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NioCorp Developments (NASDAQ:NB) has completed the US$8.4 million acquisition of the manufacturing assets and intellectual property of Massachusetts-based FEA Materials.

NioCorp expects the move to position it as a domestic producer of aluminum-scandium (Al-Sc) master alloy amid growing demand for the material in defense and commercial markets.

The all-cash purchase complements NioCorp’s Elk Creek critical minerals project in Nebraska, where it aims to produce scandium oxide alongside niobium, titanium and potentially rare earths once fully financed and operational.

FEA’s proprietary process converts scandium oxide directly into Al-Sc master alloy, bypassing intermediate metal production. NioCorp is also assessing the feasibility of producing finished Al-Sc alloy parts via casting, forging and machining for original equipment manufacturers in the US.

“This strategic acquisition positions NioCorp to potentially build America’s first vertically integrated scandium supply chain from mine to finished alloy parts,” NioCorp CEO Mark A. Smith said in a press release.

Eugene Prahin, CEO of FEA, praised NioCorp’s vertically integrated approach, adding that the company’s alloying technology “will be key to growing scandium-based structural alloys in the years to come.”

The FEA acquisition follows a US$10 million Pentagon Title III award to NioCorp’s subsidiary Elk Creek Resources. Announced in August, it is geared at supporting scandium oxide production.

NioCorp is also collaborating with Lockheed Martin (NYSE:LMT) on aerospace-grade Al-Sc components.

“Working jointly with the Pentagon, NioCorp is committed to insulating the US from market manipulation by China, which has historically constrained scandium-based technologies,’ said Smith.

With the latest acquisition and the government funding, NioCorp envision building a complete US mine-to-market supply chain for scandium, spanning extraction, alloy production and finished parts manufacturing.

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

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The Federal Aviation Administration this week told airlines it will investigate whether they complied with orders from the Trump administration during the record-long government shutdown to cut flights.

The orders came in November after the shutdown had been going for a month and airports were facing shortages of air traffic control workers.

The emergency order affected 40 major airports in the U.S. and fluctuated between cuts of 3% to 6% for each airline before the shutdown ended on Nov. 12.

In a letter sent Monday to U.S. airlines, the FAA warned that they could face $75,000 fines for each flight over the allotted limit during the shutdown.

Airlines have 30 days to prove they complied with the required cuts.

Air traffic controllers, like most other government workers, weren’t paid during the 43-day shutdown, and many missed work, sparking safety concerns.

The FAA lifted the restrictions Nov. 16, four days after the shutdown ended.

Despite the shutdown still being in effect Nov. 14 — when 6% flight cuts were required — only 2% of flights were actually cut, according to Cirium, a flight analytics firm.

The cuts also had a major financial impact on airlines, with Delta reporting that it lost $200 million between Nov. 7 and Nov. 16 when the order was in effect.

More than 10,000 flights were canceled in the U.S. during the nine-day period.

The Associated Press contributed to this report. 

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President Donald Trump ordered a sweeping federal review of every childhood vaccine recommendation in the United States Friday, just hours after a CDC advisory committee voted to end its long-standing guidance for infants to receive the hepatitis B vaccine at birth, calling the rule unnecessary for healthy newborns.

‘Today, the CDC Vaccine Committee made a very good decision to END their Hepatitis B Vaccine Recommendation for babies, the vast majority of whom are at NO RISK of Hepatitis B, a disease that is mostly transmitted sexually, or through dirty needles,’ Trump wrote.

The president also critiqued what he sees as a vaccine schedule that requires ‘far more than is necessary.’

‘The American Childhood Vaccine Schedule long required 72 ‘jabs,’ for perfectly healthy babies, far more than any other Country in the World, and far more than is necessary,’ the president added. ‘In fact, it is ridiculous! Many parents and scientists have been questioning the efficacy of this ‘schedule,’ as have I!’

Trump announced he signed a memo directing HHS to ‘fast track’ the current American vaccine schedule.

‘I have just signed a Presidential Memorandum directing the Department of Health and Human Services to ‘FAST TRACK’ a comprehensive evaluation of Vaccine Schedules from other Countries around the World, and better align the U.S. Vaccine Schedule, so it is finally rooted in the Gold Standard of Science and COMMON SENSE!’ Trump wrote.

Trump closed his message by reiterating his support for his HHS Secretary, Robert F. Kennedy Jr., writing, ‘I am fully confident Secretary Robert F. Kennedy, Jr., and the CDC, will get this done, quickly and correctly, for our Nation’s Children.’

The White House did not immediately respond to Fox News Digital’s request for comment.

This is a developing story, check back later for updates.
 

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A teenage girl who spent her final years advocating for young people battling cancer is forever memorialized in history, thanks to a key bill passed by the House of Representatives.

Mikaela Naylon was just 16 when she died five years after being diagnosed with osteosarcoma, a rare form of bone cancer.

Rep. Michael McCaul, R-Texas, who helped lead the landmark legislation that became her namesake, said Mikaela spent much of that time fighting to give fellow children a chance to survive cancer.

He told Fox News Digital that he viewed childhood cancer patients as ‘the best advocates’ for their cause, calling them his ‘better angels.’

‘Mikaela was a great example of that,’ McCaul said. ‘She was very sick. She’d just undergone radiation and chemotherapy. She wasn’t feeling very well, and I could tell. But she still made the effort to come to Washington, to go to members’ offices and advocate for the legislation.’

The Mikaela Naylon Give Kids A Chance Act is aimed at expanding children’s access to existing cancer therapy trials, as well as incentivizing development of treatments and solutions for pediatric cancer.

It reauthorizes funding for the National Institutes of Health (NIH) to support pediatric disease research through fiscal year 2027, and extends the Food and Drug Administration’s (FDA) ability to expedite review of drugs aimed at helping certain pediatric illnesses.

‘It’s probably one of the most rewarding things I’ve done is to not only draw awareness to childhood cancer by forming the [Childhood Cancer Caucus] and then having an annual summit, but to be able to pass legislation that results in saving children’s lives. I don’t think there’s anything more important than that,’ McCaul said.

His bill passed the House unanimously on Monday, with both Republicans and Democrats speaking out in strong support for the legislation.

Mikaela’s family was in attendance to watch both its passage and the speeches lawmakers gave in favor of it.

‘Nothing will take the place of her. But it helped fill kind of a void, an emptiness they have right now. And they’re very proud of that, that her legacy is carried on through this legislation,’ McCaul, who also gave the Naylon family a tour of the U.S. Capitol, said.

Mikaela’s parents Kassandra and Doug, and her brother Ayden, told Fox News Digital that she had ‘faced every day with hope, purpose and a fierce determination to make the world better for the kids who would come after her.’

‘She believed that all children, no matter how rare their diagnosis, deserve access to the most promising treatments and a real chance at life. This legislation reflects that mission,’ the Naylon family told Fox News Digital.

They thanked McCaul as well as Reps. Debbie Dingell, D-Mich., and Gus Bilirakis, R-Fla., for championing the bill, as well as advocacy groups who also helped shepherd it forward.

‘Their commitment ensures that Mikaela‘s voice, and the voices of so many brave children like her, will forever be heard in the halls of Congress,’ the family said.

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The Senate is quietly winning the battle over states’ abilities to craft their own artificial intelligence (AI) regulations, but there is still a desire to chart out a rough framework at the federal level. 

The issue of a blanket AI moratorium, which would have halted states from crafting their own AI regulations, was thought to have been put to bed over the summer. But the push was again revived by House Republicans, who were considering dropping it into the annual National Defense Authorization Act. 

However, Republicans in the lower chamber have pulled back from that push, even as the White House has pressed Congress to create a federal framework that would make regulations more cohesive across the country. 

A trio of Senate Republicans, Sens. Josh Hawley of Missouri, Marsha Blackburn of Tennessee and Ron Johnson of Wisconsin, who banded together to block the original proposal, cheered the provision’s apparent rise from the grave.

Hawley told Fox News Digital that it was good news that the provision would not be included in the defense authorization bill, but warned that ‘vigilance is needed, and Congress needs to act.’

‘I mean, for everybody out there saying, ‘Well, Congress needs to act and create one standard,’ I agree with that,’ he said. ‘And we can start by banning chat bots for minors.’ 

Sen. Ted Cruz, R-Texas, who chairs the Senate Commerce, Science and Transportation committee, initially pushed for a moratorium to be included in Trump’s One Big, Beautiful Bill. His position on the issue has been to unchain AI to give the U.S. a competitive edge against foreign adversaries like China.

But that attempt was nearly unanimously defeated over the summer and stripped from the bill. And Cruz hasn’t given up.

‘The discussions are ongoing, but it is the White House that is driving,’ Cruz told Fox News Digital. 

Senate Majority Leader John Thune, R-S.D., acknowledged that getting the moratorium into the defense authorization bill would be difficult earlier in the week.

‘That’s controversial, as you know,’ Thune said. ‘So, I mean, I think the White House is working with senators and House members for that matter to try and come up with something that works but preserves states’ rights.’

Trump declared last month that the U.S. ‘MUST have one Federal Standard instead of a patchwork of 50 State Regulatory Regimes,’ and argued that over regulation at the state level was threatening the investment, and expected growth, of AI. 

The White House reportedly drafted an executive order that would have blocked states from regulating AI that would have withheld certain streams of federal funding from states that didn’t comply with the order, and enlisted the Department of Justice to sue states that crafted their own regulations.

So far, Trump has not taken action on the order. 

Blackburn, who was the leading player in thwarting Cruz’s previous attempt to assert an AI moratorium into Trump’s marquee tax bill, also wants some kind of federal framework, but one that is designed to ‘protect children, consumers, creators, and conservatives,’ a spokesperson for Blackburn told Fox News Digital in a statement. 

‘Senator Blackburn will continue her decade-long effort to work with her colleagues in both the House and Senate to pass federal standards to govern the virtual space and rein in Big Tech companies who are preying on children to turn a profit,’ the spokesperson said.

And Johnson, another key figure in blocking the moratorium earlier this year, argued to Fox News Digital that it was an ‘enormously complex problem. It’s my definition of a problem.’ 

But unlike his counterparts, he was more skeptical about Congress producing a framework that he would be comfortable with.

‘I’m not a real fan of this place,’ Johnson said. ‘And I think we’d be far better off if we passed a lot fewer laws. I’m not sure how often we get it right. Look at healthcare, look at how that’s been completely botched.’ 

‘What are we gonna do with AI? Hard to say, but we just don’t go through the problem-solving process,’ he continued. ‘And again, I’m concerned, the real experts on this have got vested interests. Whatever they’re advising is, can you really trust them?’

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The Prospectors & Developers Association of Canada (PDAC) is pleased to announce that registration is now open for PDAC 2026, taking place March 1-4, 2026, at the Metro Toronto Convention Centre in Toronto. The world’s leading gathering for mineral exploration and mining will once again unite industry leaders, investors, governments, students and Indigenous communities for four days of deals, ideas and discovery.

“PDAC 2026 is where conversations, connections and capital converge at a scale you won’t find anywhere else,” said PDAC President Karen Rees. “It’s a unique opportunity to meet directly with company leaders, government officials, policymakers and investors, to strike new deals and move projects forward. Just as importantly, it’s a place to advance respectful and mutually beneficial partnerships with Indigenous communities and other local partners. From students and early-career professionals to senior executives, everyone who attends PDAC 2026 can gain insight, build relationships and help shape the direction of our industry.”

What to expect at PDAC 2026

World-class scale and reach:
PDAC 2026 builds on the momentum of recent years, following a 2025 Convention that welcomed more than 27,000 attendees from over 130 countries and 91 government exhibitors. Its global scale and strong government-to-industry presence make it the most influential event for the mineral exploration and mining community.

Exhibits:
Bigger than ever in 2026, PDAC will feature more than 1,300 exhibitors across the Trade Show, Investors Exchange, and an expanded Trade Show North. Attendees can explore show floors packed with projects, equipment, technology, services, and country and regional displays that showcase the latest developments and opportunities across the sector.

Investment opportunities:
PDAC 2026 is a must-attend event for investors. Connect at the Investors Exchange, evaluate projects and meet management teams. See results first-hand in Core Shack, hear company updates through Corporate Presentations for Investors (CPI), and gain market insight at the Investment Leaders Forum.

Programming:
Hundreds of presenters will deliver cutting-edge content through panels, technical sessions, short courses, and keynote presentations. Programming spans Indigenous partnerships, sustainability, capital markets and financing, and advances in geoscience and exploration techniques, as well as the convention’s flagship keynote themes: commodities, mining industry outlook, technology and innovation, and discovery of the year.

Networking and events:
From daily meetups like Coffee Connections and the Lunch Social to flagship social events such as The Network: Gold Rush Gathering and the high-energy We Will Rock You Finale, PDAC 2026 offers countless ways to connect. Plus, the Awards Celebration & Nite Cap honours the 2026 PDAC Award recipients and brings the global industry together to recognize excellence and drive the sector forward.

Register now

Be part of PDAC 2026 in Toronto, March 1-4, 2026. Register and plan your experience today at pdac.ca/convention-2026.

About PDAC

The Prospectors & Developers Association of Canada (PDAC) is the leading voice of the mineral exploration and development community, an industry that employs more than 724,000, and contributed $156 billion to Canada’s GDP in 2024 (Natural Resources Canada, February 2025). Currently representing over 8,200 members around the world, PDAC’s work centres on supporting a competitive, responsible, and sustainable mineral sector. PDAC 2026, our 94th annual convention, will take place in person in Toronto, Canada from March 1-4. Please visit pdac.ca for more information.

Media contact

Scott Barber
Director, Communications
sbarber@pdac.ca
416-362-1969 x 244

Source

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Jennifer Newstead to join Apple as senior vice president, will become general counsel in March 2026

Kate Adams to retire late next year

Lisa Jackson to retire

Apple® today announced that Jennifer Newstead will become Apple’s general counsel on March 1, 2026, following a transition of duties from Kate Adams, who has served as Apple’s general counsel since 2017. She will join Apple as senior vice president in January, reporting to CEO Tim Cook and serving on Apple’s executive team.

In addition, Lisa Jackson, vice president for Environment, Policy, and Social Initiatives, will retire in late January 2026. The Government Affairs organization will transition to Adams, who will oversee the team until her retirement late next year, after which it will be led by Newstead. Newstead’s title will become senior vice president, General Counsel and Government Affairs, reflecting the combining of the two organizations. The Environment and Social Initiatives teams will report to Apple chief operating officer Sabih Khan.

‘Kate has been an integral part of the company for the better part of a decade, having provided critical advice while always advocating on behalf of our customers’ right to privacy and protecting Apple’s right to innovate,’ said Tim Cook, Apple’s CEO. ‘I am incredibly grateful to her for the leadership she has provided, for her remarkable determination across a myriad of highly complex issues, and above all, for her thoughtfulness, her deeply strategic mind, and her sound counsel.’

‘I am deeply appreciative of Lisa’s contributions. She has been instrumental in helping us reduce our global greenhouse emissions by more than 60 percent compared to 2015 levels,’ said Cook. ‘She has also been a critical strategic partner in engaging governments around the world, advocating for the best interests of our users on a myriad of topics, as well as advancing our values, from education and accessibility to privacy and security.’

‘We couldn’t be more pleased to have Jennifer join our team,’ said Cook. ‘She brings an extraordinary depth of experience and skill to the role, and will advance Apple’s important work all over the world. We are also pleased that Jennifer will be overseeing both the Legal and Government Affairs organizations, given the increasing overlap between the work of both teams and her substantial background in international affairs. I know she will be an excellent leader going forward.’

‘I have long admired Apple’s deep focus on innovation and strong commitment to its values, its customers, and to making the world a better place,’ said Newstead. ‘I am honored to join the company and to lead an extraordinary team who are dedicated each and every day to doing what’s in the best interest of Apple’s users.’

‘It has been one of the great privileges of my life to be a part of Apple, where our work has always been about standing up for the values that are the foundation of this great company,’ said Adams. ‘I am proud of the good our wonderful team has done over the past eight years, and I am filled with gratitude for the chance to have made a difference. Jennifer is an exceptional talent and I am confident that I am leaving the team in the very best hands, and I’m really looking forward to working more closely with the Government Affairs team.’

‘Apple is a remarkable company and it has been a true honor to lead such important work here,’ said Jackson. ‘I have been lucky to work with leaders who understand that reducing our environmental impact is not just good for the environment, but good for business, and that we can do well by doing good. And I am incredibly grateful to the teams I’ve had the privilege to lead at Apple, for the innovations they’ve helped create and inspire, and for the advocacy they’ve led on behalf of our users with governments around the world. I have every confidence that Apple will continue to have a profoundly positive impact on the planet and its people.’

Newstead was most recently chief legal officer at Meta and previously served as the legal adviser of the U.S. Department of State, where she led the legal team responsible for advising the Secretary of State on legal issues affecting the conduct of U.S. foreign relations. She held a range of other positions in government earlier in her career as well, including as general counsel of the White House Office of Management and Budget, as a principal deputy assistant attorney general of the Office of Legal Policy at the Department of Justice, as associate White House counsel, and as a law clerk to Justice Stephen Breyer of the U.S. Supreme Court. She also spent a dozen years as partner at Davis Polk & Wardwell LLP, where she advised global corporations on a wide variety of issues. Newstead holds an AB from Harvard University and a JD from Yale Law School.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

NOTE TO EDITORS: For additional information visit Apple Newsroom ( www.apple.com/newsroom ), or email Apple’s Media Helpline at media.help@apple.com .

© 2025 Apple Inc. All rights reserved. Apple and the Apple logo are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251204848925/en/

Josh Rosenstock
Apple
jrosenstock@apple.com

News Provided by Business Wire via QuoteMedia

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Frank Holmes of US Global Investors (NASDAQ:GROW) shares his forecast for gold and silver.

He sees gold testing US$5,000 per ounce next year and then reaching US$7,000 by the end of US President Donald Trump’s second term in office.

‘And I think that silver will be over US$100,’ he added.

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

This post appeared first on investingnews.com

Silver is known as the most versatile precious metal, and its end uses range from silverware to medicine, as well as industrial and technological applications, which account for well over half of annual global demand.

In 2024, global physical silver demand reached 1.16 billion ounces, shy of the record of 1.28 billion ounces set in 2022, as per the Silver Institute’s latest World Silver Survey released in April 2025.

Industrial demand is on an upward trend from the push toward renewable energy — in particular, silver demand should benefit from the expansion of the solar energy sector, electric vehicles and the growing use of AI and data centers. The metal is a great conductor of both heat and electricity, making it perfect for use in solar panels.

In 2025, the Silver Institute expects global demand for silver to decline by 1 percent to 1.15 billion ounces, but remain at historically high levels. With all of that in mind, here’s a look at four factors driving silver demand.

1. Industrial fabrication

Expected demand in 2025: 677.4 million ounces

Silver is the best electrical and thermal conductor of all the metals, so it’s no surprise that it’s used in industrial fabrication. Industrial silver demand has seen steady growth in recent years. Coming in at just 491 million ounces in 2016, industrial demand rose to 592.3 million ounces in 2022, 657.1 million ounces in 2023 and a record 680.5 million ounces in 2024.

For 2025, the Silver Institute believes industrial demand will see a slight regression of 0.5 percent to 677.4 million ounces.

Here’s a brief rundown of the main industrial uses driving silver demand:

Electronics — In electronics, industrial silver is used mainly in multi-layer ceramic capacitors, membrane switches, silvered film, electrically heated automobile windshields, conductive adhesives and the preparation of thick-film pastes.

Electronics is expected to remain an important driver for silver going forward, as per the Silver Institute, which expects overall industrial silver consumption to reach 456.6 million ounces in 2025. Photovoltaics form the largest portion of electronic demand, totaling 197.6 million tons in 2024.

Using silver as conductive ink, photovoltaic cells transform sunlight into electricity. These cells are combined to form solar panels. The use of silver in the fabrication of photovoltaic cells, also known as solar cells, is seen as an area of rapid growth in the short to medium term. In fact, SolarPower Europe reported that total installations reached 2.2 terawatts by the end of 2024, and are expected to more than triple to more than 7 terawatts by 2030.

Automotive industry — Every electrical action in a modern car is activated with silver-coated contacts. Basic functions such as starting the engine, opening power windows, adjusting power seats and closing power trunks are all activated using a silver membrane switch. Furthermore, in January 2021, the Silver Institute reported that, depending on the model, battery electric vehicles contain between 25 and 50 grams of silver, while hybrid vehicles use 18 to 34 grams of silver. That’s compared to 15 to 28 grams of silver in a light internal combustion engine vehicle.

The Silver Institute has projected that automotive demand for silver could reach 90 million ounces by 2025. The association states that silver demand from the car industry will be driven by infrastructure investment, broader decarbonization efforts and the expansion of charging stations.

Brazing and soldering — Adding silver to the process of soldering or brazing helps produce smooth, leak-tight and corrosion-resistant joints when combining metal parts. In addition, silver-brazing alloys are used widely in everything from air conditioning and refrigeration to electric power distribution. The Silver Institute predicts demand from this segment to total 52.9 million ounces in 2025.

2. Jewelry

Expected demand in 2025: 196.2 million ounces

Jewelry is often what laypeople think about when they consider silver demand. And for good reason — few materials are better suited for jewelry than silver. Lustrous but resilient, silver responds well to sculpting, requires minimal care and lasts a lifetime.

While silver and gold possess similar working qualities, the white metal enjoys greater reflectivity and can achieve a brilliant polish. A vast amount of silver supply from mine production gets turned into a form of jewelry. The segment grew moderately by 3 percent in 2024, rising to 208.7 million ounces, but the Silver Institute is predicting a significant reversal in 2025, with a 6 percent decline to 196.2 million ounces.

3. Silver bullion, coins and bars

Expected demand in 2025: 204.4 million ounces

Another source of silver demand is for silver as an investment in the form of silver coins, bars and rounds. This category includes the silver used to fabricate the bullion, as well as small bar purchases by retail investors, according to the Silver Institute.

Silver coins have a long history. Minted silver coins were first used in the Eastern Mediterranean region in 550 BCE, and by 269 BCE the Roman Empire had adopted silver as well. Silver was the main circulating currency until the 19th century, when it was phased out of regular coinage.

While silver is not used in many circulating coins today, mints in many countries still create high-purity bullion coins and bars for investors.

Physical silver investment demand reached a record high of 338.3 million ounces in 2022, but declined considerably to 244.3 million ounces in 2023, before falling another 22 percent to 190.9 million ounces in 2024.

However, with rising uncertainty in global financial markets, the institute is predicting 7 percent growth in 2025 to 204.4 million ounces.

Silver exchange-traded products (ETPs) and silver ETFs purchase significant amounts of physical silver. Silver ETPs have experienced high volatility over the last five years, with demand peaking in 2020 with net inflows of 331.1 million ounces of silver, which fell to to 64.9 million ounces in 2021. Following the pandemic, ETPs experienced heavy outflows with investors selling off 117.4 million ounces in 2022 and 37.6 million ounces in 2023.

In 2024, as uncertainty began to seep into global financial markets, investors once again returned to ETPs, pushing demand to 61.6 million ounces of silver flowing into the products.

The Silver Institute expects demand to grow by 14 percent in 2025 to 70 million ounces, attributing these inflows to cuts to the Federal Funds rate, concerns over US debt load, and instability in the Middle East.

4. Silverware

Expected demand in 2025: 46 million ounces

Sterling silver has been the standard for silver holloware and silver flatware since the 14th century. Silver cutlery and other decor lasts for generations as it resists tarnish and is a traditional decoration in homes around the world. Base metal copper is mixed with silver to strengthen it for use as cutlery, bowls and decorative items.

Demand for the metal from the silverware industry reached 73.5 million ounces in 2022 but has declined since then to 54.2 million ounces in 2024. The Silver Institute expects the market to shed another 15 percent in 2025 to 46 million ounces.

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

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