Key Takeaways J has been named program manager for a large pediatric hospital project in Dallas.The 4.5M sq. ft. facility will expand capacity and house a Level IV NICU.J's backlog hit $22.2B in Q3 2025, up 20% y/y, signaling continued growth momentum.Jacobs Solutions Inc. (J) has been appointed as the program manager for a hospital project in Dallas, TX. This project is a joint venture between Children’s Health and the University of Texas Southwestern Medical Center.As one of the largest pediatric healthca ...

Summary of NextNav Conference Call Company Overview - **Company**: NextNav - **Industry**: Positioning, Navigation, and Timing (PNT) solutions, specifically terrestrial GPS backup systems Key Highlights 1. **Investment Highlights**: - NextNav is developing a next-generation PNT solution integrated with 5G technology [1][2] - The company possesses valuable spectrum assets with excellent propagation characteristics for PNT and broadband 5G [2][8] - Strong management team with experience in telecommunications and national security [2] 2. **Problem Statement**: - Current satellite-based GPS systems have coverage limitations, especially in urban areas and indoors, and are vulnerable to jamming and spoofing [4][5] - The Department of Defense (DOD) has highlighted the national security risks associated with reliance on GPS [4][5] 3. **Proposed Solution**: - NextNav aims to create a terrestrial GPS backup using its spectrum in the lower 900 MHz band, which will be integrated into existing 5G networks [6][7] - The solution will provide reliable positioning and timing indoors and in urban canyons, addressing the vulnerabilities of satellite systems [6][7][10] 4. **Spectrum Assets**: - NextNav holds licenses covering over 96% of the U.S. population, with approximately 4 billion MHz pops in the lower 900 MHz band [8][9] - The estimated value of the GPS backup solution is $14.6 billion, providing significant economic insurance against GPS outages [9][15] 5. **Economic Impact**: - A one-day GPS outage could result in an economic loss of $1.6 billion, escalating to $58 billion for a 30-day outage [16] - NextNav's solution aims to mitigate these potential losses by providing a reliable PNT system [16] 6. **Regulatory Process**: - NextNav has filed a petition with the FCC to optimize its spectrum band plan for 5G integration [17][23] - The FCC has approved the assignment application, and the next step is a Notice of Proposed Rulemaking (NPRM) [22][23] 7. **Technical Studies**: - Comprehensive studies have shown that existing toll operators can coexist with NextNav's operations with minimal retuning required [25][26] - Unlicensed operations in the IoT space will not be impacted by NextNav's spectrum usage [27][28] 8. **Commercialization and Partnerships**: - NextNav plans to partner with existing 5G operators to build out the PNT network, leveraging their infrastructure [57] - The PNT solution will require minimal changes to existing handsets and infrastructure, making it easier for operators to adopt [60][62] 9. **Accuracy and Coverage**: - NextNav's PNT solution is expected to provide single-digit meter accuracy in urban areas, significantly improving upon GPS performance in such environments [78][80] - The solution can be deployed nationwide, including rural areas, due to the favorable propagation characteristics of low-band spectrum [88] 10. **Valuation and Financials**: - The valuation of the PNT solution is based on the economic impact of GPS outages rather than direct spectrum valuation [91] - Recent transactions in low-band spectrum provide benchmarks for potential valuation [92] 11. **Operational Efficiency**: - NextNav operates efficiently with a small team and an existing live network, minimizing the need for taxpayer funding [98][99] Additional Insights - The urgency of the national security issue surrounding GPS reliance is emphasized, with NextNav advocating for swift regulatory action [40][50] - The company is confident in its path forward, indicating that even if the FCC does not grant the spectrum rebranding, it has alternative valuable technologies and spectrum [89][90]

What do you think of of 15% uh of the revenues of Nvidia and AMD uh uh going to the US government. I mean, it'd be nice to it's always nice to bring in some money with the the deficits we're running. Is this the way to do it.>> Uh no, it's not. I mean, we're not China, right. When you start blurring the lines between the state and um the state's enterprises uh or the the free market, um we start to look a lot more like China.And so whether it's taking 15% of of everyone's profits, I mean that's just a tax b ...

President Trump's former national security adviser, Mike Waltz, wrapped up his Senate hearing on his nomination to be ambassador to the United Nations. It was lawmakaker's first opportunity to publicly question him following the signal controversy back in March. Waltz inadvertently added a journalist to a private group chat where military plans were being openly discussed.The president then removed Waltz from his role as national security adviser in the wake of that incident. He nominated him for this role ...

Company Overview & Strategy - Ramico Resources acquired the Brook mine site 15 years ago and permitted it 5 years ago [1] - The company shifted its focus from a traditional coal mine to a critical mineral mine with rare earths co-mingled with coal [2] - Ramico Resources aims to establish a vertically integrated supply chain from extraction to rare earth oxides production [3] - The company is considering expanding its supply chain to include magnets or even semiconductor wafers [3][4] Government & Industry Dynamics - The US government is taking steps to create a level playing field in the rare earth industry to counter China's dominance [5][6] - Ramico Resources has been working with national labs from the Department of Energy and is in discussions with the Department of Defense [7] - Government involvement is deemed necessary to support the nascent rare earth industry and ensure a reliable supply [10][11] Resource Potential - The company has discovered approximately 17 million tons of rare earths, utilizing only about one-third of the mine site [7] - The US uses approximately 10,000 tons of rare earths per year, suggesting the mine could supply the US for over 100 years [8]

AI Regulation & Governance - The industry believes AI regulation should occur at the federal level due to interstate and international commerce, and the open internet [2][3] - The industry notes that a patchwork of state regulations on AI model development and deployment would hinder internet service providers and negatively impact consumers and the job market [4] - The industry points out that early state legislation on AI, such as in California, demonstrated a naive understanding of AI technology and its diverse applications [5] - The industry emphasizes that federal AI regulation is critical for job creation, economic improvement, GDP growth, and productivity [6] - The industry expresses disappointment that federal preemption of AI regulation was not included in a particular bill, considering it vital for the US economy [7] - The industry argues that AI is of national security importance and crucial for maintaining technological and economic supremacy, thus requiring federal governance [10][11] - The industry fears that 50 different sets of state regulations on AI would slow down startups and smaller companies, while benefiting a few large incumbents [13] Comparison with Other Issues - The industry differentiates AI regulation from issues like abortion, which are considered individual matters best left to state governance [9] - The industry draws parallels between the current AI regulatory landscape and the historical development of internet regulation, suggesting a need for federal standards [18][19] - The industry contrasts AI regulation with issues like gambling and cannabis, which are currently regulated at the state level, arguing that AI's impact is broader and requires a unified federal approach [14][15]

Fiscal Policy & Economic Impact - The bill aims to continue tax breaks from Trump's first term and add provisions from his second term promises [3] - The bill is expected to positively impact the economy [4] - The Congressional Budget Office (CBO) estimates the Senate version of the bill will increase the national debt by 33% trillion over the next 10 years [6] Healthcare Implications - The CBO estimates that the bill will lead to approximately 12 million people (118%) losing health insurance by 2030 [7] - The bill includes provisions that may cause individuals who are eligible to work but choose not to, to lose healthcare benefits [9] National Security & Defense - The bill includes increased spending on defense, including provisions for missile defense [8] - Focus on evolving threats from China and Russia [8] Iran Nuclear Program - Iran could resume enriching uranium in a matter of months [14][15] - The president discussed specific enrichment facilities that were destroyed [16] - Iran has other sites and capabilities to restart their nuclear program [17] - Iran is considered a terrorist state with nuclear aspirations [19][20] Intelligence Sharing - The White House plans to limit intelligence sharing with lawmakers [21] - Congress will continue to have access to intelligence [23] - Addressing leaks that can impact national security is important [23]

Geopolitical Crisis & International Relations - The G7's effectiveness is questioned due to the president's early departure during a geopolitical crisis [2][3] - The US signals to Iran that it must either accept a deal to prevent nuclear weapon development or face potential military action from Israel and the US [4][5] - US officials estimate Iran is days away from assembling the fissile material needed for a nuclear bomb, but months away from delivering a weapon [8] - Israel views preventing Iran from acquiring nuclear weapons as an existential matter, while the US, though not seeing it as existential, is committed to preventing Iran from obtaining such weapons [9] - The US and Israel are closely aligned regarding Iran [10] US Foreign Policy & Power Dynamics - The president's early departure from the G7 is partly a power play, demonstrating his focus on urgent matters like Iran [11][12] - Trade is a lower priority for the US president compared to the Iran situation [12][13] - The US president prioritizes the Iran issue as an urgent matter [13] Military & Security - The Fordo nuclear installation is under consideration for potential military action by the US, requiring B2 bombers with 30,000-pound bombs [5] - Iran's defenses and proxies are weakened, making them unable to successfully strike Israel due to Israel's strong defenses [7]

Legislative Action & Political Strategy - The Senate is working on changes to the House-passed reconciliation bill with a July 4th deadline [1][2] - The Senate aims to make changes to the bill, but they are not expected to be radical [4] - Senate leadership is actively listening to members' concerns and incorporating ideas to ensure the bill's passage [5][6] - Securing the border, national security, and energy are key priorities for the bill [3] Fiscal & Economic Considerations - The bill is considered important for the economy and the prosperity of many people [6] - Maintaining current tax levels is a priority [3] Benefit Programs & Healthcare - Focus on ensuring benefits reach those who deserve and need them, specifically regarding SNAP and Medicaid [8][13] - Addressing waste, fraud, and abuse within benefit programs is crucial [9] - States are on tight budgets, and the federal government will consider this when implementing changes to programs like SNAP [10] - Medicaid is the fastest-growing part of the healthcare system and needs to be controlled [15] - Implementing work requirements and more frequent eligibility attestations for Medicaid beneficiaries are being considered [14] - The expansion of Medicaid under the Affordable Care Act is being reviewed to preserve benefits for those who qualify [13]

Core Viewpoint - Nano Dimension Ltd. is set to discuss its Q1 2025 financial results in a conference call and webcast scheduled for June 12, 2025 [1]. Group 1: Company Overview - Nano Dimension is a leader in Digital Manufacturing solutions, focusing on advanced technologies for various industries including defense, aerospace, automotive, electronics, and medical devices [3]. - The company is driven by trends in onshoring, national security, and increasing product customization, enabling rapid deployment of high-mix, low-volume production with IP security and sustainable practices [3]. Group 2: Event Details - The conference call will take place on June 12, 2025, at 4:30 pm EST, with participants advised to log in at least 10 minutes prior to the call [2][4]. - A replay of the webcast will be available shortly after the conclusion of the call [2].