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Filing represents another important step in advancing Coosa, the largest and most developed graphite deposit in the contiguous United States

CENTENNIAL, Colo.--(BUSINESS WIRE)--Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite company (“Westwater” or the “Company”), today announced that it has submitted a Section 404 permit application to the U.S. Army Corps of Engineers for the Company’s Coosa Graphite Deposit in Coosa County, Alabama.

“Submission of the Section 404 permit application reflects continued progress in advancing Coosa through the permitting process,” said Frank Bakker, President and Chief Executive Officer of Westwater Resources.

Share The Section 404 permit application, submitted under the Clean Water Act, represents an important step in the permitting process for Coosa. The application relates to certain potential impacts to water associated with future development activities at the project site.

“Submission of the Section 404 permit application reflects continued progress in advancing Coosa through the permitting process,” said Frank Bakker, President and Chief Executive Officer of Westwater Resources. “Coosa is intended to serve as a future domestic feedstock source for our Kellyton Graphite Plant, supporting our objective of developing a secure U.S. vertically-integrated supply of battery-grade graphite.”

The Section 404 application follows the Company’s previously announced permit application filed earlier this year with the Alabama Department of Environmental Management (“ADEM”). Together, these permitting steps support Westwater’s continued advancement of Coosa through environmental review and permitting.

Coosa is listed on the federal FAST-41 Permitting Dashboard, which provides a publicly available timetable for environmental review and permitting activities. Westwater expects to continue advancing Coosa in alignment with the FAST-41 process and currently anticipates evaluating a final investment decision for the Coosa project following completion of the broader permitting process.

The Coosa Graphite Deposit is located approximately 30 miles from Westwater’s Kellyton Graphite Plant in east-central Alabama. Coosa is the largest and most developed graphite deposit in the contiguous United States and will provide a long-term domestic source of natural flake graphite feedstock, while Kellyton is being developed to process natural flake graphite into battery-grade graphite. Together, these assets support Westwater’s vertically-integrated, mine-to-market strategy of developing U.S.-based graphite production capacity for domestic battery supply chains.

About Westwater Resources, Inc.

Westwater Resources, Inc. (NYSE American: WWR) is a critical minerals and energy technology company advancing a vertically integrated, mine-to-market platform for battery-grade natural graphite in the United States. The Company’s platform is anchored by the Coosa Graphite Deposit in Alabama, the largest natural flake graphite deposit in the contiguous United States, and the Kellyton Graphite Plant, a processing facility designed to produce coated spherical purified graphite (CSPG), a key material used in lithium-ion battery anodes. For more information, visit WestwaterResources.com.

Cautionary Statement Regarding Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words and phrases such as “important step,” “advancing,” “largest and most developed,” “potential impacts,” “future development,” “continued progress,” “intended to serve,” “continued advancement,” “expects,” “continued advancing,” “currently anticipates,” “will provide,” “designed to produce,” and other similar words and phrases. Forward looking statements include, among other things, statements concerning operational developments including the construction of the Kellyton Graphite Plant, the development of the Coosa Graphite Deposit and its inclusion on the federal FAST-41 dashboard, and the costs, schedules, production and economic projections associated with both of them. The Company cautions that there are factors that could cause actual results to differ materially from the forward-looking information that has been provided.

The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of the Company; accordingly, there can be no assurance that such suggested results will be realized. Those uncertainties and other factors are discussed in Westwater’s Annual Report on Form 10-K for the year ended December 31, 2025, and subsequent securities filings, and they could cause actual results to differ materially from management expectations.

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Warren Buffett stepped down as CEO of Berkshire Hathaway (NYSE: BRK-B | BRK-B Price Prediction) on December 31, 2025, after six decades leading the conglomerate he transformed from a struggling textile mill into a $1 trillion empire. The “Oracle of Omaha” left his successor, Greg Abel, with a very concentrated portfolio: 70% of Berkshire’s $381 billion portfolio is invested in just seven stocks. Abel, who has served as vice chair overseeing non-insurance operations, officially took over as CEO on January 1, 2026. At 95 years old, Buffett isn’t fully retiring—he will remain chair of the board and plans to continue coming to the Omaha headquarters as much as before. However, he has stated he will be “going quiet” and leaving all decision-making to Abel.

One thing is for sure: the new CEO got to work in the first quarter, and 16 companies were eliminated, leaving just 26 stocks in the Berkshire Hathaway portfolio. In addition, Abel stunned the world as the company made its first major acquisition of a publicly traded company in years, buying homebuilder Taylor Morrison (NYSE: TMHC). The deal was priced at $72.50 per share in an all-cash transaction, implying an equity value of $6.8 billion and an enterprise value of $8.5 billion, including the homebuilder’s net debt. The agreement, one of the first major acquisitions under Abel, delivers a 24% premium to the target’s prior stock price. It is expected to close in the second half of the year, with Taylor Morrison continuing to operate under its existing management team. Before Taylor Morrison, the company’s last major buyout of an entire publicly traded company was Alleghany, which was acquired for $11.6 billion in 2022.

After the portfolio purge and the first acquisition since the purchase of OxyChem from Occidental Petroleum, just four stocks now make up 53.8% of the Berkshire Hathaway portfolio. Of the four stocks, only one saw any selling in the first quarter. However, the sale was quite minor, reducing their massive investment by less than 1%.

Why do we cover Berkshire Hathaway stocks? Few investors have the results and reputation that Buffett has garnered over the past 60 years. Though he has stepped away from the CEO chair, his impact and investment guidelines are likely to remain in place long after he is gone. While investing has evolved since Buffett took control of Berkshire Hathaway in 1965, buying good companies with products and services recognized worldwide and paying dividends will always remain a timeless approach.

Here are the four companies that now make up 53.8% of Berkshire Hathaway. All are rated Buy at top Wall Street firms we cover.

American Express American Express (NYSE: AXP) is an American bank holding company and multinational financial services corporation specializing in payment cards. The stock pays a dividend yield of 1.07%. American Express is a globally integrated payments company operating card-issuing, merchant-acquiring, and card network businesses.

The company offers products and services to customers worldwide, including consumers, small businesses, mid-sized companies, and large corporations. Its segments include:

U.S. Consumer Services, which offers travel and lifestyle services, as well as banking and non-card financing products. Commercial Services offers payment, expense management, banking, and non-card financing products. International Card Services provides services to international customers, including travel and lifestyle services, and manages certain international joint ventures and its loyalty coalition business. Global Merchant and Network Services operates a payments network that processes and settles card transactions, acquires merchants, and provides multichannel marketing programs, capabilities, services, and data analytics. Berkshire Hathaway owns 151,610,700 shares, 22% of American Express’s float and 14.2% of the portfolio.

Goldman Sachs has a Buy rating with a $400 target price.

Apple Apple (NASDAQ: AAPL) designs, develops, and sells consumer electronics, computer software, and online services, offering a small dividend of 0.35%. It is almost incomprehensible that the legacy technology giant, even after a recent fourth-quarter sale of 10 million shares and a surge in sales over the past two years, still holds a 227,917,808-share position that accounts for 21.8% of the Berkshire Hathaway portfolio, which holds 1.6% of Apple’s stock.

The company offers:

The iPhone, a line of smartphones Mac, a line of personal computers iPad, a line of multi-purpose tablets Wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod Apple also offers AppleCare support and cloud services, and operates various platforms, including the App Store, which enables customers to discover and download applications and digital content, such as books, music, videos, games, and podcasts.

In addition, the company offers various services, such as:

Apple Arcade, a game subscription service Apple Fitness+, a personalized fitness service Apple Music, which gives users a curated listening experience with on-demand radio stations Apple News+, a subscription news and magazine service Apple TV+, which offers exclusive original content Apple Card, a co-branded credit card Apple Pay, a cashless payment service Wedbush has an Outperform rating with a $400 target price.

Bank of America While Buffett trimmed his position in a big way over the past two years, this quality financial giant remains an exceptional long-term holding with a solid 2% dividend yield. Bank of America (NYSE: BAC) is a bank holding company that reported impressive Q4 results. Berkshire Hathaway owns 513,624,165 shares, which is 8.3% of the portfolio and 7.2% of the float. Berkshire did lower its Bank of America position in Q1 2026, but only modestly. According to the Q1 2026 13F filing, it was reduced by just 0.71%, a tiny cut compared to other positions.

Its segments include:

Consumer Banking offers a range of credit, banking, and investment products and services to consumers and small businesses. Global Wealth & Investment Management (GWIM) comprises two businesses: Merrill Wealth Management, which offers tailored solutions to meet clients’ needs through a comprehensive suite of investment management, brokerage, banking, and retirement products. Bank of America Private Bank provides comprehensive wealth management solutions. Global Banking offers a range of lending-related products and services, including integrated working capital management and treasury solutions, as well as underwriting and advisory services. Global Markets offers sales and trading services, as well as research services, to institutional clients across fixed income, credit, currency, commodity, and equity markets. UBS has a Buy rating with a $63 target price.

Coca-Cola Coca-Cola (NYSE: KO) is an American multinational corporation founded in 1892. This company remains a top long-time holding of Buffett. Berkshire owns 400 million shares, representing 9.3% of the float and 9.7% of the portfolio. The stock pays a dependable 2.46% dividend.

Coca-Cola is the world’s largest beverage company, offering consumers more than 500 sparkling and still brands. Led by Coca-Cola, one of the world’s most valuable and recognizable brands, the portfolio features 20 billion-dollar brands, including:

Diet Coke Coca-Cola Light Coca-Cola Zero Sugar Caffeine-free Diet Coke Cherry Coke Fanta Orange Fanta Zero Orange Fanta Zero Sugar Fanta Apple Sprite Sprite Zero Sugar Simply Orange Simply Apple Simply Grapefruit Fresca Schweppes Dasani Fuze Tea Glacéau Smartwater Glacéau Vitaminwater Gold Peak Ice Dew Powerade Topo Chico Minute Maid Globally, it is the top provider of sparkling beverages, ready-to-drink coffees, juices, and juice drinks. Through the world’s most extensive beverage distribution system, consumers in more than 200 countries enjoy the company’s beverages at a rate of over 1.9 billion servings per day. And remember that the company owns 19.5% of Monster Beverage (NASDAQ: MNST), which continues to deliver strong financial results.

Citigroup has a Buy rating with a $91 target price.

Developed in partnership with Club Med, the project will bring the global hospitality brand’s signature all-inclusive experience back to U.S. shores while expanding VICI's experiential real estate portfolio.

ST. CROIX, U.S. Virgin Islands & NEW YORK--(BUSINESS WIRE)--Club Med, the pioneer of the all-inclusive concept with nearly 60 resorts in some of the world’s most desired vacation destinations, and VICI Properties Inc. (NYSE: VICI), an S&P 500 experiential real estate investment trust, announced today the acquisition and planned redevelopment of the iconic Carambola Beach Resort, located in the U.S. Virgin Islands, marking the return of Club Med to U.S. shores. The future Club Med St. Croix will reinforce the hospitality brand’s leadership in the premium all-inclusive category, while bringing a renewed spirit to the destination’s most historic beachfront property.

The project is a result of a partnership between Club Med and VICI. Following VICI’s acquisition of the Carambola Beach Resort, VICI has entered into a long-term triple-net lease with Club Med, and will fund the resort’s redevelopment, elevating the property to Club Med’s Exclusive Collection standards. Club Med will run the future operations of the historic 150-key resort, transforming it into a model for sustainable, culturally rich and all-inclusive hospitality in the region.

“The U.S. Virgin Islands represent an exciting new chapter for Club Med,” said Carolyne Doyon, President and CEO of Club Med North America and the Caribbean. “For more than seven decades, we’ve welcomed North American travelers to our destinations around the world, and now we’re bringing that experience back home. With St. Croix’s natural beauty, strong community spirit, and deep cultural roots, together with the longstanding legacy of this hotel, this project reflects our vision for thoughtful growth, and meaningful connection across the Americas.”

John Payne, President and COO of VICI, said, "We are very excited to begin our partnership with Club Med, a true pioneer of the premium all-inclusive resort experience and the brand leader in the category. Club Med's approach to growth aligns directly with how VICI partners with best-in-class experiential operators, and Carambola Beach Resort is an ideal asset to launch our relationship. We have tremendous respect for what the Club Med team has built, and we look forward to opportunities to support their continued growth across North America for years to come.”

An Iconic Setting Reimagined

Originally built in 1986 by philanthropist and conservation pioneer Laurance Rockefeller, Carambola Beach Resort reflects his enduring vision for the U.S. Virgin Islands, where hospitality and preservation exist in balance. Club Med’s redevelopment plans envision a comprehensive renovation that preserves the property’s natural beauty and historic roots.

The resort, nestled between a crescent beach and tropical rainforest, will be part of Club Med’s Exclusive Collection, the brand’s most refined portfolio of premium all-inclusive resorts, distinguished by elevated design, personalized service, and exceptional experiences in extraordinary settings.

A Flagship Destination and a U.S. Homecoming

Club Med St. Croix will mark the brand’s reentry onto U.S. soil and aims to attract travelers from the U.S., Canada, and around the world seeking a high quality, all-inclusive experience in a unique island setting. Beyond its touristic appeal, the resort will act as a key economic driver for St. Croix and the broader Virgin Islands, fueling job creation, local partnerships, and sustainable growth across the territory.

Empowering Local Opportunity: Economic Impact

Discussions with senior government officials have highlighted shared ambitions around local employment, education and training, business development, and responsible tourism.

Aligned with Club Med’s Happy to Care sustainability commitments, the project will target BREEAM and Green Globe certifications—benchmarks of environmental design and operational responsibility. Together, these efforts underscore Club Med’s longstanding focus on environmental performance and community stewardship.

“The arrival of the Club Med brand to the U.S. Virgin Islands marks another significant milestone in the continued economic growth and revitalization of our islands — particularly St. Croix — where tourism remains a key driver of opportunity and investment,” said Governor Albert Bryan Jr. “We are proud to welcome the Club Med team to the territory and look forward to growing this partnership as we continue elevating the U.S. Virgin Islands, celebrating our people and culture, and welcoming new and returning visitors to our beautiful shores.”

Once complete, the redevelopment is projected to generate approximately 200 direct jobs along with at least as many indirect opportunities. The resort is expected to further stimulate the local economy through collaborations with excursion operators, service providers, and local farmers and artisans, reinforcing the connection between tourism and the island’s broader community. Club Med plans to continue to engage with the local community in the upcoming months to share further details of the project.

Construction is expected to begin in summer 2026, followed by a targeted reopening in Q4 2027.

To learn more about Club Med’s existing footprint in North America, click here.

About Club Med

Club Med, founded in 1950 by Gérard Blitz, is the pioneer of the all-inclusive concept, operating nearly 60 premium resorts in stunning locations around the world including North and South America, Caribbean, Asia, Africa, Europe and the Mediterranean. Each Club Med resort features authentic local style and comfortably upscale accommodations, superior sports programming and activities, enriching children's programs, gourmet dining, and warm and friendly service by its world-renowned staff with legendary hospitality skills, an all-encompassing energy and diverse backgrounds.

Club Med operates in 40 countries spanning across 5 continents and continues to maintain its authentic Club Med spirit with an international staff of more than 23,000 employees from more than 110 different nationalities. Led by its pioneering spirit, Club Med continues to grow and adapt to each market with three to five new resort openings or renovations per year, including a new mountain resort annually.

For more information, visit www.clubmed.us, call 1-800-Club-Med (1-800-258-2633), or contact a preferred travel professional. For an inside look at Club Med, follow Club Med on Facebook, Instagram, and YouTube.

About VICI Properties Inc.

VICI Properties Inc. is an S&P 500® experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties owns 101 experiential assets across a geographically diverse portfolio consisting of 61 gaming properties and 40 other experiential properties across the United States and Canada. The portfolio is comprised of approximately 130 million square feet and features over 66,000 hotel rooms and over 700 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by industry-leading gaming, leisure and hospitality operators under long-term, triple-net lease agreements. VICI Properties has a growing array of real estate and financing partnerships with leading operators in other experiential sectors, including Cabot, Cain, Canyon Ranch, Chelsea Piers, Club Med, Great Wolf Resorts, Homefield, Kalahari Resorts and Lucky Strike Entertainment. VICI Properties also owns four championship golf courses and approximately 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties’ goal is to create the highest quality and most productive experiential real estate portfolio through a strategy of partnering with the highest quality experiential place makers and operators. For additional information, please visit www.viciproperties.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words “assumes,” “believes,” “estimates,” “expects,” “guidance,” “intends,” “plans,” “projects,” “will,” and similar expressions that do not relate to historical matters. All statements other than statements of historical fact are forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond VICI’s control and could materially affect VICI’s actual results, performance, achievements, or VICI’s ability to achieve the benefits contemplated by the transaction. Other important risk factors that may affect VICI’s business, results of operations and financial position (including risks relating to VICI’s pending transactions) are detailed from time to time in VICI’s filings with the Securities and Exchange Commission. VICI does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.

Press Release Category: Transactions

More News From VICI Properties Inc.

Vancouver, British Columbia--(Newsfile Corp. - June 15, 2026) - Southern Silver Exploration Corp. (TSXV: SSV) ("Southern Silver" or the "Company") has closed the first tranche of its previously reported non-brokered private placement by issuing 4,000,181 common shares of the Company (the "Shares") at a price of $0.55 per Share for gross proceeds of $2,200,099.55 (the "Offering").

In accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Shares were sold to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption") and sold in offshore jurisdictions. The Shares are immediately freely tradeable in accordance with applicable Canadian securities legislation.

There is an amended and restated offering document (the "Amended Offering Document") related to this Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at https://southernsilverexploration.com/.

In connection with the first tranche closing, the Company paid aggregate finders' fees of $132,005.97 and issued 240,010 non-transferable common share purchase warrants ("Finder Warrants"), with each Finder Warrant exercisable to purchase one Share at a price of $0.70 for a period of 36 months. The Finder Warrants and the Shares issuable upon the exercise of the Finder Warrants carry a legend restricting trading of the securities until October 13, 2026. The closing of the Offering remains subject to the final approval of the TSX Venture Exchange.

Proceeds of the Offering will be used for the advancement of the Cerro Las Minitas project as well as for working capital and general corporate purposes. Advancement of Cerro Las Minitas includes infill drilling of up to 12,500m in Phase 1 with the objective of upgrading the resource classification of a subset of near-surface, high-grade mineralization in the Puro Corazon target, which will allow greater optionality for potential development of the project. Other work will include an update of the mineral resource estimate based on the most recent drilling at Puro Corazon, scheduled for Q2 2026 and the advancement of several engineering opportunities identified in the 2024 preliminary economic assessment ("PEA") of the project.

As currently modelled, the Cerro Las Minitas project features a large-scale underground mining operation with robust project economics and high gross revenues in a well located and mining friendly jurisdiction. Recent drill testing of the Puro Corazon claim continues to demonstrate a potential for near-term resource growth, capital and mining efficiency gains in modelled mining scenarios and overall improvements in modelling of the project.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the Shares, nor was there any sale of the Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Shares referred to in this news release will not be, and have not been, registered under the U.S. Securities Act and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person, absent registration or any applicable exemption from registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of mineral deposits either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our specific emphasis is developing the 100% owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. Located in the same State as the Cerro Las Minitas property is the Nazas, gold-silver property. Our property portfolio also includes the Oro porphyry copper-gold project, and the Hermanas gold-silver vein project. Drill permits for the Hermanas project have been received and work is pending finalization of a work program and drill availability, both located in southern New Mexico, USA.

Robert Macdonald, MSc. P. Geo, is an officer of Southern Silver Exploration Corp. and is a Qualified Person as defined by National Instrument 43-101. Mr. Macdonald directly supervised the collection of the technical data from the Cerro Las Minitas Project and has reviewed and approved the technical information within this news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Forward-looking statements in this news release include the amount of the Offering, final TSX Venture Exchange approval of the Offering, plans to advance and develop the Cerro Las Minitas property including updating the mineral resource estimate followed by an update of the PEA, and expectations regarding the Cerro Las Minitas project having robust project economics and potential for high gross revenues. These statements are based on a number of assumptions, including, but not limited to, general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the Company's projects, and the availability of financing for the Company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. The Company provides no assurance that forward-looking statements or forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and information. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward- looking information, whether as a result of new information, changing circumstances, or otherwise.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301411

Source: Southern Silver Exploration Corp.

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Transaction highlights the value of Tripadvisor's portfolio and enables greater focus on experiences

, /PRNewswire/ -- Tripadvisor, Inc. (NASDAQ: TRIP) (the "Company") today announced it has entered into a put option agreement to sell TheFork, its online restaurant reservation and management platform in Europe, to American Express for $700 million in an all-cash transaction.

The agreement follows Tripadvisor's February 2026 announcement that it would explore strategic alternatives for TheFork. It recognizes the value created in the business over more than a decade, and allows Tripadvisor to focus even more fully on its Experiences strategy.

tripadvisor "This agreement reflects two things we believe deeply: the tangible value across Tripadvisor Group's portfolio and our ongoing focus on the opportunity we see ahead in Experiences," said  Matt Goldberg, CEO, Tripadvisor Group. "We're proud of what we've built with TheFork and grateful for the team's work to secure a leading position in European dining. I'm confident that we've found an ideal home for them and look forward to expanding our relationship with American Express in the future."

The transaction is expected to provide Tripadvisor with significant flexibility to accelerate its capital return policy, maintain a well-capitalized balance sheet, and continue investing in its Experiences business to drive shareholder value. The companies also see opportunities to build on their existing relationship and deliver additional value to travelers over time.

"In addition to welcoming TheFork to the American Express family, we're excited about the opportunity to deepen our relationship with Tripadvisor going forward," said Stephen Squeri, Chairman and CEO, American Express. "By building on our shared strengths across dining, travel, and experiences, we have opportunities to create even greater value for customers and partners."

The proposed transaction is expected to close before the end of 2026, subject to labor consultation and customary closing conditions, including regulatory approvals. The Company anticipates minimal tax cost from the sale of TheFork, with net proceeds expected to closely approximate the gross proceeds.  Potential uses of proceeds include share repurchases, debt paydown, or inorganic investment within the experiences category.

As of the first quarter of 2026, the Company's last reported period, the last twelve-month revenue for TheFork was $232 million and adjusted EBITDA for TheFork segment for the same period was $28 million.

Advisors

Goldman Sachs served as financial advisor and Goodwin Procter LLP and Reed Smith LLP served as legal advisors to Tripadvisor and TheFork.

Note on Segment Adjusted EBITDA

We refer to segment adjusted EBITDA as a measure of segment profitability because it is the measure of profit or loss for our reportable segments provided to our Chief Operating Decision Maker (CODM) in accordance with U.S. GAAP for segment reporting. Segment adjusted EBITDA is a key performance measure used by our CODM and Board of Directors to evaluate our individual operating segments. We define adjusted EBITDA as net income (loss) plus: (1) (provision) benefit for income taxes; (2) other income (expense), net; (3) depreciation and amortization; (4) stock-based compensation; (5) goodwill, long-lived asset, and intangible asset impairments; (6) legal reserves, settlements and other (including indirect tax reserves related to audit settlements and the impact of one-time changes resulting from enacted indirect tax legislation); (7) restructuring and other related reorganization costs; (8) transaction related expenses (including non-operational costs related to significant shareholder activism, which includes third-party advisory, legal, and other professional fees); and (9) non-recurring expenses and income unusual in nature or infrequently occurring.

About Tripadvisor, Inc.

The Tripadvisor Group connects people to experiences worth sharing, and aims to be the world's most trusted source for travel and experiences. We leverage our brands, technology, and capabilities to connect our global audience with partners through rich content, travel guidance, and two-sided marketplaces for experiences, restaurants, and other travel categories such as hotels. The subsidiaries of Tripadvisor, Inc. (Nasdaq: TRIP), include a portfolio of travel brands and businesses, including Tripadvisor, Viator, and TheFork.

Cautionary Note Regarding Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements regarding the proposed sale of Tripadvisor's TheFork business to American Express, the anticipated benefits, related agreements and timing of the transaction and potential uses of proceeds. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially.

Key factors that could cause such differences include: whether or when the required employee works council consultation processes are completed; the ability of the parties to successfully execute a definitive purchase agreement following exercise of the put option; the satisfaction of closing conditions, including obtaining regulatory and antitrust approvals; difficulties or unexpected costs relating to segregating the integrated technology data and platform of TheFork from our retained operations and anticipated benefits for Tripadvisor as a result of the proposed transaction do not fully materialize; risks related to disruption of management time; the operational risk of running our core business without the integrated data platform of TheFork; and the potential for material adjustments to net working capital or unforeseen tax consequences related to the divestiture. Tripadvisor expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement to reflect any change in Tripadvisor's expectations with regard thereto or any change in events, conditions or circumstances on which such statement is based. Please refer to the publicly filed documents of Tripadvisor, including its most recent Forms 10-K and 10-Q, as such risk factors may be amended, supplemented or superseded from time to time by other reports Tripadvisor subsequently filed with the SEC, for additional information about Tripadvisor and about the risks and uncertainties related to Tripadvisor's business which may affect the statements in this release.

TRIP-G

SOURCE Tripadvisor

NEW YORK--(BUSINESS WIRE)--TWO Provides Update on UWMC Engagement Following Expiration of Waiver Period.

This investment supports continued growth in Generac's Commercial & Industrial business amid rising demand from data centers and mission-critical applications

, /PRNewswire/ -- Generac Holdings Inc. (NYSE: GNRC), a leading global designer, manufacturer and provider of energy technology solutions and other power products, announced the acquisition of a new facility in Belvidere, Illinois. The investment will significantly expand the company's packaging capacity for large-megawatt (MW) generators as demand continues to accelerate across key sectors.

In February, Generac acquired Enercon Engineering, Inc., adding specialized expertise in generator enclosure manufacturing. Building on this capability and in response to rising demand, the new facility will complement Enercon's operations by expanding capacity for enclosure assembly and final packaging, delivering shipment-ready units to customers.

"As demand for reliable backup power continues to grow — particularly from data centers and other mission-critical industries —expanding our capacity to deliver large-megawatt solutions is essential," said Erik Wilde, EVP and President, Domestic C&I at Generac. "This investment strengthens our ability to scale efficiently while maintaining the quality and speed our customers expect."

This investment adds to Generac's continued investments to scale its Commercial & Industrial (C&I) business, including expanded operations in Oshkosh, Wisconsin, and new facilities in Beaver Dam and Sussex, Wisconsin. These efforts are complemented by strategic initiatives such as collaboration with EPC Power and the acquisition of Enercon Engineering. Together, these investments continue to strengthen Generac's domestic manufacturing footprint and position the company to meet growing demand across key markets.

The Belvidere facility is strategically located, providing direct access to major interstate systems and enabling efficient transport of large-scale equipment. The new facility will add more than 100 new jobs when it opens in the first quarter of 2027.

About Generac  
Generac is a total energy solutions company that empowers people to use energy on their own terms. Founded in 1959, Generac is a leading global designer, manufacturer, and provider of a wide range of energy technology solutions. The Company provides power generation equipment, energy storage systems, energy management devices & solutions, and other power products and services serving the residential, commercial, data center, telecom, rental, and industrial markets. Generac introduced the first affordable backup generator and later created the automatic home standby generator category. The Company's broad portfolio of energy technology offerings for homes and businesses enables its mission to Power a Smarter World and lead the evolution to more resilient, efficient, and innovative energy solutions.

Media Contact
[email protected]

SOURCE Generac Power Systems, Inc.

The ongoing nuclear renaissance is entering an aggressive consolidation phase as public companies are snapping up private suppliers as they look to secure supply chains.

Key Takeaways Publicly traded nuclear energy companies are acquiring private supply chain companies to expand manufacturing depth and control deployment timelines. Industry players like BWX Technologies (BWXT), Nano Nuclear Energy (NNE), and Oklo (OKLO) have closed acquisitions to secure specialized engineering assets. The Range Nuclear Renaissance ETF (NUKZ) offers investors diversified exposure across this entire nuclear value chain. 3 Recent M&A Deals in the Nuclear Sector Three holdings in the Range Nuclear Renaissance ETF (NUKZ) have completed acquisitions of private supply chain companies to bolster their operations during the ongoing nuclear renaissance. 

First, BWX Technologies (BWXT) has entered into a definitive agreement to acquire Precision Components Group (PCG). The strategic transaction adds more than 500,000 square feet of complex, heavy-walled and heat-transfer component capacity in the U.S. PCG generated approximately $125 million in revenue in 2025, providing BWXT with immediate commercial nuclear footprint expansion. 

Next, Nano Nuclear Energy (NNE) has expanded its infrastructure footprint by acquiring Secured Transportation Services (STS). This acquisition ensures the microreactor developer controls the highly regulated logistics and transport mechanisms required for nuclear fuel and materials.

Finally, just this week, Oklo (OKLO) announced its acquisition of ARMEC, a precision manufacturing and mechanical engineering firm. The free-cash-flow-positive target company brings over two decades of operating experience in high-precision machining and prototyping. The integration directly aims to support faster design-to-manufacturing feedback for Oklo’s advanced reactor and fuel fabrication programs.

Capitalizing on the Value Chain via NUKZ The Range Nuclear Renaissance ETF (NUKZ) is designed to capture the entire nuclear value chain, incorporating multiple companies at every stage of the nuclear renaissance. This includes advanced reactor developers, utilities, construction services, as well as fuel suppliers. This allows investors to capture the secular growth of nuclear power while bypassing the complexity of managing foreign currency conversions or international brokerage accounts.

Looking for nuclear insights in your inbox? Subscribe here to keep a pulse on nuclear investing through our weekly research.

For more news, information, and analysis, visit the Nuclear Energy Content Hub.

vettafi.com is owned by VettaFi LLC (“VettaFi”). VettaFi is the index provider for NUKZ, for which it receives an index licensing fee. However, NUKZ is not issued, sponsored, endorsed, or sold by VettaFi. VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of NUKZ.

NEW YORK, June 15, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Hub Group Inc. (NASDAQ:HUBG) for potential securities fraud after significant stock drops.

If you invested in Hub Group, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.

Key Details of the Hub Group ($HUBG) Class Action Investigation:

Investigation Overview: Securities fraud regarding Hub Group’s financial restatements for the first nine months of 2025 and for the years ended December 31, 2024 and 2023 due to prematurely or incorrectly recognized transactions.Stock Declines: February 6, 2026 - 18% Stock DropMay 12, 2026 - 13% Stock Drop Action: Contact BFA Law to discuss your rights
Why is Hub Group Being Investigated for Securities Fraud?

Hub Group is a supply chain solutions provider that offers transportation and logistics management services. Hub Group is one of the largest freight transportation providers in North America. 

BFA is investigating Hub Group’s financial statements for the first nine months of 2025 and for the years ended December 31, 2024 and 2023, due to prematurely or incorrectly recognized transactions.

Why did Hub Group’s Stock Drop?

On February 5, 2026, Hub Group announced that it would delay the full release of its fourth quarter and full year 2025 financial results and will restate its financial statements for the first three quarters of 2025 due to an error that understated purchased transportation costs and accounts payable.

This news caused the price of Hub Group stock to decline $9.37 per share, or 18%, from a closing price of $51.33 per share on February 5, 2026, to $41.96 per share on February 6, 2026.

Then, on May 12, 2026, Hub Group announced that its previously issued audited financial statements for the years ended December 31, 2024 and 2023 were materially misstated and should no longer be relied upon. Hub Group stated that it identified premature or incorrectly recognized transactions and that it expects to conclude that it did not maintain effective disclosure controls and internal control over financial reporting for the years ended December 31, 2024 and 2023.

This news caused the price of Hub Group stock to decline $5.24 per share, or 13%, from a closing price of $41.86 per share on May 11, 2026, to $36.62 per share on May 12, 2026.

Click here for more information: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.

What Can You Do?

If you invested in Hub Group, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/hub-group-class-action-lawsuit

Or contact:

Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/hub-group-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

GRAND FALLS-WINDSOR, Newfoundland and Labrador, June 15, 2026 (GLOBE NEWSWIRE) -- First Atlantic Nickel & Cobalt Corp. (TSXV: FAN | OTCQB: FANCF | FSE: P21) (the “Company” or “First Atlantic”) is pleased to announce the visual results of the first drill hole at the Alloy Max Zone, the Company’s second large-scale awaruite (Ni₃Fe) nickel-cobalt alloy discovery. The Alloy Max Zone is located approximately 7 km north of the discovery at the RPM Zone within the 30 km Pipestone Ophiolite Complex at the Company’s Pipestone XL Nickel-Cobalt Alloy Project in central Newfoundland.

The first hole at Alloy Max North, XL-26-15, intersected visibly disseminated awaruite over its entire 414-meter length and ended in mineralization, with visual abundance and grain size increasing down hole toward the east. The visual identification of disseminated awaruite indicates the potential for a second large area of mineralization within the Pipestone XL project in addition to the RPM Zone.

Drilling is ongoing at Alloy Max North and South, with additional drill holes underway from additional drill pads. At each location, Company’s geologists identified visible awaruite in exposed bedrock prior to drilling, providing further support for the surface expression of awaruite mineralization across the zone.

KEY HIGHLIGHTS

First Drill Hole Confirms a Second Large-Scale Discovery: XL-26-15, the first hole drilled at Alloy Max North, establishes a new mineralized area approximately 5.2 km north of the RPM Zone discovery hole AN-24-02. The visual identification of disseminated awaruite indicates the potential for a second large area of mineralization within the Pipestone XL project in addition to the RPM Zone.Visible Awaruite Over the Entire 414-Meter Drill Hole: Drilled at a 60-degree dip to the east, XL-26-15 intersected visibly disseminated awaruite throughout its 414-meter length and ended in open mineralization, with visual abundance and grain size increasing down hole.Only 200 m of Lateral Width of 1.5 km Drill-Tested: XL-26-15 tested approximately 200 meters of width within a zone mapped roughly 1.5 km wide, leaving approximately 1.3 km of untested width to the east, where mineralization visually improves down hole.4 km Strike Length, Significantly Larger Than the RPM Zone: Alloy Max spans approximately 4 km of strike and is significantly larger than the RPM Zone in both strike length and width (area), defined by geological mapping, geophysics and surface Davis Tube Recovery (“DTR”) sampling.Significantly Larger Target Footprint Than the RPM Zone: As outlined in the Company’s March 18 and April 8, 2026 news releases, Alloy Max represents a significantly larger target than the RPM Zone. The Company now believes the Alloy Max Zone could measure up to 1.5 km in width and 4 km in strike length. At the RPM Zone, drill-core DTR grades returned significantly higher magnetically recoverable nickel than average surface samples collected from the same area.Drilling to Test Open Mineralization to the East: Further drilling at Alloy Max North will step east into the larger mineralized area, where mineralization improved with depth in XL-26-15.Visible Awaruite Identified in Surface Bedrock Before Drilling: Minimal overburden allowed Company geologists to expose and directly sample bedrock at Alloy Max North and South, where visible awaruite was identified at additional drill pad locations before drilling. For investor inquiries or questions, please call Rob Guzman, Investor Relations, at +1-844-592-6337 or email [email protected].

The Company's new white paper, Onshoring the Nickel-Cobalt Supply Chain. Without a Smelter, released on June 9, 2026, is available now at www.fanickel.com.

DISCOVERY HOLE XL-26-15: 414 METERS OF VISIBLE AWARUITE AT ALLOY MAX NORTH

XL-26-15 is the first drill hole completed at Alloy Max North and the discovery hole for the Alloy Max Zone, a new large-scale awaruite zone located approximately 5.2 km north of the Company’s RPM Zone discovery hole, AN-24-02. Drilled at a 60-degree dip to the east, XL-26-15 intersected visibly disseminated awaruite over its entire 414-meter length and ended in open mineralization. Visual abundance and grain size increased down hole toward the east, indicating that the system strengthens in that direction and remains open for expansion.

The hole tested only a narrow slice of the zone, covering approximately 200 meters of width against a mapped width of roughly 1.5 km and leaving the large majority of the approximately 4 km strike length undrilled. Drilling is now continuing in the Alloy Max Zone across additional drill pads, where minimal overburden has allowed Company geologists to expose and sample bedrock directly and identify visible awaruite prior to drilling, consistent with the surface sampling results reported on March 18, 2026.

Much of this ground had seen little historical exploration, with prior operators not testing specifically for awaruite or conducting DTR analysis. Improved road access and drier ground conditions have allowed the Company to access the Alloy Max area where drilling is ongoing.

Alloy Max North has the potential to be represent a new, larger area of disseminated awaruite mineralization in addition to the RPM Zone, in line with the Company’s mission to develop a multi-deposit nickel-cobalt alloy mining district with centralized onshore processing feeding directly into downstream industries, bypassing midstream smelting constraints in North America.

THE ALLOY MAX ZONE: A SECOND LARGE-SCALE AWARUITE DISCOVERY

The Alloy Max Zone was first announced on March 18, 2026, following district-wide surface sampling that integrates field geological mapping, surface rock sampling with DTR analysis, and geophysics. This work outlined a major new area of magnetically recoverable awaruite mineralization up to approximately 7 km north of the RPM Zone. The initial target area measures approximately 4 km in length and 1.5 km in width, with geophysical processing indicating the potential for a mineralized area larger than the RPM Zone.

Surface DTR sampling at Alloy Max has returned magnetically recoverable nickel grades comparable to surface values at the RPM Zone, where drill core has consistently returned significantly higher DTR grades than weathered surface samples. This established relationship between surface and drill-core grades forms the basis for the Company’s expectation of higher grades at depth, and was a factor in Alloy Max being selected as a priority drill target for 2026.

The Pipestone Ophiolite Complex is a major belt of ultramafic rocks emplaced along a continental-scale fault system. The Company believes Alloy Max is related to this major tectonic event, which would have supplied the large volumes of heat and fluid required to form awaruite. Awaruite forms during serpentinization, when ultramafic rock reacts with water, interpreted here to have been sourced from ocean water, generating the large volumes of molecular hydrogen (H₂) needed to reduce nickel to its native metallic alloy state. A regional, crustal-scale fault structure cuts the 30 km Pipestone XL Ophiolite Complex, providing the pathway for fluids to interact with the host rock, generate hydrogen, and reduce nickel to metal across the trend.

AWARUITE CONFIRMED AT THE RPM ZONE: 77.62% NICKEL, 1.69% COBALT

On May 21, 2026, the Company confirmed awaruite at the RPM Zone through electron microprobe analysis by SGS Canada Inc., which averaged 77.62% nickel and 1.69% cobalt.

These results confirm the high-grade, naturally magnetic nickel-iron-cobalt (Ni-Fe-Co) alloy at Pipestone XL, a metallic mineralogy that can be concentrated through magnetic separation and flotation and processed onshore directly into downstream nickel and cobalt products, bypassing conventional smelting, roasting and high-pressure acid leaching.

GEOLOGIC HYDROGEN AND THE VEMA HYDROGEN JOINT VENTURE

The same serpentinization process associated with awaruite formation at Pipestone XL also generates hydrogen, and the Company is advancing a parallel geologic hydrogen initiative alongside its nickel-cobalt program. As announced on June 9, 2026, First Atlantic and Vema Hydrogen signed a letter of intent to jointly develop low-carbon Engineered Mineral Hydrogen (EMH) at Pipestone XL through a proposed 50/50 joint venture. The presence of awaruite, which forms only when hydrogen reduces nickel and iron during serpentinization, is a direct geological signature of a hydrogen-generating system.

Samples from the Alloy Max Zone, including drill core from XL-26-15 and subsequent holes, will be used in the Company’s Engineered Mineral Hydrogen (EMH) evaluation work at Pipestone XL.

Figure 1. Visible Awaruite Grains up to 382 microns in drill hole XL-26-15 at 340 Meters, Alloy Max North.

Figure 2. Visible Awaruite Grains up to 160 microns in drill hole XL-26-15 at 256 Meters, Alloy Max North.

Figure 3. Visible Awaruite Grains up to 298 microns in drill hole XL-26-15 at 106 Meters, Alloy Max North.

Figure 4. Map of the Alloy Max and RPM Zone areas showing DTR nickel (%) in surface rock samples, including 2026 Alloy Max drill pad locations and the RPM 2025 drill holes.

AWARUITE: A SMELTER-FREE NICKEL-COBALT ALLOY (Ni₃Fe)

Figure 5: USGS quote on awaruite nickel-iron-cobalt alloy.

Awaruite is a naturally occurring, sulfur-free nickel-iron-cobalt alloy with nickel content of approximately 77%. Because it already exists in a metallic state, awaruite can be processed into a high-grade concentrate of approximately 60% nickel through magnetic separation and flotation, without smelting, roasting, or high-pressure acid leaching. This concentrate can be sent directly for downstream battery chemical refining or for the manufacture of specialty alloys and stainless steel.

As stated in the August 2025 report From Rocks to Power: Strategies to Unlock Canada’s Critical Minerals for Global Leadership in Energy Storage, EVs, & Beyond from the Battery Metals Association of Canada:

“Awaruite is not a sulfide nor an oxide nickel ore but a high-content native nickel-iron ore. Simple beneficiation processes after mining could provide 60% Ni concentrate, ready for leaching for battery cathode purposes and would yield MHP as a by-product. This process would bypass pyrometallurgy or early hydrometallurgy stages and be among the lowest carbon-intensive nickel production sites in the global nickel market.”1

The U.S. Geological Survey highlighted awaruite’s potential in its Mineral Commodity Summaries 2012, stating:

“The development of awaruite deposits in other parts of Canada may help alleviate any prolonged shortage of nickel concentrate. Awaruite, a natural iron-nickel alloy, is much easier to concentrate than pentlandite, the principal sulfide of nickel.”2

The absence of sulfur reduces the risk of acid mine drainage and certain permitting challenges commonly associated with sulfide mineralization, positioning awaruite to supply North American industries including stainless steel, electric vehicles, aerospace, and defence.

INVESTOR INFORMATION

The Company’s common shares trade on the TSX Venture Exchange under the symbol “FAN”, the American OTCQB Exchange under the symbol “FANCF” and on several German exchanges, including Frankfurt and Tradegate, under the symbol “P21”.

Investors can get updates about First Atlantic by signing up to receive news via email and SMS text at www.fanickel.com.

For further information, please contact:

Rob Guzman
Investor Relations
1 (844) 592-6337
[email protected]

Qualified Person

Adrian Smith, P.Geo., a director and the Chief Executive Officer of the Company is a qualified person as defined by NI 43-101. The qualified person is a member in good standing of the Professional Engineers and Geoscientists Newfoundland and Labrador (PEGNL) and is a registered professional geoscientist (P.Geo.). Mr. Smith has reviewed and approved the technical information disclosed herein.

About First Atlantic Nickel & Cobalt Corp.

First Atlantic Nickel & Cobalt Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) is a critical mineral exploration company in Newfoundland & Labrador developing the Pipestone XL Nickel-Cobalt Alloy Project. The project spans the entire 30-kilometer Pipestone Ophiolite Complex, where multiple zones, including RPM, Alloy Max, Super Gulp, Atlantic Lake, and Chrome Pond, contain awaruite (Ni₃Fe), a naturally occurring magnetic nickel-iron-cobalt alloy of approximately ~77% nickel with no sulfur and no sulfides, along with secondary chromium mineralization. Awaruite’s sulfur-free composition removes acid mine drainage (AMD) risks, while its unique magnetic properties enable processing through magnetic separation, eliminating the electricity requirements, emissions, and environmental impacts of conventional smelting, roasting, or high-pressure acid leaching while reducing dependence on overseas nickel processing infrastructure.

The U.S. Geological Survey recognized awaruite’s strategic importance in its 2012 Annual Report on Nickel, noting that these deposits may help alleviate prolonged nickel concentrate shortages since the natural alloy is much easier to concentrate than typical nickel sulfides. The Pipestone XL Nickel-Cobalt Alloy Project is located near existing infrastructure with year-round road access and proximity to hydroelectric power. These features provide favorable logistics for exploration and future development, strengthening First Atlantic’s role to establish a secure and reliable source of North American nickel production for the stainless steel, electric vehicle, aerospace, and defense industries. This mission gained importance when the U.S. added nickel to its critical minerals list in 2022, recognizing it as a non-fuel mineral essential to economic and national security with a supply chain vulnerable to disruption.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently identified by words such as "expects", "intends", "plans", "anticipates", "believes", "may", "will", "would", "could", "potential", "proposed", "target", "prospective", "indicates", "designed to", "expected to" and similar expressions, or statements that events, conditions or results "will", "may", "could", "would" or "should" occur or be achieved.

Forward-looking information in this news release includes, but is not limited to, statements regarding the Company’s exploration plans, results, expectations and objectives at the Pipestone XL Nickel-Cobalt Alloy Project; the interpretation of visual mineralization, awaruite abundance and grain size observed in drill core; the potential scale, continuity, geometry, width, strike length and expansion potential of the Alloy Max Zone; the potential for Alloy Max to represent a second large-scale mineralized zone or discovery in addition to the RPM Zone; the potential for the Pipestone XL Project to host multiple deposits or support a future nickel-cobalt mining district; the future of onshore processing; the expectation that mineralization may continue or improve to the east or at depth; the Company’s plans for additional drilling at Alloy Max North, Alloy Max South, RPM and elsewhere within the Pipestone Ophiolite Complex; the expectation that drill-core DTR grades may be higher than surface sample grades; the geological interpretation of the Pipestone Ophiolite Complex, including the role of serpentinization, regional structures, fluids, hydrogen generation and awaruite formation; the Company’s plans to evaluate geologic hydrogen potential; the proposed joint venture with Vema Hydrogen and the potential development of low-carbon EMH; and the potential use of samples from Alloy Max, RPM and other areas for future hydrogen evaluation work.

Forward-looking information is based on a number of assumptions that management considers reasonable as of the date of this news release, including assumptions regarding the accuracy of visual observations, geological mapping, geophysical interpretations, DTR sampling and other exploration data; the continuity and geometry of mineralization; the relationship between surface sampling and drill-core results; the Company’s ability to complete planned drilling, sampling, assaying, metallurgical, hydrogen and other technical work; the availability of financing, equipment, personnel, contractors, permits and road access; the continued validity of the Company’s geological model; the ability of the Company and Vema Hydrogen to negotiate, finalize and implement definitive joint venture arrangements; and general business, market, commodity price and regulatory conditions.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, risks associated with early-stage mineral exploration; the risk that visual observations of mineralization may not correlate with assay results, DTR results, recoverability, grade, tonnage or economic viability; the risk that future drilling may not confirm the expected continuity, scale, grade, width or depth extent of mineralization; the risk that surface sampling, geophysical data and geological interpretations may not accurately predict subsurface mineralization; uncertainty regarding metallurgical recoverability and processing characteristics; uncertainty regarding the potential generation, recovery, storage, commerciality or development of geologic hydrogen; risks relating to the negotiation and completion of definitive agreements with Vema Hydrogen; permitting, environmental, access, title, regulatory and community-related risks; the availability of capital and financing on acceptable terms; changes in commodity prices, market conditions and investor sentiment; operational risks; weather and seasonal access limitations; and the other risks described in the Company’s public disclosure documents.

The Company is an exploration-stage issuer and has not established mineral resources or mineral reserves at the Pipestone XL Nickel-Cobalt Alloy Project. There can be no assurance that further exploration or technical work will result in the delineation of mineral resources or mineral reserves, or that the project will be advanced to production. Readers should not place undue reliance on forward-looking information. The forward-looking information contained in this news release is made as of the date of this news release, and the Company undertakes no obligation to update or revise such information except as required by applicable law.

________________________
1 https://transitionaccelerator.ca/wp-content/uploads/2025/08/From-Rocks-to-Power-Nickel.pdf
2 https://d9-wret.s3.us-west-2.amazonaws.com/assets/palladium/production/mineral-pubs/nickel/mcs-2012-nicke.pdf

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/76c3c075-4da1-4a06-9248-f5b7a2335cb0
https://www.globenewswire.com/NewsRoom/AttachmentNg/acfe3c10-00df-4f52-a5c2-9d266ee27a91
https://www.globenewswire.com/NewsRoom/AttachmentNg/7e3a1a28-ca0e-4e7c-9123-80df309de5da
https://www.globenewswire.com/NewsRoom/AttachmentNg/221f6c2e-2cbf-4f38-a7bd-a0aacc52522c
https://www.globenewswire.com/NewsRoom/AttachmentNg/7509daf3-3322-499d-9142-2b4f05f9de61

Recognized for advancing intelligent microgrid systems that enhance energy resilience, support decarbonization, and ensure operational continuity

, /PRNewswire/ -- Frost & Sullivan is pleased to announce that Ameresco has received the 2026 North America Technology Innovation Leadership Recognition in the Microgrid sector. Frost & Sullivan recognized Ameresco for its ability to design, deploy, and operate advanced microgrid systems that integrate distributed energy resources, energy storage, and intelligent controls to improve energy resilience, support decarbonization, and ensure operational continuity across mission-critical applications. This recognition highlights Ameresco's consistent leadership in driving measurable outcomes, strengthening its market position, and delivering customer-centric innovation in an evolving competitive landscape.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. Ameresco excelled in both, demonstrating its ability to align strategic initiatives with market demand while executing them with efficiency, consistency, and scale. "Building on this technological foundation, Ameresco develops and deploys advanced microgrid systems that function as intelligent energy platforms. Through integrated control architectures, real-time monitoring, and lifecycle optimization, these systems dynamically manage energy flows, enhance system reliability, and reduce dependence on centralized infrastructure," said Chippy Alphons Augustine, Research Analyst at Frost & Sullivan.

Guided by a long-term strategy focused on energy resilience, distributed energy infrastructure, and customer-centric project delivery, Ameresco has successfully expanded its microgrid footprint across federal, municipal, utility, and commercial markets. The company's continued investment in advanced microgrid technologies and integrated energy solutions has enabled it to scale deployments across North America while addressing evolving customer requirements for reliability, energy security, and sustainability.

Technology leadership remains central to Ameresco's approach. Its suite of integrated microgrid solutions addresses the full spectrum of modern energy needs, offering flexibility, scalability, and high-performance energy optimization. Ameresco's technology-agnostic approach enables the integration of renewable generation, energy storage, and dispatchable energy resources into site-specific microgrid configurations tailored to customer operational requirements.

"We're honored to be recognized by Frost & Sullivan for our leadership in microgrid innovation," said Nicole Bulgarino, Co-President of Ameresco. "We believe the future of power must be more resilient, intelligent, and adaptable, and we remain committed to helping our customers modernize their energy infrastructure in ways that strengthen reliability, support sustainability, and create lasting value."

Ameresco's unwavering commitment to customer experience further strengthens its position in the market. Its integrated delivery model combines project development, financing, engineering, construction, and long-term operations, enabling customers to realize value throughout the project lifecycle. Through real-time system visibility, operational oversight, and high levels of system performance, the company continues to meet the needs of its expanding customer base. The company's deployment portfolio spans federal agencies, municipalities, utilities, and commercial customers, including mission-critical environments where reliability and energy security are essential. Its technology-agnostic approach and focus on localized, mission-critical deployments have been key to delivering long-term value across diverse sectors.

Frost & Sullivan commends Ameresco for setting a high standard in competitive strategy, execution, and market responsiveness. The company's ability to combine technology innovation, disciplined execution, and long-term operational expertise is helping advance resilient energy infrastructure solutions that address the evolving needs of modern power systems.

Each year, Frost & Sullivan presents the Technology Innovation Leadership to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. The recognition identifies forward-thinking organizations that are reshaping their industries through innovation and growth excellence.

Frost & Sullivan Best Practices Recognition

Frost & Sullivan's Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.
Contact us: Start the discussion.

Contact:
Ashley Shreve
E: [email protected]

Media Contact:
Ameresco: Leila Dillon, 508-661-2264, [email protected]

About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading energy infrastructure solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. Our comprehensive portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources. As a trusted full-service partner, Ameresco shows the way by reducing energy use and delivering energy infrastructure solutions to Federal, state and local governments, utilities, data centers, educational and healthcare institutions, housing authorities, and commercial and industrial customers. Headquartered in Framingham, MA, Ameresco has more than 1,500 employees providing local expertise in North America and Europe. For more information, visit www.ameresco.com.

SOURCE Frost & Sullivan

According to recent news, Constellation Energy announced on June 1 an underwritten public offering of 11 million shares.

ManpowerGroup Inc. (NYSE:MAN) has “never really been a great win” for him, Cramer said.

On April 30, ManpowerGroup announced the sale of its Jefferson Wells U.S. business to Sikich for a transaction value of $100 million.

Cramer recommended holding on to Credo Technology Group Holding Ltd (NASDAQ:CRDO), adding that it is “just so good.”

On the earnings front, Credo Technology Group, on June 1, posted fourth-quarter revenue of $437 million, beating analyst estimates of $432.05 million. The connectivity solutions company reported adjusted earnings of $1.16 per share for the quarter, beating analyst estimates of $1.03 per share, according to Benzinga Pro.

Cramer said he doesn't want Perrigo Company plc (NYSE:PRGO), adding that it's a “value trap” and doesn't have any growth.

According to recent news, Perrigo appointed Albert A. Manzone as interim president and CEO on June 8, succeeding Patrick Lockwood-Taylor.

Cadence Design Systems, Inc. (NASDAQ:CDNS) is a “hold, and if it comes down it's a buy,” Cramer said.

On June 9, Stifel analyst Ruben Roy maintained Cadence Design Systems with a Buy rating and raised the price target from $395 to $432.

Price Action:

Constellation Energy shares gained 2.9% to settle at $253.76 on Friday. Credo Technology shares fell 5.3% to close at $250.81. ManpowerGroup shares closed at $34.00 on Friday. Perrigo shares rose 0.8% to settle at $10.99. Cadence Design shares gained 0.3% to close at $384.96 on Friday. Photo: Shutterstock edited by Benzinga

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June 15, 2026 07:00 ET  | Source: Axsome Therapeutics, Inc.

NEW YORK, June 15, 2026 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) disorders, today announced presentations of new data on AXS-12 and solriamfetol at SLEEP 2026, the 40th annual meeting of the Associated Professional Sleep Societies (APSS), being held June 14-17, 2026, in Baltimore, Maryland.

Details of the presentations are as follows:

Title: Cognitive and Functional Outcomes from the Phase 3 Open-Label Extension and Randomized-Withdrawal ENCORE Trial of AXS-12 in Narcolepsy with Cataplexy
Presentation Date and Time: Monday, June 15, 10:00 - 11:45 a.m. ET
Lead Author: Bruce Corser MD, FAASM, Medical Director of Intrepid Research, Cincinnati, OH
Poster Presentation Session: P-16
Poster Number: 375 Title: Solriamfetol for Excessive Daytime Sleepiness in Narcolepsy and OSA: Post-hoc Multi-dimensional Composite Endpoint Analysis of Phase 3 Trials
Presentation Date and Time: Monday, June 15, 10:00 - 11:45 a.m. ET
Lead Author: Ellen Wertmer, FNP-BC, DBSM, FAASM, Founder of Restorative Sleep Medicine, Charlottesville, VA
Poster Presentation Session: P-16
Poster Number: 386 Title: Symptom Burden and Quality of Life in Patients with Narcolepsy Who Experience Residual Cataplexy: Subgroup Analysis from the CRESCENDO Survey
Presentation Date and Time: Tuesday, June 16, 10:00 - 11:45 a.m. ET
Lead Author: Michael Thorpy, MD, Director of the Sleep-Wake Disorders Center at the Montefiore Medical Center and Professor of Neurology at Albert Einstein College of Medicine, New York, NY
Poster Presentation Session: P-34
Poster Number: 316 About Axsome Therapeutics

Axsome Therapeutics is a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) conditions. We deliver scientific breakthroughs by identifying critical gaps in care and develop differentiated products with a focus on novel mechanisms of action that enable meaningful advancements in patient outcomes. Our industry-leading neuroscience portfolio includes FDA-approved treatments for major depressive disorder, agitation associated with dementia due to Alzheimer’s disease, excessive daytime sleepiness associated with narcolepsy and obstructive sleep apnea, and migraine, as well as multiple novel product candidates addressing a broad range of serious neurological and psychiatric conditions that impact over 150 million people in the United States. Together, we are on a mission to solve some of the brain’s biggest problems so patients and their loved ones can flourish. For more information, please visit us at www.axsome.com and follow us on LinkedIn and X.

Forward Looking Statements

Certain matters discussed in this press release are “forward-looking statements”. The Company may, in some cases, use terms such as “predicts,” “believes,” “potential,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. In particular, the Company’s statements regarding trends and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the commercial success of the Company’s SUNOSI®, AUVELITY®, and SYMBRAVO® products and the success of the Company’s efforts to obtain any additional indication(s) with respect to solriamfetol and/or AXS-05; the Company’s ability to maintain and expand payer coverage; the success, timing and cost of the Company’s ongoing clinical trials and anticipated clinical trials for the Company’s current product candidates, including statements regarding the timing of initiation, pace of enrollment and completion of the trials (including the Company’s ability to fully fund the Company’s disclosed clinical trials, which assumes no material changes to the Company’s currently projected revenues or expenses), futility analyses and receipt of interim results, which are not necessarily indicative of the final results of the Company’s ongoing clinical trials, and/or data readouts, and the number or type of studies or nature of results necessary to support the filing of a new drug application (“NDA”) for any of the Company’s current product candidates; the Company’s ability to fund additional clinical trials to continue the advancement of the Company’s product candidates; the timing of and the Company’s ability to obtain and maintain U.S. Food and Drug Administration (“FDA”) or other regulatory authority approval of, or other action with respect to, the Company’s product candidates, including statements regarding the timing of any NDA submission; the Company’s ability to successfully defend its intellectual property or obtain the necessary licenses at a cost acceptable to the Company, if at all; the Company’s ability to successfully resolve any intellectual property litigation, and even if such disputes are settled, whether the applicable federal agencies will approve of such settlements; the successful implementation of the Company’s research and development programs and collaborations; the success of the Company’s license agreements; the acceptance by the market of the Company’s products and product candidates, if approved; the Company’s anticipated capital requirements, including the amount of capital required for the commercialization of SUNOSI, AUVELITY, and SYMBRAVO and for the Company’s commercial launch of its other product candidates, if approved, and the potential impact on the Company’s anticipated cash runway; the Company’s ability to convert sales to recognized revenue and maintain a favorable gross to net sales; unforeseen circumstances or other disruptions to normal business operations arising from or related to domestic political climate, geo-political conflicts or a global pandemic and other factors, including general economic conditions and regulatory developments, not within the Company’s control. The factors discussed herein could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Investors:
Ashley Dong
Senior Director, Investor Relations
(929) 687-1614
[email protected]

Media:
Darren Opland
Senior Director, Corporate Communications
(929) 837-1065
[email protected]

HomeDividends AnalysisREITs AnalysisReal Estate Analysis

SummaryKimco Realty remains a solid buy, driven by a high-quality, grocery-anchored portfolio and robust occupancy gains.KIM's SNO pipeline and redevelopment initiatives underpin expectations for 5% annual FFO/share growth and ~10% total annual returns.It maintains a strong A-/A3-rated balance sheet, a 4% dividend yield, and a conservative payout ratio, supporting income and growth.While KIM trades near fair value at 14.2x forward P/FFO, its defensive profile and leasing momentum offer attractive risk-adjusted returns.Looking for a portfolio of ideas like this one? Members of iREIT®+HOYA Capital get exclusive access to our subscriber-only portfolios. Learn More »Sitewide Sale 2026: Get 20% Off Getty Images

Most investors would agree that having good acumen is a key to success. However, having patience with the conviction to stick with one’s thesis is another good trait that’s often ignored. Sticking with good companies with attractive valuations can pay

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of KIM either through stock ownership, options, or other derivatives. 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.

I am not an investment advisor. This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.

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.

The combined company will give businesses a single partner to accept, hold, and move money – including stablecoin transactions – across 190+ countries and territories At close, the combined company is expected to generate approximately $3 billion in annual revenue and process more than $500 billion in annual payment volume for more than 2.4 million customers , /PRNewswire/ -- Nuvei and Payoneer (Nasdaq: PAYO) today announced they have entered into a definitive agreement under which Nuvei will acquire Payoneer. Under the terms of the agreement, Nuvei will acquire all of the issued and outstanding shares of common stock of Payoneer Global Inc. for $7.40 per share in cash, representing a total transaction equity value of approximately $2.75 billion.

Nuvei CEO & Chair Phil Fayer

Nuvei x Payoneer logos "The acquisition of Payoneer marks a defining step in Nuvei's evolution into a global financial infrastructure leader," said Phil Fayer, Chairman and Chief Executive Officer of Nuvei. "By combining complementary capabilities, we can offer businesses a more complete platform to accept payments, send funds, issue cards, manage treasury and FX needs, and access embedded financial services – at scale."

As commerce becomes more complex across local and cross-border markets, businesses need infrastructure that can support the full transaction lifecycle. This transaction directly addresses that need by combining Nuvei's leading payment acceptance capabilities with Payoneer's cross-border payouts, multi-currency accounts and banking network, along with same-day and real-time settlement in more than 150 markets.

Together, the companies create an always-on, unified financial infrastructure built on trusted rails, supporting customers that do business across the world's leading digital commerce platforms, including Amazon, eBay, Walmart, Airbnb, Fiverr, Upwork, Etsy, ByteDance, Shopify, and WooCommerce.

A key component of this infrastructure is Payoneer's established regulatory footprint across major jurisdictions around the world. Payoneer holds multiple licenses and authorizations, including licensing for online payment services in mainland China and authorization in principle as a cross-border payment aggregator in India under the Reserve Bank of India's regulatory framework.

The transaction also strengthens Nuvei's ability to support emerging financial models, including agentic commerce, stablecoin payments, and platform-native financial services. These capabilities are expected to help businesses move funds more seamlessly across payment types, settlement networks, and jurisdictions.

"For two decades, Payoneer has earned the trust of millions of businesses in markets where trust takes years to build," said John Caplan, Chief Executive Officer of Payoneer. "We have transformed our business with extraordinary results, and our combination with Nuvei will extend what we can offer customers. Together, we will reach more businesses, in more markets, with a more complete platform."

Transaction Details

The transaction has been approved by the Boards of Directors at Nuvei and Payoneer.

The transaction is expected to close in mid-2027, subject to approval by Payoneer's shareholders, receipt of required regulatory approvals, and other customary closing conditions.

Goldman Sachs & Co. LLC is serving as lead financial advisor to Nuvei. Barclays Capital Inc. has also provided financial advice to Nuvei. Simpson Thacher & Bartlett LLP and Stikeman Elliott LLP are serving as legal counsel to Nuvei. Qatalyst Partners is serving as exclusive financial advisor to Payoneer. Davis Polk & Wardwell LLP is serving as legal counsel to Payoneer.

BMO Capital Markets, RBC Capital Markets, Barclays, UBS, and Wells Fargo are providing committed financing in connection with the transaction.

About Nuvei

Nuvei is building the infrastructure for every payment, everywhere. Its modular, flexible, and scalable technology enables leading companies to accept next-generation payments, offer all payout options, and benefit from card issuing, risk, and fraud management services. Connecting businesses to their customers in 190+ countries, with local acquiring in 52 markets, 150 currencies, and over 720 alternative payment methods, Nuvei provides the technology and insights that help customers and partners succeed locally and globally. For more information, visit www.nuvei.com.

About Payoneer 

Payoneer (Nasdaq: PAYO) is the financial platform for cross-border business and global payments. Payoneer empowers millions of businesses with the financial tools and services they need to grow and transact globally with confidence. Payoneer makes it easier for businesses, particularly in emerging markets, to connect to the global economy, pay and get paid across borders, manage their funds across multiple currencies, and grow their businesses.

Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Except for historical information contained in this press release, the matters discussed herein contain forward-looking statements that involve risks and uncertainties. Such statements are provided under the "safe harbor" protection of the Act. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "shall," "should," "expects," "plans," "positioning," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements include, but are not limited to, statements about transition and the impact of recent changes to our executive management team; statements regarding the expectations of demand for our products and cash flow generation; statements about improvements to and expansion of our products and platform, and launching new products; statements about future operating results, including revenue, volume, growth opportunities, variability of expenses, ability to realize efficiencies, future spending and incremental investments, business trends, our ability to deliver profits, and growth and value for shareholders; and assumptions regarding foreign exchange rates.

Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements regarding the transactions (the "Transaction") contemplated by the Agreement and Plan of Merger, dated as of June 12, 2026, by and among Payoneer Global Inc. (the "Company"), Neon Maple Parent Inc. ("Nuvei") and Panda Acquisition Sub Inc. (the "Merger Agreement"), including the expected time period to consummate the Transaction. All such forward-looking statements are based upon current plans, estimates, expectations and ambitions that are subject to risks, uncertainties and assumptions, many of which are beyond the control of the Company, that could cause actual results to differ materially from those expressed in such forward-looking statements. Key factors that could cause actual results to differ materially include, but are not limited to, the expected timing and likelihood of completion of the Transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the Transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; the possibility that the Company's stockholders may not approve the Transaction; the risk that the parties may not be able to satisfy the conditions to the Transaction in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the Transaction; the risk that any announcements relating to the Transaction could have adverse effects on the market price of the Company's common stock; the risk that the Transaction and its announcement could have an adverse effect on the parties' business relationships and business generally, including the ability of the Company to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers, and on their operating results and businesses generally; the risk of unforeseen or unknown liabilities; customer, stockholder, partner, regulatory and other stakeholder approvals and support; the risk of unexpected future capital expenditures; the risk of potential litigation relating to the Transaction that could be instituted against the Company or its directors and/or officers; the risk associated with third party contracts containing material consent, anti-assignment, transfer or other provisions that may be related to the Transaction which are not waived or otherwise satisfactorily resolved; the risk of various events that could disrupt operations, including severe weather, such as droughts, floods, avalanches and earthquakes, cybersecurity attacks, wars, security threats and governmental response to them, and technological changes; the risks of labor disputes, changes in labor costs and labor difficulties; and the risks resulting from other effects of industry, market, economic, legal or legislative, political or regulatory conditions outside of the Company's control. All such factors are difficult to predict and are beyond our control, including those detailed in the Company's annual report on Form 10-K for the fiscal year ended December 31, 2025 (and which is available at: https://www.sec.gov/Archives/edgar/data/1845815/000110465926020487/payo-20251231x10k.htm, quarterly reports on Form 10-Q and other documents subsequently filed by the Company with the Securities Exchange Commission ("SEC") and that are available at https://www.sec.gov/edgar/search/#/ciks=0001845815&entityName=Payoneer%2520Global%2520Inc.%2520(PAYO)%2520(CIK%25200001845815

The Company's forward-looking statements are based on assumptions that the Company believes to be reasonable but that may not prove to be accurate. Other unpredictable or unknown factors not discussed in this communication could also have material adverse effects on forward-looking statements. The Company does not assume an obligation to update any forward-looking statements, except as required by applicable law. These forward-looking statements speak only as of the date hereof.

Additional Information and Where to Find It
In connection with the Transaction, the Company will file with the SEC a proxy statement on Schedule 14A. The definitive proxy statement will be sent to the stockholders of the Company seeking their approval of the Transaction and other related matters. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT ON SCHEDULE 14A WHEN IT BECOMES AVAILABLE, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION OR INCORPORATED BY REFERENCE INTO THE PROXY STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING THE COMPANY, THE TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of these documents, including the proxy statement, and other documents filed with the SEC by the Company through the website maintained by the SEC at https://www.sec.gov/edgar/browse/?CIK=1845815&owner=exclude.

Copies of documents filed with the SEC by the Company will be made available free of charge by accessing the Company's website at https://investor.payoneer.com/financials/sec-filings. 

Participants in the Solicitation
The Company, Nuvei and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of the Company in connection with the Transaction under the rules of the SEC. Information about the interests of the directors and executive officers of the Company and other persons who may be deemed to be participants in the solicitation of stockholders of the Company in connection with the Transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the proxy statement related to the Transaction, which will be filed with the SEC. Information about the directors and executive officers of the Company and their ownership of the Company common stock is also set forth in the Company's definitive proxy statement in connection with its 2026 Annual Meeting of Stockholders, as filed with the SEC on April 27, 2026 (and which is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001845815/000110465926049462/tm261500-1_def14a.htm and in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (and which is available at

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001845815/000110465926020487/payo-20251231x10k.htm. Information about the directors and executive officers of the Company, their ownership of the Company common stock, and the Company's transactions with related persons is set forth in the sections entitled "Directors, Executive Officers and Corporate Governance," "Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters," and "Certain Relationships and Related Transactions, and Director Independence" included in the Company's annual report on Form 10-K for the fiscal year ended December 31, 2025, which was filed with the SEC on February 26, 2026 (and which is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001845815/000110465926020487/payo-20251231x10k.htm, and in the sections entitled "Information Regarding the Board of Directors and Corporate Governance," "Security Ownership of Certain Beneficial Owners and Management," "Certain Relationships and Related Party Transactions," and "Independence of the Board of Directors" included in the Company's definitive proxy statement in connection with its 2026 Annual Meeting of Stockholders, as filed with the SEC on April 27, 2026 (and which is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001845815/000110465926049462/tm261500-1_def14a.htm. Additional information regarding the interests of such participants in the solicitation of proxies in respect of the Transaction will be included in the proxy statement and other relevant materials to be filed with the SEC when they become available. These documents can be obtained free of charge from the SEC's website at www.sec.gov.

No Offer or Solicitation
This press release is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities or the solicitation of any vote of approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Contacts

Media Relations:

Jeremiah Glodoveza
[email protected]

Angela Sullivan
[email protected]

SOURCE Nuvei

PHILADELPHIA--(BUSINESS WIRE)--As states across the country legislate nutritional guidelines, Aramark Student Nutrition today announced updated school menus for the 2026–2027 school year, marking a natural next step in the company's longstanding approach to nutrition quality, ingredient transparency, and regulatory readiness. The new menus take decisive action to ensure consistency and compliance while reducing complexity for school districts. "In 2025 alone, feedback from nearly 90,000 student.

Delivers unconstrained volume capacity with GaAs foundries, sampling to customers in the next quarter

PALO ALTO, Calif.--(BUSINESS WIRE)--PicoJool, a pioneer in optical connectivity, is introducing its 200G Vertical Cavity Surface Emitting Lasers (VCSEL) products with a bandwidth exceeding 37GHz. The company will begin sampling chip-level products in the next quarter, including quad 100G, quad 200G and 32x50G NRZ uVCSELs for slow and wide applications. PicoJool is already working with system startups and hyperscalers to define the next generation of pluggable, near-packaged optics (NPO) and co-packaged optics (CPO) solutions for AI data centers.

VCSELs have been the backbone of data center optical connectivity since 1996, valued for their speed, reliability and unmatched cost efficiency. Up until now, the question has been whether the technology could scale to meet the bandwidth demands of modern AI infrastructure. PicoJool's breakthrough technology eliminates that question. The company's 200G VCSEL products pave the way for optical links as inexpensive, compact and manufacturable as traditional copper connections, with a clear roadmap to 800G, 1.6T and 3.2T.

PicoJool’s high bandwidth VCSELs combine unique parallel optics and packaging innovations to deliver high performance at a cost that competes directly with copper at scale. The company integrates its optical chips into massively parallel pluggable modules targeting large-scale AI systems. Underpinning the effort is a manufacturing partnership with WIN Semiconductor, the world's leading VCSEL producer for 3D sensing applications, which has shipped more than a billion chips over the past decade.

“We are excited to enable many optical transceiver and hyperscale companies to meet the growing demand for scale up optical connectivity solutions with an exciting product line and roadmap,” said Al Yuen, founder and CEO of PicoJool. “Our partnership with WIN Semiconductor has been very fruitful as we get ready to release a series of VCSEL products for high volume manufacturing.”

PicoJool's 200G designs and process recipes have already been transferred to WIN and other foundries, all of which specialize in gallium arsenide (GaAs), a compound semiconductor that emits light far more efficiently than silicon and already supports a mature, high-volume chip supply chain. Because GaAs-based VCSELs are unconstrained in production capacity, PicoJool avoids the supply bottlenecks that limit competing laser technologies.

“What makes Picojool significant is both the technology breakthrough and the manufacturing reality behind it,” said Pat Gelsinger, General Partner at Playground Global. “By building on a GaAs supply chain that has already shipped billions of chips, Picojool has solved both sides of the equation: record bandwidth and the production scale to deliver it. That combination is what turns a lab achievement into an industry shift, creating a viable path from copper to optical at AI scale.”

The PicoJool team brings decades of photonics product development and optical transceiver experience. Founder Al Yuen has released VCSEL-based products starting with gigabit Ethernet in 1996, the first 10G quad transceivers at his first startup, Alvesta, invented the active optical cable technology in 2001, and vertical oxidation for extreme volume VCSEL fabrication in 2016. The depth of the company’s technical expertise and the breadth of its relationships across the semiconductor supply chain uniquely positions PicoJool to design, deliver and scale massively parallel optical solutions for 1.6T, 3.2T and beyond.

PicoJool will begin sampling its 200G VCSEL products in the next quarter with high volume ramp expected in early 2027.

About PicoJool Inc. 

PicoJool Inc. is developing next-generation optical chips and modules for high-bandwidth, low-cost connectivity in hyperscale AI data centers. Founded by Al Yuen, who has foundational expertise in data center optical networking systems, PicoJool is redefining optical communication at the semiconductor to transceiver level. Learn more at https://picojool.com/.

Job search plans are on the rise as professionals seek better benefits, career growth opportunities and flexibility 46% say AI-generated application materials have intensified competition and made it harder to stand out , /PRNewswire/ -- New research from talent solutions and business consulting firm Robert Half shows that professionals are reassessing their careers, and many are preparing to make a move in the second half of 2026. A survey of more than 2,000 U.S. professionals found that 46% plan to look for a new job in the next 6 months, up from 38% in the first half of 2026 and 27% one year ago.

Gen Z workers (55%), as well as those who work in healthcare (56%) and technology (49%), are the most likely to explore new opportunities.

Nearly half (46%) of professionals plan to look for a new job in the next 6 months, according to research from Robert Half. What's motivating workers to change jobs?
After several years of market uncertainty and cautious job search activity, professionals are increasingly motivated to pursue new opportunities for a few key reasons:

Better benefits and perks (47%) Career advancement opportunities (43%) Remote work options (39%) Higher salary (35%) Feeling burned out (26%) "For the past few years, many workers have taken a cautious approach to career moves, often prioritizing stability amid economic and workplace uncertainty," said Dawn Fay, operational president of Robert Half. "Today, we're seeing growing confidence among professionals as they re-engage with the job market and actively pursue opportunities that offer greater career growth, flexibility and alignment with their long-term aspirations."

How has AI complicated the job search?
While professionals are exploring new opportunities, many anticipate challenges ahead, particularly as AI continues to reshape the job search. Among those looking for a new role:

46% say AI-generated applications have intensified competition for open roles. 40% are concerned about keeping their skills current as AI evolves. "AI has fundamentally changed the job search," Fay added. "It's increasingly difficult to stand out as more candidates use AI-generated materials that can make applications appear polished—but sometimes less accurate or distinctive. It's important for job seekers to have a plan and continue to evolve their skills to align with current workplace expectations."

Robert Half's latest Job Search Strategies Guide offers practical advice aligned with these insights, helping early career professionals apply this guidance as they enter today's workforce.

FAQ:
Why are more professionals planning to look for a new job?
Workers are reassessing their long-term career goals, compensation, flexibility and growth opportunities. Professionals now appear more willing to explore new roles that better align with their priorities.

How has AI changed the job search process?
AI has made applying for jobs easier, but it has also increased competition and application volume. Hiring managers are reviewing more homogenous applications, making it increasingly important for candidates to demonstrate authentic technical skills, communication abilities and measurable experience.

What can job seekers do to stand out in today's market?
Candidates should focus on clearly communicating measurable accomplishments, showcasing adaptability, and highlighting both technical and human skills. Tailoring resumes thoughtfully rather than relying on AI can also help candidates differentiate themselves.

Should professionals work with a recruiter during their job search?
Working with a specialized staffing firm can help candidates better understand hiring trends, identify opportunities that align with their skills and prepare more effectively for interviews. Recruiting experts can also provide insight into employer expectations, compensation trends and in-demand skills across industries.

About the Research
The research is gathered from a survey developed by Robert Half and conducted by an independent research firm in April 2026. The survey includes responses from more than 2,000 employed workers across the United States.

About Robert Half
Robert Half (NYSE: RHI) is the world's first and largest specialized talent solutions and business consulting firm, connecting highly skilled job seekers with rewarding opportunities at great companies. We offer contract talent and permanent placement solutions in the fields of finance and accounting, technology, marketing and creative, legal, administrative and customer support, healthcare support, and human resources.

Robert Half is the parent company of Protiviti®, a global consulting firm that delivers internal audit, risk, business and technology consulting solutions. In the past 12 months, Robert Half, including Protiviti, has been named one of the Fortune® Most Admired Companies™ and 100 Best Companies to Work For. Explore talent solutions, research and insights at roberthalf.com.

SOURCE Robert Half

Lending support to his choice, Oppenheimer analyst Chris Kotowski, on Friday, maintained Jefferies Financial with an Outperform rating and raised the price target from $72 to $87.

Malcolm Ethridge, managing partner at Capital Area Planning Group, picked The Goldman Sachs Group, Inc. (NYSE:GS).

JP Morgan analyst Kian Abouhossein, on Friday, maintained Goldman Sachs with a Neutral rating and raised the price target from $826 to $900.

Don't forget to check out our premarket coverage here

Stephanie Link, chief investment strategist, head of investment solutions and portfolio manager at Hightower Advisors, recommended Kinder Morgan, Inc. (NYSE:KMI).

On the earnings front, Kinder Morgan, on April 22, posted better-than-expected first-quarter earnings. The company reported quarterly earnings of 48 cents per share which beat the analyst consensus estimate of 40 cents per share. The company reported quarterly sales of $4.828 billion which beat the analyst consensus estimate of $4.598 billion.

Brad Gerstner, founder and CEO of Altimeter Capital, picked SK Hynix Inc.

Price Action:

Jefferies Financial shares gained 3.4% to close at $61.66 on Friday. Goldman Sachs shares rose 2.6% to settle at $1,062.75 during the session. Kinder Morgan shares climbed 1.9% to close at $31.94 on Friday. Photo via Shutterstock

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On June 15, 2026, we take a closer look at the DCF analysis for Analog Devices Inc ADI , a company that has shown remarkable price performance over the past year. The stock has appreciated significantly, with a year-to-date increase of 55.0% and a one-year increase of 82.4%. However, the DCF valuation reveals a different perspective on its current price.

DCF Earnings-based intrinsic value: $227.83 vs current price: $417.79 (margin of safety: -83.4%) DCF FCF-based intrinsic value: $162.65 vs current price: $417.79 (significantly overvalued) GF Score™: 94/100, indicating high reliability of the DCF inputs What Is ADI Worth? DCF Earnings-Based Model The DCF earnings-based model for Analog Devices Inc ADI utilizes a two-stage valuation approach, which considers the company's expected growth over the next 10 years followed by a terminal growth phase. The model assumes a current EPS of $9.86 and a 10-year growth rate of 15.5%. The discount rate is set at 11%, derived from the risk-free rate and equity risk premium.

Parameter Value Current EPS (TTM, excl. non-recurring) $9.86 10-Year Growth Rate 15.5% 10-Year Treasury Rate 4.45% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% The growth phase (Years 1-10) anticipates an EPS growth of 15.5% per year, which is then discounted at the rate of 11%. Following this growth phase, the terminal phase (Years 11-20) assumes a slower growth rate of 4%. The calculation summary is as follows:

Stage Description Value Growth Stage (Years 1-10) EPS growing at 15.5%, discounted at 11% $123.49 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $104.34 Intrinsic Value Growth + Terminal $227.83 With the current price standing at $417.79, the intrinsic value derived from the DCF earnings-based model indicates that the stock is modestly overvalued, with a margin of safety of -83.4%. It is important to note that GuruFocus utilizes EPS excluding non-recurring items, as research indicates that stock prices correlate more closely with earnings than free cash flow. For a detailed calculation, visit the ADI DCF Calculator.

What Does the Free Cash Flow DCF Say? The free cash flow (FCF) based intrinsic value for Analog Devices Inc is calculated at $162.65. When comparing this with the earnings-based intrinsic value of $227.83, the two models present a consensus of being significantly overvalued, with a margin of safety of -156.9%. This discrepancy highlights the importance of considering multiple valuation methods when assessing a company's worth.

How Does GF Value™ Compare to the DCF Models? The GF Value™ for Analog Devices Inc is calculated at $299.80, providing a third perspective on the valuation. GF Value™ is GuruFocus' proprietary measure that takes into account historical trading multiples, past business growth, and future performance estimates. While the DCF models suggest the stock is overvalued, the GF Value™ also indicates a level of overvaluation, aligning with the findings from both the earnings-based and FCF-based DCF analyses. For more insights, visit the GF Value™ page.

What Does ADI's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have been shown to generate higher long-term returns based on backtested data from 2006-2021. The current GF Score™ for Analog Devices Inc is 94/100, indicating strong performance across these metrics.

Metric Rating GF Score™ 94/100 Financial Strength 7/10 Profitability 9/10 Growth 10/10 Valuation 5/10 Momentum 9/10 With a predictability rank of 1/5 stars, it is important to note that higher predictability ratings contribute to the reliability of the DCF model for this stock. For further details, visit the ADI stock page.

Key Assumptions and Limitations It is crucial to recognize that DCF models are highly sensitive to the assumptions made regarding growth rates and discount rates. Stocks with low predictability ratings, such as Analog Devices Inc with a rank of 1/5, tend to produce less reliable DCF estimates. Additionally, the terminal growth rate of 4% is a simplifying assumption that may not fully capture future market conditions.

What This Means for Investors In synthesizing the findings from the DCF earnings-based model, the DCF FCF model, and the GF Value™, it is evident that Analog Devices Inc is currently overvalued. The significant discrepancies between intrinsic values and the current market price suggest caution for potential investors.

For the full DCF analysis, visit the ADI DCF Calculator. You can also explore the GF Value™ page, or use the GuruFocus Stock Screener to find undervalued predictable companies.

Frequently Asked Questions What is ADI's intrinsic value based on DCF?

earnings-based $227.83, FCF-based $162.65

Is ADI overvalued or undervalued?

Based on the DCF and GF Value™ consensus, ADI is overvalued.

How reliable is the DCF model for ADI?

With a predictability rank of 1/5, the DCF model is less reliable for ADI.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

On June 15, 2026, we take a closer look at the DCF analysis for Amphenol Corp APH amidst its recent price performance. The stock has shown impressive gains, with a year-to-date increase of 14.0% and a remarkable 63.7% rise over the past year.

DCF Earnings-based intrinsic value of $87.11 vs current price of $153.80 (margin of safety: -76.6%) DCF FCF-based intrinsic value of $83.39 vs current price (second opinion) GF Score™ of 94/100 indicating high reliability of the DCF inputs What Is APH Worth? DCF Earnings-Based Model The DCF earnings-based model for Amphenol Corp considers a two-stage growth approach. In the first stage, we project earnings growth over the next ten years at a rate of 15.5%. This growth is then discounted at a rate of 11%, which is derived from the risk-free rate and equity risk premium. In the second stage, we apply a terminal growth rate of 4% for the following ten years, also discounted at 11%. The assumptions used in this model are summarized in the table below:

Parameter Value Current EPS (TTM, excl. non-recurring) $3.77 10-Year Growth Rate 15.5% 10-Year Treasury Rate 4.45% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% In the growth phase (Years 1-10), the EPS is expected to grow at 15.5% per year, resulting in a value of $47.22 per share when discounted at 11%. Following this, in the terminal phase (Years 11-20), the growth rate slows to 4%, leading to a terminal stage value of $39.89 per share. The summary of these calculations is as follows:

Stage Description Value Growth Stage (Years 1-10) EPS growing at 15.5%, discounted at 11% $47.22 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $39.89 Intrinsic Value Growth + Terminal $87.11 With the current price at $153.80, the intrinsic value of $87.11 indicates that the stock is modestly overvalued, with a margin of safety of -76.6%. It is important to note that GuruFocus uses EPS excluding non-recurring items, as research indicates that stock prices correlate more closely with earnings than with free cash flow. For further details, you can access the APH DCF Calculator.

What Does the Free Cash Flow DCF Say? The free cash flow (FCF) based intrinsic value for Amphenol Corp is calculated at $83.39. When comparing this value with the earnings-based intrinsic value of $87.11, both models indicate that the stock is modestly overvalued, with a margin of safety of -84.4%. This alignment between the two valuation methods provides a consistent perspective on the stock's current valuation status.

How Does GF Value™ Compare to the DCF Models? The GF Value™ for Amphenol Corp is calculated at $135.86, offering a third perspective on the stock's valuation. GF Value™ is GuruFocus' proprietary measure, derived from historical trading multiples, past business growth, and future performance estimates. Notably, all three models—the DCF earnings-based, DCF FCF-based, and GF Value™—suggest that the stock is overvalued at its current price. For more information, visit the GF Value™ page.

What Does APH's GF Score™ Tell Us? The GF Score™ for Amphenol Corp stands at an impressive 94/100, indicating strong potential for long-term returns based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have historically generated superior returns. Below is a summary of APH's GF Score™ metrics:

Metric Rating GF Score™ 94/100 Financial Strength 6/10 Profitability 9/10 Growth 10/10 Valuation 6/10 Momentum 8/10 With a predictability rank of 1/5 stars, it is essential to note that higher predictability ratings typically enhance the reliability of DCF models. For more insights, check the APH stock page.

Key Assumptions and Limitations It is important to recognize that DCF models are highly sensitive to the assumptions made regarding growth rates and discount rates. Stocks with low predictability ratings, such as APH's 1/5 stars, tend to produce less reliable DCF estimates. Additionally, the terminal growth rate of 4% is a simplifying assumption that may not reflect future market conditions.

What This Means for Investors In summary, the DCF earnings-based model, DCF FCF model, and GF Value™ all point towards Amphenol Corp being overvalued at its current price of $153.80. Given the significant discrepancies between the intrinsic values and the market price, investors may want to exercise caution.

For the full DCF analysis, visit the APH DCF Calculator. You can also explore the GF Value™ page, or use the GuruFocus Stock Screener to find undervalued predictable companies.

Frequently Asked Questions What is APH's intrinsic value based on DCF?

earnings-based $87.11, FCF-based $83.39

Is APH overvalued or undervalued?

Based on the DCF earnings and FCF models, as well as GF Value™, APH is considered overvalued.

How reliable is the DCF model for APH?

The DCF model's reliability is limited due to a predictability rank of 1/5 stars.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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Together, the companies target GW-scale AI Rack and advanced infrastructure manufacturing for global data center build outs, anchoring India as a premier hub for AI hardware export.

AHMEDABAD, India & ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Adani Group, India’s leading integrated infrastructure and green energy conglomerate, and Jabil Inc. (NYSE: JBL), a global leader in engineering, supply chain, and manufacturing solutions, today announced the intent to form a strategic alliance to establish a world-class, vertically integrated AI and data center infrastructure manufacturing platform in India.

The alliance integrates Jabil’s six decades of advanced engineering, cross-industry manufacturing expertise, and proven hyperscale data center solutions with Adani Group’s massive infrastructure footprint, green energy portfolio, logistics network, and rapidly expanding domestic data center operations. This powerful combination will be structured to directly address the explosive local and global demand for AI-ready data center hardware.

CORE PILLARS OF THE MANUFACTURING PLATFORM

Giga-Scale AI Rack Architecture: The platform plans to deploy multi-GW of high-density AI Rack manufacturing capacity in India. This will serve the critical infrastructure needs of global hyperscalers, co-location facilities, and enterprise data centers through the advanced manufacturing and integration of next-generation liquid-cooled AI racks, servers, storage, and networking systems utilizing state-of-the-art SMT (Surface Mount Technology) and complex box-build processes. 360-Degree AI Infrastructure Ecosystem: Beyond computing racks, the alliance encompasses full-spectrum white space and grey space device manufacturing. This includes Power Distribution Units (PDUs), Coolant Distribution Units (CDUs), Transformers, Switchgears, Bus Bars, and advanced thermal management systems. Together, Adani and Jabil intend to deliver an end-to-end, design-to-deployment hardware ecosystem, providing infrastructure builders with a highly integrated single-source solution. Market Scale & Transition to Final Documentation: This initiative addresses a global market opportunity exceeding USD 3 trillion over the next seven years, driven by structural investments in AI compute. The two organizations are currently working on the definitive operational frameworks and formal documentation to accelerate the execution of this manufacturing roadmap. STRATEGIC RATIONALE

India's data center market is at an inflection point, with industry forecasts projecting capacity to reach between 5-8 GW by 2030, fueled by growing AI demand, cloud expansion, and data localization requirements. As global hyperscalers accelerate investment in India's digital infrastructure — with more than USD 50 billion in planned spending across data center, cloud, and AI ecosystems — the country's focus on data sovereignty is reshaping technology supply chains. Coupled with the requirements of the Digital Personal Data Protection Act, these trends are driving increased demand for domestically manufactured hardware and strengthening India's position as a strategic technology manufacturing hub. Furthermore, the Union Budget 2026’s landmark tax holiday for data centers until 2047 significantly enhances the global export competitiveness of India-based manufacturing.

This alliance directly aligns with Adani Group’s USD 100 billion commitment to develop 5 GW of green-energy-powered, hyperscale AI-ready data centers by 2035, complementing established collaborations with global technology leaders.

Jabil, which recorded USD 29.8 billion in revenue for fiscal year 2025, continues to be a leader in the global AI data center buildout. Following strategic U.S. infrastructure expansions and the acquisitions of Hanley Energy Group and Mikros Technologies, Jabil brings comprehensive power management and precision thermal solutions capabilities to this Indian platform.

A LANDMARK STEP FOR 'MAKE IN INDIA'

This alliance serves as a flagship paradigm for the next phase of the Make in India vision, transitioning the nation from an importer of digital infrastructure into a dominant global manufacturer and exporter of AI hardware.

By anchoring high-value, deep-tech manufacturing domestically, the Adani-Jabil platform is expected to strengthen global supply chain resilience, generate thousands of highly skilled engineering jobs, and establish a sovereign-aligned technology ecosystem.

LEADERSHIP QUOTES

Mr. Gautam Adani, Chairman, Adani Group, noted:

"The world is entering an Intelligence Revolution more profound than any previous Industrial Revolution. Nations that master the symmetry between energy and compute will shape the next decade. India is uniquely positioned to lead. Our alliance with Jabil represents a decisive step in building India's complete AI infrastructure stack — from green power generation to world-class hardware manufacturing. Together, we will ensure India is not merely a consumer in the AI age, but a creator, builder, and exporter of intelligence."

Mr. Mike Dastoor, CEO, Jabil, stated:

"This strategic collaboration with Adani Group is another step forward in our efforts to create long-term value for customers throughout the AI ecosystem by offering scalable solutions across the product lifecycle. By combining Jabil's more than sixty years of engineering expertise and advanced manufacturing capabilities with Adani's formidable infrastructure and energy platform, we can expect to execute down to the rack level for hyperscalers and enterprises here in India and across the globe. As India becomes one of the world’s fastest-growing AI markets, the country’s skilled workforce and supportive business environment make it an attractive destination for this collaboration."

FORWARD-LOOKING STATEMENTS

This release contains forward-looking statements, including those regarding the potential strategic collaboration with Adani Group. The statements in this release are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from our current expectations. Forward-looking statements could be affected by the following factors, among others, related to the potential alliance: the occurrence of any event, change or other circumstances that could give rise to the termination of work on the alliance, including the possibility of not being able to satisfactorily negotiate and execute a binding agreement regarding the collaboration; unexpected costs or unexpected liabilities that may arise from the potential alliance; the impact of changes in economic, market, political or social conditions; and future regulatory or legislative actions that could adversely affect the parties. Additional factors that could cause such differences can be found in Jabil’s Annual Report on Form 10-K for the fiscal year ended August 31, 2025 and Jabil’s other filings with the Securities and Exchange Commission. Jabil assumes no obligation to update these forward-looking statements.

About Adani Group:

Headquartered in Ahmedabad, India, Adani Group is one of India's largest integrated infrastructure conglomerates with interests in Resources, Logistics, Energy, Agro, Real Estate, Public Transport Infrastructure, Consumer Finance, and Defence. Driven by its core philosophy of ‘Nation Building’ and ‘Growth with Goodness’, the Group is committed to sustainable development and regional transformation. Further information at www.adani.com.

About Jabil:

At Jabil (NYSE: JBL), we are proud to be a trusted partner for the world's top brands, offering comprehensive engineering, supply chain, and manufacturing solutions. With 60 years of experience across industries and a vast network of over 100 sites worldwide, Jabil combines global reach with local expertise to deliver both scalable and customized solutions. Our commitment extends beyond business success as we strive to build sustainable processes that minimize environmental impact and foster vibrant and diverse communities around the globe. Discover more at www.jabil.com.

More News From Jabil, Inc.

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Marking its 10th consecutive year at VivaTech, ManpowerGroup will unveil new workforce research, showcase AI-powered innovation, and share practical insights on how organizations can build the workforce readiness needed to turn AI ambition into business impact.

, /PRNewswire/ -- ManpowerGroup, a global leader in workforce solutions, returns to VivaTech for the 10th consecutive year, bringing new workforce research, AI-powered innovations, and practical insights to one of the defining business challenges of the AI era: turning technology investment into business impact through people.

ManpowerGroup at VivaTech 2026 Under the theme Human First, Digital Always: Redesigning Work for the Age of AI, ManpowerGroup will offer a real time, real world, real people perspective on the future of work — showing organizations how they can move beyond experimentation and unlock the full value of AI by redesigning work, developing skills, and creating pathways for people to grow alongside emerging technologies.

"The conversation around AI has shifted from what's possible to what's practical," said Becky Frankiewicz, President and Chief Strategy Officer of ManpowerGroup. "While employers are investing in AI, worker confidence in using it is falling. That's the gap we need to close. The hardest part of AI adoption is the people side of the change. The companies getting ahead right now are the ones investing in their workforce with the same intensity they're investing in the tools. At VivaTech, we'll show organizations how to make that shift."

Featured ManpowerGroup Sessions at VivaTech 2026
Throughout VivaTech, ManpowerGroup leaders will bring fresh research, workforce intelligence, and practical experience to conversations about AI, workforce transformation, human-technology collaboration, and the future of talent.

An Inside Job: Reskilling for a New Economy – Wednesday, June 17 | Stage One | 3:15 – 3:45 p.m. CET

Frankiewicz joins Saadia Zahidi, Managing Director and Member of the Managing Board of the World Economic Forum, in a discussion moderated by CNBC's Karen Tso. Together, they will examine whether organizations can reskill workers quickly enough to keep pace with AI-driven change, which industries face the greatest workforce pressures, and how leaders can prepare talent for a rapidly evolving economy. The Industrial-Scale Reshuffle: How Are Machine Collabs Transforming Work? – Wednesday, June 17 | Black Stage | 12:25 – 1 p.m. CET

Riccardo Barberis, Regional President, Northern Europe and France, takes the stage alongside Samantha Gloede, Global Head of Risk Services and Global Trusted AI Leader at KPMG International, and Erkki Keldo, Minister of Economy and Industry of the Government of Estonia. The discussion will examine how global manufacturing is confronting a historic labor crunch as aging workforces retire, how AI is emerging as a bridge for knowledge transfer to a new generation, and whether the shift from automation to autonomy is spawning new career categories while eliminating old ones. Beyond the AI Pilot: How Humans and Agents Drive Enterprise Impact – Thursday, June 18 | IBM Booth | 4 – 4:30 p.m. CET

Kye Mitchell, President of Experis U.S., will headline an IBM-hosted discussion at the IBM booth on how human teams and AI agents can work together once organizations move beyond AI experimentation to drive real enterprise impact through the right balance of talent, technology, and governance. Hybrid Intelligence: Managing AI's Evolution from Tool to Coworker – Friday, June 19 | Purple Stage | 11:10 – 11:55 a.m. CET A conversation with Valérie Beaulieu-James, Chief Growth and Innovation Officer; Corine de Bilbao, CVP of Microsoft France; and Jeremie Profeta, Chief Transformation Officer of Sonepar, moderated by Ana Rold, CEO and Founder of Diplomatic Courier. The panel will explore how AI is evolving from a passive tool into an active teammate, what becomes our new competitive advantage when technical hard skills are commoditized by automation, how to balance the speed of agentic autonomy with human accountability, and what leaders must learn to lead effectively tomorrow as we move from managing people to orchestrating systems.

Beyond the Résumé: What AI Means for How We Hire and Who Gets Ahead – Friday, June 19 | Purple Stage | 12 PM – 12:40 PM CET

Ruth Harper, SVP, Chief Marketing and Sustainability Officer, sits down with Sue Duke, Managing Director for EMEA & LATAM and VP of Global Public Policy at LinkedIn, Claire Lebarz, CTO of Malt, and Emily Witko, Head of Culture at Hugging Face, moderated by Charlie Perreau, Cheffe du service Tech-Médias-Startup at Les Echos. The session will take on how AI is transforming recruitment at speed, parsing thousands of résumés in seconds while risking codified bias, how organizations can hire for potential rather than credentials when the definition of competence keeps shifting, and who is ultimately responsible when a machine makes a career-altering decision. One Booth, Three Brands, Three Days of Focus
Throughout VivaTech, the ManpowerGroup booth will feature dedicated brand days, each designed to showcase how Manpower, Experis, and Talent Solutions are turning AI ambition into workforce reality.

Wednesday, June 17 – Manpower Day: Creating Talent at Scale
Manpower will demonstrate how organizations can build workforce readiness at scale through AI-powered hiring and talent development. Live demonstrations will feature:

Sophie PowerChat, a conversational assistant that helps candidates discover and apply for opportunities in minutes. Hubert AI, a 24/7 automated pre-screening solution that accelerates hiring while improving candidate experience. AutoMatch, an AI-driven matching engine that connects the right people to the right jobs faster and more accurately. The newly enhanced Manpower App, delivering a personalized, connected experience for job seekers and associates. At 9:30 a.m. CET, the ManpowerGroup booth will host a panel discussion, The Candidate Experience for the Next Generation of Talent, featuring Sébastien Delfosse, Global Brand Leader of Manpower; Greg Dunbar, Chief Commercial Officer at Hubert; and Diana Filip, Deputy CEO and Chief Development Officer at JA Europe. Together, they will tackle how AI is reshaping the way young people enter the workforce and how organizations can prepare early-career workers for jobs that are changing faster than the systems built to train them.

Thursday, June 18 – Experis Day: From Innovation to Impact
Experis will showcase how human ingenuity unlocks the full potential of technology, with a focus on enterprise AI services and tech talent development. Highlights include:

EXCELERATE AI, a comprehensive AI services suite built to help organizations move from experimentation to enterprise-scale implementation. The Tech Talent Community, connecting employers with highly skilled technology professionals across in-demand disciplines. MyCONTACT Bot First, an omnichannel support platform that combines automation with human expertise to improve IT service delivery. The day will also feature a live presentation of the Experis CIO Outlook 2026 at the ManpowerGroup booth at 10 a.m. CET. Based on responses from 1,930 technology leaders across 12 countries, the research finds that 54% of CIOs are already realizing positive returns on AI investments. James Hallahan, Experis Europe Brand Leader, will lead a discussion with technology executives following the presentation.

Friday, June 19 – Talent Solutions Day: Workforce Intelligence for a Complex World
Talent Solutions will demonstrate how data-driven workforce strategy enables organizations to anticipate change and build long-term resilience. Innovations on display include:

AI Boost, a rapid 30-minute diagnostic that measures organizational AI maturity through workforce assessment. AI Impact Scorecard, a predictive planning tool that models automation potential and efficiency gains over three years. Agents-to-Humans, a human-centered orchestration platform that automates HR processes while maintaining transparency, accountability, and human oversight. Beaulieu-James returns to the ManpowerGroup booth at 2:30 p.m. CET for The New Talent Equation: Why AI Is Not the Differentiator, joined by Krishna Charan, VP at Everest Group. Drawing on new research from ManpowerGroup Talent Solutions and Everest Group, the panel will examine why more than 90% of organizations are using AI in talent acquisition but fewer than 5% report transformational outcomes — and what it takes to close that gap.

Startup Challenge: Redesigning Work for the Age of AI
To spotlight emerging technologies helping organizations close skills gaps, improve hiring outcomes, accelerate workforce development, and expand access to opportunity, ManpowerGroup will host the live finale of its 2026 VivaTech Startup Challenge on Wednesday, June 17, at the Viva Pitch Studio.

Of the more than 200 applicants, five global finalists were selected for their ability to deliver these capabilities:

Hippolyte.ai – An agentic AI recruitment platform spanning passive sourcing through conversational chatbots and voicebots, helping organizations reduce time-to-hire. Skillvue – A skills intelligence platform that integrates into HR ecosystems to provide objective, science-based data for hiring, internal mobility, and workforce planning. Skillberg – A unified European skills architecture mapping more than 158,000 skills and 20,000 occupations to support multilingual talent matching across borders. SynTwin – An AI-powered platform that creates conversational digital replicas of top-performing professionals to accelerate onboarding, training, and knowledge transfer. TaTiO – A virtual job simulation platform enabling employers to evaluate real-world capabilities through practical, role-based assessments. The winning startup will receive an opportunity to launch a commercial proof-of-concept partnership with an active ManpowerGroup market.

Bringing Worker Voices to VivaTech
Throughout the event, the ManpowerGroup booth will feature a live worker storytelling activation, capturing perspectives on how technology is changing work and what individuals need to thrive in an AI-powered economy.

On Saturday, June 20, the booth will transition into a dedicated Talent Center, connecting job seekers with recruiters and career opportunities while demonstrating ManpowerGroup's commitment to helping people build meaningful, sustainable careers in a rapidly evolving labor market.

For more information about ManpowerGroup at VivaTech 2026, visit manpowergroup.com.

ABOUT MANPOWERGROUP  
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time; all confirming our position as the brand of choice for in-demand talent. 

For more information, visit www.manpowergroup.com, or follow us on LinkedIn, Facebook, and Bluesky. 

SOURCE ManpowerGroup

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Source: AP News.Gwynne Shotwell’s leadership highlighted at SpaceX: SpaceX President and COO Gwynne Shotwell, now worth over $2B, is recognized for expanding SpaceX, navigating its IPO, and managing major technological and financial milestones alongside CEO Elon Musk. Source: Fortune.Charlie Javice seeks Trump pardon after JPMorgan fraud conviction: Former Frank founder Charlie Javice, convicted of defrauding JPMorgan JPM , is reportedly seeking a presidential pardon from the Trump administration while serving a seven-year prison sentence. Source: CNBC.U.K. scam losses surge as criminals use AI: Financial fraud losses in the U.K. rose to £1.3 billion in 2025, with criminals increasingly leveraging AI for sophisticated investment, purchase, and romance scams, according to a new UK Finance report. 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This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

The deal value for the streaming company includes debt.