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Alaska Energy Metals Corp is a Canada-based company engaged in the business activities of exploration and development of mineral resources. Through research and early-stage exploration, the company generates new exploration ideas, acquires mineral rights, and performs exploration work to identify drilling targets. The company derives revenue from contracts with customers through overhead recovery fees and exploration services. Its geographical segments include the USA, Mexico, and Canada, where the majority of its revenue comes from the USA.

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Major nickel find in Alaska could reduce US reliance on imported nickel for stainless steel and EV batteries. Urgent need for new domestic sources emphasized by Alaska Energy Metals CEO at mining event.

&#39;We Are In A Race Against Time,&#39; Says CEO As Alaska Energy Metals Finds Major Nickel Deposit

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U.S. relies on imported nickel. Gregory Beischer, CEO of Alaska Energy Metals, aims to change that with large nickel deposit in Alaska.

Alaska Energy Metals CEO: Nickel Demand Will Increase &#39;23 Times By 2035&#39;

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Experts predict Prabowo Subianto will boost Indonesia&#39;s nickel industry, but his relationship with China and environmental concerns are uncertain.

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Digital Currency Group (DCG), a prominent player in the cryptocurrency industry, on Friday agreed to settle with the U.S. Securities and Exchange Commission (SEC) for misleading investors.
What Happened: DCG, founded by&nbsp;Barry Silbert, and its former executive,&nbsp;Soichiro &#8220;Michael&#8221; Moro, will collectively pay $38.5 million to the SEC. This settlement is to resolve charges of providing false information about the financial state of Genesis Global Capital, a crypto lending unit once under DCG.
The SEC&nbsp;found that DCG and Moro&nbsp;misrepresented Genesis&#8217;s financial condition during a period of instability caused by the collapse of FTX in 2022. This included downplaying the impact of a major Genesis borrower&#8217;s default on the company&#8217;s business.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading" target="_blank" rel="noreferrer noopener">&nbsp;</a><a href="https://www.benzinga.com/government/regulations/25/01/42994641/italys-largest-bank-leaps-into-bitcoin-trading-with-1-million-test-investment-but-ceo-says-he-doesnt-invest-in-btc-personally" target="_blank" rel="noreferrer noopener">Italy's Largest Bank Leaps Into Bitcoin Trading With $1 Million ‘Test' Investment But CEO Says He Doesn't Invest In BTC Personally</a>
The SEC noted that DCG and Moro agreed to pay the penalties without admitting or denying the allegations of violating the Securities Act of 1933. This settlement comes after a separate agreement in May 2024, in which New York Attorney General Letitia James reached a $2 billion settlement with Genesis to compensate defrauded investors.
Why It Matters: The cryptocurrency industry has been under increased scrutiny from regulatory bodies. This settlement comes in the wake of similar actions taken against other financial firms.
Earlier this month,&nbsp;<a href="https://www.benzinga.com/markets/equities/25/01/42971991/robinhood-agrees-to-45-million-sec-settlement-over-past-violations">Robinhood agreed to pay $45 million to the SEC</a>&nbsp;for a series of regulatory violations. The charges were related to failures in trading activity reporting, cybersecurity practices, recordkeeping, and customer communication.
Additionally, a group of financial firms, including&nbsp;<a href="https://www.benzinga.com/markets/25/01/42966800/blackstone-kkr-among-12-firms-to-pay-63-million-to-sec-after-recordkeeping-violations">Blackstone and KKR, settled with the SEC for $63.1 million</a>&nbsp;over recordkeeping violations. These firms were accused of using unauthorized communication methods to exchange messages that were required to be preserved under securities laws.
Meanwhile,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43009858/elon-musk-slams-sec-as-totally-broken-organization">Elon Musk criticized the SEC</a>&nbsp;for focusing on trivial cases and ignoring more significant crimes. This came after the SEC sued Musk for allegedly failing to disclose a substantial stake in X (formerly known as Twitter) before his acquisition of the platform.
Price Action: At the time of writing, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was exchanging hands at&nbsp;$103,660.11, up 2% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. During the same period, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) lost 0.46%, Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) shed 1.39% and Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) was down 8.29%. 
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/01/42993521/michael-saylors-microstrategy-not-alone-in-bitcoin-acquisition-says-bitwise-chief-investment-officer-its-a-bona-fide-megatrend" target="_blank" rel="noreferrer noopener">Michael Saylor's MicroStrategy Not Alone In Bitcoin Acquisition, Says Bitwise Chief Investment Officer: ‘It's A Bona Fide Megatrend'</a></li>
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Crypto Firm DCG Settles With SEC For $38.5M Over Misleading Investors

Janet Yellen, the U.S. Treasury Secretary, on Friday cautioned&nbsp;that the government will reach&nbsp;its borrowing limit on Tuesday, necessitating the use of &#8220;extraordinary measures&#8221; to prevent a potential default.
What Happened: Yellen revealed that the Treasury will commence the use of extraordinary measures starting January 21. The duration of these measures is uncertain, and Yellen has&nbsp;urged Congress to raise or&nbsp;suspend the debt limit to safeguard the nation&#8217;s credit, Reuters reported. 
&#8220;The period of time that extraordinary measures may last is subject to considerable uncertainty, including the challenges of forecasting the payments and receipts of the U.S. Government months into the future.&#8221;
See Also: <a href="https://www.benzinga.com/tech/25/01/43072685/tim-cook-reveals-apple-watch-saved-his-fathers-life-by-alerting-emergency-services-but-his-father-more-upset-because-of-this">Tim Cook Reveals Apple Watch Saved His Father&#8217;s Life By Alerting Emergency Services, But His Father &#8216;More Upset&#8217; Because Of This</a>
Yellen announced the suspension of investments in two government employee benefit funds until March 14, aiming to restore borrowing capacity under the $36.1 trillion debt ceiling. As of last Thursday, the Treasury's borrowings had reached $36.08 trillion.
This suspension will affect new investments that are not immediately required to pay benefits from the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund. Once the debt ceiling is either raised or suspended, these funds will need to be replenished.
Yellen has urged Congress to raise or suspend the debt limit to maintain the full faith and credit of the U.S. This issue with the debt ceiling presents an early challenge for Yellen&#8217;s anticipated successor, Scott Bessent, who is nominated by Trump for the Treasury position.
The Treasury has a range of extraordinary balance sheet measures available to prevent default, which could last for several months depending on tax revenues. However, failing to raise, suspend, or eliminate the debt limit could prevent the Treasury from meeting all its obligations, leading to potentially severe economic consequences.
Why It Matters: This announcement comes at a time when Yellen&#8217;s tenure has been marked by significant challenges. Earlier this month, it was reported that Yellen&#8217;s computer was hacked by&nbsp;<a href="https://www.benzinga.com/media/25/01/43048422/janet-yellens-computer-hacked-by-chinese-hackers-attackers-obtain-law-enforcement-sensitive-data-by-targeting-us-treasury-department">Chinese state-sponsored hackers</a>, who accessed &#8220;Law Enforcement Sensitive&#8221; data by targeting the U.S. Treasury Department.
Yellen&#8217;s short-term debt strategy has also been a topic of concern, <a href="https://www.benzinga.com/news/25/01/42808340/janet-yellens-short-term-debt-strategy-sparks-warnings-for-trump-administration-your-costs-explode-and-buyers-could-balk-says-expert">with experts warning </a>that it could lead to significant market turbulence as President-elect&nbsp;Donald Trump&nbsp;prepares to take office. This strategy, which involves rolling over short-term debt instead of issuing longer-dated bonds, has been criticized for potentially setting up a crisis for the incoming administration.
Meanwhile, in December, the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) experienced record outflows of $5.5 billion, as 30-year Treasury yields climbed 40 basis points to 4.855%, marking their highest level in more than a year.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/43072303/mark-zuckerberg-stands-to-gain-from-tiktoks-us-ban-analysis-shows-meta-could-reap-billions-in-ad-revenue" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Stands To Gain The Most From TikTok's US Ban: Meta Could Reap Billions In Ad Revenue</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
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Economics

iShares Trust Barclays 20+ Year Treasury Bond Fund

Janet Yellen Warns US Could Hit Debt Ceiling On Tuesday, Suspends Investments In 2 Government Employee Benefit Funds

Earlier this week, Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO Tim Cook shared a personal story about how the Apple Watch saved his father&#8217;s life. 
What Happened: In a podcast&nbsp;<a href="https://shows.acast.com/tablemanners/episodes/tim-cook">interview</a> with Table Manners with&nbsp;Jessie and Lennie Ware, Cook on Wednesday shared various aspects of his personal life, including his humble beginnings and daily routine.
Among the shared anecdotes, Cook narrated an incident involving his father. Cook&#8217;s father, who was living alone, fell in his house. The Apple Watch, equipped with a fall detection feature, sent a notification to emergency services and Cook&#8217;s family. When the emergency services arrived, they found Cook&#8217;s father unconscious and had to break down the door to reach him.
See Also: <a href="https://www.benzinga.com/25/01/43072409/mark-cuban-warns-kevin-oleary-about-tiktok-purchase-if-you-cant-see-the-sucker-at-the-negotiation-table-its-you">Mark Cuban Warns Kevin O&#8217;Leary About TikTok Purchase: If You Can&#8217;t See The Sucker At The Negotiation Table, It&#8217;s You</a>
When asked if his father was proud of him for working at Apple, Cook humorously replied, &#8220;No,&nbsp;he was focused on the&nbsp;door, to be honest. He&nbsp;was more upset, they kicked&nbsp;out my door!&#8221;
Alongside this personal story, Cook also shared insights into his daily routine, which includes starting his day before 5 AM, working four days a week at Apple Park, and his love for Chardonnay, dark chocolate, and hiking.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This is not the first time the Apple Watch has been credited with saving lives. In 2024, a&nbsp;story&nbsp;emerged about the <a href="https://www.benzinga.com/general/biotech/24/09/40742928/apple-watch-saves-life-of-pregnant-woman-and-her-baby-that-information-is-like-gold">Apple Watch saving the life of a pregnant </a>woman and her unborn child. The watch&#8217;s heart monitoring, fall detection, and other medical-related features have proven beneficial for many consumers globally. 
In another instance, the Apple Watch&#8217;s crash detection feature helped save a user&#8217;s life after they were involved in a&nbsp;<a href="https://www.benzinga.com/news/23/09/34760115/never-thought-i-would-ever-need-that-feature-apple-watch-saves-life-in-a-highway-car-crash">highway car crash</a>. The user&#8217;s emergency contact was alerted, and emergency services were informed to rescue them.
In the interview, Cook shared that he begins his day before 5:00 AM, using the quiet <a href="https://www.benzinga.com/news/24/01/36445675/tim-cook-surprises-apple-watch-users-with-personal-responses-to-life-saving-stories">early hours to answer emails,</a> which he considers the most manageable part of his day. &#8220;I&#8217;m doing emails and generally what I&#8217;m focused on in the morning is responding to employees and customers. Yeah, I would. And so I get an extraordinary amount of outreach from customers and they&#8217;re telling me things that are critical in their lives. Maybe they&#8217;re telling me a story of how the Apple Watch saved their life,&#8221; he said. 
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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<li>Read Next: <a href="https://www.benzinga.com/tech/25/01/43072303/mark-zuckerberg-stands-to-gain-from-tiktoks-us-ban-analysis-shows-meta-could-reap-billions-in-ad-revenue">Mark Zuckerberg Stands To Gain The Most From TikTok&#8217;s US Ban: Meta Could Reap Billions In Ad Revenue</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

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Tim Cook Reveals Apple Watch Saved His Father's Life By Alerting Emergency Services, But His Father 'More Upset' Because Of This

The&nbsp;U.S. Federal Aviation Administration&nbsp;(FAA) and authorities&nbsp;from the Turks and Caicos&nbsp;Islands have initiated investigations into <a href="https://www.benzinga.com/25/01/43046722/starship-explodes-during-flight-test-elon-musk-says-success-is-uncertain-but-entertainment-is-guaranteed">the recent explosion </a>of&nbsp;SpaceX&#8217;s&nbsp;Starship rocket.
What Happened: A prototype of SpaceX&#8217;s Starship suffered a mid-flight explosion over the Bahamas, just eight minutes into its seventh test launch from Texas. The incident scattered debris across the northern Caribbean.
The FAA, which oversees private rocket launches, stated, &#8220;There are no reports of public injury, and the FAA is working with SpaceX and appropriate authorities to confirm reports of public property damage on Turks and Caicos.&#8221;
See Also: <a href="https://www.benzinga.com/tech/25/01/43072303/mark-zuckerberg-stands-to-gain-from-tiktoks-us-ban-analysis-shows-meta-could-reap-billions-in-ad-revenue">Mark Zuckerberg Stands To Gain The Most From TikTok&#8217;s US Ban: Meta Could Reap Billions In Ad Revenue</a>
Residents of&nbsp;the South and North Caicos&nbsp;islands experienced intense ground vibrations and discovered burnt fragments of what they suspected to be Starship debris. &#8220;My&nbsp;mirror and the walls were&nbsp;shaking,&#8221; shared Veuleiri Artiles, a resident of South Caicos. Ibalor Calucin, a resident of Providenciales island, compared the experience to an &#8220;earthquake,&#8221; reported Reuters.
The Starship rocket had been <a href="https://www.benzinga.com/25/01/43020027/starships-7th-test-flight-postponed-to-thursday-owing-to-unfavorable-weather-says-spacex">outfitted with advanced onboard features</a> and was carrying its first set of mock satellites. Launched from Boca Chica, Texas, the mission aimed for a suborbital trajectory around Earth. However, communication was lost shortly after its separation from the Super Heavy booster, ultimately resulting in its destruction.
&#8220;Initial data indicates a fire developed in the aft section of the ship, leading to a rapid unscheduled disassembly,&#8221; SpaceX stated on its website.
SpaceX CEO&nbsp;Elon Musk&nbsp;shared a video of rocket parts raining down from the sky, stating that &#8220;success is uncertain, but entertainment is guaranteed.&#8221;&nbsp;
Why It Matters: The explosion scattered debris over the northern Caribbean, leading to the <a href="https://www.benzinga.com/general/space/25/01/43049377/spacex-starship-mishap-diverts-dozens-of-flights-as-faa-warns-of-falling-debris">diversion of dozens of flights</a>. American Airlines Group Inc. reported fewer than 10 flight diversions, while a JetBlue Airways Corp. flight from Fort Lauderdale to San Juan had to return to its origin. FedEx Corp. cargo operations also experienced route adjustments.
Meanwhile, SpaceX&#8217;s competitor,&nbsp;Blue Origin, achieved a significant milestone when its New Glenn launch vehicle reached <a href="https://www.benzinga.com/general/space/25/01/43023657/jeff-bezos-blue-origins-new-glenn-reaches-orbit-on-first-try-spacex-ceo-elon-musk-applauds-rivals-achievement">space and its intended orbit </a>during its inaugural launch. This achievement solidified Blue Origin&#8217;s position as a competitor to SpaceX in the satellite launch business.
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<li>Read Next:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43021026/apple-stock-has-moved-up-4-2-since-iphone-16-launched-analyst-says-it-has-another-8-upside-as-manufacturing-cost-decline-bolsters-cupertinos-margins" target="_blank" rel="noreferrer noopener">Apple Stock Has Moved Up 4.2% Since iPhone 16 Launched, Analyst Says It Has Another 8% Upside As Manufacturing Cost Decline Bolsters Cupertino&#8217;s Margins</a></li>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: SpaceX

SPACE

US Regulator Probes Elon Musk's SpaceX Mid-Flight Explosion That Felt Like An 'Earthquake' For Turks And Caicos Residents

Mark Cuban is leaving no room for doubt when it comes to Kevin O'Leary's plan to buy TikTok's U.S. operations. The billionaire investor and &#8220;Shark Tank&#8221; star <a href="https://x.com/mcuban/status/1879028970726826132">took to X</a> to critique the bid, calling it a long shot and warning O'Leary about the risks involved. Cuban's message to him is to think twice before diving into this deal, especially without a clear path to success.
<h2 class="wp-block-heading">O'Leary and McCourt Make Their Move</h2>
Frank McCourt, the former owner of the Los Angeles Dodgers, has teamed up with Kevin O'Leary to buy TikTok from its Chinese parent company, ByteDance. <a href="https://www.benzinga.com/general/entertainment/25/01/42834240/kevin-oleary-joins-the-peoples-bid-for-tiktok-as-pending-ban-looms">Dubbed The People's Bid for TikTok,</a> their proposal aims to acquire TikTok's U.S. assets, rebuild the app with American-designed technology and ensure user privacy.
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<li>Built on the trusted network of Fortune 500 companies, <a href="https://www.benzinga.com/money/web3-enabler-the-most-boring-blockchain-company-partners-with-salesforce">this blockchain company partners with Salesforce to uproot lengthy and expensive B2B transactions, and you can invest with just $100.</a></li>
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The bid comes at a critical time. <a href="https://www.benzinga.com/25/01/42919029/supreme-court-hears-tiktok-oral-arguments">The Supreme Court is set to review</a> a U.S. law that could ban TikTok starting Jan. 19, 2025, unless it's sold. However, ByteDance has repeatedly said it's <a href="https://www.benzinga.com/general/social-media/25/01/42994923/mrbeast-discussing-buying-tiktok-with-billionaires-to-prevent-us-shutdown-lets-see-if-we-can-pull-this-off">not interested in selling TikTok – </a>and experts are also questioning whether the platform can survive without its famous algorithm, which is excluded from any potential sale due to Chinese export controls.
<h2 class="wp-block-heading">Cuban's Concerns</h2>
Mark Cuban doesn't see O'Leary's plan working out. In his X thread, Cuban predicted that O'Leary would tell ByteDance and its bankers to accept the deal as a way to avoid TikTok being shut down in the U.S. However, Cuban doubts the viability of such a move, highlighting several major obstacles:
<ul>
<li>Ad revenue isn't what it used to be: Cuban argued that O'Leary's plan to rely on advertising revenue to sustain TikTok's U.S. operations isn't realistic in today's market.</li>
<li>User retention will be tough: Keeping users engaged without the original TikTok algorithm will be a significant challenge, especially with other platforms eager to poach its audience.</li>
<li>ByteDance likely won't sell: Cuban doubts ByteDance would agree to sell TikTok, calling it a $300 billion asset that wouldn't be off-loaded for a fraction of its value.</li>
<li>Competitors are ready to pounce: With every major platform eyeing TikTok's users, rebuilding from scratch will be an uphill battle.</li>
</ul>
Trending: ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a>
Cuban ended his thread with a stark warning: "When you sit at the negotiating table, you always look for the sucker. If you don't see one …"
<h2 class="wp-block-heading">A Risky Plan to Rebuild TikTok</h2>
O'Leary and McCourt insist they don't need the original TikTok algorithm to succeed. They've proposed creating a new algorithm to power the platform, with backing from Guggenheim Securities and prominent technologists like Tim Berners-Lee, the inventor of the World Wide Web.
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Mark Cuban Warns Kevin O'Leary About TikTok Purchase: If You Can't See The Sucker At The Negotiation Table, It's You

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) reportedly stands to gain significantly if TikTok, a popular social media platform, is <a href="https://www.benzinga.com/news/25/01/43070367/kevin-oleary-warns-that-shutting-down-tiktok-would-hurt-6-million-small-businesses-in-america-that-rely-on-it-to-make-a-living">banned from U.S. app stores</a> this Sunday.
 What Happened: TikTok&#8217;s legal team warned that the app could &#8220;go dark,&#8221; cutting off access for existing users to view videos. Such a ban would significantly affect one of the largest social media platforms in the U.S., potentially freeing up billions in ad revenue and user engagement, according to an analysis by eMarketer on Friday, <a href="https://www.businessinsider.com/tiktok-us-ban-how-meta-benefits-google-instagram-youtube-ad-2025-1">reported</a>&nbsp;Business Insider.
According to the analysis, TikTok raked in $12.34 billion in U.S. ad revenue in 2024. If the app faces a ban, an estimated $6.17 billion to $8.64 billion in ad spending could be redirected. Meta, the parent company of Facebook and Instagram, stands to capture a significant share, potentially gaining between $2.46 billion and $3.38 billion in ad revenue.
See Also: <a href="https://www.benzinga.com/tech/25/01/43051084/mrbeast-unveils-mystery-box-giveaway-to-celebrate-beast-games-episode-6-release-on-amazon-prime-video">MrBeast Unveils Mystery Box Giveaway To Celebrate Beast Games Episode 6 Release On Amazon Prime Video</a>
Morgan Stanley analysts also predict that Mark Zuckerberg&#8217;s company would emerge as the &#8220;largest fundamental winner of any TikTok ban,&#8221; leveraging its extensive user base and robust data capabilities. They estimate such a ban could boost Meta&#8217;s earnings per share by 5% to 9% in the 2026 fiscal year.
Instagram is projected to absorb a significant portion of the time U.S. users currently spend on TikTok. In 2024, TikTok users in the U.S. averaged nearly an hour daily on the app, with almost 75% also active on Instagram, according to EMARKETER.
While Meta is poised to gain the most, Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google&#8217;s YouTube and Snap Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) Snapchat could also benefit from TikTok&#8217;s absence.
Why It Matters: The U.S. Supreme Court upheld&nbsp;<a href="https://www.benzinga.com/general/social-media/25/01/43060894/supreme-court-upholds-tiktok-ban-ahead-of-trumps-inauguration" target="_blank" rel="noopener">a ruling on Friday that TikTok would be banned&nbsp;</a>in the country unless the parent company&nbsp;ByteDance&nbsp;sold off the American portion of the business. This decision is based on &#8220;well-supported national security concerns&#8221; regarding TikTok&#8217;s data collection practices and its relationship with a foreign adversary,
Ross Gerber, CEO of&nbsp;Gerber Kawasaki Wealth and Investment Management, also <a href="https://www.benzinga.com/general/social-media/25/01/43050469/tesla-bull-ross-gerber-demands-tiktok-ban-calling-it-a-national-security-risk-amid-reports-that-elon-musk-may-buy-it">demanded a ban on TikTok</a>, calling it a &#8220;national security risk&#8221; amid reports that&nbsp;Elon Musk&nbsp;may buy it.
Despite the uncertainty, the looming ban has already had an impact. <a href="https://www.benzinga.com/general/social-media/25/01/43049496/as-tiktok-faces-us-ban-vpn-searches-skyrocket-800-will-workarounds-work-experts-weigh-in">VPN searches have skyrocketed by 800%</a> as users seek workarounds, and TikTok has announced plans to cease operations in the U.S., although users can still download their personal data.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
<ul>
<li>Read Next:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43021026/apple-stock-has-moved-up-4-2-since-iphone-16-launched-analyst-says-it-has-another-8-upside-as-manufacturing-cost-decline-bolsters-cupertinos-margins" target="_blank" rel="noreferrer noopener">Apple Stock Has Moved Up 4.2% Since iPhone 16 Launched, Analyst Says It Has Another 8% Upside As Manufacturing Cost Decline Bolsters Cupertino's Margins</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

GOOG

GOOGL

SNAP

Mark Zuckerberg Stands To Gain The Most From TikTok's US Ban: Meta Could Reap Billions In Ad Revenue

Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) has outperformed the market over the past 15 years by 11.29% on an annualized basis producing an average annual return of 23.25%. Currently, Lam Research has a market capitalization of $103.26 billion. 
Buying $1000 In LRCX: If an investor had bought $1000 of LRCX stock 15 years ago, it would be worth $23,417.91 today based on a price of $80.25 for LRCX at the time of writing.
<h3>Lam Research's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737157509_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

LRCX

If You Invested $1000 In This Stock 15 Years Ago, You Would Have This Much Today

Meta CEO Mark Zuckerberg, 40, recently appeared on The Joe Rogan Experience, casually wearing a $900,000 F.P. Journe FFC watch mere weeks after being spotted with a $1.2 million Patek Philippe Grand Complications in an Instagram video.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Mark Zuckerberg spotted wearing a rare FP Journe FFC in platinum. &#x231a;&#xFE0F; This limited-edition timepiece, created in collaboration with Francis Ford Coppola, features an innovative hour display. Photo: joerogan // fpjourneofficial<a href="https://twitter.com/hashtag/Zuckerberg?src=hash&amp;ref_src=twsrc%5Etfw">#Zuckerberg</a> <a href="https://twitter.com/hashtag/FPJourne?src=hash&amp;ref_src=twsrc%5Etfw">#FPJourne</a> <a href="https://twitter.com/hashtag/LuxuryWatches?src=hash&amp;ref_src=twsrc%5Etfw">#LuxuryWatches</a> <a href="https://t.co/3m5pgMnoXG">pic.twitter.com/3m5pgMnoXG</a>
&mdash; SIMONSAYSDRIP (@simonsaysdrip) <a href="https://twitter.com/simonsaysdrip/status/1878023663611425092?ref_src=twsrc%5Etfw">January 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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The F.P. Journe FFC watch is a masterpiece of engineering and storytelling. Its unique design features a titanium hand in an armored glove, displaying the hours through intricate finger movements – a concept inspired by 16th-century prosthetics.&nbsp;
This idea came from a conversation in 2012 between Coppola and the watchmaker François-Paul Journe. Coppola asked if a watch could tell time using the old finger-counting method. From there, the watchmaker created this amazing piece with a titanium hand shaped like an armored glove moving its fingers to show the time.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x2728; F.P Journe FFC &#x2728; ( incroyable &#x1f929; )<a href="https://t.co/H6WDu4gREz">https://t.co/H6WDu4gREz</a> <a href="https://t.co/DASkNcUkfj">pic.twitter.com/DASkNcUkfj</a>
&mdash; Xcellent Watches&#xAE; (@XcellentWatches) <a href="https://twitter.com/XcellentWatches/status/1647203128180195328?ref_src=twsrc%5Etfw">April 15, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a>
This horological marvel is powered by a complex system of cams and bridges that animate the armored hand to indicate the time. The prototype of this watch sold for a staggering CHF 4.5 million at a 2021 charity auction, further solidifying its status as a collector's dream. Like the one Zuckerberg wore, the production version is limited to only 15 watches made each year, making them super rare and highly sought after.
<h2 class="wp-block-heading">Zuckerberg's Watch Collection Expands</h2>
This F.P. Journe FFC isn't Zuckerberg's first venture into the world of luxury watches. In fact, the F.P. Journe FFC is just one of the many luxury watches Zuckerberg owns. Recently, he's been seen with a <a href="https://www.benzinga.com/news/24/12/42689559/mark-zuckerberg-talks-non-profit-achievements-while-displaying-a-1-2-million-patek-philippe-watch">$1.2 million Patek Philippe Grand Complications</a>, a <a href="https://www.benzinga.com/news/24/09/40969847/mark-zuckerberg-flaunts-watches-valued-at-a-cybertrucks-price">$141,000 Patek Philippe 5236P and a $100,000 De Bethune DB 25 Starry Varius</a>.&nbsp;
For someone who often wears plain T-shirts, hoodies and jeans, these fancy watches show a whole new side of him. This shift in style is part of Zuckerberg's effort to change how people see him.
Trending: It&#8217;s no wonder Jeff Bezos holds over $70 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
<h2 class="wp-block-heading">A Lifestyle Upgrade</h2>
Zuckerberg's personal transformation has been hard to miss in the past year. He's traded his casual wardrobe for tailored designer suits, accessorized with gold chains and adopted longer, styled hair – a look that media outlets have dubbed "Mark Zuckerberg 3.0." This elevated style is part of a broader lifestyle overhaul that aligns with his evolving public persona.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Now do Mark Zuckerberg. He has a $300 million, 387-foot yacht named M/Y LAUNCHPAD built by Feadship and a $30 million support vessel named M/Y WINGMAN built by Damen. Two yachts, not just one. <a href="https://t.co/DQzapa11NL">pic.twitter.com/DQzapa11NL</a>
&mdash; rdub67 (@rdub067) <a href="https://twitter.com/rdub067/status/1865157729209184462?ref_src=twsrc%5Etfw">December 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Zuckerberg's taste for the finer things extends far beyond watches. For his 40th birthday, the Meta CEO reportedly spent $450 million on luxury acquisitions. These include a $300 million superyacht named Launchpad, a $30 million support vessel called Wingman and an $80 million Gulfstream G700 private jet.&nbsp;
Trending: With 100+ historic trademarks including some of the high grossing characters in history, like Cinderella, Snow White and Peter Pan, <a href="https://www.benzinga.com/money/elf-labs-1">this company is transforming the $2 trillion entertainment market with patented AR, VR, and AI tech. — For a short window, investors are able to claim $2/share ($980 min).</a>
His superyacht, Launchpad, is a 387-foot marvel designed by Espen Øino International and built by Feadship. It boasts state-of-the-art amenities like a swimming pool, helipad, cinema and a crew of 50 to cater to up to 26 guests. Meanwhile, Wingman enhances his maritime adventures with features like a diving center and submarine storage.&nbsp;
His Gulfstream G700 jet – a flagship of luxury aviation – offers customizable interiors and advanced technology, cementing Zuckerberg's reputation as a man who spares no expense for comfort and style.
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<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>

Mark Zuckerberg Wears Another Ultra-Rare $900,000 Watch, Designed With Francis Ford Coppola, During Joe Rogan Interview

Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) has outperformed the market over the past 10 years by 2.72% on an annualized basis producing an average annual return of 13.96%. Currently, Commercial Metals has a market capitalization of $5.75 billion. 
Buying $100 In CMC: If an investor had bought $100 of CMC stock 10 years ago, it would be worth $387.44 today based on a price of $50.60 for CMC at the time of writing.
<h3>Commercial Metals's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737156609_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Commercial Metals 10 Years Ago Would Be Worth Today

Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) has outperformed the market over the past 15 years by 7.57% on an annualized basis producing an average annual return of 19.53%. Currently, Alphabet has a market capitalization of $2.40 trillion. 
Buying $1000 In GOOGL: If an investor had bought $1000 of GOOGL stock 15 years ago, it would be worth $14,265.60 today based on a price of $195.86 for GOOGL at the time of writing.
<h3>Alphabet's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737155709_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Alphabet Stock In The Last 15 Years

Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) has outperformed the market over the past 5 years by 37.92% on an annualized basis producing an average annual return of 50.45%. Currently, Broadcom has a market capitalization of $1.11 trillion. 
Buying $1000 In AVGO: If an investor had bought $1000 of AVGO stock 5 years ago, it would be worth $7,707.34 today based on a price of $237.44 for AVGO at the time of writing.
<h3>Broadcom's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737154808_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AVGO

$1000 Invested In Broadcom 5 Years Ago Would Be Worth This Much Today

<a href="https://www.benzinga.com/news/25/01/42947081/a-salary-is-the-drug-they-give-you-to-forget-your-dreams-says-kevin-oleary-encourages-people-to-embrace-the-fear-of-failure">Kevin O'Leary</a>, the investor famously known from Shark Tank, has once again stepped into the heated debate about TikTok's future in the United States. Alongside billionaire entrepreneur Frank McCourt, O'Leary is pushing a bold plan to save the platform from a potential nationwide ban, which he says would be devastating for small businesses nationwide.
<h2 class="wp-block-heading">Why TikTok Matters to Small Businesses</h2>
TikTok is a key tool for the success of many small businesses in America. Kevin O'Leary says six million businesses use the app to sell products, find customers and make money. If TikTok is shut down, it would cause big problems for these businesses.
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"I don&#8217;t want it shut down. It&#8217;s not good for my businesses, it&#8217;s not good for six million other small businesses in America that make a living off it," O'Leary said in a recent <a href="https://www.youtube.com/watch?v=9s94nz8JY-U">interview</a>. "We just need to take out the onerous piece – the spyware – that&#8217;s what Congress is upset about."
<h2 class="wp-block-heading">The Spyware Problem</h2>
TikTok&#8217;s controversy stems from its parent company, <a href="https://www.benzinga.com/tech/24/11/42069805/bytedance-valuation-soars-to-300b-despite-threat-of-us-tiktok-ban">ByteDance, a Chinese tech giant</a>. U.S. lawmakers from both parties have raised concerns about the app's data security and potential ties to the Chinese government. The fear is that TikTok's algorithm could serve as a tool for surveillance or propaganda.
O'Leary and McCourt's solution? Buy TikTok's U.S. operations outright. <a href="https://www.benzinga.com/general/entertainment/25/01/42834240/kevin-oleary-joins-the-peoples-bid-for-tiktok-as-pending-ban-looms">Their proposal</a> involves acquiring the app without its famous algorithm – the technology that powers TikTok's addictive "For You" feed. "We don&#8217;t want to buy the algorithm, we can&#8217;t use it. That&#8217;s spyware," O'Leary explained. "We&#8217;re going to rebuild the product and make it much better."
See Also: With 100+ historic trademark victories, this company holds IP for some of the highest-grossing characters in history. Now, they've propelled these icons into the future using next-gen patented AR, VR, and AI technology. <a href="https://www.benzinga.com/money/elf-labs-1">There&#8217;s now a limited window for investors to claim shares at just $2/share with $980 minimum—but the clock is ticking.</a>
<h2 class="wp-block-heading">A Race Against Time</h2>
The urgency behind O'Leary's bid is tied to a looming deadline. A law passed earlier this year could result in TikTok being banned in the United States starting Jan. 19, 2025, unless the app is sold. <a href="https://www.benzinga.com/general/social-media/24/12/42680367/tiktok-on-trial-supreme-court-prepares-to-weigh-national-security-risks">The Supreme Court is deciding</a> whether this law will go into effect and O'Leary and McCourt are pushing to get their offer accepted before it's too late.
Critics have questioned whether TikTok can remain popular without its algorithm, which is central to its success. The algorithm is the magic behind the content recommendations that keep users hooked. But O'Leary insists that the platform's success doesn't hinge on the existing technology.
Trending: Built on the trusted network of Fortune 500 companies, <a href="https://www.benzinga.com/money/web3-enabler-the-most-boring-blockchain-company-partners-with-salesforce">this blockchain company partners with Salesforce to uproot lengthy and expensive B2B transactions, and you can invest with just $100.</a>
O'Leary and McCourt's group, called The People's Bid for TikTok, has support from investors and tech experts, including Tim Berners-Lee, the inventor of the World Wide Web. They've also talked to lawmakers and plan to work with President-elect Donald Trump to close the deal.
McCourt emphasized the importance of keeping TikTok running for its millions of users. "By keeping the platform alive without relying on the current TikTok algorithm and avoiding a ban, millions of Americans can continue to enjoy the platform," he said. "We look forward to working with ByteDance, President-elect Trump and the incoming administration to get this deal done."
Even though ByteDance has repeatedly stated that <a href="https://www.benzinga.com/general/social-media/25/01/42994923/mrbeast-discussing-buying-tiktok-with-billionaires-to-prevent-us-shutdown-lets-see-if-we-can-pull-this-off">TikTok is not for sale</a>, O&#8217;Leary and McCourt are committed to finding a solution.
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<li>According to Juniper Research, the total value of B2B cross-border payments stored on the blockchain is projected to exceed $4.4 trillion — <a href="https://www.benzinga.com/money/web3-enabler-future-of-enterprise-transactions">Join the first company to bring blockchain payments to Salesforce early with just $100.</a></li>
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Kevin O'Leary Warns That Shutting Down TikTok Would Hurt '6 Million Small Businesses In America' That Rely On It To Make A Living

Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) has outperformed the market over the past 10 years by 7.04% on an annualized basis producing an average annual return of 18.27%. Currently, Live Nation Entertainment has a market capitalization of $31.27 billion. 
Buying $100 In LYV: If an investor had bought $100 of LYV stock 10 years ago, it would be worth $547.26 today based on a price of $135.61 for LYV at the time of writing.
<h3>Live Nation Entertainment's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737153016_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Live Nation Entertainment 10 Years Ago Would Be Worth Today

Offerings

MOBX

Mobix Labs Files For Mixed Shelf Offering Of Up To $75M

Management

OKLO

Oklo's Christopher Wright Notified He Intended To Resign As A Director Upon His Confirmation As United States Secretary Of Energy

KULR

KULR Technology Group Files For Mixed Shelf Offering; Size Not Disclosed

MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

MIGI

Mawson Infrastructure Group Appoints William C. Regan As Chief Financial Officer

On January&nbsp;13, 2025, Omega Therapeutics, Inc. (the "Company") received a notice of default (the "Notice of Default") under the Loan and Security Agreement, dated as of March&nbsp;9, 2018 (the "Loan Agreement"), by and between the Company and Banc of California ("BOC"), from BOC.
The Notice of Default specified that, in BOC's view, one or more events of default had occurred based on alleged material adverse changes in the Company's cash runway, financing opportunities, solvency, pre-clinical programs, stock price and corporate governance, pursuant to Sections 6.2, 8.3 and 8.5 of the Loan Agreement.
Based on its assertion of the alleged events of default, BOC declared all outstanding obligations under the Loan Agreement immediately due and payable purportedly in accordance with Section&nbsp;9.1(g) of the Loan Agreement. BOC also set off and applied to the balance of the Company's obligations under the Loan Agreement $14,666,666.72 of deposits of the Company held by BOC.
The Company has responded by letter to the Notice of Default, advising BOC that no events of default under the Loan Agreement have occurred or are continuing. Prior to receiving the Notice of Default, the Company had maintained the required minimum cash balances, and has timely paid BOC its indebtedness and other obligations as they become due. In addition, the bases for an event of default asserted in the Notice of Default, including with respect to the Company's stock price and corporate governance, do not align with the covenants in the Loan Agreement. The Company believes it is not in default under the Loan Agreement, and that BOC did not have the right to accelerate the indebtedness or otherwise pursue remedies thereunder, and has attempted to resolve this matter with BOC consensually, while reserving all of its rights to legal or regulatory action.

Financing

Legal

OMGA

Omega Therapeutics Receives Default Notice From Banc Of California; Disputes Alleged Breach Of Loan Terms, Bank Sets Off $14.67M Deposits; Maintains Compliance Claims, Seeks Resolution

Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has outperformed the market over the past 10 years by 11.71% on an annualized basis producing an average annual return of 22.95%. Currently, Meta Platforms has a market capitalization of $1.55 trillion. 
Buying $100 In META: If an investor had bought $100 of META stock 10 years ago, it would be worth $798.50 today based on a price of $612.36 for META at the time of writing.
<h3>Meta Platforms's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737152107_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Meta Platforms 10 Years Ago Would Be Worth Today

On January 17, 2025, Tetra Tech EC, Inc. ("TtEC"), a wholly owned subsidiary of Tetra Tech, Inc. (the "Company"), entered into a settlement agreement with the United States of America, acting through the Civil Division of the United States Attorney's Office of the United States Department of Justice and on behalf of the Department of the Navy (collectively, the "United States"), and also filed a proposed consent decree with the United States District Court for the Northern District of California (the "Court"), to resolve the previously disclosed civil litigation related to TtEC's performance of environmental remediation services at the former Hunters Point Naval Shipyard in San Francisco, California (the "Covered Conduct").
&nbsp;
Under the terms of the settlement agreement and consent decree, TtEC has agreed to pay to the United States $57 million and $40 million for False Claims Act ("FCA") claims and Comprehensive Environmental Response, Compensation and Liability Act ("CERCLA") claims, respectively (the "Settlement Amounts"), which the Company expects to pay with cash on hand and by drawing on its credit facility. Upon entry of the Consent Decree by the Court and the United States' receipt of the settlement amounts, the United States will release TtEC from any and all civil or administrative monetary claims for the Covered Conduct under the civil FCA, the CERCLA, and other specified civil statutes and common law theories of liability.
&nbsp;
The consent decree is subject to a number of contingencies that could prevent it from being finalized with its current terms. In particular, and without limitation, (i) the consent decree is required to be lodged with the Court for a period of 30 days for public notice and comment, and the United States has reserved the right to withdraw or withhold its consent if the comments regarding the consent decree disclose facts or considerations that indicate the consent decree is inappropriate, improper or inadequate; and (ii) the Court might determine not to enter the consent decree as currently written or as approved by the United States. There can be no assurance that the contingencies will not preclude entry of the consent decree.
&nbsp;
TtEC entered into the settlement agreement and consent decree to avoid the delay, uncertainty and expense of protracted litigation. The settlement agreement and consent decree contain no admission of liability by TtEC. In addition, the settlement agreement and consent decree do not resolve the previously disclosed ancillary claims brought by third-party private plaintiffs from the same services provided by TtEC at Hunters Point.
&nbsp;
TtEC has initiated litigation with the insurance carrier with which TtEC maintained liability policies regarding the reasonably possible payment or reimbursement of a significant portion of the Settlement Amounts. TtEC can give no assurances as to what portion, if any, of the Settlement Amounts will be recovered from the insurance carrier.

TTEK

Tetra Tech Subsidiary Settles Litigation for Hunters Point Remediation with U.S. For $97M; $57M For False Claims Act, $40M For Comprehensive Environmental Response, Compensation and Liability Act; Consent Decree Pending Public Comment And Court Approval; Settlement Agreement Involves No Admission Of Liability, Third-Party Claims Still Unresolved; Insurance Recovery Uncertain

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