by-ai-within-20-years-echoing-views-of-bill-gat">boosting productivity</a>.
Even Microsoft co-founder Bill Gates has said he believes a three-day workweek could be possible in the future <a href="https://www.benzinga.com/news/23/11/35927838/bill-gates-thinks-technology-ai-could-usher-in-a-three-day-work-week">thanks to automation</a>.
Photo Courtesy: Kathy Hutchins on Shutterstock.com
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>.
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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.

Kevin O'Leary Blasts Four-Day Workweek As The 'Stupidest Idea Ever' — Here's Why Mr Wonderful Thinks The Concept Doesn't Work In The Era Of Remote Work

Sen. Chuck Schumer (D-N.Y.) tore into Donald Trump&#8217;s alleged &#8220;side deal&#8221; with Iran on Monday and demanded that the president make public any such agreements with Tehran.
What Happened: Schumer took to X to criticise Trump, Secretary of State Marco Rubio and United States Special Envoy to the Middle East Steve Witkoff. 
He said, &#8220;If TACO Trump is already folding on Iran, the American people need to know about it.&#8221; TACO refers to a <a href="https://www.benzinga.com/25/05/45665026/trump-always-chickens-out-president-confronted-with-taco-trade-thesis-by-reporteras-markets-bet-hell-blink-again">Wall Street trade</a> premised on the idea that the president always backs away from his earlier aggressive stances. It&#8217;s an acronym for &#8220;Trump Always Chickens Out.&#8221;
<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">If TACO Trump is already folding on Iran, the American people need to know about it. No side deals. <a href="https://t.co/T4gnekrGhT">pic.twitter.com/T4gnekrGhT</a>
&mdash; Chuck Schumer (@SenSchumer) <a href="https://twitter.com/SenSchumer/status/1929676991789203528?ref_src=twsrc%5Etfw">June 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Schumer said Trump was &#8220;all over the lot&#8221; when it came to negotiating with Iran, in a video he attached to his post. &#8220;One day, he sounds tough, the next day he&#8217;s backing off.&#8221; The Senate minority leader said that it&#8217;s become public that Rubio and Witkoff are negotiating a &#8220;secret side deal&#8221; with Iran.
&#8220;They&#8217;re gonna sound tough in public and then and then have a side deal that lets Iran get away with everything? That&#8217;s outrageous,&#8221; said Schumer. He then went on to demand that such a deal be put before the American people and the Congress.
The United States has reportedly put forward a nuclear proposal to Iran, permitting limited low-level uranium enrichment within the country. This move marks a departure from previous public statements by U.S. officials advocating for zero enrichment.
The proposal, <a href="https://www.axios.com/2025/06/02/iran-nuclear-deal-proposal-enrich-uranium">reported</a> by Axios, was delivered by Witkoff. It includes preliminary ideas for the upcoming round of nuclear talks. The plan suggests that Iran dismantle key nuclear infrastructure and cease new centrifuge research. Additionally, it proposes a regional enrichment consortium, limiting Iran&#8217;s domestic capabilities to civilian purposes.
This proposal has raised concerns among U.S. allies, particularly Israel and Republican senators, who have consistently advocated for zero enrichment and the complete dismantlement of Iran&#8217;s nuclear program. Axios reported that Prime Minister Benjamin Netanyahu has been pushing for a stringent deal and cautioned against actions that might jeopardize negotiations.
See Also: <a href="https://benzinga.com/markets/economic-data/25/06/45715685/howard-lutnick-calls-1-2-trillion-trade-deficit-a-national-emergency-says-trumps-tariffs-ar" target="_blank" rel="noreferrer noopener">Howard Lutnick Calls $1.2 Trillion Trade Deficit A &#8216;National Emergency,&#8217; Says Trump&#8217;s Tariffs Are &#8216;Not Going Away&#8217;</a>
Meanwhile, Trump took to social media to deny that the administration would allow Iran to enrich Uranium.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="606" height="198" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02203907/Screenshot-2025-06-03-at-9.38.51.png" alt="" class="wp-image-935764" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02203907/Screenshot-2025-06-03-at-9.38.51.png 606w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02203907/Screenshot-2025-06-03-at-9.38.51-300x98.png 300w" sizes="(max-width: 606px) 100vw, 606px" /></figure>
Screenshot from President Donald Trump&#8217;s Truth Social Account
Why It Matters: In April 2025, Iran signaled its willingness to engage in high-level nuclear discussions with the U.S., while warning against <a href="https://www.benzinga.com/news/25/04/44758747/iran-signals-openness-to-nuclear-talks-with-us-warns-against-trumps-aggressive-theatrics">Trump&#8217;s aggressive theatrics</a>.
The latest proposal comes after a series of diplomatic gestures and tensions between the U.S. and Iran. In May 2025, Trump <a href="https://www.benzinga.com/25/05/45395894/trump-makes-peace-gesture-at-iran-amid-middle-east-optimism-willing-to-end-past-conflicts-and-forge-new-partnerships">extended an olive branch</a> to Iran, expressing hope for improved relations in the Middle East. This was part of a broader strategy to be perceived as a global peacemaker.
Trump had earlier reinstated his &#8220;maximum pressure&#8221; sanctions campaign on Iran, <a href="https://www.benzinga.com/25/02/43480859/trump-confirms-maximum-economic-pressure-on-iran-calls-chinas-tariff-retaliation-fine">aiming to increase economic and political pressure</a> on Tehran. This dual approach of pressure and diplomacy has characterized the U.S.-Iran relations under Trump&#8217;s administration.
Photo Courtesy: Bumble Dee On Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Chuck Schumer Says If 'TACO Trump' Is Already Folding On Iran, The American People Need To Know: 'One Day, He Sounds Tough, The Next Day He's Backing Off'

Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) <a href="https://www.salesforce.com/news/press-releases/2025/05/27/salesforce-signs-definitive-agreement-to-acquire-informatica/">announced</a> Tuesday that it will acquire Informatica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFA#NYSE">INFA</a>) in a cash deal valued at approximately $8 billion. The acquisition underscores Salesforce's intent to bolster its artificial intelligence capabilities by integrating a core player in enterprise data management.
Under the terms of the deal, holders of Informatica's Class A and Class B-1 common stock will receive $25 per share — an 11% premium over the company's closing price of $22.55 on Friday, <a href="https://techcrunch.com/2025/05/27/salesforce-acquires-informatica-for-8-billion/">TechCrunch</a> reported.
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<h2 class="wp-block-heading">Informatica: &#8216;The Plumbing For AI&#8217;</h2>
Informatica CEO Amit Walia framed the acquisition as a shared effort to bring data and AI to life, describing Informatica in a statement as the plumbing for AI and data. Informatica's Intelligent Data Management Cloud platform helps enterprises connect, manage, and unify complex data systems across multi-cloud and hybrid environments.
"Joining forces with Salesforce represents a significant leap forward in our journey," Walia said in a statement on Tuesday. "We have a shared vision for how we can help organizations harness the full value of their data in the AI era."
Steve Fisher, Salesforce's chief technology officer, said that the truly autonomous, trustworthy AI agents need the most comprehensive understanding of their data, adding that Informatica's metadata and catalog tools will complement Salesforce's agentic AI platform, Agentforce.
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<h2 class="wp-block-heading">Strategic Rationale: Building A Foundation For Agentic AI</h2>
The acquisition builds on Salesforce's previous investments in data and AI. It follows the company's multibillion-dollar acquisitions of Slack at $27.7 billion in 2021, Tableau at $15.7 billion in 2019, and MuleSoft at $6.5 billion in 2018.&nbsp;
According to Salesforce CEO Marc Benioff, Informatica will be integrated alongside Data Cloud, Tableau, and MuleSoft to enable autonomous agents to deliver smarter, safer, and more scalable outcomes for every company.
Salesforce&#8217;s operating and financial chief Robin Washington said the company will move quickly to leverage Informatica's capabilities across public sector, life sciences, healthcare, and financial services verticals, where governed, trustworthy data is critical.
The deal is expected to close in early fiscal 2027, pending regulatory approvals and other customary closing conditions.
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<h2 class="wp-block-heading">From Buyout To Buy-In</h2>
Informatica was taken private in 2015 through a $5.3 billion deal led by private-equity firm Permira and the Canada Pension Plan Investment Board. Informatica says it serves more than 5,000 customers across nearly 100 countries, including over 80 of the Fortune 100, according to its acquisition announcement.
The transaction will be financed through a combination of Salesforce's cash and new debt, the company said in the announcement.&nbsp;
Read Next: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
Image: Shutterstock

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