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BELLEVUE, Wash.--(BUSINESS WIRE)--PACCAR annually recognizes suppliers who exceed PACCAR’s 10 ppm quality standard, or the equivalent of 10 defective parts for every million components shipped to PACCAR. To qualify, suppliers must also meet demanding criteria for customer support and continuous improvement. For 2025, PACCAR recognizes 359 suppliers in 28 countries on five continents for achieving this high level of quality performance.

“PACCAR’s 10 ppm suppliers achieved and sustained exceptional quality in 2025, supporting our commitment to deliver the highest quality trucks and transportation solutions to our customers. This is a remarkable accomplishment given the dynamic market conditions,” said Stephan Olsen, PACCAR vice president of quality.

Laura Bloch, PACCAR senior vice president, said, “PACCAR’s top suppliers continued to improve quality while working on cost management in our competitive landscape. PACCAR develops strong supplier partnerships and is proud to recognize and congratulate these suppliers for achieving 10 ppm quality.”

The list of PACCAR’s 2025 10 ppm award winners worldwide can be found at www.paccar.com.

PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium-, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business. PACCAR shares are listed on Nasdaq Stock Market, symbol PCAR. Its homepage is www.paccar.com.

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LONDON, June 16, 2026 (GLOBE NEWSWIRE) -- More than 95% of average data breach losses and 90% of average first-party losses are adequately covered by insurance, according to the latest report by Willis, a WTW business (NASDAQ:WTW). Cyber claims in Focus – Getting value from cyber insurance analyses 5,500 cyber claims occurring from January 2013 to January 2026 across 95 countries, and around US$1 billion in insurer payments.

Data breaches are the most frequently reported cyber insurance loss, with malicious data breaches accounting for the majority of incidents. Ransomware losses register the highest financial severity, predominantly driven by the disrupted productivity and prolonged downtime that follows incidents. Third-party vendors are responsible for an increasing proportion of losses, and systemic risk from single‑vendor incidents impacting multiple organizations remains a critical concern.

Other key findings include:

The average ransomware event lasts 25 days and the average loss is $5.3 million, with the largest single loss now exceeding $500 million.Artificial intelligence isn't yet appearing as a stand-alone driver of cyber insurance claims but is fueling risk volatility by materially amplifying existing threats such as social engineering, deepfake phishing and ransomware attacks.Events where attackers target organizations’ systems directly account for 58% of ransomware notifications and 95% of total costs, while vendor-led incidents account for 42% of notifications but only 5% of costs.Business interruption losses and ransom payments represent the two largest cost elements for ransomware events. Average ransom demands are now US$3.8 million versus an actual payment of US$1.5 million.Third parties are responsible for nearly 50% of data breach losses and 29% of first-party losses.Pixel-tracking litigation is the hidden cyber insurance risk, with some cases leading to substantial losses across the wider cyber insurance market. The report includes industry spotlights on financial institutions, healthcare, transportation and manufacturing.

Peter Foster, chairman, global FINEX cyber and cyber risk solutions at Willis, said: "Cyber insurance cover varies widely, which is why organizations must understand what they have in place and ensure it aligns with their risk exposures. When cover doesn’t reflect reality, organizations risk critical gaps where protection is needed most, while paying for cover that offers little real value. To get the strongest value from cyber insurance, consideration must reflect the claims patterns seen across the market. Our analysis of claims and loss data provides hints to understand how cyber losses occur and what that means, helping organizations to prioritise the most material scenarios and design coverage around these realities.”

The report can be downloaded here.

About WTW 
At WTW (NASDAQ: WTW) we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.

Learn more at wtwco.com.

Media contacts

Jo Barrett

[email protected] / + 44 7940 703911

Lauren Ryan

[email protected] / +1 845 598 4895

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Waste Management (NYSE:WM | WM Price Prediction) is a stock worth owning for decades because it sits on top of an irreplaceable physical network that prints predictable, inflation-protected cash flow no matter what the broader market does. I have been studying WM for years, and the recent industrial-led pullback that has pushed shares to $216.74, well off the $246.08 52-week high, is exactly the kind of dislocation long-term owners wait years for.

Pillar One: Durability That Cannot Be Replicated You cannot build another WM. Landfill permits take decades to secure, transfer stations sit on irreplaceable real estate, and municipal collection contracts renew with embedded pricing escalators. CEO Jim Fish describes it as an “unreplicable solid waste network” and the math backs him up: WM grew core pricing 6.3% in Q1, expanded collection and disposal margins 110 basis points to 38.5%, and noted that MSW yield came in at 6.9% as competitor landfill capacity comes offline. That is monopoly economics in a regulated industry, paired with a CNG truck fleet that has structurally reduced diesel exposure.

Pillar Two: Income You Can Set and Forget WM has raised its dividend every year from 2009 through 2026, representing 17+ consecutive years of annual increases. The quarterly payout just stepped up to $0.945, an annual run rate of $3.78. Behind the dividend sits enormous cash generation: Q1 free cash flow nearly doubled year over year to $920 million, full-year 2026 FCF guidance is $3.75 billion to $3.85 billion, and management plans to return roughly $3.5 billion to shareholders this year, split between $1.5 billion in dividends and $2 billion in buybacks. In Q1 alone, WM returned about $730 million to owners. The dividend is a byproduct of that cash machine.

Pillar Three: It Survives Every Cycle Trash does not stop in a recession. WM’s beta of 0.457 tells you how the stock behaves when markets convulse, and the Q1 results, delivered through a brutal East Coast winter that shut some facilities for as many as 10 days, still produced net income growth of 13.5%. Recycled commodity prices collapsed from $88/ton to $65/ton year over year and the recycling segment still grew EBITDA 18% thanks to automation. Over the past decade, shares have returned 317% through two bear markets, a pandemic, and a rate-hike cycle.

When WM Will Disappoint You WM will lag, badly at times, when speculative growth and AI names rip. In the year since June 2025, shares are down 6% while the broader market climbed. That is the price of admission for a defensive compounder, and it does not change the thesis. You are buying WM so that the income shows up and the network keeps compounding while everything else swings, accepting that it will lag the Invesco QQQ Trust (NASDAQ:QQQ) in a melt-up.

Worth noting: eight directors bought stock on May 15, 2026 at $220.71 per share. Boards rarely line up like that unless they see the same thing patient owners see, which is a high-quality compounder marked down by a market focused elsewhere. For investors who believe predictable cash flow and an irreplaceable physical network outweigh the opportunity cost of lagging during AI-led rallies, WM fits a long-duration, income-reinvestment mandate.

WisdomTree Investments marked 20 years of operation this week, per a release from the firm. The firm launched its first 20 ETFs on June 16, 2006, with an approach the firm called “Modern Alpha.” That approach entails fundamentally weighted, income-focused strategies that look to marry passive and active strengths. 

Key Takeaways: WisdomTree’s 20th anniversary comes as it celebrates more than $160 billion in global AUM. The firm’s top ETF by AUM, USFR, has some $17.4 billion of that. The shop has also dived into SMAs, models, private markets, and blockchain-enabled offerings. WisdomTree currently has approximately $164.8 billion in assets under management globally, according to the release. That includes assets managed by Ceres Partners, LLC, as of last financial reporting. 

The 20-year anniversary for the shop comes as its WisdomTree Floating Rate Treasury Fund (USFR) sits as its largest ETF by AUM. The ETF has $17.5 billion in AUM, according to ETF Database data, with the strategy representing an intriguing fixed income option.

The asset manager, which began with ETFs, now also offers SMAs, model portfolios, and private market solutions, per the release. 

““Twenty years ago, we started WisdomTree with the belief that investors deserved something better — smarter exposures, better structures, more thoughtful portfolio construction, and a firm willing to innovate ahead of where the industry was going,” said Jonathan Steinberg, founder and CEO of WisdomTree.

“Our first 17 years were about building the foundation and establishing ourselves as a leader in ETFs,” he added. “We crossed $100 billion in assets under management during that period. Over the last three years alone, we have added another approximately $75 billion in AUM, reflecting accelerating momentum across the business and the broadening of our platform.”

See more: WisdomTree Office Hours: Unlocking Value in Laddered Munis The firm’s suite of ETFs and other products will continue to hold an important place in the ETF landscape. From USFR to its other funds, its modern alpha approach could continue to intrigue in a competitive landscape. 

For more news, information, and analysis, visit the Modern Alpha Content Hub.

Wave Life Sciences (WVE - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Wave Life Sciences basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Wave Life Sciences imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for Wave Life SciencesThis biopharmaceutical company is expected to earn -$1.16 per share for the fiscal year ending December 2026, which represents no year-over-year change.

Analysts have been steadily raising their estimates for Wave Life Sciences. Over the past three months, the Zacks Consensus Estimate for the company has increased 12.5%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Wave Life Sciences to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

FILE PHOTO: Coal barges are pictured as they queue to be pulled along Mahakam river in Samarinda, East Kalimantan province, Indonesia, August 31, 2019. Picture taken August 31, 2019.... Purchase Licensing Rights, opens new tab Read more

SummaryLNG crunch pushes Newcastle coal index to near 2-year highIndonesia output down, policy chaos seen driving exports lowerEl Nino could fuel Asian demand surgeRussia supply woes add to tightening global coal marketSINGAPORE/BEIJING, June 16 (Reuters) - A deadly mining accident in China's biggest coal-producing region and mounting ​policy chaos around Indonesian exports are choking global supplies, which analysts and industry officials say could boost prices as liquefied natural ‌gas (LNG) supplies remain tight due to the U.S.-Israeli war on Iran.

The war in Iran halted shipping in the Strait of Hormuz - through which, during normal times, a fifth of global oil and LNG supplies passes - triggering purchases of high-grade coal by Japan and South Korea and pushing the Newcastle benchmark to near two-year highs of over $150 a metric ton.

The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.

However, purchases of lower-grade coal - ​typically from top exporter Indonesia - have been soft due to tepid demand from China and India, which have leaned upon sufficient inventories and ​renewable output to meet power demand.

That is changing after a fatal explosion at a Shanxi mine last month, analysts say, with ⁠the accident triggering sweeping safety inspections in the province and tightening domestic supplies.

China's June thermal coal imports are expected to rise 27.6% from a year earlier ​to 27.8 million metric tons to meet higher seasonal demand as local supply tightens, DBX Commodities CEO Alexandre Claude said - a substantial increase relative to tepid demand until ​May.

In addition, Indonesia's plan to bring all coal exports under the control of a new state-run company called Danantara has compounded the uncertainty.

"Shanxi safety curbs, Indonesia's Danantara transition tightened seaborne supply," Claude said. "The inventory cushion has thinned. With demand firm and supply constrained, near-term price risk remains skewed to the upside."

For the first four months of this year, Indonesia's thermal coal production ​was down 7% from a year earlier, said Scott Dendy, the executive director at McCloskey, a consultancy. He added that exports could decline by about ​11% this year to 446 million tons if production tracks current pace.

The disruptions come as Southeast Asian economies that typically buy Indonesian coal are cranking up their coal-fired power capacity.

Hotter weather ‌is driving ⁠higher coal use in Vietnam and the Philippines, while tighter gas supplies in Thailand are expected to push imports higher this year, said Vasudev Pamnani, director at India-based I-Energy Resources.

FALLOUT FROM IRAN WAR, EL NINO INCOMINGThe fallout from the Iran war alone is expected to drive an additional 70 million tons of coal consumption across the Asia-Pacific region in 2026, consultancy Rystad Energy said in a June note.

While LNG supplies are expected to rise after the U.S. and Iran agreed on ​a framework to reopen the Strait of Hormuz, ​officials say a return to normal supply ⁠levels will take weeks and getting back to pre-war production levels could take years.

That additional demand comes as global supply is expected to decline 5.7% to 985 million tons in 2026, said Bryan Lim, business development manager at Argus, a consultancy, ​with analysts expecting an approaching El Nino to further boost demand.

Peng Qihua, associate professor at Nanjing University's School ​of Atmospheric Sciences, said ⁠drought-like conditions in northern China could hurt hydropower output and hotter weather could drive air-conditioning demand.

Lower hydropower output typically pushes coal use higher in China. And major coal producers are also facing issues affecting their exports, McCloskey's Dendy said.

In Russia, the world's third-largest coal exporter, output is down as roughly two-thirds of producers are operating at a ⁠loss due to ​a stronger rouble and rising transportation costs, he said.

Dendy expects Australia's exports to rise this ​year, but analysts expect higher mining costs and restricted diesel supplies to choke output.

South Africa is drawing increased interest from Indian buyers seeking alternatives to uncertain Indonesian supplies, Pamnani said, but DBX expects "lumpy ​vessel clearances and shipment timing" to hurt exports in June.

Reporting by Sudarshan Varadhan in Singapore and Sam Li and Colleen Howe in Beijing; Editing by Thomas Derpinghaus

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Sudarshan currently reports on the evolving energy landscape in Asia, as the region tries to strike a balance between ensuring reliable electricity supply and fighting climate change. In his previous avatar, he reported on sanctions-era global trade, human rights violations, labor movements, environmental offences and natural disasters in India for six years. During his nine years as a Reuters correspondent, he has attempted to lend a global perspective to small-town issues.

A tree decorates the lounge of Houston-based liquefied natural gas company Cheniere during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 13, 2023. REUTERS/Chris... Purchase Licensing Rights, opens new tab Read more

CompaniesHOUSTON, June 16 (Reuters) - Cheniere Energy (LNG.N), opens new tab does not expect developing countries to rely solely on the U.S. for ​their energy security, its Chief Financial Officer, Zach Davis, said on ‌Tuesday.

“I don’t see many countries in the developing world, especially at this moment in time, trusting 100% of their energy security to the U.S.,” Davis told an engineering, procurement ​and construction conference in Houston.

The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.

His comments came as details started to emerge ​of an interim deal to end the U.S.-Iran war and reopen ⁠the Strait of Hormuz, a key waterway that carried roughly 20% of ​global oil and gas supplies before it was blocked off by the conflict ​earlier this year. Qatar's LNG exports, which flow through the strait, have been severely disrupted since.

Davis said diversification of liquefied natural gas supply is critical for emerging economies, helping ensure ​affordability and reduce risks to supply. He added that Qatar plays an important ​role in global LNG markets and said Cheniere would welcome its fuller return, as it ‌would ⁠enhance supply diversity.

Qatar’s LNG is typically priced against Brent crude, unlike U.S. cargoes which are linked to Henry Hub gas prices, offering buyers a wider range of pricing options, Davis said.

Cheniere, the largest LNG exporter in the U.S. and ​the world’s second-largest producer, ​is prioritizing long-term ⁠demand growth over short-term gains from elevated LNG prices, he added.

“Creating demand is more important than capturing margins in ​the current price environment,” Davis said.

He said the company remains ​disciplined in ⁠its expansion strategy, focusing on shareholder value rather than scale.

While Cheniere has the financial capacity to fund a $20 billion expansion, it has opted to approve a smaller, ⁠roughly $6 ​billion expansion at its Sabine Pass facility.

“We’re focused ​on creating value, not chasing the title of the world’s largest LNG company,” Davis said.

Reporting by Curtis ​Williams in Houston; Editing by Chizu Nomiyama and Nathan Crooks and Aurora Ellis

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NEW YORK--(BUSINESS WIRE)--Perfect Corp. (NYSE: PERF), the global leader in AI and augmented reality (AR) beauty technology, today announced the expansion of its YouCam API platform to feature the industry's most comprehensive AI Hair & Beard API portfolio. With 11 dedicated hair and beard APIs now available, Perfect Corp. is the only provider on the market to offer a complete suite spanning both virtual try-on and AI-powered hair diagnostics in a single, developer-ready integration. Settin.

June 16, 2026 Monday's MarketsS&P 500
7,554 (+1.65%)Nasdaq
26,684 (+3.07%)Dow
51,671 (+0.92%)Bitcoin
$66,555 (+4.17%)

Source: Image created by Jester AI.

1. Qualcomm Eyes Tenstorrent Buyout The Information reports Qualcomm (QCOM 3.05%) is in talks to buy AI chip start-up Tenstorrent to target new markets, while its CEO revealed the company is also working on over 40 designs of new AI devices, as commercial use cases expand. Recommended by both Team Hidden Gems and Team Rule Breakers, the stock rose around 4% in pre-market trading.

Acquisition would reduce dependence on the cyclical handset market: The purchase of Tenstorrent, expected to be in the $8 billion to $10 billion range, would allow Qualcomm to pursue other growing market segments, such as data center processors and autonomous vehicle chips. "All the devices that we wear become endpoints for agents": Qualcomm CEO Cristiano Amon said his company is trialing various wearable tech devices, ranging from jewelry to earbuds with cameras. In particular, he's very optimistic about the growth of smartglasses. 2. Nvidia Set to Launch Historic Bond Sale Nvidia (NVDA 2.16%) disclosed plans for a capital raise, with sources saying at least $20 billion in debt will be targeted. A company spokesperson noted the proceeds will be used "for general corporate purposes."

First bond sale since the AI boom started in 2021: The move follows the likes of Alphabet (GOOG +1.19%) and Amazon (AMZN +0.05%), both tapping capital markets recently for additional funds to pursue AI infrastructure and related projects. "Nvidia is looking to return 50% of the company's cash flow to shareholders in the forms of stock buybacks and dividends": The move shouldn't be interpreted as a sign of cash flow problems, with Fool contributing analyst Danny Vena, CPA, saying "when I look at the fact that they just boosted their dividend 25-fold, Nvidia just became my biggest dividend payer in my portfolio."

3. AMD Jumps on MEXT Memory Purchase

Advanced Micro Devices (AMD 7.05%) closed yesterday 7% higher as news broke of it acquiring MEXT, a memory tech company, enabling improved system efficiency and lower operating costs going forward.

"Customers are increasingly facing a common challenge: access to memory": As AMD acknowledged the memory-related bottlenecks, MEXT has developed innovative AI-powered predictive memory technology that expands usable memory capacity without compromising performance. Rising memory prices present an ongoing headache: The need to find solutions for the elevated cost of memory is clear, with AMD saying every category of enterprise compute now requires it. The stock is outperforming the S&P 500 by 154% since the January 2024 Stock Advisor recommendation by Team Rule Breakers. 4. Tell the SEC: Individual Investors Deserve More Information, Not Less The SEC is proposing to cut your information in half. The agency wants to allow public companies to switch from quarterly to semiannual financial reporting – reducing the information you receive from the businesses you own from four times a year to two.

The stated rationale doesn't hold up. This change has been tested in the real world. When the UK tried it, companies didn't invest more long term. Executives didn't stop chasing short-term targets. All that changed was that individual investors had less information to work with.

Your voice can stop it. The SEC's public comment window closes July 6, 2026. Submit a comment, mention The Motley Fool Community, and tell the SEC that individual investors deserve more transparency, not less.

We've done this before. Twenty-six years ago, this community helped change federal securities law. Fools wrote the majority of the comment letters that got Regulation Financial Disclosure (Reg FD) passed. We can do it again. #Savethe10Q!

"I strongly agree that this is a bad move for individual investors – it creates opacity and undermines trust." -- David Gardner, co-founder of The Motley Fool

Fight the SEC plan to halve your data

5. Today's Take: Fully Invested or Cash on Hand?

I keep cash on the side for buying and add to that periodically, so that I don't need to make any spur of the moment selling decisions to fund investments. I increase my cash on hand if I think the market is overly hot, which means extra cash for opportunistic buys when the market inevitably cools.-- Alicia Alfiere Team Rule Breakers

With the market near all-time highs and toward the historic top of most valuation metrics, I'm currently in cash-accumulate mode. Right now, about 7% of my portfolio is cash, which is on the high end for me.-- Matt Frankel Team Hidden Gems

6. Your Take Which of the following Hidden Gems recs – all with a positive performance but still lagging the S&P 500 since being recommended in the last two years – do you think has the best chance of beating the market over the next 3-5 years, and (importantly) why? EQT (EQT +1.22%), IBM (IBM +0.78%), or L3Harris Technologies (LHX +2.25%).

Debate with friends and family, or become a member to hear what your fellow Fools are saying!

This image and article was created using Large Language Models (LLMs) based on The Motley Fool's insights and investing approach. It has been reviewed by our AI quality control systems. Since LLMs cannot (currently) own stocks, it has no positions in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, EQT, International Business Machines, L3Harris Technologies, Nvidia, and Qualcomm. The Motley Fool has a disclosure policy.

Yum! Brands Inc (NYSE:YUM) announced on Tuesday that it has entered into definitive agreements to sell Pizza Hut for a combined value of approximately $2.7 billion, as the restaurant operator sharpens its focus on its remaining brands, which include KFC and Taco Bell, and capital allocation priorities.

Under the agreements, private equity firm LongRange Capital will acquire Pizza Hut operations outside Mainland China for about $1.5 billion, while Yum China Holdings (NYSE: YUMC) will purchase Pizza Hut China for approximately $1.2 billion.

The transactions are subject to customary closing conditions and regulatory approvals and are expected to close in the third quarter of 2026.

The sale follows a strategic review of Pizza Hut that began in November 2025. Yum! said its leadership team and board concluded that separate ownership structures would provide the best path for the pizza chain's future growth while maximizing value for shareholders.

“These transactions enable Yum! to be a more focused company that continues to leverage scale, technology and talent to accelerate our raising the B.A.R. priorities and deliver sustained value for our stakeholders,” Yum! CEO Chris Turner said in a statement.

Turner added that Pizza Hut would be positioned for future growth under owners with restaurant industry expertise and described the brand as one of the most iconic restaurant chains in the world.

As part of the transaction with LongRange, Yum! may receive an additional earn-out payment of up to $75 million by 2030. Excluding that potential payment, the company expects to receive approximately $2.3 billion in net proceeds after taxes, closing adjustments and transaction-related fees.

Yum! said it expects to incur about $85 million in one-time expenses during the remainder of 2026 related to separating the business.

The company will continue providing its proprietary Byte by Yum! technology platform to Pizza Hut Ex-China and will also offer certain corporate services under a transition agreement to support the separation process.

Yum! and Yum China said they will maintain their partnership following the transaction. The companies agreed to financial incentives tied to future growth in KFC China's system sales and will continue collaborating on long-term expansion plans for Taco Bell in Mainland China.

Alongside the sale announcement, Yum!'s board authorized an additional $4 billion share repurchase program. The company said the net proceeds from the transactions will be used in line with its capital allocation strategy, including investments in the business and returning excess capital to shareholders.

Yum! plans to provide additional details regarding the financial impact of the sale and any updates to its 2026 outlook during its second-quarter earnings conference call on July 30.

Shares of Yum! traded up 2.5% on the news.

Someone “outpizzaed” the hut.

Yum! Brands said Tuesday it is selling Pizza Hut for $2.7 billion, after years of lagging sales at the pizza chain.

Private-equity firm LongRange Capital has agreed to acquire Pizza Hut’s operations, excluding mainland China, for roughly $1.5 billion. Yum China Holdings will purchase operations in mainland China in a separate deal worth $1.2 billion.

Yum! Brands on Tuesday announced it is selling Pizza Hut for $2.7 billion. Christopher Sadowski The deals – which are expected to close in the third quarter – come as little surprise after Yum! launched a strategic review last November while Pizza Hut continually churned out weaker results than sister brands Taco Bell and KFC.

Shares in Louisville, Ky.-based Yum! jumped 1.9% Tuesday after it said the sales will provide it with “the strongest path to maximize shareholder value” and allow it to focus on its stronger brands.

With US sales at Pizza Hut falling for about two years, the chain has consistently lost market share to Domino’s Pizza – which snagged its title as the largest pizza-restaurant operator in the country in 2017.

“Under LongRange and Yum China, Pizza Hut will be well positioned for future growth with ownership that brings deep expertise in the restaurant industry,” said Yum! CEO Chris Turner, who took the helm last October and argued for a sale of the pizza segment.

Fast-food pizza chains have been ailing as cash-strapped consumers cut back and third-party delivery apps eat into profits. US sales across the category dropped 0.3% last year from 2024, according to market-research firm Technomic.

As of 2025, Pizza Hut operated about 6,300 stores in the US, its largest market. It has nearly 20,000 locations worldwide across 108 countries.

Earlier this year, Yum! announced it was closing around 250 underperforming US Pizza Huts. Papa John’s has been shuttering dozens of locations, too.

In a last-ditch effort to turn around sales, Pizza Hut added flashy items to its US menus, including a Crispy Parm Pan Pizza, and launched new deals and a membership program.

Pizza Hut has continually churned out weaker results than sister brands Taco Bell and KFC. NurPhoto via Getty Images It also attempted to lean into fans’ nostalgia, bringing back its Book It! reading program. That rewards elementary schoolers with a free personal pan pizza for hitting reading goals.

China, its second-largest market, has been a bright spot for Pizza Hut – which is the biggest casual dining brand in the country. It operates 4,375 restaurants in China, selling steak and pasta in addition to the mainstay of pizza.

Yum! said it expects to rake in about $2.3 billion in net proceeds from both deals. It also anticipates one-time expenses of roughly $85 million through the rest of 2026 tied to the sales.

LongRange, the private-equity firm acquiring Pizza Hut, earlier this year agreed to buy 24 Hour Fitness. It and also owns Batesville, a company that makes caskets and cremation urns.

Yum! announced earlier this year it was closing around 250 underperforming US Pizza Hut stores. Christopher Sadowski Pizza Hut was founded by brothers Dan and Frank Carney in 1958 in Wichita, Kan.

It quickly grew into the largest pizza chain in the world, and in 1977, it was bought by PepsiCo.

The soda giant spun off its restaurant business in 1997, combining Pizza Hut under the same holding company as Taco Bell and KFC.

Over the past few years, Pizza Hut has moved away from its traditional, sit-down layout with a salad bar to focus more on delivery services – but has failed to win back customers en masse.

Yalla Group is rated BUY, with 40–80% upside to $7.50–$9.60/share, driven by robust gaming growth and a significant buyback yield. YALA's top-of-funnel metrics remain strong, with MAU up 7.7% y/y, supporting long-term growth in both chatting and gaming services. The $150mn share repurchase plan over 24 months implies a 9% annualized buyback yield, underpinned by a market cap near net cash value.

BEIJING, June 17, 2026 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading AI-powered application service provider focused on personalized learning solutions, today announced its unaudited financial results for the first quarter of 2026.

First Quarter 2026 Highlights1

Net revenues were RMB99.5 million (US$14.4 million), compared with net revenues of RMB21.7 million in the first quarter of 2025.Gross margin was 61.9%, compared with 36.2% in the first quarter of 2025.Net loss was RMB19.4 million (US$2.8 million), compared with net loss of RMB30.9 million in the first quarter of 2025.Net loss as a percentage of net revenues was negative 19.5% in the first quarter of 2026, compared with negative 142.8% in the first quarter of 2025.Adjusted net loss2 (non-GAAP), which excluded share-based compensation expenses of RMB4.2 million (US$0.6 million), was RMB15.1 million (US$2.2 million), compared with adjusted net loss (non-GAAP) of RMB22.4 million in the first quarter of 2025.Adjusted net loss (non-GAAP) as a percentage of net revenues was negative 15.2% in the first quarter of 2026, compared with negative 103.4% adjusted net loss (non-GAAP) as a percentage of net revenues in the first quarter of 2025.     1For a reconciliation of non-GAAP numbers, please see the table captioned “Reconciliations of non-GAAP measures to the most comparable GAAP measures” at the end of this press release.2Adjusted net loss represents net loss excluding share-based compensation expenses, as well as income tax effect.
Mr. Andy Liu, Founder, Chairman and Chief Executive Officer of the Company commented, “We are pleased with our strong first quarter results. During the quarter, revenue more than quadrupled year-over-year and increased by 155% sequentially, primarily driven by the growth of Yiqi Aixue, our consumer-facing AI application service for personalized learning.

“Leveraging over a decade of large-scale, longitudinal educational insights accumulated across diverse teaching and learning scenarios, deep user engagement, and our growing AI capabilities, we will continue investing in AI-powered application services that support intelligent teaching and personalized learning. We believe these efforts will strengthen our overall product ecosystem and serve as a key driver of the Company's long-term growth.”

Ms. Sishi Zhou, Chief Financial Officer of the Company, commented, “We delivered significant improvement in our financial performance during the first quarter of 2026. Revenue growth, coupled with disciplined cost management and improving operating leverage, contributed to a 37.4% year-over-year and 63.5% quarter-over-quarter reduction in GAAP net loss. These results highlight the growing contribution of our AI-powered application services and our continued focus on balancing growth with operational discipline.”

“Meanwhile, the Company maintained a strong cash position of RMB352.4 million (US$51.1 million), providing financial flexibility to support future product innovation and strategic initiatives. Looking ahead, we will continue to allocate capital prudently while investing in the long-term development of our AI-powered application service portfolio,” she added.

First Quarter 2026 Unaudited Financial Results

Net Revenues

Net revenues for the first quarter of 2026 were RMB99.5 million (US$14.4 million), representing a year-over-year increase of 359.0% from RMB21.7 million in the first quarter of 2025. The substantial revenue growth was primarily driven by the continued expansion of Yiqi Aixue, the Company's consumer-facing AI application service, together with ongoing contributions from district-level and school-based projects.

Cost of Revenues

Cost of revenues for the first quarter of 2026 was RMB37.9 million (US$5.5 million), representing a year-over-year increase of 173.7% from RMB13.8 million in the first quarter of 2025. The increase in cost of revenues was primarily attributable to the continued growth of Yiqi Aixue and related service delivery costs.

Gross Profit and Gross Margin

Gross profit for the first quarter of 2026 was RMB61.6 million (US$8.9 million), compared with RMB7.8 million in the first quarter of 2025, representing a year-over-year increase of approximately 686%.

Gross margin for the first quarter of 2026 was 61.9%, compared with 36.2% in the first quarter of 2025, representing an improvement of 25.7 percentage points. The increase in gross margin was primarily attributable to the growing contribution of the Company's AI-powered application services and the continued optimization of the Company's revenue mix.

Total Operating Expenses

The following table sets forth a breakdown of operating expenses by amounts and percentages of revenue during the periods indicated (in thousands, except for percentages):

  For the three months ended March 31,   2025  2026     Year-   RMB  %  RMB  USD  %  over-year Sales and marketing expenses  13,013   60.1%  43,201   6,263   43.4%  232.0%Research and development expenses  12,592   58.1%  16,187   2,347   16.3%  28.5%General and administrative expenses  16,101   74.3%  23,487   3,405   23.6%  45.9%Total operating expenses  41,706   192.5%  82,875   12,015   83.3%  98.7%
Total operating expenses for the first quarter of 2026 were RMB82.9 million (US$12.0 million), including RMB4.2 million (US$0.6 million) of share-based compensation expenses, representing a year-over-year increase of 98.7% from RMB41.7 million in the first quarter of 2025.

Sales and marketing expenses for the first quarter of 2026 were RMB43.2 million (US$6.3 million), including RMB0.8 million (US$0.1 million) of share-based compensation expenses, representing a year-over-year increase of 232.0% from RMB13.0 million in the first quarter of 2025. The increase was primarily attributable to increased sales and marketing investments supporting the continued expansion of Yiqi Aixue.

Research and development expenses for the first quarter of 2026 were RMB16.2 million (US$2.3 million), including RMB1.7 million (US$0.2 million) of share-based compensation expenses, representing a year-over-year increase of 28.5% from RMB12.6 million in the first quarter of 2025. The increase in research and development expenses was primarily attributable to continued investment in AI capability development and higher personnel-related costs associated with research and development activities.

General and administrative expenses for the first quarter of 2026 were RMB23.5 million (US$3.4 million), including RMB1.7 million (US$0.2 million) of share-based compensation expenses, representing a year-over-year increase of 45.9% from RMB16.1 million in the first quarter of 2025. The increase in general and administrative expenses was primarily attributable to higher personnel-related costs associated with supporting the Company's business growth and strategic initiatives, and provision for credit losses from accounts receivable in ordinary business course.

Loss from Operations

Loss from operations for the first quarter of 2026 was RMB21.3 million (US$3.1 million), compared with RMB33.9 million in the first quarter of 2025. Loss from operations as a percentage of net revenues for the first quarter of 2026 was negative 21.4%, compared with negative156.3% in the first quarter of 2025.

Net Loss

Net loss for the first quarter of 2026 was RMB19.4 million (US$2.8 million), compared with net loss of RMB30.9 million in the first quarter of 2025. Net loss as a percentage of net revenues was negative 19.5% in the first quarter of 2026, compared with negative 142.8% in the first quarter of 2025.

Adjusted Net Loss (non-GAAP)

Adjusted net loss (non-GAAP) for the first quarter of 2026 was RMB15.1 million (US$2.2 million), compared with adjusted net loss (non-GAAP) of RMB22.4 million in the first quarter of 2025. Adjusted net loss (non-GAAP) as a percentage of net revenues was negative 15.2% in the first quarter of 2026, compared with negative 103.4% in the first quarter of 2025.

Please refer to the table captioned “Reconciliations of non-GAAP measures to the most comparable GAAP measures” at the end of this press release for a reconciliation of net loss under U.S. GAAP to adjusted net loss (non-GAAP).

Cash and Cash Equivalents, Restricted Cash and Term Deposit

Cash and cash equivalents, restricted cash and term deposit were RMB352.4 million (US$51.1 million) as of March 31, 2026, compared with RMB407.0 million as of December 31, 2025.

Conference Call Information

The Company will hold a conference call on Tuesday, June 16, 2026 at 9:00 p.m. U.S. Eastern Time (Wednesday, June 17, 2026 at 9:00 a.m. Beijing time) to discuss the financial results for the first quarter of 2026.

Please note that all participants will need to preregister for the conference call participation by navigating to https://register-conf.media-server.com/register/BId337aadf8452470ca9207c6219b9093d.

Upon registration, you will receive an email containing participant dial-in numbers, and PIN number. To join the conference call, please dial the number you receive, enter the PIN number, and you will be joined to the conference call instantly.

Additionally, a live and archived webcast of this conference call will be available at https://ir.17zuoye.com/.

Non-GAAP Financial Measures

17EdTech’s management uses adjusted net loss as a non-GAAP financial measure to gain an understanding of 17EdTech’s comparative operating performance and future prospects.

Adjusted net loss represents net loss excluding share-based compensation expenses and such adjustment has no impact on income tax.

Adjusted net loss is used by 17EdTech’s management in their financial and operating decision-making as a non-GAAP financial measure; because management believes it reflects 17EdTech’s ongoing business and operating performance in a manner that allows meaningful period-to-period comparisons. 17EdTech’s management believes that such non-GAAP measure provides useful information to investors and others in understanding and evaluating 17EdTech’s operating performance in the same manner as management does, if they so choose. Specifically, 17EdTech believes the non-GAAP measure provides useful information to both management and investors by excluding certain charges that the Company believes are not indicative of its core operating results.

The non-GAAP financial measure has limitations. It does not include all items of income and expense that affect 17EdTech’s income from operations. Specifically, the non-GAAP financial measure is not prepared in accordance with GAAP, may not be comparable to non-GAAP financial measures used by other companies and, with respect to the non-GAAP financial measure that excludes certain items under GAAP, does not reflect any benefit that such items may confer to 17EdTech. Management compensates for these limitations by also considering 17EdTech’s financial results as determined in accordance with GAAP. The presentation of this additional information is not meant to be considered superior to, in isolation from or as a substitute for results prepared in accordance with US GAAP.

Exchange Rate Information

The Company’s business is primarily conducted in China and all of the revenues are denominated in Renminbi (“RMB”). However, periodic reports made to shareholders will include current period amounts translated into U.S. dollars (“USD” or “US$”) using the exchange rate as of balance sheet date, for the convenience of the readers. Translations of balances in the consolidated balance sheets and the related consolidated statements of operations, comprehensive loss, change in shareholders’ deficit and cash flows from RMB into USD as of and for the three months ended March 31, 2026 are solely for the convenience of the readers and were calculated at the rate of US$1.00=RMB6.8980 representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on March 31, 2026. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on March 31, 2026, or at any other rate.

About 17 Education & Technology Group Inc.

17 Education & Technology Group Inc. is a leading AI-powered application service provider in China, focused on personalized learning solutions. Leveraging over a decade of large-scale, longitudinal educational insights accumulated from daily teaching and learning interactions across diverse scenarios, alongside deep user engagement, and advanced AI capabilities, the Company develops application services that help students learn more effectively, empower educators, and drive innovation across the education ecosystem.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about 17EdTech’s beliefs and expectations, are forward-looking statements. 17EdTech may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: 17EdTech’s growth strategies; its future business development, financial condition and results of operations; its ability to continue to attract and retain users; its ability to carry out its business and organization transformation, its ability to implement and grow its new business initiatives; the trends in, and size of, China’s online education market; competition in and relevant government policies and regulations relating to China's online education market; its expectations regarding demand for, and market acceptance of, its products and services; its expectations regarding its relationships with business partners; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in 17EdTech’s filings with the SEC. All information provided in this press release is as of the date of this press release, and 17EdTech does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

17 Education & Technology Group Inc.
Ms. Lara Zhao
Investor Relations Manager
E-mail: [email protected]

17 EDUCATION & TECHNOLOGY GROUP INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands of RMB and USD, except for share and per ADS data, or otherwise noted)   As of December 31,  As of March 31,   2025  2026  2026   RMB  RMB  USD ASSETS         Current assets         Cash and cash equivalents  246,448   174,603   25,312 Restricted cash  49   49   7 Term deposits  160,471   177,726   25,765 Accounts receivable, net  42,577   42,260   6,126 Prepaid expenses and other current assets, net  101,135   78,029   11,312 Total current assets  550,680   472,667   68,522 Non-current assets         Property and equipment, net  22,455   21,666   3,141 Right-of-use assets  15,003   13,747   1,993 Other non-current assets  2,385   2,375   344 TOTAL ASSETS  590,523   510,455   74,000 LIABILITIES         Current liabilities         Accrued expenses and other current liabilities  123,280   123,509   17,905 Deferred revenue and advances from customers, current  165,939   104,485   15,147 Operating lease liabilities, current  4,992   4,712   683 Total current liabilities  294,211   232,706   33,735    As of December 31,  As of March 31,   2025  2026  2026   RMB  RMB  USD Non-current liabilities         Operating lease liabilities, non-current  9,684   8,659   1,255 TOTAL LIABILITIES  303,895   241,365   34,990 SHAREHOLDERS' EQUITY         Class A ordinary shares  256   256   37 Class B ordinary shares  140   140   20 Treasury stock  (42)  (42)  (6)Additional paid-in capital  11,126,837   11,131,062   1,613,665 Accumulated other comprehensive income  77,527   75,122   10,891 Accumulated deficit  (10,918,090)  (10,937,448)  (1,585,597)TOTAL SHAREHOLDERS' EQUITY  286,628   269,090   39,010 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY  590,523   510,455   74,000  17 EDUCATION & TECHNOLOGY GROUP INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands of RMB and USD, except for share and per ADS data, or otherwise noted)   For the three months ended March 31,   2025  2026  2026   RMB  RMB  USD Net revenues  21,668   99,452   14,418 Cost of revenues  (13,835)  (37,871)  (5,490)Gross profit  7,833   61,581   8,928 Operating expenses (Note 1)         Sales and marketing expenses  (13,013)  (43,201)  (6,263)Research and development expenses  (12,592)  (16,187)  (2,347)General and administrative expenses  (16,101)  (23,487)  (3,405)Total operating expenses  (41,706)  (82,875)  (12,015)Loss from operations  (33,873)  (21,294)  (3,087)Interest income  2,676   1,773   257 Foreign currency exchange loss  (67)  (9)  (1)Other income, net  320   172   25 Loss before provision for income tax  (30,944)  (19,358)  (2,806)Income tax expenses  —   —   — Net loss  (30,944)  (19,358)  (2,806)Net loss available to ordinary shareholders of 17  (30,944)  (19,358)  (2,806)Education & Technology Group Inc.         Net loss per ordinary share         Basic and diluted  (0.07)  (0.04)  (0.01)Net loss per ADS (Note 2)         Basic and diluted  (3.50)  (2.00)  (0.29)Weighted average shares used in calculating net loss per
ordinary share         Basic and diluted  462,312,173   542,745,242   542,745,242           Note 1: Share-based compensation expenses were included in the operating expenses as follows:             For the three months ended March 31,   2025  2026  2026   RMB  RMB  USD Share-based compensation expenses:         Sales and marketing expenses  2,093   847   123 Research and development expenses  2,397   1,692   245 General and administrative expenses  4,056   1,703   247 Total  8,546   4,242   615           Note 2: Each one ADS represents fifty Class A ordinary shares.          17 EDUCATION & TECHNOLOGY GROUP INC.Reconciliations of non-GAAP measures to the most comparable GAAP measures(In thousands of RMB and USD, except for share, per share and per ADS data)    For the three months ended March 31,   2025  2026  2026   RMB  RMB  USD Net Loss  (30,944)  (19,358)  (2,806)Share-based compensation  8,546   4,242   615 Income tax effect  —   —   — Adjusted net loss  (22,398)  (15,116)  (2,191)

Zimmer Biomet Holdings trades at a steep valuation discount despite strong free cash flow and high margins. ZBH's entrenched position in orthopedic implants, robust cash generation, and loyal installed base underpin reliable earnings. Recent results show net sales up 9.3%, adjusted EPS up 15.5%, and adjusted gross margin rising to 73.0%.

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Databolt Connect empowers secure, multi-party data sharing powered by Databricks Apps and Clean Rooms

SAN FRANCISCO--(BUSINESS WIRE)--Databricks Data + AI Summit – Capital One Software, the enterprise B2B software business of Capital One, today announced Databolt Connect, a purpose-built, lightweight application that facilitates secure, multi-party data collaboration in Databricks. Available in the Databricks Marketplace, an open marketplace for data, analytics, and AI, powered by OpenSharing, Databolt Connect provides privacy-preserving linking of sensitive datasets to enable groundbreaking research and analytics.

“Across the board, organizations make impossible tradeoffs across regulatory compliance, security and the sharing data needed to grow their business,” said Prashant Prahlad, SVP, Product, Capital One Software. “By expanding our collaboration capabilities in Databolt and launching it on Databricks Marketplace, we’re enabling organizations to protect sensitive data assets natively within Databricks. This allows our customers to safely unlock the full potential of their data and accelerate collaboration, balancing the drive for innovation with a strong commitment to security and compliance."

For example, Health and Life Sciences (HLS) organizations possess highly sensitive data that could power breakthrough discoveries and innovation. However, this raw data often cannot be shared due to privacy regulations, as well as security and competitive risks. With the Databolt Connect App on Databricks Marketplace, users can securely prepare and link datasets within Databricks Clean Rooms without raw data ever leaving their environment. By eliminating the need to expose sensitive data, it helps organizations maintain compliance and security.

Key capabilities of Databolt Connect include:

Zero-Trust and Native to Databricks: The data preparation, tokenization, and secure linking process executes exclusively within an organization’s controlled Databricks instance. The architecture is designed so that raw, sensitive data never leaves the customer’s environment and is not exposed to any third party, helping organizations strengthen security, privacy and compliance controls. Data Protection for HIPAA Regulated Data: The app allows for the application of customizable rules, including one-way, irreversible tokenization and generalization, for example, converting dates to year-only and full ZIP codes to 3-digit prefixes. These features are designed to generate unique, client-specific encrypted tokens that support secure record linkage and can support HIPAA de-identification workflows. Secure Record Linking: Multiple parties can bring their tokenized data into a shared Databricks Clean Room. Databolt Connect securely joins these datasets using the protected tokens, enabling high-value joint analysis while maintaining privacy for sensitive identifiers. Customers consistently ask us for easier, more secure ways to discover, access, and share data and AI assets across their organizations and ecosystems," said Stephen Orban, SVP, Product Ecosystem & Partnerships at Databricks. "By bringing Capital One Software's Databolt Connect app to the Databricks Marketplace, we're helping our joint customers, such as in Health and Life Sciences, collaborate on their data with confidence — accelerating innovation and unlocking more value from their data on an open, governed platform."

Learn more about the latest Databolt and Slingshot innovations by visiting Capital One Software at Booth #202 at Databricks Data & AI Summit, June 16-18, 2026, in San Francisco, CA.

About Capital One Software
Capital One Software, the enterprise B2B software business of Capital One, enables organizations to scale their data management capabilities and better harness the power of AI. Backed by 25 years of data innovation, Capital One Software solutions are helping customers overcome key data management challenges in the cloud, including cost performance, infrastructure management and data security. Capital One Software is based in McLean, Virginia, at Capital One's headquarters. To learn more, go to: www.capitalone.com/software

About Capital One
Capital One Financial Corporation (NYSE: COF) is a leading technology-based financial services company with $475.8 billion in deposits and $669.0 billion in total assets as of December 31, 2025. Headquartered in McLean, Virginia, the company operates as a premier global payments provider and diversified financial institution, delivering a broad suite of products and consumer lifestyle and shopping experiences through its Credit Card, Consumer Banking including its Global Payment Network and Commercial Banking lines of business. As the only major U.S. bank to migrate entirely to the public cloud, Capital One leverages proprietary data and advanced analytics to democratize financial tools across its primary markets in the United States, Canada and the United Kingdom.

Forward-Looking Statements
This press release contains forward-looking statements regarding Capital One Software’s future product plans and strategy. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Factors such as technical challenges, market shifts, or changes in resource allocation may result in some features being delayed, modified, or not released at all. Capital One Software assumes no obligation to update these forward-looking statements as circumstances change.

More News From Capital One Software

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Statewide grant program applications now open for qualifying non-profit organizations that connect Medicaid members to workforce training and employment opportunities

, /PRNewswire/ -- Managed Health Services (MHS), a managed care entity and a company of Centene Corporation (NYSE: CNC), has announced the launch of the MHS Serves Workforce Support Program, a new statewide funding opportunity designed to strengthen workforce development programs that help Medicaid members prepare for employment, increase their income and build long-term economic stability. Applications are now open through June 19, 2026 and can be submitted through the MHS Serves online portal at mhsserves.org.

The program will provide funding to nonprofit community-based organizations across Indiana that are working to address employment barriers and expand workforce pathways for Medicaid-eligible populations. Selected partners will be required to serve a minimum number of participants annually and report on workforce outcomes including employment placement, credential completion and job retention.

Funding will be awarded through two tiers designed to support both direct workforce services and broader regional coordination:

Tier 1 grants, ranging from $50,000 to $150,000, will support community-based organizations providing direct employment services and workforce training to individuals. Tier 2 grants, ranging from $300,000 to $500,000, will support organizations working at a regional level to coordinate workforce partners, align employers with training providers and strengthen workforce systems across multiple counties. Funding will focus on improving referral systems, aligning training programs with employer needs, and tracking employment outcomes across partner organizations. "Employment is one of the most powerful drivers of long-term health and stability," said MHS Plan President & Chief Executive Officer, Christina Hage. "MHS Serves Workforce Support Program will invest in the organizations that have a demonstrated track record of efforts helping individuals overcome barriers to employment while strengthening the systems that support workforce success."

Across Indiana, many Medicaid members want to work or advance in their careers but face barriers such as limited transportation, lack of childcare, unreliable internet access, gaps in education or credentials and limited professional networks.

The new workforce initiative comes as MHS prepares for new eligibility and enrollment changes to the Medicaid program established under H.R.1, including requiring certain adults to meet new work or community engagement standards. Working hand-in-hand with state and county partners, MHS will provide clear, timely guidance to its members and providers as this new policy takes shape.

The Workforce Support Program builds on the success of MHS Serves, a statewide initiative launched in 2023 by MHS in partnership with the Indiana Minority Health Coalition (IMHC) and Black Onyx Management to address health access and the social drivers of health through community-led solutions.

To date, MHS Serves projects have served 40 organizations in 21 Indiana counties by expanding digital healthcare access, creating 665 internet access points, and reaching over 10,000 people. In the last funding round, $1.2 million supported 19 organizations to improve youth healthcare and mental health resources, showing how targeted partnerships can remove barriers to care.

More information can be found at mhsserves.org or by contacting [email protected]. 

About MHS
Managed Health Services (MHS) is a managed care entity that has been proudly serving the state of Indiana for 30 years through the Hoosier Healthwise and Hoosier Care Connect Medicaid programs and the Healthy Indiana Plan (HIP) Medicaid alternative program. MHS also offers Ambetter Health in the Indiana health insurance marketplace, and Wellcare, a Medicare Advantage plan. All of our plans include quality, comprehensive coverage with a provider network you can trust. Visit mhsindiana.com to learn more. MHS is a Centene company, a leading healthcare enterprise that is committed to helping people live healthier lives. 

https://www.mhsserves.org

https://www.mhsindiana.com https://www.centene.com

SOURCE Managed Health Services

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (“Lumentum”), a global leader in optical and photonic technologies that power the networks and infrastructure behind artificial intelligence (AI), today announced that Penny Herscher, Chair of the Board, and Michael Hurlston, President and Chief Executive Officer, will participate as expert speakers at the Rome Conference on AI, Ethics, and Governance, taking place June 18–20, 2026.

The third annual conference will convene global leaders from technology, business, policy, academia, and civil society to examine the evolving impact of AI. The event will feature moderated panel sessions and fireside chats with leading AI executives, providing an opportunity to engage in strategic and practical discussions, share emerging best practices, and build connections.

Lumentum executives will participate in the following sessions:

Friday, June 19, at 12:00 p.m.
Panel 2: The Benefits and Challenges of AI
Panelist: Penny Herscher, Chair of the Board, Lumentum Saturday, June 20, at 3:00 p.m.
Panel 3: The Energy of AI: Infrastructure, Stewardship, and the Common Good
Panelist: Michael Hurlston, President and Chief Executive Officer, Lumentum Lumentum is a technology innovator providing advanced optical products for data centers that support improved energy efficiency. As data center networks continue to transition from copper to optics, products such as Lumentum’s optical circuit switches (OCS), transmit-retimed optical (TRO) modules, and lasers for co-packaged optics (CPO) reduce power consumption, cooling requirements, and overall data center water usage.

Lumentum is committed to sustainability and has set a goal to achieve net-zero greenhouse gas emissions by 2030.

For more information about this event, visit: Rome Conference on AI.

About Lumentum

Lumentum (NASDAQ: LITE) is a global leader in optical and photonic technologies that power the networks and infrastructure behind AI, cloud computing, and next-generation communications. Built on decades of photonics innovation, Lumentum delivers high-performance lasers, modules, and optical subsystems that enable scalable, energy-efficient data center connectivity, advanced telecom networks, industrial manufacturing, and sensing applications. Headquartered in San Jose, California, the company operates R&D, manufacturing, and sales facilities worldwide. Learn more at www.lumentum.com.

Key Takeaways VICI acquired Carambola Beach Resort and partnered with Club Med for its redevelopment.VICI will fund the 150-key resort redevelopment under a long-term triple-net lease.VICI's deal adds U.S. Virgin Islands exposure and steady rent, while leverage remains an offset. VICI Properties Inc. (VICI - Free Report) recently announced that it acquired the Carambola Beach Resort in the U.S. Virgin Islands and joined forces with Club Med for its subsequent redevelopment. The hospitality REIT has entered into a long-term triple-net lease with Club Med, wherein it will fund the redevelopment. Club Med will handle the future operations of the elevated 150-key property.

Club Med operates around 60 premium resorts spanning across 40 countries on five continents. This partnership with VICI allows Club Med to return to the U.S. shores. Carambola Beach Resort is situated between a crescent beach and tropical rainforest in St. Croix. Club Med is redeveloping it to preserve the property’s natural beauty and historic roots and offer travelers an elevated design and personalized service.

The partnership benefits VICI Properties by expanding its experiential real estate portfolio with a premium resort asset in the U.S. Virgin Islands. The long-term triple-net lease with Club Med is expected to generate steady rental income while reducing VICI’s exposure to day-to-day operating costs.

Final Thoughts on VICIVICI Properties continues to expand through repeat partnerships and adjacent experiential sectors. In first-quarter 2026, it provided a $1.5 billion mezzanine loan for One Beverly Hills and announced a pending Alberta casino real estate acquisition tied to PURE’s acquisition of Gamehost. These deals highlight VICI’s strategy of leveraging existing relationships for incremental growth rather than relying only on one-off acquisitions.

The above arrangement with Club Med strengthens VICI’s growth prospects through a partnership with a globally recognized resort operator with strong hospitality expertise. The redevelopment of Carambola Beach Resort could enhance the asset’s value, diversify VICI’s geographic presence and provide exposure to rising demand for premium leisure and destination-based travel.

However, concentration and financial leverage remain the key offsets to VICI Properties’ stable lease model. A softer demand backdrop or tenant-specific issues could constrain near-term valuation.

Over the past three months, this Zacks Rank #3 (Hold) company’s shares have fallen 2.2% against the industry’s growth of 7.1%.

Image Source: Zacks Investment Research

Stocks to ConsiderSome better-ranked stocks from the broader REIT sector are Prologis (PLD - Free Report) and Cousins Properties (CUZ - Free Report) , carrying 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 PLD’s 2026 FFO per share is pegged at $6.18, which indicates year-over-year growth of 6.4%.

The consensus estimate for CUZ’s full-year FFO per share is pinned at $2.93, which calls for a 3.2% increase from the year-ago period.

Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.

Manchester, UK and New York, NY, June 16, 2026 (GLOBE NEWSWIRE) -- Manchester United is continuing its drive to enhance matchdays for supporters ahead of the 2026/27 season by announcing Elevate as their first ever Official Hospitality Partner.

The new partnership expands United’s official hospitality offering, giving fans more variety and special ways to enjoy the match. Through the new partnership, United fans can design a matchday experience that feels uniquely right for them – from premium seats chosen for the best sightlines, to seats that put them as close to the action as possible. 

Fans can personally tailor their hospitality experience, with choice between fine dining, a relaxed pub-style atmosphere, an in-venue experience at Old Trafford, or a pre-match restaurant in the city center. Elevate will also unlock a select number of unforgettable fan experiences, including behind-the-scenes stadium tours, on-pitch photos with the first team, and exclusive Q&As with club legends. The result is a more flexible, memorable, and personal way for fans to experience Old Trafford on matchdays.

Beyond the premium matchday offerings, the Elevate partnership will also create opportunities to gift select tickets and experiences with community groups and local charities, helping bring memorable Old Trafford moments to more supporters. 

Elevate will be a new strategic partner for the club, bringing best-in-class expertise across sports and entertainment hospitality to help create more choice, more personalized options, and better experiences to United fans.

Marc Armstrong, Chief Business Officer of Manchester United, said:

“We’re delighted to welcome Elevate as our Official Hospitality Partner. With a proven track record of delivering high-quality, premium matchday experiences, Elevate will help us broaden our hospitality offering, providing greater choice for fans who want it alongside our broad range of General Admission options.”

Flavil Hampsten, President of Venue Sales at Elevate, continued: 

“At Elevate, our expertise is delivering best-in-class hospitality and creating unforgettable matchday experiences for fans. We are delighted to partner with such a historic club as Manchester United and are excited to help take the club’s hospitality to the next level in a way that respects the club, its supporters, and Old Trafford’s unrivalled matchday atmosphere.” 

Fan ticket packages will go on sale on Friday, June 19th following the Premier League fixture release via: hospitality.manutd.com. 

See new partnership hospitality packages here.

Download photos here.

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About Elevate

Elevate is a global, integrated agency network committed to helping properties, brands, and universities forge deeper connections with their audiences to unlock growth. Serving more than 1,000 clients across sports, entertainment, consumer products, retail, and more, Elevate transforms followers into devoted fans.
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An agency rooted in innovation, Elevate leverages EPIC, its proprietary intelligence platform powered by advanced data and AI technology. EPIC integrates tools for consumer insights, ticketing, property analytics, and more, empowering clients to maximize ROI, enhance fan engagement, and craft campaigns that foster lasting loyalty.
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Founded in 2018, Elevate partners with clients worldwide from offices across North America, Europe, and Asia. For more information, visit us at www.oneelevate.com.

About Manchester United

For more information about Manchester United, visit manutd.com/en.

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at UMB Financial (UMBF - Free Report) , which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. UMB Financial currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market? In order to see if UMBF is a promising momentum pick, let's examine some Momentum Style elements to see if this bank holding company holds up.

Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.

For UMBF, shares are up 4.19% over the past week while the Zacks Banks - Midwest industry is up 4.1% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 5.84% compares favorably with the industry's 5.5% performance as well.

Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of UMB Financial have increased 20.81% over the past quarter, and have gained 33.26% in the last year. In comparison, the S&P 500 has only moved 14.27% and 27.78%, respectively.

Investors should also take note of UMBF's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now UMBF is averaging 582,019 shares for the last 20 days..

Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with UMBF.

Over the past two months, 3 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost UMBF's consensus estimate, increasing from $11.89 to $12.73 in the past 60 days. Looking at the next fiscal year, 6 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom LineGiven these factors, it shouldn't be surprising that UMBF is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep UMB Financial on your short list.

, /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of LKQ Corporation (NASDAQ: LKQ).

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

CONTACT US HERE:

https://securitiesclasslaw.com/securities/lkq-corporation-loss-submission-form/?id=188265&from=4

CLASS PERIOD: February 27, 2023 to July 23, 2025

ALLEGATIONS: According to the filed complaint, during the class period, defendants made materially false and misleading statements and omissions, and engaged in a scheme to deceive the market. This artificially inflated the price of LKQ common stock and operated as a fraud or deceit on the Class. Later, when defendants' prior misrepresentations and fraudulent conduct were disclosed to the market, the price of LKQ common stock declined significantly as the prior artificial inflation came out over time. As a result of their purchases of LKQ common stock during the class period, members of the class suffered economic loss.

DEADLINE: June 22, 2026 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/lkq-corporation-loss-submission-form/?id=188265&from=4

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of LKQ 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. The deadline to seek to be a lead plaintiff is June 22, 2026. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

SOURCE The Gross Law Firm

NEW YORK, June 16, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against LKQ Corporation (NASDAQ: LKQ) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired LKQ securities between February 27, 2023 and July 23, 2025, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/LKQ.

LKQ Case Details

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:

(1) LKQ’s acquisition and integration of FinishMaster did not present the “minimal integration risk” Defendants had represented; 
(2) the acquisition was not the “compelling strategic fit” purported to enhance LKQ’s business and drive profitable growth; 
(3) FinishMaster did not meaningfully improve LKQ’s scale or product mix to compete in the North American automotive paint segment as touted; and 
(4) as a result, Defendants’ public statements regarding the acquisition, integration prospects, and related benefits were materially false and misleading at all relevant times.

What's Next for LKQ Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/LKQ. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in LKQ you have until June 22, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to LKQ Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for LKQ Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

Follow us for updates on LinkedIn, X, Facebook, or Instagram.

Contact Info

Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]

Attorney advertising.
Prior results do not guarantee similar outcomes.

LOS ANGELES, June 16, 2026 (GLOBE NEWSWIRE) -- Glancy Prongay Wolke & Rotter LLP reminds investors of the upcoming June 22, 2026 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired LKQ Corporation (“LKQ” or the “Company”) (NASDAQ: LKQ) common stock between February 27, 2023 and July 23, 2025, inclusive (the “Class Period”).

IF YOU SUFFERED A LOSS ON YOUR LKQ INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS.

What Happened?
On April 23, 2024, LKQ lowered its full-year 2024 financial guidance, citing worsening performance in its North American operations, where the Company’s recently acquired subsidiary FinishMaster, was being integrated, while attributing the decline in part to slowing demand and warmer weather, and announcing the departure of its CEO.

On this news, LKQ’s stock price fell $7.28 per share, or 14.9%, to close at $41.65 per share on April 23, 2024, thereby injuring investors.

Then, on July 25, 2024, LKQ reported second quarter 2024 financial results that missed its previously reduced expectations and again lowered its full-year 2024 guidance, citing continued weakness in its North American segment.

On this news, LKQ’s stock price fell $5.53 per share, or 12.4%, to close at $35.45 per share on July 25, 2024, thereby further injuring investors.

Next, on April 24, 2025, LKQ reported that its Wholesale North America segment, where FinishMaster was fully integrated, missed revenue targets by approximately $200 million and disclosed that, contrary to its prior assurances that FinishMaster would improve margins, the segment missed EBITDA targets and experienced a year-over-year margin decline.

On this news, LKQ’s stock price fell $4.87 per share, or 11.6%, to close at $37.26 per share on April 24, 2025, thereby further injuring investors.

Finally, on July 24, 2025, LKQ reported that its segment margin performance continued to deteriorate, attributing the declines to competitors taking market share by undercutting pricing. The Company again missed EBITDA targets by approximately $20 million and disclosed a year-over-year margin decline of 11%, while admitting that the declines were predominantly driven by business losses due to increased competition for FinishMaster.

On this news, LKQ’s stock price fell $6.88 per share, or 17.8%, to close at $31.73 per share on July 24, 2025, thereby further injuring investors.

What Is The Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) FinishMaster was losing major customers from the time the acquisition was announced and its business could not sustain, let alone grow, LKQ’s eroding market share; (2) such risks regarding the Uni-Select acquisition and FinishMaster integration had already materialized and were negatively impacting LKQ’s operational and financial performance; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired LKQ common stock during the Class Period, you may move the Court no later than June 22, 2026 to request appointment as lead plaintiff in this putative class action lawsuit.

Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150,
Toll-Free: 888-773-9224
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact Us:
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Charles Linehan
Email: [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.

Tripadvisor, Inc. has declined 33% but now appears to be bottoming, with rebound attempts supported by the planned $700M sale of TheFork to American Express. TRIP faces macro headwinds—stubborn inflation, rising costs, and stiff competition—yet Viator and TheFork segments remain growth drivers, leveraging app-driven, commission-based models. AI-driven product innovation and operational efficiency are central to TRIP's strategy, aiming to reduce SEO dependence and improve conversion rates amid ongoing margin pressures.

Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF, FRA:8MH) chairman Domenic Carosa tells Proactive's Stephen Gunnion that the company's 110-acre Wyoming site is ticking the key boxes for AI data centre development - half a mile from a substation and with dual fibre connectivity already confirmed.

Engineering and surveying work is underway to expand the site's footprint and optimise its configuration, while discussions with potential partners are advancing. Carosa is direct about the opportunity: "We're in discussions with partners who can help us build out and develop the site, as well as partners who can bring across some of the hyperscalers and some of the large, well-known groups."

Strong demand for power-connected sites was the dominant theme at a recent industry conference, where Blockmate met more than a dozen potential partners. An investor roadshow is now underway to build market visibility around the company's AI and digital infrastructure strategy.

For more videos like this, visit the Proactive YouTube channel, give this video a like, subscribe to the channel and enable notifications so you never miss future content.

#BlockmateVentures #DomenicCarosa #AIInfrastructure #DataCenters #ArtificialIntelligence #Wyoming #Hyperscalers #DigitalInfrastructure #TechInvesting #AIDataCenters #EnergyInfrastructure #SmallCapStocks #InfrastructureInvestment #ProactiveInvestors #DataCenterDevelopment