Marwynn Holdings 株価情報 (NASDAQ: MWYN)

最新ニュース Marwynn Holdings (NASDAQ:MWYN) 株価情報

Marwynn Holdings Inc operates in two business segments to provide food and beverage supply chain and brand management services, and indoor home improvement products to dealers and retail customers. It is a food and beverage supply chain company that specializes in connecting businesses between different regions, particularly between Asia and the U.S. In addition, The company provides supply chain consulting, and market expansion support for businesses. It is also an indoor home improvement supply chain provider that focuses on providing high-quality kitchen cabinets, flooring, and home improvement products sourced from international suppliers. The company generates the majority of its revenue from the Sale of indoor home improvement products.

Marwynn Holdings Inc

News

TMDE

TMDEL Signs MOA With Bioenergy Firm Double Corporate To Pursue Sustainable Fuel Collaboration Across EU And Asia Markets

GMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) reported quarterly earnings of $1.29 per share which beat the analyst consensus estimate of $1.11 by 15.8 percent. This is a 33.16 percent decrease over earnings of $1.93 per share from the same period last year. The company reported quarterly sales of $1.33 billion which beat the analyst consensus estimate of $1.30 billion by 2.76 percent. This is a 5.66 percent decrease over sales of $1.41 billion the same period last year.

Earnings

Earnings Beats

GMS Q4 Adj. EPS $1.29 Beats $1.11 Estimate, Sales $1.33B Beat $1.30B Estimate

Wayfair's Perigold Opens First-Ever Luxury Flagship Store In Houston, Marking Offline Expansion From Digital Roots

BTDR

Bitdeer Prices Upsized $330M Convertible Notes Offering Due 2031, With Option For Additional $45M

The Trump Organization is <a href="https://www.benzinga.com/news/politics/25/06/45954307/donald-trump-wants-you-to-use-his-new-47-mobile-plan-with-a-499-gold-phone-made-in-america">entering the wireless industry</a> with plans to launch a smartphone called the "T-1 Phone," priced at $499 and promoted as being manufactured in the U.S.—a promise experts say may not hold up under scrutiny.
What Happened: Announced on Monday, the T-1 Phone will debut alongside a new wireless service called Trump Mobile, with availability starting in August.
A spokesperson for the company said that the devices will be made in Alabama, California and Florida, <a href="https://www.marketplace.org/story/2025/06/17/trump-mobile-says-itll-make-phones-in-the-us-is-that-realistic">reported</a> Marketplace.
Industry <a href="https://www.benzinga.com/markets/equities/25/06/45971247/trumps-plan-to-take-on-apple-samsung-with-a-smartphone-is-a-fairytale-dan-ives-warns-it-could-be-a-money-loser-for-his-company">analysts remain skeptical</a>. Roger Entner, founder of Recon Analytics, said no major smartphone manufacturer has built devices in the U.S. for at least a decade.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45988833/iran-says-whatsapp-a-tool-for-israeli-surveillance-meta-hits-back-calling-it-false-reports">Iran Says WhatsApp A Tool For Israeli Surveillance — Meta Hits Back, Calling It &#8216;False Reports&#8217;</a>
&#8220;We have made smartphones when we were still in the 2G and maybe in the 3G era,&#8221; he told the publication, adding, &#8220;You don&#8217;t have the machines. You don&#8217;t have the employees that can do it. You don&#8217;t have the supply chain.&#8221;
&#8220;I think Trump&#8217;s trying to seize the momentum of &#8216;Build in the U.S.,'&#8221; Dan Ives, tech analyst at Wedbush Securities, told the outlet.
He continued saying, &#8220;This is something that could be done at a very, very small scale, and that&#8217;s probably what they&#8217;re aiming for. But anything above 20,000, 30,000, 40,000 would be very, very difficult for them to actually make in the U.S.&#8221;
Why It's Important: The Trump Organization is attempting to tap into populist sentiments around domestic manufacturing, branding the T-1 Phone as a pro-America alternative in a global tech market dominated by Asian production.
While the pitch aligns with "Made in America" rhetoric, experts caution that scaling U.S. smartphone production would require massive infrastructure investment and time.&nbsp;
"For it to even get off the ground would take a long time and a significant amount of dollars to put in before they show any sort of profit," Ives said.
Previously,&nbsp; Ives told ABC News that making phones in the U.S. isn't financially viable, calling the idea a &#8220;fairytale&#8221; and noting that while a small number could be made, it <a href="https://www.benzinga.com/markets/equities/25/06/45971247/trumps-plan-to-take-on-apple-samsung-with-a-smartphone-is-a-fairytale-dan-ives-warns-it-could-be-a-money-loser-for-his-company">would likely lead to losses</a>.
Trump Mobile runs on the infrastructure of Liberty Mobile Wireless, a Florida-based company founded in 2018 by entrepreneur Matthew Lopatin.
As a mobile virtual network operator (MVNO), it leases network access from major providers like T-Mobile U.S. Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) and rebrands the service under its own name, reported Reuters.
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45988600/mark-zuckerbergs-meta-dangled-100-million-signing-bonuses-to-openai-team-members-says-sam-altman-happy-none-of-our-best-people-took-them">Mark Zuckerberg's Meta Dangled ‘$100 Million Signing Bonuses' To OpenAI Team Members, Says Sam Altman: Happy ‘None' Of Our Best People Took Them</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.
Photo courtesy: Rawpixel.com / Shutterstock.com

Tech

TMUS

Trump Mobile Plans To Launch $499 'T-1 Phone' Made In The USA: But Expert Says 'You Don't Have The Employees That Can Do It'

The Trump Organization is <a href="https://www.benzinga.com/news/politics/25/06/45954307/donald-trump-wants-you-to-use-his-new-47-mobile-plan-with-a-499-gold-phone-made-in-america">entering the wireless industry</a> with plans to launch a smartphone called the "T-1 Phone," priced at $499 and promoted as being manufactured in the U.S.—a promise experts say may not hold up under scrutiny.
What Happened: Announced on Monday, the T-1 Phone will debut alongside a new wireless service called Trump Mobile, with availability starting in August.
A spokesperson for the company said that the devices will be made in Alabama, California and Florida, <a href="https://www.marketplace.org/story/2025/06/17/trump-mobile-says-itll-make-phones-in-the-us-is-that-realistic">reported</a> Marketplace.
Industry <a href="https://www.benzinga.com/markets/equities/25/06/45971247/trumps-plan-to-take-on-apple-samsung-with-a-smartphone-is-a-fairytale-dan-ives-warns-it-could-be-a-money-loser-for-his-company">analysts remain skeptical</a>. Roger Entner, founder of Recon Analytics, said no major smartphone manufacturer has built devices in the U.S. for at least a decade.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45988833/iran-says-whatsapp-a-tool-for-israeli-surveillance-meta-hits-back-calling-it-false-reports">Iran Says WhatsApp A Tool For Israeli Surveillance — Meta Hits Back, Calling It &#8216;False Reports&#8217;</a>
&#8220;We have made smartphones when we were still in the 2G and maybe in the 3G era,&#8221; he told the publication, adding, &#8220;You don&#8217;t have the machines. You don&#8217;t have the employees that can do it. You don&#8217;t have the supply chain.&#8221;
&#8220;I think Trump&#8217;s trying to seize the momentum of &#8216;Build in the U.S.,'&#8221; Dan Ives, tech analyst at Wedbush Securities, told the outlet.
He continued saying, &#8220;This is something that could be done at a very, very small scale, and that&#8217;s probably what they&#8217;re aiming for. But anything above 20,000, 30,000, 40,000 would be very, very difficult for them to actually make in the U.S.&#8221;
Why It's Important: The Trump Organization is attempting to tap into populist sentiments around domestic manufacturing, branding the T-1 Phone as a pro-America alternative in a global tech market dominated by Asian production.
While the pitch aligns with "Made in America" rhetoric, experts caution that scaling U.S. smartphone production would require massive infrastructure investment and time.&nbsp;
"For it to even get off the ground would take a long time and a significant amount of dollars to put in before they show any sort of profit," Ives said.
Previously,&nbsp; Ives told ABC News that making phones in the U.S. isn't financially viable, calling the idea a &#8220;fairytale&#8221; and noting that while a small number could be made, it <a href="https://www.benzinga.com/markets/equities/25/06/45971247/trumps-plan-to-take-on-apple-samsung-with-a-smartphone-is-a-fairytale-dan-ives-warns-it-could-be-a-money-loser-for-his-company">would likely lead to losses</a>.
Trump Mobile runs on the infrastructure of Liberty Mobile Wireless, a Florida-based company founded in 2018 by entrepreneur Matthew Lopatin.
As a mobile virtual network operator (MVNO), it leases network access from major providers like T-Mobile U.S. Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) and rebrands the service under its own name, reported Reuters.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45988600/mark-zuckerbergs-meta-dangled-100-million-signing-bonuses-to-openai-team-members-says-sam-altman-happy-none-of-our-best-people-took-them">Mark Zuckerberg's Meta Dangled ‘$100 Million Signing Bonuses' To OpenAI Team Members, Says Sam Altman: Happy ‘None' Of Our Best People Took Them</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: Maxim Elramsisy / Shutterstock.com

Defense technology firm Anduril Industries has formed a strategic partnership with German defense giant Rheinmetall to co-develop autonomous air systems and propulsion capabilities for the European market.
What Happened: Anduril Industries and Rheinmetall announced a collaboration to jointly develop three core defense systems for European deployment. 
The partnership focuses on integrating Anduril&#8217;s Barracuda low-cost autonomous air vehicle and Fury high-performance multi-mission aircraft into Rheinmetall&#8217;s digital sovereignty framework called &#8220;Battlesuite.&#8221; The companies will also explore solid rocket motor production for European defense applications using Anduril&#8217;s manufacturing approaches.
&#8220;This is a different model of defense collaboration, one built on shared production, operational relevance, and mutual respect for sovereignty,&#8221; said Brian Schimpf, CEO of Anduril Industries. Rheinmetall CEO Armin Papperger emphasized the focus on &#8220;autonomous capabilities that are quick to produce, modular, and aligned with NATO&#8217;s evolving requirements.&#8221;
See Also: <a href="https://www.benzinga.com/crypto/25/06/45990647/trump-financial-disclosures-reveal-barron-trumps-potential-40-million-windfall-from-crypto-project">Trump Financial Disclosures Reveal Barron Trump&#8217;s Potential $40 Million Windfall From Crypto Project</a>
Why It Matters: Last week, Anduril CEO Palmer Luckey confirmed the defense tech firm&#8217;s IPO plans, saying the company must go public to compete for trillion-dollar <a href="https://www.benzinga.com/markets/ipos/25/06/45877601/anduril-ceo-palmer-luckey-confirms-ipo-plans-to-compete-for-trillion-dollar-defense-contracts-we-are-definitely-going-to-be-a-publicly-traded">contracts like the F-35 program</a>.
The collaboration builds on Anduril&#8217;s <a href="https://www.benzinga.com/24/12/42464770/whats-going-on-with-archer-aviation-stock-today">recent defense partnerships</a>, including its alliance with Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) for U.S. Department of Defense hybrid aircraft development, with Archer raising $430 million to support the defense program.
The defense sector consolidation reflects a broader shift where tech-focused companies like Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) and Anduril <a href="https://www.benzinga.com/markets/equities/24/12/42640010/palantir-and-anduril-reportedly-lead-consortium-partner-with-spacex-and-openai-to-compete-against-traditional-defense-contractors-in-850-billion-us-military-market">lead a consortium competing against traditional contractors</a> like Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) for the $850 billion U.S. defense market through AI-powered solutions and rapid innovation approaches.
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45990634/amazon-ceo-andy-jassys-ai-led-job-cuts-warning-sparks-backlash-as-employee-reportedly-says-its-clearly-part-of-the-plan">Amazon CEO Andy Jassy&#8217;s AI-Led Job Cuts Warning Sparks Backlash As Employee Reportedly Says &#8216;It&#8217;s Clearly Part Of The Plan&#8217;</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: Tada Images on Shutterstock.com

Markets

ACHR

PLTR

Anduril Partners With Germany's Rheinmetall To Build Smart, Autonomous Air Systems And Rocket Motors For Europe's Defense Amid CEO Palmer Luckey's IPO Push

SKYW

SkyWest Orders 60 Embraer E175s, Inks Delta Deal For 16 Jets To Replace CRJ Fleet, Eyes 50 More With Purchase Rights

Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) on Tuesday announced the <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/g45978052/broadcom-delivers-the-modern-private-cloud-with-vmware-cloud-foundation-9-0" rel="noreferrer noopener">general availability of</a> VMware Cloud Foundation (VCF) 9.0, a private cloud platform that helps modernize infrastructure and accelerate cloud adoption.
The platform simplifies hybrid cloud management, enhances security, and provides a consistent operating model across data centers and public clouds for faster application development and improved cost control.&nbsp;
VMware Cloud Foundation 9.0 boasts a completely new architecture that empowers IT admins and application teams to accomplish far more and spend far less, the company said in a press release.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45899600/synopsys-broadcom-team-up-to-accelerate-high-performance-ai-and-computing" rel="noreferrer noopener">Synopsys, Broadcom Team Up To Accelerate High-Performance AI And Computing</a>
The platform delivers a streamlined experience for building, operating, and securing a modern private cloud across on-premises data centers, in hyperscaler and VMware Cloud Service provider clouds, and at the edge.
Last December, JP Morgan analyst Harlan Sur <a target="_blank" href="https://www.benzinga.com/24/12/42396941/broadcom-likely-for-upside-backed-by-ai-pipeline-market-recovery-vmware-synergy-as-key-ai-semiconductor-and-custom-chip-supplier" rel="noreferrer noopener">projected upside for</a> Broadcom, citing a strong demand profile for AI products, continued cyclical recovery in its diversified semiconductor (ex-AI) end markets, and unlocked VMWare revenue synergy.
In the software infrastructure business, Sur noted continued strong momentum in VMware, based on strong software renewals with its large corporate customers.
In the longer term, Sur noted over a $30 billion pipeline of AI revenue opportunities per AI customer over the next 4-5 years or over $150 billion in cumulative AI revenue opportunity.
Broadcom reported <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/06/45803595/broadcom-q2-earnings-revenue-eps-beat-estimates-driven-by-robust-demand-for-ai-networking-company-sees-acceleration-in-ai-revenue-ahead" rel="noreferrer noopener">second-quarter revenue</a> of $15 billion, up 20%, beating&nbsp;analyst estimates of $14.99 billion. This was driven by continued momentum in AI semiconductor solutions and VMware. The semiconductor company also reported second-quarter adjusted earnings of $1.58 per share, beating analyst estimates of $1.56.
The second-quarter&nbsp;AI revenue grew&nbsp;46%&nbsp;to over&nbsp;$4.4 billion,&nbsp;driven by robust demand for AI networking. It expects growth in AI semiconductor revenue to accelerate to&nbsp;$5.1 billion&nbsp;in&nbsp;the third quarter, delivering ten consecutive quarters of growth, as its hyperscale partners remain invested in boosting their AI infrastructure.
Price Action:&nbsp;AVGO stock is trading higher by 0.23% to $249.94 premarket at last check Wednesday.
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<li><a href="https://www.benzinga.com/25/04/44963215/nvidia-and-broadcom-chosen-as-top-semiconductor-picks-for-ai-leadership-and-custom-silicon-dominance-analyst" target="_blank" rel="noreferrer noopener">Nvidia, Broadcom Chosen As Top Semiconductor Picks For AI Leadership By Analyst</a></li>
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Photo by Ken Wolter via Shutterstock

AVGO

Broadcom Updates VMware Cloud Platform For Streamlined Operations

STGW

Consulum And Stagwell Launch Maydan Sports To Boost MENA Region's Global Sports Impact Through Tech, Marketing, And Strategic Collaboration

Barron Trump, the youngest son of President Donald Trump, may have reportedly earned almost $40 million from his family's cryptocurrency venture.
What Happened: In September 2024, <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45646680/trump-familys-expanding-crypto-ties-raise-questions-on-ethics-influence-and-investor-risk">Trump announced the establishment of World Liberty Financial</a>, a crypto-focused company. Forbes <a href="https://www.forbes.com/sites/kylemullins/2025/06/17/how-barron-trump-could-have-earned-40-million-from-his-dads-crypto-venture/?utm_campaign=socialflowForbesMainTwitter&amp;utm_medium=social&amp;utm_source=ForbesMainTwitter">reports</a> that in a promotional interview at the time, Trump said, "Barron knows so much about this&#8230; He talks about his wallet. He's got four wallets or something, and I'm saying, ‘What is a wallet?'" The venture's "gold paper" mentioned Barron as a Web3 ambassador and cofounder, along with Donald Trump Jr. and Eric Trump.
As per recent financial disclosures, Donald Trump owns 52.5% of the company, while unnamed family members hold another 22.5%.
If divided evenly among Barron and his two brothers, that would give each a 7.5% stake. With at least $550 million in token sales, out of which $520 million reportedly went to the owners, each brother may have received around $39 million before taxes, leaving Barron with an approximate $25 million after-tax fortune.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45988862/trump-extends-tiktok-divestment-deadline-again-says-xi-will-ultimately-approve-the-deal-amid-stalled-us-spinoff-talks">Trump Extends TikTok Divestment Deadline Again, Says &#8216;Xi Will Ultimately Approve&#8217; The Deal Amid Stalled US Spinoff Talks</a>
Why It Matters: This figure surpasses what Trump's older children earned at a similar age by a significant margin. Their previous investments, including stakes in Trump's D.C. hotel and Las Vegas tower, did not yield comparable returns.
Barron, who was nine years old when his father launched his first presidential campaign, has mostly remained out of the spotlight. In 2018, his mother, Melania Trump, allegedly renegotiated her prenuptial agreement to ensure Barron's inheritance and participation in the family's business ventures.
Earlier this year, <a href="https://www.benzinga.com/real-estate/25/01/43182213/a-mogul-in-the-making-barron-trumps-luxury-property-venture-grows-wings-after-dad-donalds-inauguration">Barron filed incorporation documents</a> to set up his own real estate business, Trump, Fulcher &amp; Roxburgh Capital Inc.
Reports of Barron's earnings come just as Donald Trump Jr. said <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45966444/donald-trump-jr-says-his-father-doesnt-touch-the-family-backed-crypto-company-despite-disclosure-of-57-million-income">his father "doesn't touch" the family's crypto earnings</a> when questioned about the recent disclosures.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45971247/trumps-plan-to-take-on-apple-samsung-with-a-smartphone-is-a-fairytale-dan-ives-warns-it-could-be-a-money-loser-for-his-company">Trump&#8217;s Plan To Take On Apple, Samsung With A Smartphone Is A &#8216;Fairytale&#8217;: Dan Ives Warns — It Could Be A Money-Loser For His Company</a></li>
</ul>
Photo courtesy: Evan El-Amin / Shutterstock.com

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

Cryptocurrency

Trump Financial Disclosures Reveal Barron Trump's Potential $40 Million Windfall From Crypto Project

Macro Economic Events

Econ #s

Economics

Eurozone Consumer Price Index (YoY) For May 1.9% Vs. 1.9% Est.; 2.2% Prior

Eurozone Consumer Price Index (MoM) For May 0.0% Vs. 0.0% Est.; 0.6% Prior

Eurozone Core Consumer Price Index (YoY) For May 2.3% Vs. 2.3% Est.; 2.7% Prior

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) CEO Andy Jassy announced Tuesday that artificial intelligence will reduce the company&#8217;s corporate workforce due to efficiency gains, prompting immediate criticism from employees across internal communication channels.
What Happened: Jassy told employees that AI will shrink Amazon&#8217;s white-collar workforce over the next few years. According to Business Insider, which <a href="https://www.businessinsider.com/amazon-employees-criticize-ceo-jassys-ai-driven-job-cutting-plan-2025-6">viewed</a> internal Slack messages across three channels, employees criticized the announcement.
&#8220;There is nothing more motivating on a Tuesday than reading that your job will be replaced by AI in a few years,&#8221; one employee wrote. Others questioned whether senior leadership would face similar reductions, noting Amazon&#8217;s S-team has expanded under Jassy.
Some employees supported the move. &#8220;At least he said the quiet part out loud,&#8221; another worker commented. &#8220;We all knew it but now it&#8217;s clearly part of the plan.&#8221;
 Jassy <a href="https://www.benzinga.com/markets/tech/25/06/45982631/amazon-ceo-says-generative-ai-will-reduce-total-corporate-workforce">highlighted in his Tuesday blog post</a> that Amazon has over 1,000 generative AI services and applications in progress. The company&#8217;s AI-driven Alexa+ serves tens of millions of customers worldwide, while over 50,000 advertisers used AI capabilities in the first quarter alone.
Amazon did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45990167/jamie-dimon-sounds-alarm-on-us-immigration-policies-obsolete-tech-in-defense-strategy-well-be-out-of-missiles-in-seven-days">Jamie Dimon Sounds Alarm On US Immigration Policies, Obsolete Tech In Defense Strategy: &#8216;We&#8217;ll Be Out Of Missiles In Seven Days&#8230;&#8217;</a>
Why It Matters: The announcement comes amid Amazon&#8217;s massive AI infrastructure investments. The company <a href="https://www.benzinga.com/markets/equities/25/06/45943758/amazon-commits-13-billion-to-expand-australias-ai-data-center-infrastructure">committed $13 billion to expand Australia&#8217;s data center</a> infrastructure through 2029, following recent commitments including $10 billion in North Carolina.
In April, Jassy called AI investments a <a href="https://www.benzinga.com/news/management/25/04/44746436/amazon-ceo-justifies-large-ai-investments-as-once-in-a-lifetime-reinvention-of-everything-we-know">&#8220;once-in-a-lifetime reinvention of everything we know,&#8221;</a> emphasizing the need for substantial capital to secure AI chips and build data centers during high-demand periods.
Amazon froze retail hiring budgets this year while expanding AI capabilities, according to the report. 
Read Next:
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<li><a href="https://www.benzinga.com/news/topics/25/06/45990130/kim-jong-un-meets-russian-security-chief-shoigu-in-pyongyang-confirms-support-for-ukraine-operations-under-strategic-pact">Kim Jong Un Meets Russian Security Chief Shoigu In Pyongyang, Confirms Support For Ukraine Operations Under Strategic Pact</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.
Photo courtesy: Markus Mainka / Shutterstock.com

Equities

AMZN

Amazon CEO Andy Jassy's AI-Led Job Cuts Warning Sparks Backlash As Employee Reportedly Says 'It's Clearly Part Of The Plan'

A federal judge has ruled that the Trump administration's decision to cancel more than $1 billion in research grants from the National Institutes of Health (NIH) was unlawful. The move, disproportionately impacting diversity-related studies, was <a href="https://www.benzinga.com/general/biotech/25/02/43618745/us-states-sue-national-institutes-of-health-over-4-billion-annual-cut-in-biomedical-research-grant-budget">challenged by states</a>, academic institutions and civil rights organizations.
What Happened: On Monday, U.S. District Judge William Young ruled that the NIH had acted unlawfully, cancelling grants linked to diversity, equity, and inclusion (DEI) initiatives, according to <a href="https://www.nbcnews.com/science/science-news/judge-deems-trumps-cuts-national-institutes-health-illegal-rcna213360">a</a> NBC report.
The judge said the cancellations were "void and illegal" and issued orders to immediately reinstate relevant grants for the plaintiffs involved in the case.
"You are bearing down on people of color because of their color," Young said during the proceedings. "The Constitution will not permit that." He went on to condemn the cuts as discriminatory toward racial minorities and the LGBTQ community.
See Also: <a href="https://www.benzinga.com/markets/market-summary/25/06/45988507/trump-demands-irans-uncoditional-surrender-stock-futures-remain-steady-defense-shares-trade-higher-in-after-hours-trading">Trump Demands Iran&#8217;s &#8216;Unconditional Surrender&#8217; — Stock Futures Remain Steady, Defense Shares Trade Higher In After-Hours Trading</a>
Why It Matters: The NIH is the world's largest funder of biomedical research. Since President <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/04/45069781/trumps-first-100-days-what-he-delivered-where-he-fell-short-how-markets-reacted">Donald Trump assumed office</a>, it has <a href="https://www.benzinga.com/25/03/44200499/national-institutes-of-health-terminates-some-research-grants-amid-political-and-policy-shift">terminated around 2,100 grants</a> amounting to $9.5 billion and suspended another $2.6 billion in contracts.
Many of the canceled grants funded research on DEI programs, transgender healthcare, vaccine hesitancy, and COVID-19. The judge's decision will impact hundreds of grants, according to the American Civil Liberties Union, which represented the plaintiffs, including 16 states led by Massachusetts and the American Public Health Association.
While the court addressed only a section of the legal challenges, Judge Young hinted that he may issue broader orders as the case continues. The impact of the funding cuts has already led to hiring freezes, layoffs and halted research at universities around the country.
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Ursula von der Leyen, the President of the European Commission, has criticized China for its export restrictions on vital raw materials used in the production of cars, batteries, and wind turbines. The move, she says, is disrupting global trade and undermining competition.
What Happened:&nbsp;Von der Leyen, during&nbsp;a session on the global&nbsp;economy at the G7 summit&nbsp;in Kananaskis, Canada, on Monday, condemned China for using subsidies to bolster its companies,&nbsp;<a href="https://www.politico.eu/article/donald-trump-china-ursula-von-der-leyen/">Politico</a>&nbsp;reported. She accused China of &#8220;weaponizing&#8221; its dominant position in the production and refining of critical raw materials and flouting global trade regulations to undercut rivals.
Since April, China has sharply reduced exports of permanent magnets and the critical minerals needed to manufacture them. This action—retaliation against tariffs introduced by U.S. President Donald Trump—has had far-reaching consequences, affecting not just the U.S. but also Europe.
"On this point, Donald is right — there is a serious problem," stated Von der Leyen as she urged Trump to collaborate with allies to address China&#8217;s trade imbalances rather than imposing tariffs on them. She also warned of a &#8220;new China shock,&#8221; accusing Beijing of saturating global markets with low-cost, state-backed goods and urged G7 nations to confront its growing dominance in the raw materials industry.
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Why It Matters: The EU&#8217;s stance on China&#8217;s trade practices is a significant shift from its previous position. In April, there were concerns that&nbsp;China might exploit the <a href="https://www.benzinga.com/news/global/25/04/44892820/xi-jinping-could-woo-europe-with-a-potential-china-deal-to-undercut-trumps-tariff-strategy-expert-warns">strained U.S.-EU </a>relations&nbsp;to its advantage. However, the EU&#8217;s strong stance against China&#8217;s trade practices suggests a potential alignment with the U.S. on this issue.
Trump&#8217;s trade war with China has also strained U.S.-EU relations. In May, Trump referred to the&nbsp;European Union as<a href="https://www.benzinga.com/25/05/45368461/trump-calls-eu-nastier-than-china-days-after-praising-ursula-von-der-leyen-as-fantastic-says-us-holds-all-the-cards-in-trade-standoff"> &#8220;nastier than China,&#8221;</a> asserting that the U.S. holds the upper hand in trade agreements with the EU. This statement came just days after he had praised von der Leyen as &#8220;fantastic.&#8221;
The EU has also taken a firm stance in its trade negotiations with the U.S. In April, von der Leyen&nbsp;threatened to impose levies on <a href="https://www.benzinga.com/markets/25/04/44784857/eu-threatens-additional-taxes-on-us-tech-giants-amid-ongoing-tariff-war-we-are-developing-retaliatory-measures-says-von-der-leyen">U.S. tech giants</a>&nbsp;such as Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Alphabet (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>) if the ongoing tariff negotiations with the Trump administration failed to be resolved. This firm stance by the EU, coupled with its current position on China&#8217;s trade practices, suggests a significant shift in global trade dynamics.
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Image via Shutterstock
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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