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Solid Power

Solid Power Inc is engaged in solid-state battery technology and manufacturing processes. Its core technology is a sulfide-based solid electrolyte material, which replaces the liquid or gel electrolyte used in traditional lithium-ion battery cells. Its commercialization strategy is to manufacture and sell electrolytes to Tier 1 battery manufacturers and automotive original equipment manufacturers (OEMs) that choose to produce its battery cells.

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Descubre los mayores ganadores y perdedores en el mercado previo tras movimientos impactantes en acciones clave hoy.

Las acciones de Vincerx Pharma (VINC) suben alrededor del 64%; 20 acciones que se mueven en premercado

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Descubre las acciones que lideran los movimientos en la apertura del mercado, incluyendo repuntes destacados y caídas sorprendentes.

Acciones de Evaxion Biotech (EVAX) suben alrededor del 62%; 20 acciones que se mueven en el premercado

Solid Power Inc

President Donald Trump has issued a warning that New York City&#8217;s federal funding could be in jeopardy if Democratic candidate Zohran Mamdani doesn&#8217;t do the &#8220;right thing&#8221; if he wins the mayoral election.
What Happened: Trump expressed that Mamdani must &#8220;do the right thing&#8221; if elected, or the city could face a reduction in its federal funding. The President made these comments during a Fox News <a href="https://www.foxnews.com/video/6375019938112">interview </a>with Maria Bartiromo that aired on Sunday.
"Let's say this, if he does get in, I'm going to be president and he's going to have to do the right thing, or they're not getting any money&#8230;He's got to do the right thing," stated Trump.
Trump warned that any future mayor of New York must &#8220;behave themselves,&#8221; or else the federal government will impose severe financial consequences.
He has previously threatened to cut federal funding for local politicians in blue states with whom he disagrees. For instance, he threatened to withdraw funding from California due to Governor&nbsp;Gavin Newsom&#8216;s policies on transgender athletes in women&#8217;s sports.
Trump&#8217;s warning is not only directed at Mamdani, who recently defeated former New York Governor Andrew Cuomo in the city&#8217;s Democratic mayoral primary, but also extends to all mayoral candidates in New York City.
Trump has repeatedly labeled Mamdani, a Democratic socialist, as a communist. Mamdani, however, has rejected this label.
SEE ALSO: <a href="https://benzinga.com/news/sports/25/06/46159984/mark-cuban-raises-employee-wages-after-learning-of-government-aid-dependence" target="_blank" rel="noreferrer noopener">Mark Cuban Raises Employee Wages After Learning Of Government Aid Dependence</a>
Why It Matters: Mamdani&#8217;s victory in the Democratic primary for New York City mayor has sparked strong political reactions. Trump has <a href="https://www.benzinga.com/news/politics/25/06/46107353/trump-says-democrats-have-crossed-the-line-with-zohran-mamdani-bernie-sanders-elizabeth-warren-back-new-york-mayoral-candidates-grassroots-suppo">condemned </a>the win as a sign that the Democratic Party has veered too far left.
Despite the criticism, prominent senators such as Bernie Sanders (I-VT) and Elizabeth Warren (D-Mass) have thrown their <a href="https://www.benzinga.com/news/politics/25/06/46107353/trump-says-democrats-have-crossed-the-line-with-zohran-mamdani-bernie-sanders-elizabeth-warren-back-new-york-mayoral-candidates-grassroots-suppo">support </a>behind Mamdani, citing his &#8220;grassroots&#8221; approach.
Meanwhile, Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, has expressed reluctance to support a candidate against Mamdani in the New York City mayoral race, suggesting that the city must &#8220;learn the hard way&#8221; the <a href="https://www.benzinga.com/news/politics/25/06/46108180/no-point-fighting-against-the-tide-by-opposing-zohran-mamdani-says-gemini-co-founder-cameron-winklevoss-things-will-have-to-get-worse-in-nyc-before-they-get-better">consequences </a>of Marxist and socialist ideologies.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/personal-finance/financial-advisors/25/06/46159972/us-faces-financial-heart-attack-ray-dalio-warns-shares-investment-strategies-the-safest-investment-that-you-can-get-right-now-is-an-inflation-indexed-bond" target="_blank" rel="noreferrer noopener">US Faces ‘Financial Heart Attack,' Ray Dalio Warns — Shares Investment Strategies: &#8216;The Safest Investment That You Can Get Right Now Is An Inflation-Indexed Bond&#8217; &#8211; Benzinga</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.

News

Trump Threatens To Cut Federal Funding For NYC If Zohran Mamdani Doesn't Do The 'Right Thing' As Future Mayor: 'If He Does Get In, I'm Going To Be President...'

Tesla researcher Troy Teslike has highlighted Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) struggle to adapt to lower sales in Canada, predicting GAAP losses for the company starting in Q1 2026.
What Happened: In a post on X on Sunday, Teslike pointed out that Tesla is grappling with a significant drop in sales in Canada, largely due to political controversy.
He cited that sales have nearly hit rock bottom, while the company continues to operate 35 stores across the country, thereby keeping SG&amp;A (Selling, General, and Administrative) costs high.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tesla is struggling to adapt to the new reality of lower sales. For example, sales in Canada have dropped to nearly zero, largely due to political controversy (source: <a href="https://t.co/AxsXyLJrFI">https://t.co/AxsXyLJrFI</a>), but Tesla continues to operate 35 stores across the country (source:…
&mdash; Troy Teslike (@TroyTeslike) <a href="https://twitter.com/TroyTeslike/status/1939392513460097102?ref_src=twsrc%5Etfw">June 29, 2025</a></blockquote>
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See Also:<a href="https://www.benzinga.com/markets/large-cap/25/06/46161226/gary-black-warns-tesla-q2-deliveries-will-disappoint-says-cheaper-models-could-cannibalize-sales-and-see-ideal-re-entry-22-below-current-levels"> Gary Black Warns Tesla Q2 Deliveries Will &#8216;Disappoint&#8217; — Says Cheaper Models Could Cannibalize Sales</a>
Tesla&#8217;s sales had<a href="https://www.benzinga.com/news/topics/25/05/45692018/general-motors-tops-canadian-ev-market-in-q1-as-tesla-sales-tank-87-in-quebec-report"> plummeted by 87% in Quebec</a>, Canada, in Q1 2025. This was a two-year low for the company, amid incentive cuts and criticism around Elon Musk's political ties with the Donald Trump administration.
Why It Matters: Tesla&#8217;s sales decline in Canada comes at a time when its competitor, General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), is<a href="https://www.benzinga.com/news/topics/25/05/45692018/general-motors-tops-canadian-ev-market-in-q1-as-tesla-sales-tank-87-in-quebec-report"> experiencing a 252% surge in sales</a> in the country. Tesla&#8217;s sales woes have been attributed to an 87% decline in deliveries in Quebec, as per data obtained by Le Devoir.
Furthermore, Tesla has been<a href="https://www.benzinga.com/25/03/44213295/tesla-suspected-of-ev-rebate-manipulation-in-canada-amid-sudden-sales-surge-tesla-gamed-the-system-says-industry-body"> suspected of exploiting Canada&#8217;s EV rebate</a> program, with four of its stores allegedly selling an average of 30 cars per hour over three days, thereby claiming over 50% of the rebate funds.
Investor Gary Black, founder of The Future Fund, has also issued a<a href="https://www.benzinga.com/markets/large-cap/25/06/46161226/gary-black-warns-tesla-q2-deliveries-will-disappoint-says-cheaper-models-could-cannibalize-sales-and-see-ideal-re-entry-22-below-current-levels"> cautious outlook on Tesla&#8217;s upcoming second-quarter deliveries</a>, predicting that the company is likely to miss estimates.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">&nbsp;following this link.</a>
Read Next:
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<li><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">Tesla&#8217;s Europe Sales Slide For 5th Straight Month: Elon Musk-led EV Giant&#8217;s Market Share Shrinks To 1.3%</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Ken Wolter / Shutterstock.com

Tech

TSLA

Tesla Sales In Canada Have Dropped To 'Nearly Zero,' Says Researcher, Expects Elon Musk-Led EV Giant May Report Losses Starting 2026

<ul>
<li>Vodafone and AST SpaceMobile's new joint venture company (SatCo) focused on delivering space-based cellular broadband connectivity to be headquartered in Luxembourg.</li>
<li>Mobile operators covering 21 EU member states and other European countries have already expressed an interest in using the service; commercial launches expected from 2026.</li>
<li>SatCo aims to provide a scalable European satellite service for the benefit of European citizens, businesses and public sector organisations</li>
</ul>

ASTS

Vodafone And AST SpaceMobile Launch SatCo In Luxembourg To Pioneer Space-Based Cellular Broadband Across Europe

AKRTF

CTSH

Cognizant And Aker Solutions Forge Multi-Year Deal To Advance IT Agility And Efficiency Using The Cognizant Neuro Platform

Venture capitalist Chamath Palihapitiya says Jeff Bezos reached out for a last-minute splash of premium spirits, prompting him to "send my plane with a case of our tequila to Venice as a wedding present," he wrote on X Sunday.
What Happened: Palihapitiya and his "All-In" podcast co-hosts unveiled their ultra-premium tequila in Los Angeles on June 21, pricing each of the 750 poker-chip-shaped bottles at about $1,200, according to a TechCrunch <a href="https://techcrunch.com/2025/06/24/the-all-in-podcasts-1200-tequila-has-already-sold-out/">report</a>. The entire run sold out in hours. The Social Capital founder has since peppered social media with photos of celebrity fans and hinted at broader distribution plans.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Apropos of celebrity drinkers of our tequila, I just got a text from Bezos. Sent my plane with a case of our tequila to Venice as a wedding present. Congratulations Jeff+Lauren! <a href="https://t.co/C9KU7G9GAI">https://t.co/C9KU7G9GAI</a>
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1939049133362319363?ref_src=twsrc%5Etfw">June 28, 2025</a></blockquote>
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"Celebrity drinkers of our tequila" inspired Sunday's post, Palihapitiya wrote, adding that the Amazon founder's request arrived via text and that he obliged by dispatching his jet. Neither side disclosed how many bottles flew, but aviation-tracking data show dozens of private jets shuttling VIPs into Venice last week.
See also: <a href="https://www.benzinga.com/markets/tech/25/06/46161608/reddit-turns-20-cto-explains-why-the-platform-is-no-google-or-openai-but-is-also-unlike-x-instagram-and-tiktok">Reddit Turns 20, CTO Explains Why The Platform Is No Google Or OpenAI But Is Also Unlike X, Instagram And TikTok</a>
The gesture capped a $50 million, <a href="https://www.benzinga.com/news/entertainment/25/06/46156709/jeff-bezos-lauren-sanchez-get-married-in-a-50-million-wedding-in-venice-from-foam-party-on-his-500-million-yatch-to-goodie-bags-heres-what-we-know">three-day celebration</a> in which Bezos and Lauren Sánchez married on the island of San Giorgio Maggiore.
Why It Matters: Bezos, 61, and Sánchez, 55, hosted about 200 guests for a Thursday welcome at Madonna dell'Orto, a Friday ceremony inside the 16th-century basilica and a Saturday pajama-themed dance party headlined by Usher.
Oprah Winfrey, Kim Kardashian, Tom Brady and Leonardo DiCaprio were spotted boarding water taxis to the events. The high-profile wedding also <a href="https://www.benzinga.com/news/events/25/06/46136092/jeff-bezos-lauren-sanchez-wedding-draws-star-studded-guest-list-to-venice-here-are-the-celebs-who-showed-up-so-far">featured business heavyweights</a> and other prominent celebrities like Bill Gates and Ivanka Trump.
Local <a href="https://www.benzinga.com/news/entertainment/25/06/46062022/protests-rock-jeff-bezos-gondola-want-to-rent-venice-for-a-wedding-pay-more-tax">activists marched</a> under the banner "No Space for Bezos," calling the extravaganza an emblem of widening wealth gaps even as officials touted its tourism windfall.
Photo Courtesy: Lev Radin on Shutterstock.com
Read next: <a href="https://www.benzinga.com/news/education/25/06/46160981/ivy-league-mba-was-a-waste-of-time-says-veteran-banker-lists-two-key-traits-far-more-relevant-in-the-ai-age">Ivy League MBA Was A &#8216;Waste Of Time,&#8217; Says Veteran Banker, Lists Two Key Traits Far More Relevant In The AI Age</a>

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General

Jeff Bezos Texted And Then Chamath Palihapitiya Sent A Plane Loaded With Bottles Of His $1,200 Tequila To Venice As Wedding Present

KLTO

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Faraday Future Intelligent Electric Inc. - Class A Common Stock

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The S&amp;P 500 hit record highs on Friday as prominent investment manager Dan Niles advised investors to temporarily ignore traditional valuation metrics while positioning for continued market gains through the second-quarter earnings season.
What Happened: Niles, founder of Niles Investment Management, reversed his earlier bearish stance after the index rallied 27% from April lows following President Donald Trump&#8216;s 90-day tariff reprieve announcement. The benchmark index surpassed its previous February closing high, rebounding from a 21% selloff that began in early April amid tariff fears and recession concerns.
&#8220;In my 35 years on Wall Street I have NEVER said that before,&#8221; Niles wrote on X, clarifying his CNBC interview comments about forgetting valuations. He emphasized that this tactical approach reflects how he believes investors will behave until Thanksgiving, not his personal investment philosophy.
The veteran money manager cited seven factors driving continued market strength: U.S. dollar weakness helping foreign sales that comprise 40% of S&amp;P 500 revenues, demand pull-forward ahead of potential tariffs, reduced geopolitical tensions, anticipated Federal Reserve rate cuts, institutional performance chasing, and retail fear-of-missing-out with $7 trillion parked in money market funds.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Mid Year Update I came into the year negative which is why cash in money market funds that yielded over 4% was my lead Top 5 Pick. Poor Q4:2024 earnings results during which six of the seven Magnificent 7 had forward revenue forecasts go down and volatility caused by tariffs…
&mdash; Dan Niles (@DanielTNiles) <a href="https://twitter.com/DanielTNiles/status/1939481563147772037?ref_src=twsrc%5Etfw">June 30, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/equities/25/06/46161262/chinas-ant-group-boosts-rd-spending-to-record-3-26-billion-in-2024-amid-ai-push">China&#8217;s Ant Group Boosts R&amp;D Spending To Record $3.26 Billion In 2024 Amid AI Push</a>
Why It Matters: Niles maintains positions in Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>). He highlighted Microsoft&#8217;s re-accelerating Azure growth after three quarterly disappointments and Nvidia&#8217;s demand strength following a $5.5 billion writeoff. Cisco trades at 17x forward earnings versus 24x for the S&amp;P 500, despite its emerging AI networking capabilities.
However, Niles warned of potential 10-20% correction risks approaching Thanksgiving due to holiday demand disappointment from the first-half demand pull-forward. He noted the S&amp;P 500&#8217;s 24x forward price to earnings ratio exceeds historical averages during 2.4-3.0% inflation periods.
The index closed Friday at 6,190, with <a href="https://www.benzinga.com/markets/economic-data/25/06/46124290/sp-500-hits-record-highs-and-history-says-the-best-is-yet-to-come">technical analysts noting</a> an approaching &#8220;golden cross&#8221; signal when the 50-day moving average crosses above the 200-day average—historically preceding strong rallies 73% of the time since World War II.
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/46161059/apple-has-the-potential-to-crush-metas-ray-ban-smart-glasses-says-ming-chi-kuo-but-the-tech-giant-has-been-surprisingly-slow" target="_blank" rel="noreferrer noopener">Apple Has the Potential To Crush Meta's Ray-Ban Smart Glasses, Says Ming-Chi Kuo, But The Tech Giant Has Been ‘Surprisingly Slow'</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

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NVDA

As S&P 500 Charges Off April Lows, Dan Niles Says Investors Will 'Forget About Valuations'—Holds Microsoft, Nvidia, Cisco But Sees Holiday Demand Crash Risk

Over the weekend, Yun-Ta Tsai, a former Nokia Telecommunications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) researcher and current Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) senior staff engineer, shared his perspective on Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) <a href="https://www.benzinga.com/markets/tech/25/06/45851232/apples-lack-of-new-ai-features-at-wwdc-is-startling-expert-says">slow adoption of artificial intelligence</a> (AI) and autonomous vehicles.
What Happened: Tsai took to X, formerly Twitter, and recalled his time at Nokia, where engineers debated the transition from physical keyboards to touchscreens.
While U.S. engineers pushed for touchscreens to lead the way, he said, Finnish engineers were hesitant, believing the transition was too risky. Tsai noted the same "legacy crutches" that <a href="https://www.benzinga.com/news/24/10/41307048/elon-musks-spacex-was-once-called-a-dream-seller-by-this-potent-rival-now-pierre-ferragu-warns-compa">held Nokia back</a> are now plaguing Apple.
Pierre Ferragu, an analyst with New Street Research, corroborated Tsai's sentiments, recalling a conversation in 2007 when Nokia's CTO dismissed touchscreens.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45830549/pierre-ferragu-takes-apple-to-task-for-dismissing-the-ai-revolution-has-its-head-in-the-sand" target="_blank" rel="noreferrer noopener">Pierre Ferragu Takes Apple To Task For Dismissing The AI Revolution: ‘Has Its Head In The Sand&#8217;</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I can confirm. I experienced this from very close, as an analyst (with a sell rating) Nokia's CTO told me in 2007 "we have tried touchscreens, consumers don't like it" and "whatever we miss and Apple gets right, we can catch up in under six months." I didn't buy it… <a href="https://t.co/WPpBoGazMX">https://t.co/WPpBoGazMX</a>
&mdash; Pierre Ferragu (@p_ferragu) <a href="https://twitter.com/p_ferragu/status/1939351867777245498?ref_src=twsrc%5Etfw">June 29, 2025</a></blockquote>
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Tsai went on to discuss Apple's attitude toward emerging technologies like AI and <a href="https://www.benzinga.com/news/24/10/41309072/apple-poured-1b-a-year-into-its-car-project-before-abandoning-it-tim-cooks-company-now-pulls-plug-on">autonomous vehicles</a>, pointing out that despite having competitive hardware, the company is struggling with execution.&nbsp;
"The problem of Apple is that they have every pieces they need to be dominant," but the tech giant doesn't feel the urgency, Tsai said.
He referenced Apple's attitude toward Full-Self Driving (FSD), where the company's machine learning manager dismissed the technology's potential. "They believed their models were superior and they were taking their time," Tsai noted.
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.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The problem of Apple is that they have every pieces they need to be dominant and they don't feel like they don't need to hurry. One of their ML managers did not think Full-self Driving was real. When asked if they would catch up the competition, they believed their models were…
&mdash; Yun-Ta Tsai (@YunTaTsai1) <a href="https://twitter.com/YunTaTsai1/status/1939414624207532284?ref_src=twsrc%5Etfw">June 29, 2025</a></blockquote>
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Tsai acknowledged that Apple has competitive chips (System on Chips, or SoCs) and technology but said they have execution issues.
&#8220;I think their chips are quite competitive in my opinion,&#8221; Tsai said, adding, &#8220;What they lack, is not technology, but execution.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I think their chips are quite competitive in my opinion. They did pretty much everything right for a power efficient SoC — memory buses, ASIC and connectivity all that. The CPU is gorgeous. What they lack, is not technology, but execution.
&mdash; Yun-Ta Tsai (@YunTaTsai1) <a href="https://twitter.com/YunTaTsai1/status/1939420265227931931?ref_src=twsrc%5Etfw">June 29, 2025</a></blockquote>
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Why It's Important: Apple's ambitious plan to transform the auto industry came to a sudden halt after ten years of development and billions in spending. The secretive effort — dubbed "Titan" inside the company — faced constant challenges, from leadership uncertainty to technical obstacles and evolving goals, before being <a href="https://www.benzinga.com/news/24/03/37528093/apple-poured-1b-a-year-into-car-project-concocted-by-steve-jobs-for-a-decade-before-realizing-it-nee">officially scrapped</a> in February 2024.
Now <a href="https://www.benzinga.com/media/25/05/45486193/why-is-apple-still-behind-on-ai-expert-dissects-reasons-behind-iphone-maker-lagging-likes-of-microsoft-and-amazon-despite-poaching-googles-ai-chief">doubts are mounting</a> over Apple's ability to have an edge in fast-evolving fields like AI and spatial computing, especially as nimble startups and tech giants like 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 and Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) push ahead.
Reports have also emerged that suggested that Apple executives had <a href="https://www.benzinga.com/markets/tech/25/06/46041473/apple-eyes-perplexity-ai-acquisition-while-facing-shareholder-lawsuit-over-exaggerated-ai-progress-report">considered acquiring</a> Perplexity AI, but the startup has since stated it has no knowledge of any ongoing or planned acquisition discussions.
Benzinga's Edge Stock Rankings indicate that Apple's shares continue to trend downward across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance details are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30031356/Screenshot-2025-06-30-at-8.29.11%E2%80%AFAM-1.png" alt="" class="wp-image-966370" /></a></figure>
Photo Courtesy: Prathmesh T on Shutterstock.com
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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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

GOOG

GOOGL

Apple's Biggest Mistake? Ex-Nokia And Tesla Engineer Explains What's Really Going Wrong

Autoliv Retires 510,361 Repurchased Shares, Lowering Issued Share Count To 79,404,229

Nokia signs revolving credit facility with its pricing mechanism linked to the company's sustainability targets
<ul>
<li>Nokia's financing strategy maintains steadfast link with its sustainability strategy with EUR 1.5 billion multicurrency revolving credit facility.</li>
<li>New facility builds on previous work in this area including sustainability-linked guarantee facility and sustainable finance framework.</li>
<li>Pricing mechanism linked to reduction of Nokia's Scope 1, 2 and 3 greenhouse gas emissions.</li>
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Nokia Signs €1.5B Revolving Credit Facility With Margin Tied To Climate Targets

Iran&#8217;s Deputy Foreign Minister Majid Takht-Ravanchi said that the United States must guarantee no additional military strikes before Tehran will resume nuclear negotiations, as markets rally on ceasefire prospects between Israel and Iran.
What Happened: Takht-Ravanchi&nbsp;told the BBC that the Trump administration has communicated through mediators its desire to return to diplomatic talks but has &#8220;not made their position clear&#8221; on preventing further attacks during negotiations. 
The stance comes after U.S. B-2 stealth bombers from Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) struck <a href="https://www.benzinga.com/news/politics/25/06/46094069/iran-breaks-silence-says-nuclear-facilities-badly-damaged-by-us-strikes">three Iranian nuclear facilities</a> at Fordo, Natanz, and Isfahan last weekend.
&#8220;Right now we are seeking an answer to this question: Are we going to see a repetition of an act of aggression while we are engaging in dialogue?&#8221; Takht-Ravanchi said in an interview from Tehran.
The strikes followed a 12-day Israel-Iran conflict that began June 13 when Israel targeted Iranian nuclear and military sites, claiming Tehran was close to building nuclear weapons. Iran responded with missile attacks before the U.S. intervened directly.
Central Intelligence Agency Director John Ratcliffe <a href="https://www.benzinga.com/news/politics/25/06/46107752/trump-announces-iran-nuclear-talks-following-us-strikes-that-severely-damaged-iranian-nuclear-program">confirmed the strikes</a> &#8220;severely damaged&#8221; Iran&#8217;s nuclear program, citing &#8220;credible evidence&#8221; that key facilities were destroyed. However, Rafael Grossi, head of the International Atomic Energy Agency, said Iran could restart uranium enrichment within &#8220;a matter of months.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/46161262/chinas-ant-group-boosts-rd-spending-to-record-3-26-billion-in-2024-amid-ai-push">China&#8217;s Ant Group Boosts R&amp;D Spending To Record $3.26 Billion In 2024 Amid AI Push</a>
Why It Matters: Markets responded positively to ceasefire prospects. Wedbush Securities analyst Dan Ives called the Iran-Israel ceasefire &#8220;the most bullish outcome&#8221; for <a href="https://www.benzinga.com/news/politics/25/06/46107752/trump-announces-iran-nuclear-talks-following-us-strikes-that-severely-damaged-iranian-nuclear-program">Wall Street, predicting 2-3% gains</a>. 
Iran&#8217;s parliament moved on Wednesday to <a href="https://www.benzinga.com/news/politics/25/06/46160509/irans-top-diplomat-to-un-says-uranium-enrichment-to-continue-an-inalienable-right">suspend cooperation with the IAEA</a>, accusing the atomic watchdog of siding with Israel and the U.S. Iranian Ambassador to the UN Amir-Saeid Iravani separately told CBS that uranium enrichment will &#8220;never stop,&#8221; citing it as an &#8220;inalienable right&#8221; under the Nuclear Non-Proliferation Treaty.
Trump announced nuclear talks with Iran for next week but <a href="https://www.benzinga.com/news/politics/25/06/46107752/trump-announces-iran-nuclear-talks-following-us-strikes-that-severely-damaged-iranian-nuclear-program">provided no venue details</a>. He dismissed intelligence assessments suggesting the strikes only delayed Iran&#8217;s program by months, calling the damage &#8220;obliteration.&#8221;
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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

Politics

Iran Demands US Guarantee Of No Further Strikes Before Nuclear Talks Resume: 'Are We Going To See A Repetition'

Japanese investment firm Metaplanet Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MTPLF#OTC">MTPLF</a>) surpassed a couple more Nasdaq-listed companies to become the fifth-largest Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) corporate holder on Monday.
What happened: The Tokyo-headquartered firm announced the additional purchase of 1,005 BTC at an average price of approximately $107,923 per BTC via an X post.&nbsp;
With this grab, Metaplanet's total holdings have now reached 13,350 BTC, worth $1.4 billion. According to data from Bitcointreasuries.net, this places the company ahead of Galaxy Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLXY#NASDAQ">GLXY</a>) and CleanSpark Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), making it the fifth-largest Bitcoin-owning corporate. Note that the updated holdings had not yet been reflected on the site as of this writing.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x2A;Metaplanet Acquires Additional 1,005 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>, Total Holdings Reach 13,350 BTC&#x2A; <a href="https://t.co/a6aNMV9weD">pic.twitter.com/a6aNMV9weD</a>
&mdash; Metaplanet Inc. (@Metaplanet_JP) <a href="https://twitter.com/Metaplanet_JP/status/1939519938110079335?ref_src=twsrc%5Etfw">June 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Michael Saylor's Strategy was sitting pretty at the top with 592,345 BTC, worth over $64 billion. Leading Bitcoin mining firms like MARA and Riot following suit.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Company</td>
<td>BTC Holdings</td>
</tr>
<tr>
<td>Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</td>
<td>592,345</td>
</tr>
<tr>
<td>MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>)</td>
<td>49.859</td>
</tr>
<tr>
<td>Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>)</td>
<td>19,225</td>
</tr>
</tbody>
</table>
</figure>
MSTR stock demonstrated a very high momentum score as of this writing. But how does it stack against Coinbase? Find out by visiting <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="448" height="190" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30020856/image-430.png" alt="" class="wp-image-966273" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30020856/image-430.png 448w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30020856/image-430-300x127.png 300w" sizes="(max-width: 448px) 100vw, 448px" /></a></figure>
Why It Matters: Metaplanet's aggressive Bitcoin-buying blitz has taken the cryptocurrency world by storm. Just earlier this month, it <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45957733/metaplanet-surpasses-coinbase-in-bitcoin-holdings-with-117-million-purchase-japans-crypto-giant-now-targets-1-of-btc-supply-by-2027">overtook</a> cryptocurrency behemoth Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) in BTC holdings.&nbsp;
The frantic pace of purchases in the last year could be gauged by the fact that just about a year ago, it had only 141 BTC in its reserves. The company revised its ambitious target to hold over 210,000 BTC by end-2027.
Metaplanet executives have publicly acknowledged Saylor and his Bitcoin holding company as their inspiration.
<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">This is a special video message from <a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw">@saylor</a>, recorded for Metaplanet's shareholders and shown at our Annual General Meeting today. Michael's leadership continues to inspire our mission to build a Bitcoin-first future in Japan and beyond. Thank you, Michael. We're proud to walk… <a href="https://t.co/UxpKoGsANE">pic.twitter.com/UxpKoGsANE</a>
&mdash; Simon Gerovich (@gerovich) <a href="https://twitter.com/gerovich/status/1904149985396224230?ref_src=twsrc%5Etfw">March 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $108,291.50, up 0.88% 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>.
Photo Courtesy: Rido on Shutterstock.com
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Japanese Bitcoin Stock: Michael Saylor-Inspired Company Leaves Galaxy, CleanSpark Trailing, Becomes Fifth-Largest BTC Corporate Holder

Macro Economic Events

Econ #s

Economics

Germany Retail Sales MoM For May -1.6% Vs. 0.5% Est.; -0.6% (Revised) Prior

U.K. Gross Domestic Product (QoQ) For Q1 0.7% Vs.0.7% Est.; 0.1% Prior

U.K. Gross Domestic Product (YoY) For Q1 1.3% Vs. 1.3% Est.; 1.5% Prior

U.K. Current Account For Q1 -23.5B Vs. -19.7B Est.; -21.0B Prior

U.K. Business Investment (QoQ) For Q1 3.9% Vs. 5.9% Est.; -1.9% Prior

Sen. Thom Tillis (R-N.C.) said Sunday he will not run again in 2026, a decision that landed less than 24 hours after he crossed President Donald Trump on a marquee tax-and-immigration bill and drew an instant primary threat.
What Happened: Serving in the U.S. Senate has been a &#8220;blessing,&#8221; the two-term lawmaker, 64, wrote, recalling a rise from making minimum wage and living at a trailer park to Capitol Hill? Tillis and Sen. Rand Paul (R-Ky.) were the only Republicans to <a href="https://www.benzinga.com/news/politics/25/06/46159430/trumps-major-bill-advances-in-senate-amid-late-night-vote-salt-provision-compromise-stirs-controversy">oppose opening debate</a> on Trump's $4 trillion "One Big Beautiful Bill Act," prompting Trump to vow on Truth Social to meet with &#8220;numerous people" eager to oust Tillis in a GOP primary. "Tillis is a talker and complainer, NOT A DOER," Trump wrote.
The President later hailed Tillis's exit as "Great News!" to supporters online.
See also: <a href="https://www.benzinga.com/news/politics/25/06/46160881/bernie-sanders-slams-trumps-big-beautiful-bill-as-a-gift-for-billionaires-the-most-dangerous-piece-of-legislation-in-modern-history">Bernie Sanders Slams Trump&#8217;s &#8216;Big, Beautiful Bill&#8217; As A Gift For Billionaires: &#8216;The Most Dangerous Piece of Legislation In Modern History&#8217;</a>
Why It Matters: Trump&#8217;s social media outcry initially arrived hours after Tillis declared in a statement that he "cannot support" the president's spending bill in its current form. Tillis warned that the bill's anticipated <a href="https://www.benzinga.com/general/health-care/25/05/45344596/house-republicans-push-880-billion-medicaid-cuts-to-renew-trump-tax-breaks-democrat-warns-millions-will-lose-their-health-care">Medicaid cuts</a> would strip North Carolina, including its hospitals and rural communities, of tens of billions of dollars in funding.
The surprise retirement instantly scrambles the 2026 map in a battleground state Trump won narrowly twice. According to a Politico <a href="https://www.politico.com/news/2025/06/29/thom-tillis-retires-00432045">report</a>, Democrats have courted former governor Roy Cooper, while Republicans eye Trump&#8217;s daughter-in-law and ally Lara Trump. Tillis's exit also highlights the peril for GOP moderates who buck Trump. The party previously censured Tillis for backing gun-safety and same-sex marriage deals.
Meanwhile, the Senate will resume work this week on amendments to the bill that spurred Tillis's break with Trump; passage would return the measure to the House before Independence Day.
Photo Courtesy: Jeffery Edwards on Shutterstock.com
Read next: <a href="https://www.benzinga.com/personal-finance/crowdsourcing/25/06/46160615/congressman-says-nobody-asked-for-the-irs-to-be-americans-tax-preparer-applauds-efforts-to-shut-down-the-irs-direct-file-program">Congressman Says &#8216;Nobody Asked For The IRS To Be Americans&#8217; Tax Preparer,&#8217; Applauds Efforts To Shut Down The IRS Direct File Program</a>

Thom Tillis Pulls Out Of 2026 Re-Election Run After Saying He 'Cannot Support' Trump-Backed 'One Big Beautiful Bill', President Calls It 'Great News'

As Reddit Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) celebrates its <a href="https://www.benzinga.com/general/social-media/24/03/37879478/humble-beginnings-like-nvidia-reddit-was-founded-inside-a-restaurant">20th anniversary</a>, CTO Chris Slowe discussed how the platform's unique blend of AI-powered search and human-driven content distinguishes it from both traditional search engines like 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 and AI companies like OpenAI, as well as social media giants like Elon Musk's X, Meta Platforms, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Instagram and ByteDance-owned TikTok.
What Happened: In an <a href="https://www.theverge.com/reddit/692481/reddit-20th-anniversary-cto-ai-future">interview</a> with The Verge that was published on Saturday, Slowe mentioned that as Reddit enters its third decade, the platform has embraced AI to enhance user experience.
The rollout of tools like Reddit Answers, a feature that uses AI to generate concise summaries from the platform&#8217;s wealth of user-generated content, can be seen as an example of this development.
Slowe emphasized that Reddit's AI tools are distinct because they link back to the original posts, maintaining a direct connection to the community-based content.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45830549/pierre-ferragu-takes-apple-to-task-for-dismissing-the-ai-revolution-has-its-head-in-the-sand" target="_blank" rel="noreferrer noopener">Pierre Ferragu Takes Apple To Task For Dismissing The AI Revolution: ‘Has Its Head In The Sand&#8217;</a>
"If you just want the short summary, it's there. If you want to delve deeper, it's an easier way to get into it," Slowe explained.
Slowe also addressed Reddit's decision to collaborate with AI giants like Google and OpenAI, while protecting its own data. He noted, "We aren't a charity&#8230; don't build your business on our back and expect us not to defend ourselves."
When asked about the competition from AI-powered search tools, Slowe said that Reddit aims to keep its identity intact. "Keep allowing Reddit to be Reddit."&nbsp;
Slowe said that the platform doesn't require users to share their real names. In fact, a user's reputation on the platform is shaped by what they contribute, not by who they are in real life — a model he says stands in drastic contrast to other social media platforms like Instagram, TikTok or Facebook.
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.
Why It's Important: College roommates Steve Huffman and Alexis Ohanian launched Reddit in 2005 and built the fledgling platform on a tight budget until it was acquired by Condé Nast a year later.
The site struggled to find its footing under the media giant's ownership, leading the founders to step away as the company lost its sense of direction.
Eventually, Condé Nast spun Reddit back out as an independent entity. When user discontent reached a boiling point in 2015, Huffman returned as CEO to steer the company through turbulent waters.
Over the next nine years, Reddit regained stability and grew its revenue more than fiftyfold, culminating in a long-awaited IPO nearly two decades after its founding.
Reddit, which made its public debut in March 2024, continues to rank among the world's most-visited websites. According to Semrush, as of April 2025, Reddit.com is the seventh most visited site globally.
It currently has a market cap of $26.38 billion.
Price Action: According to data from <a href="http://pro.benzinga.com/dashboard">Benzinga Pro</a>, Reddit's stock has surged by 210.89% over the past five years, despite being down 13.80% year-to-date. Over the past year alone, shares have climbed 114.75%.
Benzinga's Edge Stock Rankings indicate that Reddit's shares are maintaining an upward trend across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More in-depth performance insights can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30005645/Screenshot-2025-06-30-at-10.22.17%E2%80%AFAM.png" alt="" class="wp-image-966206" /></a></figure>
Photo Courtesy: EvaristoMGD on Shutterstock.com
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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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

RDDT

Reddit Turns 20, CTO Explains Why The Platform Is No Google Or OpenAI But Is Also Unlike X, Instagram And TikTok

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