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Newmark Arranges $690 Million Refinancing for Sun Belt Multifamily Portfolio on Behalf of West Shore
NEW YORK, Jan. 31 -- Newmark Group posted the following news release:
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Newmark Arranges $690 Million Refinancing for Sun Belt Multifamily Portfolio on Behalf of West Shore
The transaction represents the largest multifamily closing in the U.S. year-to-date[1]
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Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to global corporations, institutional investors, and owners and occupiers, announces the Company has arranged a $690 million loan on behalf of West Shore for the refinancing of 13 multifamily properties spanning Florida,
... Show Full Article
NEW YORK, Jan. 31 -- Newmark Group posted the following news release:
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Newmark Arranges $690 Million Refinancing for Sun Belt Multifamily Portfolio on Behalf of West Shore
The transaction represents the largest multifamily closing in the U.S. year-to-date[1]
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Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to global corporations, institutional investors, and owners and occupiers, announces the Company has arranged a $690 million loan on behalf of West Shore for the refinancing of 13 multifamily properties spanning Florida,Kentucky, South Carolina, Tennessee and Texas. The transaction represents the largest multifamily closing in the U.S. year-to-date.
Newmark Capital Markets Executive Vice Chairman Purvesh Gosalia represented the borrower, West Shore, in securing the cash-out, single-asset single-borrower (SASB) refinancing, which was originated by Citi.
The closing marks Newmark's third SASB transaction with West Shore, totaling $1.8 billion of loan proceeds in the past 15 months, following the firm's $600 million financing of eight multifamily properties in October, and further underscores West Shore's continued momentum and presence among the most active multifamily owners in the Sun Belt region.
"This transaction highlights the strong investor appetite for well-located, institutional-quality multifamily assets across the Southeast and Sun Belt," said Gosalia. "West Shore's portfolio attracted highly competitive financing, reflecting the continued appeal of these markets to institutional capital."
The portfolio comprises 4,077 units across a mix of garden-style and townhome communities, offering one- to three-bedroom floorplans and coveted amenities such as pools, fitness centers, pet parks, clubhouses and outdoor spaces. Assets are located across five Florida cities - Daytona Beach, Gainesville, Melbourne, Ocala and Tallahassee - as well as Columbia and Lexington, South Carolina; Knoxville, Tennessee; and Bryan, Texas.
According to Newmark Research, multifamily debt originations increased 37% year-over-year in 2025. Investor capital continues to concentrate in the Sun Belt markets, which together accounted nearly 45% of investment sales activity in 2025.
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[1] According to Newmark Research, Real Capital Analytics
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About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2025, Newmark generated revenues of over $3.1 billion. As of September 30, 2025, Newmark and its business partners together operated from approximately 170 offices with over 8,500 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
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Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
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Original text here: https://www.nmrk.com/insights/press-releases/newmark-arranges-690-million-refinancing-for-sun-belt-multifamily-portfolio-on-behalf-of-west-shore
[Category: BizReal Estate]
Marcus & Millichap Closes $41 Million Net-Lease Portfolio in the Midwest
ENCINO, California, Jan. 31 -- Marcus and Millichap issued the following news release:
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Marcus & Millichap Closes $41 Million Net-Lease Portfolio in the Midwest
NORWALK, Iowa, Jan. 29, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of the Yellow Brick Road Portfolio: 18 triple-net-leased early childhood development centers in Iowa, Minnesota, and Nebraska. The portfolio sold for $41,587,000.
"We were pleased to execute on behalf of our sellers after
... Show Full Article
ENCINO, California, Jan. 31 -- Marcus and Millichap issued the following news release:
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Marcus & Millichap Closes $41 Million Net-Lease Portfolio in the Midwest
NORWALK, Iowa, Jan. 29, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of the Yellow Brick Road Portfolio: 18 triple-net-leased early childhood development centers in Iowa, Minnesota, and Nebraska. The portfolio sold for $41,587,000.
"We were pleased to execute on behalf of our sellers aftergenerating multiple competitive offers for the portfolio," said Spencer Berkley, director of investments. "Net leased investment activity accelerated meaningfully in 2025, with transaction volume up 26% year over year. Our team is excited to carry that momentum into 2026, and this transaction provides a strong start to the year." Berkley, Mark Ruble, Chris Lind, and Zack House of Marcus & Millichap, in association with Jon Ruzicka, Marcus & Millichap's broker of record in Iowa and Minnesota, and Adam Lewis, the firm's broker of record in Nebraska, represented the sellers, Ben Ditzer and Bob Carlson of Triple Net Capital, and procured the buyer, a Florida-based real estate investment trust.
"The portfolio included a range of lease structures and ownership entities that required a flexible and strategic execution approach to close the transaction," added Berkley. "In total, we brokered the sale of 20 Yellow Brick Road properties as two assets were sold separately to private buyers prior to the sale of the remaining 18 properties. This allowed the seller to execute both individual asset sales and a larger portfolio disposition efficiently."
"This was a smooth and successful transaction, and Spencer and his team played a key role in delivering that result," said Ditzer. "Their understanding of the net lease market and ability to anticipate issues allowed the deal to stay on track and close efficiently." "We were very happy with the outcome," added Carlson.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
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Original text here: https://www.marcusmillichap.com/news-events/press/2026/01/marcus-millichap-closes-41-million-net-lease-portfolio-in-the-midwest
[Category: BizRealEstate]
Littler: Policy Week in Review - January 30, 2026
SAN FRANCISCO, California, Jan. 31 -- Littler, a law firm, issued the following news:
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Policy Week in Review - January 30, 2026
Congressional and Administrative News
At a Glance
The Policy Week in Review, prepared by Littler's Workplace Policy Institute (WPI), sets forth WPI's updates on federal, state, and local matters.
NLRB Division of Advice Recommends Dismissal of Expansive Charges
By Shannon Meade, Jim Paretti, Alex MacDonald, and Maury Baskin
The National Labor Relations Board (NLRB) Division of Advice ("Advice") released a series of memos that recommended dismissal of charges
... Show Full Article
SAN FRANCISCO, California, Jan. 31 -- Littler, a law firm, issued the following news:
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Policy Week in Review - January 30, 2026
Congressional and Administrative News
At a Glance
The Policy Week in Review, prepared by Littler's Workplace Policy Institute (WPI), sets forth WPI's updates on federal, state, and local matters.
NLRB Division of Advice Recommends Dismissal of Expansive Charges
By Shannon Meade, Jim Paretti, Alex MacDonald, and Maury Baskin
The National Labor Relations Board (NLRB) Division of Advice ("Advice") released a series of memos that recommended dismissal of chargesthat appear to have taken expansive views of Biden-era Board precedents. Advice is a department of the Board that provides guidance to regional offices about novel or difficult legal issues. In these memos, Advice recommended that the regional officials dismiss three charges. The first involved a union's claim for recognition in an expanded unit where the union didn't file a failure to bargain charge necessary to get a bargaining order. The second involved a newspaper employee's criticism of the employer on a Slack channel and a related work rule. The third involved an allegedly overbroad non-solicitation provision in a former employee's employment and stock-option agreements. In each case, the charges appeared to expand precedent from the Biden Board to new territory. The memos were published on the Board's website
Separately, NLRB General Counsel Crystal Carey this week issued a memorandum in which she indicated her immediate priority is to reduce the backlog of cases at the Board.
DOL/EBSA Proposes PBM Fee Disclosure Rule
The U.S. Department of Labor's Employee Benefits Security Administration is proposing a regulation that would require providers of pharmacy benefit management (PBM) services and affiliates to disclose information about their compensation to fiduciaries of self-insured group health plans. The proposal states these disclosures are needed to implement President Trump's Executive Order 14273 to lower drug prices and improve employer health plan transparency into the direct and indirect compensation received by pharmacy benefit managers. Comments are due 60 days after publication in the Federal Register.
Although Government Funding Deal Reached, Brief Shutdown Expected
As of this writing, congressional leaders have agreed on a FY2026 funding package that would keep the federal government operating through September 30. The deal includes a two-week continuing resolution to extend current funding levels at the Department of Homeland Security to allow additional time to negotiate spending levels on immigration enforcement measures. However, pursuant to the current continuing resolution, federal funding runs out at midnight tonight. With respect to timing, the Senate is still reviewing various provisions included in the package and it is unclear when they will vote. The House is not in session this week. Therefore, it is most likely that final passage will be delayed until at least Monday or early next week when the House is back in session to approve the funding package and send it to President Trump for his signature. Therefore, it appears as if a short-term federal government shutdown is likely over the weekend into possibly early next week.
The bill includes a total of $13.7 billion for the Department of Labor, with significant allocations to support President Trump's Executive Order 14278, "Preparing Americans for High-Paying Skilled Trade Jobs of the Future," by providing $285 million to support the administration's goal to create one million new apprenticeships; $55 million for job training in rural areas; and $15 million to grow the nation's cybersecurity workforce. Further, the bill reduces funding for the National Labor Relations Board by $5 million.
Upcoming Congressional Hearings
The Senate Health, Education, Labor, and Pensions (HELP) Committee will hold a hearing on February 5 at 10:00AM ET on strengthening Americans' retirement, examining the successes of the Railroad Retirement Board.
The House Committee on Education Workforce will hold the second hearing of its series on artificial intelligence, titled "Building an AI-Ready America: Adopting AI At Work," on February 3, at 10:15AM ET.
The Committee will also hold a field hearing on Disability Employment in Wisconsin on February 13, at 10:15AM CST.
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Shannon Meade
Executive Director, Workplace Policy Institute
Washington, D.C.
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James A. Paretti
Shareholder
Washington, D.C.
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Alexander T. MacDonald
Shareholder
Washington, D.C.
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Maury Baskin
Shareholder
Washington, D.C.
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Original text here: https://www.littler.com/news-analysis/asap/policy-week-review-january-30-2026
[Category: BizLaw/Legal]
GE Vernova Releases 2025 Annual Report and 10-K
CAMBRIDGE, Massachusetts, Jan. 31 (TNSrpt) -- G.E. Vernova, an energy company, posted the following news release on Jan. 30, 2026:
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GE Vernova Releases 2025 Annual Report and 10-K
Yesterday, GE Vernova released its 2025 Annual Report. The report includes a letter to shareholders from our CEO Scott Strazik, and our 2025 10-K. We encourage you to review the materials on our website.
In his letter, Scott outlines the next generational investment opportunity - electric power. "The global energy system is undergoing a major transformation. The world needs more energy, and a larger portion must
... Show Full Article
CAMBRIDGE, Massachusetts, Jan. 31 (TNSrpt) -- G.E. Vernova, an energy company, posted the following news release on Jan. 30, 2026:
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GE Vernova Releases 2025 Annual Report and 10-K
Yesterday, GE Vernova released its 2025 Annual Report. The report includes a letter to shareholders from our CEO Scott Strazik, and our 2025 10-K. We encourage you to review the materials on our website.
In his letter, Scott outlines the next generational investment opportunity - electric power. "The global energy system is undergoing a major transformation. The world needs more energy, and a larger portion mustbe electric power for people and communities around the world to thrive," Scott said. "Put simply, economic competitiveness and national security are dependent on the advancement of reliable, affordable, and sustainable electricity."
He also discusses how we are serving strong markets that are only getting stronger with a focus on operational excellence, strategic investments, and industry-leading customer relationships. "There is no company better positioned to serve and transform the electricity system on a global scale than GE Vernova." Scott continued, "We are a highly diversified electrical equipment and services provider uniquely ready for this growth moment. We are driving operational strength and investing into our manufacturing footprint."
Finally, the letter details five strategic imperatives that define our path to sustained value creation in 2026 and beyond:
1. Highest-Performing Team: Attracting, developing, and motivating top talent with an unapologetic focus on value creation, empowered decision-making, and acting with urgency
2. Profitable Customer Expansion: Strengthening partnerships with major utilities while expanding to high-growth customers across the globe
3. Innovation and Business Development: Creating new revenue streams through R&D investments in core products, high-growth business lines (carbon capture, fuel cells, solid state transformers), and next-generation platforms (SMRs, grid software) with strong return cases
4. Exponential Technology and Data: Deploying AI, automation and robotics to unlock value from our installed base and further employee productivity
5. Operational Excellence and Financial Performance: Executing on Safety, Quality, Delivery, Cost (in that order), maintaining a strong investment-grade balance sheet, and disciplined capital allocation including returning more than one third of cash generation to shareholders
Looking ahead, 2026 will be another important year for GE Vernova and our industry. We thank you for your continued support and investment in our company.
Best,
Michael & team
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A letter from Scott Strazik
Fellow GE Vernova shareholders,
The global energy system is undergoing a major transformation. The world needs more energy, and a larger portion must be electric power for people and communities around the world to thrive. Put simply, economic competitiveness and national security are dependent on the advancement of reliable, affordable, and sustainable electricity. Nations that scale electricity generation and modernize grid infrastructure will unlock faster growth, achieve higher living standards, and develop more competitive industries.
Today only about twenty percent of energy comes from electricity, but many project electricity's proportion of the energy mix to increase by 50% by 2050. This surging demand for electricity is driven by many factors including industrialization, advanced manufacturing, the deployment of data centers for AI, and the electrification of buildings and transport. While drivers vary by country and region, to meet this demand, grid infrastructure also needs to be urgently upgraded and modernized. This is true across the world, it is a global priority in both developed and emerging nations. We see this as the emergence of an investment supercycle that parallels other multi-decade cycles such as globalization or the advent of the Internet.
Energy security and affordability are high on the policy agenda, driving governments to strategically invest into the electric power system. National security and domestic supply chains are dependent on reliable, affordable, and sustainable power. When the electricity system is disrupted, societies and economies are disrupted.
There is clear acknowledgement that the electrical system buildout to support data centers will be the critical enabler of AI. Hyperscalers are seeking to advance electrical power solutions directly with companies like ours, and utilities are developing major capex plans to lead this buildout. The International Energy Agency (IEA) expects data centers worldwide to consume double the amount of electricity by 2030 and triple by 2035 compared to 2024. AI will be a significant driver of electricity demand at unprecedented levels.
While electricity has long been the engine of modern economic development and global prosperity, the scale of projected electricity demand now directly aligns economic growth with decarbonization. As electricity grows its share of the energy system, global carbon emissions will be significantly reduced as it replaces less sustainable forms of energy. At the same time, new investment and capital will unlock innovation, increase manufacturing capacity, and boost supply chain maturity. We are in the early stages of a massive transformation with electricity set to become the backbone of the energy system.
This is why approximately 75,000 people at GE Vernova are focused every hour of every day on a clear mission: electrify to thrive and decarbonize.
Taking all of this together, it is clear that electrification of the world will be one of the most interesting, important, and durable investment opportunities in the coming decades. The growing profit pool from the electric power system is a generational opportunity for value creation.
Our strengths
There is no company better positioned to serve and transform the electricity system on a global scale than GE Vernova. Our customers use our equipment to generate twenty-five percent of the world's electricity--approximately one third of the world's electricity excluding China--and nearly fifty percent of electricity in the United States.
A broad platform of solutions is central to growing the supply of electricity. There is no 'single' solution - it must be a mix across gas power, nuclear, wind, hydro, solar and storage, complemented by significant investments into the grid and software. The right solutions are local and unique to each customer depending on given resources and circumstances and we are well-positioned to offer our customers the solutions that are best for their specific needs. It is increasingly clear than an integrated system which prioritizes reliability, affordability, security, sustainability, and speed is essential. GE Vernova can deliver that platform.
Global customer demand is strong.
Our deep, decades-long relationships with utilities and power producers set GE Vernova apart. We see growing customer demand worldwide - from Saudi Arabia, transitioning from heavy fuel oil, where we secured more than $14 billion of commitments in 2025, to Taiwan, growing infrastructure to support chip manufacturing. In 2025, we signed our first gas new equipment contracts in Mexico in years, building on our large installed base in the country. We secured strong HA gas turbine orders in Malaysia, Poland, Mexico, and Kuwait, while rapidly growing grid equipment orders in Saudi Arabia, Iraq, Algeria, and Germany, and wind equipment orders in Australia, India, and Romania.
Nuclear has real momentum from North America to Poland, Sweden, and Finland. We made progress in the deployment of our first small modular reactor at the Darlington site in Ontario, Canada, where we began construction in the spring, with hundreds of workers now onsite every day. In late 2025, we announced a Memorandum of Understanding with the U.S. and Japanese governments to develop small modular reactors worth up to $100 billion. My conviction in the future value of our nuclear business continues to grow.
Gas power, which offers an ideal balance of speed, cost, performance, and scale that customers need, is in high demand. As an example, in Australia, gas power is critical in balancing the grid as renewable energy penetration grows rapidly across the country. Gas is also playing an important role as a baseload and flexible source of electrons - it also complements the demand profile needed for data centers. On a per-gigawatt basis, the two biggest costs for data centers will be for the chips and the power generation and electrical equipment, each at a premium relative to other building costs. The buildout of data centers will be a significant driver of gas turbine demand moving forward, and GE Vernova will offer substantial value to these customers who need electrons at unprecedented speed and scale.
GE Vernova can provide bridge power solutions today, while enabling conversations on more efficient heavy duty gas turbines, small modular reactors and carbon capture into the next decade. We continue to grow and expand our customer relationships with hyperscalers and other strategic electro-intensive industries. In the fourth quarter of 2025, we delivered our largest quarter of direct orders from hyperscalers in our Electrification segment; our grid equipment order growth is one of the most exciting parts of the GE Vernova story. Strong global customer demand for grid products ranging from switchgear, transformers, and synchronous condensers driven by renewable energy integration, industrialization, and other factors are all key growth areas for us.
With slower growth expected in the U.S. onshore wind market, our Wind segment is focused on executing our strategy which includes closing deals in key countries with strong services opportunities, expanding our repowering support in the U.S., delivering on our workhorse turbine platform, and executing our offshore backlog. We are confident in our focus here.
While our position as an American company enables us to invest and build on our leadership position in the U.S., we are also investing in our global footprint across our businesses. Delivering solutions that meet our customers' specific needs is where we create value, and we are serving strong markets that are only getting stronger.
Operating from a position of financial strength.
GE Vernova delivered strong performance in 2025. Our healthy and growing backlog grew more than 25 percent to $150 billion, up $31 billion in 2025, providing shareholders visibility to increasing revenue and earnings. Our equipment margins in backlog increased significantly in 2025, building on strong growth from 2024. Our financial strategy remains unchanged driven by disciplined top line growth, solid underwriting, and continued growth in services. In 2025, GE Vernova delivered orders of $59 billion, revenue of $38 billion, adjusted EBITDA* of $3.2 billion, and free cash flow* of $3.7 billion.
We executed on our capital allocation principles with our strong investment grade balance sheet, including investing for organic growth, returning one third of cash generation to shareholders, and targeted M&A. We maintain a robust cash position bolstered in 2025 by strategic moves to generate cash, simplify our portfolio, and invest in our core businesses. Since the spin, we've created approximately $2.5 billion from completed or announced dispositions simplifying the portfolio with negligible financial trade-offs. These moves allowed us to reinvest in our core with the acquisition of Woodward's combustion parts business to scale our Gas Power supply chain buildout and our announced acquisition of the remaining 50% stake of our Prolec GE joint venture with Xignux for $5.3 billion. These are highly accretive acquisitions in our fastest growing businesses that will further empower us to accelerate growth and expand margins in our core.
We returned $3.6 billion of capital to shareholders through share repurchases and dividends in 2025. Given our strong cash position and growth trajectory, in December, we doubled our annual dividend to $2 per share and increased our buyback authorization from $6 billion to $10 billion.
We continue to accelerate our cost reduction plans to reach $600 million of G&A cost out by 2028 or earlier, and we do not expect to stop there.
Our strong business model is built on a vast installed base
with growing services.
Vernova maintains an installed base of more than 7,000 gas turbines--the largest in the world--and 59,000 wind turbines. Our installed base, when combined with our existing $86 billion services backlog, positions GE Vernova to grow our services revenue in the coming years.
In Electrification, our equipment backlog has more than quadrupled to $35 billion in just four years--and we expect this backlog to double again by 2028. This is a primary driver for our growth story which is not tied to any one power generation source. We are also expanding into new adjacencies--such as providing equipment directly within data centers.
Our high-margin services backlog will deliver significant free cash flow* to reinvest organically. We see substantial growth in both Electrification and services.
We are a highly diversified electrical equipment and services provider uniquely ready for this growth moment.
We are driving operational strength and investing into our manufacturing footprint.
Our focus is to maximize output from our existing factories through the deployment of lean lines, robotics, and advanced automation. Lean continues to enable us to increase output. Lean is embedded in our culture and drives our operational execution every day, and while we are pleased with our progress, we are still early in this journey.
We are investing $11 billion for the future in capex and R&D from 2025 through 2028, including $1 billion for Prolec GE from 2026 to 2028.
In 2025, we've hired more than 1,500 incremental production workers across the U.S. in our Power and Electrification segments to grow capacity and increase output from our same factory footprint. Every Monday, two dozen new employees show up ready to work in our U.S. factories. New U.S. labor contracts provide healthy raises for our workers and add weekend shifts to increase our output.
We are investing in our factories. In Greenville alone, we have installed over two hundred new machines this year and will invest in two hundred more in 2026. Across our grid factories in Pennsylvania, we are investing more than $100 million over the next two years and adding seven hundred jobs to manufacture more high voltage switchgear products, which are critical components for stable and reliable grid infrastructure.
In Southeast Asia, we are investing $20 million to develop next-generation repair capabilities for HA gas turbines at our Global Repair Service Center in Singapore. In Hungary, we are increasing plant capacity while improving technology and site energy efficiency.
In 2026, we will continue to assess and deploy investments into factories that have demonstrated an ability to fully utilize lean to eliminate waste and, with that, earn the right for future capex.
Our Advanced Research Center is focused on scaling horizontal application of AI and robotics across GE Vernova to increase productivity. We are also developing, industrializing and scaling new businesses and innovating breakthrough products including carbon capture, fuel cells, and solid state transformers for data centers. R&D investments also include our small modular reactor and grid software platform, both of which we expect to deliver strong returns in the next decade. These are not hobbies; we have significant ambition to develop and grow these revenue streams.
As a team, we have benefitted from the significant momentum created by GE Vernova in 2025, and we are giving back to the global communities where we live and work.
In 2025, the GE Vernova Foundation advanced our two priorities, creating the STEM workforce of the future and building more resilient communities, while growing our global presence. We now have programming in thirty countries and have reached close to nine thousand learners, launching initiatives in communities where GE Vernova operates to help develop the talent needed for a more sustainable energy future. With strong momentum behind us, we remain focused on our goal to train thirty thousand students and learners by 2030 providing them with the skills and knowledge to excel in the energy industry.
GE Vernova also committed to invest $50 million over five years as part of an alliance with the Massachusetts Institute of Technology (MIT) to accelerate cutting-edge technologies and foster the next generation of power industry leaders. We are working with MIT to bring together faculty, researchers, and students to address some of the most pressing challenges in energy and climate technology while developing the energy sector's future workforce, with GE Vernova funding thirteen projects on cutting-edge research. I begin each day incredibly excited knowing we are creating the next generation of energy leaders who will work on solving some of the world's greatest challenges. We are committed to investing in programs and opportunities to help grow skills and encourage future leaders to choose careers in the energy sector.
In December, we set a new GUINNESS WORLD RECORD(TM) for the Largest Online Toy Drive in 24 Hours, aimed at inspiring the next generation of STEM leaders. We are reinvesting into global communities--from our sponsorship of Greenville, South Carolina's Triumph soccer team, and Saratoga Springs, New York's Jazz Festival, to the construction of a community center in Tunuyan, Argentina--and working to make an impact all over the world.
2025 is an early stage of this multi-decade transformation of our electrical system. Opportunities abound for GE Vernova to create long-term value. We are building a unique, purpose-built, differentiated company that provides investors the best opportunity to gain exposure to the electricity supercycle.
Path forward
Our path forward is driven by GE Vernova's strategic imperatives
Our first priority is building and motivating the Highest-Performing Team to achieve our goals. Our teams are run with an unapologetic focus on prioritizing what creates value, while eliminating work that doesn't. We will attract, develop, energize, motivate, and compensate top talent to deliver results. Our teams are empowered to make decisions and act with urgency. We will continue to upskill and develop our talent and culture, all while committing to fatality-free operations.
Second, we will drive Profitable Customer Expansion by creating valuable solutions and growing and investing in our relationships with current and new customers. We have strong partnerships with many of the world's largest utilities in the most important markets and we will strengthen these while we expand our support for new high-growth customer archetypes including hyperscalers, data center developers, private equity, engineering, procurement and construction firms (EPCs) and oil and gas companies. We are investing in the U.S., Europe, Saudi Arabia, India, and other important markets to support our customers.
Third, we will deliver Innovation and Business Development for Durable and Diversified Revenue. We are creating new revenue streams by investing significantly in R&D and driving a multi-pronged innovation strategy that will enhance our core products, accelerate high-growth business lines, and develop next-generation technology platforms. We are balancing short-term competitiveness with long-term growth across products and markets, underpinned by a strong return case for every dollar invested
Fourth, we will harness Exponential Technology and Data for Breakthrough Impact to fundamentally transform how the company operates, from product design and engineering to delivery and customer service. Our large installed base generates significant proprietary data which when combined with significant investments in AI can unlock enormous value for GE Vernova and our customers. We are early in our deployment of automation and robotics but are making meaningful advances every year, and we will arm our employees with AI assistants to drive further productivity. As an organization, GE Vernova will become faster, more efficient, and more effective as we deliver this transformation.
Fifth, we will underpin this with Operational Excellence and Financial Performance. Our efforts are guided by Safety, Quality, Delivery, and Cost--in that order--and we will assess every one of our sites on lean practices, capacity, infrastructure, and capability. Operational excellence around quality remains a key continuous improvement opportunity for the company. In 2025, GE Vernova launched the Zero-Defect Framework, which is our roadmap to deliver best-in-class customer value through the quality of our products, services, and solutions. We are delivering for customers, shareholders, and our team as we enter this period of sustained, rapid growth.
Just the Beginning
The electrical sector is in the early stages of a multi-decade journey, one with massive global and societal implications. It is also early for GE Vernova: we delivered a productive 2025 and created significant value for customers, shareholders, and our team--but it is just a start.
2026 will be another important year for GE Vernova and our industry. We enter the year with great optimism and a clear sense of pragmatic purpose and responsibility. While we delivered much in 2025, what excites me every day is our potential for the future.
I'm proud and humbled by all we've accomplished as a team and company in 2025. Thank you to our GE Vernova team of approximately 75,000 employees across the world.
Thank you for your investment in our company and for your continued support - we are just getting started.
Scott Strazik
President and CEO, GE Vernova
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FORWARD-LOOKING STATEMENTS
This document includes forward-looking statements. Please reference the "Forward-Looking Statements" section of the Form 10-K included in this Annual Report to Stockholders.
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NON-GAAP FINANCIAL MEASURES
We sometimes use information derived from consolidated financial data but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered "non-GAAP financial measures" under the U.S. Securities and Exchange Commission rules. These non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure. The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures can be found in the Management's Discussion and Analysis section within our Form 10-K and in GE Vernova's fourth quarter 2025 earnings materials posted to gevernova.com/investors, as applicable
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REPORT: https://www.gevernova.com/sites/default/files/gevernova_2025_annual_report.pdf
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Original text here: https://www.gevernova.com/news/articles/ge-vernova-releases-2025-annual-report-10-k
[Category: BizEnergy]
Danish Crime Series 'The Asset' Returns for a Second Season
LOS GATOS, California, Jan. 31 -- Netflix, a content provider, issued the following news on Jan. 30, 2026:
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Danish Crime Series 'The Asset' Returns for a Second Season
* Today, Netflix announced the renewal of the Danish crime series The Asset following the work of a young agent who goes undercover to befriend a drug smuggler's wife.
* The first season premiered on October 27, 2025 and quickly became popular worldwide. In its first week, it reached No. 1 in 52 countries and top 10 in 90 countries, with 11.3 million views.
* The second season brings back returning cast members Clara Dessau,
... Show Full Article
LOS GATOS, California, Jan. 31 -- Netflix, a content provider, issued the following news on Jan. 30, 2026:
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Danish Crime Series 'The Asset' Returns for a Second Season
* Today, Netflix announced the renewal of the Danish crime series The Asset following the work of a young agent who goes undercover to befriend a drug smuggler's wife.
* The first season premiered on October 27, 2025 and quickly became popular worldwide. In its first week, it reached No. 1 in 52 countries and top 10 in 90 countries, with 11.3 million views.
* The second season brings back returning cast members Clara Dessau,Maria Cordsen, Afshin Firouzi, and Nicolas Bro, among others, who will encounter their greatest challenges yet in the fight for survival and justice.
* Conceptual Director, Samanou Acheche Sahlstrom, says: It's truly heartwarming to see how well The Asset has been received. We're thrilled for the opportunity to dive deeper into each character and unfold their stories for our viewers. This second season turns everything upside down as Tea and Ashley's worlds collide once again and new challenges push them to their breaking point.
* The production of the second season of the series will start in Copenhagen in 2026.
ABOUT THE ASSET SEASON 2
* Cast: Clara Dessau, Maria Cordsen, Afshin Firouzi, Nicolas Bro, Soheil Bavi, among others
* Conceptual Director: Samanou Acheche Sahlstrom
* Producers: Jacob Jarek, Marta Mleczek & Matilda Appelin
* Head Writers: Frederik Ringtved & Samanou Acheche Sahlstrom
* Episode Writers: Johanne Algren, Oscar Giese & Christian Bengtson
* Production Company: Profile Pictures
For more information, please visit www.netflix.com/legenden // www.netflix.com/theasset
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Original text here: https://about.netflix.com/en/news/the-danish-crime-series-the-asset-returns-for-a-second-season
[Category: Media]
BMJ Group: Expert Warning Over Hidden Health Effects of US Trade Tariffs
LONDON, England, Jan. 31 (TNSjou) -- BMJ Group issued the following news release about their journal \"The BMJ\":
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Expert warning over hidden health effects of US trade tariffs
The US government's assertive use of import tariffs means the health implications of trade policy can no longer be sidelined, say experts
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Greater attention must be paid to both the direct and indirect health effects of trade tariffs including access to medicines, food costs, and employment conditions, warn experts (https://www.bmj.com/content/392/bmj-2025-086271) in The BMJ today.
Courtney McNamara at Newcastle
... Show Full Article
LONDON, England, Jan. 31 (TNSjou) -- BMJ Group issued the following news release about their journal \"The BMJ\":
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Expert warning over hidden health effects of US trade tariffs
The US government's assertive use of import tariffs means the health implications of trade policy can no longer be sidelined, say experts
*
Greater attention must be paid to both the direct and indirect health effects of trade tariffs including access to medicines, food costs, and employment conditions, warn experts (https://www.bmj.com/content/392/bmj-2025-086271) in The BMJ today.
Courtney McNamara at NewcastleUniversity and Benjamin Hawkins at the University of Cambridge say given how deeply trade policy shapes the conditions for health, "health considerations must be treated as integral to trade policy rather than a peripheral concern."
Robust research shows how trade policy can influence factors such as access to medicines, exposure to harmful commodities like tobacco products, availability and affordability of food, and wider determinants of health such as employment, they explain.
And although the US could see benefits if domestic jobs are protected or demand for unhealthy imports is reduced, evidence suggests short term harms, both in and outside the US, through higher medicine costs, volatile food prices, and increased economic uncertainty, they add.
Yet effects on health are often neglected in trade policymaking, say the authors.
Trade agreements, for example, are often negotiated behind closed doors, are highly technical, and couched in esoteric legal terminology, making it hard for public health professionals and the wider public to engage with or scrutinise their implications, they write.
What's more, the effects of these agreements are often diffuse, indirect, and only become evident over time, making their health effects hard to isolate or attract meaningful attention from health advocates.
They argue that the US tariffs should serve as a wake-up call for the health community and that health representatives need to be involved at all stages of trade policymaking, not only to advance and protect public health but also to counter the influence of powerful commercial interests.
They acknowledge that it's not easy to embed health considerations within formal trade policymaking, but say academics and researchers have a key role in generating systematic evidence of--and attention to--the health effects of trade policy.
At the same time, they point out that trade policymakers must recognise that protecting health is not only compatible with trade objectives, but also essential to their legitimacy and long term success.
"Ensuring that trade decisions support health is not only the right thing to do, but a strategic imperative for building resilient economies," they conclude.
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Notes for editors
Analysis: Why US import tariffs matter for health doi: 10.1136/bmj-2025-086271
Journal: The BMJ
Link to Academy of Medical Sciences press release labelling system: http://press.psprings.co.uk/AMSlabels.pdf
Externally peer reviewed? Yes
Evidence type: Analysis
Subject: Trade tariffs
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Original text here: https://bmjgroup.com/warning-over-hidden-health-effects-of-us-trade-tariffs/
[Category: BizMedia]
BAE Systems Expands Utah Footprint
ARLINGTON, Virginia, Jan. 31 -- BAE Systems issued the following news release:
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BAE Systems expands Utah footprint
BAE Systems expands presence in Utah to fuel innovation, grow local talent and strengthen support for critical national security mission
BAE Systems announced the opening of its new office in Utah, marking an expansion of the company's local footprint and continued investment in the state's workforce, economy and innovation ecosystem.
Located just north of Salt Lake City, the new facility will serve as a hub for Intercontinental Ballistic Missile sustainment and modernization
... Show Full Article
ARLINGTON, Virginia, Jan. 31 -- BAE Systems issued the following news release:
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BAE Systems expands Utah footprint
BAE Systems expands presence in Utah to fuel innovation, grow local talent and strengthen support for critical national security mission
BAE Systems announced the opening of its new office in Utah, marking an expansion of the company's local footprint and continued investment in the state's workforce, economy and innovation ecosystem.
Located just north of Salt Lake City, the new facility will serve as a hub for Intercontinental Ballistic Missile sustainment and modernizationefforts, providing a state-of-the-art workspace for engineering, digital transformation and mission operations teams. The expansion reflects BAE Systems' long-term commitment to supporting key national security missions conducted in Utah while strengthening collaboration with local partners.
"Utah has become a hub for innovation and talent, and this new office represents our continued investment in the people and capabilities that drive the mission forward," said Jenn Galloway, Integration Support Contract director at BAE Systems. "Expanding here allows us to strengthen capability delivery, and ensure the U.S. maintains readiness for strategic deterrence."
This expansion is a testament to BAE Systems' long-term commitment to Utah and its people. For the 8th consecutive year, the company has been recognized as one of The Salt Lake Tribune's Top Workplaces, a distinction that reflects the feedback of employees who value its culture, engagement and satisfaction. The new office will continue to drive innovation and contribute to the region's growing defense and technology sectors.
The opening of the new location was celebrated with a ribbon-cutting ceremony on Wednesday, January 28, 2026, bringing together leaders and community partners to mark this significant occasion.
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Original text here: https://www.baesystems.com/en/article/bae-systems-expands-utah-footprint
[Category: BizNational Defense]
