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

United States Subsidiary

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

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

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

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

OTCQB Listing

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

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

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

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

DTC Eligibility

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

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

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

About Allied Critical Metals Inc.

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

Please visit our website at www.alliedcritical.com.

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

ON BEHALF OF THE BOARD OF DIRECTORS

Per: ‘Roy Bonnell’

Roy Bonnell
Chief Executive Officer and Director

Contact Information

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

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

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

Cautionary Statement Regarding Forward-Looking Information

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

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

News Provided by Newsfile via QuoteMedia

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

 

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

 

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

 

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

 

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

 

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

 

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

 

  About RV-01  

 

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

 

  About Radiopharm Theranostics  

 

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

 

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

 

  For more information:  

 

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

 

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

 

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

 

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

 

   

 

 

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

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

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

Bitcoin and Ethereum price update

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

Bitcoin price performance, July 23, 2025.

Chart via TradingView.

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

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

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

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

Altcoin price update

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

Today’s crypto news to know

PNC Bank and Coinbase partner to advance digital asset solutions

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

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

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

Goldman Sachs and BNY to launch tokenized money market funds

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

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

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

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

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

SEC halts Bitwise crypto index ETF conversion for review

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

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

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

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

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

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

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

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

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

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

South Korea warns fund managers to reduce exposure to crypto stocks

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

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

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

PayPal unveils cross-border wallet platform

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

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

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

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

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

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

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

This post appeared first on investingnews.com

President Donald Trump’s approach with Russian President Vladimir Putin pivoted drastically this month when, for the first time since returning to the White House, he not only confirmed his support for Ukraine in a NATO arms agreement but issued an ultimatum to the Kremlin chief.

The warning came in a clear message: Enter into a peace deal with Ukraine or face stiff international sanctions on its top commodity, oil sales.

While the move has been championed by some, it has been questioned by others who debate whether it will be enough to deter Putin’s war ambitions in Ukraine. One security expert is arguing the plan will work, but it might take years to be effective.

‘I think it will be effective, and he’s going to stick to that strategy. He’s going to continue to push Putin to return to the bargaining table and negotiate in good faith, not come to the bargaining table, make promises that the Russians don’t plan on keeping,’ Fred Fleitz, who served as a deputy assistant to Trump and chief of staff of the National Security Council during the president’s first term, told Fox News Digital.

‘That’s something Trump’s not going to tolerate,’ Fleitz added. ‘We will see this is just the first six months of the Trump presidency. This may take a couple of years to solve.’

But Trump campaigned on ending the wars in Ukraine and Gaza, which has proven to be more complicated than he suggested from the campaign trail. And not everyone in the Republican Party has backed his approach when it comes to Europe, including a staunch Trump supporter, Rep. Marjorie Taylor Greene.

‘We do not want to give or sell weapons to Ukraine or be involved in any foreign wars or continue the never-ending flow of foreign aid,’ Greene said on X. ‘We want to solve our own problems plaguing our own people.’ 

Fleitz pointed to Trump’s decision to directly strike Iran and argued it reflected Trump’s ability to be nimble as a leader. 

‘He looked at the intelligence and realized it was getting too close, and he decided to adjust his policy, which was first diplomacy,’ Fleitz said.

‘But Trump also specified something very important. He said to his supporters, ‘I came up with a concept of the America-first approach to U.S. national security, and I decide what’s in it,’ Fleitz added. ‘He has ownership of this approach, and he will adjust if necessary.’

Though Trump had made clear from the campaign trail that he wanted to see Europe take a leading role in the war in Ukraine, last week he countered a major talking point from some within his party, including Vice President JD Vance.

Vance has argued against arming Ukraine and said in an op-ed last year, ‘[It] is not just a matter of dollars. Fundamentally, we lack the capacity to manufacture the amount of weapons Ukraine needs us to supply to win the war.’

Trump agreed to sell NATO nations top U.S. arms that will then be supplied to Ukraine.

‘We want to defend our country. But, ultimately, having a strong Europe is a very good thing,’ Trump said, sitting alongside NATO Secretary General Mark Rutte.

Security experts have largely argued that the future of Ukraine’s negotiating ability and, ultimately, the end of the war, will play out on the battlefield. 

On Thursday, John Hardie, deputy director of FDD’s Russia Program, told U.S. lawmakers on the Helsinki Commission, also known as the Commission on Security and Cooperation in Europe, in a defense briefing that Ukraine needs to be supplied with long-range strike capabilities that can hit key Russian missile and drone plants.

‘Ukraine shouldn’t be restricted merely to shooting down ‘arrows’,’ Hardie said. ‘An optimal approach will combine both offense and defense. Ukraine needs to be able to hit the ‘archer’ and the factories that make the ‘arrows.’

‘Putin will continue his unprovoked war so long as he believes it’s sustainable and offers a pathway to achieving his goals,’ Hardie argued. ‘By shoring up Ukraine’s defense of its skies and enabling Ukraine to inflict growing costs on Russia’s war machine, as well as pressuring the Russian economy and exhausting Russia’s offensive potential on the ground, we may be able to change that calculus.’

But Fleitz, who serves as vice chair of the America First Policy Institute’s Center for American Security, said he believes this war will only be brought to an end when an armistice agreement is secured. 

‘I think there’s probably going to be an armistice where both sides will agree to suspend the fighting,’ Fleitz said. ‘Someday, we will find a line where both nations will agree to stop fighting.’

Ultimately, he believes this will happen by Ukraine agreeing not to join NATO for a certain period of time, though with Moscow’s understanding that Kyiv will be heavily armed by Western allies. 

‘I think there’s a way to do this where Russia wouldn’t be concerned about growing Western European influence in Ukraine, and Ukraine would not be worried that Russia will invade once a ceasefire or armistice is declared,’ he added. ‘Maybe this is a pipe dream, but I think that’s the most realistic way to stop the fighting.

‘We know from history conflicts like this take time; peacemaking takes time,’ Fleitz said. ‘I think that over time, Trump is going to have an effect on Putin.’

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Secretary of State Marco Rubio is hammering Venezuelan dictator Nicolás Maduro on Sunday as the South American country holds municipal elections to fill hundreds of mayoral positions and thousands of council seats.

The municipal contests are happening one day before the one-year anniversary of Venezuela’s presidential election, which was widely condemned by the United States and other international observers as illegitimate. The Trump administration, meanwhile, has been escalating pressure against Maduro in recent days, as Treasury Secretary Scott Bessent on Friday accused the foreign head of state of being the leader of an entity aiding terrorism against the U.S. 

‘One year since dictator Nicolás Maduro defied the will of the Venezuelan people by baselessly declaring himself the winner, the United States remains firm in its unwavering support to Venezuela’s restoration of democratic order and justice,’ Rubio said in a statement on Sunday. ‘Maduro is not the President of Venezuela and his regime is not the legitimate government.’

‘Maduro is the leader of the designated narco-terrorist organization Cartel de Los Soles, and he is responsible for trafficking drugs into the United States and Europe,’ Rubio continued. ‘Maduro, currently indicted by our nation, has corrupted Venezuela’s institutions to assist the cartel’s criminal narco-trafficking scheme into the United States.’

The Justice Department charged Maduro and 14 other former and current Venezuelan officials with narco-terrorism, corruption, drug trafficking and other criminal charges in March 2020. At the start of this year, 10 days before President Donald Trump returned to office, the State Department increased its reward for information leading to Maduro’s capture from $15 million to up to $25 million. 

‘For years, Maduro and his cronies have manipulated Venezuela’s electoral system to maintain their illegitimate grip on power,’ Rubio added on Sunday. ‘By scheduling the municipal elections on the eve of the anniversary of the stolen July 28 presidential election, the regime once again aims to deploy the military and police to suppress the will of the Venezuelan people.’

‘The United States will continue working with our partners to hold accountable the corrupt, criminal and illegitimate Maduro regime. Those who steal elections and use force to grasp power undermine America’s national security interests,’ Rubio said. 

Maduro became the Venezuelan president in 2013, but the U.S. has not recognized his presidency since 2019. The U.S. and other countries have refused to recognize Maduro as the winner of the July 2024 Venezuelan election, citing widespread fraud. 

The Treasury Department on Friday sanctioned the Cartel de los Soles, also known as Cartel of the Suns, as a ‘Specially Designated Global Terrorist.’ The U.S. alleges that Cartel de los Soles is headed by Maduro and other Venezuelan high-ranking individuals in his regime ‘who corrupted the institutions of government in Venezuela, including parts of the military, intelligence apparatus, legislature, and the judiciary, to assist the cartel’s endeavors of trafficking narcotics into the United States.’ 

The U.S. claims the Venezuela-based group provides material support to Tren de Aragua and the Sinaloa Cartel. The Trump administration classified Tren de Aragua and the Sinaloa Cartel as foreign terrorist organizations in February. 

According to the Treasury Department, the name Cartel de los Soles is derived from the sun insignias often portrayed on the uniforms of Venezuelan military officials. 

The cartel ‘supports Tren de Aragua in carrying out its objective of using the flood of illegal narcotics as a weapon against the United States,’ according to the Treasury Department. 

Bessent said on Friday that the new action ‘exposes the illegitimate Maduro regime’s facilitation of narco-terrorism through terrorist groups like Cartel de los Soles.’

‘The Treasury Department will continue to execute on President Trump’s pledge to put America First by cracking down on violent organizations including Tren de Aragua, the Sinaloa Cartel, and their facilitators, like Cartel de los Soles,’ he added. 

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Sen. Elissa Slotkin, D-Mich., believes it’s ‘weird’ that the Trump administration has not released documents related to Jeffrey Epstein, but at one point, it was the last thing on her mind.

Democrats have searched for an opening to sharpen their messaging against Republicans, and have pounced on the administration and their colleagues across the aisle to release the documents. But Republicans have questioned why their counterparts didn’t have the same energy when former President Joe Biden was in office.

In a recent interview on PBS’ ‘Firing Line,’ Slotkin, who has emerged as a leading voice in the Democratic Party, said that while she did not know what was in the documents, it was odd that President Donald Trump and his administration had not released them.

‘The president and his allies have created so much anticipation about these files at this point, it’s just weird that they’re not releasing them, right? The president fomented this,’ she said.

But nearly five years ago, ahead of Biden’s eventual victory and a Democratic trifecta in Washington, the issue of Epstein was not a priority for the lawmaker, who at the time was in her first term in the House.

In a video from 2020 obtained by Fox News Digital, Slotkin said that diving into the connections between former President Bill Clinton and Epstein were not ‘front of mind.’

The sentiment came in response to a question about why there had been little mention of allegations that Clinton was in the trove of documents related to Epstein. She argued that there were more pressing issues at the time, like the ongoing COVID-19 pandemic and the economic fallout spurred by it.

‘In the face of those problems, I will be honest, I don’t spend a ton of time looking into connections between Bill Clinton and other people, because that doesn’t help my constituents every single day, right? And my job is to focus on those issues,’ she said.

‘I have no special knowledge of those issues, but my job is to focus on the things that affect people’s pocketbooks and their kids, and if I’m not making positive progress towards that, I’m not doing my job,’ she continued. ‘And so, I can’t answer your question, because that’s not where I live and where I focus.’

Fox News Digital reached out to Slotkin for comment for this report but did not hear back.

Congressional Democrats, and some Republicans, have pushed for more transparency from the Trump administration on the release of a trove of documents, known as the so-called Epstein files, in a saga that has engulfed Capitol Hill for much of July.

The furor in Congress stemmed from a Justice Department memo released earlier this month that declared the Epstein case closed, and has not lost steam in the time since.

Epstein intrigue paralyzed the House, causing House Speaker Mike Johnson, R-La., to send lawmakers home early as a bipartisan swell grew to uncover the documents. 

The Senate has been less chaotic. Still, Senate Democrats have ramped up their messaging against the administration, while many Senate Republicans would prefer to focus their attention elsewhere. 

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Palantir has hit another major milestone in its meteoric stock rise. It’s now one of the 20 most valuable U.S. companies.

The provider of software and data analytics technology to defense agencies saw its stock rise about 3% on Friday to another record, lifting the company’s market cap to $375 billion, which puts it ahead of Home Depot and Procter & Gamble. The company’s market value was already higher than Bank of America and Coca-Cola.

Palantir has more than doubled in value this year as investors ramp up bets on the company’s artificial intelligence business and closer ties to the U.S. government. Since its founding in 2003 by Peter Thiel, CEO Alex Karp and others, the company has steadily accrued a growing list of customers.

Revenue in Palantir’s U.S. government business increased 45% to $373 million in its most recent quarter, while total sales rose 39% to $884 million. The company next reports results on Aug. 4.

Earlier this year, Palantir soared ahead of Salesforce, IBM and Cisco into the top 10 U.S. tech companies by market cap.

Buying the stock at these levels requires investors to pay hefty multiples. Palantir currently trades for 273 times forward earnings, according to FactSet. The only other company in the top 20 with a triple-digit ratio is Tesla at 175.

With $3.1 billion in total revenue over the past year, Palantir is a fraction the size of the next smallest company by sales among the top 20 by market cap. Mastercard, which is valued at $518 billion, is closest with sales over the past four quarters of roughly $29 billion.

This post appeared first on NBC NEWS

Here are some charts that reflect our areas of focus this week at


XLU Leads with New High

Even though the Utilities SPDR (XLU) cannot keep pace with the Technology SPDR (XLK) and Communication Services SPDR (XLC), it is in a leading uptrend. XLU formed a cup-with-handle from November to July and broke to new highs the last two weeks. ETFs hitting new highs are in strong uptrends and should be on our radar.


Metal Mania in 2025

In a tribute to Ozzy, metals are leading the way higher in 2025. The PerfChart below shows year-to-date performance for the continuous futures for 12 commodities. Copper, Platinum and Palladium are up more than 45% year-to-date, while Gold is up 28.38% and Silver is up 35.30%. QQQ is up 10.52% year-to-date, but lagging these metals. The other commodities are mixed.


Multi-Year Highs for Silver and Copper

The next chart shows 11 year bar charts for five metals. Gold broke out in early 2024 and led the metals move with an advance the last 21 months. Silver and copper broke out to multi-year highs. Platinum broke above its 2021 high and Palladium got in the action with an 18 month high. There is a clear message here: metals are moving higher and leading as a group.  


Home Construction Hits Moment of Truth

The Home Construction ETF (ITB) hit its moment of truth as it rose to its falling 40-week SMA. Notice that ITB failed just below this moving average in August 2023. During the 2023-2024 uptrend, the 40-week SMA was more friendly as ITB reversed near this level in October 2023 and June 2024. ITB surged to the falling 40-week SMA in July, but the long-term trend is down and this area could be its nemesis.

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Former House Speaker Nancy Pelosi, D-Calif., exuded confidence as she declared to Gen Z activists at the Voters of Tomorrow summit that the Democrats would take back the House in 2026.

‘We have no doubt that we will win the election with the House of Representatives,’ Pelosi said, eliciting applause from the crowd. She then responded to the cheers by once again saying ‘No doubt.’

The longtime California lawmaker also said she was confident that House Minority Leader Hakeem Jeffries, D-N.Y., would be speaker of the House after the 2026 midterms.

While Pelosi was confident about the Democrats’ chances, she also emphasized the need for preparation. The former House speaker credited early preparation for the Democrats’ victories in 2006 and 2018 to early preparation, saying that 2026 could be the same. 

‘It’s important to be strong in the year in advance, because that’s when the troops line up. We have our messaging, we have our mobilization, we need the money to do it, but they go only next to a school to hold up the most important part: the candidate,’ she said.

However, Pelosi sees another element as being key to Democrats’ victory: bringing down President Donald Trump’s approval rating. The former House speaker called Trump’s current numbers ‘terrible.’

‘By October — certainly by November, but by October, we will have — with the help of so many people working — we’ll have taken what’s his name’s numbers down,’ Pelosi said.

A recent Fox News Poll found that 46% of voters approve of Trump’s performance, while 54% disapprove. That’s exactly where things stood last month, and better than at this point 8 years ago when 41% approved.

The Voters of Tomorrow summit boasts a lineup of high-profile speakers alongside Pelosi, including former Vice President Kamala Harris, Rep. Ro Khanna, D-Calif., Rep. Jamie Raskin, D-Md., and David Hogg. Both Harris and Raskin are set to address the group virtually.

Fox News’ Dana Blanton and Victoria Balara contributed to this report.

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A House GOP lawmaker is entering the race to become South Carolina governor on Friday, his campaign confirmed to Fox News Digital.

Rep. Ralph Norman, R-S.C., a member of the conservative House Freedom Caucus, is expected to kick off his campaign with an event in Rock Hill, South Carolina, on Friday.

As of Friday morning, his non-congressional X account had been changed to say, ‘Ralph Norman for Governor.’

He’s a fiscal hawk on the House GOP’s rightmost flank, where he’s joined other like-minded colleagues in upending leaders’ legislative agenda at times in the name of pushing for more conservative policy wins.

Norman is joining a crowded Republican primary field with his new gubernatorial bid. South Carolina Attorney General Alan Wilson, Lt. Gov. Pamela Evette and state Sen. Josh Kimbrell are also in the race.

Meanwhile, Norman’s House colleague, Rep. Nancy Mace, R-S.C., is also said to be considering a campaign for governor.

‘We wish Congressman Ralph Norman the best of luck today as he announces his run for Governor,’ Mace said in a statement on X.

Norman previously ran the Warren Norman Company, a commercial real estate development business started by his father.

Before being elected to Congress via special election in 2017, Norman served in the South Carolina state House from 2009 to 2017.

A longtime ally of former South Carolina Gov. Nikki Haley, Norman was the only House Republican to formally endorse her before Haley dropped out of the race, after which Norman emphatically backed President Donald Trump.

He told Fox News Digital of his endorsement in January 2024, ‘When I supported Nikki Haley, I had the respect of Donald Trump to call him, and I told him what I was gonna do, and I decided I was going to do it.’

Norman has been a vocal supporter of Trump since Haley’s exit. He was most recently at the White House earlier this week with other House Republicans for a reception celebrating their legislative successes.

Earlier this year, he was part of a group of conservatives in the House Freedom Caucus forcing last-minute changes to the president’s ‘big, beautiful bill’ that they said fell more in line with what Trump actually wanted.

Current South Carolina Gov. Henry McMaster, also a close Trump ally, is term-limited at the end of 2026.

The president’s endorsement will likely play a decisive role in the Palmetto State’s GOP primary.

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