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Union Minister Narayan Rane on Monday slammed Shiv Sena and asked how many jobs they have provided to youth and what they have done for farmers.
"I want to ask Shiv Sena how many jobs they've provided to youth, what they've done for farmers...BJP never gave stones in people's hands...If Balasaheb Thackeray was alive today, he would never have made you (Uddhav Thackeray) CM of Maharashtra," Rane was quoted as saying by ANI.
This comes days after Mahrashtra CM and Sena chief Uddhav Thackeray held a public rally at the BKC ground in Mumbai on May 14.
He reiterated that the Sena's Hindutva was in the heart and not by merely wearing saffron caps or threatening others, for us, Hindutva "is Ram in our mouths and 'kaam' (employment) in the hands".
Sounding the bugle for elections to the Mumbai municipal corporation and several other civic bodies in the state which are due this year, Thackeray on Saturday slammed the BJP and said the attempts to "separate Mumbai" from the state will never succeed.
Dwelling on issues of the high inflation or unemployment, the CM and Shiv Sena President said "first they should talk about the price hike" before questioning others' Hindutva and diverting to loudspeakers (in mosques' or Hanuman Chalisa, both recently raised by Raj Thackeray and the MP-MLA couple of Navneet Kaur-Rana and her husband Ravi Rana.
Failing this, he cited the example of Sri Lanka "which is now in flames for the second timea by the people who are suffering there without food and livelihood".
(With inputs from agencies)
(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.) | https://www.freepressjournal.in/mumbai/want-to-ask-sena-how-many-jobs-theyve-provided-to-youth-narayan-rane | 2022-05-16T14:47:29Z | https://www.freepressjournal.in/mumbai/want-to-ask-sena-how-many-jobs-theyve-provided-to-youth-narayan-rane | true | 1 |
Alarm over high domestic violence cases in Homa Bay
Hardly does a day pass without police officers from stations across Homa Bay County receiving reports of domestic violence.
Cases of gender-based violence (GBV), where one partner attacks the other, have been on the rise in the county and security officers are worried about the trend.
Spousal disputes mostly stem from rows over land and other properties.
County Commissioner Moses Lilan called on families to embrace peaceful dispute resolution mechanisms rather than resorting to violence. Some deaths from such disputes have been reported.
In the worst instances, people have been killed over issues that could have easily been resolved through negotiations.
Mr Lilan said three people have died so far in May in domestic violence.
"There is no crime that should warrant anyone to kill another person," the administrator said.
The latest incident involves a 31-year-old man who killed his 20-year-old sister-in-law in Kasima sub-location in Rachuonyo South over accusations that the woman had sent his wife away.
Machete attack
He attacked her with a machete, chopping her hand off.
The man was eventually arrested and charged.
Neighbours burned his house and were baying for his blood.
Mr Lian said that when conflict arises in families, aggrieved parties should look for better ways of addressing their grievances.
"There are many ways of resolving conflict and families should embrace peaceful ways," he said.
Besides injuries when couples fight, some people have committed suicide after disagreeing with their spouses.
Mr Lilan said the trend is also worrying, urging religious leaders and other community stakeholders to address the problems.
"Chiefs, their assistants and village elders can be of help to families that are having disputes. I call upon residents to seek their advice whenever there are problems within their setup," he said. | https://nation.africa/kenya/counties/homa-bay/alarm-over-high-domestic-violence-cases-in-homa-bay-3817212 | 2022-05-16T14:48:07Z | https://nation.africa/kenya/counties/homa-bay/alarm-over-high-domestic-violence-cases-in-homa-bay-3817212 | false | 1 |
NASHVILLE, Tenn., May 16, 2022 /PRNewswire/ - Fresh Technology Inc. (Fresh) announces the closing of its $7m Series A led by FINTOP Capital. Fresh is a leading provider of fully integrated kitchen management and e-commerce systems designed to help restaurateurs deliver exceptional hospitality in the new digital world. Fresh currently supports over 7000 restaurants. This closing follows the launch of the company's renewed market positioning as the result of strong traction and constant iteration.
Fresh is a spin out of restaurant holding company, Fresh Hospitality, and now operates as an independent SaaS company. The Company's flagship product, Fresh KDS, helps restaurants manage logistical complexities created by the explosion of digital ordering and delivery service providers over the last two years. By further connecting guests to the kitchen production process, Fresh helps restaurants improve efficiency, order accuracy, and order delivery timing. This spin out is led by Shaun Shankel and backed by a team of highly experienced operational executives with plans to scale the company and address new challenges facing restaurant operators.
"We live in an omnichannel world that has created new problems for operators including labor shortages, peak capacity management issues, and increased DSP commissions tied to missing promised wait times. We see the real-time relationship between the kitchen and the guest as the critical choke-point. Solving these problems with new technologies like machine learning is the key driver to guest loyalty and increased LTV for brands. With a fierce commitment to open-data, we created Fresh as a lightweight, modern, kitchen management and ecommerce platform to provide operators tools not previously available in the kitchen." - Shaun Shankel, CEO at Fresh
"The restaurant industry is experiencing a massive transition to digital that we have seen many times before in other industries. The amount of innovation and technology adoption is exciting. We are thrilled to join Fresh as they continue to scale their business", said Joe Maxwell, Managing Partner at FINTOP Capital
This investment signifies the belief in Fresh as an emerging leader with unmatched value for restaurants in the new, digital world. With the growth of the company comes new market positioning that demonstrates the company's ambition in the restaurant technology space.
Born in 2003 to build back-office and kitchen production systems, Fresh Technology Inc. (Fresh) has deep knowledge and experience in restaurant operations and technology. The Company has built software products that process and control costs on over $550 million in annual food sales and serve over 13 million guests each year. Focused on the relationship between kitchen and the customer, the company seeks to address the new challenges facing operators of all sizes with the explosive growth of omnichannel and off-premise dining.
For more updates and information visit freshtechnology.com
View original content to download multimedia:
SOURCE Fresh Technology Inc | https://www.kxii.com/prnewswire/2022/05/16/fresh-technology-inc-closes-7-million-series-drive-innovation-modern-restaurant-kitchens/ | 2022-05-16T14:49:19Z | https://www.kxii.com/prnewswire/2022/05/16/fresh-technology-inc-closes-7-million-series-drive-innovation-modern-restaurant-kitchens/ | true | 11 |
Rex to add more 737s this year, upgrade FFP, lounges. Delta interline 'a whole new ball game'
The Australian airline Rex is preparing to take some important steps in its efforts to expand its services and compete more directly with its larger rivals in Australia’s domestic market.
Rex has historically been a regional turboprop operator, but it began to diversify last year (2021) by introducing Boeing 737s on major domestic trunk routes. The airline currently operates six Boeing 737s and has plans to grow the jet fleet and network in 2022.
Rex also intends to: sign an interline deal with Delta Air Lines; upgrade or add more passenger lounges; and launch a new loyalty programme. These are intended to help overcome differences in services and customer offerings between Rex and full service domestic competitors such as Qantas and Virgin Australia.
Competition in the Australian domestic network is heating up, with Qantas the incumbent, Virgin Australia growing its fleet close to pre-pandemic levels, Rex also expanding, and newcomer Bonza planning to enter the fray. It will no doubt be a tough market – particularly on east coast trunk routes.
Summary:
- Interline arrangement with Delta Air Lines offers international connections for Rex.
- Delta Air Lines needs a new Australian partner after the demise of Virgin Australia deal.
- Rex plans to introduce new loyalty programme, and is upgrading its lounge network.
- Seventh 737 being added by Rex, with longer term plans to grow to approximately 30 jets.
- Rex’s jet network is also expanding, and a new Queensland route could be next.
Delta partnership gives Rex the international access it has lacked
Forming links with Delta is a particularly noteworthy step.
Rex signed a letter of intent with Delta on 2-May-2022 to establish reciprocal baggage and ticketing interline services, which are expected to begin in the third quarter.
Rex and Delta will expand their partnership in stages and some steps will require regulatory approval, said Rex Deputy Chairman John Sharp. Rex expects eventually to develop full codesharing with Delta.
This will be Rex’s first interline agreement with an overseas airline. It previously had an interline deal with Virgin Australia, although this ended during Virgin’s restructuring process and when Rex planned to enter the jet market.
The Delta arrangement will allow Rex customers to book international connections via Delta’s daily flights between Sydney and Los Angeles. This is something Qantas can obviously offer both with its own fleet and on its partners’ flights. Virgin Australia has temporarily suspended bookings on its partners’ international flights due to the COVID-19 pandemic, but this capability will return at some point.
As well as giving more options to its Australia-based customers, the interline deal will also feed Delta customers into the Rex network. Mr Sharp noted that a significant proportion of Delta passengers arrive in Sydney and want to connect to other Australian cities served by Rex.
“We’ll be attracting new customers onto our system”, said Mr Sharp. “The ramifications of [the Delta deal] are really quite significant – it’s a whole new ball game for us.”
Mr Sharp said Rex could potentially adjust its Sydney timetable to align better with the Delta international flights, taking international-to-domestic transfer times into account.
The interline deal is also a benefit to Delta.
The US airline previously partnered with Virgin Australia in the Australian market. However, in Dec-2021 Virgin announced that this arrangement would end and it would link with United Airlines instead, leaving Delta with no Australian domestic partner. Qantas meanwhile has a JV with oneworld partner American.
Expanding loyalty programme and lounge network will boost full service bona fides
Adding a comprehensive loyalty programme will be another key move, and Mr Sharp said that Rex would be rolling out such a product soon. This will be broader than the airline’s current programme, Rex Business Flyer.
Fully developed mileage programmes are important for both customers and airlines.
The airline is also improving its domestic lounge network. It has lounges in Sydney, Melbourne and Adelaide airports and is building improved lounge facilities in Sydney and Melbourne. Rex also intends to replace the Adelaide lounge, and it plans to open a new lounge location in Brisbane.
Rex has short term and longer term narrowbody fleet growth plans
Despite the narrowbody additions, Rex’s market share remains relatively low. The airline accounted for just 5.2% of Australia’s domestic seat capacity in the week of 9-May-2022, according to data from CAPA and OAG.
This should increase if Rex meets its fleet growth targets.
Australian domestic capacity: week of 9-May-2022
Rex currently operates a fleet of 60+ Saab 340 turboprops on regional routes, in addition to the six leased 737-800s on trunk routes. The airline signed a deal on 9-May-2022 to lease a seventh 737, which is due to arrive after completing a major check.
The airline intends to expand its 737 fleet further over the next few years, said Mr Sharp: “We will do this as quickly as we can, because we have a desperate need to add more aircraft into the system.”
Rex has been bringing in used 737s, most of which have been parked in Australia and were previously operated by Virgin Australia prior to its collapse.
The airline has been able to secure very attractive lease rates due to the surplus of parked aircraft during the coronavirus pandemic. Mr Sharp said this has helped Rex keep its costs as low as possible as it started its jet operation, and minimises the financial risk involved.
Rex fleet summary, as of early May-2022
The main limiting factor in its fleet growth is the time it takes to work through the logistics and regulatory processes to make the 737s operational again, Mr Sharp said. He declined to provide specific short term targets for fleet growth, although in 2021 the airline indicated that it was aiming to lease eight more 737s this year.
Rex Chairman Lim Kim Hai has previously said that eventually the airline wants to increase its jet fleet to at least 30 aircraft.
Having a 737 fleet of this size “is something the carrier aspires to”, Mr Sharp said. “It would give us the ability to build the network that we want to have, and to offer the frequencies that we think passengers are looking for.”
Additional narrowbody jets will support network growth strategy
The airline intends to add more destinations and frequencies as additional 737s arrive, said Mr Sharp. These will complement the airline’s extensive regional network operated by the Saab turboprops.
Rex currently operates 737 flights on the so-called “Golden Triangle” routes between Sydney, Melbourne and Brisbane. It also offers jet flights on other major east coast routes such as Sydney and Melbourne to Gold Coast, and Melbourne to Canberra and Adelaide.
A route between Brisbane and Cairns is likely to be the next jet service introduced. The airline is launching a major push into Queensland, targeting regional centres and tourist destinations on the coast.
Regional network and Delta interlining are both advantages for Rex’s domestic push
Rex’s venture into jet services on domestic trunk routes makes it a new entrant in this market sector.
But of course it is far from a start-up airline, as it already has an extensive regional network and associated brand awareness. This gives it valuable support structures, experience and other sources of revenue to lean on. Regional feed into the trunk routes is also helpful.
However, it can still gain advantages from starting small on the jet operations and building up according to demand.
Growing to an optimal scale must continue to be the goal for the narrowbody services. Just as important is setting up the amenities that customers expect from a non-LCC airline, such as the lounges and frequent flyer programme.
Gaining a partnership with a global giant like Delta is a huge step for Rex – both in terms of providing more feed in and out of Sydney and making its loyalty programme more appealing as domestic market competition hots up.
This partnership opportunity arose at a fortuitous time for Rex, and its benefits for the airline will grow as Delta expands in the Australian market. Delta currently operates a daily Sydney-Los Angeles flight using A350-900 equipment. | https://centreforaviation.com/analysis/reports/rex-to-add-8-more-737s-this-year-upgrade-ffp-lounges-delta-interline-a-whole-new-ball-game-607878 | 2022-05-16T14:50:53Z | https://centreforaviation.com/analysis/reports/rex-to-add-8-more-737s-this-year-upgrade-ffp-lounges-delta-interline-a-whole-new-ball-game-607878 | true | 1 |
University of Leicester condemns 'defacement' of Margaret Thatcher statue after it was egged by arts centre deputy director, 59, but won't say whether he will be punished as it defends 'creative freedom'
- Jeremy Webster, 59, allegedly egged Margaret Thatcher statue in Grantham
- Reports say the deputy arts centre director had posted about it on social media
- The University of Leicester condemned 'defacement' in a statement today
- They stopped short of confirming what, if any, measures are being taken
- The protester threw four eggs - one of which hit the bottom of the monument
- The statue of Baroness Thatcher debuted yesterday in Grantham, Lincolnshire
The University of Leicester has condemned 'defacement' in the wake of one of its staff members allegedly egging a new statue of Margaret Thatcher - but will not say whether they will punish him.
Jeremy Webster, 59, named himself as the person who egged the statue of Baroness Thatcher on social media yesterday before deleting his Twitter account.
The Deputy Director of the Attenborough Arts Centre at the University of Leicester was condemned on social media and his employer today said it does not condone 'defacement' but, in the same statement, said it has a history of 'protecting creative freedom'.
Mr Webster showed up just over an hour after the monument was placed and threw four eggs - one of which hit the statue - before he left the scene.
Jeremy Webster arrived just over an hour after the monument was placed and threw four eggs - one of which hit the statue - and then left the scene
In a statement released today, Kerry Law, Chief Marketing and Engagement Officer at the University of Leicester, said: 'The University of Leicester has a long-standing history of supporting art, fostering creativity and protecting creative freedom. It does not condone any form of defacement and takes any act of defacement extremely seriously.
'This matter will be addressed in line with the University's own procedures.'
When pressed by MailOnline, the University would not confirm which, if any, measures are being taken against Mr Webster.
It was among several acts of disrespect directed towards Baroness Thatcher after the £300,000 statue was finally put on its plinth in Grantham, Lincolnshire, yesterday morning.
The vandalism has been condemned by local councillors and MPs who called it 'very disrespectful' and added that: 'People should be immensely proud of Margaret Thatcher, whether they voted for her or not, as she remains one of the most important PMs not just of the last century but of all centuries.'
The monument to Britain's first woman prime minister was unveiled after two years of delays and several threats from protestors to engage in an 'egg-throwing competition' at the monument.
A CCTV camera has been installed opposite the statue to prevent vandalism, but last night there were fears it could become a magnet for troublemakers.
Jeremy Webster, 59, (left, pictured with partner Dee Barnes and artist Grayson Perry) is understood to have showed up just over an hour after the monument was placed
On his Twitter account, Mr Webster earlier today posted: 'Grantham unveils Thatcher statue, so guess where we are going?'
One egg hit the bottom of the statue after the protest unleashed his barrage
Thatcher's monument was erected on the 10ft plinth by workers in Grantham today
A council CCTV camera overlooks the statue of Baroness Thatcher in her home town of Grantham
The pandemic and fears of left-wing attacks on the statue have delayed its opening for two years
The statue was vetoed from its originally planned position in Parliament Square, Westminster.
Lincolnshire Police earlier confirmed there have been no arrests so far over the egging, but they are still investigating.
The statue was protected by a large metal fence - but this did not stop the man from throwing the projectiles.
However, the footage appears to have been taken down from her social media. On his Twitter account, Mr Webster earlier today posted: 'Grantham unveils Thatcher statue, so guess where we are going?'
In another post on Instagram he had apparently said: 'South Wales miners are heading up to Grantham to remove her head.' This post no longer appears available.
According to his LinkedIn, Mr Webster spent nearly nine years as Deputy Director at the Attenborough Arts Centre at the University of Leicester, having previously been Head of Exhibitions at The National Centre for Craft and Design based in Sleaford, Lincolnshire.
He had also spent just over a decade in various roles at Lincolnshire Country Council.
MailOnline has reached out to Ms Barnes and Mr Webster for more information.
Mr Webster was yesterday unavailable to comment at his £400,000 home in Grantham, which is on the same street where Baroness Thatcher was born.
He was last week pictured at an event with artist Grayson Perry, who is a patron of the University of Leicester.
Protections were put in place by the council in order to protect the controversial monument
The statue was protected by a large metal fence - but this did not stop the man from throwing the projectiles
In February 2019, a planning committee in the Lincolnshire town unanimously voted in favour of the £300,000 statue before the unveiling was postponed by the Covid-19 pandemic.
The statue has now been erected on a 10ft-high granite plinth in Baroness Thatcher's home town of Grantham, Lincolnshire.
Reports originally presented to South Kesteven District Council showed the statue was moved to the area due to fears of a 'motivated far-left movement...who may be committed to public activism'.
The £300,000 statue was originally supposed to stand in Westminster's Parliament Square but this move was scrapped by councillors
But after a large-scale £100,000 unveiling ceremony was approved by the council in 2020, a Facebook group proposing an 'egg-throwing contest' at the event attracted interest from more than 13,000 people.
Around 2,400 others visited the Facebook page to say they would go to the event including 'egg throwing... and potentially graffiti art'.
Before planning permission was given to the statue, the only marking of Baroness Thatcher in the town was a plaque on the corner of North Parade and Broad Street to show where she was born.
A council spokesman said the Public Memorials Appeal, which funded the monument through donations, will host an official unveiling ceremony at a later date.
Leader of South Kesteven District Council Kelham Cooke said 'we must never hide from our history', adding it is 'appropriate the debate that surrounds her legacy takes place here in Grantham'.
He said: 'This memorial statue of the late Baroness Thatcher of Kesteven will be a fitting tribute to a truly unique political figure.
'Margaret Thatcher will always be a significant part of Grantham's heritage. She and her family have close ties with Grantham. She was born, raised and went to school here.
'It is, therefore, appropriate that she is commemorated by her home town, and that the debate that surrounds her legacy takes place here in Grantham.
'We must never hide from our history, and this memorial will be a talking point for generations to come.'
The statue, standing at just over 20ft high, will be situated in between two existing statues of Sir Isaac Newton and Frederick Tollemache in the town's Civic Quarter.
Mr Cooke added: 'We hope that this memorial will encourage others to visit Grantham and to see where she lived and visit the exhibition of her life in Grantham Museum.
'This is about inspiring, educating and informing people about someone who represents a significant part of Grantham's heritage.'
The Grantham Community Heritage Association (GCHA), an educational charity which manages Grantham Museum, spent a number of years raising money for a permanent memorial to Baroness Thatcher.
Graham Jeal, of the GCHA, said: 'There has long been a conversation in Grantham about a more permanent memorial to the country's first female prime minister who was an enormous political figure, both nationally and internationally.
Mrs Thatcher was born on October 13 1925 and spent her childhood in the Lincolnshire market town
'The delivery of the memorial has secured the museum for the next few years and has helped the museum finances survive the Covid pandemic.
'It is recognised that the full spectrum of views exist in Grantham about the legacy of Margaret Thatcher and an exhibition inside the museum illustrates this.'
Local Tory councillor Linda Wootten called the egg throwing 'very disrespectful', adding that the statue had long been a controversial issue in the town.
'It was obvious that something like this was going to happen – but we didn't expect it to happen so quickly,' she said. 'There is concern that the statue will attract people for the wrong reasons.'
Conservative MP Sir John Hayes, who represents the neighbouring Lincolnshire constituency of South Holland and The Deepings, said: 'Even in the glorious county of Lincolnshire, there are some stupid people.
'People should be immensely proud of Margaret Thatcher, whether they voted for her or not, as she remains one of the most important PMs not just of the last century but of all centuries.'
Robert Poll, founder of the Save Our Statues campaign group, which was started when the statue of Edward Colston in Bristol was torn down in 2020, branded the egg-thrower an 'idiot'.
He added: 'People have to accept they won't agree with the political views of every statue they see. A bit more tolerance, a bit less childishness. Great to see the statue up.'
The council's Labour group leader, Lee Steptoe, said Baroness Thatcher was 'the most divisive PM in history' and that statues are 'Victorian concepts' with 'no place in the 21st century'.
The statue shows Ms Thatcher dressed in the Baronial Gown of Kesteven and wearing the chain of the Order of the Garter. It was created by the critically acclaimed sculptor Douglas Jennings.
Mrs Thatcher was born on October 13, 1925 and spent her childhood in the Lincolnshire market town before heading off to Somerville College, Oxford, at the age of 18 to study chemistry.
The argument about how or even whether Mrs Thatcher, who died aged 87 died in April 2013 after suffering a stroke, should be recognised in Grantham has raised for nearly two decades. | https://www.dailymail.co.uk/news/article-10821235/University-Leicester-condemns-defacement-Thatcher-statue-egged-employee.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 | 2022-05-16T14:52:37Z | https://www.dailymail.co.uk/news/article-10821235/University-Leicester-condemns-defacement-Thatcher-statue-egged-employee.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 | false | 5 |
America's violent weekend: Deadly mass shootings span coast-to-coast
A series of mass shootings killed and injured several people over the weekend in Buffalo, New York; Laguna Woods, California, and Houston Texas.
Here is what's known about each of the investigations:
18-year-old opens fire at Buffalo supermarket, killing 10
A White 18-year-old wearing body armor and livestreaming with a helmet camera opened fire at around 2:30 p.m. local time on Saturday outside Tops Friendly Market. It’s a supermarket in a predominantly Black neighborhood of Buffalo, New York.
The gunman streamed the shooting to a small audience on Twitch for several minutes before the platform cut off his feed.
According to police, the gunman began shooting in the parking lot and then moved inside the store. Security guard Aaron Salter fired multiple shots, but none penetrated the gunman’s armor. The gunman killed Salter, who was Black, and then stalked through the aisles, shooting shoppers.
RELATED: Buffalo mass shooting: Alleged shooter targeted Black neighborhood, officials say
When police confronted the gunman in the store’s vestibule, he put his rifle to his own neck but surrendered and dropped the gun with coaxing from the officers.
BUFFALO, NY - MAY 14: Buffalo Police on scene at a Tops Friendly Market on May 14, 2022 in Buffalo, New York. According to reports, at least 10 people were killed after a mass shooting at the store with the shooter in police custody. (Photo by John N
Police have identified the gunman as Payton Gendron, of Conklin, New York. Conklin is a small town about 200 miles (320 kilometers) southeast of Buffalo, not far from the Pennsylvania state line.
A document circulated widely online, purportedly written by Gendron, seemingly outlines racist, anti-immigrant and antisemitic beliefs. Among them was a desire to drive all people not of European descent from the U.S., federal authorities said. The document seemed to draw inspiration from the gunman who killed 51 people at two mosques in Christchurch, New Zealand, in 2019.
RELATED: Buffalo supermarket shooting: What’s known about the victims
At a news briefing on Saturday, Erie County Sheriff John Garcia called the shooting a hate crime.
"This was pure evil. It was (a) straight-up racially motivated hate crime from somebody outside of our community, outside of the City of Good Neighbors ... coming into our community and trying to inflict that evil upon us," Garcia said.
The FBI is investigating the shooting as both a hate crime and racially motivated violent extremism.
California churchgoers detain gunman after deadly shooting
A man who opened fire during a lunch reception at a Southern California church on Sunday was detained by parishioners, according to a sheriff’s official who called their intervention an act of "exceptional heroism and bravery."
One person was killed and four others were critically wounded in the afternoon shooting at Geneva Presbyterian Church in the city of Laguna Woods, Orange County Sheriff’s Department officials said.
RELATED: California church shooting: 1 dead, 5 injured in Orange County
The suspect in the shooting, an Asian man in his 60s, was in custody and deputies recovered two handguns at the scene, Undersheriff Jeff Hallock said. A motive for the shooting wasn’t immediately known, but investigators don’t believe the gunman lives in the community, Hallock said.
The majority of those inside the church at the time was believed to be of Taiwanese descent, said Carrie Braun, a sheriff’s spokesperson.
Between 30 and 40 people were gathered for lunch after a morning church service when gunfire erupted shortly before 1:30 p.m. local time, officials said. When deputies arrived, parishioners had the gunman hog-tied and in custody.
A police yellow tape is seen after a shooting inside Geneva Presbyterian Church in Laguna Woods, California, on May 15, 2022. - One person was dead and four people were "critically" injured in a shooting at a church near Los Angeles, law enforcement
A man died at the scene and five senior citizens were wounded, officials said. Four of the five people wounded suffered critical gunshot injuries.
RELATED: California church shooting: Churchgoers restrained, hogtied shooter before police arrived
The lunch reception was honoring a former pastor of a Taiwanese congregation that has services at Geneva, according to a statement from the Presbytery of Los Ranchos, a church administrative body.
2 killed, 3 hurt in Houston flea market shooting
Two people were killed and three more were taken to a hospital with injuries after a shooting Sunday at a bustling Houston flea market, authorities.
The shooting at the open-air market arose from an "altercation" that involved at least two guns and all five of the people, according to Harris County Sheriff Ed Gonzalez. He said no "innocent bystanders" were injured.
Investigators believe one of the people hospitalized was among those who opened fire and two more suspected shooters were detained at the scene, a sheriff’s deputy told a local news outlet.
Houston police vehicles are pictured at a crime scene after two people were killed and three more critically injured in a shooting at a flea market in Houston, Texas on May 15, 2022. - Two people were killed and three more were taken to a hospital wi
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Thousands of people were shopping at the market 14 miles (22 kilometers) north of Houston’s downtown when the shooting began around 1 p.m. Sunday, Gonzalez said on Twitter.
The sheriff said multiple shots were fired and that deputies recovered two pistols from the scene. Authorities did not immediately provide further information about what led to the shooting but said all the people involved were men in their 20s who appeared to know each other.
The Associated Press contributed to this report. This story was reported from Los Angeles. | https://www.foxla.com/news/americas-violent-weekend-may-14-15-2022-deadly-mass-shootings-coast-to-coast | 2022-05-16T14:52:49Z | https://www.foxla.com/news/americas-violent-weekend-may-14-15-2022-deadly-mass-shootings-coast-to-coast | false | 13 |
‘Black Mirror’ Season 6 in the Works at Netflix
More dystopian nightmares are on the horizon as Black Mirror is set to return to Netflix for a sixth season, as reported by Variety.
Charlie Brooker‘s dark anthology series last aired on the streamer in June 2019, but according to Variety sources, the show is now casting for a sixth season. The series has been a hit for Netflix since it was picked up from the U.K.’s Channel 4 after the second season.
Details regarding plots and casting are not currently known, but Variety states that Season 6 will have more episodes than Season 5, which included just three installments. The fifth season starred Andrew Scott, Anthony Mackie, Yahya Abdul-Mateen II, Topher Grace, and Miley Cyrus.
As with recent seasons, Season 6 is expected to be even more cinematic in scope, with each episode treated as an individual film. Episodes in the past two seasons have often exceeded 60-minutes with high production values and elaborate concepts, like the interactive choose-your-own-adventure episode Bandersnatch.
Brooker will produce the new season with his creative partner Annabel Jones. The pair left their Endemol Shine-backed production company House of Tomorrow in 2020 to form a new prod company, Broke and Bones, which quickly signed a mega-deal with Netflix.
Black Mirror‘s future looked bleak just a couple of years ago, as Endemol Shine Group, which was acquired by Banijay Group in 2020, maintained the rights to the series. This meant Brooker and Jones couldn’t produce new seasons for Netflix until a deal was agreed to with Banijay. However, an agreement was eventually made, with Banijay Rights licensing its hit show to the streamer.
Norm Macdonald Filmed Secret Netflix Stand-Up Special Shortly Before Death
Netflix and Banijay Rights have yet to comment on this story.
Black Mirror, Season 5, TBA, Netflix | https://www.tvinsider.com/1044699/black-mirror-season-6-in-the-works-at-netflix/ | 2022-05-16T14:55:34Z | https://www.tvinsider.com/1044699/black-mirror-season-6-in-the-works-at-netflix/ | true | 1 |
CALGARY, Alberta (AP) — Johnny Gaudreau saw the puck bouncing his way, so he raced over, slapped it toward the net — and sent the Calgary Flames to a Game 7 victory.
Gaudreau scored 15:09 into overtime to lift Calgary past the Dallas Stars 3-2 on Sunday night, giving the Flames just their second playoff series win in the last 17 years.
“You dream about stuff like that,” Gaudreau said, “scoring in a Game 7 in overtime.”
Gaudreau got the rebound of Elias Lindholm’s attempt and put a sharp-angled shot over Jake Oettinger, who made 64 saves for Dallas — a franchise record for the most stops in a Game 7.
“You go into overtime with Jake, you know it’s going to take a perfect shot to beat him, and it was a perfect shot,” Stars coach Rick Bowness said. “Johnny made a great shot, right under the bar. You can’t do anything about that.”
Tyler Toffoli and Matthew Tkachuk scored their first goals of the series, and Jacob Markstrom stopped 26 shots and had an assist for the Flames, who will face the Edmonton Oilers in the Western Conference’s semifinal in the first postseason Battle of Alberta since 1991. The series opens Wednesday in Calgary.
“I’ve been here for nine years and never had even a sniff of a chance to play them in playoffs, so it’s pretty special,” Gaudreau said. “It’s going to be a lot of fun, good for the province, going to be a lot of fun for them, for us. It’s going to be a pretty cool series.”
Oettinger became the second player in NHL history to have 60 or more saves in a Game 7 since 1955, when shots on goal were first tracked. The New York Islanders’ Kelly Hrudey made 73 saves in a 3-2 win over Washington in four overtimes in 1987.
“He played a hell of a game,” Stars captain Jamie Benn said. “I haven’t seen too many like that. I mean, if it wasn’t for him, we wouldn’t even have been close to overtime or having a chance to win.”
Benn and Vladislav Namestnikov scored for the Stars, who praised the 23-year-old Oettinger for his performance.
“Just keep your head up,” Oettinger said his teammates told him. “Obviously, it’s sad and some of those guys you don’t know if you’re going to play with them ever again, so it’s a really tough pill to swallow.”
Bowness called Oettinger “a franchise goalie, no question.”
Calgary’s Darryl Sutter improved to 8-3 in Game 7s — the most wins by a coach in those situations in NHL history. He has also won each of his last five Game 7 matchups.
“I don’t get too excited about it,” Sutter said. “Not many guys have done and not many get the opportunity to do it. It’s what you coach for, to win series.”
After reaching the Stanley Cup Final in 2004, when Calgary fell in seven games to the Tampa Bay Lightning — 2005 was a lockout year — the Flames didn’t win another playoff series until 2015, when Calgary was knocked out in the second round by Anaheim.
Calgary outshot Dallas 52-23 over three periods, but the score was deadlocked heading into the first overtime period of the series.
“We deserved to win,” Sutter said.
Oettinger stopped Gaudreau on his doorstep near the 11-minute mark of the third, followed by Markstrom turning away Jacob Petersen on a breakaway.
The Flames tied it at 2 in the second period on Tkachuk’s goal a second after a minor penalty by Dallas expired. Markstrom head-manned the puck to Gaudreau, who dished to Tkachuk for a sharp-angled shot to the top corner at 8:44.
The Flames outshot Dallas 17-8 in the first period, but the Stars led 1-0 on Benn’s goal 40 seconds into the game. Tyler Seguin was at the side of the net when he fed Benn in the mid-slot and the Stars captain beat Markstrom stick side.
Toffoli tipped in Oliver Kylington’s shot from the boards just inside the blue line at 1:46 of the second period to make it 1-1.
Dallas regained the lead 31 seconds later when Namestnikov one-timed a wrist shot past Markstrom.
“They played us so hard and made us earn every inch,” Tkachuk said. “It was one of the best feelings I’ve had in hockey when that went in for Johnny.”
SIDELINED
Dallas was without top-line center Roope Hintz (upper body injury) and forward Luke Glendening (lower body) for Game 7. … Stars forward Radek Faksa (upper body) did not play in the third period. … Calgary’s top shutdown defenseman Chris Tanev was also scratched with an undisclosed injury.
—
More AP NHL: https://apnews.com/hub/NHL and https://twitter.com/AP_Sports | https://www.arklatexhomepage.com/sports/gaudreaus-ot-goal-gives-flames-3-2-win-over-stars-in-game-7/ | 2022-05-16T14:55:43Z | https://www.arklatexhomepage.com/sports/gaudreaus-ot-goal-gives-flames-3-2-win-over-stars-in-game-7/ | false | 26 |
What are the Quordle answers for 12 May?
Warning: Spoilers ahead.
Quordle has become one of the most popular Wordle-inspired games on the web.
Launched just three months ago, the viral puzzle game has catapulted to success. Six weeks ago, Quordle claimed there were 500,000 daily players. Now, there's a staggering two million per day.
Quordle is essentially Wordle on steroids, with the opportunity to guess four words instead of one. The premise of the game gets easier after a few practices – though it's harder to maintain a streak.
You have nine chances to guess all four words. Each attempt populates all four grids.
If you're struggling with today's answers, indy100 is here to help.
Sign up to our free Indy100 weekly newsletter
The answers for 12 May are:
- Waste
- Crave
- Haunt
- Young
Didn't guess correctly? There are always these incredible Wordle alternatives to have a crack at.
Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings. | https://www.newsbreak.com/news/2600576986793/what-are-the-quordle-answers-for-12-may | 2022-05-16T14:56:26Z | https://www.newsbreak.com/news/2600576986793/what-are-the-quordle-answers-for-12-may | false | 2 |
Actress Gallery GalleriesActress Shivani Narayanan Latest Photos by jothika lakshu16th May 2022067 Share00 Actress Shivani Narayanan Latest Photos | https://www.tamilstar.com/actress-shivani-narayanan-latest-photos-4/ | 2022-05-16T14:56:34Z | https://www.tamilstar.com/actress-shivani-narayanan-latest-photos-4/ | true | null |
Local nonprofit OC United celebrated the grand opening of their facility at the Gilbert Community Center on Saturday, May 14. OCUnited is leasing the city-owned building to offer community programs. Area teens and their families were invited for a dinner and an assortment of games all put together by the teens themselves.
Sporting a new paint job and a new look, the new center is run by Community Development Manager Gaby Garcia and Caleb Parker, the Program Director of United for Kids & Teens. The Center will become a focal point for the community.
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Categories: Local News | https://fullertonobserver.com/2022/05/16/oc-united-opens-gilbert-community-center/ | 2022-05-16T14:56:49Z | https://fullertonobserver.com/2022/05/16/oc-united-opens-gilbert-community-center/ | true | 1 |
Ministers from Turkey, Finland and Sweden will meet to discuss their differences on NATO membership of the two Nordic countriess
By Elena G. Sevillano (Berlin). “I am sure that we will find a solution”, assured the Finnish Foreign Minister, Pekka Haavesto, this Saturday upon his arrival at the informal meeting with his counterparts from NATO countries in Berlin. Both Finland and Sweden, which are preparing to apply to join the Atlantic Alliance, are invited to this meeting called by the German Foreign Minister, Annalena Baerbock, to discuss the conflict in Ukraine with their partners. The meeting comes just one day after Turkey, a member of NATO, has expressed its reservations to the incorporation of both countries, which it accuses of giving support to armed organizations such as the Kurdistan Workers’ Party (PKK).
Both Haavesto and Ann Linde, the Swedish Foreign Minister, confirmed that they will meet with Ankara’s representative, Mevlut Cavusoglu, to resolve “misunderstandings” on the sidelines of the meeting. Turkey has been a member of the Alliance since 1952 and for now it is the only partner that has publicly expressed its opposition to enlargement with the two Nordic capitals. The accession of new countries requires the unanimity of all members of the organization.
Cavusoglu described as “unacceptable and outrageous” what he considers the support of potential new NATO members for armed organizations such as the PKK. “The problem is that these two countries are openly supporting […] to terrorist organizations that have been attacking our troops every day,” the Turkish minister told reporters upon arrival at the meeting. “Most of the Turkish people are against the incorporation of these two countries and ask us to block it,” he added, confirming that he will meet this Saturday night with the heads of Swedish and Finnish diplomacy. “These are issues that we obviously need to address with our allies in NATO and with those countries,” Cavusoglu justified.
NATO Secretary General Jens Stoltenberg, who was unable to attend the meeting in Berlin after testing positive for coronavirus, has assured that the organization has open arms to welcome the two new additions. The accession procedure would be accelerated if they finally submit the application. This week, the Swedish and Finnish governments have presented reports favorable to entry and are expected to take the formal step in the coming days.
Although the meeting was convened to discuss the conflict in Ukraine, to assess the military situation on the ground and the help that the Alliance can provide to the Ukrainian Army, this Saturday only talks about Turkey’s refusal to accept the entry of Sweden and Finland . A few days ago the German chancellor, Olaf Scholz, gave his support to both candidates. This Saturday, other countries have also made it public upon arrival in Berlin. “We are 100% in favor of Finland and Sweden if they decide to apply,” said Norwegian Foreign Minister Anniken Huitfeld. Her Canadian counterpart, Melanie Joly, had spoken about it at the G-7 meeting held just a few hours earlier in northern Germany: “It is important that we reach a consensus. We not only want your income to occur, but also that it be fast; It is essential in the current circumstances.”
#minute #war #Ukraine #live #kyiv #denounces #missile #attack #military #infrastructure #Lviv | https://pledgetimes.com/last-minute-of-the-war-in-ukraine-live-kyiv-denounces-a-missile-attack-on-military-infrastructure-in-lviv/ | 2022-05-16T14:56:52Z | https://pledgetimes.com/last-minute-of-the-war-in-ukraine-live-kyiv-denounces-a-missile-attack-on-military-infrastructure-in-lviv/ | false | 1 |
Biden offers logistics support to ease formula shortage
WASHINGTON (AP) — President Joe Biden is offering formula manufacturers and retailers transportation and logistics support to ease the nationwide shortage of baby formula, as the administration works to bring the largest domestic plant back on line after it was shut down early this year due to safety issues.
The White House said it is working with all major formula producers to boost production, including reaching out to their suppliers to encourage them to prioritize production and delivery of formula ingredients. It comes as the Biden administration has come under intense pressure over the last week to do more to ease the shortage of formula that has forced parents of infants to go to significant lengths to feed their children.
The shortage stems from a February recall by Abbott, the nation’s largest formula maker, that shuttered the company’s Michigan plant and exacerbated ongoing supply chain disruptions among formula makers, leaving fewer options on stores shelves across much of the country. The shortage has led retailers like CVS and Target to limit how many containers customers can purchase per visit and forced some parents to swap and sell formula online.
On Monday, FDA Commissioner Robert Califf told ABC News’ “Good Morning America” that the federal agency is “working really closely with Abbott” to reopen the closed Michigan factory and he expects that “in a very short period of time we’re going to have an announcement about the path forward.”
Califf said an announcement is forthcoming about importing baby formula from abroad, noting that the key is making sure the instructions for the formula are in languages that mothers and caregivers can understand.
The FDA warned families against making their own baby formula because it has 30 distinct constituents that have to be in the right amount, otherwise the formula can possibly be dangerous to consume.
Abbott’s voluntary recall was triggered by four illnesses reported in babies who had consumed powdered formula from the Michigan plant. All four infants were hospitalized with a rare type of bacterial infection and two died.
After a six-week inspection, FDA investigators published a list of problems in March, including lax safety and sanitary standards and a history of bacterial contamination in several parts of the plant.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wctv.tv/2022/05/16/biden-offers-logistics-support-ease-formula-shortage/ | 2022-05-16T14:58:14Z | https://www.wctv.tv/2022/05/16/biden-offers-logistics-support-ease-formula-shortage/ | true | 14 |
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We use cookies to personalize content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media. See details. | https://www.tayyar.org/News/World/476578/ | 2022-05-16T15:00:46Z | https://www.tayyar.org/News/World/476578/ | false | 3126 |
A local court here on Monday directed the Varanasi district administration to seal the spot in the Gyanvapi Masjid complex where a Shivling was reportedly found during a court-mandated survey.
Civil Judge (senior division) Ravi Kumar Diwakar directed the district magistrate Varanasi, police commissioner and CRPF commandant Varanasi to ensure the security of the sealed area.
The Supreme Court is scheduled to hear on Tuesday the plea of the management of Gyanvapi mosque against the survey of the Gyanvapi-Shringar Gauri complex in Varanasi in Uttar Pradesh.
The apex court will hear the matter amidst an important development with a Varanasi court on Monday directed the district administration there to seal the spot of the survey inside the complex where allegedly Shivling’ has been found by the surveying team.
As per the updated list of business of the apex court for Tuesday, a bench of Justices D Y Chandrachud and P S Narasimha would be hearing the plea of the Committee of Management Anjuman Intezamia Masjid, which manages the affairs of Gyanvapi mosque in Varanasi.
A court-mandated videography survey of the Gyanvapi Masjid complex, which was carried out for the third consecutive day, concluded on Monday amid tight security. The mosque is located close to the iconic Kashi Vishwanath temple and the local court is hearing a plea by a group of women seeking permission for daily prayers before the idols on its outer walls.
Also read:
Advocate Madan Mohan Yadav, who represents the Hindu side in the court, submitted before the court that finding the Shivling in the complex is an importance evidence. The court directed that the area where the Shivling was found should be sealed, and directed the district magistrate of Varanasi to do so, according to the court order.
It directed the police commissioner of Varanasi and commandant CRPF to guard the area.
(Edited by : Anand Singha)
First Published: IST | https://www.cnbctv18.com/legal/gyanvapi-case-court-orders-sealing-of-masjid-complex-where-shivling-reportedly-found-13500712.htm/amp | 2022-05-16T15:00:48Z | https://www.cnbctv18.com/legal/gyanvapi-case-court-orders-sealing-of-masjid-complex-where-shivling-reportedly-found-13500712.htm/amp | true | 2 |
NEW YORK, May 16, 2022 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP announce that the United States District Court for the Southern District of New York has approved the following announcement of a proposed class action settlement that would benefit purchasers of Sasol Limited American Depository Receipts (: SSL):
SUMMARY NOTICE OF PENDENCY AND
PROPOSED CLASS ACTION SETTLEMENT
TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED SASOL LIMITED AMERICAN DEPOSITORY RECEIPTS (“ADRs”) FROM MARCH 10, 2015, THROUGH JANUARY 13, 2020, BOTH DATES INCLUSIVE.
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 an Order of the United States District Court for the Southern District of New York, that a hearing will be held on August 18, 2022, at 9:30 a.m. before the Honorable John P. Cronan, United States District Judge of the Southern District of New York, United States Courthouse, Courtroom 12D, 500 Pearl Street, New York, NY 10007 for the purpose of determining: (1) whether the proposed settlement of the claims in the above-captioned Action (“Settlement”) for consideration including the sum of $24,000,000 (“Settlement Amount”) should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed plan to distribute the Settlement proceeds is fair, reasonable, and adequate; (3) whether the application of attorneys for Lead Plaintiff (“Lead Counsel”) for an award of attorneys’ fees of up to twenty-two percent (22%) plus interest of the Settlement Amount, reimbursement of expenses of not more than $600,000 and an incentive payment of no more than $20,000 to Lead Plaintiff and no more than $15,000 to the Additional Plaintiff Representative should be approved; and (4) whether this Action should be dismissed with prejudice as set forth in the Stipulation and Agreement of Settlement dated April 1, 2022 (the “Stipulation”). The Court may also hold the hearing telephonically or by videoconference.
If you purchased Sasol Limited (“Sasol”) American Depository Receipts (“ADRs”) during the period from March 10, 2015, through January 13, 2020, both dates inclusive (the “Settlement Class Period”), you are a “Settlement Class Member” and your rights may be affected by this Settlement, including the release and extinguishment of claims you may possess relating to your ownership interest in Sasol securities. If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action (“Notice”) and a copy of the Proof of Claim and Release Form, you may download a copy at www.strategiclaims.net/sasol/ or obtain copies by contacting the Claims Administrator at: Sasol Limited Securities Litigation, c/o Strategic Claims Services, 600 N. Jackson St., Ste. 205, P.O. Box 230, Media, PA 19063; (Tel) (866) 274-4004; (Fax) (610) 565-7985; [email protected].
If you are a Settlement Class Member, in order to share in the distribution of the Net Settlement Fund, you must electronically submit a properly completed Proof of Claim by 11:59 p.m. on July 5, 2022, to the Claims Administrator, establishing that you are entitled to recovery. If you are unable to electronically submit a Proof of Claim, you may mail a Proof of Claim at your own expense. If you are a Settlement Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release Form postmarked no later than July 5, 2022, to the Claims Administrator, establishing that you are entitled to recovery. Unless you submit a written exclusion request, you will be bound by any judgment rendered in the Action whether or not you make a claim.
If you want to be excluded from the Settlement Class, you must submit to the Claims Administrator a request for exclusion so that it is received no later than July 28, 2022, in the manner and form explained in the Notice. All members of the Settlement Class who have not requested exclusion from the Settlement Class will be bound by any judgment entered in the Action pursuant to the Stipulation.
Any objection to the Settlement, Plan of Allocation, or Lead Counsel’s request for an award of attorneys’ fees and reimbursement of expenses and award to Lead Plaintiff must be in the manner and form explained in the detailed Notice and received no later than July 28, 2022, to each of the following:
Clerk of the Court
United States District Court
Southern District of New York
Courtroom 12D
500 Pearl St.
New York, NY 10007
LEAD COUNSEL:
Hagens Berman Sobol Shapiro LLP
Attn. Lucas E. Gilmore, Esq.
715 Hearst Avenue, Suite 202
Berkeley, CA 94710
Tel: (510) 725-3000
Fax: (510) 725-3001
Email: [email protected]
COUNSEL FOR DEFENDANTS:
Weil, Gotshal & Manges LLP
Attn. Caroline H. Zalka, Esq. and
Nicole E. Prunetti, Esq.
767 Fifth Avenue
New York, NY 10153
Tel: (212) 310-8000
Fax: (212) 310-8007
Email: [email protected]
[email protected]
If you have any questions about the Settlement, you may call or write to Lead Counsel:
Hagens Berman Sobol Shapiro LLP
Lucas E. Gilmore, Esq.
715 Hearst Avenue, Suite 202
Berkeley, CA 94710
Tel: (510) 725-3000
Fax: (510) 725-3001
Email: [email protected]
PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE.
DATED: April 19, 2022
BY ORDER OF THE UNITED STATES DISTRICT
COURT, FOR THE SOUTHERN DISTRICT OF
NEW YORK
__________________________
HON. JOHN P. CRONAN | https://www.gurufocus.com/news/1713216/hagens-berman-sobol-shapiro-llp-announces-proposed-class-action-settlement-on-behalf-of-purchasers-of-sasol-limited-american-depository-receipts--ssl | 2022-05-16T15:01:25Z | https://www.gurufocus.com/news/1713216/hagens-berman-sobol-shapiro-llp-announces-proposed-class-action-settlement-on-behalf-of-purchasers-of-sasol-limited-american-depository-receipts--ssl | true | 2 |
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ARCH RESOURCES, INC. Passive Stake (FormSC13G)
Accepted:
Form Type:
SC 13G
Accession Number:
0001711252-22-000002 | https://www.benzinga.com/secfilings/22/05/27192104/arch-resources-inc-passive-stake-formsc13g | 2022-05-16T15:01:51Z | https://www.benzinga.com/secfilings/22/05/27192104/arch-resources-inc-passive-stake-formsc13g | false | 254241 |
NEW YORK, May 16, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SOFI, GOED, ATAI, REKR, and EMBK.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- SOFI: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=SOFI&prnumber=051620222
- GOED: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=GOED&prnumber=051620222
- ATAI: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=ATAI&prnumber=051620222
- REKR: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=REKR&prnumber=051620222
- EMBK: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=EMBK&prnumber=051620222
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
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View original content to download multimedia:
SOURCE InvestorsObserver | https://www.waff.com/prnewswire/2022/05/16/thinking-about-buying-stock-sofi-technologies-1847-goedeker-atai-life-sciences-rekor-systems-or-embark-technology/ | 2022-05-16T15:04:16Z | https://www.waff.com/prnewswire/2022/05/16/thinking-about-buying-stock-sofi-technologies-1847-goedeker-atai-life-sciences-rekor-systems-or-embark-technology/ | false | 5776 |
What Type Of Shareholders Own The Most Number of LF Capital Acquisition Corp. II (NASDAQ:LFAC) Shares?
A look at the shareholders of LF Capital Acquisition Corp. II (NASDAQ:LFAC) can tell us which group is most powerful. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. We also tend to see lower insider ownership in companies that were previously publicly owned.
LF Capital Acquisition II is not a large company by global standards. It has a market capitalization of US$323m, which means it wouldn't have the attention of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions own shares in the company. Let's delve deeper into each type of owner, to discover more about LF Capital Acquisition II.
See our latest analysis for LF Capital Acquisition II
What Does The Institutional Ownership Tell Us About LF Capital Acquisition II?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
LF Capital Acquisition II already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see LF Capital Acquisition II's historic earnings and revenue below, but keep in mind there's always more to the story.
Our data indicates that hedge funds own 9.3% of LF Capital Acquisition II. That's interesting, because hedge funds can be quite active and activist. Many look for medium term catalysts that will drive the share price higher. Level Field Management, LLC is currently the company's largest shareholder with 20% of shares outstanding. Beryl Capital Management LLC is the second largest shareholder owning 9.3% of common stock, and Highbridge Capital Management, LLC holds about 2.9% of the company stock.
Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held.
Insider Ownership Of LF Capital Acquisition II
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
Our most recent data indicates that insiders own less than 1% of LF Capital Acquisition Corp. II. It seems the board members have no more than US$798k worth of shares in the US$323m company. We generally like to see a board more invested. However it might be worth checking if those insiders have been buying.
General Public Ownership
The general public, mostly comprising of individual investors, collectively holds 54% of LF Capital Acquisition II shares. This level of ownership gives investors from the wider public some power to sway key policy decisions such as board composition, executive compensation, and the dividend payout ratio.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand LF Capital Acquisition II better, we need to consider many other factors. Case in point: We've spotted 4 warning signs for LF Capital Acquisition II you should be aware of, and 3 of them make us uncomfortable.
If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, backed by strong financial data.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. | https://news.yahoo.com/type-shareholders-own-most-number-141741601.html | 2022-05-16T15:05:32Z | https://news.yahoo.com/type-shareholders-own-most-number-141741601.html | false | 5 |
Biden redeploys hundreds of special ops ground forces to Somalia
Move is revival of counterterrorism operation ended by Trump
President Joe Biden has revived a counterterrorism operation in Somalia that will mean the reassignment of hundreds of US ground forces to the war-torn country.
The move was first reported by The New York Times on Monday, citing numerous administration officials, who noted that the president had also approved a request from the US Department of Defense to authorise the targeting of roughly a dozen leaders of the al Qaeda-affiliated Al Shabab terrorist group.
Former President Donald Trump had withdrawn US forces from that region of Africa and other conflict zones around the world in the waning days of his presidency in a move that both reflected his desire to draw down the US military footprint around the world and presented a challenge for the incoming Biden administration as the withdrawal was ordered just a month before Mr Biden took office. It completed on 17 Jan 2021, three days before Mr Biden was sworn in.
An official who spoke to the Times on condition of anonymity explained that the US effort would focus on targeting a small group of leaders with a history of plotting attacks outside of Somalia’s borders. Al Shabab, unlike the Islamic State or even Al Qaeda, rarely inspires attacks on foreign soil.
They added that those targeted presented an immediate threat to “us, and our interests and our allies”.
Join our new commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
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Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today. | https://www.independent.co.uk/news/world/americas/us-politics/biden-military-forces-deployment-somalia-b2080111.html | 2022-05-16T15:05:55Z | https://www.independent.co.uk/news/world/americas/us-politics/biden-military-forces-deployment-somalia-b2080111.html | false | 1 |
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CITIGROUP INC (Form424B2) (0000950103-22-008426)
Accepted:
Form Type:
424B2
Accession Number:
0000950103-22-008426 | https://www.benzinga.com/secfilings/22/05/27192792/citigroup-inc-form424b2-0000950103-22-008426 | 2022-05-16T15:07:04Z | https://www.benzinga.com/secfilings/22/05/27192792/citigroup-inc-form424b2-0000950103-22-008426 | false | 254241 |
City Hangout – Matia Mahal Bazar, Old Delhi
market in the pandemic.
[Text and photos by Mayank Austen Soofi]
Ramzan is gone, not its raunaq. The peppy bunting is hanging upon the street like an expired blessing (see photo). This weekday afternoon Old Delhi’s Matia Mahal Bazar is as packed as Nauchandi Mela.
Even in the worst days of the pandemic, Matia Mahal bustled with masses, but the fear of yet another lockdown or covid wave would hang upon the bazar like an ominous dark cloud. That’s gone with the masks. It’s now like the carefree pre-2020 times.
For 30 years, the one-armed Salim Bhai has been begging at the head of the bazar, beside the Kallan Sweets, across the road from Jama Masjid. He is back after spending lockdowns in his native Ahmedabad.
Danedar Shikanji seller Noor Ahmad, just 14 and with parents back home in the UP village, is counting the day’s sale—it’s a thousand rupees. Behind him, two Kashmiri nun chai traders, Khushnaseeb and Abdul Ghaffar, hurriedly waddle down the narrow stairs of “Govt. approved” Al-Ahad Holiday Home, and melt into the street congestion.
Bombay Saloon is houseful—all four chairs are full, and two customers are waiting by the glass door.
Fourth generation date seller Arif Khajoor Wale is guiding a customer to his stacks of dates, muttering, “This is from Iran, this is also from Iran, this is from Saudi, this is from Medina…”
Outside Salim Tea House, 67-year-old rickshaw puller Subedin is badgering a foreigner to board his rickshaw for the Old Delhi tour (“Sir, sir—Spice Market, Kinari Bazar, Red Fort”). 20-rupee notes are sticking out from the gusset of his sweating vest. Explaining why he is working at his advanced age, he shouts—“I’ve only daughters, no sons!”
Young Shabdam plods by, carrying an uncovered vessel filled with steaming yellow dal. “Taking it to Gharib Nawaz hotel!”
Outside the Old Famous Khoya Jalebi, a small island devoid of traffic has surfaced. A man is lying sprawled on the street. Nobody bothering to know who he can be. A Mohabbat ka Sherbet hawker mumbles the man is drunk and will get up on regaining hoshohawas (consciousness). The distracted crowd is automatically steering its way about him. Matia Mahal has regained its normalcy.
The Matia Mahal normalcy
1a.
1.
2.
3.
3a.
4.
5.
5a. | https://www.thedelhiwalla.com/2022/05/16/city-hangout-matia-mahal-bazar-old-delhi/ | 2022-05-16T15:08:13Z | https://www.thedelhiwalla.com/2022/05/16/city-hangout-matia-mahal-bazar-old-delhi/ | true | 2 |
EDUCare (EKT) traded 2.6% higher against the dollar during the 24-hour period ending at 10:00 AM ET on May 16th. During the last week, EDUCare has traded 44.2% lower against the dollar. One EDUCare coin can currently be bought for $0.0003 or 0.00000001 BTC on popular cryptocurrency exchanges. EDUCare has a total market cap of $249,808.09 and $49,629.00 worth of EDUCare was traded on exchanges in the last 24 hours.
Here’s how similar cryptocurrencies have performed during the last 24 hours:
- BITCOIN ADDITIONAL (BTCA) traded down 1.1% against the dollar and now trades at $29,706.67 or 1.00032540 BTC.
- Binance USD (BUSD) traded down 0.1% against the dollar and now trades at $1.00 or 0.00003364 BTC.
- Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC.
- Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
- DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
- DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.
- Dai (DAI) traded 0% higher against the dollar and now trades at $1.00 or 0.00003368 BTC.
- Polygon (MATIC) traded 0.9% higher against the dollar and now trades at $0.68 or 0.00002293 BTC.
- THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.
- FTX Token (FTT) traded 1.3% higher against the dollar and now trades at $31.96 or 0.00107621 BTC.
EDUCare Coin Profile
According to CryptoCompare, “EKT creates a new BlockChain underlying structure that splits Token and DApp , and aims for simplicity、iteration efficiency and security of the distributed application development. By integrating the Bancor Protocol into the public chain structure, the newly-issued pass will acquire stable circulation attributes, the developers only need to pay attention to the business logic of DApp, and everything else will be done by EKT public chain. “
Buying and Selling EDUCare
It is usually not currently possible to buy alternative cryptocurrencies such as EDUCare directly using US dollars. Investors seeking to trade EDUCare should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy EDUCare using one of the aforementioned exchanges.
Receive News & Updates for EDUCare Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for EDUCare and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter. | https://www.wkrb13.com/2022/05/16/educare-price-down-44-2-over-last-week-ekt.html | 2022-05-16T15:10:37Z | https://www.wkrb13.com/2022/05/16/educare-price-down-44-2-over-last-week-ekt.html | false | 83781 |
Mayu Iizuka sheds her soft-spoken personality and starts cackling, screaming and waving wildly in a makeshift studio in Tokyo as her avatar appears on a livestream before hundreds of fans.
Virtual YouTubers like Iizuka, who voices and animates a character called Yume Kotobuki, have transformed a niche Japanese subculture into a thriving industry where top accounts can rake in more than a million dollars (¥130 million) a year.
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Please add japantimes.co.jp and piano.io to your list of allowed sites.
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We humbly apologize for the inconvenience. | https://www.japantimes.co.jp/life/2022/05/07/digital/japan-vtuber/ | 2022-05-16T15:12:01Z | https://www.japantimes.co.jp/life/2022/05/07/digital/japan-vtuber/ | false | null |
Spelthorne council has been accused of trying to quash public scrutiny by changing the rules on questions the public are allowed to ask. Anyone living in the council area can ask their representatives questions at council meetings and there used to be no restriction on the number of questions any one person could ask.
This month, Spelthorne Borough Council proposed introducing a cap limiting the number of questions permitted to two, each with a word limit of 100.
According to a council report, this was “to allow all members of the public submitting questions to have a fair and equitable opportunity to ask their question within the time allotted”.
Read more: Council demands developers hold consultation events after Staines high-rise backlash
And the new changes also included making the public submit their questions ahead of when the details of meetings are released. When these written rules were last changed, in July 2021, the deadline was changed from five working days to seven - two days before meeting agendas are generally published. Now the deadline has been changed again, to eight days.
Sunbury resident Kath Sanders, who tried to submit questions to the council on April 19 about its growing capital spending but was told it was too late by five hours, said: “It feels increasingly like the rights of the public are being eroded.”
Spelthorne Borough Council said most proposals that reach full council have been "previously considered at committees" and that residents can also contact their councillor to answer queries.
Proposals followed a review by a working group that contains representatives from all political groups and independent members. All councillors were surveyed and half of them responded.
Ian Harvey, leader of the United Spelthorne Group said it was “to make managing the business of council including agendas and obtaining responses a bit more manageable”.
Liberal Democrat council leader Lawrence Nichols put forward amendments suggesting people should be allowed to ask four questions not two, and allow a 250 word limit rather than 100.
These was approved though some members did not agree. Councillor Robin Sider (Con, Shepperton Town) said: “I think, from my experience on the council, a lot of these questions that are asked are being politically orchestrated.”
There was no mention of bringing forward the deadline for public questions and that went through unchallenged. Nigel Rowe from the Riverside Residents (Staines) Coalition said he thought this would “further constrain the exercise of public accountability”.
“It makes it impossible to ask questions pertinent to a meeting’s agenda, which seems particularly perverse,” he said. “Members of the public must surely have the opportunity to raise questions directly relating to an upcoming full council agenda item.”
A Spelthorne Borough Council spokesperson said the recommendation to council was to "simplify procedures by standardising the deadline for public questions, member questions and motions for council".
They said: “Questions to the full council are not required to relate to items on the agenda. Most proposals that reach full council have been previously considered at committees where the public have an opportunity to pose questions relevant to agenda items after the agendas have been published, and prior to a committee making recommendations to full council.
“Councillors are always available via email or phone to answer queries about all aspects of living in Spelthorne and residents do not necessarily need to wait for council meetings, unless they prefer their question to be raised in a public forum."
Public questions put to committee meetings rather than full council have different rules. They need to be delivered in writing by 5pm five working days ahead of the meeting, but do need to relate to a specific item on its agenda.
For a council meeting where every councillor is invited, the council’s rules now state that questions must be submitted to the chief executive in writing no later than 12noon, eight working days prior to the day of the meeting. The questioner has to supply their name and address and say which councillor the question is for. | https://www.getsurrey.co.uk/news/surrey-news/spelthorne-councils-capital-spending-growing-23971319 | 2022-05-16T15:18:31Z | https://www.getsurrey.co.uk/news/surrey-news/spelthorne-councils-capital-spending-growing-23971319 | false | 1 |
COLUMBUS, Ohio — A man was found fatally shot in a car on State Route 104 in south Columbus early Monday morning.
Columbus police initially responded to a report of a crash just after 2:30 a.m. in the area of SR 104 and Haul Road. Officers arrived to find a man shot in the car and pronounced him dead.
Police have not yet released the man's identity and are now working to determine exactly where the shooting took place.
10TV responded to the scene and could see what appears to be bullet holes in the passenger side windshield of the car.
Westbound State Route 104 was initially closed west of High Street, but the road has since reopened.
This story will be updated as more information becomes available. | https://www.10tv.com/article/news/local/1-dead-after-shooting-in-southwest-columbus-monday-sr-104/530-5c6fcfb1-da93-4a0b-b6ea-089b7bd645a5 | 2022-05-16T15:18:37Z | https://www.10tv.com/article/news/local/1-dead-after-shooting-in-southwest-columbus-monday-sr-104/530-5c6fcfb1-da93-4a0b-b6ea-089b7bd645a5 | true | null |
The order of selections for the 2022 NBA Draft will be known Tuesday, when the league conducts the lottery in Chicago.
The Houston Rockets, Orlando Magic and Detroit Pistons all have a 14 percent chance to draft No. 1 in this year’s draft on June 23.
All three teams are guaranteed a top-five pick in the draft under the revised lottery rules put in place to guard against tanking.
Houston posted the league’s worst regular-season record (20-62), behind Orlando (22-60) and Detroit (23-59). The Pistons selected Cade Cunningham No. 1 in 2021.
Oklahoma City had 24 wins last season, netting the Thunder a 12 percent chance of taking the grand prize in the lottery Tuesday.
“I think you’re going to see improvement this year and I think our big move is after this coming year,” Rockets owner Tilman Fertitta said of his club’s ongoing rebuild.
Regular-season records determined the order of selections 15-30. The lottery system identifies the teams selecting in the top 14.
Houston, which selected Jalen Green No. 2 in 2021, also holds the No. 17 pick via trade from the Brooklyn Nets in next month’s draft.
Green and Cunningham appear to be building blocks based on stellar rookie seasons. Cunningham backs Duke forward Paolo Banchero as the No. 1 pick, but he isn’t a consensus top selection just yet. Auburn forward Jabari Smith and Gonzaga 7-footer Chet Holmgren are among the other prospects positioning to be the first player off the board.
Orlando fell to No. 5 in the 2021 lottery despite a 14 percent chance to get the top pick. The Magic selected Jalen Suggs (Gonzaga) with their first lottery pick since 2018.
The NBA draft combine is also in Chicago this week before the June 1 deadline for players to pull out of consideration and return to college.
Team 2021-22 record Win % Probability for No. 1 pick
Houston 20-62 0.244 14.00%
Orlando 22-60 0.268 14.00%
Detroit 23-59 0.280 14.00%
Oklahoma City 24-58 0.293 12.50%
Indiana 25-57 0.305 10.50%
Portland 27-55 0.329 9.00%
Sacramento 30-52 0.366 7.50%
Los Angeles Lakers^33-49 0.402 6.00%
San Antonio 34-48 0.415 4.50%
Washington 35-47 0.427 3.00%
New York 37-45 0.451 2.00%
LA Clippers (to OKC)42-40 0.512 1.50%
Charlotte 43-39 0.524 1.00%
Cleveland 44-38 0.537 0.50%
The order for the remainder of the first round picks is as follows:
PICK TEAM
15 New Orleans (to Charlotte)
16 Atlanta
17 Brooklyn (to Houston)
18 Chicago
19 Minnesota
20 Toronto (to San Antonio)
21 Denver
22 Utah (to Memphis)
23 Philadelphia^^
24 Milwaukee
25 Boston (to San Antonio)
26 Dallas
27 Miami
28 Golden State
29 Memphis
30 Phoenix (to Oklahoma City)
^ Pick conveyed either to New Orleans, or to Memphis via New Orleans
^^ Pick may be conveyed to Brooklyn
–Field Level Media | https://sportsnaut.com/nba-draft-lottery-rockets-pistons-magic-best-chance-for-no-1/ | 2022-05-16T15:18:38Z | https://sportsnaut.com/nba-draft-lottery-rockets-pistons-magic-best-chance-for-no-1/ | false | 4 |
Want To Play Telehealth? Amwell Shouldn't Be Your Pick
Summary
- Amwell's stock almost doubled from its IPO and has since lost around 74% of its value.
- Up to $250 billion - or 20% - of current US healthcare spend could potentially be virtualized.
- For FY21, the management only expects revenue growth of up to 10% and fails to communicate any plan on reaching profitability let alone earning money.
- With an expected EV/Sales ratio of 6.4, Amwell is relatively fair priced but cannot keep up with its dominant market competitor who outshines Amwell in every metric.
Introduction
Today, we cover American Well Corporation (NYSE:AMWL), a leading telehealth company enabling digital delivery of care for healthcare’s key stakeholders whose stock suffered immensely from the gradual return to a normal life and most importantly how healthcare used to be delivered. Taking the opportunities and risks of Amwell as a foundation, the question for investors is now, whether this company and its stock is a solid play for profiting from the secular growth trend of telehealth.
Investment Thesis
As soon as COVID-19 hit the western world in the beginning of 2020, many businesses and their stocks started to thrive in a world where people relied on technical solutions due to the rigorous restrictions and recommendations of staying at home and reducing the social encounters to the bare minimum. Even the most critical parts of everyone's life such as basic access to healthcare or just seeking counsel or treatment from a doctor or nurse were significantly affected. Hence, consumers, patients and providers had to find new and alternative ways for bringing the appropriate care to the piling unaddressed medical needs of patients.
Consequently, modern care providers such as Amwell or Teladoc Health, Inc. (TDOC) benefitted greatly by filling this gap, providing a convenient, safe and alternative solution for healthcare delivery in the midst of a temporary disruption of how healthcare is delivered and received. In particular, the business as well as the stock of Amwell, which had its public offering in September 2020, benefitted immensely from the high demand of virtual care delivery coming from medical providers and patients as well as the hyped-up prospects generated by many investors. Consequently, the stock almost doubled from an IPO price of around $23 - which was already a high entry point - to around $43 in the end of January, 2021.
From there on, however, the stock tumbled within five months to a share price of just around $11.30, losing 74% of its value. Drivers of this downfall were mainly the shift from investors' focus to reopening plays which are expected to thrive in a reopening economy due to the great success of vaccinations and the steady deceleration of the virus' spread and declining infection rates. Concurrently, the hype around Amwell and other virtual care providers deflated and serious doubts about their role started to develop and their supposed importance in the realm of healthcare delivery slowly dissolved. For Amwell in particular, the stock's downfall accelerated due to weak and disappointing operating performance and weak growth metrics of up to 10% for fiscal 2021.
Looking at the mere stock performance, Amwell's biggest competitor, Teladoc Health, follows suit to Amwell's downward trajectory due to the pessimistic outlook from investors on the importance of the whole telehealth sector. However, Teladoc's plunge of -30% YTD is not as extreme as Amwell's (-55%). Teladoc's better performance can be mainly attributed to the stronger operational performance and more optimistic growth projections.
For now, with the gradual return to a non-pandemic life in most western countries and the U.S. in particular, investors might wonder which potential telehealth companies have in this new old world and whether investors can make money in the long term. Based on the secular growth trends in the telehealth space, telehealth will gain in importance in the long term, and investors will eventually capitalize on it. But only with the right play. The operational figures and outlook suggest that it is not Amwell who will make the most profits in the telehealth space. Disappointing operational performance in the key metrics such as platform visits and active providers meant Amwell is far off from making any money in the foreseeable future or having commodity characteristics in their platform offering. Since all these metrics are already priced into the stock price, (potential) investors might not experience any significant downturn in the near future with the current moderate valuation. However, the most recent financials do not suggest any upside prospects either.
The Opportunity in Telehealth
With the continuing decline of daily infections and the return to a normal life, the question remains how the businesses and the stocks of virtual care providers such as Amwell will develop from this point going forward and whether the overall opportunities outweigh the risks from an investment perspective. One thing is clear, though, healthcare still faces many challenges, as choice and access are limited, care delivery is fragmented and inefficient, and costs continue to rise while health outcomes seem not to be improved. Thus, healthcare's key stakeholders need innovative solutions such as those from virtual care providers that streamline care delivery, lower costs, expand access and improve outcomes. Furthermore, 76% of consumers say that they are now interested in using telehealth services going forward and 74% reported high satisfaction with their telehealth service.
However, another report from Trilliant Health says that only 13% of all Americans made use of telehealth services in the midst of the pandemic. A disappointing figure from a penetration perspective, but also auspicious for further adoption potential. At the same time, McKinsey's updated report on the telehealth industry indicates that the telehealth usage has stabilized and is still increased by 38-fold compared to the pre-pandemic levels but halved from the peak in April 2020. These elevated levels are mainly driven due to higher acceptance of patients and clinicians using such solutions and an improved regulatory environment.
Although the data about the telehealth industry and the adoption rates is still ambiguous and leaves room for interpretation, the outlook looks promising. Namely, telehealth represents a huge market opportunity overall for companies and organizations that dare to change the way healthcare is delivered and consumed. That is, the total annual revenues of US telehealth companies were around $3 billion in the pre-COVID-19 era, representing now a $250 billion market opportunity of virtualized healthcare services. For making these levels of telehealth usage a reality, patients, and clinicians need to adopt such solutions in a sustainable way, as well as care pathways need to be further modernized, so that telehealth solutions can be integrated on scale.
Having said this, does a secular growth trend in the telehealth realm automatically mean that Amwell as a particular player in this space can capitalize on this opportunity? Although this question cannot be fully answered at the current times, looking at the operational performance of Amwell will definitely shed some light on the matter.
Amwell's Operational Business Performance
First of all, Amwell focuses with its Amwell platform on telehealth interaction between healthcare providers as well as those providers and patients. This platform is a digital care delivery solution that equips Amwell's customers with the tools to provide new models of care for their patients and members. Amwell focuses on customers at the enterprise level and aims to provide them the technology and services that those customers need to successfully develop and distribute telehealth programs under their own brands. As of March 31, 2021, Amwell complemented the digital care programs of over 55 health plans, which support over 36,000 employers and collectively represent more than 80 million covered lives, as well as over 150 of the US' largest health systems, encompassing more than 2,000 hospitals.
From a business model perspective, the Amwell platform, which is based on a modular architecture, is sold on a subscription basis, with the option for clients to expand into further telehealth use cases, constituting further subscription revenue potential for Amwell. The subscribable platform is complemented by professional services on a fee-for-service basis and a range of patient and provider access care points that support hospital and home use cases. Such subscription contracts have a duration of typically three years which is a reasonable time for providing predictability.
But in order to continuously grow and become successful, Amwell's performance of the platform depends on a few key factors - Telehealth Utilization, Active Providers, Regulatory Environment, Seasonality and non-Commodity - which need to be approached correctly by the company in order to succeed. For instance, the client's overall utilization of the telehealth services represents the measurable value a client derives from the platform and is decisive for the renewal and potential expansion of the subscription contract. For Q1 2021, the overall visits amounted to 1.6 million compared to 725,000 in Q1 2020.
Following this, the number of active providers - providers that have delivered a visit on the Amwell Platform at least once in the last 12 months - is a key indicator of the usability and usefulness of the platform. Hence, the company does not only need to increasingly engage existing providers but also expand into new and untapped areas of healthcare delivery, so that the overall platform evolves from a mere commodity to a real platform with unique value propositions. For Q1 2021, active providers on the platform amounted to 81,000, almost quadrupled from 24,000 in Q1 2020.
The rapid increases in platform visits and active providers are more than respectable, but according to the outlook, such growth figures cannot be sustained but are essential for the operational success of the company. Hence, the close observation of these figures will be critical for investors in order to correctly assessing in which direction the business is going.
From a financial perspective, Amwell reported a total revenue of $57.6 million for Q1 2021, which is a slight increase of 7% to Q1 2020. Total revenue is composed of $24.6 million in subscription revenue and $27.8 million in visit revenue, an YoY increase of 12.8% and 4.9%, respectively. In terms of profitability, the gross margin remains weak with 38% for a software-based business and adjusted EBITDA of $(26.4) million resulting in a net loss of $39.8 million compared to $25.2 million in Q1 2020. Whereas these operational figures are disappointing, the financial health of the company is much more encouraging with a debt-free balance sheet and net cash of around $800 million. This nest egg gives the company the much-needed leeway for future investments and growth on which the company's success depends on.
Amwell's Q1 financial results
In terms of an outlook, the company expects total revenue between $260 and $270 million (YoY increase of 6-10%) and an adjusted-EBITDA between $(157) - $(147) million (YoY increase of 59-69%). And obviously, the management expects to continue to generate operating losses in the foreseeable future without communicating any plan to increase operational margins let alone earning money.
Amwell's Valuation
Coming to the valuation of Amwell, the company is moderately priced right now with an estimated EV/Sales ratio of 6.4 compared to Teladoc's estimated EV/Sales ratio of 11.7. At the same time, however, Teladoc is expecting to grow 80-85% YoY in revenue paired with an adjusted EBITDA margin of around 13.5%. Conversely, Amwell's revenue looks to increase up to 10% paired with a negative adjusted EBITA margin of -58%. Looking at the important rule of 40 for growth companies, Amwell is far off of fulfilling the criteria for a qualitative growth company. Therefore, it is an easy call for us that Amwell is from a valuation perspective far from being an attractive investment in the telehealth space compared to its most relevant competitor.
EV/Sales (TTM) valuation of Amwell and Teladoc (Source: SeekingAlpha)
Finally, we believe that the realm of virtual care with an emphasis on virtual office visits will be dominated by one or just a few players who on the one hand provide the best overall product offering for addressing the widest range of use cases and on the other hand succeed in creating a real platform which has the characteristics of a unique and distinguishable product and not only a commodity. And for the moment, we do not see any silver lining on the horizon for Amwell.
Conclusion
With an EV/Sales ratio of 6.4x and disappointing top-line growth prospects of up to 10%, Amwell is moderately priced compared to its closest competitor Teladoc which outperforms Amwell in every aspect. Hence, for those who want to invest in the big market opportunity of telehealth, it looks best to go with the incumbent who is already ahead in building a distinguishable platform and has proved to be profitable with still high growth prospects.
This article was written by
Disclosure: I/we have a beneficial long position in the shares of TDOC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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There are risks associated with investing in securities, stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss, including loss of principal. | https://seekingalpha.com/article/4442127-want-to-play-telehealth-amwell-shouldnt-be-your-pick | 2022-05-16T15:22:06Z | https://seekingalpha.com/article/4442127-want-to-play-telehealth-amwell-shouldnt-be-your-pick | false | 1 |
David Milgaard, the victim of one of Canada’s most notorious miscarriages of justice, has died in an Alberta hospital after a short illness. He was 69.
James Lockyer, a Toronto-based lawyer who worked closely on the case and helped found the advocacy organization Innocence Canada, confirmed the death after speaking with Milgaard’s sister on Sunday.
His loss is “devastating for the family,” Lockyer told The Canadian Press.
Milgaard was only 16 when he was charged and wrongfully convicted in the rape and murder of Saskatoon nursing aide Gail Miller, who was stabbed and left to die in the snow in the early morning of Jan. 31, 1969.
He would spend 23 years in prison until his release in 1992.
In his later years, Milgaard helped raise awareness about wrongful convictions and demanded action on the way Canadian courts review convictions.
“I think it’s important for everybody, not just lawyers, but for the public itself to be aware that wrongful convictions are taking place and that these people are sitting right now, behind bars and they’re trying to get out,” he said in 2015.
“The policies that are keeping them there need to be changed. The wrongful conviction review process is failing all of us miserably.”
Lockyer said he and Milgaard met with Justice Minister David Lametti just over two years ago in Ottawa to push for the creation of an independent body to review claims of wrongful convictions.
“I think David’s legacy now is to follow through with that, call it the Milgaard legislation and let’s get it passed, let’s get that independent tribunal. We still don’t have it, but maybe this will put the spur into the Department of Justice to get on with it,” he said in an interview on Sunday.
The establishment of an independent criminal case review commission “to make it easier and faster for potentially wrongfully convicted people to have their applications reviewed” is listed as the top priority in Prime Minister Justin Trudeau’s mandate letter for Lametti in December 2019. The objective is repeated in his mandate letter following the federal election last fall.
Lockyer said it’s up to Lametti to “get moving” on creating the commission.
“They owe it to David Milgaard and they owe it to the wrongly convicted across Canada.”
During their meeting in 2020, Lockyer said the minister asked Milgaard to sign a copy of the Tragically Hip album featuring the song “Wheat Kings,” which was inspired by his case.
Lametti posted a statement on Twitter Sunday, saying Milgaard was a tireless advocate for the wrongfully convicted who wanted to see the system change.
“I am deeply saddened to know that he will not live to see this happen,” Lametti wrote.
The minister added that he would keep his signed copy of the Tragically Hip’s album “Fully Completely” as a memory of Milgaard.
Milgaard and two friends had been passing through Saskatoon on a road trip when Miller was killed.
A year later, he was convicted of murder and sentenced to life in prison.
One of the youngest inmates, the 17-year-old was raped and attempted suicide. He was also shot by police during an attempted prison break.
“It was a nightmare,” Milgaard said in 2014. “People do not have much love and care inside those walls.”
Milgaard was released in 1992 after his mother, who fought relentlessly to clear her son’s name, pushed to get the case heard by the Supreme Court of Canada. The high court threw out Milgaard’s conviction and he was finally exonerated in 1997 after DNA tests proved that semen found at the crime scene didn’t match his.
A man named Larry Fisher was convicted in 1999 of first-degree murder in Miller’s death and sentenced to life in prison, where he died in 2015.
Lockyer said Milgaard’s late mother, Joyce, was “a hero in her own right.”
“The Milgaards have given us a lot, they’ve given Canada as much as any family could have given Canada,” he said.
Peter Edwards, a Toronto Star journalist who helped Joyce Milgaard write a memoir about her fight to see her son exonerated, recalled a moment that he said sticks out in his mind — when Milgaard visited the paper’s newsroom not long after he was released from prison in order to thank Edwards.
It was a rainy day, he said, and Milgaard wasn’t wearing a shirt because he wanted to feel the rain against his skin after missing it for so many years.
The Saskatchewan government issued Milgaard a formal apology and awarded him a $10-million compensation package.
The province also spent $11.2 million on a public inquiry into Milgaard’s wrongful conviction. The final report was released in 2008 with 13 recommendations to reform prosecution and policing in Canada. Among them was a suggestion that the federal government establish an independent review commission to examine claims of wrongful conviction.
Ron Dalton, co-president of Innocence Canada, said Milgaard could have “turned inward and been very soured on life, but he didn’t let that happen.”
He could have walked away from his advocacy after clearing his name, but he “chose to look over his shoulder at the people left behind, the people who were going through suffering,” said Dalton, who was wrongfully convicted and later exonerated in his wife’s death more than 30 years ago.
Milgaard leaves behind two teenaged children, he said in an interview.
Lockyer said he had visited Milgaard at his home in Calgary about six weeks ago and “he was his usual happy self,” talking about the need for an independent commission and current claims of wrongful conviction in Canada.
When he heard about Milgaard’s death on Sunday, Lockyer said he was just leaving a prison in British Columbia, where he had been visiting with a woman whose wrongful conviction claim Milgaard had referred to him.
“I’m going to carry on doing what David wanted me to do, so there’s a legacy too.”
—Brenna Owen, The Canadian Press
RELATED: Creation of wrongful conviction review board edging closer to reality in Canada | https://www.houston-today.com/news/justice-advocate-david-milgaard-imprisoned-on-wrongful-conviction-dead-at-69/ | 2022-05-16T15:22:44Z | https://www.houston-today.com/news/justice-advocate-david-milgaard-imprisoned-on-wrongful-conviction-dead-at-69/ | false | 20 |
Diablo III Tops 65 Million Players - News
by William D'Angelo , posted 55 minutes ago / 183 ViewsBlizzard Entertainment announced the hack-and-slash action RPG, Diablo III, has surpassed 65 million players worldwide since it launched 10 years ago on May 15, 2012 for PC.
"Exactly 10 years ago today, brave Nephalem arrived in the town of New Tristram to investigate a falling star," reads the announcement post from Blizzard. "This discovery would give way to a divine ally and a quest to stop a sinister plot to destroy Sanctuary and the High Heavens.
"Even after the final blow was struck, and Diablo defeated, these same valiant Nephalem continued to protect those in need. We—and Sanctuary—thank you for your decade-worth of valor, dedication, and your vanquishing of endless nightmarish threats to have been birthed by the Burning Hells.
"Remember, this 10-year milestone for Diablo III was made possible by YOU, Nephalem, many of whom have spent countless hours demon-slaying, looting, and creating memorable moments to look back on.
"To show our undying appreciation for the support of more than 65 million Nephalem worldwide over the past 10 years, we have an exciting announcement for the Echoing Nightmare and will be providing a mid-season buff. But first, we want to thank you once more for celebrating the 10th anniversary of Diablo III with us!"
Diablo III released for PC in May 2012, for the PlayStation 3 and Xbox 360 in September 2013, for the PlayStation 4 and Xbox One in August 2014, and for the Nintendo Switch in November 2018.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author on Twitter @TrunksWD.
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Nice, what about current players? I've played a lot but not touched it in more than a year, so saying it has such and such current players will always be more impressive than just we had someone log in 7 years ago for a week and never play again.
Daym, that's a lot. Wish they gave a sales number though, but probably safe to say it's above the previously announced 30 mil.
Oh I remember. I remember not being able to play the game due to Error 37 xD not to mention the auction house when we actually got to play.
Can't believe it's been 10 years already though! The Gamestop I got my copy at was completely packed for the midnight launch. Rivaled only to Halo 3's midnight launch. | https://www.vgchartz.com/article/453645/diablo-iii-tops-65-million-players/ | 2022-05-16T15:22:56Z | https://www.vgchartz.com/article/453645/diablo-iii-tops-65-million-players/ | false | 1 |
Cheapest school uniform deals as Sainsbury’s slashes prices by 20% and shoppers are already stocking up for September
KEEPING the kids looking sharp isn't cheap, but Sainsbury's has slashed the price of school uniforms by 20% for a limited time only.
The discounts will be welcome relief for families struggling to fork out for essentials - but the deal ends soon.
Last year, new laws ruled that schools must make uniforms affordable for parents from August 2022.
Some schools still insist parents buy branded items, when a standard kit would be cheaper.
One school in Kent expected parents to cough up £80 for uniforms but was slammed by parents for being "tone deaf".
The Department for Education said parents can save £50 by buying uniform from a generic store, as opposed to a specialist shop.
And with stores such as Sainsbury's cutting prices by a further 20%, it's easy to see why.
Shoppers can grab bargain items both in store and online from Tu clothing while stocks last, or until May 21 when the offer ends.
You can find your local branch using Sainsbury's store locator.
On top of this, many Tu clothing school uniform products are sold in multipacks, meaning you get even more bang for you buck.
Most read in Money
For example, there's a pack of three white scallop shape collar polo shirts for £2.80 down from £3.50, though only sizes three, four and seven years are left, compared to a three pack from M&S which starts from £7.
A two pack of gingham classic dresses is £8 down from £10 and available in multiple colours depending on your child's school colours.
A three pack of white, short-sleeve school shirts ages three to 16 is £3.20, down from £4.
And a four pack of grey classic shorts for ages three to 12 is £9.60, down from £12.
You can check out the full range of clothes on offer on Sainsbury's website, which has 450 lines to browse through.
Note that some items are online exclusives only, meaning you won't see them in stores, so always check before making a trip.
We found that Sainsbury's beat other supermarkets on school uniform prices where the items are similar.
For example, Tesco sells a two pack of pleated pinafores from £10, whereas Sainsbury's has a pack of four from £14.40, down from £18 - meaning Tu clothing is still the cheaper option even at full price.
Though Asda sells a pack of two pleated school pinafore dresses for £9, which works out at the same as Sainsbury's when the item is full price.
The Sainsbury's sale was shared to the Facebook group Money Saver by Dansway, and shoppers were pleased by the news.
One user said: "Ordered for September!" while others had the same idea to bulk buy pieces before the next school year.
Always shop around before making a purchase to make sure you're getting the best deal possible.
Here's how to claim up to £150 towards a school uniform grant.
Meanwhile, we reveal the yellow sticker bargains that could actually end up costing you more.
Plus, the Queen's Speech announced a crackdown on kids skipping school was unveiled among the blizzard of pledges in today's Queen's Speech.
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Email us at money@the-sun.co.uk | https://www.thesun.co.uk/money/18585786/cheapest-school-uniform-deals-sainsburys-slashes-prices/ | 2022-05-16T15:23:00Z | https://www.thesun.co.uk/money/18585786/cheapest-school-uniform-deals-sainsburys-slashes-prices/ | false | 2 |
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A total lunar eclipse provided a spectacular celestial show as it unfolded Sunday night into early Monday in the Americas.
The eastern half of North America and all of Central and South America were prime locations to see the eclipse, while partial stages were visible across Africa, Europe and the Middle East.
Among those watching the eclipse where skies were clear were residents of Buenos Aires, Argentina, who bundled up in the chilly night and relaxed on blankets in a park to look at the event. In Caracas, Venezuela, some people brought laser pointers as a crowd gathered to watch.
The moon was bathed in the reflected red and orange hues of Earth’s sunsets and sunrises for about 1 1/2 hours, one of the longest totalities of the decade. It was the first so-called “blood moon” in a year.
A total eclipse occurs when Earth passes directly between the moon and the sun, and casts a shadow on the lunar surface. The moon was 225,000 miles (362,000 kilometers) away at the peak of the eclipse -- around midnight on the U.S. East Coast.
There’ll be another lengthy total lunar eclipse in November, with Africa and Europe being the best places to see it, but not the Americas. Then the next one isn’t until 2025. | https://www.theheraldreview.com/news/article/AP-PHOTOS-Lunar-eclipse-thrills-stargazers-in-17175691.php | 2022-05-16T15:23:20Z | https://www.theheraldreview.com/news/article/AP-PHOTOS-Lunar-eclipse-thrills-stargazers-in-17175691.php | false | 21 |
A photo of a black hole at the center of the Milky Way has been unveiled by astronomers working on the Event Horizon Telescope collaboration. Although this isn’t the first time astronomers have photographed a black hole, it is the first time they’ve managed to capture one in our own galaxy.
Black holes are a region of spacetime where gravity is so strong that no particles or light can escape them. They are thought to be found at the center of most galaxies and are created when massive stars explode in an astronomical event known as a supernova. The first black hole was photographed in 2019 and is known as M87* in a galaxy that's 53.49 million light years from earth.
• These are the best cameras for astrophotography
These photos of the black hole known as Sagittarius A* (SgrA*, pronounced sadge-ay-star) confirm scientists' theories based on observations of stars orbiting something invisible and massive. Since black holes absorb all light, we cannot observe the black hole itself but we can see the glowing gas that surrounds a dark central region in a ring-like structure.
Even though this black hole is much closer to Earth than the black hole known as M87* found in the distant Messier 87 galaxy, photographing it proved to be a much bigger challenge. The reason for this is because SgrA* is smaller than M87* so the gas that orbits it takes just a couple of minutes to complete an orbit rather than a matter of weeks so the image is constantly changing.
SgrA* is about 27,000 light-years away from Earth and in order to photograph it astronomers created the Event Horizon Telescope which linked together eight existing radio observatories across the planet to form a single ‘Earth-sized” telescope. Over a series of nights, the EHT observed SgrA*, compiling hours' worth of data just like you would if you were photographing a night sky using bulb mode.
One of the scientists working on the EHT collaboration is Geoffrey Bower from the Institute of Astronomy and Astrophysics, Academia Sinica in Taipei. "We were stunned by how well the size of the ring agreed with the predictions from Einstein's Theory of General Relativity," he said of the observations made by SgrA*.
"These unprecedented observations have greatly improved our understanding of what happens at the very center of our galaxy and offer new insights on how these giant black holes interact with their surroundings."
The results from the EHT findings will be published in a special edition of The Astrophysical Journal Letters and the EHT will continue to expand its network of telescopes. Scientists hope that the ongoing expansion and technological advances will one day enable them tp capture even better photos of black holes and possibly even videos.
Read more:
Best lenses for astrophotography
Best star tracker camera mounts for astrophotography
Best telescopes for astrophotography | https://www.digitalcameraworld.com/news/supermassive-black-hole-at-center-of-milky-way-photographed-for-the-first-time | 2022-05-16T15:23:36Z | https://www.digitalcameraworld.com/news/supermassive-black-hole-at-center-of-milky-way-photographed-for-the-first-time | false | 1 |
Uniswap's UNI/USD price has decreased 3.89% over the past 24 hours to $5.05, continuing its downward trend over the past week of -26.0%, moving from $6.8 to its current price.
The chart below compares the price movement and volatility for Uniswap over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
The trading volume for the coin has tumbled 30.0% over the past week while the circulating supply of the coin has risen 0.65%. This brings the circulating supply to 456.49 million, which makes up an estimated 45.65% of its max supply of 1.00 billion. According to our data, the current market cap ranking for UNI is #34 at $2.30 billion.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. | https://www.benzinga.com/markets/cryptocurrency/22/05/27222250/cryptocurrency-uniswap-decreases-more-than-3-within-24-hours | 2022-05-16T15:24:49Z | https://www.benzinga.com/markets/cryptocurrency/22/05/27222250/cryptocurrency-uniswap-decreases-more-than-3-within-24-hours | false | 664 |
- F45 Training Holdings Inc FXLV has entered into a strategic financing facility with affiliates of Fortress Credit Corp.
- The facility will be funded by a $150 million commitment of debt financing with the potential to increase to $300 million over time.
- The move will allow the company to offer eligible F45 franchisees access to growth capital to develop new F45 studios across the U.S.
- Prospective F45 franchisees can apply for loan financing under the program beginning in Q2 2022.
- “This facility will help streamline the process for our franchisees to source capital and accelerate new studio openings nationwide,” said Chairman and CEO Adam J. Gilchrist.
- Price Action: FXLV shares traded lower by 1.53% at $6.42 on the last check Monday.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. | https://www.benzinga.com/news/22/05/27220633/f45-training-secures-150m-financing-facility-for-us-franchise-expansion | 2022-05-16T15:26:25Z | https://www.benzinga.com/news/22/05/27220633/f45-training-secures-150m-financing-facility-for-us-franchise-expansion | false | null |
(The Hill) – Food and Drug Administration (FDA) chief Robert Califf on Monday said a Michigan plant operated by baby formula suppliers Abbott Nutrition could be up and running again in about two weeks.
After the FDA closed a case into the plant’s safety concerns last week, Abbott Nutrition flagged that it was ready to re-open the plant in two weeks, pending FDA approval. Califf told NBC News’s Savannah Guthrie on the “Today” show that he was “comfortable”with the proposed timeline.
“We now have a path forward,” he told Guthrie. “Abbott is responsible for the timeline, but I’m very comfortable with what they said about two weeks. … That’s entirely within the realm of possibility and I think quite likely.”
A severe shortage of baby formula has led to a panic for families across the country in recent weeks, and last week became a big issue in Washington.
Out-of-stock rates for baby formula products hit 43 percent as of the week ending May 8, according to retail-product tracking company Datasembly.
The shortage got the attention of President Biden, who said last week there was “nothing more urgent we’re working on than that right now.”
Biden also announced efforts from the federal government to increase supply by importing products from abroad and expanding flexibility in the Special Supplemental Nutrition Program for Women, Infants and Children program for low-income Americans.
The Abbott Nutrition plant in Michigan was shut down over safety concerns over possible contamination after four infants were discovered suffered from a rare bacterial infection after ingesting products made from the plant in Michigan. Two of the infants died.
U.S. Secretary of Transportation Pete Buttigieg on Sunday slammed Abbott Nutrition.
“Companies make formula, and one of those companies — a company which, by the way, seems to have 40 percent market share — messed up and is unable to confirm that a plant, a major plant, is safe and free of contamination,” he said on CBS’s “Face the Nation.”
- US hits 1 million deaths from COVID-19
- Curbing energy-related air pollutants could save 50,000 US lives, $600B each year: study
The first reported case of the infection occurred in September and the last in January, according to the FDA, which forced a recall of the products in February. The FDA closed the case on May 12 and said there were no additional safety concerns.
Califf on Monday said safety was the No. 1 priority of the administration as they work to get more products back on shelves.
‘We’re very concerned about this. I’m a grandparent of six grandkids, I have one who is in the formula age,” he said on the “Today” show. “I know how important this is to parents and the entire FDA staff is entirely focused on this. But we also have to be safe.” | https://www.keloland.com/news/national-world-news/fda-chief-quite-likely-abbott-baby-formula-plant-could-be-up-and-running-again-in-two-weeks/ | 2022-05-16T15:29:31Z | https://www.keloland.com/news/national-world-news/fda-chief-quite-likely-abbott-baby-formula-plant-could-be-up-and-running-again-in-two-weeks/ | false | 23 |
Pulse Technologies' HSR™ electrode surface treatment is now part of Cardionomic's Cardiac Pulmonary Nerve Stimulation (CPNS) System for treating heart failure.
QUAKERTOWN, Pa., May 16, 2022 /PRNewswire/ -- Pulse Technologies Inc. has announced that its proprietary Hierarchical Surface Restructuring (HSR™) technology is being utilized as part of Cardionomic's Cardiac Pulmonary Nerve Stimulation (CPNS) System for treating patients suffering from Acute Decompensated Heart Failure (ADHF).
Said Steve Goedeke, CEO of Cardionomic, "Hierarchical Surface Restructuring is an enabling technology for Cardionomic as we develop our novel therapy intended to treat Acute Decompensated Heart Failure."
The groundbreaking HSR™ patented technology modifies the surface of implantable electrodes and microelectrode arrays. The process allows an engineered surface that not only meets clients' precise performance requirements, but can enhance charge storage capacity, increase capacitance, and decrease impedance. HSR™ technology eliminates the risk of delamination, cracking and flaking associated with surface coatings, resulting in unparalleled durability. These improvements can enable smaller devices that have lower material costs and offer patient benefits.
"Our engineered surfaces deliver highly customizable and tunable surface characteristics, as well as durable electrochemical performance for a wide range of neural and cardiac interfacing applications ranging from neuromodulation to cardiac rhythm and cardiac mapping catheters," said Joe Rosato, CEO of Pulse Technologies, Inc. "We are excited to pair our HSR™ technology with Cardionomic's innovative Cardiac Pulmonary Nerve Stimulation System and play a role in treating heart failure."
About Pulse Technologies
Pulse Technologies, Inc. is an advanced technology, engineering and contract manufacturing company focused on active implantable medical device components and assemblies. Since its founding in 1993, Pulse has made significant investment in next-generation capabilities, including specialized surfaces and coatings. For more information on the company and its technologies, please visit www.pulsetechnologies.com.
About Cardionomic
Cardionomic, Inc. is a privately held U.S. company that designs and produces devices to address heart failure. For more information on the company and its products, please visit www.cardionomicinc.com. The CPNS System is an investigational device and is limited by Federal (or United States) Law to investigational use.
View original content to download multimedia:
SOURCE Pulse Technologies, Inc. | https://www.whsv.com/prnewswire/2022/05/16/pulse-technologies-electrode-surface-treatment-chosen-cardiac-device/ | 2022-05-16T15:31:11Z | https://www.whsv.com/prnewswire/2022/05/16/pulse-technologies-electrode-surface-treatment-chosen-cardiac-device/ | false | 16 |
NEW YORK, May 16, 2022 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Oscar Health, Inc. ("Oscar" or the "Company") (NYSE: OSCR) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Oscar Class A common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's March 2021 initial public offering ("IPO" or the "Offering"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/oscr.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1933.
The Complaint alleges that the Registration Statement was materially false and misleading and omitted to state: (1) that Oscar was experiencing growing COVID-19 testing and treatment costs; (2) that Oscar was experiencing growing net COVID costs; (3) that Oscar would be negatively impacted by an unfavorable prior year Risk Adjustment Data Validation (RADV) result relating to 2019 and 2020; (4) that Oscar was on track to be negatively impacted by significant SEP membership growth; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/oscr or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Oscar you have until July 11, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | info@bgandg.com
View original content to download multimedia:
SOURCE Bronstein, Gewirtz & Grossman, LLC | https://www.14news.com/prnewswire/2022/05/16/investor-alert-bronstein-gewirtz-amp-grossman-llc-notifies-oscar-health-inc-oscr-investors-class-action-encourages-shareholders-contact-firm/ | 2022-05-16T15:31:59Z | https://www.14news.com/prnewswire/2022/05/16/investor-alert-bronstein-gewirtz-amp-grossman-llc-notifies-oscar-health-inc-oscr-investors-class-action-encourages-shareholders-contact-firm/ | false | 53 |
MUMBAI: The sci-fi action film 'Attack: Part 1', starring John Abraham, will have its OTT premiere on May 27.
'Attack' is the first Indian super soldier film which features high-octane action, romance, and drama. The film, which also stars Jacqueline Fernandes and Rakul Preet, has been directed by Lakshya Raj Anand.
Lakshya has also co-written the film along with Sumit Batheja and Vishal Kapoor. Speaking on the occasion, John said, "'Attack' is and always will be special to me as it is a one-of-a-kind film presenting India's first super soldier. It is an authentic story from our homeland and at par with the globe's best action films. I am glad that we have ZEE5's support in making this film reach action lovers across the world".
The film tells the story of Arjun Shergill played by John Abraham, an Indian army officer who ends up with permanent paralysis neck down after a terrorist attack and loses everything and everyone dear to him, including his love interest, Ayesha played by Jacqueline Fernandes.
Under the command of the newly introduced technology, Intelligence Robotic Assistant (IRA) chip, in the Indian army, designed and implanted by Sabaha essayed by Rakul Preet, Arjun is able to stand up on his feet again with his mission is to save the Prime Minister of the country from a Parliament attack.
Director Lakshya Raj Anand said, "Witness our film Attack's second innings on India's homegrown OTT platform, ZEE5. India's first super soldier is a film made with a lot of heart, blood, sweat and tears and we hope our efforts reach more and more people via its digital premiere and entertain them thoroughly. Get ready to Attack".
The film, produced by Jayantilal Gadda's Pen Studios, John Abraham's JA Entertainment and Ajay Kapoor Productions, will drop on OTT platform ZEE5 on May 27.
SOURCE: IANS | https://www.tellychakkar.com/movie/movie-news/john-abraham-starrer-attack-part-1-set-ott-premiere-may-27-220516 | 2022-05-16T15:32:09Z | https://www.tellychakkar.com/movie/movie-news/john-abraham-starrer-attack-part-1-set-ott-premiere-may-27-220516 | false | 5 |
China's Power Use Down 1.3 Percent In April
Sumaira FH Published May 16, 2022 | 07:44 PM
China's electricity consumption, a key barometer of economic activity, recorded a slight decline last month, official data showed Monday
BEIJING, (APP - UrduPoint / Pakistan Point News - 16th May, 2022 ) :China's electricity consumption, a key barometer of economic activity, recorded a slight decline last month, official data showed Monday.
Total power use dropped by 1.3 percent, year on year, in April to 636.2 billion kilowatt-hours (kWh), said the National Energy Administration.
Power consumed by the Primary industry increased by 5.
5 percent year on year, while that used by the secondary and tertiary industries shrank by 1.4 percent and 6.8 percent, respectively.
Residents' power consumption saw a year-on-year increase of 5.5 percent to 83.7 billion kWh in April, the administration said.
In the first four months of the year, China's power consumption topped 2.68 trillion kWh, up 3.4 percent from a year ago. Residents' power use rose 10.5 percent year on year in the period.
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All rights of the publication are reserved by UrduPoint.com. Reproduction without proper consent is not allowed. | https://www.urdupoint.com/en/world/chinas-power-use-down-13-percent-in-april-1511174.html | 2022-05-16T15:39:12Z | https://www.urdupoint.com/en/world/chinas-power-use-down-13-percent-in-april-1511174.html | false | 1 |
It’s an option for couples struggling with infertility that’s been around for decades, but embryo adoption is still relatively unheard of even though it’s among the more affordable options.
Elizabeth and Marty Wilson chose embryo adoption and couldn’t be happier.
Their daughter Marly, now five, was born from an embryo that was frozen for more than a decade.
The Wilsons, who have been married for 17 years, decided to expand their family five years into their marriage.
Elizabeth, 38 at the time, became pregnant with Emily, an easy process.
"No fertility treatments, no problems, normal, she was full term," she said.
Two years after Emily's birth, the Wilsons decided to try for baby number two.
"And that's when the struggling started,” Elizabeth said.
After three years of trying, the couple knew their chances of conceiving were slim.
"She was capable of conceiving a child, there was just a challenge with the number of eggs that were available,” Marty said.
Elizabeth and Marty first started an online search for traditional adoptions. Then, they learned about embryo adoption.
It's when an embryo created for in vitro fertilization is adopted, then transferred into the adoptive mother, who carries the baby to full term.
The Wilsons knew it was the perfect fit.
They joined Snowflakes, a Christian Embryo Adoption Program. They match embryo donors with adoptive families.
"What we have found is the longer people store their embryos, the more likely they are to abandon them over time,” said Snowflakes' Vice President, Kimberly Tyson. “This is going to amaze you but in my estimation, it’s well over one million embryos in frozen storage.”
Tyson says this could also be due to fertility clinics not informing clients about embryo adoption. She says this form of adoption is among the most cost-effective at around $9,000. A traditional, domestic adoption can cost up to $35,000.
After months of paperwork and home interviews, the Wilsons were matched with their embryo.
The embryo had been frozen for 18 years.
After a successful embryo transfer, the rest is history.
"After she was born, she's a member of the family just as much as Emily is biologically,” said Elizabeth.
Elizabeth and Marly hope sharing their story will inspire others to keep their options open. | https://www.newschannel5.com/news/national/embryo-adoption-is-more-cost-effective-ivf-treatment | 2022-05-16T15:42:55Z | https://www.newschannel5.com/news/national/embryo-adoption-is-more-cost-effective-ivf-treatment | true | 21 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nba/dallas-mavericks/articles/39512282 | 2022-05-16T15:42:56Z | https://sportspyder.com/nba/dallas-mavericks/articles/39512282 | true | null |
What Do I Get?
A Premium Domain Name
BrandBucket names are curated by branding experts.
Professionally Designed Logo
A creative logo created by a highly-skilled logo designer.
Transparent Pricing
No hidden fees, no escrow fees. Guaranteed delivery.
What's Next?
Checkout Securely
We accept all major credit cards, Bitcoin or wire transfers.
Follow Transfer Instructions
An agent will contact you with personalized information.
Confirm Delivery
Payment is held in escrow until you've received the name.
Frequently Asked Questions
What happens after I purchase a domain name from BrandBucket?
Every name on the BrandBucket marketplace is exclusively listed with BrandBucket. That means that all of our sellers are very
responsive, making for quick domain transfers.
A dedicated BrandBucket agent will manage your domain transfer from beginning
to end, ensuring a secure and easy transaction. They will manage the receipt of the domain into one of BrandBucket’s secure registrar
accounts and then complete the transfer to you.
1. Verification and registrar choice
After we receive the payment and verify it, we will reach out via email to confirm which registrar you want the domain transferred to.
We also provide a link to our tracking system, where you can communicate with us, check on the status of your transfer, view your invoice,
and download your logo files.
In most cases, if a domain is moved between accounts at a single registrar, the transfer is quick and usually completes within 48 hours. If a domain changes registrars (in other words, you would like to move it away from where it is currently registered), the transfer is slower. The total transfer time can then be anywhere from 48 hours to 7 days.
BrandBucket has vetted and supports the following registrars:
- GoDaddy
- Namesilo
- Uniregistry
- NameCheap
- Google Domains
- Name.com
- Amazon Route 53
- 123 Reg
- Gandi
- Dynadot
2. We request the name from the seller.
Once we know where you would like the domain transferred, BrandBucket will request the domain from the seller. All of our sellers are very
responsive, making for a quick process.
3. Transfer the name into your account
As soon as we receive the name from the seller, we start the transfer into your account and guide you through the whole process.
4. Verify with the buyer that the transfer is complete
Once we confirm that you have received the name, we consider the escrow process to be complete. Only then do we release payment to the
domain seller.
What happens after I lease a domain name from BrandBucket?
The BrandBucket lease-to-own program is available as an alternative to purchasing the name outright. You're able to buy the domain name with over monthly installments, and at the end of the lease period, if all payments are complete, you would be the new owner of the domain name.
Once you complete the checkout process for a leased domain, you will be contacted by a BrandBucket agent who will help manage your lease. The domain will be transferred from the seller to a BrandBucket escrow account, ensuring a secure hold on the domain during the lease term. We will transfer the domain to you once all payments are complete.
During the lease, you're entitled to use the domain name for your website and email; your agent will guide you through that.
Each month you will continue to receive an invoice with a balance statement. You have the right to cancel the lease any time or complete all payments early to own the domain outright.
Why choose BrandBucket?
Established in 2007, we are the original business name marketplace. Every year, we sell 1000s of premium domains to entrepreneurs and businesses like you.
All of our domain names are handpicked by branding and linguistics experts based on rigorous criteria. You can rest assured that if a domain is on the BrandBucket marketplace, it is a top-tier business name.
Almost one out of every four names sold on BrandBucket is sold to a repeat buyer or a referral, which means that people who buy from us once, keep coming back for more.
Why choose a .com domain name from BrandBucket?
The .com extension is a brand in itself. As the default domain extension of the internet, having a .com domain that is an exact match to your brand
name has numerous advantages:
- Familiarity - People are familiar with .com. Most of the brands and websites they already trust, use the .com extension. Therefore, it serves as a subtle indicator that your business is a legitimate one. A recent study by the NCC Group, a global expert in cybersecurity and risk mitigation, found that roughly half of the consumers are uncomfortable visiting websites ending with a non .com extension, and only 9% are comfortable doing so.
- Brand Protection - When you own the .com version of a domain name, you have the official online version of that name. Owning an exact-match .com can protect your brand name, as it is unlikely another serious business would use the same name when the .com extension is taken.
- Easy to Communicate - .com domains are also easy to communicate. When people hear or see your business name without a TLD, they will inevitably assume it ends in .com, making it easy for them to find you online.
What can I do with the domain I purchase from BrandBucket?
Once you have received the name into your registrar account, you will be able to:
- Use the domain as your website address.
- Setup email addresses, for instance, sales@aquamura.com.
- Use the domain and logo on business cards and other materials.
If you don’t have a website built yet, you can put up a simple coming soon page, or you can just leave it until you are ready. You don’t need to do anything right away. Because you own the domain name, you can take your time.
Are logos included with my BrandBucket order? Can I request edits?
Our talented community of logo designers designs all logos on the BrandBucket marketplace. They are paid for their efforts, and BrandBucket owns all copyrights for the logos. We will transfer the full copyright for the logo to you upon purchase of the domain name.
Logo files are delivered to you in the following formats:
- High-resolution image file (PNG)
- Editable vector file (.AI)
Editing your design
Vector (AI) files are entirely editable in programs such as photoshop and illustrator, so you or your designer can make desired changes. If needed, we can make basic color changes/small tweaks to the logo for you after purchase. If you are looking for a complete redesign, we can connect you with a designer from our talented design community at their discretion and price.
Is a domain name from BrandBucket 100% unique?
All of our business domains are carefully chosen for their standout branding qualities. There is only one aquamura.com. However, there may well be other businesses that are using the same brand name. In fact, with common keyword names, it is likely. That is why owning the .com is so essential. In holding the .com, you immediately establish your business as the most official version of that name. It's unlikely any serious business is going to use a brand name where the .com domain is already in use. Many companies believe that owning the matching .com version of a business name provides more protection for their brand than a trademark.
Are BrandBucket domain names trademarked?
No, and it’s not possible for us to do so. Trademarks are industry and region-specific, and to file a trademark for a name or logo, you must already be doing business as that name. Because of this, we can't trademark a name before your company is actively using it. Therefore, you will need to apply for trademark registration after you have purchased the name.
Do I have to keep my name registered when I purchase a name from BrandBucket?
When you purchase a domain from BrandBucket, you will own it 100%. However, all domain names worldwide must be kept registered at a registrar like Godaddy or similar that you choose. You will pay the registration fees to whichever registrar you decide to use. The price of registration varies at each registrar, but it generally ends up being around $10-15 per year for a .com domain name. Registration is annual but can be paid up for years in advance, which we suggest you do.
Does BrandBucket offer refunds?
BrandBucket serves as a third-party marketplace and escrow agent for domain names. We only offer refunds if either of these two conditions are met:
- The buyer contacts us within 24 hours of purchase requesting a refund.
- The seller fails to initiate the domain name transfer within 10 business days from the time of purchase.
Buyers are advised to perform all necessary diligence prior to making a purchase.
Is my BrandBucket purchase confidential?
Your purchase is 100% confidential. Any personal information you share with BrandBucket is kept private, even from the domain seller. We never publicize any sale on our marketplace.
What's the difference between a brand name, registered name, and a domain name?
Brand Name
A brand name is a name that you use to identify a family of products, services, or a single line of products or services that a company offers. For instance, Apple is the brand name used on most products manufactured by Apple, Inc. In this example, the business name and brand name are the same, a common use case.
Your brand name is who you are to your customers. It is the pillar your business's public image will be built around. The products or services you offer can also have their own brand names. You may want to create new brand names for products or services that differ from your core business offering, for example:
- UberEats - Food delivery by Uber
- Amazon Web Services - Cloud computing from Amazon
- Google Maps - Web mapping service from Google
Registered Business Name
A business name is the legally registered name of your business. You'll use your business name to create contracts, open bank accounts, pay taxes, and any other administrative related activities. Most business names contain the business's brand name, followed by the company's chosen business structure, for example:
- Walmart Inc.
- Verizon Inc.
- Grasshopper LLC
However, they don't necessarily have to be the same. In some cases, the business name is completely different from the brand name. This is most common in large businesses that have multiple brands housed under a single parent company, for example:
- Brand Name: Google
- Business Name: Alphabet Inc.
- Brand Name: MailChimp
- Business Name: The Rocket Science Group LLC
Domain Name
A domain name is your website name - the internet address where people can access your website. Think of a domain as the address to the online version of your business. Every domain is one-of-a-kind. No website has the same web address as another website.
Ideally, your domain name should be an exact match to your brand name. Think of your favorite companies. Odds are, their domain name is identical to their brand name. Apple's domain name is Apple.com; Amazon's domain name is Amazon.com. Having a matching domain ensures that people can easily find your brand online.
What are the benefits of a premium business name?
What can a top brand name with a matching .com do for your business? Here are few of the many advantages of owning a premium business domain:
Trust - Online, there are subtle clues that all of us subconsciously take into consideration to determine whether or not a business is legitimate and trustworthy. Having a great business name paired with a matching .com (by far the most trusted domain extension) signals to customers that you care about and are willing to invest in your brand. It makes your business and your brand messaging easier to trust.
Authority - Owning a .com version of a fantastic brand name is a big signal to the world that your business means business, right out of the gate. This can lead to accelerated customer acquisition, more industry partnership opportunities, and press attention.
SEO - Having a business domain that matches what customers are using in searches can lead to increased SEO, higher page ranking, and better quality traffic.
Retention - Brand retention is critical for organically acquiring and keeping customers. A short, catchy, and unique business name makes your brand easier to remember, and having a matching .com means that consumers who hear about you offline will find you easily online.
Save on marketing spend - Investing in a premium domain can save you a fortune in marketing spend down the line. You'll spend less of your valuable marketing budget and efforts on brand awareness, as your name will do much of the work for you.
How does BrandBucket price domains?
Our customers are primarily entrepreneurs looking for a quick and easy way to find a great brand name for their company. That's why when evaluating and appraising domain names, our central focus is whether they would also make great business names.
What makes a great brand name? Here are some of the branding and linguistic traits we take into consideration:
- Length - Great names are concise and to the point. The shorter, the better!
- Common phrase/expression - Names that are based on real phrases and expressions make great brand names because of their built-in familiarity and inherent catchiness.
- Letter order - Some letters are more valuable than others and better together, especially when it comes to the first letters of a name.
- Pronunciation and spelling - Names should be easy to say and understand. It should also be spelled as it sounds.
- Industry match - Names should be a good fit for a particular industry, or be broad enough to attract buyers from multiple sectors.
- Longevity - Great brand names are broad enough in scope to grow with a company as it expands and not die when trends fade.
- Uniqueness - Great brand names are easy to spot because they stand out in a crowd.
- Memorability - A brand name is no good unless people can easily remember it.
These criteria, along with historical sales data and current marketplace conditions, are used to determine whether a name is accepted to our marketplace, and how it's priced. Every name on our marketplace must score high in most or all of these categories to even be accepted. With an acceptance rate of only 10% of names submitted to our marketplace, BrandBucket sets a very high bar for the names we select.
Other Names You May Like
The following are business names for sale with similar qualities to aquamura.com
Browse Business Names by Style or Industry
Find the perfect business name for your industry, sector or style. | https://www.brandbucket.com/names/aquamura | 2022-05-16T15:47:21Z | https://www.brandbucket.com/names/aquamura | false | 7877 |
Guardian Capital LP trimmed its stake in shares of Airbnb, Inc. (NASDAQ:ABNB – Get Rating) by 15.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,508 shares of the company’s stock after selling 817 shares during the quarter. Guardian Capital LP’s holdings in Airbnb were worth $751,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in ABNB. Baldwin Brothers LLC MA acquired a new position in shares of Airbnb in the 4th quarter worth approximately $25,000. Ibex Wealth Advisors bought a new position in Airbnb during the third quarter worth $28,000. First Horizon Advisors Inc. lifted its stake in Airbnb by 77.2% during the third quarter. First Horizon Advisors Inc. now owns 349 shares of the company’s stock worth $31,000 after purchasing an additional 152 shares during the last quarter. MFA Wealth Advisors LLC acquired a new position in Airbnb in the third quarter worth $34,000. Finally, PSI Advisors LLC bought a new stake in Airbnb during the third quarter valued at $40,000. 34.66% of the stock is owned by institutional investors.
ABNB has been the subject of several research reports. Susquehanna decreased their price target on shares of Airbnb from $235.00 to $190.00 in a report on Thursday, May 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on Airbnb from $150.00 to $155.00 in a research report on Wednesday, May 4th. Citigroup upgraded Airbnb from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $214.00 to $200.00 in a research note on Wednesday, April 20th. DA Davidson increased their price objective on shares of Airbnb from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, February 16th. Finally, Evercore ISI raised their target price on Airbnb from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Wednesday, February 16th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $196.22.
Shares of Airbnb stock traded down $6.76 during trading on Monday, hitting $114.69. The stock had a trading volume of 80,987 shares, compared to its average volume of 6,393,546. Airbnb, Inc. has a 1 year low of $111.22 and a 1 year high of $212.58. The stock has a 50 day simple moving average of $155.94 and a 200 day simple moving average of $164.58. The company has a quick ratio of 1.95, a current ratio of 1.61 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $73.73 billion, a PE ratio of 102.82 and a beta of 0.27.
Airbnb (NASDAQ:ABNB – Get Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.24. Airbnb had a net margin of 12.12% and a return on equity of 18.51%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the business posted ($1.75) EPS. The company’s revenue was up 70.1% on a year-over-year basis. As a group, equities analysts expect that Airbnb, Inc. will post 1.88 earnings per share for the current fiscal year.
Airbnb Profile (Get Rating)
Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.
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Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. (NASDAQ:ABNB – Get Rating).
Receive News & Ratings for Airbnb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airbnb and related companies with MarketBeat.com's FREE daily email newsletter. | https://www.com-unik.info/2022/05/16/airbnb-inc-nasdaqabnb-shares-sold-by-guardian-capital-lp.html | 2022-05-16T15:53:39Z | https://www.com-unik.info/2022/05/16/airbnb-inc-nasdaqabnb-shares-sold-by-guardian-capital-lp.html | false | 1 |
The state of Massachusetts has agreed to a $56 million settlement to compensate victims and families for the tragic COVID-19 outbreak at the Holyoke Soldiers' Home.
Governor Charlie Baker said he wants to provide closure for families of those veterans. At least 76 veterans died amid the outbreak there in 2020.
Matt Murphy from the State House News Service explained what must happen next before the families receive their checks.
Matt Murphy, State House News Service: Well, the lawyers in this case will go before the federal judge who heard the complaint this week, present the settlement, explain how they arrived here and presumably get the approval of the judge.
And then the governor will have to file for funding and a supplemental budget later this year to cover the cost of this settlement with the Legislature. But, as you mentioned, the governor [and] his administration reaching this deal with the families — 84 families in total, who lost loved ones, will be getting payments out of this settlement. And the governor said that he hopes this brings closure to the family by not forcing them to go through a trial and a legal process here and relive all of these painful memories.
This will result in payments of $400,000, $500,000 on average to the families. And even those who did not lose loved ones, but whose loved ones contracted COVID-19 while under the care of those in charge of the Holyoke Soldiers' Home during the outbreak, will also receive smaller sums as part of this deal.
On another topic, Baker in late 2020 vetoed legislation to expand abortion access in the state, saying that it went too far. But he says he is absolutely open to discussing protections for health providers who offer abortion care to patients in other states — states where abortion could become illegal should Roe v. Wade get overturned. So is there enough time to get a majority of lawmakers on board?
There is. What we're hearing a lot about, though, is dependent on what happens with the Supreme Court. Governor Baker said after the decision that he was troubled by the draft opinion from the court that would overturn Roe v. Wade and that he was open to something like the law that Connecticut passed and Governor Ned Lamont signed. But that Connecticut law came in response to a Texas law, and what Connecticut officials were worried about were people perhaps traveling to Connecticut seeking abortion services.
What we're hearing now from [Massachusetts] lawmakers, advocates, is that they don't want to rush into something. They want to see the finalized Supreme Court decision, what it looks like, the exact details before they craft — or if they craft — a response to it. So, depending on the timing of that decision coming out and being finalized, we could see something this session.
Senate President Karen Spilka said last week that the Senate is looking at language in the Senate budget. We don't know exactly what she was referring to and that will be debated in two weeks. They could be looking to do some small things. We know that they've created a separate line item in this year's budget — the Senate proposing $2 million to improve access for family planning clinics. The House also has money in its budget, so this is one way lawmakers are responding to the leaked SCOTUS draft.
And finally, barely a month or so into the Russian invasion into Ukraine, Massachusetts lawmakers allotted $10 million to help resettlement agencies in the state prepare for an influx of refugees. It's now months into the fighting and that funding has not been released to the organizations who do that work. And now there's a disagreement over how the money can be used. Where's the confusion and who can sort this out?
The resettlement agencies want to be able to use this funding to support all of their clients. This would be refugees coming from Ukraine, but also from Afghanistan, from Haiti, and from other South American and Central American countries fleeing violence and coming into the United States. Since this money was approved, there has been a disagreement in the office about whether or not it was intended by the Legislature to be used explicitly for Ukrainian resettlement.
But the two sides, I'm told, are working together. Late last week, the [Baker] administration said that the Office for Immigrants and Refugees was working on revising its criteria for how this money could be used. And they hope to get the money out "expeditiously." So while lawmakers are preparing to address this and provide some clarity in the Senate budget next week, it may not be necessary. | https://www.nepm.org/regional-news/2022-05-16/court-approval-state-funding-needed-before-holyoke-soldiers-home-families-will-see-covid-19-settlement-money | 2022-05-16T15:54:07Z | https://www.nepm.org/regional-news/2022-05-16/court-approval-state-funding-needed-before-holyoke-soldiers-home-families-will-see-covid-19-settlement-money | false | 1 |
Snapchat's New Crying Face Filter NOT Inspired by Amber Heard
A new popular Snapchat filter depicts users as a crying, blubbering mess -- leading the Internet to believe it might be inspired by Amber Heard ... a theory that's total BS. If you use the ghost app regularly, you've probably seen this feature by now -- it's an augmented reality lens...
www.tmz.com | https://www.newsbreak.com/news/2600553938207/snapchat-s-new-crying-face-filter-not-inspired-by-amber-heard | 2022-05-16T15:55:34Z | https://www.newsbreak.com/news/2600553938207/snapchat-s-new-crying-face-filter-not-inspired-by-amber-heard | false | null |
Reilly's Rules For Turbulent Markets
Summary
- If you are struggling, we would caution you about watching the news - particularly the political drivel. Do not let the news get to you. Filter the information.
- The important thing to do is analyze who we think the winners will be in this environment of inflation, higher food and oil prices and geopolitical upheaval.
- We're still in negative gamma, and that works both ways - big moves up and down. Things are still volatile, especially if we fall below 4000, which gives us a real chance at a capitulation selloff.
Good investing is overwhelmingly just about how you behave. It’s about your relationship with greed and fear, how gullible you are, who you trust, who you seek your information from, your ability to take a long term mindset, long-term time horizon. That’s what actually matters. That’s what moves the needle more than anything else.
- Morgan Housel
I know we said this last week, but we felt the need to emphasize it again. We have spent a lot of time answering emails and taking phone calls. Most of the calls have been from my more aggressive investors looking to cautiously add to their holdings and take more risk. They tend to be right over time.
If you are struggling, we would caution you about watching the news - particularly the political drivel - see above. Do not let the news get to you. Filter the information. When the seas get rough, I have two basic underlying thoughts.
Basic Underlying Thought #1
Long-term mindset - Idiots have been in charge in Washington, DC since George Washington. We have survived and thrived as a country not because of our leadership but in spite of them. We will do it again.
Example: The Russian sanctions over Ukraine. It is pure idiocy. We are effectively sanctioning ourselves. The IEA reported last week that Russia’s oil revenues are up 50% this year. The sanctions have pushed oil prices to their highest level in a decade. The US and Europe were not ready for war with Russia, but Putin was ready. I don’t care. The important thing to do is analyze who we think the winners will be in this environment of inflation, higher food and oil prices and geopolitical upheaval - i.e., Arab Spring.
Basic Underlying Thought #2
Manage your fear. The stock market is rigged. It is rigged in your favor. On an annual basis, the stock market goes up 78% of the time. So many people benefit when the stock market goes up. Pension funds, insurance companies, individuals and the government all benefit from higher asset prices. Could it be that the Federal Reserve would like them to go down for a time? Perhaps cool off the speculative excess. That is their job. That’s what they are doing. Betting on the end of the world is a bad bet.
We told you months ago that we are in an 18-month trading range and a bear market. Our options research has been spot on and has helped us navigate through the market's twists and turns. We are still in negative gamma, and that works both ways - big moves up and down. So far, our trading range is holding. The S&P 500 hit 3857 for the low this week. Our range has been 3800-4800. We are now 5 months into this bear market. Things are still volatile - especially if we fall below 4000 - which gives us a real chance at a capitulation selloff. Things have been very orderly so far. The cracks we have seen have been exposed in the far-riskier portions of investing classes. The next chance for the market to get a clean slate and move back into positive gamma is May 20th. Patience is the key. The average drawdown for the market is 13%. That should happen every year. We had a 20% selloff in late 2018. We had a 35% selloff in 2020. We were prepared for those drawdowns and took advantage. We were underweight stocks again and are prepared to add stocks at a discount. The market is working off the excessive valuations. Are we there yet? The trading range is the bulk of where trading should take place over the next 13 months. Could it move lower than our 3800 target? Yes, and that is where the opportunity lies.
Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors. | https://seekingalpha.com/article/4512030-reillys-rules-turbulent-markets | 2022-05-16T15:58:38Z | https://seekingalpha.com/article/4512030-reillys-rules-turbulent-markets | true | 1 |
Altus Power, Inc. (AMPS) Management on Q1 2022 Results - Earnings Call Transcript
Altus Power, Inc. (NYSE:AMPS) Q1 2022 Results Conference Call May 16, 2022 8:30 AM ET
Company Participants
Chris Shelton - Head of Investor Relations
Lars Norell - Co-Founder and Co-CEO
Gregg Felton - Co-Founder and Co-CEO
Dustin Weber - Chief Financial and Operating Officer
Conference Call Participants
Justin Clare - ROTH Capital Partners
Ryan Levine - Citi
Operator
Good morning and welcome to the Altus Power First Quarter 2022 Conference Call. As a reminder, today's call is being recorded and participants are in a listen-only mode. [Operator Instructions]
At this time, for opening remarks and introductions, I would like to turn the call over to Chris Shelton, Head of Investor Relations. Thank you, sir. You may begin your presentation.
Chris Shelton
Good morning and welcome to Altus Power's first quarter 2022 earnings call.
Speaking on today's call are Gregg Felton, Co-Chief Executive Officer of Altus Power; and Dustin Weber, Chief Financial Officer. In addition, Co-Chief Executive Officer, Lars Norell will be joining us for Q&A.
This morning, we issued a press release and a slide presentation both of which can be found on our website, www. altuspower.com in the Investor section, it's also available on the SEC’s website. As a reminder, our comments on this call may contain forward-looking statements. These statements refer to future events including Altus Power's future operations and financial performance.
When used in this call, the words anticipate, enable, expect, believe, potential, will, should and similar expressions as they relate to Altus Power are as such a forward-looking statements. These statements are subject to various risks and uncertainties. Actual results could differ materially from those predicted in the forward-looking statements.
Altus Power assumes no obligation to update these statements in the future or as circumstances change. For more information, we encourage you to review the risks, uncertainties and other factors discussed in our SEC filings that could cause our actual results to differ materially from our current expectation.
Additional information concerning factors that could cause actual results to differ materially from those discussed during our conference call or in today's press release and slide deck can be found in the company's Form 10-K, filed on March 24, 2022, with the SEC and other documents filed by the company from time to time, including the company's quarterly report on Form 10-Q filed today.
During this call, we will also refer to adjusted EBITDA and adjusted EBITDA margin which are non-GAAP financial measures. Our management team uses these non-GAAP financial measures to plan monitor and evaluate our financial performance and we believe this information may be useful to our investors. These non-GAAP financial measures exclude certain items and should not be considered a substitute for comparable GAAP financial measures.
Altus Power's methods of computing these non-GAAP financial measures may differ from similar non-GAAP financial measures used by other companies. More detailed information about these measures and reconciliation from GAAP net income to adjusted EBITDA is contained in the press release issued today, which is available in the investor section of our website and was furnished on form 8-K with the SEC.
Finally, for clarity while our slide deck is meant to provide a helpful illustrations for our prepared remarks, neither Greg nor Dustin will reference them directly. And with that, I'm pleased to turn the call over to Gregg Felton The co-Chief Executive Officer of Altus Power.
Gregg Felton
Thanks Chris and a warm welcome to everyone joining our call. I want to begin by thanking the entire Altus team for their tireless hard work. Their continued dedication positions Altus for success each and every day, and we believe is ultimately responsible for driving our long-term growth.
Today, I'm pleased to report that our first quarter results position us well to meet our 2022 adjusted EBITDA guidance of 57 million to 63 million and achieve our adjusted EBITDA margin in the mid 50% range. We also continue to progress on our over 1 gigawatt pipeline, and I look forward to offering further detail on our customer engagement and pipeline segmentation in a few minutes.
First, let me offer some commentary on first quarter results. Our adjusted EBITDA guidance was designed with quarterly fluctuations in mind, driven by the seasonality of our business. We anticipated first quarter would be our lightest for revenue and EBITDA margin. And that the remaining quarters in 2022 will be characterized by higher revenue and expanded EBITDA margin, which we expect will allow us to achieve our adjusted EBITDA range for the year.
Seasonality of our portfolio is attributable to the fact that 51% of our existing megawatts are located in Massachusetts and New Jersey where winter months have much shorter daylight hours. And therefore the economics for these projects are weighted toward the second and third quarters. There is also seasonality present in our construction program where our team shows the highest efficiency during the second and third quarters resulting in new projects being completed in third and fourth quarters.
Finally as forecasted, our 2022 adjusted EBITDA guidance contemplated a step up in general and administrative overhead expense in anticipation of growth opportunities and we saw the effect of those increased costs during the first quarter.
Today I'm looking forward to addressing topics which are critical to Altus and the strong demand we see for many of our projects. These topics include an update on client engagements, the evolving economic argument for solar, a description of community solar, which we believe is quickly expanding the reach of our projects into the residential segment, and finally, an update on our project pipeline and construction progress. After that Dustin will take you through our financial highlights followed of course by your questions.
Starting on client engagement, in just seven weeks since our fourth quarter call, our origination team has been in continuing discussion with new potential customers.
In many cases, these are bilateral introductions fostered by CBRE with counterparties who want to take advantage of solar without the distraction of their time or commitment of their capital away from their primary business. We believe this is the opportunity that Altus offers and with Blackstone and CBRE’s collaboration, we're now offering solutions to more and larger prospective customers than we have in the past. We look forward to updating you in future quarters as we begin to convert these potential customers.
An additional aspect of client engagement I'm pleased to share is that we're seeing signs of Altus’s growing brand recognition among commercial customers. In several cases, prospective customers have seen announcements like our partnership with Trammell Crow and have contacted us directly to inquire whether Altus can offer a similar solution for their portfolios of either existing buildings or development sites.
Now, I want to address the current economic argument for solar and why the demand we're seeing for our projects is currently the strongest in our company's history. Our commercial customers are proactively trying to reduce their carbon footprint to achieve their sustainability goals and their drive to decarbonize is now accelerating, thanks to rising electricity prices. The US Government's 2022 Annual Energy Outlook revised its forecast for electric transmission and distribution rates upward by over 4% versus the 2021 report, and we expect the current inflationary pressures impacting material and labor to exacerbate these projected increases.
A more immediate upward pressure on utility rates is the rapid rise of natural gas prices we're witnessing across the U.S. and globally. Natural gas has become a prominent feedstock for electricity generation over the past 5 to 10 years, as coal and nuclear plants have been decommissioned. Over the past few months, natural gas prices in the U.S. have exploded higher to levels not seen since 2008. Unless prices fully revert, utilities across the United States will be required to purchase natural gas at elevated levels, which should ultimately get reflected in their customer’s electricity bills. We believe the pressure on utility rates will expand the economic advantage of solar.
Altus benefits from a unique tailwind associated with these rate pressures, due to our variable rate power purchase agreements, or PPAs, which have rates that increase and decrease at a discount to the prevailing utility rate. Our variable rate contracts make up approximately 60% of our current installed portfolio. We're happy to sign either fixed or variable rate contracts, but the long-term expected increase in utility rates is precisely why we prefer these variable rate contracts. We believe the increased revenues of the recent rate increases will take a few quarters to filter into our revenues, as utilities gradually pass those costs through on a deferred basis.
Turning now to a discussion on our expanding customer base, my remarks to this point have focused on our commercial and industrial customers. Another source of customers is our growing portfolio of community solar, which includes residential customers who sign up as off-takers for our commercial scale projects.
Currently, about 11% of our installed portfolio or almost 40 megawatts is powering over 5,000 community solar customers, and we expect to see significant growth in this customer segment over the next few years. Some of our most recent contract wins have been portfolios of community solar projects, many of which are in our construction pipeline. Given the growth we're anticipating from this segment over the next few years, I'd like to provide further detail on these relationships.
Community solar is available in utility territories where the utility commission has approved a net metering tariff. Eight of the 18 states in our footprint currently have such tariffs in place with our largest markets including Massachusetts, New Jersey, and Minnesota. Community solar customers receive the economic benefits of solar power at essentially a bulk discount, since our projects enjoy economies of scale when compared to residential solar rooftop projects.
In addition, there's a social benefit by allowing Altus to reach customers who either live in apartment buildings or can't otherwise qualify for a residential rooftop project. Community solar programs socialize the benefits of discounted clean electricity by allowing Altus to service a broad segment of the community. For these reasons, we look forward to more opportunities to serve community solar customers across our footprint, as well as the potential to expand into additional states that enable net metering tariffs.
We hope these additional details on our contract types, sensitivity to utility rates as well as community solar opportunities, all provide better understanding of our business.
I'd like to give additional details regarding our pipeline, and why we remain positive about both the development additions stemming from the strong customer engagement I previously mentioned, as well as a strong flow of both small and large portfolios of operating assets for us to acquire.
Here are some additional segmentation of our over 1 gigawatt pipeline to help investors and analysts track our progress. First, our pipeline is composed of approximately half potential operating acquisitions and half projects under development. With respect to the half of our pipeline which are operating acquisitions, a quarter is made up of single assets or batches of assets, which we view as ordinary course. And the remaining three quarters is made up of larger operating portfolios, where execution certainty is generally less predictable.
That said, these opportunities have the potential to provide tremendous synergies and scale to our portfolio. Our origination team continues to devote time to both sets of opportunities, because of our track record of successfully identifying commercial and industrial projects and portfolios, where our specific expertise, structuring creativity and efficient cost of capital can produce solid returns with the added benefit of a shorter runway to generating cash flow. And while we remain highly selective with respect to these opportunities, we expect to close a number of operating acquisitions each year, which would result in adjusted EBITDA and cash flow generation which we covered.
I do want to take a moment to comment on the recent rapid rise in interest rates. Rising rates are clearly pressuring asset values in the public markets and we believe higher borrowing costs will impact asset values in the private market as well. While this type of repricing can slow the pace of activity in the short-term as sellers are forced to reset price expectations, we believe Altus is relatively well positioned for the current environment. We believe we'll continue to have ample access to debt at attractive spreads and also a significant cash position available to deploy into attractive opportunities.
Turning now to the half of our pipeline made up of development projects, we're providing some buckets to help investors understand the cadence of when our projects will reach commercial operation. Approximately 20% of these projects are currently in construction or pre-construction. Another 20% are in contract or under negotiation. And the final 60% represent projects from our customer engagements which are progressing toward an agreement in principle.
Two points to emphasize on our development pipeline. First, much of our new customer engagement outlined earlier is not yet included in these numbers. As we emphasized with our Trammell Crow announcement last quarter, megawatts are only included in our development pipeline once we've reached basic agreement on specific projects. Our origination team continues to advance a large pool of new clients and remains focused on advancing all of them into our pipeline in the coming quarters.
The other factor reflected in our pipeline is our shift to larger customers with multiple potential projects, in other words, the more programmatic origination opportunities, which we previously outlined. While these larger development portfolios have a longer development cycle, we believe that focusing on these larger relationships will ultimately allow us to scale our portfolio more rapidly and profitably.
One consequence of this approach is that we're consciously spending less time engaging customers with individual projects, and we've therefore removed some of these individual projects from our pipeline in favor of newer multi-project opportunities as we've described. We hope these details on our pipeline help to provide better insight into our business.
Let me now also offer our historic view on the time required to bring projects into operation. Projects originated by our channel partners which we then develop, engineer and construct, benefit from a shorter time from agreed terms to revenues, typically six to nine months based on our historical experience. Projects we’re originating ourselves and self-developing such as those with a lead from CBRE or Blackstone would historically take 12 to 15 months from agreed terms to bring to commercial operation.
You'll recall we highlighted delays to interconnection and permitting on our fourth quarter call, we forecast that these delays have added three to six months to complete our projects currently under construction. While these projects have a longer path to revenues they also come with higher returns driven by the minimal sales and marketing costs, as well as potential for scale benefits as we originate customers with portfolios of projects.
Moving to an update on construction, permitting, interconnection and supply chain issues remain a challenge for our sector. The recent Department of Commerce decision to take up the anti-circumvention case against modules traveling from Southeast Asia is further challenging the supply chain and is injecting significant uncertainty into our industry, both in terms of cost and availability of solar modules. This unfortunate risk is precisely why we struck an agreement with a North American supplier named Heliene. We have modules in our inventory as well as purchase agreements in place that give us confidence on both our supply and pricing of modules for the remainder of 2022 and into early 2023.
Regarding our projects under construction, while some of our projects continue to be stifled by the pace of permitting, utility impact studies and upgrades for interconnection as well as the availability of medium voltage equipment, we're pleased to see physical construction has commenced on some of our delayed projects. We look forward to updating you on further progress of our construction program.
In closing, I hope my comments have helped provide greater visibility into our opportunity set. First, our client engagement is growing due to the flow of our partners and our -- an increasing recognition of the Altus brand. Second, an increased demand for solar driven by our customers’ need to decarbonize and the immense pressure building on the utility rates is adding to our opportunities for client engagement.
Third, the growing appetite for community solar is offering a broader opportunity to expand further into the residential segment. And finally, we're pleased to present our pipeline segmentation, which reflects our confidence that our programmatic shift to multi-project opportunities will bear fruit.
Now I'll turn it over to Dustin who will detail our first quarter results. Dustin.
Dustin Weber
Thanks Gregg. And welcome to everyone on the call. During the first quarter we generated total operating revenues of 19.2 million, an increase of 54% over first quarter 2021, reflecting the growth of our portfolio over the last 12 months. As Gregg discussed in his remarks, our portfolio experiences seasonality driven by our positioning in northeastern states.
Adding some color to this, solar production for the first quarter typically amounts to slightly under 20% of total expectation for the year. This, coupled with our new projects which are expected to be added during the back half of the year, means that our first quarter is expected to show our weakest revenues as compared to the remaining quarters.
Turning to adjusted EBITDA, we reported $8.8 million compared to $6.3 million in first quarter 2021, an increase of 38%. Our adjusted EBITDA margin for the quarter was 46%, which, again, is a result of our seasonally weakest quarter for revenues, coupled with our anticipated ramp of general and administrative expenses as we invest in our people and our platform.
Just as we experienced last year, we expect adjusted EBITDA margins to be lumpy, lowest in Q1 and rising through the remaining quarters to end in the mid-50% range for the year.
Our net income for the first quarter totaled $60.1 million, which was primarily the result of a non-cash gain of $64.8 million from the remeasurement of our redeemable warrants and alignment shares. Each quarter we remeasure the fair value of these derivative liabilities which can be volatile from quarter to quarter because a change in fair value is largely dependent on the change in our stock price.
During the first quarter the stock price declined which resulted in reporting a large gain. Should the stock price increase in future quarters we would expect a loss on the fair value remeasurement.
As it relates to the underlying business, net income in the first quarter was impacted by planned increases in cost of operations and depreciation expense directly related to new projects that went live after Q1 2021. In addition, we experienced increases in various expenses aimed at preparing Altus for the future.
Most notably, increases in general and administrative and stock-based compensation expense are about expanding our business and recognizing the leadership that will drive the results and support the growth throughout 2022.
Moving to our balance sheet, total debt at the end of the first quarter was $543 million. Our balance sheet remains well-capitalized with $318 million of cash on hand making our net debt figure $225 million. The primary use of our cash balance in Q1 was to procure equipment for our projects under construction which we expect will ramp further in the next couple quarters as we enter the summer construction cycle.
One key advantage we maintain is our unique financing architecture during a period of dramatically rising interest rates. We've locked in our interest expense at an attractive 3.51% fixed rate on existing debt currently drawn under the investment grade rated term loan facility. While we anticipate rising rates will increase the cost of additional borrowings under this facility, we believe some of that increase will be mitigated by tighter credit spreads.
We believe our balance sheet is well-positioned to execute on our development pipeline and targeted operating acquisitions as we work to profitably scale our portfolio. While in this calendar quarter we did not conclude any of our operating asset onboarding processes, nor put any late stage construction assets into operation, we remain focused on adding projects with long-term contracted revenues which we expect to provide attractive returns.
To summarize, we remain on track to meet our 2022 adjusted EBITDA guidance and we believe we will continue to maintain significant liquidity to execute on our plan. With that I'd like to turn the call back to Gregg for closing remarks.
Gregg Felton
Thanks, Dustin. I want to end by reiterating the four reasons we believe we are well-positioned. We are the largest and only pure-play company in our lucrative and fast-growing sector. We are EBITDA positive, focused on growing profitably and equipped with the capital necessary to carry out our growth plan.
We have valuable strategic partnerships that streamline our customer engagement. And finally, we offer a vertically integrated solution making Altus the one-stop solution for delivering savings and decarbonization benefits to our customers. We look forward to meeting many of you in person during the upcoming conference season. We're now happy to take your questions.
Question-and-Answer Session
Operator
[Operator Instructions] Justin Clare, ROTH Capital Partners.
Justin Clare
So, I guess first off, I was just wondering, could you share how much of your 2022 EBITDA guidance is expected to be generated from assets that are currently operating versus how much might be dependent on the addition of new assets that are either in construction, preconstruction or potentially new acquisitions?
And then also, for the projects that you plan to bring on this year, could you give us a sense for how much of those already have modules on site versus how many may need modules to be delivered still?
Dustin Weber
I'll take the first part 0of your question and then maybe I'll turn it over to Lars to touch on the breakout of the pipeline. So, as it relates to the portion of our EBITDA assumptions for 2022 that relate to projects that are already in operation versus those that are coming on late, we haven't put any detail out there as it relates to what that exact split is.
I think we talked in our opening remarks about some of the drivers there, seasonality of the existing portfolio being one and then the other main driver is when those new projects ultimately do get placed in service and become revenue-generating.
So, those are really the two main components that go into that analysis, but we haven't really put any firm numbers on it because it is largely -- it has a lot of drivers to it. So, we'll be updating the market as and when those systems do get placed in service each quarter.
Lars Norell
Thanks, Dustin. Hey, Justin, this is Lars. The additional projects that as -- from the script Dustin explained, are either operating assets that are in the process of being onboarded, so they're basically due diligenced and purchased by Altus, and the preponderance of the new construction projects that are in late stage construction and that we expect will contribute to revenue this year have modules identified.
They are not always on site, they might be in storage, but they exist in our possession and are not something that we're waiting to receive based on some purchase order. Some element of deals that are in mid-stage construction right now that we still suspect may come online this year, but that will not meaningfully contribute to revenue this year because they might be turned on in November or December, have modules purchased where they have not yet been delivered into our possession in a warehouse or in some construction storage container, something like that.
We still feel good about those purchase orders. They are not module vendors that would be subject to the various anti-circumvention cases going on right now. And of course, once you placed the purchase order and made a down payment there's still some risk that that counterparty won't deliver, but we feel relatively comfortable. But that's a very small portion of the deals we expect will come online this year.
Justin Clare
Okay, great. That's really helpful. And then you mentioned that 60% of your contracts are variable-rate here. Just wondering, can you give us any sense for how much those variable rates have moved up so far this year? And how often do those rates reset? And then any sense for how much those higher rates might contribute to adjusted EBITDA this year? Has that been factored into your guidance at all?
Dustin Weber
It has not been factored into our guidance. But I will say that we haven't really seen the recent broad increases in rates show up yet. And I think that's largely driven by the fact that many of our floating-rate PPAs that encompass that 60% are either tied to a utility tariff which, depending on the utility, will reset biannually or in some other leg. So, we wouldn't expect to see that show through just yet.
Another subset of our floating-rate PPAs would be those that are tied to a specific customer's avoided cost. So, that's also on a look back where we're assessing what they would otherwise pay the utility on a look back basis again in maybe the six- to 12-month range.
And then we do have a smaller subset of our portfolio that is selling power real time. So, there -- the rate increases have come through a little bit, but, again, it's a minor portion of our portfolio. So, I would just summarize it all by saying we haven't really seen it flow through yet in these Q1 results.
Justin Clare
Okay, got it. And then I wanted to ask about the Trammell Crow partnership. You talked about 300 MW over three to four years, but just wanted to see when do you think you could bring the -- or commence construction on the first of the assets within that 300 MW? It's still probably sometime from now, but just if you could give us a sense of that. And then is there opportunity to expand that relationship beyond the 300 MW? Any sense for that would be helpful.
Lars Norell
Sure, this is Lars again. So, let me give you a direct answer on your first -- part of your question and then try to put it into broader context. We expect, based on current process and progress, that the first Trammell Crow assets might be possible to be put into construction in the next six months. So, they are currently in different stages of interconnecting utility work and applications, etc.
And one of the reasons that we're so happy to have now been able to begin the process of delivering insights into our process, into our pipeline and into the stages of deals in that pipeline to you guys, and then also prepare thoughts around the current timing of a project, is so that we can let you have an opinion and form an opinion on when these engagements with people like Trammell Crow, Blackstone, CBRE Investment Management, and all the other large customers that we've begun engagement with, when that will filter through our pipeline coming to preconstruction, construction and then ultimately be added to our client service desk and our books.
The Trammell Crow engagement represents a typical large program engagement where there's a large number of assets that are all applicable to both silver storage and EV charging that, together with Trammell Crow, Altus has identified. And a subset of those assets is the first 300 MW that we've begun to work on.
Once we identify a subset we will then, together with the client and the client's clients -- in the case of Trammell Crow they of course have insurance companies and other capital providers that they develop real estate for, and then they have tenants who want to live and act in those buildings and in those parcels once the buildings are complete.
Together with Trammell Crow, and with a view to the clients, we then prioritize among the 300 MW, which assets are likely to be put into construction or to be finished through construction first. In which particular state is it easier for our Altus to obtain quick interconnections and the ability to start selling power to the tenants. And based on that prioritization we then start moving assets through the process.
So, the 300 MW engagement, we've moved 100 MW of that into our current pipeline. And that 100 MW represents basically the deals that we are able to act on the most quickly. And both we and Trammell Crow are very happy with the collaboration between the two parties and the work that's been done.
We feel like we've received a lot of benefits from the engagement with Trammell Crow. Other large entities are calling us based on it asking if we can do the same thing for them. And it feels to us that Trammell Crow is getting the same positive benefits on their side. Their investor clients and capital providers have responded very favorably to the commitment that they're now acting on together with Altus.
Justin Clare
Okay, great. And then maybe just one more for me. You mentioned the 100 MW that has moved into your current pipeline. Is that the amount that could potentially start construction in six months? And then if that is the case, when would that -- when would those assets be completed, could that be sometime in 2023 that that 100 MW could be brought online?
Lars Norell
Yes, so one of the things that we knew we were going to have to focus on at Altus, once we consummated the transaction together with CBRE is to first do a very good job in client engagement process, the origination of customer engagements like Trammell Crow. But then build resources in staffing frankly on the development and preconstruction and construction side or desks inside of Altus.
And so, we're very focused on bringing the construction effort up to the level of throughput, then we can come to those desks with the first 100 MW and quickly have it go into the sign, permitting, interconnection application, etc., etc., etc.
There's no lack of will on the part of Trammell Crow. There's no lack of number crunching on the part of Altus. And what we're working on is to make sure that horsepower and velocity can be kept through to construction, development and ultimately turning on process as well.
We are currently dividing our new development pipeline and construction pipeline into Altus developed and constructed deals which tend to take 12 to 15 months historically. And those deals that come to us from channel partners that usually take much less, they could be as little as six to nine months before they get turned on.
The Trammell Crow pipeline fits squarely in the Altus self-developed bucket. These are deals where we come to real estate that is either just newly constructed or about to be constructed, and we begin the process of designing the solar system, interconnecting it, etc., etc., etc.
So, we will definitely move some of the 100 MW, and I hope more of that, into the development and preconstruction stages. And once it's in there some of the deals will probably be on the shorter end of the timeline, some will be in the middle and some will be in the longer end of the timeline.
We're still seeing delays on interconnection and permitting. It's still somewhat sticky to get exactly all the material that you want like transformers and other things. So, we're continuing to fight that, and trying to bring as much of those supply-chain difficulties under our control as possible.
Operator
[Operator Instructions] Ryan Levine, Citi.
Ryan Levine
Thank you for taking my question. What portion of the 2023 solar projects are dependent on the outcome of the Department of Commerce investigation? And how does the North American supplier relationship that was [pointed out and] highlighted in the prepared remarks impacted that?
Gregg Felton
So, I mentioned in the prepared remarks that we have panels or modules in inventory, as well as on order, that are designed to not only fulfill our 2022 needs but into early 2023. As you know, the Department of Commerce investigation has created tremendous uncertainty within the sector because the predominance of modules do come from the targeted countries and we are obviously looking for a decision one way or the other relatively quickly.
We've worked hard to create a diversified supply chain, the Heliene multiyear supply agreement is an example of that. And what we're looking to do with Heliene in particular is to make sure we have access to North American modules from a Tier 1 supplier that mitigates that risk. Heliene is not the only supplier; it's the one that we've named. There are other suppliers that are also outside of the target area of the DoC.
But what we would say is that from our perspective we've positioned ourselves to mitigate the supply chain issues as it relates to modules in particular. As you know, there is an expectation of resolution sometime in early 2023. What we're focused on, and I probably ought to highlight for this call as well, is our ability to pass through elevated pricing.
The uncertainty that exists with respect to pricing right now of modules is not helpful, of course, for anybody in the industry, but for C&I in particular, we do have clients that are very focused on decarbonization objectives and the economic benefits to some extent could be secondary. And modules make up approximately a quarter of the total project cost. So, we do expect that we'll be positioned to pass along incremental costs to our customers in the PPA.
Ryan Levine
What I was trying to get at is, per your 2023 development opportunities, what percentage -- even if it's rough -- come from North American supplier relationships versus your Asian suppliers [on the market]?
Gregg Felton
Sure, so we haven't broken that out, but what we have said is that we have a 250 MW multiyear supply agreement with Heliene, we said that publicly. And of course we have, therefore, significant access to Heliene in particular. There are other suppliers that we have relationships with that are not subject to the DoC investigation.
And so, we do believe that we'll be positioned not just with North American supply, which of course is only a very small portion of global supply, but with our other suppliers to be able to procure the panels necessary to fulfill our 2023 development pipeline.
Ryan Levine
Okay. And then to the extent that in development projects were to be delayed or [technical difficulty] penalties is embedded in your contracts or anything to highlight in terms of [technical difficulty]?
Lars Norell
Yes, you cut out little bit, Ryan, [multiple speakers]. This is Lars. I think you asked do our contracts with our clients make any sort of reservations relating to the module availability while we're constructing. Is that the point?
Ryan Levine
I'm trying to understand, if there's any penalties, if there's any delays in your timeline.
Lars Norell
Usually not. Usually we have time -- we have targets in our contracts that say we need to start construction on such and such a date. We should be materially done with development on this date, etc. But these contracts from the client's perspective are likely to be very long. They're like 20- to 25-year engagements where they're going to buy clean electricity at a discount.
If it takes four months versus eight months versus 10 months to secure the exact allocation of modules or transformers, or to get the right required permit, or to go through some planning and zoning permitting agency, that's usually a bit of a blip on the overall timing of that contract.
And so, we have history of having projects get delayed because of utility interconnection issues. And we've never had a client reevaluate their commitment to Altus or their engagement. And usually the contracts are relatively firm. As long as we're making progress towards constructing and are not just sitting on our hands, there really isn't any room for the client to back out.
Ryan Levine
But are there penalties associated with cost overruns or delays that Altus would have to bear?
Lars Norell
No, it's usually not like the utility scale deals where there are these make-whole payments and day count issues around, look, the system has to be operational in October otherwise you're going to pay us penalties. That's not a feature in most C&I contracts. In fact, I don't think we have a single contract like that outstanding right now.
Operator
Ladies and gentlemen, we have reached the end of today's question-and-answer session. This does conclude today's conference. You may disconnect your lines at this time. Thank you for your participation and enjoy the rest of your day. | https://seekingalpha.com/article/4512047-altus-power-inc-amps-management-on-q1-2022-results-earnings-call-transcript | 2022-05-16T15:59:38Z | https://seekingalpha.com/article/4512047-altus-power-inc-amps-management-on-q1-2022-results-earnings-call-transcript | false | 1 |
Carvana continues rebound as Stifel upgrades target
- Carvana (NYSE:CVNA) is trading around +6% as Stifel raised its price target from $40 to $48, while a slew of other analysts lowered their lofty targets for the heavily-shorted online auto retailer.
- Stifel's target increase comes after Carvana filed a new investor presentation with updates to its strategy in an attempt to reassure a market skeptical of its path forward. The latest plan prioritizes growing retail units and revenue, increasing total gross profit per unit, and demonstrating operating leverage.
- The report suggests "significant progress on the first two objectives, while making progress, albeit more slowly, on the third as we have invested in rapid growth and GPU gains.
- Stifel's analysts said that the new plan is "a clear indication that profitability and capital preservation have taken precedent over unit and revenue growth for the first time in the company’s history" and the shift will be well received by investors.
- However, they noted that near-term execution will be difficult amid industry challenges and declines in unit volumes and price, and there is uncertainty around the impact of reduced spending on unit growth and customer experience.
- This marks the second day that the stock has been gaining after a +24.67% jump on May 12. The volatility as of late is more than likely a result of short-covering after the stock dropped over -83% YTD.
- That stark decline has left many analysts playing catch-up in cutting price targets and reassessing ratings that had been largely bullish prior to 2022. Despite Stifel's upgrade, the $48 target remains the lowest among recent downgrades. | https://seekingalpha.com/news/3839293-carvana-continues-rebound-as-stifel-upgrades-target | 2022-05-16T16:02:44Z | https://seekingalpha.com/news/3839293-carvana-continues-rebound-as-stifel-upgrades-target | false | 1 |
McDonald’s said Monday that it has started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people, making it the latest major Western corporation to exit Russia since it invaded Ukraine in February.
The fast food giant pointed to the humanitarian crisis caused by the war, saying holding on to its business in Russia “is no longer tenable, nor is it consistent with McDonald’s values.”
The Chicago-based company announced in early March that it was temporarily closing its stores in Russia but would continue to pay employees. On Monday, it said it would seek to have a Russian buyer hire those workers and pay them until the sale closes. It did not identify a prospective buyer.
CEO Chris Kempczinski said the “dedication and loyalty to McDonald’s” of employees and hundreds of Russian suppliers made it a difficult decision to leave.
“However, we have a commitment to our global community and must remain steadfast in our values,” Kempczinski said in a statement, “and our commitment to our values means that we can no longer keep the arches shining there.”
As it tries to sell its restaurants, McDonald’s said it plans to start removing golden arches and other symbols and signs with the company’s name. It said it will keep its trademarks in Russia.
The first McDonald’s in Russia opened in the middle of Moscow more than three decades ago, shortly after the fall of the Berlin Wall. It was a powerful symbol of the easing of Cold War tensions between the United States and Soviet Union.
McDonald’s was the first American fast food restaurant to open in the Soviet Union, which would collapse in 1991. McDonald’s decision to leave comes as other American food and beverage giants including Coca-Cola, Pepsi and Starbucks have paused or closed operations in Russia in the face of Western sanctions.
Corporations from British energy giants Shell and BP to French carmaker Renault have pulled out of Russia, taking a hit to their bottom lines as they seek to sell their holdings there. Other companies have stayed at least partially, with some facing blowback.
McDonald’s said it expects to record a charge against earnings of between $1.2 billion and $1.4 billion over leaving Russia.
Its restaurants in Ukraine are closed, but the company said it is continuing to pay full salaries for its employees there.
McDonald’s has more than 39,000 locations across more than 100 countries. Most are owned by franchisees — only about 5% are owned and operated by the company.
McDonald’s said exiting Russia will not change its forecast of adding a net 1,300 restaurants this year, which will contribute about 1.5% to companywide sales growth.
Last month, McDonald’s reported that it earned $1.1 billion in the first quarter, down from more than $1.5 billion a year earlier. Revenue was nearly $5.7 billion. | https://www.kark.com/news/business/mcdonalds-to-leave-russia-plans-to-sell-business-there/ | 2022-05-16T16:03:07Z | https://www.kark.com/news/business/mcdonalds-to-leave-russia-plans-to-sell-business-there/ | true | 27 |
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Become a Six Colors member to read exclusive posts, get our weekly podcast, join our community, and more!By Dan Moren for Macworld
Three features Apple should borrow from Google
The larger technology companies get, the more and more commonalities there seem to be between their products. That’s probably not surprising: after all, if only a couple of huge companies are developing smartphone operating systems, chances are they’ll get closer and closer over time as companies borrow from each other, playing leapfrog as they continually innovate.
Like any giant company, Apple’s no stranger to having features similar to those in its products rolled out by competitors. But it’s also hardly one to ignore a good idea, even when it’s created by a rival (for example, the graphical user interface on desktop computers).
This past week, Google held its annual I/O developers conference, at which it showed off a ton of new devices and features for its products. And, as always, there were those who noted that many looked like they’d been pulled directly from Apple products. So, turnabout being fair play, here are a few places where Apple might be able to take a cue from one of its biggest competitors. | https://sixcolors.com/offsite/2022/05/three-features-apple-should-borrow-from-google/ | 2022-05-16T16:06:06Z | https://sixcolors.com/offsite/2022/05/three-features-apple-should-borrow-from-google/ | false | 1 |
Saqib Mahmood: Lancashire and England paceman to miss rest of season with back injury
Last updated on .From the section Cricket
Lancashire and England fast bowler Saqib Mahmood will not play again this season because of a back injury.
The 25-year-old's problem has been diagnosed as a lumbar stress fracture and it is not yet known when he will be fit to return to action.
Mahmood played his first two Tests on England's tour to the West Indies earlier this year, taking six wickets.
His only game since then was Lancashire's County Championship game against Gloucestershire last month.
Mahmood missed the Roses match against Yorkshire last week because of lower back pain and scans revealed the full extent of the damage.
England have been dogged by injury problems to their quickest bowlers for some time, with Jofra Archer, Mark Wood and Olly Stone among those forced to have extended spells on the sidelines.
They begin a home Test series against New Zealand next month, which will be the first with new captain Ben Stokes and head coach Brendon McCullum in charge. | https://www.bbc.co.uk/sport/cricket/61468818 | 2022-05-16T16:07:22Z | https://www.bbc.co.uk/sport/cricket/61468818 | true | 3 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nhl/calgary-flames/articles/39512575 | 2022-05-16T16:09:55Z | https://sportspyder.com/nhl/calgary-flames/articles/39512575 | false | null |
Monday, May 16, 2022 11:50 am
Stocks fall on Wall Street, continuing a losing streak
DAMIAN J. TROISE | Associated Press
NEW YORK -- Stocks fell on Wall Street Monday, continuing a losing streak that has brought the market down for six weeks in a row.
The S&P 500 slipped 0.3% as of 10:19 a.m. Fort Wayne time. The Dow Jones Industrial Average fell 91 points, or 0.3%, to 32,104, and the Nasdaq fell 0.3%.
Technology stocks led the decline. Apple fell 0.5% and Microsoft fell 1%. The sector has been a particularly heavy weight on the broader market as investors worry about high inflation and rising interest rates.
Retailers also fell broadly. Amazon slipped 1% and Starbucks fell 1.9%.
Bond yields fell and weighed down banks, which rely on higher yields to charge more lucrative interest on loans. The yield on the 10-year Treasury fell to 2.88% from 2.94% late Friday. Bank of America fell 1.3%.
Spirit Airlines rose 11.8% after JetBlue said it would make a hostile offer for the budget carrier after Spirit rebuffed its earlier bids.
Defense contractor ManTech jumped 14.8% after investment firm Carlyle Group said it will buy the defense contractor.
The broader market is in the midst of a slump as investors try to gauge how companies and consumers are dealing with higher prices and whether central banks can help ease the problem.
The Federal Reserve is in the process of pulling its benchmark short-term interest rate off its record low near zero, where it spent most of the pandemic. It also said it may continue to raise rates by double the usual amount at upcoming meetings. Investors are concerned the central bank could cause a recession if it raises rates too high or too quickly.
Lingering supply-chain problems continue to feed inflation, and China's recent COVID-19 lockdowns have raised concerns they may worsen. Russia's war against Ukraine has made already high energy prices even more volatile, which could also draw out rising inflation.
Oil prices were relatively stable, though U.S. crude-oil prices are up more than 50% for the year. Natural-gas prices rose 5% and have more than doubled in 2022.
Wall Street is closely watching how consumers react to pressure from inflation and will get several updates from the U.S. government and key retailers this week. The Commerce Department on Tuesday will release its retail sales report for April.
Home Depot and Walmart will report their latest financial results on Tuesday and Target will report its results on Wednesday. | https://www.journalgazette.net/business/20220516/stocks-fall-on-wall-street-continuing-a-losing-streak | 2022-05-16T16:11:13Z | https://www.journalgazette.net/business/20220516/stocks-fall-on-wall-street-continuing-a-losing-streak | false | 18 |
BUFFALO, N.Y. — The white gunman accused of a racist rampage at a Buffalo supermarket planned to keep killing if he had escaped the scene, the police commissioner said Monday, as authorities investigated the massacre of Black people a s a potential hate crime or act of domestic terrorism.
The gunman, who had crossed the state to target the Tops Friendly Market, where he killed 10 people, had talked about shooting up another store as well, Buffalo Police Commissioner Joseph Gramaglia told CNN.
"He was going to get in his car and continue to drive down Jefferson Avenue and continue doing the same thing," the commissioner said.
His description was similar to portions of a racist 180-page document, purportedly written by Payton Gendron, that said the assault was intended to terrorize all nonwhite, non-Christian people and get them to leave the country. Federal authorities were still working to confirm the document's authenticity.
Saturday's bloodshed in Buffalo was the deadliest in a wave of weekend shootings, including at a California church and a Texas flea market.
Gendron, 18, traveled about 200 miles (320 kilometers) from his home in Conklin, New York, to Buffalo to commit the attack, police said.
Law enforcement officials revealed Sunday that New York State Police troopers had been called to Gendron's high school last June for a report that the then-17-year-old had made threatening statements.
The disclosure raised questions about whether his encounter with police and the mental health system was yet another missed opportunity to put a potential mass shooter under closer law enforcement scrutiny, get him help or make sure he didn't have access to guns.
Gendron had threatened to carry out a shooting at Susquehanna Valley High School in Conklin around graduation, a law enforcement official who spoke on condition of anonymity said. The official was not authorized to speak publicly about the investigation.
Gramaglia said Gendron had no further contact with law enforcement after a mental health evaluation that put him in a hospital for a day and a half.
"Nobody called in. Nobody called any complaints," Gramaglia said. The threat was "general" in nature, he said, and not related to race.
New York is one of several states that have enacted "red flag" laws in recent years to try to prevent mass shootings by identifying people who show signs that they might be a threat to themselves or others.
Those laws allow law enforcement officers, a person's family, or in some cases medical professionals or school officials to petition courts to temporarily seize the person's guns or prevent the individual from buying weapons.
Federal law bars people from owning guns if a judge has determined they have a "mental defect" or they have been forced into a mental institution. An evaluation alone would not trigger the prohibition.
It is unclear whether officials could have invoked the "red flag" regulation after the high school incident. Police and prosecutors wouldn't provide details on the incident or say when Gendron had bought the weapons used in the deadly attack.
The long list of mass shootings in the U.S. involving missed opportunities to intervene includes the 2018 massacre of 17 students at a high school in Parkland, Florida, where law enforcement officials had received numerous complaints about the gunman's threatening statements, and the killings of more than two dozen people at a Texas church in 2017 by a former Air Force member who was able to buy a gun despite a violent history.
The victims in Buffalo included an 86-year-old woman who had just visited her husband in a nursing home, a man buying a cake for his grandson, a church deacon helping people get home with their groceries and a supermarket security guard.
Authorities said Gendron shot, in total, 11 Black people and two white people after he researched neighborhood demographics and conducted reconnaissance to inflict the most damage.
"This individual came here with the express purpose of taking as many Black lives as he possibly could," Mayor Byron Brown said.
As more was learned about the victims, it became clear that most were elders, a distinction that historically carries weight in Black communities. The same was true for several of the nine Black people killed in 2015 at racist attack at a historic Black church in Charleston, South Carolina.
The Buffalo gunman livestreamed the attack on Twitch, prompting scrutiny of how fast social platforms react to violent videos.
Portions of the video circulating online showed the gunman killing multiple shoppers in less than a minute. At one point, he trains his weapon on a white person cowering behind a checkout counter, but says, "Sorry!" and doesn't shoot. Screenshots purporting to be from the broadcast appear to show a racial slur against Black people scrawled on his rifle.
President Joe Biden planned to visit Buffalo on Tuesday.
Gendron surrendered to police who confronted him in the supermarket's vestibule. He was arraigned on a murder charge. Relatives didn't respond to messages.
___
Associated Press reporters Robert Bumsted in Buffalo, Michael Hill in Albany, New York, Travis Loller in Nashville and Jake Bleiberg in Dallas contributed reporting. Balsamo reported from Washington. | https://www.startribune.com/police-buffalo-gunman-aimed-to-keep-killing-if-he-got-away/600173580/ | 2022-05-16T16:11:20Z | https://www.startribune.com/police-buffalo-gunman-aimed-to-keep-killing-if-he-got-away/600173580/ | false | 19 |
Gears Of War Getting MCC-Style Collection - Report
A MCC-style compilation package may be in the works.
Microsoft is developing a Halo: The Master Chief Collection-style compilation package themed around Gears of War, according to a new report. Nick Baker of Xbox Era revealed this on a podcast recently.
"A while back I said there is another Microsoft franchise that's getting the Master Chief Collection-type treatment, I am of the belief that that is coming this year," Baker said (via VGC), adding that this will be Gears of War.
The Master Chief Collection launched in 2014 on Xbox One, and it struggled mightily at launch with server issues and other problems. Developer 343 Industries has supported, grown, and evolved the game significantly since then, and it's now in great shape--even outperforming Halo Infinite on Steam.
The package contains all mainline Halo titles (including remastered versions of Halo: Combat Evolved and Halo 2), full multiplayer support, Forge, Theater, and more. The game is available on Xbox Game Pass for all subscribers.
It remains to be seen what a Gears of War-themed package might include, but presumably it would feature the main Gears of War series titles. A remastered version of the original Gears of War was released in 2015, though whether or not any additional titles would be remastered remains to be seen. The latest entry in the series was 2019's Gears 5.
A source told VGC that Gears of War developer The Coalition is in the "early stages" of the next Gears of War game, but whether or not it's Gears of War 6 or something else remains unknown. The Coalition is making at least two new games right now, but they have not been announced (one is not a Star Wars game, though).
Intriguingly, Gears 6 was among the titles featured in the big Nvidia leak, and many of the titles mentioned in the leak have since proven to be real. Also, Microsoft did not buy the Gears of War series from Epic to stop making Gears of War, so of course more games are coming.
With Starfield and Redfall delayed to 2023, Microsoft does not have much in terms of first-party exclusives set for 2022, so a Gears of War collection could help fill the gap if it is indeed real. If the Gears of War collection is indeed real, one possible forum for its announcement could be the Xbox and Bethesda summer showcase in June.
GameSpot has contacted Microsoft regarding the rumors of a MCC-style collection for Gears of War.
Got a news tip or want to contact us directly? Email news@gamespot.com | https://www.gamespot.com/articles/gears-of-war-getting-mcc-style-collection-report/1100-6503487/?ftag=CAD-01-10abi2f | 2022-05-16T16:13:19Z | https://www.gamespot.com/articles/gears-of-war-getting-mcc-style-collection-report/1100-6503487/?ftag=CAD-01-10abi2f | true | 1 |
HANOVER, Germany, May 16, 2022 /PRNewswire/ -- VMEbus refers to a multi-master bus system for industrial controls in 19" racks. With our many years of experience with VMEbus systems, we continuously ensure that our CPU and IO boards are adapted, therefor kept at state of the art, and the operations of long-serving installations of our customers can be guaranteed at reasonable costs. While other manufacturers are discontinuing their production of VME products, we have launched new future-proof CPU and IO boards. One requirement was that the new boards should also be compatible with the discontinued products of other market players. This allows many systems developed over a long period of time to continue to be operated in the future.
Due to its exceptionally high flexibility, the VMEbus is predestined for the operation of computer systems under real-time conditions and in harsh industrial environments such as railway engineering and maritime environments and military applications.
The VMEbus is primarily used in applications with increased safety and reliability requirements, such as the Transrapid, the International Space Station, or the European navigation system Galileo. A strong driver for the VMEbus as a reliable and long-term system is the European Organization for Nuclear Research, better known as CERN. It continues to rely on VMEbus-based systems to control its facilities.
We develop and manufacture VMEbus boards according to customer specifications for individual applications. Our customers benefit from our many years of experience with VMEbus systems. For discontinued boards, also from other manufacturers, we offer replicas so that systems designed for the long term can continue to be operated reliably.
ESD's portfolio includes VME boards such as the VME-CPU/T10 with reliable PowerPC architecture. Mezzanine cards have been developed to extend the VMEbus via carriers. Particularly worth mentioning are the XMC-CPU/Zulu with FPGA-SoC or the PMC-CAN/402 as a high-performance CAN interface.
As part of the compatible follow-up development, we have generated the new VME-DIO32 as an easy-to-use IO card with 32 digital inputs and 32 outputs for industrial use in two versions to ensure long-term availability and bring our old VME-DPIO32 up to date with the latest technology.
ESD electronics is a member of the VMEbus International Trading Association VITA™.
Visit our website at: https://esd.eu/us/vme
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SOURCE ESD Electronics | https://www.wbay.com/prnewswire/2022/05/16/esd-electronics-ensures-vmebus-technology-remains-state-art-with-long-term-availability/ | 2022-05-16T16:16:47Z | https://www.wbay.com/prnewswire/2022/05/16/esd-electronics-ensures-vmebus-technology-remains-state-art-with-long-term-availability/ | true | 20 |
Steph Curry finally has his college degree after leaving school more than a decade ago.
The basketball superstar left Davidson College in North Carolina for the NBA 13 years ago.
According to ESPN, Curry left Davidson one semester before graduating in 2009.
The Golden State Warriors tweeted Curry completed his final semester this spring.
He received a Bachelor of Arts in sociology.
Curry wasn’t able to attend the commencement ceremony due to the Western Conference finals starting this week.
Davidson College said it will welcome Curry back on campus this season, so he can get his diploma.
Curry’s number will likely be retired at Davidson now that he has graduated. | https://www.tv20detroit.com/news/national/steph-curry-graduates-from-college-13-years-after-leaving-for-the-nba | 2022-05-16T16:18:12Z | https://www.tv20detroit.com/news/national/steph-curry-graduates-from-college-13-years-after-leaving-for-the-nba | true | null |
RHOM stars Lisa and Lenny Hochstein to DIVORCE after couple of 12 years get into ‘massive fight at Miami bar’
REAL Housewives Of Miami stars Lisa and Lenny Hochstein have been headed towards divorce after the couple of about 12 years got into a "massive fight at Miami bar."
Lenny, 55, has announced the split between the two to Page Six.
During his phone call with the publication, the RHOM star said: "Lisa and I are getting divorced."
“A few weeks ago, I denied this because I am trying my best to protect my family during this process."
He mentioned: "This is a very difficult time, and I would ask for some privacy so that we can best take care of our children who mean the world to us.”
The reality star revealed that the former couple have “contemplated divorce for the last several years.”
“I tried my best to avoid it for the sake of our children, who we love deeply.
The TV star added: "We have been living separate lives for months and made the decision to divorce last month."
Lenny also opened up about his new relationship with Austrian model Katharina Mazepa.
He said: “It was after the decision was made that I started seeing Katharina.
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"This is something that Lisa was well aware of before it happened."
He concluded: "Our issues have nothing to do with the filming of the show.”
The Bravo star has not officially filed for divorce from from Lisa, 39.
Lisa and Lenny share their two children: son Logan, 6, and daughter Elle, 2.
'COMPLETELY BLINDSIDED'
A source close to Lisa told the site that Lenny's ex was not “aware” of the divorce proceedings.
The insider added: “She isn’t directly aware of any divorce talk but can assume the direction it’s going since he hasn’t been hiding anything.
"She hasn’t been served any papers and hasn’t been aware that that’s the case and is just focusing on her children.”
Lisa was reportedly “completely blindsided” by Lenny's change in behavior and is allegedly "disgusted" by how "he would do this to his children."
The insider concluded: "She’s just shocked that in a heartbeat he would just abandon his family.”
SHOWDOWN AT GALA
Recently, the tension brewing between Lisa and Lenny exploded at the Miami nightclub Gala, according to the site.
His nightclubbing reportedly ended "with a showdown" between the three.
She had confronted him while he was out partying with his “new girlfriend.”
An eyewitness said: “They were all there, and they did have words.
"A drink was thrown.”
Another source claimed that “Lisa got in her face and yelled at" his new lady.
More to follow...
For the latest news on this story keep checking back at Sun Online.
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By Trend
NATO and the United States said on Sunday they were confident Turkey would not hold up membership of Finland and Sweden in the Western military alliance, Trend reports citing Reuters.
Finnish President Sauli Niinisto confirmed on Sunday that his country would apply to join NATO, while Sweden's ruling Social Democrats announced an official policy change that would pave the way for their country to apply within days.
"Today the Swedish Social Democratic Party took a historic decision to say yes to apply for a membership in the NATO defence alliance," tweeted Sweden's foreign minister, Ann Linde.
"I'm confident that we will be able to address the concerns that Turkey has expressed in a way that doesn't delay the membership," NATO Secretary-General Jens Stoltenberg said.
U.S. Secretary of State Antony Blinken declined to go into details of closed-door conversations in Berlin but echoed Stoltenberg's position.
"I'm very confident that we will reach consensus on that," Blinken told reporters, adding that NATO was "a place for dialogue". | http://www.today.az/news/regions/220196.html | 2022-05-16T16:21:23Z | http://www.today.az/news/regions/220196.html | false | 3 |
TRAGEDY struck Buffalo, New York, after a gunman opened fire at the Tops Supermarket on Jefferson Avenue.
Authorities are reportedly investigating it as a hate crime after 11 victims were identified as African American.
Who are the Buffalo mass shooting victims?
During the shooting, 10 people were killed and several others were injured in the crossfire.
The victims of the Buffalo mass shooting include:
Aaron Salter - Deceased
Aaron Salter, 55, was among those who died.
The retired Buffalo Police officer was working at the store as a security guard.
Ruth Whitfield - Deceased
Ruth Whitfield, 86, was known as the mother of former Buffalo Fire Commissioner Garnell Whitfield.
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She reportedly stopped at the grocery store on her way home from visiting her husband in a nursing home, per WGRZ.
Pearl Young - Deceased
Pearl Young, 77, was known in the Buffalo neighborhood for her service at the Central Park food pantry.
She ran the food pantry for 25 years and helped feed countless people every Saturday.
Katherine Massey - Deceased
Katherine Massey, 72, was a former Buffalo News reporter who died in the shooting.
Outside of being a journalist, Massey was an advocate of gun control and a member of the group We Are Women Warriors.
Deacon Heyward Patterson - Deceased
Deacon Heyward "Tenny" Patterson, 67, was known for his service in the Buffalo community and often helped drive people to the Tops Supermarket store.
According to The Buffalo News, Patterson served as a pastor's armor-bearer at The State Tabernacle Church of God and would volunteer to clean the church every Saturday.
Celestine Chaney - Deceased
Celestine Chaney, 65, was known as a loving mother and grandmother of six grandchildren and one great-grandchild.
She was also a cancer survivor, according to WKYC, and enjoyed playing bingo and shopping.
Roberta A. Drury - Deceased
Roberta Drury, 32, was one of the youngest victims in the Buffalo mass shooting.
She was reportedly in Buffalo visiting her brother from Syracuse, NY.
"She was very vibrant," her sister Amanda Drury told The New York Times. "She always was the center of attention and made the whole room smile and laugh."
Margus D. Morrison - Deceased
Buffalo resident Margus D. Morrison, 52, also died in the shooting.
Andre Mackneil - Deceased
Andre Mackneil, 53, of Auburn, NY, was reportedly in the area visiting relatives at the time of the shooting.
According to USA Today, he stopped at the store to buy a surprise birthday cake for his grandson.
“He never came out with the cake,” his cousin Clarissa Alston-McCutcheon said, later describing him as "just a loving and caring guy. Loved family. Was always there for his family.”
Geraldine Talley - Deceased
Geraldine Talley, 62, of Buffalo, NY, was known as an executive assistant who was famous for her cheesecake, per People.
Her niece described her as "the sweetest person" who "loved everybody."
Zaire Goodman - Injured
Zaire Goodman, 20, was wounded during the shooting and suffered non-life-threatening injuries, WIVB reports.
He is reportedly the son of Zeneta Everhart, a staffer from U.S. Senator Tim Kennedy’s office.
Jennifer Warrington - Injured
Jennifer Warrington, 50, of Tonawanda, NY, was also injured during the shooting but has since been released from the hospital.
Christopher Braden - Injured
Christopher Braden, 55, of Lackawanna, NY, was also injured during the attack but the extent of his injuries remains unclear.
Is there a suspect in the shooting?
Shortly after the event unfolded, police arrested 18-year-old Conklin native Payton Gendron in connection with the crime.
Authorities allege that he drove over 200 miles and opened fire on the store while wearing military gear and carrying a rifle.
He also reportedly live-streamed the tragic event on Twitch, but the video was removed within minutes, Reuters reports.
Gendron has since pleaded not guilty to the charge of murder in the first degree and was denied bail.
US Attorney Merrick Garland revealed that the Department of Justice is investigating the shooting as a "hate crime" and "an act of racially-motivated violent extremism."
Prior to the shooting, Gendron reportedly spoke about carrying out a shooting at a graduation ceremony or at a similar event, according to The Buffalo News.
Buffalo Commissioner Joseph Gramaglia later told ABC News that authorities discovered information that lead them to believe he would have continued the attack if he was not caught.
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Email us at exclusive@the-sun.com or call 212 416 4552. Like us on Facebook at www.facebook.com/TheSunUS and follow us from our main Twitter account at @TheSunUS | https://www.the-sun.com/news/5349916/who-buffalo-mass-shooting-victims/ | 2022-05-16T16:21:44Z | https://www.the-sun.com/news/5349916/who-buffalo-mass-shooting-victims/ | true | 2 |
Southern California apartment shoppers are still struggling to find an affordable place to rent, with few units available and rent hikes in the double digits across the region, new apartment figures show.
During the first quarter of 2022, vacancy rates in the region lingered near two-decade lows, giving landlords an opportunity to boost their asking rents.
Orange County’s average rent for a vacant unit jumped 18.2% from the year before, hitting a record-high average of $2,476 per month, a Southern California News Group composite of three leading apartment indexes shows. That’s up $381 a month from the first three months of 2021 – and it’s $988 a month higher than in 2010.
Inland Empire rents were rising almost as fast, climbing 17.4% year over year from early 2021 to a record-high average of $1,941. After seeing rent drops during the pandemic, Los Angeles County landlords were asking 12.8% more for a vacant unit in the first quarter, with a record-high average of $2,332.
The reason is more tenants are moving out on their own. Meanwhile, vacancy rates averaged 2.4% in Orange County and the Inland Empire and 3.1% in L.A. County, the SCNG composite shows.
“We’ve never seen occupancy this high,” said Chris Porter, chief demographer for Irvine-based John Burns Real Estate Consulting. “It’s young adults moving out of their parent’s home or moving out of a roommate situation. They’re living less densely than they have in the past. That’s how I’m explaining these extremely low vacancy rates.”
Porter noted that rising employment, increased wages and government stimulus checks put money in people’s pockets, giving them an incentive to move out. While household incomes have been rising, “I do think we’re reaching the point where affordability is certainly getting stretched,” he said.
The composite figures are averages for first-quarter numbers from CoStar, Moody’s Analytics-Reis and RealPage. Since their landlord surveys tend to focus on larger, professionally managed apartment complexes, their averages tend to be higher than smaller buildings operated by mom-and-pop landlords.
Southern California isn’t alone in seeing such rent hikes amid a national housing shortage, a recent report by Yardi Matrix said. But the region’s pace of rent hikes is a tad faster than the national average of 14.3%, according to Yardi.
Yardi’s data showed Orange County’s average rent was up 19.7% in April, the sixth-highest percentage gain among the nation’s top 30 metro areas. The Inland Empire’s rent hikes ranked 13th in April at 16.8%, and L.A. County’s ranked 19th at 12.7%.
“Explosive rent growth over the past year was driven not just by pent-up demand and growing household formations, but by a large undersupply of new units,” Yardi’s April multifamily housing report said.
“Land is constrained, and the high cost of land and construction labor and supplies makes new projects difficult to pencil out,” the report added. “ … Meanwhile, the demand for housing is evolving. High-income and older households increasingly rent more compared to previous decades. Homebuyers are being squeezed out by rising prices, competition from investors for rentals and people buying second homes.”
‘Increase like no other’
Apartment tracker surveys also tend to be higher than the overall market because they’re based on rents for newly available units and don’t include rent hikes for existing tenants who renew their leases. Porter said Southern California rent hikes for new leases last quarter were two or three times greater than lease renewals.
However, some existing tenants complained they’re also seeing hefty rent hikes when renewing their leases.
One tenant at the luxury high-rise Astoria Central Park West Apartments in Irvine complained he’s been hit with a 9.2% increase, boosting his rent to $4,425 a month should he renew.
“This is a rent increase like no other,” the tenant said. “Normally, I’d see a 2.5% to 3% increase, which is acceptable.”
A new state law capping rent hikes at 5% plus inflation doesn’t apply to buildings like the Astoria apartments that were built within the past 15 years. The tenant said the increases shocked him because the company’s website shows 20 to 30 vacant units.
A Huntington Beach tenant complained recently his lease in a four-year-old building will jump $1,100 to over $3,500 a month should he decide to renew.
“We are now forced to relocate out of the area to find affordable housing, causing us to leave our jobs,” he said in an email.
Smaller hikes ahead
The long-term outlook is for rent hikes to ease over the next few years, but rent drops aren’t expected, Porter said.
Yardi’s latest report forecasts Orange County rent hikes will moderate to 6.2% by next April, with hikes of 9.1% in the Inland Empire and 7% in L.A. County.
During the pandemic, more people moved out of denser, urban areas of L.A. County to the Inland Empire, where they could rent larger homes for less while working remotely. Rents decreased year over year in L.A. County from the spring of 2020 through the winter of 2021.
But they started rising last summer as the pandemic eased and more employees returned to their worksites. Rents were up 6.7% last summer, 10.2% last fall and 12.9% this past winter.
Meanwhile, rents are rising even faster in Orange County and the Inland Empire, with the biggest gains over the past year than in the previous 20 years, according to CoStar figures. Demographics may provide a clue why rents are rising faster in the suburban counties than in L.A., with millennial tenants aging into their 30s and 40s, Porter said.
“Now as they get into their 30s, they tend to go more suburban,” he said. “So I think the pandemic really just accelerated that trend that was already occurring.” | https://www.dailybulletin.com/2022/05/16/explosive-growth-leads-to-record-high-rents-for-vacant-southern-california-apartments/ | 2022-05-16T16:24:26Z | https://www.dailybulletin.com/2022/05/16/explosive-growth-leads-to-record-high-rents-for-vacant-southern-california-apartments/ | true | 10 |
A GENETICALLY modified wheat variety developed in Argentina has won Food Standards Australia New Zealand (FSANZ) approval to be sold and consumed within Australia.
The application, made by Trigall Genetics, will allow wheat from the drought and herbicide tolerant HB4 variety to enter the Australian food chain.
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However, Australian grain industry leaders pointed out this did not mean Aussie growers would be growing GM wheat any time soon, saying the variety was registered for food safety, not with the Office of the Gene Technology Regulator (OGTR), which is required before a variety can be grown here.
At this stage there are no records on the OGTR website of applications to grow GM wheat.
Matthew Cossey, chief executive of Australia's plant biotechnology peak body, said it was good news to see FSANZ found GM products completely safe.
He said while any company interested in developing a genetically modified wheat for planting in Australia would have to go through the relevant regulatory process the FSANZ decision showed the inherent safety of the technology.
"It does not change what would need to happen before Australian wheat growers have access to this technology but it does add confidence there would be market acceptance of the product if it was to be grown," Mr Cossey said.
"Traits like drought and salt tolerance are really important to Australian growers and hopefully we can see research on this front in coming years."
He said wheat was a slow burn in terms of research due to the complexity of its genetic make-up.
"Wheat is Australia's major crop, but unfortunately work on introducing traits can be slower because of its genome, which is a lot more complicated than other popular crops like corn or soybeans."
"We've seen with the Argentine work that it can be done so we're hoping to see more traits be developed with more research."
Brett Hosking, Grain Growers chairman, said he would like to see Australian growers one day having the option of growing GM wheat.
"Obviously you'd have to look at market acceptance but you can see from the FSANZ decision there is no issue with its safety," Mr Hosking said.
"We already grow GM cotton and canola and those products have really good fits within farming systems, so if that was one day extended to wheat, especially with novel traits such as drought tolerance I think growers would be really interested in that."
Mr Hosking said decisions such as the FSANZ move would continue to improve public confidence in genetically modified food crops.
"We had a lot of concern from the community with the early days of GM canola but I think there is more widespread public acceptance of GM technology these days.
"People are more conscious of the environment and these crops with their traits are a way of ensuring good environmental stewardship, lowering emissions per tonne of grain produced and things like that so I think there has been a change in the way the crops are seen by the public."
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In its statement FSANZ said HB4 wheat was as safe as conventional wheat to consume.
Gregor Heard
Gregor Heard is Fairfax Ag Media's national grains industry reporter, based in Horsham, Victoria. He has a wealth of knowledge surrounding the cropping sector through his ten years in the role. Prior to that he was with the Fairfax network as a reporter with Stock & Land. Some of the major issues he has reported on during his time with the company include the deregulation of the export wheat market, the introduction of genetically modified crops and the fight to protect growers better from grain trader insolvencies. Still involved with the family farm he is passionate about rural Australia and its people and hopes to use his role to act as an advocate for those involved in the grain sector. Away from work, he is a keen traveller, having spent his long service leave last year in Spain learning the language.
Gregor Heard is Fairfax Ag Media's national grains industry reporter, based in Horsham, Victoria. He has a wealth of knowledge surrounding the cropping sector through his ten years in the role. Prior to that he was with the Fairfax network as a reporter with Stock & Land. Some of the major issues he has reported on during his time with the company include the deregulation of the export wheat market, the introduction of genetically modified crops and the fight to protect growers better from grain trader insolvencies. Still involved with the family farm he is passionate about rural Australia and its people and hopes to use his role to act as an advocate for those involved in the grain sector. Away from work, he is a keen traveller, having spent his long service leave last year in Spain learning the language. | https://www.farmonline.com.au/story/7740130/gm-wheat-wins-food-safety-accreditation/ | 2022-05-16T16:25:43Z | https://www.farmonline.com.au/story/7740130/gm-wheat-wins-food-safety-accreditation/ | true | 1 |
May 2-6 is our opportunity to recognize the extra challenges facing teachers.
As Ohio and the nation observe National Teacher Appreciation Week, May 2 though 6, there’s even more reason this year to voice our gratitude for America’s classroom heroes. Teaching has always presented a special set of challenges and rewards for those choosing a career in education. But in 2022, after two years of pandemic disruptions, shifting mandates and staffing shortages, we have an even greater obligation to recognize the added burdens placed on an already demanding profession.
Being an educator myself, I clearly understand what it means to have the normal patterns of teaching and learning turned on their ear. From my own experience, I think especially of those who have only recently entered the profession and may never have experienced a “normal” year in the classroom. As chancellor of Western Governors University Ohio, I see hundreds of students in our teachers college graduate each year with accredited bachelor’s and master’s degrees in education. My thoughts are with them this Teacher Appreciation Week, proud to know they’re using the skills we taught them to succeed in a teaching career or to advance further in their profession.
To encourage more Ohioans to follow in these graduates’ footsteps and work toward a career in teaching, WGU Ohio is offering special $4,000 scholarships to help make the dream of a becoming a teacher more accessible. Available through June 30, these scholarships are for prospective teachers who want to earn their professional certification as well as for current educators ready to advance their careers with additional education. More information is available at www.wgu.edu/wgulovesteachers.
During Teachers Appreciation Week, WGU Ohio is also expressing our gratitude by delivering teacher appreciation kits to a number of K‑12 schools across the state. Kits contain a desk organizer, Post-it Notes, candy, pens and a note of appreciation for all they do. Additionally, we’ll be awarding Transforming Education Grants to Ohio teachers to help them fund their innovative classroom projects.
Educators and aspiring educators are among our nation’s most crucial professionals, and they deserve our thanks for their determination in the face of pandemic disruptions and a challenging teacher shortage. National Teacher Appreciation Week is not only an opportunity to show our gratitude to these very special people. It’s also a time for all of us – students, parents, community members – to strengthen our commitment to those who educate and mentor America’s next generation of leaders.
Dr. K. L. Allen is chancellor of WGU Ohio, the state affiliate of online, nonprofit Western Governors University. | https://www.newsbreak.com/news/2601423470976/may-2-6-is-our-opportunity-to-recognize-the-extra-challenges-facing-teachers | 2022-05-16T16:28:55Z | https://www.newsbreak.com/news/2601423470976/may-2-6-is-our-opportunity-to-recognize-the-extra-challenges-facing-teachers | false | 2 |
Top Sur La Table exclusives
Offering a range of useful products, Sur La Table is a go-to store for anything related to cooking, baking and hosting meals.
Besides stocking popular brand-name products, Sur La Table also features its own line of cookware and bakeware. Here are the best exclusive Sur La Table products for populating your kitchen.
Best Sur La Table products
An essential part of every active kitchen is the Dutch oven. This one offers both durability and versatility. With a 7-quart capacity, it caters to large households, allowing you to bake, braise, boil and fry meals. It’s also oven-safe up to 500 degrees and suitable for induction stovetops. It comes in four different shades, including light blue and white. Sold by Sur La Table
This set of three skillets provides safe and reliable cooking. Each one has a diamond-infused interior, a scratch-resistant surface and a sturdy stainless steel handle. They are lead-free and PFOA-free, but they still feature a convenient nonstick surface. The three pans — an 8-inch, a 10-inch and a 12-inch — are each coated in a different color for an exciting kitchen aesthetic. Sold by Sur La Table
Black Rectangular Stoneware Baker
This durable stoneware bake pan provides terrific value for its longevity and convenient use. Offered in three different sizes, this pan is safe for use in the freezer, microwave, dishwasher and oven up to 500 degrees. Cleaning it is quick and simple, and the matte black finish offers a modern look. Sold by Sur La Table
Anodized Nonstick 10-piece Cookware Set
Every active kitchen should have a matching cookware set to cover all your sauteing, frying and boiling needs. This 10-piece collection comprises two fry pans, two saute pans and two stock pots. Each piece has stay-cool riveted handles and tapered pouring rims for optimal convenience. The nonstick coating makes cooking and cleaning simpler, and each item is dishwasher-safe. Sold by Sur La Table
Whether you want to stir-fry, deep-fry or steam, this classic wok allows you to cook effortlessly at high heat without adding any oil. The maple handle creates a more rustic look. Despite its robust size, it’s lightweight and easy to wield. What’s more, the nonstick surface makes stirring, flipping and transferring contents easy. Sold by Sur La Table
If you’re wanting to steam ingredients, particularly in a wok, these bamboo steamer inserts are a healthy and sustainable way to do so. Two stackable layers allow you to use heat to steam a variety of meals evenly and conveniently. Traditional bamboo is an environmentally-friendly resource that is easy to clean and durably constructed. Bamboo also doesn’t affect the taste of your ingredients, preserving rich flavor. Sold by Sur La Table
This unique-shaped Moroccan cookware allows stews, roasts and other meals to stay moist, hot, tender and full of flavor. With low heat, condensation accumulates at the conical top, where the hot water then drips back down, softening and enriching your ingredients. The terra cotta finish is rustic and traditional. The design allows you to both cook meals and then serve them by removing the lid. Sold by Sur La Table
Another coveted specialized product on the list, this fondue set offers a sophisticated way to prepare for any dinner party or cocktail hour. The 18/10 stainless steel construction is modern and eye-catching while also providing durability and easy cleanup. The sturdy design is also safe. Its stable base and convenient slots for forks prevent any potential messes when enjoying your cheese or chocolate treats. Sold by Sur La Table
Classic Five-Ply Stainless Steel Saute Pan
Though it comes at a high price, this pan is designed for those seeking a high-end and versatile addition to their kitchen. With five-ply stainless steel construction, the pan heats up quickly and evenly. It also resists rusts and stains, making this not only a practical pan but one that will maintain its glimmering aesthetic for a long time. The sides are high to keep larger meals contained within but still sloped enough to make pouring and serving clean and easy. Sold by Sur La Table
This baking steel, made in the USA from recycled steel, generates and disperses high heat effectively. This makes it the ideal way to bake bread, cook pizza and craft delicious pastries. It can be safely used in the oven and on induction tops. You can also pop it in the freezer if you want to serve dishes or snacks on a cold plate. Sold by Sur La Table
Classic Five-Ply Stainless Steel 14-Piece Cookware Set
The most comprehensive cookware set offered by Sur La Table, this 14-piece collection covers all the kitchen cooking essentials. The high price is a result of durable, five-ply stainless steel construction, which offers impressive heat conductivity and longevity. The pans, saute pots and stock pots feature measurement markings on the interior sides for added convenience. The rims are designed for pouring the contents without dripping. Sold by Sur La Table
This specialized cookware piece may be unfamiliar to some, but it allows for a variety of uses in the kitchen, including baking, braising and roasting smaller items. A cocotte is essentially the French version of a Dutch oven; it boasts an oval shape, deep sides and a tight-fitting lid. The porcelain construction is safe for use in the freezer, microwave, broiler and oven up to 500 degrees. Sold by Sur La Table
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Anthony Marcusa writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://fox40.com/reviews/br/tools-br/the-12-best-sur-la-table-products/ | 2022-05-16T16:30:11Z | https://fox40.com/reviews/br/tools-br/the-12-best-sur-la-table-products/ | false | 31 |
E-Home Household Service Holdings Limited (NASDAQ:EJH) has seen 2.45 million shares traded in the last trading session. The company, currently valued at $13.81M, closed the last trade at $0.43 per share which meant it gained $0.02 on the day or 4.22% during that session. The EJH stock price is -18720.93% off its 52-week high price of $80.93 and 18.6% above the 52-week low of $0.35. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.21 million shares traded. The 3-month trading volume is 2.85 million shares.
E-Home Household Service Holdings Limited (NASDAQ:EJH) trade information
Sporting 4.22% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 05/13/22 when the EJH stock price touched $0.43 or saw a rise of 6.38%. Year-to-date, E-Home Household Service Holdings Limited shares have moved -71.13%, while the 5-day performance has seen it change -6.03%. Over the past 30 days, the shares of E-Home Household Service Holdings Limited (NASDAQ:EJH) have changed -35.73%. Short interest in the company has seen 1.15 million shares shorted with days to cover at 0.41.
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E-Home Household Service Holdings Limited (EJH) estimates and forecasts
The company’s shares have lost -82.34% over the past 6 months.
EJH Dividends
E-Home Household Service Holdings Limited is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
E-Home Household Service Holdings Limited (NASDAQ:EJH)’s Major holders
Insiders own 65.16% of the company shares, while shares held by institutions stand at 2.43% with a share float percentage of 6.96%. Investors are also buoyed by the number of investors in a company, with E-Home Household Service Holdings Limited having a total of 6 institutions that hold shares in the company. The top two institutional holders are Renaissance Technologies, LLC with over 0.54 million shares worth more than $0.8 million. As of Dec 30, 2021, Renaissance Technologies, LLC held 1.50% of shares outstanding.
The other major institutional holder is Two Sigma Investments, LP, with the holding of over 0.22 million shares as of Dec 30, 2021. The firm’s total holdings are worth over $0.33 million and represent 0.61% of shares outstanding. | https://marketingsentinel.com/2022/05/16/e-home-household-service-holdings-limited-ejh-has-risen-4-22-becoming-a-winning-stock-for-investors/ | 2022-05-16T16:34:18Z | https://marketingsentinel.com/2022/05/16/e-home-household-service-holdings-limited-ejh-has-risen-4-22-becoming-a-winning-stock-for-investors/ | false | 9 |
FINDING THE LIGHT TO DRIVE OUT HATE
WASHINGTON, May 16, 2022 /PRNewswire/ -- "Hate always terrorizes. That's the intention. As an African American woman who came of age during the Civil Rights era, I know at heart how hate works to harm some and paralyze or, at least, to immobilize others. But movement is life. It's certainly the way forward if Democracy is to survive and its aspirational tenets of equality are to be actualized. This is why we must see hateful acts, and their progenitors, hate speech on all forms of media, as threats to our collective health, well-being and future existence.
We must mobilize as a nation, come together to deny the expression of hate permission to continue expanding, unchecked on multiple airways across this nation. Sociologists probe whether the rises in hate speech can be directly linked to racial violence. This is not about free speech, it's about freedom to live healthily and permission for democracy to thrive. Communities in Buffalo, El Paso, Atlanta, Charleston and Charlottesville know this in their bones. Their minds and hearts are forever imprinted with the devastating and horrific memories of violence and lives lost loss simply because of their racial or other identities.
Racial hatred denies our right to exist, to live in loving relationship with ourselves and with one another. No entity, human or corporate, can be allowed to have or to proliferate that misguided right. Ending racism, in all its forms, is a public health and a national imperative. Governmental action to regulate social media through new mechanisms and to enforce existing laws is urgently needed, now.
But more is required.
The 21st century has ushered in new understanding about how molecular and cellular biology works to sustain life. Chemicals find receptors on our cell membranes before they can enter and catalyze action. No receptor, no effect. We need a parallel in our body politic. For example, the life-saving drug Narcan, prevents and reverses opioid overdoses by competing at the nine opioid cellular receptor sites. What are the interventions that can knock out receptors for hate? Available research tells us that authentic human engagements and positive meaningful interactions with perceived "others" can reduce fears and biases and, help counter receptivity to hateful narratives and rhetoric. We must mobilize, with clear intention, so hate can no longer find receptors in our hearts and body politic. This work will also help generate political will needed to expedite essential regulatory and enforcement actions that are urgently required. As Dr. King prophetically told us decades ago, "Darkness cannot drive out darkness, only light can do that. Hate cannot drive out hate, only love can do that."
(To schedule an interview with Dr. Christopher, please contact Michael K. Frisby 202-625-4328 or mike@frisbyassociates.com.)
About NCHE
Founded in 2014, NCHE established to promote health equity through action, leadership, inclusion and collaboration. We work to create environments that foster the best possible health outcomes for all populations, regardless of race, ethnicity, socioeconomic status or nativity. NCHE also works to improve conditions for health and well-being, including those related to housing, education, income and wealth and the physical and social environment. Further, it is imperative that we address historic and contemporary structural, institutional and interpersonal racism, which fuels inequities in our society. Dr. Gail C. Christopher, NCHE's executive director, is the former Senior Advisor and Vice President of the W. K. Kellogg Foundation and architect of the Truth, Racial Healing and Transformation framework. Her newly released book, Rx Racial Healing, is a narrative of her understanding of the power of racism and the need for healing.
Contact:
Michael K. Frisby
mike@Frisbyassociates.com/202-625-4328
View original content:
SOURCE NCHE | https://www.kplctv.com/prnewswire/2022/05/16/statement-by-dr-gail-c-christopher-executive-director-national-collaborative-health-equity/ | 2022-05-16T16:34:45Z | https://www.kplctv.com/prnewswire/2022/05/16/statement-by-dr-gail-c-christopher-executive-director-national-collaborative-health-equity/ | true | 13 |
(Bloomberg) -- President Joe Biden has authorized the US military to send hundreds of Special Operations troops back to Somalia to revive a counterterrorism mission that was ended by Donald Trump’s administration, according to a White House official.
Biden also gave the Defense Department authority to target about a dozen suspected leaders of the Somali al-Qaeda affiliate known as al-Shabaab, said the official, who requested anonymity to discuss the matter before it was announced publicly. Biden’s decision was reported earlier by the New York Times.
Earlier: U.S. Forces to Begin Withdrawing From Somalia on Trump’s Orders
The moves breath new life into a two-decade-long global fight against terrorist groups that began following the Sept. 11, 2011 attacks. Biden campaigned for president on a promise to wind down what he called the US’s “forever war” and last year pulled out forces from Afghanistan in a chaotic withdrawal that damaged his political standing.
The U.S. had about 700 troops in Somalia before Trump ordered them out of the country in an effort to make good on his own pledge to bring soldiers home. US Africa Command relocated them to an undisclosed location in East Africa.
It wasn’t immediately clear how many troops would be sent back into Somalia. The Special Operations forces will be responsible for helping limit al-Shabaab’s ability to execute complex operations by targeting its leadership, according to the official.
©2022 Bloomberg L.P. | https://www.bnnbloomberg.ca/biden-orders-us-troops-back-to-somalia-after-trump-withdrawal-1.1766661 | 2022-05-16T16:35:11Z | https://www.bnnbloomberg.ca/biden-orders-us-troops-back-to-somalia-after-trump-withdrawal-1.1766661 | false | 1 |
DigitalOcean Holdings Inc. (NYSE:DOCN) has seen 4.99 million shares traded in the last trading session. The company, currently valued at $3.57B, closed the last trade at $37.80 per share which meant it gained $4.12 on the day or 12.23% during that session. The DOCN stock price is -252.91% off its 52-week high price of $133.40 and 20.5% above the 52-week low of $30.05. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.07 million shares traded. The 3-month trading volume is 2.33 million shares.
The consensus among analysts is that DigitalOcean Holdings Inc. (DOCN) is a Buy stock at the moment, with a recommendation rating of 1.80. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 12 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.09.
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DigitalOcean Holdings Inc. (NYSE:DOCN) trade information
Sporting 12.23% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 05/13/22 when the DOCN stock price touched $37.80 or saw a rise of 2.02%. Year-to-date, DigitalOcean Holdings Inc. shares have moved -52.94%, while the 5-day performance has seen it change 5.53%. Over the past 30 days, the shares of DigitalOcean Holdings Inc. (NYSE:DOCN) have changed -30.39%. Short interest in the company has seen 8.17 million shares shorted with days to cover at 3.7.
Wall Street analysts have a consensus price target for the stock at $57.82, which means that the shares’ value could jump 34.62% from current levels. The projected low price target is $42.00 while the price target rests at a high of $80.00. In that case, then, we find that the current price level is -111.64% off the targeted high while a plunge would see the stock gain -11.11% from current levels.
DigitalOcean Holdings Inc. (DOCN) estimates and forecasts
Figures show that DigitalOcean Holdings Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -66.93% over the past 6 months, with this year growth rate of 97.06%, compared to 5.70% for the industry.
9 analysts offering their estimates for the company have set an average revenue estimate of $118.67 million for the current quarter. 6 have an estimated revenue figure of $125.87 million for the next quarter concluding in Mar 2022.
Earnings growth for 2022 is a modest 57.40% while over the next 5 years, the company’s earnings are expected to increase by 58.70%.
DOCN Dividends
DigitalOcean Holdings Inc. is expected to release its next earnings report on November 04 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
DigitalOcean Holdings Inc. (NYSE:DOCN)’s Major holders
Insiders own 44.19% of the company shares, while shares held by institutions stand at 54.92% with a share float percentage of 98.40%. Investors are also buoyed by the number of investors in a company, with DigitalOcean Holdings Inc. having a total of 356 institutions that hold shares in the company. The top two institutional holders are IA Venture Partners, LLC with over 7.4 million shares worth more than $594.8 million. As of Dec 30, 2021, IA Venture Partners, LLC held 6.78% of shares outstanding.
The other major institutional holder is IA Venture Strategies Fund II, LP, with the holding of over 7.4 million shares as of Dec 30, 2021. The firm’s total holdings are worth over $594.8 million and represent 6.78% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Blue Chip Growth Fund and First Tr Exchange Traded Fd II-First Tr Cloud Computing ETF. As of Nov 29, 2021, the former fund manager holds about 2.18% shares in the company for having 2.37 million shares of worth $239.41 million while later fund manager owns 2.14 million shares of worth $171.67 million as of Dec 30, 2021, which makes it owner of about 1.96% of company’s outstanding stock. | https://marketingsentinel.com/2022/05/16/why-should-we-buy-digitalocean-holdings-inc-docn-stock/ | 2022-05-16T16:36:21Z | https://marketingsentinel.com/2022/05/16/why-should-we-buy-digitalocean-holdings-inc-docn-stock/ | false | 1165 |
Ambac Financial Group, Inc. (NYSE:AMBC – Get Rating) Director Lisa G. Iglesias bought 6,250 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was purchased at an average price of $7.99 per share, for a total transaction of $49,937.50. Following the completion of the purchase, the director now directly owns 14,550 shares in the company, valued at approximately $116,254.50. The transaction was disclosed in a filing with the SEC, which is available through this link.
AMBC opened at $8.55 on Monday. The business has a 50 day moving average of $9.14 and a 200-day moving average of $13.13. The stock has a market capitalization of $397.96 million, a price-to-earnings ratio of -13.79 and a beta of 1.46. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 5.87. Ambac Financial Group, Inc. has a 1-year low of $7.24 and a 1-year high of $17.86.
Ambac Financial Group (NYSE:AMBC – Get Rating) last released its earnings results on Tuesday, May 10th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of ($0.72) by $1.02. Ambac Financial Group had a negative net margin of 6.03% and a positive return on equity of 3.31%. During the same quarter in the previous year, the company posted $0.59 earnings per share.
Institutional investors and hedge funds have recently modified their holdings of the stock. Brookfield Asset Management Inc. raised its holdings in Ambac Financial Group by 150.0% in the 3rd quarter. Brookfield Asset Management Inc. now owns 150,000 shares of the company’s stock valued at $2,148,000 after acquiring an additional 90,000 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Ambac Financial Group by 0.6% in the third quarter. Geode Capital Management LLC now owns 750,116 shares of the company’s stock valued at $10,741,000 after purchasing an additional 4,419 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its position in Ambac Financial Group by 17.5% in the third quarter. Metropolitan Life Insurance Co NY now owns 11,358 shares of the company’s stock worth $163,000 after purchasing an additional 1,689 shares during the period. Credit Suisse AG boosted its stake in Ambac Financial Group by 5.9% during the third quarter. Credit Suisse AG now owns 142,799 shares of the company’s stock worth $2,045,000 after buying an additional 7,990 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Ambac Financial Group in the 3rd quarter valued at $421,000. Hedge funds and other institutional investors own 77.94% of the company’s stock.
Separately, MKM Partners lowered their price target on Ambac Financial Group from $15.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 23rd.
Ambac Financial Group Company Profile (Get Rating)
Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; specialty property & casualty program insurance; credit derivative contracts; and interest rate derivative transactions, as well as managing general agency / underwriting services.
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Receive News & Ratings for Ambac Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambac Financial Group and related companies with MarketBeat.com's FREE daily email newsletter. | https://www.etfdailynews.com/2022/05/16/insider-buying-ambac-financial-group-inc-nyseambc-director-purchases-6250-shares-of-stock/ | 2022-05-16T16:36:33Z | https://www.etfdailynews.com/2022/05/16/insider-buying-ambac-financial-group-inc-nyseambc-director-purchases-6250-shares-of-stock/ | false | 1 |
This will be a big week for the retail sector, with fresh data and earnings due.
On Tuesday, the Commerce Department is likely to show retail sales were up 0.8% in April, following a 0.6% gain the month before. The data comes after the University of Michigan’s Consumer Sentiment Index slumped to its lowest level in nearly 11 years in May, as worries about inflation persist.
Also on Tuesday, Walmart is expected to report a fall in first-quarter profit, hurt by higher shipping and other supply chain costs. On Wednesday, Target is similarly expected to report a fall in first-quarter earnings hurt by higher shipping, warehousing and labor costs. Comments on consumer demand and inflation will also be in focus.
Home improvement chains Home Depot and Lowe’s will post their results on Tuesday and Wednesday, respectively. Analysts are projecting a decline in first-quarter revenue as higher mortgage rates and prices weigh on customers.
So far this year, Walmart (WMT) shares are up 2.4%, while Target (TGT) shares are down over 5%. Home Depot (HD) shares are nearly 28% lower, and Lowe’s (LOW) shares are down 24% so far this year.
"We need to pay attention to not only how much consumers are spending at these stores, but what we are spending our money on. Are we buying high-ticket items, or hitting the bargain bin? If it's the latter, retail sales and the profitability of these companies will suffer," suggested Caleb Silver, Editor-in-Chief of Investopedia. | https://www.investopedia.com/retail-stocks-and-data-in-focus-5272254 | 2022-05-16T16:36:51Z | https://www.investopedia.com/retail-stocks-and-data-in-focus-5272254 | true | 1 |
SAN FRANCISCO, May 16, 2022 /PRNewswire/ -- GliderAI has hired staffing industry leader Nimitt Sharma as VP of Strategic Solutions. In his new role, he will assist with the overall product roadmap, which includes developing and selling newer product lines for Glider. With an 18-year progressive career in the talent services space, he most recently served as Head of Client Acquisition and Business Development at Pyramid Consulting.
In research conducted by SIA, data showed customers using Glider AI recruiting software observed a 2.8x greater confidence in their hiring decisions. Glider's transformative technology was a key reason Sharma decided to join Glider. He shares, "I see the staffing industry at the epicenter of societal change, leading us to a more just, diverse and inclusive workplace. Glider's technology helps remove bias and ambiguity from the hiring process and empowers enterprises to hire with confidence. For candidates, Glider AI serves as the accelerator and vehicle that connects the right skills to the right job regardless of background or formal credentials."
As the company continues its journey to transform the recruiting industry, Glider AI CEO, Satish Kumar, plans to leverage Sharma due to his long history of supporting enterprise contingent hiring programs and DE&I initiatives. "We're elated about Nimitt's decision to join the team. His experience is invaluable and a differentiator for our company."
In 2021, the company reported high growth and brought in industry veteran Ben Walker to lead Operations and Customer Success. Since then, the company has hired other notable staffing industry veterans, including Christina Hilton from Pontoon Solutions and Eric Messinger, with former roles at Allegis, TEKSystems, and Kelly Services.
About Glider AI
Glider AI Talent Quality Platform, 2021 SIA winner for most innovative HR technology, provides hiring solutions including virtual assessments, live coding/video interviews, recruitment automation and more to scale hiring quality talent for the Enterprise, Staffing Firms, and MSPs.
Global brands like Intuit, PwC, Amazon, Capital One, and FINRA trust Glider to validate candidate quality and fit across any role in any industry. On average, customers see a 3x placement rate, a 50% reduction in time-to-fill, and a 98% improvement in candidate satisfaction. For more information, visit Glider AI.
CONTACT: Joseph Cole, 415-272-2077, joseph.cole@glider.ai
View original content:
SOURCE Glider | https://www.kxii.com/prnewswire/2022/05/16/staffing-leader-sia-40-under-40-nimitt-sharma-joins-glider-ai-lead-strategic-solutions/ | 2022-05-16T16:39:03Z | https://www.kxii.com/prnewswire/2022/05/16/staffing-leader-sia-40-under-40-nimitt-sharma-joins-glider-ai-lead-strategic-solutions/ | false | 20 |
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Kendrick Lamar tickets are on sale this week – how to get the best prices for the Big Steppers Tour
Dates have been announced for the rapper’s first tour since 2018
Just after the release of his newest album, Kendrick Lamar has officially announced the dates of his brand new tour - and he’s taking it worldwide.
The Big Steppers Tour will be Lamar’s first since his 2018 tour for album The DAMN. The rapper posted the poster for it to his official Twitter page on Friday last week (13 May).
The tour will showcase the best of Lamar’s new album, Mr Morale and The Big Steppers, which featured the likes of Florence Welch, Summer Walker and Beth Gibbons.
Highlights from the 73-minute album include Crown, Die Hard, Father Time and We Cry Together, as the rapper reflects on his own life as a musician and as a father.
The Independent’s review awarded the album five stars, dubbing it more “introspective” and “tender” than any of his previous. You can read the full review here.
Where to buy Kendrick Lamar tickets in the UK
UK tickets can be purchased via Live Nation. UK ticket purchasers can get tickets before the general onsale by signing up to My Live Nation. This entitles you to the pre-sale on Thursday 19 May at 10am.
General onsale will begin this Friday 20 May at 6pm.
Where to buy Kendrick Lamar tickets in the US
Presale tickets for those in the US will open on Ticketmaster on Thursday 19 May at 10am CDT.
Tickets for the general public will go on sale this Friday 20 May at 12pm. There are also options available for VIP packages and platinum tickets.
Prices are yet to be announced, but Ticketmaster states that ticket prices can fluctuate at any time based on demand.
Who will be supporting him?
Lamar’s tour will be supported by US rapper Baby Keem, who will feature on every stop of the tour, and Tanna Leone, who will perform at selected venues.
Enjoy unlimited access to 70 million ad-free songs and podcasts with Amazon Music Sign up now for a 30-day free trial
Sign upThe tour is sponsored by Cash App, Amazon Music and Rotation.
What are Kendrick Lamar’s Big Steppers Tour dates?
The North American leg of the tour will open in Oklahoma City on 19 July 2022, with 37 dates in total, including venues in Brooklyn, Oakland, Las Vegas and Los Angeles.
The tour will then run for 24 dates in Europe, including Berlin, London, and at Glastonbury Festival, before finishing with five dates across Australia and New Zealand. The final show will be held in Auckland, New Zealand, on 16 December.
6 June: Milano Summer Festival, Italy
26 June: Glastonbury Festival
7 October: Amsterdam, Netherlands
10 October: Prague, Czech Republic
11 October: Berlin, Germany
13 October: Amsterdam, Netherlands
13 October: Hamburg Germany
15 October: Copenhagen, Denmark
17 October: Stockholm, Sweden
19 October: Oslo, Norway
21 October: Paris, France
24 October: Stuttgart, Switzerland
25 October: Zurich, Switzerland
26 October: Laussane, Switzerland
28 October: Antwerp, Belgium
30 October: Cologne, Germany
31 October: Frankfurt, Germany
2 November: Glasgow, Scotland
3 November: Leeds, UK
4 November: Newcastle, UK
5 November: Birmingham, UK
7 November: London, UK
8 November: London, UK
13 November: Dublin, Ireland
16 November: Manchester, UK
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Join thought-provoking conversations, follow other Independent readers and see their replies
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Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today. | https://www.independent.co.uk/arts-entertainment/music/news/kendrick-lamar-presale-tickets-tour-b2080132.html | 2022-05-16T16:41:13Z | https://www.independent.co.uk/arts-entertainment/music/news/kendrick-lamar-presale-tickets-tour-b2080132.html | false | 8 |
Two sisters are campaigning to have their brother exhumed from his grave so their paedophile dad is not laid to rest next to him.
Last month Bethany Jackson and Hayley Cambridge discovered that their brother’s estranged father Kevin Harrison had been thrown in prison for plotting to “turn boys gay” at a local swimming pool in Blackburn.
As well as revulsion at his actions, the sisters were horrified that he owns the plot where their beloved brother Stephen Lee Wilcock had been laid to rest two decades before.
The pensioner is determined to be buried alongside his son, whom he only knew for the final five years of his life before he died of a heart defect at the age of 18.
The Blackburn sisters’ efforts to have the plot rights taken from jailed Harrison have so far been scuppered, leading them to push for Stephen to be exhumed, cremated and then laid to rest with their mum Linda Hogg, who died earlier this month.
“It is the fact that he is a paedophile,” Bethany, 28, told The Mirror.
“The moment (we found out his crimes) it destroyed us. I have an eight-year-old son and he helps me maintain my brother’s grave.
“I can’t take my son to that grave if Kevin were to pass and he is going to pass away sometime. I can’t take my children to that grave if there is a paedophile lying there.
“People are aware of his name. Our brother’s grave could get vandalised and damaged. Exhuming him is the only option we have.
“He (Harrison) said he wanted to be in the grave in a letter to my mum.”
For much of his short life Stephen did not know his dad, who subjected the boy’s mother Linda to DNA tests in a bid to prove he wasn’t the father.
They only got to know each other when Stephen turned 13 and even then, Bethany has claimed, their relationship was not a happy one.
The day before Stephen died he told his mum that Harrison had been going into his room to secretly read his letters and had accused him of hiding something.
When the young man died it rocked the family, casting Bethany, Hayley and Linda into deep grief.
Due to Linda’s financial situation at the time, she was unable to pay for her son’s grave – prompting Harrison to step in, and leaving him with the rights to the plot.
He drifted back out of the family’s lives until 2018 when Hayley and Bethany, who are not his children, met him for the first time since they were kids.
“When we found out our mum had terminal lung cancer, we spoke to this disgusting man and asked if we could buy the plot from him to allow our mum to go in with her first born child,” Hayley said.
“Our mum did not know we spoke to him. We wanted to get this for her as it was her final wish.
“Kevin said ‘no, he is going in that plot with him’, and refused to transfer the deeds into mum’s name. We told mum and it broke her.”
Two years later, and at that point in a better financial position, Linda wrote to Harrison herself and begged for him to sell the plot.
“She said ‘name a figure and we will pay’,” Bethany, who is doing a masters in law, explained.
“That was in 2020. My mum wrote to him and he said ‘no’. He said that will be his burial plot.
“It is really difficult. We understand everyone has rights, but the fact that he wants to go in there with his son is despicable.”
Harrison’s crimes were a mystery to Bethany and Hayley until they saw a piece in the Lancashire Telegraph recording his time in Preston Crown Court.
According to the court report the 70-year-old had schemed with an accomplice about meeting young boys at swimming pools and parks and how they’d “turn them gay”.
The pair had texted back and forth the day before their plan, with Harrison saying he enjoyed watching a 13-year-old boy in his school uniform.
Harrison, who represented himself, pleaded not guilty to the charges. A jury found him guilty of arranging and facilitating the commission of a child sex offence and publishing an obscene article after a trial on March 3.
He told the court that he was “not dangerous to children” and that the plot was “pure fantasy”.
Bethany and Hayley are completely unconvinced by his excuses and determined that he should not be buried by their brother.
“We cannot allow this man to be laid to rest when he dies, with our brother,” Hayley said.
“This seems so surreal that this is happening now. We pray for this man to never be buried with our brother.”
The sisters have contacted their local council and MP to try and have the deeds changed, but have had no luck.
Now their only hope is to have Stephen exhumed, but even this requires permission from Harrison.
If he refuses – which the sisters are certain he will continue to do – they will have to make a costly application to the Ministry of Justice.
They hope that by telling their story those in local councils and central government with their hands on the levers of power will consider changing the laws around burial rights.
“Ultimately now, our goal is to do what we can but potentially campaign to change the laws surrounding exclusive rights of burials for situations like these,” Bethany said.
“It is something I’m looking into and hope to get somewhere in order to help not just my family, but other families out there who could be going through the same thing.”
A spokesperson for Blackburn with Darwen Borough Council said: “As Mr Harrison is the legal owner of the grave, he has exclusive rights of burial for that plot.
“The Council cannot authorise an exhumation, however the Ministry of Justice can provide a licence for exhumation and reburial.
“Given the circumstances, our staff in the cemeteries office has been in direct contact with the family to offer advice and support.” | https://www.adomonline.com/family-fighting-to-exhume-brother-to-stop-paedophile-dad-being-buried-with-him/ | 2022-05-16T16:41:26Z | https://www.adomonline.com/family-fighting-to-exhume-brother-to-stop-paedophile-dad-being-buried-with-him/ | false | 2 |
Uber adds electric vehicle options in update
Uber announced Monday that ride-hailing customers in some California cities will be able to summon rides in “premium” electric vehicles (EV) like Teslas and Polestars.
The new feature — which rolls out this week in Los Angeles, San Francisco and San Diego, as well as Dubai — is part of a push by the ride-hailing giant to expand its electric offerings as it seeks to ensure that its U.S.- and Europe-based fleets will have zero emissions by 2030.
Uber Vice President of Product Sachin Kansal said the feature is part of a broader suite of upgrades to the company’s driver platform to “provide drivers with the insights they need to go electric.”
“We’ve set a high bar for ourselves to become the cleanest mobility platform on earth – and enlisting drivers to join in the effort is a crucial step,” Kansal said in a statement.
The company is launching the feature at the beginning of what Expedia has predicted will be the busiest travel summer on record.
The update will include new maps of EV charging stations — complete with speed and type of charger — which will be integrated this summer into driver tools alongside other services, like gas stations and restrooms.
Uber’s driver platform will also incorporate a “one-stop shop” of information on how to “save money by going electric,” according to Uber.
These include a tool that allows drivers to make side-by-side comparisons of the lifetime costs of specific gas and electric cars, as well as links to local tax incentives.
A version of the software reviewed by The Hill also included information on cost-saving programs for turning in old vehicles, incentives for buying chargers and state incentives for purchasing electric cars, like the California Clean Vehicle Rebate Program.
The features build on an existing push by Uber to lower the emissions of its fleet. Customers in many cities can already order low-emission “Green” rides, which can be filled by either hybrid or EV drivers.
Last year, Uber signed a deal with rental company Hertz to make 50,000 Tesla Model 3s available to drivers with a rating of above 4.85 stars and more than 100 trips.
The company has also earmarked $800 million to help drivers go electric, much of which goes to a bonus program that offers EV drivers an additional $1 per ride — and which can earn them up to $4,000 a year under the company’s Green Future program.
The company also offers discounts on EV charging, as well as discounts for home chargers and — in California — rooftop solar.
The Hill has removed its comment section, as there are many other forums for readers to participate in the conversation. We invite you to join the discussion on Facebook and Twitter. | https://thehill.com/policy/equilibrium-sustainability/3489897-uber-adds-electric-vehicle-options-in-update/ | 2022-05-16T16:42:39Z | https://thehill.com/policy/equilibrium-sustainability/3489897-uber-adds-electric-vehicle-options-in-update/ | false | 1 |
PITTSBURGH, May 16, 2022 /PRNewswire/ -- "I was at the beach with my family of 18 people and I wanted an 'active' game that we could play together that would accommodate the wide age range of our family," said an inventor, from Spotsylvania, Va., "so I invented PADDLE BOXIN. My design provides a competitive edge to a paddle game without needing a court. It also offers continuous gameplay with some cardio for a wide age range."
The invention provides a fun and challenging volley-style, paddle game for adults and children. In doing so, it offers an outdoor game with non-stop action. It also sparks friendly competition on grass, sand or the gym floor. The invention features a portable design that is easy to carry, set up and play so it is ideal for individuals ages 10 and older. Additionally, a prototype is available.
The original design was submitted to the Richmond sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-RKH-255, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
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SOURCE InventHelp | https://www.weau.com/prnewswire/2022/05/16/inventhelp-inventor-develops-fun-amp-challenging-outdoor-game-rkh-255/ | 2022-05-16T16:47:39Z | https://www.weau.com/prnewswire/2022/05/16/inventhelp-inventor-develops-fun-amp-challenging-outdoor-game-rkh-255/ | true | 13 |
Progyny (NASDAQ:PGNY – Get Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $0.07-$0.14 for the period, compared to the consensus earnings per share estimate of $0.12. The company issued revenue guidance of $735.00 million-$775.00 million, compared to the consensus revenue estimate of $754.06 million.Progyny also updated its Q2 2022 guidance to $0.01-$0.02 EPS.
A number of analysts have issued reports on the company. Zacks Investment Research raised Progyny from a hold rating to a buy rating and set a $38.00 target price on the stock in a research report on Thursday. TheStreet lowered Progyny from a c- rating to a d+ rating in a research report on Friday, January 28th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Buy and a consensus price target of $65.86.
NASDAQ:PGNY opened at $36.94 on Monday. The company has a fifty day simple moving average of $43.58 and a two-hundred day simple moving average of $46.35. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 65.96, a price-to-earnings-growth ratio of 18.46 and a beta of 2.01. Progyny has a 52 week low of $32.06 and a 52 week high of $68.32.
In other Progyny news, Director Norman Payson sold 6,618 shares of the company’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $33.45, for a total value of $221,372.10. Following the completion of the transaction, the director now owns 490,828 shares in the company, valued at $16,418,196.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David J. Schlanger sold 50,000 shares of the company’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $51.82, for a total transaction of $2,591,000.00. Following the completion of the transaction, the chairman now owns 84,000 shares of the company’s stock, valued at approximately $4,352,880. The disclosure for this sale can be found here. In the last quarter, insiders have sold 540,384 shares of company stock valued at $22,977,294. Insiders own 14.00% of the company’s stock.
A number of institutional investors have recently modified their holdings of PGNY. Lazard Asset Management LLC purchased a new position in Progyny in the first quarter valued at about $62,000. Parkside Financial Bank & Trust purchased a new position in Progyny in the first quarter valued at about $70,000. Mackenzie Financial Corp acquired a new stake in shares of Progyny in the first quarter valued at approximately $216,000. Cetera Investment Advisers grew its position in shares of Progyny by 4.4% in the fourth quarter. Cetera Investment Advisers now owns 6,359 shares of the company’s stock valued at $320,000 after purchasing an additional 270 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of Progyny by 25.2% in the first quarter. Bank of Montreal Can now owns 7,278 shares of the company’s stock valued at $381,000 after purchasing an additional 1,465 shares during the last quarter. 82.51% of the stock is owned by institutional investors.
About Progyny (Get Rating)
Progyny, Inc, a benefits management company, specializes in fertility and family building benefits solutions for employers in the United States. Its fertility benefits solution includes differentiated benefits plan design, personalized concierge-style member support services, and selective network of fertility specialists.
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Receive News & Ratings for Progyny Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Progyny and related companies with MarketBeat.com's FREE daily email newsletter. | https://www.etfdailynews.com/2022/05/16/progyny-nasdaqpgny-updates-fy-2022-earnings-guidance/ | 2022-05-16T16:48:16Z | https://www.etfdailynews.com/2022/05/16/progyny-nasdaqpgny-updates-fy-2022-earnings-guidance/ | false | 1 |
Reply (OTC:RPYTF – Get Rating) was upgraded by research analysts at Cheuvreux from a “reduce” rating to a “hold” rating in a research note issued to investors on Monday, The Fly reports. The firm currently has a €119.00 ($125.26) target price on the stock.
OTC RPYTF opened at $156.74 on Monday. Reply has a twelve month low of $156.74 and a twelve month high of $210.00.
About Reply (Get Rating)
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Receive News & Ratings for Reply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reply and related companies with MarketBeat.com's FREE daily email newsletter. | https://www.etfdailynews.com/2022/05/16/reply-otcrpytf-rating-increased-to-hold-at-cheuvreux/ | 2022-05-16T16:49:25Z | https://www.etfdailynews.com/2022/05/16/reply-otcrpytf-rating-increased-to-hold-at-cheuvreux/ | false | 2 |
(UPDATE - 8:27 a.m.) Lincoln Fire & Rescue reports Montana Highway 200 has been reopened north of Lincoln.
No other information is available at this time.
(1st REPORT, 12:05 a.m.) There is a potential hostage situation just north of Lincoln.
The Montana Highway Patrol reports that an armed barricade is taking place along US Highway 200.
MHP says EMTs were called to a medical scene when the patient became armed.
Highway 200 — about nine miles north of Lincoln — is currently blocked off.
MHP states this is a potential hostage situation.
We have additional information as it becomes available.
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- Attempted "abduction" in GF was not | https://www.krtv.com/news/montana-and-regional-news/highway-200-reopens-after-potential-hostage-situation-near-lincoln | 2022-05-16T16:50:51Z | https://www.krtv.com/news/montana-and-regional-news/highway-200-reopens-after-potential-hostage-situation-near-lincoln | true | null |
Only 3 states have average gas prices below $4 per gallon, report finds
(Gray News) - Gas prices nationwide have gone up for the fourth straight week.
The national average is now $4.46 per gallon, up 15.3 cents from a week ago, according to GasBuddy.
As of Monday, there are only three states with a gas price average below $4 per gallon – Georgia, Kansas and Oklahoma. Even so, those states’ averages all sit at $3.98 per gallon.
Patrick De Haan, head of petroleum analysis at GasBuddy, said prices later this week could be closer to $5 per gallon.
“While the increases may start to slow in the days ahead as pump prices catch up to oil, there isn’t much reason to be optimistic that we’ll see a plunge any time soon,” De Haan said in a statement.
The states with the highest average gas prices are California ($5.95 per gallon), Hawaii ($5.27 per gallon), and Nevada ($5.15 per gallon).
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.kwtx.com/2022/05/16/only-3-states-have-average-gas-prices-below-4-per-gallon-report-finds/ | 2022-05-16T16:51:21Z | https://www.kwtx.com/2022/05/16/only-3-states-have-average-gas-prices-below-4-per-gallon-report-finds/ | true | 21 |
BUFFALO, N.Y. — The Tops on Jefferson Avenue will be closed indefinitely, but it was the store that many in its immediate area depended on.
To help with community need, Lyft and Uber, as well as Tops have stepped up to assist in getting people to other grocery stores.
On Sunday, Tops announced that it will be providing a shuttle service for people to get to a nearby store on Elmwood Avenue. The shuttle will run from 10 a.m. to 7 p.m. daily. People can get the shuttle at Jefferson Avenue and Riley Street.
Tops release the following statement:
"While the Tops location at Jefferson Avenue will remain closed until further notice, we are steadfast in our commitment to serving every corner of our community as we have for the past 60 years. Knowing the importance of this location and serving families on the east side of the city, we have taken immediate steps to ensure our neighbors are able to meet their grocery and pharmacy needs by providing free bus shuttle service starting today. The schedule today is from 10am - 5pm and then beginning tomorrow, Monday from 10am – 7pm daily from Jefferson Ave & Riley St. to the nearby Tops on Elmwood Ave.
"We are also working closely with Council Member Ulysees Wingo Sr., who represents the Masten District, to provide free food and supplies to our neighbors via the Resource Council of WNY at 347 East Ferry St. in Buffalo."
Gov. Kathy Hochul said a press conference in Buffalo on Sunday that Uber and Lyft will help to provide rides for people in the 14208 and 14209 zip codes to local grocery stores Tops Friendly Markets on 425 Niagara Street and Price Rite on 250 Elmwood Avenue.
On Sunday night, Lyft shared the code "BuffaloLyftUp" for riders to use for up to $25 in the app.
Uber riders can use the code "SHOPBUF" in the app for up to $20 off a ride. There is a maximum of eight riders per customer.
Other local organizations have been holding food distribution events.
FeedMore WNY is partnering with Resource Council of WNY to distribute food donations to community members on Monday, May 16, from 2 p.m. to 9 p.m., at the Resource Council of WNY, located at 347 E. Ferry St, Buffalo.
Distributions will continue to take place at the Resource Council of WNY from 9 a.m. to 9 p.m., Monday through Sunday, from May 17 through May 25.
Slow Roll Buffalo will be holding a free food distribution from 5 p.m. to 8 p.m. or until supplies run out at Em Tea Coffee Cup on Oakgrove Avenue from 12 p.m. to 6 p.m. | https://www.wgrz.com/article/news/local/transportation-services-being-offered-who-depended-tops-jefferson-ave-following-mass-shooting/71-c9d897b3-88dc-4fbc-9e31-93f051478737 | 2022-05-16T16:52:09Z | https://www.wgrz.com/article/news/local/transportation-services-being-offered-who-depended-tops-jefferson-ave-following-mass-shooting/71-c9d897b3-88dc-4fbc-9e31-93f051478737 | true | 1 |
Storm Prediction Ctr, Norman, OK Warnings, Watches and Advisories for Monday, May 16, 2022
_____
SEVERE THUNDERSTORM WATCH
BULLETIN - IMMEDIATE BROADCAST REQUESTED
SEVERE THUNDERSTORM WATCH OUTLINE UPDATE FOR WS 226
NWS STORM PREDICTION CENTER NORMAN OK
1125 AM EDT MON MAY 16 2022
SEVERE THUNDERSTORM WATCH 226 IS IN EFFECT UNTIL 400 PM EDT
FOR THE FOLLOWING LOCATIONS
NY
. NEW YORK COUNTIES INCLUDED ARE
BROOME CAYUGA CHEMUNG
CHENANGO CORTLAND DELAWARE
JEFFERSON LEWIS MADISON
ONEIDA ONONDAGA OSWEGO
OTSEGO SCHUYLER SENECA
STEUBEN SULLIVAN TIOGA
TOMPKINS WAYNE YATES
...A SEVERE THUNDERSTORM WARNING REMAINS IN EFFECT UNTIL 1145 AM EDT
FOR CENTRAL STEUBEN COUNTY...
At 1122 AM EDT, a severe thunderstorm was located near Cameron, or 16
miles west of Corning, moving northeast at 30 mph.
HAZARD...60 mph wind gusts and quarter size hail.
SOURCE...Radar indicated.
IMPACT...Hail damage to vehicles is expected. Expect wind damage to
roofs, siding, and trees.
Locations impacted include...
Bath, Campbell, Addison, Woodhull, Jasper, Thurston, Cameron, Savona,
Hammondsport and Meads Creek.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Prepare immediately for large hail and damaging winds. People outside
should move to a shelter, inside a strong building and away from
windows.
Remember, if you can hear thunder, you are close enough to be struck
by lightning.
Torrential rainfall is occurring with this storm, and may lead to
flash flooding. Do not drive your vehicle through flooded roadways.
THE NATIONAL WEATHER SERVICE HAS ISSUED SEVERE THUNDERSTORM WATCH
226 IN EFFECT UNTIL 4 PM EDT THIS AFTERNOON FOR THE FOLLOWING
AREAS
IN NEW YORK THIS WATCH INCLUDES 16 COUNTIES
IN CENTRAL NEW YORK
BROOME CHEMUNG CHENANGO
CORTLAND DELAWARE MADISON
ONEIDA ONONDAGA OTSEGO
SCHUYLER SENECA STEUBEN
SULLIVAN TIOGA TOMPKINS
YATES
IN PENNSYLVANIA THIS WATCH INCLUDES 7 COUNTIES
IN NORTHEAST PENNSYLVANIA
BRADFORD LACKAWANNA LUZERNE
PIKE SUSQUEHANNA WAYNE
WYOMING
THIS INCLUDES THE CITIES OF BINGHAMTON, CORNING, CORTLAND, DELHI,
ELMIRA, HALLSTEAD, HAMILTON, HAWLEY, HAZLETON, HONESDALE,
HORNELL, ITHACA, MILFORD, MONTICELLO, MONTROSE, NORWICH, ONEIDA,
ONEONTA, OWEGO, PENN YAN, ROME, SAYRE, SCRANTON, SENECA FALLS,
SYRACUSE, TOWANDA, TUNKHANNOCK, UTICA, WALTON, WATKINS GLEN,
WAVERLY, AND WILKES-BARRE.
_____
Copyright 2022 AccuWeather | https://www.registercitizen.com/weather/article/NY-Storm-Prediction-Ctr-Norman-OK-Warnings-17175962.php | 2022-05-16T16:55:25Z | https://www.registercitizen.com/weather/article/NY-Storm-Prediction-Ctr-Norman-OK-Warnings-17175962.php | true | 20 |
- AbbVie Inc (ABBV) and Cugene Inc have announced an exclusive worldwide license option agreement for CUG252 for the potential treatment of autoimmune and inflammatory diseases.
- Cugene's lead candidate, CUG252, is an engineered IL-2 mutein designed to selectively activate and expand immune-suppressive Treg cells while reducing undesired IL-2 activity on other IL-2 receptor-expressing cells for autoimmune diseases.
- CUG252 is currently in a Phase 1 study in healthy volunteers.
- Cugene will receive an upfront payment of $48.5 million and be eligible to receive development and regulatory milestones and a license option exercise payment if AbbVie exercises the option.
- In addition, Cugene may also receive commercialization and sales-based milestones and tiered royalties.
- AbbVie will receive an option to obtain an exclusive license for certain IL-2 muteins, including CUG252.
- Cugene will conduct a Phase 1b study in patients with autoimmune/inflammatory disease during the option period.
- Upon exercising the option, AbbVie will conduct all future clinical development, manufacturing, and commercialization activities for CUG252.
- Price Action: ABBV shares are up 1.42% at $155.69 during the market session on the last check Monday.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. | https://www.benzinga.com/general/biotech/22/05/27223520/abbvie-cugene-ink-licensing-pact-for-autoimmune-inflammatory-disease-candidate | 2022-05-16T16:58:08Z | https://www.benzinga.com/general/biotech/22/05/27223520/abbvie-cugene-ink-licensing-pact-for-autoimmune-inflammatory-disease-candidate | true | 1 |
Last week, I said Kobe was one of my favorite 90 Day Dads. I begged him not to disappoint me. So, of course, this episode gets its title from a fight between Kobe and Emily. Emily is used to breastfeeding in front of her family, which Kobe thinks is weird. He also thinks it’s odd that Emily is still breastfeeding at seven months. With baby formula shortages, the entire nation has recently had a crash course in how breastfeeding works, so it’s absolutely fair for Emily to go about her breastfeeding journey as she sees fit!
At first, this seems like a cultural difference, but it turns into an issue of power dynamics. Kobe wants to make it clear how he expects a wife to speak to him. Emily has been raising her kid how she wants. I had faith these two would make it, but by the time Emily is kicking Kobe out of bed and forcing him to sleep alone, I felt as concerned as Emily’s parents did. Also, kudos to her parents for staying out of the fight. If these two are going to make mistakes, they won’t be able to blame her family’s influence.
Shaeeda meets Bilal’s kids this week and it’s as bad as their other family reunions have gone! Bilal clearly hasn’t said a word to his children about his intentions with Shaeeda and they have no idea how to approach her. The kids bring up the baby issue and Bilal gaslights Shaeeda again. Of course the kids aren’t comfortable calling her umi when it seems like she barely knows their father! Shaeeda said she wants kids! Make a choice, Bilal! Shaeeda just wants to know if you’re worth staying in America for kids or if she should start her family back home.
Relationships are doomed when they start with this kind of manipulation and that’s why I’m also excited for the trainwreck that will be Patrick and Thais. I really wanted to believe in their love story, but Thais hasn’t even told her father the truth! It’s hard to believe she really believes in this marriage when she hasn’t even told her dad about it. Thais has an escape plan! I’m just in it to hear Patrick’s brother John ask Thais incredibly pointed questions until the wheels fall off this thing.
As messy as Thais and Patrick seem, they can’t beat Ari and Bini. Ari already told us her parents got them an apartment, but she also insists that her mother forced them to get a two-bedroom apartment. After they move in, Ari’s mom makes it clear she expects Ari to take over the rent and Ari is shocked. She blames her mom for getting the more expensive apartment, but if this was an issue, I’m sure Ari could’ve insisted that Janice stay within their budget. Instead Ari is just shocked her parents would expect her to take on utility bills and rent! Girl, what did you think! Get a job! She knows Bini can’t work, did she just move her family to America to live off her parents?
When it comes to Kara and Guillermo, I do feel like she just brought him over as a joke. Even Kara’s family says she’s never been serious about anyone. Her family is polite enough, even with their weird intimidating stalker talk, but they know these are two naive kids. Remember: This woman’s full time job is balloons! Balloons! That is not the job of a serious woman who can support a husband! Guillermo looks like he has a feeling that Kara isn’t exactly a responsible adult, but he’s willing to grow up if it means a new life in America.
Yve and Mohamed celebrate his first morning in America, which turns into a pretty sad affair when Yve has to go to work. Pretty quickly, Mohamed shows us he does not know how to cook or take care of himself. I’m pretty sure he didn’t eat or do anything until Yve came back home. When he asked Yve to put ketchup on his plate, I had flashbacks of when I used to babysit children. I don’t know why Yve is just ignoring these huge red flags, but their cultural differences don’t even seem to be on her radar.
We’ve finally met all of our couples for the season, but “Breast Intentions” doesn’t feel like it even scratches the surface of the drama to come. Maybe it’s just because this episode had a lot less Boston accent, but it felt like we just rehashed the stakes we already know exist for each couple. I’m ready for Yve’s friends to meet Mohamed! I want Shaeeda to force the baby conversation! I want Kara to get drunk and show Guillermo she isn’t ready for marriage! While this might’ve been a slow early episode, there’s still enough on the table this season to keep me interested.
90 Day Notes
• Emily’s parents tried so hard to disappear into the background during that fight. They’re right, though, it’s not a great sign these two are already fighting. Also, their kid is going to have to get used to Kobe! Let them spend the night together!
• I understand why Yve hired someone for that bidet, I got one and still haven’t put it in yet. It’s hard! I do not think Mohamed is ready to babysit!
• Bilal might be this season’s villain, but his kids are great! They’re so smart. I loved the daughter’s diplomatic answer on calling Shaeeda mom! “I’ll definitely take that into consideration.” Fair!
• Thais, listen to your family. You are not going to like living in that frat house!
• Shaeeda has a strong support system, she’ll be okay without Bilal! I like that she has people to turn to, a lot of people this season are on their own.
• I do like the nickname “New Jersey Bini.”
• Shaeeda really loves that new house, doesn’t she? | https://www.vulture.com/article/90-day-fiance-recap-season-9-episode-5-breast-intentions.html | 2022-05-16T16:58:35Z | https://www.vulture.com/article/90-day-fiance-recap-season-9-episode-5-breast-intentions.html | true | 1 |
NEW YORK, May 16, 2022 /PRNewswire/ -- Magic EdTech, a provider of accessible and inclusive digital learning services, has been awarded the ISO 27001:2013 certification as of April 27, 2022. This is an affirmation that the organization meets the highest international standards of information security management and security compliance.
The ISO (International Organization for Standardization) and IEC (International Electrotechnical Commission) 27001 certificate is the most globally recognized information security standard defined by the International Organization for Standardization (ISO). It effectively demonstrates that Magic EdTech has invested in the people, processes, and technology (e.g. tools and systems) that are deemed vital to protect the organization's data, including learner information, financial information, intellectual property, employee details, and information entrusted by third parties.
"The education sector demands that cyber security is given prime importance," says Sanjay Kabra, Chief Operating Officer of Magic EdTech. He further added that "In the era of widespread digital threats, a learning technology provider must have adequate security controls in place to deliver trustworthy services. Our team works continuously to ensure that we handle and manage sensitive client information effectively in order to safeguard the integrity, confidentiality, and availability of data."
"Achieving the ISO 27001:2013 certification is a great milestone for Magic EdTech and it indicates that we have the necessary systems and processes in place to meet the ISMS needs of our clients going forward," says Bhavna Narula, Chief Information Security Officer (CISO), Magic EdTech.
Magic EdTech provides digital learning solutions to publishers, educational institutions, and edtech companies. Some of their key offerings in the learning space include product and platform development, mobile app security, along with accessibility, diversity, equity, and inclusion (DE&I) offerings for learning content. The organization recently rebranded to reflect the need for more inclusive learning environments with the tagline "Digital Learning For Everyone."
Media Contact:
Pooja Sharma
Senior Manager - Marketing
+91 8800257963
Pooja.sharma@magicedtech.com
View original content to download multimedia:
SOURCE Magic EdTech | https://www.14news.com/prnewswire/2022/05/16/magic-edtech-achieves-iso-270012013-certification/ | 2022-05-16T16:59:54Z | https://www.14news.com/prnewswire/2022/05/16/magic-edtech-achieves-iso-270012013-certification/ | true | 20 |
A whale with a lot of money to spend has taken a noticeably bearish stance on Veru.
Looking at options history for Veru VERU we detected 14 strange trades.
If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $78,475 and 12, calls, for a total amount of $639,148.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $15.0 for Veru over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Veru options trades today is 2584.0 with a total volume of 12,432.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Veru's big money trades within a strike price range of $5.0 to $15.0 over the last 30 days.
Veru Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
Where Is Veru Standing Right Now?
- With a volume of 26,871,429, the price of VERU is up 3.38% at $13.44.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 87 days.
What The Experts Say On Veru:
- Jefferies has decided to maintain their Buy rating on Veru, which currently sits at a price target of $55.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for {d[company_name]}, Benzinga Progives you real-time options trades alerts.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. | https://www.benzinga.com/markets/options/22/05/27227345/veru-whale-trades-for-may-16 | 2022-05-16T17:00:25Z | https://www.benzinga.com/markets/options/22/05/27227345/veru-whale-trades-for-may-16 | true | 2229 |
JERUSALEM (AP) — A Polish Nobel Prize-winning author on Sunday called Russia a threat to the “free world,” saying its attack on neighboring Ukraine had echoes of the Second World War.
Olga Tokarczuk, known for her humanist themes and playful, subversive streak, spoke at the Jerusalem International Writers Festival.
“The Poles share the Ukrainian feeling of danger that Russia presents to the free world,” Tokarczuk said, adding that the Polish government had warned about the risk presented by Russian aggression for years.
Poland, Ukraine’s western neighbor, has taken in over three million Ukrainian refugees since Russia launched its invasion in late February. Warsaw has called for tough international sanctions against Russia.
“Nobody could imagine that this war would be so cruel so anachronistic and this war brings to mind the horrible images of World War Two,” she said.
Tokarczuk was awarded the Nobel Prize for Literature in 2018 for her 18th-century epic “The Books of Jacob,” about a Jewish mystic and sect leader named Jacob Frank. | https://www.nwahomepage.com/news/entertainment-news/polish-nobel-author-says-russia-threat-to-free-world/ | 2022-05-16T17:02:13Z | https://www.nwahomepage.com/news/entertainment-news/polish-nobel-author-says-russia-threat-to-free-world/ | false | 27 |
British Columbia is set to launch one-stop support centres for children with issues like ADHD, autism and Down syndrome, but parents say promises of a no-wait system that won’t require assessments or a diagnosis seem unrealistic due to a shortage of health-care professionals.
The plan is to open 40 so-called family connections centres, or hubs, across the province.
Four are slated to provide services under a pilot program from next year — three in northwestern B.C., and another in the central Okanagan.
The province has given community agencies until July to tender for initial implementation of the program, and contracts are expected to be awarded in the fall. More proposals will be sought for the remaining centres that are to begin operating by 2024 to support neurodiverse kids and youth up to age 19.
Families of autistic children will then no longer get the current funding of up to $22,000 a year until age six, and $6,000 annually to age 18. Instead, they will be provided services through the new system.
Julia Boyle, executive director of Autism BC, said the province has not provided information about staffing and protocols for the “complex transition” to a new system that could have parents of thousands of neurodiverse kids “knocking on the doors of these hubs.”
There is not enough time for consultations with advocacy groups before the pilot program starts, and to fully shift from individualized funding for autistic kids to the new hubs is another major change in two years, Boyle said.
“It makes more and more sense to have a phased rollout,” she said. “That’s ultimately what I’m pushing for.”
Government “spin” over autism funding has created divisions about inequity because many parents of children with other needs have been paying out of pocket, Boyle said. That has led some to accuse the autism community of being “selfish,” she said.
“It’s on the government to come up with solutions,” Boyle said, suggesting funding could have been provided more equitably to all families in need, instead of being taken away from those who had fought to get it.
The first four hubs will be in Prince Rupert, Terrace, Smithers, and Kelowna. But it’s unlikely many parents of autistic kids in those communitieswould choose to immediately give up funding and switch to the hubs, Boyle said, since participation in the pilot program will be optional.
That could hinder evaluation of the hubs before the program is launched provincewide, she said.
Mitzi Dean, minister of children and family development, said her ministry will be “observing where families are able to make that transition and what it is that’s working for that transition.”
Dean said the goal of the new system is to give families access to a team of service providers from speech and occupational therapists to behavioural interventionists and replace a patchwork of programs that are “not working for far too many families.”
“Each family will have a primary member of a team that they will connect with, and they’ll work together to design the circle of care to wrap around their children and youth with support needs,” she said.
Dean did not directly respond to a question on whether psychologists and psychiatrists would be part of these teams but said mental health support and professionals will be available without a referral.
Parents can access the centres when they start noticing their child is not meeting certain milestones, she said.
“The problem at the moment is that services are locked behind a diagnosis,” she said. “And that limits access to services at the time that a parent or family might recognize that there might be a need or an issue. Then that causes that bottleneck as well. Then, even depending on what diagnosis you get, you still might not get services, or you become a case manager for your own child.”
Dean said parents are “exhausted” trying to find and co-ordinate support on their own and will no longer need to make that effort under the new system, which aims to provide disability and support services to about 28 per cent more children earlier in their development.
As for staffing, she said the province is working with service providers to bring multidisciplinary teams together.
“By building a system and having local community agencies be able to employ a range of health professionals and also subcontract with other people who are able to provide services in the community, that’s how we’re going to be able to deliver this system and work in partnership with community agencies.”
Candice Murray, a registered psychologist and clinical instructor at the University of British Columbia, questioned how a child with attention deficit hyperactivity disorder, which is her specialty, would get help at a hub without having had an assessment, which can be time consuming and complicated.
Behaviour, medication, sleep and eating patterns, parenting and triggers are among the many factors that must be considered during an assessment, said Murray, former head of the ADHD clinic at BC Children’s Hospital. Most effective intervention strategies were based on such an assessment, she said.
“Who’s going to be working in the hubs? The child and youth mental health teams don’t take kids with ADHD,” Murray said of the service currently provided by the Children’s Ministry.
“I don’t know if they would be involved in hubs but they don’t have any experience or training, so that’s another concern I have. Where are all these people going to come from, and who’s going to train them?”
ADHD is not officially recognized as a disability, so children often do not get the support they need at school, even after their parents have spent thousands of dollars on assessments through the private system, she said.
“I worry that this is a watered-down version of an appropriate assessment,” she said of the hubs.
Children with ADHD who don’t get help can end up with disruptive behavioural problems, Murray said. Some later suffer silently until depression and anxiety set in, so their needs should be adequately met in the new system, she added.
Jaymie Nelson, whose two children, Emerson, 12, and eight-year-old Amelia, both have ADHD, said it’s hard to believe there won’t be any wait lists at the hubs “because there are wait lists for everything, even paying privately there’s a wait list.”
Nelson said her children have a rapport with their occupational therapist and speech-language pathologist, and she worries about losing access to these professionals under the hub system.
She attended a town hall last fall after the government announced the hubs and said she felt hopeful that children and youth with ADHD could finally get some support, which isn’t provided at most schools because many teachers are not trained in basic knowledge about the condition.
“It was not clear on details,” she said. “There was really nothing ironed out. Initially, it was like, hey guys, this is awesome. But really it is not. There are so many concerns.”
—Camille Bains, The Canadian Press
RELATED: Advocates raise concerns as B.C. moves to new support model for children with disabilities
RELATED: Parents keep pressure on NDP plan for B.C. child support hubs | https://www.abbynews.com/news/b-c-to-launch-circle-of-care-for-neurodiverse-kids-but-parents-have-many-questions/ | 2022-05-16T17:02:19Z | https://www.abbynews.com/news/b-c-to-launch-circle-of-care-for-neurodiverse-kids-but-parents-have-many-questions/ | true | 20 |
FAYETTEVILLE, Ark. (KNWA/KFTA) — As part of ongoing road construction on N. Shiloh Drive, the City of Fayetteville announced the Fulbright Expressway westbound offramp and onramp at Shiloh will be closed overnight on Thursday, May 19, and Friday, May 20.
According to a press release, the closures will take place starting at 9 p.m. each night and reopen by 6 a.m. the following day. Crews will be performing a two-inch mill and overlay of the onramp and offramp, and the equipment needed to perform this task is too large for traffic to be flagged around.
The city says also during this time, the section of Shiloh between N. Gregg Avenue and Steele Boulevard will be closed to through traffic. Vehicles will be able to access N. Northwood Avenue and N. Sandpiper Drive from the Steele and Shiloh intersection. Detour signs will direct traffic to Van Asche Drive.
The temporary changes are part of a construction project to improve two intersections on Shiloh, at the on/offramp for the Fulbright Expressway, and where Shiloh meets Steele Boulevard. The project is funded by the Streets Improvement Bond approved by Fayetteville residents in 2019, according to the release.
The city notes lane shifts, closures and delays will be needed along this high traffic area for the safety of the public and construction workers. Drivers are asked to be observant and use extra care when driving in this area.
For more information on the project, visit fayettevillear.gov. | https://www.nwahomepage.com/news/local-news/fulbright-expressway-onramp-offramp-to-close-may-19-20/ | 2022-05-16T17:02:35Z | https://www.nwahomepage.com/news/local-news/fulbright-expressway-onramp-offramp-to-close-may-19-20/ | true | 1 |
CTD Busted TTP Gang; Nine Held, Suicidal Jackets Recovered
Muhammad Irfan Published May 16, 2022 | 08:33 PM
Counter Terrorism Department (CTD) here Monday arrested nine notorious terrorists, those were associated with splinter group of banned Tehreek-e-Taliban, from Yakka Ghund area of district Mohmand
PESHAWAR, (UrduPoint / Pakistan Point News - 16th May, 2022 ) :Counter Terrorism Department (CTD) here Monday arrested nine notorious terrorists, those were associated with splinter group of banned Tehreek-e-Taliban, from Yakka Ghund area of district Mohmand.
Acting on a tip-off regarding presence of a group allegedly planning a terrorism activity, the teams of CTD conducted a raid in Tehsil Yakka Ghund, district Mohmand where a group of terrorists were being formed to carry out terrorist attack.
CTD teams successfully apprehended nine terrorists who were identified as Mohibullah, Ehsanullah, Iftikhar, Samiullah, Irfan, Asmatullah, Farhad Ali, Ishtiaq and Abdur Raziq and recovered two suicide jackets, two grenade, four rocket-launcher shells, one Kalashnikov and a pistol.
CTD Police registered a case and started further investigation.
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All rights of the publication are reserved by UrduPoint.com. Reproduction without proper consent is not allowed. | https://www.urdupoint.com/en/pakistan/ctd-busted-ttp-gang-nine-held-suicidal-jack-1511270.html | 2022-05-16T17:02:56Z | https://www.urdupoint.com/en/pakistan/ctd-busted-ttp-gang-nine-held-suicidal-jack-1511270.html | false | 1 |
Whatsapp is always buzzing, whether it’s the desktop version or the mobile version for iOS and Android (see the latest important news on large files and reactions). The function under discussion today concerns a perhaps secondary aspect, but which once implemented in the stable app will certainly be appreciated by users: we are talking about the possibility of create rich previews in case your textual status update contains a link.
The following image shows the difference between the current situation (left) and the future one (right). In this case we are on the version of WhatsApp for iOS.
This news is not yet visible even on the beta, and it will in all likelihood be released shortly in the form of a test not only for iOS, but also for Android and the desktop version. Essentially, WhatsApp automatically generates a preview adding far more details than there are now. Here WABetaInfo makes a correct clarification, distinguishing between:
- iOS: in the current version the link preview is not generated
- Android: in the current version a preview of the link is already shown in the status update, but it is limited to little information (see image above)
The difference therefore lies in:
- iOS: the function will be fully implemented, so that even the Apple OS can view the rich preview of the status update
- Android: previews will be displayed showing even more information than the current state
As always, it is difficult to know the timing of the release: the certainty is that first the function will pass from beta, then – barring unforeseen events or second thoughts – it will be released on the stable channel. | https://voonze.com/whatsapp-the-details-make-the-difference-the-news-on-status-updates/ | 2022-05-16T17:03:40Z | https://voonze.com/whatsapp-the-details-make-the-difference-the-news-on-status-updates/ | false | 1 |
The historic St Thomas Tower in Marsascala is undergoing a €3.2 million restoration and will be converted into a museum of piracy, the Tourism Ministry announced on Monday.
The project is being carried out by the Tourism Authority, with co-financing by the European Union.
The site was visited on Monday by Tourism Minister Clayton Bartolo and Chris Bonett, parliamentary secretary for EU funds.
Bartolo said the tower project fitted into the ministry's efforts to add attractions to Malta's tourism product.
The tower is administered by Fondazzjoni Wirt Artna (FWA).
Torri San Tumas, guarding Marsascala and St Thomas Bay, was built in 1614 on the orders of Grand Master Alof de Wignacourt after Turkish raiders landed at St Thomas Bay and attacked Zejtun.
It is the largest watchtower in Malta, with bastioned turrets on its four corners and walls that are 5.25 metres thick. It is surrounded by a dry moat and entrance was through a vaulted doorway with a wooden drawbridge that partly survives.
The tower used to face the sea until the Jerma Hotel was built right in front of it.
Coastal areas of Malta and Gozo were occasionally attacked by pirates in medieval times as was shipping heading for the islands but the Maltese in turn contributed corsairs for raids authorised by the Order of St John which intercepted Ottoman shipping, providing much-needed revenue to the order's coffers as well as slaves for its ships.
Independent journalism costs money. Support Times of Malta for the price of a coffee.
Support Us | https://timesofmalta.com/articles/view/torri-san-tumas-to-become-museum-of-piracy.955411 | 2022-05-16T17:06:41Z | https://timesofmalta.com/articles/view/torri-san-tumas-to-become-museum-of-piracy.955411 | true | 1 |
SINGAPORE - Higher airfares for now are inevitable, with oil prices high and jet kerosene prices even higher at a time when jet fuel manufacturers have yet to return to pre-pandemic levels of production, said the director-general of the International Air Transport Association (Iata).
Airlines have had to raise fares by at least 10 per cent just to offset the surge in fuel cost, their biggest expenditure outlay, Mr Willie Walsh said.
"Jet fuel prices are leading to very significant increases in costs for airlines. Given the financial performance of airlines, there is just no way an airline can absorb that additional cost," he said at a media briefing on Monday (May 16) ahead of the Changi Aviation Summit this week.
But there is no evidence the higher airfares have deterred people from travelling, Mr Walsh noted. "There is strong pent-up demand for travel. People have saved money and they are prepared to spend that money."
Airfares here and globally have surged with air traffic on the rebound. A return ticket on Singapore Airlines (SIA) to London from June 20 to July 10 is now going for about $3,200, up from $1,800 pre-pandemic.
The fare increase has ranged from 20 per cent to 80 per cent since Singapore reopened its borders in April, amid passenger volumes doubling at Changi Airport to reach 40 per cent of 2019 levels.
Mr Walsh said the cost of jet fuel now averages 30 per cent to 33 per cent higher than oil prices in the first quarter of this year. Between 2010 and 2019, it averaged 17 per cent higher than oil prices.
With jet kerosene refineries now increasing their production, airfares should start coming down in the second half of this year, he said.
The aviation industry is adjusting to a faster-than-expected recovery of air travel, and is currently facing manpower and flight bottlenecks, which Mr Walsh characterised as "good problems" for the sector to have.
Potential headwinds such as high interest rates, high oil prices and recession are also more "business as usual" problems the industry is talking about only now that the pandemic has largely stabilised, he said.
Analysts said that more than oil prices, a more important factor for airfares is supply and demand of flights. Once more airlines schedule more flights, airfares will become more competitive.
Head of Asia at OAG aviation Mayur Patel said less competition on specific routes now has allowed some airlines to charge more.
SIA flights are also at a premium as the airline is Singapore's home carrier, with a much higher bargaining power in the market compared with foreign carriers at Changi Airport.
Mr Brendan Sobie of Sobie Aviation said South-east Asia has traditionally had an issue of overcapacity prior to the pandemic, and airlines operating here will likely continue to face this issue.
"It's not inevitable that fares will go up because of higher fuel prices. Airfares are a function of supply and demand," he said.
During his talk with the media, Mr Walsh also urged more traditional jet fuel companies to produce sustainable aviation fuels (SAF), which currently cost about three times that of conventional jet fuel.
He said the problem is not with demand as airlines used all of the available 100 million litres of SAF last year and have placed total orders of more than 14 billion litres in the years to come.
But Neste, the world's largest producer of SAF, said expected production capacity in the coming years may already have outstripped future demand, and that more needs to be done by governments to mandate SAF use.
Its production capacity will grow by 15 times to 1.5 million tonnes by the end of 2023, with up to one million tonnes to be produced in its Singapore refinery.
Mr Sami Jauhiainen, Neste's vice-president of renewable aviation in Asia-Pacific, said: "Investments in SAF production facilities are highly capital-intensive, requiring long-term certainty of market demand.
"The policy targets for SAF are modest compared to the expected growth in SAF production capacity. New SAF capacity investments are being announced by many others as well."
He added: "Governments can accelerate investments in SAF production by defining policy frameworks, such as mandates, that create the market for SAF." | https://www.straitstimes.com/singapore/higher-airfares-inevitable-due-to-high-oil-prices-but-may-come-down-later-this-year-iata-chief | 2022-05-16T17:07:46Z | https://www.straitstimes.com/singapore/higher-airfares-inevitable-due-to-high-oil-prices-but-may-come-down-later-this-year-iata-chief | true | 1 |
Mundka tragedy: Bio samples of 26 people collected so far for DNA profiling
Mundka tragedy: Bio samples of 26 people collected so far for DNA profiling
New Delhi: The Delhi Police on Monday said it has so far collected biological samples of a total of 26 people, whose family members are believed to be killed in the fire at a building in outer Delhi's Mundka, for DNA profiling.
Preliminary investigation has suggested that various lapses, including lack of fire fighting equipment and blocked staircase, triggered the fire in the building, police said. At least 27 people were charred to death in the massive blaze that ripped through the four-storey building on Friday, according to the police.
"A total of 26 samples have been collected for DNA profiling, which will be carried out by forensic experts," a senior police officer said. The Delhi Police on Sunday had said it has collected biological samples of at least 20 people, whose family members are believed to be killed in the fire, for DNA profiling.
These members also include kin of the eight people whose identities have already been ascertained, officials had said. A senior official said investigations into the incident has suggested that various lapses had triggered the fire. He said the building housed a warehouse in the basement where highly combustible items were stored.
The staircase was blocked with batteries and inverters. There was only single entry and exit route, the official said, adding there were no fire-fighting systems working. The owner of the building, Manish Lakra, was arrested on Sunday, two days after the incident.
The officer further said they are asking authorities, including the civic body, for providing documents for the investigation. Lakra was in the real estate business and had a shop on the ground floor of the building, police said, adding that his family is yet to be traced.
"We received information that Lakra was going towards Haridwar in Uttarakhand. We laid a trap and nabbed him from Ghevra Mod after conducting multiple raids in Delhi and Haryana, Sameer Sharma, Deputy Commissioner of Police (Outer), had said on Sunday. Lakra used to live on the fourth floor of the commercial building. He lived in a two-room-kitchen house with his mother, wife and two children. He managed to escape to the adjacent building along with his family members when the fire broke out, police had earlier said.
A CCTV camera and router manufacturing and assembling company, in whose office the fire is suspected to have started, had been on the premises since 2017. Its owners -- Harish and Vijay Goel, who are brothers, have already been arrested.
PTI
Also read: "Can still feel the smoke": Women survivors of Delhi fire worried about livelihood, future | https://www.etvbharat.com/english/national/bharat/bio-samples-of-26-people-collected-so-far-for-dna-profiling-mundka-tragedy/na20220516222306329329171 | 2022-05-16T17:09:12Z | https://www.etvbharat.com/english/national/bharat/bio-samples-of-26-people-collected-so-far-for-dna-profiling-mundka-tragedy/na20220516222306329329171 | true | 4 |
Utica Police Take Another ‘Ghost Gun’ Off The Streets
A Utica man has been arrested on weapons charges after police allegedly found him in possession of a handgun at a convenience store.
Utica Police were called to the intersection of Albany Street and Kossuth Avenue at around 10:30 Sunday night.
When officers arrived, they found a man matching the description of the suspect exiting the convenience store.
Police say as officers attempted to stop the suspect, he grabbed onto his waistband and fled on foot.
They say during the course of the pursuit, the man discarded a handgun and was apprehended a short distance away.
He was taken into custody without incident.
While searching the suspect, the officers located a plastic baggie with a substance consistent with crack cocaine in his pocket.
The weapon turned out to be a loaded 9mm “Ghost Gun.”
Ghost guns are unserialized and untraceable firearms that can be bought online and assembled at home.
They’re are often sold through "ghost gun kits," which include all of the parts and often the equipment necessary to build these weapons at home.
36-year old Desmond Anthony was arrested and charged with:
- Criminal Possession of a Weapon in the second degree
- Criminal Possession of a Weapon in the third degree
- Criminal Possession of a Firearm
- Obstruction of Governmental Administration
- Criminal Possession of a Controlled Substance in the seventh degree | https://wour.com/utica-police-take-another-ghost-gun-off-the-streets/ | 2022-05-16T17:11:34Z | https://wour.com/utica-police-take-another-ghost-gun-off-the-streets/ | false | 2 |
Delicious, Nutritious Food for Kids is Available Statewide
CHEYENNE, Wyo., May 16, 2022 /PRNewswire/ -- The Wyoming Summer Food Service program for kids offered through the Wyoming Department of Education kicks off soon. Every summer the program delivers thousands of meals to Wyoming children and teens.
"Classes will be ending soon, and Wyoming children and teens do not have to go hungry because their school is out of session," said Amanda Anderson, Nutrition Program Consultant with the Wyoming Department of Education. "We are loaded with summer food program sites from border to border. Finding a program near you is just a few clicks away."
The Wyoming Department of Education's website includes a link to a United States Department of Agriculture map where Wyoming families can easily identify the food service site, or sites, nearest to them. Another way to get the information is to Google "Wyoming Summer Food Service." Callers interested in learning more can call 211 or Amanda Andersen at (307) 777-7168.
The Summer Food Service Program is a federally funded, state-administered program. The program reimburses providers who serve free, healthy meals to children and teens during the summer months when school is not in session. In addition to serving food, summer food sites often include activities for students to do during the summer including crafts and games.
About the Wyoming Summer Food Service Program
The U.S. Department of Agriculture's (USDA) Summer Food Service Program (SFSP), also known as the Summer Meals Program, provides kids and teens free meals when school is out. There are several ways that local organizations can be a part of the Summer Meals Program. In Wyoming the program is offered through the Wyoming Department of Education. Information is available at https://edu.wyoming.gov/for-district-leadership/nutrition/summer-food/ or by calling 211 or Amanda Andersen at (307)777-7168.
In accordance with Federal civil rights law and U.S. Department of Agriculture (USDA) civil rights regulations and policies, the USDA, its Agencies, offices, and employees, and institutions participating in or administering USDA programs are prohibited from discriminating based on race, color, national origin, sex, disability, age, or reprisal or retaliation for prior civil rights activity in any program or activity conducted or funded by USDA.
Persons with disabilities who require alternative means of communication for program information (e.g., Braille, large print, audiotape, American Sign Language, etc.), should contact the Agency (State or local) where they applied for benefits. Individuals who are deaf, hard of hearing or have speech disabilities may contact USDA through the Federal Relay Service at (800) 877-8339. Additionally, program information may be made available in languages other than English.
To file a program complaint of discrimination, complete the USDA Program Discrimination Complaint Form, (AD-3027) found online at: How to File a Complaint, and at any USDA office, or write a letter addressed to USDA and provide in the letter all of the information requested in the form. To request a copy of the complaint form, call (866) 632-9992. Submit your completed form or letter to USDA by:
- mail: U.S. Department of Agriculture
Office of the Assistant Secretary for Civil Rights
1400 Independence Avenue, SW
Washington, D.C. 20250-9410; - fax: (202) 690-7442; or
- email: program.intake@usda.gov.
This institution is an equal opportunity provider.
Contact:
Amanda Anderson, Wyoming Department of Education
307.777.7168 or amanda.anderson@wyo.gov
View original content:
SOURCE Wyoming Department of Education | https://www.wwnytv.com/prnewswire/2022/05/16/2022-wyoming-summer-food-service-program-kicks-off-soon/ | 2022-05-16T17:12:48Z | https://www.wwnytv.com/prnewswire/2022/05/16/2022-wyoming-summer-food-service-program-kicks-off-soon/ | false | 21 |
By Kate Abnett
BRUSSELS, May 16 (Reuters) - The European Commission has confirmed how European Union companies can pay for Russian gas without breaching the bloc's sanctions against Russia, in updated guidance on the issue seen by Reuters.
The Commission told countries last month that European companies may be able to pay for Russian gas without breaching EU sanctions against Moscow, but only if they followed certain conditions, after Russia demanded foreign buyers start paying for gas in roubles or risk losing their supply.
In updated guidance, shared with EU countries on Friday and seen by Reuters, the Commission confirmed its previous advice that EU sanctions do not prevent companies from opening an account at a designated bank, and companies can pay for Russian gas - so long as they do so in the currency agreed in their existing contracts and declare the transaction completed when that currency is paid.
Nearly all of the supply contracts EU companies have with Russian gas giant Gazprom are in euros or dollars.
Russia cut gas supply to Poland and Bulgaria last month for refusing to comply with its rouble payment demand. Several EU governments and large importers have sought more clarity from Brussels on whether they can keep buying gas, which heats homes, produces electricity and powers factories across Europe.
Companies should make a "clear statement" saying that when they pay euros or dollars, they consider their obligations under existing contracts to be fulfilled, the guidance said.
It should be understood that "such payments in that currency discharge definitively the economic operator from the payment obligations under those contracts, without any further actions from their side as regards the payment," it said.
By ending its obligations once it deposits euros or dollars, a company could avoid being involved in dealing with the Russian central bank, which is under sanctions, and which could have been involved in converting the euros to roubles.
President Vladimir Putin's decree had said a transaction would only be deemed complete after the foreign currency was converted to roubles.
The Commission did not immediately respond to a request for comment.
(Reporting by Kate Abnett; editing by Jan Strupczewski)
((Kate.Abnett@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | https://www.nasdaq.com/articles/eu-clarifies-how-companies-can-legally-pay-for-russian-gas-0 | 2022-05-16T17:19:43Z | https://www.nasdaq.com/articles/eu-clarifies-how-companies-can-legally-pay-for-russian-gas-0 | true | 7 |
CF Industries Holdings, Inc. (NYSE:CF – Get Rating)’s stock price traded up 6.1% during mid-day trading on Monday . The company traded as high as $110.35 and last traded at $110.22. 25,400 shares traded hands during trading, a decline of 99% from the average session volume of 4,177,800 shares. The stock had previously closed at $103.86.
A number of research analysts recently issued reports on the company. Barclays boosted their price objective on CF Industries from $68.00 to $83.00 in a research note on Thursday, February 17th. StockNews.com assumed coverage on CF Industries in a research note on Thursday, March 31st. They set a “buy” rating for the company. Stifel Nicolaus boosted their price objective on CF Industries from $68.00 to $78.00 and gave the company a “hold” rating in a research note on Tuesday, March 1st. Consumer Edge downgraded CF Industries from an “overweight” rating to an “equal weight” rating in a research note on Thursday, April 14th. Finally, Royal Bank of Canada dropped their price target on CF Industries from $105.00 to $100.00 and set a “sector perform” rating for the company in a research note on Monday, May 9th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $92.84.
The firm has a market capitalization of $22.25 billion, a PE ratio of 13.38, a PEG ratio of 0.97 and a beta of 1.02. The company has a fifty day moving average price of $100.30 and a 200-day moving average price of $79.78. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.72.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 16th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Friday, May 13th. This is a positive change from CF Industries’s previous quarterly dividend of $0.30. CF Industries’s dividend payout ratio is presently 15.46%.
In other CF Industries news, CFO Christopher D. Bohn sold 110,740 shares of the stock in a transaction on Friday, February 25th. The stock was sold at an average price of $79.37, for a total value of $8,789,433.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO W Anthony Will sold 1,098,645 shares of the stock in a transaction on Monday, February 28th. The stock was sold at an average price of $80.27, for a total value of $88,188,234.15. The disclosure for this sale can be found here. Insiders have sold a total of 1,333,463 shares of company stock worth $107,631,042 in the last 90 days. 0.42% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. purchased a new stake in CF Industries in the first quarter worth $26,000. Catalyst Capital Advisors LLC grew its position in shares of CF Industries by 64.3% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the basic materials company’s stock worth $26,000 after buying an additional 142 shares in the last quarter. Signaturefd LLC grew its position in shares of CF Industries by 121.1% during the 4th quarter. Signaturefd LLC now owns 398 shares of the basic materials company’s stock worth $28,000 after buying an additional 218 shares in the last quarter. Goldstream Capital Management Ltd bought a new position in shares of CF Industries during the 1st quarter worth $50,000. Finally, Lenox Wealth Advisors LLC bought a new position in shares of CF Industries during the 4th quarter worth $35,000. Institutional investors and hedge funds own 93.00% of the company’s stock.
CF Industries Company Profile (NYSE:CF)
CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.
See Also
- Get a free copy of the StockNews.com research report on CF Industries (CF)
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DRIFE (DRF) traded down 1.5% against the US dollar during the one day period ending at 11:00 AM Eastern on May 16th. One DRIFE coin can currently be purchased for $0.0019 or 0.00000006 BTC on popular cryptocurrency exchanges. DRIFE has a total market cap of $1.18 million and approximately $16,152.00 worth of DRIFE was traded on exchanges in the last day. Over the last seven days, DRIFE has traded 7.6% lower against the US dollar.
Here’s how related cryptocurrencies have performed over the last day:
- BITCOIN ADDITIONAL (BTCA) traded down 1.4% against the dollar and now trades at $29,587.56 or 1.00039211 BTC.
- Binance USD (BUSD) traded 0% lower against the dollar and now trades at $1.00 or 0.00003383 BTC.
- Crypto.com Coin (CRO) traded up 5% against the dollar and now trades at $0.41 or 0.00001075 BTC.
- Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
- DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
- DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.
- Dai (DAI) traded down 0% against the dollar and now trades at $1.00 or 0.00003377 BTC.
- Polygon (MATIC) traded down 1.4% against the dollar and now trades at $0.68 or 0.00002289 BTC.
- THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.
- FTX Token (FTT) traded up 1.2% against the dollar and now trades at $31.89 or 0.00107713 BTC.
DRIFE Profile
According to CryptoCompare, “DRIFE is a decentralized ride-hailing platform powered by blockchain with the intent of empowering value creators within their ecosystem – these include the drivers, riders, and community developers. DRIFE plans to disrupt the existing business model and remove the corporate intermediaries involved in the transactions. “
Buying and Selling DRIFE
It is usually not possible to purchase alternative cryptocurrencies such as DRIFE directly using US dollars. Investors seeking to trade DRIFE should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase DRIFE using one of the aforementioned exchanges.
Receive News & Updates for DRIFE Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for DRIFE and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter. | https://www.themarketsdaily.com/2022/05/16/drife-price-hits-0-0019-on-exchanges-drf.html | 2022-05-16T17:22:33Z | https://www.themarketsdaily.com/2022/05/16/drife-price-hits-0-0019-on-exchanges-drf.html | true | 83781 |
Man killed in Westwood shooting identified
CINCINNATI (WXIX) - A 40-year-old man has been identified as the victim killed on May 13 in Westwood.
Ernie Allen, 40, died at Cincinnati Medical Center after being shot on Westbrook Avenue off Boudinot Avenue, the Cincinnati Police Department announced Monday.
Officers were called to Westbrook Avenue around 9:45 a.m. for reports of gunshots.
Allen was found at the scene with multiple gunshot wounds, according to police. He was taken to the hospital where he died from his injuries.
His death is being investigated by the Cincinnati Police Department’s Homicide Unit. Call 513-352-3542 if you have any information.
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Copyright 2022 WXIX. All rights reserved. | https://www.fox19.com/2022/05/16/man-killed-westwood-shooting-identified/ | 2022-05-16T17:27:38Z | https://www.fox19.com/2022/05/16/man-killed-westwood-shooting-identified/ | true | null |
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