NEW YORK, Oct. 24, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Kristen Scholer delivers the pre-market update on October 24th

• Stocks are looking to finish the week with gains as corporate earnings continue to exceed expectations. As of Thursday’s close, the S&P is up 1.1% while the DOW is up by 1.2%.
• Inflation data is out this morning. Economists anticipated that consumer prices rose 0.4% in September and 3.1% last month from a year ago.
• The Consumer Price Index will be the last economic data point for the Federal Reserve to consider before its decision on interest rates next week. Traders anticipate rate cuts by 0.25%.

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Grayscale Investments celebrates the listing of GDLC, the first multi-asset crypto fund in the U.S.

Closing Bell
Citi (NYSE: C) marks Disability and Neurodiversity Awareness month

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• In line with the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, world-first project reaffirms UAE’s leadership position in clean energy, directly addressing intermittency of renewables
• Project will reimagine potential of renewable energy, delivering 1GW of baseload power at a globally competitive tariff, establishing a blueprint for future international deployments
• Masdar and EWEC are deploying the largest and most technologically advanced system of its kind in the world
• Project will help power UAE’s AI revolution while creating over 10,000 jobs and avoiding approximately 5.7 million tonnes of CO₂ per annum

ABU DHABI, UAE, Oct. 24, 2025 /PRNewswire/ — His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, has witnessed the groundbreaking of the world’s largest combined solar power and battery storage project, capable of delivering 1 gigawatt (GW) of baseload renewable energy around the clock.

UAE Breaks Ground on World’s First Gigascale Round-the-Clock Renewable Energy Project, Setting a New Global Standard for Clean Energy

Reimagining the potential of renewable energy

In line with the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, this world-first project, developed by Abu Dhabi Future Energy Company PJSC – Masdar and Emirates Water and Electricity Company (EWEC), reimagines the potential of renewable energy by overcoming the barrier of intermittency. By producing gigascale baseload energy at a globally competitive tariff for the first time, the project sets a new international benchmark and reaffirms the UAE’s leadership position in renewable energy development.

The largest and most technologically advanced system of its kind in the world

The project will integrate a 5.2GW solar photovoltaic (PV) plant with a 19 gigawatt-hours (GWh) battery energy storage system (BESS), the largest and most technologically advanced system of its kind in the world. The design features cutting-edge technologies, including AI-enhanced forecasting and intelligent dispatch, and AI-ready infrastructure for predictive analytics and system optimization.

A blueprint for the world

Once operational, the project will act as a blueprint that can be replicated internationally to meet the growing demand for clean, secure, round-the-clock power.   

His Excellency Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and Chairman of Masdar, said: “Masdar and EWEC are breaking ground on the future, here in Abu Dhabi. With the unwavering support of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, and in the presence of His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, this gigascale project is a step towards redefining the role of renewable energy for the information age. This breakthrough is the culmination of Masdar’s two decades of excellence in renewables and is testament to the power of collaboration in Abu Dhabi’s energy ecosystem. As the world looks for secure, sustainable and affordable energy, the UAE is proud to offer a new vision for technologically enabled growth.”

Mohamed Jameel Al Ramahi, Chief Executive Officer at Masdar, said: “This groundbreaking is a proud occasion for Masdar and the UAE, and represents a pivotal moment in clean energy transformation. This world-first project, the largest and most ambitious in Masdar’s history, is a blueprint for the world, demonstrating that renewable energy can be dispatched around the clock. By overcoming the challenge of intermittency, we can provide sustainable power to meet fast-growing demand from advancements in artificial intelligence and other technologies. We look forward to working closely with EWEC and our partners to deliver this landmark project, which will set the global standard for renewable energy development and support other nations in delivering on their clean energy objectives.”

Powering the AI era

Once complete, the project will deliver 1GW of continuous, clean baseload power 24/7 at a globally competitive tariff, avoiding approximately 5.7 million tonnes of carbon emissions annually and supporting the UAE’s ongoing efforts to diversify its energy mix. The facility is scheduled to be operational by 2027.

Ahmed Ali Alshamsi, Chief Executive Officer at Emirates Water and Electricity Company, said: “This landmark project is a testament to the vision of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and the unwavering commitment of EWEC and our partners in commissioning and developing transformative innovations that support national objectives. Abu Dhabi and the UAE are a global hub for artificial intelligence research, innovation, and adoption, and this project will ensure that the energy needs of this key sector are met sustainably, powering the next generation of economic growth. We are proud to have strategically collaborated with Masdar on this iconic project, and to break ground on a new era of energy in the UAE.”

The project represents capital investment in excess of US$6 billion. Its development will create over 10,000 jobs and new manufacturing and service facilities, reflecting the UAE’s vision and commitment to drive socioeconomic growth. The project will provide affordable, reliable, clean power to meet increasing energy demand from artificial intelligence (AI) and the digital economy. The UAE is positioning AI as a cornerstone of its economic diversification and is targeting being a global leader in the sector under its 2031 national strategy, the first of its kind in the world, by investing in the people and industries that are key to the UAE’s success.

Masdar has established a strong presence in battery storage with investments in the United States, the United Kingdom and elsewhere, including the world’s first storage system connected to a floating offshore wind farm, and has projects in operation and development in a number of countries. Masdar is targeting an overall project portfolio capacity across clean energy technologies of 100GW by 2030.

For more information on Masdar, please visit: https://www.masdar.ae and connect: facebook.com/masdar.ae and https://x.com/Masdar

For more information on EWEC, please visit www.ewec.ae 

UAE Breaks Ground on World’s First Gigascale Round-the-Clock Renewable Energy Project, Setting a New Global Standard for Clean Energy

SINGAPORE, Oct. 24, 2025 /PRNewswire/ — SuperX AI Technology Limited (NASDAQ: SUPX) (“the Company” or “SuperX”) today announced that it has entered into a definitive agreement with the Hong Kong wholly-owned subsidiary of Shenzhen Chengtian Weiye Technology Co., Ltd. (Shenzhen Stock Exchange: 300689, “Chengtian Weiye”) and its affiliates to jointly establish a joint venture company, SuperX Cooltech Pte. Ltd. (“SuperX Cooltech”), in Singapore. SuperX will become the single largest shareholder of the joint venture.

The joint venture will integrate the advantages of both parties in AI system integration and thermal management core components, operating under the cooperative brand “SuperX Cooltech” to provide liquid cooling products and infrastructure solutions to the global market (excluding mainland China, Hong Kong SAR, and Macau SAR).

Liquid Cooling Solutions: An Inevitable Industry Choice Driven by AI Iteration

As new generation GPU architectures like NVIDIA Blackwell push single-rack power consumption above 100kW, traditional air cooling methods are struggling to meet the high heat flux management demands of AI training and inference clusters. Power consumption and heat dissipation have become key bottlenecks restricting the deployment density, operational efficiency, and total cost of ownership (TCO) of AI data centers.

In this context, efficient rack-level liquid cooling technologies, including Cooling Distribution Units (CDUs), high-performance Micro Channel Liquid Cold Plates (MCLP), and integrated thermal management systems, are rapidly becoming the industry’s preferred choice. Large-scale deployment of liquid cooling solutions not only significantly enhances the heat exchange efficiency and server stability of data centers, but also substantially improves the energy efficiency ratio of unit computing power (computing power/W), helping customers build greener, more economical high-performance computing infrastructure.

Strategic Synergy to Unlock Extreme Computing Power for Global Customers

By establishing a joint venture with Chengtian Weiye, SuperX incorporates Chengtian Weiye’s research and development (R&D) as well as manufacturing capabilities in the liquid cooling field into its global business map. Chengtian Ketai (Ningbo) Thermal Management System Technology Co., Ltd., controlled by Chengtian Weiye, has already established a complete portfolio of key products such as Micro Channel Liquid Cold Plates (MCLP) and CDU systems, and possesses mass delivery capabilities. Chengtian Weiye’s key products include liquid cold plates, VCs, MCLPs, nano-injection molded liquid cooling modules, manifolds, liquid cooling racks, and CDU systems, providing system-level thermal management solutions for global customers in AI, High-Performance Computing (HPC), communications, and renewable energy systems.

This cooperation will bring significant competitive advantages to SuperX:

• Completing the Full-stack Liquid Cooling Solution: SuperX will be able to offer global customers an end-to-end product matrix ranging from AI servers, liquid cold plates, and manifolds to complete liquid-cooled racks, simplifying the customer’s procurement, deployment, and integration processes and reducing project risks.

• Building System-Level Technical Barriers: Through joint development in areas such as liquid cooling fluid dynamics, thermal path optimization, and electromechanical interface design, deep coupling of hardware and software will be achieved, building system-level performance advantages that are difficult to replicate quickly and establishing a long-term moat in high-density AI scenarios.

• Enhancing Global Delivery and Mass Production Capabilities: Leveraging Chengtian Weiye’s mature engineering and intelligent manufacturing systems, the joint venture can quickly transform advanced R&D achievements into reliable, large-scale production capacity, meeting the stringent demands of global customers for high-quality, stable supply chains.

• Optimizing Customer Return on Investment: Shortening project delivery cycles through standardized modular design and reducing data center operating energy consumption via system-level thermal management optimization, thereby significantly enhancing the customer’s long-term return on investment.

About SuperX AI Technology Limited (NASDAQ: SUPX)

SuperX AI Technology Limited is an AI infrastructure solutions provider, offering a comprehensive portfolio of proprietary hardware, advanced software, and end-to-end services for AI data centers. The Company’s services include advanced solution design and planning, cost-effective infrastructure product integration, and end-to-end operations and maintenance. Its core products include high-performance AI servers, 800 Volts Direct Current (800VDC) solutions, high-density liquid cooling solutions, as well as AI cloud and AI agents. Headquartered in Singapore, the Company serves institutional clients globally, including enterprises, research institutions, and cloud and edge computing deployments. For more information, please visit www.superx.sg

About Chengtian Weiye (Stock Code: 300689) and Chengtian Ketai (Ningbo) Thermal Management System Technology Co., Ltd.

Shenzhen Chengtian Weiye Technology Co., Ltd. is a leading international high-tech enterprise engaged in the R&D, production, sales, and services of smart cards and specialized chips, headquartered in Shenzhen, Guangdong, China. With a global business presence, the company provides high-quality products and professional services to customers from six major production bases in Shenzhen, Shanghai, Ningbo, Huizhou, New Delhi (India), and Jakarta (Indonesia). In recent years, the company has actively expanded into the high-performance thermal management field. Its holding subsidiary, Chengtian Ketai, focuses on the research, development, and manufacturing of liquid cooling products and systems for the semiconductor and AI server sectors. The company’s products are widely utilized across several key industries, including communications, energy, automation, and electronics manufacturing, continuously driving the intelligent transformation of the industry.

Safe Harbor Statement

This press release may contain forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. Forward-looking statements are based on current expectations and assumptions that, while considered reasonable are inherently uncertain. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

Forward-looking statements are only predictions. The reader is cautioned not to rely on these forward-looking statements. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. Except as required by law, we are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

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KUCHING, Malaysia, Oct. 24, 2025 /PRNewswire/ — The 8th International Digital Economy Conference Sarawak 2025 (IDECS25) officially commenced on October 22nd, 2025, at the Borneo Convention Centre Kuching. Organized by the Sarawak Government and co-hosted by Sarawak Digital Economy Corporation (SDEC), Sarawak Multimedia Authority (SMA) and Sarawak Information Systems Sdn. Bhd. (SAINS), the event attracted 10,000+ participants. Serving as a platform showcasing AI and sustainability, the Conference brought together cutting-edge technologies and key players of the industry. AgiBot, alongside its Malaysian strategic partner Mr. Robot, participated in the exhibition, featuring its core product, all-intelligence lively robot AgiBot X2.

At the exhibition, Malaysian Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg visited the booth and enthusiastically interacted with AgiBot X2. The Robot shaking hands with the Premier, making a heart gesture and engaging in verbal interaction not only demonstrated AgiBot X2’s high intelligence but also symbolized Malaysia’s strong recognition and anticipation for embodied AI technology.

As an all-intelligence lively robot, AgiBot X2 possesses 30+ expressive gestures. It can perform various vivid expressions and movements, accurately answer audience questions, proactively move around the venue to greet attendees, support multi-language communication, and can even dance and perform parkour, demonstrating high practicality and appeal across various scenarios including performance, retail and education. During the Event, AgiBot X2’s adorable appearance and high approachability attracted large crowds of participants, who stopped to watch, take photos and interact with it, making it the most popular “star” at the conference.

Previously, AgiBot, partnered with Mr. Robot, also participated in the launch ceremony of “Virtual Island of Penang” (VIP) smart city system by the Penang Island City Council. As Malaysia’s first smart city application system launched by the Council, the “Virtual Island of Penang” has drawn significant attention. During the event, Penang Chief Minister Chow Kon Yeow shook hands with and humorously interacted with the humanoid robot AgiBot X2.

LONDON, Oct. 24, 2025 /PRNewswire/ — Envision Energy, a global leader in green technology, has been honored with top recognition at the Reuters Global Sustainability Awards 2025, winning the “AI for Sustainability Excellence” category for its pioneering application of artificial intelligence in driving the global energy transition.

Envision Energy earned the AI for Sustainability Excellence Award for its groundbreaking application of AI across the renewable energy value chain, from intelligent wind turbine optimization, AI-powered storage systems. Leveraging its proprietary EnOS Operating System, Envision helps industries and cities worldwide to optimize energy generation, reduce carbon intensity, and accelerate the global energy transition. Its AI-driven technologies enhance efficiency and market returns while advancing low-carbon, intelligent, and sustainable industrial growth globally.

“Artificial intelligence marks a leap from automation to autonomy – the first time in history systems can truly sense, decide, and evolve on their own.” said Lei Zhang, Chairman of Envision, “Envision’s long-term commitment to building a renewable energy system has laid the foundation for Large Energy Model supported by extensive capabilities and massive datasets across wind, storage, hydrogen, and power systems. Physical AI-driven Large Energy Model will fundamentally reshape the future energy ecosystem – ushering in a new era of intelligent, sustainable, and equitable prosperity.”

Envision Energy’s AI-powered renewable energy system, driven by a Large Energy Model, has been successfully deployed at the world’s largest and most advanced green hydrogen and ammonia production facility in Chifeng. As the first fully AI-powered plant of its kind, the project is built on an integrated wind–solar-storage-hydrogen-ammonia system, leveraging the Large Energy Model for full-lifecycle intelligent planning and dynamic control. Its successful implementation demonstrates the core value of AI-powered renewable energy systems in stabilizing high-renewable grids, optimizing storage, and ensuring secure, efficient operation.

The Reuters Global Sustainability Awards, one of the world’s most influential recognitions in sustainability and climate leadership, celebrate organizations that drive both resilient, sustainable business growth and positive impact on society and the environment – redefining business for a more sustainable, purpose-driven future. For more than 15 years, the Awards have served as a global benchmark for excellence in sustainability. This year, Envision stood out among over 800 applications from 40 countries, recognized for its AI-driven approach to accelerating the global net-zero transition.

The company was also Highly Commended (second place) in the “Net Zero: Leadership” category, reaffirming its role as a frontrunner in building the net-zero future through digital innovation and renewable energy systems.

– End –

BANGKOK, Oct. 24, 2025 /PRNewswire/ — On October 23, 2025, Dr. Zhiming (Tiffany) Jiang, General Manager of Wantai Group, and Dr. Huirong (Harry) Pan, General Manager of Xiamen Innovax Biotech Co., Ltd. (“Innovax”), participated in the 37th International Papillomavirus Society (IPVS) Conference in Bangkok, Thailand. They chaired a dedicated symposium titled “A New Era of HPV Vaccines: The Efforts from Developing Country Manufacturers for Global Cervical Cancer Elimination,” which sparked lively discussions among attending experts and scholars. Innovax’s booth (#09) “Together Against HPV” also attracted active engagement.

The symposium was chaired by Dr. Wichai Termrungruanglert, Vice President of the Royal Thai College of Obstetricians, during which, INNOVAX and Xiamen University jointly presented “Improving Global Equity in HPV Prevention: The Promise of a Novel E. coli-Expressed 9-Valent Vaccine.” Professor Ting Wu from Xiamen University presented, for 1st time to the international academic community, three-year follow-up data¹ from a head-to-head clinical trial comparing Cecolin 9 with a marketed HPV 9-valent vaccine. The clinical results of Cecolin 9 demonstrate comparable immunogenicity and safety profiles to the marketed HPV 9-valent vaccine, underscoring its significant potential to improve equity in global HPV prevention.

Later was a presentation on “Together Against HPV: Leveraging Strong Partnerships for Cecolin 9 Local Production and Equitable Access in Thailand” by Dr. Nakorn Premsri, Director of the National Vaccine Institute of Thailand (NVI) and Dr. Boonrak Thawornrungroaj, Managing Director of Global Biotech Products Co., Ltd. (GBP). They detailed the localization strategy and implementation progress for Cecolin 9 in Thailand².

The symposium also hosted representatives from the Gates Foundation (GF), the Clinton Health Access Initiative (CHAI), Program for Appropriate Technology in Health (PATH), International Vaccine Institute (IVI) and experts from industries, etc.. Attendees commended Innovax’s contributions to advancing the global elimination of cervical cancer and expressed strong commitment to further strengthen collaboration.

INNOVAX’s official website: https://www.xiameninnovax.com/. Follow us on LinkedIn (@Xiamen Innovax Biotech Co., Ltd.) and X (@Innovax).

WUHU, China, Oct. 24, 2025 /PRNewswire/ — As autumn deepens and the fragrance of osmanthus fills the air, the riverside city of Wuhu welcomed a distinguished guest — Mr. Ban Ki-moon, former UN Secretary-General Ban Ki-moon.

In his capacity as Chery Global ESG Honorary Advisor , Mr. Ban visited the Chery International Ecosystem Experience, where technology and humanity intertwined in a dialogue on the future of intelligent manufacturing and sustainable development.

AiMOGA Robot Presents Osmanthus Bouquet: A Technological Tribute with Eastern Warmth

When Mr. Ban entered the pavilion, Mornine, AiMOGA Robotics’ humanoid robot, stepped forward gracefully holding a bouquet of golden osmanthus — carefully wrapped in paper printed with Preface to the Poems Collected from the Orchid Pavilion(Lantingji Xu) by Chinese calligraphy master Wang Xizhi.

This gesture was specially chosen for the guest of honor, known for his appreciation of Chinese culture and calligraphy.

The interpreter explained warmly:

“Mr. Ban, as we celebrate this golden-autumn season, Mornine presents osmanthus to you — in Chinese, ‘gui’ sounds like ‘noble’, symbolizing respect, goodwill, and friendship. Since you enjoy Chinese calligraphy, the wrapping features one of China’s most famous works, Lantingji Xu.”

The interpreter further noted that this gift, blending traditional art with modern craftsmanship, conveys AiMOGA Robotics’ heartfelt wishes to humanity.

After the bouquet presentation, AiMOGA’s quadruped robot Argos appeared carrying a box of chocolates, adding warmth and interactivity to the moment.

At the “Hello” in Many Languages wall — showcasing greetings in more than ten languages to symbolize openness and cross-cultural dialogue — Mr. Ban greeted a lineup of AiMOGA robots, took photos, and shared friendly exchanges.

This “robotic ceremony”, uniting flowers, calligraphy, and intelligent technology, vividly reflected Chery’s humanistic approach to innovation and embodied AiMOGA’s role as a cultural envoy—telling China’s story through technology and extending goodwill across cultures.

The fragrance of osmanthus carried profound meaning: representing hospitality and symbolizing the enduring friendship between Chery and the international community in the pursuit of sustainable development — a bond destined to blossom like the osmanthus itself.

From Africa to Wuhu: AiMOGA Robotics Advancing Global ESG Practices

In August, Chery hosted the “Champion for Education in Africa“ public-welfare activity in Johannesburg, South Africa.

AiMOGA’s humanoid robot appeared as an “Ambassador for Educational Friendship”, engaging fluently in English and demonstrating multilingual, cross-cultural interaction capabilities.

From education programs in Africa to technological hospitality in Wuhu, AiMOGA Robotics continues to expand its role in Chery’s global ESG commitment, serving as a vivid embodiment of the company’s vision of Technology for Good.

Dialogue for the Future: Building a Sustainable Ecosystem through Technology

During the visit, Mr. Ban Ki-moon and Mr. Zhang Guibing, President of Chery International, held an in-depth discussion on embodied-intelligence R&D, global industrial deployment, and future cooperation.

Yin Tongyue, Chairman of Chery Automobile Co., Ltd. emphasized:

“ESG is the core of sustainable development. Chery will continue working with international organizations to promote low-carbon technologies and social-impact initiatives, fulfilling its responsibility as a global corporate citizen.”

Mr. Ban’s visit as Chery Global ESG Honorary Advisor reflects his recognition of Chery’s ESG vision and intelligent-innovation practices, as well as the international community’s acknowledgment of Chinese enterprises advancing sustainability with accountability and care.

As a representative of China’s intelligent manufacturing, Chery is extending its industrial frontier through innovations such as AiMOGA Robotics — from automobiles to humanoid robots, from manufacturing to intelligence.

With technology as a bridge and responsibility as a belief, Chery continues to demonstrate to the world the warmth and strength of Intelligent Manufacturing in China.