Category Archives: business

WNBA Commissioner Opens Up About Collier, Officiating And CBA

In Her Own Words: A Tough Week for WNBA Commissioner Cathy Engelbert

WNBA Commissioner Cathy Engelbert addressed the media this Friday in Las Vegas ahead of Game 1 of the WNBA Finals between the Las Vegas Aces and the Phoenix Mercury. It was the first time she took questions since Napheesa Collier publicly criticized league leadership, including Engelbert herself, for malpractice and a lack of concern for player safety and wellbeing.

Collier’s comments, made during her exit interview, sent shockwaves throughout the league. Several players, including WNBPA President Nneka Ogwumike, expressed support for her stance. However, it took a couple of days before Engelbert spoke directly to the media and took questions.

### Engelbert’s Opening Statement

In her opening remarks, Engelbert expressed feeling disheartened that players don’t approve of her leadership. She announced plans to address officiating concerns and expressed confidence in reaching a new Collective Bargaining Agreement (CBA) soon. These were the main themes during the press conference.

### Addressing Collier’s Claims

When asked about the accusations made by Collier, Engelbert contested and denied several claims.

“There’s a lot of inaccuracy out there through social media and reporting,” Engelbert said. “You saw it in my statement, but I have the utmost respect for Napheesa and every single player in our league. They are at the center of everything we do. No one should ever doubt how deeply I care about this league, this game, and every single player who makes the WNBA what it is.”

Engelbert also denied reports that she made controversial comments about Caitlin Clark needing to be grateful to the WNBA for her $16 million earned through partnerships.

“Obviously, I did not make those comments. Caitlin has been a transformational player in this league. She’s been a great representative of the game. She’s brought in tens of millions of new fans,” Engelbert stated.

### Can Engelbert Still Lead the League?

One pressing question is whether the commissioner can continue to lead the league amid eroding trust from players. Engelbert appears confident despite the challenges.

“I feel confident that we can repair any loss of trust,” she said. “We’ll dialogue with players — one-on-one relationships and group discussions. Players have reached out to me.”

### Officiating Concerns Highlighted

Engelbert acknowledged misalignment between the league’s stakeholders regarding officiating. According to injury trackers from ESPN and Rotowire, at least 30 players were sidelined either temporarily or for the rest of the 2025 season. This includes stars such as Caitlin Clark and Angel Reese, accounting for roughly 20% of roster pieces being displaced.

To tackle these concerns, the league is implementing two key initiatives:

1. **Annual Competition Committee Meeting:** At the end of the season, the league’s competition committee will evaluate the state of the game, including rules, officiating, and player safety. Players and the Players Association are invited to engage in this process.

2. **New Multi-Stakeholder Task Force:** The league is establishing a “state-of-the-game” committee that will include player voices and other stakeholders. This task force aims to ensure that officiating evolves alongside the league’s growth.

Engelbert emphasized the importance of player perspectives:

“There are no greater stakeholders than our players. Their voice is integral to the alignment required for good officiating. We look forward to including their input on how our staff can better serve the game moving forward.”

### CBA Negotiations Ongoing

The path ahead remains challenging for Engelbert, with a looming deadline for a new CBA. Uncertainty persists about whether players and the league will find common ground. While players predict a difficult negotiation that might lead to a lockout, Engelbert remains optimistic.

“We’re working really hard. We have a couple of meetings next week,” she said. “While I hope we meet the October 31st deadline — and that is a real deadline — we have extended deadlines in the past. When I started, a few days in, we extended the deadline and reached a progressive deal.”

Reflecting on her first months as commissioner in 2019 during previous CBA talks, Engelbert noted:

“We have a lot of experience in these negotiations, even before I got here. It’s a balance. We want to ensure there’s no interruption, but of course, that will be up to the players and owners.”

### The Revenue Share Debate

Revenue share remains a key point of contention. Players’ recent statements indicate dissatisfaction with the league’s offers, while Engelbert stresses the importance of long-term sustainability.

“We’ve made proposals with significant revenue share components — in money and structure,” Engelbert explained. “They’re obviously bargaining for more. The balance is between returning every dollar we can and ensuring owners remain incentivized to invest.”

### Players Continue to Support Collier

Following the press conference, some players reiterated their support for Napheesa Collier, continuing to apply pressure on the WNBA commissioner.

The coming weeks will be critical for the WNBA as it navigates leadership challenges, player concerns, and the future of the league’s labor agreement. Fans and stakeholders alike will be watching closely as dialogue and negotiations unfold.
https://bitcoinethereumnews.com/finance/wnba-commissioner-opens-up-about-collier-officiating-and-cba/?utm_source=rss&utm_medium=rss&utm_campaign=wnba-commissioner-opens-up-about-collier-officiating-and-cba

Voices from the Arab Press: The world’s message to Netanyahu

**Voices from the Arab Press: The World’s Message to Netanyahu**

*A weekly selection of opinions and analyses from the Arab media around the world.*

US President Donald Trump and Prime Minister Benjamin Netanyahu held a joint press conference in the State Dining Room at the White House, Washington, DC, on September 29, 2025.
(Photo credit: REUTERS)

By THE MEDIA LINE
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https://www.jpost.com/middle-east/article-869198

Trump plans to deploy National Guard in Illinois, governor says

The Trump administration plans to federalize 300 members of the Illinois National Guard, Democratic Governor J.B. Pritzker said Saturday.

Pritzker stated that the Guard received word from the Pentagon earlier that morning indicating that the troops would be called up. However, he did not specify when or where they would be deployed.

President Donald Trump has long […]
https://fox2now.com/news/ap-top-headlines/ap-trump-plans-to-deploy-national-guard-in-illinois-governor-says/

ServiceNow Unveils ‘AI Experience’ as Unified Conversational UI for Enterprise Workflows

ServiceNow Inc. (NYSE: NOW) is considered one of the best American stocks to buy and hold for the next three years.

On September 30, ServiceNow announced the launch of AI Experience, a new offering designed to enhance enterprise workflows.

AI Experience provides a unified, conversational interface, referred to as the “UI for Enterprise AI.” This intelligent entry point enables employees to interact seamlessly with various enterprise systems, improving productivity and user engagement.

With this innovative solution, ServiceNow aims to simplify access to AI-driven tools across organizations, driving more efficient and effective business processes.
https://ca.finance.yahoo.com/news/servicenow-unveils-ai-experience-unified-205501961.html

Dyne’s Investigational DMD Drug DYNE-251 Gets Japan Orphan Drug Status After Strong Trial Data

Dyne Therapeutics Inc. (NASDAQ: DYN) stands out as one of the best stocks to buy under $20.

On September 29, Dyne Therapeutics announced a significant milestone: Japan’s Ministry of Health, Labour and Welfare (MHLW) has granted Orphan Drug designation for its investigational therapeutic, DYNE-251.

This designation targets individuals with Duchenne muscular dystrophy (DMD) who have mutations in the DMD gene that are amenable to treatment with DYNE-251.

The Orphan Drug status is a crucial step in the development of DYNE-251, potentially providing benefits such as market exclusivity and regulatory assistance, which can accelerate the availability of this promising therapy for patients in need.

Investors and stakeholders will be closely watching Dyne Therapeutics as it advances its pipeline and seeks to address unmet medical needs in the muscular dystrophy community.
https://ca.finance.yahoo.com/news/dyne-investigational-dmd-drug-dyne-205457972.html

Discord data breach exposes user info, scanned photo IDs

**Discord Data Breach Exposes User Info, Scanned Photo IDs**
*By Dwaipayan Roy | Oct 04, 2025, 06:21 PM*

Discord, the popular communication platform, has confirmed a data breach involving one of its third-party customer service providers. An “unauthorized party” accessed data from a limited number of users who had contacted Discord’s Customer Support and/or Trust & Safety teams. While the attacker attempted to extort a financial ransom from Discord, they did not gain direct access to the platform itself.

### What Data Was Compromised?
The breach exposed usernames, email addresses, and the last four digits of users’ credit card numbers. Additionally, a small number of government-issued ID photos were accessed. These photos belonged to users who had appealed an age determination on Discord.

Importantly, Discord clarified that full credit card numbers and passwords were **not** affected by this incident. Users whose ID photos were possibly accessed will receive specific notification from Discord.

### Discord’s Response and Security Measures
In response to the breach, Discord has revoked the third-party support provider’s access to its ticketing system and reported the incident to data protection authorities. The company is also working closely with law enforcement agencies to investigate the matter thoroughly.

Furthermore, Discord has conducted a review of its threat detection systems and tightened security controls over its third-party support providers. These steps underscore Discord’s commitment to protecting user data and maintaining trust across its platform.

Users are encouraged to remain vigilant and watch for any communication from Discord regarding this incident. For more updates, stay tuned to official Discord channels.
https://www.newsbytesapp.com/news/science/discord-breach-exposes-user-data-last-4-digits-of-cards/story

Vidarbha in prime position to win Irani Cup 2025: Details

**Vidarbha in Prime Position to Win Irani Cup 2025**
*By Rajdeep Saha | Oct 04, 2025 | 07:59 pm*

Vidarbha have put themselves in a commanding position to win the Irani Cup 2025 by setting Rest of India a challenging target of 361 runs. The match is currently underway at the Vidarbha Cricket Association Stadium in Nagpur.

Starting the day at 96 for two, Vidarbha faced some tough bowling from Anshul Kamboj and Saransh Jain. However, crucial contributions from their lower-middle order helped Vidarbha reach a total of 232 in their second innings.

On the bowling front, Rest of India’s attack, led by Kamboj, impressed on Day 4. Kamboj was the standout bowler for ROI, dismantling Vidarbha’s middle order by taking the wickets of batsmen ranked 3 to 6. He finished with remarkable figures of 4 wickets for 34 runs in just 12 overs.

As Rest of India began their chase of 361 runs, early setbacks came their way. Both openers fell before stumps, with Aryan Juyal bowled by Aditya Thakare and Abhimanyu Easwaran trapped lbw by Harsh Dubey. Easwaran scored 17 off 18 deliveries.

At stumps, Rest of India were 30 for 2, with Ishan Kishan (5 not out) and Rajat Patidar (2 not out) holding the crease. They still require 331 runs with eight wickets in hand heading into the final day.

Vidarbha are aiming to clinch their third Irani Cup title in the last decade, having previously won the trophy in the 2017-18 and 2018-19 seasons. Despite being bowled out for 232 in their second innings, their first-innings lead of 128 has provided them with a strong cushion.

Now, with a significant target set and wickets in hand, Rest of India will need a remarkable performance on the final day to stop Vidarbha from lifting their third Irani Cup title.
https://www.newsbytesapp.com/news/sports/roi-in-trouble-against-vidarbha-in-irani-cup/story

Stocks rise on AI optimism, US rate-cut hopes

NEW YORK, United States – Stock markets struck fresh records Friday, driven by investor optimism over artificial intelligence and hopes of US interest rate cuts. This positive sentiment overshadowed concerns about an ongoing government shutdown.

Wall Street’s main indices were mixed at the end of the day, although the Dow and S&P 500 notched fresh records.

https://business.inquirer.net/550751/stocks-rise-on-ai-optimism-us-rate-cut-hopes

Tokiwair to Join Aircraft Manufacturing, Aiming for First Flight Within Five Years

While Light Sport Aircraft (LSAs) are currently treated as experimental aircraft in Japan, they are recognized as practical planes in the United States and other countries. Tokiwair aims to secure approval in the U.S. and conduct its first flight within five years.

Since launching operations in 2024, Tokiwair has continued to post net losses. However, the company is now stepping up efforts to restructure and improve its financial standing.

Starting in October, entrepreneur Takafumi Horie has joined the board of directors to help strengthen management and guide the company toward a more sustainable future.

In an announcement on October 6th, Tokiwair also revealed plans to launch a so-called super app initiative. This platform is designed to link transportation, hospitals, and restaurants across Niigata Prefecture, creating a seamless user experience through a single app.

This initiative is part of a broader strategy to shift the airline toward profitability and expand its role in the regional community.
https://newsonjapan.com/article/147143.php

Weekly Market Review & Top Stocks In Focus For The Week Ended October 3, 2025

**Weekly Market Review: India Equities**

Last week, while the markets experienced a significant downturn, breaking their 3-week winning streak, the downward momentum continued into this abbreviated trading week — until the RBI MPC meeting outcome was announced, which lifted market sentiment.

The drop in indices was largely due to several factors: Foreign Institutional Investors (FIIs) selling, with more than $22 billion withdrawn from the Indian market since the beginning of 2025; restrictions on US H-1B visas; President Trump announcing a 100% tariff on imports of branded and patented pharmaceutical products; delays in the US-India trade agreement; a record low rupee; uncertainty ahead of the September quarter earnings; and liquidity constraints in the secondary market caused by a slew of new IPOs set to debut on Dalal Street, including the much-anticipated Tata Capital IPO.

### RBI MPC Meeting Outcome: A Market Roller Coaster

Mid-week presented a roller coaster ride with the RBI Monetary Policy Committee (MPC) meeting outcome. The RBI Governor kept repo rates unchanged at 5.50%. As communicated earlier, a rate cut was unlikely due to low inflation and strong GDP growth in Q1FY26.

While rates remained unchanged, the RBI Governor’s commentary caught everyone’s attention. The central bank projected a favorable growth-inflation outlook, lowering its inflation forecast from 3.1% to 2.6%, and raising GDP growth expectations from 6.5% to 6.8%. This positive outlook, combined with robust September auto sales and strong GST collections (which rose over 9% to Rs 1.9 lakh crore), sparked a market rally.

Consequently, the Sensex surged over 700 points, and the Nifty closed above the 24,800 mark, snapping a 9-day losing streak and boosting market sentiment.

Additional positives included measures to improve liquidity, speculation around a possible rate cut in December, infrastructure status granted to NBFCs, and Brent crude prices falling to a 4-month low, all expected to support market performance.

### Looking Ahead: Q2FY26 Earnings and Market Drivers

As we approach the Q2FY26 earnings season, provisional business updates from banks, NBFCs, realty, and FMCG sectors will be closely monitored. Despite ongoing global and domestic uncertainties, we remain positive over the medium to long term. Recent GST cuts have stimulated positive sentiment across various sectors, which is expected to fuel volume growth and support GDP expansion in the upcoming period.

### How Did the Markets Fare Last Week?

For the week ending Friday, the Indian benchmark indices closed in green. The Sensex and Nifty gained nearly 1.0% each, while midcaps outperformed, rising approximately 2.1%.

### What to Watch in the Coming Week?

The upcoming week is packed with key economic data releases from both domestic and global markets, likely to influence market direction.

**Domestic data releases include:**
– Foreign Exchange Reserves
– Bank Loan Growth
– HSBC Composite, Manufacturing, and Services PMI

With the September quarter earnings approaching, select companies in FMCG, banking, and other sectors will provide crucial business updates. These results will help set expectations for the full earnings season.

**On the global front, key events include:**
– Fed Officials’ speeches
– US Nonfarm Payrolls data
– Important FOMC minutes, providing insight on future policy direction
– Initial Jobless Claims figures

Additionally, progress in India-US trade talks and any comments from President Trump regarding tariffs will be market-moving. Tracking Foreign Institutional Investors’ positions will remain essential in the near term.

### Crude and Foreign Institutional Investor (FII) Flows

Brent crude oil prices declined to $64/bbl ahead of an OPEC+ meeting expected to increase output by bringing more idled barrels back online, intensifying oversupply concerns.

Meanwhile, FIIs continued to be net sellers during the week, contributing to market volatility.

### Sectors in Focus

Metals, PSU banks, and realty sectors were under the spotlight throughout the week.

### Stocks That Made Headlines

**Sammaan Capital**
Avenir Investment is set to invest Rs 8,850 crore via shares and warrants at Rs 139 apiece — an 18% discount to the current market price. Post-investment, Avenir will hold 43.46% and initiate an open offer, with Rs 4,587 crore via shares and the balance via warrants in two tranches.

**Maruti Suzuki**
Maruti Suzuki sold 1,89,665 units in September 2025, aligning with estimates. Export volumes hit a record 42,204 units — up 52% YoY — although domestic sales fell 6.3%. Production grew 26% YoY to 2.01 lakh units, driven by strong passenger vehicle output. The company highlighted record festive demand with 1,65,000 deliveries in the first eight days of Navratri and a 50% uptick in daily bookings post recent price cuts. Exports in H1FY26 crossed 2.1 lakh units, including over 6,000 electric vehicles shipped in August–September.

**Lemon Tree Hotels**
Lemon Tree Hotels signed its newest property, Keys Select by Lemon Tree Hotels in Haridwar. The facility features 52 rooms, a restaurant, conference hall, and recreational amenities including a fitness center. This signing expands the company’s leisure portfolio in Uttarakhand, where it currently operates 8 properties with 9 more upcoming.

**KNR Construction**
The company received a Letter of Acceptance from the Greater Hyderabad Municipal Corporation for constructing two 3-lane flyovers at Kukatpally ‘Y’ junction on NH65 (towards Ameerpet and Miyapur) under an EPC/Turnkey contract, worth Rs 72.80 crore excluding GST. The project timeline is 24 months.

**Unimech Aerospace**
In its September quarter update, Unimech Aerospace reported a revenue slowdown for Q2FY26, expected to be marginally lower than Q1. This is attributed primarily to US tariffs impacting export realizations. Customers are delaying orders while monitoring tariff developments, pressuring profits. Given these headwinds, meeting full-year FY26 revenue guidance may be challenging.

**Nestlé India**
Nestlé India signed a Memorandum of Understanding (MoU) with the Ministry of Food Processing Industries to accelerate investments in greenfield and brownfield projects in Odisha and at existing manufacturing sites. These investments over the next 2–3 years aim to bolster the food processing sector, generate employment, and support the vision of Atmanirbhar Bharat.

**Time Technoplast**
Time Technoplast secured the BIS License under IS 14885:2022 for manufacturing PE pipes for gas distribution within Q2FY26. This milestone supports the company’s goal to expand its presence in the gas distribution sector, targeting 20+ firms and anticipating 30% growth in the PE pipe segment with enhanced capacity and minimal investment.

**RITES**
RITES signed an MoU with Etihad Rail and its UAE-based subsidiary NICC to collaborate on mobility infrastructure projects in the UAE and beyond. This partnership leverages RITES’ 50 years of expertise and NICC’s execution capabilities, strengthening RITES’ global footprint under its ‘RITES Videsh’ initiative.

**P N Gadgil Jewellers**
P N Gadgil Jewellers achieved record festive sales of ₹618 crore during Navratri and Dussehra, marking a 65% YoY growth. Navratri sales were ₹428 crore (+66% YoY), and Dussehra set a single-day record of ₹190 crore (+64% YoY). Gold sales drove growth despite a 50% YoY gold price surge, complemented by strong diamond (+47%) and silver (+133%) performance. Volume growth was significant: gold +10%, diamonds +53%, and silver +64%.

**Bharat Electronics (BEL)**
BEL secured additional orders worth Rs 1,092 crore since September 16, 2025. Major new orders include EW system upgrades, defense network upgrades, tank subsystems, TR modules, communication equipment, EVMs, spares, and services. As of April 1, BEL’s order book stands at Rs 71,650 crore. Since the start of FY26, the company has disclosed order inflows worth Rs 7,348 crore—27% of its full-year inflow guidance of Rs 27,000 crore (excluding a Rs 30,000 crore quick-reaction surface-to-air missiles order).

### Closing Thoughts

Patience creates wealth! Despite near-term volatility, the fundamentals support a positive outlook for the Indian markets over the medium to long term. We will continue to monitor key domestic and global developments closely as the earnings season unfolds.

*Stay tuned for more updates and insights in our next weekly market review.*
https://www.freepressjournal.in/business/weekly-market-review-top-stocks-in-focus-for-the-week-ended-october-3-2025