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Inotiv

Inotiv Inc is a pharmaceutical development company specializing in nonclinical and analytical drug discovery, development services to the pharmaceutical, chemical, and medical device industries. It operates in two segments; Discovery and Safety Assessment (DSA) and Research Models and Services (RMS). Through the DSA segment, the company supports the discovery, nonclinical development, and clinical development needs of researchers and clinicians for small molecule drug candidates, biotherapeutics, and biomedical devices. Through the RMS segment, the company offers access to a wide range of small and large research models for basic research, drug discovery, development, and specialized models for specific diseases and therapeutic areas. The company earns maximum revenue from RMS Segment.

Inotiv Inc

Federal food-safety regulators on Tuesday issued a nationwide public-health alert for Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)-owned, Whole Foods&#8217; Organic Rancher ground beef after lab tests detected the potentially deadly E. coli O157:H7 strain.
What Happened: The U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) said the 1-pound vacuum-sealed packs bear establishment number "EST. 4027" and were processed May 22-23, 2025. Distributors in Connecticut, Georgia, Illinois and Maryland shipped the beef to Whole Foods Market stores coast-to-coast before the product left shelves.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8; Alert: FSIS Issues Public Health Alert for Ground Beef Products Due to Possible E. Coli O157:H7 Contamination <a href="https://t.co/mw3kymZ51H">https://t.co/mw3kymZ51H</a>
&mdash; USDA Food Safety &amp; Inspection Service (@USDAFoodSafety) <a href="https://twitter.com/USDAFoodSafety/status/1930229412395466894?ref_src=twsrc%5Etfw">June 4, 2025</a></blockquote>
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Investigators did not order a recall because stores no longer stock the item, but officials urged consumers to check refrigerators and freezers and not to consume any remaining packages.
See also: <a href="https://www.benzinga.com/news/politics/25/06/45786416/joe-biden-calls-trump-probe-a-distraction-from-disastrous-gop-bill-aiming-to-raise-costs-for-americans-all-to-pay-for-tax-breaks-for-the-ultra-wealthy">Joe Biden Calls Trump Probe A &#8216;Distraction&#8217; From &#8216;Disastrous&#8217; GOP Bill Aiming To Raise Costs For Americans: &#8216;All To Pay For Tax Breaks For The Ultra-Wealthy&#8217;</a>
What To Know: According to FSIS, E. coli O157:H7 can trigger dehydration, bloody diarrhea and severe abdominal cramps two to eight days after exposure, FSIS noted. The infection sometimes progresses to hemolytic uremic syndrome, which, according to the CDC, is a form of kidney failure that most often strikes children under 5 and older adults.
Anyone who develops those symptoms should seek emergency care, the agency said. The Centers for Disease Control and Prevention lists bloody stool, high fever and reduced urination as red-flag warnings.
FSIS opened its Meat and Poultry Hotline — 888-MPHotline (888-674-6854) and <a href="mailto:MPHotline@usda.gov">MPHotline@usda.gov</a> — for consumer questions. Shoppers can also review food-handling tips in a five-step process <a href="https://www.benzinga.com/news/24/04/38422180/us-warns-of-e-coli-risk-with-eating-ground-beef-how-to-keep-yourself-amid-usda-warning">highlighted by the CDC</a> after a previous recall on similar grounds. FSIS said it will monitor the situation and update guidance if illnesses emerge.
Ground-beef recalls and alerts surface regularly and experts say undercooking remains the leading risk factor for infection. Health officials recommend cooking ground beef to an internal temperature of 160°F.
Price Action: Amazon shares were up 0.74% at $207.23 on Wednesday and have climbed 11.2% over the past month, according to data from Benzinga Pro.
According to Benzinga Edge Stock Rankings, AMZN has positive momentum and strong growth, with a modest valuation. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">here to view the full stock breakdown</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="151" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05032938/amzn-edge-1024x151.png" alt="" class="wp-image-939299" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05032938/amzn-edge-1024x151.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05032938/amzn-edge-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05032938/amzn-edge-768x113.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05032938/amzn-edge.png 1368w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo Courtesy: Amado Claro on Shutterstock.com
Read next: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45786438/california-move-to-takeover-crypto-left-unclaimed-in-exchanges-spurs-debate-golden-state-robbing-citizens-or-just-following-precedents">California Move To Takeover Crypto Left Unclaimed In Exchanges Spurs Debate: Golden State Robbing Citizens Or Just Following Precedents?</a>

Health Care

General

AMZN

Organic Rancher Beef Supplied To Whole Foods Flagged For E.Coli, USDA  Urges Shoppers To Take This Action

News

CATY

Reported Earlier, Cathay General Bancorp Board Approves $150M Stock Buyback Plan After Concluding $125M Program In February 2025

BMNR

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Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is reportedly developing software for humanoid robots that could eventually take over the roles of delivery workers.
What Happened: Amazon is constructing a &#8220;humanoid park&#8221; at one of its San Francisco offices, where it will test the robots, The Information <a href="https://www.theinformation.com/articles/amazon-prepares-test-humanoid-robots-delivering-packages">reported </a>on Wednesday. The company is reportedly developing artificial intelligence software that will control these robots and plans to utilize hardware from other companies for testing purposes.
While Amazon is initially testing the robots in an indoor obstacle course, the possibility of real-world trials is also being discussed, the report added. It mentions that Amazon plans to test various humanoid robots, including one from China-based Unitree.
Amazon has been making significant strides in incorporating AI into its operations.&nbsp;The company recently revealed the formation of a new team within its Lab126 device unit dedicated to developing warehouse robots capable of handling multiple tasks. 
Amazon currently deploys over 20,000 Rivian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) electric vans for package deliveries, with plans to increase that number to 100,000 by decade's end. Although human drivers still operate the vans and handle deliveries, humanoid robots may soon take over the delivery aspect.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45785192/anthony-scaramucci-says-the-left-should-focus-on-why-it-lost-elon-musk-rather-than-demonizing-him-cr" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Says The Left Should Focus On Why It Lost Elon Musk Rather Than &#8216;Demonizing&#8217; Him: Credits Tesla CEO For &#8216;Enormously Positive&#8217; Impact On Humanity</a>
Why It Matters: Amazon&#8217;s move towards <a href="https://www.benzinga.com/markets/equities/25/05/45246262/amazon-unveils-revolutionary-robot-vulcan-with-sense-of-touch-to-handle-75-of-the-warehouse-items-people-will-always-be-part-of-the-equation">humanoid robots </a>for package delivery comes in the wake of the company unveiling a revolutionary robot, Vulcan, capable of handling approximately 75% of items in Amazon's warehouses. 
This aligns with the broader industry trend of integrating robotics into operations. Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk, for instance, has been vocal about the impact of humanoid robots on the <a href="https://www.benzinga.com/news/topics/25/05/45710538/elon-musk-says-humanoid-robots-will-start-impact">global economy</a>, predicting that they will start impacting countries&#8217; GDPs in 4 to 5 years.
Moreover, Billionaire investor Mark Andreessen&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45774499/elon-musks-optimus-could-herald-the-biggest-industry-in-history-billionaire-investor-marc-andreessen-says">recently said</a>, &#8220;Robotics is going to be the biggest industry in the history of the planet – it's going to be gigantic.&#8221; 
Benzinga's Edge Rankings place Amazon in the 79th percentile for quality and the 9th percentile for value, reflecting mixed performance. Check the detailed report <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>.&nbsp;
On a year-to-date basis, Amazon stock declined nearly 6%
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/topics/25/06/45768579/steve-bannon-says-elon-musks-doge-cuts-went-from-2-trillion-to-150-bilsteve-bannon-says-elon-musks-do" target="_blank" rel="noreferrer noopener">Steve Bannon Says Elon Musk&#8217;s DOGE Cuts Went From $2 Trillion To $150 BilSteve Bannon Says Elon Musk&#8217;s DOGE Cuts Went From $2 Trillion To $150 Billion And Now Nothing—&#8217;None Of This Makes Sense&#8217;</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.

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Markets

Tech

RIVN

TSLA

Package Drop By Robot? Amazon Pilots Humanoids In Rivian Vans: Report

Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) has signed a multi-year agreement with Graphite One as <a href="https://www.benzinga.com/news/topics/25/05/45708426/chinas-rare-earth-magnet-restrictions-threaten-auto-production-could-result-in-shutdown-of-assembly-lines-report">ongoing restrictions</a> on exports of critical materials by the Chinese government pose supply chain disruptions.
What Happened: "A supply chain of critical materials within the United States drives our nation&#8217;s economy," Lucid's Interim CEO Marc Winterhoff said in a statement released by the automaker on Wednesday.
The agreement stipulates Graphite One will supply Lucid and the EV maker's battery suppliers with natural graphite, "which will begin production in 2028," the statement notes.
Lucid has also reached an agreement with Syrah Resources to supply synthetic graphite to the automaker in 2026. These agreements "continue Lucid&#8217;s focus on strengthening its US-based supply chain and establishing local supply for critical minerals." the statement said.
Why It Matters: The ongoing trade tensions between Washington and Beijing have hit the global automotive industry hard, with several automakers warning that China's restrictions on critical minerals and rare earth metal exports could <a href="https://www.benzinga.com/markets/tech/25/06/45763345/amid-us-china-trade-war-global-automakers-warn-beijings-curbs-on-rare-earth-metals-could-significantly-impact-production">significantly impact production</a>.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk also recently highlighted the importance of a <a href="https://www.benzinga.com/markets/tech/25/06/45765168/elon-musk-says-localizing-supply-chains-key-to-mitigate-geopolitical-risk-amid-us-china-trade-tensions">domestic supply chain</a>, which the billionaire said could help mitigate geopolitical risks.
Amid the back and forth between the two superpowers, the Trump administration has accused Beijing of violating the <a href="https://www.benzinga.com/news/politics/25/06/45715447/xi-jinpings-china-dismisses-trumps-groundless-accusations-on-geneva-trade-deal-breach-vows-strong-retaliation">Geneva Trade Agreement</a>, which China firmly denies and has vowed retaliation.
<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="208" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05021438/LCID-JUN-5-2025-1024x208.jpg" alt="" class="wp-image-939198" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05021438/LCID-JUN-5-2025-1024x208.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05021438/LCID-JUN-5-2025-300x61.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05021438/LCID-JUN-5-2025-768x156.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05021438/LCID-JUN-5-2025-1536x312.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05021438/LCID-JUN-5-2025.jpg 1562w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
LCID scores satisfactorily on Momentum and Value metrics. 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</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:
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Photo courtesy: Ian Dewar Photography / Shutterstock.com

LCID

Tesla Rival Lucid Signs Deal To Secure Domestic Supply Of Graphite Amid China's Rare Earth Export Ban

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is reportedly making a big push for exclusive content in preparation for the launch of its new premium <a href="https://www.benzinga.com/general/gaming/24/07/39864501/meta-moves-ahead-with-quest-4-vr-headset-despite-layoffs-sets-release-date-report">virtual reality headset next year</a>, which aims to compete with Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Vision Pro.
What Happened: Meta is in talks with major entertainment companies like Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), A24 and other smaller production studios to secure exclusive immersive content for its upcoming VR device, <a href="https://www.wsj.com/business/media/meta-seeks-hollywood-deals-for-new-virtual-reality-headset-ef3db942">reported</a> the Wall Street Journal on Wednesday, citing people familiar with the matter.&nbsp;
The company is offering millions of dollars for episodic and standalone videos based on popular intellectual properties.
Meta hopes this content will help draw users to its new headset, internally known as "Loma," which is expected to feature higher-fidelity video and a <a href="https://www.benzinga.com/24/12/42659936/meta-plans-display-equipped-ray-ban-glasses-by-2025-aiming-to-replace-smartphones">design similar to Meta's</a> Ray-Ban AI glasses.&nbsp;
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/04/45090992/mark-zuckerberg-warns-of-serious-disadvantage-as-chinas-data-center-blitz-could-let-deepseek-leapfrog-us-ai-labs" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Warns Of ‘Serious Disadvantage' As China's Data-Center Blitz Could Let DeepSeek Leapfrog US AI Labs</a>
The device is expected to be priced under $1,000, a more affordable option compared to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36773354/3-500-apple-headset-no-problem-apple-vision-pro-blows-past-expectations-wedbush-upg">the $3,500 Vision Pro</a>.
Why It's Important: Apple did not pay entertainment companies for content to support the launch of its Vision Pro headset. Instead, it created its own <a href="https://www.benzinga.com/general/entertainment/24/05/38979286/marvels-what-if-an-immersive-story-to-debut-on-apple-vision-pro-heres-what-fans-can-expect-">exclusive immersive experiences</a>, such as a concert featuring The Weeknd.
However, high pricing, the device's weight and a shortage of compelling new apps have led to underwhelming sales.
Meanwhile, Meta has been heavily investing in virtual reality for over ten years. Its Quest headsets—developed after the company acquired Oculus in 2014—remain the top sellers in the VR market, although they've yet to achieve widespread adoption, the report added.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Meta's smart Ray-Ban glasses, which incorporate AI features, have begun to <a href="https://www.benzinga.com/25/04/44599475/meta-is-planning-to-drop-1000-smart-glasses-to-disrupt-apples-ar-ambitions-report">resonate with consumers</a>. As of February, Meta had sold two million units since their debut in 2021, according to EssilorLuxottica, the eyewear firm collaborating on the product.
All these products fall under Meta's Reality Labs division, which focuses on virtual and augmented reality. The unit posted a $17.7 billion loss last year on $2.1 billion in revenue, the report said.
Price Action: Meta's shares have risen 14.80% so far this year. At the time of writing, the stock was trading at $688.34 in after-hours, reflecting a slight increase of 0.057%, based on data from <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Benzinga&#8217;s Edge Stock Rankings underscore Meta&#8217;s solid price momentum over 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/2025/06/05025937/Screenshot-2025-06-05-at-12.27.57%E2%80%AFPM.png" alt="" class="wp-image-939251" /></a></figure>
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo Courtesy: Skorzewiak on Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
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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.

Media

AAPL

Meta Is Talking Exclusive VR Content With Disney, Other Hollywood Studios As It Prepares To Launch Its Apple Vision Pro Rival: Report

Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) reported quarterly earnings of $0.32 per share. This is a 700 percent increase over earnings of $0.04 per share from the same period last year. The company reported $347.40 million in sales this quarter. This is a 2.03 percent decrease over sales of $354.61 million the same period last year.

Earnings

MOMO

Hello Gr Q1 Adj. EPS $0.32 Up From $0.04 YoY, Sales $347.40M Down From $354.61M YoY

Under the terms of the agreement, the parties will be jointly responsible for developing and manufacturing the biosimilar candidate and sharing costs and responsibilities. Subject to certain exceptions, each party will have the right to commercialize the product globally.

ALVO

Alvotech And Dr. Reddy's Sign Agreement To Co-Develop And Commercialize Biosimilar To Keytruda Worldwide

VNRX

Reported Earlier, Volition To Present Nu.Q Vet Cancer Test Findings At AMAMS 2025, Highlighting Diagnostic Utility In Canine Oncology

Faraday Future Intelligent Electric Inc. - Class A Common Stock

FFAI

Reported Earlier, Faraday Future Announces B2B Milestone With FX Super One Orders And Support From US Dealers And MCN Companies

California lawmakers passed a bill Wednesday allowing the authorities to take control of cryptocurrency from exchanges after three years of inactivity under the Unclaimed Property Law.
What happened: The bill, which proposes to regulate digital asset financial activities, states that "intangible property" held in a cryptocurrency account will become state property if the holder fails to complete an &#8220;act of ownership interest&#8221; within three years.
These acts include making a transaction, i.e., buying, selling, depositing or withdrawing, and accessing the account electronically, among others.
The draft legislation passed the Assembly and will now proceed to the California Senate.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — &#8216;Gold Used To Be That Money, BTC Is The Challenger&#8217;</a>
The development riled up the cryptocurrency community, with several X users deeming it a seizure of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) by the state.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">California just passed a bill to seize <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> left idle on exchanges. After 3 years of inactivity, assets can be taken by the state under &#39;Unclaimed Property&#39; laws. Bill now heads to the Senate. Hilarious. California always finding ways to rob it's citizens.
&mdash; Jason Ai. Williams (@GoingParabolic) <a href="https://twitter.com/GoingParabolic/status/1930319632142836078?ref_src=twsrc%5Etfw">June 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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However, Dennis Porter, co-founder of Bitcoin advocacy group Satoshi Action Fund, dismissed these interpretations as inaccurate.
"All state have unclaimed property laws similar to this. What California did was say "any lost bitcoin we hold for users will be kept in bitcoin instead of liquidated to cash," Porter stated. &#8220;They don't keep it for themselves.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is not accurate at all. All state have unclaimed property laws similar to this. What California did was say "any lost bitcoin we hold for users will be kept in bitcoin instead of liquidated to cash". They don't keep it for themselves.
&mdash; Dennis Porter (@Dennis_Porter_) <a href="https://twitter.com/Dennis_Porter_/status/1930376677680656478?ref_src=twsrc%5Etfw">June 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The debate <a href="https://www.benzinga.com/markets/cryptocurrency/25/06/45773693/bitcoin-price-holds-above-105k-as-corporate-buys-signal-strong-demand-california-bill-pass">over the bill follows</a> the passing of a bill in the California Assembly, which would allow state departments to take Bitcoin under the Digital Financial Assets Law.
An expert that Benzinga talked to earlier said that seizing an individual's cryptocurrency, like Bitcoin, would be a "logistically and legally complex operation" <a href="https://www.benzinga.com/24/12/42282144/will-your-bitcoin-holdings-be-at-risk-if-trump-establishes-a-national-reserve-analyst-says-government-can-employ-carrot-and-stick-policy">given its decentralized nature</a>.&nbsp;
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $104,690.58, down 0.75% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Photo Courtesy: PalSand on Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45739199/american-politicians-dont-believe-bitcoin-can-co-exist-peacefully-with-the-dollar-says-this-popular-btc-maximalist-heres-why">American Politicians Don&#8217;t Believe Bitcoin Can &#8216;Co-Exist Peacefully&#8217; With The Dollar, Says This Popular BTC Maximalist: Here&#8217;s Why</a></li>
</ul>

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

Cryptocurrency

Government

Regulations

$BTC

California Move To Takeover Crypto Left Unclaimed In Exchanges Spurs Debate: Golden State Robbing Citizens Or Just Following Precedents?

President Donald Trump on Wednesday barred nearly all immigration and travel from Afghanistan, Myanmar, Chad, the Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen, citing poor vetting and terrorism threats.
What Happened: The proclamation also restricts some visas for Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela, blocking new green-card seekers and tightening rules for certain visitors. The order, effective 12:01 a.m. EDT Monday, June 9, does not cancel visas already issued but stops new applications after that deadline.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;We cannot have open migration from any country where we cannot safely and reliably vet and screen&#8230; That is why today I am signing a new executive order placing travel restrictions on countries including Yemen, Somalia, Haiti, Libya, and numerous others.&quot; –President Trump <a href="https://t.co/ER7nGM4TO2">pic.twitter.com/ER7nGM4TO2</a>
&mdash; The White House (@WhiteHouse) <a href="https://twitter.com/WhiteHouse/status/1930412786271547485?ref_src=twsrc%5Etfw">June 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Trump said in an official video address that the recent <a href="https://www.benzinga.com/cannabis/25/06/45713348/fbi-investigating-boulder-attack-as-targeted-terror-incident">Boulder attack</a> "underscored the extreme dangers" of admitting foreigners who overstay their visas; Egypt, the suspect's homeland, is not on the list.
See also: <a href="https://www.benzinga.com/news/politics/25/06/45785851/elizabeth-warren-says-trumps-one-big-beautiful-bill-will-rip-away-health-coverage-from-16-million-americans-just-so-jeff-bezos-can-buy-a-third-ya">Elizabeth Warren Says Trump&#8217;s &#8216;One Big Beautiful Bill&#8217; Will &#8216;Rip Away&#8217; Health Coverage From 16 million Americans — Just So Jeff Bezos Can Buy A Third Yacht</a>
White House deputy press secretary Abigail Jackson added in a statement <a href="https://www.cbsnews.com/news/trump-signs-travel-ban-multiple-countries/">shared</a> with CBS that the "commonsense restrictions" target countries that "lack proper vetting, exhibit high visa-overstay rates, or fail to share threat information."
What To Know: Exemptions cover U.S. permanent residents, diplomats, athletes, Afghans who aided American forces and dual citizens traveling with a passport from an unrestricted country. Trump said he would lift the bans if governments make material improvements and also warned he could add nations as new threats emerge.
According to a separate Associated Press <a href="https://apnews.com/article/trump-travel-ban-adeaec442cb0f00f4f8a34d208118445">report</a>, immigration advocates condemned the fresh ban, recalling the 2017 "Muslim ban" that roiled airports before the Supreme Court upheld a revised version in 2018.
Trump's allies say tougher vetting fulfils his <a href="https://www.benzinga.com/news/23/11/35740514/trumps-deportation-pledge-marjorie-taylor-greenes-push-to-cut-buttigiegs-salary-and-elon-musks-react">campaign pledge</a> and mirrors his earlier vow for an <a href="https://www.benzinga.com/news/23/11/35691082/donald-trump-says-at-florida-rally-that-hell-conduct-the-largest-domestic-deportation-in-american-hi">expanded travel ban</a>.
Photo Courtesy: Tatjana Meininger on Shutterstock.com
Read next: <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45785672/trump-is-pleased-because-he-finally-agrees-with-elizabeth-warren-on-something-scrap-the-debt-limit-to-prevent-an-economic-catastrophe">Trump Is Pleased Because He Finally Agrees With Elizabeth Warren On Something: Scrap The Debt Limit To Prevent An &#8216;Economic Catastrophe&#8217;</a>

Legal

Trump Shuts The Door On Permanent Immigration And Most Visas From These 12 Nations

Former President&nbsp;Joe Biden&nbsp;has refuted allegations made by President&nbsp;Donald Trump&nbsp;concerning his mental health and the use of an autopen for signing official documents, dismissing them as a mere distraction.
What Happened: On Wednesday, Trump launched a probe into Biden&#8217;s team, whom he alleges were hiding his &#8220;cognitive decline&#8221; and questioned the authenticity of his use of an autopen for signing pardons and other documents.
In a statement emailed to various media outlets, Biden clarified, &#8220;This is nothing more than a distraction by Donald Trump and Congressional Republicans who are working to push disastrous legislation that would cut essential programs like Medicaid and raise costs on American families, all to pay for tax breaks for the ultra-wealthy and big corporations,&#8221;&nbsp;<a href="https://www.axios.com/2025/06/05/biden-trump-autopen-investigation-mental-fitness">reported </a>Axios.
Biden has regularly used an autopen for signing official documents, a practice that is standard&nbsp;and has been validated by&nbsp;the courts. This practice has been in use in the White House since Thomas Jefferson&#8216;s tenure in 1801, without any prior controversy.
Despite this, Trump criticized the practice during his tirade on Wednesday, even though past presidents have used various forms of the autopen as technology evolved. SEE ALSO: <a href="https://benzinga.com/crypto/cryptocurrency/25/06/45784755/elon-musk-who-called-trumps-one-big-beautiful-bill-a-disgusting-abomination-responds-to-coinbase-ceos-warning-that-bitcoin-could-replace-dollar" target="_blank" rel="noreferrer noopener">Elon Musk, Who Called Trump&#8217;s &#8216;One Big Beautiful Bill&#8217; A &#8216;Disgusting Abomination,&#8217; Responds To Coinbase CEO&#8217;s Warning That Bitcoin Could Replace Dollar If Congress Isn&#8217;t Held Accountable &#8211; Benzinga</a>
Why It Matters: This latest development adds to the ongoing saga of Trump&#8217;s unsubstantiated claims about Biden.&nbsp;Earlier this month, he shared an unfounded <a href="https://www.benzinga.com/cannabis/25/06/45713593/trump-shares-baseless-theory-about-bidens-alleged-execution-and-subsequent-robotic-replacement-in-2020">conspiracy theory </a>on Truth Social, claiming that Biden was executed in 2025 and replaced by clones or robots.
Biden has faced growing scrutiny over his health in the weeks since his diagnosis with Stage 4 prostate cancer while in office.
Earlier in May 2025, Biden criticized Trump&#8217;s rhetoric and <a href="https://www.benzinga.com/25/05/45278880/biden-says-trump-is-not-behaving-like-a-republican-president-slams-his-words-as-beneath-america-adds-thats-not-who-we-are-and-warns-of-his-modern-day-appeasement-of-putin">foreign policy</a> in an interview with BBC's Nick Robinson. He expressed disapproval of Trump&#8217;s remarks about possibly acquiring Greenland or making Canada the 51st state.
These events highlight the ongoing tension between the two political figures, with Trump&#8217;s allegations serving as a distraction, according to Biden, from pressing issues facing the nation.
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<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45785192/anthony-scaramucci-says-the-left-should-focus-on-why-it-lost-elon-musk-rather-than-demonizing-him-cr" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Says The Left Should Focus On Why It Lost Elon Musk Rather Than &#8216;Demonizing&#8217; Him: Credits Tesla CEO For &#8216;Enormously Positive&#8217; Impact On Humanity</a></li>
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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

Joe Biden Calls Trump Probe A 'Distraction' From 'Disastrous' GOP Bill Aiming To Raise Costs For Americans: 'All To Pay For Tax Breaks For The Ultra-Wealthy'

Jeffrey Epstein invested $40 million in Peter Thiel&#8216;s Valar Ventures during 2015-2016, creating what has become the largest remaining asset in the deceased financier&#8217;s estate.
What Happened: The investment, now valued at approximately $170 million according to confidential estate documents reviewed <a href="https://www.nytimes.com/2025/06/04/business/jeffrey-epstein-peter-thiel-estate.html">by</a> The New York Times, represents a 325% return over nearly a decade.
The previously undisclosed investment in Valar Ventures, co-founded by Silicon Valley billionaire Thiel, specializes in providing startup capital to financial services technology companies. 
Epstein&#8217;s estate analysis shows this holding as the primary asset among roughly $200 million in total remaining estate value, six years after his suicide in federal custody while awaiting sex-trafficking charges.
Aaron Curtis, a Valar spokesman, confirmed the investment occurred after a 2014 meeting when Epstein was considered &#8220;a well-known adviser to world leaders, top universities and philanthropic organizations,&#8221; according to the report. 
The firm, led by Andrew McCormack and James Fitzgerald, expressed hope the eventual distribution could help victims &#8220;move forward with their lives.&#8221;
However, roughly 200 victims who already received settlements ranging from $500,000 to $2 million signed broad releases preventing future claims, according to the report.
See Also: <a href="https://www.benzinga.com/markets/commodities/25/06/45784952/jim-cramer-says-the-chinese-could-really-hurt-us-as-beijing-tightens-grip-on-rare-earth-magnets-warns-of-threat-to-everything-from-autos-to-data-centers">Jim Cramer Says The Chinese &#8216;Could Really Hurt Us&#8217; As Beijing Tightens Grip On Rare Earth Magnets: Warns Of Threat To &#8216;Everything&#8217; From Autos To Data Centers</a>
Why It Matters: The venture capital investment remains locked up under typical fund restrictions, preventing immediate cash distribution. When Epstein died, his estate totaled approximately $600 million, including luxury properties, artwork, and investments. The estate received a $111.6 million IRS tax refund last fall, boosting current assets to $131 million as of March, according to the report.
This revelation comes as Palantir Technologies Inc., co-founded by Thiel, faces scrutiny over claims it supported federal data collection efforts under the Trump administration, according to The New York Times. Thirteen former employees have called on the company to cut ties with the administration, citing privacy concerns — <a href="https://www.benzinga.com/markets/tech/25/06/45764231/palantir-says-it-doesnt-unlawfully-spy-on-americans-calls-report-alleging-use-by-trump-administration-for-surveillance-blatantly-untrue">claims Palantir has denied</a>.
The estate&#8217;s final distribution awaits resolution of one remaining federal class-action lawsuit. Once settled, assets will transfer according to Epstein&#8217;s will, potentially ending one of the most scrutinized estate cases in recent financial history.
Read Next: 
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<li><a href="https://www.benzinga.com/news/politics/25/06/45785851/elizabeth-warren-says-trumps-one-big-beautiful-bill-will-rip-away-health-coverage-from-16-million-americans-just-so-jeff-bezos-can-buy-a-third-ya">Elizabeth Warren Says Trump&#8217;s &#8216;One Big Beautiful Bill&#8217; Will &#8216;Rip Away&#8217; Health Coverage From 16 million Americans — Just So Jeff Bezos Can Buy A Third Yacht</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.
Photo courtesy: Copyright Lawrey / Shutterstock.com

Jeffrey Epstein's $40 Million Bet On Peter Thiel's Capital Firm Is Now Worth $170 Million: But His Victims Probably Won't See A Dime

HSDT

Reported Earlier, Helius Medical Technologies Prices $9.1M Public Offering Of 2,768,600 Class A Common Stock And Warrants At $3.27 Per Unit

Reported Earlier, Alvotech Raises SEK 750M (~$71.25M) Through Private Placement Of SDRs And Ordinary Shares To Swedish And Global Institutional Investors

<ul>
<li>Industry leaders form groundbreaking alliance to help drive the end-to-end production of SAF from biomass and municipal waste</li>
<li>Joint technology offering leverages proven solutions to address the global need for feedstock diversity in SAF production</li>
<li>Integrated solutions can reduce time from feasibility study to facility startup by more than 15%, and result in a 5-10% capital cost savings &nbsp;</li>
</ul>

Honeywell-Led SAF Alliance Targets Full-Service Delivery Model For Turning Municipal Waste And Biomass Into Clean Aviation Fuel

ADXN

Addex Therapeutics To Present Preclinical Data On GABAB Positive Allosteric Modulator Showing Antitussive Effects In Guinea Pig Cough Models At 10th American Cough Conference

Macro Economic Events

Econ #s

Economics

Germany Factory Orders (MoM) For April 0.6% Vs. -1.5% Est.; 3.4% (Revised) Prior

President Donald Trump's 50% Tariff on steel imports could drive up the costs for auto manufacturers in the U.S. as the sector scrambles to restructure its supply chain.
What Happened: Trump's decision to impose the tariffs will push prices higher in the auto industry, Bloomberg's Matthew Miller said in <a href="https://www.msnbc.com/11th-hour/watch/trump-aluminum-steel-tariffs-inject-fresh-fear-into-auto-industry-240846917787">an</a> interview with MSNBC.
"Steel represents about 2800 pounds of each car," Miller said in the interview. "It's over a $1,000, almost $2,000 of cost for each car and it's getting back to record prices because of these tariffs." He added.
He then went on to mention that a ton of hot, rolled steel could cost the automakers almost $1,000 extra, which will push the prices up.
Why It Matters: The news comes in as Trump recently backed United States Steel Corp.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) <a href="https://www.benzinga.com/news/topics/25/05/45708977/trump-doubles-steel-tariffs-to-50-saying-it-will-secure-american-jobs-backs-us-steels-takeover-by-japans-nippon">takeover by Japan's Nippon Steel</a>, while saying that the 50% steel tariffs would "further secure the steel industry in the United States."
Earlier, the president had imposed a<a href="https://www.benzinga.com/markets/equities/25/03/44269301/trumps-25-tariffs-on-steel-and-aluminum-imports-take-effect-eu-retaliates-us-steel-nucor-century-aluminum-and-other-domestic-stocks-cheer"> 25% tariff on steel imports</a> into the U.S., which drew criticism from major U.S. allies globally as well as automakers in the country.
Tariffs have been a tricky affair for automakers to navigate, with several major players <a href="https://www.benzinga.com/news/guidance/25/05/45133096/this-is-how-much-it-will-cost-general-motors-from-trumps-tariff-policy">reporting increased costs </a>as well as pulling earnings guidance for the year due to tariff uncertainty.
However, the tariffs have also found support among some companies, with General Motors Co. CEO Mary Barra <a href="https://www.benzinga.com/25/05/45664131/general-motors-ceo-backs-trumps-auto-tariffs-as-a-tool-to-level-the-playing-fieldtheyve-taken-the-time-to-understand-our-industry">hailing the tariffs</a> as a positive development. "Tariffs is one tool that the administration can use to level the playing field," Barra recently said in an interview.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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</ul>
Photo courtesy: Joey Sussman / Shutterstock.com

Trump's 50% Steel Tariff Could Drive Up The Costs For Automakers: 'Almost $2,000 Of Cost For Each Car'

Press Releases

Inotiv Reports Fourth Quarter and Full Year Financial Results for Fiscal 2024 and Provides Business Update

Financing

Inotiv, Inc. Launches Proposed Public Offering of Common Shares

Inotiv, Inc. Announces Pricing of Public Offering of 6,000,000 Common Shares

Inotiv, Inc. Completes Equity Offering for Net Proceeds of Approximately $24.0 Million

Inotiv, Inc. Completes Equity Offering for Net Proceeds of Approximately $3.6 Million

Inotiv, Inc. to Report Fiscal 2025 First Quarter Financial Results and Host Conference Call on Wednesday, February 5, 2025

Inotiv Reports First Quarter Financial Results for Fiscal 2025 and Provides Business Update

Inotiv, Inc. to Report Fiscal 2025 Second Quarter Financial Results and Host Conference Call on Wednesday, May 7, 2025

Inotiv Reports Second Quarter Financial Results for Fiscal 2025 and Provides Business Update

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