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BEIRUT — Lebanon’s embattled central bank governor stepped down Monday under a cloud of investigation and blame for his country’s economic crisis as several European countries probe him for alleged financial crimes.
In that same building, his four vice governors, led by incoming interim governor Wassim Mansouri, quickly pivoted to urge fiscal reforms for the cash-strapped country.
“We are at a crossroads,” Mansouri said at a news conference. “There is no choice, if we continue previous policy ... the funds in the Central Bank will eventually dry up.”
Seventy-three-year-old Riad Salameh kicked off his tenure as central bank governor in 1993, three years after Lebanon’s bloody 15-year civil war came to an end. It was a time when reconstruction loans and aid was pouring into the country, and Salameh was widely celebrated at the time for his role in Lebanon’s recovery.
Now, he leaves his post a wanted man in Europe, accused by many in Lebanon of being a main culprit in the country’s financial downfall since late 2019.
It was a steep fall for a leader whose policies were once hailed for keeping the currency stable. Later, many financial experts saw him as setting up a house of cards that crumbled as the country’s supply of dollars dried up on top of decades of rampant and corruption and mismanagement from Lebanon’s ruling parties.
The crisis has pulverized the Lebanese pound and wiped out the savings of many Lebanese, as the banks ran dry of hard currency.
With the country’s banks crippled and public sector in ruins, Lebanon for years has run on a cash-based economy and relied primarily on tourism and remittances from millions in the diaspora.
Mansouri said previous policies that permitted the Central Bank to spend large sums on money to prop up the Lebanese state is no longer feasible. He cited years of spending billions of dollars to subsidize fuel, medicine, and wheat and more to keep the value of the Lebanese pound stable.
Instead, Mansouri proposed a six-month reform plan that included passing long awaited reforms such as capital controls, a bank restructuring law, and the 2023 state budget.
“The country cannot continue without passing these laws,” Mansouri explained. “We don’t have time, and we paid a heavy price that we cannot pay anymore.”
The reforms Mansouri mentioned are among those the International Monetary Fund set as conditions on Lebanon in April 2022 for a bailout plan, though he did not mention the IMF. None have been passed.
France, Germany, and Luxembourg are investigating Salameh and his associates over myriad financial crimes, including illicit enrichment and the laundering of $330 million. Paris and Berlin issued Interpol notices to the central bank chief in May, though Lebanon does not hand over its citizens to foreign countries.
Salameh has repeatedly denied the allegations and insisted that his wealth comes from his previous job as an investment banker at Merrill Lynch, inherited properties, and investments. He has criticized the probe and said it was part of a media and political campaign to scapegoat him.
In his final interview as governor, Salameh said on Lebanese television that the responsibility for reforms lies with the government.
“Everything I did for the past 30 years was to try to serve Lebanon and the Lebanese,” he said. “Some -- the majority -- were grateful, even if they don’t want to say so. And there are other people, well may God forgive them.”
Salameh’s departure adds another gap to crisis-hit Lebanon’s withering and paralyzed institutions. The tiny Mediterranean country has been without a president nine months, while its government has been running in a limited caretaker capacity for a year. Lebanon has also been without a top spy chief to head its General Security Directorate since March.
Lebanese officials in recent months were divided over whether Salameh should stay in his post or whether he should step down immediately in the remaining months of his tenure.
Caretaker Economy Amin Salam wanted the latter, given that the central bank chief had a “legal question mark.”
“I cannot explain anyone holding on to a person while a nation is failing unless there is something wrong or hidden,” Salam told The Associated Press. | https://www.washingtonpost.com/business/2023/07/31/lebanon-central-bank-raid-salameh-economy/abad224e-2f94-11ee-85dd-5c3c97d6acda_story.html | 2023-07-31T12:15:47 | 1 | https://www.washingtonpost.com/business/2023/07/31/lebanon-central-bank-raid-salameh-economy/abad224e-2f94-11ee-85dd-5c3c97d6acda_story.html |
Just one drink a day can raise blood pressure, study says
(CNN) - Regularly drinking alcohol, even in small amounts, could raise your blood pressure, even in adults without hypertension, according to a new study.
The study says as little as one alcoholic drink increased blood pressure in men and women, including those with no existing blood pressure issues or conditions related to alcohol.
Researchers looked at data from seven studies conducted around the world between 1997 and 2021 involving more than 19,000 adults.
The study found that even less than one drink a day produced a small rise in systolic pressure over an average of five years.
It also found that small amounts of alcohol also raised the lower, or diastolic, blood pressure reading, but only in men.
Copyright 2023 CNN Newsource. All rights reserved. | https://www.cleveland19.com/2023/07/31/just-one-drink-day-can-raise-blood-pressure-study-says/ | 2023-07-31T12:15:49 | 0 | https://www.cleveland19.com/2023/07/31/just-one-drink-day-can-raise-blood-pressure-study-says/ |
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Dalton Rice will get to see more time on the football field this fall, but not the way Bentonville West Coach Bryan Pratt had envisioned it to happen.
The senior will assume the role of starting quarterback when the Wolverines take the field to begin preseason workouts this morning. Rice, the backup to starter Jake Casey last year, took over the starting spot after Casey was advised not to play following an offseason accident.
Rice started in place of an injured Casey against Springdale Har-Ber last year and threw for 382 yards and 4 touchdowns in a 41-28 West victory. He finished the season completing 53 of 89 passes for 751 yards and 9 touchdowns.
"Luckily for us, we have a quarterback that is proven that he can come in and play," Pratt said. "We were actually going to use Dalton some as a tight end because he really has changed physically. He's about 6-foot-2 now and about 205, and he's become stronger and more physical.
"We had to scrap that and say you're our quarterback, and he's really done a good job. He changes our game plan some because he's more of a runner, and that makes it more difficult on defenses. So we're hoping it will go to our advantage, and we'll see what happens."
Pratt said Casey, who might have broken the school's record for career touchdown passes had he been healthy this year, remains on the Wolverines' roster and traveled with the team during camps and 7-on-7 competitions. Pratt foresees using him to possibly signal plays from the sideline as a way to contribute this fall.
Meanwhile, junior Mason Hawkins now assumes the backup quarterback position for the Wolverines and will also see time at receiver when West hits the field, having had less than three weeks of workouts before they play a scrimmage against Owasso, Okla., in Broken Arrow.
"That's one thing we at Bentonville West are used to," Pratt said. "When we first started the program, we had only one quarterback in the whole program. Now we have multiple quarterbacks in each class, so that gives us some help.
"I told our kids that the first day of practice it's put up or shut up. There's no more 'Hey, we're going to do this, this and this. We've got to do this, this and this.' It's going to happen really fast."
West isn't the only one with changes in store when teams begin preseason practice this week. Springdale won't have its first workout until Tuesday, but the Bulldogs will do so with a new offensive scheme in place.
Springdale Coach Brett Hobbs said his team will now utilize the run-heavy Flexbone formation and put the triple option to use. Among the assistant coaches the Bulldogs added during the offseason is new offensive coordinator Bryce Bray, who played and coached at Harding and installed the Flexbone offense.
"Our offensive identity, hopefully, is going to match what our team's identity is and what we've been preaching for the last two years, and that's toughness," Hobbs said. "That's the Red Dog football that I grew up watching and that Springdale is known for, but we've kind of got away from.
"But I think this summer we honed in on that toughness. I think with our offensive style and mentality it's going to bring back that toughness to Springdale football. We're 100 percent dedicated to the Flexbone and the triple option, and we've been excited about how we progressed."
Charleston officially begins defense of its Class 3A state title when the Tigers hit the practice field this morning, but the moniker of "defending state champion" isn't something Coach Ricky May brings up to his team these days.
"When we got our rings, I told them that was over," May said. "It's time to get back, and we're competing like we always do. We don't feel like there's any bigger target on us than there was last year or even any other year. When you've seen the success we've had, even way back in the 1990s, we always feel like we are the hunted.
"That's OK. We try to tell our kids that we're going to have a hunter mentality anyway. I talk to them all the time about being a shark. Sharks get up early, swim around, bite stuff and remind people that they are still sharks."
May said he plans to see 33 players report to today's drills, which is better than the 29 the Tigers had on last year's roster but not the 41 they enjoyed during spring drills. Charleston will also have to deal with some inexperience as the Tigers replace 15 seniors with a group of sophomores.
"We're happy with our team," May said. "We feel like we can be successful. Obviously we don't have the depth we had last year. We thought up front we were really deep last year. We played six kids in two spots on defense, but we don't have that luxury this year. But we do like the kids we have." | https://www.arkansasonline.com/news/2023/jul/31/prep-football-bentonville-west-makes-some/ | 2023-07-31T12:15:52 | 0 | https://www.arkansasonline.com/news/2023/jul/31/prep-football-bentonville-west-makes-some/ |
One of the biggest mistakes you can make when it comes to protecting yourself from financial scams is thinking you’re too smart to be duped by one.
“You look at the profiles of victims who filed complaints and it runs the gamut from highly educated, high-income people all the way down to the most vulnerable people in our population,” says John Breyault, vice president of public policy, telecommunications and fraud at the National Consumers League, a nonprofit advocacy group that speaks out about consumer concerns.
While there isn’t a “foolproof solution to stay safe from all scams,” as Breyault puts it, there are strategies you can employ to reduce your risk. Here are four of the most important ones:
HANG UP AND ‘GO TO THE SOURCE’
If you’re contacted by anyone claiming to be your bank or other familiar company, end the conversation and call the institution’s verified number yourself, Velasquez says. “We always say, ‘If you did not initiate the interaction, then you need to go to the source,’” she adds.
Otherwise, you don’t actually know who’s on the other end of the line, she says, especially because scammers can spoof the number that shows up on your caller ID so it might look legitimate.
In some cases, you might want to pay your bank a visit in person to get clarification. When Thorn Roberts, owner of a small business in Elizabeth, West Virginia, received a payment request he didn’t recognize, he went to his bank to ask about it.
“They knew it was a scam,” he says. As a result, he immediately canceled his accounts and created new ones. Thanks to his quick action and the bank’s help, his money was safe.
SECURE AND MONITOR YOUR ACCOUNTS
Basic online security practices can also help protect you, Velasquez says. She recommends enabling multifactor authentication on your financial accounts, creating unique passwords and not sharing personal details such as your birthdate online.
Jason Zirkle, training director at the Association of Certified Fraud Examiners and former fraud analyst with law enforcement, suggests checking your financial accounts at least once a week and investigating any unidentified charges immediately. Even one small erroneous charge could suggest someone has access to your account, signaling the beginning of a larger problem.
GET FAMILIAR WITH COMMON SCAMS
The Federal Trade Commission reports that the top scams of 2022 include people impersonating institutions like banks, phony sweepstakes and fake job postings. “You don’t have to become an expert in each one, but you need to understand the hallmarks of most scams: They contact you first, dangle some sort of bait in front of you and create a sense of urgency,” Zirkle says. Then, they ask for either money or personal information, which they use to access your money.
That’s what happened to former government executive and security expert Ken Westbrook’s mother earlier this year. A fake tech support window popped up on her computer, which likely came from a malicious ad. It connected her to criminals who persuaded her to call them and send gift cards and cashier’s checks under the guise of protecting her bank accounts from being hacked.
“My mom knew gift cards were a red flag, but she did it anyway because they scared her,” says Westbrook, who lives in the Washington, D.C., area. Eventually, Westbrook discovered what was happening and put a stop to it, but only after his mom lost thousands of dollars.
These scammers “sound like the nicest tech support people that you’ve ever dealt with,” says Chris Pierson, founder and CEO of BlackCloak, a cybersecurity firm. “They install remote management tools to see what’s on your screen and then can suck out your files and extort you.”
REPORT SCAMS AND BE YOUR OWN ADVOCATE
Reporting fraud to government agencies and private organizations allows for better fraud tracking. While there’s no centralized source for fraud tracking, you can report it to the Federal Trade Commission, your state’s attorney general’s office, the FBI, your local police station, your bank’s fraud department, the Better Business Bureau’s Scam Tracker and the Identity Theft Resource Center, among others.
Most people who lose money to scams never see it again. “The first thing you need to do is accept your money is probably gone and you won’t get it back,” Zirkle says. He suggests “being your own advocate” with your bank and police. In some cases, your financial institution or law enforcement might be able to help you recover some or all of it.
Still, some losses are harder to quantify. “In addition to a financial crime, it’s an emotional crime,” Westbrook says. “People are affected by this for the rest of their lives. What I tell everyone, and tell my mom, is, ‘It’s not your fault. The thieves work for organized crime gangs who are very good at what they do.’”
________________________________
This column was provided to The Associated Press by the personal finance website NerdWallet. Kimberly Palmer is a personal finance expert at NerdWallet and the author of “Smart Mom, Rich Mom.” Email: kpalmer@nerdwallet.com. Twitter: @KimberlyPalmer.
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NerdWallet: How to prevent identity theft https://bit.ly/nerdwallet-how-to-prevent-identity-theft | https://www.washingtonpost.com/business/2023/07/31/nerdwallet-stay-safe-scams/858a89e2-2f91-11ee-85dd-5c3c97d6acda_story.html | 2023-07-31T12:15:53 | 0 | https://www.washingtonpost.com/business/2023/07/31/nerdwallet-stay-safe-scams/858a89e2-2f91-11ee-85dd-5c3c97d6acda_story.html |
BEIJING, July 31, 2023 /PRNewswire/ -- 36Kr Holdings Inc. ("36Kr" or the "Company") (NASDAQ: KRKR), a prominent brand and a pioneering platform dedicated to serving New Economy participants in China, today announced the launch of its 36Kr Media Lab in Silicon Valley, an initiative to embrace the large language models (LLM) revolution taking place in the content creation industry and optimize the application of artificial intelligence (AI) for the new economy sector.
36Kr Silicon Valley Media Lab's first project leveraging LLM, "Empty Office," will experimentally explore scenarios where AI can think and work as humans, enhancing content production efficiency and reducing costs. Through "Empty Office," 36Kr is also building innovative media solutions that will transform traditional video, graphic and text communications into avant-garde dialogues between customized AI characters and audiences. These network-based dialogues will be naturally and seamlessly driven by real-time data generation, and available anytime, anywhere.
At the same time, 36Kr Silicon Valley Media Lab continues to focus on tailoring its LLM to the new economy sector. By utilizing dedicated financial and business datasets, including enterprises' financial results, news, market dynamics and knowledge repositories, among other resources, to train its LLM to thoroughly understand and analyze business information, 36Kr has developed a model that keenly grasps the business nuances to generate accurate analysis and interpretation. 36Kr Silicon Valley Media Lab constantly maintains its database, serving as the reference foundation to ensure that its fact-based model produces rigorous and up-to-date business and financial analysis.
Furthermore, 36Kr's professionally-training, fine-tuning capability enables its LLM-empowered "Empty Office" to quickly and efficiently create informative content for the new economy sector. For instance, in the case of a business event, such as a new product launch, an AI agent can instantly extract relevant data from the database, automatically perform a comprehensive analysis, and issue reports within just seconds. This top-speed response gives 36Kr's business and financial-focused media platform an unrivaled edge.
Mr. Dagang Feng, Co-chairman and CEO of 36Kr, commented, "The launch of 36Kr Silicon Valley Media Lab is a testament to our AI technology acumen and vision as well as our commitment to extending media's boundaries. By integrating pioneering AI technology into content creation, 36Kr will constantly elevate the efficiency and quality of content production alongside the rapid advancement of the LLM, fostering a superior content ecosystem encompassing business, finance and technology, further turbocharging the evolution of the New Economy. As we adopt and develop more AI tools amid the technology's rapid advancement, we are strategically positioning the Company to break new ground and ultimately drive long-term growth for our business."
About 36Kr Holdings Inc.
36Kr Holdings Inc. is a prominent brand and a pioneering platform dedicated to serving New Economy participants in China with the mission of empowering New Economy participants to achieve more. The Company started its business with high-quality New Economy-focused content offerings, covering a variety of industries in China's New Economy with diverse distribution channels. Leveraging traffic brought by high-quality content, the Company has expanded its offerings to business services, including online advertising services, enterprise value-added services, and subscription services, to address the evolving needs of New Economy companies and upgrading needs of traditional companies. The Company is supported by a comprehensive database and strong data analytics capabilities. Through diverse service offerings and significant brand influence, the Company is well-positioned to continuously capture the high growth potential of China's New Economy.
For more information, please visit: http://ir.36kr.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's goal and strategies; the Company's future business development, results of operations and financial condition; relevant government policies and regulations relating to our business and industry; the Company's expectations regarding the use of proceeds from this offering; the Company's expectations regarding demand for, and market acceptance of, its services; the Company's ability to maintain and enhance its brand; the Company's ability to provide high-quality content in a timely manner to attract and retain users; the Company's ability to retain and hire quality in-house writers and editors; the Company's ability to maintain cooperation with third-party professional content providers; the Company's ability to maintain relationships with third-party platforms; general economic and business conditions in China; possible disruptions in commercial activities caused by natural or human-induced disasters; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
36Kr Holdings Inc.
Investor Relations
Tel: +86 (10) 8965-0708
E-mail: ir@36kr.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: 36Kr@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: 36Kr@tpg-ir.com
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SOURCE 36Kr Holdings Inc. | https://www.cleveland19.com/prnewswire/2023/07/31/36kr-launches-silicon-valley-media-lab-empower-content-ecosystem-with-llm-based-ai-technology/ | 2023-07-31T12:15:55 | 1 | https://www.cleveland19.com/prnewswire/2023/07/31/36kr-launches-silicon-valley-media-lab-empower-content-ecosystem-with-llm-based-ai-technology/ |
HOUSTON, July 31, 2023 /PRNewswire/ -- AutomationEdge, a leading Hyperautomation platform has announced strategic partnership with eAlliance Corp, a cutting-edge Hyperautomation solutions provider.
The partnership will enable eAlliance Corp to provide AutomationEdge solutions such as CogniBot - a conversational AI platform, DocEdge - an intelligent document processing platform, Intelligent Service Desk Ticket Data Analysis, IT Process Automation (ITPA) and RPA. This collaboration will empower AutomationEdge and eAlliance Corp to help customers innovate with automation to move the needle on the top and bottom line.
AutomationEdge, along with its Hyperautomation platform, has also build the ready automation solutions across industries. It will help customers achieve faster Go-To-Market for automation projects with lower cost. It is empowering 250+ customers globally in Healthcare, Banking, Insurance, Financial Services and other industries.
For over 20 years, eAlliance Corp has been delivering technology solutions to businesses worldwide across industries. It has been a trusted advisor to its customer in innovation, strategy and execution of automation solutions. Through this partnership, eAlliance will be able to offer innovative business process automation solutions to customers focusing on key enterprise domains such as finance & accounting, customer service, procurement, human resources, cash applications and more.
About AutomationEdge
AutomationEdge is a leading Hyperautomation platform across the globe with end-to-end automation capabilities. With its platforms working together as one solution, it has enabled seamless process automation for global enterprises.
AutomationEdge has already delivered its innovative solutions to large multinational organizations like American Express, Smart Dubai Government, Wipro, AccentCare, Danone, University of Maryland Medical System, Aspen Pharmacare, Oman LNG, Mashreq Bank, HDFC Bank, and Genpact, to name a few.
For more details, contact sales or request a demo.
About eAlliance Corp
eAlliance Corp is a professional services firm with big company expertise and small company relationships, taking pride in agility and real-time responsiveness. eAlliance Corp is a trusted name in the Hyperautomation industry, offering comprehensive services and solutions to help businesses achieve their automation goals with ease. Founded in 2002 in Chicago, IL, staffed with resources in the US and India possessing vast experience and leadership in business and technology.
For more details, visit website.
For media inquiries, please contact:
Rahul Wandile
Media Relations – AutomationEdge
rahul.wandile@automationedge.com
www.automationedge.com
Follow AutomationEdge on: Twitter, Facebook, LinkedIn, and YouTube
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SOURCE AutomationEdge | https://www.cleveland19.com/prnewswire/2023/07/31/automationedge-ealliance-corp-announced-partnership-hyperautomation-solutions/ | 2023-07-31T12:15:57 | 1 | https://www.cleveland19.com/prnewswire/2023/07/31/automationedge-ealliance-corp-announced-partnership-hyperautomation-solutions/ |
SPRINGDALE -- Springdale Har-Ber has won the last three Class 6A girls golf state titles, and the Lady Wildcats hope to get a fourth in 2023 on their home course.
Springdale Country Club will host the Class 6A state girls golf tournament on Sept. 26-27.
Several of the 6A-West Conference teams hope to get a sneak peak of things to come today when Har-Ber hosts the Lady Wildcat Invitational to kick off the start of high school golf season.
"It's always a fun event because you get a little preview of what everybody has," said Har-Ber golf Coach Tim Rippy. "It's a fun event to start the year with a full 18-hole event. We're hosting the state tournament, so it gives all the kids a chance to see the course. Most won't see it again until the practice round of the state tournament."
Eight teams are scheduled to play in today's event, which is scheduled to begin at 9 a.m. with a shotgun start. Other teams participating are defending Lady Wildcat Invitational champion Rogers Heritage, Rogers High, Bentonville High, Bentonville West, Springdale High, Fayetteville and Class 4A member Farmington.
Rippy said he hopes it will be an 18-hole event, but the extreme heat temperatures could be a factor.
"Hopefully we can get everybody off by 9 o'clock and get done before it gets too bad," Rippy said.
Har-Ber will be without its top golfer senior Charlie Whorton, a three-time all-state selection, who is competing at a tournament in Branson.
Whorton, who finished sixth in last year's state tournament, is expected to lead the Lady Wildcats. Alexa Burkett also returns from last year's state team.
"We do have a lot of new faces this year," Rippy said. "I'm excited to see how they do in competition because we're going to need some of those kids to step up and help us."
Other returning top golfers in the conference include Fayetteville's Elizabeth Lim, who was fifth individually at state last year and another three-time all-state selection.
"She's been our No. 1 probably since she joined the program her ninth-grade year," Fayetteville Coach Scott Williams said. "She's been that good. Hopefully she can lead us to where we're wanting to go. She's definitely got the tools for it."
Fayetteville also returns seniors Beth Sego and Olivia Council and junior Drew Mizanin.
"I've got four of my five from state tournament last year coming back," Williams said. "We're hoping experience will pay off."
Junior Luciana Suarez and sophomore Chloe Comstock are among the top returners for Bentonville High. Lady Tigers Coach Lindsey Davis said freshman Grace Abbruzzese also will factor in.
Bentonville (515) and Fayetteville (517) finished second and third respectively to Har-Ber (510) in the final team scoring at state last year.
After the first day of the state tournament, which doubles as the conference tournament, it was even closer as Har-Ber won the 6A-West Conference title by one stroke, edging out Fayetteville at 256 and Bentonville 258.
"It is a super, super competitive conference," Rippy said. "It is unbelievable how close it has been."
Bentonville West finished fourth in the 6A-West last year and returns top golfers Tatum Potts, Elle Cozad and Madison Bell.
Rogers Heritage returns a senior group led by Mackenzie Reeves, Maggie Nickel and Aubri Martin. Nickel and Martin both placed in the top four of the Lady Wildcat Invitational last year.
Rogers High, meanwhile, has four freshmen at the top of its lineup in Avery Allen and triplet sisters Anna Scudder, Elizabeth Scudder and Kate Scudder.
Springdale High's Aubrey Justice returns as a senior after finishing 15th in the state last year.
"We know that most years that come and go, the West is going to be very competitive for a state championship in the girls," Williams said. "It's panned out that way for the last few years for sure and I think it's going to be that way again this year." | https://www.arkansasonline.com/news/2023/jul/31/prep-golf-springdale-har-ber-looking-for-fourth/ | 2023-07-31T12:15:58 | 1 | https://www.arkansasonline.com/news/2023/jul/31/prep-golf-springdale-har-ber-looking-for-fourth/ |
Marc Tessier-Lavigne, an internationally known neuroscientist, recently resigned as president of Stanford University after an investigation determined he had failed to correct errors in years-old scientific papers, and that labs he led had an unusual number of instances of manipulated data.
How scientists work to correct the record when there is an error in a paper
Probe of Stanford president shows how people and institutions work to safeguard science
A panel of scientific experts — convened as part of an inquiry sparked by reporting in the Stanford Daily — concluded that Tessier-Lavigne did not falsify scientific data or engage in research misconduct and did not find any evidence that he knew of problems in the papers before they were published.
Still, the case highlighted the role that journals play in the scientific record and in public understanding of science — and raised questions about the process for correcting that record when things go awry. | https://www.washingtonpost.com/education/2023/07/31/stanford-president-science-journal-retractions/ | 2023-07-31T12:15:59 | 1 | https://www.washingtonpost.com/education/2023/07/31/stanford-president-science-journal-retractions/ |
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People's Rep'c of Guinea-Bissau, Republic of Guyana, Republic of Heard and McDonald Islands Holy See (Vatican City State) Honduras, Republic of Hong Kong, Special Administrative Region of China Hrvatska (Croatia) Hungary, Hungarian People's Republic Iceland, Republic of India, Republic of Indonesia, Republic of Iran, Islamic Republic of Iraq, Republic of Ireland Israel, State of Italy, Italian Republic Japan Jordan, Hashemite Kingdom of Kazakhstan, Republic of Kenya, Republic of Kiribati, Republic of Korea, Democratic People's Republic of Korea, Republic of Kuwait, State of Kyrgyz Republic Lao People's Democratic Republic Latvia Lebanon, Lebanese Republic Lesotho, Kingdom of Liberia, Republic of Libyan Arab Jamahiriya Liechtenstein, Principality of Lithuania Luxembourg, Grand Duchy of Macao, Special Administrative Region of China Macedonia, the former Yugoslav Republic of Madagascar, Republic of Malawi, Republic of Malaysia Maldives, Republic of Mali, Republic of Malta, Republic of Marshall Islands Martinique Mauritania, Islamic Republic of Mauritius Mayotte Micronesia, Federated States of Moldova, Republic of Monaco, Principality of Mongolia, Mongolian People's Republic Montserrat Morocco, Kingdom of Mozambique, People's Republic of Myanmar Namibia Nauru, Republic of Nepal, Kingdom of Netherlands Antilles Netherlands, Kingdom of the New Caledonia New Zealand Nicaragua, Republic of Niger, Republic of the Nigeria, Federal Republic of Niue, Republic of Norfolk Island Northern Mariana Islands Norway, Kingdom of Oman, Sultanate of Pakistan, Islamic Republic of Palau Palestinian Territory, Occupied Panama, Republic of Papua New Guinea Paraguay, Republic of Peru, Republic of Philippines, Republic of the Pitcairn Island Poland, Polish People's Republic Portugal, Portuguese Republic Puerto Rico Qatar, State of Reunion Romania, Socialist Republic of Russian Federation Rwanda, Rwandese Republic Samoa, Independent State of San Marino, Republic of Sao Tome and Principe, Democratic Republic of Saudi Arabia, Kingdom of Senegal, Republic of Serbia and Montenegro Seychelles, Republic of Sierra Leone, Republic of Singapore, Republic of Slovakia (Slovak Republic) Slovenia Solomon Islands Somalia, Somali Republic South Africa, Republic of South Georgia and the South Sandwich Islands Spain, Spanish State Sri Lanka, Democratic Socialist Republic of St. Helena St. Kitts and Nevis St. Lucia St. Pierre and Miquelon St. Vincent and the Grenadines Sudan, Democratic Republic of the Suriname, Republic of Svalbard & Jan Mayen Islands Swaziland, Kingdom of Sweden, Kingdom of Switzerland, Swiss Confederation Syrian Arab Republic Taiwan, Province of China Tajikistan Tanzania, United Republic of Thailand, Kingdom of Timor-Leste, Democratic Republic of Togo, Togolese Republic Tokelau (Tokelau Islands) Tonga, Kingdom of Trinidad and Tobago, Republic of Tunisia, Republic of Turkey, Republic of Turkmenistan Turks and Caicos Islands Tuvalu Uganda, Republic of Ukraine United Arab Emirates United Kingdom of Great Britain & N. Ireland Uruguay, Eastern Republic of Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Viet Nam, Socialist Republic of Wallis and Futuna Islands Western Sahara Yemen Zambia, Republic of Zimbabwe | https://www.gjsentinel.com/sports/six-time-runner-up-wins-western-slope-triple-play-open/article_10ef2964-2f2b-11ee-9f1f-93902de7b8af.html | 2023-07-31T12:16:03 | 1 | https://www.gjsentinel.com/sports/six-time-runner-up-wins-western-slope-triple-play-open/article_10ef2964-2f2b-11ee-9f1f-93902de7b8af.html |
Impact "much bigger than a single project"
WAYNESBORO, Ga., July 31, 2023 /PRNewswire/ -- Bechtel, the engineering, procurement, and construction company brought in to complete construction on new Units 3 and 4 at the Vogtle nuclear power plant in Georgia, today issued the following statement from Brendan Bechtel, Bechtel Chairman and CEO, marking the start of commercial operations for Unit 3:
"We are extremely proud of Bechtel's part in achieving this milestone. Our team has been 100 percent committed to Vogtle's completion since being brought in to finish the project.
"Today's start of commercial operations for Vogtle Unit 3 gives the Southeast a major new source of clean, reliable, carbon-free baseload energy. And, as the first new nuclear unit built in the U.S. in more than 30 years, it helps put America back on the map as a leader in the global nuclear industry.
"Bechtel has supported the design and construction of 150 nuclear plants worldwide. We know firsthand how Vogtle Units 3 and 4 go a long way in restoring America's muscle memory in nuclear construction, including the workforce and domestic supply chains required to build America's largest nuclear power plant. Vogtle Unit 3 comes online at a pivotal time when energy security concerns and the need to cut carbon emissions are driving growth in the world's nuclear fleet.
"Plant Vogtle will generate more carbon-free electricity yearly than any other energy facility currently operating in the country. Its completion reinforces that the United States is the responsible partner of choice for new nuclear energy around the world, and maintains U.S. interests in ensuring strong safety, security, and non-proliferation standards. This is why Vogtle's impact is much bigger than a single project.
"Thank you to the thousands of skilled craft professionals, union partners, engineers, project managers, procurement experts, suppliers, subcontractors, and everyone who made this day possible. And thank you to Georgia Power and Southern Nuclear for the opportunity to bring this project over the finish line. We look forward to doing the same with Unit 4 in the coming months."
Background
In 2017, Bechtel was brought in by Georgia Power and Southern Nuclear to take over construction of Vogtle Units 3 and 4, bringing extensive experience supporting the design and construction of 150 nuclear plants worldwide. Vogtle Units 3 and 4 are the first Westinghouse AP1000 units to ever be built in the U.S.
Bechtel has completed more than 76,000 megawatts of new nuclear generation capacity and has designed, built, or performed engineering and/or construction services on more than 80% of nuclear plants in the United States. Today, the company leads efforts in designing and constructing advanced nuclear plants, critical to global efforts to achieve net zero carbon emissions.
Bechtel partnered with North America's Building Trades Unions (NABTU) to build Plant Vogtle Units 3 and 4. At peak, Bechtel and NABTU had a combined 9,000 workers on site.
About Bechtel
Bechtel is a trusted engineering, construction, and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers' objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world's infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place.
Bechtel serves the Energy; Infrastructure; Manufacturing & Technology; Mining & Metals; and Nuclear, Security & Environmental markets. Our services span from initial planning and investment through start-up and operations. www.bechtel.com
Contact:
Amanda Meixel
ammeixel@bechtel.com
M: 1-706-360-5526
P: 1-703-429-6313
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SOURCE Bechtel | https://www.cleveland19.com/prnewswire/2023/07/31/bechtel-commercial-operations-vogtle-unit-3-is-an-important-milestone-us-nuclear-industry/ | 2023-07-31T12:16:04 | 1 | https://www.cleveland19.com/prnewswire/2023/07/31/bechtel-commercial-operations-vogtle-unit-3-is-an-important-milestone-us-nuclear-industry/ |
SILOAM SPRINGS -- The married couple of Tristan Fischl and Emily Hallgren moved to Siloam Springs about two years ago, bringing their enjoyable brand of entertaining music to various venues throughout the city.
"We've played at the open mic at the The Park House several times, and we did the Home Grown Festival last October here in town," said Hallgren, one-half of the duo Young & Gray. "We actually moved from Chicago about two years ago. That's where we started playing as a band. We played farmers markets and a lot of neighborhood events there. We're still finding our footing here."
Young & Gray performed under a small tent on a very hot Saturday morning recently at the Siloam Springs Farmers Market with Hallgren on stand-up bass and Fischl on guitar. Both provide the vocals on the songs they play, which include covers of other artists' songs and their own original compositions.
"We started off writing original compositions and then started doing covers for performances," Fischl said, "but in our performances now we play both originals and covers."
Hallgren said the duo works together on the original tunes, with one writing the lyrics and the other adding the music.
"We write a lot of our original music," Hallgren said. "The way we usually do it is that I will write the lyrics, and then I'll give them to Tristan, and he will come up with the musical composition to go with it. That's usually how it goes. Sometimes we change it up a little bit, but for the most part, that's how we do it."
Young & Gray entered a national program sponsored by National Public Radio and will soon be featured along with two other Arkansas bands on a smaller version of the contest sponsored by NPR Arkansas.
"We entered the NPR Tiny Desk Concert this year, so on YouTube you can find our entry," Hallgren said.
She said the song is titled "2,000 Degrees in Arkansas" and can be found under the duo's name of Young & Gray.
Hallgren added the band is "still working on getting tracks on Spotify" but can be found on Facebook and Instagram.
"Our Facebook page is Young & Gray and on Instagram it's weareyoungandgray," she said. "We post on Instagram more these days."
Both said even though the temperatures at the recent farmers market performance were hot, it was still an enjoyable experience.
"Thanks for coming out," Hallgren told one audience member. "We appreciate your support." | https://www.arkansasonline.com/news/2023/jul/31/singing-through-the-heat/ | 2023-07-31T12:16:04 | 0 | https://www.arkansasonline.com/news/2023/jul/31/singing-through-the-heat/ |
LINCOLNTON, N.C. — Six migrant workers were intentionally hit by an SUV in a Walmart parking lot in North Carolina on Sunday, police said.
Police are asking the public for help identifying the driver and the vehicle, described as an older model black sport utility vehicle with a luggage rack. | https://www.washingtonpost.com/national/2023/07/31/migrant-workers-hit-north-carolina/fe2c0a94-2f99-11ee-85dd-5c3c97d6acda_story.html | 2023-07-31T12:16:05 | 0 | https://www.washingtonpost.com/national/2023/07/31/migrant-workers-hit-north-carolina/fe2c0a94-2f99-11ee-85dd-5c3c97d6acda_story.html |
NEW YORK, July 31, 2023 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC) ("BGC"), a leading global brokerage and financial technology company, today announced the addition of a Weather Derivatives Team with the hire of Nicholas and Eric Ernst. Nicholas joins the firm as Managing Director, BGC Weather Derivatives while Eric joins as Weather Broker.
John Abularrage, Co-Global Head of Financial Services Brokerage, commented on today's announcement, "We are excited to welcome Nicholas and Eric to BGC. They bring with them almost three decades of invaluable experience in the weather derivatives and climate risk transfer space. With these new hires, BGC now operates the premier weather and climate derivatives desk in the industry."
Nicholas Ernst brings with him over 20 years of experience in the weather derivatives and risk transfer space. Prior to joining BGC, he served as Managing Director, Weather Markets at ICAP. Additionally, Nicholas spent time in similar roles at OTC Global and Evolutions Markets.
Before joining BGC, Eric Ernst served as a Weather Broker at ICAP. Prior to that, Eric held various roles at Choice Energy and spent three years in the renewable energy sector.
About BGC Group, Inc.
BGC Group, Inc. ("BGC") began trading on Nasdaq at the market opening on July 3, 2023, under the new ticker symbol "BGC", following the corporate conversion of its predecessor BGC Partners, Inc. (formerly Nasdaq: BGCP). BGC is a leading global brokerage and financial technology company. BGC, through its various affiliates, specializes in the brokerage of a broad range of products, including Fixed Income (Rates and Credit), Foreign Exchange, Equities, Energy and Commodities, Shipping, and Futures. BGC, through its various affiliates, also provides a wide variety of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services to a broad range of financial and non-financial institutions. Through its brands, including Fenics®, FMX™, FMX Futures Exchange™, Fenics Markets Xchange™, Fenics Digital™, Fenics UST™, Fenics FX™, Fenics Repo™, Fenics Direct™, Fenics MID™, Fenics Market Data™, Fenics GO™, Fenics PortfolioMatch™, BGC®, BGC Trader™, kACE2™, and Lucera®, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. BGC, BGC Group, BGC Partners, BGC Trader, GFI, GFI Ginga, CreditMatch, Fenics, Fenics.com, FMX, Sunrise Brokers, Poten & Partners, RP Martin, kACE2, Capitalab, Swaptioniser, CBID, Caventor, LumeMarkets and Lucera are trademarks/service marks and/or registered trademarks/service marks of BGC and/or its affiliates.
BGC's customers include many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms. BGC's Class A common stock trades on the Nasdaq Global Select Market under the ticker symbol "BGC". BGC is led by Chairman of the Board and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcg.com. You can also follow BGC at https://twitter.com/bgcgroupinc, https://www.linkedin.com/company/bgc_group and/or http://ir.bgcg.com.
Discussion of Forward-Looking Statements about BGC
Statements in this document regarding BGC that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, BGC undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Media Contact:
Karen Laureano-Rikardsen
+1 212-829-4975
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SOURCE BGC Group, Inc. | https://www.cleveland19.com/prnewswire/2023/07/31/bgc-group-hires-nicholas-eric-ernst-launch-weather-derivatives-desk/ | 2023-07-31T12:16:10 | 0 | https://www.cleveland19.com/prnewswire/2023/07/31/bgc-group-hires-nicholas-eric-ernst-launch-weather-derivatives-desk/ |
A roughly 60-mile trail from Little Rock to Hot Springs has been a dream for residents and local officials for years, but top county executives say they hope to begin construction on the pathway within half a year.
Citizens in Saline County hope the project, alongside an effort to refurbish a historic bridge that played a recurring role in the 1996 movie "Sling Blade," will promote well-being and economic development across the area.
The trail system will begin at Little Rock Central High School in Pulaski County, run over the Old River Bridge in Saline County and end at Hot Springs National Park in Garland County. It roughly follows the Natchitoches Trace and Military Road, historic paths that were part of a network of routes once known as the "Southwest Trail." This older trail network connected the mid-Mississippi River Valley to the Red River Valley, according to the Encyclopedia of Arkansas.
While the historic system was traveled by walking, on horseback and by wagon, cyclists and joggers are likely to be among those most often seen along the new trail, once it's completed. An executive summary for the Central Arkansas Regional Greenways Plan, of which the Southwest Trail will be a part, states the latter is the "first long-distance trail effort in Central Arkansas."
Saline County Judge Matt Brumley said the trail will stretch across over 20 miles of his county, which he believes makes it the longest portion of the trail when compared with those in Pulaski and Garland counties.
The system will provide residents and others with a path that is easy to access, easy to travel and will be safe, he said. Spurs branching off the main trail would provide options for reaching into population centers, such as Benton, Alexander and Bauxite. One planned in the county will lead to downtown Benton, with its historic courthouse, a museum that is said to be the world's only building made out of bauxite, and a collection of restaurants, shops and boutiques.
The result will bolster commerce in these cities and communities, according to Brumley.
Bill White, the owner of White's Furniture in downtown Benton, said he was excited to hear about the plan.
"I think it'll put new life in the town," he said.
White said he believes older parts of Benton, such as the downtown area where the spur will run, are especially likely to benefit.
The spur will break off from the main trail at the Old River Bridge, an old span that once crossed the Saline River. Restoration of the bridge, a historic landmark, has also been a yearslong project.
William Lockhart, known as the first white man to settle in Saline County, built a bridge there in 1831. In 1891 another bridge, now known as the Old River Bridge, was put in its place. Malvern native and actor, writer and director Billy Bob Thornton featured the bridge in "Sling Blade."
White, who owned the land around the bridge, donated the span. It was dismantled and sent to be refurbished in 2018. When the Old River Bridge is put back into place it will be the oldest bridge in Arkansas in its original location, according to Brumley.
The county judge said he believes the entirety of the trail, extending from one national park to another, will draw visitors from across the U.S. and, possibly, internationally.
Brumley recalled that, during a visit with other members of MetroPlan to the 40-mile Razorback Greenway in Northwest Arkansas, they stopped at a coffee shop along the trail and met a group of cyclists. He thought they were in town for an event hosted by Walmart. Instead, he discovered they planned their vacation around visiting the greenway.
"It just kind of struck me that here's a group of people that could have traveled anywhere in the world with their passports, and they came to Northwest Arkansas because of its trail system," he said. "What will that mean for Central Arkansas when it's complete?"
CYCLISTS
Paige Halpain, a BMX rider in Saline County, is part of a group that meets every Wednesday at a church that was once the site of an old skating rink and sets out on rides. One of the group's goals is to establish a community of area cyclists, as well as to increase the number of children and older adults who take up the activity.
She said the Southwest Trail would help "bring bicycling to Benton" and other areas.
Having a nearby system would mean cyclists like her would no longer have to travel to Bentonville or Little Rock to find quality trails.
"Little Rock is the closest place that has trails for mountain bikers and all other cyclists," she said.
Halpain's 2-year-old daughter has started riding a bike, a tiny one that "doesn't even have pedals on it," she said. "It'll be nice to be able to take her close and have a safe spot to ride."
The cyclist also said she thinks the trail system would support local businesses.
"We ride hard, and after we ride hard we like to eat," Halpain said, speaking about cyclists at large. "And there's so many great places in downtown Benton to eat. I think it's going to help those businesses as well."
Small businesses that don't serve food are also likely to benefit from visitors who come from out of the area to ride the trails, she said. Driving through towns in order to reach trailheads, for instance, means being more likely to learning about shops a visitor might otherwise be unaware of.
The counties are in a prime position to benefit from the development of the network, due in part to their low cost of living, said Dan Lynks, cyclist and president of the Friends of the Southwest Trail. Such networks can play a role in convincing potential jobseekers to move to the area.
"It's all about building livable communities," he said. "People want to live where they can have recreation out their back door."
Lynks cited the Razorback Greenway and the Arkansas River Trail as "proofs of concept."
A study published in May by the University of Arkansas Sam M. Walton College of Business Center for Business & Economic Research states, "the bicycling ecosystem in Northwest Arkansas generates an economic impact of $159 million."
When the River Trail and Big Dam River Bridge were proposed, the projects faced opposition that wanted to put the money toward other efforts, according to Lynks.
"Now we have bicycle traffic jams every weekend," he said.
TRAIL PROGRESS
Much of the planning phase for the trail in Saline County is complete, said Brumley, who hopes at least one section of the path can be used by residents and visitors next year.
The trail is divided into 117 segments. Saline County will be responsible for 40 of them, Brumley said. Officials there are hopeful that construction on their portions of the trail will begin within the next six months, he said.
The first segment of the trail to be developed in Saline County will stretch from Germania Road in Alexander to the border with Pulaski County, according to Brumley. It's also expected to be the longest. He said that over 80% of the sections easements and right-of-ways have been satisfied, and that construction is likely to begin in January of next year.
"It's my hope there's going to be a walkable section of that trail from Germania all the way to Pulaski County in 2024," he said.
Pulaski County officials plan to begin at the border as well, working from there and moving toward Little Rock. Their first section, which reaches from the Saline County line to Hilaro Springs Road in southeast Little Rock, has been released for bids, according to Pulaski County Judge Barry Hyde. It will be about four miles in length, he said.
The next section, from Hilaro Springs Road to Baseline Road, is in the final design stages, according to Hyde.
Pulaski County officials are acting as the lead on the project, though Saline County has been "really, really active in this process," he said.
Brumley, who became Saline County Judge at the beginning of this year, said he began his time in the role "in the thrall of a very dynamic project."
The requirements for the Southwest Trail to be successful are high, according to the county judge. The project demands cooperation between Saline, Pulaski and Garland counties while finding funding where available and communicating with landowners and community members about its progress.
The effort to develop the Southwest Trail has been going on for nearly a decade. Hyde said that design on the system began about eight-and-a-half years ago, funded through federal land management grants. In April 2018, North Little Rock-based engineering firm Garver LLC was selected to design the route.
Though the arrival of the covid pandemic in Arkansas in March 2020 slowed progress on the trail, the Army Corps of Engineers approved a permit for the entirety of the system within the past couple of months, according to Hyde.
The three counties are sharing the design expenses, though each county is paying for the construction of their portions of the pathway themselves, he said.
The Southwest Trail will become part of the larger Southwest Corridor, itself a crucial arm of the Central Arkansas Regional Greenways Plan. A technical report on the Regional Greenways Plan estimates the cost to develop the section in Saline County will cost about $47.3 million. Brumley, however, said the actual cost could vary significantly.
Much of the money to fund the trail is expected to come from the federal government, according to the county judge. Brumley said the funds will be put to work in a manner that will provide the county's citizens with something to enjoy while also generating tax dollars from visitors who come to ride the trail from elsewhere.
"We'll be able to do that with tax dollars that have already been paid from a federal perspective and are coming back home to help generate local tax dollars from visitors so that the place they call home is a better place to live." | https://www.arkansasonline.com/news/2023/jul/31/southwest-trail-construction-will-start-within-6/ | 2023-07-31T12:16:10 | 1 | https://www.arkansasonline.com/news/2023/jul/31/southwest-trail-construction-will-start-within-6/ |
LOS ANGELES — This year would have been Whitney Houston would have turned 60, and a special celebration to raise money for a good cause is being planned for her birthday.
Houston’s close friends BeBe Winans and Kim Burrell will perform at the gala at Atlanta’s St. Regis Hotel, as will Whitney’s brother, Gary, who toured with her for three decades.
“When I turned 50, Whitney gave me two celebrations — one in Ireland and one in London. I always tell everyone now that one of them was for her,” says Pat Houston, Whitney Houston’s sister-in-law and the executor of her estate. Houston died in February 2012 at age 48. “This year is Whitney at 60 — we’re all looking forward to being a part of the power of love in that room.”
Founded by the singer in 1989, the Whitney Houston Foundation for Children aims to empower youth, by providing resources to unhoused children, giving out college scholarships, and raising funds for charities like the Children’s Defense Fund and St. Jude Children’s Research.
A charity auction will raise money for the foundation.
“We’re going to auction off a beautiful lavender dress Dolly Parton wore when she sang ‘I Will Always Love You’ at Country Music Television’s ‘100 Greatest Love Songs of Country Music’ special in 2004,” says Pat Houston. “This dress is particularly special because it’s lavender, and lavender is Whitney’s favorite color.”
The song, originally written by Parton, was recorded by Houston and became one of her great, everlasting hits. The Recording Industry Association of America (RIAA) certified it diamond early last year, which means the track has sold and streamed 10 million equivalent units in the United States. It became her first diamond single, and made Houston the third woman to ever achieve diamond-status with both a single and an album, following Mariah Carey and Taylor Swift.
Clive Davis will serve as honorary chairman. Recording Academy President Harvey Mason jr. is scheduled to attend. Also expected are Gamma’s Larry Jackson and Whitney Houston’s musical director Rickey Minor.
“I always tell people, Whitney is the star,” Pat Houston said. “Everybody in that room is royalty, but she’s loyalty — and she’s still showing that.” | https://www.washingtonpost.com/national/2023/07/31/whitney-houston-estate-foundation-gala/f76575ce-2f99-11ee-85dd-5c3c97d6acda_story.html | 2023-07-31T12:16:11 | 1 | https://www.washingtonpost.com/national/2023/07/31/whitney-houston-estate-foundation-gala/f76575ce-2f99-11ee-85dd-5c3c97d6acda_story.html |
FAYETTEVILLE -- Student success is one of three strategic priorities for the University of Arkansas, Fayetteville, and faculty, staff and students were able...
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Caroline Wahlgreen (left), administrative assistant at the University of Arkansas Institute for Integrative and Innovative Research, speaks with visitors Thursday, July 27, 2023, during a show and tell for high-impact practices available to the campus community inside the Cordia Harrington Center for Excellence on the university campus in Fayetteville. Visit nwaonline.com/photo for today's photo gallery.
(NWA Democrat-Gazette/Andy Shupe)
Print Headline: UA-Fayetteville getting HIP for student success
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- Cash, cash equivalents, and marketable securities totaled $349.0 million as of June 30, 2023
- Announced positive interim data from BHV-7000 EEG biomarker study demonstrating evidence of central nervous system (CNS) target engagement, confirming previously reported preclinical and clinical data, and highlighting the paradigm-changing potential of BHV-7000 in the treatment of epilepsy and mood disorders
- Brain penetrant TYK2/JAK1 inhibitor, BHV-8000, advanced into Phase 1 with projected therapeutic concentrations achieved and well-tolerated profile observed to date
- Advanced targeted extracellular protein degradation platform with potential to support numerous clinical candidates across a broad range of high unmet need indications
- Orphan drug designation (ODD) granted by the European Commission for taldefgrobep alfa a novel anti-myostatin adnectin, for the treatment of spinal muscular atrophy (SMA)
- Type A meeting planned with FDA regarding troriluzole program in Spinocerebellar Ataxia Type 3 (SCA3) and enrollment in Phase 3 obsessive compulsive disorder (OCD) trial expected to complete at end of 2023
NEW HAVEN, Conn., July 31, 2023 /PRNewswire/ -- Biohaven Ltd. (NYSE: BHVN) (Biohaven or the Company), a global clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of life-changing therapies to treat a broad range of rare and common diseases, today reported financial results for the second quarter ended June 30, 2023, and provided a review of recent accomplishments and anticipated upcoming milestones.
Vlad Coric, M.D., Chairman and Chief Executive Officer of Biohaven, commented, "In less than a year since our spin-off, the Biohaven team has driven strong and consistent progress across multiple drug development platforms. We were excited to recently report positive interim data from the ongoing EEG biomarker study of our lead Kv7 activator, BHV-7000. As expected, BHV-7000 demonstrated CNS activity consistent with what has been reported in EEG studies with other Kv7 channel activators in development that are clinically effective in treating epilepsy and with other approved anti-seizure medications. Importantly, BHV-7000 demonstrates CNS target engagement but is not associated with the typical CNS adverse events associated with other ASMs, like somnolence and fatigue. We look forward to completing the higher dose groups in this EEG study and initiating Phase 2/3 studies with our once daily, extended-release oral formulation later this year."
Dr. Coric continued, "We also shared a number of equally exciting announcements across our broader pipeline this quarter. We successfully administered the first three doses in the SAD portion of our ongoing SAD/MAD study evaluating BHV-8000, an oral, brain-penetrant, dual TYK2/JAK1 inhibitor. Potential therapeutic concentrations of BHV-8000 were achieved and BHV-8000 was well tolerated with only mild adverse events reported, reinforcing our plans to start a Phase 2 clinical trial with BHV-8000 in Parkinson's disease and potentially other neuroinflammatory diseases in 2024. In addition, we have advanced IND enabling preclinical studies and remain on track to submit an IND with our IgG degrader, BHV-1300, later this year. We also anticipate submitting an IND with our IgA degrader in 2024 as we continue to advance multiple clinical degrader candidates across a wide range of indications. We also shared key updates for our taldefgrobep alfa program (an anti-myostatin) with enrollment completion in our pivotal study in SMA and a planned Phase 2 trial initiation in obesity."
"Finally, I want to reaffirm Biohaven's commitment to the SCA3 patient community in spite of the recent disappointing regulatory decision by the FDA not to review our submitted NDA. Given the seriousness of SCA3 and consistent treatment benefits observed across multiple prespecified outcome measures, including an 80% delay in disease progression over the one-year study period with substantial risk reduction in falls, we believe that full consideration of all available data is warranted for this ultra-rare disease. Biohaven has built its foundation around our patient mission and we plan to continue to work with regulatory agencies to try to advance troriluzole for individuals suffering from SCA3."
Second Quarter 2023 and Recent Business Highlights
- Announced positive interim data from EEG biomarker study with BHV-7000 - In July 2023, the Company provided a preliminary data update from the ongoing electroencephalogram (EEG) biomarker study for the Kv7 Channel Activator platform. Preliminary Phase 1 data confirmed evidence of target engagement in the central nervous system for subjects with projected therapeutic concentrations of BHV-7000 (based on the EC50 from preclinical models), measured by changes from baseline in EEG spectral power that occurred after dosing. These pharmacodynamic (PD) effects were similar to those reported in the literature for anti-seizure medicines (ASMs), including Kv7 activators in development that are clinically effective in treating epilepsy. BHV-7000's PD effects were also differentiated from those reported for other Kv7 activators including, specifically, the absence of increases in EEG spectral power in frequency bands associated with drowsiness and somnolence. Results from the low-dose group validate the preclinical hypothesis, confirm the Phase 1 SAD/MAD clinical data, and provide strong support for Biohaven's plans to initiate pivotal studies with BHV-7000 in focal epilepsy and bipolar disorder in the second half of 2023. The preliminary data highlight BHV-7000's differentiation and potentially favorable clinical profile compared to other ASMs, and the Company expects to present the complete EEG results by the end of the year. Additionally, new pharmacokinetic data from multiple clinical formulations being studied has now confirmed a once daily extended-release oral formulation that will be used in the Phase 2/3 clinical programs.
- Successfully dosed three cohorts with single ascending doses of oral, brain penetrant, dual TYK2/JAK1 agent, BHV-8000 - In July 2023, the Company announced that it successfully dosed three cohorts in the SAD portion of an ongoing SAD/MAD Phase 1 study evaluating brain penetrant TYK2/JAK1 agent, BHV-8000 in healthy volunteers. The ongoing Phase 1 study is designed to evaluate the safety, tolerability, pharmacokinetics (PK) and PD of single and multiple ascending doses of BHV-8000 in healthy volunteers. Based on the preliminary data available, projected therapeutic concentrations of BHV-8000 were achieved, and BHV-8000 was well tolerated with only mild adverse events reported. These data provide support for further development of BHV-8000, and the Company anticipates beginning a Phase 2 clinical trial with BHV-8000 in Parkinson's disease and potentially other neuroinflammatory diseases in 2024. The Company had previously reported initiation of dosing with BHV-8000 in the Phase 1 study at Biohaven's R&D Day in May 2023.
- Reported on continued progress observed with Biohaven's first-in-class bispecific IgG degrader, BHV-1300, as compound advances to IND filing in 2H2023 - In July 2023, the Company shared an update on BHV-1300's highly competitive safety, manufacturable and PD profile. The Company is assembling a pipeline of partially de-risked, follow-on IgG degraders as well as antigen-specific degraders providing both optionality and a sustainable output of drug candidates for several years. An IND application for BHV-1300 is on track for submission in 2023 and an IND application for Biohaven's IgA degrader on track for submission in 2024
- Type A meeting planned to comprehensively address FDA's concerns in connection with Troriluzole program in SCA3 - In July 2023, the Company announced that the FDA informed Biohaven it would not review the recently submitted New Drug Application (NDA) for troriluzole for the treatment of spinocerebellar ataxia type 3 (SCA3), an ultra-rare, genetically-defined, neurodegenerative disease associated with progressive disability, frequent falls, loss of ambulation, speech and swallowing impairment, and premature death that is the most common SCA genotype worldwide. The FDA informed Biohaven it would not review the application given that the study's primary endpoint was not met and thus, would not permit a substantive review. Biohaven is committed to working closely with the FDA to bring troriluzole to people with SCA3 as quickly as possible given no therapy is currently approved for this ultra-rare genetic disorder. Biohaven plans to request a Type A meeting to comprehensively address FDA's concerns cited in the refusal to file letter.
- EMA orphan drug designation granted for taldefgrobep alfa for the treatment of SMA: - In July 2023, the Company announced that taldefgrobep alfa received orphan drug designation (ODD) from the European Commission for taldefgrobep for the treatment of SMA. Taldefgrobep previously received Fast-Track and ODD from the FDA. At Biohaven's R&D Day, the Company announced plans to complete randomization of approximately 180 patients in global SMA trial.
Upcoming Milestones:
Biohaven is progressing its product candidates through clinical programs in a number of common and rare disorders. The Company plans to reach significant pipeline milestones in the coming periods. Biohaven expects to:
- Announce Phase 1 EEG study results by year-end 2023: The Company expects to present complete results from its ongoing EEG study with BHV-7000 in healthy volunteers by the end of the year.
- Initiate Phase 2/3 studies with BHV-7000 in the second half of 2023: Biohaven expects to initiate pivotal trials in patients with focal epilepsy and bipolar disorder in the second half of 2023.
- Submit IND with BHV-1300, the Company's lead extracellular degrader: The Company expects to submit an IND with pan-IgG degrader BHV-1300 in the second half of 2023 and expects to initiate Phase 2 studies in 2024.
- Submit IND with selective Gd-IgA1 degrader: The Company expects to submit an IND with a Gd-IgA1 degrader indicated for IgA nephropathy in the first half of 2024.
- Initiate Phase 2 study with BHV-8000: The Company commenced Phase 1 studies with BHV-8000, an oral, brain-penetrant, dual TYK2/JAK1 inhibitor for neuroinflammatory disorders, in the first half of 2023 and expects to initiate a Phase 2 study in Parkinson's disease in 2024.
- Submit IND with BHV-2100 in chronic pain: The Company expects to submit an IND with BHV-2100, a selective TRPM3 antagonist in the Company's ion channel platform, in the second half of 2023.
- Complete enrollment in Phase 3 study of troriluzole in OCD in 2023: Two Phase 3 randomized, double-blind, placebo-controlled studies of troriluzole in OCD are expected to enroll up to 700 patients (in each trial) across nearly 200 global study sites. The Company anticipates completing enrollment in at least one Phase 3 trial by year-end 2023.
- Complete enrollment in Phase 3 clinical study of taldefgrobep alfa in SMA: The Company expects to complete enrollment in the study of taldefgrobep in SMA in the second half of 2023.
- Continue advancements across multiple neuroscience and immunoscience indications: The Company's preclinical pipeline includes a platform of bispecific degraders of extracellular proteins directed against IgG, IgA and other targets, TRPM3 and Kv7 family of ion channels, and other undisclosed targets, including those with disease-modifying potential.
Capital Position:
Cash, cash equivalents and marketable securities as of June 30, 2023 was $349.0 million, including $13.9 million of restricted cash, and excluding $40.4 million of cash payable to Biohaven Pharmaceutical Holding Company Ltd. (the Former Parent), compared to $467.9 million, including $2.5 million of restricted cash, and excluding $35.2 million of cash payable to the Former Parent, as of December 31, 20221.
Second Quarter 2023 Financial Highlights:
Research and Development (R&D) Expenses: R&D expenses, including non-cash share-based compensation costs, were $79.5 million for the three months ended June 30, 2023, compared to $177.1 million for the three months ended June 30, 2022. Non-cash share-based compensation expense was $2.5 million for the three months ended June 30, 2023, a decrease of $10.3 million as compared to the same period in 2022. Non-cash share-based compensation expense was higher in the second quarter of 2022 primarily because expense allocated from the Former Parent equity plan, prior to the spin-off, was based on equity awards with higher grant date fair values.
General and Administrative (G&A) Expenses: General and administrative expenses were $14.5 million for the three months ended June 30, 2023, compared to $20.0 million for the three months ended June 30, 2022. The decrease of $5.5 million was primarily due to decreased non-cash share-based compensation costs. Non-cash share-based compensation expense was $2.2 million for the three months ended June 30, 2023, a decrease of $5.8 million as compared to the same period in 2022. Non-cash share-based compensation expense was higher in the second quarter of 2022 primarily because expense allocated from the Former Parent equity plan, prior to the spin-off, was based on equity awards with higher grant date fair values.
Other Income (Expense), Net: Other income (expense), net was a net income of $5.8 million for the three months ended June 30, 2023, compared to net expense of $0.1 million for the three months ended June 30, 2022. The increase of $5.9 million was primarily due to an increase in net investment income and an increase of $1.7 million in other income related to our transition services provided to the Former Parent, which is largely non-recurring.
Net Loss: Biohaven reported a net loss for the three months ended June 30, 2023, of $90.3 million, or $1.32 per share, compared to $203.3 million, or $5.16 per share, for the same period in 2022. Non-GAAP adjusted net loss for the three months ended June 30, 2023 was $85.7 million, or $1.25 per share, compared to $182.5 million, or $4.63 per share for the same period in 2022. These non-GAAP adjusted net loss and non-GAAP adjusted net loss per share measures, more fully described below under "Non-GAAP Financial Measures," exclude non-cash share-based compensation charges. A reconciliation of the GAAP financial results to non-GAAP financial results is included in the tables below. For periods prior to Biohaven's spin-off from the Former Parent on October 3, 2022 (the "Spin-Off"), net loss per share and non-GAAP adjusted net loss per share were calculated based on the 39,375,944 common shares of Biohaven distributed to the Former Parent shareholders at the time of the distribution, including common shares issued in connection with the Former Parent share options that were settled on October 3, 2022 and common shares issued in connection with the Former Parent restricted share units that vested on October 3, 2022. The same number of shares is being utilized for the calculation of basic and diluted earnings per share for all periods presented prior to the Spin-Off.
Non-GAAP Financial Measures
This press release includes financial results prepared in accordance with accounting principles generally accepted in the United States (GAAP), and also certain non-GAAP financial measures. In particular, Biohaven has provided non-GAAP adjusted net loss and adjusted net loss per share, which are adjusted to exclude non-cash share-based compensation, which is substantially dependent on changes in the market price of common shares. Non-GAAP financial measures are not an alternative for financial measures prepared in accordance with GAAP. However, Biohaven believes the presentation of non-GAAP adjusted net loss and adjusted net loss per share, when viewed in conjunction with GAAP results, provides investors with a more meaningful understanding of ongoing operating performance and can assist investors in comparing Biohaven's performance between periods.
In addition, these non-GAAP financial measures are among those indicators Biohaven uses as a basis for evaluating performance, and planning and forecasting future periods. These non-GAAP financial measures are not intended to be considered in isolation or as a substitute for GAAP financial measures. A reconciliation between these non-GAAP measures and the most directly comparable GAAP measures is provided later in this news release.
About Biohaven
Biohaven is a global clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of life-changing therapies to treat a broad range of rare and common diseases. Biohaven's experienced management team brings with it a track record of delivering new drug approvals for products for diseases such as migraine, depression, bipolar and schizophrenia. The company is advancing a pipeline of therapies for diseases, many of which have limited or no treatment options, leveraging its proven drug development capabilities and proprietary platforms, including Kv7 ion channel modulation for epilepsy and neuronal hyperexcitability, glutamate modulation for obsessive-compulsive disorder and spinocerebellar ataxia, myostatin inhibition for neuromuscular diseases and metabolic disorders, and brain-penetrant TYK2/JAK1 inhibition for neuroinflammatory disorders. Biohaven's portfolio of early- and late-stage product candidates also includes discovery research programs focused on TRPM3 channel activation for neuropathic pain, CD-38 antibody recruiting, bispecific molecules for multiple myeloma, antibody drug conjugates (ADCs), and targeted extracellular protein degradation platform technology (MoDE™) with potential application in neurological disorders, cancer, and autoimmune diseases.
Forward-looking Statements
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The use of certain words, including "continue", "plan", "will", "believe", "may", "expect", "anticipate" and similar expressions, is intended to identify forward-looking statements. Investors are cautioned that any forward-looking statements, including statements regarding the future development, timing and potential marketing approval and commercialization of development candidates, are not guarantees of future performance or results and involve substantial risks and uncertainties. Actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors including: the expected timing, commencement and outcomes of Biohaven's planned and ongoing clinical trials; the timing of planned interactions and filings with the FDA; the timing and outcome of expected regulatory filings; complying with applicable U.S. regulatory requirements; the potential commercialization of Biohaven's product candidates; the potential for Biohaven's product candidates to be first in class therapies; and the effectiveness and safety of Biohaven's product candidates. Additional important factors to be considered in connection with forward-looking statements are described in Biohaven's filings with the Securities and Exchange Commission, including within the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations". The forward-looking statements are made as of the date of this new release, and Biohaven does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
MoDEs is a trademark of Biohaven Therapeutics Ltd.
Investor Contact:
Jennifer Porcelli
Vice President, Investor Relations
jennifer.porcelli@biohavenpharma.com
+1 (201) 248-0741
Media Contact:
Mike Beyer
Sam Brown Inc.
mikebeyer@sambrown.com
+1 (312) 961-2502
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Is the internet real life? The courts don’t seem to think so. But a little-known case hints at a way forward.
The culprit is a so-called hate raider — which means that he makes a habit of coordinating with fellow racists to spam players of color with bigotry until they shut down their gaming streams. This time, he chose as his target a “Destiny 2” community manager who had the gall to share a Black fan’s tribute art.
“I was wondering if you could add a [n-word]-killing DLC to my favorite video game?” he inquired in a voice mail, using an acronym for downloadable content. Then a text to the wife’s personal phone: “You’re a fat bitch and [the community manager] is a limp wristed homo. … ADD A [N-WORD] KILLING DLC.” After that, he sent a pizza to their door.
This sequence of events may seem more distasteful than dangerous … if you don’t spend much time on the internet. To the extremely online, the details are terrifying. The trick is bridging that gap.
If you’ve never heard of Bungie, and you’ve never heard of “Destiny 2,” maybe you’ve never heard of GamerGate — a year-long campaign by angry, misogynist, mostly male computer nerds and forum-dwellers to heckle and threaten feminist members of the gaming community out of online existence.
Of course, that most people have never heard of any of these things is part of the problem.
GamerGate remains the most obvious, most mainstream example the country has seen of how easily random trolls can turn into a unified mob —and how that mob can turn up at a target’s door, ready to bang down the brittle walls between online behavior and offline consequences. This isn’t entirely figurative. Two women involved in the episode, fearful for their safety after a doxing attack revealed their addresses, were forced to leave their homes.
GamerGate today is treated as a cautionary tale, yet it never really ended. Instead, the episode represented merely the biggest and loudest version of a phenomenon that keeps happening every day. The writer Amanda Hess summed it up in the title of a viral essay almost 10 years ago: “Women aren’t welcome on the Internet.” Plunge into the cesspool, and you’ll see that neither are Black people, or LGBTQ+ people, or, or, or.
The trouble is, the offline world has never taken any of these online abuses all that seriously. Internet culture is so suffused with irony that anything could be just a joke, and the very worst things clumsy attempts to look cool. These are kids, the thinking goes: meme-makers and pranksters. Most of all, none of this is happening in real life. It’s only happening on the internet.
Just look at the Supreme Court justices presiding over a recent case in which they ruled 7-2 to reverse the stalking conviction of a man who’d sent extensive threats to a stranger via Facebook. “Staying in cyber life is going to kill you,” Chief Justice John G. Roberts Jr. quoted from a message, before quipping, “I can’t promise I haven’t said that.” Ha, ha?
Of course, this view is uninformed. What’s happening on the internet is happening in real life. The Bungie case does a beautiful job of proving that by describing just how ugly online harassment can be.
There is plenty awful about the slur-stuffed communiqués in this case. But the key to the case, it turns out, was the pizza: a “virtually inedible, odiferous” $50 monstrosity that the respondent ordered to the petitioner’s doorstep. His instructions were explicit: “Knock at least five times. I’ll probably be wearing headphones.”
The true message was that the sender knew where the receiver lived. The hammering on the door simulated what he warned could come next: so-called swatting, making a prank 911 call that sends gun-toting cops to the victim’s address. Swatting can get people killed.
The delivery tactic was, as Allison Nixon of the investigation agency Unit 221B explained in her expert testimony, in keeping with “predictable patterns” of online harassment that can, and do, end in physical violence. The pizza fit into the final, horrifying stages of one of these patterns.
The upshot is this: To the average analog Joe, the pizza was just a pizza — nothing to get worked up over. Yet to the perennially logged-on, the pizza was a believable threat. Crucially, the judge accepted this.
The case, the victorious lawyers point out, matters in part because it allows an employer to recover for harassment of an employee, and harassment victims usually don’t have the resources or wherewithal on their own to hire crack representation plus a team of digital detectives to track anonymous scofflaws across the internet.
That’s what Bungie did with the internet-savvy team at KUSK Law as well as Unit 221B, whose sleuths managed to identify the perpetrator from among millions of online menaces in a mere 14 days, including by securing an international subpoena.
Plus, the decision recognizes that workplace injury is still workplace injury, even when the workplace is the web.
That cuts to the crux of the case: Too many of the people in high office will never stop seeing the internet as a foreign realm. They’ll also never really be able to speak the language. But victims, advocates and anyone arguing on their behalf can prove that the line between online life and offline life isn’t just thin. It barely even exists. | https://www.washingtonpost.com/opinions/2023/07/28/bungie-destiny-2-case-racist-pizza/ | 2023-07-31T12:16:17 | 0 | https://www.washingtonpost.com/opinions/2023/07/28/bungie-destiny-2-case-racist-pizza/ |
WASHINGTON -- Almost a year since President Joe Biden signed the PACT Act into law, the U.S. Department of Veterans Affairs has received more than 772,000 claims concerning military personnel exposed to toxic substances during their service.
The Senate Veterans Affairs Committee received an update last week regarding the PACT Act's implementation, with agency officials detailing efforts since August 2022 to connect veterans and survivors to benefits and services.
The federal law extends health care to veterans exposed to toxic substances during their military service, including individuals with illnesses tied to burn pits, which the military used for disposing chemicals and waste at bases during combat in Iraq and Afghanistan. The PACT Act additionally expanded services for veterans with conditions related to Agent Orange use during the Vietnam War and other toxic substances.
Before the PACT Act, the Department of Veterans Affairs denied 70% of disability claims involving burn pit exposure. On Tuesday, department officials announced a review studying the correlation between three different blood cancers and toxic exposure during deployments in the Middle East and southwest Asia.
"The new benefits provided under the PACT Act and our aggressive, sustained outreach efforts to connect veterans and survivors with those benefits have resulted in an increasing number of veterans pursuing their earned benefits," Joshua Jacobs, the department's undersecretary for benefits, told senators.
According to Jacobs, the Department of Veterans Affairs has processed 425,000 claims with a nearly 79% approval rate.
"As we work through each and every incoming claim, we're reminded that behind each claim is a veteran, family member or survivor," he added.
In a July 21 analysis, the department reported nearly 8,800 PACT Act claims from Arkansans since Aug. 10, 2022. About 100,000 Arkansas veterans are currently enrolled with the VA for health care purposes, including 2,500 new enrollees.
The hearing occurred at a critical point in the department's outreach to veterans and family members. Aug. 9 is the final day for parties to file a claim or submit an intent to file to remain eligible for benefits backdating to Aug. 10, 2022. Post-9/11 combat veterans who served between 2001 and 2013 have until Sept. 30 to enroll in VA health care through a one-year window created by the PACT Act.
Sen. John Boozman, R-Ark., expressed concerns about efforts reaching out to veterans residing in rural areas, pressing officials about whether the department is doing enough to inform individuals and families about the law.
"That's where so many of our veterans come from," the senator said.
Jacobs said the department has worked with local and state partners to identify opportunities to inform veterans about benefits. The undersecretary cited a recent trip to Caribou, Maine, to study outreach in the community.
"One of the things we've learned is don't necessarily host the outreach events at VA facilities," he said. "Go to the community where the veterans are, and we have tools and data to identify where there are underserved veterans in underserved parts of our communities."
Jacobs additionally mentioned his involvement in a "satellite media tour" with local television and radio stations, noting 8 million impressions through this effort.
"As someone that's run a lot of campaigns through the years trying to reach people for different reasons, rural radio is something in those areas that is very effective," Boozman stated.
The Veterans Health Care System of the Ozarks is hosting a PACT Act Summer VetFest on Saturday at its Fayetteville facility with additional activities and carnival fare for attendees. The event will go from 3-7 p.m. at 1100 N. College Ave., in Fayetteville.
A Central Arkansas Veterans Healthcare System official told the Arkansas Democrat-Gazette that about 550 people attended a PACT Act event last week at the Eugene J. Towbin Healthcare Center in North Little Rock. Both VA health care systems have organized outreach and screening events with community partners to encourage new claims. | https://www.arkansasonline.com/news/2023/jul/31/va-officials-lawmakers-discuss-pact-act-with/ | 2023-07-31T12:16:23 | 0 | https://www.arkansasonline.com/news/2023/jul/31/va-officials-lawmakers-discuss-pact-act-with/ |
SAN FRANCISCO, July 31, 2023 /PRNewswire/ -- Today, Blitz Insurance, a specialty insurance carrier, partners with Ascend to modernize payment experiences for insurance brokers selling in specialty markets. With this partnership, Blitz Insurance will open new customer segments by offering both direct bill and premium financing into their payments workflow.
"When we looked into the market for a solution, Ascend was the right choice. Ascend meets our needs for a better payments experience for our partners while reducing everyone's operational expenses," said Brandon Murphy, Chief Distribution Officer of Blitz Insurance. "We will now have the ability to not only expand to direct bill and a premium finance option but also simplify the movement of money between us and our partners."
With Ascend, Blitz Insurance is now able to provide a direct bill in addition to their existing agency bill workflow - allowing brokers to decide what billing method works best for them. By utilizing Ascend, Blitz Insurance not only grows their footprint of appointed brokers but also gains administrative efficiency by automating what would otherwise have been a large operational undertaking.
Ascend automatically attributes incoming payments to policies in real time, speeding up the reconciliation process. By modernizing the payments experience and speeding up the reconciliation of incoming premiums, Blitz Insurance can offer a best-in-class experience to its brokers and agents.
"We find that across the insurance ecosystem - companies want to provide a seamless payment workflow for their customers and their teams," said Andrew Wynn, co-CEO of Ascend. "Ascend is built so brokers and carriers can offer this experience without shouldering the administrative resources and costs needed to support these operations."
About Ascend
Ascend is the first insurance payments platform that automates financial operations from collections and financing to carrier and commission payables. Founded by two-time insurtech entrepreneurs Andrew Wynn and Praveen Chekuri, Ascend helps insurance brokers, MGAs, and carriers improve their bottom lines by eliminating expensive and labor-intensive payment workflows. To learn more, please visit LinkedIn, Twitter or check out https://www.useascend.com/.
About Blitz Insurance
Blitz is a tech-driven insurer revolutionizing the $60B specialty market catering to SME segment. By leveraging industry knowledge and cutting-edge technology, we deliver a simpler, smarter, and faster coverage experience.
The company is led by a veteran team of insurance and technology experts and has been funded with $25M from its founder & CEO, a Forbes-listed serial entrepreneur in the real estate and insurance industries.
Contact:
Mike Nguyen
press@useascend.com
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Spurred into national security service, tested after 9/11 and mobilized by their horror over the results of the 2016 presidential election, a crop of highly capable Democratic women ran for the House and won in 2018. They impressed their peers and constituents not only on national security issues but also with their pragmatic centrism. Two are now poised to move onto the national stage.
Rep. Elissa Slotkin (D-Mich.) has announced she is running for Senate, and Rep. Abigail Spanberger (D-Va.) is reportedly preparing to run for governor in 2025. As I learned in researching my book, their motive for running for office was grounded in the same genuine devotion to public service that motivated their prior service.
Once elected, they got a boost from then-House Speaker Nancy Pelosi (D-Calif.). Having spent years on the Permanent Select Committee on Intelligence, Pelosi well understood how essential national security credentials are for women with ambitions for national leadership. Pelosi assigned Slotkin to the Committee on Homeland Security and Committee on Armed Services. Spanberger, as a freshman, was put on the Committee on Foreign Affairs. By 2021, Slotkin chaired a Homeland Security subcommittee. By 2023, Spanberger was on the Select Intelligence Committee, just as Pelosi had been for years.
There are obvious parallels in the two women’s careers. Slotkin served in the CIA, followed by stints in the State and Defense departments. Spanberger served in the CIA before running in 2018. Both have won three tough election fights in competitive districts. Then-Wyoming congresswoman Liz Cheney (R) endorsed both in 2022.
Given their districts and their national security backgrounds, it’s not surprising they both earned reputations as moderate Democrats who are reliable votes for bipartisan legislation (e.g., the bipartisan infrastructure law) and staunch advocates for abortion rights and reasonable gun safety laws. However, they also have been willing to tangle with the left flank of the party on national security and spending.
As the New Republic reported, “Slotkin opposed student debt assistance on a vote supported by 93 percent of the caucus, voted against 85 percent of her caucus on whether the United States should even study the impact of its sanctions on other countries, voted to overturn locally enacted criminal justice and voting rights reforms in Washington, D.C., and even voted against 94 percent of her caucus to bar security clearance from anyone who has used cannabis.” She also opposed Medicare-for-all and abolition of the death penalty.
And both have championed good-government reforms despite opposition from party leadership. Spanberger introduced and Slotkin co-sponsored a bill to bar members of Congress and their spouses from individual stock ownership.
Spanberger and Slotkin, models for fellow Democrats worried about losing the heartland and/or working-class White voters, refute the GOP talking point that Democrats are a bunch of socialists. At a time when deep tribalism pervades politics and the Republican Party has descended into reactionary nationalism, these are the sort of politicians (akin to Republican Sen. Lisa Murkowski of Alaska and Democratic Sen. Jon Tester of Montana) who can appeal to Democrats, independents and the kind of normal Republicans whom defeated and indicted former president Donald Trump alienated.
That leaves Spanberger and Slotkin well positioned to win statewide in states with a history of electing moderate Democrats (e.g., Democratic Sens. Tim Kaine and Mark R. Warner in Virginia, Democratic Sen. Debbie Stabenow in Michigan). Their brand of pragmatic, center-left politics also potentially makes them viable on the national stage. Recent presidential elections have turned on fewer than 100,000 votes spread over swing states such as Arizona, Wisconsin, Georgia and Pennsylvania. Down the road, you could image either winning these states.
The two congresswomen possess something else as well. Having spent time with both since 2018, I’ve observed that they come across as decent, normal people who are at ease with other decent, normal people outside the Beltway. They speak succinctly and directly, without political jargon or empty sound bites. Comfortable in their own skin, they lack the air of self-importance and the grandiosity that afflict many politicians.
Given that neither has yet to win any race beyond the House, one should be careful of long-range predictions. However, as one Democratic insider said of Spanberger, “She’s too big a talent for the House. If she wins, she’s immediately a national figure.” The same can be said of Slotkin.
The country (and the Democratic Party) surely could use pragmatic, authentic women as adept at purple-state politics as they are at national security policy. | https://www.washingtonpost.com/opinions/2023/07/31/democratic-women-advance-slotkin-spanberger/ | 2023-07-31T12:16:23 | 0 | https://www.washingtonpost.com/opinions/2023/07/31/democratic-women-advance-slotkin-spanberger/ |
CLEARWATER, Fla. (WFLA) — Frustrated neighbors in Clearwater could receive some new, clarifying information Monday at a city council work session at 1:30 p.m. on the city’s embattled recycling program.
“Disappointing,” one Clearwater resident told 8 On Your Side. “Only because it’s a dropped ball.”
Months ago, the city of Clearwater revealed it wasn’t putting recycling in the proper location. Instead of being taken to Waste Management, the recyclables went to the Pinellas County Solid Waste Disposal Complex with all the other trash. But residents were still billed for recycling.
And further investigation showed the problems started way before last year.
“It really came to light in the last six months, before January 1st, that we hadn’t been recycling anything,” said Joelle Castelli, spokesperson for the City of Clearwater. “Prior to that, it looked like our processing was down significantly, but we were still recycling about a third.”
During Monday’s city council meeting, officials will get an update and report on the recycling situation. An expectedly big topic of discussion will be refunding residents their recycling fees, which would cost the city more than $1 million.
“Trust is something that is hard to restore once you lose it,” said Castelli. “All we can do at this point is tell residents, ‘Here’s where we currently are, here’s what we’ve unfolded, and here’s what we plan to do in the future.'”
The city put together a dashboard online where people can see how much they’re recycling now — it shows hundreds of tons of recycling collected in June of 2023, compared to nothing at all in December 2022.
“We now know that, going back to 2019, we have been recycling significantly less than what it is that we collected,” Clearwater City Manager Jennifer Poirrier said during a meeting. “We also know that this is not something that we were aware of.”
When everything came out, the assistant director for Clearwater’s Solid Waste Department resigned. City administrators said the Solid Waste Department claimed staffing issues and equipment forced the change.
8 On Your Side has also learned the FBI is involved in the situation, though it’s still unclear as to why they’re investigating and what they’re looking into. City officials said the FBI approached them and the city is cooperating with three agents. | https://www.wfla.com/news/pinellas-county/clearwater-officials-to-get-update-on-recycling-problem/ | 2023-07-31T12:16:26 | 1 | https://www.wfla.com/news/pinellas-county/clearwater-officials-to-get-update-on-recycling-problem/ |
Monday is Kids Day at Indianapolis Colts training camp
INDIANAPOLIS (WISH) — Bring the kids out to Grand Park in Westfield for Kids Day at Indianapolis Colts Training Camp!
The Colts held a high-energy evening practice in front of more than 7,000 fans on Saturday. After enjoying Sunday off, players will return to Grand Park on Monday for their first padded practice of training camp.
Monday’s practice session will run from 10 – 11:15 a.m. Practice is free but training camp tickets are required. All seating is general admission. Limited bleacher seating will be available.
The first 500 fans at practice will receive a free collectible player poster! Fans will have a chance to get their posters autographed by Colts players after practice. There will be no autograph session before practice.
The NFL’s Clear Bag Policy is in effect at all training camp practices.
Click here to get your free training camp tickets from Ticketmaster.
Get in on the fun at Colts City
Colts City will be open Monday from 9 a.m. to noon.
This family-friendly activity zone is located just behind the practice field and gives kids of all ages the chance to put their football skills to the test, strike the gameday anvil, and more!
A free Colts City access pass is required for Play 60 Field, the Colts in Motion traveling museum, and photo opportunities. The Colts City Pass does not replace training camp tickets.
Click here to fill out a waiver and download your Colts City access pass.
Parking Information
Fan parking is available for $5 in Lots E and G. ADA parking is available in Lot G.
Additional parking will be available on certain days in Lots F and C.
Colts fans can save time by pre-purchasing parking in advance. Click here to reserve your parking space. | https://www.wishtv.com/sports/indianapolis-colts/monday-is-kids-day-at-indianapolis-colts-training-camp/ | 2023-07-31T12:16:26 | 1 | https://www.wishtv.com/sports/indianapolis-colts/monday-is-kids-day-at-indianapolis-colts-training-camp/ |
Georgia man electrocuted after jumping into lake
ATLANTA (WANF/Gray News) - A Georgia man is dead after jumping into Lake Lanier Thursday evening, WANF reports.
The Forsyth County Sheriff’s Office said 24-year-old Thomas Shepard Milner jumped into the lake from his family’s dock near Dove Trail and was electrocuted when he entered the water.
A family friend told investigators they heard Milner scream for help and tried to get him out of the water using a ladder.
When that didn’t work, neighbors stepped in to help and took a boat out to Milner, the sheriff’s office said. The person in the boat jumped in the water to pull Milner out but reported feeling a burning sensation, which they immediately recognized as an electric shock.
After swimming to shore and turning off the power box near the dock, the person returned to the water to pull Milner back to shore, according to investigators.
Witnesses told authorities Milner’s uncle administered CPR until emergency medical crews got to the scene. The 24-year-old was rushed to Northside Forsyth Hospital. He died from his injuries the next day.
Milner’s mother, Martha Milner, told WANF her son was gentle and kind and loved the lake.
“Shepard was known for his quirkiness, his humor and his dedication,” she said.
According to Martha Milner, the dock at their lake property was less than three years old and outfitted with electricity by a licensed electrician.
Boaters like Chris Morris were saddened to hear about the death on Sunday.
“It’s a freak accident,” he said.
It is unclear why the water was electrified.
The investigation remains ongoing.
Copyright 2023 WANF via Gray Media Group, Inc. All rights reserved. | https://www.wcjb.com/2023/07/31/georgia-man-electrocuted-after-jumping-into-lake/ | 2023-07-31T12:16:26 | 0 | https://www.wcjb.com/2023/07/31/georgia-man-electrocuted-after-jumping-into-lake/ |
The following marriage license applications were recorded July 20-26 in the Washington County Clerk's Office.
July 20
Vicente Barron, 59, and Irene Avina Veleta, 54, both of Tulsa, Okla.
Matthew Joe McCoy, 38, and Amanda Jane Naples, 38, both of Fayetteville
Harry Noel Rios Moreno, 29, and Clara Garay Martinez, 41, both of Springdale
Taylor Dayne Spencer, 34, and Laramie Shea Wall, 31, both of Fayetteville
July 21
Kevin Almaraz, 21, and Itzel Velazquez, 21, both of Springdale
Abel Jacob Baer, 23, and Hannah Rose Blair, 23, both of Fayetteville
Michael Lavell Barnes, 43, and Sarah Elayne McGonigal, 42, both of Fayetteville
Brandon Michael Dean, 26, and Alyssa Rochelle Reed, 29, both of Fayetteville
Alexander James Doshier, 21, Tontitown, and Reannah Paige Huffstetler, 21, Van Buren
Gavin Shae Goodman, 33, and Kimberlee Lynn Marrs, 25, both of Springdale
William Tutt Holland, 41, and Carla Marie Bourke, 37, both of Fayetteville
Francisco Marquez Mandujano, 39, and Lily Ann Hanan, 43, both of Siloam Springs
Bryan Joel Matute Arzu, 37, and Carina Albarran-Chavez, 38, both of Springdale
Rene Munoz, 25, and Ana Luisa Zamora-Gil, 25, both of Fayetteville
Hector Rene Ortiz Espinoza, 33, and Ivonne Ponce Rodriguez, 28, both of Fayetteville
Travis Landon Parrish, 27, and Jessica Anne Czarnecki, 28, both of Fayetteville
Aldair Salgado Reza, 25, and Janelle Nunez, 24, both of Springdale
Kori Samuel, 32, and Anna Otko, 26, both of Springdale
Arles Obed Vasquez Martinez, 34, and Justin James Burgess, 30, both of Springdale
July 24
Jake Dalton Collishaw, 26, and Hannah Karas, 25, both of Fayetteville
Seth Hayden Daniell, 27, Arkadelphia, and Hannah Marie Saunders, 26, Saint Paul
Grant Michael French, 25, and Madison Brooke Hill, 25, both of Farmington
Bryce Maxwell Kearns, 26, and Kimberly Ann Crown, 25, both of Farmington
Carlos Xavier Morales Carrillo, 32, and Adriana Carolina Bolivar Rodiguez, 22, both of Fayetteville
Steven Tyler Standefer, 39, and Destiny LeighAnn Shepperson, 25, both of Farmington
July 25
Hugo Ernesto Aquino, 33, and Adrianna Idel Avelar, 19, both of Springdale
Clinton Jon Degg, 46, and Amy Nichole Powers, 38, both of Lowell
Kevin Ernesto Lara-Batres, 23, and Ruby Vega, 23, both of Springdale
Stuart Gordon Rucker, 35, and Robin Marie Shinabery, 34, both of Fayetteville
Paul Gilberto Salcedo Lopez, 26, and Jenifer Paola Rivera Lopez, 25, both of Fayetteville
July 26
Lane Hunter Breeden, 28, and Aubree Leigh Alden, 27, both of Rogers
Johnny Lee Cogburn, 76, and Sharon Ann Cogburn, 66, both of Fayetteville
Danny Ray George, 39, and Tracee Jane Marrs, 38, both of Springdale
Steven Campbell Holloway, 34, and Jenny Renee Henson, 53, both of Fayetteville
Larin Wayne McCulley, 38, and Christy Marie Carr, 40, both of Fayetteville
Luke Lenard Scruton, 36, Springdale, and Lauren Lee Regina Sayre, 40 Farmington
Emmanuel Kwadwo Sekyere, 31, and Laurelle Joy Hostetler, 32, both of Green Forest | https://www.arkansasonline.com/news/2023/jul/31/washington-county-marriage-licenses/ | 2023-07-31T12:16:29 | 1 | https://www.arkansasonline.com/news/2023/jul/31/washington-county-marriage-licenses/ |
SAN JOSE, Calif., July 31, 2023 /PRNewswire/ -- Broadcom Inc. (NASDAQ: AVGO), a Delaware corporation headquartered in San Jose, CA, and a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its third quarter fiscal year 2023 financial results and business outlook on Thursday, August 31, 2023 after the close of the market. Broadcom's management will host a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and business outlook.
Date: Thursday, August 31, 2023
Time: 2:00 PM (PT); 5:00 PM (ET)
To Listen via Telephone: Preregistration is required by the conference call operator. Please preregister at https://register.vevent.com/register/BIab1222c9ed364122895c0b8a81ef898b. Upon registering, you will be emailed a link to the dial-in number and unique PIN.
To Listen via Internet: The conference call can be accessed live online in the Investors section of the Broadcom website at https://investors.broadcom.com.
Replay: An audio replay of the conference call can be accessed for one year through the Investors section of Broadcom's website at https://investors.broadcom.com.
About Broadcom Inc.
Broadcom Inc. (NASDAQ: AVGO), a Delaware corporation headquartered in San Jose, CA, is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions. Broadcom's category-leading product portfolio serves critical markets including data center, networking, enterprise software, broadband, wireless, storage and industrial. Our solutions include data center networking and storage, enterprise, mainframe and cyber security software focused on automation, monitoring and security, smartphone components, telecoms and factory automation. For more information, go to https://investors.broadcom.com.
Contact:
Broadcom Inc.
Ji Yoo
Investor Relations
408-433-8000
investor.relations@broadcom.com
(AVGO-Q)
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SOURCE Broadcom Inc. | https://www.cleveland19.com/prnewswire/2023/07/31/broadcom-inc-announce-third-quarter-fiscal-year-2023-financial-results-thursday-august-31-2023/ | 2023-07-31T12:16:29 | 0 | https://www.cleveland19.com/prnewswire/2023/07/31/broadcom-inc-announce-third-quarter-fiscal-year-2023-financial-results-thursday-august-31-2023/ |
It’s never been harder to be a supporter of Israel. I should know; I‘ve been one as long as I can remember. In fact, I almost became an Israeli myself. When I left the Soviet Union with my mother and grandmother in 1976, we made lengthy stopovers in Vienna and Rome, where Israeli representatives tried to convince us to move to the Jewish state. It was a tempting offer, but since my mother spoke English, not Hebrew, we went to the United States. Yet while growing up as a Jewish kid in the Los Angeles suburbs, I still formed a fast attachment to Israel.
I came of age on stories of hard-working kibbutzim turning desert soil green and heroic Israeli soldiers rescuing hostages at Entebbe. At my bar mitzvah in 1982, I even gave a speech in defense of Israel’s ill-fated invasion of Lebanon — which says little about my perspicacity as a budding pundit but much about my devotion to Israel.
As an adult, I made numerous trips to Israel and marveled at the vibrancy of its culture. I always found Jerusalem, groaning under the weight of thousands of years of history, to be slightly oppressive, but Tel Aviv is a bustling, modern beach city where an ex-Angeleno can feel at home. My mother became so smitten with Israel that she spent months living there and spoke of moving there after her retirement from UCLA. (Sadly, she never got the chance: She died in 2018.)
Yet, while I retain affection for Israel, I often feel as if I do not recognize what it has become. This is a familiar feeling for me, since I am similarly befuddled by modern America: How did we turn into a land of book banners and covid deniers? Both Israel and the United States have been disfigured by the rise of populist rabble-rousers who have tapped into ugly and unsavory prejudices.
While our far-right president was narrowly unseated in 2020 and is now on the comeback trail, Israel’s far-right government remains firmly in control despite its exceedingly narrow winning margin. It just flexed its muscles by passing a law that will prevent the Supreme Court from overturning legislation on the grounds of unreasonableness — an admittedly subjective standard but one that has limited the ability of settlers to seize more land in the West Bank and of the ultra-Orthodox to be exempted from military service.
Hundreds of thousands of outraged Israelis have taken to the streets to protest not just a change in their country’s laws but in its very character. The secular, socialist Israel of my youth is fast disappearing. In its place is a far wealthier country — but one that is turning intolerant and illiberal.
There was, admittedly, always a tension between the Zionist and democratic strands of the state — tension that became especially pronounced after 1967 when Israel occupied the Gaza Strip and West Bank with all of their Palestinian inhabitants. But, in recent years, religious extremism and ultranationalist ideology have moved from the fringes of Israeli politics to the center of power. The political parties representing Jewish settlers make no secret of their desire to annex the entire West Bank — which would entrench a military occupation that has been denounced by human-rights groups as an Israeli version of “apartheid.” And the political parties representing the ultra-Orthodox make no secret of their desire to repress women’s rights and LGBTQ rights and to impose theocracy on secular Israelis.
The Israeli cabinet now includes extremists such as Itamar Ben Gvir, a follower of the late Rabbi Meir Kahane, who was convicted of supporting a terrorist organization and inciting racism. His cabinet colleague, Bezalel Smotrich, a self-described “fascist homophobe,” has advocated separating Jewish and Arab women in maternity wards, called for outlawing Arab political parties (which represent 2 million Arab Israelis), and incited the ethnic cleansing of Arabs in the West Bank.
Presiding over this extremist coalition is Prime Minister Benjamin Netanyahu, a narcissist of few fixed convictions. Like former president Donald Trump, Netanyahu does not necessarily share many of his followers’ beliefs: Who, after all, imagines that an inveterate playboy like Trump is actually a firm foe of abortion or that a secular Israeli like Netanyahu actually wants to convert his country into a theocracy? But both Trump and Netanyahu cater to extremists to win and hold power — especially when doing so is essential to help them to escape the criminal charges they both face.
As finance minister twenty years ago, Netanyahu did much to create Israel’s reputation as a “start-up nation” by cutting government spending and deregulating the economy. Yet his new government is massively increasing subsidies for ultra-Orthodox schools and seminaries which produce graduates ignorant of math, science or English and unwilling to either serve in the military or pursue careers in business. The ultra-Orthodox, the fastest-growing part of the population, have already become a significant drag on Israel’s economy — and the new government subsidies, a group of Israeli economists warn, “will transform Israel … to a backward country in which a large part of the population lacks basic skills for life in the 21st century.”
Meanwhile, the soldiers and entrepreneurs who do the most to strengthen Israel, economically and militarily, feel increasingly alienated from the far-right state. Tech entrepreneurs are threatening to cut ties with Israel, and reservists in elite military units are threatening not to report for duty. Amos Malka, a retired major general who formerly commanded military intelligence and ground forces, recently said: “If I was serving now on the General Staff I would ask to immediately resign and a minute later explain I can’t serve a regime becoming a messianic extreme dictatorship.”
As a longtime supporter of Israel, I am filled with despair watching these developments and knowing that the United States is seemingly helpless to change Israel’s trajectory despite the $3.8 billion a year that Washington provides to the Jewish state. Netanyahu simply ignores President Biden’s wise advice to seek consensus before moving forward with major changes to the political system. Will he listen to Biden’s warnings not to annex the West Bank?
The United States and Israel are even increasingly at odds in their foreign policies, with Israel refusing to offer more than token support to Ukraine in its war against Russian aggression. Netanyahu is also trying to block Biden from reviving the badly needed Iran nuclear deal. Incredibly, during his current term in office, Netanyahu may wind up meeting the president of China before the president of the United States.
Israel is now an increasingly illiberal, and difficult, ally: the Hungary of the Middle East. That’s why it makes sense to discuss a phaseout of U.S. military aid to Israel, as was suggested to New York Times columnist Nicholas Kristof by two former U.S. ambassadors to Israel, Daniel Kurtzer and Martin Indyk. Israel is strong enough to stand on its own, and the United States should not be subsidizing policies that are anathema to so many Americans — and Israelis.
Israel remains freer than its neighbors, and it still has large numbers of citizens who are willing to take to the streets to defend its liberal, democratic values. The protesters give me some hope for its future. But it is simply not the same nation I fell in love with more than 40 years ago. I am sad about what has already happened to Israel and worried about what will happen next. Like many Americans, I simply cannot support it as unreservedly as I once did. | https://www.washingtonpost.com/opinions/2023/07/31/israel-netanyahu-democracy-illiberalism-disillusion/ | 2023-07-31T12:16:29 | 0 | https://www.washingtonpost.com/opinions/2023/07/31/israel-netanyahu-democracy-illiberalism-disillusion/ |
LARGO, Fla. (WFLA) — A fire was reported at a Largo hotel early Monday.
Eagle 8 flew over the Home2 Suites by Hilton in Largo on Ulmerton Road, where dozens of first responders were spotted outside.
The fire was put out just after 6 a.m.
News Channel 8 is working to find out more information about the fire.
Check back for updates on this developing story. | https://www.wfla.com/news/pinellas-county/fire-reported-at-largo-hotel/ | 2023-07-31T12:16:32 | 0 | https://www.wfla.com/news/pinellas-county/fire-reported-at-largo-hotel/ |
Just one drink a day can raise blood pressure, study says
(CNN) - Regularly drinking alcohol, even in small amounts, could raise your blood pressure, even in adults without hypertension, according to a new study.
The study says as little as one alcoholic drink increased blood pressure in men and women, including those with no existing blood pressure issues or conditions related to alcohol.
Researchers looked at data from seven studies conducted around the world between 1997 and 2021 involving more than 19,000 adults.
The study found that even less than one drink a day produced a small rise in systolic pressure over an average of five years.
It also found that small amounts of alcohol also raised the lower, or diastolic, blood pressure reading, but only in men.
Copyright 2023 CNN Newsource. All rights reserved. | https://www.wcjb.com/2023/07/31/just-one-drink-day-can-raise-blood-pressure-study-says/ | 2023-07-31T12:16:32 | 1 | https://www.wcjb.com/2023/07/31/just-one-drink-day-can-raise-blood-pressure-study-says/ |
MIAMI, July 31, 2023 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today announced that Carnival Corporation (the "Company") intends to commence the marketing of a new senior secured first lien term loan B facility (the "New First Lien Term Loan") with an original principal amount of $1.0 billion, expected to mature in 2027. In conjunction with the New First Lien Term Loan, and subject to market and other conditions, the Company may raise $500 million of other secured debt maturing in 2029 (together with the New First Lien Term Loan, the "Refinancing Transactions"). The Company intends to use the proceeds from the Refinancing Transactions to repay a portion of the borrowings under the Company's existing first-priority senior secured term loan facility maturing in 2025.
After the closing of the Refinancing Transactions, the Company intends to redeem all of the Company's 10.500% second-priority senior secured notes due 2026 and 10.125% second-priority senior secured notes due 2026 (collectively, the "2026 Notes"), saving over $120 million in interest expense on an annualized basis. The $1.2 billion of redemptions will be conditioned on the closing of the Refinancing Transactions. The Company expects to use cash on hand to finance the redemptions. This press release does not constitute a notice of redemption with respect to the 2026 Notes.
The Company's Chief Financial Officer David Bernstein commented: "Given the confidence we have in our business and its cash flow generation, we plan to retire $1.2 billion of our highest cost debt. In connection with this retirement, we plan to extend some of the lowest cost public debt in our portfolio. This is yet another step forward in our deleveraging journey, building on the $1.4 billion we already early retired this year. With this debt repayment, we now expect our year end debt balance to be less than $32.0 billion, an improvement over the November 30, 2023 debt balance of less than $33.0 billion provided in our June guidance."
This press release shall not constitute an offer to sell or the solicitation of an offer to purchase any security and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offering, solicitation or sale would be unlawful.
About Carnival Corporation & plc
Carnival Corporation & plc is the largest global cruise company, and among the largest leisure travel companies, with a portfolio of world-class leading cruise lines - AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), P&O Cruises (UK), Princess Cruises and Seabourn.
Cautionary Note Concerning Forward-Looking Statements
Carnival Corporation and Carnival plc and their respective subsidiaries are referred to collectively in this press release, as "Carnival Corporation & plc," "our," "us" and "we." Some of the statements, estimates or projections contained in this press release are "forward-looking statements" that involve risks, uncertainties and assumptions with respect to us, including some statements concerning the refinancing transactions described herein, future results, operations, outlooks, plans, goals, reputation, cash flows, liquidity and other events which have not yet occurred. These statements are intended to qualify for the safe harbors from liability provided by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts are statements that could be deemed forward-looking. These statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and the beliefs and assumptions of our management. We have tried, whenever possible, to identify these statements by using words like "will," "may," "could," "should," "would," "believe," "depends," "expect," "goal," "aspiration," "anticipate," "forecast," "project," "future," "intend," "plan," "estimate," "target," "indicate," "outlook," and similar expressions of future intent or the negative of such terms.
Forward-looking statements include those statements that relate to our outlook and financial position including, but not limited to, statements regarding:
Because forward-looking statements involve risks and uncertainties, there are many factors that could cause our actual results, performance or achievements to differ materially from those expressed or implied by our forward-looking statements. This note contains important cautionary statements of the known factors that we consider could materially affect the accuracy of our forward-looking statements and adversely affect our business, results of operations and financial position. Additionally, many of these risks and uncertainties are currently, and in the future may continue to be, amplified by our substantial debt balance as a result of the pause of our guest cruise operations. There may be additional risks that we consider immaterial or which are unknown. These factors include, but are not limited to, the following:
- events and conditions around the world, including war and other military actions, such as the invasion of Ukraine, inflation, higher fuel prices, higher interest rates and other general concerns impacting the ability or desire of people to travel have led, and may in the future lead, to a decline in demand for cruises, impacting our operating costs and profitability;
- pandemics have in the past and may in the future have a significant negative impact on our financial condition and operations;
- incidents concerning our ships, guests or the cruise industry have in the past and may, in the future, negatively impact the satisfaction of our guests and crew and lead to reputational damage;
- changes in and non-compliance with laws and regulations under which we operate, such as those relating to health, environment, safety and security, data privacy and protection, anti-corruption, economic sanctions, trade protection, labor and employment and tax have in the past and may, in the future, lead to litigation, enforcement actions, fines, penalties and reputational damage;
- factors associated with climate change, including evolving and increasing regulations, increasing global concern about climate change and the shift in climate conscious consumerism and stakeholder scrutiny, and increasing frequency and/or severity of adverse weather conditions could adversely affect our business;
- inability to meet or achieve our sustainability related goals, aspirations, initiatives, and our public statements and disclosures regarding them, may expose us to risks that may adversely impact our business;
- breaches in data security and lapses in data privacy as well as disruptions and other damages to our principal offices, information technology operations and system networks and failure to keep pace with developments in technology may adversely impact our business operations, the satisfaction of our guests and crew and may lead to reputational damage;
- the loss of key team members, our inability to recruit or retain qualified shoreside and shipboard team members and increased labor costs could have an adverse effect on our business and results of operations;
- increases in fuel prices, changes in the types of fuel consumed and availability of fuel supply may adversely impact our scheduled itineraries and costs;
- we rely on supply chain vendors who are integral to the operations of our businesses. These vendors and service providers may be unable to deliver on their commitments, which could negatively impact our business;
- fluctuations in foreign currency exchange rates may adversely impact our financial results;
- overcapacity and competition in the cruise and land-based vacation industry may negatively impact our cruise sales, pricing and destination options;
- inability to implement our shipbuilding programs and ship repairs, maintenance and refurbishments may adversely impact our business operations and the satisfaction of our guests;
- Failure to successfully implement our business strategy following our resumption of guest cruise operations would negatively impact the occupancy levels and pricing of our cruises and could have a material adverse effect on our business. We require a significant amount of cash to service our debt and sustain our operations. Our ability to generate cash depends on many factors, including those beyond our control, and we may not be able to generate cash required to service our debt and sustain our operations; and,
- the risk factors included in Carnival Corporation's and Carnival plc's Annual Report on Form 10-K filed with the SEC on January 27, 2023 and Carnival Corporation's and Carnival plc's Quarterly Reports on Form 10-Q filed with the SEC on March 29, 2023 and June 28, 2023.
The ordering of the risk factors set forth above is not intended to reflect our indication of priority or likelihood.
Forward-looking statements should not be relied upon as a prediction of actual results. Subject to any continuing obligations under applicable law or any relevant stock exchange rules, we expressly disclaim any obligation to disseminate, after the date of this document, any updates or revisions to any such forward-looking statements to reflect any change in expectations or events, conditions or circumstances on which any such statements are based.
Forward-looking and other statements in this document may also address our sustainability progress, plans and goals (including climate change and environmental-related matters). In addition, historical, current and forward-looking sustainability- and climate-related statements may be based on standards and tools for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions and predictions that are subject to change in the future and may not be generally shared.
SOURCE Carnival Corporation & plc
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SOURCE Carnival Corporation & plc | https://www.cleveland19.com/prnewswire/2023/07/31/carnival-corporation-amp-plc-announces-anticipated-debt-pre-payment-12b-refinancing-transaction/ | 2023-07-31T12:16:35 | 0 | https://www.cleveland19.com/prnewswire/2023/07/31/carnival-corporation-amp-plc-announces-anticipated-debt-pre-payment-12b-refinancing-transaction/ |
A big reason the red wave failed to materialize in last year’s midterms, defying my and many others’ predictions, comes down to one group of people: those who “somewhat disapproved” of President Biden. Despite their negative feelings, this bloc of voters backed the president’s party.
To understand how abnormal last year’s midterms were, consider Biden’s anemic approval ratings. Midterm exit polling found that only 44 percent of voters approved of Biden on Election Day. Yet Democrats maintained control of the Senate and lost only a few seats in the House.
Barack Obama and Donald Trump had roughly identical approval ratings ahead of their first midterm elections. Their parties lost about 60 and 40 House seats, respectively.
“Somewhat disapprovers” were a main reason for Democrats’ performance last year, bucking historical trends:
This makes it crucial that GOP analysts and campaigns understand who these people are ahead of 2024. A similar misstep this cycle could prove fatal to the party’s hopes.
They should turn to the Pew Research Center, which conducted a stunning 5,100 interviews with voters as part of its June American Trends Panel surveys. Twenty percent of respondents disapproved of Biden’s job performance, but not “strongly.” That yields enough data to provide a statistically confident read of their views.
Pew was kind enough to provide me with a detailed examination of the survey’s results of these individuals. The first thing that stands out is their political leanings: Democrats and Democratic-leaning independents outnumber Republicans and Republican-leaning independents by a margin of 50 percent to 40 percent. No doubt, it was that first group that Biden targeted last year when he focused on “ultra-MAGA Republicans.”
This demographic is also politically “moderate.” Half of them used that term when asked to describe their ideology, and their views on issues are consistent with it. On immigration, climate change, gun violence and the federal budget deficit, this these not-so-strong Biden disapprovers usually held positions between those of strong approvers and strong disapprovers.
That means in order to convert Biden’s unpopularity to votes, Republicans will need to persuade politically moderate Democratic leaners who don’t necessarily share the GOP base’s views to back the Republican Party. And they will need to do so while Democrats aggressively courts these voters in the same way as during the midterms, by constantly reminding them why they dislike Republicans.
Republicans will face a challenge winning these voters even on issues on which they lean toward the GOP’s position. For example, the Pew survey shows that while 70 percent of these folks see illegal immigration as either a “very big problem” or a “moderately big problem,” they were less supportive of hard-line immigration views. Only 30 percent thought it was “very important” to reduce the number of people seeking asylum in the United States, and only 42 percent said the same of requiring immigrants to apply for asylum before they travel to the U.S.-Mexico border.
That’s perhaps unsurprising considering the demographics of these voters. They are less White (50 percent) and more Hispanic (24 percent) than any other category of respondents. Nine percent are Asian, and 11 percent are Black. It’s possible such backgrounds make these voters less open to harsh rhetoric on immigration, even if they generally think Biden has done a poor job controlling the border.
The religious and socioeconomic status of these people also pose challenges for the GOP. They are poorer (40 percent are considered “lower income”), are much less Christian (55 percent) and attend religious services less frequently (only 27 percent attend at least once a month) than those who “very strongly” disapprove of Biden. The GOP likely cannot count on social issues to make up for other failures.
Historically, incumbent presidents receive about the same share of the popular vote as their job approval rating on Election Day. Unless Biden’s job approval rises to close to 50 percent, the election will be decided by his “somewhat disapprovers.” Republicans better start paying more attention to them. | https://www.washingtonpost.com/opinions/2023/07/31/somewhat-disapprovers-biden-polling-election/ | 2023-07-31T12:16:35 | 0 | https://www.washingtonpost.com/opinions/2023/07/31/somewhat-disapprovers-biden-polling-election/ |
Violations marked as priority contribute directly to the elimination, prevention or reduction in the hazards associated with foodborne illness.
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Print Headline: Washington County restaurant inspections | https://www.arkansasonline.com/news/2023/jul/31/washington-county-restaurant-inspections/ | 2023-07-31T12:16:35 | 0 | https://www.arkansasonline.com/news/2023/jul/31/washington-county-restaurant-inspections/ |
(The Hill) – Dozens of former Cabinet officials under former President Trump’s administration declined to publicly support the former president’s third bid for the White House, NBC News reported.
NBC News reached out to 44 people who previously served in Trump’s Cabinet during his four years in office to gauge whether they would support the former president during the 2024 presidential election. The outlet reported that most of the people declined to comment or ignored the requests and that only four said publicly they would support Trump for the presidency.
Trump’s Cabinet saw a higher rate of turnover compared with many of his predecessors, with many new officials rotating in and out of his administration over the four years. The only four former Cabinet members who NBC News reached out to who said they would support Trump are former acting Attorney General Matthew Whitaker, former chief of staff Mark Meadows, former Office of Management and Budget (OMB) director Russell Vought and former acting director of national intelligence Richard Grenell.
A spokesperson for Meadows told NBC News that he “fully” supports Trump. In May, Vought posted on X, the site formerly known as Twitter, that the former president is “the only person I trust to take a wrecking ball to the Deep State.”
Other former administration officials were reluctant to support Trump or have publicly said they will not support him. Former Attorney General Bill Barr told NBC News that he opposes Trump getting the 2024 GOP nomination but declined whether to say he would support him in the general election if pitted against President Biden.
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Former chief of staff Mick Mulvaney also said that he does not want Trump to get the Republican nomination for president.
“I am working hard to make sure that someone else is the nominee,” Mulvaney told NBC News. “I think he’s the Republican who is most likely to lose in a general election, of all our leading candidates. If anyone can lose to Joe Biden, it would be him.”
Other former officials who have not endorsed Trump yet include former Secretary of State Mike Pompeo, former Defense Secretary Patrick Shanahan, former chief of staff John Kelly and Joseph Maguire and Dan Coats, who each once served as director of national intelligence. Coats told NBC News that he would be supporting former Vice President Mike Pence for the GOP primary.
The Hill has reached out to Trump’s campaign for comment. | https://www.wfla.com/news/politics/dozens-of-former-trump-cabinet-officials-wont-publicly-support-his-2024-bid/ | 2023-07-31T12:16:38 | 0 | https://www.wfla.com/news/politics/dozens-of-former-trump-cabinet-officials-wont-publicly-support-his-2024-bid/ |
Lawsuit alleges flight attendants served too much alcohol to passenger that groped woman, her daughter
(CNN) - A passenger is suing Delta Airlines, claiming flight attendants overserved alcohol to a man who became drunk while on board and groped a mother and her teenage daughter.
The alleged incident happened during an international flight last summer.
The suit claims the flight attendants ignored the mother’s pleas for them to stop serving alcohol to the man and that the passenger was making them feel unsafe.
The plaintiffs in the case said during the nine-hour flight from New York to Greece, the man made obscene gestures and sexually assaulted the 16-year-old girl sitting next to him.
When the plane landed in Greece, the man was allowed to walk free despite the mother’s request that authorities arrest him in Athens.
Delta has not commented on the suit but says the airline has zero tolerance for passengers who engage in inappropriate or unlawful behavior.
Copyright 2023 CNN Newsource. All rights reserved. | https://www.wcjb.com/2023/07/31/lawsuit-alleges-flight-attendants-served-too-much-alcohol-passenger-that-groped-woman-her-daughter/ | 2023-07-31T12:16:38 | 1 | https://www.wcjb.com/2023/07/31/lawsuit-alleges-flight-attendants-served-too-much-alcohol-passenger-that-groped-woman-her-daughter/ |
NORWOOD, Mass., July 31, 2023 /PRNewswire/ -- Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP) ("Corbus" or the "Company"), a precision oncology company, today announced that Yuval Cohen, Ph.D., Chief Executive Officer of Corbus, will participate in a fireside chat and one-on-one investor meetings at the BTIG Virtual Biotechnology Conference, to be held August 7-8, 2023.
BTIG Virtual Biotechnology Conference
Format: Fireside chat and one-on-one investor meetings
Fireside Chat Date: Tuesday, August 8, 2023
Fireside Chat Time: 9:00 a.m. ET
To register for the conference, contact your BTIG sales representative.
About Corbus
Corbus Pharmaceuticals Holdings, Inc. (the "Company" or "Corbus") is a precision oncology company committed to helping people defeat serious illness by bringing innovative scientific approaches to well understood biological pathways. Corbus' internal development pipeline includes CRB-701, a next generation antibody drug conjugate (ADC) that targets the expression of Nectin-4 on cancer cells to release a cytotoxic payload and CRB-601, an anti-integrin monoclonal antibody which blocks the activation of TGFβ expressed on cancer cells. Corbus is headquartered in Norwood, Massachusetts. For more information on Corbus, visit corbuspharma.com. Connect with us on Twitter, LinkedIn and Facebook.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and Private Securities Litigation Reform Act, as amended, including those relating to the Company's restructuring, trial results, product development, clinical and regulatory timelines, market opportunity, competitive position, possible or assumed future results of operations, business strategies, potential growth opportunities and other statement that are predictive in nature. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which we operate and management's current beliefs and assumptions.
These statements may be identified by the use of forward-looking expressions, including, but not limited to, "expect," "anticipate," "intend," "plan," "believe," "estimate," "potential," "predict," "project," "should," "would" and similar expressions and the negatives of those terms. These statements relate to future events or our financial performance and involve known and unknown risks, uncertainties, and other factors on our operations, clinical development plans and timelines, which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include those set forth in the Company's filings with the Securities and Exchange Commission. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
INVESTOR CONTACT:
Sean Moran
Chief Financial Officer
Corbus Pharmaceuticals
Sean.moran@corbuspharma.com
Bruce Mackle Managing Director
LifeSci Advisors, LLC
bmackle@lifesciadvisors.com
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OpinionSee how Ukraine is paying the price for allies’ hesitation
Last September, Ukraine requested Western tanks from allies to push back against Russia’s invasion. At that time, Russia had not consolidated much of its hold on the territory it had taken. While allies debated whether or not they should send tanks, Russia began to dig in:
Sept. 4, 2022
When Ukraine first requested Western tanks, satellite images show that Russia had only started to build fortifications.
Jan. 25, 2023
By the time Ukraine finally received the tanks, half a year later, hundreds of miles of fortifications were visible from space.
Take the occupied city of Tokmak in Zaporizhzhia Oblast as an example: This is how the city looked in satellite imagery on Oct. 18, 2022.
Over the next two months, Russians set up barriers outside the major roads into the city. By Jan. 26, the entire city was surrounded by fortifications.
The pattern then repeated itself. Ukraine publicly asked for cluster munitions from the United States last winter, shortly after it had liberated the southern city of Kherson. The Biden administration delayed responding to the request. Meanwhile, this is what happened in occupied territory:
Dec. 8, 2022
When Ukraine requested U.S. cluster munitions, most of Russia’s new fortifications were concentrated near the front line.
July 6, 2023
Six months later, when Ukraine finally received the cluster munitions from the United States, Russia had fortified huge swaths of occupied eastern and southern Ukraine, along the border and throughout northern Crimea.
Without fear of Ukrainian-operated Western tanks or long-range missiles, Moscow’s soldiers were able to expand defenses close to the front line and deep within occupied territory.
These positions generally consist of trenches, anti-vehicle barriers and land mines. Michael Newton, who leads the land-mine-clearing operations in Ukraine for the HALO Trust, describes Russia’s mine-laying in occupied Ukrainian territory as taking place on an “industrial level.”
The network of fortifications consists of a primary defensive line and multiple layers of fallback positions. This means that not all of Russia’s trenches are manned, but they provide ready-made fighting positions aimed at stalling a Ukrainian advance.
Here are some illustrative examples:
Russia took the eastern Ukrainian city of Lysychansk in July 2022. New fortifications between the city and a nearby oil refinery underscore its importance to Russian forces.
Located by the Black Sea, Berdyansk Airport is a base for Russian helicopters operating over occupied regions in southern Ukraine. Russian forces put up extensive barriers and trenches around it earlier this year.
Closer to the front line, Russian forces constructed layers of fortifications along the 50 kilometers of highway that connect the occupied cities of Polohy and Tokmak.
Even in Crimea, occupied by Russia since 2014, satellite images show new defenses along roads leading into the peninsula.
The pattern of delay is still in place. Ukraine has been asking for long-range missiles it would like to use to strike Russian command posts, staging areas and supply depots behind the front lines. The United States is once again dragging its feet.
Whether it is worries about escalation, or worries about supply shortages, the smart bet in Washington is that the long-range missiles, like the tanks and the cluster munitions before them, will ultimately be delivered.
If the last year of the conflict has shown anything, it’s that this kind of vacillation is costly. It not only squanders additional Ukrainian lives, but it also makes a protracted, grinding conflict more likely.
Ukraine’s allies have long recognized the frantic pace at which Russia has been building defenses in occupied territory. But this realization had little bearing on the speed of their own decision-making. That needs to change. Instead of uncomfortably looking on as Ukraine’s counteroffensive devolves into a slow war of attrition, Western leaders should become more proactive.
Ukraine needs our help, not our excuses. | https://www.washingtonpost.com/opinions/interactive/2023/ukraine-war-maps-progress-aid/ | 2023-07-31T12:16:41 | 0 | https://www.washingtonpost.com/opinions/interactive/2023/ukraine-war-maps-progress-aid/ |
BEIJING, July 31, 2023 /PRNewswire/ -- 36Kr Holdings Inc. ("36Kr" or the "Company") (NASDAQ: KRKR), a prominent brand and a pioneering platform dedicated to serving New Economy participants in China, today announced the launch of its 36Kr Media Lab in Silicon Valley, an initiative to embrace the large language models (LLM) revolution taking place in the content creation industry and optimize the application of artificial intelligence (AI) for the new economy sector.
36Kr Silicon Valley Media Lab's first project leveraging LLM, "Empty Office," will experimentally explore scenarios where AI can think and work as humans, enhancing content production efficiency and reducing costs. Through "Empty Office," 36Kr is also building innovative media solutions that will transform traditional video, graphic and text communications into avant-garde dialogues between customized AI characters and audiences. These network-based dialogues will be naturally and seamlessly driven by real-time data generation, and available anytime, anywhere.
At the same time, 36Kr Silicon Valley Media Lab continues to focus on tailoring its LLM to the new economy sector. By utilizing dedicated financial and business datasets, including enterprises' financial results, news, market dynamics and knowledge repositories, among other resources, to train its LLM to thoroughly understand and analyze business information, 36Kr has developed a model that keenly grasps the business nuances to generate accurate analysis and interpretation. 36Kr Silicon Valley Media Lab constantly maintains its database, serving as the reference foundation to ensure that its fact-based model produces rigorous and up-to-date business and financial analysis.
Furthermore, 36Kr's professionally-training, fine-tuning capability enables its LLM-empowered "Empty Office" to quickly and efficiently create informative content for the new economy sector. For instance, in the case of a business event, such as a new product launch, an AI agent can instantly extract relevant data from the database, automatically perform a comprehensive analysis, and issue reports within just seconds. This top-speed response gives 36Kr's business and financial-focused media platform an unrivaled edge.
Mr. Dagang Feng, Co-chairman and CEO of 36Kr, commented, "The launch of 36Kr Silicon Valley Media Lab is a testament to our AI technology acumen and vision as well as our commitment to extending media's boundaries. By integrating pioneering AI technology into content creation, 36Kr will constantly elevate the efficiency and quality of content production alongside the rapid advancement of the LLM, fostering a superior content ecosystem encompassing business, finance and technology, further turbocharging the evolution of the New Economy. As we adopt and develop more AI tools amid the technology's rapid advancement, we are strategically positioning the Company to break new ground and ultimately drive long-term growth for our business."
About 36Kr Holdings Inc.
36Kr Holdings Inc. is a prominent brand and a pioneering platform dedicated to serving New Economy participants in China with the mission of empowering New Economy participants to achieve more. The Company started its business with high-quality New Economy-focused content offerings, covering a variety of industries in China's New Economy with diverse distribution channels. Leveraging traffic brought by high-quality content, the Company has expanded its offerings to business services, including online advertising services, enterprise value-added services, and subscription services, to address the evolving needs of New Economy companies and upgrading needs of traditional companies. The Company is supported by a comprehensive database and strong data analytics capabilities. Through diverse service offerings and significant brand influence, the Company is well-positioned to continuously capture the high growth potential of China's New Economy.
For more information, please visit: http://ir.36kr.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's goal and strategies; the Company's future business development, results of operations and financial condition; relevant government policies and regulations relating to our business and industry; the Company's expectations regarding the use of proceeds from this offering; the Company's expectations regarding demand for, and market acceptance of, its services; the Company's ability to maintain and enhance its brand; the Company's ability to provide high-quality content in a timely manner to attract and retain users; the Company's ability to retain and hire quality in-house writers and editors; the Company's ability to maintain cooperation with third-party professional content providers; the Company's ability to maintain relationships with third-party platforms; general economic and business conditions in China; possible disruptions in commercial activities caused by natural or human-induced disasters; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
36Kr Holdings Inc.
Investor Relations
Tel: +86 (10) 8965-0708
E-mail: ir@36kr.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: 36Kr@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: 36Kr@tpg-ir.com
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SOURCE 36Kr Holdings Inc. | https://www.wcjb.com/prnewswire/2023/07/31/36kr-launches-silicon-valley-media-lab-empower-content-ecosystem-with-llm-based-ai-technology/ | 2023-07-31T12:16:45 | 0 | https://www.wcjb.com/prnewswire/2023/07/31/36kr-launches-silicon-valley-media-lab-empower-content-ecosystem-with-llm-based-ai-technology/ |
The report highlights emerging trends that will significantly impact the financial services industry over the next decade
NEW YORK, July 31, 2023 /PRNewswire/ -- Deloitte today announced its "2023 Financial Services Industry Predictions" report, which outlines emerging trends across the banking & capital markets, insurance, real estate, and investment management sectors. The report highlights the impact of data and emerging technologies, products and services, and climate change on the future of financial services – and as a result, on society and the economy.
"The reality is that emerging technological changes could be more pervasive and impactful going forward in ways that can be scarcely imagined today," said Jim Eckenrode, managing director, Deloitte Center for Financial Services. Deloitte Services LP. "Financial services will likely play an important role in helping these breakthroughs emerge to the benefit of us all, while simultaneously opening up new avenues of revenue and profit."
Some of Deloitte's predictions for the financial services industry over the next decade:
Generative AI is expected to boost productivity: Generative AI is expected to have a significant impact on the investment banking industry and the financial services industry as a whole, as organizations explore ways to harness the power of the technology to improve productivity. Deloitte predicts the top 14 global investment banks could boost their front-office productivity by an average of 25% by using Generative AI (GAI), thereby earning potentially an additional revenue of $3 million per front-office employee in 2026, from an average of $11.3 million during 2020-22.
Demand for carbon credit offset financing: Deloitte predicts that global consumers will purchase $115 billion of carbon offsets a year by 2030. Carbon credits will likely be embedded in many of the purchasing decisions that consumers make in their day-to-day lives. The surge in demand for these credits could produce new trading networks that offer tailored, localized and niche options for climate change mitigation projects. Banks could be instrumental in developing and supporting the back-end infrastructure that connect brands' payment processes to the carbon credit market. And banks can play an instrumental role in developing and supporting the carbon credit market.
Insurers prepare for driverless vehicles: Deloitte estimates advancements in self-driving technology may eliminate the need for around 380,000 long-haul truck drivers in the next five years. This alone would have a major impact on workers' compensation insurers, with a potential loss of around $3 billion worth of premiums. But widespread adoption of autonomous vehicles could also result in a shift in premiums across multiple insurance lines, including commercial auto, product and professional liability, and cyber coverage.
Office space to fill the affordable housing gap: Deloitte predicts office-to-residential conversions could become profitable within the next five years, estimating that around 14,700 affordable units in central business districts across the country can be added by 2030, assuming approximately 20% of converted square footage can be earmarked for affordable housing.
"As financial services firms grapple with what's on the horizon, they need to think about how the landscape is radically shifting," said Monica O'Reilly, Vice Chair, US Financial Services Industry Leader, Deloitte & Touche LLP. "Market and economic pressures, emerging technologies, and new revenue opportunities will impact tomorrow's business strategies, and financial services firms should prepare for that now."
Additional trends included in the report that are expected to shape the financial services industry:
Democratization of financial advice: Financial advice shouldn't just be for the wealthy anymore — and it doesn't have to be. Financial firms can leverage robo-advisory platforms to bring much-needed financial advice to the global mass market and make it profitable. Deloitte estimates net financial wealth held by the mass retail population segment globally to almost double to $22 trillion by 2030.
Synthetic identity fraud could trigger need for more sophisticated biometric security systems: Synthetic identity fraud—a hoax in which cybercriminals create new identities with some stolen or fabricated data — is the fastest growing financial crime in the United States,i and it shows no sign of abating. Deloitte expects it to generate at least $25 billion in losses by 2030, prompting banks to develop more advanced biometric security systems to weed out would-be perpetrators.
Higher deposit costs expected to challenge banks: Deloitte predicts the average cost of interest-bearing deposits for the U.S. banking industry in 2024 and 2025 to remain elevated at 1.7% and 1.5%, respectively, even as the fed funds rate declines from the recent peak. This may crimp bank profitability in the medium term.
Real-time B2B payments could take off: Deloitte expects real-time payments could tap an addressable market of $12 trillion in check-based business-to-business (B2B) transaction volume globally by 2028. Banks and payment firms could play a pivotal role in helping usher in a new era of more efficient and instant domestic and cross-border value exchange among businesses.
Rise of embedded insurance: Embedded finance, and particularly embedded insurance, is expected to continue to expand. Execution may not be easy for insurers, though, and it could take the rest of the decade for embedded finance to fully shake out.
Increased spending on quantum computing: Spending on quantum-related capabilities will likely grow quickly over the next few years as indicated by the increased capital investments and patent filings for the hardware technology. Globally, the financial services industry's spending on quantum computing capabilities is expected to grow 233x from just US$80 million in 2022 to US$19 billion in 2032, growing at a 10-year CAGR of 72%.
Alternative data in investment management: Deloitte estimates the revenue for alternative data providers, earned from all industries globally with the majority coming from investment management firms, to grow 29x between 2022 and 2030. The new data largely consist of novel types and forms of data such as satellite images, social media posts, geolocation data, credit card transactions, and mobile application data that are starkly different from the traditionally structured financial data.
Funding for climate hardtech: An additional US$2 trillion in private hardtech investment is predicted to be needed to help effectively slow global warming. Most of total climate funding will likely need to come from the private sector — but so far, there isn't enough. Financial services organizations can play a lead role in bridging the funding gap.
About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today's marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Building on more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte's more than 415,000 people worldwide connect for impact at www.deloitte.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
iFedPayments Improvement, "Synthetic identity fraud," accessed June 8, 2023.
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SOURCE Deloitte | https://www.cleveland19.com/prnewswire/2023/07/31/deloitte-2023-financial-services-industry-predictions-generative-ai-carbon-offset-financing-driverless-vehicles-office-space-conversion-among-top-trends-transforming-financial-services/ | 2023-07-31T12:16:47 | 0 | https://www.cleveland19.com/prnewswire/2023/07/31/deloitte-2023-financial-services-industry-predictions-generative-ai-carbon-offset-financing-driverless-vehicles-office-space-conversion-among-top-trends-transforming-financial-services/ |
Monday briefing: Deadly strike in Ukraine; Carlos De Oliveira; rent prices; how to watch U.S. vs. Portugal; and more
Monday briefing: Deadly strike in Ukraine; Carlos De Oliveira; rent prices; how to watch U.S. vs. Portugal; and more
Friday briefing: More Trump charges; U.S. heat wave; Memphis police; Supreme Court; alpha-gal syndrome; and more | https://www.washingtonpost.com/podcasts/the-7/monday-july-31-2023/ | 2023-07-31T12:16:48 | 1 | https://www.washingtonpost.com/podcasts/the-7/monday-july-31-2023/ |
ALHAMBRA, Calif., July 31, 2023 /PRNewswire/ -- Apollo Medical Holdings, Inc. ("ApolloMed," and together with its subsidiaries and affiliated entities, the "Company") (NASDAQ: AMEH), a leading physician-centric, technology-powered healthcare company focused on enabling providers in the successful delivery of value-based care, today announced an agreement to partner with IntraCare, an operator of a value-based primary care provider network and primary care clinics located predominantly in Texas with a growing presence in Oklahoma.
Headquartered in the Dallas-Fort Worth metropolitan area of Texas, IntraCare is aligned with over 425 providers managing the care of over 40,000 members. Like ApolloMed, IntraCare is on a mission to build a thriving healthcare ecosystem that promotes successful, independent physicians, strengthens the patient-physician relationship, and improves patient satisfaction and healthcare outcomes through quality, compassionate coordinated care.
ApolloMed's partnership with IntraCare is poised to accelerate access to high-quality, value-based care for seniors in three areas. First, ApolloMed's ACO will partner with IntraCare's primary care providers as part of the ACO REACH program, an attribution-based risk-bearing model designed to advance health equity and bring the benefits of accountable care to Medicare beneficiaries in underserved communities. In addition, ApolloMed will deploy its value-based care platform as the exclusive care enablement partner for IntraCare providers participating in the ACO REACH program. Finally, to further IntraCare's mission and growth, ApolloMed will lend IntraCare a $25 million senior secured convertible promissory note maturing in 2028. Guggenheim Securities, LLC acted as financial advisor to IntraCare in connection with the transactions.
Brandon Sim, Co-CEO of ApolloMed, stated, "We have admired IntraCare's demonstrated track record of successfully empowering local independent primary care practices in Texas and Oklahoma, a strategy which is aligned with and complementary to our success in our core markets. With this partnership, we are excited to build upon IntraCare's momentum and partner with their providers in our ACO, continuing to scale our Care Partners business. We also look forward to bringing our Care Enablement platform to these providers and will work closely with IntraCare's leadership team in continuing to expand upon their historical success while exploring additional avenues for collaboration down the road."
Anwar Kazi, CEO of IntraCare, added, "We are thrilled to be partnering with ApolloMed, a company that is aligned with IntraCare in its mission of empowering providers in the successful delivery of value-based care. We believe that joining forces with ApolloMed will enable us to accelerate the growth of our business as we look to continue expanding our affiliate network and owned clinic footprint within our existing geographic presence in Texas and Oklahoma."
About Apollo Medical Holdings, Inc.
ApolloMed is a leading physician-centric, technology-powered, risk-bearing healthcare management company. Leveraging its proprietary end-to-end technology solutions, ApolloMed operates an integrated healthcare delivery platform that enables providers to successfully participate in value-based care arrangements, thus empowering them to deliver high quality care to patients in a cost-effective manner.
Headquartered in Alhambra, California, ApolloMed's subsidiaries and affiliates include management services organizations (MSOs), affiliated independent practice associations (IPAs), and entities participating in the Centers for Medicare & Medicaid Services Innovation Center (CMMI) innovation models. For more information, please visit www.apollomed.net.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, such as statements about the Company's operational focus and strategic growth plans and expectations regarding its ability to successfully partner with third parties. Forward-looking statements reflect current views with respect to future events and financial performance and therefore cannot be guaranteed. Such statements are based on the current expectations and certain assumptions of the Company's management, and some or all of such expectations and assumptions may not materialize or may vary significantly from actual results. Actual results may also vary materially from forward-looking statements due to risks, uncertainties and other factors, known and unknown, including the risk factors described from time to time in the Company's reports to the Securities and Exchange Commission ("SEC"), including without limitation the risk factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC and any subsequent quarterly reports on Form 10-Q.
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations
(626) 943-6491
investors@apollomed.net
Carolyne Sohn, The Equity Group
(408) 538-4577
csohn@equityny.com
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SOURCE Apollo Medical Holdings, Inc. | https://www.wcjb.com/prnewswire/2023/07/31/apollo-medical-holdings-inc-announces-partnership-with-intracare-advance-value-based-care-texas-oklahoma/ | 2023-07-31T12:16:51 | 1 | https://www.wcjb.com/prnewswire/2023/07/31/apollo-medical-holdings-inc-announces-partnership-with-intracare-advance-value-based-care-texas-oklahoma/ |
Partnership Expands Access to Seizure First Aid Trainings for School Personnel
BOWIE, Md., July 31, 2023 /PRNewswire/ -- The Epilepsy Foundation today announced a five-year collaboration with Vector Solutions, the leading provider of training and software solutions for K-12 and higher education institutions, to offer the Epilepsy Foundation's Seizure Recognition & First Aid Certification training in the Vector Safety and Compliance Course Library. This agreement will provide an easy and convenient way for educators and school personnel, who are already contracted with Vector, to take the seizure first aid training to better serve their students.
There are 470,000 children living with epilepsy in the U.S. According to the Centers for Disease Control and Prevention (CDC), the opportunity for academic success is increased when students with chronic health conditions have a safe and supportive learning environment.
"Our collaboration with Vector will give school personnel — who are required by state laws to take seizure first aid training — a place to do so easily and effectively through a familiar learning portal," said Brandy Fureman, Ph.D., chief outcomes officer, Epilepsy Foundation. "In addition, it will expand access to our seizure first aid training to school systems around the country using Vector's platform. Our end goal is to have a seizure safe nation where everyone who has a seizure feels safe, no matter where they are. This partnership is a stepstone toward that goal."
In 2018, Kentucky led the charge to pass the nation's first-ever law requiring school personnel to complete seizure recognition and first aid training. Since then, the Epilepsy Foundation, family advocates and partner organizations have been working to pass similar Seizure Safe Schools legislation nationwide. The model Seizure Safe Schools legislation has five components, one of which requires all school personnel, including school nurses and teachers, to complete training so that they can recognize and respond appropriately and efficiently to students experiencing seizures. To date, almost half of the states have passed some form of Seizure Safe Schools legislation.
For years, the Epilepsy Foundation has partnered with the CDC to build nationwide programs to ensure school personnel, first responders, seniors, caregivers, and the public are better trained to recognize seizures and administer first aid. The Epilepsy Foundation's seizure first aid trainings provide information to increase knowledge, skills, and confidence in recognizing seizures and safely administering seizure first aid.
"We are excited to collaborate with the Epilepsy Foundation to deliver its trainings through our online learning management system," said, Rob Buelow, General Manager of Education at Vector Solutions. "The safety and well-being of students is paramount and educators must be properly equipped to address the unique needs of all students. Through this partnership, K-12 and higher education staff across the nation will be empowered to serve their students and ensure their health and safety."
For more information about the Epilepsy Foundation's seizure first aid trainings, visit epilepsy.com/firstaid. The trainings will be available in the Vector platform later this summer and school administrators who have a current subscription will receive notification when the trainings are live.
About Epilepsy
According to the World Health Organization, epilepsy is the most common serious brain disorder worldwide with no age, racial, social class, national or geographic boundaries. The U.S. Centers for Disease Control & Prevention estimates that 3.4 million people in the United States are affected by epilepsy. Epilepsy is the underlying tendency of the brain to produce seizures which are sudden abnormal bursts of electrical energy that disrupt brain functions.
About the Epilepsy Foundation
With a network of partners throughout the United States, the Epilepsy Foundation is leading the fight to overcome the challenges of living with epilepsy. The Foundation connects people to treatment, support, and resources; leads advocacy efforts; funds innovative research and the training of specialists; and educates the public about epilepsy and seizure first aid. For more than five decades, the Epilepsy Foundation has shone a light on epilepsy to promote awareness and understanding, and to advocate for laws that matter to people with epilepsy, while also funding epilepsy research and supporting epilepsy investigators and specialists in their early careers. In partnership with the CDC, the Epilepsy Foundation has helped to improve access to care for people with epilepsy, expanded its digital reach and online resources in homes across the country, and trained more than 600,000 people in seizure recognition and first aid. The Epilepsy Foundation continues to focus on serving the epilepsy community through advocacy, education, direct services and research for new therapies. To learn more visit epilepsy.com or call 1.800.332.1000. Follow us on Facebook and Twitter.
About Vector Solutions for K-12 Education
Vector Solutions for K-12 Education is a leading provider of training, software and professional development solutions committed to creating safer, smarter and better school environments. Trusted by more than 5,000 K-12 districts in the United States, Vector's award-winning suite of products save administrators time, improve compliance, and streamline administrative processes. Vector trainings on imperative topics like safety and compliance; inclusive instruction; mental health and well-being; diversity, equity and inclusion; and cybersecurity enable students and teachers alike to make schools safer, more inclusive, and more effective places to work and learn. For more information about Vector Solutions for K-12 Education, visit www.vectorsolutions.com/k12.
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SOURCE Epilepsy Foundation | https://www.cleveland19.com/prnewswire/2023/07/31/epilepsy-foundation-partners-with-vector-solutions-offer-seizure-first-aid-trainings-educators/ | 2023-07-31T12:16:53 | 1 | https://www.cleveland19.com/prnewswire/2023/07/31/epilepsy-foundation-partners-with-vector-solutions-offer-seizure-first-aid-trainings-educators/ |
Brisbane, Australia — Pre-tournament underdog Nigeria used a scoreless draw against Ireland on Monday to advance to the round of 16 of the Women’s World Cup. The Super Falcons finished second in Group B behind tournament co-host Australia.
Nigeria came closest to breaking the deadlock when Toni Payne found the head of Uchenna Kanu. A diving said by Courtney Brosnan was needed to keep the game scoreless.
Each team’s best chance to score in the first half came within the first 15 minutes from their respective star players. Ireland’s Katie McCabe was just off target with a left-foot shot in the 5th minute and Asisat Oshoala couldn’t convert off a breakaway that came nine minutes later.
With the point earned from the draw, Nigeria is into the round of 16. The 40th-ranked team in the world avoided defeat in all three of its group-stage matches, including a shocking 3-2 win over Australia.
Nigeria’s run is all the more surprising given the turmoil surrounding the team prior to the tournament. The team was able to put an ongoing pay dispute behind it and qualify for the knockout stage for the third time in its history.
Ireland’s women’s team heads home after earning one point in its first major global tournament. The team will look to use the experience gained to its advantage as it attempts to qualify for its first ever Women’s European Championship in 2025.
As the runner-up in Group B, Nigeria will play the winners of Group D next Monday in Brisbane.
With its tournament over, Ireland will now shift its focus to qualifying for its first Women’s European Championship in 2025.
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Taft Gantt is a student at the University of Georgia’s Carmical Sports Media Institute.
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AP Women’s World Cup coverage: https://apnews.com/hub/fifa-womens-world-cup and https://twitter.com/AP_Sports | https://www.washingtonpost.com/sports/soccer/2023/07/31/womens-world-cup-ireland-nigeria-match-summary/71d07322-2f9a-11ee-85dd-5c3c97d6acda_story.html | 2023-07-31T12:16:54 | 0 | https://www.washingtonpost.com/sports/soccer/2023/07/31/womens-world-cup-ireland-nigeria-match-summary/71d07322-2f9a-11ee-85dd-5c3c97d6acda_story.html |
HOUSTON, July 31, 2023 /PRNewswire/ -- AutomationEdge, a leading Hyperautomation platform has announced strategic partnership with eAlliance Corp, a cutting-edge Hyperautomation solutions provider.
The partnership will enable eAlliance Corp to provide AutomationEdge solutions such as CogniBot - a conversational AI platform, DocEdge - an intelligent document processing platform, Intelligent Service Desk Ticket Data Analysis, IT Process Automation (ITPA) and RPA. This collaboration will empower AutomationEdge and eAlliance Corp to help customers innovate with automation to move the needle on the top and bottom line.
AutomationEdge, along with its Hyperautomation platform, has also build the ready automation solutions across industries. It will help customers achieve faster Go-To-Market for automation projects with lower cost. It is empowering 250+ customers globally in Healthcare, Banking, Insurance, Financial Services and other industries.
For over 20 years, eAlliance Corp has been delivering technology solutions to businesses worldwide across industries. It has been a trusted advisor to its customer in innovation, strategy and execution of automation solutions. Through this partnership, eAlliance will be able to offer innovative business process automation solutions to customers focusing on key enterprise domains such as finance & accounting, customer service, procurement, human resources, cash applications and more.
About AutomationEdge
AutomationEdge is a leading Hyperautomation platform across the globe with end-to-end automation capabilities. With its platforms working together as one solution, it has enabled seamless process automation for global enterprises.
AutomationEdge has already delivered its innovative solutions to large multinational organizations like American Express, Smart Dubai Government, Wipro, AccentCare, Danone, University of Maryland Medical System, Aspen Pharmacare, Oman LNG, Mashreq Bank, HDFC Bank, and Genpact, to name a few.
For more details, contact sales or request a demo.
About eAlliance Corp
eAlliance Corp is a professional services firm with big company expertise and small company relationships, taking pride in agility and real-time responsiveness. eAlliance Corp is a trusted name in the Hyperautomation industry, offering comprehensive services and solutions to help businesses achieve their automation goals with ease. Founded in 2002 in Chicago, IL, staffed with resources in the US and India possessing vast experience and leadership in business and technology.
For more details, visit website.
For media inquiries, please contact:
Rahul Wandile
Media Relations – AutomationEdge
rahul.wandile@automationedge.com
www.automationedge.com
Follow AutomationEdge on: Twitter, Facebook, LinkedIn, and YouTube
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SOURCE AutomationEdge | https://www.wcjb.com/prnewswire/2023/07/31/automationedge-ealliance-corp-announced-partnership-hyperautomation-solutions/ | 2023-07-31T12:16:57 | 0 | https://www.wcjb.com/prnewswire/2023/07/31/automationedge-ealliance-corp-announced-partnership-hyperautomation-solutions/ |
First-of-Its-Kind Solution Helps Ensure Medicines Prescribed to Patients are Safe, Effective, and Appropriate, Tackling Growing Public Health Challenge Posed by Suboptimal Medication Use
FeelBetter's Pharmaco-Clinical Intelligence Aids in Proactively Identifying and Managing Polypharmacy-Related Risks, Reducing Preventable Deterioration and Hospitalizations
BOSTON and TEL AVIV, Israel , July 31, 2023 /PRNewswire/ -- FeelBetter, the leading provider of medication management technology and pioneer of Pharmaco-Clinical Intelligence, today announced that it has raised $5.9 million in funding. Firstime Ventures and Shoni Health Ventures led the funding round with participation from Random Forest VC, The Group Ventures, and existing FeelBetter investor Triventures, bringing the Company's total funding to $8 million.
A growing public health concern for senior patients, many of whom have multiple chronic conditions, the simultaneous use of multiple medications paves the way for poor health outcomes, increased use of health services, and rising care costs. In the US alone, every year, suboptimal medication management results in 275,000 deaths and more than $528B in avoidable costs.
Launched in 2018, FeelBetter is tackling the challenges associated with suboptimal medication management among polypharmacy patients. Led by an interdisciplinary team of clinicians, clinical pharmacists, and technologists, FeelBetter has pioneered a new category of technology called Pharmaco-Clinical Intelligence. It combines novel pharmacology and clinical capabilities and is changing the polypharmacy paradigm on both an individual and population health level. A comprehensive solution powered by AI and machine learning capabilities, FeelBetter's Pharmaco-Clinical Intelligence drives proactive, personalized medication management, helping healthcare professionals ensure that their patients' medication regimens are safe, effective, and appropriate.
"FeelBetter's purpose-built technology makes it possible to deliver a more personalized, whole-patient approach to medication management – one that goes beyond a single illness, diagnosis, or point in time, and comprehensively focuses on each individual's care journey," said Liat Primor, FeelBetter's CEO and Co-Founder. "At a time when investors are especially selective about the types of bets they are taking, this round and vote of confidence from the world-class teams at Fristime Ventures, Shoni Health Ventures, Random Forest VC, Triventures, and The Venture Group, as well as angel investors, validates the need for and potential of our Pharmaco-Clinical Intelligence as a solution for the growing, global health challenge posed by suboptimal medication management."
Yoram Hordan, FeelBetter's CTO, COO, and Co-Founder, added: "The funding will enable us to expand our reach, further refine our solution, and empower more healthcare providers to deliver personalized, proactive care. Our Pharmaco-Clinical Intelligence, developed collaboratively by clinical and pharmacology experts alongside technology and machine learning specialists, seamlessly matches a patient's specific clinical and pharmacology data with their sequence of health events. This unlocks unparalleled accuracy in detecting at-risk patients both individually and population wide and enables new levels of precision in disease management and prevention."
Recognizing that a range of diverse factors can influence a senior patient's health status, FeelBetter's Pharmaco-Clinical Intelligence synthesizes and analyzes healthcare data from multiple sources to pinpoint patients at high risk of deterioration and preventable hospitalization due to suboptimal medication management. The SaaS solution also proactively suggests immediate and actionable interventions to reduce polypharmacy risks, and aids healthcare providers in monitoring patients' progress and measuring the impact of clinical interventions. Additionally, by using FeelBetter, provider organizations can more effectively and efficiently allocate resources to better serve patients, and minimize preventable, costly use of healthcare services.
"FeelBetter's algorithm has been trained on two decades of longitudinal clinical, pharmacy, claims, and lab data from hundreds of thousands of patients to find patterns in the complex connections and relationships between disparate data sources," said Michael Kerbis, Founding Partner, Random Forest VC. "When taken together, these patterns can capture the full picture of a patient's health journey, enabling FeelBetter to predict which individuals are at the greatest risk of adverse events related to suboptimal medication regimens and recommend timely clinical interventions to drive better health outcomes."
Eran Lerer, CEO and Managing Partner, Shoni Health Ventures, said: "From risk stratifying patients to preventing adverse events so patients can safely stay in their communities, FeelBetter offers a proven, end-to-end solution for the suboptimal medication management problem. It's a groundbreaking tool that is poised to change how the medical community approaches polypharmacy, and we're thrilled to take part in this important transformation."
Keren Kopilov, Partner, Firstime Ventures, added: "By incorporating the expertise of physicians and clinical pharmacists, as well as leveraging data from all relevant sources, FeelBetter provides a solution that is uniquely comprehensive. It intuitively fits into clinical workflows and enables optimized medication management at unparalleled speed and scale. We look forward to leveraging our expertise to support FeelBetter's mission and continued growth as it meets the tremendous opportunities ahead."
About FeelBetter
FeelBetter is the pioneer of Pharmaco-Clinical Intelligence, changing the polypharmacy paradigm on both an individual and population health level with a comprehensive solution designed to tackle the challenges associated with suboptimal medication management. Powered by AI and machine learning capabilities, FeelBetter's Pharmaco-Clinical Intelligence drives personalized medication management, helping healthcare professionals ensure that their patients' medication regimens are safe, effective, and appropriate. The technology pinpoints patients at high risk of deterioration and preventable hospitalization due to suboptimal medication management, and proactively suggests immediate and actionable interventions to reduce these risks. Provider organizations use FeelBetter to monitor their patients' progress and more proactively deliver the right follow-up care, as well as to efficiently allocate resources and minimize preventable, costly use of healthcare services.
Led by an interdisciplinary team of clinicians, clinical pharmacists, and technologists, FeelBetter is headquartered in Boston and Tel Aviv, Israel. Investors include Firstime Ventures, Shoni Health Ventures, Triventures, Random Forest VC, The Group Ventures, and GoodCompany Ventures. To learn more, visit feelbetter.healthcare.
Media Contact
Nicole Pariser
nicole@i-feelbetter.com
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ABUJA, Nigeria — Residents of northeastern Nigeria’s Adamawa state were prohibited from leaving home Monday as authorities enforced a 24-hour lockdown period in response to what they said was widespread looting of shops and warehouses.
The statement alleged the law-breakers assaulted residents in Yola while breaking into businesses and homes and “carting away property.”
Several government policies introduced by Nigerian President Bola Tinubu, who took office in late May, have further squeezed millions of people battling with hunger and poverty in Africa’s biggest economy. The government ended decades-long gasoline subsidies, more than doubling the price of gas and causing a spike in prices of food and other essential commodities.
Images posted on social media appeared to show youths in Yola running away from shops carrying bags and household items. Additional security forces were deployed to the city, where the situation appeared calm as of Monday morning.
The state police command said it arrested 44 suspects and was investigating Sunday’s unrest. “Items like water pumps and seeds looted from the stores were seized from the suspects,” police spokesman Suleiman Nguroje said. | https://www.washingtonpost.com/world/2023/07/31/nigeria-curfew-looting-adamawa-state/a0647dfc-2f98-11ee-85dd-5c3c97d6acda_story.html | 2023-07-31T12:17:01 | 1 | https://www.washingtonpost.com/world/2023/07/31/nigeria-curfew-looting-adamawa-state/a0647dfc-2f98-11ee-85dd-5c3c97d6acda_story.html |
FREIT Board Committed to Protecting Value for All Stockholders
Highlights Kushner's Transaction Record with FREIT and Ongoing Litigation with Kushner
HACKENSACK, N.J., July 31, 2023 /PRNewswire/ -- First Real Estate Investment Trust of New Jersey, Inc. ("FREIT" or the "Company") (OTCM: FREVS) today announced that its Board of Directors has unanimously adopted a stockholder rights plan (the "Rights Plan") following evaluation and consultation with the Company's legal and financial advisors.
The Rights Plan is similar to plans adopted by other publicly traded companies incorporated in Maryland and is intended to protect the long-term interests of FREIT stockholders and to enable them to realize the full potential value of their investment. The Rights Plan has a three-year duration and the rights will be exercisable only if any person (or any persons acting as a group) acquires 10% or more of FREIT common stock. This ownership limitation better aligns FREIT with the ownership limitation of other REITs.
The Rights Plan does not preclude the Board from considering an offer that recognizes the full value of the Company. Rather, the Rights Plan will reduce the likelihood that any entity, person or group gains control of FREIT without paying an appropriate control premium. Importantly, the Rights Plan provides the Board with adequate time to fully assess its options following its receipt of an unsolicited, non-binding expression of interest from K Corp Acquisitions LLC, a Kushner company, to acquire FREIT.
While the Board will always evaluate credible proposals to maximize stockholder value, it is mindful that Charles Kushner has proven not to be a bona fide counterparty in a prior potential transaction with FREIT. As such, the Board believes any definitive agreement with Charles Kushner would carry significant, atypical closing and additional litigation risk.
The Rights Plan will benefit FREIT stockholders by providing the Company with enough time to pursue a final outcome in the previously announced ongoing litigation with Sinatra LLC, a Kushner company, related to Kushner's abandonment of a January 2020 definitive agreement to acquire certain of FREIT's assets. Following the outcome of the litigation, the Board will have greater flexibility to consider a value-maximizing transaction.
Additional Details of the Rights Plan
In connection with the adoption of the Rights Plan, the Board of Directors declared a dividend distribution of one preferred stock purchase right for each outstanding share of FREIT common stock to stockholders of record as of the close of business on August 11, 2023. Initially, these rights will not be exercisable and will trade with the shares of FREIT common stock.
The Rights Plan provides several recognized stockholder protections, such as the following:
- Under the Rights Plan, the rights generally will become exercisable if a person or group becomes an "acquiring person" by acquiring 10% or more of the common stock of FREIT (which includes stock subject to a derivative transaction or an acquired derivative security) or if a person commences a tender offer that could result in that person becoming an "acquiring person".
- If a person becomes an "acquiring person," each holder of a right (other than the acquiring person) would be entitled to purchase, at the then-current exercise price, such number of shares of common stock (or, subject to the terms of the Rights Plan, shares of preferred stock that are equivalent to shares of FREIT common stock) at a 50% discount. If FREIT is acquired in a merger or other business combination transaction after any such event, each holder of a right would then be entitled to purchase, at the then-current exercise price, shares of the acquiring company's common stock at a 50% discount. The Board, at its option, may exchange on a cashless basis, each right (other than rights owned by the acquiring person that have become null and void) in whole or in part, at an exchange ratio of one share of FREIT common stock per outstanding right, subject to adjustment.
- The Rights will expire in three years on July 31, 2026, unless the rights have been previously redeemed or exchanged by the Board of Directors in accordance with the terms of the Rights Plan.
Under the Rights Plan, any person, entity or group that currently owns more than the triggering percentage may continue to own its shares of FREIT common stock but may not acquire any additional shares of common stock, or form a group with another owner of FREIT common stock, without triggering the Rights Plan.
Additional details about the Rights Plan will be contained in a Current Report on Form 8-K to be filed by FREIT with the Securities and Exchange Commission.
Advisors
Goldman Sachs & Co. LLC is acting as financial advisor to FREIT and Goodwin Procter LLP and Miles & Stockbridge P.C. are acting as legal counsel.
About FREIT
First Real Estate Investment Trust of New Jersey, Inc. is a publicly traded (over-the-counter – symbol FREVS) REIT organized in 1961. Its portfolio of residential and commercial properties are located in New Jersey and New York, with the largest concentration in northern New Jersey. For more information, visit: www.freitnj.com.
Forward-Looking Statements
This Company release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements can be identified by the use of words such as "expect," "plan," "will," "estimate," "project," "intend," "believe," "guidance," "approximately," "anticipate," "may," "should," "seek" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions of management. These forward-looking statements are subject to known and unknown risks and uncertainties that you should not rely on as predictions of future events. Forward-looking statements depend on assumptions, data and/or methods which may be incorrect or imprecise and we may not be able to realize them. The following risks and uncertainties, among others, could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to: industry and economic conditions; the Company's ability to satisfy the conditions to closing and complete the proposed transaction; the Company's dependence upon its external manager to conduct its business and achieve its investment objectives; unknown liabilities acquired in connection with acquired properties or interests in real estate-related entities; general risks affecting the real estate industry and local real estate markets (including, without limitation, the market value of the Company's properties, potential illiquidity of the Company's remaining real estate investments, condemnations, and potential damage from natural disasters); the financial performance of the Company's tenants; the impact of any financial, accounting, legal or regulatory issues or litigation that may affect the Trust and its major tenants; volatility and uncertainty in the financial markets, including potential fluctuations in the consumer price index; risks associated with the Company's failure to maintain status as a REIT under the Internal Revenue Code of 1986, as amended; and other additional risks discussed in the Company's annual report on Form 10-K for the fiscal year ended October 31, 2022. The Company expressly disclaims any responsibility to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Media & Investor Contact
Scott Bisang / Nick Lamplough / Jack Kelleher
Collected Strategies
FREIT-IR@collectedstrategies.com
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Impact "much bigger than a single project"
WAYNESBORO, Ga., July 31, 2023 /PRNewswire/ -- Bechtel, the engineering, procurement, and construction company brought in to complete construction on new Units 3 and 4 at the Vogtle nuclear power plant in Georgia, today issued the following statement from Brendan Bechtel, Bechtel Chairman and CEO, marking the start of commercial operations for Unit 3:
"We are extremely proud of Bechtel's part in achieving this milestone. Our team has been 100 percent committed to Vogtle's completion since being brought in to finish the project.
"Today's start of commercial operations for Vogtle Unit 3 gives the Southeast a major new source of clean, reliable, carbon-free baseload energy. And, as the first new nuclear unit built in the U.S. in more than 30 years, it helps put America back on the map as a leader in the global nuclear industry.
"Bechtel has supported the design and construction of 150 nuclear plants worldwide. We know firsthand how Vogtle Units 3 and 4 go a long way in restoring America's muscle memory in nuclear construction, including the workforce and domestic supply chains required to build America's largest nuclear power plant. Vogtle Unit 3 comes online at a pivotal time when energy security concerns and the need to cut carbon emissions are driving growth in the world's nuclear fleet.
"Plant Vogtle will generate more carbon-free electricity yearly than any other energy facility currently operating in the country. Its completion reinforces that the United States is the responsible partner of choice for new nuclear energy around the world, and maintains U.S. interests in ensuring strong safety, security, and non-proliferation standards. This is why Vogtle's impact is much bigger than a single project.
"Thank you to the thousands of skilled craft professionals, union partners, engineers, project managers, procurement experts, suppliers, subcontractors, and everyone who made this day possible. And thank you to Georgia Power and Southern Nuclear for the opportunity to bring this project over the finish line. We look forward to doing the same with Unit 4 in the coming months."
Background
In 2017, Bechtel was brought in by Georgia Power and Southern Nuclear to take over construction of Vogtle Units 3 and 4, bringing extensive experience supporting the design and construction of 150 nuclear plants worldwide. Vogtle Units 3 and 4 are the first Westinghouse AP1000 units to ever be built in the U.S.
Bechtel has completed more than 76,000 megawatts of new nuclear generation capacity and has designed, built, or performed engineering and/or construction services on more than 80% of nuclear plants in the United States. Today, the company leads efforts in designing and constructing advanced nuclear plants, critical to global efforts to achieve net zero carbon emissions.
Bechtel partnered with North America's Building Trades Unions (NABTU) to build Plant Vogtle Units 3 and 4. At peak, Bechtel and NABTU had a combined 9,000 workers on site.
About Bechtel
Bechtel is a trusted engineering, construction, and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers' objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world's infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place.
Bechtel serves the Energy; Infrastructure; Manufacturing & Technology; Mining & Metals; and Nuclear, Security & Environmental markets. Our services span from initial planning and investment through start-up and operations. www.bechtel.com
Contact:
Amanda Meixel
ammeixel@bechtel.com
M: 1-706-360-5526
P: 1-703-429-6313
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SOURCE Bechtel | https://www.wcjb.com/prnewswire/2023/07/31/bechtel-commercial-operations-vogtle-unit-3-is-an-important-milestone-us-nuclear-industry/ | 2023-07-31T12:17:06 | 1 | https://www.wcjb.com/prnewswire/2023/07/31/bechtel-commercial-operations-vogtle-unit-3-is-an-important-milestone-us-nuclear-industry/ |
Success of the Global Premier Fertility Platform Leading to Additional Growth and Expansion
IRVINE, Calif., July 31, 2023 /PRNewswire/ -- Global Premier Fertility, a world-class fertility network that builds, leads, and manages fertility clinics and adjacent businesses announced the closing of a syndicated round of capital from existing investors and a new institutional funding partner, for an undisclosed amount.
The funding will provide Global Premier Fertility the ability to continue its key strategic initiatives for current platform growth and expansion, along with the recruitment of Reproductive Endocrinologists needed for immediate opportunities.
"We're very excited about the success of the platform and the opportunity for growth by expanding our core business through our partnerships with fertility centers and major health systems," said Kolin Ozonian, Founder and CEO of Global Premier Fertility. "As the need for high-quality fertility care continues to grow, we're positioned to address the fertility market demands by leveraging our unique partnership model with the best fertility specialists in the country to provide unrivaled, highly-personalized care."
Global Premier Fertility also recently held its first annual Science and Operations Summit in a private setting in Laguna Beach, CA. The scientific team covered the past, present and future of fertility and embryology science, highlighting the exciting advancements arriving to fertility laboratories in the near future. Ferring Pharmaceuticals also held an interactive session of their proprietary fertility patient experience map, providing keen insights to the challenges patients navigate through their fertility journey.
"Our first annual summit was a great success, notably was the robust discussion and collaboration of best practices regarding patient care and experience, not only from our Global Premier Fertility physicians and team members, but also with the physicians who attended from outside of the Global Premier Fertility network," said Rob Doll, President of Global Premier Fertility. "The summit further highlights the differentiating aspects of what separates Global Premier Fertility from other networks in the fertility industry."
For more information about Global Premier Fertility, please visit https://globalpremierfertility.com/.
About Global Premier Fertility:
Global Premier Fertility offers a unique partnership model through an innovative platform that builds, leads and manages fertility centers, providing physicians the resources needed to lead day-to-day operations while working alongside an experienced fertility leadership team to execute the vision of the practice. The Global Premier Fertility family of Partner Centers improves patient outcomes by providing a seamless patient experience through an innovative, comprehensive suite of services, delivering personalized fertility care from the nation's top specialists.
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SOURCE Albatross Capital Partners | https://www.cleveland19.com/prnewswire/2023/07/31/global-premier-fertility-closes-syndicated-round-funding-holds-its-first-annual-science-operations-summit/ | 2023-07-31T12:17:12 | 1 | https://www.cleveland19.com/prnewswire/2023/07/31/global-premier-fertility-closes-syndicated-round-funding-holds-its-first-annual-science-operations-summit/ |
NEW YORK, July 31, 2023 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC) ("BGC"), a leading global brokerage and financial technology company, today announced the addition of a Weather Derivatives Team with the hire of Nicholas and Eric Ernst. Nicholas joins the firm as Managing Director, BGC Weather Derivatives while Eric joins as Weather Broker.
John Abularrage, Co-Global Head of Financial Services Brokerage, commented on today's announcement, "We are excited to welcome Nicholas and Eric to BGC. They bring with them almost three decades of invaluable experience in the weather derivatives and climate risk transfer space. With these new hires, BGC now operates the premier weather and climate derivatives desk in the industry."
Nicholas Ernst brings with him over 20 years of experience in the weather derivatives and risk transfer space. Prior to joining BGC, he served as Managing Director, Weather Markets at ICAP. Additionally, Nicholas spent time in similar roles at OTC Global and Evolutions Markets.
Before joining BGC, Eric Ernst served as a Weather Broker at ICAP. Prior to that, Eric held various roles at Choice Energy and spent three years in the renewable energy sector.
About BGC Group, Inc.
BGC Group, Inc. ("BGC") began trading on Nasdaq at the market opening on July 3, 2023, under the new ticker symbol "BGC", following the corporate conversion of its predecessor BGC Partners, Inc. (formerly Nasdaq: BGCP). BGC is a leading global brokerage and financial technology company. BGC, through its various affiliates, specializes in the brokerage of a broad range of products, including Fixed Income (Rates and Credit), Foreign Exchange, Equities, Energy and Commodities, Shipping, and Futures. BGC, through its various affiliates, also provides a wide variety of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services to a broad range of financial and non-financial institutions. Through its brands, including Fenics®, FMX™, FMX Futures Exchange™, Fenics Markets Xchange™, Fenics Digital™, Fenics UST™, Fenics FX™, Fenics Repo™, Fenics Direct™, Fenics MID™, Fenics Market Data™, Fenics GO™, Fenics PortfolioMatch™, BGC®, BGC Trader™, kACE2™, and Lucera®, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. BGC, BGC Group, BGC Partners, BGC Trader, GFI, GFI Ginga, CreditMatch, Fenics, Fenics.com, FMX, Sunrise Brokers, Poten & Partners, RP Martin, kACE2, Capitalab, Swaptioniser, CBID, Caventor, LumeMarkets and Lucera are trademarks/service marks and/or registered trademarks/service marks of BGC and/or its affiliates.
BGC's customers include many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms. BGC's Class A common stock trades on the Nasdaq Global Select Market under the ticker symbol "BGC". BGC is led by Chairman of the Board and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcg.com. You can also follow BGC at https://twitter.com/bgcgroupinc, https://www.linkedin.com/company/bgc_group and/or http://ir.bgcg.com.
Discussion of Forward-Looking Statements about BGC
Statements in this document regarding BGC that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, BGC undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Media Contact:
Karen Laureano-Rikardsen
+1 212-829-4975
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SOURCE BGC Group, Inc. | https://www.wcjb.com/prnewswire/2023/07/31/bgc-group-hires-nicholas-eric-ernst-launch-weather-derivatives-desk/ | 2023-07-31T12:17:13 | 0 | https://www.wcjb.com/prnewswire/2023/07/31/bgc-group-hires-nicholas-eric-ernst-launch-weather-derivatives-desk/ |
Global wellness company introduces revolutionary Derma Fusion Technology to target enhanced weight management
FRISCO, Texas, July 31, 2023 /PRNewswire/ -- With many revolutionary wearable nutrition formulas already part of the impressive Le-Vel Brands product lineup, DFT DUO ELITE is the latest addition designed to elevate weight management support.
"To say this is our strongest, most creative formula is an understatement. The intent behind this product is a left/right approach to help it circulate faster, in a more efficient manner and is engineered for healthy weight management." - Le-Vel CEO, Jason Camper
DFT DUO ELITE is the largest, most powerful Derma Fusion Technology (DFT) ever created, made to heighten weight management results. Using the original DFT DUO and ELITE DFT as inspiration, this is a strengthened version formulated with an expanded footprint & higher concentrations of ingredients that support fat burning while retaining lean muscle.
DUO ELITE is the final step of a simple, three-part morning routine. Begin the THRIVE ELITE Experience by taking two ELITE Lifestyle Capsules with water in the morning. 20-40 minutes later, drink the ELITE Lifestyle Mix. Lastly, apply your DFT DUO ELITE to both the right & left side of your body and leave on for 24 hours. Use daily for maximum benefits.
Reviews are flowing in from customers already:
"This thing packs a serious punch. I love that Le-Vel is always evolving with the customer's needs. We asked for more power and they delivered." - Mikey O.
"Wow, the appetite support and extra energy even on Day 2 is AMAZING!" - Tiffany V.
For more information about DFT DUO ELITE, go to: www.le-vel.com/Products/THRIVE/DuoEliteDFT
Meaningful weight loss requires healthy lifestyle choices, diet and exercise, and good nutritional intake.
Founded in 2012 by Jason Camper and Paul Gravette, Le-Vel formulates and sells health and wellness products and skincare. Le-Vel's products include the THRIVE Experience and THRIVE ELITE Experience. Le-Vel has over 10 million Customer and Brand Promoter accounts and currently ships within North America, Southeast Asia, Australia, New Zealand, and the UK.
To learn more about Le-Vel, visit: www.le-vel.com
Le-Vel Instagram - https://www.instagram.com/le_velofficial/
Le-Vel Facebook - https://www.facebook.com/LevelBrands
Media Contact: Liz Reuth liz.reuth@le-vel.com
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SOURCE Le-Vel Brands | https://www.cleveland19.com/prnewswire/2023/07/31/go-bigger-le-vel-launches-largest-most-powerful-wearable-nutrition-ever-made/ | 2023-07-31T12:17:17 | 1 | https://www.cleveland19.com/prnewswire/2023/07/31/go-bigger-le-vel-launches-largest-most-powerful-wearable-nutrition-ever-made/ |
- Cash, cash equivalents, and marketable securities totaled $349.0 million as of June 30, 2023
- Announced positive interim data from BHV-7000 EEG biomarker study demonstrating evidence of central nervous system (CNS) target engagement, confirming previously reported preclinical and clinical data, and highlighting the paradigm-changing potential of BHV-7000 in the treatment of epilepsy and mood disorders
- Brain penetrant TYK2/JAK1 inhibitor, BHV-8000, advanced into Phase 1 with projected therapeutic concentrations achieved and well-tolerated profile observed to date
- Advanced targeted extracellular protein degradation platform with potential to support numerous clinical candidates across a broad range of high unmet need indications
- Orphan drug designation (ODD) granted by the European Commission for taldefgrobep alfa a novel anti-myostatin adnectin, for the treatment of spinal muscular atrophy (SMA)
- Type A meeting planned with FDA regarding troriluzole program in Spinocerebellar Ataxia Type 3 (SCA3) and enrollment in Phase 3 obsessive compulsive disorder (OCD) trial expected to complete at end of 2023
NEW HAVEN, Conn., July 31, 2023 /PRNewswire/ -- Biohaven Ltd. (NYSE: BHVN) (Biohaven or the Company), a global clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of life-changing therapies to treat a broad range of rare and common diseases, today reported financial results for the second quarter ended June 30, 2023, and provided a review of recent accomplishments and anticipated upcoming milestones.
Vlad Coric, M.D., Chairman and Chief Executive Officer of Biohaven, commented, "In less than a year since our spin-off, the Biohaven team has driven strong and consistent progress across multiple drug development platforms. We were excited to recently report positive interim data from the ongoing EEG biomarker study of our lead Kv7 activator, BHV-7000. As expected, BHV-7000 demonstrated CNS activity consistent with what has been reported in EEG studies with other Kv7 channel activators in development that are clinically effective in treating epilepsy and with other approved anti-seizure medications. Importantly, BHV-7000 demonstrates CNS target engagement but is not associated with the typical CNS adverse events associated with other ASMs, like somnolence and fatigue. We look forward to completing the higher dose groups in this EEG study and initiating Phase 2/3 studies with our once daily, extended-release oral formulation later this year."
Dr. Coric continued, "We also shared a number of equally exciting announcements across our broader pipeline this quarter. We successfully administered the first three doses in the SAD portion of our ongoing SAD/MAD study evaluating BHV-8000, an oral, brain-penetrant, dual TYK2/JAK1 inhibitor. Potential therapeutic concentrations of BHV-8000 were achieved and BHV-8000 was well tolerated with only mild adverse events reported, reinforcing our plans to start a Phase 2 clinical trial with BHV-8000 in Parkinson's disease and potentially other neuroinflammatory diseases in 2024. In addition, we have advanced IND enabling preclinical studies and remain on track to submit an IND with our IgG degrader, BHV-1300, later this year. We also anticipate submitting an IND with our IgA degrader in 2024 as we continue to advance multiple clinical degrader candidates across a wide range of indications. We also shared key updates for our taldefgrobep alfa program (an anti-myostatin) with enrollment completion in our pivotal study in SMA and a planned Phase 2 trial initiation in obesity."
"Finally, I want to reaffirm Biohaven's commitment to the SCA3 patient community in spite of the recent disappointing regulatory decision by the FDA not to review our submitted NDA. Given the seriousness of SCA3 and consistent treatment benefits observed across multiple prespecified outcome measures, including an 80% delay in disease progression over the one-year study period with substantial risk reduction in falls, we believe that full consideration of all available data is warranted for this ultra-rare disease. Biohaven has built its foundation around our patient mission and we plan to continue to work with regulatory agencies to try to advance troriluzole for individuals suffering from SCA3."
Second Quarter 2023 and Recent Business Highlights
- Announced positive interim data from EEG biomarker study with BHV-7000 - In July 2023, the Company provided a preliminary data update from the ongoing electroencephalogram (EEG) biomarker study for the Kv7 Channel Activator platform. Preliminary Phase 1 data confirmed evidence of target engagement in the central nervous system for subjects with projected therapeutic concentrations of BHV-7000 (based on the EC50 from preclinical models), measured by changes from baseline in EEG spectral power that occurred after dosing. These pharmacodynamic (PD) effects were similar to those reported in the literature for anti-seizure medicines (ASMs), including Kv7 activators in development that are clinically effective in treating epilepsy. BHV-7000's PD effects were also differentiated from those reported for other Kv7 activators including, specifically, the absence of increases in EEG spectral power in frequency bands associated with drowsiness and somnolence. Results from the low-dose group validate the preclinical hypothesis, confirm the Phase 1 SAD/MAD clinical data, and provide strong support for Biohaven's plans to initiate pivotal studies with BHV-7000 in focal epilepsy and bipolar disorder in the second half of 2023. The preliminary data highlight BHV-7000's differentiation and potentially favorable clinical profile compared to other ASMs, and the Company expects to present the complete EEG results by the end of the year. Additionally, new pharmacokinetic data from multiple clinical formulations being studied has now confirmed a once daily extended-release oral formulation that will be used in the Phase 2/3 clinical programs.
- Successfully dosed three cohorts with single ascending doses of oral, brain penetrant, dual TYK2/JAK1 agent, BHV-8000 - In July 2023, the Company announced that it successfully dosed three cohorts in the SAD portion of an ongoing SAD/MAD Phase 1 study evaluating brain penetrant TYK2/JAK1 agent, BHV-8000 in healthy volunteers. The ongoing Phase 1 study is designed to evaluate the safety, tolerability, pharmacokinetics (PK) and PD of single and multiple ascending doses of BHV-8000 in healthy volunteers. Based on the preliminary data available, projected therapeutic concentrations of BHV-8000 were achieved, and BHV-8000 was well tolerated with only mild adverse events reported. These data provide support for further development of BHV-8000, and the Company anticipates beginning a Phase 2 clinical trial with BHV-8000 in Parkinson's disease and potentially other neuroinflammatory diseases in 2024. The Company had previously reported initiation of dosing with BHV-8000 in the Phase 1 study at Biohaven's R&D Day in May 2023.
- Reported on continued progress observed with Biohaven's first-in-class bispecific IgG degrader, BHV-1300, as compound advances to IND filing in 2H2023 - In July 2023, the Company shared an update on BHV-1300's highly competitive safety, manufacturable and PD profile. The Company is assembling a pipeline of partially de-risked, follow-on IgG degraders as well as antigen-specific degraders providing both optionality and a sustainable output of drug candidates for several years. An IND application for BHV-1300 is on track for submission in 2023 and an IND application for Biohaven's IgA degrader on track for submission in 2024
- Type A meeting planned to comprehensively address FDA's concerns in connection with Troriluzole program in SCA3 - In July 2023, the Company announced that the FDA informed Biohaven it would not review the recently submitted New Drug Application (NDA) for troriluzole for the treatment of spinocerebellar ataxia type 3 (SCA3), an ultra-rare, genetically-defined, neurodegenerative disease associated with progressive disability, frequent falls, loss of ambulation, speech and swallowing impairment, and premature death that is the most common SCA genotype worldwide. The FDA informed Biohaven it would not review the application given that the study's primary endpoint was not met and thus, would not permit a substantive review. Biohaven is committed to working closely with the FDA to bring troriluzole to people with SCA3 as quickly as possible given no therapy is currently approved for this ultra-rare genetic disorder. Biohaven plans to request a Type A meeting to comprehensively address FDA's concerns cited in the refusal to file letter.
- EMA orphan drug designation granted for taldefgrobep alfa for the treatment of SMA: - In July 2023, the Company announced that taldefgrobep alfa received orphan drug designation (ODD) from the European Commission for taldefgrobep for the treatment of SMA. Taldefgrobep previously received Fast-Track and ODD from the FDA. At Biohaven's R&D Day, the Company announced plans to complete randomization of approximately 180 patients in global SMA trial.
Upcoming Milestones:
Biohaven is progressing its product candidates through clinical programs in a number of common and rare disorders. The Company plans to reach significant pipeline milestones in the coming periods. Biohaven expects to:
- Announce Phase 1 EEG study results by year-end 2023: The Company expects to present complete results from its ongoing EEG study with BHV-7000 in healthy volunteers by the end of the year.
- Initiate Phase 2/3 studies with BHV-7000 in the second half of 2023: Biohaven expects to initiate pivotal trials in patients with focal epilepsy and bipolar disorder in the second half of 2023.
- Submit IND with BHV-1300, the Company's lead extracellular degrader: The Company expects to submit an IND with pan-IgG degrader BHV-1300 in the second half of 2023 and expects to initiate Phase 2 studies in 2024.
- Submit IND with selective Gd-IgA1 degrader: The Company expects to submit an IND with a Gd-IgA1 degrader indicated for IgA nephropathy in the first half of 2024.
- Initiate Phase 2 study with BHV-8000: The Company commenced Phase 1 studies with BHV-8000, an oral, brain-penetrant, dual TYK2/JAK1 inhibitor for neuroinflammatory disorders, in the first half of 2023 and expects to initiate a Phase 2 study in Parkinson's disease in 2024.
- Submit IND with BHV-2100 in chronic pain: The Company expects to submit an IND with BHV-2100, a selective TRPM3 antagonist in the Company's ion channel platform, in the second half of 2023.
- Complete enrollment in Phase 3 study of troriluzole in OCD in 2023: Two Phase 3 randomized, double-blind, placebo-controlled studies of troriluzole in OCD are expected to enroll up to 700 patients (in each trial) across nearly 200 global study sites. The Company anticipates completing enrollment in at least one Phase 3 trial by year-end 2023.
- Complete enrollment in Phase 3 clinical study of taldefgrobep alfa in SMA: The Company expects to complete enrollment in the study of taldefgrobep in SMA in the second half of 2023.
- Continue advancements across multiple neuroscience and immunoscience indications: The Company's preclinical pipeline includes a platform of bispecific degraders of extracellular proteins directed against IgG, IgA and other targets, TRPM3 and Kv7 family of ion channels, and other undisclosed targets, including those with disease-modifying potential.
Capital Position:
Cash, cash equivalents and marketable securities as of June 30, 2023 was $349.0 million, including $13.9 million of restricted cash, and excluding $40.4 million of cash payable to Biohaven Pharmaceutical Holding Company Ltd. (the Former Parent), compared to $467.9 million, including $2.5 million of restricted cash, and excluding $35.2 million of cash payable to the Former Parent, as of December 31, 20221.
Second Quarter 2023 Financial Highlights:
Research and Development (R&D) Expenses: R&D expenses, including non-cash share-based compensation costs, were $79.5 million for the three months ended June 30, 2023, compared to $177.1 million for the three months ended June 30, 2022. Non-cash share-based compensation expense was $2.5 million for the three months ended June 30, 2023, a decrease of $10.3 million as compared to the same period in 2022. Non-cash share-based compensation expense was higher in the second quarter of 2022 primarily because expense allocated from the Former Parent equity plan, prior to the spin-off, was based on equity awards with higher grant date fair values.
General and Administrative (G&A) Expenses: General and administrative expenses were $14.5 million for the three months ended June 30, 2023, compared to $20.0 million for the three months ended June 30, 2022. The decrease of $5.5 million was primarily due to decreased non-cash share-based compensation costs. Non-cash share-based compensation expense was $2.2 million for the three months ended June 30, 2023, a decrease of $5.8 million as compared to the same period in 2022. Non-cash share-based compensation expense was higher in the second quarter of 2022 primarily because expense allocated from the Former Parent equity plan, prior to the spin-off, was based on equity awards with higher grant date fair values.
Other Income (Expense), Net: Other income (expense), net was a net income of $5.8 million for the three months ended June 30, 2023, compared to net expense of $0.1 million for the three months ended June 30, 2022. The increase of $5.9 million was primarily due to an increase in net investment income and an increase of $1.7 million in other income related to our transition services provided to the Former Parent, which is largely non-recurring.
Net Loss: Biohaven reported a net loss for the three months ended June 30, 2023, of $90.3 million, or $1.32 per share, compared to $203.3 million, or $5.16 per share, for the same period in 2022. Non-GAAP adjusted net loss for the three months ended June 30, 2023 was $85.7 million, or $1.25 per share, compared to $182.5 million, or $4.63 per share for the same period in 2022. These non-GAAP adjusted net loss and non-GAAP adjusted net loss per share measures, more fully described below under "Non-GAAP Financial Measures," exclude non-cash share-based compensation charges. A reconciliation of the GAAP financial results to non-GAAP financial results is included in the tables below. For periods prior to Biohaven's spin-off from the Former Parent on October 3, 2022 (the "Spin-Off"), net loss per share and non-GAAP adjusted net loss per share were calculated based on the 39,375,944 common shares of Biohaven distributed to the Former Parent shareholders at the time of the distribution, including common shares issued in connection with the Former Parent share options that were settled on October 3, 2022 and common shares issued in connection with the Former Parent restricted share units that vested on October 3, 2022. The same number of shares is being utilized for the calculation of basic and diluted earnings per share for all periods presented prior to the Spin-Off.
Non-GAAP Financial Measures
This press release includes financial results prepared in accordance with accounting principles generally accepted in the United States (GAAP), and also certain non-GAAP financial measures. In particular, Biohaven has provided non-GAAP adjusted net loss and adjusted net loss per share, which are adjusted to exclude non-cash share-based compensation, which is substantially dependent on changes in the market price of common shares. Non-GAAP financial measures are not an alternative for financial measures prepared in accordance with GAAP. However, Biohaven believes the presentation of non-GAAP adjusted net loss and adjusted net loss per share, when viewed in conjunction with GAAP results, provides investors with a more meaningful understanding of ongoing operating performance and can assist investors in comparing Biohaven's performance between periods.
In addition, these non-GAAP financial measures are among those indicators Biohaven uses as a basis for evaluating performance, and planning and forecasting future periods. These non-GAAP financial measures are not intended to be considered in isolation or as a substitute for GAAP financial measures. A reconciliation between these non-GAAP measures and the most directly comparable GAAP measures is provided later in this news release.
About Biohaven
Biohaven is a global clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of life-changing therapies to treat a broad range of rare and common diseases. Biohaven's experienced management team brings with it a track record of delivering new drug approvals for products for diseases such as migraine, depression, bipolar and schizophrenia. The company is advancing a pipeline of therapies for diseases, many of which have limited or no treatment options, leveraging its proven drug development capabilities and proprietary platforms, including Kv7 ion channel modulation for epilepsy and neuronal hyperexcitability, glutamate modulation for obsessive-compulsive disorder and spinocerebellar ataxia, myostatin inhibition for neuromuscular diseases and metabolic disorders, and brain-penetrant TYK2/JAK1 inhibition for neuroinflammatory disorders. Biohaven's portfolio of early- and late-stage product candidates also includes discovery research programs focused on TRPM3 channel activation for neuropathic pain, CD-38 antibody recruiting, bispecific molecules for multiple myeloma, antibody drug conjugates (ADCs), and targeted extracellular protein degradation platform technology (MoDE™) with potential application in neurological disorders, cancer, and autoimmune diseases.
Forward-looking Statements
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The use of certain words, including "continue", "plan", "will", "believe", "may", "expect", "anticipate" and similar expressions, is intended to identify forward-looking statements. Investors are cautioned that any forward-looking statements, including statements regarding the future development, timing and potential marketing approval and commercialization of development candidates, are not guarantees of future performance or results and involve substantial risks and uncertainties. Actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors including: the expected timing, commencement and outcomes of Biohaven's planned and ongoing clinical trials; the timing of planned interactions and filings with the FDA; the timing and outcome of expected regulatory filings; complying with applicable U.S. regulatory requirements; the potential commercialization of Biohaven's product candidates; the potential for Biohaven's product candidates to be first in class therapies; and the effectiveness and safety of Biohaven's product candidates. Additional important factors to be considered in connection with forward-looking statements are described in Biohaven's filings with the Securities and Exchange Commission, including within the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations". The forward-looking statements are made as of the date of this new release, and Biohaven does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
MoDEs is a trademark of Biohaven Therapeutics Ltd.
Investor Contact:
Jennifer Porcelli
Vice President, Investor Relations
jennifer.porcelli@biohavenpharma.com
+1 (201) 248-0741
Media Contact:
Mike Beyer
Sam Brown Inc.
mikebeyer@sambrown.com
+1 (312) 961-2502
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SOURCE Biohaven Ltd. | https://www.wcjb.com/prnewswire/2023/07/31/biohaven-reports-second-quarter-2023-financial-results-recent-business-developments/ | 2023-07-31T12:17:19 | 1 | https://www.wcjb.com/prnewswire/2023/07/31/biohaven-reports-second-quarter-2023-financial-results-recent-business-developments/ |
LA ROMANA, Dominican Republic, July 31, 2023 /PRNewswire/ -- The international known company Hilton Hotels & Resorts opens its doors to its Hilton Garden Inn La Romana hotel project in the Dominican Republic, in collaboration with a group of important investors under the company Riverhome Capital S.A.S., whose main shareholder is the prominent Dominican former major league player, Edwin Encarnación; together with the vision of the lawyer Guillermo Estrella Ramia and the Minister of Tourism, David Collado.
The inauguration was led by Luis Abinader Corona, president of the Dominican Republic and who expressed that "This hotel has something very special, opening up the beach and the sector of La Caleta of La Romana, which for a long time was closed to the province and its visitors. Since private investment must always be accompanied by public infrastructure, we are working on creating them, so we are all part of this development of La Romana."
With an investment of 25 million united states dollars and the creation of more than 300 direct jobs, it is considered as a hotel option for the growing flows of tourists that the area is currently receiving. Located a short distance from other points of relevance, such as La Romana Airport 18 minutes away, Casa de Campo 12 minutes away and Central Romana just a few blocks away.
The new hotel facility has a privileged location on a 5,000 square meters property, located on the coast of the municipal district of La Caleta, La Romana province. With a capacity of 130 rooms, distributed in five of the seven floors of the building, it also counts with swimming pools, two bars, a restaurant, gym, event, meeting and multipurpose rooms, and outdoor areas, ideal for social and corporate celebrations.
The hotel responds to the interest of Edwin Encarnación to invest in the development of his province of origin, who expressed that "from the moment this project was presented to me, I knew that I had to be part and be the one to assume this. I joined the development of this hotel, with the only requirement that most of the workers came from here, from my town La Romana, and we achieved this."
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SOURCE Grupo De Valle | https://www.cleveland19.com/prnewswire/2023/07/31/hilton-garden-inn-la-romana-dominican-republic-celebrates-its-opening/ | 2023-07-31T12:17:24 | 0 | https://www.cleveland19.com/prnewswire/2023/07/31/hilton-garden-inn-la-romana-dominican-republic-celebrates-its-opening/ |
SAN FRANCISCO, July 31, 2023 /PRNewswire/ -- Today, Blitz Insurance, a specialty insurance carrier, partners with Ascend to modernize payment experiences for insurance brokers selling in specialty markets. With this partnership, Blitz Insurance will open new customer segments by offering both direct bill and premium financing into their payments workflow.
"When we looked into the market for a solution, Ascend was the right choice. Ascend meets our needs for a better payments experience for our partners while reducing everyone's operational expenses," said Brandon Murphy, Chief Distribution Officer of Blitz Insurance. "We will now have the ability to not only expand to direct bill and a premium finance option but also simplify the movement of money between us and our partners."
With Ascend, Blitz Insurance is now able to provide a direct bill in addition to their existing agency bill workflow - allowing brokers to decide what billing method works best for them. By utilizing Ascend, Blitz Insurance not only grows their footprint of appointed brokers but also gains administrative efficiency by automating what would otherwise have been a large operational undertaking.
Ascend automatically attributes incoming payments to policies in real time, speeding up the reconciliation process. By modernizing the payments experience and speeding up the reconciliation of incoming premiums, Blitz Insurance can offer a best-in-class experience to its brokers and agents.
"We find that across the insurance ecosystem - companies want to provide a seamless payment workflow for their customers and their teams," said Andrew Wynn, co-CEO of Ascend. "Ascend is built so brokers and carriers can offer this experience without shouldering the administrative resources and costs needed to support these operations."
About Ascend
Ascend is the first insurance payments platform that automates financial operations from collections and financing to carrier and commission payables. Founded by two-time insurtech entrepreneurs Andrew Wynn and Praveen Chekuri, Ascend helps insurance brokers, MGAs, and carriers improve their bottom lines by eliminating expensive and labor-intensive payment workflows. To learn more, please visit LinkedIn, Twitter or check out https://www.useascend.com/.
About Blitz Insurance
Blitz is a tech-driven insurer revolutionizing the $60B specialty market catering to SME segment. By leveraging industry knowledge and cutting-edge technology, we deliver a simpler, smarter, and faster coverage experience.
The company is led by a veteran team of insurance and technology experts and has been funded with $25M from its founder & CEO, a Forbes-listed serial entrepreneur in the real estate and insurance industries.
Contact:
Mike Nguyen
press@useascend.com
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- CARDIO-TTRansform is the largest, most comprehensive ATTR-CM study with more than 1,400 patients enrolled
- Eplontersen is currently under U.S. FDA review for ATTRv-polyneuropathy, with ATTR-CM representing a second, larger potential patient population
CARLSBAD, Calif., July 31, 2023 /PRNewswire/ -- Ionis Pharmaceuticals, Inc. (Nasdaq: IONS) today announced the completion of enrollment in the Phase 3 CARDIO-TTRansform cardiovascular outcomes study of eplontersen in patients with transthyretin-mediated amyloid cardiomyopathy (ATTR-CM), a large and growing patient population at risk of life-threatening cardiovascular (CV) events. The study enrolled more than 1,400 patients.
Eplontersen is an investigational antisense medicine designed to inhibit the production of transthyretin and slow the progression of cardiomyopathy for people living with hereditary or wild-type ATTR-CM.
"CARDIO-TTRansform is the largest and most comprehensive ATTR-CM study ever conducted. The evaluation of eplontersen in this broad, diverse patient population will enable robust and clinically meaningful analysis of the composite endpoint of CV mortality and recurrent CV events," said Eugene Schneider, M.D., executive vice president and chief clinical development officer for Ionis. "It will also allow us to gather data from important patient subsets, including patients with or without stabilizer therapy and those with or without hereditary disease within the evolving ATTR-CM landscape. We look forward to reporting results as early as the first half of 2025."
As part of a global development and commercialization agreement, Ionis and AstraZeneca are seeking regulatory approval for eplontersen for the treatment of transthyretin-mediated amyloid polyneuropathy (ATTRv-PN) in the U.S. and plan to seek regulatory approval in Europe and other parts of the world. The U.S. Food and Drug Administration accepted the New Drug Application for eplontersen for the treatment of ATTRv-PN with a PDUFA action date of Dec. 22, 2023. Eplontersen was granted Orphan Drug Designation in the U.S.
For more information on the CARDIO-TTRansform study, please visit www.clinicaltrials.gov (NCT04136171).
About the CARDIO-TTRansform Study
CARDIO-TTRansform is a global, double-blind, randomized, placebo-controlled Phase 3 cardiovascular outcome study in more than 1,400 patients with ATTR cardiomyopathy (ATTR-CM). It is designed to compare eplontersen to placebo in patients with both wild-type ATTRwt-CM and hereditary ATTRv-CM who are either naïve to treatment or on a currently available standard of care. The primary composite endpoint is cardiovascular (CV) mortality and recurrent CV clinical events comparing the two study arms up to week 140. Secondary endpoints include the change from baseline in the 6-minute walk test (6MWT) and the Kansas City Cardiomyopathy Questionnaire (KCCQ) scores at week 121, as well as the rates of CV mortality, CV clinical events and all-cause mortality at week 140.
About Eplontersen
Eplontersen is an investigational LIgand-Conjugated Antisense (LICA) medicine designed to inhibit the production of TTR protein. Eplontersen is being developed as a monthly self-administered subcutaneous injection to treat all types of ATTR. ATTR amyloidosis is a systemic, progressive and fatal disease in which patients experience multiple overlapping clinical manifestations caused by the inappropriate formation and aggregation of TTR amyloid deposits in various tissues and organs, including peripheral nerves, heart, intestinal tract, eyes, kidneys, central nervous system, thyroid and bone marrow. The progressive accumulation of TTR amyloid deposits in these tissues and organs leads to organ failure and eventually death.
About Transthyretin-mediated Amyloid Cardiomyopathy (ATTR-CM)
Transthyretin-mediated amyloid cardiomyopathy (ATTR-CM) is an underdiagnosed and potentially fatal disease. It is caused by the accumulation of misfolded TTR protein in the cardiac muscle. Patients experience ongoing debilitating heart damage resulting in progressive heart failure, which results in death within three to five years from disease onset. ATTR-CM includes both the genetic and wild-type form of the disease. Worldwide, there are an estimated 300,000 – 500,0001,2 patients with ATTR-CM.
About Ionis Pharmaceuticals, Inc.
For more than 30 years, Ionis has been a leader in RNA-targeted therapy, pioneering new markets and changing standards of care. Ionis currently has four marketed medicines and a promising late-stage pipeline highlighted by cardiovascular and neurological franchises. Our scientific innovation began and continues with the knowledge that sick people depend on us, which fuels our vision to become the leader in genetic medicine, utilizing a multi-platform approach to discover, develop and deliver life-transforming therapies.
To learn more about Ionis visit www.ionispharma.com and follow us on Twitter @ionispharma.
Ionis' Forward-looking Statements
This press release includes forward-looking statements regarding Ionis' business and the therapeutic and commercial potential of eplontersen, Ionis' technologies and other products in development. Any statement describing Ionis' goals, expectations, financial or other projections, intentions or beliefs is a forward-looking statement and should be considered an at-risk statement. Such statements are subject to certain risks and uncertainties including those related to our commercial products and the medicines in our pipeline, and particularly those inherent in the process of discovering, developing and commercializing medicines that are safe and effective for use as human therapeutics, and in the endeavor of building a business around such medicines. Ionis' forward-looking statements also involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although Ionis' forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by Ionis. As a result, you are cautioned not to rely on these forward-looking statements. These and other risks concerning Ionis' programs are described in additional detail in Ionis' annual report on Form 10-K for the year ended Dec. 31, 2022, and the most recent Form 10-Q quarterly filing, which are on file with the Securities and Exchange Commission. Copies of these and other documents are available from the Company.
In this press release, unless the context requires otherwise, "Ionis," "Company," "we," "our," and "us" all refer to Ionis Pharmaceuticals and its subsidiaries.
Ionis Pharmaceuticals® is a registered trademark of Ionis Pharmaceuticals, Inc.
1 Mohamed-Salem L, et al. Prevalence of wild type ATTR assessed as myocardial uptake in bone scan in the elderly population. Int J Cardiol. 2018 Nov 1;270:192-196. doi: 10.1016/j.ijcard.2018.06.006.
2 Cuscaden C, et al. Estimation of prevalence of transthyretin (ATTR) cardiac amyloidosis in an Australian subpopulation using bone scans with echocardiography and clinical correlation. J Nucl Cardiol. 2020 May 8. doi: 10.1007/s12350-020-02152-x.
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SAN JOSE, Calif., July 31, 2023 /PRNewswire/ -- Broadcom Inc. (NASDAQ: AVGO), a Delaware corporation headquartered in San Jose, CA, and a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its third quarter fiscal year 2023 financial results and business outlook on Thursday, August 31, 2023 after the close of the market. Broadcom's management will host a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and business outlook.
Date: Thursday, August 31, 2023
Time: 2:00 PM (PT); 5:00 PM (ET)
To Listen via Telephone: Preregistration is required by the conference call operator. Please preregister at https://register.vevent.com/register/BIab1222c9ed364122895c0b8a81ef898b. Upon registering, you will be emailed a link to the dial-in number and unique PIN.
To Listen via Internet: The conference call can be accessed live online in the Investors section of the Broadcom website at https://investors.broadcom.com.
Replay: An audio replay of the conference call can be accessed for one year through the Investors section of Broadcom's website at https://investors.broadcom.com.
About Broadcom Inc.
Broadcom Inc. (NASDAQ: AVGO), a Delaware corporation headquartered in San Jose, CA, is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions. Broadcom's category-leading product portfolio serves critical markets including data center, networking, enterprise software, broadband, wireless, storage and industrial. Our solutions include data center networking and storage, enterprise, mainframe and cyber security software focused on automation, monitoring and security, smartphone components, telecoms and factory automation. For more information, go to https://investors.broadcom.com.
Contact:
Broadcom Inc.
Ji Yoo
Investor Relations
408-433-8000
investor.relations@broadcom.com
(AVGO-Q)
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SOURCE Broadcom Inc. | https://www.wcjb.com/prnewswire/2023/07/31/broadcom-inc-announce-third-quarter-fiscal-year-2023-financial-results-thursday-august-31-2023/ | 2023-07-31T12:17:32 | 1 | https://www.wcjb.com/prnewswire/2023/07/31/broadcom-inc-announce-third-quarter-fiscal-year-2023-financial-results-thursday-august-31-2023/ |
Leading Fertility Clinic Network Extends Offering of TMRW's Automated Platform for the Safe Management & Storage of Frozen Eggs & Embryos to More Clinics Across the United States
NEW YORK, July 31, 2023 /PRNewswire/ -- Ivy Fertility, a globally-recognized innovator in advanced reproductive technology, in-vitro fertilization (IVF), and third-party reproduction, announced today that it will expand its partnership with TMRW Life Sciences, a fertility technology company. TMRW is automating the IVF lab with the world's first and only automated platform for the safe management and storage of frozen eggs and embryos – a process that since the dawn of the industry has been run completely manually. TMRW's technology is currently available at two Ivy Network clinics. With this expanded partnership, TMRW's on-site and off-site specimen management platform will be available for full adoption at all of Ivy Fertility's 13 clinics across the United States.
Ivy Fertility's San Diego Fertility Center was one of the first clinics in the United States to adopt TMRW's platform and Utah Fertility Center went live this month. TMRW's platform reduces potential points of failure by 94% compared with manual systems, providing new levels of safety, efficiency and transparency for Ivy Fertility's clinics. The partnership demonstrates Ivy Fertility's continued commitment to delivering personalized fertility services using advanced technology by making state-of-the-art solutions available to all of their clinics.
"Providing enhanced security and peace of mind to our patients is one of our core values," said Lisa Van Dolah, Ivy Fertility's CEO. "With our TMRW partnership, we're able to offer patients and our practice even greater security and that is paramount as we continue to grow."
The network's clinicians will now have the opportunity to modernize their specimen management and storage practices with TMRW's digital tools onsite and, in addition, by transferring patient specimens offsite to and from TMRW Cryobanks. The technology upgrade provides clinics with new levels of safety, standardization and scalability, and it helps reduce the risk of specimen mix-up, error, and loss.
"After years of working together with San Diego Fertility Center, and more recently with Utah Fertility Center, we're thrilled to expand our partnership to support the potential for full adoption of both on-site and off-site specimen management across the Ivy Fertility network," said Louis Villalba, CEO of TMRW.
TMRW is now the storage platform used by clinics that see nearly 20% of all patients in the United States. The future of fertility is automated and, together with its clinic partners, TMRW is rapidly becoming the standard of care.
About Ivy Fertility
Ivy Fertility is globally recognized as pioneers and innovators in the field of advanced reproductive technologies, in vitro fertilization, third-party reproduction, andrology, and fertility research. The Ivy Fertility network includes Virginia Fertility & IVF, Fertility Associates of Memphis, Fertility Centers of Orange County, IVF Fertility Center, Los Angeles Reproductive Center, Nevada Center for Reproductive Medicine, Nevada Fertility Center, Pacific Northwest Fertility, Reproductive Partners Medical Group, San Diego Fertility Center, and Utah Fertility Center. By developing new procedures, achieving scientific breakthroughs, and teaching the latest techniques, Ivy Fertility upholds its commitment to successful outcomes. It continually contributes to the development of the entire fertility community. The Ivy team is passionate about its family-building mission and works tirelessly each day to help patients become parents.
For more information, visit ivyfertility.com.
TMRW Life Sciences
Founded in 2018, TMRW Life Sciences, Inc., is a fertility technology company that automates the management and storage of frozen eggs and embryos. For the first time, frozen specimens can be digitally identified and tracked, safely managed with automated robotics, and remotely monitored around the clock. TMRW's next-generation technology platforms set a new standard of care, reducing potential points of failure by 94% compared to manual systems. TMRW delivers peace of mind by helping reduce the risk of specimen mix-up, damage, or loss. Named Fast Company's #1 Most Innovative Biotech company in 2022, TMRW has been adopted by leading clinics across the United States and will soon be available in the UK and Europe.
For more information, visit tmrwlifesciences.com.
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SOURCE TMRW Life Sciences | https://www.cleveland19.com/prnewswire/2023/07/31/ivy-fertility-network-expands-partnership-with-tmrw-life-sciences-demand-grows-fertility-clinic-lab-automation/ | 2023-07-31T12:17:36 | 1 | https://www.cleveland19.com/prnewswire/2023/07/31/ivy-fertility-network-expands-partnership-with-tmrw-life-sciences-demand-grows-fertility-clinic-lab-automation/ |
MIAMI, July 31, 2023 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today announced that Carnival Corporation (the "Company") intends to commence the marketing of a new senior secured first lien term loan B facility (the "New First Lien Term Loan") with an original principal amount of $1.0 billion, expected to mature in 2027. In conjunction with the New First Lien Term Loan, and subject to market and other conditions, the Company may raise $500 million of other secured debt maturing in 2029 (together with the New First Lien Term Loan, the "Refinancing Transactions"). The Company intends to use the proceeds from the Refinancing Transactions to repay a portion of the borrowings under the Company's existing first-priority senior secured term loan facility maturing in 2025.
After the closing of the Refinancing Transactions, the Company intends to redeem all of the Company's 10.500% second-priority senior secured notes due 2026 and 10.125% second-priority senior secured notes due 2026 (collectively, the "2026 Notes"), saving over $120 million in interest expense on an annualized basis. The $1.2 billion of redemptions will be conditioned on the closing of the Refinancing Transactions. The Company expects to use cash on hand to finance the redemptions. This press release does not constitute a notice of redemption with respect to the 2026 Notes.
The Company's Chief Financial Officer David Bernstein commented: "Given the confidence we have in our business and its cash flow generation, we plan to retire $1.2 billion of our highest cost debt. In connection with this retirement, we plan to extend some of the lowest cost public debt in our portfolio. This is yet another step forward in our deleveraging journey, building on the $1.4 billion we already early retired this year. With this debt repayment, we now expect our year end debt balance to be less than $32.0 billion, an improvement over the November 30, 2023 debt balance of less than $33.0 billion provided in our June guidance."
This press release shall not constitute an offer to sell or the solicitation of an offer to purchase any security and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offering, solicitation or sale would be unlawful.
About Carnival Corporation & plc
Carnival Corporation & plc is the largest global cruise company, and among the largest leisure travel companies, with a portfolio of world-class leading cruise lines - AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), P&O Cruises (UK), Princess Cruises and Seabourn.
Cautionary Note Concerning Forward-Looking Statements
Carnival Corporation and Carnival plc and their respective subsidiaries are referred to collectively in this press release, as "Carnival Corporation & plc," "our," "us" and "we." Some of the statements, estimates or projections contained in this press release are "forward-looking statements" that involve risks, uncertainties and assumptions with respect to us, including some statements concerning the refinancing transactions described herein, future results, operations, outlooks, plans, goals, reputation, cash flows, liquidity and other events which have not yet occurred. These statements are intended to qualify for the safe harbors from liability provided by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts are statements that could be deemed forward-looking. These statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and the beliefs and assumptions of our management. We have tried, whenever possible, to identify these statements by using words like "will," "may," "could," "should," "would," "believe," "depends," "expect," "goal," "aspiration," "anticipate," "forecast," "project," "future," "intend," "plan," "estimate," "target," "indicate," "outlook," and similar expressions of future intent or the negative of such terms.
Forward-looking statements include those statements that relate to our outlook and financial position including, but not limited to, statements regarding:
Because forward-looking statements involve risks and uncertainties, there are many factors that could cause our actual results, performance or achievements to differ materially from those expressed or implied by our forward-looking statements. This note contains important cautionary statements of the known factors that we consider could materially affect the accuracy of our forward-looking statements and adversely affect our business, results of operations and financial position. Additionally, many of these risks and uncertainties are currently, and in the future may continue to be, amplified by our substantial debt balance as a result of the pause of our guest cruise operations. There may be additional risks that we consider immaterial or which are unknown. These factors include, but are not limited to, the following:
- events and conditions around the world, including war and other military actions, such as the invasion of Ukraine, inflation, higher fuel prices, higher interest rates and other general concerns impacting the ability or desire of people to travel have led, and may in the future lead, to a decline in demand for cruises, impacting our operating costs and profitability;
- pandemics have in the past and may in the future have a significant negative impact on our financial condition and operations;
- incidents concerning our ships, guests or the cruise industry have in the past and may, in the future, negatively impact the satisfaction of our guests and crew and lead to reputational damage;
- changes in and non-compliance with laws and regulations under which we operate, such as those relating to health, environment, safety and security, data privacy and protection, anti-corruption, economic sanctions, trade protection, labor and employment and tax have in the past and may, in the future, lead to litigation, enforcement actions, fines, penalties and reputational damage;
- factors associated with climate change, including evolving and increasing regulations, increasing global concern about climate change and the shift in climate conscious consumerism and stakeholder scrutiny, and increasing frequency and/or severity of adverse weather conditions could adversely affect our business;
- inability to meet or achieve our sustainability related goals, aspirations, initiatives, and our public statements and disclosures regarding them, may expose us to risks that may adversely impact our business;
- breaches in data security and lapses in data privacy as well as disruptions and other damages to our principal offices, information technology operations and system networks and failure to keep pace with developments in technology may adversely impact our business operations, the satisfaction of our guests and crew and may lead to reputational damage;
- the loss of key team members, our inability to recruit or retain qualified shoreside and shipboard team members and increased labor costs could have an adverse effect on our business and results of operations;
- increases in fuel prices, changes in the types of fuel consumed and availability of fuel supply may adversely impact our scheduled itineraries and costs;
- we rely on supply chain vendors who are integral to the operations of our businesses. These vendors and service providers may be unable to deliver on their commitments, which could negatively impact our business;
- fluctuations in foreign currency exchange rates may adversely impact our financial results;
- overcapacity and competition in the cruise and land-based vacation industry may negatively impact our cruise sales, pricing and destination options;
- inability to implement our shipbuilding programs and ship repairs, maintenance and refurbishments may adversely impact our business operations and the satisfaction of our guests;
- Failure to successfully implement our business strategy following our resumption of guest cruise operations would negatively impact the occupancy levels and pricing of our cruises and could have a material adverse effect on our business. We require a significant amount of cash to service our debt and sustain our operations. Our ability to generate cash depends on many factors, including those beyond our control, and we may not be able to generate cash required to service our debt and sustain our operations; and,
- the risk factors included in Carnival Corporation's and Carnival plc's Annual Report on Form 10-K filed with the SEC on January 27, 2023 and Carnival Corporation's and Carnival plc's Quarterly Reports on Form 10-Q filed with the SEC on March 29, 2023 and June 28, 2023.
The ordering of the risk factors set forth above is not intended to reflect our indication of priority or likelihood.
Forward-looking statements should not be relied upon as a prediction of actual results. Subject to any continuing obligations under applicable law or any relevant stock exchange rules, we expressly disclaim any obligation to disseminate, after the date of this document, any updates or revisions to any such forward-looking statements to reflect any change in expectations or events, conditions or circumstances on which any such statements are based.
Forward-looking and other statements in this document may also address our sustainability progress, plans and goals (including climate change and environmental-related matters). In addition, historical, current and forward-looking sustainability- and climate-related statements may be based on standards and tools for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions and predictions that are subject to change in the future and may not be generally shared.
SOURCE Carnival Corporation & plc
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SOURCE Carnival Corporation & plc | https://www.wcjb.com/prnewswire/2023/07/31/carnival-corporation-amp-plc-announces-anticipated-debt-pre-payment-12b-refinancing-transaction/ | 2023-07-31T12:17:39 | 1 | https://www.wcjb.com/prnewswire/2023/07/31/carnival-corporation-amp-plc-announces-anticipated-debt-pre-payment-12b-refinancing-transaction/ |
Initial agreement to include 10 battery-electric and three hydrogen fuel cell electric Class 8 trucks
PHOENIX and LOWELL, Ark., July 31, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, and J.B. Hunt Transport Services Inc. (Nasdaq: JBHT), one of the largest supply chain solutions providers in North America, today announced an agreement in which subsidiary J.B. Hunt Transport Inc. will purchase 13 Nikola zero-emission Class 8 trucks as the transportation company focuses on its sustainability efforts and reducing the intensity of its carbon emissions.
"It's important for us to be at the forefront of new technologies and innovative solutions that have the potential to change the way we move freight," said Nick Hobbs, chief operating officer and president of contract services at J.B. Hunt. "These zero-emission trucks from Nikola advance our progress towards achieving our ambitious goal to reduce carbon emission intensity through viable solutions."
The initial truck order will include 10 battery-electric and three hydrogen fuel cell electric vehicles, with delivery of the first vehicles expected in August 2023. These trucks will be strategically located at facilities servicing J.B. Hunt's key routes, including in the greater Los Angeles and Phoenix areas. Nikola's hydrogen arm, HYLA, will supply the hydrogen and fueling infrastructure.
"We are thrilled that the industry leader for supply-chain solutions has chosen our Nikola Class 8 battery-electric and hydrogen fuel cell electric trucks to use for their operations," said Nikola CEO Michael Lohscheller. "Their purchase and use of these zero-emissions trucks are a testament to the hard work of our engineering, development and manufacturing teams, who created a robust, highly advanced truck lineup, as well as our HYLA hydrogen infrastructure solutions, which are designed to benefit companies such as J.B. Hunt."
J.B. Hunt is committed to helping drive the industry toward a low-carbon future and reducing its environmental impact. In November 2022, the company set an ambitious goal to reduce carbon emission intensity 32% by 2034 (with a 2019 baseline). Incorporating alternative powered equipment into its fleet is one of three key focus areas in reaching the goal.
J.B. Hunt continually evaluates opportunities to utilize emerging technologies in exhaust-free vehicles. In the fourth quarter of 2022, the company took delivery of its first company-owned Class 8 electric vehicle. In 2017, J.B. Hunt was one of the first companies to place an order for an all-electric heavy-duty Class 8 truck and began incorporating electric vehicles into operations in 2023. In addition to electric vehicles, J.B. Hunt is helping reduce carbon emissions through intermodal conversion. Over the past decade, J.B. Hunt's intermodal service has helped avoid an estimated 30 million metric tons of CO2e emissions from over-the-road truck transportation.
ABOUT NIKOLA CORPORATION
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, via the HYLA brand, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com , Facebook @nikolamotorcompany, Instagram @nikolamotorcompany, YouTube @nikolamotorcompany, LinkedIn @nikolamotorcompany or Twitter @nikolamotor.
ABOUT J.B. HUNT
J.B. Hunt Transport Services Inc. is on a mission to create the most efficient transportation network in North America. The company's industry-leading solutions and mode-neutral approach generate value for customers by eliminating waste, reducing costs and enhancing supply chain visibility. Powered by one of the largest company-owned fleets in the country with more than 162,000 pieces of trailing equipment and nearly one million accessible trucks through its J.B. Hunt 360°® digital freight marketplace, J.B. Hunt can meet the unique shipping needs of any business, from first mile to final delivery, and every shipment in-between. Through disciplined investments in its people, technology and capacity, J.B. Hunt is delivering exceptional value and service that enable long-term growth for the company and its stakeholders.
J.B. Hunt Transport Services Inc. is a Fortune 500 company, an S&P 500 company and a component of the Dow Jones Transportation Average. Its stock trades on NASDAQ under the ticker symbol JBHT. J.B. Hunt Transport Inc. is a wholly owned subsidiary of JBHT. The company's services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, transload and more. For more information, visit www.jbhunt.com.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Nikola Corporation (Nikola"), including statements relating to the truck order, expected delivery timing and expected benefits of Nikola's zero-emissions trucks; Nikola's expectations regarding the production of hydrogen fuel cell electric trucks; and Nikola's ability to provide sufficient volumes of hydrogen to support hydrogen fuel cell electric vehicle demand. These forward-looking statements generally are identified by words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: design and manufacturing changes and delays, including global shortages in parts and materials; general economic, financial, legal, regulatory, political and business conditions and changes in domestic and foreign markets; demand for and customer acceptance of Nikola's trucks; the terms of the agreement; the risk of cancellation of orders; risks associated with development and testing of fuel-cell power modules and hydrogen storage systems; risks related to the rollout of Nikola's business and milestones and the timing of expected business milestones; Nikola's availability of and need for capital; and the factors, risks and uncertainties regarding Nikola's business described in the "Risk Factors" section of Nikola's quarterly report on Form 10-Q for the quarter ended March 31, 2023 filed with the SEC, in addition to Nikola's subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, Nikola assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
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NORWOOD, Mass., July 31, 2023 /PRNewswire/ -- Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP) ("Corbus" or the "Company"), a precision oncology company, today announced that Yuval Cohen, Ph.D., Chief Executive Officer of Corbus, will participate in a fireside chat and one-on-one investor meetings at the BTIG Virtual Biotechnology Conference, to be held August 7-8, 2023.
BTIG Virtual Biotechnology Conference
Format: Fireside chat and one-on-one investor meetings
Fireside Chat Date: Tuesday, August 8, 2023
Fireside Chat Time: 9:00 a.m. ET
To register for the conference, contact your BTIG sales representative.
About Corbus
Corbus Pharmaceuticals Holdings, Inc. (the "Company" or "Corbus") is a precision oncology company committed to helping people defeat serious illness by bringing innovative scientific approaches to well understood biological pathways. Corbus' internal development pipeline includes CRB-701, a next generation antibody drug conjugate (ADC) that targets the expression of Nectin-4 on cancer cells to release a cytotoxic payload and CRB-601, an anti-integrin monoclonal antibody which blocks the activation of TGFβ expressed on cancer cells. Corbus is headquartered in Norwood, Massachusetts. For more information on Corbus, visit corbuspharma.com. Connect with us on Twitter, LinkedIn and Facebook.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and Private Securities Litigation Reform Act, as amended, including those relating to the Company's restructuring, trial results, product development, clinical and regulatory timelines, market opportunity, competitive position, possible or assumed future results of operations, business strategies, potential growth opportunities and other statement that are predictive in nature. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which we operate and management's current beliefs and assumptions.
These statements may be identified by the use of forward-looking expressions, including, but not limited to, "expect," "anticipate," "intend," "plan," "believe," "estimate," "potential," "predict," "project," "should," "would" and similar expressions and the negatives of those terms. These statements relate to future events or our financial performance and involve known and unknown risks, uncertainties, and other factors on our operations, clinical development plans and timelines, which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include those set forth in the Company's filings with the Securities and Exchange Commission. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
INVESTOR CONTACT:
Sean Moran
Chief Financial Officer
Corbus Pharmaceuticals
Sean.moran@corbuspharma.com
Bruce Mackle Managing Director
LifeSci Advisors, LLC
bmackle@lifesciadvisors.com
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Juggernaut and Mr. Highman will continue as substantial shareholders of Bobbie. The acquisition positions the combined company as the third largest fully integrated infant and toddler brand in the U.S., creating a more resilient industry for American families
WASHINGTON, July 31, 2023 /PRNewswire/ -- Juggernaut Capital Partners, a leading middle market private equity investor primarily in the consumer and healthcare sectors, is pleased to announce the sale of Nature's One, the pediatric nutrition company founded by Jay Highman which set the bar for quality and innovation in formula over decades. Joining forces with Bobbie Baby, Inc., the nation's fastest growing infant formula company, the combined business will be the first of its kind in pediatric nutrition.
"Nature's One is a true pioneer in the pediatric nutrition space. Juggernaut partnered with founder, Jay Highman, to accelerate product development and vertical integration initiatives. Over the past five years, the company completed the first FDA-approved clinical feeding study of an organic infant formula and designed and constructed the first newly built infant formula facility in the U.S. in 35 years," said John Shulman, Founder and Managing Partner at Juggernaut. "It has been a pleasure to partner with Jay and his team. We believe the combination with Bobbie cements the organization as a continued disruptor and a next-generation industry leader. We are proud to continue as a meaningful shareholder in the go-forward company."
Founded in 1997, Nature's One introduced the first organic baby formula to the U.S. market. Recognized for its dedication to purity and quality, all of the company's formulas have received the Clean Label Project's Purity Award and have tested best in class for purity and nutrition when compared to popular baby formulas sold in the U.S. Nature's One operates the only independent, FDA audited organic infant nutrition facility in the U.S.
Nature's One was advised by CG / Sawaya Partners (operating under Canaccord Genuity) and Morgan Lewis & Bockius LLP. Bobbie was advised by Perella Weinberg Partners LP and Goodwin Procter LLP.
About Juggernaut Capital Partners:
Juggernaut Capital Partners is a leading private equity firm focusing on lower middle market companies, primarily in the consumer and healthcare sectors. Juggernaut is currently investing out of Juggernaut Capital Partners V, L.P. For more information on Juggernaut Capital Partners, please visit www.juggernautcap.com.
About Nature's One:
Founded in 1997, Nature's One introduced the first organic formula, Baby's Only® Organic in the United States. Nature's One has dedicated 25 years to the research, development, and sourcing of pure ingredients. Recognized as the first and highest-ranked formulas for purity and nutritional superiority by the Clean Label Project, Baby's Only Formulas are preferred by parents who want to offer their child a "Better Start…for Life™." Baby's Only Formulas are sold nationally at Whole Foods, Target, Walmart, Sam's Club, and many fine natural food retailers, as well online at www.naturesone.com.
About Bobbie:
Bobbie is the mission-driven organic pediatric nutrition company that exists to build a parenting culture of confidence, not comparison. Founded in 2018, Bobbie hit the market with its flagship European-inspired formula in 2021 as the first direct-to-consumer, subscription-based infant formula in the U.S. Today, it's proud to be the only mom-founded and led infant formula brand in the world, and the fastest-growing in the U.S. since the 1980's. Bobbie is focused on providing purposefully sourced, USDA Organic products made with simple ingredients – crafted right here in America, for American families. For more information, visit www.hibobbie.com.
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The report highlights emerging trends that will significantly impact the financial services industry over the next decade
NEW YORK, July 31, 2023 /PRNewswire/ -- Deloitte today announced its "2023 Financial Services Industry Predictions" report, which outlines emerging trends across the banking & capital markets, insurance, real estate, and investment management sectors. The report highlights the impact of data and emerging technologies, products and services, and climate change on the future of financial services – and as a result, on society and the economy.
"The reality is that emerging technological changes could be more pervasive and impactful going forward in ways that can be scarcely imagined today," said Jim Eckenrode, managing director, Deloitte Center for Financial Services. Deloitte Services LP. "Financial services will likely play an important role in helping these breakthroughs emerge to the benefit of us all, while simultaneously opening up new avenues of revenue and profit."
Some of Deloitte's predictions for the financial services industry over the next decade:
Generative AI is expected to boost productivity: Generative AI is expected to have a significant impact on the investment banking industry and the financial services industry as a whole, as organizations explore ways to harness the power of the technology to improve productivity. Deloitte predicts the top 14 global investment banks could boost their front-office productivity by an average of 25% by using Generative AI (GAI), thereby earning potentially an additional revenue of $3 million per front-office employee in 2026, from an average of $11.3 million during 2020-22.
Demand for carbon credit offset financing: Deloitte predicts that global consumers will purchase $115 billion of carbon offsets a year by 2030. Carbon credits will likely be embedded in many of the purchasing decisions that consumers make in their day-to-day lives. The surge in demand for these credits could produce new trading networks that offer tailored, localized and niche options for climate change mitigation projects. Banks could be instrumental in developing and supporting the back-end infrastructure that connect brands' payment processes to the carbon credit market. And banks can play an instrumental role in developing and supporting the carbon credit market.
Insurers prepare for driverless vehicles: Deloitte estimates advancements in self-driving technology may eliminate the need for around 380,000 long-haul truck drivers in the next five years. This alone would have a major impact on workers' compensation insurers, with a potential loss of around $3 billion worth of premiums. But widespread adoption of autonomous vehicles could also result in a shift in premiums across multiple insurance lines, including commercial auto, product and professional liability, and cyber coverage.
Office space to fill the affordable housing gap: Deloitte predicts office-to-residential conversions could become profitable within the next five years, estimating that around 14,700 affordable units in central business districts across the country can be added by 2030, assuming approximately 20% of converted square footage can be earmarked for affordable housing.
"As financial services firms grapple with what's on the horizon, they need to think about how the landscape is radically shifting," said Monica O'Reilly, Vice Chair, US Financial Services Industry Leader, Deloitte & Touche LLP. "Market and economic pressures, emerging technologies, and new revenue opportunities will impact tomorrow's business strategies, and financial services firms should prepare for that now."
Additional trends included in the report that are expected to shape the financial services industry:
Democratization of financial advice: Financial advice shouldn't just be for the wealthy anymore — and it doesn't have to be. Financial firms can leverage robo-advisory platforms to bring much-needed financial advice to the global mass market and make it profitable. Deloitte estimates net financial wealth held by the mass retail population segment globally to almost double to $22 trillion by 2030.
Synthetic identity fraud could trigger need for more sophisticated biometric security systems: Synthetic identity fraud—a hoax in which cybercriminals create new identities with some stolen or fabricated data — is the fastest growing financial crime in the United States,i and it shows no sign of abating. Deloitte expects it to generate at least $25 billion in losses by 2030, prompting banks to develop more advanced biometric security systems to weed out would-be perpetrators.
Higher deposit costs expected to challenge banks: Deloitte predicts the average cost of interest-bearing deposits for the U.S. banking industry in 2024 and 2025 to remain elevated at 1.7% and 1.5%, respectively, even as the fed funds rate declines from the recent peak. This may crimp bank profitability in the medium term.
Real-time B2B payments could take off: Deloitte expects real-time payments could tap an addressable market of $12 trillion in check-based business-to-business (B2B) transaction volume globally by 2028. Banks and payment firms could play a pivotal role in helping usher in a new era of more efficient and instant domestic and cross-border value exchange among businesses.
Rise of embedded insurance: Embedded finance, and particularly embedded insurance, is expected to continue to expand. Execution may not be easy for insurers, though, and it could take the rest of the decade for embedded finance to fully shake out.
Increased spending on quantum computing: Spending on quantum-related capabilities will likely grow quickly over the next few years as indicated by the increased capital investments and patent filings for the hardware technology. Globally, the financial services industry's spending on quantum computing capabilities is expected to grow 233x from just US$80 million in 2022 to US$19 billion in 2032, growing at a 10-year CAGR of 72%.
Alternative data in investment management: Deloitte estimates the revenue for alternative data providers, earned from all industries globally with the majority coming from investment management firms, to grow 29x between 2022 and 2030. The new data largely consist of novel types and forms of data such as satellite images, social media posts, geolocation data, credit card transactions, and mobile application data that are starkly different from the traditionally structured financial data.
Funding for climate hardtech: An additional US$2 trillion in private hardtech investment is predicted to be needed to help effectively slow global warming. Most of total climate funding will likely need to come from the private sector — but so far, there isn't enough. Financial services organizations can play a lead role in bridging the funding gap.
About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today's marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Building on more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte's more than 415,000 people worldwide connect for impact at www.deloitte.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
iFedPayments Improvement, "Synthetic identity fraud," accessed June 8, 2023.
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BURLINGTON, N.C., July 31, 2023 /PRNewswire/ -- Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services, today announced it will host an Investor Day on Thursday, September 14, 2023, in New York City, beginning at 1:00 p.m. ET and is expected to conclude by approximately 4:00 p.m. ET.
This event will highlight Labcorp's go-forward strategy from Labcorp Chairman & CEO Adam Schechter, followed by business overviews and a longer-term financial outlook. Presentations will be followed by a Q&A session.
A live webcast of the event will be available through the Labcorp Investor Relations website beginning at 1:00 p.m. ET. A replay of the webcast and supporting materials will be available after the conclusion of the event.
About Labcorp
Labcorp (NYSE: LH) is a global leader of innovative and comprehensive laboratory services that helps doctors, hospitals, pharmaceutical companies, researchers and patients make clear and confident decisions. We provide insights and advance science to improve health and improve lives through our unparalleled diagnostics and drug development laboratory capabilities. The company's more than 60,000 employees serve clients in over 100 countries, worked on over 80% of the new drugs approved by the FDA in 2022 and performed more than 600 million tests for patients around the world. Learn more about us at www.Labcorp.com or follow us on LinkedIn and Twitter @Labcorp.
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Partnership Expands Access to Seizure First Aid Trainings for School Personnel
BOWIE, Md., July 31, 2023 /PRNewswire/ -- The Epilepsy Foundation today announced a five-year collaboration with Vector Solutions, the leading provider of training and software solutions for K-12 and higher education institutions, to offer the Epilepsy Foundation's Seizure Recognition & First Aid Certification training in the Vector Safety and Compliance Course Library. This agreement will provide an easy and convenient way for educators and school personnel, who are already contracted with Vector, to take the seizure first aid training to better serve their students.
There are 470,000 children living with epilepsy in the U.S. According to the Centers for Disease Control and Prevention (CDC), the opportunity for academic success is increased when students with chronic health conditions have a safe and supportive learning environment.
"Our collaboration with Vector will give school personnel — who are required by state laws to take seizure first aid training — a place to do so easily and effectively through a familiar learning portal," said Brandy Fureman, Ph.D., chief outcomes officer, Epilepsy Foundation. "In addition, it will expand access to our seizure first aid training to school systems around the country using Vector's platform. Our end goal is to have a seizure safe nation where everyone who has a seizure feels safe, no matter where they are. This partnership is a stepstone toward that goal."
In 2018, Kentucky led the charge to pass the nation's first-ever law requiring school personnel to complete seizure recognition and first aid training. Since then, the Epilepsy Foundation, family advocates and partner organizations have been working to pass similar Seizure Safe Schools legislation nationwide. The model Seizure Safe Schools legislation has five components, one of which requires all school personnel, including school nurses and teachers, to complete training so that they can recognize and respond appropriately and efficiently to students experiencing seizures. To date, almost half of the states have passed some form of Seizure Safe Schools legislation.
For years, the Epilepsy Foundation has partnered with the CDC to build nationwide programs to ensure school personnel, first responders, seniors, caregivers, and the public are better trained to recognize seizures and administer first aid. The Epilepsy Foundation's seizure first aid trainings provide information to increase knowledge, skills, and confidence in recognizing seizures and safely administering seizure first aid.
"We are excited to collaborate with the Epilepsy Foundation to deliver its trainings through our online learning management system," said, Rob Buelow, General Manager of Education at Vector Solutions. "The safety and well-being of students is paramount and educators must be properly equipped to address the unique needs of all students. Through this partnership, K-12 and higher education staff across the nation will be empowered to serve their students and ensure their health and safety."
For more information about the Epilepsy Foundation's seizure first aid trainings, visit epilepsy.com/firstaid. The trainings will be available in the Vector platform later this summer and school administrators who have a current subscription will receive notification when the trainings are live.
About Epilepsy
According to the World Health Organization, epilepsy is the most common serious brain disorder worldwide with no age, racial, social class, national or geographic boundaries. The U.S. Centers for Disease Control & Prevention estimates that 3.4 million people in the United States are affected by epilepsy. Epilepsy is the underlying tendency of the brain to produce seizures which are sudden abnormal bursts of electrical energy that disrupt brain functions.
About the Epilepsy Foundation
With a network of partners throughout the United States, the Epilepsy Foundation is leading the fight to overcome the challenges of living with epilepsy. The Foundation connects people to treatment, support, and resources; leads advocacy efforts; funds innovative research and the training of specialists; and educates the public about epilepsy and seizure first aid. For more than five decades, the Epilepsy Foundation has shone a light on epilepsy to promote awareness and understanding, and to advocate for laws that matter to people with epilepsy, while also funding epilepsy research and supporting epilepsy investigators and specialists in their early careers. In partnership with the CDC, the Epilepsy Foundation has helped to improve access to care for people with epilepsy, expanded its digital reach and online resources in homes across the country, and trained more than 600,000 people in seizure recognition and first aid. The Epilepsy Foundation continues to focus on serving the epilepsy community through advocacy, education, direct services and research for new therapies. To learn more visit epilepsy.com or call 1.800.332.1000. Follow us on Facebook and Twitter.
About Vector Solutions for K-12 Education
Vector Solutions for K-12 Education is a leading provider of training, software and professional development solutions committed to creating safer, smarter and better school environments. Trusted by more than 5,000 K-12 districts in the United States, Vector's award-winning suite of products save administrators time, improve compliance, and streamline administrative processes. Vector trainings on imperative topics like safety and compliance; inclusive instruction; mental health and well-being; diversity, equity and inclusion; and cybersecurity enable students and teachers alike to make schools safer, more inclusive, and more effective places to work and learn. For more information about Vector Solutions for K-12 Education, visit www.vectorsolutions.com/k12.
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Adult Males are Slightly More Likely to Live with Parents Than Their Female Counterparts
58% of Gen Z Consumers Live with Family Members
SAN FRANCISCO, July 31, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today released findings from the 24th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS. The Household Finances Deep Dive Edition examines the impact of household composition on consumers' ability to manage expenses and put aside savings. The series draws on insights from a survey of 4,602 U.S. consumers conducted from June 5 to June 16, as well as analysis of other economic data.
The Paycheck-to-Paycheck Landscape
In June 2023, 61% of U.S. consumers lived paycheck to paycheck, unchanged from June 2022 — as is the share of those struggling to pay bills (at 21%) — even though more middle-income consumers cited living paycheck to paycheck in June 2023 than last year. Among consumers earning $50,000 to $100,000, 65% lived paycheck to paycheck as of June 2023, compared to 60% in June 2022. Meanwhile, the shares of high-income consumers — those earning more than $100,000 annually — and low-income consumers — those earning less than $50,000 annually — living paycheck to paycheck in June 2023 sit at 45% and 77%, respectively, relatively unchanged from June 2022.
This stability in the financial situation of U.S. households indicates that consumers continue to adapt to inflationary pressures, finding ways to manage their spending and live within their means.
Household Composition Determines Financial Lifestyle
Consumers living with only a partner or spouse are likely to face less financial hardship, while those with dependents and those living with friends or housemates are more likely to live paycheck to paycheck.
The research finds that 86% of consumers live with one or more people, and one-third of paycheck-to-paycheck consumers live in households of four or more people. Consumers not living paycheck to paycheck are most likely to reside in two-person households, at 41%. Meanwhile, 49% of millennials and 55% of bridge millennials live in households of four or more people, making them the age groups most likely to reside in the largest households.
There is also a direct correlation among household size, stage of life and financial lifestyle. As household size increases, the ratio of income earners to non-earners typically falls, attributable to households with dependent children. When looking at the share of paycheck-to-paycheck consumers who live in a two-member household, the data finds that 54% do so — 7 percentage points below the sample average. Meanwhile, at 66%, consumers with children under the age of 18 are 12% more likely to live paycheck to paycheck than those without children, at 59%. Among consumers living with friends or housemates, 77% live paycheck to paycheck — the most likely to do so. This suggests that those sharing expenses with a partner or spouse fare better, that is until they have children or even parents to support.
"As household size increases, the ratio of income earners to household members typically falls, creating a higher likelihood of financial distress," said Alia Dudum, LendingClub's Money Expert. "The relationship between household income and household composition explains why many families tend to struggle financially and why millennials and bridge millennials, many of whom are in their peak child-rearing years, tend to remain financially vulnerable."
Economic Considerations Top Reason to Stay in the Family Household
Economics are the main driver for consumers to live with family longer, with 43% wanting to save money and 30% unable to afford housing independently. Besides economic reasons, consumers remain at home to maintain family ties (24%), for transitional reasons (23%), and to provide care (22%).
At one-fifth (20%), adult males are slightly more likely to live with parents than their female counterparts (18%), a phenomenon that grows significantly among those financially struggling (26% of males compared to 18% of females). At 58%, Gen Z is the generation most likely to stay with family members, with 50% citing economic reasons. Members of Gen Z living with three or more people — often familial settings — spent 22% of their income on housing, compared to 30% of those living alone or with a partner.
That said, consumers living with family members to offset expenses are not planning extended stays. For example, one-third of those consumers expect to move out in the coming year, particularly millennials and bridge millennials.
Financial Transparency Determined by Relationship Status
Financial transparency within shared households is paramount to ensure bills are paid and expenses are covered, but the transparency level depends on who consumers live with. Couples living together share financial information 87% of the time and have a joint bank account 76% of the time. Parents are also likely to discuss finances with the children residing in their household, with 45% of parents sharing financial information with their children and 34% granting them access to a shared account. Bill splitting is the most common financial interaction for consumers living with friends or housemates, at 74%. Additionally, borrowing money from other household members is a financial option many use to make ends meet, with consumers mostly engaging in this practice with parents or siblings, at 47%, and friends and housemates, at 44%.
Families and couples maintain outstanding credit card balances that are significantly higher, on average, than those of consumers who live alone. Consumers with children under the age of 18 average 50% more credit card debt than those who live alone. Families represent the lion's share of credit card spending, holding average balances of $6,300 for consumers living with a partner and $7,200 for those living with children under 18. Living with a partner or children also significantly increases a consumer's likelihood of having an auto loan or mortgage.
"With today's inflationary pressures, sharing household finances has become not only common but crucial," continued Dudum. "The increasing complexity of modern lifestyles and the rising cost of living have necessitated a shift in the way consumers approach household finances. One person solely bearing the burden of managing all financial matters has become a minority practice. Instead, couples, families, and even roommates increasingly jointly navigate their economic realities, and it's a trend that is here to stay."
To view the full report, visit: https://www.pymnts.com/study/reality-check-paycheck-to-paycheck-inflation-household-spending-shared-expenses/
Methodology
New Reality Check: The Paycheck-to-Paycheck Report — The Household Finances Deep Dive Edition is based on a census-balanced survey of 4,602 U.S. consumers conducted from June 5 to June 16, as well as analysis of other economic data. The data in this report is not intended to be a representation of LendingClub's core member base. The Paycheck-to-Paycheck series expands on existing data published by government agencies, such as the Federal Reserve System and the Bureau of Labor Statistics, to provide a deep look into the core elements of American consumers' financial wellness: income, savings, debt and spending choices. Our sample was balanced to match the U.S. adult population in a set of key demographic variables: 51% of respondents identified as female, 33% were college-educated and 38% declared incomes of more than $100,000 per year.
About LendingClub
LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S., where members can access a broad range of financial products and services designed to help them pay less when borrowing and earn more when saving. Based on more than 150 billion cells of data and over $85 billion in loans, our advanced credit decisioning and machine-learning models are used across the customer lifecycle to expand seamless access to credit for our members while generating compelling risk-adjusted returns for our loan investors. Since 2007, more than 4.7 million members have joined the Club to help reach their financial goals. For more information about LendingClub, visit https://www.lendingclub.com.
Contact:
For Investors: IR@lendingclub.com
Media Contact: Press@lendingclub.com
PYMNTS Contact: information@PYMNTS.com
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SOURCE LendingClub Corporation | https://www.cleveland19.com/prnewswire/2023/07/31/lendingclub-pymnts-research-shows-86-consumers-live-with-one-or-more-people-yet-those-living-with-only-partners-or-spouses-reap-financial-benefits/ | 2023-07-31T12:18:02 | 0 | https://www.cleveland19.com/prnewswire/2023/07/31/lendingclub-pymnts-research-shows-86-consumers-live-with-one-or-more-people-yet-those-living-with-only-partners-or-spouses-reap-financial-benefits/ |
First-of-Its-Kind Solution Helps Ensure Medicines Prescribed to Patients are Safe, Effective, and Appropriate, Tackling Growing Public Health Challenge Posed by Suboptimal Medication Use
FeelBetter's Pharmaco-Clinical Intelligence Aids in Proactively Identifying and Managing Polypharmacy-Related Risks, Reducing Preventable Deterioration and Hospitalizations
BOSTON and TEL AVIV, Israel , July 31, 2023 /PRNewswire/ -- FeelBetter, the leading provider of medication management technology and pioneer of Pharmaco-Clinical Intelligence, today announced that it has raised $5.9 million in funding. Firstime Ventures and Shoni Health Ventures led the funding round with participation from Random Forest VC, The Group Ventures, and existing FeelBetter investor Triventures, bringing the Company's total funding to $8 million.
A growing public health concern for senior patients, many of whom have multiple chronic conditions, the simultaneous use of multiple medications paves the way for poor health outcomes, increased use of health services, and rising care costs. In the US alone, every year, suboptimal medication management results in 275,000 deaths and more than $528B in avoidable costs.
Launched in 2018, FeelBetter is tackling the challenges associated with suboptimal medication management among polypharmacy patients. Led by an interdisciplinary team of clinicians, clinical pharmacists, and technologists, FeelBetter has pioneered a new category of technology called Pharmaco-Clinical Intelligence. It combines novel pharmacology and clinical capabilities and is changing the polypharmacy paradigm on both an individual and population health level. A comprehensive solution powered by AI and machine learning capabilities, FeelBetter's Pharmaco-Clinical Intelligence drives proactive, personalized medication management, helping healthcare professionals ensure that their patients' medication regimens are safe, effective, and appropriate.
"FeelBetter's purpose-built technology makes it possible to deliver a more personalized, whole-patient approach to medication management – one that goes beyond a single illness, diagnosis, or point in time, and comprehensively focuses on each individual's care journey," said Liat Primor, FeelBetter's CEO and Co-Founder. "At a time when investors are especially selective about the types of bets they are taking, this round and vote of confidence from the world-class teams at Fristime Ventures, Shoni Health Ventures, Random Forest VC, Triventures, and The Venture Group, as well as angel investors, validates the need for and potential of our Pharmaco-Clinical Intelligence as a solution for the growing, global health challenge posed by suboptimal medication management."
Yoram Hordan, FeelBetter's CTO, COO, and Co-Founder, added: "The funding will enable us to expand our reach, further refine our solution, and empower more healthcare providers to deliver personalized, proactive care. Our Pharmaco-Clinical Intelligence, developed collaboratively by clinical and pharmacology experts alongside technology and machine learning specialists, seamlessly matches a patient's specific clinical and pharmacology data with their sequence of health events. This unlocks unparalleled accuracy in detecting at-risk patients both individually and population wide and enables new levels of precision in disease management and prevention."
Recognizing that a range of diverse factors can influence a senior patient's health status, FeelBetter's Pharmaco-Clinical Intelligence synthesizes and analyzes healthcare data from multiple sources to pinpoint patients at high risk of deterioration and preventable hospitalization due to suboptimal medication management. The SaaS solution also proactively suggests immediate and actionable interventions to reduce polypharmacy risks, and aids healthcare providers in monitoring patients' progress and measuring the impact of clinical interventions. Additionally, by using FeelBetter, provider organizations can more effectively and efficiently allocate resources to better serve patients, and minimize preventable, costly use of healthcare services.
"FeelBetter's algorithm has been trained on two decades of longitudinal clinical, pharmacy, claims, and lab data from hundreds of thousands of patients to find patterns in the complex connections and relationships between disparate data sources," said Michael Kerbis, Founding Partner, Random Forest VC. "When taken together, these patterns can capture the full picture of a patient's health journey, enabling FeelBetter to predict which individuals are at the greatest risk of adverse events related to suboptimal medication regimens and recommend timely clinical interventions to drive better health outcomes."
Eran Lerer, CEO and Managing Partner, Shoni Health Ventures, said: "From risk stratifying patients to preventing adverse events so patients can safely stay in their communities, FeelBetter offers a proven, end-to-end solution for the suboptimal medication management problem. It's a groundbreaking tool that is poised to change how the medical community approaches polypharmacy, and we're thrilled to take part in this important transformation."
Keren Kopilov, Partner, Firstime Ventures, added: "By incorporating the expertise of physicians and clinical pharmacists, as well as leveraging data from all relevant sources, FeelBetter provides a solution that is uniquely comprehensive. It intuitively fits into clinical workflows and enables optimized medication management at unparalleled speed and scale. We look forward to leveraging our expertise to support FeelBetter's mission and continued growth as it meets the tremendous opportunities ahead."
About FeelBetter
FeelBetter is the pioneer of Pharmaco-Clinical Intelligence, changing the polypharmacy paradigm on both an individual and population health level with a comprehensive solution designed to tackle the challenges associated with suboptimal medication management. Powered by AI and machine learning capabilities, FeelBetter's Pharmaco-Clinical Intelligence drives personalized medication management, helping healthcare professionals ensure that their patients' medication regimens are safe, effective, and appropriate. The technology pinpoints patients at high risk of deterioration and preventable hospitalization due to suboptimal medication management, and proactively suggests immediate and actionable interventions to reduce these risks. Provider organizations use FeelBetter to monitor their patients' progress and more proactively deliver the right follow-up care, as well as to efficiently allocate resources and minimize preventable, costly use of healthcare services.
Led by an interdisciplinary team of clinicians, clinical pharmacists, and technologists, FeelBetter is headquartered in Boston and Tel Aviv, Israel. Investors include Firstime Ventures, Shoni Health Ventures, Triventures, Random Forest VC, The Group Ventures, and GoodCompany Ventures. To learn more, visit feelbetter.healthcare.
Media Contact
Nicole Pariser
nicole@i-feelbetter.com
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SOURCE FeelBetter | https://www.wcjb.com/prnewswire/2023/07/31/feelbetter-raises-59m-optimize-personalize-medication-management-polypharmacy-patients/ | 2023-07-31T12:18:04 | 0 | https://www.wcjb.com/prnewswire/2023/07/31/feelbetter-raises-59m-optimize-personalize-medication-management-polypharmacy-patients/ |
HOUSTON, July 31, 2023 /PRNewswire/ -- McDermott has been awarded a project management consultancy (PMC) and engineering, procurement, and construction management (EPCM) contract for the Naphtha Cracker Expansion (Phase II) polypropylene expansion and new ethylene derivative unit project from Indian Oil Corporation Limited (IOCL). The project is located at the Panipat Refinery and Petrochemical Complex, located 62 miles (100 kilometers) from New Delhi, India.
The project will increase the ethylene production capacity of the naphtha cracker unit (NCU) by approximately 20 percent. The additional ethylene and propylene production will act as feed for downstream polymer units. The polymer products will be used for the manufacture of household and industrial items, including containers, automobile parts, furniture, and heavy-duty films.
"McDermott is currently executing four other projects for IOCL, including the maleic anhydride (MAH) unit at the same site, allowing us to leverage our local resources and expertise while realizing synergies," said Vaseem Khan, Senior Vice President, Global Operations. "Furthermore, the project supports the growing demand for ethylene and propylene which will reduce imports and accelerate economic development in the area."
McDermott will provide comprehensive EPCM services and overall project management for the duration of the project, which will be executed from its Center of Excellence in Gurugram, India.
About McDermott
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott's innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott's locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.
Forward-Looking Statements
McDermott cautions that statements in this press release which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties. These forward-looking statements include, among other things, statements about the expected scope and execution of the project discussed in this press release. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit or capital markets; our inability to successfully execute on contracts in backlog; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties; changes in industry norms; actions by lenders, other creditors, customers and other business counterparties of McDermott; and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. This communication reflects the views of McDermott's management as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.
Contacts:
Global Media Relations
Reba Reid
Senior Director, Global Communications and Marketing
+1 281 588 5636
RReid@McDermott.com
Business Line Media Relations
Barbara Knight
Senior Director, Business Line Communications and Marketing
+971 56 403 2903
BBKnight@McDermott.com
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SOURCE McDermott International, Ltd | https://www.cleveland19.com/prnewswire/2023/07/31/mcdermott-selected-petrochemical-expansion-project-by-iocl/ | 2023-07-31T12:18:08 | 1 | https://www.cleveland19.com/prnewswire/2023/07/31/mcdermott-selected-petrochemical-expansion-project-by-iocl/ |
FREIT Board Committed to Protecting Value for All Stockholders
Highlights Kushner's Transaction Record with FREIT and Ongoing Litigation with Kushner
HACKENSACK, N.J., July 31, 2023 /PRNewswire/ -- First Real Estate Investment Trust of New Jersey, Inc. ("FREIT" or the "Company") (OTCM: FREVS) today announced that its Board of Directors has unanimously adopted a stockholder rights plan (the "Rights Plan") following evaluation and consultation with the Company's legal and financial advisors.
The Rights Plan is similar to plans adopted by other publicly traded companies incorporated in Maryland and is intended to protect the long-term interests of FREIT stockholders and to enable them to realize the full potential value of their investment. The Rights Plan has a three-year duration and the rights will be exercisable only if any person (or any persons acting as a group) acquires 10% or more of FREIT common stock. This ownership limitation better aligns FREIT with the ownership limitation of other REITs.
The Rights Plan does not preclude the Board from considering an offer that recognizes the full value of the Company. Rather, the Rights Plan will reduce the likelihood that any entity, person or group gains control of FREIT without paying an appropriate control premium. Importantly, the Rights Plan provides the Board with adequate time to fully assess its options following its receipt of an unsolicited, non-binding expression of interest from K Corp Acquisitions LLC, a Kushner company, to acquire FREIT.
While the Board will always evaluate credible proposals to maximize stockholder value, it is mindful that Charles Kushner has proven not to be a bona fide counterparty in a prior potential transaction with FREIT. As such, the Board believes any definitive agreement with Charles Kushner would carry significant, atypical closing and additional litigation risk.
The Rights Plan will benefit FREIT stockholders by providing the Company with enough time to pursue a final outcome in the previously announced ongoing litigation with Sinatra LLC, a Kushner company, related to Kushner's abandonment of a January 2020 definitive agreement to acquire certain of FREIT's assets. Following the outcome of the litigation, the Board will have greater flexibility to consider a value-maximizing transaction.
Additional Details of the Rights Plan
In connection with the adoption of the Rights Plan, the Board of Directors declared a dividend distribution of one preferred stock purchase right for each outstanding share of FREIT common stock to stockholders of record as of the close of business on August 11, 2023. Initially, these rights will not be exercisable and will trade with the shares of FREIT common stock.
The Rights Plan provides several recognized stockholder protections, such as the following:
- Under the Rights Plan, the rights generally will become exercisable if a person or group becomes an "acquiring person" by acquiring 10% or more of the common stock of FREIT (which includes stock subject to a derivative transaction or an acquired derivative security) or if a person commences a tender offer that could result in that person becoming an "acquiring person".
- If a person becomes an "acquiring person," each holder of a right (other than the acquiring person) would be entitled to purchase, at the then-current exercise price, such number of shares of common stock (or, subject to the terms of the Rights Plan, shares of preferred stock that are equivalent to shares of FREIT common stock) at a 50% discount. If FREIT is acquired in a merger or other business combination transaction after any such event, each holder of a right would then be entitled to purchase, at the then-current exercise price, shares of the acquiring company's common stock at a 50% discount. The Board, at its option, may exchange on a cashless basis, each right (other than rights owned by the acquiring person that have become null and void) in whole or in part, at an exchange ratio of one share of FREIT common stock per outstanding right, subject to adjustment.
- The Rights will expire in three years on July 31, 2026, unless the rights have been previously redeemed or exchanged by the Board of Directors in accordance with the terms of the Rights Plan.
Under the Rights Plan, any person, entity or group that currently owns more than the triggering percentage may continue to own its shares of FREIT common stock but may not acquire any additional shares of common stock, or form a group with another owner of FREIT common stock, without triggering the Rights Plan.
Additional details about the Rights Plan will be contained in a Current Report on Form 8-K to be filed by FREIT with the Securities and Exchange Commission.
Advisors
Goldman Sachs & Co. LLC is acting as financial advisor to FREIT and Goodwin Procter LLP and Miles & Stockbridge P.C. are acting as legal counsel.
About FREIT
First Real Estate Investment Trust of New Jersey, Inc. is a publicly traded (over-the-counter – symbol FREVS) REIT organized in 1961. Its portfolio of residential and commercial properties are located in New Jersey and New York, with the largest concentration in northern New Jersey. For more information, visit: www.freitnj.com.
Forward-Looking Statements
This Company release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements can be identified by the use of words such as "expect," "plan," "will," "estimate," "project," "intend," "believe," "guidance," "approximately," "anticipate," "may," "should," "seek" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions of management. These forward-looking statements are subject to known and unknown risks and uncertainties that you should not rely on as predictions of future events. Forward-looking statements depend on assumptions, data and/or methods which may be incorrect or imprecise and we may not be able to realize them. The following risks and uncertainties, among others, could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to: industry and economic conditions; the Company's ability to satisfy the conditions to closing and complete the proposed transaction; the Company's dependence upon its external manager to conduct its business and achieve its investment objectives; unknown liabilities acquired in connection with acquired properties or interests in real estate-related entities; general risks affecting the real estate industry and local real estate markets (including, without limitation, the market value of the Company's properties, potential illiquidity of the Company's remaining real estate investments, condemnations, and potential damage from natural disasters); the financial performance of the Company's tenants; the impact of any financial, accounting, legal or regulatory issues or litigation that may affect the Trust and its major tenants; volatility and uncertainty in the financial markets, including potential fluctuations in the consumer price index; risks associated with the Company's failure to maintain status as a REIT under the Internal Revenue Code of 1986, as amended; and other additional risks discussed in the Company's annual report on Form 10-K for the fiscal year ended October 31, 2022. The Company expressly disclaims any responsibility to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Media & Investor Contact
Scott Bisang / Nick Lamplough / Jack Kelleher
Collected Strategies
FREIT-IR@collectedstrategies.com
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SOURCE First Real Estate Investment Trust of New Jersey | https://www.wcjb.com/prnewswire/2023/07/31/first-real-estate-investment-trust-new-jersey-inc-adopts-stockholder-rights-plan/ | 2023-07-31T12:18:10 | 1 | https://www.wcjb.com/prnewswire/2023/07/31/first-real-estate-investment-trust-new-jersey-inc-adopts-stockholder-rights-plan/ |
Forester Wilderness Ad Showcases 'A Beautiful Silence' and Partnership with the National Park Foundation
CAMDEN, N.J., July 31, 2023 /PRNewswire/ -- Subaru of America, Inc. today unveiled a new creative spot focused on the automaker's efforts to expand access to the outdoors for all. Featuring the all-new 2023 Subaru Forester Wilderness, the advertisement stars Keivonn Woodard, the Emmy-nominated, 10-year-old Deaf actor and showcases the automaker's long-standing partnership with the National Park Foundation.
In the creative, titled "A Beautiful Silence," a father and his young son, who is Deaf, drive through Yosemite National Park, with the wonders of the park's beauty surrounding them. Featuring audio elements and American Sign Language (ASL), the spot shows how the pair experience the park's natural wonders in different ways, but share the special feeling that nature brings forth.
"The outdoors are for everyone, and whether it's a trip to a national park or a walk in the woods, we believe everyone should have the opportunity to experience its beauty," said Alan Bethke, Senior Vice President, Marketing, Subaru of America, Inc. "Through our partnership with the National Park Foundation and our commitment to making safe and capable vehicles like the Forester Wilderness, we're hoping that even more people will be inspired to explore the wonders of nature, just like the father and son in our new creative."
Through the National Park Foundation's Outdoor Exploration initiative and ParkVentures program, Subaru is helping more people create life-long relationships with the outdoors. The campaign seeks to make the outdoors more accessible to communities that have been historically excluded from parks, either through a community's physical presence on public lands or through the narrative of who belongs outdoors.
Last year, with support from Subaru, ParkVentures supported the efforts of more than 55 organizations to connect more people, including those with differing abilities, to meaningful experiences in United States national parks. Subaru also developed a direct relationship with ParkVentures grantee Black People Who Hike, which aims to help address the lack of representation in parks by empowering, educating and engaging Black people in the outdoors. Subaru provided the vehicles, gear, and experiences for an enhanced retreat in Acadia National Park to help create safe, welcoming spaces and cultivate lasting relationships with the outdoors.
Subaru is the largest corporate donor to the National Park Foundation and has provided over $70 million to organizations working to conserve national parks. To learn more about the automaker's partnership with National Park Foundation and over 20 years of environmentally focused initiatives, please visit Subaru.com/earth.
The new Subaru Forester Wilderness spot, created in collaboration with agency partner Carmichael Lynch, celebrates the automaker's devotion to adventure and environmental stewardship. Beginning today, "A Beautiful Silence" will run in 30-second format on national television and be featured in 15-second format in targeted digital and social media promotions throughout August, while a 60-second version will be available on YouTube.
About Subaru of America, Inc.
Subaru of America, Inc. (SOA) is a wholly owned subsidiary of Subaru Corporation of Japan. Headquartered at a zero-landfill office in Camden, N.J., the company markets and distributes Subaru vehicles, parts and accessories through a network of more than 630 retailers across the United States. All Subaru products are manufactured in zero-landfill plants and Subaru of Indiana Automotive, Inc. is the only U.S. automobile manufacturing plant to be designated a backyard wildlife habitat by the National Wildlife Federation. SOA is guided by the Subaru Love Promise, which is the company's vision to show love and respect to everyone, and to support its communities and customers nationwide. Over the past 20 years, SOA and the SOA Foundation have donated more than $300 million to causes the Subaru family cares about, and its employees have logged nearly 88,000 volunteer hours. As a company, Subaru believes it is important to do its part in making a positive impact in the world because it is the right thing to do. For additional information visit media.subaru.com. Follow us on Facebook, Twitter, and Instagram.
Media Contacts:
Diane Anton
Corporate Communications Manager
(856) 488-5093
danton@subaru.com
Adam Leiter
Corporate Communications Specialist
(856) 488-8668
aleiter@subaru.com
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SOURCE Subaru of America, Inc. | https://www.cleveland19.com/prnewswire/2023/07/31/new-subaru-creative-celebrates-access-outdoors-all/ | 2023-07-31T12:18:15 | 1 | https://www.cleveland19.com/prnewswire/2023/07/31/new-subaru-creative-celebrates-access-outdoors-all/ |
Success of the Global Premier Fertility Platform Leading to Additional Growth and Expansion
IRVINE, Calif., July 31, 2023 /PRNewswire/ -- Global Premier Fertility, a world-class fertility network that builds, leads, and manages fertility clinics and adjacent businesses announced the closing of a syndicated round of capital from existing investors and a new institutional funding partner, for an undisclosed amount.
The funding will provide Global Premier Fertility the ability to continue its key strategic initiatives for current platform growth and expansion, along with the recruitment of Reproductive Endocrinologists needed for immediate opportunities.
"We're very excited about the success of the platform and the opportunity for growth by expanding our core business through our partnerships with fertility centers and major health systems," said Kolin Ozonian, Founder and CEO of Global Premier Fertility. "As the need for high-quality fertility care continues to grow, we're positioned to address the fertility market demands by leveraging our unique partnership model with the best fertility specialists in the country to provide unrivaled, highly-personalized care."
Global Premier Fertility also recently held its first annual Science and Operations Summit in a private setting in Laguna Beach, CA. The scientific team covered the past, present and future of fertility and embryology science, highlighting the exciting advancements arriving to fertility laboratories in the near future. Ferring Pharmaceuticals also held an interactive session of their proprietary fertility patient experience map, providing keen insights to the challenges patients navigate through their fertility journey.
"Our first annual summit was a great success, notably was the robust discussion and collaboration of best practices regarding patient care and experience, not only from our Global Premier Fertility physicians and team members, but also with the physicians who attended from outside of the Global Premier Fertility network," said Rob Doll, President of Global Premier Fertility. "The summit further highlights the differentiating aspects of what separates Global Premier Fertility from other networks in the fertility industry."
For more information about Global Premier Fertility, please visit https://globalpremierfertility.com/.
About Global Premier Fertility:
Global Premier Fertility offers a unique partnership model through an innovative platform that builds, leads and manages fertility centers, providing physicians the resources needed to lead day-to-day operations while working alongside an experienced fertility leadership team to execute the vision of the practice. The Global Premier Fertility family of Partner Centers improves patient outcomes by providing a seamless patient experience through an innovative, comprehensive suite of services, delivering personalized fertility care from the nation's top specialists.
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SOURCE Albatross Capital Partners | https://www.wcjb.com/prnewswire/2023/07/31/global-premier-fertility-closes-syndicated-round-funding-holds-its-first-annual-science-operations-summit/ | 2023-07-31T12:18:17 | 0 | https://www.wcjb.com/prnewswire/2023/07/31/global-premier-fertility-closes-syndicated-round-funding-holds-its-first-annual-science-operations-summit/ |
NEW YORK (AP) — A week later, the “Barbenheimer” boom has not abated.
Seven days after Greta Gerwig’s “Barbie” and Christopher Nolan’s “Oppenheimer” conspired to set box office records, the two films held unusually strongly in theaters. “Barbie” took in a massive $93 million in its second weekend, according to studio estimates Sunday. “Oppenheimer” stayed in second with a robust $46.2 million. Sales for the two movies dipped 43% and 44%, respectably — well shy of the usual week-two drops.
“Barbenheimer” has proven to be not a one-weekend phenomenon but an ongoing box-office bonanza. The two movies combined have already surpassed $1 billion in worldwide ticket sales. Paul Dergarabedian, senior media analyst for data firm Comscore, call it “a touchstone moment for movies, moviegoers and movie theaters.”
“Having two movies from rival studios linked in this way and both boosting each other’s fortunes — both box-office wise and it terms of their profile — I don’t know if there’s a comp for this in the annals of box-office history,” said Dergarabedian. “There’s really no comparison for this.”
Following its year-best $162 million opening, the pink-infused pop sensation of “Barbie” saw remarkably sustained business through the week and into the weekend. The film outpaced Nolan’s “The Dark Knight” to have the best first 11 days in theaters of any Warner Bros. release ever.
“Barbie” has rapidly accumulated $351.4 million in U.S. and Canadian theaters, a rate that will soon make it the biggest box-office hit of the summer. Every day it’s played, “Barbie” has made at least $20 million.
And the “Barbie” effect isn’t just in North America. The film made $122.2 million internationally over the weekend. Its global tally has reached $775 million. It’s the kind of business that astounds even veteran studio executives.
“That’s a crazy number,” said Jeff Goldstein, distribution chief for Warner Bros. “There’s just a built-in audience that wants to be part of the zeitgeist of the moment. Wherever you go, people are wearing pink. Pink is taking over the world.”
Amid the frenzy, “Barbie” is already attracting a lot of repeat moviegoers. Goldstein estimates that 12% of sales are people going back with friends or family to see it again.
For a movie industry that has been trying to regain its pre-pandemic footing — and that now finds itself largely shuttered due to actors and screenwriters strikes — the sensations of “Barbie” and “Oppenheimer” have showed what’s possible when everything lines up just right.
“Post-pandemic, there’s no ceiling and there’s no floor,” Goldstein said. “The movies that miss really miss big time, and the movies that work really work big time.”
Universal Pictures’ “Oppenheimer,” meanwhile, is performing more like a superhero movie than a three-hour film about scientists talking.
Nolan’s drama starring Cillian Murphy as atomic bomb physicist J. Robert Oppenheimer has accrued $174.1 million domestically thus far. With an additional $72.4 million in international cinemas, “Oppenheimer” has already surpassed $400 million globally.
Showings in IMAX have typically been sold out. “Oppenheimer” has made $80 million worldwide on IMAX. The large-format exhibitor said Sunday that it will extend the film’s run through Aug. 13.
The week’s top new release, Walt Disney Co.’s “Haunted Mansion,” an adaptation of the Disney theme park attraction, was easily overshadowed by the “Barbenheimer” blitz. The film, which cost about $150 million, debuted with $24 million domestically and $9 million in overseas sales. “Haunted Mansion,” directed by Justin Simien (“Dear White People,” “Bad Hair”) and starring an ensemble of LaKeith Stanfield, Tiffany Haddish, Owen Wilson, Danny DeVito and Rosario Dawson, struggled to overcome mediocre reviews.
“Talk to Me,” the A24 supernatural horror film, fared better. It debuted with $10 million. The film, directed by Australian filmmakers Danny and Michael Philippou and starring Sophie Wilde, was a midnight premiere at the Sundance Film Festival in January and received terrific reviews from critics (95% fresh on Rotten Tomatoes). It was made for a modest $4.5 million.
While theaters being flush with moviegoers has been a huge boon to the film industry, it’s been tougher sledding for Tom Cruise, the so-called savior of the movies last summer with “Top Gun: Maverick.” “Mission Impossible: Dead Reckoning Part I,” which debuted the week before the arrival of “Barbenheimer,” grossed $10.7 million in its third weekend. The film starring Cruise and directed by Christopher McQuarrie, has grossed $139.2 million domestically and $309.3 million oveseas.
Instead, the sleeper hit “Sound of Freedom” has been the best performing non-“Barbenheimer” release in theaters. The Angel Studios’ release, which is counting crowdfunding pay-it-forward sales in its box office totals, made $12.4 million in its fourth weekend, bringing its haul thus far to nearly $150 million.
Estimated ticket sales for Friday through Sunday at U.S. and Canadian theaters, according to Comscore. Final domestic figures will be released Monday.
1. “Barbie,” $93 million.
2. “Opppenheimer,” $46.2 million.
3. “Haunted Mansion,” $24.2 million.
4. “Sound of Freedom,” $12.4 million.
5. “Mission: Impossible — Dead Reckoning Part One,” $10.7 million.
6. “Talk to Me,” $10 million.
7. “Indiana Jones and the Dial of Destiny,” $4 million.
8. “Elemental,” $3.4 million.
9. “Insidious: The Red Door,” $3.2 million.
10. “Rocky Aur Rani Ki Prem Kahani,” $1.6 million. | https://www.ksn.com/entertainment/while-barbie-bonanza-continues-at-the-box-office-oppenheimer-holds-no-2-spot/ | 2023-07-31T12:18:21 | 0 | https://www.ksn.com/entertainment/while-barbie-bonanza-continues-at-the-box-office-oppenheimer-holds-no-2-spot/ |
Proceeds to Continue Advancing Community Goals and Vital Life-Saving Initiatives for New Yorkers In Need
NEW YORK, July 31, 2023 /PRNewswire/ -- In just six months of sales, Housing Works Cannabis Co, a CAURD licensee and the first adult-use cannabis dispensary in the state of New York, has directed millions in cannabis proceeds toward some of New York City's most urgent community needs. As part of parent organization Housing Works, the dispensary's sales proceeds go directly to helping New Yorkers with healthcare, housing, job training, harm reduction, case management, advocacy for health equity and social justice initiatives, LGBTQ+ youth programs and sexual health services.
"Our goal, going back over 30 years ago through Housing Works, has been to empower New Yorkers through advocacy and bridge communities to life saving services," said Sasha Nutgent, Retail Manager at Housing Works Cannabis Co. "From the resources we've rolled out, to the brands we carefully select for our customers, everything we do here has a greater purpose and we're humbled to see the support our mission is receiving."
Sales & Consumer Trends
Within three hours of opening on Dec. 29, 2022, Housing Works Cannabis Co saw an estimated $40,000 in sales—amounting to over $1.6 million in the first month and an estimated $12 million in the first six months of operations. Conversion rates, sales and customer retention continue to be strong, with as many as 1,000 unique visitors on busy days.
Consumer trend insights from the Housing Works Cannabis Co team show that customers continue to make decisions based on potency, reflecting a need for more education on cannabis and its numerous uses. New Yorkers and tourists alike also tend to prefer sativa and sativa-leaning hybrid strains, with flower representing the top-selling product category. In addition, the team also found that those who come in seeking edibles typically look for products that promote sleep and mitigate anxiety.
Menu Expansion
More recently, the dispensary added 200 new products to its menu, bringing more options from queer-, BIPOC- and women-owned and led companies into the store for customers to discover. Housing Works Cannabis Co currently carries seven social equity brands, with more coming soon.
"One unforeseen challenge and a pain point for both retailers and customers has been product rollout," said Nutgent. "There have been major improvements with the state's product testing timeline, for example, but the feedback we still hear from some Black-owned brands is that there is not enough funding to get their products into the market."
Last month, Housing Works Cannabis Co introduced its first Black-owned brand, Brelixi—which is also woman- and queer-owned—onto its shelves. Other social equity brands include Fat Nell (women-led), The Weekenders (BIPOC-owned and -led), as well as Flamer and Drew Martin (queer-owned).
Delivery Service
With accessibility as another focal point for the nonprofit, Housing Works Cannabis Co also became the first legal cannabis delivery service to launch in the state. Handled fully in-house thanks to 30+ years of Housing Works' experience through its thrift furniture donation and pick-up program, deliveries currently account for about 5-7% of sales.
Spanning select ZIP codes in Manhattan, Brooklyn and Queens, anyone over the age of 21+ with a valid ID can secure same-day and next-day delivery slots directly on Housing Works Cannabis Co's website.
"We've seen our delivery programs over the years forge meaningful and trusting relationships between our staff and thrift store patrons," said Charles King, CEO of Housing Works. "To see the same positive dynamic emerge between customers and budtenders reflects our roots in the city, our deep understanding of New York City culture and the community trust we continue to nurture."
For more information on Housing Works Cannabis Co, please visit: hwcannabis.co
About Housing Works Cannabis Co
Housing Works Cannabis Co is a recipient of New York State's CAURD social equity license initiative and the first legal cannabis dispensary to open in the state. Founded in 2022 as a bold new extension of Housing Works' established retail outlets—which include thrift store locations across the city and a bookstore in SoHo—proceeds from Housing Works Cannabis Co go directly to the nonprofit organization's mission to end social injustices through the provisioning of lifesaving services and relentless advocacy. For thirty years, Housing Works has provided housing, healthcare and other critical services to New Yorkers affected by AIDS, homelessness, substance abuse and criminal justice system involvement. The Housing Works Cannabis Co not only generates additional funding for these services, it does so while modeling the positive role cannabis can play in our communities. Learn more at hwcannabis.co
Media Contact:
Martha N. Marshall
Grasslands: A Journalism-Minded Agency
martha@mygrasslands.com
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SOURCE Housing Works | https://www.cleveland19.com/prnewswire/2023/07/31/nonprofit-housing-works-cannabis-co-garners-12-million-sales-during-first-six-months-operation-new-york/ | 2023-07-31T12:18:21 | 1 | https://www.cleveland19.com/prnewswire/2023/07/31/nonprofit-housing-works-cannabis-co-garners-12-million-sales-during-first-six-months-operation-new-york/ |
Global wellness company introduces revolutionary Derma Fusion Technology to target enhanced weight management
FRISCO, Texas, July 31, 2023 /PRNewswire/ -- With many revolutionary wearable nutrition formulas already part of the impressive Le-Vel Brands product lineup, DFT DUO ELITE is the latest addition designed to elevate weight management support.
"To say this is our strongest, most creative formula is an understatement. The intent behind this product is a left/right approach to help it circulate faster, in a more efficient manner and is engineered for healthy weight management." - Le-Vel CEO, Jason Camper
DFT DUO ELITE is the largest, most powerful Derma Fusion Technology (DFT) ever created, made to heighten weight management results. Using the original DFT DUO and ELITE DFT as inspiration, this is a strengthened version formulated with an expanded footprint & higher concentrations of ingredients that support fat burning while retaining lean muscle.
DUO ELITE is the final step of a simple, three-part morning routine. Begin the THRIVE ELITE Experience by taking two ELITE Lifestyle Capsules with water in the morning. 20-40 minutes later, drink the ELITE Lifestyle Mix. Lastly, apply your DFT DUO ELITE to both the right & left side of your body and leave on for 24 hours. Use daily for maximum benefits.
Reviews are flowing in from customers already:
"This thing packs a serious punch. I love that Le-Vel is always evolving with the customer's needs. We asked for more power and they delivered." - Mikey O.
"Wow, the appetite support and extra energy even on Day 2 is AMAZING!" - Tiffany V.
For more information about DFT DUO ELITE, go to: www.le-vel.com/Products/THRIVE/DuoEliteDFT
Meaningful weight loss requires healthy lifestyle choices, diet and exercise, and good nutritional intake.
Founded in 2012 by Jason Camper and Paul Gravette, Le-Vel formulates and sells health and wellness products and skincare. Le-Vel's products include the THRIVE Experience and THRIVE ELITE Experience. Le-Vel has over 10 million Customer and Brand Promoter accounts and currently ships within North America, Southeast Asia, Australia, New Zealand, and the UK.
To learn more about Le-Vel, visit: www.le-vel.com
Le-Vel Instagram - https://www.instagram.com/le_velofficial/
Le-Vel Facebook - https://www.facebook.com/LevelBrands
Media Contact: Liz Reuth liz.reuth@le-vel.com
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SOURCE Le-Vel Brands | https://www.wcjb.com/prnewswire/2023/07/31/go-bigger-le-vel-launches-largest-most-powerful-wearable-nutrition-ever-made/ | 2023-07-31T12:18:23 | 1 | https://www.wcjb.com/prnewswire/2023/07/31/go-bigger-le-vel-launches-largest-most-powerful-wearable-nutrition-ever-made/ |
(The Hill) – A bipartisan group of lawmakers on the House Oversight Committee say a high-profile hearing on UFOs is just the start of their push for answers.
And they are threatening to use heavier handed tactics if the Pentagon and intelligence agencies stand in their way.
Reps. Anna Paulina Luna (R-Fla.), Matt Gaetz (R-Fla.), Tim Burchett (R-Tenn.) and Jared Moskowitz (D-Fla.) want more information on unidentified anomalous phenomena (UAP) — commonly referred to as UFOs — beginning with new laws, a classified hearing and the possible creation of a select committee.
The lawmakers said they are willing to use subpoena power if needed to get the answers they’re seeking from the federal government.
“If there’s not a cover up, the government and the Pentagon are sure spending a lot of resources to stop us from studying it,” Burchett told The Hill.
He added that they hope House Speaker Kevin McCarthy (R-Calif.) can aid them in setting up a select committee to study the issue of UAPs — as well as any government program that addresses them. If they don’t get leadership approval, they’ll “just start holding field hearings because the public is demanding that we have transparency,” Burchett said.
The effort comes after three former military officials earlier this week and under oath gave bombshell testimony on the unexplained aerial objects, telling lawmakers that for years they’ve been kept in the dark about the mysterious sightings and encounters.
David Grusch, a former Air Force intelligence officer, gave the most shocking testimony when he said he was told of a “multi-decade UAP crash retrieval and reverse-engineering program,” accusing the military of misdirecting funds to keep such operations secret.
The shocking testimony now has committee members questioning how Congress should begin to investigate the witness claims and demand more answers from the executive branch on programs it claims doesn’t exist.
Lawmakers hope to start with obtaining additional information and documents that Grusch said he submitted to the Pentagon’s inspector general after serving on two Defense Department task forces looking into UAPs.
To get the information from Grusch — who said he was unable to discuss specifics on what he told the Pentagon’s watchdog arm — lawmakers want to sit down with the former official in a sensitive compartmented information facility (SCIF) to get additional information from him.
The group has been blocked, however, by officials that have informed them that Grusch doesn’t currently have security clearance to discuss the issues in a SCIF, according to Burchett.
“I think we’ll get there eventually, it’s just frustrating. I’m ready to go and the American public are ready to go,” he said.
Luna argued the SCIF with Grusch would help lawmakers better understand the type of legislation they need to write regarding UAPs. She said she supports legislation that would declassify information on the phenomena.
With a growing amount of bipartisan interest for more government transparency surrounding the issue, a need for reporting procedures for UAP’s both in the miliary and commercial airspace, and “stronger and stricter punishment for those that try to silence whistleblowers,” the topic is more important than ever, she said.
There is currently a provision in the Senate’s version of the annual defense authorization bill, inserted by Sens. Mike Rounds (R-S.D.) and Chuck Schumer (D-N.Y.), which would force federal government agencies to hand over UAP records to a review panel with the power to declassify them. The bill, known as the National Defense Authorization Act, was passed by the Senate on Thursday and now must be reconciled with the House’s version, so the initiative could still be stripped out.
Burchett also made an attempt to put an amendment into a Federal Aviation Administration bill to improve air travel, passed July 20, that would have required UAP sightings be reported to Congress. The initiative was blocked, which Luna said was an indication that “we clearly have a battle ahead of us.”
Another avenue for lawmakers should they not receive access to a SCIF would be invoking the Holman rule.
During Wednesday’s hearing Rep. Andy Ogles (R-Tenn.) vowed to do just that, saying that he would “personally volunteer to initiate the Holman rule against any personnel, or any program, or any agency that denies access to Congress.”
The Holman rule is a House power through which they can strip the salary of a specific government position, fire civil servants or cut a particular program.
Ogles’s pledge came after Grusch told lawmakers that the federal government for decades has secretly funded a “UAP crash retrieval and reverse engineering program” and that he believes the government is in possession of non-human crafts, based on interviews with 40 witnesses.
Moskowitz told The Hill that while it’s too early to use the Holman rule — as Congress must first “figure out where these positions exist and then examine whether or not they should be funded” — he hopes that by discussing the rule it will create more transparency with the federal government.
“This is about government transparency. I’m all for protecting national security, but that can’t just be a shield to deny the American people the basics of what we know about UAPs,” he said.
And Burchett said if lawmakers “start getting stonewalled” by the Pentagon and intelligence agencies, he will have “no hesitation,” to invoke the rule.
Luna, meanwhile, said whether lawmakers use the rule depends on the response they receive from various agencies, programs and appointees.
That process could start as soon as September when lawmakers consider the Defense Appropriations bill on the House floor.
“We know that enormous sums of money are being spent on UAP related activity, whether it’s retrieval/recovery, research and reverse engineering, or just security for whatever the government is hiding,” she told The Hill. “But none of that is on the books, so from a basic governance perspective, Congress needs to know where money is being misappropriated.”
The Hill’s Sarakshi Rai contributed reporting. | https://www.ksn.com/hill-politics/ufo-curious-lawmakers-brace-for-a-fight-over-government-secrets/ | 2023-07-31T12:18:28 | 0 | https://www.ksn.com/hill-politics/ufo-curious-lawmakers-brace-for-a-fight-over-government-secrets/ |
First new nuclear unit in three decades is now online, providing safe, reliable,emission-free energy for electric cooperative consumers
TUCKER, Ga., July 31, 2023 /PRNewswire/ -- Today Oglethorpe Power, on behalf of the Georgia electric cooperatives it serves, commended the safe and successful achievement of commercial operation for Plant Vogtle Unit 3, which marks a historic accomplishment for the energy industry, the state of Georgia and the entire nation. Now in service, the Unit is available for safe and reliable dispatch and will provide emission-free, baseload power for Georgians for the next 60 to 80 years.
"Nuclear energy is increasingly important to the clean energy transition, and Oglethorpe Power's significant ownership in the Vogtle construction project is a testament to the important investments we're making that drive us toward a cleaner and more sustainable energy future," said Oglethorpe Power President & CEO Mike Smith. "We understand the importance of keeping the lights on in a way that preserves both affordability and reliability – and we are proud that the clean energy generated by Unit 3 will help us deliver on that mission for years to come."
Nuclear power is a reliable, baseload energy resource. Unit 3 can generate emission-free electricity at full power 24 hours a day, seven days a week.
When Unit 4 enters service, emission-free nuclear energy will account for nearly half of the energy Oglethorpe Power generates for its member cooperatives and the 4.4 million Georgians they serve. The company's investment in the new nuclear units underscores its commitment to fuel diversity and price stability.
As one of the largest clean energy projects in the nation, Plant Vogtle Units 3 and 4 represent the first advanced commercial nuclear project in the United States in more than thirty years. Once Unit 4 reaches commercial operation, Plant Vogtle will become the largest producer of emission-free energy in the United States.
"Oglethorpe Power commends the efforts of the dedicated men and women who make up the Plant Vogtle workforce. With Unit 3 online and operating safely, homes and businesses across Georgia will be powered by reliable, emission-free nuclear energy for decades," added Smith. "Additionally, with the recent receipt of the 103(g) finding for Unit 4, the site has achieved another critical milestone toward loading fuel, which means we are one step closer to Unit 4 joining Unit 3 in safe commercial operation."
Learn more at opc.com/nuclear.
About Oglethorpe Power
Oglethorpe Power is one of the nation's largest power supply cooperatives with more than $16 billion in assets serving 38 Electric Membership Corporations which, collectively, provide electricity to approximately 4.4 million Georgia residents. A proponent of conscientious energy development and use, Oglethorpe Power balances reliable and affordable energy with environmental responsibility and has an outstanding record of regulatory compliance. Its diverse energy portfolio includes natural gas, nuclear, hydroelectric and coal generating plants with a combined capacity of more than 7,800 megawatts. Oglethorpe Power was established in 1974 and is owned by its 38 member systems. Its headquarters are in Tucker, Georgia, an Atlanta suburb. For more information, visit www.opc.com.
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SOURCE Oglethorpe Power Corporation | https://www.cleveland19.com/prnewswire/2023/07/31/oglethorpe-power-celebrates-commercial-operation-plant-vogtle-unit-3/ | 2023-07-31T12:18:28 | 1 | https://www.cleveland19.com/prnewswire/2023/07/31/oglethorpe-power-celebrates-commercial-operation-plant-vogtle-unit-3/ |
LA ROMANA, Dominican Republic, July 31, 2023 /PRNewswire/ -- The international known company Hilton Hotels & Resorts opens its doors to its Hilton Garden Inn La Romana hotel project in the Dominican Republic, in collaboration with a group of important investors under the company Riverhome Capital S.A.S., whose main shareholder is the prominent Dominican former major league player, Edwin Encarnación; together with the vision of the lawyer Guillermo Estrella Ramia and the Minister of Tourism, David Collado.
The inauguration was led by Luis Abinader Corona, president of the Dominican Republic and who expressed that "This hotel has something very special, opening up the beach and the sector of La Caleta of La Romana, which for a long time was closed to the province and its visitors. Since private investment must always be accompanied by public infrastructure, we are working on creating them, so we are all part of this development of La Romana."
With an investment of 25 million united states dollars and the creation of more than 300 direct jobs, it is considered as a hotel option for the growing flows of tourists that the area is currently receiving. Located a short distance from other points of relevance, such as La Romana Airport 18 minutes away, Casa de Campo 12 minutes away and Central Romana just a few blocks away.
The new hotel facility has a privileged location on a 5,000 square meters property, located on the coast of the municipal district of La Caleta, La Romana province. With a capacity of 130 rooms, distributed in five of the seven floors of the building, it also counts with swimming pools, two bars, a restaurant, gym, event, meeting and multipurpose rooms, and outdoor areas, ideal for social and corporate celebrations.
The hotel responds to the interest of Edwin Encarnación to invest in the development of his province of origin, who expressed that "from the moment this project was presented to me, I knew that I had to be part and be the one to assume this. I joined the development of this hotel, with the only requirement that most of the workers came from here, from my town La Romana, and we achieved this."
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SOURCE Grupo De Valle | https://www.wcjb.com/prnewswire/2023/07/31/hilton-garden-inn-la-romana-dominican-republic-celebrates-its-opening/ | 2023-07-31T12:18:29 | 1 | https://www.wcjb.com/prnewswire/2023/07/31/hilton-garden-inn-la-romana-dominican-republic-celebrates-its-opening/ |
WICHITA, Kan. (KSNW) – Triple-digit temperatures are creating financial challenges for people running their air conditioning units to keep cool, but the City of Wichita has resources available to help.
The city is extending free rides on air-conditioned Q-Line buses to last through the week. The buses can help unhoused people travel from downtown to cooling centers in surrounding neighborhoods.
The three cooling centers offering water and air conditioning are located at the following addresses:
- Atwater, 2755 E. 19th St. N.
- Colvin, 2820 S. Roosevelt St.
- Evergreen, 2601 N. Arkansas St.
However, parents visiting Riverside Park Sunday were unaware of the cooling centers and were facing some financial stress from footing their air conditioning bills.
“They’re stuck at home, and they’re getting bored, but then it’s hot outside,” said one mom at the park with her two boys.
Even inside, families faced challenges keeping cool.
“Our house doesn’t have a lot of insulation, so we get a lot of the heat in, and a lot of the cold air escapes,” said Grace Barb, a mom visiting the park with her daughter.
Extra air conditioning use caused financial stress for the two moms.
“It does suck to get a bill that’s like $50 to $100 more,” said the mom visiting with her boys. “I mean, I’m not really excited to look at the bill this month.”
The city’s free Q line rides and cooling centers are meant to help prevent people from getting overheated.
“We’re just trying to keep people in air, keep them cool,” said Jeff Blubaugh, Wichita City Council member. “I mean, this is some record heat that we’re experiencing this week.”
Even with cooling centers open, it’s important to look out for neighbors and friends.
“Especially if you know somebody who’s having tough times or not running their air conditioning,” Blubaugh said. “Just check up on them.” | https://www.ksn.com/news/local/extreme-heat-causing-money-worries-for-wichitans/ | 2023-07-31T12:18:34 | 0 | https://www.ksn.com/news/local/extreme-heat-causing-money-worries-for-wichitans/ |
New Oracle Cloud Native SCCA Landing Zone solution reduces barriers to cloud adoption and enables mission owners to rapidly build compliant architectures
AUSTIN, Texas, July 31, 2023 /PRNewswire/ -- Oracle Cloud Infrastructure (OCI) has introduced a new Secure Cloud Computing Architecture (SCCA) for the U.S. Department of Defense (DoD). The solution helps make security compliance and cloud adoption for mission-critical workloads easier, faster, and more cost effective by using a framework of cloud native services.
SCCA is a DoD security framework designed to provide a standard approach for boundary and application-level security for the Defense Information Systems Agency (DISA) Impact Level 4 and 5 data hosted in commercial cloud environments. Historically, SCCA compliance has required significant investment from DoD mission owners in the form of independent development efforts and third-party software licensing. The cost and time result in a significant challenge during cloud migrations.
Oracle Cloud Native SCCA Landing Zone provides a framework for securely running DoD mission workloads and storing Impact Level 2, 4, and 5 data in OCI government regions. The automation provided by the solution enables DoD mission owners to establish a compliant security architecture in just a few hours or days, instead of months. It uses cloud native infrastructure services, significantly accelerating the time to deployment of mission critical workloads by reducing architecture time and minimizing decision points.
"Oracle Cloud Native SCCA Landing Zone is a game changer for our customers. What we are doing is fundamentally different,"said Rand Waldron, vice president, OCI Global Government Sector. "We will deliver all the capabilities necessary for SCCA completely in native OCI services. Our customers will no longer have to manage multiple licenses, multiple vendor relationships, or multiple kinds of security configurations. Our SCCA solution will provide everything the customer needs to stand up an SCCA-compliant workload in the cloud.".
Learn more about Oracle's new Cloud Native SCCA Landing Zone solution in the OCI SCCA Architecture Guide.
Simplifying and accelerating DoD security compliance
The Oracle Cloud Native SCCA Landing Zone includes baseline configurations, rules, and templates that meet DISA Impact Level 2, 4 and 5 accreditation requirements. This is delivered using a standardized Infrastructure-as-Code (IAC) template that meets a set of SCCA controls in a simplified and repeatable way. Based on Terraform, OCI Landing Zones allow OCI customers to perform one click, best-practice deployments of multiple Oracle services at once. Customers can launch the templates from the Cloud Native SCCA Landing Zone, answer a few simple questions about their configuration, and have an architecture set up same day.
The solution also addresses the four primary technical components of the SCCA framework; Cloud Access Point (CAP), Virtual Data Center Security Stack (VDSS), Virtual Data Center Management Service (VDMS), and Trusted Cloud Credential Manager (TCCM). Customers who deploy the secure baseline using the Cloud Native SCCA Landing Zone are provided with an architecture guide, implementation guide, requirements checklist, reference architecture, and best practices to accelerate the accreditation of their application on OCI.
Security, compliance, consistent high performance, and simple, predictable pricing
The Oracle Cloud Native SCCA Landing Zone script and associated technical documentation are provided at no separate or additional charge under a customer's contract. Underlying consumable cloud services used to stand up Oracle Cloud Native SCCA in a customer's tenancy may be billable in accordance with the customer's contract. Oracle Cloud for DoD services are priced at the same, consistent global pricing as Oracle's commercial public cloud regions and meet DISA Impact Levels 2, 4, and 5 and FedRAMP+ authorization standards.
Commercial customers can also take advantage of the automated security posture outlined above. All OCI customers can leverage custom security zones with the SCCA and other OCI Landing Zones that allow organizations to apply security policies and prevent changes that could weaken a customer's security configuration quickly and easily. Learn more about Oracle Landing Zones here.
Oracle Cloud Native SCCA Landing Zone scripts are available within the OCI Console, through GitHub, and from the Hosting and Compute Center (HaCC) website.
Additional Resources
- Oracle Cloud for DOD
- DISA IL5 Authorized Oracle Cloud for Government for U.S. Defense and Intelligence
- Oracle FedRAMP Authorizations
- Government Region Service Catalog
- Oracle and U.S. Defense Department continue their partnership with JWCC
About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.
Trademarks
Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company--ushering in the new era of cloud computing.
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SOURCE Oracle | https://www.cleveland19.com/prnewswire/2023/07/31/oracle-introduces-first-cloud-native-secure-cloud-computing-architecture-solution-us-dod/ | 2023-07-31T12:18:34 | 0 | https://www.cleveland19.com/prnewswire/2023/07/31/oracle-introduces-first-cloud-native-secure-cloud-computing-architecture-solution-us-dod/ |
- CARDIO-TTRansform is the largest, most comprehensive ATTR-CM study with more than 1,400 patients enrolled
- Eplontersen is currently under U.S. FDA review for ATTRv-polyneuropathy, with ATTR-CM representing a second, larger potential patient population
CARLSBAD, Calif., July 31, 2023 /PRNewswire/ -- Ionis Pharmaceuticals, Inc. (Nasdaq: IONS) today announced the completion of enrollment in the Phase 3 CARDIO-TTRansform cardiovascular outcomes study of eplontersen in patients with transthyretin-mediated amyloid cardiomyopathy (ATTR-CM), a large and growing patient population at risk of life-threatening cardiovascular (CV) events. The study enrolled more than 1,400 patients.
Eplontersen is an investigational antisense medicine designed to inhibit the production of transthyretin and slow the progression of cardiomyopathy for people living with hereditary or wild-type ATTR-CM.
"CARDIO-TTRansform is the largest and most comprehensive ATTR-CM study ever conducted. The evaluation of eplontersen in this broad, diverse patient population will enable robust and clinically meaningful analysis of the composite endpoint of CV mortality and recurrent CV events," said Eugene Schneider, M.D., executive vice president and chief clinical development officer for Ionis. "It will also allow us to gather data from important patient subsets, including patients with or without stabilizer therapy and those with or without hereditary disease within the evolving ATTR-CM landscape. We look forward to reporting results as early as the first half of 2025."
As part of a global development and commercialization agreement, Ionis and AstraZeneca are seeking regulatory approval for eplontersen for the treatment of transthyretin-mediated amyloid polyneuropathy (ATTRv-PN) in the U.S. and plan to seek regulatory approval in Europe and other parts of the world. The U.S. Food and Drug Administration accepted the New Drug Application for eplontersen for the treatment of ATTRv-PN with a PDUFA action date of Dec. 22, 2023. Eplontersen was granted Orphan Drug Designation in the U.S.
For more information on the CARDIO-TTRansform study, please visit www.clinicaltrials.gov (NCT04136171).
About the CARDIO-TTRansform Study
CARDIO-TTRansform is a global, double-blind, randomized, placebo-controlled Phase 3 cardiovascular outcome study in more than 1,400 patients with ATTR cardiomyopathy (ATTR-CM). It is designed to compare eplontersen to placebo in patients with both wild-type ATTRwt-CM and hereditary ATTRv-CM who are either naïve to treatment or on a currently available standard of care. The primary composite endpoint is cardiovascular (CV) mortality and recurrent CV clinical events comparing the two study arms up to week 140. Secondary endpoints include the change from baseline in the 6-minute walk test (6MWT) and the Kansas City Cardiomyopathy Questionnaire (KCCQ) scores at week 121, as well as the rates of CV mortality, CV clinical events and all-cause mortality at week 140.
About Eplontersen
Eplontersen is an investigational LIgand-Conjugated Antisense (LICA) medicine designed to inhibit the production of TTR protein. Eplontersen is being developed as a monthly self-administered subcutaneous injection to treat all types of ATTR. ATTR amyloidosis is a systemic, progressive and fatal disease in which patients experience multiple overlapping clinical manifestations caused by the inappropriate formation and aggregation of TTR amyloid deposits in various tissues and organs, including peripheral nerves, heart, intestinal tract, eyes, kidneys, central nervous system, thyroid and bone marrow. The progressive accumulation of TTR amyloid deposits in these tissues and organs leads to organ failure and eventually death.
About Transthyretin-mediated Amyloid Cardiomyopathy (ATTR-CM)
Transthyretin-mediated amyloid cardiomyopathy (ATTR-CM) is an underdiagnosed and potentially fatal disease. It is caused by the accumulation of misfolded TTR protein in the cardiac muscle. Patients experience ongoing debilitating heart damage resulting in progressive heart failure, which results in death within three to five years from disease onset. ATTR-CM includes both the genetic and wild-type form of the disease. Worldwide, there are an estimated 300,000 – 500,0001,2 patients with ATTR-CM.
About Ionis Pharmaceuticals, Inc.
For more than 30 years, Ionis has been a leader in RNA-targeted therapy, pioneering new markets and changing standards of care. Ionis currently has four marketed medicines and a promising late-stage pipeline highlighted by cardiovascular and neurological franchises. Our scientific innovation began and continues with the knowledge that sick people depend on us, which fuels our vision to become the leader in genetic medicine, utilizing a multi-platform approach to discover, develop and deliver life-transforming therapies.
To learn more about Ionis visit www.ionispharma.com and follow us on Twitter @ionispharma.
Ionis' Forward-looking Statements
This press release includes forward-looking statements regarding Ionis' business and the therapeutic and commercial potential of eplontersen, Ionis' technologies and other products in development. Any statement describing Ionis' goals, expectations, financial or other projections, intentions or beliefs is a forward-looking statement and should be considered an at-risk statement. Such statements are subject to certain risks and uncertainties including those related to our commercial products and the medicines in our pipeline, and particularly those inherent in the process of discovering, developing and commercializing medicines that are safe and effective for use as human therapeutics, and in the endeavor of building a business around such medicines. Ionis' forward-looking statements also involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although Ionis' forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by Ionis. As a result, you are cautioned not to rely on these forward-looking statements. These and other risks concerning Ionis' programs are described in additional detail in Ionis' annual report on Form 10-K for the year ended Dec. 31, 2022, and the most recent Form 10-Q quarterly filing, which are on file with the Securities and Exchange Commission. Copies of these and other documents are available from the Company.
In this press release, unless the context requires otherwise, "Ionis," "Company," "we," "our," and "us" all refer to Ionis Pharmaceuticals and its subsidiaries.
Ionis Pharmaceuticals® is a registered trademark of Ionis Pharmaceuticals, Inc.
1 Mohamed-Salem L, et al. Prevalence of wild type ATTR assessed as myocardial uptake in bone scan in the elderly population. Int J Cardiol. 2018 Nov 1;270:192-196. doi: 10.1016/j.ijcard.2018.06.006.
2 Cuscaden C, et al. Estimation of prevalence of transthyretin (ATTR) cardiac amyloidosis in an Australian subpopulation using bone scans with echocardiography and clinical correlation. J Nucl Cardiol. 2020 May 8. doi: 10.1007/s12350-020-02152-x.
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SOURCE Ionis Pharmaceuticals, Inc. | https://www.wcjb.com/prnewswire/2023/07/31/ionis-completes-enrollment-landmark-phase-3-cardio-ttransform-study-patients-with-ttr-mediated-amyloid-cardiomyopathy/ | 2023-07-31T12:18:36 | 0 | https://www.wcjb.com/prnewswire/2023/07/31/ionis-completes-enrollment-landmark-phase-3-cardio-ttransform-study-patients-with-ttr-mediated-amyloid-cardiomyopathy/ |
WICHITA, Kan. (KSNW) — Hot Wheels Monster Trucks Live Glow Party came to Wichita for the first time ever on Saturday and Sunday.
Fans were able to experience their favorite Hot Wheels Monster Trucks, including Mega Wrex, Tiger Shark, Boneshaker, Bigfoot and more, in the dark.
One local mom took her son for a new monster truck experience.
“He’s a big monster truck fan, so he’s been wanting to,” said Johana Esparza. “We’ve never been to a Hot Wheels show, so it was a different experience for him.”
Fans were also able to join in on a dazzling dance party, see a laser light show and participate in Hot Wheels toy giveaways. | https://www.ksn.com/news/local/hot-wheels-monster-trucks-live-glow-party-comes-to-wichita/ | 2023-07-31T12:18:40 | 1 | https://www.ksn.com/news/local/hot-wheels-monster-trucks-live-glow-party-comes-to-wichita/ |
Introducing the industry's first-ever utility side-by-side with a 1500cc 3-cylinder engine for more power to make tough jobs easier and the industry's only STEELDRIVE transmission for greater durability
MINNEAPOLIS, July 31, 2023 /PRNewswire/ -- Polaris Off Road, the global leader in powersports and off-road innovation, is once again breaking new ground with the industry's first extreme duty utility side-by-side: the all-new RANGER XD 1500. With its unprecedented capability, brute strength and unmatched comfort, the new extreme duty class of RANGER side-by-sides are engineered with the first-ever ProStar 1500cc 3-cylinder engine that offers an industry-leading 110 horsepower, the industry-exclusive STEELDRIVE automatic transmission for greater durability and precise control, and over 70 new accessories for enhanced customization, highlighted by Polaris' exclusive Lock & Ride MAX system. The RANGER XD 1500 establishes a new benchmark for utility side-by-sides.
"We spent over five years meeting with farmers, ranchers, large acreage property owners and big game hunters to develop an extreme duty vehicle that was missing from the market. From its ProStar 1500cc engine to the industry's only STEELDRIVE transmission, RANGER XD 1500 is unlike anything else offered today and is yet another example of our relentless commitment to advancing the industry with fresh thinking and innovative solutions that meet the real-world needs of our utility customers," said Steve Menneto, President of Polaris Off Road.
"Polaris RANGER has been the No. 1 selling utility side-by-side brand for more than 15 years and with the introduction of RANGER Extreme Duty, we've taken the industry's hardest-working lineup and expanded it," said Chris Judson, Vice President of Off Road Utility. "A segment of our utility customers said they are facing exceptionally large tasks and they simply need a machine with more power, more torque, more hauling and towing capacity, and more durability. And our team set out to deliver just that, incorporating dozens of new features and the latest engineering to make the RANGER XD 1500 more capable, stronger, and more comfortable than any other utility side-by-side out there."
Unprecedented Capability
Farmers, ranchers, and large landowners routinely haul and tow heavy loads around the property, and they've been asking for a solution when it comes to their heaviest tasks. The RANGER XD 1500 delivers unprecedented capability for hard-working customers to haul more, tow more, and get more done in less time. With the industry's only 1500cc utility engine, the RANGER XD 1500 provides over 30% more power and over 50% more torque than the next closest competitor.
- ProStar 1500cc 3-Cylinder Engine – Effortless towing, hauling, and confidence in tough terrain with an industry-leading 110HP and 105 lb-ft torque.
- 1,500 lb Cargo Box Capacity – Three-quarter ton box capacity providing nearly 50% more box volume than existing models for maximum productivity with fewer trips and bigger loads.
- 3,500 lb Towing Capacity – For those routinely towing heavy loads on the property, drive better productivity with nearly 40% more towing than existing models.
- Industry-leading Ground Clearance – All RANGER XD 1500 models get 15" of ground clearance with high-clearance arched A-arms to overcome large obstacles.
Brute Strength
Utility customers asked for a more durable, longer lasting offering to maximize their uptime and drive efficiency. Designed to last longer than any model before it, RANGER XD 1500 is the industry's most durable utility side-by-side and has been engineered from the ground up to be stronger and stand up to the demands of the longest days.
- Industry-exclusive STEELDRIVE transmission – Offers a 100 percent steel constructed belt that delivers smooth, precise operation and a fully sealed, liquid-cooled design for unmatched durability.
- High-Strength Steel Heavy Duty Frame – RANGER XD 1500 has a high-strength steel one-piece chassis featuring 160 percent more torsional stiffness for a smoother ride and better cab sealing.
- Industry-leading Service Intervals – RANGER XD 1500 offers the industry's longest service intervals so customers can maximize their uptime.
Unmatched Comfort
- From the farm to remote backcountry, utility customers work from before the sun rises to after it sets, and need something that delivers all-day comfort. Beyond industry-leading capability and durability, the RANGER XD 1500 prioritizes comfort across the entire lineup to keep customers going strong on the longest days.
- Most Spacious Interior – Equipped with the most spacious and premium cab available in utility side-by-sides, the XD 1500 offers increased leg and shoulder room, making it easy to enter and exit the vehicle. Adjustable seating and a telescopic steering wheel lets drivers find the perfect fit for height and riding preferences.
- Premium Seating – Contoured seating with added bolstering provides more rider comfort along with a center seat that flips down into an armrest with additional cup holders.
- Available Heated Seats – For comfort on the coldest days, RANGER XD 1500 NorthStar Ultimate is the first utility side-by-side that comes from the factory with heated seats.
- Drive Modes – RANGER XD 1500 comes with an intuitive and easy-to-use rotary drive mode selector that lets customers choose from four different drive modes, including:
- Heating and Air Conditioning (HVAC) – Riders can stay comfortable in harsh weather conditions in the RANGER XD 1500 NorthStar Edition, featuring an all-new HVAC system and a fully-enclosed, next generation ProShield cab that's been redesigned with improved sealing to prevent dust and water intrusion, while locking in the temperature from the climate-controlled cab.
- Sun Visors – All-new integrated sun visors provide improved visibility throughout the day for added confidence while driving.
- RIDE COMMAND – Available 7" waterproof touchscreen display powered by RIDE COMMAND technology featuring a back-up camera, GPS navigation regardless of cell service, and AM/FM radio with Bluetooth® streaming capability.
- RIDE COMMAND+ – Customers can keep tabs on their vehicle directly from the Polaris App and access critical vehicle information like vehicle location, maintenance reminders, and issue diagnostics right from the palm of their hand with the industry's only connected-vehicle technology. Available from the factory on NorthStar Ultimate.
Customization
Customers have been asking for increased versatility, durability, and ease of use for the different work applications they face throughout the day. With over 70 new Polaris Engineered Accessory options designed specifically for the RANGER XD 1500, plus options from partners brands including JBL®, Rhino Rack®, Pro Armor, Kolpin, and HD Parts, customers have more opportunity than ever before to make their vehicle fit their specific needs.
- Lock & Ride MAX – Polaris' easiest to use, most versatile, and confident accessory attachment platform ever. With customizable configurations and the ability to reconfigure on the fly with no tools required, this new accessory platform allows users to prepare for their day, their way. Customers can simply choose and place their accessory, lock it in place, and ride confidently knowing their gear is secure.
- New JBL® Audio – Polaris partnered with JBL® to create the highest performing audio system ever included in a RANGER from the factory. For customers wanting to turn it up a notch, the JBL® Trail Pro 4200 audio upgrade adds rear speakers and two subwoofers for an immersive audio experience.
- Glacier Pro HD Plow – New 84" plow designed for faster, more efficient plowing during the winter months. A hydraulic plow lift and angle kit can be paired with an all-new plow controller to manage the largest plow Polaris has ever offered, all without ever leaving the comfort of the cab.
2024 RANGER XD 1500 Premium: Starting at US $29,999 / CAN $36,199
The RANGER XD 1500 Premium commands a large presence thanks to heavy-duty components and the industry's largest bumper, providing complete front-end protection. The vehicle comes equipped with one of the most comprehensive standard packages in a side-by-side to date including 29" tires, tilt steering and seat slider for customizable comfort, four drive modes, high output LED headlights for enhanced visibility, and USB ports with multiple charging capabilities. The vehicle also comes equipped with boosted brakes and heavy-duty suspension to ensure performance across a variety of off-road environments.
2024 RANGER XD 1500 NorthStar Premium: Starting at US $39,999 / CAN $48,799
The next step up is the RANGER XD 1500 NorthStar Premium. This machine features a fully enclosed cab with HVAC temperature and five different mode controls, lockable full doors with power windows and a fixed front glass windshield. Additional features include an electronically controlled power tilt bed to dump heavy loads with ease, an overhead switch panel for easy accessorization, and an overhead rear work light to illuminate the cargo box in low-light conditions. NorthStar Premium comes stock with 30" Kenda® CrossTrail tires and available 32" tires to overcome large obstacles and tough terrain.
2024 RANGER XD 1500 NorthStar Ultimate: Starting at US $44,999 / CAN $54,499
Rounding out the lineup is the RANGER XD 1500 NorthStar Ultimate, which features everything from the NorthStar Premium trim, plus the 7" infotainment display powered by RIDE COMMAND and heated seats. The NorthStar Ultimate trim also delivers an immersive sound experience, featuring full AM/FM radio with Bluetooth® streaming capability and industry-exclusive JBL® speakers for precise audio and premium sound. Finally, the vehicle comes standard with RIDE COMMAND+, allowing for vehicle health monitoring and more.
The 2024 RANGER XD 1500 lineup is expected to begin shipping to dealers in late summer. To learn more about the 2024 RANGER family, please visit https://ranger.polaris.com/en-us/ or join the conversation and follow on Facebooksm, Instagramsm, YouTubesm and Twittersm.
About Polaris
As the global leader in powersports, Polaris Inc. (NYSE: PII) pioneers product breakthroughs and enriching experiences and services that have invited people to discover the joy of being outdoors since our founding in 1954. Polaris' high-quality product line-up includes the Polaris RANGER®, RZR® and Polaris GENERAL™ side-by-side off-road vehicles; Sportsman® all-terrain off-road vehicles; military and commercial off-road vehicles; snowmobiles; Indian Motorcycle® mid-size and heavyweight motorcycles; Slingshot® moto-roadsters; Aixam quadricycles; Goupil electric vehicles; and pontoon and deck boats, including industry-leading Bennington pontoons. Polaris enhances the riding experience with a robust portfolio of parts, garments, and accessories. Proudly headquartered in Minnesota, Polaris serves more than 100 countries across the globe. www.polaris.com
Warning: vehicle rollaway can cause serious injury or death. This vehicle can roll whenever the gear selector is not in the park position. Always shift to park when stopping the engine or leaving the vehicle. When leaving the vehicle on an incline is unavoidable, use extra care. If leaving the vehicle unattended, block the rear wheels on the downhill side and keep children, pets, and others away form the gear selector. Notice: Vehicle payload and trailer weight will affect the angle of hill on which the vehicle will hold.
Kenda® is a registered trademark of Kenda Rubber Industrial Co, Ltd.
Bluetooth® is a registered trademark of Bluetooth Sig, Inc.
JBL® is a registered trademark of Harman International Industries, Incorporated
Rhino-Rack® is a registered trademark of Rhino Rack Australia Pty Limited
Unless noted, trademarks are the property of Polaris Industries Inc.
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SOURCE Polaris Inc. | https://www.cleveland19.com/prnewswire/2023/07/31/polaris-expands-its-ranger-lineup-with-all-new-ranger-xd-1500-an-entirely-new-class-extreme-duty-utility-side-by-sides/ | 2023-07-31T12:18:40 | 0 | https://www.cleveland19.com/prnewswire/2023/07/31/polaris-expands-its-ranger-lineup-with-all-new-ranger-xd-1500-an-entirely-new-class-extreme-duty-utility-side-by-sides/ |
Leading Fertility Clinic Network Extends Offering of TMRW's Automated Platform for the Safe Management & Storage of Frozen Eggs & Embryos to More Clinics Across the United States
NEW YORK, July 31, 2023 /PRNewswire/ -- Ivy Fertility, a globally-recognized innovator in advanced reproductive technology, in-vitro fertilization (IVF), and third-party reproduction, announced today that it will expand its partnership with TMRW Life Sciences, a fertility technology company. TMRW is automating the IVF lab with the world's first and only automated platform for the safe management and storage of frozen eggs and embryos – a process that since the dawn of the industry has been run completely manually. TMRW's technology is currently available at two Ivy Network clinics. With this expanded partnership, TMRW's on-site and off-site specimen management platform will be available for full adoption at all of Ivy Fertility's 13 clinics across the United States.
Ivy Fertility's San Diego Fertility Center was one of the first clinics in the United States to adopt TMRW's platform and Utah Fertility Center went live this month. TMRW's platform reduces potential points of failure by 94% compared with manual systems, providing new levels of safety, efficiency and transparency for Ivy Fertility's clinics. The partnership demonstrates Ivy Fertility's continued commitment to delivering personalized fertility services using advanced technology by making state-of-the-art solutions available to all of their clinics.
"Providing enhanced security and peace of mind to our patients is one of our core values," said Lisa Van Dolah, Ivy Fertility's CEO. "With our TMRW partnership, we're able to offer patients and our practice even greater security and that is paramount as we continue to grow."
The network's clinicians will now have the opportunity to modernize their specimen management and storage practices with TMRW's digital tools onsite and, in addition, by transferring patient specimens offsite to and from TMRW Cryobanks. The technology upgrade provides clinics with new levels of safety, standardization and scalability, and it helps reduce the risk of specimen mix-up, error, and loss.
"After years of working together with San Diego Fertility Center, and more recently with Utah Fertility Center, we're thrilled to expand our partnership to support the potential for full adoption of both on-site and off-site specimen management across the Ivy Fertility network," said Louis Villalba, CEO of TMRW.
TMRW is now the storage platform used by clinics that see nearly 20% of all patients in the United States. The future of fertility is automated and, together with its clinic partners, TMRW is rapidly becoming the standard of care.
About Ivy Fertility
Ivy Fertility is globally recognized as pioneers and innovators in the field of advanced reproductive technologies, in vitro fertilization, third-party reproduction, andrology, and fertility research. The Ivy Fertility network includes Virginia Fertility & IVF, Fertility Associates of Memphis, Fertility Centers of Orange County, IVF Fertility Center, Los Angeles Reproductive Center, Nevada Center for Reproductive Medicine, Nevada Fertility Center, Pacific Northwest Fertility, Reproductive Partners Medical Group, San Diego Fertility Center, and Utah Fertility Center. By developing new procedures, achieving scientific breakthroughs, and teaching the latest techniques, Ivy Fertility upholds its commitment to successful outcomes. It continually contributes to the development of the entire fertility community. The Ivy team is passionate about its family-building mission and works tirelessly each day to help patients become parents.
For more information, visit ivyfertility.com.
TMRW Life Sciences
Founded in 2018, TMRW Life Sciences, Inc., is a fertility technology company that automates the management and storage of frozen eggs and embryos. For the first time, frozen specimens can be digitally identified and tracked, safely managed with automated robotics, and remotely monitored around the clock. TMRW's next-generation technology platforms set a new standard of care, reducing potential points of failure by 94% compared to manual systems. TMRW delivers peace of mind by helping reduce the risk of specimen mix-up, damage, or loss. Named Fast Company's #1 Most Innovative Biotech company in 2022, TMRW has been adopted by leading clinics across the United States and will soon be available in the UK and Europe.
For more information, visit tmrwlifesciences.com.
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SOURCE TMRW Life Sciences | https://www.wcjb.com/prnewswire/2023/07/31/ivy-fertility-network-expands-partnership-with-tmrw-life-sciences-demand-grows-fertility-clinic-lab-automation/ | 2023-07-31T12:18:43 | 1 | https://www.wcjb.com/prnewswire/2023/07/31/ivy-fertility-network-expands-partnership-with-tmrw-life-sciences-demand-grows-fertility-clinic-lab-automation/ |
(NEXSTAR) — For five days this year, all national parks will be offering free admission to all visitors. One of those special days is nearly upon us.
The National Park Service announced the 2023 free days late last year. There are more than 400 parks, monuments, seashores and other NPS lands, the majority of which do not require an entrance fee. For the roughly 100 that do, these free admission days open the gates to everyone.
We’ve already had two free days this year: Jan. 16, which is Martin Luther King Day, and April 22, which was the first day of National Park Week.
Now, on Friday, Aug. 4, we’ll have another, which marks the anniversary of the Great Americans Outdoors Act.
The act, GAOA, was signed in 2020 and brought bipartisan investments to “improve visitor experiences, bolster climate resilience, and invest in the economy by creating good-paying jobs” at the parks, the Department of the Interior explains.
In honor of the bill signing anniversary, you won’t need to pay entrance fees at parks that usually require them. Fees will, however, still be necessary for overnight camping, cabin rentals, transportation, group day use and use of special areas.
The next two free admission days are Sept. 23, National Public Lands Day, and Nov. 11, Veterans Day.
Last year, there were roughly 312 million recreational visits to 395 national parks that track attendance, a 15 million increase over 2021. The most visited park was Blue Ridge Parkway, which received 15.7 million visits last year, edging out the Golden Gate National Recreation Area by slightly more than 72,000 visits. | https://www.ksn.com/news/national-world/you-can-get-into-the-national-parks-for-free-this-week-heres-when/ | 2023-07-31T12:18:46 | 0 | https://www.ksn.com/news/national-world/you-can-get-into-the-national-parks-for-free-this-week-heres-when/ |
Highlights Include the Return of Polaris Sportsman 570 and XP 1000 Hunt Editions, Along with a Host of
Aesthetic and Performance Upgrades Across the Lineup
MINNEAPOLIS, July 31, 2023 /PRNewswire/ -- On the heels of debuting its innovative Polaris XPEDITION and the all new Extreme Duty RANGER XD 1500, Polaris Off Road today unveiled updates for 2024 to the off-road industry's most expansive lineup. The 2024 lineup features a host of rider-inspired updates and refreshed styling and new colors. Additionally, the customer-favorite Polaris Sportsman 570 and XP 1000 Hunt editions make a return, and a Premium trim offering is now available on the 2024 GENERAL 1000 to provide customers with an upgrade in style and performance. RIDE COMMAND+ also received enhanced features for 2024, delivering unmatched connectivity and peace of mind to riders through all-new Location Bump Alerts and Check-In Messages.
"From the completely redesigned 2024 RZR XP and the industry's first "adventure side-by-side" Polaris XPEDITION, to our introduction of the all-new RANGER XD 1500, this year has been a powerful showcase of our ongoing commitment to lead the industry and innovate for our riders," said Steve Menneto, President of Polaris Off Road. "While those revolutionary product debuts are pivotal, our unwavering focus on refining and enhancing our current offerings based on customer needs and feedback remains essential, and that's what the 2024 updates represent."
From fresh new styles and colorways, to improved trim levels that appeal to a wide variety of riders, the Polaris Off Road 2024 model year lineup and RIDE COMMAND+ technology enhancements include the following:
RIDE COMMAND+:
Making its debut last fall, RIDE COMMAND+, the industry's first connected-vehicle technology, continues to roll out new enhancements to its service for 2024. With new features like Location Alerts, that will notify the owner if its vehicle has been bumped or moved from its last location, owners can now protect their vehicle more than ever before. RIDE COMMAND+ is now available as a factory option for 2024 RZR Pro R Ultimate, RANGER XD 1500 NorthStar, RANGER XP 1000 NorthStar, Polaris XPEDITION NorthStar and Sportsman XP 1000 RIDE COMMAND Edition. This service is also available on most 2024 RZR, RANGER, Sportsman and Polaris XPEDITION models as an accessory install.
Sportsman
Polaris Sportsman, the long-standing No. 1 selling automatic 4x4 ATV, is reintroducing the Sportsman 570 and XP 1000 Hunt Editions, while also implementing key improvements across the core 2024 lineup. A customer favorite, specifically designed to meet the unique needs of hunters, the Sportsman 570 and XP 1000 Hunt editions include accessories such as the 3,500 lb Polaris Winch, Kolpin Gun Scabbard & Mount, Kolpin Ratchet Claws and more.
Additionally, the 2024 Sportsman 450 and 570 lineup boasts several quality refinements for a better riding experience including a new rear brake pedal for reduced pedal effort and feel, improved sealing around the shifter, and enhanced seat fitment delivering a more comfortable ride. The 570 EPS trim and above will also include enhanced PVT clutch sealing with a higher intake location for better performance in wet conditions.
For added utility, the model year 2024 Sportsman 570 lineup will be equipped with new LED lights for the Premium and Utility HD for added visibility from dawn to dusk.
New color options also are available for the 570 Premium and Trail, 570 Ride Command Edition, Sportsman 850 Premium and Ultimate Trail, Sportsman XP 1000 Ultimate Trail, Sportsman XP 1000 High Lifter Edition, Scrambler XP 1000 S and Sportsman XP 1000 S.
The 2024 Sportsman lineup starts at $6,999 US MSRP and will begin shipping to dealers this early fall. For additional pricing on the entire model lineup, visit https://www.polaris.com/en-us/off-road/sportsman/
GENERAL
Polaris GENERAL is the industry's most versatile crossover side-by-side, capable of tackling tough trails, while also knocking out tasks around the property. For 2024, the GENERAL 1000 receives a new Premium trim offering that provides both style and performance enhancements. Featuring 14" wheels with 27" Coronado tires, and FOX® Podium QS3® shocks that riders can adjust between soft, medium and firm based on terrain changes, the new Premium trim will deliver a smooth ride over rugged terrain, while LED headlights provide greater visibility at morning and night. These upgrades will help riders knock out more tasks and hit the trails confidently in the GENERAL 1000.
Additionally, new colorways on the GENERAL 1000 model include Ghost Gray and Volcanic Orange. The Premium and Ultimate trim levels for the GENERAL XP will feature new colors and graphics in Matte Silver Quartz and Polaris Blue.
The 2024 GENERAL lineup starts at $17,499 US MSRP and will begin shipping to dealers this summer. For additional pricing on the entire model lineup, visit https://www.polaris.com/en-us/off-road/general/
RZR
Polaris RZR, the No. 1 sport side-by-side brand, receives fresh new colors and graphics across its lineup, helping riders make a bold statement when hitting the trails. The 2024 RZR Trail and RZR Trail S are now available in Storm Blue on the Sport trim and two-tone Storm Blue with White Lightning on the Ultimate. Both Sport and Ultimate trim levels now receive the same upgraded steering wheel offered in the fully-redesigned 2024 RZR XP that provides a sportier feel while driving on trails. New for 2024, the RZR Trail and Trail S Sport level feature electric power steering and LED headlights standard, providing riders easier steering input on tight trail corners and enhanced visibility. Additionally for 2024, the RZR Trail S Ultimate trim now features Walker Evans Racing® shocks, while the Sport trim moved to ZF Sachs shocks, both offering riders plush suspension performance against the rugged terrain.
For 2024, the RZR Pro XP Sport and Premium models feature Walker Evans Racing® shocks, while the Ultimate will continue to be equipped with FOX® Live Valve shocks with DYNAMIX active suspension. Both the Premium and Ultimate trim received a refresh with new graphics on the Super Graphite colorway.
Lastly and by consumer demand, the Wide Open lineup of RZR Pro R and RZR Turbo R receives refreshed color options for 2024. For the first time since launching, the RZR Pro R Ultimate is available in an all-new Matte Onyx Black with Lifted Lime accents or Matte Heavy Metal, while the Premium trim level is offered in Matte Heavy Metal. The 2024 RZR Turbo R also welcomes vibrant new colors like Velocity Blue with Green Burst accents and Military Tan with Orange Burst accents.
The 2024 RZR lineup starts at $15,999 US MSRP and will begin shipping to dealers this fall. For additional pricing on the entire model lineup, visit https://www.polaris.com/en-us/off-road/rzr/
RANGER
In addition to the newly launched Extreme Duty RANGER XD 1500, the Polaris RANGER lineup receives a variety of rider-inspired upgrades and quality refinements for 2024. RANGER SP 570 gets new color options, while the NorthStar Edition gets exclusive tailgate badging and new 25" 8-ply Pro Armor X-Terrain tires for added durability and enhanced puncture resistance.
Additionally, Polaris expands the color options for the RANGER 1000 Premium which will now be offered in the sleek Granite Grey color and graphics, while the XP 1000 will be featured in two new options: Desert Sand and Super Graphite with orange burst accents. Furthermore, the RANGER XP 1000 NorthStar Ultimate model boasts connectivity features such as vehicle health, issue diagnostics, and maintenance reminders enabled by RIDE COMMAND+.
The 2024 RANGER lineup starts at $11,699 US MSRP and will begin shipping to dealers this fall. For additional pricing on the entire model lineup, visit https://www.polaris.com/en-us/off-road/ranger/
Youth
Dedicated to inspiring the next generation of riders, Polaris Off Road delivers the industry's largest and most varied lineup of youth offerings. For 2024, the Polaris ORV Youth lineup receives a refresh with eye-catching new colors and graphics. This lineup continues to provide industry-leading safety features that give parents peace of mind and help instill confidence in growing riders, including pin code start, adjustable speed limiter, geofencing, helmet aware technology and industry-exclusive safety gear kit.
Specifically, the 2024 RZR 200 EFI is now offered in Storm Gray and a new graphic pattern with bright red accents. The Outlaw 70 EFI ATV is offered in Velocity Blue with either Lifted Lime or Fierce Fuchsia accents, while the Outlaw 110 EFI is now offered in both Bright White with Polaris Blue and Bright White with Radiant Green details.
The 2024 Polaris Youth lineup starts at $2,999 US MSRP and will begin shipping to dealers this winter. For additional pricing on the entire model lineup, visit https://www.polaris.com/en-us/off-road/shop-by-use/youth/
Polaris XPEDITION
The Polaris XPEDITION, which recently launched in May 2023, is the first-of-its-kind adventure side-by-side, combining the all-terrain capabilities of traditional side-by-sides with comfort and cargo capabilities typically associated with overlanding at the highest level. With a host of standard features and optional configurations to accommodate the greatest range of outdoor pursuits and enable consumers to keep chasing the wild, the 2024 Polaris XPEDITION XP and ADV are the most adaptable, comfortable and capable adventure machine on the market.
The 2024 Polaris XPEDITION lineup starts at $28,999 US MSRP and is currently shipping to dealers. For additional pricing on the entire model lineup, visit https://www.polaris.com/en-us/off-road/polaris-xpedition/
To learn more about the Polaris ORV 2024 lineup and to stay up to date on testing and demo opportunities, please visit https://offroad.polaris.com/en-us/ or join the conversation and follow on FacebookSM, InstagramSM, YouTubeSM and TwitterSM. Walker Evans Racing® is a registered trademark of Walker Evans Enterprises Incorporated; FOX® is a registered trademark of Fox Factory Inc.
About Polaris
As the global leader in powersports, Polaris Inc. (NYSE: PII) pioneers product breakthroughs and enriching experiences and services that have invited people to discover the joy of being outdoors since our founding in 1954. Polaris' high-quality product line-up includes the Polaris RANGER®, RZR® and Polaris GENERAL™ side-by-side off-road vehicles; Sportsman® all-terrain off-road vehicles; military and commercial off-road vehicles; snowmobiles; Indian Motorcycle® mid-size and heavyweight motorcycles; Slingshot® moto-roadsters; Aixam quadricycles; Goupil electric vehicles; and pontoon and deck boats, including industry-leading Bennington pontoons. Polaris enhances the riding experience with a robust portfolio of parts, garments, and accessories. Proudly headquartered in Minnesota, Polaris serves more than 100 countries across the globe. www.polaris.com
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SOURCE Polaris Inc. | https://www.cleveland19.com/prnewswire/2023/07/31/polaris-off-road-stays-gas-with-2024-lineup-featuring-rider-inspired-updates-amp-refreshed-styles-its-industry-leading-range-side-by-sides-atvs/ | 2023-07-31T12:18:47 | 0 | https://www.cleveland19.com/prnewswire/2023/07/31/polaris-off-road-stays-gas-with-2024-lineup-featuring-rider-inspired-updates-amp-refreshed-styles-its-industry-leading-range-side-by-sides-atvs/ |
IXL's teaching and learning platform will be used district wide to close knowledge gaps, improve academic achievement and provide equitable educational experiences
LEXINGTON, Ky., July 31, 2023 /PRNewswire/ -- IXL, the personalized learning platform used by more than 14 million students, has announced a new partnership with Fayette County Public Schools (FCPS) in Kentucky. As part of the collaboration, the state's second-largest K-12 school system will now use IXL's award-winning platform district-wide to boost academic achievement in math, English language arts, science, social studies and Spanish. IXL is used by nearly 40 percent of all K-12 students in Kentucky, accounting for more than 283,000 learners.
Fayette County Public Schools strives to provide a world-class education
and positive learning environment to more than 40,000 students from the Lexington area. FCPS began using IXL to support its special education and English language learner communities, and recently expanded its implementation district-wide after successfully piloting the platform.
The district highly values IXL Analytics because it provides educators with data that allows them to track student achievement across schools and identify any gaps in knowledge. This information can then be used to quickly intervene and provide students with the support they need to succeed.
FCPS also appreciates IXL's comprehensive curriculum and instructional resources because they give educators the flexibility to create personalized learning pathways for students. These pathways allow students to learn at their own pace and in their own way, which helps them grow independently. Additionally, IXL provides FCPS with custom math skill plans that are aligned to the district's scope and sequence, as well as test preparation for Kentucky's Summative Assessment. These plans reinforce standards-aligned instruction, which helps students master the concepts they need to know to succeed.
"IXL is an immersive learning tool that helps students master content at school, on-the-go and at home. Insights provided by IXL help teachers track growth and target recommendations for next steps, and research shows that students who use IXL perform better on state assessments," said Brooke Stinson, Director of Assessment, Fayette County Public Schools. "We are excited for this partnership and to provide this resource for all of our students."
"We are delighted to continue our partnership with Fayette County Public Schools. By using IXL's platform district-wide, educators will be able to more effectively track student progress, close achievement gaps and empower all students to reach their full potential," said Paul Mishkin, CEO of IXL Learning. "We are proud to be an important resource to our partners, and we look forward to working with FCPS' team so that all of its learners have even more opportunities to succeed."
Recover learning and boost achievement with IXL's award-winning platform
IXL gives school districts everything that they need to make a bigger positive impact on learning. The all-inclusive platform provides thousands of curriculum and instructional resources, actionable analytics and a state-of-the-art assessment suite. In addition to helping schools and students succeed academically, IXL can even uncover hidden obstacles to learning, develop students' intrinsic motivation to learn and more.
IXL's state-of-the-art assessment suite
IXL's assessment suite works in concert with its curriculum to give educators and students real-time insight into performance, pinpoint gaps in knowledge and provide specific next steps that help recover learning. IXL's adaptive assessment, the Real-Time Diagnostic, accurately measures students' grade-level proficiency and growth in key math and ELA strands, helping educators understand exactly what learners know and what they can do to improve. Additionally, IXL's universal screener flags at-risk students in as little as 20 minutes to help educators plan district-wide math interventions.
Comprehensive curriculum for deeper learning
Teachers use IXL's comprehensive curriculum to provide students with tailored support and ensure that they master essential concepts. More than 10,000 rigorous, mastery-based skills deeply engage students, build a strong foundation of knowledge and prepare learners for higher-level thinking. Based on students' previous work in the curriculum, IXL generates personalized recommendations in real time that guide learners to the skills that will help them grow the fastest. Additionally, IXL's skill plans simplify lesson planning by providing teachers with skills that match their state standards and textbooks. IXL also provides test preparation skill plans and personalized study plans for the SAT and ACT.
Instructional resources and classroom engagement tools
IXL's built-in instructional resources include nearly 2,400 math and English language arts video tutorials, corrective feedback, educational games for young learners and step-by-step lessons that support students when they're working independently. Classroom engagement tools, like Group Jams and Leaderboards, make classroom learning engaging and create collaborative learning opportunities.
Actionable analytics for districts, schools, classrooms and individual learners
IXL Analytics is an essential daily tool that allows teachers to easily identify trouble spots, monitor performance on skills, deliver data-driven instruction and use limited class time more effectively. Administrators can use IXL District Analytics and IXL School Analytics to track student progress and teacher engagement, enabling them to improve IXL's impact on their school or district.
About Fayette County Public Schools
Fayette County Public Schools serves over 40,000 students from the Lexington metro area, with the goal of providing a world-class education for every child. The mission of Fayette County Public Schools is to create a collaborative community that ensures all students achieve at high levels and graduate prepared to excel in a global society.
About IXL Learning
Currently used by 14 million students and in 95 of the top 100 U.S. school districts, IXL is an all-inclusive educational platform that provides a comprehensive PK-12 curriculum and instructional resources, actionable analytics and a state-of-the-art assessment suite. IXL's end-to-end teaching and learning solution supports personalized instruction in math, English language arts, science, social studies and Spanish. With more than 130 billion questions asked and answered around the world, IXL is helping schools and parents successfully boost student achievement. The IXL Learning family of products also includes Rosetta Stone, TPT, SpanishDictionary.com, inglés.com, Wyzant, Vocabulary.com, ABCya, Education.com and Emmersion. To learn more about IXL, visit www.ixl.com, facebook.com/IXL and twitter.com/IXLLearning.
Press Contact
Eric Bates
IXL Learning
press@ixl.com
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SOURCE IXL Learning | https://www.wcjb.com/prnewswire/2023/07/31/ixl-fayette-county-public-schools-partner-boost-academic-achievement-personalize-learning-all-students/ | 2023-07-31T12:18:49 | 0 | https://www.wcjb.com/prnewswire/2023/07/31/ixl-fayette-county-public-schools-partner-boost-academic-achievement-personalize-learning-all-students/ |
WICHITA, Kan. (KSNW) — Police in Abilene are warning parents that a game played by high schoolers for the last several years has started to turn violent.
A Facebook post by the Abilene Police Department says the game is called “Fugitive” and is similar to hide and seek. It’s played after dark and requires one group of players to reach a location before being located by another group.
The post says the people who play this game commonly run down alleyways and through private property as a way to reach the location. Police also say it’s starting to escalate to violence, including organized fighting.
Police say the fights have resulted in injuries and will likely result in criminal charges for those involved.
Police are asking parents to speak with their kids about the dangers involved in the game. They say while it may appear harmless, the game can have unintended consequences. | https://www.ksn.com/news/state-regional/abilene-police-warn-parents-of-hide-and-seek-style-game/ | 2023-07-31T12:18:52 | 0 | https://www.ksn.com/news/state-regional/abilene-police-warn-parents-of-hide-and-seek-style-game/ |
BUFFALO, N.Y., July 31, 2023 /PRNewswire/ --
UNITED STATES DISTRICT COURT
WESTERN DISTRICT OF NEW YORK
SUMMARY NOTICE OF (I) PENDENCY OF CLASS ACTION, CERTIFICATION OF SETTLEMENT CLASS, AND PROPOSED SETTLEMENT OF CLASS ACTION; (II) SETTLEMENT HEARING; AND (III) MOTION FOR AN AWARD OF
ATTORNEYS' FEES AND REIMBURSEMENT OF LITIGATION EXPENSES
TO: All persons and entities who, during the period from February 18, 2016 through July 31, 2019, inclusive (the "Settlement Class Period"), purchased or otherwise acquired 22nd Century Group, Inc. ("22nd Century") common stock and were allegedly damaged thereby (the "Settlement Class").
PLEASE READ THIS NOTICE CAREFULLY, YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Western District of New York, that the above-captioned litigation (the "Action") has been certified as a class action on behalf of the Settlement Class, except for certain persons and entities who are excluded from the Settlement Class as set forth in the full printed Notice Of (I) Pendency Of Class Action, Certification Of Settlement Class, And Proposed Settlement of Class Action; (II) Settlement Hearing; And (III) Motion For An Award Of Attorneys' Fees And Reimbursement Of Litigation Expenses (the "Notice").
YOU ARE ALSO NOTIFIED that Lead Plaintiffs in the Action have reached a proposed settlement of the Action for $3,000,000.00 in cash (the "Settlement"), that, if approved, will resolve all claims in the Action.
This Summary Notice relates to the proposed Settlement of claims in a pending securities class action lawsuit brought by investors alleging, among other things, that Defendants 22nd Century, Henry Sicignano, III, and John T. Brodfuehrer (collectively, the "Defendants") violated the federal securities laws by making alleged misrepresentations or omissions regarding certain alleged stock promotion articles and Defendants' alleged failure to disclose an investigation by the Securities and Exchange Commission ("SEC") into a material weakness in 22nd Century's internal controls, which Defendants deny.
A hearing will be held on October 3, 2023 at 11:00 a.m., before the Honorable Michael J. Roemer, United States Magistrate Judge, at the United States District Court for the Western District of New York, Robert H. Jackson United States Courthouse, 2 Niagara Square, Buffalo, New York 14202, or by telephonic, video conferencing or other electronic means, as posted on the website of the Claims Administrator. The hearing will determine (i) whether the proposed Settlement should be approved as fair, reasonable, and adequate; (ii) whether the Action should be dismissed with prejudice against Defendants, and the Releases specified and described in the Stipulation And Agreement Of Settlement (and in the Notice) should be granted; (iii) whether the proposed Plan of Allocation should be approved as fair and reasonable; (iv) whether Lead Counsel's application for an award of attorneys' fees and reimbursement of Litigation Expenses should be approved, and (v) whether to award Lead Plaintiff for reimbursement of Lead Plaintiffs' time and expenses out of the Settlement Fund and pursuant to 15 U.S.C. §78u-4(a)(4) in connection with their representation of the Settlement Class and, if so, in what amount.
If you are a member of the Settlement Class, your rights will be affected by the pending Action and the Settlement, and you may be entitled to share in the Settlement Fund. If you have not yet received the Notice and Claim Form, you may obtain copies of these documents by contacting the Claims Administrator at 22nd Century Securities Litigation, c/o Epiq, P.O. Box 3839, Portland, OR 97208-3839. Copies of the Notice and Claim Form can also be downloaded from the website maintained by the Claims Administrator, www.22ndCenturySecuritiesLitigation.com.
If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment under the proposed Settlement, you must submit a Claim Form either online at the Settlement website, www.22ndCenturySecuritiesLitigation.com, by October 10, 2023, or by first class postage prepaid U.S. mail postmarked no later than October 10, 2023. If you are a Settlement Class Member and do not timely submit a proper Claim Form, you will not be eligible to share in the distribution of the net proceeds of the Settlement but you will nevertheless be bound by any judgments or orders entered by the Court in the Action.
If you are a member of the Settlement Class and wish to exclude yourself from the Settlement Class, you must submit a request for exclusion such that it is received no later than September 12, 2023, in accordance with the instructions set forth in the Notice. If you properly exclude yourself from the Settlement Class, you will not be bound by any judgments or orders entered by the Court in the Action and you will not be eligible to share in the proceeds of the Settlement.
Any objections to the proposed Settlement, the proposed Plan of Allocation, or Lead Counsel's motion for attorneys' fees and reimbursement of expenses, must be filed with the Court and delivered to representatives of Lead Counsel and Defendants' counsel such that they are received no later than September 12, 2023, in accordance with the instructions set forth in the Notice.
Please do not contact the Court, the Clerk's office, 22nd Century, or Defendants' counsel regarding this notice. All questions about this notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to Lead Counsel or the Claims Administrator.
Requests for the Notice and Claim Form should be made to:
22nd Century Securities Litigation
c/o Epiq
P.O. Box 3839
Portland, OR 97208-3839
Inquiries, other than requests for the Notice and Claim Form, should be made to Lead Counsel:
POMERANTZ LLP
Jeremy A. Lieberman
Brian Calandra
600 Third Avenue, 20th Floor
New York, NY 10016
jalieberman@pomlaw.com
bcalandra@pomlaw.com
Dated: August 7, 2023
By Order of the Court
United States District Court
Western District of New York
URL: www.22ndCenturySecuritiesLitigation.com
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SOURCE Pomerantz LLP | https://www.cleveland19.com/prnewswire/2023/07/31/pomerantz-llp-announces-pendency-class-action-proposed-settlement-involving-purchasers-22nd-century-group-inc-common-stock/ | 2023-07-31T12:18:53 | 1 | https://www.cleveland19.com/prnewswire/2023/07/31/pomerantz-llp-announces-pendency-class-action-proposed-settlement-involving-purchasers-22nd-century-group-inc-common-stock/ |
Initial agreement to include 10 battery-electric and three hydrogen fuel cell electric Class 8 trucks
PHOENIX and LOWELL, Ark., July 31, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, and J.B. Hunt Transport Services Inc. (Nasdaq: JBHT), one of the largest supply chain solutions providers in North America, today announced an agreement in which subsidiary J.B. Hunt Transport Inc. will purchase 13 Nikola zero-emission Class 8 trucks as the transportation company focuses on its sustainability efforts and reducing the intensity of its carbon emissions.
"It's important for us to be at the forefront of new technologies and innovative solutions that have the potential to change the way we move freight," said Nick Hobbs, chief operating officer and president of contract services at J.B. Hunt. "These zero-emission trucks from Nikola advance our progress towards achieving our ambitious goal to reduce carbon emission intensity through viable solutions."
The initial truck order will include 10 battery-electric and three hydrogen fuel cell electric vehicles, with delivery of the first vehicles expected in August 2023. These trucks will be strategically located at facilities servicing J.B. Hunt's key routes, including in the greater Los Angeles and Phoenix areas. Nikola's hydrogen arm, HYLA, will supply the hydrogen and fueling infrastructure.
"We are thrilled that the industry leader for supply-chain solutions has chosen our Nikola Class 8 battery-electric and hydrogen fuel cell electric trucks to use for their operations," said Nikola CEO Michael Lohscheller. "Their purchase and use of these zero-emissions trucks are a testament to the hard work of our engineering, development and manufacturing teams, who created a robust, highly advanced truck lineup, as well as our HYLA hydrogen infrastructure solutions, which are designed to benefit companies such as J.B. Hunt."
J.B. Hunt is committed to helping drive the industry toward a low-carbon future and reducing its environmental impact. In November 2022, the company set an ambitious goal to reduce carbon emission intensity 32% by 2034 (with a 2019 baseline). Incorporating alternative powered equipment into its fleet is one of three key focus areas in reaching the goal.
J.B. Hunt continually evaluates opportunities to utilize emerging technologies in exhaust-free vehicles. In the fourth quarter of 2022, the company took delivery of its first company-owned Class 8 electric vehicle. In 2017, J.B. Hunt was one of the first companies to place an order for an all-electric heavy-duty Class 8 truck and began incorporating electric vehicles into operations in 2023. In addition to electric vehicles, J.B. Hunt is helping reduce carbon emissions through intermodal conversion. Over the past decade, J.B. Hunt's intermodal service has helped avoid an estimated 30 million metric tons of CO2e emissions from over-the-road truck transportation.
ABOUT NIKOLA CORPORATION
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, via the HYLA brand, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com , Facebook @nikolamotorcompany, Instagram @nikolamotorcompany, YouTube @nikolamotorcompany, LinkedIn @nikolamotorcompany or Twitter @nikolamotor.
ABOUT J.B. HUNT
J.B. Hunt Transport Services Inc. is on a mission to create the most efficient transportation network in North America. The company's industry-leading solutions and mode-neutral approach generate value for customers by eliminating waste, reducing costs and enhancing supply chain visibility. Powered by one of the largest company-owned fleets in the country with more than 162,000 pieces of trailing equipment and nearly one million accessible trucks through its J.B. Hunt 360°® digital freight marketplace, J.B. Hunt can meet the unique shipping needs of any business, from first mile to final delivery, and every shipment in-between. Through disciplined investments in its people, technology and capacity, J.B. Hunt is delivering exceptional value and service that enable long-term growth for the company and its stakeholders.
J.B. Hunt Transport Services Inc. is a Fortune 500 company, an S&P 500 company and a component of the Dow Jones Transportation Average. Its stock trades on NASDAQ under the ticker symbol JBHT. J.B. Hunt Transport Inc. is a wholly owned subsidiary of JBHT. The company's services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, transload and more. For more information, visit www.jbhunt.com.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Nikola Corporation (Nikola"), including statements relating to the truck order, expected delivery timing and expected benefits of Nikola's zero-emissions trucks; Nikola's expectations regarding the production of hydrogen fuel cell electric trucks; and Nikola's ability to provide sufficient volumes of hydrogen to support hydrogen fuel cell electric vehicle demand. These forward-looking statements generally are identified by words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: design and manufacturing changes and delays, including global shortages in parts and materials; general economic, financial, legal, regulatory, political and business conditions and changes in domestic and foreign markets; demand for and customer acceptance of Nikola's trucks; the terms of the agreement; the risk of cancellation of orders; risks associated with development and testing of fuel-cell power modules and hydrogen storage systems; risks related to the rollout of Nikola's business and milestones and the timing of expected business milestones; Nikola's availability of and need for capital; and the factors, risks and uncertainties regarding Nikola's business described in the "Risk Factors" section of Nikola's quarterly report on Form 10-Q for the quarter ended March 31, 2023 filed with the SEC, in addition to Nikola's subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, Nikola assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
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SOURCE Nikola Corporation | https://www.wcjb.com/prnewswire/2023/07/31/jb-hunt-purchase-13-zero-emission-nikola-trucks/ | 2023-07-31T12:18:55 | 1 | https://www.wcjb.com/prnewswire/2023/07/31/jb-hunt-purchase-13-zero-emission-nikola-trucks/ |
FAYETTEVILLE, Ark. (KNWA/KFTA) — A federal judge has blocked Arkansas’ new book censorship law from taking effect, according to court documents from the Western District of Arkansas.
United States District Judge Timothy Brooks granted a preliminary injunction after oral arguments took place earlier this week from the plaintiffs of the lawsuit.
This ruling means Act 372 will not go into effect on August 1 as originally planned.
Act 372 would have banned libraries from distributing materials that have been deemed “obscene” to kids.
The law is not struck down completely by the judge’s ruling but it does mean it will not go into effect until lawmakers determine its constitutionality.
The Fayetteville Public Library was one of the plaintiffs in the lawsuit, along with the Central Arkansas Library System, and the Eureka Springs Carnegie Library.
ACLU of Arkansas Executive Director Holly Dickson responded to the lawsuit saying, “We commend the court’s decision to stop the enforcement of Sections 3 and 5 of Act 372, which would have jeopardized the essential First Amendment rights of all residents of Arkansas. It’s regrettable that we even have to question whether our constitutional rights are still respected today. The question we had to ask was — do Arkansans still legally have access to reading materials? Luckily, the judicial system has once again defended our highly valued liberties. We are committed to maintaining the fight to safeguard everyone’s right to access information and ideas.” | https://www.ksn.com/news/state-regional/federal-judge-blocks-act-372-from-taking-effect/ | 2023-07-31T12:18:58 | 1 | https://www.ksn.com/news/state-regional/federal-judge-blocks-act-372-from-taking-effect/ |
New Zillow survey finds 80% of mortgage holders report having a rate of less than 5%
SEATTLE, July 31, 2023 /PRNewswire/ -- A new Zillow® survey has identified the mortgage rate tipping point that makes homeowners more likely to move, which is key in unlocking the housing market and slowing price growth. Homeowners with a mortgage rate above 5% are nearly twice as likely to say that they plan to sell their home than those paying a rate below 5%.
Zillow's survey finds that about 80% of mortgage holders reported having a rate of less than 5%, and about 90% have a rate of less than 6%. Almost one-third reported a rate of less than 3%.
As today's mortgage rates near 7%, a vast majority of homeowners would need to finance a new home at a higher rate than the rate they currently hold, adding hundreds of dollars a month to their mortgage payment and creating an incentive to hold on to their home rather than move. This helps explain why Zillow data finds that 28% fewer new for-sale listings hit the market in June than a year ago.
"We expect mortgage rates may notch down slightly as inflation comes under control, but they are unlikely to return to 5% in the near future," said Orphe Divounguy, a senior economist at Zillow Home Loans. "That means many homeowners will move only for major life events, like a new baby or retirement. Over time, homeowners will likely accept higher rates as the new normal, but until then, the market could remain challenging for home shoppers, who will see fewer options and higher prices."
There is reason to be optimistic that more homes could hit the market in the next few years. Zillow's survey finds that nearly one-quarter of homeowners are considering selling their home in the next three years or currently have their home listed for sale (23%), which is significantly higher than the 15% of homeowners who said the same one year ago. The share is even greater among mortgage holders who have a rate above 5%. Nearly 40% of those homeowners say they would consider selling their home in the next three years (38%).
In the meantime, the shortage of for-sale homes is pushing up prices. Zillow's latest monthly market report finds that home values hit a record high in June, topping $350,000 for the first time nationally. Home values climbed in all of the 50 largest metro areas for a second month in a row.
Higher prices are compounding affordability challenges for buyers who are also facing today's higher mortgage interest rates. A typical monthly mortgage payment is more than twice as much as it was in 2020 and 13% higher than a year ago.
While these challenges have tempered demand, buyers are persisting and getting creative to achieve homeownership. A recent survey from Zillow Home Loans finds that nearly half of all buyers are buying points to lower their interest rate and reduce their monthly mortgage payment (45%). Mortgage points give buyers an option to pay an upfront fee to buy down the interest rate on a loan. Buyers are also making compromises on their wish lists and competing for smaller, more affordable homes.
There are tools to help buyers better understand what they can afford and to make homeownership more attainable. Buyers can find out if they're eligible for down payment assistance programs, which are listed on every for-sale home on Zillow. Buyers can also use mortgage and affordability calculators to understand what they can afford on a monthly basis, and then search for homes by monthly cost to land a home they can afford.
About Zillow Group:
Zillow Group, Inc. (NASDAQ: Z and ZG) is reimagining real estate to make home a reality for more and more people. As the most visited real estate website in the United States, Zillow and its affiliates help people find and get the home they want by connecting them with digital solutions, great partners, and easier buying, selling, financing and renting experiences.
Zillow Group's affiliates, subsidiaries and brands include Zillow®; Zillow Premier Agent®; Zillow Home Loans℠; Trulia®; Out East®; StreetEasy®; HotPads®; and ShowingTime+℠, which includes ShowingTime®, Bridge Interactive®, and dotloop®.
All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2023 MFTB Holdco, Inc., a Zillow affiliate.
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SOURCE Zillow Group, Inc. | https://www.cleveland19.com/prnewswire/2023/07/31/rate-lock-tipping-point-homeowners-are-nearly-twice-willing-sell-if-their-mortgage-rate-is-5-or-higher/ | 2023-07-31T12:19:00 | 0 | https://www.cleveland19.com/prnewswire/2023/07/31/rate-lock-tipping-point-homeowners-are-nearly-twice-willing-sell-if-their-mortgage-rate-is-5-or-higher/ |
Juggernaut and Mr. Highman will continue as substantial shareholders of Bobbie. The acquisition positions the combined company as the third largest fully integrated infant and toddler brand in the U.S., creating a more resilient industry for American families
WASHINGTON, July 31, 2023 /PRNewswire/ -- Juggernaut Capital Partners, a leading middle market private equity investor primarily in the consumer and healthcare sectors, is pleased to announce the sale of Nature's One, the pediatric nutrition company founded by Jay Highman which set the bar for quality and innovation in formula over decades. Joining forces with Bobbie Baby, Inc., the nation's fastest growing infant formula company, the combined business will be the first of its kind in pediatric nutrition.
"Nature's One is a true pioneer in the pediatric nutrition space. Juggernaut partnered with founder, Jay Highman, to accelerate product development and vertical integration initiatives. Over the past five years, the company completed the first FDA-approved clinical feeding study of an organic infant formula and designed and constructed the first newly built infant formula facility in the U.S. in 35 years," said John Shulman, Founder and Managing Partner at Juggernaut. "It has been a pleasure to partner with Jay and his team. We believe the combination with Bobbie cements the organization as a continued disruptor and a next-generation industry leader. We are proud to continue as a meaningful shareholder in the go-forward company."
Founded in 1997, Nature's One introduced the first organic baby formula to the U.S. market. Recognized for its dedication to purity and quality, all of the company's formulas have received the Clean Label Project's Purity Award and have tested best in class for purity and nutrition when compared to popular baby formulas sold in the U.S. Nature's One operates the only independent, FDA audited organic infant nutrition facility in the U.S.
Nature's One was advised by CG / Sawaya Partners (operating under Canaccord Genuity) and Morgan Lewis & Bockius LLP. Bobbie was advised by Perella Weinberg Partners LP and Goodwin Procter LLP.
About Juggernaut Capital Partners:
Juggernaut Capital Partners is a leading private equity firm focusing on lower middle market companies, primarily in the consumer and healthcare sectors. Juggernaut is currently investing out of Juggernaut Capital Partners V, L.P. For more information on Juggernaut Capital Partners, please visit www.juggernautcap.com.
About Nature's One:
Founded in 1997, Nature's One introduced the first organic formula, Baby's Only® Organic in the United States. Nature's One has dedicated 25 years to the research, development, and sourcing of pure ingredients. Recognized as the first and highest-ranked formulas for purity and nutritional superiority by the Clean Label Project, Baby's Only Formulas are preferred by parents who want to offer their child a "Better Start…for Life™." Baby's Only Formulas are sold nationally at Whole Foods, Target, Walmart, Sam's Club, and many fine natural food retailers, as well online at www.naturesone.com.
About Bobbie:
Bobbie is the mission-driven organic pediatric nutrition company that exists to build a parenting culture of confidence, not comparison. Founded in 2018, Bobbie hit the market with its flagship European-inspired formula in 2021 as the first direct-to-consumer, subscription-based infant formula in the U.S. Today, it's proud to be the only mom-founded and led infant formula brand in the world, and the fastest-growing in the U.S. since the 1980's. Bobbie is focused on providing purposefully sourced, USDA Organic products made with simple ingredients – crafted right here in America, for American families. For more information, visit www.hibobbie.com.
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SOURCE Juggernaut Capital Partners | https://www.wcjb.com/prnewswire/2023/07/31/juggernaut-capital-partners-natures-one-founder-jay-highman-have-sold-natures-one-bobbie-baby-inc/ | 2023-07-31T12:19:01 | 0 | https://www.wcjb.com/prnewswire/2023/07/31/juggernaut-capital-partners-natures-one-founder-jay-highman-have-sold-natures-one-bobbie-baby-inc/ |
SAINT JOSEPH, Mo. — A woman passed away Sunday while attending practice at Chiefs Training Camp in St. Joseph, Missouri.
Mosaic Life Care, a healthcare partner of the Chiefs, identified the woman as Jessica Tangen.
Emergency crews from Mosaic and Buchanan County EMS, as well as staff from Missouri Western State University, provided Tangen with medical care Sunday morning.
Mosaic has not provided any additional details about the cause of Tangen’s death. Tangen’s family described her as a lifelong Chiefs fan. | https://www.ksn.com/news/state-regional/mosaic-identifies-chiefs-fan-who-died-at-training-camp-sunday/ | 2023-07-31T12:19:04 | 0 | https://www.ksn.com/news/state-regional/mosaic-identifies-chiefs-fan-who-died-at-training-camp-sunday/ |
Pitstick brings product, operations, and value-based care expertise to leading behavioral health provider
SARATOGA SPRINGS, N.Y., July 31, 2023 /PRNewswire/ -- aptihealth, the leading tech-driven behavioral healthcare provider built for higher acuity care, today announced that Regina Pitstick has joined the organization as Senior Vice President of aptihealth Medical Group.
Most recently, Pitstick was VP Advocacy Product & Innovation for the Employer and Individual segment at UnitedHealth Group, where she drove the company's product strategy and vision, focused on delivering a seamless, personalized patient experience. Responsible for product development initiatives, Pitstick's leadership and experience fueled successful long-range strategies, broader market penetration and deeper engagement for over 15M consumers.
"Regina brings more than twenty years of extremely relevant experience in the healthcare industry to aptihealth—including a deep skillset in digital health start-ups, product development, operations, process improvement and value-based care," said Tim Koehler, President and Chief Operating Officer of aptihealth. "Regina's patient-centered approach, insightful understanding of the health care landscape, innovate approach, and impeccable ability to execute strategic initiatives will greatly enhance our medical group. She's ideal for this critical role at aptihealth as we continue to pursue our mission of becoming the nation's preeminent provider of behavioral health services."
Pitstick joins aptihealth at a time of significant growth, having served nearly 15,000 patients for leading national and regional health plans. aptihealth expects to more than double its patients in 2023, with a majority covered by value-based care contracts.
"The value that aptihealth is providing to health plans, physicians groups, health systems and higher-acuity patients simply can't be underestimated," indicated Pitstick. "Whether it's the company's commitment to engaging new patients at any point of care, to their proprietary screening and assessment tools, to their proven ability to improve outcomes and decrease the overall cost of care, it's not hyperbole to state that aptihealth is changing the behavioral healthcare game. I'm thrilled to have the opportunity to help aptihealth continue to improve its care model, meet its strategic goals, and intelligently achieve its considerable opportunities for growth."
About aptihealth
aptihealth is improving higher acuity behavioral healthcare for populations who need it most—one patient at a time. The company's virtual-first model and proprietary screening, assessment, and treatment programs give members fast, convenient access to precise, personalized care. Headquartered in Saratoga Springs and employing over 150, aptihealth has raised over $70 million in funding from leading international private equity firms. The company's care program and data insights are driving breakthroughs in mental health understanding, treatment, outcomes, and cost reduction. Learn more at: www.aptihealth.com.
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SOURCE aptihealth | https://www.cleveland19.com/prnewswire/2023/07/31/regina-pitstick-named-senior-vp-aptihealth-medical-group/ | 2023-07-31T12:19:07 | 0 | https://www.cleveland19.com/prnewswire/2023/07/31/regina-pitstick-named-senior-vp-aptihealth-medical-group/ |
BURLINGTON, N.C., July 31, 2023 /PRNewswire/ -- Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services, today announced it will host an Investor Day on Thursday, September 14, 2023, in New York City, beginning at 1:00 p.m. ET and is expected to conclude by approximately 4:00 p.m. ET.
This event will highlight Labcorp's go-forward strategy from Labcorp Chairman & CEO Adam Schechter, followed by business overviews and a longer-term financial outlook. Presentations will be followed by a Q&A session.
A live webcast of the event will be available through the Labcorp Investor Relations website beginning at 1:00 p.m. ET. A replay of the webcast and supporting materials will be available after the conclusion of the event.
About Labcorp
Labcorp (NYSE: LH) is a global leader of innovative and comprehensive laboratory services that helps doctors, hospitals, pharmaceutical companies, researchers and patients make clear and confident decisions. We provide insights and advance science to improve health and improve lives through our unparalleled diagnostics and drug development laboratory capabilities. The company's more than 60,000 employees serve clients in over 100 countries, worked on over 80% of the new drugs approved by the FDA in 2022 and performed more than 600 million tests for patients around the world. Learn more about us at www.Labcorp.com or follow us on LinkedIn and Twitter @Labcorp.
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SOURCE Labcorp | https://www.wcjb.com/prnewswire/2023/07/31/labcorp-host-investor-day-september-14-2023/ | 2023-07-31T12:19:08 | 1 | https://www.wcjb.com/prnewswire/2023/07/31/labcorp-host-investor-day-september-14-2023/ |
The heat and humidity will not be going anywhere as we start the new week. High temperatures return to the 90s and triple digits this afternoon.
Excessive Heat Warnings are in effect for the Wichita Metro today and tomorrow. Hot temperatures and the humidity will make it feel miserable and oppressive.
Heat indices will be well over 100. A Heat Advisory will also be in effect through Tuesday.
Showers and storms are nearby and will track to the east and southeast. As they do there is a chance that our northernmost and easternmost counties get skimmed this morning and during the afternoon. However, most of us will stay dry.
After we bake this afternoon there is a chance for a storm to the northwest tonight.
There is a sliver of a Marginal Risk of severe weather to the northwest. A strong to severe storm will be possible but most of us will continue to stay dry.
I would not be surprised to see heat alerts get extended through Wednesday. After that, temperatures will start to come back down.
Most of Tuesday will stay dry until the evening. A few showers and storms will be possible to the west. These will weaken through the night while tracking into Central Kansas.
Rain and thunderstorm chances look better later this week when temperatures dip into the 80s.
KSN Storm Track 3 Forecast from Meteorologist Ronelle Williams:
Wichita:
Today: Mostly sunny to partly cloudy. 10% chance of showers and storms. Hi: 102 Wind: SW 8-18
Tonight: Mostly clear. Lo: 76 Wind: S 5-15
Tomorrow: Mostly sunny, breezy. Hi: 104 Wind: S/SW 10-20
Tomorrow Night: Mostly clear. 10% chance of showers and storms. Lo: 79 Wind: S 8-18
Wichita Weekly
Wed: Hi: 103 Lo: 79 Mostly sunny, windy.
Thu: Hi: 100 Lo: 72 Mostly sunny.
Fri: Hi: 92 Lo: 70 Partly cloudy. 30% chance of showers and storms.
Sat: Hi: 89 Lo: 69 Partly cloudy. 20% chance of showers and storms.
Sun: Hi: 88 Lo: 68 Partly cloudy. 10% chance of showers and storms.
Mon: Hi: 88 Lo: 68 Mostly sunny. | https://www.ksn.com/weather/weather-blog/another-hot-week-ahead-but-relief-is-in-sight/ | 2023-07-31T12:19:10 | 0 | https://www.ksn.com/weather/weather-blog/another-hot-week-ahead-but-relief-is-in-sight/ |
SPICEWOOD, Texas — The first homes are going up for sale at a luxury community being developed at Thomas Ranch, near Spicewood.
Twenty-five lots are for sale at Loraloma, a 2,000-acre luxury community, according to KVUE’s media partners at the Austin American-Statesman.
The homes in the community will include cottages, villas, estates and custom home sites and will range from two to five bedrooms and 2,500 to 10,000 square feet. The lots for three-, four- and five-bedroom floorplans go for a starting price of $1.6 million.
Eventually, 400 homes will make up the development, along with a hotel, golf course, clubhouse, pools, spa and fitness center.
The developer, Salt Lake City-based Areté Collective LP, says it will take seven to 10 years to complete the neighborhood, while Thomas Ranch as a whole will take around 10 to 15 years. The community could eventually include 3,500 or more homes, including single-family, multifamily, senior and affordable housing.
The developer officially began construction on the community last month.
Boomtown is KVUE's series covering the explosive growth in Central Texas. For more Boomtown stories, head to KVUE.com/Boomtown. | https://www.kvue.com/article/money/economy/boomtown-2040/loraloma-thomas-ranch-luxury-home-sales/269-0df6cb8d-6e6f-4c67-a2ac-1c8b736f6b18 | 2023-07-31T12:19:13 | 1 | https://www.kvue.com/article/money/economy/boomtown-2040/loraloma-thomas-ranch-luxury-home-sales/269-0df6cb8d-6e6f-4c67-a2ac-1c8b736f6b18 |
BEIJING, July 31, 2023 /PRNewswire/ -- SANY Group ("SANY") has announced the 2023 employee stock ownership plan (ESOP). This is the fourth consecutive year that SANY has launched the ESOP, which gives employees an opportunity to own shares in the company through the setting up of incentive funds. The 2023 ESOP has set up a fund size of around 590 million yuan (USD 82 million) with a share repurchase price planned at 16.13 yuan per share (USD 2.24). The capital will be from the incentive funds accrued following relevant provisions of the group.
SANY has always focused on improving employee benefits and adhering to the principle of "growing together, pursuing common development, and sharing achievements." By establishing a comprehensive incentive and restraining mechanism, it aims to inspire employees' enthusiasm and creativity and align the interests of shareholders, the listed company, and individuals. This encourages all parties to join efforts to boost SANY's long-term development.
SANY's annual ESOP aims to share the fruits of the group's achievements with employees. The number of employees awarded with stock ownership incentives is growing annually, and the proportion of mid-level and key position employees is increasing year by year:
- 2020: SANY awarded 8.31 million shares to 2,264 employees, 71.52 percent were employees in mid-level management, key positions, and core business (technical) positions.
- 2021: SANY awarded 7.54 million shares to 4,205 employees, 91.33 percent were employees in mid-level management, key positions, and core business (technical) positions.
- 2022: SANY awarded 20.5 million shares to 6,996 employees, 94.26 percent were employees in mid-level management, key positions, and core business (technical) positions.
- 2023: SANY is awarding 36.62 million shares to 7,131 employees, 95.69 percent were employees in mid-level management, key positions, and core business (technical) positions.
The source of shares for the 2023 ESOP is the shares that have already been repurchased by SANY's special account. It does not exceed 36.62 million shares in total and is within one percent of SANY's current total capital stock.
In the meantime, SANY Renewable Energy (SH688349) released an announcement relating to exercising of the second exercise period of the 2020 stock option incentive plan, with 16.0368 million granted options to be exercised, with a three-year restricted period. The subsidiary is committed to becoming a global leader of clean energy equipment and services, and contributing to reaching the goals of carbon peaking and carbon neutrality.
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SOURCE SANY Group | https://www.cleveland19.com/prnewswire/2023/07/31/sany-announces-2023-employee-stock-ownership-plan/ | 2023-07-31T12:19:13 | 1 | https://www.cleveland19.com/prnewswire/2023/07/31/sany-announces-2023-employee-stock-ownership-plan/ |
Adult Males are Slightly More Likely to Live with Parents Than Their Female Counterparts
58% of Gen Z Consumers Live with Family Members
SAN FRANCISCO, July 31, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today released findings from the 24th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS. The Household Finances Deep Dive Edition examines the impact of household composition on consumers' ability to manage expenses and put aside savings. The series draws on insights from a survey of 4,602 U.S. consumers conducted from June 5 to June 16, as well as analysis of other economic data.
The Paycheck-to-Paycheck Landscape
In June 2023, 61% of U.S. consumers lived paycheck to paycheck, unchanged from June 2022 — as is the share of those struggling to pay bills (at 21%) — even though more middle-income consumers cited living paycheck to paycheck in June 2023 than last year. Among consumers earning $50,000 to $100,000, 65% lived paycheck to paycheck as of June 2023, compared to 60% in June 2022. Meanwhile, the shares of high-income consumers — those earning more than $100,000 annually — and low-income consumers — those earning less than $50,000 annually — living paycheck to paycheck in June 2023 sit at 45% and 77%, respectively, relatively unchanged from June 2022.
This stability in the financial situation of U.S. households indicates that consumers continue to adapt to inflationary pressures, finding ways to manage their spending and live within their means.
Household Composition Determines Financial Lifestyle
Consumers living with only a partner or spouse are likely to face less financial hardship, while those with dependents and those living with friends or housemates are more likely to live paycheck to paycheck.
The research finds that 86% of consumers live with one or more people, and one-third of paycheck-to-paycheck consumers live in households of four or more people. Consumers not living paycheck to paycheck are most likely to reside in two-person households, at 41%. Meanwhile, 49% of millennials and 55% of bridge millennials live in households of four or more people, making them the age groups most likely to reside in the largest households.
There is also a direct correlation among household size, stage of life and financial lifestyle. As household size increases, the ratio of income earners to non-earners typically falls, attributable to households with dependent children. When looking at the share of paycheck-to-paycheck consumers who live in a two-member household, the data finds that 54% do so — 7 percentage points below the sample average. Meanwhile, at 66%, consumers with children under the age of 18 are 12% more likely to live paycheck to paycheck than those without children, at 59%. Among consumers living with friends or housemates, 77% live paycheck to paycheck — the most likely to do so. This suggests that those sharing expenses with a partner or spouse fare better, that is until they have children or even parents to support.
"As household size increases, the ratio of income earners to household members typically falls, creating a higher likelihood of financial distress," said Alia Dudum, LendingClub's Money Expert. "The relationship between household income and household composition explains why many families tend to struggle financially and why millennials and bridge millennials, many of whom are in their peak child-rearing years, tend to remain financially vulnerable."
Economic Considerations Top Reason to Stay in the Family Household
Economics are the main driver for consumers to live with family longer, with 43% wanting to save money and 30% unable to afford housing independently. Besides economic reasons, consumers remain at home to maintain family ties (24%), for transitional reasons (23%), and to provide care (22%).
At one-fifth (20%), adult males are slightly more likely to live with parents than their female counterparts (18%), a phenomenon that grows significantly among those financially struggling (26% of males compared to 18% of females). At 58%, Gen Z is the generation most likely to stay with family members, with 50% citing economic reasons. Members of Gen Z living with three or more people — often familial settings — spent 22% of their income on housing, compared to 30% of those living alone or with a partner.
That said, consumers living with family members to offset expenses are not planning extended stays. For example, one-third of those consumers expect to move out in the coming year, particularly millennials and bridge millennials.
Financial Transparency Determined by Relationship Status
Financial transparency within shared households is paramount to ensure bills are paid and expenses are covered, but the transparency level depends on who consumers live with. Couples living together share financial information 87% of the time and have a joint bank account 76% of the time. Parents are also likely to discuss finances with the children residing in their household, with 45% of parents sharing financial information with their children and 34% granting them access to a shared account. Bill splitting is the most common financial interaction for consumers living with friends or housemates, at 74%. Additionally, borrowing money from other household members is a financial option many use to make ends meet, with consumers mostly engaging in this practice with parents or siblings, at 47%, and friends and housemates, at 44%.
Families and couples maintain outstanding credit card balances that are significantly higher, on average, than those of consumers who live alone. Consumers with children under the age of 18 average 50% more credit card debt than those who live alone. Families represent the lion's share of credit card spending, holding average balances of $6,300 for consumers living with a partner and $7,200 for those living with children under 18. Living with a partner or children also significantly increases a consumer's likelihood of having an auto loan or mortgage.
"With today's inflationary pressures, sharing household finances has become not only common but crucial," continued Dudum. "The increasing complexity of modern lifestyles and the rising cost of living have necessitated a shift in the way consumers approach household finances. One person solely bearing the burden of managing all financial matters has become a minority practice. Instead, couples, families, and even roommates increasingly jointly navigate their economic realities, and it's a trend that is here to stay."
To view the full report, visit: https://www.pymnts.com/study/reality-check-paycheck-to-paycheck-inflation-household-spending-shared-expenses/
Methodology
New Reality Check: The Paycheck-to-Paycheck Report — The Household Finances Deep Dive Edition is based on a census-balanced survey of 4,602 U.S. consumers conducted from June 5 to June 16, as well as analysis of other economic data. The data in this report is not intended to be a representation of LendingClub's core member base. The Paycheck-to-Paycheck series expands on existing data published by government agencies, such as the Federal Reserve System and the Bureau of Labor Statistics, to provide a deep look into the core elements of American consumers' financial wellness: income, savings, debt and spending choices. Our sample was balanced to match the U.S. adult population in a set of key demographic variables: 51% of respondents identified as female, 33% were college-educated and 38% declared incomes of more than $100,000 per year.
About LendingClub
LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S., where members can access a broad range of financial products and services designed to help them pay less when borrowing and earn more when saving. Based on more than 150 billion cells of data and over $85 billion in loans, our advanced credit decisioning and machine-learning models are used across the customer lifecycle to expand seamless access to credit for our members while generating compelling risk-adjusted returns for our loan investors. Since 2007, more than 4.7 million members have joined the Club to help reach their financial goals. For more information about LendingClub, visit https://www.lendingclub.com.
Contact:
For Investors: IR@lendingclub.com
Media Contact: Press@lendingclub.com
PYMNTS Contact: information@PYMNTS.com
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SOURCE LendingClub Corporation | https://www.wcjb.com/prnewswire/2023/07/31/lendingclub-pymnts-research-shows-86-consumers-live-with-one-or-more-people-yet-those-living-with-only-partners-or-spouses-reap-financial-benefits/ | 2023-07-31T12:19:15 | 0 | https://www.wcjb.com/prnewswire/2023/07/31/lendingclub-pymnts-research-shows-86-consumers-live-with-one-or-more-people-yet-those-living-with-only-partners-or-spouses-reap-financial-benefits/ |
DENVER (AP) — As Denver neared triple-digit temperatures, Ben Gallegos sat shirtless on his porch swatting flies off his legs and spritzing himself with a misting fan to try to get through the heat. Gallegos, like many in the nation’s poorest neighborhoods, doesn’t have air conditioning.
The 68-year-old covers his windows with mattress foam to insulate against the heat and sleeps in the concrete basement. He knows high temperatures can cause heat stroke and death, and his lung condition makes him more susceptible. But the retired brick layer, who survives on about $1,000 a month largely from Social Security, says air conditioning is out of reach.
“Take me about 12 years to save up for something like that,” he said. “If it’s hard to breathe, I’ll get down to emergency.”
As climate change fans hotter and longer heat waves, breaking record temperatures across the U.S. and leaving dozens dead, the poorest Americans suffer the hottest days with the fewest defenses. Air conditioning, once a luxury, is now a matter of survival.
As Phoenix weathered its 27th consecutive day above 110 degrees (43 Celsius) Wednesday, the nine who died indoors didn’t have functioning air conditioning, or it was turned off. Last year, all 86 heat-related deaths indoors were in uncooled environments.
“To explain it fairly simply: Heat kills,” said Kristie Ebi, a University of Washington professor who researches heat and health. “Once the heat wave starts, mortality starts in about 24 hours.”
It’s the poorest and people of color, from Kansas City to Detroit to New York City and beyond, who are far more likely to face grueling heat without air conditioning, according to a Boston University analysis of 115 U.S. metros.
“The temperature differences … between lower-income neighborhoods, neighborhoods of color and their wealthier, whiter counterparts have pretty severe consequences,” said Cate Mingoya-LaFortune of Groundwork USA, an environmental justice organization. “There are these really big consequences like death. … But there’s also ambient misery.”
Some have window units that can offer respite, but “in the dead of heat, it don’t do nothing,” said Melody Clark, who stopped Friday to get food at a nonprofit in Kansas City, Kansas, as temperatures soared to 101, and high humidity made it feel like 109. When the central air conditioning at her rental house went on the fritz, her landlord installed a window unit. But it doesn’t do much during the day.
So the 45-year-old wets her hair, cooks outside on a propane grill and keeps the lights off indoors. She’s taken the bus to the library to cool off. At night she flips the box unit on, hauling her bed into the room where it’s located to sleep.
As far as her two teenagers, she said: “They aren’t little bitty. We aren’t dying in the heat. … They don’t complain.”
While billions in federal funding have been allocated to subsidize utility costs and the installation of cooling systems, experts say they often only support a fraction of the most vulnerable families and some still require prohibitive upfront costs. Installing a centralized heat pump system for heating and cooling can easily reach $25,000.
President Joe Biden announced steps on Thursday to defend against extreme heat, highlighting the expansion of the Low Income Home Energy Assistance Program, which funnels money through states to help poorer households pay utility bills.
While the program is critical, said Michelle Graff, who studies the subsidy at Cleveland State University, only about 16% of the nation’s eligible population is actually reached. Nearly half of states don’t offer the federal dollars for summer cooling.
“So people are engaging in coping mechanisms, like they’re turning on their air conditioners later and leaving their homes hotter,” Graff said.
While frigid temperatures and high heating bills birthed the term “heat or eat,” she said, “we can now transition to AC or eat, where people are going to have to make difficult decisions.”
As temperatures rise, so does the cost of cooling. And temperatures are already hotter in America’s low-income neighborhoods like Gallegos’ Denver suburb of Globeville, where people live along stretches of asphalt and concrete that hold heat like a cast-iron skillet. Surface temperatures there can be roughly 8 degrees hotter than in Denver’s wealthier neighborhoods, where a sea of vegetation cools the area, according to the environmental advocacy group American Forests.
This disparity plays out nationwide. Researchers at the University of San Diego analyzed 1,056 counties and in over 70%, the poorest areas and those with higher Black, Hispanic and Asian populations were significantly hotter.
About one in 10 U.S. households have no air conditioning, a disparity compounded for marginalized groups, according to a study by the Brookings Institution. Less than 4% of Detroit’s white households don’t have air conditioning; it’s 15% for Black households.
At noon on Friday, Katrice Sullivan sat on the porch of her rented house on Detroit’s westside. It was hot and muggy, but even steamier inside the house. Even if she had air conditioning, Sullivan said she’d choose her moments to run it to keep her electricity bill down.
The 37-year-old factory worker pours water on her head, freezes towels to put around her neck, and sits in her car with the air conditioner on. “Some people here spend every dollar for food, so air conditioning is something they can’t afford,” she said.
Shannon Lewis, 38, lived in her Detroit home for nearly 20 years without air conditioning. Lewis’s bedroom was the only place with a window unit, so she’d squeeze her teenager, 8-year-old and 3-year-old-twins into her queen-size bed to sleep, eat meals and watch television.
“So it was like cool in one room and a heat stroke in another,” Lewis said. For the first time, Lewis now has air conditioning through a local non-profit, she said. “We don’t have to sleep or eat in the same room, we are able to come out, sit at the dining room table, eat like a family.”
After at least 54 died during a 2021 heat wave, mostly elderly people without air conditioning, in the Portland area, Oregon passed a law prohibiting landlords from placing blanket bans on air conditioning units. By and large, however, states don’t have laws requiring landlords to provide cooling.
In the federal Inflation Reduction Act, billions were set aside for tax credits and rebates to help families install energy-efficient cooling systems, but some of those are yet to be available. For people like Gallegos, who doesn’t pay taxes, the available credits are worthless.
The law also offers rebates, the kind of state and federal point-of-sale discounts that Amanda Morian has looked into for her 640-square-foot home.
Morian, who has a 13-week-old baby susceptible to hot weather, is desperate to keep her house in Denver’s Globeville suburb cool. She bought thermal curtains, ceiling fans and runs a window unit. At night she tries to do skin-to-skin touch to regulate the baby’s body temperature. When the back door opens in the afternoon, she said, the indoor temperature jumps a degree.
“All of those are just to take the edge off, it’s not enough to actually make it cool. It’s enough to keep us from dying,” she said.
She got estimates from four different companies for installing a cooling system, but every project was between $20,000 and $25,000, she said. Even with subsidies she can’t afford it.
“I’m finding that you have to afford the project in the first place and then it’s like having a bonus coupon to take $5,000 off of the sticker price,” she said.
Lucy Molina, a single mom in Commerce City, one of Denver’s poorest areas, said her home has reached 107 degrees without air conditioning. Nearby, Molina’s two teenage children slurped popsicles to cool off, lingering in front of the open freezer.
For Molina, who bustled around her kitchen on a recent day when temperatures reached 99 degrees outdoors, it’s hard to see any path to a cooling respite.
“We’re just too poor,” she said. | https://www.ksn.com/weather/weather-stories/were-just-too-poor-record-heat-waves-reveal-plight-of-americans-without-air-conditioning/ | 2023-07-31T12:19:16 | 0 | https://www.ksn.com/weather/weather-stories/were-just-too-poor-record-heat-waves-reveal-plight-of-americans-without-air-conditioning/ |
LOS ANGELES — When viewed through a wide lens, renters across the U.S. finally appear to be getting some relief, thanks in part to the biggest apartment construction boom in decades.
Median rent rose just 0.5% in June, year over year, after falling in May for the first time since the pandemic hit the U.S. Some economists project U.S. rents will be down modestly this year after soaring nearly 25% over the past four years.
A closer look, however, shows the trend will likely be little comfort for many U.S. renters who’ve had to put an increasing share of their income toward their monthly payment. Renters in cities such as Cincinnati and Indianapolis are still getting hit with increases of 5% or more. Much of the new construction is located in just a few metro areas, and many of the new units are luxury apartments, which rent for well north of $2,000.
Median U.S. rent has risen to $2,029 this June from $1,629 in June 2019, according to rental listings company Rent, which tracks rents in 50 of the largest U.S. metropolitan areas. Demand for apartments exploded during the pandemic as people who could work remotely sought more space or decided to relocate to another part of the country.
The steep rent increases have left tenants like Melissa Lombana, a high school teacher who lives in the South Florida city of Miramar, with progressively less income to spend on other needs.
The rent on her one-bedroom apartment jumped 13% last year to $1,700. It climbed another 6% to $1,800 this month when she renewed her lease.
“Even the $1,700 was a stretch for me,” said Lombana, 43, who supplements her teaching income with a side job doing educational testing. “In a year, I will not be able to afford living here at all.”
Lombana’s rent is now gobbling up nearly half her monthly income. That puts her in a category referred to as “cost-burdened” by the U.S. Department of Housing and Urban Development, denoting households that pay 30% or more of their income toward rent. Last year, the average rent-to-income ratio per household rose to 30%. This March, it was 29.6%.
Lombana hasn’t had any luck finding a more affordable apartment. While South Florida is one of the metropolitan areas seeing a rise in apartment construction, the units are mostly high-end and not a viable option.
That scenario is playing out across the nation. Developers are rushing to complete projects that were green-lit during the pandemic-era surge in demand for rentals or left in limbo by delays in supplies of fixtures and building materials. Nearly 1.1 million apartments are currently under construction, according to the commercial real estate tracker CoStar, a pace not seen since the 1970s.
Increasing the supply of apartments tends to moderate rent increases over time and can give tenants more options on where to live. But more than 40% of the new rentals to be completed this year will be concentrated in about 10 high job growth metropolitan areas, including Austin, Nashville, Denver, Atlanta and New York, according to Marcus & Millichap. In many areas, the boost to overall inventory will be barely noticeable.
Even within metros where there’ll be a notable increase in available apartments, such as Nashville, most of it will be in the luxury category, where rents average $2,270, nationally. Some 70% of the new rental inventory will be the luxury class, said Jay Lybik, national director of multifamily analytics at CoStar.
That will leave most tenants unlikely to see a big enough reduction in rent to make a difference, industry experts and economists say.
“I think we’re in a period of rent flattening for 12 or 18 months, but it’s certainly not a big rent decline,” said Hessam Nadji, CEO of commercial real estate firm Marcus & Millichap.
“We’re building a multi-decade record number of units,” Nadji said. “It’s going to cause some softening and some pockets of overbuilding, but it’s not going to fundamentally resolve the housing shortage or the affordability problem for renters across the U.S.”
The surge in rents has made it difficult for workers to keep up with inflation despite solid wage gains the past few years and exacerbated a long-term trend. Between 1999 and 2022, U.S. rents soared 135%, while income grew 77%, according to data from Moody’s Analytics.
Realtor.com is forecasting that rents will drop an average of 0.9% this year. But while down nationally, rents are still rising in many markets around the country, especially those where hiring remains robust.
In the New York metro area, the median rent climbed 4.7% in June from a year earlier to $2,899, according to Realtor.com. In the Midwest, rents surged 5.6% in the Cincinnati metro area to $1,188, and 6.9% to $1,350 in the Indianapolis metro area.
The current spike in apartment construction alone isn’t going to be enough to address how costly renting has become for many Americans.
“For the rest of the 2020s rents will continue to grow because millennials are such a big generation and we’re very much in the hole in terms of building housing for that generation,” said Daryl Fairweather, chief economist at Redfin. “It will take many good years of new construction to build adequate housing for millennials.”
The bigger challenge is building more work force housing, because the cost of land, labor and navigating the government approval process incentivize developers to put up luxury apartments buildings.
Expanding the supply of modestly priced rentals would help alleviate the strain from so many new apartments targeting renters with high incomes, “although additional subsidies will be needed to make housing affordable to households with the lowest incomes,” researchers at Harvard University’s Joint Center for Housing Studies wrote in a recent report.
Despite the overall pullback in U.S. rents, Joey Di Girolamo, in Pembroke Pines, Florida, worries that he’ll face more sharp rent increases in coming years.
Last year, the web designer left a two-bedroom, two-bath townhome he rented for $2,200 a month to avoid a $600 a month increase. This year, his rent went up by $200, a nearly 10% jump.
“That blew me away,” said Di Girolamo, 50. “I’m just kind of dreading what it’s going to be like next year, but especially 3 or 4 years from now.” | https://www.kvue.com/article/money/some-renters-may-get-relief-from-biggest-apartment-construction-boom-in-decades-but-not-all-landlord-tenant/507-2fda036b-0bb9-449c-8000-bc5b9c73122e | 2023-07-31T12:19:19 | 0 | https://www.kvue.com/article/money/some-renters-may-get-relief-from-biggest-apartment-construction-boom-in-decades-but-not-all-landlord-tenant/507-2fda036b-0bb9-449c-8000-bc5b9c73122e |