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Veteran short-seller James Chanos of Kynikos Associates is once again taking a shot at Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), calling its valuation framework not just flawed, but absurd.
What Happened: On Monday, Chanos slammed Strategy&#8217;s claim that its valuation should reflect not just the net asset value (NAV) of its Bitcoin holdings, but also a multiple on the unrealized gains, while speaking on Bloomberg&#8217;s Odd Lots podcast.
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="146" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01014756/Screenshot-2025-07-01-at-11.17.45-AM-1024x146.png" alt="" class="wp-image-967861" style="width:920px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01014756/Screenshot-2025-07-01-at-11.17.45-AM-1024x146.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01014756/Screenshot-2025-07-01-at-11.17.45-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01014756/Screenshot-2025-07-01-at-11.17.45-AM-768x110.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01014756/Screenshot-2025-07-01-at-11.17.45-AM.png 1526w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
What pushed him &#8220;into orbit,&#8221; he says, was founder Michael Saylor's argument that appreciation in Bitcoin should be treated like recurring profit, and capitalized accordingly.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46168953/strategy-adds-4980-bitcoin-ups-total-stack-to-42-billion">Strategy Adds 4,980 Bitcoin, Ups Total Stack To $42 Billion</a>
He went on to mock this logic with an analogy. &#8220;That&#8217;s like saying, my whole net worth is in a house that's worth $400,000 that is now worth $500,000 a year or two later, and my net worth is not $500,000 now, it's $2.5 million,&#8221; he says, underscoring the folly of this argument. &#8220;It is absurd,&#8221; he says.
Chanos also dismissed the broader Bitcoin treasury trend as mere financial engineering. &#8220;There's nothing proprietary here. This is just simply raising capital to buy a financial asset,&#8221; he said.
He further notes that the model is spreading rapidly. &#8220;Since the podcast we last did, I think the number of companies that have announced this strategy is scores more. I think there [are] over 100 in the U.S. and over 200 globally,&#8221; he says.
Why It Matters: Chanos has reiterated several times that Strategy&#8217;s <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45943504/short-seller-jim-chanos-reiterates-michael-saylors-strategy-premium-is-unsustainable-warns-bitcoin-arbitrage-is-not-a-static-trade">premium is unsustainable</a>, warning that Bitcoin arbitrage &#8220;is not a static trade.&#8221;
This comes weeks after he revealed a <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45465049/jim-chanos-goes-long-bitcoin-short-microstrategy-in-arbitrage-bet-against-retail-speculation">strategic arbitrage trade</a>, which involves going long on Bitcoin while selling Strategy short.
&#8220;We&#8217;re buying Bitcoin, selling Strategy stock, an arbitrage play, buying for $1, selling for $2.50,&#8221; Chanos said, adding that he doesn&#8217;t know where Bitcoin is headed, whether $100,000, $1 million, or $10,000, but he does know that &#8220;it&#8217;s generally profitable to short $1 for $2.50 or three dollars.&#8221;
Saylor responded to this by saying, &#8220;I don&#8217;t think he [Chanos] understands what our business model is,&#8221; he says. &#8220;What he still doesn&#8217;t understand is that we are not a holding company or a closed-end trust, we are an operating company.&#8221;
To which Chanos <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45877499/michael-saylor-says-jim-chanos-doesnt-understand-strategys-model-criticizes-long-bitcoin-short-mstr-trade-short-seller-hits-back-with-financial-gibberish-remark">promptly hit back</a>, referring to it as &#8220;financial gibberish.&#8221; He said, &#8220;Mr. Saylor wants you to value his business based not only on the net value of his Bitcoin holdings (NAV) at market, but additionally with a multiple on the change in that NAV.&#8221;
Price Action: Shares of Strategy were up 5.30% on Monday, trading at $404.23, and are down 0.63% after hours.
Photo Courtesy: LALAKA on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46172312/bitcoins-perfect-storm-could-extend-bull-run-into-2026-report">Bitcoin&#8217;s &#8216;Perfect Storm&#8217; Could Extend Bull Run Into 2026: Report</a></li>
</ul>
<iframe allow="autoplay &#x2A;; encrypted-media &#x2A;; fullscreen &#x2A;; clipboard-write" frameborder="0" height="175" style="width:100%;max-width:660px;overflow:hidden;border-radius:10px;" sandbox="allow-forms allow-popups allow-same-origin allow-scripts allow-storage-access-by-user-activation allow-top-navigation-by-user-activation" src="https://embed.podcasts.apple.com/us/podcast/jim-chanos-on-the-nuttiness-of-bitcoin-treasury-companies/id1056200096?i=1000715105251"></iframe>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Short Sellers

Markets

MSTR

James Chanos Shreds Michael Saylor's Strategy Model Of 'Multiple of NAV' Valuation — Famed Short Seller Says 'It Is Absurd'

On Monday, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Satya Nadella unveiled an AI system that outperforms human doctors in diagnosing complex medical cases, signaling a major leap toward &#8220;medical superintelligence.&#8221;
What Happened: Microsoft detailed two major advances: SDBench and MAI-DxO in a blog post titled, "The Path to Medical Superintelligence."
SDBench: This tool uses 304 case studies from the New England Journal of Medicine (NEJM) and turns them into interactive diagnostic simulations. The AI must think critically, ask questions, order tests and weigh the costs—much like a real-life doctor.
MAI-DxO: This is a model-agnostic orchestrator that simulates a panel of virtual physicians. It achieved 85.5% diagnostic accuracy, which is four times higher than experienced human doctors, while also reducing diagnostic costs.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46136541/elon-musk-backs-satya-nadellas-view-that-ai-must-produce-socially-useful-results-the-real-question-in-the-next-five-years-is">Elon Musk Backs Satya Nadella&#8217;s View That AI Must Produce &#8216;Socially Useful&#8217; Results: &#8216;The Real Question In The Next Five Years Is&#8230;&#8217;</a>
"Excited to share two advances that bring us closer to real-world impact in healthcare AI," Nadella posted on X, formerly Twitter. "Together, these advances offer a blueprint for how AI can help deliver precision and efficiency in healthcare."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Excited to share two advances that bring us closer to real-world impact in healthcare AI: SDBench introduces a new benchmark that transforms 304 NEJM cases into interactive diagnostic simulations. AI must ask questions, order tests, and weigh costs, mirroring the complexity of… <a href="https://t.co/lASC4hK730">pic.twitter.com/lASC4hK730</a>
&mdash; Satya Nadella (@satyanadella) <a href="https://twitter.com/satyanadella/status/1939736687539802155?ref_src=twsrc%5Etfw">June 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Microsoft admitted that this technology isn't ready to be used in real medical settings yet. The "orchestrator" still needs more testing, especially to see how well it handles everyday symptoms and routine cases, the company said.
Mustafa Suleyman, head of Microsoft AI, <a href="https://www.theguardian.com/technology/2025/jun/30/microsoft-ai-system-better-doctors-diagnosing-health-conditions-research">told</a> The Guardian: "It's pretty clear that we are on a path to these systems getting almost error-free in the next 5-10 years. It will be a massive weight off the shoulders of all health systems around the world."
Why It's Important: In the third week of June 2025, <a href="https://www.benzinga.com/general/health-care/25/06/46140911/healthcare-ai-draws-major-funding-bucking-market-uncertainty">investors poured significant capital</a> into AI startups and acquisitions, signaling strong confidence in artificial intelligence despite wider market uncertainty.
Major funding rounds included NYC's Tennr, which raised $101 million to advance AI-driven clinical intelligence and RevelAi Health, which secured $3.1 million for predictive medical tools aimed at better patient outcomes and lower costs.
Data analytics also saw big wins: PreciseDx landed $11 million to expand its AI-powered diagnostic imaging, while Typedef attracted $5.5 million to make complex analytics more accessible for businesses.
Price Action: Microsoft (MSFT) shares edged up 0.30% during Monday's regular trading session but slipped slightly by 0.012% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>. The stock has climbed 18.83% so far this year and is up 8.81% over the past 12 months.
Benzinga's Edge Stock Rankings show that MSFT maintains a solid upward price trend in the short, medium, and long term. However, while its momentum remains strong, its value ranking is comparatively weaker. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance metrics are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01025950/Screenshot-2025-07-01-at-12.08.12%E2%80%AFPM.png" alt="" class="wp-image-967965" /></a></figure>
Photo Courtesy: katuSka on Shutterstock.com
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46127671/amazon-loses-top-ai-leader-in-high-stakes-talent-shuffle" target="_blank" rel="noreferrer noopener">Amazon Loses Top AI Leader In High-Stakes Talent Shuffle</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Health Care

Tech

MSFT

Satya Nadella Says Microsoft's AI 'Orchestrator' Beats Human Doctors On Tough Diagnoses —  What This Means For The Future of Healthcare

Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) has appointed Haijian He as its new Chief Financial Officer (CFO), effective immediately
What Happened: According to Reuters' report, Baidu, a major player in China&#8217;s tech industry, has named Haijian He as successor of Junjie He, who has been serving as the interim CFO since October last year. Junjie He will now take on the role of Senior Vice President.
See Also: <a href="https://benzinga.com/markets/equities/25/07/46187311/trump-says-elon-musk-would-close-up-shop-and-head-back-home-to-south-africa-without-subsidies-no">Trump Says Elon Musk Would &#8216;Close Up Shop And Head Back Home To South Africa&#8217; Without Subsidies: &#8216;No More Rocket Launches, Satellites, Or Electric Car&#8217;</a>
He&#8217;s appointment comes at a crucial time for Baidu, as the company is navigating through the challenges posed by US sanctions. The sanctions have led to a shortage of <a href="https://www.benzinga.com/markets/asia/25/05/45692725/alibaba-and-baidu-turn-to-chinese-ai-chips-as-us-sanctions-squeeze-nvidia-supply">Nvidia Corp</a> processors, prompting Chinese tech giants like Baidu to turn to domestic chips for their AI development.
Why It Matters: In March, Baidu <a href="https://www.benzinga.com/25/03/44349635/baidu-says-its-new-ai-is-smarter-than-deepseeks-and-costs-half-as-much-excellent-multimodal-understanding-ability">launched two new AI models</a>, ERNIE X1 and ERNIE 4.5, claiming they matched top rivals like DeepSeek and OpenAI in performance while costing less. The release came as Baidu sought to reassert itself in the global AI race following recent market setbacks. This move made the company a potent player in the AI realm. Baidu&#8217;s stock has been performing well despite the company&#8217;s market value <a href="https://www.benzinga.com/25/02/43765049/baidus-market-value-plummets-by-24-billion-following-ceos-absence-from-crucial-meeting-led-by-chinese-president-xi">plummeting by $2.4 billion</a> in February following its CEO&#8217;s absence from a crucial meeting led by Chinese President Xi Jinping. Baidu has since recovered, with its stock showing resilience in the face of geopolitical tensions and regulatory challenges. On a year-to-date basis, the stock has risen 3.7%, while in the last month it has gained 3.25%.
Price in Action: According to <a href="https://www.benzinga.com/quote/BIDU">Benzinga Pro</a> data, Baidu after closing at $85.76, down 0.43% for the day, saw a slight uptick of 0.10% amounting to $85.85 during after-hours trading.
Benzinga&#8217;s Edge Stock Rankings indicates Baidu stock has Momentum in the 40th percentile. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Find out</a> how rivals in the search industry rank.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="878" height="162" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01024045/Screenshot-2025-07-01-121028.png" alt="" class="wp-image-967923" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01024045/Screenshot-2025-07-01-121028.png 878w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01024045/Screenshot-2025-07-01-121028-300x55.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01024045/Screenshot-2025-07-01-121028-768x142.png 768w" sizes="(max-width: 878px) 100vw, 878px" /></a></figure>
Read Next: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46187123/bitcoin-ethereum-solana-xrp-or-dogecoin-if-you-invested-1000-in-these-cryptos-when-2025-began-here-is-how-much-youd-have-today-now-that-half-the-year-is-over">Bitcoin, Ethereum, Solana, XRP Or Dogecoin: If You Invested $1,000 In These Cryptos When 2025 Began, Here is How Much You&#8217;d Have Today Now That Half The Year Is Over &#8211; Benzinga</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Tada Images on Shutterstock.com
Photo courtesy: Ken Wolter / Shutterstock.com

BIDU

Baidu Appoints Haijian He As New CFO As It Seeks To Accelerate AI Strategy Amid US Sanctions

The Gates Foundation Trust, founded by the billionaire Bill Gates, has a portfolio valued at $41.806 billion, which is concentrated in these three stocks as of the end of the first quarter of 2025.
What Happened: The foundation has received donations from Gates and the Oracle of Omaha, Warren Buffett, since the year 2000 and 2006, respectively. Additionally, it reflects the approaches of both Gates and Buffett.
According to its 13F filings, the three major stock holdings in the foundation&#8217;s portfolio made up at least two-thirds or 66% of the fund&#8217;s holdings as of the first quarter of the ongoing calendar year.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Company</td>
<td>Value (as of March 31)</td>
<td>% Of Holdings (as of March 31)</td>
<td>Number Of Shares</td>
<td>Change From Dec. 31, 2024 (in %)</td>
</tr>
<tr>
<td>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>$10.682 billion</td>
<td>26%</td>
<td>28457247</td>
<td>0%</td>
</tr>
<tr>
<td>Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)</td>
<td>$9.145 billion</td>
<td>22%</td>
<td>17172435</td>
<td>-13%</td>
</tr>
<tr>
<td>Waste Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>)</td>
<td>$7.462 billion</td>
<td>18%</td>
<td>32234344</td>
<td>0%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Microsoft Corp.</h3>
<ul class="wp-block-list">
<li>Microsoft stock has driven the Gates Foundation&#8217;s holdings to nearly $11 billion.</li>
<li>This surge is largely due to Microsoft&#8217;s dominant position in artificial intelligence, particularly through its Azure cloud platform and OpenAI investment.</li>
<li>Gates has steadily contributed Microsoft stock to the foundation since its inception in 2000.</li>
</ul>
<h3 class="wp-block-heading">Berkshire Hathaway Inc.</h3>
<ul class="wp-block-list">
<li>Buffett has also donated the Class B shares to the Gates Foundation since 2006, maintaining voting control by converting his Class A shares.</li>
<li>Despite a requirement for annual grant payouts, the foundation still holds 17.17 million Berkshire shares, valued at about $9.145 billion.</li>
</ul>
<h3 class="wp-block-heading">Waste Management Inc.</h3>
<ul class="wp-block-list">
<li>The Gates Foundation Trust has held a stake in Waste Management since 2002, exemplifying Buffett&#8217;s value investing principles.</li>
<li>WM is a waste management, comprehensive waste, and environmental services company having a landfill portfolio at an operational scale.</li>
</ul>
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/46108861/microsoft-is-playing-chess-and-others-are-playing-checkers-dan-ives-says-msft-could-be-a-5-trillion-company-in-18-months">Microsoft Is &#8216;Playing Chess, And Others Are Playing Checkers:&#8217; Dan Ives Says MSFT Could Be A $5 Trillion Company In 18 Months</a>
Why It Matters: Microsoft has been under the analyst radar, as it has been receiving recent price target bumps and upgrades.
Microsoft's strategic initiatives, including the integration of Copilot into Office, Dynamics, and Teams, are significantly deepening subscription revenues, explained Nigam Arora <a href="https://www.benzinga.com/markets/equities/25/06/46163176/microsoft-stock-could-soar-44-on-ai-boom-analyst-says-but-theres-a-catch">in his recent report</a>. 
He added that Microsoft's cloud computing arm, Aruzre, remained a compelling growth driver, exhibiting double-digit growth that is currently outstripping competitors and maintaining healthy margins.
Meanwhile, Wedbush analyst Dan Ives has said that the &#8220;massive adoption wave&#8221; of AI-driven Azure services could propel Microsoft to become a <a href="https://www.benzinga.com/markets/equities/25/06/46108861/microsoft-is-playing-chess-and-others-are-playing-checkers-dan-ives-says-msft-could-be-a-5-trillion-company-in-18-months">$5 trillion company</a> over the next 18 months. &#8211;
Price Action: MSFT shares were down 0.012% in after-hours on Monday after ending 0.30% higher at $497.41 apiece. It has risen by 18.83% on a year-to-date basis and 8.91% over the past year.
Benzinga Edge Stock Rankings shows that MSFT had a stronger price trend over the short, medium, and long term. Its momentum ranking was solid; however, its value ranking was poor at the 13.14th percentile. The details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="145" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01024005/MSFT-Edge-New-Latest-new-1024x145.png" alt="" class="wp-image-967921" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01024005/MSFT-Edge-New-Latest-new-1024x145.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01024005/MSFT-Edge-New-Latest-new-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01024005/MSFT-Edge-New-Latest-new-768x109.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01024005/MSFT-Edge-New-Latest-new.png 1162w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, ended higher on Monday. The SPY was up 0.48% at $617.85, while the QQQ advanced 0.65% to $551.64, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
After hitting fresh records on Friday and Monday, the futures of the S&amp;P 500, Nasdaq 100, and Dow Jones indices were trading lower on Tuesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/46163176/microsoft-stock-could-soar-44-on-ai-boom-analyst-says-but-theres-a-catch">Microsoft Stock Could Soar 44% On AI Boom, Analyst Says — But There&#8217;s A Catch</a></li>
</ul>
Photo courtesy: Alexandros Michailidis / Shutterstock.com

Equities

Bill Gates Is Betting Two-Thirds Of His Foundation's Portfolio In These 3 Stocks

ACIW

ACI Worldwide And iNet Expand Partnership To Power Saudi Arabia's Fintech Infrastructure With Postilion Platform

NICE

TalkTalk Taps NICE's CXone Mpower Platform To Drive AI-Powered Customer Experience Transformation

Fundstrat Global Advisors Head of Research Tom Lee highlighted Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) as a critical early indicator for U.S. inflation trends, calling the retail giant&#8217;s stable pricing amid tariff pressures a &#8220;meaningful&#8221; signal for market conditions.
What Happened: Lee posted on X Tuesday that Amazon&#8217;s massive import volume positions the company to &#8220;see inflation early,&#8221; making the &#8220;absence of inflation = positive&#8221; for the broader economic outlook. 
His comments responded to Amazon CEO Andy Jassy&#8216;s Monday statement that the tech giant &#8220;hasn&#8217;t seen prices appreciably go up&#8221; despite widespread tariff implementation.
In a CNBC <a href="https://www.cnbc.com/2025/06/30/despite-tariffs-andy-jassy-says-amazon-hasnt-seen-prices-appreciably-go-up-so-far.html?taid=686317f6e9ffab000185e760&amp;utm_campaign=trueanthem&amp;utm_content=main&amp;utm_medium=social&amp;utm_source=twitter">interview</a> with Jim Cramer, Jassy detailed Amazon&#8217;s mitigation strategies against tariff impacts. &#8220;We did a lot of forward buying several months ago, and then a lot of our sellers, our third-party selling partners, forward deployed a lot of inventory to avoid some of the issues with the uncertainty around where tariffs are going to settle,&#8221; Jassy said.
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is meaningful Given enormous volume of imported goods, <a href="https://twitter.com/search?q=%24AMZN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AMZN</a> should ‘see' inflation early &#8211; absence of inflation = positive &#x2705; &#x1f440;&#x1f440;&#x1f440; &#x1f447; <a href="https://t.co/zikDKPfI8X">https://t.co/zikDKPfI8X</a>
&mdash; Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) <a href="https://twitter.com/fundstrat/status/1939844803849503180?ref_src=twsrc%5Etfw">July 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46187311/trump-says-elon-musk-would-close-up-shop-and-head-back-home-to-south-africa-without-subsidies-no-more-rocket-launches-satellites-or-electric-car">Trump Says Elon Musk Would &#8216;Close Up Shop And Head Back Home To South Africa&#8217; Without Subsidies: &#8216;No More Rocket Launches, Satellites, Or Electric Car&#8217;</a>
Why It Matters: President Donald Trump has imposed steep tariffs on imports from multiple countries, including China, which serves as a major supplier for Amazon&#8217;s two million marketplace sellers. Jassy noted that seller diversity helps maintain competitive pricing, as many merchants choose to &#8220;take share and not increase prices&#8221; rather than pass tariff costs to consumers.
The inflation commentary comes as recent PCE <a href="https://www.benzinga.com/markets/economic-data/25/06/46137796/inflation-is-heating-up-again-are-tariffs-to-blame">data showed core inflation accelerating</a> to 2.7% year-over-year in May, exceeding Federal Reserve targets. Personal income fell 0.4% month-over-month, marking the first decline since September 2021, while consumer spending contracted 0.1%.
Federal Reserve Chair Jerome Powell told Congress last week that tariff increases &#8220;are likely to push up prices and weigh on economic activity,&#8221; though effects could be &#8220;short-lived&#8221; or &#8220;more persistent&#8221; <a href="https://www.benzinga.com/markets/economic-data/25/06/46077396/powell-interest-rates-trump-inflation-tariffs">depending on the implementation scale</a>. A &#8220;significant majority&#8221; of Fed officials expect rate cuts later this year if inflation or labor data weakens.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46186877/emmanuel-macron-calls-tariffs-blackmail-white-house-shoots-back-saying-trump-is-doing-whats-right-for-our-people">Emmanuel Macron Calls Tariffs &#8216;Blackmail,&#8217; White House Shoots Back Saying Trump Is &#8216;Doing What&#8217;s Right For Our People&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Economics

AMZN

Tom Lee Calls Amazon An Early Signal As Andy Jassy Says No Price Hike Despite Trump Tariffs: 'Absence Of Inflation' Is A 'Positive' Sign

The Trump administration is reportedly lowering its aspirations for comprehensive reciprocal deals. Instead, it is favoring narrower agreements to avoid the reimposition of U.S. tariffs.
What Happened:  The US is now seeking phased deals with key countries, with the aim of reaching agreements by July 9, <a href="https://www.ft.com/content/e268d462-593c-45b1-8cf1-c3d382219dd2">reported</a> the Financial Times on Tuesday. This shift in strategy is a departure from the White House&#8217;s initial plan to secure 90 trade deals during the 90-day pause in reciprocal tariffs announced by President Donald Trump in April.
Under the new plan, countries that agree to these narrower deals would avoid the more severe reciprocal tariffs, but would still be subject to the existing 10% levy while discussions on more contentious issues continue. The administration is also weighing the option of introducing tariffs on key industries. Despite this, the negotiations remain complex, and the administration is still contemplating imposing tariffs on crucial sectors. This two-pronged strategy—combining the threat of new tariffs with a willingness to strike deals—highlights the difficulties negotiators encounter with Trump, who often leverages trade to extract concessions from other nations.
Despite this change in approach, the U.S. has only managed to secure a trade pact with the U.K. and a tentative truce with China. The U.S. Commerce Department has launched national security investigations into a range of products, including copper, lumber, aerospace components, pharmaceuticals, semiconductors, and critical minerals.
SEE ALSO: <a href="https://benzinga.com/news/politics/25/06/46162859/trump-threatens-to-cut-federal-funding-for-nyc-if-zohran-mamdani-doesnt-do-the-right-thing-as-futur" target="_blank" rel="noreferrer noopener">Trump Threatens To Cut Federal Funding For NYC If Zohran Mamdani Doesn&#8217;t Do The &#8216;Right Thing&#8217; As Future Mayor: &#8216;If He Does Get In, I&#8217;m Going To Be President&#8230;&#8217;</a>
Why It Matters: This shift in the U.S. trade strategy comes on the heels of President Trump&#8217;s announcement that he will bypass individual trade agreements and set new tariff rates unilaterally for various trading partners through letters. 
Trump&#8217;s preference for this method was voiced on Fox News&#8217; &#8220;Sunday Morning Futures,&#8221; where he stated, &#8220;We made deals, but I&#8217;d rather just send them a letter, a very fair letter, saying &#8216;congratulations, we&#8217;re going to <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46163141/trump-says-hell-skip-trade-deals-set-global-tariffs-with-a-letter-pay-a-25-tariff-or-20-or-40-or-50">allow you</a> to trade in the United States of America, you&#8217;re going to pay a 25% tariff, or 20%, or 40 or 50%.&#8221;
Meanwhile, French President Emmanuel Macron has criticized the <a href="https://www.benzinga.com/news/politics/25/07/46186877/emmanuel-macron-calls-tariffs-blackmail-white-house-shoots-back-saying-trump-is-doing-whats-right-for-our-people">use of tariffs </a>as &#8220;blackmail&#8221; instruments by powerful nations, without directly naming Trump or the United States. His comments came as the European Union continues negotiations with the U.S. before the July 9 deadline.
Despite the uncertainty surrounding the upcoming tariff deadline, ETF investors seem to be maintaining their composure. While Trump&#8217;s return to tariff diplomacy has reignited diplomatic turmoil and corporate jitters, ETF performances have been surprisingly <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/06/46180782/trumps-tariff-clock-ticks-but-taco-traders-arent-losing-their-cool">resilient</a>.
Over the past six months, country-specific ETFs that are linked to halted negotiations, KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) surged 19.53%, iShares MSCI India ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/INDA#BATS">INDA</a>) rose 4.27% while Global X FTSE Southeast Asia ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASEA#NYSE">ASEA</a>), climbed 2.13%.
<ul class="wp-block-list">
<li>READ MORE:<a href="https://www.benzinga.com/news/politics/25/06/46163327/trump-starmer-trade-deal-kicks-in-uk-luxury-cars-get-10-tariff-rolls-royce-engines-fly-duty-free-into-us"> Trump–Starmer Trade Deal Kicks In: UK Luxury Cars Get 10% Tariff, Rolls-Royce Engines Fly Duty-Free Into </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.

ASEA

INDA

KWEB

Trump Administration Reportedly Scales Back Ambitions For Comprehensive Trade Deals Before Tariff Deadline

Burford Capital Reports Key Court Order In Argentina Enforcement; YPF Shares To Be Transferred Via BNY Mellon

Financial analyst and strategist Tom Lee stated Monday that Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) will play a crucial role in the banking sector&#8217;s future, highlighting the rationale for buying and holding the second-largest cryptocurrency in reserves.
What Happened: During a CNBC interview, Lee was confident that financial behemoths such as Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) and JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) would use Ethereum to <a href="https://www.benzinga.com/markets/cryptocurrency/25/06/45998961/ethereum-l2-chosen-for-jpmorgans-new-step-in-public-blockchain-space">power their stablecoin offerings</a>.
&#8220;Ethereum is also the architecture that future banks will have. When Goldman issues a stablecoin and JPMorgan doing it on Ethereum, as a Layer-1 blockchain they&#8217;re going to want to secure it by staking Ethereum,&#8221; Lee said. &#8220;We&#8217;re trying to get in front.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The ETH thesis for <a href="https://twitter.com/fundstrat?ref_src=twsrc%5Etfw">@fundstrat</a> is simple. He&#39;s frontrunning ETH accumulation by the banks. &quot;Ethereum is also the architecture that future banks will have. When goldman issues a stablecoin and JPMorgan doing it on Ethereum as Layer 1 blockchain they&#39;re going to want to secure it… <a href="https://t.co/MyyJz94rXw">pic.twitter.com/MyyJz94rXw</a>
&mdash; RYAN SΞAN ADAMS &#8211; rsa.eth &#x1f984; (@RyanSAdams) <a href="https://twitter.com/RyanSAdams/status/1939686608254460283?ref_src=twsrc%5Etfw">June 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Lee announced his new role as chairman of BitMine Immersion Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BMNR#AMEX">BMNR</a>), a small-cap Bitcoin mining firm that will transition to an Ethereum-focused treasury company, adopting ETH as its primary reserve asset.
He said that the company wants to &#8220;get in front&#8221; of the impending ETH accumulation by Wall Street giants.
BitMine shares skyrocketed on Monday, closing at $33.90, up 694%. As of this writing, the stock had an average Value rating and a poor Momentum. Visit Benzinga Edge Stock Rankings to see how Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), the pioneer of a cryptocurrency treasury a, stacks up.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="548" height="248" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01013526/image-1.png" alt="" class="wp-image-967855" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01013526/image-1.png 548w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01013526/image-1-300x136.png 300w" sizes="(max-width: 548px) 100vw, 548px" /></figure>
Why It Matters: Ethereum works on a <a href="https://www.benzinga.com/money/how-to-stake-ethereum-eth#:~:text=What%20is%20Ethereum%20Staking%3F,have%20control%20over%20your%20money.">proof-of-stake model</a> where users contribute to the network&#8217;s security by staking ETH. It also lets users earn rewards in return.
Moreover, due to its smart contract capabilities and its role as a leading platform for decentralized finance applications, it plays a significant role in powering stablecoins. According to <a href="https://defillama.com/stablecoins/chains">DeFiLlama</a>, it has a stablecoin market capitalization exceeding $126 billion, the highest among all networks.
Price Action:  At the time of writing, ETH was exchanging hands at $2,482.94, down 0.85% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Photo Courtesy: alfernec on Shuttertsock.com Read Next: 
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46175268/ethereum-traders-target-4000-in-summer-whats-fueling-the-optimism">Ethereum Traders Target $4,000 In Summer: What&#8217;s Fueling The Optimism?</a></li>
</ul>

Small Cap

$ETH

BMNR

Ethereum The Next Big Thing In Banking? Tom Lee Thinks So And Wants This Small-Cap Company He Chairs To Front-Run The Likes Of Goldman Sachs, JPMorgan

With U.S. stock futures trading higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects MSC Industrial Direct Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) to report quarterly earnings at $1.03 per share on revenue of $970.23 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. MSC Industrial Direct shares slipped 0.1% to $84.96 in after-hours trading.</li>
<li>Nektar Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKTR#NASDAQ">NKTR</a>) disclosed a proposed public offering of common stock. Nektar Therapeutics fell 2.4% to $25.22 in the after-hours trading session.</li>
<li>Analysts are expecting Constellation Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) to post earnings at $3.31 per share on revenue of $2.55 billion for the latest quarter. The company will release earnings after the markets close. Constellation shares rose 0.5% to $163.49 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>Progress Software Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) posted better-than-expected earnings for the second quarter, while sales missed estimates. The company also raised its guidance for FY2025. Progress Software shares fell 7.2% to $59.27 in the after-hours trading session.</li>
<li>Analysts expect The Greenbrier Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) to post quarterly earnings at 98 cents per share on revenue of $785.72 million after the closing bell. Greenbrier shares gained 1% to $46.50 in after-hours trading.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/46169288/5-stocks-in-the-spotlight-wall-streets-most-accurate-analysts-weigh-in">5 Stocks In The Spotlight: Wall Street&#8217;s Most Accurate Analysts Weigh In</a> </li>
</ul>
Photo courtesy: T. Schneider / Shutterstock.com

Pre-Market Outlook

NKTR

PRGS

MSC Industrial Direct, Constellation Brands And 3 Stocks To Watch Heading Into Tuesday

BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) has unveiled a new, longer-range trim of the company's best-selling car, the Seagull EV, in China amid the EV price war.
What Happened: The Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rival unveiled the long-range trim, priced at $11,000 on Monday. The hatchback offers 252 miles of CLTC range on a single charge, with a 38.9 kWh battery pack.
BYD offers the Seagull in 4 trim levels, with the base Vitality trim offered for $7,800 and the range-topping Flying trim available for $11,800. Seagull is also equipped with BYD's God's Eye advanced driver assistance system.
Why It Matters: The news comes in as BYD has been offering aggressive discounts in the highly competitive Chinese auto industry, which is currently <a href="https://www.benzinga.com/news/topics/25/06/45715047/byds-aggressive-pricing-triggers-ev-rat-race-stock-tumbles-authorities-voice-concern">grappling with a price war</a>.
BYD also recently released the <a href="https://www.benzinga.com/markets/tech/25/06/45855643/tesla-rival-byd-launches-15000-seal-06-sedan-as-chinas-ev-price-war-heats-up">Seal 06 sedan</a>, priced at $15,000, positioned squarely against the Tesla Model 3, which it undercuts by almost half as the Model 3 retails for around $30,000 in China.
The company has also been expanding its presence in other markets. BYD recently launched the Seagull EV's Euro-spec version, dubbed the <a href="https://www.benzinga.com/markets/25/05/45560953/byds-europe-pivot-in-full-swing-with-new-26000-affordable-ev-amid-tesla-sal">Dolphin Surf EV</a>, which is priced at around $26,000 in the region.
Despite the European expansion, the company has had to deal with some issues, with reports suggesting that the company planned to scale down production, <a href="https://www.benzinga.com/markets/asia/25/06/46111314/byd-denies-production-cutbacks-amid-ev-price-war-says-output-remains-stable-report">which BYD denied</a>.
Xiaomi Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>) also unveiled the company's very first <a href="https://www.benzinga.com/markets/asia/25/06/46132552/telsla-model-y-rival-xiaomi-yu7-suv-receives-nearly-300000-orders-in-1-hour-in-china">all-electric SUV</a>, the YU7, which goes up against the Tesla Model Y in China.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46069883/teslas-china-sales-slip-over-10-in-mid-june-after-strong-may-surge">Tesla&#8217;s China Sales Slip Over 10% in Mid-June After Strong May Surge</a></li>
</ul>
Photo courtesy: Tada Images / Shutterstock.com

BYDDF

BYDDY

TSLA

XIACY

Tesla Rival BYD Launches $11,000 Long-Range Trim Of Its Best-Selling Seagull EV As Price War Heats Up

Reported Earlier, TELUS Confirms Pricing And Acceptance Results For Multiple Note Series, With Settlement And Accrued Interest Payments Expected July 3

MESO

Reported Earlier, Mesoblast And FDA Reach Alignment On Key Requirements For Revascor Biologics License Application Targeting Ischemic Heart Failure With Inflammation

Each unit consists of one Class A ordinary share and one right. Each right entitles the holder to receive one-fifth (1/5) of one Class A ordinary share upon consummation of the Company's initial business combination.&nbsp;

IPOs

NMPAU

Reported Earlier, NMP Acquisition Corp. Prices $100M Initial Public Offering Of 10M Units At $10.00 Each

Reported Earlier, Dyne Therapeutics Prices $200M Public Offering Of 24,242,425 Common Shares At $8.25 Each

The Supreme Court rejected Monday an appeal to block the Internal Revenue Service from accessing&nbsp; Coinbase Global Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) user data.
What happened: The apex court denied a request from James Harper, a Coinbase account holder, who argued that the summons by the IRS demanding users' transaction data violated their privacy rights under the Fourth Amendment.
Harper filed a lawsuit against the agency in 2020, but it was dismissed by the U.S. District Court for the District of New Hampshire in 2021.
The Supreme Court decided not to review the decision, meaning that the lower court's ruling stands.
Coinbase filed an amicus brief in May supporting Harper's case, arguing that the government&#8217;s sweeping data <a href="https://www.benzinga.com/government/regulations/25/05/45185950/coinbase-challenges-irs-data-demands-at-us-supreme-court">requests threaten Americans&#8217; digital privacy</a>.&nbsp;
Paul Grewal, Coinbase's legal head, expressed disappointment with the decision but vowed to "continue the fight."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Someday we will wake up to the truth that expectations of privacy do not disappear when personal information is entrusted to a third party. Just not today. We will continue the fight. <a href="https://t.co/Lgv7w9g7sY">https://t.co/Lgv7w9g7sY</a>
&mdash; paulgrewal.eth (@iampaulgrewal) <a href="https://twitter.com/iampaulgrewal/status/1939909627568955584?ref_src=twsrc%5Etfw">July 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action:&nbsp; Shares of Coinbase dipped 0.58% in after-hours trading after closing 0.82% lower at $350.53 during Wednesday's regular trading session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the stock has gained 41%.
COIN demonstrated a very high momentum score—a measure of the stock&#8217;s relative strength based on its price movement patterns and volatility over multiple timeframes—as of this writing. To check out equities with an even higher Momentum score, head to <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="557" height="242" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01022837/image-2.png" alt="" class="wp-image-967904" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01022837/image-2.png 557w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01022837/image-2-300x130.png 300w" sizes="(max-width: 557px) 100vw, 557px" /></figure>
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/06/46186154/cathie-woods-monday-moves-loads-up-on-amd-stock-lightens-coinbase-crypto-bet">Cathie Wood&#8217;s Monday Moves: Loads Up On AMD Stock, Lightens Coinbase Crypto Bet</a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46148904/donald-trump-says-bitcoin-takes-a-lot-of-pressure-off-the-dollar"> </a></li>
</ul>

COIN

Coinbase Legal Head Vows To 'Continue The Fight' After Supreme Court Rejects Appeal To Block IRS From Accessing User Data

Reported Earlier, Tempus AI Prices Upsized $650M Convertible Senior Notes Due 2030 At 0.75% Interest, Reflecting $250M Increase Over Initial Plan

Former Vice President&nbsp;Mike Pence&nbsp;is mobilizing his advocacy group,&nbsp;Advancing American Freedom, to push for&nbsp;an extension of the 2017&nbsp;tax cuts, a key component of the reconciliation package currently under review in Congress.
What Happened: Advancing American Freedom, founded by Pence, has initiated a campaign to extend the 2017 tax cuts.&nbsp;The group has launched a website that offers information and resources highlighting the advantages of the tax cuts. The website also explains how allowing the tax cuts to expire could lead to tax increases for families and businesses, and highlights how the tax cuts have contributed to federal revenue, &nbsp;<a href="https://thehill.com/business/5376453-pence-group-pushes-tax-cuts-extension/?ref=biztoc.com">reported</a>&nbsp;The Hill.
The website launch is being paired with a letter to lawmakers and their staff, promoting it as a &#8220;one-stop shop&#8221; for information on why the tax cuts should be extended. The group is also restarting its ad campaign in Washington, D.C., featuring a spot that urges lawmakers to support the extension.
The Senate is currently advancing the reconciliation package, which features an extension of the 2017 tax cuts, increased funding for border security, and other major components of President Donald Trump&#8216;s agenda. However, some Republicans have expressed concerns about the bill&#8217;s potential effect on the national debt and Medicaid provisions.
SEE ALSO: <a href="https://benzinga.com/news/politics/25/07/46186877/emmanuel-macron-calls-tariffs-blackmail-white-house-shoots-back-saying-trump-is-doing-whats-right-f" target="_blank" rel="noreferrer noopener">Emmanuel Macron Calls Tariffs &#8216;Blackmail,&#8217; White House Shoots Back Saying Trump Is &#8216;Doing What&#8217;s Right For Our People&#8217;</a>
Why It Matters: The&nbsp;extension of the 2017 tax&nbsp;cuts has been a contentious issue in Congress. The&nbsp;<a href="https://www.benzinga.com/markets/equities/25/05/45536595/big-beautiful-bill-will-explode-the-deficit-and-make-the-rich-richer-congressional-budget-office-estimates-4-income-fall-for-lowest-decile-of-americans-by-2033">Congressional Budget Office</a>&nbsp;(CBO) estimated that the tax changes, including extending the 2017 tax act, would increase the federal deficit by $3.8 trillion. This has raised concerns about the bill&#8217;s&nbsp;impact on the national debt, a concern that has been echoed by some Republicans.
In May, it was reported that the 2017&nbsp;<a href="https://www.benzinga.com/politics/25/05/45178685/tax-cuts-and-jobs-act-could-expire-at-end-of-2025-without-congressional-extension-what-this-means-for-you">Tax Cuts and Jobs Act</a>&nbsp;could expire at the end of 2025 without a congressional extension. With Republican control of the presidency, the House of Representatives, and the Senate,&nbsp;an extension of the 2017&nbsp;tax bill was expected to be a priority. However, the bill&#8217;s progress has been slow, and its potential&nbsp;impact on the national debt&nbsp;has been a point of contention.
Meanwhile, Pence has recently become more vocal in backing Trump's policies, despite having criticized them on multiple occasions in the past. In June, he&nbsp;lauded Trump&#8217;s <a href="https://www.benzinga.com/news/politics/25/06/46046249/mike-pence-lauds-trumps-decisive-leadership-on-the-historic-mission-against-irans-nuclear-program-i-couldnt-be-more-proud">decisive leadership</a>&nbsp;in the historic mission against Iran&#8217;s nuclear program, praising the U.S. military&#8217;s courage and professionalism in executing the mission as a continuation of the Trump administration&#8217;s firm policies.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46186853/ray-dalio-says-politicians-that-promise-not-to-raise-your-taxes-not-aligned-with-preventing-a-big-debt-dollar-crisis-to-me-thats-a-tragedy">Ray Dalio Says Politicians That Promise Not To &#8216;Raise Your Taxes&#8217; Not Aligned With Preventing A &#8216;Big&#8217; Debt, Dollar Crisis: &#8216;To Me, That&#8217;s A Tragedy&#8217;</a> </li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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