Business Rundown: President Trump Scores Win In U.S.-Canada Trade Talks
By Sunday night, Canada had changed their tune. Their Prime Minister agreed to axe the tax on Big Tech and trade talks have resumed.
FOX Business correspondent Gerri Willis speaks with founder of the Capitalist Pig hedge fund Jonathan Hoenig about this trade victory for America and its impact on the global markets.
Photo Credit: AP
Learn more about your ad choices. Visit podcastchoices.com/adchoices
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Cybeats Amends Conversion Price of Convertible Debentures
Toronto, Ontario--(Newsfile Corp. - August 1, 2025) - Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) ("Cybeats" or the "Company"), a leading provider of software supply-chain security, announces a conversion price amendment to the $1.825 million principal amount of convertible debentures that were issued on January 25, 2024 (the "Convertible Debentures"). The Company has received written approval for the amendment from holders of 66 2/3% of the principal amount owing under the Convertible Debentures as required by the certificates governing the Convertible Debentures. As the Company seeks to enter a period of commercial expansion, it wishes to reduce the principal amount owing under the Convertible Debentures which are due to be paid on January 25, 2026. The conversion price for the convertible debentures has been repriced to $0.10 per common share which was previously at $0.30 per common share. As part of the repricing amendment, each holder of Convertible Debentures shall have thirty (30) days to convert the Convertible Debentures following written notice to the holders if during the term the common shares of the Company close above $0.125 per share on each trading day for a period of ten (10) consecutive trading days (the "Acceleration Period"). If the Holder does not elect to convert during the Acceleration Period, then the conversion price shall be reverted back to $0.30. About Cybeats Technologies Corp. Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) is a cybersecurity company providing Software Bill of Material (SBOM) management and software supply chain intelligence technology, helping organizations to manage risk, meet compliance requirements, and secure their software from procurement to development and operation. Cybeats platform gives customers comprehensive visibility and transparency into their software supply chain, enabling them to improve operational efficiency, increase revenue, and align organizations with current and future regulations. Cybeats. Software Made Certain. Website: Contact:Justin Leger, CEOPhone: 1-888-713-SBOM (7266)Email: ir@ Sean Peasgood, Investor RelationsPhone: (905) 667-6761Email: Sean@ Forward-looking Information Cautionary Statement Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE, and other risks as described in the Company's filings available on the Company's SEDAR+ profile at There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Company filings are available under the Company's SEDAR+ profile at No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. To view the source version of this press release, please visit Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
26 minutes ago
- Yahoo
Broken Promise: Rate Hikes Guaranteed, Coverage Expansion Dubious, After Lara's Secretive Model Reviews, says Consumer Watchdog
LOS ANGELES, Aug. 1, 2025 /PRNewswire/ -- Insurance Commissioner Ricardo Lara is breaking his promise to Californians by guaranteeing rate hikes without guaranteeing more coverage, said Consumer Watchdog today, following his approval of another black-box wildfire model for use in pricing home insurance. The confidential closed-door review of a model owned by insurance ratings agency Moody's, and two others over the last week, confirmed that modeling companies will not have to provide regulators or the public access to their models. The models' inner workings remain secret, denying regulators and the public the ability to test the validity of the rate hikes they will now drive. Switch Auto Insurance and Save Today! Great Rates and Award-Winning Service The Insurance Savings You Expect Affordable Auto Insurance, Customized for You Lara's actions implement part of his deal with the insurance industry allowing them to use secret models to raise rates without public justification of the reasons for those increases. In return, Lara promised Californians he would expand access to home insurance in wildfire areas. However, the rules implementing that promise give insurance companies multiple ways to avoid selling more policies to those who have lost coverage. "Lara made a deal with the industry: let them raise rates with secret models, and in return, they'd offer more coverage in wildfire zones," said Carmen Balber, executive director of Consumer Watchdog. "Today's action fulfills the industry's wish list. But for consumers, the promised coverage has vanished into a maze of loopholes and delays. Nothing in the rules guarantees new sales to those who were non-renewed and dumped on the FAIR Plan." "Today's announcement is just more public relations cover for a strategy that is a direct assault on the transparency that Californians rely on to hold insurance companies accountable," said Will Pletcher, Litigation Director at Consumer Watchdog. Secret Models Guarantee Rate Hikes: The Department's review of the Moody's and Verisk wildfire catastrophe models — algorithmic pricing models insurance companies will now be allowed to use to increase rates in future rate filings—was conducted through a secretive, closed-door process known as PRID (Pre-Application Required Information Determination). While Commissioner Lara claims the review was open to the public, PRID lacks the procedural safeguards, transparency, and public access required under Proposition 103. The commissioner's action will replace the current use of transparent data about wildfire claims to set prices with the unverified predictions of these algorithmic pricing models. "You can't claim public participation while locking the public out of the data and deliberations that will now determine billions in future premiums," said Pletcher. "This is the antithesis of Proposition 103, which requires insurance companies to justify rate hikes in full view of the public." No Guarantee of More Insurance Sales to Consumers: The Insurance Commissioner has widely claimed that insurance companies will have to cover more homeowners in exchange for the right to raise rates with these models' secret algorithms. However, the text of the regulation contains no such guarantee. As Consumer Watchdog has documented, the rule is riddled with loopholes allowing insurance companies to opt for token compliance rather than meaningful expansion. The regulation says insurance companies may commit to selling a number of policies in wildfire areas equal to 85% of their market share in less-risky areas. But it also allows insurance companies to instead say they will increase coverage in fire areas by just 5 percent. Companies may also opt for a third, undefined, "alternative commitment." The loopholes are explained in this KGO-TV story. Insurance companies then do not have to report they've met their commitments until two years after their rate hikes take effect. If after two years they have not sold more policies as promised, the regulation allows insurers to change their commitments. And there are no mandated penalties if a company fails. Ultimately, insurers may never be held responsible for increasing sales to Californians, said Consumer Watchdog. Moody's and Verisk's significant financial conflicts of interest have also been ignored. The largest shareholder of insurance rating agency Moody's RMS is Berkshire Hathaway, through the Warren Buffett-owned insurance companies National Indemnity Co. and GEICO. Wall Street financial services companies The Vanguard Group and BlackRock Inc., which manage hundreds of billions in assets for insurance clients, are the second and third largest shareholders of Moody's. Vanguard and BlackRockare the largest shareholders of Verisk. These shareholders benefit financially if models push rates too high, and this conflict creates powerful financial incentives to use the models' undisclosed algorithms to artificially inflate insurance rates, said Consumer Watchdog. Meanwhile, private insurers continue to drive more and more Californians onto the FAIR Plan—which now covers nearly 600,000 policyholders statewide. Without enforceable requirements and stronger accountability, Lara's strategy won't deliver real coverage—it will entrench an overpriced, under–serving system where consumers lose and insurers win. View original content to download multimedia: SOURCE Consumer Watchdog Sign in to access your portfolio
Yahoo
26 minutes ago
- Yahoo
Rentokil Initial PLC (RKLIF) (Q2 2025) Earnings Call Highlights: Revenue Growth and Strategic ...
Release Date: July 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Rentokil Initial PLC (RKLIF) reported a 3.1% increase in group revenue to $3.36 billion, with organic growth of 1.6%. The company achieved a healthy cash flow conversion rate of 93%, surpassing their guidance of 80%. The international region showed strong performance with a 5.1% increase in revenue and 2.7% organic growth. The company has successfully expanded its satellite branches from 36 to 100, with plans to reach 150 by year-end. The door-to-door sales pilot has generated approximately $12 million in annualized sales, showing promising early results. Negative Points The group adjusted operating margin decreased by 120 basis points to 15.2%, reflecting cost pressures. North America's adjusted operating profit fell by 7.3%, with cost inflation and lower volumes impacting margins. The termite warranty claims provision increased from $236 million to $276 million due to higher costs of complex claims. The hygiene and well-being segment experienced slower growth, with organic growth at only 0.4% in Q2. There is a challenge in growing the contract portfolio, with a slight decline in contract revenue by 0.2% year-on-year. Q & A Highlights Warning! GuruFocus has detected 5 Warning Signs with RKLIF. Q: Can you discuss the recent increase in the termite provision and how future changes might affect it? Also, what are your expectations for claims in the second half of the year? A: The termite provision was increased due to a 9% rise in the cost of settling non-litigated claims. This provision is sensitive to recent experiences, so it could change in the future. Our cash outflow related to the provision is as expected, and while the provision can be volatile, we are focused on managing it effectively. As for claims, we don't expect significant changes in trends for the second half of the year. (Unidentified_3) Q: Can you provide insights into the split between digital and non-digital leads and the slowdown in one-off jobs? A: We don't disclose the exact split between digital and non-digital leads due to competitive reasons. However, we have been shifting our spend from paid search to organic channels and broader marketing efforts. The slowdown in one-off jobs is variable and not a major concern as our focus is on improving contract sign-ups, which provide recurring revenue. (Unidentified_7) Q: How confident are you that the increase in inbound lead flow is due to your marketing efforts rather than favorable weather conditions? A: While weather can impact insect activity, we are confident that our marketing efforts are yielding results. We have seen positive trends in lead flow, and while we can't attribute it solely to our actions, we are encouraged by the outcomes. (Unidentified_7) Q: Could you elaborate on the predictive churn model and its effectiveness? A: The predictive churn model uses AI to analyze various data points like customer satisfaction, complaints, and payment patterns to identify customers at risk of leaving. We've tested it with past data and found it to be surprisingly accurate. The challenge now is to operationalize this data to improve customer retention. (Unidentified_7) Q: Regarding the door-to-door sales pilot, are you planning a full-scale deployment next year? A: The door-to-door sales model has shown promising results, and we are considering a significant scale-up from the current 23 branches. The program will likely expand, but the exact scope and regions will be determined later this year. (Unidentified_7) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
