South African president Cyril Ramaphosa met senior leaders of Johannesburg and Gauteng, the province it’s located in, in March 2025 to discuss ways to arrest the steep decline in South Africa’s largest city.
Ramaphosa announced a two-year-long presidential intervention to tackle some of the city’s most pressing issues. It is to be led by the Presidential Johannesburg Working Group with eight cross-governmental and multi-stakeholder workstreams.
Johannesburg was established 130 years ago, where the world’s largest-ever gold deposits were discovered. It grew rapidly in the early 20th century and became the country’s economic heartland and largest population centre. Like all South African cities, it was deeply scarred by apartheid policies. People were divided by racially defined groups. Good services and a strong economy benefited a minority, and a black majority were pushed into impoverished ghettos.
But, for about the first two decades of post-apartheid rule from 1994, Johannesburg led the country with innovation and progressive change. It pioneered the new local government system, institutional reforms, new practice on city strategy and planning, pro-poor service delivery, and modern transport infrastructure.
Today, however, the city is in a dire state. Over the past decade, roughly coinciding with the arrival of messy coalition governance in 2016, sound political leadership, administrative stability and financial management have crumbled. Underinvestment in infrastructure maintenance has led to collapsing services. Public trust is deteriorating among increasingly frustrated communities. This was evident in local election results. It also shows up in recent data released by the Gauteng City-Region Observatory on public trust in local government.
Corruption in many parts of the city is an endemic complicating factor.
The presidential intervention is designed to address this complex interplay between embedded legacies and failings post-apartheid. The workstreams involving city officials and concerned stakeholders are generating ideas for priority actions. There is also a new energy in the city government, with the executive mayor and members of his mayoral committee making turnaround promises.
This long overdue attention is heartening. But some caution is called for. While some “quick wins” are needed, there will be no easy turnaround. The best prospect is likely to be a process of recovery that will require patience and methodical attention over the long term. A city cannot be repaired in the way an automobile can. A city has a trillion moving parts and is in a constant state of makeover, as dynamics of economy, technology, demography, environment, society, politics, and more, interact and produce change.
The question is not whether a city is fixed – it can never finally be – but rather what trajectory it is on. For Johannesburg, the question is how to exit the downward spiral and begin the process of reconstruction.
We are a group who previously worked in the City of Johannesburg as officials, who are now academics with decades of experience observing local governance trends and dynamics, or scholars engaged in civil society coalitions or communities mobilising around the crisis. Some of us have been involved in the Presidential Johannesburg Working Group over the last few months.
Our view is that there are four areas needing urgent but sustained attention.
Focus areas
The first is the need for a joint effort across national, provincial and municipal government to resolve the crisis. We are pleased that this has begun. The political leadership in the city (and of the province) failed to grasp the opportunity provided by the post-2024 election national compromises to put together a broad-based government of local unity to lead reconstruction. There is no option now but to pursue an inter-governmental initiative led by national government with the committed involvement of the other spheres.
Only genuine collaboration will succeed.
In this respect, the Presidential Johannesburg Working Group holds promise. But what will be needed is careful, concerted work focused first on short-term priorities. Then, over years, on key structural challenges facing the city.
Second, the city needs civil society in all its forms to hold a careful balance between keeping up the pressure on municipal government, constantly holding it accountable to its residents, and working with government to help it solve problems. The Joburg Crisis Alliance, Jozi-my-Jozi, WaterCAN and similar initiatives are claiming well-recognised and respected voice in the affairs of the municipality.
Johannesburg needs a city government that is open to this scrutiny, accepting the need for transparency, and open to the help that civil society can offer.
To raise the level of accountability and collaboration, a clear programme of restoration has to be communicated openly to the public. Milestones and expenditure requirements need to be set that allow for constant monitoring. There must be open council meetings, and regular online and in-person briefings.
Also required are new mechanisms for citizen-based monitoring. These may include trained citizen monitors reporting on service delivery. Alternatively, the establishment of a sort of “Citizen’s Council” which meets regularly to receive reports from these monitors and the city administration.
International examples include the Bürgerrat model. This is now fully institutionalised in parts of Germany and Austria to strengthen local democracy and accountability. In this model, citizens are randomly selected to sit on a council which monitors performance of local government and provides new ideas.
Another approach could be for civil society organisations to be invited to a Citizen’s Council that would act in support of the oversight processes of the elected Municipal Council.
Third, there has to be a solution to unstable coalition governments. These seem to be structured to facilitate separate political fiefdoms where spoils can be divided in the allocation of portfolios. At minimum, the presidential intervention must provide for a check and balance on processes where bureaucratic appointments and budgetary allocations may serve the interests of cronyism. For example, there should be transparency and rigour in appointments to the boards of Johannesburg’s municipally owned companies.
Regulatory reforms are required in the political arena. This should include rules for the distribution of seats on the municipal executive and the election of mayors. Between January 2023 and August 2024 a tiny minority party held the mayoralty because the larger parties could not agree on a mayoral selection or, more cynically, to ensure that the executive mayor could not call large parties to account.
More importantly, though, there has to be a change in political culture. This is a longer-term process.
Fourth, the problems run far deeper than what bureaucratic reorganisation can achieve.
The longer-term project is to build a capable administration with clear political direction and oversight but insulated from personal agendas and factional battles. The administration became confused and demoralised because of the political instability over an extended period. There are, however, still many capable and committed public servants in the city bureaucracy. The focus should be on working with them to rebuild the administration, making it a place where talent and initiative are recognised and rewarded.
Restored political leadership and a rejuvenated administration is needed for a long term process, extending far beyond the quick wins. This process will involve refurbishing the decaying network infrastructure, restoring financial stability, reestablishing social trust and returning confidence to the city’s economy.
2025 marks 30 years since the first democratic local elections. National government is looking seriously at sweeping municipal reforms. And the next municipal election – likely to be held at the end of 2026 – is an opportunity to make a deep transformation effort. Citizens can ensure that parties contesting the election place Johannesburg’s recovery at the heart of their agenda.
Philip Harrison has received funding from South Africa’s National Research Foundation in support of the South African Research Chair in Spatial Analysis and City Planning.
The Gauteng City-Region Observatory receives core grant funding from the Gauteng Provincial Government.
Lorena Nunez Carrasco received funding from the National Research Foundation in support of research on the South African response on COVID-19
Rashid Seedat receives funding from Gauteng Provincial Government for the Gauteng City-Region Observatory. He is affiliated with the Ahmed Kathrada Foundation as a member of the Board of Trustees.
Prime Minister Anthony Albanese says his second term government is “focused on delivery” of its commitments, declaring this is important not only for the economy but also for Australians’ faith in our democracy.
In a speech to the National Press Club on Tuesday, partially released ahead of delivery, Albanese warns that the present era of global uncertainty reaches beyond just economic uncertainty.
“It is the more corrosive proposition that politics and government and democratic institutions, including a free media, are incapable of meeting the demands of this moment.
“Some simply dismiss such sentiment. Others cynically seek to harvest it. Our responsibility is to disprove it.
“To recognise that some of this frustration is drawn from people’s real experience with government – be it failures of service delivery, or falling through the cracks of a particular system.
“And to counter this, we have to offer the practical and positive alternative.To prove that a good, focused, reforming Labor government can make a real difference to people’s lives.”
Albanese’s speech comes ahead of his departure later this week for the G7 summit in Canada, where he is expected to meet US President Donald Trump on the sidelines.
Their talks are set to cover, in particular, the Albanese government’s bid for relief from the Trump tariffs and the president’s desire for Australia to significantly boost its spending on defence.
Australia is subject to both the general US 10% tariff and the separate tariff on steel and aluminium, which the president has just increased to 50%.
Australia will put on the table a proposal for arrangements on access to our critical minerals and rare earths, that will favour the US. The government has also been examining a way to give access to US beef, which currently faces an effective ban on biosecurity grounds.
Albanese has stressed that any change would not compromise Australian biosecurity.
The Trump administration has flagged it would like to see Australia boost defence spending to 3.5% of GDP. Albanese has said Australia makes its own defence decisions and that spending should be based on capability needs rather than a set percentage.
Albanese’s stress, in his speech, on “delivery” of commitments is partly to manage expectations in the wake of the government’s massive majority.
The unexpected election result has led to some pressures on the government to use its position to undertake a more radical agenda than the one it put at the election.
Albanese says: “Our government’s vision and ambition for Australia’s future was never dependent on the size of our majority.
“But you can only build for that future vision if you build confidence that you can deliver on urgent necessities.
“How you do that is important too – ensuring that the actions of today, anticipate and create conditions for further reform tomorrow.”
He says the government’s second-term agenda has been shaped by Australians’ lives, priorities and values.
“It is the mission and the measure of a Labor government to give those enduring ideals of fairness, aspiration and opportunity renewed and deeper meaning, for more Australians.
“To deliver reforms that hold no-one back – and drive progress that leaves no-one behind.
“This is no small task. It demands we aim high and requires us to build big.”
He points to the government’s promised big investment in Medicare as well as its commitments on housing and the energy transition.
“Our vision is for a society that is a microcosm for the world – where all are respected and valued and our diversity is recognised as a strength.
“Where our international relationships in the fastest growing region of the world in human history benefit us, but also provide a platform for us to play a stabilising global role in uncertain times.”
Michelle Grattan 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.
Source: People’s Republic of China – State Council News
Chinese vice premier meets British chancellor of exchequer on economic, financial cooperation
LONDON, June 9 — Visiting Chinese Vice Premier He Lifeng on Sunday held talks in London with British Chancellor of the Exchequer Rachel Reeves on enhancing economic and financial cooperation between the two countries.
He, who leads the Chinese side to the China-UK Economic and Financial Dialogue, had an in-depth exchange of views with Reeves, the British head of the dialogue, also on issues of common concern.
He called on China and Britain to make joint efforts to implement the important consensus between Chinese President Xi Jinping and British Prime Minister Keir Starmer, promote the effective implementation of the outcomes of the dialogue, further deepen exchanges and cooperation in various fields of economy and finance, promote mutual benefit and win-win results, and maintain the sustained, healthy and stable development of China-Britain economic relations.
Reeves said that Britain attaches great importance to its cooperation with China and stands ready to enhance its communication with China, implement the outcomes of the dialogue, and inject new impetus into Britain-China economic cooperation.
Product line includes Druck, Panametrics and Reuter-Stokes brands
Transaction aligns with Baker Hughes’ ongoing portfolio optimization
HOUSTON and LONDON, June 09, 2025 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday an agreement to sell its Precision Sensors & Instrumentation (PSI) product line to Crane Company (NYSE: CR, “Crane”), a diversified manufacturer of engineered industrial products, for a total cash consideration of approximately $1.15 billion.
PSI, part of Baker Hughes’ Industrial & Energy Technology (IET) segment, includes the Druck, Panametrics and Reuter-Stokes brands. These brands manufacture instrumentation and sensor-based technologies to detect and analyze pressure, flow, gas, moisture and radiation across various industries. PSI employs approximately 1,600 people across several manufacturing and service facilities globally. The sale encompasses all assets of the business, including intellectual property, footprint and resources.
This divestiture, along with the recently announced Surface Pressure Control transaction, is aligned with Baker Hughes’ focus on value-creating portfolio management that enhances the durability of earnings and cash flow and enables the company to reallocate capital toward higher-return opportunities using a strategic and disciplined approach to capital deployment.
“This transaction continues the progress we have made in enhancing our strategic focus on IET’s core competencies of rotating equipment, asset performance management, flow control, and decarbonization to continue to drive higher returns, reinforcing our commitment to long-term value for our shareholders,” Baker Hughes Chairman and CEO Lorenzo Simonelli said. “We believe the value realized in this transaction is a testimony to these product lines’ quality and the potential they can achieve as part of Crane.”
Crane is a leading manufacturer of highly engineered components for challenging, mission-critical applications focused on the aerospace, defense, space and process industry end markets.
The closing of the transaction is subject to customary conditions, including regulatory approvals, and is expected to close at the end of 2025 or early 2026.
Evercore is serving as financial adviser for Baker Hughes on this transaction.
About Baker Hughes Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
Beijing, June 09, 2025 (GLOBE NEWSWIRE) — AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ: AGMH), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, today announced that the Nasdaq Hearings Panel issued a decision granting the Company’s request for continued listing on The Nasdaq Capital Market subject to the Company’s compliance with certain conditions, including compliance with the $1.00 bid price requirement by June 16, 2025, and continued compliance with all applicable criteria for continued listing on the Capital Market tier through at least September 29, 2025.
About AGM Group Holdings Inc.
AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment. With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit www.agmprime.com.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.
RANCHO CUCAMONGA, Calif., June 09, 2025 (GLOBE NEWSWIRE) — iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven ecommerce services provider and online retailer, today announced that it has made a deposit payment to initiate the production of a new, fully integrated equipment line as part of its broader U.S.-based manufacturing strategy under the “Made in USA” module of its SuperSuite platform.
This payment secures the start of equipment production for iPower’s new joint venture, United Package NV LLC (“United Package”), and represents a key milestone in reshoring strategic manufacturing capabilities. The equipment is expected to complete production within two months, with shipping, installation, and testing to follow thereafter. The Company is targeting a full operational launch in Q4 2025.
“Our investment in United Package marks a major step forward in our strategic goal to localize key manufacturing functions,” said Lawrence Tan, CEO of iPower. “By initiating production now, we are not only strengthening our operational resilience, but also creating additional value for our partners and customers through faster delivery, quality control, and service agility. This initiative reinforces our long-term vision of building a stronger, more sustainable supply chain ecosystem in the U.S.”
In addition to iPower’s digital sales infrastructure and nationwide fulfillment capabilities, United Package will benefit from the offline sales channels and established B2B customer base of its joint venture partner — significantly accelerating go-to-market efficiency and customer reach.
Together, the joint venture is poised to offer:
Shortened lead times and improved delivery reliability
Localized control over production timelines and quality
Optimized inventory management with real-time visibility
Expanded access to both digital and traditional sales channels
This development also reinforces iPower’s long-term strategy to integrate its “Made in USA” module into the SuperSuite platform — providing end-to-end support for domestic manufacturing, from legal and compliance guidance to facility setup, labor sourcing, logistics and last-mile delivery.
About iPower Inc.
iPower Inc. is a tech and data-driven online retailer, as well as a provider of value-added ecommerce services for third-party products and brands. iPower’s capabilities include a full spectrum of online channels, robust fulfillment capacity, a nationwide network of warehouses, competitive last mile delivery partners and a differentiated business intelligence platform. iPower believes that these capabilities will enable it to efficiently move a diverse catalog of SKUs from its supply chain partners to end consumers every day, providing the best value to customers in the U.S. and other countries. For more information, please visit iPower’s website at www.meetipower.com.
Forward-Looking Statements
All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that iPower believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. iPower undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although iPower believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and iPower cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results and performance in iPower’s most recent Annual Report on Form 10-K and subsequent SEC filings for more detailed information.
NEW YORK and MIAMI, June 09, 2025 (GLOBE NEWSWIRE) — Siebert Financial Corp. (NASDAQ: SIEB) today announced that its shelf registration statement on Form S-3 has been declared effective by the SEC. The registration is the first step to allow the company to raise up to $100,000,000 through the sale of a range of securities.
The filing strengthens Siebert’s financial flexibility. The proceeds may be used to pursue strategic initiatives that align with Siebert’s long-term vision, including potential acquisitions, the purchase of digital assets (including Bitcoin, Ethereum, and Solana), and investments to advance technology across all service lines, including, but not limited to, AI-powered solutions.
“Our shelf registration is a foundational step toward scaling our technology strategy,” said John J. Gebbia, CEO of Siebert Financial. “We’re creating the additional capital access needed to move decisively in key areas like AI, digital assets, and innovation that will define the future of financial services.”
“Our ability to access capital on flexible terms enhances how we can build value over time,” added Andrew Reich, Chief Financial Officer of Siebert Financial. “This filing gives us the optionality to invest in next-generation technologies and support long-term growth for our shareholders.”
These investments reflect Siebert’s broader commitment to innovation in financial services, including the integration of blockchain technology and digital assets to enhance client experience and platform capabilities.
About Siebert Financial Corp. Siebert is a diversified financial services company and has been a member of the NYSE since 1967, when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms.
Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, and StockCross Digital Solutions, Ltd, and Gebbia Media LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services, including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions, in addition to entertainment and media productions. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at www.siebert.com.
Cautionary Note Regarding Forward-Looking Statements The statements contained in this press release that are not historical facts, including statements about our beliefs and expectations, are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by, or that include the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project,” “intend” and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements.
These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of the management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert’s business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A – Risk Factors of Siebert’s Annual Report on Form 10-K for the year ended December 31, 2023, and Siebert’s filings with the SEC.
Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether as a result of new information, future events, or otherwise, except to the extent required by the federal securities laws.
FRISCO, TX, June 09, 2025 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (NYSE:CRK) plans to release its second quarter 2025 results on July 30, 2025 after the market closes and host its quarterly conference call at 10:00 a.m. CT on July 31, 2025 to discuss the second quarter results.
Parties interested in participating in the conference call telephonically will need to register at https://register-conf.media-server.com/register/BI4a6aefc65c284c6190c230cdebdf9088. Upon registering to participate in the conference call, participants will receive the dial-in number and a personal PIN number to access the conference call. On the day of the call, please dial in at least 15 minutes in advance to ensure a timely connection to the call.
A replay of the second quarter 2025 conference call will be available for twelve months beginning at 1:00 p.m. CT on July 31, 2025. The replay of the conference can be accessed using the webcast link: https://edge.media-server.com/mmc/p/537xytab.
About Comstock Resources:
Comstock Resources is a leading independent natural gas producer with operations focused on the development of the Haynesville Shale in North Louisiana and East Texas.
A slide show presentation on the financial results will be available on Comstock’s website at www.comstockresources.com. Click on “Quarterly Results” to view the slide show.
Source: The Conversation – USA – By Joshua Lens, Associate Professor of Instruction of Sport & Recreation Management, University of Iowa
Former Arizona State University swimmer Grant House is one of the plaintiffs in the class action lawsuit filed against the NCAA.Mike Comer/NCAA Photos via Getty Images
The business of college sports was upended after a federal judge approved a settlement between the NCAA and former college athletes on June 6, 2025.
After a lengthy litigation process, the NCAA has agreed to provide US$2.8 billion in back pay to former and current college athletes, while allowing schools to directly pay athletes for the first time.
Joshua Lens, whose scholarship centers on the intersection of sports, business and the law, tells the story of this settlement and explains its significance within the rapidly changing world of college sports.
What will change for players and schools with this settlement?
The terms of the settlement included the following changes:
The NCAA and conferences will distribute approximately $2.8 billion in media rights revenue back pay to thousands of athletes who competed since 2016.
Universities will have the ability to enter name, image and likeness, or NIL, agreements with student-athletes. So schools can now, for example, pay them to appear in ads for the school or for public appearances.
Each university that opts in to the settlement can disburse up to $20.5 million to student-athletes in the 2025-26 academic year, a number that will likely rise in future academic years.
Athletes’ NIL agreements with certain individuals and entities will be subject to an evaluation that will determine whether the NIL compensation exceeds an acceptable range based on a perceived fair market value, which could result in the athlete having to restructure or forego the deal.
The NCAA’s maximum sport program scholarship limits will be replaced with maximum team roster size limits for universities that choose to be part of the settlement.
Why did the NCAA agree to settle with, rather than fight, the plaintiffs?
In 2020, roughly 14,000 current and former college athletes filed a class action lawsuit, House v. NCAA, seeking damages for past restrictions on their ability to earn money.
For decades, college athletics’ primary governing body, the NCAA, permitted universities whose athletics programs compete in Division I to provide their athletes with scholarships that would help cover their educational expenses, such as tuition, room and board, fees and books. By focusing only on educational expenses, the NCAA was able to reinforce the notion that collegiate athletes are amateurs who may not receive pay for participating in athletics, despite making money for their schools.
A year later, in 2021, the U.S. Supreme Court unanimously ruled in a separate case, Alston v. NCAA, that the NCAA violated antitrust laws by limiting the amount of education-related benefits, such as laptops, books and musical instruments, that universities could provide to their athletes. The ruling challenged the NCAA’s amateurism model while opening the door for future lawsuits tied to athlete compensation.
It also burnished the plaintiffs’ case in House v. NCAA, compelling college athletics’ governing body to take part in settlement talks.
What were some of the key changes that took place in college sports after the Supreme Court’s decision in Alston v. NCAA?
Following Alston, the NCAA permitted universities to dole out several thousand dollars in what’s called “education benefits pay” to student-athletes. This could include cash bonuses for maintaining a certain GPA or simply satisfying NCAA academic eligibility requirements.
But contrary to popular belief, the Supreme Court’s Alston decision didn’t let college athletes be paid via NIL deals. The NCAA continued to maintain that this would violate its principles of amateurism.
With over a dozen states looking to pass similar laws, the NCAA folded on June 30, 2021, changing its policy so athletes could accept NIL compensation for the first time.
Will colleges and universities be able to weather all of these financial commitments?
Universities and their athletics departments, on the other hand, will have to reallocate resources or cut spending. Some will cut back on travel expenses for some sports, others have paused facility renovations, while other athletic departments may resort to cutting sports whose revenue does not exceed their expenses.
As Texas A&M University athletic director Trev Alberts has explained, however, that college sports does not have a revenue problem – it has a spending problem. Even in the well-resourced Southeastern Conference, for example, many universities’ athletics expenses exceed its revenue.
Do you see any future conflicts on the horizon?
Many observers hope the settlement brings stability to the industry. But there’s always a chance that the settlement will be appealed.
More potential challenges could involve Title IX, the federal gender equity statute that prohibits discrimination based on sex in schools.
What if, for example, a university subject to the statute distributes the vast majority of revenue to male athletes? Such a scenario could violate Title IX.
NCAA President Charlie Baker, who has served in his role since 2023, has overseen major changes in conference governance and athlete compensation. David J. Griffin/Icon Sportswire via Getty Images
On the other hand, a university that more equitably distributes revenue among male and female athletes could face legal backlash from football athletes who argue that they should be entitled to more revenue, since their games earn the big bucks.
And as I pointed out in a recent law review article, an athlete or university may challenge
the new enforcement process that will attempt to limit athletes’ NIL compensation within an acceptable range that is based on a fair market valuation.
The NCAA and the conferences named in the lawsuit have hired the accountancy firm Deloitte to determine whether athletes’ compensation from NIL deals fall within an acceptable range based on a fair market valuation, looking to other collegiate and professional athletes to set a benchmark range. If athletes and universities have struck deals that are too generous, both could be penalized, according to the terms of the settlement.
Finally, the settlement does not address – let alone solve – issues facing international student-athletes who want to earn money via NIL. Most international student-athletes’ visas, and the laws regulating them, heavily limit their ability to accept compensation for work, including NIL pay. Some lawmakers have tried to address this issue in the past, but it hasn’t been a priority for the NCAA, as it has lobbied Congress for a federal NIL law.
Joshua Lens owns The Compliance Group, which provides NCAA compliance consulting services for universities and conferences.
Source: The Conversation – USA – By Kendall Deas, Assistant Professor of Education Policy, Law, and Politics, University of South Carolina
Originally developed as a tool to help Black children attend better schools, school voucher programs now serve a different purpose.Drazen via Getty Images
School voucher programs that allow families to use public funds to pay tuition to attend private schools have become increasingly popular.
The first vouchers were offered in the 1800s to help children in sparsely populated towns in rural Vermont and Maine attend classes in public and private schools in nearby districts.
After the U.S. Supreme Court’s 1954 Brown v. Board of Education decision, in which justices ruled that separating children in public schools on the basis of race was unconstitutional, segregationists used vouchers to avoid school integration.
More recently, school voucher programs have been pitched as a tool to provide children from low-income families with quality education options.
As a scholar who specializes in education policy, law and politics, I can share how current policies have strayed from efforts to support low-income Black children.
History of school voucher programs
Over time, as school voucher policies grew in popularity, they evolved into education subsidies for middle-class families. Peter Dazeley/Getty Images
Research from education history scholars shows that more recent support for school choice was not anchored in an agenda to privatize public schools but rooted in a mission to support Black students.
Over time, as school voucher policies grew in popularity, they evolved into subsidies for middle-class families to send their children to private and parochial schools.
School choice policies have also expanded to include education savings account programs and vouchers funded by tax credit donations.
School voucher programs can negatively impact the quality of public schools serving Black students. Connect Images via Getty Images
States looking to add or expand school choice and voucher programs have adopted language from civil rights activists pushing for equal access to quality education for all children. For example, they contend that school choice is a civil right all families and students should have as U.S. citizens. But school voucher programs can exclude Black students and harm public schools serving Black students in a host of ways, research shows.
Since the Brown v. Board ruling, school voucher programs have been linked to racial segregation. These programs were at times used to circumvent integration efforts: They allowed white families to transfer their children out of diverse public schools into private schools.
For example, private schools that receive voucher funding are not always required to adopt the same antidiscrimination policies as public schools.
School voucher programs can also negatively impact the quality of public schools serving Black students.
As some of the best and brightest students leave to attend private or parochial ones, public schools in communities serving Black students often face declining enrollments and reduced resources.
In cities such as Macon, Georgia, families say that majority Black schools lack resources because so many families use the state’s voucher-style program to attend mostly white private schools.
Moreover, the cost of attending a private or parochial school can be so expensive that even with a school voucher, Black families still struggle to afford the cost of sending children to these schools.
Vouchers can siphon school funding
Voucher programs can disproportionately affect funding in majority Black school districts. kali9/Getty Images
Research from the Economic Policy Institute, a nonpartisan, nonprofit think tank based in Washington, D.C., shows that voucher programs in Ohio result in majority Black school systems such as the Cleveland Metropolitan School District losing millions in education funding.
Another example is the Marion County School District, a South Carolina system where about 77% of students are Black.
Marion County is in the heart of the region of the state known as the “Corridor of Shame,” known for its inadequate funding and its levels of poor student achievement. The 17 counties along the corridor are predominantly minority communities, with high poverty rates and poor public school funding because of the area’s low tax base due to a lack of industry.
On average, South Carolina school districts spent an estimated US$18,842 per student during the 2024-25 school year.
In Marion County, per-student funding was $16,463 during the 2024-2025 school year.
By comparison, in Charleston County, the most affluent in the state, per-student funding was more than $26,000.
Returning voucher policy to its roots
Rather than focus on school choice and voucher programs that take money away from public schools serving Black students, I argue that policymakers should address systemic inequities in education to ensure that all students have access to a quality education.
Establishing restrictions on the use of funds and requiring preferences for low-income Black students could help direct school voucher policies back toward their intent.
It would also be beneficial to expand and enforce civil rights laws to prevent discrimination against Black students.
These measures would help ensure all students, regardless of background, have access to quality education.
Kendall Deas does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Yet as fascination with America’s founding endures, controversy colors how the revolution is taught across the United States. From contested efforts by The New York Times “1619 Project” to put slavery at the center of America’s story, to attempts to limit teaching about race and racism, partisanship surrounds the teaching of American history. Anniversaries can inspire public passion, but they can also open old wounds.
As an American historian and a naturalized citizen of the United States, I regard the American Revolution with both personal and professional interest. The fact that I grew up in the United Kingdom amuses my students to no end whenever we discuss the Revolutionary War. Sometimes, in my British-accented English, I remind them I did not personally grow up with King George. Teaching history is encouraging students to think critically about the past without dictating what emotions they should feel – patriotic or otherwise.
Sadly, in the U.S., the sort of objective historical knowledge once taken for granted now appears to be waning. According to the National Assessment of Educational Progress, just 13% of eighth graders in 2023 ranked “proficient” in American history. A 2010 survey found that 26% of adults could not identify from whom America declared its independence, with China, Mexico and France among the responses.
America divorcing France would have been news to Gilbert du Motier, better known as the Marquis de Lafayette. His commitment to the new country not only helped secure its independence, but it also helped solidify American identity decades later.
Key alliance
A privileged aristocrat who served in both the American and French revolutions, Lafayette went to war at age 19. Commissioning and equipping his own expedition across the Atlantic in 1777, he fought in many battles against the British, including decisive action at Yorktown. Earning George Washington’s confidence, Lafayette attained the rank of major general in the Continental Army.
‘The reception of Lafayette at Mount Vernon, home of Washington,’ painted by Herman Bencke around 1875. Bencke & Scott/Library of Congress
Lafayette’s enrollment in the U.S. military predated the 1778 alliance between his home country and the United States. Eventually, France’s alliance turned the tide against Great Britain on land and at sea. By the war’s end, the French had supplied some 12,000 soldiers, 22,000 sailors and dozens of warships to the American cause, plus huge financial resources. When Lafayette volunteered, however, he was one of just a few foreign volunteers – and the most acclaimed.
“Nowadays,” as historian Sarah Vowell conceded, Americans think of Lafayette as “a place, not a person.” But an abundance of cities, counties and thoroughfares named after the revolutionary hero attest to his former celebrity. During World War I, U.S. troops sailed to France under the slogan “Lafayette here we come,” promising to repay America’s debt of gratitude to France.
A growing country
Older Americans may recall the U.S. bicentennial of 1976, marked with much pageantry and even a state visit by Queen Elizabeth II. America’s semicentennial, however – the 50th anniversary of independence – played a far greater role shaping the idea of America in the minds of its citizens.
Lafayette starred in the buildup to this 1826 commemoration, the first of its kind at the national level. President James Monroe, a fellow veteran of the War of Independence, invited Lafayette to be “the guest of America,” honored as the last living major general of the Continental Army. Beginning in July 1824, at the age of 66, Lafayette embarked on a triumphal tour of all 24 states then comprising the union – nearly double the original 13.
As Lafayette headed west, borne by horse-drawn carriage, steamboat and canal barge, he journeyed across a changing America. Nowhere was America’s economic and demographic growth more evident than Cincinnati, where a crowd of 50,000 welcomed Lafayette in May 1825. Once a small frontier town, Cincinnati was growing faster than any comparably sized city in the nation: Its population increased from around 15,000 to roughly 115,000 in the quarter century following Lafayette’s visit.
He addressed his audience with emotion: “The highest reward that can be bestowed on a revolutionary veteran is to welcome him with a sight of the blessings which have issued from our struggle for independence, freedom and equal rights.”
Lafayette gave human face to America’s national commemoration. He granted citizens of frontier states like Ohio – hitherto excluded from the revolutionary narrative – license to celebrate themselves. High turnouts in western stops such as Cincinnati reflected enthusiasm for grand spectacles. They also reflected the growth of America’s print media, which had advertised his visit, and improved transportation in formerly remote regions of the country.
Lafayette’s tour culminated with a September 1825 state banquet in Washington, D.C., hosted by the new president, John Quincy Adams. Adams – the son of America’s second president, John Adams – praised “that tie of love, stronger than death,” connecting Lafayette “for the endless ages of time, with the name of Washington.”
Rose-colored glasses
The enthusiasm that welcomed Lafayette 200 years ago was authentic. But like all good history lessons, Lafayette’s legacy is open to interpretation.
His grand tour cemented the myth of “the Era of Good Feelings”: a golden age of American political harmony. In reality, the seeds of America’s civil war were already evident. Missouri’s 1820 admission to the union threatened the country’s precarious balance between states that opposed slavery and states that allowed it – a crisis Thomas Jefferson warned was “a fire bell in the night.”
Likewise, Lafayette’s lionization in the western United States coincided with the ongoing forced removal of Indigenous people. Ohio, for example, forcibly removed its last Native American tribe in 1843.
Despite the uses and abuses of historical memory and the aversion of modern historians toward hero-worship, Lafayette remains a charismatic figure – a “citizen of two worlds” who championed both abolitionism and women’s rights. I believe his fading public memory indicates a troubling amnesia. America’s anniversary offers the opportunity to reconsider his legacy, alongside revolutionary stories of Americans from all walks of life.
As Lafayette wrote home following the British army’s surrender in 1781: “Humanity has won its battle. Liberty now has a country.”
Matthew Smith does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
While many Americans do not trust national news, they still say they have faith in local news. iStock/Getty Images Plus
Many Americans say they have lost trust in national news – but most still believe they can rely on the accuracy of local news.
In 2023, trust in national newspapers, TV and radio reached historic lows. Just 32% of Americans said they have a “great deal” or “fair amount” of trust in these news sources. In 1976, by comparison, 72% of Americans said they had a “great deal” or “fair amount” of trust in mass media, including newspapers, TV and radio.
And in 2021, the United States ranked last among 46 countries in the trust citizens placed in news outlets.
Yet even as the local news industry is declining in the U.S. – more than 3,200 local and regional newspapers have closed since 2005 – Americans still place much more trust in local news than they do in national news.
In 2024, 74% of Americans said they had “a lot of” or “some” trust in their local news organizations, and 85% believed their local news outlets are at least somewhat important to their community.
Despite their trust in local news, many Americans are not willing to pay for it. Only 23% of Americans who say they pay for online news report paying for a local or regional newspaper.
News organizations in the U.S. have long relied on commercial business practices – such as advertising from companies and subscriptions from readers – that have not been financially sustainable since the mid-2000s.
Newspapers’ advertising revenue peaked around 2005 and has since rapidly declined from more than $49 billion a year in 2005 to less than $10 billion in 2020, according to the Pew Research Center. This drop was driven by the rise of the internet.
As a result, the U.S. has lost more than a third of its local and regional newspapers since 2004.
Now, “news deserts” have become more common. This term describes places where there are not enough reliable news sources to help people get information about their local communities.
Of the local newspapers that remain, 80% are weeklies, as opposed to the daily local newspapers that were more common in the past.
Americans also read local newspapers less than they once did. Since 2015, print and digital circulation numbers have dropped 40% for weekday news editions and 45% for Sunday editions among locally focused daily newspapers and their websites.
Despite local news’ problems with declining revenue and readership, Americans still trust local news – and this trust crosses partisan lines.
A 2024 Pew Research Center survey found that both Republicans and Democrats think local journalists are in touch with their local communities. The majority of Democrats and Republicans in this survey agreed that local news media “report news accurately,” “are transparent about their reporting,” “cover the most important stories/issues” and “keep an eye on local political leaders.”
This might be because local newspapers can focus on issues people encounter in their day-to-day lives rather than on national politics. In many cases, readers are also able to more easily connect with local journalists in their communities and share story ideas or feedback.
Local news gives constituents information they need to monitor whether their local leaders are implementing campaign promises. People who regularly follow local news are more likely to participate in politics, including voting in local elections, contacting a local public official and attending a town hall meeting.
A man reads the New York Post, a local New York City paper, on Nov. 5, 2008, in Grand Central Station. Don Emmert/AFP via Getty Images
Some Americans started relying more heavily on national news when local newspapers shut down, which research shows led to increases in political polarization. My research found that when people trust a partisan-leaning national news source, for example, they’re very likely to agree with the partisan-slanted news stories published by that source.
As nonpartisan local newspapers have vanished or downsized, partisan-leaning online local news content has cropped up over the past several years. These sites publish news stories that are focused on local issues but approach it with a partisan bent. As a result, people looking for local news information may take in unreliable information that is presented as local news and interpret it as trustworthy.
Verifying the origins and intentions of information continues to be paramount for news consumers to make sure they are receiving accurate information – including when it comes to local news.
While the local news industry continues to face financial problems, research shows that local journalists could consider new content ideas to increase readers’ interest, such as engaging with community members by answering their specific questions.
Meanwhile, I believe that news consumers should consider whether they are willing to pay for and continuously support the local news they say that they trust. Without that support, their trusted local news source may disappear.
Jennifer Hoewe does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Imagine finding out your friends hosted a dinner party and didn’t invite you, or that you were passed over for a job you were excited about. These moments hurt, and people often describe rejection in the language of physical pain.
While rejection can be emotionally painful, it can also teach us something.
I am a social psychology researcher, and research my colleagues and I have conducted shows that rejection can serve as a learning signal – shaping how people navigate relationships and decide whom to attempt to connect with in the future.
But why does being excluded hurt so much? From an evolutionary standpoint, our brains likely evolved to treat social rejection as a threat. For our ancestors, losing social bonds meant losing access to protection, resources, and cooperation – making social connection and belonging a fundamental human need. In other words, rejection hurts to alert you that your welfare is in danger.
Early neuroscience studies seemed to support this idea. When people were left out of a simple virtual ball-tossing game, their brain activity mirrored the response to physical pain, showing activation of a brain region called the anterior cingulate cortex.
Later studies suggested a different explanation: Perhaps it wasn’t just the pain of rejection that triggered this brain activity, but also the surprise of it. In this view, the brain responded differently to negative feedback and unexpected feedback. What might your brain do with this unexpected feedback?
Social lives aren’t defined by isolated moments of rejection. You learn through interactions: You get to know people, read their intentions, revise your assumptions and try to make sense of mixed signals. People might turn you down for all sorts of reasons – some understandable, others harder to accept. You then reflect on what these experiences mean, adjustyour behavior, and if you cross paths with them again, you get another chance to decide how you want to engage.
This is where our research takes a next step: We examine how people learn from social rejection and acceptance over time and how they use these past experiences to build future connections, deciding on whom to invest in building relationships with and whom to let go.
Rejection as an experience to learn from
My colleagues and I designed a dynamic experiment that mimics the structure of real social decisions. Using behavioral tests, brain imaging and computational modeling, we studied how people learn from repeated social feedback.
Our college-aged participants played a multi-round economic game while undergoing brain scans. First, they created personal profiles for themselves answering questions about times they were honest and trustworthy, and were told that other players would read these profiles to get to know them better. These other players, who assumed the role of “Deciders,” would then rank participants – “Responders” – in the order they wanted to play with them.
In each round, Responders were either accepted or rejected by Deciders. This depended on two things: how highly they had been ranked and how many slots the computer had allowed for that round. In reality, Responders weren’t paired with real people; the Deciders’ rankings and number of slots were generated by the computer.
Participants could receive a high rank but still get rejected if there were not enough slots. That scenario is like not receiving an invitation to a wedding due to a very tight budget – the outcome is disappointing but understandable because you know you were excluded due to circumstances and that your friend still values you. Or participants could receive a poor rank but still get accepted if there were a lot of slots. This would be similar to being picked last for a team – still getting a chance to play despite knowing you were not as desired.
This unique design allowed us to tease apart how people learn from two types of feedback. When you’re accepted, your brain notes that feeling included results in a rewarding experience. Your brain also calculates relational value, which indicates how much you think others value you. In the case of our study, relational value was indicated by how highly Responders were ranked by the Decider.
If accepted by a Decider, Responders would receive a pot of money that would triple. Responders would then get to decide whether to give half of the tripled amount back to the Decider or keep all to themselves, putting trust and reciprocity to test.
We found that Responders were more likely to choose Deciders who had accepted them and rated them highly, learning from both kinds of feedback. With neuroimaging, we identified that these learning mechanisms were distinctly tracked by different regions in the brain.
Brain areas that researchers previously foundto be active in social rejection studies, like the anterior cingulate cortex, were also activated when participants received feedback about how much they were valued. Interestingly, this activity didn’t just reflect pain or surprise; it reflected a recalibration of their perceived social worth, as this brain activity occurred when participants changed their beliefs about how others rank them.
Together, these findings suggest that the brain is doing more than reacting to rejection or reward – it’s in fact learning from it. Each social interaction helps people update internal models of who values them and who doesn’t, shaping future decisions about whom to trust, approach or avoid.
When it comes to social relationships, the two learning systems we studied here – how people respond to rewards and how they track relational value – serve an important role in interpreting social interactions and adjusting behavior. To maintain healthy relationships, you need to disentangle social rewards from how much you think others value you.
You sometimes need to recognize that your friend still values you even if they might disappoint you, like missing a birthday party for a valid reason. Without this kind of understanding, relationships can become unstable.
In fact, some mental health conditions reflect problems in these very processes. For example, borderline personality disorder is often marked by volatile relationships and intense reactions to both kindness and perceived slights.
By unpacking how people learn from acceptance and rejection, our study offers a foundation to better understand both healthy social behavior and the struggle to connect.
Begüm Babür does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
overnor Kathy Hochul today released new data showing the massive impact the GOP’s ‘Big Ugly’ Reconciliation Bill would have on New York families. The latest bill threatens to severely disrupt health coverage for millions of New Yorkers. In addition to increasing the number of uninsured by 1.5 million and stripping $13.5 billion in annual funding from New York’s healthcare system, the bill would trigger steep increases in private health insurance premiums for vulnerable New Yorkers and impose excessive burdens on consumers enrolling through NY State of Health, the State’s official health plan marketplace.
“The GOP’s Big Ugly bill would slash health care coverage for millions of New Yorkers and raise monthly costs by hundreds of dollars,” Governor Hochul said. “If New York’s Republican delegation won’t stand up for their own constituents, I will.”
Health care providers, insurers and state leaders across the country are sounding the alarm over the proposed legislation, which would slash billions in federal health care support. In addition to jeopardizing and in some cases entirely eliminating coverage for New York’s 1.6 million Essential Plan enrollees, the bill would trigger steep increases in costs for many New Yorkers who purchase private health insurance. The elimination of American Rescue Plan enhanced premium tax credits, alone, will increase net cost of coverage across the State by an average of 38 percent for 140,000 low-income individuals and families purchasing plans through the state’s marketplace. This equates to an increase in cost of $114 per month for an individual and $228 per month for a couple.
See below for a summary of expected premium increases due to the elimination of American Rescue Plan enhanced premium tax credits across the State:
Region
Average Monthly Cost Increase For a Couple ($)
Average Monthly Cost Increase For a Couple (%)
New York City
$211
38%
Mid-Hudson
$206
31%
Long Island
$219
32%
Capital Region
$231
33%
Western New York
$267
38%
Central New York
$256
43%
Finger Lakes
$248
42%
Mohawk Valley
$270
49%
Southern Tier
$265
48%
North Country
$253
44%
Statewide
$228
38%
The combined impact of the elimination of enhanced premium tax credits and additional provisions of the proposed U.S. House Republican reconciliation bill will push more healthy consumers out of the insurance market, leaving behind a less healthy population and driving further rate increases. This cycle will result in spiraling insurance costs and lack of access to coverage for individuals and families.
New York State Health Commissioner Dr. James McDonald said, “The proposed cuts to federal health care support hurt everyone. These cuts take health insurance away from working New Yorkers. They undermine the progress we’ve made in providing affordable and accessible health insurance to New Yorkers. When people lose health insurance, they risk going without needed health care or suffering financial hardship.”
In addition to increasing premiums for low-income individuals and families who qualify for tax credits, it is estimated that the elimination of those tax credits will increase insurance rates for the more than 100,000 New Yorkers who purchase coverage in the individual commercial market but do not qualify for tax credits. Insurers have estimated that those consumers and families will face a 4.3 percent increase in their insurance rates next year solely due to the elimination of these credits.
Early estimates also indicate the proposed bill could result in 65,000 to 80,000 people — approximately one-third of enrollees in the individual market — losing their coverage. Many more consumers will experience significant new red tape that will make it harder to enroll in and renew coverage.
The proposed bill would also strip New York of its flexibility and autonomy in running its own marketplace and serving the needs of its residents, imposing onerous and costly new administrative burdens on the State. The State anticipates more than $10 million in new administrative costs to implement the changes required by the bill.
NY State of Health Executive Director Danielle Holahan said, “We have tremendous concerns about the compounding effects of this bill especially when combined with the expiration of the premium tax credits. Reducing eligibility for the financial assistance that helps New Yorkers afford care means people end up paying more for doctor visits, medications, and mental health care. Already struggling providers, especially in rural parts of the state, might not be able to sustain operations under this proposal, further restricting New Yorkers’ access to care.”
New York has had tremendous success over the past 12 years in operating its marketplace — with 6.7 million individuals currently enrolled in coverage — and has achieved a statewide uninsured rate of less than 5 percent, the lowest rate amongst large states across the country. This bill would reverse decades of progress in expanding coverage and making health care more affordable and accessible in New York and jeopardize the health of consumers across the State.
SAN JOSE, Calif., June 09, 2025 (GLOBE NEWSWIRE) — Nutanix, Inc. (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced that it will host a webinar to discuss the cloud native capabilities of the Nutanix Cloud Platform, including Nutanix Kubernetes Platform, Nutanix Data Services for Kubernetes and Nutanix Enterprise AI.
Speakers will include: Thomas Cornely, SVP, Product Management Dan Ciruli, Sr. Director, Product Management
No financial information will be discussed during the event.
Date and Time: Friday, June 13, 2025 8:00 a.m. PDT; 11:00 a.m. EDT
To register for the webinar, please access the link here.
A live webcast and replay of the presentation will also be accessible on the Nutanix Investor Relations website at ir.nutanix.com
About Nutanix Nutanix is a global leader in cloud software, offering organizations a single platform for running applications and managing data, anywhere. With Nutanix, companies can reduce complexity and simplify operations, freeing them to focus on their business outcomes. Building on its legacy as the pioneer of hyperconverged infrastructure, Nutanix is trusted by companies worldwide to power hybrid multicloud environments consistently, simply, and cost-effectively. Learn more at www.nutanix.com or follow us on social media @nutanix.
LAS VEGAS, June 09, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that the Company and Gresham Worldwide, Inc. (“Gresham Worldwide”), currently an affiliated defense business in which the Company holds a majority economic interest, have entered into a comprehensive settlement agreement (the “Settlement Agreement”) with Gresham Worldwide’s senior secured noteholders in its Chapter 11 bankruptcy proceedings. While the Settlement Agreement is subject to court approval, Gresham Worldwide is expected to emerge from bankruptcy as a subsidiary of the Company on or before October 1, 2025.
Upon Gresham Worldwide’s emergence from bankruptcy, Hyperscale Data expects to reconsolidate Gresham Worldwide’s financial results into its financial statements and anticipates that Gresham Worldwide will contribute up to an additional $10 million in consolidated revenue in the fourth quarter of 2025. If the reconsolidation of Gresham Worldwide had occurred on January 1, 2025, on a pro forma basis, a non-GAAP financial measure, this reconsolidation would have been expected to increase the Company’s annualized revenue for 2025 by approximately $40 million.
In connection with the anticipated reconsolidation, Hyperscale Data has raised its full-year 2025 GAAP basis revenue guidance to a range of $125 million to $135 million. The table below presents pro forma figures, which are not necessarily consistent with GAAP, that show the expected revenue run rate including an annualized contribution from Gresham Worldwide:
Revenue Guidance
Low End
High End
Previously issued guidance
$
115,000,000
$
125,000,000
Pro forma annualized contribution from Gresham Worldwide
40,000,000
40,000,000
Pro forma total revenue
$
155,000,000
$
165,000,000
“The settlement marks a turning point for Gresham Worldwide and reflects the hard work and collaboration of all parties involved,” said Milton “Todd” Ault III, Executive Chairman of Hyperscale Data. “We expect Gresham Worldwide’s emergence from bankruptcy to create substantial value for Hyperscale Data through meaningful revenue contribution and operational momentum as we move forward. We look forward to supporting Gresham Worldwide’s long-term growth and success.”
For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.
About Hyperscale Data, Inc.
Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence (“AI”) ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.
Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.
On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.
HOUSTON, June 09, 2025 (GLOBE NEWSWIRE) — Viva Payday Loans has announced the launch of a powerful new platform for loans for bad credit aimed specifically at U.S. borrowers seeking urgent loans for bad credit with guaranteed approval. With traditional banks still turning away millions with low credit scores, this online solution provides a free, fast, and secure alternative for accessing personal loans for bad credit, even for those previously denied.
Backed by top-rated lenders and cutting-edge matching algorithms, Viva Payday Loans now helps applicants get matched with flexible offers in real-time offering up to $5,000 in funding through a 3-minute application, without any hard credit check.
Viva Payday Loans connects borrowers to a wide network of licensed lenders across the U.S., making it easier to get bad credit loans without facing the delays and rejections typical of banks.
Key Features:
Borrow from $100 to $5,000
No hard credit checks—only soft inquiries
Guaranteed approval based on income, not FICO score
100% online, no paperwork, no phone calls
Works for gig workers, freelancers, and benefit recipients
Same-day deposit for most approved loans
Step-by-Step: How to Apply for Bad Credit Loans in 2025
Step 1: Complete a Simple Form Go to Viva Payday Loans and enter basic info: name, location, monthly income, and amount needed.
Step 2: Compare Offers Instantly The system searches multiple lenders and shows pre-approved offers—no FICO score required.
Step 3: Accept Offer & Get Paid Choose the best offer, e-sign, and funds are deposited—often within hours.
Who Qualifies for Bad Credit Loans?
You may be eligible for personal loans for bad credit if you:
Are 18+ and a U.S. resident
Make $800+ per month (job, side hustle, or benefits)
Have an active checking account
Can verify email and mobile number
Types of Bad Credit Loans Offered by Viva Payday Loans
No Credit Check Loans – Skip the FICO check. Get offers based on your current income only.
Installment Loans – Flexible repayment terms from 2 to 24 months.
Urgent Loans for Bad Credit – Ideal for medical bills, rent, car repairs, and more.
$500 Cash Advance – Small loans with fast approval and no credit penalty.
Same-Day Personal Loans for Bad Credit – Often funded within a few hours.
Online Payday Loans – Short-term loans for emergency needs with quick turnaround.
Emergency Loans for Unemployed – For those with benefit or non-traditional income.
Bad Credit Installment Loans with Monthly Payments – Easier to manage than lump-sum payback.
Fast Approval Personal Loans – Zero paperwork, zero phone calls—100% digital.
Guaranteed Approval Bad Credit Loans – High approval rates even with past defaults.
Real Customer Testimonials
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Carlos M., Phoenix, AZ “I drive Uber full-time and needed help covering rent. Viva Payday Loans connected me to a lender who didn’t care about my score—just my income.”
Why This Matters in 2025
In today’s economy, more Americans are living paycheck to paycheck—and bank systems are outdated. Millions have been excluded from fair lending due to FICO scores, old debt, or non-traditional jobs.
Viva Payday Loans is changing that. With a mobile-first platform and high approval rates, it’s one of the few ways to access loans for bad credit with real-time decisions and no risk to your credit report.
If you’re looking for personal loans for bad credit with guaranteed approval, Viva Payday Loans offers one of the fastest, most trusted ways to get funded. The application is free, secure, and open 24/7.
Media Contact: Mukesh Bhardwaj Email: mukesh@paydayventures.com
Disclaimer: Loan approval depends on lender criteria and income verification. Viva Payday Loans is not a direct lender. All services are free to use and open to U.S. residents only.
Synchrony to become exclusive issuer of OnePay credit cards at Walmart, with the credit card experience embedded inside the OnePay app
The program will add credit cards to OnePay’s growing portfolio of financial services products, helping consumers save, spend, borrow, and grow their money — all in one place
NEW YORK and STAMFORD, Conn., June 09, 2025 (GLOBE NEWSWIRE) — OnePay, a leading consumer fintech, and Synchrony (NYSE: SYF), a premier consumer financial services company, today announced a strategic partnership to exclusively power a new industry-leading credit card program with Walmart (NYSE: WMT). The credit card program is expected to launch this fall, with the experience embedded inside the OnePay app and powered by Mastercard’s global payments network, and will be made available to millions of Walmart customers and to consumers across the U.S.
OnePay, the consumer fintech backed by Walmart and Ribbit Capital, today serves millions of customers nationwide and offers a suite of banking, credit, and payments products — including cashback debit, high-yield savings, installment loans, a digital wallet, and domestic and international peer-to-peer payments. In partnering with Synchrony and Mastercard, OnePay will add credit cards to its growing portfolio as part of its vision to help people save, spend, borrow, and grow their money with a simplified way to holistically manage their financial lives.
As part of the program, OnePay and Synchrony will introduce both a general-purpose card, which will serve as the program’s signature card and be available to use anywhere Mastercard is accepted, and a private label card, which will be exclusively for Walmart purchases. The credit card functionality will be embedded inside the OnePay app, offering millions of Walmart’s U.S. customers a sleek, intuitive digital experience and the ability to access OnePay’s suite of financial services products.
“Our goal with this credit card program is to deliver an experience for consumers that’s transparent, rewarding, and easy to use,” said Omer Ismail, Chief Executive Officer, OnePay. “We’re excited to be partnering with Synchrony to launch a program at Walmart that checks each of those boxes and will help serve millions of people.”
Synchrony will leverage its deep lending expertise and innovative digital capabilities to deliver financial flexibility through a seamless experience. Following the initial launch and reserve costs, the program is expected to drive loyalty and sales at attractive risk-adjusted returns and be accretive to the company’s long-term financial performance.
“We are proud to be selected by OnePay to further our mission of helping people live better and build healthier financial futures with Walmart,” said Brian Doubles, President and Chief Executive Officer, Synchrony. “Together, we aim to drive even greater innovation and new credit experiences to better serve customers while driving long-term, high-quality growth.”
“Walmart is always seeking innovative ways to help customers save money and live better,” said John David Rainey, Executive Vice President and Chief Financial Officer, Walmart Inc. “Today’s announcement represents one more way we’re serving our customers the way they want to be served, providing an upgraded digital financial services experience with even greater choice and value.”
“Consumers today expect financial products that are simple, secure, and built around how they live and shop,” said Linda Kirkpatrick, President, Americas at Mastercard. “Our partnership with OnePay and Synchrony brings together deep retail expertise, trusted credit capabilities, and the scale, security, and reliability of Mastercard’s global payments network to deliver a seamless, rewarding experience for Walmart customers — whenever and wherever they choose to pay.”
About OnePay OnePay is a leading consumer fintech on a mission to help people achieve financial progress. The company is backed by Walmart and Ribbit Capital and partners with other financial institutions to offer digital financial services that empower consumers to save, spend, borrow, and grow their money — all in one place. OnePay is a financial technology company, not a bank. Banking services are provided by Coastal Community Bank and Lead Bank, Members FDIC and loans through OneProgress Services LLC. OnePay debit and credit cards are issued by partner banks pursuant to licensing by MastercardⓇ International. To learn more about OnePay, please visit onepay.com.
About Synchrony Synchrony (NYSE: SYF) is a leading consumer financing company at the heart of American commerce and opportunity. From health to home, auto to retail, our Synchrony products have been serving the needs of people and businesses for nearly 100 years. We provide responsible access to credit and banking products to support healthier financial lives for tens of millions of people, enabling them to access the things that matter to them. Additionally, through our innovative products and experiences, we support the growth and operations of some of the country’s most respected brands, as well as more than 400,000 small and midsize businesses and health and wellness providers that Americans rely on. Synchrony is proud to be ranked as the country’s #2 Best Company to Work For® by Fortune magazine and Great Place to Work®. For more information, visit www.synchrony.com.
Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “will,” “aim,” “expect,” or words of similar meaning. The forward-looking statements convey expectations related to the strategic partnership between Synchrony and OnePay, which are based on assumptions and subject to inherent uncertainties, risks and changes that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. For the reasons described above, we caution you against relying on any forward-looking statements, which should also be read in conjunction with Synchrony’s public filings, including under the heading “Risk Factors Relating to Our Business” and “Risk Factors Relating to Regulation” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed on February 7, 2025. Any forward-looking statement speaks only as of the date on which it is made and we undertake no obligation to update any forward-looking statement, except as otherwise may be required by law.
Paddy Hill spent more than 16 years in prison for murders he did not commit. One of the so-called Birmingham Six who were wrongfully convicted for the Birmingham pub bombings in 1974, he was proof that exoneration and financial compensation do not fix a miscarriage of justice.
When I met him in July 2023, more than 30 years after his release from prison, his ordeal continued to haunt him. He was in his late 70s, looking frail and far from the “12 and a half stone” man he was in Parkhurst Prison. He had very little appetite and was in poor health. The little sleep he was able snatch was marred by screaming nightmares.
Neither of us knew it at the time, but this was to be his final interview. He died aged 80, on December 30 2024. I sat down to talk with Hill in his living room. Struggling to control his emotions, he told me: “Sometimes I sit in the bedroom … and I’m crying my eyes out like a child and I don’t know what the fuck happened … I’ve been so fucking screwed up.”
The ITV docudrama Mr Bates vs the Post Office thrust wrongful convictions into mainstream consciousness in January 2024 – a quarter of a century after the Post Office began prosecuting sub-postmasters and mistresses for fraud, theft, and false accounting and 15 years after Rebecca Thomson’s Computer Weekly article exposing the Horizon IT system as the potential culprit.
Now the public could finally see the human impact of miscarriages of justice on these upstanding – and, more importantly, innocent – members of their communities. Public outrage followed.
But despite the mass quashing of hundreds of convictions, and amid promises of speedy financial compensation, progress has been pitiful. While collecting a National Television Award in September 2024, former sub-postmistress Jo Hamilton confirmed that out of the “555 group”, those involved in the litigation which exposed the Horizon scandal, “more than 300 haven’t been paid yet, including Sir Alan Bates”.
Sadly, this timescale is far from unusual. In July 2023, Andrew Malkinson finally had his 2003 rape conviction overturned after several unsuccessful appeals, including unsuccessful applications in 2012 and 2020 to the Criminal Cases Review Commission (CCRC), the independent body which investigates potential miscarriages of justice.
Crucially, the CCRC did not commission the DNA testing that finally exonerated him and did not review police files which would have shown that Greater Manchester Police had withheld crucial evidence at his trial.
Malkinson spent 17 years in prison maintaining his innocence. Perversely, he could have been released sooner had he falsely confessed. He was eventually exonerated thanks to the help of the charity Appeal, which commissioned those crucial DNA tests and unearthed the disclosure failures.
The CCRC has since acknowledged in an independent review that it “failed Mr Malkinson” with chairperson Helen Pitcher OBE (whose recent resignation was welcomed by the Ministry of Justice) eventually expressing “sincere regret and an unreserved apology on behalf of the commission”. All of this happened 12 months after Malkinson called on the CCRC to apologise to him. Malkinson said it was “shameful” that the CCRC has kept private the names of those responsible for his ordeal and delayed the publishing of the report highlighting its mishandling of his case.
The true number of miscarriages of justice is unknown. In the UK, the CCRC referral rate averages 2% including appeals of sentence. In the US, estimates of wrongful conviction and imprisonment range from 6% to 15.4%.
The Insights section is committed to high-quality longform journalism. Our editors work with academics from many different backgrounds who are tackling a wide range of societal and scientific challenges.
Inevitably, some innocent people will have their appeals denied and will remain convicted for the rest of their lives. The trauma of remaining legally guilty of a crime you did not commit cannot be overstated.
But persistent psychological ill-effects can be seen even in those who have been formally exonerated, including long-term effects on their employment and relationships.
I’ve been examining cases like this as part of a research project into the experiences of people who suffer grave miscarriages of justice. Working with Dr Mandy Winterton at Edinburgh Napier University, I interviewed several men who have been imprisoned for crimes they did not commit.
As academics with psychology and sociology backgrounds, we were predominantly interested in how victims were affected by such injustices. Previous research has documented the litany of mental health and social effects on those who have been wrongfully convicted and exonerated, and the flaws in the criminal justice system that are to blame. But little attention has been paid to individual experiences. While there were clear commonalities in the men’s stories, they all had unique perspectives.
Of the people we spoke to, Hill and a man called Jimmy Boyle spoke to us on the record and specifically requested that they be named. I have given the other men featured here pseudonyms to protect their anonymity.
Paddy Hill
Hill’s story is particularly harrowing. On November 21 1974, shortly after 8pm, bombs exploded in two pubs in Birmingham, England, killing 21 people and injuring around 200 others. They were attributed to the Provisional Irish Republican Army (IRA), which had detonated many bombs in the West Midlands in the previous year.
Hill and his friends were arrested at Heysham Docks as they were boarding the ferry to Belfast to attend the funeral of an old friend who had been a member of the IRA. Hill said that they were initially interviewed at Morecambe police station in Lancashire, and the West Midlands Police took over their questioning the next day.
Hill and his co-accused were, says Hill, tortured by the West Midlands serious crime squad. They were subjected to anti-Irish verbal abuse, hours-long beatings over several days, mock executions, were burned with cigarettes, and deprived of sleep, food and drink. Unable to withstand this, four of the six men eventually signed false confessions, condemning them all to life imprisonment in 1975 for the murders. The six men brought a civil action against the West Midlands Police which was thrown out in 1980 by Lord Denning.
These shocking revelations eventually reached the public consciousness thanks to investigative journalist and former Labour MP Chris Mullin, who uncovered evidence of police wrongdoing and corruption. His work informed the group’s court of appeal hearing in 1987. However, the convictions were upheld by Lord Chief Justice Lane. It was only at their second appeal in 1991, after Mullin had uncovered more evidence of their innocence, that they were finally exonerated.
Despite other lines of enquiry which could have led to the real bombers – including a confession and several named suspects – the Crown Prosecution Service (CPS) decided in 2023 that there was insufficient evidence to prosecute, denying justice to the families of those killed and injured.
The impact on Hill’s family was enormous. With such public vitriol for the Birmingham Six, his wife and children had to move house regularly and change their names to avoid being recognised. He told me:
Everywhere they went, sooner or later somebody found out who they were and then they’d pick on them. And sometimes my kids were going to school and they couldn’t even remember what fucking name they were supposed to be using, they were that confused.
Hill’s marriage ended while he was in prison. “I told her to divorce me. I said: ‘Meet someone, you want to get married, don’t worry about me.’ And that was it.”
He later remarried, but his relationship with his children was irretrievably destroyed. “Along the way I lost my own kids, because I came out of jail and I didn’t feel nothing for my kids. I still don’t … I’ve spent more time here with you than I have done in the last 20 fucking years with my kids.”
Though he was referred to psychologists for support, he told me none were able to help him. Over and above the pains of imprisonment, the wrongfully convicted are betrayed by the very people that we are led to believe are there to protect us. The justice system has wrought on them the worst injustice, and many will suffer from enduring anger and mistrust of authorities.
When we met, Hill was still consumed by his anger and felt badly let down: “Over the years I realised I was never going to get any professional help from the government, even though we have it in writing that they have a duty of care towards us – but they’ve never done nothing to help us … If they did, they would acknowledge what they’ve done wrong.”
Up until his death, Hill had spent much of the past 30 years helping other survivors of miscarriages of justice. Initially intending to spend his first 12 months of freedom campaigning, he “got involved with the families, and it was then I realised how bad the families had it … That’s what kept me going, coming out and campaigning.”
He established the Miscarriages of Justice Organisation (Mojo), a Glasgow-based charity dedicated to supporting the wrongfully convicted. It provides advocacy for clients in prison, aftercare and reintegration services, and dedicated psychological support offered pro-bono by a clinical psychologist.
But the demand far exceeds Mojo’s ability to help, and it may take several months for a case to be assessed. Euan McIlvride, the organisation’s legal officer, told me it typically receives “250 applications a year, and we will probably support only ten of those because the rest of them don’t meet the requirements for our support … We have finite resources.”
For Hill, keeping busy provided some relief from thinking about his ordeal.
…When you aren’t doing something, all you’re going to do is sit there and think … about things you don’t fucking want to think about. I don’t know what happens to me when I go to sleep … [My wife] hears me screaming … kicking and punching everything … I’ll be watching television and all of a sudden … BANG! It’s like a non-stop video going through your head all the time.
Chained to a radiator
The Police and Criminal Evidence Act 1984 (Pace), which came to effect in 1986, aimed to reduce miscarriages of justice by balancing the powers of the police and the public. Pace provides safeguards for suspects during questioning, puts a limit on how long suspects can be questioned for, and insists that interviews be recorded.
This makes it easier to detect when protocols have not been followed or there may have been mistreatment or intimidation.
It doesn’t prevent such wrongdoing, however.
I spoke with one man, who I am calling Mark, who was wrongfully convicted of murder in 1988. He told me there were over one hundred breaches of Pace in his case, including being handcuffed to a hot radiator, being denied food and water, and being denied a solicitor.
One of his co-accused, a vulnerable adult, had also falsely confessed to the crime. Mark lost his first appeal in 1990 but his case went to the CCRC when it was established in 1997. The CCRC brought in another police force to investigate. He said:
When I saw [their] report … I nearly fell off my chair and nearly choked on my coffee … Everything I had said all those years ago … the handcuffing to the radiators, they proved it. All the breaches of the Police and Criminal Evidence Act … that we were interviewed off the record … Making up notes and stuff like that. I couldn’t believe it. I knew we were going home.
He subsequently pursued a civil action against the police which was settled out of court, with the force insisting the settlement did not mean it was admitting liability.
Mark also suffered a marital breakdown, after he and his wife lost their baby daughter while he was on remand:
It ripped the guts out of my marriage, you know. My wife was only 17-18, same age as me … She had a husband inside and she lost a child. And you’ve got to look at the economical impact and the mental impact it had on her … She was just as much a victim as what I was.
He started taking drugs in prison: “I didn’t care if I lived or died because I had lost everything, as far as I was concerned.”
But Mark turned himself around, got off drugs and availed himself of all the education he had access to, including law and human rights, to build the strongest possible case for his appeal. With the aid of a human rights lawyer the CCRC referred his conviction in 1998, which was then quashed by the Court of Appeal in 1999. He had spent 11 years in prison as a convicted murderer.
‘The innocence test’
After his exoneration, Mark was successful in securing over £600,000 compensation for his ordeal, though he had over £37,000 deducted for “saved living expenses”. A House of Lords ruling in 2007 deemed that those receiving compensation for a miscarriage of justice can have the amount reduced to account for “savings” made while in prison – for costs such as food, housing and other bills that they would have had to pay had they not been wrongfully incarcerated.
Considering the difficulties people face accessing any financial compensation for their wrongful imprisonment, this adds further insult to injury. The rule has since been scrapped following the high-profile Malkinson case – but deductions made prior to this are not being reimbursed.
Mark was given no financial counselling or support, and he rapidly spent the money – more than he had ever had in his life – while trying to block out his pain:
By the time six months had gone, I’d spent the hundred grand [interim payment] on wine, women, drugs … ’cause I couldn’t cope with what was going on … That was my way of blotting out all the things I saw in prison.
The money also caused a rift in his family – something echoed by others I have spoken to. After the death of his mother, his family “went their own ways”.
Nowadays, only a small proportion of those exonerated will ever receive financial compensation due to the requirements of the so-called “innocence test”.
The Criminal Justice Act 1988 made it difficult for applicants to receive compensation because there had to be a newly discovered fact – not available at the time of their original trial – that they could use to make the case that they had suffered a miscarriage of justice.
The definition of what constitutes a miscarriage of justice has become more restrictive over time, meaning an applicant now must provide evidence, beyond reasonable doubt, of their innocence. In the absence of a key witness admitting to falsifying their statement or DNA evidence proving innocence, this is unlikely.
Like Hill, Mark struggled to adjust after his exoneration and release, and found support to be woefully lacking:
I had nobody to talk to, no money, no job, no house. I didn’t have any prospects. I phoned up my solicitor … I remember saying: ‘Why did you get me out?’ It was difficult to adjust … I slept with a hammer … under my pillow – I was very paranoid … All they did was give me tablets and told me to get on with my life. No counselling. Nothing. They didn’t know what to do with people like me.
Mark still suffers with post-traumatic stress disorder and depression, and has never been able to work a normal job. He continues to campaign for the wrongfully convicted and to increase awareness of miscarriages of justice. He credits this work with giving him a sense of purpose.
Jimmy Boyle – not innocent enough?
I also spoke to James Boyle, who was acquitted at retrial of historical sexual offences after he had spent five years in prison. Boyle, from Rutherglen, who likes to be known as Jimmy, has always maintained these offences never happened.
From the outset, Boyle found processes quite at odds from how we are told they are supposed to be. He said: “Things that you should have: for example, presumption of innocence – nonsense, it doesn’t exist. None of these rights exist in reality.” He claims that lines of evidence undermining the allegations against him were not investigated. Further, he encountered professionals in the criminal justice system who he says were incompetent and even “malicious” and “criminal”.
To add further insult, he was later told that he was not considered exonerated because he did not provide evidence proving his innocence (he failed the “innocence test”). As a result, the General Teaching Council for Scotland did not reinstate him and he was unable to return to his teaching career which he had found enormously fulfilling.
Like others I have spoken to, Boyle, now in his 60s, hasn’t been able to work since his release:
There was so much involved, and fighting with the Teaching Council – you know, it was full time. It really was full time when you’re dealing with these agencies … I do plenty [at Mojo] – I’ve spoken at a number of events … But I had to continue fighting my own fight.
Martin: total lack of victim support
Miscarriages of justice have a huge effect on a person’s mental health. But my research found the impact begins long before a conviction – with effects such as anxiety, trauma and depression resulting from the wrongful allegation.
Martin (not his real name) detailed the difficulties he experienced from his initial wrongful allegation of rape – including isolation, lack of advice, and a lack of appropriate mental health support. He said:
I kept [the rape allegations] to myself and it was horrific, because I didn’t know what was going to happen … Once I was charged … I went to my GP because I was severely depressed. I could barely function. [Counselling] was actually making things worse rather than better … I had looked online … There’s victim support and there’s witness support, but if you’ve been accused there is absolutely nothing.
It took over three years from the initial allegation to court proceedings, during which time two other allegations of rape and indecent assault were made and charges were brought. Martin kept the allegations from his employers and friends:
You don’t mention it because if you mention it, you’re opening the box and then that becomes a big thing – and God help how you’re going to feel at the end of that conversation.
Convicted of rape and indecent assault (the second and third charges), he was sentenced to four years in prison, but successfully appealed on the basis that the Moorov doctrine was misapplied.
Moorov is a principle of Scottish law which allows evidence of one crime to corroborate evidence of another. As the charges against him were considered to corroborate one another, having been acquitted of the key (first) charge he should have been acquitted of all. Instead, he spent about a year in prison – yet he considers himself fortunate.
The guy [Andrew Malkinson] that won his appeal the other day spent 17 years in prison. I only spent one. And although I shouldn’t have spent any, it could have been a hell of a lot worse. There are a lot of people that haven’t been able to clear their names, there are a lot of people that have spent a long time in prison. I spent one year and managed to clear my name, so I should be thankful for what little happiness I’ve managed to get out of it.
Martin was fortunate in that he’d had a good education and had taken detailed notes during his trial, which assisted his appeal. He also helped other prisoners who were struggling to complete required forms for themselves, and managed to get a job in the prison kitchen.
Since his release, he has pursued a law degree, eager to use his experience for positive change in the justice system. “I think it’s given me a new perspective really … You know what, life’s too short – let’s just get on with it.”
What needs to be done?
People wrongly accused of crimes are in dire need of support from the moment the initial allegation is made, to help them navigate the complex legal processes and challenging psychological effects of being wrongly accused.
Currently there is woefully inadequate mental health support at all stages, from initial allegation to post-release.
Of course, there are many guilty people in prison who protest their innocence – but support should not be denied to those who maintain their innocence.
Reforms are needed to make it easier for an innocent person to appeal their conviction. The CCRC has suffered a decline in funding, from £9.24 million in 2004 to £6 million in 2022. Over this period, the workload has more than doubled while the Ministry of Justice has reduced CCRC commissioners’ terms of employment from full-time salaried positions to one-day-a-week contracts, making the workload unsustainable.
People may also face significant barriers in accessing evidence that would exonerate them such as police files, without which they have little hope of a successful appeal. This was evident in the Malkinson case, where the charity Appeal accessed the police files the CCRC had refused to look at.
The lack of accountability and consequences for those who purposely harm innocent people causes further anger and distress to the wrongfully accused and convicted. Yet those affected rarely even receive an apology. This needs to change.
Finally, there needs to be greater public awareness of wrongful convictions and allegations, their causes and consequences, and an understanding of their devastating and long-term effects. As Hill told me the year before he died:
People think you come out and they give you a few quid … [then you] walk off into the sunset and live happily ever after. If only. I would love to go to bed at night like an ordinary fucking person … without waking up so angry and tense.
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This work was supported by the BA/Leverhulme Trust grant SRG1819190884. Many thanks to Dr Mandy Winterton, co-Investigator on this research, and to the Miscarriages of Justice Organisation (MOJO) for supporting us by facilitating access to clients.
Faye Skelton is affiliated with the Miscarriages of Justice Organisation having joined the Board of Directors in April 2025.
Acquisition Target Specializes in High-Precision Electrical and Mechanical Assembly, Including Printed Circuit Board Manufacturing for Commercial and Industrial Customers Across the U.S.A.
PMGC’s second pending acquisition since April, demonstrates that its M&A strategy is well underway, with additional deals expected this year.
NEWPORT BEACH, Calif., June 09, 2025 (GLOBE NEWSWIRE) — PMGC Holdings Inc. (Nasdaq: ELAB) (the “Company,” “PMGC,” “we,” or “us”), a diversified public holding company, is pleased to announce the signing of a non-binding Letter of Intent (“LOI”) to acquire a U.S.-based, cash-flow positive electronics contract manufacturing company with over 40 years of operational history.
About the Target Company
Established in the 1980s, the Target company (“Target”) is a full-service provider of high-precision electronics manufacturing and assembly services. With core capabilities, including electrical and mechanical assembly, printed circuit card assembly and functional testing, and electronic component testing, the Target serves a range of commercial and industrial clients. It also supports small-batch production and prototyping, offering both consignment and turnkey solutions.
The Target generated approximately $699,000 in revenue and $173,000 in adjusted EBITDA in 2024.
Strategic Rationale
This acquisition aligns with PMGC’s approach of acquiring US based, fundamentally strong businesses with durable cash flow and growth potential. PMGC Management believes the Target stands out for its longstanding customer relationships and strong control over its operations and manufacturing abilities.
“We are thrilled to partner with a business that embodies the precision and reliability that we believe defines American manufacturing,” said Graydon Bensler, Chief Executive Officer of PMGC Holdings Inc. “This company has built a legacy of excellence, and we believe there is a compelling opportunity to scale operations and enhance customer acquisition through strategic support and platform integration.”
Industry Tailwinds
This acquisition comes at a time of renewed national focus on revitalizing domestic manufacturing. With ongoing support from federal initiatives such as the CHIPS and Science Act, the reshoring of electronics supply chains continues to gain momentum. The U.S. electronics manufacturing services (EMS) sector is positioned for growth as industries prioritize secure, localized, and high-quality production partners. PMGC believes this transaction places the company at the intersection of that movement, offering exposure to a high-integrity operator deeply embedded in that ecosystem.
The closing of this acquisition is subject to customary conditions, including completion of due diligence, certain corporate approvals, and execution and delivery of definitive documentation. We cannot assure that closing of the acquisition will occur.
About PMGC Holdings Inc.
PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. Currently, our portfolio consists of three wholly owned subsidiaries: Northstrive Biosciences Inc., PMGC Research Inc., and PMGC Capital LLC. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.
Forward-Looking Statements
Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as “believes,” “expects,” “plans,” “potential,” “would” and “future” or similar expressions such as “look forward” are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC Holdings’ filings with the United States Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
NEW YORK, June 09, 2025 (GLOBE NEWSWIRE) — Aether Holdings, Inc.(Nasdaq: ATHR) (“we,” “us,” “our,” “Aether,” or the “Company”), an emerging financial technology platform company that offers proprietary research analytics, today announced the appointment of digital media and data operations leaders Eva Hodgens and Luke Hodgens as Managing Director of Marketing and Director of Publications, respectively.
Eva and Luke are the founders of Makaira Media, an industry-recognized performance marketing firm specializing in digital media, audience growth, and first-party data strategies. Eva and Luke have been working with Aether, mostly recently on the launch of Aether’s Alpha Edge MediaTM, a platform to acquire or create and disseminate financial newsletters that provide artificial intelligence (AI)-driven insights into market sentiment through a variety of tools, reports, and strategies.
The expansion of Eva and Luke’s roles to directly represent Aether validates and accelerates Aether’s drive to collapse the gap between financial media, predictive market analytics, and fintech platform infrastructure, turning what were once separate industries into a single, learning machine aiming to deliver impactful information to investors. Eva and Luke will continue to perform their expanded services through Makaira Media, dedicating a significant portion of their time to the growth of Alpha Edge Media.
At the center of this strategy is Aether’s emerging, AI-driven financial markets data ecosystem, where content informs computation, market sentiment becomes signal, and information infrastructure learns in real-time. Aether is positioning itself to lead a new category – one where financial market intelligence is created, distributed, and refined entirely under one roof.
“We’re not here to optimize broken fintech information systems — we’re building the architecture that replaces them,” said Nicolas Lin, CEO of Aether. “For decades, media, data, and financial tools have operated separately in silos. At Aether, we’re seeking to fuse these silos into a single, intelligent platform where every piece – content, investor and market behavior, infrastructure – feeds the next. That integration is more efficient and transformative and creates the prospect of feedback loops that get smarter with scale. This is how we will win the next era of market infrastructure to empower investors and other market participants.”
“It’s been exciting working with Aether on their growth initiatives so far. Representing them in our new roles and giving them even more of our dedication demonstrates our passion for what Aether is seeking to build,” said Eva Hodgens, Aether’s new Managing Director of Marketing. “Aether’s model is about control of financial markets data, distribution of that data, and customizing AI-powered content for Aether’s customers. We’re building a marketing engine where every part of the data ecosystem is measurable, defensible and capable of scale without dependency.”
Aether’s evolving strategy centers around three connected pillars:
Media and Data (Alpha Edge Media): Aether’s owned content arm is building a portfolio of digital financial newsletters designed to allow technical and algorithmic traders to identify and interpret market data and gain actionable results – known in the industry as “signal”. Aether’s publications, including upcoming titles focused on macro trend analysis and AI-scored stock discovery, are built for data capture, model feedback, and direct monetization through owned distribution.
Investor Tools (Aether Grid): Aether’s flagship analytics platform SentimenTrader decodes market sentiment, analyzing crowd behavior, positioning shifts, and emotional extremes. It’s designed to act as a scanner and as a predictive engine that surfaces actionable insights before traditional models react.
Technology (Aether Labs): Aether’s technology aims to power both media and analytics, digesting user behavior, content engagement, and market data to personalize delivery, refine signals, and scale feedback loops across the platform.
Following its successful initial public offering in April, Aether is actively evaluating acquisitions across financial media, proprietary tools, and technology infrastructure, ranging from content networks and newsletters to analytics platforms and data intellectual property, as it seeks to strategically expands its ecosystem. The goal of these additions will be to deepen Aether’s technology stack, expand distribution channels, and accelerate the evolution of its product offerings for customers.
About Aether Holdings, Inc.
Aether Holdings, Inc. (Nasdaq: ATHR) is an emerging financial technology holding company focused on transforming the way investors navigate the capital markets. Leveraging decades of market expertise and cutting-edge technology, Aether delivers proprietary tools, data, and research to empower traders with actionable insights and enhanced decision-making capabilities.
Aether’s flagship platform, SentimenTrader.com, is designed to serve both retail and institutional investors by offering advanced sentiment analysis through the use of machine learning and artificial intelligence capabilities. With over 20 years of sentiment data integrated into its systems, Aether aims to provide its users with a powerful combination of technology and expertise, enabling them to make informed decisions to level up their trading in the markets.
Aether is committed to building an ecosystem that supports smarter, data-driven trading strategies, reinforcing its mission to empower the investing community and redefine excellence in fintech. By integrating actionable content with advanced technologies, including artificial intelligence tools with the critical thinking and analytical abilities of its team of evidence-based trading veterans, Aether aims to provide its users with a powerful combination of technology and expertise, enabling them to make informed decisions to level up their trading in the markets.
This news release and statements of Aether’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “seeks,” “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would,” “goal” or “may” and other words of similar meaning. In this press release, forward-looking statements relate to the anticipated benefits to Aether of the new team members joining Aether as described herein as well as statements about Aether’s plans and strategies. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For Aether, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to Aether’s ability to adequately market its products and services, and to develop or acquire additional products and product offerings; (ii) risks related to intense competition in the fintech and financial newsletter sector; (iii) risk related to artificial intelligence and machine learning; (iv) the inability of Aether to maintain and protect its reputation for trustworthiness and independence; (v) the inability of Aether to attract new users and subscribers and convert free users to paying subscribers; (vi) similar risks and uncertainties associated with operating a relatively small business a rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and Aether therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://investor.helloaether.com/#sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.
Aether Holdings, Inc. Contact Nicolas Lin, CEO (347) 363-0886 ir@helloaether.com
LAS VEGAS, June 09, 2025 (GLOBE NEWSWIRE) — BitMine Immersion Technologies, Inc. (“BitMine” and the “Company”) (NYSE American: BMNR), a technology company focused on the accumulation of Bitcoin for long-term investment, whether acquired by their Bitcoin mining operations or from the proceeds of capital raising transactions, today announced that it has made a purchase of 100 Bitcoin for its Bitcoin Treasury business line. The Bitcoin were purchased from funds from BitMine’s recent offering of shares of common stock, which closed on Friday, June 6, 2025.
Jonathan Bates, BitMine CEO, stated, “We are excited to make our first open market purchase of Bitcoin, and expect to make more Bitcoin purchases moving forward.”
About BitMine
BitMine is a Bitcoin Network Company with a focus on the accumulation of Bitcoin for long-term investment, whether acquired by our Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine’s operations are located in low-cost energy regions in Trinidad; Pecos, Texas; and Silverton, Texas.
Forward Looking Statements
This press release contains statements that constitute “forward-looking statements.” The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding the expected use of proceeds of BitMine’s recent securities offering, the potential benefits of the expected uses of those proceeds, and future business plans. In evaluating these forward-looking statements, you should consider various factors, including BitMine’s ability to keep pace with new technology and changing market needs; BitMine’s ability to finance its current business and proposed future business; the competitive environment of BitMine’s business; and the price and availability of Bitcoin for potential future purchases. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond BitMine’s control, including those set forth in the Risk Factors section of BitMine’s Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on April 3, 2025, as well as any other SEC filings, as amended or updated from time to time. Copies of BitMine’s filings with the SEC are available on the SEC’s website at www.sec.gov. BitMine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
New York, June 09, 2025 (GLOBE NEWSWIRE) — GraniteShares, a leading innovator in exchange-traded funds (ETFs), is pleased to announce that its YieldBOOST ETF family will update to a weekly distribution schedule. Designed with the goal of providing investors with enhanced income opportunities, the YieldBOOST suite of ETFs employs an options strategy to generate yield while offering exposure to major equities.
The following table outlines the new distribution schedule for each YieldBOOST ETF:
Ticker
Fund Name
Previous Distribution Schedule
New Distribution Schedule
TSYY
GraniteShares YieldBOOST TSLA ETF
Monthly
Weekly
TQQY
GraniteShares YieldBOOST QQQ ETF
Monthly
Weekly
YSPY
GraniteShares YieldBOOST SPY ETF
Monthly
Weekly
XBTY
GraniteShares YieldBOOST Bitcoin ETF
Monthly
Weekly
NVVY
GraniteShares YieldBOOST NVDA ETF
Monthly
Weekly
Distributions are determined based on the underlying strategy of each ETF and may vary over time. Investors are encouraged to review fund details and consult with financial professionals regarding their investment choices. Distributions are not guaranteed.
GraniteShares remains committed to delivering innovative investment solutions that aim to empower investors to optimize income generation and portfolio diversification (diversification does not limit risk). For additional details regarding the YieldBOOST ETFs, including performance, holdings, and strategy, please visit www.graniteshares.com.
About GraniteShares:
GraniteShares is a global investment firm dedicated to creating and managing ETFs. Headquartered in New York City, GraniteShares offers a diverse range of investment solutions across U.S., U.K., German, French, and Italian stock exchanges. With a focus on high-conviction investing, the firm is a market leader in leveraged single-stock ETFs and other alternative investment products. As of May 2025, GraniteShares manages $8.5 billion in assets.
Media Contact: GraniteShares Inc. Attn: Media Relations 222 Broadway, 21st Floor New York, NY 10038 844-476-8747 info@graniteshares.com
The ex-date (or ex-dividend date) for an ETF is the critical trading day on which investors who purchase shares will no longer be entitled to receive the forthcoming dividend distribution, marking the cutoff point that determines dividend eligibility for shareholders.
The record date for an ETF is the specific day, typically one business day after the ex-dividend date, when the fund company takes a snapshot of its shareholder registry to determine which investors are officially entitled to receive the upcoming dividend distribution.
The payable date for an ETF is the specific calendar day when the fund administrator actually distributes the declared dividend payments to all eligible shareholders who owned shares on the record date, completing the dividend distribution process.
Distribution per share for an ETF is the precise monetary amount paid out to investors for each share they own, representing income from dividends, interest, capital gains, or return of capital collected by the fund and subsequently distributed to shareholders according to their ownership stake.
The distribution rate for an ETF is a critical performance metric that expresses the annualized percentage return derived from all distributions (including dividends, interest, and capital gains) paid to shareholders over a specified period relative to the fund’s current market price, providing investors with a standardized measure to evaluate income-generating potential across different investment vehicles.
Disclaimer:
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. Returns for the fund would have been lower if the management fee had not been waived. NAV prices are used to calculate market price performance prior to the date when the Fund first traded on the NASDAQ. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. For the fund’s most recent month end performance, please call 1(844) 476-8747, or visit graniteshares.com.
This material must be preceded or accompanied by a Prospectus. Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. Please read the prospectus before investing.
Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur costs that detract significantly from investment returns.
An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region, which can result in increased volatility. The use of derivatives such as option contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Additional risks include Risk of the Underlying ETF, Derivatives Risk, Affiliate Fund Risk, Counterparty Risk, Price Participation Risk, Distribution Risk, NAV Erosion Risk, Put Writing Strategy Risk, and Option Market Liquidity Risk. These and other risks can be found in the prospectus.
This information is not an offer to sell or a solicitation of an offer to buy shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.
The ETF Funds are distributed by ALPS Distributors, Inc. GraniteShares is not affiliated with ALPS. ALPS Distributors, Inc, provides marketing services to the Exchange-Traded Grantor Trusts. The Sponsor of the Trust is GraniteShares LLC.
NEW YORK, June 09, 2025 (GLOBE NEWSWIRE) — Mizuho Americas today announced it won 2025 Global Markets Choice Awards for Best in CLOs (Collateralized Loan Obligations) and Best in Equity Research.
Launched in 2022, Mizuho Americas’ CLO team has rapidly emerged as a leading force in the CLO market. In just two years, the team recently achieved a top five ranking in broadly syndicated CLO new issue by volume and stands as a leading foreign bank in the space. The platform successfully arranged 37 deals in 2024 and another 24 in 2025 year-to-date, earning recognition from both CLO managers and investors for its consistently strong execution. Mizuho’s unique connection with clients in Japan – one of the most prominent investor regions for CLO AAA – has further distinguished the team, making this award a testament to our growing impact and innovation in the market.
“This recognition reflects the outstanding efforts of our team, whose dedication and expertise have been central to our momentum in the CLO market,” said Tom Hartnett, Head of Fixed Income Division. “Our commitment to the strategy, combined with deep connectivity between the Americas and Japan continues to set us apart and deliver exceptional value to clients across both regions.”
In addition, Mizuho Americas Equity Research was honored for advancements in its equity research. Their research expansion has been critical to the success of Mizuho’s Equity and Banking franchises.
“Winning the Markets Choice award for Best in Equity Research underscores our US and Japanese alpha-generating ideas and differentiated research for our investor and corporate clients,” said Darlene Pasquill, Head of Equity Division, Mizuho Americas. “We are grateful for the advancements Bill Featherson has made elevating our US Equity Research product this past year since joining Mizuho following his tenure leading Credit Suisse’s Equity Research team.”
The award ceremony was held last night at the Central Park Boathouse in New York City.
About Mizuho
Mizuho Financial Group, Inc. is one of the largest financial institutions in the world as measured by total assets of ~$2 trillion, according to S&P Global 2024. Mizuho’s 65,000 employees worldwide offer comprehensive financial services to clients in 36 countries and 850 offices throughout the Americas, EMEA, and Asia.
Mizuho Americas is a leading Corporate and Investment Bank (CIB) that provides a full spectrum of client-driven solutions across strategic advisory, capital markets, corporate banking, and fixed income and equities sales & trading to corporate, government, and institutional clients in the US, Canada, and Latin America. Through its acquisition of Greenhill, Mizuho enhanced its M&A, restructuring, and private capital advisory capabilities across the Americas, Europe, and Asia. Mizuho Americas employs approximately 4,000 professionals. For more information visit www.mizuhoamericas.com.Mizuho Financial Group, Inc. is the 15th largest bank in the world as measured by total assets of ~$2 trillion, according to S&P Global 2022. Mizuho’s 60,000 employees worldwide offer comprehensive financial services to clients in 36 countries and 800 offices throughout the Americas, EMEA, and Asia.
For inquiries, please contact:
Jim Gorman Executive Director, Media Relations, Mizuho Americas +1-212-282-3867 jim.gorman@mizuhogroup.com
Source: United Kingdom – Executive Government & Departments
Press release
Insolvency Service appoints first dedicated crypto specialist to help recover online assets such as Bitcoin
New crypto specialist will help the agency trace rising number of digital assets held by individuals in bankruptcy and criminal cases
Number of insolvencies where crypto is identified as an asset has increased 420% in five years
More than £500,000 in cryptoassets identified in insolvency cases last year – 364 times higher than in 2019/20
New role will help the agency recover more money owed to creditors in insolvency cases
The Insolvency Service has appointed its first dedicated crypto intelligence specialist to help recover more money for the UK economy from bankruptcy cases.
Former police investigator Andrew Small will help track digital assets in criminal cases and provide the agency with detailed knowledge of the crypto market.
The Insolvency Service is responsible for tracing and recovering money and assets belonging to bankrupt individuals or liquidated companies in insolvency proceedings.
In the past five years, the number of insolvency cases involving crypto as a recoverable asset has risen by 420%, with 59 cases in 2024/25 compared to 14 in 2019/20.
At the same time, the estimated value of cryptoassets identified in insolvency cases has risen by 364 times – from just over £1,400 in 2019/20 to more than £520,000 in 2024/25.
Andrew said:
There has been a rapid rise in crypto ownership in the UK, and alongside that, we’ve seen a similar rise in cryptoasset ownership in bankruptcy cases.
The Insolvency Service has a duty to trace and recover money and assets from individuals or companies in insolvency cases, and we work to return as much money owed to creditors as possible.
Crypto is very much a recoverable asset, and my role will help the agency by providing specialist knowledge about the types of cryptoassets available and the associated technology used to buy, sell and store them.
Cryptoassets have soared in popularity in recent years, with 2024 research by the Financial Conduct Authority finding seven million adults in the UK – 12% of the population – held some form of crypto, up from 3.2m adults (4.4% of the population) in 2021.
This includes ‘cryptocurrency’ coins such as Bitcoin, Litecoin, DOGE and Ethereum, as well as online tokens and NFTs – non-fungible tokens – which offer digital ownership of online artworks.
The Official Receiver Service, a key part of the Insolvency Service, identified £523,580 of cryptoassets across 59 insolvency cases in 2024/25, compared to just £1,436 of crypto across 14 cases in 2019/20.
The new cryptoasset intelligence role is based within the Insolvency Service’s Investigation and Enforcement Services team, meaning Andrew will primarily focus on cryptoasset ownership in criminal cases.
Neil Freebury, head of intelligence at the Insolvency Service, said:
Crypto is growing in popularity, and we’ve seen the number of insolvency cases involving cryptoasset ownership rise four-fold in the past five years.
Andrew brings a wealth of knowledge to this role, along with his previous experience as an economic crime investigator within the police, and his appointment will help our investigators dealing with cases where cryptoasset ownership is a factor.
Official Receivers are appointed by the court following bankruptcy or liquidation proceedings. They have a legal duty to trace and recover assets involved in such cases to return as much money as possible to creditors.
The latest FCA research on cryptoassets in the UK can be found on the FCA website.
LEEDS, United Kingdom, June 09, 2025 (GLOBE NEWSWIRE) — The XRP Ledger is experiencing a surge of renewed momentum as Nimanode the first AI agent platform with a no-code builder on XRPL advances through its high-demand $NMA Token Presale raising over 11% of its soft cap target and the excitement just intensified.
FOMO is already building up as the Nimanode Presale momentum indicates strong confidence from early investors citing a belief in the project.
Demand for the NMA token has also surged as tokens are set to be listed at an upward 25% price from presale prices at top XRPL exchanges like Magnetic, instant returns for early investors.
How to Join in the Nimanode Presale
Joining in the NimaNode Presale is quite straightforward
Purchase XRP: Acquire XRP from reputable exchanges like Binance, Coinbase, or Bybit.
Setup an XRP-Compatible Wallet: Send your XRP to an XRP compatible Wallet (e.g. Xaman).
Participate in the Presale: Visit the NimaNode presale page (https://nimanode.com/presale), send your XRP to the provided presale address, and secure your $NMA tokens.
There is a Limited Time Period of 30 Days for the Presale and it’s pricing is going at 1 XRP = 450 $NMA
As Nimanode Presale gains momentum, now is a perfect opportunity to position at the next wave of Blockchain innovation poised for massive gains through the integration of Web3 and AI.
Why Investors are Scooping Up $NMA
From the desk of the development team at Nimanode, they are set to deliver an Agentic workforce handling various tasks autonomously. Features of these Ecosystem include but not limited to
Zero-Code Agent Builder: Create and launch AI agents through an intuitive drag-and-drop interface Autonomous On-Chain Agents: Agents can interact with dApps, execute logic, and respond to events Decentralized Agent Marketplace: Allows the community to deploy and monetize AI Agents Cross-Chain & Off-Chain Integration: Enable automation across multiple networks and external APIs
$NMA – Fueling the Nimanode Ecosystem
With 90 million $NMA tokens representing 45% of the total supply allocated for the presale, early birds have a rare opportunity to seize the advantage and invest in $NMA before its DEX Listing at 25% higher value mainly because of it various utilities in their ecosystem which include:
Agent Deployment – Launching agents when holding a minimum $NMA balance
Agent Upgrades – Skilled developers can hold $NMA to build custom agents and upgrades to them
Agent Marketplace – Use $NMA to access premium agents or receive exclusive discounts
Staking Benefits – Stake $NMA to earn passive income through the platform’s reward pool
Governance Access – Participate in protocol decisions and vote on proposals that shape Nimanode’s future
Nimanode is a decentralized AI agent platform built on the XRP Ledger, offering no-code and developer tools to deploy on-chain AI agents that automate blockchain activity, optimize protocol interaction, and monetize intelligent services. By bridging AI with decentralized infrastructure, Nimanode is building the next evolution of digital work and Web3 automation.
Disclaimer: This is a paid post and is provided by Nimanode. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.
Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
TALLINN, Estonia, June 09, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris (BTC-S), a next-generation blockchain project, has officially entered Phase 7 of its presale, offering early participants a strategic entry point ahead of its upcoming exchange launch. With tokens currently priced at $7 and a forecasted listing price of $20, BTC-S presents a 233% ROI potential for early supporters — based on current market benchmarks and demand from its live mining ecosystem.
A Structural Replay of Bitcoin’s Earliest Advantages
Bitcoin Solaris isn’t riding a wave of speculative hype. Its model is engineered around fundamentals that made Bitcoin successful in the first place — a fixed 21 million token supply, scarcity-based mechanics, and a functioning distribution model tied to user contribution rather than capital lockups.
At its core, the protocol combines a Proof-of-Stake and Proof-of-Capacity base layer with a high-performance Solaris Layer that processes over 10,000 transactions per second. Finality occurs in under two seconds, and energy consumption is reduced by over 99.95% compared to traditional mining systems.
Price Forecasts Rooted in Function
Phase 7 of the presale is now live, with BTC-S priced at $7 per token. Exchange launch benchmarks target $20, translating to an immediate 233% ROI for early backers — assuming no speculative appreciation beyond the forecasted listing value.
This figure isn’t abstract. It’s grounded in market benchmarking, liquidity provisioning frameworks, and rising demand from the Bitcoin Solaris mining ecosystem, which has already completed closed beta testing with strong reported returns.
Analyst Attention and Audit-Backed Trust
As President Trump’s crypto-positive policies fuel renewed attention toward blockchain technologies, Bitcoin Solaris is emerging as a key beneficiary — not because of political noise, but because its structure and transparency offer actual utility.
The project has passed a full Cyberscope audit of its smart contract systems, as well as a mobile infrastructure audit by Freshcoins. KYC verification has also been completed by a third party , giving retail participants added assurance in a space often lacking transparency.
Analyst Ben Crypto recently released a market breakdown on YouTube, calling Bitcoin Solaris the closest thing we’ve seen to early Bitcoin conditions since 2012. His thesis centers not on nostalgia, but on clear tokenomics: a capped supply, no emissions curve, and a network ready for mainstream use.
Final Thoughts
Crypto markets follow narratives, but they reward mechanics. Bitcoin Solaris isn’t promising future breakthroughs — it’s rolling them out. The tech is live, the presale is active, and the fundamentals are visible to anyone willing to look beyond the headlines.
With President Trump signaling favorable conditions for crypto adoption, and BTC-S offering a direct path to early-stage ownership with built-in mining incentives, this moment marks a real chance at structural participation.
Disclaimer:This is a paid post and is provided byBitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented.We do not guarantee any claims, statements, or promises made in this article.This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital.It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.
Legal Disclaimer:This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied.We assume no responsibility for any inaccuracies, errors, or omissions.We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
Photos accompanying this announcement are available at
As Prime Minister Narendra Modi completes 11 years in office, one of his government’s flagship health initiatives — the Pradhan Mantri Surakshit Matritva Abhiyan (PMSMA) — has completed nine impactful years, delivering significant gains in maternal healthcare across the country. Launched in June 2016, the programme continues to demonstrate its role in transforming India’s approach to antenatal care (ANC) and in reducing maternal and neonatal mortality.
PMSMA, spearheaded by the Ministry of Health and Family Welfare, provides free, assured, and quality antenatal care to pregnant women on the 9th of every month, with special emphasis on those in their second and third trimesters. Since its inception, over 6.19 crore pregnant women have been examined under the scheme, many of them from rural and underserved areas. The programme focuses on early detection and management of high-risk pregnancies (HRPs) to ensure safe outcomes for both mother and child.
One of the most impactful results of PMSMA has been its contribution to reducing India’s Maternal Mortality Ratio (MMR). The MMR has dropped significantly from 130 per 1 lakh live births in 2014–16 to 80 in 2021–23, reflecting a 50-point decline. Health officials attribute this success to a combination of systematic antenatal services, community engagement, and increased health awareness.
The programme also draws strength from active private sector participation. As of now, more than 6,800 private doctors have registered as volunteers and are contributing their expertise across 20,752 healthcare facilities that offer PMSMA services nationwide.
In January 2022, the government launched the Extended PMSMA (E-PMSMA) initiative, further strengthening the original programme. E-PMSMA focuses on continuous monitoring and tracking of HRPs until safe delivery. It also offers financial incentives to both pregnant women and Accredited Social Health Activists (ASHAs) for completing three additional ANC visits beyond the standard PMSMA check-ups. As of December 2024, the programme had identified over 78.27 lakh HRPs across all states and union territories.
E-PMSMA has incorporated a strong digital component, including name-based tracking of HRPs and follow-up through automated SMS alerts to both beneficiaries and ASHAs. Each high-risk pregnancy is monitored until at least 45 days postpartum, ensuring comprehensive care.
The PMSMA and its extended version work in alignment with several other maternal and child welfare schemes initiated or strengthened under PM Modi’s leadership. These include the Janani Suraksha Yojana (JSY), which promotes institutional deliveries and has benefited over 11.07 crore women; the Janani Shishu Suraksha Karyakram (JSSK), which ensures free maternity and neonatal services for over 16.60 crore beneficiaries since 2014; and Surakshit Matritva Aashwasan (SUMAN), which guarantees respectful and quality maternity care through 90,015 health facilities nationwide.
Additionally, POSHAN Abhiyaan, targeting nutritional needs of women and children, and the Pradhan Mantri Matru Vandana Yojana (PMMVY), which offers direct cash support of ₹5,000 to pregnant and lactating women, have strengthened the foundation laid by PMSMA in improving maternal and child health outcomes.
As the nation reflects on a decade of policy-led transformation in healthcare, the PMSMA stands out as a symbol of sustained commitment to women’s health. With continued focus on digital tracking, community outreach, and public-private collaboration, the programme has brought India closer to achieving Sustainable Development Goals (SDGs) related to maternal health.
Source: United Kingdom – Executive Government & Departments
Press release
Top talent backed with master’s funding as Britain’s tech experts called into government
The Spärck AI scholarships will provide full funding for master’s degrees at nine leading UK universities specialising in AI and STEM subjects
Exceptional students to receive fully funded AI master’s degrees at Britain’s top 9 universities, with industry partnerships offering direct routes into UK’s tech sector.
New fellowship programme launched for exceptional talent to cement Britain’s reputation a global AI leader.
Programmes form key part of the Plan for Change to kickstart economic growth through innovation and deliver highly skilled jobs across the country.
Young people with exceptional talent in AI will receive unprecedented support to study at Britain’s top universities through a new prestigious scholarship programme announced by the Technology Secretary today (Monday 9 June).
The Spärck AI scholarships, named after pioneering British computer scientist Karen Spärck Jones, will provide full funding for master’s degrees at nine leading UK universities specialising in artificial intelligence and STEM subjects – from Edinburgh to Manchester, and Newcastle to Bristol.
Set to rival the likes of globally recognised Rhodes, Marshall and Fulbright scholarships, at least 100 talented undergraduates level students from the UK and abroad will see unparalleled access to industry partnerships, work placements and mentorship opportunities, including in the UK’s AI Security Institute as well as leading tech firms like Darktrace, Faculty and Quantexa.
This will not only drive forward AI innovation that grows the UK economy but also gives young people a direct route into highly skilled jobs in the UK’s tech sector – furthering our Plan for Change.
By covering both tuition and living expenses, the scholarship could also be of interest to talent students from low-income backgrounds who might otherwise be unable to afford university – spreading opportunity across the UK.
Technology Secretary Peter Kyle said:
“We are providing unique opportunities for talented young people to take up master’s degrees in AI, with fully funded tuition and unparalleled access to industry.
“Students will be able to go on to highly skilled jobs, building a workforce fit for the future and boosting economic growth as part of our Plan for Change.
“We are also expanding our fellowship programme to bring top talent into our leading AI sector and drive forward transformational benefits to the public like new drug discoveries.”
The government has also announced an expansion of its Turing AI Fellowships with new Pioneer fellowships, providing established professionals from any part of academia, humanities, research, or industry with resources to develop AI skills and knowledge to tackle a specific challenge in their fields. Fellows will receive funding, priority access to the AI Research Resource for compute power, and be connected with AI mentors, experts, and industry leaders.
This comes as millions of people are set to be upskilled with digital and AI skills in a bold national skills drive announced by the Prime Minister at London Tech Week.
The new Spärck AI scholarships and expanded Turing Pioneer Fellowship delivers on recommendations of the AI Opportunities Action Plan and helps grow our leading AI sector – a priority industry for our upcoming Digital and Tech Sector Plan under the Industrial Strategy.
Notes to editors:
Spärck AI scholarships: Applications will open in Spring 2026, with the first cohort beginning their studies in October 2026. This is backed by £17.2 million in government funding and delivers on a recommendation of the AI Opportunities Action Plan.
Universities participating in the Spärck AI scholarship programme include Oxford, Cambridge, Imperial College London, UCL, Southampton, Edinburgh, Newcastle, Manchester and Bristol, who will co-design and co-fund the initiative.
Companies signed up to participate in the scholarship programme include PolyAI, Quantexa, CausaLens, Flok, Beamery, Darktrace and Faculty.
Turing Pioneer Fellowships: Applications will open in mid-July this year, with fellows due to be in-post by Autumn 2026. This is backed by £25.2 million in government funding and delivers on a recommendation of AI Opportunities Action Plan.
Quotes in support of Spärck AI scholarships:
Jack Stockdale OBE, Chief Technology Officer at Darktrace:
“Building AI-powered cybersecurity solutions to defend against next generation threats depends on world-class R&D talent, and we are thrilled to partner with DSIT on this transformative programme. The Spärck AI scholarship will be an important gateway for exceptional global minds to join the frontlines of British innovation, and we’re excited to help develop the next generation of Britain’s world-class AI ecosystem.”
Co-founder and CEO of Flok Health Finn Stevenson:
“AI is already generating economic value at unprecedented pace. To put the UK at the forefront of this transformation, its vital that we can attract world’s best talent – not just to study here, but to stay and build future-defining companies of global importance. We’re delighted to be partnering with DSIT on this initiative to do exactly that.”
PolyAI CEO Nikola Mrkšić:
“PolyAI was founded in the dialog systems group at the University of Cambridge. Since then, we’ve drawn on our academic backgrounds to bring cutting-edge technology out of the lab and into the real world. I am delighted to join the Spärck AI scholarship programme and work with the next generation of AI pioneers who will help create AI applications that drive real value for real people.”
Faculty CEO Mark Warner:
“AI is an epoch-defining technology – yet the UK won’t reap its benefits without having the skills to build and deploy it.
“Technical training, education and work placements open the door to highly skilled, well-paid jobs.
“Faculty has a decade of experience developing exceptional AI practitioners, and we are delighted to partner with DSIT to further strengthen the UK’s AI talent pipeline.”
Darko Matovski, Co-founder & CEO of causaLens
“causaLens is thrilled to collaborate with DSIT on the Spärck AI Scholarships program. We’re proud to champion this vital initiative, which empowers the UK’s brightest AI talent with world-class opportunities at leading AI companies like causaLens, ensuring our nation remains a global leader in the AI race.”
Beamery CEO Sultan Saidov, CEO
“Beamery is very proud to support this AI scholarship initiative. The Spärck AI programme is deeply aligned with our mission of creating equal access to work, and to our belief that connecting talent to opportunity — especially in such a pivotal field — is how we build a more innovative, inclusive future. By supporting emerging AI talent, we’re investing in the skills that will shape tomorrow’s breakthroughs.”
Edinburgh University Vice Chancellor Professor Sir Peter Mathieson:
“As one of the UK’s original and consistently leading AI universities, we are pleased to be part of the proposed Spärck Scholarships Scheme. We look forward to working with the UK Government on the precise details and we fully support the potential of the UK to become an AI superpower.”
Southampton University Vice-President (Research & Enterprise) Mark Spearing:
“The University of Southampton is excited to be a founding partner in the Spärck AI Scholarship programme. We view this as a nationally significant opportunity to attract talented students to the UK to take advantage of our world leading expertise and education in artificial intelligence”.
Bristol University Vice Chancellor Evelyn Welch:
“As AI University of the Year and the proud host of the UK’s most powerful supercomputer, Isambard-AI, the University of Bristol is thrilled to support this prestigious new scholarship as an anchor partner.
“We relish the opportunity to shape the next generation of global AI pioneers – collaborating with our partners to explore bold new ideas, nurture exceptional talent, and advance the future of this transformative technology together.”
Professor Deborah Prentice, University of Cambridge Vice-Chancellor:
“Cambridge combines academic excellence with a dynamic, interdisciplinary AI community, from foundational research to real-world impact. We are delighted to be a founding partner in this ambitious initiative, which reflects a shared commitment to attracting exceptional talent and reinforcing the UK’s position as a home for world-class AI. We are especially proud that these scholarships are named after Karen Spärck Jones, a brilliant Cambridge computer scientist.”
Imperial College London Vice Provost for Research and Enterprise Mary Ryan:
As one of the world’s most international universities, where diverse minds and disciplines are leveraging AI for science and innovation, Imperial is delighted to be an anchor partner in the prestigious new Spärck AI Scholarships. Our global science and technology hubs in Bengaluru, San Francisco, Accra, and Singapore will be well-placed to support outreach efforts to help attract the best and brightest students to the UK, irrespective of their background. Together, we are building a network of future AI leaders who will shape the world through responsible innovation and convergence science.
Professor Duncan Ivison, Manchester University President and Vice-Chancellor:
“The University of Manchester welcomes this important scheme to attract and retain leading talent to the UK and AI sector. We look forward to providing Spärck Scholars with the opportunity to excel within our internationally leading environment for AI related learning, research and innovation, and supporting them to flourish as future leaders in this critical technology area”
Professor Geraint Rees, UCL Vice-Provost:
“London Tech Week 2025 is a vital forum for shaping the trajectory of global technology, which depends on highly talented people as much as the technology itself. It is critically important that the UK can continue to attract the brightest and best future academics, entrepreneurs and business leaders in AI to study and work here. UCL is proud to be working with DSIT and other leading universities to make this a reality through a bold new AI Scholarships programme.”
TEL AVIV, Israel, June 09, 2025 (GLOBE NEWSWIRE) — Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) (“Alarum” or the “Company”), a global provider of web data collection solutions, today announced an update to its revenue and Adjusted EBITDA outlook for the second quarter ending June 30, 2025, driven by enhanced momentum and demand from several existing customers since the previous guidance date, which has led to a significant increase in usage – resulting in higher-than-anticipated consumption of Alarum’s data collection products and services.
The Company now estimates to report second quarter 2025 revenue of approximately $8.8 million ±3%, compared to its previous estimate of $7.9 million ±3%. In addition, the Company now expects to report adjusted EBITDA ranging from $1.0 million to $1.5 million, compared to $0.5 million to $0.8 million. As previously highlighted, the market in which the Company operates is still taking shape and at this point continues to be highly dynamic and unpredictable. Volatility may remain high, and the Company is planning accordingly.
The Company is unable to present a reconciliation of its estimated adjusted EBITDA to net profit as it is unable to predict with reasonable certainty, and without unreasonable effort, the impact and timing of certain expenses on the Company’s net profit. The financial impact of these expenses is uncertain and is dependent on various factors, including timing, and could be material to the Company’s consolidated statements of profit or loss and other comprehensive income (loss).
This update is provided in accordance with the Company’s internal policy of issuing an update as its current quarterly revenue outlook is expected to deviate by at least 10% from the previously announced average of the outlook.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Alarum is using forward-looking statements in this press release when it provides updated estimates regarding second quarter 2025 revenues and Adjusted EBITDA, whether the recent surge in usage will continue in subsequent periods and potential volatility. Because such statements deal with future events and are based on Alarum’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Alarum could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Alarum’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 20, 2025, and in any subsequent filings with the SEC. Except as otherwise required by law, Alarum undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Alarum is not responsible for the contents of third-party websites.
The Company is providing revenue and adjusted EBITDA estimates in this press release, rather than final amounts, primarily because the financial closing process and review are not yet complete and, as a result, the Company’s final results upon completion of its closing process and review may vary from these preliminary estimates.
