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  • Cytokinetics Presents New Data Related to Aficamten at the European Society of Cardiology Congress 2025

    Cytokinetics Presents New Data Related to Aficamten at the European Society of Cardiology Congress 2025

    Cytokinetics, Incorporated

    Additional Data from MAPLE-HCM Shows Aficamten Improves Cardiac Structure and Function Compared to Metoprolol; Simultaneous Publication in the Journal of the American College of Cardiology

    New Analysis Shows Annual Incidence Rate of Atrial Fibrillation with Aficamten is 1.5%, Consistent with Expected Rates in Prediction Model of Patients with HCM; Simultaneous Publication in Heart Rhythm

    Longer-Term Data Presented Consistent with Previously Reported Safety Profile of Aficamten

    Company to Host Investor Event and Webcast Tuesday September 2, 2025, at 8:30 AM Eastern Time

    SOUTH SAN FRANCISCO, Calif., Aug. 31, 2025 (GLOBE NEWSWIRE) — Cytokinetics, Incorporated (Nasdaq: CYTK) today announced that additional data related to aficamten were presented at the European Society of Cardiology Congress 2025 in Madrid, Spain, including a pre-specified analysis of the effect of aficamten on cardiac structure and function from MAPLE-HCM (Metoprolol vs Aficamten in Patients with LVOT Obstruction on Exercise Capacity in HCM), which was simultaneously published in the Journal of the American College of Cardiology1, as well as a Late Breaking Clinical Science presentation related to the incidence and impact of atrial fibrillation (AF) associated with aficamten, which was simultaneously published in Heart Rhythm.2

    “The echocardiographic results from MAPLE-HCM elaborate on the superiority of aficamten compared to the current standard-of-care metoprolol as was previously reported in the primary efficacy analyses,” said Fady I. Malik, M.D., Ph.D., Cytokinetics’ Executive Vice President of Research & Development. “The additional data presented at the ESC Congress 2025 continue to strengthen the evidence base supporting the overall safety profile of aficamten, including as has been observed with a real-world dosing strategy.”

    Aficamten is an investigational drug candidate currently under regulatory review in the U.S.; the Food and Drug Administration (FDA) is reviewing a New Drug Application (NDA) for aficamten with a Prescription Drug User Fee Act (PDUFA) target action date of December 26, 2025.

    Additional Analysis from MAPLE-HCM Assesses Effect of Aficamten Compared to Metoprolol on Cardiac Structure and Function

    Dr. Sheila Hegde, M.D., M.P.H., Assistant Professor, UT Southwestern Medical Center, Dallas, TX, Affiliate Faculty, Brigham and Women’s Hospital, Boston, MA, presented a pre-specified echocardiographic analysis assessing the effect of treatment with aficamten relative to metoprolol on cardiac structure and function from MAPLE-HCM.

    In addition to primary results of MAPLE-HCM presented by Dr. Garcia Pavia at the European Society of Cardiology Congress 2025, aficamten was also shown to be superior to metoprolol at improving measures of diastolic function and reducing the likelihood of mitral valve systolic anterior motion (SAM) and mitral valve leaflet-septal contact, the primary contributor to left ventricular outflow tract (LVOT) obstruction (Figure 1) (all p<0.001). There was a significant decrease in maximal wall thickness in patients treated with aficamten compared to those treated with metoprolol (treatment corrected difference = -1.01 mm [95% CI -1.8 to -0.2, p=0.015]) although the reduction in left ventricular mass index (LVMI) was not significantly different comparing aficamten to metoprolol. One (1.1%) patient treated with aficamten experienced transient left ventricular ejection fraction (LVEF) <50% without heart failure or treatment interruption. These data were simultaneously published in the Journal of the American College of Cardiology.1

    MAPLE-HCM Echo Figure 1
    MAPLE-HCM Echo Figure 1

    Long-Term Treatment with Aficamten Does Not Appear to Increase Risk of Atrial Fibrillation in Patients with Obstructive Hypertrophic Cardiomyopathy

    Ahmad Masri, M.D., MS, Director of the Hypertrophic Cardiomyopathy Center at Oregon Health & Science University, presented a new analysis of the incidence and impact of AF in patients with obstructive hypertrophic cardiomyopathy (oHCM) in a Late Breaking Clinical Science Session outlining the experience of patients treated with aficamten in the open-label study, FOREST-HCM (Follow-up, Open-Label, Research Evaluation of Sustained Treatment with Aficamten in HCM). These results were also simultaneously published in Heart Rhythm.2

    Among 173 patients followed for ≥48 weeks, 136 had no history of AF at baseline. Four (2.9%) patients developed new-onset AF during follow-up, with an incidence rate of 1.5% per year. This rate is consistent with expected rates from validated prediction models in patients with HCM, the HCM-AF (3.6% per year) and in healthy individuals, CHARGE-AF (1.4% per year). Importantly, the clinical impact of new AF was minimal, with one patient experiencing LVEF <50% at the time of the arrhythmia event, and none experiencing heart failure. In three of these patients, sinus rhythm was restored without the need for antiarrhythmic medications or an atrial fibrillation ablation procedure. One asymptomatic patient did not undergo an attempt to restore normal sinus rhythm. Of the 37 patients with history of AF at baseline, 10 experienced recurrent AF episodes (27.0%), none of which were associated with LVEF <50% or heart failure. In patients experiencing AF, the improvement in symptoms and hemodynamics, and the safety profile of aficamten was no different than the overall cohort studied. Consequently, the authors concluded that long-term treatment with aficamten did not appear to increase the risk for AF, nor did the presence of AF negatively impact clinical outcomes.

    New Data from FOREST-HCM on the Longer-Term Safety and Efficacy of Treatment with Aficamten Consistent with Previous Reports

    Sara Saberi, M.D., M.S., Associate Professor of Internal Medicine, University of Michigan Health Frankel Cardiovascular Center, presented new data related to the safety and long-term use of aficamten in FOREST-HCM.

    FOREST-HCM, the open-label extension clinical study, enrolled 296 patients with oHCM from May 28, 2021, through the data cutoff of August 31, 2024. The total cumulative exposure to aficamten was 352 patient-years over a mean follow-up of 62 weeks and maximum follow-up of 170 weeks. Consistent with previously presented data from FOREST-HCM, this updated data set demonstrates that long-term treatment with aficamten is associated with early and sustained hemodynamic and clinical benefits, along with a low incidence of new-onset AF and LVEF <50%.

    Treatment with aficamten resulted in a significant reduction from baseline in site-read Valsalva LVOT-G by Week 12 (resting LVOT-G = -40 mmHg [-42, -39] and Valsalva LVOT-G = -56 mmHg [95% CI -58, -52]; p<0.0001 for both), which was sustained through treatment up to three years with minimal reduction in mean LVEF.

    Long-term treatment with aficamten was also associated with reduced symptom burden. At Week 12 (n= 283) and Week 96 (n=44), 69% and 93% of patients, respectively, reported ≥1 New York Heart Association (NYHA) Functional Class improvement from baseline. Patients also experienced a mean increase in the Kansas City Cardiomyopathy Questionnaire Clinical Summary Score (KCCQ-CSS) of 15 and 16 points (p<0.0001), at each time point respectively. Significant improvements from baseline were also observed in NT-proBNP, a biomarker of cardiac wall stress and high-sensitivity cardiac troponin I (both p<0.0001).

    One patient (0.3%) terminated treatment due to a treatment emergent adverse event of ischemic colitis, determined not to be related to the treatment with aficamten. Dose down-titration occurred in 10 (3.4%) patients based on site-read LVEF <50%. None of the site-read instances of LVEF <50% were corroborated by the core lab, and none were associated with a serious event of heart failure. New-onset AF occurred in 3 (1%) patients.

    Updated Integrated Safety Analysis, Including MAPLE-HCM, Provides Additional Evidence on the Safety and Tolerability of Aficamten in oHCM

    A new integrated safety analysis from three clinical trials of aficamten presented by Dr. Masri provided additional safety and tolerability evidence. The analysis included data from the Phase 2 clinical trial, REDWOOD-HCM, two Phase 3 clinical trials, SEQUOIA-HCM and MAPLE-HCM, and the open-label extension clinical study, FOREST-HCM.

    In this integrated safety analysis of 463 participants with oHCM and almost 700 patient-years of exposure, aficamten was shown to be well-tolerated and had an adverse event profile similar to placebo. There remains a low incidence of LVEF <50% over extended exposure, with no occurrences associated with a serious event of heart failure. A low incidence of new-onset atrial fibrillation (1.9%) was observed with aficamten, at a rate comparable to placebo (2%) and metoprolol (3.4%). There were no permanent discontinuations related to treatment with aficamten.

    Investor Webcast Information

    Cytokinetics will host an investor webcast on September 2, 2025, at 8:30 AM Eastern Time to discuss the primary results from MAPLE-HCM and other data presented at the European Society of Cardiology Congress 2025. Interested parties can register online at https://cytokinetics-esc-2025.open-exchange.net/. The live webcast will be available on the Investors & Media section of the Cytokinetics website at www.cytokinetics.com. A replay of the webcast will be archived on the Cytokinetics website for six months.

    About Aficamten

    Aficamten is an investigational selective, small molecule cardiac myosin inhibitor discovered following an extensive chemical optimization program that was conducted with careful attention to therapeutic index and pharmacokinetic properties.3 Aficamten was designed to reduce the number of active actin-myosin cross bridges during each cardiac cycle and consequently suppress the myocardial hypercontractility that is associated with HCM. In preclinical models, aficamten reduced myocardial contractility by binding directly to cardiac myosin at a distinct and selective allosteric binding site, thereby preventing myosin from entering a force producing state.

    The development program for aficamten is assessing its potential as a treatment that improves exercise capacity as measured by peak oxygen uptake (pVO2) and relieves symptoms in patients with HCM. Aficamten was evaluated in SEQUOIA-HCM, a positive pivotal Phase 3 clinical trial in patients symptomatic obstructive hypertrophic cardiomyopathy (HCM). Aficamten received Breakthrough Therapy Designation for the treatment of symptomatic HCM from the U.S. Food & Drug Administration (FDA) and for the treatment of symptomatic obstructive HCM from the National Medical Products Administration (NMPA) in China.

    Aficamten is also currently being evaluated in ACACIA-HCM, a Phase 3 clinical trial of aficamten in patients with non-obstructive HCM; CEDAR-HCM, a clinical trial of aficamten in a pediatric population with oHCM; and FOREST-HCM, an open-label extension clinical study of aficamten in patients with HCM.

    This communication contains a summary of new data related to the clinical development of aficamten presented at the European Society of Cardiology 2025 Congress. Aficamten is an investigational drug and is not approved by any regulatory agency. Its safety and efficacy have not been established. Aficamten is currently under regulatory review in the U.S., where the FDA is reviewing a New Drug Application (NDA) for aficamten with a Prescription Drug User Fee Act (PDUFA) target action date of December 26, 2025. Additionally, the European Medicines Agency (EMA) is reviewing a Marketing Authorization Application (MAA) for aficamten, and The Center for Drug Evaluation (CDE) of the China National Medical Products Administration (NMPA) is reviewing an NDA for aficamten with Priority Review.

    About Hypertrophic Cardiomyopathy

    Hypertrophic cardiomyopathy (HCM) is a disease in which the heart muscle (myocardium) becomes abnormally thick (hypertrophied). The thickening of cardiac muscle leads to the inside of the left ventricle becoming smaller and stiffer, and thus the ventricle becomes less able to relax and fill with blood. This ultimately limits the heart’s pumping function, resulting in reduced exercise capacity and symptoms including chest pain, dizziness, shortness of breath, or fainting during physical activity. HCM is the most common monogenic inherited cardiovascular disorder, with approximately 280,000 patients diagnosed, however, there are an estimated 400,000-800,000 additional patients who remain undiagnosed in the U.S.4,5,6 Two-thirds of patients with HCM have obstructive HCM (oHCM), where the thickening of the cardiac muscle leads to left ventricular outflow tract (LVOT) obstruction, while one-third have non-obstructive HCM (nHCM), where blood flow isn’t impacted, but the heart muscle is still thickened. People with HCM are at high risk of also developing cardiovascular complications including atrial fibrillation, stroke and mitral valve disease.7 People with HCM are at risk for potentially fatal ventricular arrhythmias and it is one of the leading causes of sudden cardiac death in younger people or athletes.8 A subset of patients with HCM are at high risk of progressive disease leading to dilated cardiomyopathy and heart failure necessitating cardiac transplantation.

    About Cytokinetics

    Cytokinetics is a specialty cardiovascular biopharmaceutical company, building on its over 25 years of pioneering scientific innovations in muscle biology, and advancing a pipeline of potential new medicines for patients suffering from diseases of cardiac muscle dysfunction. Cytokinetics is readying for potential regulatory approvals and commercialization of aficamten, a cardiac myosin inhibitor, following positive results from SEQUOIA-HCM, the pivotal Phase 3 clinical trial in patients with obstructive hypertrophic cardiomyopathy (HCM). Aficamten is also being evaluated in additional clinical trials enrolling patients with obstructive and non-obstructive HCM. In addition, Cytokinetics is developing omecamtiv mecarbil, a cardiac myosin activator, in patients with heart failure with severely reduced ejection fraction (HFrEF), ulacamten, a cardiac myosin inhibitor with a mechanism of action distinct from aficamten, for the potential treatment of heart failure with preserved ejection fraction (HFpEF) and CK-089, a fast skeletal muscle troponin activator with potential therapeutic application to a specific type of muscular dystrophy and other conditions of impaired skeletal muscle function.

    For additional information about Cytokinetics, visit www.cytokinetics.com and follow us on X, LinkedIn, Facebook and YouTube.

    Forward-Looking Statements

    This press release contains forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the “Act”). Cytokinetics disclaims any intent or obligation to update these forward-looking statements and claims the protection of the Act’s Safe Harbor for forward-looking statements. Examples of such statements include, but are not limited to, statements relating to any of our clinical trials, statements relating to the potential benefits of aficamten or any of our other drug candidates, or our ability to obtain regulatory approval for aficamten in any jurisdiction by any particular date, if ever. Cytokinetics’ research and development activities; the design, timing, results, significance and utility of preclinical and clinical results; and the properties and potential benefits of Cytokinetics’ other drug candidates. Such statements are based on management’s current expectations, but actual results may differ materially due to various risks and uncertainties, including, but not limited to, potential difficulties or delays in the development, testing, regulatory approvals for trial commencement, progression or product sale or manufacturing, or production of Cytokinetics’ drug candidates that could slow or prevent clinical development or product approval; Cytokinetics’ drug candidates may have adverse side effects or inadequate therapeutic efficacy; the FDA or foreign regulatory agencies may delay or limit Cytokinetics’ ability to conduct clinical trials; Cytokinetics may be unable to obtain or maintain patent or trade secret protection for its intellectual property; standards of care may change, rendering Cytokinetics’ drug candidates obsolete; and competitive products or alternative therapies may be developed by others for the treatment of indications Cytokinetics’ drug candidates and potential drug candidates may target. For further information regarding these and other risks related to Cytokinetics’ business, investors should consult Cytokinetics’ filings with the Securities and Exchange Commission.

    CYTOKINETICS® and the CYTOKINETICS and C-shaped logo are registered trademarks of Cytokinetics in the U.S. and certain other countries.

    Contact:
    Cytokinetics
    Diane Weiser
    Senior Vice President, Corporate Affairs
    (415) 290-7757

    References:

    1. Hegde, SM. Effect of Aficamten Compared with Metoprolol on Echocardiographic Measures in Symptomatic Obstructive Hypertrophic Cardiomyopathy: MAPLE-HCM. JACC. 2025. DOI: https://www.jacc.org/doi/10.1016/j.jacc.2025.08.022.

    2. Rowin, EJ, et al. Low Incidence of Atrial Fibrillation in Patients with Obstructive HCM Treated with Aficamten: An Analysis from the REDWOOD-HCM, SEQUOIA-HCM and FOREST-HCM Trials. Heart Rhythm. 2025.

    3. Chuang C, Collibee S, Ashcraft L, et al. Discovery of Aficamten (CK-274), a Next-Generation Cardiac Myosin Inhibitor for the Treatment of Hypertrophic Cardiomyopathy. J Med Chem. 2021;64(19):14142–14152. https://doi.org/10.1021/acs.jmedchem.1c01290

    4. CVrg: Heart Failure 2020-2029, p 44; Maron et al. 2013 DOI: 10.1016/S0140-6736(12)60397-3; Maron et al 2018 10.1056/NEJMra1710575

    5. Symphony Health 2016-2021 Patient Claims Data DoF;

    6. Maron MS, Hellawell JL, Lucove JC, Farzaneh-Far R, Olivotto I. Occurrence of Clinically Diagnosed Hypertrophic Cardiomyopathy in the United States. Am J Cardiol. 2016; 15;117(10):1651-1654.

    7. Gersh, B.J., Maron, B.J., Bonow, R.O., Dearani, J.A., Fifer, M.A., Link, M.S., et al. 2011 ACCF/AHA guidelines for the diagnosis and treatment of hypertrophic cardiomyopathy. A report of the American College of Cardiology Foundation/American Heart Association Task Force on practice guidelines. Journal of the American College of Cardiology and Circulation, 58, e212-260.

    8. Hong Y, Su WW, Li X. Risk factors of sudden cardiac death in hypertrophic cardiomyopathy. Current Opinion in Cardiology. 2022 Jan 1;37(1):15-21

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/295e0d2b-533f-4f00-be6f-2b035a16d416

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  • Introducing the Haval H6 PHEV – SAZGAR & GWM’s Latest Plug In Hybrid Vehicle

    Introducing the Haval H6 PHEV – SAZGAR & GWM’s Latest Plug In Hybrid Vehicle

    Great Wall Motors (GWM) and SAZGAR Engineering Works have continued to transform Pakistan’s automotive market since their partnership began in 2021. With successful models such as the Haval H6 and Jolion, and milestones including the country’s first electric rickshaw and hybrid SUV, SAZGAR has steadily advanced the adoption of new energy vehicles. The latest achievement is the launch of the Haval H6 Plug-in Hybrid Electric Vehicle (PHEV), marking a new era in Pakistan’s journey towards sustainable mobility.

    The launch took place on August 16th at Lahore’s Expo Centre, where the H6 PHEV was revealed in a high-profile event that reflected both style and substance. The evening featured a striking presentation and futuristic atmosphere, while also underlining a central message: Pakistan’s auto industry is prepared to embrace cleaner, more efficient technologies.

    Commitment to Customers and Sustainability

    SAZGAR has consistently positioned itself as more than an automotive manufacturer. By extending support such as post-hailstorm relief packages and absorbing new NEV levies, the company has demonstrated a genuine commitment to customer trust and welfare. This philosophy was reinforced at the launch event, too.

    Director Marketing Mian Ammar Hameed emphasized the company’s collaborative and people-focused culture, while CEO Mian Asad Hameed reiterated SAZGAR’s long-term mission of delivering reliable products and contributing to a greener Pakistan. Deputy General Manager Abuzer Butt introduced the H6 PHEV’s capabilities, highlighting its Hi-4 all-wheel drive system, mobile app integration, and a powertrain that generates 360 horsepower and 760Nm of torque, accelerating from zero to 100 km/h in just 4.8 seconds!

    National Assembly Speaker Sardar Ayaz Sadiq, who attended as chief guest, commended SAZGAR for introducing advanced, environmentally conscious vehicles to Pakistan. He reiterated the importance of such innovation as the nation faces climate change challenges and stressed the role of strong after-sales services in building customer confidence.

    Key Highlights of the H6 PHEV

    • 360 HP and 760Nm torque from a 1.5T engine combined with a 19kWh battery
      • 100km pure electric range with over 1000km combined range
      • Rapid charging from 30 percent to 50 percent in under 30 minutes
      • Hi-4 all-wheel drive system ensuring control on every terrain
      • Zero to 100 km/h in 4.8 seconds
      • Smart features including upgraded infotainment, D-shaped steering wheel, mobile app control, and 3.3Kw external power output

    Watch the spectacular, one-of-a-kind reveal sequence below!



    Locally assembled at SAZGAR’s state-of-the-art plant in Lahore, the H6 PHEV reflects a balance of performance, technology, and environmental responsibility. It is not only a big addition to the SUV market in Pakistan but also a step forward in addressing Pakistan’s sustainability goals.

    Shaping the Future of New Energy Vehicles

    The launch concluded with a preview of forthcoming models including the GWM Tank 500 HEV and Cannon Alpha PHEV. These introductions reflect SAZGAR’s ambition to build the most comprehensive new energy vehicle lineup in Pakistan. With seven models and counting, SAZGAR offers the country’s largest NEV range.




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  • The Best Dressed Stars of the Week Dialed Up the Drama

    The Best Dressed Stars of the Week Dialed Up the Drama

    If bold red carpet fashions have a place to shine, it would certainly be during this month: The 2025 Venice Film Festival is currently underway, for one, and some of the biggest Hollywood blockbusters and premieres are happen during the summertime, too. This week, there was tons of celebrity style to take in as a result: The best dressed stars of the week were those who dialed up the drama on the step and repeat, taking refreshing risks that were a departure from your standard gowns and too-safe suits.

    In Italy, highlights included After the Hunt star Ayo Edebiri, who transformed into a full-on Chanel girl in a custom red strapless gown. It was very Old Hollywood, for a New Hollywood star. (It was her first Venice festival, no less.) At the premiere of Jay Kelly, Amal Clooney went vintage in a magenta Jean-Louis Scherrer strapless gown from fall 1995. The wind that floated her cascading train elegantly behind her? A paid actor, for sure.

    But it wasn’t just Venice that served up the outré designs. In New York, Jenna Ortega continued her slew of edgy-chic looks while promoting season two of Wednesday. Her latest was a body-skimming GapStudio gown with shreds, twists, and back cutouts. At the premiere of Caught Stealing, Zoe Kravitz and Austin Butler both continued their streak of rock-and-roll fashions—he in a leather Givenchy suit, and she in an ab-bearing Saint Laurent top and skirt. Co-stars who match each other’s fashion energies? Always twice as nice.

    Which were your favorite celebrity looks this week? Vote below, and check back on Friday to see who Vogue readers crowned best dressed.

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  • Nearly 2 million displaced in floods, poorest families most affected: Musadik Malik

    Nearly 2 million displaced in floods, poorest families most affected: Musadik Malik

    Federal Minister for Climate Change Musadik Malik said on Sunday that nearly two million people have been displaced across Pakistan due to devastating floods, warning that the brunt of the crisis is falling on the country’s poorest families.
     
    “Our first, second, and third priority is the poorest 40 percent—around 800,000 people—who do not have wealthy relatives to rely on and are in dire need of aid,” Malik told media.
     
    Flanked by National Disaster Management Authority (NDMA) Chairman Lieutenant General Inam Haider Malik, the Climate Minister urged the nation to stand with the poor. “If there is any NGO in your area or if you personally can help a displaced family, please do so,” he emphasized.
     
    The government, he said, is prioritizing urgent relief measures including the distribution of food, medicines, mosquito nets, clean drinking water, water tanks, and temporary electricity supplies to flood-hit communities.
     
    Authorities are also on high alert for the spread of epidemics in crowded makeshift camps.
     
    Malik emphasized that Prime Minister Shehbaz Sharif, despite being abroad, is receiving daily briefings and issuing guidance on relief operations. The same reports, he said, are shared with the country’s military leadership, Field Marshal General Syed Asim Munir who is personally supervising the situation on the ground.
     
    “The federal government is standing shoulder to shoulder with the provinces, and the Army, Rangers, NDMA, PDMA, and Rescue 1122 are all working together,” Malik said. “No one can stop a natural disaster, but we are making every effort to mitigate its damage.”
     
    The minister noted that early simulations and community evacuation drills conducted over the past six months have helped reduce the loss of human life compared to previous disasters, even as property, crops, and livelihoods have been destroyed.
     
    Floodwaters remain a major threat at Head Trimmu, Head Panjnad, and Kot Mithan, where several rivers converge. Authorities are working to keep water flows below one million cusecs but are preparing for higher surges. Controlled breaches in uninhabited areas are planned to protect larger populations from disaster.
     
    Malik pointed to Punjab’s geography—where five rivers converge—as a challenge, warning that the Panjnad system could face flows as high as three million cusecs if conditions worsen.
     
    Beyond the immediate disaster, Malik underscored that Pakistan’s plight highlights the global climate crisis. “What we are calling climate change is a reality. Rising temperatures are melting glaciers, and this melting is causing disasters such as flash floods and blockages,” he said.
     
    He noted that Pakistan contributes less than one percent of global carbon emissions, yet bears the brunt of the consequences. “The top 8 to 10 countries in the world are responsible for 70 percent of these emissions,” he stressed.
     
    In addition to praising the efforts of provincial governments and security forces in Narowal, Sialkot, and flood-hit parts of Khyber Pakhtunkhwa, Malik urged national unity and solidarity.
     
    “Let me emphasize: no single institution can take credit for this. This responsibility belongs to Pakistan, and any relief being provided is for Pakistan,” he said. “Above all, the government stands with the poor.”


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  • Old Firm derby: ‘Dogged Rangers and powder-puff Celtic serve up derby to forget’

    Old Firm derby: ‘Dogged Rangers and powder-puff Celtic serve up derby to forget’

    Whether Martin can make it last is another question. Given their respective predicaments, it was a better point for Martin than it was for Brendan Rodgers even though it took Celtic back to the top of the table and extended their run of clean sheets to four in the league.

    Rodgers has not won an Old Firm game in his last five attempts now – and this was the most feeble effort of all. He said it himself afterwards, bemoaning the standard of his team’s attacking game, lamenting the absence of creativity while concluding that this is “not the way Celtic play.”

    Well, it is now. Celtic’s inability to create much of anything was remarkable. In the first 45 minutes they went backwards in their passing almost more often than they went forward. They had nothing out wide and nothing through the middle. They had no shot on goal, no corner and an xG – expected goals, if such things float your boat – of 0.00 in the first half. That’s quite a feat.

    It was the first time this season that a domestic team had failed to get an attempt on goal against Rangers in an opening half. In the league, Motherwell had two, Dundee had three and St Mirren had eight, In the League Cup at Ibrox, Alloa scored twice against Martin’s team.

    So Rodgers has a whole lot of work to do in clearing out the myriad of players in his squad that are not good enough while bringing in new blood. And he doesn’t have long to do it.

    Things move at a glacial pace when Celtic enter the transfer realm but if this powder-puff performance doesn’t light a fire under the backside of the hierarchy – major shareholder, Dermot Desmond, in other words – then nothing will.

    Celtic got their first shot on target after an hour and their first corner after 71 minutes. Rangers were full of fire and brimstone – Connor Barron, Mo Diomande and Mikey Moore taking the lead with Bojan Miovski offering plenty of edge on his debut – but Celtic were so flat in trying to deal with it.

    For a club that has seen the likes of Kyogo Furuhashi, Jota, Liel Abada, Nicolas Kuhn, Matt O’Riley, an in-form Daizen Maeda and others light up this fixture with their pace and their class and their goals, a frontline of Benjamin Nygren (not a winger), Maeda (not a natural centre-forward and badly out of sorts) and Michel-Ange Balikwisha (not in the city a wet week) was poor.

    As the game went on, Rodgers changed it. Now he had James Forrest, Shin Yamada and Maeda as his three. Still there was no penetration, no cohesion. Celtic finished with an xG of 0.17 in a game that had a combined xG of 0.32, the lowest stat for a game in the Scottish Premiership – and possibly any other league – since records began. Embarrassing.

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  • Long-term bonds pass pressure of higher yields on to governments – The Times

    Long-term bonds pass pressure of higher yields on to governments – The Times

    1. Long-term bonds pass pressure of higher yields on to governments  The Times
    2. Britain ‘heading towards IMF bailout’  The Telegraph
    3. Why are UK borrowing costs so high?  Financial Times
    4. Conditions ripe for fiscal crisis, gov’t must not pull the trigger  Capital Economics
    5. Reeves feels the pinch as bond yields squeeze spending room  The Observer

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  • TechCrunch Mobility: A new speed bump for EV owners and Waymo’s robotaxi fleet surpasses 2,000

    TechCrunch Mobility: A new speed bump for EV owners and Waymo’s robotaxi fleet surpasses 2,000

    Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility!

    Wow, y’all aren’t exactly bullish on EV sales in the U.S. once the federal tax credit expires. For those wondering what I am referring to: I included a poll in the last edition of TechCrunch Mobility. Yup, only email subscribers get to participate in polls.

    The question was: “What’s your prediction for EV sales over the next two quarters after the EV tax credit expires?” And about 60% of you predicted a steep decline. 

    I don’t totally disagree, although I do think some automakers will try to pass along the $7,500 federal tax credit through other price reductions for at least one quarter. Automakers with fresh EV models slated for late 2025 and 2026 may be better positioned than competitors. However, tariffs are also bound to shrink margins. 

    Meanwhile, there is another speed bump emerging in the EV industry in the United States as automakers transition over to Tesla’s North American Charging Standard.

    Yeah, I’m talking about dongles, aka EV charging adapters.

    Senior climate reporter Tim De Chant, who is a longtime EV owner himself, explains how some folks may soon have a trunk or frunk load of charging adapters.

    Techcrunch event

    San Francisco
    |
    October 27-29, 2025

    Take GM. The automaker began selling an adapter nearly a year ago to allow existing electric vehicles to use the North American Charging Standard plugs at Tesla Supercharger stalls. EV owners rejoiced in their newfound freedom.

    Now GM has announced three more adapters. The additional adapters, which help GM customers access EV chargers with different charging rates and standards, is a win for flexibility, but at the cost of simplicity. It’s entirely possible that two-EV households could own four different adapters. Check out the full article here. 

    One important housekeeping note: TechCrunch Mobility will NOT land in your inboxes next week. I know, I know. You’ll miss me. Same here. But I will be back the following week.

    A little bird

    Image Credits:Bryce Durbin

    It’s your lucky day — we have two little birds to share. 

    It’s been six months since Peter Rawlinson abruptly stepped down from his CEO, CTO, and board positions at Lucid Motors. His departure came at a critical time, too, as the company was on the precipice of finally launching its long-awaited Gravity SUV. Since then, Rawlinson’s CEO role has been filled on an interim basis by Marc Winterhoff, a longtime consultant at Roland Berger who came on as CFO of Lucid in 2023, as the company looks for a permanent replacement. While it’s unclear whether Lucid is close to making a decision, a little bird recently told us the search net has been cast very wide, with the company even cold-calling some candidates. In the meantime, it’s said that Winterhoff has an eye on taking the position himself.

    Meanwhile, over at Tesla

    When Elon Musk confirmed that Tesla would disband the team working on Dojo, reporters here were predictably curious about what would happen to the factory in Buffalo, New York, where the automaker was supposed to build the AI training supercomputer.

    We heard from a few little birds, and the big takeaway is that Tesla is still committed to spending $500 million on a supercomputer there.

    The company already invested about $314 million of those funds last year, according to sources who said Tesla reported this figure to the state’s economic development department. Could Buffalo be getting a rebrand to Cortex, Tesla’s other supercomputing cluster? We’re also hearing that Buffalo is keen to keep its relationship with Tesla alive and well, given that the automaker’s facility there is one of the top private employers in the city.

    Got a tip for us? Email Kirsten Korosec at kirsten.korosec@techcrunch.com or my Signal at kkorosec.07, Sean O’Kane at sean.okane@techcrunch.com

    Deals!

    money the station
    Image Credits:Bryce Durbin

    Not a lot of deals this week; blame the last weeks of summer. Here are a couple of items for you, though …

    Blue Water Autonomy, a startup developing unmanned ships for the U.S. Navy, raised $50 million in a Series A round led by GV. Eclipse Ventures, Riot, and Impatient Ventures also participated.

    Joby Aviation completed its acquisition of Blade.

    Vox AI, an Amsterdam-based startup developing a conversational voice AI platform that’s purpose-built for drive-throughs in quick-service restaurants, raised €7.5 million in seed funding.

    Notable reads and other tidbits

    Image Credits:Bryce Durbin

    Aurora Innovation said it will integrate its self-driving trucking platform into McLeod Software‘s transportation management system. The upshot: Mutual customers would be able to manage autonomous shipments with McLeod’s TMS software and that could help boost adoption.

    The Boring Company is finally testing Full Self-Driving (Supervised), the advanced driver-assistance system created by Tesla, in the tunnels that connect Las Vegas’ Convention Center to a few nearby hotels.

    The last vestige of bankrupt Fisker Inc. is gone. Henrik Fisker, the founder of failed EV startup Fisker Inc., and his wife, Geeta, quietly wound down a private charitable foundation. 

    Kodiak Robotics hired Surajit Datta as chief financial officer. Datta previously was VP of finance at SentinelOne. Remember that Kodiak will soon be a publicly traded company, which it will accomplish by merging with a special purpose acquisition company. 

    Tesla could have avoided that $242.5 million Autopilot verdict, filings show. Speaking of that trial, The Washington Post reports that a hacker helped retrieve critical crash data that was missing.

    And speaking of data, a security researcher found over a thousand publicly exposed hobby servers run by Tesla vehicle owners that are spilling sensitive data about their vehicles, including their granular location histories. Stay safe, people!

    Just days before Labor Day, California lawmakers have reached an agreement with app-based companies Lyft and Uber that will give drivers a path to unionization. 

    Uncaged Innovations, a biomaterials startup, is working with Hyundai’s Cradle division to refine its plant-based artificial leather material for automotive use. It even smells like leather — or can be made with other signature scents. 

    Waymo co-CEO Dmitri Dolgov posted on X a video of one of his company’s robotaxis navigating through the giant dust storm — known as a haboob — in Phoenix. Also, Waymo now has more than 2,000 robotaxis in its commercial fleet, the company told me. More than 800 are in the San Francisco Bay Area, 500 in Los Angeles, 400 in Phoenix, 100 in Austin, and “dozens” in Atlanta — its newest market.

    One more thing …

    The Autonocast, a podcast I co-host with Alex Roy and Ed Niedermeyer, has a new episode out. And it’s worth a listen, especially if you’re interested in the intersection of boats, autonomy, and planes. In the episode, Roy and I interview Billy Thalheimer, co-founder and CEO of Regent.

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  • AI reshaping mental healthcare through scalable, always-on support – Insurance

    AI reshaping mental healthcare through scalable, always-on support – Insurance

    As mental health needs rise globally, AI-driven tools are unlocking a new era of hybrid care, offering 24/7 access, smarter triage and seamless escalation to human clinicians.

     

    Archived articles are available to Magazine subscribers only.

    For Full Access to
    the magazine SUBSCRIBE here.

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  • Pakistan, Armenia establish diplomatic relations with Joint Communiqué in China

    Pakistan, Armenia establish diplomatic relations with Joint Communiqué in China

    In a significant step toward expanding Pakistan’s global diplomatic outreach, Deputy Prime Minister Ishaq Dar today formally exchanged a Joint Communiqué with Armenian Foreign Minister Ararat Mirzoyan, officially establishing diplomatic relations between the two countries.

    A ceremony to this effect was held in Tianjin, China.

    Marking a historic step forward, both the leaders affirmed their commitment to the principles and objectives of United Nations Charter and discussed possible avenues of cooperation including economy, education, culture, and tourism.

    The two leaders reaffirmed their desire to work closely with each other at bilateral and multilateral fora, to achieve their shared objectives of peace, progress, and prosperity for the peoples of their two countries.


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  • Analysts turn heads with Nvidia rival’s stock target after earnings

    Analysts turn heads with Nvidia rival’s stock target after earnings

    Shares of Marvell Technology  (MRVL)  dropped 18% on Aug. 29 after the artificial intelligence chipmaker’s data center revenue missed estimates and its guidance for the current quarter came in soft.

    The company reported adjusted earnings of 67 cents per share, compared with expectations of 66 cents. Revenue rose 58% to $2.01 billion, in line with estimates.

    Related: Analyst sends surprising message on AppLovin stock

    Marvell is a key competitor to Nvidia  (NVDA)  in the custom AI chip market. But its core data center segment fell short for the fiscal second quarter. Sales came in at $1.49 billion, missing Wall Street’s forecast of $1.51 billion.

    For the fiscal third quarter, Marvell projected revenue of $2.06 billion, slightly below analysts’ estimate of $2.11 billion.

    “We expect overall data center revenue in the third quarter to be flat sequentially with electro optic strength offset by lower custom revenue,” CEO Matt Murphy said on the earnings call.

    “We expect growth to be non-linear in business with the fourth quarter substantially stronger than the third,” he added.

    Marvell stock is down 43% year-to-date, while Nvidia has surged nearly 30%.Image source&colon; Marvell

    Most AI training is currently performed on Nvidia’s costly graphics-processing units, but some cloud providers are exploring alternatives due to rising costs and supply limits.

    Last December, Marvell announced a five-year partnership with Amazon Web Services  (AMZN)  to scale its Trainium AI chips and other custom computing solutions.

    Related: Veteran Nvidia analyst drops blunt 4-word message on its future

    Still, Marvell faces a steep challenge in scaling its AI business to Nvidia’s level.

    Last year, Marvell’s shares surged 83% on strong demand for its AI chips and optimism about its growth in data centers.

    But the stock tumbled sharply in March and has not made a comeback to its previous high, weighed down by tepid earnings and macro pressure.

    Marvell stock is down 43% year-to-date, while Nvidia has surged nearly 30%.

    Even Nvidia shares have stalled from their earlier momentum. The stock dropped more than 4% in the two trading days after its Aug. 27 earnings report.

    “We see limited room for further earnings upside revision or share price catalyst in the near term unless we have increasing clarity over upside in 2026 cloud service provider capex expectations,” HSBC analyst Frank Lee wrote in a recent note, according to CNBC. He rates the stock a hold.

    Several analysts have cut their stock target for Marvell after its earnings.

    Citi lowered its price target on Marvell to $92 from $96 and reiterated a buy rating on the shares.

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