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ISM REPORTS ECONOMIC ACTIVITY TO EXPAND THROUGH 2026

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Manufacturing Expected to Expand in 2026; Revenue to Increase 8.4%; Capital Expenditures to Increase 4.9%; Capacity Utilization at 86.9%; Services Expected to Expand in 2026; Revenue to Increase 8.6%; Capital Expenditures to Increase 6.4%; Capacity Utilization at 91.3%

TEMPE, Ariz., June 17, 2026 /PRNewswire/ — The U.S. economy is expected to continue to expand over the rest of 2026, say the nation’s purchasing and supply executives in the Spring 2026 ISM Supply Chain Planning Forecast (formerly known as the Spring ISM Semiannual Economic Forecast). Expectations for the remainder of 2026 are higher than those expressed in December 2025. The U.S. economy continues to successfully battle the headwinds posed by trade issues, continued inflation concerns, and geopolitical uncertainty.

These projections are part of the forecast issued by Institute for Supply Management® (ISM®) Business Survey panelists. The forecast was presented today by Susan Spence, MBA, Chair of the ISM Manufacturing Business Survey Committee, and Steve Miller, CPSM, CSCP, Chair of the ISM Services Business Survey Committee.

Manufacturing Summary
Revenue for 2026 is expected to increase, on average, by 8.4 percent. This is 4 percentage points higher than the December 2025 forecast of 4.4 percent, and 5.9 percentage points higher than the 2.5 percentage point year-over-year increase reported for 2025. Eighty-two percent of respondents say that revenues for 2026 will increase, on average, 12.7 percent compared to 2025. Seventeen percent say revenues will decrease (12 percent, on average), and zero percent indicate no change. With an operating rate of 86.9 percent, a projected 4.9 percent increase in capital expenditures, a 14.1-percent increase in prices paid for raw materials and a marginal (1.4 percent) increase in employment expected by the end of 2026, the manufacturing sector will continue to grow through 2026. “With 14 manufacturing industries expecting revenue growth and seven industries expecting employment growth in 2026, panelists forecast a healthy rest of the year. Sentiment in each industry was generally consistent with performance reports in the May 2026 Manufacturing ISM® PMI® Reports, as well as the fall ISM Supply Chain Planning Forecast released in December,” says Spence.

The 14 of 18 industries that report projected revenue increases for the rest of 2026, listed in order, are: Nonmetallic Mineral Products; Paper Products; Primary Metals; Fabricated Metal Products; Electrical Equipment, Appliances & Components; Plastics & Rubber Products; Printing & Related Support Activities; Transportation Equipment; Food, Beverage & Tobacco Products; Computer & Electronic Products; Furniture & Related Products; Miscellaneous Manufacturing; Machinery; and Chemical Products.

Services Summary
Respondents expect 8.6 percent growth in revenues in 2026, 4 percentage points higher than the 4.6-percent increase forecast in December 2025. Eighty-one percent of respondents say that revenues for 2026 will increase, on average, 12.9 percent compared to 2025. Meanwhile, 15 percent expect their revenues to decrease (11.3 percent, on average), and 4 percent indicate no change. “The services sector will continue to lead the economy in 2026. Services companies are currently operating at 91.3 percent of normal capacity. Supply managers indicate that prices are expected to increase 8.9 percent over the year, reflecting increasing inflation. Employment is projected to grow only slightly (0.9 percentage point). Sixteen industries forecast increased revenues, the same as predicted in in December 2025,” says Miller.

The 16 services industries projecting revenue increases in 2026, listed in order, are: Mining; Retail Trade; Finance & Insurance; Wholesale Trade; Arts, Entertainment & Recreation; Other Services; Real Estate, Rental & Leasing; Public Administration; Information; Utilities; Professional, Scientific & Technical Services; Health Care & Social Assistance; Management of Companies & Support Services; Accommodation & Food Services; Educational Services; and Transportation & Warehousing.

OPERATING RATE

Manufacturing
Purchasing and supply executives report that their companies are operating, on average, at 86.9 percent of normal capacity, 4.5 percentage points higher than the figure reported in December 2025. The six industries reporting operating capacity levels above the average rate of 86.9 percent — listed in order — are: Nonmetallic Mineral Products; Paper Products; Primary Metals; Transportation Equipment; Computer & Electronic Products; and Fabricated Metal Products.

Services
Organizations are operating, on average, at 91.3 percent of normal capacity, according to Business Survey panelists. This is 1.1 percentage points higher compared to December 2025. The eight industries operating at capacity levels above the average rate of 91.3 percent — listed in order — are: Mining; Retail Trade; Educational Services; Utilities; Finance & Insurance; Professional, Scientific & Technical Services; Health Care & Social Assistance; and Transportation & Warehousing.

Operating Rate

Manufacturing

Services

May
2025

Dec
2025

Jun*
2026

May

2025

Dec

2025

Jun

2026

90%+

37 %

39 %

44 %

49 %

67 %

51 %

50%-89%

55 %

60 %

53 %

48 %

32 %

44 %

Below 50%

8 %

1 %

3 %

3 %

1 %

5 %

Overall Average

79.2 %

82.4 %

86.9 %

86.5 %

90.2 %

91.3 %

*All June data reflects a reissued survey following a technical data-capture issue identified during final quality checks in May.

PRODUCTION CAPACITY

Manufacturing
Production capacity is expected to increase 9.7 percent in 2026. In December, panelists reported an increase of 2.8 percentage points for 2025 and projected an increase of 5.2 percent this year. Seventy-six percent of respondents expect capacity increases in 2026. Sixteen percent expect decreases, on average, of 13.6 percent; and 8 percent expect no change. The 14 industries expecting increased production capacity in 2026 — listed in order — are: Nonmetallic Mineral Products; Wood Products; Printing & Related Support Activities; Computer & Electronic Products; Electrical Equipment, Appliances & Components; Transportation Equipment; Fabricated Metal Products; Miscellaneous Manufacturing; Plastics & Rubber Products; Primary Metals; Chemical Products; Machinery; Furniture & Related Products; and Food, Beverage & Tobacco Products.

Manufacturing Production Capacity

For 2025

For 2026

For 2026

Reported
Dec 2025

Magnitude
of Change

Predicted

Dec 2025

Magnitude
of Change

Predicted
Jun 2026

Magnitude
of Change

Higher

33 %

+12.7 %

46 %

+12.6 %

76 %

+15.8 %

Same

52 %

NA

48 %

NA

8 %

NA

Lower

15 %

-8.8 %

6 %

-11.5 %

16 %

-13.6 %

Net Average

+2.8 %

+5.2 %

+9.7 %

Services
The capacity to produce products or provide services in the services sector is expected to increase 7.1 percent in 2026. This compares to an increase of 3 percent reported for 2025 and a December projection of a 2.1-percent increase for this year. Seventy-nine percent of services respondents expect their capacity for 2026 to increase, on average, 13.6 percent, and 14 percent foresee capacity decreasing, on average, 25.3 percent. Seven percent expect no change in capacity. The 15 industries expecting production capacity increases for 2026 — listed in order — are: Mining; Retail Trade; Construction; Arts, Entertainment & Recreation; Management of Companies & Support Services; Accommodation & Food Services; Real Estate, Rental & Leasing; Wholesale Trade; Transportation & Warehousing; Professional, Scientific & Technical Services; Information; Educational Services; Health Care & Social Assistance; Utilities; and Public Administration.

Services Production or Provision Capacity

For 2025

For 2026

For 2026

Reported

Dec 2025

Magnitude
of Change

Predicted

Dec 2025

Magnitude
of Change

Predicted
Jun 2026

Magnitude
of Change

Higher

28 %

+11.6 %

21 %

+11.1 %

79 %

+13.6 %

Same

68 %

NA

73 %

NA

7 %

NA

Lower

4 %

-8.6 %

6 %

-4.9 %

14 %

-25.3 %

Net Average

+3.0 %

+2.1 %

+7.1 %

PREDICTED CAPITAL EXPENDITURES — 2026 vs. 2025

Manufacturing
Survey respondents expect a 4.9 percent increase in capital expenditures in 2026, 1.9 percentage points higher than the 3 percent increase forecast by the panel in December. Sixty percent of respondents predict increased capital expenditures in 2026, 34 percent said their capital spending will decrease (on average, 23.7 percent), and 6 percent expect no change. The 10 industries expecting an increase in capital expenditures for 2026 — listed in order — are: Nonmetallic Mineral Products; Primary Metals; Printing & Related Support Activities; Computer & Electronic Products; Electrical Equipment, Appliances & Components; Miscellaneous Manufacturing; Transportation Equipment; Fabricated Metal Products; Machinery; and Food, Beverage & Tobacco Products.

Services
This year, services purchasing and supply executives expect capital expenditures to increase 6.4 percent compared to 2025. The 70 percent of respondents expecting to spend more predict an average increase of 14.4 percent, 23 percent anticipate an average decrease of 15.5 percent, and 7 percent expect no change in capital expenditures in 2026. The 15 industries expecting an increase in capital expenditures, in order, are: Mining; Retail Trade; Construction; Arts, Entertainment & Recreation; Agriculture, Forestry, Fishing & Hunting; Other Services; Public Administration; Information; Health Care & Social Assistance; Wholesale Trade; Utilities; Educational Services; Professional, Scientific & Technical Services; Finance & Insurance; and Transportation & Warehousing.

Predicted Capital Expenditures 2026 vs. 2025

Manufacturing

Services

Predicted

Dec 2025

Predicted
Jun 2026

Magnitude
of Change

Predicted

Dec 2025

Predicted
Jun 2026

Magnitude
of Change

Higher

32 %

60 %

+21.1 %

37 %

70 %

+14.4 %

Same

46 %

6 %

NA

51 %

7 %

NA

Lower

22 %

34 %

-23.7 %

12 %

23 %

-15.5 %

Net Average

+3.0 %

+4.9 %

+2.5 %

+6.4 %

PRICES — Changes Between End of 2025 and June 2026

Manufacturing
In the December forecast, respondents predicted an increase of 5.4 percent in prices paid during the first four months of 2026; they now report price increases by 11.9 percent. Ninety-four percent of respondents reported that their prices are higher now than at the end of 2025 with an average increase of 13.3 percent for the early months of 2026. Five percent of respondents reported lower prices (by 13.7 percent, on average). The remaining 1 percent indicated no change for the period. Seventeen manufacturing industries reported an increase in prices paid for the first part of 2026, in the following order: Nonmetallic Mineral Products; Paper Products; Primary Metals; Transportation Equipment; Computer & Electronic Products; Fabricated Metal Products; Electrical Equipment, Appliances & Components; Wood Products; Plastics & Rubber Products; Furniture & Related Products; Printing & Related Support Activities; Apparel, Leather & Allied Products; Petroleum & Coal Products; Machinery; Chemical Products; Food, Beverage & Tobacco Products; and Miscellaneous Manufacturing.

Services
Services respondents report that purchases during the first five months of this year cost an average of 7.7 percent more than at the end of 2025. This is more than double the percentage increase predicted in December (3.8 percent). Ninety-four percent of services respondents report that prices increased, on average, 9.8 percent; 5 percent report price decreases of, on average, 26.1 percent; and 1 percent indicate no change. All 18 industries reported an increase in prices paid in the first part of 2026, listed in order: Mining; Educational Services; Finance & Insurance; Transportation & Warehousing; Construction; Public Administration; Arts, Entertainment & Recreation; Management of Companies & Support Services; Agriculture, Forestry, Fishing & Hunting; Other Services; Real Estate, Rental & Leasing; Professional, Scientific & Technical Services; Health Care & Social Assistance; Utilities; Wholesale Trade; Information; Retail Trade; and Accommodation & Food Services.

Prices — Changes Between End of 2025 and June 2026

Manufacturing

Services

Predicted

Dec 2025

Reported
Jun 2026

Magnitude
of Change

Predicted

Dec 2025

Reported
Jun 2026

Magnitude
of Change

Higher

69 %

94 %

+13.3 %

64 %

94 %

+9.8 %

Same

23 %

1 %

NA

34 %

1 %

NA

Lower

8 %

5 %

-13.7 %

2 %

5 %

-26.1 %

Net Average

+5.4 %

+11.9 %

+3.8 %

+7.7 %

PRICES — Predicted Changes Between End of 2025 and End of 2026

Manufacturing
Survey respondents expect a year-over-year, net-average prices increase of 14.1 percent for 2026. With respondents reporting price increases of 11.9 percent, prices are projected to continue to increase for the rest of the year. Ninety-seven percent of respondents project prices to increase, on average, 14.6 percent for the full year, 2 percent anticipate a decrease (4.7 percent, on average), and 1 percent expect no change. The 17 industries expecting price increases for all of 2026, listed in order, are: Nonmetallic Mineral Products; Paper Products; Primary Metals; Transportation Equipment; Fabricated Metal Products; Machinery; Electrical Equipment, Appliances & Components; Wood Products; Plastics & Rubber Products; Furniture & Related Products; Printing & Related Support Activities; Apparel, Leather & Allied Products; Petroleum & Coal Products; Chemical Products; Computer & Electronic Products; Food, Beverage & Tobacco Products; and Miscellaneous Manufacturing.

Services
This year, services respondents expect prices to increase, on average, 8.9 percent compared to the end of 2025. With respondents reporting an increase of 7.7 percent through June 2026, prices are projected to increase somewhat over the rest of the year. Ninety-five percent of respondents anticipate increases of, on average, 10.5 percent; 3 percent expect decreases of, on average, 41 percent; and 2 percent do not expect prices to change. All 18 industries project price increases for all of 2026, listed in order: Mining; Retail Trade; Educational Services; Finance & Insurance; Health Care & Social Assistance; Transportation & Warehousing; Construction; Arts, Entertainment & Recreation; Management of Companies & Support Services; Accommodation & Food Services; Agriculture, Forestry, Fishing & Hunting; Other Services; Real Estate, Rental & Leasing; Professional, Scientific & Technical Services; Public Administration; Utilities; Wholesale Trade; and Information.

Prices — Predicted Changes Between End of 2025 and End of 2026

Manufacturing

Services

Predicted

Dec 2025

Predicted
Jun 2026

Magnitude
of Change

Predicted

Dec 2025

Predicted
Jun 2026

Magnitude
of Change

Higher

66 %

97 %

+14.6 %

65 %

95 %

+10.5 %

Same

26 %

1 %

NA

34 %

2 %

NA

Lower

8 %

2 %

-4.7 %

1 %

3 %

-41.0 %

Net Average

+4.4 %

+14.1 %

+4.2 %

+8.9 %

EMPLOYMENT

Employment — Predicted Changes Between End of 2025 and End of 2026

Manufacturing
ISM’s Manufacturing Business Survey panelists forecast that sector employment in 2026 will increase 1.4 percentage points year over year. Forty-nine percent of respondents expect employment to be, on average, 7.6 percent higher; 41 percent predict employment to decrease, on average, 5.8 percent; and 10 percent expect employment levels to be unchanged. The seven industries projecting employment growth during 2026 — listed in order — are: Electrical Equipment, Appliances & Components; Printing & Related Support Activities; Furniture & Related Products; Computer & Electronic Products; Machinery; Transportation Equipment; and Food, Beverage & Tobacco Products.

Services
Sector employment will increase 0.9 percentage point in 2026, according to the forecast of ISM’s Services Business Survey panelists. For the rest of the year, 53 percent expect employment to increase, on average, 7.7 percent; 30 percent anticipate employment to decrease, on average, 10.7 percent; and 17 percent expect no change in employment levels. The nine industries anticipating increases in employment — in the following order — are: Retail Trade; Construction; Arts, Entertainment & Recreation; Real Estate, Rental & Leasing; Wholesale Trade; Professional, Scientific & Technical Services; Utilities; Information; and Educational Services.

Employment — Predicted Changes Between End of 2025 and End of 2026

Manufacturing

Services

Predicted
for 2026

Dec 2025

Predicted

Jun 2026

Magnitude
of Change

Predicted
for 2026

Dec 2025

Predicted

Jun 2026

Magnitude
of Change

Higher

27 %

49 %

+7.6 %

40 %

53 %

+7.7 %

Same

53 %

10 %

NA

47 %

17 %

NA

Lower

20 %

41 %

-5.8 %

13 %

30 %

-10.7 %

Net Average

+0.4 %

+1.4 %

+2.5 %

+0.9 %

BUSINESS REVENUES

Business Revenues Comparison — 2026 vs. 2025

Manufacturing
Revenues are expected to increase this year as purchasing and supply management executives predict an overall net increase of 8.4 percent compared to 2025. This is 4 percentage points higher than the 4.4-percent increase forecast in December, and 5.9 percentage points higher than the 2.5-percentage point year-over-year increase reported for 2025. Eighty-two percent of respondents say that revenues for 2026 will increase, on average, 12.7 percent; 17 percent say their revenues will decrease, on average, 12 percent; and 0 percent forecast no change. The 14 manufacturing industries expecting increases in revenue in 2026 — listed in order — are: Nonmetallic Mineral Products; Paper Products; Primary Metals; Fabricated Metal Products; Electrical Equipment, Appliances & Components; Plastics & Rubber Products; Printing & Related Support Activities; Transportation Equipment; Food, Beverage & Tobacco Products; Computer & Electronic Products; Furniture & Related Products; Miscellaneous Manufacturing; Machinery; and Chemical Products.

Manufacturing Business Revenue

2025 vs. 2024

2026 vs. 2025

Reported

Dec 2025

% Change

Predicted

Dec 2025

% Change

Predicted

Jun 2026

% Change

Higher

44 %

+12.1 %

56 %

+8.9 %

82 %

+12.7 %

Same

29 %

NA

36 %

NA

0 %

NA

Lower

27 %

-10.2 %

8 %

-8.1 %

17 %

-12.0 %

Net Average

+2.5 %

+4.4 %

+8.4 %

Services
Services purchasing and supply management executives predict growth in sector business revenue compared to 2025. They forecast an increase of 8.6 percent, much higher than the 4.6-percent increase forecast in December, and 4.4 percentage points higher than the 4.2-percent increase reported for 2025. Eighty-one percent of respondents indicate revenues for 2026 will increase, on average, 12.9 percent; 16 percent say their revenues will decrease, on average, 11.3 percent; and 4 percent expect no change. Sixteen of 18 services industries project revenue increases in 2026, listed in order: Mining; Retail Trade; Finance & Insurance; Wholesale Trade; Arts, Entertainment & Recreation; Other Services; Real Estate, Rental & Leasing; Public Administration; Information; Utilities; Professional, Scientific & Technical Services; Health Care & Social Assistance; Management of Companies & Support Services; Accommodation & Food Services; Educational Services; and Transportation & Warehousing.

Services Business Revenue

2025 vs. 2024

2026 vs. 2025

Reported

Dec 2025

% Change

Predicted

Dec 2025

% Change

Predicted

Jun 2026

% Change

Higher

55 %

+9.3 %

54 %

+10.1 %

81 %

+12.9 %

Same

36 %

NA

36 %

NA

4 %

NA

Lower

9 %

-9.3 %

10 %

-9.9 %

15 %

-11.3 %

Net Average

+4.2 %

+4.6 %

+8.6 %

SPECIAL QUESTION TOPIC No. 1: ADJUSTING INVENTORY STOCKING STRATEGIES AMID GLOBAL TARIFF UNCERTAINTY

We asked panelists, “Have you changed your company’s inventory stocking requirements to manage input pricing risks from global tariff negotiations and actions?”

Answer options:

Yes, we are requiring higher levels of inventoryYes, we are requiring lower levels of inventoryNo, we haven’t changed our requirementsDo not measure input inventories

Respondents indicated:

Adjusting Inventory Stocking Strategies

Manufacturing

Services

Reported
May 2025

Reported Jun
2026

Reported
May 2025

Reported Jun
2026

Yes, we are requiring higher levels of
inventory

32 %

32 %

16 %

10 %

Yes, we are requiring lower levels of
inventory

17 %

49 %

9 %

7 %

No, we haven’t changed our
requirements

51 %

16 %

37 %

37 %

Do not measure input inventories

0 %

3 %

39 %

46 %

SPECIAL QUESTION TOPIC No. 2: PRICE ADJUSTMENTS IN RESPONSE TO TARIFFS

We asked panelists, “How do you plan to change your selling prices for products or services in response to tariffs?”

Answer options:

We plan to pass on all of the cost increases into sales pricesWe plan to pass on some of the cost increases into sales prices and to absorb some through reduced marginsWe plan to pass on some of the cost increases into sales prices and to pass on the rest to other untariffed products or services we provideWe plan to absorb all of cost increases through reduced marginsOur costs will not be affected by tariffs, but we plan to use tariffs as an opportunity to raise pricesOur costs will not be affected by tariffs, and we do not plan to change prices because of tariffs

Respondents indicated:

Price Adjustments in Response to Tariffs

Manufacturing

Services

Reported May
2025

Reported
Jun 2026

Reported
May 2025

Reported
Jun 2026

We plan to pass on all of the cost
increases into sales prices

35 %

26 %

23 %

20 %

We plan to pass on some of the cost
increases into sales prices and to
absorb some through reduced margins

52 %

46 %

28 %

22 %

We plan to pass on some of the cost
increases into sales prices and to pass
on the rest to other untariffed products
or services we provide

4 %

5 %

8 %

12 %

We plan to absorb all of cost increases
through reduced margins

3 %

17 %

14 %

20 %

Our costs will not be affected by tariffs,
but we plan to use tariffs as an
opportunity to raise prices

2 %

2 %

4 %

1 %

Our costs will not be affected by tariffs,
and we do not plan to change prices
because of tariffs

5 %

4 %

23 %

25 %

SPECIAL QUESTION TOPIC No. 3: ALTERNATIVE STRATEGIES TO NAVIGATE TRADE POLICY CHANGES

We asked panelists, “Besides raising prices, what other strategies are you implementing in response to recent or anticipated changes in trade policies?”

Answer options:

We plan to increase inventory of imported inputsWe plan to change the mix of products we sellWe plan to change the specifications of products we sellWe plan to reshore production domestically or move it to other countriesOther (reasons)

Respondents indicated:

Strategies Beyond Price Hikes

Manufacturing

Services

Reported May
2025

Reported
Jun 2026

Reported May
2025

Reported Jun
2026

We plan to increase inventory of
imported inputs

13 %

18 %

15 %

6 %

We plan to change the mix of
products we sell

12 %

12 %

16 %

19 %

We plan to change the
specifications of products we sell

7 %

12 %

9 %

13 %

We plan to reshore production
domestically or move it to other
countries

40 %

38 %

20 %

30 %

Other

28 %

20 %

41 %

32 %

SPECIAL QUESTION TOPIC No. 4: PLANS TO RESHORE PRODUCTION

We asked panelists, “In the next six months, does your organization plan to reshore final or intermediate production from abroad?”

Answer options:

Yes, we are actively looking into shifting production to the U.S. from abroadYes, we are actively looking into shifting production domestically, but our plan will take longer than six monthsNo, we are not reshoring to the domestic market but looking for alternative trade partners in less tariff-impacted countriesNo, we are not looking into changing our supply chain partners

Respondents indicated:

Plans to Reshore Production

Manufacturing

Services

Reported

May 2025

Reported

Jun 2026

Reported

May 2025

Reported

Jun 2026

Yes, we are actively looking into
shifting production to the U.S.
from abroad

8 %

7 %

8 %

5 %

Yes, we are actively looking into
shifting production domestically,
but our plan will take longer
than six months

27 %

15 %

11 %

7 %

No, we are not reshoring to the
domestic market but looking for
alternative trade partners in less
tariff-impacted countries

31 %

35 %

21 %

14 %

No, we are not looking into
changing our supply chain
partners

34 %

43 %

60 %

74 %

SPECIAL QUESTION TOPIC No. 5: EFFECT OF OIL PRICES

We asked panelists, “What will be the effect of the rising oil prices on your business?”

Answer options:

Large positive effect.Small positive effect.Neutral.Small negative effect.Large negative effect.

Effect of Rising Oil Prices

Manufacturing

Services

Reported Jun 2026

Reported Jun 2026

Large positive effect

7 %

1 %

Small positive effect

7 %

3 %

Neutral

11 %

16 %

Small negative effect

46 %

55 %

Large negative effect

29 %

25 %

SPECIAL QUESTION TOPIC No. 6: RESPONSE TO OIL PRICE SHOCK

We asked panelists, “How do you plan to change your selling prices for products or services in response to the recent oil price shock?”

Answer options:

We plan to pass on all of the cost increases into sales prices.We plan to pass on some of the cost increases into sales prices and to absorb some through reduced margins.We plan to pass on some of the cost increases into sales prices and to pass on the rest to other unaffected products or services we provide.We plan to absorb all of cost increases through reduced margins.Our costs will not be affected by the oil price shock, but we plan to use it as an opportunity to raise prices.Our costs will not be affected by the oil price shock, and we do not plan to change prices because of it.

                                                  Pricing Response to Oil Shock

Manufacturing

Services

Reported Jun 2026

Reported Jun 2026

We plan to pass on all of the
cost increases into sales prices.

27 %

16 %

We plan to pass on some of the
cost increases into sales prices
and to absorb some through
reduced margins.

33 %

15 %

We plan to pass on some of the
cost increases into sales prices
and to pass on the rest to other
unaffected products or services
we provide.

16 %

18 %

We plan to absorb all of cost
increases through reduced
margins.

22 %

23 %

Our costs will not be affected by
the oil price shock, but we plan
to use it as an opportunity to
raise prices.

0 %

1 %

Our costs will not be affected by
the oil price shock, and we do
not plan to change prices
because of it.

2 %

27 %

SPECIAL QUESTION TOPIC No. 7: OVERALL EFFECT OF AI ON EMPLOYMENT

We asked panelists, “What has been the overall effect of AI on employment of your business?”

Answer options:

We are planning some layoffs after the introduction of AI.We are currently not hiring because of AI.We have created new position after the introduction of AI.AI so far hasn’t had noticeable effects on hiring/layoff decisions at our business.

Effect of AI on Employment

Manufacturing

Services

Reported Jun 2026

Reported Jun 2026

We are planning some layoffs after the introduction of
AI.

5 %

9 %

We are currently not hiring because of AI.

13 %

9 %

We have created new position after the introduction of
AI.

6 %

9 %

AI so far hasn’t had noticeable effects on hiring/layoff
decisions at our business.

76 %

73 %

SPECIAL QUESTION TOPIC No. 8:SELECT AI TOOLS BEING USED

We asked panelists, “Which of the following AI tools are you using at your business?”

Answer options*:

We don’t use AI at our business.We use generative AI chatbots.We use AI agents.Other.

AI Tools Used

Manufacturing

Services

Reported Jun 2026

Reported June 2026

We don’t use AI at our business.

18 %

18 %

We use generative AI chatbots.

51 %

54 %

We use AI agents.

45 %

50 %

Other.

8 %

9 %

*Percentages add to more than 100% because respondents were able to select one or more of the following choices:

“We use generative AI chatbots.”
“We use AI agents.”
“Other.”

SUMMARY

Manufacturing

Operating rate is 86.9 percent of normal capacity.Production capacity is expected to increase 9.7 percent in 2026.Capital expenditures are expected to increase 4.9 percent in 2026.Prices paid increased 11.9 percent through June 2026.Prices of raw materials are expected to increase a total of 14.1 percent for all of 2026, indicating an expected increase of 2.2 percentage points for the rest of the year.Manufacturing employment is expected to increase 1.4 percent in 2026.Manufacturing revenues are expected to increase 8.4 percent in 2026.The manufacturing sector is expected to grow in 2026.

Services

Operating rate is 91.3 percent of normal capacity.Production capacity is expected to increase 7.1 percent in 2026.Capital expenditures are expected to increase 6.4 percent in 2026.Prices paid increased 7.7 percent through June 2026.Prices of raw materials are expected to increase a total of 8.9 percent for all of 2026, indicating expectations of continuing inflation.Services employment is expected to increase 0.9 percentage point in 2026.Services revenues are expected to increase 8.6 percent in 2026.The services sector is projected to grow in 2026.

About This Report
In addition to the forecast, the Manufacturing ISM® PMI® Report is issued monthly on the first business day of each month and is considered by many economists to be the most reliable near-term economic barometer available. It is reviewed regularly by top government agencies and economic business leaders. The report, compiled from responses to questions asked of purchasing and supply executives across the country, tracks industrial production, new orders, inventories, supplier deliveries, employment, buying policies and prices. Manufacturing Business Survey panelists are divided into the following NAICS code categories: Food, Beverage & Tobacco Products; Textile Mills; Apparel, Leather & Allied Products; Wood Products; Paper Products; Printing & Related Support Activities; Petroleum & Coal Products; Chemical Products; Plastics & Rubber Products; Nonmetallic Mineral Products; Primary Metals; Fabricated Metal Products; Machinery; Computer & Electronic Products; Electrical Equipment, Appliances & Components; Transportation Equipment; Furniture & Related Products; and Miscellaneous Manufacturing (including products such as Medical Equipment & Supplies, Jewelry, Sporting Goods, Toys & Office Supplies).

Covering the services sector, ISM® debuted the Services ISM® PMI® Report in June 1998. The Services ISM® PMI® Report is released on the third business day of each month and is based on data received from purchasing and supply executives from 18 different Services industries across the country. The Services ISM® PMI® Report is diversified by NAICS, based on each industry’s contribution to gross domestic product (GDP). The Services Business Survey panelists are divided into the following NAICS code categories: Agriculture, Forestry, Fishing & Hunting; Mining; Utilities; Construction; Wholesale Trade; Retail Trade; Transportation & Warehousing; Information; Finance & Insurance; Real Estate, Rental & Leasing; Professional, Scientific & Technical Services; Management of Companies & Support Services; Educational Services; Health Care & Social Assistance; Arts, Entertainment & Recreation; Accommodation & Food Services; Other Services (including Equipment & Machinery Repairing; Promoting or Administering Religious Activities; Grant making; Advocacy; and Providing Dry-Cleaning & Laundry Services, Personal Care Services, Death Care Services, Pet Care Services, Photofinishing Services, Temporary Parking Services, and Dating Services); and Public Administration. The report covers business activity, new orders, backlog of orders, new export orders, inventory change, inventory sentiment, imports, prices, employment, and supplier deliveries.

About Institute for Supply Management®
Institute for Supply Management® (ISM®) is the first and leading not-for-profit professional supply management organization worldwide. Its community of more than 50,000 in more than 100 countries manages about US$1 trillion in corporate and government supply chain procurement annually. Founded in 1915 by practitioners, ISM is committed to advancing the practice of supply management to drive value and competitive advantage for its members, contributing to a prosperous and sustainable world. ISM empowers and leads the profession through the ISM® PMI® Reports, its highly regarded certification and training programs, corporate services, events and assessments. The ISM® PMI® Reports, Manufacturing, and Services are two of the most reliable economic indicators available, providing guidance to supply management professionals, economists, analysts, and government and business leaders. For more information, please visit: www.ismworld.org.

ISM PMI Content
The Institute for Supply Management® (“ISM”) PMI® Reports (both Manufacturing and Services) (“ISM PMI”) contains information, text, files, images, images, video, sounds, musical works, works of authorship, applications, and any other materials or content (collectively, “Content”) of ISM (“ISM PMI Content”). ISM PMI Content is protected by copyright, trademark, trade secret, and other laws, and as between you and ISM, ISM owns and retains all rights in the ISM PMI Content. ISM hereby grants you a limited, revocable, nonsublicensable license to access and display on your individual device the ISM PMI Content (excluding any software code) solely for your personal, non-commercial use. The ISM PMI Content may also contain Content of users and other ISM licensors. Except as provided herein or as explicitly allowed in writing by ISM, you may not copy, download, stream, capture, reproduce, duplicate, archive, upload, modify, translate, publish, broadcast, transmit, retransmit, distribute, perform, display, sell, or otherwise use any ISM PMI Content.

Except as explicitly and expressly permitted by ISM, you are strictly prohibited from creating works or materials (including but not limited to tables, charts, data streams, timeseries variables, fonts, icons, link buttons, wallpaper, desktop themes, on-line postcards, montages, mash-ups and similar videos, greeting cards, and unlicensed merchandise) that derive from or are based on the ISM PMI Content. This prohibition applies regardless of whether the derivative works or materials are sold, bartered, or given away. You may not either directly or through the use of any device, software, internet site, web-based service, or other means remove, alter, bypass, avoid, interfere with, or circumvent any copyright, trademark, or other proprietary notices marked on the Content or any digital rights management mechanism, device, or other content protection or access control measure associated with the Content including geo-filtering mechanisms. Without prior written authorization from ISM, you may not build a business utilizing the Content, whether or not for profit.

You may not create, recreate, distribute, incorporate in other work, or advertise an index of any portion of the Content unless you receive prior written authorization from ISM. Requests for permission to reproduce or distribute ISM PMI Content can be made by contacting in writing at: ISM Research, Institute for Supply Management, 350 W. Washington St. — Papago Gateway, Suite 301, Tempe, AZ 85288-1495, or by emailing kcahill@ismworld.org, Subject: Content Request.

ISM shall not have any liability, duty, or obligation for or relating to the ISM PMI Content or other information contained herein, any errors, inaccuracies, omissions or delays in providing any ISM PMI Content, or for any actions taken in reliance thereon. In no event shall ISM be liable for any special, incidental, or consequential damages arising out of the use of the ISM PMI. Manufacturing PMI® and Services PMI® are registered trademarks of Institute for Supply Management®. Institute for Supply Management® and ISM® are registered trademarks of Institute for Supply Management, Inc.

The full text version of each monthly report is posted on www.ismrob.org on the first and third business days of every month* after 10:00 a.m. (ET).

The next Manufacturing ISM® PMI® Report featuring the June 2026 data will be released at 10:00 a.m. ET on Wednesday, July 1, 2026.

The next Services ISM® PMI® Report featuring the June 2026 data will be released at 10:00 a.m. ET on Monday, July 6, 2026.

*Unless the New York Stock Exchange is closed.

Contact:

Kristina M. Cahill

PMI® Reports Analyst

ISM® Research & Analytics Manager

Tempe, Arizona

+1 480.455.5910

email: kcahill@ismworld.org

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SOPHiA GENETICS Announces Closing of $57.5 Million Public Offering of Ordinary Shares With Full Exercise of the Underwriters’ Option to Purchase Additional Shares

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BOSTON and ROLLE, Switzerland, June 19, 2026 /PRNewswire/ — SOPHiA GENETICS (Nasdaq: SOPH), a global leader in Ai-driven precision medicine, announced today the closing of its previously announced underwritten public offering with total gross proceeds of $57.5 million, before deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company. As a result of strong investor demand, the offering was oversubscribed, and the underwriters fully exercised their option to purchase an additional 1,578,900 ordinary shares at the public offering price, less the underwriting discounts and commissions. The Company sold 12,104,900 ordinary shares at a price to the public of $4.75 per share, which included the 1,578,900 ordinary shares issued upon exercise in full by the underwriters of their option to purchase additional shares. All of the ordinary shares were sold by the Company.

TD Cowen acted as the lead book-running manager for the offering. Guggenheim Securities acted as book-running manager, and BTIG and Craig-Hallum acted as lead managers for the offering.

A registration statement on Form F-3 (File No. 333-289266) relating to the ordinary shares and other securities of the Company has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and was declared effective on August 15, 2025. The offering was made only by means of a prospectus supplement and accompanying prospectus. A final prospectus supplement and accompanying prospectus relating to this offering has been filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus are available on the SEC’s website located at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating to this offering, may be obtained for free by contacting TD Securities (USA) LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at TDManualrequest@broadridge.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. There is no intention or permission to publicly offer, solicit, sell or advertise, directly or indirectly, any securities of SOPHiA GENETICS SA, such as the ordinary shares, in or into Switzerland within the meaning of the Swiss Financial Services Act (“FinSA”) and these securities will not be listed or admitted to trading on the SIX Swiss Exchange or on any other regulated trading venue (exchange or multilateral trading facility) in Switzerland. Neither this press release nor any other offering or marketing material relating to these securities, such as the ordinary shares, constitutes or will constitute a prospectus pursuant to the FinSA, and neither this press release nor any other offering or marketing material relating to these securities, such as the ordinary shares, may be publicly distributed or otherwise made publicly available in Switzerland.

About SOPHiA GENETICS

SOPHiA GENETICS (Nasdaq: SOPH) is an Ai-native healthcare technology company on a mission to transform patient care by expanding access to data-driven medicine globally. It is the creator of SOPHiA DDM™, an Ai platform that analyzes complex genomic and multimodal data to generate real-time, real-world insights for a broad global network of hospital, laboratory, and biopharma institutions.

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The New Safe Haven Isn’t Gold, It’s Electricity

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FN Media Group Presents Oilprice.com Market Commentary

NEW YORK, June 19, 2026 /PRNewswire/ — The U.S. dollar is cracking—and the market knows it. After years of monetary excess, swelling deficits, and policy uncertainty, the world’s reserve currency is losing its grip as a store of value. Capital is fleeing paper promises and piling into hard assets at a pace not seen in decades.  Companies mentioned in today’s commentary includes:  Bitzero Holdings Inc.  (NASDAQ: AIBZ) (CSE: AIBZ-U), Advanced Micro Devices, Inc. (NASDAQ: AMD), Palantir Technologies Inc. (NASDAQ: PLTR), Quanta Services, Inc. (NYSE: PWR), SpaceX (NASDAQ: SPCX).

Nowhere is this more visible than in precious metals: Gold has surged to above $4,100 per ounce, silver has ripped past $70, and palladium—once written off—has clawed its way back to $1,350. Add an unstable geopolitical backdrop stretching from war in the Middle East to Venezuela and the ongoing Ukraine War, and it’s no surprise that traditional safe havens are looking increasingly crowded—and increasingly fragile. But here’s the twist: even as precious metals soar, the smartest money in the room is already looking past them.

Gold doesn’t generate cash flow. Silver doesn’t power economies. And when trades get crowded, volatility cuts both ways. The dollar debasement trade and overbought precious metals have pushed some institutional investors into something with steady, growing cash flows: generating power for the Data Centre boom. This is something that Canadian billionaire investor Kevin O’Leary understands like no other.

Finding Hottest Real-Estate in Tech

Securing land and dirt-cheap power contracts is the number one pre-requisite for data centre developers, hyperscalers and crypto miners. In a recent interview, O’Leary highlighted how BitZero (NASDAQ: AIBZ) (CSE: AIBZ-U), a company in which he is a strategic backer, created a unique strategic advantage by being able to lease power for compute business such as data centres or crypto miners.  At a time that Big Tech is scrambling for capacity, the real winners control Gigawatts of power capacity and real estate in strategic locations. Smart money didn’t even need a wake-up call.

“The need for new capacity is very urgent—it needs to be procured now,” says Tania Tsoneva, Head of Infrastructure Research at CBRE Investment Management, one of the world’s largest real-estate investment firms. By partnering with operators that have already locked in land, permits, and power supply, hyperscalers can fast-track new compute deployments, effectively bypassing years of development work and moving straight to installing their hardware.

BitZero succeeded in those two hardest challenges and has secured sites with long-term, low-cost electricity at the outset of the AI-boom. This is exactly what sets BitZero apart from its competitors. Because the company owns its land, power infrastructure, and hardware, its cost base is largely fixed. That structure protects margins and allows expansion without renegotiating leases or power-purchase agreements.

Leveraging True Energy Sovereignty

Founded in 2021, Bitzero has quietly assembled one of the most scalable clean-energy portfolios in the digital infrastructure sector, with more than 1 gigawatt of growth capacity across four strategic sites in Norway, Finland, and North Dakota. Its flagship hydro-powered facility in Namsskogan, Norway, already delivers 40 MW of self-mining capacity at power costs below $0.05 per kWh, among the lowest globally.

According to CEO Mohammed Bakhashwain, each million dollars of capital deployed into Bitzero’s grid and mining equipment generates roughly $700,000 in annual net profit. That efficiency comes from vertical integration: the company owns its high-voltage connections and operates as a licensed grid operator at the 132 kV level, eliminating middle-layer grid fees that most competitors still pay. With expansion capacity exceeding 320 MW in Norway, a one-gigawatt campus in Finland, and up to 300 MW staged in North Dakota, Bitzero has achieved something rare in this market: true energy sovereignty. And it’s this energy sovereignty that institutional investors value so much. We’re living in an age where new generation capacity is bottlenecked and new connections to the grid are almost impossible.

Bitzero’s energy sovereignty gives it a rare two-fold advantage in today’s compute economy: it can either lease scarce, low-cost power directly to hyperscalers and data-center operators, or deploy that same power internally to mine Bitcoin at industry-leading margins and potentially run its own GPU clusters. Bitcoin‘s economics now heavily favor miners who control their energy destiny—at current hash difficulty, every fraction shaved off power costs drops straight to the bottom line. Bitzero’s all-in energy cost of about 4.3 cents per kWh—less than half that of major U.S. peers like Riot Platforms and Marathon Digital—puts its cost per Bitcoin near $50,000 today and below $40,000 once new hardware is fully deployed.

That efficiency, combined with ultra-lean operations where five staff run a 40 MW facility using fully automated monitoring and fault-response systems, creates powerful optionality. When Bitcoin economics are attractive, Bitzero mines; when hyperscalers need capacity fast, it can redirect power to AI-ready data centers. This flexibility is already visible in its purpose-built 200 MW Norwegian site on a former UN airbase, designed exclusively for AI compute and expandable to 500 MW on offshore-wind-backed grid capacity—turning energy control into a switchable revenue engine across both Bitcoin and AI. 

The real inflection point for BitZero (NASDAQ: AIBZ, CSE: AIBZ-U) in 2026 may now be its newly announced 110 MW Norway project, which has the potential to transform the company from a profitable Bitcoin miner into a major AI infrastructure and hyperscaler landlord almost overnight.

Under the binding letter of interest, the site would generate roughly $176 million in annual recurring revenue through long-term contracted compute capacity, with the customer covering energy costs separately and pricing escalating by 3% annually. That structure dramatically improves margin visibility and reduces exposure to power-price volatility, potentially allowing the project to generate well over $135 million in annual net income once operational. Just as importantly, the project highlights why BitZero’s Norwegian assets are so strategically valuable in today’s market: while many competing AI data-center developments face 3–5 year build timelines due to grid bottlenecks and permitting delays, BitZero believes this facility could be delivered as early as Q3 next year thanks to already-secured power access, existing infrastructure, and partnerships with established EPC contractors and cooling-system providers. In a market where hyperscalers are desperately searching for immediately deployable capacity, that speed-to-market advantage could prove enormously valuable.

Skyrocketing valuations in the AI-space

The handful of technology companies that have successfully built a proprietary energy moat similar to BitZero’s now command multi-billion-dollar valuations. Yet despite rising institutional interest in BitZero’s power-first model and asset base, the company remains meaningfully undervalued relative to peers.

Investors in names like TeraWulf (WULF) and BitMine Immersion (BMNR) have seen one-year gains of more than +554% and +269%, respectively. Smart money has learnt that the real advantage in compute and crypto mining is cheap, scalable electricity, and this reality is repeating cycle after cycle. The dynamic in 2026 is no different. 

Other companies to keep an eye on:

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Q1 2026 data center revenue of $5.8 billion, up 57% year over year — an all-time record — with total Q1 revenue of $10.25 billion, up 38%, beating Wall Street consensus by roughly $350 million. Free cash flow more than tripled to $2.57 billion. CEO Lisa Su called the quarter “a clear inflection in our growth trajectory,” and guided Q2 revenue to $11.2 billion, with server CPU revenue alone expected to grow more than 70% year over year. The stock surged roughly 14% in after-hours trading following the release.

AMD’s data center story runs on two rails that NVIDIA’s does not. First, EPYC server CPUs, which now hold significant market share in hyperscaler deployments across AWS, Google Cloud, and Microsoft Azure, deliver four consecutive quarters of record server CPU revenue. Second, Instinct GPUs are gaining traction as an alternative to NVIDIA in AI training and inference — and the demand signal is large. Meta signed a multi-year agreement to deploy up to 6 GW of AMD Instinct GPUs, with the first 1 GW built around a custom version of the MI450 accelerator and Meta named as a lead customer for AMD’s upcoming sixth-generation EPYC processors.

Palantir Technologies Inc. (NASDAQ: PLTR) sits in a different part of the AI data center stack than most names on this list — it’s the software layer that makes the data inside those data centers actionable for governments and large enterprises. Q1 2026 revenue grew 85% year over year to $1.633 billion, the company’s fastest growth rate since going public in 2020. U.S. revenue grew 104% to $1.28 billion, with U.S. government revenue up 84% to $687 million and U.S. commercial revenue up 133% to $595 million. The company reported a GAAP operating margin of 46%, an adjusted operating margin of 60%, and a Rule of 40 score of 145 — a metric where 40 is considered strong.

The government side of the business is increasingly anchored by AI-enabled defense and intelligence programs. Palantir’s Maven AI system — which analyzes battlefield data and supports targeting and command decisions in real time — is moving closer to becoming a formal U.S. Department of Defense program of record. The Pentagon expanding long-term use of Maven means the revenue base here is contracted and durable, not project-by-project. A $10 billion U.S. Army contract and a $300 million USDA deal in the quarter are concrete data points for what that looks like at scale.

Quanta Services, Inc. (NYSE: PWR) builds and maintains the electrical infrastructure that connects data centers to the grid — transmission lines, substations, high-voltage distribution systems, and the last-mile electrical work that no data center can operate without. It’s not a flashy AI story, but it’s a foundational one: none of the $200 billion Amazon is spending on data centers in 2026 translates into operational compute capacity without the grid connections Quanta builds. CEO Duke Austin has pegged the company’s addressable opportunity at $2.4 trillion through 2030, driven by data center electrification, grid hardening, and renewable interconnection combined.

The constraint driving Quanta’s order book is simple physics: large transformers for high-voltage substation connections have lead times of two years or more, and the skilled labor to install them is in short supply nationally. Quanta has both the relationships with utilities and hyperscalers, and the crew deployment capacity, to capitalize on that constraint. Its backlog has been expanding steadily as hyperscaler capex converts from announced projects into actual construction contracts.

SpaceX (NASDAQ: SPCX) completed the largest IPO in history on June 12, pricing at $135 a share for a $1.77 trillion valuation and topping $2 trillion in market cap on its first trading day. The listing raised roughly $75 billion and made Elon Musk the world’s first trillionaire on paper. But the AI data center story here isn’t really about rockets. It’s about what SpaceX became after merging with xAI in February: a company that now describes itself in its own IPO filing as the operator of “the largest AI training data center clusters on Earth.”

Those clusters are Colossus 1 and Colossus 2, the xAI supercomputers built near Memphis, Tennessee, originally to train Grok. In May, SpaceX struck a deal with Anthropic that hands over essentially the entire Colossus 1 facility — more than 300 megawatts of capacity across roughly 220,000 NVIDIA GPUs, including H100, H200, and GB200 accelerators. Anthropic will pay xAI $1.25 billion a month through May 2029, a contract that could bring in more than $40 billion over its life. It’s a striking arrangement: a direct AI competitor renting out the infrastructure that was supposed to be Grok’s competitive edge, in order to monetize compute Grok wasn’t fully using.

By. Tom Kool

Oilprice Intelligence brings you the inside view on where the next gains will come from, breaking down the market’s biggest growth driver with analysis from veteran oilmen and experts. Click here to get this crucial intel for free

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Neither the author nor the publisher, Oilprice.com, was paid to publish this communication concerning Bitzero Holdings, Inc. (NASDAQ: AIBZ). The owner of Oilprice.com owns shares and/or stock options of the featured company and therefore has an incentive to see the featured company’s stock perform well. The owner of Oilprice.com may buy or sell shares of the featured company at any time including at or near the time you receive this communication. This share ownership should be viewed as a major conflict with our ability to be unbiased. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position. The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser. This communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/or other government filings. Investing in securities is speculative and carries a high degree of risk. Past performance does not guarantee future results. This communication is based on information generally available to the public and does not contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher cannot guarantee the accuracy or completeness of the information.

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This press release was distributed on behalf of Bitzero Holdings Inc.

DISCLAIMER:  OilPrice.com is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with OilPrice.com or any company mentioned herein.  The commentary, views and opinions expressed in this release by OilPrice.com are solely those of OilPrice.com and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty one hundred dollars by Bitzero Holdings Inc. to distribute this release on behalf of the company.  #tickertagpressreleases #pressrelease #stockalerts

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World’s 1st HIV-to-HIV Lung Transplant Performed at NYU Langone Health

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NEW YORK, June 19, 2026 /PRNewswire/ — The world’s first HIV-positive-to-HIV-positive lung transplant was performed at NYU Langone Health. 

The surgery brings new hope for HIV-positive patients in need of lung transplants, as it opens a pool of potential donors who were previously ineligible.

“This is a watershed moment for the HIV-positive community and represents real progress in creating equity in organ transplantation,” said Sapna Mehta, MD, clinical director of NYU Langone Transplant Institute and co-architect of the research protocol, sanctioned by the U.S. Food and Drug Administration, that enabled the complex procedure. “While these transplants are still only allowable under certain research protocols, this marks an expansion of options for people in need of a lifesaving organ.”

Approximately 1.2 million people in the United States are living with HIV. People with HIV can live long, healthy lives due to advances in antiretroviral therapies, or ART. Most people using ART are unable to transmit the virus and have near-normal life expectancies.

A Breath of Fresh Air

Bertrand Nelson, 56, has had HIV for nearly 26 years. In 2000, he was diagnosed with HIV and sarcoidosis, which can affect the lungs and spread to the liver. The disease had not yet spread from his lungs, and soon after diagnosis his doctors told him it was in remission. 

Then, in 2021, he acquired Legionnaires’ disease and was hospitalized for weeks with severe pneumonia. The disease reactivated his sarcoidosis, which attacked his liver. His condition worsened in 2024—he required an increasing amount of oxygen to breathe—and his doctor referred him to NYU Langone Transplant Institute to be evaluated for both lung and liver transplants. A research protocol for lung transplantation under the 2013 HIV Organ Policy Equity Act, or HOPE Act, had begun, and he was evaluated for HOPE dual-organ transplant in 2025.

“Transplantation of HOPE hearts and abdominal organs has been done before, but this has not been done in lung transplantation. It takes a special kind of patient to be willing to do something that hasn’t been done before,” said Mark A. Sonnick, MD, transplant pulmonologist at NYU Langone Transplant Institute and co-author of the research protocol with Dr. Mehta.

NYU Langone Transplant Institute is one of the only transplant centers in the United States equipped and approved under a research protocol to perform HOPE lung transplants. Nelson received the first in the world on March 21, 2026, by Stephanie H. Chang, MD, surgical director of lung transplantation at NYU Langone. He received a new liver that same day, performed by Karim J. Halazun, MD, surgical director of liver transplantation at NYU Langone. 

Nelson is now off oxygen for the first time in four years and getting back in shape after years of limited mobility. 

He credits his mother, who will be 82 in August, for always supporting him and helping him throughout his journey.

“I want to be well for her,” he said. “I want her to see me thriving.” 

He hopes his story of perseverance might inspire others and help raise awareness of people in the HIV community in need.

“There are so many others who need access to this level of care, and the more organs that become available, the better the odds of finding the right match and living a long life,” he said.

About NYU Langone Health

NYU Langone Health is a fully integrated health system that consistently achieves the best patient outcomes through a rigorous focus on quality that has resulted in some of the lowest mortality rates in the nation. Vizient Inc. has ranked NYU Langone No. 1 out of 118 comprehensive academic medical centers across the nation four years in a row, and U.S. News & World Report recently ranked four of its clinical specialties No. 1 in the nation. NYU Langone offers a comprehensive range of medical services with one high standard of care across seven inpatient locations, its Perlmutter Cancer Center, and more than 330 outpatient locations in the New York area and Florida. The system also includes two tuition-free medical schools, in Manhattan and on Long Island, and a vast research enterprise.

Media Inquiries
Colin DeVries
Phone: 212-404-3588
Colin.DeVries@NYULangone.org

View original content to download multimedia:https://www.prnewswire.com/news-releases/worlds-1st-hiv-to-hiv-lung-transplant-performed-at-nyu-langone-health-302804894.html

SOURCE NYU Langone Health

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