user slotvip franckreporter Listen below or on the go on Apple Podcasts and Spotify The Nasdaq is up 30% and the Dow trails badly, up 14%. (0:34) Housing and manufacturing data dominate short week . (1:57) South Korea plane crash kills 179. (3:07) The following is an abridged transcript: It’s another holiday-shortened week for Wall Street, with markets shut on Wednesday, January 1. But Tuesday, December 31 the stock market closing bell rings at 4 p.m. ET as normal as it’s the last trading day of the year. The bond market will close early at 2 p.m. on New Year’s Eve. Going into the final two trading days of the year, here’s where the major averages stand year to date: The S&P 500 ( SP500 ) is up 25%. The Nasdaq Composite (COMP.IND) is up 31% and the Dow ( DJI ) is the big laggard, but still up 14%. Quasar Elizundia. research strategist at Pepperstone, says "the strong annual performance of major indices ...demonstrates the market’s resilience throughout the year." "While the current environment generates some caution, it is important to frame it within a year of strong gains. The key will be companies' ability to maintain profitability in a higher rate environment and the evolution of macroeconomic data guiding future Fed decisions." Looking to other asset classes, spot gold ( XAUUSD:CUR ) is up 27%, WTI crude ( CL1:COM ) is down 1.5%, natgas ( NG1:COM ) is up 36%, copper ( HG1:COM ) is up 5% and bitcoin ( BTC-USD ) is up 112% (although that doesn’t even crack the top 3 for the crypto’s best annual returns). The 10-year Treasury yield ( US10Y ) is up 77 basis points, which means the price is down about 20%. "The continued rise in bond yields, driven by the reassessment of less restrictive monetary policy expectations, creates some concern" Elizundia added. "This movement suggests the market is absorbing and processing the notion that the Federal Reserve may maintain a more aggressive stance against inflation than previously anticipated. As a result, equities face a new scenario where the cost of capital may not decrease as much as previously desired, pressuring valuations." There are no major earnings on the calendar for the week. But there will be insight into U.S. manufacturing and the housing market. On Monday, the December Chicago PMI is due. The consensus is for a rise to 42.7. Pending home sales figures for November hit the same day with a 0.9% rise expected. Tuesday brings the S&P Case-Shiller Home Price Index, seen rising 4.2%. Along with the usual jobless claims figures, Thursday has the final measure of the December S&P Global PMI and November construction spending, seen up 0.25%. Friday wraps things up with the December ISM manufacturing index, seen edging down to 48.5. Due to the holiday the December jobs report won’t be out until the 10 th of the month. Steve Englander, strategist at Standard Chartered, says the "question is how much weakness is needed in December labor data to justify a January FOMC cut. By our reckoning, a higher unemployment rate or nonfarm payrolls growth of 125k or less should be enough. We see these outcomes as sufficiently likely to justify a January cut." The market is pricing just an 11% chance the FOMC lowers by a quarter point on January 29. In the news this weekend, a Boeing ( BA ) 737-800 jetliner operated by a South Korean budget airline skidded off the runway and exploded after hitting a concrete wall at an airport Sunday morning in the country’s southwest, killing 179 people onboard . Two people have survived, according to local authorities. Jeju Air Flight 2216 went off the runway as it landed at Muan International Airport. The aircraft’s landing gear wasn’t deployed. According to media reports, the pilot made a mayday call minutes after the airport’s control tower warned birds were in the area. The flight originated in Bangkok, and all but two passengers were South Korean. The remaining two were Thai nationals. And more than half of the U.S. is at increased risk of power supply shortfalls in the next 5-10 years that could lead to outages and electricity conservation measures, the North American Electric Reliability Corporation said in a recent report. As U.S. power consumption rises from data centers and the electrification of buildings and transportation, efforts to add electricity generation have fallen short, creating a rising imbalance between supply and demand, NERC said in its annual Long-Term Reliability Assessment. The Midcontinent Independent System Operator, which operates the electrical grid in 15 states, was at high risk of shortfalls even at normal peak demand periods, NERC said, while other grid operators including PJM Interconnection, ISO New England, and operators in Texas and California are at elevated risk in which shortfalls may happen during extreme heat or cold. For income investors, Deere ( DE ) and Mondelez ( MDLZ ) go ex-dividend on Tuesday. Deere has a payout date of February 10 and Mondelez pays out January 14. And Cisco ( CSCO ) and American Express ( AXP ). go ex-dividend on January 3. Cisco is paying out on January 22 and AmEx pays out on February 10. And in the Wall Street Research Corner, Wedbush says Palantir ( PLTR ) and Salesforce ( CRM ) appear well positioned to take the lead among software firms in monetizing artificial intelligence applications headed into 2025. AI spending among enterprises is expected to take up a larger share of IT budgets in 2025. Analyst Dan Ives says: "Palantir has been a major focus during the AI Revolution with expanding use cases for its marquee products leading to a larger partner ecosystem with rapidly rising demand across the landscape for enterprise-scale and enterprise-ready generative AI." "We believe Palantir has a credible path to morph into the next Oracle ( ORCL ) over the coming decade, with AIP leading the way as many on the Street continue to be huge skeptics of the Messi of AI.""Even if you spent hours researching your health plan before making a selection, there's always a possibility for the occasional surprise once coverage kicks in, which is why it's important to assess your healthcare coverage and address any gaps before January 1," said Doug Armstrong, Vice President of Health Products and Services at AARP Services, Inc. "AARP members can take advantage of benefits available to them to help find the coverage and savings information they seek." 1. Examine your vision coverage Eye health is important to quality of life, both in terms of moving around safely and appreciating your surroundings. Regular eye exams with an ophthalmologist or optometrist can help make sure your vision is sharp while also monitoring for any issues. However, many health insurance plans don't include vision coverage. If you do see a gap in your coverage, AARP members have access to information on vision insurance options that offer individual and family plans, featuring a large doctor network, savings on frames, lens enhancements, progressives and more. 2. Plan for prescriptions While several health plans offer coverage for prescription drugs, discounts can vary, especially when it comes to different types of medication. AARP ® Prescription Discounts Provided by Optum RX ® can help with savings. This program offers a free prescription discount card that can be used at over 66,000 pharmacies nationwide for savings on FDA-approved medications. Additional benefits for AARP members include home delivery, deeper discounts on medications, coverage for dependents and more. 3. Confirm your primary care With a new health insurance plan, you might find that your primary care physician is no longer in-network or that they no longer accept your insurance. Perhaps you have relocated and are in the market for a new doctor. Whatever the case, there's no time like the present to search for a new primary care physician who meets your needs. If you're on Medicare, Oak Street Health can be a great resource. The only primary care provider to carry the AARP name, Oak Street Health provides primary care for adults on Medicare and focuses on prevention with personalized care to help keep you healthy — physically, mentally and socially. Benefits include same-day/next-day appointments where available, convenient locations, a dedicated care team and a 24/7 patient support line. AARP membership is not required to visit an Oak Street Health location. 4. Protect your smile Optimal dental care includes daily brushing and flossing and a visit to the dentist every six months. During your visit, the dentist can monitor for and treat any issues, such as cavities or gum disease. However, not all plans include dental insurance, which means you might end up paying out of pocket for your cleaning and other procedures. To avoid that, take a look at your coverage. If needed, explore information on dental insurance options that offer individual or family coverage for the most common dental procedures. Dental insurance generally pays for regular check-ups, so many people who purchase protection will benefit from it immediately. 5. Clarify your hearing coverage Hearing loss is a common age-related ailment. According to the National Institute on Aging , one-third of older adults have hearing loss, and the chance of developing hearing loss increases with age. Hearing aids can be an enormous help, improving socialization, boosting confidence and even helping to increase balance. However, many insurance plans do not include coverage for hearing aids. AARP ® Hearing SolutionsTM provided by UnitedHealthcare ® Hearing provides savings on hearing aids and hearing care . Members can save an average of $2,000 per pair on prescription hearing aids and 15% on accessories — no insurance needed. Plus receive a hearing exam and consultation at no cost and personalized support through a large nationwide network of hearing providers. 6. Consider physical therapy Often, the only times that people consider whether their health insurance covers physical therapy is if they already participate in it or after the doctor has prescribed it. As we age, though, physical therapy can be a useful tool in improving balance or recovering from an injury or procedure to help you remain active. Fortunately, the question of coverage or finding an in-network location doesn't have to derail you. AARP ® Physical Therapy At HomeTM by Luna accepts most insurances and Medicare and is available to members and non-members alike. Plus, Luna's experts come to you, so you can receive quality care from the comfort of your home. If you're creating an end-of-year to-do list, consider adding an assessment of your healthcare coverage. After all, the best time to realize you have a gap in coverage is before you need it. To learn more about AARP member benefits, visit aarp.org/benefits . AARP and its affiliates are not insurers, agents, brokers or producers. AARP member benefits are provided by third parties, not by AARP or its affiliates. Providers pay a royalty fee to AARP for the use of its intellectual property. These fees are used for the general purposes of AARP. Some provider offers are subject to change and may have restrictions. Please contact the provider directly for details.Rebekah is a freelance reporter for the Daily Dot.

Democrat Michigan Gov. Gretchen Whitmer wished Michiganders a “happy Kwanzaa,” releasing a video message celebrating the Marxist-rooted holiday. “Happy Kwanzaa, Michigan, ” she began. “Today, we celebrate African American culture and history and unite around values we all share: Freedom and opportunity,” she said, making no mention of the fact that the made-up holiday is rooted in Marxist ideology, created by black nationalists. “As governor, I’m focused on working with anyone to get things done and deliver on the kitchen table issues that make a real difference in people’s lives,” the Democrat claimed. “Together, I know that we will keep driving toward a brighter future where every family can succeed during the holiday season. I hope you get a chance to rest and recover after a busy year, spend some time with your family and friends, as we all look ahead to 2025. Thank you, and Happy Kwanzaa,” she added. Whitmer did not mention the roots of Kwanzaa, created by Maulana Karenga, founder of United Slaves, which opposed the Black Panthers. Further, the FBI backed the rivalry, as conservative author and columnist Ann Coulter described : Celebrated exclusively by white liberals, Kwanzaa is a fake holiday invented in 1966 by black radical/FBI stooge Ron Karenga — aka Dr. Maulana Karenga, founder of United Slaves, the violent nationalist rival to the Black Panthers. Liberals have become so mesmerized by multicultural gibberish that they have forgotten the real history of Kwanzaa and Karenga’s United Slaves. In what was ultimately a foolish gambit, during the madness of the ’60s, the FBI encouraged the most extreme black nationalist organizations in order to discredit and split the left. The more preposterous the group, the better. (It’s the same function #BlackLivesMatter serves today.) Whitmer is far from the only politician to celebrate Kwanzaa. President Joe Biden opted to say a few words about it, also ignoring the reality of the holiday. “This week, millions will gather with their families to light the seven candles of the Mishumaa Saba and commit themselves to the Seven Principles – from unity and self-determination to faith,” he said. “Jill and I hope that your Kwanzaa is blessed with peace and light this season,” Biden added.AP Trending SummaryBrief at 3:51 p.m. EST

Democrats should find the center in next election | GUEST COMMENTARYFathom Holdings' director Scott Flanders buys $75,794 in stock

Santa Clara, CA and Kyoto, Japan, Nov. 26, 2024 (GLOBE NEWSWIRE) -- ROHM Semiconductor and Valeo, a leading automotive technology company, today announced they are collaborating to propose and optimize the next generation of power modules for electric motor inverters using their combined expertise in power electronics management. As a first step, ROHM will provide its 2-in-1 Silicon Carbide (SiC) molded module TRCDRIVE packTM to Valeo for future powertrain solutions. Valeo is broadening access to efficient, electrified mobility across various vehicle types and markets from the smallest one (ebikes), through the mainstream (passenger cars) to the largest one (eTrucks). By combining Valeo’s expertise in mechatronics, thermal management and software development with ROHM’s power modules, Valeo drives the power electronics solution forward, contributing to the performance, efficiency, and decarbonization of automotive systems worldwide. ROHM and Valeo have been collaborating since 2022, initially focusing on technical exchanges aimed at improving the performance and efficiency of the motor inverter – a key component in the propulsion systems of electric vehicles (EVs) and plug-in hybrids (PHEVs). By refining power electronics, both companies aim to offer optimized cost/performance by delivering higher energy efficiency, reducing heat generation thanks to an optimized cooling and mechatronic integration, and increasing overall reliability with a SiC packaging. “We are pleased to support Valeo, a renowned automotive supplier, with our power semiconductors. ROHM’s TRCDRIVE pack provides high power density, leading to an improved power efficiency. Together, we contribute to the development of highly efficient powertrains by fostering the collaboration with Valeo,” said Wolfram HARNACK, President ROHM Semiconductor GmbH. “This partnership marks, for Valeo Power Division, a significant step forward in delivering advanced and high-efficient power electronics,” says Xavier DUPONT, Valeo Power Division CEO. “Together, we aim to set new industry standards for high voltage inverters and accelerate the transition towards more efficient and affordable electric mobility.” These evolutions are all essential to supporting the growing demand for longer range, faster charging capabilities and, overall, a high-performance and an affordable inverter for BEVs and PHEVs. Valeo will start supplying a first series project in early 2026. ROHM and Valeo will contribute to the improvement of efficiency and downsizing of Valeo’s next generation of xEV inverters. Background on ROHM’s TRCDRIVE pack TRCDRIVE pack is a trademark for ROHM’s SiC molded module developed for traction inverter drives. This product features high power density and a unique terminal configuration, solving the key challenges of traction inverters in terms of miniaturization, higher efficiency, and fewer person-hours. Because SiC enables low-loss power conversion under high-voltage conditions, combining Valeo's component technology, casing design and thermal management expertise with ROHM's power module creates a synergistic effect. Through both companies’ collaboration in automotive power electronics, they contribute to achieving a decarbonized society by enhancing the performance and efficiency of the motor inverter. More information is available at: https://www.rohm.com/news-detail?news-title=2024-06-11_news_trcdrive-pack&defaultGroupId=false TRCDRIVE packTM is a trademark or registered trademark of ROHM Co., Ltd. About Valeo Valeo is a technology company and partner to all automakers and new mobility players worldwide. The company innovates to make mobility safer, smarter and more sustainable. Valeo enjoys technological and industrial leadership in electrification, driving assistance systems, reinvention of the interior experience and lighting everywhere. These four areas, vital to the transformation of mobility, are the Group's growth drivers. https://www.valeo.com/ Valeo in figures: 22 billion euros in sales in 2023 | 109 600 employees, 28 countries, 159 plants, 64 research and development centers and 19 distribution platforms (June 30, 2024). Valeo is listed on the Paris stock Exchange. About ROHM Semiconductor ROHM, a leading semiconductor and electronic component manufacturer, was established in 1958. From the automotive and industrial equipment markets to the consumer and communication sectors, ROHM supplies ICs, discretes, and electronic components featuring superior quality and reliability through a global sales and development network. The company’s strengths in the analog and power markets allow ROHM to propose optimized solutions for entire systems that combine peripheral components (i.e., transistors, diodes, resistors) with the latest SiC power devices, as well as drive ICs that maximize their performance. https://www.rohm.com/ Attachment Strong Partnership

WASHINGTON — Millions of Americans with obesity would be eligible to have popular weight-loss drugs like Wegovy or Zepbound covered by Medicare or Medicaid under a new rule the Biden administration proposed Tuesday morning. The costly proposal from the U.S. Department of Health and Human Services immediately sets the stage for a showdown between the powerful pharmaceutical industry and Robert F. Kennedy Jr., an outspoken opponent of the weight-loss drugs who, as President-elect Donald Trump’s nominee to lead the agency, could block the measure. While the rule would give millions of people access to weekly injectables that have helped people shed pounds so quickly that some have labeled them miracle drugs, it would cost taxpayers as much as $35 billion over the next decade. “It’s a good day for anyone who suffers from obesity,” U.S. Health and Human Services Secretary Xavier Becerra told The Associated Press in an interview. “It’s a game changer for Americans who can’t afford these drugs otherwise.” The rule would not be finalized until January, days after Trump takes office. A bipartisan coalition of congressional members has lobbied for the drugs to be covered by Medicare, saying it could save the government from spending billions of dollars on treating chronic ailments that stem from obesity. While it’s unclear where Trump himself stands on coverage of the weight-loss drugs, his allies and Cabinet picks who have vowed to cut government spending could balk at the upfront price tag. Under the proposal, only those who are considered obese – someone who has a body mass index of 30 or higher – would qualify for coverage. Some people may already get coverage of the drugs through Medicare or Medicaid, if they have diabetes or are at risk for stroke or heart disease. Becerra estimated that an additional 3.5 million people on Medicare and 4 million on Medicaid could qualify for coverage of the drugs. But research suggests far more people might qualify, with the Centers for Medicare and Medicaid Services estimating roughly 28 million people on Medicaid are considered obese. Medicare has been barred from offering the drugs under a decades-old law that prohibits the government-backed insurance program from covering weight-loss products. The rule proposed by the Biden administration, however, would recognize obesity as a disease that can be treated with the help of the drugs. The anti-obesity drug market has expanded significantly in recent years, with the Food and Drug Administration approvingb a new class of weekly injectables like Novo Nordisk’s Wegovy and Eli Lilly’s Zepbound to treat obesity. People can lose as much as 15% to 25% of their body weight on the drugs, which imitate the hormones that regulate appetites by communicating fullness between the gut and brain when people eat. The cost of the drugs has largely limited them to the wealthy, including celebrities who boast of their benefits. A monthly supply of Wegovy rings up at $1,300 and Zepbound will put you out $1,000. Shortages of the drugs have also limited the supplies. Kennedy, who as Trump’s nominee for HHS secretary is subject to Senate confirmation, has railed against the drugs’ popularity. In speeches and on social media, he’s said the U.S. should not cover the drugs through Medicaid or Medicare. Instead, he supports a broad expansion of coverage for healthier foods and gym memberships. “For half the price of Ozempic, we could purchase regeneratively raised, organic food for every American, three meals a day and a gym membership, for every obese American,” Kennedy said to a group of federal lawmakers during a roundtable earlier this year. Ozempic is a diabetes drug that can stimulate weight loss. Comments are not available on this story. Send questions/comments to the editors. « PreviousCLEVELAND (AP) — Alyssa Nakken, the first woman to coach in a Major League Baseball game, is leaving the San Francisco Giants to join the Cleveland Guardians. Nakken made history in 2022 when she took over as first-base coach following an ejection. A former college softball star at Sacramento State, Nakken joined the Giants in 2014 and was promoted to a spot on manager Gabe Kapler's staff in 2020, becoming the majors' first full-time female coach. Nakken has been hired as an assistant director within player development for the Guardians, who won the AL Central last season under first-year manager Stephen Vogt — the AL Manager of the Year. With Cleveland, the 34-year-old Nakken will work with former Giants coaches Craig Albernaz and Kai Correa. Her exact duties are still being determined. "We thank Alyssa Nakken for her incredible contributions to the San Francisco Giants and for trailblazing a path for women in sports,” the Giants said in a statement on Friday. "Her leadership, dedication, and passion for the game have inspired countless individuals, and her impact has been truly transformative for the Giants organization and the baseball community. “As she embarks on this exciting new chapter in her career, we have no doubt that she’ll continue to inspire and achieve great things. We wish her and her family nothing but the best.” Nakken is the second on-field female coach hired by the Guardians. In 2023, the club brought in Amanda Kamekona as their hitting development coach for their year-round training academy in Goodyear, Arizona. Last season, she was an assistant hitting coach at Double-A Akron. Kamekona was twice a third-team All-American at UCLA after transferring from Cal State Fullerton. AP MLB: https://apnews.com/hub/mlb

"Even if you spent hours researching your health plan before making a selection, there's always a possibility for the occasional surprise once coverage kicks in, which is why it's important to assess your healthcare coverage and address any gaps before January 1," said Doug Armstrong, Vice President of Health Products and Services at AARP Services, Inc. "AARP members can take advantage of benefits available to them to help find the coverage and savings information they seek." 1. Examine your vision coverage Eye health is important to quality of life, both in terms of moving around safely and appreciating your surroundings. Regular eye exams with an ophthalmologist or optometrist can help make sure your vision is sharp while also monitoring for any issues. However, many health insurance plans don't include vision coverage. If you do see a gap in your coverage, AARP members have access to information on vision insurance options that offer individual and family plans, featuring a large doctor network, savings on frames, lens enhancements, progressives and more. 2. Plan for prescriptions While several health plans offer coverage for prescription drugs, discounts can vary, especially when it comes to different types of medication. AARP ® Prescription Discounts Provided by Optum RX ® can help with savings. This program offers a free prescription discount card that can be used at over 66,000 pharmacies nationwide for savings on FDA-approved medications. Additional benefits for AARP members include home delivery, deeper discounts on medications, coverage for dependents and more. 3. Confirm your primary care With a new health insurance plan, you might find that your primary care physician is no longer in-network or that they no longer accept your insurance. Perhaps you have relocated and are in the market for a new doctor. Whatever the case, there's no time like the present to search for a new primary care physician who meets your needs. If you're on Medicare, Oak Street Health can be a great resource. The only primary care provider to carry the AARP name, Oak Street Health provides primary care for adults on Medicare and focuses on prevention with personalized care to help keep you healthy — physically, mentally and socially. Benefits include same-day/next-day appointments where available, convenient locations, a dedicated care team and a 24/7 patient support line. AARP membership is not required to visit an Oak Street Health location. 4. Protect your smile Optimal dental care includes daily brushing and flossing and a visit to the dentist every six months. During your visit, the dentist can monitor for and treat any issues, such as cavities or gum disease. However, not all plans include dental insurance, which means you might end up paying out of pocket for your cleaning and other procedures. To avoid that, take a look at your coverage. If needed, explore information on dental insurance options that offer individual or family coverage for the most common dental procedures. Dental insurance generally pays for regular check-ups, so many people who purchase protection will benefit from it immediately. 5. Clarify your hearing coverage Hearing loss is a common age-related ailment. According to the National Institute on Aging , one-third of older adults have hearing loss, and the chance of developing hearing loss increases with age. Hearing aids can be an enormous help, improving socialization, boosting confidence and even helping to increase balance. However, many insurance plans do not include coverage for hearing aids. AARP ® Hearing SolutionsTM provided by UnitedHealthcare ® Hearing provides savings on hearing aids and hearing care . Members can save an average of $2,000 per pair on prescription hearing aids and 15% on accessories — no insurance needed. Plus receive a hearing exam and consultation at no cost and personalized support through a large nationwide network of hearing providers. 6. Consider physical therapy Often, the only times that people consider whether their health insurance covers physical therapy is if they already participate in it or after the doctor has prescribed it. As we age, though, physical therapy can be a useful tool in improving balance or recovering from an injury or procedure to help you remain active. Fortunately, the question of coverage or finding an in-network location doesn't have to derail you. AARP ® Physical Therapy At HomeTM by Luna accepts most insurances and Medicare and is available to members and non-members alike. Plus, Luna's experts come to you, so you can receive quality care from the comfort of your home. If you're creating an end-of-year to-do list, consider adding an assessment of your healthcare coverage. After all, the best time to realize you have a gap in coverage is before you need it. To learn more about AARP member benefits, visit aarp.org/benefits . AARP and its affiliates are not insurers, agents, brokers or producers. AARP member benefits are provided by third parties, not by AARP or its affiliates. Providers pay a royalty fee to AARP for the use of its intellectual property. These fees are used for the general purposes of AARP. Some provider offers are subject to change and may have restrictions. Please contact the provider directly for details.

Tice, Otieno lead Quinnipiac to 75-69 OT win over HofstraALBANY, N.Y. (AP) — Justin Neely's 16 points off the bench led Albany (NY) to a 77-70 victory against Stony Brook on Sunday. Neely also contributed nine rebounds for the Great Danes (8-7). Amar'e Marshall scored 15 points, going 6 of 9 (3 for 6 from 3-point range). Kacper Klaczek had 10 points and shot 4 for 8 (0 for 3 from 3-point range) and 2 of 3 from the free-throw line. Ben Wight led the way for the Seawolves (4-9) with 19 points and seven rebounds. Joseph Octave added 13 points and five steals for Stony Brook. Jared Frey finished with 13 points. Albany (NY) took the lead with 19:30 left in the first half and did not give it up. Marshall led their team in scoring with 10 points in the first half to help put them ahead 36-31 at the break. Albany (NY) used an 8-0 run in the second half to build a 19-point lead at 55-36 with 14:01 left in the half before finishing off the win. Albany (NY) plays Saturday against UMass-Lowell at home, and Stony Brook visits Monmouth on Thursday. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .

Telix Files TLX250-CDx (Zircaix®) BLA for Kidney Cancer Imaging

NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (MTI), a global specialty minerals company, today announced the closing of a new seven-year $575 million senior secured Term Loan B (TLB) along with the increase of its Revolving Credit Facility (Revolver) from $300 million of capacity due 2027 to $400 million due 2029. Proceeds from the TLB will be used to refinance MTI's existing $523 million Term Loan A and repay outstanding Revolver borrowings. This transaction extends the weighted average tenor of MTI's capital structure to more than five years, increases the company's liquidity by $150 million, and is neutral to the company's leverage position. "We are pleased with this refinancing, which reflects the strong credit profile of the company. We improved our balance sheet flexibility by extending maturities and increasing liquidity,” said Erik Aldag, Chief Financial Officer. "Our balance sheet is now even stronger and is well-positioned to support our long-term growth strategy.” About Minerals Technologies Inc. New York-based Minerals Technologies Inc. (MTI) is a leading, technology-driven specialty minerals company that develops, produces, and markets a broad range of mineral and mineral-based products, related systems, and services. MTI serves a wide range of consumer and industrial markets globally, including household, food and pharmaceutical, paper, packaging, automotive, construction, and environmental. The company reported global sales of $2.2 billion in 2023. For further information, please visit our website at www.mineralstech.com . Investor Contact: Lydia Kopylova, (212) 878-1831None