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July 11, 2025 TheNewswire – Vancouver, British Columbia, Canada JZR Gold Inc. (TSXV:  JZR) (the ‘ Company ‘ or ‘ JZR ‘) is pleased to announce that it intends to undertake a non-brokered private placement offering (the ‘ Offering ‘) of up to 5,000,000 units (each, a ‘ Unit ‘) at a price of $0.30 per Unit, to raise aggregate gross proceeds of up to $1,500,000.  Each Unit will be comprised of one common share (each, a ‘ Share ‘) and one share purchase warrant (each, a ‘ Warrant ‘). Each Warrant will entitle the holder to acquire one additional common share (each, a ‘ Warrant Share ‘) of the Company at an exercise price of $0.40 per Warrant Share for a period of two (2) years after the closing of the Offering. The Warrants will be subject to an acceleration clause whereby, in the event that the volume weighted average trading price of the Company’s common shares traded on TSX Venture Exchange, or any other stock exchange on which the Company’s common shares are then listed, is equal to or greater than $0.75 for a period of 10 consecutive trading days, the Company shall have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants that the Warrants will expire on the date that is not less than 30 days from the date that notice is provided by the Company to the Warrant holders. The Units, Shares, Warrants and any Shares issued upon the exercise of the Warrants will be subject to a hold period of four months and one day from the date of issuance.

 

  The Units will be offered pursuant to available prospectus exemptions set out under applicable securities laws and instruments, including National Instrument 45-106 –   Prospectus Exemptions.  

 

  The Offering may close in one or more tranches, as subscriptions are received.  The Securities will be subject to a hold period of four months and one day from the date of issuance.  Closing of the Offering, which is expected to occur on or about July 21, 2025, will be subject to satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including approval by the Exchange.  

 

  The Company intends to use the net proceeds from the Offering to fund operations of the fully constructed 800 tonne-per-day gravimetric mill, as well as future exploration work on the Vila Nova Gold project located in Amapa State, Brazil, and for general working capital purposes. JZR has been advised by its Joint Venture Royalty Agreement partner, ECO Mining Oil & Gaz Drilling and Exploration Ltda. (EIRELI) (‘ECO’), that the Mill is fully operational, but ECO is completing a few minor improvements to the Mill to improve operational efficiency. There will be further updates regarding operations in the immediate future.  

 

For further information, please contact:

 

Robert Klenk

 

Chief Executive Officer

 

rob@jazzresources.ca

 

Forward-Looking Information

 

  This press release contains certain ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information in this press release includes all statements that are not historical facts, including, without limitation, statements with respect to the details of the Offering, including the proposed size, timing and the expected use of proceeds and the receipt of regulatory approval for the Offering.  Forward-looking information reflects the expectations or beliefs of management of the Company based on information currently available to it.  Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.  These factors include, but are not limited to:   the Company may not complete the Offering; the Offering may not be approved by the TSX Venture Exchange;   risks associated with the business of the Company; business and economic conditions in the mineral exploration industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks related to inaccurate geological and engineering assumptions; risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with the specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action and unanticipated events related to health, safety and environmental matters); risks related to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company’s continuous disclosure documents filed with the Canadian securities regulators.  The forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.  The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.  

 

  Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.  

 

None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act’), or any state securities law, and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States or ‘U.S. persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

News Provided by TheNewsWire via QuoteMedia

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The US Department of Defense (DoD) will become the largest shareholder in MP Materials (NYSE:MP) after agreeing to purchase US$400 million worth of preferred stock in the company, which owns and operates the only rare earth mine in the United States.

The rare earths producer said the proceeds from the investment will fund the expansion of its processing capabilities at the Mountain Pass mine in California and support the construction of a second magnet manufacturing facility in the US.

The materials mined and processed by MP are critical to the production of permanent magnets used in military systems, including the F-35 fighter jet, drones, and submarines.

The US has depended heavily on foreign imports for these materials — primarily from China, which accounted for about 70 percent of rare earth imports in 2023, according to the US Geological Survey.

In a press release issued Thursday (July 10), MP Materials described the agreement as a ‘transformational public-private partnership’ and said it would ‘dramatically accelerate the build-out of an end-to-end US rare earth magnet supply chain and reduce foreign dependency.’

The investment gives the Pentagon newly created preferred stock convertible into common shares, along with a 10-year warrant to buy additional stock at US$30.03 per share.

If fully converted and exercised, the DoD would own 15 percent of MP Materials, based on current share counts as of July 9. That would exceed the 8.61 percent stake held by CEO James Litinsky and the 8.27 percent stake held by BlackRock Fund Advisors.

Litinsky emphasized that the deal does not equate to government control of the company. “This is not a nationalization,” he said in an interview on CNBC. “We remain a thriving public company. We now have a great new partner in our economically largest shareholder, DoD, but we still control our company. We control our destiny. We’re shareholder driven.”

MP’s new magnet facility, called the “10X Facility,” will increase the company’s magnet manufacturing capacity to 10,000 metric tons annually once it begins commissioning in 2028. The exact location of the facility has not yet been disclosed.

The Pentagon has committed to purchasing 100 percent of the magnets produced at the 10X Facility for 10 years.

Additionally, the DoD will guarantee a minimum price of US$110 per kilogram for MP’s neodymium-praseodymium oxide (NdPr), a key material used in magnet production. If market prices fall below that threshold, the Pentagon will pay the difference quarterly.

In return, once the new facility is operational, the government will receive 30 percent of any upside above US$110 per kilogram.

To further support the buildout, MP Materials expects to receive a US$150 million loan from the Pentagon within 30 days to expand its heavy rare earth separation capabilities at Mountain Pass, the only active rare earth mine in the US.

It is also commissioning a magnetics facility in Texas, known as Independence, to bolster its downstream processing capabilities.

As the only domestic miner with vertically integrated capabilities and a clear path to rare earth magnet production at scale, MP Materials now sits at the center of the Biden-to-Trump era effort to bring critical mineral supply chains back to American soil.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Ashley Williams, a longtime ally of former President Joe Biden, met with House investigators behind closed doors for nearly six hours Friday as Republicans probe allegations the Democrat’s top aides hid his mental decline.

A source familiar with the transcribed interview told Fox News Digital Williams said she did not ‘recall’ various things ‘an untold number of times.’

‘Examples include she could not recall if she spoke with President Biden in the last week, if teleprompters were used for Cabinet meetings, if there were discussions about President Biden using a wheelchair, if there were discussions about a cognitive test, if she discussed a mental or physical decline of President Biden, if she ever had to wake President Biden up and how she got involved with his 2020 campaign,’ the source said.

Williams told House investigators Biden is fit to be president today, the source said. 

In addition to whether senior aides covered up Biden’s alleged decline, House Oversight Committee Chairman James Comer, R-Ky., is looking into whether any presidential orders were signed via autopen without the former commander in chief’s knowledge.

Any allegations of wrongdoing so far have been denied by the ex-president’s allies.

But Republican investigators have pointed to Biden’s disastrous June 2024 debate and subsequent revelations in the media that there were more concerns from Biden’s inner circle about his fitness for office than previously known.

Williams, however, argued he was in command of himself during that debate, the source said.

The former White House aide said nothing to reporters when entering or leaving the committee meeting room for her voluntary interview.

Fox News Digital reached out to Williams’ lawyers for their account of events inside the room.

It was a staff-led meeting, but Rep. Jasmine Crockett, D-Texas, briefly stopped in for just under 30 minutes to show ‘solidarity’ with the witness, the progressive told reporters afterward.

‘I do think that it is important that I show up because if they are going to make allegations about the former commander in chief, egregious allegations they continue to wage, I want to make sure that I’m in the room to correct the record because a lot of times they like to mischaracterize things,’ she said.

When asked by Fox News Digital if the interview was still ongoing as she exited, Crockett answered, ‘It’s still going. I’m leaving early. I’ve got to get to another thing.’ 

The source who spoke with Fox News Digital said Crockett had come in during the GOP’s questioning session and did not ask any questions herself. Fox News Digital reached out to her office for a response.

Williams is a longtime Biden ally whose time with the Democrat goes back to assisting second lady Jill Biden during the Obama administration, according to a 2019 profile of Biden staffers.

Williams later worked for Biden’s 2020 campaign and presidential transition team. She served as his trip director before being hired by the White House as deputy director of Oval Office operations and a special assistant to the president.

Williams ended her White House tenure as deputy assistant to the president, senior advisor to the president and director of strategic outreach, according to her LinkedIn page.

Notably, the social media page also says Williams still works for the ex-leader as senior advisor in the Office of Former President Joe Biden.

She was subpoenaed by the House Oversight Committee last year during Republicans’ investigation into Biden’s cognitive health, but GOP investigators say the former White House blocked her from giving any information.

The Democratic staffer is the third person to appear before committee investigators in recent weeks.

Former Biden White House physician Kevin O’Connor appeared for a sworn deposition Wednesday after being subpoenaed by Comer.

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David Gergen, who worked for four presidents, including Richard Nixon, Gerald Ford, Ronald Reagan and Bill Clinton, before becoming an academic and political TV pundit, has died. He was 83. 

Gergen died in a retirement home in Massachusetts on July 10, his son said, according to several outlets. 

The Washington, D.C., veteran had been suffering from Lewy body dementia, his son said. 

Those who knew and admired Gergen took to X to express their condolences. 

Former California first lady Maria Shriver wrote on X: ‘David Gergen was total professional and a really kind man. My thoughts are with his family. He loved politics and he loved being in service to this country.’

‘RIP, Mr. Gergen,’ CBS reporter Robert Costa wrote. 

Former Democratic Tennessee Congressman Harold Ford, Jr. wrote: ‘We lost a good one, a really good one – RIP, my friend David Gergen

Gergen came up with the line that then-candidate Reagan said in the 1980 election: ‘Are you better off than you were four years ago?’ according to The New York Times. 

He later said of the line: ‘Rhetorical questions have great power.’ 

Of his time with the Nixon administration, Gergen told the Washington Post in 1981, ‘I was young, and I was too naive. It hardened me up a lot. It was an extremely difficult experience emotionally, in terms of belief in people.’ 

After leaving public office, Gergen worked as an editor and columnist, as well as for the conservative American Enterprise Institute and the liberal Kennedy School of Government at Harvard University. He was also a commentator for PBS, CNN and NPR. 

‘To say that I rely on him is an understatement,’ Reagan’s White House Chief of Staff, James A. Baker III, told The Washington Post in 1981. ‘He’s the best conceptualizer, in terms of communications strategy, that we have.’

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Former White House aide Ashley Williams is the latest ex-Biden administration official to appear in the House Oversight Committee’s probe.

Oversight Committee Chair James Comer, R-Ky., is investigating allegations that Biden’s former top White House aides covered up signs of his mental and physical decline while in office, and whether any executive actions were commissioned via autopen without the president’s full knowledge. Biden allies have pushed back on those claims.

Williams is the third member of Biden’s White House inner circle to show up, though she said nothing to reporters on her way into the room late Friday morning nor during a brief lunch break in the afternoon.

She’s a longtime Biden ally whose time with the Democrat goes back to assisting then-second lady Jill Biden during the Obama administration, according to a 2019 profile of Biden staffers.

Williams later worked for both Biden’s 2020 campaign and presidential transition team. She served as his trip director before being hired to the White House as deputy director of Oval Office Operations and a special assistant to the president.

Williams ended her White House tenure as deputy assistant to the president, senior advisor to the president, and director of Strategic Outreach, according to her LinkedIn page.

Notably, the social media page also says Williams still works for the ex-leader as senior advisor in the Office of Former President Joe Biden.

Williams is a graduate of Georgetown University, and received a doctorate of Law from the University of Pennsylvania. She also got a Master’s degree in political management from George Washington University.

She was subpoenaed by the House Oversight Committee last year in Republicans’ investigation into Biden’s cognitive health, but GOP investigators say the White House blocked her from giving any information.

‘The Biden White House obstructed the Committee’s investigation and refused to make the aides available for depositions or interviews,’ the committee said in a press release this year.

Williams’ Friday appearance was not forced under subpoena, however. She appeared voluntarily for her closed-door transcribed interview.

The Trump White House waived executive privilege for Williams along with several other former Biden aides last month.

This post appeared first on FOX NEWS

Progressive firebrand Rep. Jasmine Crockett, D-Texas, made a second surprise appearance at the House Oversight Committee’s closed-door discussions with former Biden administration aides this week, once again criticizing President Donald Trump on the way out.

Crockett surprised reporters when she arrived roughly 15 minutes after House investigators’ transcribed interview with former White House advisor Ashley Williams began, declining to speak on the way in.

The Texas Democrat emerged just over 30 minutes later, saying little about what went on inside but telling reporters she still had ‘absolutely’ no concerns about Biden’s mental fitness while in office.

She said it was important to ‘be there physically’ for Biden allies being interviewed in the GOP probe – even going as far as suggesting the Trump administration created a threatening environment for members of Congress and its own political opponents.

‘It is important…in my mind, to be there for these witnesses. Unfortunately, we know what happens when this regime gets going. We know about the threats that come upon them, that come upon us as members of Congress,’ Crockett said.

‘I think it is important to stand there in solidarity and to at least be there physically so that they don’t feel like they’re alone as they are enduring egregious attacks consistently from this administration.’

Crockett was the only lawmaker seen going in or out of Williams’ meeting with investigators on Friday. The transcribed interview was expected to be staff-led, and lawmakers were not required to attend.

‘Right now, the Republicans continue to act as if this is a main priority. Yet none of them are showing up,’ she said.

‘I do think that it is important that I show up because if they are going to make allegations about the former commander-in-chief, egregious allegations they continue to wage. I want to make sure that I’m in the room to correct the record, because a lot of times they like to mischaracterize things.’

When asked by Fox News Digital if the interview was still ongoing as she exited, however, Crockett answered, ‘It’s still going. I’m leaving early. I’ve got to get to another thing.’

A source familiar with the ongoing proceeding told Fox News Digital that Crockett came in during Republican investigators’ round of questioning and so was unable to make inquiries herself. Fox News Digital reached out to Crockett for a response.

Williams was the former Director of Strategic Outreach under the Biden administration. She did not speak to reporters on the way into her transcribed interview.

Crockett initially caught reporters and potentially even staff off guard when she arrived for the closed-door deposition of Biden’s former White House physician, Dr. Kevin O’Connor.

House Oversight Committee Chairman James Comer, R-Ky., was there as well, as is the norm for sworn depositions.

Williams, unlike O’Connor, is not on Capitol Hill under subpoena.

During her Wednesday appearance, Crockett declared she never had any concerns about Biden’s mental state while he was president, though she did raise similar claims about Trump.

White House spokesman Harrison Fields told Fox News Digital in response to Crockett questioning Trump’s mental acuity: ‘The Democrats’ rising star has done more to cement the party’s demise than the President she breathlessly supported, the decrepit and feeble Joe Biden. Jasmine continues to prove she’d be better suited as a reality TV star on VH1 than an elected official on Capitol Hill.’

Comer is investigating accusations that Biden’s former top White House aides covered up signs of his mental and physical decline while in office, and whether any executive actions were commissioned via autopen without the president’s full knowledge. Biden allies have pushed back on those claims.

This post appeared first on FOX NEWS

I wrote recently about the chilling jurisprudence of Justice Ketanji Brown Jackson, who has drawn the ire of colleagues in opinions for her rhetoric and extreme positions. Many have expressed alarm over her adherence to what has been described by one as an ‘imperial judiciary’ model of jurisprudence. Now, it appears that Jackson’s increasingly controversial opinions are serving a certain cathartic purpose for the far-left Biden appointee.

‘I just feel that I have a wonderful opportunity to tell people in my opinions how I feel about the issues, and that’s what I try to do,’ Jackson told ABC News.

Her colleagues have not entirely welcomed that sense of license. The histrionic and hyperbolic rhetoric has increased in Jackson’s opinions, which at times portray her colleagues as abandoning not just the Constitution but democracy itself.

Her dissent in the recent ruling on universal injunctions drew the rebuke of Justice Amy Coney Barrett over what was described as ‘a vision of the judicial role that would make even the most ardent defender of judicial supremacy blush.’

‘We will not dwell on Justice Jackson’s argument, which is at odds with more than two centuries’ worth of precedent, not to mention the Constitution itself,’ Barrett wrote. ‘We observe only this: Justice Jackson decries an imperial Executive while embracing an imperial Judiciary.’

Jackson, however, clearly feels that opinions are a way for her to opine on issues of the day. 

She is not alone. Across the country, liberal judges have been adding their own commentary to decisions in order to condemn Trump, his supporters, and his policies.

I previously wrote about this pattern of extrajudicial commentary.

District Court Judge Tanya Chutkan, an Obama appointee who previously presided over Trump’s election interference case, was criticized for failing to recuse herself from that case after she made highly controversial statements about Trump from the bench. Chutkan lashed out at ‘a blind loyalty to one person who, by the way, remains free to this day.’ That ‘one person’ was still under investigation at the time, and when Trump was charged, Chutkan refused to let the case go.

Later, Chutkan again added her own commentary when asked to dismiss a case due to Trump pardoning January 6 defendants. She acknowledged that she could not block the pardons, but proclaimed that the pardons could not change the ‘tragic truth’ and ‘cannot whitewash the blood, feces and terror that the mob left in its wake. And it cannot repair the jagged breach in America’s sacred tradition of peacefully transitioning power.’

One of Chutkan’s colleagues, Judge Beryl Howell, also an Obama appointee, lashed out at Trump’s actions, writing, ‘[T]his Court cannot let stand the revisionist myth relayed in this presidential pronouncement.’

Then there is Judge Amit Mehta, another Obama appointee, who has been criticized for conflicted rulings in Trump cases and his bizarre (and ultimately abandoned) effort to banish January 6 defendants from the Capitol.

Last week, Mehta had a straightforward question of jurisdiction concerning a challenge to the denial of grants by the Trump administration. While correctly dismissing the challenge, Mehta decided to add his own commentary on Trump’s priorities and policies:

‘Defendants’ rescinding of these awards is shameful. It is likely to harm communities and individuals vulnerable to crime and violence. But displeasure and sympathy are not enough in a court of law.’

For Jackson, her opinions have at times left her isolated on the Court. Weeks ago, Jackson and Sotomayor were alone in dissent over the defiance of a district court judge of the Court’s decision on universal injunctions. To her credit, Justice Elena Kagan (who voted with Sotomayor and Jackson in dissent in the earlier case) voted with her conservative colleagues in rebuking Judge Brian Murphy in Boston.

Kagan joined in the reversal of Murphy’s conflicting order and wrote the new order ‘clarifies only one thing: Other litigants must follow the rules, but the administration has the Supreme Court on speed dial.’

This week, Jackson lost even Sotomayor and stood alone in her dissent in support of an injunction over plans to downsize the government. Sotomayor observed that the Trump order only directed agencies to plan for such downsizing and said that the courts could hardly enjoin such policy preparations in the Executive Branch.

However, Jackson could and would. 

The controversial position of Jackson on the Court is not due to her liberal views. We have had many such liberal jurists. The difference is how Jackson views her role as a justice.

The danger is not confined to opinions. For years, justices have yielded to the temptations of public speaking before supportive groups. I have long been a critic of what I called the era of ‘celebrity justices,’ where members seem to maintain political constituencies at public events. 

Such speeches not only undermine the integrity of the Court by discussing matters that may come before it, but they can create a desire to maintain the adoration of supporters. The greatest danger is that justices will consciously or subconsciously pander to their bases with soundbites and inflammatory rhetoric.

Judicial advocacy from the bench has been a concern since the founding. Article III can have a corrosive impact on certain jurists who come to view themselves as anointed rather than appointed. Most judges and justices are acutely aware of that danger and struggle to confine their rulings to the merits of disputes, avoiding political questions or commentary.

The ‘opportunity to tell people how I feel’ can become a slippery slope where opinions become more like judicial op-eds. The Court is not a cable show. The price of the ticket to being ‘one of nine’ is that you should speak only through your opinions and only on the narrow legal matter before you. 

Opinions must remain ‘opportunities’ to do simple justice, not a supreme editorial.

This post appeared first on FOX NEWS

President Donald Trump’s proposed 50% tariff on Brazilian imports is bad news for coffee drinkers.

Brazil, the largest U.S. supplier of green coffee beans, accounts for about a third of the country’s total supply, according to data from the U.S. Department of Agriculture.

Coffee beans need to grow in a warm, tropical climate, making Hawaii and Puerto Rico the only suitable places in the United States to farm the crop. But, as the world’s top consumer of coffee, the U.S. requires a massive supply to stay caffeinated. Mintel estimates that the U.S. coffee market reached $19.75 billion last year.

The increase in trade duties could leave consumers with even higher costs after several years of soaring coffee prices. Inflation-weary consumers have seen prices for lattes and cold brew climb as droughts and frost hit the global coffee supply, particularly in Brazil. Earlier this year, coffee bean futures hit all-time highs. They rose 1% on Thursday, although still well below the record set in February.

To be sure, there’s still time for Brazil to strike a deal with the White House before the tariffs go into effect on Aug. 1. Plus, food and beverage makers are hoping that the Trump administration will grant exemptions for key commodities. U.S. Department of Agriculture Secretary Brooke Rollins said in an interview in late June that the White House is considering exemptions for produce that can’t be grown in the U.S. — including coffee.

But if that doesn’t happen, coffee companies like Folgers owner J.M. Smucker, Keurig Dr Pepper, Starbucks and Dutch Bros will face much higher costs for the commodity. Giuseppe Lavazza, chair of Italian roaster Lavazza, said on Bloomberg TV on Thursday morning that the latest tariff could mean “a lot of inflation” for the coffee industry.

Roasters will try to mitigate the impact of the higher tariff, but it won’t be easy.

“Every company is always trying to eke out the next efficiency, to dial into their operations or find the way to minimize inflationary pressures, but a 50% tariff on a commodity that fundamentally is not available in the U.S. — you can’t really do much with that,” Tom Madrecki, vice president of supply chain and logistics for the Consumer Brands Association, a trade group that represents the consumer packaged goods industry.

One mitigation tactic could be to import beans from countries other than Brazil, but companies will likely still be paying more for the commodity.

“A characteristic of tariffs, especially when you have tariffs on multiple countries at once, is that not just the inbound cost rises. It allows the pricing floor to also rise,” Madrecki said. “If you have cheaper coffee in a country different than Brazil, you’re not inclined to sell it at a 30% lower cost. You’re going to try to bump your coffee up a bit more, too.”

At-home coffee brands, like JM Smucker’s Dunkin’ and Kraft Heinz’s Maxwell House, have already been hiking their prices this year in response to spiking commodity costs. More price increases could be on the way for consumers, although retailers may push back.

Keurig Dr Pepper would consider additional price hikes in the latter half of the year to mitigate the impact of tariffs, CEO Tim Cofer said in late April, after Trump introduced his initial round of so-called reciprocal duties.

And Smuckers warned investors on its quarterly conference call in early June that tariffs on coffee were weighing on its profits. Coffee accounts for roughly a third of the company’s revenue.

“Green coffee is an unavailable natural resource that cannot be grown in the continental United States due to its reliance on a tropical climate,” Smuckers CEO Mark Smucker said. “We currently purchase approximately 500 million pounds of green coffee annually, with the majority coming from Brazil and Vietnam, the two largest coffee-producing countries.”

Vietnam, which announced a tentative trade deal with the White House earlier this month, supplies about 8% of the U.S.’s green coffee beans. Under the agreement, the U.S. will impose a 20% duty on Vietnamese imports.

Consumers who prefer a caramel macchiato from Starbucks for their caffeine hit will likely see a more muted impact on their wallets.

After several quarters of sluggish U.S. sales, Starbucks CEO Brian Niccol said in late 2024 that the company wouldn’t raise prices in 2025, in the hopes of winning back customers who had complained about how expensive its drinks had gotten. While it waits for its turnaround to take hold, Starbucks might choose to swallow the higher coffee costs.

The coffee giant also benefits from its diversity — both in suppliers and the breadth of its menu, which now includes the popular Refreshers line. Starbucks imports its coffee from 30 different countries, and roughly 10% of its cost of goods sold in North America comes from coffee.

The new trade duty could mean a 0.5% increase in Starbucks’ North American cost of goods sold, assuming about 22% of its beans come from Brazil, TD Cowen analyst Andrew Charles wrote in a note to clients on Thursday. Starbucks’ packaged drinks, which are distributed by Nestle, could see their cost of goods sold increase 3.5%. Altogether, that represents a 5-cent drag on annual earnings per share, according to Charles.

For rival Dutch Bros, higher coffee costs also wouldn’t hurt its bottom line much. Coffee accounts for less than a tenth of the drive-thru coffee chain’s cost of goods sold. Assuming that Dutch Bros sources more than half of its coffee from Brazil, its cost of goods sold would rise just 1.3%, according to Charles’ estimates.

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A new analysis from the International Council on Clean Transportation (ICCT) has found that battery electric vehicles (BEVs) sold in Europe today produce 73 percent fewer greenhouse gas emissions over their lifetime than comparable gasoline-powered cars

The findings are based on an updated life-cycle assessment (LCA) of all major vehicle powertrain types, including internal combustion engine vehicles (ICEVs), hybrids (HEVs), plug-in hybrids (PHEVs), battery electric vehicles (BEVs), and hydrogen fuel cell electric vehicles (FCEVs).

The report accounts for emissions from vehicle and battery manufacturing, energy production, use and maintenance, while crucially considering changes in the EU’s electricity mix over a car’s operational life.

“Battery electric cars in Europe are getting cleaner faster than we expected and outperform all other technologies, including hybrids and plug-in hybrids,” said lead researcher Dr. Marta Negri. “This progress is largely due to the fast deployment of renewable electricity across the continent and the greater energy efficiency of battery electric cars.”

Further estimates show that BEVs sold this year emit an average of 63 grams (g) of CO₂-equivalent per kilometer (e/km)—down from 83 g CO₂e/km in the ICCT’s 2021 study, and far below the 235 g CO₂e/km estimated for gasoline ICEVs.

The improvement, the ICCT said, reflects rapid decarbonization of Europe’s grid and growing efficiency gains in battery and vehicle production.

When BEVs are powered solely by renewable electricity, their life-cycle emissions fall even further—to 52 g CO₂e/km, or 78 percent lower than those of gasoline cars.

In contrast, the ICCT found that other powertrain types show only limited progress. Plug-in hybrids emit about 30 percent less than gasoline cars over their lifetime, and hybrids achieve just a 20 percent reduction. Natural gas vehicles offer only a 13 percent cut, and diesel cars show emissions similar to gasoline models.

The report also assessed hydrogen fuel cell vehicles. When powered by hydrogen derived from renewable electricity—a technology not yet widely available—FCEVs can reduce emissions by 79 percent compared to gasoline cars.

However, nearly all hydrogen currently used in Europe is produced from natural gas, limiting the actual emission savings to around 26 percent.

Decarbonizing the grid key to BEV success

The ICCT attributes the growing emissions advantage of electric cars to the rapid transition toward renewable energy across the EU.

In 2025, renewables are expected to make up 56 percent of electricity generation, up from 38 percent in 2020. This trend is projected to continue, reaching 86 percent by 2045, based on data from the EU’s Joint Research Centre.

Even with their higher production emissions—largely due to battery manufacturing—electric cars close the “emissions debt” within the first 17,000 kilometers of use, typically within the first one to two years in Europe.

Another purpose of its updated LCA, according to ICCT, was to counter widespread misinformation about electric vehicles’ environmental impacts.

“We hope this study brings clarity to the public conversation, so that policymakers and industry leaders can make informed decisions,” said Dr. Georg Bieker, co-author of the report. “We’ve recently seen auto industry leaders misrepresenting the emissions math on hybrids.”

“Life-cycle analysis is not a choose-your-own-adventure exercise. Our study accounts for the most representative use cases and is grounded in real-world data. Consumers deserve accurate, science-backed information,” he added.

A common misperception, the ICCT notes, is that electric cars are worse for the climate because of their manufacturing footprint.

However, the study concludes that failing to account for the evolving electricity mix and real-world driving patterns leads to distorted comparisons that undervalue electric cars’ advantages.

The full report can be viewed on the ICCT’s website.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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Over a number of years working for a large money manager with a rich history of stock picking, I became more and more enamored with the benefits of scanning for constructive price charts regardless of the broad market conditions.  Earlier in my career, as I was first learning technical analysis, I devoured work by stock picking guru Mike Webster and other William O’Neil disciples who advocated for finding strong charts in any market environment.

Given that background, I was super excited this week to apply a true stock picker’s mindset, with the goal of identifying one compelling chart in each of ten S&P 500 sectors.  From Communication Services to Utilities, there are plenty of interesting technical setups and nuances to discuss.  And if you’re wondering why there are only ten charts instead of 11, that’s because I skipped Real Estate.  It’s a smaller sector, which I tend to think of more in terms of sector rotation than specific security selection.

Let’s kick things off with a top-performing chart in Communication Services that is showing all the signs of accumulation.

DoorDash Inc. (DASH)

While the mega cap Magnificent 7 stocks like Meta Platforms (META) and Alphabet Inc (GOOGL) tend to grab all the headlines, I’m more intrigued by other names in this sector demonstrating positive technical characteristics.  DoorDash has been making higher highs and higher lows, and remains above three upward-sloping moving averages.

The price is above the 21-day exponential moving average, which is above the 50-day simple moving average, which is above the 200-day simple moving average.  Combined with strong but not excessive momentum, along with improving relative strength, and we have a chart that continues to feature bullish signs in July 2025.

Booking Holdings Inc. (BKNG)

If it seems as if DoorDash is a little too overextended, Booking Holdings is a bit earlier on in its breakout journey.  Here we can see a clear resistance level around $5300, with a breakout and subsequent retest confirming a new uptrend phase.

When a chart like this shows a clear and consistent resistance level, the initial breakout can be quite tempting on the long side.  The subsequent pullback to that same breakout point, followed by new support at the breakout point, serves to validate the breakout and confirm the bullish reading.

With charts like BKNG, I like to use the 21-day exponential moving average as an initial warning sign.  As long as the price remains above this short-term trend mechanism, then the uptrend is still intact.  If and when the price violates this moving average, that’s when I like to review the chart to determine whether the stock still deserves a place in my portfolio.

Boston Scientific Corp. (BSX)

Our final example, Boston Scientific, is one that I would argue still has a bit to prove.  We can observe a clear resistance level around $107.50, which was initially set in February and then retested in May and June.  

This is exactly where I would leverage the Alert Workbench on StockCharts to let me know when the price has finally broken above this crucial resistance level.  I love to save potential breakout candidates to a new ChartList, and then set alerts for if and when the price finally breaks above the entry point.  That way, you’re able to identify an opportunity and develop a simple trading plan up front, and then let StockCharts do the “heavy lifting” and keep a close watch on the price action in the days and weeks to come!

To see the other seven charts in all their glory, head over to the StockCharts TV YouTube channel!

RR#6,

Dave

PS- Ready to upgrade your investment process?  Check out my free behavioral investing course!

David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

marketmisbehavior.com

https://www.youtube.com/c/MarketMisbehavior

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice.  The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.  

The author does not have a position in mentioned securities at the time of publication.    Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.