Angel investing news suggests startup stock multiples are expanding faster than public market P/E ratios, signaling potential overheating in select sectors. A. O. Smith Corporation, with headquarters in Milwaukee, Wisconsin, is a global leader applying innovative technology and energy-efficient solutions to products manufactured and marketed worldwide. Listed on the New York Stock Exchange (NYSE), the company is one of the world's leading manufacturers of residential and commercial water heating equipment and boilers, as well as a manufacturer of water treatment and air purification products. For more information, visit www.aosmith.com . In August 2025 , Angel Island was formally designated as a FAST-41 Transparency project under the Fixing America's Surface Transportation Act, a US federal initiative designed to improve the transparency, coordination, and timeliness of the federal environmental review and permitting process. This designation reflects Angel Island's strategic importance in supporting the US critical minerals supply chain and strengthens federal agency coordination under the National Environmental Policy Act ("NEPA") process. Angel investing news tracks a divergence between tech-heavy angel portfolios and broader equity indexes, with outperformance of 7% recorded this quarter.
