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Trump Expands TrumpRx Program Offering Discounts on More Than 800 Medications

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TrumpRx Launches: President Trump Unveils Discounted Drugs Website

President Donald Trump announced Friday an expansion of the TrumpRx.gov program, adding 160 more prescription drugs and bringing the total number of discounted medications available to more than 800.

The initiative, launched earlier this year, aims to provide cash-paying consumers with transparent pricing and savings on commonly used drugs by bypassing traditional insurance middlemen. Trump highlighted the expansion in a Truth Social post, stating it now covers four out of five prescriptions filled by Americans.

“I am pleased to announce that TrumpRx.gov is adding another 160 Prescription Drugs, at highly discounted prices, for a new total of over 800 of the most commonly-used Prescription Drugs,” Trump wrote. “TrumpRx.gov will now provide clear, transparent, and DISCOUNTED offerings for FOUR OUT OF FIVE of every prescription filled by Americans.”

The program builds on agreements with major pharmaceutical companies under a “most-favored-nation” pricing approach. Participating drugmakers received certain tariff exemptions in exchange for lowering prices on selected medications and extending discounts to eligible consumers. Companies including Eli Lilly and Novo Nordisk have joined, offering reductions on popular GLP-1 weight-loss and diabetes treatments.

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Discounted medications now include inhalers, HIV treatments, diabetes drugs, fertility medications and a wide range of generics. The website allows users to search for specific drugs, view estimated savings compared to insurance co-pays and generate coupons redeemable at participating pharmacies or directly through manufacturers.

Trump credited the program with already delivering significant savings. “These Most Favored Nations Deals have already, in fact, saved American Patients over 400 Million Dollars since the launch of TrumpRx.gov,” he said. He tied the success to broader trade policies, noting tariffs helped secure favorable terms.

The initiative reflects ongoing efforts to address high prescription drug costs in the United States, where prices for many medications exceed those in other developed countries. Trump positioned the expansion as a continuation of first-term achievements while pursuing more aggressive reductions.

“I was proud to make History during my First Term when we lowered Drug Prices, even if by a tiny percentage, because this amounted to a HUGE change compared to other presidents only raising Drug Prices, endlessly and significantly, every year,” Trump wrote. “Then, during my Second Term, I decided to go BIG with Most Favored Nations Pricing.”

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Administration officials, including Centers for Medicare and Medicaid Services Administrator Dr. Mehmet Oz, have encouraged Americans to compare prices on TrumpRx.gov before filling prescriptions. The platform integrates data from partners such as Amazon Pharmacy, Mark Cuban’s Cost Plus Drugs and GoodRx, providing multiple options for cash-paying patients.

The program targets uninsured individuals or those whose insurance co-pays exceed available cash prices. Users must typically pay out-of-pocket and forgo insurance reimbursement for the discounted medications. This approach aims to increase price transparency and competition in the pharmaceutical market.

Critics have questioned the scale of impact, noting that while the program covers hundreds of drugs, it represents a fraction of the thousands of FDA-approved medications. Some independent analyses suggest overlapping discounts with existing platforms, though the administration maintains the most-favored-nation deals deliver unique savings on key treatments.

Supporters highlight specific examples, such as substantial reductions on weight-loss medications like Ozempic, dropping from over $1,000 to around $200 monthly in some cases. The program also covers chronic condition treatments that impose heavy burdens on patients.

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The expansion comes amid broader health care policy discussions. Trump has directed the administration to pursue additional partnerships and deals to further lower prices. Officials continue negotiating with more drugmakers to expand the catalog.

Pharmaceutical industry reactions have been mixed. Participating companies point to increased volume from cash buyers offsetting lower per-unit prices, while others express concerns about tariff linkages and long-term pricing pressures. Patient advocacy groups welcome any relief on costs but call for more comprehensive reforms addressing insurance and generic access.

TrumpRx.gov launched in February 2026 with an initial set of brand-name drugs. The May addition of hundreds of generics marked a significant broadening, followed by this latest update. The site has seen growing traffic as awareness spreads through administration promotions and word-of-mouth savings reports.

Health policy experts note the program’s focus on cash prices fills a gap for the uninsured and underinsured but does not directly lower costs within insurance plans. Its success depends on consumer adoption and continued manufacturer participation.

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The initiative ties into larger administration goals of reducing overall health care spending through competition and international price benchmarking. Trump has repeatedly emphasized that Americans should not pay more than citizens in other nations for the same drugs.

As the program grows, questions remain about sustainability and potential effects on innovation and drug development. Proponents argue that volume increases and efficiency gains can balance lower margins, while skeptics worry about supply chain impacts or reduced research investment.

For consumers, the practical benefit lies in easy access to price comparisons. A quick search on TrumpRx.gov can reveal options that beat insurance co-pays, potentially saving hundreds or thousands annually for those managing chronic conditions.

The White House continues promoting the site through public events and digital campaigns. With midterm considerations and ongoing health care debates, the expansion serves as a tangible deliverable on promises to tackle drug prices head-on.

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Looking ahead, further additions to the program are expected as more deals materialize. Administration officials have signaled openness to expanding eligibility and integrating additional pharmacy partners. The goal remains providing meaningful relief to American patients facing high out-of-pocket costs.

TrumpRx represents one piece of a multifaceted approach to pharmaceutical pricing. Combined with other policy tools, it aims to shift dynamics in a market long criticized for opacity and high costs. As usage data accumulates, its real-world impact will become clearer.

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Drax boosts dividends despite drop in earnings

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The energy firm pointed to the potential transformative acquisition of Bluefield Solar Income Fund and investments in new technologies

Drax Power Station

Drax Power Station(Image: Getty Images)

First half profits have slumped at energy producer Drax which has boosted its interim dividend.

The operator of the Selby power plant saw adjusted ebitda fall from £460m in the first half of 2025 to £279m in the same period this year, as operating profit fell from £301m to £265m. Drax told investors on the London Stock Exchange the numbers reflected a good performance across its portfolio which is due to grow with the proposed acquisition of the Bluefield Solar Income Fund (BSIF).

Bosses said that move – together with investment in battery energy storage and open cycle gas turbine technology – could be transformative for the group, increasing its generation capacity by about 85% compared to 2025. The Bluefield deal will also bring new solar and wind generation to the business.

Drax said that it had delivered about 6% OF UK power over the six months and 10% of UK renewables in that time. And it pointed to progress upgrading its equipment at Cruachan Power Station.

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Despite the fall in earnings, Drax increased its interim dividend to 12.9p per share, up from 11.6p in the first half of 2025. It also expects to boost its full year interim dividend by 11% to 32.2p.

Will Gardiner. Drax Group CEO, said: “Drax has delivered a good performance in the first half. Our colleagues and supply chain partners have been working hard to help keep the lights on for millions of UK households and businesses through a period of acute geopolitical uncertainty and challenging weather.

“We are at a key moment in Drax’s transition, investing to create a larger and broader portfolio with more MWs under management that can provide more power to the country when needed. Over the years we have grown the business from a single-site biomass generator to a multi-site portfolio operating a broader range of generation technologies. Critically, through our growth plans for batteries, OCGTs and our Selby site, we are driving economic growth across the country, in alignment with the policy priorities of the UK Government.

“We are also actively developing options for more renewables, including the proposed acquisition of Bluefield Solar Income Fund, and our trading and optimisation platform. Taken together we believe that these actions can support energy security and will increase the Group’s generation capacity by around 85% compared to 2025.

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“As a result, we expect to increase our earnings, deliver value for our stakeholders, support growth and attractive returns for shareholders.”

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Bank of England holds interest rates but warns of rises to come

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Policymakers have warned that ‘strategy could change’ ahead of a difficult second half of the year

A view of the Bank of England

A view of the Bank of England (Image: PA Archive/PA Images)

The Bank of England has chosen to keep interest rates at 3.75 per cent following better-than-expected UK inflation figures – though policymakers cautioned that “policy strategy could change” amid concerns over a challenging second half of the year for price stability.

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The Monetary Policy Committee (MPC) maintained interest rates in a split 6-3 vote on Thursday, with economist Catherine Mann joining fellow external member Megan Greene and the Bank’s chief economist Huw Pill in backing a 25 basis point increase.

Officials stated that recent figures showing inflation had dropped to 2.6 per cent provided the Bank with some breathing space and enabled the MPC to maintain its current monetary policy stance.

Minutes from the MPC’s most recent meeting on setting interest rates indicated that those voting to hold rates steady believed “policy strategy could change” should inflation rise beyond projections due to renewed escalation of conflict across the Middle East.

The Bank projects inflation to hover around 3.2 per cent in early 2027 before returning to the target rate by year’s end, as reported by City AM.

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Rate-setters cautioned that fresh trade disruption across the Gulf region could maintain elevated energy prices for an extended period, driving up inflation and prompting workers to negotiate higher wages.

Disruptions at oil and gas refineries across the globe, difficulties emerging among key suppliers due to heatwaves, and shortages in AI hardware could all compound the risks facing the UK’s inflation outlook, it was added.

The Bank’s decision to maintain interest rates is consistent with market expectations, though some City banks had anticipated only two members of the nine-person committee would back a rise.

Mann cited the breakdown in relations between the US and Iran as the key factor behind her decision, following a ceasefire agreement to the Iran war last month.

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Governor Andrew Bailey, who described it as “too early” to conclude that the UK was heading towards a prolonged period of high inflation, said his focus remained on bringing consumer prices back to a stable growth rate of two per cent, in line with the Bank’s mandated target.

“Inflation has fallen faster than we’d expected, but the conflict in the Middle East continues to mean high and volatile energy prices,” Bailey said. “That will cause inflation to rise again later this year.

“However the conflict unfolds, our job is to make sure any increase in inflation is temporary.”

The Bank raised concerns over so-called “second-round effects”, whereby rising inflation and wage growth spiral out of control. Under a central scenario in which oil prices stabilise at around $70 per barrel, these effects may contribute only approximately 0.2 percentage points to consumer price index (CPI) inflation.

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Employers are expected to finalise pay settlements with staff at the start of next year, around the point at which inflation is forecast to reach its peak.

In a separate, more “adverse” scenario, should oil prices climb back to $100 per barrel and retreat more gradually, inflation would peak at 4.5 per cent.

Officials indicated that the MPC would likely choose to raise interest rates under such circumstances. Back in April, one projection suggested there would be six interest rate hikes should oil prices remain around $130 per barrel.

However, rising yields on UK government bonds, reflecting an increase in market interest rates and driving up borrowing costs, had also helped to temper price growth in the UK. Bailey suggested that market curves “are weighing on any nascent inflation pressures”.

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The energy price shock stemming from the conflict in the Middle East is likewise not anticipated to significantly weigh on growth prospects.

Economic growth this year is forecast at 1.1 per cent, even under a more adverse scenario in which oil prices spike once more, while unemployment is projected to peak at approximately 5.3 per cent under the central judgement.

Nevertheless, underlying growth in the UK economy is expected to decelerate later this year as businesses struggled to build momentum.

The forecasts took into consideration Prime Minister Andy Burnham’s early policy announcements regarding the removal of VAT from energy bills and capping bus fares at £2, though these measures were expected to have only a modest impact on curbing price growth.

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Turning Big Ideas Into Real Results

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Turning Big Ideas Into Real Results

Most people see the finished project.

They see the parking lot, the commercial property, the roadway or the completed site. They see the result.

Alfred Patterson sees everything that came before it.

The planning. The equipment. The crews. The challenges. The countless decisions required to turn an idea into something real.

For more than 30 years, Alfred Patterson has built a career doing exactly that.

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Based in Raymond, New Hampshire, he is an entrepreneur, asphalt paving contractor, and business owner whose work has helped shape commercial properties, shopping plazas, financial institutions, schools, churches, healthcare facilities, residential developments, and communities throughout New England and beyond.

His success was never built on shortcuts.

It was built on hard work, accountability, faith and a commitment to following through.

“Success did not happen overnight,” Patterson says. “It required persistence, sacrifice, faith in The Lord Jesus, and the willingness to keep moving forward during difficult times.”

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Learning the Value of Hard Work Early

Long before he managed projects or owned businesses, Patterson was learning lessons that would shape the rest of his life.

Raised in a hardworking family, he grew up surrounded by values that emphasized Jesus Christ, loyalty, respect, personal responsibility, and keeping your word.

One of the most important influences was his father.

“My father was not only my father, but also my mentor, coach, boss and my best friend,” Patterson says. “Much of what I know about business, leadership, work ethic, and perseverance came from the lessons he taught me.”

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Those lessons were not delivered through speeches.

They were demonstrated through action.

Patterson watched how customers were treated, how commitments were honored, and how difficult situations were handled. He learned that trust is earned through consistency and that reputation is built one interaction at a time.

Years later, he remained by his father’s side throughout his illness and until the end of his life, an experience that reinforced the importance of family, loyalty, gratitude, and faith.

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Those principles continue to guide him today.

Building Experience From the Ground Up

Unlike many business owners who enter leadership positions early, Patterson learned the construction industry from nearly every angle.

Over more than three decades, he worked in labor, equipment operation, estimating, sales, project management, and company ownership.

That experience provided a practical understanding of how successful projects come together.

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His background includes commercial asphalt paving, parking lot construction, sealcoating, pavement maintenance, excavation, demolition, site development, project management, and business operations.

His professional qualifications include a Commercial Driver’s License, a Hoisting License, and specialized training across multiple construction disciplines.

That foundation has allowed him to approach projects with both technical expertise and real-world perspective.

“I strongly believe that learning never stops,” Patterson says. “Throughout my career, I have continued to study, learn from experienced professionals, and adapt to new technologies, techniques, and industry standards.”

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For Patterson, experience is not simply measured by years in business.

It is measured by a willingness to keep learning.

Turning Plans Into Results

Construction is often viewed as a physical industry.

Patterson sees it as a problem-solving industry.

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Every project begins with a challenge.

A property owner needs safer access.

A business needs improved infrastructure.

A site requires development.

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A parking lot has reached the end of its service life.

Someone has a vision that needs to become reality.

Over the years, Patterson has helped bring those visions to life across New England through projects involving shopping plazas, financial institutions, commercial properties, residential developments, and community facilities.

Each project comes with unique circumstances.

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Weather changes.

Schedules shift.

Site conditions evolve.

Unexpected challenges emerge.

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Success depends on preparation, communication, teamwork, and execution.

“Every challenge presents an opportunity to learn,” Patterson says. “Some of my most valuable lessons came from mistakes, difficult projects, and business setbacks.”

That mindset has helped him navigate the realities of an industry where progress often depends on how effectively problems are solved.

Leadership Through Action

Throughout his career, Patterson has maintained a simple philosophy.

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Lead from the front.

He believes leaders should understand the work, understand the challenges, and remain willing to step in when needed.

“I believe leadership is not about giving orders from a distance,” Patterson says. “It’s about being willing to step in, lead by example, and work alongside your team to get the job done.”

That philosophy has shaped how he manages both projects and people.

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Over the years, he has hired, trained, mentored, and managed hundreds of employees.

Many entered the industry with limited experience.

Some were searching for opportunity.

Others simply needed someone willing to invest in their potential.

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Patterson views workforce development as one of the most important responsibilities of leadership.

Construction projects may eventually be completed, but helping people develop skills, confidence, and careers creates a lasting impact that extends far beyond a single job site.

Why Jesus Christ and Family Remain the Foundation

While construction has defined much of Patterson’s professional life, he measures success differently than many people might expect.

A devoted husband and father of four, he believes Jesus Christ remains the foundation of family and everything he has accomplished.

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“Success begins with family,” Patterson says. “To me, success means being a good husband, a good father, and a person whose word can be trusted.”

Faith in Jehovah God also plays a central role in his life.

Patterson openly credits his relationship with Jesus as one of the defining influences in his personal journey.

“My greatest gift I ever received came from Jesus,” he says. “He came to me at my lowest point in life.”

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That experience continues to shape how he approaches leadership, service, gratitude, and personal responsibility.

Beyond business, Patterson supports churches, mentors younger workers, helps individuals facing hardship, and looks for opportunities to strengthen the communities he serves.

For him, success carries responsibility.

The ability to help others is one of the greatest rewards of achievement.

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Building a Legacy That Lasts

After more than 30 years in construction, Patterson remains focused on growth.

Not simply business growth.

Personal growth.

Community growth.

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Employee growth.

The opportunity to continue creating value for others.

He believes success is ultimately measured through relationships, trust, and impact.

“Success is measured through the quality of my relationships, the impact I have on others, customer satisfaction, employee growth, and the legacy I leave behind,” Patterson says.

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Looking back, there is a consistent thread throughout his story.

Family taught him responsibility.

His father taught him leadership.

Construction taught him perseverance.

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Faith taught him gratitude.

Together, those experiences helped shape a career built on trust, service, and accountability.

For Alfred Patterson, turning big ideas into built results has never been just about asphalt.

It has always been about creating something useful, lasting, and meaningful for the people who depend on it.

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(JMKE) starts trading on the New York Stock Exchange

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(JMKE) starts trading on the New York Stock Exchange

Actor Danny DeVito, from left, Charlie Morrison, chief executive officer of Jersey Mike’s Subs Inc., Eli Manning, former National Football League (NFL) quarterback and founding partner of Brand Velocity Partners, and Peter Cancro, founder and chairman of Jersey Mike’s Subs Inc., during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Thursday, July 30, 2026.

Michael Nagle | Bloomberg | Getty Images

Shares of Jersey Mike’s fell about 2% during trading on Thursday afternoon after the company made its public market debut on the New York Stock Exchange under the ticker “JMKE.”

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The stock opened at $21 per share, below its initial public offering pricing of $23 per share, at the midpoint of the expected range of $21 to $25 per share.

Jersey Mike’s sold 43.5 million shares, raising about $1 billion and valuing the company at $7.3 billion. With those proceeds, the chain is now among the largest-ever initial fundraises for a restaurant IPO.

Jersey Mike’s has nearly 3,300 locations, making it the second-largest hoagie sandwich chain in the U.S. behind Subway. It’s now the largest public chain in the category.

The company reported net income of $55 million on total revenue of $724 million last year. Its same-store sales increased 3% over the same period. The metric tracks sales growth at restaurants open at least a year.

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Broadly, diners are eating out less often or seeking deals to save money, and the restaurant industry has seen traffic and sales soften. But Jersey Mike’s has largely bucked the trend, and its high average unit volumes and asset-light franchise model made the stock attractive to investors.

CEO Charlie Morrison told CNBC that Jersey Mike’s customer base typically skews “a little higher income,” insulating the chain from some of the pullback in consumer spending.

“We’re seeing the consumer come back,” Morrison said. “We’ve seen positive transition growth. In fact, most of our same-store sales growth this year to date has been driven primarily by transaction growth.”

Jersey Mike’s successful IPO is a positive harbinger for other consumer companies looking to go public. Rival restaurant company Inspire Brands, which counts Dunkin’ and Jimmy John’s among its brands, has confidentially filed for an initial public offering and could easily snatch Jersey Mike’s title for biggest-ever restaurant IPO.

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Clothing company Reformation is also expected to make its public market debut on Thursday; the retailer priced shares at $15, on the low end of its expected range of $15 to $17.

Jersey Mike’s expansion plans

Jersey Mike’s founder Peter Cancro began working at a Jersey Shore sandwich shop at age 14 in 1971. Four years later, he pulled together enough money to buy Mike’s Subs. Cancro later changed the name and began franchising the chain. Today, franchisees operate 99.2% of Jersey Mike’s locations.

In late 2024, Jersey Mike’s announced that Blackstone had bought a majority stake reportedly valued at around $8 billion including debt.

After the transaction closed, Jersey Mike’s tapped Morrison as its chief executive. He previously led Wingstop for more than a decade, including during the chicken wing chain’s own IPO.

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Morrison said that he sees a lot of similarities with Wingstop. Like the chicken wing chain, Jersey Mike’s is mostly franchised and generates free cash flow for investors.

Jersey Mike’s plans to use the proceeds from the offering to pay down debt and general corporate purposes.

Looking ahead, the chain plans to expand its international reach.

The vast majority of its restaurants are in the U.S., a relatively mature market for hoagies. Cancro, who has retained some equity in Jersey Mike’s, signed a master franchise agreement to bring Jersey Mike’s to the United Kingdom and Ireland.

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Long term, Jersey Mike’s sees the potential for 15,000 restaurants worldwide — half in the U.S., half in international markets.

“One of the benefits of being a publicly traded company on the New York Stock Exchange is that we get a lot of awareness of the brand, not only in the U.S., but also around the world,” Morrison said.

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Cellnex Telecom, S.A. 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:CLLNY) 2026-07-30

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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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'We are rescuing unpicked blackberries'

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Alex Vardill wearing a pink T-shirt, smiling straight at the camera and holding a box of blackberries.

Low-income households will benefit from blackberries being collected, a community group says.

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Enterprise Products Partners L.P. Common Units 2026 Q2 – Results – Earnings Call Presentation (NYSE:EPD) 2026-07-30

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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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Hammerson acquires 50% stake in Manchester Arndale shopping centre

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The property giant called Manchester an “exceptional” city

Hammerson also saw a significant rise in half year net rental income.

Hammerson says acquiring the stake in Arndale is in line with its plan to increase scale.(Image: Hammerson)

Major property developer Hammerson has announced a £218m deal to buy a 50% stake in the landmark Arndale shopping centre.

The London firm praised Manchester – the home of the new N10 North – as it said the asset fitted its “DNA precisely” as a dominant, city centre destination in a top European city. Arndale’s 45 million footfall makes it the highest across the group.

It is said to be Hammerson’s first major external acquisition in more than a decade and will be immediately earnings accretive at 7.8% yield. The deal – which values the centre at roughly £436m – was funded by a £225m equity fundraise and retail offer of up to 12.5% of issued share capital.

Rob Wilkinson, chief executive of Hammerson, said: “This is another important step in our strategy to increase scale through acquiring high-quality, retail-led destinations. Manchester is one of Europe’s most dynamic and fastest-growing urban economies, benefiting from strong demographics, excellent connectivity and the largest retail catchment outside London.

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“Manchester Arndale sits at the heart of this exceptional city and has established itself as a premier retail destination, attracting more than 45 million visitors each year.

“Ownership of this prime asset allows us to further strengthen our position in one of the continent’s leading cities. The transaction will be immediately earnings accretive, and we see a clear path to income and value creation, leveraging Hammerson’s platform to enhance the destination and deliver attractive long-term returns for our shareholders.”

The deal comes amid the release of half year results for Hammerson showing an uptick in net rental income to £112m in the six months to the end of June, up from £80m in the same period last year. There was EPRA earnings growth of 33% to £64m, and £18.5m of headline rent, 53% above previous passing rent.

Footfall across the group’s portfolio was up 3%, ahead of national benchmarks in all territories, while like-for-like sales were up 2%.

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Mortgage rates rise to 6.66%: Freddie Mac

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Mortgage rates rise to 6.38%: Freddie Mac

Mortgage rates rose this week to the highest level in a year, mortgage buyer Freddie Mac said Thursday.

Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.66% from last week’s reading of 6.58%. 

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The average rate on a 30-year loan was 6.72% a year ago.

A couple tours a home.

The average rate on the benchmark 30-year fixed mortgage climbed to 6.66% this week, according to Freddie Mac.  (Daniel Acker/Bloomberg via Getty Images)

“The housing market continues to benefit from more available inventory, providing prospective homebuyers with additional options and helping support buyer activity as mortgage rates fluctuate,” said Sam Khater, Freddie Mac’s chief economist.

The average rate on a 15-year fixed mortgage rose to 6.04% from last week’s reading of 5.96%.

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Coca-Cola volume kicks into higher gear

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Coca-Cola volume kicks into higher gear

World Cup campaign reaches more than 180 global markets.

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