OneConnect Financial Tech Bolsa (NYSE: OCFT)

OneConnect Financial Tech (NYSE:OCFT) Bolsa

OneConnect Financial Tech

OneConnect Financial Technology Co Ltd is a technology-as-a-service provider for the financial services industry. It integrates extensive expertise in the industry with market technology to provide technology applications and technology-enabled business services to financial institutions. The integrated solutions and platforms it provides include digital banking solutions, digital insurance solutions, and the Gamma Platform, a technology infrastructure platform for financial institutions. Geographically, the company generates substantially all of its revenue from its business in the People's Republic of China (PRC).

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) experienced a surge in sales in China during the month of June amid <a href="https://www.benzinga.com/markets/tech/25/06/46087914/teslas-europe-sales-slide-for-5th-straight-month-elon-musk-led-ev-giants-market-share-shrinks-to-1-3">declining sales</a> in other markets.
What Happened: Elon Musk's EV giant sold 61,000 units in the Chinese domestic market, a 3.7% YoY increase from the same time last year, according to data obtained by Reuters on Thursday.
Tesla sales also jumped 59% in China when compared to sales in May, the report suggests.
Why It Matters: The news comes as Tesla reported better-than-expected Q2 delivery results with <a href="https://www.benzinga.com/markets/tech/25/07/46238590/tsla-stock-surges-5-as-q2-deliveries-better-than-feared-gary-black-explains-why-elon-musk-led-tesla-fared-better-than-markets-worst-fears">over 384k deliveries</a>, largely driven by the Tesla Model 3 and the Tesla Model Y.
The sales surge in China could provide a major boost to Musk and Tesla amid a 60% decline in <a href="https://www.benzinga.com/markets/tech/25/07/46189042/elon-musk-led-teslas-european-woes-worsen-with-sales-down-over-60-in-sweden-and-denmark">Swedish and Danish</a> sales, as well as poor <a href="https://www.benzinga.com/markets/tech/25/06/46162850/tesla-sales-in-canada-have-dropped-to-nearly-zero-says-researcher-expects-elon-musk-led-ev-giant-may-report-losses-starting-2026">sales figures in Canada</a>.
The news also coincides with Musk assuming oversight of Tesla's sales operations in the West in Europe and the U.S. after Omead Afshar's <a href="https://www.benzinga.com/markets/tech/25/06/46132042/teslas-q2-sales-going-to-s-says-gary-black-after-tsla-north-america-and-europe-chief-omead-afshars-exit">exit from the company</a>.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="198" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03025201/TSLA-JUL-3-2205-2-1024x198.jpg" alt="" class="wp-image-971454" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03025201/TSLA-JUL-3-2205-2-1024x198.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03025201/TSLA-JUL-3-2205-2-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03025201/TSLA-JUL-3-2205-2-768x148.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03025201/TSLA-JUL-3-2205-2-1536x297.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03025201/TSLA-JUL-3-2205-2.jpg 1554w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla offers satisfactory Momentum and Quality, while scoring well on the Growth metric, but the stock offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46216023/after-trump-warns-elon-musk-to-close-up-shop-china-rallies-behind-worlds-richest-man-theres-no-need-to-keep-putting-up-with-it">After Trump Warns Elon Musk To &#8216;Close Up Shop,&#8217; China Rallies Behind World&#8217;s Richest Man: &#8216;There&#8217;s No Need To Keep Putting Up With It&#8217;</a></li>
</ul>
Photo courtesy: VTT Studio / Shutterstock.com

Tech

TSLA

Elon Musk's Tesla Sales Surge 3.7% In China As Other Markets Cool

Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) will release earnings results for the second quarter, after the <a href="https://www.benzinga.com/quote/LEVI">closing bell on Thursday, July 10.</a>
Analysts expect the San Francisco, California-based company to report quarterly earnings at 13 cents per share, down from 16 cents per share in the year-ago period. Levi Strauss projects to report quarterly revenue of $1.37 billion, compared to $1.44 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On May 20, Levi Strauss entered into definitive agreement to sell Dockers&#xAE; to Authentic Brands Group.
Levi Strauss shares gained 1.9% to close at $19.23 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/levi/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Citigroup analyst Paul Lejuez maintained a Neutral rating and raised the price target from $14 to $19 on May 21, 2025. This analyst has an accuracy rate of 65%.</li>
<li>Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating and increased the price target from $19 to $21 on May 15, 2025. This analyst has an accuracy rate of 60%.</li>
<li>Wells Fargo analyst Ike Boruchow maintained an Overweight rating and boosted the price target from $20 to $22 on May 14, 2025. This analyst has an accuracy rate of 71%.</li>
<li>Morgan Stanley analyst Alex Straton maintained an Equal-Weight rating and cut the price target from $17 to $16 on April 9, 2025. This analyst has an accuracy rate of 65%.</li>
<li>Stifel analyst Drew Crum maintained a Buy rating and cut the price target from $25 to $20 on April 8, 2025. This analyst has an accuracy rate of 69%</li>
</ul>
Considering buying LEVI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/LEVI/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="568" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03034156/image-33-1024x568.png" alt="" class="wp-image-971530" style="width:640px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03034156/image-33-1024x568.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03034156/image-33-300x166.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03034156/image-33-768x426.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03034156/image-33.png 1140w" 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/25/07/46218519/jim-cramer-gives-utilities-stock-a-week-says-doge-not-done-clobbering-booz-allen">Jim Cramer Gives Utilities Stock &#8216;A Week,&#8217; Says DOGE &#8216;Not Done Clobbering&#8217; Booz Allen</a> </li>
</ul>
Photo via Shutterstock

Earnings

News

Price Target

Markets

Analyst Ratings

Trading Ideas

LEVI

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

<ul>
<li>Polestar selects Volvo Cars as development and manufacturing partner for Polestar 7</li>
<li>Utilising Group architectures enables access to the latest technologies, in a cost-efficient manner</li>
<li>Polestar 7 planned to be launched in 2028</li>
</ul>

PSNY

VLVLY

Polestar Selects Volvo Cars As Manufacturing Partner For Polestar 7, Expanding European Footprint

Mark Zuckerberg, the CEO of Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), was allegedly asked to leave a meeting in the Oval Office due to security clearance issues.
What Happened: Zuckerberg, who was at the White House to meet with President Donald Trump, unexpectedly walked into a meeting about the F-47 stealth fighter jet, <a href="https://www.nbcnews.com/politics/donald-trump/fox-news-maga-hats-cookies-trump-west-wing-rcna214754">NBC</a> News reported on Wednesday. The Facebook founder was reportedly asked to wait outside due to concerns about his security clearance.
However, a senior Trump official refuted the claim that Zuckerberg was asked to leave the Oval Office.&nbsp;He told The New York Post&nbsp;that the situation was &#8220;mischaracterized.&#8221; &#8220;He was not asked to leave,&#8221; the official said. &#8220;He&nbsp;popped in to say hello&nbsp;at the president's request, and&nbsp;then left to wait for&nbsp;his meeting with POTUS to&nbsp;begin, which was scheduled to&nbsp;occur after the meeting with&nbsp;the pilots.&#8221;
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/politics/25/07/46237506/trump-says-jerome-powell-should-resign-immediately-after-fhfa-director-alleges-fed-chair-lied-about" target="_blank" rel="noreferrer noopener">Trump Says Jerome Powell Should &#8216;Resign Immediately&#8217; After FHFA Director Alleges Fed Chair Lied About $2.5 Billion Renovation Plan</a>
Why It Matters: This incident comes amid a series of events that have linked&nbsp;Mark Zuckerberg&nbsp;and&nbsp;Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) to the Trump administration. Meta insiders revealed that Zuckerberg&#8217;s apparent alignment with the <a href="https://www.benzinga.com/markets/tech/25/06/46050532/mark-zuckerbergs-maga-pivot-driven-by-elon-musk-envy-image-goals-say-betrayed-meta-insiders-report">MAGA movement</a> had left many of his colleagues feeling &#8220;grieving,&#8221; with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk&#8216;s popularity being a major motivating factor. 
This shift in Zuckerberg&#8217;s public image followed a suggestion by Trump that Meta could invest up to <a href="https://www.benzinga.com/markets/25/03/44323127/trump-suggests-meta-may-invest-up-to-60-billion-in-the-us-by-the-end-of-2025">$60 billion</a> in the US by the end of 2025.
In June, Meta Platforms and other American Big Tech were relieved as Canada&nbsp;rescinded its <a href="https://www.benzinga.com/markets/tech/25/06/46161429/canada-rescinds-digital-services-tax-after-trump-calls-it-a-blatant-attack-on-america">Digital Services Tax</a>&nbsp;after Trump called it a &#8220;blatant attack&#8221; on America, a move that was seen as a step towards mending bilateral relations. 
On a year-to-date basis, Meta stock surged 19.08%.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://www.benzinga.com/markets/tech/25/07/46216611/openais-sam-altman-hints-at-compensation-evaluation-amid-metas-distasteful-ai-talent-poaching-spree-report">OpenAI&#8217;s Sam Altman Hints At Compensation Evaluation Amid Meta&#8217;s &#8216;Distasteful&#8217; AI Talent Poaching Spree: Report</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.

Mark Zuckerberg Reportedly Crashes Donald Trump's Oval Office F-47 Jet Briefing, Asked To Leave—White House Says Situation 'Mischaracterized'

The Libertarian National Committee has made a bold pitch to Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk, urging the billionaire to join their ranks and avoid the challenges of launching a new party.
What Happened: The Libertarian Party, led by Chair&nbsp;Steven Nekhaila, has reached out to Musk, proposing that he join their party instead of creating a new one,&nbsp;<a href="https://www.politico.com/news/2025/07/02/libertarian-chair-asks-elon-musk-to-join-them-00436172?cdmc=2zK7JEWyzG9KT9ldeUIHAGDJRlx&amp;refcode2=2zK7JEWyzG9KT9ldeUIHAGDJRlx&amp;refcodecdmc=2zK7JEWyzG9KT9ldeUIHAGDJRlx">reported</a>&nbsp;Politico. Nekhaila believes that the Libertarian Party is best positioned to be a disruptive force and that Musk&#8217;s financial backing could significantly advance their cause.
"Making a new third party would be a mistake," Nekhaila told the publication. 
Musk, who has previously invested over $250 million in the 2024 election, primarily through his America PAC, has not yet responded to the invitation. Meanwhile, Libertarian Party, with an annual budget of $1 million to $3 million are actively trying to reach out to him, especially given his recent support for Republican Rep. Thomas Massie, who is known for his libertarian views.
Nekhaila argues that the Libertarian Party&#8217;s existing&nbsp;ballot access in almost every&nbsp;state gives them a significant advantage over new or independent parties. He points to the challenges faced by&nbsp;Robert F. Kennedy Jr.&nbsp;in securing ballot access during the 2024 election, which ultimately led to him withdrawing his name from many ballots after endorsing&nbsp;Donald Trump.
Despite Musk&#8217;s substantial political investments, Nekhaila noted that the billionaire has not seen the expected returns. 
SEE ALSO: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46227149/every-new-trillion-of-debt-in-trumps-big-beautiful-bill-is-free-adertising-for-bitcoin-expe" target="_blank" rel="noreferrer noopener">Every New Trillion Of Debt In Trump&#8217;s &#8216;Big Beautiful Bill&#8217; Is &#8216;Free Adertising For Bitcoin,&#8217; Expert States</a>
Why It Matters: Musk has recently shown interest in political involvement, expressing his intention to establish a new &#8220;America Party&#8221; following the passage of the GOP&#8217;s megabill. Musk <a href="https://www.benzinga.com/news/politics/25/06/46186733/elon-musk-staging-a-political-comeback-tesla-ceo-sparks-america-party-buzz-as-he-slams-trumps-insane-spending-bill">criticized </a>President Donald Trump&#8216;s spending bill and hinted at forming the America Party if the bill passed.
Even with his immense resources, a <a href="https://www.benzinga.com/news/politics/25/07/46210411/musk-third-party-odds-hit-47-can-the-tesla-chief-do-what-no-one-has-since-1853">third-party venture </a>could still be an uphill battle for Musk. The Libertarian Party&#8217;s existing infrastructure and ballot access could provide an alternative for Musk to influence the political landscape.
The Libertarian Party is not the only group courting Musk. Dan Webb, the leader of No Labels, a political group advocating for a centrist presidential ticket, has also expressed interest in engaging with Musk, reported Politico.
<ul class="wp-block-list">
<li>READ MORE: <a href="http://Elon Musk's 'Stupid' Actions Will Be Tesla's 'Nail In The Coffin,' Ross Gerber Warns">Elon Musk&#8217;s &#8216;Stupid&#8217; Actions Will Be Tesla&#8217;s &#8216;Nail In The Coffin,&#8217; Ross Gerber Warns </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.

Elon Musk Receives Invitation To Join Libertarian Party: 'Making A New Third Party Would Be A Mistake'

Del Monte Foods, a 138-year-old titan in canned fruits and vegetables, filed for Chapter 11 bankruptcy on July 1 in the U.S. Bankruptcy Court for the District of New Jersey, aiming to restructure its finances and pursue a sale of its assets.
What Happened: The company, known for brands like Del Monte, Contadina, and College Inn, secured $912.5 million in debtor-in-possession financing, including $165 million in new funds, to maintain operations during this process, according to a press release
The company's struggles stem from a combination of heavy debt, shifting consumer preferences, and macroeconomic pressures. 
A CNN Business <a href="https://edition.cnn.com/2025/07/02/food/del-monte-foods-bankruptcy" target="_blank" rel="noopener">report</a> indicates that consumers are increasingly favoring healthier, preservative-free alternatives, reducing demand for Del Monte's core products.
While competitors adapted to trends like plant-based fresh foods and innovative packaging, Del Monte's flat sales of $2.4 billion in fiscal 2024 and a $127 million net loss reflect its failure to pivot effectively.
Greg Longstreet, the president and CEO of Del Monte Foods, said that the company &#8220;faced challenges intensified by a dynamic macroeconomic environment.&#8221; 
Additionally, the 2014 acquisition by Del Monte Pacific Limited saddled the U.S. subsidiary with over $1.2 billion in secured debt, exacerbated by rising interest rates, as <a href="https://www.bloomberg.com/news/articles/2025-07-02/canned-food-producer-del-monte-foods-files-for-bankruptcy">noted </a>by Bloomberg. 
&#8220;This is a strategic step forward for Del Monte Foods. After a thorough evaluation of all available options, we determined a court-supervised sale process is the most effective way to accelerate our turnaround and create a stronger and enduring Del Monte Foods,&#8221; added Longstreet.
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46188237/bill-gates-is-betting-two-thirds-of-his-foundations-portfolio-in-these-3-stocks">Bill Gates Is Betting Two-Thirds Of His Foundation&#8217;s Portfolio In These 3 Stocks</a>
Why It Matters: Here is how the stocks of the other canned food products in the U.S. have performed in 2025 and over the last year.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Stocks</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>)</td>
<td>-12.06%</td>
<td>-15.67%</td>
</tr>
<tr>
<td>Conagra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>)</td>
<td>-23.60%</td>
<td>-24.85%</td>
</tr>
<tr>
<td>Campbell Soup Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>)</td>
<td>-24.01%</td>
<td>-29.04%</td>
</tr>
<tr>
<td>B&amp;G Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGS#NYSE">BGS</a>)</td>
<td>-36.33%</td>
<td>-42.09%</td>
</tr>
<tr>
<td>General Mills Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>)</td>
<td>-15.28%</td>
<td>-14.66%</td>
</tr>
</tbody>
</table>
</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, edged higher on Wednesday. The SPY was up 0.45% at $620.45, while the QQQ advanced 0.70% to $550.80, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/07/46216283/dan-ives-urges-apple-to-make-a-move-saying-that-perplexity-acquisition-is-a-no-brainer-its-a-matter-of-when-and-not-if">Dan Ives Urges Apple &#8216;To Make A Move,&#8217; Saying That Perplexity Acquisition Is &#8216;A No-Brainer&#8217;: &#8216;It&#8217;s A Matter Of When And Not If&#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 courtesy: Postmodern Studio / Shutterstock.com

Del Monte Foods Files Chapter 11 Bankruptcy: Here's Why The Canned Foods Maker Struggled While Its Rivals Are Going Strong

Aebi Schmidt Holding AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEBI#NASDAQ">AEBI</a>), the Swiss manufacturer of agricultural machinery, has commenced regular trading on the Nasdaq, following its merger with the U.S.-based Shyft Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHYF#NASDAQ">SHYF</a>).
What Happened: The stock of Aebi Schmidt dropped 86.57% to $11.18 on Wednesday during the regular session, after the company started trading on the Nasdaq. The stock closed at $16.41 in after-hours trading, marking a 46.78% increase.
The company&#8217;s previous close was $83.26, with a day range of $10.10 to $33.00. The year range was $10.10 to $83.26, with an average volume of 44.00.
See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46220570/how-trumps-big-beautiful-bill-could-create-a-big-beautiful-bull-run-for-bitcoin-ethereum-xr">How Trump&#8217;s &#8216;Big Beautiful Bill&#8217; Could Create A &#8216;Big Beautiful Bull Run&#8217; For Bitcoin, Ethereum, XRP</a>
&nbsp;The new entity began trading on the Nasdaq on July 1, 2025.
Why It Matters: The Shyft Group and Aebi Schmidt Group completed a $2 billion merger, creating a global specialty vehicle leader. The merger was announced in June 2024 and was <a href="https://www.benzinga.com/m-a/25/05/45405846/shyft-group-advances-merger-process-with-aebi-schmidt-as-sec-declares-registration-statement-effecti">finalized</a> in July 2025. The merger was approved by Shyft Group shareholders in June 2025, after the company received the SEC&#8217;s declaration that the registration statement was effective for the new entity to trade on the Nasdaq as &#8220;AEBI&#8221;.
The merger was a strategic move for both companies, with Shyft Group aiming to expand its global presence and Aebi Schmidt seeking to strengthen its position in the U.S. market.&nbsp;
Read Next: <a href="https://benzinga.com/markets/macro-economic-events/25/07/46213919/elon-musk-is-100-correct-says-balaji-srinivasan-america-is-broke-and-there-is-no-fi">Elon Musk Is 100% Correct, Says Balaji Srinivasan: America Is &#8216;Broke&#8217; And There Is &#8216;No Fix&#8217; But Is It A Win-Win For Bitcoin?</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo Courtesy: Sittipong Phokawattana on Shutterstock

Equities

AEBI

SHYF

Aebi Schmidt Makes Nasdaq Debut After Shyft Merger, Stock Surges 47% In After-Hours Trading

With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Franklin Covey Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FC#NYSE">FC</a>) reported downbeat results for the third quarter and lowered its FY2025 sales guidance after the closing bell on Wednesday, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The company posted a quarterly loss of 11 cents per share, which missed the analyst consensus estimate of a loss of 4 cents per share. The company reported quarterly sales of $67.121 million, which missed the analyst consensus estimate of $67.491 million. Franklin Covey shares dipped 7.8% to $22.28 in the after-hours trading session.</li>
<li>Xponential Fitness Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPOF#NASDAQ">XPOF</a>) shares rose sharply after the company disclosed in a Form 8 filing that the SEC concluded its investigation without action. Xponential Fitness shares jumped 22.9% to $9.17 in the after-hours trading session.</li>
<li>Banzai International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) announced a 1-for-10 reverse stock split. Banzai International shares fell 2.3% to $0.63 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>FiEE Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MINM#NASDAQ">MINM</a>) entered into an asset purchase agreement with Suzhou Yixuntong to acquire intellectual property and fixed assets for $1.4 million. FiEE shares jumped 44.2% to $3.85 in the after-hours trading session.</li>
<li>National Beverage Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIZZ#NASDAQ">FIZZ</a>) posted in-line earnings for its fourth quarter, while sales topped estimates. National Beverage shares gained 2.1% to $45.79 in after-hours trading.</li>
</ul>
Read Next:
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</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

BNZI

FIZZ

MINM

XPOF

Franklin Covey, National Beverage And 3 Stocks To Watch Heading Into Thursday

Chipmakers are likely to benefit from the &#8216;One Big Beautiful Bill Act&#8217; passed by the Senate on Tuesday, as they will be eligible for an investment tax credit that can incentivize the semiconductor business.
What Happened: According to the provisions of the tax cut bill proposed by President Donald Trump, the Big Beautiful Bill aims to temporarily increase an investment tax credit for semiconductor manufacturers till the end of 2026.
It would raise the tax credit to 30% of investments in manufacturing facilities, from the current 25%, providing stronger incentives for companies to expand domestic production.
Trump was initially critical of the Chips and Science Act, which granted awards worth $32.5417 billion and provided loans up to $5.85 billion to 32 companies, as per the <a href="https://www.semiconductors.org/chip-supply-chain-investments/">Semiconductor Industry Association</a>.
However, Trump set up a new entity, the <a href="https://www.benzinga.com/government/regulations/25/04/44584283/days-after-calling-the-chips-act-a-horrible-thing-donald-trump-sets-up-new-entity-for-negotiating-much-better-deals-heres-more">United States Investment Accelerator</a>, within the Commerce Department, which now oversees the CHIPS Act program, as established by an executive order signed by him. 
The Big Beautiful Bill has now gone back to the House after<a href="https://www.benzinga.com/news/politics/25/07/46211326/one-big-beautiful-bill-passes-senate-with-jd-vances-tie-breaking-vote-trump-says-its-going-to-go-very-nicely-in-the-house"> narrowly passing in the Senate</a>, before the President could finally sign it to make it into a law. 
These are the top chipmakers and the existing beneficiaries of the Chips Act that will benefit from this investment tax credit mentioned within the tax cut bill.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Company Stocks</td>
<td>YTD Performance</td>
<td>One-Year Performance</td>
</tr>
<tr>
<td>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>13.69%</td>
<td>22.58%</td>
</tr>
<tr>
<td>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td>
<td>16.35%</td>
<td>56.08%</td>
</tr>
<tr>
<td>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>8.21%</td>
<td>-29.94%</td>
</tr>
<tr>
<td>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>)</td>
<td>5.65%</td>
<td>-20.36%</td>
</tr>
<tr>
<td>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td>
<td>14.83%</td>
<td>-15.49%</td>
</tr>
<tr>
<td>Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>)</td>
<td>15.95%</td>
<td>-21.91%</td>
</tr>
<tr>
<td>Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)</td>
<td>2.35%</td>
<td>11.34%</td>
</tr>
<tr>
<td>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>8.21%</td>
<td>-29.94%</td>
</tr>
<tr>
<td>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td>
<td>15.32%</td>
<td>8.37%</td>
</tr>
<tr>
<td>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)</td>
<td>39.40%</td>
<td>-11.02%</td>
</tr>
<tr>
<td>Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>)</td>
<td>28.62%</td>
<td>-21.82%</td>
</tr>
<tr>
<td>Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>)</td>
<td>15.99%</td>
<td>6.58%</td>
</tr>
<tr>
<td>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>)</td>
<td>-12.16%</td>
<td>19.63%</td>
</tr>
<tr>
<td>Corning Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>)</td>
<td>12.87%</td>
<td>37.22%</td>
</tr>
<tr>
<td>Entegris Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTG#NASDAQ">ENTG</a>)</td>
<td>-11.08%</td>
<td>-38.54%</td>
</tr>
<tr>
<td>Globalfoundries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>)</td>
<td>-6.90%</td>
<td>-22.05%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46188237/bill-gates-is-betting-two-thirds-of-his-foundations-portfolio-in-these-3-stocks">Bill Gates Is Betting Two-Thirds Of His Foundation&#8217;s Portfolio In These 3 Stocks</a>
Why It Matters: On March 4, during his joint address to Congress, Trump said, "Your Chips Act is a horrible, horrible thing."
He also urged U.S. House Speaker Mike Johnson to "get rid" of it and use "whatever is left over" to "reduce debt or any other reason you want to."
However, the Trump administration has skipped repealing the act with the Investment Accelerator entity and even managed to get the semiconductor firms to invest in the U.S. over and above the Chips Act this year.
In early March, Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) revealed its plans to inject $100 billion into U.S. advanced semiconductor manufacturing, significantly expanding its ongoing $65 billion Arizona initiative under the Chips Act and bringing total investment to $165 billion.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has <a href="https://www.benzinga.com/tech/25/02/43910982/apple-commits-500-billion-in-us-investment-for-ai-push-boost-us-manufacturing-tech">committed over $500 billion</a> to U.S. investments, focusing on AI, silicon engineering, and expanding advanced manufacturing. 
Price Action: 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, edged higher on Wednesday. The SPY was up 0.45% at $620.45, while the QQQ advanced 0.70% to $550.80, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
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Photo courtesy: Shutterstock

AAPL

AMAT

AVGO

COHR

ENTG

INTC

MCHP

NVDA

QCOM

Nvidia, Intel, Broadcom, Micron, AMD And Other Chipmakers Stand To Benefit As Trump's Tax Bill Increases Incentives To Make Semiconductors In US

Suhail Doshi, founder of Playground AI and analytics platform Mixpanel Inc., publicly accused an Indian software engineer of simultaneously working at multiple startups while allegedly defrauding Y Combinator portfolio companies.
What Happened: Doshi wrote on X Wednesday that Soham Parekh &#8220;works at 3-4 startups at the same time&#8221; and has been &#8220;preying on YC companies and more.&#8221; The viral post, which garnered 12.1 million views and 15,000 likes, included Parekh&#8217;s resume showing concurrent employment at DynamoAI, Union.ai, Synthesia and Alan AI.
&#8220;I fired this guy in his first week and told him to stop lying/scamming people. He hasn&#8217;t stopped a year later,&#8221; Doshi stated. He described 90% of Parekh&#8217;s credentials as fabricated, with most professional links inactive.
The resume shows Parekh claiming a master&#8217;s degree in computer science from Georgia Institute of Technology and senior engineering roles at multiple companies simultaneously. His listed experience includes complex technical implementations across machine learning, distributed systems, and cloud infrastructure.
Multiple industry professionals corroborated Doshi&#8217;s allegations in the comment thread. &#8220;He has been doing this for years and works at more than 4 startups at any given time,&#8221; wrote Nicolai Ouporov, Agent Engineer at fleet. Michelle Lim, previously head of product at Warp, confirmed canceling a work trial with Parekh after seeing the post.
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46238084/ex-obama-treasury-secretary-jack-lew-sounds-alarm-on-nyc-under-zohran-mamdani-i-worry-deeply">Ex-Obama Treasury Secretary Jack Lew Sounds Alarm On NYC Under Zohran Mamdani: &#8216;I Worry Deeply&#8217;</a>
Why It Matters: Doshi revealed Parekh allegedly misrepresented his location to appear U.S.-based, with one company shipping equipment to a purported sister&#8217;s address. &#8220;Gets nothing done. Made up constant lies. Corroborated by 6+ other companies,&#8221; Doshi wrote when questioned about the accusations.
The incident highlights growing concerns about employment fraud in the remote work era. Federal Trade Commission data shows job scams increased <a href="https://www.benzinga.com/news/topics/25/06/46009484/as-the-labor-market-gets-rockier-job-offer-scams-are-on-the-rise-duping-millennials-and-gen-zers">threefold between 2020 and 2023</a>, with reported losses reaching $470 million in text message scams alone last year.
Similar multi-employment fraud cases have emerged globally, including a Chinese woman who simultaneously held 16 positions, <a href="https://www.benzinga.com/news/23/09/34395031/unprecedented-scam-woman-juggles-16-jobs-in-multimillion-dollar-fraud">generating $7 million in fraudulent wages</a>. The Department of Justice recently charged individuals connected to North Korean IT worker schemes that infiltrated <a href="https://www.benzinga.com/markets/tech/25/07/46189017/us-busts-5-million-north-korean-it-scam-americans-chinese-taiwanese-among-those-arrested">over 100 U.S. companies</a>.
Following the viral exposure, Parekh reportedly contacted Doshi asking for advice on career recovery, according to Doshi&#8217;s subsequent posts. 
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Soham Parekh Accused Of Fooling YC Startups While Working 4 Jobs At Once: Suhail Doshi Says He Faked His Resume, Lied About His Location

Faraday Future Intelligent Electric Inc. - Class A Common Stock

FFAI

Reported Earlier, Faraday Future Capitol Hill Event On July 23 To Emphasize Role Of U.S. Policy In Advancing The Future Of AI-Driven Electric Vehicles

<ul>
<li>Neurizon&#xAE; Therapeutics and Elanco Animal Health&nbsp;enter into an exclusive global licensing agreement</li>
<li>Provides worldwide rights&nbsp;for Neurizon to utilise Elanco's intellectual property, providing exclusive access to an extensive package of non-clinical studies and manufacturing data and outlines&nbsp;key terms for a future supply agreement for GMP-compliant Monepantel</li>
<li>Provides a&nbsp;clear pathway for accelerated global commercialisation&nbsp;of NUZ-001[1] and significantly&nbsp;de-risks future global regulatory approval processes</li>
<li>The license agreement represents the&nbsp;first step in formalising Neurizon's relationship with Elanco, with the&nbsp;next step focused on finalising a supply agreement expected H2 CY 2025</li>
</ul>

ELAN

Reported Earlier, Neurizon And Elanco Execute Strategic Licensing Deal To Provide Clear Pathway For Accelerated Global Commercialisation Of NUZ-001

WENNU

Reported Earlier, Wen Acquisition Corp Announces Commencement Of Separate Trading Of Class A Ordinary Shares And Warrants On July 7, 2025

SNPS

Reported Earlier, Synopsys Issues Official Statement On Rescinded US Export Controls And Ongoing China Market Assessment

<ul>
<li>Offer of US$3.01 in cash plus one contingent value right for potential additional aggregate payments of up to US$1.19 per share</li>
<li>Upfront and total potential cash consideration represent respectively a 126% and 216% premium to Nasdaq closing price on date prior to announcement of Future Pak's initial non-binding proposal</li>
<li>Transaction with Future Pak represents culmination of sale process whereby Theratechnologies solicited interest from a number of potential counterparties</li>
<li>Board unanimously recommends that shareholders approve the transaction</li>
</ul>
 &nbsp;

THTX

Reported Earlier, Theratechnologies Enters Definitive Agreement To Be Acquired By CB Biotechnology For $3.01 Per Share Plus Contingent Value Right

Despite the economic downturn in China, former IMF Chief Economist Kenneth Rogoff believes the country's push to undermine the U.S. dollar's global dominance remains firmly on track.
What Happened: On Wednesday, Rogoff replied &#8220;absolutely&#8221; when asked about China gaining traction in challenging the dollar&#8217;s supremacy, despite a slowing domestic economy, while speaking on The Call, a podcast by the U.S. Chamber of Commerce.
According to Rogoff, Beijing's efforts extend far beyond currency peg adjustments, which he says China has been doing far more aggressively over the past decade, especially following Western sanctions on Russia.
The broader strategy, Rogoff says, involves building independent financial infrastructure, including alternative settlement and clearing systems, to reduce reliance on the U.S.-dominated network. &#8220;To truly break away, China wants transactions in yuan and control over how they're settled,&#8221; he said.
See Also: <a href="https://www.benzinga.com/content/46218202/dollar-down-10-these-3-stocks-could-soar">Dollar Down 10%? These 3 Stocks Could Soar</a>
Even with China's real estate crisis and declining growth, Rogoff argues those macro headwinds don't necessarily derail Beijing's strategic objectives.
&#8220;China doesn't have to grow at 7% in order to establish the yuan as more of a currency,&#8221; he said. &#8220;They're the world's largest trading partner for probably more than half the countries in the world. So they're there. They've arrived.&#8221;
Rogoff draws parallels to Japan's post-boom era, warning that China is repeating many of the same mistakes, including significantly overinvesting in real estate and infrastructure. Yet despite that, he insists the yuan can continue gaining ground regionally.
He also warns that the U.S. is accelerating its own decline. &#8220;The erosion of the dollar, which I argue started a decade ago, is accelerating,&#8221; Rogoff said, citing trade policies and erratic decision-making in Washington as contributing factors.
Why It Matters: Rogoff had mentioned the same thing in an interview a week ago, warning of the consequences of &#8216;de-dollarization,&#8217; while saying that <a href="https://www.benzinga.com/real-estate/25/06/46115111/americans-are-not-prepared-says-harvard-economist-about-chinas-de-dollarization-interest-rates-are-going-to-be-higher-for-a-very-very-long-time">most Americans are unprepared</a> for such an eventuality.
&#8220;It&#8217;s going to put pressure on the U.S. budget, interest rates, and Americans are not prepared for any of that,&#8221; Rogoff said.
Several other prominent experts and analysts have cautioned about the same, with Adam Turnquist, a chief technical strategist at LPL Financial, warning of <a href="https://www.benzinga.com/markets/forex/25/06/45943600/is-us-dollar-losing-its-edge-de-dollarization-and-fading-exceptionalism-raise-alarms">further downside risks</a> for the greenback, following a sharp decline since the beginning of 2025.
According to Turnquist, &#8220;The dollar is also contending with recently renewed tariff threats, an ongoing de-dollarization theme, and fading enthusiasm for American exceptionalism.&#8221;
Chatham House expert, David Lubin, noted two months ago that some people within the Trump administration may view the <a href="https://www.benzinga.com/government/regulations/25/04/44858165/policy-push-vs-market-pull-dollar-under-pressure-as-reserve-currency-may-be-called-into-question-amid-tariff-turmoil">reserve status of the U.S. Dollar</a> as &#8220;more of a burden to the U.S. economy than a blessing.&#8221;
The U.S. Dollar Index (DXY) currently trades at 96.844 against a basket of other currencies, up slightly by 0.07% on Thursday. The currency is down 11.44% since January 20, since the Trump Administration came to power.
Photo Courtesy: FOTOGRIN on Shutterstock.com
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Asia

Government

Dollar Supremacy Under Threat Despite A Slowing China? 'Absolutely,' Says This Economist — Beijing Is The Largest Trading Partner For Half The World And They've 'Arrived'

<ul>
<li>The GCAptAIN study did not meet its primary endpoint of sustained remission at Week 52 in adults with newly diagnosed or relapsing GCA1</li>
<li>Safety in GCA patients was consistent with known safety profile of Cosentyx&#xAE; (secukinumab)1</li>
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Novartis Reports Phase III GCAptAIN Study Did Not Meet Primary Endpoint Of Sustained Remission At Week 52 In GCA Patients

MIRA Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRA#NASDAQ">MIRA</a>) shares soared to $1.87, an approximate 50.8% jump, during after-hours trading on Wednesday.
What Happened: After the announcement of Mira-55, a synthetic analog of marijuana, providing pain relief comparable to morphine, the stock value of MIRA Pharmaceutical exploded, signaling an aggressive investor buying.
Mira-55, engineered to selectively activate CB2 receptors, displayed minimal activity at CB1 receptors, thus avoiding psychoactive side effects. In a formalin-based rodent model, the drug significantly reduced pain sensitivity and showed efficacy comparable to morphine, without any sedative or inflammatory effects.
See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46215827/bitcoins-halving-cycle-is-over-standard-chartered-affirms-what-that-means-for-you">Bitcoin&#8217;s Halving Cycle Is &#8216;Over&#8217;, Standard Chartered Affirms: What That Means For You</a>
The U.S. Drug Enforcement Administration (DEA) has confirmed that Mira-55 is not a controlled substance, removing a significant regulatory barrier to its clinical development. The company is now advancing Mira-55 towards an Investigational New Drug (IND) submission, with development efforts supporting future clinical trials in inflammatory pain indications.
Chairman and CEO of MIRA,&nbsp; Erez Aminov noted, "With Mira-55 and Ketamir-2, we believe we're building a differentiated, non-opioid pain franchise with the potential to treat two of the largest and most underserved pain markets,"&nbsp;
Why It Matters: The promising results of Mira-55 is an advancement for MIRA Pharmaceuticals, which has been making strides in the pain management sector. In May, the company&#8217;s lead program, Ketamir-2, <a href="https://www.benzinga.com/general/biotech/25/05/45217506/exclusive-mira-pharmaceuticals-lead-program-ketamir-2-shows-no-brain-toxicity-in-fda-mandated-study">showed no brain toxicity</a> in an FDA-mandated study. This was followed by the company&#8217;s announcement in March that it was expanding its pain management portfolio with the formulation of Ketamir-2 as a topical treatment for localized neuropathic and inflammatory pain.
Furthermore, MIRA Pharmaceuticals&#8217; acquisition of SKNY Pharmaceuticals, the developer of SKNY-1, a novel investigational therapy targeting obesity and nicotine addiction, is also <a href="https://www.benzinga.com/general/biotech/25/05/45281398/exclusive-mira-pharmaceuticals-board-approves-skny-pharma-acquisition-establishing-combined-enterprise-value-over-60-million">expected to enhance its value proposition</a>. The company&#8217;s announcement in June that SKNY-1 demonstrated a 30% reduction in body weight without muscle loss, along with a reversal of nicotine cravings, further supported the advancement of SKNY-1 toward Investigational New Drug (IND) 
Price Action: According to <a href="https://www.benzinga.com/quote/MIRA">Benzinga Pro</a> data, MIRA Pharmaceuticals stock closed at $1.24, up 2.48% but soared to $1.87 with a massive spike of 50.81% during after-hours trading.
Benzinga&#8217;s Edge Stock Rankings indicates MIRA Pharmaceuticals with a momentum of 91.78 shows high recent price strength. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Find out</a> the stock value of pharmaceutical companies.enabling studies.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="871" height="159" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03011705/Screenshot-2025-07-03-104648.png" alt="" class="wp-image-971362" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03011705/Screenshot-2025-07-03-104648.png 871w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03011705/Screenshot-2025-07-03-104648-300x55.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03011705/Screenshot-2025-07-03-104648-768x140.png 768w" sizes="(max-width: 871px) 100vw, 871px" /></figure>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo Courtesy: Martin Gregor on Shutterstock.com

Health Care

MIRA

MIRA Pharmaceuticals'  Marijuana Analog Mira-55 Shows Potent Pain Relief In Preclinical Study, Stock Jumps 50% After Hours

Anduril Industries CEO Palmer Luckey disclosed Wednesday that his company&#8217;s autonomous weapons systems have destroyed &#8220;hundreds of millions&#8221; worth of Russian military assets in Ukraine, while advocating for increased U.S. military support as the fastest path to peace.
What Happened: &#8220;Anduril had people/hardware in Ukraine two weeks into the invasion. Our autonomous weapons have destroyed hundreds of millions worth of Russia&#8217;s war machine,&#8221; Luckey wrote on X. &#8220;The United States should give them the tools they need to win. It is the fastest path to peace, one way or another.&#8221;
The statement came in response to Ukrainian presidential aide Andriy Yermak, who praised Luckey&#8217;s early support during the conflict. Yermak described the defense tech executive as &#8220;steady, kind, and clear&#8221; in a wartime meeting.
Anduril&#8217;s involvement in Ukraine comes as global defense <a href="https://www.benzinga.com/25/04/45032800/global-defense-budgets-surge-to-27-trillion-as-europe-and-middle-east-lead-steepest-increase-since-cold-war-report">spending surged 9.4% to $2.72 trillion in 2024</a>, according to Stockholm International Peace Research Institute data. The increase marks the steepest annual rise since the Cold War, with Europe and the Middle East leading expenditure growth.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Anduril had people/hardware in Ukraine two weeks into the invasion. Our autonomous weapons have destroyed hundreds of millions worth of Russia&#39;s war machine. The United States should give them the tools they need to win. It is the fastest path to peace, one way or another. <a href="https://t.co/V5dO1kYjTV">https://t.co/V5dO1kYjTV</a>
&mdash; Palmer Luckey (@PalmerLuckey) <a href="https://twitter.com/PalmerLuckey/status/1940600367823347934?ref_src=twsrc%5Etfw">July 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/events/25/07/46238524/pentagon-says-us-strikes-set-back-irans-nuclear-program-by-2-years-after-b-2-bombers-hit-fordo-natanz-and-esfahan">Pentagon Says US Strikes Set Back Iran&#8217;s Nuclear Program By 2 Years After B-2 Bombers Hit Fordo, Natanz And Esfahan</a>
Why It Matters: The Southern California-based defense contractor recently <a href="https://www.benzinga.com/markets/market-summary/25/06/45810158/anduril-raises-2-5-billion-at-30-5-billion-valuation-doubling-in-a-year-as-defense-contracts-grow">raised $2.5 billion at a $30.5 billion valuation</a>, more than doubling from last year&#8217;s $14 billion mark. Founders Fund, backed by billionaire Peter Thiel, led the round with a record $1 billion commitment.
Luckey confirmed the <a href="https://www.benzinga.com/markets/ipos/25/06/45877601/anduril-ceo-palmer-luckey-confirms-ipo-plans-to-compete-for-trillion-dollar-defense-contracts-we-are-definitely-going-to-be-a-publicly-traded">company plans to go public</a>, stating &#8220;there&#8217;s not really a path to a company like Anduril winning things in the shape of let&#8217;s say a trillion dollar F-35 joint strike fighter contract as a private company.&#8221;
The disclosure comes amid ongoing peace negotiations between Russia and Ukraine, with President Donald Trump threatening &#8220;large-scale&#8221; sanctions on Moscow unless progress is made. The U.S. recently signed a mineral resources agreement with Ukraine, granting American companies priority <a href="https://www.benzinga.com/25/03/45128890/trump-and-zelensky-sign-the-mineral-resource-deal">access to Ukrainian critical minerals</a>.
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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: Tada Images / Shutterstock.com

Anduril CEO Palmer Luckey Says Weapons Destroyed 'Hundreds of Millions' in Russian Assets, Urges US Military Aid to Ukraine

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock surged on Wednesday as the EV giant reported Q2 2025 delivery figures more or less in line with Wall Street estimates amid <a href="https://www.benzinga.com/markets/tech/25/06/46087914/teslas-europe-sales-slide-for-5th-straight-month-elon-musk-led-ev-giants-market-share-shrinks-to-1-3">declining sales</a> and CEO Elon Musk's <a href="https://www.benzinga.com/news/politics/25/07/46216023/after-trump-warns-elon-musk-to-close-up-shop-china-rallies-behind-worlds-richest-man-theres-no-need-to-keep-putting-up-with-it">feud with U.S. President</a> Donald Trump.
What Happened: Tesla delivered 384,122 vehicles in Q2, with the majority of the number coming from the Tesla Model 3 and the Model Y, according to a press release shared by the company on Wednesday.
<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"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> (+4.4% pre-mkt) reported 2Q deliveries of 384K -14% YoY and roughly in line with WS consensus. This was much better than feared low estimates of 355K-360K. As we indicated yesterday, this is likely to be a buy-the-news event. <a href="https://t.co/YTTD2lUKgh">https://t.co/YTTD2lUKgh</a> <a href="https://t.co/UIulYp4bI0">https://t.co/UIulYp4bI0</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1940402335546785915?ref_src=twsrc%5Etfw">July 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Veteran investor Gary Black explained in a post on social media platform X on Wednesday what could've driven Tesla's better-than-estimated performance. "$TSLA now +4.3% on better than feared 2Q deliveries," he said in the post.
Black added that Tesla beat the 370k estimate predicted by him, "2Q was better than expected, led by refreshed Model Y delivs and strong quarter-end China deliveries," he said.
The investor noted that the strong delivery figures could lead to positive revisions in the company&#8217;s 2025 delivery estimates, "especially with the planned elimination of the $7,500 EV credit in Trump's tax and spending bill."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> now +4.3% on better than feared 2Q deliveries. If one just reads the headlines, one would think TSLA missed. Versus my 370K estimate (higher than most here on X), 2Q was better than expected, led by refreshed Model Y delivs and strong quarter-end China deliveries. This… <a href="https://t.co/oorXAtMF7w">pic.twitter.com/oorXAtMF7w</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1940449192461091176?ref_src=twsrc%5Etfw">July 2, 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 stock surge led by the figures could provide relief to Tesla, which has been grappling with poor sales in markets like Sweden and Norway, where sales <a href="https://www.benzinga.com/markets/tech/25/07/46189042/elon-musk-led-teslas-european-woes-worsen-with-sales-down-over-60-in-sweden-and-denmark">declined more than 60%</a>.
Tesla's <a href="https://www.benzinga.com/markets/tech/25/06/46162850/tesla-sales-in-canada-have-dropped-to-nearly-zero-says-researcher-expects-elon-musk-led-ev-giant-may-report-losses-starting-2026">Canadian sales </a><a href="https://www.benzinga.com/markets/tech/25/06/46162850/tesla-sales-in-canada-have-dropped-to-nearly-zero-says-researcher-expects-elon-musk-led-ev-giant-may-report-losses-starting-2026" target="_blank" rel="noopener">also took a hit,</a> with some researchers suggesting that the EV giant's sales are "close to zero" in the country. The declining sales could be attributed to Musk's right-wing political views and close association with Trump.
Interestingly, Musk is said to <a href="https://www.benzinga.com/markets/tech/25/07/46214467/elon-musk-will-oversee-tesla-sales-in-the-us-europe-after-omead-afshars-exit-report">oversee Tesla sales</a> in the U.S. and Europe himself after close aide Omead Afshar's <a href="https://www.benzinga.com/markets/tech/25/06/46132042/teslas-q2-sales-going-to-s-says-gary-black-after-tsla-north-america-and-europe-chief-omead-afshars-exit">departure from Tesla</a>, with SVP Tom Zhu said to oversee global production operations.
<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="198" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03001011/TSLA-JUL-3-2205-1024x198.jpg" alt="" class="wp-image-971308" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03001011/TSLA-JUL-3-2205-1024x198.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03001011/TSLA-JUL-3-2205-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03001011/TSLA-JUL-3-2205-768x148.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03001011/TSLA-JUL-3-2205-1536x297.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03001011/TSLA-JUL-3-2205.jpg 1554w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla offers satisfactory Momentum and Quality, while scoring well on the Growth metric, but the stock offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Photo courtesy: Ken Wolter / Shutterstock.com

TSLA Stock Surges 5% As Q2 Deliveries 'Better Than Feared:' Gary Black Explains Why Elon Musk-Led Tesla Fared Better Than Market's Worst Fears

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