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GUADALAJARA, Mexico, July 22, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") reports its consolidated results for the second quarter ended June 30, 2025 (2Q25). Figures are unaudited and prepared following International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB").Summary of Results 2Q25 vs. 2Q24The sum of aeronautical and non-aeronautical services revenues increased by Ps. 1,922.2 million, or 30.6%. Total revenues increased by Ps. 3,623.0 million, or 49.9%.Cost of services increased by Ps. 308.5 million, or 25.4%.Income from operations increased by Ps. 1,067.6 million, or 30.4%.EBITDA increased by Ps. 1,305.2 million, or 31.1%, an increase from Ps. 4,198.1 million in 2Q24 to Ps. 5,503.3 million in 2Q25. EBITDA margin (excluding the effects of IFRIC-12) went from 66.8% in 2Q24 to 67.1% in 2Q25.Comprehensive income decreased by Ps. 658.9 million, or 22.8%, from an income of Ps. 2,893.9 million in 2Q24 to an income of Ps. 2,234.9 million in 2Q25.Company's Financial Position:As of June 30, 2025, the Company reported a cash and cash equivalents position of Ps. 9,697.3 million. During the second quarter of 2025, the Company repaid the maturing bond certificate "GAP 21" for Ps. 2,500.0 million. In addition, the Company drew down a Ps. 3,375.0 million credit facility from Banco Nacional de México, S.A. ("Banamex") with a five-year term, and the proceeds were used to refinance maturities in June and July 2025 with Banamex for Ps. 2,500.0 million and BBVA for Ps. 875.0 million.Passenger TrafficDuring 2Q25, the 14 airports operated by GAP recorded an increase of 624.7 thousand total passengers, representing a 4.1% increase compared to 2Q24.During this period, the following new routes were launched:Domestic:AirlineDepartureArrivalOpening dateFrequenciesVivaHermosilloTijuanaMay 22, 20251 dailyVivaTijuanaHermosilloMay 22, 20251 dailyVivaLa PazSanta LucíaMay 22, 20251 dailyVivaLa PazTijuanaMay 22, 20251 dailyVivaTijuanaLa PazMay 22, 20251 dailyVivaTijuanaVeracruzMay 22, 20253 weeklyVivaTijuanaQuerétaroMay 23, 20254 weekly Note: Frequencies can vary without prior notice.International: AirlineDepartureArrivalOpening dateFrequenciesWorld2FlyMontego BayLisboaJune 11, 20251 weekly Note: Frequencies can vary without prior notice.Domestic Terminal Passengers – 14 airports (in thousands): Airport2Q242Q25Change6M246M25ChangeGuadalajara2,994.83,090.93.2%5,666.56,112.17.9%Tijuana *2,097.82,139.22.0%4,083.44,196.72.8%Los Cabos690.6739.77.1%1,328.31,408.66.0%Puerto Vallarta742.6830.411.8%1,317.41,484.012.6%Montego Bay0.00.00.0%0.00.00.0%Guanajuato514.3576.812.2%998.21,092.39.4%Hermosillo531.0545.52.7%988.51,054.26.6%Kingston0.50.1(84.2%)1.10.2(85.8%)Morelia153.3173.112.9%299.5359.219.9%Mexicali226.3305.735.1%514.6598.816.4%La Paz288.1328.113.9%559.4608.78.8%Aguascalientes166.2167.40.7%308.6319.23.4%Los Mochis141.8179.426.5%268.0344.428.5%Manzanillo30.331.43.5%66.266.1(0.1%)Total8,577.69,107.66.2%16,399.817,644.57.6% *Cross Border Xpress (CBX) users are classified as international passengers.International Terminal Passengers – 14 airports (in thousands): Airport2Q242Q25Change6M246M25ChangeGuadalajara1,369.91,387.21.3%2,860.02,894.21.2%Tijuana *981.71,051.87.1%1,934.02,066.76.9%Los Cabos1,199.91,224.42.0%2,607.82,607.3(0.0%)Puerto Vallarta897.7849.1(5.4%)2,441.52,321.6(4.9%)Montego Bay1,285.11,264.7(1.6%)2,742.42,603.7(5.1%)Guanajuato242.2252.74.3%489.3515.75.4%Hermosillo20.319.2(5.2%)43.640.1(7.9%)Kingston419.2453.58.2%810.6881.58.7%Morelia156.8155.9(0.6%)313.9330.15.1%Mexicali2.11.8(14.1%)3.83.6(4.0%)La Paz2.98.9202.1%6.117.6186.1%Aguascalientes81.782.50.9%151.2156.23.3%Los Mochis2.02.0(0.2%)4.03.9(3.2%)Manzanillo15.918.315.2%56.162.210.8%Total6,677.36,771.81.4%14,464.414,504.20.3% *CBX users are classified as international passengers.Total Terminal Passengers – 14 airports (in thousands):Airport2Q242Q25Change6M246M25ChangeGuadalajara4,364.64,478.12.6%8,526.59,006.35.6%Tijuana *3,079.53,191.03.6%6,017.46,263.34.1%Los Cabos1,890.51,964.03.9%3,936.24,015.92.0%Puerto Vallarta1,640.31,679.52.4%3,758.93,805.61.2%Montego Bay1,285.11,264.7(1.6%)2,742.42,603.7(5.1%)Guanajuato756.5829.49.6%1,487.51,608.18.1%Hermosillo551.2564.72.4%1,032.01,094.36.0%Kingston419.8453.58.0%811.8881.78.6%Morelia310.1329.06.1%613.4689.312.4%Mexicali228.5307.534.6%518.4602.416.2%La Paz291.0337.015.8%565.6626.310.7%Aguascalientes247.9249.80.8%459.8475.33.4%Los Mochis143.8181.426.1%272.0348.328.0%Manzanillo46.249.77.5%122.4128.34.9%Total15,254.715,879.44.1%30,864.232,148.74.2% *CBX users are classified as international passengers.CBX Users (in thousands):Airport2Q242Q25Change6M246M25ChangeTijuana965.71,031.46.8%1,907.62,029.66.4% Consolidated Results for the Second Quarter of 2025 (in thousands of pesos): 2Q242Q25ChangeRevenues Aeronautical services4,560,960 5,763,188 26.4%Non-aeronautical services1,722,735 2,442,659 41.8%Improvements to concession assets (IFRIC-12)975,327 2,676,149 174.4%Total revenues7,259,022 10,881,996 49.9% 6,283,695 8,205,847 30.6%Operating costs Costs of services:1,213,842 1,522,382 25.4%Employee costs490,716 638,722 30.2%Maintenance180,485 256,830 42.3%Safety, security & insurance199,802 232,516 16.4%Utilities130,036 148,732 14.4%Business operated directly by us72,549 86,632 19.4%Other operating expenses140,254 158,950 13.3% Technical assistance fees202,174 221,680 9.6%Concession taxes678,595 968,933 42.8%Depreciation and amortization687,351 924,959 34.6%Cost of improvements to concession assets (IFRIC-12)975,327 2,676,149 174.4%Other (income)(9,042)(10,461)15.7%Total operating costs3,748,247 6,303,642 68.2%Income from operations3,510,775 4,578,354 30.4%Financial Result(663,157)(733,545)10.6%Income before income taxes 2,847,618 3,844,809 35.0%Income taxes(594,903)(1,189,674)100.0%Net income 2,252,715 2,655,135 17.9%Currency translation effect659,054 (423,527)(164.3%)Cash flow hedges, net of income tax(20,164)2,668 (113.2%)Remeasurements of employee benefit – net income tax2,276 667 (70.7%)Comprehensive income 2,893,881 2,234,943 (22.8%)Non-controlling interest(95,925)(90,951)(5.2%)Comprehensive income attributable to controlling interest2,797,956 2,143,992 (23.4%) 2Q242Q25ChangeEBITDA4,198,126 5,503,313 31.1%Comprehensive income2,893,881 2,234,943 (22.8%)Comprehensive income per share (pesos)5.7273 4.4232 (22.8%)Comprehensive income per ADS (US dollars)3.4591 2.1621 (37.5%) Operating income margin48.4%42.1%(13.0%)Operating income margin (excluding IFRIC-12)55.9%55.8%(0.1%)EBITDA margin57.8%50.6%(12.6%)EBITDA margin (excluding IFRIC-12)66.8%67.1%0.4%Costs of services and improvements / total revenues30.2%38.6%27.9%Cost of services / total revenues (excluding IFRIC-12)19.3%18.6%(4.0%) - Net income and comprehensive income per share for 2Q25 and 2Q24 were calculated based on 505,277,464 shares outstanding as of June 30, 2025, and June 30, 2024, respectively. Figures in U.S. dollar were converted from pesos using an exchange rate of Ps. 18.2610 per U.S. dollar, as published by the U.S. Federal Reserve Board (noon buying rate) on June 30, 2025.- For consolidating the Jamaican airports, an average exchange rate of Ps. 19.5453 per U.S. dollar was used, corresponding to the three-month period ended June 30, 2025.Revenues (2Q25 vs. 2Q24)Aeronautical services revenues increased by Ps. 1,202.2 million, or 26.4%.Non-aeronautical services revenues increased by Ps. 719.9 million, or 41.8%.Revenues from improvements to concession assets increased by Ps. 1,700.8 million, or 174.4%.Total revenues increased by Ps. 3,623.0 million, or 49.9%.The change in aeronautical services revenues was primarily due to the following factors:Revenues from Mexican airports increased by Ps. 1,067.3 million, or 27.6%, compared to 2Q24, mainly due to a Ps. 951.6 million or 22.5% increase in the passenger fee revenue, driven by the higher airport maximum tariffs approved for the new 2025–2029 regulatory period, effective as of March 2025, and by a 4.5% increase in passenger traffic during the quarter.Revenues from Jamaican airports increased by Ps. 134.9 million, or 19.3%, compared to 2Q24, mainly due to the depreciation of the Mexican peso against the U.S. dollar, which moved from an average exchange rate of Ps. 17.2106 in 2Q24 to Ps. 19.5453 in 2Q25, resulting in higher revenues in pesos. Additionally, there was a 0.8% increase in passenger traffic during the quarter.The change in non-aeronautical services revenues was primarily driven by the following factors:Revenues from Mexican airports increased by Ps. 676.2 million, or 45.9%, compared to 2Q24. Revenues from businesses operated directly by us increased by Ps. 582.8 million, or 116.7%, mainly due to the consolidation of revenues from the cargo and bonded warehouse business, which contributed Ps. 477.1 million. Revenues from businesses operated by third parties increased by Ps. 85.5 million, or 9.2%, primarily driven by the opening of new commercial spaces and the renegotiation of commercial contracts. The fastest-growing business lines were food and beverage, retail stores, duty-free, timeshares, and ground transportation, which together increased by Ps. 90.4 million, or 15.3%.Revenues from Jamaican airports increased by Ps. 43.7 million, or 17.4%, compared to 2Q24. In U.S. dollar terms, revenues rose by USD $0.6 million, or 8.2%, further benefiting from a 13.6% depreciation of the Mexican peso against the U.S. dollar compared to 2Q24. 2Q242Q25ChangeBusinesses operated by third parties: Food and beverage290,715342,67917.9%Duty-free183,384208,16013.5%Car rental204,578211,1283.2%Retail159,927191,43119.7%Leasing of space120,804112,962(6.5%)Other commercial revenues61,50159,010(4.1%)Timeshares55,36767,81822.5%Ground transportation46,67651,1969.7%Communications and financial services27,55928,8374.6%Total1,150,5111,273,22110.7% Businesses operated directly by us: Cargo operation and bonded warehouse31,218514,1131546.8%Car parking169,356177,8725.0%Convenience stores135,464161,58819.3%VIP Lounges120,862168,32139.3%Hotel operation18,25136,882102.1%Advertising42,40043,3662.3%Total517,5511,102,141113.0%Recovery of costs54,67467,29723.1%Total Non-aeronautical Revenues 1,722,7352,442,65941.8% Figures expressed in thousands of Mexican pesos.‐ Revenues from improvements to concession assets 1Revenues from improvements to concession assets (IFRIC-12) increased by Ps. 1,700.8 million, or 174.4%, compared to 2Q24. The change was composed of:Improvements to concession assets at the Company's Mexican airports, which increased by Ps. 1,703.1 million, or 191.1%, following investments under the Master Development Program for the 2025-2029 period.Improvements to concession assets at the Company's Jamaican airports, which decreased Ps. 2.3 million, or 2.7%. 1 Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 "Service Concession Arrangements" (IFRIC 12). However, this recognition does not have a cash impact or impact on the Company's operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed. This is in accordance with the Company's Master Development Programs in Mexico and Capital Development Programs in Jamaica. All margins and ratios calculated using "Total Revenues" include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.Total operating costs increased by Ps. 2,555.4 million, or 68.2%, compared to 2Q24, primarily due to a Ps. 1,700.8 million increase in the cost of improvements to concession assets (IFRIC-12), a Ps. 308.5 million, or 25.4%, increase in the cost of services, driven mainly by the consolidation of the cargo and bonded warehouse business, which contributed Ps. 160.1 million; an increase of Ps. 309.8 million, or 35.2%, in concession fees and technical assistance fees; and higher depreciation and amortization, up Ps. 237.6 million, or 34.6%, due to the recognition of fair values related to the cargo and bonded warehouse business. Excluding the cost of improvements to concession assets (IFRIC-12), operating costs increased by Ps. 854.6 million, or 30.8%.This increase in total operating costs was primarily due to the following factors: Mexican airports: Operating costs increased by Ps. 2,467.5 million, or 83.7%, compared to 2Q24, mainly due to a Ps. 1,703.1 million or 191.1% increase in cost of improvements to the concession assets (IFRIC-12), a Ps. 274.6 million or 27.1% increase in the cost of services, a Ps. 210.2 million, or 37.0% increase in depreciation and amortization, and a Ps. 280.2 million or 57.6% combined increase in technical assistance fees and concession fees. Excluding construction costs (IFRIC 12), operating expenses increased by Ps. 764.4 million, or 37.2%.The change in the cost of services at our Mexican airports during 2Q25 was mainly due to:Employee costs increased by Ps. 134.2 million, or 30.8%, mainly due to the consolidation of the cargo and bonded warehouse business, which contributed Ps. 86.5 million.Maintenance rose by Ps. 77.1 million, or 54.5%, due to the opening of new operational areas, airfield maintenance, the operation of jet bridges by Ps. 44.4 million, and the consolidation of the cargo and bonded warehouse business, which contributed Ps. 8.4 million.Other operating expenses increased by Ps. 29.3 million, or 15.3%, primarily due to higher consulting services and travel expenses of Ps. 11.7 million, and the consolidation of the cargo and bonded warehouse business of Ps. 12.4 million.Safety, security and insurance rose by Ps. 17.7 million, or 11.7%, driven by an increase in security personnel, minimum wage adjustments, changes in the Federal Labor Law, the opening of additional operational areas, and Ps. 4.8 million from the consolidation of the cargo and bonded warehouse business.Jamaican Airports:Operating costs increased by Ps. 87.9 million, or 11.0%, compared to 2Q24, mainly due to a Ps. 33.9 million, or 16.9%, increase in the cost of services, a Ps. 29.7 million, or 7.5%, an increase in concession fees, and a Ps. 27.3 million, or 22.9%, increase in depreciation and amortization, partially offset by a Ps. 2.3 million, or 2.7%, decrease in the cost of improvements to concession assets (IFRIC-12).Operating income margin went from 48.4% in 2Q24 to 42.1% in 2Q25. Excluding the effects of IFRIC-12, the operating income margin went from 55.9% in 2Q24 to 55.8% in 2Q25. Income from operations increased by Ps. 1,067.6 million, or 30.4%, compared to 2Q24.EBITDA margin went from 57.8% in 2Q24 to 50.6% in 2Q25. Excluding the effects of IFRIC-12, EBITDA margin went from 66.8% in 2Q24 to 67.1% in 2Q25. The nominal value of EBITDA increased by Ps. 1,305.2 million, or 31.1%, compared to 2Q24. Financial results increased in expense by Ps. 70.4 million, or 10.6%, from a net expense of Ps. 663.1 million in 2Q24 to Ps. 733.5 million in 2Q25. This change was mainly the result of:Foreign exchange fluctuations, which went from an income of Ps. 80.9 million in 2Q24 to an expense of Ps. 40.3 million in 2Q25, resulting in a foreign exchange loss of Ps. 121.2 million due to the depreciation of the Mexican peso. Additionally, the foreign currency translation effect contributed to a Ps. 1,082.6 million increase in expense compared to 2Q24.Interest expense decreased by Ps. 119.9 million, or 11.6%, compared to 2Q24, mainly due to a decrease in reference rates.Interest income decreased by Ps. 69.3 million, or 24.9%, compared to 2Q24, mainly due to a decrease in the cash and cash equivalents average balance and changes in the reference rates.In 2Q25, net and comprehensive income decreased by Ps. 658.9 million, or 22.8%, compared to 2Q24, mainly due to a Ps. 1,082.6 million increase in foreign currency translation losses versus the same period last year. Income before taxes increased by Ps. 997.2 million, or 35.0%.During 2Q25, net income increased by Ps. 402.4 million, or 17.9%, compared to 2Q24. Income tax for the period increased by Ps. 594.8 million, composed of a Ps. 451.5 million increase in current income tax, and a Ps. 143.3 million decrease in deferred tax benefit, primarily due to lower tax loss carryforwards of Ps. 177.3 million, compared to 2024. This was partially offset by a higher inflation effect, as inflation rose from 0.4% in 2Q24 to 0.9% in 2Q25.Consolidated Results for the Six Months of 2025 (in thousands of pesos): 6M246M25ChangeRevenues Aeronautical services9,523,062 11,762,321 23.5%Non-aeronautical services3,417,140 4,836,535 41.5%Improvements to concession assets (IFRIC-12)2,813,789 5,338,324 89.7%Total revenues15,753,991 21,937,180 39.2% Operating costs Costs of services:2,285,769 3,007,237 31.6%Employee costs949,877 1,252,084 31.8%Maintenance342,282 513,733 50.1%Safety, security & insurance382,022 447,723 17.2%Utilities236,008 273,963 16.1%Business operated directly by us146,160 173,968 19.0%Other operating expenses229,420 345,766 50.7% Technical assistance fees426,536 505,580 18.5%Concession taxes1,393,211 1,990,083 42.8%Depreciation and amortization1,350,300 1,857,534 37.6%Cost of improvements to concession assets (IFRIC-12)2,813,789 5,338,324 89.7%Other (income)(12,392)(36,145)191.7%Total operating costs8,257,212 12,662,613 53.4%Income from operations7,496,778 9,274,567 23.7%Financial Result(1,256,892)(1,663,035)32.3%Income before income taxes 6,239,887 7,611,532 22.0%Income taxes(1,516,453)(2,098,280)38.4%Net income 4,723,434 5,513,253 16.7%Currency translation effectFull story available on Benzinga.com
(MENAFN - PR Newswire)This latest investment validates Gupshup's market leadership in helping businesses engage their customers through conversational AI experiences delivered via text messaging or ...
(MENAFN - PR Newswire)Valmet Oyj's stock exchange release on July 23, 2025 at 09:00 a.m. EESTESPOO, Finland, July 23, 2025 /PRNewswire/ -- Figures in brackets, unless otherwise stated, refer to ...
(MENAFN - PR Newswire)Valmet Oyj's press release on July 23, 2025, at 9:05 a.m. EESTESPOO, Finland, July 23, 2025 /PRNewswire/ -- Jon Jested-Rask (M. in Economics and Business Administration) ...
Yolo County officials want the state attorney general's office to join the investigation into a deadly fireworks explosion at a pyrotechnic company facility due to what many locals see as a potential conflict of interest. It was revealed that two...
Watch Anthony Mason's extended interview with singer-songwriter Jake Wesley Rogers.
NEW YORK, July 22, 2025 /PRNewswire/ -- Expert Consumers has recognized QuickBooks as a leading AI bookkeeping solution in its latest 2025 software review. The report highlights QuickBooks for its integration of artificial intelligence and machine learning technologies that simplify core...
With Ariel Atkins sidelined and Kamilla Cardoso in foul trouble, the Sky couldn’t keep pace — and their playoff hopes are on shakier ground.
PITTSBURGH — Spencer Horwitz, Bryan Reynolds and Tommy Pham each had three hits and two RBIs, and the Pittsburgh Pirates hit eight doubles in an 8-5 victory over the Detroit Tigers on Tuesday night.
The well-traveled lefty gave the Royals five solid innings on Tuesday night
Manhattan Associates, Inc. (NASDAQ:MANH) Q2 2025 Earnings Call July 22, 2025 4:30 PM ETCompany ParticipantsDennis B.
With back-to-school shopping upon us, these boxes are flying off shelves.
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Click here to view this article from Union-Bulletin.com.
NEW YORK — That month in the minors sure seems to be paying dividends for Francisco Alvarez.
Tuesday at the Cramton Bowl Multiplex Arena in Montgomery, Ider senior Makinley Traylor competed in the girls basketball All-Star game as part of the AHSAA All-Star week festivities.
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National Hurricane Center watches a potential disturbance off coast that could bring more rain to northern Gulf Coast.
One of the biggest disappointments in the 2025 NBA playoffs was the early exit from the Los Angeles Clippers. The Clippers looked dangerous with James Harden, a healthy Kawhi Leonard, and a new billion-dollar arena that captured the energy the team had been missing. But their run was cut short by the Denver Nuggets in [...]The post NBA Analyst Excited About Clippers’ Offseason but Brings Up Age Concerns After Bradley Beal Signing appeared first on The SportsRush.
DHAKA, Bangladesh (AP) — Hundreds of students protested Tuesday near the site of the crash of a Bangladesh air force training jet into a school in the nation’s capital, demanding accountability, compensation for victims' families and the halt of training...
“Mrs. Santa Claus,” which was announced nine months ago as the concluding show in the opera house’s season, will be replaced by “White Christmas,” running Nov. 14 through Dec. 28.
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Looking for help with today's NYT Mini Crossword puzzle? Here are some hints and answers for the puzzle.
When opera goers head to the Kennedy Center Opera House this September, they may be walking into the newly named “First Lady Melania Trump Opera House” if Congress gets its way. According to CNN, House republicans included language that would rename the opera house in honor of the first lady in an amendment for a spending bill for the Interior {...}The post Kennedy Center Opera House Could Be Renamed ‘First Lady Melania Trump Opera House’ appeared first on OperaWire.
NEW YORK and NEW ORLEANS, July 22, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 16, 2025 to file...
Japan’s benchmark Nikkei 225 rose sharply on Wednesday, after President Donald Trump finalized the long-anticipated trade deal between Washington and Tokyo.As part of the $550 billion deal, Japan will open its markets to American cars, trucks, rice and other agricultural products, while agreeing to a 15% tariff on American imports from the nation. See Also: Chrysler, Jeep Parent Company Stellantis Expects $2.7 Billion Net Loss In First Half Of 2025 As Trump Tariffs Cause UncertaintyBoth the Nikkei and Topix indices are up 3.10% and 2.71%, trading at 41,006.00 and 2,912.98, respectively, led by auto stocks. Mazda Motor Corp. (OTC:MZDAY) leads the way, up 17%, followed by ...Full story available on Benzinga.com
Last week’s WWE NXT featured an unexpected cameo from The Deadman himself, The Undertaker, though that time around it was just Undertaker on the phone. That led to a confrontation online between Undertaker and the current TNA World Champion Trick Williams, and it was soon made clear that Undertaker would be returning to NXT to [...]The post The Undertaker Returns to WWE (And Did He Just Tease a Match?) appeared first on ComicBook.com.
"While the details of the settlement will remain private, we wish each other personal happiness, professional success and peace in the future," the former couple's attorneys said.
By Humeyra Pamuk and Kanishka SinghWASHINGTON (Reuters) -U.S. President Donald Trump's Middle East envoy Steve Witkoff will travel to Europe this...
NEW YORK and NEW ORLEANS, July 22, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 16, 2025 to file lead plaintiff applications in a securities class action lawsuit against Neogen Corporation (NASDAQ:NEOG), if they purchased the Company's shares between January 5, 2023 through June 3, 2025, inclusive (the "Class Period"). This action is pending in the United States District Court for the Western District of Michigan.What You May DoIf you purchased shares of Neogen and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-neog/ ...Full story available on Benzinga.com
Venus Williams has confirmed she’s engaged to Andrea Preti! The 45-year-old tennis pro was interviewed after winning a singles match on Tuesday (July 22). During the interview after her big win, Venus casually revealed that she’s engaged to the 37-year-old actor and producer. The two have kept their relationship private, but rumors that they were [...]
U.S. President Donald Trump on Tuesday said the U.S. and Japan have struck a deal that will lower the hefty tariffs Trump had threatened to impose on goods from its Asian ally while extracting commitments for Japan to invest $550 billion US in the United States and open its markets to American goods.
U.S. Postal Service officials say they decided to close certain contract post offices in the Phoenix area because nearby post offices, in some cases, are capable of serving the community directly, but some businesses say they will feel the impact.
Rescuing The Declaration From Left- And Right-Wing Polemics Authored by Peter Berkowitz via RealClearPolitics,Progressive left and postliberal right intellectuals converge in teaching scorn for America’s founding principles. Attacking from different angles, both camps employ grossly flawed arguments to justify the repudiation of the U.S. Declaration of Independence’s ringing affirmation 249 years ago of the unalienable rights that human beings share.Captive to the taste for the gaudy and the melodramatic nurtured by American higher education, both camps want to revalue traditional values, change the world rather than understand it, and replace history’s complexities with simplistic grand narratives of good and evil. At the same time, their wild exaggerations, contrived charges, and enthusiastic followings provide an occasion to restate America’s founding principles, recognize their pertinence to the enduring challenges of free and democratic self-government, and rebuild civic education around them.The 1619 Project prominently set forth a version of the progressive left’s signature opinion that systemic racism disfigures America. Published in the summer of 2019 as a special issue of The New York Times Magazine, the collection of essays undertook to correct the record about America’s founding.Led by Nikole Hannah-Jones, who won a Pulitzer Prize for her contribution, 1619 Project essayists argued that the United States was not truly founded in July 1776 when the Declaration of Independence proclaimed, “these United Colonies are, and of Right ought to be Free and Independent States.” Rather, America came into being in 1619 when 20 enslaved Africans arrived in the fledgling British territory of Virginia.Abolished in 1865 by the 13th Amendment, the evil institution of slavery was always a grotesque affront to the equality in unalienable rights affirmed by the Declaration. Nevertheless, according to the 1619 Project, slavery forms the deepest substratum of American existence, has touched every aspect of the United States, and remains the defining fact of the nation’s life. In the 1619 Project’s telling, the Declaration of Independence’s self-evident truths about individual rights and the consent of the governed were always so much window-dressing designed to distract from and thereby perpetuate slavery. Yet it seems lost on 1619 Project producers, distributors, and consumers that despite the resentments and distrust that currently wrack the nation, the United States remains by most any objective measure the freest, most tolerant, and most prosperous multi-religious, multi-racial, and multi-ethnic great power in history.Approaching matters from the opposite side of the political spectrum but with similar vehemence, “Why Liberalism Failed,” a 2017 volume by University of Notre Dame political science professor Patrick Deneen, elaborates the postliberal right’s characteristic view that freedom in America has produced a systemically corrupt and decadent society. The chief villain, according to Deneen, is John Locke. But to convict Locke of subverting Western civilization in general and America in particular, Deneen reduces the 17th-century British thinker, and indeed the entirety of the modern tradition of freedom, to a tendentious reading of a few lines from the opening pages of his 1689 classic, “The Second Treatise of Government.”Locke’s great sin, in Deneen’s account, involves giving authoritative expression to the proposition – central to the Declaration and a cornerstone of American constitutional government – that human beings are by nature free and equal. The proper political expression of this equality in freedom, maintains Locke, consists in liberty under settled laws enacted, enforced, and adjudicated within a constitutional order to which one has consented.Deneen, however, attributes a dark secret teaching to Locke, according to which Lockean freedom entails emancipation from the imperatives of virtue, duty, and nature’s and God’s law. For Deneen, Lockean freedom, and therefore American freedom from the beginning and in its essence, gives rise to an incoherent and inhuman demand for the chimera of absolute freedom. Deneen does not allow his polemic to be sidetracked by such core components of Locke’s thinking as his insistence on the duty to honor God’s authority, his distinction between liberty and license, and his 1693 book, “Some Thoughts Concerning Education,” which deals with the virtues and how parents should foster them.In America’s universities, many students will encounter the progressive left’s and postliberal right’s vilification of America’s founding principles instead of receiving a proper introduction to the case for the Declaration and the Constitution. For such students and indeed for citizens whose instincts, sentiments, and experience tell them that America’s founding principles sustain the nation, Vincent Phillip Muñoz provides an excellent tonic in “The American Revolutions of 1776,” which appears in the summer issue of National Affairs.A professor of political science at the University of Notre Dame (like Deneen), Muñoz tactfully understates matters in observing that “As America’s 250th anniversary approaches, not everyone is eager to celebrate the Declaration of Independence and the political revolution it sparked.” His essay, a version of which will appear in the American Enterprise Institute’s forthcoming volume “Religion and the American Revolution” – part of AEI’s “America at 250” initiative (I contributed to an earlier volume in the series) – briskly lays out three revolutionary achievements of 1776. These achievements deserve our gratitude, warrant celebration, and suffer suppression by or exclusion from university curricula. All three champion unalienable or natural rights and the limited government that secures them.The first revolution of 1776 affirmed that just government is grounded in the consent of the governed. Without questioning God’s authority, the American view broke with the then-prevalent notion that legitimate political authority derives from divine right. And without challenging the classical premise that citizens should govern and be governed in accordance with human nature, America’s founders rejected the classical idea that wisdom or moral virtue provides decisive title to rule.America’s founders held that while human beings are not equal in all respects and not free in all ways, we are born equal in rights and therefore neither masters over nor subordinate to others. Each has equal right to govern himself or herself, but no one has the right to govern another. One crucial exercise of the right to govern oneself consists in consenting to the exercise of political authority. In practice, that means that each has an obligation to obey only those laws – the disagreeable as well as the agreeable – that issue from established constitutional processes to which he or she has consented. Consent can be given expressly, as in the formal ceremonies by which immigrants officially acquire citizenship, or tacitly, as in the manner of the native-born who acquire the obligation to obey the laws through living under them and enjoying their benefits.The second revolution of 1776 taught that government’s primary purpose is to secure natural or unalienable rights. America’s founders parted ways with the traditional view that government’s purpose was to perfect or save souls, but the parting was not driven by indifference or hostility to higher concerns. Rather, the founders proceeded from the conviction that care of the soul was the proper responsibility of individuals, families, and religious institutions.Securing rights did not preclude government from assuming additional responsibilities, provided that they were consistent with the equal rights of all, to advance the common good. “Unlike influential progressive thinkers such as Herbert Croly and political leaders such as Franklin Roosevelt, the founders did not hold that a fundamental purpose of government is to provide directly for the people’s material needs or to ameliorate all unfortunate circumstances,” Muñoz writes. “They instead understood the role of government as securing the conditions, including the economic conditions, that would allow Americans to be responsible – to employ their natural rights to provide for themselves, their families, and those under their care.”The third revolution of 1776 maintained that religious liberty, the right of individuals to worship in accordance with conscience, was an essential right. Far from expressing or implying antipathy to religion, limiting government’s authority over religious belief and practice stemmed from a determination to protect faith. Prohibiting government from establishing religion or impairing its free exercise reflected the belief that true religion could not be dictated by civil law because it was grounded in conscience and choice. Another reason to restrict political control over religion was the distinct tendency of government officials to lack competence in interpreting scripture and managing religious teaching and observance.From the founders’ perspective, moreover, the spirit of liberty and the spirit of religion were not political antagonists but rather political allies. In their view, since human beings are by nature free and equal and endowed with reason, only faith practiced in accordance with conscience could be pleasing to God. And because the numerous Christian denominations at the founding affirmed that every human being is precious in God’s eyes and that power must be divided between church and state, religion in America bolstered the nation’s natural rights principles.These three revolutionary achievements of 1776 – grounding just government in citizens’ consent, focusing government on securing rights, and protecting religious liberty out of respect for faith – deserve to be widely heralded in next year’s celebrations of the Declaration of Independence’s 250th anniversary. And study of their origins, integration into American constitutional government, and implications for today’s challenges should promptly be placed at the center of civic education in America.Peter Berkowitz is the Tad and Dianne Taube senior fellow at the Hoover Institution, Stanford University. From 2019 to 2021, he served as director of the Policy Planning Staff at the U.S. State Department. His writings are posted at PeterBerkowitz.com and he can be followed on X @BerkowitzPeter. Tyler DurdenTue, 07/22/2025 - 22:35
Get ready for the return of Netflix’s hit series “All of Us Are Dead” with Season 2! On July 23, Netflix unveiled the cast lineup for “All of Us Are Dead” Season 2 including returning cast members Park Ji Hu, Yoon Chan Young, Cho Yi Hyun, and Lomon as well as new cast members Lee... Continue reading Watch: “All Of Us Are Dead” Season 2 Announces Cast Including Park Ji Hu, Yoon Chan Young, Cho Yi Hyun, Lomon, And MoreThe post Watch: “All Of Us Are Dead” Season 2 Announces Cast Including Park Ji Hu, Yoon Chan Young, Cho Yi Hyun, Lomon, And More appeared first on Soompi.
Following Ozzy Osbourne’s death earlier this morning, his Black Sabbath band mates have each shared statements about his passing, posting separately to social media to honor their late friend and collaborator. Drummer Bill Ward looked back at the times they’ve shared over the years. “Where will I find you now? In the memories, our unspoken [...]
Prince Charming, a.k.a Travis Kelce, is melting hearts in Missouri. In a TikTok video shared on Tuesday, July 22, via the Kansas City Chiefs’ official account, Travis, 35, grinned at the camera amid the first day back at training camp in St. Joseph earlier that day. The tight end’s signature luscious locks, which have earned [...]
MINNEAPOLIS (AP) — Kayla McBride and Napheesa Collier scored 19 points apiece and the Minnesota Lynx dominated the middle quarters in a 91-68 win over Chicago Sky on Tuesday night, improving to 13-0 in home games.
They lived their lives in the spotlight, and yet, some of these cases have still never been solved.View Entire Post ›
LANSING, Mich. — Eaton County Prosecutor Doug Lloyd announced Tuesday that he is running for the Republican nomination for state attorney general.
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