Boeing to Replace CFO Brian West With Former Lockheed Finance Chief
West is leaving in mid-August and will be succeeded by former Lockheed Martin Corp. executive Jesus 'Jay' Malave. West will remain an adviser to Chief Executive Officer Kelly Ortberg, Boeing said in a statement on Monday.
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Yahoo
a minute ago
- Yahoo
Old Trump speech falsely linked to South Korea trade deal
Social media posts have recirculated an old video of US President Donald Trump and falsely presented it as depicting him calling South Korean leader Lee Jae Myung a "bad negotiator" after their countries agreed a trade deal. The clip in fact shows Trump criticising then president Barack Obama as he launched his presidential campaign in June 2015. "Trump mocks Lee Jae Myung as a bad negotiator," reads a Korean-language post featuring the clip on Naver Band, a South Korean forum, on July 31, 2025. "[Trump] mocked Lee as soon as the tariff negotiations finished. [Lee] has become a total pushover," it continues. The video shows Trump saying, "The people negotiating don't have a clue. Our president doesn't have a clue. He's a bad negotiator." But its Korean subtitles mistranslate "our president" as "their president". The clip was also shared in similar posts on multiple right-wing South Korean circles on Facebook, as well as on YouTube. "The way that fool Lee acted as he did, no wonder he is being mocked," read a comment on one of the posts. Another said: "An international embarrassment to be used like that, then mocked by the US president." Under the trade deal, the United States will impose a 15 percent tariff on South Korean imports -- down from the previously threatened 25 percent -- in exchange for $350 billion in South Korean investments in US industries and $100 billion in energy purchases (archived link). A keyword search on Google found the clip corresponds to a part of a speech Trump gave on June 16, 2015, when he announced his bid for the presidency (archived link). At around the 18:50 mark of the speech posted in full by CSPAN, Trump makes the comment: "The people negotiating don't have a clue. Our president doesn't have a clue. He's a bad negotiator." This was part of a broader tirade against the Obama administration's trade and foreign policies. Trump then references a prisoner swap involving US soldier Bowe Bergdahl to illustrate his criticism of Obama's negotiating skills. Bergdahl was a US Army sergeant who was captured by the Taliban in 2009 after walking off his post in Afghanistan and was released in 2014 in exchange for five Taliban detainees held at Guantanamo Bay (archived link). "We get Bergdahl. We get a traitor. We get a no-good traitor, and they get the five people that they wanted for years, and those people are now back on the battlefield trying to kill us. That's the negotiator we have," Trump said. A full transcript of the speech published by Time magazine also shows Trump was referring to Obama (archived link). Nowhere in the video or transcript does Trump mention South Korea or Lee Jae Myung. AFP has previously debunked similar instances of Trump remarks and social media posts being misrepresented as references to South Korea.
Yahoo
31 minutes ago
- Yahoo
Xebra Provides Update on MCTO
VANCOUVER, BC / / August 1, 2025 / Xebra Brands Ltd. ("Xebra") (CSE:XBRA)(OTC PINK:XBRAF)(FSE:9YC), an international cannabis company, is providing an update to its previously disclosed management cease trade order ("MCTO"), announced on July 2, 2025, in respect of the audited annual financial statements and corresponding management's discussion and analysis for the year ended February 28, 2025, including the CEO and CFO certifications (collectively, the "Annual Financial Filings") that were not filed by the required filing deadline of June 30, 2025 (the "Filing Deadline"). As previously disclosed, the Annual Financial Filings were not filed by the Filing Deadline due to the fact that there have been certain liquidity constraints and delays associated with recent changes of management. The Company is working expeditiously on the steps required to complete the Annual Financial Filings and expects to be able to file the Annual Financial Filings by August 29, 2025. The Company will provide updates as further information relating to the Annual Financial Filings becomes available. Until the Annual Financial Filings are filed, the MCTO will be in effect. Additionally, the Company will issue bi-weekly default status reports in accordance with National Policy 12-203 - Management Cease Trade Orders. The Company intends to satisfy the provisions of the Alternative Information Guidelines during the period it remains in default of the filing requirements. The Company confirms that there have been no material business developments or other material information relating to its affairs as of the date of this news release that have not been generally disclosed. ABOUT XEBRA BRANDS Brands is a Canadian cannabis company with international reach, focused on the development and commercialization of cannabis‑derived wellness products. Xebra is the first company to receive full authorization to import, cultivate, manufacture, and sell cannabis (‑1% THC) in Mexico, and is actively expanding its ELEMENTS™ product line through strategic partnerships in North America. On Behalf of Xebra Brands GallardoInterim CEO For more information contact:+52 55 6387 2293ir@ Forward-Looking InformationExcept for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes, but is not limited to, business goals and objectives of the Company; statements and information regarding the timing for the filings of the Annual Filings; the Company's ability to be a first mover in a country, or to obtain or retain government licenses, permits, or authorizations in general, or specifically in Mexico, Canada or elsewhere, including cannabis authorizations from the Mexican Health Regulatory Agency (COFEPRIS); the Company's ability to satisfy the conditions of authorizations granted by COFEPRIS; any continuing uniqueness of any of the Company's products; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the reliance of the Company on its auditors and management with respect to the Annual Filings; Such factors include, but are not limited to, the inability of the Company to retain the authorizations granted by COFEPRIS; the inability to generate sufficient revenues or to raise sufficient funds to carry out its business plan; changes in government legislation, taxation, controls, regulations and political or economic developments in various countries; risks associated with agriculture and cultivation activities generally, including inclement weather, access to supply of seeds, poor crop yields, and spoilage; compliance with import and export laws of various countries; significant fluctuations in cannabis prices and transportation costs; the risk of obtaining necessary licenses and permits; inability to identify, negotiate and complete potential acquisitions, dispositions or joint ventures for any reason; the ability to retain key employees; dependence on third parties for services and supplies; non-performance by contractual counter-parties; general economic conditions; the continued growth in global demand for cannabis products and the continued increase in jurisdictions legalizing cannabis; the timely receipt of regulatory approvals for license applications on terms satisfactory to the Company; and other related risks as more fully set out in the registration statement of Company and other documents disclosed under the Company's filings at In addition, there is no assurance that the Company will: be a low-cost producer or exporter; obtain a dominant market position in any jurisdiction; or have products that will be unique. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. SOURCE: Xebra Brands Ltd View the original press release on ACCESS Newswire
Yahoo
31 minutes ago
- Yahoo
Figma's IPO was a huge hit. Here are the companies betting markets think are next in line to debut.
Figma had a wild market debut on Thursday that generated excitement for more IPOs. Figma's debut follows high-profile IPOs from Circle and CoreWeave earlier this year. With hopes that the IPO market is opening up, betting markets have their eye on the next firms to go public. Figma's wild trading debut on Thursday is generating a lot of excitement for more tech IPOs. After an underwhelming 2024 that saw little in the way of IPO activity, the market has bounced back, with several high profile debuts from, Figma, CoreWeave, and Circle Internet Group. Figma's first day of trading saw a collosal 250% pop, withmomentum carrying into a second day on Friday. But online bettors are already focused on spotting the next major IPO. Here's the list of the stocks most likely to formally announce an IPO this year, according to bettors on Kalshi: Klarna: 83% chance Discord: 45% chance Cerebras Systems: 39% chance Databricks: 30% chance Stripe: 19% chance Klarna has been eyeing an IPO for months. It initially filed to go public in March, but paused due to volatility stemming from President Donald Trump's tariffs. However, sources told Bloomberg this week that it could resume plans for an IPO as soon as September. Meanwhile, the popular social media platform Discord has been seen as a likely IPO candidate since Reddit's debut in March 2024. Reddit soared on Friday, spiking 20% on a strong earnings report, bucking a wider sell-off related to tariff jitters and the job market. Both Cerebras and Databricks have seen their odds bolstered by the debut of CoreWeave this year, an AI infrastructure company that is credited with kicking off the 2025 IPO boom. Despite early post-IPO volatility, the stock has outperformed, up 166% this year. Payments firm Stripe rounds out the list, with investors anticipating its debut for years. Read the original article on Business Insider
