La chaîne d'options affiche les données clés des options sur actions de Genmab à différents prix d'exercice et dates d'expiration. Les traders utilisent ces informations pour analyser les transactions potentielles et évaluer le sentiment du marché pour Genmab..

Genmab (NASDAQ:GMAB) Stock, Chaîne d'Options

GENMAB A/S -SP ADR

Genmab

Genmab is a Copenhagen-based biotechnology company specializing in antibody therapeutics for the treatment of cancer. Genmab's proprietary antibody technologies are DuoBody, HexaBody, DuoHexaBody, and HexElect. Johnson & Johnson partnered with Genmab to create Darzalex, which is regarded as the standard of care for multiple myeloma and is Genmab's leading product. Genmab also has Tepezza for thyroid eye disease (partnered with Horizon), Kesimpta for relapsing multiple sclerosis (partnered with Novartis), Rybrevant (partnered with Johnson & Johnson) for non-small cell lung cancer (NSCLC), Tivdak (partnered with Seagen) for cervical cancer, and Epkinly (partnered with AbbVie) for diffuse large B-cell lymphoma. Genmab has several pipeline candidates targeting other oncologic indications.

Genmab AS

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index was in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled higher on Tuesday, with the Dow Jones index gaining more than 200 points during the session. Shares of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) surged around 3% on Tuesday.
Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) shares jumped around 16% on Tuesday after the company reported better-than-expected first-quarter earnings and raised its full-year outlook. Shares of Signet Jewelers Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) rose more than 12% on Tuesday after the company reported better-than-expected first-quarter financial results and raised its FY26 guidance.
On the economic data front, U.S. job openings increased by 191,000 to 7.391 million in April, compared to market expectations of 7.10 million. New orders for U.S.-manufactured goods declined 3.7% month-over-month to $594.6 billion in April, compared to a 3.4% gain in March.
Most sectors on the S&amp;P 500 closed on a positive note, with energy, materials and information technology stocks recording the biggest gains on Tuesday. However, communication services and real estate stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 214 points to 42,519.64 on Tuesday. The S&amp;P 500 gained 0.58% to 5,970.37, while the Nasdaq Composite climbed 0.81% to 19,398.96 during Tuesday's session.
Investors are awaiting earnings results from Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>), THOR Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) and PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 55.7, the index moved to the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 54.3.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next:
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<li><a href="Cramer: Should've Told Investors To 'Pull The Trigger' On Trade Desk, Can't Believe 'How Low' Gentex Has Fallen">Cramer: Should&#8217;ve Told Investors To &#8216;Pull The Trigger&#8217; On Trade Desk, Can&#8217;t Believe &#8216;How Low&#8217; Gentex Has Fallen </a></li>
</ul>
Photo courtesy: Shutterstock

Markets

DLTR

NVDA

Nasdaq Surges Over 150 Points Amid Rise In Nvidia Shares: Investor Sentiment Improves, Fear Index In 'Greed' Zone

News

PYPL

Mastercard And PayPal Are Teaming Up To Offer Shoppers More Choice And Control Over How They Check Out

THOR Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) will release its third-quarter financial results before the opening <a href="https://www.benzinga.com/quote/THO/earnings">bell on Wednesday, June 4.</a>
Analysts expect the Elkhart, Indiana-based company to report quarterly earnings at $1.80 per share, down from $2.13 per share in the year-ago period. THOR Industries projects quarterly revenue of $2.61 billion, compared to $2.8 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On May 13, THOR Industries disclosed that Seth Woolf has joined the company as Head of Corporate Development &amp; Investor Relations.
THOR Industries shares gained 4% to close at $82.41 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/tho/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Truist Securities analyst Michael Swartz maintained a Hold rating and raised the price target from $72 to $78 on June 3, 2025. This analyst has an accuracy rate of 60%.</li>
<li>Keybanc analyst Jackson Ader maintained an Underweight rating and cut the price target from $65 to $60 on April 17, 2025. This analyst has an accuracy rate of 68%.</li>
<li>Citigroup analyst James Hardiman downgraded the stock from Buy to Neutral and cut the price target from $94 to $86 on March 19, 2025. This analyst has an accuracy rate of 63%.</li>
</ul>
Considering buying THO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/THO/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="587" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04042023/image-43-1024x587.png" alt="" class="wp-image-937795" style="width:621px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04042023/image-43-1024x587.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04042023/image-43-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04042023/image-43-768x441.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04042023/image-43.png 1107w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next<a href="Cramer: Should've Told Investors To 'Pull The Trigger' On Trade Desk, Can't Believe 'How Low' Gentex Has Fallen">: </a>
<ul class="wp-block-list">
<li><a href="Cramer: Should've Told Investors To 'Pull The Trigger' On Trade Desk, Can't Believe 'How Low' Gentex Has Fallen">Cramer: Should&#8217;ve Told Investors To &#8216;Pull The Trigger&#8217; On Trade Desk, Can&#8217;t Believe &#8216;How Low&#8217; Gentex Has Fallen</a></li>
</ul>
Photo via Shutterstock

Earnings

Price Target

Pre-Market Outlook

Analyst Ratings

Trading Ideas

Thor Industries Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

As the U.S. Dollar Index tumbles nearly 8.5% in 2025, it&#8217;s on track for the worst performance in over 30 years. This could have &#8220;profound implications&#8221; across asset classes and global markets, says analyst.
What Happened: The X post shared by Otavio Costa, the macro strategist at Crescat Capital, highlights the yearly performance of the Dollar Index over the last 30 years.
The graph depicts its 2025 performance with a red line, which shows the steepest fall in the first half of any year since 1996.
While the index hit its all-time low of 70.698 on March 17, 2008, the graph shows that its worst year-to-date decline stood at 14.68%.
&#8220;This likely marks the beginning of a long-term downward trend for the dollar, with far-reaching implications across global markets in my view,&#8221; said Costa in his post.
He also highlighted that this year&#8217;s dollar decline has led the resource stocks, emerging and other developed markets, and foreign currencies higher.
&#8220;Gold led the way, and we're now seeing the ripple effects play out across other asset classes, in my opinion,&#8221; he 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">The US dollar is on track for its worst performance in three decades, and I believe this move carries profound implications. This likely marks the beginning of a long-term downward trend for the dollar, with far-reaching implications across global markets in my view. It's no… <a href="https://t.co/L9coJvEuHM">pic.twitter.com/L9coJvEuHM</a>
&mdash; Otavio (Tavi) Costa (@TaviCosta) <a href="https://twitter.com/TaviCosta/status/1930016892443410792?ref_src=twsrc%5Etfw">June 3, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/treasuries/25/06/45739830/us-dollar-decouples-with-10-year-treasuries-as-trade-tensions-change-long-standing-relationships-between-asset-classes">US Dollar Decouples With 10-Year Treasuries As Trade Tensions Change Long-Standing Relationships Between Asset Classes</a>
Why It Matters: Chatham House expert David Lubin, in a note from April, pointed to a "view of some within the Trump administration that the reserve currency status of the dollar is more of a burden to the U.S. economy than a blessing."
He explained that this "<a href="https://www.benzinga.com/government/regulations/25/04/44858165/policy-push-vs-market-pull-dollar-under-pressure-as-reserve-currency-may-be-called-into-question-amid-tariff-turmoil">policy push</a>" from Donald Trump&#8216;s administration aims to weaken the dollar permanently against other currencies, hoping to reduce the trade deficit and attract manufacturers to the U.S.
However, Lubin strongly cautioned against this approach, arguing that "if the international monetary system cannot rely on the dollar&#8217;s full convertibility, or its availability in a crisis, it is entering unknown territory.
Undermining the dollar&#8217;s global status would not only transmit huge amounts of additional uncertainty to the global economy, but would be a needless act of self-harm for the U.S."
Price Action: The Dollar Index was up 0.06% at the 99.28 level as of the publication of this article, which was 8.49% lower on a year-to-date basis.
The Gold Spot US Dollar Index, on the other hand, rose 0.11% to $3,356.65 per ounce, close to its previous life-high of $3,500.33.
Price Action: 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, rose on Tuesday. The SPY was up 0.57% at $596.09, while the QQQ advanced 0.78% to $527.30, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45739065/sp-500-reverses-short-term-downtrend-after-april-lows-technical-evidence-shows-recovery-is-real-and-not-a-bull-trap-or-bear-market-rally">S&amp;P 500 Reverses Short-Term Downtrend After April Lows: Technical Evidence Shows &#8216;Recovery Is Real&#8217; And Not A &#8216;Bull Trap&#8217; Or &#8216;Bear Market Rally&#8217; </a></li>
</ul>
Photo courtesy: Shutterstock

Forex

US Dollar On Track For Its Worst 30-Year Performance Under Trump In 2025: Analyst Warns Of 'Far-Reaching' Implications

Morgan Stanley auto analyst Adam Jonas says Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) could one day steer its engineers toward electric flying cars, arguing CEO Elon Musk may be tempted to solve the big remaining obstacles to commercial air taxis, or electric vertical take-off and landing craft (eVTOLs).
What Happened: In a recent research note, first <a href="https://www.teslarati.com/tesla-stock-morgan-stanley-evtol-calling-elon-musk-for-new-chapter/">reported</a> by Teslarati, Jonas highlighted Musk's recent response to a question about building an electric plane, to which the Tesla CEO said the company is "stretched pretty thin."
Jones called it "a decidedly different type of answer" to the actual question, but asked, "Is Tesla an aviation/defense-tech company in auto/consumer clothing?"
Jonas, in a separate note shared last month <a href="https://www.barchart.com/story/news/32542831/morgan-stanley-says-china-may-have-already-won-the-ev-war-heres-where-analysts-say-tesla-can-win">covered</a> by Barchart, argues that aviation could diversify Tesla as Chinese carmakers close the gap in electric vehicles. He warned that "China may have already won the EV battle," a shift he says explains why Tesla is "going all-in on autonomy."
See also: <a href="https://www.benzinga.com/markets/tech/25/06/45764059/ross-gerber-says-tesla-has-lot-of-work-to-do-on-fsd-ahead-of-robotaxi-launch-waymos-are-way-better">Ross Gerber Says Tesla Has &#8216;Lot Of Work To Do&#8217; On FSD Ahead Of Robotaxi Launch: &#8216;Waymos Are Way Better&#8217;</a>
Why It Matters: The analyst's optimism contrasts with the industry's slow progress. Archer Aviation's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) Midnight prototype completed its <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45388144/archer-aviations-defense-push-piloted-flight-to-boost-stock-analysts">first piloted flight</a> in Abu Dhabi last week, yet regulators have not cleared any firm for passenger service. According to Reuters, German rivals Lilium and Volocopter, once poster children for the sector, are fighting cash shortfalls and slumping investment.
Washington sees strategic stakes, too. "eVOTLs [sic] are going to fundamentally transform how the public travels. Let's make sure the U.S. leads the way," Transportation Secretary Sean Duffy posted Monday.
<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">Congratulations to <a href="https://twitter.com/ArcherAviation?ref_src=twsrc%5Etfw">@archeraviation</a>! Innovation is one of my top priorities, and I look forward to seeing more and more American companies competing in this space. eVOTLs are going to fundamentally transform how the public travels. Let's make sure the U.S. leads the way.&#x1f1fa;&#x1f1f8; <a href="https://t.co/jVGF1MajxX">https://t.co/jVGF1MajxX</a>
&mdash; Secretary Sean Duffy (@SecDuffy) <a href="https://twitter.com/SecDuffy/status/1929657316057796621?ref_src=twsrc%5Etfw">June 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Tesla, for its part, has never committed to an aircraft program, though Musk once mused that a next-generation Roadster "will be able to fly."
Price Action: Tesla stock closed 0.46% up at $344.27 on Tuesday, compared to a 52-week trading range of $167.42 to $488.54. However, it is down 9.23% year-to-date in 2025.
Benzinga Edge Stock Rankings indicate Tesla scores well on Momentum, Growth, and Quality metrics. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Check here to see how it does on the Value front</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="148" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04032046/tsla-edge-1024x148.png" alt="" class="wp-image-937723" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04032046/tsla-edge-1024x148.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04032046/tsla-edge-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04032046/tsla-edge-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04032046/tsla-edge.png 1372w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo Courtesy: kovop on Shutterstock.com
Read next: <a href="https://www.benzinga.com/markets/tech/25/06/45764231/palantir-says-it-doesnt-unlawfully-spy-on-americans-calls-report-alleging-use-by-trump-administration-for-surveillance-blatantly-untrue">Palantir Says It Doesn&#8217;t &#8216;Unlawfully&#8217; Spy On Americans, Calls Report Alleging Use By Trump Administration For Surveillance &#8216;Blatantly Untrue&#8217;</a>

Tech

ACHR

TSLA

Tesla's DNA Of Tackling Thorny Engineering Makes Flying Cars The Next Logical Moonshot: Morgan Stanley Analyst Doesn't Buy Musk's 'Stretched Thin' Argument Entirely

The White House has dismissed the criticism of the budget bill by&nbsp;Elon Musk, asserting that the bill does not contribute to the deficit.
What Happened:&nbsp;White House press secretary&nbsp;Karoline Leavitt&nbsp;responded to Musk&#8217;s criticism during a Tuesday briefing. She affirmed that the President&#8217;s opinion remains firm despite Musk&#8217;s views, characterizing the bill as &#8220;one big, beautiful bill.&#8221;
"It doesn't change the President's opinion. This is one big, beautiful bill, and he's sticking to it," stated Leavitt.
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<iframe loading="lazy" title="BREAKING: Karoline Leavitt Pressed For Response To Musk's Tweet Bashing The One, Big, Beautiful Bill" width="500" height="281" src="https://www.youtube.com/embed/QB4uulHbKFE?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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Leavitt further emphasized the administration&#8217;s belief that it is &#8220;blatantly wrong&#8221; to suggest that the bill adds to the deficit. This was in response to the nonpartisan Congressional Budget Office&#8217;s report, which suggested that the budget package could inflate the deficit by $3.8 trillion over the forthcoming decade. Leavitt accused the office of harboring a bias against Republicans.
House Speaker&nbsp;Mike Johnson&nbsp;also stood by the bill, asserting that Musk was &#8220;terribly wrong&#8221; about it. Johnson, a Republican from Louisiana, promised that Congress would integrate some of DOGE&#8217;s proposed government-spending cuts into a rescissions package. 
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/politics/25/06/45716383/trump-administration-shuts-down-66-million-food-stamp-fraud-and-bribery-scheme-arrests-usda-employee-and-5-others" target="_blank" rel="noreferrer noopener">Trump Administration Shuts Down A $66 Million Food Stamp Fraud And Bribery Scheme, Arrests USDA Employee And 5 Others &#8211; Benzinga</a>
Why It Matters: Musk&#8217;s criticism of the budget bill comes in the wake of his <a href="https://www.benzinga.com/news/politics/25/06/45757029/elon-musk-slams-congressional-spending-bill-as-a-disgusting-abomination">recent&nbsp;condemnation</a> of the bill as a &#8220;disgusting abomination&#8221;. The bill, which has been described by Musk as a &#8220;massive, outrageous, pork-filled&#8221; spending package, has stirred controversy among lawmakers and industry leaders.
Musk ended his <a href="https://www.benzinga.com/news/politics/25/06/45764329/130-days-of-elon-musk-elizabeth-warren-releases-blistering-report-accusing-tesla-ceo-of-more-than-100-power-abuses">130-day tenure</a> as DOGE leader a week ago.
Notably, the Wall Street Journal <a href="https://www.wsj.com/politics/policy/trump-seeks-congresss-approval-for-package-of-doge-cuts-09459efc">reported</a> that the White House has submitted a $9.4 billion rescissions package to Congress, seeking lawmakers&#8217; nod to reverse previously approved spending. The proposal includes $8.3 billion in foreign aid cuts and $1.1 billion from public media, needing only a simple majority to pass in the GOP-led Congress. Additionally, the administration is weighing the use of impoundment to reclaim funds without congressional approval, a move that could trigger a legal fight.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45763054/bitcoin-ethereum-dogecoin-slip-as-investors-anticipate-trump-jinping-call-too-early-for-an-eth-top-this-analyst-says-3000-is-on-target" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Slip As Investors Anticipate Trump-Jinping Call: Too Early For An ETH Top? This Analyst Says $3000 Is On Target &#8211; Grayscale Bitcoin Mini Trust (BTC) Common units of fractio</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.

White House Says Trump Is 'Sticking To' The 'Big, Beautiful Bill' Despite Elon Musk's Sharp Criticism: 'It Doesn't Change The President's Opinion'

On Tuesday, Sen. Elizabeth Warren (D-Mass.) blasted an AI provision in President Donald Trump's sweeping <a href="https://www.benzinga.com/general/health-care/25/05/45345409/trumps-big-beautiful-bill-banks-on-huge-medicaid-cuts-as-its-cost-saving-centerpiece-see-who-risks-losing-coverage-under-the-gop-proposal">tax-and-spending bill</a>, warning it could fuel rising rents and violate Senate procedural rules.
What Happened: Warren took to X, formerly Twitter, to criticize a section in the "One Big Beautiful Bill" that would bar states from regulating artificial intelligence for 10 years.
She argued the measure would shield companies like RealPage, a real estate tech firm, which she accused of using AI to help landlords coordinate rent increases.
"In the middle of a housing crisis, Republicans are sneaking lines into their big beautiful bill that could actually raise your rent," Warren said. "This policy violates the Senate's budget rules."
See also:&nbsp;<a href="https://www.benzinga.com/25/05/45343633/tesla-battery-supplier-catl-to-raise-4-billion-through-hong-kong-listing-report" target="_blank" rel="noreferrer noopener">Tesla Battery Supplier CATL Eyes Over $4B In Hong Kong Listing — Could Become 2025's Biggest IPO Yet</a>
RealPage's pricing software has been scrutinized for allegedly facilitating algorithmic rent-setting, which critics argue can act as a form of price-fixing.
Warren says that states and cities were starting to rein in such practices—until Republicans included a provision that would strip states of that power.
Her opposition adds pressure on Senate Democrats to challenge the provision before the bill reaches final approval. She urged Americans to contact their senators and demand the provision be removed, stating, "God knows your rent is high enough already."
<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">Republicans snuck an AI regulation BAN into the "Big Beautiful Bill."   That means companies like Real Page can use AI to get around price fixing laws and RAISE YOUR RENT.   BUT this policy violates the Senate&#39;s budget rules.   I&#39;m calling foul — and fighting back to reject it. <a href="https://t.co/8F5h5CDKut">pic.twitter.com/8F5h5CDKut</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1930067143388717497?ref_src=twsrc%5Etfw">June 4, 2025</a></blockquote>
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Why It's Important: On Tuesday, Rep. Marjorie Taylor Greene (R-Ga.) also called for <a href="https://www.benzinga.com/news/politics/25/06/45763037/marjorie-taylor-greene-says-shes-adamantly-opposed-to-trumps-big-beautiful-bill-over-this-ai-provision-i-would-have-voted-no-if-i-had-kn">the removal of a contentious AI provision</a> from the tax-and-spending bill, warning she will oppose the legislation unless the Senate eliminates the measure from the final version.
&#8220;I am adamantly OPPOSED to this and it is a violation of state rights and I would have voted NO if I had known this was in there,&#8221; she stated in a post on X.
Previously, a bipartisan group of state attorneys general also voiced their opposition. South Carolina Attorney General Alan Wilson, a Republican, said that rather than offering real solutions, Congress is <a href="https://www.benzinga.com/25/05/45481745/donald-trump-backed-gop-bill-seeks-to-ban-states-from-regulating-ai-for-10-years-critics-warn-its-federal-overreach-that-could-backfire">trying to tie their hands</a>.
Photo Courtesy: Sheila Fitzgerald On Shutterstock.com
Read Next:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/25/04/45071155/mild-recession-is-best-case-outcome-jpmorgan-ceo-jamie-dimon" target="_blank" rel="noreferrer noopener">JPMorgan CEO Jamie Dimon Warns Recession Is Best-Case Outcome Of Trump Trade War</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

Regulations

Elizabeth Warren Warns AI Provision In Trump's 'Big Beautiful Bill' Could Enable Rent Hikes: 'This Policy Violates The Senate's Budget Rules'

Elon Musk&nbsp;has been accused of exploiting his role in the Trump administration to further his personal and business interests, according to a report released on Tuesday by the office of Sen.&nbsp;Elizabeth Warren (D-Mass).
What Happened: Titled &#8220;130 Days of Elon Musk,&#8221; the report scrutinizes Musk&#8217;s actions during his time as a &#8220;special government employee&#8221; under President Donald Trump. It alleges that Musk and his associates were involved in numerous questionable activities, raising concerns about corruption, ethics, and conflicts of interest.
The 14-page report lists over 100 instances where Musk is believed to have misused his position&nbsp;to gain favors for his private interests.&nbsp;The report accuses Musk of disregarding norms at an alarming rate and engaging in scandalous behavior, regardless of potential criminal prosecution.
Tesla did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
Warren&#8217;s team also accuses Musk of leveraging&nbsp;the federal government to promote&nbsp;his businesses, including Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), SpaceX and xAI. The report highlights the transformation of the White House lawn into a temporary Tesla showroom and the exploration of new lucrative contracts by the Trump administration and government agencies with Musk&#8217;s companies.
It also highlights six instances in which the Trump administration or federal agencies either halted enforcement actions against Musk&#8217;s companies or when the Department of Government Ethics (DOGE) intervened with agencies investigating those companies.
&#8220;Musk's&nbsp;companies have received or are&nbsp;being considered for large contracts&nbsp;with the federal government, with&nbsp;foreign governments, and with other&nbsp;private sector companies,&#8221; the report states.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/politics/25/06/45734749/after-4-months-elon-musk-learned-what-every-american-already-knows-says-ross-gerber-no-one-in-gover" target="_blank" rel="noreferrer noopener">After 4 Months, Elon Musk Learned What Every American Already Knows, Says Ross Gerber: &#8216;No One In Government Wants To Cut Any Budget&#8217;</a>
Why It Matters: The allegations against Musk come after a series of public calls by Warren for investigations into his activities. In May, Warren <a href="https://www.benzinga.com/markets/25/05/45664976/elizabeth-warren-demands-competitive-ai-contracting-at-pentagon-amid-silent-expansion-of-elon-musks-grok-how-does-dod-plan-to-ensure">urged </a>the Department of Defense to ensure competitive AI contracting, particularly in light of Musk&#8217;s AI chatbot, Grok, gaining traction within the federal government. The&nbsp;Senator did not specifically mention Grok, but highlighted the need for competitive AI contracting to prevent monopolization.
Furthermore, on June 2, 2025, Warren doubled down on her <a href="https://www.benzinga.com/cannabis/25/06/45715155/elizabeth-warren-calls-it-textbook-corruption-once-again-asks-for-probe-into-elon-musk-cashing-in-on-trump-tariffs">accusations </a>that Musk benefited from Trump&#8217;s tariffs, calling for a federal investigation into what she labeled &#8220;textbook corruption.&#8221; Warren alleged that Starlink, Musk&#8217;s satellite internet venture, received favorable foreign operating permits around the same time Trump imposed broad tariffs during trade negotiations.
Notably, Elon Musk ended his 130-day tenure as DOGE leader a week back and has been openly critical about Trump&#8217;s &#8216;Big, Beautiful Bill&#8217; on multiple occasions.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/politics/25/06/45763037/marjorie-taylor-greene-says-shes-adamantly-opposed-to-trumps-big-beautiful-bill-over-this-ai-provis" target="_blank" rel="noreferrer noopener">Marjorie Taylor Greene Says She&#8217;s &#8216;Adamantly Opposed&#8217; To Trump&#8217;s &#8216;Big Beautiful&#8217; Bill Over This AI Provision: &#8216;I Would Have Voted NO If I Had Known This Was In There&#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.

'130 Days Of Elon Musk': Elizabeth Warren Releases Blistering Report Accusing Tesla CEO Of More Than 100 Power Abuses

Warner Bros. Discovery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) shareholders delivered a rebuke to CEO David Zaslav&#8216;s leadership on Tuesday, with over 59% voting against his $51.9 million compensation package for 2024 in the company&#8217;s annual &#8220;say-on-pay&#8221; ballot.
What Happened: The symbolic vote represents growing shareholder frustration with executive compensation at the media conglomerate, which has seen its stock plummet 59% since the April 2022 merger of AT&amp;T&#8217;s WarnerMedia and Discovery Communications created the company, The Wall Street Journal <a href="https://www.wsj.com/business/media/warner-discovery-shareholders-vote-against-ceo-david-zaslavs-pay-db679d1e?mod=hp_lead_pos6">reported</a>. More than 80% of shareholders participated in the non-binding vote.
Zaslav&#8217;s pay package rejection marks a significant deterioration from last year, when 50.8% of shareholders approved executive compensation. Corporate governance firm ISS considers anything below 70% approval as &#8220;low support.&#8221;
The compensation controversy comes as Warner Bros. Discovery faces mounting financial pressures. S&amp;P Global Ratings downgraded the company&#8217;s debt to junk status in May, <a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/45731052/warner-bros-debt-downgrade-is-an-ironically-positive-event-analyst">citing challenges in its cable-network business</a> as consumers abandon traditional television for streaming services.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45763260/jim-cramer-says-trump-is-distorting-pretty-much-everything-and-thats-making-it-difficult-to-value-stocks-people-would-just-rather-be-short">Jim Cramer Says Trump Is &#8216;Distorting Pretty Much Everything&#8217; And That&#8217;s Making It Difficult To Value Stocks: &#8216;People Would Just Rather Be Short&#8217;</a>
Why It Matters: Warner&#8217;s cable networks, including CNN, Food Network, and Discovery Channel, continue experiencing rating and revenue declines. The company&#8217;s HBO Max streaming service, while profitable and adding subscribers, lags significantly behind industry leaders Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) and Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), the report noted.
Bank of America Securities analyst Jessica Reif Ehrlich <a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/45731052/warner-bros-debt-downgrade-is-an-ironically-positive-event-analyst">maintains a Buy rating on Warner Bros. Discovery</a> with a $14 price target, calling the debt downgrade &#8220;ironically positive&#8221; for equity holders. Ehrlich argues the downgrade increases strategic flexibility by removing a &#8220;double-trigger&#8221; change of control covenant that previously limited strategic options.
Entertainment industry CEO compensation typically exceeds other sectors, according to the report. Netflix co-CEOs Ted Sarandos and Greg Peters each received over $60 million in 2024, while Disney&#8217;s Bob Iger earned $41.1 million. However, shareholders at both companies have previously rejected executive pay packages in similar non-binding votes.
WBD stock is showing positive momentum with an upward short- to long-term price trend, according to Benzinga Edge Stock Rankings. However, it faces challenges in growth and valuation. See <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">the full stock breakdown here</a>.
<figure class="wp-block-image aligncenter size-full 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="880" height="638" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04021648/image-40.png" alt="" class="wp-image-937646" style="width:486px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04021648/image-40.png 880w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04021648/image-40-300x218.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04021648/image-40-768x557.png 768w" sizes="(max-width: 880px) 100vw, 880px" /></a></figure>
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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: Elzbieta Krzysztof / Shutterstock.com

Equities

NFLX

Warner Bros Discovery Shareholders Reject CEO David Zaslav's $51.9 Million Pay Package Amid Stock Slump, Debt Downgrade

On Tuesday, Palantir Technologies pushed back against a report alleging the company is aiding the Donald Trump administration in building <a href="https://www.benzinga.com/news/25/06/45760755/trump-administration-silently-employs-palantir-to-gather-personal-data-of-each-american-raising-priv">detailed profiles of American citizens</a> using federal data.
What Happened: The New York Times reported that the Trump administration is using Palantir's Foundry platform to implement a March executive order that expands federal data sharing.
The report claims Foundry is being used by agencies such as the Department of Health and Human Services and the Social Security Administration to combine personal data, including bank records, medical claims and student debt, raising alarms about potential privacy violations.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45763363/nvidia-overtakes-microsoft-as-the-worlds-most-valuable-company-with-3-4-trillion-market-cap-as-morgan-stanley-reaffirms-top-pick-status">Nvidia Overtakes Microsoft As The World&#8217;s Most Valuable Company With $3.4 Trillion Market Cap As Morgan Stanley Reaffirms Top Pick Status</a>
Palantir strongly denied the report, calling it "blatantly untrue."
In a statement posted on X, formerly Twitter, the company said, "Palantir never collects data to unlawfully surveil Americans, and our Foundry platform employs granular security protections. If the facts were on its side, the New York Times would not have needed to twist the truth."
<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">The recently published article by the New York Times is blatantly untrue. Palantir never collects data to unlawfully surveil Americans, and our Foundry platform employs granular security protections. If the facts were on its side, the New York Times would not have needed to…
&mdash; Palantir (@PalantirTech) <a href="https://twitter.com/PalantirTech/status/1929863830441542125?ref_src=twsrc%5Etfw">June 3, 2025</a></blockquote>
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The report also revealed internal concerns at Palantir, with 13 former employees signing a letter urging the company to cut ties with the Trump administration.
The Times did not immediately respond to <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga's</a> request for comments. Why It's Important: Palantir shares have surged <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45655507/tech-analyst-expects-palantir-stock-to-rise-above-400-as-ai-revolution-kicks-into-gear">more than 500% in the past</a> 12 months, fueled by the company's strong foothold in the AI sector.
The company currently has a market cap of $311.60 billion, making it the 30th most valuable company in the world.
In May, Palantir reported <a href="https://www.benzinga.com/news/earnings/25/05/45208000/palantir-q1-earnings-revenue-beat-eps-in-line-customer-count-up-39-company-raises-guidance-citing-surging-and-ferocious-growth">first-quarter revenue</a> of $883.86 million, surpassing <a href="https://www.benzinga.com/calendars/earnings">analyst expectations</a> of $862.83 million. Adjusted earnings came in at 13 cents per share, matching forecasts.
This marked the seventh consecutive quarter in which Palantir has met or outperformed analyst projections for both revenue and earnings.
Price Action: Palantir shares have climbed 77.11% year-to-date. As of the time of writing, the stock was trading at $133.19 in after-hours, up 0.015%, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings highlight Palantir&#8217;s strong price momentum across short-, medium and long-term timeframes. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More in-depth metrics are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04022206/Screenshot-2025-06-04-at-11.50.00%E2%80%AFAM.png" alt="" class="wp-image-937656" /></a></figure>
Photo: Courtesy: Sundry Photography / Shutterstock
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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.

Palantir Says It Doesn't 'Unlawfully' Spy On Americans, Calls Report Alleging Use By Trump Administration For Surveillance 'Blatantly Untrue'

LOGI

Logitech Announced Signature Slim Wired MK620 & MK625 Combo For Business, A Revamped Keyboard And Mouse Duo Designed For Companies And Industries That Require Wired Technology For Reliability, Physical Security, Or Shared Workspaces, And Need To Switch Between PC, MacOS, and ChromeOS

Buybacks

Royal Philips Announced That It Will Repurchase Up To 6M Shares To Cover Certain Of Its Obligations Arising From Its Long-term Incentive Plans Representing An Amount Of Up To Approximately EUR 125M

Nokia Has Been Selected To Lead PROACTIF, A Project Funded By The European Union's Chips Joint Undertaking

Fresh Del Monte's patented Pinkglow Pineapple Debuts In The UAE With Talabat Mart As Exclusive Delivery Partner

Gerber Kawasaki's CEO and Co-Founder, Ross Gerber, has criticized Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) FSD or Full Self-Driving technology ahead of the anticipated <a href="https://www.benzinga.com/tech/25/05/45662671/tesla-targets-june-12-for-robotaxi-launch-in-austin-elon-musk-says-company-ramped-up-fsd-testing-a-month-ahead-of-schedule">June 12 Robotaxi launch</a>.
What Happened: Gerber shared an anecdote in a post on X on Tuesday about a colleague who owned the new Tesla Model Y as the pair drove through Santa Monica traffic.
"He thought we could get through Santa Monica no problem on FSD," Gerber said before adding that they experienced three disengagements on their three-mile-long route.
"Two were critical, one involved an emergency vehicle the tesla didn&#8217;t hear&#8230;&nbsp; one was a bus it cut in front of as we were in the wrong lane to turn," Gerber noted and said that the company has "a lot of work to do on FSD for it to work."
<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">Had a little bet with someone at work who has a new Model Y with FSD. He thought we could get through Santa Monica no problem on FSD. I said no chance. We had 3 disengagements in 3 miles of driving. Two were critical, one involved an emergency vehicle the tesla didn&#39;t hear&#8230;…
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1929980004596887755?ref_src=twsrc%5Etfw">June 3, 2025</a></blockquote>
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In a separate post, Gerber hailed Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo during the ride with his colleague. "Meanwhile the Waymos are whipping by us no problem&#8230; Same ride…" Gerber said in the post.
He admitted that he was "annoyed" that "the waymos are way better than the teslas…"
<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">Meanwhile the Waymos are whipping by us no problem&#8230; Same ride&#8230; have to say it makes me a bit annoyed the waymos are way better than the teslas&#8230; <a href="https://twitter.com/search?q=%24GOOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOOG</a> <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1929980237665976767?ref_src=twsrc%5Etfw">June 3, 2025</a></blockquote>
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Why It Matters: Gerber has been a vocal critic of the EV giant's autonomous driving tech on several occasions, with the <a href="https://www.benzinga.com/25/05/45511328/ross-gerber-slams-teslas-fsd-technology-ahead-of-robotaxi-launch-maintains-bearish-views-on-elon-musks-company-after-dumping-10-stake-in-q1-2025">investor criticizing the technology </a>when driving his Cybertruck.
Gerber also dumped 26,000 shares of Tesla amid a trend that sees several experts, including ARK Investments' Cathie Wood and Future Fund LLC's managing director, Gary Black, <a href="https://www.benzinga.com/tech/25/05/45665076/gary-blacks-future-fund-sells-remaining-tesla-stock-reitrates-310-price-target-tslas-valuation-has-become-disconnected">dumping their Tesla positions</a>. Gerber, however, has said he <a href="https://www.benzinga.com/tech/25/05/45663281/despite-bearish-views-ross-gerber-says-tesla-stake-remains-weve-continued-lowering-our-exposure">still holds Tesla stock</a>.
Elsewhere, the investor has hailed Tesla's Robotaxi launch in Austin as a <a href="https://www.benzinga.com/markets/equities/25/05/45637969/tesla-waymo-to-face-first-head-to-head-competition-for-robotaxis-ross-gerber-says-ahead-of-austin-launch-fascinating-to-watch">pivotal moment for the autonomous ride-sharing </a>sector in the U.S. "I find it fascinating to watch the different approaches to autonomy from Tesla and Waymo," he said in a post on X.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="198" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04021515/TSLA-JUN-4-2025-1024x198.jpg" alt="" class="wp-image-937644" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04021515/TSLA-JUN-4-2025-1024x198.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04021515/TSLA-JUN-4-2025-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04021515/TSLA-JUN-4-2025-768x148.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04021515/TSLA-JUN-4-2025-1536x297.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04021515/TSLA-JUN-4-2025.jpg 1547w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
TSLA scores well on Momentum, Growth, and Quality metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge</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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Photo courtesy: Ken Wolter / Shutterstock.com

GOOG

GOOGL

Ross Gerber Says Tesla Has 'Lot Of Work To Do' On FSD Ahead Of Robotaxi Launch: 'Waymos Are Way Better'

The MOU includes approval to drill up to 20 additional wells in the Jubilee field, representing investment of up to $2 billion in Ghana over the life of the licenses. As a result of the extension, the JV partnership expects to realize a material increase in gross 2P reserves.

Kosmos Joins Government Of Ghana And JV Partners In MOU To Invest Up To $2B And Drill 20 New Jubilee Wells

Elon Musk has dismissed a report that valued SpaceX at $480 billion, calling it &#8220;too high&#8221; for where the company is at present. In a separate post on X, the billionaire said that the company will reach an important revenue milestone in 2026.
What Happened: "I have no idea how they're arriving at this valuation. Sounds too high for where SpaceX is today," Musk said in a post on social media platform X on Tuesday.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I have no idea how they're arriving at this valuation. Sounds too high for where SpaceX is today.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1929944955239403611?ref_src=twsrc%5Etfw">June 3, 2025</a></blockquote>
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Musk was responding to a post that claimed that SpaceX had reached a current valuation of $480 billion, up from $350 billion.
Also Read: <a href="https://www.benzinga.com/25/05/45249164/elon-musks-mars-ambitions-take-flight-as-spacex-gets-faa-approval-for-texas-starship-launches">Elon Musk&#8217;s Mars Ambitions Take Flight As SpaceX Gets FAA Approval For Texas Starship Launches</a>
The billionaire also shared his thoughts on SpaceX's predicted revenue. Musk highlighted the "interesting milestone" in a separate post on X on Tuesday.
"@SpaceX commercial revenue from space will exceed the entire budget of @NASA next year. SpaceX revenue this year will be ~$15.5B, of which NASA is ~$1.1B," Musk said in the post.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Perhaps an interesting milestone: <a href="https://twitter.com/SpaceX?ref_src=twsrc%5Etfw">@SpaceX</a> commercial revenue from space will exceed the entire budget of <a href="https://twitter.com/NASA?ref_src=twsrc%5Etfw">@NASA</a> next year. SpaceX revenue this year will be ~$15.5B, of which NASA is ~$1.1B.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1929950051415273504?ref_src=twsrc%5Etfw">June 3, 2025</a></blockquote>
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Interestingly, official documents from NASA <a href="https://www.nasa.gov/fy-2026-budget-request/">show</a> the space agency's budget has been slashed by the Trump administration to over $18.8 billion for FY 2026.
Why It Matters: SpaceX has doubled down on its efforts to reach Mars, with the company recently testing its flagship rocket Starship, a key element in Musk's ambition to colonize the red planet. However, <a href="https://www.benzinga.com/general/space/25/05/45636692/elon-musks-mars-ambitions-face-new-setback-as-spacex-starship-test-flight-fails">the test failed</a> as the rocket spun out of control 30 minutes into the launch.
It's worth noting that Musk's NASA prediction comes in as U.S. President Donald Trump <a href="https://www.benzinga.com/cannabis/25/06/45715861/donald-trump-withdraws-jared-isaacmans-nomination-for-nasa-administrator-says-new-nominee-would-put-america-first-in-space">withdrew the nomination</a> of Jared Isaacman for the NASA administrator job, citing previous political associations. Interestingly, Isaacman shared Musk's <a href="https://www.benzinga.com/general/space/25/04/44730104/trumps-nasa-chief-pick-isaacman-tells-senate-we-will-prioritize-sending-american-astronauts-to-mars">ambition to reach Mars</a>.
"We will prioritize sending American astronauts to Mars," Isaacman had previously stated.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Photo courtesy: Shutterstock

SPACE

Elon Musk Dismisses Reports That SpaceX Is Valued At $480 Billion, Says It Sounds 'Too High:' Predicts Its Revenue Will Exceed NASA's Budget In 2026

CSC, SURF and Nokia Achieve 1.2 Tbit/s Data Transfer to prepare long haul network for new LUMI-AI supercomputer and AI Factories
<ul>
<li>Trial helps researchers prepare network for high performance computing (HPC) clusters and AI Factories handling massive datasets and high-intensity workloads.</li>
<li>Results confirm that multi-domain, high-capacity data transfers across European research networks are both feasible and future-ready.</li>
</ul>

CSC, SURF And Nokia Achieve 1.2 Tbit/S Data Transfer Between Amsterdam And Kajaani To Prepare For LUMI-AI Supercomputer And AI Factories

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