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SM Prime: 30 Years of Growth and GoodUNITED NATIONS, (APP - UrduPoint / Pakistan Point News - 8th Dec, 2024) As rebels declared an end to President Bashar al-Assad's rule after seizing control of , 's Special Envoy for , Geir Pedersen, said that the developments in the country underscore the clear desire expressed by of Syrians that stable and inclusive transitional arrangements are put in place. In a statement, he urged Syrians to prioritize dialogue, , and respect for international humanitarian law and human rights as they seek to rebuild their society, adding he stands ready to support the people in their journey toward a stable and inclusive future. Hassan Abdul-Ghani, senior commander of the group Hayat Tahrir al-Sham, claimed victory for the rebel forces that had stormed across in a matter of days and entered overnight, forcing Assad to flee and ending his 's decades of rule after more than 13 years of civil war. "Today marks a watershed moment in 's history - a nation that has endured nearly 14 years of relentless suffering and unspeakable loss... This dark chapter has left deep scars, but today we look forward with cautious hope to the opening of a new one - one of peace, reconciliation, dignity, and inclusion for Syrians," Pedersen, the envoy, said. The envoy, who has been attending a high-level meeting of States in this weekend, also issued an appeal for the new rulers in to ensure a stable transfer of power and to maintain the country’s institutions. This was the “clear desire” of of Syrians, Pedersen insisted, so that they can ultimately see their “legitimate aspirations” fulfilled “and restore a unified , with its sovereignty, and territorial integrity, in a way that can receive the support and engagement of the entire international community”. On the other hand, ’s humanitarian official said that aid teams will continue to provide emergency relief wherever possible. “We will respond wherever, whenever, however we can to support people in need, including reception centres – , , fuel, tents, blankets,” said Tom Fletcher, Emergency Relief Coordinator and head of the aid coordination office, OCHA. The hostilities have uprooted more than 370,000 people inside , according to OCHA, “with many seeking refuge in the northeast and others trapped in front-line areas, unable to escape”, the ’s senior aid official in , Adam Abdelmoula, said on Saturday. “Civilian casualties, including and children, continue to rise, underscoring the urgent need for coordinated humanitarian action.” After sweeping into ’s second city, , Hama, Homs and now have fallen in quick succession, despite suggestions that the Security Council-designated group lacked the means to sustain their stunning gains. In the immediate aftermath of HTS’s reported victory and declaration to the of Syrians displaced by the conflict that “a free awaits you”, reports indicated that forces met little resistance in taking . Years of fighting between troops reinforced foreign State-backed fighters against forces including extremists – now essentially pushed out of - have devastated , despite repeated calls for peace via several rounds of UN-led negotiations in , the said. On the sidelines of his official to the Forum, Pedersen, the envoy, also spoke to the representatives of , and – the so-called Group - who had gathered to discuss the forces’ rapid gains in . In a joint statement issued ahead of the fall of by the members and the Foreign Ministers of , , and , they urged an end to the fighting and expressed their support for UN-led efforts to reach a political solution to the crisis, based on Security Council 2254. As events in continued to unfold, the ’s aid official, Tom Fletcher, stressed the need to uphold international humanitarian law “to protect civilians, including aid workers”. That appeal followed reports of a deadly airstrike at ’s Ad Dabousiyah crossing with on 27 in which a Red Crescent ( ) volunteer was killed, along with multiple civilians. The incident led to the suspension of humanitarian convoys into . Although “essential” humanitarian operations have been maintained inside , the has begun to relocate “non-critical staff” the country as a precautionary step, the ’s aid official in the country has said. “This is not an evacuation and our dedication to supporting the people of remains unwavering,” and stressed that “rumours suggesting that the is evacuating staff are false,” insisted Adam Abdelmoula. Meanwhile, in the wake of reports that a coalition of forces has seized the capital and freed prisoners Sednaya and other detention facilities, the human rights probe on the situation called today “a historic new beginning for the people who have suffered unspeakable violence and atrocities over the past 14 years.’ “It is time to finally put Syrians’ own aspirations first and place the country on a path toward a stable, prosperous and just future that guarantees the human rights and dignity its people have so long been denied,” said the Commission of Inquiry on said in a statement. For decades, Sednaya and other infamous detention facilities have been synonymous with fear, loss, suffering and cruelty. The cells where detainees were ill-treated are now open, as are the interrogation chambers where they were tortured using cruel methods that the Commission has documented for years. The Commission called on parties in to facilitate access for independent humanitarian and human rights actors, including the Commission, to the country, including detention facilities. It stresses the importance of ensuring that evidence is protected. Both and leadership have made initial statements indicating their commitment to maintaining good conduct and protecting civilians, which is encouraging. Their deeds must now match their words, stated the Commission. Meanwhile, leaders around the have been reacting to the dramatic developments in : In , a statement issued by the said, "President (Joe) Biden and his team are closely monitoring the extraordinary events in and staying in constant touch with regional partners." US President-elect posted on Truth Social said, "Assad is gone. He has fled his country. His protector, , , , led by , was not interested in protecting him any longer. " and are in a weakened state right now, one because of and a bad economy, the other because of and its fighting success." The Foreign Ministry said in a statement, President Bashar al-Assad has left office and departed the country after giving orders for there to be a peaceful handover of power. The ministry did not say where Assad was now and said did not take part in the talks around his departure. it said 's military bases in had been put on a state of high , but that there was no serious threat to them at the current time. The statement said that is in touch with groups and urges sides to refrain violence. Turkish Foreign Minister Hakan Fidan, said at a press conference in , " has reached a stage where the people will shape the future of their own country, today there is hope." He added, "The people cannot do this alone. attaches importance to territorial integrity. "A new administration must be established inclusively, there should be no desire for revenge. calls on actors to act with prudence and to be watchful. " organizations must not be allowed to take advantage of this situation. groups must be united. We will work for stability and safety in . US Official Daniel Shapiro said, "The will continue to maintain its presence in eastern and will take measures necessary to prevent a resurgence of the Islamic State." Shapiro, Deputy Assistant Secretary of Defence for the East, called on parties to protect civilians, particularly minorities, and respect international norms.Jubilation. Joy. Relief. Wonder. Pick your word for it — emotions, each and all of them felt by the masses, came pouring out as the clock struck zero inside Memorial Stadium. The Nebraska football program’s long eight-year bowl drought finally came to an end on a 50-degree November afternoon in downtown Lincoln. That achievement is worth celebrating on its own, but the way Nebraska got it done — dominating, rather than eking over the line against an opponent it knows well — made the accomplishment that much sweeter. Nebraska never trailed in a 44-25 win over Wisconsin on Saturday, securing the program’s first bowl game since the 2016 season. The victory also snapped a 10-game losing streak to the Badgers, and the four-game losing skid which NU entered the day with. For a Nebraska (6-5, 3-5 Big Ten) senior class which had never made the postseason before, their level of play on the field matched the seriousness of the opportunity in front of them. Particularly on the offensive side of the ball, improvements from last week’s loss to USC were evident. Offensive coordinator Dana Holgorsen, calling his second game as a member of the Nebraska coaching staff, dialed up a blistering six-play, 55-yard touchdown drive to start the game. A 45-yard kickoff return from freshman Jacory Barney Jr. set Nebraska up on the drive, with junior Heinrich Haarberg scoring the 5-yard run to secure NU’s early 7-0 lead. Having parted ways with its offensive coordinator during the week, Wisconsin, (5-6, 3-5) showed no ill effects from that shakeup as it immediately responded with a scoring drive of its own. Helped by a key missed tackle near midfield, Wisconsin found the end zone on a 4-yard passing score from Braedyn Locke to Bryson Green. After the initial scoring drive, Wisconsin took three of its next four possessions into Nebraska territory but came away with just three points from those chances. A Janiran Bonner fumble deep inside Nebraska territory set up Wisconsin with a prime scoring opportunity, but a three-and-out and delay of game penalty contributed to a 34-yard field goal sailing wide. The Badgers pushed across a 33-yard kick later in the half but also missed a second field goal from 41 yards out, a miss which resulted in a 10-play drive netting zero points. Not all of Nebraska’s first-half drives were perfect — the Huskers punted twice and fumbled once — but when things clicked, Wisconsin could do little to slow down the surging Nebraska offense. Nebraska utilized its quick passing game during its second touchdown drive, with a 27-yard gain from Emmett Johnson on a screen pass quickly being followed by a 21-yard Barney gain on a touch pass in the backfield. Running back Dante Dowdell capped off the eight-play, 80-yard touchdown drive with a 12-yard rushing score in which Jahmal Banks and Nate Boerkircher sealed the edge with a pair of punishing blocks. Nebraska also took advantage of Wisconsin’s field goal miscues by scoring touchdowns immediately following both misses. An efficient drive just prior to the halftime break ended with a toe-tap catch from Banks in the back of the end zone, a 5-yard passing score from Dylan Raiola which extended Nebraska’s lead to 21-10. Taking the ball with just 17 seconds left in the half, Wisconsin could’ve kneeled out the clock but instead opted to give running back Tawee Walker a first down carry. NU’s Nash Hutmacher made Wisconsin regret that decision by jarring the ball loose for a Bager turnover. One completion later and Nebraska brought kicker John Hohl onto the field for a 37-yard try, one he dispatched to give the Huskers a 14-point halftime lead. The 24 first-half points scored by Nebraska marked the team’s second-most all season, and the most since NU’s win over Colorado in September. The Huskers came out firing after the halftime break, too, forcing a Wisconsin three-and-out prior to putting together a scoring drive of its own. While the Nebraska drive stalled out prior to the end zone, a 45-yard Hohl field goal gave the Huskers a three-score advantage, 27-10 in their favor. Unable to trust its kicker in a similar situation, Wisconsin instead opted to keep its offense on the field for a fourth down outside the NU red zone. Walker’s carry up the middle was stuffed by the Blackshirts, resulting in a turnover on downs midway through the third quarter. When Nebraska turned that opportunity into a touchdown of its own, the game just about escaped Wisconsin’s reach. Another well-executed scoring drive, this time a seven-play march down the field which took three-plus minutes, ended in a Dowdell 3-yard touchdown run. As Nebraska’s lead reached 34-10, it marked the most points NU has scored against a Big Ten foe under head coach Matt Rhule. Wisconsin did fire back with a touchdown drive late in the third quarter and another midway through the fourth quarter. A third made field from Hohl helped keep Nebraska’s lead safe to the end, though. Nebraska can take away many positives from its win over Wisconsin, with the all-around performance of Johnson at running back and its much-improved offense taking center stage. Most important of all was the fact that Saturday’s win meant six on the season, a mark Nebraska fans hadn’t celebrated since the 2016 season. That major season milestone now secured, Nebraska’s regular season will come to a close during a Black Friday matchup against the Iowa Hawkeyes. Get local news delivered to your inbox!None

China has reiterated its commitment to strengthening its longstanding relationship with Bangladesh, a bond that has grown significantly in recent years. The recent inauguration of the Padma Bridge Rail Link Project on December 24, is a testament to this evolving partnership. This project, a milestone in Bangladesh’s infrastructure development, highlights the depth of cooperation between the two nations and underscores China’s active role in Bangladesh’s progress under the Belt and Road Initiative (BRI). The Padma Bridge Rail Link Project is the largest infrastructure project ever undertaken by China in Bangladesh. It promises to revolutionize transportation by reducing travel time between the Capital city of Dhaka and the western region - Jessore from 10 hours to just 2 hours. This significant improvement in connectivity is expected to benefit over 80 million people in the region. Beyond its immediate impact on travel, the project is forecasted to boost Bangladesh’s GDP by 1.5% and create thousands of local jobs. Moreover, it offers an invaluable opportunity to train local workers, contributing to the development of a skilled workforce capable of supporting the country’s future industrial and infrastructure growth. China’s involvement in Bangladesh extends beyond infrastructure. Over the past fiscal year, Bangladesh has seen a remarkable threefold increase in Chinese Foreign Direct Investment (FDI). Over 20 Chinese companies have established their South Asian headquarters in Bangladesh, signifying growing confidence in the country’s economic potential. Within the last four months alone, 11 Chinese enterprises have invested $180 million in various sectors in Bangladesh. This trend is expected to continue as more Chinese-financed projects are being planned. These investments reflect China’s recognition of Bangladesh as a critical partner in South Asia and its strategic gateway to the region. China’s commitment to Bangladesh’s development is also evident in the renewable energy sector. Chinese enterprises are exploring the establishment of solar panel manufacturing plants in Bangladesh. China to cut import tariffs on some recycled copper and aluminium raw materials A delegation of Chinese photovoltaic companies, including representatives from industry leaders such as LONGi Green Energy Technology Co. Ltd., Tongwei Co., Ltd., and Yunnan Show, has already visited key institutions like the Bangladesh Investment Development Authority (BIDA) and the Bangladesh Economic Zones Authority (BEZA). This initiative aligns with Bangladesh’s ambitious goal of achieving 40% renewable energy by 2040 and reflects China’s willingness to support sustainable development in its partner countries. China has been Bangladesh’s largest trading partner for the past 15 years, a position that continues to strengthen. Bangladesh’s recent eligibility for zero-tariff treatment on 100% of taxable items exported to China marks a new era in bilateral trade relations. This preferential trade arrangement is expected to further boost exports, enhance economic ties, and diversify Bangladesh’s export portfolio. The trade benefits come at a critical juncture as Bangladesh seeks to sustain its economic momentum and integrate more deeply into the global value chain. The relationship between Bangladesh and China entered a new phase during President Xi Jinping’s historic visit to Dhaka in 2016. During the visit, both nations formalized a strategic partnership that included a $24 billion investment commitment from China to finance 27 infrastructure development projects. Pakistani food exporters return from Kuala Lumpur Simultaneously, Bangladesh became the first South Asian country to join China’s Belt and Road Initiative. This participation has opened new avenues for development and positioned Bangladesh as a vital partner in China’s global economic and strategic vision. Following the fall of Sheikh Hasina’s regime, a significant wave of anti-India sentiment has emerged among the younger generation in Bangladesh. In the shifting geopolitical landscape, China has swiftly capitalized on the diminishing Indian influence in the country. Beijing’s non-interventionist approach to Bangladesh’s domestic affairs stands in stark contrast to India’s perceived interference, which has fueled discontent. Furthermore, as an economic powerhouse, China holds a strategic advantage, offering financial assistance to Bangladesh in ways India has struggled to match, thereby solidifying its position as a key player in the region. PFC calls for urgent measures to save Murree forests from timber mafia, wildfires Bangladesh’s ties with China have always been characterized by mutual respect and shared aspirations for economic growth and development. The strategic partnership forged in 2016 has since evolved into a multifaceted relationship encompassing trade, investment, technology transfer, and infrastructure development. The Padma Bridge Rail Link Project is emblematic of the transformative potential of this partnership. Beyond its immediate economic benefits, it symbolizes the enduring friendship between the two nations. The successful implementation of similar projects in the future will only serve to strengthen this bond further. In Bangladesh, China is seen as a reliable partner that has consistently supported the nation’s development goals. Unlike many international relationships that falter during challenging times, Bangladeshis view China as a steadfast ally that remains committed to mutual progress. This perception is supported by tangible benefits such as improved infrastructure, increased foreign investments, and expanded trade opportunities. The Chinese government’s willingness to transfer technology and provide training also underscores its commitment to empowering Bangladesh for the long term. 7190 students complete SIUT programme Despite the promising trajectory of Bangladesh-China relations, challenges remain. Bangladesh must ensure that Chinese investments align with its long-term development goals and avoid falling into unsustainable debt. Effective governance and transparent project management will be crucial in maximizing the benefits of Chinese-funded initiatives. Bangladesh, in turn, must leverage these opportunities to accelerate its journey toward becoming a middle-income country and beyond. With careful planning, transparent governance, and continued collaboration, the partnership between Bangladesh and China will remain a cornerstone of regional prosperity for years to come. China’s commitment to Bangladesh is not merely a gesture of goodwill but a strategic partnership that holds immense potential. As both nations navigate the complexities of global economic and geopolitical landscapes, their enduring friendship stands as a testament to what can be achieved through mutual respect, shared goals, and visionary leadership. National Bank achieves significant regulatory milestone M A Hossain The writer is a political and defense analyst based in Bangladesh. He can be reached at writetomahossain@gmail.com Tags: bangladesh china partnershipFinancial Highlights : 4 th Quarter consolidated sales of $446.7 million; $1.80 billion for fiscal 2024 Outstanding debt reduced by $53.8 million during the quarter Cost reduction actions progressing well Company sets adjusted EBITDA guidance for fiscal 2025 Webcast: Friday, November 22, 2024, 9:00 a.m., (201) 689-8471 PITTSBURGH, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for the quarter and fiscal year ended September 30, 2024. In discussing the Company’s results, Joseph C. Bartolacci, President and Chief Executive Officer, stated: “Our consolidated operating results for the fiscal 2024 fourth quarter reflected another quarter of solid performance by our core businesses and, consistent with prior quarters, was impacted by continuing customer delays in our energy business. Our previously announced cost reduction program is now underway, as evidenced by the charges reflected in our GAAP results this quarter, and progressing well. Overall, we were pleased with the consolidated operating results as we again demonstrated the resilience of Matthews and our employees in mitigating the challenges faced by one of our segments. For the year ended September 30, 2024, consolidated adjusted EBITDA was $205.2 million. “The Memorialization segment reported higher adjusted EBITDA for the current quarter despite lower unit volumes, which were related to a decline in U.S. deaths compared to a year ago. Ongoing cost control efforts combined with improved price realization were the key drivers in the improvement in operating margins. This segment has done a tremendous job of maintaining its level of performance over the past several years despite the declines in unit volume following the pandemic. “We are also pleased to report that our SGK Brand Solutions segment reported another consecutive quarter of year-over-year sales growth. This segment has stabilized nicely over the last two years with modest improvements in margins and is continuing its recovery following the global impacts of the pandemic and the European impact of the Russia-Ukraine war. Sales for the segment increased compared to a year ago primarily reflecting improved pricing to mitigate inflationary cost increases, higher sales for the merchandising and private label businesses, and growth in the Asia-Pacific market. “Sales for the Industrial Technologies segment for the fiscal 2024 fourth quarter declined from a year ago primarily resulting from further customer delays in our energy business. The current quarter also reflected a continued soft warehouse automation market; however, order rates have been improving recently which could bode well for a good recovery next fiscal year. “With respect to our cost reduction program, current quarter charges include non-cash goodwill impairment and other asset write-downs primarily in connection with our European operations, in addition to severance and other costs. The program is also targeting general and administrative cost reductions. For our fiscal 2024 fourth quarter, we reported another quarter of lower corporate and non-operating costs compared to a year ago. For the year, corporate and non-operating costs were approximately 5% lower than last year. “During the fiscal 2024 fourth quarter, we reduced our outstanding debt by $53.8 million. In addition, we completed the refinancing of outstanding senior notes due December 1, 2025. Due to current interest rates and the ongoing strategic review of our business portfolio, we opted for a shorter-term bond (three-year maturity) with an ability to call in one year. We are projecting higher operating cash flow next year as our working capital investments in fiscal 2024 begin to convert to operating cash flow, which will be partially mitigated by costs in connection with our cost reduction program. “Looking forward to fiscal 2025, we continue to face the uncertainty of project timing in our Industrial Technologies segment, specifically relating to our energy business. While we currently expect deliveries to be substantially completed during the year, quarterly timing is still difficult to forecast. Our cost reduction programs should mitigate some of this impact. “We expect another solid performance for our Memorialization business in fiscal 2025 as U.S. deaths appear to have generally normalized following COVID and we are projecting continued growth in our cremation-related products sales. Continued growth is also projected for our SGK Brand Solutions segment reflecting ongoing improvement in U.S. market conditions, more stable conditions in Europe, and further growth in the Asia-Pacific region. In the Industrial Technologies segment, our product identification business is projecting growth next year and we should start to realize benefits from the launch of a new printhead product, which is currently scheduled for the latter half of the fiscal year. Also, as noted earlier, recent improving order rates for warehouse automation solutions should support recovery in this business. With these considerations in mind, we remain cautious and are projecting adjusted EBITDA in the range of $205 million to $215 million for fiscal 2025. “Lastly, as growth opportunities for the Industrial Technologies segment continue to emerge, the Company has been exploring strategies with respect to its portfolio of businesses. Accordingly, we have retained J.P. Morgan to support the evaluation of potential strategic alternatives.” Fourth Quarter Fiscal 2024 Consolidated Results (Unaudited) Consolidated sales for the fiscal 2024 fourth quarter were $446.7 million, compared to $480.2 million for the fiscal 2023 fourth quarter, representing a decrease of $33.5 million. Net loss attributable to the Company for the quarter ended September 30, 2024 was $68.2 million, or $2.21 per share, compared to net income of $17.7 million, or $0.56 per share, for the same quarter last year. On a non-GAAP adjusted basis, earnings for the fiscal 2024 fourth quarter were $0.55 per share, compared to $0.96 per share a year ago. The net loss on a GAAP basis in the current fiscal quarter primarily reflected asset write-downs, including a goodwill impairment charge, and charges in connection with cost reduction programs. Adjusted EBITDA (net income before interest expense, income taxes, depreciation and amortization, and other adjustments) for the fiscal 2024 fourth quarter was $58.1 million, compared to $61.9 million a year ago, primarily reflecting lower adjusted EBITDA in the Industrial Technologies segment. Fiscal 2024 Consolidated Results (Unaudited) Consolidated sales for the year ended September 30, 2024 were $1.80 billion, compared to $1.88 billion a year ago, representing a decrease of $85.2 million, or 4.5%, from the prior year. Net loss attributable to the Company for the year ended September 30, 2024 was $59.7 million ($1.93 per share), compared to net income of $39.3 million ($1.26 per share) for fiscal 2023. On a non-GAAP adjusted basis, earnings for the year ended September 30, 2024 were $2.17 per share, compared to $2.88 per share last year. The net loss on a GAAP basis for the current fiscal year primarily resulted from asset write-downs, including a goodwill impairment charge, and charges in connection with cost reduction programs. Adjusted EBITDA for the year ended September 30, 2024, was $205.2 million, compared to $225.8 million a year ago. The decrease reflected lower adjusted EBITDA for the Industrial Technologies and Memorialization segments, offset partially by higher adjusted EBITDA for SGK Brand Solutions and lower corporate and other non-operating costs. Webcast The Company will host a conference call and webcast on Friday, November 22, 2024, at 9:00 a.m. Eastern Time to review its financial and operating results and discuss its corporate strategies and outlook. A question-and-answer session will follow. The conference call can be accessed by dialing (201) 689-8471. The audio webcast can be monitored at www.matw.com . As soon as available after the call, a transcript of the call will be posted on the Investor Relations section of the Company’s website at www.matw.com . About Matthews International Corporation Matthews International Corporation is a global provider of memorialization products, industrial technologies, and brand solutions. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets, cremation-related products, and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. The Industrial Technologies segment includes the design, manufacturing, service and sales of high-tech custom energy storage solutions; product identification and warehouse automation technologies and solutions, including order fulfillment systems for identifying, tracking, picking and conveying consumer and industrial products; and coating and converting lines for the packaging, pharma, foil, décor and tissue industries. The SGK Brand Solutions segment is a leading provider of packaging solutions and brand experiences, helping companies simplify their marketing, amplify their brands and provide value. The Company has over 11,000 employees in more than 30 countries on six continents that are committed to delivering the highest quality products and services. Forward-looking Information Any forward-looking statements contained in this release are included pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies of the Company regarding the future, and may be identified by the use of words such as “expects,” “believes,” “intends,” “projects,” “anticipates,” “estimates,” “plans,” “seeks,” “forecasts,” “predicts,” “objective,” “targets,” “potential,” “outlook,” “may,” “will,” “could” or the negative of these terms, other comparable terminology and variations thereof. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company’s actual results in future periods to be materially different from management’s expectations, and no assurance can be given that such expectations will prove correct. Factors that could cause the Company's results to differ materially from the results discussed in such forward-looking statements principally include changes in domestic or international economic conditions, changes in foreign currency exchange rates, changes in interest rates, changes in the cost of materials used in the manufacture of the Company's products, any impairment of goodwill or intangible assets, environmental liability and limitations on the Company’s operations due to environmental laws and regulations, disruptions to certain services, such as telecommunications, network server maintenance, cloud computing or transaction processing services, provided to the Company by third-parties, changes in mortality and cremation rates, changes in product demand or pricing as a result of consolidation in the industries in which the Company operates, or other factors such as supply chain disruptions, labor shortages or labor cost increases, changes in product demand or pricing as a result of domestic or international competitive pressures, ability to achieve cost-reduction objectives, unknown risks in connection with the Company's acquisitions and divestitures, cybersecurity concerns and costs arising with management of cybersecurity threats, effectiveness of the Company's internal controls, compliance with domestic and foreign laws and regulations, technological factors beyond the Company's control, impact of pandemics or similar outbreaks, or other disruptions to our industries, customers, or supply chains, the impact of global conflicts, such as the current war between Russia and Ukraine, the outcome of the Company's dispute with Tesla, Inc. ("Tesla"), and other factors described in the Company’s Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission. Reconciliations of Non-GAAP Financial Measures Included in this report are measures of financial performance that are not defined by GAAP, including, without limitation, adjusted EBITDA, adjusted net income and EPS, constant currency sales, constant currency adjusted EBITDA, net debt and net debt leverage ratio. The Company defines net debt leverage ratio as outstanding debt (net of cash) relative to adjusted EBITDA. The Company uses non-GAAP financial measures to assist in comparing its performance on a consistent basis for purposes of business decision-making by removing the impact of certain items that management believes do not directly reflect the Company’s core operations including acquisition and divestiture costs, ERP integration costs, strategic initiative and other charges (which includes non-recurring charges related to certain commercial and operational initiatives and exit activities), stock-based compensation and the non-service portion of pension and postretirement expense. Constant currency sales and constant currency adjusted EBITDA remove the impact of changes due to foreign exchange translation rates. To calculate sales and adjusted EBITDA on a constant currency basis, amounts for periods in the current fiscal year are translated into U.S. dollars using exchange rates applicable to the comparable periods of the prior fiscal year. Management believes that presenting non-GAAP financial measures is useful to investors because it (i) provides investors with meaningful supplemental information regarding financial performance by excluding certain items that management believes do not directly reflect the Company's core operations, (ii) permits investors to view performance using the same tools that management uses to budget, forecast, make operating and strategic decisions, and evaluate historical performance, and (iii) otherwise provides supplemental information that may be useful to investors in evaluating the Company’s results. The Company's calculations of its non-GAAP financial measures, however, may not be comparable to similarly titled measures reported by other companies. The Company believes that the presentation of these non-GAAP financial measures, when considered together with the corresponding GAAP financial measures and the reconciliations to those measures, provided herein, provide investors with an additional understanding of the factors and trends affecting the Company’s business that could not be obtained absent these disclosures. * Depreciation and amortization was $7,368 and $6,646 for the Memorialization segment, $6,028 and $5,600 for the Industrial Technologies segment, $9,724 and $11,299 for the SGK Brand Solutions segment, and $1,209 and $1,172 for Corporate and Non-Operating, for the three months ended September 30, 2024 and 2023, respectively. Depreciation and amortization was $27,768 and $23,738 for the Memorialization segment, $23,772 and $23,184 for the Industrial Technologies segment, $38,667 and $44,842 for the SGK Brand Solutions segment, and $4,563 and $4,766 for Corporate and Non-Operating, for the fiscal years ended September 30, 2024 and 2023, respectively. ** Acquisition costs, ERP integration costs, non-recurring/incremental COVID-19 costs, and strategic initiatives and other charges were $1,309 and $22 for the Memorialization segment, $40,069 and $614 for the Industrial Technologies segment, $307 and $3,878 for the SGK Brand Solutions segment, and $6,784 and $2,502 for Corporate and Non-Operating, for the three months ended September 30, 2024 and 2023, respectively. Acquisition costs, ERP integration costs, non-recurring/incremental COVID-19 costs, and strategic initiatives and other charges were $3,514 and $1,002 for the Memorialization segment, $54,357 and $4,108 for the Industrial Technologies segment, $3,001 and $10,905 for the SGK Brand Solutions segment, and $10,290 and $3,201 for Corporate and Non-Operating, for the fiscal years ended September 30, 2024 and 2023, respectively. † Strategic initiatives and other charges includes charges for exit and disposal activities (including severance and other employee termination benefits) totaling $41,353 and $6,003 for the three months ended September 30, 2024 and 2023, respectively. $29,283, $1,492, and $10,578 were presented in cost of sales, selling expense, and administrative expense for the three months ended September 30, 2024, respectively. Charges of $4,925 and $1,429, and a credit of $351 were presented in cost of sales, selling expense, and administrative expense for the three months ended September 30, 2023, respectively. Strategic initiatives and other charges includes charges for exit and disposal activities (including severance and other employee termination benefits) totaling $45,705 and $13,210 for the fiscal years ended September 30, 2024 and 2023, respectively. $32,526, $1,379 and $11,800 were presented in cost of sales, selling expense, and administrative expense for the fiscal year ended September 30, 2024, respectively. $9,028, $1,925 and $2,257 were presented in cost of sales, selling expense, and administrative expense for the fiscal year ended September 30, 2023, respectively. Accrued severance and other employee termination benefits totaled $42,245 and $7,321 as of September 30, 2024 and 2023, respectively. Matthews International Corporation Corporate Office Two NorthShore Center Pittsburgh, PA 15212-5851 Phone: (412) 442-8200

Rajpura (Punjab) [India], December 8 (ANI): Punjab and Haryana police met with farmer leaders in Rajpura on Sunday to discuss concerns over the ongoing farmers' protest after farmer leaders called off the 'Jatha' following injuries to over eight farmers. Tensions escalated at the Punjab-Haryana Shambhu border, where police used tear gas to block farmers attempting to march to Delhi. Also Read | Uttarakhand CM Pushkar Singh Dhami Launches Winter Char Dham Yatra, Performs Puja at Omkareshwar Temple in Ukhimath. Farmer leader Sarwan Singh Pandher had earlier accused the Punjab government of siding with the central government to suppress the protest. Opposition leaders slammed the government's handling of the situation, highlighting issues faced by farmers, such as fertilizer shortages and the Minimum Support Price (MSP). Further discussions are scheduled for Monday to plan the next steps of the protest. Meanwhile, the Haryana government imposed an internet shutdown in several villages to prevent misinformation, and the central government has yet to respond to key demands. Also Read | Maharashtra Assembly Special Session: 106 Legislators-Elect Take Oath As MLA. In the Sunday meeting in Rajpura, farmer leader Sarwan Singh Pandher and other officials, including Patiala DIG Mandeep Singh Sidhu, participated in the discussions. "A very detailed discussion took place with the farmers... The talks happened in a positive atmosphere, and future rounds of talks will also take place with the farmers," said DIG Sidhu. Ambala DC Parth Gupta stated, "We held a meeting with the farm leaders... Efforts are being made to find a solution." SSP Patiala, Nanak Singh, added, "The meeting happened in a very positive atmosphere... Various officials were present at the meeting. These kinds of meetings will continue." Despite the government's efforts to initiate dialogue, tensions escalated at the Punjab-Haryana Shambhu border, where police used tear gas and attempted to block protesting farmers heading towards Delhi. The farmers' 'Dilli Chalo' march was disrupted after police action at the Shambhu border, leading to injuries among protesters. Farmer leader Sarwan Singh Pandher announced the withdrawal of a group, or "jatha," of 101 farmers scheduled to march towards Delhi on Sunday. "Today we have decided to withdraw the 'jatha.' The agitation will continue today. One farmer has been admitted to PGI and is in serious condition, and 8-9 farmers are injured, so we have withdrawn the 'jatha.' After the meeting, we will tell you about the future program," Pandher said. The injured farmers include Resham Singh, Dilbagh Singh, Mehr Singh, Karnail Singh, Harbhajan Singh, and Kulwinder Singh. Of these, four are in serious condition, with one referred to PGI for treatment. Pandher alleged that the government used excessive force against peaceful protesters. "First, they showered flowers on us, then they fired rubber bullets at us and threw chemicals on us. Several farmers are injured," he said. Pandher slammed the Punjab government, accusing it of aligning with the central government to suppress farmers. "We used to say that Bhagwant Mann's government has some sort of alliance with the central government. Today, the way media is being stopped, the CM and Arvind Kejriwal should come forward and explain this. They (AAP) say that they are with farmers and labourers, then why are they stopping the media? Bhagwant Mann government's face has been exposed," Pandher said. He also accused the state government of attempting to conceal the central government's actions. "The Punjab government is trying to put a shutter on what is being done by the central government," he added. Tensions ran high at the Punjab-Haryana Shambhu border as police deployed tear gas and water cannons to disperse protesters. Drone footage showed police blocking farmers at the border, leading to verbal altercations. DSP Shahabad Ramkumar stated, "The team has been deployed here since morning... We gave clear instructions that we will check their (farmers') identity and permission, and only then will we allow them to move forward... They disagreed. We want them to maintain peace and enter after taking permission." The protests drew sharp reactions from opposition leaders. Former Haryana Chief Minister Bhupinder Singh Hooda criticised the BJP-led government's handling of the situation. "Democracy allows everyone the right to voice their opinion. Stopping farmers from expressing their views is undemocratic. The government must engage in dialogue to address the issues farmers are facing and find immediate solutions," Hooda said. He highlighted the challenges farmers face, including a shortage of fertilizers and irrigation supplies. "When farmers need fertilizer for sowing, there is no DAP. When they need irrigation, there is no urea, and crops get damaged. These are the problems farmers are facing. The government should address these issues and find solutions," Hooda added. Referring to the ongoing Minimum Support Price (MSP) issue, Hooda stated, "The central government is supposed to provide this (MSP). They (The central government) say they are giving MSP for 24 crops, but the reality is different. During the elections, the Chief Minister had promised Rs 3,100 per quintal for paddy, but now the rate is Rs 2,320, and farmers are getting even less than that." Congress leader Ajay Rai also condemned the government's approach, alleging that farmers are facing severe injustices. "The government is committing atrocities against farmers, and they are adamant about their demands. False assurances have been given. Farmers are being arrested. Initially, they used to get 50 kg of fertilizer, then it was reduced to 45 kg, and now they are only getting 40 kg. Congress stands with them," Rai said. Farmer leader Pandher confirmed that further discussions among farmer groups are scheduled for Monday to assess the situation and plan their next steps. "Both the forums will hold a meeting tomorrow and will chalk out the further strategy," he said. Pandher also expressed frustration over the government's alleged unwillingness to engage in meaningful dialogue. "The Modi government has the most powerful means and resources in the world to spread false propaganda and misinformation. The government does not seem to have any intention of resolving this issue through dialogue with us," he said. Meanwhile, on Friday, Union Minister of State for Agriculture Bhagirath Choudhary, however, reiterated the government's willingness to engage with the farmers. "Doors are open for the farmers to come and have a dialogue regarding their issues. I am also their brother, and if they want to come, doors are open. If they want us to go there, we will go in between them to have a dialogue," Choudhary said. On Friday, the 'Dilli Chalo' march was called off for the day after several farmers were injured during clashes with police at the Punjab-Haryana Shambhu border. The situation escalated when police used tear gas to disperse the farmers, leading to injuries. Farmer leader Sarwan Singh Pandher said, "We have called off the 'Jatha,' not the march to Delhi. Six farmers have been injured." Speaking at the Shambhu border, he added, "They (police) will not let us go to Delhi. Farmer leaders have been injured; we will hold a meeting to decide the future strategy." Criticism of the government's handling of the protests poured in from opposition leaders. Rahul Gandhi, Congress leader and Leader of Opposition in the Lok Sabha, condemned the use of tear gas on farmers. He urged the government to address their demands, including a legal guarantee for Minimum Support Price (MSP) and loan waivers. "Farmers want to come to Delhi to put forward their demands before the government and express their pain. Firing tear gas shells on them and trying to stop them in various ways is condemnable. The government should listen to their demands and problems seriously," Gandhi said in a post on X (formerly Twitter). He also highlighted the plight of farmers, stating, "The suffering of the farmers can be gauged from the fact that today in the country, one farmer is forced to commit suicide every hour. The country has not forgotten the martyrdom of more than 700 farmers in the first farmers' movement due to the extreme insensitivity of the Modi government." Haryana Chief Minister Nayab Singh Saini, however, slammed the opposition for politicising the protests. He claimed that Prime Minister Narendra Modi has consistently worked in favour of farmers and accused Congress of being responsible for their plight. "The farmers' issue is not a matter of politics. PM Modi has always worked in favour of farmers and has taken decisions that are good for them. Congress is responsible for the current situation of farmers in the country. The opposition should not politicise this issue," Saini said. Meanwhile, the Haryana government had ordered an internet shutdown in ten villages of Ambala from December 6 to 9 to prevent the spread of misinformation. Essential services like banking and mobile recharges remained operational. As tensions persist, the Bhartiya Kisan Parishad (BKP), along with other farmer groups, continues to push for demands including compensation, a legal guarantee for MSP, and permission to protest in Delhi. The central government has yet to respond to these demands, leaving the future of the protests uncertain. (ANI) (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)Don Jr.'s new girlfriend Bettina Anderson drops defiant response to critics who branded her a 'social climber'Google, Anthropic Deal In Jeopardy As US Justice Department Looks To Snap Online Search Monopoly

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Townsquare Capital LLC increased its holdings in shares of Valley National Bancorp ( NASDAQ:VLY – Free Report ) by 11.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,365 shares of the company’s stock after buying an additional 1,521 shares during the quarter. Townsquare Capital LLC’s holdings in Valley National Bancorp were worth $130,000 at the end of the most recent reporting period. Several other institutional investors have also recently bought and sold shares of VLY. AQR Capital Management LLC raised its position in Valley National Bancorp by 193.2% in the second quarter. AQR Capital Management LLC now owns 10,173,791 shares of the company’s stock valued at $69,233,000 after purchasing an additional 6,703,552 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Valley National Bancorp by 1,501.7% in the 3rd quarter. Victory Capital Management Inc. now owns 5,676,685 shares of the company’s stock valued at $51,431,000 after buying an additional 5,322,278 shares during the last quarter. Millennium Management LLC boosted its position in Valley National Bancorp by 995.0% during the 2nd quarter. Millennium Management LLC now owns 2,775,698 shares of the company’s stock worth $19,374,000 after buying an additional 2,522,204 shares during the period. Point72 Asset Management L.P. grew its holdings in Valley National Bancorp by 461.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 567,303 shares of the company’s stock worth $3,960,000 after acquiring an additional 466,303 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Valley National Bancorp by 103.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 843,376 shares of the company’s stock worth $5,887,000 after acquiring an additional 428,851 shares during the last quarter. Institutional investors and hedge funds own 61.00% of the company’s stock. Valley National Bancorp Price Performance Shares of VLY opened at $10.51 on Friday. The firm has a market cap of $5.35 billion, a PE ratio of 16.95 and a beta of 1.09. Valley National Bancorp has a 52-week low of $6.47 and a 52-week high of $11.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.97 and a current ratio of 0.99. The business’s 50 day moving average price is $9.73 and its two-hundred day moving average price is $8.43. Valley National Bancorp Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.44 annualized dividend and a dividend yield of 4.19%. Valley National Bancorp’s dividend payout ratio is presently 70.97%. Analyst Ratings Changes A number of equities analysts have recently commented on VLY shares. StockNews.com lowered shares of Valley National Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Barclays upped their price target on Valley National Bancorp from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday. Wedbush reissued a “neutral” rating and issued a $10.00 price target on shares of Valley National Bancorp in a research note on Friday, October 25th. Royal Bank of Canada lifted their price objective on Valley National Bancorp from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Morgan Stanley increased their target price on shares of Valley National Bancorp from $9.50 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.00. Check Out Our Latest Stock Report on Valley National Bancorp About Valley National Bancorp ( Free Report ) Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments. Featured Articles Want to see what other hedge funds are holding VLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valley National Bancorp ( NASDAQ:VLY – Free Report ). Receive News & Ratings for Valley National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valley National Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .Mire aims to be more consistent

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They are investigating whether his short-lived martial law decree earlier this month amounted to rebellion. The Corruption Investigation Office for High-Ranking Officials, which is leading a joint investigation with police and military authorities into the power grab that lasted only a few hours, confirmed it requested the warrant on Monday. Investigators plan to question Mr Yoon on charges of abuse of authority and orchestrating a rebellion. Mr Yoon has dodged several requests by the joint investigation team and public prosecutors to appear for questioning and has also blocked searches of his offices. It is not clear whether the court will grant the warrant or whether Mr Yoon can be compelled to appear for questioning. Under the country’s laws, locations potentially linked to military secrets cannot be seized or searched without the consent of the person in charge and it is unlikely Mr Yoon will voluntarily leave his residence if he faces detainment. Mr Yoon’s presidential powers were suspended after the National Assembly voted to impeach him on December 14 over his imposition of martial law that lasted only hours but has triggered weeks of political turmoil, halted high-level diplomacy and rattled financial markets. His fate lies with the Constitutional Court, which has begun deliberations on whether to uphold the impeachment and formally remove Mr Yoon from office or reinstate him. Mr Yoon has defended the martial law decree as a necessary act of governance, describing it as a warning against the liberal opposition Democratic Party, which has been bogging down his agenda with its majority in the parliament. Parliament voted last week to also impeach Prime Minister Han Duck-soo, who had assumed the role of acting president after Mr Yoon’s powers were suspended, over his reluctance to fill three Constitutional Court vacancies ahead of the court’s review of Mr Yoon’s case. The country’s new interim leader is Deputy Prime Minister Choi Sang-mok, who is also finance minister.

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Dukes take down Jacksonville State in Boardwalk BatttleWASHINGTON (AP) — As a former and potentially future president, Donald Trump hailed what would become Project 2025 as a road map for “exactly what our movement will do” with another crack at the White House. As the blueprint for a hard-right turn in America became a liability during the 2024 campaign, Trump pulled an about-face . He denied knowing anything about the “ridiculous and abysmal” plans written in part by his first-term aides and allies. Now, after being elected the 47th president on Nov. 5, Trump is stocking his second administration with key players in the detailed effort he temporarily shunned. Most notably, Trump has tapped Russell Vought for an encore as director of the Office of Management and Budget; Tom Homan, his former immigration chief, as “border czar;” and immigration hardliner Stephen Miller as deputy chief of policy . Those moves have accelerated criticisms from Democrats who warn that Trump's election hands government reins to movement conservatives who spent years envisioning how to concentrate power in the West Wing and impose a starkly rightward shift across the U.S. government and society. Trump and his aides maintain that he won a mandate to overhaul Washington. But they maintain the specifics are his alone. “President Trump never had anything to do with Project 2025,” said Trump spokeswoman Karoline Leavitt in a statement. “All of President Trumps' Cabinet nominees and appointments are whole-heartedly committed to President Trump's agenda, not the agenda of outside groups.” Here is a look at what some of Trump's choices portend for his second presidency. The Office of Management and Budget director, a role Vought held under Trump previously and requires Senate confirmation, prepares a president's proposed budget and is generally responsible for implementing the administration's agenda across agencies. The job is influential but Vought made clear as author of a Project 2025 chapter on presidential authority that he wants the post to wield more direct power. “The Director must view his job as the best, most comprehensive approximation of the President’s mind,” Vought wrote. The OMB, he wrote, “is a President’s air-traffic control system” and should be “involved in all aspects of the White House policy process,” becoming “powerful enough to override implementing agencies’ bureaucracies.” Trump did not go into such details when naming Vought but implicitly endorsed aggressive action. Vought, the president-elect said, “knows exactly how to dismantle the Deep State” — Trump’s catch-all for federal bureaucracy — and would help “restore fiscal sanity.” In June, speaking on former Trump aide Steve Bannon’s “War Room” podcast, Vought relished the potential tension: “We’re not going to save our country without a little confrontation.” The strategy of further concentrating federal authority in the presidency permeates Project 2025's and Trump's campaign proposals. Vought's vision is especially striking when paired with Trump's proposals to dramatically expand the president's control over federal workers and government purse strings — ideas intertwined with the president-elect tapping mega-billionaire Elon Musk and venture capitalist Vivek Ramaswamy to lead a “Department of Government Efficiency.” Trump in his first term sought to remake the federal civil service by reclassifying tens of thousands of federal civil service workers — who have job protection through changes in administration — as political appointees, making them easier to fire and replace with loyalists. Currently, only about 4,000 of the federal government's roughly 2 million workers are political appointees. President Joe Biden rescinded Trump's changes. Trump can now reinstate them. Meanwhile, Musk's and Ramaswamy's sweeping “efficiency” mandates from Trump could turn on an old, defunct constitutional theory that the president — not Congress — is the real gatekeeper of federal spending. In his “Agenda 47,” Trump endorsed so-called “impoundment,” which holds that when lawmakers pass appropriations bills, they simply set a spending ceiling, but not a floor. The president, the theory holds, can simply decide not to spend money on anything he deems unnecessary. Vought did not venture into impoundment in his Project 2025 chapter. But, he wrote, “The President should use every possible tool to propose and impose fiscal discipline on the federal government. Anything short of that would constitute abject failure.” Trump's choice immediately sparked backlash. “Russ Vought is a far-right ideologue who has tried to break the law to give President Trump unilateral authority he does not possess to override the spending decisions of Congress (and) who has and will again fight to give Trump the ability to summarily fire tens of thousands of civil servants,” said Sen. Patty Murray of Washington, a Democrat and outgoing Senate Appropriations chairwoman. Reps. Jamie Raskin of Maryland and Melanie Stansbury of New Mexico, leading Democrats on the House Committee on Oversight and Accountability, said Vought wants to “dismantle the expert federal workforce” to the detriment of Americans who depend on everything from veterans' health care to Social Security benefits. “Pain itself is the agenda,” they said. Trump’s protests about Project 2025 always glossed over overlaps in the two agendas . Both want to reimpose Trump-era immigration limits. Project 2025 includes a litany of detailed proposals for various U.S. immigration statutes, executive branch rules and agreements with other countries — reducing the number of refugees, work visa recipients and asylum seekers, for example. Miller is one of Trump's longest-serving advisers and architect of his immigration ideas, including his promise of the largest deportation force in U.S. history. As deputy policy chief, which is not subject to Senate confirmation, Miller would remain in Trump's West Wing inner circle. “America is for Americans and Americans only,” Miller said at Trump’s Madison Square Garden rally on Oct. 27. “America First Legal,” Miller’s organization founded as an ideological counter to the American Civil Liberties Union, was listed as an advisory group to Project 2025 until Miller asked that the name be removed because of negative attention. Homan, a Project 2025 named contributor, was an acting U.S. Immigration and Customs Enforcement director during Trump’s first presidency, playing a key role in what became known as Trump's “family separation policy.” Previewing Trump 2.0 earlier this year, Homan said: “No one’s off the table. If you’re here illegally, you better be looking over your shoulder.” John Ratcliffe, Trump's pick to lead the CIA , was previously one of Trump's directors of national intelligence. He is a Project 2025 contributor. The document's chapter on U.S. intelligence was written by Dustin Carmack, Ratcliffe's chief of staff in the first Trump administration. Reflecting Ratcliffe's and Trump's approach, Carmack declared the intelligence establishment too cautious. Ratcliffe, like the chapter attributed to Carmack, is hawkish toward China. Throughout the Project 2025 document, Beijing is framed as a U.S. adversary that cannot be trusted. Brendan Carr, the senior Republican on the Federal Communications Commission, wrote Project 2025's FCC chapter and is now Trump's pick to chair the panel. Carr wrote that the FCC chairman “is empowered with significant authority that is not shared” with other FCC members. He called for the FCC to address “threats to individual liberty posed by corporations that are abusing dominant positions in the market,” specifically “Big Tech and its attempts to drive diverse political viewpoints from the digital town square.” He called for more stringent transparency rules for social media platforms like Facebook and YouTube and “empower consumers to choose their own content filters and fact checkers, if any.” Carr and Ratcliffe would require Senate confirmation for their posts.

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