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Sentiment among the nation’s single-family homebuilders dropped to the lowest level in five months in February, largely due to concern over tariffs, which would raise their costs significantly.

The National Association of Home Builders’ Housing Market Index (HMI) dropped a sharp 5 points from January to a reading of 42. Anything below 50 is considered negative sentiment. Last February, the index stood at 48.

“While builders hold out hope for pro-development policies, particularly for regulatory reform, policy uncertainty and cost factors created a reset for 2025 expectations in the most recent HMI,” said NAHB Chairman Carl Harris, a home builder from Wichita, Kansas.

Of the index’s three components, current sales conditions fell 4 points to 46, buyer traffic fell 3 points to 29 and sales expectations in the next six months plunged 13 points to 46. That last component hit its lowest level since December 2023.

Builders are already facing elevated mortgage rates. The average rate on the 30-year fixed was over 7% for January and February after earlier being in the 6% range. Home prices are also higher than they were a year ago, weakening affordability further.

While President Donald Trump’s tariffs on Canada and Mexico, originally proposed to take effect in early February, were delayed roughly a month, builders are still expecting higher costs.

“With 32% of appliances and 30% of softwood lumber coming from international trade, uncertainty over the scale and scope of tariffs has builders further concerned about costs,” said NAHB chief economist Robert Dietz.

Homebuilder sentiment had been gaining steadily since August on the expectation of lower mortgage rates and, as the builders noted, potential pro-development policies. Single-family housing starts are trending lower than they were a year ago, despite a lean supply of existing homes for sale.

The drop in builder sentiment, coming right before the all-important spring market, signals potentially even less supply in the market. Several homebuilders have noted the pullback in buyer demand in recent earnings reports.

“Despite Federal Reserve actions to lower short-term interest rates, mortgage interest rates remained elevated in the fourth quarter, which impacted buyer demand as homebuyers continue to face affordability challenges,” said Ryan Marshall, CEO of PulteGroup, in its fourth-quarter earnings release.

The share of builders lowering prices dropped to 26% in February, down from 30% in January and the lowest share since May 2024. Other sales incentives also fell.

This may be because incentives are becoming less effective at attracting buyers, since high prices and high rates have reduced the pool of buyers for whom these benefits move the needle, according to the NAHB.

When a buyer is solidly priced out, no incentive helps, and with rates remaining higher, the pool of marginal buyers may be shrinking. Offering incentives to buyers who would buy regardless of price or rates is of diminishing value for builders.

This post appeared first on NBC NEWS

President Donald Trump signed an executive order Tuesday requesting the Domestic Policy Council examine ways to make in vitro fertilization, known as IVF, more affordable and accessible for Americans – despite the fact Democrats cautioned that Trump would seek to ban the procedure. 

‘Americans need reliable access to IVF and more affordable treatment options, as the cost per cycle can range from $12,000 to $25,000,’ the executive order said. ‘Providing support, awareness, and access to affordable fertility treatments can help these families navigate their path to parenthood with hope and confidence.’

Specifically, the order requires the assistant to the president for domestic policy to provide a list of policy recommendations aimed at ‘protecting IVF access and aggressively reducing out-of-pocket and health plan costs for IVF treatment’ within 90 days, according to the order. 

The directive comes months after former Vice President Kamala Harris’ running mate in the 2024 election against Trump, Minnesota Gov. Tim Walz, accused the Trump administration of being ‘anti-IVF.’ 

Specifically, Walz singled out Trump’s running mate, then-Sen. JD Vance, a practicing Catholic who voted in June against the Right to IVF Act. The Catholic Church opposes IVF, saying unused embryos pose a moral dilemma. 

But Vance said in August 2024 he doesn’t believe all his religious views should translate to public policy since the U.S. is a ‘democratic society,’ he told the New York Post. 

‘Catholic social teaching is obviously very robust,’ he told the Post. ‘I think that no person who, or at least no one I know who’s Catholic, doesn’t accept that just because the Catholic Church teaches something, doesn’t mean you necessarily as a legislator need to affect that to public policy.’ 

The Right to IVF measure would establish a nationwide right to IVF and other assisted reproductive technology, but it failed to pass in the Senate. 

‘JD Vance opposing the miracle of IVF is a direct attack on my family and so many others,’ Walz said in a social media post on X in July 2024. 

Walz previously claimed that he and his wife, Gwen, struggled to conceive and shared details during the 2024 campaign about the couple’s experience using IVF to become pregnant with their two children. 

But Gwen Walz later clarified in August 2024 in an interview with Glamour magazinethat the couple actually used intrauterine insemination, known as IUI, to conceive. The process involves using a catheter to place the sperm directly into the uterus to increase odds of conception. 

In contrast, IVF requires the removal of a woman’s eggs and injecting them with sperm to create embryos, which then are placed back into the woman’s uterus. 

More than 85,000 babies born in 2021 were from IVF, according to the Department of Health and Human Services. 

Costly IVF treatments are rarely fully covered by health insurance, and only 25% of employers report providing coverage to their employees, according to the White House.

Trump unveiled plans in August 2024 that he’d seek to require insurance companies to cover the cost of IVF, stating he was pushing the policy ‘because we want more babies, to put it nicely.’

The Associated Press contributed to this report. 

This post appeared first on FOX NEWS

Lori Chavez-DeRemer, the pro-union Republican tapped by President Donald Trump for Labor secretary, testified before the Senate Committee on Health, Education, Labor and Pensions (HELP) on Wednesday, fielding questions from senators about her support for the Protecting the Right to Organize (PRO) Act. 

Chavez-DeRemer supported the PRO Act as a representative for Oregon’s 5th congressional district. She told senators on Wednesday she no longer supports the aspect of the PRO Act that would have overturned Republican-backed Right-to-Work laws, which could earn her the favor of some Republican senators who were reluctant to confirm her nomination. 

The PRO Act would effectively kill state-level laws that prevent employers and unions from requiring workers to pay union dues as a condition of their employment. Republicans, including Sen. Rand Paul, R-Ky., opposed the PRO Act for overturning Right-to-Work laws. Paul said he would not support her if she continued to support the PRO Act. 

‘If she wanted to make a public statement saying that her support for the PRO Act was incorrect and she no longer does, then I’d think about her nomination,’ Paul told Fox News Digital in a statement ahead of Chavez-DeRemer’s hearing. 

As a member of the HELP committee, Paul had the opportunity to question Chavez-DeRemer about the PRO Act on Wednesday. 

‘So you no longer support the aspect of the PRO Act that would have overturned state Right-to-Work laws?’ Paul asked during the hearing. 

Chavez-DeRemer agreed she no longer supports the aspect of the PRO Act that would have overturned the state’s Right-to-Work laws, replying, ‘Yes, sir.’

‘Like President Trump, I believe our labor laws need to be updated and modernized to reflect today’s workforce and the business environment,’ Chavez-DeRemer said on Wednesday. ‘As a member of Congress, the PRO Act was the bill to have those conversations that mattered deeply to the people of Oregon’s 5th congressional district. I recognize that that bill was imperfect, and I also recognize that I am no longer representing Oregon as a lawmaker.’

Sen. Tommy Tuberville, R-Ala., also queried Chavez-DeRemer about the PRO Act, questioning if she would change Alabama’s Right-to-Work laws. 

‘My constituents at home want to know that. Are you going to try to change our status as Right-to-Work?’ Tuberville asked during the hearing. 

‘I respect the fact that you are from a Right-to-Work state, and I respect the fact that you can continue to be a Right-to-Work state,’ Chavez-DeRemer said. 

Chavez-DeRemer highlighted the distinction between representing Oregon as a congresswoman and representing Trump’s agenda as Labor secretary. 

‘I signed on to the PRO Act because I was representing Oregon’s 5th district, but I also signed on to the PRO Act because I wanted to be at that table and have those conversations. I fully, fairly support states who want to protect their Right-to-Work,’ Chavez-DeRemer said.

Sen. Bernie Sanders (I-V.T.) began the hearing by questioning if Chavez-DeRemer would stand by her pro-union values or bend the knee to Trump’s ‘authoritarian’ rule. 

‘You will have to make a choice. Will you be a rubber stamp for the anti-worker agenda of Elon Musk, Jeff Bezos and other multi-billionaires who are blatantly anti-union?’ Sanders asked. 

‘Or will you stand with working families all over the country? So that is really the main issue. It’s not just your record. This is a very unusual administration. In my view, we are moving toward an authoritarian society where one person has enormous power,’ Sanders added. 

Chavez-DeRemer was joined by her husband, Dr. Shawn DeRemer, father Richard Chavez, mother Patricia Chavez, daughter Annie DeRemer and other extended family members.

In her opening statement, Chavez-DeRemer thanked Trump and credited him with the ‘single greatest political achievement of our time’ – a new coalition of working-class Americans. 

‘President Trump has united a new coalition of working-class Americans like never before. With 59.6% of Teamsters backing him, historic support from African American and Latino voters, and record-breaking turnout in once-solid blue cities and states—Americans are speaking loud and clear. They are calling for action, progress, and leadership that puts the American worker first,’ Chavez-DeRemer said. 

Chavez-DeRemer advocated for trade school investments to expand ‘educational pathways beyond the traditional four-year degree’ programs that will strengthen the American workforce. She committed to leveling the playing field for American businesses, workers and unions. 

‘My record of collaboration demonstrates a shared belief that, under President Trump’s leadership, we can deliver real solutions. Putting American Workers First is not just a vision but a promise to fight for every working mom, single dad, small business owner, and every American striving for their fair shot at the American Dream,’ Chavez-DeRemer said. 

Less than three weeks after he was elected president, Trump nominated Chavez-DeRemer for U.S. secretary of Labor. 

‘Lori has worked tirelessly with both Business and Labor to build America’s workforce, and support the hardworking men and women of America,’ Trump said. ‘I look forward to working with her to create tremendous opportunity for American Workers, to expand training and apprenticeships, to grow wages and improve working conditions, to bring back our manufacturing jobs. Together, we will achieve historic cooperation between Business and Labor that will restore the American Dream for Working Families.’

Fox News’ Julia Johnson contributed to this report.

This post appeared first on FOX NEWS

NEWYou can now listen to Fox News articles!

On my first day as secretary of Transportation, we witnessed the midair collision in Washington, D.C., that took 67 lives. 

While the investigation is ongoing, the tragedy highlighted the urgent need to modernize our air traffic systems — and to move past the broken promises and political inertia of the past. 

The Federal Aviation Administration’s (FAA) unsustainable software systems that we’ve inherited are symptomatic of the endemic problems that plagued the Biden administration: a bloated bureaucracy that pushed overregulation instead of innovation, and radical DEI instead of merit. As a result, innovation stagnated and safety was sacrificed. 

Unlike my predecessors, I won’t run from difficult problems; I will fix them. 

This week, I’ve invited software engineers from SpaceX to visit the FAA as part of a fact-finding mission to better understand the issues afflicting our air traffic systems. SpaceX is America’s leading space launch company tracking thousands of satellites, and we thank these patriotic engineers for volunteering their time and expertise. 

This is just the start. Over the coming weeks and months, I will arrange similar meetings with America’s leading high-tech companies to identify our most urgent needs in air safety. Put simply, if you can help, my door is open.  

These candid conversations with the private sector are crucial because the old methods have failed. In 2012, President Barack Obama signed the ‘FAA Modernization and Reform Act’ into law, which provided $63.4 billion in FAA funding over four years, $11 billion of which was directed toward air traffic management. 

Flash forward to December 2024, when an alarming report from the Government Accountability Office stated that among the FAA’s 138 systems, 51 are unsustainable and the agency doesn’t plan to complete modernization projects for some of these systems for at least 10 years. Additionally, the FAA doesn’t yet have plans to modernize other systems in need — three of which are at least 30 years old. 

New video shows moment Delta plane crash-landed, flipped over in Toronto

This status quo is unacceptable. It’s dangerous. And it must change immediately. 

The Biden administration was asleep at the switch and handed us a mess. An investigation by the New York Times in August 2023 revealed a pattern of near-collisions between commercial airlines — with near-misses happening multiple times a week, and occurring at all major airports in the U.S. This included 503 air traffic control lapses that the F.A.A. preliminarily categorized as ‘significant’ — 65% more than in the prior year. 

The FAA is also facing critical disruptions with its Notice to Airmen (NOTAM) system, which is vital for sharing safety-critical flight information between air traffic controllers and pilots. In 2023, a complete failure of the NOTAM system caused a nationwide ground stop, causing significant flight delays. 

The systemic problems are not limited to software. Aging networks at thousands of FAA sites must be upgraded in order to avoid severe service disruptions. In the meantime, the FAA is spending millions of taxpayer dollars per month just to maintain the legacy copper wire and connections. 

That level of dysfunction might be expected in a developing nation, but in the United States, it’s intolerable. President Donald Trump has already started implementing his bold vision to rebuild our nation, and modernizing our air traffic systems will be a crucial part of that legacy.  

Despite the obvious need for reform, partisans are certain to criticize this upcoming SpaceX visit, manufacturing illusory controversy rather than welcoming progress. That cynical approach exemplifies why the situation has deteriorated year after year; assigning blame is easy, but solutions take hard work. Americans will understand the facts: upgrading our nation’s air traffic systems will mean safer skies, fewer delays and less wasted time sitting in airports or stuck on tarmacs.  

We also won’t be derailed by misleading media coverage. As part of a larger government-wide restructuring that affected every federal agency, 0.8% of the FAA’s 45,000 employees were recently laid off — and we worked to ensure that all air traffic controllers and those in the most safety-critical positions were retained. 

Nevertheless, CNN blared its clickbait headline: ‘Hundreds of FAA probationary workers fired by Trump administration, union says.’ Only in paragraph 8 did CNN admit the truth: ‘The firings did not include air traffic controllers.’ 

Pentagon investigates Black Hawk altitude in DC crash

In fact, we’ve begun boosting our recruitment of air traffic controllers. And thanks to Trump’s strong leadership, we are hiring on the basis of competence instead of ideology. As a result, we will see an immediate increase in talent, morale and retention, which will enable the most important result: safety. 

When I took the oath of office, I swore a commitment to defend our nation, and that means ensuring that our country’s skies are the safest in the world. Since the tragic events of January 30, I’ve met with grieving families and sincerely believe the best way to honor their loved ones is to urgently overhaul and upgrade our air traffic systems immediately. 

We can no longer rely on outdated code that hasn’t changed since the Clinton Administration. We must move past the bureaucratic delays and stale excuses that defined the last administration. Thankfully, Americans elected the world’s greatest problem solver, President Trump. 

This visit with SpaceX marks the beginning of a new era. Our nation needs an urgent upgrade to first-class. And it’s coming. 

Sean Duffy is the 20th U.S. Secretary of Transportation.

This post appeared first on FOX NEWS

A British journalist living in Brazil has been missing in the South American country for nearly two weeks, according to an association of foreign correspondents.

Charlotte Peet, 32, last contacted a friend in Rio de Janeiro on February 8, according to a Tuesday statement from the Association of Foreign Press Correspondents in Brazil (ACIE).

Texting over WhatsApp, Peet asked the friend for a place to stay, saying she was in São Paulo and was planning to head to Rio, the statement said.

“The friend, unable to host her, later learned from Peet’s family that they had lost contact with her,” the statement continued.

ACIE’s statement says Peet’s disappearance was reported to Brazilian police on February 17. After an initial review by the Tourist Assistance Police in Rio, the case was transferred to São Paulo’s homicide and personal protection division (DHPP), which handles missing persons cases, it added.

“ACIE and its board of directors appeal to the competent authorities to intensify the search in order to find the British journalist as soon as possible,” ACIE added.

Peet lived in Brazil as a correspondent “more two years ago,” wrote ACIE. After a brief return to the United Kingdom, she moved back to Brazil in November 2024.

Peet writes on her LinkedIn profile that she is fluent in Portuguese, and her online portfolio shows that she has freelanced in Brazil for several publications over the course of her career.

This post appeared first on cnn.com

Since Hamas’ October 7, 2023, attack, Israel has engaged in an increasingly militarized campaign that it says targets West Bank militants, employing tactics like airstrikes that were once nearly unheard of there.

The Israel Defense Forces launched a major campaign – “Operation Iron Wall” – focused on the northern West Bank last month.

That operation, Israel’s defense minister said last month, was explicitly applying the lessons of Israel’s “repeated raids in Gaza.” Israel’s war in Gaza has destroyed around 90% of housing units, according to the United Nations.

The West Bank operation has displaced at least 40,000 Palestinians in the northern West Bank from their homes, according to the United Nations.

“The Israeli military are doing this under pretext of security and fighting terrorism,” he said. It is a “purely political” operation, he alleged, to satisfy hardliners in the government of Israeli Prime Minister Benjamin Netanyahu.

In November, Israel’s far-right Finance Minister Bezalel Smotrich – who is in charge of Jewish settlements in the West Bank – ordered preparations for the annexation of the settlements, saying that US President Donald Trump’s victory “brings an important opportunity for the state of Israel.”

Palestinians want the West Bank, as well as Gaza and occupied East Jerusalem, for a future independent state. Jewish settlements there are considered illegal under international law.

Israel launched Operation Iron Wall two days after the Gaza ceasefire began, saying it was aimed at eliminating “terrorists and terror infrastructure” and at “ensuring terrorism does not return” following its completion. The Israeli military said on Tuesday that its soldiers were operating in Tulkarem to “neutralize terrorist infrastructure.” It said that its clearing operations would enable “freedom of movement within the camp area, thereby enhancing operational flexibility for forces to effectively thwart terrorism in the region.”

The Israeli military also said Tuesday it had arrested 25 people in the northern West Bank it says were suspected of “involvement in terrorist activity across the area.”

“During the activity, the troops collected findings and weapons used by the enemy,” the military added.

‘Spillover’ of Gaza war

Israel’s military operation in the West Bank that started in the Jenin refugee camp last month has since expanded to the Tulkarem, Nur Shams, and El Far’a refugee camps, according to UNRWA, the United Nations agency for Palestinian refugees.

He alleged that Israeli forces had raided houses in the middle of the night. Many properties in the Nur Shams camp had been extensively damaged, he said, and water and electricity in both camps had been cut off.

UNRWA warned that the forced displacement of Palestinian communities in the northern West Bank had been escalating at an “alarming pace.”

The agency said the West Bank had suffered 38 airstrikes this year alone, with advanced weaponry and controlled detonations becoming more commonplace, marking a “spillover of the war in Gaza.”

Palestinian Authority Prime Minister Mohammad Mustafa on Tuesday directed urgent humanitarian aid and shelter for “Palestinian people forcibly displaced” by Israeli forces in the “northern West Bank, particularly in the refugee camps of Jenin, Tulkarm, and Nur Shams” until “Israeli forces withdraw from the targeted areas.”

This post appeared first on cnn.com

World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0)  (‘World Copper’ or the ‘Company’) announces that the Company has entered into a binding letter agreement made as of February 12, 2025 (the ‘Letter Agreement’) to sell its interest in the Zonia copper project located in the Walnut Grove Mining District, Yavapai County, Arizona (‘Zonia’ or the ‘Project’) to an arm’s length third party (the ‘Purchaser’) in consideration for CAD $26.0 million cash (the ‘Purchase Price’), payable in tranches (the ‘Proposed Transaction’).

The Letter Agreement provides for a 90-day due diligence period and sets forth the proposed commercial terms for the Proposed Transaction. It is currently expected that the Proposed Transaction will be effected by way of a share purchase and sale transaction pursuant to which the Purchaser would acquire all of the issued and outstanding shares of the Company’s Arizona subsidiary, Cardero Copper (USA) Ltd. (‘Subco‘). Following completion of due diligence to the satisfaction of the Purchaser, the parties will have 15 days to enter into a definitive agreement. The payment of the Purchase Price shall be payable as to CAD $8.0 million to World Copper at closing of the Proposed Transaction (the ‘Closing‘), an additional instalment of CAD $8.0 million on or before the 15-month anniversary of Closing, and a final instalment of CAD $10.0 million on or before the 30-month anniversary of Closing, subject to the Purchaser’s right to accelerate the additional instalments. Until the payment in full of the Purchase Price, it is proposed that the shares of Subco will be held in escrow, and the Purchaser will grant World Copper a security interest over such shares and the Project. If the Purchaser fails to make any instalment payment for the Purchase Price, the shares of Subco will be returned to World Copper and the Purchaser would retain no interest in the Subco shares or the Project.

The Purchaser is a European based metals and mining investment manager with two decades of leadership in investing in and developing mining projects worldwide. Completion of the Proposed Transaction is subject to, among other things, satisfactory completion of due diligence by the Purchaser, the Purchaser obtaining financing to complete the Proposed Transaction, the parties entering into a definitive agreement which will contain customary terms and conditions for a transaction of this nature, and receipt of all necessary shareholder, board and regulatory (including TSX Venture Exchange) consents and approvals. A USD $75,000 break fee is payable by World Copper if it terminates the Letter Agreement. Finder’s fees in the amount of up to 4% will be payable in connection with the Proposed Transaction, subject to TSX Venture Exchange approval. World Copper plans to issue a comprehensive news release detailing the Proposed Transaction once further updates become available.

ABOUT World Copper Ltd.

World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the exploration and development of its copper porphyry projects: Zonia in Arizona and Escalones in Chile. Both projects have estimated resources with significant soluble copper mineralization, and they boast exciting potential to expand the resource base. The Company is dedicated to sustainable practices and leveraging technology to develop safe and productive mining operations in stable, mining-friendly jurisdictions.

Detailed information is available at World Copper’s website at https://worldcopperltd.com, and for general Company updates you may follow us on our social media pages via Facebook, Twitter & LinkedIn.

On Behalf of the Board of Directors of

World Copper Ltd.

‘Gordon Neal’

Gordon Neal
President & Chief Executive Officer

For further information, or to schedule a Zoom meeting with Management, please contact:
Gordon Neal or Michael Pound
Phone: 604-638-3287
Email: info@worldcopperltd.com

For all Investor Relations inquiries, please contact:
John Liviakis
Liviakis Financial Communications Inc.
Phone: 415-389-4670

For all Public Relations inquiries, please contact:
Nancy Thompson
Vorticom, Inc.
Office: 212-532-2208 | Mobile: 917-371-4053

Follow us:

Twitter: https://twitter.com/WorldCopperLtd
Facebook: https://www.facebook.com/WorldCopperLtd
LinkedIn: https://www.linkedin.com/company/worldcopperltd

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, ‘forward looking statements’) within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the entry into of a definitive purchase and sale agreement with the Purchaser, the completion of all conditions precedent to the Proposed Transaction, and the completion of the Proposed Transaction, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: ‘believes’, ‘expects’, ‘anticipates’, ‘intends’, ‘estimates’, ‘plans’, ‘may’, ‘should’, ‘would’, ‘will’, ‘potential’, ‘scheduled’ or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, World Copper has applied several material assumptions, including without limitation, market fundamentals will result in sustained copper demand and prices, the receipt of any necessary permits, licences and regulatory approvals in connection with the Proposed Transaction in a timely manner, the availability of financing on suitable terms for the continued operation of World Copper’s business and its ability to comply with environmental, health and safety laws.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, requirements for additional capital, actual results of exploration activities, including on the Company’s projects, the estimation or realization of mineral reserves and mineral resources, future prices of copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals (including TSX Venture Exchange acceptance of the Proposed Transaction), permits or financing or in the completion of other planned activities, risks relating to epidemics or pandemics, including impacts on the Company’s business, financial condition and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the timing and possible outcome of any pending litigation, environmental issues and liabilities, as well as the risk factors described in the Company’s annual and quarterly management’s discussion and analysis and in other filings made by the Company with Canadian securities regulatory authorities under the Company’s profile at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241479

News Provided by Newsfile via QuoteMedia

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Here’s a quick recap of the crypto landscape for Wednesday (February 19) as of 9:00 AM UTC.

Bitcoin and Ethereum price update

Bitcoin is trading at US$96,256, recording a 0.018 percent increase over 24 hours.

The day’s trading range has brought a high of US$96,666 and a low of US$93,408.

Meanwhile, Ether is priced at US$2,712.17, marking a rise of 0.436 percent over 24 hours. The cryptocurrency reached an intraday high of US$2,736.43 and a low of US$2,608.86.

Altcoin price update

  • Solana (SOL) is currently valued at US$172.20, 1.175 percent higher over 24 hours, after hitting a daily high of US$174.04 and a low of US$161.60.
  • XRP went down to US$2.59, reflecting a 0.766 percent decrease over 24 hours. The cryptocurrency reached an intraday high of US$2.63 and a low of US$2.47.
  • Sui (SUI) is trading at US$3.15, near its highest valuation of the day and a 0.639 percent increase. It achieved a daily high of US$3.20 and a low of US$2.93.
  • Finally, Cardano (ADA) is down, priced at US$0.7644, reflecting a 3.275 percent decrease over 24 hours. Its highest price on Wednesday was US$0.7953 and its lowest was US$0.7365.

Crypto news to know

FTX starts creditor repayments

FTX Digital Markets has begun repaying US$1.2 billion to creditors, marking a new step in its ongoing bankruptcy proceedings. The first round of payments prioritizes creditors with claims under US$50,000.

FTX creditor Sunil, a member of the exchange’s largest creditor group, said over 1,500 claimants will receive payments in this initial round. However, larger creditors are still awaiting further updates.

The FTX collapse in 2022 contributed to one of the harshest downturns in crypto history.

While the repayments signal progress, many large claims remain unresolved. Future repayments and creditor actions will determine the long-term effects on market liquidity and investor confidence.

SOL down over 40 percent in last month

SOL has now dropped over 40 percent in the past month, trading around the US$170 level at this writing.

The decline follows a peak of nearly US$290 on January 19, according to Coinbase data.

Aran Hawker, CEO of CoinPanel, described the situation to Forbes as a “perfect storm” caused by multiple bearish factors, including waning meme coin interest, a sharp drop in on-chain activity and declining investor confidence.

Another major factor pressuring SOL is the upcoming March 1 token unlock, which will release 11.16 million tokens into circulation. Institutional investors have reportedly shifted holdings from SOL to ETH in anticipation of this event.

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

A top European Union official is warning President Donald Trump against letting Russian President Vladimir Putin succeed in dividing a decades-old alliance between the U.S. and Europe as Trump seeks to bring an end to the war in Ukraine. 

‘It is clear that any deal on Ukraine that doesn’t involve Europe will fail,’ EU policy chief Kaja Kallas told Fox News Digital from South Africa. ‘Europe and the U.S. are stronger together, this is exactly why Putin is trying to divide us. 

‘Let’s not do him the favor,’ she added. 

Kallas’ comments came after she held a call with Secretary of State Marco Rubio and the foreign ministers of France, the U.K., Italy and Germany on Tuesday night to discuss the U.S. talks with Russian in Saudi Arabia, in which Washington agreed to re-establish diplomatic ties with Moscow through reopening embassies and re-engaging geopolitically and economically.  

Concern in Europe has been mounting over the Trump administration’s push to find a solution to end the war in Ukraine, as neither Kyiv nor any European official has yet been present for the discussions. 

‘When they say ‘these are our plans for the end of the war,’ it raises questions for us,’ Ukrainian President Volodymyr Zelenskyy told reporters from Turkey on Wednesday following a meeting with Turkish President Recep Erdoğan. ‘Where are we at this negotiating table? This war is taking place inside Ukraine. Putin is killing Ukrainians, not Americans.’

‘We want a just peace, a lasting peace, a sustainable peace,’ he added.

While Rubio looked to set the record straight following the talks on Tuesday by agreeing that Ukraine, Europe and Russia will need to be involved in any ceasefire terms, some comments by Trump have prompted frustration in Kyiv and concern across Europe.

‘We need American strength not concessions to end this war on Ukraine’s terms,’ Kallas told Fox News Digital. ‘Handing Ukrainian territory to Putin on a plate is a losing strategy.’

Kallas, along with other European leaders, took issue this week when Trump said Ukraine needs to hold presidential elections – something that Ukraine constitutionally cannot do during a state of war.

‘Elections in Ukraine are impossible amid Russia’s daily attacks, which have displaced millions of Ukrainians,’ Kallas said. ‘Let’s not forget Russia hasn’t held a free election in 25 years.’

Kallas, who told Fox News Digital that she has submitted a proposal that would see EU nations ramp up military aid to Ukraine this year, argued, ‘Kyiv must be able to negotiate from a place of strength.’

Reports indicated that European leaders were set to hold a second emergency summit on Ukraine in Paris on Wednesday after a smaller group of leaders from France, Germany, Italy, Spain, Poland, Denmark and the U.K. reportedly convened on Monday following the Munich Security Conference.

Despite concerns that Putin could be dividing the West, one former DIA intelligence officer and author of ‘Putin’s Playbook,’ Rebekah Koffler, argued the Trump administration’s strategy on ending the war is not an indication the U.S. is abandoning its allies.

‘The U.S. is not turning against Europe,’ she said. ‘NATO had 10 years, a decade to prepare for and deter this war.’

‘In the course of several years, my colleagues and I briefed senior military and intelligence officials of top European nations on the Russian threat. In vain,’ Koffler said, noting that she and her American intelligence colleagues warned European nations in 2013 ahead of Russia’s invasion of Crimea in 2014. ‘NATO ignored the threat for a decade and did not bother to develop a counter-strategy to Putin’s Playbook.

‘Trump is handing over the responsibility for Europe’s protection to the Europeans,’ she added, noting the West was already divided given some NATO nations’ failures to meet defense spending agreements. 

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President Donald Trump’s second term in office presents a historic chance to reverse the Biden administration’s failed Iran policies and prevent Tehran from developing nuclear weapons, a new report from the Foundation for the Defense of Democracies (FDD) argues.

The report, titled ‘Detecting and Halting an Iranian Weaponization Effort,’ argues that the president should immediately muster the full weight of the U.S. national security establishment to confront this urgent threat.

‘The president made the right call in re-imposing maximum pressure. Now, he needs to ensure Iran can’t dash to nuclear weapons, drawing on the short timeline and technical know-how it possesses,’ Andrea Stricker, author of the FDD report, told Fox News Digital.

‘A nuclear-armed Iran would fundamentally upend security in the region and hinder the ability of the United States, Israel, and their partners to counter Tehran’s aggression out of fear of nuclear escalation,’ she said.

Srickler believes President Trump absolutely cannot tolerate a nuclear-armed Iran and must use all instruments of American power to stop this.

The FDD report recommends that the administration and allies should re-establish the threat of credible military force to deter Iran from breaking the nuclear threshold and, along with Israel, be prepared to target Iranian nuclear sites.

‘The United States or Israel should demonstrate their ability to eliminate any detected Iranian weaponization facilities and activities.’

U.S. intelligence learned recently that a secret team of Iranian scientists are working on a short-cut to the country’s path to develop a nuclear weapon. The revelations come as Iran’s position in the region has significantly weakened as Tehran became embroiled in conflict with Israel after Oct. 7. 

Then-President Joe Biden allowed Tehran’s nuclear program to progress largely unimpeded, the report said, and Iran now likely has the capability and know-how to produce nuclear weapons. Although Iran may lack confidence in the functionality of certain components, it may be able to detonate a crude nuclear device within six months from starting. 

‘An advancing Iranian weaponization capability, matched with Tehran’s enrichment of uranium to near-weapons-grade, limits the window of time in which the United States and its allies could intervene to stop an Iranian dash to nuclear weapons, known as a breakout,’ the report notes.

In a sign of the administration’s toughening position on Iran, Trump signed a memorandum reimposing the ‘maximum pressure’ policy, a hallmark of his first term administration’s crippling sanctions on Tehran.

It is ‘in the national interest to impose maximum pressure on the Iranian regime to end its nuclear threat, curtail its ballistic missile program, and stop its support for terrorist groups,’ the president’s executive order read.

Trump withdrew from the Joint Comprehensive Plan of Action, also known as the Iran nuclear deal, during his first term in 2018 and reapplied harsh economic sanctions. The Biden administration had initially looked at re-engaging with Iran on the nuclear issue upon taking office, but on-again-off-again talks went nowhere, complicated by Iran’s domestic politics and Iran’s role in supporting its terror groups in the region. 

Stricker says the clerical regime has an additional incentive to seek nuclear weapons to secure its hold on power with a more confrontational administration in Washington. It could also sprint for the bomb to bolster its offensive and defensive capabilities to deter further Israeli strikes against the regime itself, she warned.

In addition to the military threat, the report recommends the U.S. and Israel should cooperate on intelligence-related operations to detect and disrupt Iranian weaponization. It also suggests that the U.S. and Israel should work toward identifying key Iranian officials and nuclear scientists and to cultivate them as human intelligence sources. 

It additionally encourages the U.S. and other nations to urgently mobilize the International Atomic Energy Agency to strengthen inspections of weaponization activities in Iran.

A November 2024 report from the Office of the Director of National Intelligence said that Iran has enough fissile material to produce over a dozen nuclear weapons if it continues to enrich uranium. 

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