Archive

October 3, 2025

Browsing

Sen. Josh Hawley, R-Mo., accused the Food and Drug Administration (FDA) of endangering women’s health, saying the agency approved another chemical abortion drug without the thorough safety review it had promised.

Hawley argued the move shows both regulatory failure and the influence of a company that refuses to define ‘woman’ in its materials.

‘This is shocking. FDA has just approved ANOTHER chemical abortion drug, when the evidence shows chemical abortion drugs are dangerous and even deadly for the mother. And of course 100% lethal to the child,’ he wrote on X on Thursday afternoon.

Hawley added, ‘FDA had promised to do a top-to-bottom safety review of the chemical abortion drug, but instead they’ve just greenlighted new versions of it for distribution. I have lost confidence in the leadership at FDA.’

Evita Solutions describes its mission as to ‘normalize abortion’ and make it ‘accessible to all.’ On its website, the company says it ‘believes that all people should have access to safe, affordable, high-quality, effective, and compassionate abortion care, regardless of their race, sex, gender, age, sexuality, income, or where they live.’

It adds, ‘We know that you can make the best choice for your body.’

According to the FDA, Evita received approval in a Sept. 30 letter obtained by Reuters.

In an interview with Fox News Digital, Hawley said the FDA’s decision was even more troubling given that its promised safety review has barely begun.

‘I just, I can’t figure out what’s happening at the FDA. I’m totally baffled by it,’ Hawley said.

Fox News Digital has reached out to the FDA and Evita Solutions for comment on the matter.

In another post, Hawley blasted the FDA for partnering with a company that ‘doesn’t even believe there is such a thing as a ‘woman.’’

Evita Solutions now joins GenBioPro in producing the generic version of Mifepristone, the abortion pill originally made by Danco Laboratories. Mifepristone blocks progesterone, a hormone needed to sustain pregnancy, and is followed by misoprostol to complete the process.

The approval comes as abortion drugs face mounting opposition from conservative lawmakers, religious organizations, and pro-life groups.

Religious groups like Inspire Investing and Alliance Defending Freedom have campaigned against the drug, while the Restoration of America Foundation (ROAF) has pressed lawmakers for accountability.

Last month, ROAF called on the Senate Finance Committee to hold Health and Human Services Secretary Robert F. Kennedy Jr. accountable at a hearing, demanding answers about the removal of safety protocols for the abortion pill Mifepristone.

In a letter obtained by Fox News Digital, ROAF warned that the rollback leaves women more vulnerable and shifts costs to taxpayers. The group said the Biden-era changes endanger women by allowing abortion pills to be prescribed via telehealth and sent through the mail.

Hawley said the FDA should restore the safeguards put in place under the Trump administration.

‘What needs to happen is the FDA needs to get in line with the president’s policy and put back into place the safety regulations President Trump had. Ditch the Biden approach and go back to President Trump’s approach,’ Hawley said.

Under the Biden administration, the FDA for the first time allowed telehealth prescribing and mail-order delivery of abortion pills. Previously, the agency required Mifepristone to be dispensed in person to screen for complications such as ectopic pregnancy.

Fox News Digital’s Jasmine Baehr and Reuters contributed to this report.

This post appeared first on FOX NEWS

A judge is set to sentence Nicholas Roske on Friday for attempting to assassinate Supreme Court Justice Brett Kavanaugh in the weeks leading up to the high court’s landmark Dobbs decision.

The Department of Justice has asked for 30 years in prison, while Roske’s attorneys have asked for eight years.

In a sentencing memorandum, prosecutors said Roske showed up at Kavanaugh’s house on June 8, 2022, armed with a pistol, ammunition, a knife, a crowbar and tactical gear, intending to kill the conservative justice and three other justices.

The potential impact of Roske’s conduct was ‘immeasurable and staggering,’ prosecutors said.

‘By targeting and planning to kill ‘at least one,’ but ‘shooting for 3’ justices of the Supreme Court, the defendant sought single-handedly and irrevocably to alter an entire branch of the United States government through violence,’ they wrote.

Roske’s attorneys argued in their own memorandum that three decades in prison, which included terrorism and other enhancements, did not fit the crime.

Roske pleaded guilty in April to one count of attempting to murder a Supreme Court justice, which carries a maximum sentence of life in prison.

The defense attorneys noted how Roske called 911 soon after arriving at Kavanaugh’s house and ‘self-reported her plans, intentions, and actions’ instead of moving forward with attacking Kavanaugh.

Roske’s lawyers also said Roske suffered severe depression and that their client’s ominous online searches about mass shootings and various justices, which the DOJ factored into its sentencing recommendation, were not indicative of an intent to murder multiple justices.

‘As any internet user knows, Googling and doom-scrolling, even in dark corners of the internet, does not equate to criminal intent,’ the defense attorneys wrote. ‘A user’s internet content is voluminous, intensely personal, and can easily be taken out of context.’

Two weeks prior to the sentencing hearing, Roske’s attorneys also notified the court that while their client’s name had not formally changed, Roske wanted to begin going by the name ‘Sophie’ and female pronouns. 

‘Out of respect for Ms. Roske, the balance of this pleading and counsel’s in-court argument will refer to her as Sophie and use female pronouns,’ the footnote stated.

Roske’s sentencing comes at a time when judges have repeatedly raised alarms about threats they have received from ideologically-driven suspects across the political spectrum.

The attempted assassination in 2022 occurred just two weeks before the Supreme Court handed down its landmark decision overturning Roe v. Wade, an expected decision that had drawn protesters to the Supreme Court building and conservative justices’ houses for weeks leading up to it.

Last year, an Alaska man named Panos Anastasiou was indicted on charges of sending hundreds of messages to Supreme Court justices that included threats to murder them. 

Anastasiou stands accused of making specific threats toward six justices of shooting, strangling, ‘lynching’ and beheading them.

This is a developing story. Check back for updates.

This post appeared first on FOX NEWS

Rep. Abe Hamadeh, R-Ariz., revealed to Fox News Digital that he is one of three Republicans in Congress who was surveilled by the Biden administration’s ‘Quiet Skies’ program, a program that has been shut down due to overreach concerns.

Earlier this week, Senate Homeland Security and Governmental Affairs Committee Chair Rand Paul, R-Ky., convened a hearing examining alleged Biden administration abuse of the program, which was terminated by DHS in June, and revealed that three current Republican members of Congress were surveilled or monitored either as a sitting member or while seeking elected office.

GOP Rep. Abe Hamadeh tells Fox News Digital he was informed that he was one of those members of Congress and was surveilled in December 2022.

‘It sadly doesn’t surprise me,’ Hamadeh explained. ‘At the time, if you remember, I mean banks were shutting down accounts if they promoted conservative viewpoints, if they were selling ammo or guns and the banks were being pressured by the Biden administration. You had social media companies censoring political voices that they didn’t agree with. So it shows you the depths that the federal government, how much sway they have, not just within the bureaucracy of the government, but also with private organizations and private actors as well.

Hamadeh called the timing of his surveillance ‘interesting’ because ‘during the time period that I was challenging the results of my election in 2022 when I was running for attorney general, where that race was decided by 280 votes out of 2.5 million.’

Hamadeh continued, ‘You know, this is a very legitimate challenge. This is something that both sides of the aisle have done routinely. So you don’t know if that was a factor. And I would assume so, because at the time it was such a hostile environment with President Biden when he was in power. I mean, my God, they were calling MAGA fascists. They were calling us threats to democracy constantly.’

Hamadeh also called it ‘peculiar’ that he is a former U.S. Army Reserve intelligence officer with top secret clearance who traveled overseas both on deployment and in his personal capacity. 

The Department of Homeland Security (DHS) announced in June it would be ending the Quiet Skies program, which left some Americans subject to additional screenings at airport security.

The department says the agency was overly politicized to either benefit or hurt specific people and ran a bill of roughly $200 million annually. According to DHS, the program kept a watchlist as well as a list of people exempted. The department says Quiet Skies has not prevented any terrorist attacks but will continue to use other methods to assure safe air travel.

‘It is clear that the Quiet Skies program was used as a political rolodex of the Biden Administration — weaponized against its political foes and exploited to benefit their well-heeled friends. I am calling for a Congressional investigation to unearth further corruption at the expense of the American people and the undermining of US national security,’ DHS Secretary Kristi Noem said in a statement.

The TSA’s ‘Quiet Skies’ program was established in 2010 to identify passengers for enhanced screening on some domestic and outbound international flights.

Paul said earlier this year that he received records confirming that federal air marshals surveilled now-Director of National Intelligence Tulsi Gabbard during domestic flights last year, ‘reporting back information related to her appearance and even how many electronics she was observed using.’ 

‘I’m glad to see that the Senate, Senator Rand Paul got to the bottom of it and also that Department of Homeland Security has now effectively terminated the Quiet Skies program as well,’ Hamadeh told Fox News Digital. 

‘Also, it’s odd that there’s only three Republican members of Congress that were targeted. I mean, I’m assuming, there’s Democrats who have a lot of interesting travel here that I serve with as well. I’m sure that there are things that would flag them. So it makes you question what the Biden administration, who they were focusing on, who they were targeting specifically. I mean look at Tulsi Gabbard. I mean what? What a complete 180 for now to have her be running the intelligence agencies as the director of national intelligence. And it goes to show you what we were fighting.’

In a press release earlier this week, Paul commended Noem for ending the program but said the work is ‘not done.’

‘We must make sure that this program does not come back under another name. Every official who directed or approved surveillance of Americans for protected speech must be removed from office. Full transparency must become the rule rather than requiring a year of investigation,’ Paul said. ‘The result will be a process that respects the Constitution, ends real life shadow bans against Americans and gives all of us the assurance that our government is focused on protecting us, not on chasing political ghosts.’

Fox News Digital reached out to Biden’s office for comment.

Fox News Digital’s Cameron Arcand contributed to this report

This post appeared first on FOX NEWS

The federal government entered its third day of a shutdown without a clear off-ramp in sight as the Senate gears up to once again vote on a short-term funding extension Friday.

Lawmakers will again vote on the GOP’s continuing resolution (CR) and congressional Democrats’ counter-proposal on Friday. There’s been little movement on Capitol Hill since the last failed vote, given that some either left Washington, D.C., or did not come to the Hill, in observance of Yom Kippur.

In fact, the Senate floor was open for less than three hours on Thursday, with only a handful of lawmakers giving remarks to a mostly empty chamber.

Republicans hope that more Senate Democrats will peel off and vote for their bill, but it’s unlikely. Senate Minority Leader Chuck Schumer, D-N.Y., and most of his caucus are firmly rooted in their position that expiring Obamacare tax credits must be dealt with now.

And Senate Majority Leader John Thune, R-S.D., said he isn’t planning on keeping lawmakers in town over the weekend if the House GOP’s bill fails for a fourth time. Still, bipartisan talks are happening among the rank-and-file members to find some way to reopen the government.

‘I’m glad that people are talking,’ Thune said. ‘I think there are a lot of Democrats who want out of this, you know, grapple that Schumer is running now, so I’m hoping that perhaps that will lead somewhere. But it all starts with what I’ve said before, reopen the government, and I think that’s what we got to have … happen first.’

There are some ideas being tossed back and forth among Senate Republicans and Democrats, like agreeing to work on the subsidies until Nov. 21 under the GOP plan, or compromising on a shorter CR that lasts until Nov. 1 to coincide with the beginning of open-enrollment for Obamacare.

‘We’re not asking for a full repair of a broken system,’ Sen. Elizabeth Warren, D-Mass., said. ‘We understand how badly the healthcare system is working, but it’s going to be so much worse if the Republicans continue on this path of cutting healthcare for millions of Americans.’

Thune threw cold water on the latter idea.

‘Well, and what’s the House going to come back and vote on, a one-month as opposed to seven weeks? I mean, think about this right now. We’re really kind of quibbling over pretty, pretty small stuff,’ he said.

Schumer made clear over the last several days that he wants bipartisan negotiations to craft a funding extension with Democratic and Republican input, but the GOP argues that their bill, which is backed by President Donald Trump, would unlock future bipartisan negotiations on spending bills.

But Republicans argue that his insistence on negotiating is more about political optics than actually finding a path out of the shutdown.

‘This Democrat shutdown is nothing but a cynical political shutdown, with Senator Schumer kowtowing to his radical left-wing extremists,’ Sen. Roger Marshall, R-Kan., said on the Senate floor. ‘He’s desperately recoiling, fighting to stave off a primary and to save his party from the piranhas in their own midst.’

And while talks at the lower level are ongoing, some contend that ultimately it will be Trump’s decision on what happens next.

Sen. Amy Klobuchar, D-Minn., said on the Senate floor, ‘Unfortunately, right now, our Republican colleagues are not working with us to find a bipartisan agreement to prevent the government shutdown and address the healthcare crisis.’

‘We know that even when they float ideas, which we surely do appreciate, in the end, the president appears to make the call,’ Klobuchar said. 

This post appeared first on FOX NEWS

A Senate Republican wants to ensure that lawmakers feel the pain in their wallets as the federal government shutdown drags on.

Members of Congress, unlike other federal employees, are guaranteed to get paid during a government shutdown. But Sen. Bernie Moreno, R-Ohio, wants to impose a tax on lawmakers that would eat away at their paychecks.

Moreno plans to introduce the Stop Holding Up Taxpayers, Deny Wages On Washington’s Negligence (SHUTDOWN) Act, which would create a new tax specifically for lawmakers.

The shutdown has trudged on to a third day with no clear off-ramp in sight. The Senate is again set to vote on the GOP’s short-term funding extension on Friday, but Senate Democrats are again expected to block it.

‘Democrats like Hakeem Jeffries want to get paid for shutting the government down,’ Moreno said in a statement to Fox News Digital. ‘That’s ridiculous. If Congress can’t do the bare minimum, we don’t deserve a paycheck.’

Members of Congress on average make $174,000 a year. That number can fluctuate depending on whether a lawmaker is in a leadership position. Preventing lawmakers from getting paid during a shutdown is tricky, however, given that the U.S. Constitution requires them to receive a paycheck even if the government is closed.

Article I, Section 6 of the Constitution requires that ‘Senators and Representatives shall receive a Compensation for their Services, to be ascertained by Law, and paid out of the Treasury of the United States.’

Then there is the 27th Amendment, which was ratified in the 1992, that prevents Congress from passing a law affecting its pay during the current congressional term.

Moreno’s bill could circumvent those guardrails by imposing a daily tax on lawmakers that would rise each day that members are in session and that a shutdown continues.

Meanwhile, the likelihood that the shutdown ends this week is low. Senate Democrats, led by Senate Minority Leader Chuck Schumer, D-N.Y., are firmly rooted in their position that unless a deal is struck on expiring Obamacare tax credits, they’ll continue to block the GOP’s continuing resolution (CR).

Senate Majority Leader John Thune, R-S.D., plans to keep bringing the same bill, which the House passed last week, in a bid to chip away at Senate Democrats. So far, only three members of the Democratic caucus — Sens. John Fetterman, D-Pa., Catherine Cortez Masto, D-Nev., and Sen. Angus King, I-Maine, joined Republicans to vote for the bill. 

This post appeared first on FOX NEWS

Minera Alamos (TSXV:MAI,OTCQX:MAIFF) announced that it has completed its purchase of the Pan gold mine and two development-stage projects in Nevada from Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX).

The Toronto-based company said Wednesday (October 1) that it closed the previously announced transaction to acquire the Pan mine, along with the Gold Rock and Illipah projects in White Pine County.

Under the terms, Minera Alamos paid Equinox Gold roughly US$88 million in cash and issued nearly 97 million shares, leaving Equinox with a 9.15 percent stake in the company.

The company also secured a US$25 million gold prepayment facility with Auramet International, structured as a 24-month loan repayable in 7,830 ounces of gold.

Minera Alamos Chief Executive Darren Koningen said the acquisition provides both immediate production and a pipeline of late-stage assets.

“We are excited to close this transformational acquisition for Minera Alamos,” Koningen said. “The addition of the Pan gold mine, along with the Gold Rock and Illipah projects, provides immediate production and cash flow while significantly expanding our late-stage project development pipeline.”

Pan is a heap leach operation that has been producing around 40,000 ounces of gold annually. Combined with development plans at Copperstone, Cerro de Oro, and Gold Rock, Minera Alamos expects to eventually scale production to more than 175,000 ounces a year, according to earlier preliminary assessments.

Meanwhile, the sale allows Equinox Gold to retain exposure to the Nevada assets through its minority equity stake in Minera Alamos.

Equinox, which operates multiple mines across the Americas, said earlier it was looking to streamline its portfolio and recycle capital into core projects.

For Minera Alamos, the addition of the Pan mine provides steady cash flow, while Gold Rock and Illipah add long-term optionality. Both development projects are in Nevada’s Battle Mountain–Eureka trend, a region known for its high concentration of producing gold mines.

The Nevada acquisition represents the second major financing effort for Minera Alamos in less than two months.

The company expects near-term contributions from Pan while advancing development work at Gold Rock and Illipah. Construction and permitting activities are underway, with timelines tied to gold market conditions and project economics.

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

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Friday (October 3) as of 9:00 a.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$120,724, trading 13 percent higher over the past 24 hours. Its lowest valuation of the day was US$118,777, while its highest was US$121,044.

Bitcoin price performance, October 3, 2025.

Chart via TradingView

Over the next five years, Bitcoin could realistically reach US$200,000 to US$500,000 per coin, according to an emailed note from Bitget Chief Analyst Ryan Lee. Lee sees sustained institutional inflows and broader mainstream adoption as key drivers, with more than 20 percent of global financial institutions expected to integrate Bitcoin exposure.

Emerging markets, in addition, may increasingly use it as a hedge against inflation, although risks such as geopolitical tensions or technological vulnerabilities could still trigger sharp 30 to 50 percent drawdowns.

Lee also stressed that, ‘regulatory clarity, particularly from bodies like the SEC and EU’s MiCA framework, will be pivotal in reducing uncertainty and encouraging wider participation, potentially unlocking trillions in sidelined capital if frameworks remain innovation-friendly.’

Bitcoin dominance in the crypto market is at 56.53 percent, showing a slight week-on-week dip.

Ether (ETH) is also performing well, up 2.8 percent over 24 hours to US$4,469.84. Ether’s lowest valuation on Friday was US$4,358.45, and its highest was US$4,549.77.

Momentum indicators are reinforcing the bullish case for ETH. Both the 25-day and 50-day moving averages are acting as resistance, and analysts see a decisive close above US$4,500 as the next trigger. From there, projections point to an 80–100 percent rally into 2026, with Ether’s recent low now looking like a confirmed floor.

Altcoin price update

  • Solana (SOL) was priced at US$220.16, an increase of 5.4 percent over the last 24 hours. Its lowest valuation on Wednesday was US$217.81, and its highest valuation was US$220.69.
  • XRP was trading for US$2.96, up by 3.2 percent over the last 24 hours, and its highest valuation of the day. Its lowest valuation of the day was US$2.92.

ETF data and derivatives trends

Spot Bitcoin exchange-traded funds (ETFs) continued to see institutional demand this week. U.S. spot Bitcoin ETFs recorded roughly US$2.25 billion in weekly inflows, led by BlackRock’s iShares Bitcoin Trust (IBIT) (NASDAQ:IBIT), which accounted for the largest single-fund purchases (IBIT bought roughly US$400–470 million on heavy flow days).

Total assets under management across US Bitcoin spot ETFs are now estimated at about US$155 billion, up from roughly US$100 billion earlier in the year, with major funds such as Fidelity’s (TSX:FBTC) and ARK 21Shares (BATS:ARKB) also posting notable inflows during the same stretch.

Today’s crypto news to know

Stablecoin market passes US$300 billion

The stablecoin market has climbed past US$300 billion for the first time, but analysts caution that current momentum may not be enough to meet future targets.

Coinbase projects the market will reach US$1.2 trillion by 2028, while Standard Chartered pegs it closer to US$2 trillion and Citi expects more than US$4 trillion by 2030.

Growth this year has averaged about US$10 billion in new issuance each month — a pace that would take over five years to meet the lower end of forecasts. Tether’s USDT remains the clear leader, holding 58 percent of supply and adding USD$2.6 billion in circulation this week.

Circle’s USDC and Ethena’s USDe also expanded, while BlackRock’s USD and PayPal’s PYUSD posted some of the strongest percentage gains.

The growth streak marks the fastest since early 2021, when the sector ballooned nearly 300 percent in half a year.

Sanctioned rouble stablecoin draws attention at Token2049

A rouble-pegged stablecoin, already under US and UK sanctions, surfaced as a sponsor of the Token2049 conference in Singapore, according to a Reuters report.

The token, known as A7A5, was launched in January by a Russian defense-linked lender and a Kyrgyz payments firm, and has been flagged by Western officials as a tool for sanctions evasion.

Despite this, the company behind A7A5 held a booth at the conference, was listed as a platinum sponsor, and even saw one of its executives speak on stage before references were removed following media inquiries.

Trading in the token has surged, reflecting rising demand from Russian users locked out of traditional banking systems.

Strategy’s Bitcoin holdings reach record US$77.4 billion

Corporate Bitcoin pioneer Strategy has disclosed that its BTC holdings are now worth US$77.4 billion, the highest in its history.

The company first began buying Bitcoin in 2020, when its position was worth about US$2.1 billion, a move initially seen as radical.

Since then, its treasury has ridden multiple market cycles, growing to US$5.7 billion by 2021, falling back to US$2.2 billion during the 2022 crash, and then steadily building through consistent purchases.

By 2023, Strategy’s holdings were valued at US$8 billion, and by 2024 they had reached US$41.8 billion. The 2025 rally, which has pushed Bitcoin above US$124,000, has nearly doubled the value of its stack in less than a year.

Separately, Strategy secured relief from a looming tax liability after the IRS ruled that unrealized crypto gains will not count toward the 15 percent corporate minimum tax.

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

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

This post appeared first on investingnews.com

Mining giant BHP (ASX:BHP,NYSE:BHP,LSE:BHP) has begun accepting applications for the 2026 edition of its Xplor Critical Minerals Accelerator Program.

Now in its fourth edition, Xplor currently holds an alumni network of 21 companies, including the likes of Cobre (ASX:CBE) and Hamelin Gold (ASX:HMG).

“Xplor has quickly become a recognised pathway for early-stage explorers who want to scale faster and think more boldly,” said BHP Group Exploration Officer Tim O’Connor.

“The program provides not only capital, but access to the knowledge, networks, and technical depth that can fundamentally change the trajectory of a company,” he added.

As in previous cohorts, Xplor 2026 participants can receive up to US$500,000 in equity-free funding, mentorship and access to BHP’s global network of suppliers and service providers.

Early-stage explorers are encouraged to apply, as long as they arededicated to uncovering new sources of critical minerals essential for a sustainable future.”

In 2025, eight junior mining companies targeting copper and other critical minerals were selected by BHP. These included Canadian company Viridian Metals (CSE:VRDN) and ASX-listed German company GreenX Metals (ASX:GRX,LSE:GRX).

Current participant Electrum Discovery (TSXV:ELY,OTC:ELDCF) said that being part of BHP Xplor is invaluable.

“The program has given us access to expertise and resources that have helped sharpen our strategy and move our projects forward more quickly,” said CEO Elena Clarici.

“It has also opened doors to networks and opportunities that would have been much harder to access on our own. Xplor is already making a real difference in how we grow as a company.”

Xplor was launched in 2022 to assist companies in accelerating exploration opportunities and developing new critical minerals sources. It is split into three tracks: technical readiness, business readiness and operations readiness.

“As the world’s demand for critical minerals intensifies, building strong partnerships between majors and juniors will be essential,” O’Connor added.

“Xplor is about more than accelerating exploration projects, it’s about shaping a new way of working together to unlock the resources needed for the future.”

The deadline for 2026 submissions is October 15, 11:59 PM AEST.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The European Central Bank (ECB) has signed a framework agreement with security technology firm Giesecke+Devrient (G+D) and its partners Nexi and Capgemini to deliver offline payment capabilities for the digital euro.

The trio, led by Munich-based security firm G+D, ranked first among tenderers for the contract to design, implement and partially operate the system that will allow users to make digital euro payments without internet or power connections.

Offline functionality has been positioned as a defining feature of the digital euro. From the outset, the ECB has emphasized that a central bank digital currency must provide privacy and resilience comparable to cash.

Payments under the offline model are stored directly on user devices such as smartphones, cards or other compatible tools, and are settled locally between devices without passing through banks, payment providers, or the central bank itself.

According to the ECB, this structure ensures transactions remain private and reliable, extending the reach of the euro in digital form while preserving the characteristics of physical cash.

The digital euro is also intended as a complement to banknotes and coins, available to anyone across the euro area and functioning as a universal means of payment.

“We are proud to lead this pan-European cooperation, working together with our partners Nexi and Capgemini to bring the digital euro’s offline capabilities to life,” said Dr. Wolfram Seidemann, CEO of G+D Currency Technology. “This milestone underscores our commitment to innovation and security in digital payment solutions while preserving the privacy and resilience that citizens expect from cash.”

Under the new agreement, G+D and its partners will work with the ECB to finalize the design, integration and development of the Digital Euro Service Platform (DESP). The Governing Council of the ECB will oversee the process in line with European legislation, ensuring the solution is consistent with current monetary and financial policy goals.

G+D brings longstanding expertise in currency technology and security systems to the project. Its partners, Nexi and Capgemini, will contribute specialized knowledge in payment infrastructure and technology integration.

Nexi, a major European payments company, is tasked with ensuring that the digital euro integrates seamlessly with existing point-of-sale systems.

Capgemini on the other hand will support development and testing of the offline interfaces, drawing on its background in technology consulting and digital transformation.

The digital euro project remains in its preparation phase. The ECB will spearhead the evaluation of technical solutions, legal frameworks and user experience considerations before any decision on issuance is made.

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

This post appeared first on investingnews.com

The platinum price broke above US$1,600 per ounce on September 29 (Monday), its highest level since April 2013.

What’s moving the platinum price? A number of factors are at play in this notoriously volatile market.

As a precious metal, nearly a quarter of demand for platinum comes from the jewelry sector. When gold prices are high, as they are now at nearly US$3,900 an ounce, platinum jewelry becomes an attractive, lower cost alternative.

With more than 70 percent of demand for the metal coming from the industrial and automotive sectors, the platinum market is highly price sensitive to economic cycles. However, despite the current economic uncertainty that’s driving gold higher, platinum prices are being buoyed by stable demand in the auto sector, emerging demand in the hydrogen fuel cell industry, and persistent supply challenges out of major platinum producing nations like South Africa.

Platinum supply under pressure

Supply constraints are an ongoing trend in the platinum market and a major driver of prices for the metal in 2025.

In its Q2 2025 Platinum Quarterly, the World Platinum Investment Council (WPIC) predicts that global platinum mine supply will drop by 6 percent to 5.43 million ounces for this year.

Heavy rainfalls and flooding in top producer South Africa in the first quarter of the year had a major impact on an industry already reeling from high-cost electricity and dwindling reserves.

In late August, Paul Dunne, CEO of Northam Platinum (JSE:NPH) in South Africa told Reuters that higher platinum prices in 2025 will likely not do much to alleviate the pressures facing platinum group metals (PGM) production in the country.

“Recent price appreciation is offering some relief to the PGM sector,” he said in a statement. “However, it is still not yet at levels that will support sustainable mining across the industry and certainly not the much-needed development of new operations.”

Suffice it to say that problems in the supply side of the market will continue to support platinum prices over the longer-term.

Platinum demand seen as sustainable

As for platinum demand, Mykuliak sees a few key important drivers including auto catalysts for hybrid vehicles, increased hydrogen adoption for industrial uses and Chinese demand for platinum jewelry as an alternative to gold.

In the automotive industry, platinum is used in catalytic converters for vehicle exhaust systems for emissions control. The rise of electric vehicles (EVs), which do not require catalytic converters to control emissions, is expected to cut into platinum demand over time.

However, high costs and range anxiety are leading auto buyers to choose hybrids over battery EVs. Because hybrid engines still require catalytic converters, the auto sector continues to be a reliable source for platinum demand.

In the hydrogen sector, platinum has a role as a catalyst in the proton exchange membrane electrolyzers used for green hydrogen production and in hydrogen fuel cells. The WPIC has noted that the hydrogen market be ‘a meaningful component of global demand by 2030 and potentially the largest segment by 2040.’

As for jewelry demand, the WPIC is predicting an increase of 11 percent year-on-year to 2.23 million ounces in 2025. China is expected to represent more than one quarter of that growth as the fabrication of platinum jewelry in the region is expected to grow by 42 percent to 585,000 ounces.

Platinum price outlook

The platinum price has since pulled back from the US$1,600 level to US$1,558 per ounce in midday trading on Thursday (October 2). But a correction is expected in the short-term, explained Mykuliak, who believes the fundamental outlook for platinum is still a positive one.

“Looking ahead, I expect volatility. My base case is a US$1,650-US$1,750 range by the year-end, with possible dips toward US$1,450 if profit-taking intensifies,” she said. “On the upside, if South African power disruptions worsen or hydrogen policies accelerate, US$1,850-US$1,950 is realistic, with US$2,000 also within reach.”

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

This post appeared first on investingnews.com