Release 3.4.0
diff --git a/NEWS.rst b/NEWS.rst
index b81d01a..57fab99 100644
--- a/NEWS.rst
+++ b/NEWS.rst
@@ -1,3 +1,11 @@
+3.4.0 (2025-06-20)
+
+- Add support for python 3.14
+- Add "t-string is missing placeholders" error
+- Fix annotation erroneously causing a name to be defined with
+  ``from __future__ import annotations``
+- Add support for always-deferred annotations (PEP 749)
+
 3.3.2 (2025-03-31)
 
 - Fix crash with ``global`` / ``nonlocal`` in class bodies (regressed in 3.3.0)
diff --git a/pyflakes/__init__.py b/pyflakes/__init__.py
index 6093f83..f631007 100644
--- a/pyflakes/__init__.py
+++ b/pyflakes/__init__.py
@@ -1 +1 @@
-__version__ = '3.3.2'
+__version__ = '3.4.0'