Category: 3. Business

About Alaska Air Group

Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia and the Pacific. We’ll serve Europe beginning in spring 2026. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska is a member of the oneworld alliance, with Hawaiian scheduled to join oneworld in spring 2026. With oneworld and our additional global partners, guests can earn and redeem points for travel to over 1,000 worldwide destinations with Atmos Rewards. Learn more about what’s happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as “ALK.”

News Release

January 7, 2026

The City of Toronto has officially opened applications and renewals for the 2026 CaféTO curb lane program, inviting restaurant and bar operators across the city to participate in one of Toronto’s most impactful initiatives supporting local businesses, vibrant main streets and neighbourhood life. 

Launched in 2020 as a rapid pandemic response, CaféTO has grown into a permanent annual program that expands outdoor dining on curb lanes, sidewalks and private patios. In 2026, a year expected to bring increased activity and visitors to Toronto, CaféTO will play an important role in showcasing the city’s diverse local food scene while supporting restaurants, workers and neighbourhood economies. 

In 2025, CaféTO supported approximately 1,500 outdoor dining spaces citywide, including 285 curb lane cafés, 579 sidewalk cafés, many of which can remain in place year-round, and 703 private patio endorsements that allow businesses to have a patio on private property. Participation continues to grow beyond the downtown core, with restaurants across Toronto using outdoor dining to attract customers, strengthen local main streets and create welcoming public spaces. 

As the City prepares for a vibrant year ahead, CaféTO remains part of a broader suite of programs supporting Toronto’s restaurant sector and main streets. The City is building on the success of the 2025 season by continuing to improve efficiency, streamline process and provide earlier application timelines so that most curb lane cafés can be ready for the Victoria Day long weekend. 

Applying for CaféTO  

Restaurant operators interested in participating in the 2026 CaféTO curb lane program can learn more by visiting toronto.ca/cafeTO, where they can review program requirements, sign up for virtual information sessions or request one-on-one support before applying. 

Details:  

• CaféTO curb lane applications are open until 11:59 p.m. on Wednesday, February 11. 

• First-time applicants are encouraged to apply early to allow sufficient time for review and approvals. 

• Returning operators will be contacted by City staff with instructions on renewing through a streamlined process. 

Once applications are submitted, City staff will work closely with operators and local Business Improvement Areas to develop traffic management plans that balance the needs of businesses, residents and road users, including loading zones, waste collection, cycling infrastructure and pedestrian access. 

Experience CaféTO 

The City encourages residents and visitors to explore CaféTO patios and support local restaurants from May through October. With expanded outdoor dining across Toronto, CaféTO helps ensure local businesses are ready to welcome increased activity and visitors, while continuing to create dynamic, inclusive public spaces in neighbourhoods across the city. 

More information about the CaféTO program, including other outdoor dining options such as sidewalk cafes and private patios, is available at: toronto.ca/cafeTO. 

Toronto is home to more than three million people whose diversity and experiences make this great city Canada’s leading economic engine and one of the world’s most diverse and livable cities. As the fourth largest city in North America, Toronto is a global leader in technology, finance, film, music, culture and innovation and climate action, and consistently places at the top of international rankings due to investments championed by its government, residents and businesses. For more information visit the City’s website or follow us on X, Instagram or Facebook.

KARACHI:

Pakistan Stock Exchange (PSX) maintained its bullish trajectory on Wednesday, with the benchmark KSE-100 index closing at a fresh record, supported by continued buying from local institutional investors.

The market opened on a weak note, with the index falling sharply in early trade to an intra-day low of 184,896.71. However, sentiment improved as buying interest returned, leading to a broad-based salvage during the late morning and afternoon sessions.

The KSE-100 index touched an intra-day high of 187,015.12 before settling at 186,518.72, up 1,456.61 points, or 0.79%, from the previous close.

Market participants attributed the strong close to sustained institutional flows, which helped the index overcome early pressure and end the session at a new all-time high.

Topline Securities observed that the local bourse remained firmly up and running, extending its stellar momentum to notch an all-time high close at 186,518. The benchmark index witnessed a highly buoyant session, surging to an intra-day high of 1,953 points, while profit-taking remained modest, with the intra-day low capped at 165 points, underscoring the market’s underlying strength.

Optimism has carried over decisively into 2026, with PSX gaining a robust 12,464 points, or +7.2% in the first five trading sessions of the year. The powerful start reflects sustained investor confidence, driven largely by aggressive buying from local funds.

The shift in asset allocation from fixed-income instruments to equities amid declining returns on traditional avenues has continued to fuel liquidity and support elevated valuations, it stated.

Heavyweight stocks once again led from the front with Hub Power, Pakistan Petroleum, Engro Holdings, MCB Bank, and Meezan Bank emerged as key drivers, collectively contributing around 766 points to the index’s advance, Topline added.

Ismail Iqbal Securities stated that the benchmark index closed on a positive note, once again setting fresh all-time highs both intra-day and at market close for the fifth consecutive session.

The 2026 rally continued in full swing, driven by strong liquidity inflows and ongoing asset class conversion, keeping investor optimism firmly intact. Power generation & distribution, oil & gas exploration companies, and cement sectors were the major contributors in Wednesday’s session, cumulatively adding 689 points to the index, the research house added.

Overall trading volume increased to 1.32billion compared with Tuesday’s tally of 1.30billion. Value of traded shares stood at Rs86.5billion. Shares of 486 companies were traded. Of these, 299 rose, 161 fell and 26 remained unchanged. K-Electric continued to secure the volume lead with trading in 77.9million shares, remaining almost flat to close at Rs6.55.

Technically, the main trend is up. A trade through the record high at $4,536.74 will signal a resumption of the uptrend. The main trend will change to down if $4,274.02 fails. However, buyers are likely to reemerge on a pullback into the intermediate 50% level at $4,211.60 and the 50-day moving average at $4,202.03.

The 50-day MA is what’s holding this entire rally together. If it is taken out with heavy selling pressure and conviction, the market could collapse on aggressive long-liquidation. Until then, the market will remain in “buy the dip” mode.

Short-Term Retracement Zone Under Pressure

The short-term range is $4,536.74 to $4,274.02. Gold is currently testing its retracement zone at $4,436.38 to $4,405.38. Holding this area will indicate the presence of strong buyers and a greater chance of a new record high.

However, if $4,405.38 fails as support, the odds of a pullback to last week’s low at $4,274.02 increase.

GPU Lease Financing to Support xAI’s Second Data Center

NEW YORK, Jan. 07, 2026 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds and affiliates (the “Apollo Funds”) have led a $3.5 billion capital solution for Valor Compute Infrastructure L.P. (“VCI”), a fund managed by Valor Equity Partners (“Valor”), to support its $5.4 billion acquisition and lease of data center compute infrastructure, including NVIDIA GB200 GPUs, to a subsidiary of xAI Corp (“xAI”). The financing uses a triple net lease structure and will support one of the world’s most powerful compute clusters for ongoing model training and development of Grok.

NVIDIA invested in VCI as an anchor Limited Partner alongside many of Valor’s institutional investors. Since inception in 2023, xAI has rapidly established its position as one of the leading companies in artificial intelligence, with Grok 4 demonstrating strong performance across benchmarks.

“This transaction represents a hallmark, downside-protected investment for Apollo in the AI infrastructure space and underscores our role as a leading provider of flexible, asset-based capital for next-generation assets,” said Apollo Partner Christopher Lahoud. “We are supporting the growth of this transformative technology by investing in the critical infrastructure that enables it, alongside highly regarded partners like Valor and NVIDIA, who are driving the next wave of innovation.”

“VCI is an extension of our continued service as a firm to xAI. The fund provides investors with the opportunity to invest in critical artificial intelligence compute infrastructure with quarterly cash distributions and upside through ownership of the compute assets,” said Valor Founder, CEO and CIO Antonio Gracias.

Apollo estimates that global data center infrastructure will require several trillion dollars of investment over the next decade, driven by secular trends associated with the Global Industrial Renaissance and accelerating demand for compute capacity and AI workloads. Since 2022, Apollo-managed funds and affiliates have deployed over $40 billionⁱ into next-generation infrastructure, including compute capacity, digital platforms and renewable energy.

Latham & Watkins LLP served as legal counsel to the Apollo Funds, Proskauer Rose LLP served as legal counsel to VCI and Sullivan & Cromwell LLP served as legal counsel to xAI.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2025, Apollo had approximately $908 billion of assets under management. To learn more, please visit www.apollo.com.

About Valor Equity Partners

Valor Equity Partners is an operational growth investment firm focused on investing in high-growth companies across various stages of development. For decades, Valor has served its companies with unique expertise to solve the challenges of growth and scale. Valor partners with leading companies and entrepreneurs who are committed to the highest standards of excellence and the courage to transform their industries. As of December 31, 2025, Valor had approximately $55 billion of assets under management. For more information on Valor Equity Partners, please visit www.valorep.com.

Contacts

Noah Gunn

Global Head of Investor Relations

(212) 822-0540

IR@apollo.com

Joanna Rose

Global Head of Corporate Communications

(212) 822-0491

Communications@apollo.com

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i} Includes certain transactions that have signed but not yet closed. There can be no assurance that these transactions will close as expected or at all.

Zurich, January 7, 2026 – Chubb today announced that Jimaan Sané has been appointed Head of Growth, Global Cyber, effective immediately.

In his new role, Jimaan will oversee the performance and expansion of Chubb’s global cyber growth strategies. Collaborating closely with global distribution and underwriting teams, he will be responsible for delivering Chubb’s premier cyber solutions to clients and brokers across all industry segments and business sizes.

“Jimaan is a highly accomplished leader with a proven track record in driving global cyber growth initiatives,” said Mike Kessler, Vice President, Chubb Group and Division President, Global Cyber Risk. “We are confident that his innovative approach will further enhance our best-in-class cyber solutions and strengthen our position as a leader in the cyber insurance market.”

Jimaan joins Chubb from Beazley Group, where he held a variety of leadership roles in Cyber Risks for over a decade. Most recently, he served as Growth Leader for London and International, overseeing strategy and growth initiatives across London wholesale and international platforms. Jimaan brings extensive experience managing multinational underwriting teams across London, Europe, Canada and Singapore.

About Chubb

Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.

Media Contact

mediarelations@chubb.com

CAMBRIDGE, Mass., Jan. 07, 2026 (GLOBE NEWSWIRE) — Intellia Therapeutics, Inc. (NASDAQ:NTLA), a leading clinical-stage gene editing company focused on revolutionizing medicine with CRISPR-based therapies, today announced that the company will present at the 44^th Annual J.P. Morgan Healthcare Conference in San Francisco on Wednesday, January 14, 2026 at 9:00 a.m. PT.

A live webcast will be available on the Events and Presentations page in the Investors & Media section of Intellia’s website, www.intelliatx.com. A replay of the webcast will be available on Intellia’s website for approximately 30 days.

About Intellia Therapeutics
Intellia Therapeutics, Inc. (NASDAQ:NTLA) is a leading clinical-stage gene editing company focused on revolutionizing medicine with CRISPR-based therapies. Since its inception, Intellia has focused on leveraging gene editing technology to develop novel, first-in-class medicines that address important unmet medical needs and advance the treatment paradigm for patients. Intellia’s deep scientific, technical and clinical development experience, along with its people, is helping set the standard for a new class of medicine. To harness the full potential of gene editing, Intellia continues to expand the capabilities of its CRISPR-based platform with novel editing and delivery technologies. Learn more at intelliatx.com and follow us @intelliatx.

Intellia Contacts:

Investors:Jason FredetteVice President, Investor Relations and Corporate Communications
Intellia Therapeutics, Inc.
jason.fredette@intelliatx.com

Media:Matt CrensonTen Bridge Communications
media@intelliatx.com  
mcrenson@tenbridgecommunications.com

Source: Intellia Therapeutics, Inc.