DALLAS, July 15, 2025 (GLOBE NEWSWIRE) — Tango, the leading provider of cloud-based real estate and facilities management software solutions, is pleased to announce the strategic expansion of its executive leadership team with the appointments of Jill Martin as Chief Administrative Officer (CAO) and Steve Swanston as Chief Revenue Officer (CRO). These leadership additions reflect the company’s focus on strengthening customer relationships, scaling its operations, and driving continued innovation across its global footprint.
“As we look to the future, building a world-class leadership team is essential to remaining deeply connected to customers at scale and achieving our ambitious goals,” said Jon Elliott, Tango’s Chief Executive Officer. “Jill and Steve bring the strategic insight and operational excellence we need to grow with purpose. Their leadership will help us unlock new opportunities and deepen the value we deliver to our customers every day. Their appointments mark an exciting new chapter in Tango’s journey.”
Jill Martin brings more than 20 years of legal, compliance, and business leadership experience to Tango, having guided mid-sized, global technology companies through periods of rapid growth and transformation. As CAO, she leads Tango’s people & culture, legal & compliance, information security and information technology functions, ensuring the company operates with integrity, engagement, agility, and resilience. Prior to joining Tango, Jill served as Senior Vice President & General Counsel at Halff, and held senior legal roles at the Nemetschek Group and Bluebeam, Inc.
Steve Swanston joins Tango as CRO with a strong track record of driving revenue growth and building high-performing sales organizations. As CRO, Steve leads Tango’s sales and marketing functions, with a focus on expanding market presence, deepening customer engagement, and accelerating revenue performance across all segments. He brings deep experience in the financial services and technology sectors, having held executive leadership roles at Velocity Solutions, CU People, and John M. Floyd & Associates.
The addition of Jill Martin and Steve Swanston to Tango’s executive team marks a pivotal step in the company’s evolution. Their leadership will help propel Tango into its next phase of strategic growth – expanding global reach, advancing product innovation, and deepening the company’s impact across the real estate and facilities management landscape. With this strengthened leadership foundation, Tango is well-positioned to shape the future of the industry.
About Tango With hundreds of customers across more than 175 countries, Tango is the leader in Store Lifecycle Management and Integrated Workplace Management System software. Our platform empowers organizations with the power of knowing – turning data into insight – and the impact of acting, driving smarter decisions across real estate, design and construction, lease administration and accounting, facilities maintenance, occupancy management, energy and sustainability, desk booking, visitor, and space management. To learn more visit tangoanalytics.com.
LEXINGTON, Mass., July 15, 2025 (GLOBE NEWSWIRE) — Mimecast, a global cybersecurity leader redefining how organizations secure human risk through precision-engineered AI, today announced the appointment of Patrice Perche to its Board of Directors.
Patrice is a long-time cybersecurity and technology executive with a proven track record of driving growth and innovation in the industry and helping organizations worldwide navigate the complexities of today’s threat landscape. Patrice joined Fortinet in 2004, where his contributions and leadership drove the company’s growth from $40M to $6.5B over his nearly 20-year tenure.
“For this stage of Mimecast’s evolution, Patrice’s deep expertise in cybersecurity and background in go-to-market strategy makes him an exceptional addition to our Board of Directors,” said Marc van Zadelhoff, CEO of Mimecast. “His experience scaling businesses and fostering innovation aligns seamlessly with our vision of securing human risk and reflects our continued investment in global expansion and enterprise market acceleration. Beyond his go-to-market expertise, Patrice will be a sounding board on our strategy as we continue to expand our platform. I’m thrilled to welcome him to Mimecast.”
“Mimecast is at the forefront of securing the human layer of the organization – where today’s cyber threats most often strike,” said Patrice. “I’ve long admired Mimecast’s commitment to innovation, especially their work integrating AI with human-centric security. I’m excited to work with them on their mission to empower humans to be part of security solutions.”
Patrice served in senior leadership roles throughout his tenure at Fortinet including Chief Revenue Officer & EVP Support, and SVP Worldwide Sales & Support. Prior to Fortinet, Patrice was co-founder, president and CEO of Risc IT Solutions Ltd. Currently, he is the founder & CEO of Turini AG, providing go-to market expertise in cybersecurity solutions. Perche holds a master’s degree in computer engineering.
About Mimecast Mimecast is a global cybersecurity leader redefining how organizations secure human risk through precision-engineered AI. Its AI-powered, API-enabled connected human risk platform is purpose-built to protect organizations from the spectrum of cyber threats. Integrating cutting-edge technology with human-centric pathways, our platform enhances visibility and provides strategic insight.
By enabling decisive action and empowering businesses to protect their collaborative environments, our technology safeguards critical data and actively engages employees in reducing risk and enhancing productivity. More than 42,000 businesses worldwide trust Mimecast to help them keep ahead of the ever-evolving threat landscape.
From insider risk to external threats, customers get more with Mimecast. More visibility. More agility. More control. More security.
Mimecast and the Mimecast logo are either registered trademarks or trademarks of Mimecast Services Limited in the United States and/or other countries. All other third-party trademarks and logos contained in this press release are the property of their respective owners.
Press Contacts Tim Hamilton Principal Public Relations Manager +1 603-918-6757 thamilton@mimecast.com
LEXINGTON, Mass., July 15, 2025 (GLOBE NEWSWIRE) — Mimecast, a global cybersecurity leader redefining how organizations secure human risk through precision-engineered AI, today announced the appointment of Patrice Perche to its Board of Directors.
Patrice is a long-time cybersecurity and technology executive with a proven track record of driving growth and innovation in the industry and helping organizations worldwide navigate the complexities of today’s threat landscape. Patrice joined Fortinet in 2004, where his contributions and leadership drove the company’s growth from $40M to $6.5B over his nearly 20-year tenure.
“For this stage of Mimecast’s evolution, Patrice’s deep expertise in cybersecurity and background in go-to-market strategy makes him an exceptional addition to our Board of Directors,” said Marc van Zadelhoff, CEO of Mimecast. “His experience scaling businesses and fostering innovation aligns seamlessly with our vision of securing human risk and reflects our continued investment in global expansion and enterprise market acceleration. Beyond his go-to-market expertise, Patrice will be a sounding board on our strategy as we continue to expand our platform. I’m thrilled to welcome him to Mimecast.”
“Mimecast is at the forefront of securing the human layer of the organization – where today’s cyber threats most often strike,” said Patrice. “I’ve long admired Mimecast’s commitment to innovation, especially their work integrating AI with human-centric security. I’m excited to work with them on their mission to empower humans to be part of security solutions.”
Patrice served in senior leadership roles throughout his tenure at Fortinet including Chief Revenue Officer & EVP Support, and SVP Worldwide Sales & Support. Prior to Fortinet, Patrice was co-founder, president and CEO of Risc IT Solutions Ltd. Currently, he is the founder & CEO of Turini AG, providing go-to market expertise in cybersecurity solutions. Perche holds a master’s degree in computer engineering.
About Mimecast Mimecast is a global cybersecurity leader redefining how organizations secure human risk through precision-engineered AI. Its AI-powered, API-enabled connected human risk platform is purpose-built to protect organizations from the spectrum of cyber threats. Integrating cutting-edge technology with human-centric pathways, our platform enhances visibility and provides strategic insight.
By enabling decisive action and empowering businesses to protect their collaborative environments, our technology safeguards critical data and actively engages employees in reducing risk and enhancing productivity. More than 42,000 businesses worldwide trust Mimecast to help them keep ahead of the ever-evolving threat landscape.
From insider risk to external threats, customers get more with Mimecast. More visibility. More agility. More control. More security.
Mimecast and the Mimecast logo are either registered trademarks or trademarks of Mimecast Services Limited in the United States and/or other countries. All other third-party trademarks and logos contained in this press release are the property of their respective owners.
Press Contacts Tim Hamilton Principal Public Relations Manager +1 603-918-6757 thamilton@mimecast.com
MELBOURNE, Fla., July 15, 2025 (GLOBE NEWSWIRE) — Orion180 Insurance, a leading provider of flexible, customer-centric homeowners and flood insurance solutions, today announced the launch of its FLEX Home Insurance product in nine eastern counties of Massachusetts. FLEX provides fully customizable coverage, allowing homeowners to adjust protections and deductibles to align with their individual risk preferences and financial goals.
Massachusetts homeowners, particularly those in coastal counties, have faced mounting insurance challenges in recent years. Bay State premiums surged 15% between 2022 and 2023, and the State currently ranks fifth in the nation for homeowners insurance non-renewals, according to the U.S. Senate Budget Committee. Orion180’s FLEX product directly addresses these concerns through robust, customizable coverage without coastal restrictions, a rare offering in today’s constrained market.
“Our mission is to bring smarter, more accessible insurance solutions to underserved communities,” said Ken Gregg, CEO of Orion180. “Massachusetts homeowners have faced higher premiums and fewer options due to the increasing threat of weather-related events. FLEX delivers tailored protection, transparent pricing, and peace of mind. Agents and homeowners can feel at ease because we have a 0% state abandonment rate and stand firmly behind the markets we serve.”
Key Benefits of FLEX Home Insurance:
Flexible Coverage Customization: Homeowners can tailor core coverages and perils to align with their specific risk tolerance and financial needs.
No Coastal Restrictions: FLEX supports coastal counties with no distance-based pricing exclusions or restrictions.
Variable Deductibles and Copays: Policyholders can select from a range of deductible levels and copay percentages to optimize both short-term costs and long-term value.
Claims-free Reward: Eligible homeowners may earn a bonus of up to 100% of their first-year premium based on the duration of their claims-free history.
Significant Discounts: Eligible homeowners can access significant savings via senior discounts, tree-free yards, military/first responder, and more.
FLEX Home Insurance is available now through select Massachusetts insurance agents in Essex, Plymouth, Middlesex, Barnstable, Suffolk, Dukes, Norfolk, Nantucket, and Bristol counties.
About Orion180 Insurance Orion180 Insurance is a technology-driven and customer-centric insurance brand that combines proprietary technology, real-time data, and straightforward underwriting practices to provide a seamless and premier insurance experience. Orion180 operates through Orion180 Insurance Co., a surplus lines insurance company serving Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Texas, Colorado (Flood only), Tennessee (Flood only), Illinois (Flood only) and Arizona, and Orion180 Select Insurance Co., an admitted insurance company offering coverage in Alabama, Arizona, Georgia, Indiana, Mississippi, North Carolina, and Ohio. With its proprietary MY180 platform and third-party integrations, Orion180 offers unmatched efficiency and innovation, fulfilling its vision of becoming the global leader in insurance solutions while maintaining its mission to deliver superior customer experiences and a comprehensive suite of products. Connect with Orion180 on X, LinkedIn, Facebook, Instagram, TruthSocial, and YouTube. For more information, visit www.Orion180.com.
MELBOURNE, Australia and BORDEAUX, France and RADEVORMWALD, Germany, July 15, 2025 (GLOBE NEWSWIRE) — Semitech Semiconductor, Occitaline, and Safesquare today jointly announced the availability of the Babi-LON platform, an integrated hardware and software solution for LonWorks power line communication (PLC) networks built on Semitech’s advanced SM2400 multi-mode PLC transceiver with full EIA-709.2 protocol support.
The EIA-709.2 protocol – part of the LonWorks suite defining the physical layer for PLC – is a cornerstone technology in building automation, smart lighting, transportation, and industrial control systems worldwide. With the phase-out of legacy solutions like the widely deployed PL3120 transceiver (originally developed by Echelon), OEMs and system integrators are actively seeking reliable long-term alternatives to keep supporting existing networks and future projects.
The SM2400 has already been widely adopted by tier-one OEMs across smart metering, industrial automation, and transportation markets for its proven reliability, advanced modulation techniques, and robust performance under demanding noise conditions. With full EIA-709.2 support, it serves as a direct, high-performance, backward-compatible, long-term replacement for legacy EIA-709.2 transceivers, ensuring a secure long-term supply path for LonWorks-based systems.
Built around the SM2400, the new Babi-LON platform offers both a development environment and turnkey solution for LonWorks devices. It simplifies migration by providing open familiar interfaces and proven protocol stacks, allowing OEMs and system integrators to sustain and evolve their LonWorks-based systems with minimal redesign.
“We’re excited to partner with Occitaline and Safesquare to accelerate the transition to next-generation LonWorks PLC,” said Zeev Collin, CEO of Semitech Semiconductor. “The Babi-LON platform enables customers to seamlessly replace obsolete components, maintain their existing networks, and take advantage of the advanced capabilities of the SM2400.”
Occitaline and Safesquare, both recognized leaders in LonWorks and industrial automation solutions, have integrated the SM2400 into their expanded Babi-LON offering, delivering software stacks and reference designs that dramatically simplify migration and new product development.
“By incorporating the SM2400, we’re able to offer a modern, fully supported EIA-709.2 platform with long-term availability and outstanding performance,” said Daniel Zotti, CEO of Occitaline. “This gives our customers a clear, confident path to upgrade legacy products and sustain mission-critical networks.”
Martin Mentzel, CEO of Safesquare, added: “Our customers can now continue building LonWorks-based power line networks with the assurance of a next-generation, multi-protocol foundation. The Babi-LON platform with the SM2400 is essential for preserving large installed bases and preparing for future expansions.”
Key benefits of the new Babi-LON platform:
Seamless LonWorks support – full compliance with EIA-709.2, ensuring interoperability with existing devices and legacy systems
Guaranteed long-term supply (10+ years) – ensuring security of supply for extended-lifecycle projects
Accelerated time-to-market – turnkey modules, proven software stacks, and expert design-in support from Occitaline and Safesquare
Superior PLC performance – robust communication over power lines, improved noise immunity, and extended range
Availability
SM2400 samples and evaluation kits with EIA-709.2 support are available immediately through Semitech and its authorized sales partners. For more information, please visit www.semitechsemi.com.
The expanded Babi-LON platform and design-in support for customer projects from Occitaline and Safesquare will be available starting in September. For more information, please visit www.babi-lon.com.
About Occitaline
Occitaline is a technology company with over 20 years of expertise in Building Management Systems (BMS) and Smart City solutions. Specializing in the design and manufacture of open, multi-protocol network infrastructure products, Occitaline simplifies the integration of diverse equipment within buildings. Its multi-protocol routers and secure network equipment enable seamless communication and enhanced cybersecurity for smart, sustainable spaces. Occitaline also provides technical training to help professionals master BMS communication protocols. Learn more at www.occitaline.com.
About Safesquare
Safesquare is a technology development partner and system integrator specializing in open, standardized industrial communication and system integration. Safesquare is focused on creating scalable, decentralized networks with intelligent nodes and manufacturer-independent IoT capabilities. Offerings include “spega e.control” for building automation and “Babi-LON” for networked IoT solutions, alongside expertise in wired/wireless IoT and medical device development. Learn more at www.safesquare.eu.
About Semitech Semiconductor
Semitech Semiconductor is an innovative provider of robust, high-performance wireless and power line communication (PLC) solutions for the smart grid, automotive and industrial IoT markets. Semitech provides the most adaptable, yet cost effective, multi-modal communication solutions wirelessly and over power lines to address the diverse requirements of these markets, while avoiding the cost and complexity of additional wiring. Learn more at www.semitechsemi.com or follow the company on LinkedIn and X.
Media Contact: Stephanie Olsen Lages & Associates (949) 453-8080 stephanie@lages.com
Photos accompanying this announcement are available at:
SAN JOSE, Calif., July 15, 2025 (GLOBE NEWSWIRE) — Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, announced the findings of its seventh annual global Financial Services Enterprise Cloud Index (ECI) survey and research report, which measures enterprise progress with cloud adoption in the industry. The research showed that nearly all the financial services organizations surveyed are currently leveraging GenAI applications or workloads today, with a focus on real-life applications gravitating towards customer support and content development.
Despite widespread GenAI adoption, financial services organizations are struggling to keep pace. Most cite a skills gap needed to manage GenAI with existing infrastructure. Moreover, 97% of respondents admit they could do more to secure their GenAI models and applications.
“Financial services organizations are turning to containers and hybrid cloud not just as technology upgrades, but as strategic enablers of customer value,” said Lee Caswell, SVP of Product and Solutions Marketing at Nutanix. “This year’s ECI report highlights how these technologies are delivering measurable ROI by powering GenAI applications that enhance fraud detection, strengthen cybersecurity, and elevate customer engagement. For financial institutions, containers and hybrid cloud have become essential tools to drive innovation, agility, and trust in a rapidly evolving digital landscape.
“But AI and how organizations want to use it is also changing very rapidly. While GenAI remains a part of their activities, beyond the findings in the report, our customers are telling us they have moved to adopt agentic AI and are looking to harness its potential across their organizations and in how they interact with their customers.”
The report surveyed financial services leaders on GenAI adoption, Kubernetes, and container use, and where they’re running mission-critical applications today—and where they plan to run them next. Key findings include:
GenAI Adoption Is Widespread but Not Without Risk: Nearly all industry respondents report using some form of GenAI today, with current use cases focused on customer support, content generation, and automation. However, data privacy and security stand out as the top concerns, with 97% agreeing their organizations must do more to secure GenAI models and applications.
Infrastructure Modernization Is Needed for GenAI Success: 92% of respondents say their current infrastructure requires improvement to fully support cloud native applications and containers. Although containerization and Kubernetes are already in use, particularly for GenAI workloads, application portability and data silos persist as major hurdles.
IT Talent Shortage Could Slow Momentum: Nearly all respondents (98%) face challenges scaling GenAI from development to production, citing lack of skilled personnel and integration issues. While 62% of respondents are actively hiring for GenAI expertise, training and upskilling remain critical priorities.
Return on Investment (ROI) is a Priority but It’s a Long Game: 39% of respondents anticipate potential GenAI-related losses in the next 12 months, while 58% expect gains within one to three years. This suggests that financial services leaders are embracing a longer-term view of GenAI success but also underscores the need for better tools to measure GenAI ROI.
Security and Compliance Will Continue to be Important: The majority (96%) of respondents say GenAI is reshaping their data security and privacy priorities. Additionally, 90% express concern about data security in the broader IT vendor ecosystem, further highlighting the complexity of securing AI deployments.
For the seventh consecutive year, Nutanix commissioned a global research study to learn about the state of global enterprise cloud deployments, application containerization trends, and GenAI application adoption. In the Fall of 2024, U.K. researcher Vanson Bourne surveyed 1,500 IT and DevOps/Platform Engineering decision-makers around the world. The respondent base spanned multiple industries, business sizes, and geographies, including North and South America; Europe, the Middle East and Africa (EMEA); and Asia-Pacific-Japan (APJ) region.
To learn more about the report and findings, please download the full Financial Services Nutanix Enterprise Cloud Index, here and read the blog here.
About Nutanix Nutanix is a global leader in cloud software, offering organizations a single platform for running applications and managing data, anywhere. With Nutanix, companies can reduce complexity and simplify operations, freeing them to focus on their business outcomes. Building on its legacy as the pioneer of hyperconverged infrastructure, Nutanix is trusted by companies worldwide to power hybrid multicloud environments consistently, simply, and cost-effectively. Learn more at www.nutanix.com or follow us on social media @nutanix.
Source: People’s Republic of China – State Council News
U.S. President Donald Trump appears to be losing patience with his Russian counterpart, Vladimir Putin, voicing disappointment on Monday just hours after threatening “severe tariffs” against Russia.
“I’m disappointed in him, but I’m not done with him. But I’m disappointed in him,” Trump told BBC in an interview.
A few hours earlier, during a meeting with North Atlantic Treaty Organization (NATO) Secretary General Mark Rutte in the Oval Office, Trump warned, “We’re going to be doing very severe tariffs” if a ceasefire agreement on Ukraine is not reached within 50 days.
U.S. Commerce Secretary Howard Lutnick clarified later that Trump actually meant “economic sanctions” when he threatened “secondary tariffs” against Russia, The Washington Times reported.
Trump also told Rutte that the United States would supply weapons to Ukraine through NATO, including Patriot missile systems, with deliveries starting soon.
In a post on X following a phone call with Trump, Ukrainian President Volodymyr Zelensky expressed gratitude for Trump’s “willingness to support Ukraine” and hailed their strong relationship.
This is not the first time Trump has expressed disappointment with Putin over the Ukraine crisis, despite claiming he has a good relationship with the Russian leader. In early July, after a phone conversation with Putin, Trump told reporters, “I didn’t make any progress with him today at all,” adding, “I’m not happy about that.”
Trump, who promised during his campaign to end the conflict in Ukraine within 24 hours, has held several conversations with Putin since taking office. However, his efforts to pressure the Russian leader have yet to yield a ceasefire.
RESTON, Va., July 15, 2025 (GLOBE NEWSWIRE) — Regula, a global developer of forensic devices and identity verification solutions, introduces a new embedded document reader—theRegula 7223E—designed to streamline ID card checks at self-service kiosks and e-gates. Built specifically for ID-1 format documents, such as driver’s licenses and national ID cards, the compact scanner helps borders and businesses speed up identity checks, reduce user errors, and deliver a better customer experience at scale.
The Regula 7223E embedded into an e-gate
Self-service solutions are the new norm in airports, hotels, casinos, and secure facilities. But verifying ID cards—especially when users insert them incorrectly or need to scan both sides separately—remains a common point of friction. The Regula 7223E solves this problem with:
Dual-side scanning in a single step.
No-wrong-way card insertion.
Automatic ejection after scanning.
The result: faster lines, fewer errors, and a smoother process for customers and operators alike.
Built for speed, designed for integration
The Regula 7223E is based on the desktop ID card reader Regula 72X3, which was released several years ago. The new OEM version responds to new challenges and can be used as a standalone document reader at kiosks, e-gates, or other self-service points. The Regula 7223E also has enhanced capabilities thanks to full compatibility with Regula’s embedded full-page document reader Regula 70X8M, enabling businesses to automatically route different document types—passports or ID cards—to the correct device. The built-in indicator guides users through the process, improving usability and speeding up verification workflows.
Powered by Regula’s robust software
Like all Regula document readers, the 7223E is backed by Regula Document Reader SDK, a comprehensive document verification software solution that enables multiple automated checks (including analyzing MRZ data, barcodes, RFID chips, and visual elements) to prove IDs’ authenticity. It draws on Regula’s proprietary world’s largest identity document template database, which includes over 15,000 templates from 252 countries and territories.
“We designed the Regula 7223E to remove unnecessary friction in ID checks. With this launch, we now offer a complete suite of embedded readers tailored to document type, with shared software tools and synchronized operation. Whether verifying a passport or an ID card, organizations can count on fast, reliable, and accurate data capture and authentication from a single trusted provider,” says Alex Lewanowicz, Director of Hardware Engineering at Regula.
To learn more about the new Regula 7223E, visit Regula’s website.
About Regula
Regula is a global developer of forensic devices and identity verification solutions. With our 30+ years of experience in forensic research and the most comprehensive library of document templates in the world, we create breakthrough technologies for document and biometric verification. Our hardware and software solutions allow over 1,000 organizations and 80 border control authorities globally to provide top-notch client service without compromising safety, security, or speed. Regula has been repeatedly named a Representative Vendor in the Gartner® Market Guide for Identity Verification.
Following the driest spring in 132 years, Environment Agency steps up operational response.
EA officers rescuing fish from a dried up River Redlake in Shropshire
The Environment Agency has declared drought status for the West Midlands and East Midlands following the driest spring in 132 years.
The Environment Agency announced the change in status today, 15th July 2025. Following declining river flows and groundwater levels with some river flows in the regions at their lowest for June since 1976.
The decision sees the regulator stepping up its operational response in the West Midlands and the East Midlands. While making sure water companies deliver the actions agreed in their drought plans.
The announcement comes as the National Drought Group meets to discuss next steps, with people being asked to play their part and use water wisely.
West Midlands and East Midlands follow other regions that have moved into drought recently, including the north-west of England and Yorkshire.
Matt Gable, Regional Incident Lead at the Environment Agency, said:
Against a backdrop of a changing climate, this change of status recognises the impact prolonged dry weather is having on water resources and the environment.
In the Midlands, we are taking action to reduce that impact and to oversee the actions water companies need to take to secure public water supplies.
We are also encouraging people to play their part through the rest of the summer period by noting the small steps we can all take to save water.
In the Midlands, river levels are already low with some river flows in the region at their lowest for June since 1976. The River Severn catchment received only two-thirds of the rainfall it normally does in June, while the Trent catchment fared worse, with only 37% of its long-term average for June.
Teams are out on the ground actively monitoring river levels, with staff working with the water sector to ensure there is enough water for the people and the environment. Staff are also supporting farmers and abstractors with advice on how to manage abstraction during prolonged dry weather and low flows. Fisheries teams are responding where necessary to protect fish which are struggling due to reduced oxygen or moving them if the river has dried up.
The Environment Agency expects and will ensure that water companies follow their drought management plans. Water companies need to step up their work to fix leaks and adjust their operations to conserve water.
The public is being asked to think about how they use water at home and in the garden, and to comply with any local restrictions. The less water you use at the home, the more water there is in your local environment. Recreational water users are being asked to remain vigilant and report any environmental issues they see, such as fish in distress, acting as important eyes and ears on the ground.
A decision to declare drought is taken based on reservoir levels, river flows, groundwater levels, how dry soils are, environmental incidents and water resources position along with consideration of the long-term weather forecasts. These are based on Environment Agency Area classifications.
Temporary Use Bans (TUBs) are a decision for the water companies and must be made in line with their drought plans. Read more here: Why do we have hosepipe bans?
MOUNTAIN VIEW, Calif., July 15, 2025 (GLOBE NEWSWIRE) — Locus Technologies, the industry leader in cloud-based environmental compliance software, today announced the launch of its Backflow Prevention App, a fully integrated application within the Locus Water Suite. This new application empowers backflow inspectors and water utilities to respond efficiently to growing inspection volumes, increased regulatory scrutiny, and ongoing staffing constraints within a modern alternative to legacy spreadsheets and siloed data.
“With the Locus Backflow Prevention app, utilities and operators can manage all aspects of their backflow programs, from device tracking to test result submissions and customer notifications, all within Locus Platform. This app is a key step forward in backflow device management which will streamline your program implementation and oversight,” said Dr. Laura Underwood, Director of Digital Water Services at Locus Technologies.
Key features of the Locus Backflow Prevention app include:
Cloud-Based and Mobile Ready: Licensed inspectors can complete tests and submit results in real-time from any mobile device.
Regulatory Compliance: Automatically assigns and tracks test frequency, due dates, non-compliance, and device requirements aligned with local and state regulations.
Automated Notifications: Generates reminder notices, notices of violations, or other custom notices via emails or letters to customers when inspections are due or late.
Integrated Device and Site Tracking: Maintains a centralized record of every backflow device, test history, and service location.
Self-Service Portal: Enables Water Utility staff to manage licensed inspectors, service locations, and customer information, as well as review and approve inspections.
Powerful Reporting and Audit Tools: Custom dashboards, historical trend analysis, and pre-built reports streamline internal tracking and external audits.
The app is metadata-driven and built on the configurable Locus Platform, allowing customers to configure their own workflows, forms, and compliance rules without writing a single line of code. Combined with the broader Locus Water Suite — which includes applications for water quality, water metrics, stormwater, and more — the Backflow Prevention app significantly advances the digital transformation of water compliance.
“Our mission is to deliver the most complete, unified platform for managing every aspect of water operations,” said Neno Duplan, CEO of Locus Technologies. “With the launch of the Backflow Prevention app, traditional data silos are crumbling, and our customers are gaining full control over their data, inspections, and compliance mandates — all in one place.”
The Locus Backflow Prevention app is available as a standalone module or as part of bundled pricing for customers already using multiple Locus applications. To learn more, please visit http://www.locustec.com.
About Locus Technologies Locus Technologies, the global environmental, social, governance (ESG), sustainability, and EHS compliance software leader, empowers companies of every size and industry to be credible with ESG reporting. From 1997, Locus pioneered enterprise software-as-a-service (SaaS) for EHS compliance, water management, and ESG credible reporting. Locus apps and software solutions improve business performance by strengthening risk management and EHS for organizations across industries and government agencies. Organizations ranging from medium-sized businesses to Fortune 500 enterprises, such as Sempra, Corteva, Chevron, DuPont, Chemours, San Jose Water Company, The Port Authority of New York and New Jersey, Port of Seattle, and Los Alamos National Laboratory, have selected Locus. Locus is headquartered in Mountain View, California. For further information regarding Locus and its commitment to excellence in SaaS solutions, please visit http://www.locustec.com or email info@locustec.com.
Media Contact: Brenda Mahedy Locus Technologies media@locustechnologies.net
LOS ANGELES, July 15, 2025 (GLOBE NEWSWIRE) — Wedbush Securities, a leading financial services firm, has launched 24-hour trading capabilities, with clients already actively leveraging the service to access markets around the clock. Through strategic partnerships with Blue Ocean Technologies and OTC Markets Group, Wedbush delivers seamless market access across overnight, pre-market, core, and post-market sessions—particularly benefiting investors operating in Asia-Pacific time zones.
Wedbush’s expanded after-hours trading melds in Blue Ocean ATS, MOON ATS, and OTC Overnight, which are three distinct alternative trading systems that enable overnight trading during Asia-Pacific hours. Blue Ocean ATS and MOON ATS support U.S.-listed securities, while OTC Overnight provides access to OTC equity trading during the same extended window. Together, these platforms provide clients with comprehensive market coverage from 8:00 PM to 4:00 AM Eastern Time, offering both high- and low-touch routing options and ensuring expert execution support throughout all market hours.
“Our 24-hour trading capability marks a major step forward in providing clients with the market access they demand in today’s fast-paced global environment,” commented Burke Dempsey, EVP, Head of Investment Banking & Capital Markets at Wedbush. “By partnering with Blue Ocean and OTC Markets, we are already bridging the gap across time zones to offer continuous liquidity and execution support. This initiative reflects our focus on delivering flexible, client-driven solutions that empower investors around the clock.”
Brian Hyndman, CEO of Blue Ocean Technologies, said, “We’re excited to partner with Wedbush to deliver our connectivity to after-hours markets. As the leading platform in overnight trading, with the deepest liquidity, trading volume, global access across 20+ countries, and a growing network of over 100 data subscribers, we’re confident this new capability will provide Wedbush clients with powerful tools to manage trading risk and unlock new opportunities beyond regular market hours.”
“By integrating MOON ATS™ and OTC Overnight into its 24-hour trading offering, Wedbush is expanding global market access in a way that reflects its core mission: protecting client interests, driving innovation, and delivering with precision,” said Cromwell Coulson, CEO of OTC Markets Group. “At OTC Markets, we share this commitment to building secure market infrastructure that prioritizes financial safety and service excellence. Together, we’re enabling investors to trade with confidence in a market that now moves around-the-clock.”
Wedbush supports execution and clearing in over 25 foreign markets, across a wide range of time zones linking with major alliance partners such as Maybank Investment Bank, Velocity Trade, Hana Securities, Trigon, Okasan Securities Group, and Yuanta Securities.
Wedbush’s added 24/7 execution capabilities pair with its recent announcement of support for clearing equities traded on leading overnight ATSs, including Blue Ocean and MOON.
About Wedbush Securities Wedbush Securities is the largest subsidiary of Wedbush Financial Services. Since its founding in 1955, Wedbush is widely known for providing our clients, both private and institutional, with a wide range of securities brokerage, clearing, wealth management, and investment banking services. Headquartered in Los Angeles, California with 100 registered offices and nearly 900 colleagues, the firm focuses on client service and financial safety, innovation, and the utilization of advanced technology. Securities and Investment Advisory services are offered through Wedbush Securities Inc. Member NYSE/ FINRA / SIPC
About Blue Ocean Technologies, LLC Blue Ocean Technologies, LLC (BOT) is a unique capital markets fintech company empowering global investors by making trading possible during U.S. overnight trading hours. Blue Ocean ATS, LLC, and its trading system Blue Ocean Alternative Trading System (BOATS), currently trade U.S. National Market System (NMS) stocks from 8:00 pm to 4:00 am ET, Sunday – Thursday. Founded in 2019, Blue Ocean ATS is on a mission to transform U.S. trading to global trading via its flagship service, Blue Ocean Session, providing access and transparency to subscribers in all time zones during non-traditional U.S. market hours. For more information, visit www.blueocean-tech.io.
About OTC Markets Group Inc. OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
LOS ANGELES, July 15, 2025 (GLOBE NEWSWIRE) — Wedbush Securities, a leading financial services firm, has launched 24-hour trading capabilities, with clients already actively leveraging the service to access markets around the clock. Through strategic partnerships with Blue Ocean Technologies and OTC Markets Group, Wedbush delivers seamless market access across overnight, pre-market, core, and post-market sessions—particularly benefiting investors operating in Asia-Pacific time zones.
Wedbush’s expanded after-hours trading melds in Blue Ocean ATS, MOON ATS, and OTC Overnight, which are three distinct alternative trading systems that enable overnight trading during Asia-Pacific hours. Blue Ocean ATS and MOON ATS support U.S.-listed securities, while OTC Overnight provides access to OTC equity trading during the same extended window. Together, these platforms provide clients with comprehensive market coverage from 8:00 PM to 4:00 AM Eastern Time, offering both high- and low-touch routing options and ensuring expert execution support throughout all market hours.
“Our 24-hour trading capability marks a major step forward in providing clients with the market access they demand in today’s fast-paced global environment,” commented Burke Dempsey, EVP, Head of Investment Banking & Capital Markets at Wedbush. “By partnering with Blue Ocean and OTC Markets, we are already bridging the gap across time zones to offer continuous liquidity and execution support. This initiative reflects our focus on delivering flexible, client-driven solutions that empower investors around the clock.”
Brian Hyndman, CEO of Blue Ocean Technologies, said, “We’re excited to partner with Wedbush to deliver our connectivity to after-hours markets. As the leading platform in overnight trading, with the deepest liquidity, trading volume, global access across 20+ countries, and a growing network of over 100 data subscribers, we’re confident this new capability will provide Wedbush clients with powerful tools to manage trading risk and unlock new opportunities beyond regular market hours.”
“By integrating MOON ATS™ and OTC Overnight into its 24-hour trading offering, Wedbush is expanding global market access in a way that reflects its core mission: protecting client interests, driving innovation, and delivering with precision,” said Cromwell Coulson, CEO of OTC Markets Group. “At OTC Markets, we share this commitment to building secure market infrastructure that prioritizes financial safety and service excellence. Together, we’re enabling investors to trade with confidence in a market that now moves around-the-clock.”
Wedbush supports execution and clearing in over 25 foreign markets, across a wide range of time zones linking with major alliance partners such as Maybank Investment Bank, Velocity Trade, Hana Securities, Trigon, Okasan Securities Group, and Yuanta Securities.
Wedbush’s added 24/7 execution capabilities pair with its recent announcement of support for clearing equities traded on leading overnight ATSs, including Blue Ocean and MOON.
About Wedbush Securities Wedbush Securities is the largest subsidiary of Wedbush Financial Services. Since its founding in 1955, Wedbush is widely known for providing our clients, both private and institutional, with a wide range of securities brokerage, clearing, wealth management, and investment banking services. Headquartered in Los Angeles, California with 100 registered offices and nearly 900 colleagues, the firm focuses on client service and financial safety, innovation, and the utilization of advanced technology. Securities and Investment Advisory services are offered through Wedbush Securities Inc. Member NYSE/ FINRA / SIPC
About Blue Ocean Technologies, LLC Blue Ocean Technologies, LLC (BOT) is a unique capital markets fintech company empowering global investors by making trading possible during U.S. overnight trading hours. Blue Ocean ATS, LLC, and its trading system Blue Ocean Alternative Trading System (BOATS), currently trade U.S. National Market System (NMS) stocks from 8:00 pm to 4:00 am ET, Sunday – Thursday. Founded in 2019, Blue Ocean ATS is on a mission to transform U.S. trading to global trading via its flagship service, Blue Ocean Session, providing access and transparency to subscribers in all time zones during non-traditional U.S. market hours. For more information, visit www.blueocean-tech.io.
About OTC Markets Group Inc. OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
DAVIDSON, N.C., July 15, 2025 (GLOBE NEWSWIRE) — Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and life sciences and industrial solutions, today announced the appointment of Aurobind Satpathy to its Board of Directors, effective immediately.
Satpathy currently serves as a senior partner at McKinsey & Company, a global management consulting firm. During his nearly 30-year career with McKinsey & Company, Satpathy led multi-billion-dollar mergers, guided companies through public-to-private transitions, and architected growth strategies that resulted in increases in market capitalization. In addition, Satpathy led global technology-enablement efforts within McKinsey’s Operations practice and held leadership roles across several offices, practices, and global committees.
“Aurobind’s leadership in high-impact engagements across diverse industries demonstrates his deep expertise in aligning strategy with execution,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand. “We look forward to leveraging his strategic mindset, and his ability to unlock value through bold, data-driven insights will be a welcome addition to our Board.”
This appointment underscores Ingersoll Rand’s ongoing commitment to maintaining a robust and dynamic Board of Directors focused on innovation, operational excellence, and sustainable growth.
About Ingersoll Rand Inc. Ingersoll Rand Inc. (NYSE: IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to Making Life Better for our employees, customers, shareholders, and planet. Customers lean on us for exceptional performance and durability in mission-critical flow creation and life sciences and industrial solutions. Supported by over 80+ respected brands, our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity, and efficiency. For more information, visit www.IRCO.com.
Forward-Looking Statements This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to Ingersoll Rand Inc.’s (the “Company” or “Ingersoll Rand”) expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “on track to,” “will continue,” “will likely result,” “guidance” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements other than historical facts are forward-looking statements.
These forward-looking statements are based on Ingersoll Rand’s current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from these current expectations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates, or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) adverse impact on our operations and financial performance due to natural disaster, catastrophe, global pandemics (including COVID-19), geopolitical tensions, cyber events, or other events outside of our control; (2) unexpected costs, charges, or expenses resulting from completed and proposed business combinations; (3) uncertainty of the expected financial performance of the Company; (4) failure to realize the anticipated benefits of completed and proposed business combinations; (5) the ability of the Company to implement its business strategy; (6) difficulties and delays in achieving revenue and cost synergies; (7) inability of the Company to retain and hire key personnel; (8) evolving legal, regulatory, and tax regimes; (9) changes in general economic and/or industry specific conditions; (10) actions by third parties, including government agencies; and (11) other risk factors detailed in Ingersoll Rand’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), as such factors may be updated from time to time in its periodic filings with the SEC, which are available on the SEC’s website at http://www.sec.gov. The foregoing list of important factors is not exclusive.
Any forward-looking statements speak only as of the date of this release. Ingersoll Rand undertakes no obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.
LEWISVILLE, Ark., July 15, 2025 (GLOBE NEWSWIRE) — Smackover Lithium, a Joint Venture (“JV”) between Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE.A: SLI) and Equinor, is pleased to announce that it has completed sampling from its newest exploration well, the Lester well, in the South West Arkansas (SWA) Project area, and has recorded the highest lithium concentration reported to date from the SWA Project area; 616 mg/L lithium in brine.
The Lester well was completed in the second quarter of this year and concludes all sub-surface exploration activities for Phase 1 of the SWA Project. The location of the Lester well in relation to the SWA Phase 1 Project is shown in Figure 1 below, and an aerial photograph of the Lester well and associated pad is shown in Figure 2.
Sampling of brines from the upper Smackover Formation was completed by the Company, and subsequent analysis of the brine by an independent third-party certified laboratory demonstrated significantly higher than expected lithium concentrations in the Lester brine, marking the highest lithium grade reported for the SWA Project. The summarized lithium brine analyses are provided in Table 1 below which highlights the average lithium concentration from three brine samples was 582 mg/L.
Dr. Andy Robinson, President and COO of Standard Lithium stated, “The Smackover Lithium team has now completed all the fieldwork and testing required for Phase 1 of the SWA Project. We completed this final well in a part of the project area where we expected the lithium concentration to be approximately 500 mg/L, so we’re encouraged with these latest sampling results that show the highest lithium concentrations in the whole SWA Project area (maximum 616 mg/L), demonstrating a marked improvement from levels in the existing world-class lithium brine resource.
With all of the fieldwork complete, the joint Smackover Lithium team is working to complete the FEED study, with a Definitive Feasibility Study expected later in the third quarter of this year. The completion of these studies will represent a significant milestone as the team rapidly advances Phase 1 of the SWA Project through off-take negotiations and project finance towards a Final Investment Decision targeted by year-end 2025.”
Figure 1: SWA Project, Phase 1 Reynolds Unit and Location of Lester Well
Table 1: Lester Well Lithium Brine Analyses in SWA Phase 1 Project Area
Sample Name[1]
Lithium mg/L
Lester 2 #1
559
Lester 2 #2
571
Lester 2 #5
616
Average Concentration[2]
582
Notes: Analyses conducted at WETLAB (Western Environmental Testing Laboratory) – 475 E Greg St, Suite 119, Sparks NV 89431. [1] Sample names are as reported by the independent third party laboratory. Samples #3 and #4 were a blank sample and a synthetic spike sample, used for laboratory data verification and QA/QC purposes. They are omitted here for clarity. [2] A simple average concentration is provided from the Lester well for illustrative purposes of the general lithium brine quality in the Lester well. Porosity-weighted averages will be used in future resource quality estimates.
Figure 2: Aerial Photo of Lester Well in SWA Phase 1 Project
Notes: Photograph is taken looking approximately northeast across the Lester well-pad.
Qualified Person
Steve Ross, P.Geol., a Qualified Person as defined by NI 43-101, has reviewed and approved the relevant scientific and technical information that forms the basis for this news release. Mr. Ross is a consultant to the Company.
About Smackover Lithium
Smackover Lithium is a joint venture between Standard Lithium and Equinor. Formed in May 2024, Smackover Lithium is developing two Direct Lithium Extraction (“DLE”) Project Companies in southwest Arkansas and east Texas. Standard Lithium owns a 55% interest and Equinor holds the remaining 45% interest in the two Project Companies, with Standard Lithium maintaining operatorship.
About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated Direct Lithium Extraction and purification process. The Company’s flagship projects are located in the Smackover Formation, a world-class lithium brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor ASA, Standard Lithium is advancing the South West Arkansas project, a greenfield project located in southern Arkansas, and actively exploring promising lithium brine prospects in East Texas.
Standard Lithium trades on both the TSXV and the NYSE American under the symbol “SLI”. Please visit the Company’s website at www.standardlithium.com.
About Equinor
Equinor is an international energy company committed to long-term value creation in a low-carbon future. Equinor’s portfolio of projects encompasses oil and gas, renewables and low-carbon solutions, with an ambition of becoming a net-zero energy company by 2050. Headquartered in Norway, Equinor is the leading operator on the Norwegian continental shelf and has offices in more than 20 countries worldwide. Equinor’s partnership with Standard Lithium to mature DLE projects builds on its broad US energy portfolio of oil and gas, offshore wind, low carbon solutions and battery storage projects.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to intended development timelines,the timeline for completion of a Definitive Feasibility Study for the SWA Project, future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
Photos accompanying this announcement are available at:
LEWISVILLE, Ark., July 15, 2025 (GLOBE NEWSWIRE) — Smackover Lithium, a Joint Venture (“JV”) between Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE.A: SLI) and Equinor, is pleased to announce that it has completed sampling from its newest exploration well, the Lester well, in the South West Arkansas (SWA) Project area, and has recorded the highest lithium concentration reported to date from the SWA Project area; 616 mg/L lithium in brine.
The Lester well was completed in the second quarter of this year and concludes all sub-surface exploration activities for Phase 1 of the SWA Project. The location of the Lester well in relation to the SWA Phase 1 Project is shown in Figure 1 below, and an aerial photograph of the Lester well and associated pad is shown in Figure 2.
Sampling of brines from the upper Smackover Formation was completed by the Company, and subsequent analysis of the brine by an independent third-party certified laboratory demonstrated significantly higher than expected lithium concentrations in the Lester brine, marking the highest lithium grade reported for the SWA Project. The summarized lithium brine analyses are provided in Table 1 below which highlights the average lithium concentration from three brine samples was 582 mg/L.
Dr. Andy Robinson, President and COO of Standard Lithium stated, “The Smackover Lithium team has now completed all the fieldwork and testing required for Phase 1 of the SWA Project. We completed this final well in a part of the project area where we expected the lithium concentration to be approximately 500 mg/L, so we’re encouraged with these latest sampling results that show the highest lithium concentrations in the whole SWA Project area (maximum 616 mg/L), demonstrating a marked improvement from levels in the existing world-class lithium brine resource.
With all of the fieldwork complete, the joint Smackover Lithium team is working to complete the FEED study, with a Definitive Feasibility Study expected later in the third quarter of this year. The completion of these studies will represent a significant milestone as the team rapidly advances Phase 1 of the SWA Project through off-take negotiations and project finance towards a Final Investment Decision targeted by year-end 2025.”
Figure 1: SWA Project, Phase 1 Reynolds Unit and Location of Lester Well
Table 1: Lester Well Lithium Brine Analyses in SWA Phase 1 Project Area
Sample Name[1]
Lithium mg/L
Lester 2 #1
559
Lester 2 #2
571
Lester 2 #5
616
Average Concentration[2]
582
Notes: Analyses conducted at WETLAB (Western Environmental Testing Laboratory) – 475 E Greg St, Suite 119, Sparks NV 89431. [1] Sample names are as reported by the independent third party laboratory. Samples #3 and #4 were a blank sample and a synthetic spike sample, used for laboratory data verification and QA/QC purposes. They are omitted here for clarity. [2] A simple average concentration is provided from the Lester well for illustrative purposes of the general lithium brine quality in the Lester well. Porosity-weighted averages will be used in future resource quality estimates.
Figure 2: Aerial Photo of Lester Well in SWA Phase 1 Project
Notes: Photograph is taken looking approximately northeast across the Lester well-pad.
Qualified Person
Steve Ross, P.Geol., a Qualified Person as defined by NI 43-101, has reviewed and approved the relevant scientific and technical information that forms the basis for this news release. Mr. Ross is a consultant to the Company.
About Smackover Lithium
Smackover Lithium is a joint venture between Standard Lithium and Equinor. Formed in May 2024, Smackover Lithium is developing two Direct Lithium Extraction (“DLE”) Project Companies in southwest Arkansas and east Texas. Standard Lithium owns a 55% interest and Equinor holds the remaining 45% interest in the two Project Companies, with Standard Lithium maintaining operatorship.
About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated Direct Lithium Extraction and purification process. The Company’s flagship projects are located in the Smackover Formation, a world-class lithium brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor ASA, Standard Lithium is advancing the South West Arkansas project, a greenfield project located in southern Arkansas, and actively exploring promising lithium brine prospects in East Texas.
Standard Lithium trades on both the TSXV and the NYSE American under the symbol “SLI”. Please visit the Company’s website at www.standardlithium.com.
About Equinor
Equinor is an international energy company committed to long-term value creation in a low-carbon future. Equinor’s portfolio of projects encompasses oil and gas, renewables and low-carbon solutions, with an ambition of becoming a net-zero energy company by 2050. Headquartered in Norway, Equinor is the leading operator on the Norwegian continental shelf and has offices in more than 20 countries worldwide. Equinor’s partnership with Standard Lithium to mature DLE projects builds on its broad US energy portfolio of oil and gas, offshore wind, low carbon solutions and battery storage projects.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to intended development timelines,the timeline for completion of a Definitive Feasibility Study for the SWA Project, future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
Photos accompanying this announcement are available at:
MENLO PARK, Calif., July 15, 2025 (GLOBE NEWSWIRE) — Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today provided an operational and portfolio update for the quarter ended June 30, 2025.
“In the second quarter of 2025, Runway Growth demonstrated our focus on portfolio optimization as we added high quality names to our portfolio at attractive investment sizes. With the backing of the broader BC Partners platform, we are enhancing our origination channels and driving portfolio diversification by issuing smaller loans to late- and growth-stage businesses within technology, healthcare and select consumer sectors,” said David Spreng, Founder and CEO of Runway Growth. “We are pleased with the pipeline of opportunities we have generated since integrating onto the BC Partners platform and remain committed to upholding our rigorous underwriting standards and credit-first approach to portfolio management.”
Originations In the second quarter of 2025, Runway Growth funded three investments: two investments in new portfolio companies and one investment in an existing portfolio company. These include:
Completion of a new $40.0 million investment to Autobooks, Inc. (“Autobooks”), funding $27.0 million at close. Autobooks is a financial technology innovator providing integrated payment, invoice, and accounting solutions specifically tailored to small and medium sized businesses;
Completion of a new $20.0 million investment to Swing Education, Inc. (“Swing Education”), funding $8.0 million at close. Swing Education is a leading online marketplace that connects schools with qualified substitute teachers; and
Completion of a new $2.8 million investment to existing portfolio company, Marley Spoon SE.
Subsequent to quarter end, Runway Growth completed a new $10.0 million investment to Federal Hearings and Appeals Services (“FHAS”), funding $7.5 million at close. FHAS is a trusted national leader in providing business processing and outsourcing services to federal and state government agencies.
Liquidity Events During the second quarter of 2025, Runway Growth experienced the following liquidity events in its investment portfolio:
Full principal repayment of the Company’s senior secured term loan to SetPoint Medical Corporation of $25.0 million; and
Other scheduled loan principal amortization payments of $4.1 million.
Subsequent to quarter end, Runway Growth received a full principal repayment of the Company’s senior secured term loan to Nalu Medical Inc. of $21.1 million.
Portfolio Construction and Management Runway Growth is a credit-first organization, carefully structured to focus on what it believes to be the highest quality, late-stage companies in the venture debt market. The Company seeks to uphold industry-leading investment standards as well as disciplined underwriting and monitoring of its portfolio. Runway Growth is positioned as a preferred lender in the venture debt space, supporting and working closely with companies to help them reach their full growth potential. Since inception, the Company has focused on the fastest growing sectors of the economy, including healthcare, technology and select consumer services and products industries.
As of June 30, 2025, the Runway Growth portfolio included 48 debt investments to 31 portfolio companies and 89 equity investments in 49 portfolio companies, including 26 portfolio companies where Runway Growth holds both a debt and equity investment. Investments were comprised of late and growth-stage businesses in the technology, healthcare and select consumer services and products industries. Runway Growth’s normal business operations include frequent communication with portfolio companies.
About Runway Growth Finance Corp. Runway Growth is a growing specialty finance company focused on providing flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity. Runway Growth is a closed-end investment fund that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Runway Growth is externally managed by Runway Growth Capital LLC, an established registered investment adviser that was formed in 2015 and led by industry veteran David Spreng. For more information, please visit www.runwaygrowth.com.
Forward-Looking Statements Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in forward-looking statements as a result of a number of factors, including those described from time to time in Runway Growth’s filings with the Securities and Exchange Commission. Runway Growth undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Important Disclosures Strategies described involve special risks that should be evaluated carefully before a decision is made to invest. Not all of the risks and other significant aspects of these strategies are discussed herein. Please see a more detailed discussion of these risk factors and other related risks in the Company’s most recent annual report on Form 10-K in the section entitled “Risk Factors”, which may be obtained on the Company’s website, www.runwaygrowth.com, or the SEC’s website, www.sec.gov.
IR Contacts: Taylor Donahue, Prosek Partners, rway@prosek.com Thomas B. Raterman, Chief Financial Officer and Chief Operating Officer, tr@runwaygrowth.com
TAMPA, Fla., July 15, 2025 (GLOBE NEWSWIRE) — Upexi, Inc. (NASDAQ: UPXI) (the “Company” or “Upexi”), a brand owner specializing in the development, manufacturing and distribution of consumer products with diversification into the cryptocurrency space, today announced the closing of a private placement equity offering of 12,457,186 shares of common stock (the “Equity Offering”) with certain accredited investors, qualified purchasers and institutional investors, as well as Allan Marshall, the Company’s Chief Executive Officer and Gene Salkind, Director, for the purchase and sale of 12,457,186 shares of common stock at a price of $4.00 per share (and at a price of $4.94 per share for management and board participation) for aggregate gross proceeds of approximately $50 million, before deducting placement agent fees and other offering expenses.
The Company anticipates the previously disclosed closing of the $150 million convertible notes in exchange for Solana to be on or about July 16, 2025 (“Note Offering”).
The Company intends to use the proceeds from the Equity Offering to cover placement agent fees and offering related expenses, support general working capital needs, and allocate the balance of the net proceeds to advance the Company’s Solana treasury strategy.
A.G.P./Alliance Global Partners acted as the sole placement agent in connection with the offering.
The offer and sale of the foregoing securities was made in a transaction not involving a public offering, and the securities have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Upexi, Inc. Upexi is a brand owner specializing in the development, manufacturing, and distribution of consumer products. The Company has entered the Cryptocurrency industry and cash management of assets through a Cryptocurrency Portfolio. For more information on Upexi’s treasury strategy and future developments, visit www.upexi.com.
Forward Looking Statements This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. For example, the Company is using forward looking statements when it discusses the expected closing of the previously announced $150 Million convertible note offering and the anticipated use of proceeds. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with business strategy, potential acquisitions, revenue guidance, product development, integration, and synergies of acquiring companies and personnel. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Company Contact Brian Rudick, Chief Strategy Officer Email:brian.rudick@upexi.com Phone: (216) 347-0473
Media Contact Gasthalter & Co. Upexi@gasthalter.com
Investor Relations Contact KCSA Strategic Communications Valter Pinto, Managing Director Email: Upexi@KCSA.com Phone: (212) 896-1254
TAMPA, Fla., July 15, 2025 (GLOBE NEWSWIRE) — Upexi, Inc. (NASDAQ: UPXI) (the “Company” or “Upexi”), a brand owner specializing in the development, manufacturing and distribution of consumer products with diversification into the cryptocurrency space, today announced the closing of a private placement equity offering of 12,457,186 shares of common stock (the “Equity Offering”) with certain accredited investors, qualified purchasers and institutional investors, as well as Allan Marshall, the Company’s Chief Executive Officer and Gene Salkind, Director, for the purchase and sale of 12,457,186 shares of common stock at a price of $4.00 per share (and at a price of $4.94 per share for management and board participation) for aggregate gross proceeds of approximately $50 million, before deducting placement agent fees and other offering expenses.
The Company anticipates the previously disclosed closing of the $150 million convertible notes in exchange for Solana to be on or about July 16, 2025 (“Note Offering”).
The Company intends to use the proceeds from the Equity Offering to cover placement agent fees and offering related expenses, support general working capital needs, and allocate the balance of the net proceeds to advance the Company’s Solana treasury strategy.
A.G.P./Alliance Global Partners acted as the sole placement agent in connection with the offering.
The offer and sale of the foregoing securities was made in a transaction not involving a public offering, and the securities have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Upexi, Inc. Upexi is a brand owner specializing in the development, manufacturing, and distribution of consumer products. The Company has entered the Cryptocurrency industry and cash management of assets through a Cryptocurrency Portfolio. For more information on Upexi’s treasury strategy and future developments, visit www.upexi.com.
Forward Looking Statements This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. For example, the Company is using forward looking statements when it discusses the expected closing of the previously announced $150 Million convertible note offering and the anticipated use of proceeds. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with business strategy, potential acquisitions, revenue guidance, product development, integration, and synergies of acquiring companies and personnel. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Company Contact Brian Rudick, Chief Strategy Officer Email:brian.rudick@upexi.com Phone: (216) 347-0473
Media Contact Gasthalter & Co. Upexi@gasthalter.com
Investor Relations Contact KCSA Strategic Communications Valter Pinto, Managing Director Email: Upexi@KCSA.com Phone: (212) 896-1254
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People’s Republic of China – State Council News
BEIJING, July 15 (Xinhua) — Two special trains on the China-Europe international rail freight route arrived one after another at the Multimodal Transport Center of the China-SCO Regional Economic and Trade Cooperation Demonstration Zone (hereinafter referred to as the China-SCO Demonstration Zone), delivering more than 3,100 tons of feed wheat flour from Kazakhstan to Shandong Province, east China. After unloading, the goods were stored in a warehouse in the national logistics hub park for China-Europe trains in Qingdao, east China, marking the official opening of the warehouse-shipment-trade integrated service for goods transported along the aforementioned China-Europe routes.
According to the Qingdao Daily newspaper, the “warehouse-transportation-trade” format in the context of international China-Europe rail freight transportation implies the close integration of three links – warehousing, transportation and trade – into a single, highly efficient and coordinated trade and logistics ecosystem within the framework of the operation of the aforementioned trains. Such an integrated service allows for the optimization of resource allocation, reduction of intermediate links and significant improvement of overall operational efficiency.
According to a representative of Shandong Hi-Speed Group, the company has currently developed a comprehensive solution for the entire process in the format of “warehouse-transportation-trade” for a customer of feed wheat flour from Kazakhstan, taking into account customer needs.
Zang Yuanqi, an official with the China-SCO Demonstration Zone Management Committee, said the zone will give full play to its public good character, accelerate the construction of the Qingdao hub, and develop and strengthen new business models such as the integration of transportation and trade to accurately and efficiently serve the country’s foreign trade enterprises. -0-
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
Helsinki, July 15, 2025 – Virtune, the Swedish regulated crypto asset manager, announces the listing of its latest exchange-traded product, the Virtune Coinbase 50 Index ETP, on Nasdaq Helsinki traded in EUR. This listing marks a major milestone for Virtune’s continued growth in the Finnish market and reinforces its position as a leading issuer of regulated, physically backed crypto ETPs in the Nordics.
The product is now available to Finnish investors via brokers and banks such as Nordnet.
Virtune has worked closely with Coinbase since its inception, collaborating across all key areas – staking, trading, and custody. The launch of the Virtune Coinbase 50 Index ETP marks the next step in strengthening this partnership. It is the world’s first exchange-traded product to track the Coinbase 50 Europe Index – a broadly diversified benchmark of up to 50 leading crypto assets. The index is developed by Coinbase and administered by MarketVector Indexes™. The ETP currently holds 21 crypto assets, with the target to expand to all 50 assets pending regulatory and exchange approvals.
The Coinbase 50 Europe Index aims to provide investors with representative exposure to the most significant and relevant digital assets in the market. The product is tailored for both institutional and retail investors seeking regulated, transparent, and professional exposure to the crypto market.
“Listing our Coinbase 50 Index ETP on Nasdaq Helsinki marks a significant milestone in our mission to provide secure and regulated access to digital assets investments in Finland. We are thrilled to bring this flagship product to the Finnish market, allowing investors to trade it in EUR on Nasdaq Helsinki.”
The Virtune Coinbase 50 Index ETP is 100% physically backed by the underlying crypto assets, securely stored in cold-storage with Coinbase, and carries a competitive annual management fee of 0.95%.
Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We’re updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules to make the benefits of crypto available around the world.
Brett Tejpaul, Head of Coinbase Institutional:
“With the launch of the Virtune Coinbase 50 Index ETP in Nordics, we’re making one of the most comprehensive benchmarks for the crypto market directly accessible to investors across the Nordics. This marks a major step forward in our mission to expand global access to digital assets and provide institutional-grade tools for navigating this evolving asset class. The introduction of this ETP reinforces our commitment to bridging traditional financial infrastructure with the growing demand for regulated, secure exposure to the digital economy.”
About MarketVector:
MarketVector IndexesTM (“MarketVector”) is a regulated Benchmark Administrator in Europe, incorporated in Germany and registered with the Federal Financial Supervisory Authority (BaFin). MarketVector maintains indexes under the MarketVectorTM, MVIS®, and BlueStar® names. With a mission to accelerate index innovation globally, MarketVector is best known for its broad suite of Thematic indexes, a long-running expertise in Hard Asset-linked Equity indexes, and its pioneering Digital Asset index family. MarketVector is proud to be in partnership with more than 25 Exchange-Traded Product (ETP) issuers and index fund managers in markets throughout the world, with more than USD 57 billion in assets under management.
Martin Leinweber, Director, Digital Asset Research and Strategy, MarketVector:
“The Virtune Coinbase 50 Index ETP marks a significant step forward for crypto investment in Europe, offering broad, institutional-grade exposure to digital assets through a single, efficient product. This milestone combines MarketVector’s index expertise, Coinbase’s market infrastructure, and Virtune’s transparent, regulated approach. We’re proud to deepen our partnership with Virtune by becoming the index provider for their entire range of crypto ETPs across Europe. Together, we’re delivering the tools institutional and retail investors need to navigate the digital asset landscape with greater confidence and clarity.”
Key Information about the Product:
Exposure: Up to 50 leading crypto assets in a single product
Underlying assets: 100% physically backed by the underlying crypto assets
Custody: Institutional-grade custody by Coinbase
Management fee: 0.95% per annum
Trading currency: EUR
First day of trading on Nasdaq Helsinki: Tuesday, July 15, 2025
Bloomberg Ticker: VCOIN50
ISIN: SE0024738389
WKN: A4A5D4
Exchange ticker: VCOIN50E
Exchanges: Nasdaq Helsinki, Nasdaq Stockholm, Deutsche Börse Xetra, Euronext Amsterdam, Euronext Paris
In addition to the Virtune Coinbase 50 Index ETP, Virtune already has the following physically backed crypto ETPs listed on Nasdaq Helsinki:
Virtune Bitcoin ETP
Virtune XRP ETP
Virtune Crypto Altcoin Index ETP
Virtune Staked Solana ETP
Virtune Staked Ethereum ETP
Virtune Staked Cardano ETP
Virtune Avalanche ETP
Virtune Chainlink ETP
For inquiries, please contact:
Christopher Kock, CEO & Member of the Board of Directors +46 70 073 45 64 christopher@virtune.com
About Virtune AB (Publ):
Virtune, headquartered in Stockholm, is a regulated Swedish digital asset manager and issuer of crypto exchange-traded products on regulated European exchanges. Through regulatory compliance, strategic partnerships, and a highly experienced team, Virtune empowers global investors to access innovative and professional investment products aligned with the evolving global crypto market.
Crypto investments involve high risk. Virtune does not provide investment advice; investments are made at your own risk. The value of securities may rise or fall, and there is no guarantee of recovering invested capital. Please read the prospectus, KID, and terms at virtune.com. The Coinbase 50 Europe Index (“Index”) is the exclusive property of MarketVector Indexes GmbH (“MarketVector”) and its Licensors and has been licensed for use by Virtune AB (Publ) (“Licensee”).
MarketVector has contracted with CC Data Limited to maintain and calculate the Index. CC Data Limited uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MarketVector, CC Data Limited has no obligation to point out errors in the Index to third parties. In particular, MarketVector is not responsible for the Licensee and/or for Licensee’s legality or suitability and/or for Licensee’s business offerings. Offerings by Licensee, may they be based on the Virtune Coinbase 50 Europe ETP (“Product”) or not, are not sponsored, endorsed, sold, or promoted by MarketVector and any of its affiliates, and MarketVector and any of its affiliates make no representation regarding the advisability of investing in Licensee and/or in Licensee’s business offerings. MARKETVECTOR AND ANY OF ITS AFFILIATES AND ANY OF ITS LICENSORS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO LICENSEE.
FREMONT, Calif., July 15, 2025 (GLOBE NEWSWIRE) — Enovix Corporation (Nasdaq: ENVX) (“Company” or “Enovix”), a global high-performance battery company, today released a supplemental Frequently Asked Question (FAQ) document relating to the previously announced warrant dividend distribution. The supplemental FAQ provides important clarifications on logistical and eligibility-related topics raised by shareholders and brokers, including:
Potential limitations for shareholders who hold Enovix stock in margin accounts
Timing of share purchases in relation to warrant eligibility
“This update reflects our commitment to ensuring a smooth and transparent experience for our shareholders as we approach the warrant dividend record date,” said Ryan Benton, CFO of Enovix. “In particular, we want to raise awareness of how certain brokerage practices—such as securities lending in margin accounts—could prevent shareholders from receiving exercisable warrants unless proactive steps are taken.”
Shareholders are encouraged to review the new supplement along with the original FAQ, which are both available on the Investor Relations page (https://ir.enovix.com) (https://www.enovix.com/enovix-warrant-dividend/), and in addition, to contact their broker directly with any specific questions about their account status.
Details of Warrant Distribution Stockholders will receive one (1) warrant for each seven (7) shares of common stock held as of the record date of July 17, 2025, rounded down to the nearest whole number for any fractional warrant. As an example, a stockholder who owns 1,000 shares of common stock would receive 142 warrants, and a stockholder who owns 7,000 shares of common stock would receive 1,000 warrants.
Holders of the Convertible Notes as of the record date will also receive warrants based on the same ratio in the manner determined by the indenture governing the Convertible Notes. As an example, holders of each $1,000 face amount of Convertible Notes will receive 9.1543 warrants, rounded down to the nearest whole number for any fractional warrant.
After the distribution date, warrant holders may exercise their warrants for cash as specified under the terms of the warrant agreement that we expect to file with the U.S. Securities and Exchange Commission (“SEC”) by the distribution date.
The Early Expiration Price Condition will be deemed satisfied if, during any period of twenty (20) out of thirty (30) consecutive trading days, the VWAP of the common stock equals or exceeds $10.50 (the “Early Expiration Trigger Price”) whether or not consecutive (such final day, the “Early Expiration Price Condition Date”). If this condition is met, the warrants will expire at 5:00 p.m. New York City time on the Business Day immediately following the Early Expiration Price Condition Date or such other date as the Company may elect in accordance with the warrant agreement.
If the Early Expiration Price Condition occurs, Enovix will make a public announcement to that effect, which will include the corresponding expiration date.
Otherwise, the warrants will expire at 5:00 pm EST on October 1, 2026.
About Enovix Corporation
Enovix is a leader in advancing lithium-ion battery technology with its proprietary 3D cell architecture designed to deliver higher energy density and improved safety. The Company’s breakthrough silicon-anode batteries are engineered to power a wide range of devices from wearable electronics and mobile communications to industrial and electric vehicle applications. Enovix’s technology enables longer battery life and faster charging, supporting the growing global demand for high-performance energy storage. Enovix holds a robust portfolio of issued and pending patents covering its core battery design, manufacturing process, and system integration innovations. For more information, visit https://www.enovix.com.
No Offer or Solicitation
This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The issuance of the warrants has not been registered under the Securities Act of 1933, as amended (the “Securities Act”), as the distribution of a warrant for no consideration does not constitute a sale of a security under Section 2(a)(3) of the Securities Act. A Form 8-A registration statement and prospectus supplement describing the terms of the warrants will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Holders should read the prospectus supplement carefully, including the Risk Factors section included and incorporated by reference therein. This press release contains a general summary of the warrants. Please read the warrant agreement when it becomes available as it will contain important information about the terms of the warrants.
Forward‐Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about us, the warrant dividend and our business that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance and can be identified by words such as anticipate, believe, continue, could, estimate, expect, intend, may, might, plan, possible, potential, predict, should, would and similar expressions that convey uncertainty about future events or outcomes. Forward-looking statements in this press release include, without limitation, our expectations regarding the warrant dividend distribution; the anticipated distribution date; the potential limitations of the distribution for shareholders who hold Enovix stock in margin accounts; our ability to provide clarification on logistical and eligibility-related topics raised by shareholders and brokers, including, without limitation, the timing of share purchases in relation to warrant dividend eligibility; the acceptance to trading of the warrants on the Nasdaq Stock Market, the existence of a market for the warrants; and our ability to raise awareness of relevant brokerage practices and commitment to facilitating a seamless process for our shareholders as we approach the warrant dividend distribution date. Actual results and outcomes could differ materially from these forward-looking statements as a result of certain risks and uncertainties, including, without limitation, those risks and uncertainties and other potential factors set forth in our filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our most recently filed annual report on Form 10-K and quarterly reports on Form 10-Q and other documents that we have filed, or that we will file, with the SEC. For a full discussion of these risks, please refer to Enovix’s filings with the SEC, including its most recent Form 10-K and Form 10-Q, available at https://ir.enovix.com and www.sec.gov. Any forward-looking statements made by us in this press release speak only as of the date on which they are made and subsequent events may cause these expectations to change. We disclaim any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise, except as required by law.
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People’s Republic of China – State Council News
BEIJING, July 15 (Xinhua) — The China-Shanghai Cooperation Organization (SCO) Forum on Interregional Economic and Trade Cooperation will be held in Qingdao, east China’s Shandong Province, on July 17-18, according to the Commerce Department of East China’s Shandong Province.
The event, hosted by the Shandong Provincial Government and supported by the Qingdao City Government, is held under the theme of “Jointly Seeking Regional Cooperation, Together for Innovative Development.” Its aim is to strengthen the platform for economic and trade cooperation between Shandong and the regions of the SCO countries.
As it became known, four dialogue meetings on international cooperation in the areas of logistics and transport, new energy, mechanical engineering technologies and digital economy are planned within the framework of the forum. These platforms are designed to ensure practical interaction between the participants.
At present, the SCO Secretary General and the heads of 9 regions/provinces, regions, cities/countries of the organization have confirmed their participation in the forum. Minsk/Belarus/ will act as the main guest region and will hold a special presentation within the framework of the event. In addition, the forum will be attended by heads of ministries and state committees of the PRC, representatives of leading Chinese enterprises and research institutes.
As part of the business program, the Shandong Provincial Commerce Department and the Qingdao Government will jointly organize a series of related events, including the 4th SCO International Trade and Investment Fair.
The holding of this forum will contribute to deepening cooperation between Shandong and the SCO countries in the economic, trade and industrial spheres, giving new impetus to the economic development of the region. -0-
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People’s Republic of China – State Council News
BEIJING, July 15 (Xinhua) — The China-Shanghai Cooperation Organization (SCO) Forum on Interregional Economic and Trade Cooperation will be held in Qingdao, east China’s Shandong Province, on July 17-18, according to the Commerce Department of East China’s Shandong Province.
The event, hosted by the Shandong Provincial Government and supported by the Qingdao City Government, is held under the theme of “Jointly Seeking Regional Cooperation, Together for Innovative Development.” Its aim is to strengthen the platform for economic and trade cooperation between Shandong and the regions of the SCO countries.
As it became known, four dialogue meetings on international cooperation in the areas of logistics and transport, new energy, mechanical engineering technologies and digital economy are planned within the framework of the forum. These platforms are designed to ensure practical interaction between the participants.
At present, the SCO Secretary General and the heads of 9 regions/provinces, regions, cities/countries of the organization have confirmed their participation in the forum. Minsk/Belarus/ will act as the main guest region and will hold a special presentation within the framework of the event. In addition, the forum will be attended by heads of ministries and state committees of the PRC, representatives of leading Chinese enterprises and research institutes.
As part of the business program, the Shandong Provincial Commerce Department and the Qingdao Government will jointly organize a series of related events, including the 4th SCO International Trade and Investment Fair.
The holding of this forum will contribute to deepening cooperation between Shandong and the SCO countries in the economic, trade and industrial spheres, giving new impetus to the economic development of the region. -0-
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
BATON ROUGE, La., July 15, 2025 (GLOBE NEWSWIRE) — b1BANK, the banking subsidiary of Business First Bancshares, Inc. (Nasdaq: BFST), announced the promotion of Heather Roemer to executive vice president and chief administrative officer.
Roemer oversees the teams responsible for business transformation programs and product management, marketing and communications, and human resources and talent development, and continues to serve as president of b1 FOUNDATION. In her expanded role, she helps align people, priorities and operations across the organization, and serves on various steering committees focused on the bank’s strategic direction.
“Heather combines institutional knowledge, operational excellence and a deep sense of care for our people and communities,” said Jude Melville, chairman and CEO of b1BANK. “She has helped shape the culture and infrastructure that support our mission, and I’ve asked her to take on the critical responsibility of leading integrations as we continue to expand through acquisitions. I look forward to the impact she will have on the direction of our organization in this role.”
Over the past 16 years, Roemer has played a key role in the bank’s growth and community engagement, helping shape its culture, operations and long-term vision. A founding leader of b1 FOUNDATION, she has led initiatives focused on financial literacy, entrepreneurship education and community empowerment throughout the bank’s footprint.
“I am honored to step into this role and continue building on the strong foundation we’ve created together at b1BANK,” Roemer said. “As we look ahead, I’m excited to work with our talented team to further strengthen our organization and deepen our impact in the communities we serve.”
Roemer is a graduate of the Southwestern Graduate School of Banking at Southern Methodist University, where she served as class president. She also holds a degree from Louisiana State University.
About Business First Bancshares Inc. As of March 31, 2025, Business First Bancshares Inc. (Nasdaq: BFST), through its banking subsidiary b1BANK, has $7.8 billion in assets and $7.1 billion in assets under management through b1BANK’s affiliate Smith Shellnut Wilson LLC (SSW), excluding $0.9 billion of b1BANK assets managed by SSW. b1BANK operates banking centers and loan production offices across Louisiana and Texas, providing commercial and personal banking products and services. b1BANK is a 2024 Mastercard “Innovation Award” winner and a multiyear recipient of American Banker magazine’s “Best Banks to Work For.” Visit b1BANK.com for more information.
Media Contact:Misty Albrecht b1BANK 225.286.7879 Misty.Albrecht@b1BANK.com
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People’s Republic of China – State Council News
WASHINGTON, July 15 (Xinhua) — U.S. President Donald Trump appeared to be losing patience with his Russian counterpart Vladimir Putin, expressing frustration on Monday just hours after threatening to impose “harsh tariffs” on Russia.
“I’m disappointed in him, but I’m not done with him. But I’m disappointed in him,” Trump said in an interview with the BBC.
Hours earlier, during a meeting with NATO Secretary General Mark Rutte in the Oval Office, the US president warned that the US would impose very tough tariffs if a ceasefire agreement in Ukraine was not reached within 50 days.
US Commerce Secretary Howard Lutnick later clarified that Trump actually meant “economic sanctions” when he threatened “secondary tariffs” against Russia, The Washington Times reports.
After a telephone conversation with D. Trump, Ukrainian President Volodymyr Zelensky expressed gratitude to the US President on the X social network for his “willingness to support Ukraine” and welcomed their strong relations. –0–
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
SAN DIEGO, CA, July 15, 2025 (GLOBE NEWSWIRE) — RYVYL Inc. (NASDAQ: RVYL) (“RYVYL” or the “Company”), a leading innovator of payment transaction solutions leveraging electronic payment technology, today announced the pricing of its public offering of an aggregate of 15,384,615 shares of common stock (or prefunded warrants in lieu thereof) and warrants to purchase up to 15,384,615 shares of common stock, at a combined public offering price of $0.39 per share and accompanying warrant. The warrants will have an exercise price of $0.39 per share, will be immediately exercisable upon issuance, and will expire on the five-year anniversary of the original issuance date.
The gross proceeds from the offering, before deducting placement agent fees and other offering expenses, are expected to be approximately $6.0 million. The closing of the offering is expected to occur on or about July 16, 2025, subject to the satisfaction of customary closing conditions.
Maxim Group LLC is acting as the sole placement agent in connection with the offering.
A registration statement on Form S-1 (File No. 333- 284986) was filed with the U.S. Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on July 14, 2025. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. The offering is being made only by means of a prospectus forming part of the effective registration statement. Electronic copies of the prospectus relating to this offering, when available, may also be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022, Attention: Syndicate Department, by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction or qualification under the securities laws of any such state or jurisdiction.
About RYVYL
RYVYL Inc. (NASDAQ: RVYL) was born from a passion for empowering a new way to conduct business-to-business, consumer-to-business, and peer-to-peer payment transactions around the globe. By leveraging electronic payment technology for diverse international markets, RYVYL is a leading innovator of payment transaction solutions reinventing the future of financial transactions. Since its founding as GreenBox POS in 2017 in San Diego, RYVYL has developed applications enabling an end-to-end suite of turnkey financial products with enhanced security and data privacy, world-class identity theft protection, and rapid speed to settlement. As a result, the platform can log immense volumes of immutable transactional records at the speed of the internet for first-tier partners, merchants, and consumers around the globe. www.ryvyl.com
This press release includes information that constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company’s current beliefs, assumptions and expectations regarding future events, which in turn are based on information currently available to the Company. Such forward-looking statements include statements that are characterized by future or conditional words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate” and “continue” or similar words. Factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, among other things statements regarding the completion of the offering and the satisfaction of customary closing conditions related to the offering. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information.
By their nature, forward-looking statements address matters that are subject to risks and uncertainties. A variety of factors could cause actual events and results to differ materially from those expressed in or contemplated by the forward-looking statements. Risk factors affecting the Company are discussed in detail in the Company’s filings with the SEC, including those factors identified as “risk factors” in the preliminary prospectus related to this offering, our most recent Annual Report on Form 10-K, and subsequent Quarterly Reports on Form 10-Q. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.
Because the final version of the legislation moved swiftly through the Senate and the House, estimates regarding the number of people likely to lose their health insurance coverage were incomplete when Congress approved it by razor-thin margins. Nearly 12 million Americans could lose their health insurance coverage by 2034 due to this legislation, according to the nonpartisan Congressional Budget Office.
Work requirements target people eligible for Medicaid through the Affordable Care Act’s expansion. They tend to have slightly higher incomes than other people enrolled in the program.
Medicaid applicants who are between 19 and 64 years old will need to certify they are working at least 80 hours a month or spending that much time engaged in comparable activities, such as community service.
When these rules have been introduced to other safety net programs, most people lost their benefits due to administrative hassles, not because they weren’t logging enough hours on the job. Experts like me expect to see that occur with Medicaid too.
The new policies also make it harder for states to pay for Medicaid, which is run by the federal government and the states. They do so by limiting the taxes states charge medical providers, which are used to fund the states’ share of Medicaid funding. With less funding, some states may try to reduce enrollment or cut benefits, such as home-based health care, in the future.
Losing Medicaid coverage may leave millions of low-income Americans without insurance coverage, with no affordable alternatives for health care. Historically, the people who are most likely to lose their benefits are low-income people of color or immigrants who do not speak English well.
A supporter of the Affordable Care Act stands in front of the Supreme Court building on Nov. 10, 2020. Samuel Corum/Getty Images
Should they exit, there would be fewer choices and higher premiums for people getting their insurance this way. It could also mean that some counties could have no ACA plans offered at all.
Ramifications for the uninsured and rural hospitals
Having to struggle to pay the kinds of high medical bills people without insurance face takes a physical, mental and financial toll, not just on people who become uninsured but also their families and friends. It also harms medical providers that don’t get reimbursed for their care.
Public health scholars like me have no doubt that many hospitals and other health care providers will have to make tough choices. Some will close. Others will offer fewer services and fire health care workers. Emergency room wait times will increase for everyone, not just people who lose their health insurance due to changes in Trump’s tax and spending package.
Rural hospitals play a crucial role in health care access.
Republicans tried to protect rural hospitals by designating $50 billion in the legislative package for them over 10 years. But this funding comes nowhere near the $155 billion in losses KFF expects those health care providers to incur due to Medicaid cuts. Also, the funding comes with a number of restrictions that could further limit its effectiveness.
What’s next
Some Republicans, including Sens. Mike Crapo and Ron Johnson, have already indicated that more health care policy changes could be coming in another large legislative package.
Moving forward, spending on Medicare, the insurance program that primarily covers Americans 65 and older, could decline too. Without any further action, the CBO says that the law could trigger an estimated $500 billion in mandatory Medicare cuts from 2026 to 2034 because of the trillions of dollars in new federal debt the law creates.
Simon F. Haeder has previously received funding from the Centers for Medicare and Medicaid Services, the Pennsylvania Insurance Department, and the Robert Wood Johnson Foundation for unrelated projects.
Government has made regulatory changes that protect homebuilders’ projects from increases in Metro Vancouver Regional District development cost charges, freeing up hundreds of millions of dollars in capital to invest in additional new homes.
Eligible projects now will be protected from increases to development cost charges for 24 months instead of the previous 12. This will help to ensure that homebuilders, future homebuyers, renters and tradespeople in Metro Vancouver will have more certainty that housing projects, which are planned or under construction, will continue to be built.
“There’s no question that global financial uncertainty and rising costs of goods and skilled labour have challenged the housing market in cities all over the world,” said Ravi Kahlon, Minister of Housing and Municipal Affairs. “In B.C., we’re looking for new ways every day to make sure people can live in homes they can afford. That’s why we’re taking more steps to ensure major housing projects in our biggest region have the financial certainty they need to succeed.”
The change supports the Metro Vancouver Regional District’s eligibility for $250 million in federal infrastructure funding, while granting eligible homebuilders an extra year to access the lower development cost charge rates. Using federal funding in this way ensures that Metro Vancouver can continue to upgrade critical infrastructure without increasing costs for residents or future homebuyers.
“Metro Vancouver is committed to supporting the delivery of more affordable and diverse housing options across the region,” said Mike Hurley, chair, board of directors, Metro Vancouver. “Development cost charges are essential for funding the critical housing enabling infrastructure and aligning to the commitment of growth paying for growth — such as water, wastewater treatment, and parks — that keeps our region livable, while balancing affordability. Allowing more time to continue paying 2024 rates offers developers more financial certainty for eligible developments, which can help to advance housing, support local jobs, and stimulate the economy.”
This builds on recent changes to another provincial regulation to further reduce the cost of delivering new homes for people by allowing B.C. homebuilders to delay paying 75% of development fees as long as four years or until occupancy, whichever comes first.
The Province is doing its part to reduce barriers, support housing development and encourage developers to take advantage of these changes to help ensure the benefits are felt by future homeowners. These measures are part of B.C.’s work to help deliver more homes and address key infrastructure needs during uncertain financial times.
Quotes:
Anne McMullin, president and CEO, Urban Development Institute–
“Extending the instream protection period for Metro Vancouver’s DCC increase is a meaningful step that reflects the realities of today’s development environment. Current high-cost conditions have placed significant pressure on project viability, and without this change, many projects would not have been able to proceed. This change demonstrates a practical understanding of the barriers facing the industry and helps ease some of the immediate pressure on projects, so they can move forward.”
Duncan Wlodarczak, chief of staff, Onni Group–
“This protection will help ensure our existing project pipeline can continue with less uncertainty. This means we can keep working to build more housing people need. Minister Kahlon and the Province have demonstrated an openness in these uncertain economic times to have productive conversations on steps they can take to provide relief to homebuilders. We look forward to making projects more viable, activate much needed economic activity, and deliver the necessary housing needed in the region.”
Rick Ilich, CEO, Townline–
“Bold moves like today’s announcement bring cost clarity for every project that is in the queue for building permits. Minister Kahlon understands that the cost of delivery of new housing is a major obstacle in cities achieving mandated housing supply. For companies like Townline, this added certainty supports the viability of projects in our pipeline and helps protect thousands of jobs across the region. Coupled with deferring DCC and ACC payments, it delivers timely support for much-needed housing delivery.”
Colin Bosa, CEO, Bosa Properties –
“This extension of DCC protection to 24 months is a positive step for housing development in Metro Vancouver, improving our collective ability to move forward and support more housing and construction activity across the region. We look forward to continued collaboration with all levels of government to address broader housing challenges and deliver more homes for British Columbians.”
Quick Facts:
An order-in-council will bring into force provisions of the Miscellaneous Statutes Amendment Act, 2025 (Bill 13), which received royal assent on May 29, 2025.
Homebuilders who submitted an application before March 22, 2024, and were issued permits between March 23, 2025, and March 22, 2026, will benefit from having lower development cost charge rates than new projects.
As part of the federal government’s funding agreement toward the Iona Island Wastewater Treatment Plant project, the governments of Canada and British Columbia negotiated terms that better support communities throughout the province.
This change applies only to Metro Vancouver Regional District, Greater Vancouver Water District, and Greater Vancouver Sewerage and Drainage District development cost charges bylaws currently in effect.
Learn More:
Information about the development cost charges can be found here: https://www2.gov.bc.ca/gov/content/governments/local-governments/finance/local-government-development-financing/development-cost-charges
To learn about the steps the Province is taking to tackle the housing crisis and deliver affordable homes for people in British Columbia, visit: https://strongerbc.gov.bc.ca/housing/
Information about Bill 13 – 2025, Miscellaneous Statutes Amendment Act, 2025 can be found here: https://www.leg.bc.ca/parliamentary-business/overview/43rd-parliament/1st-session/bills/1st_read/gov13-1.htm
Source: The Conversation – USA (2) – By Andrew J. Hoffman, Holcim (US) Professor of Sustainable Enterprise, Ross School of Business, School for Environment & Sustainability, University of Michigan
Questions about the role of business education have led to introspection among business school leaders and researchers.Supatman/iStock via Getty Images
Programs to help students discern their vocation or calling are gaining prominence in higher education.
According to a 2019 Bates/Gallup poll, 80% of college graduates want a sense of purpose from their work. In addition, a 2023 survey found that 50% of Generation Z and millennial employees in the U.K. and U.S. have resigned from a job because the values of the company did not align with their own.
These sentiments are also found in today’s business school students, as Gen Z is demanding that course content reflect the changes in society, from diversity and inclusion to sustainability and poverty. According to the Financial Times, “there may never have been a more demanding cohort.”
Historically, studies have shown that business school applicants have scored higher than their peers on the “dark triad” traits of narcissism, psychopathy and Machiavellianism. These traits can manifest themselves in a tendency toward cunning, scheming and, at times, unscrupulous behavior.
Over the course of their degree program, other studies have found that business school environments can amplify those preexisting tendencies while enhancing a concern for what others think of them.
And these tendencies stick after graduation. One study examined 9,900 U.S. publicly listed firms and separated the sample by those run by managers who went to business school and those whose managers did not. While they found no discernible difference in sales or profits between the two samples, they found that labor wages were cut 6% over five years at companies run by managers who went to business school, while managers with no business degree shared profits with their workers. The study concludes that this is the result “of practices and values acquired in business education.”
Those who have decided it is worth the high cost either complain of its lack of rigor, relevance and critical thinking or use it merely for access to networks for salary enhancement, treating classroom learning as less important than attending recruiting events and social activities.
This is concerning because of the outsized role that business leaders play in today’s society: allocating capital, developing and deploying new technologies and influencing political and social debates.
At times, this role is a positive one, but not always. Distrust follows that uncertainty.
Facing this reality, business educators are beginning to reexamine how to nurture business leaders who view business not only as a means to making money but also as a vehicle in service to society.
Business schools have often included ethics courses in their curriculum, often with limited success. What some schools are experimenting with is character formation.
As part of this experimentation is the development of a coherent moral culture that lies within the course curriculum but also within the cocurricular programming, cultural events, seminars and independent studies that shape students’ worldviews; the selection, socialization, training and reward systems for students, staff and faculty; and other aspects that shape students’ formation.
Stanford’s Bill Damon, one of the leading scholars on helping students develop a sense of purpose in life, describes a revised role for faculty in this effort, one of creating the fertile conditions for students to find meaning and purpose on their own.
This is relational teaching that artificial intelligence cannot do. It involves bringing the whole person into the education process, inspiring hearts as much as engaging heads to form competent leaders who possess character, judgment and wisdom.
It allows an examination of both the how and the why of business, challenging students to consider what kind of business leader they aspire to be and what kind of legacy they wish to establish.
These are but a few examples of a growing movement. So, the building blocks are there to draw from. The student demand is waiting to be met. All that is needed is for more business schools to respond.
Andrew J. Hoffman does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Pro-Palestinian supporters march outside Columbia University in September 2024.AP Photo/Yuki Iwamura
In spring 2024, pro-Palestinian student encampments that began at Columbia and Harvard spread to university campuses throughout the U.S. as Israel invaded Gaza in response to Hamas’ Oct. 7, 2023, surprise attack. At least 100 campuses had encampments for at least a few days during this period.
In spring 2024, Ohio State University’s College Impact Laboratory, where we all work, surveyed universities to learn more about whether their campuses experienced protests, what happened and how they handled them. Part of our goal was to understand how spiritual leaders played a role, if any, in managing the protests. We’ve been analyzing the data ever since. The results from those who responded point to several lessons universities could learn from to avoid violence in future protests.
Often, these protests reflect broader societal tensions, and how universities respond has played a significant role in shaping their outcomes.
Historically, protests have been most likely to escalate when students feel unheard. In contrast, institutions that adopt proactive strategies, such as facilitating conversations or including students in decision-making, often experience better outcomes.
A George Washington University student carries a Palestinian flag at a student encampment protesting the Israel-Hamas war in May 2024. AP Photo/Jose Luis Magana
Snapshot of the pro-Palestinian protests
As our survey data shows, the pro-Palestinian protests illustrate this dynamic.
To gather data, the College Impact Laboratory sent questionnaires to administrators at the 329 universities that participate in our Interfaith Spiritual, Religious and Secular Campus Climate Index, also known as the INSPIRES Index, as well as hundreds of colleges and universities in our recruitment database.
In all, 35 schools responded to our 23-question survey. Of those, we found that most protests were led by students, half lasted less than a week, and the vast majority were nonviolent. Fifteen did not have protests, while the rest did. While the number of institutions that participated in this survey is relatively small, it does give us key insights into what schools were thinking.
Half of the campuses with protests reported law enforcement involvement – either campus police or city officers – with 20% experiencing physical altercations between protesters and police. Other disruptive actions such as academic interruptions, vandalism, physical violence and doxxing were reported with varying frequencies.
Protests at campuses that participated in our survey peaked during April and May 2024, with 70% of them experiencing demonstrations in these months.
Here are three takeaways from the survey, suggesting steps universities can take before and during future protests to avoid escalation:
1. Involve students in guidelines for engagement – early
At every surveyed institution that reported protests, students were at the forefront of organizing and leading these efforts.
Yet, despite this clear student leadership, about one-third of institutions said they didn’t consult with students to establish guidelines for engagement. Those that did invited representatives from student organizations or student government officers into the policymaking process to determine what protocols would be followed to manage protests and keep them peaceful.
On campuses where administrators didn’t engage with student leaders, tensions tended to escalate, and protests disrupted the institutions for weeks, often after police were called in or curfews were imposed.
While many of the protests lasted only one to seven days, we found that institutions that opened lines of communication early between administration and student protest leaders were more likely to deescalate tensions quickly. In contrast, campuses where administrators did not engage early on saw protests lasting weeks or involving greater disruptions.
Also, institutions that engaged early with student leaders were less likely to face stronger demands, such as calls for administrators to be fired, divestment from Israeli companies or calls to defund the campus police.
Our survey results suggest it’s important for administrators to engage with students early to establish clear guidelines to make it less likely future protests spiral into violence.
2. Communicate openly, often and before protests
Discussion of difficult topics, such as the conflict between Israel and Palestinians, shouldn’t wait until protests break out to begin. We found that every school in our survey that proactively supported dialogue between Jews and Muslims – before the war broke out – didn’t see violence result from the protests.
Dialogue isn’t just a strategy for preventing protests from spiraling out of control; it is fundamental to intergroup learning in higher education. These events create safe spaces for students − whether Arab, Jewish, Palestinian or members of different ethnic or religious groups − to engage with classmates with different points of view.
But even once protests begin, dialogue can help. When institutions engaged in dialogue, during or as a result of a protest, the protests were less likely to involve violence. At half of the campuses that participated in our survey and experienced protests, protests were ended peacefully through dialogue.
Brown, for example, modeled the power of institutional listening in its response to its April 2024 encampment. Rather than escalating tensions, university leaders engaged directly with student activists, resulting in a peaceful resolution and a commitment to bring the students’ divestment proposal to a formal vote in October. It ultimately failed to pass the board of directors.
Demonstrators unfurl a banner on a lawn after an encampment protesting the Israel-Hamas war was taken down at Brown University on April 30, 2024, in Providence, R.I. AP Photo/David Goldman
3. Involve relevant groups in decision-making
Most administrators in our survey, as they considered how to engage with protesters, reached out to relevant student groups such as those that focus on Jewish and Muslim students to better understand their perspectives.
However, only 28% consulted a religious or spiritual life office staff member on campus.
Religious or spiritual life staff are present on both private and public campuses and may include university-employed multifaith chaplains, interfaith coordinators or directors of spiritual life. Unlike student-led religious groups, these professionals often serve as liaisons to the religious and nonreligious communities represented on campus.
The focus of such roles on serving students from all worldviews positions them as key resources for deescalation through community outreach, support and two-way communication. Additionally, these professionals have valuable expertise in religious pluralism and community relationships. This experience helps them to advise administrators on policy and potential courses of action in times of tension.
Consulting with university staff with a focus on religion or spiritual life makes particular sense given the nature of the protests and how religion is intertwined, but our data suggests they may be underutilized more broadly for their expertise in navigating tensions related to competing worldviews.
Proactive engagement with these leaders not only helps campuses navigate an immediate crisis but demonstrates a commitment to inclusivity and respect for different groups’ perspectives.
Leading by example
Put another way, our research suggests institutions can avoid the negative outcomes of protests by embodying the traits commonly associated with universities, such as showing mutual respect, fostering democratic debate and engaging in critical thinking even on divisive issues. Engaging from a mindset of goodwill with student leaders shows administrators value student voices and are willing to work collaboratively toward solutions.
But when campuses ignore peaceful protests or refuse to engage with student leaders, they risk turning manageable situations into prolonged crises.
At a time when divisions run deep, we believe campuses that lead by example by embracing dialogue and engaging student activists before, during and after protests take place are not only likely to see less violence, but are likely to help heal America’s great divides.
Matthew J. Mayhew receives grant funding for various research projects from the National Science Foundation, the ECMC Foundation, the Templeton Religion Trust, the Arthur Vining Davis Foundations, and Pew Charitable Trusts. Currently, Dr. Mayhew leads the College Impact Laboratory at The Ohio State University. He is the Principal Investigator for the INSPIRES Index project and is the current editor of the Digest of Recent Research.
Renee L. Bowling works for the College Impact Lab at The Ohio State University that produces the INSPIRES Index and serves as Chair of NASPA’s Spirituality and Religion in Higher Education Knowledge Community.
Hind Haddad does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
