Category: 3. Business

  • How Samsung Is Investing in Communities and the Next Generation

    How Samsung Is Investing in Communities and the Next Generation

    As 2025 comes to a close, Samsung Electronics America is reflecting on a year defined by community connection, education and opportunity, guided by the belief that meaningful impact happens when people, technology and purpose come together.

    Throughout the year, Samsung partnered with nonprofit and education organizations across classrooms, museums and community spaces to help students build critical skills, explore career pathways and gain exposure to real-world technology. In 2025 alone, these workforce development and community education initiatives supported approximately 4,400 students across New Jersey, Texas and communities nationwide.

    Together, these efforts reinforce Samsung’s long-standing commitment to empowering the next generation through access, exposure and experiential learning, helping bridge the gap between education and industry.

    Bringing STEM Education to Life

    Education sits at the core of Samsung’s community impact efforts, with a continued focus on advancing STEM learning that is hands-on, inclusive and grounded in real-world problem solving. Through local partnerships and employee-led initiatives, Samsung supports students across communities by expanding access to technology, skills and experiential learning.

    During the company’s 15th annual Day of Service, Samsung employees partnered with Englewood Cliffs Upper School in New Jersey – near Samsung’s newly opened U.S. headquarters – to bring design thinking and innovation into the classroom. Sixth-grade students worked alongside Samsung volunteers on a collaborative challenge focused on addressing local community needs, using AI tools and Samsung devices to develop and present their ideas.

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  • After nearly two decades of international travel with students, a Sitka High School Spanish teacher plans one last trip

    After nearly two decades of international travel with students, a Sitka High School Spanish teacher plans one last trip

    Sitka High School Spanish students on one of many trips to Guatemala (Photo provided)

    International travel takes a lot of work and planning, even for a solo traveler. But for nearly 20 years a Sitka High School Spanish teacher has been taking a growing group of students, sometimes dozens, to Guatemala each spring. While the language immersion program has been a big hit, she says after this year she’s hanging up her hat.

    Nearly 20 years ago, Sitka High School Spanish teacher Ariel Starbuck took her first couple of international trips with students –  first to Costa Rica, then to Spain with a popular tour company and several other school groups. But she said something was missing. 

    “It was a beautiful trip, but it had a lot of components that I thought were missing from travel, like everything was really geared towards high school kids, so not a lot of cultural food, a lot of burgers and fries,” Starbuck said. “I felt like they didn’t really have to speak Spanish. They just spoke English all together.”

    When she got back, her friend Davey Lubin and his family had just returned from a trip to Guatemala, and he was eager to tell her about a man they met, Rigoberto Zamora Charuc, who operates a traveling library in the country. 

    Lubin connected Starbuck with Rigoberto, and the next year she hopped on a plane with around 15 students, and some funds they raised to support his efforts to open a rural school. They had dinner and met his family, then they traveled on the library bus to northern Guatemala.

    “Think of like, a 1985 Detroit school bus,” Starbuck said. “Shelves are lining the sides of the busses, and there are chess tables in the middle, so they’ve taken out a lot of the seats, and it’s just this big bus full of books. Every town you roll into the kids get so excited to see the library bus coming into town, because that’s kind of their only access to books. It’s really limited.”

    The trip was a hit. It became an annual tradition for Starbuck’s Spanish students– one that gave a big boost in their language fluency. 

    “The kids live with families. They go to school for four hours in the morning, eight to noon, with a one-on-one Spanish teacher, which is awesome, and that just meets them wherever they are,” Starbuck said.

    “It’s something I can’t recreate in the classroom, right?” she said. “I can’t give that individualized attention to each student for four hours a day, every day.” 

    Each afternoon, the students meet up and they venture out into the country- visiting bustling markets, women’s weaving cooperatives and coffee plantations. Every year they hike a volcano that’s a touch warmer than Mt. Edgecumbe. 

    “Sometimes they get to the top and they roast marshmallows over the lava. The very first year we went, we were able to poke sticks into the lava,” Starbuck said. “There were melted shoes all over the place.”

    (Photo provided)

    Traveling with teens internationally is not always easy- a lot of work goes into making sure the trips are safe and successful, and even still there have been some hairy moments, like the occasional injury and subsequent trip to the ER. One student choked on a steak at the airport and ended up having emergency surgery abroad. And once, a student mistakenly brought live ammunition in her bag. 

    “Guatemala does not take kindly to that,” she recalled. “And that was a big deal. The military had to come and [we] had to talk them down about letting her go back in the country.” 

    But the trips have generally gone smoothly, with the help of many volunteer chaperones over the years. Starbuck says the work has been worth the payoff. Students walk away from the experience with stronger language literacy, and a renewed appreciation of privileges taken for granted, like free education and access to books. 

    “Travel is amazing, and it really opens your eyes and broadens your perspective, and gives you faith that you didn’t know you had, maybe? It just provides so many things,” Starbuck said. “And I think that’s so cool to think that I can help kids see this bigger perspective, and that they can travel.”

    This spring, Starbuck plans to lead her final trip with students- she’s taught for 21 years and plans to retire at 25. She has two kids in the Sitka School District, both with just a few years left before they leave the nest.

    “I feel like this is going so fast, I don’t want to miss any of their time,” Starbuck said. “So I’m going to make this my last trip, so I can just be part of whatever they’re part of.”

    The final trip to Guatemala is shaping up to be a big one- as of right now more than two-dozen students are planning to go next March. But Starbuck says there are more trips in her future. After she retires, she’s thinking about leading an adult Spanish class in Sitka that culminates in a similar international trip. No chaperones required. 

    (Photo provided)

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  • A decade on from when the Wylfa nulear turbines fell silent on Anglesey

    A decade on from when the Wylfa nulear turbines fell silent on Anglesey

    When the turbines fell silent at Wylfa exactly ten years ago today, Wales lost its last source of nuclear energy.

    But, for Anglesey, the decade since has been characterised by job losses, stagnant investment and an economy still trying to replace one of the island’s largest employers.

    Opened in 1971, it was the second Magnox power station in Wales after Trawsfynydd came online six years earlier, with seawater an ideal coolant due to its location on Anglesey’s northern coast.

    With the same period also marking the opening of Anglesey Aluminium in nearby Holyhead, it was a time of industrial upheaval which brought long-term, skilled employment to a Welsh-speaking island long dominated by agriculture.

    But while the plant remained operational beyond its planned lifespan, by the early 2010s it was among the oldest operating reactors in the world and the decision was made to shut down the last of the two reactors on 30 December 2015.

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  • Applied Digital to Spin Out Cloud Business, Proposes Business Combination with EKSO to Launch ChronoScale :: Applied Digital Corporation (APLD)

    Applied Digital to Spin Out Cloud Business, Proposes Business Combination with EKSO to Launch ChronoScale :: Applied Digital Corporation (APLD)

    Applied Digital to Spin Out Cloud Business, Proposes Business Combination with EKSO to Launch ChronoScale




    Proposed Business Combination with Nasdaq-listed EKSO to Form an Accelerated Focused GPU Platform Purpose Built for Next-Generation AI Workloads

    DALLAS, Dec. 29, 2025 (GLOBE NEWSWIRE) — Applied Digital (NASDAQ: APLD), a designer, builder, and operator of high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking and blockchain workloads, and EKSO Bionics Holdings, Inc. (Nasdaq: EKSO) (“EKSO”) announced today that Applied Digital and EKSO entered into a non-binding term sheet for a proposed business combination of Applied Digital’s cloud computing business, Applied Digital Cloud, with EKSO, which, once closed, will go forward as ChronoScale Corporation, an accelerated compute platform purpose-built to support artificial intelligence (“AI”) workloads (the “Proposed Transaction”). As enterprise and AI-native demand for GPU-accelerated cloud infrastructure continues to grow rapidly, the Proposed Transaction is intended to create a focused platform designed to deliver high-performance compute at scale in a capacity-constrained market.

    By separating the accelerated compute platform from Applied Digital’s data center ownership and development business, the Proposed Transaction will allow each business to scale independently, pursue distinct growth trajectories, and operate with greater strategic and capital flexibility. ChronoScale is being designed for customers who require predictable performance, infrastructure control, and rapid deployment without the tradeoffs of generic cloud environments. The ChronoScale platform is expected to leverage the mature Applied Digital Cloud business to rapidly deploy and scale next-generation GPU-based compute infrastructure optimized for advanced AI training and inference workloads requiring dense, reliable, and efficiently delivered accelerated compute.

    Upon closing of the Proposed Transaction, Applied Digital would own approximately 97% of the combined company, which will operate under the name ChronoScale. The Applied Digital Cloud and EKSO businesses would continue to operate upon consummation of the Proposed Transaction, and EKSO plans to continue to explore strategic transactions for the possible sale of all or substantially all of EKSO’s current business.

    “This Proposed Transaction emanates from our previously announced initiative to evaluate and explore strategic alternatives,” commented Scott Davis, EKSO’s Chief Executive Officer. “We approached our review thoughtfully and with an aim to maximize shareholder value, and we believe the Proposed Transaction has the potential to achieve that goal and that the Proposed Transaction is in the best interest of EKSO’s stakeholders.”

    “ChronoScale is intended to bring together a proven operating platform and a clear mandate: deliver accelerated compute at scale for the most demanding AI workloads,” said Wes Cummins, Chairman and Chief Executive Officer of Applied Digital. “As AI workloads continue to reshape the digital economy and intensify, infrastructure must be purpose-built, not generalized — and ChronoScale’s design is intended to meet these requirements.”

    Applied Digital Cloud was among the first platforms to deploy NVIDIA’s H100 GPUs at scale in 2023, demonstrating its ability to source, integrate, and operate next-generation GPU infrastructure ahead of broader market adoption. The business generated a twelve-month revenue of approximately $75.2 million as of August 31, 2025, reflecting strong, growing demand from enterprise and AI-native customers for dedicated accelerated compute delivered through cloud-based platforms.

    ChronoScale is also expected to benefit from the strategic alignment with Applied Digital’s expanding portfolio of purpose-built AI factory campuses, providing advantaged access to infrastructure that accelerates deployment timelines and aims to reduce execution risks as GPU demand continues to scale.

    The Proposed Transaction is expected to close in the first half of 2026, subject to the completion of customary due diligence, execution of final binding documents, customary regulatory and shareholder approvals, and satisfaction of closing conditions.

    About Applied Digital

    Applied Digital (Nasdaq: APLD) named Best Data Center in the Americas 2025 by Datacloud — designs, builds, and operates high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads. Headquartered in Dallas, TX, and founded in 2021, the company combines hyperscale expertise, proprietary waterless cooling, and rapid deployment capabilities to deliver secure, scalable compute at industry-leading speed and efficiency, while creating economic opportunities in underserved communities through its award-winning Polaris Forge AI Factory model.

    Learn more at applieddigital.com or follow @APLDdigital on X and LinkedIn.

    About ChronoScale

    ChronoScale is being formed to become an accelerated compute platform purpose-built to support the most demanding artificial intelligence workloads. To be formed through the strategic business combination of Applied Digital Cloud and EKSO, ChronoScale is expected to deliver scalable GPU-based infrastructure optimized for AI training, inference, and high-performance computing, leveraging a proven operating foundation designed for performance, reliability, and rapid deployment.

    About Ekso Bionics

    Ekso Bionics (NASDAQ: EKSO) is a leading developer of exoskeleton solutions that amplify human potential by supporting or enhancing strength, endurance, and mobility across medical and industrial applications. Based upon its industry-leading expertise, EKSO focuses on improving health and quality of life with advanced robotics designed to enhance, amplify, and restore human function. EKSO is the only known exoskeleton company to offer technologies that range from helping those with paralysis to stand up and walk, to enhancing human capabilities on job sites across the globe. For more information, visit: www.eksobionics.com.

    Additional Information and Where to Find It

    Depending on the transaction structure, ChronoScale expects to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (as may be amended, the “Registration Statement”), which will include a preliminary proxy statement of EKSO and a prospectus (the “Proxy Statement/Prospectus”) in connection with the Proposed Transaction. Alternatively, EKSO may file a standalone proxy statement. In either case, the definitive proxy statement and other relevant documents will be mailed to shareholders of EKSO as of a record date to be established for voting on the Proposed Transaction and other matters as described in the Proxy Statement/Prospectus. Applied Digital and EKSO will also file other documents regarding the Proposed Transaction with the SEC. This press release does not contain all of the information that should be considered concerning the Proposed Transaction and is not intended to form the basis of any investment decision or any other decision in respect of the Proposed Transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF EKSO AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH EKSO’S SOLICITATION OF PROXIES FOR THE SPECIAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTION AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT APPLIED DIGITAL, EKSO, CHRONOSCALE AND THE PROPOSED TRANSACTION. Investors and security holders will also be able to obtain copies of the Registration Statement and the Proxy Statement/Prospectus and all other documents filed or that will be filed with the SEC by ChronoScale, APPLIED DIGITAL and EKSO, without charge, once available, on the SEC’s website at www.sec.gov.

    NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTION DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE PROPOSED TRANSACTION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS PRESS RELEASE. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

    Participants in the Solicitation

    Applied Digital, EKSO, ChronoScale and their respective directors and executive officers may be deemed under SEC rules to be participants in the solicitation of proxies from EKSO’s shareholders in connection with the Proposed Transaction. A list of the names of such directors and executive officers, and information regarding their interests in the Proposed Transaction and their ownership of EKSO securities are, or will be, contained in EKSO’s and ChronoScale’s filings with the SEC. Additional information regarding the interests of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of EKSO’s shareholders in connection with the Proposed Transaction, including the names and interests of ChronoScale and EKSO’s directors and executive officers, will be set forth in the Proxy Statement/Prospectus, which is expected to be filed by EKSO and ChronoScale with the SEC. Investors and security holders may obtain free copies of these documents as described above.

    No Offer or Solicitation

    This press release is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Transaction and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of Applied Digital Cloud, ChronoScale or EKSO, or any commodity or instrument or related derivative, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended (the “Securities Act”), or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.

    FORWARD-LOOKING STATEMENTS

    This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, future operating and financial performance, product development, market position, business strategy and objectives and future financing plans. These statements use words, and variations of words, such as “will,” “continue,” “build,” “future,” “increase,” “drive,” “believe,” “look,” “ahead,” “confident,” “deliver,” “outlook,” “demonstrates,” “expect,” “project,” “intend,” “design,” “seek,” “potential,” “aim,” “may” and “predict.” Other examples of forward-looking statements may include, but are not limited to, (i) statements regarding the parties entering into definitive documentation with respect to, and the closing of, the Proposed Transaction and the timing of the Proposed Transaction, EKSO’s plan to continue to explore strategic transactions for the possible sale of all or substantially all of EKSO’s current business and Applied Digital’s intention to spin out Applied Digital Cloud, (ii) statements regarding certain filings the parties expect to make with the SEC in connection with the Proposed Transaction, including statements regarding the filing of the preliminary and definitive proxy statement to solicit shareholder votes of EKSO shareholders; (iii) statements regarding the business to be created by the Proposed Transaction, including the anticipated benefits of Chronoscale’s accelerated compute platform; (iv) statements regarding the combined business, (v) statements about the High Performance Computing industry, (vi) statements of combined company’s plans and objectives, including its evolving business model, or estimates or predictions of actions by suppliers and current and potential customers, (vii) statements of future economic performance, (viii) statements of assumptions underlying other statements and statements about the combined company or its business, and (ix) statements regarding Applied Digital’s ability to scale independently. You are cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from EKSO’s and Applied Digital’s expectations and projections. These risks, uncertainties, and other factors include: the parties’ ability to complete due diligence and negotiate and execute definitive documentation with respect to the Proposed Transaction; EKSO’s ability to sell its existing business; the parties’ ability to close the Proposed Transaction; difficulties and delays in integrating the combined business resulting from the Proposed Transaction; higher than anticipated transaction costs; the parties’ ability to realize the contemplated financial, business or strategic benefits associated with the Proposed Transaction; the parties’ ability to obtain regulatory and shareholder approval for the Proposed Transaction; the ability of the combined business to retain key customers, employees and relationships; changes to AI and High Performance Computing infrastructure needs and their impact on future plans; the parties’ ability to raise additional capital to fund the combined company’s business plan; the dependence on a small number of principal customers; power or other supply disruptions and equipment failures; the parties’ inability to comply with regulations, developments and changes in regulations; cash flow and access to capital; availability of project and other financing to grow the combined company; decline in demand for the combined company’s products and services; maintenance of third-party relationships; and conditions in the debt and equity capital markets. A further list and description of these risks, uncertainties and other factors can be found in Applied Digital’s and EKSO’s respective most recently filed Annual Report on Form 10-K and subsequent Quarterly Report on Form 10-Q, including in the sections captioned “Forward-Looking Statements” and “Risk Factors,” and in each company’s subsequent filings with the SEC. Copies of Applied Digital’s filings are available online at www.sec.gov, on Applied Digital’s website (www.applieddigital.com) under “Investors,” or on request from Applied Digital. Copies of EKSO’s filings are available online at www.sec.gov, on EKSO’s investor relations website (ir.eksobionics.com) or on request from EKSO. Information in this release is as of the dates and time periods indicated herein, and neither EKSO, Applied Digital nor ChronoScale undertakes to update any of the information contained in these materials, except as required by law.

    For Applied Digital:
    
    Media Contact
    JSA (Jaymie Scotto & Associates)
    (856) 264-7827
    jsa_applied@jsa.net
    
    Investor Relations Contacts
    Matt Glover or Ralf Esper
    Gateway Group, Inc.
    (949) 574-3860
    APLD@gateway-grp.com
    
    For EKSO:
    
    Investor Relations Contact
    Stephen Kilmer
    (646) 274-3580
    skilmer@eksobionics.com

    Source: Applied Digital Corporation

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  • Huntsman Corporation Appoints Amy Smedley as Executive Vice President, General Counsel & Secretary :: Huntsman Corporation (HUN)

    Huntsman Corporation Appoints Amy Smedley as Executive Vice President, General Counsel & Secretary :: Huntsman Corporation (HUN)

    THE WOODLANDS, Texas, Dec. 29, 2025 /PRNewswire/ — Huntsman Corporation (NYSE: HUN) announced that Amy Smedley has joined the company as Executive Vice President, General Counsel & Secretary effective Jan. 5, 2026. Ms. Smedley will succeed Huntsman’s current General Counsel, David Stryker, who is retiring.

    Ms. Smedley has extensive experience in litigation, compliance, and corporate governance. Most recently, she has served as Executive Vice President and Chief Legal Officer at Savage Companies since 2022.

    Prior to joining Savage Companies, Ms. Smedley spent 16 years at Huntsman, where she built a successful career as an essential member of the Legal team. With Huntsman, she advanced through key legal leadership roles, ultimately serving as Vice President and Deputy General Counsel. In that time, her tenure included leading high-profile cases, notably the successful Albemarle litigation, along with other critical legal matters. Ms. Smedley previously clerked for the Honorable William T. Thurman, United States Bankruptcy Judge, and practiced at Snell & Wilmer L.L.P. in Salt Lake City, Utah.

    Peter R. Huntsman, our President, CEO and Chairman, commented:

    “We look forward to welcoming Amy back to Huntsman. Since leaving Huntsman, Amy has served as the General Counsel of Savage Companies, a privately held, multi-billion dollar international company. During her time at Huntsman, she was Deputy General Counsel and worked extensively with our litigation and business development groups. Amy will bring a depth and breadth of knowledge and experience to our senior leadership team and continued drive to create shareholder value.”  

    About Huntsman:
    Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2024 revenues of approximately $6 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,300 associates within our continuing operations. For more information about Huntsman, please visit the company’s website at www.huntsman.com. 

    Social Media:
    X: www.x.com/Huntsman_Corp
    Facebook: www.facebook.com/huntsmancorp
    LinkedIn: www.linkedin.com/company/huntsman

    Forward-Looking Statements: 
    Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management’s current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company’s operations, markets, products, services, prices and other factors as discussed under the caption “Risk Factors” in the Huntsman companies’ filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman’s operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/huntsman-corporation-appoints-amy-smedley-as-executive-vice-president-general-counsel–secretary-302650329.html

    SOURCE Huntsman Corporation

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  • HII Delivers Destroyer Ted Stevens (DDG 128) to U.S. Navy

    HII Delivers Destroyer Ted Stevens (DDG 128) to U.S. Navy

    PASCAGOULA, Miss., (Dec. 29, 2025) — HII’s (NYSE: HII) Ingalls Shipbuilding division has delivered Arleigh Burke-class guided missile destroyer Ted Stevens (DDG 128) to the U.S. Navy. This marks the second Flight III Arleigh Burke-class destroyer to be delivered by Ingalls shipbuilders. 

    “The delivery of Ted Stevens reflects the strong momentum of our destroyer program as we accelerate Flight III production and bring enhanced capabilities to the fleet,” said Brian Blanchette, Ingalls Shipbuilding president. “We are honored to deliver DDG 128 to the Navy knowing that it will stand as a powerful asset in strengthening U.S. maritime security for decades to come.”

    The future USS Ted Stevens represents the next generation of surface combatants for the U.S. Navy, featuring the second-in-class Flight III AN/SPY-6 (V)1 radar system and the Aegis Baseline 10 combat system, designed to counter threats well into the 21st century.

    At Ingalls Shipbuilding there are four more Flight III destroyers under fabrication and another seven moving through early pre-planning stages of construction. To increase the throughput and meet the increased demand for ships by the U.S. Navy, Ingalls recently embarked on a distributed shipbuilding initiative to improve schedule adherence for all ships built at Ingalls by partnering with shipyards and fabricators beyond the company’s traditional labor market.

    To date, Ingalls Shipbuilding has delivered 36 Arleigh Burke-class destroyers to the U.S. Navy, including the first Flight III, USS Jack H. Lucas (DDG 125) and Ted Stevens (DDG 128). The four Flight III destroyers under construction include: Jeremiah Denton (DDG 129), George M. Neal (DDG 131), Sam Nunn (DDG 133), and Thad Cochran (DDG 135). Additionally, Ingalls is in early pre-planning and material procurement phases for John F. Lehman (DDG 137), Telesforo Trinidad (DDG 139), Ernest E. Evans (DDG 141), Charles French (DDG 142), Richard J. Danzig (DDG 143), Intrepid (DDG 145) and Robert Kerrey (DDG 146).

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  • Cadence Bank Announces Fourth Quarter 2025 and Annual Financial Results Distribution Schedule

    Cadence Bank Announces Fourth Quarter 2025 and Annual Financial Results Distribution Schedule

    HOUSTON and TUPELO, Miss., Dec. 29, 2025 /PRNewswire/ — Cadence Bank (NYSE: CADE) will release its fourth quarter 2025 earnings and annual financial results on Thursday, January 22, 2026, prior to the opening of the financial markets. The release will be found on the company’s investor relations website and distributed on PR Newswire.

    About Cadence Bank
    Cadence Bank (NYSE: CADE) is a $53 billion regional bank committed to helping people, companies and communities prosper. With more than 390 locations spanning the South and Texas, Cadence offers comprehensive banking, investment, trust and mortgage products and services to meet the needs of individuals, businesses and corporations. Accolades include being recognized as one of the nation’s best employers by Forbes and U.S. News & World Report and as a 2025 America’s Best Banks by Forbes. Cadence has dutifully served customers for nearly 150 years. Learn more at www.cadencebank.com. Cadence Bank, Member FDIC. Equal Housing Lender.

    SOURCE Cadence Bank

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  • 10x Genomics to Present at the 44th Annual J.P. Morgan Healthcare Conference

    10x Genomics to Present at the 44th Annual J.P. Morgan Healthcare Conference

    PLEASANTON, Calif., Dec. 29, 2025 /PRNewswire/ — 10x Genomics, Inc. (Nasdaq: TXG), a leader in single cell and spatial biology, announced today that members of its management team will present at the 44th Annual J.P. Morgan Healthcare Conference on Monday, January 12, 2026 at 8:15 a.m. Pacific Time.

    Interested parties may access a live webcast of the fireside chat on the “Investors” section of the company’s website at: https://investors.10xgenomics.com/. The webcast will be archived and available for replay for at least 30 days after the event.

    About 10x Genomics

    10x Genomics is a life science technology company building products to accelerate the mastery of biology and advance human health. Our integrated research solutions include instruments, consumables and software for single cell and spatial biology, which help academic and translational researchers and biopharmaceutical companies understand biological systems at a resolution and scale that matches the complexity of biology. Our products are behind breakthroughs in oncology, immunology, neuroscience and more, fueling powerful discoveries that are transforming the world’s understanding of health and disease. To learn more, visit 10xgenomics.com or connect with us on LinkedIn, X, Facebook, Bluesky or YouTube

    Disclosure Information

    10x Genomics uses filings with the Securities and Exchange Commission, our website (www.10xgenomics.com), press releases, public conference calls, public webcasts and our social media accounts as means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD.

    Contacts

    Investors: [email protected]

    Media: [email protected]

    SOURCE 10x Genomics, Inc.

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  • How to protect against scams when buying and selling online on Facebook Marketplace and Gumtree

    How to protect against scams when buying and selling online on Facebook Marketplace and Gumtree

    When Savannah listed her old iPhone for sale on Facebook Marketplace, she didn’t expect any trouble.

    The single mum has been selling on the platform for years, and always followed Facebook’s official advice — never giving out her real address and meeting in open, public spaces for exchange. 

    Savannah was conscious that the high price of her sale item could attract scams, and thought she needed to be “a bit more careful”. 

    She felt safe meeting her prospective buyer at 3pm on a busy street in broad daylight. But that quickly changed. 

    “He was kind of trembling. He kept asking questions … but he wasn’t really listening to what I was saying,” she recalled.

    “So that was when I went, ‘Uh oh, something weird is going to happen’.” 

    Savannah says she still feels shaken by her experience and is unsure if she’ll use Facebook Marketplace again.  (ABC News: Yasmine Wright Gittins)

    Moments later, the man — who was already holding and examining the phone for sale — lunged for Savannah’s personal phone that she held in her hand, causing her to fall.

    “He freaked out and took off,” she said, taking with him the phone she’d had for sale.

    Frustrated and shaken, she called police and lodged a report for the stolen phone.

    “Essentially [they] said that they can’t do anything because the guy was on foot and there was nothing like a car registration,” she said. 

    The man’s Facebook profile was also fake, and he blocked Savannah after the incident. 

    She had been scammed.

    Close-up of a woman in a black dress holding a phone.

    Savannah says she went “through a process of being angry, sad, then almost blaming myself”, after she was scammed.   (ABC News: Yasmine Wright Gittins)

    ‘I was too eager’  

    Online marketplace scams are included under the broader category of shopping scams.

    This year, more than 19,000 reports of shopping scams have been made to Scamwatch, totalling $8.6 million in losses — a 19 per cent increase on the same period last year.

    “They can be really quite sophisticated and detailed in the execution of these scams,” Catriona Lowe, Australian Competition and Consumer Commission (ACCC) deputy chair, said. 

    With scams on the rise, the National Anti-Scam Centre, run by the ACCC, is urging buyers and sellers to “stop, check, protect”. 

    Ms Lowe said the “stop” category was key.

    “The stop part is really just not being rushed, because scammers know very well that when we’re in what’s called a ‘hot state’ — if we’re stressed or we’re hurried or we’re worried — that’s when some of our natural caution will be lower and we can be susceptible to the crime that they are trying to commit,” Ms Lowe said. 

    A woman with a black shirt.

    Jack Lenffer says she’s been using online marketplaces much less since she, her mother and her boss were scammed.  (Supplied: Jack Lenffer)

    Slowing down and taking more time to make a purchase is something Jack Lenffer wishes she’d done when she went to buy tickets for Canberra’s Spilt Milk festival in 2024.

    She was scammed into sending money to a seller for a resold ticket.

    “I think I didn’t want to admit to anyone that I’d actually been scammed, but you look back at it and you read the messages and you’re like, ‘Oh I was just too eager,’” she said. 

    The chef regularly shops on Marketplace and is becoming increasingly frustrated by scams.

    She encountered some more recently, while trying to buy a couch.

    “I noticed every single ad was just fake people who just wouldn’t reply, or they’re just demanding money straight away when you haven’t even gone over and looked at it yet,” Ms Lenffer said. 

    They’re already asking for deposits and lying about how interest [in the item] is so high that you need to pay the money first.

    And while she says she can now identify a scam “pretty quickly,” she worries for those who can’t, with her mum and boss recently falling victim. 

    So, what are some of the red flags people should look out for when buying and selling via online marketplaces, and how can you protect against scams? 

    A composite of phone screenshots showing Facebook Marketplace.

    Since its launch in 2016, Facebook Marketplace has been a popular platform for people to buy and sell second-hand goods.  (ABC News: Yasmine Wright Gittins)

    Common online shopping red flags 

    Scammers can pose as both buyers and sellers on online marketplaces.

    Those pretending to be sellers might advertise an item for sale at a price that’s too good to be true. 

    “Often there’s a compromised social media profile involved, and once a person pays for that item, the profile disappears and the product never arrives,” Ms Lowe said. 

    “Often that scammer will claim they’re travelling, or that they’ve moved overseas or a similar story like that, and that they only send the goods once the payment is received. 

    “And of course, that’s how they part people with their money.” 

    Ms Lowe said the scammer might also use the transaction to send phishing links to obtain personal and payment information, so you shouldn’t click on any links they send you or download anything to your computer. 

    Another thing to look out for is sellers insisting on payment up-front, or requesting unusual payment methods. 

    “Wire transfers, cryptocurrency, gift cards, or direct transfers all should put people on alert that they need to be careful,” Ms Lowe said. 

    If you are selling an item, Ms Lowe said to look out for fake payment confirmations from scammers posing as buyers.

    “Typically what we see is that they will send a fake payment confirmation to a seller, like a screenshot, and claim that they’ve accidentally overpaid and seek a refund for this so-called overpayment amount,” Ms Lowe said.

    Of course, there was no payment, let alone an overpayment, so it’s a way of extracting money from the seller.

    A woman in a green suit and glasses sits in a conference room looking at camera.

    Catriona Lowe urges people to report scams that they encounter to Scamwatch.  (ABC News: Kyle Harley)

    Tips when buying

    As a buyer, Ms Lowe advises doing your due diligence on the seller. 

    Search for duplicate listings for an item and check the seller’s account profile. 

    “Sometimes we’ll see a number of very similar profiles with just slightly different names,” Ms Lowe said.

    Also if the profile is very recently created or there’s bad or no reviews about that profile, these are all red flags.

    If you’re buying in-person, don’t hand over money until you see the item for sale.

    If you can’t see the item before purchasing — for example, if it is to be mailed — then consider asking to see multiple photos of the item, a live video, or an original sales receipt.

    When paying for an item electronically, Ms Lowe said it was important to use secure payment methods. 

    “If you’re using PayPal or BPAY, for example, there are dispute resolution processes that those providers have, and if you use a credit card and you don’t receive the goods, you can charge back for those items,” Ms Lowe said. 

    For those who regularly purchase online, Ms Lowe said it was important to have multi-factor authentication set up for accounts.

    She also suggested setting up a separate credit card with a low limit.  

    “Only use that card for online purchases so that even if it’s compromised, that limits the amount of loss that a consumer might be facing,” she said. 

    Tips when selling

    When selling, Ms Lowe suggests not handing over items until you’ve received payment. 

    If selling for cash, take a moment to check the money isn’t counterfeit. 

    If payment is being made electronically, check your bank account to verify the money is there — don’t rely on the buyer providing transaction evidence. 

    A person looking at Gumtree on a computer screen.

    When shopping on Gumtree and Facebook Marketplace, it is a good idea to check for duplicate listings of the item you want to buy.  (ABC News: Yasmine Wright Gittins)

    When meeting someone in person to exchange, choose a public well-lit location, ideally one covered by CCTV. 

    If possible choose a time when there are likely to be other people around, or consider taking a friend or family member along with you. 

    Victoria Police has set up 35 “safer exchange sites” across the state for this purpose, and police in some other jurisdictions have encouraged people to use station car parks.

    What to do if you think you’ve been scammed 

    Ms Lowe said to trust your instinct: if you feel like something may be wrong it’s best to act quickly. 

    The National Anti-Scam Council recommends: 

    • Contacting your bank immediately if you think you’ve lost money or shared financial details;
    • Contacting IDCARE if you have shared personal information and think you are at risk of identify theft;
    • Reporting the scam to Scamwatch and police to help protect others;
    • Changing passwords and security details if you think they’ve been compromised;
    • Monitoring your bank statements and credit reports for unusual activity.

    “Even if you’ve spotted the scam and disengaged you should still report it, because we use that intelligence to warn other people and also to disrupt the scams,” Ms Lowe said. 

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  • CCP reviews competition in insurance, gold sectors

    CCP reviews competition in insurance, gold sectors

    Studies flag low insurance penetration, informal gold trade and market dominance as key challenges

    At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY


    ISLAMABAD:

    The Competition Commission of Pakistan (CCP) expanded its market research activity in 2025, releasing competition assessment studies covering key sectors, including insurance, power, gold, pesticides, steel, LNG, road infrastructure, sugar and fertiliser.

    According to a statement issued on Monday,the Commission also established a Centre of Excellence in Competition Law (CECL) to support evidence-based policymaking and legal and regulatory reforms. The centre is conducting studies on the automobile industry, civil aviation market, solar energy market, cement sector and the impact of mergers in the telecom sector.

    A detailed CCP report on the state of competition in Pakistan’s insurance industry identified low insurance penetration, limited outreach and a fragmented legal and regulatory framework as major challenges. The report noted that insurance penetration in Pakistan stands at 0.87%, compared to a global average of 6.7%, and highlighted the need for reforms to improve competition and consumer welfare.

    The Commission also released its first Competition Assessment Study of the gold market. The report provided an evidence-based analysis of a sector characterised by informality and pricing opacity. It found that more than 90% of gold trading takes place outside formal channels. The study examined the potential impact of the Reko Diq copper-gold project on domestic supply chains and recommended the creation of a Gemstone and Gold Regulatory Authority.

    In addition, CCP issued competition studies on the pesticide, steel and LNG sectors. The pesticide sector report highlighted Pakistan’s reliance on imported agricultural chemicals, the prevalence of counterfeit and substandard products, regulatory bottlenecks and weak enforcement affecting farmers and crop yields.

    The LNG study identified dominant positions held by state-owned enterprises, limited private sector participation, restricted access to infrastructure and the impact of circular debt exceeding Rs2.8 trillion on market competition. The steel sector assessment outlined competition challenges and policy gaps affecting efficiency and market outcomes. The Commission also issued a Competition Assessment Study of the fertiliser industry, identifying barriers to competition across production, distribution and retail segments in a sector critical to agricultural productivity.

    To strengthen inter-agency coordination, the CCP signed several memoranda of understanding during 2025. These included an MoU with the Federal Antimonopoly Service of the Russian Federation covering cooperation on cartel enforcement, merger control and competition policy research.

    At the national level, the CCP entered into MoUs with the Drug Regulatory Authority of Pakistan and the Punjab Food Authority to address deceptive marketing practices and improve monitoring of product claims.

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