GRAPEVINE, Texas, Dec. 10, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today released financial results for the third quarter ended November 2, 2024. The Company’s condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company’s Form 10-Q and supplemental information can be found at https://investor.gamestop.com. THIRD QUARTER OVERVIEW Net sales were $0.860 billion for the period, compared to $1.078 billion in the prior year's third quarter. Selling, general and administrative (“SG&A”) expenses were $282.0 million for the period, compared to $296.5 million in the prior year's third quarter. Net income was $17.4 million for the period, compared to a net loss of $3.1 million for the prior year’s third quarter. Cash, cash equivalents and marketable securities were $4.616 billion at the close of the quarter. During the quarter, the Company completed its previously disclosed "at-the-market" equity offering program pursuant to the prospectus supplement filed with the SEC on September 6, 2024 by selling 20.0 million shares of its common stock for aggregate gross proceeds of approximately $400.0 million (before commissions and offering expenses). The Company does not anticipate any further at-the-market offerings involving the offer and sale of its common stock during the current fiscal year. The Company will not be holding a conference call today. Additional information can be found in the Company’s Form 10-Q. NON-GAAP MEASURES AND OTHER METRICS As a supplement to the Company’s financial results presented in accordance with U.S. generally accepted accounting principles (“GAAP”), GameStop may use certain non-GAAP measures, such as adjusted SG&A expenses, adjusted operating loss, adjusted net income (loss), adjusted earnings (loss) per share, adjusted EBITDA and free cash flow. The Company believes these non-GAAP financial measures provide useful information to investors in evaluating the Company’s core operating performance. Adjusted SG&A expenses, adjusted operating loss, adjusted net income (loss), adjusted earnings (loss) per share and adjusted EBITDA exclude the effect of items such as certain transformation costs, asset impairments, severance, as well as divestiture costs. Free cash flow excludes capital expenditures otherwise included in net cash flows provided by (used in) operating activities. The Company’s definition and calculation of non-GAAP financial measures may differ from that of other companies. Non-GAAP financial measures should be viewed as supplementing, and not as an alternative or substitute for, the Company’s financial results prepared in accordance with GAAP. Certain of the items that may be excluded or included in non-GAAP financial measures may be significant items that could impact the Company’s financial position, results of operations or cash flows and should therefore be considered in assessing the Company’s actual and future financial condition and performance. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS - SAFE HARBOR This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon management’s current beliefs, views, estimates and expectations, including as to the Company’s industry, business strategy, goals and expectations concerning its market position, strategic and transformation initiatives, future operations, margins, profitability, sales growth, capital expenditures, liquidity, capital resources, expansion of technology expertise, and other financial and operating information, including expectations as to future operating profit improvement. Forward-looking statements are subject to significant risks and uncertainties and actual developments, business decisions, outcomes and results may differ materially from those reflected or described in the forward-looking statements. The following factors, among others, could cause actual developments, business decisions, outcomes and results to differ materially from those reflected or described in the forward-looking statements: economic, social, and political conditions in the markets in which we operate; the competitive nature of the Company’s industry; the cyclicality of the video game industry; the Company’s dependence on the timely delivery of new and innovative products from its vendors; the impact of technological advances in the video game industry and related changes in consumer behavior on the Company’s sales; interruptions to the Company’s supply chain or the supply chain of our suppliers; the Company’s dependence on sales during the holiday selling season; the Company’s ability to obtain favorable terms from its current and future suppliers and service providers; the Company’s ability to anticipate, identify and react to trends in pop culture with regard to its sales of collectibles; the Company’s ability to maintain strong retail and ecommerce experiences for its customers; the Company’s ability to keep pace with changing industry technology and consumer preferences; the Company’s ability to manage its profitability and cost reduction initiatives; turnover in senior management or the Company’s ability to attract and retain qualified personnel; potential damage to the Company’s reputation or customers' perception of the Company; the Company’s ability to maintain the security or privacy of its customer, associate or Company information; occurrence of weather events, natural disasters, public health crises and other unexpected events; risks associated with inventory shrinkage; potential failure or inadequacy of the Company's computerized systems; the ability of the Company’s third party delivery services to deliver products to the Company’s retail locations, fulfillment centers and consumers and changes in the terms the Company has with such service providers; the ability and willingness of the Company’s vendors to provide marketing and merchandising support at historical or anticipated levels; restrictions on the Company’s ability to purchase and sell pre-owned products; the Company’s ability to renew or enter into new leases on favorable terms; unfavorable changes in the Company’s global tax rate; legislative actions; the Company’s ability to comply with federal, state, local and international laws and regulations and statutes; potential future litigation and other legal proceedings; the value of the Company’s securities holdings; concentration of the Company’s investment portfolio into one or few holdings; the recognition of losses in a particular security even if the Company has not sold the security; volatility in the Company’s stock price, including volatility due to potential short squeezes; continued high degrees of media coverage by third parties; the availability and future sales of substantial amounts of the Company’s Class A common stock; fluctuations in the Company’s results of operations from quarter to quarter; the Company’s ability to incur additional debt; risks associated with the Company’s investment in marketable, nonmarketable and interest-bearing securities, including the impact of such investments on the Company’s financial results; and the Company’s ability to maintain effective control over financial reporting. Additional factors that could cause results to differ materially from those reflected or described in the forward-looking statements can be found in GameStop's most recent Annual Report on Form 10-K and other filings made from time to time with the SEC and available at www.sec.gov or on the Company’s investor relations website (https://investor.gamestop.com). Forward-looking statements contained in this press release speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. GameStop Corp. Schedule II (in millions, except per share data) (unaudited) Non-GAAP results The following tables reconcile the Company's selling, general and administrative expenses (“SG&A expense”), operating loss, net income (loss) and net income (loss) per share as presented in its unaudited consolidated statements of operations and prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) to its adjusted SG&A expense, adjusted operating loss, adjusted net income (loss), adjusted EBITDA and adjusted net income (loss) per share. The diluted weighted-average shares outstanding used to calculate adjusted earnings per share may differ from GAAP weighted-average shares outstanding. Under GAAP, basic and diluted weighted-average shares outstanding are the same in periods where there is a net loss. The reconciliations below are from continuing operations only. GameStop Corp. Schedule III (in millions) (unaudited) Non-GAAP results The following table reconciles the Company's cash flows provided by (used in) operating activities as presented in its unaudited Consolidated Statements of Cash Flows and prepared in accordance with GAAP to its free cash flow. Free cash flow is considered a non-GAAP financial measure. Management believes, however, that free cash flow, which measures our ability to generate additional cash from our business operations, is an important financial measure for use by investors in evaluating the company’s financial performance. Non-GAAP Measures and Other Metrics Adjusted EBITDA, adjusted SG&A expense, adjusted operating loss, adjusted net income (loss) and adjusted net income (loss) per share are supplemental financial measures of the Company’s performance that are not required by, or presented in accordance with, GAAP. We believe that the presentation of these non-GAAP financial measures provide useful information to investors in assessing our financial condition and results of operations. We define adjusted EBITDA as net income (loss) before income taxes, plus interest income, net and depreciation and amortization, excluding stock-based compensation, certain transformation costs, business divestitures, asset impairments, severance and other non-cash charges. Net income (loss) is the GAAP financial measure most directly comparable to adjusted EBITDA. Our non-GAAP financial measures should not be considered as an alternative to the most directly comparable GAAP financial measure. Furthermore, non-GAAP financial measures have limitations as an analytical tool because they exclude some but not all items that affect the most directly comparable GAAP financial measures. Some of these limitations include: certain items excluded from adjusted EBITDA are significant components in understanding and assessing a company’s financial performance, such as a company’s cost of capital and tax structure; adjusted EBITDA does not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments; adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs; although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and adjusted EBITDA does not reflect any cash requirements for such replacements; and our computations of adjusted EBITDA may not be comparable to other similarly titled measures of other companies. We compensate for the limitations of adjusted EBITDA, adjusted SG&A expense, adjusted operating loss, adjusted net income (loss) and adjusted net income (loss) per share as analytical tools by reviewing the comparable GAAP financial measure, understanding the differences between the GAAP and non-GAAP financial measures and incorporating these data points into our decision-making process. Adjusted EBITDA, adjusted SG&A expense, adjusted operating loss, adjusted net income (loss) and adjusted net income (loss) per share are provided in addition to, and not as an alternative to, the Company’s financial results prepared in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. Because adjusted EBITDA, adjusted SG&A expense, adjusted operating loss, adjusted net income (loss) and adjusted net income (loss) per share may be defined and determined differently by other companies in our industry, our definitions of these non-GAAP financial measures may not be comparable to similarly titled measures of other companies, thereby diminishing their utility. Contact GameStop Investor Relations 817-424-2001 ir@gamestop.comAs President Joe Biden's term comes to an end, social media users are falsely claiming that his administration spent billions of dollars on the construction of just a handful of electric vehicle charging stations. Multiple high-profile figures, including sitting members of Congress, have promoted the claims. The claims misrepresent funding set aside by the 2021 Infrastructure and Jobs Act , also known as the Bipartisan Infrastructure Law, for a national network of publicly available electric vehicle chargers . Biden has set a goal of creating 500,000 such chargers by 2030. Here's a closer look at the facts. CLAIM: The Biden administration spent $7.5 billion to build eight electric vehicle charging stations. THE FACTS: That's incorrect. The $7.5 billion figure refers to the total amount allocated through the 2021 law to build a network of charging stations across the U.S., not the amount that has already been spent. There are currently 214 operational chargers in 12 states that have been funded through the law, with 24,800 projects underway across the country, according to the Federal Highway Administration. A charger, often called a charging port, provides electric power to one vehicle at a time through a connector, which is plugged into the vehicle. Stations are physical locations that can have multiple chargers. Secretary of Transportation Pete Buttigieg called the claims spreading online “false” in a series of X posts. “$7.5B has not been spent, nor anything like that,” he wrote, adding that federally funded chargers are built by individual states, not the federal government, and that most will be built in the second half of the 2020s. The total $7.5 billion in funding consists of $5 billion distributed through the National Electric Vehicle Infrastructure Formula Program , or NEVI, and $2.5 billion distributed through the Charging and Fueling Infrastructure Discretionary Grant Program , or CFI. NEVI funds, as determined by a formula, go annually to departments of transportation in all 50 states, plus Puerto Rico and the District of Columbia, from 2022 to 2026. The funds will be available until 2030. Each year, 10% of NEVI funding is set aside for states and local governments that require additional assistance. CFI provides grants to states and other localities through an application process. It funds electric vehicle charging, as well as other alternative fueling infrastructure, with a focus on underserved and disadvantaged communities. Rep. Michael Rulli, a Republican from Ohio, was among multiple high-profile figures who falsely claimed this week that the entire budget has already been spent. “Pete Buttigieg will leave his post as Transportation Secretary having spend $7.5 BILLION to build 8 EV charging stations,” he wrote in an X post that had received approximately 62,900 likes and shares as of Wednesday. “His legacy will be squandering billions on something nobody wants, while millions struggle to afford the things they need.” Rulli's office did not immediately respond to a request for comment. By early this year, only four states — Ohio, New York, Pennsylvania and Hawaii — had opened stations funded by the Bipartisan Infrastructure Law, The Associated Press reported in March . A Washington Post article published the next day said this amounted to just seven stations . Loren McDonald, an independent analyst tracking the electric vehicle charger buildout, told the AP that when assessing the progress that's been made it's important to understand that some states have extensive experience constructing electric vehicle charging infrastructure while others have little to none. He explained that Wisconsin, for example, had to pass a new law in order to comply with federal requirements. “This is a federal program, but at the end of the day, it's completely dependent on the states,” he said. “And so the real criticism probably needs to be directed at the states that are moving slowly or how the program was structure. But I don't know how else you would have done it.” Asked whether the federal government could do anything to help states move faster, McDonald suggested that it could have provided them with more guidance on how to manage their individual buildouts. All 50 states, Puerto Rico and the District of Columbia have access to two rounds of NEVI funding totaling nearly $2.4 billion, according to the Federal Highway Administration. As of Friday, 37 states have access to their third round of funding, for an additional $586 million total. The agency explained, however, that this does not represent money that has already been spent — just the money that is available to fund projects. The Federal Highway Administration has announced more than $1.3 billion in awards through CFI and funds set aside by NEVI with $779 million in grants currently available under both programs. This also represents money that is available for projects rather than money that has been spent. There are currently more than 203,000 publicly available charging ports across the U.S., with nearly 1,000 being turned on every week, according to the agency. This is more than double the number available in 2021. In addition to NEVI and CFI, funding sources include federal tax incentives and private investments. Find AP Fact Checks here: https://apnews.com/APFactCheck .

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Less than a month after winning the World Series, the Los Angeles Dodgers are spending big again to add one of baseball’s best pitchers to their star-studded roster. Blake Snell and the Dodgers agreed to a $182 million, five-year contract, according to a person with direct knowledge of the negotiations. The person spoke to The Associated Press on condition of anonymity Tuesday night because the deal is subject to a successful physical. The two-time Cy Young Award winner broke the news personally by posting a photo of himself on social media in a Dodgers uniform — No. 7. Snell gets a $52 million signing bonus, payable on Jan. 20, and annual salaries of $26 million, of which $13 million each year will be deferred. Because Snell is a Washington state resident, the signing bonus will not be subject to California income tax. Snell would join two-way star Shohei Ohtani and fellow Japanese right-hander Yoshinobu Yamamoto atop Los Angeles’ rotation, giving the Dodgers the first megadeal this offseason following Ohtani’s $700 million, 10-year contract and Yamamoto’s $325 million, 12-year agreement last offseason. Ohtani didn’t pitch this year while recovering from right elbow surgery but is expected back on the mound in 2025. He won his third MVP award — first in the National League — following a huge season at the plate exclusively as a designated hitter. Yamamoto went 7-2 with a 3.00 ERA in 18 starts as a rookie, then won twice in four October outings. Down to three healthy starting pitchers during the postseason, Los Angeles overcame a string of injuries to its projected rotation in winning the franchise’s second World Series title in five years. Right-handers Jack Flaherty and Walker Buehler then became free agents this fall, creating more voids on the staff. But the addition of Snell would fill a large one at the top with a legitimate ace. Snell’s $36.4 million average salary would rank as the fifth-highest among active deals next year behind Ohtani ($70 million), Philadelphia pitcher Zack Wheeler ($42 million), New York Yankees outfielder Aaron Judge ($40 million) and Texas pitcher Jacob deGrom ($37 million). Among expired contracts, it also was exceeded by pitchers Max Scherzer and Justin Verlander (both $43.33 million) under deals they agreed to with the New York Mets. ESPN first reported the details of Snell’s contract. Earlier this month, Snell opted out of his deal with San Francisco to become a free agent for the second consecutive offseason after he was slowed by injuries during his lone year with the Giants. The left-hander agreed in March to a $62 million, two-year contract that included a $17 million signing bonus payable on Jan. 15, 2026, a $15 million salary for 2024 and a $30 million salary for 2025, of which $15 million would have been deferred and payable on July 1, 2027. Snell, who turns 32 next week, went 5-3 with a 3.12 ERA in 20 starts this year, throwing a no-hitter at Cincinnati on Aug. 2 for one of only 16 individual shutouts in the major leagues this season. He struck out 145 and walked 44 in 104 innings. He was sidelined between April 19 and May 22 by a strained left adductor and between June 2 and July 9 by a strained left groin. Snell won Cy Young Awards in 2018 with Tampa Bay and 2023 with San Diego. He is 76-58 with a 3.19 ERA in nine seasons with the Rays (2016-20), Padres (2021-23) and Giants. Because he turned down a qualifying offer from San Diego last November, the Giants were not eligible to give Snell another one and won’t receive draft-pick compensation. Los Angeles expects All-Star right-hander Tyler Glasnow and three-time Cy Young Award winner Clayton Kershaw back in the rotation next year. Other starting candidates if healthy include right-handers Dustin May, Tony Gonsolin and Bobby Miller. Ohtani is coming off right elbow surgery in September 2023 and left shoulder surgery on Nov. 5. Glasnow didn’t pitch after Aug. 11 because of right elbow tendinitis. Kershaw, who turns 37 in March, had foot and knee surgeries on Nov. 7. He declined a $10 million player option in favor of free agency, but is expected to return to Los Angeles. May is coming back from Tommy John surgery in July 2023 and from an operation this past July to repair a tear in his esophagus. Gonsolin spent 2024 rehabbing from Tommy John surgery. Miller, an 11-game winner as a rookie in 2023, was sidelined early this season by shoulder inflammation. He struggled to a 2-4 record with an 8.52 ERA in 13 big league starts and ended the regular season in the minors. Yamamoto was sidelined by right triceps tightness between June 15 and Sept. 10, then returned and went 2-0 with a 3.86 ERA in four postseason starts. ___ AP Baseball Writers Janie McCauley and Mike Fitzpatrick contributed to this report.

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QB Josh Allen and coach Sean McDermott deserve credit in Bills latest AFC East-clinching seasonJamshedpur East , a constituency that has been a stronghold of the Bharatiya Janata Party (BJP) since the days when it was part of Bihar, is once again in the spotlight. The seat, which has been a BJP bastion since 1990, saw a significant shift in 2019 when former Chief Minister Raghubar Das was defeated by independent candidate Saryu Roy . This election, hence, is a crucial one for the Saffron party as it fields Purnima Sahu , the daughter-in-law of Das, in an attempt to reclaim the seat that has been synonymous with the Das family for over three decades. Purnima Sahu: BJP's hopeful for Jamshedpur East Purnima Sahu, a 30-year-old debutant in the political arena, had a monumental task in the run upto the assembly elections in Maharashtra. After all, despite the BJP’s strong historical record in the region, the party’s hold on Jamshedpur East was broken five years ago. Now, with the BJP hoping to restore its legacy in the constituency, all eyes are on Sahu to see whether she can uphold the influence that her father-in-law once commanded. 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Her campaign highlighted the work done by her father-in-law, Raghubar Das, during his tenure as Chief Minister, promising to continue the pro-people development initiatives he started. While the BJP pinned its hopes on Sahu, her candidacy sparked internal dissent within the party. Shiv Shankar Singh, a prominent BJP leader, has filed his nomination as an independent. The Congress fielded former Jamshedpur MP Ajoy Kumar as its candidate for Jamshedpur East. Why Jamshedpur East matters for BJP The BJP is banking on the strong support of Jamshedpur’s sizable business community to help tip the scales in its favor. With a focus on development, especially in sectors like women's welfare, health, and education, Sahu pledged to work towards improving the lives of her constituents, echoing her father-in-law’s earlier promises. Despite her inexperience in electoral politics, Sahu sounded confident that her work and vision will prove her critics wrong. “Opposition claims that I will be a proxy MLA, but I am a woman with vision and commitment. I will carve my own identity. I am not going to be a remote-controlled MLA. My control will be in the hands of the people,” she told ToI in an interview earlier in November. Raghubar Das, who served as the MLA from this constituency five times, is currently serving as the Governor of Odisha. His tenure in Jamshedpur East saw his staunch influence over the region, and now his family hopes to continue that legacy through Sahu. However, the question remains whether the people of Jamshedpur East will embrace a new era of leadership under the Das family or turn to other options. With election results due Saturday, the stakes couldn’t be higher for both Purnima Sahu and the BJP. (You can now subscribe to our Economic Times WhatsApp channel )

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LONDON & NEW YORK--(BUSINESS WIRE)--Dec 23, 2024-- Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering electric aviation, has entered into definitive documents and received shareholder approval for a transaction that includes up to $50 million in new committed funding. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241223436920/en/ Vertical Aerospace's VX4 prototype, which is currently under going piloted flight tests at its Flight Test Centre. (Photo: Business Wire) Today’s announcement marks the significant advancement of the agreement in principle, announced in November , aimed at strengthening Vertical’s balance sheet by approximately $180 million and accelerating the Company’s Flightpath 2030 strategy . Stuart Simpson, CEO at Vertical, said: “Ending this momentous year with a finalised funding commitment and strong shareholder backing is a tremendous milestone. This moment sets us up perfectly for our biggest year yet - with new investment, piloted testing progress and major technological developments all on the cards." Jason Mudrick, Founder and Chief Investment Officer at Mudrick Capital Management, said: “Vertical is revolutionizing how the world moves, and we are proud to play a pivotal role in positioning the company for success. We look forward to continuing to partner with Vertical’s exceptional team and contributing capital market and other expertise in helping to bring their groundbreaking product offering to reality.” Today’s announcement includes: Notes to Editors About Vertical Aerospace Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner and quieter way to travel. Vertical’s VX4 is a piloted, four passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical combines partnering with leading aerospace companies, including GKN Aerospace, Honeywell and Leonardo, with developing its own proprietary battery and propeller technology to develop the world’s most advanced and safest eVTOL. Vertical has c.1,500 pre-orders of the VX4, with customers across four continents, including American Airlines, Japan Airlines, GOL and Bristow. Headquartered in Bristol, the epicentre of the UK’s aerospace industry, Vertical was founded in 2016 by Stephen Fitzpatrick, founder of the OVO Group, Europe’s largest independent energy retailer. Vertical’s experienced leadership team comes from top tier automotive and aerospace companies such as Rolls-Royce, Airbus, GM and Leonardo. Together they have previously certified and supported over 30 different civil and military aircraft and propulsion systems. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding completion of the committed funding from Mudrick Capital and use of proceeds therefrom, the sufficiency of the proceeds from the committed funding to meet the Company’s more immediate capital expenditure requirements, the Company’s satisfaction of all closing conditions to the committed funding, our ability and plans to raise additional capital to fund our operations, statements regarding the design and manufacture of the VX4, our future results of operations and financial position and expected financial performance and operational performance, liquidity, growth and profitability strategies, business strategy and plans and objectives of management for future operations, including the building and testing of our prototype aircrafts on timelines projected, selection of suppliers, certification and the commercialization of the VX4 and our ability to achieve regulatory certification of our aircraft product on any particular timeline or at all, our plans to mitigate the risk that we are unable to continue as a going concern, our plans for capital expenditures, the expectations surrounding pre-orders and commitments, the features and capabilities of the VX4, the transition towards a net-zero emissions economy, as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: our limited operating history without manufactured non-prototype aircraft or completed eVTOL aircraft customer order; our potential inability to raise additional funds when we need or want them, or at all, to fund our operations; our limited cash and cash equivalents and recurring losses from our operations raise significant doubt (or raise substantial doubt as contemplated by PCAOB standards) regarding our ability to continue as a going concern; our potential inability to produce or launch aircraft in the volumes or timelines projected; the potential inability to obtain the necessary certifications for production and operation within any projected timeline, or at all; the inability for our aircraft to perform at the level we expect and may have potential defects; our history of losses and the expectation to incur significant expenses and continuing losses for the foreseeable future; the market for eVTOL aircraft being in a relatively early stage; any accidents or incidents involving eVTOL aircraft could harm our business; our dependence on partners and suppliers for the components in our aircraft and for operational needs; the potential that certain strategic partnerships may not materialize into long-term partnership arrangements; all of the pre-orders received are conditional and may be terminated at any time and any predelivery payments may be fully refundable upon certain specified dates; any circumstances; any potential failure to effectively manage our growth; our inability to recruit and retain senior management and other highly skilled personnel; we have previously identified material weaknesses in our internal controls over financial reporting which if we fail to properly remediate, could adversely affect our results of operations, investor confidence in us and the market price of our ordinary shares; as a foreign private issuer we follow certain home country corporate governance rules, are not subject to U.S. proxy rules and are subject to Exchange Act reporting obligations that, to some extent, are more lenient and less frequent than those of a U.S. domestic public company; and the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 14, 2024, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law. View source version on businesswire.com : https://www.businesswire.com/news/home/20241223436920/en/ CONTACT: Justin Bates, Head of Communications justin.bates@vertical-aerospace.com +44 7878 357 463 Samuel Emden, Head of Investor Affairs samuel.emden@vertical-aerospace.com +44 7816 459 904 KEYWORD: NEW YORK EUROPE UNITED STATES UNITED KINGDOM NORTH AMERICA INDUSTRY KEYWORD: ENGINEERING AIR TRANSPORT MANUFACTURING SOURCE: Vertical Aerospace Ltd. Copyright Business Wire 2024. PUB: 12/23/2024 04:37 PM/DISC: 12/23/2024 04:37 PM http://www.businesswire.com/news/home/20241223436920/en

WhatsApp will soon drop support for some older iPhone modelsNEW YORK — Technology stocks helped pull stocks lower on Wall Street Wednesday, handing the market its first loss in more than a week. The S&P 500 fell 0.4%, even though more stocks in the index notched gains than ended lower. The loss snapped a seven-day winning streak for the benchmark index. The Dow Jones Industrial Average fell 0.3%, its first loss after five gains. The Dow and S&P 500 remain near the all-time highs they set on Tuesday. The Nasdaq composite, which is heavily weighted with technology stocks, fell 0.6%. Losses for tech heavyweights like Nvidia, Microsoft and Broadcom were the drag on the market. Semiconductor giant Nvidia fell 1.2%. Its huge value gives it outsized influence on market indexes. Microsoft fell 1.2% and Broadcom finished 3.1% lower. Several personal computer makers also helped pull the market lower following their latest earnings reports. HP sank 11.4% after giving investors a weaker-than-expected earnings forecast for its current quarter. Dell slid 12.2% after its latest quarterly revenue fell short of Wall Street forecasts. Gains for financial and health care companies helped temper the market’s losses. Berkshire Hathaway rose 0.9% and Merck & Co. added 1.5%. All told, the S&P 500 fell 22.89 points to 5,998.74, while the Dow dropped 138.25 points to 44,722.06. The Nasdaq fell 115.10 points to 19,060.48. Traders also had their eye on new reports on the economy and inflation Wednesday. The U.S. economy expanded at a healthy 2.8% annual pace from July through September, according to the Commerce Department, leaving its original estimate of third-quarter growth unchanged. The growth was driven by strong consumer spending and a surge in exports. The update followed a report on Tuesday from the Conference Board that said confidence among U.S. consumers improved in November, but not by as much as economists expected. Consumers have been driving economic growth, but the latest round of earnings reports from retailers shows a mixed and more cautious picture. Department store operator Nordstrom fell 8.1% after warning investors about a trend toward weakening sales that started in late October. Clothing retailer Urban Outfitters jumped 18.3% after beating analysts’ third-quarter financial forecasts. Weeks earlier, retail giant Target gave investors a discouraging forecast for the holiday season, while Walmart provided a more encouraging forecast. Consumers, though resilient, are still facing pressure from inflation. The latest update from the U.S. government shows that inflation accelerated last month. The personal consumption expenditures index, or PCE, rose to 2.3% in October from 2.1% in September. Overall, the rate of inflation has been falling broadly since it peaked more than two years ago. The PCE, which is the Federal Reserve’s preferred measure of inflation, was just below 7.3% in June of 2022. Another measure of inflation, the consumer price index, peaked at 9.1% at the same time. The latest inflation data, though, is a sign that the rate of inflation seems to be stalling as it falls to within range of the Fed’s target of 2%. The central bank started raising its benchmark interest rate from near-zero in early 2022 to a two-decade high by the middle of 2023 and held it there in order to tame inflation. The Fed started cutting its benchmark interest rate in September, followed by a second cut in November. Wall Street expects a similar quarter-point cut at the central bank’s upcoming meeting in December. “Today’s data shouldn’t change views of the likely path for disinflation, however bumpy,” said David Alcaly, lead macroeconomic strategist at Lazard Asset Management. “But a lot of observers, probably including some at the Fed, are looking for reasons to get more hawkish on the outlook given the potential for inflationary policy change like new tariffs.” President-elect Donald Trump has said he plans to impose sweeping new tariffs on Mexico, Canada and China when he takes office in January. That could shock the economy by raising prices on a wide range of goods and accelerating the rate of inflation. Such a shift could prompt the Fed to rethink future cuts to interest rates. Treasury yields slipped in the bond market. The yield on the 10-year Treasury fell to 4.25% from 4.30% late Tuesday. The yield on the two-year Treasury, which more closely follows expected actions by the Fed, fell to 4.22% from 4.25% late Tuesday. U.S. markets will be closed Thursday for Thanksgiving, and will reopen for a half day on Friday. Troise and Veiga write for the Associated Press.IRVINE, Calif., Dec. 06, 2024 (GLOBE NEWSWIRE) -- Search Engine Optimization (SEO) has evolved into a powerful tool for businesses looking to establish and expand their online presence. At BrandRep, SEO strategies are tailored to connect companies with their target audience, driving growth, visibility, and engagement across industries. Combined with other professional digital marketing services , these efforts ensure a holistic approach to enhancing online performance. As digital landscapes become more competitive, companies in diverse sectors are discovering how effective SEO can reshape their brand narrative and foster deeper connections with customers. 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For more information, contact BrandRep at [email protected] .Aaron Rodgers reveals he has a new girlfriend in shock announcement on Pat McAfee show READ MORE: Rodgers drops retirement hint as scrutiny grows over Jets future By OLIVER SALT Published: 15:38 EST, 23 December 2024 | Updated: 17:26 EST, 23 December 2024 e-mail 40 shares 59 View comments Aaron Rodgers has dropped a huge bombshell on the Pat McAfee Show after revealing he has found love again. The New York Jets quarterback told McAfee and the rest of the crew that he has a new girlfriend named Brittani, though he did not go into any further details on who she is or how they met. Rodgers was discussing buying Christmas presents for loved ones when he casually dropped in that he is dating again. 'I was a little bit worried because there was one package left for my girlfriend Brittani that hadn't showed up yet, so I'd been waiting on this to show up,' he said on ESPN's daily sports talk show. 'It showed up today so everything is great now.' After laughing off a joke from a member of the crew that he's dating Britney Spears , Rodgers confirmed that his girlfriend's name is the version spelt with an 'i'. He revealed that his new love interest is not on any social-media channels after joking that she probably doesn't watch McAfee's show despite being a fan of the ESPN host. Aaron Rodgers revealed he has found love again on his latest Pat McAfee Show appearance "I used to enjoy a little outing to go do my Christmas shopping but I actually ordered all of it online this year.. I've been waiting on one last package to show up for my girlfriend and it showed up today" Congratulations @AaronRodgers12 👏 #PMSLive pic.twitter.com/hgJIVQbJHF — Pat McAfee (@PatMcAfeeShow) December 23, 2024 Rodgers' last relationship was with actress Shailene Woodley, with the pair splitting in 2022 He previously dated some other high-profile figures, including ex-racing driver Danica Patrick 'It's a good feeling, boys,' the four-time NFL MVP added as Pat and the boys teased him about being 'in love' again. 'Yes it is.' Rodgers' last public relationship was with actress Shailene Woodley , with the pair going their separate ways in 2022 after two years together. Prior to his romance with Woodley he dated some high-profile figures in former racing car driver Danica Patrick and another actress in Olivia Munn. In Netflix's new 'Enigma' docuseries chronicling his return from an Achilles injury last season, Rodgers admitted he regrets dating A-listers who exacerbated his media attention. 'I didn't do myself any favors with some of the girls I dated after that that were in the public eye,' the 41-year-old said. 'I definitely hated [fame] at first – like, really despised it. I enjoyed my private life. I enjoyed being able to go places. But from Super Bowl MVP, MVP, State Farm commercials, that got a little bit more difficult.' New York Jets Aaron Rodgers Shailene Woodley Share or comment on this article: Aaron Rodgers reveals he has a new girlfriend in shock announcement on Pat McAfee show e-mail 40 shares Add comment

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