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The Latest Breaking News from Benzinga

Elon Musk Says 'Birth Rates Drop As Countries Get Wealthier' — The Economy Isn't Why U.S. Birth Rates Decline, 'Poorer’ Countries Have More Kids

If soaring home prices were the whole story behind America’s falling birth rate, the solution might be as simple as building more houses. Tesla and SpaceX CEO Elon Musk says history suggests it’s not that simple.

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Benzinga Bulls and Bears: AeroVironment, Reddit, Oracle — And Stocks End Week on High Note

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.

Benzinga

Scott Bessent Dismisses Criticism of Trump's $1 Billion Crypto Windfall— Says There's No 'Appearance Problem' With it: 'This is an Innovation Presidency'

On Thursday, Treasury Secretary Scott Bessent dismissed concerns over President Donald Trump’s billion-dollar cryptocurrency earnings.

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Trump Has 'Promised' to Remove Colombian President Petro From US Sanctions List After Apparently Not Knowing He Was On it

Colombian President Gustavo Petro said Friday that President Donald Trump promised to act on removing Petro and his family from the U.S. Treasury’s Office of Foreign Assets Control sanctions list, commonly known as the Clinton List.

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Trump Jokes He Mostly Reads 'Stories About Myself' During Appearance On Second Lady Usha Vance's Children's Podcast

President Donald Trump mixed humor, presidential history and playful jabs at his predecessors during a guest appearance on Second Lady Usha Vance’s children’s podcast, where he joked that he spends most of his reading time on “stories about myself.”

Benzinga

Why is DOJ Seeking a Light Sentence in the $100 Million New Jersey Deli Stock Manipulation Case? Court Filing Withholds Key Reasons

Federal prosecutors are seeking a prison sentence far below federal sentencing guidelines for a defendant in the infamous $100 million New Jersey deli stock-manipulation case, but key portions of the government’s reasoning reportedly remain hidden from public view.

Benzinga

Mayor Mamdani Slams Elon Musk Over Wealth 'Hunger' As America's 250th Anniversary Speech Sparks Tesla CEO's Fiery Response: 'He is a Taker, Never a Maker'

New York City Mayor Zohran Mamdani (D) took aim at Tesla (NASDAQ:TSLA) CEO Elon Musk on Friday, using a speech marking America’s 250th anniversary to spotlight wealth inequality.

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Trump Administration Ramps Up Pressure on Oil Industry As Federal Agencies Push States to Investigate Elevated Gas Prices

On Friday, the Donald Trump administration intensified its scrutiny of the petroleum industry by urging state officials to investigate whether oil companies or fuel retailers are unlawfully keeping gasoline prices elevated despite falling crude oil costs.

Benzinga

Trump Faces New Questions As Report Says Boeing, Lockheed, Palantir and Other Federal Contractors Supported Both America250 and His Freedom 250 Initiative

Major companies with significant federal interests reportedly funded both the official U.S. semiquincentennial effort and President Donald Trump’s parallel Freedom 250 initiative.

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Trump Won't Create AI Regulator, Says Former White House Adviser Sriram Krishnan Amid Data Center Backlash: 'That Is Never, Never Going To Happen...'

Former Senior White House Policy Advisor on Artificial Intelligence Sriram Krishnan said the White House will not create a centralized AI licensing body akin to the Food and Drug Administration.

Benzinga

Trump's Crypto Push Isn't About Bitcoin Anymore—It's About the Dollar

President Donald Trump may have defended his family’s cryptocurrency ventures this week, but the bigger story for investors isn’t the billions tied to crypto—it’s what his administration wants crypto to become.

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Oil Crash Masks A 2030 Supply Shock

Not so long ago, oil prices were firmly in the triple digits, with investors stressing over their further prospects and inflationary effects.

Benzinga

After Tesla, Samsung Eyes Meta Platforms for $6.5 Billion AI Chip Agreement: Report

Meta Platforms Inc. (NASDAQ:META) is reportedly in talks with Samsung Foundry of parent Samsung Electronics Co Ltd. (OTC:SSNLF) for manufacturing its forthcoming AI chips, in a deal valued at over 10 trillion won ($6.53 billion).

Benzinga

Brent Crude Could Sink to $60 a Barrel by Year-End Despite 'Temporary Flare-Ups' Between US and Iran, Citi Analysts Say

Analysts from Citi predict a significant drop in Brent crude prices to $60 a barrel by year-end, banking on the U.S.-Iran truce to hold.

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Alex Karp's AI Vision Gets Fresh Backing As Analysts Call Palantir the ‘Oxygen’ Behind Enterprise AI

As the artificial intelligence software trade weakens, analysts at Futurum Equities are arguing that Palantir Technologies Inc. (NASDAQ:PLTR) has emerged as the critical data infrastructure—the “oxygen”—allowing enterprises to harness AI without making the ultimate strategic “faux pas” of surrendering their proprietary data to frontier labs like OpenAI.

Benzinga

Amazon's Starlink Rival Leo Surpasses 390 Satellites After Atlas V Launch, Eyes Initial Service This Year

Amazon.com Inc. (NASDAQ:AMZN) expects to roll out initial internet service with its Leo broadband satellite network later this year after its latest launch pushed the constellation’s satellite count above 390, a company executive said Thursday.

Benzinga

Jack Smith Breaks Silence on Trump— Warns ‘Rule of Law’ is Under Attack and Says He's ‘Very Concerned’ About Midterm Election Integrity

Former special counsel Jack Smith has expressed serious concerns regarding the rule of law under the Trump administration, suggesting a possible indictment against him by the Department of Justice (DoJ).

Benzinga

Michael Burry Is Shorting Micron as a 'Destroyer Of Capital' Despite Trump's Praises and a 241% Rally— Here's Why

Michael Burry, the famous “Big Short” investor, has initiated a new short position against semiconductor giant Micron Technology Inc. (NASDAQ:MU), declaring the artificial intelligence darling a structural “destroyer of capital” caught in a highly psychological market bubble.

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Trump Once Said the US Did Not Need Canadian Goods— Now Mark Carney's New Oil Pipeline Could Open Exports Beyond US

Canadian Prime Minister Mark Carney on Thursday unveiled plans for a new oil pipeline in Canada’s Alberta Province to the country’s west coast, along the Pacific Ocean, which could open doors to oil exports to Asia.

Benzinga

Trump Administration Targets Hospital Markups on Discounted Medicare Drugs, Says New Rule Could Save Patients $1.1 Billion Next Year: Report

The Trump administration proposed a new rule Thursday aimed at preventing hospitals from marking up discounted drugs for Medicare patients, saying the change could save consumers $1.1 billion next year, according to estimates obtained by the Associated Press.

Benzinga

Michael Burry's Bearish Bet On Caterpillar Sparks Debate— Analyst Says the 'Big Short' Investor is Missing the 'Structural Theme'

“Big Short” investor Michael Burry has placed a bearish bet on Caterpillar Inc. (NYSE:CAT), the heavy-machinery giant, which continues to benefit from the AI infrastructure buildout. However, some on Wall Street believe the bearish wager is misplaced.

Benzinga

Meta's Upcoming 'Watermelon' AI Model Matches OpenAI's GPT-5.5 on Key Benchmarks, Alexandr Wang Reportedly Tells Employees

Meta Platforms Inc. (NASDAQ:META) forthcoming AI model, Watermelon, has reportedly reached the same performance level as OpenAI’s GPT-5.5 model, as per the company’s Superintelligence Chief, Alexandr Wang.

Benzinga

Elizabeth Warren Says Trump's Justice Department Gave Egg Price-Fixing Accused Companies a 'Mere Slap on the Wrist': It Is 'Shameful'

On Thursday, Sen. Elizabeth Warren (D-Mass.) criticized the Donald Trump administration’s Justice Department after it reached a $3.3 million settlement with three major egg producers accused of coordinating to inflate egg prices.

Benzinga

Cathie Wood Calls June Jobs Report 'Weird' and 'Very Distorted' As Wall Street Says the Payroll Miss Doesn't Add Up

The U.S. economy added just 57,000 nonfarm payroll jobs in June, falling sharply below expectations prompting ARK Invest CEO Cathie Wood to call government statistics “very distorted.” As Wall Street analysts label the print “misleading” due to anomalies like job losses during the World Cup, both investors and economists are…

Benzinga

Donald Trump Jr.'s 'Amazon of Guns' Stake Faces Scrutiny as Proposed ATF Rule Could Send Millions of Firearms Directly to Buyers' Homes

Donald Trump Jr.-backed GrabAGun Digital Holdings Inc. (NYSE:PEW), an online firearms retailer sometimes described as the "Amazon of guns," could benefit from a proposed Bureau of Alcohol, Tobacco, Firearms and Explosives rule that would make it easier for licensed dealers to ship guns directly to buyers’ homes.

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