Organogenesis Holdings Stock (NASDAQ: ORGO)

Organogenesis Holdings (NASDAQ:ORGO) Stock

Organogenesis Hldgs

Organogenesis Holdings

Organogenesis Holdings Inc is a regenerative medicine company focused on the development, manufacture, and commercialization of product solutions for the advanced wound care, surgical, and sports medicine markets. The company's portfolio of regenerative medicine products in the advanced wound care category includes Apligraf, Dermagraft, PuraPly AM, CYGNUS Dual, etc., and the sports medicine products include NuShield as a surgical barrier and PuraForce as a reinforcement matrix in targeted soft tissue repairs; and Affinity, Novachor, PuraPly MZ, PuraPly AM, and PuraPly SX for management of open wounds in the surgical setting. The company operates in a single segment, that is, regenerative medicine.

Organogenesis Holdings Inc

Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) delivered better-than-expected <a href="https://www.benzinga.com/markets/earnings/25/07/46440395/johnson-johnson-lifts-annual-forecast-after-strong-cancer-drugs-medtech-performance">second quarter results</a>, with the management hinting at leveraging tariff delays to maintain its outlook; however, CNBC&#8217;s Jim Cramer credited the performance to lower tariffs.
Check out the current price of <a href="https://www.benzinga.com/quote/JNJ">JNJ stock here</a>.
What Happened: Cramer in an X post said "tariffs will be lower than thought" as the key driver for JNJ&#8217;s stock performance after the earnings, spotlighting oncology, MedTech, and neuro gains. However, JNJ executives paint a different picture.
Insights from JNJ's Executive Vice President John Reed during the earnings call reaffirmed JNJ's full-year operating margin guidance of a 300 basis point improvement, crediting efficiency programs and nonrecurring charges rather than a significant tariff reduction.
Initially projecting a $400 million tariff impact for 2025, Reed noted this cost now pertains exclusively to the MedTech business, with plans to reinvest savings into pipeline acceleration.
"We continue to monitor future tariff impacts," he added, signaling ongoing uncertainty amid U.S. trade policy shifts under the Donald Trump administration, which has hinted at <a href="https://www.benzinga.com/markets/equities/25/07/46364024/trump-threatens-200-pharma-tariffs-but-analyst-says-this-stock-is-immune-and-expected-to-benefit-from-levies">200% tariffs</a> on pharmaceuticals.
Additionally, CFO Joe Wolk <a href="https://www.bloomberg.com/news/articles/2025-07-16/j-j-beats-sales-expectations-while-trump-threatens-tariffs">told</a> Bloomberg that a slow tariff ramp-up, potentially starting late July with levies up to 200% if manufacturing doesn't shift to the U.S., offers strategic breathing room, not relief, given the time needed for biopharma facilities. 
This comes as President Trump announced last week that the <a href="https://www.benzinga.com/markets/equities/25/07/46364024/trump-threatens-200-pharma-tariffs-but-analyst-says-this-stock-is-immune-and-expected-to-benefit-from-levies">pharma tariffs</a>, part of a Section 232 investigation launched in April, are expected to be detailed by month&#8217;s end, with a grace period of &#8220;about a year, year and a half&#8221; before implementation.
The delay shows "there's an understanding you can't put up a biopharmaceutical manufacturing facility overnight," Wolk told Bloomberg. "As long as those conversations continue to occur, I think we're in a pretty good position."
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46438576/nvidia-is-on-a-march-to-5-trillion-market-capitalization-says-dan-ives-as-he-predicts-bullish-environment-for-tech-and-crypto-very-strong-second-half">Nvidia Is &#8216;On A March To $5 Trillion&#8217; Market Capitalization, Says Dan Ives As He Predicts Bullish Environment For Tech And Crypto: &#8216;Very Strong Second Half&#8217;</a>
Why It Matters: JNJ reported a <a href="https://www.benzinga.com/markets/earnings/25/07/46440395/johnson-johnson-lifts-annual-forecast-after-strong-cancer-drugs-medtech-performance">second-quarter</a> adjusted earnings of $2.77 per share, down 1.8% year over year, beating the consensus of $2.68. Its revenue of $23.74 billion was up 5.8% year over year, beating the consensus of $22.85 billion.
The company expects adjusted earnings of $10.80-$10.90, up from prior guidance of $10.50-$10.70, compared to the consensus of $10.62. It also raised sales guidance from $91 billion-$91.8 billion to $93.2 billion-$93.6 billion versus $91.4 billion.
Price Action: JNJ advanced 6.19% on Wednesday, and it was up 14.41% in 2025 and 5.24% over the past year.
Benzinga Edge Stock Rankings shows that JNJ had a weaker price trend over the medium and long term but a stronger trend over the short term. Its momentum ranking was moderate, and its value ranking was poor at the 25.05th percentile. The details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="154" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17021123/JNJ-Edge--1024x154.png" alt="" class="wp-image-988997" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17021123/JNJ-Edge--1024x154.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17021123/JNJ-Edge--300x45.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17021123/JNJ-Edge--768x116.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17021123/JNJ-Edge-.png 1161w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, ended higher on Wednesday. The SPY was up 0.33% at $624.22, while the QQQ advanced 0.10% to $557.29, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pr</a>o data.
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Photo courtesy: Shutterstock

Equities

Johnson & Johnson Credits Tariff Delays For Strong Earnings, While Jim Cramer Pegs It On 'Lower Than Thought' Levies

PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) will release earnings results for the second quarter, before the opening <a href="https://www.benzinga.com/quote/PEP/earnings">bell on Thursday, July 17.</a>
Analysts expect the soft drink and snack company to report quarterly earnings at $2.03 per share. It reported $2.28 per share in the previous year. PepsiCo is also projected to report quarterly revenue of $22.3 billion. Compare that to $22.5 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On July 15, PepsiCo and Cargill announced a strategic collaboration to advance regenerative agriculture practices across 240,000 acres from 2025 through 2030.
PepsiCo shares gained 1.2% to close at $135.35 on Wednesday.
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/GBX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>B of A Securities analyst Bryan Spillane maintained a Neutral rating and cut the price target from $150 to $145 on July 11, 2025. This analyst has an accuracy rate of 62%.</li>
<li>Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and slashed the price target from $150 to $140 on April 25, 2025. This analyst has an accuracy rate of 62%.</li>
<li>Morgan Stanley analyst Dara Mohsenian maintained an Equal-Weight rating and slashed the price target from $168 to $153 on April 25, 2025. This analyst has an accuracy rate of 71%.</li>
<li>Deutsche Bank analyst Steve Powers maintained a Buy rating and cut the price target from $184 to $178 on Jan. 22, 2025. This analyst has an accuracy rate of 68%.</li>
<li>TD Cowen analyst Robert Moskow maintained a Hold rating and lowered the price target from $183 to $160 on Jan. 8, 2025. This analyst has an accuracy rate of 67%</li>
</ul>
Considering buying PEP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="575" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17025522/image-206-1024x575.png" alt="" class="wp-image-989069" style="width:604px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17025522/image-206-1024x575.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17025522/image-206-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17025522/image-206-768x431.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17025522/image-206.png 1125w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Photo via Shutterstock

Earnings

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Pre-Market Outlook

Markets

Analyst Ratings

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The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Wednesday.
U.S. stocks settled higher on Wednesday, with the Dow Jones index gaining more than 200 points during the session.
Reports circulated that President Donald Trump may be preparing to remove Federal Reserve Chair Jerome Powell from his post. The rumors sparked fears over the Fed&#8217;s independence, triggering a broad flight to gold and a sell-off in the U.S. dollar.
Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) reported second-quarter results that beat analyst expectations, boosted by robust gains in its global banking and trading divisions. Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) posted better-than-expected second-quarter financial earnings.
On the economic data front, the Producer Price Index was flat in June, down from a 0.3% gain in May and below the 0.2% consensus forecast. On a year-over-year basis, producer prices rose 2.3%, the slowest pace since September 2024 and softer than the 2.5% economists had expected.
Most sectors on the S&amp;P 500 closed on a positive note, with financial, real estate and health care stocks recording the biggest gains on Wednesday. However, energy and communication services stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by 231 points to 44,254.78 on Wednesday. The S&amp;P 500 rose 0.32% to 6,263.70, while the Nasdaq Composite gained 0.25% to 20,730.49 during Wednesday's session.
Investors are awaiting earnings results from PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>), GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) and Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 73.9, the index remained in the &#8220;Greed&#8221; zone on Wednesday, versus a prior reading of 73.7.
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.
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Photo via Shutterstock

NFLX

Dow Gains Over 200 Points Amid Upbeat Earnings: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

Reported Earlier, NioCorp Announces Proposed US Public Offering Of Common Shares To Support Elk Creek Project Development

Artificial intelligence safety researchers from OpenAI and Anthropic are publicly criticizing Elon Musk&#8216;s xAI for what they call &#8220;completely irresponsible&#8221; safety practices, raising potential regulatory and enterprise adoption concerns for the billion-dollar startup.
What Happened: The criticism follows recent controversies involving xAI&#8217;s Grok chatbot, which generated antisemitic content and called itself &#8220;MechaHitler&#8221; before being taken offline. The company subsequently launched Grok 4, a frontier AI model that <a href="https://techcrunch.com/2025/07/16/openai-and-anthropic-researchers-decry-reckless-safety-culture-at-elon-musks-xai/">reportedly</a> incorporates Musk&#8217;s personal political views into responses.
Boaz Barak, a Harvard professor working on safety research at OpenAI, said on X that xAI&#8217;s safety handling is &#8220;completely irresponsible.&#8221; Samuel Marks, an AI safety researcher at Anthropic, called the company&#8217;s practices &#8220;reckless.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I didn&#39;t want to post on Grok safety since I work at a competitor, but it&#39;s not about competition. I appreciate the scientists and engineers at <a href="https://twitter.com/xai?ref_src=twsrc%5Etfw">@xai</a> but the way safety was handled is completely irresponsible. Thread below.
&mdash; Boaz Barak (@boazbaraktcs) <a href="https://twitter.com/boazbaraktcs/status/1945165577154175288?ref_src=twsrc%5Etfw">July 15, 2025</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">xAI launched Grok 4 without any documentation of their safety testing. This is reckless and breaks with industry best practices followed by other major AI labs. If xAI is going to be a frontier AI developer, they should act like one. &#x1f9f5;
&mdash; Samuel Marks (@saprmarks) <a href="https://twitter.com/saprmarks/status/1944455357629333938?ref_src=twsrc%5Etfw">July 13, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/markets/asia/25/07/46458854/seven-i-crashes-9-after-couche-tard-yanks-47-billion-takeover-bid-slams-lack-of-good-faith-talks-tokyo-retail-giant-calls-move-unilateral" target="_blank" rel="noreferrer noopener">Seven &amp; i Crashes 9% After Couche-Tard Yanks $47 Billion Takeover Bid, Slams ‘Lack of Good Faith' Talks — Tokyo Retail Giant Calls Move ‘Unilateral'</a>
Why It Matters: The primary concern centers on xAI&#8217;s decision not to publish system cards—industry-standard safety reports detailing training methods and evaluations. 
While OpenAI and Alphabet Inc.&#8216;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>) Google have inconsistent publishing records, they typically release safety reports for frontier AI models before full production deployment.
Dan Hendrycks, xAI&#8217;s safety adviser, confirmed the company did not conduct &#8220;any dangerous capability evaluations&#8221; on Grok 4 but has not published results publicly.
<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">&quot;didn&#39;t do any dangerous capability evals&quot; This is false.
&mdash; Dan Hendrycks (@DanHendrycks) <a href="https://twitter.com/DanHendrycks/status/1943703394100850830?ref_src=twsrc%5Etfw">July 11, 2025</a></blockquote>
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The xAI is pursuing enterprise opportunities, with <a href="https://www.benzinga.com/markets/tech/25/07/46407767/elon-musks-xai-launches-grok-for-government-after-winning-200-million-pentagon-contract">ambitions that include potential</a> Pentagon contracts and future integration into Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) vehicles. Steven Adler, former OpenAI safety team lead, <a href="https://techcrunch.com/2025/07/16/openai-and-anthropic-researchers-decry-reckless-safety-culture-at-elon-musks-xai/">told</a> TechCrunch that &#8220;governments and the public deserve to know how AI companies are handling risks.&#8221;
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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: JRdes / Shutterstock.com

Tech

GOOG

GOOGL

TSLA

Elon Musk's xAI Faces Industry Backlash Over 'Reckless' AI Safety Practices As Regulatory Scrutiny Intensifies

AIRE

Reported Earlier, reAlpha Tech Prices $2M Public Offering Of 13.3M Common Stock And Two Series Of Warrants At $0.15

ARK Invest CEO Cathie Wood has sounded the alarm over growing job market pressures, especially for new college graduates, amid <a href="https://www.benzinga.com/25/05/45661563/one-in-four-americans-are-functionally-jobless-the-true-unemployment-metric-thats-raced-to-its-highest-in-months">rising unemployment</a> and the disruptive impact of artificial intelligence on entry-level roles.
What Happened: In a video shared by ARK Invest on Wednesday, Wood pointed to troubling labor market trends, citing The Wall Street Journal's reporting on new grads struggling to land jobs.
"We do know that AI is certainly hurting entry-level jobs," she said, highlighting that the unemployment rate for recent graduates has climbed from a <a href="https://www.benzinga.com/tech/25/05/45613320/ai-is-gutting-entry-level-jobs-and-gen-z-is-paying-the-price-warns-linkedins-aneesh-raman">recent low of 4% to around</a> 6.3% or 6.4%.
Wood offered direct advice to those entering or re-entering the workforce: "Start focusing on AI. There's a lot you can do yourselves," she urged, encouraging job seekers to upskill as automation reshapes hiring dynamics.
She also noted that continuing unemployment claims are rising, a sign that many unemployed individuals are struggling to find work, even as initial claims remain stable.
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46262476/trump-wall-street-interest-rates-powell-fed">Trump And Wall Street Want Rate Cuts—The Data Says: Keep Waiting</a>
<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">On &quot;In The Know,&quot; <a href="https://twitter.com/CathieDWood?ref_src=twsrc%5Etfw">@CathieDWood</a> addresses growing job market concerns, especially for recent college grads. With rising unemployment and AI impacting entry-level roles, her job advice is clear: start learning AI—now.
&mdash; ARK Invest (@ARKInvest) <a href="https://twitter.com/ARKInvest/status/1945586433303220337?ref_src=twsrc%5Etfw">July 16, 2025</a></blockquote>
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The comments first came during Episode LXIX of "In The Know," ARK's monthly video series posted earlier this month, where Wood addressed broader economic issues.
Why It's Important: Last month, the Kobeissi Letter <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46110254/us-labor-market-is-flashing-red-plentiful-versus-hard-to-get-job-gauge-hits-4-year-low-signals-unemployment-could-jump-to-6">highlighted that the gap between</a> Americans who say jobs are &#8220;plentiful&#8221; versus &#8220;hard to get&#8221; has narrowed to 11.1%, the lowest since 2017, excluding the COVID-19 spike.
Economists view this as a warning sign, historically followed by rising unemployment. The data now points to a potential increase in the U.S. unemployment rate to 6.0% in the coming months.
Previously, Craig Shapiro also cautioned that AI could disrupt 25% of all jobs by 2030 — a challenge he says the Federal Reserve is <a href="https://www.benzinga.com/markets/economic-data/25/06/46093421/ai-will-disrupt-25-of-us-jobs-by-2030-and-the-fed-cant-save-them-economist-warns">largely powerless to resolve</a>.
In June, speaking at SXSW London, Demis Hassabis, CEO of Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google DeepMind, said that AI will &#8220;supercharge&#8221; <a href="https://www.benzinga.com/markets/tech/25/06/45740298/googles-demis-hassabis-says-ai-natives-have-very-valuable-jobs-waiting-for-them-but-they-need-to-study-these-subjects-at-school">technically skilled individuals</a> in the next 5–10 years and advised students to focus on STEM fields to understand AI fundamentals.
Earlier, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang also encouraged students to start leveraging AI now to <a href="https://www.benzinga.com/tech/25/05/45485072/if-i-were-a-student-today-heres-how-id-use-ai-to-do-my-job-better-says-nvidia-ceo">boost their career opportunities</a> and productivity.
Meanwhile, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has <a href="https://www.benzinga.com/markets/tech/25/07/46226585/microsoft-cuts-9000-jobs-in-second-2025-layoff">cut 9,000 jobs in its second round</a> of 2025 layoffs—affecting less than 4% of its workforce—as it balances cost control with an $80 billion investment in AI data centers.
On the flip side, Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and OpenAI are fueling a talent war in Silicon Valley, offering <a href="https://www.benzinga.com/markets/equities/25/07/46240607/microsoft-slashes-9000-jobs-while-mark-zuckerbergs-meta-poaches-20-million-worth-of-ai-talent-from-openai-investor-warns-of-jealousy-envy-and-helplessness-among-tech-workers-in-silic">compensation packages</a> as high as $20 million annually.
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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>
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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.

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The Chinese Government vows to regulate the fiercely competitive EV price war currently taking the country's domestic car market by storm, calling it a "phenomenon of irrational competition."
What Happened: The Chinese cabinet vowed to strengthen cost investigation and price monitoring in the country's car market, Reuters reported on Wednesday, citing Chinese state broadcaster CCTV.
The CCP will focus on promoting the development of high-quality EVs in the industry and implement short- and long-term measures to curb the EV price war in the country, the report suggests.
The report also suggests the government will urge automakers to uphold supplier payment commitments. The meeting also discussed ways to boost domestic consumption by removing restrictions on household spending.
Why It Matters: The news comes as the government in the past had <a href="https://www.benzinga.com/news/topics/25/06/45715047/byds-aggressive-pricing-triggers-ev-rat-race-stock-tumbles-authorities-voice-concern">raised concerns</a> about the increasingly cutthroat competition between automakers in the EV sector.
The government also brought in a regulation in March, requiring manufacturers to <a href="https://www.benzinga.com/markets/tech/25/06/45878086/tesla-rivals-byd-xpeng-pledge-faster-supplier-payments-amid-ev-price-war-in-china-report">clear dues to suppliers</a> within 60 days. The regulations kicked into effect starting in June, leading to automakers pledging to clear supplier dues.
Elsewhere, despite scrutiny and criticism, Chinese EV giant BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) released a <a href="https://www.benzinga.com/markets/tech/25/07/46187880/tesla-rival-byd-launches-11000-long-range-trim-of-its-best-selling-seagull-ev-as-price-war-heats-up">longer-range version</a> of its best-selling Seagull EV for $11,000 in China, with a claimed CLTC range of 252 miles.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<a href="https://www.benzinga.com/markets/asia/25/06/46111314/byd-denies-production-cutbacks-amid-ev-price-war-says-output-remains-stable-report">BYD Denies Production Cutbacks Amid EV Price War, Says Output Remains Stable: Report</a>
Photo courtesy: Shutterstock

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