Market Signal Briefing

Horizon Investments wrapped up its 2025 ETF launch campaign with three actively managed funds offering investors exposure to both U.S. small- and midcap stocks and international markets.

The Charlotte-based firm listed the Horizon International Equity ETF (FRGN), the Horizon Small/Mid Cap Core Equity ETF (SMOX), and the Horizon International Managed Risk ETF (SFTX) on the New York Stock Exchange on Wednesday, according to a company announcement.

The launches bring Horizon’s total ETF lineup to 12 funds, all introduced this year, according to the firm. Each new fund charges between 0.75% and 0.82% in annual expenses and uses quantitative models to select securities based on factors like value, momentum, and quality.

FRGN invests in non-U.S. companies across developed and emerging markets with a 0.75% expense ratio. The fund combines active management with computer-driven models to allocate investments across different countries and market sectors, according to the prospectus.

SMOX targets U.S. small- and midcap companies, following a similar approach to FRGN. The fund also carries a 0.75% expense ratio and seeks returns through a mix of human oversight and algorithmic stock selection, the prospectus shows.

Meanwhile, SFTX takes a different path by incorporating Horizon’s Risk Assist framework, which shifts money into U.S. Treasury securities or cash during volatile markets. The international equity fund charges 0.82% annually, according to the prospectus.

New ETF Launch Strategy
All three funds use put spread transactions — a combination of buying and selling options contracts — to generate additional income. The strategy involves simultaneously selling one option while buying another at a lower price to limit potential losses, according to the prospectuses.

“Each solution we build is based on direct feedback from financial advisors and the portfolio construction challenges they face,” Clark Allen, head of product at Horizon, said in the announcement.

The firm launched all 12 of its ETFs in less than a year. Horizon works with financial advisors to create investment strategies designed to help clients meet specific financial goals, according to the company.

For more news, information, and strategy, visit ETF Trends.

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NEW YORK, Dec. 03, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Primo Water Corporation (NYSE: PRMW) between June 17, 2024 and November 8, 2024, both dates inclusive, and/or (ii) purchasers of common stock of Primo Brands Corporation (NYSE: PRMB) between November 11, 2024 and November 6, 2025 (the “Class Period”), of the important January 12, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Primo Brands 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 Primo Brands class action, go to https://rosenlegal.com/submit-form/?case_id=47890 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, Primo Brands formed following the November 8, 2024 merger between Primo Water and BlueTriton Brands, is a branded beverage company that offers beverage products across a variety of formats, channels, and price points. According to the lawsuit, throughout the Class Period, defendants misrepresented and failed to disclose key facts about the merger between Primo Water and BlueTriton Brands, including facts regarding the progress of the merger integration. Defendants issued a series of materially false and misleading statements that led investors to believe the merger would accelerate growth, generate transformative operational efficiencies, achieve meaningful synergies, and deliver strong financial results, and that the merger integration was proceeding “flawlessly.” When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Primo Brands class action, go to https://rosenlegal.com/submit-form/?case_id=47890 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, 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.

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

As central as NVIDIA NASDAQ: NVDA is to the AI-driven semiconductor supercycle, it is not the only semiconductor stock set to benefit. While AI, GPUs, and data center capabilities are at the core of the movement, they are impacting various sectors across the economy and are complemented by steady industrial demands. The industrial chip market has been under pressure for years due to supply imbalances stemming from the COVID-19 pandemic and subsequent post-pandemic supply-chain disruptions. The story at the end of 2025 is that demand is improving and growing in critical markets, including telecom and automotive, with AI underpinning the long-term outlook. Advancing and evolving AI means the evolution of all things technological, a cycle that will play out over years, if not decades. 

A look at the Philadelphia Semiconductor Index NASDAQ: SOXX reveals a market in rally mode, poised to set new highs by the end of 2025. While the action is underpinned by NVIDIA’s consensus analysts' forecast for a 45% upside as of early December, it is not the only stock driving the action. 

Get Analog Devices alerts:

Broadcom and Advanced Micro Devices Are the Top 2 Semiconductor Stocks to Own in 2026
Broadcom Today

$380.61 -0.96 (-0.25%)

As of 04:00 PM Eastern

52-Week Range$138.10▼

$403.00Dividend Yield0.62%

P/E Ratio97.09

Price Target$383.00

In fact, unlike the S&P 500 index, NVIDIA is only the third-largest holding, with Broadcom NASDAQ: AVGO and Advanced Micro Devices NASDAQ: AMD making up larger portions of the fund.

This reflects the broader strength across the semiconductor sector, where AI-driven demand is fueling growth for multiple companies—not just NVIDIA.

Both AVGO and AMD are well-positioned in the race to dominate GPU technologies, which are central to AI, data center expansion, and advanced computing workloads.

Advanced Micro Devices Today

AMD

Advanced Micro Devices

$217.60 +2.36 (+1.10%)

As of 04:00 PM Eastern

52-Week Range$76.48▼

$267.08P/E Ratio107.72

Price Target$278.54

Broadcom’s leadership in networking and custom silicon, paired with AMD’s progress in GPU and CPU architecture, supports analyst expectations for significant market share gains and revenue acceleration by 2026. While NVIDIA continues to draw headlines—including for its $2 billion investment in chip design innovation—these two companies also play foundational roles in building the infrastructure behind AI.

Although AVGO and AMD currently lead the fund’s allocations, other semiconductor stocks are strategically aligned with the same long-term demand drivers.

Several are well-positioned to benefit from continued AI adoption, industrial recovery, and expanding chip applications across telecom and automotive markets.

Top-Three Micron Technology’s Outlook Swells on Product Demand and Pricing
Micron Technology Today

MU

Micron Technology

$234.16 -5.33 (-2.23%)

As of 04:00 PM Eastern

52-Week Range$61.54▼

$260.58Dividend Yield0.20%

P/E Ratio30.85

Price Target$221.29

Micron Technology NASDAQ: MU is critical to the AI industry because of its position in the HBM market. HBM, specifically HBM3 and the subsequent HBM4 architecture, is vital for AI and datacenter operations and in high demand. Each GPU, whether sold by NVIDIA, Broadcom, or Advanced Micro Devices, uses multiple stacks of HBM chipsets, making the market highly in demand. 

The takeaway in December is that demand is driving shortages that affect adjacent HMB markets, including automotive, telecom, and gaming/graphics, and prices are rising. The impact on Micron is accelerating growth and explosive margins, as evidenced by the fiscal Q4 release. Revenue growth accelerated sequentially by nearly 1,000 basis points to 46%, before the latest round of price increases took effect and is expected to remain strong. Analysts have been lifting their forecasts for calendar 2026 and now expect a 50% revenue growth and 100% earnings growth. Analysts have also been raising their stock price targets, pointing to another 50% upside for this market. 

Fourth-Place Marvell Technology to Experience Material Strength for 2 Years
Marvell Technology Today

MRVL

Marvell Technology

$100.20 +7.31 (+7.87%)

As of 04:00 PM Eastern

52-Week Range$47.08▼

$127.48Dividend Yield0.24%

Price Target$111.00

Marvell Technology NASDAQ: MRVL affirmed its place in the AI ecosystem with its Q3 fiscal year 2026 earnings report. The report was better than expected and was compounded by robust guidance, spurring an equally strong response from the analysts. Not only were results underpinned by a solid 38% increase in the Datacenter-specific business, but its Networking and Communications businesses grew by much stronger amounts. The critical detail is the guidance, which expects robust growth to continue in the current quarter, and the cash flow it produces. 

Marvell puts its cash to good use, maintaining a fortress balance sheet, investing in growth, and returning capital to investors. Capital returns are substantial, but the token dividend is reliable, and share buybacks reduce the count quarterly. The Q3 activity reduced the share count by approximately 0.75% and is expected to continue in the upcoming quarters. Analysts are lifting their stock price targets following the release and point to a 30% to 40% upside at the high end. 

Fifth-Place Analog Devices Growth Is Accelerating
Analog Devices Today

ADI

Analog Devices

$278.24 +5.27 (+1.93%)

As of 04:00 PM Eastern

52-Week Range$158.65▼

$278.78Dividend Yield1.42%

P/E Ratio61.02

Price Target$281.87

Analog Devices NASDAQ: ADI was among the first industrial semiconductor manufacturers to indicate the industry's bottom. That occurred earlier in calendar 2025 and has accelerated since.

Revenue growth accelerated sequentially, and year-over-year (YOY) in fiscal Q4 2025, and the guidance for 2026 is strong. The company forecasts YOY growth to accelerate again in Q1 and may be cautious in its estimates. 

Other pertinent details include significant margin expansion, expectations for additional improvement, and cash flow, which supports dividends and share buybacks. Analog Devices' capital return is more substantial than Marvell's, although the upside potential, as indicated by analyst trends, is less. The dividend yields about 1.4% as of early December, and buyback activity reduced the count by more than 1% for the quarter. 

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Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

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Shift4 Payments, Inc. (FOUR) UBS Global Technology and AI Conference 2025 December 3, 2025 2:15 PM EST

Company Participants

Christopher Cruz - Chief Financial Officer

Conference Call Participants

Timothy Chiodo - UBS Investment Bank, Research Division

Presentation

Timothy Chiodo
UBS Investment Bank, Research Division

Alright. Welcome, everyone. We're really glad to be joined here by the team from Shift4. So Chris Cruz, the recently named CFO and long-time investor in Shift4. We've known Chris for many years now through various industry events, our NAPA conference, ETA and some industry events. So we were just really happy to see Chris named to the CFO position, and we're really pleased to have him here with us on stage. Thank you, Chris.

Christopher Cruz
Chief Financial Officer

Thank you, Tim. Thanks, everyone, at UBS, for having us. Really excited to be here.

Timothy Chiodo
UBS Investment Bank, Research Division

All right. And also a special thanks to Tom McCrohan. Tom, Head of IR for Shift4, works very closely with our team and also made the trip out here to Arizona. So again, we appreciate you both making time in your busy schedules to travel out here to be a part of our conference many years in a row now. So thank you to Shift4.

Question-and-Answer Session

Timothy Chiodo
UBS Investment Bank, Research Division

All right. Well, we've got a great list of topics to get through, and we're going to start off just addressing some of the recent macro that's been called out by the Shift4 team. Chris and Taylor and team talked about a little bit of volatility, right, some weeks up, some weeks down. And Chris, we just put a little bit of context around that and maybe talk a little bit about how investors should be thinking about some of the Q4 guidance metrics?

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C.H. Robinson Worldwide, Inc. (CHRW) UBS Global Technology and AI Conference 2025 December 3, 2025 12:55 PM EST

Company Participants

David Bozeman - President, CEO & Director
Damon Lee - Chief Financial Officer
Arun Rajan - Chief Strategy & Innovation Officer

Conference Call Participants

Seth Gilbert - UBS Investment Bank, Research Division

Presentation

Seth Gilbert
UBS Investment Bank, Research Division

All right. Thanks for joining us on day 3 of the UBS Tech Conference. My name is Seth Gilbert. I'm one of the SMid-cap software analysts here at UBS. And today, we're joined by the entire C.H. Robinson crew. Thanks for joining us. We got Dave Bozeman, CEO. We have Damon Lee, CFO; and Arun Rajan, Chief Strategy and Information Officer -- Innovation Officer, sorry.

I'm sure everyone's heard the C.H. Robinson name, but maybe you could give us a brief overview of kind of the company, the business model for some of our tech investors, and it is the AI conference. So maybe at the end, you can touch on how you're using generative AI and maybe give us a tangible example.

David Bozeman
President, CEO & Director

Yes, very good. Well, pleasure to meet you, Seth, and happy to be here. Just real quick, an overview of Robinson. We are essentially one of the largest logistics providers. And at our core, we essentially move the products that really power the world. And we do that every day at scale. 37 million shipments annually. We have over 83,000 customers. And we also interact with over 450,000 carriers. So really big scale from a logistics platform. But we also do solutions. We think we have the best logisticians in the world. And so it's a really big scale play.

The way it works is really in a 2-sided marketplace. On one side, you

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Glaukos Corporation (GKOS) Citi Annual Global Healthcare Conference 2025 December 3, 2025 1:45 PM EST

Company Participants

Joseph Gilliam - President & COO
Alex Thurman - Senior VP & CFO

Conference Call Participants

Joanne Wuensch - Citigroup Inc., Research Division

Presentation

Joanne Wuensch
Citigroup Inc., Research Division

[Audio Gap] Global Healthcare Conference with the management of Glaukos, and welcome.

Joseph Gilliam
President & COO

Thanks for having us.

Joanne Wuensch
Citigroup Inc., Research Division

I have extremely clear memories of sitting at this podium a year ago, and you were just starting to launch iDose. And I will have iDose questions, but I also have other questions about other things like Epioxa that were not even on the horizon a year ago.

Joseph Gilliam
President & COO

For you or for investors in general?

Joanne Wuensch
Citigroup Inc., Research Division

For Investors...

Joseph Gilliam
President & COO

Yes, yes.

Joanne Wuensch
Citigroup Inc., Research Division

All right. So I want to just do my favorite step back, sort of take attendance. Where is Glaukos today? How do you think about the company? And how is it different, maybe not versus last year but maybe versus 3 years ago?

Joseph Gilliam
President & COO

Yes. I mean I think what you're starting to see is the emergence of something that we've been hard at work at for a really long time. And obviously, pipelines and products don't emerge overnight. And so it's a part of Tom and the strategy from 10-plus years ago to be creating what we think are differentiated product solutions in large market opportunities and taking differentiated bets on how to tackle diseases based upon the needs of the patients and the physicians more than say core competencies of the organization going in the past, right?

To your

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Archer-Daniels-Midland Company (ADM) Goldman Sachs Industrials and Materials Conference 2025 December 3, 2025 3:30 PM EST

Company Participants

Juan Luciano - Chairman, CEO & President
Gregory Morris - Senior VP and President of Agricultural Services & Oilseeds

Conference Call Participants

Patrick Fischer - Goldman Sachs Group, Inc., Research Division

Presentation

Patrick Fischer
Goldman Sachs Group, Inc., Research Division

All right. We'll go ahead and get started. I think this is the last one for me anyway. I don't know if you guys got a few meetings.

Juan Luciano
Chairman, CEO & President

Last one for me.

Patrick Fischer
Goldman Sachs Group, Inc., Research Division

There we go. So we're very happy to welcome Archer-Daniels-Midland, ADM up to the stage with us today. Juan Luciano, Chairman and Board leader, Chief Executive Officer; and then Greg Morris, who's the President of the Agriculture Services and Oilseeds business, the core of the company. Again, thank you guys for spending some time with us today.

Question-and-Answer Session

Patrick Fischer
Goldman Sachs Group, Inc., Research Division

I think maybe start us off by just kind of looking at 2025, if you go back to January 1 of this year, kind of what's gone right, what's gone wrong? How does '25 look as a baseline year to then project into '26?

Juan Luciano
Chairman, CEO & President

Okay. So thank you, Duffy. Thank you for hosting this chat, and it's very good to be here in a very well-attended conference this year. So I appreciate that.

I think the environment in 2025 was very difficult and dynamic. And I think that the team focused on what we can control. You put all that energy on the team on the things that we can flex to defend ourselves from the conditions until the conditions improve. So I would say, if you think

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COLORADO SPRINGS, CO / ACCESS Newswire / December 3, 2025 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") declares its monthly dividend of $0.01 per common share payable on December 31, 2025 to shareholders of record as of December 19, 2025. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield.

Dividends may vary in amount and consistency or be discontinued at the Board of Directors' discretion depending on variables including but not limited to operational cash flows, Company development requirements and strategies, construction, spot gold and silver prices, taxation, general market conditions and other factors described in the Company's public filings with the U.S. Securities and Exchange Commission.

About Fortitude Gold Corp.:

Fortitude Gold is a U.S. based gold producer targeting projects with low operating costs, high margins, and strong returns on capital. The Company's strategy is to grow organically, remain debt-free, and distribute dividends. The Company's Nevada Mining Unit consists of seven high-grade gold properties located in the Walker Lane Mineral Belt and an eighth high-grade gold property in west central Nevada. The Isabella Pearl gold mine, located on the Isabella Pearl mineralized trend, is currently in production and the fully permitted County Line mine is in development. Nevada, U.S.A. is among the world's premier mining friendly jurisdictions.

Cautionary Statements: This press release contains forward-looking statements that involve risks and uncertainties. If you are risk-averse you should NOT buy shares in Fortitude Gold Corp. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding the Company's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material are forward-looking statements. All forward-looking statements in this press release are based upon information available to the Company on the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release.

Contact:

Greg Patterson
719-717-9825
[email protected]
www.Fortitudegold.com

SOURCE: Fortitude Gold Corp.

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Nvidia CEO Jensen Huang said he met with President Donald Trump on Wednesday and that the two men discussed chip export restrictions, as lawmakers consider a proposal to limit exports of advanced artificial intelligence chips to nations like China.

"I've said it repeatedly that we support export controls, and that we should ensure that American companies have the best and the most and first," Huang told reporters on Capitol Hill.

Lawmakers were considering including the Guaranteeing Access and Innovation for National Artificial Intelligence Act in a major defense package, known as the National Defense Authorization Act. The GAIN AI Act would require chipmakers like Nvidia and Advanced Micro Devices to give U.S. companies first pick on their AI chips before selling them in countries like China.

The proposal isn't expected to be part of the NDAA, Bloomberg reported, citing a person familiar with the matter.

Huang said it was "wise" that the proposal is being left out of the annual defense policy bill.

"The GAIN AI Act is even more detrimental to the United States than the AI Diffusion Act," Huang said.

Nvidia's CEO also criticized the idea of establishing a patchwork of state laws regulating AI. The notion of state-by-state regulation has generated pushback from tech companies and spurred the creation of a super PAC called "Leading the Future," which is backed by the AI industry.

"State-by-state AI regulation would drag this industry into a halt and it would create a national security concern, as we need to make sure that the United States advances AI technology as quickly as possible," Huang said. "A federal AI regulation is the wisest."

Trump last month urged legislators to include a provision in the NDAA that would preempt state AI laws in favor of "one federal standard."

But House Majority Leader Steve Scalise (R-LA) told CNBC's Emily Wilkins on Tuesday the provision won't make it into the bill, citing a lack of sufficient support. He and other lawmakers will continue to look for ways to establish a national standard on AI, Scalise added.

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

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

December 03, 2025 16:20 ET

 | Source:

Symbotic Inc.

WILMINGTON, Mass., Dec. 03, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced that it has commenced an underwritten public offering (the “Offering”) of 10,000,000 shares of its Class A common stock by the Company and SVF Sponsor III (DE) LLC, an affiliate of SoftBank Group Corp. (the “Selling Securityholder”). The Company is offering 6,500,000 shares of its Class A common stock and the Selling Securityholder is offering 3,500,000 shares of Class A common stock. Symbotic expects to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its Class A common stock at the public offering price, less underwriting discounts and commissions.

Symbotic currently intends to use the net proceeds from the Offering for general corporate purposes. The Selling Securityholder will receive all the net proceeds from the sale of shares of Class A common stock sold by them in the Offering.

Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are acting as lead book-running managers of the proposed Offering. TD Securities is acting as an additional book-running manager of the proposed Offering.

The Offering is being made only by means of a prospectus supplement and the accompanying prospectus, copies of which, when available, may be obtained from the offices of Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282, attention: Prospectus Department, by telephone at (866) 471-2526 or by email at [email protected] and from the offices of Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at (800) 831-9146.

The shares of Symbotic’s Class A common stock will be issued pursuant to an effective shelf registration statement on Form S-3. Before investing in the Offering, interested parties should read the prospectus and related prospectus supplement for the Offering, the documents incorporated by reference therein and the other documents Symbotic has filed with the U.S. Securities and Exchange Commission (“SEC”). These documents may be obtained for free by visiting the SEC’s website at www.sec.gov.

This press release is for informational purposes only and shall not constitute an offer to sell or a solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws of such state or jurisdiction.

ABOUT SYMBOTIC

Symbotic is an automation technology leader reimagining the supply chain with its end-to-end, A.I.-powered robotic and software platform. Symbotic reinvents the warehouse as a strategic asset for the world’s largest retail, wholesale, and food & beverage companies. Applying next-generation technology, high-density storage and machine learning to solve today's complex distribution challenges, Symbotic enables companies to move goods with unmatched speed, agility, accuracy and efficiency. As the backbone of commerce, Symbotic transforms the flow of goods and the economics of the supply chain for its customers.

FORWARD-LOOKING STATEMENTS

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but are not limited to, our expectations or predictions of future financial or business performance or conditions. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning our possible or assumed future actions, business strategies, events, backlog, or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” or “intends” or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed in Symbotic’s filings with the SEC, including the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained therein. These risk factors will be important to consider in determining future results and should be reviewed in their entirety. These forward-looking statements are expressed in good faith, and Symbotic believes there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Symbotic is not under any obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports, which Symbotic has filed or will file from time to time with the SEC.

INVESTOR RELATIONS CONTACT
Charlie Anderson
Vice President, Investor Relations & Corporate Development
[email protected]

MEDIA INQUIRIES
[email protected]

NEW YORK, Dec. 03, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of aTyr Pharma, Inc. (NASDAQ: ATYR).

Shareholders who purchased shares of ATYR 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/atyr-pharma-inc-loss-submission-form/?id=179483&from=3

CLASS PERIOD: November 7, 2024 to September 12, 2025

ALLEGATIONS: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating false and misleading statements and/or concealing material adverse facts concerning the efficacy of Efzofitimod, particularly, the drug’s capability to allow a patient to completely taper their steroid usage. The truth emerged on September 15, 2025 (pre-market) when aTyr hosted an investor call announcing that the EFZO-FIT study did not meet its primary endpoint. In pertinent part, defendants announced that the study did not meet the primary endpoint in change from baseline in mean daily OSC dose at week 48. Additionally, aTyr announced that the Company’s next step was to engage with the FDA to determine a path forward, given the disappointing topline results. Following this news, the price of aTyr’s common stock declined from a closing market price of $6.03 per share on September 12, 2025 to $1.02 per share on September 15, 2025, a decline of 83.2% in the span of just a single day.

DEADLINE: December 8, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/atyr-pharma-inc-loss-submission-form/?id=179483&from=3 

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of ATYR 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 December 8, 2025. 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

NEW YORK, Dec. 03, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of MoonLake Immunotherapeutics (NASDAQ: MLTX).

Shareholders who purchased shares of MLTX 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/moonlake-loss-submission-form/?id=179485&from=3

CLASS PERIOD: March 10, 2024 to September 29, 2025

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) It's sole drug candidate, SLK and BIMZELX share the same molecular targets (the inflammatory cytokines IL-17A and IL-17F); (2) SLK’s distinct Nanobody structure would not confer a superior clinical benefit over the traditional monoclonal structure of BIMZELX; (3) SLK’s distinct Nanobody structure supposed increased tissue penetration would not translate to clinical efficacy; and (4) based on the foregoing, defendants lacked a reasonable basis for their positive statements regarding SLK’s purported superiority to monoclonal antibodies.

DEADLINE: December 15, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/moonlake-loss-submission-form/?id=179485&from=3

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of MLTX 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 December 15, 2025. 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

COVINGTON, Wash., Dec. 03, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced a brand-new model home is now open in Toll Brothers at Maple Hills, a cul-de-sac community of single-family homes in Covington, Washington. The Toll Brothers Sales Center and the professionally designed model home are located at 25520 204th Place in Covington.

Toll Brothers at Maple Hills offers 22 new single-family homes ranging from 2,678 to 3,367+ square feet. Priced from the mid-$900,000s, the homes offer 4 to 6 bedrooms, 3 to 5 baths, and 2-car garages, with versatile options including lofts, flex rooms, daylight basements, and covered outdoor living spaces. Select homes back onto a protected private greenbelt, offering territorial views.

Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows customers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.

"Toll Brothers at Maple Hills offers home shoppers the perfect combination of luxury living and serene natural surroundings," said Todd Callahan, Regional President of Toll Brothers for the Pacific region. "The community is designed to provide a peaceful retreat while maintaining convenient access to nearby commuter routes, major employers, and future retail and dining options."

The community features a park with a playground, multi-use walking paths, and direct access to the trail system at neighboring Cedar Creek Park. Future retail shopping, dining, and entertainment at the planned LakePointe town center will be within walking distance. Additionally, the upcoming Covington Connector along 204th Ave. SE to Highway 18 will provide an easy commute to Seattle, Bellevue, and Seattle-Tacoma International Airport.

For more information on Toll Brothers at Maple Hills and other Toll Brothers communities in the Seattle area, call 844-845-5263 or visit TollBrothersatMapleHills.com.

About Toll Brothers

Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.

Toll Brothers has been one of Fortune magazine's World's Most Admired Companies™ for 10+ years in a row, and in 2024 the Company's Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron's magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

From Fortune, ©2025 Fortune Media IP Limited. All rights reserved. Used under license.

Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f56e439a-ad3d-48f2-9002-929d3f2261b6

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)

DETROIT — Hyundai Motor and General Motors are set to be two of the greatest beneficiaries of lower U.S. tariffs on imports, including vehicles, from South Korea.

The South Korean-based automaker is the largest U.S. importer of new vehicles from the country, followed by GM. Both automakers have paid billions of dollars in levies so far this year after President Donald Trump placed 25% tariffs on imported vehicles from South Korea and other countries in the spring.

The Trump administration this past week confirmed plans to lower tariffs on certain products, including vehicles, to 15% from South Korea. A notice about the implementation of the trade deal was posted Wednesday on the Federal Register. Other countries such as Japan and the United Kingdom also have negotiated lower tariff rates with the Trump administration.

Prior to the reduction, Hyundai reported U.S. tariffs costed the company 1.8 trillion won ($1.2 billion) in the third quarter, up from 828 billion won ($565 million) in the previous quarter. GM most recently said its tariff impacts, largely from South Korea and Mexico, were expected to be between $3.5 billion and $4.5 billion in 2025.

GM CFO Paul Jacobson said Wednesday that the automaker initially expected tariffs on South Korean imports to cost $2 billion but that the company has been able to offset many of those costs. He said GM expects the levies to cost closer to $1 billion or less in 2026.

"We do think that is going to be a tailwind next year, just not as much as the whole 50% because the ultimate tariff bill that we're going to pay this year for Korea was going to be a lot lower than the $2 billion from the stuff that we've been working on," Jacobson said during a UBS conference.

The U.S. tariff announcement comes after South Korea officially introduced legislation in its parliament aiming to fulfill its promise to invest $350 billion for the U.S. over several years.

"Korea's commitment to American investment strengthens our economic partnership and domestic jobs and industry. We are also grateful for the deep trust between our two nations," U.S. Commerce Secretary Howard Lutnick said in a statement posted Monday on X.

Hyundai North America CEO Randy Parker said the tariffs are still challenging but better than 25% as the automaker aims for a sixth-consecutive year of record U.S. retail sales in 2026.

"Fifteen percent is still 15%," he told CNBC during a phone interview Tuesday. "Getting to 15% is a great milestone. It's been quite the journey reaching this agreement, which has been, I would say, quite extensive."

Hyundai, including its Kia subsidiary that operates separately in the U.S., has significantly increased its sales and operations in the U.S. in recent years. But the automaker continues to import the majority of its vehicles — estimated to be nearly 1 million units this year — from South Korea.

GlobalData estimates more than 1.37 million vehicles, or about 8.6% of the U.S. sales this year, will be vehicles that were imported from South Korea — making the country the largest exporter of American-sold vehicles aside from Mexico.

Hyundai is expected to import more than 951,000 vehicles in 2026, according to GlobalData. That includes more than 369,000 for Kia and 582,000 for Hyundai and its luxury Genesis brand.

Hyundai aims to have more than 80% of its U.S. vehicle sales be produced locally by 2030, the company said this year. That compares with roughly 40% currently. 

Despite the tariffs, GM is estimated to import nearly 422,000 vehicles from South Korea this year to the U.S., according to GlobalData. That would be a 3.6% increase compared with record imports of more than 407,000 units last year.

GM has increasingly used South Korean plants to produce popular entry-level crossovers for Chevrolet and Buick. Its U.S. sales of South Korean-produced vehicles — largely entry-level models — have risen from 173,000 in 2019 to more than 407,000 last year, according to GlobalData.

GM, in an emailed statement, said the company "appreciates that negotiators have finalized an agreement on trade between the US and South Korea."

"GM's long-standing Korea operations produce high-quality, affordable crossovers that complement our U.S. vehicles and domestic production, which will soon rise to 2 million units. We will be monitoring and reviewing the details," GM said.

GM produces its Buick Encore GX and Buick Envista crossovers, as well as the Chevrolet Trailblazer and Chevrolet Trax crossovers, at plants in South Korea. The company has touted the vehicles as being a pinnacle for the automaker's profitable growth in lower-margin, entry-level vehicles.

The new U.S.-South Korea trade deal comes months after a period of tension between the two countries following an immigration raid at a battery plant jointly owned by Hyundai and LG Energy Solution in Georgia.

About 475 workers, including more than 300 South Koreans, were arrested in the Sept. 4 raid at the plant in Ellabell, Georgia, according to U.S. immigration officials. 

Envista Holdings Corporation (NVST) Evercore 8th Annual Healthcare Conference December 3, 2025 12:30 PM EST

Company Participants

Eric Hammes - Senior VP & CFO

Conference Call Participants

Elizabeth Anderson - Evercore ISI Institutional Equities, Research Division

Presentation

Elizabeth Anderson
Evercore ISI Institutional Equities, Research Division

We will get started. I'm Elizabeth Anderson. I'm Evercore's health care services and dental analyst. Very pleased to be joined by Eric Hammes and Jim Gustafson from Envista this morning, CFO and VP IR, respectively. As we sort of sit here in December of 2025, we've gotten different signals from different dental participants. And maybe that's a true -- maybe doesn't even -- that's not even true of December 2025, it's been true this whole year. So how do we think about the overall dental market and sort of the performance Envista has been seeing volume-wise?

Eric Hammes
Senior VP & CFO

Yes. I think let me maybe just start with the market, and I'll take it from the vantage point of like the whole dental market, a little bit by segment and then geo. And then let me try to kind of wrap it up by just giving a perspective on what we're seeing then internally in terms of Envista performance. So I would say for starters, we see the market in aggregate as being relatively similar to the way we've seen it maybe for the last 4 quarters or so. By our records according to our portfolio, the market has been growing. I think we sort of coined the term soft but stable. Maybe that's code for like low single-digit growth, but a relatively stable and predictable growth.

Sitting here in December, looking at fourth quarter, we see sort of that level of consistency. So I think that's probably point number one. If we look at

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Leidos Holdings, Inc. (LDOS) Goldman Sachs Industrials and Materials Conference 2025 December 3, 2025 12:10 PM EST

Company Participants

Chris Cage - Executive VP & CFO

Conference Call Participants

Noah Poponak - Goldman Sachs Group, Inc., Research Division

Presentation

Noah Poponak
Goldman Sachs Group, Inc., Research Division

All right. It's 12:10, so I'll say good afternoon. I'm Noah Poponak. I'm the Aerospace & Defense Equity Research Analyst at Goldman. Our next presentation out of our sector is going to be from Leidos.

With me on the stage is Chris Cage, who's the CFO. Chris, thanks so much for being with us today.

Chris Cage
Executive VP & CFO

Always a pleasure, Noah. You guys do a great job here with this conference. We love coming to it every year.

Noah Poponak
Goldman Sachs Group, Inc., Research Division

Awesome. Glad to hear that.

Question-and-Answer Session

Noah Poponak
Goldman Sachs Group, Inc., Research Division

Let's maybe just start on the kind of government backdrop. What is it like to be someone selling to the government these days? It's been an interesting time. Our things normalizing at all or is it still somewhat choppy out there?

Chris Cage
Executive VP & CFO

Yes, it's definitely been an interesting year and certainly not one that we had anticipated as we finished our year of deep strategic thinking at the end of last year. Coming into the year, we thought it would be a little bit different environment. But we've, I think, proven how nimble we've been as a company and how centrally positioned we are to our customers' missions as we've navigated this environment earlier this year with DOGE, then obviously kind of with the longest government shutdown in history that most recently wrapped up.

Filing through all of that, where we've been able to up

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, /PRNewswire/ -- The Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Telix Pharmaceuticals Limited ("Telix" or the "Company") (NASDAQ: TLX).

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN TELIX PHARMACEUTICALS LIMITED (TLX), CONTACT THE LAW OFFICES OF HOWARD G. SMITH BEFORE JANUARY 9, 2026 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Is The Lawsuit About?
The complaint filed alleges that, between February 21, 2025 and August 28, 2025, Defendants failed to disclose to investors that: (1) Defendants materially overstated the progress Telix had made with regard to prostate cancer therapeutic candidates; (2) Defendants materially overstated the quality of Telix's supply chain and partners; 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.

Contact Us To Participate or Learn More:
If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact:
Howard G. Smith, Esq.,
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Call us at: (215) 638-4847
Email us at: [email protected],
Visit our website at: www.howardsmithlaw.com.

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:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
[email protected]
www.howardsmithlaw.com

SOURCE Law Offices of Howard G. Smith

NEW YORK, Dec. 03, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Avantor, Inc. (NYSE: AVTR).

Shareholders who purchased shares of AVTR 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/avantor-inc-loss-submission-form/?id=179491&from=3 

CLASS PERIOD: March 5, 2024 to October 28, 2025

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Avantor’s competitive positioning was weaker than defendants had publicly represented; (2) Avantor was experiencing negative effects from increased competition; and (3) as a result, defendants’ representations about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.

DEADLINE: December 29, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/avantor-inc-loss-submission-form/?id=179491&from=3 

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of AVTR 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 December 29, 2025. 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

A bitter governance battle has erupted at CEA Industries, the largest publicly traded BNB treasury company in the United States, which now operates as BNB Network Company (BNC) with the Nasdaq ticker “BNC” after major shareholder YZi Labs issued formal demands to asset manager 10X Capital for what it describes as mismanagement and potential abandonment of the company’s core investment strategy.

YZi Labs announced that it had issued a notice to 10X Capital, citing mismanagement, value-destructive actions, and threatened violations of contractual agreements, just a few months after the two parties partnered on a $500 million private investment in the company. 

The deterioration in their relationship has culminated in a proxy fight, with YZi Labs seeking to overhaul the board through a consent solicitation process filed with the Securities and Exchange Commission (SEC).

YZi Labs accuses 10X Capital of mismanagement 
The dispute centers on allegations that 10X Capital, which manages BNC’s digital asset treasury, plans to pivot away from accumulating BNB tokens despite representations made to investors during the summer financing round. 

YZi Labs, the family office of Binance founder Changpeng “CZ” Zhao, contends that company management has informed market participants of plans to abandon the BNB ecosystem for alternative cryptocurrencies such as Solana, contradicting the investment thesis that attracted backers.

YZi Labs also claims that the recent moves by 10X Capital in collaboration with the current CEO of BNC have negatively impacted the company’s shares, adding that the BNC’s management, most of whom it claims were appointed by 10X, have misled shareholders and significantly damaged shareholder value through various actions.

According to the family office, 10x “delayed disclosure of basic information about BNC’s assets, such as: BNB holdings, share counts, mNAV, and lack of a public dashboard providing market-standard treasury transparency similar to other DAT leaders.”

It also claimed that there was a breach of fiduciary duty by David Namdar and Hans Thomas due to “their conflict of interest in refusing to amend BNC’s unconscionable AMA terms with 10X, and their promotion of competing Digital Asset Treasury (“DAT”) ventures, including the use of company resources to do so.”

In its press release, YZi Labs stated that the combined impact of both accused parties has “led to severe underperformance of BNC’s stock relative to peers, trading approximately 19% below the pre-PIPE announcement level and 87% below the post-announcement level.”

In contrast, it pointed out that BitMine Immersion Technologies Inc has performed way better, “rising 667% from its pre-announcement close and holding nearly flat, just 2% lower, post-announcement.”

Proxy battle intensifies
YZi Labs filed a preliminary consent statement with the SEC seeking stockholder support to expand the board and elect additional directors, a mechanism that allows shareholders to vote via written consent rather than waiting for a formal meeting. The firm directly owns roughly 2.15 million shares and holds warrants for more shares. 

The company demands that “10X, and its hand-picked directors and CEO, amend the BNC AMA and release to BNC’s shareholders the fundamental information expected of a publicly traded DAT, including an operational plan, an asset-management methodology, a risk framework, a reporting package, a personnel overview, and evidence of systems, controls, and infrastructure.” 

It also added that BNC shareholders should be provided with timely updates that reflect the amount of “BNB acquired and held, the number of outstanding shares of BNC, and other critical and market-standard information customarily disclosed by other DATs.”

The notice from YZi Labs also demanded that 10X provide written confirmation by December 5 that it will comply with the BNB treasury strategy as represented to investors and “that it has not improperly disposed of BNB assets.”

If you're reading this, you’re already ahead. Stay there with our newsletter.

Solana Mobile, a subsidiary of blockchain developer Solana Labs, said Wednesday that the native token for its mobile device's ecosystem will launch at the beginning of next year.

"It only takes 10 years to build an ecosystem," Solana Labs co-founder Anatoly Yakovenko posted on X in reply to a Solana Mobile post saying: "SKR is coming in January 2026."

The soon-to-be-launched token is the native asset of the Solana Mobile ecosystem. SKR is designed to power control, economics, incentives, and ownership across the ecosystem, and will be distributed directly to builders and users, the developers have previously said.

SKR will have a total supply of 10 billion tokens. Solana Mobile's tokenomics breakdown also states that at launch, 30% of tokens have been earmarked for airdrop and unlock. According to a post shared by the mobile devices' X account, airdrop tokens are meant for "Seeker users, active dApp users, etc."

In August, Solana Mobile said it had received "150,000 preorders" for the Solana Seeker and that “tens of thousands” of units were being shipped from warehouses to buyers in over 50 countries. Seeker is the second-generation handset from Solana Mobile.

Seeker is an Android-based device pre-loaded with blockchain features like a hardware security solution dubbed Seed Vault key storage, a built-in Solana dApp Store, and an onchain Genesis Token that grants holders early access to new apps and SKR token rewards.

More will be shared about the vision for SKR at the Breakpoint 2025 conference in Abu Dhabi, which takes place Dec. 11-13.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Chains Ranked by Total Value Locked (TVL) in RWAs – Source: RWA.xyz

Similarly, in the real-world assets market (RWA), Ethereum serves as the layer-one chain for $11.8 billion worth of assets with a 65% market share.

Moreover, in the stablecoins market, Ethereum has a 54% market share with $167 billion worth of these assets currently living on its mainnet.

At some point, the community questioned if the network could overcome its technical hurdles – e.g. limited scalability.

This posed a threat to its ecosystem growth and resulted in a ceiling of $4,000 for Ethereum multiple times.

However, now that both Pectra and Fusaka have shown that the developing team can work things out, the demand for ETH has increased to the point of pushing the token to a new all-time high recently.

ETH Makes Double Bottom at $2,750
The daily chart shows that ETH has bounced two times already after hitting the $2,750 area, making this the key support level to watch within the next few days. Double bottoms are high probability setups that could result in huge upside potential if they are confirmed.

Strategy's Bitcoin buying has dropped sharply in 2025, falling from a record 134K BTC in late 2024 to just 9.1K BTC last month.

Bitcoin can reach as high as $105k in December 2025, according to a recent analysis by popular crypto analyst Michael van de Poppe. The analysis came only hours after Bitcoin’s surprise price recovery earlier in the day, with the crypto reaching as high as $94k. The sudden surge in buying activity liquidated some shorts, and many more are likely to do so if the premier digital currency makes a dash for the $100k price level. 

Bitcoin to Drop to $88k then, Rocket to $105k later in the month
While many crypto traders were quite upbeat about the latest price appreciation, declaring a clear path to the $100k support level, van de Poppe gave an alternative proposal. He tweeted:

“Pretty strong move on $BTC, as it’s trading above the recent high and resistance.

There are multiple scenarios.

One of them is that we’ll continue to rally and hold $92K; however, I wouldn’t give that a large chance given the current market sentiment. 

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If $92K is lost, we’ll probably liquidate some longs and have a relatively harsh drop.

In that case, if $BTC corrects to anything between $88-90K, then that would be fine for the trend, as the lower timeframe is signaling that we’re in an uptrend.

I expect to see a test of $100K and potentially $105K during this month.”

Van de Poppe has over 815,000 followers on X (formerly Twitter), and he has been a major influencer in the crypto circles for the better part of the last 5 years. He refused to jump on the bullish bandwagon immediately and stated that we might have to brave a drop to $88k before embarking on a major offensive towards $100k. 

Bitcoin is currently just single percentage points away from reclaiming the crucial $100k price level. However, a move above this key psychological resistance is easier said than done, as billions of dollars’ worth of shorts liquidate just below $100k. 

Here is the liquidation heatmap situation:

Image Source: Coinglass
So, based on this liquidation orderbook, the path of least resistance is certainly downwards just below the $90k level, as predicted by van de Poppe, so a sizeable number of longs will be liquidated. However, today’s sudden uptick has caught some short sellers off guard and led to liquidations. More of these futures contracts will be executed if Bitcoin breaches the $100k price level. 

One X user disagreed on this take and replied:

“if $92K is lost, we’ll probably hear a lot of panic and see a lot of sell-offs”

However, many others were upbeat about this development, but unlike van de Poppe, they saw the $92k support level as an important level to watch. The following week will be crucial for a bullish close to the current calendar year. 

The highly anticipated Fusaka Upgrade for Ethereum is on the verge of going live on Wednesday, heralding significant enhancements to the network’s overall functionality. 

Analysts contend that this pivotal development could usher in a considerable supply crunch for ETH, potentially boosting its price during a challenging period for the broader cryptocurrency market.

Layer 2 Solutions To Boost ETH Burn
According to analysts at Bull Theory, the Fusaka Upgrade integrates components from previous upgrades—Osaka, Fulu, and PeerDAS—but its most impactful feature is its resolution of one of Ethereum’s biggest challenges. 

Layers 2 (L2) solutions have long utilized Ethereum’s security while contributing minimal fees back to the network. Despite L2 solutions like Base, Arbitrum, Optimism, and zkSync generating millions in fees from users, the fees recorded on Ethereum tended to diminish to nearly zero when they posted their data. 

Consequently, this meant that significant L2 activity did not result in substantial ETH being burned, even though approximately 85% of Ethereum transactions now occur on these Layer 2 solutions.

The Fusaka Upgrade fundamentally changes this dynamic. A key enhancement is EIP-7918, which mandates that Layer 2 transactions pay real fees to Ethereum. 

This adjustment ensures that every L2 transaction will contribute directly to the burning of ETH—something that was not previously guaranteed. The analysts assert that this feature represents one of the most significant value shifts since the introduction of EIP-1559.

Post-Fusaka Projections
The upgrade is further expected to broaden the scope of ETH burn from being predominantly derived from Layer 1 (L1) transactions to encompassing all L2 activity. 

Historically, most ETH burn has originated from mainnet transactions; thus, the network saw slight inflation in 2024–2025 as Layer 2s made transactions cheaper, leading to a decrease in ETH burn while staking continued to issue new ETH. 

Post-Fusaka, every L2 blob will incur a minimum cost, which will be burned. As Layer 2 adoption increases, the rate at which ETH is burned will also rise, contributing to increased scarcity of ETH.

This enhancement positions Ethereum to shift back towards deflation for the first time in several years. Currently, ETH issues around 620,000 new tokens annually for stakers while burning approximately 350,000 tokens. This results in a net slight inflation. 

However, projections following the Fusaka Upgrade, even with conservative estimates, suggest that the additional burn from L2 activity could range from 200,000 to 400,000 ETH per year. 

Combined with existing burn rates, this could bring the total to over 600,000 ETH, leading to a net neutral or slightly deflationary state for ETH. 

More bullish models predict that if L2 adoption flourishes and demand for blobs rises, burn rates could soar to between 900,000 and 1.2 million ETH annually, resulting in a supply decrease of 200,000 to 300,000 ETH each year. 

Monetary Transformation For Ethereum?
Another notable aspect of the Fusaka upgrade is PeerDAS, which enhances Layer 2 growth by reducing bandwidth requirements by 85%. This efficiency allows L2 solutions to publish more blobs at lower costs, resulting in increased fees and, consequently, more ETH burned.

The upgrade also increases the block gas limit from 36 million to 60 million, allowing more transactions to fit within each block. This increase means that more transactions can occur, leading to higher fees collected and a corresponding rise in burning. 

Furthermore, lower fees for transactions—such as swaps, bridges, on-chain gaming, and social applications—will likely drive more usage, resulting in increased transactions and higher ETH burn.

Ultimately, the analysts believe that the Fusaka Upgrade represents a significant monetary transformation for Ethereum, indicating that the network is not only scaling but also beginning to monetize that scaling effectively.

The daily chart shows ETH’s price recovery above the key $3,000 mark. Source: ETHUSDT on TradingView.com
Featured image from DALL-E, chart from TradingView.com