2 unchanged sentences
We believe that we have limited exposure to risks associated with changes in foreign currency exchange rates, interest rates and equity prices.
−Removed: We have no significant foreign operations.
+Added: We have not had any significant foreign operations and expect to fully exit our operational activities in China by the end of fiscal year 2025.
We do not hold or enter into derivatives or other financial instruments for trading or speculative purposes.
4 unchanged sentences
Our cash and cash equivalents are also subject to changes in short-term rates.
−Removed: The Federal Open Market Committee ("FOMC") decreased the federal funds target rate in September 2024 to a range of 4.75%-5.0%, the first rate cut in over four years, and further reduced interest rates by an additional 50 basis points during the fourth quarter of 2024.
+Added: The Federal Open Market Committee ("FOMC") decreased the federal funds target rate in September 2024 to a range of 4.75%-5.0%, the first rate cut in over four years, and has further made a series of interest rate reductions since then to a current range of 3.75% to 4.0%.
The FOMC's decision-making policies for short-term interest rates will continue to impact the amount of net interest income we earn in the future.
28 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.