New Late-Breaking Data Reinforce Benefits of Abbott’s TriClip™ for People With Leaky Tricuspid Heart Valve

PR Newswire

  • TRILUMINATE™ Pivotal data presented at the American College of Cardiology’s Annual Scientific Session (ACC.25) and simultaneously published in Circulation show the Abbott TriClip system reduces heart failure hospitalizations
  • The latest results highlight significant improvements in tricuspid regurgitation and quality of life through two years


ABBOTT PARK, Ill.
, March 31, 2025 /PRNewswire/ — Abbott (NYSE: ABT) today announced late-breaking data from its TRILUMINATE™ Pivotal trial that show the TriClip™ transcatheter edge-to-edge repair (TEER) system to treat tricuspid regurgitation (TR), or a leaky heart valve, offers substantial and sustained improvements in the severity of TR after two years. The results also demonstrate the TriClip device significantly reduced the rate of hospitalizations due to heart failure compared to medical therapy, while offering long-term quality-of-life benefits for patients.

TR can reduce the amount of blood being pumped through the body and force the heart to work harder than it should, causing debilitating symptoms such as fatigue and shortness of breath. When left untreated, TR can lead to atrial fibrillation, heart failure and, ultimately, death. For those who are not good candidates for surgery and continue to have symptoms or persistent TR despite treatment with medical therapy, TriClip represents a needed option that can improve a person’s quality-of-life and keep them out of the hospital.

The data were presented at the American College of Cardiology’s Annual Scientific Session (ACC.25) held in Chicago (March 29-31, 2025) and simultaneously published in Circulation.

Sustained Benefits for Patients With Severe Leaky Heart Valve
After two years, the TRILUMINATE Pivotal study found TriClip continued to demonstrate superiority compared to medical therapy while meeting the secondary endpoints of recurrent heart failure hospitalizations (HFH) and freedom from all-cause mortality, tricuspid valve surgery and tricuspid valve intervention. After the first year of the trial, patients in the control group (medical therapy) were allowed to cross over to receive TriClip therapy, and more than half (142 of 241 eligible patients) received TriClip.

Additional positive two-year findings from the TRILUMINATE Pivotal trial include:

  • Significant reduction in HFH. The rate of HFH was significantly lower in the treatment group compared to the control group (0.19 vs. 0.26 events/patient-year, p=0.02). Also, control patients who switched to TriClip treatment had a drop in HFH after receiving the device (0.5 vs. 0.35 events/patient-year).
  • Significant, sustained reduction in TR grade. Significant reduction in TR to moderate or less (grade ≤ 2) was achieved in 84% of patients with the device vs. 21% of patients in the control group. Similar improvements were seen in the control group patients who crossed over, with 81% of patients achieving moderate or less TR at 30 days after receiving TriClip compared to 3% prior to crossing over.
  • Significant, sustained improvement in quality of life. Patients who received TriClip achieved more than a 15-point improvement on average in the Kansas City Cardiomyopathy Questionnaire (KCCQ) score (a self-assessment of social abilities, symptoms and quality of life) throughout follow-up. Patients in the crossover group achieved similar improvements in KCCQ score (+13 points on average) once implanted with TriClip.

“With the TRILUMINATE Pivotal two-year results, tricuspid transcatheter edge-to-edge repair with the TriClip device for severe, symptomatic tricuspid regurgitation reduced heart failure hospitalizations compared to the control group. Improvements in tricuspid regurgitation severity and quality of life were sustained through two years,” said Saibal Kar, M.D., Los Robles Regional Medical Center in Thousand Oaks, California. “When we combine this with the consistent quality-of-life improvements people who receive the TriClip system experience, it’s clear that the benefits for patients with TR are very meaningful and TriClip offers a safe, effective and sustainable way to repair the tricuspid valve.”

“These new data reinforce the critical role TriClip plays in helping people with tricuspid regurgitation live the life they want while reducing the risk of hospitalization,” said Sandra Lesenfants, senior vice president of Abbott’s structural heart business. “Patients battling TR face serious challenges, including increased risk of heart failure, as a result of this debilitating condition. Unfortunately, many are not eligible for open-heart surgery and had limited treatment options prior to the approval of TriClip, a significant advancement that allows patients to reclaim their lives.”

About the Abbott TRILUMINATE Pivotal Trial
The TRILUMINATE Pivotal trial is the first randomized, controlled clinical study to evaluate the safety and effectiveness of transcatheter repair with the TriClip system compared to medical therapy alone in people with severe TR. The primary endpoint was a composite of all-cause mortality or tricuspid valve surgery, heart failure hospitalizations, and quality-of-life improvement measured by the KCCQ score.  

TriClip is approved for use in more than 50 countries, including in the U.S., Europe and Canada.

For U.S. important safety information on TriClip, visit https://abbo.tt/TriClip_ISI

About Abbott
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.

Connect with us at www.abbott.com and on LinkedIn, Facebook, Instagram, X and YouTube

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SOURCE Abbott

Marvell Advances Interconnect Portfolio for Scale-up and Scale-out Fabrics at OFC 2025

PR Newswire

Comprehensive Technology and Strong Ecosystem Support Delivering Higher Performance, Customization and Flexibility for Rack-, Row- and Cloud-scale AI Networks


SANTA CLARA, Calif.
, March 31, 2025 /PRNewswire/ — Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced it will showcase its interconnect portfolio for scale-up and scale-out AI deployments at OFC 2025, taking place March 31–April 3 in San Francisco, CA. Marvell will share its strategy and vision through multiple presentations and demonstrations in its booth #2129 and partner booths.

Interconnect technology—the semiconductors, software and system that serve as a nervous system for reliably and rapidly transmitting data across accelerated infrastructure—is in the midst of a revolution. The rapid buildout of data infrastructure worldwide is expected to more than triple the market for interconnect chipsets to $11.5 billion by 2030, according to LightCounting. Additionally, interconnect technology will undergo a fundamental transformation, advancing to support higher speeds, extended distances, reduced latencies and increased data traffic volumes essential for training, inference and other AI and cloud services in the coming years.

For scale-up fabrics in racks and rows, co-packaged optics (CPO), linear packaged optics (LPO), co-packaged copper (CPC), active electrical cable (AEC) and PCIe retimer interconnect technologies will pave the way for row-scale computing systems containing hundreds of XPUs and CPUs several meters apart spread over multiple racks that can outperform today’s systems in performance-per-watt and time-to-completion. New scale-out networking technologies such as 400G/lane networking and coherent-lite DSPs will greatly increase the carrying capacity of networks while extending the reach of links from meters to kilometers for more powerful, versatile cloud-scale infrastructure.

Products, technology and ecosystem initiatives Marvell will showcase at OFC 2025 include:

  • 400G PAM4 Technology. A live demonstration of the industry’s first 400G/lane technology with a complete electrical to optical link operating at 224 Gbaud. 400G is a critical step towards 3.2T optical interconnects and 204.8T switches.
  • Co-Packaged Platforms for AI Scale Up and Scale Out. Marvell to showcase its CPO and CPC technologies for achieving higher interconnect densities and longer reach. Marvell will showcase system-level XPU and switch implementations supporting rapid servicing and ease of manufacture.
  • 1.6T Silicon Photonics Light Engine for Scale-up Networks. Marvell will show its new 1.6T silicon photonics light engine integrated into a 1.6T LPO reference design module operating at 200G/lane.
  • 200G/Lambda 1.6T PAM4 Optical Interconnect for AI Scale Out
    . Marvell will demonstrate Ara, the industry’s first 3nm 1.6T PAM4 interconnect platform featuring 200 Gbps electrical and optical interfaces.
  • 800G ZR/ZR+ Pluggable Optics for Multi-Site AI Training. A live demonstration of COLORZ® 800 pluggable DCI module operating in several modes, including 800G ZR and 800G ZR+ with probabilistic constellation shaping, allowing for 800 Gbps transmission over distances of up to 1,000km.
  • 200G/Lane 1.6T AEC for AI Scale Up and Scale Out. A live demonstration showing production-ready Alaska® A AEC DSPs operating at 8 x 200G delivering 1.6T total bandwidth for multi-rack scale-up systems. In addition, multiple partners will showcase in their booths Alaska A 1.6T AEC DSPs for emerging 200G/lane-based accelerated infrastructure and Alaska A 800G AEC DSPs that deliver connectivity for up to seven meters.
  • PCIe Gen 6 and PCIe Gen 7 SerDes End-to-End Over Optics. A hands-on demonstration of an Alaska P PCIe Gen 6 retimer driving PCIe signals between the root complex and end point over an optical fiber, using a 100G per lane LPO module supplied by TeraHop. Second technology demonstration highlights the performance of a 128G SerDes circuit designed for integration into future PCIe Gen 7 retimer devices using a TeraHop 200G per lane LPO module.
  • 51.2T Scale-out Fabric: Showcasing the switching and interconnect capabilities of its accelerated infrastructure portfolio for AI clusters, this demonstration utilizes CPU-powered servers as compute elements to show data traffic traversing a model AI cluster. The demonstration includes RDMA-enabled network interface cards, copper and optical interconnects, including 7m active electrical cables, and SONiC-enabled switches representing both frontend top-of-rack, middle-of-row, end-of-row leaf and spine applications and backend switch fabrics.

Marvell Presentations and Panels at OFC 2025
Throughout the conference, Marvell executives and technical experts will participate in key presentations, panels and workshops, discussing critical industry topics. The full agenda is available at https://www.marvell.com/company/events/ofc-2025.html.

About Marvell
To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for over 25 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud, automotive, and carrier architectures transform—for the better.

Marvell and the M logo are trademarks of Marvell or its affiliates. Please visit www.marvell.com for a complete list of Marvell trademarks. Other names and brands may be claimed as the property of others.

This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events, results or achievements. Actual events, results or achievements may differ materially from those contemplated in this press release. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict, including those described in the “Risk Factors” section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and no person assumes any obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

For further information, contact:


[email protected]

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SOURCE Marvell

Marvell Demonstrates Silicon Photonics Light Engine for Low-power, Rack-scale Interconnect in AI Networks

PR Newswire

  • Highly integrated optical engine enables lower power and reduced latency for high-bandwidth LPO and on-board optics
  • 1.6T light engine contains linear driver, TIA, and silicon photonics chip supporting 200 Gbps per lane, with embedded microcontroller and firmware in a single package
  • Demonstrated at OFC 2025 in a 1.6T OSFP LPO module, 1.6T light engine simplifies system integration and accelerates time to market for rack-scale AI server deployments


SANTA CLARA, Calif.
, March 31, 2025 /PRNewswire/ — Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, will demonstrate at OFC 2025 its 1.6T silicon photonics light engine integrated into a linear-drive pluggable optics (LPO) module. The new product is the second in the Marvell® light engine family, which also includes the 6.4T light engine for co-packaged optics (CPO) demonstrated at OFC 2024. Designed to address next-generation AI scale-up network requirements, the 1.6T light engine supports eight channels of 200 Gbps PAM4 optical interconnect with standards-based signaling (1.6T DR8). With low power and a highly integrated implementation, the engine can be used in LPO modules or integrated directly in-system to help overcome the reach limitations of passive copper interconnects for mid-density rack-scale connectivity. By providing a single-package engine and validated reference design, Marvell offers its ecosystem partners a rapid path to LPO module commercialization. The 1.6T light engine further serves as a foundation for CPO system development with hyperscale customers.

For 1.6T pluggable applications, the light engine provides flexibility and accelerated time-to-market for both ecosystem module vendors and hyperscalers. As AI scale-up domains increase in size from rack-scale to row-scale, the scale-up fabric will transition from passive copper interconnects to customized and optimized optics. Even at rack-scale, for moderate compute-density racks, LPO at 200G per lane can serve as an alternative to passive copper, offering low power, low latency and longer reach than copper. Prior to the introduction of XPUs with integrated CPO, LPO modules and on-board optics can address row-scale reach requirements at 200 Gbps-per-lane rates.

The new light engine is a quarter-scale implementation of the 6.4T light engine. Like its predecessor, the 1.6T light engine is a highly integrated device featuring 200G electrical and optical interfaces. It consumes less than 5 picojoules per bit (pJ/bit), including laser power, measured under typical operating conditions. The 1.6T light engine consolidates hundreds of components such as modulators, photodetectors, modulator drivers, transimpedance amplifiers (TIAs), microcontrollers, and a host of other passive components in a single package optimized for use in pluggables such as LPO modules, transmitter-retimed optics and fully retimed optics modules.

“Marvell is advancing power-efficient AI scale up with its 1.6T light engine, delivering deployment-ready solutions for module vendors and hyperscalers,” said Josef Berger, associate vice president marketing, Cloud Platforms at Marvell. “As the long-term transition from copper to optics in the scale-up domain unfolds, Marvell is well-positioned to co-develop the custom CPO systems that will be needed for high-density, row-scale scale-up domains.”

“Demand for 1.6T optics is strong, but power consumption remains a challenge,” said Vlad Kozlov, CEO and Chief Analyst at LightCounting. “Linear drive pluggables offer a lower power option for customers to consider and completes Marvell’s product portfolio for 1.6T interconnects.”

Availability
The 1.6T light engine is sampling to select customers.

About Marvell
To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for over 25 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud, automotive, and carrier architectures transform—for the better.

Marvell and the M logo are trademarks of Marvell or its affiliates. Please visit www.marvell.com for a complete list of Marvell trademarks. Other names and brands may be claimed as the property of others.

This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events, results or achievements. Actual events, results or achievements may differ materially from those contemplated in this press release. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict, including those described in the “Risk Factors” section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and no person assumes any obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

For further information, contact:

[email protected]

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SOURCE Marvell

Marvell to Demonstrate Industry’s First 400G/lane PAM4 Electrical-to-Optical Link Technology at OFC 2025

PR Newswire


Marvell
® 400G Technology is an Industry Breakthrough Enabling a New Generation of PAM4 Network Connectivity


SANTA CLARA, Calif.
, March 31, 2025 /PRNewswire/ — Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, will demonstrate the industry’s first 400G/lane technology with complete electrical to optical link operating at 224 Gbaud at OFC 2025 taking place March 30-April 3, 2025 in San Francisco, CA. This technology was once considered impossible, but Marvell has now proven it in real silicon.

Marvell is also working with leading optical and switch companies to cultivate an ecosystem to develop products based on 400G/lane technology for AI and general-purpose cloud architectures. Marvell (booth #2129), Lumentum (booth #2119) and TeraHop (booth #2429) will showcase live demonstrations of the 400G technology for both optical and electrical applications at the conference. The demonstrations include PAM4 DSP, transimpedance amplifiers, modulator drivers, and photonics technologies developed for serial 400G/lane speed with PAM4 modulation.

400G/lane technology will enable cloud data centers to significantly increase bandwidth capacity across their infrastructure, maximize output, enhance the efficiency of future data centers and shorten the time required for AI training and other complex tasks. 400G/lane technology represents a 4x increase over the mainstream 100G/lane infrastructure in cloud and AI data centers today and a 2x increase over the 200G/lane infrastructure being deployed in the industry this year.

“Pluggable transceiver modules will remain the dominant solution for optical connectivity in data centers and other infrastructure through 2030,” said Dr. Lee Xu, Executive Vice President and General Manager, Datacom Business Unit at Coherent. “Our collaboration with Marvell and the rest of the ecosystem will help ensure that our customers will have the fabric technology they need to deliver on the promise of AI.” 

“This demonstration clearly illustrates how Lumentum and Marvell are driving industry leadership and readiness in 400G per lane technology,” said Matt Sysak, CTO of Cloud and Networking at Lumentum. “The next generation of 3.2T transceivers required for AI/ML and cloud infrastructure scale-out will benefit significantly from Lumentum’s advanced high-speed InP technology, enabling unmatched performance and volume scalability.”

“Networking takes an ecosystem. Through efforts like this, we can lay a foundation for the AI economy and continue to expand the opportunity for optics in infrastructure,” said Osa Mok, Chief Marketing Officer, Terahop PTE Ltd. 

Marvell has a long history of innovation in PAM4 connectivity, being the first to demonstrate proven 100G/lane and 200G/lane, and now 400G/lane PAM4 connectivity, ushering in an entirely new generation of network connectivity for the future,” said Xi Wang, vice president and general manager, Connectivity Business Unit at Marvell. “We’re excited to be working with leading partners like Coherent, Lumentum, and TeraHop to forge a roadmap for the next chapter in networking.”

About Marvell

To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for over 25 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud, automotive, and carrier architectures transform—for the better.

Marvell and the M logo are trademarks of Marvell or its affiliates. Please visit www.marvell.com for a complete list of Marvell trademarks. Other names and brands may be claimed as the property of others.

This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events, results or achievements. Actual events, results or achievements may differ materially from those contemplated in this press release. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict, including those described in the “Risk Factors” section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and no person assumes any obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

For further information, contact:


[email protected]

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SOURCE Marvell

Mercantile Bank Corporation Announces First Quarter 2025 Results Conference Call and Webcast

PR Newswire


GRAND RAPIDS, Mich.
, March 31, 2025 /PRNewswire/ — Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m. ET on Tuesday, April 22, 2025, to discuss first quarter 2025 financial results.

The Company’s first quarter 2025 earnings release will be released before markets open on Tuesday, April 22, 2025, and available in the “Investor Relations” section of the Company’s website, ir.mercbank.com.

Participants may access the live conference call on April 22, 2025, at 10 a.m. ET (9 a.m. CT) by dialing 1-844-868-8844 and requesting the “Mercantile Bank Corporation Call.” Please dial in approximately 10 minutes prior to the call. The conference call will also be webcast live at ir.mercbank.com. An audio archive will be available on the Mercantile Investor Relations website following the call.

About Mercantile Bank Corporation
Based in Grand Rapids, Michigan, Mercantile Bank Corporation is the bank holding company for Mercantile Bank. Mercantile provides financial products and services in a professional and personalized manner designed to make banking easier for businesses, individuals, and governmental units. Distinguished by exceptional service, knowledgeable staff, and a commitment to the communities it serves, Mercantile is one of the largest Michigan-based banks with assets of approximately $6.0 billion. Mercantile Bank Corporation’s common stock is listed on the NASDAQ Global Select Market under the symbol “MBWM.”  For more information about Mercantile, visit www.mercbank.com, and follow us on Facebook, Instagram, X (formerly Twitter) @MercBank, and LinkedIn @merc-bank.

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SOURCE Mercantile Bank Corporation

In a Landmark Decision, Mullen Defeats Defendants’ Motion to Dismiss in Its Entirety, Allowing the Federal Spoofing Lawsuit to Combat Artificially Deflated Stock Prices to Proceed


In a significant victory for Mullen and other emerging companies who have alleged losses due to stock manipulation, a federal judge denied IMC, Clear Street, and UBS’s motion to dismiss the lawsuit, finding Mullen’s claims were adequately pled.  The litigation will now move forward into full discovery


In the Federal Court’s decision, received after the close of trading on March 28, 2025, Mullen won on all contested issues

BREA, Calif., March 31, 2025 (GLOBE NEWSWIRE) — via IBN — Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, successfully overcame a motion to dismiss brought by defendants IMC Financial Markets, Clear Street Markets LLC,  UBS Securities, LLC and Does 1-10 (“Defendants”).

In the lawsuit, which is pending in the United States District Court for the Southern District of New York, Mullen alleges that between November 5, 2021 and November 15, 2023, Defendants used high-frequency algorithmic trading to manipulate and spoof Mullen shares in violation of Section 10(b), Rule 10b-5(a) and (c), and Section 9(a) of the Securities Exchange Act of 1934, and New York common law fraud. 

FINRA has characterized spoofing as an insidious form of market manipulation that undermines the transparency and integrity of the markets by distorting the true nature of supply and demand. Spoofing involves the submission and cancellation of non-bona fide buy and sell orders that have no legitimate economic purpose and are not intended to be executed. With “Baiting Orders,” for example, Defendants allegedly placed sell orders meant to create a false signal that Mullen’s share price was trending downward, tricking other market participants into entering their own orders to sell. The spoofers then executed buy orders—now at artificially low prices—and promptly canceled their Baiting Orders.

In rejecting Defendants’ motion to dismiss, the Court held, among other things, that Mullen had “identif[ied] a number of actions that differentiate the Defendants from typical market participants. Defendants placed far more orders for sell-side shares that were subsequently canceled and then purchased far more shares at depressed prices following spoofing episodes[.]” In particular, “Defendants placed and then cancelled a high volume of Baiting Orders within seconds and even milliseconds, repeating this pattern thousands of times, often with multiple episodes per trading day.” In turn, the Court determined that Mullen’s complaint “outlines Defendants’ efforts to artificially depress the price of Mullen securities and the subsequent effects on the market.”

“We are pleased with the Court’s decision and look forward to continuing our fight to protect our company and our shareholders,” said David Michery, CEO and chairman of Mullen Automotive.

Stephen W. Tountas, the lead lawyer for plaintiffs, added that “we look forward to commencing discovery to expose Defendants’ pervasive and manipulative trading practices, which have significantly harmed both Mullen and its shareholders.” 

The case is captioned, Mullen Automotive, Inc. et al v. Clear Street Markets LLC et al, No. 1:23-cv-10637 (S.D.N.Y.).

About Kasowitz Benson Torres LLP

Kasowitz is a leading national litigation law firm. The firm focuses on complex commercial, corporate and securities litigation, and represents clients on a wide range of matters, from class action litigations to privately negotiated resolutions of complicated disputes. 

This Mullen team is being led by Kasowitz partners Stephen W. Tountas and Andrew L. Schwartz

About Mullen

Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with two United States-based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board (“CARB”) and EPA certified and available for sale in the U.S. The Company’s commercial dealer network consists of seven dealers, which includes Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, New England, and Mid-Atlantic markets.

In September 2022, Bollinger Motors, of Oak Park, Michigan, became a majority-owned EV truck company of Mullen Automotive. Bollinger Motors has passed numerous milestones including its B4, Class 4 electric truck production launch on Sept. 16, 2024, and the development of a world-class dealer and service network with over 50 locations across the United States.  

To learn more about the Company, visit www.MullenUSA.com.

Forward-Looking Statements

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to the eventual outcome of the referenced lawsuit. Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen’s ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

Contact:

Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com

Corporate Communications:

IBN
Austin, TX
www.InvestorBrandNetwork.com
512.354.7000 Office
[email protected]



Powered by 5th Gen AMD EPYC CPUs, Oracle Cloud Infrastructure Compute E6 Shapes Deliver Breakthrough Cloud Performance and Efficiency

— Leading cloud services providers expand their adoption of EPYC CPUs to meet growing public cloud demand —

SANTA CLARA, Calif., March 31, 2025 (GLOBE NEWSWIRE) — Today, AMD (NASDAQ: AMD) announced 5th Gen AMD EPYC™ processors power the Oracle Cloud Infrastructure (OCI) Compute E6 Standard shapes. 5th Gen AMD EPYC processors, the world’s best server CPUs for enterprise, AI and cloud1, enable OCI Compute E6 shapes to deliver up to a 2X increase in cost to performance, compared to the previous E5 instance generation based on testing by OCI2.

The new OCI Compute E6 shapes build on the success of the previous E5 generation to deliver leadership performance and cost efficiency for general-purpose and compute-intensive workloads. These OCI shapes add to the selection of more than a thousand compute instances powered by AMD EPYC processors across all major cloud service providers.

“The rapid adoption of AMD EPYC processors in the cloud underscores our ability to deliver innovative, high-performance solutions that enable our partners to create highly competitive cloud offerings,” said Dan McNamara, senior vice president and general manager, Server Business, AMD. “The combination of OCI’s flexible infrastructure and the performance of 5th Gen AMD EPYC processors helps customers accelerate their most demanding workloads while optimizing their cloud infrastructure.”

“Oracle Cloud Infrastructure is committed to providing our customers with the best-performing, most cost-effective cloud offerings,” said Donald Lu, senior vice president, software development, Oracle Cloud Infrastructure. “With the new OCI Compute E6 Standard shapes powered by AMD EPYC processors, we are delivering an unparalleled combination of compute power, scalability, and efficiency that meets the demands of today’s most complex workloads.”

Availability and Customer Adoption

OCI Compute E6 Standard bare metal instances and virtual machines are available today in multiple regions, including US East (Ashburn), US West (Phoenix), US Midwest (Chicago), Germany Central (Frankfurt), and UK South (London), with a rollout planned for additional regions in the coming months.

Supporting Resources

About AMD

For more than 50 years AMD has driven innovation in high-performance computing, graphics, and visualization technologies. Billions of people, leading Fortune 500 businesses, and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work, and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) websiteblogLinkedIn, and Twitter pages.

AMD, the AMD Arrow logo, EPYC and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

_____________________________

1 EPYC-029D: Comparison based on thread density, performance, features, process technology and built-in security features of currently shipping servers as of 10/10/2024. EPYC 9005 series CPUs offer the highest thread density, leads the industry with 500+ performance world records including world record enterprise leadership Java® ops/sec performance, top HPC leadership with floating-point throughput performance, AI end-to-end performance with TPCx-AI performance and highest energy efficiency scores. Compared to 5th Gen Xeon, the 5th Gen EPYC series also has more DDR5 memory channels with more memory bandwidth and supports more PCIe® Gen5 lanes for I/O throughput, and has up to 5x the L3 cache/core for faster data access. The EPYC 9005 series uses advanced 3-4nm technology, and offers Secure Memory Encryption + Secure Encrypted Virtualization (SEV) + SEV Encrypted State + SEV-Secure Nested Paging security features. For additional details, see https://www.amd.com/en/legal/claims/epyc.html#q=epyc5#EPYC-029D

2 OCI launches high-performance E6 Standard compute instances powered by AMD: Comparative workload performance per core cost analysis for E5 and E6 shapes – https://blogs.oracle.com/cloud-infrastructure/post/oci-launches-highperformance-e6-standard-compute-instances-powered-by-amd



Media Contacts:
Aaron Grabein
AMD Communications
+1 512-602-8950
[email protected]

Liz Stine
AMD Investor Relations
(720) 652-3965
[email protected]

A Survey by Spruce Reveals Social Media’s Growing Influence on Gen Z’s Financial Decisions, Highlighting a Generational Divide in Learning about Money

New findings show 68% of Gen Z are influenced by social media finance trends

KANSAS CITY, Mo., March 31, 2025 (GLOBE NEWSWIRE) — Designated as National Financial Literacy Month, April is intended to raise awareness about the importance of financial education and to encourage healthy financial habits. Yet, a survey conducted by Spruce, the mobile banking app built by H&R Block1, 2, reveals many may be relying on platforms where virality is valued over validity. The findings underscore the growing role of digital content in shaping financial habits and the pressing need for reliable, accessible financial education in today’s technology-driven landscape.

The survey highlights a generational shift in financial education, with younger consumers, particularly Gen Z, increasingly turning to social media for financial tips and education, while older generations more heavily rely on traditional sources like family and banking institutions. The survey also revealed the impact of social media on their financial choices and their confidence in managing money. Despite the digital media shift, financial tools and apps remain essential across all generations.

“With nearly 70% of Gen Z influenced by financial trends on social media, it’s clear they are open to improving their financial knowledge, but it’s also imperative they have the capacity to discern fact from fiction, which is obviously difficult,” said John Thompson, Vice President, Spruce. “This Financial Literacy Month, we want to empower individuals to take control of their finances by offering a safe and accessible space to manage their money with Spruce as they learn, plan, and build a secure financial future.”

Financial Education Pivots from Tradition to Trends

The survey data paints a clear picture: traditional sources of financial education are being supplemented—and in some cases, supplanted—by newer sources, often on platforms where the origin or the validity of the guidance may not be clear.

Parents and banking institutions remain the most common sources of financial education. While the landscape is evolving, key findings highlight a critical gap in formal education:

  • 31% of respondents cite family members as the main source for financial guidance
  • 29% of respondents turn first to banks
  • only 13% of respondents reported learning about personal finance in school, highlighting a critical gap in financial literacy programs.

Social media, however, has become an increasingly popular source of financial information, particularly among younger generations, with 16% of all respondents looking to social media for financial education.

  • Gen Z leads the charge as 33% note that they look to social media for financial education
  • Millennials follow closely behind at 23%

Viral Tips on Social Sway Financial Behaviors

The survey also explored the impact of social media trends on financial behavior, examining the influence of viral concepts, which includes ideas like soft saving, loud budgeting, cash stuffing, and doom spending on consumer choices.

These viral trends have proven to play a significant role in shaping financial behaviors, with 37% of respondents admitting they have been swayed by social media and tried a finance trend they discovered online.

  • The influence of these trends varies dramatically across generations, with Gen Z impacted the most at 68%
  • 51% of Millennials and 27% of Gen X cite being inspired to try social media finance trends
  • While not as likely as other generations, 12% of Boomers still noted being influenced to partake in a financial trend

Among the platforms driving this shift, TikTok (39%) and Instagram (34%) are the most popular sources of financial information for Gen Z, followed by Facebook (23%) and even podcasts (17%). These findings highlight the growing impact of digital content on personal finance decisions, particularly among younger generations.

Digital Tools Bolster Financial Management

Online financial tools and apps have become essential for money management, with Millennials and Gen Z being the most likely to utilize them for everyday matters such as keeping track of a budget, planning for the future or establishing savings. Credit score monitoring emerged as the most common use case among respondents (38%). Budgeting was cited as a key priority, with 29% of respondents using financial tools or apps to track their expenses.

However, reliance on digital financial tools extends beyond convenience—confidence in making major financial decisions is bolstered by the use of online tools or apps. From our findings, 66% of Gen Z share that they are not confident or only somewhat confident in making large decisions without digital assistance. These findings highlight the increasing role of technology in empowering individuals across all generations to manage their finances with greater confidence and ease.   Furthermore, many of the traditional rules-of-thumb for financial management are becoming out of reach, and tools to support decision-making become even more critical when thinking through more nuanced choices in a more complicated financial world.

With 70% of American households working to become “financially healthy,”3 selecting the right resources that promote sound financial practices is essential. According to John Thompson for many people this can start with selecting a mobile banking solution with no sign-up fees, no minimum balance requirements, and no monthly fees, while also offering features, such as the Watchlist budget tracker and multiple saving goals, that can aid in financial planning and management.

“We purposefully designed Spruce to remove barriers to accessing useful banking tools, such as the ability to customize saving goals, earn high-yield interest and provide access to innovative tools and features that can help improve financial wellness such as the ability to set spending guardrails, jumpstart savings with a tax refund allocation, and view credit score insights4 at any time,” said Thompson. “By opting into savings with 3.50% APY,5 you can build your savings faster than at the national average rate6.”

To learn more about Spruce’s saving, budgeting, spending, and other financial-planning features, and how you can make your money go further, visit sprucemoney.com. To take advantage of the many secure and innovative tools offered through Spruce, sign up here. To get access to financial articles vetted by experts, head over to sprucemoney.com/resource-center/news/.


1

Spruce fintech platform is built by H&R Block, which is not a bank. Spruce℠ Spending and Savings Accounts established at, and debit card issued by, Pathward

®

, N.A., Member FDIC, pursuant to license by Mastercard

®

. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

2
Research
conducted with Morning Consult via online research on the omnibus fielded in March 2025 among a national sample of 2,200 adults. All data are weighted to their respective representative sample on age, ethnicity/race, education, and region based on in-market available data (such as the U.S. Census). Results from the full survey have a margin of error of +/- 2 percentage points.


3

Research conducted by the Financial Health Network
:

Financial Health Pulse® 2024 U.S. Trends Report

.


4

Credit score is FICO® Score 8 based on Experian data. Your lender or insurer may use a different FICO Score than FICO Score 8, or another type of credit score altogether. FICO® is a trademark of Fair Isaac Corporation. This is a separate service from your Spruce Spending and Savings accounts, provided by Pathward

®

, N.A., Member FDIC.


5

The Annual Percentage Yield (APY) is accurate as of 0
4
/
02
/2025. This rate is variable and can change without notice. Fees may reduce earnings.
To start earning interest on your Spruce Savings Account, simply opt in through the Spruce app or at sprucemoney.com.


6

Based on FDIC average national savings rate as of
04/02/2025.

About H&R Block

H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation servicesfinancial products, and small-business solutions. The company blends digital innovation with human expertise and care as it helps people get the best outcome at tax time and also be better with money using its mobile banking app, Spruce. Through Block Advisors and Wave, the company helps small-business owners thrive with year-round bookkeeping, payroll, advisory, and payment processing solutions. For more information, visit H&R Block News.   

About Spruce

Spruce helps you stay in control of your money through spending and savings accounts backed by technology that provides budgeting tools, automatic saving options, and financial insights that help you be good with money. To learn more, see sprucemoney.com/features.

About Pathward

®


Pathward®, N.A., a national bank, is a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH). Pathward is a U.S.-based financial empowerment company driven by its purpose to power financial inclusion. Pathward strives to increase financial availability, choice and opportunity across our Partner Solutions and Commercial Finance business lines. The strategic business lines provide support to individuals and businesses. Learn more at Pathward.com.

H&R Block Contacts: 
Media Relations: Susan Fish, (816) 399-7280, [email protected]
  Media Desk: [email protected]



Twin Hospitality Group Announces Leadership Transition

Ken Kuick Named Interim Chief Executive Officer 

DALLAS, March 31, 2025 (GLOBE NEWSWIRE) —

Twin Hospitality Group Inc.
(Nasdaq: TWNP), the parent company of Twin Peaks Restaurant, today announces the resignation of Joe Hummel, Chief Executive Officer, and Clay Mingus, Chief Legal Officer, who are pursuing other opportunities. The date of their departures will be effective April 10, 2025. Ken Kuick, Chief Financial Officer, has been appointed Interim Chief Executive Officer and Allen Sussman, General Counsel of FAT Brands Inc., has been appointed Interim Chief Legal Officer.

“We would like to thank Joe and Clay for all that they have done for Twin Peaks over the last 14 years,” said Ken Kuick,” CFO of Twin Hospitality Group. “Starting on the franchisee side of Twin Peaks together and then taking on leadership roles at Twin Peaks and now Twin Hospitality Group, they helped pave the way for the IPO.”

Kuick continued, “We will carry the torch forward, having already opened two new lodges in 2025 and targeting approximately seven to nine additional units this year, while building on our robust over 100-unit development pipeline.”

“It has been an incredible journey with Twin Peaks—one filled with growth milestones, an IPO and the most dedicated team out there,” said Joe Hummel, CEO of Twin Hospitality Group. “While the time has come to begin a new chapter in my career, I look forward to continuing to watch Twin Peaks stand in a category of its own, providing an unmatched sports lodge experience.”

Twin Hospitality Group Inc.

Twin Hospitality Group Inc. is a restaurant company that strategically develops and operates specialty casual dining restaurant concepts with a goal to redefine the casual dining category with its experiential driven brands. For more information, visit https://ir.twinpeaksrestaurant.com/.

About Twin Peaks

Founded in 2005 in the Dallas suburb of Lewisville, Twin Peaks has 116 locations in the U.S. and Mexico. Twin Peaks is the ultimate sports lodge featuring made-from-scratch food and the coldest beer in the business, surrounded by scenic views and wall-to-wall TVs. At every Twin Peaks, guests are immediately welcomed by a friendly Twin Peaks Girl and served up a menu made for MVPs. From its smashed and seared-to-order burgers to its in-house smoked brisket and wings, guests can expect menu items that satisfy every appetite. To learn more about franchise opportunities, visit twinpeaksfranchise.com. For more information, visit twinpeaksrestaurant.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the timing and performance of new store openings. Forward-looking statements reflect the expectations of management concerning the future and are subject to significant business, economic and competitive risks, uncertainties, and contingencies. These factors are difficult to predict and beyond our control and could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. We refer you to the documents that are filed from time to time by Twin Hospitality Group Inc. with the Securities and Exchange Commission, such as its Registration Statement on Form 10 and reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other factors. We undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release.

Investor Relations:

ICR
Michelle Michalski
[email protected]

Media Relations:

Destinee Rollins
[email protected]
972-342-5902

# # #



FAT Brands Celebrates 10th Co-Brand/Tri-Brand to Date with New Round Table Pizza and Marble Slab Creamery Pairing

Beloved Pizza Chain Mixes in Sister Ice Cream Brand at Oakland, CA Location

LOS ANGELES, March 31, 2025 (GLOBE NEWSWIRE) —
FAT (Fresh. Authentic. Tasty.) Brands Inc. announces the debut of the first Round Table Pizza and Marble Slab Creamery in Oakland, CA. Located at 5095 Telegraph Ave, Oakland, CA 94610, the restaurant seamlessly blends the sweet treat brand into the existing Round Table Pizza location, offering homemade Ice Cream with free Mix-Ins and Shakes in a variety of flavors. This marks FAT Brands’ 10th co-brand/tri-brand pairing to date.

“Co-branding continues to be a key growth pillar of FAT Brands,” said David Pear, President of Round Table Pizza. “The new Round Table Pizza and Marble Slab Creamery co-brand is a testament to this and our commitment to creating the ultimate guest experience with food combinations that are complementary to one another—the velvety sweetness of Marble Slab’s ice cream and the refreshing contrast of the rich, cheesy goodness of a Round Table Pizza.”

Since its founding in 1959, Round Table Pizza has been recognized as “Pizza Royalty” for its dedication to using gold-standard ingredients like high-quality meats and the brand’s signature three cheese blend. Each pizza is hand-crafted with legendary toppings layered to the edge of Round Table’s perfectly baked crust.

For over 40 years, Marble Slab Creamery has been an innovator in the ice cream space, dreaming up the frozen slab technique and offering homemade, small-batch Ice Cream with free Mix-Ins.

For more information on Round Table Pizza, visit www.roundtablepizza.com. For more information on Marble Slab Creamery, visit www.marbleslab.com.


About FAT (Fresh. Authentic. Tasty.) Brands

FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 18 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Smokey Bones, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises and owns over 2,300 units worldwide. For more information on FAT Brands, please visit fatbrands.com.


About Round Table Pizza

Inspired by the honor, valor, and revelry of the Knights of the Round Table, Round Table Pizza’s® superior pizza and commitment to quality and authenticity have earned the reputation of “Pizza Royalty” for over 60 years. With approximately 400 restaurants across the United States, Round Table celebrates community, family, and making merry. For more information, visit www.roundtablepizza.com.


About Marble Slab Creamery

Since dreaming up the frozen slab technique and serving fresh homemade, small-batch Ice Cream in-store since 1983, Marble Slab Creamery has always known how to dream big. We sprinkle our customers with imagination and promise to inspire with infinite ice cream possibilities to feed your curiosity and capture cravings. With our free unlimited Mix-in philosophy, delicious Ice Cream and Shakes in a variety of flavors, hand-rolled waffle cones, and Ice Cream Cakes, imagination has no limits. Today, Marble Slab Creamery is enjoyed by consumers across the globe with locations in Bahrain, Canada, Kuwait, Saudi Arabia, Puerto Rico, and the United States. For more information, visit www.marbleslab.com.

MEDIA C
ONTACT
:

Erin Mandzik, FAT Brands
[email protected] 
860-212-6509