Insider Legacy Secret
Author

admin

Browsing
In Investing

Crypto Market Update: Americans Still Uninterested in Crypto Despite Institutional Support

No Comments

Here’s a quick recap of the crypto landscape for Wednesday (July 23) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$118,148, down by 0.7 percent over the last 24 hours. Its highest valuation on Wednesday was US$118,462, while its lowest valuation was US$117,583.

Bitcoin price performance, July 23, 2025.

Bitcoin price performance, July 23, 2025.

Chart via TradingView.

Bitcoin traded lower over the past 24 hours, hovering between $117,000 and $120,000 amid several market pressures.

A major whale moved over US$1.2 billion in dormant BTC, sparking speculation of potential selling.

After a rotation into altcoins, investors took profits following recent highs, while outflows from spot exchange-traded funds (ETFs) signaled weaker institutional demand.

Ethereum (ETH) was priced at US$3,592.65, down by 1.9 percent over the past 24 hours. Its lowest valuation as of Wednesday was US$3,568.86, and its highest was US$3,657.02.

Altcoin price update

  • Solana (SOL) was priced at US$188.86, down by 5.5 percent over 24 hours. Its lowest valuation on Wednesday was US$186.95, and its highest was US$192.58.
  • XRP was trading for US$3.25, down 8.9 percent in the past 24 hours. Its lowest valuation of the day was US$3.18, and its highest valuation was US$3.36.
  • Sui (SUI) is trading at US$3.70, down 5.5 percent over the past 24 hours. Its lowest valuation of the day was US$3.67, and its highest was US$3.84.
  • Cardano (ADA) was trading at US$0.8152, down by 6.9 percent over 24 hours. Its lowest valuation on Wednesday was US$0.8058, and its highest was US$0.8370.

Today’s crypto news to know

PNC Bank and Coinbase partner to advance digital asset solutions

PNC Bank and Coinbase Global (NASDAQ:COIN) have announced a strategic partnership to broaden access to digital asset solutions for PNC’s clients and institutional investors.

The collaboration will leverage Coinbase’s crypto-as-a-service platform, enabling PNC to offer secure and scalable cryptocurrency access. PNC clients will be able to buy, hold and sell cryptocurrencies directly through PNC’s platform.

PNC will also provide essential banking services to Coinbase, signifying a mutual commitment to strengthening the digital financial system. Both companies emphasize that this partnership will meet the increasing demand for secure and streamlined digital asset access.

Goldman Sachs and BNY to launch tokenized money market funds

Goldman Sachs (NYSE:GS) and BNY (NYSE:BK) are preparing to offer institutional investors access to tokenized money market funds, aiming to enhance capital markets with real-time settlement, 24/7 access and increased efficiencies.

BNY clients will soon be able to invest in money market funds with ownership recorded on Goldman Sachs’ private blockchain, as per a Wednesday news release.

“As the financial system transitions toward a more digital, real-time architecture, BNY is committed to enabling scalable and secure solutions that shape the future of finance,” said Laide Majiyagbe, global head of liquidity, financing and collateral at BNY, adding that mirrored tokenization of money market funds is the first step.

This initiative involves major players such as BlackRock (NYSE:BLK), Fidelity Investments, Federated Hermes and the asset management divisions of Goldman and BNY.

Tokenized money market funds offer a contrast to interest-bearing stablecoins, which are specifically prohibited under the GENIUS Act, which was signed into law last week. They provide yield, which makes them a low-volatility tool for hedge funds, pensions and corporations.

SEC halts Bitwise crypto index ETF conversion for review

On Tuesday (July 22), the US Securities and Exchange Commission’s (SEC) Division of Trading and Markets approved the Bitwise 10 Crypto Index to convert to an ETF, only to immediately pause it for review.

In a letter issued later that day, SEC Assistant Secretary Sherry Haywood said that the order will remain “stayed until the Commission orders otherwise.” Bloomberg ETF analyst Eric Balchunas has suggested that the SEC might be delaying its approval until it establishes a listing standard for crypto ETFs.

Bitwise had applied for this conversion in November for its fund, which offers exposure to a range of cryptocurrencies.

Nate Geraci, president of NovaDius Wealth Management, described the situation as “bizarre,” drawing parallels to the Grayscale Digital Large Cap ETF conversion, which experienced a similar approval and subsequent pause on July 1.

Bitcoin millionaires surge by 16,000 in 2025, according to report

Nearly 16,000 new Bitcoin wallets have crossed the million-dollar threshold since Donald Trump assumed the presidency in January 2025, according to a Finbold report. The number of Bitcoin millionaires is up from 132,842 in November 2024 to 192,205 as of July 20, marking a 45 percent increase in just eight months.

Large holders with over US$10 million in BTC also saw gains exceeding 16 percent in the same period.

The surge has been linked to renewed investor optimism following Trump’s re-election, along with clear signals of regulatory support and clarity for digital assets.

A significant boost came this week when the US House passed the Genius Act. The legislation, expected to streamline compliance for institutions, is widely seen as the most comprehensive federal crypto framework to date.

The rapidly changing policy environment has encouraged capital inflows and bolstered confidence in US-based crypto markets, with the resulting daily average tallying to 88 new Bitcoin millionaires in 2025 alone.

South Korea warns fund managers to reduce exposure to crypto stocks

South Korea’s Financial Supervisory Service (FSS) has issued informal warnings to asset managers over their exposure to crypto-related stocks and ETFs. According to the Korea Herald, firms with significant holdings in US-listed crypto companies such as Coinbase and Strategy (NASDAQ:MSTR) were reportedly told to scale back.

The directive follows the FSS’s longstanding 2017 stance prohibiting direct investment in virtual assets by financial institutions, despite recent global shifts in crypto regulation. While the agency has been reviewing possible easing of crypto rules, officials reportedly said that licensed entities must continue observing current guidelines.

The FSS has not yet issued a formal statement regarding the report.

PayPal unveils cross-border wallet platform

PayPal (NASDAQ:PYPL) has launched PayPal World, a cross-border payments network that integrates several of the world’s largest digital wallets, aiming to simplify international commerce for billions.

The platform’s initial partners include India’s UPI (via NPCI International), China’s Weixin Pay (via Tenpay Global) and PayPal’s own services including Venmo.

A memorandum of understanding has also been signed with Mercado Pago in Latin America.

According to PayPal CEO Alex Chriss, the initiative allows users to pay with their native wallets regardless of location. Chriss called it a potential “game changer” for frictionless payments in travel and e-commerce.

“The challenge of moving money across borders is incredibly complex, and yet this platform will make it so simple for nearly two billion consumers and businesses,’ Chriss said a recent press release.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
by
Read More
In Investing

Radiopharm Theranostics Receives IND approval from US FDA to Initiate Phase I Therapeutic Clinical Study to target B7H3 with Betabart

No Comments

 

  Lu177-B7H3 monoclonal antibody is first in class targeted radiopharmaceutical in development against the 4lg subtype of B7-H3  

 

  On track to initiate first-in-human study of RV-01 in solid tumors in 4Q25  

 

Radiopharm Theranostics (ASX: RAD,OTC:RDPTF, Nasdaq: RADX, ‘Radiopharm’ or the ‘Company’), a clinical-stage biopharmaceutical company focused on developing innovative oncology radiopharmaceuticals for areas of high unmet medical need, today announced that the U.S. Food and Drug Administration (FDA) has provided clearance of the Company’s Investigational New Drug (IND) application for Betabart (RV-01), its Lu177-B7H3 monoclonal antibody designed with strong affinity for the 4Ig isoform of B7H3 that is highly expressed in tumors and not in healthy tissues.

 

‘FDA clearance to initiate our first-in-human Phase 1 clinical trial of RV-01 represents a major milestone for Radiopharm Theranostics and our joint venture with MD Anderson Cancer Center,’ said Riccardo Canevari, CEO and Managing Director. ‘RV-01 is the first monoclonal antibody developed through this collaboration, and we believe it has the potential to become a highly differentiated radiopharmaceutical for patients with aggressive solid tumors. We are excited to advance this program into the clinic and anticipate dosing the first patients later this year.’

 

‘Recent reported preclinical studies demonstrated that RV-01 exhibits hepatic clearance, allowing the isotope sufficient time to effectively target tumors while potentially minimizing adverse effects such as hematological toxicities. Unlike peptides or small molecules, monoclonal antibodies are primarily cleared by the liver—an organ known for its radio-resistance. This characteristic, combined with the shortened half-life of RV-01 and the strong affinity for the target make this agent stand out and may offer a significant advantage not just over other monoclonal antibodies but also targeted radiotherapeutics with renal excretion pathway, the latter of which are often associated with higher risk of radiopharmaceutical-induced kidney toxicity,’ noted Dimitris Voliotis, M.D., Chief Medical Officer of Radiopharm Theranostics.

 

‘The high affinity and selectivity of RV-01 for the 4Ig isoform of B7H3 allows the antibody to bypass the soluble 2Ig isoform in the blood, boost binding of the radiopharmaceutical to tumor targets and avoid the formation of immune complexes in circulation,’ noted David Piwnica-Worms, M.D., Ph.D., Professor, MD Anderson Cancer Center, and scientific co-founder of Radiopharm Ventures.

 

B7-H3 is an immune checkpoint molecule that is overexpressed across several tumor types and has emerged as a compelling target for antibody-based cancer immunotherapy. Deregulated B7-H3 expression is consistently correlated with enhanced tumor aggressiveness and poor clinical outcomes. Targeting the 4 Ig isoform of B7-H3 with a selective radioligand therapy may offer a novel strategy for treating refractory or high-risk tumors.

 

  About RV-01  

 

RV-01 is the first radiopharmaceutical therapeutic agent developed by Radiopharm Ventures, the Joint Venture formed between Radiopharm Theranostics and MD Anderson Cancer Center (MDACC). RV-01 is a 177Lutetium-conjugated therapeutic that targets B7-H3, an immune checkpoint molecule that is overexpressed in several tumor types. Multiple preclinical studies with RV-01 have shown tumor shrinkage and prolonged survival in animals treated with the radiotherapeutic agent. RV-01 has received IND-clearance from the U.S. FDA and plans to initiate a first-In-human Phase 1 study in the second half of 2025.

 

  About Radiopharm Theranostics  

 

 Radiopharm Theranostics is a clinical stage radiotherapeutics company developing a world-class platform of innovative radiopharmaceutical products for diagnostic and therapeutic applications in areas of high unmet medical need. Radiopharm is listed on ASX (RAD) and on NASDAQ (RADX). The company has a pipeline of distinct and highly differentiated platform technologies spanning peptides, small molecules and monoclonal antibodies for use in cancer. The clinical program includes one Phase 2 and three Phase 1 trials in a variety of solid tumor cancers including lung, breast, and brain. Learn more at radiopharmtheranostics.com .

 

  Authorized on behalf of the Radiopharm Theranostics Board of Directors by Executive Chairman Paul Hopper.  

 

  For more information:  

 

  Investors:  
Riccardo Canevari
CEO & Managing Director
P: +1 862 309 0293
E: rc@radiopharmtheranostics.com

 

Anne Marie Fields
Precision AQ (formerly Stern IR)
E: annemarie.fields@precisionaq.com

 

  Media:  
Matt Wright
NWR Communications
P: +61 451 896 420
E: matt@nwrcommunications.com.au  

 

  Follow Radiopharm Theranostics:  
Website – https://radiopharmtheranostics.com/  
X – https://x.com/TeamRadiopharm  
LinkedIn – https://www.linkedin.com/company/radiopharm-theranostics/  
InvestorHub – https://investorhub.radiopharmtheranostics.com/  

 

  Primary Logo 

 

 

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com
by
Read More
In Investing

Allied Critical Metals Launches Allied USA to Expand Tungsten Import and Distribution Operations, Lists on OTCQB, and Receives DTC Eligibility

No Comments

Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) (‘Allied’ or the ‘Company’), which is focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce its listing on the OTCQB and the formation of its wholly owned U.S. subsidiary, Allied Critical Metals (USA), Inc. (‘Allied USA’), headquartered in Nashville, Tennessee. This strategic expansion marks a key milestone in ACM’s North American growth strategy and underscores its commitment to securing and supplying critical minerals to key U.S. industries.

United States Subsidiary

Allied USA will focus on the importation, marketing, and distribution of premium tungsten products across a range of sectors, including defense, aerospace, electronics, energy, and advanced manufacturing. Recognized for its exceptional hardness, density, and heat resistance, tungsten is essential to the development of high-performance technologies and national security applications.

‘We are proud to establish a dedicated U.S. subsidiary as we scale operations to meet rising domestic demand for strategic materials,‘ said Roy Bonnell, CEO of Allied Critical Metals. ‘The United States is a cornerstone market for tungsten, and Allied USA will allow us to serve our customers more directly with enhanced supply chain efficiency and superior product quality.’

The launch of Allied USA comes amid increasing interest in diversifying and securing domestic sources of critical minerals. With a focus on reliability, responsiveness, and technical excellence, Allied USA is positioned to become a trusted tungsten partner for U.S. manufacturers and government contractors.

Led by a team with deep industry expertise and strong market insight, Allied USA will prioritize building lasting customer relationships and ensuring the timely delivery of high-performance tungsten products across the country.

OTCQB Listing

Allied Critical Metals’ common shares are now trading in the United States on the OTCQB under the symbol ‘ACMIF’.

Roy Bonnell, CEO & Director commented, ‘Given the urgency to secure western sources of Tungsten and other critical metals, by the United States, securing an OTCQB listing was a priority for Allied. We expect U.S. investors will be a big part of the Company’s success as we move forward.’

To qualify for the OTCQB, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosures, and have a professional third-party sponsor introduction. OTCQB companies are distinguished by the integrity of their operations and the diligence with which they convey their qualifications.

U.S. investors can find current financial disclosures and real-time Level 2 quotes for the Company on www.otcmarkets.com/stock/ACMIF/overview.

DTC Eligibility

The Company is also pleased to announce that its common shares are now eligible for electronic clearing and settlement through The Depository Trust Company (‘DTC’) in the United States. DTC eligibility simplifies the process of trading and enhances liquidity for U.S. investors by accelerating settlement times and reducing costs associated with trading shares.

DTC is a subsidiary of the Depository Trust & Clearing Corporation (DTCC) that manages the electronic clearing and settlement of publicly traded companies. This eligibility provides a more streamlined process for investors and positions Allied to benefit from greater accessibility in the U.S. capital markets.

In addition, the Company has also entered into a financial advisory agreement dated June 20, 2025 as amended July 24, 2025 with Canaccord Genuity Corp. wherein it will provide financial advisory services in consideration for an advisory fee satisfied by the issuance of 1,200,000 common shares at a previously agreed effective price of $0.25 per share. The shares will be subject to a four month hold pursuant to the policies of the Canadian Securities Exchange and applicable securities laws.

About Allied Critical Metals Inc.

Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal. Tungsten has been designated a critical metal by the United States and other western countries, as they are aggressively seeking friendly sources of this unique metal. Currently, China, Russia and North Korea represent approximately 86% of the total global supply and reserves. The tungsten market is estimated to be valued at approximately USD $5 to $6 billion and it is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.

Please visit our website at www.alliedcritical.com.

Also visit us at:
LinkedIn: https://www.linkedin.com/company/allied-critical-metals-inc 
X: https://x.com/@alliedcritical/
Instagram: https://www.instagram.com/alliedcriticalmetals/

ON BEHALF OF THE BOARD OF DIRECTORS

Per: ‘Roy Bonnell’

Roy Bonnell
Chief Executive Officer and Director

Contact Information

For further information or investor relations inquiries, please contact:
Dave Burwell, Vice President, Corporate Development
Tel: 403 410 7907 | Toll Free: 1-888-221-0915
Email: daveb@alliedcritical.com

The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities of the Company have not been, nor will they be, registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.

Cautionary Statement Regarding Forward-Looking Information

This news release contains ‘forward-looking statements’, including with respect to the use of proceeds. Wherever possible, words such as ‘may’, ‘would’, ‘could’, ‘should’, ‘will’, ‘anticipate’, ‘believe’, ‘plan’, ‘expect’, ‘intend’, ‘estimate’, ‘potential for’ and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company’s management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company’s Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company’s profile at www.sedarplus.ca ). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and use of proceeds for exploration and development of the Company’s mineral projects as described in the Company’s Listing Statement, news releases, and corporate presentations. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Listing Statement dated April 23, 2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260253

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com
by
Read More
In Investing

Anteros Metals Initiates Channel Sampling at Havens Steady Following Grant Confirmation and Exploration Permit Approval

No Comments

Anteros Metals Inc. (CSE: ANT) (‘Anteros’ or the ‘Company’) is pleased to announce the commencement of a trenching and channel sampling program at its wholly-owned, road-accessible Havens Steady VMS Property (‘Havens Steady’ or the ‘Property’) in central Newfoundland. This milestone follows confirmation of a Junior Exploration Assistance (‘JEA’) grant, and receipt of a provincial permit authorizing ten mechanical trenches and four ground supported drill holes.

Work is now underway at the Main Mineralized Zone (‘MMZ’), where recent grab sampling confirmed high-grade lead-zinc-silver mineralization. Channel sampling of existing outcrop exposure will generate inaugural grade over width data for the MMZ zone, and will be followed by mechanized trenching to expose bedrock across key areas of the MMZ in addition to the highly-prospective northeastern extension area. The channel and trenching program will result in high-confidence targets slated to be drilled in 2025.

‘The start of trenching and channel sampling at the MMZ marks an important step in systematically advancing Havens Steady,’ said Trumbull Fisher, CEO of Anteros Metals. ‘With strong provincial support through the JEA program and multiple high-grade surface discoveries already in hand, we’re eager to define drill-ready targets and unlock the full potential of this underexplored VMS system.’

BUILDING ON A SERIES OF HIGH-GRADE DISCOVERIES

Recent prospecting has validated the Property’s critical mineral potential at multiple surface locations, including the MMZ and a newly identified northeast extension target. Results include a grab sample of 9.60% Zn, 1.56% Pb, 45.0 g/t Ag, and 0.57 g/t Au from the MMZ (see July 3, 2025 news release), and 2.17% Cu, 21.3 g/t Ag, and 0.22 g/t Au from angular float located along strike to the northeast of the MMZ in an undrilled area coincident with historical geophysical and soil anomalies (see June 16, 2025 news release). These sample locations are show on Figure 1.

STRATEGIC GOVERNMENT SUPPORT

Anteros’ Letter of Intent was approved under the JEA 2025 program as a Critical Minerals Primary Exploration Target, recognizing the Property’s alignment with provincial and federal priorities to secure domestic supplies of key metals. With up to $95,966 in non-dilutive funding already approved, this support significantly offsets early-stage costs while advancing shareholder value.

NEXT STEPS

Targeted trenching and channel sampling will continue at the Property into August. Pending results, the Company anticipates a Phase I drill program in Q3 2025 to test continuity and grade of the MMZ at shallow depths and along strike.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/9885/260148_c121234a849089c6_002.jpg

Figure 1: 2025 Grab Sample1 Highlights at the Havens Steady Property

1 Grab samples are selected samples and may not represent true underlying mineralization. Sample assay details, QA/QC procedures, and Qualified Person sign-off are available in the Company’s June 16 and July 3, 2025 news releases.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9885/260148_c121234a849089c6_002full.jpg

ABOUT THE PROPERTY

Located approximately 40 kilometres southeast of Buchans, the Havens Steady Property hosts a laterally extensive polymetallic volcanogenic massive sulphide (‘VMS’) system within the Storm Brook Formation of the Red Cross Group in the Exploits Subzone of the Dunnage Zone, a prolific metallogenic belt in central Newfoundland. The Property benefits from existing road infrastructure and proximity to hydroelectric power. The region hosts active exploration and world class VMS deposits including the past-producing Duck Pond Mine. The Company cautions that mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization on the Property.

Since acquiring the Property in January 2024, Anteros has compiled an extensive historical dataset that includes airborne electromagnetic surveys, geochemical surveys, and over 15,000 metres of historical drilling. Documented mineralization includes sphalerite, galena, chalcopyrite, and bornite in high-grade polymetallic zones. The known system has a strike length of over a kilometre and remains open at depth. Learn more: www.anterosmetals.com/havens-steady.

QUALIFIED PERSON

The technical content of this news release has been reviewed and approved by Jesse R. Halle, P.Geo., an independent Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

ABOUT Anteros Metals Inc.

Anteros is a multimineral junior mining company applying data science and geological expertise to identify and advance critical mineral opportunities in Newfoundland and Labrador. The Company is currently focused on advancing four key projects across diverse commodities and development horizons. Immediate plans for their flagship Knob Lake Property include bringing the historical Fe-Mn Mineral Resource Estimate into current status as well as commencing baseline environmental and feasibility studies.

For further information please contact or visit:

Email: info@anterosmetals.com | Phone: +1-709-769-1151
Web: www.anterosmetals.com | Social: @anterosmetals

On behalf of the Board of Directors,
Chris Morrison
Director

Email: chris@anterosmetals.com | Phone: +1-709-725-6520 | Web: www.anterosmetals.com/contact

16 Forest Road, Suite 200, St. John’s, NL, Canada A1X 2B9

Cautionary Statement Regarding Forward-Looking Information

This news release may contain ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements relating to the prospects for development of the Company’s mineral properties, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260148

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com
by
Read More
In Latest News

America must win the AI race — and prepare for the worst

No Comments

Artificial intelligence is no longer a niche tool for tech labs or science-fiction thrillers. It’s now the battleground where the future of American power, prosperity, and freedom will be decided. With the release of ‘Winning the AI Race: America’s AI Action Plan,’ the Trump administration is rightfully treating this moment as the 21st-century equivalent of the space race or the nuclear age. 

This bold strategy outlines over 90 policy actions that span three key pillars: Accelerating Innovation, Building American AI Infrastructure, and Leading in International Diplomacy and Security. Each of these pillars sends a clear message to the world: America intends to lead – not follow – on artificial intelligence. 

And we must. This is a race we can’t afford to lose. 

President Donald Trump’s AI plan: strong, strategic and patriotic 

The Trump administration’s plan does what Washington too often fails to do: it combines vision with action. From fast-tracking permits for critical data centers and chip fabrication plants, to expanding the skilled trades workforce needed to maintain those facilities, the plan hits both high-tech and firsthand realities. 

Crucially, the plan calls for exporting secure, full-stack American AI packages – hardware, software, models, applications and standards – to trusted allies. That’s smart policy. In a world where China exports authoritarian surveillance technology, America must counter with liberty-based alternatives. 

And most refreshingly, the plan defends free speech. It mandates that federal procurement contracts only go to developers of large language models that are free from ideological censorship. That’s a huge win for constitutional values in a time when Big Tech algorithms increasingly silence dissent. 

But here’s the hard truth: AI could also unleash chaos 

The optimism in this action plan is well-founded – but incomplete. As foreign policy analysts Matan Chorev and Joel Predd recently warned in their Foreign Policy article, the U.S. must also assume the worst about artificial intelligence – especially artificial general intelligence (AGI). That’s the version of AI that can perform at or above human levels across a wide range of tasks.  

Unlike nuclear weapons, AGI won’t announce itself with a mushroom cloud. It may slip quietly into our systems, our economy and even our military decision-making – without a clear warning shot. The nightmare scenario? A rogue AI, either built by an enemy nation or evolving beyond human control, triggering economic collapse or catastrophic warfare.  

Trump action plan lays out ‘contingency plans’ if AI goes wrong, applauds tech expert

That’s why the U.S. must not only pursue victory in AI, but vigilance. Planning for worst-case scenarios isn’t fearmongering – it’s common sense. The COVID-19 pandemic taught us what happens when leaders fail to prepare for known risks. With AI, we may not get a second chance.  

We need break-glass plans — now 

What happens if a U.S. company suddenly claims to have developed AGI and asks for national security protections – access to classified data, regulatory exemptions and federal backing? What if China gets there first?  

The Biden-era playbook of strategic ambiguity and global appeasement won’t cut it. America needs break-glass protocols: clear, tested plans to respond to AI emergencies – whether cyberattacks, misinformation campaigns or autonomous systems going rogue. 

This requires massive coordination across the Pentagon, the Department of Homeland Security, our intelligence community and private industry. The federal government must build the analytical muscle to separate hype from real breakthroughs – and act fast when a threat emerges. 

Cyber defenses must be ‘attribution-agnostic’ 

Advanced AI attacks may not come with a digital return address. Whether an attack comes from Beijing, a terrorist network or a self-replicating algorithm, our cyber defenses must be able to detect, contain and recover without waiting for attribution. 

That means hardening critical infrastructure, isolating vulnerable data centers and ensuring military continuity of operations in a high-tech crisis. These aren’t science-fiction concerns – they’re strategic imperatives. 

The world needs American values — not just American technology 

The Trump administration’s emphasis on exporting U.S. technology to allies is critical – but we must also export American values. Freedom. Accountability. Innovation with restraint. Our allies want alternatives to China’s surveillance-driven tech regime. America can lead that coalition – but only if we speak as clearly about ethics as we do about engineering.  

David Sacks, the White House’s AI and crypto czar, put it plainly: ‘To win the AI race, the U.S. must lead in innovation, infrastructure, and global partnerships. At the same time, we must center American workers and avoid Orwellian uses of AI.’ 

The new world of medicine: AI doctors

He’s right. Victory in AI is not just about lines of code – it’s about preserving what it means to be human in an age of machines. 

Bold innovation, clear-eyed preparedness 

Winning the AI Race is a historic first step. It champions free markets, American jobs, national strength and liberty-based governance in the AI era. But we must not mistake ambition for immunity. 

America needs a dual-track strategy: drive innovation with urgency – and prepare for disaster with equal urgency. Our adversaries won’t wait. Neither will the technology.  

We can – and must – lead the world into the AI future. But let’s do it with eyes wide open, grounded in our values and ready for anything. 


This post appeared first on FOX NEWS
by
Read More
In Latest News

Obama issues rare statement on foreign policy issue

No Comments

Former President Barack Obama issued a rare statement weighing in on the hunger situation in Gaza on Sunday, suggesting aid must flow to Palestinians regardless of whether Israel can secure a hostage deal for now.

Obama made the statement on social media in reference to reporting from the New York Times stating that ‘Gazans are dying of starvation.’ Israel, which blockaded aid to Gaza earlier this year, has recently begun to airdrop aid resources into the region, and its leaders argue reports of starvation are a false campaign promoted by Hamas. Reporting from Fox News’ Trey Yingst has indicated that hunger is indeed spreading across the region, however.

‘While a lasting resolution to the crisis in Gaza must involve a return of all hostages and a cessation of Israel’s military operations, these articles underscore the immediate need for action to be taken to prevent the travesty of innocent people dying of preventable starvation,’ Obama wrote on X, providing a link to the Times.

‘Aid must be permitted to reach people in Gaza. There is no justification for keeping food and water away from civilian families,’ he added.

President Donald Trump touted U.S. efforts to provide aid to Gaza when asked about the situation on Sunday. Meeting with European Commission President Ursula von der Leyen at the time, he stated that Europe has not provided aid to Gaza. He also said that Hamas is stealing much of the aid being sent to Palestinians, a claim Israel has put forward repeatedly.

‘When I see the children and when I see, especially over the last couple of weeks people are stealing the food, they’re stealing the money, they’re stealing the money for the food. They’re stealing weapons, they’re stealing everything,’ Trump told reporters.

‘It’s a mess, that whole place is a mess. The Gaza Strip, you know it was given many years ago so they could have peace. That didn’t work out too well,’ he added.

The IDF says it conducted 28 drops in a matter of hours on Sunday, in addition to transferring some 250 aid trucks over the course of the week.

‘Let me be clear: Israel supports aid for civilians, not for Hamas. The IDF will continue to support the flow of humanitarian aid to the people of Gaza,’ an IDF spokesperson said Sunday.

Israeli Prime Minister Benjamin Netanyahu has also pushed back on criticism of his regime, arguing that the United Nations has been falsely pushing claims of widespread starvation. He told the Jerusalem Post on Sunday that it has long been Israel’s policy to allow aid into Gaza so long as it did not benefit Hamas.

‘We’ve done this so far,’ Netanyahu told the paper. ‘But the U.N. is spreading lies and falsehoods about Israel. They say we don’t allow humanitarian supplies in, yet we do. There are secure corridors. They’ve always existed, but now it’s official. No more excuses.’


This post appeared first on FOX NEWS
by
Read More
In Economy

New Study: California’s $20 Minimum Wage Killed 18,000 Restaurant Jobs

No Comments

Perhaps the greatest example that good policymaking intentions go awry is the minimum wage. Proponents of increasing the minimum wage argue that doing so will help the poor. 

If we could snap our fingers and make the poor suddenly rich, there would be no reason to object. Unfortunately, in a world of scarce resources, this is not a possibility. The minimum wage actually tends to make many poor workers worse off and increases unemployment. A recent study on California minimum wage increases demonstrates that fact (yet again).

Professors Jeffrey Clemens, Jonathan Meer, and Olivia Edwards recently put out a working paper for the National Bureau of Economic Research (NBER) that demonstrates some adverse effects of minimum wage laws.

The paper covers California’s 2023 law, which enacted a $20 minimum wage for restaurants that had at least 60 locations in the US. This was a significant increase from the fast food minimum wage for California, which had been $16 (though some localities had higher minimum wages). They examine the impact of the law on employment and find:

Fast food employment in California had declined by 2.64 percent, whereas employment in non-minimum-wage-intensive industries had increased by 0.58 percent. This contrasts with the rest of the United States, where fast food restaurant employment had increased marginally while employment in all non-minimum-wage-intensive industries had risen by one percent.

The authors estimate that the negative employment effect is anywhere from -2.3 to -3.9 percent, (as compared to all states, or just to states with no minimum wage changes). Relative to a world where California did not increase the minimum wage, 18,000 jobs were lost. 

This is a large number, but it’s even more jarring when you realize how limited this law change was. Again, this bill only applied to restaurants with over 60 locations, so many other low-wage jobs were exempted. Even within the restaurant industry, implementation was limited.

In other words, those 18,000 more unemployed workers were the victims of a relatively limited change. This large drop puts talks of a national “living wage” — often proposed as $15 or more — in serious doubt. California has a relatively high cost of living, which means all else being constant, a $20 minimum wage would have an even larger unemployment effect where average wages are lower.

This result is another nail in the coffin for minimum wage arguments. As recently as 2022, a survey of research on the effects of the minimum wage was conducted. Authors David Neumark and Peter Shirley found, “there is a clear preponderance of negative estimates in the literature.”

What’s behind this consistent trend? Basic economics. When governments set a minimum wage above what businesses are paying, it has two primary effects:

  1. An increase in the number of people who want to work (due to the higher wage)
  2. A decrease in the number of workers businesses want to pay (as they are more expensive)

Imagine the prevailing wage in the restaurant industry is $15. Restaurants will have hired as many workers as they can use whose skills produce at least $15 of revenue per hour. After the new minimum is instituted, workers who produce less than $20 cost more than they add to revenue. Businesses cut back hours or substitute other factors (like self-checkout stations) for workers. 

When the number of job seekers is greater than the number of available jobs, we have unemployment. This is usually cured by job-seekers being willing to work for lower wages (and in a wide range of productive roles), but minimum wage laws make this illegal. 

So why, if the economic research and real-world results are so clear, do minimum wage laws persist?

Unfortunately, policies like the minimum wage, which sound compassionate, will often be popular even if they don’t work. 

Like voters, populist politicians — Democrat and Republican — may desire to improve the well-being of the poor, but the laws of economics and the attendant research confirm again and again that an increase in the minimum wage is terrible for the poor. For at least some — perhaps 18,000 in California — it takes away their opportunity to make any money at all.

Unfortunately, politicians have an incentive to ignore economic laws in favor of nice-sounding slogans about improving the lives of the least advantaged. Austrian economist Ludwig von Mises famously pointed out the role of the economist as an empirical counterweight: 

It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power. An economist can never be a favorite of autocrats and demagogues. With them he is always the mischief-maker.

Economic evidence should serve as a valuable prophylactic against the utopian visions of politicians.

by
Read More
In Economy

What’s Wrong With Boeing?

No Comments

Boeing is struggling.

The most recent round of bad news to hit the manufacturer came when, after Boeing’s project to build the next Air Force One was delayed again, this time until 2029, President Trump announced he would instead accept a jet gifted from the Qatari royal family.

While the legality of that move has not yet been settled, the episode highlighted how slow and expensive Boeing’s Air Force One program has become. Although sluggishness is often lucrative for government contractors, Boeing had agreed to a $4 billion cap for the project, which the company has since exceeded. The Air Force One build is now costing Boeing money. 

Then, one of Boeing’s prized 787 Dreamliners went down in Ahmedabad, India. While the cause of the crash is still under investigation, and may have had nothing to do with the manufacturer, the incident ended the Dreamliner’s near-perfect safety record — a bad development for a company already on shaky ground. 

Boeing’s problems stretch back much further. It has not posted an annual profit since 2018. Its losses over that period have exceeded $30 billion, and its stock price has fallen almost fifty percent.

The decline began with the pair of 737 Max crashes in 2018 and 2019, caused by an overlooked glitch in safety software designed to stabilize the plane. Some 346 people lost their lives, and Boeing lost billions of dollars in restitution, fines, and canceled contracts after grounding its entire 737 Max fleet. 

Then the pandemic hit. Air travel was among the hardest-hit industries. Boeing, to its credit, uncharacteristically turned down government bailouts and borrowed money privately to weather the years of reduced demand. 

But as travel picked back up, the company was hit by another scandal when a door plug blew out mid-flight on a Boeing plane flying from Oregon to California. While nobody was seriously hurt, the incident drew renewed negative attention to Boeing’s manufacturing process and safety record, as well as production slowdowns that cost the company billions. 

What happened to this once-dominant airplane manufacturer? Perhaps the most rigorous attempt at an answer comes from Peter Robison’s 2021 book Flying Blind. 

Robison argues that the problems we’re seeing today with Boeing actually began back in the late 1990s, when the company acquired what was then its only domestic competitor, McDonnell Douglas. Both manufacturers had a civilian side, where they produced and sold large passenger jets, and a defense side, where they won contracts to produce various aircraft and weapons systems for the government. 

In the decades before the merger, Boeing came to dominate the domestic passenger jet market, in large part because it invested heavily in recruiting the best engineers, those who could build jets that were safer and less expensive than McDonnell Douglas’s accident-prone DC-series.

While McDonnell Douglas had a few solid decades, by the late 1990s, its passenger jet side was no longer a serious competitor to Boeing. The merger was driven more by factors on the defense side. 

Robison’s argument is that while the merger was widely seen as Boeing taking over a struggling competitor, the corporate culture of McDonnell Douglas came to dominate at Boeing. As a result, the leadership began prioritizing stock price, financial products, and executive bonuses over the engineering excellence that had put the company into its dominant position in the first place. And eventually, that emphasis led to a culture that neglected safety and created room for calamities, such as the 737 Max crashes and the 2024 door plug blowout. 

Robison’s book is well-researched, and the narrative he details is compelling. After all, it is very difficult for companies that rise to dominate their industry to remain on top for years — much less decades, as Boeing has. History is replete with large, successful companies abandoning the innovative practices that generated their success and ultimately losing out to newer, more innovative competitors as a result. 

That’s not a glitch but an integral part of the market process. And the insights Robison provides into Boeing’s culture, combined with the company’s dismal performance in recent years, suggest that the manufacturer is past the peak of its market dominance — at least on the commercial jet side. 

The Lesser-Known Context for Boeing’s Decline

Robison’s analysis, however, either glosses over or omits entirely important context about the passenger jet manufacturing industry and the economy as a whole. And when that context is left out, it can seem to lend credence to the anti-corporate, anti-capitalist narrative that many on the left are trying to attach to Boeing’s failures. 

First, the industry is heavily regulated by the federal government. While this is often assumed to be a net good for passenger safety, the reality is less straightforward.

Designing large commercial jets is a hyper-complex, highly specialized process that relatively few people in the world understand at a high level. And the vast majority of people who meet these criteria are already working in the industry for companies like Boeing. Regulatory capture is prevalent. All this creates a situation, common in many industries, where regulations are often not based on safety or realistic risk, but instead are partially designed to benefit specific, well-connected companies at the expense of others. 

Many of the disastrous design decisions that doomed the 737 Max jets, for example, can only be understood in the context of this damaging regulatory regime. Regulators blocked designs for a brand-new plane, forcing Boeing to attempt to redesign an earlier 737. But because the new Max engines couldn’t fit on the old wings, designers had to reposition them. Engineers found that tended to raise the plane’s nose when flying, which is why the tragically glitchy stabilizing software was installed: to force the nose down. 

In other words, Boeing engineers cobbled together what we now know was a surprisingly dangerous jet to technically stay compliant with federal regulations. That dynamic is not unique to the 737 Max program, nor has it gone away. 

Likewise, the company’s shift from an emphasis on product quality to financing and stock price, as detailed in Robison’s book, impacted many companies beyond Boeing. In fact, it reflects a broader trend of “financialization” that economists have observed over the last several decades. 

This trend isn’t based on the values of market participants; it’s a direct consequence of the federal government’s monetary policy, which has given a massive artificial boost to the financial parts of the economy, warping the relationship between financial asset prices and the material reality they’re meant to represent.

In a truly free market, there would have been no conflict at Boeing between an emphasis on engineering great jets and boosting the company’s stock. Not so in our highly warped economy. 

And finally, the level and nature of competition in Boeing’s industry limits its competition. For decades, their only true competitor has been the quasi-private European company Airbus.  Boeing’s competition with Airbus has been intense, to the benefit of air travelers. The fact that airlines have an alternative, and can ditch Boeing as a supplier when it fails to provide safe, affordable aircraft, is why the company is facing serious economic consequences for its shortcomings. 

Now Canada, China, and Brazil have helped create manufacturers that may someday make headway in the industry, but that level of competition still falls short of a genuinely free market. Boeing has used the fact that all of its foreign competitors are heavily subsidized by foreign governments to lobby the American government for support of its own. Boeing benefits from what’s called a “national champion” strategy, where the government attempts to prop them up with subsidies while placing restrictions on their foreign competitors. 

Boeing enjoys, for example, artificially cheap, guaranteed loans from the federal government’s Export-Import Bank. And competitors, such as Canadian manufacturer Bombardier, have been slammed with massive tariffs when offering prices Boeing argued were too low. American presidents are also often personally involved in selling Boeing jets around the world. 

That heavy support is, in all likelihood, why Boeing enjoys a relative monopoly within the US. The barrier to starting a successful domestic manufacturer is made even higher by the need to compete with the government’s favorable treatment of Boeing. So, although airlines have some room to move away from Boeing’s problematic planes, they don’t have much. As Boeing runs into problems, the pressure to improve isn’t nearly as high as it would be in a freer market, because passengers are forced to continue riding on their jets even when they prove unsafe. 

So, in conclusion, Boeing is in a bad place right now, largely because the company has lost touch with the innovative engineering that was responsible for much of its initial success. Boeing’s problems have almost certainly been made worse by the federal government’s regulatory regime and loose monetary policy. Even so, the lack of domestic competition Boeing enjoys as a result of its close relationship with the federal government removes much of the pressure to improve. 

So, for now, air travelers are largely stuck flying on the increasingly inferior planes of this once-illustrious American manufacturer.

by
Read More
In Investing

Questcorp Mining Taps National Inflation Association for Marketing & Investor Outreach Campaign

No Comments

Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (‘Questcorp’ or the ‘Company’) is excited to announce a strategic engagement with GRA Enterprises LLC, operating as the National Inflation Association (‘NIA’), to deliver a dynamic marketing and communications campaign aimed at boosting investor awareness and market visibility.

Under the terms of the agreement (the ‘NIA Agreement‘), which commences July 28, 2025, Questcorp will pay a one-time fee of US$30,000 for a three-month initial campaign, with the option for renewal. The NIA will leverage its expansive distribution channels-including targeted email lists, website features, and blog content-to highlight Questcorp’s compelling growth story and project developments.

‘As we continue advancing our highly prospective assets in British Columbia and Mexico, this partnership with NIA will allow us to connect with a broader investment audience and amplify our message at a pivotal time,’ said Saf Dhillon, Founding Director, President & CEO of Questcorp.

NIA, based in Mooresville, North Carolina, is an arm’s-length third party with a strong track record of investor communications for publicly traded companies. Questcorp confirms that no securities will be issued as part of this agreement and, to its knowledge, NIA does not currently own any equity or convertible instruments of the Company.

For more information about NIA: Contact ga@gerardadams.com or visit them at 112 Camp Lane, Mooresville, North Carolina, 28117.

About Questcorp Mining Inc.

Questcorp Mining Inc. is focused on the acquisition and exploration of precious and base metal projects across North America. The Company holds an option to acquire a 100% interest in the North Island Copper Property-covering 1,168 hectares on Vancouver Island, British Columbia-as well as the La Union Project in Sonora, Mexico, comprising 2,520 hectares. Both properties are subject to royalty obligations and represent high-potential targets for copper, silver, and gold exploration.

Contact Information

Questcorp Mining Corp.

Saf Dhillon, Founding Director, President & CEO
Email: saf@questcorpmining.ca
Telephone: (604) 484-3031
Website: https://questcorpmining.ca 

Forward-Looking Statements

This news release contains ‘forward-looking statements’ under applicable Canadian securities laws. These statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied. Readers are advised not to place undue reliance on forward-looking statements, which are based on current expectations and assumptions. The Company does not undertake to update or revise any forward-looking statements unless required by law.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260142

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com
by
Read More