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Aya Gold & Silver Inc is engaged in acquisition, exploration, evaluation, and development of mining properties. The company and its subsidiaries are at the development stage for its Zgounder project and exploration and evaluation stage for projects in Morocco. Company also owns a portfolio of exploration projects located along the prospective South-Atlas Fault in Morocco comprised of the Zgounder Regional, Boumadine, Tirzzit, Imiter-bis, Azegour and Amimiz properties and, the Tijirit Gold Project located in Mauritania.

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Pavel Durov, the CEO and co-founder of messaging platform&nbsp;Telegram, has announced that his vast fortune will be inherited by his numerous offspring.
What Happened: In an interview with the French outlet Le Point, Durov said that his 100-plus children will be the beneficiaries of his multi-billion dollar estate.
Durov, who is officially recognized as the father&nbsp;of six children from three&nbsp;different partners, has also fathered over 100 children across 12 countries via sperm donation. During the interview he <a href="https://www.lepoint.fr/high-tech-internet/exclusive-pavel-durov-on-his-arrest-in-france-macron-russia-the-fbi-and-the-fight-for-telegram-19-06-2025-2592412_47.php#11">said</a>,&nbsp;&#8220;They are all my children&nbsp;and will all have the&nbsp;same rights. I don&#8217;t want&nbsp;them to tear each other&nbsp;apart after my death.&#8221;
The Russian entrepreneur, whose net worth is estimated at nearly $14 billion, recently drafted his will, stipulating that his children would not gain access to his wealth until three decades from now.&nbsp;
&#8220;I want them to live&nbsp;like normal people, to build&nbsp;themselves up alone, to learn&nbsp;to trust themselves, to be&nbsp;able to create, not to&nbsp;be dependent on a bank&nbsp;account,&#8221; Durov added.
Also Read: <a href="https://www.benzinga.com/news/social-media/25/05/45710748/ex-says-musk-told-her-he-fathered-child-with-japanese-pop-star-said-he-would-give-sperm-to-anyone-who-wanted-it">Ex Says Musk Told Her He Fathered Child With Japanese Pop Star, Said He Would Give Sperm To Anyone Who Wanted It</a>
&#8220;I wrote my will very recently. I have decided that my children would not have access to my fortune until a period of 30 years has elapsed, starting from today,&#8221; he said. 
Durov, who founded Telegram in 2013, was apprehended by French authorities last year on allegations of aiding in criminal activity via Telegram, charges he has persistently refuted. Despite these accusations, he continues to helm the messaging platform, which claims around&nbsp;1 billion active users globally.
Why It Matters: Durov&#8217;s decision to distribute his wealth among his numerous offspring is a unique approach to inheritance, particularly given the vast number of children involved. 
His desire for his children to live &#8220;normal&#8221; lives and not be dependent on his fortune reflects his belief in self-reliance and personal development. This move also ensures that his wealth will be distributed evenly, potentially avoiding future family disputes over inheritance.
Despite the controversy surrounding his arrest, Durov remains a significant figure in the tech industry, with Telegram continuing to be a major player in the messaging platform market. 
His decision regarding his fortune may have implications for his children&#8217;s future involvement in the company and the tech industry at large.
Read Next
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Image: Shutterstock/Muhammad Raid Ahyan 2105

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Telegram CEO Pavel Durov To Leave His $13.9 Billion Fortune to His 100+ Children

Billionaire Elon Musk is worth <a href="https://www.benzinga.com/news/25/06/45932793/elon-musk-net-worth-down-64-billion-in-2025-but-tesla-ceo-still-richer-than-value-of-ford-general-mo">more than $350 billion</a>, giving the Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO the opportunity to buy nearly anything he wants.
While Musk doesn't own any yachts or multiple houses anymore, the billionaire had no problem spending $1 million to buy a famous movie car back in 2013.
What Happened:&nbsp;One of the most expensive personal items ever purchased is the car from the James Bond movie "The Spy Who Loved Me," which he bought in 2013 for&nbsp;<a href="https://www.benzinga.com/news/23/04/31727712/5-of-the-craziest-things-elon-musk-has-spent-his-money-on" target="_blank" rel="noreferrer noopener">nearly one million dollars</a>.
In the 1977 movie, which stars&nbsp;Roger Moore&nbsp;as Bond, a sports car that can transform into a submarine and fire missiles underwater is featured. The vehicle was nicknamed "Wet Nellie" and saw a marine engineering firm convert it into a functional submarine. A retired U.S. Navy SEAL in full scuba gear helped perform the underwater scenes in the movie.
While buying the famous vehicle might be a crazy story for Musk, it's an even crazier story for the couple that once owned it.
A couple from New York purchased an unclaimed storage unit for $100 in 1989 via a blind auction, which means unlike the storage unit auctions you may have seen on TV, the bidders couldn't see what was inside or even open the door.
As reported by&nbsp;<a href="https://www.cnbc.com/2019/12/01/couple-paid-100-for-car-elon-musk-bought-it-from-them-for-6-figures.html" target="_blank" rel="noreferrer noopener">CNBC</a>, the couple found the 1976 Lotus Espirit sports car when they opened the unit after winning. Surprisingly enough, the couple had never watched a James Bond movie.
"They really didn't know what it was," Ian Fleming Foundation Co-Founder&nbsp;Doug Redenius&nbsp;told NBC in 2013. Redenius helped authenticate the car for the couple, who ran a construction tool renting business at the time.
"They had no idea how valuable their discovery was."
According to the story, the couple loaded the car onto a truck and while driving it home were told several times by truckers via CB radio that it was a James Bond car that they were hauling. The discovery led to the husband going out and renting the Bond film on VHS to see the car in the movie.
The couple "cosmetically restored" the vehicle and featured it in exhibits before deciding to part ways and put it up for auction in 2013.
The car purchased by Musk is one of eight that was used during the filming of the 1977 film, but is the only one that was used in the underwater scenes. After filming, the car went into a storage unit.
Musk bought the vehicle anonymously in a 2013 auction with RM Sotheby's. The purchase price was $997,000 for the James Bond car.
It was later revealed that Musk was the buyer of the vehicle.
Are you buying when the CEOs of the Magnificent 7 are selling?
<ul class="wp-block-list">
<li>Stay in the know with our Insider Trades page — <a href="https://www.benzinga.com/sec/insider-trades/">see when leaders like Mark Zuckerberg, Elon Musk, and Jensen Huang are offloading their own shares.</a></li>
</ul>
Musk a Fan Of James Bond:&nbsp;Musk has said in interviews that he was a fan of James Bond movies, particularly "The Spy Who Loved Me."
"It was amazing as a little kid in South Africa to watch James Bond in ‘The Spy Who Loved Me' drive his Lotus Espirit off a pier, press a button and have it transform into a submarine understeer," Musk said previously.
In a 2013 interview, Musk said that he was disappointed the James Bond car he bought didn't actually transform.
"What I'm going to do is upgrade it with a Tesla electric powertrain and try to make it transform for real."
Tesla&nbsp;investors and customers may be familiar with the design of the vehicle featured in the James Bond movie. Musk has called the vehicle a major inspiration for the highly anticipated Tesla Cybertruck electric pickup truck.
"Cybertruck design influenced partly by The Spy Who Loved Me," Musk&nbsp;<a href="https://twitter.com/elonmusk/status/1197638937109336066" target="_blank" rel="noreferrer noopener">tweeted&nbsp;</a>in 2019.
Along with being influenced by The Spy Who Loved Me, the Cybertruck design was also inspired by the "Blade Runner" film.
&#8220;I specifically wanted to make something that looks like the future,&#8221; Musk <a href="https://www.benzinga.com/news/23/12/36104426/elon-musk-wanted-to-make-a-vehicle-for-the-future-one-that-blade-runner-would-drive">said in an interview</a>. &#8220;What car would Blade Runner drive?&#8221;
Musk has&nbsp;<a href="https://twitter.com/elonmusk/status/1252098355062173696" target="_blank" rel="noreferrer noopener">teased&nbsp;</a>for years that the Cybertruck would be able to drive through water, a reference to the underwater capabilities of "Wet Nellie."
It&#8217;s hard to believe that a $100 storage unit purchase by a couple in 1989 led to a one million dollar payday, and also may have played a hand in the design of the Cybertruck.&nbsp;
While the Cybertruck may not live up to Musk's once lofty expectations based on current demand trends, the unique vehicle design will likely be talked about for decades.
Read Next: 
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</ul>
&nbsp;This article was previously published by Benzinga and has been updated.
Photo: Shutterstock

Entertainment

Education

TSLA

Elon Musk Paid $1M For A James Bond Car — It Was Found In A $100 Storage Unit

Mark Cuban didn't always own NBA teams and billion-dollar businesses. Long before the Dallas Mavericks, long before &#8220;Shark Tank,&#8221; he was just a kid growing up in Pittsburgh, watching his dad grind out 60-hour weeks <a href="https://www.benzinga.com/news/24/02/37384456/mark-cuban-credits-fathers-wisdom-for-billion-dollar-success-story-his-job-didnt-have-a-future">upholstering car seats</a>.
<h2 class="wp-block-heading">A Life-Changing Milestone</h2>
Cuban still remembers the moment he told his dad Norton that he had made $100,000 in a single year. &#8220;He cried,&#8221; Cuban said in a 2019 <a href="https://www.youtube.com/watch?v=JMnrZWXID_s">interview</a> on &#8220;The Dan Patrick Show.&#8221; &#8220;He did upholstery on cars and I don&#8217;t think he ever made more than $40,000 in a year.&#8221;
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The money wasn't just a number. For Cuban, it meant freedom. For his father, it was pride. "It wasn't so much that it was hard for him," Cuban added. "But we would go out to dinner and he would still pull out the credit card. Even when it was my credit card, he gave me a death stare, like, &#8216;Don&#8217;t even think about paying.'&#8221;
<h2 class="wp-block-heading">The Lesson That Shaped His Life</h2>
Cuban also credits his work ethic and values to his dad, who gave him a key piece of advice when he was 14: &#8220;Time is your most valuable asset.&#8221;
&#8220;His time was never his own,&#8221; Cuban told <a href="https://www.cnbc.com/2024/02/28/mark-cuban-built-his-career-using-advice-his-dad-gave-him-at-age-14.html">CNBC</a> last year. &#8220;He wanted me to create my own path.&#8221;
That mindset pushed Cuban to chase independence over a high-paying job. He wanted to control his schedule and never answer to anyone else.&nbsp;
Cuban started <a href="https://www.benzinga.com/personal-finance/24/06/39440861/mark-cuban-began-his-millions-selling-garbage-bags-for-6-the-worlds-first-garbage-bag-door-to-do">selling trash bags</a> door to door at age 12, then stamps and coins. In college, he taught disco lessons for $25 an hour and opened a bar using the money from side hustles. His first big win came when he <a href="https://www.benzinga.com/news/24/12/42638290/mark-cubans-wealth-journey-i-want-to-live-off-this-for-a-long-time">sold MicroSolutions for $6 million</a> in 1990. Less than a decade later, Yahoo acquired his next company, <a href="https://www.benzinga.com/general/education/24/10/41234173/how-mark-cuban-turned-broadcast-com-into-5-7b-sale-we-were-the-youtube-of-our-day">Broadcast.com, for $5.7 billion</a>.
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
<h2 class="wp-block-heading">Still Just Dad</h2>
Despite the success, Cuban says some things never changed. His dad moved to Dallas after Mark <a href="https://www.benzinga.com/news/25/03/44571779/mark-cubans-big-revelation-says-he-lost-hundreds-of-millions-owning-the-dallas-mavericks">bought the Mavericks</a>, but kept his same humble approach. &#8220;I couldn&#8217;t get him to retire, and finally that was kind of the impetus for him to retire and come down to Dallas and live and just hang out and go to Mavs games,&#8221; Cuban said.&nbsp;
He never gave his dad one big gift. Instead, he gave him the option to go anywhere in the world. His dad took full advantage, cruising across the globe and collecting friends along the way. &#8220;I&#8217;d get emails from random people who met my dad on cruises,&#8221; Cuban told Patrick.
And at home? Cuban might be a billionaire, but to his kids, he&#8217;s still just Dad. &#8220;One of my daughters says, &#8216;You don't know anything about business, Dad,'&#8221; Cuban joked on Theo Von&#8216;s <a href="https://www.youtube.com/watch?v=fiK6IWhDbWU">podcast</a> last year.&nbsp;
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Image: Shutterstock

News

When Mark Cuban Hit $100,000, He Told His Dad, Who'd Never Earned Even Half That. 'He Just Started Crying'

President Donald Trump has publicly contradicted Director of National Intelligence, Tulsi Gabbard amid reports suggesting Gabbard&#8217;s influence within Trump&#8217;s administration is declining.
What Happened: Trump dismissed Gabbard during a press briefing on Friday. When asked about intelligence supporting a potential strike on Iran, to which Trump replied that Iran had accumulated &#8220;a tremendous amount of nuclear material.&#8221;
As reported <a href="https://www.foxnews.com/politics/shes-wrong-trump-says-tulsi-gabbard-incorrect-about-iran-not-having-nuclear-weapon-capabilities">by</a> Fox News, when told that his intelligence team had said that Iran is not close to achieving a nuclear weapon, Trump retorted, &#8220;Well, then my intelligence community is wrong. Who in the intelligence community said that?&#8221; Upon reporter&#8217;s mention of Gabbard, Trump&#8217;s response was a curt, &#8220;She&#8217;s wrong.&#8221;
Also Read: <a href="https://www.benzinga.com/news/25/02/43758634/mary-trump-warns-dni-gabbard-could-lead-to-catastrophic-outcome-a-known-russian-asset-defender-of-murderous-dictator-assad">Mary Trump Warns DNI Gabbard Could Lead To &#8216;Catastrophic Outcome&#8217;: &#8216;A Known Russian Asset,&#8217; Defender of &#8216;Murderous Dictator&#8217; Assad</a>
This public disagreement follows a recent media report that Gabbard&#8217;s influence within the administration was on the decline. This was after Gabbard released a video warning about the potential for nuclear annihilation, which reportedly upset Trump.
Despite the public disagreement, Vice President&nbsp;JD Vance&nbsp;voiced his support for Gabbard, characterizing her as a &#8220;veteran, a patriot, a loyal&nbsp;supporter of President Trump, and&nbsp;a critical part of the&nbsp;coalition he built in 2024.&#8221;
Why It Matters: The public contradiction of Gabbard by President Trump raises questions about the stability within the administration and the potential impact on national security. 
Gabbard&#8217;s diminishing influence could lead to a shift in the administration&#8217;s approach to intelligence and foreign policy. As a key figure in Trump&#8217;s 2024 coalition, Gabbard&#8217;s potential sidelining could also have political implications.
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Image: Shutterstock/Maxim Elramsisy

Trump Publicly Contradicts DNI Gabbard's Claim That Iran Lacks Nuclear Capabilities: 'She's Wrong'

When a small business owner called into Dave Ramsey&#8216;s &#8220;<a href="https://www.youtube.com/watch?v=BBqXJvG4QEM">EntreLeadership</a>&#8221; podcast recently, she didn't talk about marketing, sales, or profits—she asked for help dealing with something more personal: what to do when too many employees are out for weeks at a time due to illness or family emergencies.&nbsp;
<h2 class="wp-block-heading">Ramsey: &#8216;Grace Can Only Go As Far As the Math Allows&#8217;</h2>
With nine employees and around $700,000 in annual revenue, the specialty retail and race timing business owner told Ramsey she&#8217;s struggling with multiple extended employee absences.
&#8220;It&#8217;d be one thing if it were one person, but it&#8217;s multiple,&#8221; the owner said. &#8220;And I&#8217;m just a small retail store.&#8221;
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Ramsey, who has run businesses of all sizes, told her, &#8220;At your size, you can only absorb so much of it in the name of grace. And then you can&#8217;t continue to absorb it all because you won&#8217;t have the money to pay the people that are there because the work&#8217;s not getting done.&#8221;
He sympathized with her desire to be kind and flexible, but said <a href="https://www.benzinga.com/news/topics/25/06/45829838/a-22-year-old-ceo-asks-dave-ramsey-what-to-do-about-an-employee-asking-for-ownership-his-advice-after-a-sincere-laugh-hit-the-road-jack">the numbers don't lie</a>. &#8220;My grace can only go as far as the math allows it.&#8221;
Ramsey explained that in his own company, they sometimes pay employees out on <a href="https://www.benzinga.com/personal-finance/24/12/42728529/suze-orman-warns-medicare-doesnt-cover-everything-why-you-need-2000-for-drugs-and-1676-for-hospital-costs-in-2025">extended medical leave</a>, but that luxury comes with scale. &#8220;When I was your size, I couldn&#8217;t do that. I didn&#8217;t have the money to do that.&#8221;
The small business owner clarified that her team members aren't lazy. &#8220;None of them I would look at and go, &#8216;Oh, you&#8217;re slacking.'&#8221;
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Still, Ramsey didn't pull punches. &#8220;Corporate America will <a href="https://www.benzinga.com/markets/tech/25/06/45810135/walmart-microsoft-disney-slash-jobs-as-trump-tariffs-ai-push-corporate-america-into-layoff-mode">fire their butt</a> with no feelings,&#8221; he said. &#8220;At least you got feelings.&#8221;
&#8220;Welcome to leadership. Sometimes it&#8217;s hard&#8230; because small business people like you and me, we care about folks, we don&#8217;t just cut their throat,&#8221; Ramsey noted.
He recommended setting a clear policy: allow three weeks of PTO, and then no more than one month unpaid. Beyond that, the position likely needs to be filled.
&#8220;You&#8217;re just never here, so we probably ought to call it out loud and say that,&#8221; he said. &#8220;I feel bad for you, but I also can&#8217;t go on not getting this work done.&#8221;
See Also: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.
Ramsey said leaders can make exceptions when they feel truly called to support someone long-term, but added, &#8220;That&#8217;s a rare exception.&#8221;
His closing reminder: &#8220;The good of the whole outweighs the good of the one. When you can&#8217;t afford to do it, you can&#8217;t afford to do it. That's not evil, it&#8217;s just the stage of business you&#8217;re at. I&#8217;d like to tell you it gets easier. It gets more complicated, is all it gets from here.&#8221;
Read Next: The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?
Image: Shutterstock

A Small Store Owner Struggles As Staff Constantly Call Out Sick Or Care For Family. Dave Ramsey Says Corporate America Would Just Fire Them

Donald Trump Jr. has joined billionaire entrepreneur Mark Cuban in publicly voicing disapproval of Sen. Elizabeth Warren (D-Mass.)&#8217;s approach to healthcare pricing.
Despite their political differences, Trump Jr. and Cuban found a common point of contention in Warren&#8217;s healthcare pricing strategy. They criticized the senator for not addressing&nbsp;the role of pharmacy benefit&nbsp;managers (PBMs) in escalating drug costs.
Warren had previously argued&nbsp;that the tax system was&nbsp;&#8220;rigged&#8221;&nbsp;because large pharmaceutical companies like&nbsp;Johnson &amp; Johnson&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) often escape federal taxes while charging exorbitant prices for their drugs. 
She wrote on X saying that the "highest drug prices in the WORLD while often paying ZERO dollars in federal taxes themselves."
<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">Big Pharma companies like Johnson &amp; Johnson and Pfizer charge Americans the highest drug prices in the WORLD while often paying ZERO dollars in federal taxes themselves. Why? Because our tax system is rigged. Now, Republicans want to make it worse. I&#39;m fighting back. <a href="https://t.co/k7dFrXBneX">pic.twitter.com/k7dFrXBneX</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1935443373487440373?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Cuban countered this by stating that PBMs, not pharmaceutical companies, are the ones controlling and manipulating drug pricing.
Also Read: <a href="https://www.benzinga.com/news/25/01/43245984/cuban-on-musk-i-have-no-problem-throwing-elon-under-the-bus-but-ill-save-it-for-when-its-truly-deser">Cuban on Musk: &#8216;I Have No Problem Throwing Elon Under the Bus, but I&#8217;ll Save It for When It&#8217;s Truly Deserved&#8217;</a>
Trump Jr. publicly supported Cuban&#8217;s viewpoint on X, despite Cuban&#8217;s well-known opposition to President Trump. This unexpected agreement highlights the growing concern over the role of PBMs in healthcare pricing.
<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">Didn't think I'd be RTing Mark for a while, but he's 100% right on this issue. <a href="https://t.co/ofraK5IFQk">https://t.co/ofraK5IFQk</a>
&mdash; Donald Trump Jr. (@DonaldJTrumpJr) <a href="https://twitter.com/DonaldJTrumpJr/status/1935817600891601345?ref_src=twsrc%5Etfw">June 19, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
PBMs have been facing increasing scrutiny from federal regulators and lawmakers due to their influence on healthcare pricing. 
In 2020, the Federal Trade Commission released a report criticizing PBMs for imposing unfair terms on independent pharmacies, thereby favoring large corporate pharmacies like&nbsp;CVS&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>).
The public criticism from Trump Jr. and Cuban underscores the growing debate over the role of PBMs in healthcare pricing. 
Warren&#8217;s focus on pharmaceutical companies, while not entirely misplaced, overlooks the significant influence of PBMs in determining drug prices.
The Federal Trade Commission&#8217;s report from last year further highlights the need for regulatory scrutiny of PBMs. As the debate continues, it remains to be seen how lawmakers will address the issue of healthcare pricing and the role of PBMs in the future.
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Image: Shutterstock/lev radin

Politics

Markets

Donald Trump Jr. Joins Mark Cuban In Slamming Elizabeth Warren on Healthcare Pricing

If you're working hard just to scrape by, Sen. Bernie Sanders (I-VT) says it's not just draining — it could be deadly.
According to a <a href="https://www.sanders.senate.gov/press-releases/new-report-working-class-americans-can-expect-to-die-at-least-7-years-earlier-than-the-wealthy/">Senate report released by Sanders</a> in March, the wealth gap in America isn't just about who can afford nicer things. It's about who lives longer. And the answer, Sanders says, is simple: "In America today, the bottom 50% of our population can expect to live seven years shorter lives than the top 1%."
It gets worse for rural, working-class Americans. In some parts of the country, the difference in life expectancy stretches to a full 10 years — with some counties facing a 15-year gap between the rich and poor. "Even worse," Sanders said, "Americans who live in working-class, rural counties can expect to die 10 years younger than people who live in wealthier neighborhoods across the country."
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The reason? "The <a href="https://www.benzinga.com/personal-finance/25/01/42914736/bernie-sanders-pushes-for-32-hour-work-weeks-with-no-pay-loss-it-is-time-to-reduce-the-stress-level-in-our-country">enormous stress</a> of living paycheck to paycheck," Sanders said, "not only causes far too many Americans to die much quicker than they should, but also leads to higher levels of anxiety, depression, cardiovascular disease and poor health."
The report shows that people living in the highest-income counties live over 84 years on average. In the poorest half of counties, life expectancy drops to 77.4. In rural areas where the median income is around $30,000, people are expected to live to just 71.7. Meanwhile, <a href="https://www.benzinga.com/personal-finance/24/11/41703390/are-you-richer-or-poorer-than-your-peers-heres-a-look-at-the-average-net-worth-for-your-income">people in suburban counties making over $100,000</a> often reach 81.6.
To put that in perspective: In Loudoun County, Virginia, life expectancy is 84. Just a few hours away in McDowell County, West Virginia, it's 69.
Sanders said he asked Americans on social media how <a href="https://www.benzinga.com/markets/tech/25/06/45968055/bernie-sanders-says-ai-boom-must-serve-working-families-not-billionaires-calls-for-shorter-work-week-higher-quality-of-life">stress from low wages and high costs</a> was impacting their lives. The responses poured in — and some were devastating.
Trending: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. <a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment">Back a bold new approach to cancer treatment with high-growth potential.</a>
Edwardo from Texas wrote, "We struggle to get sleep. Our diets fluctuate, and we get sick from spoiled food from the donation pantry. Working long hours, I was recently injured and am struggling, unable to pay for care to help heal."
Caitlan from Colorado shared, "Stress isn't just an inconvenience for me — it's a direct threat to my heart. Living with a congenital heart defect and multiple mechanical valves means that every surge of anxiety, every sleepless night worrying about bills, isn't just mentally exhausting — it physically wears on my heart."
Sanders says these aren't outliers — they reflect a system that punishes people for being poor. His recommendations include:
<ul class="wp-block-list">
<li>Raising the minimum wage to at least $17 per hour </li>
<li>Enacting Medicare for All to guarantee health care</li>
<li>Providing paid family and medical leave</li>
<li>Expanding Social Security and restoring pensions</li>
<li>Making education accessible regardless of income or ZIP code</li>
</ul>
See Also: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
"In the richest country in the history of the world, it is absolutely unacceptable that so many Americans are seeing their lives cut short because they don't have enough money," Sanders said. "This is an issue that Congress must address."
A 2022 systematic review published in the <a href="https://pmc.ncbi.nlm.nih.gov/articles/PMC8863240/">National Library of Medicine</a> analyzed 40 studies, including many from the U.S., and found a consistent link between financial stress and depression. Americans facing debt, low income, or trouble affording basic needs were significantly more likely to experience depressive symptoms — especially those in lower-income households.&nbsp;
The message is clear: If you're middle class and barely hanging on, you're not just working your life away — you might be working it shorter, too.
Read Next: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
Image: Shutterstock

Personal Finance

Bernie Sanders Says Working-Class Americans Die 10 Years Earlier Than the Rich — Blames 'Enormous Stress of Living Paycheck to Paycheck'

Elon Musk has leveled a public accusation against Sergio Gor, a senior aide to President Donald Trump, <a href="https://www.benzinga.com/news/politics/25/06/45827968/trump-vs-musk-betting-markets-anticipate-next-move-in-musk-trump-feud-predict-low-chances-of-musk-forming-political-party">alleging a federal crime</a>.
What Happened: Musk asserts that Gor, currently serving as the director of the presidential personnel office, falsified his birthplace on federal forms, a misstep Musk labels as a &#8220;serious crime.&#8221;
This accusation surfaces amidst a growing dispute between Musk and Gor, which Musk suggests has strained his relationship with President Trump.
The allegations from Musk were triggered by a series of social media posts by race car driver Igor Sushko, who labeled Gor as a &#8220;Russian spy.&#8221; Sushko had disseminated a New York Post story that cast doubt on Gor&#8217;s birthplace, among other articles.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">He deliberately lied about where he was born on Federal forms. That's a serious crime.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1936106956634439911?ref_src=twsrc%5Etfw">June 20, 2025</a></blockquote>
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At the heart of Musk&#8217;s allegation is his claim that Gor neglected to fill out his own SF-86, a vital vetting form needed for U.S security clearance. 
Also Read: <a href="https://www.benzinga.com/news/politics/25/06/45829416/trump-allegedly-calling-people-to-claim-elon-musk-has-serious-drug-problem-big-time-drug-addict">Trump Allegedly Calling People To Claim Elon Musk Has Serious Drug Problem: &#8216;Big-Time Drug Addict&#8217;</a>
This is despite Gor&#8217;s responsibility in&nbsp;vetting thousands of executive branch&nbsp;employees. The White House, however, maintains that Gor has completed the form and possesses the necessary clearance.
The conflict between Musk and Gor has been intensifying since Gor allegedly swayed Trump to retract the nomination of Musk&#8217;s friend, Jared Isaacman, for a leadership position at NASA. This event reportedly led to a rift between Musk and Trump, which has been under the public eye.
Why It Matters: The ongoing feud between Musk and Gor has significant implications, particularly considering Musk&#8217;s influential role in the tech industry and Gor&#8217;s position within the Trump administration. 
The fallout between Musk and Trump could potentially impact future collaborations between Musk&#8217;s companies and the federal government. 
Furthermore, the allegations against Gor, if proven true, could lead to serious legal consequences and shake up the current administration.
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Image: Shutterstock

Elon Musk Levels Federal Crime Accusation Against Trump Aide Sergio Gor

Steve Jobs once argued the greatest innovators are "both the thinker and doer in one person," invoking Leonardo da Vinci to prove that creativity and execution rarely succeed apart.
What Happened: Addressing engineers in the early 1990s, the Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPL#NASDAQ">APPL</a>) co-founder <a href="https://allaboutstevejobs.com/videos/misc/future_of_pc_1990">said</a>, "The doers are the major thinkers. … Did Leonardo have a guy off to the side thinking five years out what he would paint? Of course not. Leonardo was the artist, but he also mixed all his own paints."
Jobs's point is that discovery flows from hands-on mastery. "It's very easy to take credit for thinking," he said. "Dig a little deeper and you find the people who really did it were also the people that worked through the hard intellectual problems as well."
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Veteran biographers note Jobs <a href="https://www.goodreads.com/quotes/629614-i-ve-never-believed-that-they-re-separate-leonardo-da-vinci-was">often cited</a> Renaissance polymaths to justify Apple's marriage of hardware, software and design.
See also: <a href="https://www.benzinga.com/markets/tech/25/06/46020016/pavel-durovs-100-plus-children-wont-see-a-cent-of-his-fortune-until-2055-heres-what-the-telegram-ceo-plans-to-do-with-his-estate">Pavel Durov&#8217;s 100-Plus Children Won&#8217;t See A Cent Of His Fortune Until 2055, Here&#8217;s What The Telegram CEO Plans To Do With His Estate</a>
Why It Matters: The thinker-doer thesis now frames a broader debate over when entrepreneurs hit their stride. Census Bureau data <a href="https://insight.kellogg.northwestern.edu/article/younger-older-tech-entrepreneurs">show</a> founders aged 40-plus are likelier to build high-growth firms than their twenty-something peers, a pattern <a href="https://www.benzinga.com/real-estate/23/01/30386966/amid-fears-of-a-recession-whats-been-driving-demand-for-multifamily-real-estate">echoed</a> by late-blooming icons such as Ray Kroc at McDonald's Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) and Sam Walton at Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>).
The gap reflects years spent &#8220;doing,&#8221; honing skills and spotting problems first-hand before leaping to &#8220;think&#8221; up solutions.
Modern CEOs frequently echo Jobs. Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Elon Musk reposted the quote last year with a <a href="https://www.benzinga.com/news/24/06/39393059/elon-musk-agrees-with-legendary-apple-co-founder-steve-jobs-on-thinker-doers-the-doers-are-the-major">one-word endorsement</a>: "True." Venture capitalist Paul Graham <a href="https://x.com/paulg/status/1840698085434884544">tells</a> founders to "learn by building" because abstract ideation rarely survives first contact with users.
For Jobs, that convergence of art and engineering remained Apple's guiding doctrine until his 2011 death. "There is no difference in our industry," he said. "The people that have really made the contributions have been the thinkers and the doers."
Photo Courtesy: rnkadsgn on Shutterstock.com
Read next: <a href="https://www.benzinga.com/news/health-care/25/06/46019567/mark-cuban-says-were-he-to-become-president-for-a-day-he-would-make-these-two-simple-moves-to-overhaul-us-healthcare">Mark Cuban Says Were He To Become President For A Day, He Would Make These Two Simple Moves To Overhaul US Healthcare</a>

Tech

APPL

Steve Jobs Once Cited Leonardo Da Vinci's Example To Explain Why All 'Major' Thinkers Had This Trait That Made Them Exceptional

Billionaire Mark Cuban has revealed that the Kamala Harris campaign sought to vet him for the 2024 Democratic vice presidential nomination, <a href="https://www.benzinga.com/news/politics/25/06/45829489/mark-cuban-reacts-to-elon-musk-donald-trump-feud">an offer he chose to decline</a>.
What Happened: Cuban, ex-owner of the Dallas Mavericks, was asked by the Harris campaign to submit vetting documents for the VP role. The billionaire confirmed the rumor during an interview on Friday.
Cuban justified his decision <a href="https://www.thebulwark.com/p/mark-cuban-harris-camp-asked-for">by</a> stating in the interview, &#8220;I&#8217;m not very good as the number two person.&#8221; He further confessed his discomfort with the traditional vice presidential duties of &#8220;shaking hands and kissing babies.&#8221;
While Cuban speculated that the Harris campaign would have taken a &#8220;different&#8221; direction with him as the VP pick instead of Gov. Tim Walz (D-Minn.), he also conceded that a Harris administration with him as VP would have been a disaster.
&#8220;She would have fired me&nbsp;within six days,&#8221; Cuban admitted.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/politics/25/06/45828246/trump-warns-musk-against-aiding-democrats-hell-have-to-pay-serious-consequences-if-he-does-that" target="_blank" rel="noreferrer noopener">Trump Warns Musk Against Aiding Democrats: ‘He'll Have To Pay Serious Consequences If He Does That'</a>
Despite rejecting the VP offer, Cuban remained a staunch supporter of Harris, making appearances at her events in battleground states and handling press calls. 
He even proposed that Harris could nominate him to head bodies&nbsp;such as the Federal Trade&nbsp;Commission or the Securities and&nbsp;Exchange Commission.
Why It Matters: The revelation of Cuban&#8217;s declined VP vetting offer adds a new dimension to the political landscape. His candid remarks about his unsuitability for the role underscore the importance of personality fit in political partnerships.
Despite his refusal, Cuban&#8217;s active support for Harris and his openness to leading federal agencies suggest his ongoing interest in political involvement. 
This development could potentially influence future campaign strategies and candidate selections.
Read Next
<a href="https://www.benzinga.com/news/25/03/44235243/mark-cuban-once-questioned-whether-donald-trump-is-really-a-billionaire">Mark Cuban Once Questioned Whether Donald Trump Is Really a Billionaire</a>
Image: Shutterstock/miss.cabul

Here's Why Mark Cuban Declined To Be Considered for Kamala Harris' VP

Omi, a Paris-based startup revolutionizing product visuals with 3D modeling and artificial intelligence, has won the "Most Promising" prize at the 2024 LVMH Innovation Awards. The award was <a href="https://www.lvmh.com/en/publications/lvmh-recognizes-three-tech-partners-for-exceptional-collaborations-with-its-maisons-at-2025-lvmh-innovation-award-ceremony">presented</a> on June 12 in Paris at leading European tech conference VivaTech, hosted by LVMH Image and Environment Director Antoine Arnault.
Hugo Borensztein, co-founder and CEO of Omi, said the win reflects a broader shift happening across the luxury and retail industries. &#8220;Working with a Maison founded two centuries ago using the most advanced 3D and AI technologies expresses LVMH's bold, innovation-inspired vision. We are both honored and proud to be part of this adventure," Borensztein said in a statement by <a href="https://www.lvmh.com/en/publications/lvmh-recognizes-three-tech-partners-for-exceptional-collaborations-with-its-maisons-at-2025-lvmh-innovation-award-ceremony">LVMH</a>.
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<h2 class="wp-block-heading">Omi Offers AI-Driven Visuals For The Future Of Luxury Retail</h2>
Omi specializes in using 3D technology to streamline content creation for <a href="https://www.benzinga.com/25/05/45485580/someone-asks-why-do-people-still-equate-luxury-cars-with-being-rich-when-its-common-knowledge-anyone-can-finance-or-lease-a-luxury-car">luxury</a> brands, reducing costs while elevating quality. Its tools allow for the scalable production of photorealistic visuals used in online retail and marketing, according to Omi&#8217;s<a href="https://omi.so/"> website</a>.
According to <a href="https://www.voguebusiness.com/story/technology/content-creation-startup-omi-wins-most-promising-lvmh-innovation-award">Vogue</a>, the company has already worked with Guerlain, an LVMH-owned beauty house, on high-end product visual campaigns that merge legacy identity with modern production speed.
<a href="https://www.benzinga.com/markets/tech/25/06/45878935/nvidias-generative-ai-to-fuel-hyper-scalable-3d-rendering-for-loreal">L'Oréal</a> also announced a collaboration with Omi during VivaTech, introducing a new visual design process powered by Omi's 3D AI platform, according to <a href="https://www.forbes.com/sites/stephaniehirschmiller/2025/06/15/how-ai-is-powering-the-luxury-industry-now-viva-tech-lvmh-loral/">Forbes</a>. The partnership is part of L'Oréal's broader AI strategy within its CREAITECH platform.&nbsp;
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.
<h2 class="wp-block-heading">LVMH Backs Tech To Reinvent Fashion And Beauty Experiences</h2>
Now in its ninth year, the LVMH Innovation Award program spotlights startups that are shaping the future of the luxury ecosystem. According to LVMH, this year's competition featured three top prizes.
Alongside Omi's win, the Best Business Award went to U.S.-based Kahoona for its personalization work with Dior. LVMH also announced that The Best Impact Prize was awarded to Genesis, a French startup collaborating with Moët Hennessy to digitally monitor and improve soil health in vineyards.
LVMH Chair and CEO Bernard Arnault praised the finalists for their "entrepreneurial spirit and hard work," adding that innovation remains central to the group's mission of excellence.
"Innovation has always energized the growth of our Maisons and their desirability. This innovation is not an end in itself, but rather a means to achieve excellence. I'm always delighted to meet these young entrepreneurs, and to see them working with our centuries-old Maisons and be recognized for their entrepreneurial spirit and hard work," Arnault said in the statement.
See Also: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. <a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment">Back a bold new approach to cancer treatment with high-growth potential.</a>
<h2 class="wp-block-heading">Omi Joins A New Class Of AI-Powered Creative Startups</h2>
Omi says its technology allows brands to turn static product data into interactive 3D content that can be deployed across websites, e-commerce platforms, and social media.
Rather than relying on traditional photography or slow post-production workflows, the platform generates high-fidelity visuals directly from 3D models, streamlining product rollout and campaign development.
With LVMH recognizing Omi as a leader in innovation and a new partnership underway with L'Oréal, the startup may push brands a step toward broader adoption of AI-powered visual platforms in luxury.
Read Next: <a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a>
Image: Shutterstock

LVMH Awards AI Startup Omi For Disrupting Luxury Visuals With 3D Tech: 'Recognized For Their Entrepreneurial Spirit' Says Bernard Arnault

Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) might never have grown beyond six Seattle coffee shops if not for Bill Gates Sr., the towering attorney, who stepped in when Howard Schultz lacked the cash and the clout to buy the company in 1987.
What Happened: Schultz, then 33, had 60 days to raise $3.8 million after Starbucks' founders offered to sell the chain. One month in, he had only half the money, and a deep-pocketed investor from his previous venture, Il Giornale, swooped in with a higher $4 million bid. "I had no money. Nothing," Schultz later recalled at a Summit event in 2018.
A lawyer friend sent Schultz to meet his firm's senior partner — six-foot-seven Bill Gates Sr., father of Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) co-founder Bill Gates. After hearing Schultz's story, Gates Sr. marched him across the street to confront the rival bidder. "You should be ashamed of yourself," Gates Sr. said to the bidder, according to Schultz. "You are going to stand down. And this kid is going to realize his dream."
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Gates pledged that he and his son would help finance the sale. Local investors soon joined, and on Aug. 15, 1987, Schultz bought Starbucks for the original $3.8 million price. The company has since expanded from 11 stores to more than 38,000 worldwide, with more than 16,000 outlets in the United States alone, according to Cafely.
Why It Matters: Schultz, who has narrated the story at several fireside chats since, credits Gates Sr. for protecting a young entrepreneur at the time. Gates Sr., who died in 2020, remained an informal mentor while Starbucks defined modern coffee culture and inspired rival chains worldwide.
For Starbucks&#8217; stock, the 200-day moving average sits at $95.64, according to Benzinga Pro, which is above the current price of $92.28 at market close on Thursday.
TD Cowen analyst Andrew M. Charles recently kept a Hold on Starbucks and held his $90 price target, noting investors have begun rotating into the stock amid optimism that CEO Brian Niccol can <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45931482/starbucks-at-a-crossroads-analyst-sees-chipotle-like-potential-but-warns-of-declining-value-perception">replicate the turnaround</a> he engineered at Chipotle.
Benzinga Edge Stock Rankings indicate that Starbucks has a Momentum in the 68th percentile and Growth in the 37th. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Check here to see how rival restaurant stocks rank in comparison</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="148" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19164502/sbux-edge-1024x148.png" alt="" class="wp-image-955240" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19164502/sbux-edge-1024x148.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19164502/sbux-edge-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19164502/sbux-edge-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19164502/sbux-edge.png 1380w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo Courtesy: Cloudy Design on Shutterstock.com
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Financing

MSFT

SBUX

Bill Gates Sr. Helped Howard Schultz Buy Starbucks In 1987 By Towering Over A Rival Investor: 'This Kid Is Going To Realize His Dream'

How important is a job title? Some people work their way up the corporate ladder by earning higher-ranking titles, but one Redditor ended up with a peculiar opportunity.
The individual has been working toward a senior vice president title and finally got the opportunity at their current company. However, this individual also received a job offer from another company that doesn't have the fancy title. This second job offers <a href="https://www.reddit.com/r/HENRYfinance/comments/1l9xf3b/career_advice_two_positions_approached_me/">much higher pay</a>, and the potential employer is an AI startup, which can result in plenty of growth opportunities.&nbsp;
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<li>Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">invest with $1,000 at just $0.30/share.</a></li>
</ul>
The Redditor asked if it made sense to accept the higher-paying job and walk away from the job with the better title.
"Is this a no brainer?" the Redditor asked the HENRY Finance community.
Here's what fellow Redditors suggested.
<h2 class="wp-block-heading">Follow The Money</h2>
Most Redditors encouraged the original poster to ignore the job title and focus on pay. The top commenter said that the work you do and the compensation matter the most. This commenter even went on to say that a title doesn't mean anything.
"This lesson was one that I wish someone had instilled in me many years ago," one person responded to the comment.
People climb the corporate ladder and pursue higher titles to boost their earnings. If you can work in your profession and earn more money with the same title than with the higher ranking title, you will grow your retirement account faster.&nbsp;
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.
<h2 class="wp-block-heading">The AI Startup's Current Outlook Also Matters</h2>
Although the AI startup is offering more pay, it's important to assess the long-term stability of that job. Some startups come crashing down after a few years, while the Redditor's current employer is the one that's offering the better title and a salary bump.
One commenter suggested that the original poster assess the AI startup based on its funding stage, who the investors are, the founder's business history, and who their top clients are. This same commenter also suggested comparing the equity packages between the AI startup and the current company.&nbsp;
Knowing this information can help the original poster decide which opportunity makes more sense from a risk standpoint. While the AI startup offers higher pay, it may not matter if the company goes out of business within two years. However, if the equity package is good and the AI startup skyrockets in value, it can be an incredible opportunity for the original poster.
See Also: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. <a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment">Back a bold new approach to cancer treatment with high-growth potential.</a>
<h2 class="wp-block-heading">Understanding Startup Culture</h2>
One commenter pointed out that startup culture can require a lot of hours that exceed what you'd put into a 9-to-5 job. The commenter is optimistic that the hours will be more reasonable since the job offers a high salary but shared a warning with the original poster.
"If you have kids, I cannot recommend working for a startup with a true startup culture," the commenter said.
A part of the comments section shifted from startup culture to the job title. Some people suggested that she negotiate a higher title in the startup. It's also possible for the Redditor to mention this offer to her employer and ask if they will give her a higher salary. Even if it's not a complete match, the Redditor can use negotiating tactics to get a better title at the startup or a higher salary from her current job.
Read Next: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
Image: Shutterstock

A HENRY Redditor Asks If She Should Take A Job With Higher Pay Or A Better Title: 'Is This A No Brainer?'

Sword Health <a href="https://swordhealth.com/newsroom/sword-health-raises-40m-launches-mind">announced</a> Tuesday that it had raised $40 million in a recent funding round, giving it a $4 billion valuation.
<a href="https://swordhealth.com/faqs">Founded in 2015</a>, the healthcare startup has focused on helping people manage chronic pain at home. Using AI tools, the platform connects users with expert clinicians who then provide patients with tools for digital physical therapy, pelvic health, and overall mobility health.
However, the company says this new round of funding will largely go towards developing a mental health arm of its program called Mind.&nbsp;
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<li>Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">invest with $1,000 at just $0.30/share.</a></li>
</ul>
"Today, nearly 1 billion people worldwide live with a mental health condition. Yet care remains fragmented, reactive, and inaccessible," Sword said in the&nbsp; announcement. "Mind redefines mental health care delivery with a proactive, 24/7 model that integrates cutting-edge AI with licensed, Ph.D-level mental health specialists. Together, they provide seamless, contextual, and responsive support any time people need it, not just when they have an appointment."
Sword CEO Virgílio Bento told <a href="https://www.cnbc.com/2025/06/17/sword-health-raises-40-million-expands-into-mental-health-with-ai.html">CNBC</a>, "[Mind] really a breakthrough in terms of how we address mental health, and this is only possible because we have AI."
Users will be equipped with a wearable device called an M-band, which will measure their environmental and physiological signals so that experts can reach out proactively as needed. The program will also offer access to services like traditional talk therapy. Bento told CNBC that a human is "always involved" in patients care in each of its programs, and that AI is not making any clinical decisions.
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.
For example, if a Sword patient has an anxiety attack, AI will identify it through the wearable and bring it to the attention of a clinician, who can then provide an appropriate care plan.
"You have an anxiety issue today, and the way you're going to manage is to talk about it one week from now? That just doesn't work," Bento told CNBC. "Mental health should be always on, where you have a problem now, and you can have immediate help in the moment."
According to Bento, Sword Mind already has a waiting list, and is being tested by some of its partners who appreciate it's "personalized approach and convenience."
"We believe that it is really the future of how mental health is going to be delivered in the future, by us and by other companies," he told CNBC. "AI plays a very important role, but the use of AI — and I think this is very important — needs to be used in a very smart way."
The rest of the cash raised in the funding round, which was led by General Catalyst, will go towards acquisitions, global expansion, and AI development, Sword Health says.&nbsp;
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Image: Shutterstock

Sword Health Now Valued At $4 Billion, Announces Expansion Into Mental Health Services

A former Redfin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>) management lead and founder of a Credit Karma-acquired startup has launched RetroRate, a California-based proptech company aiming to bring assumable mortgages into the mainstream. On June 9, RetroRate<a href="https://medium.com/retrorate/retrorate-announces-funding-round-and-public-release-b25f42b2e8d0"> announced</a> both its official launch and a $2.2 million seed round led by Swift Ventures, with additional backing from Eniac, Cooley Ventures, Keshif Ventures, Interlock Capital, Launch Factory, and Arkus Nexus.
Andy Taylor, who previously led product at Redfin and founded the mortgage startup Approved before its 2018 acquisition by Credit Karma, told<a href="https://www.realestatenews.com/2025/06/13/startup-aims-to-bring-assumable-mortgages-to-the-masses"> Real Estate News</a> that RetroRate was inspired by mortgage trend data he analyzed while overseeing rate tables during his time at Credit Karma.
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</ul>
Real Estate News says that while analyzing rate data in 2020 and 2021, Taylor discovered assumable loans, an option that allows buyers to take over a seller's mortgage rate and balance, which he had never encountered despite working in the industry since 2009.
&#8220;I&#8217;ve been in the business since 2009, and I had never heard about assumable loans,&#8221; Taylor told Real Estate News. &#8220;It was almost shocking.&#8221;
<h2 class="wp-block-heading">Up To 25% Of Listings Hold Assumable Mortgages, But The Market Is Unaware</h2>
Assumable mortgages are typically linked to government-backed loans such as the Federal Housing Administration, the Department of Veterans Affairs, or the U.S. Department of Agriculture programs and can save buyers hundreds or thousands of dollars monthly compared to new loans at current interest rates, Real Estate News says.
According to Taylor, RetroRate's analysis of multiple listing service and property data suggests that between 20% and 25% of homes listed for sale today may have an assumable mortgage attached. Despite the prevalence, Real Estate News says that buyers and agents rarely pursue these deals due to outdated, paper-based processes and the lack of centralized digital tools.
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.
RetroRate provides a proprietary, searchable database of homes with assumable mortgages, both on and off market, and ranks them by financial appeal. Buyers pay a 1% fee at closing to access the service, which Taylor described as a "supercharged rate buy-down" with a much shorter payback period.
"Our goal is to make assumable loans just another financing type, like a 30-year fixed or a 5/1 [adjustable-rate mortgage]," Taylor told Real Estate News. "We don't want agents to become experts in this process—we want to be the ones that make it easy for them."
<h2 class="wp-block-heading">Taylor Sees A Process Ripe For Automation And Scale</h2>
RetroRate concluded its beta phase in June after working with agents across 10 states including California, Florida, Texas, and North Carolina. The company launched its assumable loan platform in those same markets, which were chosen based on the volume of assumable mortgage inventory and affordability challenges, Real Estate News reports.&nbsp;
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While the benefits are clear, the process remains cumbersome. Taylor told Real Estate News that some deals require buyers to make large cash payments to cover the gap between home value and mortgage balance, and lender reviews can extend timelines beyond that of conventional financing.
Taylor acknowledged these issues but sees them as indicators of a system overdue for modernization, Real Estate News says, believing that automation and digital tools can reduce friction significantly.
<h2 class="wp-block-heading">A Long-Term Bet On Buyer Demand</h2>
Taylor emphasized that RetroRate is built to thrive regardless of interest rate movement. With the majority of U.S. homeowners still holding mortgages below current market rates, he expects older loans to remain attractive for years, Real Estate News reports.
"There is always going to be someone out there who's got that better rate," Taylor told Real Estate News. "RetroRate is not about one narrow trend. It&#8217;s about restoring affordability and creating liquidity. That&#8217;s a mission we can build on no matter what rates do."
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Image: Shutterstock

RDFN

Redfin Veteran Launches Startup To Unlock Thousands In Monthly Savings Saying The Goal Is 'To Make Assumable Loans Just Another Financing Type'

Benzinga examined the prospects for <a href="http://www.benzinga.com/trading-ideas" target="_blank" rel="noreferrer noopener">many investors' favorite stocks</a> over the last week — here's a look at some of our top stories.
Escalating tensions between Israel and Iran, and President Donald Trump's renewed attacks on Fed Chair Jerome Powell, unsettled markets this week. The Federal Reserve held rates at 4.25-4.5%, cut its 2026 rate‑cut outlook, and signaled two cuts in 2025 amid growing inflation concerns. Trump called Powell "an American disgrace," renewing calls for outsized rate cuts.
Markets fluctuated on geopolitical and central‑bank uncertainty. Energy and defense stocks lagged, while treasury yields climbed modestly as investors weighed inflation risks. Renewables fell following proposed tax‑credit rollbacks.
Looking ahead, investors are watching Fed nominations — Trump hinted at replacing Powell — as well as developments in the Middle East and next week's economic data. Any signals on Fed independence or geopolitical escalation could significantly sway sentiment.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.

The Bulls
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46030182/circle-stock-rockets-540-cathie-wood-says-weve-just-begun">"Circle stock rockets 540%: Cathie Wood says ‘we've just begun'"</a>, by Erica Kollmann, reports that Circle Internet Group Inc. (NYSE: CRCL) shares have surged 540% since their June 5 IPO — hitting $199.59 — after a Senate vote on the GENIUS Act and bullish remarks from ARK Invest's Cathie Wood, who said "we've just begun on a very big journey here."
<a href="https://www.benzinga.com/markets/commodities/25/06/45994711/uranium-stocks-on-11-week-tear-their-longest-winning-streak-in-history">"Uranium stocks on 11‑week tear — their longest winning streak in history"</a>, by Surbhi Jain, reports that uranium equities and ETFs — including Global X Uranium ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URA#NYSE">URA</a>) and Sprott Uranium Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URNM#NYSE">URNM</a>) — have rallied for 11 consecutive weeks, marking their longest uninterrupted winning streak on record.
<a href="https://www.benzinga.com/trading-ideas/movers/25/06/46007657/gorilla-technology-stock-surges-on-q1-earnings-as-momentum-builds">"Gorilla Technology stock surges on Q1 earnings as momentum builds"</a>, by Adam Eckert, reports that Gorilla Technology Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRRR#NASDAQ">GRRR</a>) shares climbed sharply after Q1 results showed revenue doubled to $18.26 million year-over-year and adjusted earnings swung to a $0.23 profit from a $1.47 loss, while its $5 billion pipeline and $33.8 million cash position bolstered investor confidence.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/news/health-care/25/06/45999930/aptevo-therapeutics-touts-data-from-investigational-drug-trial-for-aggressive-blood-cancer">Aptevo Therapeutics Touts Data From Investigational Drug Trial For Aggressive Blood Cancer</a>
<a href="https://www.benzinga.com/trading-ideas/movers/25/06/46007657/gorilla-technology-stock-surges-on-q1-earnings-as-momentum-builds">Oklo Stock Is Rising Again: What's Going On?</a>
<a href="https://www.benzinga.com/markets/tech/25/06/45982049/vertiv-holdings-stock-25-off-highs-is-now-riding-nvidias-ai-wave">Vertiv Holdings Stock, 25% Off Highs, Is Now Riding Nvidia's AI Wave</a>

The Bears
<a href="https://www.benzinga.com/analyst-stock-ratings/downgrades/25/06/45981680/sunrun-receives-downgrade-as-analyst-warns-business-model-relies-on-inflated-system-values-for-tax-credits">"Sunrun receives downgrade as analyst warns business model relies on inflated system values for tax credits"</a>, by Anusuya Lahiri, reports that Sunrun Inc. (NASDAQ: RUN) was downgraded to Sell by GLJ Research's Gordon L. Johnson II, who warned that the company depends on overstating solar system values to claim tax credits — an exposure that the pending Senate bill could curtail and threaten its cash flow.
<a href="https://www.benzinga.com/news/travel/25/06/45983684/jetblue-ceo-more-cuts-ahead-as-airline-faces-prolonged-losses">"JetBlue CEO: More cuts ahead as airline faces prolonged losses"</a>, by Erica Kollmann, reports that CEO Joanna Geraghty warned employees that weak travel demand has forced JetBlue Airways Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) to implement further flight and cost reductions and to delay its break-even target, potentially prolonging losses despite planned capacity cuts and route eliminations.
<a href="https://www.benzinga.com/trading-ideas/technicals/25/06/46000107/mcdonalds-stock-slips-below-200-day-line-can-the-big-arch-reverse-the-slide">"McDonald's stock slips below 200‑day line — can ‘The Big Arch' reverse the slide"</a>, by Surbhi  Jain, reports that McDonald's Corp. (NYSE: MCD) shares have fallen below their 200‑day moving average — alongside key technical indicators like an RSI of 25.75 and a bearish MACD — while options markets reflect little optimism despite the launch of the "Big Arch" burger.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/markets/earnings/25/06/45984979/beyond-air-stock-dips-after-mixed-q4-results-heres-what-to-know">Beyond Air Stock Dips After Mixed Q4 Results: Here's What To Know</a>
<a href="https://www.benzinga.com/cannabis/25/06/45997534/canadian-medical-marijuana-firm-aurora-cannabis-expects-weak-demand-in-international-market">Canadian Medical Marijuana Firm Aurora Cannabis Expects Weak Demand In International Market</a>
<a href="https://www.benzinga.com/trading-ideas/movers/25/06/45995637/houston-american-energy-stock-is-sinking-wednesday-heres-why">Houston American Energy Stock Is Sinking Wednesday: Here's Why</a>

Keep up with all the latest breaking news and trading ideas by following <a href="https://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener">Benzinga</a><a href="http://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener"> on X</a>.
Image created using artificial intelligence via Midjourney.

APVO

CRCL

GRRR

HUSA

JBLU

OKLO

URNM

XAIR

Benzinga Bulls And Bears: Circle, Sunrun, JetBlue — And Mideast Has Markets Nervous

Reddit Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) is reportedly exploring a partnership with Tools for Humanity, the company behind Sam Altman's World ID and iris-scanning Orb, to offer anonymous but verified user identities.
What Happened: Reddit has been in talks with Tools for Humanity to integrate World ID, a biometric verification system powered by its Orb device, <a href="https://www.semafor.com/article/06/20/2025/reddit-considers-iris-scanning-orb-developed-by-a-sam-altman-startup">reported</a> Semafor, citing two people familiar with the matter.
The Orb scans a user's iris to confirm they are a unique human, offering proof of personhood without collecting personally identifiable information.
If implemented, World ID could become one of Reddit's third-party verification options, allowing users to confirm their identity anonymously amid growing concerns over bots, fake accounts and AI-generated content on social media platforms, the report added.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/25/06/45899111/apple-may-end-up-acquiring-perplexity-like-it-did-with-beats-in-2014-says-dan-ives-consumers-need-reasons-to-upgrade-as-iphone-maker-falls-way-behind-in-ai-race" target="_blank" rel="noreferrer noopener">Apple May End Up Acquiring Perplexity Like It Did With Beats In 2014, Says Dan Ives—Consumers Need ‘Reasons To Upgrade&#8217; As iPhone Maker Falls ‘Way Behind&#8217; In AI Race</a>
Why It&#8217;s Important: World ID is part of a broader initiative by Tools for Humanity—co-founded by OpenAI CEO Altman—to distribute cryptocurrency called Worldcoin in exchange for biometric verification, aiming to establish a universal digital identity system.
Earlier this month, it was reported that Reddit is gaining more visibility in Google's AI Overviews, becoming the second most-cited source after Quora, according to Semrush.
This boost is linked to Reddit's $60 million content licensing deal with 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 in 2024. However, analysts caution that the increased exposure may not lead to <a href="https://www.benzinga.com/markets/tech/25/06/45943729/reddit-is-the-second-most-cited-source-in-google-ai-overviews-but-logged-out-traffic-may-undercut-revenue-gains">significant revenue growth for Reddit</a>.
Benzinga&#8217;s Edge Stock Rankings indicate a consistent upward trajectory for Reddit 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">More detailed performance data is available here</a>.
<figure class="wp-block-image aligncenter 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/2025/06/21041653/Screenshot-2025-06-21-at-1.45.27%E2%80%AFPM.png" alt="" class="wp-image-956949" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45889800/dow-jones-breaks-43000-palantir-hits-new-record-highs-whats-driving-markets-wednesday" target="_blank" rel="noreferrer noopener">Dow Jones Breaks 43,000, Palantir Hits New Record Highs: What&#8217;s Driving Markets Wednesday?</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Henry Franklin/Shutterstock

GOOG

GOOGL

RDDT

Reddit Eyes Sam Altman's Iris-Scanning Orb To Verify Real Users Without Compromising Anonymity: Report

X has been working on its payment service for some time now and a new report has revealed that it also plans to include a physical debit card.
What Happened: The app&#8217;s recent updates reveal code strings indicating features like card activation, shipping status checks, and more, according to a report <a href="https://techcrunch.com/2025/06/20/x-app-code-points-to-a-physical-card-coming-to-x-money/">by</a> TechCrunch on Friday.
The new debit card, customizable with users&#8217; X usernames, is part of X&#8217;s broader strategy to compete with&nbsp;digital banks and payment services. The news follows&nbsp;Linda Yaccarino, X&#8217;s CEO, announcing a partnership with&nbsp;Visa&nbsp;for the X Money service,&nbsp;which will enable instant funding of&nbsp;X Wallet accounts via Visa&nbsp;Direct.
Yaccarino mentioned that this is the first of many announcements for X Money this year. The company has been securing&nbsp;money transmitter licenses across the&nbsp;U.S., now covering 40 states and Washington, D.C. The app&#8217;s code also hints at potential cashback and deferred debit features, and mentions support for&nbsp;MasterCard&nbsp;and&nbsp;Amex.
Also Read: <a href="https://www.benzinga.com/news/financing/25/06/46019534/elon-musks-x-plans-to-launch-in-app-stock-trading-to-challenge-robinhood-sofi-ceo-says-youll-whole-financial-life-could-be-on-the-platform">Elon Musk&#8217;s X Plans To Launch In-App Stock Trading To Challenge Robinhood, SoFi — CEO Says You&#8217;ll &#8216;Whole Financial Life&#8217; Could Be On The Platform</a>
Why It Matters: Elon Musk, owner of X, has long aimed to transform the app into an &#8220;everything app,&#8221; incorporating payments and banking. This aligns with his earlier ventures, including co-founding X.com, which evolved into PayPal . X plans to announce X Money later this year.
The introduction of a physical debit card is part of&nbsp;<a href="https://www.benzinga.com/25/01/43376448/elon-musks-x-money-to-see-about-600-million-active-monthly-users-via-visa-direct-integration">Elon Musk&#8217;s vision</a>&nbsp;for X as an all-encompassing financial platform. Earlier this year, it was revealed that X Money could potentially reach around 600 million active monthly users through its integration with Visa Direct, enhancing the platform&#8217;s capability for instant fund transfers.
Additionally, the move aligns with X&#8217;s broader strategy to offer a comprehensive suite of financial services, including <a href="https://www.benzinga.com/news/financing/25/06/46019534/elon-musks-x-plans-to-launch-in-app-stock-trading-to-challenge-robinhood-sofi-ceo-says-youll-whole-financial-life-could-be-on-the-platform">in-app stock trading</a>, which aims to challenge existing platforms like Robinhood Markets and SoFi Technologies. This initiative underscores X&#8217;s ambition to integrate users&#8217; entire financial lives into its ecosystem.
Furthermore, Musk&#8217;s push for a&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42806463/elon-musks-push-for-crypto-powered-everything-app-reflected-in-x-money-leak-as-bitcoin-hovers-around-100k">crypto-powered &#8220;everything app&#8221;</a>&nbsp;is reflected in&nbsp;the X Money service, which&nbsp;may include cryptocurrency features. This aligns with Musk&#8217;s longstanding interest in digital currencies and his previous ventures in the fintech space.
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Elon Musk's X To Offer Physical Debit Cards As Part Of His 'Everything App' Vision: Report

To avoid a <a href="https://www.benzinga.com/news/24/01/36590820/google-dealt-a-blow-in-2-6b-eu-antitrust-fine-as-court-advisor-suggests-dismissing-appeal">hefty fine from the EU</a>, Alphabet Inc.&#8217;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 is reportedly offering to revamp its search results to better showcase rivals, as scrutiny over the tech giant&#8217;s dominance intensifies.
What Happened: According to internal documents seen by Reuters, Google has proposed new concessions aimed at satisfying the European Commission's concerns over its preferential treatment of in-house services like Google Shopping, Flights and Hotels.
Under the new proposal, a vertical search service (VSS) chosen by objective, non-discriminatory criteria would receive a prominent box at the top of Google&#8217;s search page, formatted identically to Google's listings.
This box would include three direct links selected by the rival VSS, covering areas like hotels, restaurants, airlines and transport. Other VSS results would still appear, but without the dedicated box—unless clicked by users, the report noted.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45827474/google-co-founder-larry-page-predicted-a-machine-that-would-understand-everything-on-the-web-has-that-25-year-old-pipe-dream-finally-turned-into-reality">Google Co-Founder Larry Page Predicted A Machine That Would &#8216;Understand Everything On The Web,&#8217; Has That 25-Year Old Pipe Dream Finally Turned Into Reality?</a>
&#8220;We do not agree with the (Commission&#8217;s) preliminary findings&#8217; position but, on a without prejudice basis, we want to find a workable solution to resolve the present proceedings,&#8221; the documents sent by both Google and the Commission to the rivals read.
The European Commission is expected to host a feedback meeting with rival companies on July 8. However, some rivals, speaking anonymously, expressed dissatisfaction, claiming Google's changes still fall short of ensuring fair competition, the report said.
Why It&#8217;s Important: In January, <a href="https://www.benzinga.com/25/01/43274659/google-fights-record-eu-android-fine-claims-users-choose-its-services-over-rivals">Google also challenged</a> a record $4.55 billion EU antitrust fine in court, arguing that users naturally preferred its search engine and Chrome browser.
Alphabet posted <a href="https://www.benzinga.com/25/04/44995955/alphabet-q1-earnings-highlights-google-search-youtube-cloud-show-robust-momentum">first-quarter revenue</a> of $90.23 billion, marking a 12% increase from the prior year and surpassing the Street consensus estimate of $89.2 billion, according to Benzinga Pro. Google Search contributed $50.7 billion, up from $46.2 billion.
Benzinga's Edge Stock Rankings show that Alphabet continues to trend upward across short, medium and long-term timeframes. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance details are available here</a>.
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Photo courtesy: JHVEPhoto / Shutterstock.com

Google Offers To Boost Rivals In Search Results To Avoid EU Antitrust Fine Under Digital Markets Act: Report

Mitsubishi Corp. has announced a $3.9 billion investment in the U.S. clean energy sector. This marks Mitsubishi's most significant U.S. energy commitment since its founding in 1870
What Happened: The company plans to increase its solar power generation capacity in the U.S. by 160% by 2028, according to a report <a href="https://asia.nikkei.com/Business/Energy/Japan-s-Mitsubishi-Corp.-bets-big-on-US-solar-with-3.9bn-expansion-plan">by</a> Nikkei Asia.
This expansion is not a standalone initiative—it's part of Mitsubishi's broader goal to double its global renewable energy capacity by 2031.
Mitsubishi's move aligns with the growing momentum in the U.S. renewables market, driven by government incentives, grid modernization efforts, and rising demand for sustainable energy. The decision reflects a calculated response to these converging trends, not a speculative bet.
In the U.S., Mitsubishi operates in the energy space through Diamond Generating Corp., Nexamp Inc., and Boston Energy Trading &amp; Marketing.
Why It Matters: The investment comes amid the U.S. renewable market gaining momentum with government incentives and an increase in sustainable energy demand.
At present, Mitsubishi Corp. operates solar assets with a total output of about 1.1 gigawatts through its U.S. subsidiary Nexamp, based in Massachusetts. The plan is to elevate this number to 2.9 GW by 2028.
Nexamp will transition its procurement to local suppliers such as Heliene and Silfab Solar. The company also has plans to inaugurate its first mega solar farm in the Southwest in 2027, along with high-output plants in the Midwest and other regions.
Despite the anticipated reduction in tax credits for solar power generation from 2029, a source from Itochu mentioned that the cost of solar power is sufficiently low to allow for project development without dependence on subsidies.
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