Turning Point Brands (NYSE:TPB) 주식

TURNING POINT BRANDS INC

Turning Point Brands

Turning Point Brands Inc operates as manufacturer, marketer, provider of consumer products that include Other Tobacco Products (OTP) in the U.S. The company offers a wide variety across the OTP spectrum including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in two segments namely Zig-Zag products and Stoker's products segment. The company generates maximum revenue from the Zig-Zag products segment.

Turning Point Brands Inc

BETMAKERS TECH GRP LTD by Betmakers Technology Group Ltd.

BetMakers Technology Group Ltd

<a href="https://www.unifor.org/news/all-news/unifor-local-973-members-ratify-new-collective-agreement-coca-cola">https://www.unifor.org/news/all-news/unifor-local-973-members-ratify-new-collective-agreement-coca-cola</a>
 Unifor Local 973 members have voted in favour of a new three-year collective agreement with Coca-Cola, securing key gains in wages and pensions for 700 workers at the Brampton production facility.
The new agreement delivers annual wage increases of 4%, 4%, and 5% over the term of the contract, as well as improvements to the defined benefit pension plan, including a $2 per year increase—totaling $6 over the life of the agreement.

News

Management

Unifor Local 973 Members Approve New 3-Year Contract With Coca-Cola, Securing Wage Increases And Pension Improvements For 700 Brampton Workers

JPMorgan suggests that investors are indirectly exposed to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) through their investments in Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), with the passive ownership posing a risk to the stock.
What Happened:&nbsp;JPMorgan&#8217;s research, led by Nikolaos Panigirtzoglou, revealed that investors have poured&nbsp;as much as $50 billion&nbsp;into MicroStrategy, a company that has shifted its focus to Bitcoin,&nbsp;<a href="https://www.marketwatch.com/story/heres-how-bitcoin-is-entering-investor-portfolios-through-the-backdoor-3e1882c3?mod=bulletin_ribbon">MarketWatch</a>&nbsp;reported.
These investments are indirect, as around $14 billion worth of MicroStrategy shares are held by mutual funds or exchange-traded funds (ETFs) that track an index featuring the company. This figure could be even higher, as it excludes passive or active funds that hold MicroStrategy without it being part of their benchmark, as well as institutional investors such as Norges Bank and the Swiss National Bank, which are mandated to follow index compositions.
When these additional factors are considered, the total investment in MicroStrategy&nbsp;could be closer to $50&nbsp;billion, a significant portion of the company&#8217;s $100 billion market cap.
The heavy reliance on passive funds, which make up a fifth of the company&#8217;s ownership, poses a risk to MicroStrategy&#8217;s valuation.&nbsp;The company&#8217;s presence in equity indices exposes it to the risk of removal if it no longer meets the index criteria or if those criteria are revised in the future.
&#8220;If the bitcoin price fails to achieve sustained and strong annual appreciation in the future, preferred stock issuance and the MicroStrategy stock price could come under severe pressure,&#8221; warned JPMorgan.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/equities/25/06/45969197/mark-cuban-floats-bold-healthcare-plan-zero-premiums-to-insurance-companies-with-a-cash-pay-revo" target="_blank" rel="noreferrer noopener">Mark Cuban Floats Bold Healthcare Plan: &#8216;Zero Premiums To Insurance Companies&#8217; With A Cash-Pay Revolution</a>
Why It Matters: MicroStrategy&#8217;s aggressive Bitcoin accumulation has been a topic of concern for some time. Digital asset bank Sygnum warned that the company&#8217;s Bitcoin accumulation <a href="https://www.benzinga.com/markets/25/06/45955730/microstrategys-bitcoin-accumulation-threatens-its-reserve-asset-status-sygnum-says">could undermine</a> the asset&#8217;s potential as a reserve asset for central banks and other institutions.
Despite these concerns, MicroStrategy has continued to expand its Bitcoin holdings, recently&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45949930/strategy-acquires-1-05-billion-in-bitcoin-pushes-holdings-to-592100-btc-with-19-1-yield-in-2025">acquiring an additional</a> 10,100 Bitcoin for approximately $1.05 billion. This brought the company&#8217;s total holdings to 592,100 BTC, with a cumulative cost of $41.84 billion and a yield of 19.1% in 2025.
MicroStrategy&#8217;s CEO,&nbsp;Michael Saylor, has been a vocal advocate for Bitcoin,&nbsp;stating that he sees a <a href="https://www.benzinga.com/crypto/25/06/45990339/michael-saylors-strategy-nears-600000-bitcoin-after-1-billion-buy-funded-by-high-yield-ipo-says-td-cowen-sees-very-safe-upside">&#8216;very safe&#8217; upside</a>&nbsp;to the company&#8217;s Bitcoin strategy. However, JPMorgan&#8217;s recent findings suggest that the company&#8217;s heavy reliance on passive funds and preferred stock financing could pose a significant risk to its valuation.
Benzinga's Edge Rankings place MicroStrategy in the 95th percentile for momentum and the 3rd percentile for growth, reflecting mixed performance. Check the detailed report <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>.&nbsp;
On a year-to-date basis, MSTR stock surged 23.01%.
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<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/topics/25/06/45947347/this-is-hunger-games-people-are-quite-literally-fighting-at-chargers-heres-why-some-buyers-are-callin" target="_blank" rel="noreferrer noopener">&#8216;This Is Hunger Games. People Are Quite Literally Fighting At Chargers&#8217;—Here&#8217;s Why Some Buyers Are Calling Their EV Purchase A Huge Mistake</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.

$BTC

MSTR

Does Michael Saylor's MSTR Stock Face Valuation Risk Due to Heavy Reliance on Passive Funds? Top Analyst Thinks So: 'If The Bitcoin Price Falls…'

Updated Full-Year 2025 Guidance
&quot;Across our operations, we are seeing better than expected volumes and accelerated productivity gains in existing operations and new start-ups,&quot; added Wilson. &quot;Coupled with greater clarity on the timing of synergy benefits from the Wincanton acquisition, we are pleased to raise our full-year guidance, reflecting the resilience and visibility of our model and our diversification across geographies and verticals.&quot;
Updated full-year 2025 guidance1&nbsp;includes expected synergies of the Wincanton acquisition which remains subject to integration commencing in the third quarter:
<ul>
<li>Organic revenue growth2&nbsp;of 3.5% to 6.5% (up from 3% to 6%);</li>
<li>Adjusted EBITDA2&nbsp;of $860 million to $880 million (up from $840 million to $860 million);</li>
<li>Adjusted diluted EPS2&nbsp;of $2.43 to $2.63 (up from $2.40 to $2.60); and</li>
<li>Adjusted EBITDA to free cash flow conversion2&nbsp;of 25% to 35% (unchanged).</li>
</ul>

Guidance

GXO Raises FY25 Guidance, Now Sees Organic Growth From 3% - 6% To 3.5% - 6.5%; Adjusted EBITDA From $840M - $860M To $860M - $880M; Adjusted EPS From $2.40 - $2.60 To $2.43 - $2.63 Per Share

Americans observe Juneteenth every June 19, commemorating the day Union soldiers marched into Galveston, Texas, on June 19, 1865, and enforced the Emancipation Proclamation, more than two years after President Abraham Lincoln issued it. Their arrival effectively ended slavery in the Confederacy's most remote state.
President Lincoln's proclamation freed enslaved people in rebelling states only on paper until Union troops imposed it on the ground. As the Galveston History Foundation <a href="https://www.galvestonhistory.org/news/juneteenth-and-general-order-no-3#:~:text=After%20the%20Civil%20War%20ended,triumph%20of%20the%20human%20spirit">recounts</a>, Texas — largely untouched by Union forces — kept hundreds of thousands in bondage until Gen. Gordon Granger rode into Galveston and read General Order No. 3, instantly declaring their freedom.
Though Juneteenth wasn't a federal holiday until June 17, 2021, when President Biden <a href="https://www.benzinga.com/government/21/06/21612957/what-is-juneteenth-and-how-did-it-become-the-11th-us-federal-holiday">signed legislation</a> making it the 11th federal holiday, communities had been celebrating for over 150 years, with origins dating back to June 19, 1866, in Texas.
Early celebrations, called &#8220;Jubilee Day,&#8221; featured church gatherings, parades, picnics, and voter education. They became part of the cultural fabric across Black communities during the Great Migration, enduring even as attention shifted during the Civil Rights era.
See also: <a href="https://www.benzinga.com/markets/tech/25/06/46012959/elon-musks-neuralink-implants-brain-chip-in-6th-patient-enables-paralyzed-man-to-move-cursor-play-game-with-his-mind">Elon Musk&#8217;s Neuralink Implants Brain Chip In 6th Patient, Enables Paralyzed Man To Move Cursor, Play Game With His Mind</a>
<h3 class="wp-block-heading">Doubts About The Date</h3>
Juneteenth may spotlight the end of slavery in the United States, but slavery remained legal until Congress ratified the 13th Amendment on Dec. 18, 1865. President Lincoln's Emancipation Proclamation freed enslaved people only in the states that had seceded to form the Confederacy, and he lacked the authority to abolish slavery by executive order within Union states. Delaware and Kentucky kept slavery legal until the 13th Amendment became law.
<h3 class="wp-block-heading">Why It Still Matters</h3>
Juneteenth honors a pivotal moment in American history and signals the beginning, not the end, of the struggle for Black liberation. Communities celebrate identity, art, and economic progress with music, storytelling, educational forums, and voter drives. Decades of grassroots activists, led by Opal Lee, the "grandmother of Juneteenth" and energized by the Black Lives Matter movement, pushed Congress to designate Juneteenth a federal holiday, celebrating the resilience of Black Americans.
<h3 class="wp-block-heading">What To Know About Today's Observance</h3>
Juneteenth launches a season of reflection leading up to July 4. In 2025, June 19 falls on a Thursday, and Wall Street will <a href="https://www.benzinga.com/news/events/25/06/46010720/are-markets-open-on-juneteenth-this-year-heres-whats-open-and-whats-closed-on-june-19">close for the day</a>. U.S. stock and bond markets, banks, federal offices, schools and postal services will all pause in observance.
Image via Shutterstock
Read next: <a href="https://www.benzinga.com/news/politics/25/06/46013003/gop-budget-bill-plans-to-sell-over-2-million-acres-of-public-land-across-11-states-faces-pushback-from-lawmakers-and-conservationists">GOP Budget Bill Plans To Sell Over 2 Million Acres Of Public Land Across 11 States, Faces Pushback From Lawmakers And Conservationists</a>

Equities

Events

Markets

Juneteenth Turns 159: A Celebration Of Delayed Freedom That Only Recently Became A Federal Holiday

GXO Logistics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXO#NYSE">GXO</a>), the world's largest pure-play contract logistics provider, today announced that the UK Competition and Markets Authority (CMA) has cleared GXO's acquisition of Wincanton subject to the divestment of a small number of Wincanton grocery contracts in the UK, and that integration will be permitted with the vast majority of the Wincanton business once certain administrative conditions are met. The company also announced today that it is raising full-year guidance on organic revenue growth, adjusted EBITDA and adjusted diluted EPS.&nbsp;

GXO Receives UK CMA Clearance For Wincanton Acquisition, Subject To The Divestment Of A Small Number Of Wincanton Grocery Contracts In The UK

Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) today announced a strategic collaboration with PETRONAS Carigali Sdn. Bhd. to advance subsurface modeling and reservoir management. As part of the collaboration, PETRONAS Carigali Sdn. Bhd. will deploy Halliburton Landmark's DecisionSpace&#xAE; 365 <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.halliburton.com%2Fen%2Fproducts%2Fgeosciences-suite&amp;esheet=54277838&amp;newsitemid=20250617692813&amp;lan=en-US&amp;anchor=Geosciences+Suite&amp;index=1&amp;md5=2b13207340e3987304fa3f0fed48edc1">Geosciences Suite</a> and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.halliburton.com%2Fen%2Fproducts%2Freservoir-suite%2Funified-ensemble-modeling&amp;esheet=54277838&amp;newsitemid=20250617692813&amp;lan=en-US&amp;anchor=Unified+Ensemble+Modeling&amp;index=2&amp;md5=6616e2c4f23d83697e76c551068da8e9">Unified Ensemble Modeling</a> solutions with the objective to unify exploration and development workflows and accelerate time to first oil.
Halliburton Landmark's next-generation scalable earth modeling and ensemble workflows are a significant evolution from traditional grid-based modeling and deterministic reservoir forecasting. These technologies are intended to enable PETRONAS Carigali Sdn. Bhd. exploration and asset teams to collaborate in real time using a unified live earth model, with the aim of achieving more accurate reserve estimations through ensemble modeling.
The Geosciences Suite's scalable earth modeling maintains geological fidelity across all scales—from basin-wide views to individual fields—to ensure consistent data and models flow from exploration to development. This integrated workflow supports faster project maturation through the Front-End Loading process. Using the Unified Ensemble Modeling solution, asset teams can automate the generation of multiple probabilistic geological scenarios while integrating real-time reservoir flow data. This approach is designed to enhance forecast precision, accelerate scenario analysis, and improve confidence in decision-making.

Halliburton And PETRONAS Carigali Partner To Advance Subsurface Modeling And Reservoir Management With Landmark's DecisionSpace 365 And Ensemble Modeling Solutions

Dan Ives&#8216; new artificial intelligence exchange-traded fund (ETF) holds securities beyond the Magnificent 7 stocks, as he believes in looking past valuations for investments in the technology sector.
What Happened: The Dan IVES Wedbush AI Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVES#NYSE">IVES</a>), managed by the Wedbush analyst, started trading on June 4, earlier this month.
Ives <a href="https://www.benzinga.com/etfs/new-etfs/25/06/45774136/wedbush-launches-ai-revolution-etf-backed-by-dan-ives-proprietary-tech-picks">boasts of the fund</a> by saying that it just doesn&#8217;t have the top four, five Magnificent 7 names, but stocks which investors wouldn&#8217;t even thematically consider as an AI name today. 
"I believe the market is still massively underestimating what the growth is going to look like for the AI revolution in tech," he told CNBC.
According to him, tech trade remains significant even for the investors who missed out on its growth in the past few years.
"If you focus just on valuation, you miss every transformational tech stock of the last 20 years," Ives said.
Ives says Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) will be the &#8220;epicenter&#8221; of the AI theme, while highlighting other &#8216;AI 30&#8217; stocks which are part of his fund.
Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), SoundHound AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), and Innodata Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>) are a few notable names that are a part of his ETF&#8217;s &#8216;AI 30&#8217; basket.
Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) are the top three holdings of the IVES fund.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45993387/trumps-tariffs-trigger-layoffs-monopoly-maker-hasbro-slashes-jobs-these-companies-are-cutting-too">Trump&#8217;s Tariffs Trigger Layoffs: Monopoly Maker Hasbro Slashes Jobs — These Companies Are Cutting Too</a>
Why It Matters: The &#8216;AI 30&#8217; stocks, which are a part of the IVES ETF, hold the AI plays from multiple industries. They include hyperscalers, cybersecurity, consumer platforms, and robotics. According to Ives, the list was compiled from his deep dives into major AI players.
The ETF has $183 million in assets under management as of June 17 close. Ives said that the AI space was experiencing a "golden age."
The Dan IVES Wedbush AI Revolution ETF has risen by 2.76% since its inception. A comparable index, S&amp;P Kensho Global Artificial Intelligence Enablers, rose 6.08% on a month-to-date basis.
Meanwhile, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, declined slightly on Wednesday. The SPY was down 0.015% at $597.44, while the QQQ was 0.017% lower at $528.99, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
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Photo courtesy: Shutterstock

ETFs

AVGO

INOD

IVES

MSFT

NVDA

ORCL

PLTR

SOUN

Dan Ives Says Market Is 'Massively Underestimating' This AI Play, Urges Investors To Look Beyong Mag 7

Delta Air Lines' (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) Board of Directors yesterday declared a quarterly dividend of $0.1875 per share, an increase of 25% over previous levels. The dividend is payable to shareholders of record as of the close of business on July 31, 2025, and will be paid on August 21, 2025.&nbsp;

Dividends

Delta Air Lines Increases Quarterly Dividend From $0.15 To $0.1875 Per Share

A 30-year-old dentist sparked a fiery discussion on <a href="https://www.reddit.com/r/whitecoatinvestor/comments/1l1ixs8/i_cant_wrap_my_head_around_the_statistic_thrown/">Reddit</a> after questioning a widely shared statistic they saw on Instagram that claims one in four doctors over 60 has a <a href="https://www.benzinga.com/personal-finance/24/12/42380919/22-of-people-think-net-worth-only-applies-to-the-rich-heres-the-average-net-worth-and-how-to-calculate-yours">net worth</a> of less than $1 million.
Posting on the popular r/whitecoatinvestor subreddit, the dentist pushed back on what they called a suspiciously high figure.
<h2 class="wp-block-heading">Dentist Calls Out The Stat, Says It Doesn&#8217;t &#8216;Pass The Sniff Test&#8217;</h2>
&#8220;I saw a post on Instagram that said a quarter of doctors in their 60s still have under 1 mil net worth. That just does not pass the sniff test,&#8221; the dentist wrote. &#8220;Pretty much any MD that does a basic 401(k) match and does the classic &#8216;buy too much house&#8217; will hit 1m easily.&#8221;
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The dentist argued that even with minimal effort, a long medical career should result in substantial net worth. &#8220;Even a moron usually takes the <a href="https://www.benzinga.com/personal-finance/24/10/41637280/i-make-23-80-an-hour-and-my-employer-offers-a-15-401-k-contribution-match-is-this-a-good-deal-or">401(k) match</a>, and a moron buys too much house etc. But a moron will hit 1m if they only save 6% with the 401(k) match for 30 years.&#8221;
They went even further, pointing out how the stat doesn&#8217;t add up based on income levels alone: &#8220;Most teachers easily hit that making 1/10th a doc salary.&#8221;
Personal finance expert Dave Ramsey <a href="https://www.benzinga.com/personal-finance/25/04/45056965/dave-ramsey-says-doctors-and-lawyers-are-like-actors-notoriously-bad-with-money-just-because-you-make-a-lot-doesnt-mean-youre-winning">echoed a similar concern</a> about doctors&#8217; financial habits, comparing them to actors and musicians. &#8220;Medical doctors are about as notorious as people in the music business or the acting world for being stupid with money,&#8221; he said in a Facebook <a href="https://www.facebook.com/reel/1219648489680293">video</a>. &#8220;Only they add a level of arrogance to it because they&#8217;re so freakin smart.&#8221;
But commenters quickly filled in the gaps that the dentist might be missing.
Trending: 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;
<h2 class="wp-block-heading">Divorce, Spending And Poor Financial Choices</h2>
Commenters shared story after story about how some doctors end up with less than $1 million by retirement. The most common culprit: divorce.
&#8220;Divorce is crazy. My buddy is paying three women alimony right now. In total it&#8217;s north of 40k a month,&#8221; one person wrote. Another claimed, &#8220;I had to pay my ex 5.5M.&#8221;
Some pointed out that even highly paid doctors fall into the trap of overspending. &#8220;I had one doctor who cleared $60k a month and he was spending $70k a month and had ZERO savings,&#8221; an accountant commented.
Others mentioned delayed earnings and student debt. Many doctors start working in their 30s, which leaves less time for compounding. One commenter described an ear, nose and throat surgeon in his 50s still paying off student loans and unable to help his kid with college costs, despite over 20 years in practice.
As one person summarized the issue: &#8220;There are plenty of <a href="https://www.benzinga.com/personal-finance/24/08/40583428/you-cant-earn-your-way-out-of-stupidity-dave-ramsey-on-why-60k-earning-teachers-often-become-mil">millionaire teachers</a> and plenty of broke doctors. High-income profession doesn&#8217;t guarantee anything.&#8221;
See Also: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
<h2 class="wp-block-heading">The Dentist Still Isn&#8217;t Convinced</h2>
Despite the flood of stories, the dentist wasn't ready to back down. &#8220;I just don't see that as possible that 1/4 do that poorly,&#8221; they wrote. &#8220;Millionaire by age 60 is not a flex,&#8221; they added. &#8220;Docs need to have more like 5m to be patted on the back.&#8221;
One retired dentist chimed in with a sobering take: &#8220;Docs are the poor of the rich.&#8221;&nbsp;
For the dentist, the financial fate of most doctors should be clear-cut: &#8220;I think every single one of my classmates will hit 1m by 60 as long as they work their career till 60. Even the ones that are complete morons.&#8221;
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Image: Shutterstock

Personal Finance

30-Year-Old Dentist Doesn't Believe 25% Of 60-Year-Old Doctors Have Less Than $1M, Says 'Most Teachers Hit That Making 1/10th A Doc Salary'

Nexstar to leverage Salesforce's deeply unified platform, including Agentforce to enhance advertising sales operations
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.salesforce.com%2F&amp;esheet=54279272&amp;newsitemid=20250619693993&amp;lan=en-US&amp;anchor=Salesforce&amp;index=1&amp;md5=5bab11a57796dad1ff4e2af05a7562fe">Salesforce</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), the world's #1 AI CRM, today announced it is extending its relationship with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.nexstar.tv%2F&amp;esheet=54279272&amp;newsitemid=20250619693993&amp;lan=en-US&amp;anchor=Nexstar+Media+Group&amp;index=2&amp;md5=917a78e82d24d89880a1b22ccfa5b0ad">Nexstar Media Group</a>, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>), one of the nation's leading diversified media companies and the country's largest owner of local television stations. Salesforce also announced that Nexstar has selected <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.salesforce.com%2Fmedia%2Fcloud%2F&amp;esheet=54279272&amp;newsitemid=20250619693993&amp;lan=en-US&amp;anchor=Salesforce+Media+Cloud&amp;index=3&amp;md5=ab49b25e78264a0fef0b6d7a5d5fe834">Salesforce Media Cloud</a> to enhance and streamline its local advertising sales operations, and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.salesforce.com%2Fagentforce%2F&amp;esheet=54279272&amp;newsitemid=20250619693993&amp;lan=en-US&amp;anchor=Agentforce&amp;index=4&amp;md5=bec1d10d66e65da4bc9a82e276df13c8">Agentforce</a> to assist Nexstar in building and deploying AI agents that automate tasks, reason, decide, act, and drive outcomes 24/7 without human intervention.
As advertisers <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.statista.com%2Foutlook%2Famo%2Fmedia%2Ftv-video%2Fott-video%2Fott-video-advertising%2Fworldwide&amp;esheet=54279272&amp;newsitemid=20250619693993&amp;lan=en-US&amp;anchor=increasingly+prioritize+digital+platforms&amp;index=5&amp;md5=7dac7ec59c34c6cffe53296a2e326f40">increasingly prioritize digital platforms </a>for their reach and targeting capabilities, Nexstar turned to the Salesforce Platform to help support digital growth and transformation across its national broadcast and cable networks, more than 200 owned and/or partner local television stations, and 1,600+ advertising sales personnel. Nexstar will deploy Media Cloud to help manage day-to-day sales operations and activities, providing sellers with near real-time visibility into campaign delivery, enabling them to understand ad fulfillment and accurately forecast against committed and booked ad spending.

NXST

Nexstar Expands Partnership With Salesforce To Boost Advertising Sales Using Media Cloud And AI-Powered Agentforce Platform

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Reuters Citing Sources Familiar With Trade Talks Say European Officials Increasingly Resigned To 10% Baseline Rate On Reciprocal Tariffs In Any U.S.-EU Trade Deal

Wallbox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBX#NYSE">WBX</a>), a leading provider of electric vehicle (EV) charging and energy management solutions, has announced a collaboration with charge point operator PowerGo to accelerate the deployment of AC and DC charging infrastructure across Essendi hotels in the Netherlands. This collaboration brings together Wallbox's advanced charging technology and PowerGo's renewable energy-powered infrastructure to support the country's growing demand for sustainable mobility.
The installations will feature Wallbox's Em4, a robust AC charger designed for high-traffic environments, and Supernova, the company's high-efficiency DC fast charger. Both models are designed to support a seamless user experience, remote management, and integration with renewable energy sources, aligned with PowerGo's green charging solutions.
The collaboration has already reached key milestones, starting with Mercure Amsterdam City, where the first installation became operational. Since May, guests and visitors have been able to charge their EVs at six 22 kW AC charging points, with two 150 kW DC charging points planned to be installed once the upgraded grid connection is in place. In June, Novotel Amsterdam City also became operational, offering two 150 kW DC and six 22 kW AC charging points. These installations mark the beginning of a potential broader rollout within Essendi's hotel portfolio in the Netherlands.
Upcoming installations are expected at multiple hotel locations in the provinces of North Holland and South Holland, including the Ibis and Ibis Budget Amsterdam Airport hotels at Schiphol, as well as the Novotel in Rotterdam Brainpark.

Wallbox And PowerGo Partner To Deploy EV Charging Infrastructure Across Essendi Hotels In The Netherlands, Starting With Installations In Amsterdam And Rotterdam

<ul>
<li>Expands&nbsp;BMO's wealth management and financial planning capabilities focused on high-net-worth and ultra-high-net-worth individuals, families and institutions</li>
</ul>
TORONTO, June 19, 2025 /PRNewswire/ - BMO (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BMO#TSX">BMO</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) and Burgundy Asset Management Ltd. today announced the signing of a definitive agreement for BMO to acquire Burgundy Asset Management Ltd. Burgundy is a leading independent wealth manager, providing discretionary investment management for private clients, foundations, endowments, pensions and family offices with approximately $27 billion in assets under management, as of May 31, 2025.
The acquisition of Burgundy will be an expansion of BMO Wealth Management and strengthen BMO's offering in the Canadian Investment Counsel space catering to high-net-worth and ultra-high-net-worth clients. BMO was recently recognized for its longstanding commitment to meeting its clients' unique needs, being named <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4452782-1&amp;h=324431967&amp;u=https%3A%2F%2Fnewsroom.bmo.com%2F2025-03-28-BMO-Named-Canadas-Best-Private-Bank-for-Ultra-High-Net-Worth-Clients-and-Philanthropic-Advisory-Services-at-Euromoney-Awards%23%3A%7E%3Atext%3DTORONTO%252C%2520March%252028%252C%25202025%2520%252F%2CGlobal%2520Private%2520Banking%2520Awards%25202025.&amp;a=Canada%27s+Best+Private+Bank+for+Ultra-High-Net-Worth+clients">Canada's Best Private Bank for Ultra-High-Net-Worth clients</a>&nbsp;according to the Euromoney Private Banking Awards. The transaction is expected to close by the end of calendar 2025, subject to customary closing conditions including regulatory approvals.
BMO will acquire Burgundy for a purchase price of approximately $625 million, payable in BMO common shares, including a $125 million holdback to be paid subject to Burgundy maintaining certain assets under management 18 months post-closing. An earn-out component may also be paid in the future based on the achievement of certain growth targets.

TSX:BMO

BMO To Acquire Burgundy Asset Management For ~$625M Payable In BMO Common Shares

Aurora Cannabis Inc. (the "Company" or "Aurora") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACB#NASDAQ">ACB</a>) (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ACB#TSX">ACB</a>), a leading Canada-based global medical cannabis company, has become aware of a second instance of misinformation posted on news website, Investing.com.&nbsp;
On June 18, 2025, Aurora advised the market that an article posted on Investing.com incorrectly stated that Aurora had agreed to acquire New Zealand-based MedLeaf Therapeutics. Later in the day on June 18, 2025, a second article was posted on Investing.com that incorrectly states that Aurora has entered into a strategic partnership with MediPharm GmbH for distribution of medical cannabis in Germany and other EU markets.
The Company categorically denies both Investing.com articles.&nbsp; Aurora has not entered into any such agreements, has had no discussions with MedLeaf Therapeutics or MediPharm GmbH with respect to any business combination transaction or strategic partnership, and has not made any statements or filed any information pertaining to any such transactions.

TSX:ACB

Aurora Cannabis Denies False Reports On Investing.com On June 18, 2025 Claiming Acquisitions And Partnerships; Confirms No Agreements Have Been Made With MedLeaf Therapeutics Or MediPharm GmbH For EU Cannabis Distribution Or Business Combinations

Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.) has raised concerns about a major retirement plan provider&#8217;s intent to offer private equity and credit investments within 401(k) accounts.
What Happened: In a letter obtained <a href="https://www.axios.com/2025/06/18/elizabeth-warren-private-equity-empower-401k">by</a> Axios, Warren, the top Democrat on the Senate Banking Committee, addressed Empower's CEO, probing the company's rationale for introducing private equity into defined contribution plans.
She asked how the firm determined this move aligns with the best interests of its clients, requested details on investment allocations, and inquired about any legal advice the firm received.
Empower has not yet rolled out the program but has noted plans to include investor safeguards such as fee reductions and liquidity measures.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/46010639/elizabeth-warren-says-americans-deserve-lower-interest-rates-but-trumps-reckless-tariffs-stand-in-the-way-the-fed-is-getting-boxed-out">Elizabeth Warren Says Americans &#8216;Deserve&#8217; Lower Interest Rates, But Trump&#8217;s &#8216;Reckless&#8217; Tariffs Stand In The Way: &#8216;The Fed Is Getting Boxed Out&#8217;</a>
Why It Matters: Supporters of the shift argue it could offer everyday investors access to high-return opportunities traditionally reserved for wealthy individuals and institutions. The concept gained traction under the Trump administration as a way to democratize investment options.
However, critics like Warren argue it could jeopardize retirement savings due to private equity&#8217;s complex fee structures, limited transparency, and uneven performance record. She also highlighted emerging risks in the private credit market.
In March, reports emerged stating that <a href="https://www.benzinga.com/news/25/05/45536753/trump-eyes-retirement-overhaul-that-could-push-billions-from-401ks-into-high-stakes-private-equity-funds-report">President&nbsp;Donald Trump&nbsp;is considering a new executive order</a> that would push U.S. agencies to let private equity firms tap into the country&#8217;s huge&nbsp;<a href="https://www.benzinga.com/25/05/45298194/interested-in-the-new-super-funding-401k-opportunity-heres-how-to-know-if-you-qualify" target="_blank" rel="noreferrer noopener">401(k) savings</a>&nbsp;pool, which is worth almost $9 trillion. Private equity firms have <a href="https://www.benzinga.com/personal-finance/25/01/42955799/120-billion-flows-into-private-funds-as-private-equity-eyes-retirement-funds-in-deregulatory-push-under-trump">long pushed for regulatory changes</a> that would enable this.
Read Next: &#8216;<a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46011540/unpredictable-trade-policy-environment-sinks-ceo-sentiment-to-pandemic-era-lows-in-business-roundtable-survey">Unpredictable Trade Policy Environment&#8217; Sinks CEO Sentiment To Pandemic-Era Lows In Business Roundtable Survey</a>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: OogImages/Shutterstock

Elizabeth Warren Challenges Plan To Bring Private Equity Into 401(k)s, Citing Transparency And Fee Concerns

In a practical guide published by Ramsey Solutions, financial expert Dave Ramsey's team tells Americans what they need to know about Medicare.
What Happened: "What is Medicare and how does it work?" is a commonly asked question that reflects the anxiety many face when enrolling in Medicare. "So, why does this dang Medicare feel so confusing? Well, it was created by the government so that might be your first clue," Ramsey's <a href="https://www.ramseysolutions.com/insurance/what-is-medicare">guide</a> begins, moving onto a thorough explanation of how Medicare functions, what it covers, and when to enroll.
The Basics Explained: Medicare is a government-run health insurance program for Americans above 65 years old. It is divided into many parts:
Part A covers hospital stays, skilled nursing care, hospice, and some types of home care.
Part B includes doctor visits, outpatient care, home health services, and preventive screenings.
Part D helps cover prescription drug costs and certain vaccines.
Medicare Supplement (Medigap) plans, sold by private companies, aid with paying costs not covered by Original Medicare.
The guide explains that seniors have two main options:
Original Medicare (Parts A and B, with optional Part D and Medigap): This offers flexibility to see any provider who accepts Medicare without a referral.
Medicare Advantage (Part C): A bundled plan sold by private insurers that often includes drug coverage, but restricts applicants to network providers and may require referrals.
Ramsey also highlights the difference between Medicare, a federal health insurance for those 65 and older, covering hospital stays, doctor visits, and outpatient care regardless of income, and Medicaid, which is a need-based aid program for low-income individuals, entailing services like nursing home care and helping with Medicare costs.
See Also: <a href="https://www.benzinga.com/news/topics/25/06/45991252/america-minted-over-1000-new-millionaires-a-day-in-2024-amid-stable-dollar-over-23-sp-500-rally-report">America Minted Over 1,000 New Millionaires A Day In 2024 Amid Stable Dollar, Over 23% S&amp;P 500 Rally: Report</a>
Why It Matters: Retirees often encounter steep health care costs and complicated choices. The confusing array of options can feel like "staring at a crossword puzzle in a different language," Ramsey's guide notes. It also mentions that that most people find Original Medicare alone insufficient and need to consider supplemental coverage.
Ramsey's guide is a useful read when the topic of Medicaid is making headlines courtesy of President Donald Trump's "big, beautiful bill." The <a href="https://www.benzinga.com/25/05/45558613/house-advances-trumps-sweeping-one-big-beautiful-bill-after-key-medicaid-tax-and-border-security-changes">version of the bill which passed the House</a> contains eligibility requirements that are projected to push <a href="https://www.benzinga.com/news/politics/25/06/45716936/speaker-mike-johnson-says-4-8-million-wont-lose-medicaid-unless-they-choose-to-do-so-calls-gop-cuts-an-important-and-frankly-heroic-thing">4.8 million people outside the purview of Medicaid</a>.
On Monday, Senate Republicans presented their version of the bill, which includes policy changes pertaining to <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">semi-annual&nbsp;Medicaid eligibility redeterminations</a>.
Read Next: <a href="https://www.benzinga.com/personal-finance/management/25/06/45968492/caller-says-retired-65-year-old-dad-wants-1000-a-month-ramsey-hosts-say-dads-arent-supposed-to-do-that">Caller Says Retired 65-Year-Old Dad Wants $1,000 A Month—Ramsey Hosts Say: &#8216;Dads Aren&#8217;t Supposed To Do That&#8217;</a>
Image via Shutterstock

Dave Ramsey Asks, 'Why Does This Dang Medicare Feel So Confusing?'—Blames Government, Then Offers Seniors A Clear Path Forward

Collaboration delivered a successful solution for the most complex known protein folding problem ever executed on a quantum computer
Kipu Quantum, a leader in application and hardware-specific quantum computing solutions, and IonQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>), a leading commercial quantum computing and networking company, proudly announced a record achievement: the successful solution of the most complex known protein folding problem ever executed on a quantum computer.
This joint effort is the largest known quantum computation of its kind to-date, and demonstrates the synergy between Kipu's innovative algorithmic framework and IonQ's state-of-the-art hardware.
In their latest study, the teams solved:
<ul>
<li>The largest known protein folding problem solved and executed on quantum hardware, comprising a 3D use case of up to 12 amino acids — an industry record on its own and a promising path towards commercial use of quantum computing for drug discovery.</li>
<li>All-to-all connected spin-glass problems (QUBO) and MAX-4-SAT problems (HUBO) using up to 36 qubits, obtaining optimal solutions in all instances — an industry record for dense digital quantum computing problems executed on quantum hardware.</li>
</ul>
All instances were executed on IonQ's Forte generation systems using Kipu Quantum's flagship BF-DCQO (Bias-Field Digitized Counterdiabatic Quantum Optimization) algorithm. The results advance the frontier of near-term quantum computing and have the potential to make a large impact on biology and drug development.
BF-DCQO provides a non-variational, iterative method that is both accurate and resource-efficient. This algorithm can achieve better solutions with fewer quantum operations in each subsequent iteration. This is especially critical for protein folding, where several long-range interactions are present, making the all-to-all connectivity of IonQ's trapped ion systems an important asset.

IONQ

IonQ And Kipu Quantum Solves Complex Protein Folding Problem On Quantum Computer, Advancing Drug Discovery Potential

Orion Group Holdings, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORN#NYSE">ORN</a>) ("Orion" or the "Company"), a leading specialty construction company, today announced new Marine and Concrete awards for a total value of approximately $100 million. In addition, Orion's Chief Executive Officer and General Counsel were honored with executive leadership awards.

Contracts

Orion Group Announces ~$100M In New Marine And Concrete Awards

Electra Battery Materials Corporation (NASDAQ:<a href="https://www.benzinga.com/stock/ELBM#NASDAQ">ELBM</a>, TSXV:<a href="https://www.benzinga.com/stock/ELBM#TSXV">ELBM</a>) ("Electra" or the "Company") announces the launch of an early works program at its cobalt refinery north of Toronto, reaffirming the Company's commitment to onshoring North America's critical minerals processing and building a resilient, domestic battery materials supply chain.
The early works program encompasses targeted site-level activities designed to prepare for the restart of full-scale construction. The initiative reflects growing momentum around the project, supported by strategic funding from both the U.S. and Canadian governments. The work, budgeted at approximately C$750,000, is particularly focused on advancing the solvent extraction facility.

ELBM

Electra Battery Materials Launches Early Works Program At Cobalt Refinery North Of Toronto, Reaffirming The Co's Commitment To Onshoring North America's Critical Minerals Processing And Building A Resilient, Domestic Battery Materials Supply Chain

Today, Triumph Group, Inc. (TRIUMPH) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGI#NYSE">TGI</a>) and Divergent Technologies, Inc. (Divergent) announced a partnership to qualify multiple critical manned aircraft components manufactured with the Divergent Adaptive Production System (DAPS&#x2122;), marking a significant milestone in bringing advanced digital manufacturing technologies into production for high-performance aerospace applications.
The components, which play a critical role in flight safety, are undergoing rigorous testing and validation protocols. Each will be certified by an empowered regulatory authority for use on a high-performance aircraft, validating the growing adoption of additive manufacturing for mission-critical aerospace applications. The speed that the partnership has demonstrated in requalifying the components further highlights the strength of Divergent's capabilities to resolve supply chain constraints posed by legacy manufacturing methods such as casting.
TRIUMPH's gearbox component design, engineering, prototyping, and qualification process leveraged Divergent's fully digital toolchain, ultimately delivering first-time-right, production-fidelity structures for testing and enabling a seamless transition to production. DAPS&#x2122; is an end-to-end engineering design and manufacturing system leveraging AI-driven design, industrial-rate additive manufacturing, and universal robotic assembly to deliver structures that are faster to develop, higher performance, and lower cost than their conventionally designed and manufactured alternatives. TRIUMPH is identifying applications across multiple product lines where TGI and Divergent can partner and implement these 4th gen manufacturing processes.

Triumph Group And Divergent Technologies Partner To Qualify Critical Manned Aircraft Components Using Advanced Digital Manufacturing And Additive Production System

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Turning Point Brands to Host Q4 and Fiscal Year 2024 Conference Call

Turning Point Brands Increases Common Stock Dividend

Turning Point Brands Announces Fourth Quarter and Full Year 2024 Results

Nicokick and Northerner Named Preferred Online Partners for ALP, Expanding Access to Premium Nicotine Pouches

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ALP and Gopuff Launch First of a Kind "Instant Delivery" Partnership

Turning Point Brands Announces First Quarter 2025 Results

Turning Point Brands Declares Common Stock Dividend

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RLX Technology Inc. American Depositary Shares, each representing the right to receive one (1) Class A ordinary share

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