Investcorp Credit (NASDAQ:ICMB) 주식

Investcorp Credit

Investcorp Credit Management BDC Inc is an externally managed, non-diversified closed-end management investment firm that has elected to be regulated as a business development company (BDC). Its investment objective is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held lower middle-market companies. The company principally invests in the debt of middle-market companies, which it defines as those companies that have an enterprise value.

Investcorp Credit Management BDC, Inc. - Common Stock

Investcorp Credit Management BDC Inc

Malibu Boats, the world's best-selling wakeboat brand, is thrilled to announce the continuation of its long-standing partnership with <a href="https://www.gm.com/">General Motors</a>, naming <a href="https://www.chevrolet.com/">Chevrolet</a> as the Official Vehicle Brand of Malibu Boats. This partnership reinforces Malibu Boats' commitment to excellence and innovation, extending their exclusive collaboration with <a href="https://poweredsolutions.gm.com/marine">GM Marine</a> for the vertical integration of the <a href="https://www.malibuboats.com/discover-malibu/malibu-monsoon-engines">Monsoon Line of engines</a> at the Malibu Boats Factory in Loudon, TN.

News

MBUU

Malibu Boats Extends Partnership With General Motors, Naming Chevrolet As Official Vehicle Brand And Continuing GM Marine Engine Integration

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.exxonmobil.com%2FCorporate%2Fdefault.aspx&amp;esheet=54279088&amp;newsitemid=20250618572574&amp;lan=en-US&amp;anchor=Exxon+Mobil+Corporation&amp;index=1&amp;md5=d66fd08baf0a7accfca3f32aca447a69">Exxon Mobil Corporation</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation to purchase up to 1 million shares of ExxonMobil common stock, which represents approximately 0.023 percent of the shares outstanding as of the June 9, 2025 offer date.
TRC's offer of $100 per ExxonMobil share is 4.1% below the closing price on June 6, 2025, on the New York Stock Exchange, the last trading day prior to opening of the offer. It is also more than 10% below its closing price yesterday.
ExxonMobil recommends that stockholders do not tender their shares in response to TRC's offer because the offer has a conditional market price for ExxonMobil's shares of $99.06 each and is subject to numerous other conditions. ExxonMobil is not affiliated or associated in any way with TRC, its mini-tender offer, or the offer documentation.
TRC has made similar mini-tender offers for shares of other companies. Mini-tender offers seek to acquire less than 5 percent of a company's shares outstanding, thereby avoiding many disclosure and procedural requirements of the U.S. Securities and Exchange Commission (SEC) that apply to offers for more than 5 percent of a company's shares outstanding. As a result, mini-tender offers do not provide investors with the same level of protections as provided by larger tender offers under U.S. securities laws.

Management

Exxon Mobil Receives Unsolicited Mini-Tender Offer From TRC Capital To Purchase Up To 1M Shares At $100 Each; ExxonMobil Recommends That Stockholders Do Not Tender Their Shares In Response To TRC's Offer

UL Solutions' new battery containment enclosure and micromobility charging equipment certification programs help address growing concerns and incidents around lithium-ion battery safety risks and thermal runaway events.
UL Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ULS#NYSE">ULS</a>), a global leader in applied safety science, today announced its new testing and certification program for battery containment enclosures, including the battery charging or storage cabinets that are becoming more common on city sidewalks and in apartment buildings to address growing concerns around hazards of lithium-ion batteries for e-bikes.
Safety-certified battery containment enclosures are growing in popularity for use with e-bikes and other micromobility products, and are supported by fire departments, including the Fire Department of the City of New York (FDNY), for their ability to contain fire and other hazards associated with thermal runaway. UL Solutions also launched services for micromobility charging equipment that can further help mitigate safety risks.
Battery containment enclosures often resemble cabinets and are designed with safety features to contain battery thermal runaway fires and gases. They can be used to store and charge batteries, such as e-bike or power tool batteries, and help protect people around them if a thermal runaway event or battery fire occurs despite following proper battery maintenance and usage instructions from the manufacturer.

UL Solutions Launches Certification Programs For Battery Containment Enclosures And Micromobility Charging Equipment To Enhance Lithium-Ion Battery Safety And Prevent Thermal Runaway

Reliance Global Group, Inc. (NASDAQ:<a href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) ("Reliance," "we," "us," "our" or the "Company"), today announced that it has entered into definitive agreements for the issuance and sale of an aggregate of 1,488,096 shares of its common stock (or pre-funded warrants in lieu thereof) and short-term warrants to purchase up to an aggregate of 2,976,192 shares of common stock at a purchase price of $1.68 per share (or per pre-funded warrant in lieu thereof) and accompanying short-term warrants in a private placement priced at-the-market under Nasdaq rules. The short-term warrants will be exercisable immediately upon issuance at an exercise price of $1.43 per share and will expire two years from the effective date of the Resale Registration Statement (as defined below). The offering is expected to close on or about June 20, 2025, subject to the satisfaction of customary closing conditions.&nbsp;
H.C. Wainwright &amp; Co. is acting as the exclusive placement agent for the offering.&nbsp;
The aggregate gross proceeds to the Company from the private placement is expected to be approximately $2.5 million, before deducting placement agent fees and other offering expenses payable by the Company. The potential additional gross proceeds to the Company from the short-term warrants, if fully-exercised on a cash basis, will be approximately $4.25 million. No assurance can be given that any of such short-term warrants will be exercised. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

Offerings

RELI

Reliance Global Group Announces Definitive Agreements For Issuance Of 1.49M Shares And 2.98M Short-Term Warrants At $1.68 Per Share In Private Placement, Expected To Raise $2.5M Plus Potential $4.25M From Warrant Exercises

Jury concludes J&amp;J concealed the danger of its asbestos-laced talcum powder that caused woman's cancer
A Suffolk County jury has awarded $8 million in favor of Janice Paluzzi, a Massachusetts woman who developed mesothelioma after decades of using Johnson &amp; Johnson's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) talcum powder products.
The jury found the pharmaceutical giant liable for negligence and breach of warranty, concluding that the company's asbestos-contaminated talcum powder products caused Paluzzi's terminal cancer.
During the trial, the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fdobslegal.com%2F&amp;esheet=54279382&amp;newsitemid=20250618099844&amp;lan=en-US&amp;anchor=Dean+Omar+Branham+Shirley&amp;index=1&amp;md5=d9fd59b911b8494899fa30004c35d027">Dean Omar Branham Shirley</a> legal team, which represented Ms. Paluzzi, presented extensive evidence showing that Johnson &amp; Johnson had internal knowledge of asbestos in its talc supply dating back decades yet continued to market the products as safe for daily use.
J&amp;J ceased production and sale of all products containing talc in the United States in 2020. Ms. Paluzzi, a lifelong user of the company's Baby Powder on herself and her children, was diagnosed with mesothelioma in 2021.

Legal

Johnson & Johnson Found Liable In Talc Cancer Case; Jury Awards $8M To Massachusetts Resident

Investar Holding Corporation (the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISTR#NASDAQ">ISTR</a>), the holding company of Investar Bank, National Association (the "Bank"), declared a quarterly cash dividend of $0.11 per share to holders of the Company's common stock. The dividend is payable on July 31, 2025 to shareholders of record as of June 30, 2025. This represents a 5% increase in the dividend per share compared to the prior quarter and is the 47th quarterly dividend paid by the Company, which follows an uninterrupted 11 quarterly cash dividends paid by the Bank.

Dividends

ISTR

Investar Holding Corp Increases Quarterly Cash Dividend From $0.10 To $0.11 Per Share

General Dynamics Electric Boat, a business unit of General Dynamics (NYSE:&nbsp;GD), announced today it has been awarded a $987 million contract modification to a previously awarded contract supporting submarine production. This modification is for additional Component Development, Class Lead Yard Support (CLYS), and Submarine Industrial Base (SIB) supplier development enhancements, as detailed in the U.S. Department of Defense <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4452671-1&amp;h=3622296494&amp;u=https%3A%2F%2Fwww.defense.gov%2FNews%2FContracts%2FContract%2FArticle%2F4221136%2F&amp;a=contract+award">contract award</a>.

Contracts

General Dynamics Electric Boat Secures $987M Contract Modification To Boost Submarine Production And Supplier Development

Franco-Nevada Corporation ("Franco-Nevada") (TSX:<a class="ticker" href="https://www.benzinga.com/stock/FNV#TSX">FNV</a>) (NYSE:&nbsp;FNV) provides an update regarding its arbitration proceeding related to the Cobre Panama mine. Following engagement with the Government of Panama's legal counsel, Franco-Nevada has agreed today to suspend its arbitration proceeding. Franco-Nevada had previously filed a request for arbitration under the Canada-Panama Free Trade Agreement to the International Centre for Settlement of Investment Disputes on June 27, 2024.

TSX:FNV

Franco-Nevada Suspends Arbitration Against Panama Over Cobre Panama Mine Following Government Engagement

No Shareholder Action Required at This Time
GMS Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) (the "Company"), a leading North American specialty building products distributor, confirmed that it has received an unsolicited proposal from QXO, Inc. ("QXO") to acquire all outstanding shares of GMS for $95.20 per share in cash.
Consistent with its fiduciary duties and in consultation with its independent legal and financial advisors, the GMS Board of Directors will carefully review and evaluate the unsolicited proposal to determine the course of action that it believes is in the best interests of the Company and all GMS shareholders.
GMS does not intend to comment further on QXO's unsolicited proposal until the Board has completed its review. GMS shareholders do not need to take any action at this time.

GMS Confirms Receipt Of $95.20 Per Share Unsolicited Buyout Proposal From QXO

Annovis Bio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANVS#NYSE">ANVS</a>) ("Annovis" or the "Company"), a late-stage clinical drug platform company pioneering transformative therapies for neurodegenerative diseases such as Alzheimer's disease (AD) and Parkinson's disease (PD), today announced it received notification (the "Acceptance Letter") from the New York Stock Exchange ("NYSE") that the NYSE has accepted the Company's previously-submitted plan (the "Plan") to regain compliance with the NYSE's continued listing standards relating to minimum market capitalization and stockholders' equity.
In the Acceptance Letter, the NYSE granted the Company an 18-month period from the Company's receipt of the NYSE's Notice of Noncompliance dated March 26, 2025 (the "Plan Period") to regain compliance with the continued listing standards. As part of the Plan, the Company is required to provide the NYSE quarterly updates regarding its progress towards the goals and initiatives in the Plan.
The Company expects its stock will continue to be listed on the NYSE during the Plan Period, subject to the Company adherence to the Plan and compliance with other applicable NYSE continued listing standards. The Company's receipt of such notification from the NYSE does not affect the Company's business, operations or reporting requirements with the U.S. Securities and Exchange Commission.

ANVS

Annovis Bio Announces It Received NYSE Acceptance Letter Granting The Co 18-Month Period To Maintain Listing

More than 2 million acres of public land across 11 states could go up for sale under the current version of the <a href="https://www.benzinga.com/news/politics/25/06/45967060/senate-republicans-unveil-trump-tax-and-health-plan-with-5-trillion-debt-ceiling-hike-tighter-medicaid-rules-in-the-big-beautiful-bill">Republican budget bill</a>. The proposal has drawn criticism from conservation groups, hunting organizations, local officials and some conservative leaders, too.
What Happened: Sen. Mike Lee (R-Utah), who leads the Senate Energy and Natural Resources Committee, included a provision in the draft budget bill that would authorize the sale of federal lands. According <a href="https://thehill.com/homenews/nexstar_media_wire/5358034-proposed-sale-of-millions-of-acres-of-public-land-under-gop-budget-bill-prompts-backlash/">to</a> The Hill, the proposal reflects a long-standing goal among Western conservatives to institute more local control over federal lands.
Though national parks and designated wilderness areas would be excluded, Lee said the targeted parcels are "isolated" and more suited for housing and infrastructure. "Washington has proven time and again it can't manage this land. This bill puts it in better hands," Lee argued in a video posted by his office.
Lee has faced opposition from within his party, and a similar land sale provision was already rejected in the House.
Rep. Ryan Zinke&nbsp;(R-Mont.)&nbsp;spearheaded the effort to remove the land sale provision from the House version, declaring himself a "hard no" on such proposals.
See Also: <a href="https://www.benzinga.com/markets/treasuries/25/06/46012056/peter-schiff-predicts-worse-financial-crisis-than-2008-as-fed-holds-rates-the-solution-involves-much-higher-interest-rates-as-years-of-easy-money-trigger-stagflation-and-investor-exodus">Peter Schiff Predicts &#8216;Worse Financial Crisis Than 2008&#8217; As Fed Holds Rates: &#8216;The Solution Involves Much Higher Interest Rates&#8217; As Years of Easy Money Trigger Stagflation And Investor Exodus</a>
Why It Matters: As per The Wilderness Society's estimates, over 250 million acres could be vulnerable under this policy. Michael Carroll of The Wilderness Society called the move "a betrayal of future generations." Sen. Martin Heinrich (D-NM), the Senate energy committee's ranking Democrat, warned that the outcome would be the loss of public access to cherished outdoor spaces, with negligible benefit to the housing supply.
Environmental advocate Benji Backer called the proposal a "loser issue" in a social media post, adding, "I've never seen so many conservatives AND liberals stand together as I've seen in opposition to this proposed mass sale of public lands."
A recent YouGov poll showed that 71% of Americans do not agree with such land sales, including majorities of both Trump and Harris voters.
In March, the Trump administration reportedly set up a task force to identify suitable sections from 650 million acres of federal land to develop <a href="https://www.benzinga.com/news/25/03/44376829/trump-administration-plans-to-construct-nearly-4-million-affordable-homes-on-federal-land">new housing to address the nationwide shortage.</a> In the same month, President Donald Trump also signed an executive order to expand logging on <a href="https://www.benzinga.com/news/25/03/44221143/horrific-move-to-loot-our-public-lands-trump-signs-executive-order-to-clear-cut-280m-acres-of-national-fores">280 million acres of federal land</a>, bypassing environmental safeguards and aiming to boost timber sales.
Read Next
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/03/44358022/paralyzed-man-moves-objects-with-his-mind-thanks-to-elon-musks-brain-chip">Paralyzed Man Moves Objects With His Mind—Thanks To Elon Musk's Brain Chip</a></li>
</ul>
Photo courtesy: rafapress / Shutterstock.com

Politics

GOP Budget Bill Plans To Sell Over 2 Million Acres Of Public Land Across 11 States, Faces Pushback From Lawmakers And Conservationists

Empire Co (TSX:<a class="ticker" href="https://www.benzinga.com/stock/EMP#TSX">EMP</a>) reported quarterly earnings of $0.74 per share which beat the analyst consensus estimate of $0.71 by 4.23 percent. This is a 17.46 percent increase over earnings of $0.63 per share from the same period last year. The company reported quarterly sales of $7.64 billion which missed the analyst consensus estimate of $7.66 billion by 0.30 percent. This is a 3.04 percent increase over sales of $7.41 billion the same period last year.

Earnings

TSX:EMP

TSX:EMP.A

Empire Co Q4 EPS $0.74 Beats $0.71 Estimate, Sales $7.64B Miss $7.66B Estimate

Parsons Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSN#NYSE">PSN</a>) announced today that the company was awarded a $137 million ceiling value contract by the Defense Threat Reduction Agency (DTRA) for cyber operations. The single award was issued under the Assessment, Exercise, Modeling and Simulation, and Support (AEMSS) indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract (MATOC) with a one-year base period of performance and four one-year option periods plus one six-month option period and is new work for the company. Parsons will provide specialized cyber operations capabilities including cyber assessments and subject matter experts supporting cyber operations, development, analysis, and research.

Parsons Secures $137M Ceiling Value Contract By The Defense Threat Reduction Agency For Cyber Operations

Neuralink, Elon Musk's BCI or Brain-Chip Interface company, has added a BCI implant on a sixth individual.
What Happened: "Absolutely amazing what I can do already in under a week with Neuralink!" said Rob Grenier in a post on social media platform X on Wednesday.
The post showcased Grenier playing a videogame on a computer as well as controlling the cursor on a computer screen with his thoughts through the help of the implant.
Grenier was involved in a vehicular accident in December 2022, which left him quadraplegic from the neck down.
<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">Absolutely amazing what I can do already in under a week with Neuralink! I can&#39;t thank the Neuralink team, the doctors, the surgeons and all of my family and friends support. It may only look like I&#39;m doing a couple games but it&#39;s been under a week and I&#39;m already shocked! <a href="https://t.co/5LEZzwumbx">pic.twitter.com/5LEZzwumbx</a>
&mdash; Rob Greiner (@greiner_ro52817) <a href="https://twitter.com/greiner_ro52817/status/1935141580220117225?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The news comes in as Neuralink raised over $650 million in Series E funding, with Cathie Wood's investment firm ARK Invest among the company's key investors. The company currently has a <a href="https://www.benzinga.com/general/health-care/25/05/45634160/elon-musks-neuralink-hits-9-billion-valuation-with-new-funding">valuation of $9 billion</a>.
The company also partnered with the <a href="https://www.benzinga.com/25/05/45538889/elon-musk-shares-major-neuralink-update-at-qatar-economic-forum">UAE's Cleveland Clinic</a>, where it will conduct the first human trial of its Blindsight chip in 2026. Musk had previously touted the <a href="https://www.benzinga.com/general/biotech/25/04/44892867/elon-musk-says-neuralink-will-help-blind-people-see-again-will-exceed-the-best-human-eyes">Blindsight chipset's potential</a>.
"With Neuralink interfacing directly to the visual cortex, even those who are completely blind will be able to see again," he had said.
Neuralink also used its BCI implant on a <a href="https://www.benzinga.com/25/04/45032464/man-suffering-from-als-becomes-the-first-ever-non-verbal-recipient-elon-musks-neuralink-brain-implant">man battling ALS</a>, who became the third recipient of the company's chip, as well as the first non-verbal recipient of the implant.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/03/44358022/paralyzed-man-moves-objects-with-his-mind-thanks-to-elon-musks-brain-chip">Paralyzed Man Moves Objects With His Mind—Thanks To Elon Musk's Brain Chip</a></li>
</ul>
Photo courtesy: rafapress / Shutterstock.com

Tech

Elon Musk's Neuralink Implants Brain Chip In 6th Patient, Enables Paralyzed Man To Move Cursor, Play Game With His Mind

<ul>
<li>Presentations and panel discussions to provide deeper dives into the clinical outcomes from Insulet's groundbreaking SECURE-T2D and RADIANT trials</li>
<li>Real-world evidence around glycemic outcomes from more than 23,000 people with type 2 diabetes using Omnipod 5 in the United States will also be shared</li>
<li>Booth activities include podcasts, hands-on demonstrations led by clinical experts, and immersive experiences, including a comic book featuring a new hero with type 1 diabetes</li>
</ul>
Insulet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>) (Insulet or the Company), the global leader in <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.myomnipod.com%2F&amp;esheet=54278472&amp;newsitemid=20250619043429&amp;lan=en-US&amp;anchor=tubeless+insulin+pump&amp;index=1&amp;md5=f48e637a11bb31e5c4a7e3ac755aa0d1">tubeless insulin pump</a> technology with its Omnipod&#xAE; brand of products, today announced its planned activities during the American Diabetes Association (ADA) 85th Scientific Sessions taking place June 20 – 23, 2025 at the McCormick Place Convention Center in Chicago, Illinois.

Biotech

General

PODD

Insulet To Showcase SECURE-T2D, RADIANT Clinical Trial Results And Real-World Omnipod 5 Data At ADA 2025

Venture capitalist Chamath Palihapitiya sparked debate on social media by polling followers about launching another Special Purpose Acquisition Company (SPAC), with 70.7% of 55,458 respondents voting &#8220;no&#8221; amid warnings about his troubled SPAC track record.
What Happened: The former Facebook executive&#8217;s X poll, posted Tuesday, drew immediate scrutiny through the platform&#8217;s Community Notes feature. Users added context highlighting that his COVID-era SPACs have delivered &#8220;horrible returns, often more than -70% since their peak,&#8221; according to community-contributed information.
Palihapitiya, dubbed the &#8220;SPAC King&#8221; <a href="https://www.benzinga.com/news/24/09/41038801/spac-king-chamath-palihapitiya-forecasts-how-ai-will-transform-healthcare-sector-its-not-all-roses-b">during the 2020-2021 market boom</a>, acknowledged the community feedback with characteristic bravado, posting: &#8220;This is trending in the right direction! And someone helped with disclosure! No crying in the casino!!&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is trending in the right direction! And someone helped with disclosure! No crying in the casino!!
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1935534117816602729?ref_src=twsrc%5Etfw">June 19, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
However, Palihapitiya&#8217;s SPAC empire has left investors with massive losses. According to Sigma <a href="https://sigma.world/news/aibc-forex-chamath-palihapitiyas-spac-empire-crumbles-leaving-investors-in-shambles/">reporting</a>, investors who put $100 into each of his SPACs at their December 2021 peak would face a 73% loss. 
See Also: <a href="https://www.benzinga.com/news/politics/25/06/46011509/bill-ackman-calls-for-northrops-b-2-bombers-boeings-gbu-57s-to-help-israel-finish-the-job-in-gaza-pave-way-for-trumps-nobel-peace-prize">Bill Ackman Calls For Northrop&#8217;s B-2 Bombers, Boeing&#8217;s GBU-57s To Help Israel &#8216;Finish The Job&#8217; In Gaza, Pave Way For Trump&#8217;s &#8216;Nobel Peace Prize&#8217;</a>
Why It Matters: Two of Palihapitiya&#8217;s most prominent SPACs, Clover and Akili Inc., now have enterprise values near zero, while Virgin Galactic stands at just $100 million, according to Sigma. 
His portfolio includes Virgin Galactic Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>), SoFi Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), Opendoor Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NASDAQ">OPEN</a>), and Clover Health Investments Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLOV#NASDAQ">CLOV</a>).
In September 2022, Palihapitiya closed two SPACs worth $1.6 billion after failing to find suitable acquisition targets among more than 100 companies evaluated. The closures came as rising interest rates and inflation decimated the SPAC market, forcing other notable sponsors like Bill Ackman to wind down their blank-check companies, <a href="https://www.wsj.com/articles/spac-king-chamath-palihapitiya-shuttering-two-spacs-after-failing-to-find-deals-11663674342">according</a> to The Wall Street Journal.
Despite the losses, Social Capital Holdings Inc. generated approximately $750 million in profits from SPAC transactions, according to the WSJ report. 
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/topics/25/06/46010921/palantirs-head-of-defense-says-xi-jinping-is-decoupling-from-us-warns-america-risks-losing-leverage-if-china-tech-shift-goes-unchecked" target="_blank" rel="noreferrer noopener">Palantir's Head Of Defense Says ‘Xi Jinping Is Decoupling From Us' — Warns America Risks Losing Leverage If China Tech Shift Goes Unchecked</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Kathy Hutchins on Shutterstock.com

Markets

CLOV

OPEN

SOFI

SPCE

Chamath Palihapitiya Asks If He Should Launch Another SPAC—70% Say No, Users Warn of Past Failures: 'No Crying In The Casino!'

Health insurance companies have raised concerns that tariffs could lead to higher premiums for enrollees in the individual and small group markets next year.
What Happened: Health insurers are informing states about the potential rise in premiums for individual and small group market enrollees in the coming year, <a href="https://www.axios.com/2025/06/18/tariffs-health-insurance-premium-hikes">Axios</a> reported. This is due to the tariffs imposed by the Trump administration, which are expected to raise the costs of prescription drugs, medical devices, and other medical products and services.
 According to Sabrina Corlette, a research professor at Georgetown&#8217;s Center on Health Insurance Reforms, the Trump administration&#8217;s trade policy, potential Medicaid cuts, and the expected end of enhanced subsidies for Affordable Care Act coverage are creating a &#8220;perfect storm&#8221; of factors driving up prices.
Some health insurers have explicitly attributed a portion of their planned premium increases for next year to the impact of tariffs. For example, Independent Health Benefits Corporation informed New York regulators that 3% of its projected 38.4% premium increase for individual market enrollees is directly due to tariffs. 
Likewise, UnitedHealthcare of Oregon indicated that close to 3% of its proposed 19.8% premium hike for small group enrollees stems from uncertainty related to tariffs.
SEE ALSO: <a href="https://benzinga.com/markets/tech/25/06/46009956/jack-ma-says-you-need-a-good-boss-before-30-but-once-you-turn-50-you-need-to-take-a-different-approa" target="_blank" rel="noreferrer noopener">Jack Ma Says You Need A Good Boss Before 30, But Once You Turn 50 You Need To Take A Different Approach To Life: Here&#8217;s What The Alibaba-Founder Meant</a>
Why It Matters: This development comes on the heels on Senate Republicans recently unveiling President Trump&#8217;s<a href="https://www.benzinga.com/news/politics/25/06/45967060/senate-republicans-unveil-trump-tax-and-health-plan-with-5-trillion-debt-ceiling-hike-tighter-medicaid-rules-in-the-big-beautiful-bill"> tax and health plan</a>, which includes a $5 trillion debt ceiling hike and stricter Medicaid eligibility requirements. This, coupled with the tariffs, could significantly impact the health insurance landscape in the U.S.
Notably, billionaire investor, Mark Cuban <a href="https://www.benzinga.com/markets/25/06/45992387/mark-cuban-floats-bold-healthcare-plan-zero-premiums-to-insurance-companies-with-a-cash-pay-revoluti">proposed </a>a bold healthcare plan aimed at eliminating traditional insurance premiums and introducing transparent pricing. Cuban&#8217;s proposal, made amid growing frustration with insurance clawbacks and escalating costs, could potentially revolutionize the U.S. healthcare system
Insurers must submit their proposed 2026 ACA marketplace plan rates to federal regulators by July 16, with the rates set to be published by August 1. This will offer greater insight into how much concern tariffs are causing among health insurers. 
On a year-to-date basis, iShares US Healthcare ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYH#NYSE">IYH</a>) declined 4.77% and Healthcare Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) fell 3.18%.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/news/health-care/25/06/45954557/ozempic-patent-expires-in-canada-after-novo-nordisk-fails-to-pay-450-fee-its-the-second-largest-semaglutide-market-in-the-world-says-sandoz-ceo-richard-saynor" target="_blank" rel="noreferrer noopener">Ozempic Patent Expires In Canada After Novo Nordisk Fails To Pay $450 Fee: &#8216;It&#8217;s The Second-Largest Semaglutide Market In The World,&#8217; Says Sandoz CEO Richard Saynor (UPDATED) &#8211; Sandoz Group (OTC:SDZNY</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.

iShares Trust Dow Jones US Healthcare Sector Index Fund

Brace For Higher Healthcare Premiums In 2026 As Insurers Blame Trump's Tariffs In Filings To Regulators: Report

Cheetah Mobile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMCM#NYSE">CMCM</a>) reported quarterly losses of $(0.11) per share. This is a 65.71 percent increase over losses of $(0.32) per share from the same period last year. The company reported $35.69 million in sales this quarter. This is a 35.43 percent increase over sales of $26.35 million the same period last year.

CMCM

Cheetah Mobile Q1 EPS $(0.11) Up From $(0.32) YoY, Sales $35.69M Up From $26.35M YoY

Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) has recalled more than 197,000 vehicles in the latest recall over an issue affecting the backseat occupants, where they may remain locked inside the vehicle.
What Happened: The recall affects over 197,432 Ford Mustang Mach-E models from 2021-2025, where in the event of a low battery charge, the electronic rear doors may remain locked once the driver or front passenger exits the vehicle, an NHTSA filing showed on Tuesday.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="499" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19045910/FORD-NHTSA-Recall-1024x499.jpg" alt="" class="wp-image-954944" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19045910/FORD-NHTSA-Recall-1024x499.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19045910/FORD-NHTSA-Recall-300x146.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19045910/FORD-NHTSA-Recall-768x374.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19045910/FORD-NHTSA-Recall-1536x748.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19045910/FORD-NHTSA-Recall-2048x998.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: NHTSA
"Dealers will update the Powertrain Control Module (PCM) and the Secondary On-Board Diagnostic Control Module C (SOBDMC) software, free of charge," the agency said in its report.
Why It Matters: The news comes as Ford had issued a separate, large-scale recall, which affected over <a href="https://www.benzinga.com/news/25/05/45643704/ford-recalls-11-million-vehicles-for-camera-software-issue-report">1.1 million vehicles </a>over a camera software issue with models like the Bronco, Ford F-150, the Edge, as well as the Mustang Mach-E, among other models.
The company also recently issued a recall for the <a href="https://www.benzinga.com/markets/tech/25/06/45739688/ford-recalls-over-29500-f-150-lightning-pickup-trucks-over-suspension-defect">F-150 Lightning </a>EV Pickup truck over a suspension defect affecting over 29,500 vehicles. "The front upper control arm ball joint nut may not have been tightened properly, allowing the front upper control arm to detach from the knuckle assembly,&#8221; the NHTSA said in a statement about the recall.&nbsp;
Elsewhere, the company's executive chair, Bill Ford, <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45732185/whats-going-on-with-ford-stock-monday-2">had expressed concerns</a> about the tax proposal from House Republicans, which aims to axe the $7500 federal EV credit.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link</a>.&nbsp;
Read Next
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/45988847/senate-republicans-axe-250-annual-fee-on-evs-100-fee-on-hybrids-in-tax-bill-proposal-report">Senate Republicans Axe $250 Annual Fee On EVs, $100 Fee On Hybrids In Tax Bill Proposal: Report</a></li>
</ul>
Photo courtesy: Tada Images / Shutterstock.com

Ford Recalls Over 197,000 Vehicles For Backseat Issue That Could 'Trap' Occupants In Emergency Situations

Galaxy Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLXY#NASDAQ">GLXY</a>) shares climbed in after-hours trading Wednesday, seemingly fueled by optimism about its expansion into high-performance computing.
What happened: The digital asset and AI infrastructure company announced a 29 million share offering last month to<a href="https://www.benzinga.com/25/05/45643594/galaxy-digital-stock-is-moving-lower-wednesday-whats-going-on"> fund the continued expansion</a> of high-performance computing infrastructure at its Helios data center campus in West Texas.
Before this, Galaxy entered into a new agreement with AI cloud-computing provider CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), committing to an additional 260 megawatts at the Helios data center.
The company was also taking strides in its core cryptocurrency business. It announced a partnership with the staking protocol Liquid Collective to help drive the institutional adoption of liquid staking.
<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">Galaxy and <a href="https://twitter.com/liquid_col?ref_src=twsrc%5Etfw">@liquid_col</a> are partnering to help shape the future of institutional staking—secure, liquid, and built to scale. Galaxy will provide OTC support and collateral access for LsETH, join as an Ethereum Node Operator on Liquid Collective, and collaborate on ecosystem… <a href="https://t.co/xAV4lj4UVX">https://t.co/xAV4lj4UVX</a>
&mdash; Galaxy (@galaxyhq) <a href="https://twitter.com/galaxyhq/status/1935431468425330898?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Galaxy has traded on the Toronto Stock Exchange and OTC markets since 2020, but the company made its debut on Nasdaq last month. The company was founded by billionaire Mike Novogratz and is <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45502797/galaxy-digital-stock-is-surging-monday-whats-going-on">reportedly in talks</a> with regulators regarding the tokenization of the company&#8217;s stock.
Price Action:&nbsp; Shares of Galaxy were up 6.72% in after-hours trading after closing 2.97% higher at $19.04 during Wednesday's regular trading session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;Since its launch, the stock has tumbled 19%.
Meanwhile, CoreWeave shares dipped 0.29% after-hours following a decline of 1.12% in the regular session.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45988475/us-military-action-on-iran-odds-rise-on-crypto-betting-site-polymarket-as-trump-demands-unconditional-surrender">US Military Action On Iran? Odds Rise On Crypto Betting Site Polymarket As Trump Demands &#8216;Unconditional Surrender&#8217;</a></li>
</ul>
Image Via Shutterstock

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

Comments

Investcorp Credit

뉴스

파트너 / 기고자

벤징가 글로벌