Jim Lidestri: Driving Growth and Innovation as a Trusted Business Consultant for Startups and Established FirmsNew York City, New York Feb 4, 2025 - Jim Lidestri, a veteran of over three decades in technology innovation, is a highly sought-after business consultant. His strategic thinking, leadership skills, and business development expertise help startups and established companies develop innovative solutions. His career is marked by significant achievements and a dedication to progress. A Visionary Leader with a Proven Track Record Lidestri's consulting career follows extensive experience in corporate leadership and entrepreneurship. He held key positions at major technology firms like IBM and Sprint, where he developed collaborative service strategies and managed a $1.1 billion operational unit, respectively. This experience formed the basis for his groundbreaking career in Software-as-a-Service (SaaS). As a SaaS industry pioneer, Lidestri’s impact on Interliant was transformative. He grew the company from a 20-person operation to a global SaaS leader with over $100 million in revenue and 1,000 employees, overseeing two major financing rounds, including a $70 million IPO. This sharpened his expertise in scaling businesses, a skill he applied to subsequent ventures. Building Game-Changing Companies Lidestri's entrepreneurial spirit is central to his career. Following Interliant, he founded successful companies including Legends, Inc. (a SaaS service for sports memorabilia authentication) and AdSoftDirect (modernizing B2B direct marketing). His most impactful venture, however, was BuzzAngle Music. As founder and CEO of BuzzAngle Music, Lidestri built a globally recognized music analytics SaaS platform, partnering with industry giants like Universal Music Group, Sony Music, Apple, Spotify, and Amazon. BuzzAngle’s success, driven by Lidestri's visionary approach to music analytics, reshaped how the industry uses data to understand streaming, sales, and consumer behavior. Penske Media Corporation acquired BuzzAngle Music in 2019. Shaping the Future as a Consultant Today, Lidestri uses his extensive experience in technology, marketing, and sales to guide companies through growth challenges. He advises startups and established firms, helping them identify opportunities for innovation. His ability to spot emerging trends and build scalable solutions is invaluable to businesses navigating competitive markets. A recent example of Lidestri's consulting work involved advising a major music publisher on optimizing royalty distribution using advanced analytics. His expertise in both technology and the music industry streamlined their royalty management, enhancing revenue potential. This exemplifies his consistent impact on diverse sectors. Current Projects and Looking Ahead Beyond consulting, Lidestri is developing MoxieJam, a next-generation app aiming to revolutionize user content interaction and creator connections. This project, already attracting significant funding, is poised for substantial impact upon launch. MoxieJam showcases Lidestri's forward-thinking approach and ability to identify opportunities in emerging markets. "Consulting allows me to work with some of the brightest minds in the business world," says Lidestri. "I get to help companies realize their potential and create solutions that make a real difference. It's an incredibly rewarding part of my career, and I'm excited to continue working with companies that are ready to innovate and grow." A Legacy of Innovation Lidestri’s career consistently demonstrates an ability to identify market opportunities and drive growth through innovation. From leadership roles in major tech companies to entrepreneurial ventures and consulting, he continually adapts to changing industries and creates lasting impact. His legacy of innovation and strategic thinking continues to shape the business and technology landscape. As Lidestri develops new ventures and works with companies to improve operations, he remains future-focused. His ability to anticipate trends and challenge traditional business models ensures his continued impact. His experience, entrepreneurial spirit, and commitment to excellence position him for even greater influence in the business world. To learn more visit: Media ContactMarket News Source :Jim Lidestri
Xafora Offers AI-Powered WhatsApp Business Solutions “`
AI-Powered WhatsApp solutions revolutionize business communication.Dubai, United Arab Emirates Feb 4, 2025 - Xafora Boosts Sales Via WhatsApp Effective, immediate communication is crucial for lead conversion and customer engagement in today's digital landscape. Xafora's robust WhatsApp automation tools enable businesses to automate sales processes, leverage AI-powered WhatsApp marketing, and significantly expand customer interactions. The WhatsApp Business API facilitates rapid responses, personalization, and 24/7 support, streamlining deal closure. Xafora's WhatsApp sales chatbot enhances conversations and boosts conversion rates across various business sizes. Intelligent automation optimizes customer interactions. Let Xafora manage your WhatsApp sales, engagement, and growth! Xafora's Official WhatsApp Business API Sales Solution With over 2 billion active users, WhatsApp's extensive reach makes it a powerful tool for sales and customer engagement. The WhatsApp Business API enables instant responses, automated follow-ups, and seamless purchasing experiences, freeing up sales teams. The outcome? Increased leads, faster conversions, and stronger customer relationships. How Xafora Turns WhatsApp into a Sales Powerhouse? Seamless WhatsApp Sales Chatbot This AI-powered WhatsApp chatbot provides continuous customer communication, eliminating the need for human intervention. This ensures smooth interactions, instant responses, and personalized support, automating sales, answering questions, and enhancing customer satisfaction. WhatsApp automation tools streamline communication, nurture leads, and drive conversions effortlessly. The WhatsApp sales chatbot delivers a seamless, efficient, and engaging customer experience by handling FAQs, processing orders, and sending reminders, saving time and resources. AI-Driven WhatsApp Marketing Traditional marketing often lacks personalization. Xafora's AI-driven WhatsApp marketing analyzes customer behavior to deliver personalized: Promotions & product recommendations. Automated abandoned cart reminders. Broadcast messages for special offers. Higher engagement translates to improved conversions and increased sales. WhatsApp Automation Tools for Streamlined Sales Manually handling customer inquiries and follow-ups can hinder sales. Xafora's WhatsApp automation tools help businesses: Automate the entire sales process, from lead to conversion. Schedule updates on new offers and discounts. Provide customers with order confirmations and delivery tracking. This eliminates manual work while maintaining customer engagement. Data-Driven Sales Strategies with WhatsApp Analytics Xafora's platform provides real-time data analytics to track: Response rates and customer engagement metrics. Conversion and sales performance data. Customer behavior insights for effective targeting. This data allows for refined sales strategies and revenue growth. Why Xafora? Xafora empowers businesses to work and sell more effectively. AI-powered WhatsApp marketing automates customer interactions, generates leads efficiently, and streamlines sales processes. Our WhatsApp sales chatbot provides instant responses, improving customer satisfaction. WhatsApp automation enables personalized promotions, order updates, and reminders, all automated. Whether you're a startup or an established company, Xafora simplifies sales, enhances engagement, and scales operations.Media ContactXafora+971 58 571 4468Office # 906, 9th Floor, The Citadel Tower, Business Bay, Dubai Source :Xafora
Ernesto J. Gomez’s New Book: “Regrowth” – Unlocking Employee Potential for Organizational Growth “`
A new book by corporate change expert Ernesto Gomez explores how fostering employee talent drives organizational transformation and growth.Austin, Texas, February 4, 2025 – Ernesto Gomez, a veteran corporate leader and change management specialist, has released his new book addressing the issue of organizational stagnation. Gomez argues that this common problem often stems from a lack of employee motivation and unrealized potential. The book provides strategies to overcome this managerial hurdle. “The challenge lies in an organization's internal problem-solving and opportunity-conversion mechanisms,” Gomez explains. “Unlocking employee potential is a major obstacle for many companies, but success is achievable by prioritizing people. This necessitates a shift from short-term tactics to long-term goals that support the most valuable assets: employees.” Regrowth offers guidance for navigating today's unpredictable business environment. Available on Amazon, it's considered essential reading for C-suite executives, senior leaders, and corporate decision-makers facing organizational stagnation. The book leverages Gomez's three decades of experience leading startups and large corporations, illustrating how organizations can revitalize growth by harnessing the potential of their employees – individuals initially hired to contribute to the company's success. Gomez adds, “Quick fixes and ad-hoc decisions rarely produce meaningful change. Corporations need a holistic perspective to unlock their true potential.” About Ernesto J. Gómez Ernesto Gomez is a highly experienced executive with over 30 years in building and leading successful ventures within the US and Mexican food service industries. Transitioning from serial entrepreneur to senior corporate leader, he served as VP of Human Capital at Grupo Alfa (a major Mexican conglomerate with 83,000 employees) and later as Chief Human Resources Officer at Sigma Alimentos (a global consumer packaged goods company with 43,000 employees). In these roles, he led global talent and cultural initiatives, significantly contributing to organizational transformation. A committed lifelong learner, Gomez holds a degree in social communications and has completed executive programs at prestigious institutions including Stanford GSB, MIT Sloan School of Management, Wharton Business School, Kellogg School of Management, Chicago Booth, London Business School, and IMD Business School. He is the founder and CEO of Aspen Mindset1, a consulting firm assisting organizations and individuals in achieving peak performance. In 2024, Gomez was a guest speaker in MIT Sloan School of Management's "Lead through Ambiguity" course. For more information visit Media ContactAspen Mind 1 Source :Aspen Mind 1
St. Louis Businesses Get AI Boost from The AI Hat’s Rebranded Podcast and Consulting Services “`
St. Louis businesses now have a dedicated AI resource: The AI Hat. Expanding upon the success of The Social Media Hat, this new venture offers AI consulting and training to local small and medium-sized businesses (SMBs). It also produces the popular podcast, "AI for Business Leaders," (formerly "AI in Marketing: Unpacked"), featuring over 50 expert interviews, including insights from Google, Nvidia, HubSpot, and other leading companies. Led by AI expert and podcaster Mike Allton, The AI Hat provides: AI for Business Leaders: The AI Hat Podcast: Industry expert insights and case studies on successful AI implementation. AI Consulting: Identifying opportunities to use AI for operational efficiency, cost reduction, and revenue growth. AI Training: Developing team skills and knowledge in AI. Allton explains the rebranding: "The relaunched podcast reflects our commitment to helping St. Louis businesses thrive in the age of AI. We've broadened our focus beyond marketing to encompass the wider opportunities and challenges AI presents across all business areas." Businesses are already seeing results. Richard Tubb, a business owner, commented: "My time with Mike was incredibly valuable, revealing AI's potential for our business and outlining practical steps to implement the most beneficial tools and resources." Interested in leveraging AI? Visit The AI Hat to listen to the podcast, explore consulting options, and discover how AI can help solve challenges and achieve business goals. Contact: Mike Allton CEO & Founder The AI Hat mike@theaihat.com Media ContactThe AI Hat6362846564838 Arbor Chase Drive Source :The AI Hat
Atua AI Improves AI-Powered Decision-Making with Deepseek R1 Integration
Atua AI's on-chain platform (TUA) has integrated the Deepseek R1 model to boost real-time decision-making and automation for decentralized businesses.Dubai, United Arab Emirates, February 4, 2025 – This integration significantly advances Atua AI's goal of optimizing business operations through AI and blockchain technologies. Deepseek R1 provides enhanced computing power, allowing businesses to analyze large datasets, predict future trends, and automate processes more effectively. This empowers Atua AI clients with AI-driven insights to streamline decision-making and improve productivity in decentralized settings. This integration reinforces Atua AI's dedication to providing businesses with cutting-edge AI tools for operational efficiency and data accuracy. Deepseek R1's sophisticated algorithms help businesses respond swiftly to market changes while optimizing their decentralized operations. Atua AI remains committed to innovation in AI and blockchain, ensuring its platform users stay ahead in the decentralized intelligence landscape. Deepseek R1 enhances the platform's AI capabilities, leading to more accurate and efficient real-time decisions. About Atua AI Atua AI is a leading on-chain platform offering scalable, AI-powered decision-making tools for decentralized enterprises. The integration of Deepseek R1 enhances automation, predictive analytics, and workflow optimization.Media ContactKaJ Labs88887012914730 University Way NE 104- #175 Source :KaJ Labs
Kess Energy Reports on “Global Lithium Supply Contraction, Predicts Price Rebound in 2025”
Brasilia, Brazil – February 05, 2025 – (SeaPRwire) – Kess Energy, a pioneering Brazilian player in the lithium mining industry, has released a report on “Global Lithium Supply Contraction, Predicts Price Rebound in 2025”, which announces recent evidence of a contraction in global lithium supply, suggesting that the lithium market cycle has reached its bottom. The firm anticipates that this development will lead to a significant rebound in lithium prices throughout 2025. Tightening supply conditions Kess Energy’s market analysis indicates that tightening supply conditions, driven by increased demand for lithium in electric vehicles (EVs) and energy storage solutions, are setting the stage for a recovery in prices. The reduction in available supply has been attributed to various factors, including delayed mining projects and heightened regulatory scrutiny, which have constrained production capacity. “With global lithium supply showing signs of contraction, we believe prices are poised for a turnaround,” said Inato Ramirez, Kess Energy’s Chairman. “This marks the beginning of a new upward phase in the lithium cycle, as demand continues to outpace supply, particularly from the booming EV sector.” Enhancing production capabilities Kess Energy is well-positioned to capitalize on the anticipated price increase, with ongoing projects aimed at enhancing production capabilities and securing long-term supply agreements with major stakeholders in the lithium market. The company remains committed to sustainable mining practices and is actively investing in technologies to improve efficiency and reduce environmental impact as well as spearheading initiatives that ensure communities affected by operations are more quickly able to enjoy the economic benefits of the boom. The firm’s strategic initiatives and market outlook reaffirm its confidence in the growth potential of the lithium industry. As the global transition to renewable energy accelerates, Kess Energy is dedicated to meeting the rising demand for lithium, a critical component in the future of clean energy. About Kess Energy Kess Energy is a junior lithium mining company dedicated to meeting the increasing global demand for lithium through responsible and sustainable mining practices that respect and consider the needs of the communities in which its assets are located. With a portfolio of high-quality lithium assets and a commitment to innovation, Kess Energy is well-positioned to play a pivotal role in the energy transition while enabling communities to share in the commercial benefits of its business. Know more please contact +55 61 4042 9257 or visit our office at Centro Empresarial Varig, SCN QUADRA 04 BL B – Asa Norte, Brasília – DF, 70714-900, Brazil. Media Contact Kess Energy Contact: Joseph Hera Email: contact@kessenergy.com Website: https://kessenergy.com The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Sectors: Top Story, Corporate News SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. It distributes press releases in different languages, including: IndonesiaFolk, IndoNewswire, SEATribune, IDNewsZone, LiveBerita, DailyBerita, TaiwanPR, SinchewBusiness, AsiaEase, BuzzHongKong, SingapuraNow, TIHongKong, TaipeiCool, TWZip, AsiaFeatured, dePresseNow, THNewson, KULPR, VNFeatured, MENAEntry, HunaTimes, DubaiLite, ArabicDir, BeritaDaring, TekanAsia, JamKopi ...
Fujitsu to highlight AI-powered network technologies at MWC Barcelona 2025
KAWASAKI, Japan, Feb 5, 2025 - (JCN Newswire via SeaPRwire.com) - Fujitsu Limited today announces its participation in Mobile World Congress Barcelona 2025 (MWC25). Under the theme “Boundless Potential,” Fujitsu will unveil its latest advancements in network technologies and enterprise solutions, and highlight how AI is revolutionizing networks and driving business transformation.At booth 2G60 (Hall 2), Fujitsu will offer visitors interactive demonstrations of AI-enhanced network infrastructure, including solutions for optimizing 5G and optical networks, showcasing improved resource allocation and reduced latency. Attendees will see innovative AI applications in action, such as AI agents improving efficiency in manufacturing and IT operations and an ocean digital twin utilizing AI and autonomous underwater vehicles (AUVs) for environmental monitoring and predictive maintenance of marine infrastructure. Fujitsu will also highlight the high-performance, energy-efficient processor FUJITSU-MONAKA (1), showcasing its capabilities in accelerating AI workloads and reducing power consumption.Customer use cases and demonstrations will illustrate how Fujitsu's solutions are already contributing to sustainability transformation (SX) by optimizing supply chains, enhancing resilience, and driving operational efficiency across various sectors.For more information, or to arrange an interview or tour of the Fujitsu booth, please contact us below or visit MWC Barcelona 2025 Fujitsu Website.Exhibition highlights1. Connectivity zone - solutions to enhance networks and AINetwork for AI: Network infrastructure solutions that ensure high reliability, security, and reduced power consumption for stable operation of sophisticated AI services, including:- The AI-RAN solution which optimizes resource allocation on GPU servers, integrating RAN functions and AI applications for efficient resource management.- Demonstration of the O-RAN compliant 5G Radio Unit (RU) solution.- Live demo of the 1FINITY series optical transmission solution showcasing zero-latency switching.AI for Network: Interactive demonstrations showcasing how AI enhances network design, operation and maintenance, improving efficiency, reducing costs, and boosting performance.- The smart fault recovery solution which rapidly identifies the root cause of network failures, minimizing downtime and improving business continuity.- Network operation and maintenance enhancement solutions using Fujitsu's AI, trained with the knowledge of skilled operators.- The network resource optimization solution which optimizes resource management in complex Beyond 5G networks, dynamically allocating resources to meet fluctuating demands, ensuring stable network low power consumption/cost.2. AI zone - solving societal issues and transforming customer operations- Ocean digital twin technology to accurately replicate ocean conditions and support ecosystem conservation, carbon neutrality, and the inspection and maintenance of marine structures.- Fujitsu's AI agents developed as core technology for the Fujitsu Kozuchi AI service.- Fujitsu’s next-generation Arm-based processor FUJITSU-MONAKA (currently under development, targeted for release in 2027).- Demonstration of Fujitsu Data Intelligence PaaS case studies showing this platform uses data and AI to optimize supply chains, enhance resilience, and transform on-site operations, including system development and maintenance.Overview of MWC Barcelona 2025 and Fujitsu boothDate: Monday, March 3, 2025 to Thursday, March 6, 2025Venue: Fira Gran Via, Barcelona, SpainFujitsu booth: 2G60 (Hall 2)(1) FUJITSU-MONAKA :This is based on results obtained from a project subsidized by the New Energy and Industrial Technology Development Organization (NEDO).About FujitsuFujitsu’s purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.7 trillion yen (US$26 billion) for the fiscal year ended March 31, 2024 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com.Press ContactsFujitsu LimitedPublic and Investor Relations DivisionInquiries Copyright 2025 JCN Newswire via SeaPRwire.com.
Mallia Therapeutics and Northway Biotech Announce Partnership for the Manufacturing of Soluble CD83 Protein for Hair Loss Treatment
ERLANGEN, GERMANY AND VILNIUS, LITHUANIA, Feb 4, 2025 - (ACN Newswire via SeaPRwire.com) - Mallia Therapeutics ("Mallia"), a biopharmaceutical company developing novel treatments for hair loss, and Northway Biotech ("NBT"), a biologics Contract Development and Manufacturing Organization (CDMO), have announced a partnership for the development of the production process and manufacturing of Mallia's soluble CD83 protein (sCD83), a treatment aimed at promoting hair follicle formation and growth.Under the agreement, Northway Biotech will leverage its expertise in biologics manufacturing to develop the production process for the recombinant sCD83 protein for large-scale production, utilizing the Pichia pastoris expression system. This collaboration includes the development of analytical methods, technology scale-up, and the manufacturing of a cGMP Drug Substance.Dr. Manfred Groeppel, co-founder and Managing Director of Mallia Therapeutics, said: "With this partnership, we are advancing the development of sCD83 to turn our research into a scalable treatment for patients.""Interestingly, sCD83's mode of action induces both the formation of new hair follicles and thus hair growth, and has the potential to redefine treatment approaches for hormone-induced androgenetic alopecia as well as immune-mediated alopecia areata," emphasizes Prof. Dr. Alexander Steinkasserer, co-founder and Managing Director of Mallia. "By developing a robust production process, we are ensuring the quality required for future clinical as well as commercial applications."Prof. Vladas Algirdas Bumelis, CEO and Chairman of Northway Biotech, expressed, "We are excited to be working with Mallia on developing the manufacturing process of sCD83. Our priority is to ensure the highest manufacturing standards and maintain clear, open communication as we collaborate every step of the way.""Mallia's team and their innovative solution make this project particularly appealing to us given its huge potential and the large need from people all over the world for treatment. The strong and transparent collaboration we have established allows us to support Mallia with confidence as we move forward together quickly,"added André Markmann, PhD, VP of Business Development at Northway Biotech.About Mallia Therapeutics GmbHMallia Therapeutics GmbH is a biopharmaceutical company focused on developing novel treatments for patients suffering from hair loss. The Company was founded in 2023 in Erlangen, Germany, and is led by an experienced management team and worldwide leading experts in the field of CD83, with more than 60 CD83-related publications and 20 years of experience in the field.With sCD83, a potential treatment for hair loss in preclinical development, Mallia aims to enter the multi-billion-dollar alopecia market and provide patients with a safe and effective topical treatment.Connect with us on LinkedIn or find out more here: https://mallia-therapeutics.com/About Northway BiotechNorthway Biotech is a leading contract development and manufacturing organization (CDMO) supporting customers worldwide. Its highly experienced and professional team executes projects at every stage, from cell line construction and process development to cGMP manufacturing of biopharmaceutical products. The company's extensive expertise and vertically integrated service offering enable rapid execution of multiple projects from its state-of-the-art GMP facilities while ensuring full process and product compliance at all stages of research, development, and commercial manufacturing. Northway Biotech is a privately owned company founded in 2004 and operates locations in Vilnius, Lithuania; London, United Kingdom; and Waltham, MA, USA. For more information, please visit www.northwaybiotech.com.Mallia Therapeutics Contact:Mallia Therapeutics GmbHinfo@mallia-therapeutics.comInternational Media Contact:MC Services AGDr. Regina Lutz / Katja ArnoldTel.: +49 (0)89 210 228 0E-Mail: mallia-therapeutics@mc-services.euContact InformationVladas BumelisCEO and Chairman of the Boardvladas.bumelis@northwaybiotech.comSOURCE: Northway Biotech Copyright 2025 ACN Newswire via SeaPRwire.com.
TOYOTA GAZOO Racing Launches Evolved GR Corolla in Japan
- TOYOTA GAZOO Racing will introduce the evolved GR Corolla to Japan, with orders accepted from February 4 ahead of the March 3 launch.- The evolved GR Corolla leverages insights, gained by competing in motorsports events such as the Super Taikyu Series, for improved high-speed cornering, acceleration, and cooling performance.- It is also available with the newly developed 8-speed GAZOO Racing Direct Automatic Transmission (GR-DAT) featured in the evolved GR Yaris.- Based on feedback from professional race drivers, evaluation drivers, and Toyota Master Driver Morizo, development focused on an untamed energy that makes one want to keep on driving, whether at the limit or in everyday use.TOKYO, Feb 4, 2025 - (JCN Newswire via SeaPRwire.com) - TOYOTA GAZOO Racing (TGR) has started accepting orders for its evolved GR Corolla, a model that leverages insights gained by competing in motorsports. Orders will be accepted through Toyota dealerships across Japan from today, February 4, and actual launch is planned for March 3. This is the same model announced on August 2, 2024, in the USA, but with Japanese market specifications. The following news release provides detailed information on the features of this evolved GR Corolla.Evolved GR Corolla Makes World Premierehttps://toyotagazooracing.com/pressrelease/2024/0802-01/ for more information, visit https://global.toyota/en/newsroom/toyota/42165939.html. Copyright 2025 JCN Newswire via SeaPRwire.com.
Mitsubishi Heavy Industries Achieves Double-Digit Order Intake and Profit Growth in First Three Quarters, Raises Full-Year Guidance
- Order intake increased YoY in Energy Systems and Plants & Infrastructure Systems, with largest contributions from GTCC and Aero Engines in Energy Systems and Metals Machinery in Plants & Infrastructure Systems.- Revenue grew YoY in all segments, with largest gains in Aircraft & Missile Systems within Defense & Space.- Business profit achieved strong YoY growth in Energy Systems, Plants & Infrastructure Systems, and Aircraft, Defense & Space segments due to increased revenue, improved margins, positive impact from yen depreciation, as well as rebound from one-time charges incurred in previous fiscal year.- Increased full-year guidance for order intake, revenue, business profit, net income, EBITDA, and free cash flow to reflect stronger-than-expected performance in first three quarters.TOKYO, Feb 4, 2025 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Heavy Industries, Ltd. (MHI, TSE Code: 7011) announced that order intake increased 10.5% year-on-year to ¥4,968.9 billion in the three quarters ended December 31, 2024. Revenue rose 8.8% to ¥3,547.7 billion year-on-year, resulting in profit from business activities (business profit) of ¥264.7 billion, a 38.2% increase over the previous fiscal year, which represents a profit margin of 7.5%. Profit attributable to owners of parent (net income) was ¥172.1 billion, an increase of 24.7% year-on-year, with a profit margin of 4.9%. EBITDA was ¥382.0 billion, a 28.9% increase over Q1-3 FY2023, with an EBITDA margin of 10.8%, up 1.7 percentage points year-on-year.In Energy, order intake increased by ¥228.7 billion YoY, which reflected continued strong demand in Gas Turbine Combined Cycle (GTCC) and Aero Engines. Contracts for 16 large frame gas turbine units were concluded during Q1-3, the majority of which were from customers in the Americas. Revenue increased by ¥81.4 billion YoY; the largest gains were seen in GTCC, which worked to execute its sizeable backlog, and Aero Engines. Segment business profit increased by ¥67.9 billion YoY due to higher margins in GTCC, increased revenue and the rebound from one-time expenses in Aero Engines incurred in Q1-3 FY2023, together with stable performance in Nuclear Power.In P&I, order intake increased by ¥219.8 billion YoY due to favorable performance in Engineering, Metals Machinery, Machinery Systems, and Waste-to-Energy Systems. Revenue was mostly in line with Q1-3 FY2023 levels. Improved margins in Engineering and Metals Machinery, combined with increased revenue in Engineering and Machinery Systems helped to raise segment business profit by ¥12.6 billion YoY.In LT&D, revenue increased by ¥9.2 billion YoY as increased sales in Engines and Heating, Ventilation & Air Conditioning (HVAC) offset a decline in units sold in Logistics Systems. The decrease in units sold in Logistics System and additional costs from a supply chain disruption in Turbochargers resulted in a ¥16.5 billion YoY decrease in segment business profit.In ADS, order intake decreased by ¥22.0 billion YoY due to large order volume booked in Q1-3 FY2023 in Defense & Space. Revenue increased by ¥162.7 billion YoY, mainly in Defense & Space. Increased revenue and higher margins in Defense & Space outpaced the negative impact from a drop in 777 unit deliveries in Commercial Aviation, and segment business profit increased by ¥16.1 billion YoY. FY2024 Earnings ForecastMHI revised its guidance for the period ending March 31, 2025, increasing the forecasts for order intake, revenue, business profit, net income, EBITDA, and free cash flow over the previous announcement made November 5, 2024, to reflect stronger-than-anticipated performance during Q1-3. The full-year dividend target remains unchanged.(billion yen, except where otherwise stated)FY2024 Earnings ForecastFY2023ActualFY2024Forecast(Previous)FY2024Forecast(Revised)Revised vs.PreviousOrder Intake6,684.06,000.06,400.0+400.0Revenue4,657.14,900.05,000.0+100.0Profit from Business ActivitiesProfit Margin282.56.1%350.07.1%380.07.6%+30.0+0.5 ptsProfit Attributable to Owners of ParentProfit Margin222.04.8%230.04.7%240.04.8%+10.0+0.1 ptsROE11.1%10%10%-EBITDAEBITDA Margin432.69.3%500.010.2%530.010.6%+30.0+0.4 ptsFCF200.1-100.00.0+100.0Dividends20 yen (Note)22 yen22 yen-FY2023 Actual dividends (¥200/share) shown here adjusted retroactively to 1/10 of original value to reflect the 10-for-1 stock split effective April 1, 2024.(billion yen, except where otherwise stated)FY2024 EarningsForecast by SegmentOrder IntakeRevenueBusiness ProfitPreviousRevisedPreviousRevisedPreviousRevisedEnergy2,000.02,300.01,750.01,800.0180.0200.0P&I900.01,000.0800.0800.040.050.0LT&D1,350.01,350.01,350.01,350.060.060.0ADS1,700.01,700.0950.01,000.080.0100.0OC&E50.050.050.050.0-10.0-30.0Total6,000.06,400.04,900.05,000.0350.0380.0CFO Message"In the first three quarters of this fiscal year, many of our businesses continued the strong performance I shared with you during our last release, with all major financial indicators up year-on-year, especially business profit and net income," said Hisato Kozawa, MHI's Chief Financial Officer. He continued: "Regarding order intake, GTCC and Aero Engines in Energy, and Metals Machinery in P&I were star performers, with total orders exceeding the high bar set during the same period in FY2023. Revenue increased in Energy and ADS, which were executing on substantial order backlogs. Increased revenue, improved margins, the positive impact from yen depreciation, as well as a rebound from one-time charges incurred in the previous year drove the large profit growth seen during this period."We have increased our full-year guidance for most major indicators based on our strong performance during the first three quarters. Notably, we have updated our order intake target from ¥6 trillion to ¥6.4 trillion and business profit from ¥350 billion to ¥380 billion," Kozawa went on. "In the fourth quarter, we aim to outperform this updated guidance by actively mitigating risks while building on the successes of the first three quarters."Note regarding forward looking statements:Forecasts regarding future performance outlined in these materials are based on judgments made in accordance with information available at the time they were prepared. As such, these projections include risk and uncertainty. Investors are recommended not to depend solely on these projections when making investment decisions. Actual results may vary significantly from these projections due to a number of factors, including, but not limited to, economic trends affecting the Company's operating environment, fluctuations in the value of the Japanese yen to the U.S. dollar and other foreign currencies, and trends in Japan's stock markets. The results projected here should not be construed in any way as a guarantee by the Company.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2025 JCN Newswire via SeaPRwire.com.
MAZDA TRANS AOYAMA Opens in Minami-Aoyama
TOKYO, Feb 4, 2025 - (JCN Newswire via SeaPRwire.com) - On Thursday, February 6, Mazda Motor Corporation (“Mazda”) is set to open MAZDA TRANS AOYAMA, an all-new concept showroom offering the Mazda brand experience in Minami-Aoyama – hub of cultural innovation – in the Minato ward of Tokyo."TRANS" in “MAZDA TRANS AOYAMA” connotes "change or transcendence," signifying Mazda’s wish that this space inspire people to take a positive outlook. Guided by the company’s purpose of “enrich life-in-motion for those we serve,” Mazda aims to deliver uplifting experiences to everyone with whom it engages in furtherance of this aspiration. MAZDA TRANS AOYAMA will serve as a space where not only current customers and enthusiasts, but also individuals who have yet to develop a connection with Mazda may tap into a range of information and experience the Mazda brand in the hope that they discover something new and feel inspired.The facility features a café supervised by ITUKI COFFEE, a specialty roaster that originated on Hiroshima’s Miyajima, providing visitors with a comfortable and relaxing respite. MAZDA TRANS AOYAMA will continually strive to enhance accessible and enjoyable content for all with limited-duration exhibits, experiential events, and workshops on diverse themes in addition to automobiles. Actual production automobiles, concept cars, and historic Mazda vehicles will be on permanent display, as will miniature cars chronicling Mazda Motor Corporation’s history. The MX-5 test drives will also allow visitors to envision a life with Mazda.In moving toward 2030, Mazda will aim to continue our research based on our human-centered philosophy, create more moving experiences for people to enjoy while driving in their daily life, and deliver more enjoyment to everyday life which will uplift and energize people.In moving toward 2030, Mazda will aim to continue our research based on our human-centered philosophy, create more moving experiences for people to enjoy while driving in their daily life, and deliver more enjoyment to everyday life which will uplift and energize people.MAZDA TRANS AOYAMAName: MAZDA TRANS AOYAMALocation: 5-6-19 Minami-Aoyama, Minato-ku, TokyoHours: 8:30 AM - 6:30 PM (Café (1F) open from 8:30 AM - 10:00 AM)Closed: MondaysInquiries: 03-6450-6691Website: https://www.mazda.co.jp/experience/mazda_trans_aoyama/Key Components*Café settingLimited-duration gallery exhibitions (ACTA+ works)Events (Scheduled events*: “Talk Session: My Personal Style – An Enjoyment of Roadsters and Color” on February 8 & 9, and "Creating Flower Arrangements Together" on February 15 & 16)Vehicle displays (production vehicles, concept cars, historic Mazda models, etc.)The MX-5 test drive experiences, and more*Please check the website for more information and specific dates of upcoming events. Copyright 2025 JCN Newswire via SeaPRwire.com.
Second Plane Crash Devastates US Figure Skating Community
Following the U.S. Figure Skating Championships and National Development Camp in Wichita, Kansas, a plane carrying several members of the figure skating community collided with a helicopter. There are no survivors. The news is incredibly difficult to process, especially given a similar tragedy in our sport's history. In 1961, a plane carrying figure skaters and others en route to the World Championships in Prague crashed in Brussels, resulting in no survivors. The skating world lost 18 skaters and 16 coaches, judges, and family members. The impact of this loss continues to resonate with champions even today, nearly 64 years later. As an Olympic gold medalist, attorney, and member of the U.S. figure skating community, I can attest to the close-knit nature of our sport. While often perceived as intensely competitive, we are, in reality, a family. We compete *with* each other, not just *against* each other. This camaraderie was evident at the recent National Championships, where champion Amber Glenn extended good luck wishes to a fellow competitor. These bonds and shared experiences are fundamental to who we are. This makes the loss of life in Flight 5342 particularly devastating and its impact will be felt for years to come. Figure skating presents numerous challenges: the constant push to one's limits, the mental fortitude required, the balance of training with other aspects of life, and the pressure of performing under intense scrutiny. The sport is both exhilarating and humbling, demanding respect among its participants. Some days are great, others less so. But that's the nature of figure skating. The term "skating family" is apt. Skaters eat, train, travel, compete, laugh, and cry together, often spending more time with their skating peers than their biological families. News of the plane crash at Ronald Reagan Washington National Airport, involving young skaters, parents, and coaches returning from the National Development Camp, was deeply distressing. This camp, established to support aspiring Team USA members, fosters strong bonds among its participants. The fully in-person 2023 camp received overwhelmingly positive feedback. The camp, held alongside the National Championships, offered valuable on and off-ice training experiences. For many young athletes, it's the shared experiences – bus rides, meals, movie nights – that create lasting memories. These are the memories these young skaters were making. This tragedy's impact is profoundly difficult to comprehend. Many of my fondest skating memories come from my early competitive years, forming lifelong bonds. I qualified for my first National Championships at 12, a similar age to some of the skaters at the camp. Experiencing these "firsts" – sectionals, international competitions – alongside peers creates unforgettable moments. The loss of these young lives, so full of promise, is incomprehensible. My thoughts are with all those grieving. Beyond the potential loss of future Olympic champions, this crash affects the heart of figure skating: the relationships, friendships, and shared experiences. In many lives, a cherished time has been irrevocably altered. U.S. Figure Skating established a memorial fund after the 1961 tragedy, supporting skaters through scholarships, highlighting that skating is more than just the sport itself. The creation of a similar fund in 2025 to aid those affected by this latest tragedy, while unimaginable, is a necessary step for our community. We are all in mourning—again.
China Imposes Retaliatory Tariffs on US Goods
BEIJING — In response to President Trump's tariffs on Chinese goods, China implemented its own tariffs on various U.S. imports on Tuesday. Simultaneously, China announced an antitrust investigation into Google and other trade actions. These retaliatory tariffs include a 15% levy on coal and liquefied natural gas, and a 10% tariff on crude oil, agricultural machinery, and large-engine vehicles imported from the U.S. The tariffs are set to take effect next Monday. A Ministry of Finance statement declared the U.S.'s unilateral tariff increases a violation of World Trade Organization rules, arguing they hinder economic and trade cooperation between China and the U.S. and fail to resolve existing problems. Furthermore, China's State Administration for Market Regulation launched an antitrust investigation into Google, citing suspected violations of antitrust laws. The announcement, though unrelated to the tariffs, followed shortly after Trump's 10% tariffs on China went into effect. U.S. tariffs on goods from Canada and Mexico were also scheduled for implementation on Tuesday. However, Trump temporarily suspended the tariffs on Mexico and Canada for 30 days, following their concessions regarding border security and drug trafficking. Trump planned to speak with Chinese President Xi Jinping in the following days. Beyond tariffs, China introduced export controls on several elements vital to high-tech manufacturing: tungsten, tellurium, bismuth, molybdenum, and indium. Many of these are categorized as critical minerals by the U.S. Geological Survey due to their importance to U.S. economic and national security and vulnerable supply chains. These export controls build upon similar measures implemented by China in December targeting key elements like gallium. The Commerce Ministry also added two American companies – PVH Group (owner of Calvin Klein and Tommy Hilfiger) and Illumina (a biotechnology firm) – to its “unreliable entities” list. This listing prohibits them from engaging in China-related import/export activities and new investments in the country. —Wu reported from Bangkok.
Musk’s Tweet Sparks Confusion Over IRS’ Free Tax Filing Program “`
WASHINGTON — On Monday, the billionaire tech entrepreneur tweeted that he had “deleted” 18F, a government agency involved in projects like the IRS’ Direct File program. This caused confusion regarding Direct File’s availability, but the free filing program remains accessible, at least for the upcoming tax season. Although Musk’s tweet suggested the team's elimination, a source familiar with the IRS workforce confirmed that Direct File continues to process tax returns. The source, who spoke to The Associated Press anonymously due to lack of authorization, provided this information. As of Monday evening, both 18F's and Direct File's websites were functioning normally. However, the digital services agency's X account had been removed. The IRS announced last year its intention to make the free electronic tax return filing system permanent, requesting assistance from all 50 states and the District of Columbia in facilitating taxpayer returns through the program in 2025. The Direct File trial launched in March 2024. However, the IRS has faced significant opposition to Direct File from private tax preparation companies, which have profited billions from their software and spent millions lobbying Congress. The average American typically spends about $140 annually on tax preparation. Commercial tax preparation companies that lobbied against the free file program contend that free file options already exist. Several organizations, including private tax firms, offer free online tax preparation assistance to taxpayers meeting specific income requirements. The IRS website provides fillable forms, but these are complex, requiring taxpayers to calculate their tax liability independently. Last May, the IRS announced the permanent implementation of the Direct File program. Currently available in 25 states, it expanded from the 12 states included in last year's pilot program. The program enables individuals in select states with straightforward W-2s to compute and submit their returns directly to the IRS. The IRS reported in October that users of the 2024 pilot program claimed over $90 million in refunds. During his January 16 confirmation hearing, Scott Bessent, now Treasury Secretary, pledged to maintain the Direct File program at least through the 2025 tax season, which began January 27. Musk responded to an X user who labeled 18F as “far left” and suggested Direct File places the government in charge of tax preparation. Musk stated, “That group has been deleted.”
Senate confirms Chris Wright, Fossil Fuel CEO, as Trump’s Energy Secretary “`
WASHINGTON — The Senate confirmed Chris Wright, a fossil fuel executive, as the new energy secretary on Monday. This key role will support President Trump's pursuit of U.S. energy dominance globally. Wright, Liberty Energy's CEO, has been a prominent industry voice opposing climate change mitigation efforts. He contends that increased fossil fuel production alleviates global poverty and pledges to help Trump achieve energy security and prosperity. The Senate approved his nomination by a 59-38 vote. This included support from eight Democrats, among them both senators from his home state, Colorado. Trump's energy plan centers on maximizing domestic fossil fuel production—oil, natural gas, and coal—and dismantling what he terms Democrats' "green new scam". These fuels contribute significantly to greenhouse gas emissions. At his confirmation hearing, Wright expressed shared enthusiasm for Trump's energy vision, promising to diligently implement his agenda as a proponent of affordable, reliable, and secure American energy from all sources. This includes oil, natural gas, coal, nuclear and hydropower, as well as renewable sources such as wind, solar, and geothermal energy, according to Wright. Trump's energy ambitions may encounter practical limitations, including already high U.S. oil production. The government can't mandate increased oil drilling, and production hikes could potentially lower prices and reduce industry profits. Wyoming Senator John Barrasso, the second-ranking Republican, praised Wright as an innovative leader who is forthright about energy production. Barrasso described Wright as acknowledging climate change while advocating for increased American energy production as a solution, not an obstacle, referring to it as "energy realism." Senator Mike Lee, a Utah Republican and chair of the Energy and Natural Resources Committee, stated that Wright understands the importance of abundant and affordable energy for families and businesses. “Our nation deserves a champion for American energy and innovation, and we’ve got the Wright guy for the job,” Lee announced on X. Colorado's two Democratic senators backed their state's nominee. Senator John Hickenlooper highlighted Wright's scientific background and commitment to affordable, reliable, and clean energy, emphasizing that it lowers costs and enhances national security. Despite disagreements, Hickenlooper expressed a willingness to collaborate. “While we don’t always agree, we will work together because none of us have four years to wait to act,” Hickenlooper stated. Senator Michael Bennet lauded Wright's entrepreneurial success and expertise in energy innovation and technology, promising to work with him to ensure Colorado's continued leadership in energy production and innovation. While acknowledging climate change, Wright stated during his hearing that he doesn't distinguish between "dirty" and "clean" energy, emphasizing the varied trade-offs among different energy sources. Wright, 60, has led Liberty Energy since 2011 and lacks prior government experience. A Colorado native, he holds degrees from MIT and UC Berkeley in electrical engineering. He founded Pinnacle Technologies in 1992, contributing to the growth of commercial shale gas production through fracking. He later chaired Stroud Energy before establishing Liberty Resources in 2010. As energy secretary, Wright will collaborate with Interior Secretary Doug Burgum on energy policy. Both will serve on a new National Energy Council chaired by Burgum, encompassing all executive branch agencies involved in energy. The council will focus on streamlining regulations and boosting domestic energy production, representing a significant shift from President Biden's climate-focused policies. Wright stated he would sever all industry ties upon confirmation. Lena Moffitt of Evergreen Action, an environmental group, criticized Democrats for not unanimously opposing Wright’s nomination. “Senate Republicans just handed Trump’s Big Oil allies the keys to the Department of Energy,” she stated. She expressed concern that Wright’s appointment will hinder clean energy investments, increase energy prices, and perpetuate reliance on fossil fuels. Moffitt urged Democrats to actively counter Trump's pro-fossil fuel policies. ```
Trump’s Military Ban Creates Uncertainty for Transgender Service Members “`
U.S. Army Sergeant First Class Kate Cole, a 34-year-old transgender woman, currently desires continued military service, despite post-retirement plans to work as a climbing guide in Colorado. She values her military community and career. Cole, one of six transgender service members suing the Trump Administration, emphasizes the importance of her military service and community. The lawsuit challenges the January 27th Executive Order banning transgender individuals from enlisting and openly serving. While the Department of Defense's implementation of the ban remains unclear, the Executive Order threatens the employment of Cole and other transgender service members. The National Center for Lesbian Rights (NCLR) and GLBTQ Legal Advocates & Defenders (GLAD Law) filed a federal lawsuit on January 28th in the U.S. District Court for the District of Columbia, arguing the ban violates equal protection. This Executive Order expands upon a similar 2017 directive prohibiting transgender individuals from military enlistment. The current order, however, also mandates the discharge of currently serving transgender service members. (Two individuals hoping to enlist are also plaintiffs). GLAD Law and the NCLR previously challenged the 2017 ban. A judge temporarily blocked it for two years, but in 2019, the Supreme Court allowed the Executive Order to proceed while lower courts deliberated. President Biden repealed the ban in 2021. Cole, a long-serving member, expressed prior concerns but hoped the ban wouldn’t be reinstated, given her years of open and honorable service. She and other transgender service members simply wish to continue their duties without disruption, noting widespread support for their service. Trump's Executive Order directs Secretary of Defense Pete Hegseth to implement the ban within 60 days, also calling for an end to the use of gender-affirming pronouns. The President argues transgender individuals, possessing a "false gender identity," fail to meet military standards, equating gender identity with medical conditions barring enlistment. Trump's Executive Order, titled "Prioritizing Military Excellence and Readiness," asserts that a transgender person's claim to a different gender is incompatible with the military's requirements for humility, selflessness, and an honorable lifestyle. Jennifer Levi, senior director at GLAD Law, labels the policy discriminatory and lacking principle, rooted solely in hostility toward transgender people. Estimates of the number of transgender service members in the U.S. vary, ranging from 8,000 (National Institute of Health article) to 15,500. Levi expresses optimism about the lawsuit's outcome, citing the 2020 Bostock v. Clayton County ruling, which protects workers from employment discrimination based on sexual orientation and gender identity. This precedent strengthens the legal challenge, although it's not guaranteed to be easy, particularly given Trump's prior rejection of the Bostock decision. Regardless of the legal outcome, Levi highlights the significant harm inflicted upon the LGBTQ+ community by the Trump administration's actions, causing widespread concern and potential loss of medical care and employment. Cole aims to highlight the harm inflicted upon the transgender community and underscore the value of transgender service members. She and many others actively serve, demonstrating the capabilities and dedication of transgender personnel, advocating for equal opportunities for all qualified individuals to serve their country. ```
Everyone Should Watch “Mo,” Netflix’s Palestinian-Refugee Comedy
Mo Amer's Palestinian-refugee comedy series delves into more serious themes in its second season, yet retains its signature blend of quirky humor and poignant moments.
Beyoncé’s Album of the Year Victory Defies Erasure
Beyoncé's Album of the Year win wasn't just a victory; it was a win for 'Cowboy Carter,' signifying a powerful statement against being overlooked, according to Taylor Crumpton.
Trump’s Foreign Aid Freeze to Exacerbate Disease Outbreaks
President Donald Trump's comprehensive halt to U.S. foreign aid funding has immediate repercussions for global health, according to Gavin Yamey.
Trump Temporarily Suspends Mexico Tariffs, But Canada and China Tariffs Remain “`
In Washington, D.C., Presidents Trump and Sheinbaum agreed to a one-month delay on planned tariffs, allowing further negotiations. Mexico pledged to deploy 10,000 National Guard members to combat drug trafficking. Tariffs against Canada and China remain scheduled for implementation, leaving uncertainty about the long-term impact and potential for wider trade conflict, as President Trump has indicated further import taxes are forthcoming. The tariff pause followed what Trump called a “very friendly conversation,” with both leaders expressing optimism about upcoming discussions. Trump stated that Secretary of State Rubio, Secretary of the Treasury Bessent, Secretary of Commerce Lutnick, and high-ranking Mexican officials would lead the negotiations. President Trump stated his anticipation for collaborating with President Sheinbaum in these negotiations to reach a bilateral agreement. President Sheinbaum outlined necessary border policy adjustments as a precondition for the talks, and Trump acknowledged Mexico's troop deployment. “Mexico will reinforce the northern border with 10,000 members of the National Guard immediately, to stop drug trafficking from Mexico to the United States, in particular fentanyl,” Sheinbaum announced on X. “The United States commits to work to stop the trafficking of high-powered weapons to Mexico.” President Trump earlier reported speaking with the Canadian Prime Minister and planned a follow-up conversation. Both Canada and Mexico had planned retaliatory measures, but Mexico has temporarily suspended its response. Trump reiterated his criticisms of Canada's lack of cooperation, despite their long history of friendship and partnerships. “Canada doesn’t even allow U.S. Banks to open or do business there,” Trump stated. “What’s that all about? Many such things, but it’s also a DRUG WAR, and hundreds of thousands of people have died in the U.S. from drugs pouring through the Borders of Mexico and Canada.” Financial markets, businesses, and consumers are preparing for potential tariff impacts. Initial stock market reactions indicated some optimism that the tariffs, with their inflationary and disruptive potential, might be short-lived. However, significant uncertainty remains about the President's stance on tariffs, given his past advocacy and even suggesting that the 1913 shift to income tax was a mistake. Trump previously stated that the tariffs would be lifted if Canada and Mexico strengthened their efforts against illegal immigration and fentanyl smuggling, though specific criteria remain unclear. He also insisted that the U.S. can no longer tolerate trade imbalances with its largest trading partners. Mexico faces a 25% tariff, while Canada would face a 25% tariff on imports and a 10% tariff on energy products. China faces an additional 10% tariff due to its role in fentanyl production and distribution, according to the White House. Kevin Hassett, director of the White House National Economic Council, downplayed the situation as a trade war, despite potential retaliations and escalation risks. “Read the executive order where President Trump was absolutely, 100% clear that this is not a trade war,” Hassett said. “This is a drug war.” Even if the focus is on drugs, Trump's comments frequently highlight his belief that foreign countries exploit the United States through trade surpluses. He recently announced impending tariffs on the European Union. He has presented tariffs as a diplomatic tool for national security issues, a revenue-raising measure, and a means to renegotiate trade agreements. Multiple outside economists have warned that the tariffs would increase prices and hinder growth, contradicting Trump's past campaign promises to control inflation. Joe Brusuelas, chief economist at RSM, stated that while a U.S. recession this year is unlikely, the tariffs would negatively impact growth and increase government borrowing costs, potentially raising mortgage and auto loan interest rates. “If there is no resolution, the impact on the U.S. economy will be significant,” he said. “Growth will slow notably from the 2.9% average over the past three years as inflation and interest rates rise. The yield on the 10-year Treasury, currently around 4.5%, could climb to a range between 4.75% and 5%.” __ Sherman reported from Mexico City.















