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SBA refers $22 billion in suspected pandemic loan fraud to Treasury

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SBA refers $22 billion in suspected pandemic loan fraud to Treasury

FIRST ON FOX – The U.S. Small Business Association referred 562,000 suspected fraudulent loans totaling over $22.2 billion to the U.S. Department of Treasury for collections, the SBA said in a Friday statement. 

“From Day One, the Trump SBA has worked tirelessly to crack down on billions in pandemic-era fraud that the Biden Administration forgave or ignored,” SBA Administrator Kelly Loeffler told Fox News Digital in a statement. 

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The loans, largely stemming from the Paycheck Protection Program (PPP) and the COVID Economic Injury Disaster loan program, were flagged for suspected fraud during former President Joe Biden’s administration but never sent to Treasury for collections, the SBA said in its statement. 

The SBA accused former President Joe Biden of deliberately protecting suspected fraudsters by refusing to refer them to Treasury.

“For years, the Biden Administration shielded these borrowers from debt collectors as part of a de facto amnesty scheme – but today, they will finally face accountability. The SBA is deeply grateful to the U.S. Department of the Treasury for its partnership in this historic action, and we look forward to continued collaboration as we work to claw back stolen taxpayer dollars and hold fraudsters accountable,” Loeffler said.

Kelly Loeffler and Scott Bessent

Kelly Loeffler, administrator of the US Small Business Administration (SBA), left, and Scott Bessent, US treasury secretary, during a news conference in the James S. Brady Press Briefing Room of the White House in Washington, DC, US, on Wednesday, Ap (Shawn Thew/EPA/Bloomberg via Getty Images / Getty Images)

In addition to referring the loans to Treasury, the SBA has also referred the borrowers to the U.S. Department of Justice. 

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The SBA is legally required to refer delinquent debts to Treasury but, according to the SBA announcement, none of the 560,000 borrowers had been compelled to repay the $22.2 billion they owed and less than 1,000 were facing investigations from the SBA’s Office of Inspector General. 

“Over $22 billion. We mean business. If you commit fraud, we will find you,” a senior White House official told Fox News Digital.

FEDS MISTAKENLY GAVE AWAY $692M IN DUPLICATE PPP LOANS

The effort to refer the loans and seek repayment from the borrowers is being led by the White House Task Force to Eliminate Fraud, which is helmed by Vice President JD Vance and Federal Trade Commission Chair Andrew Ferguson. 

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“Finding and going after these billions of dollars was only possible with the task force’s whole of government effort. The Vice President is proud of the several milestones the task force has already achieved, and it’s only the beginning,” a spokesperson for Vance told Fox News Digital.

The sweeping fraud referrals are part of a broader anti-graft push overseen by Vance and his task force. In conjunction with the task force, the SBA is now pinpointing a wide swath of potential pandemic loan fraud.

Vice President JD Vance

U.S. Vice President JD Vance (C) speaks during a Fraud Task Force meeting in the Indian Treaty Room at the White House on March 27, 2026, in Washington, DC. Vice President JD Vance held the Fraud Task Force Meeting with aims to reduce federal spendin (Heather Diehl/Getty Images / Getty Images)

LOEFFLER TARGETS $50B SBA PROGRAM THAT HAS ‘NEVER BEEN LOOKED AT,’ BANS 112K-PLUS COVID LOAN FRAUDSTERS

“Research findings show over 1,000,000 suspicious Paycheck Protection Program (PPP) loans,” Vance wrote in a memo on the first day of his task force.

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The administration estimates that of the $1.2 trillion in PPP and EIDL loans the SBA approved between 2020-2021, at least $200 billion is fraudulent, the agency wrote in its Friday memo.

Anti-fraud task force

The task force, led by Vice President JD Vance, is seeking to target federal benefits fraud, intensifying the administration’s oversight of federal funds in Democratic-led states. (Shawn Thew/EPA/Bloomberg via Getty Images / Getty Images)

The SBA has launched new measures to crack down on fraud, including citizenship and birthdate verifications and a state-by-state investigation into fraudsters, according to an early April memo

The agency has already suspended nearly 112,000 borrowers suspected of obtaining fraudulent loans in California and Minnesota.

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Fox News Digital contacted the Department of the Treasury, the Small Business Association, and the Federal Trade Commission for comment but did not immediately receive a response. 

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How Consumer Habits Are Forcing the UK Entertainment Sector to Innovate

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The Digital Shift: How Consumer Habits Are Forcing the UK Entertainment Sector to Innovate

British consumers have stopped being patient. The average UK adult now abandons a mobile app that takes longer than three seconds to load, watches streaming content across four separate subscriptions, and expects a customer service response within the hour rather than the working day.

The cumulative effect on the entertainment sector has been the most significant behavioural shift since the arrival of broadband, and operators across every vertical — from cinemas to casinos, from Spotify to Sky — have spent the past five years rebuilding their businesses around a consumer who will churn for five pence of friction.

According to Ofcom’s Online Nation research, UK adults now spend close to four hours a day online, the majority of it on mobile devices, with attention fragmented across a growing catalogue of competing services. The strategic lesson underneath this pattern is not really about technology. It is about retention economics, and it applies well beyond entertainment. Any UK business competing for discretionary consumer spend — a point explored in our ongoing coverage of UK consumer behaviour trends — is operating in the same environment, facing the same expectations, and learning the same lessons the hard way.

The retention calculus has inverted

The Digital Shift: How Consumer Habits Are Forcing the UK Entertainment Sector to Innovate

For most of the twentieth century, consumer businesses grew by acquiring new customers. Retention mattered, but it was a secondary metric. The assumption was that a reasonable product and a competent experience would keep most customers in place, and marketing spend was directed at the top of the funnel.

The digital shift inverted this. Customer acquisition costs across UK consumer categories have risen sharply, driven by Meta and Google ad inflation, data protection constraints that have narrowed targeting precision, and market saturation in most verticals. At the same time, switching costs for consumers have collapsed — comparison tools, portable accounts, and one-tap sign-ups mean that leaving one provider for another is now a three-minute decision rather than a three-week one.

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The commercial consequence is that retention is now the primary growth lever in most UK entertainment businesses. The streaming cohort — Netflix, Disney+, Spotify, DAZN, Sky — spend materially more on product and personalisation than on acquisition marketing. Licensed UK gambling operators, arguably the sector under the heaviest retention pressure given that regulation continuously reduces their acquisition toolkit, have quietly become some of the most sophisticated customer-experience engineers in the British consumer economy. Independent review sites evaluating the best online roulette UK platforms publish detailed breakdowns of how these operators structure onboarding, retention mechanics, and responsible-play architecture — and the patterns on display are the result of a decade of forced innovation under regulatory pressure no other UK consumer sector has yet faced.

What high-retention entertainment businesses are doing differently

The Digital Shift: How Consumer Habits Are Forcing the UK Entertainment Sector to Innovate

Three patterns recur across the most successful UK operators, regardless of vertical.

First, they have moved decisively to mobile-first product design. This is more than responsive layouts. It means rebuilding core flows — registration, payment, content discovery, support — around the reality that the majority of sessions now originate on a handset, often in short bursts of attention during commutes, breaks, or the half-hour between putting children to bed and falling asleep. Products designed for a desktop user with uninterrupted time fail silently in this environment. The operators winning are those who have redesigned their funnels assuming the user has forty seconds, one thumb, and an imperfect 4G signal.

Second, they have invested heavily in personalisation infrastructure. The old model — segment the audience into five or six personas and serve each a different homepage — is dead. Modern personalisation operates at the individual session level, adjusting content surfacing, messaging tone, promotional offers, and even interface complexity based on behavioural signals gathered in real time. Spotify’s weekly playlists, Netflix’s thumbnail variations, and the dynamic landing pages used by leading gambling operators are all manifestations of the same underlying investment in behavioural data infrastructure.

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Third, they have shortened the feedback loop between product and commercial teams. Traditional consumer businesses release product updates quarterly and measure success in pooled cohort data. The high-retention operators run continuous experimentation programmes, A/B testing hundreds of changes per month with commercial KPIs visible to product teams in near-real time. The strategic effect is that product decisions stop being bets and start being iterations.

Regulation is not the enemy of retention

The shift above has happened simultaneously with a regulatory environment that has become substantially more demanding across UK consumer sectors. Financial services has the FCA’s Consumer Duty. Online platforms have the Online Safety Act. Gambling has a continuously tightening regime under the Gambling Commission’s LCCP framework. Food delivery faces evolving gig-economy rules. Even retail is navigating expanded product safety, digital markets, and advertising standards obligations.

The operators coping best with this compression have learned a counterintuitive lesson. Regulation is not the enemy of retention, and in some cases improves it. A customer who trusts the operator to handle their data well, flag risks honestly, and resolve complaints quickly is a customer who stays. The regulatory frameworks force the kind of customer-centric behaviours that sophisticated retention teams were trying to instil anyway. The businesses struggling are those that treated compliance as a cost centre rather than a product investment, and now find themselves retrofitting trust into a product architecture built for extraction.

This is particularly visible in gambling, where the regulatory envelope has tightened every year since 2020 — advertising restrictions, feature bans on auto-spin and turbo play, deposit thresholds triggering affordability checks, and a broader cultural expectation of demonstrable consumer care. Operators who responded by rebuilding their product around responsible engagement rather than maximised session length have retained customer bases that their more aggressive competitors have bled.

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Live engagement as the new differentiator

The newest competitive frontier across UK entertainment is live, interactive content — and the strategic reasoning behind it is worth understanding even for businesses that will never livestream anything.

Passive content is increasingly commoditised. Every major streaming service has roughly the same library of prestige drama. Every bookmaker has roughly the same Premier League markets. Every music service has roughly the same fifty million tracks. Differentiating on catalogue is almost impossible at scale, and pricing power collapses accordingly.

Live, interactive engagement breaks this parity. A live dealer roulette table, a Peloton class with a real instructor, a Twitch stream with chat, a live podcast recording with audience questions — these experiences cannot be commoditised because each one is genuinely unique, time-bounded, and shared with other participants. The product becomes the moment, not the content, and the moment cannot be replicated by a competitor the following Tuesday.

The implications generalise. Any UK consumer business whose product could plausibly be delivered as a live or interactive experience should be investigating that option, because the retention premium on live engagement consistently exceeds the cost of producing it. Retail has learned this through shoppable livestreams. Fitness has learned it through class formats. Entertainment, broadly defined, is the next category where this lesson will compound.

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The lesson for the broader UK economy

The UK entertainment sector is, in one respect, a preview of what every consumer-facing UK business will face within three to five years. The same acquisition cost pressure, the same mobile-first expectations, the same personalisation arms race, the same regulatory compression, and the same shift toward live and interactive formats will reach retail, financial services, hospitality, professional services, and beyond. The sectors that adapt earliest will retain margin. The sectors that treat the shift as a temporary disruption will lose it.

The strategic insight is simple and uncomfortable. The British consumer is not becoming more demanding because consumers have changed — the underlying psychology is the same as it ever was. They are becoming more demanding because the operators who set the benchmark in their daily digital lives have raised it to a level that other sectors will be measured against whether they like it or not. A utility company is now being compared, implicitly, to Monzo. A law firm is being compared to Gumtree. A specialist retailer is being compared to Amazon.

The entertainment sector got here first because the pressure hit first. The rest of the UK economy is catching up to the same conversation, and the operators watching closely are the ones who will survive it.

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Traders bet on calendar spread as Nifty moves in a tight range

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MUMBAI: A trading combination involving Nifty options is gaining prominence among savvy trading desks of institutional investors. The strategy, known as calendar spread, where traders simultaneously sell options contracts in the current month and purchase in the next month, is being recommended by brokers to institutional clients, who see sharp moves in Nifty options’ implied volatility — a key component of options pricing — in September.

“There is scope for money to be made by selling current month vols (implied volatility) and buying September vols,” said Girish Patil, manager-derivatives, Antique Stockbroking. In this spread strategy, traders use the premium they receive by selling the current series to part-finance the cost of buying options in the next month. “With only a few more days for the August series expiry, vols are unlikely to jump in this series,” Patil said.

Futures and options contracts for the August series will expire on 26th while the September series will expire on 30th next month.

Options sellers, who pocket the premium from the buyer, prefer fewer trading days in a trading month because of time value — another key aspect of options pricing. Time value of options decays closer to expiry of contracts, resulting in limited movements in options prices.

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Selling Nifty 5500 calls options in the August series and buying the same contract in the September series is a good strategy in this kind of a market, said Shailesh Kadam, AVP-derivatives, PINC Research.


“This strategy bets that the Nifty will be range-bound and will not move above 5500 in the August series, while the undertone is positive next month,” Kadam said.
In the past one month, the Nifty has largely moved in a tight band between 5350 and 5450, resulting in the volatility index — a measure of traders’ expectations of near-term risks in the market — moving in the 15-20% band, the lowest range since January 2008. This indicates traders are comfortable about the market levels in the near-term.

Brokers said that options traders have struggled to make money, of late, in the absence of sharp index movements. “Vol buyers (buyers of options) have lost their money, while sellers don’t have the courage to sell vols at such low levels,” said the head of derivatives at an institutional broking house. “So, unless there is a sharp move, calendar spread appears to be the best strategy,” he said.

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Sigma Foods, S.A.B. de C.V. (ALFFF) Q1 2026 Earnings Call Transcript

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

Sigma Foods, S.A.B. de C.V. (ALFFF) Q1 2026 Earnings Call April 24, 2026 11:30 AM EDT

Company Participants

Hernan Lozano – Vice-President of Investor Relations
Rodrigo Martinez – Chief Executive Officer
Roberto Olivares – Chief Financial Officer

Conference Call Participants

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Fernando Olvera Espinosa de los Monteros – BofA Securities, Research Division
Enrique Maguero
Fernando Froylan Mendez Solther – JPMorgan Chase & Co, Research Division
Ulin Sarawate
Felipe Ucros Nunez – Scotiabank Global Banking and Markets, Research Division

Presentation

Operator

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Good morning, and welcome to the Sigma Foods First Quarter 2026 Earnings Conference Call. [Operator Instructions] As a reminder, today’s call is being recorded. A replay will be available on Sigma Foods Investor Relations website later today. I will now turn the call over to Hernan Lozano, Sigma Foods IRO.

Hernan Lozano
Vice-President of Investor Relations

Thank you, operator, and good morning to everyone joining us today. Further details regarding our first quarter results can be found in our press release and earnings presentation that were distributed yesterday. Both documents are available in the Investor Relations section of our website. Before we begin, please note that today’s discussion will include forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results may differ materially. Sigma Foods undertakes no obligation to update these statements.

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It is my pleasure to participate in today’s call together with Rodrigo Fernandez, Chief Executive Officer; and Roberto Olivares, Chief Financial Officer. Our agenda today is straightforward. Rodrigo will begin with a strategic and operational overview of the quarter. Roberto will then review our financial performance in more detail, and we will conclude with a Q&A session.

With that, I’ll turn the call over to Rodrigo.

Rodrigo Martinez
Chief Executive Officer

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Thank you, Hernan, and good morning, everyone.

2026 started on a strong

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Nebius Q1 Preview: The Market Is Saying This Is An Outlier Among Outliers

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Nebius Q1 Preview: The Market Is Saying This Is An Outlier Among Outliers

Nebius Q1 Preview: The Market Is Saying This Is An Outlier Among Outliers

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Inside Floors To Your Home with Dan Kahn

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Inside Floors To Your Home with Dan Kahn

Dan Kahn is the President and Co-Owner of Floors To Your Home, a four-generation family business founded in 1921. Based in Indianapolis, the company has built a reputation over more than 100 years for combining strong buying discipline with consistent customer service.

Kahn grew up around the business and stepped into leadership in 1986 alongside his brother, Marshall. Since then, he has helped guide the company through major changes in the retail and ecommerce landscape while staying rooted in its original values.

“My company was founded on the highest ethical principles by my grandfather,” Kahn says. “We’ve kept those strong traditions of honesty and excellence in customer service in place for future generations.”

One of Kahn’s key contributions has been reinforcing a warehouse-first business model. Rather than relying on third-party suppliers, the company owns and stores the majority of its inventory. This allows for faster shipping and more direct control over the customer experience.

“We own and warehouse 99% of all the products you see displayed on our website,” he explains.

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Kahn has also leaned into large-scale closeout buying. By purchasing discontinued and overstock flooring in bulk, the company has created a system that operates differently from many traditional retailers.

His leadership reflects a practical approach to growth. Focus on what works. Improve operations over time. Stay consistent.

Today, Floors To Your Home continues to evolve under his guidance, with the fourth generation now involved in the business.

A Conversation with Dan Kahn of Floors To Your Home

Q: You come from a long line of business owners. How did that shape your career?

I grew up around the business, so I saw how it worked from an early age. My grandfather founded the company in 1921. After he passed in 1948, my father took over and ran it until 1986. Then my brother and I stepped in.

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You learn a lot just by being around it. You see how decisions are made. You see how customers are treated. That stays with you.

“My company was founded on the highest ethical principles by my grandfather,” Kahn says. “We’ve kept those strong traditions in place.”

Q: What were the biggest changes when you took over in 1986?

Retail was already starting to shift. Bigger chains were growing. Competition was increasing. We had to think carefully about how we would stay relevant.

We didn’t try to compete on everything. We focused on what we could do well.

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That meant buying smart and building strong relationships with suppliers.

Q: One of your key strategies is buying closeout flooring. How did that come about?

It developed over time. We saw opportunities in discontinued and overstock products. Manufacturers and large retailers often need to move inventory quickly.

“Are you familiar with clothing or shoe outlet stores?” Kahn says. “We are just like those outlet stores, but we sell flooring.”

Once we leaned into that model, it became a core part of the business.

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Q: You also chose to warehouse most of your inventory. Why was that important?

Control. That’s the main reason.

A lot of companies don’t actually own what they sell. They list products and then order them from someone else after the customer buys.

“We own and warehouse 99% of all the products you see displayed on our website,” Kahn says.

That gives us more control over shipping, accuracy, and communication.

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Q: What impact does that have on the customer experience?

It reduces uncertainty.

If you own the product, you know exactly what you have. You know when it will ship. You can check it before it goes out.

“We double and triple check before any flooring is shipped out,” Kahn says. “We will personally call you to let you know that your flooring has shipped.”

It’s about making the process clearer for the customer.

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Q: Flooring is a major purchase. How do you help customers feel confident buying online?

We try to give them as much information as possible.

We photograph and scan all our products ourselves. We also encourage customers to order samples.

“Nothing compares to holding a piece of the actual flooring in your home,” Kahn says.

It helps them make a more informed decision.

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Q: Your inventory is always changing. How do you manage that?

That’s part of the business. When you’re dealing with closeouts, you can’t always restock the same product.

“With many of our offers, once we run out we may never get to bring them back in,” Kahn says.

We focus on keeping a strong range of options available and bringing in new inventory regularly.

Q: What has leadership meant to you over the years?

It’s about consistency.

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You don’t need to reinvent everything. You need to understand what works and build on it.

We’ve stayed focused on buying well, serving customers, and running the business responsibly.

Q: What do you think has helped the business last for over 100 years?

A long-term mindset.

We’re not just thinking about today. We’re thinking about the next generation.

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“Our flooring experts have years of experience,” Kahn says. “They can help you pick the right floor for the right environment.”

That kind of knowledge and service builds trust over time.

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Protein demand helping to offset dairy cost pressures

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Protein demand helping to offset dairy cost pressures

Dairy executives optimistic despite shrinking margins.

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SBI shares on gaining spree; hit record high

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In the past two days, the scrip recorded a gain of over 9 per cent on the BSE, making its investors richer by a whopping Rs 15,000 crore.

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Business Roundtable to lead corporate engagement at G20

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Business Roundtable to lead corporate engagement at G20

FIRST ON FOX: The White House is tapping the Business Roundtable to lead corporate engagement during the United States’ upcoming G20 host year, marking a shift away from the traditional Business 20 framework historically organized by the U.S. Chamber of Commerce.

Administration officials say the decision is aimed at streamlining business participation and aligning it more closely with the Trump administration’s economic priorities, including deregulation, energy expansion and innovation-driven growth.

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In a statement, White House spokesperson Olivia Wales told FOX the Business Roundtable, comprised of leading U.S. CEOs, would play a central role in advancing a pro-growth agenda during the G20 cycle.

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G20 in South Africa.

South African President Cyril Ramaphosa (R) chairs a meeting as heads of state and government met on the second day of the G20 Leaders’ Summit on Nov. 23, 2025, in Johannesburg, South Africa. (Per-Anders Pettersson/Getty Images)

“Business Roundtable, led by top U.S. CEOs, is the right choice to champion business engagement during the United States’ G20 year,” Wales said, pointing to what the administration views as a successful economic model built on trade deals, expanded domestic energy production and private-sector job creation.

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“The president’s tried-and-true policies are a model for the entire world, and the United States looks forward to discussing how other countries can replicate this success,” she added.

Under the new structure, the Business Roundtable will host a major CEO-focused event at Trump National Doral on Dec. 12, just ahead of the G20 Leaders’ Summit scheduled for Dec. 14 and 15.

Trump National Doral sign outside resort

A sign reading Trump National Doral is seen on the grounds of the golf course owned by Donald Trump. (Joe Raedle/Getty Images)

The gathering is expected to include more than 120 Business Roundtable member CEOs, along with at least one chief executive from each G20 economy and invited guest nations. Discussions will center on key themes such as growth through deregulation, energy dominance and innovation.

Additional business engagement events are planned throughout the year, including sessions tied to Business Roundtable board meetings in Washington, D.C., as well as programming alongside the G20 Finance Ministers’ meeting in Asheville, North Carolina, with Treasury Secretary Scott Bessent.

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The move effectively sidelines the B20 process, which has traditionally served as the primary vehicle for business input into G20 deliberations.

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The B20 changes hands, led by business groups in the host country as the meeting moves around among G20 members. 

Administration officials described the existing structure as “cumbersome” and “bureaucratic,” arguing the result was unproductive.

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Former President, Donald Trump speaks at II Toro E La Capra on Aug. 23, 2024, in Las Vegas, Nevada.

Trump administration officials described the existing structure as “cumbersome” and “bureaucratic.” (Photo by Ian Maule/Getty Images)

Chamber officials tell FOX Business they agree. The B20 will still be held in a revamped format in the U.S. this year.

Jessica Boulanger, the chamber’s senior vice president and head of communications and public affairs, said in a statement to FOX Business that the organization is working to host a “B20 unlike any other.”

“We’re working with top government and business leaders to hold B20 USA in November with dialogue that will be focused on a ‘back to basics’ agenda consistent with the Trump administration’s vision,” Boulanger said.

“We welcome the engagement of the BRT and other organizations to support pro-growth dialogue between government and business,” she added.

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A source familiar with the plans for the B20 told FOX Business that Ross Perot Jr. will be the chairman of this year’s conference. 

The move reflects a broader shift in how business voices are included in global economic discussions during the U.S. host year, giving top CEOs a more direct role and aligning their input more closely with the administration’s priorities.

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SLB N.V. (SLB) Q1 2026 Earnings Call Transcript

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

Q1: 2026-04-24 Earnings Summary

EPS of $0.52 beats by $0.00

 | Revenue of $8.72B (2.72% Y/Y) beats by $64.04M

SLB N.V. (SLB) Q1 2026 Earnings Call April 24, 2026 11:00 AM EDT

Company Participants

James McDonald – Senior Vice President of Investor Relations & Industry Affairs
Olivier Le Peuch – CEO & Director
Stephane Biguet – Executive VP & CFO

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Conference Call Participants

John Anderson – Barclays Bank PLC, Research Division
James West – Melius Research LLC
Stephen Richardson – Evercore ISI Institutional Equities, Research Division
Arun Jayaram – JPMorgan Chase & Co, Research Division
Scott Gruber – Citigroup Inc., Research Division
Sebastian Erskine – Rothschild & Co Redburn, Research Division
Marc Bianchi – TD Cowen, Research Division
Neil Mehta – Goldman Sachs Group, Inc., Research Division

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Presentation

Operator

Good morning. My name is Megan, and I will be your conference operator today, and I would like to welcome everyone to the First Quarter SLB Earnings Call. [Operator Instructions]. As a reminder, this call is being recorded. I will now turn the call over to James R. McDonald, Senior Vice President of Investor Relations and Industry Affairs. Please go ahead.

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James McDonald
Senior Vice President of Investor Relations & Industry Affairs

Thank you, Megan. Good morning, and welcome to the SLB First Quarter 2026 Earnings Conference Call. Today’s call is being hosted from Houston, following our Board meeting held earlier this week in Midland, Texas. Joining us on the call are Olivier Le Peuch, Chief Executive Officer; and Stephane Biguet, Chief Financial Officer.

Before we begin, I would like to remind all participants that some of the statements we’ll be making today are forward-looking. These matters involve risks and uncertainties that could cause our results to differ materially from those projected in these statements. For more information, please refer to our latest 10-K filing and other SEC filings, which can be found on our website.

Our comments today also include non-GAAP financial measures. Additional details and reconciliations

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Frozen One raises $2 million in seed funding

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Frozen One raises $2 million in seed funding

High-protein ice cream startup launching into 1,464 Target locations. 

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