Sagimet Biosciences (NASDAQ:SGMT) Bolsa

SAGIMET BIOSCIENCES INC-A

Sagimet Biosciences

Sagimet Biosciences Inc is a clinical-stage biopharmaceutical company dedicated to developing a portfolio of in-house discovered, selective fatty acid synthase (FASN) inhibitors aimed at treating diseases that arise from dysfunctional lipid metabolism pathways. The company's drug candidate, denifanstat, is an oral, once-daily pill that serves as a selective FASN inhibitor under development for treating nonalcoholic steatohepatitis (NASH). The company functions as a single business segment, focusing on the development and commercialization of therapeutics for MASH and other diseases where FASN plays a pathogenic role.

Nvidia chief executive Jensen Huang says President Donald Trump's effort to "re-industrialize" technology manufacturing is "exactly the right thing," a "smart move" that will end the nation's "sole dependency" on overseas suppliers.
What Happened: In a CNN interview <a href="https://edition.cnn.com/2025/07/13/world/video/gps0713-nvidia-us-china-ai">broadcast</a> Sunday, Huang warned the United States is "missing that entire band in our industries," which is the craft of actually building chips, servers and other hardware — and said restoring that capacity would spread middle-class jobs beyond Ph.D. labs.
"That passion, the skill, the craft of making things&#8230; the ability to make things is valuable for economic growth, it's value for a stable society with people who can create a wonderful life and a wonderful career without having to get a PhD in physics," Huang explained.
His praise comes as the White House leans on tariffs and subsidies to pull factories back onshore. In April, press secretary Karoline Leavitt said Trump cannot rely on China for critical tech and temporarily waived duties on smartphones so companies could shift production.
<a href="https://www.benzinga.com/markets/economic-data/25/07/46385153/trumps-spending-bill-limits-student-loans-sparks-funding-gap-concerns">See Also: Trump&#8217;s Spending Bill Limits Student Loans, Sparks Funding Gap Concerns</a>
Trump also announced in March that Taiwan Semiconductor Manufacturing Co. will <a href="https://www.benzinga.com/markets/tech/25/07/46283410/taiwan-semiconductor-shifts-focus-100-billion-usa-expansion">invest at least $100 billion</a> to build five U.S. chip plants, a commitment he said would solve a major supply-chain risk. The TSMC pledge follows similar multibillion-dollar promises from Samsung, Intel and Micron as part of a broader manufacturing drive.
Why It Matters: Analysts say the campaign is reshaping the chip market but raising costs. BlackRock's Larry Fink recently cautioned that tariffs alone will not <a href="https://www.benzinga.com/25/04/44661665/manufacturing-resurgence-not-without-a-workforce-says-blackrocks-fink">cure the labor shortages</a> hobbling a full revival.
Huang spoke after a World Economic Forum survey found 41% of employers expect to shrink staff by 2030 because of automation, a trend he insists new roles will offset. Huang warned industries that if they stop innovating and generating new ideas, AI-driven productivity gains <a href="https://www.benzinga.com/markets/tech/25/07/46380955/nvidia-ceo-jensen-huang-warns-ai-could-replace-jobs-if-innovation-stalls-if-the-world-runs-out-of-ideas">will cost workers</a> their jobs.
He acknowledged hurdles but argued that "ecosystems of industries and manufacturing" at home will ease geopolitical pressure on Taiwan, whose foundries build most of Nvidia's advanced processors.
Photo: jamesonwu1972 / Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/news/politics/25/07/46385035/chris-christie-says-trump-not-pam-bondi-pulled-the-plug-on-epstein-memo-when-you-start-the-fire-sometimes-you-cant-put-it-out">Chris Christie Says Trump, Not Pam Bondi Pulled The Plug On Epstein Memo: &#8216;When You Start The Fire, Sometimes You Can&#8217;t Put It Out&#8217;</a></li>
</ul>

Tech

Nvidia Chief Jensen Huang Says Trump's Move To Manufacture In The US Is 'Exactly' The Right Thing: America Is 'Missing That Entire Band'

Several Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-associated companies saw their shares rise in overnight trading Monday, as the apex digital asset continued its record-breaking bull run.
What happened: Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), the world's largest corporate Bitcoin holder, was up over 3% as of this writing, <a href="https://robinhood.com/us/en/stocks/MSTR/">according </a>to Robinhood.
Similarly, leading Bitcoin miners like MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) advanced 3.71% and 3.62%, respectively, at last check.
Cryptocurrency exchange Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and commission-free trading platform Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) also edged higher.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Stocks</td>
<td>Overnight Gains +/-</td>
<td>Price (Recorded at 2:05 p.m. ET)</td>
</tr>
<tr>
<td>MARA Holdings</td>
<td>+3.71%</td>
<td>$19.85</td>
</tr>
<tr>
<td>Riot Platforms</td>
<td>+3.62</td>
<td>$12.87</td>
</tr>
<tr>
<td>Strategy</td>
<td>+3.17%</td>
<td>$447.72</td>
</tr>
<tr>
<td>Coinbase</td>
<td>+1.86%</td>
<td>$394.24</td>
</tr>
<tr>
<td>Robinhood Markets</td>
<td>+1.20%</td>
<td>$99.52</td>
</tr>
</tbody>
</table>
</figure>
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/25/07/46385394/rich-dad-poor-dad-author-robert-kiyosaki-says-he-will-buy-one-more-bitcoin-asap-as-btc-breaks-122000">&#8216;Rich Dad Poor Dad&#8217; Author Robert Kiyosaki Says He Will Buy &#8216;One More&#8217; Bitcoin ASAP As BTC Breaks $122,000</a>
The uptick comes after Bitcoin blasted past $122,000&nbsp;to clock new highs, <a href="https://www.benzinga.com/crypto/25/07/46385051/bitcoin-zooms-past-121000-to-finish-historic-week-whats-fueling-the-rally">extending a rally that began last week</a>.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $122,312.71, up 3.74% in the last 24 hours, and 12% over the week, 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>.
Meanwhile, MSTR recorded a high Momentum score, but lagged in Value and Growth. If you&#8217;re looking for similar high-momentum stocks for your portfolio, go to <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.&nbsp;
<figure class="wp-block-image size-full"><a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.."><img loading="lazy" decoding="async" width="961" height="197" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14023232/image-147.png" alt="" class="wp-image-983326" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14023232/image-147.png 961w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14023232/image-147-300x61.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14023232/image-147-768x157.png 768w" sizes="(max-width: 961px) 100vw, 961px" /></a></figure>
Photo: khunkornStudio via Shutterstock
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46360502/raoul-pal-says-no-one-realizes-insane-incoming-demand-for-blockspace-predicts-crypto-will-become-100-trillion-asset-within-a-decade-as-bitcoin-smashes-118000">Raoul Pal Says No One Realizes &#8216;Insane&#8217; Incoming Demand For Blockspace, Predicts Crypto Will Become $100 Trillion Asset Within A Decade As Bitcoin Smashes $118,000</a></li>
</ul>

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

Cryptocurrency

$BTC

COIN

HOOD

MARA

MSTR

RIOT

Michael Saylor's Strategy, Coinbase, MARA, Riot And Other Crypto-Related Stocks Spike After Hours As Bitcoin Touches All-Time High Beyond $122,000

News

FCFS

Reported Friday, FirstCash To Pay $5M–7M in Consumer Redress And $4M Fine Following CFPB Settlement On Military Lending Act Claims

Earnings

DGNX

Reported Friday, Diginex FY 2025 EPS $(0.53) Compared To $(0.75) YoY, Revenue $2.04M Up From $1.29M YoY; Cash $3.M

<ul>
<li>Customers saved billions while shopping Amazon's millions of deals during Amazon's biggest Prime Day shopping event yet</li>
<li>Prime members purchased millions of Alexa-enabled devices, and the Ring Battery Doorbell and Fire TV Stick HD were two of the event's best-selling items</li>
</ul>

AMZN

Reported Saturday,  Amazon Prime Day 2025 Generates Record Sales And Savings, Supported by Alexa+, AI Shopping Tools, And Expanded Prime Benefits

<ul>
<li>Presentations highlight clinically meaningful reductions in BMI in patients with acquired hypothalamic obesity –</li>
<li>- Full data from Phase 3 TRANSCEND study underscore potential efficacy of setmelanotide, including with prior use or concomitant use of GLP</li>
</ul>

RYTM

Reported Saturday, Rhythm Pharmaceuticals Reports Statistically Significant BMI Reductions In Children And Adults Across Multiple Doses And Subgroups In TRANSCEND And SIGNAL Trials

<ul>
<li>Pivotal Phase 3 LUCIDITY trial of avexitide, a potential first-in-class GLP-1 receptor antagonist with FDA Breakthrough Therapy designation, underway in post-bariatric hypoglycemia; completion of recruitment expected in 2025, with topline data anticipated in first half of 2026</li>
<li>In the Phase 2b trial, avexitide 90 mg once daily led to a 64% least-squares mean reduction in the composite rate of Level 2 and Level 3 hypoglycemic events in post-bariatric hypoglycemia, the FDA-agreed upon primary outcome that LUCIDITY is evaluating</li>
<li>Population pharmacokinetic and pharmacodynamic data demonstrated avexitide 90 mg once daily has sustained therapeutic exposure for 24 hours</li>
</ul>
&nbsp;

Amplify YieldShares Oil Hedged MLP Income ETF

AMLX

Reported Sunday, Amylyx Highlights Efficacy And 24-Hour Coverage Of Avexitide 90 mg Daily; Supports Advancing Phase 3 LUCIDITY Trial

<ul>
<li>Data show that PALSONIFY was well tolerated and IGF-1 levels remained stably controlled during long-term open label extensions of PATHFNDR-1 and PATHFNDR-2 studies</li>
<li>Additional PALSONIFY presentations demonstrate reductions in patient-reported symptom burden, including both symptom severity and rates of symptom flares</li>
</ul>

CRNX

Reported Sunday, Crinetics Highlights Interim Data from PATHFNDR-1 And PATHFNDR-2 Extensions Confirming Long-Term Efficacy And Tolerability of PALSONIFY In Acromegaly

Reported Sunday, Ki Corporation And Public Storage Present Revised Offer To Acquire Abacus Storage King; Parties Enter Due Diligence Phase

Macro Economic Events

Econ #s

Economics

INDA

India Wholesale Price Index (WPI) Inflation (YoY) For June -0.13% Vs. 0.52% Est.; 0.39% Prior

Financial expert&nbsp;Robert Kiyosaki&nbsp;said Sunday that he would buy more Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as the apex cryptocurrency continued its gravity-defying run on price charts.
What Happened: Kiyosaki took to X to celebrate the ongoing surge in Bitcoin&#8217;s value.
&#8220;Going to buy one&nbsp;more Bitcoin asap. It's never&nbsp;been easier to become rich…&nbsp;even a millionaire,&#8221; &nbsp;the author of the best-selling book "Rich Dad Poor Dad" said.
Kiyosaki urged his followers to study the asset and see if Bitcoin is what they need to become millionaires themselves.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">YAY: Bitcoin over $117 K a coin. Going to buy one more Bitcoin asap. It's never been easier to become rich…. even a millionaire. Please study, learn, and find out if Bitcoin is your path to becoming a millionaire. Take care. I love my BITCOINS…. all of them.
&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1944264563584884864?ref_src=twsrc%5Etfw">July 13, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/crypto/25/07/46384827/samson-mow-confident-bitcoin-is-going-to-add-a-zero-the-million-dollar-question-is-of-when">Samson Mow Confident Bitcoin Is Going To Add A Zero: The Million Dollar Question Is Of &#8216;When&#8217;</a>
Why It Matters: Kiyosaki&#8217;s advocacy came amid a historic week for Bitcoin. The cryptocurrency&#8217;s value skyrocketed past $122,000 after midnight, <a href="https://www.benzinga.com/crypto/25/07/46385051/bitcoin-zooms-past-121000-to-finish-historic-week-whats-fueling-the-rally">marking a new all-time high</a>, and extending a triumphant run fueled by healthy institutional inflows.
This isn&#8217;t the first time Kiyosaki has advocated for investment in Bitcoin. Earlier in the month, he warned of a potential <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46045741/rich-dad-poor-dad-author-robert-kiyosaki-warns-of-global-debt-collapse-urges-buying-gold-silver-bitcoin">global debt collapse</a> and urged his followers to invest in gold, silver, and Bitcoin.
Kiyosaki is infamous for making bold predictions regarding Bitcoin&#8217;s price, some of which were way off the mark. He projected Bitcoin would hit $100,000 in June of last year. He even painted a&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39198509/rich-dad-poor-dad-author-robert-kiyosaki-comes-up-with-another-bold-projection-bitcoin-wil" target="_blank" rel="noreferrer noopener">$350,000 price target</a>&nbsp;by August 2024.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $122,244.85, up 3.79% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46383287/new-survey-reveals-what-wealthy-investors-really-think-about-crypto">New Survey Reveals What Wealthy Investors Really Think About Crypto</a></li>
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Photo Courtesy: Hamdi Bendali on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a><a href="https://benzinga.com/markets/cryptocurrency/24/01/36719639/arthur-hayes-on-bitcoin-i-think-we-break-40k-traders-see-halving-in-4-months-for-next-pric" target="_blank" rel="noreferrer noopener"> </a>

'Rich Dad Poor Dad' Author Robert Kiyosaki Says He Will Buy 'One More' Bitcoin ASAP As BTC Breaks $122,000

Billionaire investor Chamath Palihapitiya sparked speculations regarding a potential megamerger between Elon Musk&#8217;s biggest ventures, xAI, SpaceX, and, of course, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/TSLA" target="_blank" rel="noreferrer noopener">TSLA stock here.</a>
What Happened: On Sunday, in a post on X, Palihapitiya made the case for a merger cascade between Musk&#8217;s ventures, xAI, which owns X.com, Grok, and more, with his space exploration, autonomous vehicles and EV plays.
He suggests that merging the three could give rise to a singular, transformative entity centered on &#8220;consciousness in all of its forms,&#8221; one that spans the physical, digital, and extraterrestrial realms.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46380521/elon-musk-rejects-reports-that-xai-is-looking-to-raise-additional-funds-at-200-billion-valuation-we-have-plenty-of-capital">Elon Musk Rejects Reports That xAI Is Looking To Raise Additional Funds At $200 Billion Valuation: &#8216;We Have Plenty Of Capital&#8217;</a>
&#8220;I&#8217;m here for it,&#8221; Palihapitiya says, adding that the outcome would be &#8220;pretty logical&#8221; in his opinion, with all three companies now centering around AI. 
This comes amid growing interest in Musk&#8217;s expanding empire, and how artificial intelligence can bind them all together. Tesla is leaning heavily into self-driving and robotics, SpaceX is integrating machine learning into space navigation and satellite networks, while xAI, Musk&#8217;s latest venture, focuses on building artificial general intelligence.
In his post, Palihapitiya uses the term &#8220;industrial logic,&#8221; suggesting that he sees strategic alignment with such a merger. From Tesla&#8217;s hardware and xAI&#8217;s software, to SpaceX&#8217;s infrastructure plays, all aligned in a single, vertically integrated platform.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">AI may be the industrial logic that can drive the following merger cascade: xAI —&gt; Tesla —&gt; SpaceX This would be pretty logical imo. One company focused on consciousness in all of its forms &#8211; physical, digital, beyond earth. I'm here for it.
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1944291098878238835?ref_src=twsrc%5Etfw">July 13, 2025</a></blockquote>
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Why It Matters: Nearly five years ago, Musk himself had approved of this idea to <a href="https://www.benzinga.com/tech/20/12/18915031/elon-musk-floats-idea-of-starting-one-parent-company-to-hold-tesla-spacex-boring-neuralink">form a holding company</a> named X, which would work as the parent company for his many ventures, such as Tesla, SpaceX, Boring and Neuralink.
This comes just months after Musk&#8217;s xAI <a href="https://www.benzinga.com/tech/25/03/44549314/elon-musk-acquires-his-own-social-media-platform-x-through-xai-in-33-billion-deal-says-combined-entity-now-worth-80-billion">acquired his social media platform</a>, X.com, formerly known as Twitter, in an all-stock deal valued at $33 billion. 
Musk&#8217;s SpaceX now plans to invest $2 billion into xAI, according <a href="https://www.benzinga.com/tech/20/12/18915031/elon-musk-floats-idea-of-starting-one-parent-company-to-hold-tesla-spacex-boring-neuralink">to</a> a report by the Wall Street Journal on Sunday, as part of a $5 billion funding round. This values the company at $113 billion.
Price Action: Tesla shares were up 1.17% on Friday, trading at $313.51, and are up 0.85% after hours.
<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="146" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14013303/Screenshot-2025-07-14-at-11.02.51-AM-1024x146.png" alt="" class="wp-image-983274" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14013303/Screenshot-2025-07-14-at-11.02.51-AM-1024x146.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14013303/Screenshot-2025-07-14-at-11.02.51-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14013303/Screenshot-2025-07-14-at-11.02.51-AM-768x109.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14013303/Screenshot-2025-07-14-at-11.02.51-AM.png 1530w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Tesla shares score high on Growth, but lag behind on other metrics, with a favorable price trend in the medium and long terms, but unfavorable in the short term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock.
Photo Courtesy: Kathy Hutchins On Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/personal-finance/management/25/07/46381286/elon-musk-said-hes-not-warren-buffetts-biggest-fan-and-finds-his-job-super-boring-but-also-really-wanted-him-to-invest-in-tesla">Elon Musk Said He&#8217;s Not Warren Buffett&#8217;s &#8216;Biggest Fan&#8217; And Finds His Job &#8216;Super Boring&#8217; — But Also Really Wanted Him To Invest In Tesla</a></li>
</ul>

Markets

TSLA

Tesla, xAI and SpaceX Merger? Chamath Palihapitiya Floats 'Industrial Logic' For Union Of Elon Musk-led Companies: 'This Would Be Pretty Logical'

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Industrial Production (MoM) For May -0.1% Vs. 0.5% Est.; -1.1% Prior

Reported Earlier, China Trade Balance (USD) For June 114.77B Vs. 113.20B Est.; 103.22B Prior

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has reportedly acquired PlayAI, an artificial intelligence startup focused on natural-sounding voice technology.
What Happened: While financial terms were not disclosed, the entire PlayAI team will join Meta this week and report to Johan Schalkwyk, another new joinee from voice AI firm Sesame AI, <a href="https://www.bloomberg.com/news/articles/2025-07-11/meta-acquires-voice-ai-startup-playai-continuing-to-add-talent?sref=10lNAhZ9">reported</a> Bloomberg, citing an internal memo.
The PlayAI team's "work in creating natural voices, along with a platform for easy voice creation, is a great match for our work and road map, across AI Characters, Meta AI, Wearables and audio content creation," the memo read.
See Also:&nbsp;<a href="https://www.benzinga.com/news/education/25/06/45983347/jensen-huang-gave-12-6-million-to-charity-then-nvidias-stock-made-it-billions" target="_blank" rel="noreferrer noopener">Jensen Huang Gave $12.6 Million To Charity, Then Nvidia's Stock Made It Billions</a>
A Meta spokesperson confirmed the deal to the publication but did not elaborate on the details. The tech giant did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Why It's Important: The acquisition is part of Meta's broader AI strategy, which CEO Mark Zuckerberg has called the company's top priority in 2025.
In the past few months, Facebook-parent has <a href="https://www.benzinga.com/markets/tech/25/07/46301582/metas-ai-empire-grows-fueled-by-openai-deepmind-apple-defectors">restructured its AI operations</a> under the newly launched Meta Superintelligence Labs, led by former Scale AI CEO Alexandr Wang.
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.
Zuckerberg's company has poached leading experts from ChatGPT-parent OpenAI, Anthropic, Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google DeepMind and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
Just last week, it was reported that <a href="https://www.benzinga.com/markets/tech/25/07/46288145/mark-zuckerbergs-meta-lures-away-apple-ai-chief-ruoming-pang-with-tens-of-millions-compensation-package-report">Meta has recruited</a> Ruoming Pang, the AI model lead at Apple.
Meta currently has a market capitalization of $1.8 trillion.
Price Action: Meta shares have risen 19.74% year-to-date and are up 44.61% over the past 12 months, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings indicate that META continues to show a steady upward trend in the short, medium, and long term. While its growth score remains strong, its value rating is relatively lower. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance details are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14012924/Screenshot-2025-07-14-at-10.58.07%E2%80%AFAM.png" alt="" class="wp-image-983264" /></a></figure>
Photo: Skorzewiak/Shutterstock
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Media

AAPL

GOOG

GOOGL

Mark Zuckerberg's Meta Expands AI Talent With PlayAI Acquisition: Report

Reported Earlier, China Imports (YoY) For June 1.1% Vs. 1.3% Est.; -3.4% Prior

Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) could lose a major revenue source as President Donald Trump's &#8220;Big, Beautiful Bill&#8221; introduced a flurry of budget cuts.
What Happened: The Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rival could potentially lose the revenue stream that helped it make $325 million in 2024 by selling ZEV credits, according to The Motley Fool <a href="https://www.fool.com/investing/2025/07/13/prediction-rivian-could-lose-this-325-million-reve/">on</a> Sunday.
The new budget relaxes CAFE, or Corporate Average Fuel Economy norms, which stipulate that vehicles must be able to cover a certain amount of distance on a gallon of fuel. The norms also imposed fines on automakers who exceeded the norms.
To avoid paying the fines, automakers can either work on improving fuel economy or purchase ZEV credits from companies like Tesla and Rivian, which the government awards these companies for manufacturing vehicles that do not have any emissions.
Why It Matters: With the relaxation of these regulations, selling ZEV credits could <a href="https://www.benzinga.com/markets/tech/25/07/46258669/tesla-made-2-76-billion-from-zev-credits-in-2024-in-us-but-trumps-tax-bill-just-killed-this-revenue-stream">become a challenge</a> as automakers would become less inclined to purchase the credits from companies like Rivian.
However, Rivian has other streams of revenue as well. Recently, Also Inc., a micromobility company spun off from Rivian, hit a <a href="https://www.benzinga.com/markets/tech/25/07/46312033/rivian-spinoff-also-inc-hits-1-billion-valuation-after-raising-200-million-report">$1 billion valuation</a>. Rivian has a minority stake in Also.
Rivian delivered over <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46224223/rivians-production-dips-for-next-gen-models-volkswagen-infusion-boosts-outlook">10,661 units in Q2 2025</a> as the EV maker reaffirmed the yearly delivery guidance of 40-46k vehicles despite uncertainty posed by Trump's tariffs.
<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="196" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14011032/RIVN-JUL-14-2025-1024x196.jpg" alt="" class="wp-image-983250" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14011032/RIVN-JUL-14-2025-1024x196.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14011032/RIVN-JUL-14-2025-300x57.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14011032/RIVN-JUL-14-2025-768x147.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14011032/RIVN-JUL-14-2025-1536x294.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14011032/RIVN-JUL-14-2025.jpg 1556w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Rivian offers poor Momentum but scores well on the Value metric. 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>
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Photo courtesy: Michael Berlfein via Shutterstock

RIVN

Tesla-Rival Rivian Could Lose A Major Revenue Stream Due To Trump's 'Big, Beautiful Bill'

Reported Earlier, China Exports (YoY) For June 5.8% Vs. 5.0% Est.; 4.8% Prior

President Donald Trump <a href="https://www.benzinga.com/news/politics/25/07/46263434/trump-signs-sweeping-tax-and-spending-bill-that-cbo-says-will-add-3-3-trillion-to-us-deficit-cut-health-coverage-for-11-8-million-americans">signed the tax and spending bill</a> earlier this month, which introduces significant changes to federal student loan programs. This move has sparked a debate on how the funding gap will be filled.
What Happened: As part of the new bill, new limits on federal student loans for parents and graduate students will be imposed starting from July 1, 2026. Under the new rules, parents can borrow up to $20,000 per year, with a lifetime cap of $65,000 per student, through the federal Parent PLUS program, reported <a href="https://www.nytimes.com/2025/07/12/your-money/student-loan-limits.html">the</a> New York Times.
Graduate students will face an annual borrowing limit of $20,500 and a total cap of $100,000, not counting any undergraduate debt. Meanwhile, students in professional programs — like medical or law school — will generally be limited to $50,000 per year and $200,000 overall.
See Also: <a href="https://benzinga.com/markets/cryptocurrency/24/01/36721989/jim-cramer-bearish-at-40k-unlikely-that-bitcoin-finds-its-footing-cramertracker-replies-le" target="_blank" rel="noopener">Jim Cramer Bearish At $40K: &#8216;Unlikely That Bitcoin Finds Its Footing,&#8217; CramerTracker Replies: &#8216;Legend, Thanks Jim!&#8217;</a>
These changes are expected to create a funding gap, potentially leading to a surge in private student loan lenders. The question remains whether these lenders will offer fair interest rates and terms.
Why It Matters: The new regulations, which were signed into law by President Trump earlier this month, are expected to have a significant impact on the student loan industry.
Private lenders like SoFi Technologies, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) are poised to benefit from these changes, as they are likely to see an <a href="https://www.benzinga.com/markets/tech/25/07/46284237/sofi-ready-to-capture-the-opportunity-as-trumps-big-beautiful-plan-restricts-federal-student-loans">increase in demand</a> for their services.
The bill has been met with criticism from Sen. Elizabeth Warren (D-Mass.) and former Treasury Secretary Lawrence Summers, who have <a href="https://www.benzinga.com/news/politics/25/07/46311721/elizabeth-warren-says-gop-chose-trump-over-american-people-slams-big-beautiful-bill-for-potentially-ushering-health-care-cuts-price-hikes">voiced their concerns</a> about the potential consequences of the bill, including significant impacts on working American families.
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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: Maxim Elramsisy / Shutterstock.com

Education

SOFI

Trump's Spending Bill Limits Student Loans, Sparks Funding Gap Concerns

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) raced past $121,000 overnight Sunday, capping a historic week on a high.
What happened: The apex cryptocurrency hit an all-time high of $121,209 around midnight, with trading volume jumping 34% to $61.36 billion in the last 24 hours
Bitcoin broke milestones this week, first <a href="https://www.benzinga.com/crypto/25/07/46334779/bitcoin-breaks-112000-ethereum-dogecoin-surge-amid-growing-institutional-interest-nvidia-driven-tech-rally-experienced-trader-peter-brandt-says-i-am-long-btc">surpassing its previous high</a> of $112,000, and there has been no going back since.
Strong institutional demand fueled the rally, with Bitcoin exchange-traded funds raking in about $2.72 billion in net inflows last week,&nbsp;<a href="https://sosovalue.com/assets/etf/Total_Crypto_Spot_ETF_Fund_Flow?page=usBTC" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to SoSo Value.
Price Action:&nbsp; At the time of writing, Bitcoin eased at $121,008.78, up 2.71% 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>. The coin rose over 10% in the last week, and 28% year-to-date.
Photo Courtesy: PV productions on Shutterstock.com
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Movers

Trading Ideas

$ETH

Bitcoin Zooms Past $121,000 To Finish Historic Week: What's Fueling The Rally?

Press Releases

Sagimet Biosciences Announces Oral Presentation at the 9th Annual MASH-TAG 2025 Conference

Health Care

Sagimet Biosciences Announces Oral Presentation at the MASH Pathogenesis and Therapeutic Approaches Keystone Symposium

Sagimet Biosciences Announces Clearance of IND for FASN Inhibitor TVB-3567, to be Developed for the Treatment of Acne

Sagimet Biosciences Reports Full Year 2024 Financial Results and Provides Corporate Updates

Sagimet Biosciences Announces Upcoming Presentations at EASL Congress 2025

Sagimet Biosciences Reports First Quarter 2025 Financial Results and Provides Corporate Updates

Sagimet Biosciences to Host Virtual KOL Event, "Evaluating the Synergistic Potential of a Combination of Denifanstat and Resmetirom for the Treatment of Metabolic Dysfunction-Associated Steatohepatitis (MASH)" on May 29, 2025

Ascletis Announces Phase III Trial of Denifanstat (ASC40), a First-in-Class, Once-Daily Oral FASN Inhibitor for Acne, Meets All Endpoints

Sagimet Biosciences Announces Positive Phase 3 Results for Denifanstat for the Treatment of Moderate-to-Severe Acne from Partner Ascletis

Sagimet Biosciences to Host Virtual KOL Event, "A New Mechanism of Action in Treating Acne: Update on Positive Phase 3 Denifanstat Trial for the Treatment of Moderate to Severe Acne" on June 16, 2025

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