Category: 3. Business

  • Trump threatens to sue Federal Reserve Chair Powell

    Trump threatens to sue Federal Reserve Chair Powell

    U.S. President Donald Trump speaks next to Federal Reserve Chair Jerome Powell during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025.

    Kent Nishimura | Reuters

    President Donald Trump on Tuesday threatened to allow a “major lawsuit” against Federal Reserve Chairman Jerome Powell to proceed, escalating his pressure on the central bank leader to cut interest rates.

    Trump said in a Truth Social post that the suit would relate to Powell’s management of pricey renovations at the Fed’s headquarters in Washington, D.C., which the president has previously criticized.

    Trump did not say when that suit could be filed or by whom.

    “Jerome ‘Too Late’ Powell must NOW lower the rate,” Trump wrote in the post.

    “Steve ‘Manouychin’ really gave me a ‘beauty’when he pushed this loser,” Trump wrote, referring to his first-term Treasury Secretary Steven Mnuchin having encouraged him to nominate Powell as Fed chair in 2017.

    “The damage he has done by always being Too Late is incalculable. Fortunately, the economy is sooo good that we’ve blown through Powell and the complacent Board,” Trump claimed.

    “I am, though, considering allowing a major lawsuit against Powell to proceed because of the horrible, and grossly incompetent, job he has done in managing the construction of the Fed Buildings.”

    “Three Billion Dollars for a job that should have been a $50 Million Dollar fix up. Not good!” he wrote.

    White House press secretary Karoline Leavitt declined to share more about the potential lawsuit when asked for clarification later Tuesday.

    “He’s considering a lawsuit, and I won’t speak on it any further. I will allow the president to do that,” Leavitt said.

    The Fed declined to comment on Trump’s post.

    Read more CNBC politics coverage

    Powell and the Fed have previously defended the ongoing renovations of two historic buildings in D.C., which house the central bank, and explained why costs have risen during the projects.

    Powell pushed back on Trump to his face last month when the president visited the construction site and claimed that renovation costs had topped $3.1 billion.

    “I haven’t heard that from anybody,” Powell said then.

    Trump has railed against Powell for months as he pressured the central bank to quickly slash interest rates by multiple percentage points.

    Trump claims that doing so would save the United States vast sums of money by reducing the cost of borrowing to finance government operations.

    After raising the benchmark federal funds rate in 2022 in the wake of the Covid-19 pandemic, the Fed gradually cut interest rates multiple times in 2024, the final full year of President Joe Biden’s term in office.

    But it has kept rates steady throughout 2025 so far, defying Trump’s demands.

    In congressional testimony in July, Powell said the Fed would have already cut rates this year if Trump had not implemented his major tariff policy.

    Fed officials in June indicated they expect two rate cuts this year.

    Traders currently anticipate a quarter-point rate reduction following the Federal Open Market Committee’s September meeting. Expectations have risen for further cuts after FOMC meetings in October and December.

    CNBC’s Erin Doherty contributed to this report.

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  • Large East Coast Health System Selects Fujifilm and Amazon Web Services to Transform Pathology Delivery and Diagnosis

    Large East Coast Health System Selects Fujifilm and Amazon Web Services to Transform Pathology Delivery and Diagnosis

    Lexington, MA – August 12, 2025 – FUJIFILM Healthcare Americas Corporation, a leading provider of diagnostic and enterprise imaging solutions, today announced that a leading health system with hospital sites spanning five different geographic regions on the East Coast has selected Fujifilm’s Synapse ® Pathology solution and Amazon Web Services (AWS) to transform their pathology delivery and reduce diagnosis timelines through digitalization. The implementation of Synapse Pathology will take place across the health system’s five sites, supported by a fully cloud-based infrastructure using AWS.

    The health system’s deployment of Synapse Pathology, powered by AWS, is a first-of-its-kind in North America and an exciting step forward in the field of pathology, making a significant step toward enterprise-wide digital transformation. The health system’s strategic decision underscores their commitment to precision medicine, streamlined workflows, and integrated enterprise imaging in the cloud.

    Synapse Pathology, a comprehensive pathology PACS solution that delivers digital images for diagnosis 1.99 hours faster* than glass slides, will serve as the digital backbone of the health system’s anatomic pathology operations. Leveraging a hybrid storage architecture that combines on-premises infrastructure with scalable AWS cloud solutions, the health system gains both the performance required for daily operations and the agility to support future growth.

    Another critical component of this deployment is the deep integration with Epic Beaker, the laboratory information system used across the health system. Synapse Digital Pathology offers a detailed and seamless interface with Epic Beaker, enabling automated case synchronization, real-time status updates, and efficient accessioning workflows. This level of integration ensures that pathologists, lab technologists, and clinicians can access digital pathology images and case data within their familiar Epic environment—improving efficiency and minimizing disruptions to clinical workflows.

    “This deployment reflects a growing trend among top-tier health systems to adopt enterprise-wide, cloud-hosted digital pathology platforms across geographies that not only digitize slides but also revolutionizes how care teams collaborate, diagnose, and treat disease,” said Mark Lloyd, vice president of digital pathology, FUJIFILM Healthcare Americas Corporation. “With Synapse Pathology, Fujifilm is leading the charge—helping providers unlock the full potential of digital transformation in pathology and beyond. We’re proud to partner with forward-thinking health systems – and our partners at AWS – to deliver a transformative digital pathology solution.”

    Dan Sheeran, AWS GM for Healthcare and Life Sciences, sees this as a great example of how cloud technology is improving digital pathology workflows, noting: “AWS is thrilled to partner with FUJIFILM to host a fully cloud-based environment to support the diagnosis and care of over 1.3 million patients. These are exactly the kinds of innovations we need in healthcare as we continue to seek more rapid and accurate diagnoses.”

    As the global leader in digital pathology enterprise deployments, Fujifilm continues to demonstrate unmatched experience and scalability in large-scale rollouts. To learn more about Synapse Pathology, visit the product page.

    *Lujan G, Kellough DA, Frankel WL, Chhibber NN, Parwani AV, Chen W, Li Z, Lombardo A, Walsh J, Lloyd M. Faster Than Glass: A Digital Pathology Workflow Unlocks Major Time-Savings. United States & Canadian Academy of Pathology’s (USCAP) 111th Annual Meeting. Los Angeles, CA. March 19-24, 2022.

    About Fujifilm

    FUJIFILM Healthcare Americas Corporation is a comprehensive healthcare company that has an extensive range of technology and expertise in the detection, diagnosis, and treatment of diseases. Fujifilm’s innovative portfolio includes solutions spanning diagnostic imaging, enterprise imaging, endoscopic imaging, surgical imaging, and in-vitro diagnostics. The Non-Destructive Testing group delivers radiography solutions to ensure high accuracy inspection of transportation infrastructure, and assets within aerospace, and oil and gas industries.

    The company is headquartered in Lexington, Massachusetts. For more information on healthcare offerings, please visit healthcaresolutions-us.fujifilm.com, and for NDT portfolio, please visit https://www.fujifilm.com/us/en/business/industrial-materials/non-destructive-testing.

    FUJIFILM Holdings Corporation, headquartered in Tokyo, leverages its depth of knowledge and proprietary core technologies to deliver innovative products and services across the globe through the four key business segments of healthcare, electronics, business innovation, and imaging with over 70,000 employees. Guided and united by our Group Purpose of “giving our world more smiles,” we address social challenges and create a positive impact on society through our products, services, and business operations. Under its medium-term management plan, VISION2030, which ends in FY2030, we aspire to continue our evolution into a company that creates value and smiles for various stakeholders as a collection of global leading businesses and achieve a global revenue of 4 trillion yen. For more information, please visit: https://holdings.fujifilm.com/en.

    About Amazon Web Services

    Since 2006, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 240 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, media, and application development, deployment, and management from 117 Availability Zones within 37 geographic regions, with announced plans for 13 more Availability Zones and four more AWS Regions in Chile, New Zealand, the Kingdom of Saudi Arabia, and the AWS European Sovereign Cloud. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.

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  • Cboe Canada Lists New BetaPro ETFs from Global X, Offering 3x Leveraged and Inverse Market Exposure

    Cboe Canada Lists New BetaPro ETFs from Global X, Offering 3x Leveraged and Inverse Market Exposure

    Toronto | August 12, 2025 – Cboe Canada Inc. (“Cboe Canada”) is pleased to announce the launch of four new BetaPro ETFs from Global X Investments Canada Inc. (“Global X”). Now trading on Cboe Canada under the symbols SOXL, SOXS, TTLT and STLT, the new funds are designed to provide magnified (leveraged) or inverse exposure to the daily performance of a specific index, commodity, or sector.

    “Today marks another exciting first on Cboe Canada with these launches from BetaPro by Global X,” said Victor Werny, Head of North American ETP Listings at Cboe Global Markets. “We’re proud to expand our partnership with BetaPro by Global X, a recognized leader in delivering cutting-edge, accessible investment solutions that meet the evolving needs of today’s investors.”

    The four ETFs launched by Global X and their daily investment objectives are as follows:

    The BetaPro 3x Semiconductor Daily Leveraged Bull Alternative ETF (SOXL) is designed to provide 300% of the daily performance of the underlying NYSE Semiconductor Index, while the BetaPro -3x Semiconductor Daily Leveraged Bear Alternative ETF (SOXS) is designed to provide 300% of the inverse of the daily performance of the NYSE Semiconductor Index.

    Similarly, the BetaPro 3x US Treasury 20+ Year Daily Leveraged Bull Alternative ETF (TTLT) is designed to provide 300% of the daily performance of the ICE US Treasury 20+ Year Bond Index, while the BetaPro -3x US Treasury 20+ Year Daily Leveraged Bear Alternative ETF (STLT) is designed to provide 300% of the inverse of the daily performance of the ICE US Treasure 20+ Year Bond Index.

    Currency movements can introduce unwanted noise and reduce the precision of tactical trades. The new ETFs employ currency hedging to seek to neutralize U.S. dollar exposure, providing performance that may more accurately reflect the underlying U.S. indices.

    “When taking a high-conviction position within a volatile sector or asset class, the last thing sophisticated Canadian traders want to see is their expectations and returns distorted by currency fluctuations,” said Chris McHaney, Executive Vice President, Investment Management & Strategy at Global X. “The BetaPro 3X and -3X ETFs stand apart from the competition on this key differentiator with a built-in currency hedge structure, which helps to neutralize U.S. dollar movements. That means the potential for a better trading experience for Canadians.”

    Investors can trade units of all BetaPro by Global X ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers. Click here for a complete view of all Cboe-listed securities in Canada.

    Cboe Canada is home to ETFs from Canada’s largest ETF issuers, over 120 Canadian Depositary Receipts (CDRs), and some of the most innovative Canadian and international growth companies. Cboe consistently facilitates 20% of all volume traded in Canadian ETFs.

    About Cboe Canada

    Cboe Canada is a senior stock exchange providing a best-in-class listing experience for issuers that are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists investment products and companies seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.

    Cboe Canada is part of Cboe Global Markets, the leading securities and derivatives exchange network. With exchanges in North America, Europe, and Asia Pacific, Cboe is harnessing its footprint around the world to equip Issuers with essential capital market solutions.

    Cboe powers ETF Market Canada, a user-friendly platform providing investors and advisors with one-stop access to ETF research and analysis. Real-time, institutional-grade data allows users to compare, contrast, and explore the entire universe of 1,300+ Canadian ETFs, free of charge.

    Connect with Cboe Canada: Website | LinkedIn | X | Instagram | Facebook

    About Global X Investments Canada

    Global X Investments Canada Inc. (“Global X”) is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Global X product family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Global X has over $40 billion of assets under management and 152 ETFs listed on major Canadian stock exchanges. Global X is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages approximately $800 billion of assets across 19 countries and global markets around the world.

    Connect with Global X Canada: Website | LinkedIn | X | Instagram | Facebook

    Cboe Canada Media Contact:

    [email protected]


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  • A bullish appetite, cattle feed production is up: Grain market daily

    A bullish appetite, cattle feed production is up: Grain market daily

    AHDB released its full season (2024/25) usage data for animal feed production across GB last week. Overall, feed production across the industry was down (-1.4%). However, feed demand across the UK’s cattle sector rose notably (+5%) in the 2024/25 season compared to the five-year average.

    Both dairy and beef systems have seen increased feed use, albeit for slightly different reasons. Market prices, supply pressures, weather conditions, and cost structures have all contributed to this upward shift.

    Cattle feed production made up 31% of total feed production in 2024/25. As such, looking at the key factors driving demand is important for the cereals and oilseeds sector moving into this new marketing year.

    Dairy feed demand

    Usage of blends for dairy cows were up 8.2% against the five-year average at 864.1 Kt for 2024/25. While compound feeds grew at 1.6% over the same period.

    The milk-to-feed price ratio can be used to show how profitable it is to feed more concentrates by comparing milk value to feed cost. From July 2024 to May 2025, the milk-to-feed price ratio rose from 1.33, peaking at 1.53 in November 2024 before steadying at 1.46 in May 2025.

    Compared with the five-year average of around 1.22–1.26, this shows that in the 2024/25 season, stronger margins consistently favoured higher concentrate use to drive milk output.

    A persistently wet summer and autumn in 2024 for parts of the country, undermined grass growth and silage production across many UK regions, leading to earlier housing and increased supplementation between October and March; this was compounded by a historically dry spring in 2025, severely limiting grass development, further pushing feed usage higher.

    Beef feed demand

    Between July 2024 and June 2025, UK beef feed production increased on the year and above the five-year average, with the sharpest gains in all other cattle blends (+22%) and solid growth in all other cattle compounds (+4.8%).

    AHDB’s beef market outlook forecasts UK beef production in 2025 to fall by around 4%, driven by lower prime cattle and cow slaughter. Tighter supply this season has pushed deadweight prices to record levels, peaking above 700 p/kg in May, incentivising producers to feed intensively and aim for heavier carcass weights.

    The beef sector did not escape the weather either, the wet summer/autumn 2024 cut grazing and forage quality, prompting earlier housing, while a dry spring in 2025 kept feed demand high into summer.

    Higher-than-expected slaughter in 2024, along with increased dairy cow retention, have reduced cattle availability. Tight supplies, strong deadweight prices and cheaper feed have driven beef finishers to feed more and maximise weight gain, explaining some of the increase in feed production we have seen.

    Feed Prices

    AHDB data shows the average dairy concentrate cost in May 2025 was £296/t, £12 lower than a year earlier and slightly below the five-year average of about £304/t. Together, strong margins and moderated feed costs helped sustain elevated feed usage.

    At the same time, feed input costs eased, with UK November 2025 feed wheat futures falling to around £172/t (12 August 2025), compared with roughly £200/t at the same point last season, marking the lowest level for this stage in the harvest cycle in four years. Globally, cereal and oilseed futures have also declined sharply in 2024/25, driven by ample supplies and softer demand.

    What next?

    Overall, favourable margins, lower feed costs, and challenging weather pushed cattle feed demand well above recent norms in 2024/25. Looking ahead, if grain prices remain subdued and dairy and cattle prices stay firm, feed usage in both dairy and beef systems is likely to stay elevated. Mixed conditions in the forage season have left supplies tighter for some, which could keep reliance on purchased feed high into the next period.

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  • Rystad’s Take: In conversation with our CEO

    Rystad’s Take: In conversation with our CEO

    After months of uncertainty, a trade deal was finally reached between the US and the European Union in late July. What are your reflections on the significance for energy markets?

    “The good news is that a deal has been reached and the level of uncertainty has been reduced, but it’s hard to see any winners in this pact. For energy companies, slower economic growth has taken a toll on energy demand, while supply chains will be subjected to even higher inflation. Thus, margins in energy production will be under pressure. Some regions, however, could benefit from access to cheaper energy infrastructure, as goods that were intended for America will find alternative markets. Pakistan, for instance, has already experienced a strong uptick in solar PV. “


    Aker, Nscale and Open AI have formed a new joint venture company called Stargate Norway, with plans to open major data centers that could introduce 3.6 terawatt hours of power demand in the far north of the country. Is this the shape of things to come?

    “Yes, I see this as a good example of a new trend, with data centers increasingly being placed in geographies with an abundance of renewable energy – ideally in combination with stable political regimes. Those features exist in Norway, which also offers an attractive bonus given its cool climate. Data center construction is also a booming activity in neighboring countries Denmark, Finland and Sweden, with electricity consumption by data centers in the Nordic countries collectively poised to soar from 11 TWh in 2024 to 27 TWh in 2030. Another prolific location for data centers, despite its hot climate, is Texas, aided by its abundance of energy and its efficient regulator. We expect to see power demand from data centers in Texas grow by 80 TWh over the next three years. Data centers are often equipped with battery capacity, thus generating excess heat. A new trend is that data centers are also getting a role in the broader energy system through added flexibility to that system. The four hyper-scalers Google, Meta, Amazon and Microsoft have doubled their quarterly data center investments, from $40 billion per quarter in 2022 and 2023 to $80 billion more recently. These investments will typically be made in places that can rapidly offer these conditions. “


    You have a rather unique personal collection on permanent display in your office and in the Rystad Energy board room: A vast number of globes. Can you explain what lies behind this planetary assemblage?

    Well, Rystad Energy’s company logo has been a globe since our launch more than 20 years ago. Also, my thesis for my Master’s degree was in astrophysics, and my favorite sport is orienteering – it should thus come as no great surprise that I like globes! The globe is the natural representation of the world and offers analytical benefits versus alternative “flat map” representations. It is also a reflection of how we in Rystad Energy project data and insights into natural formats that enable correct and holistic reasoning. Lastly, historical globes tend to trigger a lot of good discussions on history and politics, which I always appreciate.”

    Jarand Rystad, Founder and CEO.

    Explore the top geopolitical risks set to shape 2025 energy markets. Uncover how unresolved conflicts, fragile diplomacy, and vulnerable trade routes could disrupt supply, prices, and investment. Gain access to the condensed whitepaper

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  • DLA Piper advises Ragnarok in its acquisition by CASE

    DLA Piper advised Ragnarok Technologies (Ragnarok) in its acquisition by CASE, a portfolio company of private equity fund AE Industrial Partners and a provider of high-end software development and cloud engineering services.

    Ragnarok is a leading provider of advanced IT solutions to the US government, as well as commercial enterprises. Ragnarok offers services in systems engineering, software development, cybersecurity, and program management.

    “The decision to sell our business marked a pivotal milestone. From day one, DLA Piper demonstrated unparalleled market insight and innovative problem-solving, always keeping our goals front and center. Their adeptness at managing challenges, providing clear and actionable guidance, and assuming much of the transactional workload allowed us to remain focused on advancing our mission. What truly distinguished DLA Piper was their genuinely collaborative approach – they didn’t just advise us; they were focused on helping us achieve long-term success, ultimately delivering a result that exceeded all expectations,” said Ethan Grambow, CEO and Co-Founder of Ragnarok.

    “We are honored to have advised Ragnarok on this landmark transaction,” said Jeffrey Houle, Co-Chair of DLA Piper’s Aerospace, Defense, and Government Services Transactional practice. “Collaborating with such an innovative and mission-driven organization was a privilege, and we are excited to see Ragnarok continue to thrive in this next chapter of its journey.”

    Along with Houle (Washington, DC), the DLA Piper team included Partners Julia Kovacs (Washington, DC) and Thomas Pilkerton III and Jordan Bailowitz (both Baltimore); Of Counsel Brad Jorgensen (Austin); Senior Attorney Cara Hupprich (Northern Virginia); and Associates Traneke Hamrick (Washington, DC) and Brendan Kelly (Baltimore).

    With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 15 consecutive years, according to Mergermarket, and ranked as number one in VC, PE and M&A in combined global deal volume according to PitchBook.

    DLA Piper’s Aerospace and Defense practice offers a multidisciplinary international team with deep experience across the defense contracting lifecycle, from bid preparation and regulatory compliance to contract performance and dispute resolution. Our integrated team of government contracts specialists and corporate attorneys adeptly manage complex transactions — including mergers and acquisitions, joint ventures, and strategic partnerships — essential for success in this rigorously regulated sector. Drawing upon extensive experience with federal acquisition regulations and national security mandates, we provide comprehensive legal counsel that safeguards compliance while facilitating clients’ strategic growth within the aerospace and defense industry.

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  • Battery storage could save SPP customers $7 billion by 2050, Aurora finds – Aurora Energy Research

    Battery storage could save SPP customers $7 billion by 2050, Aurora finds – Aurora Energy Research

    1. Battery storage could save SPP customers $7 billion by 2050, Aurora finds  Aurora Energy Research
    2. Energy storage breakthroughs enable a strong and secure energy landscape  anl.gov
    3. ACP report: Battery storage surge could slash energy costs, secure Midwest power grid  Daily Energy Insider
    4. Battery Industry Day  anl.gov

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  • The Rise Of Saudi Arabia In The Global Mining Market, You Need To Know

    The Rise Of Saudi Arabia In The Global Mining Market, You Need To Know

    Published on
    August 12, 2025

    Riyadh, Saudi Arabia, August 12, 2025- Saudi Arabia’s mining sector has surged ahead, jumping from 104th to 23rd place worldwide in the Fraser Institute’s Mining Investment Attractiveness Index from 2013 to 2024. This remarkable rise establishes the Kingdom as one of the fastest-rising players on the global mining stage, now ahead of many established hubs in Asia and Latin America.

    Saudi Arabia has strengthened its score on the Policy Perception Index (PPI), climbing from 82nd in 2013 to 20th in 2024. This upward trend shows growing global trust in the Kingdom’s reliable regulatory environment. The Mineral Potential Index (MPI) tells a similar story, improving from 58th in 2013 to 24th last year. This progress highlights the Kingdom’s vast, yet-to-be tapped mineral wealth, now being systematically mapped through wide-reaching surveys and an increasing number of new mining licenses.

    Vision 2030 Driving Growth in Mining

    The exceptional progress of Saudi Arabia’s mining industry is a key component of the broader Vision 2030 initiative, which aims to diversify the economy beyond oil. His Excellency Eng. Khalid Al-Mudaifer, Vice Minister for Mining Affairs, emphasized that this remarkable achievement is the result of extensive efforts to reform and transform the mining sector. Our mining sector is no longer just a traditional industry; it has become a key driver of economic and industrial growth, he stated.

    Saudi Arabia has positioned itself as a highly competitive investment destination by offering attractive incentives, clear regulations, and world-class infrastructure. One of the most notable elements of this transformation has been the extensive geological surveys conducted on the Arabian Shield, providing investors with critical data to assess the Kingdom’s mineral wealth.

    The country’s focus on localizing supply chains and generating jobs for its citizens has made mining a central aspect of its development strategy. According to Al-Mudaifer, We are committed to ensuring sustainable success, maximizing the value of our mineral resources, and contributing to the creation of a diversified economy.

    Government Reforms and Regulatory Improvements

    Saudi Arabia’s ascension to the top quartile of the Fraser Institute’s Mining Investment Attractiveness Index is the result of far-reaching regulatory reforms. The reforms have focused on key areas such as the security of tenure, environmental regulations, taxation, and infrastructure. Notably, investors have expressed confidence in the Kingdom’s political stability, which has been one of the key factors attracting investment to the country.

    The Fraser Institute report highlighted several key improvements in Saudi Arabia’s mining environment between 2013 and 2024:

    • Mining Administration: Saudi Arabia saw a 305.8% improvement in the clarity and effectiveness of its mining administration, from 17% in 2013 to 69% in 2024. This leap placed the Kingdom 11th globally.
    • Land Use for Mining Activities: The clarity regarding land use for mining activities improved by 82.2%, from 45% in 2013 to 82% in 2024, ranking Saudi Arabia 7th globally in this category.
    • Labor Regulations: Saudi Arabia made a 102.2% improvement in labor regulations, from 45% in 2013 to 91% in 2024, showing the Kingdom’s commitment to ensuring a stable and fair working environment for the mining sector.
    • Geological Databases: Saudi Arabia improved the quality of its geological databases by 81.8%, from 33% in 2013 to 60% in 2024, providing investors with more reliable data to make informed decisions.

    Strengthening Investor Confidence

    The Kingdom’s regulatory reforms have significantly bolstered international investor confidence. The Fraser Institute’s report highlighted Saudi Arabia’s Mining Exploration Enablement Program as a critical tool in reducing investment risks and increasing investor confidence in early-stage mining projects.

    The report also pointed out that investors have expressed no concerns about the Kingdom’s political stability, which remains a cornerstone of the country’s attractiveness to global investors. This stability, combined with regulatory clarity, has helped the Kingdom build a globally competitive mining industry, positioning Saudi Arabia as a world-class investment destination.

    Alignment with Vision 2030 Goals

    This upward trend in the mining sector aligns with Saudi Arabia’s Vision 2030 goals of diversifying the economy and developing strategic sectors such as mining. The government’s continuous efforts to enhance the mining sector are contributing to the Kingdom’s overall economic growth and reinforcing its position as an emerging global mining hub.

    By improving its regulatory framework, increasing transparency, and prioritizing investor security, Saudi Arabia has set the stage for continued success in the global mining market. The mining sector is not only seen as an economic engine but also as a source of new job opportunities and the foundation for the development of other industrial sectors.

    A Bright Future for Saudi Arabia’s Mining Sector

    Saudi Arabia’s key position, rich mineral deposits, and drive to create a better investment climate are all helping it move toward a top spot in global mining. Every time a new company puts money into the Kingdom’s mining scene, it brings in more local and foreign investors. This cycle opens fresh opportunities and supports the country’s lasting economic growth.

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  • Diagnostic work-up of anemia and associated health outcomes in people with heart failure | BMC Medicine

    Diagnostic work-up of anemia and associated health outcomes in people with heart failure | BMC Medicine

    Data source

    We used data from the Stockholm Creatinine Measurements (SCREAM) project, which contains healthcare utilization data from all residents of the region of Stockholm, Sweden [13]. A single healthcare provider in the Stockholm region provides universal and tax-funded healthcare to 20–25% of the population of Sweden. SCREAM contains complete information on demographics, healthcare utilization, laboratory tests, dispensed drugs, diagnoses (captured by International Classification of Diseases 10th Revision (ICD-10) codes from primary care, specialist care and inpatient care records) and vital status [13].

    Study population

    We included adults aged ≥ 18 years residing and accessing health care in Stockholm during 2016 to 2021 (last date available currently in SCREAM), with a diagnosis of HF and available subsequent hemoglobin tests. We excluded hemoglobin tests taken during an inpatient stay, or hemoglobin tests performed within 30 days after a bleeding event or a transfusion code and hemoglobin tests within 30 days from a hospitalization discharge, which could relate to the monitoring and/or resolution of an event. After these exclusions, we selected the date of the first hemoglobin test per patient as the index date for our study and the timepoint where baseline covariates were assessed, and follow-up began. At this point we further excluded patients who had conditions affecting the interpretation of hemoglobin values or of potential incident anemia-related outcomes, including recent pregnancy (within 2 years prior), ongoing or recent history of cancer (a clinical diagnosis of cancer in the previous 3 years, excluding diagnoses of melanomas), a hematologic disease, and chronic infections (e.g., hepatitis, tuberculosis, and human immunodeficiency virus) (Additional file 1: Table S1).

    Once the study population had been defined, we identified and excluded individuals with anemia at the index date (i.e. prevalent anemia cases, defined by having a low hemoglobin value according to the World Health Organization (WHO) definition: < 12 g/dL for females or < 13 g/dL for males), or having received an anemia diagnosis (ICD-10 codes D50–D64) in the year prior to the index date or having received anemia treatment (erythropoietin stimulating agents (ESA) or iron) in the year prior to the index date (Additional file 1: Table S1). The resulting cohort was then a cohort of prevalent HF cases free from (recent) anemia and with a baseline hemoglobin value.

    Incidence of anemia and processes of care

    This study comprised two analyses. The first analysis aimed to quantify the population with HF developing anemia and the processes of care around that anemia event. The primary outcome was thus the first-detected anemia event in each patient, defined as a new onset of low hemoglobin measurement (< 12 g/dL for females or < 13 g/dL for males) followed by a diagnosis of anemia, or initiation of anemia treatment (ESA or iron) within 3 months, or a subsequent hemoglobin measurement with similar magnitude between 3 and 6 months apart (i.e., anemia sustained for at least 3 months) (Additional file 1: Table S2). The event date was the date of the first low-detected hemoglobin. Anemia events were categorized by their severity: severe anemia was defined as hemoglobin < 10 g/dL regardless of sex followed by a diagnosis of anemia, treatment initiation, or a second hemoglobin measurement < 10 g/dL; mild/moderate anemia was defined as a hemoglobin measurement < 12 g/dL for females or < 13 g/dL for males but ≥ 10 g/dL, followed by a diagnosis of anemia, treatment initiation, or a second hemoglobin measurement of similar magnitude. Outcomes based on anemia severity were not mutually exclusive, and a given patient may have developed more than one anemia event of varying severity during follow-up.

    The clinical work-up of anemia was evaluated in terms of (i) anemia recognition, defined by the establishment of a clinical diagnosis of anemia within 6 months from the anemia event; (ii) testing for iron stores, defined by the presence of at least one laboratory test of ferritin or TSAT within 6 months from the anemia event; (iii) other laboratory testing, including liver enzymes (alanine aminotransferase (ALT) and aspartate aminotransferase (AST), kidney function (serum/plasma creatinine) and inflammation (C-reactive protein (CRP)); (iv) procedures for ruling out bleeding or cancer, including colonoscopy, urinalysis, cystoscopy, and esophagogastroduodenoscopy; (v) initiation of treatments, including recorded blood transfusions, infusions of intravenous iron, and filled prescriptions of oral iron or ESAs within 6 months from the anemia event (definitions detailed in Additional file 1: Table S3).

    Clinical outcomes associated with incident anemia

    The second analysis aimed to investigate the association between developing anemia and the subsequent risk of all-cause death, major adverse cardiovascular events (MACE) and hospitalization for HF, and new-onset cancer. Here, anemia was considered a time-varying exposure. Deaths were ascertained by linkage with the Swedish population register, which has no losses to follow up [14]. MACE was defined as the composite of stroke, myocardial infarction, and cardiovascular death. Cancer was defined as any new diagnosis falling under the International Classification of Diseases 10th Revision (ICD-10) C category (Additional file 1: Table S2).

    Study covariates and stratifiers

    Study covariates were derived at index date and updated again at the time of anemia occurrence. Covariates were selected on the basis of biological plausibility and included demographic information (age, sex, highest level of education attained and calendar year); HF type, categorized as HF with preserved ejection fraction (HFpEF:EF ≥ 50%) or reduced ejection fraction (HFrEF: EF < 50%) by using a prediction model derived in a Swedish cohort and validated in a Dutch cohort [15] (Additional file 1: Method S1); history of comorbidities (diabetes mellitus, hypertension, ischemic heart disease, cerebrovascular disease (CVD), peripheral vascular disease, atrial fibrillation, valve disease, chronic obstructive pulmonary disease, rheumatoid diseases, dementia, liver disease, peptic ulcer disease and melanoma); laboratory tests (hemoglobin and estimated glomerular filtration rate (eGFR) [16]; and use of implantable cardioverter defibrillator or cardiac resynchronization therapy, use of CVD-related medications (renin–angiotensin system (RAS) inhibitors (angiotensin-converting enzyme (ACE) inhibitors/angiotensin II receptor blockers (ARBs)), beta-blockers, calcium channel blockers, loop diuretics, mineralocorticoid receptor antagonists (MRA), digoxin, statins, immunosuppressants, platelet aggregation inhibitors, anticoagulants except heparin, non-steroidal anti-inflammatory drugs, and other blood pressure medications. Detailed definitions of these covariates are presented in Additional file 1: Table S4.

    We stratified our analyses by the presence/absence of iron deficiency and the type of care identifying the event (setting). Iron deficiency was defined as ferritin < 100 µg/L, or ferritin between 100 µg/L and 299 µg/L if TSAT was < 20% [17]. We considered that anemia was detected and managed in primary care if the hemoglobin test that defined the event was ordered by a primary care unit and there were no records of a cardiology department visit within 6 months; we considered that anemia was detected and managed in cardiology care if the hemoglobin test that defined the event was ordered by a cardiology department or if there was a recorded visit in a cardiology department within 6 months. For cases not fitting these definitions, we considered that anemia was detected and managed in other sources of care.

    Statistical analysis

    Continuous variables with normal distribution are presented as mean and standard deviation (SD), whereas those with non-normal distribution are expressed as median and interquartile range (IQR). Categorical variables are presented as counts and proportions (%).

    Incidence of anemia and baseline predictors

    We first calculated anemia incidence rates by dividing the number of events by the person-time, following patients until the first anemia event detected. Then, we assessed time to anemia event, identifying baseline predictors (all those listed in Additional file 1: Table S5), through multivariable Cox regression models, reported as hazard ratios (HRs) and 95% confidence intervals (CIs). For these analyses, patients were followed until the occurrence of anemia, emigration from Stockholm, death, or end of follow-up, whichever occurred first. Continuous variables were standardized as per SD increase, and the relative importance of each predictor was assessed by the estimated explained variance of the outcomes (R2) and the proportion of overall explainable log-likelihood (Χ2) attributable to each predictor in the analysis of variance.

    Clinical work-up of anemia

    We described the clinical reactions upon anemia occurrence overall, stratified by anemia severity, by the absence/presence of iron deficiency, and by setting of management. Furthermore, we modelled these processes of care across calendar years to evaluate time trends since the instauration of the ESC guidelines in 2016. In addition, we reevaluated the clinical work-up of anemia after excluding patients who died within the first 6 to 12 months after incident anemia to account for the possibility that some of these patients may have been under palliative care, thereby limiting further diagnostic investigations and anemia treatment.

    Adverse outcomes following incident anemia

    Finally, we estimated the associations between developing anemia and subsequent outcomes through multivariable-adjusted time-dependent Cox proportional hazards regression. Patients were followed from the index date until the occurrence of adverse outcomes, emigration from Stockholm, or the end of follow-up, whichever occurred first.

    To evaluate the consistency of our findings, we performed subgroup analyses by sex, HF type, and diabetes status. To evaluate the robustness of our findings, we performed various sensitivity analyses. First, we reanalyzed associations with all-cause death, MACE, hospitalized HF, and cancer after excluding events within the first 180 days after incident anemia to assess the impact of reverse causation bias (e.g., that anemia may have been identified during the workout and/or clinical investigations following another complication). Second, we reevaluated the associations between developing anemia and subsequent risk of MACE, hospitalized HF, and cancer, considering all-cause death as a competing risk.

    Missing data approaches

    There were no missing data for covariates except for educational level and baseline eGFR, with a missing rate of 3.4% and 1.9%, respectively (Additional file 1: Table S4). Multiple imputation by chained equations using classification and regression trees was employed to impute complete data sets. The imputation model included the exposure variable, all covariates, the event indicator for the outcome, and the Nelson-Aalen estimate of the baseline cumulative hazard.

    Statistical analyses were performed using R Version 4.2.1 (R Foundation for Statistical Computing). Two-sided P < 0.05 was considered statistically significant.

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  • US joint venture BetMGM helps Entain to beat expectations | Ladbrokes

    US joint venture BetMGM helps Entain to beat expectations | Ladbrokes

    A flurry of bets on the football Club World Cup and summer tennis tournaments helped the UK gambling company Entain to better-than-expected results, helping it brace for looming tax rises in its domestic market.

    The owner of brands including Ladbrokes and Coral reported an 11% rise in underlying profits to £583m in the first half of the year, on revenues that rose 3% to nearly £2.6bn.

    At BetMGM, Entain’s 50%-owned US joint venture, revenues rose by more than a third. US sports betting continues to grow rapidly following the supreme court’s overturning in 2018 of a decades-old ban on the practice.

    But Entain also performed strongly in its home market, with online gambling revenues up 21% in the UK and Ireland.

    Entain said the Club World Cup, held in the US earlier this summer, had delivered “fantastic results” for the company, despite a muted response to the tournament in the UK.

    Entain describes Brazil as one of its “must win” markets, alongside the UK and US, and it has a partnership with the São Paulo team – and Club World Cup participant – Palmeiras. The company said this helped boost local interest in betting on the tournament.

    The Club World Cup final, between Chelsea and Paris Saint-Germain, was the year’s most popular event by the number of bets taken. The French Open and Wimbledon tennis tournaments also delivered new records for the company, amid surging interest from gamblers in a sport whose design inherently creates opportunities to place rapid-fire wagers.

    Female tennis players have spoken out this year about the abuse they receive, often from gamblers frustrated by having lost bets.

    Entain’s chief executive, Stella David, appointed earlier this year after her predecessor, Gavin Isaacs, departed suddenly after five months, said the results showed the company was “getting stronger, fitter and faster”.

    Entain’s improved fortunes in the UK could cushion the blow if the Treasury goes ahead with plans to target the gambling industry with higher taxes, as the chancellor, Rachel Reeves, casts around for ways to plug a fiscal hole.

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    Gordon Brown, the former prime minister who also served a decade as chancellor, recently called for gambling duties to increase by £3bn, from about £2.5bn at present, to pay for lifting the two-child cap on benefits.

    The Treasury is expected to increase taxes levied on the sector, albeit by a smaller amount than Brown has suggested.

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