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Jade Biosciences

Jade Biosciences Inc is focused on developing therapies to address critical unmet needs in autoimmune diseases. Its asset, JADE-001, will target the anti-A PRoliferation-Inducing Ligand (APRIL) pathway for immunoglobulin A (IgA) nephropathy, with Investigational New Drug Application-enabling studies underway and initiation of a first-in-human trial. Jade's pipeline also includes two undisclosed optimized antibody discovery programs, JADE-002 and JADE-003, currently in preclinical development. Jade was launched based on assets licensed from Paragon Therapeutics, an antibody discovery engine founded by Fairmount.

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Pinterest sube un 12,7 % tras superar ingresos del primer trimestre y aumentar usuarios mensuales. Otras acciones también reaccionan.

Acciones de Pinterest (PINS) se disparan un 13%; Aquí están 20 acciones que se mueven en el premercado

Before leading the Android division, Sameer Samat made a bold move early in his career that would end up shaping his professional journey: cold-emailing Google, rebranded as Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) in 2015, co-founder Sergey Brin at 3 am.
What Happened: Back in 1999, Samat was in his early 20s, running a machine learning startup called Mohomine during the <a href="https://www.benzinga.com/tech/25/02/43838071/microsoft-ceo-satya-nadella-warns-of-dot-com-like-ai-bubble-pushes-for-measuring-ai-impact-with-gdp-growth-self-claiming-agi-milestone-is-just-nonsensical-benchmark-hacking">dot-com boom</a>.
When his co-founders considered leaving to attend grad school, he struggled with how to keep the company going. In search of advice, Samat reached out to Brin, having read his academic papers and admired Google's mission.
"This is 1999, 3 a.m. email," Samat recalled in an <a href="https://www.businessinsider.com/google-android-sameer-samat-cold-email-sergey-brin-2025-7">interview</a> with Business Insider, saying he asked Brin, "What would you do in this situation? I'm sure you wrestled with this grad school decision."
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45827474/google-co-founder-larry-page-predicted-a-machine-that-would-understand-everything-on-the-web-has-that-25-year-old-pipe-dream-finally-turned-into-reality">Google Co-Founder Larry Page Predicted A Machine That Would &#8216;Understand Everything On The Web,&#8217; Has That 25-Year Old Pipe Dream Finally Turned Into Reality?</a>
To Samat's surprise, Brin replied within a minute and invited him to visit Google's office. What started as a conversation quickly turned into an on-the-spot job interview. He "paraded one engineering person after another into the room," Samat said.
Though Brin offered him a job, Samat declined, choosing to stay loyal to his startup. Brin respected the decision and even introduced him to investors, some of whom helped fund Mohomine.
&#8220;He didn&#8217;t have to do any of that,&#8221; Samat stated, adding, &#8220;And so I try to pay that forward, too, when people call me up with something similar.&#8221;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox
Samat's company was later acquired by Kofax (now Tungsten Automation), giving Samat valuable startup experience.
He eventually joined Google in 2008 after being persuaded by Marissa Mayer and interviewing with Sundar Pichai, who would later become CEO. He left in 2015, only to return when Pichai personally asked him to help lead Android and Google Play, the report added.
Why It's Important: In a separate <a href="https://www.techradar.com/phones/android/i-think-you-see-the-future-first-on-android-googles-android-leader-sameer-samat">interview</a> with TechRadar last week, Samat confirmed that the company plans to merge its Android mobile operating system with ChromeOS, which currently powers Chromebooks.
They're aiming for a single unified platform, hinting at evolving how laptops fit into Google's ecosystem. This statement is the clearest official sign yet of a move that has been speculated about for months.
Benzinga's Edge Stock Rankings indicate that GOOG is trending positively in the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">You can find more detailed performance insights here</a>.
<figure class="wp-block-image aligncenter 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/2025/07/15043407/Screenshot-2025-07-15-at-2.01.46%E2%80%AFPM.png" alt="" class="wp-image-985408" /></a></figure>
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:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46256702/sundar-pichai-next-trumps-next-big-tech-payday-could-be-from-youtube-after-settling-lawsuits-with-meta-and-x-productive-discussions-underway">Sundar Pichai Next? Trump&#8217;s Next Big Tech Payday Could Be From YouTube After Settling Lawsuits With Meta And X: &#8216;Productive Discussions&#8217; Underway</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: JHVEPhoto On Shutterstock.com

Tech

GOOG

GOOGL

Google's Android Chief Once Cold-Emailed Sergey Brin At 3 AM — What Happened Next Changed His Career Forever

Standard Chartered PLC launched digital assets spot trading for institutional clients on Monday, marking a watershed moment as the first global systemically important bank to offer deliverable Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) trading services.
What Happened: The London-based bank now provides spot trading for Bitcoin and Ethereum through its UK branch, with plans to introduce non-deliverable forwards trading soon. The service targets institutional clients, including corporates, investors and asset managers.
&#8220;Digital assets are a foundational element of the evolution in financial services,&#8221; said Bill Winters, Group Chief Executive of Standard Chartered. &#8220;As client demand accelerates further, we want to offer clients a route to transact, trade and manage digital asset risk safely and efficiently within regulatory requirements.&#8221;
The trading platform integrates with Standard Chartered&#8217;s existing foreign exchange interfaces, allowing institutional clients to access cryptoassets through familiar systems. Clients can settle with their choice of custodian, including the bank&#8217;s proprietary digital assets custody solutions.
Tony Hall, Global Head of Trading and XVA at Standard Chartered, emphasized the bank&#8217;s competitive positioning. &#8220;We are applying our global expertise, infrastructure and risk management frameworks that our clients trust to the digital assets space,&#8221; Hall said. &#8220;With growing interest in regulated digital assets solutions, we are well positioned to meet client needs while capturing the opportunities in this space.&#8221;
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46409079/nvidia-growth-estimates-get-10-boost-as-us-lifts-china-chip-export-curbs-gene-munster-predicts-30-35-growth-for-2026">Nvidia Growth Estimates Get 10% Boost As US Lifts China Chip Export Curbs: Gene Munster Predicts 30-35% Growth For 2026</a>
Why It Matters: The launch comes amid <a href="https://www.benzinga.com/crypto/25/07/46407297/bitcoin-retraces-from-highs-ahead-of-cpi-report-ethereum-gains-and-dogecoin-falls-analyst-says-135000-140000-isnt-hopium-but-one-clean-breakout-away">heightened institutional interest in cryptocurrency markets</a>. Bitcoin traded at $119,233 as of Monday evening, up approximetly 11.68% in the third quarter. Ethereum gained 20% over the same period, trading at $2,986.
Standard Chartered&#8217;s Global Head of Digital Assets Research, Geoffrey Kendrick, previously predicted Bitcoin would reach $135,000 in the third quarter and $200,000 in the fourth quarter, driven by exchange-traded fund inflows and corporate treasury demand.
ETFs purchased 120,000 BTC worth $12.4 billion in the second quarter, while <a href="https://www.benzinga.com/markets/25/07/46318203/why-standard-chartered-says-h2-2025-will-be-bitcoins-best-ever">corporate treasuries acquired 125,000 BTC</a>.
The cryptocurrency market capitalization stood at $3.74 trillion, with trading volume for Bitcoin surging 256% to $180 billion amid recent volatility. 
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46409249/peter-thiel-linked-gpx-targets-500-million-to-reinvent-vc-with-fund-of-funds-twist-backing-early-stage-stars-into-series-b-report">Peter Thiel-Linked GPx Targets $500 Million To Reinvent VC With Fund-Of-Funds Twist, Backing Early-Stage Stars Into Series B: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: MOZCO Mateusz Szymanski On Shutterstock.com

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

Cryptocurrency

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$ETH

Standard Chartered Enters Crypto Trading — First Big Bank To Offer Deliverable BTC, ETH To Institutions

Renowned financial advisor Dave Ramsey has offered valuable advice to Americans considering buying a new car, highlighting the importance of making a well-informed and financially sound decision.
What Happened: Ramsey advises against the pursuit of the perfect car, instead urging buyers to focus on practical needs and financial constraints, <a href="https://www.thestreet.com/personal-finance/dave-ramsey-warns-americans-buying-a-car">reports</a> The Street.
He also suggests that buyers ask themselves essential questions such as the type of vehicle needed for daily routines, the number of passengers typically carried, and the importance of fuel economy and storage capacity.
He also encourages buyers to be patient and explore various options, both online and in showrooms, before making a decision. Ramsey warns against the rapid acceptance of the first appealing offer, emphasizing the importance of finding the best fit for individual needs.
See Also: <a href="https://benzinga.com/news/topics/25/07/46389339/robert-reich-says-the-u-s-government-is-no-longer-able-to-protect-us-from-real-hazards-because-its-shifting-funds-to-fake-hazards" target="_blank" rel="noopener">Robert Reich Says, &#8216;The U.S. Government Is No Longer Able To Protect Us From Real Hazards, Because It&#8217;s Shifting Funds To Fake Hazards&#8217;</a>
However, Ramsey also offers a sobering reminder about the steep depreciation of new cars, warning that unless your net worth exceeds $1 million, opting for a used vehicle is the wiser financial move.
&#8220;Brand-new cars drop in value like a bag of rocks, losing 60% of their value in the first five years,&#8221; he said in a post last year.
The financial guru also recommends that buyers narrow their options to a handful of vehicles that align with both their budget and daily needs.
He asked people to assess key factors like safety ratings, acceleration, fuel efficiency, and overall comfort, urging shoppers to prioritize practicality over simply choosing the cheapest option.
Why It Matters: The advice from Ramsey comes at a time when the cost of car ownership is a significant concern for many Americans.
A January 2025 <a href="https://www.benzinga.com/news/25/03/44309975/suze-orman-warns-against-this-costly-car-buying-mistake-are-you-kidding-me-thats-just-spending-on-a-want-not-a-need">report from Edmunds</a> reveals a troubling trend in auto financing. In the fourth quarter of 2024, about 24.9% of trade-ins used for new car purchases involved negative equity, up from 20.4% during the same period in 2023.
The average amount borrowers owed beyond their vehicle's value hit a record high of $6,838, exceeding the previous record of $6,458 set just a quarter earlier. Alarmingly, nearly a quarter (24.6%) of those with negative equity were more than $10,000 underwater on their auto loans.
Ramsey&#8217;s advice also aligns with his previous stance on car payments, where he <a href="https://www.benzinga.com/personal-finance/24/08/40151501/dave-ramseys-tough-love-on-car-payments-avoid-the-middle-class-trap-the-goal-is-have-cars-where-">advocated for avoiding</a> the middle-class trap of perpetual car payments, stressing the importance of making financially prudent decisions when it comes to car ownership.
Meanwhile, legendary investor Warren Buffett once <a href="https://www.benzinga.com/personal-finance/25/05/45336111/warren-buffett-didnt-buy-a-new-car-for-years-heres-why-you-might-want-to-wait-even-with-looming-tariffs">opted to wait</a> on buying a new car for years. The Oracle of Omaha drove his 2006 Cadillac DTS for eight years before finally upgrading — but only after General Motors CEO Mary Barra personally convinced him.
After hearing about dozens of improvements during a brief conversation, Buffett agreed to trade it in for a 2014 Cadillac XTS.
Read Next:
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<li><a href="https://benzinga.com/news/politics/25/07/46384692/elon-musk-says-trump-wants-everyone-to-stop-talking-about-epstein-reiterates-demand-that-president-" target="_blank" rel="noopener">Elon Musk Says Trump Wants Everyone To &#8216;Stop Talking&#8217; About Epstein, Reiterates Demand That President &#8216;Just Release The Files&#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: Shutterstock

Personal Finance

Dave Ramsey Says Don't Buy A New Car Unless You're Worth $1 Million

Silver may be setting itself up for a major price move, according to Otavio &#8220;Tavi&#8221; Costa, a leading macro strategist at Crescat Capital.
Check out the current price of <a href="https://www.benzinga.com/quote/SLV" target="_blank" rel="noreferrer noopener">SLV stock here.</a>
What Happened: On Monday, in a post on X, Costa highlighted a technical signal for the precious metal, a surge in the lease rates, or the cost of borrowing silver for selling short.
He believes this echoes a similar pattern that was seen with Platinum just weeks before it broke out. &#8220;Silver lease rates are surging, just like platinum did before its major breakout a few weeks ago,&#8221; Costa said.
See Also: <a href="https://www.benzinga.com/markets/market-summary/25/07/46374536/wall-street-today-trump-eu-tariffs-gold-rallies-silver-bitcoin">Tariff Jitters Hit Stocks, Silver Jumps To 14-Year Highs: What&#8217;s Moving Markets Friday?</a>
&#8220;If it looks like a duck and quacks like a duck…&#8221; he says, implying that the market setup clearly imitates classic breakout scenarios seen with precious metals in the past.
Costa cites data from Bloomberg in his post that shows a spike in lease rates, which are now at a little over 6%, relative to its near-zero historic levels, hinting at tightening supply and growing investor demand.
<figure class="wp-block-embed aligncenter 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">Silver lease rates are surging, just like platinum did before its major breakout a few weeks ago. If you ask me: If it looks like a duck and quacks like a duck… <a href="https://t.co/H3l8bPmMNv">pic.twitter.com/H3l8bPmMNv</a>
&mdash; Otavio (Tavi) Costa (@TaviCosta) <a href="https://twitter.com/TaviCosta/status/1944941635659554984?ref_src=twsrc%5Etfw">July 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Last week, economist Peter Schiff made the case for <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46353081/bitcoin-can-easily-crash-buy-silver-instead-peter-schiff-says-silver-should-rise-much-more-downside-seems-limited">buying Silver over Bitcoin</a>, touting the former&#8217;s limited downside risks, and being on the cusp of its &#8220;next big leg up.&#8221;
&#8220;Even if Bitcoin keeps rising for a while, silver should rise much more. And while Bitcoin can easily crash, silver's downside seems very limited,&#8221; Schiff said.
Analysts have been increasingly bullish in recent months, pointing at the <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44994275/gold-now-worth-100x-more-than-silver-analysts-say-its-time-to-buy-the-underdog">gold-to-silver ratio</a> that breached 100:1, meaning that gold became worth 100 times more than silver per ounce. This is seen as a rare signal, that is often followed by an outperformance by Silver.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">ETFs</td>
<td class="has-text-align-center" data-align="center">Year-To-Date</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>)</td>
<td class="has-text-align-center" data-align="center">+28.59%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Global X Silver Miners ETF (ARCA: SIL)</td>
<td class="has-text-align-center" data-align="center">+52.20%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">SPDR Gold Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)</td>
<td class="has-text-align-center" data-align="center">+25.50%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>)</td>
<td class="has-text-align-center" data-align="center">+48.42%</td>
</tr>
</tbody>
</table>
</figure>
Price Action: Over the past month, Silver has outperformed gold, rising 5.65%, compared to a 2% decline in the price of gold. Silver currently trades at $38.31 an ounce in the spot market, up 0.61% on Tuesday. 
<figure class="wp-block-image aligncenter size-large 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="1024" height="193" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15035540/Screenshot-2025-07-15-at-1.25.29-PM-1024x193.png" alt="" class="wp-image-985338" style="width:722px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15035540/Screenshot-2025-07-15-at-1.25.29-PM-1024x193.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15035540/Screenshot-2025-07-15-at-1.25.29-PM-300x57.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15035540/Screenshot-2025-07-15-at-1.25.29-PM-768x145.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15035540/Screenshot-2025-07-15-at-1.25.29-PM.png 1176w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, the iShares Silver Trust has a strong Momentum of 82, with a favorable price trend in the short, medium and long term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the fund and its performance.
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/07/46401147/silver-etfs-just-crashed-golds-party-and-took-the-cake">Silver ETFs Just Crashed Gold&#8217;s Party— And Took The Cake</a></li>
</ul>
Photo courtesy: Shutterstock

Commodities

Market Vectors ETF Trust Market Vectors Gold Miners

Silver Lease Rates Echo Platinum's Pre-Breakout Move, Sparking Bullish Outlook: 'If It Looks Like A Duck And Quacks Like A Duck…'

Deutsche Bank has issued a warning about the potential consequences of President Donald Trump replacing Jerome Powell as the head of the U.S. Federal Reserve.
What Happened: A research note titled &#8220;What if?&#8221; was published by the bank&#8217;s global head of FX research, George Saravelos, over the weekend. The note explores the potential market impact if Trump successfully ousts Powell and appoints someone who shares his views on lower interest rates, <a href="https://fortune.com/2025/07/14/trump-fire-fed-powell-currency-bond-market-collapse-deutsche-bank/">reported</a> Fortune.
Saravelos&#8217;s note suggests that the market reaction to Powell&#8217;s removal could be significant, potentially leading to a collapse in both the currency and bond markets. The note also highlights the possibility of a rise in inflation expectations, a drop in real yields, and an increase in broader risk premia due to institutional erosion.
Saravelos expects the earliest warning sign to be a sharp decline in the U.S. dollar, which has already fallen 9.75% this year. He forecasts an additional 3%–4% drop in the dollar&#8217;s value and a 30–40 basis point sell-off in U.S. fixed income markets within 24 hours of any announcement regarding Powell's removal.
"We believe the market reaction would be large," the note mentioned. It added, &#8220;In extreme cases, both the currency and the bond market can collapse as inflation expectations move higher, real yields drop and broader risk premia increase on the back of institutional erosion."
While many investors don&#8217;t see Powell&#8217;s replacement as a likely scenario, they also don&#8217;t consider it impossible. Bettors on Polymarket, a crypto predictions exchange, currently estimate a 19% chance of Powell&#8217;s removal before his term ends in May.
Trump's public criticism of Powell has been clear in his social media posts and, more recently, in a letter from Russ Vought, the former Office of Management and Budget director, demanding explanations from Powell regarding the renovation of the Federal Reserve's headquarters.
SEE ALSO: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46400968/pudgy-penguins-coin-pengu-leaps-past-dogecoin-shiba-inu-pepe-with-93-weekly-gain" target="_blank" rel="noreferrer noopener">Pudgy Penguins Coin PENGU Leaps Past Dogecoin, Shiba Inu, Pepe With 93% Weekly Gain &#8211; Benzinga</a>
Why It Matters: The Federal Reserve has been under scrutiny from the Trump administration over a controversial renovation project at its Washington headquarters, which has exceeded its original $2.5 billion estimate. 
In response, Powell ordered a review of the project amid growing political backlash and accusations of mismanagement, secrecy, and lack of oversight, according to a <a href="https://www.benzinga.com/news/politics/25/07/46405212/trump-gets-faqd-by-powell-no-champagne-rooms-just-clearing-cancer-dust">detailed FAQ </a>published by the central bank.
Real estate investor and entrepreneur Grant Cardone accused Powell of setting the middle class back a decade and freezing the housing market <a href="https://www.benzinga.com/markets/25/07/46384532/grant-cardone-says-jerome-powell-intentionally-set-middle-class-back-a-decade-and-froze-the-housing">in a social media post</a>. He blamed Powell&#8217;s past comments about raising rates to fight inflation, even if it caused economic pain.
Earlier this month, Powell had indicated that the central bank would have implemented a more lenient monetary policy if not for President Trump&#8217;s tariff strategy <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46213909/jerome-powell-says-trumps-tariffs-deterred-fed-from-easing-monetary-policy-july-decision-to-depend-on-data-wouldnt-take-any-meeting-off-the-table">during a panel discussion</a>.
READ MORE: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46337134/bill-ackman-cheers-money-market-funds-hitting-record-7-4-trillion-as-jerome-powell-snubs-trumps-rate-cut-demands">Bill Ackman Cheers Money Market Funds Hitting Record $7.4 Trillion As Jerome Powell Snubs Trump&#8217;s Rate Cut Demands</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump's Ouster Of Fed Chair Powell Could Trigger 'Collapse' Of Currency And Bond Market, Deutsche Bank Warns

<h3>Companies Reporting Before The Bell</h3>
• Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) is projected to report quarterly earnings at $0.12 per share on revenue of $5.94 billion. 
• State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) is projected to report quarterly earnings at $2.38 per share on revenue of $3.35 billion. 
• Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) is expected to report quarterly earnings at $1.62 per share on revenue of $20.89 billion. 
• BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) is estimated to report quarterly earnings at $10.67 per share on revenue of $5.41 billion. 
• Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) is likely to report quarterly earnings at $1.41 per share on revenue of $20.74 billion. 
• JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) is projected to report quarterly earnings at $4.49 per share on revenue of $43.91 billion. 
• Bank of New York Mellon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) is likely to report quarterly earnings at $1.74 per share on revenue of $4.83 billion. 
• AngioDynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) is estimated to report quarterly loss at $0.12 per share on revenue of $74.37 million. 
• Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) is estimated to report quarterly earnings at $0.52 per share on revenue of $24.70 billion. 
<h3>Companies Reporting After The Bell</h3>
• JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) is estimated to report quarterly earnings at $1.33 per share on revenue of $2.93 billion. 
• Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) is likely to report quarterly earnings at $1.90 per share on revenue of $494.93 million. 
• Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) is likely to report quarterly earnings at $2.02 per share on revenue of $3.96 billion. 
• Kestra Medical Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KMTS#NASDAQ">KMTS</a>) is projected to report quarterly loss at $0.53 per share on revenue of $15.69 million. 
• Hancock Whitney (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWC#NASDAQ">HWC</a>) is estimated to report quarterly earnings at $1.35 per share on revenue of $374.15 million. 
• Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $321.86 million. 
• Castellum (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CTM#AMEX">CTM</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $13.45 million. 
• Calamos Glb Total (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGO#NASDAQ">CGO</a>) is estimated to report earnings for its third quarter. 
• Park Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKE#NYSE">PKE</a>) is likely to report earnings for its first quarter. 
• Rocky Mountain Chocolate (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMCF#NASDAQ">RMCF</a>) is projected to report earnings for its first quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

ANGO

ERIC

FULT

JBHT

KMTS

PNFP

RMCF

Earnings Scheduled For July 15, 2025

Elon Musk's commercial space exploration company, SpaceX, has shared a listing for an AI engineer role at the company amid an artificial intelligence push.
What Happened: Influencer Sawyer Merritt took to social media platform X on Monday to share the listing by SpaceX. The listing showcases a role titled "AI Software Engineer, Vehicle Engineering" at SpaceX in California.
"Our team is creating AI systems to accelerate software development and testing, avionics design, flight data review, logistics, and mission operations," the listing states.
The listing also outlines that candidates would need to work closely with engineers "to design and test space hardware and propulsion systems."
<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">SpaceX has posted a new job: AI Software Engineer &quot;Be a founding member of the Artificial Intelligence Software Engineering team, focusing on solving complex data problems for our launch vehicles and spacecraft.&quot; <a href="https://t.co/vcCHiXy2HZ">pic.twitter.com/vcCHiXy2HZ</a>
&mdash; Sawyer Merritt (@SawyerMerritt) <a href="https://twitter.com/SawyerMerritt/status/1944832019441009078?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The news comes as SpaceX <a href="https://www.benzinga.com/markets/large-cap/25/07/46385300/tesla-xai-and-spacex-merger-chamath-palihapitiya-floats-industrial-logic-for-union-of-elon-musk-led-companies-this-would-be-pretty-logical">plans to invest over $2 billion</a> in Musk's artificial intelligence company xAI, which experts like Social Capital's investor Chamath Palihapitiya called "pretty logical."
xAI's artificial intelligence model, Grok, is also <a href="https://www.benzinga.com/markets/tech/25/07/46386564/will-your-tesla-car-support-grok-only-these-vehicles-will-be-able-to-run-elon-musk-led-xais-latest-ai-model">being offered</a> on all Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) vehicles with an Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) Ryzen chip on board.
Elsewhere, xAI, among other tech companies, was awarded with defense contracts by the Pentagon worth over $200M. xAI also introduced <a href="https://www.benzinga.com/markets/tech/25/07/46407767/elon-musks-xai-launches-grok-for-government-after-winning-200-million-pentagon-contract">Grok for Government</a>.
Check out more of Benzinga'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/tech/25/07/46407991/elon-musks-tesla-to-sell-model-y-from-70000-in-india-launches-first-showroom-in-mumbai">Elon Musk&#8217;s Tesla To Sell Model Y From $70,000 In India, Launches First Showroom In Mumbai</a></li>
</ul>
Photo courtesy: Shutterstock

SPACE

TSLA

Elon Musk's SpaceX Seeks AI Engineer To Power Next-Gen Space Missions

Former Founders Fund general partner Brian Singerman and Quiet Capital co-founder Lee Linden are reportedly raising over $500 million for GPx, a new venture capital fund that combines traditional investing with fund-of-funds elements.
What Happened: Peter Thiel, co-founder of Founders Fund, is expected to contribute a portion of GPx&#8217;s capital, the sources <a href="https://techcrunch.com/2025/07/14/brian-singermans-new-fund-has-a-twist-and-peter-thiel-as-a-big-backer/">told</a> TechCrunch.
The fund employs a two-pronged approach: investing approximately 20% of capital into emerging VC funds targeting pre-seed and seed-stage startups, while dedicating the remaining 80% to co-leading Series B rounds in those managers&#8217; most successful portfolio companies.
This hybrid model addresses a critical challenge facing early-stage venture capitalists. Small VCs often struggle to exercise pro-rata rights in later funding rounds due to limited fund sizes, forcing them to scramble for special purpose vehicles that can delay investment decisions, according to the TechCrunch report. 
GPx&#8217;s capital backing allows emerging funds to maintain ownership percentages and lead later-stage rounds without time-consuming fundraising processes, according to the report.
The strategy reflects broader venture capital consolidation trends. As capital concentrates in larger funds, top investors are leaving established firms to launch specialized, nimble operations.
GPx is betting these emerging managers will identify strong early-stage companies, creating co-investment opportunities in breakout portfolio companies.
Founders Fund and Quiet Capital did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46407517/nvidia-resumes-h20-shipments-to-china-as-jensen-huang-meets-trump-beijing-officials-fully-compliant-rtx-pro-aims-to-bridge-ai-cold-war">Nvidia Resumes H20 Shipments To China As Jensen Huang Meets Trump, Beijing Officials — &#8216;Fully Compliant&#8217; RTX PRO Aims To Bridge AI Cold War</a>
Why It Matters: While fund-of-funds capital hit a 16-year low in 2024, according to PitchBook data, Singerman and Linden believe their personal networks and partial fund-of-funds approach will attract limited partners despite the dual fee structure typical of such models.
Thiel&#8217;s influence network spans multiple <a href="https://www.benzinga.com/markets/tech/25/07/46339592/peter-thiel-red-pilled-elon-musk-mark-zuckerberg-and-silicon-valleys-elite-at-critical-turning-points-says-researcher-tracking-founders-funds-influence">tech powerhouses through Founders Fund&#8217;s portfolio</a>, including stakes in SpaceX, Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Stripe. His early investments generated exceptional returns, with 2007, 2010, and 2011 funds achieving gross multiples of 26.5x, 15.2x, and 15x, respectively.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46407227/palantir-the-trade-desk-tilray-sonnet-biotherapeutics-and-tesla-why-these-5-stocks-are-on-investors-radars-today" target="_blank" rel="noreferrer noopener">Palantir, The Trade Desk, Tilray, Sonnet Biotherapeutics, And Tesla: Why These 5 Stocks Are On Investors' Radars Today</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

Equities

PLTR

Peter Thiel-Linked GPx Targets $500 Million To Reinvent VC With Fund-Of-Funds Twist, Backing Early-Stage Stars Into Series B: Report

United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) will release earnings results for the second quarter, before the <a href="https://www.benzinga.com/quote/UAL/earnings">opening bell on Wednesday, July 16.</a>
Analysts expect the Chicago, Illinois-based company to report quarterly earnings at $3.88 per share, down from $4.14 per share in the year-ago period. United Airlines projects to report quarterly revenue of $15.33 billion, compared to $14.99 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On May 29, JetBlue (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) and United Airlines unveiled a wide-ranging partnership on Thursday to expand customer benefits, loyalty rewards, and travel options across both airlines' networks.
United Airlines shares gained 1.4% to close at $88.94 on Monday.
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/UAL/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>UBS analyst Thomas Wadewitz maintained a Buy rating and cut the price target from $105 to $103 on July 7, 2025. This analyst has an accuracy rate of 72%.</li>
<li>TD Cowen analyst Tom Fitzgerald maintained a Buy rating and raised the price target from $73 to $88 on April 22, 2025. This analyst has an accuracy rate of 68%.</li>
<li>Susquehanna analyst Christopher Stathoulopoulos maintained a Positive rating and cut the price target from $90 to $81 on April 17, 2025. This analyst has an accuracy rate of 78%.</li>
<li>Barclays analyst Brandon Oglenski maintained an Overweight rating and cut the price target from $140 to $94 on April 8, 2025. This analyst has an accuracy rate of 62%.</li>
<li>Raymond James analyst Savanthi Syth downgraded the stock from Outperform to Market Perform on April 2, 2025. This analyst has an accuracy rate of 68%</li>
</ul>
Considering buying UAL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="559" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15040213/image-162-1024x559.png" alt="" class="wp-image-985349" style="width:685px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15040213/image-162-1024x559.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15040213/image-162-300x164.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15040213/image-162-768x419.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15040213/image-162.png 1183w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/markets/equities/25/07/46408189/jpmorgan-wells-fargo-and-3-stocks-to-watch-heading-into-tuesday">JPMorgan, Wells Fargo And 3 Stocks To Watch Heading Into Tuesday</a></li>
</ul>
Photo via Shutterstock

Price Target

JBLU

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

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is reportedly considering a major shift in its artificial intelligence (AI) strategy, including the potential abandonment of its open-source AI model, Behemoth.
What Happened: The newly formed Superintelligence Lab at Meta, led by 28-year-old Alexandr Wang, the company&#8217;s new Chief AI Officer, is contemplating a shift from the open-source Behemoth model to a closed model, <a href="https://www.nytimes.com/2025/07/14/technology/meta-superintelligence-lab-ai.html">reported</a> The New York Times. The lab&#8217;s discussions are in the early stages, and decisions are yet to be made. However, any changes would require approval from Meta&#8217;s CEO, Mark Zuckerberg, the report said.
Check out the current price of&nbsp;<a href="https://benzinga.com/quote/META" target="_blank" rel="noreferrer noopener">META stock here</a>.
Meta&#8217;s open-source AI models have been a cornerstone of its AI strategy, with the company arguing that open-sourcing the technology would accelerate AI development and make it more accessible to developers. Moving to a closed A.I. model would represent a major philosophical shift for the company.
The potential shift comes after Meta faced challenges with the Behemoth model&#8217;s internal performance, leading to a delay in its release. Despite these challenges, Meta may continue supporting its open-source AI models while ultimately prioritizing a closed system.
Wang recently hosted a Q&amp;A with Meta's AI staff, where he stated that although his team's work would remain private, the entire AI division would now be dedicated to building superintelligence. However, he did not clarify whether the A.I. models would be open or closed.
Meta did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment.
SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/07/46400968/pudgy-penguins-coin-pengu-leaps-past-dogecoin-shiba-inu-pepe-with-93-weekly-gain" target="_blank" rel="noreferrer noopener">Pudgy Penguins Coin PENGU Leaps Past Dogecoin, Shiba Inu, Pepe With 93% Weekly Gain &#8211; Benzinga</a>
Why It Matters: This news comes on the heels of Meta&#8217;s aggressive push towards AI development. In a recent&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/07/46400815/meta-commits-hundreds-of-billions-to-build-massive-ai-clusters-in-race-for-superintelligence">announcement</a>, Zuckerberg confirmed that the company would invest hundreds of billions to build massive AI clusters in pursuit of superintelligence.
Earlier, Meta had embarked on a massive recruitment drive, offering multimillion-dollar packages to assemble an elite AI team for its superintelligence labs. The company even&nbsp;<a href="https://www.benzinga.com/markets/tech/25/07/46382291/mark-zuckerberg-poaches-sam-altmans-talent-with-multimillion-dollar-offers-to-build-metas-ai-team">poached</a>&nbsp;talent from other tech giants like OpenAI and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with remuneration packages that outstripped those of Fortune 500 CEOs and professional sports stars.
Furthermore, Meta expanded its AI talent pool by&nbsp;<a href="https://www.benzinga.com/markets/tech/25/07/46385278/mark-zuckerbergs-meta-expands-ai-talent-with-playai-acquisition-report">acquiring</a>&nbsp;PlayAI, an AI startup focused on natural-sounding voice technology. The entire PlayAI team joined Meta, further bolstering its AI capabilities.
With these moves, Meta strives to remain competitive in the AI race against rivals such as Google (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>), OpenAI, and Anthropic. The company&#8217;s&nbsp;ultimate goal is to create&nbsp;a &#8220;superintelligent&#8221; AI, which would hypothetically surpass human cognitive abilities.
READ MORE: 
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46391634/mark-zuckerberg-expected-to-appear-as-star-witness-in-8-billion-trial-over-alleged-privacy-violations">Mark Zuckerberg Expected To Appear As Star Witness In $8 Billion Trial Over Alleged Privacy Violations</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

Meta's Superintelligence Lab May Kill Open-Source AI In Bold Strategy Shake-Up: Report

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is likely to experience an upswing in its growth estimates as the U.S. has <a href="https://www.benzinga.com/markets/tech/25/07/46407517/nvidia-resumes-h20-shipments-to-china-as-jensen-huang-meets-trump-beijing-officials-fully-compliant-rtx-pro-aims-to-bridge-ai-cold-war">lifted chip export curbs</a> to China, bringing the Wall Street estimates about 10% higher, says this expert.
Check out the current price of <a href="ttps://www.benzinga.com/quote/nvda">NVDA stock here</a>. 
What Happened: According to Gene Munster, the managing partner at Deepwater Asset Management, the developments on chip exports to China should add back about 10% to Street estimates.
However, he believes that some analysts may have already factored in the return of the H20 chips before the company&#8217;s announcement. &#8220;That means that Street estimates should rise by about 10% on the news.,&#8221; he said, adding that &#8220;Either way you look at it. Great news for $NVDA.&#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">What does Nvidia resuming H20 to China mean to numbers. In theory that should add back about 15% to Street estimates. Last quarter the company outlined that impact. In reality a handful of the 40 analysts have already factored in the return of the H20 before tonight's…
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1944947942613295497?ref_src=twsrc%5Etfw">July 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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This comes as the tech giant led by Jensen Huang took a hit in their first quarter after it faced an export ban on H20 products to China on April 9.
The company said it incurred a <a href="https://www.benzinga.com/news/earnings/25/05/45657660/nvidia-q1-highlights-china-export-ban-hits-results-but-jensen-huang-says-demand-incredibly-strong">$4.5 billion charge in the first quarter</a> related to H20 excess inventory and purchase obligations. H20 product sales were $4.6 billion for the first quarter before the new export licensing requirements. 
Meanwhile, the chipmaker also said that its second-quarter revenue guidance of $45.0 billion, +/- 2%, included the loss of $8.0 billion in H20 revenue due to the export controls.
However, Munster added in a following X post that this development of U.S. lifting supply restrictions on China will also uplift the company&#8217;s future earnings. He said the company&#8217;s 2026 growth estimates could rise from the current 25% to 30-35% growth.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This should take the Streets current 25% CY26 estimates to 30-35% growth. <a href="https://t.co/34PbGLZITz">https://t.co/34PbGLZITz</a>
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1944950197114613985?ref_src=twsrc%5Etfw">July 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46408209/jim-cramer-says-nvidia-getting-trump-approval-for-h20-sales-to-china-is-so-huge-could-turn-the-n">Jim Cramer Says Nvidia Getting Trump Approval For H20 Sales To China Is &#8216;So Huge, Could Turn The Nasdaq Futures Around&#8217;</a>
Why It Matters: According to a company statement, Nvidia announced it will <a href="https://www.benzinga.com/markets/tech/25/07/46407517/nvidia-resumes-h20-shipments-to-china-as-jensen-huang-meets-trump-beijing-officials-fully-compliant-rtx-pro-aims-to-bridge-ai-cold-war">resume sales of its H20 GPU</a> to China and unveiled a new RTX PRO graphics processor designed specifically for Chinese customers. 
This followed Huang&#8217;s lobbying, including a meeting last week with U.S. President Donald Trump, where Huang reiterated Nvidia's commitment to American job creation and AI leadership.
The new RTX PRO GPU was launched for sale in China to maintain market share while navigating heightened trade restrictions. However, the new development uplifts restrictions from H20 chips as well. The RTX PRO chip is "ideal for digital twin AI for smart factories and logistics," Huang announced.
Price Action: Nvidia shares were up 3.62% overnight on Robinhood, as of the publication of this article. It ended 0.52% lower at $164.07 apiece on Monday. The stock has advanced 18.62% on a year-to-date basis and 27.74% over a year.
Benzinga Edge Stock Rankings shows that NVDA had a stronger price trend over the short, medium, and long term. Its momentum ranking was solid, whereas its value ranking was poor; the details of all the metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~: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-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="158" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15023449/NVDA-EDGE-NEW-1-1024x158.png" alt="" class="wp-image-985167" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15023449/NVDA-EDGE-NEW-1-1024x158.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15023449/NVDA-EDGE-NEW-1-300x46.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15023449/NVDA-EDGE-NEW-1-768x119.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15023449/NVDA-EDGE-NEW-1.png 1270w" 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, rose on Monday. The SPY was up 0.19% at $624.81, while the QQQ advanced 0.36% to $556.21, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Tuesday, the futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices were trading higher.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/07/46386197/jpmorgan-stock-shows-mixed-signals-ahead-of-q2-results-even-as-ceo-jamie-dimon-warns-of-complacent-markets-ignoring-impact-of-trump-tariffs-on-interest-rates" target="_blank" rel="noreferrer noopener">JPMorgan Stock Shows Mixed Signals Ahead Of Q2 Results Even As CEO Jamie Dimon Warns Of ‘Complacent' Markets Ignoring Impact Of Trump Tariffs On Interest Rates</a></li>
</ul>
Photo courtesy: Shutterstock

NVDA

Nvidia Growth Estimates Get 10% Boost As US Lifts China Chip Export Curbs: Gene Munster Predicts 30-35% Growth For 2026

Just days after Elon Musk's AI chatbot Grok made some <a href="https://www.benzinga.com/markets/tech/25/07/46347324/musk-says-grok-coming-to-teslas-by-next-week-evs-getting-the-smartest-ai-in-the-world">antisemitic comments</a>, the official X, formerly Twitter, account of Elmo was hacked and flooded with anti-Donald Trump content.
What Happened: On Sunday, The X account of the Sesame Street muppet, which has over 600,000 followers, posted hateful messages.
The posts called for violence against Jews and falsely claimed that Trump is "a puppet" of Israeli Prime Minister Benjamin Netanyahu and "is in the Epstein files," according to screenshots shared online, <a href="https://www.washingtonpost.com/technology/2025/07/14/elmo-x-hacked-antisemitic-posts/">reported</a> the Washington Post.
The posts have since been deleted.
See Also:&nbsp;<a href="https://benzinga.com/markets/macro-economic-events/25/07/46361695/jamie-dimon-warns-market-may-be-underestimating-rate-hike-risks-flags-investor-comp" target="_blank" rel="noreferrer noopener">Jamie Dimon Warns Market May Be Underestimating Rate Hike Risks, Flags Investor Complacency Amid Trump Tariffs: ‘Cause Of Concern&#8217;</a>
The Sesame Workshop confirmed the breach in a statement to the publication, saying, "Elmo's X account was compromised by an unknown hacker who posted disgusting messages, including antisemitic and racist posts," a spokesperson said.&nbsp;
"We are working to restore full control of the account," they added.
X and Sesame Workshop did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: The hack follows Grok's latest outburst, which xAI said was due to a flawed code update. "First off, we deeply apologize for the horrific behavior that many experienced," the platform posted while apologizing on Friday.
<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">Update on where has <a href="https://twitter.com/grok?ref_src=twsrc%5Etfw">@grok</a> been &amp; what happened on July 8th. First off, we deeply apologize for the horrific behavior that many experienced. Our intent for <a href="https://twitter.com/grok?ref_src=twsrc%5Etfw">@grok</a> is to provide helpful and truthful responses to users. After careful investigation, we discovered the root cause…
&mdash; Grok (@grok) <a href="https://twitter.com/grok/status/1943916977481036128?ref_src=twsrc%5Etfw">July 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Meanwhile, the U.S. Department of Defense has <a href="https://www.benzinga.com/markets/tech/25/07/46407317/elizabeth-warren-rips-pentagon-deal-with-elon-musks-xai-days-after-company-apologized-for-groks-horrific-behavior-what-could-possibly-go-wrong">awarded contracts worth</a> up to $200 million each to Elon Musk's xAI, OpenAI, Google and Anthropic to expand AI capabilities for national security.
However, this development has been criticized by Sen. Elizabeth Warren (D-Mass.), who cited the latest Grok debacle as a big concern.
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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</ul>
Photo Courtesy: VIAVAL TOURS on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

Elmo's X Account Gets Hacked, Sesame Street Muppet's Account Spews Antisemitic And Anti-Trump Posts

In an unedited version of a Fox News interview from 2024, President Donald Trump appeared hesitant when asked whether he would fully release the Epstein files.
What Happened:&nbsp;In a June 2024 Fox News interview at &#8220;Fox &amp; Friends Weekend&#8221;, Trump showed less enthusiasm for releasing Epstein files than for declassifying documents tied to the deaths of John F. Kennedy and Martin Luther King Jr.,&nbsp;according to <a href="https://www.forbes.com/sites/saradorn/2025/07/14/trump-sounded-hesitant-about-releasing-epstein-files-in-newly-resurfaced-interview/">a</a> Forbes report.
Trump voiced concerns about the potential impact on people&#8217;s lives if the files contained &#8220;phony stuff.&#8221; However, he did indicate a willingness to disclose more details about Epstein's death, calling it a "weird situation." The full response was omitted from the edited Fox News interview and only aired in <a href="https://www.youtube.com/watch?v=HVKRNcQUbRY&amp;t=2s">full</a> on Will Cain's Fox News radio show later.
When asked about declassifying the Epstein Files by the interviewer, Rachel Campos-Duffy, Trump&#8217;s full response was: &#8220;Yeah. Yeah, I would.&#8221; Trump then went on to add, &#8220;I guess I would. I think that less so because you don't want to affect people's lives if it's phony stuff in there, because it's a lot of phony stuff with that whole world. But I think I would, or at least-&#8220;
The version aired by Fox included only the "Yeah, yeah, I would" portion, omitting the rest of Trump's statement.
Fox News and the White House did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment.
<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="Trump: &#039;My revenge will be success&#039;" width="500" height="281" src="https://www.youtube.com/embed/I12BrDyu1n0?start=301&#038;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>
 The edited clip has been widely circulated on social media, including Trump&#8217;s official campaign account, Trump War Room on X, leading to increased backlash from Trump&#8217;s base over the Justice Department&#8217;s&nbsp;call to withhold the release of any&nbsp;additional Epstein-related documents, despite previous suggestions of more revelations by top law enforcement officials.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/equities/25/07/46407403/brazil-potash-soars-86-after-hours-after-signing-200-million-deal-with-fictor-energia" target="_blank" rel="noreferrer noopener">Brazil Potash Soars 86% After Hours After Signing $200 Million Deal With Fictor Energia</a>
Why It Matters: The recent disclosure adds a new layer to the ongoing controversy surrounding the Epstein case. It contradicts the demands of some of Trump&#8217;s supporters, who have been calling for complete transparency in the Epstein investigation.
This revelation also comes in the wake of former New Jersey Governor&nbsp;Chris Christie&#8216;s statement that it was the White House, not Attorney General&nbsp;Pam Bondi, who&nbsp;halted the <a href="https://www.benzinga.com/news/politics/25/07/46385035/chris-christie-says-trump-not-pam-bondi-pulled-the-plug-on-epstein-memo-when-you-start-the-fire-sometimes-you-cant-put-it-out">public release</a>&nbsp;of a Justice Department review discrediting popular conspiracy theories about Epstein&#8217;s death and any supposed &#8220;client list.&#8221;
Trump&#8217;s reluctance to release the Epstein files also follows his recent&nbsp;<a href="https://www.benzinga.com/news/politics/25/07/46383724/trump-stands-by-attorney-general-amid-jeffrey-epstein-controversy-let-pam-bondi-do-her-job-shes-great">public support</a> for Attorney General Pam Bondi, who has been at the center of the controversy. Trump&#8217;s stance on this issue could have significant implications for his relationship with his base and the ongoing debate surrounding the Epstein case.
READ MORE: 
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<li><a href="https://www.benzinga.com/news/politics/25/07/46382335/tucker-carlson-claims-jeffrey-epstein-was-an-israeli-agent-blackmailing-us-politicians">Tucker Carlson Claims Jeffrey Epstein Was an Israeli Agent Blackmailing US Politicians</a></li>
</ul>
Photo courtesy: Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Politics

Trump's Remarks On Hesitation To Release Epstein Files Were Omitted From Initial 2024 Fox Interview: 'You Don't Want To Affect People's Lives If It's Phony Stuff In There'

Cryptocurrency behemoth Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) hit a market capitalization of $100 billion Monday in the wake of Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) record-breaking surge.
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/COIN">COIN stock</a> here.
What Happened: Coinbase reached the historic milestone a little more than four years after going public. The company&#8217;s shares also closed at a record high of around $394.
With this, Coinbase becomes the first pure-play cryptocurrency company to hit the magic figure. Note that Michael Saylor&#8217;s Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), which primarily focuses on the Bitcoin treasury play, also <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45257429/michael-saylor-calls-bitcoin-the-corporate-survival-strategy-for-96-of-companies">operates an enterprise analytics software business</a>.
See Also:&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46348748/bitcoins-booming-coinbases-167-rally-says-told-you-so">Bitcoin&#8217;s Booming &#8211; Coinbase&#8217;s 167% Rally Says &#8216;Told You So&#8217;</a>
Why It Matters: This development is significant, given Coinbase&#8217;s journey since its public listing in April 2021. 
In May, Coinbase became the <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45416971/coinbase-becomes-first-pure-play-crypto-stock-in-sp-500-analyst-sees-major-institutional-upside">first pure-play crypto stock</a> in the S&amp;P 500. In the next month, it<a href="https://www.benzinga.com/markets/tech/25/06/46157342/coinbase-stock-is-sp-500s-best-performer-for-june-how-it-got-there"> became the top performer</a> in the benchmark index, with a 43% surge.
Interestingly, market commentator and TV personality Jim Cramer included Coinbase <a href="https://benzinga.com/markets/tech/25/07/46407417/jim-cramer-made-faang-popular-now-he-says-theres-a-new-acronym-to-describe-these-retail-favorite-sto">in the newly floated &#8220;PARC&#8221; category</a> of retail favorite stocks.
The stock&#8217;s rally was turbocharged by Bitcoin, the world&#8217;s largest cryptocurrency, which has been on a <a href="https://www.benzinga.com/markets/25/07/46404410/bitcoin-shatters-all-time-high-to-hit-123-000-as-ethereum-cracks-3-000-and-xrp-taps-3#:~:text=Bitcoin%20Shatters%20All%2DTime%20High,And%20XRP%20Taps%20%243%20%2D%20Benzinga">gravity-defying surge</a> in recent days.
COIN clocked high Momentum and Growth scores as of this writing. Visit <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 compare know how other cryptocurrency-linked stocks perform on these metrics.
<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="447" height="183" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15021552/image-160.png" alt="" class="wp-image-985150" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15021552/image-160.png 447w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15021552/image-160-300x123.png 300w" sizes="(max-width: 447px) 100vw, 447px" /></a></figure>
Photo Courtesy: Rcc_Btn on Shutterstock.com
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<li><a href="https://benzinga.com/news/topics/25/07/46389339/robert-reich-says-the-u-s-government-is-no-longer-able-to-protect-us-from-real-hazards-because-its-sh" target="_blank" rel="noreferrer noopener">Why Coinbase&#8217;s Huge Rally Might Be Done</a></li>
</ul>

COIN

MSTR

'PARC' Stock Coinbase Hits $100 Billion Market Capitalization As Bitcoin Rally Powers Crypto-Linked Equities

Previously, as Rio Tinto's first Chief Commercial Officer, Simon established the Group's Commercial operations, unlocking efficiency and deepening strategic customer relationships. Prior to this he held Managing Director roles across multiple Rio Tinto commodities and geographies.

Management

Rio Tinto Appoints Simon Trott As Chief Executive Officer, Succeeding Jakob Stausholm Effective August 25

Prominent economist Mohamed El-Erian warns that the United States&#8217; recent economic behavior is creating instability, not just at home, but across global markets.
What Happened: In a column published <a href="https://www.foreignaffairs.com/united-states/america-breaking-global-economy-uncertainty-world-mohamed-el-erian#">in</a> the Foreign Affairs magazine on Monday, El-Erian states unequivocally that &#8220;the United States now sometimes resembles a developing nation,&#8221; pointing to the use of abrupt tariffs, soaring deficits, and inconsistent policy execution as signs of dysfunction.
The former CEO of Pimco, El-Erian, believes that the U.S. is drifting from the norms expected of the world&#8217;s economic anchor, raising the risk of financial contagion for the global economy.
See Also: <a href="https://www.benzinga.com/markets/economic-data/25/07/46392923/une-cpi-inflation-preview-tariffs-markets-fed">June Inflation May Be Hiding A Nasty Surprise For Wall Street</a>
El-Erian traces the shift to what he describes as &#8220;unusually high policy volatility&#8221; coming out of Washington. The global economy, already strained by geopolitical shocks and technological disruption, now faces unpredictable shifts in U.S. trade policy, dollar weakness, and concerns about the independence of institutions like the Federal Reserve.
&#8220;Washington has shaken the very foundations of the global order,&#8221; he warns, noting that traditional investment principles, such as the correlations between stocks and bonds, have since become unreliable due to recent U.S. actions.
The dollar's role as the global reserve currency is similarly under pressure amid capital outflows and weakening global confidence, leading El-Erian to lay out two diverging futures for the country.
The first being one where the U.S. uses this period to reset economically, as it did during the Reagan-Thatcher era, and the other where it descends into deeper stagflation and recession, like it did during the 1970s. Both futures, he says, carry massive ramifications for global markets.
As countries scramble to insulate themselves from U.S. shocks, El-Erian argues that agility, capital resilience, and strategic rethinking will be essential. &#8220;Decision-makers must avoid falling into behavioral traps,&#8221; he cautions, warning that denial, delay, or half-measures could worsen the global economic fallout already in motion.
Why It Matters: El-Erian has been warning about the <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45269703/stagflation-emerges-as-key-economic-risk-to-federal-reserve-policy-economists-warn">stagflationary risks</a> to the U.S. economy for the past several months, something that was recently corroborated by the Federal Reserve. 
&#8220;The Federal Reserve left interest rates unchanged and signaled the higher probability of a stagflationary wind,&#8221; El-Erian said in May. 
He&#8217;s also repeatedly warned that President Donald Trump&#8217;s trade and tariff regime could lead the nation towards <a href="https://www.benzinga.com/25/04/44892570/fairer-trade-or-economic-trainwreck-elerian-breaks-down-the-administrations-two-futures">one of two extremes</a>, a &#8220;Thatcher‑Reagan&nbsp;era on steroids,&#8221; or &#8220;Jimmy Carter&#8217;s&nbsp;stagflation all over again.&#8221;
The former involves an &#8220;unleashed private sector that takes advantage of innovations,&#8221; and a &#8220;slimmed down government&#8221; that reduces the deficit, while the latter comes with a period of high inflation and low economic growth, similar to the U.S. experienced during the 1970s.
With the U.S. Dollar having experienced its worst start to the year since 1991, the impact is already <a href="https://www.benzinga.com/news/travel/25/07/46198778/summer-travel-dollar-costs-paris-london-cancun">being seen globally</a>, with the favorite travel destinations of Americans, such as Paris and Cancun, feeling the squeeze.
Price Action: The U.S. Dollar Index (DXY) currently trades at 97.986 against a basket of global currencies, down 0.09% on Tuesday. The currency is down 9.87% since the beginning of this year.
Photo Courtesy: Denis Anikin V on Shutterstock.com
Read More: 
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<li><a href="https://www.benzinga.com/markets/economic-data/25/07/46314576/chamath-palihapitiya-shrugs-off-dollars-11-slide-in-worst-half-century-drop-says-decay-continues-without-total-collapse">Chamath Palihapitiya Shrugs Off Dollar&#8217;s 11% Slide In Worst Half-Century Drop, Says &#8216;Decay Continues&#8217; Without Total Collapse</a></li>
</ul>

Government

Washington Breaking The Global Economy? Economist Mohamed El-Erian Warns The US Now 'Resembles A Developing Nation'

The European Union unveiled a €72 billion ($84.13 billion) countermeasures list targeting U.S. exports, including aircraft, automotive products, and bourbon whiskey, following President Donald Trump&#8216;s threat to impose 30% blanket tariffs on EU goods starting August 1.
What Happened: The European Commission&#8217;s 200-page proposal, seen <a href="https://www.politico.eu/article/eu-to-hit-us-aircraft-cars-and-food-in-latest-retaliatory-strike/">by</a> Politico on Monday, marks the bloc&#8217;s second round of trade countermeasures against escalating U.S. tariff threats. Aircraft and aircraft parts represent the largest category at nearly €11 billion ($12.85 billion), potentially delivering a significant impact to Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>).
Industrial goods comprise €65.7 billion ($76.77 billion) of the targeted exports, while agricultural products account for €6.4 billion. The list includes bourbon whiskey despite intense lobbying from France and Ireland to protect the drinks sector from Trump&#8217;s trade reprisals.
Machinery, automotive products, chemicals, plastics, medical devices, electrical equipment, and industrial goods all fall into multibillion-euro categories. The total represents a reduction from an earlier €95 billion ($111.01 billion) proposal.
The Commission&#8217;s targeting criteria focus on &#8220;rebalancing the playing field&#8221; against U.S. tariffs affecting EU exports, availability of alternative supply sources, and products with high relocation risk, according to the document.
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46408209/jim-cramer-says-nvidia-getting-trump-approval-for-h20-sales-to-china-is-so-huge-could-turn-the-nasdaq-futures-around">Jim Cramer Says Nvidia Getting Trump Approval For H20 Sales To China Is &#8216;So Huge, Could Turn The Nasdaq Futures Around&#8217;</a>
Why It Matters: Trump&#8217;s July 11 letters to Mexican President Claudia Sheinbaum and European Commission President Ursula von der Leyen outlined the 30% tariff regime, citing trade deficits and market access concerns. The EU correspondence criticized &#8220;non-reciprocal&#8221; trade policies <a href="https://www.benzinga.com/markets/equities/25/07/46382047/trump-targets-mexico-eu-with-30-tariffs">contributing to substantial U.S. trade deficits</a>.
Trump offered tariff exemptions to <a href="https://www.benzinga.com/markets/equities/25/07/46382047/trump-targets-mexico-eu-with-30-tariffs">firms relocating production to the United States</a>, promising expedited approval processes. The administration warned that attempts to sidestep tariffs through transshipment or retaliatory measures would trigger additional penalties.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

EU Hits Back With $84 Billion Tariff Threat As Trump Ramps 30% Levy Plan: Boeing, Whiskey And Autos Now Squarely In The Crosshairs

STEP

StepStone Group Taps Goji's Euroclear-Powered Platform To Expand Investor Access To Luxembourg Evergreen Private Market Funds

FLNC

Fluence And VERBUND Partner On German Battery Storage Facilities Totaling 186 MWh To Boost Renewable Integration and Grid Security

TROOPS Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROO#NASDAQ">TROO</a>) saw a significant dip in its stock value during after-hours trading on Monday.
Check out <a href="https://www.benzinga.com/quote/TROO">how TROOPS Inc. stock is performing here</a>.
What Happened: The Hong Kong–based conglomerate ended the trading day at $1.34, marking a notable 104.58% rise from its previous close. However, the after-hours trading session saw the company&#8217;s stock value drop to $1.01, a decrease of 24.63%.
TROOPS Inc. had recently garnered attention for its strategic entry into the Asian co-working market via a two-stage acquisition deal. TROOPS Inc. saw a surge of 104.58% on Jul 14 after the company&#8217;s subsidiary, Giant Connection Limited, expressed its intention to acquire a 49% stake in WORK, Inc., a co-working space operator based in Taiwan. An option for the vendor to sell the remaining 51% to the purchaser in the future.&nbsp;
See Also: <a href="https://benzinga.com/markets/large-cap/25/07/46385300/tesla-xai-and-spacex-merger-chamath-palihapitiya-floats-industrial-logic-for-union-of-elon-musk">Tesla, xAI and SpaceX Merger? Chamath Palihapitiya Floats &#8216;Industrial Logic&#8217; For Union Of Elon Musk-led Companies: &#8216;This Would Be Pretty Logical&#8217;</a>
The consideration for this acquisition will be paid through convertible notes linked to TROOPS shares, priced at 80% of the lower of the pre-signing closing price or the 60-day average. The deal is contingent on due diligence, regulatory approvals, and the purchaser&#8217;s commitment to develop a 7,000 square foot co-working space in Hong Kong and a dedicated mobile application.
The acquisition news triggered an explosive trading session for TROOPS Inc. with volume surging to over 92.1 million shares — surpassing its average daily volume of 1.66 million, making a staggering 5,521% rise in trading volume.
Why It Matters: TROOPS Inc. has been making significant moves in the market. Earlier in July, the company received a <a href="https://www.benzinga.com/news/25/07/46234159/troops-inc-receives-hk-404-8m-judgment-from-hong-kong-court-on-june-23-2025-in-hca-9382022-case-comp">HK$404.8M judgment</a> from a Hong Kong court, and the company is considering a U.S. class action. This recent surge in stock value reflects the market&#8217;s response to the company&#8217;s strategic decisions and its potential for growth in the Asian market.
This move marks TROOPS&#8217; strategic expansion into the Asian co-working market, leveraging WORK, Inc.&#8217;s presence in Taiwan and its planned expansion into Hong Kong.
Price Action: TROO shares closed at $1.34 on Monday, before dipping to $1.01 in the after-hours trading.
Benzinga&#8217;s Edge Stock Rankings indicate TROO has a negative trend across all time frames. Here is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">how the stock fares</a> on other parameters.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="470" height="117" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15020001/Screenshot-2025-07-15-112945.png" alt="" class="wp-image-985140" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15020001/Screenshot-2025-07-15-112945.png 470w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15020001/Screenshot-2025-07-15-112945-300x75.png 300w" sizes="(max-width: 470px) 100vw, 470px" /></a></figure>
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<li><a href="https://benzinga.com/markets/equities/25/07/46407227/palantir-the-trade-desk-tilray-sonnet-biotherapeutics-and-tesla-why-these-5-stocks-are-on-invest">Palantir, The Trade Desk, Tilray, Sonnet Biotherapeutics, And Tesla: Why These 5 Stocks Are On Investors&#8217; Radars Today</a></li>
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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: LookerStudio on Shutterstock.com

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TROO

Troops Inc Dips In After Hours Trading After Shooting Up 104% In Monday's Explosive Session

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Jade Biosciences Presents JADE101 Preclinical Data at the 62nd European Renal Association Congress Demonstrating Potential for Best-in-Class Profile in IgA Nephropathy

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