Category: 3. Business

  • Shopify, Snap, Upstart, ON24, and Upwork Shares Plummet, What You Need To Know

    Shopify, Snap, Upstart, ON24, and Upwork Shares Plummet, What You Need To Know

    A number of stocks fell in the afternoon session after the Trump administration announced intentions to impose a 35% tariff on many goods imported from Canada.

    This move is far more than a typical trade dispute; it targets the United States’ largest and most deeply integrated trading partner. Canada is not merely a neighbor but a critical component of North American supply chains, particularly in sectors like automotive, energy, and critical minerals. This move has sparked concerns about potential retaliatory actions and a wider impact on the North American economy, leading to a risk-off sentiment among investors. The S&P 500, Dow Jones Industrial Average, and Nasdaq all opened lower, pulling back from recent record highs and heading for their first weekly loss in three weeks.

    The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

    Among others, the following stocks were impacted:

    Shopify’s shares are very volatile and have had 28 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

    Shopify is up 4.3% since the beginning of the year, but at $112.11 per share, it is still trading 13.3% below its 52-week high of $129.31 from February 2025. Investors who bought $1,000 worth of Shopify’s shares 5 years ago would now be looking at an investment worth $1,157.

    Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.

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  • AI coding tools may not speed up every developer, study shows

    AI coding tools may not speed up every developer, study shows

    AI robot face and programming code on a black background. | Image Credits:Yuichiro Chino / Getty Images

    Software engineer workflows have been transformed in recent years by an influx of AI coding tools like Cursor and GitHub Copilot, which promise to enhance productivity by automatically writing lines of code, fixing bugs, and testing changes. The tools are powered by AI models from OpenAI, Google DeepMind, Anthropic, and xAI that have rapidly increased their performance on a range of software engineering tests in recent years.

    However, a new study published Thursday by the non-profit AI research group METR calls into question the extent to which today’s AI coding tools enhance productivity for experienced developers.

    METR conducted a randomized controlled trial for this study by recruiting 16 experienced open source developers and having them complete 246 real tasks on large code repositories they regularly contribute to. The researchers randomly assigned roughly half of those tasks as “AI-allowed,” giving developers permission to use state-of-the-art AI coding tools such as Cursor Pro, while the other half of tasks forbade the use of AI tools.

    Before completing their assigned tasks, the developers forecasted that using AI coding tools would reduce their completion time by 24%. That wasn’t the case.

    “Surprisingly, we find that allowing AI actually increases completion time by 19% — developers are slower when using AI tooling,” the researchers said.

    Notably, only 56% of the developers in the study had experience using Cursor, the main AI tool offered in the study. While nearly all the developers (94%) had experience using some web-based LLMs in their coding workflows, this study was the first time some used Cursor specifically. The researchers note that developers were trained on using Cursor in preparation for the study.

    Nevertheless, METR’s findings raise questions about the supposed universal productivity gains promised by AI coding tools in 2025. Based on the study, developers shouldn’t assume that AI coding tools — specifically what’s come to be known as “vibe coders” — will immediately speed up their workflows.

    METR researchers point to a few potential reasons why AI slowed down developers rather than speeding them up: Developers spend much more time prompting AI and waiting for it to respond when using vibe coders rather than actually coding. AI also tends to struggle in large, complex code bases, which this test used.

    The study’s authors are careful not to draw any strong conclusions from these findings, explicitly noting they don’t believe AI systems currently fail to speed up many or most software developers. Other large-scale studies have shown that AI coding tools do speed up software engineer workflows.

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  • Kraft Heinz is reportedly weighing a breakup. Some analysts have already said it ‘should slim down.’

    Kraft Heinz is reportedly weighing a breakup. Some analysts have already said it ‘should slim down.’

    By James Rogers, Tomi Kilgore and Bill Peters

    The report from the Wall Street Journal follows recent struggles with competition and a broader shift toward health-conscious diets

    After merging a decade ago, packaged-food giant Kraft Heinz Co. is weighing a breakup, the Wall Street Journal reported on Friday, following recent struggles with inflation-fatigued shoppers, competition and a broader shift toward health-conscious diets.

    Citing people familiar with the matter, the Journal reported that the company (KHC) – known for Kraft macaroni and cheese, Heinz ketchup, Capri Sun and Lunchables – is looking to spin off a large chunk of its grocery business. The spinoff would include many Kraft products, and the new entity could be valued at as much as $20 billion, according to the report.

    Another company would sell sauces and spreads, such as Heinz ketchup and Grey Poupon mustard, the Journal said. The Journal noted that Kraft Heinz had been focusing more on items like sauces, dressings and condiments, which had seen faster growth.

    Plans for a breakup could be worked out “in the coming weeks,” the Journal said. But the paper added that no decision had been finalized and that the company was discussing other options.

    “As announced in May, Kraft Heinz has been evaluating potential strategic transactions to unlock shareholder value,” a spokesperson for the company told MarketWatch in a statement. “Beyond that, we do not comment on rumors or speculation.”

    The stock traded in negative territory for most of the day, then spiked higher to a gain of as much as 4.2% soon after the Journal’s report published. It subsequently pared gains and was up 1.2% in afternoon trading, at last check.

    Since the merger between Kraft and Heinz closed in July 2015 – a megadeal arranged by Warren Buffett and private-equity firm 3G Capital Partners – shares have tumbled 69.6%. Meanwhile, the Consumer Staples Select Sector SPDR exchange-traded fund XLP has climbed 67.5% and the S&P 500 has run up nearly 202%.

    Over this year, shares of Kraft Heinz have fallen 12.8%, compared with the S&P 500 index’s SPX gain of 6.5%.

    In May, when Kraft Heinz announced it was exploring a possible transaction, management said Buffett’s Berkshire Hathaway (BRK.A) would no longer hold seats on Kraft Heinz’s board.

    TD Cowen analyst Robert Moskow wrote in a research note that month that Kraft Heinz “should slim down its portfolio.” He also raised questions about what Berkshire would do with its 27% stake in the company, adding: “Our guess is that they will start selling this year, thus creating an overhang on the stock.”

    More broadly, analysts have said Kraft Heinz still has its work cut out for it to reclaim lost customers.

    Higher-end competition has hit mac and cheese, and competition from Hellmann’s has weighed on the company’s mayonnaise products. A recipe change to Capri Sun, intended to cut sugar, also posed challenges. Meanwhile, Consumer Reports last year raised concerns about health risks in Lunchables.

    Kraft Heinz lowered its full-year outlook this spring amid what it called a “volatile” economic backdrop, marked by worries over tariffs and higher costs of living. The results marked the eighth straight quarter that top-line numbers missed expectations.

    The company, during its earnings call in April, said it was doing “everything we possibly can” to avoid price increases. But analysts have said it may need to step up ingredient quality while offering discounts in order to bring back customers.

    Kraft Heinz would not be alone in pursuing the breakup route to elevate shareholder gains. Earlier this year, for example, Honeywell International Inc. (HON) split into three companies in an effort to boost shareholder returns. Last year, entertainment giant Comcast Corp. (CMCSA) said it was considering spinning off its cable networks.

    Parts of a conglomerate can be worth more separately than together, and investors may prefer to bet on pure plays on certain industries rather than having to contend with exposure to unwanted trends. Investors who hold onto their shares through the breakup would basically be paid the difference between the whole and the parts.

    The Journal’s report on Friday arrived after consolidation happened elsewhere among companies whose products have become grocery-aisle mainstays. WK Kellogg Co. (KLG), the maker of Corn Flakes and Froot Loops, on Thursday agreed to be bought for $3.1 billion by Ferrero Group, the maker of Ferrero Rocher and Nutella.

    -James Rogers -Tomi Kilgore -Bill Peters

    This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

    (END) Dow Jones Newswires

    07-11-25 1544ET

    Copyright (c) 2025 Dow Jones & Company, Inc.

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  • JPMorgan plans to charge fintechs for customer data, Bloomberg News reports

    JPMorgan plans to charge fintechs for customer data, Bloomberg News reports

    (Reuters) -JPMorgan Chase is planning to impose fees on fintech companies for access to its customer bank account data, Bloomberg News reported on Friday, citing people familiar with the matter.

    The largest U.S. lender has sent pricing sheets to data aggregators – intermediaries that link banks with fintech platforms – outlining new charges that may vary by use case, with payment-focused firms facing higher costs, according to the report.

    “We’ve invested significant resources creating a valuable and secure system that protects customer data,” a JPMorgan Chase spokesperson said.

    “We’ve had productive conversations and are working with the entire ecosystem to ensure we’re all making the necessary investments in the infrastructure that keeps our customers safe.”

    The move could disrupt the business model of payment apps, which rely on free access to customers’ financial data to process transactions.

    Shares of PayPal fell 6.3%, Block was down 5.6%, while Visa and Mastercard lost 2.82% and 2.9%, respectively.

    The new fees are expected to take effect later this year but are subject to negotiation, the Bloomberg News report said.

    U.S. banking giants are pushing for lighter regulations under President Donald Trump’s administration battling Biden-era regulations over tougher capital requirements.

    (Reporting by Prakhar Srivastava in Bengaluru; Editing by Pooja Desai)

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  • Gold price can hold $3,300 an ounce but faces growing competition in the commodity sector – KITCO

    Gold price can hold $3,300 an ounce but faces growing competition in the commodity sector – KITCO

    1. Gold price can hold $3,300 an ounce but faces growing competition in the commodity sector  KITCO
    2. Gold rises on Trump’s latest tariffs, firmer dollar caps gains  Business Recorder
    3. Gold price in India: Rates on July 11  FXStreet
    4. Gold falls on trade deal progress, tariff reprieve extension  Profit by Pakistan Today
    5. Gold News: Price Reclaims 50-Day Moving Average as Bulls Regain Control  FXEmpire

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  • Elon Musk’s xAI seeks up to $200bn valuation in next fundraising – Financial Times

    Elon Musk’s xAI seeks up to $200bn valuation in next fundraising – Financial Times

    1. Elon Musk’s xAI seeks up to $200bn valuation in next fundraising  Financial Times
    2. Pro Rata Premium: 👑 New kings in town  Axios
    3. Musk says xAI $200B valuation report ‘false,’ company ‘not seeking funding’ now  TipRanks
    4. xAI plans fresh capital raise targeting up to $200 billion value, FT reports  Investing.com
    5. Musk’s xAI seeks up to $200 billion valuation in next fundraising, FT reports  AOL.com

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  • Simulation-based pipeline tailors training data for dexterous robots | MIT News

    Simulation-based pipeline tailors training data for dexterous robots | MIT News

    When ChatGPT or Gemini give what seems to be an expert response to your burning questions, you may not realize how much information it relies on to give that reply. Like other popular generative artificial intelligence (AI) models, these chatbots rely on backbone systems called foundation models that train on billions, or even trillions, of data points.

    In a similar vein, engineers are hoping to build foundation models that train a range of robots on new skills like picking up, moving, and putting down objects in places like homes and factories. The problem is that it’s difficult to collect and transfer instructional data across robotic systems. You could teach your system by teleoperating the hardware step-by-step using technology like virtual reality (VR), but that can be time-consuming. Training on videos from the internet is less instructive, since the clips don’t provide a step-by-step, specialized task walk-through for particular robots.

    A simulation-driven approach called “PhysicsGen” from MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) and the Robotics and AI Institute customizes robot training data to help robots find the most efficient movements for a task. The system can multiply a few dozen VR demonstrations into nearly 3,000 simulations per machine. These high-quality instructions are then mapped to the precise configurations of mechanical companions like robotic arms and hands. 

    PhysicsGen creates data that generalize to specific robots and condition via a three-step process. First, a VR headset tracks how humans manipulate objects like blocks using their hands. These interactions are mapped in a 3D physics simulator at the same time, visualizing the key points of our hands as small spheres that mirror our gestures. For example, if you flipped a toy over, you’d see 3D shapes representing different parts of your hands rotating a virtual version of that object.

    The pipeline then remaps these points to a 3D model of the setup of a specific machine (like a robotic arm), moving them to the precise “joints” where a system twists and turns. Finally, PhysicsGen uses trajectory optimization — essentially simulating the most efficient motions to complete a task — so the robot knows the best ways to do things like repositioning a box.

    Each simulation is a detailed training data point that walks a robot through potential ways to handle objects. When implemented into a policy (or the action plan that the robot follows), the machine has a variety of ways to approach a task, and can try out different motions if one doesn’t work.

    “We’re creating robot-specific data without needing humans to re-record specialized demonstrations for each machine,” says Lujie Yang, an MIT PhD student in electrical engineering and computer science and CSAIL affiliate who is the lead author of a new paper introducing the project. “We’re scaling up the data in an autonomous and efficient way, making task instructions useful to a wider range of machines.”

    Generating so many instructional trajectories for robots could eventually help engineers build a massive dataset to guide machines like robotic arms and dexterous hands. For example, the pipeline might help two robotic arms collaborate on picking up warehouse items and placing them in the right boxes for deliveries. The system may also guide two robots to work together in a household on tasks like putting away cups.

    PhysicsGen’s potential also extends to converting data designed for older robots or different environments into useful instructions for new machines. “Despite being collected for a specific type of robot, we can revive these prior datasets to make them more generally useful,” adds Yang.

    Addition by multiplication

    PhysicsGen turned just 24 human demonstrations into thousands of simulated ones, helping both digital and real-world robots reorient objects.

    Yang and her colleagues first tested their pipeline in a virtual experiment where a floating robotic hand needed to rotate a block into a target position. The digital robot executed the task at a rate of 81 percent accuracy by training on PhysicGen’s massive dataset, a 60 percent improvement from a baseline that only learned from human demonstrations.

    The researchers also found that PhysicsGen could improve how virtual robotic arms collaborate to manipulate objects. Their system created extra training data that helped two pairs of robots successfully accomplish tasks as much as 30 percent more often than a purely human-taught baseline.

    In an experiment with a pair of real-world robotic arms, the researchers observed similar improvements as the machines teamed up to flip a large box into its designated position. When the robots deviated from the intended trajectory or mishandled the object, they were able to recover mid-task by referencing alternative trajectories from their library of instructional data.

    Senior author Russ Tedrake, who is the Toyota Professor of Electrical Engineering and Computer Science, Aeronautics and Astronautics, and Mechanical Engineering at MIT, adds that this imitation-guided data generation technique combines the strengths of human demonstration with the power of robot motion planning algorithms.

    “Even a single demonstration from a human can make the motion planning problem much easier,” says Tedrake, who is also a senior vice president of large behavior models at the Toyota Research Institute and CSAIL principal investigator. “In the future, perhaps the foundation models will be able to provide this information, and this type of data generation technique will provide a type of post-training recipe for that model.”

    The future of PhysicsGen

    Soon, PhysicsGen may be extended to a new frontier: diversifying the tasks a machine can execute.

    “We’d like to use PhysicsGen to teach a robot to pour water when it’s only been trained to put away dishes, for example,” says Yang. “Our pipeline doesn’t just generate dynamically feasible motions for familiar tasks; it also has the potential of creating a diverse library of physical interactions that we believe can serve as building blocks for accomplishing entirely new tasks a human hasn’t demonstrated.”

    Creating lots of widely applicable training data may eventually help build a foundation model for robots, though MIT researchers caution that this is a somewhat distant goal. The CSAIL-led team is investigating how PhysicsGen can harness vast, unstructured resources — like internet videos — as seeds for simulation. The goal: transform everyday visual content into rich, robot-ready data that could teach machines to perform tasks no one explicitly showed them.

    Yang and her colleagues also aim to make PhysicsGen even more useful for robots with diverse shapes and configurations in the future. To make that happen, they plan to leverage datasets with demonstrations of real robots, capturing how robotic joints move instead of human ones.

    The researchers also plan to incorporate reinforcement learning, where an AI system learns by trial and error, to make PhysicsGen expand its dataset beyond human-provided examples. They may augment their pipeline with advanced perception techniques to help a robot perceive and interpret their environment visually, allowing the machine to analyze and adapt to the complexities of the physical world.

    For now, PhysicsGen shows how AI can help us teach different robots to manipulate objects within the same category, particularly rigid ones. The pipeline may soon help robots find the best ways to handle soft items (like fruits) and deformable ones (like clay), but those interactions aren’t easy to simulate yet.

    Yang and Tedrake wrote the paper with two CSAIL colleagues: co-lead author and MIT PhD student Hyung Ju “Terry” Suh SM ’22 and MIT PhD student Bernhard Paus Græsdal. Robotics and AI Institute researchers Tong Zhao ’22, MEng ’23, Tarik Kelestemur, Jiuguang Wang, and Tao Pang PhD ’23 are also authors. Their work was supported by the Robotics and AI Institute and Amazon.

    The researchers recently presented their work at the Robotics: Science and Systems conference.

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  • Gold climbs over 1% on safe-haven bids as Trump imposes fresh tariffs – Reuters

    1. Gold climbs over 1% on safe-haven bids as Trump imposes fresh tariffs  Reuters
    2. Gold prices rise on Trump tariff threat; platinum, silver outperform  Investing.com
    3. Gold edges higher on softer dollar, trade war intensifies  Dunya News
    4. Gold price in Pakistan: Rates on July 11  FXStreet
    5. Gold News: Trump Tariffs Fuel Inflation Fears as Gold Price Awaits Fed Clarity  FXEmpire

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  • Dalpiciclib Plus Endocrine Therapy Prolonged Invasive Disease-Free Survival in HR+/HER2– Breast Cancer

    Dalpiciclib Plus Endocrine Therapy Prolonged Invasive Disease-Free Survival in HR+/HER2– Breast Cancer

    Dalpiciclib (SHR6390; Jiangsu Hengrui Medicine Co) in combination with endocrine therapy (ET) significantly improved progression-free survival (PFS) in first- and later-line settings for hormone receptor-positive (HR+)/HER2– advanced breast cancer. These data, from a first interim analysis of the phase 3 DAWNA-A trial (NCT03927456), were presented at the 2025 American Society of Clinical Oncology Annual Meeting in Chicago.1

    Breast cancer cells | Image Credit: © sknab – stock.adobe.com

    Dalpiciclib is an oral CDK4/6 inhibitor that targets overexpressed CDK4/6 proteins to interrupt cancer cell proliferation. It is approved in China by the National Medical Products Administration in combination with fulvestrant (Falsodex; AstraZeneca) for the treatment of relapsed/progressed HR+/HER2- advanced breast cancer. As of 2025, it’s not approved by the FDA.2,3

    DAWNA-A is a randomized, double-blind, phase 3 study evaluating dalpiciclib plus ET as adjuvant therapy in 5274 patients (ages 18 to 75) with stage 2 to 3 HR+/HER2– breast cancer and pathologically confirmed ipsilateral axillary lymph node involvement. They were randomized 1:1 to receive either daily dalpiciclib at a dosage of 125 mg (3 weeks on/1 week off for 2 years) plus ET (letrozole 2.5 mg; anastrozole 1 mg; tamoxifen 10 mg; toremifene 60 mg daily for 5 years; n = 2640) or placebo + ET (n = 2634). The trial’s primary end point was invasive disease-free survival (iDFS), with secondary end points including DFS, distant DFS (DDFS), overall survival (OS), and safety.4

    Pre- and perimenopausal patients received LHRH agonists, with use in perimenopausal patients determined at the investigator’s discretion. Stratification factors included menopausal status (pre/perimenopausal vs postmenopausal), clinical stage (2 vs 3), number of involved lymph nodes (<4 vs ≥4), and receipt of adjuvant chemotherapy (yes vs no).4

    At the median follow-up of 20.3 months, patients treated with dalpiciclib in combination with ET achieved superior iDFS compared with the placebo group (HR 0.56, 95% CI 0.43–0.71; 1-sided P < .0001), and these benefits were consistent across subgroups. Additionally, dalpiciclib plus ET was preferred over placebo plus ET by DFS and distant DFS.4

    “The phase III DAWNA-A met its primary end point at the first internal analysis, with significant iDFS benefits with dalpiciclib plus [ET] versus placebo plus [ET],” said Zhi-Ming Shao, PhD, Fudan University Shanghai Cancer Center, in their presentation.4

    The safety profile was favorable, with no deaths due to treatment-related adverse events (TRAEs). Treatment-related adverse events (TRAEs) occurred in 3.7% of patients in the dalpiciclib arm and 1.5% in the placebo arm, leading to treatment discontinuation in 2.1% and 0.8% of patients, respectively.4

    “Our data supports dalpiciclib plus [ET] as a neoadjuvant treatment option for [HR+/HER2–] early breast cancer, especially in Chinese populations,” concluded Shao.4

    REFERENCES
    1. A study of SHR6390 in combination with fulvestrant in patients with HR positive and HER2 negative advanced breast cancer. Updated June 3, 2021. Accessed July 11, 2025. https://clinicaltrials.gov/study/NCT03927456
    2. New CDK4/6 Inhibitor offers benefits for advanced-stage, hormone receptor-positive, HER2-negative breast cancer. Breastcancer.org. November 16, 2022. Accessed July 11, 2025. https://www.breastcancer.org/research-news/new-cdk46-inhibitor-offers-benefits-for-advanced-stage-hormone-receptor-positive-her2-negative-breast-cancer
    3. NMPA approves AiRuiKang® (dalpiciclib) in combination with fulvestrant for the treatment of relapsed/progressed HR+/HER2- advanced breast cancer. Hengrui. January 3, 2021. Accessed July 11, 2025. https://www.hengrui.com/en/media/detail-149.html
    4. Shao ZM, Hao J, Wang S, et al. Dalpiciclib (Dalp) plus endocrine therapy (ET) as adjuvant treatment for HR+/HER2– early breast cancer (BC): The randomized, phase 3, DAWNA-A trial. 2025 ASCO Annual Meeting. Chicago, IL. Abstract 515

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  • Trump's $100 million crypto mystery man – Reuters

    1. Trump’s $100 million crypto mystery man  Reuters
    2. Week 24: President Trump Notches Another Mysterious Benefactor  Revolving Door Project
    3. He Will Steal As Much As You Let Him  jacobsilverman.com
    4. Does Trump’s Biggest Crypto Backer Really Exist?  The Nation
    5. Mysterious UAE-Based Aqua 1 Invests $100 Million in Trump’s Crypto Business  AInvest

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