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jili 187 AP News Summary at 3:42 p.m. EST

Hyderabad, Nov 30 (IANS): Former Andhra Pradesh Chief Minister Jagan Mohan Reddy on Saturday sent a legal notice to the Andhrajyothy publication demanding an unconditional apology. The notice says that the publication spread defamatory, false, and scandalous reports about him in connection with the legal proceedings initiated by the US Securities and Exchange Commission (SEC) concerning the Adani Group. The notice firmly rejected these claims as false and accused the newspaper of circulating malicious and misleading information about the YSRCP President. "The insinuation and further allegations purported to be sourced from the judicial proceedings in the US are clearly aimed at causing severe damage to my client’s reputation as an individual and as a head of the political party being YSRCP, and also to malign my client’s functioning as the chief minister of the state between 2019 to 2024," the notice served by Jagan's advocate read. It has slammed the publication for carrying "untruthful material with intent and prior knowledge that it would cause harm to my client's reputation seeking to allude to bribes purported to have been paid for securing such agreements and the alleged role of state government securing such contract". In fact, the notice has come in response to the report saying that the state officials were allegedly paid bribes for solar power purchases during Jagan's YSR Congress was in power. Rebutting the reports carried by the media organisation, the notice has shared the details of the power purchase agreement, saying it was an agreement amongst governments and no third party was involved in it. It explains: "The subject matter relates to the agreements amongst that parties, the Government of Andhra Pradesh and DISCOMs of Andhra Pradesh and Solar Energy Corporation of India in pursuance of the initiative by the Government of India commencing from its first communication dated 15/09/2021. "It was SECI, an instrumentality of the government of India, that had made the phenomenally beneficial offer to the government of Andhra Pradesh. The main advantages to the state owing to the offer from SECI are -- it proposes an arrangement between as GoI undertaking and state government, the tariff at which the solar power was offered was the cheapest of the rates at which the Andhra Pradesh Distribution utilities were procuring solar power till date, the offer from SECI also emphasises the Ministry of Power, GoI's special incentive of waiver of Intern-State Transmission Charges on the power purchased from SECI, which translates to an impact of around Rs 2 per unit of power," states the notice. "Can any state government upon receiving such an offer from the Government of India undertaking, that is extremely beneficial to the interests of the state, ignore or decline such an offer?" asks the notice. According to it, "if any state government were to ignore or decline such an offer, would its action not be subject to severe criticism and would motives not be attributed to such state government?" The notice explains how due and thorough process was gone through before executing the agreement. "After due process, the Council of Ministers approved the proposal on 28/10/2021, the Andhra Pradesh Electricity Regulatory Commission conveyed their approval on 11/11/2021, the Ministry of Power, GoI, issued orders to Central Electricity Regulatory Commission on 30th November 2021, granting waiver of ISTS charges to the projects and only subsequently the Power Sale Agreement was executed on 01.12.2021 amongst the parties, the Solar Energy Corporation of India, Distribution Utilities of Andhra Pradesh and Government of Andhra Pradesh,” says the notice, adding: "Apart from these, there are no other parties to the Power Sale Agreement." The tariff that was offered for supply at Rs 2.49 per unit was the least of the tariffs at which PPAs were ever executed in Andhra Pradesh in the last 25 years for procurement of solar power or wind power, says the notice. The notice says that "without regard to the same and the totality of circumstances, including the best interests of the state which was cornerstone of decision making of my client's tenure as Chief Minister, and the decision-making by my client as head of Government, you relentlessly continue to publish news articles on Andhrajyothy.com from 21/11/2024, with the narrative that the proceedings in US Courts speak of the payment of receipt of bribe to my client." The former CM has called upon the media outlet to tender an unconditional apology to him, prominently published on the front page of the newspaper forthwith.U.S. stock indexes reached more records after tech companies talked up how much artificial intelligence is boosting their results. The S&P 500 climbed 0.6% Wednesday to add to what looks to be one of its best years of the millennium. The Dow Jones Industrial Average gained 0.7%, while the Nasdaq composite added 1.3% to its own record. Salesforce pulled the market higher after highlighting its artificial-intelligence offering for customers. Marvell Technology jumped even more after saying it’s seeing strong demand from AI. Treasury yields eased, while bitcoin climbed after President-elect Donald Trump nominated a crypto advocate to head the Securities and Exchange Commission. On Wednesday: The S&P 500 rose 36.61 points, or 0.6%, to 6,086.49. The Dow Jones Industrial Average rose 308.51 points, or 0.7%, to 45,014.04. The Nasdaq composite rose 254.21 points, or 1.3%, to 19,735.12. The Russell 2000 index of smaller companies rose 10.22 points, or 0.4%, to 2,426.56. For the week: The S&P 500 is up 54.11 points, or 0.9%. The Dow is up 103.39 points, or 0.2%. The Nasdaq is up 516.95 points, or 2.7%. The Russell 2000 is down 8.16 points, or 0.3%. For the year: The S&P 500 is up 1,316.66 points, or 27.6%. The Dow is up 7,324.50 points, or 19.4%. The Nasdaq is up 4,723.76 points, or 31.5%. The Russell 2000 is up 399.49 points, or 19.7%.

Battery manufacturer E-One Moli Energy has announced it is not going ahead with the expansion of its Maple Ridge plant – at this time. The project would create 350 new jobs and secure more than 100 existing positions, making Moli Energy the city's largest private employer. A year ago, Prime Minister Justin Trudeau and B.C. Premier David Eby both toured the plant and joined the company in announcing the $1-billion expansion, which senior government would partner in. The federal commitment was $205 million, with another $80 million from the province, and the plan was for E-One Moli to expand its facility in Maple Ridge, and become Canada’s largest high-performance lithium-ion battery cell manufacturer. They would produce up to 135 million battery cells per year. Maple Ridge Mayor Dan Ruimy assured the project is not dead. "It's not really the bad news everyone thinks it is – they're not cancelling, they're just putting it on pause," he said. With the company investing some $750 million in the project, it's easy to appreciate Moli Energy's prudence in watching developing energy markets, as well as the political climate in the Canada and elsewhere, Ruimy explained. He pointed out the project is not overdue – it was slated for completion in 2028. The company has stated the plant expansion in Maple Ridge remains a sound investment. "We're a supporting partner, and we want them to know that we want them to be here," Ruimy said of the city's role. The company started in B.C. in 1977, and has operated from the Maple Ridge site since 1987 as a pioneer in the battery industry, with production facilities in Taiwan. Molicel batteries are used in motorsports, high-end autos, aircraft, medical equipment, power tools, and home appliances. The company was purchased in 2000 by Taiwanese-based Taiwan Cement Corp. “What you’ve been able to build here over the past decades is more relevant now than one could ever imagine, and is part of the exciting future we’re building,” Trudeau told company chairman Nelson Chang last November. Chang said he was thrilled to have the the green energy initiative in Maple Ridge. “We believe that CO2 reduction is absolutely the key to success for all future businesses.” The company recently opened a new production plant in Taiwan.

Pro Picks is a weekly column where AP Pro Football Writer Rob Maaddi shares his picks for upcoming games. For all previous Pro Picks, head here . Playoff berths, draft positioning and more are up for grabs in Week 17. There’s going to be plenty of football on television this holiday week with the NFL playing games on five out of six days, starting with a doubleheader on Christmas Day featuring four of the AFC’s top five teams. Patrick Mahomes and the two-time defending Super Bowl champion Kansas City Chiefs visit Russell Wilson and the Pittsburgh Steelers on Wednesday. Then, two-time NFL MVP Lamar Jackson and the Baltimore Ravens take on C.J. Stroud and the Houston Texans. The Bears host the Seahawks on Thursday night and there are three games on Saturday, making Sunday’s schedule light at nine games. The Lions-49ers wrap up the weekend on Monday night. Pro Picks goes for another winning week. Line: Chargers minus 4 The Chargers would clinch a wild-card spot with a victory over the Patriots, who battled hard against the Bills. Los Angeles is 9-2 against the spread as favorites. Justin Herbert is 9-0 ATS in the Eastern time zone in his career. The Patriots have lost eight straight home games in December. BEST BET: CHARGERS: 23-16 Line: Bengals minus 3 Joe Burrow and the Bengals have to win to keep their slim playoff hopes alive. They’re favorites for the 12th time this season despite a losing record. The Broncos would clinch a wild-card berth with a win. They’re 11-4 ATS. UPSET SPECIAL: BRONCOS: 23-22 Line: Chiefs minus 3 The Chiefs can set a franchise record for wins in the regular season and wrap up the No. 1 seed along with home-field advantage throughout the AFC playoffs as they continue their quest for a third straight Super Bowl title. Kansas City got another playmaker when wide receiver Marquise Brown made his season debut. Mahomes is 3-0 with 14 touchdowns and no interceptions in his career vs. Pittsburgh. The scuffling Steelers are trying to snap a two-game losing streak after missing an opportunity to clinch the AFC North. Wide receiver George Pickens should return from a hamstring injury and he’ll open up the passing game for Wilson and the offense. CHIEFS: 24-20 Line: Ravens minus 5 1/2 The Ravens have won five in a row over the Texans, including 34-10 in a divisional playoff game last season. Baltimore can move into first place in the AFC North with a win and loss by Pittsburgh. But Jackson and Derrick Henry face a tough challenge against Houston’s defense. Stroud and the Texans are reeling after losing receiver Tank Dell to a devastating knee injury. RAVENS: 23-19 Line: Seahawks minus 3 1/2 The Seahawks have to win to maintain slim playoff hopes. The Bears have lost nine straight. Geno Smith and Jaxon Smith-Njigba should have a big day against Chicago’s pass defense. SEAHAWKS: 26-20 Line: Rams minus 6 A four-game winning streak has the Rams on the verge of securing the NFC West. Los Angeles aims to avenge a lopsided loss to Arizona in Week 2. The Cardinals were eliminated from the playoffs and are reduced to playing spoiler. With Kyren Williams leading the rushing attack, the Rams don’t have to rely on Matthew Stafford’s passing as much. RAMS: 26-16 Line: Bills minus 10 The Bills will know going in if they have a shot at the AFC’s No. 1 seed. If the Chiefs beat the Steelers and lock it up, Buffalo’s main priority will be keeping Josh Allen and everyone healthy. Still, they can rest in Week 18. After a subpar effort against the Patriots, the Bills can’t take Aaron Rodgers and the Jets lightly. BILLS: 27-16 Line: Raiders minus 1 The Raiders already hurt their draft positioning by beating the Jaguars last week. Another win could further knock them down and negatively impact their quest for a franchise quarterback. But coach Antonio Pierce wants to win and the players don’t care about draft slots. The Saints can’t get to the end of the season fast enough. RAIDERS: 20-16 Line: Buccaneers minus 8 The Panthers have embraced the spoiler role and coach Dave Canales will try to derail his former team’s playoff hopes. Bryce Young keeps improving and Chuba Hubbard is having a career year. The Buccaneers would’ve lost to Carolina last month if Hubbard didn’t fumble in overtime. Baker Mayfield and a turnover-prone offense have to overcome a depleted defense that couldn’t stop Cooper Rush and the Cowboys. BUCCANEERS: 26-20 Line: Jaguars minus 1 The winner of this one really loses because it’ll be costly in the race for draft positioning. TITANS: 19-17 Line: Colts minus 8 The Giants have come too far to lose the No. 1 pick in the draft. The Colts are clinging to slim playoff hopes. Jonathan Taylor and Anthony Richardson combined for 308 yards and four TDs against the Titans. They could have similar results against New York. COLTS: 27-16 Line: Eagles minus 9 1/2 The Cowboys are left to play for a winning record after being eliminated from the playoff race. The Eagles still need a win to secure the NFC East, but are almost locked into the No. 2 seed. If Jalen Hurts can’t play because of a concussion, Dallas has a shot against Kenny Pickett. Saquon Barkley is 268 yards away from breaking Eric Dickerson’s single-season rushing record. He could have a big day facing the fifth-worst run defense in the NFL. EAGLES: 24-17 Line: Vikings minus 1 The Vikings are two wins away from the NFC’s No. 1 seed with Sam Darnold. Let that sink in. But those won’t be easy victories. Minnesota has to beat Green Bay and then Detroit on the road to win the NFC North and get home-field advantage throughout the playoffs. The Vikings defeated the Packers 31-29 in Green Bay in September. They’re getting the Packers on short rest off a Monday night rout. The Vikings have been overlooked and underrated. This is a statement game. VIKINGS: 27-22 Line: Dolphins minus 6 1/2 Tua Tagovailoa and the Dolphins still have slim playoff changes and get an opportunity to win a game in cold weather. A loss helps the Browns hold onto a top-five pick in the draft. DOLPHINS: 25-16 Line: Commanders minus 4 The Falcons regained control of their NFC South hopes when the Buccaneers lost. Now, they have a tough test against the Commanders with Michael Penix Jr. making his second start facing off against Jayden Daniels in another matchup between rookie QBs. Daniels beat Caleb Williams and the Bears earlier this season on a Hail Mary. Washington clinches a playoff berth with a win or a loss by Tampa Bay. COMMANDERS: 24-23 Line: Lions minus 4 The Lions aim to avenge their loss in the NFC championship game, though this matchup lost its luster because the 49ers are eliminated from the playoff race. Detroit clinches the NFC’s No. 1 seed with a win if the Packers beat the Vikings. If Minnesota beats Green Bay, the Lions have to beat the Vikings in Week 18 to win the division and secure the top seed so the result against San Francisco won’t matter. In that case, Dan Campbell could choose to rest some of his starters in preparation for a winner-take-all regular-season finale. LIONS: 26-23 Last week: 12-4. Against spread: 8-7-1 Overall: Straight up: 168-72. Against spread: 131-105-4. Prime-time: Straight up: 39-14. Against spread: 29-23-1. Best Bet: Straight up: 9-7. Against spread: 8-8. Upset Special: Straight up: 9-7. Against spread: 9-7. AP NFL: https://apnews.com/hub/nflIsraeli strikes on a Gaza tent camp kill at least 21 people, hospital saysThe AP Top 25 men’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . WASHINGTON (AP) — Carmelo Pacheco’s 18 points helped Mount St. Mary’s defeat Howard 79-75 on Saturday. Pacheco shot 6 for 8 from beyond the arc for the Mountaineers (5-2). Dallas Hobbs shot 5 of 16 from the field, including 1 for 8 from 3-point range, and went 6 for 7 from the line to add 17 points. Terrell Ard Jr. had 16 points and shot 4 of 6 from the field and 8 of 8 from the free-throw line. Anwar Gill finished with 18 points for the Bison (3-5). Blake Harper added 15 points, seven rebounds and two steals for Howard. Joshua Strong also had 12 points. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .

(BPT) - Consumers are facing increasing costs on virtually every purchase these days and auto insurance is no exception. While skyrocketing costs of this auto-related expense can be attributed to everything from parts replacement to service — even health costs as a result of accidents — consumers can better manage these increases with thoughtful study and attention to detail. Some of the common causes for higher insurance rates are Inflation, car accidents, extreme weather conditions such as hail, hurricanes and wind, along with increased vehicle theft claims. Mercury Insurance has partnered with financial literacy influencer Sam Jarman to highlight specific ways consumers can address these rising costs. "Your car is the second biggest expense for most people, right behind your home, and car insurance is a big part of that," said Jarman. "Checking rates and coverage with your Mercury Insurance agent makes sense along with choosing a car with low maintenance costs." According to Consumer Price Index data released earlier this year, car insurance rates are up almost 21% year-over-year for the 12 months which ended in February. The last time car insurance rates rose that much on an annual basis was 1976. Here are some auto insurance statistics recently released from Forbes : "Our goal is to help our customers get the best rates possible because we know that every dollar counts." said Justin Yoshizawa, Director, Product Management, State. "We encourage consumers to build a close relationship with their agent and discuss what discounts they may be eligible to receive. The answer might be surprising." Mercury offers the following tips for lowering your insurance costs: Review your deductibles with your insurance agent – It is recommended that you review your coverage and deductible with your Mercury agent at least once a year. Their wisdom and experience can help you make wise decisions regarding your insurance. Explore car insurance discounts – In addition to bundling your home and auto insurance, Mercury offers discounts for multi-car, good drivers, good students and auto pay. Your agent may have additional discounts to offer. Let Your Insurer Track Your Driving – Most insurers offer discounts for customers who install telematics. This technology allows your insurance company to collect information regarding your mileage and driving habits. This can also provide valuable information regarding your driving as well as saving you money. Drive a safe car with low repair costs – According to Bankrate , some of the cheapest cars to insure are the Subaru Outback, Honda CR-V and Honda Pilot. Also, look for cars with lower repair costs such as the Toyota Corolla, Toyota Prius and Tesla Model 3. Doing some research before you purchase a vehicle can save you money over the length of ownership. Install an anti-theft device on your car – Drivers may receive an additional discount on your auto insurance if you install an anti-theft device on your car. Before you buy a car, compare insurance costs – You can get a fast and easy quote from your Mercury Insurance agent. To receive a quote, you can reach us at 844-514-2893. To learn more about common types of auto insurance discounts, visit https://www.mercuryinsurance.com/resources/auto/understanding-types-of-auto-insurance-discounts.html . For more information on your auto insurance, you can reference the Insurance Information Institute .Ruud van Nistelrooy enjoys winning start with Leicester

CELH Investors Have Opportunity to Lead Celsius Holdings, Inc. Securities Fraud LawsuitIntech Investment Management LLC Decreases Stake in MSA Safety Incorporated (NYSE:MSA)

Ruben Amorim warned “the storm will come” eventually as Manchester United’s head coach tried to temper expectations ahead of the trip to Arsenal. The 39-year-old has been a breath of fresh air since succeeding Erik ten Hag, with his personality and approach, coupled with promising early performances, bringing hope back to Old Trafford. Amorim has been touched by his warm welcome but repeatedly urged fans to avoid jumping the gun, having followed a draw at Ipswich with home wins against Bodo/Glimt and Everton. Wednesday’s trip to Arsenal is comfortably his biggest challenge yet and victory would see United move within three points of the Premier League title contenders. Put to Amorim it will be hard to manage expectations if they won in the capital, the head coach said: “I would like to say different things, but I have to say it again: the storm will come. “I don’t know if you use that expression, but we are going to have difficult moments and we will be found out in some games. “And I know that because I’m knowing my players and I know football and I follow football, so I understand the difference between the teams. “We are in the point in that we are putting simple things in the team, without training, and you feel it in this game against Everton, they change a little bit the way they were building up. “They are very good team, and we were with a lot of problems because we cannot change it by calling one thing to the captain. A midweek trip to the capital awaits 🚆 #MUFC || #PL pic.twitter.com/1e6VrILJW3 — Manchester United (@ManUtd) December 3, 2024 “So, we don’t have this training, so let’s focus on each game, on the performance, what we have to improve, trying to win games. And that is the focus. “I know it’s really hard to be a Manchester United coach and say these things in press conferences. We want to win all the time. No matter what. “We are going to try to win, but we know that we are in a different point if you compare to Arsenal. “So, it is what it is and we will try to win it and we go with confidence to win, but we know that we need to play very well to win the next football match.” The trip to Arsenal is the second of nine December matches for United, who are looking to avoid suffering four straight league defeats to the Gunners for the first time. The Red Devils have not won a Premier League match at the Emirates Stadium since 2017, but Amorim knows a thing or two about frustrating Mikel Arteta’s men. Arsenal thrashed Sporting Lisbon 5-1 in the Champions League last week, but in 2022-23 he led the Portuguese side to a Europa League last-16 penalty triumph after a 1-1 draw in London made it 3-3 on aggregate. “Arsenal this year, they play a little bit different,” Amorim said. “They are more fluid. “For example, two years ago when we faced them with Sporting, you knew how to press because you can understand better the structure. “Now it’s more fluid with (Riccardo) Calafiori and (Jurrien) Timber in different sides. One coming inside, the other going outside. Also (Martin) Odegaard changed the team, and you can feel it during this season. “So, you can take something from that game, especially because I know so well the opponent so you can understand the weakness of that team. “But every game is different, so you take something, but you already know that you are going to face a very good team.” This hectic winter schedule means Amorim sidestepped talk of January transfer business ahead of facing Arsenal, although he was more forthcoming on Amad Diallo’s future. The 22-year-old, who put in a man of the match display in Sunday’s 4-0 win against Everton, is out of contract at the end of the season, although the club holds an option to extend by a year. Diallo has repeatedly spoken of his desire to stay at United and it has been reported an agreement is close. Amorim said: “I think he wants to stay, and we want him to stay. So that is clear and we will find a solution.”FLORHAM PARK, N.J. (AP) — New York Jets running back Breece Hall could play Sunday at Jacksonville after missing a game with a knee injury. Hall has been dealing with a hyperextension and injured MCL in his left knee that sidelined him last Sunday at Miami. But he was a full participant at practice Friday after sitting out Wednesday and Thursday. Hall was officially listed as questionable on the team's final injury report. “He looks good right now,” interim coach Jeff Ulbrich said. “So it’s promising.” Hall leads the Jets with 692 yards rushing and four touchdown runs, and he also has 401 yards receiving and two scores on 46 catches. A pair of rookies helped New York offset Hall's absence last weekend, with Braelon Allen rushing for 43 yards on 11 carries, and Isaiah Davis getting 40 yards on 10 attempts and scoring his first rushing touchdown. “We’re hopeful and we’ll see how it goes,” Ulbrich said of Hall. The Jets will get star cornerback Sauce Gardner back after he missed a game with a hamstring injury, but New York's secondary appears likely to be without cornerback D.J. Reed because of a groin injury. Reed was listed as doubtful after he didn't practice Thursday or Friday. “It’s been something that’s kind of lingered here and there,” Ulbrich said. “It’s gotten aggravated and then it went away, and then it got aggravated again. So, it’s just dealing with that.” Backup Brandin Echols is out with a shoulder injury, so veteran Isaiah Oliver or rookie Qwan'tez Stiggers could get the start opposite Gardner if Reed can't play. Kendall Sheffield also could be elevated from the practice squad for the second game in a row. Ulbrich said kick returner Kene Nwangwu will be placed on injured reserve after breaking a hand last weekend at Miami. The injury came a week after he was selected the AFC special teams player of the week in his Jets debut, during which he returned a kickoff 99 yards for a touchdown and forced a fumble in a loss to Seattle. “To put him out there with a broken hand, just thought it’d be counterproductive for him and for us as a team, so it unfortunately cuts the season short and what a bright light he was,” Ulbrich said. “What an amazing future I think he has in this league. With saying that, he’s already been a really good player for quite a while, so (it's) unfortunate, but he’ll be back.” Offensive lineman Xavier Newman (groin) is doubtful, while right guard Alijah Vera-Tucker (ankle) and RT Morgan Moses (wrist) are questionable. AP NFL: https://apnews.com/hub/NFLSamsung Galaxy S24 5G drops to its lowest price at Amazon Black Friday Sale

WASHINGTON (AP) — Carmelo Pacheco's 18 points helped Mount St. Mary's defeat Howard 79-75 on Saturday. Pacheco shot 6 for 8 from beyond the arc for the Mountaineers (5-2). Dallas Hobbs shot 5 of 16 from the field, including 1 for 8 from 3-point range, and went 6 for 7 from the line to add 17 points. Terrell Ard Jr. had 16 points and shot 4 of 6 from the field and 8 of 8 from the free-throw line. Anwar Gill finished with 18 points for the Bison (3-5). Blake Harper added 15 points, seven rebounds and two steals for Howard. Joshua Strong also had 12 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .SAN FRANCISCO--(BUSINESS WIRE)--Dec 3, 2024-- Salesforce (NYSE: CRM), the #1 AI CRM, today announced results for its third quarter fiscal 2025 ended October 31, 2024. Third Quarter Highlights Third Quarter Revenue of $9.44 Billion, up 8% both Year-Over-Year ("Y/Y") & in Constant Currency ("CC"), inclusive of Subscription & Support Revenue of $8.88 Billion, up 9% both Y/Y & in CC Third Quarter GAAP Diluted Net Income Per Share was $1.58 and non-GAAP Diluted Net Income Per Share was $2.41. GAAP and non-GAAP Diluted Net Income Per Share were Impacted by Losses on Strategic Investments of $(0.17) and $(0.18), Respectively Third Quarter GAAP Operating Margin of 20.0% and non-GAAP Operating Margin of 33.1% Current Remaining Performance Obligation of $26.4 Billion, up 10% both Y/Y & in CC Third Quarter Operating Cash Flow of $1.98 Billion, up 29% Y/Y, and Free Cash Flow of $1.78 Billion, up 30% Y/Y Returned $1.2 Billion in the Form of Share Repurchases and $0.4 Billion in Dividend Payments to Stockholders, Third Quarter Total Cash Returned to Stockholders of $1.6 Billion FY25 Guidance Highlights Initiates Fourth Quarter FY25 Revenue Guidance of $9.90 Billion - $10.10 Billion, up 7% - 9% Y/Y Raises Low End of Full Year FY25 Revenue Guidance to $37.8 Billion to $38.0 Billion, up 8% - 9% Y/Y and Maintains Full Year FY25 Subscription & Support Revenue Growth Guidance of Slightly Below 10% Y/Y & Approximately 10% in CC Raises Full Year FY25 GAAP Operating Margin Guidance to 19.8% and Raises non-GAAP Operating Margin Guidance to 32.9% Raises Full Year FY25 Operating Cash Flow Growth Guidance to 24% to 26% Y/Y "We delivered another quarter of exceptional financial performance across revenue, margin, cash flow, and cRPO,” said Marc Benioff, Chair and CEO, Salesforce. “Agentforce, our complete AI system for enterprises built into the Salesforce Platform, is at the heart of a groundbreaking transformation. The rise of autonomous AI agents is revolutionizing global labor, reshaping how industries operate and scale. With Agentforce, we’re not just witnessing the future—we’re leading it, unleashing a new era of digital labor for every business and every industry." “We continue to drive disciplined profitable growth with third quarter GAAP operating margin of 20.0%, up 280 basis points year-over-year, and non-GAAP operating margin of 33.1%, up 190 basis points year-over-year,” said Amy Weaver, President and CFO of Salesforce. “To date, our total capital returns have surpassed $20 billion and we remain focused on driving shareholder value.” Third Quarter Notes Net Income Per Share: Third quarter GAAP diluted net income per share was $1.58 and non-GAAP diluted net income per share was $2.41. During the three months ended October 31, 2024, losses on strategic investments impacted GAAP diluted net income per share by $(0.17) on a U.S. tax rate of 24.5% and non-GAAP diluted net income per share by $(0.18) on a non-GAAP tax rate of 22.0%. Guidance Our guidance includes GAAP and non-GAAP financial measures. Q4 FY25 Guidance 5 Full Year FY25 Guidance 5 Total Revenue $9.90 - $10.10 Billion $37.8 - $38.0 Billion Y/Y Growth 7 - 9% 8 - 9% FX Impact (1) ($25M) Y/Y FX ($100M) Y/Y FX Subscription & Support Revenue Growth (Y/Y) (2)(3) N/A Slightly below 10%, Approx 10% CC GAAP Operating Margin N/A 19.8% Non-GAAP Operating Margin (3) N/A 32.9% GAAP Diluted Net Income per Share (3) $1.55 - $1.60 $6.15 - $6.20 Non-GAAP Diluted Net Income per Share (3) $2.57 - $2.62 $9.98 - $10.03 Operating Cash Flow Growth (Y/Y) N/A 24% to 26% Current Remaining Performance Obligation Growth (Y/Y) Approximately 9% N/A FX Impact (4) ($100M) Y/Y FX N/A (1) Revenue FX impact is calculated by taking the current period rates compared to the prior period average rates. (2) Subscription & Support revenue excludes professional services revenue. (3) Non-GAAP CC revenue growth, non-GAAP operating margin and non-GAAP Diluted net income per share are non-GAAP financial measures. See below for an explanation of non-GAAP financial measures. The Company's shares used in computing GAAP Diluted net income per share guidance and non-GAAP Diluted net income per share guidance excludes any impact to share count from potential Q4 FY25 repurchase activity under our share repurchase program. (4) Current Remaining Performance Obligation FX impact is calculated by taking the current period rates compared to the prior period ending rates. (5) Guidance assumes contributions from acquisitions of Zoomin Software Ltd. and Own Data Company Ltd., which closed in November 2024. The following is a reconciliation of GAAP operating margin guidance to non-GAAP operating margin guidance for the full year: Full Year FY25 Guidance GAAP operating margin (1) 19.8% Plus Amortization of purchased intangibles (2) 4.3% Stock-based compensation expense (2)(3) 8.4% Restructuring (2)(3) 0.4% Non-GAAP operating margin (1) 32.9% (1) GAAP operating margin is the proportion of GAAP income from operations as a percentage of GAAP revenue. Non-GAAP operating margin is the proportion of non-GAAP income from operations as a percentage of GAAP revenue. (2) The percentages shown above have been calculated based on the midpoint of the low and high ends of the revenue guidance for full year FY25. (3) The percentages shown in the restructuring line have been calculated based on charges associated with the Company's restructuring initiatives. Stock-based compensation expense excludes stock-based compensation expense related to the Company's restructuring initiatives, which is included in the restructuring line. The following is a per share reconciliation of GAAP diluted net income per share to non-GAAP diluted net income per share guidance for the next quarter and the full year: Fiscal 2025 Q4 FY25 GAAP diluted net income per share range (1)(2) $1.55 - $1.60 $6.15 - $6.20 Plus Amortization of purchased intangibles $ 0.36 $ 1.66 Stock-based compensation expense $ 0.83 $ 3.27 Restructuring (3) $ 0.01 $ 0.17 Less Income tax effects and adjustments (4) $ (0.18 ) $ (1.27 ) Non-GAAP diluted net income per share (2) $2.57 - $2.62 $9.98 - $10.03 Shares used in computing basic net income per share (millions) (5) 960 962 Shares used in computing diluted net income per share (millions) (5) 978 975 (1) The Company's GAAP tax provision is expected to be approximately 26.0% for the three months ended January 31, 2025 and approximately 20.0% for the year ended January 31, 2025. The GAAP tax rates may fluctuate due to discrete tax items and related effects in conjunction with certain provisions in the Tax Cuts and Jobs Act, future acquisitions or other transactions. (2) The Company's projected GAAP and non-GAAP diluted net income per share assumes no change to the value of our strategic investment portfolio as it is not possible to forecast future gains and losses. The impact of future gains or losses from the Company’s strategic investment portfolio could be material. (3) The estimated impact to GAAP diluted net income per share is in connection with the Company's restructuring initiatives. (4) The Company’s non-GAAP tax provision uses a long-term projected tax rate of 22.0%, which reflects currently available information and could be subject to change. (5) The Company's shares used in computing GAAP net income per share guidance and non-GAAP net income per share guidance excludes any impact to share count from potential Q4 FY25 repurchase activity under our share repurchase program. For additional information regarding non-GAAP financial measures see the reconciliation of results and related explanations below. Management will provide further commentary around these guidance assumptions on its earnings call. Product Releases and Enhancements Three times a year Salesforce delivers new product releases, services, or enhancements to current products and services. These releases are a result of significant research and development investments made over multiple years, designed to help customers drive cost savings, boost efficiency, and build trust. To view our major product releases and other highlights as part of the Winter 2025 Product Release, visit: www.salesforce.com/products/innovation/winter-25-release . Environmental, Social, and Governance (ESG) Strategy To learn more about our latest initiatives and priorities, review our Stakeholder Impact Report: https://salesforce.com/stakeholder-impact-report . Quarterly Conference Call Salesforce plans to host a conference call at 2:00 p.m. (PT) / 5:00 p.m. (ET) to discuss its financial results with the investment community. A live webcast and replay details of the event will be available on the Salesforce Investor Relations website at www.salesforce.com/investor . About Salesforce Salesforce helps organizations of any size reimagine their business for the world of AI. With Agentforce, Salesforce's trusted platform, organizations can bring humans together with agents to drive customer success—powered by AI, data, and action. Visit www.salesforce.com for more information. "Safe harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements about the Company's financial and operating results and guidance, which include, but are not limited to, expected GAAP and non-GAAP financial and other operating and non-operating results, including revenue, net income, net income per share, operating cash flow growth, operating margin, expected revenue growth, expected foreign currency exchange rate impact, expected current remaining performance obligation growth, expected tax rates or provisions, stock-based compensation expenses, amortization of purchased intangibles, shares outstanding, market growth, strategic investments, expected restructuring expense or charges and expected timing of product releases and enhancements. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, the Company’s results or outcomes could differ materially and adversely from those expressed or implied by our forward-looking statements. Readers are cautioned not to place undue reliance on such forward-looking statements. The risks and uncertainties referred to above include -- but are not limited to -- risks associated with: our ability to maintain sufficient security levels and service performance, avoid downtime and prevent, detect and remediate performance degradation and security breaches; our ability to secure sufficient data center capacity; our reliance on third-party infrastructure providers, including hardware, software and platform providers and the organizations responsible for the development and maintenance of the infrastructure of the Internet; uncertainties regarding AI technologies and their integration into our product offerings; our ability to achieve our aspirations, goals and projections related to our environmental, social and governance (“ESG”) initiatives; the effect of evolving government regulations, including those related to our industry and providing services on or accessing the Internet, and those addressing ESG matters, data privacy, cybersecurity, cross-border data transfers, government contracting and procurement, and import and export controls; current and potential litigation and regulatory investigations involving us or our industry; our ability to successfully expand or introduce new services and product features, including related to AI and Agentforce; our ability to successfully complete, integrate and realize the benefits from acquisitions or other strategic transactions; uncertainties regarding the pace of change and innovation and our ability to compete in the markets in which we participate; our ability to successfully execute our business strategy and our business plans, including efforts to expand internationally and related risks; our ability to predict and meet expectations regarding our operating results and cash flows, including revenue and remaining performance obligation, including as a result of the seasonal nature of our sales cycle and the variability in our results arising from the accounting for term license revenue products and some complex transactions; our ability to predict and limit customer attrition and costs related to those efforts; the demands on our personnel and infrastructure resulting from significant growth in our customer base and operations, including as a result of acquisitions; our real estate and office facilities strategy and related costs and uncertainties; the performance of our strategic investment portfolio, including fluctuations in the fair value of our investments; our ability to protect our intellectual property rights; our ability to maintain and enhance our brands; uncertainties regarding the valuation and potential availability of certain tax assets; the impact of new accounting pronouncements and tax laws; uncertainties affecting our ability to estimate our tax rate, including our tax obligations in connection with potential jurisdictional transfer of intellectual property; uncertainties regarding the effect of geopolitical events, inflationary pressures, market and macroeconomic volatility, financial institution instability, changes in monetary policy, foreign currency exchange rate and interest rate fluctuations, a potential shutdown of the U.S. federal government and climate change, natural disasters and actual or threatened public health emergencies on our workforce, business, and operating results; uncertainties regarding the impact of expensing stock options and other equity awards; the sufficiency of our capital resources, including our ability to execute our share repurchase program and declare future cash dividends; our ability to comply with our debt covenants and lease obligations; and uncertainties regarding impacts to our workforce and workplace culture, such as those arising from our current and future office environments or remote work policies or our ability to realize the expected benefits of the restructuring plan. Further information on these and other factors that could affect the Company’s actual results or outcomes is included in the reports on Forms 10-K, 10-Q and 8-K and in other filings it makes with the Securities and Exchange Commission from time to time. These documents are available on the SEC Filings section of the Financials section of the Company’s website at http://investor.salesforce.com/financials/ . Salesforce, Inc. assumes no obligation and does not intend to revise or update publicly any forward-looking statements for any reason, except as required by law. © 2024 Salesforce, Inc. All rights reserved. Salesforce and other marks are trademarks of Salesforce, Inc. Other brands featured herein may be trademarks of their respective owners. Salesforce, Inc. Condensed Consolidated Statements of Operations (in millions, except per share data) (Unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenues: Subscription and support $ 8,879 $ 8,141 $ 26,228 $ 23,789 Professional services and other 565 579 1,674 1,781 Total revenues 9,444 8,720 27,902 25,570 Cost of revenues (1)(2): Subscription and support 1,501 1,571 4,617 4,596 Professional services and other 604 584 1,809 1,797 Total cost of revenues 2,105 2,155 6,426 6,393 Gross profit 7,339 6,565 21,476 19,177 Operating expenses (1)(2): Research and development 1,356 1,204 4,073 3,631 Sales and marketing 3,323 3,173 9,786 9,440 General and administrative 711 632 2,069 1,902 Restructuring 56 55 163 815 Total operating expenses 5,446 5,064 16,091 15,788 Income from operations 1,893 1,501 5,385 3,389 Losses on strategic investments, net (217 ) (72 ) (217 ) (242 ) Other income 70 58 282 158 Income before provision for income taxes 1,746 1,487 5,450 3,305 Provision for income taxes (219 ) (263 ) (961 ) (615 ) Net income $ 1,527 $ 1,224 $ 4,489 $ 2,690 Basic net income per share $ 1.60 $ 1.26 $ 4.66 $ 2.76 Diluted net income per share (3) $ 1.58 $ 1.25 $ 4.60 $ 2.73 Shares used in computing basic net income per share 956 972 963 976 Shares used in computing diluted net income per share 965 981 975 985 (1) Amounts include amortization of intangible assets acquired through business combinations, as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of revenues $ 131 $ 245 $ 600 $ 743 Sales and marketing 223 223 669 668 (2) Amounts include stock-based compensation expense, as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of revenues $ 135 $ 109 $ 386 $ 324 Research and development 278 238 814 735 Sales and marketing 312 275 911 815 General and administrative 95 71 267 223 Restructuring 0 0 2 16 (3) During the three months ended October 31, 2024 and 2023, losses on strategic investments impacted GAAP diluted net income per share by $(0.17) and $(0.06) based on a U.S. tax rate of 24.5%, and non-GAAP diluted net income per share by $(0.18) and $(0.06) based on a non-GAAP tax rate of 22.0% and 23.5%, respectively. During the nine months ended October 31, 2024 and 2023, losses on strategic investments impacted GAAP diluted net income per share by $(0.17) and $(0.19) based on a U.S. tax rate of 24.5%, and non-GAAP diluted net income per share by $(0.17) and $(0.19) based on a non-GAAP tax rate of 22.0% and 23.5%, respectively. Salesforce, Inc. Condensed Consolidated Statements of Operations (As a percentage of total revenues) (Unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenues: Subscription and support 94 % 93 % 94 % 93 % Professional services and other 6 7 6 7 Total revenues 100 100 100 100 Cost of revenues (1)(2): Subscription and support 16 18 17 18 Professional services and other 6 7 6 7 Total cost of revenues 22 25 23 25 Gross profit 78 75 77 75 Operating expenses (1)(2): Research and development 14 14 15 14 Sales and marketing 35 36 35 37 General and administrative 8 7 7 8 Restructuring 1 1 1 3 Total operating expenses 58 58 58 62 Income from operations 20 17 19 13 Losses on strategic investments, net (3 ) (1 ) 0 (1 ) Other income 1 1 1 1 Income before provision for income taxes 18 17 20 13 Provision for income taxes (2 ) (3 ) (4 ) (2 ) Net income 16 % 14 % 16 % 11 % (1) Amounts include amortization of intangible assets acquired through business combinations as a percentage of total revenues, as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of revenues 2 % 3 % 2 % 3 % Sales and marketing 2 2 3 3 (2) Amounts include stock-based compensation expense as a percentage of total revenues, as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of revenues 2 % 1 % 2 % 1 % Research and development 3 3 3 3 Sales and marketing 3 3 3 3 General and administrative 1 1 1 1 Restructuring 0 0 0 0 Salesforce, Inc. Condensed Consolidated Balance Sheets (in millions) October 31, 2024 January 31, 2024 Assets (unaudited) Current assets: Cash and cash equivalents $ 7,997 $ 8,472 Marketable securities 4,760 5,722 Accounts receivable, net 4,741 11,414 Costs capitalized to obtain revenue contracts, net 1,836 1,905 Prepaid expenses and other current assets 2,091 1,561 Total current assets 21,425 29,074 Property and equipment, net 3,416 3,689 Operating lease right-of-use assets, net 2,167 2,366 Noncurrent costs capitalized to obtain revenue contracts, net 2,121 2,515 Strategic investments 4,845 4,848 Goodwill 49,093 48,620 Intangible assets acquired through business combinations, net 4,119 5,278 Deferred tax assets and other assets, net 4,209 3,433 Total assets $ 91,395 $ 99,823 Liabilities and stockholders’ equity Current liabilities: Accounts payable, accrued expenses and other liabilities $ 5,331 $ 6,111 Operating lease liabilities, current 572 518 Unearned revenue 13,472 19,003 Debt, current 0 999 Total current liabilities 19,375 26,631 Noncurrent debt 8,432 8,427 Noncurrent operating lease liabilities 2,420 2,644 Other noncurrent liabilities 2,643 2,475 Total liabilities 32,870 40,177 Stockholders’ equity: Common stock 1 1 Treasury stock, at cost (19,414 ) (11,692 ) Additional paid-in capital 63,114 59,841 Accumulated other comprehensive loss (225 ) (225 ) Retained earnings 15,049 11,721 Total stockholders’ equity 58,525 59,646 Total liabilities and stockholders’ equity $ 91,395 $ 99,823 Salesforce, Inc. Condensed Consolidated Statements of Cash Flows (in millions) (Unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Operating activities: Net income $ 1,527 $ 1,224 $ 4,489 $ 2,690 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization (1) 814 862 2,600 3,006 Amortization of costs capitalized to obtain revenue contracts, net 525 482 1,568 1,428 Stock-based compensation expense 820 693 2,380 2,113 Losses on strategic investments, net 217 72 217 242 Changes in assets and liabilities, net of business combinations: Accounts receivable, net 655 550 6,681 5,905 Costs capitalized to obtain revenue contracts, net (430 ) (300 ) (1,105 ) (906 ) Prepaid expenses and other current assets and other assets (272 ) (407 ) (1,263 ) (750 ) Accounts payable and accrued expenses and other liabilities 32 172 (503 ) (1,607 ) Operating lease liabilities (144 ) (139 ) (387 ) (474 ) Unearned revenue (1,761 ) (1,677 ) (5,555 ) (4,816 ) Net cash provided by operating activities 1,983 1,532 9,122 6,831 Investing activities: Business combinations, net of cash acquired (179 ) (82 ) (517 ) (82 ) Purchases of strategic investments (67 ) (103 ) (374 ) (390 ) Sales of strategic investments 13 80 118 102 Purchases of marketable securities (1,239 ) (661 ) (5,041 ) (2,827 ) Sales of marketable securities 554 315 3,652 1,117 Maturities of marketable securities 905 563 2,439 1,810 Capital expenditures (204 ) (166 ) (504 ) (589 ) Net cash used in investing activities (217 ) (54 ) (227 ) (859 ) Financing activities: Repurchases of common stock (1,285 ) (1,925 ) (7,753 ) (5,928 ) Proceeds from employee stock plans 321 274 1,056 1,085 Principal payments on financing obligations (100 ) (114 ) (505 ) (506 ) Repayments of debt 0 0 (1,000 ) (1,182 ) Payments of dividends (382 ) 0 (1,154 ) 0 Net cash used in financing activities (1,446 ) (1,765 ) (9,356 ) (6,531 ) Effect of exchange rate changes (5 ) (32 ) (14 ) (4 ) Net increase (decrease) in cash and cash equivalents 315 (319 ) (475 ) (563 ) Cash and cash equivalents, beginning of period 7,682 6,772 8,472 7,016 Cash and cash equivalents, end of period $ 7,997 $ 6,453 $ 7,997 $ 6,453 (1) Includes amortization of intangible assets acquired through business combinations, depreciation of fixed assets and amortization and impairment of right-of-use assets. Salesforce, Inc. Additional Metrics (Unaudited) Supplemental Revenue Analysis Remaining Performance Obligation Remaining performance obligation ("RPO") represents contracted revenue that has not yet been recognized, which includes unearned revenue and unbilled amounts that will be recognized as revenue in future periods. RPO is influenced by several factors, including seasonality, the timing of renewals, the timing of term license deliveries, average contract terms and foreign currency exchange rates. Remaining performance obligation is also impacted by acquisitions. Unbilled portions of RPO denominated in foreign currencies are revalued each period based on the period end exchange rates. The portion of RPO that is unbilled is not recorded on the condensed consolidated balance sheets. RPO consisted of the following (in billions): Current Noncurrent Total As of October 31, 2024 $ 26.4 $ 26.7 $ 53.1 As of July 31, 2024 26.5 27.0 53.5 As of April 30, 2024 26.4 27.5 53.9 As of January 31, 2024 27.6 29.3 56.9 As of October 31, 2023 23.9 24.4 48.3 Unearned Revenue Unearned revenue represents amounts that have been invoiced in advance of revenue recognition and is recognized as revenue when transfer of control to customers has occurred or services have been provided. The change in unearned revenue was as follows (in millions): Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Unearned revenue, beginning of period $ 15,222 $ 14,237 $ 19,003 $ 17,376 Billings and other (1) 7,620 6,876 22,158 20,536 Contribution from contract asset 63 167 189 218 Revenue recognized over time (9,023 ) (8,249 ) (26,446 ) (24,264 ) Revenue recognized at a point in time (421 ) (471 ) (1,456 ) (1,306 ) Unearned revenue from business combinations 11 4 24 4 Unearned revenue, end of period $ 13,472 $ 12,564 $ 13,472 $ 12,564 (1) Other includes, for example, the impact of foreign currency translation. Disaggregation of Revenue Subscription and Support Revenue by the Company's service offerings Subscription and support revenues consisted of the following (in millions): Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Sales $ 2,119 $ 1,906 $ 6,188 $ 5,611 Service 2,288 2,074 6,727 6,087 Platform and Other 1,825 1,686 5,329 4,891 Marketing and Commerce 1,334 1,230 3,924 3,638 Integration and Analytics (1) 1,313 1,245 4,060 3,562 $ 8,879 $ 8,141 $ 26,228 $ 23,789 (1) In the fourth quarter of fiscal 2024, the Company renamed the service offering previously referred to as Data to Integration and Analytics, which includes Mulesoft and Tableau. Total Revenue by Geographic Locations Revenues by geographical region consisted of the following (in millions): Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Americas $ 6,220 $ 5,862 $ 18,483 $ 17,113 Europe 2,228 1,998 6,557 5,923 Asia Pacific 996 860 2,862 2,534 $ 9,444 $ 8,720 $ 27,902 $ 25,570 Constant Currency Growth Rates Subscription and support revenues constant currency growth rates by the Company's service offerings were as follows: Three Months Ended O ctober 31, 2024 C ompared to Three Months E nded October 31, 2023 Three Months Ended J uly 31, 2024 C ompared to Three Months E nded July 31, 2023 Three Months Ended O ctober 31, 2023 C ompared to Three Months E nded October 31, 2022 Sales 11% 10% 10% Service 10% 11% 11% Platform and Other 8% 10% 11% Marketing and Commerce 8% 7% 8% Integration and Analytics (1) 5% 14% 22% Total growth 9% 10% 12% (1) In the fourth quarter of fiscal 2024, the Company renamed the service offering previously referred to as Data to Integration and Analytics, which includes Mulesoft and Tableau. Revenue constant currency growth rates by geographical region were as follows: Three Months Ended O ctober 31, 2024 C ompared to Three Months E nded October 31, 2023 Three Months Ended J uly 31, 2024 C ompared to Three Months E nded July 31, 2023 Three Months Ended O ctober 31, 2023 C ompared to Three Months E nded October 31, 2022 Americas 6% 8% 9% Europe 9% 11% 10% Asia Pacific 14% 16% 21% Total growth 8% 9% 10% Current remaining performance obligation constant currency growth rates were as follows: October 31, 2024 C ompared to O ctober 31, 2023 July 31, 2024 C ompared to J uly 31, 2023 October 31, 2023 C ompared to O ctober 31, 2022 Total growth 10% 11% 13% Salesforce, Inc. GAAP Results Reconciled to Non-GAAP Results The following tables reflect selected GAAP results reconciled to Non-GAAP results. (in millions, except per share data) (Unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Non-GAAP income from operations GAAP income from operations $ 1,893 $ 1,501 $ 5,385 $ 3,389 Plus: Amortization of purchased intangibles (1) 354 468 1,269 1,411 Stock-based compensation expense (2)(3) 820 693 2,378 2,097 Restructuring 56 55 163 815 Non-GAAP income from operations $ 3,123 $ 2,717 $ 9,195 $ 7,712 Non-GAAP operating margin as a percentage of revenues Total revenues $ 9,444 $ 8,720 $ 27,902 $ 25,570 GAAP operating margin (4) 20.0 % 17.2 % 19.3 % 13.3 % Non-GAAP operating margin (4) 33.1 % 31.2 % 33.0 % 30.2 % Non-GAAP net income GAAP net income $ 1,527 $ 1,224 $ 4,489 $ 2,690 Plus: Amortization of purchased intangibles (1) 354 468 1,269 1,411 Stock-based compensation expense (2)(3) 820 693 2,378 2,097 Restructuring 56 55 163 815 Income tax effects and adjustments (436 ) (372 ) (1,076 ) (1,177 ) Non-GAAP net income $ 2,321 $ 2,068 $ 7,223 $ 5,836 Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Non-GAAP diluted net income per share GAAP diluted net income per share $ 1.58 $ 1.25 $ 4.60 $ 2.73 Plus: Amortization of purchased intangibles (1) 0.37 0.48 1.30 1.43 Stock-based compensation expense (2)(3) 0.85 0.71 2.44 2.13 Restructuring 0.06 0.06 0.17 0.83 Income tax effects and adjustments (0.45 ) (0.39 ) (1.10 ) (1.19 ) Non-GAAP diluted net income per share $ 2.41 $ 2.11 $ 7.41 $ 5.93 Shares used in computing non-GAAP diluted net income per share 965 981 975 985 (1) Amortization of purchased intangibles was as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of revenues $ 131 $ 245 $ 600 $ 743 Sales and marketing 223 223 669 668 $ 354 $ 468 $ 1,269 $ 1,411 (2) Stock-based compensation expense, excluding stock-based compensation expense related to restructuring, was as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cost of revenues $ 135 $ 109 $ 386 $ 324 Research and development 278 238 814 735 Sales and marketing 312 275 911 815 General and administrative 95 71 267 223 $ 820 $ 693 $ 2,378 $ 2,097 (3) Stock-based compensation expense included in the GAAP to non-GAAP reconciliation tables above excludes stock-based compensation expense related to restructuring activities for each of the three months ended October 31, 2024 and 2023 of $0 million and for the nine months ended October 31, 2024 and 2023 of $2 million and $16 million, respectively, which are included in the restructuring line. (4) GAAP operating margin is the proportion of GAAP income from operations as a percentage of GAAP revenue. Non-GAAP operating margin is the proportion of non-GAAP income from operations as a percentage of GAAP revenue. Non-GAAP income from operations excludes the impact of the amortization of purchased intangibles, stock-based compensation expense and charges associated with the Company's restructuring activities. Salesforce, Inc. Computation of Basic and Diluted GAAP and Non-GAAP Net Income Per Share (in millions, except per share data) (Unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 GAAP Basic Net Income Per Share Net income $ 1,527 $ 1,224 $ 4,489 $ 2,690 Basic net income per share $ 1.60 $ 1.26 $ 4.66 $ 2.76 Shares used in computing basic net income per share 956 972 963 976 Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Non-GAAP Basic Net Income Per Share Non-GAAP net income $ 2,321 $ 2,068 $ 7,223 $ 5,836 Non-GAAP basic net income per share $ 2.43 $ 2.13 $ 7.50 $ 5.98 Shares used in computing non-GAAP basic net income per share 956 972 963 976 Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 GAAP Diluted Net Income Per Share Net income $ 1,527 $ 1,224 $ 4,489 $ 2,690 Diluted net income per share $ 1.58 $ 1.25 $ 4.60 $ 2.73 Shares used in computing diluted net income per share 965 981 975 985 Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Non-GAAP Diluted Net Income Per Share Non-GAAP net income $ 2,321 $ 2,068 $ 7,223 $ 5,836 Non-GAAP diluted net income per share $ 2.41 $ 2.11 $ 7.41 $ 5.92 Shares used in computing non-GAAP diluted net income per share 965 981 975 985 Supplemental Cash Flow Information Computation of Free Cash Flow, a Non-GAAP Measure (in millions) (Unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 GAAP net cash provided by operating activities $ 1,983 $ 1,532 $ 9,122 $ 6,831 Capital expenditures (204 ) (166 ) (504 ) (589 ) Free cash flow $ 1,779 $ 1,366 $ 8,618 $ 6,242 Non-GAAP Financial Measures: This press release includes information about non-GAAP operating margin, non-GAAP net income per share, non-GAAP tax rates, free cash flow, constant currency revenue, constant currency subscription and support revenue growth rate and constant currency current remaining performance obligation growth rates (collectively the “non-GAAP financial measures”). These non-GAAP financial measures are measurements of financial performance that are not prepared in accordance with U.S. generally accepted accounting principles and computational methods may differ from those used by other companies. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with the Company’s consolidated financial statements prepared in accordance with GAAP. Management uses both GAAP and non-GAAP measures when planning, monitoring and evaluating the Company’s performance. The primary purpose of using non-GAAP measures is to provide supplemental information that may prove useful to investors and to enable investors to evaluate the Company’s results in the same way management does. Management believes that supplementing GAAP disclosure with non-GAAP disclosure provides investors with a more complete view of the Company’s operational performance and allows for meaningful period-to-period comparisons and analysis of trends in the Company’s business. Further to the extent that other companies use similar methods in calculating non-GAAP measures, the provision of supplemental non-GAAP information can allow for a comparison of the Company’s relative performance against other companies that also report non-GAAP operating results. Non-GAAP Operating Margin is the proportion of non-GAAP income from operations as a percentage of GAAP revenue. Non-GAAP income from operations excludes the impact of the following items: stock-based compensation expense, amortization of acquisition-related intangibles and charges associated with the Company's restructuring activities. Non-GAAP net income per share excludes, to the extent applicable, the impact of the following items: stock-based compensation expense, amortization of purchased intangibles, charges related to the Company's restructuring activities and income tax adjustments. These items are excluded because the decisions that give rise to them are not made to increase revenue in a particular period, but instead for the Company’s long-term benefit over multiple periods. As described above, the Company excludes or adjusts for the following in its non-GAAP results and guidance: Stock-Based Compensation Expense: The Company’s compensation strategy includes the use of stock-based compensation expense to attract and retain employees and executives. It is principally aimed at aligning their interests with those of our stockholders and at long-term employee retention, rather than to motivate or reward operational performance for any particular period. Thus, stock-based compensation expense varies for reasons that are generally unrelated to operational decisions and performance in any particular period. Amortization of Purchased Intangibles: The Company views amortization of acquisition-related intangible assets, such as the amortization of the cost associated with an acquired company’s research and development efforts, trade names, customer lists and customer relationships, and, in some cases, acquired lease intangibles, as items arising from pre-acquisition activities determined at the time of an acquisition. While these intangible assets are continually evaluated for impairment, amortization of the cost of purchased intangibles is a static expense, which is not typically affected by operations during any particular period. Although the Company excludes the amortization of purchased intangibles from these non-GAAP measures, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation. Restructuring: Restructuring charges are costs associated with a formal restructuring plan and may include employee notice period costs and severance payments, lease or contract termination costs, asset impairments, accelerated depreciation and amortization and other related expenses. The Company excludes these restructuring charges because they are distinct from ongoing operational costs and it does not believe they are reflective of current and expected future business performance and operating results. Gains (Losses) on Strategic Investments, net: The Company records all fair value adjustments to its equity securities held within the strategic investment portfolio through the statement of operations. As it is not possible to forecast future gains and losses, the Company assumes no change to the value of its strategic investment portfolio in its GAAP and non-GAAP estimates for future periods, including its guidance. Gains (Losses) on Strategic Investments, net, are included in its GAAP financial statements. Income Tax Effects and Adjustments: The Company utilizes a fixed long-term projected non-GAAP tax rate in order to provide better consistency across the interim reporting periods by eliminating the effects of items such as changes in the tax valuation allowance and tax effects of acquisition-related costs, since each of these can vary in size and frequency. When projecting this long-term rate, the Company evaluated a three-year financial projection that excludes the direct impact of the following non-cash items: stock-based compensation expenses and the amortization of purchased intangibles. The projected rate also considers factors including the Company’s expected tax structure, its tax positions in various jurisdictions and key legislation in major jurisdictions where the Company operates. For fiscal 2024, the Company used a projected non-GAAP tax rate of 23.5%. For fiscal 2025, the Company uses a projected non-GAAP tax rate of 22.0%, which reflects currently available information, as well as other factors and assumptions. The non-GAAP tax rate could be subject to change for a variety of reasons, including the rapidly evolving global tax environment, significant changes in the Company’s geographic earnings mix due to acquisition activity or other changes to the Company’s strategy or business operations. The Company will re-evaluate its long-term rate as appropriate. The Company presents constant currency information to provide a framework for assessing how the Company's underlying business performed excluding the effect of foreign currency rate fluctuations. To present constant currency revenue growth rates, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the weighted average exchange rate for the quarter being compared to rather than the actual exchange rates in effect during that period. To present current remaining performance obligation growth rates on a constant currency basis, current remaining performance obligation balances in local currencies in previous comparable periods are converted using the United States dollar currency exchange rate as of the most recent balance sheet date. The Company defines the non-GAAP measure free cash flow as GAAP net cash provided by operating activities, less capital expenditures. View source version on businesswire.com : https://www.businesswire.com/news/home/20241203924824/en/ CONTACT: Mike Spencer Salesforce Investor Relations investor@salesforce.comCarolyn Guss Salesforce Public Relations 415-536-4966 pr@salesforce.com KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: PROFESSIONAL SERVICES BUSINESS TECHNOLOGY SOFTWARE CONSULTING ARTIFICIAL INTELLIGENCE SOURCE: Salesforce Copyright Business Wire 2024. PUB: 12/03/2024 04:01 PM/DISC: 12/03/2024 04:02 PM http://www.businesswire.com/news/home/20241203924824/en

Van Nistelrooy has replaced Steve Cooper at the King Power Stadium and saw Jamie Vardy open the scoring after just 98 seconds. Bilal El Khannouss and Patson Daka added goals after the break to ensure the Dutchman started with three points in style. Starting with a win! 🤩 Delivered by @bcgame #LEIWHU pic.twitter.com/X90nFSbMLm — Leicester City (@LCFC) December 3, 2024 His task is to keep the Foxes in the Premier League this season and after ending a five-game winless run they moved up to 15th, four points clear of the relegation zone. West Ham’s hierarchy will have seen what impact a managerial change can have as the jury remains out on Lopetegui, with away fans making their feelings clear by chanting “You’re getting sacked in the morning”. Niclas Fullkrug scored a consolation goal at the death but it counted for nothing and forthcoming games against Wolves, Bournemouth, Brighton and Southampton could determine the Spaniard’s future. When Van Nistelrooy went to bed last night, even he would not have dreamt of his side starting as well as they did as they went ahead with less than two minutes on the clock. One of the Dutchman’s first conversations following his appointment was to take Vardy to task for breaking his record for scoring in the most consecutive Premier League games nine years ago. And the veteran striker rolled back to the years as, living on the shoulder of the West Ham defence, he raced clear from El Khannouss’ through-ball and slotted into the corner. The linesman’s flag immediately went up but a lengthy VAR review ruled Vardy had timed his run perfectly and the goal stood. Vardy could have added a second from a similar move but this time Lukasz Fabianski denied him. The Dutchman quickly learned about the frailties of his side as West Ham created a raft of chances in search of an equaliser. Jarrod Bowen forced Mads Hermansen into a stretching save when he cut in from the right before Ings’ header crashed into the post and Max Kilman slipped at the crucial point from the rebound. Bowen, a constant threat, sent a ball across face of goal which evaded everyone before the England international was denied by a reflex save from the busy Hermansen. The Danish goalkeeper needed to be alert to tip over Mohammed Kudus’ deflected effort early in the second half before he was saved by the referee’s whistle after after his attempted punch went into his own goal, Tomas Soucek the man penalised. Leicester remained a threat on the counter-attack and that is how they doubled their lead just after the hour. Kasey McAteer was set clear down the left and his ball inside was perfect for El Khannouss to find the bottom corner from 15 yards. It was almost three as Fabianski produced an acrobatic save from Wilfred Ndidi’s header before Leicester needed a heroic piece of defending to keep their 2-0 lead intact. Crysencio Summerville bundled the ball goalwards and it was heading over the line until Conor Coady adjusted his feet and poked it clear. The Foxes, who also had a goal from substitute Bobby De Cordova-Reid chalked off by VAR, wrapped things up in the 90th minute when Daka broke clear and emphatically converted into the roof of the net. West Ham did get on the scoresheet when Fullkrug headed a corner home, but the game was already done.Five Below stock surges on raised guidance, new CEO

NIGER has suspended the operations of the British media company, BBC, owing to the suspicion that the company is trying to disrupt the country’s peace. Niger’s government has suspended the UK-based broadcasting network, BBC, for three months, over its reporting of a terrorist attack that allegedly killed dozens of its soldiers and civilians. “BBC broadcasts false information aimed at destabilizing social calm and undermining the troops’ morale,” said Raliou Sidi Mohamed, Niger’s communications minister. His statement was aimed at local radio stations that rebroadcast BBC content. He instructed that they cut off all content that traces back to BBC. The British network on Wednesday reported that jihadists massacred 90 troops and up to 40 people in Chatoumane, located in the western Tera area bordering Burkina Faso and overflowing with armed rebels. However, Niger, on the same day, denied the details of the report, calling the allegations of the massacre “baseless assertions” and a “campaign of intoxication,” as seen on AP News. This is hardly the first time Niger has had a running-in with foreign media. In September, Wassim Nasr, a France 24 journalist was served a lawsuit by the Alliance of the Sahel States (AES), which consists of Niger, Mali, and Burkina Faso. They alleged that the journalist was culpable for instigating acts of terrorism by contacting terrorists who are currently causing severe insecurity problems in the West African sub-region. These decisons to sanction Western media align with the AES’s new political stance to expel as much Western influence as possible. The nations that make up the AES in recent years have all been switched to military rule, after successful coups. For Niger, a group of soldiers from the presidential guard announced the ousting of Bazoum, on the the 26th of July 2023. The country has since been governed by the National Council for the Safeguard of the Homeland, which is being commanded by the guard’s commander, Abdourahamane Tiani. However, on the 10th of August, Tiani issued an order establishing a transitional administration. Additionally, Niger, alongside fellow AES countries, opted to form their regional coalition outside of ECOWAS, despite being a part of West Africa. They did this noting that ECOWAS still had a strong affiliation with the West, which is counterproductive to what they are trying to achieve.Multibagger stock: Mufin Green Finance shares are one of the multibagger stocks that the Indian stock market has delivered in the post-COVID rebound. The NBFC stock has risen more than 5,000 per cent in the last five years. However, the small-cap stock will be in focus when the Indian stock market opens on Monday. The company has declared fundraise via NCDs. They declared the board approval for raising funds on Friday ahead of the Closing Bell, which triggered value buying in the multibagger stock. The small-cap stock ended around 2 per cent higher against its previous close price while it registered around 3.50 per cent rise against its intraday low on Friday, after climbing to the intraday high of ₹ 125 apiece. Mufin Green Finance news The small-cap multibagger stock informed the Indian stock market exchanges about the board approval to fundraise, saying, "We would like to inform you that the Committee of the Board of Directors of the Company at its meeting held today, i.e., Friday, November 29, 2024, has inter-alia considered and approved raising of funds through issue of rated, unlisted, secured, senior, redeemable, taxable, transferable, non-convertible debentures denominated in Indian Rupees through private placement basis for amount up to INR 15,00,00,000 in accordance with the relevant provisions of applicable law and subject to approval of the applicable regulatory authorities." Mufin Green Finance share price outlook Speaking on the outlook for Mufin Green Finance shares, Sumeet Bagadia, Executive Director at Choice Broking, said, “The multibagger stock is in the ₹ 105 to ₹ 140 range. However, the stock looks positive and sideways on the chart. One can maintain a buy-on-dips strategy in the stock, maintaining a strict stop loss at ₹ 105 apiece. On breaking above the ₹ 140 per share mark, one can expect bullish movement in the stock, while breaking below the ₹ 105 apiece level may trigger more downside. So, a bullish or bearish trend can be assumed on the breakage of either side of the range.” Mufin Green Finance share price history In one month, this small-cap stock delivered 14 per cent returns to its positional investors, while in six months, it gave 9 per cent returns. In 2024, the NBFC stock remained in base-building mode, but for long-term investors, it was one of the wealth creator stocks for its shareholders. In the last five years, this multibagger stock has risen from 2.40 to ₹ 124.05 apiece on the BSE, delivering over 5,000 per cent return to its long-term investors. This multibagger stock is available for trade on both NSE and the BSE. It ended on Friday with a trading volume of 1,11,651 on the NSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.

By ADRIANA GOMEZ LICON FORT LAUDERDALE, Fla. (AP) — President-elect Donald Trump promised on Tuesday to “vigorously pursue” capital punishment after President Joe Biden commuted the sentences of most people on federal death row partly to stop Trump from pushing forward their executions. Related Articles National Politics | Elon Musk’s preschool is the next step in his anti-woke education dreams National Politics | Trump’s picks for top health jobs not just team of rivals but ‘team of opponents’ National Politics | Biden will decide on US Steel acquisition after influential panel fails to reach consensus National Politics | Biden vetoes once-bipartisan effort to add 66 federal judgeships, citing ‘hurried’ House action National Politics | A history of the Panama Canal — and why Trump can’t take it back on his own Trump criticized Biden’s decision on Monday to change the sentences of 37 of the 40 condemned people to life in prison without parole, arguing that it was senseless and insulted the families of their victims. Biden said converting their punishments to life imprisonment was consistent with the moratorium imposed on federal executions in cases other than terrorism and hate-motivated mass murder. “Joe Biden just commuted the Death Sentence on 37 of the worst killers in our Country,” he wrote on his social media site. “When you hear the acts of each, you won’t believe that he did this. Makes no sense. Relatives and friends are further devastated. They can’t believe this is happening!” Presidents historically have no involvement in dictating or recommending the punishments that federal prosecutors seek for defendants in criminal cases, though Trump has long sought more direct control over the Justice Department’s operations. The president-elect wrote that he would direct the department to pursue the death penalty “as soon as I am inaugurated,” but was vague on what specific actions he may take and said they would be in cases of “violent rapists, murderers, and monsters.” He highlighted the cases of two men who were on federal death row for slaying a woman and a girl, had admitted to killing more and had their sentences commuted by Biden. Is it a plan in motion or more rhetoric? On the campaign trail, Trump often called for expanding the federal death penalty — including for those who kill police officers, those convicted of drug and human trafficking, and migrants who kill U.S. citizens. “Trump has been fairly consistent in wanting to sort of say that he thinks the death penalty is an important tool and he wants to use it,” said Douglas Berman, an expert on sentencing at Ohio State University’s law school. “But whether practically any of that can happen, either under existing law or other laws, is a heavy lift.” Berman said Trump’s statement at this point seems to be just a response to Biden’s commutation. “I’m inclined to think it’s still in sort of more the rhetoric phase. Just, ‘don’t worry. The new sheriff is coming. I like the death penalty,’” he said. Most Americans have historically supported the death penalty for people convicted of murder, according to decades of annual polling by Gallup, but support has declined over the past few decades. About half of Americans were in favor in an October poll, while roughly 7 in 10 Americans backed capital punishment for murderers in 2007. Death row inmates are mostly sentenced by states Before Biden’s commutation, there were 40 federal death row inmates compared with more than 2,000 who have been sentenced to death by states. “The reality is all of these crimes are typically handled by the states,” Berman said. A question is whether the Trump administration would try to take over some state murder cases, such as those related to drug trafficking or smuggling. He could also attempt to take cases from states that have abolished the death penalty. Could rape now be punishable by death? Berman said Trump’s statement, along with some recent actions by states, may present an effort to get the Supreme Court to reconsider a precedent that considers the death penalty disproportionate punishment for rape. “That would literally take decades to unfold. It’s not something that is going to happen overnight,” Berman said. Before one of Trump’s rallies on Aug. 20, his prepared remarks released to the media said he would announce he would ask for the death penalty for child rapists and child traffickers. But Trump never delivered the line. What were the cases highlighted by Trump? One of the men Trump highlighted on Tuesday was ex-Marine Jorge Avila Torrez, who was sentenced to death for killing a sailor in Virginia and later pleaded guilty to the fatal stabbing of an 8-year-old and a 9-year-old girl in a suburban Chicago park several years before. The other man, Thomas Steven Sanders, was sentenced to death for the kidnapping and slaying of a 12-year-old girl in Louisiana, days after shooting the girl’s mother in a wildlife park in Arizona. Court records show he admitted to both killings. Some families of victims expressed anger with Biden’s decision, but the president had faced pressure from advocacy groups urging him to make it more difficult for Trump to increase the use of capital punishment for federal inmates. The ACLU and the U.S. Conference of Catholic Bishops were some of the groups that applauded the decision. Biden left three federal inmates to face execution. They are Dylann Roof, who carried out the 2015 racist slayings of nine Black members of Mother Emanuel AME Church in Charleston, South Carolina; 2013 Boston Marathon bomber Dzhokhar Tsarnaev ; and Robert Bowers, who fatally shot 11 congregants at Pittsburgh’s Tree of Life Synagogue in 2018 , the deadliest antisemitic attack in U.S history. Associated Press writers Jill Colvin, Michelle L. Price and Eric Tucker contributed to this report.

Heavy travel day starts with brief grounding of all American Airlines flights(The Center Square) – Legislators in Washington, D.C., have taken a number of steps over the past few days to push for insurance and pharmaceutical reforms to be passed before the end of the year. On Wednesday, a bicameral group of Republican and Democrat lawmakers held a press conference discussing the need for pharmacy benefit manager reform to protect small pharmacies across the country and “save lives.” “Whether you are a Republican, Democrat, or an independent, we all want the same thing. We want accessible, affordable, quality health care,” said Rep. Buddy Carter, R-Ga. “We’re not here today to just discuss one bill or to discuss just one patient’s story. We're here because there's broad, bipartisan pharmacy benefit manager, or PBM, reform that is needed to save lives.” Pharmacy benefit managers are the middlemen responsible for managing the drug prices covered by health insurance plans. According to the Harvard Political Review , the problem with pharmacy benefit managers is that they “have vertically integrated with pharmacy chains and health insurers through massive conglomerates.” That then allows them to abuse their power to cut out small pharmacies and increase prices. Carter also signed a letter that was released last week calling on the Department of Justice to dig into the role pharmacy benefit managers played in the opioid epidemic. Reps. Raja Krishnamoorthi, D-Ill., Deborah Ross, D-N.C., and Cliff Benz, R-Ore., all joined him in signing that letter. “The opioid crisis has devastated communities in North Carolina and across the country, and PBMs may have fueled it by prioritizing profits over people,” Ross said on social media . “That’s why I joined a letter calling on the DOJ to investigate their role and hold these bad actors accountable.” The letter looked at recent reports on the largest pharmacy benefit managers, CVS Caremark, Express Scripts, and OptumRx which state that they “colluded and conspired to steer patients towards OxyContin in exchange for $400 million.” OxyContin is a trade name for the narcotic oxycodone hydrochloride, a painkiller available by prescription only. This and the general “lack of transparency” is just one of the many complaints that legislators aired on Wednesday. “My colleagues who are joining me today, Democrats and Republicans ... all recognize that PBMs are decreasing the accessibility, the affordability, and therefore the quality of health care in America,” Carter said. “We have an opportunity, right now, to advance bipartisan legislation that increases reporting requirements, which would heighten transparency and shine a light on the opaque practices of these PBMs.” Carter was also joined by Sen. James Lankford, R-Okla., who is leading the effort to get legislation passed in the U.S. Senate. “This year, we're losing about one pharmacy a day in America,” Lankford said. “We want leadership to be able to take this up and to bring it up in the end-of-year package ... Stop holding up legislation that is bipartisan, bicameral, and solving a problem that Americans need solved.”Donald Trump has selected his son-in-law Jared Kushner’s father, Charles Kushner, to serve as the next US ambassador to France, the president-elect announced Saturday. Trump described Charles Kushner as a highly successful business leader, philanthropist and dealmaker, with deep experience in the real estate industry. “Charlie is the Founder & Chairman of Kushner Companies, one of the largest & most successful privately held Real Estate firms in the Nation. He was recognized as New Jersey Entrepreneur of the Year by Ernst & Young, appointed to the U.S. Holocaust Memorial Council, & served as a Commissioner, & Chairman, of the Port Authority of New York & New Jersey, as well as on the Boards of our top institutions, including NYU,” Trump wrote in a Truth Social post. Kushner was pardoned by Trump in 2020 after serving a prison sentence following a conviction on federal charges. This story is breaking and will be updated.

NEW YORK (AP) — President-elect Donald Trump’s lawyers formally asked a judge Monday to throw out his hush money criminal conviction, arguing continuing the case would present unconstitutional “disruptions to the institution of the Presidency.“ In a filing made public Tuesday, Trump’s lawyers told Manhattan Judge Juan M. Merchan that dismissal is warranted because of the extraordinary circumstances of his impending return to the White House. “Wrongly continuing proceedings in this failed lawfare case disrupts President Trump’s transition efforts,” the attorneys continued, before citing the “overwhelming national mandate granted to him by the American people on November 5, 2024.” Prosecutors will have until Dec. 9 to respond. They have said they will fight any efforts to dismiss the case but have indicated openness to delaying sentencing until after Trump’s second term ends in 2029. Following Trump’s election victory last month, Merchan halted proceedings and indefinitely postponed his sentencing, previously scheduled for late November, to allow the defense and prosecution to weigh in on the future of the case. He also delayed a decision on Trump’s to dismiss the case on immunity grounds. Trump has been fighting for months to reverse the conviction, which involved efforts to conceal a $130,000 payment to porn actor Stormy Daniels, whose affair allegations threatened to disrupt his 2016 campaign. He has denied any wrongdoing. Trump takes office Jan. 20. Merchan hasn’t set a timetable for a decision. A dismissal would erase Trump’s historic conviction, sparing him the cloud of a criminal record and possible prison sentence. Trump is the first former president to be convicted of a crime and the first convicted criminal to be elected to the office. Merchan could also decide to uphold the verdict and proceed to sentencing, delay the case until Trump leaves office, wait until a federal appeals court rules on Trump’s parallel effort to get the case moved out of state court or choose some other option.

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None(AI) has transformed from a niche innovation to a driving force behind major technological advancements, with businesses across industries racing to incorporate its benefits. Whether it’s streamlining operations, automating workflows, or improving customer experiences, AI’s utility is far-reaching and shows no signs of slowing down. For investors, this signals a tremendous opportunity: the potential for steady, long-term gains from companies leading the charge in AI integration. The beauty of AI stocks lies not just in growth potential but in the ability to innovate within existing markets and create entirely new ones. Industries like healthcare, finance, logistics, and even creative arts are being reshaped by AI’s capabilities, with significant returns awaiting those who position themselves early. Consider OpenText Amid this broader AI investment theme, ( ) is emerging as a particularly attractive long-term opportunity. Specializing in enterprise information management, OpenText bridges the gap between data and actionable insights — an essential component for businesses looking to harness the power of AI. What makes OpenText particularly compelling is its focus on integrating AI within its software and cloud solutions. As companies grow increasingly dependent on data management and analysis, OpenText’s services are becoming more valuable by the day. AI tools like intelligent document processing, automated workflows, and advanced analytics are central to OpenText’s offerings, positioning the company squarely within this boom. Recent performance Financially, OpenText has demonstrated both stability and growth, even amid uncertain market conditions. For fiscal year 2024, the AI stock reported revenues of $5.77 billion, reflecting a 28.6% year-over-year increase. While some tech companies struggle with profitability during expansion phases, OpenText has maintained solid margins. In its most recent earnings report, OpenText delivered robust results that highlight its momentum. For the first quarter of fiscal 2025, revenue came in at $1.27 billion, with solid free cash flow supporting the company’s continued investment in innovation. Quarterly earnings per share (EPS) showed growth, reflecting management’s ability to balance expansion with profitability. While revenue faced some year-over-year contraction due to acquisition-related adjustments, OpenText’s leadership reaffirmed its commitment to achieving strong margins and delivering shareholder value. Operating margins currently sit at 19.92%, reflecting strong cost management alongside revenue growth. Plus, OpenText boasts a trailing price-to-earnings (P/E) ratio of 17.11 and a forward P/E of 8.08, indicating that the AI stock is trading at a substantial discount relative to its earnings potential. These metrics are significant for long-term investors seeking value alongside growth. Future favourite The recent drop in OpenText’s stock price, down 32% from its 52-week high, adds another layer of appeal for investors. While market downturns are often viewed with concern, seasoned investors recognize these moments as opportunities to buy strong companies at a discount. OpenText’s decline likely stems from broader market volatility rather than any fundamental weaknesses within the company itself. With a 3.49% forward annual dividend yield, OpenText also offers an appealing income component for investors looking to balance growth with steady payouts. The AI stock’s consistent dividends, backed by strong cash flow of over $842 million in operating cash flow, reinforce its reliability. Looking to the future, OpenText’s growth prospects appear bright. The AI stock continues to focus on expanding its cloud and AI capabilities, two areas with massive growth potential. Cloud-based solutions are already seeing rapid adoption worldwide, and the addition of AI-powered insights makes these tools even more essential for modern businesses. OpenText’s ability to integrate seamlessly into the enterprise, providing solutions for everything from compliance to workflow automation. This places it in a sweet spot for ongoing digital transformation trends. As businesses navigate increasingly complex data challenges, demand for OpenText’s tools will only increase. Bottom line For investors looking to capitalize on AI’s long-term growth, OpenText offers a balanced opportunity: exposure to an innovative, AI-driven future at a value-oriented price. The AI stock’s financial stability, consistent dividend yield, and strategic focus on expanding its AI capabilities make it an ideal stock to hold for years to come. With shares down significantly from their highs, now may be the perfect time to add OpenText to your portfolio before the broader market catches on to its true potential. Long-term investors can rest assured knowing that OpenText is well-positioned to thrive as the AI revolution continues to shape our world.