Meta Platforms Inc. (NASDAQ:META) is significantly increasing its commitment to artificial intelligence investments, a choice that CEO Mark Zuckerberg robustly supports. The firm, recognized for its ambitious technological progress, has been allocating considerable funds to AI development. Zuckerberg claims that these expenditures are already generating significant benefits, in terms of both technological progress and financial outcomes. In a recent earnings presentation, Zuckerberg highlighted the profound influence AI is exerting across all of Meta’s offerings. From improving user interactions to streamlining advertisement placement, AI is emerging as a fundamental element of Meta’s overall approach. ‘AI isn't merely a piece of what's to come; it's an essential ingredient in our present-day activities,’ Zuckerberg declared. This emphasis on AI aligns with wider industry patterns, as major technology companies increasingly utilize machine learning and artificial intelligence to maintain their competitive edge. Meta’s strategy entails weaving AI into its various platforms to boost user interaction and foster revenue expansion. As an example, AI-driven algorithms are being employed to tailor content for individual users, thereby making platforms such as Facebook and Instagram more captivating. Meta’s financial commitment to AI has drawn some criticism. Certain analysts express doubts about the sustainability of such substantial outlays over time, particularly considering the unpredictable character of technology investments. Nevertheless, Zuckerberg maintains his conviction, pointing to recent achievements in AI-powered advertising approaches that have resulted in higher advertising income. Furthermore, Meta’s AI projects extend beyond applications designed for consumers. The firm is additionally investigating AI’s capabilities within virtual reality (VR) and augmented reality (AR), sectors that Zuckerberg considers crucial for the future of digital engagement. Through the fusion of AI with VR and AR, Meta intends to develop deeply immersive experiences that will fundamentally alter how users engage with digital material. Shareholders appear to concur with Zuckerberg’s positive outlook. Meta’s latest financial statements indicate an upward trajectory, where AI contributes notably to the company’s income sources. The financial markets have reacted positively, thereby confirming Meta’s chosen strategic path. To summarize, Meta’s dedication to AI highlights a more extensive transformation within the technology sector towards utilizing sophisticated technologies to improve business results. Although difficulties persist, especially concerning the ethical governance of AI, Meta seems adequately prepared to handle these intricate issues. As artificial intelligence advances further, its influence on Meta’s activities and the broader tech industry is expected to expand, potentially redefining the digital environment. Footnotes: Meta's Chief Executive Officer, Mark Zuckerberg, talks about the effects and profitability of AI investments. .
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by: nicole
Daughter demands answers after 80-year-old woman’s death, allegedly left behind by cruise ship on island
The daughter of an 80-year-old woman, who was discovered deceased following her alleged abandonment by a cruise ship, has recently advocated for an inquiry into her mother's death, labeling the event "a failure of care and common sense."Suzanne Rees, a participant in a cruise, was discovered deceased on Sunday, following her being reported missing on Saturday night.Rees had last been observed during a group hiking tour on an island situated approximately 200 miles north of Cairns; however, she did not return to the Coral Adventurer cruise ship, which departed around 6 p.m. on Saturday.Witnesses reported hearing disturbances on the radio and observed the ship heading back towards the island using a vessel tracking system.Australia's national maritime safety regulator informed a digital news outlet that the incident was reported by the vessel around 10 p.m. local time Saturday, prompting the regulator to initiate a response.An AMSA spokesperson stated that they provided assistance to Queensland Police during the search and are maintaining close collaboration with Queensland authorities, including Queensland Police and WorkSafe Queensland.In a statement, the spokesperson wrote, "AMSA will evaluate if there was any non-compliance related to the passenger not being counted on board the ship and will take appropriate action to address any issues, if necessary. AMSA plans to conduct inquiries on the vessel upon its arrival in Darwin. We are currently investigating the specific circumstances regarding why the passenger may not have been accounted for during boarding. AMSA extends its condolences to the family and loved ones of the deceased individual. Our thoughts are with them during this challenging period."Rees's daughter, Katherine, conveyed to an outlet that "from the limited information we have received, it appears there was a failure of care and common sense.""Police have informed us that it was an exceptionally hot day, and Mum felt unwell during the hill climb. She was reportedly asked to descend by herself, unescorted," Katherine told the outlet. "Subsequently, the ship departed, seemingly without conducting a passenger headcount."The family has reportedly expressed their hope to ascertain whether Rees's death might have been preventable.The Coroner's Court of Queensland confirmed to ABC on Wednesday that Rees's death had been "referred to the coroner for investigation."Following the completion of the coroner's investigation, a decision will be rendered concerning the commencement of an inquest into the death.AMSA stated that specific details regarding the vessel's arrival time and AMSA's subsequent actions are not being released, as the investigation is still ongoing."The Coral team has been in communication with the woman's family, and we intend to persist in providing them support throughout this challenging period," Coral Expeditions CEO Mark Fifield reportedly conveyed in a statement. "While inquiries into the incident are ongoing, we express our profound regret that this event took place and are extending our full assistance to the woman's family."According to AMSA, the vessel's operation is subject to regulation under maritime standards and applicable workplace laws. Pilar Arias of a digital news outlet contributed to this report.
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Ultra-Orthodox protests in Jerusalem regarding Israel’s draft exemption spark clashes
An estimated 200,000 Ultra-Orthodox demonstrators gathered in Jerusalem on Thursday to protest Israel's military conscription policy, with clashes with police leading to numerous injuries. Magen David Adom, Israel's emergency medical service, reported 56 individuals sustained injuries. Additionally, a police officer was hurt by stones thrown by the protesters. The protest disrupted key routes into the capital, as participants from various parts of the country united against initiatives to draft Ultra-Orthodox, or Haredi, men into the Israel Defense Forces. The demonstration occasionally became violent as law enforcement sought to clear obstructed highways and re-establish control.Central to the escalating tensions is a decades-old exemption permitting Ultra-Orthodox men engaged in full-time religious seminary studies to bypass military service — a policy widely perceived by many Israelis as profoundly inequitable.While military service is obligatory for the majority of Jewish men and women, Haredi Jews have historically benefited from an exemption, a prerogative established at Israel's inception. They contend that their lifestyle, which revolves around Torah study and communal religious observance, is incompatible with full military duty. Their concerns include conscription potentially eroding their religious identity, exposing them to secular influences, and dismantling their established communal frameworks.Given the military's engagements on multiple fronts over the last two years, it has experienced increasing personnel shortfalls, leading to renewed pushes to abolish the exemption. The Supreme Court last year deemed the existing arrangement unconstitutional, directing the government to enact a new conscription statute.The Supreme Court's decision has significantly destabilized Prime Minister Benjamin Netanyahu’s coalition government. His Ultra-Orthodox partners — the Shas and United Torah Judaism parties — withdrew from the government in July, alleging he had betrayed their religious constituency. Parliament has not yet reached a compromise acceptable to both Haredi leaders and the military.Opposition figures publicly denounced the violence. Yair Lapid stated on X, "If you are able to march in the streets, you are able to march in basic training and defend the State of Israel." Benny Gantz, referencing footage of an assault on a female reporter, commented, "There is nothing Jewish about this conduct."
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More than 100 perish in Brazil’s most lethal police operation as Rio officials confront drug gangs in favelas
According to media reports, at least 132 individuals, including four law enforcement officers, lost their lives on Tuesday during an extensive Brazilian police operation.The BBC reported that this offensive, which occurred in the city’s favelas—poor neighborhoods that have long suffered from organized crime—was the most fatal in Rio’s history. Officials stated that the raid targeted drug gangs that continue to exert control over vast areas of the city, specifically aiming to confront the powerful Comando Vermelho, or "Red Command" organization, which dominates significant urban territories.The local public defender’s office announced the casualty count, though Rio state Governor Cláudio Castro cautioned that forensic work was still in progress. He mentioned that the official figure he had received was 58 dead but added that this number was "certain to change."Castro remarked, "To be quite honest with you, the conflict unfolded entirely in the woods, not within a built-up area." He continued, "Therefore, I do not believe anyone was simply taking a stroll in the woods on a day of conflict. And that’s why we can easily classify them."Authorities reported that suspects allegedly utilized drones to drop explosives on police officers as the operation progressed.Castro stated, "This demonstrates how criminals treat the Rio police: with bombs dropped by drones. This is the scale of the challenge we confront. This is not ordinary crime, but narco-terrorism."Brazilian President Luiz Inácio Lula da Silva expressed his dismay over the killings and indicated his surprise that the federal government had not been informed about the raid in advance.On X, formerly Twitter, Castro disclosed that the raid had been meticulously planned for over two months following a year-long investigation, and that "the scenario encountered was the one that had been anticipated."He also paid tribute to those killed during the operation."Marcus Vinícius Cardoso de Carvalho, commissioner of the 53rd Police Station; Rodrigo Velloso Cabral, from the 39th Police Station; and Cleiton Serafim Gonçalves and Heber Carvalho da Fonseca, both sergeants of BOPE, gave their lives fulfilling the duty to protect the Fluminense population," the governor wrote.By Wednesday, Castro’s office announced that 113 people had been arrested, 10 teenagers detained, and authorities had seized 91 rifles, 29 pistols, 14 explosive devices, and one ton of cocaine.This deadly operation has reignited debate in Brazil concerning police tactics, human rights, and the government’s ongoing struggle to control powerful gangs deeply entrenched in Rio’s impoverished communities.
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Samsung’s Third-Quarter Profit Soars 160%
Samsung Electronics announced a substantial 160% rise in its third-quarter profit, primarily driven by a strong rebound in its semiconductor division. This positive shift comes after a challenging period characterized by a significant drop in chip demand, which had negatively impacted the company’s financial performance. The South Korean technology leader's results this quarter underscore its strategic strength and capacity to adjust to market fluctuations. The semiconductor segment, a critical component of Samsung's operations, experienced a recovery as worldwide demand for memory chips grew. This increased demand was fueled by advancements in artificial intelligence, 5G networks, and cloud computing, all of which require considerable memory capacity. Samsung's effective utilization of these trends has significantly contributed to its financial achievements this quarter. In addition to its chip business, Samsung’s consumer electronics division also performed robustly, showing strong sales in smartphones and household appliances. The newest range of Galaxy smartphones has been particularly well-received by consumers, further boosting the company's revenue streams. Despite these favorable results, Samsung maintains a cautious outlook for the future, noting potential challenges such as geopolitical tensions and unstable global economic conditions. The company is actively addressing these risks by diversifying its business portfolio and investing heavily in research and development to sustain its competitive advantage. Samsung’s strategic emphasis on innovation and environmental stewardship is evident in its recent initiatives aimed at reducing carbon emissions and enhancing energy efficiency across its manufacturing processes. These efforts are consistent with global sustainability goals and meet the growing consumer preference for eco-friendly products. The company’s shares, traded on the Korea Exchange under KRX:005930, reacted positively to the earnings announcement, reflecting investor confidence in Samsung’s long-term growth prospects. As the global tech landscape continues its evolution, Samsung is well-positioned to leverage its technological expertise and market leadership to capture emerging opportunities. In summary, Samsung’s impressive third-quarter performance highlights its resilience and strategic foresight in navigating market challenges. The revival of its chip operations, coupled with solid sales in consumer electronics, has established a strong foundation for future expansion. As Samsung persists in innovating and adapting to shifting market dynamics, it remains a powerful entity in the worldwide technology sector. Footnotes: Samsung’s profit increase was significantly influenced by the resurgence of demand in the semiconductor sector.
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by: emer
TruMerit’s Peter Preziosi Elected President of the Conference of NGOs in Consultative Relationship With the United Nations
NEW YORK, Oct 31, 2025 - (ACN Newswire via SeaPRwire.com) - TruMerit President and CEO Peter Preziosi has been elected President of the Conference of Non-Governmental Organizations in Consultative Relationship with the United Nations, also known as CoNGO.CoNGO | TruMeritConference of Non-Governmental Organizations in Consultative Relationship with the United Nations, also known as CoNGO and TruMeritCoNGO is an international non-governmental organization founded in 1948 that relates to the United Nations through its General Consultative Status granted by the United Nations Economic and Social Council (ECOSOC). It has 525 member organizations from around the world and 106 associate members.Dr. Preziosi was elected to serve for the 2025-29 term this week at the 28th CoNGO General Assembly, which took place in New York with the virtual participation of organizations from around the world. He succeeds the Rev. Dr. Liberato C. Bautista, the main representative to the UN for the General Board of Church and Society of The United Methodist Church, who has served as CoNGO's President since 2017 and also held the post from 2007 to 2011.TruMerit has been a member of CoNGO since 2018 and is active in the organization's affairs, having served as the organization's Secretary to the CoNGO Board and as chair of its Membership Committee.Dr. Preziosi is the first Registered Nurse to serve as CoNGO President. He is a nonprofit executive who since early 2023 has led TruMerit, formerly known as CGFNS International, a health workforce development organization committed to advancing the ethical mobility and professional growth of health workers worldwide. Previously, he was employed by the World Health Organization to help establish its technology-driven global learning center, the WHO Academy.Dr. Bautista, the former President of CoNGO, extended his warm congratulations to Dr. Preziosi on his election. "His experience at TruMerit and at WHO, coupled with his profound dedication to multilateralism and his engagement with civil society, provide a basis for optimism regarding CoNGO's future. In an era where the voice and influence of civil society are of paramount importance in shaping a shared future that upholds human dignity and rights, as well as planetary sustainability, Dr. Preziosi's leadership is expected to enhance CoNGO's role as a pivotal supporter and advocate for democratic and equitable participation within the United Nations and beyond," he stated."CoNGO has long been a vital convener of NGOs, a bridge between civil society and an advocate for their engagement at the United Nations, as well as a steadfast champion of inclusive multilateralism - a concept that, unfortunately, is increasingly under attack," said Preziosi."In response, let us assert civil society participation at the United Nations not as a plea, but as a principle - one that is essential to legitimate, effective, and ethical multilateralism, and thereby is critical to the attainment of the Sustainable Development Goals and adherence to the rule of law," he said.About CoNGO (Conference of Non-Governmental Organizations in Consultative Relationship with the United Nations)The Conference of Non-Governmental Organizations in Consultative Relationship with the United Nations (CoNGO) is an independent, international membership association founded in 1948, the year of the Universal Declaration of Human Rights. As a non-governmental organization (NGO) in general consultative status with the UN Economic and Social Council, our work relates to the entire United Nations System: the Secretariat, Agencies, Treaty Bodies, Regional Commissions, Institutes, Summits and World Conferences.CoNGO wholeheartedly endorses the goals and values enshrined in the United Nations Charter and is a strong advocate for multilateralism to resolve global political, environmental, health, and other threats. Close to 30 CoNGO Substantive Committees (called NGO Committees) related to CoNGO in New York, Geneva, Vienna, and regions worldwide demonstrate our commitment to supporting the mission of the United Nations, systemwide. CoNGO has a membership of diverse NGOs working in consultation with the United Nations, in collaboration with each other, and in cooperation with other like-minded stakeholders. ngocongo.orgAbout TruMeritTruMerit is a worldwide leader in healthcare workforce development. Formerly known as CGFNS International, the organization has a nearly 50-year history supporting the career mobility of nurses and other healthcare workers - and those who license and hire them - by validating their education, skills, and experience as they seek authorization to practice in the United States and other countries. As TruMerit, this mission has been expanded to building workforce capacity that meets the needs of people in a rapidly evolving global health landscape. Through its Global Health Workforce Development Institute, the organization is advancing evidence-based research, thought leadership, and advocacy in support of healthcare workforce development solutions, including globally recognized practice standards and certifications that will enhance career pathways for healthcare workers. www.trumerit.orgContact InformationDavid St. Johndstjohn@trumerit.orgSOURCE: TruMerit Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Swedish Court’s Non-Deportation of Convicted Rapist Sparks Outrage, PM Vows Crackdown
Widespread anger has erupted in Sweden, triggering a backlash against its justice system, after an appeals court chose not to deport a convicted rapist, determining his assault on a 16-year-old girl did not meet the standard of being "exceptionally grave."The Court of Appeal for northern Norrland verified that Yezied Mohamed, an Eritrean national and undocumented immigrant, received a three-year prison sentence for the rape of a 16-year-old girl from Skellefteå on September 1, 2024. The court recognized the seriousness of the offense but concluded it did not reach the necessary level for deportation due to its specific nature and limited timeframe.Prime Minister Ulf Kristersson quickly denounced the decision, issuing a statement pledging more stringent deportation legislation. Kristersson declared, "No one should have to fear encountering their assailant or rapist on the street. Individuals who commit serious offenses in Sweden and are not Swedish citizens ."Responding in writing, Judge Lars Viktorsson indicated that the court weighed both the character and length of the act, pointing out the absence of a weapon, that intercourse did not occur, and that "the incident’s duration had been brief." Viktorsson affirmed, "While the duration of the rape was indeed relevant in evaluating the deportation issue, the nature of the offense was equally, if not more, significant."Kristersson vowed to enact "the most rigorous legislation across all Nordic countries," asserting that any crime carrying a penalty greater than a fine could result in deportation. He added, "These new, more stringent regulations are projected to lead to six times more deportations. We are pursuing measures unprecedented by any prior government."Migration Minister Johan Forssell reinforced the prime minister's stance in an X video, labeling the incident as unacceptable. He declared, "The right of victims to feel safe must consistently take precedence over an offender's right to remain in Sweden. I will introduce new legislation next year that will position Sweden as the most uncompromising nation in the Nordic region regarding deportations linked to criminal activity."He further stated, "It is also imperative that we re-examine the international conventions that have, until now, impeded crucial deportations. . . . This initiative aims to deliver justice and provide victims with the dignity and resolution they merit."Initially, the District Court acquitted him, acknowledging that a rape took place but determining there was inadequate proof identifying him as the assailant. Following an appeal, the Court of Appeal reversed that judgment, finding that Mohamed corresponded to descriptions provided by the victim and a witness, and that forensic findings located him close to the area.The court handed down a three-year prison sentence, which is the shortest term for rape in Sweden, and mandated him to pay 240,000 Swedish krona (approximately $25,600) in compensation. The ruling stated that despite the offense's severity, it did not possess "an exceptionally grave nature" sufficient to warrant deportation under refugee safeguards. A dissenting judge advocated for his expulsion.The ruling garnered international attention after assertions on social media suggested Mohamed was not deported because the rape "lasted less than ten minutes." Although the judgment contains no explicit timeframe, the court verified that the duration was among the elements considered in its evaluation.Christian Peterson, a Swedish journalist, informed Digital that the court's phrasing – specifically referencing the "character and duration" of the offense – "became a focal point for public indignation."Peterson explained, "The judges individually decided which elements of the crime were pertinent and if they were grave enough to warrant deportation. This is precisely what renders the ruling so contentious."A widely circulated post by Swedish commentator Evelina Hahne, which amassed nearly 10 million views and was shared by Elon Musk, criticized Swedish courts for being too lenient towards migrants, rekindling a national discussion on crime and immigration.Peterson stated that the case underscores a larger problem: the challenges Sweden faces in deporting migrants, even subsequent to serious convictions.He commented, "In Sweden, it is extremely challenging to deport migrants, even individuals found guilty of severe offenses. This particular case has become symbolic, as many perceive it as illustrating how the system prioritizes protecting perpetrators over victims."He cited comparable incidents, such as the 2016 murder of Elin Krantz by an Ethiopian man holding a residence permit, and recent accounts of rapes in senior care facilities involving foreign-born staff.Peterson observed, "Substantial reforms only started to materialize after the right-wing coalition assumed power in 2022. Prior to that, the matter was regarded as excessively politically sensitive."Nonetheless, he mentioned, "Sweden did not participate in a Danish-Italian proposal aimed at reforming the European Convention on Human Rights, which critics argue restricts the capacity to deport convicted criminals. Denmark, Italy, and Austria endorsed this initiative, while Sweden did not."With escalating public indignation, the Swedish government is under increasing pressure to enact more rigorous policies.Judge Viktorsson stated that the court adhered to current law and established precedent, "but the authority to alter deportation criteria rests with legislators."
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Microsoft Stock Falls Despite Strong Earnings
Microsoft (NASDAQ:MSFT) recently released its quarterly financial results, revealing substantial revenue figures that exceeded Wall Street's forecasts. Notwithstanding these robust financial outcomes, the firm's shares saw an unforeseen dip, leading analysts to reconsider their present evaluations and outlooks. Shareholders expressed surprise at the market's response, given that the earnings statement indicated a significant rise in both income and profitability. Experts link the fall in share value to several elements, such as market instability and wider economic worries, which seem to have eclipsed the company's favorable financial performance. Azure, Microsoft's cloud computing arm, maintained its strong expansion, making a substantial contribution to the corporation's total revenue. The performance of this division is considered a primary engine for Microsoft's future expansion, with numerous analysts retaining an optimistic perspective on its enduring prospects. Notwithstanding the market's initial sentiment, some financial experts are contemplating improving their ratings for Microsoft, pointing to the company's deliberate investments in artificial intelligence and cloud advancements as encouraging signs for continuous growth. These sectors are anticipated to be instrumental in defining the firm's competitive advantage within the tech industry. The recent downturn in Microsoft's share value might offer a purchasing chance for investors confident in the company's enduring potential. Nevertheless, it also underscores the intrinsic unpredictability of the equities market and the multifaceted elements that can sway investor confidence. As Microsoft persists in innovation and broadening its product suite, the corporation remains well-situated to leverage nascent trends within the technology domain. The latest earnings statement stands as proof of its robustness and flexibility in a swiftly evolving market environment. To conclude, although the instant response to Microsoft's financial disclosure was less favorable than anticipated, the company's robust financial results and strategic undertakings imply a promising future. Both investors and analysts will be diligently tracking Microsoft's advancements in the upcoming months, as it endeavors to uphold its position as a frontrunner in the worldwide technology sector. Footnotes: The market's response to Microsoft's stock price caught numerous analysts off guard, notwithstanding the favorable earnings announcement. . The firm's cloud computing segment persists as a significant catalyst for growth, impacting analyst evaluations. .
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Red Cross accepts two coffins of deceased hostages in Gaza Strip, IDF reports
On Thursday, Israel stated that the Red Cross had confirmed it had taken possession of "two coffins containing deceased hostages" and these were en route to Israeli Defense Forces (IDF) personnel in the Gaza Strip.The IDF's statement reiterated its demand for Hamas to release the remains of all deceased hostages.Earlier on Thursday, Israel had reported receiving intelligence that the Red Cross was traveling to a designated meeting location in the central Gaza Strip to collect coffins believed to hold the remains of deceased hostages.Prime Minister Benjamin Netanyahu's office confirmed the coffins' transit to Israel, noting, "All families of the hostages have been informed, and our thoughts are with them during this trying period. The endeavor to bring back our hostages continues relentlessly until every last one is home."Netanyahu's office indicated it would furnish further updates "as required."Reports on Tuesday indicated that a coffin previously transferred to Israel was believed to contain the remains of a hostage whose burial had already occurred. These remains were subsequently identified as Ofir Tzarfati, whose body was initially found in 2023.According to the Hostages and Missing Families Forum, a portion of Tzarfati's remains were returned in March 2024, and in August 2024, Hamas released an image of his body.Tzarfati's family issued a statement saying, "This marks the third instance we have had to unearth Ofir's grave and reinter our son. The 'circle' seemingly concluded in December 2023, yet it never truly does. Ever since, we have endured a wound that perpetually resurfaces, caught between remembrance and yearning, sorrow and purpose."Should these two coffins indeed contain the remains of deceased hostages, an additional 11 sets of remains would still be unrecovered, potentially including those of two U.S. citizens, Itay Chen and Omer Neutra. To date, Israel has recovered the remains of 15 out of 28 deceased hostages.Those identified among the returned remains of hostages include Aryeh Zalmanovich, Master Sergeant (Res.) Tamir Adar, Staff Sgt. Tal Haimi, Suntaya Akrasi, Ronen Tommy Engel, Eliyahu Margalit, Uriel Baruch, Staff Sgt. Tamir Nimrodi, Eitan Levi, Daniel Peretz, Yossi Sharabi, Guy Illuz, Bipin Joshi, Inbar Hayman, and Sergeant Major Muhammad Al-Atresh.This situation is evolving. Further updates will be provided as they become available.
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BioNxt Announces “Readiness to Grant” Patent Notification from Eurasian Patent Organization
VANCOUVER, BC / October 30, 2025 / BioNxt Solutions Inc., herein referred to as “BioNxt” or “the Company” (CSE:BNXT)(OTCQB:BNXTF)(FSE:BXT), an innovator in bioscience specializing in advanced drug delivery systems, is pleased to announce it has received a “Readiness to Grant” notification from the Eurasian Patent Organization (EAPO). This notification pertains to the Company’s comprehensive patent application for the sublingual administration of anticancer medications used in treating autoimmune neurodegenerative conditions. This patent family presents several exclusive avenues for product development and commercialization, notably including BioNxt’s primary product, BNT23001, which is a sublingual thin-film version of Cladribine intended for multiple sclerosis (MS) treatment. BioNxt anticipates the EAPO will officially issue the patent once a publication fee is paid, which the Company plans to remit to the EAPO within the current week. The EAPO’s jurisdiction extends across Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Turkmenistan. These nations are signatories to the Eurasian Patent Convention (EAPC), which establishes a unified, standardized patent application system and regulatory body for the area. Eurasian patents granted by the EAPO are effective in all eight member countries, collectively home to over 200 million people. “Securing patent protection is vital to our commercialization approach,” stated Hugh Rogers, CEO of BioNxt. He added, “This timing is highly opportune, as the Company is just days from starting a two-week large-animal bioequivalence study designed to establish dosing guidelines for our forthcoming human bioequivalence study. BioNxt anticipates a period of significant progress in the coming months as numerous clinical programs move forward and our intellectual property holdings achieve global recognition and safeguarding.” The procedure for nationalizing the patent is currently in progress across significant global markets, such as the European Union, Canada, Australia, Eurasia, New Zealand, and Japan. Additionally, a Track One priority application has been submitted in the United States. Both the European Patent Office and the Eurasian Patent Office have provided positive feedback, formally acknowledging the novelty, inventive aspect, and industrial applicability of the patent. About BioNxt Solutions Inc. BioNxt Solutions Inc. stands as a bioscience innovator dedicated to pioneering advanced drug delivery methods, diagnostic screening technologies, and the creation of active pharmaceutical ingredients. The Company's distinct platforms—Sublingual (Thin-Film), Transdermal (Skin Patch), and Oral (Enteric-Coated Tablets)—are engineered to address critical therapeutic areas such as autoimmune diseases, neurological conditions, and factors related to longevity. Operating research and development facilities in both North America and Europe, BioNxt is actively pursuing regulatory approvals and commercialization initiatives, with a primary emphasis on European markets. BioNxt is dedicated to elevating healthcare standards through the provision of accurate, patient-focused solutions designed to better treatment results globally. BioNxt's shares are listed on the Canadian Securities Exchange under BNXT, on OTC Markets as BNXTF, and are traded in Germany with WKN: A3D1K3. For further information about BioNxt, please visit . Investor Relations & Media Contact Hugh Rogers, Co-Founder, CEO and Director Email: Phone: +1 778.598.2698 Web: LinkedIn: Instagram: Cautionary Statement Regarding “Forward-Looking” Information This press release includes forward-looking statements as defined by relevant securities legislation. These statements encompass information concerning the development, trials, regulatory clearance, and commercialization of BioNxt’s sublingual drug offerings, alongside anticipated milestones, prospective collaborations, and potential market prospects. Forward-looking statements inherently involve considerable risks, uncertainties, and presumptions, many of which lie outside BioNxt’s influence. Elements that could lead to actual results varying substantially include, but are not limited to, holdups in regulatory approvals, unfavorable outcomes from clinical investigations, shifts in market demand, variations in funding accessibility, or interruptions in supply chains. Readers are advised against placing excessive trust in these forward-looking statements, as actual results could diverge significantly from those stated or implied. BioNxt is under no obligation to amend or update forward-looking statements, except where mandated by law. Other factors that could lead to actual results differing substantially from projections include alterations in market demand, regulatory changes, postponements in clinical trials, swings in financing availability, disruptions to the supply chain, and unforeseen competitive challenges. SOURCE: BioNxt Solutions Inc.
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MHI and Nippon Shokubai to Develop Ammonia Cracking System for NEDO’s “Development of Technologies for Building a Competitive Hydrogen Supply Chain” Project
Ammonia Cracking Plant (3D Rendering)TOKYO, October 30, 2025 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) and NIPPON SHOKUBAI CO., LTD. (Nippon Shokubai) have received approval for their jointly submitted proposal to Japan's New Energy and Industrial Technology Development Organization (NEDO) for its "Development of Technologies for Building a Competitive Hydrogen Supply Chain" project.The selected project aims to develop technology for the construction of a hydrogen supply chain using ammonia as a hydrogen carrier (hydrogen storage and transport medium), promoting development of medium-scale, decentralized ammonia cracking technology near hydrogen demand sites. The project advances ammonia cracking technology using steam and exhaust gases, employing an independently developed, low-temperature, highly active and highly durable ammonia cracking catalyst without the use of noble metals typically used in conventional low-temperature active catalysts. This innovative technology will be used to verify challenges toward practical application.Following the project selection, the two companies will conduct the following activities during the project period through fiscal 2027, with long-term testing in mind, using a commercial-scale demonstration plant. MHI will leverage its extensive experience in ammonia plant construction and its knowledge of ammonia handling to carry out the basic design (Front End Engineering Design: FEED) of the demonstration plant. MHI will finalize the demonstration plant specifications aiming to resolve technical challenges necessary for commercialization, with support from Hokkaido Electric Power Co., Inc. (HEPCO). Nippon Shokubai will promote the development of elemental technologies focused on verifying the durability of ammonia cracking catalysts, utilizing its abundant experience and expertise in catalyst development and practical application, including process catalysts such as acrylic acid catalysts and environmental catalysts for automotive and exhaust gas treatment.MHI and Nippon Shokubai will promote the development of ammonia cracking systems that contribute to building hydrogen and ammonia supply chains, aiming for early establishment and social implementation of decarbonization technologies, and contributing to the realization of a sustainable carbon-neutral society.HEPCO, aiming to achieve carbon neutrality in Hokkaido by 2050 across the entire energy sector, is expanding the introduction of renewable energy and decarbonizing power sources, while promoting initiatives related to ammonia, hydrogen, and carbon capture utilization and storage (CCUS) in the Tomakomai region and other areas of Hokkaido.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. All rights reserved. www.jcnnewswire.com
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NEC and e& Sign MoU to Drive Joint Sustainability Initiatives
TOKYO, October 30, 2025 - (JCN Newswire via SeaPRwire.com) - NEC Corporation (NEC; TSE: 6701), a leading global IT and network transformation services provider, and e&, a global technology group, have announced a strategic partnership. The two organizations have signed a Memorandum of Understanding (MoU) establishing a framework for joint sustainability initiatives focused on reducing environmental impact, advancing social inclusion, and creating long-term economic value.The MoU was signed by NEC’s GCC branch and e&, aligning the two companies on collaborative programs that advance responsible growth and underpin transparent sustainability governance.Operating in 38 countries across the Middle East, Asia, Africa, and Europe, e& is focused on driving sustainable growth, digital empowerment, and innovation. With a strong commitment to Environmental, Social, and Governance (ESG) principles, e& continuously seeks partnerships that amplify its positive environmental and social impact.NEC, sharing this vision, integrates sustainability into its operations and global supply chain, prioritizing environmental harmony and responsible growth. This shared commitment forms the foundation of their new strategic collaboration.Under the MoU, the two companies will explore joint initiatives to reduce their environmental footprint, develop low-carbon and energy-efficient solutions, and promote circular economy practices. The collaboration also covers areas such as renewable integration, resource optimization, and transparent sustainability governance—all designed to accelerate the transition toward a more sustainable digital future. This MoU with NEC is an initiative that stems from Project Life which is a transformative initiative launched by e& Group Procurement to drive its Responsible Sourcing Strategy and align with the e& group-wide sustainability vision of 2030, further reinforcing e&’s commitment to sustainable and responsible sourcing."I firmly believe that strong partner relationships are the cornerstone of our success. These partnerships are not only instrumental in driving innovation, efficiency, and mutual growth but also play a pivotal role in fostering sustainable practices that benefit our communities and the environment. Together, we are committed to building a future where collaboration, trust, and sustainability converge to create shared achievements and long-term value for all stakeholders."Saeed Al Zarooni - Group Chief Procurement Officer of e& Group"Through this MoU with NEC, we’re aligning delivery with our Climate Transition Plan, ‘Ambition to Action’, which outlines our pathway to net zero. This partnership reflects our shared ambition to accelerate sustainable innovation and deliver meaningful impact. As long-term trusted partners, we are confident that our collaboration with NEC will create lasting value, support environmental goals, and drive inclusive digital transformation for the benefit of our communities and the planet. By combining technology with clear accountability, we aim to help industries transition to a greener, more inclusive digital future."- Andrew Dunnett, Group Senior Vice President of Sustainability, e&"We are proud to collaborate with e& through this MoU to support both business growth and sustainability ambitions. NEC is committed to delivering innovative, energy-efficient solutions that help drive environmental progress and operational excellence through technology and shared values."- Masayuki Kayahara, Corporate SVP, Global Network Division, NEC CorporationTogether, NEC and e& aim to set a benchmark for sustainable innovation, fostering a legacy of environmental stewardship and positive societal impact.About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com or NEC’s Network Solutions at https://www.nec.com/en/global/solutions/5g/index.html.About e&e& is a global technology group committed to advancing the digital future across markets in the Middle East, Asia, Africa and Europe. With the group's financial performance in 2024 showing a consolidated revenue of AED 59.2 billion and a net profit of AED 10.8 billion, e& continues to maintain its position as a financial powerhouse, reflected by its strong credit rating and solid balance sheet.Founded in Abu Dhabi over 48 years ago, e& has evolved from a telecom pioneer into a technology group. Its footprint now spans 38 countries, offering a comprehensive portfolio of innovative digital services ranging from advanced connectivity, entertainment, streaming and financial services to AI-powered solutions, cloud computing, ICT, cybersecurity and IoT platforms.The Group is structured around five core business pillars: e& UAE, e& international, e& life, e& enterprise and e& capital, each catering to distinct customer and market needs. These pillars empower e& to lead in various sectors, from telecom and digital lifestyle to enterprise services and venture investments. The ongoing strategic investments in AI, IoT, 5G and cloud services reinforce its leadership in the global technology landscape, driving the future of smart connectivity and innovation.Driven by innovation, sustainability and a commitment to digital empowerment, e& is set on creating a smarter, more connected future for individuals, businesses and communities.To learn more about e&, visit eand.com. Copyright 2025 JCN Newswire via SeaPRwire.com. All rights reserved. www.jcnnewswire.com
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by: amanda
Decent Cybersecurity Highlights Slovakia’s Tech Leadership at the EU–NZ Business Summit
Auckland, New Zealand – October 30, 2025 – (SeaPRwire) – At the inaugural European Union – New Zealand Business Summit, Decent Cybersecurity represented Europe’s growing strength in digital and defence technologies. The company’s Founder and CEO, Matej Michalko, joined industry leaders to discuss innovation partnerships, cybersecurity resilience, and post-quantum readiness across trans-Pacific markets. The event gathered over 400 participants from business, technology, and research communities, underscoring a shared commitment to building secure and sustainable digital infrastructure between Europe and New Zealand. Hosted by Hon Todd McClay, New Zealand’s Minister for Trade & Investment, in partnership with Team Europe (the Ambassadors of the EU and its Member States), the Summit celebrated the strong growth of trans-Pacific cooperation. Since the EU–NZ Free Trade Agreement entered into force in 2024, two-way trade has already risen by NZ $2 billion, reaching NZ $21.6 billion in 2025. The event was officially opened by Prime Minister Christopher Luxon, who described the EU as “an innovation partner” and emphasised the shared values and strategic alignment between Europe and New Zealand in advancing trade, defence, and technology. A Platform for Global Partnerships and Digital Innovation Commissioner Šefčovič, a native of Slovakia, delivered a keynote address outlining Europe’s vision for resilient supply chains, strategic autonomy, and secure digital transition. Later in the day, the “Quickfire with Central and Eastern Europe” session showcased innovation leaders from across the region. Representing European Union and its member country Slovakia, Matej Michalko presented on the country’s growing role in post-quantum cybersecurity, AI for defence systems, and trusted blockchain infrastructure — areas where Decent Cybersecurity is establishing Europe-wide leadership. “It was an honour to represent European Union and Slovakia alongside Commissioner Šefčovič and to demonstrate how our country is contributing to Europe’s digital and defence sovereignty,” said Matej Michalko, CEO of Decent Cybersecurity. “The EU–New Zealand partnership opens new doors for innovation, technology exchange, and secure infrastructure development that transcend continents.” Shared Vision for Innovation and Security The Summit agenda featured strategic panels on clean tech, AI, bioeconomy, and aerospace & defence, with global leaders from Airbus, Rocket Lab, OHB, and Maersk. It culminated with a joint address by Commissioner Šefčovič and Minister McClay, setting out a shared vision for deeper economic and technological integration between Europe and New Zealand — an effort strongly endorsed by Prime Minister Luxon in his opening remarks. For Decent Cybersecurity, participation in this summit reinforces its mission to connect European post-quantum, blockchain and AI-driven innovation with global partners in the Asia-Pacific region — bridging defence, technology, and critical-infrastructure ecosystems. About Decent Cybersecurity Decent Cybersecurity s. r. o. is a European deep-tech company developing post-quantum and blockchain-based cybersecurity solutions for defence and critical infrastructure. Certified by TÜV SÜD (ISO 9001 and ISO 27001) and holding NATO, EU, and national SECRET-level security clearances, the company is a member of European Defence Fund (EDF) projects and a founding member of the Critical Infrastructure Association of Slovak Republic (Asociácia kritickej infraštruktúry SR, AKI SR). Media contact Brand: Decent Cybersecurity Contact: Media team Email: business@decentcybersecurity.eu Website: https://decentcybersecurity.eu
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by: grit
MHI Thermal Systems Launches Two New Models of Air-to-Water Heat Pumps Using Natural Refrigerant R290 for European Market
Hydrolution EZY SeriesTOKYO, October 30, 2025 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a part of Mitsubishi Heavy Industries (MHI) Group, has added two new models to its "Hydrolution EZY" series of air-to-water (ATW) heat pumps for the European market that utilize R290 (propane). This is a natural refrigerant with low environmental impact and high energy efficiency. The new models have capacities of 6kW and 7.1kW and are scheduled for release this winter.ATW heat pumps extract heat from the air to supply cold and hot water for domestic water supply, heating, and cooling, replacing traditional fossil-fueled boilers.The models added to the lineup are monobloc types in which the water heat exchanger is housed in an outdoor unit, with only water piping required. Compared to split-type ATWs, which require the refrigerant pipe connections between an outdoor unit and an indoor unit, installation is easier.The R290 refrigerant used in these models has a very low environmental impact(*1) while retaining high energy efficiency. This is particularly important for the European market, as environmental regulations are tightened.Modifications that allow the use of R290 also enable the units to maintain a flow temperature of 75 in a wide range of environments, from an outside temperature of -25 to 43 meaning the unit can be relied upon for heating and domestic hot water applications even in the coldest regions. These latest models, in addition to high-temperature water-heating capabilities, are silent and easy to install, with only water piping and an electricity supply to the outdoor unit required. When operating at maximum capacity, the 6kW model has a sound pressure level, a measure of noise intensity, of just 34dB(A)(*2). The unit also has a quiet mode for reduced operating noise, providing flexibility to comply with noise regulations in densely populated residential areas.In addition, as a safety measure, the units are equipped with a refrigerant leak detection sensor. In the event of a leak, the unit will stop running, and a fan engaged to dissipate any escaped refrigerant.In order to better integrate into a range of installation environments across Europe, including residential areas, the models have been visually redesigned with an understated, modern appearance. The front of the now all-black unit is fitted with a fan guard accented with a silver vertical line and is designed to make it difficult to see the fan from an oblique direction.By promoting the transition from boiler combustion using fossil fuels that emit high concentrations of CO2, to ATW using electricity, Hydrolution EZY can make a significant contribution to carbon neutrality in European countries, and the achievement of MHI Group's MISSION NET ZERO.In October 2021, MHI Group announced its MISSION NET ZERO declaration to achieve carbon neutrality across the entire corporate group by 2040 by reducing CO2 emissions from its own plants and other production-related facilities, as well as through reductions in the CO2 emissions at customer facilities that use MHI Group products.Going forward, MHI Thermal Systems will continue to develop environmentally friendly technologies and products that take advantage of the breadth of the refrigeration and heating sector, and contribute to carbon neutrality in Europe and countries around the world.(*1) R290 has a global warming potential (GWP) of only 0.02. Global Warming Potential (GWP) is a coefficient expressing the greenhouse effect of a gas relative to carbon dioxide (CO2), which has a fixed GWP of 1.0. The lower the value, the lower the greenhouse effect and the better for the environment. The GWP value of "0.02" is adopted based on the IPCC Sixth Assessment Report.(*2) Value measured at three meters in front of the unit.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. All rights reserved. www.jcnnewswire.com
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Decent Cybersecurity Highlights Slovakia’s Tech Leadership at the EU-NZ Business Summit
Auckland, New Zealand, Oct 30, 2025 - (ACN Newswire via SeaPRwire.com) - At the inaugural European Union – New Zealand Business Summit, Decent Cybersecurity represented Europe's growing strength in digital and defence technologies. The company's Founder and CEO, Matej Michalko, joined industry leaders to discuss innovation partnerships, cybersecurity resilience, and post-quantum readiness across trans-Pacific markets. The event gathered over 400 participants from business, technology, and research communities, underscoring a shared commitment to building secure and sustainable digital infrastructure between Europe and New Zealand.Hosted by Hon Todd McClay, New Zealand's Minister for Trade & Investment, in partnership with Team Europe (the Ambassadors of the EU and its Member States), the Summit celebrated the strong growth of trans-Pacific cooperation. Since the EU–NZ Free Trade Agreement entered into force in 2024, two-way trade has already risen by NZ $2 billion, reaching NZ $21.6 billion in 2025.The event was officially opened by Prime Minister Christopher Luxon, who described the EU as "an innovation partner" and emphasised the shared values and strategic alignment between Europe and New Zealand in advancing trade, defence, and technology.A Platform for Global Partnerships and Digital InnovationCommissioner Šefcovic, a native of Slovakia, delivered a keynote address outlining Europe's vision for resilient supply chains, strategic autonomy, and secure digital transition. Later in the day, the "Quickfire with Central and Eastern Europe" session showcased innovation leaders from across the region.Representing European Union and its member country Slovakia, Matej Michalko presented on the country's growing role in post-quantum cybersecurity, AI for defence systems, and trusted blockchain infrastructure — areas where Decent Cybersecurity is establishing Europe-wide leadership."It was an honour to represent European Union and Slovakia alongside Commissioner Šefcovic and to demonstrate how our country is contributing to Europe's digital and defence sovereignty," said Matej Michalko, CEO of Decent Cybersecurity. "The EU–New Zealand partnership opens new doors for innovation, technology exchange, and secure infrastructure development that transcend continents."Shared Vision for Innovation and SecurityThe Summit agenda featured strategic panels on clean tech, AI, bioeconomy, and aerospace & defence, with global leaders from Airbus, Rocket Lab, OHB, and Maersk. It culminated with a joint address by Commissioner Šefcovic and Minister McClay, setting out a shared vision for deeper economic and technological integration between Europe and New Zealand — an effort strongly endorsed by Prime Minister Luxon in his opening remarks.For Decent Cybersecurity, participation in this summit reinforces its mission to connect European post-quantum, blockchain and AI-driven innovation with global partners in the Asia-Pacific region — bridging defence, technology, and critical-infrastructure ecosystems.About Decent CybersecurityDecent Cybersecurity s. r. o. is a European deep-tech company developing post-quantum and blockchain-based cybersecurity solutions for defence and critical infrastructure. Certified by TÜV SÜD (ISO 9001 and ISO 27001) and holding NATO, EU, and national SECRET-level security clearances, the company is a member of European Defence Fund (EDF) projects and a founding member of the Critical Infrastructure Association of Slovak Republic (Asociácia kritickej infraštruktúry SR, AKI SR).Media contactBrand: Decent CybersecurityContact: Media teamWebsite: https://decentcybersecurity.eu Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Five More Apprehended in Louvre Heist Investigation; $102M Crown Jewels Still Unrecovered
French investigators announced Thursday that five additional suspects have been apprehended concerning the audacious daytime theft from the Louvre Museum, even though the invaluable artifacts remain unrecovered.Police conducted the arrests in distinct operations across France, including the Seine-Saint-Denis region, prosecutor Laure Beccuau informed RTL radio. The identities of those detained have not been disclosed.One of the newly arrested individuals is believed to be a part of the four-person team that stormed the Louvre’s Apollo Gallery in broad daylight on Oct. 19, making off with jewels valued at 88 million euros ($102 million) in under eight minutes.Beccuau stated, "Searches conducted last night and overnight did not result in the discovery of the items."Two other members of the group were taken into custody Sunday and subsequently faced preliminary charges Wednesday of criminal conspiracy and other offenses. Beccuau mentioned that both have partially acknowledged their involvement in the heist.A 34-year-old Algerian national, who has lived in France since 2010, was apprehended at Charles de Gaulle Airport as he attempted to flee to Algeria on a one-way ticket. He resided in Aubervilliers, a northern suburb of Paris, and was previously known to police for traffic violations. His DNA was recovered from a scooter utilized in the escape.The second suspect, aged 39, was arrested at his home, also in Aubervilliers. He was known to law enforcement for several prior thefts. Investigators linked his DNA to a glass display case that housed the stolen jewels, as well as to items the thieves left behind, the prosecutor added.The perpetrators employed a basket lift to scale the museum’s exterior, forced open a window, and used cutting tools to breach display cases in the Apollo Gallery. They absconded with eight historical pieces, including:– A sapphire diadem, necklace, and earring set associated with Queens Marie-Amélie and Hortense– An emerald necklace and earrings once belonging to Empress Marie-Louise, Napoleon’s second wife– A reliquary brooch– Empress Eugénie’s diamond diadem and an elaborate corsage-bow broochEugénie’s emerald-encrusted crown – adorned with over 1,300 diamonds – was later found damaged but salvageable outside the museum.Museum authorities acknowledged a "significant failure" in security. However, Beccuau indicated there is no evidence suggesting the theft was an inside job.In a direct plea to those holding the missing jewels, Beccuau warned Wednesday night that they are "unsellable" due to their historical importance and urged their return."Anyone who purchases them would be guilty of concealing stolen property," she declared. "There is still an opportunity to return them." Digital’s Anders Hagstrom, along with
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by: grit
Hitachi Energy and Blackstone Energy Transition Partners enter strategic partnership to create leading energy service provider in North America
Zurich and New York, October 30, 2025 - (JCN Newswire via SeaPRwire.com) - Hitachi Energy, a wholly owned subsidiary of Hitachi, Ltd., today announced a strategic partnership with Blackstone Energy Transition Partners (“Blackstone”) to expand and strengthen its Service business, supporting customers in maintaining the reliability and safety of power infrastructure across North America. As part of the partnership, Hitachi Energy will acquire a stake in Shermco – a leading provider of comprehensive maintenance, repair, testing, commissioning, and design services in North America, recently acquired by private equity funds affiliated with Blackstone.The partnership brings together three industry leaders: Hitachi Energy, a global technology leader in electrification; Blackstone, the world’s largest alternative asset manager; and Shermco, a leading provider of electrical services in the U.S. and Canada. Together, they will seek to expand service capacity and capabilities to deliver comprehensive lifecycle support for critical energy infrastructure, from power generation and transmission to data centers and industrial electrification.“Investing in Shermco in partnership with Blackstone enables Hitachi Energy to accelerate our growth and expand service capabilities across North America. Our investment strengthens our service offering as we continue to scale, helping customers maintain and extend the life of existing assets while making the grid stronger, more resilient and fit for the future.”“We’re thrilled to welcome Hitachi Energy as a strategic partner alongside Blackstone,” said Phil Petrocelli, CEO of Shermco. “This investment is a testament to our commitment to serving our customers’ essential power needs and reputation for safety and excellence. With this additional support and resources, we look forward to expanding our footprint and capabilities to continue to accelerate our growth together.”“Hitachi Energy is a global leader across technology and energy with deep digital and operational expertise,” said David Foley, Global Head of Blackstone Energy Transition Partners. “We are excited to partner with Hitachi Energy to build on Shermco's success alongside Phil Petrocelli and its exceptional management team.” JP Munfa and Darius Sepassi, Senior Managing Directors at Blackstone, added, “Hitachi Energy’s investment in Shermco brings together a global technology leader in electrification with one of the leading North American providers of mission-critical maintenance, testing and design services for electrical equipment. We are thrilled to be partnering with Hitachi Energy and look forward to working together to accelerate Shermco’s next phase of growth in an era of rapid electrification and increasing demand.”Hitachi Energy’s $1 billion global investment in ServiceIn addition, Hitachi Energy is investing more than $1 billion USD globally to expand its Service footprint, launching new digital service solutions with HMAX Energy, and growing its workforce — including the development and certification of over 5,000 additional service experts worldwide. “By combining Hitachi Energy’s grid expertise and digital solutions with Shermco’s nationwide field service presence, we will set a new benchmark for electrical infrastructure services – creating the leading service partner in North America driving asset reliability and performance as well as digital innovation for utilities, industries and data centers alike,” said Wolf Mueller, Managing Director of Hitachi Energy’s Service Business.Strengthening Service capabilities for the electricity eraGlobally, power grids are aging, and the experienced workforce is retiring, creating significant challenges. As electrification accelerates across industries, transportation, and digital infrastructure, service is the backbone of grid modernization. Much of today’s grid infrastructure – more than 70 percent of U.S. transmission lines1 – is decades old, nearing or past its intended lifecycle, leading to higher outage risks, cyber vulnerabilities and costly emergency repairs. Service is critical to help data centers, utilities and industries maintain, upgrade, and optimize their infrastructure and increase the reliability, safety, flexibility and sustainability of energy systems.1DOE, What does it take to modernize the U.S.electric grid?(1) Founded in 1974 and headquartered in Texas, Shermco is one of the largest electrical testing organizations accredited by the InterNational Electrical Testing Association (“NETA”), providing comprehensive electrical system maintenance, repair, testing, commissioning and design services, with more than 600 NETA technicians and 200 engineers across 40 service centers in the U.S. and Canada. Shermco provides critical services for data centers, utilities and diversified commercial and industrial end-markets, partnering with customers to enhance the safety, reliability and efficiency of their critical electrical infrastructure, while minimizing downtime and outages.(2) HMAX Energy is Hitachi’s upcoming digitally enabled and AI-powered services offering related to the energy sector. As a key pillar of the company’s Lumada 3.0 strategy, HMAX Energy integrates digital capabilities, domain expertise, service excellence, and installed base intelligence to maximize uptime, safety, efficiency, and asset lifetime. These capabilities will empower customers to shift from reacting to predicting - future-proofing their energy infrastructure.About Hitachi, Ltd.Through its Social Innovation Business (SIB) that brings together IT, OT (Operational Technology) and products, Hitachi contributes to a harmonized society where the environment, wellbeing, and economic growth are in balance. Hitachi operates globally in four sectors – Digital Systems & Services, Energy, Mobility, and Connective Industries – and the Strategic SIB Business Unit for new growth businesses. With Lumada at its core, Hitachi generates value from integrating data, technology and domain knowledge to solve customer and social challenges. Revenues for FY2024 (ended March 31, 2025) totaled 9,783.3 billion yen, with 618 consolidated subsidiaries and approximately 280,000 employees worldwide. Visit us at https://www.hitachi.com.About Hitachi EnergyHitachi Energy is a global technology leader in electrification, powering a sustainable energy future with innovative power grid technologies with digital at the core. Over three billion people depend on our technologies to power their daily lives. With over a century in pioneering mission-critical technologies like high-voltage, transformers, automation, and power electronics, we are addressing the most urgent energy challenge of our time – balancing soaring electricity demand, while decarbonizing the power system. With an unparalleled installed base in over 140 countries, we co-create and build long-term partnerships across the utility, industry, transportation, data centers, and infrastructure sectors. Headquartered in Switzerland, we employ over 50,000 people in 60 countries and generate revenues of around $16 billion USD.https://www.hitachienergy.comhttps://www.linkedin.com/company/hitachienergyhttps://x.com/HitachiEnergyAbout Blackstone Energy Transition PartnersBlackstone Energy Transition Partners is Blackstone’s strategy for control-oriented equity investments in energy-related businesses, a leading energy investor with a successful long-term record, having committed over $27 billion of equity globally across a broad range of sectors within the energy industry. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering more reliable, affordable and cleaner energy to meet the needs of the global community. In the process, we build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders. Further information is available at https://www.blackstone.com/our-businesses/blackstone-energy-transition-partners/.About ShermcoHeadquartered in Irving, TX, Shermco provides electrical testing, maintenance, commissioning and repair services to a wide range of utility, industrial, energy and other end markets. With more than 40 locations, Shermco serves a diversified blue-chip client base across North America. The Company is an active participant in NETA (the InterNational Electrical Testing Association), EASA (Electrical Apparatus Service Association), and ACP (American Clean Power Association). For more information, visit www.shermco.com. Copyright 2025 JCN Newswire via SeaPRwire.com. All rights reserved. www.jcnnewswire.com
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by: jenn
Wall Street Worries Over Meta’s AI Investments
Meta Platforms Inc. (NASDAQ:META) recently released its financial projections, indicating a heightened focus on investments in artificial intelligence (AI). This announcement has caused disquiet on Wall Street, fueling worries about the company’s future profitability amid rising AI-related costs. Analysts have voiced skepticism regarding whether such significant investments will generate substantial short-term returns. The company, nevertheless, maintains an optimistic outlook, affirming these expenditures are vital for maintaining its competitive advantage in the technology sector. The tech giant’s dedication to AI forms part of a broader strategy to embed advanced technologies across its product and service offerings. Meta believes that leveraging AI can enrich user experience, enhance content moderation, and stimulate innovation across its various platforms. Despite these promising prospects, investors are cautious about the potential impact on profit margins, considering the considerable capital needed for AI development. Historically, Meta has been recognized for its aggressive investment strategies, frequently channeling resources into emerging technologies to solidify its market position. While this approach has proven successful in the past, the high stakes involved with AI have led to increased scrutiny from financial analysts. The company’s stock has experienced volatility as investors weigh the potential benefits against the immediate financial burden. A primary area where Meta intends to deploy AI is in advertising. Through optimizing ad delivery and targeting, AI could potentially boost revenue streams. However, the effectiveness of these implementations is yet to be proven, and any delays in realizing returns could intensify investor anxiety. Furthermore, the competitive landscape is growing more intense, with other tech giants also striving for AI dominance. In response to these challenges, Meta has outlined several initiatives designed to balance its AI ambitions with financial prudence. Cost-reduction measures in non-core areas and an emphasis on efficiency are integral to the company’s strategy for mitigating financial risks. Moreover, Meta’s leadership has underscored transparency in communicating the anticipated outcomes of its AI projects, aiming to reassure stakeholders about the long-term vision. The wider market reaction to Meta’s AI spending strategy reflects a cautious optimism. While the potential for considerable technological advancement is acknowledged, the uncertainty surrounding immediate financial impacts cannot be overlooked. This situation highlights a common dilemma for technology companies: the necessity to innovate while effectively managing investor expectations. As Meta advances with its AI initiatives, the upcoming quarters will be crucial in determining if the company’s strategic gamble will yield positive results. Success would not only validate its strategic direction but also bolster confidence in its capacity to navigate the complexities of technological evolution. Conversely, any setbacks could prompt a reassessment of its investment priorities and potentially affect its standing on Wall Street. Footnotes: Meta’s recent financial guidance has sparked concerns about future profitability due to heightened spending on AI. .
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CMS (867.HK; 8A8.SG) NDA for AD Indication of Long-acting Anti-IL-4Ra Humanized Monoclonal Antibody Injection MG-K10 Accepted in China
SHENZHEN, Oct 30, 2025 - (ACN Newswire via SeaPRwire.com) - China Medical System Holdings Limited (“CMS”) is pleased to announce that its subsidiary, Dermavon Holdings Limited (“Dermavon”, an innovative pharmaceutical company specialized in skin health which is applying for a separate listing on the Main Board of The Stock Exchange of Hong Kong Limited, please refer to the announcement of CMS on 22 April 2025 for details) together with its subsidiaries, holds co-development rights (except for atopic dermatitis (AD)) and exclusive commercialization rights for the Class 1 innovative drug anti-IL-4Rα MG-K10 humanized monoclonal antibody injection (“MG-K10” or the “Product”). The New Drug Application (“NDA”) has been accepted by National Medical Products Administration (“NMPA”) on 30 October 2025. The product is intended for the treatment of adult with moderate-to-severe AD whose disease is not adequately controlled with topical prescription therapies or when those therapies are not advisable.MG-K10 (generic name: Comekibart Injection) is an innovative long-acting anti-IL-4Rα humanized monoclonal antibody that simultaneously blocks the signaling of key type 2 inflammatory cytokines IL-4 and IL-13. With a longer half-life, the Product enables a four-week dosing frequency (currently marketed anti-IL-4Rα drugs require biweekly dosing), which is expected to improve patient adherence. MG-K10 is expected to become the world's first long-acting anti-IL-4Rα monoclonal antibody to be launched on the market, and has the potential to become the Best-in-Class (BIC).MG-K10 has achieved positive results in a randomized, double-blind, placebo-controlled Phase III clinical study in adults with moderate-to-severe AD, meeting the primary research endpoint as designed, and at 52 weeks of treatment with MG-K10, proportion of participants with Investigator Global Assessment (IGA) score of 0 or 1, also with an improvement of ≥2 points from baseline is 76.6%; proportion of participants with ≥75% reduction in Eczema Area and Severity Index (EASI 75) from baseline is 94.3 %; proportion of participants with ≥90% reduction in Eczema Area and Severity Index (EASI 90) from baseline is 79.1 %. Regarding safety, most of the Treatment Emergent Adverse Event (TEAE) were Grade 1-2, with no Adverse Event of Special Interest (AESI) or fatal adverse event occurred. The incidence of common adverse reactions (conjunctivitis, injection site reactions, etc.) of drugs with the same target is relatively low for MG-K10.The Product has the potential for the treatment of other type 2 inflammatory diseases, such as asthma, prurigo nodularis, seasonal allergic rhinitis, chronic obstructive pulmonary disease, chronic spontaneous urticaria, chronic rhinosinusitis with nasal polyps, and eosinophilic esophagitis. Among them, asthma, prurigo nodularis and seasonal allergic rhinitis have all entered the phase III clinical trial stage in China.If MG-K10 is approved, it will provide a new, effective, and safe systemic treatment option for 14.5 million patients with moderate-to-severe AD[1]. Furthermore, MG-K10 will generate synergy with Dermavon's ruxolitinib cream (for mild to moderate AD), the oral small molecule TYK2 inhibitor CMS-D001 (for moderate to severe AD), and dermatology-grade skincare products of Heling soothing product series, establishing a comprehensive solution for AD that covers various administration routes (injection, oral, and topical) and addresses multiple needs in “treatment + care”, benefiting a wide range of AD patients. Concurrently, it will further enrich Dermavon's product portfolio in the field of dermatological treatment and reinforce its leading position in skin health sector.On 24 January 2025, CMS through its subsidiaries entered into a Collaboration Agreement (“Agreement”) with Hunan Mabgeek Biotech Co., LTD and its subsidiaries for MG-K10. In accordance with the Agreement and supplementary agreements, CMS has obtained the co-development rights (excluding AD) and exclusive commercialization rights for the Product in Mainland China, Hong Kong Special Administrative Region, Macao Special Administrative Region, Taiwan Region and Singapore; its subsidiary Dermavon has obtained, through its subsidiary, the co-development rights (excluding AD) and exclusive commercialization rights for the Product in the field of dermatological indications in Mainland China.About AD IndicationMG-K10’s first indication, AD, is a chronic inflammatory skin disease accompanied by severe itching. It is the most burdensome non-fatal skin disease worldwide and also a chronic disease with a relatively high prevalence and significant disease burden in China. It is estimated that there are over 54 million AD patients in China in 2024. Based on SCORAD scores, the proportion of moderate to severe AD in China was 27%, which means there are over 14.5 million patients[1]. Due to the limitations in efficacy and safety of traditional systemic therapies for AD, moderate to severe AD patients often experience delays in systemic treatment initiation, poor compliance, and suboptimal disease control, leaving a significant unmet need in clinical practice[2]. MG-K10, with its extended dosing interval of once every four weeks, is expected to improve patient adherence and provide a new, effective, and safe systemic treatment option for patients with moderate-to-severe AD.About CMSCMS is a platform company linking pharmaceutical innovation and commercialization with strong product lifecycle management capability, dedicated to providing competitive products and services to meet unmet medical needs.CMS focuses on the global first-in-class (FIC) and best-in-class (BIC) innovative products, and efficiently promotes the clinical research, development and commercialization of innovative products, enabling the continuous transformation of scientific research into clinical practices to benefit patients.CMS deeply engages in several specialty therapeutic fields, and has developed proven commercialization capabilities, extensive networks and expert resources, resulting in leading academic and market positions for its major marketed products. CMS continues to promote the in-depth development in its advantageous specialty fields, strengthening the competitiveness of the cardio-cerebrovascular/ gastroenterology/ ophthalmology/ skin health businesses, bringing economies of scale in specialty fields. Among them, the skin health business (Dermavon) has become a leading enterprise in its field, and is proposed to be listed independently on the SEHK. Meanwhile, CMS continuously promotes the operation and development of its integrated R&D, manufacturing and commercialization chain in Southeast Asia and the Middle East, capturing growth opportunities in emerging markets to support the high-quality and sustainable development of the Group.Reference:1. China Insights Consultancy. Industry report on global and China Dermatology Treatment and Care Industry2. Chinese Society of Dermatology, China Dermatologist Association. Clinical pathway for the diagnosis and treatment of moderate to severe atopic dermatitis in China (2023): an expert consensus[J]. Chinese Journal of Dermatology, 2023, 56(11): 1000-1007. DOI: 10.35541/cjd.20230247.CMS Disclaimer and Forward-Looking StatementsThis press release is not intended to promote any products to you and is not for advertising purposes. This press release does not recommend any drugs, medical devices and/or indications. If you want to know more about the diagnosis and treatment of specific diseases, please follow the opinions or guidance of your doctor or other medical and health professionals. Any treatment-related decisions made by healthcare professionals should be based on the patient’s specific circumstances and in accordance with the drug package insert.This press release which has been prepared by CMS does not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or be relied on in connection with any contract or binding commitment whatsoever. This press release has been prepared by CMS based on information and data which it considers reliable, but CMS makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this press release. Certain matters discussed in this press release may contain statements regarding the Group’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Group and the Company is not responsible for such third-party statements and projections.Media ContactBrand: China Medical System Holdings Ltd.Contact: CMS Investor RelationsEmail: ir@cms.net.cnWebsite: https://web.cms.net.cn/en/home/ Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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CMS (867.HK; 8A8.SG) NDA for AD Indication of Long-acting Anti-IL-4Rα Humanized Monoclonal Antibody Injection MG-K10 Accepted in China
SHENZHEN, CHINA – October 30, 2025 – (SeaPRwire) – China Medical System Holdings Limited (“CMS”) is pleased to announce that its subsidiary, Dermavon Holdings Limited (“Dermavon”, an innovative pharmaceutical company specialized in skin health which is applying for a separate listing on the Main Board of The Stock Exchange of Hong Kong Limited, please refer to the announcement of CMS on 22 April 2025 for details) together with its subsidiaries, holds co-development rights (except for atopic dermatitis (AD)) and exclusive commercialization rights for the Class 1 innovative drug anti-IL-4Rα MG-K10 humanized monoclonal antibody injection (“MG-K10” or the “Product”). The New Drug Application (“NDA”) has been accepted by National Medical Products Administration (“NMPA”) on 30 October 2025. The product is intended for the treatment of adult with moderate-to-severe AD whose disease is not adequately controlled with topical prescription therapies or when those therapies are not advisable. MG-K10 (generic name: Comekibart Injection) is an innovative long-acting anti-IL-4Rα humanized monoclonal antibody that simultaneously blocks the signaling of key type 2 inflammatory cytokines IL-4 and IL-13. With a longer half-life, the Product enables a four-week dosing frequency (currently marketed anti-IL-4Rα drugs require biweekly dosing), which is expected to improve patient adherence. MG-K10 is expected to become the world’s first long-acting anti-IL-4Rα monoclonal antibody to be launched on the market, and has the potential to become the Best-in-Class (BIC). MG-K10 has achieved positive results in a randomized, double-blind, placebo-controlled Phase III clinical study in adults with moderate-to-severe AD, meeting the primary research endpoint as designed, and at 52 weeks of treatment with MG-K10, proportion of participants with Investigator Global Assessment (IGA) score of 0 or 1, also with an improvement of ≥2 points from baseline is 76.6%; proportion of participants with ≥75% reduction in Eczema Area and Severity Index (EASI 75) from baseline is 94.3 %; proportion of participants with ≥90% reduction in Eczema Area and Severity Index (EASI 90) from baseline is 79.1 %. Regarding safety, most of the Treatment Emergent Adverse Event (TEAE) were Grade 1-2, with no Adverse Event of Special Interest (AESI) or fatal adverse event occurred. The incidence of common adverse reactions (conjunctivitis, injection site reactions, etc.) of drugs with the same target is relatively low for MG-K10. The Product has the potential for the treatment of other type 2 inflammatory diseases, such as asthma, prurigo nodularis, seasonal allergic rhinitis, chronic obstructive pulmonary disease, chronic spontaneous urticaria, chronic rhinosinusitis with nasal polyps, and eosinophilic esophagitis. Among them, asthma, prurigo nodularis and seasonal allergic rhinitis have all entered the phase III clinical trial stage in China. If MG-K10 is approved, it will provide a new, effective, and safe systemic treatment option for 14.5 million patients with moderate-to-severe AD[1]. Furthermore, MG-K10 will generate synergy with Dermavon’s ruxolitinib cream (for mild to moderate AD), the oral small molecule TYK2 inhibitor CMS-D001 (for moderate to severe AD), and dermatology-grade skincare products of Heling soothing product series, establishing a comprehensive solution for AD that covers various administration routes (injection, oral, and topical) and addresses multiple needs in “treatment + care”, benefiting a wide range of AD patients. Concurrently, it will further enrich Dermavon’s product portfolio in the field of dermatological treatment and reinforce its leading position in skin health sector. On 24 January 2025, CMS through its subsidiaries entered into a Collaboration Agreement (“Agreement”) with Hunan Mabgeek Biotech Co., LTD and its subsidiaries for MG-K10. In accordance with the Agreement and supplementary agreements, CMS has obtained the co-development rights (excluding AD) and exclusive commercialization rights for the Product in Mainland China, Hong Kong Special Administrative Region, Macao Special Administrative Region, Taiwan Region and Singapore; its subsidiary Dermavon has obtained, through its subsidiary, the co-development rights (excluding AD) and exclusive commercialization rights for the Product in the field of dermatological indications in Mainland China. About AD Indication MG-K10’s first indication, AD, is a chronic inflammatory skin disease accompanied by severe itching. It is the most burdensome non-fatal skin disease worldwide and also a chronic disease with a relatively high prevalence and significant disease burden in China. It is estimated that there are over 54 million AD patients in China in 2024. Based on SCORAD scores, the proportion of moderate to severe AD in China was 27%, which means there are over 14.5 million patients[1]. Due to the limitations in efficacy and safety of traditional systemic therapies for AD, moderate to severe AD patients often experience delays in systemic treatment initiation, poor compliance, and suboptimal disease control, leaving a significant unmet need in clinical practice[2]. MG-K10, with its extended dosing interval of once every four weeks, is expected to improve patient adherence and provide a new, effective, and safe systemic treatment option for patients with moderate-to-severe AD. About CMS CMS is a platform company linking pharmaceutical innovation and commercialization with strong product lifecycle management capability, dedicated to providing competitive products and services to meet unmet medical needs. CMS focuses on the global first-in-class (FIC) and best-in-class (BIC) innovative products, and efficiently promotes the clinical research, development and commercialization of innovative products, enabling the continuous transformation of scientific research into clinical practices to benefit patients. CMS deeply engages in several specialty therapeutic fields, and has developed proven commercialization capabilities, extensive networks and expert resources, resulting in leading academic and market positions for its major marketed products. CMS continues to promote the in-depth development in its advantageous specialty fields, strengthening the competitiveness of the cardio-cerebrovascular/gastroenterology/ophthalmology/skin health businesses, bringing economies of scale in specialty fields. Among them, the skin health business (Dermavon) has become a leading enterprise in its field, and is proposed to be listed independently on the SEHK. Meanwhile, CMS continuously promotes the operation and development of its integrated R&D, manufacturing and commercialization chain in Southeast Asia and the Middle East, capturing growth opportunities in emerging markets to support the high-quality and sustainable development of the Group. Reference: China Insights Consultancy. Industry report on global and China Dermatology Treatment and Care Industry Chinese Society of Dermatology, China Dermatologist Association. Clinical pathway for the diagnosis and treatment of moderate to severe atopic dermatitis in China (2023): an expert consensus[J]. Chinese Journal of Dermatology, 2023, 56(11): 1000-1007. DOI: 10.35541/cjd.20230247. CMS Disclaimer and Forward-Looking Statements This press release is not intended to promote any products to you and is not for advertising purposes. This press release does not recommend any drugs, medical devices and/or indications. If you want to know more about the diagnosis and treatment of specific diseases, please follow the opinions or guidance of your doctor or other medical and health professionals. Any treatment-related decisions made by healthcare professionals should be based on the patient’s specific circumstances and in accordance with the drug package insert. This press release which has been prepared by CMS does not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or be relied on in connection with any contract or binding commitment whatsoever. This press release has been prepared by CMS based on information and data which it considers reliable, but CMS makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this press release. Certain matters discussed in this press release may contain statements regarding the Group’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Group and the Company is not responsible for such third-party statements and projections. Media Contact Brand: China Medical System Holdings Ltd. Contact: CMS Investor Relations Email: ir@cms.net.cn Website: https://web.cms.net.cn/en/home/