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Tegna

Tegna Inc is a media company with a portfolio of broadcast stations and digital sites. The firm has television stations and radio stations in approximately U.S. markets. The company owns multicast networks of True Crime Network, Twist, and Quest. Each television station also has a robust digital presence across online, mobile, connected television, and social platforms, reaching consumers on all devices and platforms used to consume news content. It generates key revenue from advertising and marketing services, subscriptions, political advertising, and other services.

Tegna Inc

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Econ #s

Economics

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Trade Balance For May -637.6B Vs. -893.0B Est.; -115.6B (Revised) Prior

Reported Earlier, Japan Exports (YoY) For May -1.7% Vs. -3.8% Est.; 2.0% Prior

Reported Earlier, Japan Adjusted Trade Balance -0.31T Vs. -0.37T Est.; -0.35T (Revised) Prior

President Donald Trump announced Tuesday he will extend the June 19 deadline for ByteDance to divest TikTok&#8216;s U.S. assets by 90 days, marking the third reprieve from a congressionally mandated ban despite mounting legal challenges.
What Happened: White House Press Secretary Karoline Leavitt confirmed Trump will sign an executive order this week extending the deadline to mid-September, reported Reuters. 
&#8220;President Trump does not want TikTok to go dark,&#8221; she said, adding the administration will use the next three months to ensure a sale closes with data security assurances for American users.
The extension comes as a proposed deal to spin off TikTok&#8217;s U.S. operations into a majority U.S.-owned entity remains stalled. 
The transaction, which would serve TikTok&#8217;s 170 million American users, was put on hold after China indicated it would not approve the divestment following Trump&#8217;s announcement of <a href="https://www.benzinga.com/news/global/25/04/44881637/president-trump-hints-at-cooling-tariff-war-with-china-says-tiktok-divestment-will-be-postponed-until-trade-issues-are-settled">steep tariffs on Chinese goods</a>.
Trump acknowledged the Chinese approval requirement Tuesday aboard Air Force One. &#8220;Probably have to get China approval but I think we&#8217;ll get it. I think President Xi will ultimately approve it,&#8221; he said when asked about the extension.
See Also: <a href="https://www.benzinga.com/markets/market-summary/25/06/45988507/trump-demands-irans-uncoditional-surrender-stock-futures-remain-steady-defense-shares-trade-higher-in-after-hours-trading">Trump Demands Iran&#8217;s &#8216;Unconditional Surrender&#8217; — Stock Futures Remain Steady, Defense Shares Trade Higher In After-Hours Trading</a>
Why It Matters: The original law required TikTok to cease operations by January 19 unless ByteDance completed divesting U.S. assets or demonstrated significant progress toward a sale. Trump <a href="https://www.benzinga.com/news/global/25/04/44881637/president-trump-hints-at-cooling-tariff-war-with-china-says-tiktok-divestment-will-be-postponed-until-trade-issues-are-settled">first extended the deadline to early April</a>, then to June 19, citing the app&#8217;s role in helping him with young voters during the 2024 election.
The ongoing tariff dispute with China, which saw duties on Chinese goods rise to 145%, has complicated negotiations as both <a href="https://www.benzinga.com/news/global/25/04/44881637/president-trump-hints-at-cooling-tariff-war-with-china-says-tiktok-divestment-will-be-postponed-until-trade-issues-are-settled">countries navigate trade tensions</a>.
In March, Trump indicated a willingness to reduce tariffs on China to <a href="https://www.benzinga.com/general/social-media/25/04/44856624/tiktoks-us-policy-chief-steps-down-as-bidding-war-heats-up-after-trump-extends-deadline-report">facilitate the ByteDance divestment deal</a>. However, the broader trade relationship remains uncertain as formal negotiations have yet to gain significant momentum.
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<li><a href="https://www.benzinga.com/news/25/06/45988075/cathie-wood-splashes-12-7-million-on-chip-giants-amd-and-taiwan-semiconductors-ark-dumps-another-45-million-worth-of-hot-circle-stock">Cathie Wood Splashes $12.7 Million On Chip Giants AMD And Taiwan Semiconductors, Ark Dumps Another $45 Million Worth Of Hot Circle Stock</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: XanderSt / Shutterstock.com

Tech

Trump Extends TikTok Divestment Deadline Again, Says 'Xi Will Ultimately Approve' The Deal Amid Stalled US Spinoff Talks

Senate Republicans have released their version of the House of Representatives' tax bill, with the $250 annual fee on EVs removed.
What Happened: The House version of the bill included the $250 fee on EVs as well as a $100 fee on Hybrids. However, Senate Republicans have chosen not to include those in their version, Politico reported <a href="https://www.eenews.net/articles/the-ev-and-hybrid-fee-is-dead-for-now/">on</a> Tuesday.
The report suggested that the Senate version killed the fee, which would've increased annually with inflation because it was "too onerous to execute."
However, the report also says that the senators could try to bring back the fee in some other form.
Why It Matters: The <a href="https://www.benzinga.com/markets/tech/25/06/45965638/amid-trumps-anti-ev-push-senate-republicans-propose-tax-bill-to-axe-7500-ev-credit">Senate had released</a> its version of the bill, which included the House-approved plan to axe the $7500 Federal EV credit offered on all EV purchases. It also axes the $4000 credit on used EVs.
This comes in as U.S. President Donald Trump recently <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45911368/trump-signs-resolutions-to-overturn-californias-ev-mandate-report">signed a resolution</a> that barred California from adopting its EV mandate, which aimed to make ICE-powered vehicles obsolete in favor of EVs and Hybrids.
Amid this, Trump also admitted that he<a href="https://www.benzinga.com/news/politics/25/06/45943245/trump-says-he-was-amazed-that-tesla-ceo-elon-musk-endorsed-him-despite-his-anti-ev-stance"> was "amazed" </a>by Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk's endorsement of his campaign despite knowing Trump's stance on EVs.
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:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45919154/trump-says-he-may-hike-auto-tariffs-again-to-boost-domestic-production-the-higher-you-go-they-build-a-plant-here">Trump Says He May Hike Auto Tariffs Again To Boost Domestic Production: &#8216;The Higher You Go&#8230;They Build A Plant Here&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Politics

TSLA

Senate Republicans Axe $250 Annual Fee On EVs, $100 Fee On Hybrids In Tax Bill Proposal: Report

Meta Platforms, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) instant messaging service, WhatsApp, is pushing back against allegations by the Iranian government that it is being used by Israel to identify and target individuals.
What Happened: On Tuesday, Iran's state-run news agency IRIB reported that authorities warned <a href="https://www.benzinga.com/24/12/42679787/hardline-iran-turning-soft-reformist-government-lifts-whatsapp-google-play-ban-promises-this-path-will-continue">citizens to stop using</a> WhatsApp, Telegram and other "location-based applications," asserting that they are tools for Israeli surveillance, <a href="https://edition.cnn.com/world/live-news/israel-iran-attacks-06-17-25-intl-hnk">reported</a> CNN.
In response, a WhatsApp spokesperson issued a statement expressing concern.
"We're concerned these false reports will be an excuse for our services to be blocked at a time when people need them the most," the spokesperson said.
The company underscored that it does not track users' precise locations and that all communications are secured.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45988600/mark-zuckerbergs-meta-dangled-100-million-signing-bonuses-to-openai-team-members-says-sam-altman-happy-none-of-our-best-people-took-them">Mark Zuckerberg&#8217;s Meta Dangled &#8216;$100 Million Signing Bonuses&#8217; To OpenAI Team Members, Says Sam Altman: Happy &#8216;None&#8217; Of Our Best People Took Them</a>
"All of the messages you send to family and friends on WhatsApp are end-to-end encrypted, meaning no one except the sender and recipient has access to those messages, not even WhatsApp," the spokesperson said.
The platform also stated that WhatsApp does not provide mass user data to any government and pointed to Meta's public transparency reports detailing rare instances of lawful information requests, the report added.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Meta&#8217;s platforms have previously faced restrictions from Iran's government during times of civil unrest.
In 2022, during widespread protests <a href="https://www.benzinga.com/news/22/11/29694537/iran-issues-first-death-sentence-amid-anti-regime-riots-un-says-stop-sentencing-peaceful-protesters">over the death of 22-year-old</a> Mahsa Amini in police custody, Meta reported that Iranian authorities had heavily restricted access to Instagram to limit the flow of protest-related information, <a href="https://www.cbsnews.com/news/meta-concerned-iran-telling-citizens-stop-using-whatsapp/">reported</a> CBS News.
Israel launched airstrikes on Friday aimed at Iranian nuclear sites, key scientists and senior military officials. In response, Iran fired dozens of ballistic missiles.
Since then, both countries have exchanged multiple rounds of missile attacks. The Israeli military reports at least 24 deaths and many injuries in Israel, while Tehran states that over 224 people have died in Iran since the strikes began, the report added.
According to the internet watchdog group NetBlocks, internet usage in Iran dropped by 75% on Tuesday amid the growing conflict.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x26a0;&#xFE0F; Confirmed: Analysis of telemetry shows a significant reduction in internet traffic in <a href="https://twitter.com/hashtag/Iran?src=hash&amp;ref_src=twsrc%5Etfw">#Iran</a>; the incident comes amid an escalating conflict with Israel and is likely to limit the public&#39;s ability to access information at a critical time &#x1f4c9; <a href="https://t.co/WOqfHTdxc0">pic.twitter.com/WOqfHTdxc0</a>
&mdash; NetBlocks (@netblocks) <a href="https://twitter.com/netblocks/status/1935012084938330209?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action: On Tuesday, Meta fell 0.70% during regular market hours and dipped another 0.38% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings reflect a sustained positive trend for META over the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">Additional performance data is available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18002545/Screenshot-2025-06-18-at-8.48.07%E2%80%AFAM-1.png" alt="" class="wp-image-953244" /></a></figure>
Photo Courtesy: BigTunaOnline on Shutterstock.com Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

Iran Says WhatsApp A Tool For Israeli Surveillance — Meta Hits Back, Calling It 'False Reports'

Cryptocurrency behemoth&nbsp;Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)&nbsp;is seeking&nbsp;the SEC&#8217;s approval to offer &#8220;tokenized equities&#8221; to its customers, according to a report on Tuesday.
What Happened: Paul Grewal, the chief legal&nbsp;officer of Coinbase, said in a Reuters interview that the concept is a &#8220;huge priority&#8221; for the company. However, he did not disclose whether an official request had been submitted&nbsp;to the SEC or when&nbsp;a potential product launch might&nbsp;occur.
&#8220;With&nbsp;a no action letter, an&nbsp;issuer of a tokenized equity&nbsp;or a platform that wishes&nbsp;to offer secondary trading in&nbsp;those equities can have some&nbsp;confidence, some comfort, that the&nbsp;SEC has adopted its view&nbsp;of why this product is&nbsp;compliant,&#8221; Grewal said.
The SEC didn&#8217;t immediately return Benzinga&#8217;s request for comment.
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/24/09/41078941/if-you-invested-100-in-shiba-inu-when-the-coin-launched-heres-how-much-youd-have-now" target="_blank" rel="noreferrer noopener">If You Invested $100 In Shiba Inu When The Coin Launched, Here&#8217;s How Much You&#8217;d Have Now </a>
This move by Coinbase comes in the wake of similar efforts by other companies. Last month, Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) <a href="https://www.benzinga.com/25/05/45537142/robinhoods-push-to-bring-wall-street-on-blockchainbrokerage-firm-submits-proposal-to-sec-to-regulate-tokenized-assets">proposed a federal framework</a> to the SEC for tokenized real-world assets. 
Currently, tokenized equities are not&nbsp;available for trading in the&nbsp;U.S., but firms&nbsp;are experimenting with the concept.&nbsp;Rival cryptocurrency exchange Kraken announced&nbsp;last month <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45571765/kraken-to-launch-247-tokenized-stock-trading-for-global-users-via-solana">that it is&nbsp;launching tokens of U.S. equities</a>,&nbsp;called xStocks, via Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), which will be&nbsp;available in select markets outside&nbsp;the U.S.
Price Action: Shares of Coinbase fell 0.35% in after-hours trading after closing 2.95% lower at $253.85 during Tursday&#8217;s regular trading session, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. 
As of this writing, COIN ranked high on growth, an indicator of a stock&#8217;s combined historical expansion in earnings and revenue across multiple periods.&nbsp;But does it perform better than Robinhood stock? Visit&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a> to find out.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="423" height="186" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18002428/image-270.png" alt="" class="wp-image-953242" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18002428/image-270.png 423w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18002428/image-270-300x132.png 300w" sizes="(max-width: 423px) 100vw, 423px" /></a></figure>
<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"></a>
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<li><a href="https://benzinga.com/crypto/cryptocurrency/25/06/45966444/donald-trump-jr-says-his-father-doesnt-touch-the-family-backed-crypto-company-despite-discl" target="_blank" rel="noreferrer noopener">Donald Trump Jr. Says His Father &#8216;Doesn&#8217;t Touch&#8217; The Family-Backed Crypto Company Despite Disclosure Of $57 Million Income</a></li>
</ul>
Photo Courtesy: Mehaniq On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

Markets

$SOL

COIN

HOOD

Coinbase Eyes SEC Nod For Blockchain-Based Stocks— Legal Head Paul Grewal Says It's A 'Huge Priority'

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) issued a rebuttal to Democratic lawmakers Monday, rejecting allegations of mass surveillance and comparing criticism to &#8220;collaboration with Nazi Germany and South Africa&#8217;s apartheid regime.&#8221;
What Happened: The data analytics company responded to a congressional letter triggered by a New York Times report claiming the Trump administration was using Palantir to compile American citizen data. 
&#8220;Palantir is not building a master database. Palantir is neither conducting nor enabling mass surveillance of American citizens,&#8221; the company stated, emphasizing its 20-year government partnership record.
Chad Wahlquist, Palantir&#8217;s Forward Deployed Architect, defended the company&#8217;s data practices on social media, highlighting the platform&#8217;s &#8220;transparent lineage&#8221; capabilities. He explained that Palantir&#8217;s software automatically captures data provenance and transformation records, creating auditable trails for every data interaction.
&#8220;Every time you build, secure, transform, combine, or action data, provenance and lineage are captured automatically,&#8221; Wahlquist wrote, comparing the process to journalism&#8217;s &#8220;5 W&#8217;s&#8221; principle.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Don't trust me&#8230;..learn to find the truth. There is a growing lack of trust in information and data. I have spent my entire career seeking truth through data, and I'd like to unpack why it matters and share a few anecdotes that make this complex topic more approachable.… <a href="https://t.co/jWqPlwv09c">https://t.co/jWqPlwv09c</a>
&mdash; Chad Wahlquist (@chadwahl) <a href="https://twitter.com/chadwahl/status/1934952550135914515?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/06/45983526/trump-wants-an-end-not-a-ceasefire-for-the-israel-iran-war-what-that-means-for-etfs">Trump Wants &#8216;An End, Not a Ceasefire&#8217; For The Israel-Iran War: What That Means For ETFs</a>
Why It Matters: The congressional inquiry follows reports that federal agencies, including Health and Human Services and the Social Security Administration, use Palantir&#8217;s Foundry platform for data analysis.
Palantir emphasized its current military support role, stating &#8220;thousands of U.S. soldiers are relying on our platforms to protect America,&#8221; while software enables &#8220;lifesaving decisions at hospitals&#8221; and the CDC&#8217;s measles outbreak response.
The company&#8217;s defense comes as shares hit new all-time highs, climbing 452% over 12 months. Recent catalysts include a $795 million Defense Department <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45955030/palantir-technologies-pltr-stock-hits-a-new-all-time-high-whats-going-on">contract and partnerships with companies</a> like Fedrigoni. 
According to&nbsp;Benzinga's Edge Stock Rankings, Palantir shows strong Short-, Medium-, and Long-Term Price Trends. Here's&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">how the stock performs across other key metrics</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="890" height="644" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17234549/image-269.png" alt="" class="wp-image-953214" style="width:414px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17234549/image-269.png 890w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17234549/image-269-300x217.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17234549/image-269-768x556.png 768w" sizes="(max-width: 890px) 100vw, 890px" /></a></figure>
Read Next: 
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: slyellow / Shutterstock.com

Equities

PLTR

Palantir Rejects Surveillance Claims After Being Compared To Nazi Collaborators, Touts PLTR's 'Transparent Lineage'

Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) self-driving taxi service, Waymo, has announced it will serve multiple new areas in California.
What Happened: The company took to social media platform X to announce the expansion of its services on Tuesday. "Starting today in SF, with new areas coming to LA later this week," Waymo said in the post.
Areas in the Bay Area include Brisbane, South SF, Millbrae, Burlingame and San Bruno, as well as Menlo Park in Silicon Valley. While in Los Angeles, the service would now be available in the Inglewood and Silverlake areas.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Ride to more places in the Bay and LA. &#x2728; Starting today in SF, with new areas coming to LA later this week. Download the Waymo One app to see our new service areas. <a href="https://t.co/delkMqkO4k">pic.twitter.com/delkMqkO4k</a>
&mdash; Waymo (@Waymo) <a href="https://twitter.com/Waymo/status/1935012059806061025?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
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Why It Matters: The expansion comes after Waymo <a href="https://www.benzinga.com/markets/tech/25/06/45853688/tesla-robotaxi-rival-waymo-suspends-services-in-downtown-la-following-vandalism-during-anti-ice-protests" target="_blank" rel="noopener">temporarily ceased operations </a>in Downtown Los Angeles following the Anti-ICE protests, which led to vandalism of the Waymo fleet, with over five autonomous taxis damaged.
Despite this, Waymo remains a key player in the U.S. Robotaxi race, having recently reached the <a href="https://www.benzinga.com/25/05/45539621/tesla-robotaxi-rival-waymo-reaches-10-million-paid-rides-milestone-as-robotaxis-step-into-the-spotlight" target="_blank" rel="noopener">10 million paid autonomous rides</a> milestone.
Elsewhere, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is gearing up to launch its own Robotaxi service in Austin on June 22 as <a href="https://www.benzinga.com/markets/tech/25/06/45966726/tesla-vehicle-production-cost-1-7-that-of-waymo-elon-musks-ev-giant-closer-to-full-autonomy-than-competition-report">Elon Musk's Cybercab ambitions</a> begin to take shape.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="189" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17232824/GOOGL-JUN-18-2025-1024x189.jpg" alt="" class="wp-image-953201" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17232824/GOOGL-JUN-18-2025-1024x189.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17232824/GOOGL-JUN-18-2025-300x55.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17232824/GOOGL-JUN-18-2025-768x142.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17232824/GOOGL-JUN-18-2025-1536x284.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17232824/GOOGL-JUN-18-2025.jpg 1558w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Alphabet scores well on Quality and Growth metrics, while offering satisfactory Value and Momentum. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45511328/ross-gerber-slams-teslas-fsd-technology-ahead-of-robotaxi-launch-maintains-bearish-views-on-elon-musks-company-after-dumping-10-stake-in-q1-2025">Ross Gerber Slams Tesla&#8217;s FSD Technology Ahead Of Robotaxi Launch, Maintains Bearish Views On Elon Musk&#8217;s EV Giant After Dumping 10% Stake in Q1</a></li>
</ul>
Photo courtesy: Sundry Photography / Shutterstock.com

GOOG

GOOGL

Tesla Robotaxi Rival Waymo Expands Services In California Amid US Autonomous Vehicle Push

Billionaire entrepreneur Elon Musk is once again raising concerns regarding the U.S. fiscal outlook, warning of dire consequences as interest on Federal debt balloons to unsustainable levels.
What Happened: On Tuesday, in a post on X, Musk warned that the United States was teetering on the edge of &#8220;de facto bankruptcy&#8221; as federal debt surpasses $37 trillion, and interest payments on this debt now accounting for 25% of all tax revenue.
Quoting a post by popular X account, Wall Street Mav, Musk says that &#8220;if this continues,&#8221; then all tax revenues will eventually go toward servicing the national debt, with &#8220;nothing left for anything else.&#8221;
See Also: <a href="https://www.benzinga.com/news/politics/25/06/45988135/bernie-sanders-slams-israels-illegal-attack-on-iran-says-absolutely-imperative-that-the-united-states-not-be-dragged-into-this-war">Bernie Sanders Slams Israel&#8217;s &#8216;Illegal&#8217; Attack On Iran, Says &#8216;Absolutely Imperative That The United States Not Be Dragged Into This War&#8217;</a>
The quoted post highlights the gravity of the situation, stating that of the $5 trillion in total U.S. Government revenue, interest payments now account for $1.2 trillion, while the government continues to spend $7 trillion annually, resulting in persistent and ever-growing deficits.
Economist Peter Schiff responded to Musk&#8217;s post, saying that the U.S. is already bankrupt, and that it&#8217;s &#8220;just a matter of time before it&#8217;s obvious to our creditors.&#8221; Schiff then warns that following this, &#8220;interest rates will skyrocket to the point&#8221; where debt servicing costs will exceed total tax revenue. 
&#8220;The Fed will unleash runaway inflation in an attempt to prevent that from happening,&#8221; Schiff said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We already are bankrupt. It&#39;s just a matter of time before it&#39;s obvious to our creditors. Then interest rates will skyrocket to the point that interest on the national debt exceeds total tax revenue. The Fed will unleash run-away inflation in an attempt to prevent that from…
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1934738331772047584?ref_src=twsrc%5Etfw">June 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: Last month, Deutsche Bank's&nbsp;Jim Reid warned that the U.S. faces &#8220;death by a thousand cuts,&#8221; and gradual erosion of confidence if <a href="https://www.benzinga.com/markets/25/05/45535837/us-faces-death-by-a-thousand-cuts-as-national-debt-tops-36-trillion-cautions-deutsche-bank-the-drip-drip-drip-of-poor-fiscal-news-building-up?utm_source=chatgpt.com">the fiscal situation</a> is not rectified. 
Musk, who until recently headed the Trump administration&#8217;s Department of Government Efficiency, or DOGE, called out the <a href="https://www.benzinga.com/news/politics/25/06/45757029/elon-musk-slams-congressional-spending-bill-as-a-disgusting-abomination">GOP&#8217;s Budget Reconciliation Bill</a>, for its tax cuts and &#8220;massive, outrageous, pork-filled&#8221; spending package, referring to it as a &#8220;disgusting abomination.&#8221;
Recently, JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon <a href="https://www.benzinga.com/markets/economic-data/25/05/45704089/jamie-dimon-warns-of-bond-market-crisis-caused-by-us-debt-binge-youre-going-to-panic">warned regulators and market participants</a> of a looming dislocation, saying that &#8220;You're going to see a crack in the bond market.&#8221;  Photo courtesy: Joshua Sukoff / Shutterstock.com
Read More: 
<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>

Elon Musk Warns US Faces 'De Facto' Bankruptcy If $37 Trillion Debt Not Tackled, Peter Schiff Says, 'We Are Already Bankrupt'

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) reportedly offered $100 million compensation <a href="https://www.benzinga.com/news/topics/25/05/45711103/metas-llama-ai-team-suffers-talent-exodus-as-top-researchers-join-2b-mistral-ai-backed-by-andreessen-horowitz-and-salesforce">packages to lure top</a> OpenAI talent but CEO Sam Altman says the company's best people are staying put because they believe more in achieving AGI.
What Happened: Speaking on a podcast with his brother, Jack Altman, which was released on Tuesday, Altman confirmed recent reports that <a href="https://www.benzinga.com/news/24/03/37928164/mark-zuckerberg-reportedly-woos-ai-talent-from-googles-deepmind-with-personal-emails-meta-ceo-offers">Meta tried to recruit</a> researchers from his company and Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google DeepMind as part of its AI talent push.
The offers, Altman said, included nine-figure compensation deals.
Also Read:&nbsp;<a href="https://www.benzinga.com/media/25/05/45680165/meta-hits-1-billion-monthly-ai-users-eyes-future-with-subscriptions" target="_blank" rel="noreferrer noopener">Meta Hits 1 Billion Monthly AI Users, Eyes Future With Subscriptions</a>
"They [Meta] started making these giant offers to a lot of people on our team," Altman said. "Like $100 million signing bonuses, more than that [compensation] per year."
"I'm really happy that, at least so far, none of our best people have decided to take them up on that," the OpenAI CEO added.
He went on to say that OpenAI staffers believe the company has a better shot at achieving artificial general intelligence (AGI) and that Meta's approach—focusing on compensation over mission—won't foster the kind of innovation necessary for success.
"We&#8217;re set up such that if we succeed at that and a lot of people on our research team believe we will or we have a good chance at it, then everybody will do great financially," Altman said.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Sam Altman &#x7C; The Future of AI" width="500" height="281" src="https://www.youtube.com/embed/mZUG0pr5hBo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It's Important: Despite offering million-dollar salaries, Meta is reportedly facing a <a href="https://www.benzinga.com/markets/tech/25/06/45899037/metas-mark-zuckerberg-is-losing-top-ai-talent-to-openai-and-anthropic-even-as-it-shells-out-millions-in-salaries-report">talent exodus from its AI division</a>, with employees increasingly moving to rivals like OpenAI and Anthropic.
According to the 2025 SignalFire State of Talent Report, the demand for AI talent is surging, and companies are struggling to retain skilled workers. Anthropic stands out with an industry-leading 80% retention rate, DeepMind retains 78% of its staff, while OpenAI and Meta lag behind at 67% and 64%, respectively.
Last week, it was announced that Meta has <a href="https://www.benzinga.com/markets/tech/25/06/45919069/meta-invests-in-scale-ai-at-29-billion-valuation-taps-ceo-alexandr-wang-to-drive-internal-ai-push-as-part-of-deepening-partnership">made a strategic minority investment</a> in Scale AI, valuing the company at over $29 billion. As part of the partnership, Scale AI&#8217;s founder Alexandr Wang will join Meta to support its AI efforts while remaining on Scale's board.
Price Action: Meta shares have gained 16.35% so far this year. On Tuesday, the stock declined 0.70% during regular trading and slipped an additional 0.38% after hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings indicate a continued upward trend for META across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">Further performance details can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17232010/Screenshot-2025-06-18-at-8.48.07%E2%80%AFAM.png" alt="" class="wp-image-953193" /></a></figure>
 Photo Courtesy: Primakov on Shutterstock.com Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Mark Zuckerberg's Meta Dangled '$100 Million Signing Bonuses' To OpenAI Team Members, Says Sam Altman: Happy 'None' Of Our Best People Took Them

U.S. stock futures remain unfazed by President Donald Trump&#8217;s calls for an &#8220;Unconditional Surrender&#8221; by Iran on Tuesday night, as tensions continued to flare in the Middle East.
Starting with the S&amp;P 500 Futures, which trades at 6,045.00, up 0.11%, followed by Nasdaq Futures at 21,986.00, up 0.14%, and Dow Jones Futures up 0.06%, trading at 42,581.00, at the time of writing this.
<figure class="wp-block-image aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="408" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17212516/Screenshot-2025-06-18-at-6.55.02-AM-1024x408.png" alt="" class="wp-image-953126" style="width:595px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17212516/Screenshot-2025-06-18-at-6.55.02-AM-1024x408.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17212516/Screenshot-2025-06-18-at-6.55.02-AM-300x119.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17212516/Screenshot-2025-06-18-at-6.55.02-AM-768x306.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17212516/Screenshot-2025-06-18-at-6.55.02-AM.png 1186w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Stock futures are largely flat despite escalating tensions between the United States and Israel versus Iran, amid Trump&#8217;s increasingly fiery rhetoric, stating that the U.S. knows exactly where Iran&#8217;s &#8220;Supreme Leader&#8221; was hiding, and adding that he was an &#8220;easy target,&#8221; in a Truth Social post on Tuesday.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/45988135/bernie-sanders-slams-israels-illegal-attack-on-iran-says-absolutely-imperative-that-the-united-states-not-be-dragged-into-this-war">Bernie Sanders Slams Israel&#8217;s &#8216;Illegal&#8217; Attack On Iran, Says &#8216;Absolutely Imperative That The United States Not Be Dragged Into This War&#8217;</a>
In a subsequent post, Trump once again did not mince words and called for an &#8220;UNCONDITIONAL SURRENDER!&#8221; by Iran. This comes just a day after he said that a cease-fire between Israel and Iran was <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">not on the table</a>, and that he was seeking &#8220;a real end&#8221; to Iran&#8217;s nuclear issue.
<figure class="wp-block-image aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="208" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17212554/Screenshot-2025-06-18-at-6.55.41-AM-1024x208.png" alt="" class="wp-image-953127" style="width:615px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17212554/Screenshot-2025-06-18-at-6.55.41-AM-1024x208.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17212554/Screenshot-2025-06-18-at-6.55.41-AM-300x61.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17212554/Screenshot-2025-06-18-at-6.55.41-AM-768x156.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17212554/Screenshot-2025-06-18-at-6.55.41-AM.png 1184w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Defense stocks and ETFs have continued to rally after hours, as tensions continued to escalate, with California-based Kratos Defense &amp; Security Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>), which provides defense engineering and communications solutions, rising 0.60% after hours.
Others, such as Israel&#8217;s Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) and RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), have rallied by 1.12%% and 0.60%, respectively, in after-hours trading.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Stock</th>
<th class="has-text-align-center" data-align="center">After-Hours</th>
<th class="has-text-align-center" data-align="center">Month-To-Date</th>
<th class="has-text-align-center" data-align="center">Year-To-Date</th>
</tr>
</thead>
<tbody>
<tr>
<td>Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>)</td>
<td class="has-text-align-center" data-align="center">+1.12%</td>
<td class="has-text-align-center" data-align="center">+10.81%</td>
<td class="has-text-align-center" data-align="center">+73.00%</td>
</tr>
<tr>
<td>Kratos Defense &amp; Security Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>)</td>
<td class="has-text-align-center" data-align="center">+0.60%</td>
<td class="has-text-align-center" data-align="center">+17.18%</td>
<td class="has-text-align-center" data-align="center">+63.87%</td>
</tr>
<tr>
<td>Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>)</td>
<td class="has-text-align-center" data-align="center">+0.60%</td>
<td class="has-text-align-center" data-align="center">+3.96%</td>
<td class="has-text-align-center" data-align="center">+7.68%</td>
</tr>
<tr>
<td>RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>)</td>
<td class="has-text-align-center" data-align="center">+0.72%</td>
<td class="has-text-align-center" data-align="center">+8.79%</td>
<td class="has-text-align-center" data-align="center">+27.99%</td>
</tr>
<tr>
<td>Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>)</td>
<td class="has-text-align-center" data-align="center">+1.06%</td>
<td class="has-text-align-center" data-align="center">-0.63%</td>
<td class="has-text-align-center" data-align="center">-0.60%</td>
</tr>
</tbody>
</table>
</figure>
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">ETF</td>
<td class="has-text-align-center" data-align="center">Month-To-Date</td>
<td class="has-text-align-center" data-align="center">Year-To-Date</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Global X Defense Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHLD#NYSE">SHLD</a>)</td>
<td class="has-text-align-center" data-align="center">+3.03%</td>
<td class="has-text-align-center" data-align="center">+57.56%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>)</td>
<td class="has-text-align-center" data-align="center">+1.54%</td>
<td class="has-text-align-center" data-align="center">+24.24%</td>
</tr>
</tbody>
</table>
</figure>
Asian markets opened higher on Wednesday, with Japan&#8217;s Benchmark Nikkei 225 up 0.71% in early morning trade, at 38,808, with companies focused on the domestic market leading the way.
Brent crude oil futures are down 0.04%, trading at 76.40 a barrel, marking a steep 19% ascent since the beginning of this month, after hitting a 52-week low of $58.4 a barrel in early May.
The&nbsp;U.S. Dollar Index&nbsp;(DXY) is holding steady at 98.724, down 0.10%, even as volatilities and geopolitical risks continue to weigh.
Investors on Wednesday will be closely watching the outcome of the FOMC meeting, followed by a press conference by Federal Reserve Chair Jerome Powell. Investors will also be keenly eyeing the Initial Jobless Claims, Housing Starts, and Building Permit reports during the day.
Photo Courtesy: Gumbariya on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/06/45983526/trump-wants-an-end-not-a-ceasefire-for-the-israel-iran-war-what-that-means-for-etfs">Trump Wants &#8216;An End, Not a Ceasefire&#8217; For The Israel-Iran War: What That Means For ETFs</a></li>
</ul>

ESLT

iShares Dow Jones US Aerospace & Defense Index Fund

KTOS

SHLD

Trump Demands Iran's 'Unconditional Surrender' — Stock Futures Remain Steady, Defense Shares Trade Higher In After-Hours Trading

Cryptocurrency bettors on Polymarket were growing confident that the U.S. would take military action against Iran as President Donald Trump demanded "unconditional surrender."
What happened: The odds for the betting contract titled "US military action against Iran before July?" jumped from 48% to 66% in the last 24 hours.
About $10.8 million has been wagered on the outcome, making it one of the hottest bets on the Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POL</a>)-based decentralized prediction market. The market would resolve to &#8220;Yes&#8221; if the U.S. initiates a military action on Iranian soil, airspace, or maritime territory, or against any Iranian embassies or consulates before June 30.
Polymarket, which is not accessible to U.S. residents, has courted controversy in the past for enabling betting on conflicts in the Middle East.&nbsp;
However, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) creator Vitalik Buterin, who invested in the platform previously, said Polymarket <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41110897/ethereum-creator-vitalik-buterin-bats-for-polymarkets-model-amid-concerns-over-betting-on-">doubles up as a credible news website </a>for viewers who are otherwise exposed to disinformation on social media.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — &#8216;Gold Used To Be That Money, BTC Is The Challenger&#8217;</a>
Why It Matters: The sharp jump in odds follows a series of posts by Trump on his Truth Social account <a href="https://truthsocial.com/@realDonaldTrump">concerning </a>the conflict.
Trump said that "we have complete and total control&#8221; over Iran's skies, sparking fears that the U.S. may launch a joint military response with Israel.&nbsp;
He threatened Iran's Supreme Leader, stating that they know his hideouts but will not eliminate him just yet. He also asked for "unconditional surrender."
Israel has been l<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">aunching strikes on Iran since Thursday of last week</a>, but the U.S. has stayed out of the conflict thus far.
Photo Courtesy: danielo on Shutterstock.com
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$ETH

$POL

US Military Action On Iran? Odds Rise On Crypto Betting Site Polymarket As Trump Demands 'Unconditional Surrender'

Airbnb Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) co-founder and CEO Brian Chesky has credited his father&#8217;s tough love—not praise—for instilling the mindset that helped him build a billion-dollar company.
What Happened: Speaking on Simon Sinek's &#8220;A Bit of Optimism&#8221; podcast, which was made public in February of this year, Chesky shared that his father never complimented his intelligence and instead rewarded effort over innate ability.
"My dad never told me I was talented or smart and he probably did me a service," Chesky said, adding, "He only rewarded effort."
"I think there's a lot of studies about the growth mindset that if you reward a child for being intrinsically good, they're going to be afraid to try because they don't want to disprove you. But if you reward effort, the only way to fail is to not give it your all."
See Also: <a href="https://www.benzinga.com/markets/equities/25/03/44135258/ross-gerber-slams-airbnb-over-customer-support-vows-to-never-use-it-again-after-palisades-fire-experience">Ross Gerber Slams Airbnb Over Customer Support, Vows To &#8216;Never Use It Again&#8217; After Palisades Fire Experience</a>
The CEO then gave the example of UCLA's legendary basketball coach John Wooden while discussing his leadership philosophy. Chesky recalled Wooden&#8217;s response when asked about the secret behind his record-setting coaching career.
According to Chesky, Wooden believed in seeing untapped potential in his players—potential they often didn't recognize in themselves. The Airbnb CEO said that he sees that same responsibility in leadership.
"I think the biggest gift a leader can give to a person is to believe in them and that can come in saying ‘you&#8217;re great,' ‘you&#8217;re wonderful,' but that can also come to say ‘I believe we can do more,'" he stated.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="The Secret Art of Micromanagement with Airbnb CEO Brian Chesky &#x7C; A Bit of Optimism Podcast" width="500" height="281" src="https://www.youtube.com/embed/6_tRZMzb94Q?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It&#8217;s Important: In 2023, Chesky also spoke about a moment when his mother bluntly responded to his entrepreneurial ambitions after he left his job.
"At that point, my mom said, ‘So I guess you don't have that job with health insurance anymore,'" Chesky told Stanford GSB students. "And I said, ‘No, mom, I'm an entrepreneur.' And she said, ‘No, you're unemployed.' That&#8217;s when I realized, when you&#8217;re starting, it&#8217;s mostly in your head."
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Brian Chesky, Co-Founder and CEO of Airbnb: Designing a 10-star Experience" width="500" height="281" src="https://www.youtube.com/embed/V6h_EDcj12k?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
According to Bloomberg's Billionaire Index, Chesky currently has a net <a href="https://www.bloomberg.com/billionaires/profiles/brian-j-chesky/">worth</a> of $10.6 billion. He co-founded Airbnb in 2008 alongside Nathan Blecharczyk and Joe Gebbia.&nbsp;
Airbnb made its <a href="https://www.benzinga.com/news/20/11/18396389/airbnb-ipo-filing-5-key-takeaways-investors-need-to-know">public market debut in 2020</a> with one of the most highly awaited IPOs in recent memory, securing a valuation of $47 billion at the time.
Previously, it was reported that in 2008, the company's founders sought $150,000 in exchange for a 10% stake and reached out to <a href="https://www.benzinga.com/top-stories/24/03/37881791/7-investors-turned-down-150k-airbnb-investment-heres-how-much-that-stake-would-be-worth-today">seven potential investors</a>. Five rejected the pitch outright, while two never responded.
Today, the company has a market cap of $84.68 billion.
According to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>, Airbnb shares have risen 1.44% year-to-date but remain 10.79% lower over the past 12 months.
Benzinga&#8217;s Edge Stock Rankings show a steady upward trajectory for ABNB across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance insights are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17201514/Screenshot-2025-06-18-at-5.42.35%E2%80%AFAM.png" alt="" class="wp-image-953107" /></a></figure>
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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<li><a href="https://www.benzinga.com/personal-finance/25/03/44065932/mark-cuban-was-asked-how-hed-invest-100k-his-answer-buy-bulk-toothpaste-and-soup-for-the-best-guaranteed-return-on-investment" target="_blank" rel="noreferrer noopener">Mark Cuban Was Asked How He'd Invest $100K — His Answer? Buy Bulk Toothpaste And Soup For The ‘Best Guaranteed Return On Investment'</a></li>
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Photo Courtesy: maxim ibragimov on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ABNB

Brian Chesky Says His Dad Never Told Him He Was 'Talented Or Smart' And That's Quite Alright, Here's Why The Airbnb CEO Thinks Only Rewarding Effort Pays Off

On Tuesday, Sen. Bernie Sanders (I-VT) urged the Donald Trump administration to steer clear of <a href="https://www.benzinga.com/markets/equities/25/06/45968020/us-stock-futures-tumble-after-trump-threatens-real-end-to-irans-nuclear-problem-avoid-getting-whipsawed-by-noise-says-expert">Israel's escalating conflict</a> with Iran, calling Israeli Prime Minister Benjamin Netanyahu's latest actions a direct threat to U.S. diplomacy and international law.
What Happened: In a video message posted on social media, Sanders sharply criticized Netanyahu for launching what he described as a unilateral and illegal <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">surprise attack on Iran</a> that killed hundreds and triggered retaliatory strikes.
The Israeli offensive, Sanders said, derailed ongoing U.S.-Iran nuclear negotiations and violated the United Nations Charter.
&#8220;Netanyahu launched an illegal and unilateral surprise attack on Iran… Israel&#8217;s attack clearly violated international law,&#8221; Sanders said. "It is absolutely imperative that the United States not be dragged into this war."
He accused Netanyahu of intentionally sabotaging a sixth round of diplomacy that was scheduled just days after Israel's strikes and of assassinating the Iranian official leading the nuclear talks.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger" target="_blank" rel="noreferrer noopener">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — ‘Gold Used To Be That Money, BTC Is The Challenger'</a>
Sanders also highlighted U.S. intelligence assessments, including testimony from Tulsi Gabbard, that Iran has not decided to build a nuclear weapon, although Trump has dismissed the assessment, stating that Iran was &#8220;very close&#8221; to developing a nuclear weapon, <a href="https://apnews.com/article/gabbard-trump-intelligence-iran-nuclear-program-51c8d85d536f8628870c110ac05bb518">reported</a> the Associated Press.
Instead of addressing the major crises, Sanders said, referring to climate change, inequality, future pandemics, the world is staring down another catastrophic war, triggered by Netanyahu's extremism.
He warned that any U.S. involvement would be unconstitutional without congressional authorization and would divert resources away from domestic priorities.
"We have Americans sleeping out on the streets… Enough is enough," he said, urging Trump to act as a "peacemaker" rather than escalate another Middle East war.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">THE AMERICAN PEOPLE MUST STAND FIRM. We must not be dragged into Netanyahu's illegal war against Iran. <a href="https://t.co/6YVdIqvcBw">pic.twitter.com/6YVdIqvcBw</a>
&mdash; Bernie Sanders (@SenSanders) <a href="https://twitter.com/SenSanders/status/1935107574895927680?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: The comments come amid reports that Trump is considering direct military action against Iran after he demanded "unconditional surrender" from Supreme Leader Ayatollah Ali Khamenei, <a href="https://www.cnbc.com/2025/06/17/trump-iran-israel-khamenei.html">reported</a> CNBC, citing current and former administration officials.
Trump, who left the G7 summit early on Monday to return to Washington, has publicly <a href="https://www.benzinga.com/news/politics/25/06/45940864/trump-threatens-iran-with-unprecedented-us-military-action-in-case-of-attack-if-we-are-attacked-in-any-way-us-armed-forces-will-come-down-on-you-at-levels-never-seen-before">threatened Tehran</a>. &#8220;We know exactly where the so-called ‘Supreme Leader' is hiding. He is an easy target, but is safe there &#8211; We are not going to take him out (kill!), at least not for now. But we don't want missiles shot at civilians, or American soldiers,&#8221; he posted on Truth Social.
Israel said that its extensive military campaign is essential to stop Iran from advancing further toward developing a nuclear weapon. The strikes have resulted in at least 224 fatalities in Iran. In response, Iran has fired around 400 missiles and deployed hundreds of drones toward Israel, leading to the deaths of 24 people so far, <a href="https://apnews.com/article/israel-iran-missile-attacks-nuclear-news-tehran-trump-06-17-2025-3f08988b5e8fd375645967b6e22916f3">according</a> to another AP report.  Photo Courtesy: Rich Koele on Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45889800/dow-jones-breaks-43000-palantir-hits-new-record-highs-whats-driving-markets-wednesday" target="_blank" rel="noreferrer noopener">Dow Jones Breaks 43,000, Palantir Hits New Record Highs: What&#8217;s Driving Markets Wednesday?</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

Bernie Sanders Slams Israel's 'Illegal' Attack On Iran, Says 'Absolutely Imperative That The United States Not Be Dragged Into This War'

Leading cryptocurrencies edged lower Tuesday amid fears of U.S. involvement in the Iran-Israel conflict.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 8:45 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-2.06%</td>
<td>$104,735.63</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.79%</td>
<td>$2,525.57</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.35%</td>
<td>$0.1698</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin steadily declined throughout the day, falling to an intraday low of $103,396.53 by afternoon.
Ethereum also gave up gains from Monday's comeback rally, tumbling below $2,500 before paring losses overnight.
Investors remained on edge amid concerns of U.S. involvement in the ongoing Iran-Israel war. In a series of Truth Social <a href="https://truthsocial.com/@realDonaldTrump">posts</a>, Trump said that "we have complete and total control" over Iran&#8217;s skies and demanded an &#8220;unconditional surrender.&#8221;&nbsp;
Over $330 million was liquidated from the cryptocurrency market in the last 24 hours, with nearly $268 million in bullish long bets wiped out. That said, about $650 million in Bitcoin shorts risked liquidation if the apex cryptocurrency rebounded to $107,000.&nbsp;
Bitcoin&#8217;s Open Interest fell 1.97% in the last 24 hours. Interestingly, more than 55% of Binance&#8217;s top traders with open BTC positions were positioned long, according to the long/short ratio.
The market sentiment flipped from "Greed" to "Neutral," according to the Crypto Fear &amp; Greed Index.
Meanwhile, in a positive development, the Senate approved a landmark bill establishing the <a href="https://www.benzinga.com/markets/cryptocurrency/25/06/45972264/senate-advances-stablecoin-bill-a-defining-moment-for-crypto-market-regulation">country&#8217;s first regulatory framework for stablecoins</a>. The bill now heads to the House for further debate.
Top Gainers (24 Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 8:45 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bitcoin SV (BSV)</td>
<td>+1.98%</td>
<td>$31.81</td>
</tr>
<tr>
<td>AB (AB) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+0.66%</td>
<td>$0.01554</td>
</tr>
<tr>
<td>Jito (JTO)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+0.08%</td>
<td>$2.19 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.25 trillion, following a dip of 1.36% in the last 24 hours.
Stocks fell as the recovery rally lost steam on Tuesday. The Dow Jones Industrial Average slid 299.29 points, or 0.70%, to close at 42,215.80. The S&amp;P 500 lost 0.84% to end at 5,982.72. The tech-heavy Nasdaq Composite declined 0.91% to close at 19,521.09.
Investors remained on edge amid concerns of U.S. involvement in the ongoing Iran-Israel war. In a series of Truth Social <a href="https://truthsocial.com/@realDonaldTrump">posts</a>, Trump said that "we have complete and total control" over Iran&#8217;s skies and demanded an &#8220;unconditional surrender.&#8221;&nbsp;
Meanwhile, the Federal Reserve is expected to hold interest rates unchanged in the current 425-450 bps range at Wednesday's meeting, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according </a>to the CME FedWatch tool.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Well-known cryptocurrency commentator Michaël van de Poppe noticed that Bitcoin swept some liquidity but bounced back soon after.
"Doesn&#8217;t say that we&#8217;ve bottomed, but it&#8217;s a great sign to be accumulating those corrections before the next BIG leg upwards happens," Van de Poppe added. "Reclaim of $106,000 is where the party happens."
<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"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> did make that sweep of the liquidity and instantly bounces back. Doesn&#39;t say that we&#39;ve bottomed, but it&#39;s a great sign to be accumulating those corrections before the next BIG leg upwards happens. Reclaim of $106,000 is where the party happens. <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a>… <a href="https://t.co/eKxtLJ6Hwo">pic.twitter.com/eKxtLJ6Hwo</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1935057401071473010?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another widely followed cryptocurrency analyst and trader, DevKhabib, stated that Ethereum's rejection will take it below the key support level at $2,380 and test the $2,200 levels.
"As long as we don&#8217;t close any weekly candles below the 5-year trendline(red diagonal line), we should be good," the analyst predicted.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> This rejection here is probably the one that will take us below the strong support at $2380 and test the $2200 levels. As long as we don&#39;t close any weekly candles below the 5 year trendline(red diagonal line) we should be good. <a href="https://t.co/rye7c3PLGv">pic.twitter.com/rye7c3PLGv</a>
&mdash; DevKhabib (@DevKhabib) <a href="https://twitter.com/DevKhabib/status/1935027737074528442?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: alfernec on Shutterstock.com
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
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Movers

Trading Ideas

$BTC

$DOGE

Bitcoin, Ethereum, Dogecoin Dip As Investors Jittery Over US Involvement In Iran-Israel Conflict : Analyst Says BTC's Reclaim Of $106,000 Is 'Where The Party Happens'

Cathie Wood-led Ark Invest made significant trades on Tuesday, focusing on Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Taiwan Semiconductor Manufacturing Co., Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), and Circle Internet Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>). These trades reflect Ark&#8217;s strategic positioning in the tech sector amidst market fluctuations.
The AMD Trade: On Tuesday, Ark Invest&#8217;s ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>) fund acquired 37,377 shares of Advanced Micro Devices. This purchase aligns with AMD&#8217;s recent market momentum, driven by speculation of a potential &#8220;GPU win&#8221; with Amazon Web Services and a <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45978843/amd-stock-is-up-10-this-week-whats-going-on">positive rating</a> from Piper Sandler. The analyst, Harsh Kumar, maintained an &#8220;Overweight&#8221; rating and increased AMD&#8217;s price target to $140, citing the company&#8217;s product launches and expected growth in AI. The shares closed at $128.10, making the trade worth approximately $4.75 million. 
The TSMC Trade: The ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>) fund purchased 36,913 shares of Taiwan Semiconductor Manufacturing on the same day. TSM shares closed at $213.90 on Tuesday. The Ark transaction was valued at $7.9 million.
TSM is <a href="https://www.benzinga.com/markets/tech/25/06/45953943/taiwan-semiconductor-eyes-rollout-of-2nm-advanced-tech-chips-this-year">advancing its 2-nanometer technology</a>, aiming for commercialization in the latter half of 2025. This move is part of TSM&#8217;s strategy to maintain its competitive edge over rivals like Samsung Electronics. The acquisition reflects Ark&#8217;s confidence in TSM&#8217;s technological advancements and market potential. 
The Circle Internet Trade: Ark Invest&#8217;s funds, including Ark Fintech Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#BATS">ARKF</a>), ARKK, and ARKW, collectively sold a substantial number of shares in Circle Internet, totaling 300,108 shares. On Tuesday, Circle Internet shares ended the day at $149.15, making the Ark Transaction on the day worth $44.8 million.
Circle, known for issuing the USDC stablecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>), has <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45955267/circle-internet-group-crcl-stock-hits-new-highs-whats-going-on">seen its stock soar</a> since its IPO on June 5, 2025. The stock&#8217;s initial pricing at $31 surged to $83.23 on its first trading day, continuing to attract investor interest. This sale could indicate a strategic reallocation of Ark&#8217;s investment portfolio. Notably, on Monday, Wood had <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/06/45964983/cathie-woods-monday-shuffle-buys-nvidia-sells-meta-ark-also-dumps-hot-circle-stock">sold $43.6 million</a> worth of Circle shares.
Other Key Trades:
<ul class="wp-block-list">
<li>eToro Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETOR#NASDAQ">ETOR</a>): ARKF purchased 35,461 shares.</li>
<li>Airbnb Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>): ARKK acquired 59,115 shares.</li>
<li>DoorDash Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NYSE">DASH</a>): ARKF and ARKW collectively bought 17,828 shares.</li>
<li>Shopify Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>): ARKW added 21,277 shares to its holdings.</li>
</ul>
Photo Courtesy: Ira Lichi On Shutterstock.com
Read Next: 
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<li><a href="https://benzinga.com/crypto/cryptocurrency/25/06/45933322/bitcoin-ethereum-xrp-dogecoin-weekend-rally-100k-lows" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Drop Further — Traders Eye Weekend Rally Before Retest Of $100K Lows</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

$USDC

ARKF

ARKK

ARKW

CRCL

DASH

ETOR

SHOP

Cathie Wood Splashes $12.7 Million On Chip Giants AMD And Taiwan Semiconductors, Ark Dumps Another $45 Million Worth Of Hot Circle Stock

Caris Life Sciences, an AI-driven precision oncology company, is targeting a $5.35 billion valuation in its U.S. initial public offering, aiming to raise up to $423.5 million.&nbsp;
The Irving, Texas-based firm, backed by investment giants Sixth Street and Neuberger Berman, has already conducted 6.5 million molecular tests across 849,000 patient cases, establishing partnerships with over 100 biopharmaceutical firms, including Moderna Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) and AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>), according to its <a href="https://www.sec.gov/Archives/edgar/data/2019410/000110465925057593/tm2415719-16_s1a.htm">prospectus</a> filed with the U.S. Securities and Exchange Commission.
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<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">with $1,000 you can invest at just $0.30/share!</a></li>
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<h2 class="wp-block-heading">Valuation Context and Financial Performance</h2>
The $5.35 billion target—based on 23.5 million shares priced between $16 and $18 each—marks a notable shift from Caris' 2021 private valuation of $7.83 billion, Reuters reported, reflecting both market recalibration and the challenges of commercializing precision medicine.&nbsp;
According to its filing, Caris generated $412.3 million in revenue in 2024—a 35% year-over-year increase—while posting a net loss of $257.1 million. In Q1 2025, the company reported $120.9 million in revenue and a narrowed net loss of $127 million, compared to $80.7 million in revenue and a $134.1 million loss during the same period in 2024, according to its filing—signaling improving margins and sustained top-line growth.
At its proposed valuation, Caris would trade at approximately 13 times sales, a premium to peers like Guardant Health (NASDAQ: GH) and Tempus AI (NASDAQ: TEM), Reuters reported.&nbsp;
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
<h2 class="wp-block-heading">Technology and Competitive Edge</h2>
According to the company's website, Caris was founded in 2008 by entrepreneur David D. Halbert, who was inspired by his father's cancer battle to develop more effective, data-driven diagnostics. Today, the company operates from its North Texas headquarters and has offices in Phoenix, New York, Cambridge, Massachusetts, Tokyo, Japan, and Basel, Switzerland, serving both U.S. and international markets.
Caris' proprietary AI platform, which integrates molecular science with machine learning, analyzes comprehensive genomic, transcriptomic, and proteomic data to guide cancer treatment. The company holds 27 issued patents along with over 170 applications pending worldwide, according to its website. Its flagship MI Cancer Seek test, cleared by the U.S. Food and Drug Administration in 2023, detects early-stage malignancies with what the company claims is unmatched accuracy, the <a href="https://www.carislifesciences.com/about/news-and-media/caris-life-sciences-receives-fda-approval-for-mi-cancer-seek/#:~:text=MI%20Cancer%20Seek%20is%20available,Halbert%2C%20DSc%20(h.c.).">company</a> said at the time.&nbsp;
<h2 class="wp-block-heading">Investor Sentiment and Sector Implications</h2>
Caris will trade on the Nasdaq under the symbol CAI The offering is led by BofA Securities, J.P. Morgan Securities LLC, Goldman Sachs &amp; Co. LLC, and Citigroup Global Markets. <a href="https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-diagnostics-market">Grand View Research</a> projects a 22.5% CAGR in the AI cancer diagnostics market through 2030, highlighting strong growth potential in this sector.
See Also: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>
Neuberger Berman has indicated it may purchase up to $75 million worth of shares in the IPO—signaling insider confidence in the company's long-term potential, according to Reuters.
<h2 class="wp-block-heading">Regulatory and Market Risks</h2>
Caris Life Sciences currently has one FDA-cleared diagnostic test, MI Cancer Seek, according to its filing.&nbsp;
Caris' pipeline includes investigational tools like FOLFIRSTai, an AI-based test for predicting chemotherapy response in metastatic colorectal cancer. While clinically validated, it remains unapproved by the FDA, according to the SEC filing, and stricter regulations could delay its commercialization.
<h2 class="wp-block-heading">Conclusion: A Litmus Test for AI Biotech</h2>
Caris's proposed IPO is drawing attention as a potential marker for the viability of AI-driven healthcare, with Reuters noting the offering comes amid renewed interest in precision diagnostics.
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Image: Shutterstock

ABBV

MRNA

AI Meets Oncology: Caris Life Sciences' $5.35B IPO Tests Investor Appetite for Precision Medicine

When a 35-year-old woman logged into her <a href="https://www.benzinga.com/personal-finance/management/25/06/45720416/6-in-10-americans-fear-social-security-will-vanish-before-they-retire-as-2033-insolvency-clock-ticks-louder">Social Security</a> account to check her earnings, she didn't expect to find a bill. But that's exactly what happened.
The Reddit user said she created an SSA.gov account at the suggestion of her financial advisor. What she found surprised her: a $5,000 overpayment notice from the Social Security Administration.&nbsp;
The problem? She says she has never received any Social Security or disability benefits.
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<h2 class="wp-block-heading">A Debt With No Memory of Payment</h2>
According to the <a href="https://www.reddit.com/r/SocialSecurity/comments/1l4aybw/overpayment_notice/">Reddit post</a>, neither she nor her husband has collected any type of Social Security benefit — including Supplemental Security Income or disability payments — and they did not receive a refund in 2024.&nbsp;
"Why are they indicating I owe them money for benefits overpaid?" she asked in the post.
Some commenters speculated that the debt might stem from benefits paid out during her childhood — possibly due to a disability or on behalf of a parent's record. The original poster mentioned having a congenital defect as a child and being on <a href="https://www.benzinga.com/news/25/06/45762246/medicaid-cuts-are-heroic-speaker-mike-johnson-says-4-8-million-wont-lose-healthcare-unless-they-choo">Medicaid</a>, but wasn't aware of any Social Security payments having been made.
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
<h2 class="wp-block-heading">Childhood Benefits Can Come Back Years Later</h2>
The SSA defines an overpayment as money paid in excess of what someone is entitled to. What many don't realize is that this debt can remain on a person's record — even if they weren't the one managing the money.
In some cases, children receive benefits through a parent's Social Security record or due to a disability. If payments were made in error — for instance, if the child moved into foster care but benefits continued to go to the original caregiver — the SSA may later attempt to recoup that money from the child, even decades later.
<a href="https://kidsvoice.org/foster-children-and-social-security-overpayments/">KidsVoice</a>, an advocacy organization for children in foster care, has documented numerous situations where this occurs. In many cases, the child never received or benefited from the funds. Still, the government considers the overpayment a valid debt.
<h2 class="wp-block-heading">What You Can Do if You Receive a Notice</h2>
Receiving an overpayment notice doesn&#8217;t always mean you&#8217;re stuck with the bill. The SSA allows individuals to file a waiver of overpayment, especially if they weren't at fault and repaying would cause financial hardship.
For those like the Reddit poster — unaware of receiving any benefits — the waiver could be a viable option. Filing a waiver involves submitting a form and, in some cases, providing documentation to prove lack of fault and inability to repay.
See Also: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
If the waiver is denied, the SSA may attempt to collect the debt by withholding future benefits, garnishing wages, or intercepting tax refunds. The agency is required to provide notice, but advocates warn that former foster youth and others may miss that communication if it's sent to a prior guardian or outdated address.
<h2 class="wp-block-heading">Final Thoughts</h2>
This situation highlights a lesser-known issue with the Social Security system: <a href="https://www.benzinga.com/personal-finance/25/05/45335763/you-could-still-lose-half-your-benefits-social-security-reduces-overpayment-withholding-rate-experts-warn-of-fallout">overpayments</a> made years earlier can surface unexpectedly in adulthood. While each case is unique, individuals facing a similar surprise should review the SSA's overpayment rules and consider filing a waiver if they believe the debt is unfair or unmanageable.
For more information, visit <a href="http://ssa.gov/">SSA.gov</a> or consult with a qualified Social Security advocate or attorney.
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Image: Shutterstock

Personal Finance

35-Year-Old Woman Shocked By $5,000 Social Security Overpayment Notice — Says She Never Received Benefits

Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) has outperformed the market over the past 10 years by 5.48% on an annualized basis producing an average annual return of 16.4%. Currently, Teledyne Technologies has a market capitalization of $22.99 billion. 
Buying $1000 In TDY: If an investor had bought $1000 of TDY stock 10 years ago, it would be worth $4,564.19 today based on a price of $490.65 for TDY at the time of writing.
<h3>Teledyne Technologies's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750203914_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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