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SUMMIT THERAPEUTICS INC

Summit Therapeutics

Summit Therapeutics Inc is a biopharmaceutical company that focuses on the discovery, development, and commercialization of novel antibiotics for serious infectious diseases. Its CDI (Clostridiodes difficile infection) product candidate is ridinilazole, an orally administered small molecule antibiotic. It has two geographical segments: the United States and the United Kingdom.

Summit Therapeutics Inc

The Federal Reserve bumped its median forecast for core inflation, which has left analysts divided as some believe that the central bank is overplaying the inflation story, while others say the impact of inflation cannot be overstated.
What Happened: Despite acknowledging that inflation data was &#8220;<a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46006680/powell-holds-line-on-interest-rates-blames-tariff-uncertainty-for-delay-in-cuts">encouraging</a>,&#8221; Jerome Powell noted during his press conference on Wednesday that the <a href="https://www.benzinga.com/markets/economic-data/25/06/46004338/no-rate-cuts-yet-fed-flags-slower-growth-sticky-inflation">inflation median forecast</a> has risen from 2.5% forecast in December, 2.8% in March, to 3.1% now. &#8220;That&#8217;s due to the effects of the tariffs.&#8221; 
Jeffrey Buchbinder, the chief equity strategist, and Jeffrey Roach, the chief economist at LPL Financial, said in their note that &#8220;Inflation&#8217;s importance to financial markets cannot be overstated.&#8221;
They explained, &#8220;Higher inflation can constrain economic growth, tighten financial conditions, drive interest rates higher, and even restrain stock valuations,&#8221; adding that it also &#8220;dampens the present value of future earnings and, historically, correlates with lower stock valuations.&#8221;
However, Jamie Cox, the managing partner at Harris Financial Group, said, &#8220;The Fed continues to overplay the inflation story and isn&#8217;t paying attention to burgeoning demand weakness.&#8221;
&#8220;Concerns from the Fed around deteriorating economic conditions and rising inflation remain roughly balanced and potentially keeping Fed policy changes in the abyss for the foreseeable future,&#8221; said Charlie Ripley, senior investment strategist for Allianz Investment Management.
Northlight Asset Management CIO, Chris Zaccarelli, on the other hand, explained that the Fed was waiting to see if tariffs increase inflation or the jobs market starts to falter, and whichever part of their dual mandate is impacted first will likely guide whichever direction they take, &#8220;although the bias is still toward cutting rates (or at least keeping rates unchanged; not raising rates).&#8221;
Meanwhile, Eric Teal, CIO at Commercia Bank, said that &#8220;The economy is less rate sensitive, and we believe a significant amount of easing would be required to impact consumer behavior.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45993387/trumps-tariffs-trigger-layoffs-monopoly-maker-hasbro-slashes-jobs-these-companies-are-cutting-to">Trump&#8217;s Tariffs Trigger Layoffs: Monopoly Maker Hasbro Slashes Jobs — These Companies Are Cutting Too</a>
Why It Matters: Craig Shapiro, a macro strategist at Bear Traps Report, said in an X post after the conference that &#8220;Powell wasn&#8217;t as dovish as I would have thought.&#8221;
He was skeptical of even two rate cuts by the end of the year, saying, &#8220;Frankly it&#8217;s not even clear to me that he (Powell)is a 2 cuts guy for 2025.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Powell wasn&#39;t as dovish as I would have thought. Frankly it&#39;s not even clear to me that he is a 2 cuts guy for 2025 The Fed sees an economy that has begun to slow with deteriorating labor market momentum and says that still elevated policy uncertainty from tariffs primarily… <a href="https://t.co/sLEOVtGpD7">https://t.co/sLEOVtGpD7</a>
&mdash; Craig Shapiro (@ces921) <a href="https://twitter.com/ces921/status/1935426398069690823?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote>
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Price Action: Major benchmark indices closed mixed after Wednesday&#8217;s announcement of holding the interest rate steady at 4.25%-2.75%.
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, declined slightly on Wednesday. The SPY was down 0.015% at $597.44, while the QQQ was 0.017% lower at $528.99, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
During the market close on Thursday, the futures of the S&amp;P 500, Dow Jones, and the Nasdaq 100 indices were trading lower.
Read Next:
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Photo courtesy: Domenico Fornas / Shutterstock.com

Economics

Jerome Powell Blames Trump Tariffs For Inflation—Analyst Claps Back, Says Fed Is 'Overplaying' The Card

Israel Defense Forces conducted a significant overnight military operation against Iran, deploying 40 fighter jets that struck dozens of military targets using over 100 munitions, according to official IDF statements. 
What Happened: The strikes targeted critical infrastructure in Tehran and other Iranian regions, marking a major escalation in regional tensions.
The operation specifically targeted an inactive nuclear reactor in Iran&#8217;s Arak region, including its reactor shielding structure essential for plutonium production. The facility, under construction since 1997 but never completed due to international intervention, was originally designed to produce weapons-grade plutonium. 
Iran had deliberately halted conversion efforts that would have prevented weaponization capabilities, using the reactor as leverage against Western powers.
Israeli forces also struck the Natanz nuclear weapons development site, which houses specialized equipment and components that accelerate Iran&#8217;s nuclear weapons program. The IDF stated the strikes were designed to undermine Iran&#8217;s nuclear weapons capabilities permanently.
Additional targets included Iranian military production facilities manufacturing ballistic missile components, air-defense systems, and missile assembly materials. Air defense batteries, missile storage sites, radars, and related military infrastructure were destroyed during the operation.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">תקיפות חיל האוויר הלילה באיראן: 40 מטוסי קרב תקפו עשרות מטרות צבאיות עם יותר מ-100 חימושים צה״ל תקף כור גרעיני שאינו פעיל במרחב אראכ שבאיראן 40 מטוסי קרב של חיל האוויר תקפו במהלך הלילה, בהכוונה מודיעינית מדויקת של אגף המודיעין, עם יותר מ-100 חימושים, עשרות מטרות צבאיות בטהראן… <a href="https://t.co/llhYbkFXIF">pic.twitter.com/llhYbkFXIF</a>
&mdash; צבא ההגנה לישראל (@idfonline) <a href="https://twitter.com/idfonline/status/1935574764862492767?ref_src=twsrc%5Etfw">June 19, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/events/25/06/46011237/trump-was-confronted-at-g7-by-canadas-indigenous-honor-guard-who-said-he-was-filled-with-rage-but-delivered-a-message-of-peace">Trump Was Confronted At G7 By Canada&#8217;s Indigenous Honor Guard Who Said He Was &#8216;Filled With Rage,&#8217; But Delivered A Message Of &#8216;Peace&#8217;</a>
Why It Matters: U.S. markets responded with cautious trading as investors weighed geopolitical implications. S&amp;P 500 futures declined 0.32% to 6,014.75, while Nasdaq futures dropped 0.48% to 21,840.50. 
President Donald Trump remained noncommittal about <a href="https://www.benzinga.com/markets/market-summary/25/06/46010350/as-trump-weighs-options-on-iran-dow-futures-slip-defense-stocks-tick-up-in-after-hours-session">potential U.S. military support for Israel</a>, telling reporters &#8220;I may do it, I may not do it&#8221; when asked about striking Iran. A White House Situation Room meeting addressed the conflict, though details remain classified.
Iranian Supreme Leader Ali Khamenei characterized the strikes as evidence of Israeli weakness, stating that American involvement demonstrates &#8220;that regime&#8217;s weakness and inability.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The very fact that the Zionist regime's American friends have entered the scene and are saying such things is a sign of that regime's weakness and inability.
&mdash; Khamenei.ir (@khamenei_ir) <a href="https://twitter.com/khamenei_ir/status/1935367026479960399?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote>
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Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/46011509/bill-ackman-calls-for-northrops-b-2-bombers-boeings-gbu-57s-to-help-israel-finish-the-job-in-gaza-pave-way-for-trumps-nobel-peace-prize">Bill Ackman Calls For Northrop&#8217;s B-2 Bombers, Boeing&#8217;s GBU-57s To Help Israel &#8216;Finish The Job&#8217; In Gaza, Pave Way For Trump&#8217;s &#8216;Nobel Peace Prize&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

News

iShares Dow Jones US Aerospace & Defense Index Fund

SHLD

Israel Launches Overnight Strikes On Iran, Targeting Nuclear Site, Military Infrastructure With 40 Fighter Jets

The Federal Reserve left its <a href="https://www.benzinga.com/markets/economic-data/25/06/46004338/no-rate-cuts-yet-fed-flags-slower-growth-sticky-inflation">benchmark rate unchanged</a> at 4.25%-4.50% for a sixth straight meeting and Chair Jerome Powell signaled no near-term cuts despite mounting <a href="https://www.benzinga.com/news/politics/25/06/45999380/trump-powell-again-markets-breathe-iran-rejects-demands">White House pressure</a>. While traders still price in two quarter-point reductions later this year, the Fed's pause keeps borrowing costs and deposit payouts locked near current levels across the economy.
<h3 class="wp-block-heading">What It Means For Savers?</h3>
Checking and savings: The average interest on basic checking remains 0.07%, according to the FDIC and standard savings pay just 0.38%, leaving everyday depositors with microscopic earnings. High-yield online accounts still offer about 4–4.7% according to NerdWallet, so shopping around matters more than ever.
Money markets: Traditional money-market accounts average 0.59%, but top high-yield versions also skirt the 4% line, offering a better parking spot for large cash cushions.
Certificates of deposit: The typical 12-month CD yields 1.62% as <a href="https://www.forbes.com/advisor/banking/cds/cd-calculator/">per</a> Forbes, yet national leaders advertise yields of more than 4%. Savers willing to open an online account or lock up funds longer can quadruple that rate.
See also: <a href="https://www.benzinga.com/news/politics/25/06/46010639/elizabeth-warren-says-americans-deserve-lower-interest-rates-but-trumps-reckless-tariffs-stand-in-the-way-the-fed-is-getting-boxed-out">Elizabeth Warren Says Americans &#8216;Deserve&#8217; Lower Interest Rates, But Trump&#8217;s &#8216;Reckless&#8217; Tariffs Stand In The Way: &#8216;The Fed Is Getting Boxed Out&#8217;</a>
<h3 class="wp-block-heading">What It Means For Borrowers?</h3>
Mortgages: Thirty-year fixed home-loan rates hover near 6.8% according to an AP <a href="https://apnews.com/article/mortgage-rates-housing-interest-financing-home-d16e61390390d6b96a75c1c98e91276f">report</a>, down slightly but still double pandemic lows. Forecasts from Realtor.com <a href="https://www.realtor.com/news/trends/mortgage-rates-experts-predict-fed-rate-cut">suggest</a> rates will stay in the 6–7% corridor into 2026 unless growth stalls.
Personal loans: Average APRs sit at 12.65%, up three points from pre-2023 levels as per Bankrate. Analysts say meaningful relief will lag any eventual Fed cuts by months.
Credit cards: Credit-card APRs have climbed with every Fed move since 2022. The average rate sits above 21%, Investopedia <a href="https://www.investopedia.com/average-credit-card-interest-rate-5076674?">reports</a>.
Photo Courtesy: Poetra.RH On Shutterstock.com
Read next: <a href="https://www.benzinga.com/news/politics/25/06/46011509/bill-ackman-calls-for-northrops-b-2-bombers-boeings-gbu-57s-to-help-israel-finish-the-job-in-gaza-pave-way-for-trumps-nobel-peace-prize">Bill Ackman Calls For Northrop&#8217;s B-2 Bombers, Boeing&#8217;s GBU-57s To Help Israel &#8216;Finish The Job&#8217; In Gaza, Pave Way For Trump&#8217;s &#8216;Nobel Peace Prize&#8217;</a>

Personal Finance

Jerome Powell-Led Fed Has Left Interest Rate Unchanged: What Does It Mean For Savings, Mortgages, Credit Cards And Your Bank Account

111 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YI#NASDAQ">YI</a>) reported quarterly losses of $(0.20) per share. This is unchanged from the same period last year. The company reported $486.35 million in sales this quarter. This is a 0.48 percent decrease over sales of $488.68 million the same period last year.

Earnings

111 Q1 Adj. EPADS $(0.20), Same YoY, Sales $486.35M Down From $488.68M YoY

President&nbsp;Donald Trump&nbsp;has reportedly given the go-ahead for potential military action against Iran, with the final decision contingent on Tehran&#8217;s response to the ongoing Israel-Iran conflict.
What Happened:  Trump has privately authorized plans for a potential attack on Iran, but has not yet issued the final order, The Wall Street Journal <a href="https://www.wsj.com/livecoverage/iran-israel-conflict-news">reported</a> on Wednesday. The President is waiting to see if Iran will comply with his demands to abandon its nuclear program.
Trump has publicly acknowledged the possibility of an attack, stating, &#8220;I&nbsp;have ideas on what to&nbsp;do but I haven't made&nbsp;a final—I like to make&nbsp;the final decision one second&nbsp;before it's due.&#8221;
The Pentagon is preparing for any eventuality, ensuring maximum force protection. Trump hopes that the threat of joining Israel&#8217;s ongoing strikes on Iran will force Tehran to meet his demands. However, he acknowledged that he might still decide against a U.S. attack.
As Trump deliberates his next move, the U.S. military continues deploying forces to Europe and the Middle East. Meanwhile, Iran has declared it will not enter negotiations under the threat of military force and has vowed to retaliate if attacked.
Hegseth said Wednesday that the U.S. is bolstering its defenses in the Middle East—a key move given that any strike on Iran's Fordow facility could provoke retaliation from Tehran against American troops and bases in the area.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46009971/trump-cheers-incredible-stablecoin-bill-passed-by-senate-get-it-to-my-desk-asap-no-delays" target="_blank" rel="noreferrer noopener">Trump Cheers ‘Incredible' Stablecoin Bill Passed By Senate: ‘Get It To My Desk, ASAP — No Delays</a>
Why It Matters: The potential for military action against Iran comes at a time of heightened tensions in the Middle East. The ongoing conflict between Israel and Iran has been escalating, with Israel launching airstrikes against Iran&#8217;s nuclear infrastructure and military leadership.
Trump&#8217;s consideration of a U.S. attack on Iran has implications for global security and geopolitical stability. The situation is further complicated by the recent&nbsp;<a href="https://www.benzinga.com/news/politics/25/06/46010064/ayatollah-assassination-discussion-rejected-by-putin-i-do-not-even-want-to-discuss-this-possibility">rejection of discussions</a> about the potential assassination of Ayatollah Ali Khamenei&nbsp;by Russian President Vladimir Putin. This indicates a strong stance in support of Iran&#8217;s leadership, potentially complicating any U.S. military action.
The possibility of military action against Iran has also impacted financial markets, with U.S. stock futures slipping as Trump weighs his options. The<a href="https://www.benzinga.com/markets/market-summary/25/06/46010350/as-trump-weighs-options-on-iran-dow-futures-slip-defense-stocks-tick-up-in-after-hours-session"> defense sector </a>is seeing a slight uptick in after-hours trading, reflecting investor uncertainty and the potential for increased defense spending.
Trump&#8217;s comments on Iran also come in the wake of Federal Reserve Chair&nbsp;Jerome Powell&#8217;s&nbsp;decision to&nbsp;keep <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46006680/powell-holds-line-on-interest-rates-blames-tariff-uncertainty-for-delay-in-cuts">interest rates </a>unchanged, citing trade and geopolitical risks as factors affecting the economic outlook.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/events/25/06/45993589/kevin-oleary-says-the-last-48-hours-at-the-g7-summit-prove-these-two-things-are-what-matters-most-to-" target="_blank" rel="noreferrer noopener">Kevin O&#8217;Leary Says &#8216;The Last 48 Hours&#8217; At The G7 Summit Prove These Two Things Are What &#8216;Matters Most To Every Aspect Of The Economy&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump Greenlights Iran Attack Plans, Awaits Tehran's Next Move For Final Order: Report

Nvidia Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) venture capital arm, NVentures, has joined a $650 million funding round for TerraPower, a nuclear energy company founded by Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) co-founder Bill Gates.
What Happened: The investment also includes participation from HD Hyundai and aims to bring TerraPower's Natrium reactor <a href="https://www.benzinga.com/news/24/06/39263769/bill-gates-terrapower-ventures-into-advanced-nuclear-plant-construction-aiming-to-combat-climate-cri">online in Wyoming by 2030</a>.
TerraPower's reactor design, developed with the U.S. Department of Energy's Advanced Reactor Demonstration Project, features a 345-megawatt small modular reactor (SMR) coupled with a molten salt energy storage system that can scale up to 1 gigawatt.
Construction has begun on non-nuclear parts of the facility, but <a href="https://www.benzinga.com/news/24/06/39263769/bill-gates-terrapower-ventures-into-advanced-nuclear-plant-construction-aiming-to-combat-climate-cri">full regulatory approval</a> from the Nuclear Regulatory Commission is not expected until 2026, <a href="https://www.theregister.com/2025/06/18/nvidia_ai_smr_investment/">reported</a> The Register.
See Also: &nbsp;<a href="https://benzinga.com/markets/macro-economic-events/25/06/45988656/elon-musk-warns-us-faces-de-facto-bankruptcy-if-37-trillion-debt-not-tackled-peter-" target="_blank" rel="noreferrer noopener">Elon Musk Warns US Faces ‘De Facto' Bankruptcy If $37 Trillion Debt Not Tackled, Peter Schiff Says, ‘We Are Already Bankrupt'</a>
The company originally planned to launch in 2028, but delays followed the loss of its <a href="https://www.benzinga.com/news/22/12/30104492/bill-gates-backed-terrapowers-nuclear-plant-delayed-amid-limited-fuel-supply-from-russia">Russian fuel supply after</a> the Ukraine invasion.
Why It's Important: With generative AI models demanding massive computing power, data centers are struggling to find clean, scalable and reliable energy sources. Nuclear energy—particularly small modular reactors—is <a href="https://www.benzinga.com/content/45335750/google-is-betting-big-on-nuclear-reactors-should-you">increasingly viewed by tech giants</a> as a long-term solution.
Head of NVentures, Mohamed Siddeek, said nuclear will be essential "as AI continues to transform industries."
TerraPower has already signed an <a href="https://www.benzinga.com/25/03/44438883/bill-gates-says-nuclear-energy-can-solve-ais-power-crisis-terrapowers-bold-deal-marks-a-new-era-for-u-s-data-centers">agreement to supply nuclear power</a> to Sabey Data Centers and joins a <a href="https://www.benzinga.com/news/23/12/36201383/microsofts-nuclear-power-play-can-ai-revolutionize-energy-for-tech-giants">growing list of nuclear efforts</a> across the tech sector. Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Microsoft and 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 have all <a href="https://www.benzinga.com/news/24/10/41358363/nuclear-stocks-soar-as-amazon-becomes-latest-tech-giant-to-invest-in-nuclear-power">announced partnerships</a> or projects involving nuclear energy.
Price Action: Nvidia shares have risen 5.18% since the start of the year and are up 11.24% over the past 12 months. On Wednesday, the stock advanced 0.94% to close at $145.48, per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga&#8217;s Edge Stock Rankings indicate consistent upward momentum for Nvidia across short-, medium and long-term timeframes. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">Additional performance insights 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/2025/06/19023716/Screenshot-2025-06-19-at-11.45.39%E2%80%AFAM.png" alt="" class="wp-image-954818" /></a></figure>
Read More:
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<li><a href="https://benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-f" target="_blank" rel="noreferrer noopener">‘Most People Don&#8217;t Have The B&#x2A;&#x2A;ls To Do It,&#8217; Says Mark Cuban, Praising Musk For Going ‘All In&#8217; With His Own Money For His Startups</a></li>
</ul>
Photo: Hepha1st0s On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

AMZN

GOOG

GOOGL

MSFT

NVDA

Bill Gates Lands Nvidia As Partner In $650 Million Nuclear Push To Power AI Revolution

Lockheed Martin Skunk Works&#xAE; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4452676-1&amp;h=1128739475&amp;u=http%3A%2F%2Fwww.electra.aero%2F&amp;a=Electra.aero%2C+Inc.">Electra.aero, Inc.</a> ("Electra") signed a Memorandum of Understanding to explore opportunities for Electra's EL9 ultra-short takeoff and landing (Ultra-STOL) aircraft.
Lockheed Martin, a global defense technology company, will collaborate with Electra to explore ways to accelerate the development of the EL9 in areas including digital engineering, manufacturing, supply chain, sustainment, and global business development.
Additionally, the Skunk Works and Electra teams will assess opportunities for potential programs of record with the U.S. Department of Defense and global customers.
The Electra EL9 will transform commercial and military aviation for applications including last mile logistics, mobile power generation and emergency response. The Ultra-STOL EL9 can quietly take off and land in 150 feet and from unimproved surfaces, enabling operations in austere areas while retaining the safety, cost and range benefits of a fixed-wing aircraft. The EL9's ability to carry 1,000 lbs. over 1,000 miles enables an array of novel use cases for commercial and defense users.
The agreement deepens the strategic relationship between Lockheed Martin and Electra. In 2022, Lockheed Martin Ventures signed a strategic cooperation agreement to invest in Electra's Series A funding round.

Lockheed Martin Skunk Works And Electra.aero Sign MOU To Accelerate Development Of EL9 Ultra-STOL Aircraft For Defense And Commercial Applications

During the Paris Air Show, Textron Aviation Defense LLC., a <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.textron.com%2F&amp;esheet=54278008&amp;newsitemid=20250618711147&amp;lan=en-US&amp;anchor=Textron+Inc.&amp;index=1&amp;md5=fb94da89109dfde196e2fef11daa8c23">Textron Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) company, and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.taithailand.com%2FEN%2Fhome&amp;esheet=54278008&amp;newsitemid=20250618711147&amp;lan=en-US&amp;anchor=Thai+Aviation+Industries+Co.%2C+Ltd.&amp;index=2&amp;md5=392a27b6f128a20f5f9efb0116a35f6a">Thai Aviation Industries Co., Ltd.</a> signed a Memorandum of Agreement to work together on a sustainment program for the Royal Thai Air Force (RTAF). This program will support RTAF's fleets of Beechcraft T-6TH and AT-6TH aircraft.
The <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fdefense.txtav.com%2Fen%2Ft-6c&amp;esheet=54278008&amp;newsitemid=20250618711147&amp;lan=en-US&amp;anchor=Beechcraft+T-6TH&amp;index=3&amp;md5=20e6ecbd7088577f7b76784d438c92a6">Beechcraft T-6TH</a> trainer and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fdefense.txtav.com%2Fen%2Fat-6&amp;esheet=54278008&amp;newsitemid=20250618711147&amp;lan=en-US&amp;anchor=AT-6TH&amp;index=4&amp;md5=f441984abdd2e546873446069d7d552d">AT-6TH</a> light attack aircraft are designed and manufactured by <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fdefense.txtav.com%2F&amp;esheet=54278008&amp;newsitemid=20250618711147&amp;lan=en-US&amp;anchor=Textron+Aviation+Defense+LLC&amp;index=5&amp;md5=ce0632406b13c618d1d3e096f4a67fa4">Textron Aviation Defense LLC</a>., a wholly owned subsidiary of <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Ftxtav.com%2F&amp;esheet=54278008&amp;newsitemid=20250618711147&amp;lan=en-US&amp;anchor=Textron+Aviation+Inc.&amp;index=6&amp;md5=0d8933d54285b3e2e453faf7b4a262c8">Textron Aviation Inc.</a>
Textron Aviation Defense, based in Wichita, Kansas, USA, is the original equipment manufacturer (OEM) for these aircraft. Thai Aviation Industries, located in Bangkok, Thailand, is the prime contractor for this program and has a long history of providing support for RTAF.
 &nbsp;

Textron Aviation Defense And Thai Aviation Industries Sign Memorandum Of Agreement At Paris Air Show To Sustain Royal Thai Air Force's T-6TH And AT-6TH Fleets

<ul>
<li>The companies will work together to design the passenger experience, deploy charging infrastructure and integrate Archer's Midnight eVTOL aircraft into daily operations across Jetex's international portfolio of 40 private aircraft terminals in more than 30 countries.</li>
<li>This strategic alliance builds on Archer's growing infrastructure network and partnerships with other leaders in the industry, establishing a vertiport network that can support the growth of Archer's air taxi operations globally.</li>
</ul>
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.archer.com&amp;esheet=54278578&amp;newsitemid=20250618354819&amp;lan=en-US&amp;anchor=Archer&amp;index=1&amp;md5=77f8e27d7a3ea370de1e1480dc3eb69e">Archer</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) today announced a strategic partnership with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.jetex.com%2F&amp;esheet=54278578&amp;newsitemid=20250618354819&amp;lan=en-US&amp;anchor=Jetex&amp;index=2&amp;md5=cc0f9f6a4f46daec65d4d87243e9e695">Jetex</a>, a leading global aviation services provider, focused on developing infrastructure across Jetex's international portfolio of private terminals to support Archer's planned commercial air taxi network1.
This collaboration, planned to focus initially on infrastructure in the United Arab Emirates, is expected to expand to additional sites around the world across Jetex's global portfolio, which includes 40 private aircraft terminals in more than 30 countries.
Building upon Archer's prior partnerships with other leading infrastructure providers, this approach advances Archer's plans to scale a vertiport network that can support the growth plans for Archer's air taxi operations globally.
Under this partnership, the two companies plan to enhance Jetex's strategically located fixed base operator (FBOs) locations to better suit Archer's <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.archer.com%2Fmidnight&amp;esheet=54278578&amp;newsitemid=20250618354819&amp;lan=en-US&amp;anchor=Midnight+aircraft&amp;index=3&amp;md5=46bcfc43eefa1e0a20353c3b6e96cd36">Midnight aircraft</a>. Archer plans to work with Jetex to design the passenger experience and integrate eVTOL aircraft into daily operations. These upgrades will be paired with Jetex's luxury service standards to deliver an efficient, tech-enabled customer journey.

Global

ACHR

Archer And Jetex Announce Strategic Global Partnership To Launch Air Taxi Charging Infrastructure And Integrate Archer's Midnight eVTOL Aircraft Into Daily Operations Across Jetex's International Portfolio Of 40 Private Aircraft Terminals In More Than 30 Countries

Economic sentiments among some of America&#8217;s top corporate leaders have taken a sharp dip during the second quarter, reaching their lowest level since 2020.
What Happened: On Wednesday, the Business Roundtable, a non-profit lobbyist association, released its second quarter of 2025 CEO Economic Outlook Survey, a composite index that tracks the plans and predictions of leading CEOs and their organizations for the next 6 months.
This time around, the reading showed a 15-point decline in sentiments to 69, marking its lowest level since the COVID-19 pandemic in 2020, based on a survey conducted from June 2 to June 13.
The decline places the index well below its historical average of 83, but it is still above the 50-point threshold, a sign that the economy continues to expand despite the uncertainties. 
See Also: <a href="https://www.benzinga.com/news/politics/25/06/46010639/elizabeth-warren-says-americans-deserve-lower-interest-rates-but-trumps-reckless-tariffs-stand-in-the-way-the-fed-is-getting-boxed-out">Elizabeth Warren Says Americans &#8216;Deserve&#8217; Lower Interest Rates, But Trump&#8217;s &#8216;Reckless&#8217; Tariffs Stand In The Way: &#8216;The Fed Is Getting Boxed Out&#8217;</a>
Subindices for hiring, capital expenditure and sales growth witnessed similar declines, dropping 19, 15, and 11 points, from the prior quarter, respectively.
According to Business Roundtable&#8217;s CEO, Joshua Bolten, &#8220;Driving this quarter's decline in the Index is broad-based uncertainty, arising substantially from an unpredictable trade policy environment.&#8221;
He also said that &#8220;extending and enhancing tax reform is critical, but it is not sufficient,&#8221; since the country&#8217;s businesses need the administration to pursue and close trade deals, which can help provide much-needed certainty for investment decisions. 
Why It Matters: A recent CFO survey, taken a couple of months ago by Duke University and the Federal Reserve Banks of Richmond and Atlanta, <a href="https://www.benzinga.com/government/regulations/25/03/44492183/cfos-increasingly-alarmed-over-tariffs-as-business-confidence-wavers-15-say-they-are-concerned-about-duties-in-q1">indicated similar trends</a>, with most CFOs expressing concerns regarding President Donald Trump&#8217;s tariffs and duties.
The Employee Confidence Index, a survey conducted by Glassdoor in March, plunged to 44.4%, <a href="https://www.benzinga.com/politics/25/03/44461799/employee-confidence-hits-new-low-as-economic-anxiety-grows">its lowest level</a> since the study first began in 2016, with employees becoming more concerned regarding inflation and recessions than they were a couple of months ago. 
According to the survey, public sector employees were the least confident about the future, with a score of just 38.1%, due to the changes brought about by the Elon Musk-led Department of Governmental Efficiency. 
Photo Courtesy: Peshkova on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/topics/25/06/46010921/palantirs-head-of-defense-says-xi-jinping-is-decoupling-from-us-warns-america-risks-losing-leverage-if-china-tech-shift-goes-unchecked">Palantir&#8217;s Head Of Defense Says &#8216;Xi Jinping Is Decoupling From Us&#8217; — Warns America Risks Losing Leverage If China Tech Shift Goes Unchecked</a></li>
</ul>

'Unpredictable Trade Policy Environment' Sinks CEO Sentiment To Pandemic-Era Lows In Business Roundtable Survey

Billionaire hedge fund manager Bill Ackman is advocating for direct U.S. military intervention in Gaza, proposing the deployment of Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) B-2 Spirit bombers equipped with Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) GBU-57 bunker-buster bombs to help Israel conclude its military campaign.
What Happened: Writing on X Wednesday, the Pershing Square Capital Management CEO outlined a comprehensive Middle East peace plan that would position President Donald Trump for a &#8220;Nobel Peace Prize.&#8221; 
&#8220;How about the following? The United States helps Israel finish the job with some B-2s and some GBU-57s,&#8221; Ackman wrote, calling for Israel to end the Gaza conflict in exchange for hostage returns and Saudi-funded reconstruction.
Ackman&#8217;s proposal specifically references advanced U.S. military hardware designed for precision strikes on fortified targets. 
The GBU-57 Massive Ordnance Penetrator is a precision-guided bunker buster designed to strike deep underground targets. It can be carried by the B-2 Spirit stealth bomber.
The comments <a href="https://www.benzinga.com/news/events/25/06/45966450/bill-ackman-warns-iran-an-existential-threat-to-america-says-it-is-time-to-finish-the-job">escalate Ackman&#8217;s previous statements</a> calling Iran &#8220;an existential threat to Israel, America and the world.&#8221; Earlier this month, he argued against negotiations with Tehran, stating &#8220;it is time to finish the job&#8221; regarding Iran&#8217;s nuclear program.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">How about the following? The United States helps Israel finish the job with some B-2s and some GBU-57s. Israel ends the Gaza war in exchange for the return of the hostages, a commitment for a new civilian government in Gaza, and reconstruction overseen and funded by the Saudis…
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1935421336157053172?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/events/25/06/46011237/trump-was-confronted-at-g7-by-canadas-indigenous-honor-guard-who-said-he-was-filled-with-rage-but-delivered-a-message-of-peace">Trump Was Confronted At G7 By Canada&#8217;s Indigenous Honor Guard Who Said He Was &#8216;Filled With Rage,&#8217; But Delivered A Message Of &#8216;Peace&#8217;</a>
Defense stocks have shown volatility amid Middle East tensions. After-hours trading Wednesday <a href="https://www.benzinga.com/markets/market-summary/25/06/46010350/as-trump-weighs-options-on-iran-dow-futures-slip-defense-stocks-tick-up-in-after-hours-session">showed gains for major contractors</a>: Northrop Grumman up 0.88%, RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) up 0.60%, and Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) up 0.30%. The Global X Defense Tech ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHLD#NASDAQ">SHLD</a>) has surged 56.80% year-to-date.
Trump has maintained strategic ambiguity <a href="https://www.benzinga.com/markets/market-summary/25/06/46010350/as-trump-weighs-options-on-iran-dow-futures-slip-defense-stocks-tick-up-in-after-hours-session">regarding potential U.S. involvement</a>, telling reporters Wednesday, &#8220;I may do it, I may not do it&#8221; when asked about striking Iran. The president warned Tehran residents to evacuate &#8220;immediately&#8221; earlier this week, stating &#8220;Iran can not have a nuclear weapon.&#8221;
Ackman&#8217;s vision extends beyond <a href="https://www.benzinga.com/markets/25/05/45414969/trump-attempts-to-make-good-on-his-proposal-for-a-middle-eastern-riviera-but-in-dubai-jeddah-and-riy">military action to economic transformation</a>. He proposes expanding the Abraham Accords to include Saudi Arabia, predicting &#8220;an economic boom emerges in the Middle East&#8221; with Gaza becoming &#8220;a beautiful place to live and work.&#8221;
The investor&#8217;s peace plan reflects former President Barack Obama&#8216;s 2009 Nobel Peace Prize recognition. 
Both defense contractors, Northrop Grumman and Boeing, show strong momentum but rank poorly on valuation, according to Benzinga Edge Stock Rankings. NOC also maintains a positive price trend across short-, medium-, and long-term timeframes. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here to view the full breakdown</a> of BA.
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="880" height="632" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19023322/image-296.png" alt="" class="wp-image-954814" style="width:579px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19023322/image-296.png 880w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19023322/image-296-300x215.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19023322/image-296-768x552.png 768w" sizes="(max-width: 880px) 100vw, 880px" /></a></figure>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/topics/25/06/46010921/palantirs-head-of-defense-says-xi-jinping-is-decoupling-from-us-warns-america-risks-losing-leverage-if-china-tech-shift-goes-unchecked">Palantir&#8217;s Head Of Defense Says &#8216;Xi Jinping Is Decoupling From Us&#8217; — Warns America Risks Losing Leverage If China Tech Shift Goes Unchecked</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Mike Mareen / Shutterstock.com

Politics

Bill Ackman Calls For Northrop's B-2 Bombers, Boeing's GBU-57s To Help Israel 'Finish The Job' In Gaza, Pave Way For Trump's 'Nobel Peace Prize'

The National Transport Safety Board, or NTSB, has issued a safety warning over engines used in aircraft manufactured by Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSF#OTC">EADSF</a>).
What Happened: The agency warned that the CFM International Leap 1B engine could potentially let in smoke into the aircraft's cabin or cockpit when damaged, the agency said in a statement issued on Wednesday.
"The NTSB found that the engine load reduction device, or LRD, a safety feature designed to reduce the severity of vibrations transmitted from a damaged engine to the airframe, can result in damage to the engine oil system." the agency said in the statement before adding that such a condition "can allow smoke" to enter aircraft's the ventilation system.
The agency also recommended evaluating other engines from CFM, like Leap 1A and Leap 1C. The recommendations stem from two separate incidents in 2023 when a bird was ingested into the engines, leading to smoke in the aircraft's cabin.
Why It Matters: The news comes in as the aviation industry has been dealing with the aftermath of the Boeing 787 Dreamliner operated by <a href="https://www.benzinga.com/markets/25/06/45911791/boeing-dreamliner-carrying-over-200-passengers-crashes-shortly-after-takeoff-near-indias-ahmedabad-b">Air India Flight 171 </a>crashed in India's Ahmedabad. The crash resulted in over 241 lives lost.
Another Air India 787 Dreamliner returned to <a href="https://www.benzinga.com/markets/equities/25/06/45945153/air-india-boeing-787-8-returns-to-hong-kong-mid-flight-due-to-technical-issue-prompting-fresh-scrutiny-of-airlines-safety-protocols">Hong Kong mid-flight</a> due to a technical glitch, which prompted safety concerns. "AI315 returned to Hong Kong shortly after take-off due to a technical issue. The flight landed safely … and is undergoing checks as a matter of abundant precaution," the company stated.
Elsewhere, Boeing is also <a href="https://www.benzinga.com/markets/equities/25/06/45973965/boeing-lockheed-martin-compete-for-key-role-in-trumps-175-billion-golden-dome-project">vying for defense contracts</a> as part of U.S. President Donald Trump's Golden Dome missile defense system. Interim Defense and Space CEO Steve Parker noted that the aerospace giant has &#8220;done a lot of work&#8221; on the project.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45991614/if-its-boeing-im-not-going-why-some-people-are-turning-their-backs-on-the-american-plane-maker-in-favor-of-rival-airbus">&#8216;If It&#8217;s Boeing, I&#8217;m Not Going:&#8217; Why Some People Are Turning Their Backs On The American Plane Maker In Favor Of Rival Airbus</a></li>
</ul>
Photo courtesy: JHVEPhoto / Shutterstock.com

Equities

EADSF

Safety Concerns Mount For Boeing, Airbus As NTSB Investigates Smoke Risk Linked To Engines

Addex Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADXN#NASDAQ">ADXN</a>) reported quarterly losses of $(1.33) per share. This is a 2.92 percent increase over losses of $(1.37) per share from the same period last year. The company reported $78.93 thousand in sales this quarter. This is a 70.64 percent decrease over sales of $268.83 thousand the same period last year.

ADXN

Addex Therapeutics Q1 EPS $(1.33) Up From $(1.37) YoY, Sales $78.93K Down From $268.83K YoY

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) could see a 120% price increase in 2025 if it sticks to a consistent pattern tied to its four-year growth cycle, on-chain analytics firm CryptoQuant said Wednesday.
What happened: CryptoQuant analyst Carmelo Aleman drew attention to the Bitcoin Yearly Percentage Trend, a metric that tracks Bitcoin's annual price performance since 2011.&nbsp; The indicator reveals a recurring cycle of three years of growth followed by one of consolidation, matching Bitcoin&#8217;s four-year halving cycle.&nbsp;
"The importance of this growth cycle is that, based on this metric, if Bitcoin maintains the pace typical of the third year in the cycle, it could grow about 120% during 2025," Aleman wrote.&nbsp;
If this trend holds, Bitcoin could rise from $93,226 at the start of 2025 to about $205,097 by year-end, marking a cycle top.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Metric That Reveals Bitcoin&#39;s Direction "The importance of this growth cycle is that, based on this metric, if Bitcoin maintains the pace typical of the third year in the cycle, it could grow about 120% during 2025." – By <a href="https://twitter.com/oro_crypto?ref_src=twsrc%5Etfw">@oro_crypto</a> <a href="https://t.co/MevnEKPIru">pic.twitter.com/MevnEKPIru</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1935221187514093804?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote>
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"This places us in the final phase of the current cycle, with important strategic implications for investors aiming to align their positioning with Bitcoin&#8217;s multi-year structure," the analysis read.
Why It Matters: Bitcoin growth cycles have been a subject of great interest in the cryptocurrency community.&nbsp;
Typically, the apex cryptocurrency <a href="https://www.benzinga.com/money/is-the-bitcoin-4-year-market-cycle-real">experiences halvings in the first half of the market cycle</a>. This event could be the catalyst for growth toward new highs, which usually occur around 18 months after the halving.
However, with changing investor dynamics caused by the launch of spot exchange-traded funds and rising institutional interest, some have begun to question the accuracy of these cycles.
Widely followed cryptocurrency analyst and trader Justin Bennett said in September of last year that Bitcoin's four-year cycles won't last for long due to its correlation with broader business cycles.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Warning: This will piss people off, but it needs to be said. Since its inception, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> has followed mostly perfect 3-4 year cycles: 1-2 years of a bear market followed by 1-2 years of a bull market. But that won't last! Bitcoin was created at the start of a short-term… <a href="https://t.co/VkEf7RyyhV">pic.twitter.com/VkEf7RyyhV</a>
&mdash; Justin Bennett (@JustinBennettFX) <a href="https://twitter.com/JustinBennettFX/status/1833867138131492990?ref_src=twsrc%5Etfw">September 11, 2024</a></blockquote>
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Bitcoin veteran and trader Fred Krueger argued that the four-year cycle is based on limited data points and questioned its continuation, given that mining rewards, a key driver of past cycles, have dropped considerably.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">TLDR from today&#39;s spaces. 1. The &quot;Four year cycle&quot; is based on 3 datapoints: 2013, 2017 and 2021. After each of these peaks we crashed. Not clear at all this will happen end of 2025. 2. The &quot;Power Law&quot; doesn&#39;t say anything about 4 year cycles. 3. The BTC ETF adoption cycle is…
&mdash; Fred Krueger (@dotkrueger) <a href="https://twitter.com/dotkrueger/status/1854732918679110075?ref_src=twsrc%5Etfw">November 8, 2024</a></blockquote>
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Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $104,910.24<span style="color: rgb(255, 255, 255); font-family: Inter, -apple-system, BlinkMacSystemFont, &quot;segoe ui&quot;, Roboto, Helvetica, Arial, sans-serif; font-size: 15px; white-space-collapse: collapse; background-color: rgb(13, 20, 33);">, down 0.65% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Photo: Antonio Gravante On Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45988475/us-military-action-on-iran-odds-rise-on-crypto-betting-site-polymarket-as-trump-demands-unconditional-surrender">US Military Action On Iran? Odds Rise On Crypto Betting Site Polymarket As Trump Demands &#8216;Unconditional Surrender&#8217;</a></li>
</ul>

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

Cryptocurrency

Markets

$BTC

Bitcoin Could Pop 120% In 2025 To $205,097 If Current Growth Cycle Indicator Is Anything To Go By, Says This Analyst

Steven Crowchild says he nearly walked off the G7 tarmac rather than greet a man he believes has "caused much pain and suffering in the world," but the Tsuut'ina First Nation leader stayed, prayed and delivered an impromptu plea for peace and clean water directly to President Donald Trump.
What Happened: According to a <a href="https://apnews.com/article/trump-g7-first-nation-crowchild-rage-canada-a0af79321cd4b4f4b6d2a66319206137">report</a> by the Associated Press, Crowchild, wearing a feathered headdress and clutching treaty medals older than Canada itself, told Trump on Sunday night that First Nations need leaders who protect &#8220;water for future generations."
The meeting came as heads of state arrived for the summit outside Calgary. Crowchild was part of an Indigenous honor guard because "no Indigenous representation was there at the time."
&#8220;I was filled with rage&#8221;, he recalled as he considered leaving, but stayed, conceding &#8220;visibility is key and diplomacy is important.&#8221; After consulting elders, he decided to confront Trump face-to-face. "Instead of war, I choose peace," he said, describing the encounter as "really intense."
See also:&nbsp;<a href="https://www.benzinga.com/news/topics/25/06/45988985/israel-says-it-struck-iranian-centrifuge-site-missile-factories-near-tehran-with-over-50-jets-to-disrupt-weapons-program">Israel Says It Struck Iranian Centrifuge Site, Missile Factories Near Tehran With Over 50 Jets To Disrupt Weapons Program</a>
Trump, wearing a white "Make America Great Again" cap, listened for several minutes before Crowchild greeted other leaders with the same message.
Why It Matters: The exchange unfolded as the summit grappled with widening Israel-Iran hostilities and as <a href="https://www.benzinga.com/news/politics/25/06/45965629/trump-exits-g7-summit-early-citing-obvious-reasons-amid-escalating-iran-israel-conflict-gold-oil-etfs-spike-in-after-hours-trading">Trump prepared to leave early</a>, a move that roiled agendas on Ukraine and trade. Ottawa and Washington nevertheless <a href="https://www.benzinga.com/news/politics/25/06/45992119/trump-cuts-g7-visit-short-calls-canada-deal-achievable">vowed to finish</a> a new bilateral deal within 30 days.
Crowchild, an elected Tsuut'ina councillor, said he will judge the outcome by actions, not photo-ops: "Whether he listened or not, time will tell." For now, he added, the U.S. president remains "just another person," and he stood "taller than him as proud Tsuut'ina Isgiya."
Photo Courtesy: Joey Sussman on Shutterstock.com
Read next: <a href="https://www.benzinga.com/markets/tech/25/06/46010756/texas-lawmakers-urge-elon-musks-tesla-to-delay-june-22-robotaxi-launch-till-september-report">Texas Lawmakers Urge Elon Musk&#8217;s Tesla To Delay June 22 Robotaxi Launch Till September: Report</a>

Events

Trump Was Confronted At G7 By Canada's Indigenous Honor Guard Who Said He Was 'Filled With Rage,' But Delivered A Message Of 'Peace'

YouTube, a subsidiary of 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, is <a href="https://www.benzinga.com/25/05/45560919/everyones-losing-their-minds-over-googles-veo-3-ai-videos-and-everyones-also-annoyed-they-cant-actually-use-it-yet-here-are-some-wild-examples-of-the-magic-this-model-can-create">preparing to integrate</a> Veo 3 AI video generation model into Shorts.
What Happened: During a keynote at the Cannes Lions Festival posted on Tuesday, YouTube CEO Neal Mohan announced that the company will roll out Veo 3, Google's latest generative AI video model, to YouTube Shorts later this summer.
Mohan noted that Veo 3 offers higher video quality and audio integration, suggesting Shorts could soon support richer, AI-powered content creation.
However, it remains unclear whether the Veo 3 features will be free for Shorts creators. Currently, Veo 3 access requires a paid subscription to Google's AI Pro or AI Ultra plans. YouTube has not confirmed whether that requirement will apply within Shorts.
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: The move comes as YouTube Shorts surpasses 200 billion daily views, underscoring the platform's rapid growth and its battle for short-form dominance against TikTok and Meta Platforms, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Instagram Reels.
Google unveiled Veo 3 at its annual developer conference last month. The new version now features realistic audio, including sound effects, ambient noise, and spoken dialogue, setting it apart from competitors like OpenAI&#8217;s Sora, Runway ML Gen-4, Meta's MovieGen, Pika Labs and Stability AI's Stable Video 4D 2.0, none of which currently offer audio support.
Benzinga&#8217;s Edge Stock Rankings indicate a consistent upward trajectory for Alphabet over the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed 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/2025/06/19004152/Screenshot-2025-06-19-at-10.08.02%E2%80%AFAM.png" alt="" class="wp-image-954749" /></a></figure>
Photo Courtesy: Shutterstock.com Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45988600/mark-zuckerbergs-meta-dangled-100-million-signing-bonuses-to-openai-team-members-says-sam-altman-happy-none-of-our-best-people-took-them" target="_blank" rel="noreferrer noopener">Mark Zuckerberg's Meta Dangled ‘$100 Million Signing Bonuses' To OpenAI Team Members, Says Sam Altman: Happy ‘None' Of Our Best People Took Them</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

YouTube Shorts Will Soon Feature Veo 3 AI Video Tools With Audio And Higher Quality — But Creators May Need A Paid Plan

Amazon.com Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) robotaxi company, Zoox, has announced its first serial production facility in Hayward, California.
What Happened: The facility can produce over 10,000 Robotaxis annually and spans an area of 220,000 square feet, Zoox said in a statement released on Wednesday. This is the company's second production facility after Fremont in California.
Zoox's robotaxis lack a steering wheel as well as any pedals and feature a pod-like design, which can autonomously transport up to 4 passengers at a time. Zoox rivals Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) robotaxi service Waymo.
Zoox is currently operating in a limited capacity in Las Vegas, San Francisco and Foster City in California for company employees.
Why It Matters: The news comes in as the self-driving taxi sector in the U.S. is growing with multiple players in the mix. Recently, Waymo announced it was <a href="https://www.benzinga.com/markets/tech/25/06/45988738/tesla-robotaxi-rival-waymo-expands-services-in-california-amid-us-autonomous-vehicle-push">expanding its services</a> in California and will now operate across more neighborhoods in Los Angeles, Silicon Valley and the SF Bay Area.
This comes days after the company had <a href="https://www.benzinga.com/markets/tech/25/06/45853688/tesla-robotaxi-rival-waymo-suspends-services-in-downtown-la-following-vandalism-during-anti-ice-protests">halted operations</a> in Downtown Los Angeles over bouts of vandalism against its fleet during the Anti-ICE protests in the city.
Tesla, on the other hand, is gearing up to launch its Robotaxi service in <a href="https://www.benzinga.com/markets/tech/25/06/45876375/elon-musk-says-tesla-robotaxi-rides-begin-june-22-in-austin-full-self-driving-to-enable-home-delivery-by-june-28-were-being-super-paranoid">Austin on June 22. </a>However, Elon Musk's EV giant has been called upon by lawmakers in Texas to <a href="https://www.benzinga.com/markets/tech/25/06/46010756/texas-lawmakers-urge-elon-musks-tesla-to-delay-june-22-robotaxi-launch-till-september-report">delay the launch</a>, citing updated regulations.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="208" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19010745/AMZN-JUN-19-2025-1024x208.jpg" alt="" class="wp-image-954767" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19010745/AMZN-JUN-19-2025-1024x208.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19010745/AMZN-JUN-19-2025-300x61.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19010745/AMZN-JUN-19-2025-768x156.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19010745/AMZN-JUN-19-2025-1536x312.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19010745/AMZN-JUN-19-2025.jpg 1562w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
AMZN scores well on Growth and Quality metrics and offers satisfactory Momentum and 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>
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<li><a href="https://www.benzinga.com/25/05/45599598/amazons-zoox-issues-second-robotaxi-recall-in-a-month-after-san-francisco-crash">Amazon&#8217;s Zoox Issues Second Robotaxi Recall in a Month After San Francisco Crash</a></li>
</ul>
Photo courtesy: Sundry Photography / Shutterstock.com

TSLA

Amazon-Backed Zoox Launches California Robotaxi Plant: Tesla Rival Targets 10,000 Vehicles A Year

Vice President JD Vance&#8216;s debut on the social media platform Bluesky lasted less than 30 minutes before automated systems suspended his account Wednesday, marking another high-profile content moderation incident for the X alternative.
What Happened: Vance posted his first message at 4:50 p.m. ET, writing: &#8220;Hello Bluesky, I&#8217;ve been told this app has become the place to go for common sense political discussion and analysis. So I&#8217;m thrilled to be here to engage with all of you.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-bluesky-social wp-block-embed-bluesky-social"> 
<div class="wp-block-embed__wrapper">
<blockquote class="bluesky-embed" data-bluesky-uri="at://did:plc:tkspefzlu72575kljanhe3uj/app.bsky.feed.post/3lrvv4sv2sc24" data-bluesky-cid="bafyreihy57etibipqayy3xnsucpvph6232nvki53mg2vtnjv2no72k6jt4">Hello Bluesky, I&#39;ve been told this app has become the place to go for common sense political discussion and analysis. So I&#39;m thrilled to be here to engage with all of you.
&mdash; <a href="https://bsky.app/profile/did:plc:tkspefzlu72575kljanhe3uj?ref_src=embed">JD Vance (@jd-vance-1.bsky.social)</a> <a href="https://bsky.app/profile/did:plc:tkspefzlu72575kljanhe3uj/post/3lrvv4sv2sc24?ref_src=embed">2025-06-18T20:49:56.916Z</a></blockquote>
<script async src="https://embed.bsky.app/static/embed.js" charset="utf-8"></script></div>
</figure>
The platform&#8217;s automated impersonation detection system flagged the account as potentially fraudulent, according to a Bluesky spokesperson. &#8220;Vice President Vance&#8217;s account was briefly flagged by our automated systems that try to detect impersonation attempts which have targeted public figures like him in the past,&#8221; the company <a href="https://www.newsweek.com/bluesky-explains-jd-vance-suspension-2087685">told</a> Newsweek.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/46010639/elizabeth-warren-says-americans-deserve-lower-interest-rates-but-trumps-reckless-tariffs-stand-in-the-way-the-fed-is-getting-boxed-out">Elizabeth Warren Says Americans &#8216;Deserve&#8217; Lower Interest Rates, But Trump&#8217;s &#8216;Reckless&#8217; Tariffs Stand In The Way: &#8216;The Fed Is Getting Boxed Out&#8217;</a>
Bluesky restored the account within 20 minutes and added a verification badge. &#8220;We welcome the Vice President to join the conversation on Bluesky,&#8221; the company said.
Why It Matters: The incident highlights ongoing challenges facing social media platforms as they balance automated content moderation with user experience. Bluesky, launched in February 2023, has attracted over 36 million users as an alternative to Elon Musk&#8216;s X platform.
The platform faces pressure to maintain user growth amid <a href="https://www.benzinga.com/news/social-media/25/06/45941107/mark-cuban-criticizes-bluesky-gets-welcome-back-on-x-by-ceo-yaccarino-welcome-home-to-the-true-global-town-square">criticism from prominent users</a>, including Mark Cuban, who recently said Bluesky has &#8220;grown ruder and more hateful&#8221; and lacks &#8220;diversity of thought.&#8221;
In February, Jack Dorsey attributed Bluesky's growth to users fleeing X (formerly Twitter), calling it "not a great way to build a product." He emphasized that Bluesky's appeal lies in its <a href="https://www.benzinga.com/tech/25/02/43757119/jack-dorsey-says-blueskys-rapid-expansion-fueled-by-x-exodus-not-a-great-way-to-build-a-product">user-controlled algorithms</a>, a feature he believes will attract users over time. 
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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: Phil Mistry on Shutterstock.com

Social Media

JD Vance Gets Suspended On BlueSky After First Post, Platform Says It Was A Mistake: 'We Welcome The Vice President'

Mike Gallagher, Head of Defense at Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), warned that Chinese President Xi Jinping is actively decoupling from the United States and that America risks losing negotiating leverage by ignoring this strategic shift.
What Happened: &#8220;Xi Jinping is decoupling from us. If we ignore it, our own attempts at selective decoupling will happen on much less favorable terms,&#8221; Gallagher wrote on X Wednesday.
Gallagher, who represented Wisconsin&#8217;s Eighth District from 2017 to 2024 before joining Palantir, made the comments during an interview with popular Palantir investor Amit Kukreja. He emphasized that China has never adhered to promised trade rules since Xi&#8217;s rise to power in 2013, particularly regarding the &#8220;Made in China 2025&#8221; initiative.
The former congressman cited China&#8217;s $300 billion annual effort to steal critical technology as evidence of systematic decoupling. He advocated for a strategic U.S. response through selective decoupling coordinated with allies, particularly Japan.
Gallagher referenced former Japanese Prime Minister Shinzo Abe&#8216;s vision of &#8220;free flow data with trust&#8221; as a framework for enhanced digital trade agreements that could strengthen U.S.-allied relationships while challenging China&#8217;s technological ambitions.
<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">Xi Jinping is decoupling from us. If we ignore it, our own attempts at selective decoupling will happen on much less favorable terms. <a href="https://t.co/Xqa2mT22a4">pic.twitter.com/Xqa2mT22a4</a>
&mdash; Mike Gallagher (@RepGallagher) <a href="https://twitter.com/RepGallagher/status/1935341558624145487?ref_src=twsrc%5Etfw">June 18, 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/politics/25/06/46010639/elizabeth-warren-says-americans-deserve-lower-interest-rates-but-trumps-reckless-tariffs-stand-in-the-way-the-fed-is-getting-boxed-out">Elizabeth Warren Says Americans &#8216;Deserve&#8217; Lower Interest Rates, But Trump&#8217;s &#8216;Reckless&#8217; Tariffs Stand In The Way: &#8216;The Fed Is Getting Boxed Out&#8217;</a>
Why It Matters: The warning comes amid renewed U.S.-China trade tensions. President Donald Trump recently described Xi as &#8220;very tough&#8221; and &#8220;extremely hard to make a deal with&#8221; on Truth Social, though he maintains <a href="https://www.benzinga.com/news/politics/25/06/45764844/trump-says-he-likes-xi-jinping-of-china-but-calls-him-very-tough-and-extremely-hard-to-make-a-deal-with">personal rapport with the Chinese leader</a>.
Commerce Secretary Howard Lutnick announced this month that both nations reached a framework to implement the Geneva consensus following Trump-Xi discussions in London. The agreement includes a 90-day tariff pause and addresses <a href="https://www.benzinga.com/news/macro-notification/25/06/45876366/howard-lutnick-says-us-and-china-reached-a-framework-to-implement-geneva-consensus-following-trump-xi-call-csi-300-index-gains">rare-earth exports and advanced technology restrictions</a>.
Palantir shares have surged 448% over 12 months, reaching new all-time highs. The company secured over $113 million in new <a href="https://www.benzinga.com/markets/equities/25/06/45988762/palantir-rejects-surveillance-claims-after-being-compared-to-nazi-collaborators-touts-pltrs-transparent-lineage">federal contracts since Trump&#8217;s inauguration</a>, including a $795 million Defense Department agreement.
Gallagher previously authored legislation forcing TikTok&#8216;s divestment from Chinese ownership and investigated Chinese Communist Party involvement in the <a href="https://www.benzinga.com/news/24/08/40523523/former-gop-congressman-mike-gallagher-who-joined-palantir-says-true-divide-on-national-security-is-b">fentanyl crisis while serving in Congress</a>.
According to&nbsp;Benzinga&#8217;s Edge Stock Rankings, Palantir shows strong Short-, Medium-, and Long-Term Price Trends. Here&#8217;s&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">how the stock performs across other key metrics</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="890" height="644" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19004330/image-295.png" alt="" class="wp-image-954751" style="width:400px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19004330/image-295.png 890w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19004330/image-295-300x217.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19004330/image-295-768x556.png 768w" sizes="(max-width: 890px) 100vw, 890px" /></a></figure>
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45988762/palantir-rejects-surveillance-claims-after-being-compared-to-nazi-collaborators-touts-pltrs-transparent-lineage" target="_blank" rel="noreferrer noopener">Palantir Rejects Surveillance Claims After Being Compared To Nazi Collaborators, Touts PLTR's ‘Transparent Lineage'</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: plavi011 / Shutterstock.com<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"></a>

PLTR

Palantir's Head Of Defense Says 'Xi Jinping Is Decoupling From Us' — Warns America Risks Losing Leverage If China Tech Shift Goes Unchecked

A group of Texas lawmakers has urged Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) to delay its Robotaxi launch in <a href="https://www.benzinga.com/markets/tech/25/06/45876375/elon-musk-says-tesla-robotaxi-rides-begin-june-22-in-austin-full-self-driving-to-enable-home-delivery-by-june-28-were-being-super-paranoid">Austin, scheduled for June 22</a>.
What Happened: In a letter addressed to Elon Musk's electric vehicle giant, lawmakers state that the state's legislature updated its regulations on autonomous vehicles in 2017, which will take effect in September of this year, KXAN reported <a href="https://www.kxan.com/news/local/austin/texas-lawmakers-send-letter-to-tesla-asking-to-delay-robotaxi-rollout-in-austin/">on</a> Wednesday.
"As members of the Austin delegation in the Texas Senate and Texas House of Representatives, we are formally requesting that Tesla delay autonomous robotaxi operations until the new law takes effect on September 1, 2025," the lawmakers said in the letter.
New regulations state that all AV operators transporting passengers or property "must receive prior authorization from the Department of Motor Vehicles before operating on public streets without a human driver," the report suggests.
Regulations suggest that compliance requires all AVs must obey state traffic laws, have registered and titled insurance under Texas law, have recording devices and "a minimal risk condition if the automated driving system is rendered inoperable."
Additionally, AV operators are also required to have a first responder interaction plan in place, highlighting how first responders interact with AVs.
Why It Matters: The news comes in as Tesla was officially named as <a href="https://www.benzinga.com/markets/tech/25/06/45854273/elon-musks-tesla-officially-named-av-operator-in-austin-ahead-of-robotaxi-launch">an AV operator</a> in Austin, ahead of June 22's Robotaxi launch, which Musk says will have over 10 Tesla Model Ys initially.
The automaker also recently received a major boost for its Cybercab ambitions as the NHTSA announced it would be updating its regulatory framework to provide <a href="https://www.benzinga.com/markets/tech/25/06/45942936/elon-musks-cybercab-ambitions-just-got-a-boost-as-nhtsa-eases-regulations-for-autonomous-vehicles">exemptions to AVs </a>from safety standards.
However, questions are being raised about the company's FSD tech, a crucial element in the Robotaxi plan, after incidents involving Tesla vehicles driving in <a href="https://www.benzinga.com/markets/tech/25/06/45991698/tesla-cybertruck-caught-driving-in-wrong-lane-on-fsd-just-days-before-robotaxi-launch">the wrong lane</a>, as well as getting <a href="https://www.benzinga.com/markets/tech/25/06/45945298/tesla-model-3-on-fsd-mode-struck-by-train-after-getting-trapped-on-railroad-tracks-report">struck by a train</a> after getting stuck on railroad tracks, while in self-driving mode.&nbsp;
Robotaxis are steadily growing in the U.S., as Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo announced it will be further <a href="https://www.benzinga.com/markets/tech/25/06/45988738/tesla-robotaxi-rival-waymo-expands-services-in-california-amid-us-autonomous-vehicle-push">expanding its presence</a> in California.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="196" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18234145/TSLA-JUN-19-2025-1024x196.jpg" alt="" class="wp-image-954710" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18234145/TSLA-JUN-19-2025-1024x196.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18234145/TSLA-JUN-19-2025-300x57.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18234145/TSLA-JUN-19-2025-768x147.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18234145/TSLA-JUN-19-2025-1536x294.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18234145/TSLA-JUN-19-2025.jpg 1557w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla scores well on Momentum, Quality and Growth metrics, but 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

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