Hippo Holdings (NYSE:HIPO) 주식

Hippo Holdings

Hippo Holdings Inc is a home insurance group that created a new standard of care and protection for homeowners. It provides insurance for computers, home offices, electronics, appliances, water backup, and service line coverage, among others. It has three reportable segments Services segment earns fees and commission income without assuming underwriting risk or need for reinsurance, Insurance-as-a-Service managed through the company's subsidiary Spinnaker is a platform to support third-party MGAs, and the Hippo Home Insurance Program engaged in homeowners insurance business. It generates the majority of its revenue from the Insurance-as-a-Service segment.

Hippo Holdings Inc

Sen. Bernie Sanders (I-VT) has once again urged Americans to demand a shorter work week, now that AI technologies are boosting productivity across sectors.  
What Happened: In a recent X post, Sanders wrote: "With the explosion of AI, new technology and increased worker productivity, we should demand a shorter work week, increased life expectancy and a decent standard of living for all. The benefits of AI must go to working families, not just high-tech CEOs."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">With the explosion of AI, new technology and increased worker productivity, we should demand a shorter work week, increased life expectancy and a decent standard of living for all. The benefits of AI must go to working families, not just high-tech CEOs.
&mdash; Bernie Sanders (@BernieSanders) <a href="https://twitter.com/BernieSanders/status/1934650206680731730?ref_src=twsrc%5Etfw">June 16, 2025</a></blockquote>
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This post came after <a href="https://www.benzinga.com/news/topics/25/06/45884340/ai-is-a-big-deal-says-bernie-sanders-wants-ai-productivity-gains-to-benefit-workers-not-just-wealthy-wall-street-shareholders">another post he made earlier this month</a>, referring to <a href="https://www.benzinga.com/markets/tech/25/06/45905624/nvidia-ceo-jensen-huang-claps-back-at-anthropics-dario-amodei-says-i-pretty-much-disagree-with-almost-everything-he-said-about-ai-wiping-out-jobs">Anthropic&nbsp;CEO&nbsp;Dario Amodei's&nbsp;prediction</a> that AI is likely to eradicate&nbsp;half&nbsp;of all entry-level white-collar jobs, and push unemployment to 10-20% within the coming one to five years.
"The CEO of Anthropic (a powerful AI company) predicts that AI could wipe out HALF of entry-level white collar jobs in the next 5 years. We must demand that increased worker productivity from AI benefits working people, not just wealthy stockholders on Wall St. AI IS A BIG DEAL," Sanders wrote.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45965573/openai-wins-200-million-us-defense-contract-for-ai-warfare-capabilities-as-the-company-looks-to-raise-40-billion">OpenAI Wins $200 Million US Defense Contract For AI Warfare Capabilities As The Company Looks To Raise $40 Billion</a>
Why It Matters: Sanders has repeatedly cautioned against the concentration of AI's benefits in the hands of the elite few. <a href="https://www.benzinga.com/news/23/04/31801029/bernie-sanders-wants-to-make-sure-ai-works-for-us-and-not-for-billionaires-who-already-control-every">In 2023, he emphasised that technology like AI should be useful to everyone</a>: "It is imperative that we make sure that new technology like artificial intelligence works for us, and not just a few billionaires who already control everything else about our economy,&#8221; he wrote on X.
In April this year, Sanders referred to Elon Musk&#8217;s&nbsp;<a href="https://www.benzinga.com/25/03/44447947/big-short-investor-danny-moses-warns-of-economic-risks-from-elon-musks-doge-induced-federal-job-cuts" target="_blank" rel="noreferrer noopener">dismissal of federal workers</a>&nbsp;under the Trump administration&#8217;s Department of Government Efficiency, and <a href="https://www.benzinga.com/news/25/04/44757196/bernie-sanders-warns-the-job-you-have-today-aint-going-to-be-here-in-10-or-15-years-as-ai-and-robotics-threaten-us-workforce">advised the public to consider the AI threat seriously.</a>
&#8220;If Musk can do this to federal employees, what do you think he&#8217;s going to be doing when artificial intelligence and robotics come for your job?&#8221; he asked. &#8220;The job you have today ain&#8217;t going to be here in 10 or 15 years.&#8221;
In his latest post, he highlighted the possibility of shorter work weeks aided by AI, an idea that has been promoted by the likes of <a href="https://www.benzinga.com/personal-finance/25/03/44481583/bill-gates-thinks-you-might-only-work-2-3-days-a-week-thanks-to-ai-but-also-says-legitimately-people-are-like-wow-this-is-a-bit-scary">Microsoft CEO Bill Gates</a> and <a href="https://www.benzinga.com/markets/tech/25/06/45944333/zoom-ceo-eric-yuan-dismisses-work-life-balance-work-is-life-life-is-work-with-one-important-caveat">Zoom CEO Eric Yuan</a>.
Tesla CEO Elon Musk predicted earlier this year that AI would eventually eliminate the need for humans to work at all: "In a benign scenario,&nbsp;<a href="https://www.benzinga.com/general/24/05/39044740/probably-none-of-us-will-have-a-job-elon-musk-predicts-massive-job-losses-due-to-ai" target="_blank" rel="noreferrer noopener">probably none of us will have a job</a>,&#8221; Musk said. &#8220;There will be <a href="https://www.benzinga.com/personal-finance/management/25/06/45930142/there-will-be-universal-high-income-elon-musk-predicts-with-80-certainty-that-none-of-us-will-have-jobs-but-bill-gates-says-its-too-soon">universal high income</a>. I&#8217;d say there&#8217;s about an 80% chance that AI advances will lead to a situation where humans will not need to work and will have all they need.&#8221;
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45965931/geoffrey-hinton-says-be-a-plumber-if-you-want-to-have-a-safe-job-godfather-of-ai-says-everyone-doing-mundane-intellectual-labor-will-be-replaced">Geoffrey Hinton Says Be A &#8216;Plumber&#8217; If You Want To Have A Safe Job, &#8216;Godfather Of AI&#8217; Says Everyone Doing &#8216;Mundane Intellectual Labor&#8217; Will Be Replaced</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

Bernie Sanders Says AI Boom Must Serve Working Families, Not Billionaires: Calls For Shorter Work Week, Higher Quality Of Life

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk on Monday posted laboratory results showing negative drug test results for over 20 substances, including cocaine, opiates, and cannabinoids. Musk shared the lab report on X with a simple &#8220;lol&#8221; comment.
What Happened: The United States Drug Testing laboratory report, dated June 16 and collected June 11, shows negative results across a comprehensive URINE17 panel. Tested substances included benzodiazepines, amphetamines, ecstasy, barbiturates, cocaine, ketamine, methadone, opiates, PCP, oxycodone, cannabinoids, fentanyl, and ethanol. 
Sample validity tests confirmed normal pH levels at 5.11 and creatinine at 47.16 mg/dL.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">lol <a href="https://t.co/pMe3YfXFxS">pic.twitter.com/pMe3YfXFxS</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1934879919059947788?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
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The posting comes days after Musk&#8217;s online feud with President Donald Trump. The Washington Post reported on June 8 that Trump has privately called Musk a &#8220;big-time drug addict&#8221; in conversations with allies, marking a significant <a href="https://www.benzinga.com/news/politics/25/06/45829416/trump-allegedly-calling-people-to-claim-elon-musk-has-serious-drug-problem-big-time-drug-addict">deterioration in their previously strong alliance</a>.
Trump&#8217;s private assertions <a href="https://www.benzinga.com/cannabis/25/05/45700477/elon-musk-was-using-drugs-while-on-campaign-trail-with-trump-including-ecstasy-and-psychedelic-mushrooms">followed a May 30 New York Times report</a> alleging Musk consumed ketamine, ecstasy, and psychedelic mushrooms during the 2024 campaign trail. The Times reported Musk told associates he was taking so much ketamine it affected his bladder and he traveled daily with a box containing 20 pills, including Adderall.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/45967200/ice-could-run-out-of-money-in-weeks-trumps-immigration-push-now-threatens-to-break-the-budget-report">ICE Could Run Out Of Money In Weeks — Trump&#8217;s Immigration Push Now Threatens To Break The Budget: Report</a>
Why It Matters: The political fallout intensified after Musk&#8217;s NASA pick, Jared Isaacman, made Democratic donations, reportedly infuriating Trump. Sources told the Post that Trump considered investigating Musk&#8217;s government contracts following Musk&#8217;s criticism of Trump&#8217;s budget bill and social media <a href="https://www.benzinga.com/news/politics/25/06/45829416/trump-allegedly-calling-people-to-claim-elon-musk-has-serious-drug-problem-big-time-drug-addict">posts echoing impeachment rhetoric</a>.
Musk has previously acknowledged using prescription ketamine for depression and famously smoked marijuana during a 2018 Joe Rogan podcast appearance, which <a href="https://www.benzinga.com/news/legal/25/02/43560520/elon-musk-who-smoked-weed-on-rogans-podcast-calls-federal-drug-testing-a-great-idea">triggered mandatory drug testing</a> for SpaceX employees due to federal contracts.
Price Action: Tesla stock closed at $329.13 on Monday, gaining 1.17% for the day. In pre-market trading on Tuesday, the stock dipped 0.83% to $326.40. Year to date, Tesla shares are down 13.22%, or $50.15.
TSLA excels in Momentum, Quality, and Growth metrics but falls short on Value. For more insights like this, <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">subscribe</a> to Benzinga Edge Stock Rankings today!
<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="882" height="622" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17053236/image-259.png" alt="" class="wp-image-951913" style="width:376px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17053236/image-259.png 882w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17053236/image-259-300x212.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17053236/image-259-768x542.png 768w" sizes="(max-width: 882px) 100vw, 882px" /></a></figure>
Read Next: 
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<li><a href="https://www.benzinga.com/news/events/25/06/45967070/howard-lutnick-says-nearly-70000-register-for-5-million-trump-card-visa-as-us-eyes-1-trillion-windfall-from-premium-immigration-plan">Howard Lutnick Says Nearly 70,000 Register For $5 Million &#8216;Trump Card&#8217; Visa As US Eyes $1 Trillion Windfall From Premium Immigration Plan</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
<span class="author" style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246/0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ;">

Politics

TSLA

Elon Musk Claps Back At Trump's 'Big-Time Drug Addict' Jibe, Says He Tested Negative For Over 20 Substances

U.S. stock futures were trading lower on Tuesday following Monday&#8217;s advance. Futures of major benchmark indices were lower in premarket.
President Donald Trump called on <a href="https://www.benzinga.com/news/events/25/06/45964856/trump-asks-everyone-to-immediately-evacuate-tehran-odds-of-us-striking-iran-spike-on-crypto-betting-platform">Iranians to leave Tehran</a>, pointing to the government&#8217;s refusal to accept a deal aimed at limiting nuclear weapons development, amid ongoing attacks between Israel and Iran that marked the fifth consecutive day on Tuesday.
At the G7 summit in Canada, world leaders urged a reduction in tensions during the most severe clash ever between these regional adversaries, labeling Iran as a source of instability and insisting it must never acquire nuclear weapons, while also recognizing Israel&#8217;s right to self-defense.
Trump took to Truth Social on Monday to clarify his abrupt departure from the G7 Summit in Canada. He refuted Macron's claim that he was returning to Washington to negotiate a ceasefire between Israel and Iran. "He has no idea why I am now on my way to Washington, but it certainly has nothing to do with a Cease Fire. Much bigger than that," Trump wrote.
Trump had previously urged citizens of Tehran, Iran's capital, to evacuate immediately, indicating a potential U.S. involvement in the conflict.
Meanwhile, President Trump, while on Air Force One returning from the G-7 summit, told reporters he is seeking <a href="https://www.benzinga.com/markets/equities/25/06/45968002/trump-says-israel-iran-ceasefire-not-on-the-table-left-g7-early-for-a-much-bigger-reason-spy-qqq">&#8220;a real end&#8221; to Iran&#8217;s nuclear issue</a>, with Tehran giving it up &#8220;entirely.&#8221;
The 10-year Treasury bond yielded 4.43% and the two-year bond was at 3.96%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 99.9% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.59%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.54%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.46%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.94%</td>
</tr>
</tbody>
</table>
</figure>
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, fell in premarket on Tuesday. The SPY was down 0.54% at $599.42, while the QQQ declined 0.58% to $531.18, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Communication services, information technology, and consumer discretionary stocks recorded the biggest gains on Monday, leading most sectors on the S&amp;P 500 to close on a positive note, while utilities and health care stocks bucked the overall market trend, ending the session lower.
Sage Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) shares surged over 35% on Monday following Supernus Pharmaceuticals&#8217; agreement to acquire the company.
Conversely, shares of Sarepta Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>) dropped more than 42% after the company halted ELEVIDYS shipments and paused the ENVISION trial due to a second fatal liver failure in non-ambulatory Duchenne patients.
On the economic front, the New York Empire State Manufacturing Index fell to a reading of -16 in June, down from May's figure of -9.2 and below market expectations of -5.5.
The Dow Jones index ended 317 points or 0.75% higher at 42,515.09, whereas the S&amp;P 500 index rose 0.94% to 6,033.11. Nasdaq Composite advanced 1.52% to 19,701.21, and the small-cap gauge, Russell 2000, gained 1.12% to end at 2,124.13.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.52%</td>
<td>19,701.21</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.94%</td>
<td>6,033.11</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.75%</td>
<td>42,515.09</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.12%</td>
<td>2,124.13</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Despite the dominating geopolitical headlines, a senior economist at WisdomTree, Jeremy Siegel, told investors that they need to focus on the more meaningful development: &#8220;the continued softening of inflation data.&#8221;
&#8220;Both CPI and PPI came in on the low side, confirming the disinflationary trend that's been evident. These price increases have not yet fully worked their way into the data and are likely to show up over the next couple of months. Even so, the underlying trend is down (excluding tariff impacts coming up). My view remains firm: ex-tariffs, inflation is cooling, and the Fed should begin easing policy,&#8221; he said.
He said that he remains &#8220;optimistic&#8221; about the stock market. &#8220;Markets have shown impressive resilience, inflation is heading in the right direction, and the Fed will ultimately come along. Stay focused on fundamentals and avoid getting whipsawed by noise,&#8221; he added.
Meanwhile, Jeff Buchbinder, the chief equity strategist at LPL Financial explained that there are several key questions to answer before we know how stocks will handle this geopolitical shock, including how much of Iran's energy infrastructure will be impaired and for how long, whether Iran's nuclear capabilities will be completely wiped out, and whether the current regime will remain in power.
For those surprised that the U.S. stock market held up well on Monday, Buchbinder argued that it was a combination of several factors:
<ul class="wp-block-list">
<li>The likelihood of regime change in Iran and a resulting "peace dividend",</li>
<li>U.S. energy independence,</li>
<li>Israel's interest in limiting the suffering of Iranian civilians (which could mean limited disruption to oil production facilities), and</li>
<li>Both players have limited resources and an interest in keeping the conflict contained.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Tuesday:
<ul class="wp-block-list">
<li>May&#8217;s U.S. retail sales and import price index will be out by 8:30 a.m. ET.</li>
<li>May&#8217;s industrial production and capacity utilization will be announced by 9:15 a.m. ET.</li>
<li>April Business inventories data and June&#8217;s home builder confidence index data will be released at 10:00 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) was up 0.65% in premarket on Tuesday as analysts expect it to report quarterly earnings of $2.31 per share on revenue of $7.06 billion, before the opening bell.</li>
<li>John Wiley &amp; Sons Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLY#NYSE">WLY</a>) advanced 2.03% ahead of its earnings, which are supposed to be released before the opening bell. Analysts expect earnings of $1.27 per share on revenue of $434.90 million.</li>
<li>La-Z-Boy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) declined 0.077% as analysts expect it to report quarterly earnings of 93 cents per share on revenue of $557.44 million, after the closing bell.</li>
<li>Globus Maritime Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBS#NASDAQ">GLBS</a>) dropped 3.91% after posting downbeat results for the first quarter on Monday. The company reported a quarterly loss of 7 cents per share, compared to market estimates of a loss of 3 cents per share.</li>
<li>Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) was up 2.70% after reporting mixed results for the second quarter after Monday's closing bell.</li>
<li>Digital Turbine Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPS#NASDAQ">APPS</a>) jumped 6.86% after it reported quarterly earnings of 10 cents per share, which beat the analyst consensus estimate of four cents.</li>
<li>High Tide Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HITI#NASDAQ">HITI</a>) edged 2.67% higher after it reported second-quarter revenue of $96.94 million versus estimates of $96.73 million, up 11% year-over-year.</li>
<li>Redwire Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>) plunged 9.14% after it announced a $200 million registered public offering of common stock.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 1.48% to hover around $71.29 per barrel.
Gold Spot US Dollar fell 0.18% to hover around $3,379.21 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.19% at the 98.1870 level.
Asian markets ended mixed on Tuesday as South Korea's Kospi and Japan's Nikkei 225 indices rose. While China&#8217;s CSI 300, Hong Kong's Hang Seng, Australia's ASX 200, and India's S&amp;P BSE Sensex indices declined. European markets were lower in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45967469/us-equity-funds-are-raking-in-billions-these-are-the-ones-beating-trumps-tariff-shock-in-2025">US Equity Funds Are Raking In Billions—These Are The Ones Beating Trump&#8217;s Tariff Shock in 2025</a></li>
</ul>
Photo courtesy: Shutterstock

Equities

APPS

GLBS

HITI

SAGE

SRPT

US Stock Futures Tumble After Trump Threatens 'Real End' To Iran's Nuclear Problem: '…Avoid Getting Whipsawed By Noise,' Says Expert

News

RTX's Unit Pratt & Whitney Says It Added ITP Aero To GTF MRO Network For Airbus A220 And Embraer E2 Engine Maintenance

U.S. President&nbsp;Donald Trump&nbsp;has dismissed French President Emmanuel Macron&#8216;s assertion that he left the G7 Summit for a ceasefire between Israel and Iran, hinting at a more significant reason for his return to Washington.
What Happened:&nbsp;Trump took to Truth Social on Monday to clarify his abrupt departure from the G7 Summit in Canada. He refuted Macron&#8217;s claim that he was returning to Washington to negotiate a ceasefire between Israel and Iran. &#8220;He has no idea why&nbsp;I am now on my&nbsp;way to Washington, but it&nbsp;certainly has nothing to do&nbsp;with a Cease Fire. Much&nbsp;bigger than that,&#8221; Trump wrote.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="479" height="236" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17054135/image-260.png" alt="" class="wp-image-951927" style="width:583px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17054135/image-260.png 479w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17054135/image-260-300x148.png 300w" sizes="(max-width: 479px) 100vw, 479px" /></figure>
Trump&#8217;s post comes amid escalating tensions in the Middle East, with the conflict between Israel and Iran entering its fifth day. Trump had previously urged citizens of Tehran, Iran&#8217;s capital, to evacuate immediately, indicating a potential U.S. involvement in the conflict.
Meanwhile, President Trump, while on Air Force One returning from the G-7 summit, told reporters he is seeking "a real end" to Iran's nuclear issue, with Tehran giving it up "entirely," rather than merely agreeing to a ceasefire with Israel, <a href="https://www.cbsnews.com/news/trump-real-end-iran-nuclear-program/?intcid=CNI-00-10aaa3a">reported </a>CBS News
&#8220;I didn&#8217;t say I was looking for a ceasefire,&#8221; Trump clarified to the reporters. 
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/commodities/25/06/45948096/exxon-mobil-chevron-occidental-petroleum-in-focus-as-expert-says-us-economy-is-far-less-sensi" target="_blank" rel="noreferrer noopener">Exxon Mobil, Chevron, Occidental Petroleum In Focus As Expert Says &#8216;US Economy Is Far Less Sensitive To An Oil Shock&#8217; Amid Israel-Iran Conflict</a>
Why It Matters: Trump&#8217;s post and his call for evacuation in Tehran have led to a <a href="https://www.benzinga.com/news/events/25/06/45964856/trump-asks-everyone-to-immediately-evacuate-tehran-odds-of-us-striking-iran-spike-on-crypto-betting-platform">spike in bets </a>on a U.S. strike against Iran on cryptocurrency betting platforms.
Meanwhile, Iran is considering exiting the Nuclear <a href="https://www.benzinga.com/news/politics/25/06/45964516/iran-considers-bill-to-exit-nuclear-treaty-that-prevents-spread-of-atomic-weapons-israels-actions-affect-strategic-decisions">Non-Proliferation Treaty </a>amid the escalating tensions with Israel. This move comes as accusations regarding Iran&#8217;s nuclear ambitions intensify.
Trump&#8217;s post suggests that his return to Washington might be related to these escalating tensions, but the exact reason remains unclear. &#8220;Stay Tuned!&#8221; he concluded his post.
During the Tuesday pre-market trading session, Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) and SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) are trading lower by 0.59% and 0.56%, respectively. Meanwhile, WTI crude oil edged 1.49% higher at 5:51 am ET.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/politics/25/06/45967200/ice-could-run-out-of-money-in-weeks-trumps-immigration-push-now-threatens-to-break-the-budget-repor" target="_blank" rel="noreferrer noopener">ICE Could Run Out Of Money In Weeks — Trump&#8217;s Immigration Push Now Threatens To Break The Budget: Report</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 Says Israel-Iran 'Ceasefire' Not On The Table, Left G7 Early For A 'Much Bigger' Reason: SPY, QQQ Dip In Premarket, Oil Climbs

WireX Systems Partners With Brown & Brown To Deliver Enhanced Cyber Risk Management And Insurance Solutions

Immuneering Corporation, a clinical-stage oncology company outpacing cancer to help patients outlive their disease, today announced positive data from its ongoing Phase 2a clinical trial evaluating atebimetinib (IMM-1-104), an oral, once-daily novel MEK inhibitor, in combination with modified gemcitabine/nab-paclitaxel (mGnP) in first-line pancreatic cancer patients.
"These exceptional data demonstrate the potential of atebimetinib plus mGnP to dramatically extend the lives of patients with advanced pancreatic cancer," said Ben Zeskind, Ph.D., Co-founder and Chief Executive Officer of Immuneering. "94% overall survival at 6 months is remarkable in first-line pancreatic cancer patients. Atebimetinib was designed to deliver exceptional durability and tolerability to a broad range of patients with different cancers, and it is deeply gratifying to see evidence of that playing out first in one of the most aggressive and deadly types of cancer. Our ultimate goal is to help cancer patients outlive their disease, and today's announcement represents an important milestone on that journey."

IMRX

Immuneering Reports Overall Survival Data For Atebimetinib (IMM-1-104) From Ongoing Phase 2a Trial In First-Line Pancreatic Cancer Patients; Says Pivotal Trial Of Atebimetinib In Combination With mGnP In First-line Pancreatic Cancer Patients Planned For 2026

Walker & Dunlop Says It Arranged $125M Construction Loan For Mixed-Use Property, Cassi In The Miami Design District

STMicroelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) announced on Tuesday its new Human Presence Detection (HPD) technology for laptops, PCs, monitors, and accessories. This technology delivers a more than <a href="https://newsroom.st.com/media-center/press-item.html/t4711.html">20%</a> daily power consumption reduction and improves security and privacy.
STMicroelectronics&#8217; proprietary solution combines market-leading FlightSense Time-of-Flight (ToF) sensors with unique AI algorithms to deliver hands-free, fast Windows Hello authentication.
Florian Domengie, PhD Principal Analyst, Imaging at Yole Group said, &#8220;Time-of-Flight (ToF) technology is expanding beyond smartphones and tablets into drones, robots, AR/VR headsets, home projectors, and laptops. Compact and affordable multizone dToF sensors are now emerging to enhance laptop experiences and enable new use cases.&#8221;
Also Read: <a href="https://www.benzinga.com/news/earnings/25/04/44978860/stmicro-calls-out-bottom-in-q1-forecasts-q2-rebound-focusing-on-cost-cuts" target="_blank" rel="noreferrer noopener">STMicro Calls Out Bottom In Q1, Forecasts Q2 Rebound Focusing On Cost Cuts</a>
The new ST solution is a readily deployable system based on FlightSense 8×8 multizone Time-of-Flight sensor (VL53L8CP) complemented by proprietary AI-based algorithms enabling functionalities such as human presence detection, multi-person detection, and head orientation tracking. This integration creates a unique, ready-to-use solution for OEMs that require no additional development.
This 5th&nbsp;generation of sensors also integrates advanced features such as gesture recognition, hand posture recognition, and wellness monitoring through human posture analysis.
STMicroelectronics stock plunged over 31% in the last 12 months. The Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) supplier is <a href="https://www.benzinga.com/media/25/01/43399736/apple-and-tesla-supplier-stmicroelectronics-plans-up-to-3000-job-cuts-in-italy-and-france" target="_blank" rel="noreferrer noopener">grappling with a</a> demand slump in the industrial and auto sectors.
A January report indicated the company is considering downsizing its workforce in Italy and France by up to 6%, implying 2,000-3,000 workers.
Price Action: STM stock are trading lower by 0.61% to $29.48 premarket at last check Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/initiation/25/06/45956396/allegro-microsystems-being-the-leader-in-critical-magnetic-sensors-for-evs-justifies-premium-valuation-analyst" target="_blank" rel="noreferrer noopener">Allegro MicroSystems Being The Leader In Critical Magnetic Sensors For EVs Justifies Premium Valuation: Analyst</a></li>
</ul>
Photo by Michael Vi via Shutterstock

AAPL

STMicro Unveils Smart Sensor To Cut PC Power Use, Boost Privacy

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) confronts another National Labor Relations Board complaint over alleged union-busting activities at its DCK6 facility in San Francisco, marking the latest regulatory challenge for the $2 trillion e-commerce giant.
What Happened: The NLRB Region 20 complaint seeks to force Amazon to rehire terminated workers and ensure union supporters receive deserved raises, bonuses, and promotions. This follows a previous April complaint demanding Amazon bargain with the Teamsters at the same facility.
&#8220;Amazon Teamsters are securing victories on the ground and in the courts,&#8221; said Randy Korgan, Director of the Teamsters Amazon Division. &#8220;Workers will not back down, and we will continue to take on this behemoth of a company.&#8221;
The complaints stem from a December holiday strike where over 100 San Francisco workers joined a nationwide unfair labor practice strike. Ken Chu, an Amazon Teamster at DCK6, stated: &#8220;Amazon tried every trick in the book to stop us from organizing a union and we succeeded anyway.&#8221;
Amazon did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/news/events/25/06/45967070/howard-lutnick-says-nearly-70000-register-for-5-million-trump-card-visa-as-us-eyes-1-trillion-windfall-from-premium-immigration-plan">Howard Lutnick Says Nearly 70,000 Register For $5 Million &#8216;Trump Card&#8217; Visa As US Eyes $1 Trillion Windfall From Premium Immigration Plan</a>
Why It Matters: This regulatory pressure intensifies amid broader labor disputes. Approximately 15,800 Amazon Flex drivers filed arbitration claims in June 2024, <a href="https://www.benzinga.com/markets/equities/24/06/39293353/amazon-faces-arbitration-from-flex-drivers-demanding-employee-rights-report">alleging misclassification as contractors rather than employees</a>. In October 2024, the <a href="https://www.benzinga.com/government/24/10/41171072/amazon-accused-of-union-busting-after-drivers-unionize-nlrb-files-complaint?utm_source=chatgpt.com">NLRB charged Amazon</a> for refusing to bargain with unionized drivers in California.
The company spent over $3 million in 2023 to prevent unionization among delivery network employees. California fined Amazon $5.9 million for violating worker quota laws, while France imposed a $35 million <a href="https://www.benzinga.com/government/24/10/41171072/amazon-accused-of-union-busting-after-drivers-unionize-nlrb-files-complaint?utm_source=chatgpt.com">penalty for labor violations in 2024</a>.
 The Teamsters represent 1.3 million workers across North America, signaling potential for expanded union activity across Amazon&#8217;s logistics network.
According to Benzinga Edge Stock Rankings, AMZN demonstrates strong growth and positive momentum, backed by a reasonable valuation. The stock has sustained a favorable price trend over both short- and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here for the full stock analysis</a>.
<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="890" height="640" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17055143/image-261.png" alt="" class="wp-image-951946" style="width:638px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17055143/image-261.png 890w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17055143/image-261-300x216.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17055143/image-261-768x552.png 768w" sizes="(max-width: 890px) 100vw, 890px" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/news/politics/25/06/45967200/ice-could-run-out-of-money-in-weeks-trumps-immigration-push-now-threatens-to-break-the-budget-report">ICE Could Run Out Of Money In Weeks — Trump&#8217;s Immigration Push Now Threatens To Break The Budget: 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: Markus Mainka / Shutterstock.com

Markets

AMZN

Amazon Faces New NLRB Complaint Over Union-Busting At San Francisco Warehouse—'Workers Will Not Back Down,' Vows Teamsters Leader Randy Korgan

Macro Economic Events

Econ #s

Economics

Eurozone ZEW Economic Sentiment For June 35.3 Vs. 23.5 Est.; 11.6 Prior

Germany ZEW Economic Sentiment For June 47.5 Vs. 34.8 Est.; 25.2 Prior

Shares of Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) rose sharply in today's pre-market trading after the company reported mixed results <a href="https://www.benzinga.com/quote/LEN/earnings">for the second quarter</a>.
Lennar reported quarterly earnings of $1.90 per share, which missed the Street estimate of $1.94. Quarterly revenue of $8.38 billion beat the analyst consensus estimate of $8.16 billion.
Lennar shares jumped 2.3% to $111.97 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>XCF Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFX#NASDAQ">SAFX</a>) surged 113.1% to $4.71 in pre-market trading after dipping around 37% on Monday. XCF Global announced the appointment of new board of directors following business combination.</li>
<li>Salarius Pharmaceuticals, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRX#NASDAQ">SLRX</a>) shares jumped 110.9% to $1.33 in pre-market trading after the company disclosed it received an extension from the Nasdaq to regain compliance.</li>
<li>Verve Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERV#NASDAQ">VERV</a>) jumped 84.1% to $11.54 in pre-market trading.</li>
<li>Jianzhi Education Technology Group Company Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZ#NASDAQ">JZ</a>) gained 43% to $4.09 in pre-market trading after gaining 6% on Monday.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) rose 43.1% to $85.86 in pre-market trading. Regencell Bioscience shares jumped 276% on Monday after the company's 38-for-one forward stock split officially took effect.</li>
<li>Trident Digital Tech Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDTH#NASDAQ">TDTH</a>) rose 40.2% to $0.3428 in pre-market trading after gaining over 15% on Monday. Trident Digital Tech, last week, announced an initiative to raise up to $500 million to establish a corporate XRP treasury.</li>
<li>BGSF, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGSF#NYSE">BGSF</a>) climbed 39.9% to $5.65 in pre-market trading after the company agreed to sell Professional Division to INSPYR Solutions for $99 million in an all-cash deal.</li>
<li>Liminatus Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIMN#NASDAQ">LIMN</a>) surged 8.8% to $13.18 in pre-market trading after dipping 16% on Monday.</li>
<li>AIRO Group Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRO#NASDAQ">AIRO</a>) gained 8.7% to $33.69 in pre-market trading after surging 29% on Monday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) shares tumbled 27.4% to $7.00 in pre-market trading. Jefferies, last week, downgraded the stock from Hold to Underperform and lowered its price target from $6 to $5.</li>
<li>LeddarTech Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDTC#NASDAQ">LDTC</a>) shares fell 24.9% to $0.1550 in pre-market trading after the company announced intention to file under the Bankruptcy and Insolvency Act in Canada.</li>
<li>SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) dipped 21.5% to $18.79 in pre-market trading. Barclays analyst Christine Cho, last week, maintained SolarEdge Technologies with an Underweight and raised the price target from $11 to $12.</li>
<li>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) declined 16.7% to $38.28 in pre-market trading.</li>
<li>CDT Environmental Technology Investment Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDTG#NASDAQ">CDTG</a>) dipped 15.4% to $1.16 in pre-market trading.</li>
<li>Smart Powerr Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREG#NASDAQ">CREG</a>) declined 15% to $0.3060 in pre-market trading after dipping 38% on Monday.</li>
<li>Adial Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADIL#NASDAQ">ADIL</a>) fell 11.4% to $0.2880 in pre-market trading after tumbling 7% on Monday. Adial Pharmaceuticals submitted the required briefing package to the FDA for the upcoming end of Phase 2 meeting.</li>
<li>Redwire Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>) fell 10.1% to $18.48 in pre-market trading after the company announced a $200 million common stock offering.</li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) declined 10.1% to $157.00 in pre-market trading. Jefferies analyst Julien Dumoulin-Smith, last week, upgraded First Solar from Hold to Buy and raised the price target from $157 to $192.</li>
<li>Array Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) fell 9.2% to $7.23 in pre-market trading.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/45948410/5-stocks-in-the-spotlight-from-wall-streets-most-accurate-analysts-last-week-5">5 Stocks In The Spotlight From Wall Street&#8217;s Most Accurate Analysts Last Week</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

Movers

Trading Ideas

ADIL

AIRO

ARRY

BGSF

CDTG

CREG

ENPH

FSLR

LDTC

LIMN

SAFX

SEDG

SLRX

TDTH

VERV

Why Lennar Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket

Germany ZEW Current Conditions For June -72.0 Vs. -74.0 Est.; -82.0 Prior

Honeywell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>)&nbsp;and Near Earth Autonomy announced on Tuesday <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/n45966486/honeywell-and-near-earth-autonomy-complete-first-autonomous-flight-of-leonardo-aw139-helicopter" rel="noreferrer noopener">that they have</a> completed the first autonomous test flight of a Leonardo AW139 helicopter in support of the U.S. Marine Corps Aerial Logistics Connector (ALC) program.
The flight demonstrates the feasibility of uncrewed, autonomous aircraft operating in contested environments without an onboard pilot or remote operator.
The test flight on Honeywell&#8217;s AW139 took place in&nbsp;Phoenix, Arizona, in May and marks a critical step in efforts to deliver scalable, autonomous logistics support to&nbsp;the United States&nbsp;Marine Corps (USMC), the company said in a press release.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/06/45944828/southwest-airlines-to-equip-entire-boeing-737-fleet-with-honeywells-runway-safety-technology" rel="noreferrer noopener">Southwest Airlines To Equip Entire Boeing 737 Fleet With Honeywell&#8217;s Runway Safety Technology</a>
For the first time, key autopilot modes of the AW139 were controlled directly by Near Earth&#8217;s onboard autonomy software, without pilot input, showcasing precise flight control and autonomous decision-making.
Bob Buddecke, president of Electronic Solutions at Honeywell Aerospace Technologies, emphasized showcasing how existing aircraft can be adapted with trusted avionics to support the next generation of defense logistics.
The testing underscores growing geopolitical tensions, exacerbated by conflicts such as those in Russia-Ukraine and India-Pakistan and, most recently, <a target="_blank" href="https://www.benzinga.com/markets/commodities/25/06/45965846/israel-is-pounding-irans-energy-infrastructure-and-its-sending-these-oil-etfs-soaring-but-it-maybe-bad-news-at-the-gas-pump" rel="noreferrer noopener">Israel&#8217;s attacks on Iran&#8217;s energy infrastructure</a>.
The ALC program, managed under a Naval Aviation Systems Consortium Other Transaction Agreement (OTA) with Near Earth Autonomy as a prime performer, aims to develop and deploy autonomous aerial logistics systems that reduce personnel risk and increase supply operations&#8217; speed and scale.
Future testing will expand autonomy capabilities, including automated obstacle avoidance, and integrate them into military logistics workflows.
Price Action:&nbsp;HON stock was trading lower by 0.03% to $224.00 in Monday&#8217;s after-hours session.
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45953943/taiwan-semiconductor-eyes-rollout-of-2nm-advanced-tech-chips-this-year" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Eyes Rollout Of 2nm Advanced Tech Chips This Year</a></li>
</ul>
Image via Shutterstock

Government

Large Cap

Honeywell, Near Earth Autonomy Test Pilot-Free Helicopter For Faster, Safer Marine Supply

In a bid to attract&nbsp;more high-spending Millennials and Gen&nbsp;Z-ers,&nbsp;American Express&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) is set to roll out significant updates&nbsp;to its U.S. Consumer and&nbsp;Business Platinum Cards later this year.
What Happened:&nbsp;The company&#8217;s CEO,&nbsp;Steve Squeri, is eyeing a younger demographic for the company&#8217;s premium card offerings. The updates, which are the &#8220;largest investment ever in a card refresh&#8221; by the company, are expected to be implemented in late summer or early fall. 
Howard Grosfield, Group President for&nbsp;U.S. Consumer Services, revealed that the investment will be concentrated in two areas. &#8220;We&#8217;ll&nbsp;double down on all the&nbsp;things our cardmembers love now.&nbsp;And we&#8217;ll&nbsp;be adding lots of exciting&nbsp;new brands,&#8221; Grosfield said.
&nbsp;We're going to take these Cards to a new level, not only in what they offer in travel, dining and lifestyle benefits, but also in how they look and feel, to meet the evolving needs of our customers,&#8221; Grosfield elaborated.
Despite the Platinum card&#8217;s $695 annual fee, which is the highest in its class compared to Chase Sapphire&#8217;s $550, Grosfield is confident that the perceived value among Millennials and Gen Z users surpasses the cost.
SEE ALSO: <a href="https://benzinga.com/crypto/25/06/45965340/bitcoin-ethereum-dogecoin-lose-early-gains-after-trumps-immediately-evacuate-warning-amid-iran-israel-conflict-analyst-sees-great-signal-for-risk-on-app" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Lose Early Gains After Trump&#8217;s &#8216;Immediately Evacuate&#8217; Warning Amid Iran-Israel Conflict: Analyst Sees &#8216;Great&#8217; Signal For Risk-On Appetite If This Happens </a>
Why It Matters:&nbsp;Millennials and Gen Z now make up 75% of new Amex Platinum and Gold cardholders in 2024, up from 60% in 2019. Gen Z membership jumped 40% year-over-year in Q1 2025, with both groups showing stronger credit records than the industry average. 
Together, they drove 35% of U.S. consumer spending last quarter. Their growing adoption of the $695 premium card boosted Amex's net card fee revenue by 18% last year. Amex reports high loyalty among these younger users, with an overall retention rate of 98%.
The move by American Express to revamp its Platinum Cards comes amid a <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45891293/amex-still-king-of-premium-credit-cards-but-chase-capital-one-are-closing-in-fast-analyst">highly competitive</a> premium credit card market. The U.S. premium credit card market is lucrative and fiercely competitive, with companies like&nbsp;Chase&nbsp;and&nbsp;Capital One&nbsp;making significant strides.
By targeting the younger demographic, American Express is strategically positioning itself to maintain its position as the leader in the premium credit card market.
Benzinga's Edge Rankings place American Express in the 71st percentile for quality and the 85th percentile for growth, reflecting its strong performance in both areas. Check the detailed report <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>.&nbsp;
Over the past year, the stock surged 28.89%.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/topics/25/06/45950101/forget-tesla-chinas-41000-cybertruck-clone-comes-with-steer-by-wire-adaptive-chassis-and-a-wheel-that" target="_blank" rel="noreferrer noopener">Forget Tesla? China&#8217;s $41,000 Cybertruck Clone Comes With Steer-By-Wire, Adaptive Chassis, And A Wheel That Moves Side To Side</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.

Amex Just Teased Its Biggest Platinum Card Update Ever—Here's What Millennials And Gen Z Can Expect

<a href="https://www.wsj.com/politics/national-security/trump-officials-weighed-broader-china-tech-restrictions-ahead-of-trade-talks-d8b8a769" title="https://www.wsj.com/politics/national-security/trump-officials-weighed-broader-china-tech-restrictions-ahead-of-trade-talks-d8b8a769">https://www.wsj.com/politics/national-security/trump-officials-weighed-broader-china-tech-restrictions-ahead-of-trade-talks-d8b8a769</a>

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Wall Street Journal Reported Monday, Trump Administration Considered Broader Export Controls On Semiconductor Equipment Going To China In Runup To London Trade Talks

RTX's Pratt & Whitney Adds ITP Aero To GTF MRO Network For Airbus A220 And Embraer E2 Engine Maintenance

The foreign inflows in the U.S. equity funds have started &#8220;re-accelerating,&#8221; putting 2025 on the path to become the second-largest year of record inflows of $136 billion, annualized as of mid-2025.
What Happened: According to an X post by the Kobeissi Letter, since 2020, overseas investors have poured $547 billion into U.S. assets, and the foreign purchases of U.S. assets are on track to reach $138 billion in 2025.
However, out of this $138 billion, the investor interest in U.S. equity funds alone could lead to inflows of about $136 billion, the second-highest after 2024.
Such funds have garnered inflows of approximately $350 billion since the beginning of 2020. &#8220;After a brief pause, international buying of US assets is back,&#8221; the post highlighted.
<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">Foreign inflows to US assets are re-accelerating: Foreign purchases of US assets are on track to reach $138 billion in 2025, the second-largest year on record, according to Bank of America. Since 2020, overseas investors have poured $547 billion into US assets. This surge has… <a href="https://t.co/2EJK4IMPN2">pic.twitter.com/2EJK4IMPN2</a>
&mdash; The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1934697738488435194?ref_src=twsrc%5Etfw">June 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According <a href="https://www.yodelar.com/insights/top-performing-us-equity-funds-of-2025-so-far">to</a> Yodelar, the top-performing U.S. equity funds of 2025 so far include the following;
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Top U.S. Equity Funds</td>
<td>YTD</td>
<td>3 Years Annualized</td>
<td>5 Years Annualized</td>
</tr>
<tr>
<td>Alger American Asset Growth Fund</td>
<td>-0.73%</td>
<td>24.03%</td>
<td>14.10%</td>
</tr>
<tr>
<td>CT North American Equity 2 Fund</td>
<td>-2.86%</td>
<td>14.79%</td>
<td>15.24%</td>
</tr>
<tr>
<td>Fidelity Index US P Fund</td>
<td>1.66%</td>
<td>17.29%</td>
<td>14.16%</td>
</tr>
<tr>
<td>HSBC American Index C Fund</td>
<td>-6.15%</td>
<td>14.52%</td>
<td>13.77%</td>
</tr>
<tr>
<td>Invesco EQQQ NASDAQ 100 UCITS ETF</td>
<td>-7.28%</td>
<td>21.81%</td>
<td>16.97%</td>
</tr>
<tr>
<td>iShares S&amp;P 500 Industrials Sector UCITS ETF</td>
<td>0.06%</td>
<td>14.62%</td>
<td>15.34%</td>
</tr>
<tr>
<td>Schroder QEP US Core Fund</td>
<td>-5.35%</td>
<td>14.44%</td>
<td>14.33%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/markets/commodities/25/06/45948096/exxon-mobil-chevron-occidental-petroleum-in-focus-as-expert-says-us-economy-is-far-less-sensitive-to-an-oil-shock-amid-israel-iran-conflict">Exxon Mobil, Chevron, Occidental Petroleum In Focus As Expert Says &#8216;US Economy Is Far Less Sensitive To An Oil Shock&#8217; Amid Israel-Iran Conflict</a>
Why It Matters: U.S. equities took a beating in April amid the tariff-induced volatility, but the major benchmark indices have recovered to trade near their all-time highs following a blip.
While <a href="https://www.benzinga.com/markets/equities/25/06/45950097/war-shocks-could-drag-sp-500-down-5-but-market-typically-roars-back-heres-what-data-from-25-wars-70-years-shows">Israel and Iran</a>&#8216;s ongoing conflict poses a threat to the market, analysis of historical data shows that the S&amp;P 500 index drops by 5% and recovers over the next three, six, and 12 months during wars, sans recessions.
Price Action: After falling on Friday, 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, advanced on Monday. The SPY was up 0.95% at $602.68, while the QQQ advanced 1.39% to $534.29, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
The futures of the Dow Jones, S&amp;P 500, and Nasdaq 100 indices were trading lower on Tuesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45950097/war-shocks-could-drag-sp-500-down-5-but-market-typically-roars-back-heres-what-data-from-25-wars-70-years-shows">War Shocks Could Drag S&amp;P 500 Down 5% — But Market Typically Roars Back: Here&#8217;s What Data From 25 Wars, 70 Years Shows</a></li>
</ul>
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