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Will 'Wicked' and 'Gladiator II' give us the new 'Barbenheimer'? This weekend will be the judgeJohnson Matthey Plc ( OTCPK:JMPLF ) Q2 2025 Earnings Conference Call November 27, 2024 4:00 AM ET Company Participants Martin Dunwoodie - Director of Investor Relations Liam Condon - Chief Executive Stephen Oxley - Chief Financial Officer Anish Taneja - Chief Executive, Clean Air and Chair, Group Commercial Council Maurits van Tol - Chief Executive, Catalyst Technologies Conference Call Participants Tristan Lamotte - Deutsche Bank Sebastian Bray - Berenberg Bank Ranulf Orr - Citi Charlie Bentley - Jefferies Martin Dunwoodie Good morning, everyone. I'm Martin Dunwoodie, Director of Investor Relations here at Johnson Matthey. Thank you everyone for coming along today and for those of you who have tuned in on the webcast. A little bit of admin before we start. [Operator Instructions] We're going to follow the usual format today. So we'll have a presentation followed by Q&A. And we'll take the Q&A first from the room then the webcast. And I'd say, I'm very pleased to welcome today Liam Condon, our CEO; and Stephen Oxley, our CFO. I'll point to our cautionary statement as usual. And with that, I'll hand over to Liam for the presentation. Liam Condon So thanks a lot, Martin, and a warm welcome to everybody here at the London Stock Exchange, and of course a very warm welcome to everybody who is joining us online today. As Martin said, I will give a brief introduction, say a little bit about what's happening in our markets and what's happening at JM in the past six months. Stephen is going to talk you through the financials. I'll give you an update on our strategic progress, and then we'll have most of the time available for Q&A, which we are very much looking forward to. So if we get straight into it, what you've seen from our results that we

Charles Dolan, HBO founder and pioneering cable TV mogul, passes away

THE US and the world were electrified by Donald Trump's landslide victory and spectacular comeback against a background of massive media bashing, including case after case thrown against him, including for fraud and rape, indictments, and two assassination attempts. Yet The Donald, Wharton-graduated real estate billionaire and married to models, reality show host, the epitome of American chutzpah, came out punching to win both houses, electoral as well as popular votes. The world is also on its toes for the potential geopolitical changes expected, declared by Trump, including promoting quick peace negotiation in Ukraine, while Biden even escalated the war by approving the use of missiles ATACM even deep into Russia, causing Putin to reiterate the position that this can be considered direct NATO nation interventions which may be reciprocated in kind with direct attacks on NATO. Trump has also declared expanded tariffs against China and allies alike and demanded that Europe and Japan, allies, pay more for their own defense. But a third initiative worth watching, the focus of this article, is his "DOGE" program, recruiting two self-made radical new-tech innovation billionaire genius immigrants. Elon of South Africa, Vivek Ramaswamy of Indian parentage, to the Department of Government Efficiency, to advise radical change in government spending and efficiency. This DOGE has ignited enthusiasm across the US in a population much discouraged by perceived waste, corruption, inflation, and internal strife. It has started much new proactive discussion and certainly is worth emulating at least as a reinvention target, for the Philippines. It has been given a target to accomplish parts and recommendations, with a timeframe to expire on July 4, 2026, the 250th Declaration of Independence. Trump and his teams have started initiatives, explorations and collaborations even before his formal takeover of government slated for January 2025. Thus far, what has been envisioned and targeted? Government dashboard development. Musk has proposed a real-time performance dashboard for government, making federal spending, project progress, and efficiency metrics transparent to the public. Zero-based budgeting. Ramaswamy proposes zero-based budgeting: recalculate the actual personnel needed to accomplish tasks, give generous severance to downsize, reduce medicare fraud, eliminate projects like sex change studies for animals and children, reduce subsidies, shut programs and even agencies that have not been showing results, e.g., California $20 billion allocated for the homeless that hasn't had reports for three years while homelessness has grown, schools that spent the most performing the least, etc. Domestic citizens first. Trump will cut illegal immigrant entry that was made easy by the democrats, as well as the $150 billion a year spent on their education, health, and law enforcement, among others. NATO members should pay more for their own defense. Stop the war spending for Ukraine at over $150 billion already, plus other military occupations (but not Israeli). Unauthorized federal spending. This included $500 billion annually to be slashed and made transparent related to unexamined federal contracts to be audited. Efficient operations . Elon will recommend digital platform consolidations, AI use, better-directed and more efficient research and development of technologies, and transportation systems. As a biotech entrepreneur, Ramaswamy plans to introduce reforms on drug approval processes and healthcare delivery and costs, organizational restructuring, and linking funding to measurable outcomes before funding each year. Preventive health care. Robert F Kennedy will review vaccine approval and delivery systems, having examined the fraud and lack of transparency during the pandemic. He won't ban sugar drinks or other foods, but plans to educate and promote wellness programs rather than remedial treatment, the biggest expense of the government. Reduced bureaucracy. Musk and Ramaswamy will propose reduced regulations, using current laws instead of legislating new ones, simplifying permits and government processing, and reducing unnecessary daily interactions. Targets and timetables are indicated as a discipline by both experienced entrepreneurs. While Elon has indicated his estimated reductions may have proposals of up to $2 trillion out of the government's current $6.7 trillion a year budget ($1 trillion a year in interest alone), only $1.7 trillion a year is discretionary, and the others would have to be managed through legislation and other methods. They intend to start with what is under the executive branch to make their early "wins" but consider the unaccounted, unauthorized expenditures of hundreds of billions to be fair game, apart from those whose purposes are to be questioned. If the US can even discuss these issues and give details, demand explanations, as well as put in power people with experience in providing solutions, as it seems to have today, the US can possibly be on the road to a great revival. We never expect perfection, but it is one of the great strengths of the US system, and the vision of its forefathers is alive! The situation is much unlike recent years, where the institutions and media have blatantly, even certified, en masse, what is false, tried to stifle any counter information, and even attacked anyone, even just bringing up alternatives. Instances of these can be seen in the cases of the vaccines' safety, covered-up research on virus gain of functions, sex change politics, Israeli or Saudi issues, weapons of mass destruction or gassing by countries, on the proven false news of Russian interference in the US elections, on the disappearance of clearly obtained evidence against various political personalities, the digging up of cases against others where evidence didn't exist, filed against foreigners as well as past and future presidents. This recognition of the value of talent has been valued also in Asia though, we should note. Even in China, 2500 years ago, Confucius noted that the first step to understanding and solution is " to name things by their proper name. " And the recognition and recruitment of talent is demonstrated in a manner by the civil service examination system, and the regular acquiring and honoring of advisers and consultants, who become famous even in history as teachers and success advisors, not just of politics but of sciences, medicine, geography, etc. Japan, South Korea, Singapore and all great nations of the past have had to put in power the talents of vision and ability to execute, to achieve periods of great achievement, even against odds. To see it in any nation being applied is inspiring. To each their manner, we have to recruit and put in the ability to execute on behalf of leaders who have a love for the nation and the welfare of their constituents. Why not model the Philippines after any of these nations in their periods of rising to greatness, when they and we recruit top talent instead of just family and building a nation? New Worlds by IDSI (Integrated Development Studies Institute) aims to present frameworks based on a balance of economic theory, historical realities, ground success in real business and communities, and an attempt for common good, culture, and spirituality. We welcome logical feedback and possibly working with compatible frameworks ( [email protected] ).'Won’t end well for her': 5 things that could sink Trump AG pick Bondi’s confirmation