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The Latest Breaking News from Benzinga

Micron, Nvidia, AMD on Watch as Asia's Chip Selloff Sends Warning to Wall Street

The chip-stock bloodbath that started in Seoul overnight is crossing the Pacific — and Wall Street’s premarket screens are flashing red.

Benzinga

Tesla's Optimus May Soon Have Company as China's BYD Confirms Its First Humanoid Robot Will Debut in August

Chinese electric vehicle giant BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) reportedly confirmed on Tuesday that its first humanoid robot will formally debut in August at its Di Space experience venues, pushing the automaker into a robotics contest already drawing Tesla Inc. (NASDAQ:TSLA) and other carmakers.

Benzinga

Google's Antitrust Woes Deepen As EU Ruling Sparks Potential $10 Billion Legal Threat: Report

Alphabet Inc.-owned (NASDAQ:GOOG) (NASDAQ:GOOG) Google’s years-long regulatory fight in Europe has intensified after its first defeat under the EU’s new digital competition rules, clearing the way for private damages claims that could total as much as $10 billion.

Benzinga

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Trump's Zombie Tariffs Are Back— and Top Economist Justin Wolfers Says It's a 'Never-Ending 24/7 Saga'

President Donald Trump’s sweeping import taxes have returned from the dead, earning the moniker “zombie tariffs,” and economists warn the chaotic policy is wreaking havoc on U.S. businesses.

Benzinga

Kalshi's Flight-Cancellation Betting Is Back— Now Restricted to JFK And Blocked From Anyone Who Could Cause a Crash

Kalshi revived its controversial flight-cancellation market with a restricted contract tied to New York’s John F. Kennedy International Airport, weeks after security concerns forced the prediction-market operator to pause wider wagering.

Benzinga

Rep. Garcia Grills Taylor Farms CEO Over Trump Ties Amid Cyclospora Lettuce Outbreak: 'Tried to Distance Themselves...'

Rep. Robert Garcia (D-Calif.), on the House Oversight Committee, is investigating whether Taylor Farms used its White House connections to influence the federal response to a nationwide cyclospora outbreak linked to its recalled lettuce.

Benzinga

RFK Jr. Accuses Fauci of ‘Incalculable’ Harm as Rand Paul Revives Claims of a COVID ‘Coverup From the Very Beginning’ Ahead of Senate Showdown

Health and Human Services Secretary Robert F. Kennedy Jr. blamed Dr. Anthony Fauci for "incalculable damage" to public trust after Sen. Rand Paul (R-Ky.) released more than 1,000 pages of Fauci’s pandemic-era journals on Monday ahead of a Senate hearing on Wednesday.

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Elissa Slotkin Warns Trump's Generic Drug Tariffs Risk Raising Prescription Costs: 'You, the Customer, Will Pay That Price'

Sen. Elissa Slotkin (D-Mich.) warned that President Donald Trump’s proposed tariffs on generic prescription drugs could increase costs for patients, arguing that allowing Medicare to negotiate broader drug prices would be a more effective way to lower healthcare expenses.

Benzinga

John Thune Pushes Back on Trump’s Call to Cancel August Recess Over SAVE America Act: ‘Show Me How This Ends’

Senate Majority Leader John Thune responded cautiously to President Donald Trump‘s call to cancel the Senate’s five-week August recess to debate the SAVE America Act, saying he is open to the idea only if there is a realistic chance of success and not merely to hold unproductive procedural votes.

Benzinga

Trump's Critical Minerals Policy Is A $6.5 Trillion Trap

President Donald Trump’s campaign to purge Chinese-linked critical minerals from federal supply chains is facing the U.S. industrial reality check.

Benzinga

Trump Touts 'Thousand-Year' Gasoline Supply, Says China Lacks It, as Adam Schiff Questions $13 Billion Venezuelan Oil Claim

As the U.S. and Iran pause hostilities after weeks of continuous strikes, oil prices in the global markets fell sharply. However, gas prices could remain elevated at the pump despite the decline in crude oil prices.

Benzinga

Ron Baron Predicts SpaceX Will Be the World's Biggest Company, Says His $25 Billion Stake Could Still Rise 30-Fold Despite IPO Stumble: 'We Consider Ourselves...'

Ron Baron expects SpaceX (NASDAQ:SPCX) to become the world’s largest company by a wide margin, predicting Baron Capital’s IPO investment could rise 20 to 30 times over the next 10 to 15 years.

Benzinga

Stock Market Today: Dow Jones Futures Gain as Coca-Cola Jumps After Q2 Beat, S&P 500, Nasdaq 100 Decline—Boeing, Johnson & Johnson in Focus (UPDATED)

(Editor’s note: The headline, lede, futures, ETFs, stocks and economic data were updated.)

Benzinga

SK Hynix Sinks Below Nasdaq IPO Price as China Chip Fears Trigger Memory Stock Rout

SK Hynix Inc.‘s (NASDAQ:SKHY) American depositary receipts (ADRs) closed below their IPO price for the first time Monday as investors continued to unwind positions in AI-related semiconductor stocks despite strong long-term demand for memory chips.

Benzinga

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NASA Chief Jared Isaacman Says 'Never Bet Against' Elon Musk, Adds 'We Can't Do It Without' SpaceX for Moon Base

NASA Administrator and former Shift4 Payments Inc. (NYSE:FOUR) CEO Jared Isaacman has backed Elon Musk and Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) goal of establishing space-based compute capacity via orbital data centers.

Benzinga

Adam Schiff Revives AI Ads Act to Ban Deceptive Political Deepfakes: 'We Cannot Allow AI to Further Blur the Line Between…'

On Monday, Sen. Adam Schiff (D-Calif.) announced the reintroduction of the AI Ads Act, a bill designed to prohibit the fraudulent use of artificial intelligence (AI) to misrepresent political candidates, campaigns and committees in federal elections.

Benzinga

Nikki Haley Says Washington Is Borrowing $60,000 Every Second as Congress Takes Summer Recess: 'Our National Debt Is Spiraling'

Former U.S. Ambassador Nikki Haley criticized Congress on Monday, accusing lawmakers of ignoring the nation’s growing debt burden as the House and Senate prepared for their summer recess.

Benzinga

Iran, Oman Reportedly Work Out Hormuz Deal as Trump Sees 'Very Friendly Negotiations' On Ending the War: 'Good Chance…Something Could Happen'

A pause in U.S.-Iran hostilities has sped up diplomatic efforts to secure a temporary agreement to reopen shipping through the Strait of Hormuz, a major flashpoint in the conflict.

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Benzinga

Chuck Schumer Vows to Block Trump's Push to Rename Penn Station, Says Landmark Needs to Be 'Rebuilt,' Not 'Rebranded'

Senate Minority Leader Chuck Schumer (D-N.Y.) pushed back against a reported effort to rename New York’s Penn Station after President Donald Trump, arguing the transportation hub’s priority should be modernization rather than a name change.

Benzinga

Is Citadel's Surprise July Rate Hike Call Viable? Jim Bianco Says 38% Market Odds Mean It's 'Not That Far'

As Wall Street debates whether Citadel Securities’ call for a surprise Federal Reserve rate hike this week is viable, macro researcher Jim Bianco highlighted that current market pricing showing a 38% probability means the firm’s prediction “is not that far” from reality.

Benzinga

Pete Hegseth Has ‘Lost My Confidence,’ Thom Tillis Says as Republicans Warn Pentagon Leadership Is Failing to Deliver an Iran Endgame

Republican criticism of Defense Secretary Pete Hegseth intensified as the nearly five-month U.S. war with Iran strained military budgets, disrupted shipping routes and left lawmakers demanding a clearer endgame.

Benzinga

Kevin O'Leary Slams NYC Mayor Mamdani's 30% Grocery Discount Plan, Warning Stores Will Lose Money On 'Every Single Sale': 'Who Will Pay for Those Losses?'

New York City Mayor Zohran Kwame Mamdani on Monday unveiled a plan to offer a 30% discount on essential groceries at five city-backed grocery stores, prompting criticism from “Shark Tank” investor Kevin O’Leary, who said taxpayers would ultimately bear the cost.

Benzinga

Nvidia CEO Jensen Huang Set to Hold High-Stakes Meetings With Congress Members on 'American Leadership' in AI

Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang is set to hold meetings with members of Congress in Washington this week to discuss the future of artificial intelligence and America’s position in the global AI race.

Benzinga

Cracker Barrel CEO Julie Masino Steps Down Nearly a Year After 'Woke' Logo Backlash That Left Her Feeling 'Fired By America'— Former Yum! Executive David Deno to Take Over

Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) CEO Julie Masino is stepping down, the company announced Monday, nearly a year after its controversial branding modernization sparked political backlash.

Benzinga

Chris Christie Warns Republicans About ‘Deadly Numbers’ — Take 'Distance' From Trump or 'Go Down With Him'

Former Gov. Chris Christie (R-N.J.) warned that Republican candidates could face growing political risks if they remain closely tied to President Donald Trump as voters express dissatisfaction with his administration’s performance.

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