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The No. 3 House Republican is accusing Democrats of making a hypocritical argument in their resistance to the GOP’s federal funding bill.

The government shutdown is in its thirteenth day with Republicans and Democrats still unable to agree on a path forward. The Trump administration is taking steps to prevent the military from missing paychecks this week, while also beginning to lay off scores of federal workers amid the standoff.

Democrats have said they will not agree to any solution that does not include serious concessions on healthcare from the GOP — but House Majority Whip Tom Emmer, R-Minn., argued that they are themselves harming healthcare access by allowing the shutdown to continue.

‘They are [jeopardizing healthcare],’ Emmer told Fox News Digital, pointing out that certain telehealth services, for example, are going without funding during the shutdown.

‘We had a huge advance during the pandemic when it came to remote care. You’ve got all kinds of constituents that don’t live in a condensed or a dense urban area right next to a hospital, right next to a provider, they may be a distance away. And the telehealth option actually made a big difference,’ Emmer said. ‘I know it did for our veterans.’

‘I don’t know if the VA — [House Veterans Affairs Committee Chairman Mike Bost, R-Ill.] made it sound like they’re going to protect that under his jurisdiction, not sure how — but I do worry about it for the private providers, hospitals. How are they going to do it if they’re not getting reimbursed?’

He was referring to the Acute Hospital Care At Home program, originally created during the COVID-19 pandemic. It allows healthcare providers to bill Medicare for telehealth appointments and at-home aid that previously was only reserved for hospital care.

It’s become a popular program for elderly or otherwise vulnerable Medicaid recipients, but the ongoing shutdown has prevented Congress from being able to extend it.

The government entered into a shutdown nearly two weeks ago on Oct. 1 after Senate Democrats rejected the GOP’s federal funding plan. They have since blocked consideration of the same bill six more times. 

Republicans proposed a seven-week bill extending fiscal year (FY) 2025 federal funding levels through Nov. 21 called a continuing resolution (CR). It’s aimed at giving congressional negotiators more time to strike a longer-term agreement on FY2026, which began on Oct. 1.

It passed the House along mostly partisan lines on Sept. 19. But Democrats in the House and Senate were largely infuriated by being sidelined in federal funding talks and are now demanding any spending deal that also include an extension of COVID-19 pandemic-era enhanced Obamacare subsidies that are set to expire at the end of this year.

Democrats also introduced a separate counter-proposal that would completely eliminate healthcare reforms made in the GOP’s One Big Beautiful Bill Act (OBBBA) and restore funding to NPR and PBS that the Trump administration revoked earlier this year.

Democrats have said that proposal is aimed at rolling back Republicans’ Medicaid cuts. But Republicans have positioned it as the left’s effort at restoring federal funding for illegal immigrants’ healthcare — though Democratic leaders panned that as a lie.

Emmer also pointed out that it would revoke $50 billion for a rural hospital fund that OBBBA put in place.

‘The Rural Health Care Fund is a great example. I mean, right now, it’s our job, it’s the representatives’ job back in their districts, to try and work with our hospitals to make sure that they can access the funds,’ he said.

‘Because you don’t know exactly how deep the shutdown is going to impact hospitals, providers, ultimately consumers and patients.’


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Westport Fuel Systems Inc. (‘Westport’) (TSX:WPRT Nasdaq: WPRT), a supplier of alternative fuel systems and components for the global transportation industry, announced today that Cespira, Westport’s joint venture with the Volvo Group, has signed an agreement with and received full payment from a leading OEM for Cespira’s HPDI TM components to be utilized in a customer truck trial.

Cespira will deliver several hundred sets of a key component in support of the trial. The truck trial is designed to assess the market interest and viability of the direct injection system in certain heavy-duty trucking markets and is expected to form the basis upon which the OEM will determine whether to make a further investment to commercialize this system. It is also important to note that some of the other system components not supplied by Cespira and used during the trial have not been validated by Cespira. Further information regarding the trial is not disclosed for commercially sensitive reasons.

About Westport Fuel Systems
Westport is a technology and innovation company connecting synergistic technologies to power a cleaner tomorrow. As a leading supplier of affordable, alternative fuel, low-emissions transportation technologies, we design, manufacture, and supply advanced components and systems that enable the transition from traditional fuels to cleaner energy solutions.

Our proven technologies support a wide range of clean fuels – including natural gas, renewable natural gas, and hydrogen – empowering OEMs and commercial transportation industries to meet performance demands, regulatory requirements, and climate targets in a cost-effective way. With decades of expertise and a commitment to engineering excellence, Westport is helping our partners achieve sustainability goals—without compromising performance or cost-efficiency – making clean, scalable transport solutions a reality.

Westport Fuel Systems is headquartered in Vancouver, Canada. For more information, visit www.Westport.com.

Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements, including statements regarding the joint venture (‘JV’) between Westport and the Volvo Group, the JV’s delivery of several hundred sets of a key component for the customer truck trial, the trial’s objective to assess market interest and viability of the direct injection system in the heavy-duty trucking sector, and the potential for further investment to commercialize the system, the performance and competitiveness of Westport’s products and Westport’s ability to help our partners achieve sustainability goals. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on both the views of management and assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activities, performance or achievements expressed in or implied by these forward-looking statements. These risks, uncertainties and assumptions include, but are not limited to, those related to the delivery and performance of the JV system during the trial, the market’s response to the system, the unvalidated nature of certain other system components not supplied by the JV, potential regulatory hurdles, customer demand, and other factors that could impact the heavy-duty truck sector or the JV’s operations, including the general economy, governmental policies and regulation, technology innovations, new environmental regulations, the acceptance of and shift to natural gas vehicles, the relaxation or waiver of fuel emission standards, the inability of fleets to access capital or government funding to purchase natural gas vehicles, the development of competing technologies, our ability to adequately develop and deploy our technology, the actions and determinations of our joint venture and development partners, as well as other risk factors and assumptions that may affect our actual results, performance or achievements or financial position discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in these forward-looking statements except as required by National Instrument 51-102. The contents of any website, RSS feed or twitter account referenced in this press release are not incorporated by reference herein.

Contact Information
Investor Relations
Westport Fuel Systems
T: +1 604-718-2046

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Former Vice President Kamala Harris commended President Donald Trump and his team for helping to secure the deal that led to the release of Israeli hostages held by Hamas — but she only referred to ‘the President,’ and did not identify Trump by name in the statement.

‘I am thankful and deeply encouraged that this ceasefire has brought long-awaited moments of joy and reunion — as 20 Israeli hostages are finally reunited with their loved ones and Palestinian families and the people of Gaza begin to receive desperately needed relief from unimaginable suffering,’ Harris said in the statement.

Israel launched a war effort in the wake of the horrific October 7, 2023, Hamas terror attack, which included mass murder and kidnapping. 

‘Through diplomacy and persistence, today is an important first step toward a more hopeful future. I commend the leaders and partners whose efforts made this agreement possible, including the President and his team,’ Harris continued.

‘There is still much more work to do to secure a lasting peace, ensure the safety and dignity of every innocent life, and build a future where Israelis and Palestinians can live side by side in freedom and security,’ she concluded.

Last year, Trump won both the Electoral College and the popular vote, trouncing Harris in the White House contest.

The 2024 Democratic presidential candidate mounted a whirlwind campaign after President Joe Biden dropped his re-election bid and endorsed her.

Democratic Rep. Jasmine Crockett of Texas took a jab at President Trump on Monday, tweeting, ‘Raising hell at home & then pretending to be the President of Peace is diabolical.’

Trump delivers remarks to Israeli Knesset amid historic Hamas peace deal

But Democratic Sen. John Fetterman of Pennsylvania gave, ‘Credit to @POTUS for a breakthrough ceasefire of this awful war.’


This post appeared first on FOX NEWS

Several incidents in the COVID pandemic’s first two years forced me to confront the uncomfortable reality that American society had cracked apart, fleeing the comfort and safety of accepted knowns to float untethered from logic in a foreign ether far from planet Earth. Welcome to Mars.

But prior incidents had already trained and prepared my mind to expect a coming derangement. During the Persian Gulf War and the Northridge Earthquake, I had near-death experiences that lingered for years in memory, forever shaping my future actions. Just as scary as thinking I was about to die were the frightening behaviors I witnessed in those around me. During the Gulf War, a soldier in my division came across an Iraqi mine. Instead of calling for engineers to destroy the device, he decided to flip it away from himself, blowing off his own head. After the 1994 earthquake stopped shaking my condo so hard the refrigerator fell over and the walls seemed close to caving in, I stepped outside to smell gas leaking from the major pipeline that ran beneath our complex and a nervous neighbor lighting a cigarette to calm his nerves.

Terrified someone we couldn’t see might be lighting up a smoke elsewhere in the condo complex, my roommates and I fled for safety, driving through a surreal cityscape of gas line fires, while I rode in the backseat with a loaded pistol.

Both wars and natural disasters upend the laws and rules that govern our normal existence. Experience has taught me that such tectonic shifts in society’s rules leave many unprepared to adapt and navigate a new ecosystem. My safety and survival, I’ve learned, sometimes depend on putting my back against a wall to watch those around me whose thinking refuses to acclimate.

The rules are changing dramatically, I posted on Facebook, back in the summer of 2020. And some people won’t be able to adapt. You’re gonna see people you have long trusted and respected lose their absolute minds, drop trou and show the whole world their entire ass. Be careful.

I knew crazy was coming. I did not expect that crazy to destroy so much trust in our government, media, and social institutions.

How “Follow the Science” Destroyed Trust in Science

Journalist David Zweig documents much of the COVID pandemic crazy in his book An Abundance of Caution. In diligent detail, he marches the horrified reader through a series of mistakes, most still unacknowledged, including the lack of scientific evidence for lengthy school closures and nonsensical “follow the science” requirements for masks and social distancing. The details he describes remain frightening because too many still deny what happened nor admit they did anything wrong.

The month after the pandemic took off in the West, the Journal of the American Medical Association (JAMA) published a February 2020, summary of Chinese data and found just 2 percent of COVID patients were less than 19 years old and no children younger than 10 had died. “Disease in children appears to be relatively rare and mild,” Zweig discovers, digging up a World Health Organization (WHO) report published that same month.

Just like the study in JAMA, WHO researchers stated that children accounted for around 2 percent of reported cases, with only 0.2 percent of children categorized as “critical disease.” This calculates to 0.0048 percent of the total population who became seriously ill.

People interviewed by the WHO investigative team “could not recall episodes in which transmission occurred from a child to an adult.”

Despite research showing that kids were at minimal risk from the virus, Zweig records what we all now know: we ignored objective science in favor of subjective values, locked down our cities, shut down our schools, and threw the kids on laptops pretending they would learn. Baseless fears that children were dying in large numbers lingered even six months into the pandemic, long after anyone with eyes could see the virus wasn’t killing kids.

Gallup released a poll in July 2020 finding that the public thought 40 times the number of people younger than 25 were dying than was actually the case.

“People were dying from a scary new disease, and my family and my neighbors were readily compliant with the governor’s orders to stay home, and stay apart from each other until some unknown time when this thing was going to go away,” Zweig writes, describing the state of his household a month into New York State’s lockdown. “And yet. This virus, which was a terror for the old, posed almost no threat to my kids or their friends.” 

A former magazine fact checker, Zweig began digging into scientific studies and calling up established researchers to try and understand how state and federal governments formulated pandemic policies that seemed to ignore scientific evidence while harming his own children. Trusted officials, he found, were failing to adequately explain the uncertainties of published research and closing their eyes to documented consequences.

But the public never learned that pandemic strategies were based mostly on values, not objective science, because journalists had abandoned all pretense of reporting. Instead of scrutinizing the scientific literature, journalists with legacy media outlets favored calling up these same trusted officials. Reporters also platformed a coterie of self-branded experts who managed to claw their way out of scientific obscurity to become overnight authorities on epidemics in the press and on social media.

Many of the plans enforced during the pandemic ignored already established contagion-response strategies. In his book, Zweig cites several researchers who warned that school shutdowns would damage children during an epidemic, such as D.A. Henderson, a much celebrated epidemiologist who led the international effort to eradicate smallpox before becoming dean of the school of public health at Johns Hopkins University.

“Disease mitigation measures, however well intentioned, have potential social, economic, and political consequences that need to be fully considered by political leaders as well as health officials,” Henderson wrote in a 2006 paper published in the journal Biosecurity and Bioterrorism. “Closing schools is an example.”

Henderson cautioned against locking kids out of school and forcing some parents to abandon work to stay at home, a policy that would place an unfair burden on certain segments of society to control virus transmission. Henderson and his co-authors also forewarned against policies based on scientific models, as they would fail to account for all social groups.

No model, no matter how accurate its epidemiologic assumptions, can illuminate or predict the secondary and tertiary effects of particular disease mitigation measures. . . . If particular measures are applied for many weeks or months, the long-term or cumulative second- and third- order effects could be devastating.

Yet models are exactly what trusted officials relied on, Zweig writes, for pandemic procedures such as school closures whose damage to children is still being assessed. As for the segments of society who were most harmed, that would be the less privileged and the working class, whose experiences and perspectives were never injected in these models formulated by “laptop liberals” who had the privilege to work from home offices. 

Zweig highlights the awful reporting by a few laptop warriors, such as New York Times reporter Apoorva Mandavilli, and a 2020 working paper by Dartmouth College and Brown University academics underlines how poor journalism was pervasive. Analyzing 20,000 news articles and TV news segments from foreign English-language and American media for positive or negative tone, they found that US major media outlet coverage was far more downbeat.

“Among topics analyzed, the researchers looked at schools coverage specifically,” Zweig writes. “They found that 90 percent of school reopening articles in American mainstream media were negative, compared to only 56 percent for English-language major media in other countries.”

Pretending Certainty, Demanding Compliance

Living in Spain, I was unaffected by much of the pandemic crazy in 2020. My wife is a physician, but we had just had a child, so she was staying at home. No worries about school lockdowns, no fears about my wife getting sick treating patients. As for me, I work from home, and ventured out every few days during the lockdown to buy food.

I didn’t realize it at the time, but I was the classic lockdown liberal, and I played the part like a skilled character actor. I followed all the rules, masking when I left the apartment and berating anyone on social media who did otherwise. But as happened with Zweig, cracks in my worldview eventually appeared.

After Trump announced pharma executive Moncef Slaoui as his Coronavirus Czar to run Operation Warp Speed, I wrote a July 2020 piece for The Daily Beast discussing my dealings with Slaoui. I had led the US Senate investigation into GlaxoSmithKline (GSK), from 2007 to 2010, and we had uncovered GSK hiding the dangers of Avandia, the company’s $3 billion a year blockbuster diabetes miracle. Slaoui was head of GSK’s research, at the time, and the Committee’s 2010 report on Avandia exposed Slaoui lying to Congress about the drug’s harmful effects.

“In the face of the most dangerous disease confronting the country today, why would Trump ask the public to trust someone with this past?” I reported for the Daily Beast in July 2020.

By late 2020, I was having serious doubts about the COVID news. When I came across an article dismissing the idea that the pandemic might have started in a Wuhan lab as a “conspiracy theory,” I shared it on Facebook with a skeptical comment, pointing out that it was absurd to use that label when none of us actually knew how the pandemic began.

I was then confronted by a couple science writers who dressed me down in Facebook comments. Didn’t I know that Trump was saying the virus came from a lab? Why was I saying the same thing as Steve Bannon, the conservative podcaster?

The response was a bit mind-boggling. I didn’t listen to Bannon’s podcast, and I didn’t care what Trump said. I certainly didn’t follow Trump on social media because I got my fill of his opinions in the news. But if Trump did say the virus came from a Chinese lab, what did that have to do with me asking questions?

Like everyone, I followed requirements to mask, even though I found masks off-putting and masking demands almost religious in their imposition. At the same time, several respected researchers told me that the scientific evidence for masking wasn’t there. So why were we all masking?

Losing Faith in the Church of COVID

I first spoke with Zweig several times in early 2023. Elon Musk had given me the greenlight to come to Twitter’s headquarters and dig through the Twitter Files for evidence the company had been censoring inconvenient COVID truths. Zweig had already published some Twitter Files and I wanted to pick his brain about what I could expect when I got to San Francisco. (Unfortunately, Zweig doesn’t cover the pandemic censorship in his book.)

I began picking Zweig’s brain about the science supporting mask mandates. Scouring the academic literature and news reporting on masks, I had found a few articles in places like Scientific American, and Wired that argued masks don’t work to stop virus transmission. Zweig had written three of these: a 2020 article in Wired, and articles in New York Magazine and The Atlantic in 2021.

Zweig lays out all the problems with “masks work” science in his book, but I had missed his articles when they were published, because his reporting had been drowned out in a tidal wave of news cheerleading for masks. Zweig’s report in The Atlantic titled, “The CDC’s Flawed Case for Wearing Masks in School” is particularly revealing about mask derangement.

Zweig’s article discusses a paper published in the CDC’s Morbidity and Mortality Weekly Report and found that schools without mask mandates were three-and-a-half times more likely to have COVID outbreaks than schools with mask mandates. The findings were so stunning that CDC Director Rochelle Walensky flacked them during interviews, including an appearance on CBS’s Face the Nation.

Zweig, however, discovered the study was rife with errors, one scientist calling it “so unreliable that it probably should not have been entered into the public discourse.” First, many of the schools cited in the paper were not even open during the study period. Furthermore, the researchers didn’t control for student vaccination status, which would have changed the incidence of COVID illness. Zweig also found that some of the schools that were supposed to have mask mandates never had mandates, while others were virtual schools where students never attended in person.

Back when I called Zweig in 2023, he told me he found reporting on the CDC study for The Atlantic in 2021 still painful, two years later. After documenting all the flaws in the CDC paper, he told me he sent the list to the CDC for comment. The agency didn’t dispute his reporting, yet they stood by the study.

“I was just banging my head on the floor, ‘Oh, my God. What is going on!” he told me at the time.

Zweig also documents a paper that researchers at Arizona State University published in April 2020 that alleged if 80 percent of people wore masks it could reduce COVID mortality by 24 percent to 65 percent. But did they arrive at this conclusion by running a study? Of course not.

Zweig found the paper was based on a model that was based on another model and a whole slew of assumptions. Only when you delve into the details do you realize how shoddy the research was that guided us through the pandemic:

The authors arrived at this conclusion by assuming masks had, at worst, a 20 percent effectiveness. Where did they get 20 percent from? They cite another modeling paper, “Mathematical Modeling of the Effectiveness of Facemasks in Reducing the Spread of Novel Influenza A.” This paper, however, cites a study that found surgical masks can have a performance as poor as just 15.5 percent effectiveness at blocking virions. The study also found that, depending on particle size, nine out of ten N95 masks, which are supposed to block 95 percent of particles, failed to meet that benchmark. Some of the tests in the study also used aerosolized salt, which has different characteristics from viruses. And, importantly, the study was conducted in a laboratory on manikins, with the masks “sealed to the manikin’s face.” The authors noted the obvious: “in real life leaks may lead to considerably increased penetration.”

Hundreds of subsequent studies, Zweig discovered, then cited this modeling paper, as did many governmental reports. But on social media, the “model” morphed into a “study” that was “proof” that masks work.

The Perils of Predictive Modeling

“Models bury assumptions,” one expert tells Zweig. As he notes in the book, many models have little or no power in predicting the future:

It was like a football coach showing his team a complex offensive play and insisting it would result in a touchdown, without acknowledging that each of the opposing team’s defensive players might not do what he expected them to do. Even the most elegantly designed plays by the best coaches often turn out ugly on the field. Like their human counterparts, the scientific models were a beautiful ideal.

Halfway through the reading, I sent Zweig a text, complaining how mad his book was making me. This is my only warning to readers. Zweig’s book is smart, well-written, and superbly researched, but as he recounts his own experiences page after page, it will dredge up your memories of the pandemic. Like mine, like Zweig’s, they are certain to be laden with confusion and laced with certainty that the world, however briefly, had gone mad.

Unfortunately, if you’re searching for some sort of resolution that An Abundance of Caution has set history right, restored a sense of truth, and resurrected faith in our leaders, think again. As the pandemic wound down, Zweig recounts how the media and left-leaning establishment dreamed up a new narrative to hide their prior mistakes: “those decisions were regrettable, yet they were understandable during a time of fear and uncertainty.”

There is no going back to a time before COVID-19 made our world crazy. You are right to be mistrustful of trusted officials and respected institutions. Zweig’s writing lays out all the evidence you need to feel this way.

By every official measure, the economy seems to be doing well. Personal income, disposable income, and consumption expenditures all increased. GDP growth has been revised upward by both the Bureau of Economic Analysis and the Atlanta Fed. As if that weren’t enough, the stock market continues to climb to historic highs. 

Despite these positive reports, there are still concerns. The University of Michigan’s Index of Consumer Sentiment continues its downward trend. Job openings, hires, and total separations are holding relatively constant. This suggests that actual job growth has leveled off, meaning that Americans are likely to face harder times finding a new job should they lose their job or otherwise get furloughed. And while manufacturing seems to be growing in certain regions, it’s also declining in others, and there is evidence of declining producer spending, which could portend hardship down the line as businesses shift toward hoarding cash instead of building capacity. Finally, there’s the concern about America’s agricultural sector, with President Trump promising to divert some of the tariff revenue to farmers in a bid to help them weather the challenges they are facing and are likely to face ahead. 

With all of this in mind, economists’ least favorite question, “how is the economy doing?” has but one answer: who knows? The more detailed answer, and one that famously drew the ire of President Truman, “on the one hand, official data looks pretty good. But on the other hand, there are some serious concerns that, going forward, may or may not cause some real problems.” 

Understanding this is key to understanding why the talking heads on television news networks seem to be so wrong. Plenty of indicators suggest that things are and have been fine in the American economy for a long, long time. And yet, for years we heard about the “vibecession” where almost every economic indicator was pointing toward a great economy but consumers were inexplicably acting as if we were in a recession. The problem wasn’t with the consumers and, paradoxically, the problem was not with the fancy government statistics. The problem was with the talking heads and their refusal to ask why consumer behavior might be more telling than aggregate indicators. 

To help cut through the noise, we can look to other, less obvious sources combined with economic theory. The New York Times, for example, reports that Hamburger Helper sales have risen 14.5 percent just since the start of the year. The theory is that Hamburger Helper sales are loosely correlated with economic recessions; when Hamburger Helper sales rise, it is a sign that consumers might actually have less disposable income and are seeking to stretch their money as far as possible. 

Hamburger Helper is far from the only fabled example of quirky statistics that economists use to clarify our supposed crystal balls that allow us to peer into the future. Warren Buffet famously popularized the “men’s underwear index,” reasoning that men are more likely to buy underwear only when flush with cash, which happens during a boom. The Baked Beans Index, similar to the Hamburger Helper theory, suggests that baked bean sales spike during a recession. 

The reason behind this is straightforward according to economic theory: these goods, and plenty of others, are often characterized as inferior goods. Here, “inferior” does not necessarily mean “of low quality.” Instead, it refers to the idea that when a person’s income rises, their demand for any given product will change. For inferior goods, income and demand move in opposite directions: when one increases, the other decreases. For so-called “normal goods,” like beef, fresh vegetables, and new cars, income and demand move in the same direction: when one increases or decreases, the other moves in the same direction. 

Consider a college student, toiling away late at night, working on esoteric papers and assignments foisted upon them by their malevolent professors. What is their diet likely to consist of? Instant ramen noodles, spaghetti, and (hopefully) some vegetables, though probably not the “organic” kind. But as their incomes rise after graduation, notice what happens: they stop eating instant-anything and shift toward healthier, tastier, and more expensive options. This reflects the idea that instant ramen noodles, spaghetti, and non-organic vegetables are inferior goods. Indeed, the hit song, “If I Had a Million Dollars” by the Barenaked Ladies is really just a song about normal and inferior goods. Chesterfields, ottomans, K-Cars, pre-wrapped sausages, fur coats (but not real fur coats), and exotic pets (like a llama or an emu)? All normal goods. Kraft dinners, in a subversive twist, also considered a normal good by Barenaked Ladies, provided, of course, that they come with “Dijon ketchup.” 

The truth of the matter is that individuals know whether they lost their job or not. They know full well whether their industry is in decline or if it is booming. Individuals don’t need fancy government statistics to tell them what they already know. Because of this, changes in their behavior often precede changes in official government statistics, no matter how good those statistics actually are. 

So how can an average person do better economic analysis than the talking heads? Start with a basic principle from Nobel Laureate James Buchanan: “What a science does, or should do, is simply to allow the average man, through professional specialization, to command the heights of genius.”

The easiest way to do this is to recognize that the economy is not some abstract thing measured by government statisticians. It’s millions of individual people making millions of individual decisions each and every day. When people start buying more Hamburger Helper, that should tell you something that GDP figures just can’t capture. The American people are not confused or somehow acting irrationally, they’re just responding to real pressures in their own lives that haven’t shown up in the aggregate data (yet).

If you want to get a broader picture of the economy, rather than start the investigation at national level data, start local. National level data often gives an inaccurate summary of the overall economy. It’s like pointing out that everyone in a restaurant is, on average, a millionaire after Bill Gates walks in. No matter how accurate the statement, it’s still mostly meaningless. Pay attention to what people around you are actually doing. Are your neighbors buying Hamburger Helper or steaks? Are local businesses hiring or laying off? That tells you more than any GDP revision ever could.This is why Hamburger Helper sales matter more to everyday Americans than GDP revisions; they reveal what’s actually happening in people’s lives by reflecting data at the lowest level of analysis: the individual. Washington bureaucrats may carp about the fancy government statistics, but a thousand new tech jobs in California or in the hospital system in North Carolina don’t help the manufacturing workers being laid off in Michigan. The economy isn’t doing well or poorly. It’s doing differently for different people and the people living it know first and best.

Forte Minerals Corp. (‘Forte’ or the ‘Company’) ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ) is pleased to announce that the Board of Directors has appointed Patrick Evans as an Independent Director and Chairman of the Board.

Mr. Evans brings over 25 years of senior mining executive leadership experience, specializing in mergers and acquisitions, capital markets, and the development of world-class assets across four continents. He currently serves as Chairman of Pan Global Resources Inc.

Mr. Evans’s career includes leading multiple public companies to successful exits and significant value creation. He previously served as CEO of Dominion Diamond Mines and Mountain Province Diamonds Inc. He led the sale of several companies, including Norsemont Mining Inc. (acquired by Hudbay Minerals), Weda Bay Minerals Inc. (acquired by Eramet S.A.), and Southern Platinum (acquired by Lonmin PLC).

Mr. Evans holds degrees in arts and science from the University of Cape Town and previously served as South Africa’s Consul-General to Canada (1994–1998). His industry leadership has been recognized with both the Prospectors & Developers Association of Canada’s Viola R. MacMillan Award and the Association for Mineral Exploration’s Hugo Dummett Award .

The Board is confident that Mr. Evans’s proven track record in mergers, acquisitions, capital markets, and advancing complex multinational operations will directly support Forte as it develops its copper and gold projects in Peru. His appointment significantly enhances the Board’s independence and corporate governance oversight.

As the Independent Chairman, Mr. Evans will oversee Forte’s Board and ensure that management decisions align with the interests of shareholders and the Company’s long-term strategic objectives.

Patrick Elliott , President and CEO of Forte, stated, The appointment of Patrick Evans represents a transformational addition to Forte Minerals’ Board of Directors. As one of the most accomplished executives in the global mining industry, Mr. Evans brings a distinguished record of leading high-growth companies through major transactions, capital market success, and the development of tier-one mineral assets. His strategic insight and leadership will be instrumental as Forte advances its high-quality copper and gold portfolio in Peru and continues to unlock substantial long-term value for shareholders ‘.

P. Evans

Mr. Evans added, ‘Forte Minerals has built an exceptional portfolio of exploration projects in one of the world’s premier mining jurisdictions. I am excited to collaborate with the Board and management team to unlock the full potential of these assets and drive meaningful growth and value creation for all stakeholders.’

Forte Minerals would also like to extend its sincere gratitude to Mr. Doug Turnbull, P.Geo., who has resigned from the Board of Directors. Mr. Turnbull has served as an Independent Director and Chair of the Compensation Committee since 2010.

Over his fourteen years of dedicated service, Mr. Turnbull has been an integral part of Forte’s growth and governance, bringing more than 30 years of global exploration experience and thoughtful leadership to the Board. His geological expertise and steady guidance have helped shape the Company’s strategic direction from its early stages to its current milestones.

Mr. Turnbull is stepping down on excellent terms to pursue a new opportunity with VBKOM, an engineering company based in South Africa.

The Board and management wish to thank him for his longstanding commitment, professionalism, and contribution to Forte’s success, and wish him continued achievement in his new role.

Corporate Update: Option Grants

In connection with his appointment to the Board of Directors and as Independent Chair of the Company, Mr. Patrick Evans was granted 500,000 stock options. Each option is exercisable for 5 years to acquire one common share of the Company at a price of C$0.78 per share, consistent with the exercise price granted to other directors in recent stock option issuances.

The Company also granted an aggregate of 2,250,000 stock options to directors, officers, and consultants pursuant to its existing stock option plan.

In total, 2,750,000 stock options were granted. All Options are exercisable at $0.78 per share for a period of five years, subject to the terms of the plan and applicable regulatory approvals.

ABOUT Forte Minerals CORP.

Forte Minerals Corp. is an exploration company with a strong portfolio of high-quality copper (Cu) and gold (Au) assets in Peru. Through a strategic partnership with GlobeTrotters Resources Perú S.A.C. , the Company gains access to a rich pipeline of historically drilled, high-impact targets across premier Andean mineral belts. The Company is committed to responsible resource development that generates long-term value for shareholders, communities, and partners.

On behalf of Forte Minerals CORP.

(signed) ‘ Patrick Elliott’
Patrick Elliott, MSc, MBA, PGeo
President & Chief Executive Officer

Forte Minerals Corp.
info@forteminerals.co m
www.forteminerals.com

For further information, please contact:
Investor Inquiries
Kevin Guichon, IR & Capital Markets
E: kguichon@forteminerals.com
C: (604) 612-9976

Media Contact
Anna Dalaire, VP Corporate Development
E: adalaire@forteminerals.com
T: (604) 983-8847

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Certain statements included in this press release constitute forward-looking information or statements (collectively, ‘forward-looking statements’), including those identified by the expressions ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘should’ and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements relating to the intended use of proceeds of the Strategic Placement. These forward-looking statements and information reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company with respect to the matter described in this press release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under ‘Risk Factors and Uncertainties’ in the Company’s latest management’s discussion and analysis, which is available under the Company’s SEDAR+ profile at www.sedarplus.ca, and in other filings that the Company has made and may make with applicable securities authorities in the future.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information or statements to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.

Neither the Canadian Securities Exchange (the ‘CSE’) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d4b54275-2dff-445f-bc54-06bb0775c8e5

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President Donald Trump, when asked about the prospect of a two-state solution for Israel and the Palestinians, declined to commit, telling reporters, ‘We’ll have to see.’ 

The comments came during a press gaggle aboard Air Force One as Trump returned home after signing a historic peace agreement that ended two years of fighting in Gaza. 

When the topic came up, Trump said he was focused on rebuilding Gaza after two years of Israeli bombardment, following the Oct. 7, 2023, massacre by Hamas. 

‘I’m not talking about a single state or double state or two state,’ Trump said, adding: ‘A lot of people like the one-state solution, some people like the two-state solution. We’ll have to see.’ 

Trump said any decision on the matter would be made in coordination with regional and international partners. 

The president concluded a whirlwind trip Monday that included a global peace summit in Egypt and a speech before the Knesset in Jerusalem earlier in the day, where he celebrated a U.S.-brokered ceasefire with Hamas.

Speaking to leaders gathered in Egypt, Trump called for a new era of harmony in the Middle East, seeking to advance broader peace in the region.

‘We have a once-in-a-lifetime chance to put the old feuds and bitter hatreds behind us,’ Trump said, urging leaders ‘to declare that our future will not be ruled by the fights of generations past.’

Leaders from dozens of countries, including from Europe and the Middle East, attended the summit. 

Trump, Egyptian President Abdel Fattah el-Sissi, Turkish President Recep Tayyip Erdogan and Qatari Emir Tamim bin Hamad Al Thani signed a document outlining a broad vision for Gaza’s future.

Twenty hostages were released Monday as part of an agreement intended to end the war in Gaza. Trump met with some of their families during his visit to the Knesset.

The moment remains fragile, however, as Israel and Hamas are still in the early stages of implementing the first phase of Trump’s peace plan.

The sides have not agreed on Gaza’s postwar governance, its reconstruction, or Israel’s demand that Hamas disarm. Negotiations over those issues could break down, and Israel has hinted it may resume military operations if its demands are not met.

Much of Gaza has been reduced to rubble, and the territory’s roughly 2 million residents continue to struggle in dire conditions. Under the deal, Israel agreed to reopen five border crossings to ease the flow of food and supplies into Gaza, parts of which are experiencing famine.

Roughly 200 U.S. troops will also help monitor and support the ceasefire deal as part of a team that includes partner nations, nongovernmental organizations and private-sector groups.

The Associated Press contributed to this report.


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Here’s a quick recap of the crypto landscape for Monday (October 13) as of 9:00 a.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) and major cryptocurrencies rebounded at the start of the week, regaining ground after a sharp October 10 selloff triggered by US President Donald Trump’s renewed tariff threats against China. The correction, which wiped out billions in leveraged positions, marked one of the largest single-day liquidations in crypto trading history.

Bitcoin price performance, October 13, 2025.

Bitcoin price performance, October 13, 2025.

Chart via TradingView.

Bitcoin has climbed 2.2 percent in the past 24 hours to trade above US$114,200; the coin plunged below US$109,000 late on October 10 after setting a record high near US$126,200 earlier last week.

The weekend rebound followed Trump’s more conciliatory Truth Social post on October 12, where he wrote:

“Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!!”

Data from CoinGlass reveals over 1.6 million trades were liquidated on October 10, amounting to more than US$19 billion in forced sales across the crypto market. Other reports place the figure at roughly US$20 billion, the largest single-day liquidation in crypto history, as leveraged long positions on Bitcoin and Ether were rapidly unwound.

The event also saw major altcoins like XRP, Dogecoin and Cardano slump by as much as 30 percent, deepening what traders have described as a “cascade of leveraged liquidations.”

According to Bitcoin researcher Axel Adler Jr., the October 10 shock “changed the regime to moderately bearish,” though market structure indicators suggest the downturn has yet to reach capitulation levels.

Adler also notes that the Bitcoin Bull-Bear Structure Index dropped by 8 percent, and a further decline to -15 percent would “signal continued bearish pressure and the risk of retesting local lows.”

Bitcoin dominance in the crypto market now stands at 56.01 percent.

Ether (ETH) was trading at US$4,105.84 as of the time of this writing. Its lowest valuation on Monday was US$3,802.06, and its highest was US$4,196.98.

Altcoin price update

  • Solana (SOL) was priced at US$199.11, an increase of 5.8 percent over the last 24 hours and its highest valuation of the day. Its lowest valuation on Monday was US$179.
  • XRP was trading for US$2.57, up by 6.8 percent over the last 24 hours. Its lowest valuation of the day was US$2.37, and its highest was US$2.64.

ETF data and derivatives trends

The Fear & Greed Index currently reads 40, climbing back to neutral territory after crashing to ‘fear’ last week.

Last week, the cumulative net flows for spot Bitcoin exchange-traded funds (ETFs) were predominantly positive despite the sudden crash on the tail end. According to data from the week of October 6 to October 12, spot Bitcoin ETFs had inflows on four days, with October 10 being the outlier at US$4.5 million in outflows. The inflows were led by BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) and the Fidelity Wise Origin Bitcoin Fund (BATS:FBTC).

Cumulative total inflows for spot Bitcoin ETFs stood at US$62.77 billion as of October 10.

Today’s crypto news to know

Crypto funds log US$3.17 billion in inflows despite tariff turmoil

Digital asset investment products saw US$3.17 billion in inflows last week, shrugging off the volatility sparked by renewed US-China tariff tensions. According to CoinShares, Bitcoin accounted for $2.67 billion of that total, underscoring its dominance in institutional portfolios as exchange-traded product volumes hit a record US$53 billion.

US spot Bitcoin ETFs alone attracted US$2.71 billion, even as major cryptocurrencies corrected midweek. October 10’s minor US$159 million outflow suggests investors were largely unfazed by short-term market shocks.

Furthermore, year-to-date inflows have reached a record US$48.7 billion, already surpassing 2024’s full-year total, which analysts say is indicative of a resilient capital rotation into crypto.

House of Doge to list on Nasdaq

In a bid to bring Dogecoin deeper into traditional finance, House of Doge — the corporate arm of the Dogecoin Foundation — announced plans to debut on the Nasdaq via a reverse merger with Brag House Holdings (NASDAQ:TBH).

CEO Marco Margiotta said the listing will help fund new payment and yield infrastructure for Dogecoin, including a pending spot ETF with 21Shares and a treasury product already trading on the NYSE. Backers include Elon Musk’s attorney Alex Spiro, former Texas Governor Rick Perry and members of the Steinbrenner family.

Margiotta said being public will accelerate Dogecoin’s integration into retail payments and cultural sectors like sports, where the firm plans to launch tokenized fan initiatives.

Dogecoin rose more than 10 percent following the announcement. The deal is expected to close in early 2026.

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

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Here’s a quick recap of the crypto landscape for Friday (October 10) as of 9:00 p.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$116,726, a 3.6 percent decrease in 24 hours. Its lowest valuation of the day was US$116,242, and its highest was US$122,359, recorded shortly after trading began on major indexes.

Bitcoin price performance, October 10, 2025.

Bitcoin price performance, October 10, 2025.

Chart via TradingView.

Bitcoin has logged a weekly loss of around 5.2 percent.

Key support zones are being tested, which could attract dip buyers, potentially setting the stage for a rebound. However, a sustained break below could invite additional downside before market stability returns.

The week was capped by a sharp selloff as Bitcoin dipped in late Friday trading, triggering over US$850 million in liquidations in 24 hours, with the majority being long positions. A contraction in futures open interest confirms that traders are exiting leveraged positions and further supports the narrative of a healthy market reset.

The immediate focus will be on Bitcoin’s ability to reclaim its US$117,000 to US$120,000 support zone over the weekend. Technical momentum indicators suggest the market remains in a consolidation phase, with volatility compression possibly foreshadowing a large directional move in the coming weeks.

Ether (ETH) was priced at US$3,998.07, an 8 percent decrease in 24 hours. Its lowest valuation of the day was US$3,976.33, and its highest was US$4,386.23.

Altcoin price update

  • Solana (SOL) was priced at US$205.98, a decrease of 5.8 percent over the last 24 hours. Its lowest valuation of the day was US$204.77, and its highest was US$224.06.
  • XRP was trading for US$2.68, a decrease of 3.8 percent over the last 24 hours and near its lowest valuation of the day. Its highest was US$2.83.

Today’s crypto news to know

International banks explore stablecoin issuance

A group of leading international banks, including BNP Paribas (EPA:BNP), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), Deutsche Bank (NYSE:DB), Citigroup (NYSE:C), UBS Group (NYSE:UBS) and others, has announced a joint exploration into issuing a stablecoin pegged to major G7 fiat currencies.

The initiative seeks to use digital assets to create a stable payment option that boosts competition and efficiency in financial markets, especially cross-border payments. The banks emphasize that they will ensure full compliance with regulatory requirements and adopt best risk management practices.

The project is in its early stages and will involve ongoing coordination with regulators and supervisors across relevant markets. While no specific timeline has been announced, this collaboration signals growing institutional interest in blockchain-based financial innovation.

Kalshi completes Series D funding round, expands internationally

Kalshi completed a Series D funding round of over US$300 million led by Sequoia Capital and Andreessen Horowitz (a16z), with participation by Paradigm, CapitalG, Coinbase Ventures, General Catalyst and Spark Capital.

The latest round brings the company’s valuation to US$5 billion and comes after Kalshi closed a separate US$185 million funding round in June; it was led by Paradigm and also featured Sequoia. The platform also announced an international expansion with an immediate launch in 140 new markets.

“International users can now access the platform via the Kalshi website with an identical product experience to American users,” the company said in a press release.

Prestige Wealth secures funding for digital gold treasury, rebrands as Aurelion

Prestige Wealth (NASDAQ:AURE) announced it has secured approximately US$150 million in financing to establish Nasdaq’s first digital gold treasury focused on Tether Gold, a gold-backed stablecoin issued by Tether. This milestone is part of a broader plan to integrate tokenized gold into the company’s reserve assets. As part of the transition, Prestige Wealth will rebrand itself as Aurelion and start trading under the ticker symbol AURE on October 13.

The financing package consists of a US$100 million private investment in public equity, with Antalpha Platforms as the lead investor, supported by Tether and Kiara Capital. Additionally, there is a US$50 million senior debt facility. Most of these funds will be allocated to acquiring Tether Gold, which will serve as Aurelion Treasury’s reserve asset.

XRP, DOGE, SOL slip as US$2.7 billion flows into Bitcoin ETFs

Major altcoins faced losses on Friday as cryptocurrency traders took profits from Bitcoin’s record-breaking rally, even as spot exchange-traded fund (ETF) demand remained strong.

Solana, XRP, Dogecoin and Cardano each slid up to 3 percent, according to CoinDesk. Despite the retreat, US-listed Bitcoin ETFs drew US$2.72 billion in inflows this week, highlighting resilient institutional appetite.

The ETF surge underscores Bitcoin’s growing role as a “digital safe haven,” especially amid gold’s surge above US$4,000 per ounce. However, a possible pullback to the US$107,000 to US$115,000 range could be imminent ahead of the US Federal Reserve’s October policy meeting.

EU dismisses ECB’s call for new stablecoin rules

The European Commission said Friday that existing crypto regulations under MiCA are adequate to handle stablecoin risks, pushing back on calls from the European Central Bank (ECB) for stricter oversight.

According to Reuters, the ECB had urged Brussels to introduce new safeguards against “multi-issuance” models, where stablecoins minted outside the EU could be treated as interchangeable with those issued within.

Industry groups, including members like Circle Internet Group (NYSE:CRCL), asked the commission to formally clarify that multi-issuance is allowed under current rules. In a statement to Reuters, the commission said MiCA already provides a “robust and proportionate framework,” and that further guidance will be published soon.

The ECB’s main concern is that redemptions from non-EU tokens could drain reserves inside the bloc, posing systemic risks. Stablecoin issuers countered that their reserve structures already mitigate such threats.

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

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

This post appeared first on investingnews.com

Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) announces a capital raising of $6 million, comprising the issue of 133,333,334 fully paid ordinary shares in the capital of the Company at an issue price of $0.045 per Share. Participants in the placement will also receive free attaching listed options at 1 option for every 2 shares issued with an exercise price of $0.065 and expiry date of 31 October 2028.

Highlights

– Binding Commitments to raise $6 million at an Issue price of $0.045 per share

– Strong foundations set to deliver further trials and sales of UPS batteries, source project finance of CERENERGY(R), complete the 90kWh battery prototype and assess the 4 GWh Giga factory for large scale production

– Funds will be used to further progress a variety of value accretive activities at the CERENERGY(R), AMPower and Silumina AnodesTM Projects

The Shares and Options under the Placement will be issued out of the Company’s available capacity under Listing Rules 7.1. It is proposed that the shares will be issued on 20 October 2025. The options represent a new class of listed security and as such, will require a Prospectus to be issued prior to the options being allotted. Altech is now working on the Prospectus and aims to have it finalised within the coming weeks.

The Placement was jointly managed by Evolution Capital and Alpine Capital. The costs associated with the Placement was a combined 6% fee on all funds raised plus 60,000,000 options. Further details regarding the Placement are set out in the Appendix 3B of today’s date.

The funding establishes balance sheet flexibility for the Company to execute on the following near term `milestones:

– Trials and sales of Altech UPS batteries: Initial sales anticipated of advanced UPS batteries, targeting critical infrastructure customers across Europe, Australia, and the United States.

– Funding Deals: sourcing project finance for the 120 MWh CERENERGY(R) production facility in Germany, supporting large-scale commercial rollout.

– Pilot Plant and Battery Commercialisation News:

o Completion of the larger 90kWh battery prototype for the CERENERGY(R) project.

o Preliminary assessment for establishing a 4 GWh Giga factory for largescale production.

Managing Director Mr Iggy Tan stated ‘We are encouraged by the strong market interest in our current initiatives. This capital raise comes at an exciting time for Altech as it establishes its selling, distribution and installation infrastructure for AMPower produced Altech branded sodium nickel chloride (SNC) batteries and advances the commercialisation of its 120MWh CERENERGY(R) battery project. With the operation of the Silumina Anodes(TM) pilot plant completed and NDAs signed with major US and European car manufacturers, Altech is readying itself to provide commercial samples of the product. A portion of the funds will also be allocated to a preliminary study for a larger 4 GWh battery facility, marking the next significant step towards commercialisation’.

About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

Source:
Altech Batteries Ltd

Contact:
Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

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