La cadena de opciones muestra datos clave de las opciones de acciones de Presidio Property Trust a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Presidio Property Trust..

Presidio Property Trust (NASDAQ:SQFT) Bolsa, Cadena de Opciones

Presidio Property Trust

Presidio Property Trust Inc is an internally managed, diversified REIT with holdings in model home properties which are triple-net leased to homebuilders, office, industrial, and retail properties. Presidio's model homes are leased to homebuilders located in Arizona, Illinois, Texas, Wisconsin, and Florida. The office, industrial and retail properties are located in Colorado, with properties also located in Maryland, North Dakota, Texas, and Southern California.

Presidio Property Trust, Inc. - Class A Common Stock

Presidio Property Trust Inc

Presidio Property Trust, Inc. - 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share

Presidio Property Trust, Inc. - Series A Common Stock Purchase Warrants

The Core Foundation (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">CORE</a>) has launched Rev+, a protocol-level revenue-sharing program designed to compensate developers and stablecoin issuers for on-chain activity. 
With stablecoins now driving nearly a third of DeFi fees, Rev+ offers a direct way for asset creators to earn recurring revenue, marking a significant shift in blockchain incentives.
"Stablecoins now account for over one-third of DeFi revenue," said Core Foundation's institutional lead Hong Sun. "Yet issuers do not earn revenue from transaction activity. Rev+ will change that by aligning incentives so that the projects powering Web3 actually get paid when their tokens move."
Rev+ functions in two ways: direct fee sharing and a cumulative revenue-sharing pool. 
Gas fees from every smart contract interaction—such as swaps, collateral moves, or vault usage—will be shared with the respective token issuers or developers. 
The pool, meanwhile, distributes additional CORE token rewards based on each project's contribution score, which factors in metrics like transaction volume and address growth.
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46414002/99-of-bitcoin-holders-are-in-profit-is-btc-dipping-because-some-are-cashing-out">99% Of Bitcoin Holders Are In Profit: Is BTC Dipping Because Some Are Cashing Out?</a>
This new model seeks to remedy what Core calls a "broken incentive structure" in crypto. 
While on-chain stablecoin activity surpassed $35 trillion annually, twice the size of Visa's volume, most of that value hasn&#8217;t translated into earnings for those building the infrastructure behind it.
Unlike app-specific monetization, Rev+ introduces an asset-level approach. 
Any token with a smart contract on the Core blockchain, including stablecoins, RWAs, NFTs, or DeFi protocols, can qualify for payouts. 
The aim is to foster long-term alignment between ecosystem participants and the network's growth.
With Rev+, Core positions itself as Bitcoin's primary scaling solution, combining non-custodial BTC staking, EVM compatibility, and now, native monetization. 
In the coming weeks, the Foundation will begin onboarding major stablecoin partners to bring this revenue-sharing model into active use.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46412235/i-told-you-so-maxine-waters-predicts-massive-fraud-if-crypto-bills-pass">&#8216;I Told You So&#8217;: Maxine Waters Predicts Massive Fraud If Crypto Bills Pass</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

News

$CORE

Stablecoin Issuers Just Got A New Income Stream—And It's Built Into The Blockchain

CIBC analyst Cosmos Chiu maintains SSR Mining (TSX:<a class="ticker" href="https://www.benzinga.com/stock/SSRM#TSX">SSRM</a>) with a Outperformer and raises the price target from C$13 to C$16.5.

Price Target

Analyst Ratings

TSX:SSRM

CIBC Maintains Outperformer on SSR Mining, Raises Price Target to C$16.5

Consumers facing inflation concerns and worries of <a href="https://www.benzinga.com/markets/25/04/44656119/trump-tariffs-could-blow-up-apple-analyst-estimates-39-5-billion-impact">future tariffs on products</a> from Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) could be in for a surprise sale during July and August, thanks to annual state sales tax holidays in participating states.
What Happened: Each year, many states offer sales tax-free shopping periods for back-to-school items. While the list typically includes clothing, shoes and school supplies, some states offer the tax reprieve on electronics such as laptops, tablets and even<a href="https://www.benzinga.com/tech/25/03/44366890/apple-stock-faces-pressure-from-declining-iphone-revenue-could-companys-first-foldable-smartphone-in-2026-reverse-course"> iPhones from Apple.</a>
While there are 17 states that offer sales tax holidays in July and August, only nine of them apply to products available from Apple, as <a href="https://9to5mac.com/2025/07/15/you-may-be-able-to-buy-apple-products-without-paying-state-sales-tax/">reported </a>by 9to5Mac.
Here are the states included, the dates of the tax-free holiday and what items are included:
<ul class="wp-block-list">
<li>Alabama: July 18 to July 20, maximum price $750, computers and accessories</li>
<li>Arkansas: Aug. 2 to Aug. 3, no maximum price, good on iPhones, iPads, Mac computers and more</li>
<li>Massachusetts: Aug. 9 to Aug. 10, maximum price $2,000 one item, no total limit, good on all items</li>
<li>New Mexico: July 25 to July 27, maximum price $1,000 for Mac/iPad, $500 for accessories</li>
<li>Ohio: Aug. 1 to Aug. 14: maximum price $500 savings on one item, all items</li>
<li>South Carolina: Aug. 1 to Aug. 3: no maximum price, good on all items</li>
<li>Tennessee: July 25 to July 27, maximum price $1,500, good on computers and accessories</li>
<li>Virginia: Aug. 1 to Aug. 3, maximum price $60 per item, good on some accessories</li>
<li>West Virginia: Aug. 1 to Aug. 4, maximum price $500, good on iPads</li>
</ul>
Apple lists the sales tax holiday on its <a href="https://www.apple.com/shop/campaigns/tax-holiday#:~:text=%E2%80%9310%2C%202025.-,To%20qualify%20for%20the%20tax%20exemption%2C%20the%20purchase%20must%20be,together%20cost%20more%20than%20$2500.">website </a>and says the purchases can be made online and in-store. Local taxes may apply for some of the items purchased during the state sales tax holiday.
Here are the local and state tax <a href="https://taxfoundation.org/data/all/state/sales-tax-rates/">rates </a>for the participating states:
<ul class="wp-block-list">
<li>Alabama: 9.44%</li>
<li>Arkansas: 9.48%</li>
<li>Massachusetts: 6.25%</li>
<li>New Mexico: 7.67%</li>
<li>Ohio: 7.30%</li>
<li>South Carolina: 7.49%</li>
<li>Tennessee: 9.61%</li>
<li>Virginia: 5.77%</li>
<li>West Virginia: 6.58%</li>
</ul>
Of the nine states that participate in the state sales tax reprieve and offer Apple products as an option, three are among the five highest states for local and sales taxes. Tennessee ranks second in the country, followed by Arkansas, which ranks third and Alabama, which ranks fifth.
Read Also: <a href="http://Apple's Foldable iPhone Could Land In 2026, And Leave Samsung Playing Catch-Up">Apple&#8217;s Foldable iPhone Could Land In 2026, And Leave Samsung Playing Catch-Up</a>
Why It's Important: Apple could see a boost in revenue in the U.S. during the July and August back-to-school months thanks to sales like these.
Apple reported revenue of $40.31 billion in the Americas segment in <a href="https://www.benzinga.com/news/earnings/25/05/45152493/apple-reports-strong-q2-earnings-revenue-beat-eps-beat-installed-base-hits-all-time-high-across-all-segments-100-billion-buyback-and-more">the second quarter</a>. iPhone sales declined year-over-year, while Mac and iPad sales were up on a year-over-year basis.
For Apple, selling more devices to students can also set up revenue opportunities down the road for its growing Services business, which set a record of $26.65 billion in the second quarter.
The National Retail Federation <a href="https://www.usatoday.com/story/money/2025/07/10/back-to-school-shopping-sales-tax-holiday-2025/84459340007/">estimates </a>that the average K-12 shopper budgeted $875 last year and college student shoppers budgeted $1,365. An NRF survey found that 76% of shoppers expect higher prices on the back-to-school items they need for the 2025 school year.
"These tax-free events can help drive customers to stores, and result in increased sales because customers may purchase additional items that they were not shopping for that day," said Katherine Cullen, NRF vice president of industry and consumer insights.
Time will tell if Apple sees a greater impact from the state sales tax holiday than in recent years, given that higher costs could drive more consumers to shop during sales and periods of deals to help offset the increased costs of having kids in school.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/entertainment/25/07/46279922/f1-is-apples-biggest-box-office-win-so-why-is-the-stock-stalling">F1 Is Apple&#8217;s Biggest Box-Office Win—So Why Is The Stock Stalling?</a></li>
</ul>
Photo: View Apart via Shutterstock

Long Ideas

Tech

Trading Ideas

AAPL

Apple Stock A Back-To-School Winner? Nine States Offer Sales Tax Holidays, Big Savings

WIIM

USAR

USA Rare Earth shares are trading higher amid strength in rare earth minerals stocks. The sector may be rising after MP Materials announced a deal with Apple and on reports indicating the US is moving to secure access to minerals to counter China.

<a href="https://www.cnbc.com/2025/07/15/trump-crypto-bills-fails-key-hurdle-congress.html" title="https://www.cnbc.com/2025/07/15/trump-crypto-bills-fails-key-hurdle-congress.html">https://www.cnbc.com/2025/07/15/trump-crypto-bills-fails-key-hurdle-congress.html</a>

Macro Economic Events

Economics

Markets

COIN

CRCL

HOOD

'Trump-backed crypto regulation bills fail to clear key hurdle in Congress' - CNBC

<a href="https://www.bostonfed.org/news-and-events/speeches/2025/using-data-in-monetary-policymaking.aspx">https://www.bostonfed.org/news-and-events/speeches/2025/using-data-in-monetary-policymaking.aspx</a>

Macro Notification

Politics

General

Fed's Collins Says Strong Business, Household Balance Sheets May Blunt Tariff Pain; Good Profit Margins May Limit Tariff Pass-Through; Tariffs Will Weigh For A Time On What Is Now Strong Economy; Economy Is Currently In A 'Good Place' Overall; Core Goods Inflation Showing Some Signs Of Tariff Impact

Fed's Collins Says Solid Economy Gives Fed Time To Decide Its Next Interest Rate Move; It Is Challenging To Set Monetary Policy Right Now Amid Uncertainty; It's Time For Fed To Be 'actively Patient' With Monetary Policy; Tariffs To Boost Inflation Over Second Half Of 2025, Core Inflation Around 3% By Year's End; Tariffs Will Slow Hiring But 'not Necessarily By A Large Amount'

<a href="https://www.politico.eu/article/germany-fiscal-structural-plan-infrastructure-security-military/?utm_source=RSS_Feed&amp;utm_medium=RSS&amp;utm_campaign=RSS_Syndication">https://www.politico.eu/article/germany-fiscal-structural-plan-infrastructure-security-military/?utm_source=RSS_Feed&amp;utm_medium=RSS&amp;utm_campaign=RSS_Syndication</a>

'EU approves Germany's mega spending plan'- Politico

CIBC analyst Cosmos Chiu maintains OR Royalties (TSX:<a class="ticker" href="https://www.benzinga.com/stock/OR#TSX">OR</a>) with a Outperformer and raises the price target from C$42 to C$57.

TSX:OR

CIBC Maintains Outperformer on OR Royalties, Raises Price Target to C$57

<a href="https://www.bloomberg.com/news/articles/2025-07-15/barkin-says-fed-s-rate-panel-hasn-t-always-followed-chair-s-lead">https://www.bloomberg.com/news/articles/2025-07-15/barkin-says-fed-s-rate-panel-hasn-t-always-followed-chair-s-lead</a>

'Barkin Says Fed's Rate Panel Hasn't Always Followed Chair's Lead'- Bloomberg

PETACH TIKVA, Israel, July 15, 2025 (GLOBE NEWSWIRE) -- PolyPid Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPD#NASDAQ">PYPD</a>) ("PolyPid" or the "Company"), a late-stage biopharma company aiming to improve surgical outcomes, today unveiled its long-acting GLP-1 receptor agonists (glucagon-like peptide-1 RA) delivery platform which aims to subcutaneously release GLP-1 RA for approximately 60 days, significantly longer than current weekly injection regimens. The platform releases GLP-1 in a linear way, overcoming the burst release seen with the current weekly delivered molecules. This discovery has the potential to significantly expand PolyPid's offering to a market which is projected to reach $100 billion by 2030.1
"This recent discovery represents a potential paradigm shift in GLP-1 therapy delivery that could transform patient care in the rapidly expanding diabetes and weight management markets," said Dikla Czaczkes Akselbrad, Chief Executive Officer of PolyPid. "By harnessing our proprietary prolonged-release technology, we aim to provide patients with consistent, therapeutic levels of GLP-1 for approximately 60 days with a single administration, potentially eliminating the need for weekly injections. This new pipeline discovery potentially marks a significant advancement in improving medication adherence and patient outcomes, addressing a critical gap in the treatment of obesity and type 2 diabetes chronic diseases."
PolyPid's proprietary technology is a sophisticated drug delivery system consisting of a polymer-lipid based matrix that creates a protected drug reservoir. This unique matrix architecture enables controlled and continuous drug delivery in the body over a prolonged time (weeks to months) in a single application. The technology has been clinically validated in over 1,000 patients including in two Phase 3 trials with no major safety concern.

Biotech

PYPD

Reported Earlier: PolyPid Reveals A Long-Acting GLP-1 Receptor Agonists Delivery Platform Targeting the Diabetes and Weight Loss Market; Aims To Subcutaneously Deliver GLP-1 For Approximately 60 Days, Compared To Current Standard Of Care Of Weekly Injections

<figure class="wp-block-image size-large"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2025/07/2025-07-15_08h24_24.png" alt="" /></figure>
To gain an edge, this is what you need to know today.
<h4 class="wp-block-heading">Trump Reversal</h4>
Please <a href="https://thearorareport.com/stock-market-chart-analysis-taco-trade-trump-reversal-nvidia-ai-chips-nvda-mc-07152025">click here</a> for an enlarged chart of NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Note the following:
<ul class="wp-block-list">
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of NVDA stock is being used to illustrate the point.</li>
<li>The chart shows that NVDA stock is gapping up on President Trump's reversal on H20 AI chip exports to China.</li>
<li>The chart shows that NVDA stock is extended after the breakout.</li>
<li>The chart shows that our recent buy signal on NVDA stock was given near the April lows.  NVDA core position is in The our ZYX Buy Core Model Portfolio, long from $12.55.</li>
<li>Here is the sequence of events: 
<ul class="wp-block-list">
<li>In April, the Trump administration had banned the sale of H20 AI chips to China.</li>
<li>Nvidia CEO Jensen Huang met with President Trump and was able to persuade him to allow the export of H20 chips to China.</li>
<li>President Trump's reversal is being seen in China as a gesture of goodwill from the U.S.</li>
<li>President Trump's reversal is adding to the bullishness all across the tech sector, especially in Advanced Micro Devices Inc (AMD), Intel Corp (INTC), Taiwan Semicndctr Mnufctrng Co Ltd (TSM), Broadcom Inc (AVGO), and Marvell Technology Inc (MRVL).</li>
<li>President Trump's reversal is also emboldening TACO (Trump Always Chickens Out) traders.&nbsp; TACO traders see President Trump's reversal on Nvidia as another data point confirming their belief that President Trump will not follow through with what he says on trade.</li>
</ul>
</li>
<li>Banks have kicked off earnings season. Among important bank earnings, JPMorgan Chase &amp; Co (JPM) earnings are better than consensus but less than whisper numbers.  As full disclosure, JPM is in our ZYX Buy Core Model Portfolio, long from $34.14. Citigroup Inc (C) reported earnings better than consensus and whisper numbers. Wells Fargo &amp; Co (WFC) reported better than consensus but below whisper numbers.</li>
<li>Consumer Price Index (CPI) came roughly inline with expectations.&nbsp; Here are the details: 
<ul class="wp-block-list">
<li>Headline CPI came at 0.3% vs. 0.3% consensus.</li>
<li>Core CPI came at 0.2% vs. 0.3% consensus.</li>
</ul>
</li>
<li>In our analysis, CPI data shows that progress on reducing inflation has halted.  The release of CPI data is bringing in buying on relief that the data was not worse.  This is an indication of the extreme bullishness that is prevailing in the stock market.  </li>
<li>Adding to the bullishness are two statements from Treasury Secretary Scott Bessent:</li>
<li>There is no need to be concerned about the China tariff deadline.</li>
<li>The process for Fed Chair Powell's replacement has started.</li>
<li>There has been very aggressive buying in nuclear stocks, including Nuscale Power Corp (SMR), Oklo Inc (OKLO), Nano Nuclear Energy Inc (NNE), and Cameco Corp (CCJ), after the announcement of Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) data center plans.  As full disclosure, META is in our ZYX Buy Core Model Portfolio, long from $49.92.  As full disclosure, SMR is in the portfolio that surrounds our Core Model Portfolio in ZYX Buy.</li>
<li>Producer Price Index (PPI) will be released tomorrow at 8:30am ET.</li>
</ul>
<h4 class="wp-block-heading">Magnificent Seven Money Flows</h4>
In the early trade, money flows are positive in Apple Inc (AAPL), Amazon.com, Inc. (AMZN), Alphabet Inc Class C (GOOG), NVDA, and Tesla Inc (TSLA), and META.
In the early trade, money flows are neutral in Microsoft Corp (MSFT).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ).
<h4 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h4>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (GLD).  The most popular ETF for silver is iShares Silver Trust (SLV).  The most popular ETF for oil is United States Oil ETF (USO).
<h4 class="wp-block-heading">Bitcoin</h4>
Bitcoin is seeing selling.
<h4 class="wp-block-heading">Arora Protection Band And What To Do Now</h4>
It is important for investors to look ahead and not in the rearview mirror.  Our proprietary Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h4 class="wp-block-heading">Traditional 60/40 Portfolio</h4>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Market Summary

Regulations

Econ #s

Opinion

NVDA

Trump Reversal On Nvidia H20 Adding To Bullishness, Buying On CPI Data

CIBC analyst Anita Soni maintains Kinross Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) with a Outperformer and raises the price target from $16 to $21.

CIBC Maintains Outperformer on Kinross Gold, Raises Price Target to $21

Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) announced today that funds managed by Blackstone Infrastructure and Blackstone Real Estate ("Blackstone") will invest over $25 billion to support the build out of Pennsylvania's digital and energy infrastructure and help catalyze an additional $60 billion investment into the Commonwealth. This initiative builds on Blackstone's track record as the leading investor in data centers and power infrastructure.
Investment Highlights
<ul>
<li>Ready to move. Blackstone-backed QTS, the largest independent data center operator in the world, has secured multiple land sites throughout Northeastern Pennsylvania to develop and operate Pennsylvania data center sites and intends to issue a Request for Information to invite other communities to participate in the build out of additional data centers.</li>
<li>Strong local partner. Blackstone has also formed a joint venture with PPL, a leading utility headquartered in Allentown, PA, with plans for the joint venture to invest in new natural gas power generation facilities in Pennsylvania to provide electricity for America's AI and reindustrialized future.</li>
<li>Creating local jobs. Over 6,000 jobs will be created or supported annually over an estimated 10-year construction timeline and over 3,000 permanent jobs will be created or supported during operations by QTS and its customers. Blackstone has a long-standing relationship with labor and plans to continue that partnership in Pennsylvania.</li>
<li>Abundant low-cost energy. Pennsylvania is uniquely suited to serve as a strategic hub to power the nation's AI objectives given its abundant low-cost energy that accounts for 20% of the nation's natural gas production.</li>
<li>PA Fast Track. QTS will work with local, county and commonwealth officials to utilize Pennsylvania's new project management systems (Fast Track) to ensure that all permitting requirements are accomplished at the speed required to meet national priorities in the development and use of AI.</li>
<li>Community Partnership. Blackstone aims to invest in alignment with state and community goals, which in Pennsylvania support the build-out of energy and digital infrastructure. Blackstone and QTS intend to engage in a wide range of volunteer opportunities, and community outreach and partnerships across Pennsylvania.</li>
</ul>

Blackstone-Led Data Center And Energy Projects To Generate Over 9,000 Jobs In Pennsylvania

AIOT

Powerfleet Secures Partnership With SIXT Mexico To Advance Digital Vehicle Rental Operations Via Unity's AIoT

CIBC analyst Anita Soni maintains Iamgold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) with a Outperformer and raises the price target from $9.2 to $10.4.

CIBC Maintains Outperformer on Iamgold, Raises Price Target to $10.4

Venture to serve data center power needs through long-term energy supply agreements
ALLENTOWN, Pa., July 15, 2025 /PRNewswire/ -- PPL Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) ("PPL") and Blackstone Infrastructure today announced that they have formed a joint venture to build, own and operate new gas-fired, combined-cycle generation stations to power data centers under long-term energy services agreements (ESA). The announcement was made at the Pennsylvania Energy and Innovation Summit hosted by Sen. David McCormick at Carnegie Mellon University in Pittsburgh.
PPL owns 51% of the joint venture interest, with Blackstone Infrastructure owning 49%. The parties will ratably share joint venture expenses and distributions. The joint venture does not include PPL Electric Utilities or PPL's other regulated subsidiaries.
 &nbsp;

Blackstone Infrastructure Forms JV With PPL To Build Combined-Cycle Power Stations For Digital Infrastructure

CIBC analyst Bryce Adams maintains Hudbay Minerals (TSX:<a class="ticker" href="https://www.benzinga.com/stock/HBM#TSX">HBM</a>) with a Outperformer and raises the price target from C$15.5 to C$16.

TSX:HBM

CIBC Maintains Outperformer on Hudbay Minerals, Raises Price Target to C$16

Mullen Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) shares moved lower on Tuesday after the electric vehicle maker announced a consolidation of its business and a forthcoming rebrand to streamline operations and<a href="http://benzinga.com/pressreleases/25/07/g46413988/mullen-announces-name-change-to-bollinger-innovations-and-consolidation-of-operations-to-drive-eff" target="_blank" rel="noreferrer noopener"> improve financial efficiency</a>.
The company revealed plans to merge operations with its subsidiary Bollinger Motors, adopt a new corporate name, Bollinger Innovations, and update its NASDAQ ticker symbol prior to August 15, 2025.
The restructuring involves centralizing its commercial vehicle operations in Oak Park, Michigan, and consolidating all sales, marketing, and service divisions under the Bollinger brand.
Also Read: <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46421525/whats-going-on-with-lucid-group-stock-on-tuesday-3" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Lucid Group Stock On Tuesday?</a>
Since the beginning of 2025, Mullen said it has reduced its workforce by 155 positions and expects to cut operating expenses by at least $35 million annually.
Executives say the consolidation eliminates duplicative functions and focuses resources on the company's core offerings in the Class 1, 3, and 4 electric commercial vehicle segments.
"After the consolidation, we are laser focused and confident we will drive our products into the market while being fiscally responsible under one unified brand," said Jim Connelly, Chief Revenue Officer of Bollinger Motors.
Jonathon New, Chief Operating Officer of Mullen Automotive, emphasized that the move would unlock substantial savings across sales, engineering, and operations.
David Michery, CEO and Chairman of Mullen, added the changes are essential for scaling toward profitability.
The updated lineup includes the Mullen ONE, a Class 1 electric cargo van, and the Mullen THREE, a Class 3 cab chassis EV truck, both fully certified under U.S. safety and emissions regulations.
Meanwhile, Bollinger's B4 Chassis Cab, an all-electric Class 4 truck, boasts a 158-kWh battery pack, 185-mile range, and payload capacity of 7,325 pounds.
Executives noted the company anticipates meaningful sales orders this fiscal quarter.
Price Action: MULN shares are trading lower by 5.7% to $0.1109 at last check Tuesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/earnings/25/07/46414749/wells-fargos-net-interest-income-shrinks-in-q2-bank-trims-outlook" target="_blank" rel="noreferrer noopener">Wells Fargo&#8217;s Net Interest Income Shrinks In Q2, Bank Trims Outlook</a></li>
</ul>
Photo by Ringo Chiu via Shutterstock

Equities

Movers

MULN

EV Maker Mullen Automotive Rebrands To Bollinger Innovations

<ul>
<li>Pennsylvania is uniquely suited to serve as a strategic hub to power America's AI future</li>
<li>Blackstone-backed QTS, the largest independent data center operator in the world, to develop and operate new Pennsylvania data center sites</li>
<li>Blackstone has formed a joint venture with PPL to invest in new Pennsylvania natural gas power generation facilities</li>
<li>Over 6,000 jobs will be created or supported annually over an estimated 10-year construction timeline</li>
</ul>
Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) announced today that funds managed by Blackstone Infrastructure and Blackstone Real Estate ("Blackstone") will invest over $25 billion to support the build out of Pennsylvania's digital and energy infrastructure and help catalyze an additional $60 billion investment into the Commonwealth. This initiative builds on Blackstone's track record as the leading investor in data centers and power infrastructure.
Construction is expected to commence by year-end 2028 subject to permitting and utility approvals.

Blackstone To Invest Over $25B To Support Pennsylvania's Digital And Energy Infrastructure And Help Catalyze Addl $60B Investment Into Commonwealth

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