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Avenix Fzco Launches Litepips: AI-Powered Trading Technology for Gold Market on MetaTrader 4 Platform

Rev Up Marketers

Avenix Fzco, a prominent player in algorithmic forex trading, has announced the launch of Litepips, its latest AI-driven trading technology tailored for the XAUUSD (gold) market on the widely-utilized MetaTrader 4 platform. Litepips introduces a novel trading system aimed at providing traders with a sophisticated tool for conducting comprehensive analysis of market impulses and trends. By integrating technical and mathematical evaluations, the platform enables precise trading decisions with the goal of optimizing profits while minimizing risks. Its advanced algorithms dynamically respond to changing market conditions, providing traders with an adaptive advantage. Emphasizing safety and reliability, Litepips eschews high-risk trading strategies like grid or hedge trading. Instead, it incorporates stringent risk management protocols with strategic stop-loss and take-profit settings, ensuring traders can engage with increased confidence and security. A key highlight of Litepips is its economic model, offering accessibility through a one-time purchase. This distinguishes Litepips from subscription-based trading solutions, appealing to traders seeking to minimize ongoing costs and reflecting the company’s commitment to providing value and transparency. The introduction of Litepips is poised to set a new standard in forex trading, making sophisticated trading tools more accessible and economically viable for traders worldwide. About Litepips: Litepips by Avenix Fzco is a forex trading platform leveraging cutting-edge AI and machine learning technologies to optimize trading strategies, with a focus on the gold market. Litepips aims to provide traders with powerful, precise, and accessible trading solutions. About Avenix Fzco: Avenix Fzco is a leading provider of Forex trading solutions, specializing in the development of expert advisors and trading tools designed to empower traders to achieve greater precision and profitability. With a focus on innovation and user-friendly design, Avenix Fzco is dedicated to helping traders succeed in the dynamic world of Forex trading. Contact Details Avenix Fzco Robert Swanton support@litepips.com Company Website https://litepips.com/

June 04, 2024 08:54 AM Eastern Daylight Time

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Bitcoin (BTC) Stability Boosted By Massive ETF Inflows, Rebel Satoshi is on a dream presale run

Blockchain Digest

In the constantly changing world of cryptocurrency, periods of stability are really sought after, especially for Bitcoin (BTC). Right now, Bitcoin is seeing a boost in investor trust, thanks to big investments in spot BTC exchange-traded funds (ETFs) and favorable trading situations. At the same time, Rebel Satoshi Arcade (RECQ), a crypto project led by its community, is making great progress in its presale stage, catching the eye of both investors and fans. Massive ETF Inflows Boost Bitcoin Stability Bitcoin's recent stability can be credited to the huge influx of investments into spot BTC ETFs, signaling growing confidence among investors. According to Bitfinex researchers, Bitcoin has found solid support around the $60,000 level, thanks to consistently strong daily closures and significant withdrawals from crypto exchanges. Even with the massive outflows totaling $3.85 billion on May 15, Bitcoin's volatility remained low, and the cryptocurrency held its ground. What's particularly interesting is the spot Bitcoin ETF market in the US, which has seen net inflows for seven days in a row. This trend shows that investors are increasingly interested in BTC-related investment products, highlighting the growing appeal of Bitcoin as an asset class. Rebel Satoshi Arcade (RECQ) – Igniting The Wave Of Decentralization Picture this: in the bustling arena of cryptocurrency, Rebel Satoshi emerges as a beacon of hope, challenging the established presence of Bitcoin. It’s a rebellious project with the focus to transform the gaming and financial systems with complete decentralization. Do not think of Rebel Satoshi as another meme maniac, but a community-wide movement against the elites. With a unique dual-token system, featuring the Rebel Token (RBLZ) and the Requis Token (RECQ), it offers more than financial stakes – it stands for belonging and governance. If you hold this token, you are literally a decision maker in this project, while the other token serves a transactional purpose. The current presale has exceeded everyone's expectations with its remarkable success. Rebel Satoshi's innovative strategies and commitment to its community have generated immense interest and excitement. With ambitious goals outlined in its roadmap, such as reaching a $100 million market cap, Rebel Satoshi is poised for something substantial. And it's not mere speculation – comprehensive audits demonstrate the project's dedication to security and transparency, instilling confidence in potential investors. Rebel Satoshi isn't just about snagging investors; it's about making moves. Like, as this presale ramps up, it's drawing in investors who want to be a part of a bigger picture—a movement all about decentralization and making money stuff more fair for everyone. And, with each step it takes, Rebel Satoshi is cementing its spot as a big deal in the crypto scene. It's not just about throwing cash in; It's about having a shot at shaping a world where everybody gets a fair shake. Conclusion The combination of Bitcoin staying solid and all the hype around Rebel Satoshi’s presale is truly getting people excited about crypto. In this ever-changing world, projects like Rebel Satoshi offer a golden chance to be part of a community-driven push for a more inclusive financial future. Whether you’re a pro investor or just dipping your toes into crypto, now's the perfect time to check out Rebel Satoshi Arcade (RECQ) and dive into the vibe of innovation and empowerment. For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram. Contact Details Rebel Satoshi marketing@rebelsatoshi.com

June 04, 2024 08:30 AM Eastern Daylight Time

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BNB Loses Market Interest, Solana and 100x Altcoin Raboo Steal the Spotlight

Total Media

The cryptocurrency market has experienced a series of bullish and bearish trends from a couple of major coins. With Solana demonstrating a massive recovery trajectory and BNB price moving sluggish, investors seem to be losing interest in BNB and pivoting to the newly created socialFi meme coin. Raboo is a brand-new SocialFi coin created with a combination of top-notch technology and a splash of amazing meme-hunting skills. This coin has stolen the spotlight as it is predicted to surge up to 233% in 2024. Raboo, currently in Stage 4 of its presale phase, and raking in over $1.6million so far, it’s projected by analysts to surge up 100x on launch day. In this article, we will talk more about all you need to know regarding the progress of this coin. BNB: Massive Decline in Market Price of Binance Coin Recently, the value of BNB had experienced a downward trend of about eight percent in comparison with the dollar value. This shows clearly that the token isn't going to bring in big ROI, causing investors to lose interest in the market coin. BNB has had a bullish short-term trend, rising fourteen percent during the last couple of months, analysts warn of BNB as it is approaching its resistance of $645.02. BNB is Currently trading at $621.05 with a trading volume of approximately $2.8 billion, and YTD value of only 100%. A Crypto analyst recently described the Binance Coin as having a bullish past, with a bearish future. Due to its recent performance, investors are now seeking other alternatives to dive into, with Raboo’s presale coin showing potentials of up to 100x its market value. Solana is predicted to surge by 10% in The Crypto Market The debut of meme-coins on the Solana blockchain has been met with excitement from investors. Using the unrestricted nature of blockchain technology, Solana is an open-source project with a huge operation that provides DeFi solutions. Solana Enthusiast projects that there is a high chance it will experience a bullish trend of up to 10% in the next couple of days. This is due to the increase in its overall trading volume and market cap. In the last 24 hours, Solana has had a trading volume of approximately $2.1 billion and a market price of $75.5bn. Raboo’s Bright Future of Up to 100x is Still Bringing in Investors Raboo is predicted to place among the top AI-themed meme coins in 2024, and it definitely has people talking. The price of the presale token is estimated to go up to 233%, following its starting price of $0.003 Currently in Stage 4 with a price of $0.0048.. In a market where investors are shifting toward meme coins, Raboo is a top-tier native token that has the potential to surge by 10,000% upon its listing on a major exchange platform. Raboo offer holders the opportunity to experience the combination of MemeFi, blockchain, and SocialFi. Enthusiasts get to benefit from the special social-fi model and earn more tokens by participating in weekly, monthly, and quarterly competitions. The new meme coin is driving the $62 billion meme market and without a doubt one of the best altcoin to invest in. Conclusion In the cryptocurrency space, not only Solana but also Binance Coin have experienced big hits. With the increase in solana trading volume and market cap, it’s expected to experience a 10% surge in the couple of days. Meanwhile, Raboo is stealing the spotlight following its prediction of reaching up to 100x its current price, investors are now finding their way to this AI-powered meme coin. You can participate in the Raboo presale here. Telegram: https://t.me/RabootokenPortal Twitter: https://twitter.com/Raboo_Official Contact Details Total Media Solutions media@Totalsolutionspr.io

June 04, 2024 08:24 AM Eastern Daylight Time

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Mphasis and Classiq Partner to Drive Quantum Innovation

Classiq Technologies

Mphasis, (BSE: 526299; NSE: MPHASIS), an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced its strategic partnership with Classiq, a leading quantum software company to demonstrate and commercialize industry solutions powered by Quantum. The strategic partnership aims to accelerate the adoption of quantum solutions for enterprises by integrating them into its operations. The collaboration is committed to fostering innovation and redefining technological boundaries and paving the way for a quantum-powered future. Classiq leads in quantum computing software and has developed a platform for faster and more efficient quantum algorithm design. Mphasis will focus on building industry solutions in sectors such as BFSI, Lifesciences, Healthcare, Supply Chain & Logistics, Chemistry, utilizing these advanced algorithms. By leveraging Classiq’s quantum platform, Mphasis will develop industry-specific intellectual properties (IPs) and will also jointly market and implement customer IPs, execute customer projects, and provide support for the commercialization of Classiq’s platform and IPs. Additionally, Mphasis’ Quantum Initiative, launched in 2020 within the Applied R&D division, NEXT Labs, aims to facilitate our client's transition to the quantum era. The adoption model comprises awareness-building, assessment, and consulting workshops, as well as the development and implementation of quantum solutions in key domains such as optimization, artificial intelligence, simulation, and cybersecurity. Within the realm of quantum computing, the company’s priorities include applied research, the creation of industry-specific solutions and intellectual properties, thought leadership dissemination, building robust partnerships, and leveraging a design thinking approach to drive adoption. “We are thrilled to announce our collaboration with Classiq and leveraging their expertise to unlock the vast potential of quantum computing. This partnership enables us to combine our industry knowledge with cutting-edge quantum technology, to innovative solutions tailored to our clients' needs. Together we hope to lead the way in initiating and implementing state-of-the-art quantum solutions that redefine the boundaries of our field," said Srikumar Ramanathan, Chief Solutions Officer, Mphasis. "Classiq is proud to be partnering with Mphasis to support scalable enterprise quantum computing software development. Together we combine depth of industry domain knowledge and quantum expertise with the technology needed to implement sophisticated optimized quantum computing programs for our clients," said Nir Minerbi, CEO and Co-Founder, Classiq Technologies. By synergizing Mphasis' domain expertise with Classiq's quantum computing acumen, the collaboration is poised to unlock newer possibilities and redefine industry benchmarks. Quantum computing's ability to tackle previously unsolvable problems opens doors for entirely new discoveries and innovations. National Institute of Standards and Technology’s report states that quantum computing could lead to breakthroughs in areas like materials science, drug discovery, and financial modelling. McKinsey & Company estimates a $106B potential quantum technology market size by 2040. The alliance between Mphasis and Classiq represents a fusion of expertise and innovation, with Classiq's cutting-edge quantum development platform complemented by Mphasis' extensive industry knowledge. Together, the companies aim to pioneer groundbreaking quantum solutions that will reshape sectors primed for transformative change. Classiq’s platform enables both beginner and expert designers to rapidly generate, analyze, and execute quantum circuits. The collaboration reflects the shared dedication of Mphasis and Classiq, showcasing a commitment to pioneering quantum computing applications across diverse industry sectors. Apart from this, in June 2021, Mphasis along with the Government of Alberta, and the University of Calgary signed an MoU to announce the launch of the world-leading Quantum City - Canada. The strategic partnerships were to accelerate talent development and the development of a quantum computing ecosystem in Calgary, driving R&D in the technology sector. In June 2022, Mphasis deepened its commitment to Canada by announcing a delivery center in Calgary, opening the center in Alberta for business. The Mphasis business ecosystem was positioned to reinforce the region's reputation as a leading hub for digital transformation, AI, quantum computing, and more, and contribute to Canada's growing digital sector. About Mphasis Mphasis’ purpose is to be the “Driver in Driverless Car” for Global Enterprises by applying next-generation design, architecture, and engineering services, to deliver scalable and sustainable software and technology solutions. Customer centricity is foundational to Mphasis, and is reflected in the Mphasis’ Front2Back ™ Transformation approach. Front2Back™ uses the exponential power of cloud and cognitive to provide hyper-personalized (C= X2C2TM =1) digital experience to clients and their end customers. Mphasis’ Service Transformation approach helps ‘shrink the core’ through the application of digital technologies across legacy environments within an enterprise, enabling businesses to stay ahead in a changing world. Mphasis’ core reference architectures and tools, speed and innovation with domain expertise and specialization, combined with an integrated sustainability and purpose-led approach across its operations and solutions are key to building strong relationships with marquee clients. Click here to know more. ( BSE: 526299; NSE: MPHASIS ) About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing software platform (IDE, compiler and OS) with a single point of entry into quantum computing, from algorithm design to execution. Tailored to all levels of developer proficiency, Classiq aims to democratize access to quantum computing with software that equips customers to take full advantage of the quantum computing revolution. A low-code development environment that automates quantum programming ensures that a broader range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of how to program quantum computer hardware. Classiq also works closely with advanced computation hardware providers providing software for use with quantum computers, HPC and quantum simulators. Backed by powerful investors such as HPE, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq’s world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking software development platform. Follow Classiq on LinkedIn, X (formerly Twitter) or YouTube, join the Slack community, or try the Classiq platform. Contact Details Rainier Communications Michelle Allard McMahon +1 781-718-3248 classiqPR@rainierco.com Mphasis Corporate Communications Deepa Nagaraj +1 646-424-5160 deepa.nagaraj@mphasis.com Mphasis Corporate Communications Sumana Bhat +91 99029 80980 sumana.bhat@mphasis.com Company Website http://www.classiq.io/

June 04, 2024 02:04 AM Eastern Daylight Time

Expert Predictions: 4 Cryptos Primed for Significant Upside

Blockchain Digest

ONDO, Rebel Satoshi ($RECQ ), Ethena (ENA), and Optimism (OP) are gaining traction as the four most lucrative crypto investments in the current market space. Let’s take a more detailed look at the facts and analyze how high these tokens could reach over the next crypto bull run! Experts Rank ONDO Among the Best Altcoins to Buy Now Analysts point out that the opening of the ONDO-PERP market on the Coinbase International Exchange enabled ONDO to reach a new record high of $1.32 on May 26. Furthermore, ONDO bulls are convinced that the token will manage to sustain its positive momentum and increase toward the $1.50 threshold in the following months. Experts single out ONDO’s significant surges in terms of its Total Value Locked (TVL) as another reason for this optimistic ONDO price prediction. Thus, ONDO is gaining traction as one of the best altcoins to buy before the next crypto bull run. On the other hand, some analysts expect pronounced drops in ONDO’s imminent market performance based on the token’s inability to provide valuable short-term returns. According to ONDO bears, holders can expect corrections toward the $0.80 mark by the end of the year. Traders Recognize $RECQ as a Formidable Force in the Crypto Meme Market Rebel Satoshi is a new meme coin project aiming to reshape the crypto landscape through its dedication to the decentralized revolution. On top of that, Rebel Satoshi users receive excellent rewards by contributing to the development of the platform’s vibrant two-token ecosystem. $RBLZ offers excellent real-world utility as Rebel Satoshi’s governance and membership token. Furthermore, the token raised over $2.5 million during the presale phase and is currently selling for $0.025 on the Uniswap DEX. Moreover, $RBLZ holders expect continued rallies in the forthcoming weeks, as the token’s current price marks a noteworthy 150% increase from the starting $0.010. Meanwhile, Rebel Satoshi’s second token, $RECQ, is at Stage 2 of the presale, available for only $0.0044. Thus, Stage 2 investors can expect 25% gains as early as the next presale stage and a remarkable 184% gain when $RECQ reaches its launch price of $0.0125. $RECQ serves as Rebel Satoshi ’s base currency for everyday transactions such as purchases, rewards, and fees. Furthermore, the powerful $RECQ token also provides access to Rebel Satoshi’s advanced buyback program and the numerous play-to-earn games in the fun-filled Rebel Satoshi Arcade. Make sure to chip in today, as $RECQ is set to continue its upward trend over the next crypto bull run! Ethena Emerges as One of the Top Altcoins to Buy in 2024 Ethena bulls suggest ENA as one of the top altcoins to buy now based on its excellent performance since its launch on April 2, 2024. While ENA recorded its all-time high of $1.51 on April 11, experts believe that Ethena could surpass the $1.70 price mark during the next crypto bull run. ENA traded at around $0.90 during the second half of May, meaning Ethena could increase by a remarkable 88.88%. Moreover, analysts point to Ethena’s various strategic partnerships as another important factor behind this bullish ENA price forecast. For example, Infinex announced its integration with Ethena Labs via an X post on May 28. However, Ethena bears warn that ENA’s failure to consolidate above the $1 threshold could announce the beginning of a lengthy downward trend. In the worst-case scenario, ENA could decrease by the year's close toward the $0.50 mark. Optimism Crypto Price Prediction: Could OP Surge To $3.60? Optimism enthusiasts believe that the next crypto bull run could help the OP token approach the $3.60 price level. OP traded around the $2.50 range during the final week of May, meaning OP investors could receive more than 44% gains. This bullish OP crypto price prediction is based on several factors, such as Optimism’s reputation as one of the leading L-2 scaling solutions. On the other hand, some experts have evaluated OP as a risky investment for the following term, as several Optimism whales have started to dump their OP holdings. Thus, Optimism bears claim that holders should expect corrections below the $2.20 range amid Optimism’s imminent price movements. Top market experts single out ONDO, ENA, OP, and $RECQ as the most rewarding options for the next crypto bull run, so don’t hesitate to join Rebel Satoshi’s mighty army of Recusants! For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram Contact Details Rebel Satoshi Rebel Red marketing@rebelsatoshi.com

June 03, 2024 02:50 PM Eastern Daylight Time

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XLB ETF: It’s Relevance to Increased Construction Activity

Select Sector SPDR

The United States has recently seen a resurgence in the construction industry. Investors aiming to benefit from this rise in construction activity may want to explore an exchange-traded fund (ETF), the Materials Select Sector SPDR Fund ( XLB ), which offers a snapshot of this bustling sector. As of the latest reports, the XLB ETF's strategic holdings reflect its commitment to offering diverse exposure within this thriving industry. Key Holdings Within XLB* XLB encompasses a diverse portfolio of businesses operating in different domains, including chemicals, construction materials, packaging and containers, metals and mining, along with paper and forest products. There are currently 28 companies in the portfolio. Leading the pack we have Linde PLC, a global leader in industrial gasses and engineering, at 21.45%. It is followed by Freeport-McMoRan Incorporated, a leading mining company, holding 7.19% of XLB. Next we have Sherwin-Williams, which is renowned for their excellence in paints, coatings, and related products, at 7.08%. Following is Ecolab, a prominent player in the industrial sector, making a significant contribution to XLB at 5.76%. Finally, there is Air Products and Chemicals, another key player in industrial gasses and related equipment, with 5.27%. This extensive coverage offers investors the opportunity to tap into numerous facets of the materials sector, proving advantageous during phases of economic expansion or heightened infrastructure investment. As the construction industry continues forward, XLB, with its 0.09% expense ratio**, remains well-positioned. Increasing Demand for Building Materials The steady demand for building materials has been a key factor in the growing relevance of XLB. As we continue to navigate the post-COVID-19 era, construction activities are on a significant rise, creating a surge in the need for raw materials. Furthermore, the increasing focus on infrastructure development is adding fuel to this rising demand. The recent passage of the infrastructure bill opens up avenues for substantial investments in diverse fields such as transportation, broadband, and clean energy, thereby making XLB a potentially attractive investment option. The Materials Select Sector SPDR Fund ( XLB ) provides diversified exposure to the thriving materials sector. With its current demand driven by ongoing construction projects and potential infrastructure expenditure, XLB emerges as a compelling choice for investors seeking to tap into these trends. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Holdings, Weightings & Assets as of 4/30/24 subject to change **Ordinary brokerage fees apply DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and non-diversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007537 EXP 7/31/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

June 03, 2024 02:25 PM Eastern Daylight Time

Game ON for Pakistan: Historic Talent Gathering for Game Developers, Animators, and Designers in Islamabad!

IDRAK AI

Islamabad, Pakistan – June 3, 2024 - ( ThriveNewsWire ) - Gaming industry in Pakistan has been on rise for last couple of years. Recently, number of major international investments in Pakistani Gaming tech sector have attracted attention of global tech players. The rising industry has experienced number of acquisitions of local talent in recent past. In this regard, the vibrant heart of Islamabad witnessed a landmark event as over 150 game developers, animators, and designers gathered for an unprecedented meetup. Hosted at the offices of IDRAK AI (Pakistan’s first award-winning AI company) and Design Peeps (a globally recognized leader in digital product design), the evening marked a pivotal moment for Pakistan’s gaming and animation industry. This historic event, organized by IDRAK AI and Design Peeps in collaboration with Arab Play, Miradore, Section Soft, Huawei, and Moonshot Animations, epitomized the spirit of innovation and partnership. Supported by P@SHA, IGI, and Maida Co., the meetup showcased the strength and diversity of Pakistan’s burgeoning creative and technological sectors. Throughout the evening, industry leaders shared profound insights into the current landscape and future prospects of game and animation development in Pakistan, facilitating a dynamic exchange of ideas and expertise. The event also witnessed the signing of three Memorandums of Understanding (MoUs) and two significant contracts, setting the stage for future collaborations in gaming, animation, mobile app development, and event management. These agreements are poised to propel the industry forward, targeting both local and Saudi market business segments. “We are elated by the extraordinary turnout and the enthusiasm from all sectors—government, academia, industry, and students alike,” said Sheikh Abdul Qadir, MD of IDRAK AI, and Usman Fiaz, CEO of Design Peeps, the visionary organizers behind the event, “This gathering is a testament to the immense potential and talent within Pakistan’s gaming industry. It’s truly Game ON for Pakistan.” The event was a celebration of the thriving community of game developers, animators, and designers. Attendees reveled in the vibrant atmosphere of Islamabad’s beautiful evening, engaging in discussions that spanned the latest technological innovations and the artistic nuances of game creation. The gaming industry in Pakistan, now valued at over half a billion dollar, demonstrated its significant growth and vast potential. This event stands as a milestone, heralding future growth and collaboration within the gaming and animation sectors. It created a crucial platform for stakeholders to unite, share knowledge, and drive the industry towards unprecedented heights. As Pakistan continues to make waves in the global gaming and animation markets, such events will be instrumental in fostering a robust and innovative ecosystem. Media Contact Bilal Wasti bilal@designpeeps.net For Further Information: - IDRAK AI: https://www.linkedin.com/company/idrakailtd/ - Design Peeps: https://www.linkedin.com/company/designpeeps/ Contact Details Design Peeps Bilal Wasti bilal@designpeeps.net Company Website https://idrakai.com/

June 03, 2024 12:27 PM Eastern Daylight Time

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Shareholder Proposal Seeks Reevaluation of Exec. Incentives for EVs at GM

NLPC

On June 4, National Legal and Policy Center will present a shareholder proposal at the General Motors Company advocating for GM’s board of directors to reevaluate the electric vehicle expansion targets included in its executive compensation packages. The proposal, identified as Item No. 5 on the 2024 proxy ballot, argues that GM’s focus on electric vehicles is misaligned with both the market demand for EVs and the economic realities the company faces. Last month NLPC filed a proxy memo with the Securities and Exchange Commission that explains its rationale for the proposal. GM, like many in energy-intensive sectors, has increasingly aligned its corporate strategies with a poorly substantiated, government-subsidized, and corporate media-amplified “scientific consensus” that carbon emissions will result in catastrophic effects to the planet, and to humans. These scenarios are increasingly unlikely, yet the corporate media continues to portray them as the default. Supposedly, this climate crisis can only be averted if governments and consumers adopt environmentally friendly technology, such as electric vehicles, en masse. However, electric vehicles aren’t good for the environment. Even with government subsidies, they’re expensive and unprofitable. Further, consumers don’t want to make the switch. Luke Perlot, Associate Director of NLPC's Corporate Integrity Project, stated, “Our proposal encourages a reassessment of GM’s current executive compensation incentives, which overly prioritize electric vehicle production without adequate consideration of the associated economic, environmental, and ethical risks. Instead, the company should remove these incentives and give its executive team the opportunity to pursue growth strategies without political bias.” Key Details of the Proposal: Misalignment with Market Realities: Despite substantial investments and executive incentives, the anticipated demand for EVs has not materialized at the projected scale. An open letter to President Biden signed by over 5,000 auto dealerships warned of lack of demand for EVs. Economic Viability and Subsidy Dependence: GM's profitability in the EV sector is heavily reliant on government subsidies, which are subject to political changes and could be repealed as early as 2025. Without these subsidies, the division’s path to achieving positive pre-tax earnings, currently projected for no sooner than 2025, appears increasingly precarious. Environmental and Ethical Challenges: The extraction and processing of rare-earth elements, crucial for these batteries, are predominantly concentrated in regions with poor environmental and labor standards. This not only leads to severe ecological damage, but also involves significant human rights abuses, including forced labor. Further, these elements are primarily processed in China, a geopolitical adversary of the United States. “Consumers still want internal combustion engine vehicles,” Perlot added, “and GM’s competitors are making substantial investments to meet their demand. The company cannot afford to be left behind because of misguided incentives.” Founded in 1991, the National Legal and Policy Center promotes ethics in public life through research, investigation, education and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

June 03, 2024 11:45 AM Eastern Daylight Time

Comcast Partners with Jaime Mendez News to Serve Hispanic Community in Seattle

Comcast Pacific Northwest

Comcast today announced a partnership with Se Habla Media to support and expand its Jaime Mendez News Spanish-language newscast to the more than 60,000 members of the Hispanic community in Seattle. The partnership includes a grant to support operations and technology along with a regular spot on Comcast’s Xfinity TV Channel 79 to air its broadcasts. “When Sinclair Broadcasting group let go of its Univison affiliate at the end of 2023, the only local Spanish newscast on TV in our area also disappeared,” said Diana Oliveros, co-founder of Se Habla Media. “This sudden lack of a newscast posed yet another barrier to important information for many Hispanics. So, we decided to create our own local media outlet.” Se Habla Media was born out of Oliveros’ and Jaime Mendez’s desire to fill the void left by the disappearance of Univision. The two decided that creating their own media outlet was the best and likely only solution to avoid the disappearance of local Spanish-language news. They also realized that they didn’t have time to waste. In roughly three months they created Se Habla Media and launched on Jan. 1, 2024. It was a labor of love in more ways than one—Oliveros and Mendez are married and live in the home that has also become their studio. "Our collaboration with Jaime and Diana aligns seamlessly with Comcast's mission to support our communities, advance digital equity, and help small businesses succeed," said Rodrigo Lopez, Senior Vice President of Comcast Pacific Northwest Region. "By supporting Se Habla Media, a news outlet created by Latinos for Latinos, we are helping to keep our Spanish-language community informed about local events and raise awareness of important local issues." Before the partnership with Comcast, Jaime Mendez News, the newscast produced by Se Habla Media, was limited to online broadcasts. Even without a lot of marketing or a TV cable channel, it was able to build a critical mass of more than 120,000 followers. Additionally, the outlet has reached more than a million viewers across Facebook, Instagram and YouTube. Most of the Se Habla Media’s online audience lives in the Puget Sound area, but it also has followers in Central and Eastern Washington, California and Mexico. The addition of a TV cable channel and the support of Comcast will help expand its reach and audience. “There is a huge technological gap for some members of the Hispanic community,” said Oliveros. “It is often taken for granted that anyone has access to internet connection and social media, but the truth is that TV is still an important, and sometimes the only source of information for some people. These are the people that tend to be some of the most vulnerable.” Mendez was the news anchor for the now closed Seattle Univision broadcast. He has been a pioneer in Hispanic media for the last 25 years. Oliveros is a career diplomat specializing in community outreach and local economic development. During her six years in Seattle, she acted as Consul for Community Outreach at the Consulate of Mexico in Seattle, leading the efforts of collaborating with the Mexican migrant community in Washington and Alaska, to provide health, education and financial literacy programs. Her position created a deeper and better understanding of the needs and culture of the local and regional Spanish speaking community. The financial support from Comcast will also aid in paying for freelance reporters to develop news stories. In the future, Mendez wants to provide more daily news and add a sports show with specialized segments. “We feel glad to see that other stakeholders, like Comcast, see the value of what we are doing and commit to strengthen projects like ours,” said Mendez. “The partnership with Comcast helps us bring reliable information to more people and gives us the exposure we need to raise awareness about the need in the Hispanic community.” Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Contact Details Comcast Andy Colley andy_colley@comcast.com Company Website https://washington.comcast.com/

June 03, 2024 08:00 AM Pacific Daylight Time

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