18 unchanged sentences
any retaliatory actions could significantly increase the cost of our products and result in lower demand for our products.
+Added: On July 9th, 2025, the United States announced a 50% tariff on Brazil which was followed on July 15, 2025, by the Brazilian government announcing a 50% tariff on the United States.
+Added: Both tariffs are stated to be effective August 1, 2025.
+Added: On July 28, 2025, the United States announced a 15% tariff on goods from the EU effective August 1, 2025.
Impacts from potential deterioration in geopolitical or trade relationships between the United States and other countries, including as a result of the risks described above, could have a material adverse impact on our financial position, results of operations and/or cash flows.
+Added: Changes in Medicaid coverage and reimbursement policies may adversely affect our business, financial condition, and results of operations.
+Added: A portion of our products are used in pediatric orthopedic procedures that may be reimbursed under Medicaid.
+Added: Legislative or regulatory changes at the federal or state level that reduce Medicaid enrollment, restrict coverage for specific procedures or devices, or lower reimbursement rates could negatively impact our business.
+Added: These changes may result in decreased procedure volumes, increased pricing pressure from healthcare providers and payers, and delays in the adoption of our products, particularly in hospitals and clinics serving high volumes of Medicaid patients.
+Added: Additionally, because Medicaid is administered at the state level, there is considerable variability in how coverage and reimbursement policies are implemented.
+Added: This variability introduces uncertainty in forecasting demand and reimbursement levels for our products.
+Added: Any such changes or uncertainties could materially and adversely affect our revenues, margins, and overall financial performance.
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.