Soybean (ZS)

Zscaler Option Alert: Jun 13 $270 Calls Sweep (21) near the Bid: 168 vs 999 OI

Zscaler Option Alert: Jun 13 $270 Calls Sweep (21) near the Bid: 168 @ $31.717 vs 999 OI; Ref=$301.6536

Zscaler (NASDAQ:ZS) 주식

ZSCALER INC

Zscaler

Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler's offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.

Endpoint,Security,-,Endpoint,Protection,Concept,-,Multiple,Devices,Secured

Sector ETFs

ETFs

AVGO

CIBR

CRWD

CSCO

FTNT

HACK

OKTA

PANW

아침에 커피를 사러 가는 길에 휴대폰이 갑자기 멈추는 것은 단순한 기술적 결함이 아니라 새로운 시대의 사이버 도둑질의 경고 신호일 수 있다. 개인 투자자들이 이러한 사이버 혼란을 활용하려는 경우, 사이버보안 ETF는 디지털 방어 열풍에 참여하는 유용하고 효과적인 수단을 제공할 것이다.

앞으로 상승할 수 있는 사이버보안 ETF 3가지

Binary,Options,Chart

Pre-Market Outlook

Markets

AMZN

COST

DELL

MRVL

NVDA

SHOP

도널드 트럼프 대통령이 4월 초에 부과한 &#39;해방의 날&#39; 관세에 대해 미국 연방법원이 권한을 남용했다고 판결한 후 수요일(28일) 저녁 미국 지수 선물이 상승세를 보이고 있다. 판결 이후 S&amp;P 500 선물은 1.50% 상승한 5,991.25포인트, 나스닥 선물은 1.85% 오른 21,775.75포인트, 다우 선물은 1.10% 급등하며 400포인트 이상 상승한 42,635.00포인트에 거래되고 있다.

다우 선물 400p 이상 상승, 트럼프 관세 제동 후 시간외 거래에서 아마존·월마트 급등세···일본 증시도 상승 개장

Analysis,Finance,Grow,Graph,And,Market,Investment.,Financial,Business,Plan,earnings,sale

Tech

Trading Ideas

AAPL

CHKP

CYBR

MSFT

ORCL

PLTR

TSLA

한 유명 애널리스트에 따르면 미국과 중국이 관세 인하에 합의하는 경우 기술주 주가가 최고치를 경신할 수 있다.무슨 일 있었나: 미국은 중국에서 수입하는 상품에 대한 관세를 145%에서 30%로 낮추고, 중국은 미국산 상품에 대한 관세를 125%에서 10%로 낮추기로 합의했다. 이 두 가재 조치 모두 90일 동안 한시적으로 시행된다.

중국 관세 완화의 가장 큰 수혜자는 테슬라와 애플···댄 아이브스 &#34;2025년 기술주 신고점 달성 가능&#34;

Zscaler Inc

USCF ETF Trust USCF Sustainable Battery Metals Strategy Fund

USCF ETF Trust USCF Sustainable Commodity Strategy Fund

Innovator Equity Defined Protection ETF - 1 Yr September

ZHONGSHENG GP HL UNSP/ADR by Zhongsheng Group Holdings Ltd

Zhongsheng Group Holdings Ltd

ZENSHO HLDGS CO LTD by ZENSHO HLDGS CO LTD

Zensho Holdings Co Ltd

ProShares UltraShort Silver

ZSPACE Inc

ZSTAR ENTERPRISES INC by ZST Digital Networks, Inc.

ZST Digital Networks Inc

Smart Closet Inc

&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4457286-1&amp;h=3440101448&amp;u=https%3A%2F%2Fquarterra.com%2F&amp;a=Quarterra+Group">Quarterra Group</a>, a subsidiary of Lennar Corporation and a&nbsp;real estate investment and development firm, today announced the start of leasing at <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4457286-1&amp;h=4191418327&amp;u=https%3A%2F%2Fliveartemas.com%2F%3Futm_source%3Dquarterra%26utm_medium%3Dorganic&amp;a=Artemas">Artemas</a>, a mid-rise apartment community in Everett, Massachusetts, just four miles north of Downtown Boston. The management of Artemas falls under the <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4457286-1&amp;h=4030698690&amp;u=https%3A%2F%2Fwww.helloalfred.com%2Falfred-announces-merger-with-quarterras-property-management-arm-creating-a-national-next-generation-property-management-platform%2F&amp;a=recent+merger+agreement">recent merger agreement</a>&nbsp;between Quarterra Living, the property management division of Quarterra Group, and RKW Residential, the property management arm for Alfred.
&nbsp;
Artemas introduces 396 apartment homes and 1,500 square feet of retail space to the "Fermentation District" of Everett, an active neighborhood that is home to several breweries and distilleries.

News

Lennar Corp Launches Leasing at Artemas, New Apartment Community in Everett Near Boston

BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) has said that the Chinese EV giant's production has remained stable, <a href="https://www.benzinga.com/news/retail-sales/25/06/46090074/byd-scales-back-production-amid-profit-concerns-rising-inventory-in-china">despite earlier reports</a> that it had scaled back on manufacturing activities amid China's fierce EV price war.
What Happened: Sources close to the company have reiterated that the production levels on the factory lines remain stable, CnEVPost reported <a href="https://cnevpost.com/2025/06/26/exclusive-byd-production-capacity-remains-stable/">on</a> Thursday.
Earlier, reports in the media suggested that the company had scaled back on production by reducing shifts at Chinese factories and delaying adding new production lines.
Inventory levels at various BYD dealers also remain stable and the company's market share in the Chinese auto market continues to rise, the report suggested, citing the earlier source.
Why It Matters: The report comes in as BYD recently overtook Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) in <a href="https://www.benzinga.com/markets/tech/25/06/45969242/elon-musk-has-a-new-problem-byd-beats-tesla-in-global-ev-sales-amid-europe-expansion">global EV sales</a>, according to data released by the International Council on Clean Transportation (ICCT).
BYD has also set its <a href="https://www.benzinga.com/25/04/44946809/byd-rejigs-european-strategy-amid-lack-of-market-knowledge-and-modest-dealer-network-report">eyes on Europe</a> as the brand has released its <a href="https://www.benzinga.com/markets/25/05/45560953/byds-europe-pivot-in-full-swing-with-new-26000-affordable-ev-amid-tesla-sal">Dolphin Surf EV</a> in the region for $26,000. The Dolphin Surf is the Euro-spec version of its best-selling Seagull EV in China.
However, back in China, authorities <a href="http://v">have raised concerns</a> about the aggressive pricing strategies adopted by brands in a bid to boost sales. Despite this, BYD released its <a href="https://www.benzinga.com/markets/tech/25/06/45855643/tesla-rival-byd-launches-15000-seal-06-sedan-as-chinas-ev-price-war-heats-up">Seal 06 EV</a> in China for $15,000, almost half the price of a Tesla Model 3.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46069883/teslas-china-sales-slip-over-10-in-mid-june-after-strong-may-surge">Tesla&#8217;s China Sales Slip Over 10% in Mid-June After Strong May Surge</a></li>
</ul>
Photo courtesy: Tada Images / Shutterstock.com

BYDDF

BYDDY

BYD Denies Production Cutbacks Amid EV Price War, Says Output Remains Stable: Report

U.S. futures rose on Thursday after a mixed close on Wednesday. Futures of major benchmark indices were trading higher.
During his testimony to Congress, Federal Reserve Chair Jerome Powell signaled slower growth and hotter inflation after the central bank left interest rates unchanged.
President Donald Trump, who has been pushing the Fed to cut rates, said that he could announce Powell&#8217;s successor by September, whose term ends later in May 2026, <a href="https://www.wsj.com/economy/central-banking/trump-next-federal-reserve-chair-powell-d3edcb9c?mod=hp_lead_pos1">reported</a> the Wall Street Journal. 
The 10-year Treasury bond yielded 4.28% and the two-year bond was at 3.76%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 75.2% likelihood of the Federal Reserve keeping the current interest rates unchanged in its July meeting.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.20%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.26%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.40%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.12%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Thursday. The SPY was up 0.28% at $608.84, while the QQQ advanced 0.41% to $543.36, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Information technology and communication services stocks bucked the overall market trend, closing higher on Wednesday, while most sectors on the S&amp;P 500 closed on a negative note, with real estate, consumer staples, and utilities recording the biggest losses.
At a NATO meeting in the Netherlands, President Trump stated that a ceasefire between Israel and Iran remains in effect, and the United States will persist in pressuring Tehran. He clarified that while sanctions are still in place, Iran is presently permitted to sell oil to China.
Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) spearheaded chipmaker gains, increasing 3.6% and reaching its highest level since early December 2024. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares also surged 4.3% on Wednesday.
On the economic front, U.S. sales of new single-family homes decreased by 13.7% from the previous month, reaching an annualized rate of 623,000 units in May. U.S. building permits declined by 2% to an annualized rate of 1.394 million in May.
The Dow Jones index ended 507 points or 0.25% lower at 42,982.43, whereas the S&amp;P 500 index fell 0.0003% to 6,092.16. Nasdaq Composite advanced 0.31% to 19,973.55, and the small-cap gauge, Russell 2000, tumbled 1.16% to end at 2,136.18.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.31%</td>
<td>19,973.55</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.00033%</td>
<td>6,092.16</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.25%</td>
<td>42,982.43</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.16%</td>
<td>2,136.18</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Liz Ann Sonders, the chief investment strategist at Schwab, said that the Middle East remains unstable, but maybe not as unstable as it looked a few days ago, so the market shook off the fear and rose.
&#8220;There was a spike in oil and concerns over the weekend and what futures signaled Sunday night, but things aren&#8217;t as bad as expected, and we&#8217;re not seeing escalation, so markets rallied.&#8221;
Talking about international equities, Brock Weimer, an investment strategist at Edward Jones, said that &#8220;We believe the more compelling opportunity lies in U.S. equities over the next one to three years. As part of our opportunistic asset-allocation guidance, we recommend a slight underweight to international developed equities in favor of U.S. stocks.&#8221;
Meanwhile, Louis Navellier commented on Powell&#8217;s Congress testimony and said, &#8220;So, despite the fact that three other Fed members are now signaling a July key interest rate cut, Chairman Powell remains a hawk and continues to ignore favorable inflation data as well as lower Treasury yields.&#8221;
&#8220;The Fed has been anticipating an inflation &#8216;bogeyman&#8217; that has not materialized. Central banks around the world continue to cut key interest rates. Deflation is becoming increasingly common around the world, especially in China,&#8221; Navellier said.
Talking about the U.S. dollar, he said he expects the U.S. dollar to &#8220;firm up&#8221; due to;
(1) higher interest rates compared to the rest of the world, (2) stronger economic growth, and (3) military might.
&#8220;A strong U.S. dollar is also naturally deflationary, since commodities are priced in U.S. dollars,&#8221; he added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a> 
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Thursday:
<ul class="wp-block-list">
<li>May&#8217;s advanced U.S. trade balance in goods, retail inventories, and wholesale inventories, along with the initial jobless claims data for the week ended June 21, will be released by 8:30 a.m. ET.</li>
<li>May&#8217;s headline and core durable-goods orders and second revision for the first quarter GDP will also be released at 8:30 a.m. ET.</li>
<li>Cleveland Fed President Beth Hammack will speak at 9:00 a.m., and pending home sales for May will be out by 10:00 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) was up 0.27% in premarket on Thursday as analysts expect it to report quarterly earnings of 34 cents per share on revenue of $36.84 billion, before the opening bell.</li>
<li>Acuity Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) advanced 1.35% as analysts expect it to report quarterly earnings of $4.43 per share on revenue of $1.15 billion, before the opening bell.</li>
<li>Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) was 0.74% higher as analysts expect it to report quarterly earnings of 13 cents per share on revenue of $10.72 billion after the closing bell.</li>
<li>McCormick &amp; Company Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>) rose 0.84% as analysts expect it to report quarterly earnings of 65 cents per share on revenue of $1.66 billion, before the opening bell.</li>
<li>Worthington Steel Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WS#NYSE">WS</a>) jumped 16.15% after reporting stronger-than-expected financial results for the fourth quarter. The company reported quarterly earnings of $1.05 per share, which beat the analyst consensus estimate of 82 cents per share.</li>
<li>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) was up 2.18% after reporting better-than-expected financial results for the third quarter after the market closed on Wednesday. The company said it expects fourth-quarter revenue of $10.7 billion, plus or minus $300 million, versus estimates of $9.88 billion.</li>
<li>Bumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>) gained 0.61% after announcing 30% of job cuts and restructuring plans.</li>
<li>Bit Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) tumbled 3.83% commenced an underwritten public offering of its ordinary shares, with all shares being offered by the company.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.15% to hover around $65.02 per barrel.
Gold Spot US Dollar rose 0.29% to hover around $3,341.87 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was lower by 0.54% at the 97.1550 level.
Asian markets ended lower on Thursday, except Japan's Nikkei 225 and India's S&amp;P BSE Sensex indices. While Australia's ASX 200, China&#8217;s CSI 300, South Korea's Kospi and Hong Kong's Hang Seng advanced. European markets were mostly higher in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/46109917/billionaire-david-tepper-dumps-nvidia-slashes-magnificent-7-holdings-but-bets-big-on-these-2-ai-and-blockchain-plays">Billionaire David Tepper Dumps Nvidia, Slashes &#8216;Magnificent 7&#8217; Holdings — But Bets Big On These 2 AI And Blockchain Plays</a></li>
</ul>
Photo courtesy: godongphoto / Shutterstock.com

Equities

BMBL

BTBT

US Stocks Likely To Open Higher Despite Powell's Tariff-Induced Inflation Warning: Walgreens, Nike In Focus Ahead Of Earnings

Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), <a target="_blank" href="https://www.benzinga.com/topic/microsoft" rel="noreferrer noopener">in partnership with</a> the Wisconsin Economic Development Corporation (WEDC), the University of Wisconsin-Milwaukee (UWM), and TitletownTech, announced on Wednesday the opening of an AI Co-Innovation Lab on the UWM campus.
It marks Microsoft&#8217;s first AI Co-Innovation Lab dedicated <a target="_blank" href="https://news.microsoft.com/source/2025/06/25/microsoft-wisconsin-economic-development-corporation-university-of-wisconsin-milwaukee-and-titletowntech-officially-open-ai-co-innovation-lab-to-accelerate-manufacturing-innovation/" rel="noreferrer noopener">to manufacturing innovation</a>. The lab&#8217;s launch comes one year after Microsoft&#8217;s $3.3 billion investment to build AI infrastructure in Wisconsin.&nbsp;
From real-time fault detection in industrial machinery to multilingual voice assistants that streamline gate, dock, and yard logistics, local companies are working to apply Microsoft&#8217;s AI technologies to improve operations and decision-making. Others are building tools to forecast supply chain lead times, manage hydroponic farms, and deliver proactive customer support.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/06/45755544/rising-ai-analytics-budgets-could-lift-microsoft-snowflake-datadog" rel="noreferrer noopener">Rising AI, Analytics Budgets Could Lift Microsoft, Snowflake, Datadog</a>
The lab also works with organizations across industries, including small and medium-sized businesses, enterprises, startups, and academia. This reflects the broad networks and experience of the lab&#8217;s founding partners: Microsoft, WEDC, UWM, and TitletownTech.
In January 2025, Microsoft <a target="_blank" href="https://www.benzinga.com/25/01/42806852/microsoft-pauses-construction-on-33-billion-mount-pleasant-data-center-project-cites-technology-changes-and-design-re-evaluation" rel="noreferrer noopener">announced it would</a> temporarily pause construction on parts of its data center project in Mount Pleasant, Wisconsin. However, the company confirmed it still plans to finish the data center&#8217;s first phase, with a total investment of $3.3 billion expected by the end of 2026.
The Mount Pleasant site holds a historical context: it was originally selected for a Foxconn megaproject that was ultimately canceled. Foxconn, formally known as Hon Hai Precision Industry, is a multinational electronics contract manufacturing company and a major supplier for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). Foxconn had initially pledged a $10 billion investment in the area, but this commitment was later reduced significantly to $672 million.
Microsoft has made substantial financial commitments to AI development, allocating approximately $80 billion in fiscal 2025 to develop data centers globally. These data centers are crucial for supporting AI model training and deploying AI and cloud-based applications.
In May 2025, Microsoft showcased new products and partnerships with OpenAI, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Elon Musk&#8217;s xAI, all targeting Microsoft Azure cloud clients to sell AI models during its annual Build conference in Seattle. Microsoft introduced a new coding &#8220;agent,&#8221; among other innovations.
Goldman Sachs analyst Kash Rangan told the Financial Times that Microsoft is the AI ringleader, citing it as the top platform and catalyst for making models work.
MSFT&nbsp;Price Action:&nbsp;MSFT stock was trading higher by 0.31% to $493.82 premarket at last check Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/46079632/bofa-sees-155-billion-agentic-ai-boom-by-2030-spotlights-microsoft-salesforce-and-others" target="_blank" rel="noreferrer noopener">BofA Sees $155 Billion Agentic AI Boom By 2030, Names Key Beneficiaries</a></li>
</ul>
Photo via Shutterstock

Microsoft's New AI Lab Powers Wisconsin Manufacturing

iHuman Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IH#NYSE">IH</a>) ("iHuman" or the "Company"), a leading provider of tech-powered, intellectual development products in China, today announced its unaudited financial results for the first quarter ended March 31, 2025.
&nbsp;
First Quarter 2025 Highlights
<ul>
<li>Revenues were RMB210.4 million (US$29.0 million), compared with RMB235.0 million in the same period last year.</li>
<li>Gross profit was RMB143.8 million (US$19.8 million), compared with RMB168.1 million in the same period last year.</li>
<li>Operating income was RMB21.6 million (US$3.0 million), compared with RMB17.5 million in the same period last year.</li>
<li>Net income was RMB26.5 million (US$3.7 million), compared with RMB22.3 million in the same period last year.</li>
<li>Average total&nbsp;MAUs[1] for the first quarter were 26.51 million, compared with 26.38 million in the same period last year.</li>
</ul>

iHuman Reported Q1 2025 MAUs Of 26.5M Vs 26.4M YoY

Earnings

iHuman Q1 Adj. EPS $0.07 Up From $0.06 YoY, Sales $28.999M Down From $32.548M YoY

President Donald Trump&#8216;s fiscal 2026 defense budget request signals a strategic pivot toward advanced missile systems and unmanned warfare capabilities while scaling back traditional fighter jet procurement, potentially reshaping revenue streams for major defense contractors.
What Happened: The $892.6 billion defense and national security budget, flat compared to fiscal 2025, cuts F-35 Lightning II orders to 47 units from the 68 requested in former President Joe Biden&#8216;s final budget proposal, Reuters reported, citing budget materials released on Wednesday by the White House.
Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), the F-35&#8217;s sole manufacturer, faces reduced near-term revenue from the program despite House appropriators proposing to increase the buy to 69 aircraft.
The budget emphasizes procurement of long-range precision munitions, including the Joint Air-to-Surface Standoff Missile Extended Range and Long Range Anti-Ship Missile, both manufactured by Lockheed Martin. These weapons systems align with Pentagon priorities for Indo-Pacific operations designed to counter Chinese military expansion.
Naval shipbuilding also faces constraints, with only three warships included in the base budget request. General Dynamics Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) and Huntington Ingalls Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>), primary builders of Virginia-class submarines and surface vessels, will see reduced procurement volumes as the Navy eliminates 7,286 civilian positions to control costs.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/46109638/microsoft-ceo-satya-nadella-praises-palantirs-fde-model-as-fantastic-insiders-say-its-not-consulting-it-builds-the-product-customers-need">Microsoft CEO Satya Nadella Praises Palantir&#8217;s FDE Model As &#8216;Fantastic&#8217;—Insiders Say It&#8217;s Not Consulting, It Builds &#8216;The Product Customers Need&#8217;</a>
Why It Matters: The budget allocates increased funding for small drone systems, reflecting lessons learned from the Ukraine conflict, where unmanned aerial vehicles proved cost-effective force multipliers. This shift <a href="https://www.benzinga.com/news/space/25/06/46090791/us-tests-radar-that-could-help-trumps-golden-dome-detect-missiles-over-1200-miles-report">benefits emerging defense technology</a> companies competing for Pentagon contracts alongside traditional prime contractors.
Trump&#8217;s Golden Dome missile defense initiative, estimated to cost over $175 billion, receives initial funding through a separate $150 billion defense package. The program has attracted interest from non-traditional defense players, including SpaceX, Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), and artificial intelligence <a href="https://www.benzinga.com/news/space/25/06/46090791/us-tests-radar-that-could-help-trumps-golden-dome-detect-missiles-over-1200-miles-report">companies seeking to disrupt</a> the established contractor base.
The budget includes a 3.8% military pay raise while retiring aging platforms to reduce operational costs, according to the report. 
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/46106134/bernie-sanders-shares-first-thing-he-would-do-as-president-and-it-could-be-a-jab-at-elon-musk" target="_blank" rel="noreferrer noopener">Bernie Sanders Shares First Thing He Would Do As President — And It Could Be A Jab At Elon Musk</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Joey Sussman / Shutterstock.com

Politics

Trump's Defense Budget Shifts Focus To Missiles, Drones: F-35 Orders Cut By 31%

GDS Holdings Unveils China REIT IPO On Shanghai Stock Exchange, With 20% Subscription From GDS And 50% Pre-placed Units

AMBO

Ambow Education Partners With University Of The West To Launch AI-Powered HybriU Platform For Global Access To U.S. Higher Education

In a significant showcase for investors, <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fbeonemedicines.com%2F&amp;esheet=54282398&amp;newsitemid=20250626270573&amp;lan=en-US&amp;anchor=BeOne+Medicines+Ltd.&amp;index=1&amp;md5=c3d88d2f6d71f05a0aa6c2ae0266e81c">BeOne Medicines Ltd.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONC#NASDAQ">ONC</a>, HKEX: 06160, SSE: 688235))), a global oncology company, will announce major advancements to its industry-leading oncology pipeline during today's investor R&amp;D Day. The event comes at a pivotal moment for the Company, which has more than 40 clinical and commercial stage assets in development, a signal of both scale and ambition.
"At BeOne, our mission is simple yet bold: to create the world's first next-generation oncology company," said John V. Oyler, Co-Founder, Chairman, and CEO. "What we will unveil demonstrates our progress towards this goal today, and the promise for tomorrow. From our innovative discovery engine to one of the broadest pipelines in oncology, we are well-positioned to bring transformative medicines to patients worldwide—and to do so with speed, quality, and purpose."
BeOne's integrated, end-to-end R&amp;D model is engineered for efficiency without compromise. The Company's differentiated approach—combining in-house discovery targeting unmet patient needs, parallel early-stage exploration at low incremental cost, and rapid proof-of-concept generation—enables swift progression from bench to clinic. Our in-house manufacturing around the world, including our flagship facility in Hopewell, NJ, means we have a sustainable business model, purpose built with competitive advantages. This rigorous model has fueled a pipeline of more than 40 clinical and commercial-stage assets, making it one of the most productive in the industry. To complement this research engine, BeOne has built a robust global clinical development platform, with more than 170 trials conducted across 40 countries and more than 25,000 patients enrolled to date.
In hematologic cancers, the Company's program is driven by its wholly-owned assets including BRUKINSA&#xAE; (zanubrutinib), a second-generation covalent BTK inhibitor and the backbone of the hematology franchise, sonrotoclax, a potential best-in-class next-generation BCL2 inhibitor, and BGB-16673, a BTK CDAC. New clinical data from CaDAnCe-101 highlight the promise of BGB-16673, a potential first-in-class BTK degrader, for patients with relapsed or refractory B-cell malignancies, including chronic lymphocytic leukemia (CLL). Meanwhile, early data show the combination of sonrotoclax and BRUKINSA has demonstrated compelling efficacy and the potential to offer a best-in-class fixed-duration treatment in CLL, setting the stage for a possible new standard of care.
In solid tumors, the Company is advancing multiple targeted modalities beyond its foundational PD-1 inhibitor TEVIMBRA&#xAE; (tislelizumab-jsgr), including CDK4 inhibitor BGB-43395, which has shown clear pharmacodynamic activity and is expected to enter registration-enabling studies for the treatment of breast cancer within the next six to 12 months.
Promising new data for the B7-H4 ADC (BG-C9074) point to a potential first-in-class therapeutic option for patients with B7-H4 expressing tumors, including those without selection criteria. Additionally, early data from the novel PRMT5 inhibitor suggest a favorable safety profile and promising efficacy, supporting its potential for differentiation in the competitive lung cancer field.

BeOne Medicines Unveils Major Advances in Oncology Pipeline During Investor R&D Day

RBC iShares Launches CAD-Hedged iShares Core S&P Total U.S. Stock Market Index ETF On TSX, Expanding Core ETF Lineup

<ul>
<li>Beam Global and the Platinum Group will form a new entity, Beam Middle East LLC, which will sell and manufacture Beam Global's patented sustainable infrastructure solutions for transportation electrification, energy storage, energy security, and smart city development across the Middle East and African regions. This joint venture supports Beam Global's strategy of geographic diversification by opening new markets and creating opportunities for revenue growth outside the United States. Beam Global, Beam Europe, and now Beam Middle East will each sell and manufacture the company's full portfolio of patented sustainable technology solutions.</li>
<li>Beam Middle East LLC will be a 50/50 joint venture between Beam Global and Platinum Group UAE, incorporated in Abu Dhabi. Beam Global will license its proprietary technologies to the joint venture and support it with incoming opportunities, training, marketing materials, and procurement assistance. Platinum Group will leverage its existing relationships at the highest levels, coordinate local sales, provide experienced and influential business development professionals, and establish manufacturing capabilities efficiently and inexpensively. Both parties will collaborate on the development of a regional manufacturing facility for the products. Beam Middle East will be headquartered in Masdar City, a pioneering sustainable urban community and world-class business and technology hub, where Platinum Group has recently signed an agreement. Masdar City is located in Abu Dhabi, the capital of the UAE, strategically positioned at the center of the country's drive toward a net-zero future by 2050.</li>
</ul>

Contracts

General

BEEM

Beam Global Enters Into A 50/50 Joint Venture Agreement With The Platinum Group, Based In The United Arab Emirates

Edgewise Therapeutics, Inc., (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWTX#NASDAQ">EWTX</a>), a leading muscle disease biopharmaceutical company, today unveiled positive results in its sevasemten program for Becker and Duchenne muscular dystrophies.
&nbsp;
The Company announced positive data from MESA, an open label extension trial that is providing continued access to sevasemten to participants with Becker who were previously enrolled in ARCH, or completed CANYON, GRAND CANYON, or DUNE. As of the March 2025 data cut, 99% of eligible participants (n=85) are enrolled in MESA.
The MESA data demonstrated sustained disease stabilization, reinforcing prior ARCH and CANYON findings. Importantly, CANYON participants who rolled over to MESA showed increased North Star Ambulatory Assessment (NSAA) scores over 18 months (0.8 point improvement from baseline), with a trend toward improvement in placebo participants switching to sevasemten (0.2 point improvement since initiation of sevasemten). During the 18 months of sevasemten treatment, participants' NSAA scores continued to diverge relative to the expected functional declines seen in multiple Becker natural history studies. Further, NSAA scores for ARCH participants who rolled over to MESA remained stable after three years of treatment. Sevasemten continues to demonstrate a favorable safety profile after up to three years of treatment.&nbsp;

EWTX

Edgewise Therapeutics Reports Results in Sevasemten Program for Becker and Duchenne Muscular Dystrophies

Theravance Biopharma, Inc.&nbsp;("Theravance Biopharma" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBPH#NASDAQ">TBPH</a>) today announced that Viatris Inc. ("Viatris"), has secured regulatory approval from China's National Medical Products Administration (NMPA) for YUPELRI&#xAE; (revefenacin) inhalation solution, the first once–daily nebulized long–acting muscarinic antagonist (LAMA) approved for maintenance treatment of chronic obstructive pulmonary disease (COPD) in China.
&nbsp;
This approval triggers a one-time $7.5 million milestone from Viatris to Theravance Biopharma, which is expected to be received in Q3 2025. Theravance Biopharma is also eligible for further sales-based milestones of up to $37.5 million and tiered royalties of 14% to 20% on net sales in China. Viatris is responsible for all aspects of development and commercialization of YUPELRI in China.
Today's announcement offers further support for Theravance Biopharma's diversified and improving financial position, which includes $131 million in cash as of March 31, 2025, an additional $225 million from the recent sale of TRELEGY royalties to GSK, 35% of U.S. YUPELRI profits, and up to $150 million in near-term potential TRELEGY milestone payments from Royalty Pharma. It also comes as the Company nears completion of enrollment in the open label portion of CYPRESS, its registrational study of ampreloxetine in symptomatic neurogenic orthostatic hypotension associated with multiple system atrophy. Ampreloxetine is a wholly-owned asset with the potential to address a significant unmet need in this rare neurological disorder.

Government

Regulations

TBPH

Theravance Biopharma Scores $7.5M Milestone After YUPELRI Inhalation Solution Approved in China for COPD Treatment

Corus Entertainment (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CJR#TSX">CJR</a>) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $(0.05) by 220 percent. This is a 160 percent increase over losses of $(0.10) per share from the same period last year. The company reported quarterly sales of $297.806 million which missed the analyst consensus estimate of $297.850 million by 0.01 percent. This is a 10.25 percent decrease over sales of $331.804 million the same period last year.

Earnings Beats

Earnings Misses

TSX:CJR

TSX:CJR.B

Corus Entertainment Q3 Adj. EPS $0.06 Beats $(0.05) Estimate, Sales $297.806M Miss $297.850M Estimate

Acuity Brands Q3 Adj. EPS $5.12 Beats $4.43 Estimate, Sales $1.179B Beat $1.148B Estimate

<a target="_blank" href="https://www.benzinga.com/topic/chip-stocks" rel="noreferrer noopener">Semiconductor equipment maker</a> ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) is working to develop advanced lithography machines to serve the next-generation chip industry.
The Netherlands-based company and its exclusive optics partner Carl Zeiss are studying designs for machines that could print circuits with a&nbsp;resolution like 5 nanometers in a single exposure, Nikkei Asia <a target="_blank" href="https://asia.nikkei.com/Editor-s-Picks/Interview/ASML-commits-to-developing-even-more-advanced-chipmaking-tools" rel="noreferrer noopener">reported</a> on Thursday, citing ASML executive vice president Jos Benschop.
They expect the technology to meet the industry&#8217;s needs from 2035 and beyond.
Also Read: <a href="https://www.benzinga.com/news/global/25/05/45570606/asml-bets-big-on-high-powered-chip-tools-as-taiwan-semiconductor-intel-micron-line-up" target="_blank" rel="noreferrer noopener">ASML Bets Big On High-Powered Chip Tools As Taiwan Semiconductor, Intel, Micron Line Up</a>
Dutch giant ASML&#8217;s stock has faced significant headwinds, plunging over 27% in the last 12 months. This decline is largely attributable to mounting geopolitical tensions and pervasive macroeconomic uncertainty impacting the global technology sector.
The company has seen its market value diminish by over $130 billion within a year, primarily due to export restrictions to China imposed by the Dutch government, influenced by U.S. pressure aimed at limiting China&#8217;s access to advanced chip technology. Additionally, broader uncertainty surrounding U.S. tariffs on goods from various countries has contributed to investor apprehension.3
Consequently, multiple Wall Street firms have <a target="_blank" href="https://www.benzinga.com/quote/ASML/analyst-ratings" rel="noreferrer noopener">downgraded their ratings</a> for ASML and revised their price forecasts, reflecting concerns about the company&#8217;s immediate growth prospects given the restrictive trade environment.
Meanwhile, Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) <a target="_blank" href="https://www.benzinga.com/media/25/05/45653729/taiwan-semiconductor-and-intel-weigh-benefits-of-asmls-pricey-chipmaking-equipment" rel="noreferrer noopener">and other chipmakers</a> are still assessing ASML&#8217;s high numerical aperture (NA) machines for use in their most advanced nodes.
Despite the nearly $400 million price tag, almost double that of other equipment, these machines have yet to prove faster or more beneficial than existing chip fabrication tools.
In a notable development, Kevin Zhang from Taiwan Semiconductor rejected using ASML&#8217;s high-NA machines for its A16 node, citing cost concerns, and instead considered using low-NA EUV machines to achieve scaling advantages.
Conversely, Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) plans to adopt the High-NA EUV machine for its 14A process to strengthen its contract chip business and better compete with Taiwan Semiconductor. However, the company noted that customers could still opt for older, well-tested technologies.
Price Action: ASML stock concluded Wednesday&#8217;s trading session higher by 0.23%, closing at $815.24.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46105742/nvidia-supplier-taiwan-semiconductor-wants-to-raise-10-billion-for-this-risk-it-cannot-control" target="_blank" rel="noreferrer noopener">Nvidia Supplier Taiwan Semiconductor Wants To Raise $10 Billion For This Risk It Cannot Control</a></li>
</ul>
Image via Shutterstock

Media

ASML

INTC

Dutch Giant ASML Unveils Plans For Next-Gen Chip Tech

Trump's 'Big Beautiful Bill' To Inject $150 Billion Into Immigration Enforcement Over The Next Four Years: Report

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) CEO Andy Jassy&#8216;s recent announcement that artificial intelligence will shrink the company&#8217;s corporate workforce has prompted a stark warning from former Amazon Vice President Ethan Evans, who says employees must adapt or face elimination.
Check out the current price of <a href="https://benzinga.com/quote/amzn">AMZN stock here</a>.
What Happened: Evans wrote on X on Wednesday that Jassy is delivering &#8220;a really simple truth&#8221; to give current Amazon employees time to prepare for job competition driven by AI efficiency gains. &#8220;Amazon, even with new projects, does not expect to keep everyone,&#8221; Evans stated, adding that the company will retain &#8220;the most productive, most valuable people.&#8221;
The former VP, who worked directly with Jassy, characterized the CEO&#8217;s Tuesday blog post as firing &#8220;the starting gun&#8221; on an internal race where employees must prove their AI-resistant value or risk layoffs.
Evans urged workers to identify skills that AI cannot easily replace and invest in capabilities where AI enhances rather than replaces human performance.
<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">Andy Jassy is trying to lay out a really simple truth soon enough to give everyone currently at Amazon a chance to adapt: 1) Amazon, even with new projects, does not expect to keep everyone 2) They are going to keep the best (most productive, most valuable) people 3) Yes,…
&mdash; Ethan Evans (@EthanEvansVP) <a href="https://twitter.com/EthanEvansVP/status/1937970794984051125?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46107638/mark-zuckerbergs-meta-beats-lawsuit-over-ai-training-on-books-judge-finds-no-meaningful-evidence-on-market-dilution">Mark Zuckerberg&#8217;s Meta Beats Lawsuit Over AI Training On Books, Judge Finds &#8216;No Meaningful Evidence On Market Dilution&#8217;</a>
Why It Matters: Jassy&#8217;s announcement last week revealed <a href="https://www.benzinga.com/markets/tech/25/06/45990634/amazon-ceo-andy-jassys-ai-led-job-cuts-warning-sparks-backlash-as-employee-reportedly-says-its-clearly-part-of-the-plan">Amazon has over 1,000 generative AI services</a> and applications in development. The company&#8217;s AI-driven Alexa+ serves tens of millions of customers globally, while more than 50,000 advertisers used AI capabilities in the first quarter alone. 
Amazon has committed over $100 billion to <a href="https://www.benzinga.com/markets/tech/25/06/45990634/amazon-ceo-andy-jassys-ai-led-job-cuts-warning-sparks-backlash-as-employee-reportedly-says-its-clearly-part-of-the-plan">AI infrastructure investments</a>, including $13 billion for Australia&#8217;s data center expansion through 2029.
Internal employee reactions viewed by Business Insider <a href="https://www.benzinga.com/markets/tech/25/06/45990634/amazon-ceo-andy-jassys-ai-led-job-cuts-warning-sparks-backlash-as-employee-reportedly-says-its-clearly-part-of-the-plan">showed mixed responses across Slack channels</a>. &#8220;There is nothing more motivating on a Tuesday than reading that your job will be replaced by AI in a few years,&#8221; one employee wrote. Others questioned whether senior leadership would face similar cuts, noting Amazon&#8217;s S-team expansion under Jassy.
The workforce warning comes as Amazon froze <a href="https://www.benzinga.com/markets/tech/25/06/45990634/amazon-ceo-andy-jassys-ai-led-job-cuts-warning-sparks-backlash-as-employee-reportedly-says-its-clearly-part-of-the-plan">retail hiring budgets this year</a> while expanding AI capabilities. Jassy previously called AI investments a &#8220;once-in-a-lifetime reinvention of everything we know,&#8221; emphasizing substantial capital requirements for AI chips and data centers.
Evans warned that attacking leadership for delivering &#8220;unpleasant truth&#8221; only encourages delays that lead to &#8220;brutal surprise down the road.&#8221; He advised employees to start transitioning skills immediately, stating, &#8220;Get started or get hurt.&#8221;
AMZN performs strongly on Growth and Quality metrics, with decent Momentum and Value scores. For&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">more insights like this, subscribe</a>&nbsp;to&nbsp;Benzinga Edge Stock Rankings&nbsp;today! <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"></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="886" height="638" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26042940/image-402.png" alt="" class="wp-image-962820" style="width:416px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26042940/image-402.png 886w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26042940/image-402-300x216.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26042940/image-402-768x553.png 768w" sizes="(max-width: 886px) 100vw, 886px" /></a></figure>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/46109638/microsoft-ceo-satya-nadella-praises-palantirs-fde-model-as-fantastic-insiders-say-its-not-consulting-it-builds-the-product-customers-need">Microsoft CEO Satya Nadella Praises Palantir&#8217;s FDE Model As &#8216;Fantastic&#8217;—Insiders Say It&#8217;s Not Consulting, It Builds &#8216;The Product Customers Need&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Markus Mainka / Shutterstock.com

Amazon CEO Andy Jassy Warns Of AI-Driven Workforce Reduction — AMZN 'Won't Keep Everyone,' Says Ex-VP Ethan Evans In Warning To Employees

Patrick&nbsp;Witt, deputy director of the White House Council on Digital Assets, said Wednesday that the administration is pursuing a &#8220;accumulation plan&#8221; to acquire Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) for the strategic national reserve.
What Happened:&nbsp;During a fireside chat at the Bitcoin Policy Summit in Washington, D.C., Witt emphasized the Trump administration&#8217;s dedication to the leading cryptocurrency.
&#8220;We&#8217;ve&nbsp;already taken some steps with&nbsp;the SBR [Strategic Bitcoin Reserve]. How&nbsp;do we follow that up&nbsp;with an accumulation plan,&#8221; he stated. &#8220;There&#8217;s no shortage of opportunities and things to do.&#8221;
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="The Bitcoin Policy Summit 2025" width="500" height="281" src="https://www.youtube.com/embed/nog5yD9fVhE?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>
Witt also acknowledged the challenges in implementing these plans, but assured that the team is &#8220;working around the clock&#8221; to realize President Donald Trump&#8217;s vision.
&#8220;The&nbsp;president on down we&#8217;re&nbsp;all committed to Bitcoin. We&nbsp;want to see it thrive.&nbsp;We want this to be&nbsp;the crypto capital of the&nbsp;world,&#8221; he said.
See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45995223/genius-stablecoin-bill-clears-senate-but-trumps-crypto-profits-loom-over-momentum" target="_blank" rel="noreferrer noopener">GENIUS Stablecoin Bill Clears Senate But Trump's Crypto Profits Loom Over Momentum</a>
Why It Matters:&nbsp;Witt&#8217;s remarks aligned with previous indications from the White House regarding its focus on Bitcoin. In March, Bo Hines, the&nbsp;executive director of the White House Council on Digital Assets, <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44450232/white-house-says-gold-reserves-may-be-used-to-purchase-bitcoin">hinted at the possibility</a> of the U.S. utilizing its gold reserves to acquire more Bitcoin.
Last month, Trump's crypto and AI advisor, David Sacks, said that the path to acquiring Bitcoin for the strategic reserve is ready and it's just a matter of <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45635887/trumps-crypto-advisor-about-us-plans-on-buying-more-bitcoin-it-all-boils-down-to">getting the relevant executive departments "excited</a>." 
Trump signed an executive order to&nbsp;<a href="https://www.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise" target="_blank" rel="noreferrer noopener">establish</a>&nbsp;a strategic Bitcoin reserve earlier this year. The order allows for the purchase of additional BTC, provided there are no incremental costs to taxpayers.
However, little has come from the executive side since the order was signed. Moreover, some analysts have dubbed the idea of selling gold to accumulate Bitcoin&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44148667/a-benzinga-debate-on-federal-reserve-assets-our-contributors-speak-on-gold-bitcoin" target="_blank" rel="noreferrer noopener">a &#8220;very risky&#8221; prospect</a>.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $107,813.32, up 1.08% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/25/06/46109437/anthony-pomplianos-company-may-have-bought-more-bitcoin-than-gamestop-but-michael-saylors-strategy-and-mara-still-reign-supreme">Anthony Pompliano&#8217;s Company May Have Bought More Bitcoin Than GameStop, But Michael Saylor&#8217;s Strategy And MARA Still Reign Supreme</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Shutterstock<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

Comments

Zscaler

Unusual Options Activity for

뉴스

파트너 / 기고자

벤징가 글로벌