SPDR Portfolio Intermediate Term Corporate Bond ETF (ARCA: SPIB)

Últimas noticias sobre SPDR Portfolio Intermediate Term Corporate Bond ETF (ARCA:SPIB)

SPDR Portfolio Intermediate Term Corporate Bond ETF

The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of U.S. corporate bonds that have a maturity of greater than or equal to 1 year and less than 10 years.

Ssi Us Gov Money Market Class

On Sunday, Howard Lutnick, the Commerce Secretary, stated that August 1 is the &#8220;hard deadline&#8221; for countries to begin paying tariffs to the United States.
What Happened: Lutnick also noted that nations can still engage in discussions with the U.S. after this date. 
&#8220;That's a hard deadline, so on August 1, the new tariff rates will come in,&#8221; he <a href="https://youtu.be/k7hAr6C-yGY?feature=shared">told</a> CBS News, adding, &#8220;nothing stops countries from talking to us after August 1.&#8221;
President Donald Trump initially announced these&nbsp;tariffs&nbsp;on April 2. Despite several shifts in the deadline, the White House has now confirmed August 1 as the final date.
Lutnick also mentioned that smaller countries, including those in Latin America, the Caribbean, and Africa, will face a baseline tariff of 10%.
Trump had previously hinted at baseline tariff rates of over 10% for these nations. He also indicated that letters detailing the new tariff rates would be sent to smaller countries soon.
See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46511527/bitcoin-flat-as-1-billion-whale-move-sparks-speculation-ethereum-dogecoin-spike-analyst-says-btcs-next-leg-up-will-pump-it-above-130000" target="_blank" rel="noopener">Bitcoin Flat As $1 Billion Whale Move Sparks Speculation, Ethereum, Dogecoin Spike: Analyst Says BTC&#8217;s Next Leg Up Will Pump It Above $130,000 &#8211; Grayscale Bitcoin Mini Trust (BTC) Common units of frac</a>
Lutnick's remarks follow letters sent by Trump earlier this month to U.S. trading partners, informing them of new tariff rates that could reach up to 40% for certain countries. The announcement triggered a wave of last-minute negotiations as nations scrambled to secure lower rates.
Why It Matters: The announcement of the hard deadline for tariffs comes amid a series of tariff-related developments. Trump had previously proposed a blanket tariff rate of 15%-20% on most nations, a <a href="https://www.benzinga.com/news/politics/25/07/46386524/trump-wants-blanket-tariffs-of-up-to-20-after-surprise-treasury-surplus-in-june-ed-yardeni-says-dont-push-your-luck">significant increase from the current</a> 10% base, following an unexpected federal budget surplus in June, largely attributed to a surge in tariff receipts.
These inconsistent policies have raised concerns, with Sen. Elizabeth Warren (D-Mass.) voicing worries over the <a href="https://www.benzinga.com/news/politics/25/07/46510287/elizabeth-warren-sounds-alarm-on-tariffs-the-impact-of-six-months-of-donald-trump-will-be-felt-for-two-generations">long-term impact</a> of Trump&#8217;s tariffs on global partnerships.
Trump had also previously indicated that he would be sending &#8220;take it or leave it&#8221; <a href="https://www.benzinga.com/news/politics/25/07/46263813/trump-to-send-take-it-or-leave-it-tariff-letters-to-12-countries-on-monday-report">tariff letters to 12 countries</a>, detailing the tariff rates they would face on exports to the U.S. These offers were set to be dispatched in early July, outlining the tariff levels that would apply to the countries&#8217; exports to the U.S.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/equities/25/07/46511459/nyu-professor-warns-companies-against-moving-cash-into-bitcoin-unless-youre-strategy-paypal-or-a" target="_blank" rel="noopener">NYU Professor Warns Companies Against Moving Cash Into Bitcoin — Unless You&#8217;re a Strategy, PayPal, Or A Meme Stock: &#8216;This Is A Bad Idea&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Courtesy: Joshua Sukoff / Shutterstock.com

News

Howard Lutnick Says Trump's August 1 Tariff 'Hard Deadline' Is Final — Smaller Nations Face 10% Base Rate

Preliminary financial information for the First Half 2025(2):
<figure class="table"> 
<table>
<tbody>
<tr>
<td>First Half 2025</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Estimate (€B)</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Net revenues</td>
<td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; €74.3</td>
</tr>
<tr>
<td>Net loss</td>
<td>(€2.3)</td>
</tr>
<tr>
<td>Adjusted operating income(3)</td>
<td>€0.5&nbsp;&nbsp;&nbsp;</td>
</tr>
<tr>
<td>Cash Flows from operating activities</td>
<td>(€2.3)</td>
</tr>
<tr>
<td>Industrial free cash flows(4)</td>
<td>(€3.0)</td>
</tr>
</tbody>
</table>
</figure>
The following factors had a significant impact on results in the first half of 2025:
<ul>
<li>The early stage of actions being taken to improve performance and profitability, with new products expected to deliver larger benefits in the Second Half of 2025</li>
<li>Approximately €3.3 billion of pre-tax net charges, primarily related to program cancellation costs and platform impairments, net impact of the recent legislation eliminating the CAFE penalty rate, and restructuring, which are excluded from Adjusted Operating Income(3) consistent with the Company's definition of AOI</li>
<li>Adverse impacts to AOI from higher industrial costs, geographic and other mix factors, and changes in foreign exchange rates</li>
<li>The early effects of US tariffs – €0.3 billion of net tariffs incurred as well as loss of planned production related to implementation of the Company's response plan</li>
</ul>

Earnings

STLA

Stellantis Reports Preliminary H1 2025 Loss Of €2.3B On €74.3B Revenue As Q2 Shipments Drop 6% To 1.4M Units Amid Tariff Disruptions And European Product Transitions

Economist Peter Schiff on Sunday called the UK&#8217;s purported plan to sell almost $6.70 billion in stolen Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) a &#8220;right&#8221; approach to address their budget deficit.
What Happened: Schiff took to X to comment on The Telegraph&#8217;s report that UK Chancellor Rachel Reeves is considering selling the BTC stash recovered by police to help close a fiscal gap.
&#8220;For once, the Brits might actually get something right,&#8221; the Bitcoin skeptic said. 
Schiff used the opportunity to poke fun at Bitcoin advocate Michael Saylor, suggesting that his firm, Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), might become the buyer. 
&#8220;I hope the U.S. doesn't buy it for the Strategic Reserve,&#8221; he added.
<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">The UK is thinking about selling £5 billion worth of Bitcoin seized from criminals. The proceeds could help plug the hole in their budget. For once, the Brits might actually get something right. Maybe <a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw">@Saylor</a> will buy it. I hope the U.S. doesn't buy it for the Strategic Reserve.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1947090834530189693?ref_src=twsrc%5Etfw">July 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46510203/1-billion-bitcoin-transfer-triggers-massive-liquidations-this-is-where-it-was-offloaded">$1 Billion Bitcoin Transfer Triggers Massive Liquidations — This Is Where It Was Offloaded</a>
Why It Matters: The Bitcoin in question, amounting to 61,000 BTC, was&nbsp;confiscated in 2018 from a&nbsp;Chinese Ponzi scheme. 
The report <a href="https://t.co/SnUar6n5uo">added </a>that the Home Office is developing a "cryptocurrency storage and realization framework" to manage and liquidate the holdings, with a tender offering up to £40 million, worth $53.68 million, in commission.
The anticipated sell-off comes amid a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46388685/bitcoin-shatters-all-time-high-to-hit-123000-as-ethereum-cracks-3000-and-xrp-taps-3#:~:text=Bitcoin%20Shatters%20All%2DTime%20High,And%20XRP%20Taps%20%243%20%2D%20Benzinga">major cryptocurrency market rally</a> that has pushed Bitcoin to historic highs of over $123,000.
Interestingly, confusion prevailed last week over reports suggesting that the <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46461871/cynthia-lummis-raises-alarm-over-reports-of-80-drop-in-us-bitcoin-reserves-analyst-says-nothing-conclusive-until-official-word-comes">U.S. government offloaded over 80% of its&nbsp;Bitcoin reserves</a>, leaving just around 29,000 BTC. &nbsp;According to President Donald Trump&#8217;s executive order, the deposited BTC in reserves is not supposed to be sold.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $118,380.36, up 0.32% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.&nbsp;Year-to-date, the cryptocurrency has gained 25.65%.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46511361/jack-dorseys-block-with-over-1-billion-in-bitcoin-holdings-set-to-join-sp-500-shares-pop-8-in-overnight-trading">Jack Dorsey&#8217;s Block, With Over $1 Billion In Bitcoin Holdings, Set To Join S&amp;P 500 — Shares Pop 8% In Overnight Trading</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image Credit: Bob Montgomery / USA TODAY NETWORK Imagn Images<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

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

Cryptocurrency

$BTC

MSTR

Peter Schiff Says UK's Plan to Sell $6.7 Billion In Seized Bitcoin Could Help Budget — Warns US Against Buying It For Strategic Reserve

The billionaire owner of the iconic burger chain&nbsp;In-N-Out, Lynsi Snyder, has announced that she is relocating her family and the company&#8217;s headquarters from California to Tennessee. Snyder cited the challenges of doing business and raising a family in California as the primary reasons for the move.
What Happened: In an episode of the &#8220;Relatable&#8221; podcast released on Friday, Snyder revealed that she is moving to Tennessee as part of In-N-Out&#8217;s expansion into the southeastern United States. The company will also establish a new headquarters in the Nashville suburbs.
Snyder highlighted the challenges of running a business in California, particularly the COVID-19 restrictions, including mask mandates and vaccine requirements. The state&#8217;s stringent policies made it difficult for In-N-Out to operate, with health officials temporarily shutting down several locations in 2021 due to the chain&#8217;s refusal to enforce vaccination mandates.
See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/07/46495773/shiba-inu-rallies-10-in-1-week-can-it-go-higher" target="_blank" rel="noopener">Shiba Inu Rallies 10% In 1 Week: Can It Go Higher?</a>
&#8220;There&#8217;s a lot of great things about California, but raising a family is not easy here. Doing business is not easy here,&#8221; Snyder said in the podcast.
Despite the move, In-N-Out will continue&nbsp;to expand in the Southeast, with Tennessee as the new corporate hub. Snyder emphasized that the company&#8217;s priority is sustainable expansion while maintaining&nbsp;the quality of its products&nbsp;and services.
Why It Matters: Snyder&#8217;s decision to relocate her family and business from California is another example of prominent figures expressing frustration with the state&#8217;s business environment.
In June 2024, celebrity chef Andrew Gruel announced that he would <a href="https://www.benzinga.com/general/24/06/39480311/celebrity-chef-refuses-to-open-new-businesses-in-california-until-they-fix-things">not open any new businesses</a> in California until the state &#8220;actually fix things,&#8221; citing the challenges faced by restaurants due to COVID-19 restrictions.
Last year, California raised <a href="https://www.benzinga.com/economics/macro-economic-events/24/05/38557569/april-jobs-report-preview-bank-of-america-anticipates-solid-payrolls-growth-risin">its minimum wage from $16 to $20</a>, triggering a ripple effect across the fast-food industry. Major chains, such as Chipotle Mexican Grill Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), McDonald's Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), and Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), responded by increasing their prices to offset rising labor costs.
Although the wage hike aimed to support and uplift workers, it created <a href="https://www.benzinga.com/general/24/04/38093034/impact-of-californias-wage-hike-chipotle-mcdonalds-and-starbucks-brace-consumers-for-price-surges-ac">financial challenges for businesses</a>, which had to manage significantly higher expenses. These costs were ultimately passed on to consumers through price hikes.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="After 77 Years, In-N-Out Is Moving to Tennessee. Here&#039;s Why &#x7C; Lynsi Snyder &#x7C; Ep 1219" width="500" height="281" src="https://www.youtube.com/embed/E8HnqAgtlcc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
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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: Eric Broder Van Dyke / Shutterstock.com

SBUX

In-N-Out Billionaire Owner Lynsi Snyder Moves Family And HQ To Tennessee, Citing California's Regulations: 'Doing Business Is Not Easy Here'

SRPT

Reported Friday, Sarepta Responded To FDA's Informal Request On ELEVIDYS With Voluntary Shipment Pause For Label Update And Immunosuppression Evaluation

FCPT

Reported Friday, FCPT Acquires Six Novant Health Urgent Care Properties In South Carolina For $12M Under Long-Term Triple Net Leases

Reported Friday, Sunrun Prices $431M Residential Solar Securitization Backed By Over 63,000 Systems Across 12 States And D.C.

CAVA

Reported Earlier, CAVA Opens First Michigan Location In Canton, Expanding Bold Mediterranean Fast-Casual Experience To 28th State

<ul>
<li>Donald Trump Jr. recently spoke about the U.S. economy and industry, giving a shout-out to homegrown AI and tech innovators like Faraday Future.</li>
<li>BlackRock, the world's largest asset manager, recently filed their 13G as of July 17, showing they've boosted their FFAI shares almost 7 times since last quarter.</li>
</ul>

Faraday Future Intelligent Electric Inc. - Class A Common Stock

FFAI

Reported Earlier, Faraday Future Launches FX Super One And Super EAI F.A.C.E. System At Stunning LA Skyline Event, Marking Major Milestone iIn AIEV Strategy

LAES

WKEY

SEALSQ And WISeKey Confirm Activation Of LLG4IR.com Cross-Border Center To Bridge Gibraltar And La Línea With Quantum, AI, And Space Innovation

<ul>
<li>The pivotal Phase IIb ALIENTO study met the primary endpoint of a statistically significant reduction in the annualized exacerbation rate (AER) at 52 weeks when astegolimab was given every two weeks</li>
<li>The Phase III ARNASA study did not meet the primary endpoint of a statistically significant reduction in the AER at 52 weeks</li>
<li>The safety profile of astegolimab was consistent with previously reported data, with no new safety signals identified</li>
<li>Analysis of the ALIENTO and ARNASA data will be discussed with regulatory authorities and shared at an upcoming medical meeting</li>
</ul>

RHHBF

RHHBY

Roche's Genentech Highlights Consistent Safety Profile For Astegolimab Across ALIENTO And ARNASA COPD Trials With No New Safety Signals Identified

Barstool Sports founder Dave Portnoy has seemingly hit his mark on a high-stakes $10 million Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) trade he made two weeks ago.
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/TSLA" target="_blank" rel="noreferrer noopener">TSLA stock here.</a>
What Happened: On July 8, Portnoy posted a video on X, claiming to have <a href="https://www.benzinga.com/markets/25/07/46327971/dave-portnoy-drops-10-million-on-tesla-hoping-for-10-bounce-in-2-weeks-or-less-from-crazyelon-bet">bet $10 million on Tesla</a> shares, likely around $293 per share, where the stock was trading at the time. 
&#8220;Update – I bought the 10 milly $TSLA hoping for 10% bounce in 2 weeks or less,&#8221; Portnoy posted on X, tagging the move as a #CrazyElon play, referring to CEO Elon Musk&#8217;s decision to form a new political party, dubbed &#8220;The America Party,&#8221; which led to a nearly 7% <a href="https://www.benzinga.com/markets/tech/25/07/46291445/tesla-tanks-68-billion-as-elon-musk-unveils-america-party-investors-rattle-over-political-pivot-trump-backlash-adds-fuel">drop in the stock</a>.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46487092/as-trump-axes-ev-incentives-elon-musks-tesla-announces-new-offers-amid-sluggish-us-sales">As Trump Axes EV Incentives, Elon Musk&#8217;s Tesla Announces New Offers Amid Sluggish US Sales</a>
Portnoy said in the video that he aims to make 10%, or &#8220;a million bucks&#8221; from the trade, which he promptly plans to take to the Saratoga Race Course in New York.
Now, a little under two weeks later, Portnoy&#8217;s trade has already hit its target, with the company closing at $329 a share on Friday, a gain of 12.28%. 
Portnoy, who regularly shares his latest sports wagers and their results on his X account, is yet to provide an update on this trade. 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Update &#8211; I bought the 10 milly <a href="https://twitter.com/search?q=%24tsla&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$tsla</a> hoping for 10% bounce in 2 weeks or less. <a href="https://twitter.com/hashtag/crazyelon?src=hash&amp;ref_src=twsrc%5Etfw">#crazyelon</a> <a href="https://twitter.com/hashtag/ddtg?src=hash&amp;ref_src=twsrc%5Etfw">#ddtg</a> <a href="https://t.co/zFqVNMwpKy">pic.twitter.com/zFqVNMwpKy</a>
&mdash; Dave Portnoy (@stoolpresidente) <a href="https://twitter.com/stoolpresidente/status/1942233926216323220?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Tesla shares have been <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44612478/musk-needs-to-navigate-brand-crisis-or-else-warns-analyst-tesla-delivery-number-was-a-disaster-for-the-bulls">increasingly under pressure</a> owing to Musk&#8217;s political activities in recent months, with analyst Dan Ives of Wedbush Securities saying that his stint in the White House may have hurt the brand.
Musk&#8217;s recent fallout with President Donald Trump made things worse for his companies, with the latter <a href="https://www.benzinga.com/news/25/06/45845425/mark-cuban-reacts-to-elon-musk-donald-trump-feud">threatening to terminate billions</a> in government contracts. 
According to a survey of Benzinga readers, 71% believe that Tesla&#8217;s shares will fall over the <a href="https://www.benzinga.com/news/politics/25/07/46332361/musk-political-push-to-hurt-tesla-stock-71-say-stock-will-fall-in-next-12-months">next 12 months</a>, owing to Musk&#8217;s renewed political push. 
Price Action: Tesla shares were up 3.21% on Friday, trading at $329.65, and are up 1.65% after hours.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="149" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/20233003/Screenshot-2025-07-21-at-8.59.52-AM-1024x149.png" alt="" class="wp-image-992912" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/20233003/Screenshot-2025-07-21-at-8.59.52-AM-1024x149.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/20233003/Screenshot-2025-07-21-at-8.59.52-AM-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/20233003/Screenshot-2025-07-21-at-8.59.52-AM-768x112.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/20233003/Screenshot-2025-07-21-at-8.59.52-AM.png 1528w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Tesla currently scores high on Growth and has a favorable price trend in the medium and long terms. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock, its peers and competitors.
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46407991/elon-musks-tesla-to-sell-model-y-from-70000-in-india-launches-first-showroom-in-mumbai">Elon Musk&#8217;s Tesla To Sell Model Y From $70,000 In India, Launches First Showroom In Mumbai</a></li>
</ul>
Image via Shutterstock

Government

Politics

TSLA

Dave Portnoy's $10 Million Elon Musk Bet Pays Off As Tesla Soars 12% In Two Weeks: 'That's A Million Bucks'

Macro Economic Events

Econ #s

Economics

Reported Earlier, People's Bank of China Loan Prime Rate 3% Vs. 3% Est.; 3% Prior

Reported Earlier, China Loan Prime Rate 5Y For July 3.50% Vs. 3.50% Est.; 3.50% Prior

Tim Burchett (R‑Tenn.), on Sunday, renewed his push for the Justice Department to open its secret Jeffrey Epstein files, shrugging off President Donald Trump's description of the effort as "stupid" and "foolish."
What Happened: Appearing on ABC's "This Week," Burchett said unsealing grand‑jury transcripts would be "a start," but warned that Washington "doesn't give up its secrets very easy." "I don't think we're ever going to get to the bottom of … all of it, Ma'am," he <a href="https://abcnews.go.com/Politics/gop-rep-tim-burchett-doubles-call-release-epstein/story?id=123902429">told</a> co‑anchor Martha Raddatz.
Pressed about Trump's criticism, the lawmaker replied, "Was I a little ticked off he said that stuff? Sure, I was, but I'm a big boy, Ma'am&#8230; we're playing in the big leagues right now."
The White House has since ordered Attorney General Pam Bondi to <a href="https://www.benzinga.com/news/politics/25/07/46486660/trump-directs-pam-bondi-to-release-more-epstein-documents-subject-to-court-approval-threatens-legal-action-against-wsj-over-epstein-letter">seek a court order</a> unsealing the material, prompting a Justice Department motion filed Friday.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46510518/trump-family-crypto-business-nabs-26-million-profit-from-quarter-billion-ethereum-stake">Trump Family Crypto Business Nabs $26 Million Profit From Quarter-Billion Ethereum Stake</a>
Burchett, co‑author of the bipartisan Epstein Files Transparency Act, insists any release must shield minors and "folks who may be innocent," yet he praised the administration's belated action. He added, "If she finishes strong on this, then I'm all for it," referencing Bondi's stewardship of the case.
Why It Matters: Bondi's early handling drew fire after a heavily publicized binder proved to contain widely available documents. Burchett called that rollout a "blunder." Former New Jersey governor Chris Christie similarly mentioned last week that the White House, not Bondi, <a href="https://www.benzinga.com/news/politics/25/07/46385035/chris-christie-says-trump-not-pam-bondi-pulled-the-plug-on-epstein-memo-when-you-start-the-fire-sometimes-you-cant-put-it-out">first blocked an internal DOJ review</a> of Epstein's death.
Trump's allies have been pushing for the release of additional Epstein-related documents, a promise Trump made during his 2024 presidential campaign. Even ex‑Epstein lawyer Alan Dershowitz urged a broader release last week, according to a Reuters report.
Polymarket <a href="https://www.benzinga.com/news/events/25/07/46487267/jeffrey-epstein-row-polymarket-bettors-see-higher-odds-of-trump-administration-releasing-undisclosed-documents-this-month">bettors now wager</a> on when the documents will surface. Still, Burchett doubts the public will ever see every page.
Read Next:
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</ul>
Image Credit: Saul Young/News Sentinel / USA TODAY NETWORK via Imagn Images

Tim Burchett Shrugs Off Trump's 'Stupid' Remark, Doubles Down On Jeffrey Epstein Files Push: 'Doesn't Give Up Its Secrets Very Easy'

President&nbsp;Donald Trump&nbsp;shared on Sunday an old Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) explainer video by cryptocurrency advocate Peter Van Valkenburgh, describing it as the &#8220;greatest&#8221; of all time.
What Happened: Trump posted Van Valkenburgh&#8217;s October 2018 speech at the Banking, Housing, and Urban Affairs Committee Hearing via his Truth Social account.
In the video, Van Valkenburgh, Executive Director of cryptocurrency advocacy think tank Coin Center, described Bitcoin as a tool that allows people to send and receive value globally, without the need for a middleman.
&#8220;The lack of any corporation in between means that Bitcoin is the world's first public digital payments infrastructure,&#8221; he had said. &#8220;Bitcoin is the world's first globally accessible public money.&#8221;
Van Valkenburgh also outlined Bitcoin&#8217;s limitations, including its volatility and lack of mainstream use, but urged for their adoption to challenge the dominance of larger and more powerful corporate intermediaries.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="762" height="622" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/20231657/image-261.png" alt="" class="wp-image-992909" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/20231657/image-261.png 762w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/20231657/image-261-300x245.png 300w" sizes="(max-width: 762px) 100vw, 762px" /></figure>
See Also:&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46509737/the-trumps-bitcoin-bull-run-and-stablecoin-bill-this-week-in-crypto">The Trumps, Bitcoin Bull Run And Stablecoin Bill: This Week In Crypto</a>
Why It Matters: Trump&#8217;s post and his recent actions demonstrated a strong support for Bitcoin and the broader cryptocurrency industry. 
Earlier in March, he signed an Executive Order to establish a&nbsp;<a href="https://www.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">Strategic Bitcoin Reserve</a>, funded by Bitcoin owned by the federal government obtained through criminal or civil asset forfeiture proceedings. 
That said, little has come from the executive side since the order was signed. In fact, <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46461871/cynthia-lummis-raises-alarm-over-reports-of-80-drop-in-us-bitcoin-reserves-analyst-says-nothing-conclusive-until-official-word-comes">confusion prevailed over reports</a> that the government offloaded over 80% of its&nbsp;Bitcoin reserves
Last week, Trump signed the&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46508890/trump-signs-genius-act-ending-biden-era-crypto-probes-and-backing-industry-titans">GENIUS Act</a>&nbsp;into law, establishing the first regulatory framework and consumer safeguards for dollar-pegged stablecoins in the U.S.
Price Action:  At the time of writing, BTC was exchanging hands at $118,622.36, down 0.46% 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>. Bitcoin has slid nearly 3% over the past week, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) has surged roughly 23%, Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) has jumped about 32%, and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) has climbed around 11%.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46511527/bitcoin-flat-as-1-billion-whale-move-sparks-speculation-ethereum-dogecoin-spike-analyst-says-btcs-next-leg-up-will-pump-it-above-130000">Bitcoin Flat As $1 Billion Whale Move Sparks Speculation, Ethereum, Dogecoin Spike: Analyst Says BTC&#8217;s Next Leg Up Will Pump It Above $130,000</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
Image Credit: Cody Scanlan/The Register / USA TODAY NETWORK via Imagn Images

$DOGE

$ETH

$SOL

Trump Shares 'Greatest Bitcoin Explanation Of All Time' As BTC Gets Beaten By Ethereum, Dogecoin And Solana

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk states that the company's Full Self-Driving system will undergo improvements as the EV giant integrates Robotaxi upgrades into its production models.
What Happened: "Your Tesla self-driving capability will see a step change improvement as we integrate upgrades for the Austin robotaxi build into the general production release," the billionaire said in a social media post on X on Sunday.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Your Tesla self-driving capability will see a step change improvement as we integrate upgrades for the Austin robotaxi build into the general production release
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1947053722808230379?ref_src=twsrc%5Etfw">July 20, 2025</a></blockquote>
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Musk added that the company is validating the upgrades and improvements made for Austin, which do not pose challenges for other regions and cause any "regressions elsewhere." "For Europe and China, we are awaiting regulatory approval. Hopefully soon," Musk said in the post.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We need to validate that improvements for Austin don't cause regressions elsewhere. For Europe and China, we are awaiting regulatory approval. Hopefully, soon&#x1f91e;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1947055949992321437?ref_src=twsrc%5Etfw">July 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: The updates from Musk come in as Tesla has been under fire for its self-driving tech, which was under the spotlight once again as a Tesla engineer confirmed at a court hearing in Miami that the company <a href="https://www.benzinga.com/markets/tech/25/07/46459748/elon-musks-tesla-did-not-maintain-autopilot-crash-records-engineer-says-amid-fatal-2019-accident-trial-in-miami">did not maintain Autopilot records</a> before 2018.
However, Tesla could also face tougher scrutiny over its self-driving ambitions as President Donald Trump's pick to lead the NHTSA, Jonathan Morrison, has called for <a href="https://www.benzinga.com/markets/tech/25/07/46434613/elon-musks-tesla-could-face-stricter-oversight-as-trumps-nhtsa-pick-targets-autonomous-driving-cannot-sit-back">tougher oversight</a> on autonomous driving in the U.S.
Elsewhere, Tesla appointed a senior IT executive at the company, Raj Jegannathan, to lead the <a href="https://www.benzinga.com/markets/tech/25/07/46507782/elon-musks-tesla-appoints-tech-veteran-to-head-sales-amid-executive-exodus-report">EV giant's sales team</a> after Troy Jones exited the company following a 13-year stint. Interestingly, Jegannathan lacks traditional sales experience with his expertise lying in IT.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="199" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/20234719/TSLA-JUL-21-2025-1024x199.jpg" alt="" class="wp-image-992926" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/20234719/TSLA-JUL-21-2025-1024x199.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/20234719/TSLA-JUL-21-2025-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/20234719/TSLA-JUL-21-2025-768x149.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/20234719/TSLA-JUL-21-2025-1536x299.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/20234719/TSLA-JUL-21-2025.jpg 1563w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla offers Satisfactory Momentum and Quality, while scoring well on the Growth metric, but offering 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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<li><a href="https://www.benzinga.com/news/space/25/07/46486409/elon-musks-india-ambitions-get-major-boost-as-starlink-gets-approval-following-teslas-mumbai-debut">Elon Musk&#8217;s India Ambitions Get Major Boost As Starlink Gets Approval Following Tesla&#8217;s Mumbai Debut</a></li>
</ul>
Image Via Shutterstock

Elon Musk Says Tesla's Self-Driving Tech Is About To Get Major Boost From Austin Robotaxi Upgrades: 'Step Change Improvement'

OpenAI's latest experimental AI model reportedly gave a near-gold performance on the International Mathematical Olympiad (IMO), but its premature announcement drew criticism for eclipsing the student competitors the contest was meant to honor.
What Happened: On Saturday, OpenAI's Alexander Wei revealed on X, formerly Twitter, that the company's new large language model (LLM) solved 5 out of 6 IMO problems under authentic exam conditions—matching the performance of gold medalists in what's widely considered the most prestigious and difficult high school math competition globally.
"This is an LLM doing math and not a specific formal math system; it is part of our main push towards general intelligence," OpenAI CEO Sam Altman posted on X, calling the achievement a decade-long dream come true.
See Also:&nbsp;<a href="https://www.benzinga.com/news/politics/25/07/46262476/trump-wall-street-interest-rates-powell-fed" target="_blank" rel="noreferrer noopener">Trump And Wall Street Want Rate Cuts—The Data Says: Keep Waiting</a>
<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">we achieved gold medal level performance on the 2025 IMO competition with a general-purpose reasoning system! to emphasize, this is an LLM doing math and not a specific formal math system; it is part of our main push towards general intelligence. when we first started openai,… <a href="https://t.co/X46rspI4l6">https://t.co/X46rspI4l6</a>
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1946569252296929727?ref_src=twsrc%5Etfw">July 19, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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However, the announcement stirred backlash among the math and AI communities. Thang Luong, a lead AI researcher at Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google DeepMind, replied to a report that the IMO had asked AI companies to delay announcements until after the closing ceremony to allow young human competitors to be recognized without being overshadowed.
Luong added that without an official evaluation from IMO's private marking rubric, OpenAI's claim of "gold-level" performance was inaccurate. "With one point deducted, it is a Silver, not Gold," he said.
<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">Yes, there is an official marking guideline from the IMO organizers which is not available externally. Without the evaluation based on that guideline, no medal claim can be made. With one point deducted, it is a Silver, not Gold. <a href="https://t.co/0X665z0Pmn">https://t.co/0X665z0Pmn</a>
&mdash; Thang Luong (@lmthang) <a href="https://twitter.com/lmthang/status/1946960256439058844?ref_src=twsrc%5Etfw">July 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Elon Musk, whose AI venture xAI earlier this month launched Grok 4, also commented, comparing OpenAI&#8217;s feat to when AI beat humans at chess and Go. He said math competitions will soon be "trivial" for AI.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Human-level math competitions will soon be trivial for AI, just as human-level chess/Go/etc became trivial for AI. In 1997, a mainframe was needed to beat Kasparov at chess. Now, your phone can beat Magnus Carlsen.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1947055118475755537?ref_src=twsrc%5Etfw">July 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: The incident highlights growing tensions around AI's rapid progress and the ethics of showcasing machine achievements in human-centered spaces.
It also underscores how quickly general-purpose AI is encroaching on elite intellectual tasks once thought immune to automation.
Last week, ARK Invest CEO Cathie Wood raised <a href="https://www.benzinga.com/markets/tech/25/07/46460054/cathie-wood-says-ai-is-hurting-entry-level-jobs-offers-advice-to-jobseekers-here-is-her-advice-for-those-joining-the-workforce">concerns about rising unemployment</a> among new college graduates, pointing to AI&#8217;s disruptive impact on entry-level roles.
Citing Wall Street Journal data, she noted that recent grad unemployment has risen from 4% to over 6%.
Earlier, Craig Shapiro also warned that AI could <a href="https://www.benzinga.com/markets/economic-data/25/06/46093421/ai-will-disrupt-25-of-us-jobs-by-2030-and-the-fed-cant-save-them-economist-warns">disrupt 25% of all jobs by 2030</a> — a challenge he believes the Federal Reserve has little ability to address.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/esg/25/06/45739698/bill-gates-commits-majority-of-200-billion-foundation-budget-to-africa-over-next-20-years-amid-trumps-massive-usaid-cuts" target="_blank" rel="noreferrer noopener">Bill Gates Commits Majority Of $200 Billion Foundation Budget To Africa Over Next 20 Years Amid Trump's Massive USAID Cuts</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

GOOG

GOOGL

OpenAI's New AI Model Solves 5 Out Of 6 Problems On The World's Toughest Math Olympiad—But Critics Say It Stole The Spotlight From Student Geniuses

JPMorgan Chase CEO Jamie Dimon says a coffee table chat with Jeff Bezos in late 1999 almost pulled him away from Wall Street, but not quite.
What Happened: Dimon recalls hitting it off with the Amazon founder and has "been friends ever since," yet the idea of running the then‑fledgling e‑commerce firm was "just a bridge too far."
During an episode of the Acquired podcast last Wednesday, Dimon said Bezos was hunting for a company president when they met in Seattle. "I'd never wear a suit again&#8230; I'd live on a houseboat," he joked, adding that uprooting his young family and abandoning finance felt like an alternate‑universe script.
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<iframe loading="lazy" title="The Jamie Dimon Interview: How JP Morgan Became an $800 Billion Bank" width="500" height="281" src="https://www.youtube.com/embed/AR_1IPhzAtU?start=1256&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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The banker had reason to hesitate. Amazon's market cap sat near $5 billion at the end of 2000, a far cry from today's $2.4 trillion giant. After flying home, Dimon "got serious" about his job hunt, fielding offers from unnamed global investment banks, insurance titan AIG via a call from Hank Greenberg and even Home Depot's founders, though he admitted he had never stepped foot in one of their stores.
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46511459/nyu-professor-warns-companies-against-moving-cash-into-bitcoin-unless-youre-strategy-paypal-or-a-meme-stock-this-is-a-bad-idea">NYU Professor Warns Companies Against Moving Cash Into Bitcoin — Unless You&#8217;re Strategy, PayPal, Or A Meme Stock: &#8216;This Is A Bad Idea&#8217;</a>
The call that stuck came from a headhunter pitching Chicago's troubled Bank One. Analyst Mike Mayo famously warned that "even Hercules couldn't fix it," yet Dimon saw a chance to rebuild in his natural habitat. He invested $60 million, which was half his net worth into Bank One stock on day one, vowing to "go down with the ship or up with the ship."
Why It Matters: Dimon, over the course of the same podcast, revealed his investment mantra of "<a href="https://www.benzinga.com/personal-finance/financial-advisors/25/07/46508954/what-jpmorgans-ceo-learned-from-first-stock-jamie-dimons-billion%E2%80%91dollar-philosophy-dont-blow-up">don't blow up</a>". It is a guiding principle that has shaped the risk culture at JPMorgan Chase, influencing its approach to financial management and decision-making.
In a separate interview, Jamie Dimon told a crowd at New York's Radio City Music Hall that he <a href="https://www.benzinga.com/personal-finance/management/25/07/46488893/at-14-jamie-dimon-owned-his-first-stock-watched-a-45-market-crash-only-to-learn-this-investment-lesson-history-does-rhyme">bought his first stock</a> at 14 in 1972 only to watch the market plunge 45% within two years. The jolt that, he said, taught him to "always factor the invisible risks."
Read Next:
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<li><a href="https://www.benzinga.com/personal-finance/entrepreneurship/25/07/46510620/kevin-oleary-advocates-entrepreneurship-over-consulting-to-students-why-would-anybody-burn-all-those-hours-while-someone-else-makes-money">Kevin O&#8217;Leary Advocates Entrepreneurship Over Consulting to Students: &#8216;Why Would Anybody Burn All Those Hours While Someone Else Makes Money?&#8217;</a></li>
</ul>
Image via Shutterstock

Management

Jamie Dimon Reveals A Coffee Table Chat With Jeff Bezos In 1999 That Almost Made Him 'Never Wear A Suit Again…Live On A Houseboat'

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly preparing to launch its <a href="https://www.benzinga.com/markets/tech/25/06/46008877/apples-foldable-iphone-may-arrive-in-2026-with-premium-pricing-sleek-design-in-focus">first foldable iPhone</a> by 2026, and Wall Street analysts say a Chinese glassmaker could reap the biggest rewards.
What Happened: According to a July 14 report from Citigroup, Chinese firm Lens Technology is positioned to become a "key beneficiary" of Apple's entry into the foldable smartphone market, <a href="https://www.cnbc.com/2025/07/20/if-apple-makes-a-foldable-phone-analysts-say-this-stock-will-benefit.html">reported</a> CNBC on Sunday.
The analysts estimate that Apple's foldable device could account for 5% of Lens Tech's revenue in 2026 and 12% by 2027.
Lens Tech, which just raised over $600 million in a high-profile Hong Kong IPO, is expected to supply ultra-thin cover glass for Apple's upcoming foldable iPhone.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/topics/25/07/46383701/apple-undergoing-major-management-overhaul-but-ceo-tim-cook-to-stay-on" target="_blank" rel="noreferrer noopener">Apple Undergoing Major Management Overhaul, But CEO Tim Cook To Stay On</a>
The company did not name Apple, but disclosed in its prospectus that its largest customer is a Nasdaq-listed U.S. <a href="https://www.benzinga.com/general/education/21/01/10978750/this-day-in-market-history-jobs-and-wozniak-incorporate-apple-computer-corp">firm founded in 1976</a>, the report said.
U.S. hedge fund manager Steve Cohen has also taken notice, increasing his stake in Lens Tech to 8.41% following the IPO, according to exchange filings.
Why It&#8217;s Important: While Apple has yet to confirm the product, analyst Ming-Chi Kuo previously said that the device is likely to use Samsung Electronics Co.'s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) Display's <a href="https://www.benzinga.com/markets/tech/25/07/46407880/apples-foldable-iphone-to-use-samsungs-crease-free-display-tech-says-top-supply-chain-analyst-what-we-know">crease-free OLED panels</a> and could debut as early as late 2026.
Bloomberg columnist Mark Gurman also reported that Apple's foldable phone will be <a href="https://www.benzinga.com/trading-ideas/technicals/25/07/46510551/apples-first-foldable-iphone-a-game-changer-or-just-catching-up">priced around $2,000</a>, similar to Samsung's Galaxy Z Fold.
The global foldable smartphone market is growing rapidly, especially in China, where brands like Huawei Technologies, Honor and Vivo dominate. Apple's entry — even without radical innovation — could drive mainstream adoption thanks to its powerful brand and global reach.
For Lens Tech, the foldable iPhone could be a catalyst for long-term revenue growth and international expansion. The company plans to use 30% of its IPO proceeds to scale up foldable display production, including facilities in Vietnam and Thailand, the report said.
UBS also issued a buy rating on Lens Tech and expects its earnings to grow 20% annually through 2027, fueled not only by Apple but also AI glasses and robotics.
Lens Tech currently trades on both the Hong Kong and Shenzhen exchanges.
Benzinga&#8217;s Edge Stock Rankings show that AAPL maintains strong upward momentum over the short and medium term, though its long-term trend points downward. The stock scores high on quality, but its value rating lags. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~: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-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/20225631/Screenshot-2025-07-21-at-8.24.02%E2%80%AFAM.png" alt="" class="wp-image-992893" /></a></figure>
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46487059/trump-white-house-to-crack-down-on-woke-ai-with-executive-order-targeting-political-bias-in-government-contracted-chatbots-and-models-report">Trump White House To Crack Down On &#8216;Woke AI&#8217; With Executive Order Targeting Political Bias In Government-Contracted Chatbots And Models: Report</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: Shutterstock

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