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FMCS Statement on the Executive Order “Continuing the Reduction of The Federal Bureaucracy”

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WASHINGTON, March 19, 2025 /PRNewswire/ — The Federal Mediation and Conciliation Service (FMCS) acknowledges the March 14 Executive Order, “Continuing the Reduction of The Federal Bureaucracy,” and is actively reviewing its alignment with the Administration’s previous directives, including the February 11 Workforce Optimization Initiative and February 26 Cost Efficiency Initiative. FMCS is examining how these Executive Orders and guidance work together to ensure a coordinated approach to efficiency, optimization, and mission focus across the federal government.

With a budget of $55 million (<0.0014% of federal budget), FMCS’s work saves the US economy over $500 million annually.

In response to multiple inquiries from both media and clients, FMCS wishes to assure all stakeholders that we remain operational and are continuing to provide our statutorily mandated services, including tracking and servicing approximately 15,000 private sector collective bargaining agreements negotiated annually nationwide. With an annual budget of $55 million (less than 0.0014% of the federal budget), FMCS’s work delivers extraordinarily outsized economic benefits. Using conservative estimates, FMCS’s work saves the American economy well over $500 million annually.

Established under Title II of the Labor-Management Relations Act of 1947 (Taft-Hartley Act), FMCS was created as an independent agency to prevent and minimize labor-management disputes that could disrupt the free flow of commerce. FMCS is statutorily mandated to:

Minimize labor disputes in the private sector through mediation and conciliation services.Support labor-management cooperation under the Labor-Management Cooperation Act, which directs FMCS to encourage joint labor-management initiatives to improve workplace relations.Manage dispute resolution in the health care industry as required by the Health Care Amendments of 1974, ensuring labor disputes do not disrupt health care delivery.Provide mediation services in federal sector labor disputes under the Civil Service Reform Act of 1978.Assist in disputes in the U.S. Postal Service under the Postal Accountability and Enhancement Act of 2006 and provide fact-finding panels for supervisory pay disputes under the Postal Reorganization Act of 1980.

To be clear, FMCS is still operational and performing our statutory functions of collective bargaining mediation work in the private and federal Sectors, USPS dispute cases, labor-management committee work, and providing arbitration panels. Mediation remains the most cost-effective approach, requiring fewer resources and delivering faster resolutions compared to labor disruptions, litigation, or administrative hearings. FMCS will continue working with the Office of Management and Budget (OMB) to secure approval of its efficiency-focused plans, ensuring alignment with administration priorities.

For reference, FMCS remains statutorily required to provide mediation, conciliation, and voluntary arbitration under Title II of the Labor-Management Relations Act (Taft-Hartley). While other statutes have authorized additional activities, FMCS has refocused solely on its mandated functions, consistent with the Executive Orders.

The U.S. Federal Mediation & Conciliation Service (FMCS) is the nation’s premier public agency for dispute resolution and conflict management. FMCS was created by Congress as a neutral and independent government agency upon enactment of the Labor-Management Relations Act of 1947 (Taft-Hartley Act) and mandated to resolve industrial conflict and promote labor-management peace and cooperation, minimizing the impact of these disputes on the free flow of commerce. With headquarters in Washington, D.C. and offices across the country, the agency has a proud track record of decades of effective dispute resolution and conflict management services for employers and unions across industries and work activities in the private, public, and federal sectors. For more on FMCS or to request services, visit www.fmcs.gov

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SOURCE Federal Mediation and Conciliation Service

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Hexagon Composites ASA: Third quarter 2026

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November 6, 2026

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OSLO, Norway, Nov. 6, 2026 /PRNewswire/ — Hexagon Composites (OSE: HEX.OL), world leader in composite cylinder technology and related systems for storage and transportation of gaseous energy, reported revenues of NOK 929 million for third quarter 2026 (Q3’25: 538 million). The reported EBITDA was NOK 108 million (Q3’25: NOK -54 million), resulting in a 12% EBITDA margin (Q3’25: -10%).

“This quarter marks a significant step-up year-over-year, delivering our strongest quarterly performance since the record fourth quarter of 2024,” said Philipp Schramm, CEO of Hexagon Composites. “Over the past year, we have built a stronger foundation for our next phase of growth. We have entered new regions, consolidated markets and delivered into exciting new verticals such as aerospace and data centers. Alongside this important progress, we have also improved our financial strength, with a strong free cash flow conversion, and are well on track to deliver on our full-year targets.”

Outlook

Based on the progress delivered during the first three quarters of the year, the strengthening of our financial position, and normalizing demand in our key markets, we reconfirm our full-year EBITDA guidance of around NOK 300 million, with confidence in delivering toward the high side.

For further details, please see the attached third quarter 2026 report and presentation.

Presentation of the results today at 08:30 am CET
Philipp Schramm, CEO, and Eirik Løhre, CFO, will present the results at 08:30 am CET today, broadcasted live via this link.

The presentation of the results will be a virtual event, followed by a Q&A session. The quarterly report, presentation, and webcast recording will be made available at www.hexagongroup.com.

For more information:
Emily Cherry, Senior Communications & Investor Relations Manager, Hexagon Composites
Telephone: +47 480 90 239 I emily.cherry@hexagongroup.com

Berit-Cathrin Høyvik, Senior Director, Communications & Corporate Affairs, Hexagon Composites
Telephone: +47 988 92 161 | berit-cathrin.hoyvik@hexagongroup.com

About Hexagon Composites ASA

Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation, and conversion to clean energy in a wide range of mobility and industrial applications. Learn more at www.hexagongroup.com and follow @HexagonASA on LinkedIn.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hexagon-composites-asa/r/hexagon-composites-asa–third-quarter-2026,c4420876

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View original content:https://www.prnewswire.co.uk/news-releases/hexagon-composites-asa-third-quarter-2026-302931841.html

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Zhejiang aims to be highland of AI innovation

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40 minutes ago

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November 6, 2026

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BEIJING, Nov. 6, 2026 /PRNewswire/ –A news report from China Daily:

The 2026 World Internet Conference Wuzhen Summit concluded on Thursday after a four-day run. Beyond Wuzhen, a profound transformation driven by artificial intelligence is underway in Zhejiang’s workshops, laboratories and daily life. Building on years of efforts to deepen the Digital Zhejiang initiative, the province is aiming to become a hub of AI innovation.

In the first eight months, revenue of enterprises above designated size in Zhejiang’s core AI industry reached 582.87 billion yuan ($87.2 billion), up 26.9 percent year-on-year. The number of core industry enterprises rose to 2,112, forming a full industry-chain layout spanning chips, large models, intelligent agents and application services.

Computing power is one of the key infrastructure pillars of Zhejiang’s AI development. At a sock factory workshop in Zhuji, a designer can generate 20 original patterns within three minutes. In Yiwu, traders rely on an AI computing platform to produce high-definition product images and marketing short videos with a single click.

Powering these AI application scenarios is a province-wide integrated computing network built by China Mobile’s Zhejiang branch.

As of the end of September, Zhejiang’s total computing power reached 197 EFLOPS (short for ExaFLOPS, a unit of computing performance that quantifies the number of floating-point operations a computer can perform per second), ranking among the highest in the country. Of this, 54 enterprises and institutions in the province received national computing-power vouchers totaling 408 million yuan, accounting for 37 percent of the national total.

“As the Hangzhou and Jiashan intelligent computing centers are put into operation, Zhejiang can achieve millisecond-level access to computing, integrated computing-network scheduling and one-stop security assurance,” said Qiu Xiaoyuan, a manager at China Mobile’s Zhejiang branch.

Large models are another key factor to the game. With the Qwen and DeepSeek large models iterating continuously, Zhejiang’s model ecosystem aims to take the leading position.

In the 2026 government work report of Zhejiang, the province proposed the goal of gaining a leading position in AI development and striving to build a high-quality open-source ecosystem. Open source has been listed as one of the core levers of the province’s AI strategy.

Located in Xihu district, Hangzhou, the ModelScope community is among China’s largest AI open-source communities. Online, it brings together more than 29 million AI developers and more than 200,000 models worldwide, lowering the threshold for AI-related innovation.

Chen Tianrun, born after 2000, is a doctoral student at Zhejiang University and founder of Moxin Technology, which independently developed MoWorld, a real-time interactive world model built entirely on domestic neural processing units. An NPU is a specialized computer microprocessor designed to mimic the processing function of the human brain.

“The relationship between AI and humans is not about AI replacing humans, but about AI and humans working together to do more to raise productivity,” Chen said.

Backed by new production factors such as computing power, models and data, Zhejiang is breaking through its natural-resource constraints to become a trendsetter in innovation.

The Zhejiang provincial government hosted a series of major events during the 2026 WIC Wuzhen Summit, featuring interactive experiences and surprises.

On Monday, at the Light of Internet Expo, a signature event of the WIC Wuzhen Summit, more than 30 embodied-intelligence robots — from companies such as AgiBot, UBTech, Unitree and Zhongke Fifth Era — brought visitors to the world of perceptual intelligence.

Among them, the world’s first bipedal humanoid robot capable of playing badminton with humans autonomously became the centerpiece. The robot has also mastered table tennis; the faster the ball travels, the faster it reacts.

The Global Internet Competition of “Straight to Wuzhen” is another highlight event of the WIC Wuzhen Summit. Since registration opened in June, it has attracted 1,347 projects and one-person company entries from 31 countries and regions.

The Digital Economy Industrial Cooperation Conference held on Wednesday was a signature event of the Wuzhen Summit’s permanent venue. Over the past three years, annual signings of digital economy industrial projects at the event have each exceeded 100 billion yuan.

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SOURCE China Daily

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Broadridge’s Distributed Ledger Repo Processes $7.6 Trillion in October

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November 6, 2026

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October 2026 ADV reaches $345 billion as Broadridge continues to advance institutional tokenization infrastructure

NEW YORK, Nov. 6, 2026 /PRNewswire/ — Broadridge (NYSE: BR), global Fintech leader, today announced that its Distributed Ledger Repo (DLR) processed an average of $345 billion in daily repo transactions during October, with volumes totaling $7.6 trillion. The total settled volume reflects the continued scale of tokenized securities financing activity as Broadridge expands its digital asset infrastructure through its recently launched DLX platform.

“DLR has laid the groundwork for the next phase of tokenization, as institutions increasingly shift their focus from exploring initial digital assets use cases to scaling these capabilities across their businesses,” said Horacio Barakat, Global Head of Digital Innovation at Broadridge. “In 2027, we anticipate further integration of tokenized assets into everyday financial market operations, helping institutions unlock efficiencies across the asset lifecycle. Through DLR and our broader DLX platform, we’re focused on making these capabilities more accessible and practical for financial institutions.”

Building on DLR’s proven infrastructure and institutional experience, DLX extends Broadridge’s tokenization capabilities beyond securities financing into a broader range of assets and workflows, spanning issuance, trading, settlement, servicing and distribution. Together, DLR and DLX equip financial institutions with the trusted, resilient technology and operational controls needed to integrate tokenized assets into existing market operations, helping bridge traditional and digital markets while reducing complexity.

To learn more about DLR, the world’s largest institutional platform for settling tokenized real assets, visit Broadridge’s DLR.

About Broadridge’s Tokenization Solutions

Broadridge is building the governance layer for tokenized equities, ensuring investors have access to trusted, institutional-grade governance as securities move on-chain. Through proxy voting, investor communications, disclosures, and corporate actions, Broadridge helps investors exercise their ownership rights across tokenized and traditional holdings, including across issuer-sponsored and third-party tokenization models. 

Broadridge connects traditional and digital finance with the trusted infrastructure institutions need to put tokenization to work. DLX, its multi-chain digital asset platform, brings together capabilities across issuance, distribution, trading, financing, settlement, custody, and asset servicing. DLX builds on the production experience of Broadridge’s Distributed Ledger Repo (DLR) solution, the world’s largest institutional platform for settling tokenized real assets, tokenizing more than $345 billion of repo’s a day. 

Through its integrated platform and connected partner ecosystem, Broadridge helps issuers, banks, broker-dealers, asset managers, and wealth firms bring tokenized investments to market, mobilize collateral, and connect investors to new opportunities through existing systems and workflows. By orchestrating the ecosystem rather than requiring clients to rebuild it, Broadridge helps firms manage complexity and scale across traditional and on-chain markets. 

About Broadridge

Broadridge is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. Broadridge powers investing, governance, and communications for clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Broadridge’s technology and operations platforms process and generate over 8 billion communications annually and underpin the daily average trading of over $18 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing approximately 16,000 associates in 28 countries.

For more information about us, please visit www.broadridge.com.

Broadridge Contacts:

Investors: 
broadridgeir@broadridge.com  

Media:
Gregg.Rosenberg@broadridge.com

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SOURCE Broadridge Financial Solutions, Inc.

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