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FIFA Weighs 64-Team World Cup Expansion for 2030 as China Eyes Path Back to Global Stage

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Qatar's wealth has attracted Neymar and Lionel Messi to Paris Saint-Germain

FIFA President Gianni Infantino said this week that a proposal to expand the World Cup finals from 48 to 64 teams will be formally reviewed by the organization’s relevant commissioner once the current 2026 tournament concludes, opening a new debate over the future scale of global soccer’s biggest event even before this year’s edition has crowned a champion.

Infantino discussed the potential expansion in an interview with Swiss outlet Blue Sports, saying the next phase of growth for the tournament could be evaluated in time for the 2030 World Cup, which is set to mark the competition’s 100th anniversary. That edition is already scheduled to be held across six countries, with Morocco, Portugal and Spain serving as primary hosts and Uruguay, Argentina and Paraguay each staging a single commemorative match to honor the tournament’s origins in Uruguay in 1930.

The current 2026 World Cup, being co-hosted by the United States, Canada and Mexico, marked the tournament’s first expansion to 48 teams, up from the 32-team format used since 1998. Under the new structure, 12 groups of four teams sent their top two finishers, along with the eight best third-place teams, into an expanded round of 32, pushing the total number of matches from 64 up to 104. Infantino has called the 48-team experiment a success, pointing to figures showing teams from every confederation scored goals and picked up points during the group stage, and noting that nine of Africa’s 10 participating nations advanced out of the group phase. He has argued that widening the tournament’s field gives smaller footballing nations a realistic chance to dream of World Cup qualification, which he says helps sustain development and investment in the sport globally.

A formal competition format for a potential 64-team tournament has not yet been determined. The most straightforward structural option would organize the field into 16 groups of four teams, with winners and runners-up from each group advancing to a round of 32, producing 96 group-stage matches and 32 knockout matches for a total of 128 matches, 24 more than the current tournament. Implementing that format would require FIFA to reassess the overall tournament schedule, player rest periods, the number of host stadiums needed and the travel distances required of participating teams, particularly given the format under consideration would already span six host nations across multiple continents in 2030.

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News of Infantino’s comments quickly spread through Chinese soccer media and online forums, where fans and commentators began speculating about how many additional qualifying slots the Asian confederation might receive under an expanded format. Asia currently holds eight direct qualification slots for the World Cup finals, plus one intercontinental playoff spot; in the current 2026 cycle, Iraq advanced through that playoff route, bringing Asia’s total representation to nine teams. Some Chinese outlets have speculated that Asia’s overall allotment could grow to roughly 11 slots under a 64-team format, a projection that generated significant excitement online even though FIFA has not released any formal continental distribution plan tied to the proposed expansion.

That excitement reflects China’s prolonged absence from the World Cup stage. The Chinese men’s national team has not qualified for the tournament finals since co-hosting the 2002 World Cup alongside South Korea and Japan. Despite the expansion to 48 teams for the current cycle, which significantly increased Asia’s direct qualification slots, China still failed to secure a spot. According to FIFA’s official world rankings released June 11, China sits 91st globally, a position Chinese media outlets have calculated as somewhere between 13th and 15th within Asia alone, depending on the specific ranking methodology and timing used. Even under a hypothetical scenario granting Asia 11 or 12 total slots at a 64-team World Cup, China would not automatically qualify given its current standing.

The Asian nations currently ranked ahead of China remain tightly bunched near the top of the confederation, led by Japan, Iran, South Korea and Australia, followed closely by Uzbekistan, Qatar, Iraq, Saudi Arabia, Jordan, the United Arab Emirates and Oman, with Indonesia, Bahrain and Thailand occupying a similar competitive tier to China. Analysts note that even with additional qualification slots on the table, the outcome of a single qualifying match could still meaningfully shift the competitive order among these closely matched sides.

China’s struggles were not resolved by the current cycle’s expansion either. The final round of Asian World Cup qualifying grew to 18 teams for the 2026 cycle, with additional qualification pathways opened for teams finishing third and fourth in their groups, yet China still failed to advance through that broader structure. Analysts have noted that a larger overall field does not substitute for improvements in the national team’s core fundamentals, including defensive organization, scoring output, youth development pipelines and domestic league competitiveness.

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For other established Asian powers such as South Korea and Japan, the calculus surrounding a potential expansion differs considerably. Both nations have focused less on qualification itself and more on how an enlarged field might affect overall competitiveness once teams reach the finals, with some analysts cautioning that a larger tournament could reduce the intensity of qualifying competition while widening the gap between top-tier teams, who would benefit from extended tournament schedules, and lower-ranked nations gaining wider access to the finals for the first time.

Commercial considerations are also expected to factor heavily into FIFA’s eventual decision. A jump to 128 total matches would meaningfully expand broadcasting rights, advertising inventory and ticket sales opportunities, even as it raises the operational costs and logistical complexity of staging a tournament spread across six host countries in 2030.

With FIFA’s total membership standing at 211 national federations, a 64-team World Cup would mean roughly three of every 10 member nations would qualify for the finals, a shift that would open the tournament’s door to countries for whom a single World Cup appearance has remained a decades-long ambition, while raising fresh questions about how the competition’s overall prestige and quality might be affected by such a significant expansion.

Infantino’s comments this week represent only the opening of that conversation rather than a formal decision. With the 2026 World Cup final still to be played, FIFA has indicated that a formal review of the 64-team proposal, including continental qualification allocations and competition format, will follow only after this year’s tournament concludes, leaving China and other hopeful nations to wait for further clarity on a plan that, for now, remains entirely theoretical.

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Who Has Better Betting Odds to Score in Today’s France-Spain Semifinal?

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Lamine Yamal Calls Lionel Messi's World Cup Form 'Incredible' Ahead

Kylian Mbappé holds a clear edge over Lamine Yamal in betting markets and statistical models heading into Tuesday’s World Cup semifinal between France and Spain, with sportsbooks and analytics firms alike pricing the French captain as the far more likely of the two attacking stars to find the net at AT&T Stadium in Arlington, Texas.

Mbappé’s anytime goalscorer odds sit in the range of -105 to +110 across major U.S. sportsbooks, according to compiled odds from FOX Sports, Bleacher Nation and SportsbookReview, implying a probability of scoring somewhere between roughly 48% and 52%. Yamal, by contrast, carries odds ranging from +220 to +240 depending on the book, implying a probability closer to 29% to 31%. ESPN’s odds board lists Yamal’s anytime goal price at +195, alongside a first-goal price of +550 and a two-or-more-goal price of +1200, figures broadly consistent across other major sportsbooks tracking the match.

Analytics firm Dimers, which runs a 10,000-simulation model factoring in defensive form and tactical matchups for its projections, gives Mbappé a 34.3% chance of scoring at any point Tuesday, along with a 6.6% chance of scoring two or more goals. Yamal, according to the same model, sits closer to a 20% chance of finding the net, grouped alongside Spain’s leading scorer this tournament, Mikel Oyarzabal, who carries a similar probability in Dimers’ projections.

Mbappé’s favored status reflects a dominant tournament so far. The French captain enters Tuesday’s match with eight goals through six matches, tied with Argentina’s Lionel Messi atop the tournament’s Golden Boot standings, and has converted on 42% of the 19 shots on goal he has recorded at this World Cup, according to figures cited by SportsbookReview. FOX Sports noted that Mbappé is averaging 5.0 shots per game overall, with 3.2 of those shots on target, a volume that has made him the most heavily bet anytime goalscorer of the tournament by a wide margin; one outlet reported five times more bets placed on Mbappé to score than on any other player in Tuesday’s match, with 94% of the money taken in on the outright result backing France to advance.

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Yamal’s odds reflect a considerably quieter tournament by his own standards. The 18-year-old Barcelona winger has scored just once at this World Cup, coming in Spain’s 3-0 win over Saudi Arabia during the group stage, and has not registered another goal contribution since, a marked contrast to his standout performances at Euro 2024 and the 2025 UEFA Nations League. Yamal also entered the knockout rounds managing a hamstring injury sustained in the spring, which analysts say limited his output during Spain’s quarterfinal win over Belgium even as he continued rounding back into form. One betting analysis from BookmakersReview characterized Yamal’s current price as reflecting reputation more than recent form, noting the teenager “spent the group stage working back from a spring hamstring injury and now draws two or three defenders every time he sneezes near the ball,” and describing his current odds as “a fame price, not a form price.”

Even so, Yamal carries genuine history against this specific opponent that keeps him firmly in the conversation. He scored a memorable long-range goal against France in Spain’s 5-4 win over Les Bleus in the 2025 UEFA Nations League semifinal, a result that still looms over Tuesday’s rematch given that several members of the current French squad were on the field for that defeat. One betting preview from SportscastingLive specifically flagged Yamal as “the best value for those predicting a Spanish upset,” pricing him at +220 as its top value pick alongside Mbappé as its top overall pick at +105.

Beyond the two headline names, other players carry notable anytime scorer odds heading into kickoff. France’s Ousmane Dembélé, who has scored five goals this tournament, sits in the +210 to +230 range across various books, while Spain’s Mikel Oyarzabal, the team’s leading scorer with four goals, is priced between +165 and +200. French midfielder Michael Olise, who leads the tournament with six assists, carries longer odds around +270 to +320 to score himself, reflecting his more playmaking-oriented role within France’s attack.

The gap between Mbappé’s and Yamal’s odds also reflects the broader statistical profile of the two national teams heading into Tuesday’s match. France has scored 16 goals through six matches, the most of any remaining team in the tournament, while conceding just two, and has kept clean sheets in three consecutive matches. Spain, by contrast, has scored 11 goals across its six matches while conceding only a single goal all tournament, a defensive record built on a run of six consecutive clean sheets before finally conceding in the quarterfinal win over Belgium. That contrast, an explosive, front-loaded French attack against a disciplined, low-event Spanish side that has repeatedly needed late goals to advance, helps explain why oddsmakers view Mbappé as considerably more likely to break through than Yamal, even though Spain itself remains competitive on the overall match result, priced around +210 to +225 to win outright.

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Notably, all major sportsbooks list their goalscorer markets as settling across the full 120 minutes of play, including any extra time, though not penalty shootouts, meaning both Mbappé’s and Yamal’s probabilities account for the possibility that Tuesday’s match extends beyond regulation should the score remain level after 90 minutes.

Ultimately, while betting odds and statistical models are not guarantees of what will unfold on the pitch, the consensus across sportsbooks and analytics platforms heading into Tuesday’s semifinal is clear: Mbappé, riding a historic scoring pace and functioning as the focal point of France’s attack, holds a meaningfully higher probability of scoring than Yamal, whose odds instead reflect a talented but comparatively quieter tournament so far, tempered by lingering fitness questions and a Spanish system built more around collective control than individual scoring bursts. Whether Yamal can author another moment of magic against France, as he did in last year’s Nations League semifinal, remains one of the more intriguing subplots heading into kickoff at 3 p.m. Eastern time.

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June CPI: Inflation eased following recent surge driven by Iran war

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Americans see gas price relief as costs fall annually in January 2026 CPI data

This story about the June 2026 CPI inflation report will be updated with further details.

Inflation pulled back in June after surging in prior months due to the Iran war’s impact on energy prices throughout the economy.

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The Bureau of Labor Statistics (BLS) said on Tuesday that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – declined 0.4% on a monthly basis in June and was up 3.5% from a year ago. The monthly decline was the largest since a 0.8% decrease in April 2020.

Expectations vs. reality

Those figures were cooler than the estimates of economists polled by LSEG, who predicted a decline of 0.1% on a monthly basis and a 3.8% increase from a year ago. They also represent a cooling trend from the 0.5% monthly increase and the 4.2% annual rise recorded in the May edition of the report.

So-called core prices, which exclude volatile measurements of gasoline and groceries to better assess price growth trends, were unchanged from a month ago and up 2.6% from last year. Both of those figures were lower than the estimates of economists polled by LSEG, who predicted a monthly increase of 0.2% and 2.8% from a year ago.

MORE AMERICANS RELYING ON CREDIT CARDS TO BUY GROCERIES, NEW STUDY FINDS

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The cost of living breakdown

High inflation has created severe financial pressures in recent years for most U.S. households, which are forced to pay more for everyday necessities like food and rent. Price hikes are particularly difficult for lower-income Americans, because they tend to spend more of their already-stretched paychecks on necessities and have less flexibility to save.

Energy prices fell 5.7% on a monthly basis – the energy index’s largest monthly decline since April 2020 – and are up 15.7% from a year ago. BLS noted that the energy index was the largest contributor to the decline in headline inflation, more than offsetting increases in indexes for food and housing.

Gasoline prices fell 9.7% in June and are up 26.7% from a year ago. Electricity prices were down 1% on a monthly basis and are up 4% from a year ago. Utility gas service prices rose 0.5% in June and are up 3% from last year.

Food prices rose 0.2% in June and are up 3% in the past year. The food at home index is 2.7% higher than a year ago, while the food away from home index is up 3.4% in the last year and both rose 0.2% on a monthly basis in June.

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A man stands at a gas station.

Energy prices fell 5.7% on a monthly basis and are up 15.7% from a year ago. (Justin Sullivan/Getty Images)

The meats, poultry and fish index was 0.4% higher in June and has risen 5.7% over the past year. Beef and veal prices rose 1.2% on a monthly basis and are up 11.8% from a year ago. Egg prices increased 4.3% in June but are down 27.9% over the last year as supplies normalized after an avian flu outbreak. Prices for fruits and vegetables decreased 0.2% in June and are up 5.3% from a year ago.

Housing prices rose 0.1% on a monthly basis, which was the smallest one-month change since January 2021, and are up 3.3% from a year ago. Tenants’ and household insurance costs rose 0.2% from a month ago and are up 5.9% in the last year.

Transportation services prices declined 0.3% in June and are 3.4% higher than a year ago. Airline fares increased 0.2% on a monthly basis but are up 26.5% compared with a year ago.

A United Airlines jet takes off from Los Angeles International Airport.

Airline fares increased 0.2% on a monthly basis. (Mike Blake/Reuters)

DELTA CEO ED BASTIAN SAYS AIRLINE FARES WILL STAY ELEVATED EVEN IF JET FUEL PRICES FALL

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What experts are saying

Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management, said that the “Fed was losing patience with high inflation, and today’s cooler-than-expected report gives them room to breathe.”

“By surprising on the downside, it relieves immediate pressure for action, allows the Fed to gather additional inflation data over the summer, and makes it considerably easier for policymakers to maintain their current wait-and-see stance through the next meeting,” Zentner added.

Jeffrey Roach, chief economist for LPL Financial, said: “After today’s benign core inflation release, it appears less likely that the FOMC will raise rates over the next few meetings. However, we may still be at an inflection point, given the risk that the energy shock could spill over into other categories of consumer prices. A positive resolution with Iran before the end of the summer is becoming increasingly important.”

What does it mean for the Fed?

The Federal Reserve has held interest rates steady at recent meetings amid concerns about elevated inflation, and with readings still coming in well above the central bank’s 2% target, policymakers are likely to leave rates unchanged at the next few meetings.

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The CME FedWatch tool showed an 85.6% probability that the benchmark federal funds rate will remain at its current target range of 3.5% to 3.75% at the Fed’s next meeting in late July, up from 58.3% a day ago.

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The tool also shows a 0% chance of a 25-basis-point rate cut by the end of the year, with just a 19.4% chance that rates remain at their current levels – with a 42.2% chance of a 25-basis-point hike and a 29.7% chance of 50-basis-points worth of hikes by the end of the year.

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Crinetics Pharmaceuticals stock hits all-time high at 83.77 USD

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Crinetics Pharmaceuticals stock hits all-time high at 83.77 USD

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Trump swaps Strait of Hormuz shipping fee for Gulf deals

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Trump swaps Strait of Hormuz shipping fee for Gulf deals

President Donald Trump on Tuesday announced that he will replace a 20% fee on commercial shipping moving through the Strait of Hormuz with “Trade and Investment Deals” that Gulf nations will be making in the United States.

Trump said the move came as the movement of oil and natural gas supplies has eased along the waterway, a vital, narrow commercial shipping point currently being contested by Washington and Tehran.

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“Oil is flowing like never before, thanks to the awesome Power of the United States Military,” Trump wrote on Truth Social. “The Strait of Hormuz is open to ALL Ship traffic except for Iran — and that is because of their lying, violent, malicious leadership, which is taking them down the path of TOTAL DESTRUCTION.”

OIL PRICES FLUCTUATE AS TRUMP’S IRAN DEAL COULD FULLY REOPEN STRAIT OF HORMUZ

Donald Trump

President Donald Trump gestures as he participates in a bilateral meeting with Iraqi Prime Minister Ali al-Zaidi (not pictured) in the Oval Office at the White House in Washington, D.C. (Reuters / Reuters)

However, Trump said he would reinstate a blockade on Iran.

“We will therefore have a FULL Blockade, but only on Ships coming to and from Iranian ports, or carrying anything have to do with Iranian cargo,” he added. “Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States.”

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Trump’s announcement comes amid Iran’s push to assert control over the strait. Tehran has claimed sovereign authority over the territory, despite the strait historically being considered a free-to-use international waterway.

During Tuesday’s meeting with Iraqi Prime Minister Ali al-Zaidi, Trump said he spoke with Gulf state leaders, who all said they would like to invest in the U.S. “at record amounts.”

OIL PRICES PLUNGE TO LOWEST LEVELS SINCE EARLY MARCH AFTER TRUMP SIGNS IRAN DEAL

Strait of Hormuz

Ships and tankers in the Strait of Hormuz off the coast of Musandam, Oman, April 18, 2026.  (Reuters / Reuters)

“And this way there’s no fee,” he told reporters in the Oval Office. “I don’t like the concept of a fee, but at the same time, it’s not fair that we’re protecting this strait for the entire world, for China and everyone.”

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“I don’t mind protecting it for anybody. But it’s unfair that we’re not in somehow compensated. And we’ve been doing this for many years,” he added. “They’re investing and they’re getting a return on their money, and it’s good, but they’re going to be making massive investments into the United States and I like that much better.”

Over the weekend, U.S. and Iranian forces exchanged missile and drone attacks as Tehran again claimed to have control over the strait.

On Monday, the U.S. launched strikes against Iranian military sites. By Tuesday, Trump said Iran had been “very much destabilized.”

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“I think what we’ve done to Iran is we’ve taken away almost all of their military capability.”

“I gave them a chance. I wanted to give them a chance at making a deal. You know, we had a deal two days ago. It was done. And then all of a sudden, they couldn’t do it,” he said. “They didn’t like something about the deal. They couldn’t do it. And they shot first. And that was a big mistake that they shot first because we have been knocking the hell out of them.”

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Winn Group subsidiaries fuel turnover growth for Newcastle accident specialist

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New accounts for the claims, recovery and repairs group also show a fall in operating profits

Chris Birkett, CEO of Winn Group

Chris Birkett, CEO of Winn Group(Image: Winn Group)

Turnover has increased at Newcastle accident management specialist Winn Group, which says it is well positioned to meet market challenges ahead.

The legal group – which includes replacement vehicle firm On-Hire, medico-legal reporting and rehab firm On Medical and non-fault accident specialists Winn Solicitors – saw turnover rise to £217m in the year to the end of March, 2026, from £196.1m the year before. The accounts for Winn Holding Limited show operating profit fell from £38.7m to £29.8m.

Bosses said performance had been impacted by narrowed operational losses from the group’s Scottish office which started trading in April 2023, and reduction in instructions across intervention services, along with increased salary and commission costs amid increased volumes and legal fees. Winn said it expects strong levels of profit in the future from its Scottish operation, where legal fees increased by 148% to more than £1.6m during the year.

Elsewhere, the main contributor to group revenue growth was On Hire Limited, which saw revenue increase 8% to more than £185.4m on the back of growing instructions. Winn Solicitors Limited ended the year with a 28% increase in turnover thanks to a 38% increase in non-personal injury fees and a 15% increase in fees across road traffic accident personal injury cases.

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Meanwhile On Medical was only providing services to medical instructions not completed by April 1, with its main activity being the collection of outstanding trade debtors’ balances. Strong cash generation was noted across the group with £41m of cashflow generated from operating activities before exceptional costs. Dividends of more than £80.7m were also paid during the year.

Winn Group describes itself as a one-stop-shop for people involved in road traffic accidents. The group has become a major player in the accident management and rehabilitation market in recent years and offers an around-the-clock service to clients. It handles vehicle recovery, repairs arrangements and replacement vehicles as well as pursuing compensation and claims.

Staff levels across the year increased as headcount rose from 713 to 747. And following a refinancing in late 2025, the group negotiated a £95m loan with PGIM and Nomura to fuel growth.

Writing in the accounts, CEO Chris Birkett said: “During the year, we have not seen a major change in repair and hire markets; with the exception of inflationary increases in vehicle rental cost across all models and slightly lower lead times versus last year’s levels.”

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He added: “Although the economic environment remains uncertain, with the wars in Ukraine, Gaza and Iran and interest rates at 3.75%, the directors remain of the opinion that the group is in a strong financial position to face the challenges ahead, including those arising from an industry where many competitors are in turmoil given recent legislative and macro changes, while keeping significant growth rates.”

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KYN: A Raised Distribution At A 14% Discount

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TYG: This Aptly Named Fund Can Be Safely Avoided

KYN: A Raised Distribution At A 14% Discount

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The Goldman Sachs Group, Inc. 2026 Q2 – Results – Earnings Call Presentation (NYSE:GS) 2026-07-14

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Nexira acquires Keragum

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Nexira acquires Keragum

Keragum is a Morocco-based company specializing in carob derived ingredients.

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Billionaire Warren Buffett stops donations to Bill Gates charity

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A woman with dark hair pulled back from her face points to a plaster on her arm

Billionaire investor Warren Buffett has stopped giving donations to Bill Gates’ charitable foundation weeks after the Microsoft co-founder detailed his links to the dead sex offender Jeffrey Epstein.

Buffett “irrevocably” committed in 2006 to donate shares in his firm, Berkshire Hathaway, each year to the Bill and Melinda Gates Foundation as it was then known “throughout my lifetime”.

But on Thursday, the Gates Foundation was left off the list of firms that will receive billions of dollars worth of stock.

The stock will instead be split between four foundations involving members of the Buffett family. The 95-year-old said he will dispose of his remaining stock over the next eight years.

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“Of course, mortality is unpredictable,” said Buffett. “But my remaining shares will be donated to the four foundations one way or the other by 31 December, 2034.”

Gates’ association with Epstein was revealed when the US Department of Justice released files in January.

Buffett did not mention Gates or Epstein by name in his statement regarding his donations.

But in March, he told CNBC, external that he had not spoken to Gates “since the whole thing was unveiled”.

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He added: “I don’t want to be in a position where I know things… to be called as a witness.”

The Gates Foundation has been contacted for comment.

In June, Gates appeared before the US House Oversight Committee to answer questions about his relationship with Epstein, who died in a New York prison in 2019 while awaiting trial on sex trafficking charges.

In a transcript of his testimony, Gates said that he had been introduced to Epstein in 2011 on the premise that he could raise billions of dollars for global health – a key focus of the foundation.

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“I recall being aware that Epstein had faced prior legal issues, but I did not fully understand the extent of the crimes he committed,” Gates said.

Three years earlier, Epstein had pleaded guilty to soliciting a minor for prostitution and procuring a person under age 18 for prostitution.

Gates told the committee: “I should never have met with Epstein in the first place. Based on what I know now, I understand that even if he had delivered the donors he promised, it would not have justified associating with him.”

Buffett was an enthusiastic supporter of the Bill and Melinda Gates Foundation, stating in 2006 he “greatly” admired what it was accomplishing and promised to make yearly donations.

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In 2010, Bill and Melinda Gates and Buffett started the Giving Pledge, which aimed to get extraordinarily wealthy people to give away the majority of their fortune during their lifetime or in their will.

Bill and Melinda Gates divorced in 2021 after 27 years of marriage.

Melinda French Gates resigned in 2024 from the foundation she co-founded and said that she would donate $1bn to help women’s rights in the US.

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American States Water stock hits 52-week high at 85.63 USD

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American States Water stock hits 52-week high at 85.63 USD

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