Foxx Development Hldgs 株価情報 (NASDAQ: FOXX)

最新ニュース Foxx Development Hldgs (NASDAQ:FOXX) 株価情報

Foxx Development Hldgs

Foxx Development Holdings Inc is a consumer electronics and integrated Internet-of-Things (IoT) solution company catering to both retail and institutional clients. With robust research and development capabilities and a strategic commitment to cultivating long-term partnerships with mobile network operators, distributors, and suppliers. Its products include tablets, smartphones, wearables, and other high-quality communication terminals.

Foxx Development Holdings Inc. - Common Stock

Foxx Development Holdings Inc

The transaction will significantly increase the Company's operational scale and footprint in the DJ Basin and add highly economic drilling locations.&nbsp;
The transaction consideration will consist of cash and up to ~5.2 million shares of Prairie common stock.&nbsp;
Prairie anticipates funding the cash portion of the consideration, net of expected purchase price adjustments, through a combination of cash on hand and borrowings under the Company's credit facility, pursuant to which the Company has received commitments to expand its borrowing base to $475 million as of the closing of the Bayswater Acquisition, and proceeds from one or more capital markets transactions, subject to market conditions and other factors.

News

PROP

Prairie Operating Enters Definitive Purchase And Sale Agreement To Acquire Certain DJ Basin Assets from Bayswater Exploration For $$602.75M

JP Morgan analyst Jeffrey Zekauskas downgrades Air Products &amp; Chemicals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APD#NYSE">APD</a>) from Overweight to Neutral and lowers the price target from $345 to $320.

Downgrades

Price Target

Analyst Ratings

JP Morgan Downgrades Air Products & Chemicals to Neutral, Lowers Price Target to $320

Proto Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.32 by 18.75 percent. This is a 17.39 percent decrease over earnings of $0.46 per share from the same period last year. The company reported quarterly sales of $121.750 million which beat the analyst consensus estimate of $120.117 million by 1.36 percent. This is a 2.64 percent decrease over sales of $125.048 million the same period last year.

Earnings

Earnings Beats

PRLB

Proto Labs Q4 2024 Adj. EPS $0.38 Beats $0.32 Estimate, Sales $121.750M Beat $120.117M Estimate

Morgan Stanley analyst Dara Mohsenian downgrades e.l.f. Beauty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) from Overweight to Equal-Weight and lowers the price target from $153 to $70.

Morgan Stanley Downgrades e.l.f. Beauty to Equal-Weight, Lowers Price Target to $70

Canaccord Genuity analyst Brian McNamara upgrades Spectrum Brands Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>) from Hold to Buy and raises the price target from $94 to $102.

Upgrades

Canaccord Genuity Upgrades Spectrum Brands Holdings to Buy, Raises Price Target to $102

Aurora Mobile Announced That Its Leading Enterprise Ai Agent Platform, GPTBots.ai,, Has Unveiled Its Enhanced On-premise Deployment Solutions Powered By The Integration Of The Highly Acclaimed DeepSeek

Asset management behemoth, Franklin Templeton Investments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>), is seeking regulatory approval to launch a new cryptocurrency index exchange-traded fund (ETF).
What Happened: Franklin Templeton filed an application with the U.S. Securities and Exchange Commission (SEC) seeking approval to launch a new crypto index exchange-traded fund (ETF). 
&#8220;The fund currently may not hold any digital asset other than bitcoin and ether. It is uncertain whether any digital assets other than bitcoin and ether may in the future be added to the Underlying Index,&#8221; said Franklin Templeton in a regulatory filing on Thursday.
As of the filing date, the index was composed of 86.31% Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and 13.69% Ether (CRYPTO: ETHER). However, the weightage will be &#8220;rebalanced and reconstituted&#8221; quarterly in March, June, and December, stated the filing.
Franklin Templeton is aiming to leverage the growing interest in cryptocurrencies, a trend that has been fueled by President Donald Trump&#8216;s victory and his promise to transform the U.S. into the &#8220;crypto capital of the world&#8221; and to amass a national Bitcoin reserve. 
The SEC, which had earlier attempted to restrict ETFs from investing in Bitcoin due to investor protection concerns, greenlit Bitcoin and Ether ETFs last year. This decision has enabled a broader spectrum of investors, including institutional ones, to gain exposure to Bitcoin.
SEE ALSO: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43526178/ethereum-faces-intense-competition-from-solana-struggles-to-compete-with-bitcoin-jpmorgan">Ethereum Faces &#8216;Intense Competition&#8217; From Solana, Struggles To Compete With Bitcoin: JPMorgan</a>
Why It Matters: Franklin Templeton&#8217;s move comes at a time when the cryptocurrency market is experiencing significant fluctuations. Despite a&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43550794/bitcoin-spikes-among-trump-media-etf-move-ethereum-dogecoin-drop-top-analyst-eyes-eth-at-14k-on-breakout">downturn</a>&nbsp;in global market capitalization, institutional adoption is on the rise, with Bitcoin investments being permitted at the state level.
Moreover, the possibility of ETFs for other cryptocurrencies, including meme coins, is not entirely off the table. As&nbsp;<a href="https://www.benzinga.com/25/02/43440361/exclusive-dogecoin-etf-justified-more-meme-coins-etfs-possible-bitwise-cio-says">Bitwise CIO Matthew Hougan</a>&nbsp;noted, such ETFs would require a liquid, globally distributed market with limited insider influence. 
Also, on Thursday, Chicago's Cboe Exchange submitted four distinct applications to the SEC for XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) ETFs on behalf of WisdomTree, Bitwise, 21Shares, and Canary.
This suggests that Franklin Templeton&#8217;s ETF if approved, could pave the way for a wider range of crypto-based ETFs in the future.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43526328/bitcoin-could-see-a-20b-market-cap-boost-from-1-billion-btc-reserve-purchase-says-analyst-could-have-bigger-surges-this-year-if-central-banks-really-get-involved">Bitcoin Could See A $20B Market Cap Boost From $1 Billion BTC Reserve Purchase, Says Analyst: &#8216;Could Have Bigger Surges This Year If Central Banks Really Get Involved&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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

Cryptocurrency

Markets

Tech

$BTC

$ETH

$XRP

Franklin Templeton Seeks SEC Approval For New Crypto Index ETF Focused On Bitcoin And Ether

Keefe, Bruyette &amp; Woods analyst Meyer Shields downgrades American Finl Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AFG#NYSE">AFG</a>) from Outperform to Market Perform and lowers the price target from $164 to $144.

Keefe, Bruyette & Woods Downgrades American Finl Gr to Market Perform, Lowers Price Target to $144

Mercedes-Benz&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGAF#OTC">MBGAF</a>) EV drivers in the U.S. can now charge at over 20,000 Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) supercharger locations using an adapter, the German automaker announced on Thursday.
What Happened: Customers can purchase the adapters through an authorized dealer and use them to charge on the supercharger network now. 
Select EV models from the German automaker will come equipped with a port compatible with the supercharger, removing the need for the adapter, the company said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Power up at more places. Mercedes-Benz drivers in the U.S. can now access over 20,000 Tesla Supercharger locations. This grows the Mercedes me Charge network to over 140,000 charging stations. Contact your Mercedes-Benz dealer about adapter availability. Learn More:… <a href="https://t.co/IdBrRUvKgP">pic.twitter.com/IdBrRUvKgP</a>
&mdash; Mercedes-Benz USAㅤ (@MercedesBenzUSA) <a href="https://twitter.com/MercedesBenzUSA/status/1887550123925721160?ref_src=twsrc%5Etfw">February 6, 2025</a></blockquote>
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Mercedes is the latest to gain access to the supercharger network. Drivers of EVs from Ford, General Motors, Rivian, Volvo, Polestar, Lucid, and Nissan also have <a href="https://www.benzinga.com/news/24/06/39471112/tesla-adds-mercedes-benz-to-supercharger-network-waitlist-adjusts-timelines-for-rival-ev-makers-upda">access to the supercharger network </a>across North America.
BMW, Genesis, Jaguar Land Rover, Hyundai, and Kia drivers are also slated to gain access going forward. 
Why It Matters: With Tesla itself adding more EVs on the road and opening the network to EV drivers from rival automakers, demand for charging infrastructure is on a steady rise. 
Tesla executive Max de Zegher on Thursday acknowledged the need for more superchargers to alleviate the gap between availability and demand. 
&#8220;We&#8217;re working around the clock to keep up with demand, including adding 500-1000 Supercharger stalls each month in North America alone,&#8221; de Zegher, Director of Charging for North America, said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Superchargers in North America are already becoming the #1 network (in terms of sessions/energy) within months of OEMs getting access. It&#39;s awesome for <a href="https://twitter.com/TeslaCharging?ref_src=twsrc%5Etfw">@TeslaCharging</a> to see the difference we&#39;re making for all EV drivers. We&#39;re working around the clock to keep up with demand,… <a href="https://t.co/ydXMkRw5rO">https://t.co/ydXMkRw5rO</a>
&mdash; Max de Zegher (@MdeZegher) <a href="https://twitter.com/MdeZegher/status/1887590648464937110?ref_src=twsrc%5Etfw">February 6, 2025</a></blockquote>
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Tesla had 54,892 supercharger connectors around the globe as of the end of 2023. By the end of 2024, this <a href="https://x.com/MdeZegher/status/1887590648464937110">rose by 19% to 65,495 connectors</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/02/43552235/tesla-hikes-model-x-price-by-5000-making-it-more-expensive-than-cybertruck">Tesla Hikes Model X Price By $5000, Making It More Expensive Than Cybertruck</a></li>
</ul>
Photo courtesy: Shutterstock

MERCEDES BENZ GROUP AG by Mercedes Benz Group AG

MBGAF

TSLA

Mercedes Benz Gains Access To Tesla Supercharger Network: Looking To Add 500-1000 Supercharger Stalls A Month In North America, Says EV Giant's Exec

<a href="https://x.com/bresreports/status/1887804585625940326" title="https://x.com/bresreports/status/1887804585625940326">https://x.com/bresreports/status/1887804585625940326</a>

SNAP

Punchbowl News Reported President Trump Tasked VP Vance And National Security Adviser Waltz With Overseeing A Potential Sale Of TikTok

Keefe, Bruyette &amp; Woods analyst Meyer Shields downgrades Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) from Outperform to Market Perform and lowers the price target from $116 to $93.

SIGI

Keefe, Bruyette & Woods Downgrades Selective Insurance Gr to Market Perform, Lowers Price Target to $93

Keefe, Bruyette &amp; Woods analyst Bill Papanastasiou initiates coverage on MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) with a Outperform rating and announces Price Target of $560.

Initiation

MSTR

Keefe, Bruyette & Woods Initiates Coverage On MicroStrategy with Outperform Rating, Announces Price Target of $560

Shares of Pinterest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) rose sharply in pre-market trading after the company reported better-than-expected fourth-quarter revenue results and issued first-quarter revenue guidance with its midpoint <a href="https://in.benzinga.com/general/social-media/25/02/43546168/pinterest-q4-earnings-revenue-crosses-1b-maus-up-11-cap-off-banner-year-for-the-company-shares-soar">above estimates</a>.
Pinterest reported fourth-quarter revenue of $1.15 billion, beating estimates of $1.14 billion, according to Benzinga Pro. The company reported fourth-quarter earnings of 56 cents per share, missing analyst estimates of 65 cents per share.
Pinterest shares jumped 20.5% to $40.46 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>FitLife Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTLF#NASDAQ">FTLF</a>) gained 138.2% to $36.73 in pre-market trading. FitLife Brands announced a 2-for-1 forward stock split.</li>
<li>MGO Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) rose 64.5% to $0.3044 in pre-market trading. MGO Global and Heidmar announced SEC approval for business combination registration effective Feb. 4.</li>
<li>Universe Pharmaceuticals INC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPC#NASDAQ">UPC</a>) gained 55.6% to $0.2505 in pre-market trading after dipping 22% on Thursday.</li>
<li>NewGenIvf Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) gained 38.4% to $0.2147 in pre-market trading after gaining around 27% on Thursday. NewGenlvf recently announced a 1-for-20 reverse stock split.</li>
<li>Doximity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) shares jumped 24.3% to $72.40 in pre-market trading after the company reported better-than-expected third-quarter financial results and issued FY25 guidance above estimates.</li>
<li>Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) gained 17.3% to $72.47 following better-than-expected quarterly financial results and strong FY25 guidance.</li>
<li>Helius Medical Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSDT#NASDAQ">HSDT</a>) shares climbed 16.5% to $0.6990 in pre-market trading after dipping 8% on Thursday.</li>
<li>Farmer Bros. Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARM#NASDAQ">FARM</a>) gained 15% to $2.07 in pre-market trading following better-than-expected quarterly EPS results.</li>
<li>Monolithic Power Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>) gained 10.4% to $729.94 in pre-market after the company reported better-than-expected fourth-quarter financial results and issued first-quarter revenue guidance above estimates. Additionally, the company raised its quarterly dividend from $1.25 per share to $1.56 and announced a $500 million buyback program.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Treace Medical Concepts, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMCI#NASDAQ">TMCI</a>) shares fell 51.1% to $5.03 in pre-market trading. Treace Medical Concepts will release financial results for the fourth quarter and full year of 2024 after the close of trading on Thursday, Feb. 27.</li>
<li>First Capital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCAP#NASDAQ">FCAP</a>) dipped 39.7% to $20.00 in pre-market trading.</li>
<li>Nikola Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>) fell 29.7% to $0.5283 in today's pre-market trading. Nikola is preparing for a potential bankruptcy filing, marking one of the most dramatic downfalls in the electric vehicle industry's history.</li>
<li>BILL Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BILL#NYSE">BILL</a>) shares fell 28.4% to $68.89 in pre-market trading after the company issued third-quarter total revenue guidance below estimates.</li>
<li>e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) shares tumbled 25.2% to $66.17 in pre-market trading after the company issued FY25 guidance below estimates.</li>
<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) fell 22% to $0.0660 in pre-market trading.</li>
<li>LiveRamp Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RAMP#NYSE">RAMP</a>) declined 15.4% to $30.01 in pre-market trading as the company posted third-quarter results.</li>
<li>Skechers U.S.A., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) fell 12.1% to $66.49 in pre-market trading after the company reported worse-than-expected fourth-quarter financial results and issued first-quarter guidance below estimates.</li>
<li>Concentra Group Holdings Parent, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CON#NYSE">CON</a>) shares dipped 11.7% to $20.51 in pre-market trading. Concentra&#xAE; Group Holdings Parent will release the financial results for its fourth quarter on Monday, March 3, after the closing bell.</li>
<li>CVRx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVRX#NASDAQ">CVRX</a>) fell 8.1% to $13.52 in pre-market trading. CVRx recently reported mixed fourth-quarter financial results.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43526669/jim-cramer-says-dont-buy-this-financial-stock-at-this-level-let-it-come-in"> </a>
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43526669/jim-cramer-says-dont-buy-this-financial-stock-at-this-level-let-it-come-in">Jim Cramer Says Don&#8217;t Buy This Financial Stock At This Level: &#8216;Let It Come In&#8217;</a></li>
</ul>

AFRM

BILL

CVRX

DOCS

FARM

FCAP

FTLF

HSDT

MGOL

MPWR

NIVF

NKLA

PINS

RAMP

TMCI

Why Pinterest Shares Are Trading Higher By Over 20%; Here Are 20 Stocks Moving Premarket

Deutsche Bank analyst Nicole Deblase upgrades Honeywell Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) from Hold to Buy and raises the price target from $236 to $260.

Deutsche Bank Upgrades Honeywell Intl to Buy, Raises Price Target to $260

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has made a tabletop robot prototype with lifelike, anime-style movements, hinting at a future home assistant that could blend personality with functionality.
What Happened: Last month, a team of Apple robotics researchers unveiled a prototype of a lamp-like tabletop robot capable of making lifelike movements and expressively interacting with users.
The research was published on Apple's Machine Learning Research website and first <a href="https://www.macrumors.com/2025/02/06/apple-prototypes-tabletop-robot/">reported</a> by Macrumors. It explores how motion and expression-driven interactions can improve user engagement.
See Also:&nbsp;<a href="https://www.benzinga.com/news/legal/25/01/43325503/mark-zuckerbergs-meta-pays-trump-25-million-to-settle-lawsuit-over-facebook-instagram-ban-after-jan-6-riot-a-big-year-for-redefining-our-relationships-with-governments" target="_blank" rel="noreferrer noopener">Mark Zuckerberg&#8217;s Meta Pays Trump $25 Million To Settle Lawsuit Over Facebook, Instagram Ban After Jan. 6 Riot: ‘A Big Year For Redefining Our Relationships With Governments&#8217;</a>
In a demonstration video, the robot showcases several intuitive features. For example, when asked about the weather, it first looks outside before answering. When asked about going on a hike without it, the robot reacts with a sad expression.
It also adjusts its position to improve lighting for iPhone photography. As a helpful assistant, it nudges a mug toward the user to remind them to drink water. When it notices someone assembling a 3D printer, it projects a tutorial on a nearby wall. For entertainment, the robot plays music and dances, acting as a social companion.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
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<iframe loading="lazy" title="ELEGNT: Expressive and Functional Movement Design for Non-Anthropomorphic Robot" width="500" height="281" src="https://www.youtube.com/embed/IHJa_CyJjdc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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The research team—including Yuhan Hu, Peide Huang, Mouli Sivapurapu, and Jian Zhang—found that these expressive, personality-driven movements significantly enhance user interaction compared to conventional function-driven responses.
Why It Matters: This aligns with previous reports from Bloomberg's Mark Gurman, who said Apple was <a href="https://www.benzinga.com/news/24/08/40385441/apples-tabletop-ipad-robot-with-limbs-could-make-its-way-to-your-home-by-2027-heres-what-this-twist">developing a smart tabletop</a> device with an &#8220;iPad-like display&#8221; attached to a &#8220;robotic limb,&#8221; potentially launching in 2026 or 2027.
Apple&#8217;s foray into robotics is part of a broader strategy to diversify its product offerings and explore new revenue streams. The company&#8217;s development of a tabletop home device suggests a shift towards creating multifunctional home gadgets.
Apple is also reportedly planning to enter smart home technology with the development of a <a href="https://www.benzinga.com/tech/24/12/42638691/apple-developing-face-id-smart-doorbell-to-unlock-doors-by-late-2025">Face ID smart doorbell</a>, anticipated by late 2025.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/43221770/apples-ipad-turns-15-today-heres-a-throwback-to-when-steve-jobs-explained-called-it-the-third-category-after-phones-and-notebooks" target="_blank" rel="noreferrer noopener">Apple&#8217;s iPad Turns 15 Today: Here&#8217;s A Throwback To When Steve Jobs Explained Called It The ‘Third Category&#8217; After Phones And Notebooks</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Media

AAPL

Apple's Pixar-Style Smart Tabletop Robot Prototype Has Anime-Like Moves — Here's When You Can Possibly Get One

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has reportedly been asked by the UK to create a backdoor for accessing encrypted data of its users worldwide.
What Happened: According to a report <a href="https://www.washingtonpost.com/technology/2025/02/07/apple-encryption-backdoor-uk/">by</a> The Washington Post, security officials in the UK have demanded that Apple develop a backdoor to access all content uploaded by any Apple user worldwide to the cloud.
This undisclosed order, issued last month, seeks a comprehensive capability to view fully encrypted data, rather than just assistance with specific accounts.
The request from the British government is unprecedented among major democracies and could represent a major setback for technology companies. These companies have long resisted becoming tools for government surveillance against their users.
Individuals familiar with the situation, who spoke anonymously due to the sensitive nature of the legal and political issues involved, revealed this information.
Apple did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment.
Why It Matters: This demand from the UK echoes a long-standing conflict between Apple and government authorities over data encryption. The situation is reminiscent of the <a href="https://www.benzinga.com/news/24/10/41286584/apple-goes-from-waging-encryption-war-with-fbi-to-holding-hush-hush-global-police-summits-an-evolvin">2016 standoff between Apple and the FBI</a> when the agency requested Apple to unlock an iPhone linked to the San Bernardino attacks.
Apple refused, citing privacy concerns, and received support from figures like Mark Cuban, who <a href="https://www.benzinga.com/analyst-ratings/analyst-color/16/02/6390642/mark-cuban-on-apples-fbi-denial-amen-a-standing-ovation">praised</a> Apple&#8217;s stance as a defense against a &#8220;slippery slope&#8221; of privacy violations.
In recent years, however, Apple has been working more closely with law enforcement. The company has held &#8220;Global Police Summit&#8221; events to discuss how its products can aid surveillance, suggesting a shift in its relationship with authorities.
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<a href="https://www.benzinga.com/markets/25/02/43491547/openais-sam-altman-looks-to-raise-funds-from-abu-dhabis-mgx-amid-increased-competition-report">OpenAI&#8217;s Sam Altman Looks To Raise Funds From Abu Dhabi&#8217;s MGX Amid Increased Competition: Report</a>
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12:22 EST Foxx Development Holdings Inc trading resumes Published first on TheFly – the ultimate source for real-time, market-moving breaking finan...

Foxx Development Holdings Inc trading resumes

12:02 EST Foxx Development Holdings Inc trading halted, volatility trading pause Published first on TheFly – the ultimate source for real-time, mar...

Foxx Development Holdings Inc trading halted, volatility trading pause

09:30 EST Foxx Development Holdings Inc trading halted, volatility trading pause Published first on TheFly – the ultimate source for real-time, mar...

09:35 EST Foxx Development Holdings Inc trading resumes Published first on TheFly – the ultimate source for real-time, market-moving breaking finan...

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