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President Donald Trump is threatening to back election challengers against the six House Republicans who joined Democrats in voting to reverse his tariffs on Canada.

The president sent out an ominous warning to GOP lawmakers in the House and Senate just before his agenda suffered a blow on Capitol Hill Wednesday evening.

‘Any Republican, in the House or the Senate, that votes against TARIFFS will seriously suffer the consequences come Election time, and that includes Primaries!’ Trump posted on Truth Social.

He argued that the trade deficit was reduced significantly while U.S. financial markets hit significant high points because of his tariff policies.

‘In addition, TARIFFS have given us Great National Security because the mere mention of the word has Countries agreeing to our strongest wishes,’ Trump continued. 

‘TARIFFS have given us Economic and National Security, and no Republican should be responsible for destroying this privilege.’

Democrats successfully got a vote on a measure to reverse Trump’s national emergency at the northern border using a mechanism for forcing votes over the objections of House majority leadership called a privileged resolution.

The six Republicans who voted in favor of the measure are Reps. Dan Newhouse, R-Wash., Kevin Kiley, R-Calif., Don Bacon, R-Neb., Jeff Hurd, R-Colo., and Brian Fitzpatrick, R-Pa. 

One Democrat, Rep. Jared Golden, D-Maine, voted with the majority of Republicans on the matter. It passed 219-211.

It’s not clear how much impact Trump’s threat will have, however.

Both Newhouse and Bacon are not running for re-election in the 2026 midterms, and Trump is already endorsing a primary challenger against Massie.

Kiley, whose district was severely impacted by California Democrats’ new congressional map, has not yet said whether he will run for re-election or where he will do it.

Fitzpatrick and Hurd are both well-liked incumbents in their districts, which are top targets for Democrats come November.

Trump signed an executive order in February 2025, enacting an additional 25% tariff on most goods from Canada and Mexico. Energy from Canada was subject to an additional 15% tariff.

At the time, the White House said it was punishment for those countries’ unwillingness to do more to stop the flow of illegal immigrants and illicit drugs into the U.S.

Opponents of Trump’s tariff strategy have criticized his moves against Canada in particular, arguing it was unjustly harming one of the closest allies of the U.S. and trading partners to the detriment of Americans themselves.

But Republicans who voted against the legislation pointed out that Trump said the fentanyl crisis was the reason for issuing the emergency in the first place, and said the drug was still killing Americans.

The legislation now heads to the Senate, where Republicans have voted to rebuke Trump’s tariff strategy in the past despite similar warnings from the president.

This post appeared first on FOX NEWS

Iran dominated the agenda in Wednesday’s White House meeting between President Donald Trump and Israeli Prime Minister Benjamin Netanyahu, with both leaders signaling that diplomacy with Tehran remains uncertain and that coordination will continue if talks fail.

In a post on Truth Social following the meeting, Trump said he pushed for continued negotiations but left open other options.

‘There was nothing definitive reached other than I insisted that negotiations with Iran continue to see whether or not a deal can be consummated. If it can, I let the Prime Minister know that will be a preference. If it cannot, we will just have to see what the outcome will be… Last time Iran decided that they were better off not making a deal, and they were hit with Midnight Hammer — That did not work well for them.’

Netanyahu’s office said the leaders discussed Iran, Gaza and broader regional developments and agreed to maintain close coordination, adding that the prime minister emphasized Israel’s security needs in the context of negotiations.

Earlier in the day, Netanyahu formally joined the U.S.-backed Board of Peace, signing onto the initiative ahead of the meeting after weeks of hesitation. The move places Israel inside a forum that includes Western partners as well as Turkey and Qatar, whose involvement in Gaza has drawn criticism in Jerusalem.

Experts say the decision reflects strategic calculations tied to both Gaza and Iran.

Dr. Dan Diker, president of the Jerusalem Center for Security and Foreign Affairs, said Netanyahu’s participation is directly linked to cooperation with Washington and to shaping postwar arrangements in Gaza.

‘It is in Israel’s interest for Prime Minister Benjamin Netanyahu to join the Board of Peace. He needs a place at that table even alongside adversarial powers such as Muslim Brotherhood-aligned countries Qatar and Turkey. Netanyahu’s membership in the Board of Peace is an important element in his cooperation with President Trump to help implement the 20-point plan, with deradicalization, disarming Hamas and demilitarization as the first three non-negotiable actions.’

Diker said the decision is also tied to Iran. ‘More strategic reason that Netanyahu’s membership on the Board of Peace is important is that it represents an element of cooperation to counter the Iranian regime. Netanyahu is likely counting on action against the Iranian regime from the Iranian people themselves and from the United States in the coming weeks. In exchange, Netanyahu continues to cooperate in implementing the 20-point plan in Gaza as part of a quid pro quo.’

Blaise Misztal, vice president for policy at the Jewish Institute for National Security of America, described Israel’s move as a pragmatic choice shaped by the incomplete implementation of the Gaza deal and the broader regional threat environment.

‘The implementation of the Gaza peace deal leaves much to be desired. Hamas, despite being given 72 hours to release all hostages, took over 100 days to do so; Hamas has still not disarmed; there is neither an International Stabilization Force nor any countries jumping at the chance to join it; and the Board of Peace comprises countries that have shown themselves enemies of peace with Israel.’

He said Israel ultimately chose engagement over isolation. ‘Proceeding with the deal — including joining the Board of Peace — is Israel’s least bad option. Israel has a better chance of countering or balancing Turkish and Qatari influence on the Board of Peace by being in the room with them, rather than outside it.’

Misztal also linked the timing to Iran. ‘With the United States having a real chance to disarm, or even topple, the Iranian regime and the risk that Tehran might yet lash out at Israel, there is no interest in doing anything that would risk restarting the war in Gaza.’

This post appeared first on FOX NEWS

The House of Representatives passed legislation on Wednesday aimed at reversing President Donald Trump’s tariffs on Canada after several Republicans joined Democrats for a rare rebuke of the GOP commander-in-chief.

Democrats successfully got a vote on a measure to reverse Trump’s national emergency at the northern border using a mechanism for forcing votes over the objections of House majority leadership, called a privileged resolution.

Trump signed an executive order in February 2025 implementing an additional 25% tariff on most goods from Canada and Mexico. Energy from Canada was subject to an additional 15% tariff.

At the time, the White House said it was punishment for those countries’ unwillingness to do more to stop the flow of illegal immigrants and illicit drugs into the U.S.

Opponents of Trump’s tariff strategy have criticized his moves against Canada in particular, arguing it was unjustly harming one of the U.S.’s closest allies and trading partners to the detriment of Americans themselves.

‘In the last year, tariffs have cost American families nearly $1,700. And that cost is expected to increase in 2026,’ Rep. Gregory Meeks, D-N.Y., who is leading the legislation, said during debate on Wednesday.

‘And since these tariffs were imposed, U.S. exports to Canada have fallen by more than 21%. When I go home, my constituents aren’t telling me that they have an extra $1,700 to spare. They’re asking me to lower grocery prices, lower the price of healthcare, and make life more affordable.’

Meeks also said, ‘Canada is our friend. Canada is our ally. Canadians have fought alongside Americans, whether it was in World War II or the war in Afghanistan, where 165 Canadians gave their lives after our country was attacked. There is no national emergency, there is no national security threat underpinning these threats.’

House Foreign Affairs Committee Chairman Brian Mast, R-Fla., argued the text of the resolution itself would end a national emergency related to fentanyl.

‘The gentleman over here, 5,000 people per year die in his state alone from fentanyl,’ Mast said of Meeks. ‘So if he wants to beg the question of who’s going to pay the price of him trying to end an emergency, that actually, for the first time, has Canada dealing with fentanyl because of the pressure being put on them — who’s going to pay the price? It’s going to be 5,000 more of his state’s residents. That’s who’s going to pay the price.’

He said the resolution was ‘not a debate about tariffs’ but rather Democrats trying to ‘ignore that there is a fentanyl crisis.’

The resolution was filed by Democrats months ago but was put on hold by an active measure by House GOP leaders that blocked the House from reversing Trump’s emergency declarations.

The president has used emergency declarations to bypass Congress on the subject of tariffs, a move that has drawn mixed reviews from Capitol Hill.

But that measure expired last month, and House GOP leaders’ bid to extend it through July 31 crashed and burned on Tuesday night when three Republicans joined Democrats to oppose it.

‘It is time for Congress to make its voice heard on tariffs,’ Rep. Don Bacon, R-Neb., one of the Republicans who voted in opposition to the Trump policy both on Tuesday and Wednesday, told Fox News Digital.

The legislation now heads to the Senate, which has voted in the past to restrict Trump’s tariff authority.

Even if it succeeds there, however, it’s likely to be hit with a veto from the president.

This post appeared first on FOX NEWS

The House of Representatives passed a massive election integrity overhaul bill on Wednesday despite opposition from the vast majority of Democrats.

The House passed Rep. Chip Roy’s SAVE America Act, legislation that’s aimed at keeping non-citizens from voting in U.S. federal elections. 

It is an updated version of the Safeguarding American Voter Eligibility (SAVE) Act, also led by Roy, R-Texas, which passed the House in April 2025 but was never taken up in the Senate.

Whereas the SAVE Act would create a new federal proof of citizenship mandate in the voter registration process and impose requirements for states to keep their rolls clear of ineligible voters, the updated bill would also require photo ID to vote in any federal elections.

It would also require information-sharing between state election officials and federal authorities in verifying citizenship on current voter rolls and enable the Department of Homeland Security (DHS) to pursue immigration cases if non-citizens were found to be listed as eligible to vote.

Democrats have attacked the bill as tantamount to voter suppression, while Republicans argue that it’s necessary after the influx of millions of illegal immigrants who came to the U.S. during the four years of the Biden administration.

‘If we want to rebuild confidence again in American elections, we need to pass the SAVE Act,’ Rep. Mike Haridopolos, R-Fla., told Fox News Digital. ‘What better way to eliminate that distrust than to make sure that whoever votes in an American citizen who is truly eligible to vote?’

House Minority Whip Katherine Clark, D-Mass., accused Republicans of trying to make it harder for women to vote. She argued that the legislation would make it more difficult for married women to cast ballots if their surname is different from their maiden name on their birth certificate.

‘Republicans aren’t worried about non-citizens voting. They’re afraid of actual American citizens voting. Why? Because they’re losing among women,’ Clark said during debate on the House floor. ‘This is a minefield of red tape that you have put in front of women and American citizens and their right to vote.’

But House GOP Policy Committee Chairman Kevin Hern, R-Okla., emphasized that it was about keeping illegal immigrants from voting in U.S. elections.

‘This really is about feeding the narrative that Democrats want illegally from all over the world to come here to support them,’ Hern said of Democrats’ opposition.

If implemented, the bill could see new requirements imposed on voters in this year’s November midterm elections.

But it would have to pass the Senate, where current rules dictate that at least several Democrats are needed to meet the 60-vote threshold to overcome a filibuster.

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Director of National Intelligence Tulsi Gabbard announced she was ending the work of a task force that sought to reform the U.S. intelligence community, including rooting out what she described as the politicization of intelligence gathering, after less than a year since its creation.

Gabbard established the group in April, when it was also tasked with probing ways to reduce spending on intelligence and whether reports on high-profile topics such as COVID-19 should be declassified.

In a statement on Wednesday, Gabbard said the task force’s work was always intended to be temporary after she was tapped to oversee coordination of the 18 U.S. intelligence agencies.

‘In less than one year, we’ve brought a historic level of transparency to the intelligence community,’ Gabbard said in her statement. ‘My commitment to transparency, truth, and eliminating politicization and weaponization within the intelligence community remains central to all that we do.’

The number of officers assigned to the task force, as well as their identities, are classified, according to Gabbard’s office.

The officers will now return to other intelligence agencies to continue the work the group started, her office added.

The group sparked criticism against Gabbard after its creation, with Democrats and some intelligence insiders raising questions about whether it would be used to undermine intelligence agencies and bring them under tighter control of President Donald Trump.

Sen. Mark Warner, D-VA, vice chairman of the Senate Intelligence Committee, said last year that the group appeared to be a ‘pass for a witch hunt’ designed to target intelligence officers deemed disloyal to Trump.

‘This seems to be just a pass for a witch hunt and that’s going to further undermine our national security,’ Warner told Reuters at the time.

Gabbard has implemented significant changes to the country’s intelligence gathering in the last year, including by using agencies to back up Trump’s claims about alleged interference in the 2016 and 2020 elections.

In August, she revealed plans to cut her office’s workforce and slash more than $700 million from its annual budget. She also fired two top intelligence officials in May after concluding that they opposed Trump.

Since Gabbard took over as director, the federal government has revoked the security clearances of dozens of former and current officials, including high-profile political opponents of the president, which critics have panned as being a punishment for siding against Trump rather than posing security risks.

Gabbard’s presence for a recent FBI search of a Georgia election office in connection to the 2020 election has led to criticism from Democrats who argue she is blurring the traditional lines between foreign intelligence collection and domestic law enforcement.

The CIA has also released additional information about its investigations into the origins of COVID-19, such as an assessment released last year that affirmed the position that it most likely originated in a lab in China.

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

The operator of roughly 180 Eddie Bauer stores across the U.S. and Canada has filed for Chapter 11 bankruptcy protection, blaming declining sales and a litany of other industry headwinds.

The bankruptcy filing marks the third time in a little over two decades for the storied-but-now-tired brand that began as a Seattle fishing shop, later outfitted the first American to climb Mount Everest and made thousands of newfangled down jackets and sleeping bags for the military during World War II.

Eddie Bauer LLC said Monday it had entered into a restructuring pact with its secured lenders as it made the filing in the U.S. Bankruptcy Court for the District of New Jersey.

Most Eddie Bauer retail and outlet stores in the U.S. and Canada will remain open as the company winds down certain locations. It noted that it will conduct a court-supervised sales process, and if a sale can’t be executed, it will begin a wind-down of its U.S. and Canadian operations.

“This is not an easy decision,” said Marc Rosen, CEO of Catalyst Brands, which maintains the license to operate Eddie Bauer stores in the U.S. and Canada. “However, this restructuring is the best way to optimize value for the retail company’s stakeholders and also ensure Catalyst Brands remains profitable and with strong liquidity and cash flow.”

Eddie Bauer’s stores outside of the U.S. and Canada are operated by other licensees, are not included in the Chapter 11 filings, and will stay open, according to the release.

Authentic Brands Group continues to own the intellectual property associated with the Eddie Bauer brand and may license the brand to other operators, the company said. The operations of other brands in the Catalyst Brands portfolio are not affected by this filing and will continue in the normal course, according to the company.

Eddie Bauer’s e-commerce and wholesale operations will also not be impacted by the wind down, as they are operated by a company called Outdoor 5, LLC. That was a transition it made in January and became effective Feb. 2.

Eddie Bauer joins a growing list of U.S. retailers this year that are closing stores, as companies reorganize under bankruptcy protection or pare down their operations to focus on the most profitable businesses.

The parent company of Saks Fifth Avenue said last month that it was seeking bankruptcy protection, buffeted by rising competition and the massive debt it took on to buy its rival in the luxury sector, Neiman Marcus, just over a year ago. A few days later, the parent company said it was closing most of its Saks Off 5th stores.

Amazon said earlier this month that it was closing almost all of its Amazon Go and Amazon Fresh locations within days as it narrows its focus on food delivery and its grocery chain, Whole Foods Market.

Eddie Bauer’s namesake founder — an avid outdoorsman — started the company in Seattle in 1920 as Bauer’s Sports Shop, according to the brand’s website. In 1945, after making more than 50,000 jackets for the military, it launched a mail-order catalog.

“Bauer’s Sports Shop was not just a place where people purchased clothing and gear, it was a community hub where folks gathered to share their wisdom, learn, and talk about their experiences in the outdoors,” the website says.

The company created an American goose-down insulated jacket, known as the “Skyliner,” in 1936, and it became the company’s first patented jacket. It also outfitted the first American to climb Mount Everest — James W. Whittaker — with an Eddie Bauer parka in 1963.

After Bauer retired in 1968 and sold the business to his partner, the outdoor brand shifted more toward casual apparel and was bought by General Mills Inc. in 1971 and then by Spiegel Inc. in 1988. After Spiegel filed for bankruptcy in 2003 and most of its assets were sold, the remainder of the company was reorganized in 2005 as Eddie Bauer Holdings Inc.

In June 2009, Eddie Bauer filed bankruptcy and was acquired by Golden State Capital, the following month. In 2021, it was acquired by Authentic Brands and SPARC Group LLC.

A year ago, Catalyst was formed by the merger of SPARC and JCPenney, which Simon Property Group and fellow mall landlord Brookfield bought out of bankruptcy.

Rosen noted that even prior to the inception of Catalyst Brands last year, Eddie Bauer was in a “challenged situation.”

“Over the past year, these challenges have been exacerbated by various headwinds, including increased costs of doing business due to inflation, ongoing tariff uncertainty, and other factors,” he said.

He noted that while Catalyst’s leadership was able to make improvements in product development and marketing, those changes could not be implemented fast enough to fully address the problems created over several years.

Eddie Bauer had nearly 600 stores at its peak in 2001, according to CoStar Group Inc., a commercial real estate data firm.

In a note published earlier this month, Neil Saunders, managing director of GlobalData Retail, wrote that while the Eddie Bauer name is “well known,” the brand hasn’t kept pace with rivals like Swedish outdoor brand Fjallraven and Canadian label Arc’teryx. He also cited issues with quality deteriorating, which, for an outdoor brand measured by the performance of its products, is very problematic.

“And for many younger shoppers, the brand is seen as somewhat old-fashioned and a bit irrelevant,” he said.

This post appeared first on NBC NEWS

(TheNewswire)

  

February 10, 2026 TheNewswire – Vancouver, British Columbia, Canada – JZR Gold Inc. (the ‘Company’ or ‘JZR’) (TSX-V: JZR) today announces that subject to applicable shareholder and TSX Venture Exchange approvals, the Board of Directors of the Company has approved the amendment of an aggregate of 725,000 incentive stock options (the ‘Amended Options’) previously granted to certain directors, officers, employees and consultants of the Company under the Company’s Equity Incentive Plan (the ‘Option Amendments’). Pursuant to the Option Amendments, the expiry date has been extended to February 12, 2031, with no change to the exercise price.

  

For further information, please contact:

 

Robert Klenk

Chief Executive Officer

E: rob@jazzresources.ca
T: 604.329.9092

 

Forward-Looking Statements

 

This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future.  Forward-looking statements in this news release include statements with respect to the anticipated use of proceeds from the exercise of the Warrants.  Forward-looking information reflects the expectations or beliefs of management of the Company based on information currently available to it.  Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.  These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mineral exploration industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks related to inaccurate geological and engineering assumptions; risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with the specifications or expectations, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action and unanticipated events related to health, safety and environmental matters); risks related to adverse weather conditions; geopolitical risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company’s continuous disclosure documents filed with the Canadian securities regulators.  The forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.  The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.

 

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

 

None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act’), or any state securities law, and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States or ‘U.S. persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Copyright (c) 2026 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce an upsize to its previously announced non-brokered private placement to up to 15,000,000 units (each, a ‘Unit’) at a price of $0.20 per Unit for gross proceeds of up to $3,000,000 (the ‘Offering’). Each Unit will consist of one common share of the Company (each, a ‘Share’) and one-half-of-one share purchase warrant (each whole share purchase warrant, a ‘Warrant’). Each Warrant will entitle the holder to acquire an additional common share of the Company at a price of $0.30 for a period of thirty-six months following closing of the Offering, provided that holders will not be permitted to exercise Warrants until 60 days following closing of the Offering.

The Company expects to utilize the proceeds of the Offering for exploration work at the Company’s La Union Gold and Silver Project and North Island Copper Project, and for general working capital purposes.

The Units to be issued under the Offering will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (collectively, the ‘Listed Issuer Financing Exemption‘), in all provinces of Canada, except Quebec, and other qualifying jurisdictions, including the United States. The Units offered under the Listed Issuer Financing Exemption will be immediately ‘free-trading’ under applicable Canadian securities laws.

There is an offering document (the ‘Offering Document‘) related to this Offering that can be accessed under the Company’s profile at www.sedarplus.ca and at the Company’s website at https://questcorpmining.ca/. Prospective investors should read this Offering Document before making an investment decision.

In connection with completion of the Offering, the Company may pay finders’ fees to eligible third-parties who have introduced subscribers to the Offering. Completion of the Offering remains subject to receipt of regulatory approvals.

This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.

About Questcorp Mining Inc.

Questcorp Mining Inc. is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.

Contact Information

Questcorp Mining Corp.

Saf Dhillon, President & CEO

Email: saf@questcorpmining.ca
Telephone: (604) 484-3031

This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the intended use of proceeds from the Offering; closing of the Offering; and filing of the Offering Document. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283532

News Provided by TMX Newsfile via QuoteMedia

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Thanks to exchange-traded funds (ETFs), investors don’t have to be tied to one specific stock. When it comes to biotech ETFs, they give sector participants exposure to many biotech companies via one vehicle.

ETFs are a popular choice as they allow investors to enter the market more safely compared to investing in standalone stocks. A key advantage is that even if one company in the ETF takes a hit, the impact will be less direct.

All other figures were also current as of that date. Read on to learn more about these investment vehicles.

1. ProShares Ultra NASDAQ Biotechnology ETF (NASDAQ:BIB)

AUM: US$89.54 million

The ProShares Ultra NASDAQ Biotechnology ETF, launched in April 2010, is leveraged to offer twice daily long exposure to the broad-based NASDAQ Biotechnology Index, making it an ideal choice “for investors with a bullish short-term outlook for biotechnology or pharmaceutical companies.” However, analysts also advise investors with a low risk tolerance or a buy-and-hold strategy against investing in this fund due to its unique nature.

Of the 263 holdings in this ETF, the top biotech stocks are Gilead Sciences (NASDAQ:GILD) at a 6.78 percent weight, Amgen (NASDAQ:AMGN) at 6.23 percent and Vertex Pharmaceuticals (NASDAQ:VRTX) at 6.17 percent.

2. Direxion Daily S&P Biotech Bear 3x Shares (ARCA:LABD)

AUM: US$68.18 million

The Direxion Daily S&P Biotech Bear 3X Shares is designed to provide three times the daily return of the inverse of the S&P Biotechnology Select Industry Index, meaning that the ETF rises in value when the index falls and falls in value when the index rises.

Leveraged inverse ETFs are designed for short-term trading and are not suitable for holding long-term. They also carry a high degree of risk as they can be significantly affected by market volatility.

Unlike the other ETFs on this list, LABD achieves its investment objective through holding financial contracts such as futures rather than holding individual stocks.

3. Tema Heart and Health ETF (NASDAQ:HRTS)

AUM: US$56.55 million

Launched in November 2023, the Tema Heart and Health ETF tracks biotech stocks with a focus on diabetes, obesity and cardiovascular diseases. The fund was renamed on March 25 from Tema Cardiovascular and Metabolic ETF, and again on June 27 from the GLP-1 Obesity and Cardiometabolic ETF.

There are 46 holdings in this biotechnology fund, with about 75 percent being large-cap stocks and 22 percent mid-cap. About three-quarters of its holdings are based in the US.

This Tema ETF’s top biotech holdings are Eli Lilly and Company (NYSE:LLY) at a 10.04 percent weight, Roche Holding (OTCQX:RHHBY,SWX:ROG) at a 5.42 percent weight and Johnson & Johnson (NYSE:JNJ) at a 4.8 percent weight.

4. Global X Genomics & Biotechnology ETF (NASDAQ:GNOM)

AUM: US$51.53 million

The Global X Genomics & Biotechnology ETF tracks the Solactive Genomics Index, focusing on companies involved in gene editing, genomic sequencing, genetic medicine, computational genomics and biotech.

The ETF holds 50 stocks, with about 90 percent in the pharmaceuticals, biotechnology and life sciences sector. Its top three holdings are Moderna (NASDAQ:MRNA) at 6.33 percent, Arrowhead Pharmaceuticals (NASDAQ:ARWR) at 6.14 percent and Praxis Precision Medicines (NASDAQ:PRAX) at 5.98 percent.

5. Virtus LifeSci Biotech Products ETF (ARCA:BBP)

AUM: US$44.8 million

The Virtus LifeSci Biotech Products ETF tracks the LifeSci Biotechnology Products Index, focusing on US-listed biotech companies with at least one FDA-approved drug therapy.

Launched in December 2014 by Virtus Investment Partners, it provides targeted exposure to firms in the product stage, from startups to large players, through passive, equal-weighted holdings rebalanced semi-annually.

Its top holdings include ImmunityBio (NASDAQ:IBRX) at a weight of 3.98 percent, Mirum Pharmaceuticals (NASDAQ:MIRM) at 2.4 percent and Moderna at 2.16 percent.

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

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The Justice Department has installed a Missouri-based U.S. prosecutor to head the Trump administration’s election probe in Fulton County, Georgia, according to recent court records, marking the latest instance in which an out-of-state prosecutor has been tasked with a leading role in a politically charged case.

The involvement of Thomas Albus, U.S. attorney for the Eastern District of Missouri, was revealed last month when he signed off on a Fulton County search warrant that authorized the FBI’s raid of a key Georgia election hub. The warrant authorized federal agents to seize a broad range of election records, voting rolls, and other data tied to the 2020 election, according to a copy reviewed by Fox News Digital.

The news, and the timing of Albus’ appointment, have sparked questions over the scope of the effort, including whether it is a one-off designed to shore up election-related vulnerabilities ahead of the midterms or part of a broader test case for expanded federal authority.

It also prompted Fulton County officials to sue the FBI earlier this month, demanding the return of the seized ballots.

The FBI’s decision to order the raid remains unclear, adding further uncertainty as to why Trump may have tapped Albus.

But the scope of the case is significant. Fulton County officials told reporters this month that FBI agents were seen carrying some 700 boxes of ballots from a warehouse near the election hub and loading them into a truck.

More answers could be revealed soon. The judge assigned to rule on Fulton County’s motion ordered the Justice Department to file by 5 p.m. Tuesday the arguments it made in its effort to obtain the search warrant. 

But it’s unclear how much information will be revealed as many of the documents are widely expected to remain under seal. 

Still, the installation comes as Fulton County emerged as ‘ground zero’ for complaints about voter fraud in the wake of the 2020 presidential elections, including from Trump, who lost the state to former President Joe Biden by a razor-thin margin.

And while it’s not the first time Trump’s Justice Department has sought to assign prosecutors to issues outside their district lines, unlike other efforts, the legality of Albus’s role in the district is likely to be upheld. 

Attorney General Pam Bondi reportedly tapped Albus last month to oversee election integrity cases nationwide, according to multiple news outlets. 

The DOJ did not immediately return Fox News Digital’s request for comment on the nature of his role in Georgia or elsewhere.

Under federal law — 28 U.S. Code § 515 — Bondi has the legal authority to appoint an individual to coordinate civil and criminal cases, including grand jury proceedings, across all federal districts nationwide. 

Albus also spent years as an assistant U.S. attorney for the Justice Department, where he helped prosecute hundreds of federal cases and jury trials, including on charges of white-collar crime, tax offenses, public corruption, and more.

Still, his installment is not completely without criticism. 

Some have played up his role as a former deputy attorney for then-Missouri Attorney General Eric Schmitt in 2020. 

Schmitt, now a U.S. senator, was one of 17 Republican attorneys general who filed a brief supporting Trump’s push to invalidate the election results of four battleground states after the election. 

There are key differences between his installment and the installment of former Trump lawyer Lindsey Halligan, tapped last year to serve as interim U.S. attorney for the Eastern District of Virginia. She was also the sole prosecutor who secured the indictments against former FBI director James Comey and New York Attorney General Letitia James.

A judge ruled in November she was illegally appointed to her role, prompting the dismissals of both cases.

Legal experts have cited differences between Halligan’s role and Albus’s role, which appears to enjoy wide protection under federal law.

‘Unlike Halligan, Albus’ appointment appears to be lawful under a federal statute that permits the attorney general to direct ‘any other officer of the Department of Justice’ to ‘conduct any kind of legal proceeding, civil or criminal … whether or not he is a resident of the district in which the proceeding is brought,’’ Barbara McQuade, a former U.S. attorney and University of Michigan Law School professor, said in a Bloomberg op-ed.

‘But sidelining Atlanta U.S. Attorney Theodore Hertzberg in favor of Albus is concerning nonetheless — especially given his ties to Trump allies.’

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