Avrio Announces the Appointment of James O’Neill as Chief Investment Officer to Lead Global Investment and Capital Markets Strategy
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3 min read • Published November 17, 2025
By
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3 min read • Published November 17, 2025
NEW YORK, NY, LONDON, UK, and ABU DHABI, UAE /ACCESS Newswire / November 17, 2025 / Avrio Worldwide PBC ("Avrio"), a global financial services technology company providing institutional-grade market infrastructure, services, and data across public, private, and digital markets, today announced the appointment of James O’Neill as Chief Investment Officer (CIO).
O’Neill brings more than two decades of experience in investment banking and capital markets across the healthcare, technology, and fintech sectors. As CIO, he will oversee Avrio’s global investment and capital markets strategy, with a focus on integrating traditional financial infrastructure with emerging digital asset and blockchain technologies.
"I’m thrilled to join Avrio at a pivotal time in the evolution of digital financial markets," said James O’Neill. "Avrio’s technology and regulatory infrastructure are built to bridge traditional and digital capital markets – enabling issuers, investors, and institutions to transact seamlessly across public, private, and on-chain environments. Our goal is to create the connective tissue for a new generation of global financial market participants."
Lawrence Wintermeyer, Co-Founder and Chief Executive Officer of Avrio Worldwide, added: "James’s extensive capital markets background and leadership experience across banking, fintech, and digital assets bring tremendous value to Avrio’s mission. His expertise and network will accelerate our vision to deliver a transparent, compliant, and interconnected digital market ecosystem."
In addition to his role at Avrio, O’Neill is a Managing Partner at Aximeter Partners, a strategic advisory and investment firm, and serves as a board member with Ethos Defi, a non-custodial cryptocurrency wallet and decentralized finance platform in the Avrio group of companies.
Previously, O’Neill held senior investment banking roles including Co-Head of Healthcare and Head of Capital Markets at JonesTrading, where he advised public and private companies on strategic financings and growth transactions. Earlier in his career, he held leading positions at Oppenheimer & Co. and Roth Capital Partners, and Cantor Fitzgerald and Dalman Rose & Co. (acquired by Cowen).
About AVRIO Worldwide PBC
AVRIO is a registered market infrastructure provider with a full technology stack.
Avrio is the parent company of Arkonis Capital LLC, the operator of a US broker dealer (BD) for transacting equities and debt, with an Alternative Trading System (ATS) and institutional grade full technology stack for private markets and alternatives, known as AvrioT.
Avrio technology includes:
a qualified matching services (QMS), and quotation bureau (QB), and a transfer agent (TA) for transacting in unregistered securities and private markets, and alternatives
and order management (OMS), exchange management (EMS), portfolio management (PMS) and client management (CMS) for transacting in registered securities, ETFs, and funds in public markets
a digital token and investment fund management platform for tokenized real-world assets (RWAs)
This technology allows clients and partners to create, manage, and trade any public, private, and digital asset on a global platform, and is blockchain / protocol agnostic. This enables clients to capture and scale market opportunities while creating standardization and best practices designed to prevent fraud, protect investors, and comply with know-your-customer and anti-money laundering compliance laws. Arkonis Capital LLC is a member of FINRA and SIPC.
Stacker compiled a list of the most expensive homes in Los Angeles listed for sale on realtor.com. Homes are ranked by price with ties broken by price per square foot.
#1. 1261 Angelo Dr, Beverly Hills – Price: $175,000,000 – 16 bedrooms, 16 full bathrooms, 11 half bathroom – Square feet: 50,000 – Price per square foot: $3,500 – Lot size: 6.0 acres – Days on market: 433 days (-$20,000,000 price reduction since listing) – View listing on realtor.com
#2. 607 Siena Way, Los Angeles – Price: $135,000,000 – 8 bedrooms, 10 full bathrooms, 10 half bathrooms – Square feet: not available – Price per square foot: not available – Lot size: 1.2 acres – Days on market: 3 days – View listing on realtor.com
#3. 7661 Curson Ter, Los Angeles – Price: $125,000,000 – 7 bedrooms, 12 full bathrooms – Square feet: 22,000 – Price per square foot: $5,681 – Lot size: 1.0 acres – Days on market: 21 days – View listing on realtor.com
#4. 729 Bel Air Rd, Los Angeles – Price: $95,000,000 – 9 bedrooms, 12 full bathrooms, 8 half bathrooms – Square feet: 18,784 – Price per square foot: $5,057 – Lot size: 3.3 acres – Days on market: 306 days (-$25,000,000 price reduction since listing) – View listing on realtor.com
#5. 9126 Cordell Dr, Los Angeles – Price: $85,000,000 – 4 bedrooms, 7 full bathrooms – Square feet: 23,894 – Price per square foot: $3,557 – Lot size: 0.3 acres – Days on market: 47 days – View listing on realtor.com
#6. 73 Beverly Park Ln, Beverly Hills – Price: $79,990,000 – 9 bedrooms, 12 full bathrooms, 10 half bathrooms – Square feet: 28,500 – Price per square foot: $2,806 – Lot size: 2.7 acres – Days on market: 13 days – View listing on realtor.com
#7. 9904 Kip Dr, Beverly Hills – Price: $79,000,000 – 10 bedrooms, 13 full bathrooms, 9 half bathrooms – Square feet: 24,757 – Price per square foot: $3,191 – Lot size: 19.8 acres – Days on market: 175 days – View listing on realtor.com
#8. 9966 Beverly Grove Dr, Beverly Hills – Price: $77,500,000 – 6 bedrooms, 7 full bathrooms, 6 half bathrooms – Square feet: 15,700 – Price per square foot: $4,936 – Lot size: 2.6 acres – Days on market: 41 days – View listing on realtor.com
#9. 9006 Thrasher Ave, Los Angeles – Price: $72,500,000 – 7 bedrooms, 7 full bathrooms, 2 half bathrooms – Square feet: 13,400 – Price per square foot: $5,410 – Lot size: 0.4 acres – Days on market: 117 days – View listing on realtor.com
#10. 3099 Mandeville Canyon Rd, Los Angeles – Price: $70,000,000 – 9 bedrooms, 15 full bathrooms – Square feet: 20,000 – Price per square foot: $3,500 – Lot size: 3.8 acres – Days on market: 146 days – View listing on realtor.com
As America Marks 250 Years, New Op-Ed and Documentary Spotlight Black Librarians’ Fight for Memory and Access
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2 min read • Published November 16, 2025
By
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2 min read • Published November 16, 2025
CHARLOTTE, NC / ACCESS Newswire / November 16, 2025 / As America celebrates its 250th anniversary, a pivotal new op-ed and accompanying documentary invite journalists to rethink the legacy, challenges, and future of America’s libraries. With book bans, curriculum disputes, and debates over representation dominating the headlines, these projects illuminate how Black librarians have been-and remain-key defenders of knowledge and guardians of community memory.
Planning Committee of the American Heritage Discussion Group 1953-1954 courtesy of Digital NC
Published in Common Dreams, the editorial "The Librarian’s Call: Documenting Is Resistance" arrives at a time when the mission and values of libraries are under public scrutiny. The op-ed goes beyond commemoration to raise the alarm: community-led documentation is now a frontline defense against the erasure of diverse histories and the silencing of marginalized voices-a theme as crucial today as at any point in America’s long history.
This timely conversation continues in the soon-to-be-released documentary, "Are You a Librarian: Black Librarians and Freedom Through Literacy." Featuring over sixty in-depth interviews and exclusive archival discoveries, the film spans from small-town branches to presidential libraries, showcasing how Black librarians have historically ensured that the promise of the public library-access, truth, and education for all-becomes a reality, even in the face of discrimination and censorship. Their stories reveal how the fight to preserve and share untold narratives is central to both past and future milestones in American librarianship.
Why Cover This For the America 250?
The rise of book challenges and censorship makes the library’s historic role urgent news.
Black librarians’ stories offer underreported, meaningful perspectives on the America 250’s legacy and its next century.
Uniquely connects the association’s milestone moment with contemporary calls to action to preserve knowledge, foster inclusion, and protect intellectual freedom.
About the Projects: "The Librarian’s Call: Documenting Is Resistance" is available via Common Dreams. "Are You a Librarian: The Untold Story of Black Librarians" is a new feature documentary releasing in 2026 and timed to coincide with the America 250’s 150th anniversary and related public programs.
New to The Street Airs Landmark Show #700 Today at 6:30 PM ET on Bloomberg Television
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2 min read • Published November 15, 2025
By
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2 min read • Published November 15, 2025
Featured companies include Lionscrest Advisors, DataVault AI (NASDAQ:DVLT), Pudgy Penguins (PENGU)), Peer To Peer Network (OTC:PTOP), and Acurx Pharmaceuticals (NASDAQ:ACXP).
NEW YORK CITY, NY / ACCESS Newswire / November 15, 2025 / New to The Street, one of the nation’s leading business television platforms and a top-ranked financial YouTube channel, announces the broadcast of its milestone Show #700 airing today at 6:30 PM ET on Bloomberg Television as sponsored programming.
This landmark episode underscores the brand’s rapid expansion across national television, digital, social, and outdoor media – showcasing innovative public and private companies shaping the next decade of technology, finance, healthcare, and consumer culture.
Featured Companies on Episode #700
Lionscrest Advisors
A global advisory and investment firm known for its strategic insight across capital markets, M&A, and corporate finance. Lionscrest provides institutional-grade advisory services to clients navigating complex financial landscapes worldwide.
DataVault AI (NASDAQ:DVLT)
A leader in enterprise-grade artificial intelligence, digital asset monetization, and data management. DVLT continues to advance AI-driven business intelligence solutions that help organizations unlock and monetize their data ecosystems.
Pudgy Penguins (PudgyPenguins)
A global consumer brand that has successfully expanded from blockchain culture into toys, licensing, digital IP, and mainstream media. Pudgy Penguins is among the fastest-growing Web3-native franchises with international retail distribution.
Peer To Peer Network (OTC:PTOP)
The company behind MobiCard, a digital business card and networking system that is transforming how individuals and businesses connect, share, and track professional interactions through mobile and cloud-based technology.
Acurx Pharmaceuticals (NASDAQ:ACXP)
A late-stage biopharmaceutical company developing a new class of antibiotics targeting difficult-to-treat bacterial infections. ACXP’s pipeline addresses major unmet medical needs, including C. difficile and other Gram-positive pathogens.
About New to The Street
New to The Street is the leading multi-channel financial media platform featuring weekly sponsored programming on Bloomberg Television and Fox Business, combined with one of the fastest-growing business YouTube channels in the industry. The platform integrates long-form interviews, television commercials, earned media, and iconic Times Square billboard exposure, offering companies a comprehensive and predictable national media presence.
With over 3.8M YouTube subscribers, national cable distribution reaching more than 200 million homes, and powerful social channels across LinkedIn, X, Instagram, and Facebook, New to The Street delivers unmatched visibility for emerging growth companies, mid-cap leaders, and global brands.
Beauty Pro Milly Almodovar Shares Simple Seasonal Swaps for Skin, Style and Confidence on TipsOnTv
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3 min read • Published November 14, 2025
By
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3 min read • Published November 14, 2025
Expert Gives Tips to Create a ‘Wow’ Look this Winter
ATLANTA, GEORGIA / ACCESS Newswire / November 14, 2025 / Winter and the holidays bring the ultimate beauty and style stress test with dry skin, freezing air outside, blasting heat inside, and outfits that must go from cozy to party-ready in seconds. The new trend for 2025? Winter glam that is wearable like glowing skin, smart fabric choices, and fashion that still looks chic when the temperature drops. Milly Almodovar, the on-air beauty and style expert seen on TODAY offers some ideas that work. Including tips to help the skin stay radiant, looks that hold up in cold weather, and easy upgrades that feel festive without the fuss.
KEEP SKIN LOOKING GREAT Rihanna’s go-to body moisturizer is Fenty Skin Butta Drop Whipped Oil Body Cream. It is ultra-luxe, super nourishing, and leaves skin with a gorgeous mega-sheen. It comes in amazing mix-and-match scents like Fenty Fresh, Vanilla Dream, and Salted Caramel and it is an Allure Best of Beauty winner that went viral and sold out thanks to the incredible hydration. Try it or gift the new Lil Butta Dropz gift set that comes in limited-edition festive scents ‘Naughty Nutmeg’ and ‘Warm Cinnamon.’ Whether buying the full size or mini the cost is under $50. For more information, visit fentybeauty.com
GO-TO SHOE PICK FOR WINTER Just in time for winter, the Chuck Taylor All Star Elements Boot is here to help everyone brave the cold. With the iconic ankle patch and All Star license plate this puffed-up version of the Chuck Taylor is the perfect cold-weather accessory. They are super cute, super cozy, and built to brave the elements. It is water-repellent, insulated, lined with fleece to keep warm, plus it has OrthoLite cushioning and a durable rubber sole that gives traction when needed. For more information, visit www.converse.com
AN EASIER WAY TO STAY STYLISH Especially this time of year, Stitch Fix is the go-to destination for styles without any shopping required, which definitely takes the stress away. Just take a quick style quiz, and a stylist handpicks pieces. Your Fix shows up right at your door – try it on, keep what you love, and send back the rest. No subscription needed, plus, shipping and returns are always free. And now, with new features like Stitch Fix Vision and Stylist Connect, you can actually see yourself in outfits before you buy and even chat with a stylist for tips. It’s holiday style made easy! For more information, visit www.stitchfix.com
ANOTHER FASHION OR BEAUTY TREND Men and women both love a little luxury for less and one trend that never goes out of style is healthy hair. PURA D’OR is my go-to for healthy looking hair. They are known for their best-selling Anti-Thinning Gold Label Shampoo and Conditioner Set, and it is under $40! PURA D’OR works for all hair types, and the formula blends premium natural extracts and select organic ingredients to tackle dryness and help comfort and refresh the scalp. Plus, it is packed with Aloe Vera, Argan Oil, and Red Korean Seaweed to help nourish and strengthen your hair, so it looks fuller, thicker, and healthier. For more information, visit purador.com
About TipsOnTV TipsOnTV is a lifestyle blog featuring content as seen on national and local media outlets. Expert hosts share advice for viewers, listeners, and readers. TipsOnTV covers a variety of topics, including food, entertaining, personal finance, technology, travel, health, lifestyle, and more.
Chef Tregaye Shares Her Secret Weapons for Stress Free Celebrations on TipsOnTv
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3 min read • Published November 14, 2025
By
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3 min read • Published November 14, 2025
Creative Ideas to Elevate Holiday Spread from Everyday to Extraordinary!
ATLANTA, GA / ACCESS Newswire / November 14, 2025 / The holiday season is here and with it, the pressure to serve meals that impress without the stress. Chef Tregaye, host of Tregaye’s Way on OWN and winner of Food Network Star, provides some timely tips to kick off the week with easy, flavorful ideas for Thanksgiving and beyond. From holiday classics with a twist to simple, crowd-pleasing recipes for parties and family gatherings, Chef Tregaye shares smart, time-saving ways to entertain with confidence all season long.
ONE MENU ITEM THAT SOME HOSTS MAY OVERLOOK
This holiday season do not overlook Italian dishes and flavors because Italian food is always a crowd-pleaser! Whether hosting friends, family, neighbors, or coworkers, Contadina brings that authentic Italian flavor that has been loved since 1918. With their premium tomato products whole, crushed, paste, sauce, and puree; take everyday meals and turn them into flavorful, memorable moments. Check out amazing recipes like the Skillet Beef Lasagna and Eggplant Parmesan. They are easy to make, loaded with flavor, and perfect for holiday entertaining. When hosting this season, Contadina is ripe for the moment. For more information, visit www.contadina.com
A SECRET TO COMPLETE THE HOLIDAY MENU
The holidays are all about good food and great memories and no holiday meal is complete without Bush’s Baked Beans. That slow-cooked flavor tastes just like home, without all the stress. It takes even the simplest dish and makes it feel special. It is that OG family favorite passed down from Grandma’s kitchen and it goes with everything like ham, turkey, and stuffing. Two favorites are Grandma’s Favorite Beans with beef, bacon, and smoky sausage. Or for something cozy and cheesy, try the Southern Beef and Beans Casserole with gooey cheese, onions, and peppers. With Bush’s, holiday entertaining is easy, delicious, and straight-up comforting. For more information, visit www.bushbeans.com
HOW CAN FAMILIES STAY CONNECTED
The holidays can get a little hectic, especially with kids running around while trying to host. So try HP’s free Bite Sized Lessons. They turn everyday moments into playful learning for the whole family. These fun printables were made with Highlights and Harvard experts and are perfect for kids 5 to 10. I use my HP Smart Tank 5101 to print them-it’s super easy and comes with up to 2 years of ink. So, while I’m serving holiday dishes, the kids are busy learning-and maybe even quizzing grandma at the table! For more information, visit printables.hp.com
TipsOnTV is a lifestyle blog featuring content as seen on national and local media outlets. Expert hosts share advice for viewers, listeners, and readers. TipsOnTV covers a variety of topics, including food, entertaining, personal finance, technology, travel, health, lifestyle, and more.
What is Answer Engine Optimization? Trustpoint Xposure Becomes the First Agency Bringing AEO Into Modern PR and Media Strategy
By
Media News
3 min read • Published November 14, 2025
By
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3 min read • Published November 14, 2025
POST FALLS, IDAHO / ACCESS Newswire / November 14, 2025 / Trustpoint Xposure’s early leadership in AEO equips clients with a major competitve advantage in an increasingly AI-driven landscape. AI assistants are now reshaping how audiences discover, research, and evaluate brands. Trustpoint Xposure, known for its relentless pursuit of leading the media industry in tech, announced today that it has become the first media strategy and PR agency to formally integrate Answer Engine Optimization (AEO) into its end-to-end communications practice. This milestone positions the agency as a pioneer in helping clients appear more accurately and consistently inside AI-generated answers.
Answer Engine Optimization refers to structuring content so large language models-ChatGPT, Gemini, Claude, Perplexity, and others-can parse, interpret, and cite brand information with greater precision. AEO differs from SEO by focusing on machine readability, factual density, and semantic clarity rather than keyword rankings or backlinks. In fact, SEO companies are now scrambling to understand the new integration. The challenge is, there are only a small few who know how it works, and even less who can teach it.
Defining AEO for the PR and Media World
AI-powered discovery now dominates early-stage research. Whether users ask:
"What is the best platform for…?"
"Compare the leading companies in…"
"Who are the top providers of…?"
AI systems assemble answers from multiple sources. Without AEO, brands may be inconsistently represented, misclassified, or omitted entirely.
Through its AEO-aligned framework, Trustpoint Xposure ensures brand content is properly indexed, contextualized, and surfaced across answer engines.
"Traditional firms simply don’t yet understand the tidal shift that’s happening right now begind the scenes. AEO is the missing link between PR and AI-driven discovery," said David Wilder, Founder & CEO of Trustpoint Xposure. "Our clients not only want their stories represented accurately by journalists, they want to be recognized at the go-to authority by AI systems. Our job is to make both happen."
Why PR Needs AEO
Traditional media placement does not guarantee AI discovery.
Today’s LLMs prioritize:
Clarity of definitions
Consistent terminology
Structured narrative patterns
Factual statements supported by recognizable entities
AEO addresses all of these, strengthening visibility across both human and machine audiences.
How Trustpoint Xposure Integrates AEO Into Its Work
Trustpoint’s AEO-based services include:
AI-structured press releases
Machine-readable executive bios
Entity-aligned messaging architectures
Knowledge graph optimization
AI-ready editorial frameworks
Semantic and factual consistency mapping
This dual-layer editorial process ensures high journalistic quality while enabling maximum AI retrievability.
AEO: The New Standard in Communications
Wilder added, "We’re helping our clients get ahead of the curve. In the next 12-18 months, AEO will become the baseline expectation for brands, just like SEO became expected for websites. "
Brands and communications teams looking to modernize their PR strategy for the AI era can contact Trustpoint Xposure at www.trustpointxposure.com.
About Trustpoint Xposure
Trustpoint Xposure is the first agency to formally integrate Answer Engine Optimization into its PR and media strategy practice. Through AI-structured writing, strategic narrative design, and content engineering, Trustpoint ensures brands achieve consistent, authoritative visibility across answer engines, AI assistants, and digital media ecosystems.
China’s Capital Market to Open Up More and More, CSRC Vice Chair Says
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3 min read • Published November 14, 2025
By
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3 min read • Published November 14, 2025
SHANGHAI, CHINA / ACCESS Newswire / November 14, 2025 / The Chinese capital market will become more and more open to the outside world, as the China Securities Regulatory Commission will steadily expand high-level institutional opening-up to create a favorable investment environment for international investors, according to the watchdog’s vice chairman.
The CSRC will continue to promote the opening up of the Chinese capital market in terms of marketization, rule of law, and internationalization, Li Ming said at the 2025 Shanghai Stock Exchange Global Investors Conference on November 12.
The CSRC will improve the qualified foreign investor system, steadily and prudently expand the interconnection mechanisms between onshore and offshore stock markets, accelerate the construction of world-class stock exchanges, enrich cross-border investment products, and promote the inclusion of more futures and options varieties in the scope of the opening-up, Li noted.
Moreover, the CSRC will enhance the convenience for foreign institutions to participate in the Chinese capital market, strengthen the construction of regulatory and risk prevention capacity in the open environment, deepen cross-border regulatory and law enforcement work, and effectively protect the legitimate rights and interests of all investors, he added.
"China’s economy is at a critical stage in a new round of technological revolution and industrial transformation," Qiu Yong, chairman of the SSE, said at the conference. "We sincerely invite global investors to pay active attention to and continuously invest in Chinese assets."
Foreign capital is actively investing in China’s advanced manufacturing, biomedicine, and other advantageous industries and paying more and more attention to investment opportunities in the country, according to Qian Jing, chief executive officer of Morgan Stanley Securities China.
China has become one of the most important markets in Temasek’s international investment portfolio, said Wu Yibing, chairman of Temasek China. As a long-term investor, Temasek has always kept an eye on the structural transformation process and policy orientation of the Chinese economy, he added.
"We will continue to build a resilient and forward-looking investment portfolio in China by investing long-term, patient, and value capital, and focus on opportunities that are in line with investment trends," Wu pointed out.
"Mergers and acquisitions and reorganizations have brought new investment opportunities to international investors," said Wang Bo, vice general manager of the SSE, adding that technology companies listed on the SSE’s Star Market will become a golden track for sharing the dividends of China’s technological innovation with international investors.
Foreign investors can proactively invest in traditional Chinese mainland-listed firms focused on transformation to seize the opportunities brought by their future revaluation, Wang noted.
Overseas investors can also invest in industry leaders at the early stage of industrial integration, obtaining long-term stable investment returns through the continuous enhancement of their core competitiveness, he added.
Chinese stocks are cheap and attractive enough, said Wong Kok Hoi, founder, chairman, and chief strategy officer of APS Asset Management, adding that he remains bullish on the Chinese capital market.
China’s economic development and technological progress will be driven by manufacturing, innovation, and talent, he predicted.
About Yicai Global
Launched in August 2016, Yicai Global is the English-language news service of Yicai Media Group, the financial news arm of Shanghai Media Group, which is one of China’s largest state-owned media conglomerates. Focused primarily on China’s business world, Yicai Global is dedicated to provide reliable and insightful information and analysis of the economy, finance, tech, startups, and entrepreneurs.
New Federal Filings Ask Whether Key SEC, Treasury, and DOJ Documents Omitted From PROMESA Hearings Could Have Influenced the 2016 Congressional Vote
By
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2 min read • Published November 14, 2025
By
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2 min read • Published November 14, 2025
Whistleblower urges reporters and policymakers to examine public RICO filings citing HR 1049’s findings and a Treasury-SEC memo questioning the 2013 PREPA bond issuance.
MURRIETA, CALIFORNIA / ACCESS Newswire / November 14, 2025 / Federal whistleblower Richard R. Lawless has submitted new filings highlighting federal documents that do not appear to have been referenced during the 2016 PROMESA hearings, despite containing substantial risk information relevant to Puerto Rico’s financial collapse. These materials, incorporated into a public set of civil RICO allegations now available on the PROMESA Title III docket, raise significant questions for policymakers, investors, and financial analysts.
Central to the filings are two key documents:
1. HR 1049 (2015 House Natural Resources Committee Report) The report – an official congressional document – described Puerto Rico’s electric utility finances citing refinancing cycles, distressed revenue structures, and internal financial warnings that predated PROMESA.
2. A 22-Page Treasury-SEC Email from 2013 Authored within the Treasury Department and shared with the SEC, the communication raised internal concerns that the 2013 PREPA bond issuance may not have fully reflected known risk factors. These included uncollectible receivables, revenue instability, and questions regarding the clarity of the offering materials. The 2013 bond issue later defaulted within approximately two years.
A Key Question Raised in the Filings
"If federal agencies possessed these documents prior to the PROMESA hearings, why were they not presented-and would the PROMESA vote have proceeded as it did if they had been?"
Lawless emphasized that the filings do not assert conclusions but call for independent examination by oversight bodies. "Given the scale of the documents now in the public domain, I strongly encourage reporters, policymakers, and analysts to review the docketed RICO materials themselves," Lawless said. "Every referenced document is publicly accessible."
Potential Impact Identified by Analysts
Analysts reviewing the filings note that:
HR 1049’s language does not appear in public PROMESA hearing transcripts;
The Treasury-SEC memo does not appear in the legislative record;
Both documents contain information that rating agencies, insurers, and institutional investors may have considered material;
Access to these documents could have influenced congressional debate and legislative outcomes.
Invitation for Review
The full RICO filings – including exhibits, timelines, and referenced federal documents – are available on the public docket. Lawless stated that transparency and independent verification are essential given the legislative importance of PROMESA and the scale of the financial losses involved.
No federal agency referenced in the filings has issued public comment on the historical handling of these documents.
Newsmax Announces Third Quarter 2025 Financial Results
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10 min read • Published November 13, 2025
By
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10 min read • Published November 13, 2025
Company Reports Revenues of $45.3 million, a 4.0% Year-Over-Year Increase, Outpacing Election-Year Comparison
Broadcast Revenues Increase to $36.6 Million, a 10.1% Increase Year-Over-Year
Newsmax Remains the Fourth Highest-Rated Cable News Channel With Over 28 Million Quarterly Viewers
BOCA RATON, FL / ACCESS Newswire / November 13, 2025 / Newsmax Inc. (NYSE:NMAX) ("Newsmax" or the "Company") today announced its financial results for the third quarter ended September 30, 2025.
Management Commentary
"We are pleased to announce another strong quarter that shows the power and consistency of our business, even in a non-election year when news audiences and advertising demand across the industry typically soften," said Christopher Ruddy, Chief Executive Officer of Newsmax. "Our performance this quarter reflects the strength of our diversified revenue model, the growing reach of our cable and FAST channels and the continued engagement of audiences across all of our platforms."
Ruddy continued, "Since going public, we have focused on building a company positioned for sustainable, long-term growth. Our strong balance sheet and access to the public markets give us the flexibility to invest strategically, expand our distribution and continue delivering compelling content that resonates with viewers. We remain focused on sustainable, long-term growth and on delivering consistent value for our shareholders."
Third Quarter 2025 Business and Operational Highlights
Newsmax has significantly expanded its distribution reach through multiple strategic initiatives including:
Secured distribution agreement with a leading hospitality provider, making Newsmax available in 900+ hotels and 300,000 hotel rooms nationwide.
Partnered with Curb to bring Newsmax programming to the Taxi TV platform, reaching over 15,000 screens across 65 U.S. markets generating 2.3 billion annual impressions.
Achieved major international expansion through partnership with Trump Media & Technology Group, making Newsmax available globally on Truth+ streaming platform across multiple devices and connected TV apps.
Extended multi-year carriage partnership with Fubo, launching Newsmax en Español on Fubo’s Latino plan and Latino Plus add-on package.
Expanded international news coverage with Carl Higbie broadcasting live from Israel, providing comprehensive coverage and exclusive interviews including with Israeli Prime Minister Benjamin Netanyahu.
Implemented strategic cryptocurrency purchase plan of up to $5 million to acquire Bitcoin and Trump Coin over the next 12 months, positioning Newsmax to be the first NYSE company to purchase Trump Coin.
Partnered with Veritone to modernize newsroom operations and unlock revenue potential from Newsmax’s extensive 20-year content archive through AI-powered Digital Media Hub technology.
Appointed David Gandler, Co-Founder and Chief Executive Officer of FuboTV, to the Board of Directors, bringing extensive streaming and media industry expertise.
Third Quarter 2025 Financial Highlights
Newsmax reported total quarterly revenues of $45.3 million for the three-month period ended September 30, 2025, representing a 4.0% year-over-year increase.
Total Broadcasting revenues grew 10.1% year-over-year to $36.6 million for the third quarter of 2025, underscoring continued growth even in a non-election year. This was driven by affiliate fee revenue growth, higher ratings and pricing for broadcasting ad revenue and an increase in Newsmax+ subscribers.
Advertising Revenues decreased slightly by 1.6% year-over-year to $27.6 million due to a non-election year comparison period.
Affiliate Revenues increased 22.3% year-over-year to $8.1 million driven by new contractual relationships as well as rate increases that went into effect in 2025.
Subscription Revenues of $6.9 million were flat year-over-year, driven by an increase in Newsmax+ subscribers, offset by reductions in publication subscriptions due to election cycle cyclicality.
Product Sales Revenues increased 1.8% year-over-year to $1.5 million.
Newsmax reported a quarterly Net Loss of $(4.1) million as compared to a Net Loss of $(9.8) million reported in the prior year quarter, primarily driven by higher production and programming investments, public company and stock-based compensation costs, offset by reduced legal expenses and higher broadcast revenues.
Quarterly Adjusted EBITDA was $(1.8) million, a decrease of $4.4 million from the amount reported in the same quarter last year, primarily due to higher production and programming expenses and increased personnel and public company costs associated with the Company’s continued expansion. (See reconciliation of net loss to adjusted EBITDA below).
The Company ended the quarter with $130.4 million in Cash and short-term investments. Cash and Cash Equivalents were $14.2 million and short-term investments were $116.2 million.
Newsmax is reiterating its previously issued full-year 2025 revenue guidance of $180 million to $190 million.
"Our third quarter results highlight the resilience and momentum of our business," commented Darryle Burnham, Chief Financial Officer. "By expanding our global distribution footprint and modernizing our content monetization strategy, we are laying the foundation for sustainable, long-term growth. We are encouraged by the strong performance we are seeing early in the fourth quarter and remain confident in our previously disclosed full-year revenue guidance. Supported by a solid balance sheet, we continue to invest in strategic opportunities that enhance our reach, strengthen our financial profile and drive shareholder value."
Earnings Call Information
The Company will host an earnings call at 4:30pm ET today to discuss the third quarter 2025 financial results. Participants may access the live webcast at Newsmax’s investor relations website at: Investor Relations | Newsmax Inc.
About Newsmax
Newsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation’s leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax’s media properties reach more than 50 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches over 22 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax "a news powerhouse."
This communication contains forward-looking statements. From time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements can be identified by those that are not historical in nature. The forward-looking statements discussed in this communication and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. Newsmax does not guarantee future results, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. Forward-looking statements should not be relied upon as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this communication to conform our prior statements to actual results or revised expectations, and we do not intend to do so. Factors that may cause actual results to differ materially from current expectations include various factors, including but not limited changes in domestic and global general economic and macro-economic conditions and the volatility of the price of Common Stock that may result from, among other things, comments by securities analysts or other third parties, including blogs, articles, message boards and social and other media, large shareholders exiting their position in our Common Stock, any negative public perception of us, sales of shares previously registered for resale, or other uncertainties and the factors set forth in the sections entitled "Risk Factors" in Newsmax’s Annual Report on Form 10-K for the twelve months ended December 31, 2024, Newsmax’s Quarterly Report on Form 10-Q for the three months ended June 30, 2025, and other filings Newsmax makes with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Undue reliance should not be placed on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein.
USE AND DEFINITION OF NON-GAAP FINANCIAL MEASURES
This press release contains a financial measure that has not been prepared in accordance with United States Generally Accepted Accounting Principles ("U.S. GAAP"). This financial measure is Adjusted EBITDA.
Non-GAAP financial measures are used to supplement the financial information presented on a U.S. GAAP basis and should not be considered in isolation or as a substitute for the relevant U.S. GAAP measures and should be read in conjunction with information presented on a U.S. GAAP basis. Because not all companies use identical calculations, our presentation of Non-GAAP measures may not be comparable to other similarly titled measures of other companies.
Adjusted EBITDA[1] is defined as revenues less cost of revenues and general and administrative expenses and does not include depreciation and amortization, interest expense, net, impairment charges, unrealized gains (losses) on marketable securities, other corporate matters (consisting primarily of certain litigation expenses, and related fees, for specific legal proceedings that the Company has determined are infrequent and unusual in terms of their magnitude), other, net, and income tax expense.
[1] The Company compensates for limitations of the adjusted EBITDA measure by prominently disclosing GAAP net income (loss), which the Company believes is the most directly comparable GAAP measure, and providing investors with a reconciliation from GAAP net income (loss) to adjusted EBITDA on page 13.
NEWSMAX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
September 30,
December 31,
2025
2024
ASSETS
Current assets:
Cash and cash equivalents
$
14,181,578
$
24,052,887
Funds held in escrow
20,000,000
–
Investments
116,175,071
58,310,955
Accounts receivable, net
30,623,417
28,265,721
Inventories, net
1,798,300
1,792,697
Prepaid expenses and other current assets
9,457,315
8,925,294
Total current assets
192,235,681
121,347,554
Property and equipment, net
6,568,078
6,225,617
Right of use asset, operating lease
4,531,107
7,191,606
Other assets
9,446,965
10,698,660
Security deposits
549,277
609,426
Funds held in escrow
20,000,000
–
Total assets
$
233,331,108
$
146,072,863
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities
Accounts payable
$
15,844,429
$
14,670,846
Accrued expenses
9,824,063
9,882,720
Accrued payroll
3,439,899
2,220,872
Accrued distribution
935,380
1,068,366
Deferred revenue
10,673,913
13,652,699
Lease liability, operating lease
3,320,703
3,894,102
Lease liability, finance lease
156,420
199,237
Settlement liability
26,022,450
29,099,265
Warrant liability
–
6,499,821
Derivative liability
–
41,459,418
Total current liabilities
70,217,257
122,647,346
Long-term liabilities:
Deferred revenue, net of current portion
3,031,812
2,835,218
Lease liability, operating lease, net of current portion
1,710,473
4,049,256
Lease liability finance lease, net of current portion
19,614
129,930
Share repurchase liability
6,407,990
–
Other long-term liabilities
937,500
–
Settlement liability, net of current portion
45,045,400
25,477,941
Total liabilities
127,370,046
155,139,691
Commitments and contingencies (Note 11)
Convertible and redeemable preferred stock, $0.001 par value; 11,034 shares authorized; and 0 and 5,575 shares issued and outstanding as of September 30, 2025 and December 31, 2024
–
128,576,901
Stockholders’ equity (deficit)
Convertible and redeemable preferred stock, $0.001 par value; 60,000 shares authorized; and 0 and 27,612 shares issued and outstanding as of September 30, 2025 and December 31, 2024
–
86,742,045
Class A common stock, 0.001 par value; 50,000,000 shares authorized; 39,239,297 shares issued and outstanding; Class B common stock, 0.001 par value; 940,000,000 shares authorized 89,884,489 shares issued and outstanding at September 30, 2025. Class A common stock, 0.001 par value; 20,000 Class A shares authorized; 68,127,538 Class A shares issued and outstanding at December 31, 2024; 60,000 Class B shares authorized; 0 Class B shares issued and outstanding at December 31, 2024 (1)
129,124
10
Treasury stock, 0 and 27,061,584 shares at cost, respectively
–
(14,622,222
)
Additional paid-in capital
429,920,419
18,056,702
Accumulated other comprehensive income (loss)
810,725
(52,849
)
Accumulated deficit
(324,899,206
)
(227,767,415
)
Total stockholders’ equity (deficit)
105,961,062
(137,643,729
)
Total liabilities, convertible and redeemable preferred stock and stockholders’ equity (deficit)
$
233,331,108
$
146,072,863
NEWSMAX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited)
September 30,
September 30,
2025
2024
2025
2024
Revenues:
Service revenue
$
43,724,758
$
41,993,774
$
132,344,306
$
118,903,244
Product revenue
1,547,938
1,520,178
4,669,841
4,437,085
Total revenues
45,272,696
43,513,952
137,014,147
123,340,329
Cost of services
28,357,890
22,589,117
80,765,038
64,165,716
Cost of products sold
954,070
1,162,172
3,184,474
3,785,208
Gross profit
15,960,736
19,762,663
53,064,635
55,389,405
General and administrative expenses:
Personnel costs
8,202,407
6,557,029
24,830,586
18,396,598
Advertising costs
4,613,034
4,215,409
14,972,904
12,560,388
Professional fees
2,602,513
1,457,565
9,993,062
3,928,383
Rent and utilities
1,494,040
1,526,716
4,484,284
4,496,174
Depreciation
690,320
746,206
2,161,785
2,371,299
Other corporate matters
1,192,312
10,718,880
79,297,013
69,793,233
Other
4,364,669
3,335,633
12,501,789
8,232,579
Total general and administrative expenses
23,159,295
28,557,438
148,241,423
119,778,654
Loss from operations
(7,198,559
)
(8,794,775
)
(95,176,788
)
(64,389,249
)
Other income (expense), net
Interest and dividend income
2,203,611
166,694
5,059,952
220,155
Interest expense
(5,455
)
(25,067
)
(18,966
)
(73,229
)
Unrealized gain on marketable securities
957,795
136,355
2,042,639
264,929
Other, net
(17,062
)
(1,253,656
)
(8,359,960
)
(1,285,342
)
Total other income (expense), net
3,138,889
(975,674
)
(1,276,335
)
(873,487
)
Net loss before income taxes
(4,059,670
)
(9,770,449
)
(96,453,123
)
(65,262,736
)
Income tax expense (benefit)
55,736
(162
)
70,429
20,798
Net loss
$
(4,115,406
)
$
(9,770,287
)
$
(96,523,552
)
$
(65,283,534
)
Other comprehensive income:
Unrealized (loss) gain on available for sale debt investments, net of income tax
(65,595
)
–
863,574
–
Comprehensive loss
$
(4,181,001
)
$
(9,770,287
)
$
(95,659,978
)
$
(65,283,534
)
Weighted average common stock outstanding, basic and diluted (1)
128,480,258
41,065,954
100,938,896
41,065,954
Net loss per share attributable to common stockholders, basic and diluted
$
(0.03
)
$
(0.29
)
$
(1.00
)
$
(1.71
)
NEWSMAX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED September 30, 2025 AND 2024 (Unaudited)
2025
2024
Cash flows from operating activities:
Net loss
$
(96,523,552
)
$
(65,283,534
)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
4,614,605
4,663,869
Stock-based compensation
8,542,133
–
Change in fair value of warrant liability
1,824,179
6,373,757
Change in fair value of derivative liability
6,104,230
871,423
(Recovery of) provision for credit losses
(67,024
)
(398,460
)
Unrealized gain on marketable securities
(2,042,639
)
(264,929
)
Non-cash lease expense
2,575,226
2,696,788
Non-cash expense related to SEPA Agreement
500,000
–
Changes in operating assets and liabilities:
(Increase) decrease in assets:
Accounts receivable
(2,290,672
)
(3,912,014
)
Inventory
(5,603
)
1,522,127
Prepaid expenses and other current assets
(2,470,684
)
(1,510,367
)
Funding of settlement escrow
(40,000,000
)
–
Other asset
(1,201,125
)
–
Security deposits
60,149
133,017
Increase (decrease) in liabilities:
Accounts payable
452,333
(5,513,332
)
Accrued expenses
1,027,384
9,035,612
Lease liabilities
(2,826,909
)
(2,818,993
)
Settlement liability
16,490,644
36,959,521
Other long-term liabilities
937,500
–
Deferred revenue
(2,782,192
)
(3,734,657
)
Net cash used in operating activities
(107,082,017
)
(21,180,172
)
Cash flows from investing activities:
Purchase of investments
(132,569,436
)
–
Proceeds from maturity of investments
28,250,000
–
Sale of investments
49,361,533
314,432
Purchase of property and equipment
(1,782,997
)
(497,453
)
Net cash used in investing activities
(56,740,900
)
(183,021
)
Cash flows from financing activities:
Proceeds from issuance of convertible preferred stock, net
80,742,222
50,471,381
Proceeds from issuance of common stock IPO, net
66,359,453
–
Proceeds from exercise of stock options
7,829,631
–
Proceeds from additional stock issuance
88,500
–
Payment of dividend
(915,067
)
–
Principal payment under finance lease obligation
(153,132
)
(139,040
)
Net cash provided by financing activities
153,951,608
50,332,341
Net change in cash
(9,871,309
)
28,969,148
Cash and cash equivalents – beginning
24,052,887
6,037,211
Cash and cash equivalents – ending
$
14,181,578
$
35,006,359
Supplemental disclosures of cash flow information:
Operating lease assets obtained in exchange for operating lease liabilities
$
28,391
$
76,708
Allocation from equity to derivative liability for Series B Preferred Stock
$
–
$
14,982,293
Interest paid
$
1,829
$
30,289
Non-cash transactions:
Property and equipment acquired through accounts payable:
$
721,250
$
210,737
Non-cash financing activities:
Issuance of warrants in connection with the issuance of convertible stock
$
1,144,976
$
–
Common stock issuance costs reclassified from prepaid expenses
$
(1,798,989
)
$
–
IPO funds receivable in escrow
$
34,500
$
–
NEWSMAX INC. AND SUBSIDIARIES ADJUSTED EBITDA RECONCILIATION FOR THE THREE MONTHS ENDED September 30, 2025 AND 2024 (Unaudited)
2025
2024
Net loss
$
(4,115,406
)
$
(9,770,287
)
Add
Depreciation
690,320
746,206
Interest, net
(2,198,156
)
(141,627
)
Unrealized (gain) loss on marketable securities
(957,795
)
(136,355
)
Stock-based compensation
3,547,340
–
Other corporate matters[2]
1,192,312
10,718,880
Other, net[3]
17,062
1,253,656
Income tax expense
55,736
(162
)
Adjusted EBITDA[4]
$
(1,768,587
)
$
2,670,311
[2] Comprised of certain litigation expenses, and related fees, for specific legal proceedings that we have determined are infrequent and unusual in terms of their magnitude. [3] Comprised of miscellaneous items such as derivative adjustments, income tax credits, and unrealized gains on securities [4] For a discussion of Adjusted EBITDA, see "Non-GAAP Financial Measures" below.