Market Signal Briefing

In the latest trading session, Accenture (ACN - Free Report) closed at $269.53, marking a +1.14% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.09%. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, added 0.13%.

The stock of consulting company has risen by 8.98% in the past month, leading the Computer and Technology sector's gain of 4.2% and the S&P 500's gain of 1.89%.

Investors will be eagerly watching for the performance of Accenture in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on December 18, 2025. The company is expected to report EPS of $3.74, up 4.18% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $18.56 billion, indicating a 4.93% increase compared to the same quarter of the previous year.

ACN's full-year Zacks Consensus Estimates are calling for earnings of $13.77 per share and revenue of $73.8 billion. These results would represent year-over-year changes of +6.5% and +5.92%, respectively.

Investors might also notice recent changes to analyst estimates for Accenture. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.08% lower. Accenture is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note Accenture's current valuation metrics, including its Forward P/E ratio of 19.35. This represents a premium compared to its industry average Forward P/E of 16.37.

Meanwhile, ACN's PEG ratio is currently 2.53. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Computers - IT Services industry stood at 1.89 at the close of the market yesterday.

The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 77, this industry ranks in the top 32% of all industries, numbering over 250.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

December 09, 2025 6:57 PM EST | Source: Faruqi & Faruqi LLP
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses in Inspire Medical to Contact Him Directly to Discuss Their Options

If you purchased or acquired securities in Inspire Medical between August 6, 2024 and August 4, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - December 9, 2025) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Inspire Medical Systems, Inc. ("Inspire Medical" or the "Company") (NYSE: INSP) and reminds investors of the January 5, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose key facts about Inspire V, including the actual market demand for the device and whether the company had taken the steps necessary to successfully launch it. Defendants issued a series of materially false and misleading statements that led investors to believe demand for Inspire V was strong and that Company had taken the necessary steps for a successful launch.

On August 4, 2025, Inspire Medical Systems announced significant setbacks in the launch of its new Inspire V device. The company revealed that the rollout was taking much longer than expected because many treatment centers had not yet completed the required training, contracting, and onboarding needed to begin using the product. Inspire also disclosed billing and reimbursement challenges, explaining that although Medicare had approved a CPT code for Inspire V, the necessary software updates for claims processing did not go into effect until July 1. As a result, implanting centers could not bill for procedures before that date and instead continued using the older Inspire IV system.

In addition to these logistical and reimbursement problems, Inspire reported that the Inspire V launch was suffering from weak demand and excess inventory. These issues forced the company to sharply cut its 2025 earnings guidance by more than 80%. Following these revelations, Inspire's stock price fell more than 32% in a single day-from $129.95 per share on August 4, 2025, to $87.91 per share on August 5, 2025-wiping out approximately $1.2 billion in market capitalization.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Inspire Medical's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Inspire Medical class action, go to www.faruqilaw.com/INSP or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277465

Genasys Inc. (GNSS) Q4 2025 Earnings Call Transcript

WINNIPEG, Manitoba, Dec. 09, 2025 (GLOBE NEWSWIRE) -- The North West Company Inc. (the "Company" or "North West") today reported its unaudited financial results for the third quarter ended October 31, 2025. It also announced that the Board of Directors has declared a quarterly dividend of $0.41 to shareholders of record on December 31, 2025, to be paid on January 15, 2026.

"Our third-quarter performance demonstrates the underlying strength of our business model, even within a softer sales environment from less money in market, with results driven by margin improvements unlocked through our Next 100 initiative and lower expenses which contributed to delivering double-digit earnings growth," said Dan McConnell, President & CEO. “We are encouraged by the contributions from our Next 100 work and the continuing value it is delivering to customers and shareholders”.

Financial Highlights

Sales Third quarter consolidated sales decreased 0.5% to $634.3 million compared to $637.5 million last year due to a decrease in Canadian Operations same store sales which were partially offset by the impact of foreign exchange on the translation of International Operations sales and sales from new stores. Same store sales decreased 1.7%1 compared to a 4.0% sales gain in the third quarter last year due to a 2.8% decrease in same store sales in Canadian Operations which were negatively impacted by a decrease in funding to individuals from Inuit Child First and Jordan's Principle programs. International Operations same store sales were flat to last year as an increase in food sales offset lower general merchandise sales.

Gross Profit Gross profit increased 1.4% to $217.1 million compared to $214.1 million last year due to a 64 basis point increase in gross profit rate. The increase in the gross profit rate is due to changes in sales blend and the positive impact from our Next 100 work, including refinements of our merchandise assortment and procurement.

Selling, Operating and Administrative Expenses Selling, operating and administrative expenses ("Expenses") decreased $1.6 million or 1.0% compared to last year and were down 13 basis points as a percentage to sales. The decrease in Expenses is largely due to a $3.3 million decrease in share-based compensation costs primarily related to changes in the Company's share price in the quarter compared to last year and a decrease in vessel repairs incurred through our investment in Transport Nanuk Inc. ("TNI") compared to last year. The impact of $1.3 million in one-time costs for professional fees related to the execution of the Next 100 strategy were offset by Next 100 gross profit factors, store labour productivity gains and other cost savings initiatives. Excluding the impact of share-based compensation and Next 100-related one-time costs, Expenses increased $0.3 million or 0.2% compared to last year and were up 17 basis points as a percentage to sales.

Earnings From Operations Earnings from operations ("EBIT") increased 8.5% to $58.7 million compared to $54.1 million last year, and earnings before interest, income taxes, depreciation and amortization ("EBITDA2") increased 6.5% to $88.9 million compared to $83.4 million last year due to the sales, gross profit and Expense factors previously noted. Adjusted EBITDA2, which excludes the impact of share-based compensation and Next 100-related one-time costs, increased $3.5 million or 3.9% to $91.9 million compared to $88.4 million last year and as a percentage to sales was 14.5% compared to 13.9% last year.

Interest Expense Interest expense decreased 7.4% to $4.6 million due to changes in interest rates and average debt compared to last year.

Income Tax Expense Income tax expense increased to $13.1 million compared to $12.8 million last year as the impact of higher earnings was partially offset by a decrease in the effective tax rate to 24.2% compared to 26.0% last year. The decrease in the effective tax rate is due to changes in tax estimates, the blend of earnings across the various tax rate jurisdictions and the taxation of share-based compensation.

Net Earnings Net earnings increased 12.9% to $41.1 million compared to net earnings of $36.4 million last year. Net earnings attributable to shareholders were $40.1 million and diluted earnings per share were $0.82 per share compared to $0.72 per share last year. Adjusted net earnings2, which excludes the after-tax impact of share-based compensation and Next 100-related one-time costs, increased $3.2 million or 8.1% to $43.3 million due to the sales, gross profit, Expense, interest and income tax expense factors previously noted.

Non-GAAP Financial Measures

The Company uses the following non-GAAP financial measures: earnings before interest, income taxes, depreciation and amortization ("EBITDA"), adjusted EBITDA and adjusted net earnings. The Company believes these non-GAAP financial measures provide useful information to both management and investors in measuring the financial performance and financial condition of the Company for the reasons outlined below.

Earnings Before Interest, Income Taxes, Depreciation and Amortization ("EBITDA") is not a recognized measure under IFRS. Management believes that in addition to net earnings, EBITDA is a useful supplemental measure as it provides investors with an indication of the Company's operational performance before allocating the cost of interest, income taxes and capital investments. Investors should be cautioned however, that EBITDA should not be construed as an alternative to net earnings determined in accordance with IFRS as an indicator of the Company's performance. The Company's method of calculating EBITDA may differ from other companies and may not be comparable to measures used by other companies.

Adjusted EBITDA and Adjusted Net Earnings are not recognized measures under IFRS. Management uses these non-GAAP financial measures to exclude the impact of certain income and expenses that must be recognized under IFRS. The excluded amounts are either subject to volatility in the Company's share price or may not necessarily be reflective of the Company's underlying operating performance. These factors can make comparisons of the Company's financial performance between periods more difficult. The Company may exclude additional items if it believes that doing so will result in a more effective analysis and explanation of the underlying financial performance. The exclusion of these items does not imply that they are non-recurring.

These measures do not have a standardized meaning prescribed by GAAP and therefore they may not be comparable to similarly titled measures presented by other publicly traded companies and should not be construed as an alternative to the other financial measures determined in accordance with IFRS.  

Reconciliation of consolidated earnings from operations (EBIT) to EBITDA and adjusted EBITDA:

   Third Quarter($ in thousands) 2025  2024    Earnings from operations (EBIT)$58,709 $54,102Add: Amortization 30,172  29,343EBITDA$88,881 $83,445Adjusted for:   Share-based compensation expense(1) 1,723  4,974The Next 100 one-time costs(2) 1,299  —Adjusted EBITDA$91,903 $88,419
Reconciliation of consolidated net earnings to adjusted net earnings:

   Third Quarter($ in thousands) 2025  2024    Net earnings$41,073 $36,395Adjusted for:   Share-based compensation expense, net of tax (1) 1,326  3,705The Next 100 one-time costs, net of tax (2) 934   —Adjusted net earnings$43,333 $40,100 (1) Certain share-based compensation costs are presented as liabilities on the Company's consolidated balance sheets. The Company is exposed to market price fluctuations in its share price through these share-based compensation costs. These liabilities are recorded at fair value at each reporting date based on the market price of the Company's shares at the end of each reporting period with the changes in fair value recorded in selling, operating and administrative expenses.
Further information on the financial results is available in the Company's 2025 third quarter Report to Shareholders, Management's Discussion and Analysis and unaudited interim period condensed consolidated financial statements which can be found in the investor section of the Company's website at www.northwest.ca.(2) The Next 100 one-time costs include professional fees and other non-recurring expenses incurred in the implementation of the Next 100 work outlined in the Strategies section of the 2025 third quarter Report to Shareholders.  Third Quarter Conference Call

North West will host a conference call for its third quarter results on December 10, 2025 at 8:00 a.m. (Central Time).

Conference call link: https://register-conf.mediaserver.com/register/BIe081f07f34ee4a12bfa5fc7253f3a986

Register ahead of time to receive a unique PIN to access the conference call via telephone. Once registered, participants can dial into the conference call from their telephone via the unique PIN or click on the “Call Me” option to receive an automated call directly on their telephone.

Webcast link: https://edge.media-server.com/mmc/p/a39bbant

The conference call will be archived and available until December 10, 2026 at https://www.northwest.ca/investors/conference-calls

Notice to Readers

Certain forward-looking statements are made in this news release, within the meaning of applicable securities laws. The forward-looking statements about North West including its business operations, strategy, expected financial performance and condition, and legal matters. Specific forward-looking statements in this press release include, but are not limited to, future or conditional future financial performance (including sales, earnings, growth rates, capital expenditures, dividends, debt levels, financial capacity, access to capital and liquidity), ongoing business strategies or prospects, the Company's plans regarding sales of private label products and intentions regarding a normal course issuer bid and the number of shares purchased, the potential impact of a pandemic on the Company's operations, supply chain and the Company's related business continuity plans, the realization of cost savings from cost reduction plans, the anticipated impact of The Next 100 strategic priorities and possible future action by the Company. Forward-looking statements are contained throughout this press release and are typically identified by words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “intends”, “targets”, “projects”, “forecasts”, “foresees”, “could”, “goals”, “intends”, “seeks”, “strives”, “will”, “may”, “should” and other similar expressions, or negative versions thereof, as they relate to North West and its management.

Forward-looking statements are based on current expectations and projections about future events and are inherently subject to, among other things, risks, uncertainties and assumptions about the Company, economic factors and the retail industry in general.

Forward-looking statements reflect the Company’s estimates, beliefs and assumptions, which are based on management’s perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances. The Company’s estimates, beliefs and assumptions are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and, as such, are subject to change. The Company can give no assurance that such estimates, beliefs and assumptions will prove to be correct. Numerous risks and uncertainties could cause the Company’s actual results to differ materially from those expressed, implied or projected in the forward-looking statements, including those described in this press release and the Company’s 2024 Annual Report and Annual Information Form. Such risk and uncertainties include, but are not limited to: changes in inflation, tariffs, commodity prices, interest and foreign exchange rates, government fiscal health and changes in government policy that result in a reduction in financial support for programs benefiting individuals including Nutrition North Canada ("NNC"), Jordan's Principle and Inuit Child First in Canadian Operations, and the U.S. Supplemental Nutrition Assistance Program ("SNAP") and Alaska by-pass mail system in International Operations, which contribute to lower living costs for eligible customers, the Company's ability to maintain an effective supply chain, changes in accounting policies and methods used to report financial condition, uncertainties associated with critical accounting assumptions and estimates, including estimates of contingent consideration, the effect of applying future accounting changes, business competition, technological change, changes in government regulations and legislation, changes in tax laws, unexpected judicial or regulatory proceedings, catastrophic events, the Company's ability to complete and realize benefits from capital projects, E-Commerce investments, strategic transactions and the integration of acquisitions, the Company's ability to realize benefits from investments in information technology ("IT") and systems, including IT system implementations, or unanticipated results from these initiatives and the Company's success in anticipating and managing the foregoing risks.

The reader is cautioned that the foregoing list of factors that may affect the Company’s forward-looking statements is not exhaustive. Other risks and uncertainties not presently known to the Company or that the Company presently believes are not material could also cause actual results or events to differ materially from those expressed in its forward-looking statements. Additional risks and uncertainties are discussed in the Company’s materials filed with the Canadian securities regulatory authorities from time to time, including, without limitation, the Risk Factors sections of the 2024 Annual Report and Annual Information Form, and in our most recent consolidated financial statements, management information circular, material change reports and news releases. The reader is also cautioned to consider these and other factors carefully and not place undue reliance on forward-looking statements, which reflect the Company’s expectations only as of the date of this press release. Other than as specifically required by applicable law, the Company does not intend to update any forward-looking statements whether as a result of new information, future events or otherwise.

Additional information on the Company, including our Annual Information Form, can be found on SEDAR+ at www.sedarplus.ca or on the Company's website at www.northwest.ca.

Company Profile

The North West Company Inc., through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 230 stores under the trading names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately CDN$2.6 billion.

The common shares of North West trade on the Toronto Stock Exchange under the symbol NWC. 

For more information contact:

Dan McConnell, President and Chief Executive Officer, The North West Company Inc.
Phone 204-934-1482; fax 204-934-1317; email [email protected]

John King, Executive Vice-President and Chief Financial Officer, The North West Company Inc.
Phone 204-934-1397; fax 204-934-1317; email [email protected]

1 Excluding the impact of foreign exchange
2 See Non-GAAP Measures Section of the news release

United Parcel Service (UPS - Free Report) closed at $96.97 in the latest trading session, marking a +1.49% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.09%. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq gained 0.13%.

The stock of package delivery service has risen by 2.68% in the past month, lagging the Transportation sector's gain of 5.11% and overreaching the S&P 500's gain of 1.89%.

Analysts and investors alike will be keeping a close eye on the performance of United Parcel Service in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.18, marking a 20.73% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $23.88 billion, indicating a 5.6% decrease compared to the same quarter of the previous year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.89 per share and a revenue of $87.95 billion, representing changes of -10.75% and -3.43%, respectively, from the prior year.

Any recent changes to analyst estimates for United Parcel Service should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.93% upward. United Parcel Service currently has a Zacks Rank of #3 (Hold).

Digging into valuation, United Parcel Service currently has a Forward P/E ratio of 13.87. This expresses a discount compared to the average Forward P/E of 15.37 of its industry.

We can additionally observe that UPS currently boasts a PEG ratio of 2.28. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Transportation - Air Freight and Cargo industry held an average PEG ratio of 2.17.

The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 34, finds itself in the top 14% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

Valero Energy (VLO - Free Report) closed the most recent trading day at $175.32, moving +1.01% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.09%. On the other hand, the Dow registered a loss of 0.38%, and the technology-centric Nasdaq increased by 0.13%.

Coming into today, shares of the oil refiner had lost 3.14% in the past month. In that same time, the Oils-Energy sector lost 0.79%, while the S&P 500 gained 1.89%.

Investors will be eagerly watching for the performance of Valero Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on January 29, 2026. It is anticipated that the company will report an EPS of $3.31, marking a 417.19% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $29.13 billion, reflecting a 5.28% fall from the equivalent quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $10.15 per share and revenue of $121.45 billion, which would represent changes of +19.69% and -6.49%, respectively, from the prior year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Valero Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 10.25% higher. Right now, Valero Energy possesses a Zacks Rank of #3 (Hold).

From a valuation perspective, Valero Energy is currently exchanging hands at a Forward P/E ratio of 17.1. For comparison, its industry has an average Forward P/E of 16.75, which means Valero Energy is trading at a premium to the group.

We can additionally observe that VLO currently boasts a PEG ratio of 0.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Oil and Gas - Refining and Marketing industry stood at 0.93 at the close of the market yesterday.

The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 147, placing it within the bottom 41% of over 250 industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

For the quarter ended October 2025, Academy Sports and Outdoors, Inc. (ASO - Free Report) reported revenue of $1.38 billion, up 3% over the same period last year. EPS came in at $1.14, compared to $0.98 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.4 billion, representing a surprise of -1.2%. The company delivered an EPS surprise of +6.54%, with the consensus EPS estimate being $1.07.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Academy Sports and Outdoors performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Comparable Sales Growth: -0.9% versus -0.8% estimated by six analysts on average.Stores - EOP: 317 versus 316 estimated by four analysts on average.New stores open: 11 versus the two-analyst average estimate of 10.Net Sales- Merchandise Division Sales- Outdoors: $445.14 million compared to the $422.53 million average estimate based on two analysts. The reported number represents a change of +3.1% year over year.Net Sales- Merchandise Division Sales- Sports and recreation: $288.74 million compared to the $286.63 million average estimate based on two analysts. The reported number represents a change of +4.2% year over year.Net Sales- Other Sales: $7.56 million compared to the $35.74 million average estimate based on two analysts. The reported number represents a change of +2.2% year over year.Net Sales- Merchandise Division Sales- Footwear: $292.44 million versus $291.23 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.4% change.Net Sales- Total Merchandise Sales: $1.38 billion versus $1.37 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3% change.Net Sales- Merchandise Division Sales- Apparel: $349.81 million versus $365.51 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.4% change.View all Key Company Metrics for Academy Sports and Outdoors here>>>

Shares of Academy Sports and Outdoors have returned +8.9% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

, /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream") announced today the pricing of its upsized private placement to eligible purchasers of $600 million in aggregate principal amount of 5.75% senior unsecured notes due 2034 at par (the "Notes"). The offering is expected to close on December 23, 2025, subject to customary closing conditions.

Antero Midstream estimates that it will receive net proceeds of approximately $593 million, after deducting the initial purchasers' discounts and estimated expenses. Antero Midstream intends to use the net proceeds from the offering, together with borrowings under Antero Midstream Partners LP's ("Antero Midstream Partners") revolving credit facility and the net proceeds from the disposition of all of Antero Midstream's Utica Shale midstream assets (the "Utica Disposition"), to fund the acquisition of HG Energy II Midstream Holdings, LLC from HG Energy II LLC (the "HG Acquisition"), and related fees and expenses. The completion of this offering is not contingent on the consummation of the HG Acquisition or the Utica Disposition and the HG Acquisition and the Utica Disposition are not contingent on the closing of this offering.

If (i) the closing of the HG Acquisition has not occurred on or prior to the later of (x) June 2, 2026 and (y) such date to which the outside date under the Membership Interest Purchase Agreement, dated December 5, 2025, by and among by and among Antero Midstream Partners, Antero Resources Corporation, HG Energy II LLC, HG Energy II Production Holdings LLC and HG Energy II Midstream Holdings LLC (the "HG Purchase Agreement") as in effect on the closing date of this offering may be extended in accordance with the terms thereof, which date shall be no later than September 2, 2026, any such extension to be set forth in an officers' certificate delivered to the trustee prior to the close of business on June 2, 2026 or such other extended outside date as shall then be applicable (the "Special Mandatory Redemption Outside Date"), (ii) prior to the Special Mandatory Redemption Outside Date, the HG Purchase Agreement is terminated according to its terms without the closing of the HG Acquisition or (iii) Antero Midstream Partners determines based on its reasonable judgment that the HG Acquisition will not close prior to the Special Mandatory Redemption Outside Date or at all, Antero Midstream Partners will be required to redeem all of the outstanding Notes at a redemption price equal to 100% of the initial issue price of the Notes plus accrued and unpaid interest, if any, to but excluding the special mandatory redemption date.

The Notes to be offered have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States pursuant to Regulation S under the Securities Act.

This press release is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

Antero Midstream Corporation is a Delaware corporation that owns, operates and develops midstream gathering, compression, processing and fractionation assets located in the Appalachian Basin, as well as integrated water assets that primarily service Antero Resources Corporation's properties.

This release includes "forward-looking statements." Such forward-looking statements are subject to a number of risks and uncertainties, many of which are not under Antero Midstream's control. All statements, except for statements of historical fact, made in this release regarding activities, events or developments Antero Midstream expects, believes or anticipates will or may occur in the future, such as statements regarding the proposed offering and the intended use of proceeds are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements speak only as of the date of this release. Although Antero Midstream believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. Except as required by law, Antero Midstream expressly disclaims any obligation to and does not intend to publicly update or revise any forward-looking statements.

Antero Midstream cautions you that these forward-looking statements are subject to all of the risks and uncertainties incidental to our business, most of which are difficult to predict and many of which are beyond Antero Midstream's control. These risks include, but are not limited to, the risk that one or both of the HG Acquisition and the Utica Disposition will not close on the timeline anticipated, or at all, commodity price volatility, inflation, supply chain or other disruptions, environmental risks, Antero Resources Corporation's drilling and completion and other operating risks, regulatory changes or changes in law, the uncertainty inherent in projecting Antero Resources Corporation's future rates of production, cash flows and access to capital, the timing of development expenditures, impacts of world health events, cybersecurity risks, the state of markets for, and availability of, verified quality carbon offsets and the other risks described under the heading "Item 1A. Risk Factors" in Antero Midstream's Annual Report on Form 10-K for the year ended December 31, 2024 and its subsequently filed Quarterly Reports on Form 10-Q.

SOURCE Antero Midstream Corporation

December 09, 2025 5:42 PM EST | Source: Eric Sprott
Toronto, Ontario--(Newsfile Corp. - December 9, 2025) - Eric Sprott announces that, today, Sprott Mining Inc., a corporation which is beneficially owned by him, sold 5,000,000 common shares (Shares) of Americas Gold and Silver Corporation., over the Toronto Stock Exchange at a price of approximately $6.7910 per share for aggregate consideration of $33,955,000.

Prior to the disposition of Shares, Mr. Sprott beneficially owned 50,053,940 Shares representing approximately 16.3% of the outstanding Shares. As a result of the disposition of Shares, Mr. Sprott now beneficially owns 45,053,940 Shares representing approximately 14.7% of the outstanding Shares. The disposition of Shares resulted in a decrease in holdings of approximately 3.3% since the date of the last filing of an early warning report.

Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

Americas Gold and Silver is located at 145 King Street West, Suite 2870, Toronto, Ontario, M5H 1J8. A copy of the early warning report with respect to the foregoing will appear on Americas Gold and Silver's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (Sprott Mining Inc., 7 King Street East, Suite 1106, Toronto, ON, M5C 3C5).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277512

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David Ellison's Paramount isn't giving up in its pursuit of Warner Bros. Discovery.

Angela Weiss/AFP via Getty Images

2025-12-09T22:43:29.498Z

Paramount submitted a hostile offer for Warner Bros. Discovery after Netflix won the bidding war.
CEO David Ellison says he knows the WBD board can't accept the Monday offer.
These comments and others suggest Ellison could be willing to increase his bid.

Paramount CEO David Ellison says he knows the Warner Bros. Discovery board can't accept his latest offer of $30 per share for the company.

Why?

"If they accept the offer exactly as it is today, right, then they're admitting breach of fiduciary duty, so I don't think they can just take that," Ellison was overheard saying at the UBS media event on Tuesday, Business Insider has exclusively learned.

Jon Stewart suggests Colbert's cancellation is tied to Paramount's Trump settlement

On Friday, WBD announced it had accepted Netflix's offer of $27.75 per share for WBD's studio and streaming assets. Then on Monday, Paramount launched a hostile bid for the entire company, including its TV networks like CNN and TNT.

Ellison said Paramount's Monday offer was the same as the one it delivered privately to WBD on Thursday.

"We wanted to communicate to everyone: We didn't change the offer. This is exactly what we sent them," Ellison said at the UBS event.

That's why Ellison says it would be fraught for WBD's board, which is duty-bound to act in the best interests of shareholders, to accept it. How can they accept the offer they already indicated wasn't good enough?

WBD issued a statement in response to Paramount's hostile bid, saying that its board would "carefully review and consider Paramount Skydance's offer" in a way that's "consistent with its fiduciary duties and in consultation with its independent financial and legal advisors."

Moving forward, Ellison's comments suggest he knows he might have to sweeten the deal to get it over the finish line, even though he said he thinks Paramount's current bid is "by far the superior offer" compared to Netflix's. Another possibility: Instead of changing his offer, Ellison could let shareholders vote on its merits.

There have been indications that Ellison could be willing to move on price.

Paramount disclosed in an SEC filing that Ellison texted WBD CEO David Zaslav on Thursday, saying the following: "Please note importantly we did not include 'best and final' in our bid."

Many media industry insiders suspect that the bidding war isn't over yet.

Kevin Mayer, Disney's former top dealmaker, said the Paramount-Netflix face-off reminds him of the bidding war between Disney and Comcast for Fox's studio assets.

"I would be very surprised if we don't see a sweetened, and perhaps meaningfully sweetened, offer" from Paramount or Netflix, Mayer said on Tuesday at the UBS conference.

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– Financing includes leading U.S. biotechnology institutional investors and mutual funds –

LOS ANGELES, CA, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Immix Biopharma, Inc. (“ImmixBio”, “Company”, “We” or “Us” or ”IMMX”), a global leader in relapsed/refractory AL Amyloidosis, today announced the closing of its previously announced underwritten registered offering of 19,117,646 shares of its common stock at a price to the public of $5.10 per share, and to certain investors in lieu of common stock, pre-funded warrants to purchase 490,196 shares of common stock at a price to the public of $5.09 per pre-funded warrant, which represents the per share public offering price for the common stock, less the $0.01 per share exercise price for each such pre-funded warrant. The net proceeds to Immix from the offering, after deducting the underwriting discounts, commissions and other offering expenses, were approximately $93.7 million.

The financing includes leading U.S. biotechnology institutional investors and mutual funds.

Morgan Stanley acted as the sole book-running manager for the offering. Citizens Capital Markets and Mizuho acted as co-managers for the offering.

The securities in the registered offering were offered and sold pursuant to a “shelf” registration statement on Form S-3 (File No. 333-269100), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the “SEC”) on January 3, 2023, and declared effective on January 11, 2023. A prospectus supplement and accompanying prospectus describing the terms of the registered offering was filed with the SEC and is available on its website at www.sec.gov. Copies of the prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from: Morgan Stanley & Co. LLC, attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, by phone: 1-866-718-1649 or by email: [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Immix Biopharma, Inc.
Immix Biopharma, Inc. (ImmixBio) (Nasdaq: IMMX) is a global leader in relapsed/refractory AL Amyloidosis. AL Amyloidosis is a devastating disease where the immune system, that’s supposed to protect, instead produces toxic light chains, clogging up the heart, kidney and liver, causing organ failure and death. Our lead candidate is sterically-optimized BCMA-targeted chimeric antigen receptor T (CAR-T) cell therapy NXC-201 with a “digital filter” that is designed to filter out non-specific activation. NXC-201 teaches the immune system to recognize and eliminate the source of the toxic light chains.  NXC-201 is being evaluated in the U.S. multi-center study for relapsed/refractory AL Amyloidosis NEXICART-2 (NCT06097832), with a registrational design.  NXC-201 has been awarded Regenerative Medicine Advanced Therapy (RMAT) by the US FDA and Orphan Drug Designation (ODD) by FDA and in the EU by the EMA.

Contacts
Mike Moyer
LifeSci Advisors
[email protected]

Company Contact
Gabriel Morris, CFO
[email protected]

As robotics technology evolves from research to real-world use, investors are exploring where the next wave of automation may deliver meaningful returns. In a recent MarketBeat interview, engineering expert and FinTek Media creator Kuran highlighted three robotics stocks that reflect distinct areas of innovation: Symbotic NASDAQ: SYM, Alphabet NASDAQ: GOOGL, and Hyundai Motors OTCMKTS: HYMLF.

Get Symbotic alerts:

Symbotic: Delivering Real Revenue From Warehouse Robotics
Symbotic automates warehouse operations with robotics that handle inbound shipments, storage, picking and outbound logistics. The company builds end-to-end systems tailored to controlled environments—making automation more accessible to companies that lack the scale of Amazon NASDAQ: AMZN.

“This is probably the most useful in the short term because they’re actually making profit-creating robots for logistics companies,” Kuran said. He also emphasized the opportunity presented by Symbotic’s volatile stock movements: “The market doesn't know what this stock should be worth… that can offer us an opportunity to buy the stock at a discount.”

Symbotic’s strength lies not only in its physical systems but also in its integration of third-party technologies, including NVIDIA’s NASDAQ: NVDA Jetson Thor platform, positioning it to stay at the forefront of warehouse automation.

Alphabet: Building the AI Operating System for Robotics
While not a robotics hardware company, Alphabet, Google's parent company, is creating the AI infrastructure that will likely power the next generation of robotics applications. Through Gemini Robotics and DeepMind, Google is developing AI models that allow robots to reason, plan, and take action autonomously.

“Google is now making it so that robots can solve problems they've never seen before,” said Kuran. “This alone could be a multi-trillion dollar business for Google in 10 to 20 years.”

Alphabet's robotics ambitions extend beyond software. Through its autonomous vehicle unit Waymo, the company is investing in robotic mobility—a sector estimated to be worth trillions in the long term. “There was a Forbes article recently that estimated that Waymo could be a trillion-dollar company all on its own,” Kuran noted.

The long-term vision is clear: to become the Android of robotics. “Their bet is that all these companies will build this really cool hardware, and then they'll come to Google to create the operating system for that hardware,” he explained.

While it may not move Alphabet’s stock in the short term, robotics represents a massive future growth opportunity embedded within one of the world’s largest tech platforms.

Hyundai: Industrial Robotics at Scale Through Boston Dynamics
For investors seeking exposure to industrial robotics, Hyundai Motors offers a unique path via its ownership of Boston Dynamics—one of the most advanced robotics hardware companies in the world.

“Hyundai is a great way to invest in what's happening in the robotics market in Asia while getting access to this American company, Boston Dynamics,” Kuran said.

Asia accounted for 74% of global industrial robot installations last year. As Boston Dynamics transitions from R&D to commercialization, Hyundai plans to deploy 10,000 of its robots across its own production lines—potentially generating $750 million in revenue.

While Hyundai’s core auto business faces near-term headwinds, including tariffs and slowing global demand, its robotics division is gaining strategic importance. Kuran added: “Ultimately, the market will recognize the value.”

He also noted that Hyundai’s structure leaves open the possibility for a future spin-off: “My expectation if Boston Dynamics got big enough is that Hyundai would actually spin them off as their own company in the future.”

Robotics Exposure Across 3 Investing Timeframes
Each of these companies offers a distinct way to invest in robotics:

Symbotic provides near-term logistics automation with real revenue and active deployments.
Alphabet supports long-term robotics AI infrastructure with the potential to become a category-defining platform.
Hyundai offers long-term exposure to industrial robotics through Boston Dynamics, with optionality in the Asian market.

Kuran emphasized that understanding the technology—not just chasing headlines—is critical to identifying lasting value: “If we just follow the data… we can still do really well in the market. The main focus is understanding how technology is bringing value.”

Among the three, Hyundai Motors stands out as a contrarian robotics investment—one that may not deliver immediate results, but could unlock significant upside as industrial automation scales globally and Boston Dynamics continues to commercialize its technology.

As robotics adoption accelerates across logistics, AI systems and manufacturing, these companies represent strategic entry points into one of the most transformational trends of the next decade.

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Exxon Mobil Corporation (XOM) Discusses Corporate Plan Transformation, Enhanced Earnings and Cash Flow Targets, and Emissions Reduction Progress December 9, 2025 10:00 AM EST

Company Participants

James Chapman - VP of Investor Relations & Treasurer
Darren Woods - Chairman of the Board, President & CEO
Neil Chapman - Senior Vice President
Jack Williams - Senior Vice President
Kathryn Mikells - Senior VP & CFO

Conference Call Participants

Bob Brackett - Sanford C. Bernstein & Co., LLC., Research Division
Douglas George Blyth Leggate - Wolfe Research, LLC
Devin McDermott - Morgan Stanley, Research Division
Neil Mehta - Goldman Sachs Group, Inc., Research Division
Arun Jayaram - JPMorgan Chase & Co, Research Division
Wei Jiang - Barclays Bank PLC, Research Division
Stephen Richardson - Evercore ISI Institutional Equities, Research Division
Jean Ann Salisbury - BofA Securities, Research Division
Alastair Syme - Citigroup Inc., Research Division

Presentation

James Chapman
VP of Investor Relations & Treasurer

Good morning, everyone, and welcome to our corporate plan update. Today's call is being recorded. We very much appreciate your interest in ExxonMobil. I'm Jim Chapman, Vice President, Treasurer and Investor Relations. Joining me today are Darren Woods, Chairman and Chief Executive Officer; Kathy Mikells, Senior Vice President and Chief Financial Officer; Neil Chapman, Senior Vice President; and Jack Williams, Senior Vice President. Our full presentation and prerecorded remarks are available on the Investors section of our website, along with a corporate plan news release.

In a moment, Darren will provide brief opening remarks, and then we'll move to our question-and-answer session. During today's presentation, we'll make forward-looking comments. We encourage you to read our cautionary statement on Slide 2. Additional information on the risks and uncertainties that apply to these comments is listed in our most recent SEC filings on our website. We also provide supplemental information in the appendix of our slides. And now I'll turn it over to Darren for opening remarks.

Recommended For You

, /PRNewswire/ -- Miami International Holdings, Inc. ("MIAX" or the "Company") (NYSE: MIAX), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today announced the launch of a proposed secondary public offering (the "Offering") of 6,750,000 shares of its common stock including certain shares to be issued upon the exercise of warrants. The proposed Offering consists entirely of secondary shares to be sold by certain selling stockholders of the Company (the "Selling Stockholders").

The underwriters will have a 30-day option to purchase up to an additional 1,012,500 shares of common stock from the Selling Stockholders. The Company is not selling any shares of common stock in the proposed Offering and will not receive any proceeds from the Offering.

J.P. Morgan, Morgan Stanley and Piper Sandler are acting as lead joint bookrunning managers for the proposed offering. Raymond James, Rosenblatt, William Blair, and Keefe, Bruyette & Woods, A Stifel Company are acting as joint bookrunning managers.

The proposed Offering of MIAX's shares of common stock will be made only by means of a prospectus. Copies of the prospectus relating to the proposed Offering may be obtained for free by visiting EDGAR on the U.S. Securities and Exchange Commission's (the "SEC") website at www.sec.gov. Alternatively, copies of the preliminary prospectus may be obtained from: J.P. Morgan Securities LLC, Attention: c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at [email protected] and [email protected]; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or Piper Sandler & Co. at 350 North 5th Street, Suite 1000, Minneapolis, MN 55401, Attention: Prospectus Department, by telephone at (800) 747-3924, or by email at [email protected].

A registration statement on Form S-1 relating to MIAX's common stock has been filed with the SEC but has not yet become effective. The shares of common stock may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy shares of common stock, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About MIAX
Miami International Holdings, Inc. (NYSE: MIAX) is a technology-driven leader in building and operating regulated financial markets across multiple asset classes and geographies. MIAX operates nine exchanges across options, futures, equities and international markets including MIAX® Options, MIAX Pearl®, MIAX Emerald®, MIAX Sapphire®, MIAX Pearl Equities™, MIAX Futures™, MIAXdx™, The Bermuda Stock Exchange (BSX) and The International Stock Exchange (TISE). MIAX also owns Dorman Trading, a full-service Futures Commission Merchant.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are based on management's current expectations and are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. Additional risks and uncertainties that may cause actual results to differ materially include the risks and uncertainties listed in Miami International Holdings, Inc.'s (together with its subsidiaries, the Company) public filings with the Securities and Exchange Commission. In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise.

All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company's use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.

MIAX Contacts:

Investors
[email protected] 

Media
[email protected]

SOURCE MIAX

GE Vernova expects 80 gigawatts of signed combined-cycle gas turbine contracts by the end of the year as electricity demand from Big Tech's data centers ramps up, the manufacturer of power-generation equipment said on Tuesday.

BioNTech (BNTX) maintains a "Strong Buy" rating, driven by positive phase 3 data for gotistobart in 2nd-line squamous NSCLC patients. BNTX's gotistobart delivered a 63.1% 12-month OS rate versus 30.3% for docetaxel, reducing risk of death by 54%. Upcoming pivotal phase 3 PRESERVE-003 data in 2026 and expansion into ovarian and prostate cancers offer significant pipeline catalysts.

, /PRNewswire/ -- California American Water announced today that it has completed its acquisition of the Yerba Buena Water Company water system. The purchase of the system, which serves approximately 250 customers, was previously approved by the California Public Utilities Commission (CPUC) and reflects California American Water's ongoing commitment to strengthening water infrastructure and enhancing service in communities across the state.

"This agreement is a positive step for our community," said Richard Morris, Chairman of the Board of Directors of Yerba Buena Water Company. "By partnering with California American Water, we're ensuring the expertise and investment needed to maintain and improve our water system for years to come. Our customers will benefit from enhanced service and infrastructure improvements."

California American Water will begin providing water service to Yerba Buena Water Company customers immediately. Residents will receive new customer and account information in the mail within the coming weeks to help facilitate the transition. Yerba Buena Water Company customers will be able to take advantage of California American Water's customer service benefits, including its online account management portal, MyWater. Additional information is also available on a dedicated webpage, Yerba Buena Water, at californiaamwater.com/yerbabuena.

"We're excited to welcome Yerba Buena Water Company customers to California American Water," said Sarah Leeper, President of California American Water. "Our team is committed to help ensure a smooth transition and provide safe, clean and reliable water service as well as high-quality customer care that our customers expect and deserve. We look forward to bringing our experience, expertise and resources to support this community."

This marks California American Water's ninth acquisition in the past five years, adding more than 13,000 new water and/or wastewater customers since 2020.

About American Water 
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water's 6,700 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram. 

About California American Water 
California American Water, a subsidiary of American Water, provides safe, clean, reliable and affordable water and wastewater services to approximately 750,000 people.

SOURCE American Water

Earnings Conference Call Time Updated to 8:00 a.m. ET on Friday, January 16, 2026

, /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will announce its fourth quarter and full-year 2025 earnings results in a press release that will be issued before the market opens on Friday, January 16, 2026.

Following the release, M&T will conduct a conference call and webcast at 8:00 a.m. (ET) to discuss the earnings results. This time is revised from a previous press release that had the conference call scheduled for a later time. The conference call and webcast may contain forward-looking statements and other material information.

Domestic callers wishing to participate in the call may dial toll free (800) 347-7315. International participants, using any applicable international calling codes, may dial (785) 424-1755. Callers should reference M&T Bank Corporation or the conference ID # MTBQ425. The conference call will be webcast live through M&T's website at https://ir.mtb.com/news-events/events-presentations.

A replay of the call will be available through Friday, January 23, 2026, by calling (800) 695-2185 or (402) 530-9028 for international participants. No conference ID or passcode is required. The webcast archive of the conference call will be available by 3:00 p.m., January 16, 2026, on M&T's website at https://ir.mtb.com/news-events/events-presentations.

About M&T
M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. For more information on M&T Bank, visit www.mtb.com.

Equal Housing Lender. © 2025 M&T Bank. NMLS #381076. Member FDIC. All Rights Reserved.

Investor Contact:
Brian Klock
Steve Wendelboe
(716) 842-5138

Media Contact:
Frank Lentini
(929) 651-0447

SOURCE M&T Bank Corporation

December 09, 2025 6:00 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - December 9, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Freeport-McMoRan Inc. (NYSE: FCX) between February 15, 2022 and September 24, 2025, both dates inclusive (the "Class Period"), of the important January 12, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Freeport-McMoRan securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Freeport class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine in Indonesia; (2) the lack of proper safety precautions constituted a heightened risk that could foreseeably lead to the death of Freeport's workers; (3) this constituted an undisclosed heightened risk of regulatory, litigation, and reputational risk; and (4) as a result, defendants' statements about Freeport-McMoRan's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Freeport class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277496

Crypto rallies on Tuesday with ETH up 6% and XRP above $2 as traders price in a likely 25 basis point cut from the Federal Reserve.

Key Takeaways

Bitcoin rose over 2.5% to reclaim $94K, helping add $150B to the total crypto market cap.
ETH jumped 6% to $3,320, SOL reached $140, and XRP hit $2.10 amid growing bets on a Fed rate cut.

The crypto market added $150 billion on Tuesday afternoon as Bitcoin rose to $94,000, climbing over 2.5% on the day.

Bitcoin’s move helped lift the broader market, with ETH up 6% to $3,320, SOL at $140, and XRP reaching $2.10. The upward momentum was likely driven by market expectations of a 25 basis point rate cut, which is already being priced in ahead of tomorrow’s FOMC meeting.

Disclaimer

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

Over the past several days, the exchange between Kamino and Jupiter has escalated from healthy competition to a clear public dispute. The events started on Nov. 27, when Jup Lend introduced a refinancing tool on its frontend to migrate looping positions from Kamino Multiply directly into Jup Lend with a single click. The refinance operation initiated an atomic transaction involving four steps:

Repay outstanding debt on Kamino.
Withdraw the associated collateral.
Transfer these assets to Jupiter Lend.
Recreate the position inside Jupiter Lend, maintaining the same loan amount and collateral ratio.

On Dec. 2, Kamino updated its smart contracts to block Jupiter’s program, preventing one-click refinancing. Both the Jupiter and Fluid teams (Jup Lend uses Fluid in the backend) framed the move as anti-competitive and against “open-finance principles.”

On Dec. 6, Kamino’s co-founder publicly explained the rationale for blocking Jup Lend’s migration tool, noting that Jupiter had repeatedly suggested that borrowers’ collateral is isolated, implying it is neither rehypothecated nor exposed to cross-contamination risk. However, this claim was not true, with even Fluid’s co-founder acknowledging rehypothecation within Jup Lend.

​Notably, Kamino never prevented users from repaying their loans manually and withdrawing their capital to Jup Lend. Whether against open-finance principles or not, the move to block the refinancing program was fundamentally a business decision, much like Jup Lend’s decision not to open-source its code (though it has plans to do so). In this regard, it’s interesting to analyze the competitive dynamics between both money markets over the past few months.

Since its launch in late August, Jup Lend has grown to $1.6 billion in deposits and $610 million in borrows. The chart below shows that Kamino’s deposits and borrows have decreased by $1.3 billion (-28%) and $460 million (-26%), respectively, during the same period. 

The top five assets by deposit growth since Jup Lend’s launch are USDC ($485 million), JLP ($225 million), SOL ($206 million), syrupUSDC ($174 million), and jupSOL ($85 million). During the same period, Kamino has seen sizable outflows for all of these assets, except syrupUSDC. However, even for syrupUSDC, Jup Lend still attracted roughly 3x more inflows. 

Kamino’s growth over the past few months has come from assets not yet supported by Jup Lend. In particular, stablecoin inflows in Q4 have been driven by PYUSD ($42 million) and Phantom’s CASH ($125 million). Kamino has also been proactive in onboarding DATCO LSTs; most notably dfdvSOL and more recently fwdSOL.

Kamino’s PRIME integration stands out as a catalyst that can bring net new inflows into the money market. PRIME gives users exposure to a regulated credit pool backed by US real estate loans originated and serviced through Figure. This integration effectively gives access to a source of yield uncorrelated from crypto markets that may attract more institutional borrowers.

Wrapping up, Kamino and Jup Lend are obviously competitors, and competition is healthy as it drives innovation and ultimately benefits users. That said, as Solana Foundation’s Lily Liu noted, instead of fighting with each other, Kamino and Jupiter should focus on growing the pie and capturing market share from other chains and TradFi thereafter. Combined, both money markets still account for less than 10% of Aave’s deposits, and without initiatives like the PRIME integration, it will be impossible to close this gap.

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Mallers says the firm will “buy as much bitcoin as they possibly can” as corporate BTC treasury adoption continues to accelerate.

Photo: Eva Marie Uzcategui

Key Takeaways

Twenty One Capital plans an aggressive strategy to acquire as much Bitcoin as possible.
More companies are adopting Bitcoin as a treasury reserve, with Twenty One Capital joining this trend.

Twenty One Capital CEO Jack Mallers plans to pursue an aggressive Bitcoin acquisition strategy, stating the company will “buy as much bitcoin as they possibly can.”

The news comes as Twenty One Capital began trading on the NYSE earlier today. Mallers, who leads the digital asset firm formerly known as XXI, made the announcement without specifying a target amount or timeline for the purchases.

Disclaimer

The Federal Reserve’s final meeting of 2025 kicked off on Tuesday, Dec. 9, with the central bank expected to announce its last monetary policy decision of the year at 2:00 p.m. ET on Wednesday.

Summary

The Fed is expected to announce a 0.25% rate cut on Wednesday, marking its third reduction of 2025.
Historically, Bitcoin tends to rally after rate cuts.
Despite volatility, both Bitcoin and Ethereum showed positive movement ahead of the announcement.

Investors are anticipating a 0.25% rate cut, marking the third such reduction of the year, with data from the CME Group showing a 90% probability of the cut.

Polymarket gamblers also lean toward a 0.25% rate reduction, driven by ongoing concerns about the labor market. See below.

Odds of Fed cut are rising | Source: Polymarket
Historically, Bitcoin has reacted positively to rate cuts, as lower interest rates make non-yielding assets like the cryptocurrency more attractive, often weakening the dollar in the process.

However, recent market reactions have been more mixed, with Bitcoin and other assets showing initial dips after cuts in 2025, suggesting that investors are increasingly focused on Fed communications, particularly Jerome Powell’s tone, and broader liquidity conditions rather than just the rate change itself.

Despite the volatility, Bitcoin and Ethereum were both showing positive movement at last check, with analysts predicting that further cuts in late 2025 or early 2026 could lead to rallies despite the current market turbulence.

Source: CoinGecko
At last check Tuesday, at about 4 p.m. EST, Bitcoin was up about 2.6% for the day. Ethereum was up about 6%. In contrast, altcoins (as of midday Tuesday) were in the red. See below.

Top laggards in the ongoing crypto market pullback | Source: CMC
Stablecoin outflows 
Data compiled by Nansen shows that the balance of stablecoins in exchanges has plunged to $86 billion, its lowest level since October. They have been in a freefall after peaking at $94 billion on Nov. 6 this year, a sign that investors have embraced a risk-off sentiment.

Stablecoin inflows and outflows | Source: Nansen
The ongoing stablecoin trends have coincided with the market’s deleveraging. Data compiled by CoinGlass shows that the futures open interest fell by 0.3% in the last 24 hours to $130 billion. 

Falling futures open interest and a flattened funding rate are signs of weak demand in the futures market, which recently dominated the crypto trading industry. 

Federal Reserve interest rate decision ahead 
There is a likelihood that Bitcoin and other altcoins will drop after the cut for three main reasons.

First, the interest rate cut has been priced in by market participants, meaning that investors may sell the news.
Second, the Fed may deliver a hawkish interest rate cut, signaling that it will hold rates steady for a while as it monitors incoming data.
Third, a rate cut may trigger inflation in the U.S., prompting the Fed to either keep rates steady for a while or even hike them in 2026. This fear explains why US bond yields have risen over the past few weeks, with the 10-year yield rising to 4.18%.

The ongoing crypto market pullback confirms out warning on Monday that the rally was likely a dead-cat bounce, a situation where an asset in a free fall rises and then resumes the downtrend.

Key takeaways:

Ethereum’s base layer activity has cooled, with fees and TVL dropping, showing slower demand despite the recent price recovery.

Layer-2 networks are growing rapidly, helping to support Ethereum even as base layer usage weakens and traders remain cautious.

Ether (ETH) rallied to a three-week high near $3,400 on Tuesday after weak United States job market data reinforced expectations that US monetary policy could become less restrictive sooner than previously thought.

Even with the 11.2% weekly gains, traders still worry that sluggish Ethereum network activity and limited demand for bullish leverage may curb the short-term upside.

Blockchains ranked by 7-day network fees, USD. Source: NansenNansen data shows that Ethereum’s 30-day network fees dropped by 62%, a far deeper pullback than the roughly 22% decline observed on Tron, Solana and HyperEVM during the same window. 

Some activity, however, stood out: transactions on Base rose 108%, while Polygon recorded an 81% increase, suggesting continued momentum across Ethereum’s expanding layer-2 ecosystem.

The Ethereum Fusaka upgrade on Dec. 3 introduced changes designed to improve rollup efficiency, which may have contributed to the lower network fees noted throughout the month.

ETH perpetual futures 8-hour funding rate. Source: CoinGlassOn Tuesday, the annualized funding rate for ETH perpetual futures held near 9%, reflecting a fairly even distribution of leveraged positions between buyers (longs) and sellers (shorts). Under normal market conditions, this indicator tends to oscillate between 6% and 12% to account for capital costs; levels above that range usually signal stronger bullish positioning.

Traders turned more defensive after the US Bureau of Labor Statistics reported 1.85 million layoffs in October, the highest figure since 2023. Markets are now pricing in a 0.25% interest rate cut by the US Federal Reserve on Wednesday, while attention shifts to Fed Chair Jerome Powell’s comments following the Committee meeting.

Ethereum’s layer-2 growth offsets base layer fee declinesDespite the recent bullish momentum, Ether still trades 32% below its all-time high of $4,597 from August. To gauge whether demand for the Ethereum network is genuinely declining, it’s useful to look at the impact on decentralized applications (DApps).

Ethereum network 7-day DEX volumes (left) vs. DApps revenue (right). Source: DefiLlamaVolumes on Ethereum-based decentralized exchanges fell to $13.4 billion over seven days, down from $23.6 billion four weeks earlier. Likewise, decentralized application revenues reached a five-month low of $12.3 million during the same period. Overall, demand for Ethereum’s base layer processing has been slipping since it peaked in late August.

Ethereum DApps with $500 million or higher in TVL. Source: DefiLlamaSome of Ethereum’s leading DApps saw a sharp drop in total value locked (TVL), including Pendle, Athena, Morpho and Spark. Aggregate TVL on the Ethereum base layer fell to $76 billion from $100 billion two months earlier. Even so, Ethereum’s dominance remains intact with a 68% market share, while runner-up Solana holds under 10%.

Ether bulls argue that the network’s strong incentives for layer-2 scalability offer a more sustainable model compared with the heavier load and centralized coordination required by competing blockchains. Ethereum is positioned to capture a significant share of future growth in decentralized finance (DeFi).

US Securities and Exchange Commission Paul Atkins reportedly said in a FOX Business interview that tokenization of the US market could occur in “a couple of years,” adding that blockchain offers “huge benefits” such as predictability and transparency. Atkins said the US should “embrace this new technology, bring it onshore where it can work under American rules.”

While Ethereum’s base layer fees have seen a sharp decline, along with the drop in TVL, activity across the layer-2 ecosystem continues to expand. Currently, neither onchain nor derivatives data indicate a meaningful weakness in ETH price dynamics.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

BITW debuts with $1.25B AUM, offering streamlined exposure to Bitcoin, Ethereum, XRP, Solana, and Cardano in one regulated ETF.

Izabela Anna2 min read

9 December 2025, 09:32 PM

Bitwise has introduced a new multi-crypto ETF on NYSE Arca, giving investors streamlined access to major digital assets through one regulated product. The fund, listed under the ticker BITW, combines leading cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana, and Cardano. It enters the market with $1.25 billion in assets under management, which places it among the largest crypto index offerings available today. 

The launch arrives at a moment when demand for regulated, diversified crypto exposure continues to rise. Consequently, investors now have a structured route into digital assets without tracking individual markets or selecting single tokens.

New Rules-Based Structure Aims for Long-Term Market AlignmentBitwise shifted BITW from an index product into a fully exchange-traded structure after the SEC cleared the transition. The company built the fund around a rules-based index that ranks assets by market value while filtering them by risk and liquidity. 

Moreover, the ETF adjusts each month to reflect changing market conditions. The index currently allocates most of its weight to Bitcoin, which holds more than 74% of the basket. Ethereum follows with roughly 15%, while other assets receive smaller shares.

Bitwise CIO Matt Hougan said investors increasingly prefer regulated vehicles that remove the burden of selecting tokens. He pointed to rising institutional involvement and noted that structured exposure offers clarity during changing market cycles. Additionally, the firm uses public monthly index updates to maintain transparency and consistency across all holdings.

Bitwise Expands Its Product Pipeline for 2025 AdoptionThe company excluded several assets in past years due to concerns about sustainability. Hence, speculative tokens such as LUNA never entered previous versions of the index even during their peak. 

Bitwise continues to apply that approach as it expands its product portfolio. The firm recently advanced plans for an Avalanche ETF and introduced a Dogecoin-focused vehicle to serve niche market segments.

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Izabela Anna

Izabela Anna is a knowledgeable freelance journalist, who boasts over five years of experience covering the cryptocurrency market. Her tenure has seen her navigate through the ebbs and flows of multiple market cycles, giving her a deep understanding within. Her journalistic focus lies in dissecting price action dynamics, scrutinizing the on-chain landscape, and providing insights from a technical perspective, making her a trusted voice in the realm of cryptocurrency reporting.

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