Dernières nouvelles pour NextNRG (NASDAQ:NXXT) Stock

NextNRG, Inc. - Common Stock

NextNRG Inc is engaged in developing an integrated ecosystem that combines solar energy generation, battery storage, smart microgrids, wireless electric vehicle (EV) charging, and on-demand fuel delivery. The company is also focused on combining renewable energy innovation with mobile fueling expertise to build a sustainable energy ecosystem that bridges traditional fuel needs with AI-powered clean energy solutions.

NextNRG

NextNRG Inc

News

Reported Sunday, KKR Forms Strategic Alliance With CleanPeak Energy Backed by A$500M Investment To Expand Solar And Battery Solutions For Commercial And Industrial Sector

<ul>
<li>Dick Stoneburner, Chairman of the Board of Directors of the Company, has been appointed as interim Chief Executive Officer and will serve as Chair and interim Chief Executive Officer until a new successor is named. Tamboran's Board has commenced a search for a new permanent CEO and has engaged a leading executive search firm.</li>
<li>In conjunction, Joel Riddle has stepped down as Chief Executive Officer and Managing Director.</li>
<li>Chief Operating Officer Faron Thibodeaux and Chief Financial Officer Eric Dyer will be working closely with Mr. Dick Stoneburner in overseeing the Company's operational activities, including the completion of the ongoing three well drilling program and stimulation of a 10,000-foot lateral during the second half of 2025.</li>
<li>In addition to these changes, Mr. Scott Sheffield and Mr. Phillip Pace have been appointed as Non-Executive Directors of Tamboran. As a result, Mr. John Bell Sr. has stepped down from Tamboran's Board of Directors.</li>
<li>With these changes, the Tamboran Board will continue to have nine Directors. Further information about Mr. Scott Sheffield and Mr. Phillip Pace is contained in Annexure A in this announcement.</li>
<li>In connection with the foregoing, the Company has entered into an agreement with Sheffield Holdings, LP, Bryan Sheffield and certain affiliated entities (collectively, the Sheffield Group), which collectively own approximately 17.6% of the Company's outstanding Common Stock.</li>
<li>Pursuant to the agreement, the Company agreed, among other things, to appoint Mr. Scott Sheffield as a Class II Director and Mr. Phillip Pace as a Class III Director. The Sheffield Group has agreed to customary standstill, voting and other provisions that will remain effective until the earlier of the Company's 2028 annual meeting of stockholders and December 31, 2028, unless earlier expired in accordance with the terms of the Agreement.</li>
</ul>

Reported Sunday, Tamboran Appoints Board Chairman Dick Stoneburner As Interim CEO Following Joel Riddle's Departure; Search For Permanent Successor Underway

SIDU

Reported Sunday, Sidus Space Prices Public Offering Of 7.14M Class A Common Shares At $1.05/Share For Gross Proceeds Of $7.5M

The Purchase Price represents a premium of approximately 15.2% and 22.8% to the 30 and 90-trading day volume weighted average trading price, respectively, of&nbsp;the Shares on the Toronto Stock Exchange (the "TSX") on July 25, 2025, the last trading day prior to the announcement of the Transaction. The Purchase Price is also above the 52-week high closing price of the Shares as of July 25, 2025 and represents a total shareholder return of approximately 2,149% on the Company's initial public offering Share price, including the Company's historical dividend payments. The Purchase Price implies an aggregate total equity value of approximately $2.9 billion, inclusive of the Rollover Shares, and values the Company at a 16.5x price-to-earnings multiple based on the Company's reported trailing twelve months net income attributable to common shareholders as of March 31, 2025.
"This Transaction represents the start of an exciting new chapter for First National," said Jason Ellis, CEO of First National. "Birch Hill and Brookfield bring significant expertise in the Canadian financial services industry, and we are excited to partner with them to grow our platform, drive innovation, and deliver for our customers, employees and institutional partners."

FNLIF

Reported Sunday, First National Financial To Be Acquired By Birch Hill And Brookfield In $2.9B All-Cash Deal At $48 Per Share; Founders Stephen Smith And Moray Tawse To Retain Minority Stakes

Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has officially cemented its place in Hollywood with "F1" crossing the $500 million mark at the global box office—its most successful theatrical release to date.
What Happened: "F1," produced by Apple Original Films and distributed by Warner Bros. Discovery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>), has soared to $509 million in worldwide ticket sales, reported <a href="https://www.cnbc.com/2025/07/27/superman-f1-both-cross-500-million-at-the-global-box-office.html">by</a> CNBC.
The movie has surpassed the company's previous record set by Ridley Scott's "Napoleon" at $221 million.
The racing drama, which stars Brad Pitt and was shot using IMAX cameras, benefited from a strong three-week exclusive IMAX release window.
This marks a major milestone for Apple, which has only recently started releasing its films widely in theaters.
Other titles like "Killers of the Flower Moon" ($158 million), "Argylle" ($96 million), and "Fly Me to the Moon" ($42 million) fell short of this box office benchmark.
See Also:&nbsp;<a href="https://benzinga.com/markets/macro-economic-events/25/07/46651524/trumps-fentanyl-tariffs-in-beijings-crosshairs-as-china-us-reportedly-set-to-meet-f" target="_blank" rel="noreferrer noopener">Trump&#8217;s Fentanyl Tariffs In Beijing&#8217;s Crosshairs As China, US Reportedly Set To Meet For Stockholm Trade Talks</a>
Why It Matters: Apple&#8217;s foray into the film industry has been a strategic move to bolster its streaming service, Apple TV+. 
A July 2024 report said Apple was in talks with major Hollywood studios to license more films for Apple TV+, <a href="https://www.benzinga.com/news/24/07/39845396/apple-tv-takes-on-netflix-with-new-hollywood-licensing-deals">aiming to grow its content library</a> and attract a broader audience.
Moreover, Apple&#8217;s decision to make its&nbsp;<a href="https://www.benzinga.com/25/02/43885302/apple-expands-apple-tv-to-android-eyes-subscription-growth-and-ecosystem-expansion-analyst-says">Apple TV App available on Android </a>devices&nbsp;earlier this year demonstrated the company&#8217;s commitment to expanding its streaming service&#8217;s reach.
Price Action: Apple shares gained 4.25% in the past month, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
Read Next:
<ul class="wp-block-list">
<li>&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/07/46648687/dormant-bitcoin-whale-awakens-after-14-years-moves-469-8-million-worth-of-btc" target="_blank" rel="noreferrer noopener">Dormant Bitcoin Whale Awakens After 14 Years, Moves $469.8 Million Worth of BTC</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Michael Potts F1 on Shutterstock.com

Entertainment

AAPL

Apple's Brad Pitt-Starrer 'F1' Races Past $500 Million At Box Office, Becomes Its Biggest Theatrical Hit

<ul>
<li>Includes license for potential best-in-class PDE3/4 inhibitor (HRS-9821) in clinical development for treatment of COPD</li>
<li>Additional 11 programmes to be developed by Hengrui Pharma and optioned by GSK following phase I completion</li>
</ul>

Reported Sunday, GSK Licenses Hengrui Pharma's HRS-9821 For Chronic Obstructive Pulmonary Disease, Adds Option Rights To 11 Additional Programs Post-Phase I

Reported Sunday, Gold Fields' Windfall Project Reaches Key Milestone In Quebec With ESG-Aligned Environmental Review And Leadership Appointment

Faraday Future Intelligent Electric Inc. - Class A Common Stock

FFAI

Faraday Future Founder YT Jia Says Over 10,000 Paid Pre-Orders Received For FX Super One MPV As FFAI Celebrates 4th Anniversary Of Public Listing

WKEY

WISeKey's WISeSat.Space And EnduroSat Sign MoU To Develop Ultra-Secure, Tamper-Proof Nanosatellite Systems For Quantum-Resilient IoT Connectivity

– Trontinemab's Phase Ib/IIa Brainshuttle&#x2122; AD study continues to show rapid and robust clearance of amyloid plaques, with 91% becoming amyloid PET negative and ARIA-E remaining &lt;5% –
– Design of the Phase III TRONTIER 1 and 2 studies of trontinemab in early symptomatic Alzheimer's disease featured, with initiation planned in 2025 –
– Plans for new Phase III trial investigating trontinemab in preclinical Alzheimer's disease, in people at high risk of cognitive decline –
– New real-world data support Elecsys pTau217 as a standalone blood test, comparable to a PET scan, for rule-in and rule-out identification of amyloid pathology –

RHHBF

RHHBY

RHHVF

Roche And Genentech Reveal Amyloid Clearance With Trontinemab, Plan Two Phase III Trials In Early and Preclinical Alzheimer's Disease At AAIC 2025

Mill City Ventures III Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCVT#NASDAQ">MCVT</a>) stock is trending after a recent halt in trading, following a 211.3% increase in the stock price.
Check out the current price of <a href="https://www.benzinga.com/quote/MCVT">MCVT stock here</a>.&nbsp;
What Happened: The stock price of the Minnesota-based business development company saw a substantial increase in after-hours trading, reaching $12.50, a rise of 111.86% from Friday's closing price of $5.90.
See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46648687/dormant-bitcoin-whale-awakens-after-14-years-moves-469-8-million-worth-of-btc">Dormant Bitcoin Whale Awakens After 14 Years, Moves $469.8 Million Worth of BTC</a>
This surge follows a recent halt in trading due to a circuit breaker. On Friday, the stock was <a href="https://www.benzinga.com/trading-ideas/25/07/46642513/mill-city-ventures-iii-shares-halted-on-circuit-breaker-to-the-upside-stock-now-up-211-3">halted</a> after a 211.3% increase, leading to a temporary suspension in trading. The stock has been experiencing a series of fluctuations in recent times.
Why It Matters: Several factors are linked to the sharp rise in MCVT&#8217;s stock, including the company's recent announcement of its intention to appoint a new independent director to restore compliance with NASDAQ requirements. The move comes after the unexpected passing of Laurence Zipkin, an independent director of the company.
In the first-quarter report, the company reported a rise in Generally Accepted Accounting Principles (GAAP) earnings per share (EPS) from $0.06 to $0.07 year-over-year, despite a slight decrease in sales. This positive earnings growth could have also instilled confidence in investors.
According to <a href="https://www.benzinga.com/quote/MCVT">Benzinga Pro</a> data, Mill City stock ranged between $1.13 and $6.64 over the past year, with a market capitalization of $35.77 million.&nbsp;
Benzinga&#8217;s Edge Stock Rankings indicate a Growth metric of 80.14, suggesting strong growth potential. <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-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="864" height="145" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28012047/Screenshot-2025-07-28-105035.png" alt="" class="wp-image-1002618" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28012047/Screenshot-2025-07-28-105035.png 864w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28012047/Screenshot-2025-07-28-105035-300x50.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28012047/Screenshot-2025-07-28-105035-768x129.png 768w" sizes="(max-width: 864px) 100vw, 864px" /></a></figure>
<ul class="wp-block-list">
<li>Read Next: <a href="https://benzinga.com/markets/emerging-markets/25/07/46650221/got-10000-heres-where-6-wall-street-titans-say-you-should-invest">Got $10,000? Here&#8217;s Where 6 Wall Street Titans Say You Should Invest</a></li>
</ul>
Photo Courtesy: Mizkit on Shutterstock.com
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Markets

MCVT

Mill City Ventures III Ltd Trending Higher With 111.86% After-Hours Surge

Lars Moravy, Senior Vice President at Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Vehicle Engineering department, said that the company was in a "big swing moment," amid Elon Musk's Robotaxi, Optimus ambitions.
Check out the current price of<a href="https://benzinga.com/quote/tsla"> TSLA stock here</a>.
What Happened: "We take big swings, and sometimes that risk can come with a lot of downside. We're in a big swing moment right now with autonomy, Robotaxis, with Optimus and with Semi," Moravy said at the X takeover event <a href="https://www.youtube.com/watch?v=ULaxgSFv0w4">on</a> Saturday.
Moravy also outlined that the company could be making a smaller pickup truck in the future. "We've always talked about making a smaller pickup," Moravy said. He highlighted that the company was exploring designs in the studio for such a vehicle currently, but gave no other details.
Why It Matters: The news comes as Tesla held what was a disappointing Q2 earnings call last week, which saw a <a href="https://www.benzinga.com/markets/earnings/25/07/46587882/tesla-q2-earnings-highlights-revenue-and-earnings-fall-short-new-models-still-set-for-2025-2026">12% YoY decline</a> in the company's revenue and ambitious targets of serving <a href="https://www.benzinga.com/markets/tech/25/07/46594297/elon-musk-aims-to-deploy-robotaxis-to-serve-half-the-us-population-by-the-end-of-2025-targets-million-optimus-units-annually-as-fast-as-its-humanly-possible">half of the U.S. population</a> with robotaxis by the end of 2025.
Following the earnings call, Musk also highlighted that <a href="https://www.benzinga.com/markets/tech/25/07/46626447/elon-musk-says-20-trillion-valuation-possible-for-tesla-even-as-second-quarter-earnings-show-sales-revenue-decline-extreme-execution-is-needed">a $20 trillion valuation</a> for Tesla could be possible in the future, but conceded that it would need proper execution to achieve the target.
However, experts like Future Fund LLC's managing director, Gary Black, have criticized <a href="https://www.benzinga.com/markets/tech/25/07/46624776/gary-black-slams-tesla-over-disaster-second-quarter-earnings-says-he-would-pass-on-tsla-stock-calls-robotaxi-launch-kabuki-theater">the company's Q2 earnings</a>, slamming the company's decision to release a scaled-down version of the Model Y as an affordable Tesla.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="197" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28011405/TSLA-JUL-28-2025-1024x197.jpg" alt="" class="wp-image-1002610" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28011405/TSLA-JUL-28-2025-1024x197.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28011405/TSLA-JUL-28-2025-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28011405/TSLA-JUL-28-2025-768x148.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28011405/TSLA-JUL-28-2025-1536x295.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28011405/TSLA-JUL-28-2025.jpg 1566w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla offers Satisfactory Momentum and Quality, while scoring well on the Growth metric, but offering poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46594394/dan-ives-sees-1-trillion-potential-in-teslas-ai-ambitions-calls-elon-musks-ev-giant-best-physical-ai-play-alongside-nvidia">Dan Ives Sees $1 Trillion Potential In Tesla&#8217;s AI Ambitions, Calls Elon Musk&#8217;s EV Giant &#8216;Best Physical AI Play&#8217; Alongside Nvidia</a></li>
</ul>
Photo courtesy: VTT Studio / Shutterstock.com

Tech

TSLA

Tesla Engineering Chief Says Company Is In A 'Big Swing Moment,' Signals Smaller Pickup Truck Could Be On The Way

On Sunday, Commerce Secretary Howard Lutnick said the U.S. will announce the results of its semiconductor import probe in two weeks.
What Happened: Speaking after Donald Trump met with European Commission President Ursula von der Leyen, Lutnick said the national security investigation into chip imports is nearing completion, <a href="https://www.cnbc.com/2025/07/27/trump-lutnick-semiconductors-chip-imports.html">reported</a> CNBC.
&nbsp;It's one of the "key reasons" the EU sought to negotiate a broader trade agreement that would "resolve all things at one time," he told reporters.
The Trump administration is conducting the probe under Section 232 of the Trade Expansion Act of 1962, the same statute previously used to impose tariffs on steel, aluminum and autos.
The review follows concerns that the U.S.'s reliance on foreign-made chips, particularly from Taiwan, poses a national security risk.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/25/06/45738435/elizabeth-warren-says-trump-approved-the-largest-meat-company-in-world-to-be-listed-on-nyse-ignoring-corruption-and-bribery-history-demands-answers" target="_blank" rel="noreferrer noopener">Elizabeth Warren Says Trump ‘Approved&#8217; The Largest Meat Company In World To Be Listed On NYSE Ignoring Corruption And Bribery History, Demands Answers</a>
Why It's Important: The upcoming ruling could pave the way for sweeping new tariffs on global chipmakers unless they expand U.S.-based production. Trump said firms from Taiwan and other places are already planning domestic investments to dodge penalties, the report added.
The probe builds on a wider trade crackdown that has reshaped global supply chains and could have significant implications for companies like Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>), as well as U.S. tech giants like Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) dependent on <a href="https://www.benzinga.com/markets/equities/25/07/46622906/scott-bessent-warns-tsmcs-40-billion-arizona-fab-may-only-meet-7-of-us-chip-demand-blames-building-inspectors-red-tape-for-delays">overseas semiconductor supply</a>.
TSMC maintains strong upward momentum across short, medium, and long-term periods, according to Benzinga's Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">More detailed performance data can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28004044/Screenshot-2025-07-28-at-7.17.05%E2%80%AFAM-1.png" alt="" class="wp-image-1002589" /></a></figure>
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/esg/25/06/45739698/bill-gates-commits-majority-of-200-billion-foundation-budget-to-africa-over-next-20-years-amid-trumps-massive-usaid-cuts" target="_blank" rel="noreferrer noopener">Bill Gates Commits Majority Of $200 Billion Foundation Budget To Africa Over Next 20 Years Amid Trump&#8217;s Massive USAID Cuts</a></li>
</ul>
Photo Courtesy: Joshua Sukoff on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

NVDA

SSNLF

Howard Lutnick Says Chip Import Probe Results Due In 2 Weeks As Trump Threatens New Tariffs To Force US Manufacturing Boom

Venture capitalist and &#8216;SPAC King&#8217; Chamath Palihapitiya is taking a victory lap after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) hit a new all-time high earlier in July, with a few corrections. In a new X post, the Social Capital founder said, "13 years ago," he urged everyone to put 1% of their net worth into Bitcoin, recalling a price "around $80."
What Happened: That call traces to his Bloomberg op‑ed <a href="https://www.bloomberg.com/opinion/articles/2013-05-30/bitcoin-the-perfect-schmuck-insurance">titled</a> &#8216;Why I Invested In Bitcoin&#8217;, published May 30, 2013, not 13 years ago, where he argued it was "entirely rational" to allocate 1% and branded Bitcoin "schmuck insurance."
<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">13 years ago, around when this video was taken, I wrote an Op-Ed in Bloomberg advocating every person in the world putting 1% of their then net worth into Bitcoin. The price of Bitcoin then was $80. <a href="https://t.co/OLzvpPEgcs">https://t.co/OLzvpPEgcs</a>
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1949108075362648408?ref_src=twsrc%5Etfw">July 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
On that date, Bitcoin closed at $128.80. He made a similar <a href="https://x.com/chamath/status/1663676682132389894">point</a> on the op‑ed's 10‑year anniversary in 2023, citing that day's average price of nearly $128.80.
With Bitcoin recently setting a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46388685/bitcoin-shatters-all-time-high-to-hit-123000-as-ethereum-cracks-3000-and-xrp-taps-3">fresh all‑time high</a>, the 2013 call looks prescient. Based on today's price of $119,300.90 at press time, Bitcoin has gained a whopping 92,524.9% since the op‑ed's publication.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46648687/dormant-bitcoin-whale-awakens-after-14-years-moves-469-8-million-worth-of-btc">Dormant Bitcoin Whale Awakens After 14 Years, Moves $469.8 Million Worth of BTC</a>
Why It Matters: Across the years, Palihapitiya has framed Bitcoin as a store of value. He labeled it "Gold 2.0" in <a href="https://www.forbes.com/sites/jeffbercovici/2013/04/29/big-vc-says-bitcoin-is-gold-2-0-its-a-huge-huge-huge-deal/">early</a> interviews and later told CNBC it had "<a href="https://www.benzinga.com/markets/cryptocurrency/21/09/23178126/bitcoin-has-replaced-gold-chamath-palihapitiya-on-hedging-against-inflation">effectively replaced gold</a>." He has also referred to Bitcoin as a "<a href="https://www.benzinga.com/markets/cryptocurrency/23/06/32694893/if-you-invested-1-000-in-bitcoin-when-chamath-palihapitiya-said-to-allocate-1-heres-the-st" target="_blank" rel="noopener">red pill</a>," urging skeptics to view it as an alternative monetary system.
More recently, even as he briefly flagged <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45686648/chamath-palihapitiya-says-this-old-fashioned-asset-is-among-safe-trades-if-the-possibility-of-quantum-computing-cracking-bitcoin-is-even-remotely-true">BTC&#8217;s quantum-computing risk</a> and called gold the "only safe trade," he continued to comment on crypto adoption trends, from stablecoins he dubs a "<a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45060051/chamath-palihapitiya-says-stablecoins-are-cryptos-second-killer-app-after-bitcoin-as-volumes-surpass-visa">second killer app</a>" to <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45852973/circle-ipo-success-suggests-markets-open-to-new-listings-especially-from-crypto-businesses-says-spac-king-chamath-palihapitiya">market-opening listings</a>.
Palihapitiya's original thesis was straight diversification math. He urged everyone who could to put 1% in an uncorrelated asset that might reprice the system and time has done the rest. With Bitcoin at record territory despite navigating a consolidation phase currently, that 2013 memo reads less like provocation and more like a playbook, even if his latest post is off by a year.
Price Action: At the time of writing, Bitcoin was exchanging hands at $119383.20, down 0.06%, according to data from Benzinga Pro.
Photo Courtesy: Rido on Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46648601/dogecoin-is-back-in-historic-buying-zone-that-triggered-bull-runs-is-it-a-good-time-to-buy">Dogecoin Is Back in Historic Buying Zone That Triggered Bull Runs — Is It a Good Time To Buy?</a></li>
</ul>

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

Cryptocurrency

$BTC

Bitcoin Has Shot Up A Whopping 92525% Since Chamath Palihapitiya Called It 'Schmuck Insurance'

Former hedge fund manager Steve Eisman, known for his role in predicting the 2008 financial crisis, is sounding the alarm on what he sees as a resurgence of &#8220;meme&#8221; stock mania, this time centered around Opendoor Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NASDAQ">OPEN</a>).
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/OPEN" target="_blank" rel="noreferrer noopener">OPEN stock here.</a>
What Happened: On Saturday, on his podcast, &#8220;The Real Eisman Playbook,&#8221; he criticized the recent surge in Opendoor&#8217;s stock price, from $0.53 at the beginning of this month to a high of $3.21 per share last week, a 529% rally despite there being no meaningful news. 
&#8220;That's a social media short squeeze,&#8221; Eisman said, adding, &#8220;As far as I can tell, there is no new fundamental news out about Open.&#8221;
See Also: <a href="https://www.benzinga.com/trading-ideas/technicals/25/07/46533193/stock-of-the-day-where-will-the-opendoor-rally-end">Stock Of The Day: Where Will The Opendoor Rally End?</a>
According to Eisman, who rose to fame following his portrayal by Steve Carell in &#8220;The Big Short,&#8221; this rally was fueled by a hedge fund manager who has been heavily promoting the stock on social media. 
Referring to Eric Jackson of EMJ Capital, he says, this individual, &#8220;is initiating a short squeeze on this still heavily shorted stock,&#8221; while calling his target price of $82 for the stock, which represents an upside of 3,128% from current levels, &#8220;either gutsy, nuts, or just plain bad manipulative stuff.&#8221;
Eisman reminds his listeners that Opendoor, an iBuying platform that allows homeowners to sell their properties instantly, has &#8220;a difficult balance sheet-intensive business,&#8221; one that Zillow Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) tried and abandoned.
Calling the price surge &#8220;a sign of frothiness,&#8221; referring to excessive speculation and investor enthusiasm in the markets. He, however, warned retail investors about the dangers of chasing &#8220;meme&#8221; stocks. 
&#8220;Getting involved with these meme stocks can be harmful to your health,&#8221; he said. &#8220;So far, this meme rally has not been all that impressive with not much duration, but we will see,&#8221; he adds.
Why It Matters: Last week, Opendoor was <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46618162/opendoor-kohls-stocks-recover-growing-sense-fomo-could-fuel-more-meme-stock-rallies">among several other</a> stocks, such as Kohl&#8217;s Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>), Krispy Kreme Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>) and GoPro Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) that have been rallying on renewed retail investor interest. 
Jackson, the fund manager who ignited Opendoor&#8217;s rally, has, however, <a href="https://www.benzinga.com/markets/equities/25/07/46597179/fund-manager-who-kickstarted-opendoor-frenzy-shrugs-off-meme-stock-hype-says-its-a-real-business-as-stock-craters-for-second-straight-day">distanced himself</a> from the &#8220;meme&#8221; stock tag, saying that &#8220;it&#8217;s a real business.&#8221;
&#8220;Let the flippers chase the other meme stocks,&#8221; he says, marking a clear distinction between Opendoor and the others that have been rallying in recent weeks.
Earlier in the week, Jackson <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46547846/opendoor-investor-who-ignited-500-rally-gives-you-his-100-bagger-playbook">offered his thesis</a> behind his target for the stock, while asking investors to buy core positions and "sit on your hands" for the long haul.
Price Action: Shares of Opendoor were up 4.96% on Friday, closing at $2.54, and are currently down 1.97% 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/2025/07/27235308/Screenshot-2025-07-28-at-9.22.56-AM-1024x148.png" alt="" class="wp-image-1002539" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/27235308/Screenshot-2025-07-28-at-9.22.56-AM-1024x148.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/27235308/Screenshot-2025-07-28-at-9.22.56-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/27235308/Screenshot-2025-07-28-at-9.22.56-AM-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/27235308/Screenshot-2025-07-28-at-9.22.56-AM.png 1532w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Opendoor scores high on Momentum and Value, with 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, its peers and competitors. 
Photos from Shutterstock
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DNUT

GPRO

OPEN

Steve Eisman of 'The Big Short' Fame Calls 3128% Opendoor Price Target 'Gutsy, Nuts, or Plain... Manipulative'

SpaceX and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk thinks that orbital refilling of propellant on the Spacecraft is the next major milestone for the Starship rocket.
What Happened: Calling it one of the "hardest engineering challenges" that exists, Musk hailed the Starship rocket during the X takeover event on Sunday.
"I specialize in the impossible to merely late," Musk said, indicating that despite Starship's ambitious scale, the project was delayed but not scrapped. He also said that one of the hardest things is developing an orbital heat shield.
"No one has ever created a fully reusable orbital heat shield before and no one's created a fully reusable orbital rocket before," he said, emphasizing that creating a reusable heat shield remains a challenge for Starship.
Musk also said that developing a fully reusable rocket and booster would bring costs down, making it cheaper than a Falcon 1 rocket. The billionaire also highlighted that the next big challenge for the company is orbital refilling of the propellant.
"For orbital refilling, you need two Starships to come together and dock and transfer propellant," before adding that an "orbital propellant depot" could also be possible for SpaceX.
Why It Matters: The comments come as Musk had previously stated that he would share an <a href="https://www.benzinga.com/news/space/25/07/46622304/elon-musk-says-he-will-share-technical-updates-on-starship-before-next-launch-in-august">update on the Starship</a> project before the rocket's next launch, scheduled to take place in August.
Musk had also recently defended the company after President Donald Trump's comments on social media platform Truth Social about incentives and subsidies offered to the billionaire's companies. The government is also reportedly <a href="https://www.benzinga.com/markets/tech/25/07/46544230/trump-turns-to-jeff-bezoss-project-kuiper-as-elon-musk-feud-threatens-spacex-role-in-175-billion-golden-dome-defense-project-report">exploring other partners</a> besides SpaceX for the $175 billion Golden Dome project.
Musk said that SpaceX <a href="https://www.benzinga.com/markets/tech/25/07/46623210/elon-musk-slams-trump-for-axing-subsidies-on-renewable-energy-says-spacex-won-nasa-contracts-by-doing-a-better-job-for-less-money">won all NASA contracts</a> "by doing a better job" than other companies for a fraction of the cost and that the subsidies Trump mentioned "did not exist," He said.
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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</ul>
Photo courtesy: Shutterstock

SPACE

Elon Musk Calls Orbital Refueling Starship's Next Challenge: 'I Specialize In The Impossible'

Major cryptocurrencies posted gains on Sunday evening as markets reacted positively to the Donald Trump administration&#8217;s landmark trade agreement with the European Union, with analysts attributing the improved risk sentiment to driving momentum in digital assets.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 11.26 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+1.09%</td>
<td>$119,385</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>+2.68%</td>
<td>$3,877</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>+1.96</td>
<td>$0.2433</td>
</tr>
</tbody>
</table>
</figure>
The crypto market capitalization reached $3.96 trillion, up 1.40%, with Bitcoin maintaining 60.1% dominance and Ethereum holding 11.9% market share. 
United States Secretary of Commerce Howard Lutnick announced Sunday on X that &#8220;President [Donald] Trump just unlocked one of the biggest economies in the world,&#8221; describing the EU&#8217;s commitment to open its $20 trillion market and accept U.S. auto and industrial standards.
The deal includes EU purchases of $750 billion in American energy and $600 billion in U.S. investments, with tariffs set at 15% across the board. &#8220;Today is a historic day for U.S. trade and will strengthen our relationship with the European Union for decades to come,&#8221; Lutnick said.
Despite positive sentiment, crypto markets experienced significant liquidations over 24 hours, with 90,805 traders liquidated totaling $231.04 million, according to CoinGlass. The largest single liquidation occurred on HTX&#8217;s ETH-USDT pair, valued at $2.68 million.
The CMC Crypto Fear and Greed Index registered 67, indicating Greed, up from 64 yesterday and matching last week&#8217;s reading. The index peaked at 88, signaling Extreme Greed, in November 2024 and bottomed at 15, reflecting Extreme Fear, in March 2025.
Gold retreated to $3,330 per ounce following three consecutive losing sessions as the U.S.-EU agreement reduced safe-haven demand. The U.S. Dollar Index dipped to 97.5 as the euro strengthened post-agreement.
Broader markets showed strength with S&amp;P 500 Futures at 6,451.75, up 0.42%. Nasdaq-100 Futures rose 0.56% to 23,552.50. The Dow remained at 44,901.92, unchanged from Friday.
The week ahead features Federal Reserve policy meetings and key economic data, including Job Openings and Labor Turnover Survey, ADP employment, and nonfarm payrolls, with the PCE price index monitored for tariff-related inflation pressures.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 11.26 p.m. ET)</td>
</tr>
<tr>
<td>PanCakeSwap (CAKE)</td>
<td>+13.72%</td>
<td>$3.22</td>
</tr>
<tr>
<td>SPX6900 (SPX)</td>
<td>+11.41%&nbsp;</td>
<td>$2.20</td>
</tr>
<tr>
<td>Jupiter (JUP)</td>
<td>+9.70%</td>
<td>$0.6130</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46650830/donald-trump-announces-15-tariff-trade-agreement-with-eu-ending-months-of-trade-uncertainty">Donald Trump Announces 15% Tariff Trade Agreement With EU, Ending Months Of Trade Uncertainty</a>
Analyst Take: Crypto analyst Willy Woo highlighted Bitcoin Vector&#8216;s Risk-Off Signal, noting the current 97-day streak represents the second-longest in three years. &#8220;Bitcoin drives the entire crypto market. Knowing when it flips risk-off is critical,&#8221; Vector stated, emphasizing the signal&#8217;s effectiveness in identifying early transitions before major drawdowns.
<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">An introduction to the Swissblock Risk-off Signal&#8230; <a href="https://t.co/nxb7hNImwT">https://t.co/nxb7hNImwT</a>
&mdash; Willy Woo (@woonomic) <a href="https://twitter.com/woonomic/status/1949562609801605327?ref_src=twsrc%5Etfw">July 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Analyst Michaël van de Poppe observed Bitcoin testing range resistance over the weekend, suggesting a potential Monday correction before upward movement. &#8220;Bitcoin attacking $120,000 is an interesting case as there&#8217;s another extension in the trade war,&#8221; van de Poppe noted.
<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"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> attacking $120,000 is an interesting case as there's another extension in the trade war. It's still weekend though, but markets seem tempted to go back up again.
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1949509193481720274?ref_src=twsrc%5Etfw">July 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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<li><a href="https://www.benzinga.com/markets/economic-data/25/07/46649627/trumps-economic-impact-ackmans-support-for-capital-reform-and-wall-streets-tariff-predictions-this-week-in-economy">Trump&#8217;s Economic Impact, Ackman&#8217;s Support For Capital Reform And Wall Street&#8217;s Tariff Predictions: This Week In Economy</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Climb On Trump-EU Trade Pact — Analyst Says This 'Risk-Off' Signal Could Be Critical As BTC Drives Entire Crypto Market

Google DeepMind chief Demis Hassabis says there's a coin‑flip chance that artificial general intelligence will arrive within five years.
What Happened: "My estimate is sort of 50% chance by in the next five years, so by 2030 let's say. So I think there's a good chance that that could happen," he told the Lex Fridman Podcast, adding that his threshold for "true" AGI remains high.
Hassabis described AGI as intelligence that matches the cognitive functions of the brain, not the "jagged" profiles seen in today's systems. "It isn't kind of a jagged intelligence where some things, it's really good at … but other things it's really flawed at … You'd want that consistency of intelligence across the board," he said.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Timeline for AGI: 2030 with 50% chance &#x7C; Demis Hassabis and Lex Fridman" width="500" height="281" src="https://www.youtube.com/embed/T9Knc3Mdcec?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>
</div>
</figure>
He added that missing capabilities include "true invention capabilities and creativity."
Hassabis proposed stress‑testing a candidate system on "tens of thousands of cognitive tasks that we know that humans can do" and inviting "a few hundred of the world's top experts" to probe for failures over a month or two. If those experts find none, he said, "you can be pretty confident we have a fully general system."
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46648834/mark-zuckerbergs-meta-platforms-dodges-8-billion-trial-with-eleventh-hour-settlement">Mark Zuckerberg&#8217;s Meta Platforms Dodges $8 Billion Trial With Eleventh-Hour Settlement</a>
The definition of AGI remains fluid. Tom's Guide <a href="https://www.tomsguide.com/ai/chatgpt/sam-altman-claims-agi-is-coming-in-2025-and-machines-will-be-able-to-think-like-humans-when-it-happens">notes</a> that some experts define AGI as human‑level competence across all domains, while others focus on its capacity to learn, adapt, and perform tasks that mirror human cognition, which requires the system to go beyond its initial training data and generate truly autonomous output.
Why It Matters: Hassabis has recently sketched different timelines, telling one interviewer he expects AGI "<a href="https://www.benzinga.com/25/05/45599346/why-googles-demis-hassabis-disagrees-with-co-founder-sergey-brin-on-when-agi-will-arrive-and-sets-a-much-higher-bar">just after 2030</a>" and emphasizing, "I have quite a high bar." His stance contrasts with Google co‑founder Sergey Brin's prediction of AGI before 2030, a split that reflects the field's uncertainty over both definitions and pace.
Other leaders offer competing clocks. Anthropic's co‑founder has said A<a href="https://www.benzinga.com/markets/tech/25/06/45938702/anthropic-co-founder-says-agi-possible-by-2028-but-transformative-ai-will-have-to-pass-the-economic-turing-test">GI is "possible" by 2028</a>, while many researchers debate whether AGI should mean human‑level performance across most tasks. Meanwhile, OpenAI CEO Sam Altman thinks that AGI <a href="https://www.benzinga.com/media/25/01/42867568/openai-ceo-sam-altman-predicts-agi-will-arrive-during-the-trump-presidency-says-chips-act-not-effective-enough">could arrive</a> during Donald Trump&#8217;s presidency.
Meanwhile, former Google CEO Eric Schmidt, at a fireside chat in April, mentioned that it would be safe to assume that AGI would likely be achieved <a href="https://www.benzinga.com/25/04/44856587/former-google-ceo-predicts-that-ais-sprint-toward-super-intelligence-could-put-a-smartest-human-in-every-pocket-by-2031">anytime between 2028 and 2030</a>.
Photo Courtesy: khunkornStudio on Shutterstock.com
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Google Deepmind Chief Thinks There's Only A Half Chance Of AI Surpassing Human Minds By 2030 Because Of These Two Reasons

Editor&#8217;s Note: This story has been updated to include the latest developments
Elon Musk-led Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has confirmed signing a massive $16.5 billion chip manufacturing deal with Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>), marking a major win for the South Korean giant's foundry business as it <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37481465/tsmc-samsung-lead-recovery-in-asias-emerging-markets-with-ai-and-chip-sector-growth">fights for dominance</a> in the booming AI chip market against rivals like Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
What Happened: On Monday, the South Korean tech giant disclosed in a regulatory filing that it had secured a multibillion-dollar chip production contract with an unnamed global client.
The deal, which officially began on July 26, 2024, runs through Dec. 31, 2033. While Samsung initially declined to name the counterparty, Musk later confirmed via X, formerly Twitter, that Tesla is the customer.
Musk revealed that the chips would be built at Samsung's new Texas fab and would power Tesla's next-generation AI6 chip, stating, "The strategic importance of this is hard to overstate."
He added that TSMC will handle AI5 chips, with production beginning in Taiwan and later moving to Arizona.
<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">Samsung's giant new Texas fab will be dedicated to making Tesla's next-generation AI6 chip. The strategic importance of this is hard to overstate. Samsung currently makes AI4. TSMC will make AI5, which just finished design, initially in Taiwan and then Arizona.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1949673345567592869?ref_src=twsrc%5Etfw">July 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In a follow-up post, he said, "Samsung agreed to allow Tesla to assist in maximizing manufacturing efficiency," adding, "I will walk the line personally to accelerate the pace of progress."
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/25/06/45738435/elizabeth-warren-says-trump-approved-the-largest-meat-company-in-world-to-be-listed-on-nyse-ignoring-corruption-and-bribery-history-demands-answers" target="_blank" rel="noreferrer noopener">Elizabeth Warren Says Trump ‘Approved&#8217; The Largest Meat Company In World To Be Listed On NYSE Ignoring Corruption And Bribery History, Demands Answers</a>
Why It's Important: The deal offers a potential turnaround for Samsung's foundry arm, which has faced delays at its new Texas plant and struggles with advanced 2-nanometer yields.
It also comes as South Korea races to secure U.S. trade agreements to avoid steep tariffs on chips and other exports. Samsung shares were up 2.43% at the time of writing.
Benzinga&#8217;s Edge Stock Rankings show that Tesla maintains strong positive momentum over the medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">More detailed performance metrics can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img loading="lazy" decoding="async" width="412" height="101" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28000437/Screenshot-2025-07-28-at-13.04.21.png" alt="" class="wp-image-1002554" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28000437/Screenshot-2025-07-28-at-13.04.21.png 412w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28000437/Screenshot-2025-07-28-at-13.04.21-300x74.png 300w" sizes="(max-width: 412px) 100vw, 412px" /></a></figure>
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Photo Courtesy: Sybillla on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

QCOM

Elon Musk Confirms Tesla As the Mystery Big-Tech That Signed $16.5 Billion Chip Contract With Samsung: 'I Will Walk The Line Personally' To Boost Progress (UPDATED)

President Donald Trump&#8217;s latest trade deal with the European Union is drawing sharp criticism from several leading economists, who argue that it will disproportionately harm American consumers and businesses.
What Happened: Following Trump&#8217;s announcement on Sunday, economist Peter Schiff posted on X, with a blunt assessment of the deal, saying that &#8220;Americans lose again.&#8221;
Schiff says that under the new terms, &#8220;we will pay 15% tariffs to buy most European goods, but 50% tariffs to buy European steel, aluminum, or copper, driving up material costs for many U.S industries.&#8221; Meanwhile, he notes, &#8220;Europeans won&#8217;t pay any tariffs on most U.S. imports.&#8221;
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46581998/stellantis-shares-surge-on-u-s-eu-tariff-deal-prospects-whats-going-on">Stellantis Shares Surge On U.S.-EU Tariff Deal Prospects: What&#8217;s Going On?</a>
<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">Trump has a trade deal with the EU, where Americans lose again. We will pay 15% tariffs to buy most European goods, but 50% tariffs to buy European steel, aluminum, or copper, driving up material costs for many U.S industries. Europeans won&#39;t pay any tariffs on most U.S. imports.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1949590339322605685?ref_src=twsrc%5Etfw">July 27, 2025</a></blockquote>
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University of Michigan economist Justin Wolfers echoed similar concerns, while highlighting the folly of imposing trade barriers. &#8220;These trade deals are all underwhelming for one simple reason,&#8221; he says, and that&#8217;s because trade barriers and tariffs have been tiny for decades.
&#8220;When tariffs are 1-2%, there&#8217;s not much to gain from a trade war,&#8221; he says, while warning that a 15% tax on imports can, however, &#8220;do a lot of harm to Americans.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">These trade deals are all underwhelming for one simple reason: While trade barriers were a big deal in Trump&#39;s youth, they&#39;ve been tiny for decades. When tariffs are 1-2%, there&#39;s not much to gain from a trade war. But you can do a lot of harm by charging Americans a 15% (or…
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1949610547743269279?ref_src=twsrc%5Etfw">July 27, 2025</a></blockquote>
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Danish economist Lars Christensen pushed back against the narrative that this was a bad deal for the EU and a win for Trump. 
He says, &#8220;the deal lower[s] EU tariffs,&#8221; which he believes is &#8220;good news for European consumers,&#8221; while adding that it is bad for the U.S. economy.
Christensen agrees with both Schiff and Wolfers, saying that &#8220;the biggest losers are US consumers,&#8221; while comparing the deal to &#8220;shooting yourself in the foot&#8221; for the U.S., which he says &#8220;is never a victory.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Please read an economics book. The deal lower EU tariffs. That is good News for European consumers. Trump will tax American consumers a lot more. That is bad news for the US economy. The biggest losers are US consumers. Shooting yourself in the foot is never a victory. <a href="https://t.co/vkY1J2gKKK">https://t.co/vkY1J2gKKK</a>
&mdash; Lars Christensen (@MaMoMVPY) <a href="https://twitter.com/MaMoMVPY/status/1949622894759211384?ref_src=twsrc%5Etfw">July 28, 2025</a></blockquote>
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Why It Matters: The announcement of the <a href="https://www.benzinga.com/news/politics/25/07/46650830/donald-trump-announces-15-tariff-trade-agreement-with-eu-ending-months-of-trade-uncertainty">trade deal with the EU</a> on Sunday brought an end to months of trade and tariff-related uncertainties with the U.S.&#8217;s biggest trading partner. 
Besides the 15% tariff on imports from the region, the EU will also be buying $750 billion worth of U.S. energy, while investing $600 billion in the United States. Additionally, nations in the bloc will be purchasing weapons from the U.S., although no amount was mentioned. 
Meanwhile, top officials from the U.S. and China are set to <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46651524/trumps-fentanyl-tariffs-in-beijings-crosshairs-as-china-us-reportedly-set-to-meet-for-stockholm-trade-talks">meet in Stockholm</a> to address pressing trade issues, with Trump saying last week that &#8220;We have the confines of a deal with China.&#8221;
U.S. stock futures are up pre-market, following news of the trade deal over the weekend. The S&amp;P 500 Futures are up 0.37%, trading at 6,449.00, and Nasdaq Futures at 23,538.25, up 0.50%, followed by Dow Futures, which rose over 150 points, up 0.33%, trading at 45,234.00, at the time of writing.
Photo Courtesy: Savvapanf Photo on Shutterstock.com
Read More:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46622277/trumps-trade-deal-with-japan-a-tax-on-americans-economist-says-not-remotely-optimistic-us-auto-companies-will-gain-as-toyota-and-honda-stocks-rally">Trump&#8217;s Trade Deal With Japan A Tax On Americans — Economist Says, &#8216;Not Remotely Optimistic&#8217; US Auto Companies Will Gain As Toyota And Honda Stocks Rally</a></li>
</ul>

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