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COLUMBIA, Mo. (AP) — Arkansas defensive end Landon Jackson was carted off the field and taken to a hospital with a neck injury late in the first half of Saturday's game at No. 24 Missouri. Jackson appeared to injure his neck while trying to tackle Missouri running back Jamal Roberts. Medical personnel tended to Jackson for approximately 10 minutes before he was placed on a backboard and driven to a waiting ambulance. Jackson gave a thumbs-up sign as he was carted off the snow-covered field. Arkansas athletic director Hunter Yurachek said Jackson had movement in his arms and legs but was experiencing pain in his neck. He said Jackson was taken to the hospital as a precaution. Jackson leads the Razorbacks with 9 1/2 tackles for loss and 6 1/2 sacks, and is considered a potential first-round pick in next year's NFL draft. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballMan on trial in Ole Miss student's death lied to investigators, police chief saysListing on the London stock market is 'not rational', says Revolut boss as he takes another swipe at the UK

COLUMBIA, Mo. (AP) — Arkansas defensive end Landon Jackson was carted off the field and taken to a hospital with a neck injury late in the first half of Saturday’s game at No. 24 Missouri. Jackson appeared to injure his neck while trying to tackle Missouri running back Jamal Roberts. Medical personnel tended to Jackson for approximately 10 minutes before he was placed on a backboard and driven to a waiting ambulance. Jackson gave a thumbs-up sign as he was carted off the snow-covered field. Arkansas athletic director Hunter Yurachek said Jackson had movement in his arms and legs but was experiencing pain in his neck. He said Jackson was taken to the hospital as a precaution. Jackson leads the Razorbacks with 9 1/2 tackles for loss and 6 1/2 sacks, and is considered a potential first-round pick in next year’s NFL draft. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up . AP college football: andXavier tries to get right vs. Morgan State before rivalry clashCrossbeats Clip M01 Wireless Mic review: Budget-friendly, but far from reliable

SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the third quarter of fiscal year 2025. Net revenue for the third quarter of fiscal 2025 was $1.516 billion , $66 .0 million above the mid-point of the Company's guidance provided on August 29, 2024 . GAAP net loss for the third quarter of fiscal 2025 was $(676.3) million, or $(0.78) per diluted share. Non-GAAP net income for the third quarter of fiscal 2025 was $373 .0 million, or $0.43 per diluted share. Cash flow from operations for the third quarter was $536.3 million . "Marvell's fiscal third quarter 2025 revenue grew 19% sequentially, well above the mid-point of our guidance, driven by strong demand from AI. For the fourth quarter, we are forecasting another 19% sequential revenue growth at the midpoint of guidance, while year-over-year, we expect revenue growth to accelerate significantly to 26%, marking the beginning of a new era of growth for Marvell," said Matt Murphy , Marvell's Chairman and CEO. "The exceptional performance in the third quarter, and our strong forecast for the fourth quarter, are primarily driven by our custom AI silicon programs, which are now in volume production, further augmented by robust ongoing demand from cloud customers for our market-leading interconnect products. We look forward to a strong finish to this fiscal year and expect substantial momentum to continue in fiscal 2026." Fourth Quarter of Fiscal 2025 Financial Outlook GAAP diluted EPS is calculated using basic weighted-average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted-average shares outstanding when there is a GAAP net income. Non-GAAP diluted EPS is calculated using diluted weighted-average shares outstanding. Conference Call Marvell will conduct a conference call on Tuesday, December 3, 2024 at 1:45 p.m. Pacific Time to discuss results for the third quarter of fiscal year 2025. Interested parties may join the conference call without operator assistance by registering and entering their phone number at https://emportal.ink/4fngg8m to receive an instant automated call back. To join the call with operator assistance, please dial 1-800-836-8184 or 1-646-357-8785. The call will be webcast and can be accessed at the Marvell Investor Relations website at http://investor.marvell.com/ . A replay of the call can be accessed by dialing 1-888-660-6345 or 1-646-517-4150, passcode 47973# until Tuesday, December 10, 2024 . Discussion of Non-GAAP Financial Measures Non-GAAP financial measures exclude the effect of stock-based compensation expense, amortization of acquired intangible assets, acquisition and divestiture-related costs, restructuring and other related charges (including, but not limited to, asset impairment charges, recognition of future contractual obligations, employee severance costs, and facilities related charges), resolution of legal matters, and certain expenses and benefits that are driven primarily by discrete events that management does not consider to be directly related to Marvell's core business. Although Marvell excludes the amortization of all acquired intangible assets from these non-GAAP financial measures, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase price accounting arising from acquisitions, and that such amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Investors should note that the use of intangible assets contributed to Marvell's revenues earned during the periods presented and are expected to contribute to Marvell's future period revenues as well. Marvell uses a non-GAAP tax rate to compute the non-GAAP tax provision. This non-GAAP tax rate is based on Marvell's estimated annual GAAP income tax forecast, adjusted to account for items excluded from Marvell's non-GAAP income, as well as the effects of significant non-recurring and period specific tax items which vary in size and frequency, and excludes tax deductions and benefits from acquired tax loss and credit carryforwards and changes in valuation allowance on acquired deferred tax assets. Marvell's non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate such as tax law changes; acquisitions; significant changes in Marvell's geographic mix of revenue and expenses; or changes to Marvell's corporate structure. For the third quarter of fiscal 2025, a non-GAAP tax rate of 7.0% has been applied to the non-GAAP financial results. Marvell believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Marvell's financial condition and results of operations. While Marvell uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Marvell does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Marvell believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance. Externally, management believes that investors may find Marvell's non-GAAP financial measures useful in their assessment of Marvell's operating performance and the valuation of Marvell. Internally, Marvell's non-GAAP financial measures are used in the following areas: Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Marvell's business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Marvell's results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent. Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which are subject to the "safe harbor" created by those sections. These statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results to differ materially from those implied by the forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "projects," "believes," "seeks," "estimates," "forecasts," "targets," "may," "can," "will," "would" and similar expressions identify such forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, the statements describing our financial outlook and future period revenues. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including, but not limited to: risks related to changes in general macroeconomic conditions, or expectations of such conditions, such as high or rising interest rates, macroeconomic slowdowns, recessions, inflation, and stagflation; risks related to our ability to estimate customer demand and future sales accurately; our ability to define, design, develop and market products for the Cloud, 5G markets, and Artificial Intelligence (AI) markets; risks related to our dependence on a few customers for a significant portion of our revenue, particularly as our major customers comprise an increasing percentage of our revenue, as well as risks related to a significant portion of our sales being concentrated in the data center end market; risks related to higher inventory levels; risks related to cancellations, rescheduling or deferrals of significant customer orders or shipments, as well as the ability of our customers to manage inventory; our ability to realize the expected benefits from restructuring activities; the risk of downturns in the semiconductor industry or our customer end markets; the impact of international conflict (such as the current armed conflicts in the Ukraine and in Israel and the Gaza Strip ) and economic volatility in either domestic or foreign markets including risks related to trade conflicts or tensions, regulations, and tariffs, including but not limited to, trade restrictions imposed on our Chinese customers; our ability to retain and hire key personnel; our ability to limit costs related to defective products; risks related to our debt obligations; risks related to the rapid growth of the Company; delays or increased costs related to completing the design, development, production and introduction of our new products due to a variety of issues, including supply chain cross-dependencies, dependencies on EDA and similar tools, dependencies on the use of third-party, business partner or customer intellectual property, collaboration and synchronization requirements with business partners and customers, requirements to establish new manufacturing, testing, assembly and packing processes, and other issues; our reliance on our manufacturing partners for the manufacture, assembly, testing and packaging of our products; risks related to the ASIC business model which requires us to use third-party IP including the risk that we may lose business or experience reputational harm if third parties, including customers, lose confidence in our ability to protect their IP rights; the risks associated with manufacturing and selling products and customers' products outside of the United States ; our ability to secure design wins from our customers and prospective customers; our ability to complete and realize the anticipated benefits of any acquisitions, divestitures and investments; decreases in gross margin and results of operations in the future due to a number of factors, including high or increasing interest rates and volatility in foreign exchange rates; severe financial hardship or bankruptcy of one or more of our major customers; the effects of transitioning to smaller geometry process technologies; risks related to use of a hybrid work model; the impact of any change in the income tax laws in jurisdictions where we operate and the loss of any beneficial tax treatment that we currently enjoy; the outcome of pending or future litigation and legal and regulatory proceedings; risk related to our Sustainability program; the impact and costs associated with changes in international financial and regulatory conditions; our ability and the ability of our customers to successfully compete in the markets in which we serve; our ability and our customers' ability to develop new and enhanced products and the adoption of those products in the market; supply chain disruptions or component shortages that may impact the production of our products including our kitting process or may impact the price of components which in turn may impact our margins on any impacted products and any constrained availability from other electronic suppliers impacting our customers' ability to ship their products, which in turn may adversely impact our sales to those customers; our ability to scale our operations in response to changes in demand for existing or new products and services; risks associated with acquisition and consolidation activity in the semiconductor industry, including any consolidation of our manufacturing partners; our ability to protect our intellectual property; risks related to the impact of the COVID-19 pandemic (or future pandemics) which have impacted, and for which lingering effects may continue to impact our business, employees and operations, the transportation and manufacturing of our products, and the operations of our customers, distributors, vendors, suppliers, and partners; our maintenance of an effective system of internal controls; financial institution instability; and other risks detailed in our SEC filings from time to time. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect our business described in the "Risk Factors" section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and we assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. About Marvell To deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for over 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're ultimately changing the way tomorrow's enterprise, cloud, automotive, and carrier architectures transform—for the better. Marvell ® and the Marvell logo are registered trademarks of Marvell and/or its affiliates. Marvell Technology, Inc. Condensed Consolidated Statements of Operations (Unaudited) (In millions, except per share amounts) Three Months Ended Nine Months Ended November 2, 2024 August 3, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net revenue $ 1,516.1 $ 1,272.9 $ 1,418.6 $ 3,949.9 $ 4,081.2 Cost of goods sold 1,166.7 685.3 867.4 2,485.1 2,451.7 Gross profit 349.4 587.6 551.2 1,464.8 1,629.5 Operating expenses: Research and development 488.6 486.7 481.1 1,451.4 1,436.6 Selling, general and administrative 205.3 197.3 213.0 602.5 622.0 Restructuring related charges 358.3 4.0 3.4 366.4 105.3 Total operating expenses 1,052.2 688.0 697.5 2,420.3 2,163.9 Operating loss (702.8) (100.4) (146.3) (955.5) (534.4) Interest expense (47.2) (48.4) (52.6) (144.4) (159.1) Interest income and other, net (0.5) 2.6 11.4 5.4 22.1 Interest and other loss, net (47.7) (45.8) (41.2) (139.0) (137.0) Loss before income taxes (750.5) (146.2) (187.5) (1,094.5) (671.4) Provision (benefit) for income taxes (74.2) 47.1 (23.2) (9.3) (130.7) Net loss $ (676.3) $ (193.3) $ (164.3) $ (1,085.2) $ (540.7) Net loss per share — basic $ (0.78) $ (0.22) $ (0.19) $ (1.25) $ (0.63) Net loss per share — diluted $ (0.78) $ (0.22) $ (0.19) $ (1.25) $ (0.63) Weighted-average shares: Basic 865.7 865.7 862.6 865.5 860.1 Diluted 865.7 865.7 862.6 865.5 860.1 Marvell Technology, Inc. Condensed Consolidated Balance Sheets (Unaudited) (In millions) November 2, 2024 February 3, 2024 Assets Current assets: Cash and cash equivalents $ 868.1 $ 950.8 Accounts receivable, net 997.9 1,121.6 Inventories 859.4 864.4 Prepaid expenses and other current assets 91.4 125.9 Total current assets 2,816.8 3,062.7 Property and equipment, net 781.9 756.0 Goodwill 11,586.9 11,586.9 Acquired intangible assets, net 2,957.7 4,004.1 Deferred tax assets 406.5 311.9 Other non-current assets 1,165.8 1,506.9 Total assets $ 19,715.6 $ 21,228.5 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 538.1 $ 411.3 Accrued liabilities 825.2 1,032.9 Accrued employee compensation 270.9 262.7 Short-term debt 129.4 107.3 Total current liabilities 1,763.6 1,814.2 Long-term debt 3,965.5 4,058.6 Other non-current liabilities 613.6 524.3 Total liabilities 6,342.7 6,397.1 Stockholders' equity: Common stock 1.7 1.7 Additional paid-in capital 14,629.0 14,845.3 Accumulated other comprehensive income (loss) (0.3) 1.1 Accumulated deficit (1,257.5) (16.7) Total stockholders' equity 13,372.9 14,831.4 Total liabilities and stockholders' equity $ 19,715.6 $ 21,228.5 Marvell Technology, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) (In millions) Three Months Ended Nine Months Ended November 2, 2024

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Southern California defense contractors optimistic Trump administration could create jobs locallyAs of 2024, the wealthiest individuals in Canada come from diverse industries ranging from media and technology to retail and real estate. As a group, their wealth has ballooned over the last two decades, the combined net worth of the 10 richest Canadians is now $261 billion According to Maclean here are the top 10 wealthiest Canadians with a combined net worth of$261 billion The Thomson family fortune began with Roy Thomson, who transformed a single newspaper into a global publishing empire. After his death in 1976, his son, Kenneth, inherited both the business and the peerage title of Baron Thomson of Fleet. Over three decades, Kenneth expanded the company’s reach through strategic acquisitions, eventually selling its newspaper holdings in 2000 to focus on digital information, such as financial data. Read also: 30 Wealthiest families in the world in 2024, worth over $2 tn In 2002, Kenneth passed the reins of Thomson Corporation to his eldest son, David, shortly before his own death. Under David’s leadership, the company made its most significant acquisition: the $17 billion purchase of global newswire Reuters. Today, Thomson Reuters stands as a global information powerhouse, providing data, software, and services to industries like finance, law, and journalism. Over the past five years, its stock has surged more than 15o per cent, reaching $231.42 per share at the time of valuation. The Thomson family’s holding company, Woodbridge, owns approximately 70 per cent of Thomson Reuters. The family’s influence extends well beyond Thomson Reuters. Woodbridge owns The Globe and Mail, with David serving as chair, and holds a minority stake in BCE Inc., the parent company of Bell Canada. David also co-owns the Winnipeg Jets hockey team, while Woodbridge maintains a minority interest in the Montreal Canadiens. While the Thomson fortune is to benefit future generations, the hereditary title of Baron Thomson of Fleet will pass to only one: David’s 18-year-old son, Benjamin. Read also: Meet the World’s richest families by market capitalisation Changpeng Zhao, widely known as CZ, is a Chinese-born entrepreneur who became a prominent figure in the cryptocurrency world. After moving to Canada as a teenager, he graduated from McGill University with a degree in computer science. In 2017, Zhao founded Binance, a cryptocurrency exchange that quickly became the world’s largest by trading volume, boasting a market cap of approximately $90 billion. He owns 90% of Binance and nearly two-thirds of its native token, BNB, which ranked as the fourth-largest cryptocurrency by market cap, valued at over $600 per unit as of September. Despite his financial success, Zhao’s journey has faced significant legal hurdles. Late last year, he pleaded guilty to failing to implement an effective anti-money laundering program and spent the summer in prison. He stepped down as CEO, and Binance was hit with a $4.3 billion fine. Although Zhao was released from custody on September 27, legal challenges persist. Binance remains under scrutiny by the U.S. Securities and Exchange Commission, which alleges violations of federal securities laws, including operating unregistered national securities exchanges. Galen Weston Jr. rose to prominence as the relatable face of Loblaw’s President’s Choice brand, appearing in a popular series of television commercials. In 2020, he took control of Wittington Canada, the family’s holding company, which owns a controlling stake in George Weston Ltd. This company holds the majority share in Loblaw Companies Limited, whose grocery chains include No Frills, Valu-mart, and Provigo. Over the past three years, Loblaw’s stock price has tripled, despite growing concerns over the rising cost of food. Beyond groceries, George Weston Ltd. is a major player in real estate, owning 61 per cent of Choice Properties REIT. This real estate investment trust manages over 700 retail and industrial properties across Canada, with Loblaw as its primary tenant. Weston’s personal assets include a sprawling 500-acre estate near Caledon, Ontario. Read also: Meet over 50 wealthy Nigerians and their industries The Irving family, with a net worth of $14.47 billion, has been a cornerstone of New Brunswick’s economy for over a century. Their diverse portfolio spans industries such as forestry, oil, real estate, media, construction, food, retail, shipbuilding, and transportation. For decades, the family empire flourished under the leadership of brothers James (J.K.), Arthur, and John (Jack). However, recent shifts suggest a new chapter for the dynasty. Irving Oil, which operates Canada’s largest oil refinery, underwent a strategic review last year, sparking speculation about a potential sale. The refinery sources most of its oil from the United States, Saudi Arabia, and Nigeria, making it an attractive asset for international buyers. Adding to the changes, Arthur’s daughter, Sarah, recently exited the company. Despite these transitions, the Irving legacy remains firmly rooted in the province. J.D. Irving, the family’s forestry, shipbuilding, and transportation conglomerate, is now managed by J.K.’s sons, Jim and Robert. The passing of both Arthur and J.K. earlier this year, each in their nineties, marked the end of an era—but the Irving name is poised to dominate New Brunswick’s landscape for generations to come. Read also: Meet the world’s richest royal family worth 4 times more than Musk and Gates combined In 1957, four brothers from Florenceville, New Brunswick, revolutionized mealtime with the creation of McCain Foods. Under the leadership of Harrison and Wallace McCain, the company expanded into a global frozen foods powerhouse. However, in the 1990s, a family feud over leadership led Wallace to part ways, taking his sons, Michael and Scott, with him to acquire a substantial stake in Maple Leaf Foods. Today, both Harrison and Wallace have passed away, but Scott McCain has returned to McCain Foods as chair. The company, now generating $14 billion in annual revenue, continues to thrive. (This valuation of the McCain family excludes Michael McCain, who maintains a stake in Maple Leaf Foods.) Read also: Wealth of top 10 richest women in the world increases by 3.98% in Q2 2024 Vancouver-born David Cheriton made an important move in the tech world while teaching computer science at Stanford University. It was there he met Sergey Brin and Larry Page, the founders of Google, and provided them with a $100,000 investment during their startup phase. This early gamble transformed into a stake worth over $1 billion. Cheriton’s time at Stanford also led to a partnership with German tech innovator Andy von Bechtolsheim. Together, they co-founded Arista Networks in 2008, a leading computer networking company specializing in data center and AI networking. Cheriton’s share in Arista alone exceeds $5 billion. Although he retired from teaching at Stanford in 2016, Cheriton remains deeply involved in the tech sector. Residing in Palo Alto, California, he continues to invest in emerging technology firms and serves as Chief Data Centre Scientist at Juniper Networks, a prominent networking hardware company. Read also: Meet the world’s richest ‘Al Nahyan’ royal family, owners of $475 million palace, 8 jets,700 cars, investments in SpaceX, Fenty The Rogers family, with a fortune of $12.47 billion, is a powerhouse in media and communications. Ted Rogers transformed a Toronto radio station into Rogers Communications, a telecom giant that owns assets such as the Toronto Blue Jays, a stake in Maple Leaf Sports & Entertainment, and Canada’s largest wireless network. Before his death in 2008, Ted established the Rogers Control Trust to keep the company within the family. The trust holds 97.5% of the company’s voting shares and 9.89% of its non-voting shares, with Ted’s son, Edward Rogers III, serving as chair. This governance structure sparked a high-profile family feud over control of the empire, drawing comparisons to the drama of Succession. Tensions eased in January when Melinda Rogers-Hixon and Martha Rogers, two of Ted’s daughters, stepped down from the board. Their sister, Lisa Rogers, joined the board in 2023, while Ed solidified his leadership by being elevated from chair to executive chair of the Rogers board in August. Joseph Tsai, co-founder and chair of Alibaba, holds a 1.4 per cent stake in the Chinese e-commerce giant he helped establish. As chair, Tsai is navigating the company through challenging times, with its market value down 64% since 2020. This decline stems from Beijing’s crackdown on big tech, which has introduced stricter regulations, imposed fines for monopolistic practices, and blocked major deals, including the IPO of Alibaba’s affiliate, Ant Group. In June, Tsai sold a minority stake in BSE Global—the owner of the Brooklyn Nets—to billionaire Julia Koch. His family office, Blue Pool Capital, also recently acquired a Manhattan penthouse for $188 million, adding to the two units he already owns in the same Central Park-facing building. Read also: Meet the richest people from 14 states in Nigeria At 96 years old, Jim Pattison remains at the helm of the Vancouver-based Jim Pattison Group, the conglomerate he founded in 1961 with a single GM dealership. Today, his empire generates $16 billion annually across more than 20 divisions spanning eight diverse industries. Key assets include Pattison Outdoor Advertising, Pattison Media, Ripley Entertainment, Great Wolf Lodge, Guinness World Records, and Pattison Food Group, which encompasses Save-On-Foods and Monte Cristo Bakery. Pattison is also known for his philanthropy, donating 10 per cent of his annual income to charitable causes and committing to giving away half of his fortune during his lifetime and beyond. In addition to his private ventures, Pattison holds stakes in companies like West Fraser Timber, Westshore Terminals, and Canfor, collectively valued at over $2.8 billion. Read also: Top 10 richest men in the world increase wealth by $201.8 bn in Q2 2024 The Desmarais family, with a net worth of $9.96 billion, built their fortune through the financial services sector. Paul Desmarais Sr. established a $5-billion empire with Power Corporation of Canada, an asset management firm, before passing away in 2013. His legacy was passed down to his four children via the Desmarais Family Residuary Trust. For 24 years, his sons André and Paul Jr. co-led the Montreal-based company, overseeing numerous acquisitions. Today, their sons, Paul III and Olivier, are focused on attracting younger, tech-savvy investors. Paul III leads the company’s fintech division, which includes an investment in Wealthsimple, while Olivier chairs Power Sustainable, a climate-conscious alternative asset management firm. Alongside the family trust’s stake in Power Corporation, the Desmarais family members, including André, Paul Jr., Paul III, and Olivier, also hold personal shares in the company.

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What did you Google in 2024? From the elections to Copa América, here's what search trends showChris Evans MCU Return Set for Avengers: DoomsdayAwarded industry-first design win from a top-four hyperscaler SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced financial results for its third quarter fiscal year 2025 ended November 3, 2024. "Pure Storage has achieved another industry first in our journey of data storage innovation with a transformational design win for our DirectFlash technology in a top-four hyperscaler," said Pure Storage Chairman and CEO Charles Giancarlo . "This win is the vanguard for Pure Flash technology to become the standard for all hyperscaler online storage, providing unparalleled performance and scalability while also reducing operating costs and power consumption." Third Quarter Financial Highlights "Our third quarter results exceeded our expectations on revenue and operating income, demonstrating the sustaining strength of our business models," said Kevan Krysler , Pure Storage CFO. "We remain focused on driving both near-term results and long-term value creation through disciplined investments and innovation that position Pure as the leader in transforming the data storage landscape." Third Quarter Company Highlights Industry Recognition and Accolades Fourth Quarter and FY25 Guidance Q4FY25 Revenue $867M Revenue YoY Growth Rate 9.7 % Non-GAAP Operating Income $135M Non-GAAP Operating Margin 15.6 % FY25 Revenue $3.15B Revenue YoY Growth Rate 11.5 % Non-GAAP Operating Income $540M Non-GAAP Operating Margin 17 % These statements are forward-looking and actual results may differ materially. Refer to the Forward Looking Statements section below for information on the factors that could cause our actual results to differ materially from these statements. Pure has not reconciled its guidance for non-GAAP operating income and non-GAAP operating margin to their most directly comparable GAAP measures because certain items that impact these measures are not within Pure's control and/or cannot be reasonably predicted. Accordingly, reconciliations of these non-GAAP financial measures guidance to the corresponding GAAP measures are not available without unreasonable effort. Conference Call Information Pure will host a teleconference to discuss the third quarter fiscal 2025 results at 2:00 pm PT today, December 3, 2024. A live audio broadcast of the conference call will be available on the Pure Storage Investor Relations website . Pure will also post its earnings presentation and prepared remarks to this website concurrent with this release. A replay will be available following the call on the Pure Storage Investor Relations website or for two weeks at 1-800-770-2030 (or 1-647-362-9199 for international callers) with passcode 5667482. Additionally, Pure is scheduled to participate at the following investor conferences: Wells Fargo 8th Annual TMT Summit Date: Wednesday, December 4, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Chief Technology Officer Rob Lee 27th Annual Needham Growth Conference Date: Thursday, January 16, 2025 Time: 9:45 a.m. PT / 12:45 p.m. ET Founder & Chief Visionary Officer John "Co z" Colgrove Chief Financial Officer Kevan Krysler The presentations will be webcast live and archived on Pure's Investor Relations website at investor.purestorage.com . ---- About Pure Storage Pure Storage (NYSE: PSTG) delivers the industry's most advanced data storage platform to store, manage, and protect the world's data at any scale. With Pure Storage, organizations have ultimate simplicity and flexibility, saving time, money, and energy. From AI to archive, Pure Storage delivers a cloud experience with one unified Storage as-a-Service platform across on premises, cloud, and hosted environments. Our platform is built on our Evergreen architecture that evolves with your business – always getting newer and better with zero planned downtime, guaranteed. Our customers are actively increasing their capacity and processing power while significantly reducing their carbon and energy footprint. It's easy to fall in love with Pure Storage, as evidenced by the highest Net Promoter Score in the industry. For more information, visit www.purestorage.com . Connect with Pure Blog LinkedIn Twitter Facebook Pure Storage, the Pure P Logo, Portworx, and the marks on the Pure Storage Trademark List are trademarks or registered trademarks of Pure Storage Inc. in the U.S. and/or other countries. The Trademark List can be found at purestorage.com/trademarks . Other names may be trademarks of their respective owners. Forward Looking Statements This press release contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to our opportunity with hyperscale and AI environments, our ability to meet hyperscalers' performance and price requirements, our ability to meet the needs of hyperscalers for the entire spectrum of their online storage use cases, the timing and magnitude of large orders, including sales to hyperscalers, the timing and amount of revenue from hyperscaler licensing and support services, future period financial and business results, demand for our products and subscription services, including Evergreen//One, the relative sales mix between our subscription and consumption offerings and traditional capital expenditure sales, our technology and product strategy, specifically customer priorities around sustainability, the environmental and energy saving benefits to our customers of using our products, our ability to perform during current macro conditions and expand market share, our sustainability goals and benefits, the impact of inflation, economic or supply chain disruptions, our expectations regarding our product and technology differentiation, new customer acquisition, and other statements regarding our products, business, operations and results. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings and reports with the U.S. Securities and Exchange Commission, which are available on our Investor Relations website at investor.purestorage.com and on the SEC website at www.sec.gov . Additional information is also set forth in our Annual Report on Form 10-K for the year ended February 4, 2024. All information provided in this release and in the attachments is as of December 3, 2024, and Pure undertakes no duty to update this information unless required by law. Key Performance Metric Subscription ARR is a key business metric that refers to total annualized contract value of all active subscription agreements on the last day of the quarter, plus on-demand revenue for the quarter multiplied by four. Non-GAAP Financial Measures To supplement our unaudited condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, Pure uses the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, and free cash flow. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses such as stock-based compensation expense, payments to former shareholders of acquired companies, payroll tax expense related to stock-based activities, amortization of debt issuance costs related to debt, and amortization of intangible assets acquired from acquisitions that may not be indicative of our ongoing core business operating results. Pure believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies. For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures" and "Reconciliation from net cash provided by operating activities to free cash flow," included at the end of this release. PURE STORAGE, INC. Condensed Consolidated Balance Sheets (in thousands, unaudited) At the End of Third Quarter of Fiscal 2025 Fiscal 2024 Assets Current assets: Cash and cash equivalents $ 894,569 $ 702,536 Marketable securities 753,960 828,557 Accounts receivable, net of allowance of $956 and $1,060 578,224 662,179 Inventory 41,571 42,663 Deferred commissions, current 86,839 88,712 Prepaid expenses and other current assets 204,485 173,407 Total current assets 2,559,648 2,498,054 Property and equipment, net 431,353 352,604 Operating lease right-of-use-assets 157,574 129,942 Deferred commissions, non-current 210,671 215,620 Intangible assets, net 23,039 33,012 Goodwill 361,427 361,427 Restricted cash 11,249 9,595 Other assets, non-current 99,504 55,506 Total assets $ 3,854,465 $ 3,655,760 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 102,021 $ 82,757 Accrued compensation and benefits 155,652 250,257 Accrued expenses and other liabilities 141,846 135,755 Operating lease liabilities, current 47,941 44,668 Deferred revenue, current 897,174 852,247 Debt, current 100,000 — Total current liabilities 1,444,634 1,365,684 Long-term debt — 100,000 Operating lease liabilities, non-current 146,390 123,201 Deferred revenue, non-current 784,282 742,275 Other liabilities, non-current 68,573 54,506 Total liabilities 2,443,879 2,385,666 Stockholders' equity: Common stock and additional paid-in capital 2,821,010 2,749,627 Accumulated other comprehensive income (loss) 1,023 (3,782) Accumulated deficit (1,411,447) (1,475,751) Total stockholders' equity 1,410,586 1,270,094 Total liabilities and stockholders' equity $ 3,854,465 $ 3,655,760 PURE STORAGE, INC. Condensed Consolidated Statements of Operations (in thousands, except per share data, unaudited) Third Quarter of Fiscal First Three Quarters of Fiscal 2025 2024 2025 2024 Revenue: Product $ 454,735 $ 453,277 $ 1,204,714 $ 1,161,978 Subscription services 376,337 309,561 1,083,608 878,838 Total revenue 831,072 762,838 2,288,322 2,040,816 Cost of revenue: Product (1) 154,970 126,770 385,446 343,588 Subscription services (1) 93,180 83,321 284,168 244,541 Total cost of revenue 248,150 210,091 669,614 588,129 Gross profit 582,922 552,747 1,618,708 1,452,687 Operating expenses: Research and development (1) 200,086 182,100 589,396 549,923 Sales and marketing (1) 255,830 231,707 757,069 696,885 General and administrative (1) 67,319 64,729 213,551 192,944 Restructuring and impairment (2) — — 15,901 16,766 Total operating expenses 523,235 478,536 1,575,917 1,456,518 Income (loss) from operations 59,687 74,211 42,791 (3,831) Other income (expense), net 17,156 5,184 50,684 23,619 Income before provision for income taxes 76,843 79,395 93,475 19,788 Income tax provision 13,204 9,006 29,171 23,915 Net income (loss) $ 63,639 $ 70,389 $ 64,304 $ (4,127)

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Healthy soil is indispensable to life on Earth, sustaining nearly 60% of all living species. As the second-largest carbon reservoir after oceans, soil is also among our planet’s most important natural assets in the fight against climate change. But the world’s soils are under immense strain. Droughts are increasingly turning fertile land into deserts, while pesticide use drastically reduces soil biodiversity, threatening our ability to produce healthy food. As high-quality agricultural land becomes scarcer, conflicts over shrinking topsoil – critical for crop growth – are intensifying. The Heinrich Böll Foundation’s recent Soil Atlas highlights the many ways we are losing the ground beneath our feet. The current industrial agriculture system has been a major driver of soil degradation, accelerating biodiversity loss and depleting vital carbon reserves. Yet despite its impact, the agriculture sector has made little progress in advancing climate goals. Its global greenhouse-gas emissions have remained largely unchanged over the past decade. As countries worldwide set new emissions-reduction targets under the 2015 Paris climate agreement, it is clear that achieving real emissions cuts will require developing strategies to reduce the agriculture sector’s carbon footprint. One approach touted as a potential solution is “carbon farming,” which uses market incentives to reward farmers for storing carbon in their soil. By adopting practices like planting cover crops, farmers can earn certificates for increasing carbon storage. These certificates can then be sold as carbon credits in voluntary or government-mandated markets, providing farmers with an additional income stream. This concept has gained traction in both public-policy circles and the private sector. Fertiliser and pesticide companies like Yara and Bayer have already rolled out their own certification programmes, while major agriculture producers such as Canada and Australia have integrated these credits into their markets. The European Union is also developing a certification program for carbon farming, and global carbon markets are expected to follow suit. Unfortunately, the newfound popularity of carbon farming risks perpetuating the false notion that emissions reductions and soil carbon storage are interchangeable. Even if we accept this premise, developing a system to offset emissions through carbon storage is extremely difficult. For such a system to be effective, storage must originate from a change in farm practices and be measurable and secure for at least a century. But given that carbon stored in soils is inherently unstable and can easily be re-released into the atmosphere by droughts, floods, or shifts in farming practices, long-term storage remains highly unreliable. Previous attempts to address this instability in other natural reserves have been unsuccessful. For example, reserve credits set aside to offset unintended carbon releases from forests in California are being depleted faster than anticipated after the intense wildfires there. And there has been little interest in credits with expiration dates, which would require buyers to renew them periodically. While it is possible to measure the carbon stored in soil, doing so is neither simple nor cheap. The accuracy of these measurements depends on several factors, including sampling depth, location, and timeframe. Alternative methods, based on limited sampling or mathematical models, have failed to overcome measurement challenges. Since prices for soil-carbon credits have been too low to cover the costs of changing agricultural practices, farmers are unlikely to embrace them. In response, European regulators have opted to make credit generation easier, rather than adjusting price incentives, thus compromising the system’s integrity. Beyond methodological challenges, carbon farming can serve as a smokescreen for the livestock industry. Industry groups claim that carbon storage in grasslands can offset methane and nitrous-oxide emissions. But this scenario is unrealistic, given that it would require vast amounts of grassland. It is well established that the most effective way to reduce livestock emissions is to cut livestock numbers and consumption of meat and dairy. The carbon-market approach views maintaining soil health and reducing emissions as an either/or choice. In reality, both are necessary, as healthy soil is essential for food production. The Intergovernmental Panel on Climate Change has found that sequestering carbon in soils – or anywhere else – cannot replace emissions reductions. Targeting emissions reductions, rather than relying solely on soil credits, could have the additional benefit of weakening the appeal of controversial technologies that aim to remove carbon from the atmosphere. Simply put, a market-based approach to carbon storage cannot deliver the transformative change we need. We cannot offset our way out of the climate crisis. Instead, we should redirect public funds currently spent on agricultural subsidies to investments that improve soil health and support farmers as they undertake the transition to a climate-resilient food system. – Project Syndicate Sophie Scherger is Policy Officer for Climate and Agriculture at the Institute for Agriculture and Trade Policy’s European office.Offering prize money at the Olympic Games was unfair and was shown at the Paris Games to favour a small number of elite athletes to the detriment of others, the International Olympic Committee said today. In a taboo-busting move that sparked hugely mixed reactions, World Athletics president Sebastian Coe announced prize money of US$50,000 ($85,000) for every track and field winner at the Paris Olympics. Kiwi Hamish Kerr was among the athletes to earn the prize money with his gold medal effort in the men’s high jump . No other sports federation pays prize money at the Olympics. IOC spokesman Mark Adams said that the IOC’s executive board had discussed the topic of prize money distribution, raised by International Federations and athletes' representatives, on the first day of a meeting in Lausanne.Dreama Centre and MoSDF celebrate World Children’s Day with innovative artwork at HIA