Avanos Medical (NYSE:AVNS) Stock

Avanos Medical

Avanos Medical Inc is a United States-based company that develops and sells medical devices and related services globally. Its operating and reportable segment provides medical device products to healthcare providers and patients. The company has now changed two franchises: has combined Chronic Care and Pain Management franchises into a single commercial organization focused on the Digestive Health and Pain Management and Recovery product categories that generate its revenue from its Chronic Care franchise and in North America.

Avanos Medical Inc

Cathie Wood, founder of ARK Invest, says history shows artificial intelligence will generate "many more jobs than it displaces," pushing back on fears that chatbots and humanoid robots will wipe out careers.
What Happened: Wood made the case in a weekend X thread after taping Steven Bartlett's "Diary of a CEO" <a href="https://www.youtube.com/watch?v=ZznpMh0DegE&amp;list=PL22egh3ok4cP0T7UZRmP6TMLErZYWMN-l">podcast</a>. Wood told Bartlett that baby-boomer retirements and smaller follow-on generations already constrain the labor pool, so companies will use AI to boost productivity rather than slash payrolls. 
"We'll see more people taking risks on themselves," she said, predicting the traditional corporation "will change radically."
After the interview, Wood asked OpenAI's ChatGPT and xAI's Grok 3 to list occupations that don't exist yet. &#8220;ChatGPT and Grok3 were full of job ideas, &#8221; she said. She urged followers to "test them yourselves" and include sci-fi, &#8220;ideas from futurists&#8221; in their prompts.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">.<a href="https://twitter.com/StevenBartlett?ref_src=twsrc%5Etfw">@StevenBartlett</a> drilled into the impact of AI and robotics on our jobs, all jobs. History shows that new technologies create many more jobs than they displace. We do not think that this time will be different. After our interview, I asked chatGPT and Grok3 for a list of new… <a href="https://t.co/FxSa6oI4Fr">https://t.co/FxSa6oI4Fr</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1931383026828665058?ref_src=twsrc%5Etfw">June 7, 2025</a></blockquote>
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See also: <a href="https://www.benzinga.com/news/politics/25/06/45831188/gavin-newsom-to-sue-trump-administration-over-national-guard-deployment-dares-border-czar-homan-to-arrest-him">Gavin Newsom To Sue Trump Administration Over National Guard Deployment, Dares Border Czar Homan To &#8216;Arrest&#8217; Him</a>
The post aligns with Wood's long-held thesis that innovation cycles ultimately expand employment. Last month, she argued <a href="https://www.benzinga.com/government/regulations/25/05/45344120/cathie-wood-says-ai-innovation-in-healthcare-will-be-more-profound-than-autonomous-taxi-networks-humanoid-robots">AI advances in health care</a> could rival autonomous taxis in economic impact.
Why It Matters: Wood&#8217;s numerous Ark Invest funds have been loading up on chipmakers and software firms she says will power that boom. ARK flagship fund, ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>), added to its AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) stake <a href="https://www.benzinga.com/markets/tech/25/06/45779874/cathie-wood-snaps-up-more-amd-shares-as-ark-invest-bets-big-on-chip-stocks">last week</a> and has been <a href="https://www.benzinga.com/25/05/45660989/cathie-wood-ditches-5-6m-more-tesla-while-elon-musk-quits-government-role-doubles-down-on-ai-stock-under-attack-by-short-sellers">buying</a> Tempus AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) and other data-rich platforms.
Wood has also been buying shares of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), aiming for <a href="https://www.benzinga.com/25/05/45635104/cathie-wood-dumps-9-9m-tesla-despite-musks-24-7-pledge-loads-up-on-nvidia-before-earnings">broad-based exposure</a> to the AI chip market rather than betting on a single winner.
The &#8220;disruptive tech&#8221; investor in May also pointed to <a href="https://www.benzinga.com/25/05/45319531/cathie-wood">AI as a force</a> that will &#8220;disrupt the traditional world order&#8221; and predicted that everyone will have an AI-powered personal assistant in the future.
Photo Courtesy: twenty1studio On Shutterstock.com
Read next: <a href="https://www.benzinga.com/markets/equities/25/06/45830824/niall-ferguson-says-us-and-china-locked-in-a-cold-war-larry-summers-calls-it-hostile-codependence">Niall Ferguson Says US And China Locked In A &#8216;Cold War&#8217; — Larry Summers Calls It &#8216;Hostile Codependence&#8217;</a>

Equities

Markets

Personal Finance

ARKK

NVDA

Cathie Wood Sharers Her Take On Chatbots And Robots Taking Human Jobs: 'We'll See More People Taking Risks'

With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects Motorcar Parts of America Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) to report quarterly earnings at 20 cents per share on revenue of $190.70 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Motorcar Parts of America shares gained 4.5% to $12.45 in after-hours trading.</li>
<li>Analysts are expecting Graham Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHM#NYSE">GHM</a>) to post quarterly earnings at 19 cents per share on revenue of $55.67 million. The company will release earnings before the markets open. Graham shares rose 3.8% to $43.58 in after-hours trading.</li>
<li>Children&#8217;s Place Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) posted weaker-than-expected results for its first quarter after the closing bell on Friday. The company reported quarterly losses of $1.52 per share, which missed the analyst consensus estimate of losses of 51 cents per share. The company reported quarterly sales of $242.13 million, which missed the analyst consensus estimate of $260.62 million. Children&#8217;s Place shares</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>After the markets close, Casey&#8217;s General Stores Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) is projected to post quarterly earnings at $1.96 per share on revenue of $3.93 billion. Casey&#8217;s shares slipped 0.1% to $443.50 in the after-hours trading session.</li>
<li>Analysts expect Calavo Growers Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) to post quarterly earnings at 53 cents per share on revenue of $201.48 million after the closing bell. Calavo Growers shares fell 0.3% to $27.61 in after-hours trading.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45811726/cramer-says-hes-not-going-to-really-want-to-do-a-lot-of-china-right-now">Cramer Says He&#8217;s &#8216;Not Going To Really Want To Do A Lot Of China Right Now&#8217;</a> </li>
</ul>
Photo courtesy: Andriy Blokhin / Shutterstock.com

CASY

CVGW

MPAA

PLCE

Motorcar Parts of America, Casey's General Stores And 3 Stocks To Watch Heading Into Monday

California Governor Gavin Newsom (D) has announced that the state will file a lawsuit against the Trump administration over the deployment of the National Guard to quell protests in Los Angeles.
What Happened:&nbsp;Newsom revealed the lawsuit during an interview with MSNBC on Sunday. The legal action is aimed at challenging the federalization&nbsp;of the California National Guard&nbsp;by the Trump administration without the state&#8217;s consent, a move that Newsom deems unprecedented in U.S. history,&nbsp;<a href="https://www.msnbc.com/msnbc/watch/gov-newsom-tells-president-trump-to-stand-down-amid-l-a-protests-241152581707">reported</a>&nbsp;MSNBC.
"And we're going to test that theory with a lawsuit tomorrow," Newsom stated. &#8220;They never coordinated with the governor of the state,"&nbsp;he added.
Newsom also responded to remarks by border czar Tom Homan, who implied he might arrest Newsom or Los Angeles Mayor Karen Bass if they obstructed his actions. In reply, Newsom challenged him, saying, "Arrest me. Let's go."
Newsom also criticized Trump&#8217;s Truth Social post, where he praised the National Guard for a &#8220;great job&#8221; even though they weren&#8217;t deployed at the time.&nbsp;He described the post as &#8220;Orwellian, simply lying to people,&nbsp;unconstitutional, illegal act, his mess.&nbsp;We're trying to clean it&nbsp;up.&#8221;
SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45830251/elon-musks-political-party-to-launch-in-2025-odds-rise-on-polymarket-the-crypto-betting-market-now-partnered-with-x" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Political Party To Launch In 2025? Odds Rise On Polymarket, The Crypto Betting Market Now Partnered With X &#8211; Benzinga</a>
Why It Matters: The lawsuit comes after Newsom called the <a href="https://www.benzinga.com/news/politics/25/06/45830221/gavin-newsom-calls-deployment-of-national-guard-in-los-angeles-unlawful-says-there-was-no-problem-until-trump-got-involved-serious-breach-of-state-sovereignty">deployment </a>of National Guard troops in Los Angeles &#8220;unlawful&#8221; and a &#8220;serious breach of state sovereignty&#8221; on Sunday. The deployment, which included around 300 National Guard members, was part of Trump's broader effort to crack down on immigration protests.
Meanwhile, the protests in Los Angeles turned violent, with protesters <a href="https://www.benzinga.com/markets/tech/25/06/45830565/multiple-waymo-vehicles-set-on-fire-during-los-angeles-anti-ice-protests-elon-musk-says-this-is-not-ok">reportedly </a>vandalizing over five of Alphabet&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Waymo robotaxis during clashes with the police. 
The protests were against the Trump administration's crackdown on immigration into the U.S., with the Immigration and Customs Enforcement (ICE) carrying out high-profile raids and reportedly detaining several undocumented individuals.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/news/politics/25/06/45830286/ron-desantis-takes-a-dig-at-california-says-state-officials-living-in-a-leftist-information-bubble-" target="_blank" rel="noreferrer noopener">Ron DeSantis Takes A Dig At California, Says State Officials Living In A &#8216;Leftist Information Bubble&#8217; Amid Unrest — Spring Break Crackdown A Model Response, Says Florida Governor</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.

News

Politics

GOOG

GOOGL

Gavin Newsom To Sue Trump Administration Over National Guard Deployment, Dares Border Czar Homan To 'Arrest' Him

CLVT

Clarivate Deepens Longstanding Partnership With American Library Association By Supporting Public Advocacy Through 2027

Reported Friday, Montego Bay Airport To Receive $118.1M In Investments Under GAP's 5-Year Development Plan, Tariffs Set Through 2030

<ul>
<li>Atopic dermatitis is a chronic disease that disproportionately impacts communities of color</li>
<li>Dupixent achieved 75% or greater improvement in overall disease severity, the primary endpoint, in more than three-quarters of treated patients</li>
<li>Patients experienced substantial reductions in hyperpigmentation, dry skin and itch from baseline</li>
<li>Results support commitment to enhance clinical understanding of chronic diseases in communities of color</li>
</ul>

REGN

Reported Saturday, Sanofi And Regeneron Present New Dupixent Results Highlighting Disease Severity Reduction In Patients With Darker Skin Tones

Casey's General Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) will release its fourth-quarter financial results after the <a href="https://www.benzinga.com/quote/CASY/earnings">closing bell on Monday, June 9.</a>
Analysts expect the company to report quarterly earnings at $1.95 per share, down from $2.34 per share in the year-ago period. Casey's projects quarterly revenue of $3.95 billion, compared to $3.6 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 20, the company said third-quarter revenue of $3.90 billion beat the consensus of $3.73 billion.
Casey&#8217;s shares fell 0.4% to close at $444.04 on Friday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/CASY/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Keybanc analyst Bradley Thomas initiated coverage on the stock with an Overweight rating and a price target of $500 on April 11, 2025. This analyst has an accuracy rate of 77%.</li>
<li>BMO Capital analyst Kelly Bania reinstated a Market Perform rating and boosted the price target from $400 to $450 on Dec. 18, 2024. This analyst has an accuracy rate of 68%.</li>
<li>Deutsche Bank analyst Krisztina Katai maintained a Buy rating and raised the price target from $451 to $454 on Nov. 6, 2024. This analyst has an accuracy rate of 64%.</li>
<li>Gordon Haskett analyst Chuck Grom initiated coverage on the stock with a Hold rating and a price target of $400 on Nov. 4, 2024. This analyst has an accuracy rate of 62%.</li>
<li>Benchmark analyst John Lawrence reiterated a Buy rating and a price target of $410 on Sept. 10, 2024. This analyst has an accuracy rate of 61%</li>
</ul>
Considering buying CASY stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/CASY/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="618" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09024708/image-109-1024x618.png" alt="" class="wp-image-942715" style="width:643px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09024708/image-109-1024x618.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09024708/image-109-300x181.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09024708/image-109-768x463.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09024708/image-109.png 1102w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45811726/cramer-says-hes-not-going-to-really-want-to-do-a-lot-of-china-right-now">Cramer Says He&#8217;s &#8216;Not Going To Really Want To Do A Lot Of China Right Now&#8217;</a> </li>
</ul>
Photo via Shutterstock

Earnings

Price Target

Analyst Ratings

Trading Ideas

Casey's Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is expected to highlight its artificial intelligence strategy at WWDC 2025, but according to top analyst Ming-Chi Kuo, <a href="https://www.benzinga.com/markets/tech/25/06/45787471/apples-wwdc-2025-when-how-to-watch-the-keynote-and-what-to-expect">no breakthroughs</a> are anticipated, although the company can still meet market expectations.
What Happened: On Monday, Kuo, an analyst at TF Securities, took to X, formerly Twitter and shared three key points to watch out for at Apple WWDC 2025.
He explained Apple's focus at WWDC 2025 will be on AI advancements, while other updates like UI changes and OS improvements will take a secondary role.
Kuo stated that Apple is not expected to unveil any major breakthroughs in AI technology during the event.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45830549/pierre-ferragu-takes-apple-to-task-for-dismissing-the-ai-revolution-has-its-head-in-the-sand">Pierre Ferragu Takes Apple To Task For Dismissing The AI Revolution: &#8216;Has Its Head In The Sand&#8217;</a>
However, with <a href="https://www.benzinga.com/news/25/06/45788605/apple-has-at-least-two-years-before-losing-customers-despite-its-several-ai-missteps-says-gene-munst">low market expectations</a>, Apple could still meet them by clearly explaining how AI will work across its devices and offering a roadmap for its future development.
&#8220;No major breakthroughs in Apple&#8217;s AI technology are expected,&#8221; he stated, adding, &#8220;Still, with the market&#8217;s limited expectations, Apple can meet them by clearly explaining how AI features will work on devices and outlining a development timeline.&#8221;
Kuo also pointed out that <a href="https://www.benzinga.com/news/24/06/39228141/apple-intelligence-what-to-expect-from-tim-cooks-wwdc-plans-for-bringing-ai-to-iphone-ipad-and-mac">Apple's AI announcements in the past year</a> were optimistic but were met with a lack of significant AI rollouts.
He said that while Apple's hardware and chip development can support AI services, the company has <a href="https://www.benzinga.com/markets/tech/25/06/45830549/pierre-ferragu-takes-apple-to-task-for-dismissing-the-ai-revolution-has-its-head-in-the-sand">yet to differentiate itself in the AI space</a>, and there is no guarantee of a competitive advantage just because of its hardware.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Three Key Points to Watch at Apple WWDC 2025 1. Apple's AI strategy takes center stage, with updates like UI changes and OS improvements playing a secondary role. 2. No major breakthroughs in Apple&#39;s AI technology are expected. Still, with the market&#39;s limited expectations,…
&mdash; 郭明錤 (Ming-Chi Kuo) (@mingchikuo) <a href="https://twitter.com/mingchikuo/status/1931935292770091496?ref_src=twsrc%5Etfw">June 9, 2025</a></blockquote>
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Why It's Important: Apple's AI plans are under significant scrutiny, as the company <a href="https://www.benzinga.com/news/topics/25/06/45712700/apples-ai-struggles-to-keep-pace-with-rivals-ahead-of-wwdc-2025">attempts to catch up with</a> rivals like OpenAI, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google.
Though WWDC typically focuses on software, previously it was reported that Apple may <a href="https://www.benzinga.com/markets/tech/25/06/45826757/apple-may-launch-new-hardware-at-wwdc-2025-mac-pro-homepad-airtag-2-expected">unveil three hardware products</a> this year: a redesigned Mac Pro featuring Apple Silicon, a new ‘HomePad' smart display possibly linked to a new homeOS and an updated AirTag 2.
WWDC 2025 marks Apple's final major event ahead of the iPhone 17 launch this fall, making it a likely opportunity for hardware reveals. The event runs from June 9 to 13, with the keynote livestream scheduled for June 9 at 1 p.m. ET.
Price Action: Apple shares have fallen 16.37% so far this year, though they have climbed 140.76% over the past five years, according to <a href="http://pro.benzinga.com/">data from Benzinga Pro</a>.
Benzinga's Edge Stock Rankings show a downward price trend for Apple across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional 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/2025/06/09021705/Screenshot-2025-06-09-at-10.18.46%E2%80%AFAM-1.png" alt="" class="wp-image-942669" /></a></figure>
Photo Courtesy: Lester Balajadia on Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/large-cap/25/06/45770679/alibaba-jd-see-sales-soar-in-618-festival-apple-and-xiaomi-emerge-as-top-selling-brands" target="_blank" rel="noreferrer noopener">Alibaba, JD See Sales Soar In 618 Festival, Apple And Xiaomi Emerge As Top Selling Brands</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

AAPL

MSFT

WWDC 2025 Not Expected To Have Any Major AI Breakthroughs, But Apple Analyst Says Watch Out For These 3 Key Points

LQDT

Reported Sunday, Bentonville Renews Partnership With GovDeals, A Liquidity Services Marketplace, To Boost Surplus Property Sales Through Online Auctions

Michael Shaulov, CEO of digital asset infrastructure provider Fireblocks, asserted that cryptocurrency has crossed the &#8220;point of no return,&#8221; with increasing acceptance and impending regulation advancing its legitimacy.
What Happened:&nbsp;In an exclusive chat with Benzinga at the recently held Consensus 2025 event, Shaulov was optimistic of the cryptocurrency sector&#8217;s future, with more individuals and institutions jumping on the bandwagon.
&#8220;I think it&#8217;s pretty clear that it&#8217;s beyond the point of no return,&#8221; Shaulov stated. &#8220;The train left the station. I think more and more people are jumping on the train&#8221;
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He further said that the incoming regulation in the U.S., in whatever shape it takes, would only strengthen the reality of cryptocurrencies, offering ten times the properties, performance, speed and cost reduction compared to traditional financial systems.
See Also:&nbsp;<a href="https://benzinga.com/general/education/24/11/42125880/if-you-bought-1-worth-of-bitcoin-at-launch-heres-how-much-youd-have-today-2" target="_blank" rel="noreferrer noopener">If You Bought $1 Worth Of Bitcoin At Launch, Here&#8217;s How Much You&#8217;d Have Today</a>
Shaulov also shared findings from a recent survey that Fireblocks conducted across&nbsp;banks and payment&nbsp;companies. 
&#8220;There&#8217;s no skeptism anymore. 90% of them are either already working with stable coins or in pilots of stable coins or contemplating how they&#8217;re going to enter the space,&#8221; Shaulov revealed.
Why It Matters:&nbsp;Shaulov has been a long-standing cryptocurrency advocate. He previously referred to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as an <a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35142263/exclusive-fireblocks-ceo-calls-bitcoin-an-insurance-policy-against-government-collapse">&#8220;insurance instrument&#8221;</a> against potential government system collapses.
His optimistic outlook on the sector, particularly on stablecoins, comes amid the advancement of the <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45510057/senate-crypto-bill-passes-key-vote-genius-act-moves-toward-final-passage" target="_blank" rel="noreferrer noopener">GENIUS Act</a>, a proposed legislation aiming to establish the first U.S. regulatory framework for issuers of stablecoins like Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) and USD Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>). Sen.&nbsp;Cynthia Lummis&nbsp;(R-Wyo.) expressed confidence that the&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45763451/ja" target="_blank" rel="noreferrer noopener">bill would become law</a>&nbsp;by this week.
Meanwhile, stablecoin issuing company Circle Internet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>) <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45821941/circle-crcl-stock-surges-after-successful-ipo-debut-whats-going-on">recorded a blockbuster debut</a> last week, popping 168% on its first day. The stock opened at $69, more than double its $31 IPO price, giving the company an initial valuation of $6.9 billion.
However, former Goldman Sachs executive and Web3 entrepreneur Dom Kwok <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45830632/ex-goldman-executive-on-circles-168-ipo-spike-dont-rush-to-buy-stock-as-bankers-engineer-a-pop-cites-facebook-example">advised investors</a> not to rush and wait for the lockup period to end.
Circle joined other cryptocurrency-related stocks like Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) on Wall Street. Check out Benzinga Edge Stock Rankings score to see <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">how these stocks rank</a> in various metrics like Momentum, Growth and Quality.
Photo Courtesy: alfernec on Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://benzinga.com/crypto/cryptocurrency/25/06/45830251/elon-musks-political-party-to-launch-in-2025-odds-rise-on-polymarket-the-crypto-betting-mar" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Political Party To Launch In 2025? Odds Rise On Polymarket, The Crypto Betting Market Now Partnered With X</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Exclusives

$BTC

$USDC

$USDT

COIN

Crypto At 'Point Of No Return,' Says Fireblocks CEO And Here's Why He Is Confident About It

Despite the years of escalating trade, technology, and geopolitical tensions, historian and economist Niall Ferguson says that the United States and China remain entangled.
What Happened: Appearing on Bloomberg&#8217;s Wall Street Week on Saturday, alongside former Treasury Secretary Lawrence Summers, Ferguson used a term that he says he hasn&#8217;t used in a while, &#8220;Chimerica,&#8221; referring to the symbiotic relationship between the U.S. and China.
Ferguson, however, highlights the deeply asymmetrical nature of this relationship, which he had referred to as being &#8220;unsustainable&#8221; all the way back in 2007.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/45830286/ron-desantis-takes-a-dig-at-california-says-state-officials-living-in-a-leftist-information-bubble-amid-unrest-spring-break-crackdown-a-model-response-says-florida-governor">Ron Desantis Takes A Dig At California, Says State Officials Living In A &#8216;Leftist Information Bubble&#8217; Amid Unrest — Spring Break Crackdown A Model Response, Says Florida Governor</a>
&#8220;The U.S. does the importing, China does the exporting, the U.S. does the consuming, and China does the saving,&#8221; he says, referring to the argument he had made several decades ago, stating that &#8220;Chimerica&#8221; would eventually turn into Chimaera, a mythical fire-breathing monster that causes destruction.
&#8220;The interesting thing&#8221; about this, Ferguson notes, is that despite the increasing hostility between the two nations, the economic relationship between the two countries has been &#8220;extraordinarily persistent,&#8221; with the U.S. still importing enormous amounts from China.
&#8220;Somehow Chimerica and Cold War II seem capable of coexisting,&#8221; he says, at which point Summers weighs in to say that he likes to call this phenomenon &#8220;hostile codependence.&#8221;
Ferguson&#8217;s comments underscore a key challenge facing the Trump Administration, that even in the event of deglobalization, it&#8217;s hard to vie for a clean break. 
Why It Matters: The idea that the U.S. and China are <a href="https://www.benzinga.com/news/politics/25/06/45808431/xi-has-bowed-to-reality-says-china-analyst-urges-more-engagement-between-leaders-to-resolve-trade-issues-no-substitute-for-direct-negotiations-with-trump">economically bound</a> to each other is gaining traction fast, with leading China analysts such as Jeremy Chan saying last week that &#8220;Xi has bowed to reality,&#8221; and is thus looking for direct negotiations with President Donald Trump.
Chris Pereira of the American Ecosystem Institute <a href="https://www.benzinga.com/news/global/25/05/45337755/us-and-china-remain-deeply-economically-intertwined-and-complete-disengagement-would-be-mutually-damaging-says-chris-pereira">echoed similar views</a> when he told Benzinga last month that &#8220;the U.S. and China remain deeply economically intertwined,&#8221; and any forced disengagement would be &#8220;mutually damaging.&#8221;
Photo Courtesy: Tomas Ragina On Shutterstock.com
Read More:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/hedge-funds/25/06/45830443/bill-ackman-says-us-sitting-on-a-300-billion-gold-mine-with-freddie-mac-and-fannie-mae-but-the-governments-not-going-to-give-it-up">Bill Ackman Says US Sitting On A $300 Billion Gold Mine With Freddie Mac And Fannie Mae—But &#8216;The Government&#8217;s Not Going To Give It Up&#8217;</a></li>
</ul>

Government

Economics

Niall Ferguson Says US And China Locked In A 'Cold War' — Larry Summers Calls It 'Hostile Codependence'

STLA

Reported Sunday, Stellantis Brand Ram Returns To NASCAR After 13 Years With Bold 1500 Concept Truck And 'Ram-Demption' Campaign

Reported Sunday, BCI Acquires Minority Stake In Pinnacle Towers From KKR To Back Digital Infrastructure Growth In The Philippines

Melco Resorts & Entertainment Limited - American Depositary Shares

MLCO

Melco To Shut Down Grand Dragon Casino And Three Mocha Clubs By Year-End 2025 As Part Of Strategic Shift In Macau

Sanofi accelerates global shipping of Beyfortus to prepare healthcare providers months ahead of 2025-2026 RSV season

Sanofi And AstraZeneca Accelerate Global Rollout Of Beyfortus To Deliver Season-Long Respiratory Syncytial Virus Protection In Over 40 Countries

Wedbush Securities' managing director Dan Ives has reiterated his bullish views on Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) despite tense relations between U.S. President Donald Trump and CEO Elon Musk.
What Happened: "Trump/Musk going from BFFs to frenemies does not change our bullish view of the autonomous path looking forward," Ives said in a post on social media platform X on Sunday.
The Tesla bull then shared how he still expects President Trump to introduce a federal regulatory framework for autonomous driving in the country, something that CEO Musk has pushed for in the past.
<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">Trump/Musk going from BFFs to frenemies does not change our bullish view of the autonomous path looking forward. Trump we still expect to have green light regulatory federal framework for autonomous looking forward regardless of this feud. Musk driving Tesla's AI future &#x1f525;&#x1f3c6;&#x1f37f;&#x1f402;
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1931774968985264232?ref_src=twsrc%5Etfw">June 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Ives' views come in following Musk's outburst on the social media platform X, where he had criticized the president over his <a href="https://www.benzinga.com/news/25/05/45635854/elon-musk-disappointed-with-trumps-big-beautiful-bill-says-it-undermines-the-work-that-the-doge-team-is-doing">Big Beautiful Bill</a>, which subsequently led to Tesla <a href="https://www.benzinga.com/news/movers-shakers/25/06/45807280/elon-musk-bleeds-34-billion-as-tesla-shares-tank-14-amid-spat-with-trump-how-the-billionaires-fortune-has-fared-so-far-in-2025">losing over $153 billion</a> in market capitalization.
However, the feud could be <a href="https://www.benzinga.com/news/politics/25/06/45807968/trump-signals-truce-with-elon-musk-after-online-feud-its-going-very-well-never-done-better">headed for a truce </a>as signaled by Trump in an interview. "It's going very well, never done better," he said, hinting at a possible reconciliation between the two.
Elsewhere, Tesla will launch its robotaxi service in <a href="https://www.benzinga.com/tech/25/05/45662671/tesla-targets-june-12-for-robotaxi-launch-in-austin-elon-musk-says-company-ramped-up-fsd-testing-a-month-ahead-of-schedule">Austin on June 12</a>, with the company already having tested unsupervised FSD in the city ahead of schedule, according to Musk.
<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="202" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09012026/TSLA-JUN-9-20025-1024x202.jpg" alt="" class="wp-image-942629" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09012026/TSLA-JUN-9-20025-1024x202.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09012026/TSLA-JUN-9-20025-300x59.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09012026/TSLA-JUN-9-20025-768x152.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09012026/TSLA-JUN-9-20025-1536x303.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09012026/TSLA-JUN-9-20025.jpg 1561w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Photo courtesy: Ken Wolter / Shutterstock.com

TSLA

Dan Ives Remains Bullish On TSLA Stock Despite Trump, Elon Musk Feud, Expects Regulatory Framework For Robotaxis

Macro Economic Events

Econ #s

Reported Earlier, China Trade Balance (USD) For May 103.22B Vs. 101.10B Est.; 96.18B Prior

Reported Earlier, China Imports (YoY) For May -3.4% Vs. -0.9% Est.; -0.2% Prior

Reported Earlier, China Exports (YoY) For May 4.8% Vs. 5.0% Est.; 8.1% Prior

Reported Earlier, China Producer Price Index (YoY) For May -3.3% Vs. -3.1% Est.; -2.7% Prior

Press Releases

Avanos Medical, Inc. to Present at the UBS Healthcare Conference 2024

ON-Q* Elastomeric Infusion Pump and ambIT* Disposable Electronic Infusion Pump to Receive Separate Payment Under NOPAIN Act Starting January 1, 2025

Avanos Medical, Inc. to Present at the Stifel 2024 Healthcare Conference

Avanos Medical, Inc. to Present at the 43rd Annual J.P. Morgan Healthcare Conference

Avanos Medical, Inc. to Webcast Conference Call Discussing Fourth Quarter and Full Year 2024 Financial Results

Avanos Medical, Inc. Announces Fourth Quarter and Full-Year 2024 Results

Avanos Medical Announces Appointment of David Pacitti as Chief Executive Officer

Avanos Expands Direct Operations for MIC-KEY* Enteral Feeding Products in the UK starting July 2025

Avanos Medical, Inc. to Webcast Conference Call Discussing First Quarter 2025 Financial Results

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