Market Signal Briefing

October 01, 2025 02:00 ET

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Diversified Energy PLC

Diversified Energy Announces Proposed Move of Primary Listing to the New York Stock Exchange

Diversified Will Retain UK Listing on the International Secondary Listing Category

Move Expected to Enhance Trading Liquidity, Increase Visibility with Investors, and Provide Strategic Capital Markets Benefits to Accelerate Growth

BIRMINGHAM, Ala., Oct. 01, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company PLC (the “Company”) (LSE:DEC, NYSE:DEC) announced today that its Board of Directors, having evaluated the Company’s optimal public company listing venue, intends to move the Company’s primary listing to the New York Stock Exchange (“NYSE”) while retaining a secondary listing on the London Stock Exchange (“LSE”).

Today, the Company is substantially a US business, reporting in US dollars, with all the Company’s operating profit derived from its US operations, which is also the sole growth market for the business. The Company’s executive management team and operational headquarters are based in the US, all of its employees reside in the US and all its assets are located in the US.

Additionally, as of June 30, 2025, over 65% of the Company’s outstanding shares were held by US resident investors. The Company will start filing customary SEC financial statements and periodic reports as a US domestic filer with its year-end 2025 financial results.

The Board has been evaluating the optimal primary listing venue for the Company in the context of its business strategy for the benefit of all its stakeholders. In December 2023, the Company undertook an additional listing of its shares on the NYSE to complement its existing LSE listing. At this time, the Board has concluded that the US market is the natural long-term primary listing venue for the Company and that moving to a US primary listing, while retaining a secondary UK listing on the ESICC Category, is in the best interests of its shareholders.

In arriving at this conclusion, the Board considered several factors and potential benefits, including:

alignment of the primary listing venue with the Company’s business activity, leadership team, and employee baseincreased overall liquidity in the Company’s shares, given access to deeper US capital marketsincreased exposure to US investors through a primary US listing, including additional access to passive investment pools of capitalexpanded Company profile and access to high-quality equity investorssimplified share ownership for the wider employee base of the Company and expanded access to the recruitment and retention of top US talentoptimized positioning of the Company for inclusion in premier US equity indices and Exchange Traded Fundsretention of a secondary listing on the LSE to facilitate trading liquidity for non-US shareholder base The proposed venue change will be implemented by way of a UK scheme of arrangement which will require a formal vote by shareholders of the Company at a general meeting (“General Meeting”) to be approved by a majority in number of the registered shareholders voting in person or by proxy, representing 75% in value of the shares voted. It is currently expected that a shareholder circular containing details of the proposals will be published and that the General Meeting will take place in the coming weeks. Subject to shareholders voting in favor of the proposals at the General Meeting, the Board expects that the scheme of arrangement will take effect during the fourth quarter of 2025, after which the shares are expected to trade on the NYSE and on the equity shares (commercial companies) category of the Official List of the FCA (the “ESICC Category”) and the Main Market of the LSE.

Further announcements will be made in due course as the process advances.

For further information, please contact:

Diversified Energy Company PLC +1 973 856 2757Doug Kris [email protected] Vice President, Investor Relations & Corporate Communications www.div.energy   FTI Consulting [email protected]. & UK Financial Public Relations      About Diversified Energy Company PLC

Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our unique differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

Forward-Looking Statements

This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). These forward-looking statements, which may contain the words "anticipate", "believe", "intend", "estimate", "expect", "may", "will", "seek", "continue", "aim", "target", "projected", "plan", "goal", "achieve", “opportunity” and words of similar meaning, reflect the Company's beliefs and expectations and are based on numerous assumptions regarding the Company's present and future business strategies and the environment the Company will operate in and are subject to risks and uncertainties that may cause actual results to differ materially. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this announcement and include statements regarding the intentions, beliefs or current expectations of management or the Company concerning, among other things, statements regarding the reorganization, our transition to reporting as a US domestic filer, the General Meeting and the move of our primary listing to the NYSE and the retention of a secondary listing on the LSE, including the timing for such events, future communications regarding such events, their benefits and impact, descriptions of anticipated future liquidity and access to capital, and the inclusion of our equity securities in certain US equity indices or exchange traded funds. No representation is made that any of these statements or forecasts will be achieved. The reorganization and move to a primary listing may not be realized on the terms described in this release or at all. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company's ability to control or estimate precisely, including risks relating to the proposed reorganization, including the requirements for shareholder and court approvals, the move to a US primary listing, the Company’s transition to reporting as a US domestic filer, the potential that anticipated benefits such as enhanced liquidity, index eligibility and broader investor access may not be realized, as well as the risk factors described in the "Risk Factors" section in the Company's Annual Report and Form 20-F for the year ended December 31, 2024, filed with the SEC, and also including other important factors that could cause actual results to differ materially from those projected. Forward-looking statements speak only as of their date and neither the Company nor any of its directors, officers, employees, agents, affiliates or advisers expressly disclaim any obligation to supplement, amend, update or revise any of the forward-looking statements made herein, except where it would be required to do so under applicable law. As a result, you are cautioned not to place undue reliance on such forward-looking statements.

Item 1 of 2 Aishwarya Rai poses on the red carpet during arrivals for the screening of the film "La venue de l'avenir" (Colors of Time) Out of competition at the 78th Cannes Film Festival in Cannes, France, May 22, 2025. REUTERS/Sarah Meyssonnier/File Photo

[1/2]Aishwarya Rai poses on the red carpet during arrivals for the screening of the film "La venue de l'avenir" (Colors of Time) Out of competition at the 78th Cannes Film Festival in Cannes, France, May 22, 2025. REUTERS/Sarah Meyssonnier/File Photo Purchase Licensing Rights, opens new tab

SummaryCompaniesBollywood couple fight for personality rights in New Delhi courtActors argue AI videos cause harm, should not be used in trainingCases could impact how YouTube allows video sharing with consentYouTube still shows Bollywood AI content with millions of viewsNEW DELHI, Oct 1 (Reuters) - In India, Bollywood stars are asking judges to protect their voice and persona in the era of artificial intelligence. One famous couple's biggest target is Google's

(GOOGL.O), opens new tab video arm YouTube.

Abhishek Bachchan and his wife Aishwarya Rai Bachchan, known for her iconic Cannes Film Festival red carpet appearances, have asked a judge to remove and prohibit creation of AI videos infringing their intellectual property rights. But in a more far-reaching request, they also want Google ordered to have safeguards to ensure such YouTube videos uploaded anyway do not train other AI platforms, legal papers reviewed by Reuters show.

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A handful of Bollywood celebrities have begun asserting their "personality rights" in Indian courts over the last few years, as the country has no explicit protection for those like in many U.S. states. But the Bachchans' lawsuits are the most high-profile to date about the interplay of personality rights and the risk that misleading or deepfake YouTube videos could train other AI models.

The actors argue that YouTube's content and third-party training policy is concerning as it lets users consent to sharing of a video they created to train rival AI models, risking further proliferation of misleading content online, according to near-identical filings from Abhishek and Aishwarya dated September 6, which are not public.

"Such content being used to train AI models has the potential to multiply the instances of use of any infringing content i.e. first being uploaded on YouTube being viewed by the public, and then also being used to train," the filings said.

Representatives for the Bachchans and Google spokespersons did not respond to Reuters' queries. The Delhi High Court last month asked Google's lawyer in court to submit written responses before the next hearing on January 15.

YouTube's India managing director, Gunjan Soni, last month described the platform as "the new TV for India". With around 600 million users, India is YouTube's biggest market globally, and it is popular for entertainment content like Bollywood videos.

LAWSUIT ALLEGES YOUTUBE VIDEOS ARE 'EGREGIOUS'Indian courts have already started to back Bollywood stars upset about generative AI content damaging their reputation. In 2023, a Delhi court restrained the misuse of Anil Kapoor's image, voice and even a catchphrase he often used.

Reuters is first to report details of the Bachchans' specific challenge against Google, which was contained in court filings spanning 1,500 pages where they mostly target little-known sellers for unauthorised physical merchandise like posters, coffee mugs and stickers with their photos, and even fake autographed pictures.

They are also seeking $450,000 in damages against Google and others, and a permanent injunction against such exploitation.

The lawsuits contain hundreds of links and screenshots of what they allege are YouTube videos showing "egregious", "sexually explicit" or "fictitious" AI content.

The judge in early September ordered 518 website links and posts specifically listed by the actors to be taken down, saying they caused financial harm to the couple and harmed their dignity and goodwill.

Reuters, however, found videos similar to the examples of infringing videos cited in Abhishek's papers on YouTube.

Among them: a clip showing Abhishek posing but then suddenly kissing a film actress using AI manipulation; an AI depiction of Aishwarya and her co-star Salman Khan enjoying a meal together while Abhishek fumes standing behind; and a crocodile chasing Abhishek as Khan tries to save him.

Khan was in a relationship with Aishwarya long before her marriage. His spokesperson did not respond to Reuters' queries.

AI CAN GENERATE BOLLYWOOD LOVE STORIESYouTube's data-sharing policy states creators can opt in to share their videos for training models of other AI platforms, like OpenAI, Meta and xAI. YouTube adds: "We can't control what a third-party company does" if users share videos for such training.

The Bachchans argue in their filings that if AI platforms are trained on biased content that portrays them in a negative manner and infringes their intellectual property rights, then AI models "are likely to learn all such untrue" information, leading to its further spread.

Eashan Ghosh, chair professor for intellectual property rights at the National Law University Delhi, said it would be difficult for actors to build a direct case against YouTube since their grievances are mostly with creators and personality rights infringement.

But "it wouldn't be beyond the pale for the court to nudge YouTube to write something into their user policies or set up a queue jump for celebrity claimants to get quicker responses to legal requests," he said.

YouTube in May disclosed that it had paid more than $2.4 billion to Indian creators in the last three years. The actors alleged that creators infringing their personality rights can make money when videos become popular.

Reuters found a channel on YouTube titled "AI Bollywood Ishq" that shares "AI-generated Bollywood love stories". Its 259 videos have garnered 16.5 million views. The most popular video with 4.1 million views shows an AI animation of Khan and Aishwarya in a pool, while another shows them on a swing.

In a tutorial, the channel explains it used simple text prompts to create an image via X's Grok AI and then turned it into a video using Chinese AI startup MiniMax's Hailuo AI. A Reuters test generated an AI video showing lookalikes of Bollywood stars Khan and Abhishek in a fistfight within five minutes.

Grok, MiniMax and the owner of YouTube channel @AIbollywoodishq did not respond to Reuters' queries. It was unclear whether the YouTube channel consented to sharing those videos for AI training.

"Content is made only for entertainment and creative storytelling," the channel's page said.

Reporting by Arpan Chaturvedi and Aditya Kalra; Editing by Jamie Freed

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

Arpan is a correspondent for Reuters based in New Delhi, where he reports from the courts in India. He joined Reuters in 2022, and has been a part of the companies coverage team reporting on court cases spanning aviation, mining, human rights and other public interest issues.

Aditya Kalra is the Company News Editor for Reuters in India, overseeing business coverage and reporting stories on some of the world's biggest companies. He joined Reuters in 2008 and has in recent years written stories on challenges and strategies of a wide array of companies -- from Amazon, Google and Walmart to Xiaomi, Starbucks and Reliance. He also extensively works on deeply-reported and investigative business stories.

  

Vancouver, BC:  September 30, 2025 – Uniserve Communications Corporation (the “Company” or “Uniserve”)(TSXV: USS)  a provider of IT solutions and services to business and residential customers in Canada wishes to announce its annual fiscal 2025 financial results.  Revenues for fiscal 2025 were $6,972K as compared to $6,439K for the prior fiscal year.  The annual fiscal 2025 Operating Loss was $1,681K compared to an Operating Loss of $239K for the prior fiscal year.  Net loss for fiscal 2025 was $1,899K as compared to Net loss of $191K for the prior fiscal year.  

About Uniserve

Uniserve delivers secure, reliable, and customized IT solutions that power your business forward. With offices in Vancouver, Calgary, and Waterloo, Uniserve provides a full suite of services across three core verticals: Data Centre Solutions, Managed IT Services, and Business Internet. Our data centre infrastructure ensures maximum uptime, security, and scalability - so when your IT runs right, your people and your business thrive.

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.

Learn more at www.uniserve.com or at www.sedarplus.ca.       

Kwin Grauer  

Chairman of the Board

Interim CEO

For more information please call 604-395-3961 or email [email protected].

Neither TSX Venture Exchange nor its Regulations Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Management has prepared this release and no regulatory authority has approved or disapproved the information contained herein. The statements contained in this news release that are not historical facts are forward looking statements. Such statements are based on management’s estimates, assumptions and projections using available information. Uniserve cautions that actual financial results could differ materially from the current expectations due to a number of factors.

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VANCOUVER, British Columbia--(BUSINESS WIRE)--Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) today announced that together with General Motors Holdings LLC (“GM”), its joint venture (the “JV”) partner in the Thacker Pass lithium project (“Thacker Pass” or the “Project”), the Company has reached a non-binding agreement in principle (the “First Draw Terms”) with the U.S. Department of Energy (the “DOE”) to advance the first draw of $435 million (the “First Draw”) on the previously announced $2.26 billion DOE loan (the “DOE Loan”).

The key provisions of the First Draw Terms include:

The DOE has agreed to defer $182 million of debt service over the first five years of the DOE Loan.

The DOE will receive:

5% equity stake in the Company through warrants to purchase common shares of the Company at an exercise price of $0.01 per share (the “LAC Warrants”) and

5% economic stake in the JV (the “JV Units”) through warrants to purchase non-voting, non-transferable equity interest of the JV with an exercise price of $0.01 per unit (the “JV Warrants”).

The Company will post an additional $120 million to DOE Loan reserve accounts, to be funded within 12 months of the DOE advancing First Draw.

GM will provide additional support to the Project by amending its lithium offtake agreement with the JV (the “Offtake Agreement”) to permit the JV to enter into additional third-party offtake agreements for certain remaining production volumes not forecasted to be purchased by GM.

Jonathan Evans, President and CEO of Lithium Americas said, “We greatly appreciate the support of the Administration, General Motors and our partners in advancing this vital world-class project. Together, we are onshoring large-scale U.S. lithium production, strengthening America’s supply chain, creating exceptional jobs and enhancing our long-term energy security and prosperity.”

Shilpan Amin, Senior Vice President Global Chief Procurement and Supply Chain Officer of General Motors said, “We’re confident in the Thacker Pass project, which will reduce U.S. dependence on imported lithium and can support domestic manufacturing across many industries, such as aerospace, defense and electrical grid resiliency, in addition to automotive. We are pleased to see it move forward and appreciate the Administration’s support as GM continues to build a secure, resilient supply chain.”

As contemplated by the First Draw Terms, in the event that the DOE exercises the JV Warrants in full, the JV economic interests will (prior to funding of the additional $120 million reserve accounts discussed above) be 59% held by Lithium Americas, which will continue to be the manager of the Project, 36% by GM and 5% by the DOE, with voting interest in the JV remaining 62% for Lithium Americas and 38% for GM. GM will have a call right to purchase, or cause the JV to purchase, the JV Warrants or, if the JV Warrants have been exercised by the DOE, the DOE’s JV Units (the “Call Right”) following Thacker Pass achieving substantial completion if a price can be agreed upon between GM and the DOE at the time of the Call Right. If GM and the DOE cannot agree on the price to exercise the Call Right, the JV Warrants or the DOE’s JV Units, as applicable, will be exchanged for common equity in the Company pursuant to a conversion ratio agreed upon by the DOE, GM and the Company, (the “LAC Warrant Conversion Rate”). The DOE will have a put right to cause GM to elect to either (i) purchase, or cause the JV to purchase, the DOE’s JV Warrants or DOE’s JV Units, as applicable at fair market value or (ii) cause the DOE’s JV Warrants or DOE’s JV Units, as applicable, to convert to shares of common equity in the Company at the then applicable LAC Warrant Conversion Rate. The DOE will also be granted the right to have an appointed representative as an observer at the JV Board meetings for so long as the DOE holds JV Warrants, or JV Units.

The expected total DOE Loan amount decreased to $2.23 billion. The DOE Loan principal of $1.97 billion remains the same, while the estimated capitalized interest during construction decreased to $256 million, due to a lower projected interest rate of 5.0%. The interest rate that will be applied to amounts drawn under the DOE Loan remains unchanged at the applicable long-dated U.S. Treasury rate from the date of each draw with 0% spread. The DOE Loan tenor remains approximately 24 years from date of First Draw. The First Draw of $435 million is expected in Q4 2025.

GM’s existing Offtake Agreement allows GM to purchase up to 100% of production volumes from Phase 1 and up to 38% of total production volumes of Thacker Pass for 20 years. GM retains the right of first offer on remaining Phase 2 production volumes and, following expiration of its offtake agreements, life of mine offtake rights, at market price, for a percentage of all volumes from Phase 1 and Phase 2 of the Project. The Offtake Agreement will be updated to allow the JV to enter into firm volume commitments with third parties for certain remaining Phase 1 production volumes not forecasted to be purchased by GM.

The First Draw Terms are preliminary in nature and are subject to, among other risks, the factors discussed below under “Forward-Looking Statements.” In each case, the First Draw Terms remain subject to negotiation and completion of definitive agreements, corporate approvals and other customary conditions. There can be no assurances that definitive documentation memorializing the First Draw Terms will be completed on the terms currently contemplated or at all.

The Company intends to rely upon the exemption set forth in Section 602.1 of the TSX Company Manual, which provides that the TSX will not apply its standards to certain transactions involving eligible interlisted issuers on a recognized exchange.

TRANSACTION ADVISORS

Goldman Sachs & Co. LLC is serving as financial advisor, while Vinson & Elkins LLP is serving as U.S. legal counsel and Cassels, Brock & Blackwell LLP as Canadian legal counsel to Lithium Americas.

ABOUT LITHIUM AMERICAS

Lithium Americas is developing Thacker Pass located in Humboldt County in northern Nevada, which hosts the largest known measured lithium resource (Measured and Indicated) and reserve (Proven and Probable) in the world. Thacker Pass is owned by a joint venture between Lithium Americas (holding a 62% interest and is the manager of the Project), and GM (holding a 38% interest). The Company is focused on advancing Phase 1 of Thacker Pass toward production, targeting nominal design capacity of 40,000 tonnes per year of battery-quality lithium carbonate. The Company and its engineering, procurement and construction management contractor, Bechtel, entered into a National Construction Agreement (Project Labor Agreement) with North America’s Building Trades Unions for construction of Thacker Pass. Construction is expected to create nearly 2,000 direct jobs, including 1,800 skilled contractors. Lithium Americas’ shares are listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol LAC. To learn more, visit www.lithiumamericas.com or follow @LithiumAmericas on social media.

FORWARD-LOOKING STATEMENTS

This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation (collectively referred to as “forward-looking statements” (“FLS”)). All statements, other than statements of historical fact, are FLS and can be identified by the use of statements that include, but are not limited to, words, such as “anticipate,” “plan,” “continue,” “estimate,” “expect,” “may,” “will,” “project,” “predict,” “proposes,” “potential,” “target,” “implement,” “schedule,” “forecast,” “intend,” “would,” “could,” “might,” “should,” “believe” and similar terminology, or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved. FLS in this news release includes, but is not limited to, statements related to the DOE Loan and the First Draw Terms, including statements regarding definitive documentation memorializing the First Draw Terms, draw-down conditions on the DOE Loan, the expected timing for First Draw on the DOE Loan, if at all, and the outlook with respect to negotiations relating to the DOE Loan and the consequences related thereto; as well as other statements with respect to management’s beliefs, plans, estimates and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts.

FLS involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. FLS reflects the Company’s current views about future events that, while considered reasonable by the Company as of the date of this news release, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Although the Company believes that the assumptions and expectations reflected in such FLS are reasonable, the Company can give no assurance that these assumptions and expectations will prove to be correct.

Readers are cautioned that the foregoing lists of factors are not exhaustive. There can be no assurance that FLS will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. As such, readers are cautioned not to place undue reliance on this information, and that this information may not be appropriate for any other purpose, including investment purposes. The Company’s actual results could differ materially from those anticipated in any FLS as a result of the risk factors set out herein, and in the Company’s other continuous disclosure documents available on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. Readers are further cautioned to review the full description of risks, uncertainties and management’s assumptions in the aforementioned documents and other disclosure documents available on SEDAR+ and on EDGAR.

The FLS contained in this news release is expressly qualified by these cautionary statements. All FLS in this news release speaks as of the date of this news release. The Company does not undertake any obligation to update or revise any FLS, whether as a result of new information, future events or otherwise, except as required by law.

More News From Lithium Americas Corp.

October 01, 2025 12:01 AM EDT | Source: Predictmedix AI Inc.
Adaptive "digital brain" designed to cut risk, cost and timelines in the $70-billion clinical-trials market1

Toronto, Ontario--(Newsfile Corp. - October 1, 2025) - Predictmedix AI Inc. (CSE: PMED) (OTC Pink: PMEDF) (FSE: 3QP0) ("Predictmedix" or the "Company"), an emerging leader in AI-powered health and safety technology, announced the launch of its Clinical-Trial AI Platform, an AI-driven solution intended to help pharmaceutical sponsors and contract research organizations (CROs) model, plan, and adapt clinical trials more efficiently.

A Digital Brain for Clinical Trials

Built on patented technology and the high-fidelity dataset generated by SmartHealth AI Stations, the platform is designed to function as a real-time digital support system for trial planning. It ingests and harmonizes diverse datasets—patients, protocols, sites, historical outcomes, and costs—and can update analyses as new data becomes available.

Key Features

Adaptive Simulation Engine — Runs "what-if" scenarios and refreshes projections as enrollment and site-performance information is received.Patient-Site Optimization — Uses AI to recommend patient-site matching that may improve recruitment and reduce dropouts.Cost & ROI Modeling — Proprietary algorithms estimate potential budget impact alongside predicted clinical outcomes.Interactive Dashboards — Executive and audit views visualize risk, cost, and patient flow with dynamic heatmaps and Sankey plots.Compliance-Integrated AI — Tracks data inputs and simulations to support audit and regulatory processes.Market Context

Industry analysts estimate the global clinical-trials market could exceed $70 billion by 20271, creating demand for tools that help sponsors reduce trial failures, improve patient recruitment, and manage costs. Predictmedix's platform is intended to address these needs with scalable, real-time analytics.

"Clinical development urgently needs smarter tools," said Dr. Rahul Kushwah, COO of Predictmedix. "Our platform is designed to highlight potential clinical trial challenges early, enabling sponsors to make informed adjustments that can help save time and resources and, ultimately, support faster delivery of new therapies."

Distinctive Capabilities

The platform is built around real-time adaptive AI, with automation applied across data ingestion, simulation, and outcome modeling.

Continuous Intelligence: Projections adjust as enrollment numbers, site performance, or protocol variables change.End-to-End Automation: From raw data to executive dashboards, workflows are automated to reduce manual reconciliation.Multi-Trial Orchestration: A single environment can simulate multiple protocols and allocate resources across a development portfolio.Cost-Outcome Integration: Financial modeling is embedded directly into clinical predictions for unified decision support.Validated Data Streams: The system draws on more than 500,000 SmartHealth scans, which internal and third-party assessments have measured at approximately 95 % accuracy for vital-sign detection; actual results may vary.Predictmedix is preparing to provide private demonstrations and explore paid pilot programs with pharmaceutical sponsors and CROs as opportunities emerge.

1https://www.grandviewresearch.com/industry-analysis/global-clinical-trials-market

Detailed analysis of the company's direct comparables that are trading on CSE and/or TSXV can be found here : https://predictmedix.com/wp-content/uploads/2025/09/PMED.COMPARATIVEANALYSIS_SEP2025.pdf. Details of the company's recent product validations, pilot programs, and strategic partnerships can be found in earlier press releases available at: https://predictmedix.com/press-releases/.

About Predictmedix AI Inc.

Predictmedix AI Inc. (CSE: PMED) (OTC Pink: PMEDF) (FSE: 3QP0) is an emerging provider of rapid health screening and remote patient care solutions globally. The Company’s Smarthealth AI stations – powered by a proprietary artificial intelligence (AI) – use multispectral cameras to analyze physiological data patterns and predict a variety of health issues including 19 physiological vital parameters, impairment by drugs or alcohol, fatigue, or various mental illnesses. Predictmedix AI’s proprietary remote patient care platform empowers medical professionals with a suite of AI-powered tools to improve patient health outcomes. To learn more, please visit our website at www.Predictmedix.com or follow us on Twitter, Instagram or LinkedIn.

Caution Regarding Forward-Looking Information:

This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results of the Company. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances. The Company's securities have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. Persons", as such term is defined in Regulations under the U.S. Securities Act, absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful. Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any Page 4 of 4 future results, performance or achievements expressed or implied by the forward-looking information contained herein, such as, but not limited to dependence on obtaining regulatory approvals; the ability to obtain intellectual property rights related to its technology; limited operating history; general business, economic, competitive, political, regulatory and social uncertainties, and in particular, uncertainties related to COVID-19; risks related to factors beyond the control of the Company, including risks related to COVID-19; risks related to the Company's shares, including price volatility due to events that may or may not be within such party's control; reliance on management; and the emergency of additional competitors in the industry.

All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except required by law.

Disclaimer: The Company is not making any express or implied claims that its product has the ability to diagnose, eliminate, cure or contain the COVID-19 (or SARS-2 Coronavirus) at this time.

THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED NOR DOES IT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268289

October 01, 2025 00:01 ET

 | Source:

Geotab Inc.

SYDNEY, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Geotab, a global leader in connected vehicle solutions, today announced it has acquired the commercial operations of Verizon Connect’s telematics business in Australia, the United Kingdom, Ireland, Italy, France, Portugal, Poland, the Netherlands, and Germany. This strategic acquisition, which does not include Verizon’s Connect’s product, engineering, and other non-sales focused teams, significantly expands Geotab's global footprint and strengthens its market share, particularly within the crucial small to mid-sized fleet segment across key international markets.

The integration of Verizon Connect’s Australia and European commercial operations and expertise further enhances Geotab's commitment to delivering unparalleled value and comprehensive data insights to customers worldwide. The move expands Geotab's reach and tailored solutions for fleet businesses ensuring they have access to industry-leading telematics technology, AI and data insights, and local in-market support.

Geotab is pleased to welcome over 400 talented Verizon Connect employees from across Australia and Europe as part of the acquisition. Their expertise and dedication will be instrumental in accelerating Geotab's commitment to innovation and delivering robust, localised solutions for customers. The integration will be led by Matthew Kassel, Senior Vice-President, Strategic Acquisitions and Integration.

"This acquisition marks a pivotal moment for Geotab and the connected vehicle industry," said Neil Cawse, Founder, President and CEO of Geotab. "By welcoming Verizon Connect employees in Australia and Europe into the Geotab family, we are expanding our global reach and reinforcing the company’s commitment to serving the diverse needs of fleets of all sizes. We are excited about the exceptional opportunities this presents for customers, especially those with small to mid-sized fleets, to unlock greater efficiency, safety, and sustainability."

The integration of Verizon Connect’s commercial operations in Australia and Europe into Geotab is effective immediately. Customers of Verizon Connect in Australia and Europe can expect a seamless transition and continued access to high-quality telematics solutions, now backed by Geotab's extensive global infrastructure and innovation capabilities.

About Geotab

Geotab is a global leader in connected vehicle and asset management solutions, with headquarters in Oakville, Ontario and Atlanta, Georgia. Our mission is to make the world safer, more efficient, and sustainable. We leverage advanced data analytics and AI to transform fleet performance and operations, reducing cost and driving efficiency. Backed by top data scientists and engineers, we serve over 55,000 global customers, processing 100 billion data points daily from more than 5 million vehicle subscriptions. Geotab is trusted by Fortune 500 organizations, mid-sized fleets, and the largest public sector fleets in the world, including the US Federal government. Committed to data security and privacy, we hold FIPS 140-3 and FedRAMP authorizations. Our open platform, ecosystem of outstanding partners, and Geotab Marketplace deliver hundreds of fleet-ready third-party solutions. This year, we're celebrating 25 years of innovation. Learn more at www.geotab.com and follow us on LinkedIn or visit Geotab News and Views.

GEOTAB and GEOTAB MARKETPLACE are registered trademarks of Geotab Inc. in Canada, the United States and/or other countries.

Geotab Media Contact:

Nicole Riddle

Manager, Strategic Communications

[email protected]

Global private-equity giant KKR has expanded its partnership with the Abu Dhabi National Oil Company, acquiring a minority stake in ADNOC Gas Pipeline Assets.

That ADNOC subsidiary operates 38 gas pipelines and two export terminals in the United Arab Emirates. KKR did not disclose the value of the deal to CNBC.

The partnership follows ADNOC's 2019 oil pipelines deal with KKR and BlackRock, which opened the door to foreign direct investment across the region.

"This investment reflects KKR's commitment to expand partnerships and investment across the Middle East," said David Petraeus, partner at KKR and chairman of the KKR Global Institute and KKR Middle East. "The region's strong fundamentals, bold vision, and focused leadership offer increasingly attractive opportunities for global investors."

Earlier this year, the firm appointed former CIA Director Petraeus, who joined KKR in 2013, as chair of its Middle East operations and launched a dedicated investment team led by Julian Barratt-Due.

The transaction marks another milestone in KKR's expansion in the region. It acquired a stake in Dubai-based Gulf Data Hub, with a combined commitment from the two firms of more than $5 billion to fund the expansion of GDH's data center network. 

The ADNOC gas pipeline network, which links the company's upstream assets to domestic off-takers across the UAE, remains fully owned and operated by ADNOC. KKR has taken a minority stake, so ADNOC will retain control. KKR's stake — acquired through its managed accounts — is structured to yield long-term revenue, the company said.

The move expands KKR's over 16-year presence in the Middle East, with offices in the UAE and Saudi Arabia. The firm now manages more than $90 billion in infrastructure assets globally since launching its infrastructure strategy in 2008, according to information on its website.

SummaryCompaniesMove reflects doubts about whether equities bull run will continueNomura has appointed new head of US rates, co-head of FX and emerging markets businessExpects advisory business to have a better second halfTOKYO, Oct 1 (Reuters) - Japan's Nomura Holdings

(8604.T), opens new tab plans to beef up its interest rate and currency trading operations globally, believing increased market volatility will lift demand, a senior executive said.

The push reflects growing doubts around the longevity of the current equities bull run. When markets become more volatile, interest rate and foreign exchange products typically perform better, as clients hedge risk and rebalance their positions, generating higher trading flows.

Sign up here.

"Global equity markets are at all-time highs. U.S. markets - and within U.S. markets, a narrow set of stocks - have dominated as drivers of value," Christopher Willcox, the head of the firm's wholesale division, told Reuters in an interview.

"You would be wise to assume that can't go on forever and that at some point, there's an adjustment," he said.

Nomura declined to provide details on how much hiring would take place or current staff numbers for those operations.

NEW HIRESBut he noted that the group appointed a new head of U.S. rates in August - Moritz Westhoff, formerly of Bank of America - and a new co-head of its FX and emerging markets business, David Leigh, who joined from Deutsche Bank last November.

More personnel and capital will be directed to those teams, said Willcox, a former JP Morgan Asset Management CEO who joined Nomura in 2021 and became head of wholesale a year later.

Nomura's interest rate and exchange rate operations form the bulk of its macro products business, which has made up around 30% of the wholesale division's revenue in recent years. In the past business year, the division's revenue topped 1 trillion yen ($6.8 billion).

The push also reflects Nomura's efforts to build more diverse sources of income, given that its wholesale unit's performance has seen wild swings along with market conditions in the past.

"We view the macro business as counter-cyclical. In the global financial crisis, it was everyone's rates business that made all the money at the time when their securitised products businesses were shut down," Willcox said.

The securitisation of mortgage debt into financial instruments was among the core causes of the 2007-2009 global financial crisis.

Willcox also said Nomura's advisory business is likely to perform better in the second half of the year compared to the first half, as the public listing market in the U.S. has picked up and there is pent-up M&A demand in Japan.

Deals and capital raisings had been held back by uncertainty caused by U.S. President Donald Trump's sweeping tariffs, though this has eased somewhat with the signing of some trade agreements between the U.S. and other countries.

The wholesale division does not have planned any major acquisitions along the lines of Nomura's $1.8 billion purchase of Macquarie's U.S. and European public asset management businesses. But it is looking to diversify its business lines in areas where Nomura has existing expertise to make money regardless of market ups and downs.

Earlier in September, it launched a U.S. commercial real estate platform with a team hired from Barclays, which Willcox expects will contribute hundreds of millions of dollars to the top line over the next few years.

"We're asking where logically we can extend pre-existing expertise into new zones," Willcox said.

"And there's lots of them, it's not like we're running out of things to do."

($1 = 147.9700 yen)

Reporting by Anton Bridge and Miho Uranaka; Editing by Edwina Gibbs

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

Cullen Dumps 6.6M KVUE Shares Worth $149.5 MillionCullen Capital Management, LLC disclosed the sale of 6,565,339 shares of Kenvue (KVUE -0.77%) for the period ended Q2 2025. The transaction was valued at an estimated $149.46 million.

What happenedCullen Capital Management, LLC reported in a September 30, 2025SEC filingthat it reduced its position in Kenvue by 6,565,339 shares during Q2 2025. The estimated value of the shares sold was $149.46 million, based on the average closing price for the quarter. After the trade, Cullen retained 2,484,940 shares valued at $52.01 million as of Q2 2025.

What else to knowThe fund trimmed its Kenvue stake, which now represents 0.6% of 13F assets under management as of June 30, 2025.

Top holdings after the filing:

JPM: $303.61 million (3.5% of AUM) as of Q2 2025.CSCO: $279,989,672 (3.1889% of AUM) as of June 30, 2025.BAC: $260,614,250 (2.9682% of AUM) as of June 30, 2025.NVS: $253.74 million (2.9% of AUM) as of 2025-06-30.DUK: $241,854,363 (2.7545% of AUM) as of June 30, 2025.As of September 29, 2025, shares were priced at $16.34, down 29.4% over the past year, lagging the S&P 500 by 42.63 percentage points

Company OverviewMetricValueRevenue (TTM)$15.14 billionNet Income (TTM)$1.42 billionDividend Yield5.07%Price (as of market close 9/29/25)$16.34Company SnapshotKenvue Inc. generates revenue through a diversified portfolio of consumer health products, including over-the-counter medicines, skin and beauty care, and essential health items under brands such as Tylenol, Neutrogena, and Listerine.

The company operates worldwide through three segments: Self Care, Skin Health and Beauty, and Essential Health.

Kenvue Inc. offers healthcare, personal care, and wellness products globally.

Kenvue Inc. is a global consumer health company with a broad portfolio of well-established brands and a strong presence in the over-the-counter and personal care markets. Its strategic focus on essential health and self-care positions it competitively within the consumer defensive sector.

Foolish takeCullen Capital reduced Kenvue’s stake to 0.6% of assets under management after selling 6.6 million shares. This is notable because KVUE stock has fallen nearly 30% over the past year, and has badly lagged the S&P 500 by about 43 percentage points.

Institutions trim for many reasons, from portfolio rebalancing to risk control. Still, the consumer health sector is typically defensive, and KVUE’s underperformance shows that not all staples are immune to market headwinds. Kenvue continues to generate $1.4 billion in profit and offers a 5.07% dividend yield, underscoring its appeal to income-focused investors.

Looking ahead, the key question lies in whether this weakness reflects turbulence or a deeper challenge to Kenvue’s growth and margin profile. Investors should monitor whether Kenvue can deliver stabilized earnings and sustain its dividend. If not, more institutions may follow Cullen’s lead.

Glossary13F assets under management (AUM):The total value of securities reported by institutional investment managers in quarterly SEC Form 13F filings.
Dividend yield:The annual dividend payment divided by the stock's current price, expressed as a percentage.
Quarter (Q2 2025):The second three-month period of a company's fiscal year, here referring to April–June 2025.
Top holdings:The largest investments in a fund's portfolio, typically by market value or percentage of assets.
Consumer defensive sector:Industry group including companies providing essential goods, like food, beverages, and household products, less sensitive to economic cycles.
Over-the-counter medicines:Drugs available without a prescription, used to treat common health issues.
Portfolio:A collection of investments held by an individual or institution.
Lagging the S&P 500:Underperforming the S&P 500 index, meaning a lower return compared to this benchmark.
TTM:The 12-month period ending with the most recent quarterly report.

Bank of America is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Eric Trie has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cisco Systems, JPMorgan Chase, and Kenvue. The Motley Fool recommends Duke Energy and recommends the following options: long January 2026 $13 calls on Kenvue. The Motley Fool has a disclosure policy.

October 01, 2025 00:34 ET

 | Source:

Norwegian Cruise Line

New York, United States, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Editor-in-Chief of Cruise Critic, Colleen McDaniel, Shares the Benefits of Off-Season Cruises to the Mexican Riviera, Bahamas and Caribbean

With fall officially underway and temperatures dropping nationwide, travelers are already thinking about escaping to sunny destinations for a last-minute vacation. Recently, Cruise Critic Editor-in-Chief of Colleen McDaniel teamed up with

Norwegian Cruise Line to discuss the benefits of off-season cruising to the Mexican Riviera, Bahamas and Caribbean; what’s new in the industry and why vacations at sea are the perfect getaway for families and travelers alike.
A video accompanying this announcement is available at:

Travel Expert Colleen McDaniel and Norwegian Cruise Line Discuss Off-Season Cruising Destinations
Off-season cruises during the cooler months offer smaller crowds, better deals and the chance to visit warm-weather destinations without the summer rush. Travelers can enjoy a more relaxed pace at popular ports, making it easier to book shore excursions, dine at top restaurants and explore destinations with ease all at a greater value.
With 18 ships sailing to the Mexican Riviera, Bahamas and Caribbean from 11 convenient homeports, including Los Angeles and San Diego, Calif.; Miami, Tampa, Port Canaveral and Jacksonville, Fla.; Galveston, Texas; New Orleans; New York City and more, Norwegian Cruise Line gives travelers the freedom and flexibility to design their dream cruise vacation with a variety of warm-weather adventures.Whether travelers are interested in a quick three-day Bahamas getaway , or a week-long Mexican Riviera cruise enjoying margaritas in ports like Puerto Vallarta and Cabo San Lucas, there is something for every type of traveler. NCL also offers a variety of seven-day voyages to the Caribbean, where guests can island hop from one pristine beach to the next. Plus, many of Norwegian’s Bahamas and Caribbean sailings visit the Company’s top guest-rated private island, Great Stirrup Cay, which will debut new enhancements later this year including a new pier and a 1.4 acre pool area complete with swim-up bars and a splash pad for families with young children.
With cruise fares starting from $249 per person, guests can maximize their vacation with NCL’s More At Sea package, which includes over $2,000 in value with perks like unlimited open bar, specialty dining, Wi-Fi and shore excursion credits.
To start planning your next trip, visit NCL.com

About Colleen McDaniel
Colleen McDaniel is Editor-in-Chief of Cruise Critic, the world’s largest online cruise resource. She considers cruising to be a true passion, having traveled the world by water – from Alaska, the Caribbean and Hawaii, to Europe’s rivers, Antarctica and Africa – on ships of all shapes and sizes. She’s regularly quoted as a cruise expert in media outlets across the country, including outlets like The Associated Press, Good Morning America, CNN, FOX Business, CNBC, The New York Times, Travel + Leisure and Skift. Cruise Critic is the world’s largest cruise reviews and information site, offering a comprehensive resource for cruise travelers — from first-time cruisers to avid cruise enthusiasts. The site features more than 50M+ opinions, reviews & photos and hosts the world’s largest online cruise community. Cruise Critic is a subsidiary of Tripadvisor, Inc.

About Norwegian Cruise Line
As the innovator in global cruise travel, Norwegian Cruise Line has been breaking the boundaries of traditional cruising for 58 years. Most notably, the cruise line revolutionized the industry by offering guests the opportunity to design their ideal vacation on their preferred schedule with no assigned dining and entertainment times and no formal dress codes. Today, the company invites guests to ‘Experience More at Sea’ by providing them with more to see, more to do, more to enjoy, and more value on their vacation. To further deliver guests with more value, NCL’s ‘More At Sea’ package provides added benefits and inclusions such as unlimited open bar; specialty dining credits; high-speed Wi-Fi; shore excursions credits; as well as free airfare and third and fourth guests sail free on select sailings. Its fleet of 20 contemporary ships sail to nearly 350 of the world’s most desirable destinations, including Great Stirrup Cay, the company’s private island in the Bahamas and its resort destination Harvest Caye in Belize. Norwegian Cruise Line not only provides superior guest service from land to sea but also offers a wide variety of award-winning entertainment and dining options as well as a range of accommodations across the fleet, including solo-traveler staterooms, club balcony suites and The Haven by Norwegian, the company’s ship-within-a-ship concept.

For additional information or to book a cruise, contact a travel professional, call 888-NCL-CRUISE (625-2784) or visit www.ncl.com.

For the latest news and exclusive content, visit the NCL Newsroom and follow Norwegian Cruise Line on Facebook, Instagram, Tik Tok and YouTube @NorwegianCruiseLine; and Twitter @CruiseNorwegian.

Norwegian Cruise Line

Norwegian Cruise Line
Norwegian Cruise Line

Contact Data

Director of Media Planning
Dante Muccigrosso
DS Simon Media
[email protected]

BOSTON, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a global leader in threat detection and exposure management, today announced the launch of its new local entity and local instance of its platform in the United Arab Emirates (UAE), marking a significant strategic investment in the region. This expansion reinforces Rapid7’s long-term commitment to the UAE’s government, businesses, and partner ecosystem to support the nation’s digital transformation and cyber resilience goals.

Rapid7 has already delivered on its promise to invest in the region and build trusted, locally-aligned capabilities. The company recently achieved DESC certification, meeting the rigorous security standards to support government entities and other regulated industries with digital transformation projects. In addition, Rapid7 has opened an office in Dubai, acknowledging that the UAE cybersecurity market is projected to reach $4.51 billion by the end of 2025 and that cybersecurity is a national priority for the UAE government. Rapid7 aims to provide localized support for organizations that are focused on developing security programs to protect critical digital infrastructure in the region.

"Dubai is a hub for innovation, thanks to its strategic investments in digital infrastructure, supportive government policies, and a comprehensive ecosystem of tech hubs. Cybersecurity is a vital component in enabling those initiatives," said Corey Thomas, CEO of Rapid7. "Establishing a UAE entity and data sovereignty demonstrates Rapid7's commitment to the region's cyber vision. Our investment in dedicated cloud infrastructure enables organizations in the UAE and the Gulf to access our world-class cybersecurity platform. We look forward to building partnerships with local businesses and governments to better protect the UAE's digital future."

Trusted partnership, local commitment
Data sovereignty is both a strategic imperative and a regulatory expectation with the UAE. Rapid7 is proud to have already achieved certification from the Dubai Electronic Security Center (DESC). DESC provides a critical framework for managing cyber risks and ensuring that government entities and organizations operating in the UAE uphold the highest standards of cybersecurity.

Rapid7's compliance with this framework, and the operation of a local instance, demonstrates a firm commitment to supporting the UAE's national cybersecurity priorities. This enables Rapid7 customers to meet regulatory requirements with confidence while keeping their data securely within national borders.

"Data sovereignty is a critical national issue. Rapid7's establishment of a local presence in the UAE shows its commitment to regional priorities and support for local data policies. It sends a clear message that Rapid7 is dedicated to enabling secure digital growth on local terms,” said Nasar Saddiq, Regional Manager, Middle East and Africa at Rapid7. "For Rapid7, it’s not just setting up an office, we're continuing our foundation of trust, partnership, and shared success."

Excellence in exposure management
As part of this launch, Rapid7 will deliver

Exposure Command, an attack surface visibility solution, helping organizations across the UAE manage vulnerabilities, applications, and cloud security. Rapid7 has received several recognitions for this offering, including the recent placement of

Leader in the IDC MarketScape: Worldwide Exposure Management 2025 Vendor Assessment and Strong Performer in the 2025 Forrester Wave™ for Unified Vulnerability Management (UVM). These recognitions demonstrate Rapid7's ability to provide organizations with visibility, prioritization, remediation, and response to ensure a robust security posture.

"Our platform provides clarity, speed, and insight in the moments that matter most," said David Howorth, EMEA General Manager at Rapid7. "As the UAE's digital economy grows, so too must the security programs that support it. We are committed to helping companies of all sizes navigate this new era securely and confidently."

Rapid7's "Secure the Attack Surface" approach is uniquely suited to support the UAE's transformation by offering:

Context-driven visibility across complex digital environmentsCost-effective risk reduction through automation and managed servicesScalable, localized support aligned with regional compliance standardsProactive threat prevention backed by global threat intelligence Rapid7 at GITEX 2025
GITEX Global 2025 is the premier exhibition showcasing tech innovation within the UAE. Corey Thomas will attend and present at GITEX in the Dubai World Trade Center on October 15 in the Cybersecurity theatre discussing ‘Cybersecurity, AI, and the Business of Trust.’ Visit Rapid7 at Stand No- H23-11, Hall 23.

To learn more about how Rapid7’s Exposure Command offering anticipates threats, prioritizes remediation, and enforces compliance, visit: https://www.rapid7.com/products/command/exposure-management/

About Rapid7
Rapid7, Inc. (NASDAQ: RPD) is on a mission to create a safer digital world by making cybersecurity simpler and more accessible. We empower security professionals to manage a modern attack surface through our best-in-class technology, leading-edge research, and broad, strategic expertise. Rapid7’s comprehensive security solutions help more than 11,000 global customers unite cloud risk management with threat detection and response to reduce attack surfaces and eliminate threats with speed and precision. For more information, visit our website, check out our blog, or follow us on LinkedIn or X.

Rapid7 Media Relations
Alice Randall
Director, Global Corporate Communications
[email protected]
(857) 216-7804

Rapid7 Investor Contact
Ryan Gardella / Ryan Flanagan
ICR, Inc
[email protected]
(617) 865-4277

SummaryCompaniesEk's legacy includes reshaping music industry with streaming modelCriticism over Ek's investment in AI-controlled combat dronesEk to remain involved in Spotify as executive chairSTOCKHOLM, Oct 1 (Reuters) - When Daniel Ek founded Spotify

(SPOT.N), opens new tab in 2006, a viable music product was a "moon shot." The global music industry was struggling with years of declining sales, online music piracy was rampant, and services like Apple's

(AAPL.O), opens new tab iTunes were pricey.

Ek believed if access to music was as easy as turning on a tap - in a way that was legal and fair to artists - users would come. The key was streaming, not downloads, an idea that revolutionized the industry and catapulted Spotify into a $140 billion music powerhouse.

Sign up here.

The serial entrepreneur, who announced on Tuesday he will step down as Spotify's CEO next year, has his sights set on building the next Spotify — albeit not in the music industry. Ek wants to focus on technology that drives "progress in areas that matter most to society."

"I am often asked, 'How do we build more Spotifys out of Europe?'" Ek said in a note to Spotify employees on Tuesday. "That’s why several years ago, I announced my intention to help create more of these supercompanies - companies that are developing new technologies to tackle some of the biggest challenges of our time."

Ek has pledged to invest through his venture capital firm Prima Materia 1 billion euros ($1.18 billion) of his own wealth in European “moonshot” projects — early-stage startups in deep technology, AI, and climate and health tech.

The billionaire's

motto is to, opens new tab not just invest, but to build businesses for the long term, driven by his belief that global champions can be built in Europe.

"I’ll share more about how I’ll put some of my builder energy there," Ek said in the letter, referring to his outside engagements. "But today is about Spotify."

WAR TECH SPARK ARTIST BACKLASHIn 2018, Ek co-founded Neko Health to help people stay healthy through preventive measures and early detection. The company has raised $325 million in total funding.

Ek has also invested in Germany's Helsing, a maker of AI-controlled combat drones that has received over a billion dollars to become the largest defence startup in Europe, valued at $12 billion. This investment, though, has drawn criticism.

Music groups including Massive Attack, King Gizzard & the Lizard Wizard, and Hotline TNT removed their music from Spotify in protest.

"Music and weapons are not a good mix," said Simon Dyson, analyst at Omdia. With some high-profile artists pulling their music from the service, "the sounds of protest are starting to become a distraction," he said.

The company did not immediately respond to an email seeking comment.

Ek has weathered criticism before, from artist pay disputes to controversies around Spotify’s podcast investments. Supporters credit him with creating a legal model that drew listeners away from piracy, but critics note Spotify's outsized influence on artists, which has often translated to inequity for independent labels.

FROM CODER TO MUSIC INDUSTRY DISRUPTORAs a 23-year-old coder, Ek started Spotify to challenge online music piracy with a legal alternative, something even big music companies were struggling to address.

When he steps down from the CEO role next year to become executive chair, he will pass the reins of a music giant to his two long-trusted aides, Gustav Soderstrom and Alex Norstrom.

Ek, now 42, grew up in a Stockholm suburb and worked in several startups before teaming up with co-founder Martin Lorentzon to start Spotify.

His proposition - music funded by subscriptions and ads - helped redirect fans from piracy and pulled labels, artists and advertisers into a single marketplace.

Under Ek, Spotify pushed three big levers that reshaped the business: price-disciplined subscriptions, algorithmic playlists that could mint hits overnight, and an ever-widening content range, from podcasts to audiobooks.

Ek’s legacy is visible in Spotify user habits - a monthly fee that millions treat as a utility, playlists that serve as cultural gatekeepers, and podcasts that have become a daily routine.

A Netflix miniseries, "The Playlist", showcased the birth and rise of Spotify in 2022.

Although Ek plans to focus on building other companies, he intends to stay involved in Spotify.

"I will be more involved than a typical U.S. chairman, so think of it a little bit like moving from a player to a coach," Ek told journalists on Tuesday.

($1 = 0.8511 euros)

Reporting by Supantha Mukherjee in Stockholm; Editing by Sayantani Ghosh and Lisa Shumaker

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

Supantha leads the European Technology and Telecoms coverage, with a special focus on emerging technologies such as AI and 5G. He has been a journalist for about 18 years. He joined Reuters in 2006 and has covered a variety of beats ranging from financial sector to technology. He is based in Stockholm, Sweden. 

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

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

While Ripple was in the spotlight this week, investors remain focused on crypto-spot ETF developments, crucial for XRP’s price outlook.

ETF Momentum Builds: XRP-Spot Listings Near the Finish Line
21Shares, Bitwise, Canary Capital, Grayscale, and WisdomTree filed notices with the SEC on Tuesday, September 30, withdrawing their 19b-4 applications for XRP-spot ETFs. The ETF issuers filed the notices in response to the SEC’s request for the withdrawal of all 19b-4s for ADA, DOGE, LTC, SOL, and XRP-spot ETFs.

Crypto commentator Kenny Nguyen shared the news, commenting:

“This is to speed up the SEC approval process under the new generic listing standards.”

Crucially, the withdrawal notices were positive steps toward the launch of crypto-spot ETFs, bringing altcoins to institutional investors.

Legal Clarity: XRP Cemented as a Non-Security
There should be no confusion about the withdrawals, given that the SEC recently approved the Generic Listing Standards (GLS) for Commodity-based shares. The GLS enables the listing and trading of crypto-spot ETFs that meet the requirements of the GLS framework. The framework removes the need for 19b-4 filings and the SEC’s review process.

Nevertheless, traders will be watching the ETF space closely this week. Canary Capital’s Litecoin-spot ETF has a final decision deadline of October 2. Given that Canary Capital has filed the notice to withdraw its 19b-4s, the listing of its LTC-spot ETF would signal the imminent launch of the XRP-spot ETFs.

Rulings in the SEC vs. Ripple case resolved any uncertainty about XRP’s classification as a non-security. On August 22, the US Court of Appeals approved the SEC and Ripple’s Joint Stipulation of Dismissal, concluding the Ripple case. Crucially, the SEC withdrew its appeal against the Programmatic Sales of XRP ruling, cementing XRP’s status as a non-security.

In 2023, Judge Analisa Torres ruled that programmatic sales of XRP did not satisfy the third prong of the Howey Test. The ruling means that an XRP-spot ETF would fall under the SEC’s framework for Commodity-Based shares.

ETF Launch Timeline: Key Dates Traders Must Watch
This week’s notices to the SEC mean that XRP-spot ETFs could potentially launch as early as Friday, October 3. The final decision deadlines for the XRP-spot ETFs are as follows:

Grayscale: October 18.
21Shares: October 19.
Bitwise: October 20.
Canary Capital: October 24.
CoinShares: October 25.
WisdomTree: October 25.
Franklin Templeton: November 14.

However, given the withdrawal of the 19b-4s, the ETF issuers could launch their crypto-spot ETFs simultaneously, irrespective of the final decision deadlines.

Price Action & Technical Analysis: Can Bulls Reclaim the $3 Mark?
XRP fell 1.26% on Tuesday, September 30, reversing the previous day’s 0.47% gain to close at $2.8463. The token snapped a four-day winning streak and underperformed the broader market (-0.62%). Notably, the pullback left XRP well below the psychological $3 level.

Traders are watching the following technical levels:

Support: $2.8, followed by $2.5.
Resistance: $3, $3.2, and the all-time high at $3.66.

In the near term, several key scenarios could influence price trends:

XRP ETF flows.
Spot ETF headlines: Listing and launches or delays of crypto-spot ETFs, and BlackRock’s stance on an XRP-spot ETF.
Blue-chip companies’ demand for XRP as a treasury reserve asset.
Regulatory milestones: Ripple’s application for a US-chartered bank license, the Market Structure Bill, and SWIFT-related developments may also influence sentiment.

Catalysts & Scenarios
The combination of ETF flows, regulatory developments, and demand from blue-chip companies could dictate whether XRP breaches support levels or breaks above resistance.

Bearish Scenario

GDLC, BITW, and XRPR ETFs report outflows, and BlackRock downplays plans for an XRP-spot ETF.
SEC delays XRP-spot ETF launches.
Lawmakers challenge crypto-friendly regulations, including the Market Structure Bill.
Blue-chip companies avoid XRP as a treasury reserve asset.
OCC delays or rejects Ripple’s US-chartered bank license.
SWIFT keeps its market share in global remittances, capping Ripple’s market access.

These bearish events could drag XRP toward $2.8. A drop below $2.8 would bring the $2.5 support level into play.

Bullish Scenario

BITW, GDLC, and XRPR register robust demand.
BlackRock lists and trades an iShares XRP Trust, and ETF issuers roll out XRP-spot ETFs.
Blue-chip companies target XRP for treasury purposes, and more payment platforms integrate Ripple technology.
Ripple secures a US-chartered bank license, and the Market Structure Bill passes the Senate.
SWIFT loses market share of global remittances to Ripple.

These events could drive XRP toward $3. A break above $3 could open the door to testing $3.2.

Ethereum price started a recovery wave above $4,175. ETH is now consolidating and might aim for more gains if it clears the $4,240 resistance.

Ethereum remained stable above $4,100 and started a recovery wave.
The price is trading above $4,160 and the 100-hourly Simple Moving Average.
There is a connecting bullish trend line forming with support at $4,120 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move up if it settles above $4,220 and $4,240.

Ethereum Price Eyes Upside Break
Ethereum price remained supported above the $4,050 level and started a recovery wave, like Bitcoin. ETH price was able to recover above the $4,150 and $4,200 resistance levels.

The price even spiked toward $4,240 before there was a minor pullback. The price is again rising from $4,095 and trading near the 50% Fib retracement level of the recent decline from the $4,237 swing high to the $4,093 low. Besides, there is a connecting bullish trend line forming with support at $4,120 on the hourly chart of ETH/USD.

Ethereum price is now trading above $4,160 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,200 level and the 76.4% Fib retracement level of the recent decline from the $4,237 swing high to the $4,093 low.

Source: ETHUSD on TradingView.com
The next key resistance is near the $4,240 level. The first major resistance is near the $4,280 level. A clear move above the $4,280 resistance might send the price toward the $4,320 resistance. An upside break above the $4,320 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,450 resistance zone or even $4,500 in the near term.

Another Decline In ETH?
If Ethereum fails to clear the $4,200 resistance, it could start a fresh decline. Initial support on the downside is near the $4,120 level and the trend line. The first major support sits near the $4,095 zone.

A clear move below the $4,095 support might push the price toward the $4,020 support. Any more losses might send the price toward the $3,920 region in the near term. The next key support sits at $3,840.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $4,120

Major Resistance Level – $4,240

Cardano (ADA) is trading around $0.78–$0.80, struggling beneath a strong resistance at $0.83–$0.85, where the 50/100/200-day EMAs converge. Prediction markets currently assign a 91%–95% chance of U.S. Cardano spot ETF approval, with dates tentatively set for late October 2025.

This narrative has helped stabilize sentiment after September’s decline. Bulls believe institutional access could mirror BTC/ETH’s ETF strategy by increasing liquidity and expanding demand.

However, options activity remains subdued, and recent long liquidations suggest traders are cautious about chasing gains before a clear breakout. If ADA closes above $0.85, potential upward targets are $0.87 (Fib 0.382) and $0.90 (Fib 0.5).

Cardano (ADA) Key Levels: $0.78 Support, Then $0.75 and $0.71
The Cardano (ADA) near-term structure is a range between $0.78 and $0.83 after a pullback from highs near $0.95. Momentum has improved from oversold levels, but Parabolic SAR remains above the price, and the trend hasn’t fully flipped.

Immediate support is at $0.78, with deeper liquidity pockets at $0.75 and $0.71; a failure there exposes $0.68 as the last major defense. Analysts also point out a developing death-cross risk on lower timeframes, implying rallies could fade without new catalysts.

Macro factors remain influential: tighter financial conditions or a Bitcoin retrace can reduce altcoin bids, capping ADA under resistance even if ETF headlines stay strong.

ADA's price trends sideways on the daily chart. Source: ADAUSD on Tradingview
The 2026 Bear Case: Why Sub-$0.30 Isn’t Impossible
Beyond the next few weeks, some strategists warn of a path where ADA may revisit sub-$0.30 in 2026. The reasoning: at a roughly $34B market cap near $0.80, multiples might shrink unless usage growth significantly accelerates.

While Cardano promotes research-driven upgrades (Ouroboros Leios, the Omega roadmap) and has an eight-year record with no downtime, critics point to slow app adoption, capital shifting to newer ecosystems, and ETF attention potentially directing flows into a few large caps.

If global liquidity tightens, ETFs underperform, or structural demand weakens, a prolonged cycle could push ADA toward value zones below $0.30, where longer-term buyers might enter.

In the short term, watch $0.83–$0.85 for a trend reversal and $0.78/$0.75 on the downside. The ETF story provides ADA with a real catalyst, but actual delivery and demand must materialize. Without that, the 2026 sub-$0.30 scenario remains a possible risk, especially if macroeconomic headwinds emerge.

Cover image from ChatGPT, ADAUSD chart from Tradingview

In a development that has sent ripples through the U.S. cryptocurrency mining community, U.S. Immigration and Customs Enforcement (ICE), alongside the Federal Bureau of Investigation (FBI) and other federal agencies, carried out a raid on the Lonestar Dream Bitcoin mining facility in Texas.

In brief
Tron Inc. stock has fallen 85% since June, part of a broader downturn for crypto-linked public companies.
MSTR, BMNR, and the majority of publicly listed treasury companies are down double digits from their three-month peaks.
This sell-off is a digital asset treasury trend, not a problem unique to any single firm, experts told Decrypt.
Tron Inc., a TRX treasury company, has been on a sustained downtrend since its mid-June peak.

The Nasdaq-listed toy and souvenir manufacturer is down 85% from its June 20 peak of $12.80, according to TradingView data. In September alone, the company witnessed a 55% decline.

“The hype is deflating,” Peter Chung, head of research at Presto Research, told Decrypt.

Chung noted that it is common for hype and frenzy to take over when a new meta is introduced, leading to outsized gains. As cooler heads prevail, the asset tends to find a stable footing, leading to a decline in its valuation. 

“This year it happened with Circle IPO, and is happening with DATs,” he explained. 

“It’s not just Tron,” Czhang Lin, head of LBank Labs, told Decrypt. “Many firms in the space are navigating similar headwinds.”

Tron Inc., which was listed on Nasdaq on July 24 through a reverse merger with SRM Entertainment, is not the only crypto treasury company facing a slump. 

Stephen Gregory, founder of crypto trading platform Vtrader, told Decrypt that the recent drop in crypto treasury companies was a result of “bad execution” and “rushing to the market” without “fully fleshing out” their strategy.

Gregory noted that the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority’s investigation involving 200 firms for suspicious stock trades preceding crypto treasury announcements is also part of the reason why the stock prices of crypto-linked companies are dropping.

Bitcoin treasury company MicroStrategy (MSTR) is down roughly 30% in the last three months, while Ethereum treasury company Bitmine Immersion Technologies Inc. has also shed 67% over the same period.

Justin Sun, who serves as an adviser to Tron Inc. and is the founder of TRON, has long been at the center of speculation and allegations, from his early ICO days in China to a recent run-in with U.S. law enforcement for allegedly selling unregistered securities related to TRON and BitTorrent.

Despite navigating regulatory challenges, Sun's recent actions involving the Trump-family-linked World Liberty Financial project have had an immediate impact.

After WLFI’s token generation event on September 1, Sun claimed 600 million tokens and moved 9 million to the HTX exchange, which he alleged were "routine tests and address splits," without any intention to sell. 

The move prompted the WLFI project to freeze Sun’s remaining 591 million unlocked tokens.

TRX is down nearly 1% in the past 24 hours and is currently trading at $0.33, with a market capitalization of $31.56 billion, making it the tenth-largest crypto in the industry.

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XRP is once again at the center of price speculation, but this time the targets are higher than most have seen before. Analysts following recent market data now believe XRP could enter a supercycle that lifts the price into the $20 to $30 range by 2026.

The argument by Zach Rector is built on comparisons with Bitcoin. Spot Bitcoin ETFs have attracted more than $57 billion in inflows since their launch in early 2024. That capital helped Bitcoin set new price records well before its halving cycle. Supporters of XRP say a similar pattern is forming now that spot XRP ETFs are beginning to roll out.

Why ETFs MatterUntil recently, XRP lacked the regulated investment products that have fueled Bitcoin’s rise. That gap is closing. The first spot XRP ETF has already launched, and more are set to follow. Banks and research firms are weighing in with early estimates:

JP Morgan expects $4–8 billion in inflows during the first year.
Canary Capital has hinted $5 billion could arrive in the first month.
Some analysts set a wider range of $10–20 billion in year one.
At XRP’s current circulating supply of about 60 billion tokens, these inflows alone could justify a base case of $20 to $30 per coin.

Current Market ConditionsXRP trades below $3 after a recent pullback tied to U.S. political uncertainty. Analysts describe this as a short-term event rather than a change in long-term momentum. The asset has already shown the ability to recover quickly, climbing more than 600% since late 2024 despite ongoing debates about regulation.

Beyond ETFsThe supercycle outlook is not only about ETFs. Broader changes in global markets are underway. Regulators and exchanges are exploring tokenization of stocks and private equity, which could move parts of traditional finance onto blockchains. If XRP and its ledger play a role in that transition, demand could expand far beyond current expectations.

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Ethereum’s rebound accelerated after U.S. spot ETH ETFs recorded $547 million in net single-day inflows, ending a five-day outflow streak. Fidelity’s FETH led with $202 million, while BlackRock’s ETHA contributed $154 million.

ETH ETFs now oversee about $27.5 billion, around 5.4% of the circulating market cap, indicating renewed institutional interest as the price regained the $4,000 psychological level.

ETH's price trends sideways on low timeframes. Source: ETHUSD on Tradingview
The turnaround coincided with over $1 billion in combined inflows into U.S. Bitcoin and Ethereum ETFs, boosting risk appetite across major assets.

Smart Money Accumulates Ethereum (ETH) as Reserves Fall
On the balance-sheet front, institutions continue increasing their exposure. BitMine Immersion Technologies disclosed a 2.65 million ETH corporate treasury, the largest tracked among its peers, while Bit Digital plans a $100 million convertible note raise to acquire more ETH, potentially boosting its treasury rankings.

On-chain, CryptoQuant data indicate declining exchange reserves, consistent with coins being moved into custody and staking, conditions that historically tighten the circulating supply when demand rises.

Technically, analysts note ETH has rallied approximately 250% from cycle lows; some, like Ted Pillows, suggest a brief pullback could set the stage for a move towards $4,500–$5,000, with $10,000 possible later if liquidity and macro tailwinds align.

In the near term, sustaining closes above $4,200–$4,250 would keep bulls in control; failure to do so risks a decline towards the $3,800–$3,600 support level.

TradFi Integrations Strengthen the Fundamental Case
Beyond flows and treasuries, real-world rails are advancing. SWIFT has tested Ethereum’s Linea Layer-2 with BNP Paribas and BNY Mellon for on-chain settlement messaging, while a broader SWIFT–Consensys project explores a blockchain-based ledger for 24/7 cross-border payments.

If even a small part of SWIFT volume moves on-chain, it could become a steady demand driver for block space and ETH staking.

Alongside improving regulatory clarity and ETF adoption, these integrations strengthen Ethereum’s position as a neutral financial infrastructure for institutions, supporting the AI/data economy narrative highlighted by corporate buyers.

Bottom Line
Record ETF inflows, decreasing exchange supply, and rising TradFi pilots support a breakout above $ 4,000. Stay above $4,200, and the path opens towards $4,500–$5,000; lose that, and a healthy retest into the high $3,000s is likely to occur before the next move. For now, the evidence leans bullish.

Cover image from ChatGPT, ETHUSD chart from Tradingview

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NEW YORK CITY and NEW ORLEANS, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 17, 2025 to file lead plaintiff applications in a securities class action lawsuit against Cytokinetics, Incorporated (NasdaqGS: CYTK), if they purchased or otherwise acquired the Company’s securities between December 27, 2023 and May 6, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of California.

What You May Do

If you purchased securities of Cytokinetics and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-cytk/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by November 17, 2025.

About the Lawsuit

Cytokinetics and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On March 10, 2025, the Company disclosed that the U.S. Food and Drug Administration (“FDA”) had decided not to convene an advisory committee meeting to review the Company’s New Drug Application (“NDA”) for its aficamten product. Then, on May 6, 2025, the Company disclosed that it had held multiple pre-NDA meetings with the FDA discussing safety monitoring and risk mitigation but chose to submit the NDA without a Risk Evaluation and Mitigation Strategy, instead relying on labeling and voluntary education materials.

On this news, the price of Cytokinetics’ shares fell, closing at $33.04 per share on May 7, 2025.  

The case is Seidman v. Cytokinetics, Incorporated, et al., No. 25-cv-07923.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

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Newmont (NEM - Free Report) has shown notably strong momentum in 2025, gaining nearly 130% and widely outperforming on the back of strong quarterly results.

Shares have recently made a fresh all-time high, further reinforcing the positive momentum. For those interested in the positivity, let’s take a closer look at how the company currently stacks up.

Gold Prices SurgeNewmont, one of the world's largest producers of gold, has benefited significantly from the rise in gold. The favorable operating environment has led analysts to revise their EPS expectations notably higher across the board, a bullish sign concerning near-term share performance.

Image Source: Zacks Investment Research

The average gold price per oz reached $3,320 throughout Newmont’s latest period, melting higher from the $2,347 mark in the same period last year. Free cash flow of $1.7 billion throughout the period was the company’s highest read ever.

As shown below, the company’s cash-generating abilities have been a notable boost over recent periods. The amplified cash-generating abilities bring about many positives, such as increased dividends and buybacks.

Image Source: Zacks Investment Research

And speaking of buybacks, NEM announced an additional $3 billion repurchase program following the above-mentioned release, further adding to the positivity.

Bottom Line

A favorable operating environment has led to Newmont’s (NEM - Free Report) share surge, benefiting in a big way from elevated gold prices. Its amplified cash-generating abilities have brought many positives, including buybacks.

NEW YORK and NEW ORLEANS, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 18, 2025 to file lead plaintiff applications in a securities class action lawsuit against KBR, Inc. (NYSE: KBR), if they purchased or otherwise acquired the Company’s securities between May 6, 2025 and June 19, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of Texas.

What You May Do

If you purchased securities of KBR and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-kbr/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by November 18, 2025.

About the Lawsuit

KBR and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On June 19, 2025, HomeSafe Alliance (“HomeSafe”), a KBR joint venture in which KBR has a 72% economic interest, disclosed that it received “a notice from the U.S. Department of Defense's Transportation Command (TRANSCOM) terminating the Global Household Goods Contract, which HomeSafe won in 2021 to transform the military move system for the benefit of service members and their families.”

On this news, the price of KBR’s shares fell $3.85 per share, or 7.29%, to close at $48.93 on June 20, 2025. On June 23, 2025, the next trading day, KBR stock fell a further $1.30, or 2.65%, to close at $47.63 on June 23, 2025.

The case is Norrman v. KBR, Inc., et al., No. 25-cv-04464.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

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