Cardiex Limited (CDX:AU) has announced CDX May Investor Presentation
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Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) (‘Group Eleven’ or the ‘Company’) is pleased to announce the appointment of Jasmine Lau, CPA, as Chief Financial Officer (‘CFO’) of Group Eleven, replacing Jeannine Webb, effective May 30, 2025.
Jasmine is a Vancouver-based Chartered Professional Accountant with over 16 years’ experience in the resource sector, having served as the Chief Financial Officer for several mineral exploration companies. She is currently the CFO of Minaurum Gold Inc, Forte Minerals Corp., and Cascadia Minerals Ltd. Prior to that, Jasmine also served as CFO to a various number of other private and public mineral exploration companies.
‘On behalf of Group Eleven and its Board of Directors, I am very pleased to welcome Jasmine to the team,’ stated Bart Jaworski, CEO. ‘Jasmine’s appointment brings a wealth of relevant experience and skills to the Company. I would also like to sincerely thank Jeannine Webb for her valuable contributions and dedication to the Company over the past three years.’
About Group Eleven Resources
Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in Ireland. Additional information about the Company is available at www.groupelevenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer
E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253899
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E.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber’s beauty brand Rhode in a deal worth up to $1 billion as the cosmetics company looks to expand further into skincare.
The acquisition — E.l.f.’s biggest ever, according to FactSet — is comprised of $800 million in cash and stock, plus an additional potential $200 million payout based on Rhode’s performance over the next three years. The deal is expected to close in the second quarter of the company’s fiscal 2026 — or later this year.
“I’ve been in the consumer space 34 years, and I’ve been blown away by seeing this brand over time. In less than three years, they’ve gone from zero to $212 million in net sales, direct-to-consumer only, with only 10 products. I didn’t think that was possible,” CEO Tarang Amin told CNBC in an interview. “So that level of disruption definitely caught our attention.”
In a news release, Bieber said she’s excited to partner with E.l.f. to bring her brand to “more faces, places, and spaces.”
“From day one, my vision for rhode has been to make essential skin care and hybrid makeup you can use every day,” said Bieber. “Just three years into this journey, our partnership with e.l.f. Beauty marks an incredible opportunity to elevate and accelerate our ability to reach more of our community with even more innovative products and widen our distribution globally.”
Launched in 2022, Rhode has more than doubled its customer base over the past year and generated $212 million in revenue in the 12 months ended March 31. The company’s growth has primarily come through its website, but it plans to launch in Sephora stores throughout North America and the U.K. before the end of the year.
As part of the acquisition, Bieber will serve as Rhode’s chief creative officer and head of innovation, overseeing creative, product innovation and marketing. The brand was launched alongside two co-founders, Michael and Lauren Ratner, but it was Bieber’s influence and name that turned it into a billion-dollar brand.
Under her direction, Rhode last year became the No. 1 skincare brand in earned media value — or exposure through methods other than paid advertising — with 367% year-over-year growth.
Rhode is a solid match for E.l.f., which has seen growth skyrocket in recent years in large part to its digital prowess. The company has legions of online fans and is known for TikTok marketing that feels more natural to consumers.
The company is also looking to dig deeper into skincare, which has become more popular with all age groups, particularly E.l.f’s younger, core consumer. In 2023, it acquired skincare brand Naturium for $355 million. Its acquisition of Rhode will allow it to build on its skincare growth and reach a higher income consumer.
“E.l.f. cosmetics is about $6.50 in its core entry price point, Rhode, on average, is in the high 20s, so I’d say it does bring us a different consumer set to the company overall, but the same approach in terms of how we engage and entertain them,” said Amin.
E.l.f. made the announcement as it posted fiscal fourth quarter results, which beat Wall Street’s expectations on the top and bottom lines.
Here’s how the beauty retailer performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:
The company’s reported net income for the three-month period that ended March 31 was $28.3 million, or 49 cents per share, compared with $14.5 million, or 25 cents per share, a year earlier. Sales rose to $332.7 million, up about 4% from $321.1 million.
E.l.f.’s sales have increased rapidly in recent years, but investors have grown concerned as that growth started to slow and the threat of tariffs began weighing on its business. The company sources about 75% of its products from China, which currently faces a 30% duty on exports to the U.S. Last week, it announced plans to raise prices by $1 to offset higher costs from tariffs.
While U.S. duties on Chinese imports are 30% now, that could change as President Donald Trump negotiates with Beijing. As a result, E.l.f. said it isn’t providing a fiscal 2026 outlook “due to the wide range of potential outcomes related to tariffs.”
Amin said E.l.f. paid more than 145% in duties before Trump agreed to slash the levies on Chinese goods, but those costs didn’t come through during the quarter and will show up when the company reports its fiscal 2026 first-quarter earnings.
E.l.f. shares dropped more than 13% in extended trading Wednesday.
Nvidia shares jumped on Thursday after posting a positive set of earnings, sparking a rally in global semiconductor stocks.
Shares of Nvidia were 6% higher after the company posted better-than-expected earnings and revenue on Wednesday, even as it took a hit from U.S. semiconductor export restrictions to China.
Nvidia has been seen by investors as a bellwether for the broader semiconductor industry and artificial intelligence-related stocks, with its latest strong numbers sparking a rally among global semiconductor names.
Nvidia’s earnings helped boost other chip names, with Taiwan Semiconductor, AMD and Qualcomm all up about 1%.
In Japan, Tokyo Electron closed more than 4% higher, while SK Hynix, which is a supplier of high bandwidth memory to Nvidia, was nearly 2% up at the close of markets in South Korea.
In Europe, ASM International, BE Semiconductor Industries and ASML were all in positive territory.
The semiconductor industry has faced a number of headwinds from uncertainty around tariff policy in the U.S. and chip export restrictions to China.
Companies such as ASML, which makes machines that are critical for manufacturing the most advanced chips, have seen billions wiped off their value as a result.
Nvidia on Wednesday said it wrote off $4.5 billion of H20 chip inventory that it couldn’t ship to China because of export curbs, saying it also calculated $2.5 billion of lost revenue as well.
The restrictions on China do not seem to be going away.
The U.S. has ordered a number of companies, including those producing chemicals and design software for semiconductors, to stop shipping goods to China without a license, according to a Reuters report on Thursday.
Despite this, Nvidia still managed to post financial results for the April quarter that beat market expectations, allaying fears that demand for its graphics processing units, which have become key for training huge AI models, is dwindling.
Boeing’s airplane deliveries to China will resume next month after handovers were paused amid a trade war with the Trump administration, CEO Kelly Ortberg said Thursday, as he brushed off the impact of tit-for-tat tariffs with some of the United States’ largest trading partners this year.
Ortberg had said last month that China had paused deliveries.
“China has now indicated … they’re going to take deliveries,” Ortberg said. The first deliveries will be next month, he told a Bernstein conference on Thursday.
Boeing, a top U.S. exporter whose output of airplanes helps soften the U.S. trade deficit, has been paying tariffs on imported components from Italy and Japan for its wide-body Dreamliner planes, which are made in South Carolina, Ortberg said, adding that much of it can be recouped when the planes are exported again.
“The only duties that we would have to cover would be the duties for a delivery, say, to a U.S. airline,” he said.
Regarding the rapidly changing trade policies that have included several pauses and some exemptions, Ortberg said, “I personally don’t think these will be … permanent in the long term.”
He reiterated that Boeing plans to ramp up production this year of its best-selling 737 Max jet, which will require Federal Aviation Administration approval.
The FAA capped output of the workhorse planes at 38 a month last year after a door plug that wasn’t secured when it left Boeing’s factory blew out midair in the first minutes of an Alaska Airlines flight.
Ortberg said the company could produce 42 Max jets a month by midyear and assess moving up to 47 a month about half a year later.
The company’s long-delayed Max 7 and Max 10 variants, the largest and smallest planes in the narrow-body family, are scheduled to be certified by the end of the year, he said.
Many airline executives have applauded Ortberg’s leadership since he took the reins at Boeing last August, tasked with stemming years of losses and ending reputational and safety crises, including the impact of two fatal Max crashes.
CEOs have long complained about delivery delays from the company that left them short of planes during a post-pandemic travel boom.
“I do think Boeing has turned the corner,” United Airlines CEO Scott Kirby told CNBC’s “Squawk Box” earlier Thursday. He said supply chain problems are limiting deliveries of new planes overall.
“We over-ordered aircraft believing the supply chain would be challenged,” he said.
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Jeanine Pirro took the oath of office to serve as the interim U.S. attorney for Washington, D.C., during an event in the Oval Office on Wednesday.
U.S. Attorney General Pam Bondi administered the oath alongside President Donald Trump. Pirro is serving as the interim U.S. attorney following the resignation of Ed Martin, Trump’s initial pick to serve in the role.
‘We need to send a message that justice will be honored in the District of Columbia,’ Pirro said after taking the oath. ‘My voice should be heard loud and clear: No more. No more tolerance of hatred. No more mercy for criminals.’
‘Violence will be addressed directly with the appropriate punishment, and this city will again become a shining city on a hill in an America that President Trump has promised to make great again and will make safe again,’ Pirro added.
Trump tapped ‘The Five’ co-host for her new role earlier this month. Pirro has left Fox News Channel and a rotation of Fox News personalities will fill her seat on ‘The Five’ until a new co-host is named.
The president noted Pirro’s career in both the legal and media spaces ahead of her swearing in.
‘Jeanine Pirro has been a wonderful addition to The Five over the last three years and a longtime beloved host across FOX News Media who contributed greatly to our success throughout her 14-year tenure. We wish her all the best in her new role in Washington,’ a spokesperson for FOX News Media said in a statement.
Pirro remarked on the recent murder of two Israeli embassy staffers on the streets of Washington during her address. She vowed justice would be brought to the ‘cold-blooded murderer’ who was responsible.
Pirro served as the assistant district attorney and district attorney in New York’s Westchester County and became the first woman to serve as a judge in Westchester County Court.
She joined Fox News Channel in 2006 and hosted ‘Justice with Judge Jeanine’ for 11 years before joining ‘The Five,’ which has emerged as the most-watched show on cable news.
— A new intelligence report claims Iran is continuing with its active nuclear weapons program, which it says can be used to launch missiles over long distances.
The startling intelligence gathering of Austrian officials contradicts the assessment of the U.S. Office of the Director of National Intelligence (ODNI). Director of National Intelligence Tulsi Gabbard told a Senate Intelligence Committee in March that the American intelligence community ‘continues to assess that Iran is not building a nuclear weapon and Supreme Leader Ayatollah Ali Khamenei has not authorized the nuclear weapons program he suspended in 2003.’
Austria’s version of the FBI — the Federal Office for the Protection of the Constitution — wrote Monday in an intelligence report,’In order to assert and enforce its regional political power ambitions, the Islamic Republic of Iran is striving for comprehensive rearmament, with nuclear weapons to make the regime immune to attack and to expand and consolidate its dominance in the Middle East and beyond.’
The Austrian domestic intelligence agency report added, ‘The Iranian nuclear weapons development program is well advanced, and Iran possesses a growing arsenal of ballistic missiles capable of delivering nuclear warheads over long distances.’
According to an intelligence document obtained and reviewed by Fox News Digital, ‘Iran has developed sophisticated sanctions-evasion networks, which has benefited Russia.’
The Austrian intelligence findings could be an unwanted wrench in President Trump’s negotiation process to resolve the atomic crisis with Iran’s rulers because the data outlined in the report suggests the regime will not abandon its drive to secure a nuclear weapon.
In response to the Austrian intelligence, a White House official told Fox News Digital, ‘President Trump is committed to Iran never obtaining a nuclear weapon or the capacity to build one.’
The danger of the Islamic Republic of Iran as a state sponsor of terrorism (and its illegal atomic weapons program) was cited 99 times in the 211-page report that covers pressing threats to Austria’s democracy.
‘Vienna is home to one of the largest embassies of the Islamic Republic of Iran in Europe, which disguises intelligence officers with diplomatic,’ the Austrian intelligence report noted.
‘Iranian intelligence services are familiar with developing and implementing circumvention strategies for the procurement of military equipment, proliferation-sensitive technologies, and materials for weapons of mass destruction,’ the Austrian intelligence agency said.
In 2021, a Belgium court convicted Asadollah Asadi, a former Iranian diplomat based in Vienna, for planning to blow up a 2018 opposition meeting of tens of thousands of Iranian dissidents held outside Paris. Former New York City Mayor Rudy Giuliani, who served as President Trump’s personal lawyer at the time, attended the event in France.
When asked about the differences in conclusions between the U.S. Office of the Director of National Intelligence and the Austrian intelligence report, David Albright, a physicist and founder and president of the Institute for Science and International Security in Washington, D.C., told Fox News Digital, ‘The ODNI report is stuck in the past, a remnant of the fallacious unclassified 2007 NIE [National Intelligence Estimate].
‘The Austrian report in general is similar to German and British assessments. Both governments, by the way, made clear to (the) U.S. IC [intelligence community] in 2007 that they thought the U.S. assessment was wrong that the Iranian nuclear weapons program ended in 2003.
‘The German assessment is from BND [Germany’s Federal Intelligence Service] station chief in D.C. at that time. The British info is from a senior British non-proliferation official I was having dinner with the day the 2007 NIE was made public. The German said the U.S. was misinterpreting data they all possessed.’
The Austrian intelligence findings that Tehran is working on an active atomic weapons program ‘seems clear enough,’ said Albright.
In 2023, Fox News Digital revealed a fresh batch of European intelligence reports showed that Iran sought to bypass U.S. and EU sanctions to secure technology for its nuclear weapons program with a view toward testing an atomic bomb.
European intelligence agencies have documented prior to 2015 and after the Iran nuclear deal( JCPOA) was agreed upon that Tehran continued efforts to illegally secure technology for its atomic, biological and chemical weapons of mass destruction programs.
The Austrian intelligence report noted that Iran provides weapons to the U.S.-designated terrorist movements Hamas and Hezbollah, as well as to Syrian militias.
A spokesperson for ODNI declined to comment. The U.S. State Department and U.S. National Security Council did not immediately respond to Fox News Digital press queries.
President Donald Trump announced he will nominate Emil Bove, a Justice Department official and his former defense attorney, to serve on the U.S. Court of Appeals for the Third Circuit, a controversial choice that comes as the president continues to attack so-called ‘activist’ judges for blocking his agenda.
In a post on Truth Social, Trump praised Bove as ‘SMART, TOUGH, and respected by everyone.’
‘He will end the Weaponization of Justice, restore the Rule of Law, and do anything else that is necessary to, MAKE AMERICA GREAT AGAIN,’ Trump added.
U.S. Attorney General Pam Bondi also praised his nomination on X. Emil has been ‘indispensable partner at the Department of Justice’ she said, and ‘has worked tirelessly from day one as we make America safe again.’
‘It is hard to imagine going to work without Emil, but our loss here at DOJ will be the country’s gain!’ she added.
There are two vacancies on the U.S. Court of Appeals for the Third Circuit, which covers Pennsylvania, New Jersey and Delaware. If confirmed, Bove he would serve a lifetime appointment on the federal bench.
Bove faces an uncertain path to confirmation, as Democrats have sharply criticized President Trump’s efforts to install loyalists atop the DOJ and FBI. His nomination is likely to spark a contentious confirmation battle, with Senate Judiciary Committee Democrats expected to use the process to press Bove under oath on some of the administration’s most controversial actions.
Ed Whelan, a conservative legal scholar and senior Justice Department official during the George W. Bush administration, voiced some of these concerns on social media Wednesday afternoon.
‘Trump’s assurance that Emil Bove as a judge would do ‘anything else that is necessary to, MAKE AMERICA GREAT AGAIN’ presents an odd and highly politicized understanding of the judicial role,’ he said on X.
News of his nomination comes weeks after Trump installed Ed Martin, his controversial former nominee to serve as U.S. Attorney for the District of Columbia, to serve as the Justice Department’s pardon attorney. The role gives Martin broad oversight, including leadership of the so-called ‘weaponization working group’ within the Justice Department formed under Trump.
Prior to his installation at the Justice Department, Bove spent nearly 10 years as a U.S. prosecutor for the Southern District of New York. He also defended Trump in two of his criminal trials following his first term in the White House.
In each of these roles and at DOJ, Bove’s hard-charging tactics have solidified his reputation as a fierce, loyal and, at times, aggressive leader.
He has emerged as the man behind some of the Justice Department’s most contentious actions during Trump’s second term, prompting some officials to resign rather than carry out his marching orders.
Shortly after taking office, Bove sent a memo threatening state and city officials with criminal charges or civil penalties if they failed to comply with the Trump administration’s crackdown on immigration or slow-walked their orders on enforcement.
It was also Bove who ordered federal prosecutors for the Southern District of New York to file a motion to dismiss charges against New York City Mayor Eric Adams. That order prompted a string of resignations from personnel, including acting U.S attorney for the section Danielle Sassoon, who chose to leave DOJ rather than drop the case.
Fox News also reported earlier this year that Bove was behind an exhaustive questionnaire sent to FBI agents detailing their roles in the Jan. 6 investigations.
Questions ranged from agents’ participation in any grand jury subpoenas to whether the agents worked or responded to leads from another FBI field office or if they worked as a case agent for investigations.
Former Justice Department officials have cited concerns that the probe or any retaliatory measures carried out as a result could have a chilling effect on the work of the FBI, including its more than 52 separate field offices.
Ed Whelan, a conservative legal scholar and senior Justice Department official during the George W. Bush administration, voiced some of these concerns on social media Wednesday afternoon. ‘Trump’s assurance that Emil Bove as a judge would do ‘anything else that is necessary to, MAKE AMERICA GREAT AGAIN’ presents an odd and highly politicized understanding of the judicial role,’ he said on X.
The group cited in particular the order from then-Acting Deputy Attorney General Emil Bove to terminate the entire FBI senior leadership team and the assistant director in charge of the Washington Field Office.