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Legend Biotech

Legend Biotech Corp is a clinical-stage biopharmaceutical company. It is engaged in the discovery and development of novel cell therapies for oncology and other indications. The firm's product candidate, LCAR-B38M/JNJ-4528, is a chimeric antigen receptor, or CAR, T cell therapy for the treatment of multiple myeloma. Geographically, the company generates a majority of its revenue from the United States of America. The company generates revenue from License and Collaboration revenue.

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Economics

Germany Services Purchasing Managers Index Preliminary For July 50.1 Vs. 50.0 Est.; 49.7 Prior

France Services Purchasing Managers Index Preliminary For July 49.7 Vs. 49.7 Est.; 49.6 Prior

France Manufacturing Purchasing Managers Index Preliminary For July 48.4 Vs. 48.5 Est.; 48.1 Prior

Wedbush Securities' investor and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) bull Dan Ives has reiterated his bullish views on the automaker following its second-quarter earnings call.
Check out the current price of<a href="https://benzinga.com/quote/tsla"> TSLA stock here</a>.
What Happened: Appearing on CNBC's Closing Bell <a href="https://www.youtube.com/watch?v=yJDTKzhTg4M">on</a> Wednesday, the investor was bullish on Tesla leading up to the earnings call, hailing Tesla's AI and Robotaxi efforts.
"It's the start of the AI future for Musk and Tesla. It's gonna be worth a trillion dollars alone to the valuation of Tesla," he said in the interview.
The investor then took to social media platform X on Wednesday after the Tesla earnings call. Ives called Elon Musk a "wartime CEO" again in his post, adding that Tesla's autonomous and robotics vision is starting "to take shape."
"Tesla and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) remain our 2 best physical AI plays over the next few years," Ives said in the post.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">With <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> as a wartime CEO at <a href="https://twitter.com/Tesla?ref_src=twsrc%5Etfw">@Tesla</a> we are seeing the autonomous and robotics vision start to take shape. Tesla and Nvidia remain our 2 best physical AI plays over the next few years <a href="https://twitter.com/CNBCClosingBell?ref_src=twsrc%5Etfw">@CNBCClosingBell</a> &#x1f525;&#x1f3c6;&#x1f3af;&#x1f402;&#x1f37f;&#x1f447; <a href="https://t.co/tt66YkktSn">https://t.co/tt66YkktSn</a> <a href="https://t.co/0t9EQiKsat">pic.twitter.com/0t9EQiKsat</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1948139358315217082?ref_src=twsrc%5Etfw">July 23, 2025</a></blockquote>
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Why It Matters: Ives had earlier set a <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46560027/tesla-q2-earnings-preview-will-robotaxis-ai-wartime-ceo-elon-musk-deliver">$500 price target</a> for Tesla in the run-up to the earnings call, as well as maintaining an Outperform rating on the stock. He had also said that the Robotaxi expansion was a "key autonomous initiative for the company."&nbsp;
The comments also follow <a href="https://www.benzinga.com/markets/earnings/25/07/46587882/tesla-q2-earnings-highlights-revenue-and-earnings-fall-short-new-models-still-set-for-2025-2026">Tesla's earnings call</a>, which showcased a 12% YoY decline in revenue for Tesla as the automaker reported $22.5 billion in revenue for the second quarter.
Following the update, Future Fund LLC's managing director, Gary Black, slammed Tesla for its <a href="https://www.benzinga.com/markets/tech/25/07/46594012/teslas-new-model-y-trim-wont-expand-market-offers-zero-incremental-volume-says-gary-black">affordable Model Y version</a>, which the investor says would not provide the EV giant with any "incremental value" and would not expand its total addressable market.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/markets/tech/25/07/46594012/teslas-new-model-y-trim-wont-expand-market-offers-zero-incremental-volume-says-gary-black"><img loading="lazy" decoding="async" width="1024" height="199" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24025213/TSLA-JUL-24-2025-2-1024x199.jpg" alt="" class="wp-image-998412" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24025213/TSLA-JUL-24-2025-2-1024x199.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24025213/TSLA-JUL-24-2025-2-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24025213/TSLA-JUL-24-2025-2-768x149.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24025213/TSLA-JUL-24-2025-2-1536x298.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24025213/TSLA-JUL-24-2025-2.jpg 1566w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla offers Satisfactory Momentum and Quality, while scoring well on the Growth metric, but offering poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46572391/elon-musks-tesla-recorded-one-crash-every-6-69-million-miles-driven-ev-maker-says-ahead-of-q2-earnings">Elon Musk's Tesla Recorded ‘One Crash' Every 6.69 Million Miles Driven, EV Maker Says Ahead Of Q2 Earnings</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

NVDA

TSLA

Dan Ives Sees $1 Trillion Potential In Tesla's AI Ambitions, Calls Elon Musk's EV Giant 'Best Physical AI Play' Alongside Nvidia

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO, Elon Musk, warned that the company was entering a challenging period as federal EV credits wind down and tariff-related headwinds begin to mount. 
What Happened: During the company&#8217;s <a href="https://www.benzinga.com/markets/earnings/25/07/46587882/tesla-q2-earnings-highlights-revenue-and-earnings-fall-short-new-models-still-set-for-2025-2026">second quarter earnings</a> call on Wednesday, Musk said, &#8220;We probably could have a few rough quarters. I&#8217;m not saying that we will, but we could. Q4, Q1, maybe Q2,&#8221; referring to the fourth quarter of 2025, along with the first and second quarters of 2026. 
The company acknowledged the overlapping headwinds it is now facing during the call, starting with the expiration of the $7,500 federal EV tax credit for many of its models, towards the end of the current quarter. 
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46592191/elon-musks-tesla-sits-on-284-million-bitcoin-windfall-in-q2-refuses-to-cash-out">Elon Musk&#8217;s Tesla Sits On $284 Million Bitcoin Windfall In Q2, Refuses to Cash Out</a>
In addition to regulatory changes, Tesla disclosed that the tariffs imposed by President Donald Trump have increased costs by approximately $300 million from the prior quarter. Two-thirds of this impact was seen in the company&#8217;s automotives business, and less in energy, according to the company&#8217;s CFO, Vaibhav Taneja.
Taneja says, &#8220;Given the latency in manufacturing and sales, the full impacts will come through in the following quarters. So costs will increase in the near term.&#8221;
Despite all these concerns, however, Musk remains optimistic, leaning on Tesla&#8217;s autonomy play. &#8220;Once you get to autonomy at scale in the second half of next year… I&#8217;d be surprised if Tesla&#8217;s economics are not very compelling,&#8221; he said.
Why It Matters: According to senior analyst Dan Ives of Wedbush Securities, the axing of the EV tax credits would be <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41988194/trump-plans-to-erase-ev-tax-credit-analyst-says-its-net-bullish-calls-sell-off-wrong-knee-jerk-reaction">a net positive</a> for Tesla. 
&#8220;While this is a clear negative for the EV industry at first look and would particularly hurt GM, Ford, Stellantis, and Rivian… on the flip side, we view this as a net bullish move for Tesla and Musk over time,&#8221; Ives said nearly a year ago, citing the latter&#8217;s scale relative to its peers. 
Tesla released its <a href="https://www.benzinga.com/markets/earnings/25/07/46587882/tesla-q2-earnings-highlights-revenue-and-earnings-fall-short-new-models-still-set-for-2025-2026">second quarter results</a> on Wednesday, reporting $22.5 billion in sales, an increase of 12% year-over-year, but falling short of consensus estimates at $22.8 billion. 
The company posted a profit of $0.40 per share, which again missed analyst consensus estimates at $0.42 per share during the quarter.
Price Action: Tesla shares were up 0.14% on Wednesday, trading at $332.56, but are down 5.51% after hours following the earnings release. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="149" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24022234/Screenshot-2025-07-24-at-11.52.24-AM-1024x149.png" alt="" class="wp-image-998363" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24022234/Screenshot-2025-07-24-at-11.52.24-AM-1024x149.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24022234/Screenshot-2025-07-24-at-11.52.24-AM-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24022234/Screenshot-2025-07-24-at-11.52.24-AM-768x112.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24022234/Screenshot-2025-07-24-at-11.52.24-AM.png 1528w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Tesla shares score high on Growth, and have 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 stock, its peers and competitors. 
Elon Musk Tesla &#x7C; Photo courtesy: Mijansk786 / Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41988194/trump-plans-to-erase-ev-tax-credit-analyst-says-its-net-bullish-calls-sell-off-wrong-knee-jerk-reaction">Tesla Stock Drops After-Hours, Analysts Lament Lack Of &#8216;Clear Metrics,&#8217; Balance Sheet Pressure And Legal Risks: Elon Musk Gave &#8216;Ton Of Ammunition&#8217; To Lawyers Suing Him</a></li>
</ul>

Government

Large Cap

Regulations

Travel

Markets

General

Elon Musk Says Tesla Could Face 'A Few Rough Quarters' As EV Incentives Expire And Trump Tariff Pressures Mount

President Donald Trump acknowledged Wednesday that he briefly considered using antitrust power to split up Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) before aides warned the move would be &#8220;very hard."
What Happened: "I said, ‘Look, we'll break this guy up,' before I learned the facts here," Trump told an AI summit crowd near the Capitol, according to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-07-23/trump-weighed-nvidia-breakup-before-realizing-it-d-be-hard">report</a>. He added that he had "figured we could go in and sort of break them up a little bit, get them a little competition, and I found out it's not easy in that business."
&#8220;I said, ‘suppose that we put the greatest minds together and they work hand-in-hand for a couple of years.' He said, ‘no, it would take at least ten years to catch him if he ran Nvidia totally incompetently from now on.' So I said, ‘all right, let's go on to the next one,'" Trump added. "And then I got to know Jensen, and now I see why.&#8221;
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It is worth noting that the DOJ under the Biden administration had <a href="https://www.benzinga.com/government/24/09/40697462/nvidia-receives-doj-subpoena-in-antitrust-investigation-what-to-know">launched an antitrust probe</a> into Nvidia Corp. in 2024.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46593814/palantirs-shyam-shankar-says-ai-wont-kill-jobs-itll-give-blue-collar-workers-superpowers-and-make-them-50x-more-productive">Palantir&#8217;s Shyam Shankar Says AI Won&#8217;t Kill Jobs—It&#8217;ll Give Blue-Collar Workers &#8216;Superpowers&#8217; And Make Them 50X More Productive</a>
Trump then turned conciliatory, singling out chief executive Jensen Huang, seated in the audience, with a thumbs‑up, "What a job you've done."
Why It Matters: The two met at the White House this month shortly before the <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">administration cleared Nvidia</a> to resume selling its H20 AI chips to China under a new trade truce.
The remarks came as Trump <a href="https://www.benzinga.com/markets/tech/25/07/46593182/trump-signs-new-executive-orders-to-fast-track-ai-dominance-we-will-be-unstoppable-as-a-nation">rolled out an AI Action Plan</a>, a package of executive orders and legislative proposals aimed at loosening regulations, expanding exports and accelerating data‑center construction to win the AI race against Beijing. 
The blueprint reverses several Biden‑era chip‑export curbs and follows a May proposal to scrap tiered licensing rules for advanced semiconductors.
Price Action: NVDA stock is trading higher by 2.25% to $170.78 at market close on Wednesday. The stock was up 1.24% in after-market hours.
Benzinga Edge Stock Rankings indicate that Nvidia demonstrates a strong profile for growth and momentum, but scores very poorly on value. The company boasts an exceptional Growth score of 98.70 and a strong Momentum score of 85.67. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Check here to find out how the stock fares against its peers</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="145" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24023510/image-352-1024x145.png" alt="" class="wp-image-998382" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24023510/image-352-1024x145.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24023510/image-352-300x42.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24023510/image-352-768x108.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24023510/image-352.png 1374w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo by gguy via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46593735/google-ceo-sundar-pichai-shrugs-off-headling-grabbing-exits-amid-talent-war-hype-we-are-doing-very-well">Google CEO Sundar Pichai Shrugs Off Headling-Grabbing Exits Amid Talent War Hype: &#8216;We Are Doing Very Well&#8217;</a></li>
</ul>

Trump Wanted To Break Up Nvidia Before He 'Learned The Facts' — He Later Found Out It's 'Not Easy'

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk just shared some ambitious targets for the electric vehicle giant during Wednesday's second-quarter earnings call with investors.
Check out the current price of<a href="https://benzinga.com/quote/tsla"> TSLA stock here</a>.
What Happened: "We'll probably have autonomous ride hailing in probably half the population of the U.S. by the end of the year," Musk said at the earnings call on Wednesday.
He added that any such plans would be subject to regulatory approval. "We are being very cautious. We don't wanna take any chances," Musk said.
He also shared that the number of vehicles deployed as well as the serviceable area for Robotaxis would increase at a "hyperexponential rate" soon. Tesla will also target more cities for Robotaxis in the U.S., with approvals pending in Phoenix as well as Florida, the company said.
The billionaire also highlighted that Tesla was working closely with the regulators in the Netherlands for Full Self-Driving (FSD) approval, adding that the company would target the EU next and was working to get FSD unblocked in China.
As far as the Optimus robots are concerned, the company plans to release the 3rd generation model soon. "It's gonna probably be prototypes of Optimus three, end of this year and then scale production next year," Musk said.
He also said the company would try to get to an annual production target of a million units "as fast as it's humanly possible," but predicts a 5-year target of 100,000 units produced annually.
Why It Matters: The announcements come as Tesla released its <a href="https://www.benzinga.com/markets/earnings/25/07/46587882/tesla-q2-earnings-highlights-revenue-and-earnings-fall-short-new-models-still-set-for-2025-2026">second-quarter of 2025 results</a> at the earnings call, with the revenue down to $22.5 billion, a 12% YoY decline for the company.
Tesla had earlier released delivery data for the second quarter, <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46221375/tesla-stock-jumps-on-strong-q2-deliveries">recording 384,212 deliveries</a>, beating analyst expectations. However, Tesla's sales have been dwindling, with a 12% decline in the U.S. and a 21% decline in California for the second quarter.
This coincides with Tesla also releasing its vehicle safety report for the second quarter, recording over <a href="https://www.benzinga.com/markets/tech/25/07/46572391/elon-musks-tesla-recorded-one-crash-every-6-69-million-miles-driven-ev-maker-says-ahead-of-q2-earnings">6.69 million miles driven</a> per crash when the company's Autopilot feature is toggled on.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="900" height="642" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24005802/image-348.png" alt="" class="wp-image-998270" style="width:565px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24005802/image-348.png 900w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24005802/image-348-300x214.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24005802/image-348-768x548.png 768w" sizes="(max-width: 900px) 100vw, 900px" /></a></figure>
Tesla offers Satisfactory Momentum and Quality, while scoring well on the Growth metric, but offering poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46537614/elon-musks-tesla-could-lose-license-to-sell-cars-in-california-amid-autopilot-fsd-false-advertising-lawsuit-report">Elon Musk&#8217;s Tesla Could Lose License To Sell Cars In California Amid Autopilot, FSD False Advertising Lawsuit: Report</a></li>
</ul>
Photo courtesy: Ken Wolter / Shutterstock.com

Elon Musk Aims To Deploy Robotaxis To Serve Half The US Population By The End Of 2025, Targets Million Optimus Units Annually 'As Fast As It's Humanly Possible'

Columbia University&nbsp;has settled with the Trump administration, putting an end to federal investigations into alleged civil rights violations related to campus protests over the Israel-Hamas war.
What Happened: The university has agreed to pay $200 million to the federal government over three years, resolving investigations triggered by allegations of antisemitism from students and faculty during the protests. In response, the Trump administration has agreed to reinstate most of the federal grants that were suspended or withdrawn in March 2025, <a href="https://www.politico.com/news/2025/07/23/columbia-university-reaches-a-settlement-with-trump-administration-00473322">reported </a>Politico.
Acting Columbia President, Claire Shipman, stated, &#8220;This agreement marks an important step forward after a period of sustained federal scrutiny and institutional uncertainty.&#8221;
The university will also pay an extra $21 million to resolve investigations launched by the federal employment discrimination commission.
The settlement includes the appointment of an independent monitor, jointly chosen with the government, to supervise the resolution's implementation.&nbsp;However, Columbia maintains full independence and control over faculty hiring, admissions, and academic decisions.
Education Secretary Linda McMahon characterized the agreement as&nbsp;"a seismic shift in our&nbsp;nation's fight to hold institutions&nbsp;that accept American taxpayer dollars&nbsp;accountable for antisemitic discrimination and&nbsp;harassment."
Notably, despite the settlement, Columbia University does not admit to any wrongdoing. The university recognized the need for reform following &#8220;painful, unacceptable incidents&#8221; experienced by Jewish students and faculty.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/topics/25/07/46590373/elon-musk-richest-man-alive-is-asked-how-he-feels-about-being-labeled-evil-billionaire-its-not-like-i" target="_blank" rel="noreferrer noopener">Elon Musk, Richest Man Alive, Is Asked How He Feels About Being Labeled &#8216;Evil Billionaire&#8217; — &#8216;It&#8217;s Not Like I&#8217;ve Got Some Massive Cash Balance&#8217;</a>
Why It Matters: The settlement marks a significant shift in the ongoing dispute between the Trump administration and Columbia University. In June, the Education Department had <a href="https://www.benzinga.com/news/education/25/06/45787820/trump-administration-says-columbia-university-violated-federal-law-threatens-accreditation-over-failure-to-protect-jewish-students-during-campus-protests">formally notified</a> the Middle States Commission on Higher Education that Columbia University had violated federal anti-discrimination laws.
The department accused the university&#8217;s leadership of acting with &#8220;deliberate indifference&#8221; towards the harassment of Jewish students on its campus.
At the same time, the Trump administration had also taken action against other prestigious universities. In a move that sparked controversy, President Trump suspended the entry of <a href="https://www.benzinga.com/news/legal/25/06/45786819/trump-suspends-entry-of-foreign-students-to-harvard-for-six-months-citing-national-security-university-calls-move-illegal-retaliatory-step">foreign nationals</a> seeking to study at Harvard University for an initial six months, citing national security concerns.
This move was seen as an escalation of the ongoing federal dispute with the Cambridge-based institution.
These developments underscore the broader tensions between the Trump administration and elite universities over issues of discrimination, academic freedom, and national security.
READ MORE:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/topics/25/07/46506801/i-am-so-overwhelmed-harvard-startup-coach-says-this-is-the-no-1-thing-founders-confess-behind-closed-doors-heres-what-to-do-about-it">&#8216;I Am So Overwhelmed&#8217;: Harvard Startup Coach Says This Is The No. 1 Thing Founders Confess Behind Closed Doors — Here&#8217;s What To Do About It</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.

Politics

Columbia University To Pay Over $200 Million To Trump Administration To End Probe, Restore Federal Funding

Deutsche Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DB#NYSE">DB</a>) reported quarterly earnings of $0.54 per share which missed the analyst consensus estimate of $0.78 by 30.26 percent. This is a 47.03 percent increase over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $8.85 billion which beat the analyst consensus estimate of $8.82 billion by 0.32 percent. This is a 8.30 percent increase over sales of $8.17 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Deutsche Bank Q2 EPS $0.54 Misses $0.78 Estimate, Sales $8.85B Beat $8.82B Estimate

Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) will release earnings results for the second quarter before the opening <a href="https://www.benzinga.com/quote/BX/earnings">bell on Thursday, July 24</a>.
Analysts expect the New York-based company to report quarterly earnings at $1.1 per share, up from 96 cents per share in the year-ago period. Blackstone is projected to report quarterly revenue of $2.81 billion, compared to $2.52 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Blackstone recently acquired a majority stake in Network Ops firm NetBrain.
Blackstone shares gained 1.5% to close at $171.96 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/bx/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>JMP Securities analyst Brian McKenna maintained a Market Outperform rating and raised the price target from $165 to $180 on July 14, 2025. This analyst has an accuracy rate of 70%.</li>
<li>Wells Fargo analyst Michael Brown maintained an Equal-Weight rating and raised the price target from $153 to $167 on July 11, 2025. This analyst has an accuracy rate of 72%.</li>
<li>Citigroup analyst Christopher Allen maintained a Neutral rating and boosted the price target from $137 to $160 on July 10, 2025. This analyst has an accuracy rate of 78%.</li>
<li>Barclays analyst Benjamin Budish maintained an Equal-Weight rating and raised the price target from $136 to $168 on July 10, 2025. This analyst has an accuracy rate of 83%.</li>
<li>Evercore ISI Group analyst Glenn Schorr maintained an Outperform rating and increased the price target from $152 to $165 on July 10, 2025. This analyst has an accuracy rate of 75%</li>
</ul>
Considering buying BX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/bx/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="568" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24014449/image-351-1024x568.png" alt="" class="wp-image-998325" style="width:640px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24014449/image-351-1024x568.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24014449/image-351-300x166.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24014449/image-351-768x426.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24014449/image-351.png 1137w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next:
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<li> <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46570034/jim-cramer-likes-stocks-yield-not-fundamentals">Jim Cramer Loves &#8216;That Yield&#8217; But Passes On This Stock: &#8216;Fundamentals Are Hurting&#8217;</a></li>
</ul>
Photo via Shutterstock

Price Target

Pre-Market Outlook

Analyst Ratings

Trading Ideas

Top Wall Street Forecasters Revamp Blackstone Expectations Ahead Of Q2 Earnings

AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) is poised for significant growth and investment, attributing much of its optimistic outlook to the recently passed One Big Beautiful Bill Act.
Check out the current price of <a href="https://www.benzinga.com/quote/T">AT&amp;T stock here</a>.
What Happened: During its <a href="https://www.benzinga.com/markets/earnings/25/07/46570015/atts-discount-bundles-fuel-subscriber-gains-tax-savings-to-supercharge-fiber-expansion">second-quarter 2025</a> earnings call, company executives detailed how the pro-investment provisions of Donald Trump&#8217;s legislation are directly fueling an acceleration in their 5G and fiber network expansion, alongside substantial commitments to its workforce.
John Stankey, AT&amp;T&#8217;s Chairman and CEO, highlighted the profound impact of the new policy and said, &#8220;We intend to invest more rapidly in next generation networks.&#8221;
&#8220;Investment and policy tailwinds are as strong as I can remember since maybe the Telecommunications Act of 1996.&#8221; He emphasized that this favorable environment provides the confidence to reinvest the benefits gained strategically.
The company plans to significantly ramp up its fiber deployment, targeting a pace of 4 million new locations per year by the end of 2026. This accelerated build-out is expected to reach approximately 50 million customer locations and over 60 million total fiber locations by the end of 2030, a considerable increase from its current 30 million.
&#8220;This will support good-paying middle-class jobs all right here in the US,&#8221; Stankey added, underscoring the bill&#8217;s contribution to job creation.
Furthermore, the One Big Beautiful Bill Act provides AT&amp;T with substantial cash tax savings, estimated between $6.5 billion and $8 billion from 2025 through 2027.
Pascal Desroches, AT&amp;T&#8217;s CFO, confirmed the allocation of these savings, stating, &#8220;We intend to contribute $1.5 billion to our pension plan by the end of next year.&#8221; This move aims to elevate the plan&#8217;s funded status to approximately 95% and fully fund it by the early part of the next decade.
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46571050/ripple-circle-push-for-fed-access-as-5-7-trillion-stablecoin-surge-fuels-ambitions-to-replace-swift-says-industry-observer">Ripple, Circle Push For Fed Access As $5.7 Trillion Stablecoin Surge Fuels Ambitions To Replace SWIFT, Says Industry Observer</a>
Why It Matters: AT&amp;T <a href="https://www.benzinga.com/markets/earnings/25/07/46570015/atts-discount-bundles-fuel-subscriber-gains-tax-savings-to-supercharge-fiber-expansion">reported revenue</a> of $30.80 billion, exceeding the consensus estimate of $30.45 billion. Adjusted earnings per share stood at $0.54, also beating the analyst forecast of $0.52.
The telecom company reiterated its full-year 2025 financial outlook, anticipating consolidated service revenue growth in the low single-digit range. Adjusted EPS is forecast to be between $1.97 and $2.07, aligning with the analyst consensus estimate of $2.06.
Price Action: AT&amp;T shares rose 1.20% on Wednesday. The stock was up 21.55% year-to-date and 44.83% higher over the past year.
Benzinga Edge Stock Rankings show that AT&amp;T had a stronger price trend over the long term but a weaker trend over the short and medium terms. Its momentum ranking was solid, but its value ranking was moderate at the 37.89th percentile. The details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="159" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24020717/ATT-Edge-1024x159.png" alt="" class="wp-image-998345" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24020717/ATT-Edge-1024x159.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24020717/ATT-Edge-300x47.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24020717/ATT-Edge-768x119.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24020717/ATT-Edge.png 1165w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, ended higher on Wednesday. The SPY was up 0.85% at $634.21, while the QQQ advanced 0.46% to $563.81, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Thursday, the futures of the Dow Jones, S&amp;P 500, and Nasdaq 100 indices were trading mixed.
Read Next:
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46513468/bitcoin-miner-iren-could-surge-1572-as-sotp-valuation-pegs-300-target-hedge-fund-manager-eric-jackson-says-were-cooking-with-gas">Bitcoin Miner IREN Could Surge 1,572% As SOTP Valuation Pegs $300 Target — Hedge Fund Manager Eric Jackson Says, &#8216;We&#8217;re Cooking With Gas&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Jason Taylor AG via Shutterstock

Trump's 'Big, Beautiful Bill' Fuels AT&T's 5G, Fiber Expansion: 'We Intend To Invest More Rapidly In Next Generation Networks'

The Future Fund LLC's managing director, Gary Black, says Tesla Inc.‘s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) affordable Model Y trim level would offer the EV giant no ‘incremental volume.'
Check out the current price of<a href="https://benzinga.com/quote/tsla"> TSLA stock here</a>.
What Happened: The veteran investor took to social media platform X on Wednesday, following the earnings call, to weigh in on Tesla.
"The biggest negative (and as I've warned for months) is that the new affordable vehicle will be nothing more than a stripped-down Model Y at a lower price point," the investor said in his post.
He added that an affordable model in the Tesla lineup, without a new form factor like a hatchback or a pickup truck, would "cannibalize" the higher-priced trim levels. "This is marketing 101, but I'm not sure anyone in senior management gets this," Black said.
He also blamed the 4% decline in Tesla stock during after-hours trading on the adjusted Earnings Per Share being "10-15% too high" despite the "42% YTD reduction," he said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">To investors I spoke with, the biggest negative (and as I've warned for months) is that the new affordable vehicle will be nothing more than a stripped down Model Y at a lower price point. Absent a new form factor (e.g., hatchback, smaller pickup truck) a lower priced trim within… <a href="https://t.co/Nhl3V3vRkJ">pic.twitter.com/Nhl3V3vRkJ</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1948183769971675263?ref_src=twsrc%5Etfw">July 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Black also responded to a post on X that questioned his reasoning behind the cannibalization comments. The post argued that a new Model Y trim would serve different segments. Black, in response, said that he was a huge advocate for the Model Y when it first came out, when people drew comparisons with the Model 3.
&#8220;I told everyone who would listen Model Y was a different form factor (CUV) vs the Model 3 (small sedan) and predicted Model Y would be a huge success,&#8221; the investor said before adding that the situation is &#8220;totally different&#8221; for consumers presently.
<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">I've always been a huge advocate for Model Y. When the shorts bashed Model Y as an overgrown Model 3 in 2020, I told everyone who would listen Model Y was a different form factor (CUV) vs the Model 3 (small sedan) and predicted Model Y would be a huge success. I also made <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a>… <a href="https://t.co/3JzyFCuJxU">https://t.co/3JzyFCuJxU</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1948257398122037558?ref_src=twsrc%5Etfw">July 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: The news comes as Tesla shared its <a href="https://www.benzinga.com/markets/earnings/25/07/46587882/tesla-q2-earnings-highlights-revenue-and-earnings-fall-short-new-models-still-set-for-2025-2026">second-quarter earnings</a> on Wednesday, reporting a total revenue of $22.5 billion, a 12% YoY decline for Elon Musk&#8216;s EV giant.
The post from the investor echoes <a href="https://www.benzinga.com/markets/equities/25/07/46564789/gary-black-thinks-tesla-will-see-positive-stock-reaction-following-q2-investor-call-says-robotaxi-milestone-will-drive-investor-sentiment">his earlier comments</a> about the new Tesla model being an affordable Model Y. Black had said that such a model wouldn't be able to expand Tesla's total addressable market.
Tesla's sales have declined over the past year, with the company's sales slipping for the seventh consecutive quarter in the U.S. state of California. Latest data from the CNCDA, or California New Car Dealers Association, suggests sales <a href="https://www.benzinga.com/markets/tech/25/07/46565871/tesla-sales-drop-21-in-california-ahead-of-q2-earnings-market-share-slips-even-as-model-y-model-3-remain-top-evs">were down 21%</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="199" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24013613/TSLA-JUL-24-2025-1-1024x199.jpg" alt="" class="wp-image-998311" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24013613/TSLA-JUL-24-2025-1-1024x199.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24013613/TSLA-JUL-24-2025-1-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24013613/TSLA-JUL-24-2025-1-768x149.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24013613/TSLA-JUL-24-2025-1-1536x298.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24013613/TSLA-JUL-24-2025-1.jpg 1566w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla offers Satisfactory Momentum and Quality, while scoring well on the Growth metric, but offering poor Value. For more such insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46572391/elon-musks-tesla-recorded-one-crash-every-6-69-million-miles-driven-ev-maker-says-ahead-of-q2-earnings">Elon Musk&#8217;s Tesla Recorded &#8216;One Crash&#8217; Every 6.69 Million Miles Driven, EV Maker Says Ahead Of Q2 Earnings</a></li>
</ul>
Photo courtesy: VTT Studio / Shutterstock.com

Tesla's New Model Y Trim Won't Expand Market, Offers 'Zero Incremental Volume,' Says Gary Black

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) Chief Technology Officer Shyam Sankar reframed the artificial intelligence debate, arguing that artificial intelligence is unlocking new levels of creativity and productivity for America's workforce, not replacing it.
What Happened: On Wednesday, speaking on the All-In podcast, Sankar pushed back against the narrative that AI will lead to widespread job losses, especially for blue-collar workers.
"We should not be aspiring to build things that make workers 50% more efficient," Shankar said. "They're really 50 times more productive."
He described AI as a tool that gives "superpowers" to everyday workers—nurses, factory technicians, and frontline staff—by freeing them from administrative clutter and allowing them to focus on high-value tasks.
Sankar pointed to real-world examples, including Laura, a nurse from Tampa General Hospital, who described how AI changed the way she works and inspired new optimism for her children's future.
"The ultimate litmus test is not just how excited the American worker is to leverage AI, but how excited they are for their children to exist in an America that's embraced AI," he said.
See Also: <a href="https://benzinga.com/news/topics/25/07/46561841/women-climbed-the-corporate-ladder-then-watched-the-alpha-males-take-over-again" target="_blank" rel="noopener">Women Climbed The Corporate Ladder—Then Watched The &#8220;Alpha Males&#8221; Take Over Again</a>
<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="Winning the AI Race Part 1: Michael Kratsios, Kelly Loeffler, Shyam Sankar, Chris Power" width="500" height="281" src="https://www.youtube.com/embed/Nmw43vcSFhw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Why It Matters: The impact of AI on the job market has been a topic of intense debate. In an interview this month, NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang warned that <a href="https://www.benzinga.com/markets/tech/25/07/46380955/nvidia-ceo-jensen-huang-warns-ai-could-replace-jobs-if-innovation-stalls-if-the-world-runs-out-of-ideas">AI could lead to job losses</a> if industries fail to innovate. 
Similarly, ARK Invest CEO Cathie Wood has <a href="https://www.benzinga.com/markets/tech/25/07/46460054/cathie-wood-says-ai-is-hurting-entry-level-jobs-offers-advice-to-jobseekers-here-is-her-advice-for-those-joining-the-workforce">expressed concerns</a> over the disruptive impact of AI on entry-level roles, especially for new college graduates. 
Economist Craig Shapiro has also warned that the Federal Reserve&#8217;s traditional tool of interest rate cuts may not be enough to address the <a href="https://www.benzinga.com/markets/economic-data/25/06/46093421/ai-will-disrupt-25-of-us-jobs-by-2030-and-the-fed-cant-save-them-economist-warns">looming labor crisis</a> caused by AI&#8217;s structural impact on employment.
Read Next: 
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<li><a href="https://benzinga.com/news/topics/25/07/46590373/elon-musk-richest-man-alive-is-asked-how-he-feels-about-being-labeled-evil-billionaire-its-not-like-ive-got-some-massive-cash-balance" target="_blank" rel="noopener">Elon Musk, Richest Man Alive, Is Asked How He Feels About Being Labeled &#8216;Evil Billionaire&#8217; — &#8216;It&#8217;s Not Like I&#8217;ve Got Some Massive Cash Balance&#8217;</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.
Image Via Shutterstock

Equities

PLTR

Palantir's Shyam Shankar Says AI Won't Kill Jobs—It'll Give Blue-Collar Workers 'Superpowers' And Make Them 50X More Productive

Cathie Wood-led Ark Invest is betting on the transformative potential of smart contract Layer-1 tokens like Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) in decentralized finance, the company&#8217;s leading cryptocurrency analyst said on Wednesday.
What Happened: Lorenzo Valiente, Director of Research at Ark, described smart&nbsp;contract Layer-1 tokens as a &#8220;distinct and transformative asset class.&#8221;
He specifically discussed Ethereum, highlighting some of its properties, such as its ability to secure&nbsp;the on-chain economy via proof-of-stake,&nbsp;enable transactions and act&nbsp;as programmable collateral at the&nbsp;protocol layer.
&#8220;Given these unique properties, we're excited to explore purpose-built investment vehicles and strategies tailored to this emerging landscape,&#8221; Valiente said. Ark CEO Wood reposted his X post.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We think crypto, particularly smart contract L1 tokens, represents a distinct and transformative asset class. Ethereum stands out as foundational: it secures the on-chain economy via proof-of-stake, enables transactions, and acts as programmable collateral at the protocol layer.… <a href="https://t.co/8S7E22yH21">https://t.co/8S7E22yH21</a>
&mdash; Lorenzo Valente (@LorenzoARK) <a href="https://twitter.com/LorenzoARK/status/1948002026777976891?ref_src=twsrc%5Etfw">July 23, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also:&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46579590/altcoin-speculation-surges-is-crypto-headed-for-a-leverage-fueled-meltdown">Altcoin Speculation Surges: Is Crypto Headed For A Leverage-Fueled Meltdown?</a>
Why It Matters: Valiente&#8217;s remarks come in the wake of Ark&#8217;s major equity investment in BitMine Immersion Technologies Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BMNR#AMEX">BMNR</a>), a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46553678/cathie-wood-joins-crypto-heavyweights-in-backing-bitmines-ethereum-play">mining firm that recently transitioned</a> to an Ethereum-focused treasury strategy. Ark acquired nearly 4.8 million shares,&nbsp;valued at $182 million.
Thomas "Tom" Lee, Chairman of BitMine's Board of Directors, deemed Ethereum <a href="https://www.benzinga.com/markets/25/07/46375324/tom-lee-ethereum-not-solana-is-the-preferred-choice-for-jp-morgan-robinhood-circle-to-build-on">&#8220;the preferred choice for Wall Street,&#8221; </a>citing JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), which are building <a href="https://www.benzinga.com/markets/cryptocurrency/25/06/45998961/ethereum-l2-chosen-for-jpmorgans-new-step-in-public-blockchain-space">stable coin</a> and tokenization infrastructure on the network, respectively. Notably, the world's largest asset manager,&nbsp;BlackRock,&nbsp;also introduced its Ethereum-powered&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39863203/blackrocks-buidl-tokenization-fund-hits-500m-in-assets-under-management" target="_blank" rel="noreferrer noopener">tokenized U.S. Treasury product</a>, BUIDL, last year.
Price Action: At the time of writing, ETH was trading at $3,650.99, down 1.99% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.&nbsp;&nbsp;
BitMine shares closed 2.06% lower at $39.50 on Wednesday. Year-to-date, the stock has exploded 406%.
As of this writing, the stock demonstrated a very high Momentum score. Visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> to see how&nbsp;Strategy Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), the pioneer of cryptocurrency treasury, stacks up.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="447" height="190" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24013224/image-349.png" alt="" class="wp-image-998304" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24013224/image-349.png 447w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24013224/image-349-300x128.png 300w" sizes="(max-width: 447px) 100vw, 447px" /></figure>
Photo Courtesy: VPLAB On Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46567973/ethereum-treasury-company-trend-will-accelerate-says-bitwises-matt-hougan-heres-what-it-means-for-eths-price">Ethereum Treasury Company Trend &#8216;Will Accelerate&#8217;, Says Bitwise&#8217;s Matt Hougan—Here&#8217;s What It Means For ETH&#8217;s Price</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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Cathie Wood's Ark Invest Mulling 'Purpose-Built' Ethereum Investment Tools, Says Analyst After Firm Buys $180 Million Stake In Tom Lee-Led ETH Treasury Company

TotalEnergies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>) reported quarterly earnings of $1.57 per share which missed the analyst consensus estimate of $1.66 by 5.31 percent. This is a 20.71 percent decrease over earnings of $1.98 per share from the same period last year. The company reported quarterly sales of $49.63 billion which missed the analyst consensus estimate of $51.20 billion by 3.07 percent. This is a 7.66 percent decrease over sales of $53.74 billion the same period last year.

TotalEnergies Q2 Adj. EPS $1.57 Misses $1.66 Estimate, Sales $49.63B Miss $51.20B Estimate

Google-parent 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>) CEO Sundar Pichai has pushed back against fears of an <a href="https://www.benzinga.com/news/25/07/46337678/chamath-palihapitiya-agrees-with-a-social-media-user-who-says-while-meta-spends-200-million-a-year-to-poach-ai-talent-elon-musk-keeps-costs-low-but-still-manages-to-unveil-better-products">AI talent exodus</a>, saying the company remains competitive in attracting and retaining top talent.
What Happened: On Wednesday, during Alphabet's <a href="https://www.benzinga.com/markets/earnings/25/07/46587283/alphabet-q2-earnings-revenue-eps-beat-estimates-google-parent-raises-capex-outlook-due-to-strong-and-growing-cloud-demand">second-quarter earnings</a> call, Bernstein analyst Mark Shmulik asked Pichai about the latest reports highlighting high-profile AI talent departures.
Pichai responded by downplaying concerns, saying, "We've obviously always deeply invested in talent, including in AI talent for well over a decade now, and I think we have an extraordinary both breadth and depth of the talent."
"I do know individual cases can make headlines," he added, "but when we look at numbers deeply, I think we are doing very well through this moment."
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45807465/dan-ives-calls-musk-trump-feud-a-twilight-zone-moment-but-bullish-on-tesla-and-autonomous-future-not-good-for-either-side" target="_blank" rel="noreferrer noopener">Dan Ives Calls Musk-Trump Feud A ‘Twilight Zone Moment&#8217; But Bullish On Tesla And Autonomous Future: ‘Not Good For Either Side&#8217;</a>
He said that leading AI experts seek "mission-driven" work, access to high-performance compute, and the ability to collaborate with world-class peers—areas where he believes Google remains strong.
Alphabet CFO Anat Ashkenazi also weighed in, noting the company is strategically investing in talent and compute while driving operational efficiency.
"We make sure that we invest appropriately to have the best brightest minds in the industry sitting here at Google," she said.
Why It's Important: The comments come amid an ongoing industry-wide battle for AI researchers, with rivals like Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) <a href="https://www.benzinga.com/markets/tech/25/07/46563068/microsoft-raids-google-deepmind-to-supercharge-ai-copilot-even-as-redmond-cuts-9000-jobs-elsewhere-report">reportedly poaching talent</a> from Google DeepMind.
Alphabet reported second-quarter revenue of $96.43 billion, beating <a href="https://www.benzinga.com/calendars/earnings">analyst estimates</a>. Google Search alone brought in $54.19 billion.
Alphabet has also raised its capital expenditure forecast for 2025 to around $85 billion, citing "strong and growing demand" for its cloud products and services.
Price Action: In after-hours trading, Alphabet Inc.'s Class A shares rose 1.82% to $193.70, while Class C shares gained 1.72%, reaching $194.80, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings show that GOOG maintains strong upward momentum across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">Additional performance metrics can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24020318/Screenshot-2025-07-24-at-7.26.05%E2%80%AFAM-1.png" alt="" class="wp-image-998340" /></a></figure>
Read Next:
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Photo courtesy: Rokas Tenys / Shutterstock.com
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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Google CEO Sundar Pichai Shrugs Off Headling-Grabbing Exits Amid Talent War Hype: 'We Are Doing Very Well'

THAR

Reported Earlier, Tharimmune Prices $1.74M Registered Direct Offering Of 414,331 Common Shares, 559,910 Pre-Funded Warrants, And 974,241 Common Warrants At $1.786 Per Unit

The Company intends to use the net proceeds from the offering primarily for general working capital and corporate purposes, and for the repayment of debt.

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Reported Earlier, Sadot Group Prices Public Offering Of 2.5M Shares At $1.00 Per Share For $2.5M In Gross Proceeds

Germany GfK Consumer Climate For August -21.5 Vs. -19.4 Est.; -20.3 Prior

MARA

Reported Earlier, MARA Holdings Prices Upsized $950M Offering Of 0.00% Convertible Senior Notes Due 2032

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