Meta has hired a highly influential OpenAI researcher, Trapit Bansal, to work on its AI reasoning models under the company’s new AI superintelligence unit, a person familiar with the matter tells TechCrunch. OpenAI spokesperson Kayla Wood confirmed to TechCrunch that Bansal had departed OpenAI. Bansal’s LinkedIn page says that he left OpenAI in June. Bansal has worked at OpenAI since 2022 and was a key player in kickstarting OpenAI’s work on reinforcement learning alongside OpenAI co-founder Ilya Sutskever ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

LONDON, June 26, 2025 /PRNewswire/ -- Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces the release of Club Offers for Club Members.Rigorously vetted and negotiated for us travel enthusiasts in the UK: £399pp—Iconic Burgh Island Hotel: 2 nights with dinnerStay two nights at the glamorous Burgh Island Hotel—once a 1930's hotspot for A-listers like Agatha Christie and Noel Coward—for £798, saving up to £750. Includes two black-tie dinners, praised by Tatler as the "ultimate theatrical time ...

Key Takeaways Fed proposes easing capital rules for major banks, including JPM, BAC, GS and MS. Plan would cut capital needs by $13B at top banks and $213B at their subsidiaries. New rule ties SLR buffers to half of each bank's GSIB surcharge instead of fixed rates.The Federal Reserve unveiled a proposal to ease the enhanced Supplementary Leverage Ratio (SLR) to reduce capital requirements significantly for the major U.S. banks, including JPMorgan Chase & Co. (JPM) , Bank of America (BAC) , Goldman Sachs ...

Key Takeaways MKC's Q2 EPS of 69 cents beat estimates and matched the prior-year quarter. Organic sales rose 2% in Q2, driven by favorable volume and product mix. CCI-led cost savings helped grow adjusted operating income 10% despite gross margin pressures.McCormick & Company, Incorporated (MKC) reported second-quarter fiscal 2025 results, with the top line increasing year over year but missing the Zacks Consensus Estimate. The bottom line was flat year over year but surpassed the consensus mark.The adjus ...

Key Takeaways Shopify's merchant-friendly tools and apps are fueling growth in the booming e-commerce market. Shop Pay processed $22B in GMV in Q1 2025, up 57% year over year, with major brands joining the platform. A new Coinbase and Stripe deal enables USDC payments, enhancing global transactions on Shopify Payments.Shopify (SHOP) is growing its presence in the e-commerce domain by offering user-friendly tools and an extensive app marketplace.According to the Morder Intelligence report, the e-commerce m ...

2025.06. 26 本文字数：1311，阅读时长大约2分钟 作者 | 第一财经 武子晔 6月26日晚间，小米汽车旗下第二款产品YU7正式上市。随后，该公司官微称，3分钟YU7大定突破 20万台。 截至晚上22:45左右，小米美股ADR涨幅约8.24%。 据介绍，小米YU7长宽高分别为4999mm、宽1996mm、高1600mm，轴距为3米，标准版价格为 25.35万元，PRO版27.99万，Max版本32.99万元。从定价来看，YU7主攻方向是中大型SUV市 场。雷军在发布会上称，Model Y已经连续多年取得细分市场销冠，他将YU7各项参数与Model Y进 行了详细对比。不过他也表示，在能耗和FSD上特斯拉仍领先很多。 与SU7上市类似，在新车上市前，雷军通过社交平台就不断发声，为YU7造势。6月25日，雷军发文 称，小米YU7将是小米汽车的一场关键大考，因为SUV是汽车行业真正的主战场，YU7即将迎来最 残酷的竞争。 在20万～30万元级纯电SUV市场，除了特斯拉Model Y外，这一细分领域还有小鹏G9、蔚来ES6等 产品。此外，理想、问界、智界等推出的增程电动车也位于这一价格区间。这意味着，小米 ...

Financial Data and Key Metrics Changes - The company reported a strong first quarter with significant identical sales growth driven by pharmacy, ecommerce, and fresh categories [34] - A dividend increase from $1.28 to $1.40 per year was approved, marking the 19th consecutive year of dividend increases [38] Business Line Data and Key Metrics Changes - The ecommerce segment experienced double-digit growth, indicating a successful strategy in online sales [54] - The company plans to complete 30 store projects in 2025, maintaining the same level as the previous year, with intentions to increase this number in 2026 and beyond [54] Market Data and Key Metrics Changes - The company lowered prices on over 2,000 additional products in the first quarter, aiming to make savings more visible to customers [52] - The competitive pricing environment remains rational, with a focus on keeping prices affordable to attract more customers [51] Company Strategy and Development Direction - The company is focusing on core retail business investments, including lower prices and extended store hours, funded by reducing corporate expenses [34] - A strategic reevaluation of non-core assets is underway to enhance focus on the primary business [33] Management's Comments on Operating Environment and Future Outlook - Management emphasized the need to adapt quickly to competition, particularly in ecommerce, to improve profitability and customer base [35] - The company is committed to investing in associates, having increased average store hourly pay by 38% over the past seven years [36] Other Important Information - The company has donated over 3.4 billion meals through its Zero Hunger, Zero Waste plan, showcasing its commitment to community support [38] - The board of directors expressed confidence in the company's strategy through the approved dividend increase [39] Q&A Session Summary Question: Update on the CEO search - The board has a search committee in place working with a recognized search firm, while the current CEO remains committed to leading during the transition [48] Question: Raising employee wages in line with cost of living - The company has invested $2.4 billion in wages since 2018, resulting in a 38% increase in average hourly store wages [49] Question: Pricing strategies in a competitive environment - The company is focused on lowering prices to attract customers, having reduced prices on over 2,000 products in the first quarter [52] Question: Store plans and future growth - The company is on track to complete 30 store projects in 2025 and plans to close approximately 60 underperforming stores, reallocating resources to new store growth [55] Question: Approach to customer health data requests - The company prioritizes customer trust and has a team ensuring compliance with data protection laws [56] Question: Justification of executive pay ratios - Compensation is based on various factors, and the company continues to invest in associates' wages and benefits [58] Question: Board's stance on supporting farm workers - The company believes its existing standards for suppliers make the shareholder proposal unnecessary [60] Question: Impact of proposed changes to SNAP on sales - The company is prepared to navigate changes to the SNAP program without expecting a significant impact on sales [61] Question: Alignment of waste reduction vision with cigarette waste proposal - The company views the cigarette waste proposal as redundant given its existing waste reduction commitments [63] Question: Thoughts on changing tariff situations - The company is monitoring tariff changes and is prepared to manage any potential cost impacts [65]

Summary of Upexi (UPXI) Fireside Chat - June 26, 2025 Company Overview - Upexi (UPXI) has diversified its operations into the cryptocurrency space, specifically focusing on a Solana treasury strategy, making it one of the first public companies to do so [3][6][10]. Key Industry Insights - The cryptocurrency industry is becoming mainstream, with significant events like the BTC conference in Las Vegas attracting over 50,000 attendees [1]. - The current administration is seen as a proponent of cryptocurrency, which has created favorable conditions for the industry [9]. Core Strategies and Financials - Upexi raised $100 million to support its Solana treasury strategy, led by prominent crypto venture capital firms [10]. - The company has transitioned from being a brand owner to focusing on cryptocurrency investments, with a current revenue estimate of $15 to $20 million from its remaining brand operations [7][8]. - Upexi holds 735,692 SOL, representing an 8% increase from the previous update, with a current value of approximately $107 million [35]. Investment Rationale - Upexi aims to replicate the success of MicroStrategy by accumulating Solana (SOL) as a digital asset treasury, with the potential to become a $4 billion company if it captures a similar market share as MicroStrategy has with Bitcoin [15][16]. - The company is currently the largest Solana treasury holder by the number of SOL held, backed by 15 prestigious digital asset venture capital firms [16]. Competitive Advantages - Upexi's strategy includes staking SOL to earn approximately 8% yield, which differentiates it from Bitcoin, which does not generate yield [12][31]. - The company has a buy-and-hold strategy focused solely on Solana, avoiding diversification into other cryptocurrencies for the time being [37]. - Upexi's management emphasizes best-in-class risk management practices, including prudent leverage limits and the use of qualified custodians [42][44]. Market Positioning and Valuation - Digital asset treasury companies like Upexi are compared to banks, trading at a premium to net asset value (NAV) due to their unique value accrual mechanisms [24][25]. - Upexi's stock is expected to rise with the price of Solana, and the company aims to engage in accretive equity issuance when trading above NAV [40]. Future Outlook - Upexi plans to continue focusing on Solana and is exploring ways to increase staking revenue and enhance shareholder value through intelligent capital issuance [37][44]. - The management believes that Solana has the best chance to be the leading smart contract blockchain due to its technical advantages and growing ecosystem [46][48]. Conclusion - Upexi is positioned as a significant player in the cryptocurrency treasury space, leveraging its Solana holdings and strategic partnerships to maximize shareholder value while maintaining a focus on risk management and operational efficiency [50][52].

Financial Data and Key Metrics Changes - Consolidated revenues for Q3 2025 increased by 22% to $169.5 million compared to $139.2 million in the prior year [9] - Net earnings for the quarter were $19.5 million or $1.78 per diluted share, down from $20.4 million or $1.85 per diluted share in the prior year, primarily due to a one-time income tax credit in the prior year [9][10] - Excluding the tax credit impact, current year earnings per share represent a 26% increase over the prior year [10] Business Line Data and Key Metrics Changes - Irrigation segment revenues increased by 25% to $143.7 million compared to $114.8 million in the prior year [10] - North America irrigation revenues increased by 1% to $69.1 million, with unit sales volume comparable to the prior year [10] - International irrigation revenues surged by 60% to $74.7 million, driven by a large project in the MENA region and higher sales in Brazil [11] - Infrastructure segment revenues increased by 6% to $25.7 million, primarily from higher sales of road safety products [12] Market Data and Key Metrics Changes - In North America, the irrigation market is influenced by weather conditions affecting crop yields and net farm income, with a projected decline in crop revenue [4][5] - The federal government in Brazil raised the benchmark interest rate to 15%, impacting market conditions and credit availability [5] - The project funnel in the MENA region remains strong, with a focus on food security and water resource conservation [6] Company Strategy and Development Direction - The company aims to grow its road safety products and Road Zipper system businesses, particularly through leasing to stabilize revenue [4] - Continued investment in technology partnerships, such as with Pessil Instruments, enhances precision irrigation capabilities and cross-selling opportunities [8] - The company is navigating an evolving tariff environment while leveraging its global footprint to mitigate impacts [7] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the international business, particularly in Brazil, despite current economic challenges [20][47] - The company anticipates that the upcoming crop plan in Brazil will significantly influence funding availability and market conditions [47] - Management remains confident in the long-term growth opportunities in Brazil, despite short-term caution due to high interest rates [47] Other Important Information - Total available liquidity at the end of Q3 was $261 million, including $211 million in cash and equivalents [13] - The company delivered $24 million in large projects during Q3, slightly ahead of schedule [56] Q&A Session Summary Question: Impact of Middle East tensions on large project activity - Management does not foresee significant short-term impacts on large project activity due to ongoing tensions, with long-term drivers related to food security remaining intact [19] Question: Long-term growth opportunity in Brazil - Management remains optimistic about Brazil's growth potential, citing low irrigation adoption rates and improving credit conditions [20] Question: Impact of tax credits on demand outlook - Tax credits and accelerated depreciation are expected to shift demand timing rather than increase overall demand, particularly benefiting the irrigation business [22] Question: Pricing trends and regional impacts - Pricing actions have been proactive, with slight impacts on revenues, particularly in the U.S. market [30] Question: Drought impact on machine demand - Management does not expect significant increases in machine demand due to drought conditions, although there may be increased service business [35] Question: Margins on new MENA project - Comparable margins are expected for the new $20 million project as with previous larger projects in the region [38] Question: North American pivot sales correlation with major equipment manufacturers - Different go-to-market models and regional demand variations explain the disconnect between pivot sales and major equipment manufacturers' volumes [61]