Market Signal Briefing

Key Takeaways Salesforce shares gained after Q3 earnings beat expectations and revenues rose 10% year over year.CRM saw broad strength across renamed Agentforce segments, led by 19.5% growth in the 360 Platform.Salesforce raised FY26 guidance, projecting up to $41.55B in revenues and higher non-GAAP EPS and cash flow.
Salesforce, Inc. (CRM - Free Report) shares gained 2.1% during Wednesday’s extended trading session after the company reported better-than-expected bottom-line results for the third quarter of fiscal 2026 and raised guidance for the full fiscal.

Salesforce reported third-quarter fiscal 2026 non-GAAP earnings of $3.25 per share, which beat the Zacks Consensus Estimate by 14.04%. The bottom line improved 34.9% year over year.

Salesforce’s fiscal third-quarter revenues of $10.3 billion match the Zacks Consensus Estimate and increased 10% year over year. The growth in top and bottom lines reflected the benefits of CRM’s go-to-market strategy and sustained focus on customer success. The initiatives to integrate generative artificial intelligence (AI) into its offerings also boosted demand for Salesforce’s solutions during the reported quarter.

Salesforce’s Q3 Performance in DetailComing to CRM’s business segments, revenues from Subscription and Support (95% of total revenues) increased 9.5% year over year to $9.73 billion. Professional Services and Other (5% of total sales) revenues declined 5.7% to $533 million.

In the third quarter of fiscal 2026, Salesforce renamed its service offerings under the Subscription and Support segment to reference Agentforce. There were no changes in the allocation of revenues between these service offerings coming from this change. The renamed offerings are now called Agentforce Sales, Agentforce Service, Agentforce 360 Platform, Slack and Other, Agentforce Marketing and Agentforce Commerce, and Agentforce Integration and Agentforce Analytics.

Agentforce Sales revenues grew 8.4% year over year to $2.3 billion. Revenues from Agentforce Service increased 9% to $2.5 billion. Agentforce 360 Platform, Slack and Other revenues rose 19.5% to $2.18 billion. Agentforce Marketing and Agentforce Commerce were up 2% to $1.36 billion. The Agentforce Integration and Agentforce Analytics division recorded 6.1% year-over-year growth to $1.39 billion.

Revenues from the Americas (65% of total revenues) increased 8% year over year to $6.7 billion. Sales in EMEA (24%) grew 7% to $2.5 billion, while the Asia Pacific (11%) region’s revenues rose 11% to $1.1 billion.

Non-GAAP operating income was $3.64 billion, up 16.5% from the year-ago quarter’s $3.12 billion. Moreover, the non-GAAP operating margin expanded 240 bps to 35.5%.

Salesforce’s Balance Sheet & Other DetailsSalesforce exited the fiscal third quarter with cash, cash equivalents and marketable securities of $11.32 billion, down from $15.37 billion at the end of the previous quarter. CRM generated an operating cash flow of $2.3 billion and a free cash flow of $2.2 billion.

As of Oct. 31, the current remaining performance obligation (cRPO) was $29.4 billion, up 11% year over year. The company returned $4.2 billion to shareholders, including $3.8 billion in share repurchases and $395 million in dividends.

Salesforce Updates Guidance for FY26Buoyed by stronger-than-expected third-quarter performance, Salesforce raised its revenue guidance for fiscal 2026. For fiscal 2026, Salesforce now expects revenues in the range of $41.45-$41.55 billion, up 9-10% year over year compared with the prior guidance of $41.1-$41.3 billion. The Zacks Consensus Estimate for revenues is currently pegged at $41.21 billion.

Subscription and Support revenues are now expected to increase slightly below 10%, instead of the 9.5% growth expected earlier. The company now anticipates fiscal 2026 non-GAAP earnings per share in the range of $11.75-$11.77, slightly higher than the previous forecast of $11.33-$11.37. The Zacks Consensus Estimate for non-GAAP earnings is currently pegged at $11.36.

Non-GAAP operating margin is projected to expand to 34.1%, while GAAP operating margin is expected to be 20.3%. Salesforce raised its forecast for operating cash flow growth to 13-14% year over year from the previous guidance of 12-13%. The company expects free cash flow growth to be in the range of 13-14% year over year, up from the previous guidance of 12-13%.

Salesforce initiated guidance for the fourth quarter of fiscal 2026. It projects total sales between $11.13 billion and $11.23 billion, which indicates 11-12% growth from the year-ago level. The Zacks Consensus Estimate for revenues is currently pegged at $10.89 billion.

The company expects non-GAAP earnings per share in the band of $3.02-$3.04, while GAAP EPS is anticipated to be between $1.47 and $1.49. The cRPO growth is projected to be approximately 15% year over year. The Zacks Consensus Estimate for non-GAAP earnings is currently pegged at $3.01.

Salesforce’s Zacks Rank and Stocks to ConsiderCurrently, CRM carries a Zacks Rank #3 (Hold).

PROS Holdings (PRO - Free Report) , Blackbaud (BLKB - Free Report) and Open Text (OTEX - Free Report) are some better-ranked stocks that investors can consider from the Zacks Computer – Software industry. PROS Holdings, Blackbaud and Open Text each carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for PROS Holdings’ 2025 earnings has been revised upward by a penny to 67 cents per share over the past 60 days and suggests a year-over-year increase of 63.4%. PROS Holdings shares have risen 5.8% year to date.

The Zacks Consensus Estimate for Blackbaud’s 2025 earnings has been revised upward by a penny to $4.41 per share in the past 60 days, calling for a year-over-year rise of 8.4%. Blackbaud shares have plunged 16.5% year to date.

The Zacks Consensus Estimate for Open Text’s fiscal 2026 earnings has moved northward by 6 cents to $4.21 per share over the past 30 days and implies a year-over-year increase of 10.2%. Open Text shares have jumped 17.9% year to date.

December 4, 2025 – TheNewswire - British Columbia – Cameo Resources Inc. (CSE: MEO , FSE: Z88) (“ Cameo ” or the “ Company ”) is pleased to announce that it has completed the field data collection from its initial Induced Polarization(“ IP ”) geophysical survey previously announced October 8, 2025. The Company engaged HETAMIS Mineral Services Limited (“ HETAMIS ”) to conduct the IP survey over its 100% owned, 19.58 square kilometer, Katoro Gold Property (“ Katoro ” or the “ Property ”), located in the Geita region of the Lake Victoria Goldfields of Tanzania .   Highlights of the IP Survey :

Ethereum’s largest buyers keep adding to their ETH stacks even as the dollar value of those purchases shrinks. On-chain flows and DAT demand still absorb more supply than the market creates, while a fresh RSI breakout suggests momentum may soon spill into price.

Bitmine’s ETH Buys Slow in Dollar Terms as Monthly Totals Drop SharplyBitmine keeps increasing its Ethereum holdings, yet the value of those purchases shows a clear downward trend. The latest chart shared by Maartunn illustrates steady hourly inflows into the treasury while the broader market downturn reduces their dollar impact. As prices eased from mid-November, each tranche of accumulated ETH translated into a smaller monthly total.

Bitmine Ethereum Treasury Inflows. Source: CryptoQuant / X

The decline becomes evident when comparing recent figures. July saw Bitmine add about 2.6 billion dollars’ worth of Ethereum. August then peaked near 4.3 billion dollars, marking the strongest month in the period. However, the momentum reversed in September with 3.4 billion dollars, followed by 2.3 billion dollars in October. By November, the monthly value fell to just 892 million dollars, even though Bitmine continued buying consistently.

These numbers show that Bitmine’s accumulation strategy has not changed, but market conditions have. As ETH prices moved lower, the same inflow volumes produced smaller valuations. Therefore, the firm’s rising on-chain balances now contrast with the sharp slide in monthly dollar totals, signaling how price pressure has reshaped the scale of its treasury expansion.

ETH DAT Buying Outpaces New Supply Even as Monthly Totals DeclineMoreover, ETH demand from DAT structures remains strong, yet the latest figures show a steady drop in monthly purchase volumes. The chart shared by Max Shannon highlights that DATs continue to provide a structural bid for Ethereum, though the scale of that support has weakened since the summer peak.

ETH Purchases vs Net New Supply. Source: Bitwise / X

In July, DATs absorbed about 1.24 million ETH while net new supply held near 80,000 ETH. August marked the high point with roughly 1.97 million ETH purchased, again far above the modest monthly issuance. After that surge, buying slowed. September recorded around 1.06 million ETH, followed by 670,000 ETH in October. By November, purchases slipped to roughly 370,000 ETH even as net new supply stayed anchored at about 80,000 ETH each month.

This pattern shows that DAT demand still exceeds Ethereum’s new supply by a wide margin. However, the progressive decline in monthly inflows underscores how the pace of accumulation has cooled since late summer, leaving a narrower cushion between buyer demand and circulating issuance.

Analyst Flags Ethereum RSI Breakout as Price Compresses Near SupportMeanwhile, Ethereum chart from trader Merlijn shows momentum indicators turning higher even as price trades inside a tight triangle. On the two-day ETH/USD view, candles cluster just above horizontal support while a descending trendline caps recent highs, forming a compression zone.

Ethereum RSI Breakout Signal. Source: Merlijn The Trader

At the same time, the relative strength index has already broken its own downward resistance, hinting that buying pressure may be returning ahead of price. Merlijn wrote that “momentum leads, price follows” and pointed to 3,400 dollars as the next upside level if the breakout extends. He added that “the move is brewing,” urging market watchers to monitor Ethereum closely as it approaches the apex of the current pattern.

On December 4, 2025, Axelar, through its research division Interop Labs, unveiled AgentFlux, an innovative tool designed to bring AI-driven automation to blockchain environments without relying on external cloud services. This breakthrough offers financial institutions an opportunity to implement intelligent automation securely, safeguarding sensitive data.

AgentFlux addresses a critical need for financial services: the ability to harness the power of artificial intelligence while keeping data privacy intact. Traditionally, deploying AI systems involves utilizing external cloud infrastructure, which raises concerns about data security and compliance with privacy regulations. By offering an on-chain solution, AgentFlux eliminates the need for data to leave the secure blockchain environment, mitigating the risk of exposure to external threats.

Axelar’s initiative comes at a time when the financial sector is increasingly adopting AI technologies to enhance efficiency and decision-making. As institutions face pressure to innovate, they seek tools that not only streamline operations but also adhere to stringent security standards. AgentFlux provides a solution by integrating AI capabilities directly within blockchain frameworks, maintaining data integrity and confidentiality.

The financial industry has historically been cautious about adopting new technologies due to regulatory requirements and the potential for data breaches. The introduction of AgentFlux represents a significant step forward, allowing firms to automate complex processes such as transaction monitoring, risk assessment, and customer service. By embedding AI functionalities within the blockchain, financial institutions can achieve real-time data processing and analysis without compromising security.

One of the defining features of AgentFlux is its ability to operate independently from cloud-based systems. Traditional AI deployments often rely on cloud providers, which can become points of vulnerability. By keeping operations on-chain, AgentFlux ensures that data remains within the secure confines of the blockchain, reducing the risk of unauthorized access and data leaks.

Beyond security, AgentFlux offers financial firms a new level of transparency and accountability. Blockchain’s immutable ledger provides a clear audit trail for all automated processes, enhancing trust among stakeholders. This transparency is crucial in a sector where compliance and regulatory oversight are paramount. By enabling observable, traceable AI operations, AgentFlux supports institutions in meeting regulatory demands while leveraging advanced technology.

The integration of AI into blockchain systems is not without challenges. One potential risk is the computational intensity of AI operations, which can strain blockchain resources. However, Axelar’s solution is designed to optimize performance, balancing the demands of AI processing with the need for efficient blockchain operations. By implementing advanced algorithms and optimization techniques, AgentFlux aims to deliver robust performance without overburdening the system.

AgentFlux’s development reflects a broader trend in the convergence of AI and blockchain technologies. As industries seek to harness the power of both, the potential applications extend beyond finance. Healthcare, logistics, and supply chain management are also exploring on-chain AI to enhance operations and improve outcomes. The introduction of AgentFlux positions Axelar at the forefront of this technological fusion, offering a blueprint for other sectors to follow.

Historically, the financial industry has been a pioneer in adopting digital innovations, from online banking to algorithmic trading. The introduction of AgentFlux aligns with this trajectory, offering a new tool to navigate the complexities of modern financial operations. By providing a secure, on-chain AI solution, Axelar is tapping into the growing demand for smarter, more efficient ways to manage financial data.

The implications of AgentFlux extend to global financial markets, where cross-border transactions and international regulations add layers of complexity. By facilitating secure, automated processes within blockchain networks, the platform enables seamless, compliant transactions across jurisdictions. This capability is particularly relevant as global markets become more interconnected and regulatory frameworks evolve to address new technological advancements.

Despite its potential, the deployment of AgentFlux requires careful consideration of existing infrastructure and integration capabilities. Financial institutions must evaluate their current systems to determine compatibility with on-chain AI solutions. Moreover, while AgentFlux promises enhanced security, institutions must remain vigilant against emerging threats and continually assess the robustness of their overall cybersecurity strategies.

In summary, the launch of AgentFlux by Axelar marks a significant milestone in the integration of AI and blockchain technologies, providing financial firms with a secure, efficient means of automating processes. By keeping operations on-chain, the platform addresses key concerns about data privacy and compliance, paving the way for broader adoption of AI in the financial sector. As the industry continues to evolve, tools like AgentFlux will play a crucial role in shaping the future of finance.

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Vitalik Buterin detailed three upcoming protocol updates that will influence how Ethereum manages computation, security, and long-term scalability. The information was published in a new technical post on his official blog, highlighting renewed priorities for maintaining the network's long-term resilience.

Canada has emerged as a key player, especially in the realm of Bitcoin. As of December 2025, the country is experiencing a noticeable surge in Bitcoin usage, driven by growing public interest and increased business adoption. However, the rising number of transactions is testing the limits of its current transaction speed capabilities.

The Canadian crypto landscape is witnessing an uptick in Bitcoin transactions, with both individual and institutional participants showing heightened activity. This growth is partly fueled by the country’s progressive stance on digital currencies, with government policies encouraging innovation in the fintech sector. The friendly regulatory environment has made Canada a hub for blockchain startups and has facilitated the integration of cryptocurrencies into mainstream financial activities.

Despite the encouraging climate, the increase in Bitcoin transactions has brought to light significant challenges concerning network efficiency. The average confirmation time for a Bitcoin transaction can vary significantly, often taking longer during periods of high demand. This delay stems from the Bitcoin network’s design, which processes transactions in blocks, each taking about 10 minutes on average. When transaction volumes spike, this can lead to prolonged wait times, affecting both consumers and businesses.

Bitcoin’s underlying technology, the blockchain, processes transactions through a decentralized network of nodes that validate and confirm each exchange. The system’s decentralized nature, while enhancing security and reducing the risk of fraud, inherently limits its scalability. As demand increases, the network’s ability to maintain swift transaction speeds becomes strained. In Canada, this limitation has prompted discussions among stakeholders about potential solutions, such as implementing layer-two protocols like the Lightning Network to facilitate faster transactions.

The Lightning Network is a second-layer solution designed to enable off-chain transactions, which can significantly reduce congestion on the Bitcoin blockchain. By allowing smaller transactions to occur off the main blockchain and only settling the net result on-chain, the Lightning Network can alleviate pressure and enhance speed. This approach is gaining traction in Canada, especially among tech-savvy businesses eager to leverage Bitcoin’s potential without the lag associated with congested networks.

Canada’s financial authorities are also keenly observing the developments in the crypto space. The Bank of Canada, for instance, has been studying the implications of digital currencies and has initiated pilot projects to explore the feasibility of a central bank digital currency (CBDC). Although a Canadian CBDC would not rely on blockchain technology in the same way as Bitcoin, its development reflects the country’s commitment to staying ahead in the digital currency race.

Historically, Canada has been proactive in adopting new technologies. The country’s early embrace of the internet and mobile banking set the stage for its current openness to blockchain and cryptocurrencies. Canadian citizens are generally tech-savvy, with high internet penetration rates and a strong inclination towards digital solutions. These cultural and technological foundations have contributed to the rapid uptake of cryptocurrencies.

However, the path forward is not without risks. Bitcoin remains highly volatile, which can impact its attractiveness as a stable medium of exchange or store of value. Additionally, the environmental concerns associated with Bitcoin mining, which consumes significant amounts of energy, remain a contentious issue. In response, some Canadian companies are exploring greener mining practices, utilizing renewable energy sources to mitigate environmental impact.

Blockchain security is another area of concern. While blockchain technology is celebrated for its security features, high-profile hacks and security breaches in the crypto space have raised questions about the safety of digital assets. In Canada, regulatory bodies are focusing on implementing robust cybersecurity measures to protect users and maintain trust in digital currencies.

Furthermore, the potential for regulatory changes poses a challenge. As cryptocurrencies become more integrated into the financial system, the possibility of stricter regulations looms. While Canada currently maintains a balanced approach, future shifts in policy could impact the growth trajectory of crypto adoption.

Comparing Canada’s situation with other countries, the United States, for example, has a more fragmented approach to crypto regulation, with different states adopting varying policies. This contrasts with Canada’s more unified regulatory framework, which could provide a competitive advantage. Conversely, countries like El Salvador, which have taken bold steps by adopting Bitcoin as legal tender, present a different model of integration that could influence Canada’s policy decisions.

In conclusion, Canada stands at the forefront of the cryptocurrency revolution, balancing innovation with caution. The surge in Bitcoin transactions underscores both the opportunities and challenges inherent in adopting digital currencies. As Canada navigates these complexities, its approach could serve as a blueprint for other nations looking to harness the benefits of cryptocurrencies while mitigating their risks. As the global landscape of digital finance evolves, Canada’s experience will likely offer valuable insights into the sustainable integration of cryptocurrencies into the mainstream economy.

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Whales closing their BTC longs could also mean that smart money believed the upside is limited.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Solana Mobile will roll out a native token called SKR at the start of next year, a move that ties a new crypto asset directly to the company’s Seeker smartphone and its growing app network.

According to the company’s own blog and subsequent reports, SKR is being positioned as a governance and incentive token for people who use, build for, or operate parts of the platform.

Solana Mobile Confirms SKR Launch
Solana Mobile confirmed that SKR will launch in January 2026 and that the total supply will be 10 billion SKR. The announcement appeared on the company’s official channels and was widely picked up by crypto news outlets.

SKR Tokenomics

The total SKR supply is 10 billion SKR.

SKR distribution:

– 30% Airdrops

– 25% Growth + Partnerships

– 10% Liquidity + Launch

– 10% Community Treasury

– 15% Solana Mobile

– 10% Solana Labs pic.twitter.com/pluKRzTDVZ

— Seeker | Solana Mobile (@solanamobile) December 3, 2025

Token Distribution And Staking
Reports have disclosed a detailed split of that 10 billion. Some 30% is reserved for airdrops. 25% goes to growth and partnerships. 10% is set aside for liquidity and launch, another 10% for a community treasury, and 15% for Solana Mobile itself, etc.

This arrangement puts a large chunk of supply into the hands of users and partners from day one, with a sizeable allocation kept for the company and its parent.

SOL market cap currently at $80 billion. Chart: TradingView
How SKR Will Be Used
According to the Solana Mobile post, SKR will be used to reward builders and reinforce device security, and it will help coordinate how the dApp Store and related services work on Seeker devices.

The company also described a “Guardian” model meant to involve trusted actors in tasks like app review and device verification.

Source: Solana Mobile
Who Might Benefit First
Seeker owners and early dApp developers are the most likely to see immediate benefits. Airdrops are intended for users and builders, so people who actively use Seeker apps or who run services for that ecosystem could receive SKR at launch.

Based on reports, the token’s real value will hang on how many people buy Seeker phones, how many apps appear, and how active the community becomes.

A big airdrop number does not guarantee broad usage, and governance systems often face challenges if participation is low or power concentrates with a few parties.

Featured image from Gemini, chart from TradingView

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Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Ethereum shows renewed strength across multiple market signals as fresh ETF inflows, a weekly MA50 reclaim, and a clean ETHBTC breakout all align at the same time. Together, these developments mark one of the strongest multi-chart shifts for Ethereum in recent weeks.

Ethereum exchange traded funds saw a combined inflow of about 140.2 million dollars on Dec. 3, according to data shared by market watcher Ted. The table shows a broad rebound across issuers, with green entries marking positive flows after several days of mixed activity.

Ethereum ETF Daily Flows Table. Source: Ted

BlackRock recorded the largest single-issuer inflow, adding roughly 53 million dollars to its ETHA product. Fidelity followed with 34.4 million dollars, while Bitwise reported 4.5 million dollars. Grayscale’s ETHE and ETH trusts also posted modest positive entries, including 27.6 million dollars into EZET and 20.7 million dollars into ETHE.

The latest inflow reverses the sharp outflows seen on Dec. 2, when several issuers showed red figures. Transitioning into December, flows turned positive as multiple funds moved back into green territory. The data reflects renewed accumulation among U.S. spot Ethereum issuers during a period of broader market volatility.

Ethereum Reclaims Weekly MA50 After Sharp BounceEthereum moved back above the weekly 50-period moving average, according to a chart shared by Crypto Rover. The latest candle shows price reclaiming the blue MA50 line after several weeks of decline, signaling a clean recovery on the higher-timeframe chart.

Ethereum Weekly MA50 Chart. Source: Crypto Rover on X / TradingView

The weekly chart highlights a swift rebound from the recent pullback zone. ETH closed the week near 3,195 dollars, pushing back through the moving average that previously acted as resistance during the November drop. The move places Ethereum back inside the mid-trend structure after testing deeper support levels.

Trading volume on the weekly chart remains steady, and the green candle shows renewed buying after last week’s long downside wick. ETH now trades near the center of its multi-month range as it approaches the next cluster of overhead levels visible on the chart.

ETH/BTC Breaks Three-Month Downtrend on Daily ChartThe ETH/BTC pair has broken above a descending trendline that capped price since early September, according to a chart shared by Max Crypto. The daily candles show a clean move through the white resistance line after weeks of consolidation near the lows of the range.

ETHBTC Daily Downtrend Breakout. Source: Max Crypto on X and TradingView

The breakout follows a long sequence of lower highs, with ETH lagging behind Bitcoin for most of the past three months. Now, the fresh green candle closes above the trendline, signaling the first clear shift in structure on this timeframe.

This move improves the relative strength picture for Ethereum and other large-cap altcoins. As long as ETH/BTC holds above the former downtrend line, the cross signals that capital is rotating gradually away from Bitcoin and toward the broader altcoin market.

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial.

Bitcoin (BTC) mining has evolved from garage rigs and warehouse farms into an institutional-scale industry projected to generate over $20 billion in revenue in 2025. Yet, most investors still see mining through an old lens. They either buy ASICs and deal with the headaches or gamble on volatile mining stocks. 

Summary

Bitcoin mining is shifting from hardware ownership to financial products, with tokenized hashrate and derivatives giving investors direct exposure to mining rewards without managing machines.
Hashrate is becoming a full-fledged commodity market, with forwards, hedges, and structured products allowing miners to stabilize revenue and institutions to trade mining capacity like energy or metals.
As infrastructure scales and institutional interest grows, hashrate is on track to become a standardized tradable asset, enabling predictable margins for miners and broad, ETF-like access for investors.

Markets are developing a cleaner exposure: tradable hashrate. Instead of managing hardware, investors can now buy tokens that represent computational power, collect mining rewards, and let professional operators handle machines behind the scenes.

Tokenization is just the first step
The early infrastructure is taking shape, with real money starting to flow in.

At the basic level, mining companies tokenize their computational power into tradable units. Each token represents a specific amount of hashrate — say, 1 TH/s. Token holders receive their proportional share of mining rewards. The mining company handles hardware, electricity, and maintenance. Investors just collect Bitcoin. For retail, tokenized hashrate lowers the barrier to entry: no hardware, hosting, or energy contracts, just exposure through a tradable token or listed product.

Platforms like Luxor have also introduced hashrate derivatives, forward contracts that miners use to hedge production and that sophisticated investors can trade for exposure through regulated markets. As of August 2025, Luxor’s OTC hashrate forwards had traded nearly $200 million notional YTD. These contracts hedge the revenue side of mining (hashprice), not input costs like electricity, so many operators combine them with traditional power hedges or PPAs to balance both sides of the equation. Together with tokenized mining, these instruments expand the financial toolkit that could mature into a full-fledged commodity market for hashrate.

Bitcoin’s 7D SMA hashrate recently peaked at 1.15 zettahashes per second on October 18th, 2025. That massive computational power now gets sliced up and sold to investors who never touch a mining rig.

Mining pools that once served only industrial operators issue tokens backed by their collective hashrate. The industry is shifting from selling mined Bitcoin to selling the ability to mine it.

Mining is becoming Wall Street’s next commodity play
Miners face the same problem that drove oil producers to create futures markets a century ago. Revenue swings wildly with prices, operational costs only climb higher, and competition appears suddenly and changes everything. Just as Exxon learned to sell next year’s oil production today to lock in predictable prices, Bitcoin miners now sell future hashrate to help miners secure more predictable revenue streams and make cash flows easier for banks to model and investors to understand. The model has worked for decades in energy and agriculture, where forward contracts protect producers from price swings.

When network difficulty spikes 20% in a single month, miners who hedged their hashrate through forward contracts keep their margins intact. The rest just take whatever the market gives them. So, what does a hashrate forward actually hedge? In practice, the underlier is computational power (e.g., TH/s). Settlement is indexed to Bitcoin block rewards and transaction fees, with adjustments for network difficulty. Key risks include basis risk (difficulty or fee volatility), operational uptime, and counterparty performance. Unlike BTC spot exposure, hashrate forwards directly reflect the economics of mining capacity.

Financial institutions are exploring how to adapt commodity market tools for hashrate. Some platforms now offer forward contracts for computational power. Others are developing difficulty hedging instruments. Regional indices exist mostly as concepts, waiting for the market depth to support real derivatives trading.

Once hashrate becomes fully financialized, it will redefine who can participate in mining. Today’s futures and swaps serve institutional traders. Tomorrow’s tokenized products will let anyone, from retail investors and crypto enthusiasts to institutional funds, access mining rewards without the operational complexity.

The building blocks are falling into place
Every financial innovation follows the same pattern. First comes basic trading, then derivatives, then structured products, and finally mass market adoption. Mining is moving through these stages quickly.

It started with a few bold moves: institutions adding Bitcoin to their balance sheets. Today, it’s no longer just a trend but a fixture: institutions now hold more than 10% of the total supply. Blockchain data shows this shift clearly, with public companies and ETFs absorbing Bitcoin at a pace the market has never seen before.

When Marathon and Riot went public, they gave retail investors their first shot at mining exposure without buying hardware. But mining stocks carried corporate risk, equity volatility, and offered only indirect exposure to the underlying business.

And now, tokenized hashrate takes this further. These products attract investors who’re looking for direct mining exposure, without the corporate layer. Some banks, like Sygnum, accept compute power as collateral for credit facilities and let miners borrow against future hashrate instead of selling Bitcoin reserves. The same transformation that took commodities decades is happening to hashrate in 24 months.

Miners need these tools as margins compress and competition intensifies. Investors want Bitcoin exposure beyond volatile spot prices. Hashrate products solve both problems simultaneously, which explains why adoption is growing rapidly, outpacing many other emerging crypto derivative categories.

The infrastructure is scaling up: systems that were little more than ideas a few years ago now channel hundreds of millions. If the pattern holds, retail products could follow the ETF trajectory, bringing hashrate within reach of everyday investors. The underlying mechanism is straightforward: investors don’t need to manage machines or self-custody BTC; they can participate in mining rewards through structured, professionally managed products.

In five years, hashrate could trade like any other commodity. Instead of pulling up a Bloomberg terminal and seeing only oil or copper futures, traders could also see BTC hashrate contracts listed alongside them. Portfolio managers would treat computational power as just another allocation, and major exchanges such as CME may eventually list standardized contracts, similar to other commodities.

Miners could finally run their businesses with predictable margins. They could sell their hashrate production three years forward and know exactly what they’ll earn, regardless of where Bitcoin trades. Mining turns into a predictable spread business: you know your power costs, you lock in your hashrate price, you pocket the difference.

The products available would range from dead simple to derivatives-trader complex. Anyone could buy basic hashrate tokens for exposure. Meanwhile, the quants would be trading difficulty swaps and would arbitrage regional indices. Banks would issue structured notes backed by computational power, and pension funds that won’t touch Bitcoin directly could still buy hashrate ETPs.

No longer hypothetical, the financialization of hashrate is underway, and advantage goes to those who recognize compute as both a resource and asset class.

Fakhul Miah

Fakhul Miah is the Managing Director of GoMining Institutional, bringing over 20 years of experience across investment banking and blockchain, including leadership roles at Morgan Stanley and Web3 pioneers. Founded in 2017, GoMining has grown into a Bitcoin-centered ecosystem anchored by 11 million+ TH/s of computing power across data centers in the U.S., Africa, and Central Asia. Its ecosystem spans digital miners, the Miner Wars GameFi project, a launchpad for BTCFi startups, GoMining Academy for education, and GoMining Institutional, the investment division of GoMining, where Fakhul leads institutional relationships and strategic growth, including the Alpha Blocks Fund, tailored for institutional investors.

Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Tron (TRX) founder Justin Sun has reacted as the blockchain hit a milestone in terms of unique account holders. Sun’s reaction came after Lookonchain, an on-chain analytics platform, highlighted that Tron’s total number of accounts has surpassed 350 million.  

Tron dominance on full displaySun took to X to write, "350 million milestone!" The development is very significant to the blockchain as it shows the growing usage and adoption of the network. It shows that 350 million different addresses have been created since Tron launched in 2017.

The spike to 350 million came after the network recorded over 261,000 new registrations in the last 24 hours, according to Tronscan data. This pushed the total number of accounts to 350,357,719.

Meanwhile, within the same time frame, the Tron network recorded 10,473,710 transactions, taking the total transaction count to 12.25 billion. These figures signal increased usage of the Tron network due to its dominance in low-fee stablecoin transfer.

This feature has made Tron very attractive to users looking to make transactions in terms of remittances and DeFi.

Meanwhile, on the crypto market, Tron has managed to stay green in the last 30 days despite broader market volatility. 

According to CoinMarketCap data, in the last 30 days, Tron is up by 0.1%. As of press time, Tron was changing hands at $0.2806, which represents a 0.5% increase in the last 24 hours. TRX climbed from a low of $0.2806 to its current level.

Tron might print higher figures in the price outlook if market participants actively engage in transacting the coin. The trading volume is currently in the red, down by 23.47% to $524.69 million. An exit from the red zone could support the price to move toward the $0.30 target.

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Tron’s resilience and growing adoptionTron has been known to post impressive numbers relative to other blockchains. In September 2025, for instance, Tron flipped nearly all other blockchains by raking in $1.142 million in revenue within a single day. 

Comparatively, Ethereum made $174,677 while Solana raked in $175,70,8, which showed Tron’s dominance for the month.

Meanwhile, the Tron treasury also got an upgrade in the month of September as Bravemorning Limited bought 312.5 million TRX. The value of the purchase was put at approximately $110 million at the time. The development shows confidence in the Tron network.

American Bitcoin price (American Bitcoin Corp, NASDAQ) has spent the last 24 hours grinding higher in a volatile post-crash bounce, trading in a wide intraday range but ultimately sitting roughly mid-range after yesterday’s lock-up‑driven wipeout.

Summary

American Bitcoin price fell nearly 40% after pre‑merger private placement shares came unlocked and early investors sold.​
Eric Trump called the volatility expected, said fundamentals are “virtually unmatched,” and pledged not to sell his shares.​
Despite strong Q3 earnings and 4,090 BTC in treasury, ABTC is down about 76.5% from its September peak amid a broader crypto equity slump.

Traders watched American Bitcoin price fall off a cliff on Dec. 2. The Trump‑family‑backed miner opened into a wave of selling as locked‑up shares came free, and the stock briefly lost almost half its value before staggering into the close nearly 40% lower on the day.​

However, by Dec. 4, intraday, price ranged roughly between 2.25 USD and 2.77 USD, signaling aggressive two‑way flow and short‑term mean reversion after the prior day’s capitulation.

ABTC, which trades on Nasdaq, dropped from a previous close of 3.58 dollars to an intraday low of 1.80 dollars in the first hour on Dec. 2, before recovering part of the move to finish at 2.19 dollars, a 38.83% loss. The plunge lined up directly with the end of the lockup on pre‑merger private placement shares that were issued before American Bitcoin completed its merger with Gryphon Digital Mining and listed in September.​

“Today our pre‑merger private placement shares unlocked — these early investors are freely available to cash in on their profits for the first time, which is why we will see volatility,” co‑founder Eric Trump wrote on X, trying to frame the event as mechanical selling rather than a sudden collapse in confidence. Trump added that the company’s fundamentals are “virtually unmatched” and underlined that he is not selling his own stake, casting himself as a long‑term holder in the middle of the turmoil.

Strong quarter, growing bitcoin stack
The selloff comes just weeks after American Bitcoin reported what it called strong third‑quarter results. Revenue jumped to 64.2 million dollars from 11.6 million dollars a year earlier, while net income reached 3.5 million dollars compared with a 0.6 million dollar loss in the same quarter of the previous year. “We more than doubled our mining capacity, more than doubled revenue, and grew gross margin by seven percentage points quarter-over-quarter,” CEO Michael Ho said at the time, arguing the business is scaling rapidly.​

Alongside that expansion, the company has been building its own bitcoin reserve. As of 13 November, American Bitcoin said it held around 4,090 BTC in its treasury, counting coins in custody and those pledged toward miner purchases, giving shareholders direct exposure to the asset as well as the mining operation.​

Despite the upbeat metrics, the stock has been grinding lower for months. Since hitting a 9.31 dollar peak in September, ABTC has fallen about 76.5%, turning the name into one of the more volatile listed bitcoin proxies. The latest drop simply accelerated that trend, compressing a slow rerating into a single trading session.​

The backdrop across crypto‑linked equities has not helped. Coinbase is down 20% over the past month, USDC issuer Circle has fallen 39%, and Gemini has slipped 47%, reflecting a wider slump as digital‑asset markets remain weak. Looking ahead, Clear Street analyst Brian Dobson told Bloomberg that further equity unlocks for ABTC are scheduled in 2026 and advised investors to watch those expirations closely, warning that more supply could add pressure to an already fragile stock.

TL;DR

An Appeals Court ruled that the lower court erred in dismissing the case for lack of jurisdiction.
The plaintiff seeks to recover 1,000 BTC, arguing negligence and breach of contract by the exchange.
The case’s revival exposes Binance to a wave of new litigation related to stolen assets and money laundering.

The legal landscape is becoming complicated for the Binance exchange. The Third District Court of Appeal in Florida has reactivated an $80 million Bitcoin lawsuit against the company, a dispute that had been previously dismissed. Now, the plaintiff, Michael Osterer, has the opportunity to refile his lawsuit at the state level against the crypto exchange.

The case reopens after the appellate court ruled that the trial court erred in concluding that it lacked personal jurisdiction over Binance.

The plaintiff claims that 1,000 BTC were stolen from his account and laundered on Binance. Osterer argues that the platform was negligent, breached its contract, and contributed to the laundering of stolen property by failing to immediately freeze the funds after being notified of the theft.

The plaintiff seeks to recover the entirety of the $80 million lost, plus corresponding interest.

The Implications of Jurisdiction in the Osterer Case
Despite Binance Holdings Inc. being domiciled outside of Florida, the new ruling allows the plaintiff to argue that the exchange has sufficient ties to the state for the lawsuit to be heard in local courts. The appellate court challenged the original dismissal, suggesting that California law could plausibly apply and that Binance cannot automatically evade jurisdiction simply because it is an offshore platform.

For Binance, this reopened case is particularly delicate at this moment. It adds to a growing list of legal issues that include accusations of failing to secure or freeze stolen assets.

Recently, the company was singled out in a case that accuses it of helping to transfer millions of dollars to US-designated terrorist organizations, such as Hamas and Hezbollah, a lawsuit filed by victims of attacks in Israel.

Pressure on the platform intensifies due to the accusation of transferring more than $1 billion to accounts linked to groups designated as terrorists, including $50 million sent after the October attacks.

In summary, the revival of this $80 million Binance lawsuit in Florida highlights the regulatory and compliance challenges facing the world’s largest cryptocurrency platform.

Citadel Securities is pushing the SEC to apply full exchange and broker-dealer requirements to DeFi protocols, rejecting calls for lighter rules for tokenized trading platforms.

Regulators Face Pressure To Treat DeFi As Traditional Market IntermediariesCitadel told the SEC that DeFi platforms involved in trading tokenized U.S. equities should not receive broad exemptions from federal exchange definitions. 

The firm said decentralized protocols often match buyers and sellers using non-discretionary algorithms, which it argued aligns with the statutory definition of an exchange.

The letter said many DeFi participants act as broker-dealers when they receive transaction-based compensation. 

Citadel warned that granting exemptions would create two inconsistent regulatory regimes for the same securities, violating the Exchange Act's technology-neutral principles.

Fair Access And Market Integrity Are Core Themes In Citadel's ArgumentCitadel said exemptions could weaken fair access, post-trade transparency, market surveillance, and anti-front-running protections. 

The firm urged the SEC to use formal rulemaking rather than carve-outs that reduce oversight for digital trading protocols.

The company said tokenization will only succeed if existing investor protections remain intact. 

It argued that DeFi exchanges must meet the same standards as traditional trading venues to ensure market stability.

Crypto Community Accuses Citadel Of Targeting Open FinanceThe letter drew immediate backlash across the cryptocurrency sector. 

Uniswap (CRYPTO: UNI) founder Hayden Adams said Citadel has been lobbying against DeFi for years, accusing the firm of undermining open-source systems that reduce barriers to liquidity creation.

He said it was ironic that Citadel raised concerns about "fair access," given its dominant role in traditional market making. 

Adams framed the move as an attempt to suppress decentralized competition that challenges legacy trading structures.

Blockchain Association CEO Summer Mersinger also rejected Citadel's interpretation. 

She said the firm's argument lacks grounding in the Exchange Act, judicial precedent, or Commission practice, adding that developers who build software should not be regulated like custodial financial intermediaries.

Industry Warns Of Innovation Flight If SEC Follows Citadel's PathMersinger said regulating developers as broker-dealers would harm U.S. competitiveness and push innovation offshore. 

She argued that the approach offers no meaningful benefit to investor protection. 

Industry leaders said the SEC should reject proposals that classify coding activity as financial intermediation.

It isn't immediately clear how the SEC will respond to Citadel's push. 

The agency has signaled interest in tightening oversight of tokenized assets, but it has not indicated whether it will pursue exemptions or full regulatory treatment.

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TL;DR

XRP approaches key resistance at $2.28, the top of its descending channel.
A confirmed break above that level could target a move towards $2.75.
Ripple continues securing new partnerships for CBDC and payment solutions.

The pair XRP/USD approaches a key barrier near $2.28, where many short-term traders concentrate attention. Price action unfolds inside a descending channel in place since early October and still shows lower highs and lower lows, even after quick rebounds above $2.00.

On-chain and chart watchers highlight $2.28 as a major resistance area. Analyst Ali Martinez points out that the zone lines up with the 0.618 Fibonacci retracement and with the upper boundary of the descending channel. Several recent tests stop in that band, which shows how sellers step in each time XRP reaches the level and cap advances in the short term.

If $XRP can break past $2.28, a breakout toward $2.75 opens up. pic.twitter.com/dhw3DMfItY

— Ali (@ali_charts) December 4, 2025

Martinez explains that a clean break above $2.28 opens room for a continuation toward $2.75. Traders link $2.75 with the 0.236 Fibonacci level and an earlier support zone that now acts as a ceiling. Above $2.75, many order books cluster offers around $2.90–$3.00, where long-term holders often lock in gains after previous rallies.

XRP (Ripple) Technical and Fundamental Analysis – December 4, 2025
From a technical perspective, XRP is currently in a consolidation phase after reaching its monthly high near $2.20 USD. The Bollinger Bands are narrowing, signaling a temporary reduction in volatility. The upper band is positioned at $2.18 USD, the lower band near $2.08 USD, and the 20-day moving average (middle band) around $2.12 USD.

If XRP manages to stay above this moving average, it could initiate a new upward push toward $2.25 USD; however, a drop below $2.10 USD might lead to a retest of the key support level at $2.00 USD.

The RSI (Relative Strength Index) stands at 58 points, suggesting a balance between buyers and sellers, while the MACD remains neutral, awaiting a decisive breakout from the current range. The decline in trading volume supports the notion of a market pause before the next major directional move.

From a fundamental standpoint, Ripple continues to solidify its position in the global financial ecosystem. Ripple Labs recently announced new partnerships with central banks to develop CBDC (Central Bank Digital Currency) solutions, particularly across Asia and the Middle East. 

Meanwhile, the company’s RippleNet continues expanding its On-Demand Liquidity (ODL) services, facilitating faster and cheaper international money transfers for major financial institutions.

On-chain metrics for XRP indicate steady transactional growth, with daily transfers up 6% and exchange deposits down 3%, suggesting an accumulation phase among large holders (whales). The number of active wallets has surpassed 490,000 addresses, reflecting organic user growth and broader adoption of the XRP Ledger network.

Key Takeaways Nutrien's shares rose 11.3% as strong fertilizer demand and tight inventories support its growth. The company raised 2025 potash sales guidance after a record nine-month and strong Q3 volumes. Nutrien targets about $200M in 2025 cost reductions while expanding retail and digital platforms.
Nutrien Ltd.’s (NTR - Free Report) shares have popped 11.2% over the past month. The company has also outperformed the industry’s 0.7% fall and the S&P 500’s 1% increase over the same period. 

Price Performance of NTR vs. Industry & S&P 500Image Source: Zacks Investment Research

Let’s take a look at the factors that are driving this fertilizer maker. 

Nutrien Poised for Growth on Strong Fertilizer DemandNutrien is well-positioned to benefit from rising global fertilizer demand, supported by strong agricultural markets and tight inventories that are expected to keep crop prices firm in 2025. Strong demand and supply tightness have pushed fertilizer prices higher this year. Potash demand is set to grow on favorable farmer economics, improved affordability and low inventory levels globally, while the phosphate market remains supported by reduced Chinese exports and lean producer inventories. Nitrogen demand also stays healthy, driven by strong consumption in North America, India and Brazil, along with a rebound in industrial nitrogen use. 

The company expects record U.S. crop production and continued strength in crop-input demand. Nutrien logged record potash sales in the first nine months of 2025, benefiting from robust consumption across North America and major offshore markets. Third-quarter volumes were similarly strong, leading the company to raise its 2025 potash sales guidance to 14–14.5 million tons. 

Nutrien is also gaining from acquisitions and the growing adoption of its digital platform. It continues expanding in Brazil and plans to use free cash flow to pursue targeted growth investments and tuck-in acquisitions across its retail business in 2025. 

Nutrien Advances Cost Cuts and Efficiency GainsNutrien’s cost and operational efficiency efforts are set to further support performance. The company is focused on lowering potash production costs and has implemented several strategic actions to reduce controllable expenses and improve free cash flow. With accelerated efficiency and savings initiatives, Nutrien expects to achieve about $200 million in total cost reductions in 2025 and is currently ahead of schedule on this target. 

Nutrien Ltd. Price and ConsensusNTR’s Zacks Rank & Key PicksNTR currently carries a Zacks Rank #3 (Hold). 

Better-ranked stocks in the basic materials space include Agnico Eagle Mines Limited (AEM - Free Report) , Allied Gold Corporation (AAUC - Free Report) and Croda International Plc. (COIHY - Free Report) . 

The Zacks Consensus Estimate for Agnico Eagle’s current-year earnings is pegged at $7.77 per share. AEM, carrying a Zacks Rank #1 (Strong Buy), surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with the average earnings surprise being 12%. The company's shares have rallied 74.4% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for AAUC’s current-year earnings is pegged at $1.33 per share. AAUC carries a Zacks Rank #2 (Buy). The company's shares have soared 45.3% in the past year. 

The Zacks Consensus Estimate for Croda’s current-year earnings is pegged at 95 cents per share. COIHY carries a Zacks Rank #2. The company's shares have fallen 17% in the past year. 

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

NEW YORK--(BUSINESS WIRE)--Pace, the agentic workforce for insurance, was chosen by Prudential's Individual Life Insurance (ILI) business to help simplify and improve its service delivery. Pace's AI-powered agents are now streamlining policy servicing and supporting quality assurance efforts within Prudential's ILI business. The first set of automated systems is now live taking on thousands of hours of work. “Our work with Prudential is an example of how AI can be used as a strategic advantage,.

December 04, 2025 08:15 ET

 | Source:

Heron Therapeutics, Inc.

APONVIE, an aprepitant product, highlighted as the only FDA-approved IV formulation Neurokinin-1 (“NK-1”) antagonist indicated for the prevention of PONV in adults, with a long half-life and quicker onset than oral aprepitantAprepitant alone, or added to a multimodal regimen, recognized as significantly reducing the risk of PONV, and aprepitant monotherapies are noted as more effective compared to 5-HT3 receptor antagonists for postoperative vomiting preventionPost-discharge nausea and vomiting (PDNV) recognized as a significant risk to discharged postoperative patients and the role of long-acting antiemetic strategies highlighted as extending protection beyond the recovery room and into the home setting CARY, N.C., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Heron Therapeutics, Inc. (Nasdaq: HRTX) (“Heron” or the “Company”), a commercial-stage biotechnology company, today announced the inclusion of APONVIE® (aprepitant) injectable emulsion in the newly released Fifth Consensus Guidelines for the Management of Postoperative Nausea and Vomiting: Executive Summary and Full Report as published in Anesthesia and Analgesia (collectively, the “PONV Guidelines”).

PONV impacts about 30% of postoperative patients in the general surgical population and up to 80% of high-risk patients1 and is a major cause of patient dissatisfaction after surgery, with patients ranking vomiting as the most undesirable outcome when asked about postsurgical complications.2

The PONV Guidelines name APONVIE as an NK-1 receptor antagonist option for the prevention of PONV in adults and note APONVIE’s long half-life and 30-second IV administration, which provides for quicker onset than oral formulations and a long-acting profile. The PONV Guidelines also provide evidence that aprepitant alone or in combination therapies significantly reduced the risk of PONV and that aprepitant is comparable or superior to ondansetron for PONV prophylaxis. The PONV Guidelines also cite evidence for aprepitant’s significant impact on postoperative vomiting.

“The release of the PONV Guidelines comes at a defining moment for surgical care. More procedures than ever are being performed in outpatient and short-stay settings, and patients are going home within hours of anesthesia. Preventing PONV is not just a comfort measure, it is critical to ensuring a safe and satisfying recovery for patients,” said Craig Collard, Chief Executive Officer of Heron. “We see substantial opportunity for APONVIE to help reduce avoidable postoperative complications, enhance patient and caregiver confidence at home, and support clinicians in delivering a smooth and reliable postoperative recovery experience.”

The PONV Guidelines continue to recommend and reinforce an algorithmic approach to risk assessment, mitigation, multimodal PONV prophylaxis, and rescue treatment as most adult patients undergoing surgery and anesthesia will have at least one risk factor for PONV. For patients at high risk of PONV (e.g., having three or more PONV risk factors), the PONV Guidelines recommended a multimodal approach to prophylaxis with three or more agents. The PONV Guidelines also discussed risk factors for PDNV and recommended prophylactic, long acting antiemetics before discharge for patients at risk of PDNV.

“Importantly, the PONV Guidelines bring renewed attention to the burden that nausea and vomiting place on patients after they leave the hospital,” said Kevin Warner, PharmD, Senior Vice President, Medical Affairs Strategy and Engagement of Heron. “By helping clinicians identify who remains at risk and encouraging the use of long-acting antiemetic options before discharge, the recommendations within the PONV Guidelines give us another chance to protect patients when they are back at home, where support may be more limited. Consistent awareness of the PONV Guidelines and disciplined adherence to its recommendations are essential if we want to translate this progress into safer recoveries, fewer complications, and better overall experiences for patients and their families.”

About APONVIE® for Prevention of Postoperative Nausea and Vomiting (“PONV”) Prevention

APONVIE is a substance P/neurokinin 1 (NK-1) Receptor Antagonist (RA), indicated for the prevention of postoperative nausea and vomiting (PONV) in adults. Delivered via a 30-second IV push, APONVIE 32 mg was demonstrated to be bioequivalent to oral aprepitant 40 mg with rapid achievement of therapeutic drug levels. APONVIE is the same formulation as Heron's approved drug product CINVANTI. APONVIE is supplied in a single-dose vial that delivers the full 32 mg dose for prevention of PONV. APONVIE was approved by the FDA in September 2022 and became commercially available in the U.S. on March 6, 2023.

Please see full prescribing information at www.APONVIE.com.

About Heron Therapeutics, Inc.

Heron Therapeutics, Inc. is a commercial-stage biotechnology company focused on improving the lives of patients by developing and commercializing therapeutic innovations that improve medical care. Our advanced science, patented technologies, and innovative approach to drug discovery and development have allowed us to create and commercialize a portfolio of products that aim to advance the standard-of-care for acute care and oncology patients. For more information, visit www.herontx.com.

Forward-Looking Statements

This news release contains "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. All statements contained in this news release other than statements of historical facts, including statements regarding our future results of operations and financial position, business and commercialization strategy as well as plans and objectives of management for future operations, are forward-looking statements. Heron cautions readers that forward-looking statements are based on management's expectations and assumptions as of the date of this news release and are subject to certain risks and uncertainties that could cause actual results to differ materially. Therefore, you should not place undue reliance on forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding the potential market opportunities for APONVIE. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, and in our other reports filed with the Securities and Exchange Commission, including under the caption "Risk Factors." Forward-looking statements reflect our analysis only on their stated date, and Heron takes no obligation to update or revise these statements except as may be required by law.

References:

1. Gan TJ, Belani KG, Bergese S, et al. Fourth consensus guidelines for the management of postoperative nausea and vomiting. Anesth Analg. 2020;131(2):411-448. doi:10.1213/ ane.0000000000004833.

2. Macario A, Weinger M, Carney S, Kim A. Which clinical anesthesia outcomes are important to avoid? The perspective of patients. Anesth Analg. 1999;89(3):652-658. doi:10.1097/00000539-199909000-00022.

Investor Relations and Media Contact:

Ira Duarte
Executive Vice President, Chief Financial Officer
Heron Therapeutics, Inc.
[email protected]
858-251-4400

MINNEAPOLIS, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Nuwellis, Inc. (Nasdaq: NUWE), a medical technology company committed to delivering solutions for patients with cardio-renal conditions, announced today that a leading Northeastern U.S. children’s hospital has initiated an Aquadex Ultrafiltration Program. Pediatric nephrology and cardiology teams across the country continue to seek out the therapy for its minimal extracorporeal volume requirement and reliability in managing fluid-sensitive patients, driving steady growth in Nuwellis’ expanding pediatric market.

Aquadex adoption continues to accelerate in high-acuity pediatric settings nationwide. Children’s hospitals are integrating the therapy into care pathways for complex cardiac, cardio-renal, and critical care cases as teams look for controlled, predictable approaches to fluid management. This broader institutional uptake highlights both the clinical value physicians see in Aquadex and the strategic importance of the pediatric market within Nuwellis’ long-term growth plan.

“Our growth in pediatrics is being led by the clinicians themselves,” said John Erb, CEO of Nuwellis. “Pediatric nephrology and cardiology teams are seeking out Aquadex because it gives them a level of control and safety they haven’t had with traditional approaches. Their adoption of the therapy is also creating a meaningful and expanding pillar of growth for our business.”

With the addition of this new key customer, Aquadex is now utilized across a growing number of leading children’s hospitals nationwide. The consistent expansion across regions and specialties demonstrates how Aquadex is becoming a trusted solution in modern pediatric fluid-management strategies.

“Pediatric clinicians come to Nuwellis seeking a reliable solution for precise fluid volume management,” said Kelsey Newell, Senior Director, Medical Affairs. “The real-time hematocrit monitoring built into Aquadex allows teams to directly assess patient tolerance during fluid removal, which is essential in critical care. That level of visibility is what makes Aquadex stand apart in supporting fragile pediatric disease states.”

Nuwellis remains committed to supporting pediatric specialists and hospital systems as Aquadex becomes more widely used in complex care environments across the country.

For more information, visit www.nuwellis.com.

About Nuwellis
Nuwellis, Inc. (Nasdaq: NUWE) is a medical device company dedicated to transforming the lives of patients suffering from fluid overload through science, collaboration, and innovation. The company is focused on commercializing the Aquadex SmartFlow® system for ultrafiltration therapy. Nuwellis is headquartered in Minneapolis, with a wholly owned subsidiary in Ireland. For more information visit www.nuwellis.com or visit us on LinkedIn or X, formerly known as Twitter.

About the Aquadex SmartFlow® System
The Aquadex SmartFlow system delivers clinically proven therapy using a simple, flexible and smart method of removing excess fluid from patients suffering from hypervolemia (fluid overload). The Aquadex SmartFlow system is indicated for temporary (up to 8 hours) or extended (longer than 8 hours in patients who require hospitalization) use in adult and pediatric patients weighing 20 kg or more whose fluid overload is unresponsive to medical management, including diuretics. All treatments must be administered by a health care provider, within an outpatient or inpatient clinical setting, under physician prescription, both having received training in extracorporeal therapies.

Forward-Looking Statements Certain statements in this release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, statements regarding the new market opportunities and anticipated growth in 2025 and beyond. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this release, including, without limitation, those risks associated with our ability to execute on our commercialization strategy, the possibility that we may be unable to raise sufficient funds necessary for our anticipated operations, our post-market clinical data collection activities, benefits of our products to patients, our expectations with respect to product development and commercialization efforts, our ability to increase market and physician acceptance of our products, potentially competitive product offerings, intellectual property protection, our ability to integrate acquired businesses, our expectations regarding anticipated synergies with and benefits from acquired businesses, and other risks and uncertainties described in our filings with the SEC. Forward-looking statements speak only as of the date when made. Nuwellis does not assume any obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or otherwise.

For further information, please contact:

Investor Relations:
[email protected]

Media Contact:
Leah McMullen
Director of Communications
[email protected]

Key Takeaways XOM's earnings rely heavily on upstream operations, leaving results sensitive to oil and gas price swings.XOM's 13.6% debt-to-capitalization provides flexibility to withstand downturns and pursue acquisitions.XOM trades at a 7.65X EV/EBITDA, above the industry average, with 2025 earnings estimates trending higher.
Exxon Mobil Corporation (XOM - Free Report) is an integrated energy giant, but generates the bulk of its earnings from its upstream operations. With a strong presence in the prolific Permian Basin and offshore Guyana resources, its top and bottom lines are highly vulnerable to fluctuations in oil and natural gas prices.

But investors should not worry much about this vulnerability since ExxonMobil has a strong balance sheet. With a debt-to-capitalization of 13.6%, the integrated energy giant has significantly lower exposure to debt capital. Thus, the company can rely on its strong balance sheet when oil and natural gas prices turn low and the business scenario becomes unfavorable.

Also, with lower exposure to debt capital, XOM can secure additional debt on favorable terms during uncertain situations, allowing it to operate smoothly, pursue lucrative acquisitions and continue rewarding shareholders.

CVX & EOG Also Have Low Debt LoadChevron Corporation (CVX - Free Report) and EOG Resources Inc. (EOG - Free Report) , both having robust balance sheets, can also sail through an unfavorable business environment due to their strong financials. While CVX has a debt-to-capitalization of 17.5%, EOG’s debt-to-capitalization stands at 20.3%.

XOM’s Price Performance, Valuation & EstimatesShares of XOM have gained 6.9% over the past year compared with the 8.7% improvement of the industry.

Image Source: Zacks Investment Research

From a valuation standpoint, XOM trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 7.65X. This is above the broader industry average of 4.81X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for XOM’s 2025 earnings has seen upward revisions over the past 30 days.

Image Source: Zacks Investment Research

ExxonMobil stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

CHICAGO, Dec. 04, 2025 (GLOBE NEWSWIRE) -- The end of the federal student loan forgiveness program has left millions of borrowers facing monthly payments for the first time in years. This financial strain is reshaping the rental market and creating new challenges for property managers who rely on credit-based scoring to assess risk.

A recent TransUnion (NYSE: TRU) analysis reveals that the number of rental applicants 90+ days delinquent on student loans more than doubled in the first half of 2025, climbing from 15% in January to 32% in May. Full findings appear in the ebook Trapped by Tuition: The New Reality of Renting.

“The influx of applicants struggling with student loan payments could significantly impact property managers,” said Maitri Johnson, EVP of TransUnion’s tenant and employment screening business. “Applicants who once met screening thresholds are now falling short.”

The report shows renters with Prime credit scores (661-720) – previously considered low risk – are slipping into riskier categories. Consumers across all tiers experienced notable score declines.

Credit Score Shifts for Renters Across Risk Tiers

TierKey MovementSuper Prime (781–850)51% fell to Prime; 45% to Near PrimePrime Plus (721–780)34% fell to Prime; 58% to Near PrimePrime (661–720)59% fell to Near Prime; 23% to Sub PrimeNear Prime (601–660)63% fell to Sub Prime According to TransUnion® TruVision™ Resident Score 4.0

Traditional credit scores predict loan repayment, not rental performance. They overlook critical indicators such as eviction history and rental payment behavior. Property managers using purpose-built rental risk models can reduce exposure without shrinking applicant pools, enabling faster, more confident leasing decisions.

The report also warns that financial stress drives fraud. Renters under pressure may falsify documents or misrepresent income. Multifamily-specific fraud detection tools can help verify identities, flag suspicious applications, and prevent costly evictions. 

“Student loan stress is reshaping the rental landscape, and traditional screening methods simply can’t keep up,” said Johnson. “With delinquencies doubling and credit tiers slipping, property managers must evolve their strategies.”

For more information about TransUnion’s TruVision™ Resident Screening solution, click here.

About TransUnion (NYSE: TRU)

TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business

Contact        
Dave Blumberg
TransUnion
E-mail [email protected]
Telephone 312-972-6646

, /PRNewswire/ - TELUS Corporation ("TELUS" or the "Company") today announced the commencement of separate offers (the "Offers") to purchase for cash up to C$500,000,000 (the "Maximum Purchase Amount") in aggregate purchase price, excluding accrued and unpaid interest, of its outstanding notes of the seven series listed in the table below (collectively, the "Notes"), which Maximum Purchase Amount may be increased, decreased or waived by the Company in its sole discretion. Each Offer is subject to the satisfaction or waiver of certain conditions, including the Financing Condition (as defined below)

The Offers

The Offers are made upon the terms and subject to the conditions set forth in the Offer to Purchase dated December 4, 2025, relating to the Notes (the "Offer to Purchase"). Capitalized terms used but not defined in this news release have the meanings given to them in the Offer to Purchase.

The amount of Notes purchased in the Offers and the allocation of such amount between the seven series listed below will be determined by the Company, in its sole discretion. The Offers may be subject to proration as described in the Offer to Purchase. In addition, we reserve the right to accept significantly more or significantly less (or none) of any series of Notes as compared to the other series of Notes.

Title of Notes(1)

Principal
Amount
Outstanding

CUSIP / ISIN
Nos.(1)

Par Call
Date(2)

Reference
Security(3)

Bloomberg
Reference
Page(3)

Fixed 
Spread
(Basis
Points)(3)

3.95% Notes,
Series CAB due
 February, 2050

C$105,257,000

87971MBP7 /
CA87971MBP73

August 16,
2049

CAN 2¾
12/01/55

FIT
CAN0-50

+145

4.10% Notes,
Series CAE due
April, 2051

C$78,105,000

87971MBT9 /
CA87971MBT95

October 5,
2050

CAN 2¾
12/01/55

FIT
CAN0-50

+145

4.40% Notes,
Series CU due
January, 2046

C$233,187,000

87971MBB8 /
CA87971MBB87

July 29,
2045

CAN 2¾
12/01/55

FIT 
CAN0-50

+135

4.40% Notes,
Series CL due
April, 2043

C$600,000,000

87971MAS2 /
CA87971MAS22

October 1,
2042

CAN 2¾
12/01/55

FIT
CAN0-50

+125

4.70% Notes,
Series CW due
March, 2048

C$475,000,000

87971MBE2 /
CA87971MBE27

September 6,
2047

CAN 2¾
12/01/55

FIT
CAN0-50

+130

2.85% Notes,
Series CAF due
November, 2031

C$750,000,000

87971MBV4 /
CA87971MBV42

August 13,
2031

CAN 1½
06/01/31

FIT
CAN0-50

+60

4.75% Notes,
Series CR due
January, 2045

C$400,000,000

87971MAY9 /
CA87971MAY99

July 17,
2044

CAN 2¾
12/01/55

FIT
CAN0-50

+130

(1)

No representation is made by the Company as to the correctness or accuracy of the CUSIP numbers or ISINs listed in this news release or printed on the Notes. They are provided solely for convenience.

(2)

For each series of Notes, the calculation of the applicable Total Consideration (as defined below) may be performed to either the maturity date or such par call date, in accordance with standard market convention.

(3)

The total consideration for each series of Notes (such consideration, the "Total Consideration") payable per each C$1,000 principal amount of such series of Notes validly tendered for purchase will be based on the applicable Fixed Spread specified in the table above for such series of Notes, plus the applicable yield based on the bid-side price of the applicable Canadian reference security as specified in the table above, as quoted on the applicable Bloomberg Reference Page as of 11:00 a.m. (Eastern time) on December 12, 2025, unless extended by the Company with respect to the applicable Offer (such date and time with respect to an Offer, as the same may be extended by the Company with respect to such Offer, the "Price Determination Date"). The Total Consideration does not include the applicable Accrued Coupon Payment (as defined below), which will be payable in cash in addition to the applicable Total Consideration.

Terms of the Offers

The Offers will expire at 5:00 p.m. (Eastern time) on December 11, 2025, unless extended or earlier terminated by the Company (such date and time with respect to an Offer, as the same may be extended with respect to such Offer, the "Expiration Date"). Notes may be validly withdrawn at any time at or prior to 5:00 p.m. (Eastern time) on December 11, 2025 (such date and time with respect to an Offer, as the same may be extended with respect to such Offer, the "Withdrawal Date"), unless extended by the Company with respect to any Offer.

Provided that the Financing Condition has been satisfied or waived by the Settlement Date (as defined below) and all other conditions to the Offers have been satisfied or waived by the Company by the Expiration Date, settlement for all Notes validly tendered and not validly withdrawn prior to the Expiration Date and accepted for purchase will be three business days after the Expiration Date, which is expected to be December 16, 2025, unless extended by the Company with respect to any Offer (the "Settlement Date").

Upon the terms and subject to the conditions set forth in the Offer to Purchase, Holders whose Notes are accepted for purchase in the Offers will receive the applicable Total Consideration for each C$1,000 principal amount of such Notes in cash on the Settlement Date. Promptly after 11:00 a.m. (Eastern time) on December 12, 2025, the Price Determination Date, unless extended by the Company with respect to any Offer, the Company will issue a press release specifying, among other things, the Total Consideration for each series of Notes validly tendered and accepted for purchase or that the Company intends to accept for purchase subject to the satisfaction or waiver of the Financing Condition by the Settlement Date.

In addition to the applicable Total Consideration, Holders whose Notes are accepted for purchase by the Company will receive a cash payment equal to the accrued and unpaid interest on such Notes from and including the immediately preceding interest payment date for such Notes to, but excluding, the Settlement Date (the "Accrued Coupon Payment"). Interest will cease to accrue on the Settlement Date for all Notes accepted in the Offers. Under no circumstances will any interest be payable because of any delay in the transmission of funds to Holders by CDS Clearing and Depository Services Inc. ("CDS") or its participants.

Any Notes validly tendered pursuant to the Offers but not accepted for purchase by the Company will be returned promptly to the tendering Holders thereof.

The Company may increase or waive the Maximum Purchase Amount with or without extending the Withdrawal Date. If Holders tender more Notes in the Offers than they expect to be accepted for purchase based on the Maximum Purchase Amount and the Company subsequently accepts more than such Holders expected of such Notes tendered as a result of an increase of the Maximum Purchase Amount, such Holders may not be able to withdraw any of their previously tendered Notes.

The Offers are subject to the satisfaction or waiver of certain conditions as described in the Offer to Purchase, including the Company having raised by the Settlement Date net proceeds through one or more issuances of debt in the public or private capital markets, on terms reasonably satisfactory to the Company, sufficient to purchase all Notes validly tendered in the Offers (and not validly withdrawn) and accepted for purchase by the Company and to pay accrued and unpaid interest in respect thereof and all fees and expenses in connection with the Offers (the "Financing Condition"). The Company reserves the right, subject to applicable law, to waive any and all conditions to any Offer. If any of the conditions is not satisfied, the Company is not obligated to accept for payment, purchase or pay for, and may delay the acceptance for payment of, any tendered Notes, in each event subject to applicable laws, and may terminate or alter any or all of the Offers. The Offers are not conditioned on the tender of any aggregate minimum principal amount of Notes of any series (subject to minimum denomination requirements as set forth in the Offer to Purchase) and none of the Offers is conditioned on the consummation of any other Offer.

The Company has retained CIBC World Markets Inc. ("CIBC"), BMO Nesbitt Burns Inc. ("BMO"), RBC Dominion Securities Inc. ("RBC"), Scotia Capital Inc. ("Scotia") and TD Securities Inc. ("TD") to act as lead dealer managers (the "Dealer Managers") for the Offers. Questions regarding the terms and conditions for the Offers or for copies of the Offer to Purchase should be directed to CIBC at 1-416-594-8515 (collect), BMO at 1-833-418-0762 (toll-free) or 1-416-359-6359 (collect), RBC at 1-877-381-2099 (toll-free) or 1-416-842-6311 (collect), Scotia at 1-416-863-7438 (collect) or TD at 1-866-584-2096 (toll-free) or 1-416-982-6451 (collect). You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers.

Computershare Investor Services Inc. will act as the Tender Agent for the Offers.

If the Company terminates any Offer with respect to one or more series of Notes, it will give prompt notice to the Tender Agent, and all Notes tendered pursuant to such terminated Offer will be returned promptly to the tendering Holders thereof. With effect from such termination, any Notes blocked in CDS will be released.

Holders are advised to check with any bank, securities broker or other intermediary through which they hold Notes as to when such intermediary would need to receive instructions from a beneficial owner in order for that Holder to be able to participate in, or withdraw their instruction to participate in the Offers before the deadlines specified herein and in the Offer to Purchase. The deadlines set by any such intermediary and CDS for the submission and withdrawal of tender instructions will also be earlier than the relevant deadlines specified herein and in the Offer to Purchase.

Offer and Distribution Restrictions

The Offers are being made solely pursuant to the Offer to Purchase. This news release does not constitute a solicitation of an offer to buy any securities in the United States. No Offer constitutes an offer or an invitation by, or on behalf of, TELUS or the Dealer Managers (i) to participate in the Offers in the United States; (ii) to, or for the account or benefit of, any "U.S. person" (as such term is defined in Regulation S of the U.S. Securities Act of 1933, as amended); or (iii) to participate in the Offers in any jurisdiction in which it is unlawful to make such an offer or solicitation in such jurisdiction, and such persons are not eligible to participate in or tender any securities pursuant to the Offers. No action has been or will be taken in the United States or any other jurisdiction that would permit the possession, circulation or distribution of this news release, the Offer to Purchase or any other offering material or advertisements in connection with the Offers to (i) any person in the United States; (ii) any U.S. person; (iii) anyone in any other jurisdiction in which such offer or solicitation is not authorized; or (iv) any person to whom it is unlawful to make such offer or solicitation. Accordingly, neither this news release, the Offer to Purchase nor any other offering material or advertisements in connection with the Offers may be distributed or published, in or from the United States or any such other jurisdiction (except in compliance with any applicable rules or regulations of such other jurisdiction). Tenders will not be accepted from any Holder located or resident in the United States.

In any jurisdiction in which the securities laws require the Offers to be made by a licensed broker or dealer, the Offers will be deemed to have been made on behalf of the Company by the Dealer Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

This news release is for informational purposes only. This news release is not an offer to purchase or a solicitation of an offer to sell any Notes or any other securities of TELUS or any of its subsidiaries.

Forward-looking Statements

This news release contains statements about future events, including statements regarding the terms and timing for completion of the Offers, including the acceptance for purchase of any Notes validly tendered and the expected Expiration Date and Settlement Date thereof; and the satisfaction or waiver of certain conditions of the Offers. By their nature, forward-looking statements require us to make assumptions and predictions and are subject to inherent risks and uncertainties including risks associated with capital and debt markets. There is significant risk that the forward-looking statements will not prove to be accurate. Forward-looking statements are provided herein for the purpose of giving information about the proposed Offers. Readers are cautioned that such information may not be appropriate for other purposes. The Company's obligation to complete an Offer with respect to a particular series of Notes validly tendered is conditioned on the satisfaction of conditions described in the Offer to Purchase, including the Financing Condition. Accordingly, there can be no assurance that repurchases of Notes under the Offers will occur at all or at the expected time indicated in this news release. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future performance and events to differ materially from those described in the forward-looking statements. Accordingly, this news release is subject to the disclaimer and the qualifications and risk factors as set out in our 2024 annual management's discussion and analysis and in our third quarter 2025 management's discussion and analysis and other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR+ at sedarplus.ca) and in the United States (on EDGAR at sec.gov). The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Except as required by law or the Offer to Purchase, TELUS disclaims any intention or obligation to update or revise forward-looking statements.

About TELUS

TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over C$20 billion in annual revenue with more than 20 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. TELUS Health is enhancing more than 160 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. TELUS Agriculture & Consumer Goods utilizes digital technologies and data insights to optimize the connection between producers and  consumers. TELUS Digital specializes in digital customer experiences and future-focused digital transformations that deliver value for their global clients. Guided by our enduring 'give where we live' philosophy, TELUS, our team members and retirees have contributed C$1.8 billion in cash, in-kind contributions, time and programs including 2.4 million days of service since 2000, earning us the distinction of the world's most giving company.

For more information, visit telus.com or follow @TELUSNews on X and @Darren_Entwistle on Instagram.

Investor Relations
Robert Mitchell
[email protected]

Media Relations
Steve Beisswanger
[email protected]

SOURCE TELUS Corporation

LOS ANGELES, Dec. 04, 2025 (GLOBE NEWSWIRE) -- The DJS Law Group reminds investors of a class action lawsuit against Primo Brands Corporation (“Primo” or “the Company”) (NYSE: PRMB) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of PRMB during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: Purchasers of Primo Water Corporation ("Primo Water") from June 17, 2024 to November 8, 2024, and/or the publicly traded common stock of Primo Brands Corporation from November 11, 2024 to November 6, 2025.

DEADLINE: January 12, 2026

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Primo failed to provide accurate updates about its merger with BlueTriton Brands. The Company claimed the integration was working “flawlessly” when in fact it was failed to accelerate growth or create efficiencies. Based on these facts, Primo’s public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. There is no cost or obligation to you to participate in this case.

WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

David J. Schwartz

DJS Law Group

274 White Plains Road, Suite 1

Eastchester, NY 10709

Phone: 914-206-9742

Email: [email protected]

BRP Inc. (DOOO - Free Report) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +30.68%. A quarter ago, it was expected that this company would post earnings of $0.33 per share when it actually produced earnings of $0.67, delivering a surprise of +103.03%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

BRP, which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $1.63 billion for the quarter ended October 2025, surpassing the Zacks Consensus Estimate by 11.73%. This compares to year-ago revenues of $1.43 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

BRP shares have added about 39.1% since the beginning of the year versus the S&P 500's gain of 16.5%.

What's Next for BRP?While BRP has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for BRP was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.39 on $1.76 billion in revenues for the coming quarter and $3.28 on $5.92 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Original Equipment is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the broader Zacks Auto-Tires-Trucks sector, REV Group (REVG - Free Report) , has yet to report results for the quarter ended October 2025.

This company is expected to post quarterly earnings of $0.78 per share in its upcoming report, which represents a year-over-year change of +52.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

REV Group's revenues are expected to be $647.12 million, up 8.2% from the year-ago quarter.