Source: International Monetary Fund
International Monetary Fund, International Labour Office, Statistical Office of the European Communities, United Nations Economic Commission for Europe, Organisation for Economic Co-operation and Development, and World Bank. Consumer Price Index Manual: Theory, 2025, (USA: International Monetary Fund, 2025) accessed June 30, 2025, https://doi.org/10.5089/9798229014137.069
Source: Czech National Bank
The Czech National Bank (CNB) is continuing to implement changes in the Cash and Payments Department, aimed at significantly speeding up and simplifying client services. With effect from 1 July 2025, a new Bohemian Regional Division will be established, headed by the current Director of the CNB’s Prague branch Vladislav Jetenský. The Bank Board made this decision at its meeting on 20 March 2025.
The Bohemian Regional Division will be created through the merger of the Prague and Hradec Králové branches as part of the CNB’s broader strategy for service digitalisation. The aim is to simplify and speed up communication with clients, regardless of their location. Digitalisation will enable faster processing of requests and more convenient access to the CNB’s services.
Vladislav Jetenský graduated in finance from the Prague University of Economics and Business. He worked at the CNB as banking supervision inspector in 2001–2003 and then in ING as senior auditor, head of internal audit for the Czech Republic and Slovakia and head of the financial controlling team. He returned to the CNB in 2017 and held the post of Director of the Capital Market Supervision and Control Division of the Financial Market Supervision Department II. He served as Executive Director of the Internal Audit Department from 2021 to 2024. He has been Director of the Prague branch of the Cash and Payments Department since June 2024.
Jakub Holas
Director, CNB Communications Division
Source: GlobeNewswire (MIL-OSI)
LONGBOAT KEY, Fla., June 30, 2025 (GLOBE NEWSWIRE) — Rumble Inc. (Nasdaq: RUM) (“Rumble” or the “Company”), the video-sharing platform and cloud services provider, today announced that it has been added as a member of the Russell 2000® and the Russell 3000® indexes, effective after the U.S. equity markets opened on June 30, 2025, as part of the 2025 Russell indexes reconstitution.
Annual Russell indexes reconstitution captures the 3,000 largest U.S. stocks, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which currently remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Rumble’s Chairman and CEO, Chris Pavlovski, commented, “We are pleased to announce that our Class A shares have been added to the Russell 2000 Index, a leading performance benchmark for the North American markets. It has been a transformational year thus far at Rumble, and it is our belief that the addition of Rumble to the Russell 2000 Index will further increase awareness and ownership of our stock in the institutional investment community.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s U.S. indexes. FTSE Russell, a leading global index provider, administers these indexes.
About Rumble
Rumble is a high-growth video platform and cloud services provider that is creating an independent infrastructure. Rumble’s mission is to restore the internet to its roots by making it free and open once again. For more information, visit corp.rumble.com.
About FTSE Russell, an LSEG Business
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent, rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by the London Stock Exchange Group.
For more information, visit FTSE Russell.
Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not historical facts are forward-looking statements and include, for example, statements related to the increased ownership of our stock by institutional investors and the implied potential impact on the price. The forward-looking statements speak only as of the date hereof and are based on the current expectations of the management of the Company as applicable and are inherently subject to uncertainties and changes in circumstances. These forward-looking statements involve many risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. For more information about risks facing the Company, see the Company’s annual report on Form 10-K for the year ended December 31, 2024 and other filings the Company makes with the SEC from time to time. We do not intend, and, except as required by law, we undertake no obligation to update any of our forward-looking statements after the issuance of this release to reflect any future events or circumstances. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.
For investor inquiries, please contact:
Shannon Devine
MZ Group, MZ North America
203-741-8811
investors@rumble.com
Source: Rumble Inc.
Source: GlobeNewswire (MIL-OSI)
SAN DIEGO, June 30, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC, a leading wealth management firm, has appointed Mike Holtschlag as Executive Vice President of Banking and Lending. In this role, Holtschlag will lead the company’s banking and lending initiatives to drive growth and enhance the full-service experience for both advisors and investors. His team will be responsible for the strategy, design, development, execution and delivery of LPL’s suite of solutions, including cash management accounts (CMA), credit cards and secured credit lending.
LPL’s strategic focus on developing state-of-the-art banking and lending solutions makes it easier for advisors to provide comprehensive services to discerning investors who desire a singular partner, where they can get personalized financial advice along with flexible options for lending, liquidity and cash management. Holtschlag will also oversee integration of these services with LPL’s trading and investment advisory teams, guiding and advancing the firm’s strength in delivering comprehensive wealth management solutions.
“Simplification and centralization are key for both advisors and investors,” said Aneri Jambusaria, Group Managing Director of Wealth Management at LPL Financial. “Mike’s deep expertise in financial solutions and his proven track record in driving innovation will be instrumental in advancing our banking and lending initiatives, ensuring we continue to offer exceptional, one-stop solutions that reduce friction and power growth for our advisors. With Mike on board, we look forward to continuing to elevate LPL as the destination of choice in wealth management.”
Holtschlag brings more than 25 years of financial services experience to LPL. Most recently, he spent 17 years at Fidelity Investments, where he served as Senior Vice President for the Saving, Spending, and Lending Business within Personal Investing. He led a global team of 150 associates providing a broad portfolio of financial solutions to retail clients, including cash management, credit, debit, lending solutions, health savings accounts, 529 plans, fixed income securities and alternatives. Prior to Fidelity, he was a Principal at The Boston Consulting Group, leading critical initiatives for clients ranging from start-ups to multinational corporations.
Holtschlag holds a Bachelor of Arts in Economics from Harvard University and a Master of Business Administration in Operations and Information Management from the Wharton School of the University of Pennsylvania. He is based in San Diego.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
Media Contact:
Media.relations@LPLFinancial.com
(402) 740-2047
Tracking #: 759379
Source: GlobeNewswire (MIL-OSI)
CHICAGO, June 30, 2025 (GLOBE NEWSWIRE) — A first-of-its-kind survey, commissioned by zerohash, the leading on-chain infrastructure provider, and conducted by Centiment, of 500 U.S.-based fantasy sports players, reveals that 46% of participants have missed time-sensitive contests because of the speed and availability of bank transfers. The independent study demonstrates that, as fantasy sports have grown into a $10 billion industry in the U.S., traditional payment systems are falling short, frustrating players and causing them to miss time-sensitive contests.
With nearly half of all players already holding stablecoins, demand is increasing for faster and more efficient payment options. Survey results found that 69% of players want stablecoin payments, highlighting a clear opportunity for fantasy platforms to boost loyalty and unlock new revenue streams.
Marquee fantasy sports events including the NFL playoffs and March Madness typically occur during non-banking hours, causing funding delays that translate to potentially hundreds of millions of dollars in lost player engagement. Fantasy players are already crypto and stablecoin enabled – 56% of fantasy sport app users already hold crypto or stablecoins, according to the study.
“Sunday NFL Football kicks off at 1:00 PM. Banks close at 5 PM on Friday. That’s why stablecoins provide a critical unlock for over 50 million fantasy sports users in the United States,” said Edward Woodford, Founder and CEO of zerohash. “We’re seeing rising demand from fantasy sports operators to add stablecoins, as more players want to fund accounts in real time and join contests instantly using assets they already hold.”
The Speed Economy Reshapes Gaming Priorities
The study upends conventional wisdom about fantasy player motivations. While operators have historically competed on bonuses and odds, instant deposits and payouts now rank as the number one deciding factor.
This shift reflects the evolution of fantasy sports from a weekend hobby to a real-time 24/7 experience. With the North American fantasy sports market expected to reach over $27 billion in the next five years, every hour of deposit lag represents a massive opportunity cost.
Key findings include:
Grow Faster with Crypto-Native Users
Crypto-native users represent the best opportunity to increase deposit volume and frequency. Twenty-four percent deposit more than $1,000 monthly (v.s. 10% for non-crypto holders) and 59% deposit funds at least once a week (v.s. 45% for non-crypto holders).
Early movers may gain significant competitive advantages as players increasingly prioritize seamless funding over traditional incentives.
The complete study, Fantasy Sports Players & the Future of Funding, is available at: https://hubs.ly/Q03v9kyb0
About zerohash
zerohash is the leading infrastructure provider for crypto, stablecoin, and tokenized assets. Its API and embeddable dev-kit enables innovators to easily launch solutions across cross-border payments, commerce, trading, remittance, payroll, tokenization and on/off-ramps.
zerohash powers solutions for some of the largest and innovative companies including Interactive Brokers, Stripe, Shift4, Franklin Templeton, Felix Pago, Kalshi and LightSpark. Zerohash Holdings is backed by investors, including Point72 Ventures, Bain Capital Ventures, and NYCA.
In the United States, Zero Hash LLC is a FinCen-registered Money Service Business and a regulated Money Transmitter that can operate in 51 U.S. jurisdictions. Zero Hash LLC and Zero Hash Liquidity Services LLC are licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Zero Hash Trust Company LLC has been approved by the North Carolina Commissioner of Banks as a non-depository trust company. For information about our global regulatory footprint, including our Argentinian registrations, see here.
Zero Hash Disclosures
Zero Hash services and product offerings may not be available in all jurisdictions. Zero Hash accounts are not subject to FDIC or SIPC protections, or any such equivalent protections that may exist outside of the US. Zero Hash’s technical support and enablement of any asset is not an endorsement of such asset and is not a recommendation to buy, sell, or hold any crypto asset. Zero Hash is not registered with the SEC or FINRA. Zero Hash does not provide any securities services and is not a custodian of securities, including security tokens, on behalf of customers.
Learn more by visiting zerohash.com or following us on X @ZeroHashX
Media Contacts
zerohash
Shaun O’Keeffe
(855) 744-7333
media@zerohash.com
Source: GlobeNewswire (MIL-OSI)
DUBAI, United Arab Emirates, June 30, 2025 (GLOBE NEWSWIRE) — The digital economy has witnessed transformative platforms that fundamentally changed resource sharing: Grab revolutionized transportation, Airbnb transformed hospitality, and Shein disrupted supply chains. Now, a Vietnamese technology company is redefining the next frontier-computational power sharing itself.
Hyra Network has been officially named “Technology Startup of the Year” at the prestigious 2025 Globee® Awards for Technology, marking a watershed moment for decentralized artificial intelligence infrastructure. This recognition validates an ambitious vision that could reshape how the world builds, owns, and benefits from AI technology.
(Official winner list available at: globeeawards.com/2025-winners-technology)
The Vision Behind Innovation
This breakthrough platform is researched and developed by Hyra Tek JCS (Vietnam) and operated by Hyra Tek Smart Solution L.L.C (UAE). Hyra Network’s mission is to democratize computational power by activating billions of idle devices and transforming everyday users into AI infrastructure providers.
Hyra Network serves as the flagship platform alongside Hyra AI, creating an unprecedented model where computational resources are shared across distributed networks rather than concentrated in centralized data centers. If ride-sharing optimizes vehicle utilization and home-sharing maximizes property efficiency, then computational sharing unlocks vast processing power lying dormant in smartphones, computers, and IoT devices globally.
Global Recognition for Excellence
The Globee® Awards represent the technology sector’s highest honor, with winners selected by over 100 seasoned professionals including C-suite executives, venture capitalists, and industry analysts.
“This honor transcends our company – it validates the entire movement toward democratized AI infrastructure,” said Mr. Jonh Tran, Founder of Hyra Network. “We’re witnessing global acknowledgment that the future of AI belongs not to centralized monopolies, but to communities that collectively own and benefit from these powerful technologies.”
The decentralized AI infrastructure and compute resource-sharing model of Hyra Network
Pioneering Community-Powered AI
At its core, Hyra Tek’s innovation centers on Hyra AI, one of the world’s first Train-to-Earn platforms. This system allows users to convert personal devices into active AI training nodes, earning rewards while contributing to advanced model development. The Layer-3 blockchain architecture supports high-throughput, low-latency workloads, enabling scalable AI training and inference at the network’s edge.
The economic model creates a virtuous cycle: participants provide computational resources, earn tangible rewards, and simultaneously advance AI capabilities that benefit the broader ecosystem.
Global Impact
Today, the Hyra ecosystem spans more than 205 countries, powering a global network of approximately 2.5 million connected devices, including 700,000 active online nodes and over 1 million KYC-verified users. With strong community engagement across Southeast Asia, Latin America, and Africa, Hyra delivers more than 360,000 teraflops of distributed computing power and supports a growing base of enterprise clients – now serving over 10 paying customers. This real-world adoption reaffirms Hyra’s core belief: that distributed, permissionless infrastructure can drive meaningful innovation while remaining truly open and accessible to all.
As artificial intelligence and DePIN technologies gain momentum, Hyra positions itself at the technological vanguard, architecting the foundation for a more equitable, intelligent, and inclusive AI future.
Media Contact
Jess Dao – Brand Manager
pr@hyra.network
Office No. C1804-166 – Mulk Nakheel Celik Building, Business Bay, Dubai, UAE
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/c68cfcf1-94ef-429d-a06b-2b7c914137de
https://www.globenewswire.com/NewsRoom/AttachmentNg/aba5b027-80ec-4494-8ce1-41c720be04e8
https://www.globenewswire.com/NewsRoom/AttachmentNg/05a2242b-5102-458c-ba09-cde359f246cd
Source: GlobeNewswire (MIL-OSI)
DUBAI, United Arab Emirates, June 30, 2025 (GLOBE NEWSWIRE) — The digital economy has witnessed transformative platforms that fundamentally changed resource sharing: Grab revolutionized transportation, Airbnb transformed hospitality, and Shein disrupted supply chains. Now, a Vietnamese technology company is redefining the next frontier-computational power sharing itself.
Hyra Network has been officially named “Technology Startup of the Year” at the prestigious 2025 Globee® Awards for Technology, marking a watershed moment for decentralized artificial intelligence infrastructure. This recognition validates an ambitious vision that could reshape how the world builds, owns, and benefits from AI technology.
(Official winner list available at: globeeawards.com/2025-winners-technology)
The Vision Behind Innovation
This breakthrough platform is researched and developed by Hyra Tek JCS (Vietnam) and operated by Hyra Tek Smart Solution L.L.C (UAE). Hyra Network’s mission is to democratize computational power by activating billions of idle devices and transforming everyday users into AI infrastructure providers.
Hyra Network serves as the flagship platform alongside Hyra AI, creating an unprecedented model where computational resources are shared across distributed networks rather than concentrated in centralized data centers. If ride-sharing optimizes vehicle utilization and home-sharing maximizes property efficiency, then computational sharing unlocks vast processing power lying dormant in smartphones, computers, and IoT devices globally.
Global Recognition for Excellence
The Globee® Awards represent the technology sector’s highest honor, with winners selected by over 100 seasoned professionals including C-suite executives, venture capitalists, and industry analysts.
“This honor transcends our company – it validates the entire movement toward democratized AI infrastructure,” said Mr. Jonh Tran, Founder of Hyra Network. “We’re witnessing global acknowledgment that the future of AI belongs not to centralized monopolies, but to communities that collectively own and benefit from these powerful technologies.”
The decentralized AI infrastructure and compute resource-sharing model of Hyra Network
Pioneering Community-Powered AI
At its core, Hyra Tek’s innovation centers on Hyra AI, one of the world’s first Train-to-Earn platforms. This system allows users to convert personal devices into active AI training nodes, earning rewards while contributing to advanced model development. The Layer-3 blockchain architecture supports high-throughput, low-latency workloads, enabling scalable AI training and inference at the network’s edge.
The economic model creates a virtuous cycle: participants provide computational resources, earn tangible rewards, and simultaneously advance AI capabilities that benefit the broader ecosystem.
Global Impact
Today, the Hyra ecosystem spans more than 205 countries, powering a global network of approximately 2.5 million connected devices, including 700,000 active online nodes and over 1 million KYC-verified users. With strong community engagement across Southeast Asia, Latin America, and Africa, Hyra delivers more than 360,000 teraflops of distributed computing power and supports a growing base of enterprise clients – now serving over 10 paying customers. This real-world adoption reaffirms Hyra’s core belief: that distributed, permissionless infrastructure can drive meaningful innovation while remaining truly open and accessible to all.
As artificial intelligence and DePIN technologies gain momentum, Hyra positions itself at the technological vanguard, architecting the foundation for a more equitable, intelligent, and inclusive AI future.
Media Contact
Jess Dao – Brand Manager
pr@hyra.network
Office No. C1804-166 – Mulk Nakheel Celik Building, Business Bay, Dubai, UAE
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/c68cfcf1-94ef-429d-a06b-2b7c914137de
https://www.globenewswire.com/NewsRoom/AttachmentNg/aba5b027-80ec-4494-8ce1-41c720be04e8
https://www.globenewswire.com/NewsRoom/AttachmentNg/05a2242b-5102-458c-ba09-cde359f246cd
Source: GlobeNewswire (MIL-OSI)
New York City, NY, June 30, 2025 (GLOBE NEWSWIRE) — Wizzay—an online lending platform—has now started providing electronic payday loans as well as installment loan solutions to customers throughout Texas. The platform allows borrowers to electronically submit a secure loan application and, if qualified, be deposited funds directly into their accounts. The service is intended to offer temporary monetary relief without a visit to a storefront lender.
By bringing together technology-powered processing and a network of regulated lending partners, Wizzay offers access to both short-term payday loans and longer-term installment loans. The site supports various loan sizes and term lengths. Wizzay conducts business under the guidelines provided by Texas financial regulation and the Office of Consumer Credit Commissioner.
This release represents Wizzay’s entry into the Texas consumer loan market, with the goal to provide residents more convenience when it comes to obtaining short-term financial relief.
<<< Designed for Texans with low or bad credit—start now >>>
Wizzay Payday Loan in Texas – Fast, Simple, and Fully Online
Wizzay’s Texas payday loan product is designed to make the experience of obtaining a loan online. The loan application takes a few minutes to fill out with a web browser or handheld device. The process saves the inconvenience of stopping by a physical office and cuts back on paperwork by bringing necessary documents onto a digital stage.
The most important components of this efficient process are:
These functionalities are designed to make the lending process easier and limit administrative hurdles. Wizzay does not necessitate customers to pay a visit to a physical branch, distinguishing it from conventional brick-and-mortar payday loan providers involving paperwork and person-to-person interactions.
How Wizzay Offers a Legal and Secure Payday Loan Alternative in Texas
Wizzay acts as a virtual intermediary, matching borrowers with licensed lending partners that operate within the structure of Texas payday lending laws. Rather than directly issuing loans, Wizzay grants access to lenders that possess the requisite licenses and conform to the law set forth by the Texas Office of Consumer Credit Commissioner.
Regulatory protections include:
By forwarding applications solely to licensed lending partners, Wizzay guarantees adherence to the State of Texas regulations that control short-term loans. Wizzay also makes available documents explaining the terms of lending clearly and contains provisions for references to lender duties and borrower protections.
<<< Apply in minutes and get closer to the cash you need >>>
Wizzay Loans in Texas – Get the Money You Need Without the Hassle
Wizzay’s loan products provide flexibility for a variety of consumer needs, ranging from small emergency cash to higher and more elastic borrowing. Loan values usually range from $100 to $5,000, subject to borrower qualification and lender policies.
Key features are:
Although the process is made to be simple, Wizzay keeps a distinct line between itself and the true lending institutions. Loan offers, having been approved, are offered directly from participating lenders, and borrowers agree to terms before taking money.
Wizzay and the Installment Loan Advantage for Texas Borrowers
Installment loans are different from one-time payment payday loans in providing repayment in multiple periodic installments—usually monthly—until the loan amount and fees paid are completely discharged. Wizzay’s collaboration with licensed lenders makes such possibilities for Texas consumers.
The benefits of installment loans are:
Borrowers who have limited savings or who require payment flexibility can prefer installment loan options. Wizzay’s function is to match applicants with lenders that provide installment loans in terms suitable to the financial position of the borrower.
<<< Begin your request and see how fast Wizzay can help >>>
Wizzay’s Privacy Promise: A Safe Online Loan with No Credit Check & Guaranteed Approval
Wizzay protects borrower information with industry-standard 256-bit SSL encryption and secure data transfer protocols. Sensitive financial and personal information is encrypted in transit and at rest, with access controls preventing unauthorized access.
Some elements of Wizzay’s privacy presentation:
In most instances, lenders on the Wizzay network conduct a soft credit check—one that won’t affect the applicant’s credit score—or emphasize capacity to repay more than credit history. Depending on lender practices, some customers apply for a payday loan in Texas with little consideration of credit history.
Apply Online for a Wizzay Payday Loan in Minutes
The process is streamlined for speed and convenience:
The platform suggests the typical time frame for deposit—usually in one business day—though actual timing can be subject to banking procedures and lender-specific protocols. No signature or physical documentation is needed.
<<< Instant approval options made simple—check your eligibility >>>
Wizzay Lends to Texans with All Credit Types – Including Bad Credit Loans
Wizzay’s platform does not automatically rule out applicants with lower credit scores. Rather, it seeks to match borrowers with lenders reviewed on more comprehensive criteria such as:
Although the process is not guaranteed loan approval, subprime or poor credit borrowers can also apply. Network lenders may provide bad credit loans—loans for people with lower scores—although terms can differ, and fees can be higher to account for greater risk.
Wizzay’s consumer notices remind applicants to think about their repayment ability and, where relevant, to obtain credit counseling before applying for any loan.
Understanding Loan Terms with Wizzay – Know Before You Sign
Prior to agreeing to loan terms, Wizzay makes certain that the following information is clearly posted:
Loan applicants are provided the ability to compare and view loan deals prior to accepting one. Wizzay makes information on applicable documents, such as payment schedules, due dates, and customer service contact details for the lenders, easily accessible.
Glad tidings in these regards should serve to minimize uncertainty and enable loan applicants to gauge if a loan is within their financial means.
Wizzay Payday Loans – Fast Cash Solutions by the Next Business Day
Wizzay’s platform is designed to facilitate short-term cash requirements by allowing:
This setup is designed to meet circumstances like unexpected car repairs, urgent medical expenses, or other urgent payments that demand quick funding. Wizzay aims to simplify the process without needing actual physical visits and an extensive amount of paperwork.
<<< Emergency funds could be just a few steps away >>>
Why Wizzay Is a Trusted Direct Lender in Texas
Although Wizzay itself is not a lender, it works in association with licensed lenders in Texas. The use of the term “direct lender” in this case means the partner lenders who are responsible for underwriting, funding, and loan servicing.
Since Wizzay is an intermediary:
By directing borrower applications to lender partners in one place, Wizzay helps create a streamlined, open digital lending environment.
Wizzay Supports Flexible Repayment – Even with a Debit Card or Checking Account
Wizzay’s network of lenders typically accommodates repayment with standard financial instruments:
Borrowers are provided with documents detailing repayment amounts, dates, and methods with freedom to schedule payments as appropriate for their budget.
<<< Submit your loan request safely and securely online >>>
Who Wizzay Loans Are For – Loan Options for Every Texas Resident
Wizzay’s service is accessible to adults living in Texas with active checking accounts and proven income. Amongst those who can be helped:
Through the ease of access to multiple financing products through one application, Wizzay provides transparency of loan choices instead of customizing one product for all consumers.
Key Disclosures from Wizzay – What You Need to Know Before You Borrow
Wizzay contains informative statements to help borrowers make better decisions:
These revelations indicate an attempt towards transparent lending and borrower awareness.
Wizzay Expands Loan Services in Texas
Wizzay now extends its service coverage to 254 Texas counties. Furthermore, the platform also connects users with a larger number of lender partners providing:
This business growth allows residents across Texas—urban, suburban, and rural—to obtain loan information online with uniform underwriting and approval criteria.
<<< No credit check needed—discover your available options today >>>
Wizzay Updates Its Loan Platform for Faster Instant Approval Loans in Texas
Wizzay has made IT and operational improvements that help streamline borrower wait times. These are the following platform improvements:
Based on internal reports, these adjustments have lowered median turnaround time from application to funding when lenders fund, though actual times may still vary with lender processing speed and banking partners.
Wizzay Payday Loans Are Not Title Loans – Know the Difference
Wizzay’s payday loan model differs from title loan features in a number of important aspects:
Title loans involve risk of forfeiture of assets upon default, while Wizzay’s partner lenders utilize banking-based repayment systems and debt collection in compliance with Texas law.
Wizzay Offers Installment Loans in Texas with Transparent Repayment Terms
Installment loan offers through Wizzay’s network involve:
Loan agreements specify:
This type of product provides a compromise option for customers who cannot make a lump sum payment and can possibly assist in synchronizing repayment more closely with income frequency.
<<< Relief is closer than you think—explore your Wizzay options >>>
Final Word: Wizzay Leads the Way in Ethical Payday Lending in Texas
Wizzay’s Texas online lending market entrée stands out with its regulation-friendly strategy, safe digital protocols, and focus on borrower comprehension. Through eschewing feature-filled sales stories and concentrating on operational clarity, the site enacts:
This press release provides true facts regarding Wizzay’s presence and services in Texas, its business model, and borrower alternatives, without promotional assertions or evaluative phrases.
Media Details:
https://www.wizzay.com
support@Wizzay.com
Customer Acquisition LLC, Springates Building, Lower Government Road, Charlestown,
Attachment
Source: GlobeNewswire (MIL-OSI)
New York City, NY, June 30, 2025 (GLOBE NEWSWIRE) — Wizzay—an online lending platform—has now started providing electronic payday loans as well as installment loan solutions to customers throughout Texas. The platform allows borrowers to electronically submit a secure loan application and, if qualified, be deposited funds directly into their accounts. The service is intended to offer temporary monetary relief without a visit to a storefront lender.
By bringing together technology-powered processing and a network of regulated lending partners, Wizzay offers access to both short-term payday loans and longer-term installment loans. The site supports various loan sizes and term lengths. Wizzay conducts business under the guidelines provided by Texas financial regulation and the Office of Consumer Credit Commissioner.
This release represents Wizzay’s entry into the Texas consumer loan market, with the goal to provide residents more convenience when it comes to obtaining short-term financial relief.
<<< Designed for Texans with low or bad credit—start now >>>
Wizzay Payday Loan in Texas – Fast, Simple, and Fully Online
Wizzay’s Texas payday loan product is designed to make the experience of obtaining a loan online. The loan application takes a few minutes to fill out with a web browser or handheld device. The process saves the inconvenience of stopping by a physical office and cuts back on paperwork by bringing necessary documents onto a digital stage.
The most important components of this efficient process are:
These functionalities are designed to make the lending process easier and limit administrative hurdles. Wizzay does not necessitate customers to pay a visit to a physical branch, distinguishing it from conventional brick-and-mortar payday loan providers involving paperwork and person-to-person interactions.
How Wizzay Offers a Legal and Secure Payday Loan Alternative in Texas
Wizzay acts as a virtual intermediary, matching borrowers with licensed lending partners that operate within the structure of Texas payday lending laws. Rather than directly issuing loans, Wizzay grants access to lenders that possess the requisite licenses and conform to the law set forth by the Texas Office of Consumer Credit Commissioner.
Regulatory protections include:
By forwarding applications solely to licensed lending partners, Wizzay guarantees adherence to the State of Texas regulations that control short-term loans. Wizzay also makes available documents explaining the terms of lending clearly and contains provisions for references to lender duties and borrower protections.
<<< Apply in minutes and get closer to the cash you need >>>
Wizzay Loans in Texas – Get the Money You Need Without the Hassle
Wizzay’s loan products provide flexibility for a variety of consumer needs, ranging from small emergency cash to higher and more elastic borrowing. Loan values usually range from $100 to $5,000, subject to borrower qualification and lender policies.
Key features are:
Although the process is made to be simple, Wizzay keeps a distinct line between itself and the true lending institutions. Loan offers, having been approved, are offered directly from participating lenders, and borrowers agree to terms before taking money.
Wizzay and the Installment Loan Advantage for Texas Borrowers
Installment loans are different from one-time payment payday loans in providing repayment in multiple periodic installments—usually monthly—until the loan amount and fees paid are completely discharged. Wizzay’s collaboration with licensed lenders makes such possibilities for Texas consumers.
The benefits of installment loans are:
Borrowers who have limited savings or who require payment flexibility can prefer installment loan options. Wizzay’s function is to match applicants with lenders that provide installment loans in terms suitable to the financial position of the borrower.
<<< Begin your request and see how fast Wizzay can help >>>
Wizzay’s Privacy Promise: A Safe Online Loan with No Credit Check & Guaranteed Approval
Wizzay protects borrower information with industry-standard 256-bit SSL encryption and secure data transfer protocols. Sensitive financial and personal information is encrypted in transit and at rest, with access controls preventing unauthorized access.
Some elements of Wizzay’s privacy presentation:
In most instances, lenders on the Wizzay network conduct a soft credit check—one that won’t affect the applicant’s credit score—or emphasize capacity to repay more than credit history. Depending on lender practices, some customers apply for a payday loan in Texas with little consideration of credit history.
Apply Online for a Wizzay Payday Loan in Minutes
The process is streamlined for speed and convenience:
The platform suggests the typical time frame for deposit—usually in one business day—though actual timing can be subject to banking procedures and lender-specific protocols. No signature or physical documentation is needed.
<<< Instant approval options made simple—check your eligibility >>>
Wizzay Lends to Texans with All Credit Types – Including Bad Credit Loans
Wizzay’s platform does not automatically rule out applicants with lower credit scores. Rather, it seeks to match borrowers with lenders reviewed on more comprehensive criteria such as:
Although the process is not guaranteed loan approval, subprime or poor credit borrowers can also apply. Network lenders may provide bad credit loans—loans for people with lower scores—although terms can differ, and fees can be higher to account for greater risk.
Wizzay’s consumer notices remind applicants to think about their repayment ability and, where relevant, to obtain credit counseling before applying for any loan.
Understanding Loan Terms with Wizzay – Know Before You Sign
Prior to agreeing to loan terms, Wizzay makes certain that the following information is clearly posted:
Loan applicants are provided the ability to compare and view loan deals prior to accepting one. Wizzay makes information on applicable documents, such as payment schedules, due dates, and customer service contact details for the lenders, easily accessible.
Glad tidings in these regards should serve to minimize uncertainty and enable loan applicants to gauge if a loan is within their financial means.
Wizzay Payday Loans – Fast Cash Solutions by the Next Business Day
Wizzay’s platform is designed to facilitate short-term cash requirements by allowing:
This setup is designed to meet circumstances like unexpected car repairs, urgent medical expenses, or other urgent payments that demand quick funding. Wizzay aims to simplify the process without needing actual physical visits and an extensive amount of paperwork.
<<< Emergency funds could be just a few steps away >>>
Why Wizzay Is a Trusted Direct Lender in Texas
Although Wizzay itself is not a lender, it works in association with licensed lenders in Texas. The use of the term “direct lender” in this case means the partner lenders who are responsible for underwriting, funding, and loan servicing.
Since Wizzay is an intermediary:
By directing borrower applications to lender partners in one place, Wizzay helps create a streamlined, open digital lending environment.
Wizzay Supports Flexible Repayment – Even with a Debit Card or Checking Account
Wizzay’s network of lenders typically accommodates repayment with standard financial instruments:
Borrowers are provided with documents detailing repayment amounts, dates, and methods with freedom to schedule payments as appropriate for their budget.
<<< Submit your loan request safely and securely online >>>
Who Wizzay Loans Are For – Loan Options for Every Texas Resident
Wizzay’s service is accessible to adults living in Texas with active checking accounts and proven income. Amongst those who can be helped:
Through the ease of access to multiple financing products through one application, Wizzay provides transparency of loan choices instead of customizing one product for all consumers.
Key Disclosures from Wizzay – What You Need to Know Before You Borrow
Wizzay contains informative statements to help borrowers make better decisions:
These revelations indicate an attempt towards transparent lending and borrower awareness.
Wizzay Expands Loan Services in Texas
Wizzay now extends its service coverage to 254 Texas counties. Furthermore, the platform also connects users with a larger number of lender partners providing:
This business growth allows residents across Texas—urban, suburban, and rural—to obtain loan information online with uniform underwriting and approval criteria.
<<< No credit check needed—discover your available options today >>>
Wizzay Updates Its Loan Platform for Faster Instant Approval Loans in Texas
Wizzay has made IT and operational improvements that help streamline borrower wait times. These are the following platform improvements:
Based on internal reports, these adjustments have lowered median turnaround time from application to funding when lenders fund, though actual times may still vary with lender processing speed and banking partners.
Wizzay Payday Loans Are Not Title Loans – Know the Difference
Wizzay’s payday loan model differs from title loan features in a number of important aspects:
Title loans involve risk of forfeiture of assets upon default, while Wizzay’s partner lenders utilize banking-based repayment systems and debt collection in compliance with Texas law.
Wizzay Offers Installment Loans in Texas with Transparent Repayment Terms
Installment loan offers through Wizzay’s network involve:
Loan agreements specify:
This type of product provides a compromise option for customers who cannot make a lump sum payment and can possibly assist in synchronizing repayment more closely with income frequency.
<<< Relief is closer than you think—explore your Wizzay options >>>
Final Word: Wizzay Leads the Way in Ethical Payday Lending in Texas
Wizzay’s Texas online lending market entrée stands out with its regulation-friendly strategy, safe digital protocols, and focus on borrower comprehension. Through eschewing feature-filled sales stories and concentrating on operational clarity, the site enacts:
This press release provides true facts regarding Wizzay’s presence and services in Texas, its business model, and borrower alternatives, without promotional assertions or evaluative phrases.
Media Details:
https://www.wizzay.com
support@Wizzay.com
Customer Acquisition LLC, Springates Building, Lower Government Road, Charlestown,
Attachment
Source: US Bureau of Economic Analysis
First Quarter
The U.S. net international investment position,the difference between U.S. residents’ foreign financial assets and liabilities, was –$24.61 trillion at the end of the first quarter of 2025, according to statistics released today by the U.S. Bureau of Economic Analysis (chart 1). Assets totaled $36.85 trillion, and liabilities were $61.47 trillion (chart 2). At the end of the fourth quarter of 2024, the net investment position was –$26.54 trillion (revised). The net investment position and components of assets and liabilities are presented in table 1.
The $1.92 trillion change in the net investment position from the fourth quarter of 2024 to the first quarter of 2025 came from net financial transactions of –$277.5 billion and net other changes in position, such as price and exchange-rate changes, of $2.20 trillion (table 2).
Price changes of $1.73 trillion reflected price increases for assets and price decreases for liabilities, as foreign stock prices outperformed U.S. stock prices.
Exchange-rate changes of $472.5 billion reflected foreign currency appreciation against the U.S. dollar, which raised the value of U.S. assets more than U.S. liabilities in dollar terms.
U.S. assets increased by $1.13 trillion to a total of $36.85 trillion at the end of the first quarter, driven mainly by financial transactions of $548.0 billion that largely reflected increased U.S. short-term lending abroad in the form of resale agreements, and by exchange-rate changes of $528.4 billion that reflected the appreciation of foreign currencies against the U.S. dollar (table 2). All major investment categories of assets, except financial derivatives, increased in the first quarter (chart 3).
U.S. liabilities decreased by $792.0 billion to a total of $61.47 trillion at the end of the first quarter, driven by U.S. stock price decreases that lowered the market value of direct investment and portfolio investment liabilities by $836.4 billion and by $734.6 billion, respectively (table 2). Partly offsetting these price decreases were financial transactions of $844.8 billion that mostly reflected foreign purchases of U.S. debt securities and “other investment” inflows of deposits and loans. All major investment categories of liabilities except other investment decreased in the first quarter (chart 4).
Annual Update of the U.S. International Investment Position Accounts
The statistics in this release reflect the annual update of the U.S. International Investment Position Accounts. With this update, BEA has incorporated newly available and revised source data for 2022–2024 (table 3).
In addition, BEA has incorporated new statistics for transactions and positions related to a repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility) that was established by the Federal Reserve in March 2020. The FIMA Repo Facility was designed to address pressures in global dollar funding markets that could affect financial market conditions in the United States. These transactions and positions are recorded as U.S. deposits in the central bank sector of other investment assets in the U.S. International Transactions Accounts and International Investment Position Accounts statistics, beginning with 2022.
Newly Available and Revised Source Data: Key Providers and Years Affected
| Agency | Data | Years affected |
|---|---|---|
| U.S. Bureau of Economic Analysis | Benchmark, annual, and quarterly direct investment surveys (direct investment and other investment assets and liabilities) | 2022–2024 |
| U.S. Department of the Treasury | Aggregate Holdings, Purchases and Sales, and Fair Value Changes of Long-Term Securities by U.S. and Foreign Residents (portfolio investment assets and liabilities) | 2022–2024 |
| Foreign-Residents’ Holdings of U.S. Securities, Including Selected Money Market Instruments (portfolio investment liabilities) | 2024 | |
| U.S. Ownership of Foreign Securities, Including Selected Money Market Instruments (portfolio investment assets) | 2023 | |
| Reports by Financial Institutions of Liabilities to, and Claims on, Foreign Residents by U.S. Residents (portfolio investment and other investment assets and liabilities) | 2022–2024 | |
| Reports of Liabilities to, and Claims on, Unaffiliated Foreign Residents by U.S. Resident Non-Financial Institutions (portfolio investment and other investment assets and liabilities) | 2022–2024 | |
| Reports of Holdings of, and Transactions in, Financial Derivatives Contracts with Foreign Residents (financial derivatives assets and liabilities) | 2023–2024 |
More information on the annual update is available in “Preview of the 2025 Annual Update of the International Economic Accounts” in the Survey of Current Business, and additional information will be published in July in the Survey.
Next release: September 29, 2025, at 8:30 a.m. EDT
U.S. International Investment Position, 2nd Quarter 2025
Source: US Bureau of Economic Analysis
First Quarter
The U.S. net international investment position,the difference between U.S. residents’ foreign financial assets and liabilities, was –$24.61 trillion at the end of the first quarter of 2025, according to statistics released today by the U.S. Bureau of Economic Analysis (chart 1). Assets totaled $36.85 trillion, and liabilities were $61.47 trillion (chart 2). At the end of the fourth quarter of 2024, the net investment position was –$26.54 trillion (revised). The net investment position and components of assets and liabilities are presented in table 1.
The $1.92 trillion change in the net investment position from the fourth quarter of 2024 to the first quarter of 2025 came from net financial transactions of –$277.5 billion and net other changes in position, such as price and exchange-rate changes, of $2.20 trillion (table 2).
Price changes of $1.73 trillion reflected price increases for assets and price decreases for liabilities, as foreign stock prices outperformed U.S. stock prices.
Exchange-rate changes of $472.5 billion reflected foreign currency appreciation against the U.S. dollar, which raised the value of U.S. assets more than U.S. liabilities in dollar terms.
U.S. assets increased by $1.13 trillion to a total of $36.85 trillion at the end of the first quarter, driven mainly by financial transactions of $548.0 billion that largely reflected increased U.S. short-term lending abroad in the form of resale agreements, and by exchange-rate changes of $528.4 billion that reflected the appreciation of foreign currencies against the U.S. dollar (table 2). All major investment categories of assets, except financial derivatives, increased in the first quarter (chart 3).
U.S. liabilities decreased by $792.0 billion to a total of $61.47 trillion at the end of the first quarter, driven by U.S. stock price decreases that lowered the market value of direct investment and portfolio investment liabilities by $836.4 billion and by $734.6 billion, respectively (table 2). Partly offsetting these price decreases were financial transactions of $844.8 billion that mostly reflected foreign purchases of U.S. debt securities and “other investment” inflows of deposits and loans. All major investment categories of liabilities except other investment decreased in the first quarter (chart 4).
Annual Update of the U.S. International Investment Position Accounts
The statistics in this release reflect the annual update of the U.S. International Investment Position Accounts. With this update, BEA has incorporated newly available and revised source data for 2022–2024 (table 3).
In addition, BEA has incorporated new statistics for transactions and positions related to a repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility) that was established by the Federal Reserve in March 2020. The FIMA Repo Facility was designed to address pressures in global dollar funding markets that could affect financial market conditions in the United States. These transactions and positions are recorded as U.S. deposits in the central bank sector of other investment assets in the U.S. International Transactions Accounts and International Investment Position Accounts statistics, beginning with 2022.
Newly Available and Revised Source Data: Key Providers and Years Affected
| Agency | Data | Years affected |
|---|---|---|
| U.S. Bureau of Economic Analysis | Benchmark, annual, and quarterly direct investment surveys (direct investment and other investment assets and liabilities) | 2022–2024 |
| U.S. Department of the Treasury | Aggregate Holdings, Purchases and Sales, and Fair Value Changes of Long-Term Securities by U.S. and Foreign Residents (portfolio investment assets and liabilities) | 2022–2024 |
| Foreign-Residents’ Holdings of U.S. Securities, Including Selected Money Market Instruments (portfolio investment liabilities) | 2024 | |
| U.S. Ownership of Foreign Securities, Including Selected Money Market Instruments (portfolio investment assets) | 2023 | |
| Reports by Financial Institutions of Liabilities to, and Claims on, Foreign Residents by U.S. Residents (portfolio investment and other investment assets and liabilities) | 2022–2024 | |
| Reports of Liabilities to, and Claims on, Unaffiliated Foreign Residents by U.S. Resident Non-Financial Institutions (portfolio investment and other investment assets and liabilities) | 2022–2024 | |
| Reports of Holdings of, and Transactions in, Financial Derivatives Contracts with Foreign Residents (financial derivatives assets and liabilities) | 2023–2024 |
More information on the annual update is available in “Preview of the 2025 Annual Update of the International Economic Accounts” in the Survey of Current Business, and additional information will be published in July in the Survey.
Next release: September 29, 2025, at 8:30 a.m. EDT
U.S. International Investment Position, 2nd Quarter 2025
Source: GlobeNewswire (MIL-OSI)
This new portable Launch Monitor by TruGolf is simple to use, compatible with PC and iOS Devices, and utilizes advanced hyper-speed camera technology to measure ball data inside and outdoors.
Salt Lake City, Utah, June 30, 2025 (GLOBE NEWSWIRE) — TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading golf technology company, has announced that its highly anticipated portable launch monitor, LaunchBox, will be available globally on July 1, 2025. This sleek, camera-based launch monitor delivers professional-grade accuracy at a price point that opens the door to millions of golfers around the world.
“LaunchBox offers tour-level precision in a portable package that is truly affordable for everyday golfers,” said Doug Bybee, Chief Revenue Officer at TruGolf. “Whether you’re a weekend warrior trying to drop a few strokes, or an elite player working on shot consistency, LaunchBox gives you the tools the pros rely on — without breaking the bank. We are thrilled to introduce this product and its features to all markets around the world.”
Disrupting the $300M launch monitor market*
For the first time in TruGolf’s 40-year history, the company is entering the high-growth, high-volume portable simulator space. Priced for accessibility, LaunchBox empowers TruGolf to compete directly in a global market of millions of home users, and driving range regulars—without sacrificing the accuracy or realism the brand is known for.
“LaunchBox is a major step forward—not just for TruGolf, but for the game itself,” said Nate Larsen, Chief Experience Officer at TruGolf. “We’re delivering tour-level performance and accuracy to all golfers, whether they’re practicing in the backyard or playing one of the thousands of golf courses available to play in E6 APEX. LaunchBox positions us to compete in the fast-growing consumer golf tech market while expanding our digital ecosystem through subscription-based software. It also brings our IBM partnership into sharper focus, with E6 APEX powered by IBM watsonx.ai to deliver smarter, more immersive golf experiences. It’s a proud moment for our team—and a big win for golfers everywhere.”
A New Era of Golf Performance + Entertainment
Fully integrated with E6 APEX, TruGolf’s next-gen simulation platform, LaunchBox unlocks a full suite of features:
No Markers. No Special Balls. Just Incredible Data.
LaunchBox leverages ultra high-speed cameras and infrared sensors to deliver 12+ key Shot metrics—without any stickers, special balls, or calibration. Its intuitive display and lightweight form factor make it ideal for use in the garage, backyard, or on the range using a mat. LaunchBox starts at $2,200 with available add-on Software and Golf Simulator Enclosure upgrades.
The system connects wirelessly via 5GHz Wi-Fi to PCs or iOS devices, ensuring seamless performance at home or on the go.
LaunchBox is available exclusively on TruGolf’s website.
*As per June 2025 Business Research Insight’s Golf Launch Monitor Report
About TruGolf, Inc.
Since 1983, TruGolf has been passionate about driving the golf industry with innovative indoor golf solutions. TruGolf builds products that capture the spirit of golf. TruGolf’s mission is to help grow the game by attempting to make it more Available, Approachable, and Affordable through technology – because TruGolf believes Golf is for Everyone. TruGolf’s team has built award-winning video games (“Links”), innovative hardware solutions, and an all-new e-sports platform to connect golfers around the world with E6 CONNECT. Since TruGolf’s beginning, TruGolf has continued to attempt to define and redefine what is possible with golf technology.
Forward-Looking Statements
This news release contains certain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements that are not of historical fact constitute “forward-looking statements” and accordingly, involve estimates, assumptions, forecasts, judgements and uncertainties. Forward-looking statements include, without limitation, the timing of the reverse stock split. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ”believes,” ”estimates,” ”anticipates,” ”expects,” ”plans,” ”projects,” ”intends,” ”potential,” ”may,” ”could,” ”might,” ”will,” ”should,” ”approximately” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC, which are available on the SEC’s website, www.sec.gov.
Contact: Michael Bacal
mbacal@darrowir.com
917-886-9071
Attachment
Source: GlobeNewswire (MIL-OSI)
Haifa, ISRAEL, June 30, 2025 (GLOBE NEWSWIRE) — Minovia Therapeutics Ltd. (“Minovia” or the “Company”), a clinical-stage biotechnology company developing novel therapies to treat mitochondrial diseases and combat age-related decline, announces that the U.S. Food and Drug Administration (FDA) has granted Fast Track Designation to the Company’s lead investigational compound, MNV-201. The FDA has also granted Rare Pediatric Disease Designation to MNV-201, which is in Phase 2 clinical trials for the treatment of Pearson Syndrome, an ultra-rare and life-threatening mitochondrial disorder affecting children.
“Both Fast Track Designation and Pediatric Rare Disease Designation are critical milestones for Minovia, as they strongly validate the clinical approach for our science, while also acknowledging the urgent need for new treatment options for Pearson Syndrome. Importantly, these FDA designations help us to decrease the potential time to market and provide additional benefits across the FDA process that will prove both medically and financially valuable,” said Minovia Co-founder and CEO, Natalie Yivgi-Ohana, Ph.D.
FDA’s Fast Track Designation is designed to accelerate the development and review of therapies for serious or life-threatening conditions with unmet medical need. The designation provides Minovia with the opportunity for increased FDA interactions, potential eligibility for priority review, and the opportunity for a rolling submission of a future Biologics License Application (BLA) for MNV-201. Concurrently, Rare Pediatric Disease Designation (RPD) is granted to drugs which are under development for rare childhood diseases and provides the Company with the potential to receive a pediatric priority review voucher (PRV) if the drug is initially approved for that rare childhood disease. A PRV grants the holder an expedited six-month review of a new drug application. PRVs are tradeable and have historically commanded prices in excess of US$100 million, although currently PRV programs are on hold awaiting reauthorization by Congress.
Minovia is currently conducting an IND-enabled Phase 2 clinical trial of MNV-201 in Pearson Syndrome. The Company is advancing interactions with the FDA to finalize a pivotal trial design and expects to initiate registrational studies in 2026.
The Company also recently announced entry into a definitive business combination agreement (the “Business Combination Agreement”) with Launch One Acquisition Corp. (Nasdaq: LPAA, “Launch One”), a publicly traded special purpose acquisition company. Following the expected closing of the transaction contemplated by this Business Combination Agreement (the “Business Combination”), projected for late 2025, the combined company will operate as Minovia Therapeutics and trade on Nasdaq under a new ticker symbol.
About MNV-201
MNV-201 is a first-in-class cell therapy that uses Minovia’s proprietary Mitochondrial Augmentation Technology (MAT) to add healthy, energy-producing mitochondria into a patient’s own stem cells — aiming to restore organ function and improve health. In early-stage clinical studies, MAT has demonstrated a strong safety profile and signs of multi-system benefit in patients with Pearson Syndrome, including improvements in growth, muscle function, hematologic stability, and improved quality of life.
About Pearson Syndrome
Pearson Syndrome is caused by large-scale deletions in mitochondrial DNA (mtDNA) that impair the energy-generating function of cells, leading to bone marrow failure, metabolic crises, and organ dysfunction. With no approved therapies, current care is purely supportive, and patients die during childhood.
About Minovia Therapeutics
Minovia Therapeutics, chaired by John Cox, is a clinical-state biotechnology company working on treatments to replace dead or defective mitochondria with new healthy mitochondria, helping people with mitochondrial diseases and fighting aging. Its main treatment, MNV-201, is already being tested for Pearson Syndrome and Myelodysplastic Syndrome. Minovia is also developing ways to help people live longer, healthier lives. Based in Haifa, Israel, where it operates a GMP facility for mitochondrial drug substance and drug product manufacturing for clinical trials related to its therapy, Minovia is expanding to the U.S. For more information, visit www.minoviatx.com.
About Launch One Acquisition Corp.
Launch One Acquisition Corp. is a company set up to merge with and take public an exciting business in healthcare or technology. Listed on Nasdaq under the ticker LPAA, Launch One is led by experienced leaders who want to support game-changing solutions. For more information, contact Jurgen van de Vyver at jurgen@launchpad.vc.
Additional Information and Where to Find It
In connection with the Business Combination and the Business Combination Agreement, among Launch One, Minovia and Mito US One Ltd., a newly formed Israeli company limited by shares (“Pubco”), and certain other parties named therein. Launch One and Minovia intend to file relevant materials with the U.S. Securities and Exchange Commission (“SEC”), including a Registration Statement on Form F-4 of Pubco (the “Registration Statement”), which will include a proxy statement/prospectus of Launch One, and will file other documents regarding the proposed Business Combination with the SEC. This communication is not intended to be, and is not, a substitute for the proxy statement/prospectus or any other document that Launch One has filed or may file with the SEC in connection with the proposed Business Combination. The Registration Statement has not been filed or declared effective by the SEC. Following such filing and upon such declaration of effectiveness, the definitive proxy statement/prospectus contained within the Registration Statement and other relevant materials for the proposed Business Combination will be mailed or made available to stockholders of Launch One as of a record date to be established for voting on the proposed Business Combination.
Before making any voting or investment decision, investors and stockholders of Launch One are urged to carefully read, when they become available, the entire Registration Statement, the proxy statement/prospectus, and any other relevant documents filed with the SEC, as well as any amendments or supplements to these documents, and the documents incorporated by reference therein, because they will contain important information about Launch One, Minovia, Pubco and the proposed Business Combination. Launch One’s investors and stockholders and other interested persons will also be able to obtain copies of the Registration Statement, the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, other documents filed with the SEC that will be incorporated by reference therein, and all other relevant documents filed with the SEC by Launch One and/or Pubco in connection with the Business Combination, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to Launch One or Minovia at the addresses set forth below.
Participants In the Solicitation
Launch One, Minovia, Pubco and their respective directors, executive officers, other members of management and employees may be deemed participants in the solicitation of proxies from Launch One’s stockholders with respect to the Business Combination. Investors and security holders may obtain more detailed information regarding the names, and interests in the Business Combination, of Launch One’s directors and officers in Pubco’s and Launch One’s filings with the SEC, including, when filed with the SEC, the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, amendments and supplements thereto, and other documents filed with the SEC. Such information with respect to Minovia’s directors and executive officers will also be included in the proxy statement/prospectus. You may obtain free copies of these documents as described above under the heading “Additional Information and Where to Find It.”
Non-Solicitation
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Launch One, Pubco, or Minovia, nor shall there be any sale of any such 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 such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.
Forward-Looking Statements
This press release includes certain statements that may be considered forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include, without limitation, statements about future events or Minovia’s, Launch One’s, or Pubco’s future financial or operating performance. For example, statements regarding the development and regulatory approval of MNV-201, the implications of Fast Track Designation, RPD and PRVs and the timing of future clinical trials or potential applications are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “potential” or “continue,” or the negatives of these terms or variations of them or similar terminology.
These forward-looking statements regarding future events and the future results of Minovia or Launch One are based on current expectations, estimates, forecasts, and projections about the industry in which Minovia or Launch One operates, as well as the beliefs and assumptions of Minovia’s and Launch One’s management. These forward-looking statements are only predictions and are subject to, without limitation, (i) known and unknown risks, including the risks and uncertainties indicated from time to time in the final prospectus of Launch One relating to its initial public offering filed with the SEC, including those under “Risk Factors” therein, and other documents filed or to be filed with the SEC by Launch One or Pubco; (ii) uncertainties; (iii) assumptions; and (v) other factors beyond Minovia’s or Launch One’s control that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. They are neither statements of historical fact nor promises or guarantees of future performance. Therefore, Minovia’s actual results may differ materially and adversely from those expressed or implied in any forward-looking statements and Minovia and Launch One therefore caution against relying on any of these forward-looking statements.
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Minovia and its management, as the case may be, are inherently uncertain and are inherently subject to risks, variability and contingencies, many of which are beyond Minovia’s or Launch One’s control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement and any subsequent definitive agreements with respect to the Business Combination; (ii) the outcome of any legal proceedings that may be instituted against Launch One, Minovia, Pubco, or others following the announcement of the Business Combination and any definitive agreements with respect thereto; (iii) the inability to complete the Business Combination due to the failure to obtain consents and approvals of the shareholders of Launch One and Minovia, to obtain financing to complete the Business Combination or to satisfy other conditions to closing, or delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals required to complete the transactions contemplated by the Business Combination Agreement; (iv) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (v) projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, and the estimated implied enterprise value of Minovia; (vi) Minovia’s ability to scale and grow its business, and the advantages and expected growth of Minovia; (vii) Minovia’s ability to source and retain talent, and the cash position of Minovia following closing of the Business Combination; (viii) the ability to meet stock exchange listing standards in connection with, and following, the consummation of the Business Combination; (ix) the risk that the Business Combination disrupts current plans and operations of Minovia as a result of the announcement and consummation of the Business Combination; (x) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of Minovia to grow and manage growth profitably, maintain key relationships and retain its management and key employees; (xi) costs related to the Business Combination; (xii) changes in applicable laws, regulations, political and economic developments; (xiii) the possibility that Minovia may be adversely affected by other economic, business and/or competitive factors; (xiv) Minovia’s estimates of expenses and profitability; (xv) the failure to realize estimated shareholder redemptions, purchase price and other adjustments; and (xvi) other risks and uncertainties set forth in the filings by Launch One and Minovia with the SEC. There may be additional risks that neither Launch One nor Minovia presently know or that Launch One and Minovia currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements made by or on behalf of Launch One or Minovia speak only as of the date they are made. Neither Launch One nor Minovia undertakes any obligation to update any forward-looking statements to reflect any changes in their respective expectations with regard thereto or any changes in events, conditions or circumstances on which any such statements are based.
Contact
Minovia Therapeutics Ltd.
Natalie Yivgi Ohana, Co-Founder and CEO
+972-74-7039954
info@minoviatx.com
Launch One Acquisition Corp.
Jurgen van de Vyver
jurgen@launchpad.vc
+1-510-692-9600
Investor Relations
Dave Gentry, CEO
RedChip Companies
+1-407-644-4256
LPAA@redchip.com
Investor Relations
Jules Abraham
Managing Director, Communications
CORE IR
1-212-655-0924
Julesa@coreir.com
Source: US State of Connecticut
By the end of the year, Erin Leigh Boughamer will have attended more the 50 weddings – 31 of them in 2025 and all of them since 2022.
It’s not that a tribe of friends are spontaneously making trips down the aisle, or even children of friends or friends of her children. It’s not that she’s stuck in a loop of invite after invite, caught in some practical joke or on a list of reception seat fillers.
Boughamer ’94 (SFA) is an event painter, a wedding artist who now makes a living by focusing on flowers and gowns, first dances and first looks. The artwork she produces for each couple is the gift of a lifetime, keepsakes meant to endure until death do they part.
At least one time, though, she was the gift, when a groom-to-be arranged for her to live-paint their first private dance as a token of affection for his bride.
“She started crying,” Boughamer says of the reveal. “The bride was walking through the reception room before the guests came in to look around at everything she had chosen for their decorations. She walked up to me thinking I was with the venue, when he looked at her and said, ‘This is my gift to you.’ Witnessing that beautiful little moment between the two of them was precious, and one I won’t soon forget.”
When Boughamer left UConn three decades ago with a degree in graphic design from the School of Fine Arts, event painting hadn’t yet become part of bridal vocabulary. People talked about videographers and photographers to document the day, not painters to encapsulate a single moment.
To ask her back then if she foresaw herself with a wardrobe of dressy pantsuits, each with at least a little dollop of acrylic paint on them, she’d have said no way. Then again, she might have said no way to some of the other professions she’s held along the way.
House stager. Interior designer. Children’s clothing designer. Private art teacher. Crafter on the green. Marketer. Public school teacher. Business owner. Entrepreneur. Gallery artist.
There might even be more, as she dabbled in small creative outlets through the years while staying home to raise her children. The last few, however, have been the most influential on her work today, all coming over the last 12 years as she set out on an unintentional quest to find her spark.
“Every time I go in the studio, whether I’m cleaning and organizing it, drawing and painting, or simply making sketches that aren’t a beautiful end product, just doing something, anything, I come out happy every single time,” Boughamer says. “I think we’re all like that. We all need to have some form of expression. We’ve gotten to the point where life is all work, family, house chores, go to bed, and do it again. We don’t allow ourselves the time or the space to express ourselves or be creative. I think even the simplest act of creating can keep us sane.”
Around 2013, Boughamer moved into the workforce full time when her two kids were older and took a job in network marketing selling health and wellness products, a job that was far from the world of art but nonetheless important to her future.
It’s where she learned branding, public speaking, and sales pitching. She learned how to approach people and how to talk to them. She learned how to sell someone something by sharing her story and building relationships. These were business skills that hadn’t been offered before, and it was a job that inadvertently gave her a business education.
So, when she came across the then-burgeoning paint-and-sip industry – those popular paint nights that usually involve a group of people noshing on hors d’oeurves and sipping beverages while being guided through a painting project – she’d gained the business know-how to move ahead with her own.
Paint Sip Fun became a near overnight success, Boughamer says, with she and 30 part-timers teaching sometimes two to three classes a day at restaurants, banquet halls, private residences, bars, and other places all around Connecticut and Massachusetts.
One class drew 198 students and required 10 assistants – and was the best time ever, she says.
What really makes my heart sing is that person coming in, saying, ‘I can’t even draw a straight line,’ and walking out two hours later saying, ‘I did that.’ That’s what really makes me happy, helping others to reignite that creative flame that lies dormant inside most of us. — Erin Leigh Boughamer ’94 (SFA)
“What really makes my heart sing is that person coming in, saying, ‘I can’t even draw a straight line,’ and walking out two hours later saying, ‘I did that.’ That’s what really makes me happy, helping others to reignite that creative flame that lies dormant inside most of us,” she says.
Back when she was selling health products, there was a point when Boughamer asked herself why that job. Was it to just to make money? Was it just to pay the bills? Was it to sharpen a business acumen? The answer boiled down to something pretty simple.
She found fulfillment in empowering others, whether to transform their bodies or draw a straight line.
“If you don’t have that drive, that passion, that fire, you’re going to fizzle out. I want to make an impact on other people’s lives,” she says of her impulse. “I want the woman who hasn’t done art since the third grade be amazed by what she’s created at the end of a class.”
Even as the pandemic put a temporary end to in-person group classes, each night for three months Boughamer got on social media at 6 p.m. to talk people through an art project with supplies they had at home.
This is how you can draw with a crayon. Here’s what a marker can do. Do you have a pencil? It’s a dream tool for blending and shading.
That maintained her clientele, who when they left their houses as pandemic restrictions lifted, clamored for her to open a physical studio, and while she did in Somers for about 18 months, Boughamer’s own life had taken a turn.
She’d gone back to school to earn a teaching degree and by now was working with school-aged children. Running a physical location while working full time proved incompatible, so she returned to the flexibility of a mobile paint-and-sip model.
And then, lightning struck while leading a class for a bridal party.
“’Can you live paint my wedding?’” Boughamer says the bride-to-be asked her. “I was confused. ‘What are you talking about?’ She explained it to me, showed me pictures, and I agreed. Then, a couple people randomly found me in 2023, probably from a social post, and last year I decided to give it a go. 2024 was really my first year in the event painting business, as that’s when I created a website and started marketing at bridal shows.”
Last year brought her to 18 weddings, earning enough to outpace what she made as a public school teacher. This year has her at 31 weddings – three over Memorial Day weekend alone – and now contemplating whether to shift her professional efforts solely to Paint Sip Fun and Event Painting by Erin, along with some gallery work.
She also paints live at fundraisers and charity auctions, with her first on Nantucket last summer for the Great Harbor Yacht Club Foundation to help with its efforts to preserve Nantucket Harbor.
“It’s not that I don’t like teaching in schools, I do, I just want to build the businesses properly. I want to really set the foundation and proper business structure,” she says, adding that she’s on the hunt for a business coach to help.
Art was something gifted to Boughamer in part through genetics. Her grandmother: artist. Aunt: artist. Mom: crafty. Dad: encouraging, with a side of business savvy.
She started at UConn as a psychology major, earning a D and D- in those first two intro classes, mostly because she wasn’t interested in the subject matter. But her GPA was bolstered by the A+ in the elective art class she took.
“When I got home after freshman year, my dad sat me down and asked me why I wasn’t doing something with art. ‘Clearly, you’re good at it. You got an A+ in your elective drawing class. Why don’t you take it seriously?’ I looked at him and said, ‘I can do that?’ I didn’t know I could. From then on, it never stopped,” she says.
A couple years ago, Boughamer says she started to get restless and sought to find her art, the work that would show the world the contradictory bohemian and reserved parts of her personality, born of the free spirit side of her dad and the pearls-and-heels influence of her mom.
The series that developed, “Calming Chaos,” puts on canvas her love for architectural, geometric shapes alongside a freeform, almost carefree style of painting. After hours, in her studio at home in Hampden, Massachusetts, she says one could find her literally throwing paint one minute and the next sitting with a ruler and compass.
“I had this series almost done, and I thought how poignant it would be if I could show it at the place where my whole art career began,” she says, explaining she called Emily Murray, alumni relations director at the UConn Foundation, with whom she’d worked before, to ask if UConn had a place.
The Jorgensen Gallery agreed, and in March, Boughamer, as Fine Art by Erin, returned to her alma mater as a gallery artist, having created several canvas pieces as large as 5-by-6-feet as showstoppers. She sold four artworks from the show to collectors in New York City.
The opening fed her soul, and now she’s in the thick of wedding season.
“It’s kind of a throwback to the old days,” she says of live wedding painting. “Before the camera was invented, all couples had to remember their day was a painting. It’s almost full circle that way. Brides these days want an heirloom keepsake and instead of having a photo like we had, it’s a painting.”
Live wedding painting, while somewhat a new add-on to weddings in the Northeast, started to migrate from California about a decade ago, Boughamer says, working its way through the country, artist by artist, who now talk shop on social media about things like contract language and technique.
With her couples, though, Boughamer talks about what moment they want to preserve, but the answer to that oftentimes comes only after answering the second question.
Is it important to include the bride’s bouquet in the painting? If so, then the first dance in which the couple would be holding each other and not likely the bouquet, probably is out of contention. Is grandma’s pearl necklace an important detail? If so, the back of the couple’s heads or even a side view at the altar probably wouldn’t work so well.
Is there a visible tattoo that ought not be overlooked? Should the dogs somehow be set in the scene? How much of the architecture and décor of the barn, ballroom, reception hall, church, outdoor garden should be in the background? The bride has on a cape not a veil. Yes, the cape should be included, how can that be best emphasized?
“I ask these things for two reasons. First, this is something the couple is going to stare at the rest of their lives. Second, the very first bride was very particular and knew she wanted the dipping kiss pose because she was wearing Christian Louboutin red-bottom shoes and wanted them in the painting,” Boughamer says. “The painting has to be really tailored to exactly what the couple is looking for.”
The betrothed also must decide if they want any of the other painting options Boughamer offers – guest paintings, 5-by-7-inch watercolor illustrations of each guest often given as favors, and collaborative paintings that engage the artistic efforts of guests in a sort of paint by number kind of way.
In one instance, the couple had restored an old truck together and mentioned to Boughamer there’s a special dirt road where they like to take it. So, she grabbed photos of the road and the truck and painted the focal point of the truck in the piece, sectioning off the rest of the canvas into little blocks for each guest to contribute.
One by one, she gives each guest an art lesson, handing them a palette of paint and instructing them exactly how to layer it on. Nervous guests who can’t even draw a straight line are reassured: it’s a very small area; no, they can’t mess it up. She won’t put red paint on the palette for a guest who’s painting the water in a beach scene.
An added bonus is a photograph of each guest in the act, pictures added to a guest-autographed book and given to the couple.
Boughamer relies on photographs for much of her live event work, taking pictures of the dogs to add in later, or the gardens, or the mountains in the distance, because most of the canvases get finished back in her studio – another 20 to 40 hours of work ahead.
“Some weddings are more quiet and more subdued, while some are just a flat-out party,” she says. “I enjoy all of them because I like being with people and interacting with guests. I have yet to be at a wedding where someone didn’t come talk to me and express amazement by what I do.”
Usually, guests remark that they can’t wait to see the final product, and since that’ll likely happen back in the studio, she gives blank note cards depicting the piece to each couple for use as thank yous.
People have an intrinsic desire to be creative, she says. Just watching a painting being done in real-time can be invigorating; it’s like watching the birth of something from nothing.
“We are creative creatures whether you’re creating dinner, creating a garden, creating a spreadsheet, or creating an outfit for the day. Everyone creates something, it doesn’t matter what. It’s our human nature to create,” she says.
Source: GlobeNewswire (MIL-OSI)
FORT WORTH, Texas, June 30, 2025 (GLOBE NEWSWIRE) — HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced that it intends to offer, subject to market and customary conditions, $725 million aggregate principal amount of senior notes due 2030 (the “Notes”) in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers (the “Offering”).
The Company intends to use the net proceeds from the Offering, together with borrowings under a new revolving credit facility it expects to enter into in connection with the Offering, to fully repay its existing term loan credit agreement.
The Notes to be offered will not be registered under the Securities Act or under any state or other securities laws, and will be issued pursuant to an exemption therefrom, and may not be offered or sold within the United States, or to or for the account or benefit of any U.S. person, absent registration or an applicable exemption from registration requirements.
The Notes are being offered only to persons who are either reasonably believed to be “qualified institutional buyers” under Rule 144A or who are non-“U.S. persons” under Regulation S as defined under applicable securities laws.
This press release does not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell 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.
About HighPeak Energy, Inc.
HighPeak Energy, Inc. is a publicly traded independent crude oil and natural gas company, headquartered in Fort Worth, Texas, focused on the acquisition, development, exploration and exploitation of unconventional crude oil and natural gas reserves in the Midland Basin in West Texas.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, with respect to the offering and the use of proceeds. These forward-looking statements, including statements regarding the intention, completion, timing and option relating to the offering, represent the Company’s expectations or beliefs concerning future events. These forward-looking statements are subject to risks and uncertainties related to market conditions and the satisfaction of customary closing conditions related to the offering. There can be no assurance that the Company will be able to complete the offering. When used in this document, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date on which they are made. The Company cautions you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company, incident to the development, production, gathering and sale of oil, natural gas and natural gas liquids.
Investor Contact:
Ryan Hightower
Vice President, Business Development
817.850.9204
rhightower@highpeakenergy.com
Source: HighPeak Energy, Inc.
Source: The Conversation – USA (2) – By Magali A. Delmas, Professor of Management, Institute of the Environment and Sustainability, Anderson School of Management, University of California, Los Angeles
Since the early 1990s, the small blue Energy Star label has appeared on millions of household appliances, electronics and even buildings across the United States. But as the Trump administration considers terminating some or all of the program, it is worth a look at what exactly this government-backed label means, and why it has become one of the most recognizable environmental certifications in the country.
Energy Star was launched by the U.S. Environmental Protection Agency in 1992 and later expanded in partnership with the Department of Energy with a simple goal: making it easier for consumers and businesses to choose energy-efficient products, helping them reduce energy use and save money, without sacrificing quality or performance.
As a scholar of energy conservation, I have studied the Energy Star program’s development and public impact, including how it has shaped consumer behavior and environmental outcomes.
According to the EPA, it has saved consumers an average of US$15 billion a year on energy costs since its inception, a massive return on a program that costs taxpayers an estimated $32 million a year.
When you see an Energy Star label on a product, it means that product has met strict energy efficiency standards set by the EPA in collaboration with the U.S. Department of Energy, which tests how much energy appliances use. The federal agencies also consult with product manufacturers, utilities and others to figure out how best to improve products and determine how cost-effective changes might be.
Products that earn the Energy Star certification typically use significantly less energy than standard models, often between 10% and 50% less. The energy – and financial – savings can add up quickly, especially when homes or buildings have multiple Energy Star appliances and systems.
Energy Star itself does not manufacture or sell products. Instead, it acts as a trusted third-party certifier, providing consumers and businesses with reliable information and clear labeling. It also offers information to help people estimate energy savings and compare long-term costs, making it easier to identify high-performing, cost-effective options. Manufacturers participating in Energy Star seek to improve their environmental reputation and increase their market share, giving them a strong incentive to meet the program’s efficiency criteria.
Today, the label appears on refrigerators, dishwashers, laptops, commercial buildings and even newly built homes. The government says people in more than 90% of American households recognize the label.
Energy Star seeks to tackle a wide range of problems that can result in people deciding not to buy energy-efficient products.
One problem is that efficient models often come with higher up-front costs. While efficient models save money over time, that higher purchase price can discourage buyers. Energy Star helps counter this problem by clearly showing how much money can be saved on energy costs over the lifetime of the product – as compared with noncertified products – and by offering rebates that reduce the initial expense.
Another problem involves what economists call “split incentives.” A landlord might not want to pay a higher price up front for energy-efficient appliances if the tenants are the ones who will save money on the utility bills. And renters may not want to spend a lot of money on appliances or equipment in a place they do not own. Energy Star tries to bridge this divide by promoting whole-building certifications, which encourage landlords to invest in their buildings’ energy efficiency with the goal of making their properties more attractive to tenants.
The countless varieties of refrigerators, dishwashers, air conditioners and other items on the market can also create confusion. Consumers who just look at manufacturers’ promotional material may find it very hard to determine which appliances truly deliver better energy efficiency. The Energy Star label makes this comparison easier: If the label is there, it is among the most efficient choices available.
And consumers are often skeptical of manufacturers’ claims – especially when it comes to new technologies or environmental promises. Energy Star’s status as a program backed by the government, rather than a private company, gives it a level of independence and credibility that many other labels lack. People know the certification is based on science, not sales tactics.
Lastly, Energy Star helps overcome the problem that many people are not aware of how much energy their appliances consume, or how those choices contribute to climate change. By connecting everyday products to larger environmental outcomes, Energy Star helps consumers understand the effects of their decisions, without needing to become energy experts.
Since its inception, more than 800,000 appliance models have earned Energy Star certification based on the criteria for their type of product.
The same principles that make the label valuable for consumer appliances – independent certification, clear metrics and a focus on results – have proved equally effective in real estate. Nearly 45,000 commercial buildings and industrial plants have earned certification. And there have been more than 2.5 million Energy Star-certified homes and apartments built in the U.S.
In 2023 alone, over 190,000 new homes and apartments were certified, representing more than 12% of all new residential construction nationwide.
Energy Star-certified homes are designed to be at least 10% more energy efficient than those built to standard building codes, with more insulation and windows and lights that are energy-efficient, as well as appliances. These enhancements can translate to better quality, comfort and long-term cost savings for homeowners.
Commercial buildings, which account for about 18% of total U.S. energy use, have also benefited substantially. Research I was involved in found that certified commercial buildings use an average of 19% less energy than their noncertified counterparts.
Energy Star’s status as a government-led label contributes to its credibility as a more neutral and science-based source of information than commercial labels.
Energy Star’s government connections also bring scale: By requiring federal purchases to have Energy Star certifications, the federal government can influence manufacturers. For example, a federal executive order in 1993 required government agencies to purchase only computers that had been Energy Star-certified, which required them to have energy-saving sleep functions.
In response, manufacturers began including the feature so they could sell their products to the government. Consumers soon came to expect the sleep feature on all computers.
Energy Star does not grab headlines. It does not rely on regulation or mandates. Yet it has quietly become one of the most effective tools the U.S. has for improving energy efficiency across homes, offices and public buildings.
That said, the program is not without its limitations. Some critics have pointed out that not all certified products consistently perform at the highest efficiency levels. Other critics note that the benefits of Energy Star are more accessible to wealthier consumers who can afford up-front investments, even with available rebates. And the EPA itself has, at times, struggled to manage the certification process and update standards in line with the latest technological advances.
At a time when energy costs and climate concerns are rising, Energy Star stands out as a rare example of a practical, nonpartisan program that delivers real benefits. It helps individuals, businesses and communities save money, lower emissions and take part in a more sustainable future – one smart decision at a time.
Magali Delmas received funding from the US EPA in 2002 for research on Environmental Management Strategies and Corporate Performance.
– ref. Energy Star, on the Trump administration’s target list, has a long history of helping consumers’ wallets and the planet – https://theconversation.com/energy-star-on-the-trump-administrations-target-list-has-a-long-history-of-helping-consumers-wallets-and-the-planet-258152
MIL OSI –
Source: The Conversation – USA (2) – By Magali A. Delmas, Professor of Management, Institute of the Environment and Sustainability, Anderson School of Management, University of California, Los Angeles
Since the early 1990s, the small blue Energy Star label has appeared on millions of household appliances, electronics and even buildings across the United States. But as the Trump administration considers terminating some or all of the program, it is worth a look at what exactly this government-backed label means, and why it has become one of the most recognizable environmental certifications in the country.
Energy Star was launched by the U.S. Environmental Protection Agency in 1992 and later expanded in partnership with the Department of Energy with a simple goal: making it easier for consumers and businesses to choose energy-efficient products, helping them reduce energy use and save money, without sacrificing quality or performance.
As a scholar of energy conservation, I have studied the Energy Star program’s development and public impact, including how it has shaped consumer behavior and environmental outcomes.
According to the EPA, it has saved consumers an average of US$15 billion a year on energy costs since its inception, a massive return on a program that costs taxpayers an estimated $32 million a year.
When you see an Energy Star label on a product, it means that product has met strict energy efficiency standards set by the EPA in collaboration with the U.S. Department of Energy, which tests how much energy appliances use. The federal agencies also consult with product manufacturers, utilities and others to figure out how best to improve products and determine how cost-effective changes might be.
Products that earn the Energy Star certification typically use significantly less energy than standard models, often between 10% and 50% less. The energy – and financial – savings can add up quickly, especially when homes or buildings have multiple Energy Star appliances and systems.
Energy Star itself does not manufacture or sell products. Instead, it acts as a trusted third-party certifier, providing consumers and businesses with reliable information and clear labeling. It also offers information to help people estimate energy savings and compare long-term costs, making it easier to identify high-performing, cost-effective options. Manufacturers participating in Energy Star seek to improve their environmental reputation and increase their market share, giving them a strong incentive to meet the program’s efficiency criteria.
Today, the label appears on refrigerators, dishwashers, laptops, commercial buildings and even newly built homes. The government says people in more than 90% of American households recognize the label.
Energy Star seeks to tackle a wide range of problems that can result in people deciding not to buy energy-efficient products.
One problem is that efficient models often come with higher up-front costs. While efficient models save money over time, that higher purchase price can discourage buyers. Energy Star helps counter this problem by clearly showing how much money can be saved on energy costs over the lifetime of the product – as compared with noncertified products – and by offering rebates that reduce the initial expense.
Another problem involves what economists call “split incentives.” A landlord might not want to pay a higher price up front for energy-efficient appliances if the tenants are the ones who will save money on the utility bills. And renters may not want to spend a lot of money on appliances or equipment in a place they do not own. Energy Star tries to bridge this divide by promoting whole-building certifications, which encourage landlords to invest in their buildings’ energy efficiency with the goal of making their properties more attractive to tenants.
The countless varieties of refrigerators, dishwashers, air conditioners and other items on the market can also create confusion. Consumers who just look at manufacturers’ promotional material may find it very hard to determine which appliances truly deliver better energy efficiency. The Energy Star label makes this comparison easier: If the label is there, it is among the most efficient choices available.
And consumers are often skeptical of manufacturers’ claims – especially when it comes to new technologies or environmental promises. Energy Star’s status as a program backed by the government, rather than a private company, gives it a level of independence and credibility that many other labels lack. People know the certification is based on science, not sales tactics.
Lastly, Energy Star helps overcome the problem that many people are not aware of how much energy their appliances consume, or how those choices contribute to climate change. By connecting everyday products to larger environmental outcomes, Energy Star helps consumers understand the effects of their decisions, without needing to become energy experts.
Since its inception, more than 800,000 appliance models have earned Energy Star certification based on the criteria for their type of product.
The same principles that make the label valuable for consumer appliances – independent certification, clear metrics and a focus on results – have proved equally effective in real estate. Nearly 45,000 commercial buildings and industrial plants have earned certification. And there have been more than 2.5 million Energy Star-certified homes and apartments built in the U.S.
In 2023 alone, over 190,000 new homes and apartments were certified, representing more than 12% of all new residential construction nationwide.
Energy Star-certified homes are designed to be at least 10% more energy efficient than those built to standard building codes, with more insulation and windows and lights that are energy-efficient, as well as appliances. These enhancements can translate to better quality, comfort and long-term cost savings for homeowners.
Commercial buildings, which account for about 18% of total U.S. energy use, have also benefited substantially. Research I was involved in found that certified commercial buildings use an average of 19% less energy than their noncertified counterparts.
Energy Star’s status as a government-led label contributes to its credibility as a more neutral and science-based source of information than commercial labels.
Energy Star’s government connections also bring scale: By requiring federal purchases to have Energy Star certifications, the federal government can influence manufacturers. For example, a federal executive order in 1993 required government agencies to purchase only computers that had been Energy Star-certified, which required them to have energy-saving sleep functions.
In response, manufacturers began including the feature so they could sell their products to the government. Consumers soon came to expect the sleep feature on all computers.
Energy Star does not grab headlines. It does not rely on regulation or mandates. Yet it has quietly become one of the most effective tools the U.S. has for improving energy efficiency across homes, offices and public buildings.
That said, the program is not without its limitations. Some critics have pointed out that not all certified products consistently perform at the highest efficiency levels. Other critics note that the benefits of Energy Star are more accessible to wealthier consumers who can afford up-front investments, even with available rebates. And the EPA itself has, at times, struggled to manage the certification process and update standards in line with the latest technological advances.
At a time when energy costs and climate concerns are rising, Energy Star stands out as a rare example of a practical, nonpartisan program that delivers real benefits. It helps individuals, businesses and communities save money, lower emissions and take part in a more sustainable future – one smart decision at a time.
Magali Delmas received funding from the US EPA in 2002 for research on Environmental Management Strategies and Corporate Performance.
– ref. Energy Star, on the Trump administration’s target list, has a long history of helping consumers’ wallets and the planet – https://theconversation.com/energy-star-on-the-trump-administrations-target-list-has-a-long-history-of-helping-consumers-wallets-and-the-planet-258152
MIL OSI –
Source: The Conversation – USA (2) – By Magali A. Delmas, Professor of Management, Institute of the Environment and Sustainability, Anderson School of Management, University of California, Los Angeles
Since the early 1990s, the small blue Energy Star label has appeared on millions of household appliances, electronics and even buildings across the United States. But as the Trump administration considers terminating some or all of the program, it is worth a look at what exactly this government-backed label means, and why it has become one of the most recognizable environmental certifications in the country.
Energy Star was launched by the U.S. Environmental Protection Agency in 1992 and later expanded in partnership with the Department of Energy with a simple goal: making it easier for consumers and businesses to choose energy-efficient products, helping them reduce energy use and save money, without sacrificing quality or performance.
As a scholar of energy conservation, I have studied the Energy Star program’s development and public impact, including how it has shaped consumer behavior and environmental outcomes.
According to the EPA, it has saved consumers an average of US$15 billion a year on energy costs since its inception, a massive return on a program that costs taxpayers an estimated $32 million a year.
When you see an Energy Star label on a product, it means that product has met strict energy efficiency standards set by the EPA in collaboration with the U.S. Department of Energy, which tests how much energy appliances use. The federal agencies also consult with product manufacturers, utilities and others to figure out how best to improve products and determine how cost-effective changes might be.
Products that earn the Energy Star certification typically use significantly less energy than standard models, often between 10% and 50% less. The energy – and financial – savings can add up quickly, especially when homes or buildings have multiple Energy Star appliances and systems.
Energy Star itself does not manufacture or sell products. Instead, it acts as a trusted third-party certifier, providing consumers and businesses with reliable information and clear labeling. It also offers information to help people estimate energy savings and compare long-term costs, making it easier to identify high-performing, cost-effective options. Manufacturers participating in Energy Star seek to improve their environmental reputation and increase their market share, giving them a strong incentive to meet the program’s efficiency criteria.
Today, the label appears on refrigerators, dishwashers, laptops, commercial buildings and even newly built homes. The government says people in more than 90% of American households recognize the label.
Energy Star seeks to tackle a wide range of problems that can result in people deciding not to buy energy-efficient products.
One problem is that efficient models often come with higher up-front costs. While efficient models save money over time, that higher purchase price can discourage buyers. Energy Star helps counter this problem by clearly showing how much money can be saved on energy costs over the lifetime of the product – as compared with noncertified products – and by offering rebates that reduce the initial expense.
Another problem involves what economists call “split incentives.” A landlord might not want to pay a higher price up front for energy-efficient appliances if the tenants are the ones who will save money on the utility bills. And renters may not want to spend a lot of money on appliances or equipment in a place they do not own. Energy Star tries to bridge this divide by promoting whole-building certifications, which encourage landlords to invest in their buildings’ energy efficiency with the goal of making their properties more attractive to tenants.
The countless varieties of refrigerators, dishwashers, air conditioners and other items on the market can also create confusion. Consumers who just look at manufacturers’ promotional material may find it very hard to determine which appliances truly deliver better energy efficiency. The Energy Star label makes this comparison easier: If the label is there, it is among the most efficient choices available.
And consumers are often skeptical of manufacturers’ claims – especially when it comes to new technologies or environmental promises. Energy Star’s status as a program backed by the government, rather than a private company, gives it a level of independence and credibility that many other labels lack. People know the certification is based on science, not sales tactics.
Lastly, Energy Star helps overcome the problem that many people are not aware of how much energy their appliances consume, or how those choices contribute to climate change. By connecting everyday products to larger environmental outcomes, Energy Star helps consumers understand the effects of their decisions, without needing to become energy experts.
Since its inception, more than 800,000 appliance models have earned Energy Star certification based on the criteria for their type of product.
The same principles that make the label valuable for consumer appliances – independent certification, clear metrics and a focus on results – have proved equally effective in real estate. Nearly 45,000 commercial buildings and industrial plants have earned certification. And there have been more than 2.5 million Energy Star-certified homes and apartments built in the U.S.
In 2023 alone, over 190,000 new homes and apartments were certified, representing more than 12% of all new residential construction nationwide.
Energy Star-certified homes are designed to be at least 10% more energy efficient than those built to standard building codes, with more insulation and windows and lights that are energy-efficient, as well as appliances. These enhancements can translate to better quality, comfort and long-term cost savings for homeowners.
Commercial buildings, which account for about 18% of total U.S. energy use, have also benefited substantially. Research I was involved in found that certified commercial buildings use an average of 19% less energy than their noncertified counterparts.
Energy Star’s status as a government-led label contributes to its credibility as a more neutral and science-based source of information than commercial labels.
Energy Star’s government connections also bring scale: By requiring federal purchases to have Energy Star certifications, the federal government can influence manufacturers. For example, a federal executive order in 1993 required government agencies to purchase only computers that had been Energy Star-certified, which required them to have energy-saving sleep functions.
In response, manufacturers began including the feature so they could sell their products to the government. Consumers soon came to expect the sleep feature on all computers.
Energy Star does not grab headlines. It does not rely on regulation or mandates. Yet it has quietly become one of the most effective tools the U.S. has for improving energy efficiency across homes, offices and public buildings.
That said, the program is not without its limitations. Some critics have pointed out that not all certified products consistently perform at the highest efficiency levels. Other critics note that the benefits of Energy Star are more accessible to wealthier consumers who can afford up-front investments, even with available rebates. And the EPA itself has, at times, struggled to manage the certification process and update standards in line with the latest technological advances.
At a time when energy costs and climate concerns are rising, Energy Star stands out as a rare example of a practical, nonpartisan program that delivers real benefits. It helps individuals, businesses and communities save money, lower emissions and take part in a more sustainable future – one smart decision at a time.
Magali Delmas received funding from the US EPA in 2002 for research on Environmental Management Strategies and Corporate Performance.
– ref. Energy Star, on the Trump administration’s target list, has a long history of helping consumers’ wallets and the planet – https://theconversation.com/energy-star-on-the-trump-administrations-target-list-has-a-long-history-of-helping-consumers-wallets-and-the-planet-258152
MIL OSI –
Source: The Conversation – UK – By Damian Tobin, Lecturer in International Business, University College Cork
Nato leaders agreed to ramp up defence spending to 5% of their countries’ economic output by 2035 at a summit in The Hague, Netherlands, on June 25. US president Donald Trump, who has spent months saying Europe should take more responsibility for its own security, described the pledge as “a monumental win for the US” and a “big win” for western civilisation.
A few months earlier, in March, the EU also launched its long-awaited white paper on defence. This provides a blueprint for improving Europe’s readiness to respond to military threats by 2030. On top of the fact that global military spending has surged in the past ten years, these developments indicate that the world’s largest nations now prioritise military over economic diplomacy.
One of the main ideas behind military diplomacy is that increased defence spending acts as a deterrent to future conflicts. The nuclear arms race between the US and Soviet Union during the cold war provides some support for this argument. The prospect of mutual destruction was so great that it acted as a deterrent to nuclear war.
But is increased defence spending really the necessary price for greater peace and prosperity? My research on interactions between firms, geopolitics and the political economy of defence indicates that this is no “big win” for society or economic productivity.
Deterrence requires a level of brinkmanship if it is to work. But as American economist Thomas Schelling pointed out in his 1960 book, The Strategy of Conflict, the problem with brinkmanship is that it relies on deliberately allowing a situation to get somewhat out of hand, with the intention of forcing the other party to back down.
This can result in strategic blunders. Efforts by the former US president, Richard Nixon, to engineer such a situation in 1969 by threatening to use nuclear weapons in Vietnam failed to gain credibility with the Soviets and North Vietnamese. This undoubtedly helped convince North Vietnam that it could survive the war and locked the US into a much longer conflict.
The recent confrontation between Israel and Iran also showed that brinkmanship can produce situations where there are significant casualties and no clear long-term resolution. Iran has long recognised that keeping itself near the threshold of nuclear weapons capability would offer a deterrent against external threats.
But this strategy created many opportunities for error. Israel claimed that Iran was too close to building a nuclear weapon and, alongside the US, launched strikes that they say inflicted significant damage on Iranian nuclear enrichment capabilities and military leadership.
Read more:
Israeli aggression and Iranian nuclear brinkmanship made this confrontation all but inevitable
Beyond this, it is unclear just how much military spending is needed to deter aggression. Nato allies have now committed to a big increase in defence spending – thanks largely to pressure from Trump.
However, even Nato’s previous objective that countries commit 2% of their national income to defence has proved unattractive for many governments. This has even been the case in post-conflict areas such as the Balkans, where Nato has had a heavy involvement.
Boosting defence spending falls short on delivering economic prosperity, too. Analysing US military spending in the Vietnam war, economist Les Fishman noted in 1967 that military diplomacy was far more costly than its economic equivalent.
Military production requires continuously high levels of investment to maintain technological progress. This sucks public investment from other parts of the economy.
That’s not to say defence spending has an entirely negative effect on the economy. Studies have found evidence that US federal funding of military research and development results in significant increases in private business research in sectors such as chemicals and aerospace.
And, over the past decade, the value of venture capital deals in the US defence industry has grown 18-fold. This far outstrips sectors such as energy and healthcare. But such investment in military-related research and development is also often acknowledged as inefficient and not necessarily the best way to boost productivity.
Fishman pointed out that the Marshall Plan, which provided substantial economic aid to western Europe after the second world war, had a far higher return for the US.
Economic stabilisation kept the Soviet Union at bay for relatively small outlay compared to the Vietnam war, where casualties were of such a magnitude that it made any cost-benefit analysis meaningless.
Boosting defence spending also represents a lost opportunity to invest in more socially beneficial projects. This will worsen the climate crisis.
According to a study shared with the Guardian in May, the initial rearmament planned by Nato alone could have increased greenhouse gas emissions by almost 200 million tonnes a year. The expanded defence commitment will only increase this further.
Unlike defence, where the repurposing of civilian technologies for military uses carries a cost to society, many green investments involve beneficial substitutions that reduce the cost of a green transition.
The substitution of conventional fossil fuel heating and transport systems with heat pumps and electric vehicles, for example, is far more socially beneficial than repurposing civilian satellites for missile systems.
A final point is that military diplomacy is itself geopolitically destabilising. US efforts to contain communism in Asia during the 1950s and 1960s are a good example. Not only did such efforts see China align its trade with other communist states, it also ensured that self-reliance became a cornerstone of China’s economic strategy.
This all suggests that the current drive for deterrence-based military spending carries with it a huge cost for society that could ultimately prove economically wasteful and geopolitically destabilising.
Damian Tobin does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
– ref. Nato leaders pledge increased defence spending – is this really the price for peace and prosperity? – https://theconversation.com/nato-leaders-pledge-increased-defence-spending-is-this-really-the-price-for-peace-and-prosperity-255989
MIL OSI –
Source: The Conversation – Africa – By Misheck Mutize, Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town
Over the past two decades, African countries have increasingly turned to international capital markets to meet their development financing needs. For example, Kenya and Benin raised a combined US$2.5 billion through bond issuances during the first half of 2025. Proceeds were used to repay maturing bonds. This means new bonds, with unfavourable terms, are being issued to pay previous lenders.
Yet African bonds are substantially mispriced, resulting in excessively high yields that are not justified by fundamentals – based on economic, fiscal and institutional strengths. Mispricing occurs when a country has high economic growth, stable institutions that support government policy implementation, rule of law and accountability, yet its bonds trade at higher yields than those of its peers. In other words, there will be every reason for investors to trust that the country will repay what it owes, but they still expect a higher return. This is happening because of lack of information and biases perpetuated by global entities that are facilitating bond sells in Africa.
Côte d’Ivoire and Senegal have strong growth (5% to 6.5%), yet they face high yields on their bonds (7.8% to 8.2%) compared to Namibia and Morocco with approximately 3% growth and bond interest of 6%.
This mispricing imposes a heavy debt servicing burden on already constrained public budgets.
At the same time African countries face a puzzling paradox: while they’re paying more for the debt they’re raising, the demand for these bonds is much higher (oversubscribed). All bond issuances in Africa are subscribed by as much as over five times. This has only been common in Africa. It is puzzling why governments are not leveraging on the high demand to bargain for lower interest rates.
In my view, based on my bond pricing modelling expertise, I believe that mispricing of Eurobonds in Africa – debt instruments issued by a country in a currency different from its own – is not a market anomaly. It shows internal capacity failures in African countries, structural market biases and insufficient understanding of the complex mechanics of global debt markets.
Oversubscription of Eurobonds should be a source of power for African governments, not a missed opportunity. African countries can move from being price takers to price negotiators. They should be able to reduce debt costs, freeing up resources for development.
But to get there African countries need to address the power imbalance in the markets.
Governments need to invest in bond pricing expertise to increase their negotiating power.
There are several reasons why African bonds remain mispriced at a higher interest despite the oversubscriptions.
Firstly, a lack of technical expertise in primary bond issuance in the debt management offices of the majority of African governments. Very few on the continent have intelligence systems for gathering information on financial markets and formal investor relations programmes. Neither do they have in-house quantitative analysts or pricing specialists capable of engaging investment banks on an equal footing during roadshows and negotiations.
The debt management offices are unable to engage confidently and critically with financial intermediaries to challenge assumptions, simulate pricing scenarios and conduct their own comparative market analysis.
After initial public offers, most governments don’t engage with holders of their bonds on the secondary market. Nor do they monitor bond post-issuance performance. The lack of interest in the secondary market has created a feedback loop where poor market intelligence has contributed to high coupons on new issuances.
Secondly, advanced economies engage investors regularly through briefings, roadshows and timely reports. Communication by African governments is often ad hoc and usually limited to the period around a new bond issuance.
This prevents investors from forming informed, long-term views. It leads to a default risk premium in pricing.
Thirdly, debt issuance by African governments is often politically driven rather than strategically timed. Often this leads to rushed or ill-prepared entries.
Sometimes it’s done when the cost of debt is rising globally, close to election cycles, or because governments are facing a financial crunch caused by falling reserves.
Read more:
African governments have developed a taste for Eurobonds: why it’s dangerous
Fourth, African sovereigns often approach the Eurobond market with weak negotiating power. They are heavily reliant on a small pool of western investment banks as technical advisors to manage the bond issuance. These banks tend to be more inclined towards their own global investment client networks. Their incentives are not aligned with achieving the lowest possible yield for the issuers.
African issuers often accept the initial price guidance from advisors and agree to high yields even in oversubscribed situations. Even when demand could support a lower yield, African issuers fail to negotiate pricing downwards. Issuing syndicates have no incentive to push for optimal pricing for the issuer as they receive transaction-based fees.
Read more:
African countries aren’t borrowing too much: they’re paying too much for debt
The role of bond issuing syndicates is a major factor in the mispricing. In bond issuance, a syndicate is a group of financial institutions that structures the bond, price and market (also known bookbuilding), underwrite the unsold portion of the bond, sell the bond to their investors, and ensure compliance and documentation. These syndicates set coupon rates higher than necessary as a conservative hedge against perceived investor scepticism.
African governments have become passive participants rather than active price-setters. African-based bond syndicates are systematically bypassed despite growing regional capacity and distribution networks. Bond issues are also allocated to offshore buyers, sidelining local institutional investors.
To correct the systemic Eurobond mispricing and reduce debt servicing costs, African countries must undertake reforms.
First, governments should invest in debt management capacity.
Second, they must actively monitor secondary market trading to identify opportunities such as bond buybacks and exchanges that could improve the debt profile. Real-time analytics on bond trading performance should inform future issuance terms and investor communication strategies.
Third, governments must build institutional routines for submitting data, and proactively engage investors and rating agencies. This will challenge and influence risk assumptions. Investors need consistent assurances, especially on the ability to easily exit positions.
Fourth, African countries need to maintain and monitor up-to-date benchmarks from peers with comparable pricing data. Without accurate comparisons, it is difficult to know whether the proposed bond pricing by syndicates is fair and accurate. They must stop solely relying on what investment banks recommends.
Lastly, African governments should involve at least one African-based syndicate member, prioritise allocation to African institutional investors and promote regional arrangements with international banks to ensure knowledge transfer and equitable participation.
Misheck Mutize is affiliated with the African Union as a Lead Expert on Credit Ratings
– ref. African countries are bad at issuing bonds, so debt costs more than it should: what needs to change – https://theconversation.com/african-countries-are-bad-at-issuing-bonds-so-debt-costs-more-than-it-should-what-needs-to-change-257128
MIL OSI –
Source: City of Plymouth
Plymouth is supporting a national campaign to tackle anti-social behaviour (ASB).
This anti-social behaviour awareness week (30 June to 6 July) our Safer Communities Team will be joining forces with local community groups and partner agencies with activities designed to engage and educate communities about how to report incidents of ASB, and what the Safer Communities team do to help tackle cases in the city with our partners.
Councillor Sally Haydon, Cabinet Member for Community Safety, said: “It is key that we work together to continue tackling anti-social behaviour.
“Anti-social behaviour is any behaviour causing harassment, alarm or distress to a member of the public, Plymouth is a safe city, but we can always do more to stop anti-social behaviour.
“Working with our partners, we will be engaging with communities to help increase the confidence of reporting, we are united in tackling anti-social behaviour.”
Source: Government of India
Source: Government of India (4)
India’s industrial production recorded a modest growth of 1.2 per cent in May 2025, according to the latest Quick Estimates released under the revised calendar for the Index of Industrial Production (IIP).
The latest data shows a slight moderation in growth when compared to April 2025, when the IIP had registered an increase of 2.7 per cent. The overall index for May stood at 156.6, up from 154.7 in the corresponding month last year. Sector-wise, the manufacturing segment was the main driver, recording a growth of 2.6 per cent, even as the mining sector saw a marginal contraction of 0.1 per cent. The electricity sector, however, registered a significant decline, contracting by 5.8 per cent.
The detailed figures highlight the resilience of key industry groups within the manufacturing sector. Of the 23 industry groups at the two-digit level of the National Industrial Classification, 13 recorded positive growth. The manufacture of basic metals grew by 6.4 per cent, driven by strong production of items such as MS blooms, billets, ingots, pencil ingots, MS slabs and flat products of alloy steel. The manufacture of machinery and equipment not elsewhere classified rose by 11.8 per cent, supported by healthy output of separators, decanter centrifuges, various types of pumps and stationary internal combustion piston engines for non-automotive uses. The manufacture of other non-metallic mineral products grew by 6.9 per cent, boosted by production of cement, cement clinkers and glassware.
Under the use-based classification, the index for primary goods stood at 157.9, while capital goods recorded a notable jump to 120.1, reflecting a robust growth of 14.1 per cent compared to May 2024. Intermediate goods rose to 168.1 with a growth of 3.5 per cent, while infrastructure and construction goods registered an index of 198.1, translating into a year-on-year growth of 6.3 per cent.
On the consumer front, the scenario appeared mixed. While the index for consumer durables stood at 129.3, it marked a marginal decline of 0.7 per cent over the same period last year. Consumer non-durables slipped further, with the index dropping to 150.3, showing a contraction of 2.4 per cent.
The latest release also included the final revision for April 2025, compiled with a weighted response rate of 93 per cent, while the Quick Estimates for May 2025 were compiled with a response rate of 89.5 per cent.
The Central Statistics Office will now release the Quick Estimates on the 28th of every month, or the next working day if the date happens to be a holiday.
Source: US GOIAM Union
Thousands of IAM members across Boeing facilities in St. Louis and St. Charles, Mo., and Mascoutah, Ill., are rising in unity and now, IAM District 837 members in St. Louis are making it clear they’re ready to join the fight for the fair contract they’ve earned. With negotiations underway, members are standing strong and prepared to take action if Boeing Defense fails to deliver a contract that honors their skills, sacrifices, and value.
In a powerful show of solidarity, IAM members overwhelmingly voted 99% to authorize a strike should negotiations with Boeing fall short. Their vote sends a signal that IAM members across Boeing Defense are united and ready.
A strike sanction vote is when union members vote to give their leaders the power to call a strike if needed. It doesn’t mean a strike will definitely happen, it just means the members are united and ready to strike if the company doesn’t offer a fair contract. This vote also helps ensure that if a strike does happen, union members can get strike benefits, such as financial support, without delay.
“We’re not just demanding a fair contract for ourselves, we’re standing up for the future of aerospace jobs in St. Louis,” said IAM District 837 President and Directing Business Representative Tom Boelling. “Our message to Boeing is simple we’re ready to negotiate, but we’re also ready to act if necessary.”
Just as members in Seattle and Portland filled stadiums and halls with chants of solidarity, the spirit of unity is alive in St. Louis. With momentum growing, the pressure is on Boeing to come to the table and deliver a deal that respects those who make its success possible.
“Our members in St. Louis build the world’s most advanced military aircraft and missiles and they deserve a contract that reflects their role in protecting our country,” said IAM Midwest Territory General Vice President Sam Cicinelli. “Boeing Defense makes billions from the hands-on talent of our members. It’s time those same hands are rewarded with respect, dignity, and a strong agreement.”
District 837 members play a critical role in building key defense platforms, including the F-15 and F/A-18 fighter jets, the T-7A Red Hawk trainer, and the MQ-25 Stingray unmanned refueler. Their craftsmanship and dedication are vital to Boeing’s ability to meet national security needs and lead in aerospace innovation.
The post IAM Union Boeing Defense Workers in St. Louis Send Strong Message With Overwhelming Strike Sanction Approval appeared first on IAM Union.
Source: US GOIAM Union
IAM Union District 6 held a HELPS event at Meals from the Heartland in Cedar Rapids, Iowa in which Local 1526 members and their families helped pack over 25,000 Taco Mac meals. When prepared, each meal pack contains six servings. Meals from the Heartland provides meals globally; however, these meals will be given to children and families in Cedar Rapids and throughout northeast Iowa to reach those in need.
“Our union is rooted in service, not just to our members, but to the communities we live in,” said IAM Midwest Territory General Vice President Sam Cicinelli. “When we show up to help feed families in need, we’re putting our values into action.”
“Food insecurity is real for many children and their families in Iowa,” said IAM District 6 Directing Business Representative Pam Gonzales. “We believe that taking some time from our busy lives to help provide nutritious meals for those in need is the least we can do to give back to our communities. Showing the public that the IAM Union cares about people in the community is humbling, and we are proud to volunteer our time.”
H.E.L.P.S. stands for Honoring, Engaging, Lifting, Providing, and Servicing. Each District and Unaffiliated Local in the Midwest Territory will host at least one H.E.L.P.S.event per year.
The post IAM Union District 6 Packs 25,000 Meals to Fight Hunger in Cedar Rapids appeared first on IAM Union.
Source: United Kingdom – Executive Government & Departments
UK strengthens steel safeguard measures
UK steel producers to benefit from stronger trade safeguards that better protect against surges in cheap imports.
These changes will adjust how much steel countries around the world can send to the UK, protecting British jobs while making sure the UK still has a reliable supply.
Reinforces the Government’s commitment as part of the Plan for Change to rebuild Britain’s industrial strength and reversing decades of decline.
Steel producers across the UK will benefit from stronger trade measures from 1 July, as the government moves to better protect domestic industry from unforeseen surges in foreign imports as part of the Plan for Change.
Following a recommendation from the Trade Remedies Authority (TRA), the Business Secretary has confirmed the final decision on the current steel safeguard, taking decisive action in the national interest to strengthen existing protections against spikes in foreign imports- delivering on the Government’s commitment to rebuild Britain’s industrial strength.
The changes to the steel safeguard will make the measure more effective by slowing future increases, capping certain import levels and tightening country-specific limits- ensuring UK steel producers won’t be undercut while still making sure the UK has a steady and reliable supply.
They will also strike the right balance between maintaining open trade and ensuring long-term viability for the UK’s steel sector which remains critical to the economy and to communities across the country.
This decision builds on the Trade Strategy published last week, which set out how the UK Government will strengthen its trade defences to protect key industries like steel, ensuring a fairer and more secure trading environment.
This Government is unapologetic in our support for the UK steel sector-it underpins Britain’s industrial strength, our national security, and our status as a global power.
These measures back our producers and the thousands of families and communities who rely on steel production in the UK.
We’ve taken decisive action to protect the UK market and level the playing field, and we’ll go further with our new Steel Strategy to build a stronger, more competitive future for British steel making central to our Plan for Change.
Today’s announcement delivers immediate protection and builds on the Industrial and Trade Strategies announced last week, reinforcing the government’s commitment to protecting jobs and securing the long-term success of domestic industry.
This decision sits alongside a call for stakeholder views to shape the UK’s future trade approach to steel after June 2026. Yet another example of the UK’s commitment to strengthened trade defences.
The steel safeguard Tariff Rate Quota (TRQ) review assessed whether the UK should make changes to its steel safeguard measure to ensure more effective protection for producers from unforeseen import surges whilst balancing security of supply.
The Business and Trade Secretary’s decision on the Steel Safeguard TRQ was informed by stakeholder engagement, legal analysis, and broader strategic considerations.
The UK steel industry employs thousands of people in key manufacturing regions and supports critical supply chains in construction, automotive, and defence.
The UK Government is committed to taking effective action to support a level playing field for domestic industry and will publish a comprehensive Steel Strategy later this year.
The current UK steel safeguard measure ends in June 2026 and cannot be extended. The Call for Evidence launched on 26 June invites industry views to help shape new, future-ready trade measures that will protect UK businesses and jobs nationwide.
A letter outlining the government’s intended decision was issued to the TRA on 24 June to enable WTO engagement.
Source: United Kingdom – Executive Government & Departments 2
Homeowners could save around £500 from the government’s drive for solar power on rooftops.
Families and businesses could benefit from cheaper bills and greater energy security through plans to drastically increase the deployment of rooftop solar across the country.
The government has today (Monday 30 June) launched a pathway for the UK to rapidly accelerate the roll out of solar, helping drive down bills, supporting tens of thousands of jobs and powering economic growth with clean energy.
Families could save around £500 a year on their energy bills by installing rooftop solar panels as part of the government’s rooftop revolution – making working people better off through the Plan for Change.
The Solar Roadmap sets out the steps needed for the government and industry to deliver 45-47 GW of solar by 2030 – which will support up to 35,000 jobs and use less than half a percent of total UK land.
This includes:
Research suggests 88% of the British public are in favour of solar energy. Since July, the government has taken action to deploy the technology at scale, approving nearly 3 GW of nationally significant solar – more than the last 14 years combined. This is the equivalent of powering more than 500,000 homes with clean, homegrown power.
Energy Minister Michael Shanks said:
Families have been paying the price for the fossil fuel rollercoaster for years.
Our Plan for Change means delivering more homegrown energy that we control to boost the UK’s energy security and save money on your bills.
Through solar, we are rolling out the quickest to build and one of the cheapest forms of energy for families to start saving hundreds on their energy bills, all whilst helping tackle the climate crisis.
The roadmap outlines practical actions for industry and government to overcome the challenges to delivering this ambition within the next five years and boost the UK’s energy security. This includes providing a new blueprint for industry to overcome barriers in planning, electricity networks, supply chain and innovation and workforce and skills challenges.
There are already over 1.5 million homes in the UK with rooftop solar panels installed. According to MCS, the body responsible for certifying renewable energy installers, 15,496 solar installations took place in January 2025 on existing homes, a 16.5% increase on the previous year.
To help households with the finances of installing rooftop solar, the government is working with the Green Finance Institute, the finance sector, consumer bodies and the solar sector itself to provide financial solutions for households and businesses.
The government has also made rooftop solar more accessible, having recently announced all new build homes will have solar panels by default to help bring down bills for families, through the Future Homes Standard. This will also see new homes benefit from low-carbon heating, such as heat pumps and high levels for energy efficiency.
This means recipients of new build homes will save money on their energy bills through government support, tackling the cost of living crisis for aspirational young families and new house buyers.
Rooftop solar not only adds value through lowering bills but it can also increase the financial value of the property. The government wants homeowners to cash in on this and is working with the Royal Institution of Chartered Surveyors to ensure that the value of solar homes is assessed properly.
Renters and those living in apartments could also be set to experience the benefits of solar as the government sets out the steps required to make ‘plug-in’ solar available in the UK. Plug-in solar works in the same way as rooftop solar panels, except it is portable and is connected directly into plug sockets – ideal for apartments with balconies.
Plug-in solar is currently unavailable in the UK due to longstanding regulations. But in Germany, around 435,000 balconies had plug-in solar installed in 2024 alone, saving residents in apartments money on their electricity bills.
Last month, Great British Energy announced an initial £200 million investment in rooftop solar for hundreds of schools and hospitals, with savings around £200,000 a month for some hospitals.
Solar Energy UK Chief Executive and Co-Chair of the Solar Taskforce, Chris Hewett said:
Today marks the dawn of a transformative era for how the UK powers itself.
The Solar Roadmap highlights dozens of practical measures needed to expand solar generation, boost the supply of cheaper and more secure power, foster new industries, create skilled jobs, boost biodiversity and slash our greenhouse gas emissions.
The sector is already growing fast, with around 700 small-scale rooftop installations being completed each day, but needs to grow faster.
Garry Felgate, Chief Executive of The MCS Foundation said:
The UK is experiencing a solar boom, with record numbers of subsidy-free solar panels being installed on rooftops across the country.
We welcome the Solar Roadmap which sets out the many ways in which we can maximise British potential for clean, cheap electricity.
Following on from the announcement that the vast majority of new homes will be required to have solar panels under the Future Homes Standard, the Solar Roadmap clearly demonstrates this government’s commitment to home-grown renewable power.
Matthew Boulton, Director of Solar, Storage and Private Wire at EDF Renewables UK, and member of the Solar Taskforce said:
EDF Renewables UK is proud to have contributed to the UK government’s Solar Taskforce and welcomes the publication of the Roadmap.
We are at a pivotal moment for the solar sector, and we fully support the clear, coordinated action set out in the Roadmap that will help unlock the UK’s full solar potential.
We look forward to continuing our collaboration with government and industry to turn this vision into reality.
Alexandra Desouza, EMEA General Counsel, Lightsource bp and member of the Solar Taskforce said:
The publication of the solar roadmap comes at a big moment for the UK energy sector — and especially for solar. Solar is key to the UK’s future energy mix and has a critical role to play in delivering secure, low-cost power.
The deployment of more solar and battery storage helps keep energy costs competitive for UK businesses, boosting economic growth and making companies more resilient.
As per the solar roadmap’s aims and ambitions, the focus is to shift to delivery for Clean Power 2030. This is a real opportunity for the UK to align behind a shared goal — bringing communities together, supporting farmers, and accelerating the transition to renewable and domestic generation.
Kamal Rajput, Tata Steel UK’s Strategic Business Development Lead, and Co-Chair of the Solar Energy UK, UK Supply Chain Steering Group said:
We very much welcome the publication of the Solar Roadmap, highlighting the vital role that UK manufacturers such as Tata Steel will play in helping government achieve its clean energy targets.
With our product innovations such as the recently launched Catnic SolarSeam roofing system, and our MagiZinc products used extensively in utility scale racking systems, Tata Steel is well-placed to play a significant role in the growing solar energy sector.
Phil lives in North Leeds with his wife and son. They installed 14 solar panels and battery storage on their detached 3 bed property in November 2022.
The installation cost approximately £20,000 in total – £8,000 for solar panels, £8,000 for the battery and the rest contributed towards and Electric Vehicle Charging port.
Phil says:
I wanted solar because we had an electric car and the prospect of charging it from the sun was quite attractive. Over the last 90 days, our electric bill was minus £18.60 – in other words, we’ve cooked, cleaned, tumble-dried, showered, watched copious amounts of TV, ran the car for 2,000 miles and we are owed £18.60!
With retirement looming, we wanted to invest in the house to make it as cheap to run as possible. Our monthly direct debit is less than half what it was before the install.
Tim is a retired teacher living south of King’s Lynn. He had 12 solar panels and a battery storage unit installed on his 3-bed property in March 2024.
His home is a new-build property with an EPC rating B+ that also includes an air source heat pump that is powered entirely through clean power supplied by the solar panels. He’s also installed an Electric Vehicle Charging point on his drive.
Since installing the rooftop solar panels, Tim’s electricity bill has gone from £1,200 a year to £150 a year – saving of over £1,000 a year.
Tim says:
I’ve been delighted with the results so far. Before I put the panels up, I used 3 MWh of electricity. Over the past 12 months the solar panels alone have generated over double that amount – meaning I am technically my own electricity supplier selling back to the grid!
The panels will pay for themselves in 12 years but will last for more like 25 years whilst adding value to my house, should I decide to sell it.
I used the lump sum from my pension to pay for the panels. I see it as an investment for the future – an investment in the planet, but also my own financial security as my bills are now so low.
It is great to be part of the green energy revolution! In a world of global warming and climate change, at least the house is now self-sufficient in power. The advantages of solar are so great that my father, aged 90, has also had them installed recently on his house near Nottingham.
Stourton Park and Ride in Leeds is the UK’s first fully solar-powered park and ride, featuring a 1.2 MW system of solar panels, battery storage, and 26 Electric Vehicle charging points.
The Solar PV system is estimated to generate 852,000 kWh a year and offset 471 tonnes of carbon in its first year – the equivalent of removing over 200 cars from the road.
The Bundesnetzagentur (Germany’s Federal Network Agency) registered about 435,000 new plug-in balcony solar panel installations in its core energy market data register in 2024.
View the full Solar Roadmap.
Read the data on public support for solar: DESNZ Public Attitudes Tracker: Spring 2024.
Contact details to the case studies can be made available on request.
Source: GlobeNewswire (MIL-OSI)
Date: Friday, August 1, 2025
Time: 10:00 a.m. (Eastern Time)
BROOKFIELD, NEWS, June 30, 2025 (GLOBE NEWSWIRE) — Brookfield Business Partners will host its Second Quarter 2025 Conference Call & Webcast on Friday, August 1, 2025 at 10:00 a.m. (ET) to discuss results and current business initiatives.
Results will be released on Friday, August 1, 2025 prior to 8:00 a.m. (ET) and will be available following the release on our website at https://bbu.brookfield.com.
Participants can join by conference call or webcast:
Conference Call
Webcast
Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in our company either through Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership or Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation. For more information, please visit https://bbu.brookfield.com.
Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion of assets under management.
For more information, please contact:
Source: US State of Hawaii
Posted on Jun 27, 2025 in Latest Department News, Newsroom
JOSH GREEN, M.D.
GOVERNOR
KE KIAʻĀINA
DEPARTMENT OF BUSINESS, ECONOMIC DEVELOPMENT AND TOURISM
KA ʻOIHANA HOʻOMOHALA PĀʻOIHANA, ʻIMI WAIWAI A HOʻOMĀKAʻIKAʻI
JAMES KUNANE TOKIOKA
DIRECTOR
KA LUNA HOʻOKELE
HAWAIʻI STATE ENERGY OFFICE
MARK B. GLICK
CHIEF ENERGY OFFICER
LUNA IKEHU
2024/2025 HAWAI‘I GREEN BUSINESS AWARDS PROGRAM HONORS LOCAL BUSINESSES AND EVENTS FOR SUSTAINABILITY PRACTICES
FOR IMMEDIATE RELEASE
June 27, 2025
HONOLULU —The Hawai‘i Green Business Program (HGBP) recognized 45 Hawai‘i businesses and events today for their commitment to energy and water efficiency, waste reduction, pollution prevention and community involvement, as well as cultural and natural resource preservation.
The 45 awardees representing six islands were recognized during the annual HGBP awards ceremony at historical Washington Place. Hosted by the Hawai‘i State Energy Office, the Honolulu Board of Water Supply and Hawaiʻi Energy, the awards program
showcases the businesses advancing Hawaiʻi’s clean energy and sustainability goals, emphasizing energy efficiency as a key solution in accelerating Hawaiʻi’s move to renewable energy.
Governor Josh Green, M.D., praised awardees for their commitment to sustain the ecological, cultural and economic health of Hawaiʻi, heralding lawmakers for the 2025 passage of the nation’s first climate impact fee to fund environmental stewardship and address the impacts of climate change.
Governor Green said, “At a time when environmental protections are being repealed at the federal level, Hawaiʻi will not forfeit its commitment to a more resilient, clean economy. The businesses and organizations we recognize today honor a statewide commitment to malama ʻāina — to steward our precious natural resources for future generations.”
“Simply put,” said Hawai’i Chief Energy Officer Mark Glick, “using less energy means we need to generate less. These 45 businesses are among the best applying efficiency to our commercial building stock and energy efficient business practices make a profound difference.”
Newly appointed state director of energy efficiency and renewable energy Monique Zanfes concluded, “Many of the businesses in this room rely on Hawai‘i’s natural resources not just for operations, but as the foundation of what draws people here. Protecting these resources isn’t just the right thing to do — it’s essential to the long-term viability and health of Hawai‘i. I thank them for leading by example.”
The honorees of this year’s Hawai‘i Green Business Program Awards are:
Green Hotels, Resorts, Venue and Office Awardees:
Green Event Awardees:
Entry Level Program Awardees:
In one year, the energy efficiency measures of the above businesses resulted in 38.8 million gallons of water saved, 6.5 million kWh of electricity saved, 22.7 tons of green waste diverted, 12,372 tons of waste recycled,119,110 therms (1 therm = 100,000 BTUs) of gas saved, 6,725 metric tons of CO2 equivalent for electricity kWh reduced and 945 metric tons of CO2 equivalent for gas reduced.
# # #
Media Contacts:
Yvonne Hunter
Strategy and Marketing Officer
Hawaiʻi State Energy Office
Cell: 808-497-0080
Laci Goshi
Communications Officer
Department of Business, Economic Development and Tourism
Cell: 808-518-5480
Erika Engle
Press Secretary
Office of the Governor, State of Hawai‘i
Phone: 808-586-0120
Makana McClellan
Director of Communications
Office of the Governor, State of Hawaiʻi
Cell: 808-265-0083
Source: GlobeNewswire (MIL-OSI)
NEW YORK, June 30, 2025 (GLOBE NEWSWIRE) — Order.co, the world’s leading B2B Ecommerce Platform, welcomes Larry Robinett as Head of Workday Accounts & Alliances. Robinett joins the company to expand strategic partnerships and scale adoption of Order.co’s exclusive Workday Built integration.
Robinett brings more than two decades of experience in enterprise software and strategic alliances, with a long-standing focus on the Workday ecosystem. Most notably, he served as Vice President of Sales and Partner Alliances at Ascend Software. Here, he successfully spearheaded the company’s strategic partnership with Workday to help customers streamline accounts payable operations.
As a result of the partnership, customers experienced significant efficiency gains and cost savings through AP automation, allowing them to scale operations without adding headcount – all while maximizing their investment in Workday Financial Management. Now, as the Head of Workday Accounts & Alliances at Order.co, Robinett will lead efforts to expand enterprise adoption of the company’s innovative Workday integration. With the integration at customers’ fingertips, they can unlock greater control, efficiency, and savings with a modern procurement experience from requisition to reconciliation.
“I’m thrilled to join Order.co at such an exciting stage of growth,” Robinett said. “As someone who has worked extensively in the Workday ecosystem, I’m especially proud to join a company with a Workday Built integration, an achievement that reflects close collaboration with Workday’s product teams to deliver meaningful value to joint customers. I look forward to building strong partnerships and helping Workday Financial Management customers simplify and modernize their procurement experience in Workday.”
As a Workday Select Partner, Order.co worked closely with Workday to co-develop an embedded B2B Ecommerce experience directly within the Workday platform. Using Order.co’s exclusive “Integrated Search”, customers can purchase all the items they need from the best-fit suppliers without leaving the Workday portal. Teams can search for any item and browse pre-approved products within their custom catalog, complete with contracted pricing or cost-effective alternatives. Submitting an order automatically generates a pre-populated requisition, eliminating the need for manual, error-prone data entry. Once approved, Order.co handles vendor fulfillment, and pre-coded invoices load seamlessly into Workday.
Some of the benefits of leveraging Integrated Search include:
Order.co’s customers have raved about the integration, with Kyle Ingerman, Finance Transformations Senior Manager at WeWork, saying, “I cannot tell you how much time, effort, and money [the Order.co integration] has saved us.”
To learn more about Order.co’s Workday-built integration, visit https://www.order.co/workday-procurement-integration/.
About Order.co
Order.co simplifies business buying by combining the ease of online shopping with the sophistication of world-class purchase order and AP automation. The result? Businesses cut costs and complexity with every order.
Hundreds of companies, like WeWork and Hugo Boss, leverage Order.co to centralize purchase-to-pay workflows, scale operations, and gain total control over spending – saving an average of 5% on products. Founded in 2016 and headquartered in New York City, Order.co has raised $70M in funding from industry-leading investors like MIT, Stage 2 Capital, Rally Ventures, 645 Ventures, and more. To learn more, visit order.co.
About Workday
Workday is the AI platform for managing people, money, and agents. The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 11,000 organizations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com.
Media Contact
Allison Reich
Senior Manager of Brand, Content & Enablement
Allison.reich@order.co
Source: Switzerland – Department of Foreign Affairs in English
On 23 January on the margins of the WEF Annual Meeting in Davos, Federal Councillor Guy Parmelin and representatives of Switzerland’s fellow EFTA states Iceland, Liechtenstein and Norway signed a free trade agreement with Thailand, represented by Pichai Naripthaphan, Thailand’s Minister of Commerce. Prime Minister Paetongtarn Shinawatra was also present at the signing ceremony.
