Category: 3. Business

  • Amazon prepares for major layoffs among office workers

    Amazon prepares for major layoffs among office workers

    Amazon is planning major job cuts among its corporate workers as soon as this week, multiple media outlets have reported.

    The online retail giant plans to lay off as many as 30,000 employees as part of cost-cutting measures led by chief executive Andy Jassy, according to the Wall Street Journal and Reuters. Each cited sources stating the same number of layoffs.

    Amazon declined to comment when contacted by the BBC.

    If confirmed, the layoffs could be one of the largest seen in recent months. It would be Amazon’s biggest cuts since 2022, when the company let go of around 27,000 workers over several months.

    Amazon’s layoff plans were also reported by CNBC and the New York Times, citing sources familiar with the matter. The reports did not say where in the world job cuts will be made.

    The number of potential layoffs would be around 10% of the company’s corporate headcount, but still a small fraction of Amazon’s total workforce, which has more than 1.5 million employees across its warehouses and offices worldwide.

    The company has around 350,000 corporate workers, which include those in executive, managerial and sales roles, according to figures that Amazon submitted to the US government last year.

    Like many technology firms, Amazon hired aggressively during the Covid-19 pandemic to meet the surge in demand for online deliveries and digital services.

    Amazon boss Mr Jassy has since focused on reducing spending as the company invests heavily in artificial intelligence (AI) tools to boost efficiency.

    Mr Jassy said in June that the increase in AI tools will likely lead to job cuts as machines take over routine tasks.

    “We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs,” he said then.

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  • Two-thirds of surveyed enterprises in EMEA report significant productivity gains from AI, finds new IBM study

    Two-thirds of surveyed enterprises in EMEA report significant productivity gains from AI, finds new IBM study

    • 66% of responding senior leaders say AI has already driven significant productivity improvements across their organization

    • 41% of respondents anticipate returns on AI investments in under a year

    • 72% of large enterprises surveyed (1,001 – 5,000 employees) report AI-driven productivity gains compared with 55% of SMEs

    • Around 85% said interoperability, choice and transparency of AI systems is important

    Oct 28, 2025

    LONDON, Oct. 28, 2025 /PRNewswire/ — A new study from IBM (NYSE: IBM) reveals enterprises across Europe, the Middle East and Africa (EMEA) are already reporting significant productivity gains from using AI, with many expecting returns on their investments (ROI) within the next year. However, the findings suggest small to medium sized enterprises (SME) and public sector organizations are falling behind larger, private sector firms in boosting productivity with AI.

    IBM Corporation logo. (PRNewsfoto/IBM Corporation)

    “The Race for ROI,” a new IBM report produced in partnership with Censuswide, surveyed 3,500 senior executives across ten countries, and reveals 66% of respondents said their organizations have achieved significant operational productivity improvements using AI. 

    In addition, approximately one in five respondents said their organization has already realized ROI goals from AI-driven productivity initiatives, with a further 42% on average expecting to achieve ROI within 12 months across cost reduction (41%); time savings (45%); increased revenue (37%); employee satisfaction (42%) and increased Net Promoter Score (43%).

    Further productivity benefits are expected from the introduction of AI Agents, with 92% of leaders expecting that agentic AI will deliver measurable ROI within two years.

    According to the study, business areas achieving the biggest AI-driven productivity gains are software development and IT (32%), customer service (32%), and procurement (27%). At the same time, executives reported the top three benefits of enhanced productivity as greater operational efficiency (55%), enhanced decision-making (50%), and augmented workforce capabilities such as automating repetitive tasks (48%).

    However, the gains are not evenly distributed across all types of organizations. While 72% of large enterprises surveyed reported productivity gains from AI, only 55% of SMEs say the same. The research also indicates that public sector organizations are in the earlier stages of realizing AI’s full potential, with only 55% reporting significant productivity improvements to date.

    AI Transforming Business Models

    Across EMEA, the data shows that leaders are increasingly using AI to enable strategic business transformation. Of the 66% of respondents who reported significant productivity gains, nearly a quarter (24%) credit AI with fundamentally changing their business models.

    Strikingly, around a third of respondents are already using AI to change their operations in ways such as accelerating innovation timelines (36%); shifting to continuous AI-driven decision-making instead of periodic planning cycles (32%); and redesigning value streams around AI rather than automating existing steps (32%, and around 2 in 5 intend to do so across all these areas.

    Nearly half of all senior leaders surveyed (48%) said that AI is augmenting workforce capabilities. For example, with the time saved from greater productivity, executives said employees are spending more time on tasks such as developing new ideas (38%), strategic decision-making and planning (36%), and engaging in creative work (33%), the report finds.

    Ana Paula Assis, Senior Vice President and Chair, IBM EMEA and Growth Markets, said:

    “The true value of AI for business goes far beyond individual productivity – it’s about strategic transformation. Our research suggests that, while we are still in the foothills of AI adoption, enterprises in EMEA are seeing meaningful productivity gains from infusing AI into their operations, with many redesigning their business models.

    “On the question of technology autonomy, the response was emphatic: enterprises want to use technology on their terms, with transparency, choice and flexibility baked in.”

    Prioritizing open systems, interoperability and choice

    The study found that openness, interoperability, and choice are critical priorities for all types of organizations adopting AI. 85% of respondents emphasized the importance of transparency in AI systems and models, ensuring that the technology operates ethically and responsibly. Similarly, 84% stressed the need for interoperability, enabling seamless integration of AI tools into IT systems to maximize efficiency and adaptability.

    A further 85% said they valued having the flexibility to choose and adapt AI solutions or providers as needs evolve, underscoring strong demand for autonomy.

    Overcoming risk and complexity

    While the findings suggest companies are progressing towards greater ROI on AI, it also identified concerns about security, privacy and ethics – including the risk of data breaches and the trustworthiness of AI – as the top barrier to scaling successful AI pilots, cited by 68% of respondents. Similarly, IT complexity challenges, such as integrating AI with legacy systems, was cited by 68% of senior leaders surveyed.

    To accelerate ROI from AI, the report outlines five priorities for enterprise leaders:

    • Establish an effective operating model for AI: Establishing a common and universally understood approach for AI transformation across the organization, such as a federated or hub-and-spoke model, along with clear ownership, is crucial for delivering return on investment.
    • Cultivate AI literacy and a culture of innovation, from the Board to entry-level: In the coming years, AI tools will become increasingly embedded in every interaction. Knowledge of how and why to use these tools across teams and functions will help the organisation to adapt and thrive as AI capabilities and the opportunities they create continue to evolve.
    • Get comfortable with uncertainty and rapid change: The world is moving into an era of AI everywhere. AI tools will be embedded and procured into every interaction layer we have – whether it is search engines, the device people interact with or the companies they engage with. Success in this era means developing a culture that embraces change and uncertainty, and enables rapid, purposeful innovation.
    • Understand the risks around AI deployment: As with any technology, AI must be applied with caution and a detailed understanding of regulatory, reputational and operational risks. Enterprises should apply AI governance tooling to monitor and mitigate potential risks, such as unauthorized data sharing and unwanted bias.
    • Establish a cross company “AI Board” to mitigate risk: The AI Board’s role is to define ethical principles and risk appetite and review higher risk AI use cases before they are implemented. This, combined with increased AI literacy, will give business units a high level of autonomy to implement AI use cases with confidence.

    To discover more about how AI is helping unlock opportunities for growth and innovation in EMEA, including across major industry sectors, download the ‘The Race for ROI” report here.

    Research Methodology 

    This report is based on a survey conducted by IBM in partnership with Censuswide in September 2025, involving over 3,500 senior business leaders (aged 25+). This included 500 respondents in each of the following markets; UK, Germany, France, UAE and Saudi Arabia and 200 respondents in Spain, Italy, Poland, Sweden and the Netherlands.

    Respondents were drawn from organizations which currently use AI tools, representing a range of industries, including Finance, Public Sector, Retail, Telecoms, and Energy.

    Quotas were set to ensure an even split of responses from organizations of different sizes based on number of employees. The categories were split as follows: under 250 employees, 250 – 1,000 employees, 1,001 – 5,000 employees, over 5,000 employees.

    About IBM

    IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Learn more at IBM.com.

    Media Contact

    Gregor Hastings

    IBM EMEA Communications

    gregor.hastings@ibm.com

    SOURCE IBM

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  • Wind power has cut £104bn from UK energy costs since 2010, study finds | Wind power

    Wind power has cut £104bn from UK energy costs since 2010, study finds | Wind power

    Wind power has cut at least £104bn from energy costs in the UK since 2010, a study has found.

    Users of gas have been among the biggest beneficiaries, the research suggested.

    Research by University College London found that from 2010 to 2023, energy from windfarms resulted in electricity bills being lower by about £14.2bn than they would have been if gas had been needed to generate the same amount of power.

    However, the reduction in the cost of gas that could be attributed to wind generation – owing to the cut in demand and not needing to build new infrastructure – was much greater, at about £133.3bn.

    Over the same period, consumers paid about £43.2bn in green subsidies, levied on electricity bills rather than gas bills. The net result was a reduction of £104.3bn in UK energy bills over the 13-year period, according to the researchers.

    Surging renewable energy generation across Europe made demand for gas – and thus gas prices – lower than they would otherwise have been, and meant electricity companies had less need to build costly new gas-fired power stations, according to the analysis. The way that the UK’s energy market works also means gas-fired power stations are in effect allowed to set the price of electricity.

    The analysis applied to 2010-23, leaving out the lingering impacts of the leap in gas prices in early 2022, when Russia invaded Ukraine.

    Colm O’Shea, a former hedge fund manager, now a master’s student at UCL and lead author of the report, said: “Far from being a financial burden, this study demonstrates how wind generation has consistently delivered substantial financial benefits to the UK. To put it into context, this net benefit of £104bn is larger than the additional £90bn the UK has spent on gas since 2021 as a result of rising prices related to the war in Ukraine.

    “This study demonstrates why we should reframe our understanding of green investment from costly environmental subsidy to a high-return national investment.”

    Mark Maslin, a professor of Earth system science at UCL, said the UK’s consumers would benefit to a greater extent if the electricity market were reformed to reflect the reality that wind generation was reducing bills. “At some stage, the UK government must decouple gas and electricity prices,” he said. “That would mean gas prices would reflect the global markets, while the electricity price would reflect the savings from wind and solar.”

    Ana Musat, the director of policy at RenewableUK, the trade body for the wind sector, said: “This research highlights the long-term economic benefits for UK plc of investing in renewable energy generation. The only way to reduce energy costs for good is to minimise our exposure to volatile global fossil fuel prices and increase the share of electricity generation from clean homegrown sources.”

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    The government disappointed the wind industry and renewable energy advocates on Monday by setting out a lower amount of available subsidy than some had hoped for in an auction for new offshore wind capacity. Only about £1.1bn was made available in the auction.

    Musat said: “The wind industry alone employs 55,000 people and this is set to double to 110,000 by 2030. Every gigawatt of offshore wind brings £2bn-£3bn in private investment to the UK. That’s why it’s so important that we procure significant volumes of new wind and solar capacity in the auction for clean power contracts, with the budget set at an ambitious level to enable us to make the most of the opportunity to stabilise the cost of energy.”

    Michael Shanks, the energy minister, said: “Our competitive new auction process will allow us to buy the right amount of clean power at the right price on behalf of the British people, so we can take back control of our energy.”

    Separately, analysis from the Energy and Climate Intelligence Unit thinktank found that in the 10 years since the Paris agreement was signed in 2015 there have been far greater increases in renewable energy generation than was envisaged at the time.

    In 2015, BP predicted that non-fossil fuels would take a 38% share of global power generation by 2035, but already they account for 41%. Solar and wind generation today are four times what the International Energy Agency in 2015 forecast they would be.

    The deployment of electric vehicles has also risen faster than expected: the 2015 target of 100m EVs on the road by 2030 is likely to be hit in two years.

    Ed Miliband, the energy secretary, said: “Clean homegrown power is the right choice for families, industry and the nation for many years to come. Wind power is cheaper, cleaner and more secure than new gas – helping us bring down bills for good.

    “And with a competitive new process to secure more wind in our upcoming renewables auction, we will take back control of our energy and bring the next generation of opportunity to British coastlines and heartlands.”

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  • Cms1 Ribosomal Small Subunit Homolog promotes HCC proliferation and mi

    Cms1 Ribosomal Small Subunit Homolog promotes HCC proliferation and mi

    Introduction

    According to the Global Cancer Statistics 2022, liver cancer is the sixth most common type of cancer, with the third highest mortality rate.1 Hepatocellular carcinoma (HCC) accounts for ~80% of all primary liver cancers.2 The burden of HCC varies significantly across different regions, and China is the nation bearing the greatest burden of HCC, globally.3 Currently, the surgical treatment approach still offers the best long-term survival prospects for patients with HCC.4 However, a significant proportion of patients with HCC are diagnosed in advanced stages of the disease and can be therefore treated only with systemic therapies.5 With the development of medical technology, systemic therapy has transitioned from single-agent targeted therapy to combination therapy, thus resulting in significant stride. Unfortunately, the clinical treatment of HCC is very challenging, since only a small proportion of patients can achieve positive clinical benefits.6

    Classification can assist in a deeper understanding of diseases. HCC can be also stratified into two major classes based on its molecular subtype, the proliferation class and the non-proliferation class.7 The non-proliferation subtype maintains the expression of hepatocyte differentiation-related markers and displays chromosomal stability, thus being associated with a well-differentiated phenotype.8,9 In addition, the proliferation subtype is more common in patients with hepatitis B infection. This HCC subtype is commonly characterized by the presence of TP53 mutations, chromosomal instability, upregulation of cell cycle-related genes, and activation of classical cell proliferation-related pathways, such as the RAS/mitogen-activated protein kinase (MAPK) and phosphatidylinositol 3‑kinase/protein kinase B signaling pathways.8,9 Furthermore, patients with this HCC subtype commonly present with elevated serum alpha-fetoprotein levels and poor clinical prognosis.10 Therefore, understanding the molecular mechanisms underlying the development of proliferative HCC and identify new therapeutic targets are of significant importance.

    Herein, to uncover the mechanism of proliferative HCC, bioinformatics analysis was performed to establish a more precise classification of HCC based on its proliferative capacity and identify hub genes associated with the high-proliferative capacity subgroup. Furthermore, the most significant hub gene, namely Cms1 ribosomal small subunit homolog 1 (CMSS1), was further explored regarding its role in cell proliferation. CMSS1 was a relatively understudied molecule currently recognized as an RNA binding protein (RBP).11 The latest research indicated that CMSS1 played a significant role in the progression and prognosis of non-small cell lung cancer.12,13 In the study, we provided novel insights into the mechanism of CMSS1 in HCC progression.

    Materials and Methods

    Data Collection

    The gene expression profile and clinical data from a total of 369 HCC samples and 50 adjacent control tissue samples were obtained from The Cancer Genome Atlas (TCGA; https://portal.gdc.cancer.gov/). The RNA-seq data for the GSE138485, GSE214846, GSE124535 and GSE151530 datasets were collected from the Gene Expression Omnibus database (https://www.ncbi.nlm.nih.gov/geo/). The involved human data were approved by the Medical Ethics Committee, Zhongnan Hospital of Wuhan University.

    Consensus Clustering Analysis

    Consensus clustering analysis was performed using the “ConsensusClusterPlus” in R package, following the standard procedure outlined in the instructions. Subgroups were divided based on the 697 proliferation-related gene sets in the Hallmark term (Table S1), with a resampling frequency of 1,000 (reps=1,000) and default parameters for the rest. The optimal number of clusters was determined according to the following three criteria: i. The area under the consensus cumulative distribution function (CDF) curve should tend to stabilize; ii. the number of samples allocated to each cluster should be appropriate and stable; and iii. the clustering heatmap should be clear and not mixed. After comprehensive consideration, a K value of three was considered to indicate the optimal number of clusters in the current clustering analysis.

    Bulk RNA-Seq-Related Data Analysis

    The offline RNA-seq data was subjected to FastQC (v0.12.1) data quality control and were then aligned with the human reference genome (hg38) using HISAT2 (v2.2.1). Raw counts and transcripts per million (TPM) were quantitatively obtained by StringTie (v2.2.3). Principal component and differential gene analyses were carried out using “gmodels” and “DESeq2” in R package. The screening criteria for differentially expressed genes are explained in the results section of the manuscript. Herein, single sample gene set enrichment analysis (ssGSEA) was performed using “GSVA” in R package, while GSEA was conducted using “clusterProifler”. Kyoto Encyclopedia of Genes and Genomes (KEGG) enrichment analysis of the differentially expressed genes was directly carried out to reveal the statistical significance of each pathway using hypergeometric distribution based on the gene pathway annotation file provided on the official website.

    Clinical Prognostic Analysis

    The overall survival time and disease-free interval were obtained from TCGA official website. Kaplan Meier estimation and curve drawing were performed using “survival” and “survivminer” in R package.

    Single Cell RNA-Seq Data Analysis

    The single cell RNA-seq data from HCC samples was included in the GSE151530 dataset. Data were processed using “Seurat” (v5.0) in R package. Low quality cells were filtered using the following criteria: 500

    Cell Lines and Cell Culture

    293T cells and the human HCC cell lines, HepG2, MHCC97H, Huh7, MHCC97L, HLF and PLC/PRF/5, were obtained from the American Type Culture Collection. In addition, the above HCC cell lines were authenticated using short tandem repeat (STR) profiles. All cells were cultured in DMEM (Procell Life Science & Technology Co., Ltd)., containing 10% fetal bovine serum (FBS; NEWZERUM, Ltd.) and 1% penicillin/streptomycin solution (Procell Life Science & Technology Co., Ltd.) at 37°C with 5% CO2.

    Western Blot Analysis

    For Western blot analysis, total protein extracts were isolated from tissue or cell samples using SDS lysis buffer (Sinopharm Chemical Reagent Co., Ltd.) followed by quantification. An equal amount of protein extracts was separated by 10% SDS-PAGE, followed by transferring onto PVDF membranes (Millipore; Sigma). Following sealing in 5% skim milk for 1 h, the membrane was incubated overnight with a primary antibody at 4°C and then with the corresponding secondary antibodies at room temperature for 1 h. The antibodies used in the current study are listed in Table S2.

    Reverse Transcription-Quantitative PCR (RT-qPCR) Assay

    For RT-qPCR assays, total RNA was extracted from tissue or cell samples using a Trizol reagent (Sigma-Aldrich; Merck KGaA). Subsequently, the isolated total RNA was reversed transcribed into cDNA using the HiScript III RT SuperMix for qPCR (+gDNA wiper) kit (Vazyme Biotech Co., Ltd). The ChamQ SYBR qPCR Master Mix kit (Vazyme Biotech Co., Ltd.) was used to detect the PCR amplification products. The mRNA expression levels were calculated as fold change using the standard formula. The primer sequences used are listed in Table S3.

    Establishment of a Stable CMSS1 Overexpressing Cell Line

    293T cells were seeded into 6-well plates (Wuxi NEST Biotechnology Co., Ltd.) at a density of 6×105 cells/well until they reached 70% confluence on the second day. Subsequently, the targeted plasmids, pSPAX2 and pMD2.G were co-transfected into 293T cells for 48 h and the supernatant containing sufficient lentivirus was then collected and used to infect Huh7 and HepG2 cells in 6-well plates. Following incubation for 48 h, wild-type cells served as the control group, while the stable CMSS1 overexpressing cells were screened with 2 μg/mL puromycin dihydrochloride (Beyotime Institute of Biotechnology). The culture medium was then replaced and the stable expressing cells were selected. The successful establishment of the stable cell line was verified using Western blot and RT-qPCR analyses. The primer sequences used are listed in Table S3.

    Cell Counting Kit-8 (CCK-8) Assay

    The stable CMSS1 overexpressing cells were seeded in 96-well plates (Wuxi NEST Biotechnology Co., Ltd.) at a density of 3×103 cells/well in 100 μL culture medium (n=5 replicates). The culture medium was then replaced with fresh one, supplemented with 10% CCK-8 reagent (Beyotime Institute of Biotechnology) and cells were then cultured for 0, 24, 48, 72 and 96 h. Following incubation at 37°C for 120 min, the absorbance values in each well were measured at a wavelength of 450 nm using an enzyme labeler (Thermo Fisher Scientific, Inc).

    Colony Formation Assay

    Cells were seeded into 6-well plates (Wuxi NEST Biotechnology Co., Ltd.) and cultured for 14 days, with the intermediate being changed every three days to maintain the growth environment of the cells. When reached the indicating planned time, colonies were washed with PBS and were then fixed with 4% paraformaldehyde (Wuhan Servicebio Technology Co., Ltd.) for 15 min. After fixing, the formed colonies were stained with crystal violet staining solution (Beyotime Institute of Biotechnology) for 20 min. Finally, the cells were washed again with PBS to remove any excess dye and images of the culture plates were captured under a digital single lens reflex camera.

    Transwell Migration Assays

    The Transwell chambers (Corning, Inc.) were placed on 24-well plates (NEST) and cells in 100 μL culture medium without FBS were seeded into the upper chamber at a density of 8×104 cells/well. The lower chamber was supplemented with 600 μL DMEM containing 10% FBS. Following incubation for two days, the non-migrated cells were cautiously removed from the upper chamber, while the migrated ones in the lower chamber were fixed with 4% formaldehyde and were then stained with crystal violet staining solution for 10 min.

    Xenograft Mouse Model

    To establish a xenograft mouse model, HepG2 cells (density, 5×106 cells per mouse) transfected with CMSS1 overexpressing plasmid or control vector were separately suspended in 200 μL PBS and were then injected into the backs of 4-week-old male nude mice. As the tumor began to grow, the weight of the mice was measured every two days. The tumor volume was also recorded. On the last day of the experiment, the mice were euthanized by cervical dislocation following anesthesia by intraperitoneal injection of 0.3% sodium pentobarbital (30 mg/kg). Euthanasia was confirmed by verifying respiratory and cardiac arrest, along with pupil dilation, for a minimum of 10 min. Then, images of the naked mice were captured, and the size and weight of the tissue samples were measured. The maximum tumor diameter and volume were <1 cm and <1,000 mm3, respectively. All animal experimental protocols were approved by the Animal Care and Use Committee of the Renmin Hospital of Wuhan University and performed in accordance with the “Laboratory animal—Guideline for welfare and ethics” (GB/T 35892–2018) issued by the Standardization Administration of China.

    Immunohistochemistry (IHC) Assay

    IHC analyses were performed using paraffin-embedded tissue sections, which were subjected to dewaxing. Antigen retrieval was carried out in heat-induced sodium citrate buffer (pH, 6.0). Subsequently, the tissue sections were incubated with the primary antibody at 4°C overnight and then with the corresponding secondary antibody (Wuhan Servicebio Technology Co., Ltd.) at 37°C for 1 h. The immunoreactive signal was developed using 3,3′-diaminobenzidine (DAB) solution (ZSGB-BIO). The sources and dilutions of the primary antibodies used are listed in Table S2.

    Statistical Analysis

    Statistical analysis was performed using SPSS version 25 software (IBM Corp.) and graphs were constructed using GraphPad Prism 8.0 (GraphPad Software, Inc). The statistically significant differences in TPM differential expression or clinical indicators between normal and tumor samples were evaluated by Wilcoxon rank-sum test. The Student’s t-test or analysis of variance (ANOVA) was used to analyze the statistical significance between different groups. The data are expressed as the mean ± SD. P<0.05 was considered to indicate a statistically significant difference (*P< 0.05; **P<0.01; ***P<0.001; ns, not significant).

    Results

    HCC Subtypes with Strong Proliferative Ability Have Poor Prognosis

    The proliferation ability of liver tumor cells varies among different patients with HCC. Therefore, based on the differences in the proliferation rate, patients with HCC can be divided into different subgroups. Herein, a total of 696 genes associated with proliferation was screened using the Hallmark gene set in MSigDB (Table S1). Based on the expression of these genes, 369 patients with HCC in TCGA were classified into different subgroups with different proliferative abilities through consensus clustering (Figure 1A). Subsequently, through consensus CDF and consistency of sample clustering, three clusters were determined as the optimal number of clusters (Figure 1B and Figure S1A–S1C). In addition, the proliferation capacity in the above three subgroups was evaluated using ssGSEA. According to their ssGSEA scores and the expression of the aforementioned proliferation-related genes, cells were allocated into the Prolifer-low, Prolifer-mid and Prolifer-high subpopulations (Figure 1C). Furthermore, the expression levels of the proliferation-related markers, proliferating cell nuclear antigen (PCNA), marker of proliferation Ki-67 (MKI67) and cyclin-dependent kinase 1, were consistent with the grouping (Figure 1D–F). The above results indicated that patients with HCC could be categorized into three subgroups with low, medium and high proliferative capacity.

    Figure 1 HCC subtypes with strong proliferative ability have poor prognosis. (A) Schematic illustration of the analytical approach. (B) Heatmap of Consensus Clustering Analysis (k=3). (C) The proliferation score, calculated by ssGSEA and (DF) the expression levels of proliferation markers PCNA, MKI67, CDK1 for three subgroups (Prolifer-low, n=131; Prolifer-mid, n=67; Prolifer-high, n=171). (GI) The Kaplan‑Meier curve shows that the Prolifer-high subgroup has a lower 5-year survival rate, while the Prolifer-low subgroup has a higher 5-year survival rate. All data are presented as the means ± SD, *p < 0.05; **p < 0.01; ***p < 0.001.

    Abbreviations: ns, not significant; ssGSEA, single sample gene set enrichment analysis; PCNA, proliferating cell nuclear antigen; MKI67, marker of proliferation Ki-67; CDK1, cyclin dependent kinase 1.

    To reveal the functional characteristics of each subgroup, the gene sets of Reactome, KEGG and wikipathway were derived from MSigDB. Then, the enriched biological processes in each subgroup were identified through GSEA. Therefore, genes in the Prolifer-high subgroup were mainly associated with proliferation, and more particularly with “DNA strand elongation” and “DNA replication” (Figure S1D). In addition, genes in the Prolifer-mid subgroup were primarily enriched in terms associated with mitochondrial assembly and protein trafficking, such as “complex III assembly” and “protein export” (Figure S1E). Finally, the key events in the Prolifer-low subgroup were mainly involved in lipid metabolism and redox-related processes, including “fatty acid metabolism” and “oxidation by cytochrome P450” (Figure S1F). Subsequently, the prognosis in the above three subgroups was evaluated. Therefore, the Profiler-high subgroup was significantly associated with poor prognosis, the Prolifer-low subgroup with good prognosis, while no significant association was obtained between the Prolifer-mid subgroup and prognosis (Figure 1G–I). The aforementioned results suggested that patients in the high proliferation subgroup could display poorer clinical treatment outcomes, and therefore more targeted treatment approaches should be developed for these patients.

    CMSS1 Is a Potential Target in HCC Patients in the Prolifer-High Subgroup

    According to the preceding results, the current study aimed to identify therapeutic targets particularly for patients in the Prolifer-high subgroup. Firstly, the association between each gene and the Prolifer-high subgroup was determined in TCGA liver tumor samples. Therefore, a total of 2,399 genes displayed a correlation value of >0.9 (Figure S2A). Subsequently, a total of 3,246 differentially expressed genes were identified to be upregulated in liver tumor samples compared with normal adjacent tissue samples. The screening criteria for the differentially expressed genes were as follows: Fold change (FC) >1.5 and adjust, pvalue <0.05 (Figure S2B). Finally, utilizing the publicly available GSE151530 single-cell dataset for HCC and following standard single-cell sequencing data analysis and marker identification, a total of 360 marker genes, that could be highly expressed in liver cells or liver tumor cells, were screened. The criteria for selecting these marker genes were the following: log2FC >0.25, pct1 >0.25 and pct2 <0.1 (Figure S2C–E). Through the above rigorous analysis, 24 target genes were identified to be strongly associated with the Profiler-high subgroup. The above target genes were particularly expressed in the liver, while they were involved in tumor progression (Figure 2A). Furthermore, the association between these target genes and HCC prognosis was evaluated through overall survival time and disease-free interval time. The results showed that CMSS1, NECAB3, CDKN2A and TMEM106C were risk factors for HCC (Figure 2B and C), with CMSS1 being less studied compared with the remaining three genes. Therefore, CMSS1 was selected as the target gene for further research. Subsequently, the association between CMSS1 expression and HCC progression was further investigated. As previously described, CMSS1 was significantly upregulated in TCGA HCC samples compared with adjacent normal tissue samples (Figure 2D). Consistent results were obtained in multiple paired public HCC datasets (Figure 2E–G). In addition, CMSS1 expression was significantly positively associated with HCC stage and grade (Figure 2H and I). In terms of fibrosis, CMSS1 was significantly upregulated in fibrotic samples compared with non-fibrotic ones, while its expression was declined in cirrhotic liver samples (Figure 2J). Finally, the Kaplan-Meier curve more clearly demonstrated the significant association between CMSS1 expression and poor prognosis (Figure 2K and L). In summary, the above results indicated that CMSS1 was highly associated with the occurrence and development of HCC.

    Figure 2 CMSS1 is a potential target for prolifer-high subgroup patients. (A) Screening for target genes that are highly correlated with the Prolifer-high subgroup, are highly expressed in tumors, and specifically expressed in hepatocytes or liver tumor cells. (B and C) Prognosis of overall survival time and disease-free interval time of 24 genes. (D) The expression of CMSS1 in TCGA HCC samples is upregulated compared to adjacent normal samples. (EG) In multiple paired public HCC datasets, CMSS1 expression was upregulated in HCC samples compared to adjacent normal samples. (H and I) The expression of CMSS1 is positively correlated with the stage and grade of HCC. (J) CMSS1 expression significantly increased only in fibrosis samples. (K and L) The Kaplan‑Meier curve show that tumor patients with high expression of CMSS1 have a lower 5-year survival rate and disease-free interval. All data are presented as the means ± SD, *p < 0.05; **p < 0.01; ***p < 0.001.

    CMSS1 Affects the Proliferation of HCC Cells

    To uncover the biological functions of CMSS1 in HCC, the expression levels of CMSS1 were detected in different HCC cell lines. The results showed that the expression levels of CMSS1 were comparable among these cell lines (Figure S3A). Therefore, the two most commonly used HCC cell lines, namely HepG2 and Huh7, were employed to construct stable CMSS1-overexpressing and CMSS1-depleted cell lines (Figure S3B–F). The CCK-8 assay showed that the CMSS1 overexpression group of HepG2 cells had higher OD values, and the cell colony formation assay indicated that the CMSS1 overexpression group had more colonies, while the CMSS1 knockdown group exhibited the opposite effect (Figure 3A–C). In addition, the Western blot results demonstrated that CMSS1 overexpression upregulated PCNA and cyclin D1 in HepG2 cells (Figure 3D). The opposite effect was observed in CMSS1-depleted HepG2 cells (Figure 3E). Consistent results were obtained in the Huh7 cell line (Figure S4A–E). These results suggested that CMSS1 overexpression could promote the proliferation of HCC cells in vitro.

    Figure 3 CMSS1 overexpression affects the proliferation of HCC cells. (A and B) CCK-8 assay showed that CMSS1 overexpression promoted proliferation capacity of HepG2 cells, whereas CMSS1 knockdown had the opposite effects. (C) Colony formation assay showed that CMSS1 overexpression promoted proliferation capacity of HepG2 cells, whereas CMSS1 knockdown had the opposite effects. (D and E) Western blot assay showed that CMSS1 overexpression promoted the proliferation-related protein (PCNA and Cyclin D1) expression of HepG2 cells, whereas CMSS1 knockdown had the opposite effects. (F) Photographs of xenograft tumors induced by subcutaneously inoculating HepG2-transfected cells into nude mice. (G) Growth curves of xenograft tumor volumes showed that CMSS1 overexpression promoted the growth of xenograft tumors in vivo. (H) Graphs of xenograft tumor weights showed that CMSS1 overexpression promoted the growth of xenograft tumors in vivo. (I) Representative H&E staining and PCNA, MKI67 immunostaining of xenograft tumors (Scale bar, 50 μm and 100 μm). All data are presented as the means ± SD, *p < 0.05; **p < 0.01; ***p < 0.001.

    Abbreviations: ns, not significant; PCNA, proliferating cell nuclear antigen; MKI67, marker of proliferation Ki-67.

    To further verify the effect of CMSS1 on tumor formation in vivo, HepG2 cells stably transfected with CMSS1 overexpression plasmid or control vector were subcutaneously injected into the right back of nude mice to establish a xenograft mouse model. Compared with the control group, tumor volume and weight were increased in the CMSS1 overexpression group (Figure 3F–H). Subsequently, the enhanced mRNA and protein expression levels of CMSS1 in the CMSS1 overexpression group compared with the control group were verified (Figure S4F and G). Furthermore, the xenograft tumor tissues were also subjected to hematoxylin and eosin (H&E) staining and IHC analysis (PCNA and MKI67; Figure 3I). And the IHC analysis showed that the CMSS1 overexpression group had a higher positive rate of PCNA and MKI67. The above findings verified that CMSS1 overexpression could promote the growth of HCC cells.

    CMSS1 Affects the Migration and Epithelial-Mesenchymal Transition (EMT) of HCC Cells

    It has been reported that poor prognosis in HCC is commonly associated with high metastatic ability.14 Therefore, herein, the role of CMSS1 in regulating the metastatic ability of HCC cells was further explored. The results of Transwell migration assays showed that CMSS1 overexpression notably promoted the metastasis of HCC cells (Figure 4A and B). Conversely, CMSS1 knockdown remarkably inhibited the metastasis of HCC cells (Figure 4C and D). To further uncover the potential mechanisms underlying the effect of CMSS1 on regulating the metastatic abilities of HCC cells, the association between CMSS1 and EMT, a process intimately associated with tumor metastasis,15,16 was assessed. The Western blot results showed that CMSS1 overexpression upregulated N-cadherin and downregulated E-cadherin, while CMSS1 knockdown had the opposite effect (Figure 4E–H). The aforementioned findings suggested that CMSS1 could regulate the metastatic ability of HCC cells via modulating EMT.

    Figure 4 CMSS1 affects the migration and EMT of HCC Cells. (A and B) Transwell migration assay showed that CMSS1 overexpression promoted the migration capacity of HepG2 and Huh7 cells (Scale bar, 100 μm). (C and D) Transwell migration assay showed that CMSS1 knockdown inhibited the migration capacity of HepG2 and Huh7 cells (Scale bar, 100 μm). (E and F) Western blot assay showed the EMT-related protein (E-cadherin and N-cadherin) expression of HepG2 and Huh7 cells with control and CMSS1 overexpression groups. (G and H) Western blot assay showed the EMT-related protein (E-cadherin and N-cadherin) expression of HepG2 and Huh7 cells with control and CMSS1 knockdown groups. All data are presented as the means ± SD, *p < 0.05; **p < 0.01; ***p < 0.001.

    Abbreviation: ns, not significant.

    CMSS1 Activates the Tumor Necrosis Factor (TNF) Signaling Pathway

    Subsequently, the current study aimed to elucidate the mechanisms underlying the effect of CMSS1 on modulating the progression of HCC. Therefore, transcriptomic sequencing was carried out on CMSS1-depleted and control Huh7 cells. CMSS1 expression was detected in the RNA sequencing results, thus indicating the successful knockdown of CMSS1 (Figure S5A). The principal component analysis showed significant intergroup differences and high intragroup consistency between the CMSS1 knockdown and control groups (Figure S5B). Subsequently, differential expression gene analysis revealed that 1,133 genes were downregulated following CMSS1 knockdown (Figure S5C). Furthermore, KEGG enrichment analysis was conducted on the above genes to identify the signaling pathways that could be inhibited after CMSS1 knockdown. The results showed that the TNF signaling pathway was most significantly inhibited (Figure 5A). In addition, the expression of major downstream genes was also significantly suppressed (Figure 5B). To verify whether CMSS1 could affect the TNF pathway, the expression levels of the TNF pathway downstream genes, TNF, CSF1, CXCL2 and CXCL5, were detected. The RT-qPCR results demonstrated that CMSS1 knockdown reduced the expression levels of these genes, while CMSS1 overexpression displayed the opposite effect (Figure S5D and E). More importantly, cell treatment with the TNF pathway inhibitor, R-7050, diminished the activation of the TNF pathway and the CMSS1 overexpression-mediated tumor promoting effects of HpeG2 and Huh7 cells (Figure 5C–H). Overall, these results indicated that CMSS1 could promote HCC proliferation and migration via modulating the TNF signaling pathway.

    Figure 5 CMSS1 activates the TNF signaling pathway. (A) KEGG enrichment analysis reveals that TNF is the most significantly inhibited signaling pathway after CMSS1 knockdown. (B) The heatmap shows that the main downstream molecules of TNF are downregulated in expression after knocking down CMSS1. (C and D) RT-qPCR showed that R-7050 (1 µM) reversed the up-regulation of TNF pathway downstream genes expression levels caused by CMSS1 overexpression in HepG2 and Huh7 cells. (E and F) CCK-8 assay showed that R-7050 (1 µM) reversed the enhanced proliferation capacity caused by CMSS1 overexpression in HepG2 and Huh7 cells. (G and H) Transwell migration assay showed that R-7050 (1 µM) reversed the enhanced migration capacity caused by CMSS1 overexpression in HepG2 and Huh7 cells. All data are presented as the means ± SD, *p < 0.05; **p < 0.01; ***p < 0.001.

    Abbreviations: ns, not significant; RT-qPCR, reverse transcription-quantitative PCR.

    CMSS1 Promotes HCC Tumorigenesis via Activating the TNF/Nuclear Factor Kappa B (NF-κB) Signaling Pathway

    Since the TNF signaling pathway is involved in regulating tumor growth via activating the NF-κB pathway in several types of malignant tumors,17–19 the current study further investigated whether CMSS1 could also promote tumor cell proliferation and metastasis via activating NF-κB signaling. The results showed that CMSS1 overexpression and silencing could activate and inhibit the NF-κB pathway, respectively (Figure 6A and B). In addition, HpeG2 and Huh7 cell treatment with the NF-κB pathway inhibitor, JSH-23, attenuated the activation of NF-κB pathway and the tumor promoting effects of cells induced by CMSS1 overexpression (Figure 6C–H). These results suggested that CMSS1 could promote HCC proliferation and migration via regulating the TNF/NF-κB signaling pathway.

    Figure 6 CMSS1 regulates the TNF/NF-κB signaling pathway. (A) Western blot assay showed the protein expression of NF-κB signaling pathway of Huh7 cells with control and CMSS1 overexpression groups. (B) Western blot assay showed the protein expression of NF-κB signaling pathway of Huh7 cells with control and CMSS1 knockdown groups. (C and D) Western blot assay showed that JSH-23 (1 µM) reversed the up-regulation of protein expression levels of NF-κB signaling pathway in HepG2 and Huh7 cells. (E and F) CCK-8 assay showed that JSH-23 (1 µM) reversed the enhanced proliferation capacity caused by CMSS1 overexpression in HepG2 and Huh7 cells. (G and H) Transwell migration assay showed that JSH-23 (1 µM) reversed the enhanced migration capacity caused by CMSS1 overexpression in HepG2 and Huh7 cells. All data are presented as the means ± SD, *p < 0.05; **p < 0.01; ***p < 0.001.

    Abbreviation: ns, not significant.

    Discussion

    To further uncover the molecular mechanisms underlying the occurrence and development of HCC, bioinformatics analysis was carried out. The analysis revealed a new molecule, CMSS1, which was significantly associated with the proliferation of HCC cells. Functional studies demonstrated that CMSS1 could promote the proliferation and migration of HCC cells both in vitro and in vivo. The results further indicated that CMSS1 could activate the downstream TNF/NF-κB pathway, which exerted tumor-promoting effects. The above results highlighted the biological function and mechanism of CMSS1 in the progression of HCC, thus enhancing our understanding of the role of CMSS1 in the pathogenesis of HCC and providing novel promising biomarkers and treatment targets for HCC.

    Normal cells divide and multiply in a stringently regulated manner. When this regulation is disrupted, cancer forms.20 Therefore, almost all tumor cells have one common feature which is associated with cell proliferation, the activation of proliferation-related genes and repression of genes associated with proliferation inhibition, thereby allowing the tumor to grow without restriction.21 In addition, it has been reported that cancer cell migration within tissues is a key process in the development of cancer.22 Therefore, when cancer progresses and metastasizes, cells can move independently or collectively and spread to other organs, thus further promoting cancer development.23 EMT serves a key role in the invasion and metastasis of cancer cells.15,16 During EMT, epithelial cells lose their polarity,while E-cadherin is downregulated, thus resulting in reduced cellular adhesion, which in turn makes it easier for cells to invade and migrate. At the same time, these cells acquire a mesenchymal phenotype, which is characterized by the enhanced expression of proteins, such as that of vimentin and N-cadherin.24 Herein, CMSS1 overexpression significantly promoted the proliferation, migration and EMT process of HCC cells, thus highlighting its significant role in the development of HCC.

    TNF is a significant cytokine, which primarily functions through two receptors, namely TNF receptor 1 (TNFR1) and TNFR2.25 The combination of TNF and TNFR1 can lead to the activation of several signaling pathways, including the NF-κB, MAPK and Jun N-terminal kinase signaling pathways, which are involved in several biological processes, such as cell proliferation, migration and apoptosis, and inflammatory reactions.26 A previous study indicated that the activation of the TNF signaling pathway was closely associated with the occurrence and development of numerous diseases, including but not limited to cancer, infectious diseases and autoimmune diseases.27 The current study demonstrated that CMSS1 promoted the proliferation and migration of HCC cells through the activation of the TNF/NF-κB pathway. However, how CMSS1 could regulate the TNF/NF-κB pathway was not investigated, which is one of the limitations of the present study. Therefore, future research should integrate the functions of CMSS1 to address this gap.

    Although there are few reports on CMSS1, it is currently considered as an RBP. RBPs are a class of highly conserved proteins that play a crucial role in the post-transcriptional regulation of gene expression. Increasing evidence has indicated that RBPs act via recognizing and binding to sequences on target transcripts through their RNA binding domains.28 RBPs are also referred to as “clothes for the mRNA”, ensuring that different mRNA regions, namely the 5′ and 3′ untranslated regions (UTRs) and the coding region, are sometimes covered or exposed, thus facilitating the translation process and the overall function of the protein.29 Regarding the TNF pathway, it has been reported that there are five types of RBPs that can directly bind to the TNFα mRNA, namely TIA-1-related protein, T cell intracellular antigen-1, human antigen R, fragile-X-related protein 1 and tristetraprolin.30 As with several other cellular factors, the 3′-UTR of the TNFα mRNA encompasses an AU-rich element (ARE), as well as a constitutive decay element.31 A previous study showed that ARE was negatively associated with mRNA stability, which could be mediated by RBPs.32 Therefore, it was hypothesized that CMSS1 could affect the expression levels of TNFα via combining with its ARE structure, thus affecting its mRNA stability. Future studies, such as RNA immunoprecipitation (RIP) assays, were necessary to experimentally validate this interaction and its functional role in the TNF pathway.

    In summary, the current study revealed the biological function of CMSS1 in the development of HCC. The results demonstrated that CMSS1 could regulate the proliferation and migration of HCC cells via modulating the TNF/NF-κB signaling pathway. Overall, the above findings suggested that CMSS1 could be a potential therapeutic target of HCC. Future studies focusing on the detailed molecular mechanisms and the development of targeted strategies against CMSS1 are warranted to translate these findings into clinical applications.

    Limitations of the Study

    Although we inferred the potential mechanism by which CMSS1 regulated the TNF pathway in the discussion, further experimental verification is still required.

    Ethics Approval and Consent to Participate

    All animal experimental protocols were approved by the Animal Care and Use Committee of the Renmin Hospital of Wuhan University and performed in accordance with the “Laboratory animal—Guideline for welfare and ethics” (GB/T 35892-2018) issued by the Standardization Administration of China.

    Funding

    This work was supported by grants from the National Natural Science Foundation of China (81970011 [to P. Z.]) and the Basic Medicine-Clinical Medicine Transformation Collaborative Fund of Zhongnan Hospital of Wuhan University (grant no.: ZNLH202211 [to P. Z.]).

    Disclosure

    The authors report no conflicts of interest in this work.

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  • HSBC’s third-quarter profit drops 14%, beats estimates

    HSBC’s third-quarter profit drops 14%, beats estimates

    Two HSBC bank logos are displayed on an office building in Mexico City, Mexico, July 25, 2025.

    Henry Romero | Reuters

    Europe’s largest lender HSBC on Tuesday beat third-quarter profit expectations on the back of revenue growth, which included a rise in the bank’s net interest income and a robust performance in its wealth segment.

    The bank’s profit before tax for the three months ended in September was $7.3 billion, down nearly 14% from a year ago due to higher operating expenses, namely from notable items, including legal provisions of $1.4 billion.

    Here are HSBC’s second-quarter 2025 results compared with consensus estimates compiled by the bank.

    • Profit before tax: $7.3 billion vs. $5.98 billion
    • Revenue: $17.8 billion vs. $17.05 billion

    The earnings come a day after the bank said it will recognize a provision of $1.1 billion in its third-quarter results following a court ruling in Luxembourg related to the Bernard Madoff investment fraud case.

    The case stems from a 2009 lawsuit by Herald Fund SPC against HSBC’s Luxembourg arm, seeking the return of securities and cash allegedly lost in the fraud.

    The court rejected the HSBC unit’s appeal on the securities restitution claim, though it accepted its challenge about the cash portion.

    HSBC said it plans to file a further appeal with the Luxembourg Court of Appeal and, if that fails, it will dispute the final amount in later proceedings.

    The bank said the $1.1 billion provision will trim its Common Equity Tier 1, or CET1, capital ratio by roughly 15 basis points. The CET1 ratio is a key indicator of a bank’s financial strength.

    —CNBC’s Lim Hui Jie contributed to this report.

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  • Sky Metals Limited’s (ASX:SKY) Shift From Loss To Profit

    Sky Metals Limited’s (ASX:SKY) Shift From Loss To Profit

    Sky Metals Limited (ASX:SKY) is possibly approaching a major achievement in its business, so we would like to shine some light on the company. Sky Metals Limited engages in the exploration and development of mineral resources in Australia. On 30 June 2025, the AU$60m market-cap company posted a loss of AU$3.2m for its most recent financial year. As path to profitability is the topic on Sky Metals’ investors mind, we’ve decided to gauge market sentiment. We’ve put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate.

    AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part – they are all under $10bn in marketcap – there is still time to get in early.

    Sky Metals is bordering on breakeven, according to some Australian Metals and Mining analysts. They anticipate the company to incur a final loss in 2027, before generating positive profits of AU$4.0m in 2028. So, the company is predicted to breakeven approximately 3 years from today. How fast will the company have to grow each year in order to reach the breakeven point by 2028? Working backwards from analyst estimates, it turns out that they expect the company to grow 88% year-on-year, on average, which signals high confidence from analysts. Should the business grow at a slower rate, it will become profitable at a later date than expected.

    ASX:SKY Earnings Per Share Growth October 28th 2025

    Given this is a high-level overview, we won’t go into details of Sky Metals’ upcoming projects, though, take into account that by and large metals and mining companies, depending on the stage of operation and metals mined, have irregular periods of cash flow. This means, large upcoming growth rates are not abnormal as the company is beginning to reap the benefits of earlier investments.

    Check out our latest analysis for Sky Metals

    One thing we’d like to point out is that Sky Metals has no debt on its balance sheet, which is rare for a loss-making metals and mining company, which usually has a high level of debt relative to its equity. This means that the company has been operating purely on its equity investment and has no debt burden. This aspect reduces the risk around investing in the loss-making company.

    There are key fundamentals of Sky Metals which are not covered in this article, but we must stress again that this is merely a basic overview. For a more comprehensive look at Sky Metals, take a look at Sky Metals’ company page on Simply Wall St. We’ve also compiled a list of pertinent aspects you should further examine:

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  • Celebrating Three Finalist Recognitions at MIPIM Asia 2025 Awards

    Celebrating Three Finalist Recognitions at MIPIM Asia 2025 Awards

    We have exciting news to share. Three of our landmark projects have been selected as finalists at the prestigious MIPIM Asia 2025 Awards, each competing in distinct categories. This recognition reflects our unwavering commitment to placemaking across Asia.


    Our Finalist Projects:

    18 Cross, SingaporeBest Urban Regeneration Project
    This transformation of the former Cross Street Exchange has created a thriving destination in Singapore’s CBD. The14,000 sqm development seamlessly merges a contemporary 15-storey Grade A office tower with heritage shophouses, achieving both Green Mark and WELL Platinum certifications. With its biophilic design, energy-efficient systems, and EV infrastructure, 18 Cross exemplifies how thoughtful regeneration can honour the past while building for the future.

    Taichung D‑ONE, TaiwanBest New Mega Development Project
    Taichung D‑ONE is a visionary 47,000 sqm transit-oriented development that weaves together landscape, architecture, and cultural identity. Positioned at a strategic transportation nexus connecting highway, metro, and high-speed rail, Taichung D‑ONE is set to become a civic-commercial landmark. Beyond its department store and conference facilities, themed zones throughout the project create a more diverse and engaging urban destination.

    Wuhan Alibaba Centre, ChinaBest Mixed-Use Project
    Our latest collaboration with Alibaba brings 450,000sqm of smart, integrated space to central China. The development features twin towers (272.5m and 173m) with a six-storey retail podium, all inspired by the traditional Kongming lock” with its intricate interlocking forms. This dynamic hub fuses talent, entrepreneurship, commerce, and lifestyle, creating versatile public spaces designed for the modern digital economy.

    Winners will be revealed at the Gala Dinner on December 4th at Rosewood Hong Kong, coinciding with the MIPIM Asia Summit on December 3rd-4th.

    We’re honoured to be recognised alongside Asia’s finest developments and look forward to celebrating this milestone with our clients, partners, and the wider community.

    Discover the full list of finalists: https://​awards​.mip​im​-asia​.com/​m​i​p​i​m​a​s​i​a​a​w​a​r​d​s​2​0​2​5​/​e​n​/​p​a​g​e​/​s​h​o​r​t​l​i​s​t​e​d​-​w​i​n​n​e​r​s​-2025

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  • Middle Eastern Dividend Stocks Featuring Gulf Medical Projects Company (PJSC) And Two More

    Middle Eastern Dividend Stocks Featuring Gulf Medical Projects Company (PJSC) And Two More

    As Gulf markets navigate mixed performances amid easing U.S.-China trade tensions and tepid earnings, investors are closely watching the impacts on regional indices. In this environment, dividend stocks can offer a measure of stability and income potential, making them an attractive option for those seeking to balance risk with steady returns.

    Name

    Dividend Yield

    Dividend Rating

    Turkiye Garanti Bankasi (IBSE:GARAN)

    3.41%

    ★★★★★☆

    Saudi Telecom (SASE:7010)

    9.39%

    ★★★★★☆

    Saudi Awwal Bank (SASE:1060)

    6.23%

    ★★★★★☆

    Riyad Bank (SASE:1010)

    6.52%

    ★★★★★☆

    National General Insurance (P.J.S.C.) (DFM:NGI)

    7.54%

    ★★★★★☆

    National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK)

    6.41%

    ★★★★★☆

    Emaar Properties PJSC (DFM:EMAAR)

    6.94%

    ★★★★★☆

    Computer Direct Group (TASE:CMDR)

    8.09%

    ★★★★★☆

    Commercial Bank of Dubai PSC (DFM:CBD)

    5.34%

    ★★★★★☆

    Banque Saudi Fransi (SASE:1050)

    6.18%

    ★★★★★☆

    Click here to see the full list of 68 stocks from our Top Middle Eastern Dividend Stocks screener.

    We’re going to check out a few of the best picks from our screener tool.

    Simply Wall St Dividend Rating: ★★★★☆☆

    Overview: Gulf Medical Projects Company (PJSC) operates hospitals in the United Arab Emirates and has a market cap of AED 1.44 billion.

    Operations: Gulf Medical Projects Company (PJSC) generates revenue primarily from Health Services & Others, amounting to AED 711.55 million, and Investments, contributing AED 50.66 million.

    Dividend Yield: 7.3%

    Gulf Medical Projects Company offers a high dividend yield of 7.28%, placing it among the top 25% in the AE market. However, its dividends are not well covered by earnings, with a payout ratio of 106.2%. Despite recent earnings growth and cash flow coverage at an 84.6% cash payout ratio, dividend payments have been volatile over the past decade. The stock trades significantly below its estimated fair value but has experienced high price volatility recently.

    ADX:GMPC Dividend History as at Oct 2025

    Simply Wall St Dividend Rating: ★★★★☆☆

    Overview: Delek Group Ltd. is an energy company involved in the exploration, development, production, and marketing of oil and gas both in Israel and internationally, with a market cap of ₪15.12 billion.

    Operations: Delek Group’s revenue segments include the development and production of oil and gas assets in the North Sea, generating ₪9.45 billion, and oil and gas exploration and production in Israel and its surroundings, contributing ₪3.36 billion.

    Dividend Yield: 6.2%

    Delek Group’s dividend yield of 6.22% ranks in the top 25% of the IL market, yet its dividends are unreliable and volatile over the past decade. Despite a low cash payout ratio of 26.1%, indicating coverage by cash flows, earnings do not cover dividends due to a high payout ratio of 107.5%. The company’s net income has declined despite increased sales, and it faces significant debt levels while trading below estimated fair value.

    TASE:DLEKG Dividend History as at Oct 2025
    TASE:DLEKG Dividend History as at Oct 2025

    Simply Wall St Dividend Rating: ★★★★☆☆

    Overview: I.D.I. Insurance Company Ltd. offers a range of insurance products and services to both individual and corporate clients in Israel, with a market cap of ₪2.88 billion.

    Operations: I.D.I. Insurance Company Ltd. generates its revenue through the provision of diverse insurance products and services to both individual and corporate clients in Israel.

    Dividend Yield: 6.7%

    I.D.I. Insurance’s dividend yield of 6.74% is among the top 25% in the IL market, but its dividends have been volatile and unreliable over the past decade. The low payout ratio of 35.3% suggests earnings cover dividends, yet a high cash payout ratio of 264.1% indicates insufficient cash flow coverage. Despite recent earnings growth—net income rose to ILS 94.62 million for Q2—the dividend sustainability remains questionable due to these financial constraints.

    TASE:IDIN Dividend History as at Oct 2025
    TASE:IDIN Dividend History as at Oct 2025

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include ADX:GMPC TASE:DLEKG and TASE:IDIN.

    This article was originally published by Simply Wall St.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • MSCI’s Eye on Low-Free-Float Indonesian Stocks May Spur Outflows

    MSCI’s Eye on Low-Free-Float Indonesian Stocks May Spur Outflows

    Indonesian stocks may suffer outflows, according to Citigroup Inc., as MSCI Inc. flags potential changes to its index weightings for companies with certain shareholding structures.

    The benchmark Jakarta Composite Index fell 1.9% on Monday and fluctuated on Tuesday, after the index provider sought feedback on how to estimate the free float of Indonesian securities, or the portion of shares available for trading in the open market. The change might reduce some companies’ weightings in key MSCI indexes.

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  • Stock Rally Cools in Asia, Copper Nears Record: Markets Wrap

    Stock Rally Cools in Asia, Copper Nears Record: Markets Wrap

    (Bloomberg) — The record-setting advance in global equities took a breather in Asian trading, as investors braced for a flurry of earnings from megacap technology companies and policy announcements from major central banks this week.

    MSCI’s Asia Pacific gauge dipped 0.1% as indexes in Japan and South Korea retreated from their all-time highs. An index in Shanghai broke above the psychological barrier of 4,000 for the first time in a decade. The moves came after US indexes had closed at all-time highs as Chinese and US trade negotiators lined up an array of diplomatic wins for Donald Trump and Xi Jinping to unveil at a summit this week.

    “What we’re hoping is for some agreement with hard numbers,” Lorraine Tan, director of equity research for Asia at Morningstar, said in a Bloomberg TV interview. “We’re still going to be skeptical in effect that we do expect heightened risks from tariffs and geopolitics — there is no escape from that.”

    Easing trade tensions have helped fuel a stock rally, while US companies have so far emerged largely unscathed by tariffs, protecting margins through price increases and cost cuts. That optimism faces a reality check this week as investors look to the Federal Reserve meeting for clues on the path of rate cuts, while major technology firms including Amazon.com Inc. and Microsoft Corp. reveal whether earnings momentum can be sustained.

    On Wednesday and Thursday, five firms that account for about a quarter of the US benchmark — Microsoft Corp., Alphabet Inc., Meta Platforms Inc., Amazon.com and Apple Inc. — will report results. A gauge of the “Magnificent Seven” megacaps jumped 2.6% on Monday.

    “With the Fed on track to cut rates, extending the run would appear to hinge on this week’s lineup of high-profile earnings releases,” said Chris Larkin at E*Trade from Morgan Stanley.

    In other corners of the market, the yuan climbed to its strongest level in nearly a year, amid optimism over a potential China-US trade deal. A gauge of the dollar edged lower for a second day, while Treasuries were little changed. Gold held just below $4,000 an ounce as progress in trade talks sapped demand for haven assets.

    The yen advanced to 152.24 a dollar Tuesday, outperforming its Group-of-10 peers, as markets welcomed supportive remarks from Japanese officials and cheered the outcome of a high-profile meeting between US and Japanese leaders in Tokyo.

    What Bloomberg strategists say…

    FX traders are reading it to be a reminder that the US administration would prefer a softer dollar. However, the Bank of Japan still needs to do their part this week and set up a rate hike for December. Otherwise USD/JPY could flip back to the 153 area, or higher.

    — Mark Cranfield, Markets Live strategist. Click here for the full analysis.

    Copper — a bellwether for global growth — advanced and traded roughly $60 shy of a record set last year as investors assessed the cooling of trade tensions between the US and China.

    Technology stocks were in focus after Amazon.com planned to cut as many as 30,000 jobs, Reuters reported. Earlier, Qualcomm Inc. shares rose to their highest price in 15 months after unveiling chips and computers for the lucrative AI data center market, aiming to challenge Nvidia Corp. in the fastest-growing part of the industry.

    On trade, Trump told reporters on Monday that “I really feel good” about a deal with China, after officials unveiled a slew of agreements to ease tensions.

    While markets cheered the latest developments, some analysts cautioned the deal now teed up for Trump and Xi to sign in South Korea ignored thorny issues.

    Fundamental fights over national security appeared untouched, they said, along with Trump’s stated core mission of rebalancing trade. Making that harder, Chinese investment into America remains heavily restricted.

    “While these developments have lifted market spirits, analysts remain skeptical that the underlying issues — such as national security and tech competition — will be fully resolved,” said Fawad Razaqzada at City Index and Forex.com. “Nevertheless, traders have embraced the risk-on mood.”

    Meanwhile, Trump hailed the US’s alliance with Japan, reaffirming ties with a longstanding partner and praising new Prime Minister Sanae Takaichi on her plans to ratchet up defense spending as the pair met in Tokyo. Trump and Takaichi signed a framework on critical minerals.

    Takaichi is navigating implementation of a trade deal brokered under her predecessor that includes a nebulous pledge for Japan to fund $550 billion in US projects.

    Corporate News:

    Domino’s Pizza Enterprises Ltd. shares fell after the fast-food chain said it hasn’t received any takeover offer from buyout firm Bain Capital, refuting an earlier report that sent the stock surging. Nidec Corp. shares tumbled as much as their daily limit of 19% on Tuesday as the company was set to be removed from the Nikkei 225 Stock Average and was flagged for special oversight by the Tokyo Stock Exchange. CSL Ltd. plunged to the lowest in almost seven years after Australia’s biggest drugmaker postponed plans to spin off its vaccines business, as falling US flu immunizations deepen concern over a slowdown in its Seqirus unit. HSBC Holdings Ltd. reported third-quarter revenue that beat estimates, driven by its key wealth businesses, even as a $1.1 billion provision tied to the Bernard Madoff fraud cases weighed on earnings. Some of the main moves in markets:

    Stocks

    S&P 500 futures were unchanged as of 1:06 p.m. Tokyo time Nikkei 225 futures (OSE) fell 0.2% Japan’s Topix fell 0.6% Australia’s S&P/ASX 200 fell 0.3% Hong Kong’s Hang Seng was little changed The Shanghai Composite rose 0.2% Euro Stoxx 50 futures fell 0.2% Currencies

    The Bloomberg Dollar Spot Index fell 0.1% The euro rose 0.1% to $1.1661 The Japanese yen rose 0.4% to 152.26 per dollar The offshore yuan rose 0.2% to 7.0967 per dollar The Australian dollar was little changed at $0.6562 Cryptocurrencies

    Bitcoin fell 0.5% to $113,860.86 Ether fell 0.9% to $4,092.4 Bonds

    The yield on 10-year Treasuries was little changed at 3.98% Japan’s 10-year yield declined 1.5 basis points to 1.650% Australia’s 10-year yield declined two basis points to 4.17% Commodities

    West Texas Intermediate crude fell 0.1% to $61.24 a barrel Spot gold rose 0.1% to $3,987.86 an ounce This story was produced with the assistance of Bloomberg Automation.

    –With assistance from Alex Gabriel Simon.

    ©2025 Bloomberg L.P.

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