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Soup Season Heats Up: Aramark SeniorLIFE+ Chefs at Asbury Communities, Inc. Warm Winter With Soup Competition
PHILADELPHIA, Pennsylvania, Jan. 31 -- ARAMARK, a provider of food, facilities, refreshments, hospitality and supply chain services, issued the following news release:* * *
Soup Season Heats Up: Aramark SeniorLIFE+ Chefs at Asbury Communities, Inc. Warm Winter with Soup Competition
As the cold temperatures dipped across the Northeastern part of the country this January, Aramark SeniorLIFE+ chefs from across Asbury Communities, Inc. fired up their stovetops for the inaugural Great Soup-Off Competition, a friendly culinary challenge designed to spotlight creativity, cultural storytelling, and ... Show Full Article PHILADELPHIA, Pennsylvania, Jan. 31 -- ARAMARK, a provider of food, facilities, refreshments, hospitality and supply chain services, issued the following news release: * * * Soup Season Heats Up: Aramark SeniorLIFE+ Chefs at Asbury Communities, Inc. Warm Winter with Soup Competition As the cold temperatures dipped across the Northeastern part of the country this January, Aramark SeniorLIFE+ chefs from across Asbury Communities, Inc. fired up their stovetops for the inaugural Great Soup-Off Competition, a friendly culinary challenge designed to spotlight creativity, cultural storytelling, andthe power of warm, comforting food to bring those in senior living communities together.
"We launched this soup competition to inspire chefs to share their creativity in a meaningful way, crafting dishes influenced by lived experiences," said Dan Soley, Aramark SeniorLIFE+ Regional Executive Chef. "Since winter calls for comfort, we chose the perfect winter comfort food: soup, which is seasonal, cozy, and made for bringing people together."
Part of Aramark SeniorLIFE+'s ongoing commitment to elevating resident experience through fresh, thoughtful, and culturally expressive dining, the Great Soup-Off competition invited chefs from across Asbury Communities to submit soup recipes rooted in personal history, regional traditions, or global flavors.
Showcasing Talent Across Asbury Communities
Multiple Aramark SeniorLIFE+ chefs from among the five Asbury Communities the company serves participated, each bringing forward a soup that reflects their background, expertise, or culinary curiosity.
The winner of the inaugural Great Soup-Off was Asbury Normandie Ridge Executive Chef Anthony Mone with his interpretation of Sancocho soup.
"This dish instantly brings me back to rainy days in Guanica, Puerto Rico, watching my grandmother prepare her famous Sancocho," said Chef Mone. "It's the reason I fell in love with cooking and pursued a career in the culinary arts."
Chef Mone's winning dish was built on a hearty combination of beef chuck and chicken thighs, marinated with sofrito, garlic, oregano, adobo, and sazon. His recipe layers multiple starches--yuca, plantain, sweet potato, yautia, kabocha squash, and corn--to create a deeply comforting, slow simmered soup.
The winner of the inaugural Great Soup-Off was Asbury Normandie Ridge Executive Chef Anthony Mone with his interpretation of Sancocho soup.
Asbury Bethany Village
* Executive Chef Jon Ritt, "Mulligatawny Soup"
Asbury Methodist Village
* Park View: Executive Chef Sam Brown, "Hot & Sour Soup"
* Wilson & Kindley: Executive Chef Zuberu Kawah, "Butternut Squash Bisque"
* Hefner: Executive Chef Sainey Sanyang, Lobster Bisque
Asbury Springhill
* Executive Chef Jessica Hess, Fiskisupa (Icelandic Fish Soup)
* Chef Manager Michelle Sayers, Smoked Sausage Tortellini Soup
Asbury Solomons
* Chef Maria Lopez - "Marry Me" Chicken Soup
Celebrating Culinary Creativity in Senior Living
The Asbury Great Soup-Off Competition is the latest expression of Aramark SeniorLIFE+'s mission to elevate senior living dining through:
* Creative menu development rooted in chef expertise helps ensure meals are both appealing and nutritionally balanced--an essential driver of consistent mealtime participation.
* Cultural and regional storytelling through food creates meaningful dining experiences that foster social connection, encouraging residents and associates to bond over shared meals.
* Innovation in cuisine that balances nutrition and delight supports better intake of essential vitamins and minerals through fresh, colorful, approachable foods.
* A focus on seasonality, ensuring residents enjoy fresh, timely ingredients that support flavor and overall wellness.
Aramark SeniorLIFE+ chefs are strengthening the dining experience across Asbury and other communities Aramark SeniorLIFE+ serves, introducing residents to global flavors while reflecting and respecting individual culinary traditions through their creative expertise.
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Original text here: https://www.aramark.com/newsroom/news/2026/january/soup-season-heats-up--aramark-seniorlife--chefs-at-asbury-commun
[Category: BizConsumer Servicers]
Pioneering Alzheimer's Research Labs Hold Initial Open House in Sun City
PHOENIX, Arizona, Jan. 31 -- Banner Health issued the following news release:* * *
Pioneering Alzheimer's research labs hold initial open house in Sun City
Ribbon cutting, tour of new labs for biomarker blood tests highlight day
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SUN CITY, Ariz. (Jan. 30, 2026) - Some of the worldwide leading research in more accessible - and affordable - testing for Alzheimer's disease is being done in Arizona.
New research laboratories dedicated to revolutionizing the diagnosis and treatment of Alzheimer's disease and related brain disorders were on display Friday at the Banner Sun Health Research Institute ... Show Full Article PHOENIX, Arizona, Jan. 31 -- Banner Health issued the following news release: * * * Pioneering Alzheimer's research labs hold initial open house in Sun City Ribbon cutting, tour of new labs for biomarker blood tests highlight day * SUN CITY, Ariz. (Jan. 30, 2026) - Some of the worldwide leading research in more accessible - and affordable - testing for Alzheimer's disease is being done in Arizona. New research laboratories dedicated to revolutionizing the diagnosis and treatment of Alzheimer's disease and related brain disorders were on display Friday at the Banner Sun Health Research Institutein Sun City.
"These labs will serve as a destination center for researchers worldwide, accelerating the development of blood tests that can transform how we diagnose and treat Alzheimer's disease and other neurodegenerative disorders," said Nicholas Ashton, PhD, senior director of the Fluid Biomarker Program at the Institute and an internationally recognized leader in his field. "Our goal is to make these tests as simple as a finger prick, bringing life-changing diagnostics from specialized research centers into communities everywhere."
Alzheimer's disease is usually confirmed through brain scans or spinal fluid tests, which are both invasive and expensive. Blood tests that measure biomarkers are poised to revolutionize the fight against conditions like Alzheimer's, Parkinson's, and related diseases, providing more accurate and accessible tools for detection. The two state-of-the-art research labs, established by Banner for the discovery and widespread study of these diseases, already are having profound impact on the role of blood tests in research and clinical care.
"We are thrilled to have Dr. Ashton and his research colleagues here in Arizona, such that they and their colleagues and collaborators have the chance to make a transformational difference in the scientific and clinical fight against Alzheimer's and other age-related memory and movement disorders together," said Eric Reiman, MD, chief executive officer of Banner Alzheimer's Institute and Banner Sun Health Research Institute.
The Michael T. Zuendel Family Biofluid Lab and the Kuhle Family Biomarker Discovery Lab represent one of the few facilities worldwide where biomarker blood tests and cerebrospinal fluid (CSF) assays are both developed and engineered for large-scale deployment. Led by Dr. Ashton, who made major contributions to biofluid research at the University of Gothenburg in Sweden, the Fluid Biomarker Program is developing and validating biological markers in bodily fluids to support early detection of neurodegenerative diseases, cancer and autoimmune disorders. The program spans the full spectrum from biomarker discovery to clinical implementation, serving academic and industry partners worldwide.
The labs offer compelling visual elements showcasing cutting-edge scientific equipment and researchers at work developing the next generation of diagnostic tools for brain diseases and other conditions.
Two families each contributed $1 million to the Banner Alzheimer's Foundation in 2025, accelerating scientific breakthroughs that will transform how we diagnose and treat Alzheimer's and related brain diseases. The Michael T. Zuendel Family Biofluid Lab will provide rapid, rigorous and scalable blood and CSF biomarker assays, helping researchers characterize and compare the accuracy of emerging tests. The Kuhle Family Biomarker Discovery Lab will discover and validate new biomarkers and lead the development of highly scalable pinprick "plasma spot" assays.
The labs are developing groundbreaking plasma spot assays from simple finger-prick blood samples for a range of conditions. Among the program's most ambitious goals is creating the first blood tests for Lewy body disease and Chronic Traumatic Encephalopathy (CTE), a progressive brain disease affecting athletes, military personnel and others who experience repeated head impacts.
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About Banner Sun Health Research Institute
Since 1986, Banner Sun Health Research Institute, part of nonprofit Banner Health, has been a leader nationally and internationally in the effort to find answers to disorders of aging including Alzheimer's and Parkinson's disease. The institute's Cleo Roberts Center for Clinical Research takes laboratory discoveries to clinical trials that foster hope for new treatments. Banner Health is Arizona's leading health care provider and largest private employer. For more information, visit bannershri.com or visit us on Facebook.
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Original text here: https://www.bannerhealth.com/newsroom/press-releases/sun-health-labs-opening
[Category: Health Care]
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:* * *
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]
*
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: * * * 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] * 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 Brokers $5.9M Sale of Net-Leased Retail Property in Miami
ENCINO, California, Jan. 31 -- Marcus and Millichap issued the following news release:* * *
Marcus & Millichap Brokers $5.9M Sale of Net-Leased Retail Property in Miami
MIAMI, 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 $5.9 million sale of a single-tenant sale-leaseback asset at 11035 SW 40th St. in Miami, Florida. The site is occupied by Pinch A Penny Pool Patio Spa, a franchise retailer of pool and spa supplies and services.
Jonathan De La ... Show Full Article ENCINO, California, Jan. 31 -- Marcus and Millichap issued the following news release: * * * Marcus & Millichap Brokers $5.9M Sale of Net-Leased Retail Property in Miami MIAMI, 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 $5.9 million sale of a single-tenant sale-leaseback asset at 11035 SW 40th St. in Miami, Florida. The site is occupied by Pinch A Penny Pool Patio Spa, a franchise retailer of pool and spa supplies and services. Jonathan De LaRosa and Nick Hassan, investment specialists in Marcus & Millichap's Miami office, exclusively marketed the property on behalf of the seller, RALU Corporation. The buyer, Bird Road 110 LLC, was procured by Eddie Toledo of Marcus & Millichap in an all-cash transaction
"The sale of 11035 Bird Road was a win for both the buyer and seller," said Hassan, associate investments. "The property has operated as a Pinch A Penny Pool Supply for over 35 years and will continue operating for years to come. Bird Road remains one of Miami-Dade County's most sought-after retail corridors, supported by strong demographics and high traffic counts that continue to drive investor interest in long-term, stable cash flow."
The 9,298-square-foot property sits on a 30,200-square-foot parcel with 39 parking spaces and is positioned along Bird Road, one of Miami's busiest retail corridors, with traffic counts exceeding 45,000 vehicles per day. The asset is secured by a new 15-year absolute net lease and is located less than two miles from Florida International University and less than one mile from Kendall Hospital.
Pinch A Penny was founded in 1975 in Clearwater, Florida, and has grown to more than 300 locations nationwide.
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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/2026/01/1-29-pinch-a-penny
[Category: BizRealEstate]
Littler Issues Commentary: 9th Circuit Finds DHS Overstepped in Terminating TPS
SAN FRANCISCO, California, Jan. 31 -- Littler, a law firm, issued the following commentary on Jan. 30, 2026:* * *
9th Circuit Finds DHS Overstepped in Terminating TPS
By Tasneem Zaman, Shin-I Lowe, and George Michael Thompson
On January 28, 2026, the U.S. Court of Appeals for the Ninth Circuit affirmed the lower court's decision in National TPS Alliance v. Noem, that Department of Homeland Security (DHS) Secretary Kristi Noem overstepped her authority by vacating the previously granted Temporary Protected Status (TPS) designations for Venezuela and terminating early TPS for Haiti, which is ... Show Full Article SAN FRANCISCO, California, Jan. 31 -- Littler, a law firm, issued the following commentary on Jan. 30, 2026: * * * 9th Circuit Finds DHS Overstepped in Terminating TPS By Tasneem Zaman, Shin-I Lowe, and George Michael Thompson On January 28, 2026, the U.S. Court of Appeals for the Ninth Circuit affirmed the lower court's decision in National TPS Alliance v. Noem, that Department of Homeland Security (DHS) Secretary Kristi Noem overstepped her authority by vacating the previously granted Temporary Protected Status (TPS) designations for Venezuela and terminating early TPS for Haiti, which isschedule to end on February 3, 2026.
The three-judge panel held that Noem's actions were unlawful as her determination that each country no longer continues to meet the conditions for TPS designation was not reached in accordance with procedures established by Congress under the relevant TPS statue (8 U.S.C. Sec. 1254a). It is crucial to highlight that this ruling is one of several circuit court decisions that have addressed the legal issues central to the ongoing TPS litigation.
Implications of the Ninth Circuit Decision
Although this ruling pertains to the legality of the termination of TPS for Haiti and Venezuela, it is unlikely to have any immediate effect on TPS beneficiaries and thus should not be relied upon as a basis for employers to restore TPS protections for such individuals. This is primarily due to the Supreme Court's October 2025 Order in Noem v. National TPS Alliance, which stayed the district court's previous orders that provided emergency relief to TPS beneficiaries. The DHS secretary's revocation order remains in effect as the legal process unfolds. It is anticipated that the DHS will immediately appeal the Ninth Circuit's decision for Supreme Court review.
Littler will monitor any subsequent legal actions taken regarding TPS and will provide updates as they become available.
* * *
Tasneem Zaman
Senior Counsel
Washington, D.C.
* * *
Shin-I Lowe
Shareholder
Miami
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George Michael Thompson
Special Counsel
Washington, D.C.
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Original text here: https://www.littler.com/news-analysis/asap/9th-circuit-finds-dhs-overstepped-terminating-tps
[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:* * *
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: * * * 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]
Fred Armisen to Host CNN Original Series Unearthing Treasures and Behind-the-Scenes Stories From the World's Largest Music Archive
ATLANTA, Georgia, Jan. 31 [Category: BizMedia] -- CNN posted the following news:* * *
Fred Armisen to Host CNN Original Series Unearthing Treasures and Behind-the-Scenes Stories From the World's Largest Music Archive
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January 31st, 2026
Production from Universal Music Group, Time Studios, Polygram Entertainment and Known Originals
LOS ANGELES - (January 31, 2026) - CNN and Universal Music Group (UMG) announced today that Peabody Award-winning comedian, actor, writer and musician Fred Armisen will lead a new CNN Original Series. The untitled music docuseries will give fans an unprecedented, ... Show Full Article ATLANTA, Georgia, Jan. 31 [Category: BizMedia] -- CNN posted the following news: * * * Fred Armisen to Host CNN Original Series Unearthing Treasures and Behind-the-Scenes Stories From the World's Largest Music Archive * January 31st, 2026 Production from Universal Music Group, Time Studios, Polygram Entertainment and Known Originals LOS ANGELES - (January 31, 2026) - CNN and Universal Music Group (UMG) announced today that Peabody Award-winning comedian, actor, writer and musician Fred Armisen will lead a new CNN Original Series. The untitled music docuseries will give fans an unprecedented,behind-the-scenes look into Universal Music Group's vaults, which form the world's largest music archives. Produced by UMG's film and television division Polygram Entertainment, TIME Studios and Known Originals, the CNN Original Series will premiere later this year as part of CNN Originals' anticipated 2026 programming slate.
With Armisen as their dynamic and knowledgeable host, viewers will explore pivotal moments in pop culture, and the stories of the iconic artists and songwriters who changed the course of history. UMG's archives include a massive, highly secure vault within the Iron Mountain facility in Boyers, Pennsylvania, located 220 feet underground in a former limestone mine. The series will unearth priceless artifacts, encompassing original recordings, master tapes, rare photos and performances, alternative album art and music videos, many of which have not been seen or heard publicly before.
"This series opens the doors to one of the most extraordinary music archives in the world, and Fred Armisen is the perfect guide," said Amy Entelis, executive vice president of talent, CNN Originals and creative development for CNN Worldwide. "His deep connection to music and natural sense of wonder allow viewers a chance to experience music history up close, discovering the unexpected stories behind some of the most iconic sounds ever created."
Will Tanous, EVP and Chief Administrative Officer at Universal Music Group, and Executive Producer said, "This series was born from a desire to show fans what it's like to mine the greatest underground musical archive in the world - giving them a sense of the hunt, the challenge, the thrill of this work - as well as direct access to the dedicated experts who preserve and champion these incredible musical legacies. Fred's singular blend of humor, fandom, and musical talent make him the ideal storyteller to reveal the intimate era-defining moments and unheard gems that form the foundation of popular culture."
This series extends CNN Originals' award-winning tradition of celebrating legendary artists and music history, joining a library of premium programming streaming on the CNN app.
Executive producers for the series are Fred Armisen; Will Tanous and David Blackman for UMG; Amy Entelis, Lyle Gamm and Katie Hinman for CNN Original Series; Jeff Smith for Time Studios; Doug Pray. The series is produced by Nicole Avant and Brad Roth; co-producers are Bruce Resnikoff and Madeline Post for UMG. Executive Producer Ted Skillman will also serve as show runner.
About CNN Originals
The CNN Originals group develops, produces and acquires original, long-form unscripted programming for CNN Worldwide. Amy Entelis, executive vice president of talent, CNN Originals and creative development, oversees the award-winning CNN Originals portfolio that includes the following premium content brands: CNN Original Series, CNN Films, CNN FlashDocs, and CNN Studios, an internal production studio which creates long-form programming for CNN's global platforms. Since 2012, the team has overseen and executive produced more than 50 multi-part documentary series and 70 feature-length documentary films, earning more than 120 awards and 450 nominations for the cable network, including CNN Films' first Academy Award(r) for Navalny. Acclaimed titles include the Peabody Award winning and 13-time Emmy(r) Award-winning Anthony Bourdain Parts Unknown ; five time Emmy(r) nominee, Apollo 11, directed by Todd Douglas Miller; Eva Longoria: Searching for Spain and Emmy(r) nominated Eva Longoria: Searching for Mexico ; the Emmy(r) Award-nominated "Decades Series": The Sixties, The Seventies, The Eighties, The Nineties, The 2000s, and The 2010s, executive produced by Tom Hanks and Gary Goetzman; I'm Chevy Chase and You're Not directed by Emmy(r) winner Marina Zenovich; The Last Movie Stars, directed by Ethan Hawke about the lives and careers of actors and humanitarians Joanne Woodward and Paul Newman; Grammy(r) Award nominee Little Richard: I Am Everything, directed by Lisa Cortes; the Oscar(r), BAFTA, PGA, and duPont-Columbia Award-winning, Navalny directed by Daniel Roher; The Many Lives of Martha Stewart ; This is Life with Lisa Ling ; Primetime Emmy(r) and duPont-Columbia Award-winning, RBG, directed by Betsy West and Julie Cohen; See It Loud: The History of Black Television, executive produced by LeBron James and Maverick Carter; Space Shuttle Columbia: The Final Flight in partnership with the BBC; the Producers Guild Award and three-time Emmy(r) Award-winning Stanley Tucci: Searching for Italy ; BAFTA nominee and Directors Guild Award winner, Three Identical Strangers, directed by Tim Wardle; and the five-time Emmy(r) Award-winning United Shades of America with W. Kamau Bell ; and the five-time Emmy(r) Award-winning The Whole Story with Anderson Cooper. CNN Originals can be seen on CNN, to stream via a CNN All Access subscription, on the CNN Original Hub on HBO Max and discovery+, on the CNN Originals FAST channel, and with a pay TV subscription via CNN.com, CNN apps and cable operator platforms.
About Universal Music Group
At Universal Music Group, we exist to shape culture through the power of artistry. UMG is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audio-visual content. Featuring the most comprehensive catalogue of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation and entrepreneurship, UMG fosters the development of services, platforms, and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. For more information, visit www.universalmusic.com.
About Polygram Entertainment
Polygram Entertainment is the film and television arm of Universal Music Group, the world leader in music-based entertainment. Built on the foundation of the world's most comprehensive and storied music catalog, Polygram Entertainment develops, produces, and finances music-driven content that inspires and engages fans of all ages around the world. From premium documentaries to original scripted features and scripted and unscripted television, Polygram Entertainment productions explore the ways in which music shapes culture, informs our worldview, and brings us closer together. Polygram Entertainment's acclaimed, award-winning projects include Selena y Los Dinos, which follows the rise of the famed Tejano singer Selena and her family band; the recently Emmy-nominated docuseries STAX: Soulsville U.S.A, about the legendary Memphis-based record label; docuseries James Brown: Say It Loud ; Love to Love You, Donna Summer, directed by Roger Ross Williams and Brooklyn Sudano; Louis Armstrong's Black & Blues from director Sacha Jenkins; Todd Haynes' The Velvet Underground ; Frank Marshall's The Bee Gees: How Can You Mend a Broken Heart ; Beastie Boys Story from director Spike Jonze; Alison Ellwood's The Go-Go's ; Pavarotti from director Ron Howard; Roger Ross Williams' The Apollo ; the Emmy Award-winning series "Zoey's Extraordinary Playlist" and the subsequent telefilm "Zoey's Extraordinary Christmas." Upcoming projects include Academy Award-winner Morgan Neville's Man on the Run, a feature documentary that explores Paul McCartney following the breakup of The Beatles and the formation of Wings with Linda McCartney; "The Greatest," the first-ever authorized scripted series about the life of Muhammad Ali, produced with Michael B. Jordan and Roc Nation; and scripted features about KISS and The Osbournes.
Press Contacts
Jordan.Overstreet@CNN.com
Sophie.Tran@CNN.com
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Original text here: https://cnnpressroom.blogs.cnn.com/2026/01/31/fred-armisen-to-host-cnn-original-series-unearthing-treasures-and-behind-the-scenes-stories-from-the-worlds-largest-music-archive/