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A small group of Republican lawmakers who did not feel their leaders were pushing a conservative enough agenda first began meeting in secret a decade ago, huddling in small rooms both inside and outside the U.S. Capitol, while closely guarding their membership for fear of punishment by top House GOP leaders.

Fast-forward to Thursday morning, and the House Freedom Caucus (HFC) was welcoming its members, top GOP donors, Trump administration officials and even Speaker Mike Johnson, R-La., to an ornate room inside Washington, D.C.’s Willard Hotel to mark its decade anniversary and its first annual policy summit.

‘It’s a big celebration and an anniversary for them, and I want to be a part of it,’ Johnson told Fox News Digital just before addressing the group. ‘Some of my closest friends are in this room.’

The caucus that former House Speaker John Boehner, R-Ohio, once called ‘legislative terrorists’ are now at the center of key Republican policy fights in Washington. And while they’re still a source of frustration for many GOP lawmakers – who find the group to be disruptive to Republicans’ agenda – HFC is hiding no more and has the ear of some of the most powerful people in D.C.

‘This was never our goal, you know, but we wanted to have an impact,’ Rep. Marlin Stutzman, R-Ind., a founding member of HFC who left Congress and returned in 2025, told Fox News Digital of the event at the Willard. ‘There’s always a lot of agreement in the conference, like, ‘Oh yeah, we would like to get there,’ but…sometimes you kind of need the difficult people to help move it a little bit further to the right than what you thought you might be able to.’

And rather than being a thorn in the side of Republican leaders, HFC is trying to work hand-in-hand with President Donald Trump to push for conservative policies.

They are not going against the grain any longer, House Freedom Caucus Chair Andy Harris, R-Md., told Fox News Digital.

‘We’re driving the grain,’ he said. ‘We work with the president to advance his agenda in the most conservative way possible, and we’ve been successful.’

Border czar Tom Homan, who also addressed the event along with Office of Management and Budget (OMB) Director Russell Vought, told Fox News Digital that HFC was key to advancing Trump’s border agenda.

‘They’re on the right side,’ Homan said. ‘They want to secure the border because they know a secure border, a strong border, gives us strong national security…they want us to enforce the laws.’

In late 2023, a group of HFC members were key to successfully pushing out a House speaker mid-congressional term for the first time in U.S. history.

They’ve also played significant roles in pushing Republican spending bills and the recent One Big, Beautiful Bill Act to the right – at least in the House.

Even in the middle of their two-day event on Thursday, some HFC members threatened to sink a GOP-led spending bill as a warning shot to House leaders to keep on a conservative path.

The approach has been seen as divisive for years, and this year is no different.

‘They act as if they are the only principled conservatives in the conference. It’s almost as if they would rather be in the minority,’ one House Republican, granted anonymity to speak freely, told Fox News Digital. ‘They love the attention they get when they hold out, only to fold in the end. It’s why no one respects them.’

Another GOP lawmaker said, in the context of current talks to avert a government shutdown, ‘The Freedom Caucus is not what it was two years ago or even four years ago. I don’t know what you call them, but Andy Harris speaks for himself.’

‘What is the goal of the Freedom Caucus? Is it to win? Is it to fold?’ they asked. ‘I mean, have they lost their teeth? From an outside perspective, no, I still think they get heard.’

Current HFC members brushed off the criticism.

‘We’re willing to negotiate with Donald Trump and the Senate to beat Democrats with the most conservative bill possible, so please keep assuming that we’re dead, and please keep writing that obituary, because we’re winning,’ HFC Policy Chair Chip Roy, R-Texas, told Fox News Digital.

Harris said of the critics, ‘If winning is folding, then I’ll fold every time.’

Indeed, the group does have the ear of the White House.

Former HFC Chair Scott Perry, R-Pa., who gave opening remarks during a portion of the summit exclusively viewed by Fox News Digital, revealed that White House aides attended the group’s recent meeting with conservative senators.

‘Last night, with representatives from the White House, we were asked, ‘What is the plan?’ I’m not exaggerating, this is your Freedom Caucus, the ‘legislative terrorists’ in the room where it happened,’ Perry told the audience.

But the group is expected to see some high-profile departures in the next congressional term: Roy is running for Texas Attorney General, and Reps. Andy Biggs, R-Ariz., and Byron Donalds, R-Fla., are both running for governor, among others.

Roy told Fox News Digital of the turnover, ‘We’ve had a conversation. We have things we want to do to help kind of make sure and ensure the longevity. Right now, we’ve got to make sure the good people are running. We have to make sure we continue to grow the ranks of the Freedom Caucus.’

And newer members have signaled they’re ready to fill the ranks of those left behind.

‘Now that I’ve been here, and it’s my third year, and I get comfortable with this, it gives me a lot more confidence to know what is the right path or what’s the wrong path,’ said Rep. Eric Burlison, R-Mo., whose profile in HFC has risen in his short time in Congress. ‘And I think there’s other members like me that are – as these guys step away, there’s plenty of really talented members to step in their shoes.’

This post appeared first on FOX NEWS

Sociedad Quimica y Minera (SQM) (NYSE:SQM) and Codelco have finalized their long-awaited partnership, forming a new joint venture that will oversee lithium production in Chile’s Salar de Atacama through 2060.

SQM announced on Saturday (December 27) that it has completed its strategic partnership with state-owned miner Codelco through the merger by absorption of Codelco subsidiary Minera Tarar into SQM Salar.

Following the transaction, SQM Salar has been renamed Nova Andino Litio, the new vehicle that will consolidate lithium exploration, production, commercialization and related community and environmental initiatives in the Atacama.

The merger was carried out under the terms of a partnership agreement that was signed in May 2024.

While the transaction has been completed, it remains subject to a resolutory condition tied to a pending Supreme Court decision on an appeal filed by Inversiones TLC. The appeal challenges regulatory approvals granted earlier this year, and Inversiones TLC is a subsidiary of China’s Tianqi Lithium (SZSE:002466,HKEX:9696,OTC Pink:TQLCF).

The appeal comes after a November ruling by the Santiago Court of Appeals that rejected a claim of illegality against an exemption resolution issued by Chile’s Financial Market Commission.

Despite the unresolved litigation, the economic framework of the partnership has already taken effect. SQM confirmed that the preferences and economic rights attached to the Series A shares held by Codelco and the Series B shares held by SQM became effective on January 1, 2025, including the dividend distribution methodology set out in the agreement.

SQM and Nova Andino Litio are currently determining dividend allocations and other accounting effects, which will be reflected in their respective 2025 financial statements.

The new company preserves contractual continuity with Chilean development agency Corfo, both under existing agreements and those that will govern operations from 2031 onward.

SQM Chief Executive Ricardo Ramos also said the joint venture provides long-term stability for lithium operations in Atacama, while raising operational and sustainability standards.

“This joint venture allows us to project the development of the Atacama Salt Flat and continue advancing with standards of operational excellence, sustainability and shared value creation, combining complementary capabilities for the benefit of Chile and global markets,” Ramos said in a press release issued by Codelco.

As part of the agreement, SQM has also transferred all of its mining concessions in the Maricunga salt flat to Codelco.

Nova Andino Litio’s board will be evenly split between the partners, with three representatives from each company. Its first board meeting is scheduled for Monday (December 29).

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

This post appeared first on investingnews.com

(TheNewswire)

Vancouver, British Columbia TheNewswire – September 15th, 2025 Prismo Metals Inc. (the ‘ Company ‘ ) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to report that its exploration team has identified porphyry style mineralization at its Silver King project located outside the town of Superior in Arizona. Given the proximity of the nearby Resolution Copper deposit (a joint venture between Rio Tinto and BHP), the team is excited about the potential of this same style of mineralization identified at surface within the eastern portion of our claim.

This region is world-class for porphyry systems and base and precious metals, and we believe there is significant untapped potential. Our recent field work at the Silver King mine was successful in identifying several exploration targets apart from the historic silver mine deposit including polymetallic veins, manto replacements and a strongly altered intrusion with stockwork quartz-pyrite veining. Identifying this porphyry style mineralization on the claim block is a very positive development ,’ said Dr. Craig Gibson , Chief Exploration Officer.

Figure 1 . Map showing Silver King project and nearby mineral deposits.

The Silver King deposit is located three kilometers from the Resolution Copper deposit and the high-grade Magma mine, a former copper and silver producer, located 0.6 to 1.5 kilometers to the southwest Mineralization at Silver King is hosted by the same rock sequence that hosts those two deposits but is exposed at surface and is not covered by the thick sequence of unmineralized volcanic rocks that covers Resolution Copper. From 1911 to 1996 the Magma mine was developed on veins and replacement deposits in the Paleozoic and Precambrian strata and intrusive rocks, producing approximately 27.6 million short tons of ore averaging about 4.9% copper with important quantities of zinc, gold (689K oz) and silver (34.3M oz) (Briggs, 2015), eventually leading to the discovery of the nearby Resolution copper deposit (Fig. 1).

M ineralization similar to that at the Magma mine is exposed in several historic mine workings with abundant oxide copper minerals, mainly malachite, which were developed along a northeast dipping limestone horizon near the contact with a quartz diorite intrusion and quartzite along the same structural and stratigraphic trend of the Magma mine. The largest occurrence, at the Black Diamond mine in the eastern portion of the claim block, was developed on a large outcrop of abundant specular hematite and malachite replacing a limestone bed (Fig. 2) .

Additionally, an erosional window in a regional quartz diorite has exposed a felsic intrusion to the east of the Silver King workings that was identified in historical records and now confirmed by Prismo geologists.  This felsic intrusion, previously described as a breccia pipe, is characterized by very strong stockwork quartz-pyrite veining in a quartz-sericite altered host rock. This target contains anomalous metal values in soil samples analyzed with the XRF. According to historical reports it has high salinity fluid inclusions typical of a porphyry system, providing evidence for porphyry mineralization on the Silver King claim package.

Figure 2 . Geologic and land map of the Silver King project showing newly described veins in magenta (Ag-Pb-Zn) and green (Cu-Ag) and replacement mineralization in red. The strongly altered intrusion with stock work quartz-pyrite veining is indicated by the crosshatch.

‘Much of the focus of the exploration program to date consisted of a property wide survey of historic mines and prospects surrounding the Silver King workings, said Gordon Aldcorn, President of Prismo .

The exploration work has resulted in the identification of several mineralized occurrences on the property, including veins in the vicinity of the Silver King mine, and replacement and skarn mineralization in limestone units of the sedimentary sequence near the contact.’

Part of the initial exploration program consisted of a reconnaissance survey of the geology and mineral occurrences as well as a geochemical and alteration mineral survey around the surface expression of the Silver King deposit and a second separate target to the east.

The geochemical survey used a handheld XRF instrument to measure soil samples, and showed discrete anomalies for Cu, Ag, and Sb around the historic glory hole, with the copper geochemistry also associated with the ENE striking Cu bearing vein mentioned previously (Fig. 3). Twenty-nine samples have been submitted to the lab, with an additional fifteen samples from the Ripsey mine.

This initial phase of Prismo exploration on the Silver King project is already generating a better understanding of potential with new structures not fully uncovered in historical mining approaches. This work also helps qualify our upcoming drill program which is currently in the permitting stage and is anticipated to be advanced shortly.

Figure 3 . Soil geochemistry maps for Cu, Ag, and Sb from the Silver King mine.  Contours are from values measured in soils by a handheld XRF in the field, with ranges for Cu at 5,619 ppm to 12.5 ppm, Ag at 186 ppm to 1.3 ppm, and Sb at 300 ppm to 3.9 ppm.

Click Image To View Full Size

As previously reported in Primo’s news release of August 28, 2025, the Company geologists identified two previously undescribed veins in the area surrounding the historic glory hole developed on the original exposure of high-grade silver at the Silver King deposit.  Visual inspection and analysis with a handheld XRF show two distinct veins, one with abundant silver lead and zinc and the other with copper and silver values.

Figure 4 . Location of the Company’s projects within the Arizona Copper Belt

Qualified Person

Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and Chief Exploration Officer and a director of the Company, has reviewed and approved the technical disclosures in this news release. The historic data presented in this press release was obtained from public sources, should be considered incomplete and is not qualified under NI 43-101, but is believed to be accurate. The Company has not verified the historical data presented and it cannot be relied upon, and it is being used solely to aid in exploration plans. References to mineralization at the Magma Mine and Resolution Copper deposit is not necessarily indicative of mineralization on the Silver King property.

  1. (2) Briggs, D., 2015, Superior, Arizona: An old mining camp with many lives, Ariz. Geol Survey Contributed Report CR-15-D, 13p.

About the Silver King and Ripsey Mines

Discovered in 1875, the Silver King mine was one of Arizona’s most important historic producers, yielding nearly 6 million ounces of silver at grades of up to 61 oz/t.  The Silver King mine sits only 3 km from the main shaft of the Resolution Copper project — a joint venture between Rio Tinto and BHP and one of the world’s largest unmined copper deposits with an estimated copper resource of 1.787 billion metric tonnes at an average grade of 1.5% copper (1) . The unique land position is fully surrounded by Resolution Copper’s claim block, offering strategic upside. Selected samples from small-scale production in the late 1990s returned grades as high as 644 oz/t silver (18,250 g/t) and 0.53 oz/t gold (15 g/t), indicating that high-grade mineralization remains.

The Ripsey mine is a historic gold-silver-copper producer located about 20 km west of the Hot Breccia project. Historic mine workings consisting of tunnels and shafts on several levels were developed along a vein over about 400 meters of strike length and 160 meters vertically. A small tonnage of mineral was produced by the Optionor in the late 1990’s. Limited sampling by Dr. Craig Gibson from the mine workings has yielded 15.9 g/t gold and 275 g/t silver over 0.75 meters and 8.7 g/t gold, 181 g/t silver, 3% copper and 9% zinc over 1 meter.  No modern exploration has been carried out at the project, providing significant exploration upside and multiple drill targets.

About Prismo Metals Inc.

Prismo (CSE: PRIZ,OTC:PMOMF) is a mining exploration company focused on advancing its Silver King, Ripsey and Hot Breccia projects in Arizona and its Palos Verdes silver project in Mexico.

Please follow @PrismoMetals on , , , Instagram , and

Prismo Metals Inc.

1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6

Phone: (416) 361-0737

Contact:

Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

Gordon Aldcorn , President gordon.aldcorn@prismometals.com

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as intends’ or anticipates ‘, or variations of such words and phrases or statements that certain actions, events or results may’, could’, should’, would’ or occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Hot Breccia.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Silver King.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund the drilling campaign at Silver King and the timing of such drilling campaign.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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The House passed a bill on Wednesday that would criminalize gender transition treatment for minors.

The measure, sponsored by Rep. Marjorie Taylor Greene, R-Ga., passed by a 216-211 vote with some bipartisan support.

Reps. Henry Cuellar, D-Texas, Vicente Gonzalez, D-Texas, and Don Davis, D-N.C., voted with most Republicans for the bill, while Reps. Mike Lawler, R-N.Y., Brian Fitzpatrick, R-Pa., Gabe Evans, R-Colo., and Mike Kennedy, R-Utah, voted with most Democrats against the measure.

‘Children are NOT experiments. No more drugs. No more surgeries. No more permanent harm. We need to let kids grow up without manipulation from adults to make life-altering decisions! Congress must protect America’s children!!!’ Greene wrote on X ahead of the vote.

Greene had reached a deal with House leadership to bring her bill to the floor in exchange for her backing a rule last week to advance the National Defense Authorization Act.

The bill faces a significant hurdle to pass the Senate, as Republicans would need Democrat support to approve the legislation in the Upper Chamber.

The American Civil Liberties Union criticized the House passage, saying the measure ‘would have immediate and devastating effects on the lives and transgender youth and their families across the country.’

‘Politicians should never prohibit parents from doing what is best for their transgender children,’ Mike Zamore, National Director of Policy & Government Affairs at the ACLU, said in a statement. ‘These families often spend years considering how best to support their children, only to have ill-equipped politicians interfere by attempting to criminalize the health care that they, their children, and their doctors believe is necessary to allow their children to thrive.’

‘But this bill also creates an incredibly dangerous precedent far beyond the specific care at issue, criminalizing care based on ideology and placing Washington politicians between families and their doctors,’ he continued. ‘We strongly condemn the passage of this measure and urge members of the Senate to do everything in their power to prevent it from ever becoming law.’

Greene and Rep. Chip Roy, R-Texas, butted heads over the bill before its passage. The Georgia congresswoman, set to resign next month, had criticized Roy, who sits on the House Rules Committee, for introducing an amendment she argued would ‘gut the commerce clause.’

Roy’s amendment attempted to modify the bill to limit federal criminal liability under certain circumstances ‘by defining when prohibited conduct falls within federal jurisdiction,’ according to the Rules Committee.

But Greene contended that her bill ‘criminalizes ALL pediatric gender affirming care (transgender surgeries, puberty blockers, and hormones) NOT just those receiving federal funds and protects ALL children allowing them to grow up before they make permanent changes to their body that they can never undo!!!’

‘WTF is Chip Roy doing????? And this guy wants to be attorney general of Texas but refuses to protect children??!!!’ she wrote on X.

Roy responded that ‘the constitution matters & we should not bastardize it to use ‘interstate commerce’ to empower federal authorities.’

The Texas Republican, however, said in a statement on Wednesday that he would not offer the amendment ‘to avoid any confusion about how united Republicans are in protecting children from these grotesque procedures.’

This post appeared first on FOX NEWS

Silver missed the Black Friday sale memo, rising to a new all-time high of US$56.86 per ounce.

The white metal’s price rise came after CME Group (NASDAQ:CME) halted trading on the Comex on Friday (November 28), citing a ‘cooling issue’ at a CyrusOne data center located in a Chicago suburb.

‘On November 27, our CHI1 facility experienced a chiller plant failure affecting multiple cooling units,’ a CyrusOne spokesperson explained to CNBC in an email. “Our engineering teams, along with specialized mechanical contractors, are on-site working to restore full cooling capacity. We have successfully restarted several chillers at limited capacity and have deployed temporary cooling equipment to supplement our permanent systems.”

A CME Group X post shows that by 5:46 a.m. PST, all markets were open and trading.

According to Reuters, the outage is one of the longest in years for CME Group.

Some traders are taking the disruption as a reminder of the market’s strong reliance on systems that don’t always run perfectly. However, others have pointed out that thinner activity in the US due to Thursday’s (November 27) Thanksgiving holiday likely helped minimize the impact of the stoppage.

‘If there was to be a glitch day, today’s probably a good day to have it,’ Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey, told the news outlet.

Silver price chart, November 27 to 28, 2025.

While silver is known for lagging behind gold before outperforming, it’s now ahead of its sister metal in terms of percentage gains — silver is up about 84 percent year-to-date, while gold has risen around 58 percent.

Gold was also on the move on Friday, breaking back above US$4,200 per ounce for the first time since mid-November, but it remains below its all-time high of nearly US$4,400, set in October.

Silver’s breakout this year has been driven by various factors.

As a precious metal, it’s influenced by many of the same factors as gold, but its October price jump, which took it past the US$50 level, was also driven by a lack of liquidity in the London market.

While that issue appears to have resolved, a new situation has recently emerged — Bloomberg reported on Tuesday (November 25) that Chinese silver stockpiles are now at their lowest level in a decade after huge shipments to London.

Tariff concerns and silver’s new status as a critical mineral in the US have also provided support in 2025.

The white metal’s industrial side also shouldn’t be forgotten — according to the Silver Institute, industrial demand for silver reached a record 680.5 million ounces in 2024, driven by usage in grid infrastructure, vehicle electrification and photovoltaics. Total silver demand was down 3 percent year-on-year in 2024, but still exceeded supply for the fourth year in a row, resulting in a deficit of 148.9 million ounces for the year.

Watch five experts share their thoughts on the outlook for silver.

Time will tell what’s next for silver, but some experts see it continuing to outperform gold in 2026.

‘The sure money is made in the gold sector, but the big money is made in the silver sector — that’s proven true over the last couple of precious metals cycles. I believe it will be true in this one as well,’ said Jay Martin of VRIC Media.

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

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Friday (October 17) as of 9:00 p.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$106,495, a 1.7 percent decrease in 24 hours. Its lowest valuation of the day was US$104,747, and its highest was US$107,411.

Bitcoin price performance, October 17, 2025.

Chart via TradingView.

The Bitcoin price remains under pressure. While sizable short liquidations of both Bitcoin and Ether have provided pockets of buying relief, overall market confidence is tempered. Volatility persists, leaving the market poised for further directional cues from key upcoming earnings and economic data releases.

Ether (ETH) was priced at US$3,830.31, a 1.2 percent decrease in 24 hours. Its lowest valuation of the day was US$3,726.31, and its highest was US$3,845.65.

Altcoin price update

  • Solana (SOL) was priced at US$181.98, a decrease of 2.1 percent over the last 24 hours. Its lowest valuation of the day was US$177.43, and its highest was US$184.74.
  • XRP was trading for US$2.30, a decrease of 1.4 percent over the last 24 hours. Its lowest valuation of the day was US$2.25 and its highest was US$2.31.

Crypto derivatives and market indicators

Bitcoin derivatives metrics indicate a complex market environment with mixed signals.

While short-term buying pressure has occurred, underlying market sentiment remains bearish or neutral, with cautious trading behavior and no strong bullish conviction at this time.

Bitcoin liquidations have totaled approximately US$22.09 million in the last four hours, with short positions making up the majority, signaling a short squeeze or bullish pressure. Ether liquidations show a similar pattern, totaling US$20.86 million, the majority of which were short positions.

Futures open interest for Bitcoin has decreased by 1.56 percent to around US$70 billion, showing strong bearish sentiment. Ether futures open interest was unchanged at around US$44 billion, reflecting market neutrality.

The perpetual funding rate for Bitcoin was -0.009, and for Ether it was -0.015, indicating bearish market sentiment.

Bitcoin’s relative strength index stands at 34.05, indicating that the cryptocurrency is in a bearish/bullish/neutral momentum, phase but not yet deeply oversold.

Fear and Greed Index snapshot

CMC’s Crypto Fear & Greed Index has fallen far into fear territory, dipping to 28 on Friday from an earlier score of 32.

CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.

Chart via CoinMarketCap.

Today’s crypto news to know

Japanese banks launch yen-backed stablecoin

A group of Japan’s largest banks, including MUFG Bank, Sumitomo Mitsui Banking and Mizuho Bank, are reportedly collaborating to launch a yen-backed stablecoin using MUFG’s Progmat platform.

The initiative aims to create an interoperable payment token for over 300,000 corporate clients. MUFG will be the first user for internal settlements. The stablecoin is expected to roll out by year end, potentially establishing Japan’s first unified bank-backed stablecoin network and accelerating crypto adoption in the region’s financial infrastructure.

Uniswap expands to Solana blockchain

Uniswap has expanded its web app to support the Solana blockchain, enabling users to trade Solana-based tokens, the platform announced in a blog post on Wednesday (October 15). This move broadens Uniswap’s reach beyond Ether, lowering transaction costs and speed for DeFi traders using Solana’s high-performance network.

Ripple adds US$1 billion to XRP treasury

Ripple will reportedly add a US$1 billion purchase of its native XRP cryptocurrency to its digital asset treasury.

Sources for Bloomberg said the treasury funds, which will be raised through a special purpose acquisition company, will be used to support Ripple’s ecosystem development, liquidity provision and strategic partnerships, reinforcing Ripple’s commitment to growing XRP’s adoption in global payments.

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

This post appeared first on investingnews.com

More than 200 House Democrats voted against a bill aimed at criminalizing transgender medical treatment for minors Wednesday evening.

The bill passed in a 216-211 vote that had some bipartisan crossover.

Three Democrats — Vicente Gonzalez, D-Texas; Don Davis, D-N.C.; and Henry Cuellar, D-Texas — voted with Republicans for the bill. 

Four Republicans — Mike Kennedy, R-Utah; Brian Fitzpatrick, R-Pa.; Gabe Evans, R-Colo.; and Mike Lawler, R-N.Y., voted against it.

It was widely opposed by most Democrats, however. Forty-five House Republicans signed on to formally back the legislation before the vote.

And while the majority of Republicans supported it on the House floor, it’s unclear if it will be taken up in the GOP-led Senate.

Transgender issues, particularly related to minors, have been one of the topics driving a wedge between moderate and progressive Democrats. But the severity of the bill’s language appears to have turned off a significant number of Democrats in the House.

The bill creates new federal crimes that carry up to 10 years in prison for doctors performing transgender-affirming surgeries on minors, while also making it a crime to prescribe puberty blockers.

Parents or guardians of children under 18 could also be held criminally liable if they consent to or otherwise facilitate transgender treatment for them.

‘This extreme bill puts the threat of prosecution between hundreds of thousands of families and their doctors and would put doctors behind bars for exercising their best medical judgment,’ said Mike Zamore, national director of policy & government affairs at the American Civil Liberties Union 

‘Passing this bill would be a grave escalation of an already severe effort to not only push transgender people out of public life but also allow the state to control our bodies and our lives further.’

Rep. Nancy Mace, R-S.C., who argued in favor of the bill on the House floor, said Wednesday, ‘It is obscene. It is disgusting. You’re seeing, in real time, Democrats wanting and defending grooming of children. And it is abhorrent.

‘There is a lie at the heart of the debate we’re having today that I have to correct. No child is born in the wrong body. There are only two sexes, male and female. There are no others.’

This post appeared first on FOX NEWS

President Donald Trump has been racing at breakneck speed to keep all his campaign promises. Yet he has only four months left to fulfill his vow to halve electricity prices by the end of his first year. Fighting against the fallout of the Biden administration’s harmful anti-fossil fuel agenda, the president faces stiff headwinds. The only way the president can meet his self-imposed deadline is to change course quickly, reject Biden’s mistakes and unlock the potential of every available electron.  

So far, the trend lines aren’t looking good. In the last year, electricity prices have risen twice as fast as inflation, and the Energy Information Administration estimates that retail electricity prices will continue to outpace inflation through next year, with residential prices surging between 13% to 18% higher than in 2022. 

Though, traditionally, consumers have been much more concerned about gas prices — a number they see projected on highway signs and experience firsthand multiple times a month at the pump — the experience of electricity price spikes instead of the promised price cuts will risk diminishing Trump’s popular support. 

What’s worse, these price hikes will arrive before the midterms, when Trump will be battling to retain his slim congressional majorities. 

The current price hikes aren’t Trump’s fault. Instead, he inherited a market with increasing and unprecedented energy demand coupled with the fallout from the Biden administration’s harmful policies to phase out fossil fuels. 

Technological innovations like cloud and quantum computing, crypto mining, electric vehicle adoption, streaming services and, most of all, AI data centers, all have tremendous energy demands, which drive electricity prices higher. Rand estimates global AI data centers alone will need 327 GW of energy by 2030. To put that into perspective, the entire state of California used 86 GW of energy in 2022. 

In the face of rising demand, the Biden administration embarked on an aggressive program to curtail legacy energy production. The Biden EPA imposed new emissions restrictions that effectively forced the retirement of coal and natural gas power plants and manipulated regulations across agencies to hem in traditional fuel sources. 

If these Biden-era policies didn’t cause the current electricity price spikes, they at least allowed today’s demand-induced price increases to hit consumers unabated. 

Trump now has to deal with a crisis not of his own making. With his firm commitments to win the AI race, advance crypto and reshore energy-intensive manufacturing such as semiconductor production, Trump can only keep electricity prices in check by massively increasing supply to meet rising demand. 

Unfortunately, his administration appears to be repeating the same mistakes as Biden’s, just colored with a different ideology. 

Where the Biden administration cut energy supplies by attacking fossil fuel production, the Trump administration is limiting alternative and renewable energy sources. 

The One Big Beautiful Bill rescinds tax incentives for renewables, while the administration has advanced multiple orders and rules that limit clean energy, from halting offshore wind leases to curbing solar tax credits. 

‘Drill, baby, drill’ is a great energy policy, but it’s not enough by itself. While America produced nearly enough energy from fossil fuels (86.3 quads) to supply our nation’s entire energy consumption (93.59 quads) in 2023, the fact is, we need alternative energy sources just to meet current demands. When the future requires even more energy, the necessity for alternative energy will only increase. 

The cheapest way to put more electrons into the power grid immediately is to erect significantly more solar and energy storage infrastructure, coupled with natural gas peaker plants that can be rapidly turned on during peak hours. 

In the medium term, America needs to increase nuclear energy production, build more energy infrastructure like electric transmission lines and natural gas pipelines, and construct geothermal power plants while deploying grid-enhancing technology, improving demand response and increasing energy efficiency. With the growing adoption of solar and EVs, the United States can even create an aggregated network of residential, virtual power plants that only draw energy in low-use times while feeding energy back into the grid when it’s needed most. 

If these Biden-era policies didn’t cause the current electricity price spikes, they at least allowed today’s demand-induced price increases to hit consumers unabated. 

The point is, every energy source and efficiency measure must be deployed if we have any hope of keeping prices in check. 

President Trump can’t be blamed for the current rise in energy prices. But he could be blamed down the road if his administration continues to limit supply by favoring one source of energy over others. At the end of each month, most consumers don’t care where their energy comes from; they only care that it’s cheap. 

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Newmont (TSX:NGT,NYSE:NEM,ASX:NEM) is preparing to withdraw from the TSX, the latest in a string of moves to streamline operations and rein in costs following its US$15 billion takeover of Newcrest Mining in 2023.

The Denver-based miner said on Wednesday (September 10) that it has applied for a voluntary delisting of its common shares from the TSX, effective at the close of trading on September 24.

The company cited “low trading volumes” on the Canadian exchange, and said the decision is expected to “improve administrative efficiency and reduce costs for the benefit of Newmont’s shareholders.”

Newmont’s shares will continue to trade on the NYSE, where it maintains its primary listing, as well as on the ASX and the Papua New Guinea Stock Exchange under the ticker symbol NEM.

Rising costs and restructuring plans

Newmont’s all-in sustaining costs reached record levels earlier this year, eroding profits even as bullion prices hit all-time highs above US$3,500 per ounce in April and remained above US$3,300 through most of the summer.

The company has acknowledged that its cost base has outpaced peers.

In the second quarter, Newmont’s costs were nearly 25 percent higher than those of Agnico Eagle Mines (TSX:AEM,NYSE:AEM), a Canadian rival considered one of the industry’s leanest producers.

Newmont’s costs have risen more than 50 percent over the past five years, driven by higher energy, labor and material prices, as well as integration expenses tied to Newcrest’s operations.

CEO Tom Palmer told investors in July that Newmont was pursuing additional measures to lower its expenses.

Behind the scenes, Newmont has been preparing for more aggressive measures.

People familiar with the matter told Bloomberg News that management has set an internal target to lower costs by as much as US$300 per ounce, or roughly 20 percent. Meeting that benchmark could require thousands of layoffs across the company’s global workforce of about 22,000, excluding contractors.

While Newmont has not disclosed the scope of planned reductions, some employees have already been informed of redundancies, according to the report. Managers have also been briefed on potential curbs to long-term incentive programs as part of a broader restructuring. A company spokesperson confirmed earlier this year that Newmont launched a cost and productivity improvement program in February.

Alongside cost cutting, Newmont has moved to divest non-core assets acquired in the Newcrest deal.

Since late 2024, the company has sold multiple Canadian operations: the Eleonore mine for about US$795 million, the Musselwhite mine in Ontario for US$850 million and its stake in the Porcupine operations for US$425 million.

The asset sales are intended not only to cut debt at the company, but also to sharpen its focus on higher-margin operations, particularly in North America and Australia.

Despite higher costs, Newmont shares have surged 95 percent this year; the company also announced a US$3 billion share repurchase program in July.

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

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The NATO Chiefs of Defense reaffirmed support for Ukraine in a virtual meeting Wednesday in Brussels that included all 32 allied military leaders and featured the first briefing in this format led by U.S. Gen. Alexus Grynkewich, the new Supreme Allied Commander Europe (SACEUR).

U.S. Joint Chiefs of Staff Chairman Gen. Dan Caine attended the meeting virtually, along with Grynkewich, who also leads U.S. European Command, U.S. officials confirmed to Fox News on Tuesday.

NATO officials said in a statement that the ‘candid discussion’ centered on what security guarantees the alliance might provide Ukraine as part of a potential peace agreement to end Russia’s three-year war.

Col. Martin O’Donnell, spokesperson for Supreme Headquarters Allied Powers Europe, wrote on X that ‘the Supreme Allied Commander was honored to brief the Chiefs of Defense, his first in such a format. As he has said before, ‘these are consequential times.”

‘NATO has faced important times before — and these have only made our Alliance stronger. As we work through these important issues, we will all stay informed, engaged, and united in the defense of the Euro-Atlantic region and with NATO’s ongoing support to Ukraine as progress towards peace continues,’ he added.

The Chair of NATO’s Military Committee also praised the discussions, writing on X that it was a ‘great, candid discussion among NATO Chiefs of Defence’ and an ‘excellent update on the security environment from our new SACEUR, his first with us.’

The chair added that the meeting confirmed support for Ukraine, emphasizing the alliance’s focus on a ‘just, credible and durable peace’ and praising the ‘relentless courage’ of Ukrainian forces.

According to the Associated Press, assurances that Ukraine won’t face another invasion are seen as central to any settlement, with Kyiv pressing for Western-backed military commitments, including weapons and training. European allies are working on options for a multinational security force that could backstop a peace deal.

Wednesday’s virtual session unfolded against the backdrop of President Donald Trump’s push to steer Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy toward a settlement. Trump met with Putin last Friday in Alaska and hosted Zelenskyy and European leaders at the White House on Monday. 

The reaffirmations come a day after Caine convened a smaller meeting in Washington with defense chiefs from Germany, the U.K., France, Finland and Italy to prepare for Wednesday’s broader NATO discussions.

Russian Foreign Minister Sergey Lavrov criticized NATO discussions on Ukraine’s security conducted without Moscow’s involvement, warning that ‘this will not work’ and vowing Russia would ‘ensure its legitimate interests firmly and harshly,’ RIA Novosti reported, according to AP.

The White House did not immediately return Fox News Digital’s request for comment.

The Associated Press contributed to this report.

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