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Anterix

Anterix Inc is a United States-based company engaged in delivering broadband needed to modernize infrastructure for energy, transportation, logistics, and other industries. The company offers Private LTE for utilities which help to automate processes, monitor environmental conditions, enable artificial intelligence, and drive productivity.

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ATEX RESOURCES INC by Atex Resources Inc.

ATEX Resources Inc

Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is facing a $109 million lawsuit from&nbsp;Eminem&#8216;s music publisher, Eight Mile Style, for alleged copyright infringement.
What Happened:&nbsp;Eight Mile Style, the company that manages Eminem&#8217;s early catalog, has&nbsp;filed a lawsuit against Meta&nbsp;Platforms, the parent company of Facebook, Instagram and WhatsApp,&nbsp;<a href="https://people.com/eminem-music-publisher-eight-mile-style-is-suing-meta-for-copyright-infringement-for-109-million-11747831">reported</a>&nbsp;PEOPLE. The lawsuit accuses Meta of copyright infringement and seeks damages of over $109 million.
The lawsuit, which does not name Eminem as a party, claims that Meta's platforms—such as Original Audio and Reels Remix—allow users to use music owned by Eight Mile Style without proper licensing or credit. It also alleges that the songs have appeared in millions of videos and have been streamed billions of times. The music publisher is demanding $150,000 for each of the 243 songs allegedly used on Meta&#8217;s platforms, totaling $109.35 million in damages.
A Meta spokesperson, according to the publication, said the company has been negotiating in good faith with Eight Mile Style and expressed disappointment that the publisher chose to sue rather than continue discussions.
Eight Mile Style is also alleging a &#8220;diminished&nbsp;value of the copyrights by&nbsp;Defendants' theft of them, lost&nbsp;profits, and Defendants' profits attributable&nbsp;to the infringement.&#8221;&nbsp;The company is pursuing financial compensation, including the maximum amount allowed under the law.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45785192/anthony-scaramucci-says-the-left-should-focus-on-why-it-lost-elon-musk-rather-than-demonizing-him-cr" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Says The Left Should Focus On Why It Lost Elon Musk Rather Than &#8216;Demonizing&#8217; Him: Credits Tesla CEO For &#8216;Enormously Positive&#8217; Impact On Humanity</a>
Why It Matters: Meta Platforms is currently facing a series of legal challenges. In April, the company was preparing to battle an antitrust lawsuit with the U.S. government&#8217;s antitrust watchdogs, a case that could <a href="https://www.benzinga.com/tech/25/04/44780047/mark-zuckerbergs-empire-in-jeopardy-as-meta-faces-antitrust-battle-in-court">potentially force</a>&nbsp;Zuckerberg to divest Instagram.
Moreover, in May, an Austrian advocacy group, NOYB, issued a &#8220;cease and desist&#8221; letter to Meta, <a href="https://www.benzinga.com/25/05/45406329/austrian-group-questions-metas-legitimate-interest-in-using-eu-data-for-ai-threatens-legal-action-over-200-billion-making-money-is-more-important-than-the-rights-of-its-users">threatening to seek</a> an injunction and&nbsp;potentially leading to billion-euro damages claims&nbsp;over the company&#8217;s plans to use Europeans&#8217; personal data for AI training. 
These legal challenges, combined with the recent copyright infringement lawsuit, add to the mounting legal pressure on Meta Platforms.
Meta holds a momentum rating of 87.91% and a growth rating of 92.78%, according to Benzinga's Proprietary <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Edge Rankings</a>. The Benzinga Growth metric evaluates a stock&#8217;s historical earnings and revenue expansion across multiple timeframes, prioritizing both long-term trends and recent performance.
On a year-to-date basis, Meta stock surged 14.8%.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/politics/25/06/45785484/trump-cant-demand-lower-rates-while-creating-inflation-with-tariffs-and-money-printing-says-ross-ge" target="_blank" rel="noreferrer noopener">Trump Can&#8217;t Demand Lower Rates While &#8216;Creating Inflation&#8217; With Tariffs And Money Printing, Says Ross Gerber — Backs Fed&#8217;s Patience</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Markets

Tech

Eminem's Music Publisher Sues Meta For $109 Million Over Alleged Song Theft

IPOs

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As the market recovers from April lows, the heavyweights are back in action after a brief respite, with the Magnificent 7 stocks leading nearly 55% of the S&amp;P 500&#8217;s market capitalization recovery.
What Happened: &#8220;The Magnificent 7 alone have accounted for nearly 55% of the total market cap gains since April 7th,&#8221; highlighted Otavio Costa, a macro strategist at Crescat Capital, in an X post.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Out of all 503 stocks in the S&amp;P 500: The Magnificent 7 alone have accounted for nearly 55% of the total market cap gains since April 7th. <a href="https://t.co/bM8ceVJ41i">pic.twitter.com/bM8ceVJ41i</a>
&mdash; Otavio (Tavi) Costa (@TaviCosta) <a href="https://twitter.com/TaviCosta/status/1928100272372379686?ref_src=twsrc%5Etfw">May 29, 2025</a></blockquote>
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Resharing Costa&#8217;s post, the Kobeissi Letter quoted that &#8220;The market cannot survive without Big Tech.&#8221;
Out of the S&amp;P 500&#8217;s $7.5 trillion market cap gain since April 7, nearly $4 trillion was added by the Magnificent 7 stocks.
&#8220;This means the Magnificent 7 has contributed ~9.1 percentage points to the 16.8% return of the S&amp;P 500 during this period,&#8221; said Kobeissi in its X post.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The market cannot survive without Big Tech: The S&amp;P 500 has added a massive ~$7.5 trillion in market cap since the April 7th low. Meanwhile, the Magnificent 7 has accounted for ~54% of this increase, gaining $4 trillion in value. This means the Magnificent 7 has contributed… <a href="https://t.co/UqkB6N9lnu">pic.twitter.com/UqkB6N9lnu</a>
&mdash; The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1930398269688963157?ref_src=twsrc%5Etfw">June 4, 2025</a></blockquote>
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According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Nvidia Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) share prices have surged by 45.35% and 42.33%, respectively, since April 7.
Whereas, SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), tracking the S&amp;P 500 index, rose 18.15% during the same period.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05031909/Mag-7-since-April-7-1024x576.png" alt="" class="wp-image-939288" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05031909/Mag-7-since-April-7-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05031909/Mag-7-since-April-7-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05031909/Mag-7-since-April-7-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05031909/Mag-7-since-April-7-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05031909/Mag-7-since-April-7.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/25/06/45764818/bill-ackman-urges-end-to-fannie-mae-freddie-mac-conservatorship-says-will-enable-them-to-operate-more-successfully-and-efficiently">Bill Ackman Urges End To Fannie Mae, Freddie Mac Conservatorship: Says Will Enable Them To ‘Operate More Successfully And Efficiently'</a>
Why It Matters: The Magnificent 7 stocks have had a tough year in 2025, but a few of them have recovered on a year-to-date basis.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), and Tesla were still down in double digits for 2025.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Stocks</td>
<td>YTD Performance</td>
<td>One-Year Performance</td>
</tr>
<tr>
<td>Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>2.61%</td>
<td>15.91%</td>
</tr>
<tr>
<td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>-16.83%</td>
<td>3.55%</td>
</tr>
<tr>
<td>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>10.82%</td>
<td>9.40%</td>
</tr>
<tr>
<td>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td>-5.90%</td>
<td>14.31%</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</td>
<td>-11.14%</td>
<td>-4.34%</td>
</tr>
<tr>
<td>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>14.80%</td>
<td>38.96%</td>
</tr>
<tr>
<td>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>-12.45%</td>
<td>89.74%</td>
</tr>
</tbody>
</table>
</figure>
During the first quarter, these seven companies reported an earnings growth of 27.7%, which was above the estimate of 16% as per the FactSet data.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The &quot;Magnificent 7&quot; companies reported earnings growth of 27.7% for Q1 2025, which was above the estimate of 16.0% on March 31. <a href="https://twitter.com/hashtag/earnings?src=hash&amp;ref_src=twsrc%5Etfw">#earnings</a>, <a href="https://twitter.com/hashtag/earningsinsight?src=hash&amp;ref_src=twsrc%5Etfw">#earningsinsight</a>, <a href="https://t.co/i7w3LKLwYO">pic.twitter.com/i7w3LKLwYO</a>
&mdash; FactSet (@FactSet) <a href="https://twitter.com/FactSet/status/1929648237310361690?ref_src=twsrc%5Etfw">June 2, 2025</a></blockquote>
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Price Action: The SPY 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, ended on a mixed note on Wednesday. The SPY was down 0.027% at $595.93, while the QQQ advanced 0.28% to $528.77, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
The futures of the S&amp;P 500, Nasdaq 100 and Dow Jones were lower on Thursday.
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Photo courtesy: Skorzewiak / Shutterstock.com

AAPL

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Magnificent 7 Drive 54% Of Market Cap Gains In S&P 500 Since April Lows: 'The Market Cannot Survive Without Big Tech'

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<ul>
<li>Divestiture of the Manitowoc, WI facility optimizes asset base and improves operating leverage</li>
<li>Further diversifies BWEN's business toward higher-margin precision manufacturing segments</li>
<li>Significantly enhances liquidity, while reducing net leverage and supporting capital deployment priorities</li>
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BWEN

Reported Earlier, Broadwind Divests Manitowoc Industrial Fabrication Operations For $13M To Optimize Footprint And Boost Liquidity

Former Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Steve Ballmer disclosed a previously unknown rift with co-founder Bill Gates that left the tech executives not speaking for an entire year during Ballmer&#8217;s transition to chief executive in 2000-2001.
What Happened: Speaking on the Acquired podcast, Ballmer revealed the communication breakdown occurred from approximately March 2000 to 2001, coinciding with his assumption of the CEO role amid Microsoft&#8217;s antitrust battles and the dot-com crash. 
&#8220;We went through a year where we didn&#8217;t speak,&#8221; Ballmer stated, describing the period as among the company&#8217;s most challenging.
The rift stemmed from unclear power dynamics as Gates transitioned from CEO to Chief Software Architect. When Gates offered Ballmer the CEO position, Ballmer insisted on clarification: &#8220;Do you really want me to be CEO or do you just want me to be a figurehead?&#8221; Gates confirmed he wanted &#8220;a real CEO,&#8221; but both executives struggled with the new reporting structure.
&#8220;I didn&#8217;t know what it meant to be his boss and he didn&#8217;t know what it meant to work for me,&#8221; Ballmer explained. The former CEO, who had served as Gates&#8217; lieutenant for two decades since joining Microsoft in 1980, found the role reversal particularly challenging.
See Also: <a href="https://www.benzinga.com/markets/commodities/25/06/45784952/jim-cramer-says-the-chinese-could-really-hurt-us-as-beijing-tightens-grip-on-rare-earth-magnets-warns-of-threat-to-everything-from-autos-to-data-centers">Jim Cramer Says The Chinese &#8216;Could Really Hurt Us&#8217; As Beijing Tightens Grip On Rare Earth Magnets: Warns Of Threat To &#8216;Everything&#8217; From Autos To Data Centers</a>
Why It Matters: The reconciliation came through intervention from their wives, who arranged an &#8220;awkward dinner at a health club&#8221; to repair the relationship. However, Ballmer acknowledged they &#8220;never really got the right mojo&#8221; afterward, with Gates maintaining significant influence over product direction.
During Ballmer&#8217;s 14-year tenure, Microsoft&#8217;s revenue tripled while the stock price remained relatively flat. Ballmer attributed this disconnect to his reluctance to engage with Wall Street analysts and his reputation as a heavy spender on strategic initiatives like Surface and Xbox.
The leadership tensions manifested in major strategic disagreements over hardware initiatives, mobile phones, and the HoloLens project. Ballmer has since maintained his Microsoft stake, with Forbes estimating his net worth grew from $20 billion to $130 billion since departing in 2014.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="The Steve Ballmer Interview" width="500" height="281" src="https://www.youtube.com/embed/CYC49_aeop0?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>
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Read Next: 
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Equities

Entrepreneurship

Success Stories

Steve Ballmer Says He 'Didn't Speak' To Bill Gates For A Year After Becoming Microsoft Chief: Reveals Power Struggle And Rift Over 'Real CEO' Role

President Donald Trump has suspended the entry of foreign nationals seeking to study at Harvard University for an initial six months, escalating an ongoing federal dispute with the Cambridge-based institution. 
What Happened: Trump&#8217;s proclamation cited national security concerns, stating Harvard has &#8220;demonstrated a history of concerning foreign ties and radicalism&#8221; with &#8220;extensive entanglements with foreign adversaries,&#8221; including China, Reuters reported. 
The directive targets international students who comprise roughly 25% of Harvard&#8217;s student body amid broader tensions over alleged Chinese academic ties and national security concerns.
The directive allows extensions beyond six months and instructs the State Department to consider revoking current Harvard students&#8217; academic visas.
The suspension follows Homeland Security Secretary Kristi Noem&#8216;s May 22 revocation of Harvard&#8217;s Student and Exchange Visitor Program certification. A federal judge temporarily blocked the action, prompting the administration to pursue a lengthier administrative process instead.
Harvard called the proclamation &#8220;yet another illegal retaliatory step&#8221; violating First Amendment rights. The university argues the administration is retaliating for Harvard&#8217;s refusal to accept demands for governance control, curriculum changes, and faculty ideology oversight.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/45786416/joe-biden-calls-trump-probe-a-distraction-from-disastrous-gop-bill-aiming-to-raise-costs-for-americans-all-to-pay-for-tax-breaks-for-the-ultra-wealthy">Joe Biden Calls Trump Probe A &#8216;Distraction&#8217; From &#8216;Disastrous&#8217; GOP Bill Aiming To Raise Costs For Americans: &#8216;All To Pay For Tax Breaks For The Ultra-Wealthy&#8217;</a>
Why It Matters: The administration has frozen billions in federal grants and proposed ending Harvard&#8217;s tax-exempt status. <a href="https://www.benzinga.com/general/education/25/05/45664141/trump-administration-to-revoke-visas-of-chinese-students-tied-to-ccp-or-critical-fields-tightens-screening">Harvard enrolled</a> nearly 6,800 international students in 2024-2025.
The administration has already revoked over 1,500 student visas across 222 schools, creating institutional uncertainty. Japan&#8217;s Education Minister Toshiko Abe announced that universities would <a href="https://www.benzinga.com/news/25/05/45663308/japans-education-minister-calls-on-universities-to-take-in-displaced-harvard-students-after-trump-ban-university-of-tokyo-leads-support-effort">welcome displaced Harvard students</a>, including 110 Japanese students currently enrolled.
Trade tensions complicate the situation, with Treasury Secretary Scott Bessent describing <a href="https://www.benzinga.com/25/05/45685544/scott-bessent-says-us-china-trade-talks-at-stalemate-need-trump-and-xi-jinping-touch-to-break-the-deadlock">U.S.-China negotiations</a> as &#8220;stalled&#8221; and requiring direct involvement from Trump and President Xi Jinping to resolve. Read Next:
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: f11photo on Shutterstock.com

Education

Trump Suspends Entry Of Foreign Students To Harvard For Six Months, Citing National Security —University Calls Move 'Illegal Retaliatory Step'

IVBIY

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Federal food-safety regulators on Tuesday issued a nationwide public-health alert for Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)-owned, Whole Foods&#8217; Organic Rancher ground beef after lab tests detected the potentially deadly E. coli O157:H7 strain.
What Happened: The U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) said the 1-pound vacuum-sealed packs bear establishment number "EST. 4027" and were processed May 22-23, 2025. Distributors in Connecticut, Georgia, Illinois and Maryland shipped the beef to Whole Foods Market stores coast-to-coast before the product left shelves.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8; Alert: FSIS Issues Public Health Alert for Ground Beef Products Due to Possible E. Coli O157:H7 Contamination <a href="https://t.co/mw3kymZ51H">https://t.co/mw3kymZ51H</a>
&mdash; USDA Food Safety &amp; Inspection Service (@USDAFoodSafety) <a href="https://twitter.com/USDAFoodSafety/status/1930229412395466894?ref_src=twsrc%5Etfw">June 4, 2025</a></blockquote>
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</figure>
Investigators did not order a recall because stores no longer stock the item, but officials urged consumers to check refrigerators and freezers and not to consume any remaining packages.
See also: <a href="https://www.benzinga.com/news/politics/25/06/45786416/joe-biden-calls-trump-probe-a-distraction-from-disastrous-gop-bill-aiming-to-raise-costs-for-americans-all-to-pay-for-tax-breaks-for-the-ultra-wealthy">Joe Biden Calls Trump Probe A &#8216;Distraction&#8217; From &#8216;Disastrous&#8217; GOP Bill Aiming To Raise Costs For Americans: &#8216;All To Pay For Tax Breaks For The Ultra-Wealthy&#8217;</a>
What To Know: According to FSIS, E. coli O157:H7 can trigger dehydration, bloody diarrhea and severe abdominal cramps two to eight days after exposure, FSIS noted. The infection sometimes progresses to hemolytic uremic syndrome, which, according to the CDC, is a form of kidney failure that most often strikes children under 5 and older adults.
Anyone who develops those symptoms should seek emergency care, the agency said. The Centers for Disease Control and Prevention lists bloody stool, high fever and reduced urination as red-flag warnings.
FSIS opened its Meat and Poultry Hotline — 888-MPHotline (888-674-6854) and <a href="mailto:MPHotline@usda.gov">MPHotline@usda.gov</a> — for consumer questions. Shoppers can also review food-handling tips in a five-step process <a href="https://www.benzinga.com/news/24/04/38422180/us-warns-of-e-coli-risk-with-eating-ground-beef-how-to-keep-yourself-amid-usda-warning">highlighted by the CDC</a> after a previous recall on similar grounds. FSIS said it will monitor the situation and update guidance if illnesses emerge.
Ground-beef recalls and alerts surface regularly and experts say undercooking remains the leading risk factor for infection. Health officials recommend cooking ground beef to an internal temperature of 160°F.
Price Action: Amazon shares were up 0.74% at $207.23 on Wednesday and have climbed 11.2% over the past month, according to data from Benzinga Pro.
According to Benzinga Edge Stock Rankings, AMZN has positive momentum and strong growth, with a modest valuation. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">here to view the full stock breakdown</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="151" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05032938/amzn-edge-1024x151.png" alt="" class="wp-image-939299" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05032938/amzn-edge-1024x151.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05032938/amzn-edge-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05032938/amzn-edge-768x113.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05032938/amzn-edge.png 1368w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo Courtesy: Amado Claro on Shutterstock.com
Read next: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45786438/california-move-to-takeover-crypto-left-unclaimed-in-exchanges-spurs-debate-golden-state-robbing-citizens-or-just-following-precedents">California Move To Takeover Crypto Left Unclaimed In Exchanges Spurs Debate: Golden State Robbing Citizens Or Just Following Precedents?</a>

Health Care

General

Organic Rancher Beef Supplied To Whole Foods Flagged For E.Coli, USDA  Urges Shoppers To Take This Action

CATY

Reported Earlier, Cathay General Bancorp Board Approves $150M Stock Buyback Plan After Concluding $125M Program In February 2025

BMNR

Reported Earlier, BitMine Immersion Technologies Prices $18M Public Offering At $8/Share And Announces NYSE American Uplisting

Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is reportedly developing software for humanoid robots that could eventually take over the roles of delivery workers.
What Happened: Amazon is constructing a &#8220;humanoid park&#8221; at one of its San Francisco offices, where it will test the robots, The Information <a href="https://www.theinformation.com/articles/amazon-prepares-test-humanoid-robots-delivering-packages">reported </a>on Wednesday. The company is reportedly developing artificial intelligence software that will control these robots and plans to utilize hardware from other companies for testing purposes.
While Amazon is initially testing the robots in an indoor obstacle course, the possibility of real-world trials is also being discussed, the report added. It mentions that Amazon plans to test various humanoid robots, including one from China-based Unitree.
Amazon has been making significant strides in incorporating AI into its operations.&nbsp;The company recently revealed the formation of a new team within its Lab126 device unit dedicated to developing warehouse robots capable of handling multiple tasks. 
Amazon currently deploys over 20,000 Rivian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) electric vans for package deliveries, with plans to increase that number to 100,000 by decade's end. Although human drivers still operate the vans and handle deliveries, humanoid robots may soon take over the delivery aspect.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45785192/anthony-scaramucci-says-the-left-should-focus-on-why-it-lost-elon-musk-rather-than-demonizing-him-cr" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Says The Left Should Focus On Why It Lost Elon Musk Rather Than &#8216;Demonizing&#8217; Him: Credits Tesla CEO For &#8216;Enormously Positive&#8217; Impact On Humanity</a>
Why It Matters: Amazon&#8217;s move towards <a href="https://www.benzinga.com/markets/equities/25/05/45246262/amazon-unveils-revolutionary-robot-vulcan-with-sense-of-touch-to-handle-75-of-the-warehouse-items-people-will-always-be-part-of-the-equation">humanoid robots </a>for package delivery comes in the wake of the company unveiling a revolutionary robot, Vulcan, capable of handling approximately 75% of items in Amazon's warehouses. 
This aligns with the broader industry trend of integrating robotics into operations. Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk, for instance, has been vocal about the impact of humanoid robots on the <a href="https://www.benzinga.com/news/topics/25/05/45710538/elon-musk-says-humanoid-robots-will-start-impact">global economy</a>, predicting that they will start impacting countries&#8217; GDPs in 4 to 5 years.
Moreover, Billionaire investor Mark Andreessen&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45774499/elon-musks-optimus-could-herald-the-biggest-industry-in-history-billionaire-investor-marc-andreessen-says">recently said</a>, &#8220;Robotics is going to be the biggest industry in the history of the planet – it's going to be gigantic.&#8221; 
Benzinga's Edge Rankings place Amazon in the 79th percentile for quality and the 9th percentile for value, 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, Amazon stock declined nearly 6%
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/topics/25/06/45768579/steve-bannon-says-elon-musks-doge-cuts-went-from-2-trillion-to-150-bilsteve-bannon-says-elon-musks-do" target="_blank" rel="noreferrer noopener">Steve Bannon Says Elon Musk&#8217;s DOGE Cuts Went From $2 Trillion To $150 BilSteve Bannon Says Elon Musk&#8217;s DOGE Cuts Went From $2 Trillion To $150 Billion And Now Nothing—&#8217;None Of This Makes Sense&#8217;</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.

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RIVN

Package Drop By Robot? Amazon Pilots Humanoids In Rivian Vans: Report

Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) has signed a multi-year agreement with Graphite One as <a href="https://www.benzinga.com/news/topics/25/05/45708426/chinas-rare-earth-magnet-restrictions-threaten-auto-production-could-result-in-shutdown-of-assembly-lines-report">ongoing restrictions</a> on exports of critical materials by the Chinese government pose supply chain disruptions.
What Happened: "A supply chain of critical materials within the United States drives our nation&#8217;s economy," Lucid's Interim CEO Marc Winterhoff said in a statement released by the automaker on Wednesday.
The agreement stipulates Graphite One will supply Lucid and the EV maker's battery suppliers with natural graphite, "which will begin production in 2028," the statement notes.
Lucid has also reached an agreement with Syrah Resources to supply synthetic graphite to the automaker in 2026. These agreements "continue Lucid&#8217;s focus on strengthening its US-based supply chain and establishing local supply for critical minerals." the statement said.
Why It Matters: The ongoing trade tensions between Washington and Beijing have hit the global automotive industry hard, with several automakers warning that China's restrictions on critical minerals and rare earth metal exports could <a href="https://www.benzinga.com/markets/tech/25/06/45763345/amid-us-china-trade-war-global-automakers-warn-beijings-curbs-on-rare-earth-metals-could-significantly-impact-production">significantly impact production</a>.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk also recently highlighted the importance of a <a href="https://www.benzinga.com/markets/tech/25/06/45765168/elon-musk-says-localizing-supply-chains-key-to-mitigate-geopolitical-risk-amid-us-china-trade-tensions">domestic supply chain</a>, which the billionaire said could help mitigate geopolitical risks.
Amid the back and forth between the two superpowers, the Trump administration has accused Beijing of violating the <a href="https://www.benzinga.com/news/politics/25/06/45715447/xi-jinpings-china-dismisses-trumps-groundless-accusations-on-geneva-trade-deal-breach-vows-strong-retaliation">Geneva Trade Agreement</a>, which China firmly denies and has vowed retaliation.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="208" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05021438/LCID-JUN-5-2025-1024x208.jpg" alt="" class="wp-image-939198" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05021438/LCID-JUN-5-2025-1024x208.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05021438/LCID-JUN-5-2025-300x61.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05021438/LCID-JUN-5-2025-768x156.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05021438/LCID-JUN-5-2025-1536x312.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05021438/LCID-JUN-5-2025.jpg 1562w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
LCID scores satisfactorily on Momentum and Value metrics. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/topics/25/06/45715047/byds-aggressive-pricing-triggers-ev-rat-race-stock-tumbles-authorities-voice-concern">BYD&#8217;s Aggressive Pricing Triggers EV &#8216;Rat Race:&#8217; Stock Tumbles, Authorities Voice Concern</a></li>
</ul>
Photo courtesy: Ian Dewar Photography / Shutterstock.com

LCID

Tesla Rival Lucid Signs Deal To Secure Domestic Supply Of Graphite Amid China's Rare Earth Export Ban

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is reportedly making a big push for exclusive content in preparation for the launch of its new premium <a href="https://www.benzinga.com/general/gaming/24/07/39864501/meta-moves-ahead-with-quest-4-vr-headset-despite-layoffs-sets-release-date-report">virtual reality headset next year</a>, which aims to compete with Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Vision Pro.
What Happened: Meta is in talks with major entertainment companies like Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), A24 and other smaller production studios to secure exclusive immersive content for its upcoming VR device, <a href="https://www.wsj.com/business/media/meta-seeks-hollywood-deals-for-new-virtual-reality-headset-ef3db942">reported</a> the Wall Street Journal on Wednesday, citing people familiar with the matter.&nbsp;
The company is offering millions of dollars for episodic and standalone videos based on popular intellectual properties.
Meta hopes this content will help draw users to its new headset, internally known as "Loma," which is expected to feature higher-fidelity video and a <a href="https://www.benzinga.com/24/12/42659936/meta-plans-display-equipped-ray-ban-glasses-by-2025-aiming-to-replace-smartphones">design similar to Meta's</a> Ray-Ban AI glasses.&nbsp;
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/04/45090992/mark-zuckerberg-warns-of-serious-disadvantage-as-chinas-data-center-blitz-could-let-deepseek-leapfrog-us-ai-labs" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Warns Of ‘Serious Disadvantage' As China's Data-Center Blitz Could Let DeepSeek Leapfrog US AI Labs</a>
The device is expected to be priced under $1,000, a more affordable option compared to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36773354/3-500-apple-headset-no-problem-apple-vision-pro-blows-past-expectations-wedbush-upg">the $3,500 Vision Pro</a>.
Why It's Important: Apple did not pay entertainment companies for content to support the launch of its Vision Pro headset. Instead, it created its own <a href="https://www.benzinga.com/general/entertainment/24/05/38979286/marvels-what-if-an-immersive-story-to-debut-on-apple-vision-pro-heres-what-fans-can-expect-">exclusive immersive experiences</a>, such as a concert featuring The Weeknd.
However, high pricing, the device's weight and a shortage of compelling new apps have led to underwhelming sales.
Meanwhile, Meta has been heavily investing in virtual reality for over ten years. Its Quest headsets—developed after the company acquired Oculus in 2014—remain the top sellers in the VR market, although they've yet to achieve widespread adoption, the report added.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Meta's smart Ray-Ban glasses, which incorporate AI features, have begun to <a href="https://www.benzinga.com/25/04/44599475/meta-is-planning-to-drop-1000-smart-glasses-to-disrupt-apples-ar-ambitions-report">resonate with consumers</a>. As of February, Meta had sold two million units since their debut in 2021, according to EssilorLuxottica, the eyewear firm collaborating on the product.
All these products fall under Meta's Reality Labs division, which focuses on virtual and augmented reality. The unit posted a $17.7 billion loss last year on $2.1 billion in revenue, the report said.
Price Action: Meta's shares have risen 14.80% so far this year. At the time of writing, the stock was trading at $688.34 in after-hours, reflecting a slight increase of 0.057%, based on data from <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Benzinga&#8217;s Edge Stock Rankings underscore Meta&#8217;s solid price momentum over short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance metrics can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05025937/Screenshot-2025-06-05-at-12.27.57%E2%80%AFPM.png" alt="" class="wp-image-939251" /></a></figure>
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo Courtesy: Skorzewiak on Shutterstock.com
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