nLight (NASDAQ:LASR) Bolsa

NLIGHT INC

nLight

nLight Inc is a United States-based company provider of power semiconductor and fiber lasers for aerospace and defense, industrial, and microfabrication applications. It designs, manufactures, and sells a range of power semiconductor lasers and fiber lasers that are typically integrated into laser systems. It operates in two segments: Laser Products, which includes semiconductor lasers, fiber lasers, and directed energy products; and Development segment includes revenue earned from research and development contracts. The majority of its revenue is generated from the Laser segment. The company's geographical segments include North America, Asia Pacific, and EMEA.

nLight Inc

Needham analyst Mike Matson reiterates Medtronic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) from Hold to Hold.

News

Reiteration

Analyst Ratings

Needham Reiterates Hold on Medtronicto Hold

Concerns are rising among economists over the accuracy of U.S. inflation figures, as federal <a href="https://www.benzinga.com/personal-finance/25/04/44843975/they-dont-give-a-damn-about-you-bernie-sanders-says-if-musk-is-firing-federal-workers-with-a-chainsaw-what-happens-when-ai-comes-for-your-job">staffing limitations</a> begin to disrupt the monthly monitoring of consumer prices. With gaps emerging in data coverage, experts warn that cost-of-living estimates could become increasingly unstable.
What Happened: The Labor Department has acknowledged that its team responsible for tracking monthly changes in consumer prices has shrunk, resulting in the suspension of in-person pricing surveys in several cities, including Buffalo, Provo, and Lincoln, according to a report <a href="https://www.npr.org/2025/06/05/nx-s1-5424367/inflation-data-cpi-government-job-shortages">by</a> NPR. 
This slowdown in field work comes as federal agencies operate under a prolonged freeze in workforce expansion initiated by President Donald Trump's administration. Since January, the number of federal employees has dropped by more than 26,000, according to official estimates.
In response to reduced manpower, the Bureau of Labor Statistics has resorted to estimating prices in more cases than usual, using proxy data for goods and services where direct observations are unavailable.
See Also: <a href="https://www.benzinga.com/markets/market-summary/25/06/45809203/investors-pay-the-price-as-musk-trump-war-of-words-escalates-once-allies-now-foes-their-linked-stocks-crypto-and-funds-wipe-out-155-billion-in-a-single-day">Investors Pay The Price As Musk-Trump War Of Words Escalates: Once Allies, Now Foes, Their Linked Stocks, Crypto And Funds Wipe Out $155 Billion In A Single Day</a>
Why It Matters: The Consumer Price Index, which is derived from this research, is a key benchmark used to set interest rates, <a href="https://www.benzinga.com/personal-finance/25/05/45611852/social-security-set-to-make-history-by-crossing-2000-barrier-for-first-time-but-seniors-still-losing-ground-to-inflation">determine Social Security adjustments</a>, and guide household and business financial decisions. A less robust survey process, analysts say, could distort the true picture of inflation and mislead policymakers.
"This is the worst possible time to make staffing cuts to the CPI of all data sources," economist Ernie Tedeschi posted on social media, cautioning that both over- and underestimates of inflation carry serious consequences.
"The federal government hiring freeze and the drive to cut funding across federal agencies may be starting to impact the quality of economic data," warned Omair Sharif of Inflation Insights. He noted that statistical models now have to compensate for missing observations by extrapolating from similar goods.
&nbsp;"It's not a stretch to say that they affect the lives of everyday folks," Sharif added.
This news comes in the heels of a report from American consumers from the University of Michigan indicating that <a href="https://www.benzinga.com/markets/economic-data/25/05/45697983/consumer-sentiment-stuck-at-3-year-lows-as-inflation-fears-hit-44-year-high">American consumers remained deeply pessimistic in May 2025</a>, with confidence stuck at a three-year low and near-term inflation fears climbing to levels not seen since 1981. Another report from Yale University's Budget Lab shows that Trump's tariffs have led to a <a href="https://www.benzinga.com/news/politics/25/06/45787531/trumps-tariffs-hit-poorer-households-the-hardest-yales-budget-lab-finds-2-5-drop-in-disposable-income-for-bottom-decile">2.5 drop in disposable income</a> for the poorest households in the country.
Wall Street <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45353863/new-inflation-data-hits-tuesday-why-it-could-kill-fed-rate-cut-hopes">economists largely agree</a> that annual headline inflation will stay above 2.4%, keeping it above the Fed's 2% threshold for rate cuts—a trend many link to the tariff-driven spike in April.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45809443/larry-summers-identifies-3-key-reasons-for-rising-us-debt-but-doesnt-think-trumps-big-beautiful-bill-is-the-medicine-the-country-needs">Larry Summers Identifies 3 Key Reasons For Rising US Debt, But Doesn&#8217;t Think Trump&#8217;s &#8216;Big Beautiful Bill&#8217; Is The Medicine The Country Needs</a></li>
</ul>
Photo courtesy: Shutterstock

Politics

Inflation Data Collection Suffers Blow As Labor Department Suspends Price Tracking In Key Cities, Citing Worker Shortfalls

Shares of Rent the Runway, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) rose sharply in today's pre-market trading after the company posted better-than-<a href="https://www.benzinga.com/quote/RENT/earnings">expected quarterly results</a>.
Rent the Runway reported quarterly losses of 6.58 per share which beat the analyst consensus estimate of $8.35 per share. The company reported quarterly sales of $69.60 million which beat the analyst consensus estimate of $68.70 million.
Rent the Runway shares jumped 16.8% to $7.87 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>Bluejay Diagnostics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJDX#NASDAQ">BJDX</a>) shares jumped 71.7% to $2.61 in pre-market trading after dipping 15% on Thursday.</li>
<li>Eyenovia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYEN#NASDAQ">EYEN</a>) surged 37.9% to $4.33 in pre-market trading after jumping 50% on Thursday.</li>
<li>The Generation Essentials Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGE#NYSE">TGE</a>) jumped 31.4% to $13.21 in pre-market trading. The Generation Essentials Group recently announced it completed its busines comibination agreement through the acquisition of Black Spade.</li>
<li>Cambium Networks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMBM#NASDAQ">CMBM</a>) climbed 25% to $0.4020 in pre-market trading.</li>
<li>Helius Medical Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSDT#NASDAQ">HSDT</a>) surged 20.2% to $1.37 in pre-market trading after dipping 65% on Thursday. Helius Medical Technologies announced a $9.1 million public offering.</li>
<li>OFA Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFAL#NASDAQ">OFAL</a>) rose 18.5% to $3.28 in pre-market trading. OFA Group announced exercise and closing of underwriter&#8217;s full over-allotment option in connection with initial public offering.</li>
<li>Circle Internet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) gained 15.2% to $95.47 in pre-market trading after gaining 168% on Thursday.</li>
<li>Distoken Acquisition Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIST#NASDAQ">DIST</a>) rose 8.5% to $13.02 in pre-market trading.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose 5% to $298.86 in pre-market trading after indications of a possible reconciliation between CEO Elon Musk and President Donald Trump. On Thursday, Tesla's market cap plummeted by a record $152 billion, marking the company's largest market cap loss in history. This decline was attributed to an intensified conflict between Musk and Trump over the latter's "Big Beautiful Bill."</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>Vera Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERA#NASDAQ">VERA</a>) shares dipped 34.7% to $20.00 in pre-market trading after falling 4% on Thursday.</li>
<li>lululemon athletica inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) shares fell 20.9% to $261.60 in pre-market trading after the company cut its FY25 GAAP EPS guidance below estimates.</li>
<li>DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) fell 19.2% to $75.10 in pre-market trading. DocuSign posted better-than-expected first-quarter results and announced a $1 billion increase to its share purchase program. Docusign said it sees second-quarter revenue in a range of $777 million to $781 million, versus the $774.75 million estimate. The company raised its fiscal 2026 revenue outlook to a range of $3.15 billion to $3.16 billion, versus the $3.14 billion estimate.</li>
<li>ZJK Industrial Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZJK#NASDAQ">ZJK</a>) fell 17.2% to $4.47 in pre-market trading after gaining 12% on Thursday.</li>
<li>Brag House Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBH#NASDAQ">TBH</a>) fell 16.7% to $0.7500 in pre-market trading after the company announced it is working to file its delayed Q1 10-Q report.</li>
<li>Senmiao Technology Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIHS#NASDAQ">AIHS</a>) shares fell 15.8% to $1.01 in pre-market trading after surging 28% on Thursday.</li>
<li>PepGen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEPG#NASDAQ">PEPG</a>) declined 15.5% to $1.20 in pre-market trading after falling 6% on Thursday.</li>
<li>Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) fell 13.5% to $40.90 in today's pre-market trading following first-quarter results.</li>
<li>ServiceTitan, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTAN#NASDAQ">TTAN</a>) dipped 10.8% to $102.11 in pre-market trading after rge company posted quarterly results.</li>
<li>iPower Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NASDAQ">IPW</a>) shares tumbled 10.2% to $0.4850 in pre-market trading after gaining 10% on Thursday.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45790405/top-2-defensive-stocks-that-are-ticking-portfolio-bombs">Top 2 Defensive Stocks That Are Ticking Portfolio Bombs</a> </li>
</ul>
Photo via Shutterstock

AIHS

BJDX

CMBM

CRCL

DIST

DOCU

EYEN

HSDT

LULU

OFAL

PEPG

RENT

TSLA

TTAN

VERA

Why Rent the Runway Shares Are Trading Higher By Around 17%; Here Are 20 Stocks Moving Premarket

Ascendiant Capital analyst Edward Woo maintains Outlook Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTLK#NASDAQ">OTLK</a>) with a Buy and lowers the price target from $24 to $21.

Price Target

OTLK

Ascendiant Capital Maintains Buy on Outlook Therapeutics, Lowers Price Target to $21

Ascendiant Capital analyst Edward Woo maintains Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) with a Buy and raises the price target from $12 to $12.5.

PHUN

Ascendiant Capital Maintains Buy on Phunware, Raises Price Target to $12.5

Defense tech firm Anduril Industries has landed $2.5 billion in fresh capital, catapulting its valuation to $30.5 billion and marking a defining moment in its rapid rise within the national security sector.
What Happened: Executive Chairman Trae Stephens <a href="https://www.bloomberg.com/news/articles/2025-06-05/defense-startup-anduril-cllinches-funding-at-30-5-billion-valuation">announced</a> the funding milestone during an appearance on Bloomberg Television, revealing that Founders Fund, backed by billionaire Peter Thiel, led the round with a record $1 billion commitment, its largest investment to date. The firm's valuation has more than doubled since last year's $14 billion mark.
Anduril, headquartered in Southern California, designs next-generation defense technologies, from autonomous drones and battlefield software to advanced military wearables like AI-powered helmets and augmented reality goggles.
Its Columbus, Ohio, facility, Arsenal-1, is being outfitted to rapidly mass-produce such systems, including aerial and maritime drones.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45786873/eminems-music-publisher-sues-meta-for-109-million-over-alleged-song-theft">Eminem&#8217;s Music Publisher Sues Meta For $109 Million Over Alleged Song Theft</a>
Why It Matters: The company's momentum comes amid <a href="https://www.benzinga.com/25/05/45611605/kim-jong-uns-regime-slams-trumps-golden-dome-missile-defense-project-as-nuclear-war-scenario">intensifying geopolitical tensions</a> and a growing reliance on unmanned systems in conflict zones. Following a high-profile drone strike by Ukraine on Russian forces, the <a href="https://www.benzinga.com/25/05/45548110/trumps-golden-dome-launches-new-era-for-defense-stocks-like-rtx-lockheed-martin-l3harris">accelerated role</a> of technology in modern combat is increasingly clear.
Co-founder Palmer Luckey said, "The US must accelerate its drone development in order to remain competitive with China." Meanwhile, the company's military contracts continue to expand. Its work on new infantry goggles for the U.S. Army could reach over $20 billion in value over the next decade.
Anduril also announced a partnership with Mark Zuckerberg&#8217;s Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) to co-develop <a href="https://www.benzinga.com/media/25/05/45687185/mark-zuckerbergs-meta-reunites-with-palmer-luckey-to-equip-us-soldiers-with-eagleeye-an-ai-powered-combat-headset-that-can-detect-drones">AI-enabled combat headsets</a>.
The company is positioning itself as a cornerstone of America's future defense strategy. "We did well under Trump and we did better under Biden," said Luckey. "I think we will do even better now."
Luckey has previously outlined his vision for America to become <a href="https://www.benzinga.com/markets/emerging-markets/25/05/45487876/america-must-shift-roles-from-world-police-to-world-gun-store-says-palmer-luckey">&#8220;the world gun store"</a> and countered U.N. Secretary-General António Guterres, who condemned fully autonomous lethal weapons as "politically unacceptable" and "morally repugnant," urging the adoption of an <a href="https://press.un.org/en/2025/sgsm22643.doc.htm">international ban by 2026</a>.
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45786646/meta-is-talking-exclusive-vr-content-with-disney-other-hollywood-studios-as-it-prepares-to-launch-its-apple-vision-pro-rival-report">Meta Is Talking Exclusive VR Content With Disney, Other Hollywood Studios As It Prepares To Launch Its Apple Vision Pro Rival: Report</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: Tada Images / Shutterstock.com

Markets

Anduril Raises $2.5 Billion At $30.5 Billion Valuation, Doubling In A Year As Defense Contracts Grow

Ascendiant Capital analyst Edward Woo maintains BioSig Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSGM#NASDAQ">BSGM</a>) with a Buy and raises the price target from $2.5 to $10.

BSGM

Ascendiant Capital Maintains Buy on BioSig Technologies, Raises Price Target to $10

Corporate America is experiencing a surge in layoffs as companies respond to economic pressures from President Donald Trump&#8217;s tariff policies and artificial intelligence adoption reshaping workforce needs.
What Happened: Procter &amp; Gamble Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) revealed Thursday it will eliminate 7,000 jobs over two years, representing 15% of its non-manufacturing workforce, <a href="https://www.cnbc.com/2025/06/05/corporate-layoffs-companies-making-job-cuts.html">reported</a> CNBC. Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) cut 6,000 positions globally in May, followed by an additional<a href="https://www.benzinga.com/markets/tech/25/06/45738506/microsoft-fires-hundreds-more-workers-amid-ai-fueled-growth-calls-it-positioning-the-company-for-success"> 300 layoffs this week</a>, totaling approximately 3% of its workforce.
Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) reduced 1,500 positions across technology and e-commerce divisions, while The Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) cut several hundred employees worldwide from film and television units. Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) announced 3,500 job cuts in China, primarily affecting IT services.
Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) <a href="https://www.benzinga.com/markets/tech/25/06/45807611/amazon-cuts-jobs-in-kindle-goodreads-divisions-terms-it-a-difficult-decision">eliminated about 100 positions in its Kindle</a> and Goodreads divisions, adding to previous cuts across devices and services units. Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) reduced technology division staff, <a href="https://www.benzinga.com/25/05/45512822/nike-announces-layoffs-in-tech-division-shifts-focus-to-third-party-vendors">shifting work to third-party vendors. </a> See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45808926/robinhood-says-overnight-trading-spiked-after-trumps-tariff-surprise-retail-came-to-the-rescue">Robinhood Says Overnight Trading Spiked After Trump&#8217;s Tariff Surprise: &#8216;Retail Came To The Rescue&#8217;</a> Why It Matters: Companies are implementing cost-cutting measures against the backdrop of President Trump&#8217;s tariff policies, with several firms citing artificial intelligence as a factor in workforce decisions. Klarna CEO Sebastian Siemiatkowski told CNBC in May that the fintech company reduced headcount by 40%, partly due to AI investments.
Microsoft's CFO Amy Hood recently told investors the company was focused on "building high-performing teams and increasing our agility by <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">reducing layers with fewer managers."</a> CEO Satya Nadella had earlier indicated that between 20% to 30% of the company's code was now being written using AI tools. Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45808672/nvidia-denies-report-of-re-entering-chinese-market-with-custom-ai-chip-despite-us-restrictions-we-are-still-evaluating">Nvidia Denies Report Of Re-Entering Chinese Market With Custom AI Chip, Despite US Restrictions: &#8216;We Are Still Evaluating&#8230;&#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: Tada Images / Shutterstock.coma

Tech

AMZN

MSFT

Walmart, Microsoft, Disney Slash Jobs As Trump Tariffs, AI Push Corporate America Into Layoff Mode

ELBM

Electra Battery Materials Announced Thursday Completion Of A Feasibility Level Class 3 Engineering Study For Construction Of A Modular Battery Recycling Facility Adjacent To Its Cobalt Sulfate Refinery North Of Toronto

Ascendiant Capital analyst Edward Woo maintains Aemetis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMTX#NASDAQ">AMTX</a>) with a Buy and raises the price target from $19 to $20.

AMTX

Ascendiant Capital Maintains Buy on Aemetis, Raises Price Target to $20

Ascendiant Capital analyst Edward Woo maintains Atossa Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATOS#NASDAQ">ATOS</a>) with a Buy and raises the price target from $7.25 to $7.5.

ATOS

Ascendiant Capital Maintains Buy on Atossa Therapeutics, Raises Price Target to $7.5

Senate Democrats are pushing for a wide-ranging review of the Social Security Administration's (SSA) digital infrastructure after the Department of Government Efficiency (DOGE) allegedly obtained extensive access to its networks.
What Happened: Sens. Sheldon Whitehouse (D-R.I.), Elizabeth Warren (D-Mass.), and Ron Wyden (D-Ore.) presented the Protecting Seniors' Data Act of 2025 on Wednesday, Fedscoop <a href="https://fedscoop.com/senate-democrats-seek-audit-of-doge-access-to-social-security-systems/">reports</a>. The legislation would direct the Government Accountability Office to audit all SSA systems accessed by DOGE staff, including employees or volunteers.
According to the bill text, the review must identify any software vulnerabilities or unauthorized alterations made by DOGE affiliates. Lawmakers also want to ascertain whether DOGE's actions breached the Privacy Act or the Federal Information Security Management Act.
On the Senate floor, Whitehouse said, "If you were actually concerned about waste, fraud and abuse, you wouldn't fire all the inspectors general." "You'd actually probably try to recruit the inspectors general into your so-called government efficiency effort," he added.
The legislation comes amid legal efforts to block DOGE from further involvement with SSA systems. Last month, the <a href="https://www.benzinga.com/news/25/05/45189902/trump-administration-pushes-supreme-court-to-greenlight-doge-access-to-americans-social-security-data-despite-lower-courts-fishing-expedition-warning">Trump administration asked the Supreme Court to allow DOGE to access SSA data</a>.
Whitehouse warned that "there remains the lingering danger" that DOGE "perhaps they left backdoors so that Elon Musk or other folks who are interested in getting access to massive amounts of Americans' data can find their way into Social Security's data systems secretly."
In April, Rep.&nbsp;Gerald Connolly&nbsp;(D-VA) sent a letter to the Social Security Administration&#8217;s Inspector General&nbsp;demanding an investigation into allegations that <a href="https://www.benzinga.com/25/04/44888379/elon-musks-doge-under-fire-house-democrats-say-agency-is-building-unlawful-master-database-of-sensitive-us-data">DOGE is creating a cross-agency master database</a> containing Americans' sensitive personal data.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/45807968/trump-signals-truce-with-elon-musk-after-online-feud-its-going-very-well-never-done-better">Trump Signals Truce With Elon Musk After Online Feud: &#8216;It&#8217;s Going Very Well, Never Done Better&#8217;</a>
Why It Matters: Under the newly proposed law, SSA Commissioner Frank Bisignano, who once called himself <a href="https://www.benzinga.com/25/05/45338754/trumps-new-social-security-commissioner-says-hes-fundamentally-a-doge-person-what-that-could-mean-for-your-benefits">"fundamentally a DOGE person,"</a> would be required to report back to Congress on any identified weak points and how they are being dealt with. During his confirmation hearing, Bisignano promised, "I would do whatever is required to protect the information that is private information."
The Protecting Seniors' Data Act of 2025 comes days after Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk, the most prominent figure associated with DOGE, said the initiative became "the <a href="https://www.benzinga.com/cannabis/25/06/45714305/elon-musk-says-doge-became-a-whipping-boy-for-everything-real-or-imagined-tesla-ceo-doesnt-agree-with-everything-white-house-does-but-wont-speak-out">whipping boy</a> for everything" that went awry in Washington.
Meanwhile, a photo is circulating online, allegedly depicting <a href="https://www.benzinga.com/cannabis/25/06/45779056/musks-doge-team-accused-of-trashing-gov-office-weed-rats-wreckage-found-after-exit">garbage, including cannabis, left behind by a DOGE team</a> occupying the United States Institute of Peace (USIP) office.
Read Next:
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<li><a href="https://www.benzinga.com/news/politics/25/06/45808078/elon-musk-says-yes-to-impeaching-trump-replacing-him-with-jd-vance-amid-fierce-back-and-forth-over-big-beautiful-bill">Elon Musk Says &#8216;Yes&#8217; To Impeaching Trump, Replacing Him With JD Vance Amid Fierce Back-And-Forth Over &#8216;Big, Beautiful Bill&#8217;</a></li>
</ul>
Photo courtesy: Tada Images / Shutterstock.com

Protecting Seniors' Data Act To Audit DOGE's Access Of Social Security Systems, Identify 'Backdoor' Channels: Report

GEE Group Sells Triad Light Industrial Division To Armada Staffing, Sharpens Focus On Professional Services Verticals

Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) plunged 20.79% during the pre-market trading session on Friday, as it cut its full-year earnings forecast amid an unpredictable macroeconomic environment.
What Happened:&nbsp;The athletic apparel company&#8217;s Q1 <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45803189/lululemon-q1-earnings-revenue-beat-eps-in-line-shares-tumble-on-weaker-earnings-forecast">earnings</a>, released on Thursday, exceeded analysts&#8217; expectations. However, the company has adjusted its full-year earnings forecast due to a &#8220;dynamic macroenvironment.&#8221; The company is dealing with tariffs and a potential deceleration in the U.S. economy. 
CEO&nbsp;Calvin McDonald&nbsp;acknowledged the challenges posed by tariffs and concerns about a potential slowdown in the U.S. economy. Despite these challenges, McDonald expressed the company&#8217;s intention to capitalize on its&nbsp;strong financial position and competitive&nbsp;advantages.
McDonald also noted that U.S. consumer behavior is cautious and deliberate, expressing his dissatisfaction with the U.S. growth. The company&#8217;s CFO,&nbsp;Meghan Frank, disclosed plans to introduce &#8220;strategic price increases, examining each item across our range,&#8221; to counterbalance the effects of tariffs. She emphasized that these hikes would be applicable to a minor fraction of their products and would be &#8220;modest in nature.&#8221;
The company&#8217;s shares fell by 5% in after-hours trading following the announcement.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/macro-economic-events/25/06/45790762/trumps-tariff-plan-could-cut-deficit-by-2-8-trillion-over-a-decade-but-not-without-" target="_blank" rel="noreferrer noopener">Trump&#8217;s Tariff Plan Could Cut Deficit By $2.8 Trillion Over A Decade — But Not Without Consequences, Warns CBO</a>
Why It Matters: Lululemon's report follows a wave of retailers cutting or withdrawing their guidance amid uncertainty over President Donald Trump's tariff policies. Companies like Abercrombie &amp; Fitch (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) and Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) lowered their profit forecasts, while others, such as American Eagle Outfitters (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>), scrapped their full-year outlook entirely.
On the earnings call, Frank said Lululemon's outlook factors in a 30% tariff on Chinese imports and a 10% tariff on goods from other sourcing countries. In 2024, the company sourced most of its products from Vietnam (40%), followed by Cambodia, Sri Lanka, Indonesia, and Bangladesh. Lululemon outsources all manufacturing and fabric supply to external vendors. 
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Investors will be closely monitoring Lululemon&#8217;s strategies to navigate these challenges and sustain its growth momentum in the face of economic uncertainties.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/pressreleases/24/10/ab41310379/claritycheck-launches-innovative-reverse-lookup-tool-to-empower-users-against-digital-scams" target="_blank" rel="noreferrer noopener">ClarityCheck Launches Innovative Reverse Lookup Tool to Empower Users Against Digital Scams &#8211; Benzinga</a></li>
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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.

Lululemon Stock Crashes Nearly 21% In Friday Pre-Market: What's Going On?

Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) tumbled 9.14% to $0.1726 on Friday as a public dispute between President Donald Trump and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk sent <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45807325/bitcoin-ethereum-dogecoin-drop-as-crypto-market-loses-124-billion-amid-trump-musk-feud-and-mass-liquidations">shockwaves through cryptocurrency markets</a>. 
The meme cryptocurrency, which features a Shiba Inu logo and was created by Billy Markus and Jackson Palmer in December 2013, dropped alongside broader crypto selloffs that saw Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fall 0.98% to $103,793 and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) decline 5.08% to $2,75, as of 6:11 am Eastern Time. Total crypto market cap fell 3.77% to $3.18 trillion.
The market turbulence coincided with escalating tensions between Trump and Musk after the Tesla CEO criticized the president&#8217;s spending bill as a &#8220;massive, outrageous, pork-filled Congressional abomination&#8221; on social media. Trump retaliated by threatening to <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45807325/bitcoin-ethereum-dogecoin-drop-as-crypto-market-loses-124-billion-amid-trump-musk-feud-and-mass-liquidations">terminate billions in government contracts</a> and subsidies for Musk&#8217;s companies, including Tesla and SpaceX.
"The sharp moves in TRUMP and DOGE demonstrate just how quickly political drama can move markets, especially when tied to cryptocurrencies with strong narrative-driven communities," said Jordan Major, author of the Finbold research. "As crypto markets mature, we're seeing them become more sensitive to real-world political headlines, and this latest episode is a prime example of that dynamic in action."
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45809443/larry-summers-identifies-3-key-reasons-for-rising-us-debt-but-doesnt-think-trumps-big-beautiful-bill-is-the-medicine-the-country-needs">Larry Summers Identifies 3 Key Reasons For Rising US Debt, But Doesn&#8217;t Think Trump&#8217;s &#8216;Big Beautiful Bill&#8217; Is The Medicine The Country Needs</a>
Why It Matters: Tesla shares plunged 14.3% on Thursday following Trump&#8217;s threats, but recovered 5.02%, trading at $298.9 in pre-market trading on Friday. Musk had departed his role as senior adviser at the Department of Government Efficiency just days before the public confrontation escalated.
Dogecoin&#8217;s price sensitivity to Musk-related developments stems from the billionaire&#8217;s historical influence over the token. Musk began tweeting about Dogecoin in early 2021, calling it his &#8220;favorite coin&#8221; and triggering massive rallies culminating in his Saturday Night Live appearance. 
The selloff triggered <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45807325/bitcoin-ethereum-dogecoin-drop-as-crypto-market-loses-124-billion-amid-trump-musk-feud-and-mass-liquidations">massive liquidations across crypto markets</a>, with 226,781 traders liquidated in 24 hours totaling $979.88 million in forced position closures.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/market-summary/25/06/45809203/investors-pay-the-price-as-musk-trump-war-of-words-escalates-once-allies-now-foes-their-linked-stocks-crypto-and-funds-wipe-out-155-billion-in-a-single-day">Investors Pay The Price As Musk-Trump War Of Words Escalates: Once Allies, Now Foes, Their Linked Stocks, Crypto And Funds Wipe Out $155 Billion In A Single Day</a></li>
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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.
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Dogecoin Drops Over 9% On Friday Morning: What's Going On?

Ascendiant Capital analyst Edward Woo maintains Lucid Diagnostics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUCD#NASDAQ">LUCD</a>) with a Buy and raises the price target from $7.5 to $7.75.

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Ascendiant Capital Maintains Buy on Lucid Diagnostics, Raises Price Target to $7.75

Marti Surpasses June 2025 Targets Early With 2.15M Riders And 314K Drivers On Ride-Hailing Platform

Ascendiant Capital analyst Edward Woo maintains PAVmed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAVM#NASDAQ">PAVM</a>) with a Buy and lowers the price target from $19.5 to $19.

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Ascendiant Capital Maintains Buy on PAVmed, Lowers Price Target to $19

On Thursday, June 5, U.S. markets closed lower as Tesla shares plunged amid escalating tensions between Elon Musk and Donald Trump, wiping out significant market value. Optimism from renewed U.S.-China tariff dialogue was overshadowed by weak economic data, rising jobless claims, and inflation concerns. Broader market sentiment remained cautious ahead of key labor reports and ongoing uncertainty over Federal Reserve policy.
Economic data showed that U.S. unit labor costs rose 6.6% in Q1, while nonfarm productivity declined 1.5%. The trade deficit narrowed to $61.6 billion, marking its lowest since September 2023.
Most S&amp;P 500 sectors fell Thursday, led by consumer discretionary, materials, and staples, while communication services ended higher.
The Dow closed lower by 0.25% at 42,319.74, the S&amp;P 500 declined 0.53% to 5,939.30, and the Nasdaq slid 0.83% to 19,298.45.
<h2 class="wp-block-heading">Asia Markets Today</h2>
On Friday, Japan&#8217;s Nikkei 225 closed 0.49% higher at 37,740.00, led by gains in the Real Estate, Banking, and Textile sectors.
Australia&#8217;s S&amp;P/ASX 200 slid 0.27%, ending the session at 8,515.70, led by losses in the Gold, IT, and Healthcare sectors.
India&#8217;s Nifty 50 was up 1.01% at 25,002.45, and the Nifty 500 rose 1.01% to 23,166.20.
China&#8217;s Shanghai Composite was up 0.04% at 3,385.36, and Shanghai Shenzhen CSI 300 declined 0.09% to 3,873.98.
Hong Kong&#8217;s Hang Seng closed the session 0.48% lower at 23,792.54.
<h2 class="wp-block-heading">Eurozone at 05:45 AM ET</h2>
The European STOXX 50 index was down 0.02%.
Germany&#8217;s DAX index declined 0.22%.
France&#8217;s CAC 40 fell 0.07%.
U.K.&#8217;s FTSE 100 index traded higher by 0.14%.
<h2 class="wp-block-heading">Commodities at 05:45 AM ET</h2>
Crude Oil WTI was trading lower by 0.44% at $63.10/bbl, and Brent was down 0.34% at $65.13/bbl.
Oil prices dipped Friday but were set for weekly gains as renewed U.S.-China trade talks lifted demand hopes despite Saudi price cuts, supply hikes, and ongoing geopolitical risks.
Natural gas rose 1.69% to $3.739.
Gold traded higher by 0.12% to $3,379.15, Silver rose 1.24% to $36.250, and Copper fell 1.31% to $4.8683.
<h2 class="wp-block-heading">U.S. Futures at 05:45 AM ET</h2>
Dow Jones futures rose 0.34%, the S&amp;P 500 gained 0.40%, and the Nasdaq 100 was up 0.41%.
<h2 class="wp-block-heading">Forex at 05:45 AM ET</h2>
The U.S. Dollar Index rose 0.23% to 98.97, USD/JPY was up 0.51% to 144.17, and USD/AUD gained 0.21% to 1.5405.
The dollar rose slightly Friday but faced a weekly loss amid weak U.S. data and trade tensions. Focus shifted to payrolls, while the euro and yen slipped on central bank signals.
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Asia And Europe Markets Mixed, Dollar Rebounds Ahead Of US Jobs Data - Global Markets Today While US Slept

OpenAI CEO Sam Altman said AI can now perform entry-level employee tasks, while Gen Z workers increasingly view artificial intelligence as a workplace companion rather than competition, as tech leaders predict the first billion-dollar single-person company could emerge next year.
What Happened: Altman told a panel with Snowflake CEO Sridhar Ramaswamy that AI agents can effectively handle intern-level work today, with capabilities expanding rapidly. &#8220;Today (AI) is like an intern that can work for a couple of hours, but at some point it&#8217;ll be like an experienced software engineer that can work for a couple of days,&#8221; Altman said, <a href="https://fortune.com/2025/06/05/openai-ceo-sam-altman-ai-as-good-as-interns-entry-level-workers-gen-z-embrace-technology/?itm_source=parsely-api">reported </a>Fortune.
The 40-year-old CEO predicted AI will soon discover new knowledge and solve complex business problems autonomously. Meanwhile, 51% of Gen Z workers view generative AI as a co-worker or friend, compared to 40% of millennials and 35% of older generations, <a href="https://www.resume.org/research/majority-of-gen-z-chatgpt-users-view-it-as-a-coworker/">according</a> to Resume.org survey data. Altman noted generational differences in AI usage: &#8220;Older people use ChatGPT as a Google replacement. Maybe people in their 20s and 30s use it as a life advisor, and then, like people in college, use it as an operating system.&#8221;
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang reinforced the adoption imperative, warning, &#8220;You&#8217;re not going to lose your job to an AI, but you&#8217;re going to lose your job to someone who uses AI&#8221; at the Milken Institute <a href="https://www.youtube.com/watch?v=HT8-KPAjpiA">conference.</a> See Also: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45808537/dell-rated-underperform-as-growth-set-to-subside-in-the-second-half-hp-deemed-more-compelling-by-analyst">Dell Rated &#8216;Underperform&#8217; As Growth Set to Subside In &#8216;The Second Half:&#8217; HP Deemed More Compelling By Analyst</a> Why It Matters: AI development carries direct market implications for workforce sectors. Anthropic CEO Dario Amodei stated the first billion-dollar company staffed by <a href="https://www.benzinga.com/tech/25/05/45602384/jeff-bezos-backed-anthropics-ceo-says-the-first-billion-dollar-company-staffed-by-one-person-will-appear-next-year-hallucinations-unlikely-to-delay-lean-startups">one person will appear in 2026</a>, affecting revenue-per-employee ratios and investor valuations.
Venture capitalist Chamath Palihapitiya stated <a href="https://www.benzinga.com/25/03/44528268/chamath-palihapitiya-agrees-you-should-no-longer-learn-to-code-says-parents-should-advise-their-kids-to-focus-on-these-subjects-instead">engineers&#8217; roles will become &#8220;supervisory,</a> at best, within 18 months,&#8221; recommending parents direct children toward philosophy, psychology, and English writing over coding. AI prompt engineers earn salaries up to $335,000 without technical backgrounds.
Companies now prioritize AI skills over traditional experience, with OpenAI&#8217;s Operator agent offering &#8220;hands-free&#8221; workflows while Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google integrates Gemini 2.5 Pro into Chrome for task automation. Read Next:
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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.
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