Month: August 2025

NEW YORK, Aug. 17, 2025 /PRNewswire/ — In response to Lyft announcing that it will begin implementing age verification to ensure electric Citi Bike riders are 16 or older, Tusk Philanthropies, who developed and led the effort to bring about this change — including creating the initial idea, authoring a recent op-ed in the Daily News calling on Lyft to verify age, and then bringing forth multiple political forces to pressure Lyft — released the following statement from its founder and CEO Bradley Tusk:

Lyft, the operator of Citi Bike, has agreed to begin verifying the age of riders on their electric bikes to ensure that people under 16 are not able to ride them. Underage teenagers, especially boys, have been recklessly riding ebikes at top speed — without a helmet — since the program’s introduction. With ebike injuries surging 293% from 2019-2022 nationwide and more than 400 ebike crashes citywide so far in NYC (a 20% increase over this point last year), it’s only a matter of time until a child on a Citi Bike either dies in an ebike crash or seriously injures someone else.

By agreeing to verify the age of their customers, Lyft is preventing that from happening and I am grateful to them for it. I am also very grateful to First Deputy Mayor Randy Mastro for using his influence to force Lyft to the table, negotiating this deal and getting such a great outcome for the people of New York City, just like he did by lowering the ebike speed limit.

Ed Skyler, Head of Enterprise Services & Public Affairs at Citi, did the same, as did Council Member Justin Brannan who began the campaign three weeks ago by demanding that Lyft start verifying age. Their work was instrumental. This wouldn’t have happened without them.

This isn’t the biggest issue facing New York but as a parent, I know how much I worry and I know how important this is. This announcement will save lives. It will save families from heartbreak. It will save teenagers from their own bad judgment. It’s a good day for New York.

About Bradley Tusk:
Bradley Tusk is a venture capitalist, political strategist, and philanthropist. Bradley’s family foundation, Tusk Philanthropies, has played a unique and impactful role in securing public policy wins for New Yorkers, including recent successes in the fight to implement age verification for electric Citi Bike riders, ban forced brokers fees, reform overly burdensome scaffolding regulations, pass legislation to provide legal protection for doctors who prescribe abortion medication via telemedicine to women in restricted states, and secure universal school meals for all New York State students.

Further from home, Tusk Philanthropies is also funding and leading the national campaign to bring mobile voting to all U.S. elections. Tusk Philanthropies also runs and funds Solving Hunger, whose work has led to passage of legislation creating $2 billion in new annual funding for anti-hunger policies and programs in 24 different states, helping to feed nearly 14 million people on a daily basis.

Bradley hosts a podcast, Firewall, about the intersection of tech and politics and owns an independent bookstore, P&T Knitwear, on Manhattan’s Lower East Side, which is home to New York City’s only professional podcast studio that is free for community use.

Earlier in his career, Bradley served as campaign manager for Mike Bloomberg’s 2009 mayoral race, as Deputy Governor of Illinois, overseeing the state’s budget, operations, legislation, policy and communications, as communications director for US Senator Chuck Schumer, and as Uber’s first political advisor.

Contact: cory@tuskholdings.com 

 

View original content:https://www.prnewswire.com/news-releases/statement-from-bradley-tusk-in-response-to-lyfts-announcement-that-it-will-implement-age-verification-for-electric-citi-bike-riders-302531693.html

SOURCE Tusk Philanthropies

ATLANTA, Aug. 15, 2025 /PRNewswire/ — Novelis Inc. (the “Company”) announced today the results of its indirect wholly-owned subsidiary, Novelis Corporation’s (the “Issuer”) previously announced cash tender offer for any and all of its 3.250% Senior Notes due November 2026 (the “Notes”), upon the terms and conditions included in the Offer to Purchase, dated August 11, 2025.

As of the expiration time of the tender offer, which was 5:00 pm., New York City time, on August 15, 2025 (the “Expiration Time”), the aggregate principal amount of the Notes that have been validly tendered and not validly withdrawn was $738,116,000, representing 98.4% of the $750,000,000 aggregate outstanding principal amount of the Notes, which amount includes $2,326,000 that remain subject to the applicable guaranteed delivery procedures. Holders who indicated by the Expiration Time that they will deliver their Notes through the guaranteed delivery procedures set forth in the Offer to Purchase must deliver their Notes by 5:00 p.m., New York City time, on August 19, 2025. The complete terms and conditions of the Tender Offer were set forth in the Offer to Purchase and the related notice of guaranteed delivery (the “Notice of Guaranteed Delivery”).

Subject to the terms and conditions of the tender offer being satisfied or waived, holders who validly tendered and did not withdraw Notes prior to the Expiration Time will receive the “Tender Offer Consideration” equal to $997.50 per $1,000 principal amount of Notes. In addition to the Tender Offer Consideration, holders will receive accrued and unpaid interest on the Notes from the most recent payment of semi-annual interest for such Notes preceding the Settlement Date to, but not including, the Settlement Date. The Settlement Date is expected to be August 18, 2025. With respect to the Notes tendered and accepted for purchase, if any, pursuant to the guaranteed delivery procedures described in the Offer to Purchase, the holders of any such Notes will receive payment of the Tender Offer Consideration for such Notes, plus accrued and unpaid interest from the most recent payment of semi-annual interest for such Notes preceding the Settlement Date up to, but not including, the Settlement Date, on the settlement date for any Notes tendered pursuant to a Notice of Guaranteed Delivery, which is expected to be August 20, 2025. All accrued and unpaid interest on the Notes from the most recent payment of semi-annual interest for such Notes up to, but not including, the Settlement Date will cease to accrue on the Settlement Date for all Notes accepted for purchase pursuant to the Tender Offer, including those tendered pursuant to the Notice of Guaranteed Delivery.

The Company intends to redeem any Notes that are not purchased in the tender offer in accordance with the indenture governing the Notes as more fully described in the Offer to Purchase.

The Company has engaged BNP Paribas Securities Corp. to act as Dealer Manager for the tender offer. Persons with questions regarding the tender offer should contact BNP Paribas Securities Corp. toll-free at (888) 210-4358 or collect at (212) 841-3059. Requests for documents should be directed to D.F. King & Co., Inc., the Tender and Information Agent for the tender offer, at (212) 269-5550 (for banks and brokers) or (800) 967-5071 (for noteholders) or by email at LegalTeamUS@equiniti.com.

This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to purchase with respect to any of the Notes. The tender offer is being made pursuant to the tender offer documents, including the Offer to Purchase and Notice of Guaranteed Delivery that the Company is distributing to holders of the Notes. The tender offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities or other laws of such jurisdiction. None of the Company, the Dealer Manager, the Tender and Information Agent or their respective affiliates is making any recommendation as to whether or not holders should tender all or any portion of their Notes in the tender offer.

About Novelis

Novelis Inc. is driven by its purpose of shaping a sustainable world together. We are a global leader in the production of innovative aluminum products and solutions and the world’s largest recycler of aluminum. Our ambition is to be the leading provider of low-carbon, sustainable aluminum solutions and to achieve a fully circular economy by partnering with our suppliers, as well as our customers in the aerospace, automotive, beverage packaging and specialties industries throughout North America, Europe, Asia and South America. Novelis had net sales of $17.1 billion in fiscal year 2025. Novelis is a subsidiary of Hindalco Industries Limited, an industry leader in aluminum and copper, and the metals flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai. For more information, visit novelis.com.

Forward-Looking Statements

Statements made in this news release which describe Novelis’ intentions, expectations, beliefs or predictions may be forward-looking within the meaning of securities laws. Forward-looking statements include statements preceded by, followed by, or including the words “believes,” “expects,” “anticipates,” “plans,” “estimates,” “projects,” “forecasts,” or similar expressions. Examples of forward-looking statements in this news release are statements about the timing and completion of the tender offer. Novelis cautions that, by their nature, forward-looking statements involve risk and uncertainty and Novelis’ actual results could differ materially from those expressed or implied in such statements. Novelis does not intend, and Novelis disclaims any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

View original content to download multimedia:https://www.prnewswire.com/news-releases/novelis-announces-results-of-tender-offer-for-3-250-senior-notes-due-november-2026–302531443.html

SOURCE Novelis Inc.

Includes a brief overview of the Fitzgerald tragedy

DETROIT, Aug. 15, 2025 /PRNewswire/ — November 10, 2025, marks the 50th anniversary of the tragic sinking of the SS Edmund Fitzgerald, one of the most well-known maritime disasters in Great Lakes history. All 29 crew members were lost when the ship sank in a treacherous Lake Superior storm.

Mariners’ Church of Detroit, which has honored the Great Lakes maritime tradition since 1842, is committed to supporting accurate and meaningful media coverage of this milestone. The church is offering journalists access to:

• Subject matter experts and spokespeople
• Archival articles, photographs and historical documentation
• List of 50^th anniversary commemoration activities and events

To access resources, please visit HERE (https://marinerschurchofdetroit.org/edmund-fitzgerald/)

The Edmund Fitzgerald: A Brief Overview

At 1:15 p.m. CT on Nov. 9, 1975, the Edmund Fitzgerald, then the largest ship on the Great Lakes, set sail from the Burlington Northern Railroad dock in Superior, WI loaded with 26,116 long tons of taconite headed for a steel mill on Zug Island near Detroit. Weather was normal for the time of year, although conditions rapidly deteriorated. By Nov. 10, winds exceeded 50 mph and waves towered up to 25 feet.

At approximately 7:10 p.m., just 17 miles from Whitefish Bay, the Fitzgerald vanished from radar. No distress signal was sent. The ship likely sank bow-first in violent seas. All 29 crew members perished.

In the early hours of Nov. 11, 1975, Rev. Richard Ingalls of Mariners’ Church rang the church’s Brotherhood Bell 29 times — once for each life lost. Ingalls said he paused between each of the 29 pulls, allowing the sound to echo over the quiet city on that cold November dawn. Soon, community members and more than a dozen reporters had made their way to the church to learn about the shipwreck firsthand.

Ingalls’ act was later immortalized in Gordon Lightfoot’s iconic song, The Wreck of the Edmund Fitzgerald, and bell-ringing tradition has continued each year since at Mariners’ Annual Great Lakes Memorial Service, held on the second Sunday of November.

Given that Mariners’ Church served as a central hub for news and reporting on the morning of the tragedy 50 years ago, the church is honored to once again offer that role with historical documents, contacts and accurate information for those covering this significant anniversary. Visit: https://marinerschurchofdetroit.org/edmund-fitzgerald/

View original content:https://www.prnewswire.com/news-releases/media-alert-resources-available-for-50th-anniversary-coverage-of-the-ss-edmund-fitzgerald-tragedy-302531264.html

SOURCE Mariners’ Church of Detroit