BrightSpire Capital (NYSE:BRSP) Stock

BRIGHTSPIRE CAPITAL INC

BrightSpire Capital

BrightSpire Capital Inc is an internally-managed commercial real estate credit REIT focused on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and net lease real estate investments predominantly in the United States. CRE debt investments consist of first mortgage loans with the objective of generating consistent risk-adjusted returns. The operating segments of the company are Senior and Mezzanine Loans and Preferred Equity, Net Leased and Other Real Estate, Corporate and Other. Geographically, the company generates revenue from the United States.

Also Inc., a micromobility company spun off from Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), has raised $200 million in funding, taking its post-money valuation to over $1 billion.
What Happened: The company raised $200 million through funding from Greenoaks Capital, according to a Bloomberg report <a href="https://www.bloomberg.com/news/articles/2025-07-08/rivian-spinoff-making-small-evs-said-to-be-valued-at-1-billion">on</a> Tuesday.
Also had previously raised $105 million when it spun off from Rivian, with the automaker retaining a minority stake in the company via its investment, as well as funding from Eclipse Ventures, the report suggests.
The company focuses on micromobility, which includes EVs designed for shorter trips, including all-electric bicycles or e-bikes, among other form factors. However, the company hasn&#8217;t revealed any designs yet.
Why It Matters: The news comes as Rivian <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46224223/rivians-production-dips-for-next-gen-models-volkswagen-infusion-boosts-outlook">delivered 10,661 units</a> in Q2 2025, as the company released its quarterly deliveries and production reports. Rivian also reaffirmed the yearly delivery guidance of 40-46k vehicles.
Rivian is also expanding its partnership with Volkswagen Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), which is broadly <a href="https://www.benzinga.com/24/11/41934150/rivian-shares-rise-13-in-pre-market-after-volkswagen-increases-planned-investment-to-58b">valued at $5.8 billion</a>, to accelerate the development of EV platforms and software.
BNP Paribas thinks <a href="https://www.benzinga.com/markets/tech/25/07/46259390/trumps-tax-bill-could-be-a-boost-for-tesla-rivals-rivian-lucid-amid-ev-slowdown-says-bnp-paribas">Rivian could benefit</a> from U.S. President Donald Trump's tax bill as legacy automakers could scale back on EV ambitions, leaving more market share to capitalize on.
Rivian offers poor Momentum but scores well on the Value metric. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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</ul>
Photo courtesy: Michael Berlfein via Shutterstock

Tech

RIVN

VWAGY

Rivian Spinoff Also Inc. Hits $1 Billion Valuation After Raising $200 Million: Report

Macro Economic Events

News

Econ #s

Economics

Reported Earlier, China Producer Price Index (YoY) For June -3.6% Vs. -3.2% Est.; -3.3% Prior

Reported Earlier, China Consumer Price Index (YoY) For June 0.1% Vs. -0.1% Est.; -0.1% Prior

Reported Earlier, China Consumer Price Index (MoM) For June -0.1% Vs. 0.0% Est.; -0.2% Prior

Reported Earlier, Australia Building Approvals (MoM) For May 3.2% Vs. 3.2% Est.; -4.1% Prior

Calidi Biotherapeutics Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDI#NYSE">CLDI</a>) stock surged by 39.47% in the after-hours trading session on Tuesday. The stock price increased by $0.095, reaching $0.34. The company&#8217;s stock had closed at $0.24 on the same day.
What Happened: The stock&#8217;s after-hours surge comes on the heels of a development in the healthcare sector. Calidi Biotherapeutics has been making headlines for its innovative approaches to cancer treatment.&nbsp;
On Tuesday, it was reported that <a href="https://www.benzinga.com/insights/movers/25/07/46309202/12-health-care-stocks-moving-in-tuesdays-after-market-session">12 health care stocks</a>, including Calidi Biotherapeutics, were experiencing movement in the after-market session.
See Also: <a href="https://benzinga.com/trading-ideas/long-ideas/25/07/46297927/cramer-says-this-missile-stock-is-making-a-lot-of-people-a-lot-of-money">Cramer Says This Missile Stock Is &#8216;Making A Lot Of People A Lot Of Money&#8217;</a>
In May, the company <a href="https://www.benzinga.com/news/earnings/25/05/45422183/calidi-biotherapeutics-q1-eps-0-18-misses-0-15-estimate">reported first-quarter loss per share</a> of $0.18, which missed the $0.15 estimate.
Why It Matters: The after-hours surge in Calidi Biotherapeutics&#8217; stock price is indicative of investor confidence in the company&#8217;s future prospects. The company&#8217;s innovative approach to cancer treatment, as evidenced by the selection of<a href="https://www.benzinga.com/news/25/04/45036766/calidi-biotherapeutics-says-il15-superagonist-chosen-as-first-payload-to-be-delivered-into-tumors-us"> IL15 superagonist</a>, has been a key driver of investor interest.
Amidst a backdrop of developments in the healthcare sector, such as Mustang Bio Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBIO#NASDAQ">MBIO</a>) <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46280070/mustang-bio-mbio-stock-explodes-260-after-fda-grants-key-cancer-drug-designation">stock exploding by 260%</a> after the FDA granted Orphan Drug Designation to its cell therapy candidate, MB-101, it suggests investors are closely watching the biotech industry for potential opportunities.
Price Action: CLDI surged 39.47% during regular trading and jumped another 68.99% after hours on Tuesday, according to <a href="https://www.benzinga.com/quote/cldi">Benzinga Pro</a> data.
Benzinga Edge Stock Rankings shows Calidi Biotherapeutics with a Momentum score of 1.63. Here is<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> how the stock fares </a>on other parameters.
<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 loading="lazy" decoding="async" width="860" height="164" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08233433/Screenshot-2025-07-09-090420.png" alt="" class="wp-image-977485" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08233433/Screenshot-2025-07-09-090420.png 860w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08233433/Screenshot-2025-07-09-090420-300x57.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08233433/Screenshot-2025-07-09-090420-768x146.png 768w" sizes="(max-width: 860px) 100vw, 860px" /></a></figure>
Read Next: <a href="https://benzinga.com/markets/tech/25/07/46291445/tesla-tanks-68-billion-as-elon-musk-unveils-america-party-investors-rattle-over-political-pivot-trump-backlash-adds-fuel">Tesla Tanks $68 Billion As Elon Musk Unveils &amp;#39;America Party&amp;#39;—Investors Rattle Over Political Pivot, Trump Backlash Adds Fuel</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Gorodenkoff via Shutterstock
Photo courtesy: <a href="http://shutterstock.com">Shutterstock.com</a>

Biotech

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MBIO

Calidi Biotherapeutics Stock Jumps 39% After Hours — What's Going On

Cronos (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">CRO</a>) topped the daily gainers list Tuesday after the Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) filed for an exchange-traded fund that would offer exposure to the token.
What happened: CRO, the native token of cryptocurrency exchange Crypto.com, soared over 18% in the last 24 hours, reaching levels last seen nearly a month ago. The coin's trading volume exploded a whopping 1911.41% to nearly $224 million, signaling high liquidity and trader interest.
In doing so, CRO <a href="https://www.benzinga.com/crypto/25/07/46311660/bitcoin-ethereum-dogecoin-recover-even-as-trump-reiterates-august-tariff-deadline-analyst-sees-move-to-120000-130000-if-btc-breaks-above-this-silly-wall">outgained</a> Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and other high-value tokens.
The rally comes after Trump Media, co-founded and <a href="https://in.benzinga.com/25/03/44268596/trumps-net-worth-plummets-by-nearly-300m-as-djt-stock-drops-to-its-lowest-since-october">majority-owned by</a> President Donald Trump, filed to launch the &#8220;Crypto Blue Chip&#8221; ETF that <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46298615/trump-medias-new-crypto-blue-chip-etf-filing-comes-with-a-twist">would directly hold a basket of major digital assets</a>, including CRO.
Price Action:&nbsp; At the time of writing, CRO was exchanging hands at $0.09513, up 18.7% 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>.
Shares of Trump Media were down 0.47% in after-hours trading after closing 2.83% higher at $19.26&nbsp; during Tuesday&#8217;s regular trading session.
The Trump Media &amp; Technology Group stock ranked low on the Momentum and Value scores. Visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> to discover how it score across these vital metrics.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="437" height="187" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08235645/image-88.png" alt="" class="wp-image-977519" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08235645/image-88.png 437w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08235645/image-88-300x128.png 300w" sizes="(max-width: 437px) 100vw, 437px" /></a></figure>
Photo Courtesy: ddRender on Shutterstock.com
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46148904/donald-trump-says-bitcoin-takes-a-lot-of-pressure-off-the-dollar">Donald Trump Says &#8216;Bitcoin Takes A Lot Of Pressure Off The Dollar&#8217;</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Movers

Trading Ideas

$BTC

$CRO

$DOGE

$ETH

Trump Media's Latest ETF Filing Made This Crypto Rally 18% — Bitcoin, Ethereum, Dogecoin Left Trailing

Sen. Chuck Schumer (D-N.Y.) has slammed U.S. President Donald Trump's pick for the FAA Administrator role, Bryan Bedford, over the 1,500-hour rule. The rule stipulates that all pilots must undergo 1,500 hours of training to qualify for a commercial flight license.
What Happened: The senator took to social media platform X to share his criticism of Bedford's nomination for the role on Tuesday.&nbsp;
"For years, I have worked with the families of Flight 3407 years to establish and protect the 1,500-hour rule after they all lost loved ones in the tragic plane crash that occurred on a winter&#8217;s night in Western New York," Schumer said.
Schumer added that the 1,500-hour training was required to prevent another crash and that it's "the gold standard" of aircraft pilot training. "With everything that's happened this year, Americans don't want pilots with less training," Schumer said.
He slammed the Republicans for advancing Bedford's nomination. "He will weaken safety standards and prioritize profits over passenger safety," Schumer said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">For years, I have worked with the families of Flight 3407 years to establish and protect the 1,500-hour rule after they all lost loved ones in the tragic plane crash that occurred on a winter&#39;s night in Western New York. In the face of unspeakable loss, they worked relentlessly…
&mdash; Chuck Schumer (@SenSchumer) <a href="https://twitter.com/SenSchumer/status/1942737298535104896?ref_src=twsrc%5Etfw">July 9, 2025</a></blockquote>
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Why It Matters: Schumer's criticism coincides with what is a turbulent time for the U.S. aviation industry, with January's <a href="https://www.benzinga.com/general/travel/25/01/43343648/all-60-passengers-4-crew-members-onboard-american-airlines-jet-feared-dead-after-midair-collision-official-says">fatal air crash</a> near the Ronald Reagan Washington National Airport resulting in over 64 lives lost.&nbsp;
Aging equipment, as well as staffing woes, have <a href="https://www.benzinga.com/general/travel/25/05/45341520/faa-mulls-cutting-flights-at-newark-airport-amid-staffing-woes-and-equipment-failures-report">plagued the sector</a>, with Bedford reaffirming the need for a "significant investment" to <a href="https://www.benzinga.com/news/politics/25/06/45876762/trumps-faa-nominee-says-significant-investment-needed-to-upgrade-air-traffic-control-report">modernize the Air Traffic systems</a>.
American aircraft manufacturer Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) has also been under fire for safety and quality issues following a fatal incident when a Boeing 787 Dreamliner, operated by Air India, crashed <a href="https://www.benzinga.com/markets/tech/25/07/46310975/air-india-boeing-787-dreamliner-crash-report-expected-on-friday-as-investigation-centers-on-engine-fuel-control-switches-report">moments after takeoff</a> in Ahmedabad in India's Gujarat state. The crash resulted in 241 lives lost.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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</ul>
Photo courtesy: Chad Robertson Media / Shutterstock.com

Politics

Chuck Schumer Slams Trump's FAA Chief Pick Bryan Bedford Over 1,500-Hour Rule: 'He Will Weaken Safety Standards'

President Donald Trump announced on Tuesday on Truth Social that the U.S. will release trade agreements with &#8220;a minimum of 7 Countries&#8221; Wednesday morning, with additional countries following in the afternoon.
What Happened: &#8220;We will be releasing a minimum of 7 Countries having to do with trade, tomorrow morning, with an additional number of Countries being released in the afternoon,&#8221; Trump wrote on his platform. &#8220;Thank you for your attention to this matter!&#8221;
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="321" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08233652/image-87-1024x321.png" alt="" class="wp-image-977494" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08233652/image-87-1024x321.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08233652/image-87-300x94.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08233652/image-87-768x241.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08233652/image-87.png 1180w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The announcement comes as Trump intensifies bilateral trade pressure through comprehensive tariff restructuring. Commerce Secretary Howard Lutnick <a href="https://www.benzinga.com/news/politics/25/07/46267477/trump-threatens-10-additional-tariff-on-all-brics-aligned-nations-says-tariff-letters-drop-at-noon-monday">confirmed plans to finalize deals with ten major trading partners</a> by July 9, as previously reported.
Only the United Kingdom has <a href="https://www.benzinga.com/news/politics/25/07/46288813/treasury-secretary-scott-bessent-plans-china-talks-amid-trumps-escalating-tariff-push">secured preferential treatment</a>, with auto tariffs reduced from 27.5% to 10% and aerospace duties eliminated, benefiting companies like Rolls-Royce Holdings.
See Also: <a href="https://www.benzinga.com/crypto/25/07/46311660/bitcoin-ethereum-dogecoin-recover-even-as-trump-reiterates-august-tariff-deadline-analyst-sees-move-to-120000-130000-if-btc-breaks-above-this-silly-wall">Bitcoin, Ethereum, Dogecoin Recover Even As Trump Reiterates August Tariff Deadline: Analyst Sees Move To $120,000-$130,000 If BTC Breaks Above This &#8216;Silly Wall&#8217;</a>
Why It Matters: The shift in strategy from multilateral negotiations to bilateral letters reflects Trump&#8217;s preference for direct, country-to-country deals. On Sunday, Trump threatened an additional 10% tariff on any country aligning with BRICS anti-American policies, targeting the ten-nation alliance, including China, Russia, India, and Brazil.
Meanwhile, Treasury Secretary Scott Bessent announced plans to meet with his Chinese counterpart &#8220;sometime in the next couple of weeks&#8221; to <a href="https://www.benzinga.com/news/politics/25/07/46288813/treasury-secretary-scott-bessent-plans-china-talks-amid-trumps-escalating-tariff-push">advance trade discussions between the world&#8217;s two largest economies</a>, according to a CNBC interview Monday.
Japan faces 25% tariff rates with negotiations extended until August 1 due to domestic political constraints from the country&#8217;s July 20 upper house election. Prime Minister Shigeru Ishiba told NHK Japan won&#8217;t &#8220;make easy compromises&#8221; on automobile tariffs.
Economists have <a href="https://www.benzinga.com/news/25/07/46288703/trumps-letters-to-japan-and-korea-attract-criticism-from-economists-move-demonstrates-complete-lack-of-understanding-of-trade">criticized Trump&#8217;s approach</a>, with Peter Schiff calling the tariff strategy &#8220;a complete lack of understanding of trade,&#8221; noting Japan&#8217;s average tariffs on U.S. goods are under 2% and South Korea&#8217;s under 1%.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Joey Sussman on Shutterstock.com

RYCEY

Trump's Trade Storm Is Coming: Morning Drop Hits 7 Nations, More To Follow

An AI-powered impersonation of Secretary of State Marco Rubio has raised alarm at the U.S. State Department after attempts were made to deceive several high-ranking officials.
What Happened: An unknown actor used artificial intelligence to impersonate Rubio, creating a Signal account under the name "marco.rubio@state.gov," <a href="https://edition.cnn.com/2025/07/08/politics/marco-rubio-artificial-intelligence-impersonation">reported</a> CNN, citing a cable.&nbsp;
The impersonator contacted at least five individuals, including three foreign ministers, a U.S. governor and a member of Congress, aiming to gain "access to information or accounts."
The cable warned U.S. diplomats globally of "two distinct campaigns" in which cyber actors were posing as State Department officials using email and messaging apps.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/07/46301582/metas-ai-empire-grows-fueled-by-openai-deepmind-apple-defectors" target="_blank" rel="noreferrer noopener">Meta's AI Empire Grows — Fueled By OpenAI, DeepMind, Apple Defectors</a>
"The actor likely aimed to manipulate targeted individuals using AI-generated text and voice messages," the cable noted.
The State Department confirmed awareness of the incident and said it is investigating.
"The department takes seriously its responsibility to safeguard its information and continuously takes steps to improve the department's cybersecurity posture to prevent future incidents," a spokesperson said Tuesday.
Why It's Important: This AI-driven impersonation comes amid rising cyber threats linked to foreign adversaries. The cable also detailed a second Russia-linked campaign that involved phishing attempts targeting Gmail accounts of scholars, activists and journalists.
Cybersecurity researchers, including 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's Threat Intelligence Group and the University of Toronto's Citizen Lab, say these targeted operations reflect <a href="https://www.benzinga.com/news/22/09/28983422/googles-study-claims-russia-resorting-to-cyberattacks-against-ukraine">growing sophistication</a> by state-linked hackers like Russia's APT29.
The FBI is investigating related incidents, including past impersonations of other senior U.S. officials. The State Department advised external partners to report any impersonation attempts to the FBI's Internet Crime Complaint Center, the report said.
Last year, an AI-generated voice <a href="https://www.benzinga.com/news/24/01/36731683/ai-biden-impersonation-shakes-up-new-hampshire-primary-sparks-vote-skipping-scandal">impersonating former President</a> Joe Biden was used in a robocall that told New Hampshire voters not to cast their ballots in the state's primary election.
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46258669/tesla-made-2-76-billion-from-zev-credits-in-2024-in-us-but-trumps-tax-bill-just-killed-this-revenue-stream" target="_blank" rel="noreferrer noopener">Tesla Made $2.76 Billion From ZEV Credits In 2024 In US But Trump's Tax Bill Just Killed This Revenue Stream</a></li>
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Photo Courtesy: Maxim Elramsisy on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

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Marco Rubio Impersonator Used AI To Contact 3 Foreign Ministers With The Intent To Gain 'Access To Information' — State Department Reacts

Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.) and former Treasury Secretary Lawrence Summers are voicing their concerns on the provisions of the recently passed &#8220;One Big, Beautiful Bill,&#8221; warning of significant consequences for working American families. 
What Happened: On Tuesday, in a post on X, Warren criticized Republicans for backing the bill, saying they now &#8220;own the fact&#8221; that 17 million people are projected to lose health care coverage.
She added that the cuts will lead to higher grocery prices, rising student loan payments, and increased utility bills. &#8220;We will never let Republicans forget they chose Trump over the American people,&#8221; Warren said.
See Also: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46300815/solar-stocks-get-a-reprieve-as-trumps-big-beautiful-bill-lands-softer-than-feared">Solar Stocks Get A Reprieve As Trump&#8217;s &#8216;Big Beautiful Bill&#8217; Lands Softer Than Feared</a>
The bill that passed with Vice President JD Vance&#8217;s <a href="https://www.benzinga.com/news/politics/25/07/46211326/one-big-beautiful-bill-passes-senate-with-jd-vances-tie-breaking-vote-trump-says-its-going-to-go-very-nicely-in-the-house">tie-breaking vote</a> in the Senate last week proposes cuts worth $930 billion on the Medicaid health&nbsp;program and food aid for&nbsp;low-income Americans, alongside the green energy incentives instituted by former President Joe Biden. It is also set to increase the Federal Government&#8217;s debt ceiling by $5 trillion.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Every single Republican now owns the fact that: 17 million people will lose health care; the cost of groceries will go up; student loan payments will go up; and utility bills will go up. We will never let Republicans forget they chose Trump over the American people.
&mdash; Elizabeth Warren (@ewarren) <a href="https://twitter.com/ewarren/status/1942678996942004662?ref_src=twsrc%5Etfw">July 8, 2025</a></blockquote>
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Summers, a Democrat who served under Presidents Bill Clinton and Barack Obama, echoed Warren's criticism. &#8220;The cruelty of the cuts in OBBB [One Big, Beautiful Bill] is matched only by their stupidity,&#8221; he says, warning that reductions in Medicaid would shift unreimbursed care costs to hospitals, which would then get passed on to patients.
He says that this would lead to delayed treatments, which would then be more expensive, emphasizing the broader inflationary consequences of the policy, while sharing a link to his New York Times column on the same.
In a New York Times <a href="https://www.nytimes.com/2025/07/08/opinion/trump-bill-medicaid-cuts.html">column</a> titled &#8220;This law made me ashamed of my country,&#8221; Summers paints a grimmer picture on the bill, calling it &#8220;the most brutal rollback of the American social safety net in modern history.&#8221;
He warned that the $1 trillion Medicaid cut could lead to more than 100,000 avoidable deaths over a decade, citing peer-reviewed studies and comparisons to Reagan-era welfare reductions. &#8220;I don't remember any past Fourth of July when I've felt more ashamed of my country,&#8221; he says.
<figure class="wp-block-embed aligncenter 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 cruelty of the cuts in OBBB is matched only by their stupidity. Medicaid beneficiaries will lose, but so will the rest of us. The cost of care that is no longer reimbursed by Medicaid will instead be borne by hospitals and passed onto paying patients, only at higher levels,…
&mdash; Lawrence H. Summers (@LHSummers) <a href="https://twitter.com/LHSummers/status/1942569299337437274?ref_src=twsrc%5Etfw">July 8, 2025</a></blockquote>
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Why It Matters: Sen.&nbsp;Bernie Sanders&nbsp;(I-VT.) <a href="https://www.benzinga.com/news/politics/25/06/46160881/bernie-sanders-slams-trumps-big-beautiful-bill-as-a-gift-for-billionaires-the-most-dangerous-piece-of-legislation-in-modern-history">slammed the bill</a> as &#8220;the most dangerous piece of legislation in the modern history of our country,&#8221; while adding that its provisions were a &#8220;gift to the billionaire class.&#8221;
The bill has come under criticism from several Republican leaders as well, with Rep.&nbsp;Thomas Massie&nbsp;(R-Ky.) warning that its passage could lead to the <a href="https://www.benzinga.com/markets/economic-data/25/06/46165307/us-credit-rating-would-fall-if-trumps-big-beautiful-bill-is-approved-says-thomas-massie-heres-what-it-means-for-americans">downgrading of U.S. debt</a> to BBB status, signaling financial distress.
GOP senators,&nbsp;Ron Johnson&nbsp;(R-Wis.) and&nbsp;Rand Paul&nbsp;(R-Ky.) have similarly warned&nbsp;<a href="https://www.benzinga.com/news/25/05/45604917/gop-senators-threaten-to-block-trumps-tax-and-spending-bill-over-deficit-medicaid-cuts-and-debt-ceiling-hike" target="_blank" rel="noreferrer noopener">against the bill</a>, saying that it could fuel deficits and inflation.
Even President Donald Trump&#8217;s former ally, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO, Elon Musk, described the bill as a &#8220;massive, outrageous, pork-filled&#8221; spending package, referring to it as a <a href="https://www.benzinga.com/news/politics/25/06/45757029/elon-musk-slams-congressional-spending-bill-as-a-disgusting-abomination">&#8220;disgusting abomination</a>&#8221; a month ago.
Photo Courtesy: Shutterstock/Sheila Fitzgerald
Read More:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46270052/as-trumps-big-beautiful-bill-is-signed-into-law-these-evs-from-tesla-gm-and-ford-will-become-more-expensive">As Trump&#8217;s &#8216;Big, Beautiful Bill&#8217; Is Signed Into Law, These EVs From Tesla, GM And Ford Will Become More Expensive: Report</a></li>
</ul>

Bonds

Federal Reserve

TSLA

Elizabeth Warren Says GOP Chose Trump Over American People, Slams 'Big Beautiful Bill' For Potentially Ushering Health Care Cuts, Price Hikes

Personal finance broadcaster Dave Ramsey says marital honesty beats any bank balance, scolding a caller who admitted hiding "millions of dollars" from his wife because she "spends too much."
What Happened: "You've been married to her five years … She didn't know you've got any money. That's deception," Ramsey <a href="https://www.youtube.com/watch?v=iUJz4SaC1zo">told</a> the man on The Ramsey Show.
The caller, raised in California after being born in South Korea, said, "I'm the saver and she's the spender," and feared revealing their net worth would "scare" her. Ramsey asked bluntly, "Are you from another culture?&#8221; explaining, &#8220;Because in Anglo-America, what you just described is pretty whacked."
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<iframe loading="lazy" title="Should I Tell My Wife That We&#039;re Secretly Wealthy?" width="500" height="281" src="https://www.youtube.com/embed/iUJz4SaC1zo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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When the man insisted different money personalities justified secrecy, Ramsey cut him off: "Honey, you're not listening … You have actively deceived your wife." He added that the husband's real motive was fear.
See also: <a href="https://www.benzinga.com/personal-finance/entrepreneurship/25/07/46266500/mark-cuban-says-his-children-struggle-with-the-downsides-of-his-wealth-not-that-they-want-to-be-poor-but-it-sets-an-expectation">Mark Cuban Says His Children Struggle With the Downsides of His Wealth: &#8216;Not That They Want To Be Poor, But It Sets An Expectation&#8217;</a>
Ramsey, married 43 years, said relational wealth outweighs financial riches. "I value a quality marriage and relationship going into my old age … I value that more than money. You don't, so I'm having trouble connecting with you." 
He warned delay will only deepen the breach: "The longer you put this off, the worse this is going to get. This is a weird thing you've done and you need to own that."
Why It Matters: Ramsey's firm stance mirrors advice he's given other callers who tried to hide windfalls or inheritances. Deception is not healthy, he told a woman <a href="https://www.benzinga.com/personal-finance/25/02/43901721/if-you-do-what-im-talking-about-dave-ramsey-reacts-to-a-caller-who-wants-to-hide-inheritance-from-her-husband-of-50-years">shielding cash from her husband</a>.
The finance guru <a href="https://www.facebook.com/daveramsey/posts/if-youre-married-my-money-and-your-money-doesnt-exist-its-our-money-and-thats-th/1268763677946577/">urges</a> married couples to ditch the "my money" versus "your money" mindset and pool their income in a single account so they operate as one financial team. He says couples who budget together, assign every dollar a purpose and set shared goals, replace mistrust and hidden spending with unity and purpose.
Ramsey also recommends scheduling weekly money check-ins, arguing that regular communication removes financial surprises and defuses conflict before it starts. When spouses combine accounts, talk openly, and chase mutual dreams, he insists they not only win with money but also strengthen their marriage.
Read next: <a href="https://www.benzinga.com/news/politics/25/07/46291070/trump-manages-inflation-like-boss-running-a-protection-racket-says-craig-shapiro-you-can-jawbone-walmart-but-not-the-rent">Trump Manages Inflation Like &#8216;Boss Running A Protection Racket,&#8217; Says Craig Shapiro: &#8216;You Can Jawbone Walmart, But Not The Rent&#8217;</a>
Photo Courtesy: Mumemories on Shutterstock.com

Financial Advisors

Personal Finance

Dave Ramsey Values A Quality Marriage And Relationship Over Money, He Once Schooled A Caller Who Hid Money From Wife That 'Spends Too Much'

Leading cryptocurrencies recovered and stocks traded flat on Tuesday as President Donald Trump stated that the Aug. 1 deadline for tariffs remains unchanged.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 10:30 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+0.90%</td>
<td>$108,766.98</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+3.02%</td>
<td>$2,602.05</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.08%</td>
<td>$0.1702</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin rallied to an intraday high of $109,198.97, recouping losses from Monday&#8217;s sell-off. Ethereum broke above $2,600 but failed to sustain the rally
Institutional interest continued to grow, as iShares Bitcoin Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>)&nbsp;<a href="https://www.benzinga.com/crypto/25/07/46291817/blackrocks-bitcoin-etf-just-overtook-michael-saylors-mstr-now-holds-nearly-700000-btc">surpassed&nbsp;</a>Strategy Inc.‘s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) BTC holdings.
Over $115 million was liquidated from the cryptocurrency market in the last 24 hours, with short position traders losing more. A further $260 million in Bitcoin perpetuals risked liquidation if the apex cryptocurrency rose to $111,000.
Bitcoin's open interest rose marginally by 0.52%. Notably, the majority of top traders on Binance were positioned short as of this writing.
The "Greed" sentiment persisted in the market, according to the Crypto Fear &amp; Greed Index.
Top Gainers (24 Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 10:30 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Cronos (CRO)</td>
<td>+18.22%</td>
<td>$0.09489</td>
</tr>
<tr>
<td>Zcash (ZEC)&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+9.25%</td>
<td>$42.14</td>
</tr>
<tr>
<td>SPX6900 (SPX)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+7.61%</td>
<td>$1.33 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.37 trillion, following a 1.16% increase in the last 24 hours.
Stocks were a mixed bag on Tuesday. The Dow Jones Industrial Average fell 165.60 points, or 0.37%, to end at 44,240.76. The S&amp;P 500 was little changed, closing 0.07% lower at 6,225.52. The tech-focused Nasdaq Composite gained 0.03% to end at 20,418.46.
Trump stated via Truth Social that the Aug. 1 deadline for tariffs remains <a href="https://truthsocial.com/@realDonaldTrump/posts/114818149310161097">unchanged</a>, and no extensions will be given. He also <a href="https://www.benzinga.com/markets/equities/25/07/46305321/copper-price-surges-trump-tariffs-stocks-july-2025">announced a 50% tariff</a> on copper imports, pushing the industrial metal to record highs.
Tuesday&#8217;s sideways movement came after markets fell on Monday after Trump&#8217;s announcement of <a href="https://www.benzinga.com/markets/equities/25/07/46281204/wall-street-today-trump-tariffs-japan-south-korea-stocks-drop">sweeping 25% tariffs</a> on all imports from Japan and South Korea beginning Aug. 1.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Blockchain analytics firm Santiment highlighted a surge in bullish retail crowd sentiment as Bitcoin sits above $108,500.
"Be cautious while crowd FOMO is pouring in, as it can often lead to short-term corrections," Santiment remarked.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f92a; Bitcoin traders are leaning very bullish once again with crypto&#39;s top coin&#39;s market value sitting just above $108.5K. Be cautious while crowd FOMO is pouring in, as it can often lead to short-term corrections. &#x1f517; Link to keep tabs on <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> sentiment: <a href="https://t.co/NU755XSgel">https://t.co/NU755XSgel</a> <a href="https://t.co/cl8B0bsevy">pic.twitter.com/cl8B0bsevy</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1942601534224666849?ref_src=twsrc%5Etfw">July 8, 2025</a></blockquote>
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Widely followed technical analyst and trader Urkel said Bitcoin's path to $120,000-$130,000 will be smoother once it breaks above a "silly little wall" around $112,000.
"Just needs a big push," the analyst added.
<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">Once <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> breaks through this silly little wall, there&#39;s not much in the way of a move to $120,000-130,000 next. Just needs a big push. <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://t.co/XnlK5bzvi9">pic.twitter.com/XnlK5bzvi9</a>
&mdash; Urkel (@SteveUrkelDude) <a href="https://twitter.com/SteveUrkelDude/status/1942607886351536507?ref_src=twsrc%5Etfw">July 8, 2025</a></blockquote>
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</figure>
Photo Courtesy: Miha Creative on Shutterstock.com
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/07/46298016/kulr-technologys-bitcoin-bet-deepens-with-coinbase-credit">KULR Technology&#8217;s Bitcoin Bet Deepens With Coinbase Credit</a></li>
</ul>

IBIT

MSTR

Bitcoin, Ethereum, Dogecoin Recover Even As Trump Reiterates August Tariff Deadline: Analyst Sees Move To $120,000-$130,000 If BTC Breaks Above This 'Silly Wall'

ProKidney (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROK#NASDAQ">PROK</a>) Class A stock experienced a surge of 8.58% in its after-hours trading, continuing its climb of over 500% during regular trading on Tuesday.
What Happened: Following the release of positive results from its Phase 2 trial, the after-hours trading of ProKidney stock saw an increase of 8.58%, reaching $4.05 on Tuesday.&nbsp;
The stock, which closed at $3.73 on Tuesday, experienced a <a href="https://www.benzinga.com/markets/equities/25/07/46311256/prokidney-soundhound-ai-quantumscape-intel-and-nvidia-why-these-5-stocks-are-on-investors-radars-today">staggering 515% surge</a> during the day. The trading volume also saw an increase, with 39.8 million shares traded compared to the average volume of 1.12 million.
See Also: <a href="https://benzinga.com/crypto/25/07/46289348/bitcoin-stalls-but-riot-platforms-outperforms-with-14-spike-over-30-days-mining-stock-leaves-mara-and-mstr-trailing">Bitcoin Stalls, But Riot Platforms Outperforms With 14% Spike Over 30 Days — Mining Stock Leaves MARA And MSTR Trailing &#8211; Benzinga</a>
ProKidney, a company focused on chronic kidney disease, reported positive topline results from the Phase 2 REGEN-007 trial of Rilparencel in patients with CKD and diabetes, leading to a surge in trading volume and the subsequent increase in stock value.
Why It Matters: The recent surge in ProKidney stock value is a direct result of the company&#8217;s positive trial results. This development has not only caused an<a href="https://www.benzinga.com/news/health-care/25/07/46295164/why-is-penny-stock-prokidney-stock-trading-higher-on-tuesday"> increase in trading volume</a> but also elevated the stock&#8217;s value, making it noteworthy in the market.
Earlier in June, another company, Mineralys Therapeutics, also reported <a href="https://www.benzinga.com/news/health-care/25/06/45973605/mineralys-therapeutics-investigational-drug-shows-benefit-in-hypertensive-patients-with-chronic-kidney-disease-stock-jumps">positive trial results</a> for its investigational drug for CKD. These developments indicate a growing interest and potential in the CKD market.
Price Action: According to <a href="https://www.benzinga.com/quote/prok">Benzinga Pro</a> data, PROK soared over 500% to $3.73 on Tuesday, with an additional 8.58% gain after-hours, reaching $4.05.&nbsp;&nbsp;&nbsp;
According to Benzinga Edge Stock Rankings, ProKidney stock has Momentum in the 3rd percentile. <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>.
<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 loading="lazy" decoding="async" width="903" height="182" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08222951/Screenshot-2025-07-09-075047.png" alt="" class="wp-image-977415" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08222951/Screenshot-2025-07-09-075047.png 903w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08222951/Screenshot-2025-07-09-075047-300x60.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08222951/Screenshot-2025-07-09-075047-768x155.png 768w" sizes="(max-width: 903px) 100vw, 903px" /></a></figure>
Read Next: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46214331/cipher-mining-stock-is-up-over-6-in-wednesdays-pre-market-whats-going-on">Cipher Mining Stock Is Up Over 6% In Wednesday&#8217;s Pre-Market: What&#8217;s Going On? &#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: Melnikov Dmitriy on Shutterstock.com
Photo courtesy: <a href="http://shutterstock.com">Shutterstock.com</a>

PROK

ProKidney Stock Shoots Up Over 8% After Hours After Staggering 515% Rally On Wednesday

Jeff Williams, Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) longtime chief operating officer and a key figure once rumored to be Tim Cook's <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/09/34524884/did-apples-wonderlust-event-confirm-clear-succession-plan-for-tim-cook-munster-thin">potential successor</a>, will retire later this year.
What Happened: On Tuesday, in a press release, Apple announced that Williams will transition COO duties to Sabih Khan later this month.
The outgoing COO joined Apple in 1998 and helped architect the company's health strategy and build the supply chain.
&#8220;Apple wouldn't be what it is without him,&#8221; said Tim Cook, adding, &#8220;He's helped to create one of the most respected global supply chains in the world; launched Apple Watch and overseen its development.&#8221;
See Also: <a href="https://www.benzinga.com/tech/25/05/45338324/apples-2027-vision-foldable-iphones-smart-glasses-and-ai-innovations">Apple&#8217;s 2027 Vision: Foldable iPhones, Smart Glasses, And AI Innovations</a>
The incoming COO, Khan, a 29-year Apple veteran who currently serves as SVP of operations, will report to Cook. Williams will remain at Apple temporarily to oversee the design team until retirement.
Price Action: AAPL shares inched up 0.072% in after-hours trading, after posting a 0.029% gain during regular hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings show that AAPL is trending upward in the short term but downward over the medium and long term. Its quality score remains strong, though its value rating is comparatively weaker. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">You can find more detailed performance data 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/2025/07/08221657/Screenshot-2025-07-09-at-7.44.42%E2%80%AFAM.png" alt="" class="wp-image-977397" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46258669/tesla-made-2-76-billion-from-zev-credits-in-2024-in-us-but-trumps-tax-bill-just-killed-this-revenue-stream" target="_blank" rel="noreferrer noopener">Tesla Made $2.76 Billion From ZEV Credits In 2024 In US But Trump&#8217;s Tax Bill Just Killed This Revenue Stream</a></li>
</ul>
Photo Courtesy: Prathmesh T on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

Jeff Williams, Once Tipped As Tim Cook's Successor, To Retire From Apple

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder and executive chairman, Jeff Bezos, has continued his selling spree in the company, offloading a fresh tranche of $666 million this week.
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/AMZN" target="_blank" rel="noreferrer noopener">AMZN stock here.</a>
What Happened: According to a Form 4 filing submitted to the U.S. Securities and Exchange Commission on Tuesday, Bezos disposed of roughly 2.97 million shares in the e-commerce giant, across two transactions dated July 3 and July 7, at average prices of $223.73 and $223.92 per share, respectively.
The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted in March 2025, which is essentially designed to allow corporate insiders to sell shares at predetermined times and volumes, without raising concerns of insider trading.
See Also: <a href="https://www.benzinga.com/personal-finance/management/25/07/46225954/sold-his-soul-the-devil-is-smiling-rosie-odonnell-blasts-jeff-bezos-50-million-wedding-oprah-and-his-fake-fembot-wife-in-sca">&#8216;Sold His Soul… The Devil Is Smiling&#8217; — Rosie O&#8217;Donnell Blasts Jeff Bezos&#8217; $50 Million Wedding, Oprah, and His &#8216;Fake Fembot Wife&#8217; in Scathing Rant</a>
Following the transaction, Bezos still holds over 902 million shares in Amazon, or just under 10% of its total outstanding shares, worth $197 billion at current market prices.
This comes just weeks after Bezos tied the knot with long-time partner, Lauren Sánchez, in a star-studded <a href="https://www.benzinga.com/news/events/25/06/46136092/jeff-bezos-lauren-sanchez-wedding-draws-star-studded-guest-list-to-venice-here-are-the-celebs-who-showed-up-so-far">$50 million wedding</a> in Venice two weeks ago. 
Why It Matters: Over a week ago, Bezos <a href="https://www.benzinga.com/markets/large-cap/25/07/46212089/jeff-bezos-sells-737-million-worth-of-amazon-stock-just-days-after-lavish-venetian-wedding">sold another tranche</a> of the company&#8217;s shares, worth $737 million, as part of the same pre-arranged trading plan.
According to a 10-Q filing made in May, Bezos <a href="https://www.benzinga.com/news/insider-trades/25/05/45175915/jeff-bezos-to-unload-almost-5-billion-in-amazon-stock-filing">plans to sell shares</a> worth $5 billion in the company, through May of 2026, aimed at funding his space exploration company, Blue Origin, alongside other ventures and charitable organizations. 
Bezos&#8217; net worth currently stands at $240 billion, according <a href="https://www.bloomberg.com/billionaires/profiles/jeffrey-p-bezos/">to</a> the Bloomberg Billionaires Index, with his holdings in Amazon making up a significant chunk of it. The rest comes from his ownership of Blue Origin, which has been marked on a cost-of-investment basis.
Price Action: Shares of Amazon were down 1.84% on Tuesday, trading at $219.36, and are up 0.13% after hours.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="148" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08215956/Screenshot-2025-07-09-at-7.29.40-AM-1024x148.png" alt="" class="wp-image-977373" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08215956/Screenshot-2025-07-09-at-7.29.40-AM-1024x148.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08215956/Screenshot-2025-07-09-at-7.29.40-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08215956/Screenshot-2025-07-09-at-7.29.40-AM-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08215956/Screenshot-2025-07-09-at-7.29.40-AM.png 1536w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, the stock scores well on Growth, ranked at the 96th percentile, and has a favorable price trend in the short, medium and long terms. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock.
Photo Courtesy: Lev Radin on Shutterstock.com
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El Salvador President Nayib Bukele called Democrats &#8220;salty&#8221; on Tuesday, reacting to a proposed bill by party senators that calls for sanctions on the Central American nation.
What Happened: The&nbsp;El Salvador Accountability Act of 2025 was introduced last month by Senators&nbsp;Chris Van Hollen&nbsp;(D-Md.), Sen.&nbsp;Tim Kaine&nbsp;(D-Va.) and Alex Padilla&nbsp;(D-Calif.). 
The legislation&nbsp;seeks to impose property-blocking and visa sanctions on Bukele and other Salvadoran officials &#8220;who have engaged in international human rights violations or worked to deprive individuals residing in the U.S. of their rights under the U.S. Constitution. It also calls for opposing any financial assistance or loans to the El Salvador government.
The bill also sought to probe El Salvador&#8217;s Bitcoin policy, described as a &#8220;mechanism for gross corruption, graft, and sanctions evasion.&#8221;
Bukele laughed at the allegations, stating that Democrats &#8220;are just salty.&#8221;
<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">HAHAHAHAHAHAHA the Dems are just salty… <a href="https://t.co/O6CLtZuV46">https://t.co/O6CLtZuV46</a>
&mdash; Nayib Bukele (@nayibbukele) <a href="https://twitter.com/nayibbukele/status/1942699740636012982?ref_src=twsrc%5Etfw">July 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/07/46299634/ftx-bitcoin-recovery-might-be-one-in-a-million-most-people-never-get-lost-crypto-back">FTX Bitcoin Recovery Might Be One In A Million. Most People Never Get Lost Crypto Back</a>
Why It Matters: El Salvador&#8217;s commitment to Bitcoin has been steadfast, with the country deeming it an &#8220;important project&#8221; initiated by Bukele. 
El Salvador has doubled down on Bitcoin ever since adopting it as a legal tender in 2021. The country introduced a plan&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37763988/pro-bitcoin-president-nayib-bukele-says-el-salvador-will-purchase-btc-daily-until-king-cry" target="_blank" rel="noreferrer noopener">to buy one Bitcoin every day</a>, until it becomes unaffordable with fiat currencies. Its&nbsp;<a href="https://bitcoin.gob.sv/" target="_blank" rel="noreferrer noopener">stockpile</a>&nbsp;has risen to 6,232.18 BTC as of this writing, worth over $678 million at prevailing prices.
However, Bukele admitted last year that Bitcoin uptake in the country <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40644084/el-salvador-president-nayib-bukele-says-bitcoin-uptake-hasnt-been-a-resounding-success-we-">had not been as successful</a> as anticipated.
Price Action: At the time of writing, Bitcoin was exchanging hands at $108,803.25, up 0.55% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.&nbsp;
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Photo Courtesy: Joey Sussman on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Democrats Are 'Just Salty,' Says Nayib Bukele: El Salvador's President Laughs At Senate Bill Calling For Sanctions On His Bitcoin-Friendly Nation

Mark Zuckerberg-led Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has reportedly acquired a <a href="https://www.benzinga.com/24/07/39867045/metas-34-year-to-date-surge-and-a-5-stake-in-essilorluxottica-transform-ray-ban-smart-glasses-and-re">minority stake</a> in EssilorLuxottica (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ESLOF#OTC">ESLOF</a>).
What Happened: Meta has acquired nearly 3% of EssilorLuxottica, the French-Italian eyewear giant behind brands such as Ray-Ban and Oakley, <a href="https://www.bloomberg.com/news/articles/2025-07-08/meta-invests-3-5-billion-in-essilorluxottica-in-ai-glasses-push">reported</a> Bloomberg on Tuesday, citing people familiar with the matter.
The stake is worth approximately €3 billion ($3.52 billion) at current market prices and comes amid Meta's growing ambitions in the <a href="https://www.benzinga.com/25/01/43114842/meta-expands-ai-wearables-with-oakley-smart-glasses-camera-equipped-earbuds-in-development">wearable tech space</a>.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46301582/metas-ai-empire-grows-fueled-by-openai-deepmind-apple-defectors">Meta&#8217;s AI Empire Grows — Fueled By OpenAI, DeepMind, Apple Defectors</a>
As per the report, Meta could increase its stake to as much as 5% over time.
Meta did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Why It's Important: Last month, it was reported that Meta and EssilorLuxottica plan to <a href="https://www.benzinga.com/markets/large-cap/25/06/45987099/meta-teams-up-with-oakley-prada-for-next-gen-ai-smart-glasses">release new AI smart glasses</a> under the Oakley and Prada brands.
This comes after the popularity of the Ray-Ban Meta smart glasses, which launched in 2023 and have reportedly sold millions of units. In October 2024, it was reported that Ray-Ban and Meta's smart glasses have <a href="https://www.benzinga.com/news/24/10/41458752/metas-smart-glasses-dominate-ray-ban-stores-ai-features-still-missing">become the best-selling product</a> in 60% of Ray-Ban stores across Europe, the Middle East and Africa.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Meanwhile, Meta rival Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reportedly has at <a href="https://www.benzinga.com/markets/tech/25/06/46161059/apple-has-the-potential-to-crush-metas-ray-ban-smart-glasses-says-ming-chi-kuo-but-the-tech-giant-has-been-surprisingly-slow">least seven headsets and smart glasses</a> in development. This includes Vision Pro M5 models, Vision Air, XR glasses and a display accessory, with some expected to launch starting in 2027.
Price Action: Meta shares rose 0.044% in after-hours trading, following a 0.32% gain during regular market hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga&#8217;s Edge Stock Rankings indicate that META shows a strong upward trend in the short, medium and long term. While its growth score remains high, its value rating is relatively lower. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance data is 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/2025/07/08213814/Screenshot-2025-07-09-at-7.06.22%E2%80%AFAM.png" alt="" class="wp-image-977355" /></a></figure>
Photo Courtesy: Skorzewiak on Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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ESLOF

Mark Zuckerberg-Led Meta Acquires Nearly 3% Of Ray-Ban, Oakley Parent EssilorLuxottica In $3.5 Billion Deal: Report

U.S. major indices ended mixed on Tuesday, as the Dow Jones Industrial Average slipped nearly 0.4% to 44,240.76 and the S&amp;P 500 edged down 0.1% to 6,225.52, while the Nasdaq posted a slight gain of 0.03% to close at 20,418.46.
These are the top stocks that gained the attention of retail traders and investors throughout the day: ProKidney Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROK#NASDAQ">PROK</a>) closed the day with a significant gain of 515.00%, trading at $3.73. The stock hit an intraday high of $4.92 and a low of $1.02, with a 52-week range of $0.46 to $4.92. The stock jumped another 8.6% in after-hours trading. The surge in trading volume was due to the company&#8217;s <a href="https://www.benzinga.com/news/health-care/25/07/46295164/why-is-penny-stock-prokidney-stock-trading-higher-on-tuesday">announcement of positive topline results</a> from the Phase 2 REGEN-007 trial of rilparencel in patients with chronic kidney disease and diabetes.
SoundHound AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) saw its stock soar by 11.69%, closing at $12.71. The stock reached an intraday high of $13.42 and a low of $11.90, with a 52-week range of $3.94 to $24.98. Despite a year-to-date plunge of over 35% after Nvidia Corp&#8217;s exit from the company earlier this year, the <a href="https://www.benzinga.com/markets/tech/25/07/46303589/why-is-soundhound-stock-soaring-tuesday">stock experienced a rally</a>. 
QuantumScape Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>) jumped 16.69% to close at $8.18. The stock had an intraday high of $8.44 and a low of $6.65, with a 52-week range of $3.40 to $9.52. The stock&#8217;s upward momentum appears to be a <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46308440/quantumscape-qs-stock-jumps-15-on-massive-volume-whats-driving-the-rally">delayed reaction</a> to a key production announcement from late June.
Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares rose by 7.23%, closing at $23.59. The stock hit an intraday high of $23.78 and a low of $22.13, with a 52-week range of $17.66 to $37.16. Investors responded positively to the company's ongoing global restructuring efforts and a recent <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46307195/whats-going-on-with-intel-stock-today-2">price target hike from Citigroup</a>.
Nvidia Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) saw a modest gain of 1.11%, closing at $160. The stock reached an intraday high of $160.22 and a low of $158.39, with a 52-week range of $86.63 to $160.98. The company strengthened its partnership with OpenAI, which confirmed it has no plans to deploy Alphabet Inc.&#8217;s in-house artificial intelligence chips at scale.
Benzinga's Edge Stock Rankings indicate Intel checks out on Short and Medium Price Trends but falls short on the Long Price Trend. Here is how Nvidia compares on <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">these parameters</a>. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"></a>
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Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Photo Courtesy: Who is Danny on Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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"Wishing for the 1950s past is a bad mistake," warned LinkedIn co-founder Reid Hoffman in a May 14 <a href="https://www.possible.fm/podcast/">&nbsp;"Possible" podcast</a>, where he and co-host Aria Finger argued that artificial intelligence examiners will overhaul higher-education assessments.&nbsp;
The veteran investor said professors clinging to decades-old curricula risk irrelevance as AI tools powered by dynamic questioning enter lecture halls, pushing universities toward tougher, real-time oral exams.
<h2 class="wp-block-heading">AI Forces A Faster Study Sprint</h2>
Generative AI has already vaulted into student toolkits. A <a href="https://www.hepi.ac.uk/2025/02/26/student-generative-ai-survey-2025/">survey</a> published in February by the<a href="https://www.hepi.ac.uk/2025/02/26/student-generative-ai-survey-2025/"> Higher Education Policy Institute</a> and digital publisher Kortext found 92% of U.K. undergraduates use such tools—up from 66% a year earlier—while 88% have inserted AI-generated text directly into assignments.
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"I could spend 30 hours writing an essay, or I could spend 90 minutes with my ChatGPT, Claude, Pi—whatever—prompting and generating something for that," Hoffman said, arguing that such shortcuts undermine the "whole point" of college: learning. He predicted AI-enabled tools will continue to spread until professors embed the technology into assessments rather than try to ban it.
Colleges are already adjusting. Academic integrity firm<a href="https://guides.turnitin.com/hc/en-us/articles/28294949544717-AI-writing-detection-model"> Turnitin</a> revised its AI-writing detector to hide scores below 20% to curb false positives and focus faculty on serious violations.
A March <a href="https://cssl.osu.edu/documents/2025-student-life-survey-generative-ai-tagged.pdf">survey</a> at Ohio State University that explored how students use generative AI found that 73% of undergraduates use generative AI into weekly study routines. "You can't ignore the new tool," Hoffman said, adding that an AI examiner able to ask follow-up questions "will be harder to fake than the pre-AI times."
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
<h2 class="wp-block-heading">Why Hoffman Backs AI-Oral Exams</h2>
Enforcement still lags. In early April, the <a href="https://www.thetimes.co.uk/article/ai-cheats-slip-under-radar-as-few-university-students-penalised-56kpcv6pp">Times of London</a> reported that fewer than 1 in 400 Russell Group students faced discipline for AI cheating last year despite 90% admitting tool usage, underscoring the gap Hoffman expects AI-proctored orals to close.
Because oral questioning demands mastery across "the whole zoom" of a course, Hoffman urged departments to convert some multiple-choice finals into viva-voce sessions overseen by large-language models.&nbsp;
<h2 class="wp-block-heading">Pilot Programs Show What's Coming Next</h2>
Pilots are underway. In January, <a href="https://ai.asu.edu/openAI">Arizona State University and OpenAI</a> launched a campus-wide challenge inviting faculty to embed ChatGPT Enterprise into lessons. Meanwhile, Georgia Tech's <a href="https://iac.gatech.edu/news/item/676992/school-modern-languages-pilots-assistant-language-instruction-created-alum">language-instruction pilot </a>using the Spirant Assistant has been discontinued. According to Britta Kallin, associate professor and German program director at Georgia Tech, the program was halted because the computer scientist overseeing Spirant AI determined it was too costly to maintain and develop.
Hoffman closed the episode by reminding educators their mission remains to prepare graduates to thrive alongside intelligent agents. "The most central thing is preparing students to be capable, healthy, happy participants in the new world," he said.&nbsp;
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'Wishing For The 1950s Past Is A Bad Mistake' — LinkedIn Co-Founder Reid Hoffman Says AI Will Disrupt Professors Who Refuse To Evolve

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